Board Meeting Details
The Board of Directors meeting was held on October 26, 2026, at the company's registered office. The meeting commenced at 5:00 PM and concluded at 5:30 PM.
Key Approvals
1. Unaudited Financial Results: Approved the unaudited standalone and consolidated financial results for the half year ended September 30, 2026, prepared under Regulation 33 of Listing Regulations. The results were reviewed by the Audit Committee and include Limited Review Report from K.S. Sanghvi & Co., Chartered Accountants.
2. Secretarial Auditor Appointment: Appointed M/s. Ronak Jhuthawat & Co., Practicing Company Secretaries, Udaipur, Rajasthan as Secretarial Auditor for financial year 2026-27 effective October 26, 2026. The firm is led by Dr. CS Ronak Jhuthawat, a fellow member of ICSI with over 12 years of experience.
Trading Window Closure
The trading window for dealing in company securities will open 48 hours after the results are made public on October 26, 2026.
Financial Results - Standalone (Amount in ₹ Lakhs)
Performance Highlights H1 FY27 vs H1 FY26:
- Revenue from operations: ₹257.88 (vs ₹336.78 YoY)
- Total revenue: ₹269.09 (vs ₹343.37 YoY)
- Employee benefit expense: ₹152.87 (vs ₹177.89 YoY)
- Finance costs: ₹61.71 (vs ₹1.70 YoY)
- Net profit: ₹5.97 (vs ₹87.35 YoY)
- EPS: ₹0.17 (vs ₹2.54 YoY)
Balance Sheet Position as at September 30, 2026:
- Paid-up equity share capital: ₹343.80 lakhs (face value ₹10)
- Reserves and surplus: ₹167.25 lakhs
- Long-term borrowings: ₹1,171.98 lakhs
- Trade receivables: ₹393.40 lakhs
- Cash and cash equivalents: ₹117.98 lakhs
Financial Results - Consolidated (Amount in ₹ Lakhs)
Performance Highlights H1 FY27:
- Revenue from operations: ₹1,034.57
- Total revenue: ₹1,040.13
- Net profit: ₹171.26
- EPS: ₹4.98 (basic and diluted)
Balance Sheet Position as at September 30, 2026:
- Paid-up equity share capital: ₹343.80 lakhs
- Reserves and surplus: ₹199.24 lakhs
- Long-term borrowings: ₹1,171.98 lakhs
- Trade receivables: ₹621.90 lakhs
- Cash and cash equivalents: ₹177.43 lakhs
Subsidiary Information
The consolidated results include:
1. Accelerate Next Inc.: Wholly owned subsidiary in USA incorporated September 2025
2. Web Beanstalk Solutions LLC: Wholly owned subsidiary of Accelerate Next Inc. (step-down subsidiary) acquired March 4, 2026
The subsidiaries contributed significantly to consolidated results with total assets of ₹1,746.48 lakhs and net assets of ₹1,068.64 lakhs as at September 30, 2026.
Auditor Qualifications
K.S. Sanghvi & Co. noted that no provision was created for trade receivables aggregating ₹119.30 lakhs which are overdue from one party and doubtful of recovery. Management is confident of recovery and believes no provision is required.
Additional Information
- The company operates in one business segment: Digital Technology Services and Support Services
- No investor complaints were received/pending as of September 30, 2026
- Previous period figures have been regrouped/reclassified where necessary
- Financial results are available on company website: www.acceleratebs.com