Board Meeting Details

The Board of Directors meeting was held on May 22, 2026, starting at 4:00 PM and concluding at 10:15 PM. The Board approved:

1. Audited Standalone and Consolidated Financial Results as per Regulation 33 of SEBI (LODR) Regulations, 2015

2. Auditors Report with unmodified opinion by statutory auditors M/s. Rao & Shyam Chartered Accountants

3. Declaration under Regulation 33(3)(d) confirming unmodified opinion on audited financial results

4. Continuation of Trading Window closure for 48 hours after meeting conclusion per SEBI Insider Trading Regulations

Consolidated Financial Highlights (FY2025-26)

Profit & Loss Statement (Consolidated):

  • Revenue from Operations: Not explicitly quantified in summary data
  • Profit Before Tax: ₹470.96 lakhs (PY: ₹166.25 lakhs)
  • Net Profit After Tax: ₹5.61 lakhs (PY: Not clearly stated in summary)
  • Other Comprehensive Income: ₹(1.96) lakhs
  • Total Comprehensive Income: ₹3.65 lakhs
  • Basic EPS: ₹0.01 (PY: Negative)
  • Diluted EPS: ₹0.01 (PY: Negative)

Balance Sheet (Consolidated):

  • Total Assets: ₹11,488.57 lakhs (PY: ₹9,647.56 lakhs)
  • Non-current Assets: ₹5,412.71 lakhs (PY: ₹4,503.23 lakhs)
  • Current Assets: ₹6,075.86 lakhs (PY: ₹5,144.32 lakhs)
  • Total Equity: ₹7,648.40 lakhs (PY: ₹7,360.58 lakhs)
  • Non-current Liabilities: ₹633.38 lakhs (PY: ₹199.65 lakhs)
  • Current Liabilities: ₹3,099.72 lakhs (PY: ₹1,980.26 lakhs)

Cash Flow (Consolidated):

  • Net Cash from Operating Activities: ₹1,228.08 lakhs
  • Net Cash Used in Investing Activities: ₹(1,352.79) lakhs
  • Net Cash from Financing Activities: ₹338.25 lakhs
  • Net Increase in Cash: ₹3,586.53 lakhs

Standalone Financial Highlights (FY2025-26)

Profit & Loss Statement (Standalone):

  • Net Loss Before Tax: ₹(154.39) lakhs
  • Tax Expense: ₹(20.24) lakhs (Current tax: ₹(34.76) lakhs, Deferred tax: ₹34.76 lakhs)
  • Net Loss After Tax: ₹(168.91) lakhs
  • Other Comprehensive Income: ₹3.63 lakhs
  • Total Comprehensive Income: ₹(165.28) lakhs
  • Basic EPS: ₹(0.32) (PY: ₹0.06)
  • Diluted EPS: ₹(0.32) (PY: ₹0.06)

Balance Sheet (Standalone):

  • Total Assets: ₹9,989.60 lakhs (PY: ₹8,816.18 lakhs)
  • Non-current Assets: ₹4,673.88 lakhs (PY: ₹4,264.08 lakhs)
  • Current Assets: ₹5,315.73 lakhs (PY: ₹4,552.09 lakhs)
  • Total Equity: ₹6,981.40 lakhs (PY: ₹7,055.48 lakhs)
  • Non-current Liabilities: ₹461.72 lakhs (PY: ₹56.64 lakhs)
  • Current Liabilities: ₹2,439.42 lakhs (PY: ₹1,597.00 lakhs)

Cash Flow (Standalone):

  • Net Cash from Operating Activities: ₹720.37 lakhs
  • Net Cash Used in Investing Activities: ₹(814.34) lakhs
  • Net Cash from Financing Activities: ₹302.13 lakhs
  • Net Increase in Cash: ₹208.16 lakhs

Subsidiary Information

The consolidated results include the following entities:

1. Verso Altima India Private Limited - 100% subsidiary (India)

2. Adroit Infotech Limited USA Branch

3. Adroit Infotech LLC Dubai - 100% subsidiary (UAE, Dubai Free Zone)

4. Verso Altima India PTE. Limited - subsidiary (Singapore)

Segment Reporting

  • Business Segment: Single segment - 'Information Technology Services'
  • Geographical Revenue (Consolidated):
  • India: ₹2,014.66 lakhs (PY: ₹1,483.68 lakhs)
  • Outside India: ₹2,851.46 lakhs (PY: ₹1,086.34 lakhs)
  • Geographical Revenue (Standalone):
  • India: ₹91.07 lakhs (PY: ₹142.72 lakhs)
  • Outside India: ₹152.84 lakhs (PY: ₹551.43 lakhs)

Capital Structure

  • Paid-up equity share capital as at March 31, 2026 comprises:
  • 54,177,208 fully paid equity shares of ₹10 each
  • 1,899,942 partly paid equity shares of ₹2.50 each
  • 1,191,280 partly paid-up shares of ₹5 each
  • During the year, the Rights Issue Committee approved issuance of call notices for 3,091,222 partly paid equity shares

Significant Transactions and Events

1. SAP accelerator software transferred from Holding Company to Verso Altima India Private Limited at ₹520.30 lakhs, capitalized as intangible asset

2. Transfer pricing compliance for this transaction is in process of being finalized

3. Appointment of Mr. Naveen Naidu as Group Chief Executive Officer effective November 6, 2025

4. Appointment of Mr. Satish Kumar Yadav as Group Chief Operating Officer effective November 6, 2025

5. Closure/voluntary winding-up of Adroit Infotech Inc, USA (wholly-owned subsidiary) approved at AGM on September 5, 2025

Notes to Accounts

  • Figures for quarter ended March 31, 2026 are balancing figures between audited full year and published unaudited nine-month figures
  • Previous period/year figures have been regrouped/reclassified where necessary
  • Subsidiary winding-up not expected to have material financial impact on consolidated results