Financial Performance (Standalone)

FY 2025-26 Highlights:

  • Revenue from Operations: ₹643.75 lakh (Previous year: ₹677.10 lakh)
  • Other Income: ₹24.29 lakh (Previous year: ₹5.05 lakh)
  • Total Income: ₹668.04 lakh (Previous year: ₹682.15 lakh)
  • Total Expenditure: ₹534.51 lakh (Previous year: ₹570.90 lakh)
  • Profit Before Tax: ₹133.53 lakh (Previous year: ₹111.25 lakh)
  • Current Tax: ₹47.88 lakh (Previous year: ₹39.65 lakh)
  • Deferred Tax: (₹0.10) lakh (Previous year: (₹1.70) lakh)
  • Net Profit After Tax: ₹85.76 lakh (Previous year: ₹73.30 lakh)
  • Earnings Per Share (Basic & Diluted): ₹2.49 (Previous year: ₹2.57)

Financial Performance (Consolidated)

FY 2025-26 Highlights:

  • Revenue from Operations: ₹691.84 lakh
  • Other Income: ₹23.88 lakh
  • Total Income: ₹715.72 lakh
  • Total Expenditure: ₹603.35 lakh
  • Profit Before Tax: ₹112.37 lakh
  • Current Tax: ₹46.90 lakh
  • Deferred Tax: ₹0.89 lakh
  • Net Profit After Tax: ₹64.58 lakh
  • Earnings Per Share (Basic & Diluted): ₹1.88

Dividend Declaration

  • Interim Dividend: Declared 1st Interim Dividend of ₹0.20 per equity share (2%) on November 10, 2025, paid to eligible shareholders as on record date November 21, 2025
  • Final Dividend: Board recommended Final Dividend of ₹0.10 per equity share (1%) for FY26, subject to approval at 4th Annual General Meeting
  • Total dividend payment for FY26: ₹13,75,232 (₹0.40 per equity share)
  • Dividend will be paid electronically as per SEBI (LODR) (Fifth Amendment) Regulations, 2025
  • TDS will be deducted as per Income Tax Act, 1961 provisions

Share Capital

  • Authorized Share Capital: ₹20,00,00,000 divided into 2,00,00,000 equity shares of ₹10 each
  • Issued, Subscribed and Paid-up Share Capital: ₹3,43,80,800 divided into 34,38,080 equity shares of ₹10 each
  • No change in share capital during the year under review

Subsidiaries and Acquisitions

New Subsidiaries Formed/Acquired:

  • Accelerate Next Inc: Wholly-Owned Subsidiary incorporated on September 17, 2025 (IST) in Wyoming, USA
  • Beanstalk Web Solutions LLC: Step-Down Subsidiary acquired on March 06, 2026 (IST) through Accelerate Next Inc

Financial Details of Accelerate Next Inc (as of March 31, 2026):

  • Share Capital: ₹1036.65 lakh
  • Reserve and Surplus: (₹10.85) lakh
  • Total Assets: ₹994.96 lakh
  • Total Liabilities: ₹55.36 lakh
  • Investments: ₹946.54 lakh
  • Turnover: ₹0.15 lakh
  • Profit Before Taxation: (₹10.85) lakh
  • Profit After Taxation: (₹10.85) lakh
  • Shareholding: 100%
  • Exchange Rates: Balance Sheet - 1 USD = ₹94.6543; P&L - 1 USD = ₹88.30714

Board Composition and Changes

Directors as on March 31, 2026:

1. Mr. Kunal Arvind Shah - Chairman and Managing Director (DIN: 06982652)

2. Mr. Keyur Dipakkumar Shah - Whole-time Director (DIN: 06982704)

3. Ms. Ami Keyur Shah - Executive Director and CFO (DIN: 09812195)

4. Ms. Ishani Kunal Shah - Executive Director (DIN: 09812215)

5. Mr. Krunal Bhupendra Katwala - Non-Executive Independent Director (DIN: 09180184)

6. Mr. Pratik Pravin Doshi - Non-Executive Independent Director (DIN: 09598158)

7. Mr. Hardik Naresh Bagadia - Non-Executive Independent Director (DIN: 10047923)

Key Managerial Personnel Changes:

  • Ms. Bhavika Mehta resigned as Whole-time Company Secretary and Compliance Officer effective July 31, 2025
  • Ms. Jigyasha Jain appointed as Whole-time Company Secretary and Compliance Officer effective August 08, 2025 (Membership No.: A64547)

Board and Committee Meetings

Board Meetings Held: 5 meetings during FY26

  • May 26, 2025 (100% attendance)
  • July 03, 2025 (100% attendance)
  • August 08, 2025 (57.14% attendance)
  • November 10, 2025 (100% attendance)
  • January 06, 2026 (100% attendance)

Committee Meetings Held:

  • Audit Committee: 2 meetings (May 26, 2025 and November 10, 2025)
  • Nomination and Remuneration Committee: 1 meeting (May 26, 2025)

Corporate Governance

  • Company listed on BSE SME Platform, hence corporate governance provisions under SEBI Listing Regulations not applicable
  • Compliance with Secretarial Standards SS-1 and SS-2 maintained
  • Whistle Blower Policy/Vigil Mechanism Policy implemented
  • Prevention of Sexual Harassment Policy implemented with Internal Complaint Committee
  • No cases filed under Sexual Harassment of Women at Workplace Act, 2013

Statutory Auditors

  • M/s. K S Sanghvi & Co., Chartered Accountants (FRN: 116714W)
  • Appointed for 5 years from conclusion of 1st AGM till conclusion of 6th AGM
  • Auditor's Report contains no qualifications, reservations, adverse remarks or disclaimers
  • Auditor's Remuneration: ₹1.15 lakh (Previous year: ₹1.09 lakh)

Secretarial Auditor

  • Mr. Vikas Raju Varma, Practicing Company Secretary
  • Secretarial Audit Report noted inadvertent delay in filing one form with ROC
  • Management response: Will ensure timely filing of ROC forms in future

Internal Auditor

  • Anish Mehta & Associates, Chartered Accountants
  • Internal audit reports reviewed by Board and Audit Committee

Related Party Transactions

Material Transactions at Arm's Length Basis:

1. Leave and License Agreement for Registered Office premises with Mr. Kunal Arvind Shah and Mr. Keyur Dipakkumar Shah: ₹1,40,000 per month for 5 years (approved December 27, 2023)

2. Lease Agreement for Branch Office premises with Mr. Kunal Arvind Shah and Mr. Keyur Dipakkumar Shah: ₹50,000 per month for 5 years (approved December 27, 2023)

Other Transactions:

  • Loans taken from Directors: ₹150 lakh (₹75 lakh each from Mr. Kunal Arvind Shah and Mr. Keyur Dipakkumar Shah)
  • Service income from Beanstalk Web Solutions LLC: ₹28.39 lakh
  • Interest income from Accelerate Next Inc: ₹0.42 lakh
  • Loan to Accelerate Next Inc: ₹54.94 lakh

Foreign Exchange Transactions

Earnings in Foreign Exchange:

  • Professional and Consultancy Fees: ₹617.55 lakh (Standalone), ₹617.55 lakh (Consolidated)

Expenditure in Foreign Exchange:

  • Professional and Consultancy Fees: Nil (Standalone), Nil (Consolidated)
  • Previous year: ₹40.23 lakh (Standalone)

Employee Strength

  • Total permanent employees: 47 as on March 31, 2026
  • Female Employees: 15
  • Male Employees: 32
  • Transgender Employees: Nil

Key Ratios (Standalone)

  • Debtors Turnover: 2.63 (Previous year: 3.48)
  • Current Ratio: 1.70 (Previous year: 10.62)
  • Debt Equity: 182.71% (Previous year: 48.54%)
  • Net Profit Margin: 13.32% (Previous year: 10.83%)
  • Return on Equity: 16.86% (Previous year: 16.79%)
  • Return on Capital Employed: 12.62% (Previous year: 17.19%)

Loans and Borrowings

Long-term Borrowings: ₹883.78 lakh

  • Secured Loans from Banks: ₹440.05 lakh
  • Secured Loans from NBFCs: ₹457.34 lakh
  • Unsecured Loans from Directors: ₹152.23 lakh

Key Lenders include:

  • Saraswat Co-Operative Bank Limited: ₹374.42 lakh at 8.80% interest
  • Indusind Bank Limited: ₹27.99 lakh at 16% interest
  • Multiple NBFCs including Bajaj Finance, L&T Finance, Aditya Birla Capital, etc.

Annual General Meeting

  • 4th AGM to be held on Tuesday, July 28, 2026 at 02:00 PM through Video Conferencing
  • Record Date for Dividend: Monday, July 20, 2026
  • Business Items:

1. Adoption of Audited Standalone and Consolidated Financial Statements

2. Re-appointment of Ms. Ishani Kunal Shah as Director retiring by rotation

3. Declaration of Final Dividend of ₹0.10 per share