Company Overview
Airan Limited (BSE: 543811 | NSE: AIRAN | CIN: L74140GJ1995PLC025519) has convened its 31st Annual General Meeting scheduled for September 26, 2026, at 04:00 PM IST through video conferencing, with the record date set for September 19, 2026.
Financial Performance FY2025-26
The company reported mixed financial results for the fiscal year. Standalone total income increased by 2.66% to ₹107.14 crore from ₹104.37 crore in FY25. However, profitability metrics deteriorated significantly with standalone net profit declining 36.74% to ₹10.58 crore from ₹16.73 crore in the previous year. EBITDA decreased to ₹18.78 crore from ₹25.80 crore, while EPS dropped to ₹0.88 from ₹1.34. Consolidated performance showed similar trends with total income growing 1.62% to ₹119.53 crore but profit after tax falling 36.93% to ₹11.71 crore.
Key financial ratios reflected this profitability pressure: return on equity declined from 73.89% to 48.27%, net profit ratio decreased from 17.62% to 10.83%, and return on capital employed fell from 14.86% to 9.49%. The company did not recommend any dividend for FY26, maintaining the same policy as the previous year.
Corporate Governance and Board Matters
The AGM agenda includes several important resolutions: adoption of audited financial statements, re-appointment of Mr. Sandeepkumar Vishwanath Agrawal as Managing Director, appointment of M/s. Supal Shah & Associates as new statutory auditors for a five-year term replacing M/s. Deora Maheshwari & Co., and appointment of two new directors - Mrs. Indu Shaktibhusan Shukla as Non-Executive Non-Independent Director and Mr. Mrugesh Arvindbhai Suthar as Independent Director for a five-year term.
The board maintained strong attendance with all directors present at all five meetings held during FY26. The company has constituted all mandatory committees including Audit, Nomination and Remuneration, Stakeholders' Relationship, and CSR committees. No material related party transactions or sexual harassment cases were reported during the year.
Operational and Subsidiary Details
The company maintains six subsidiaries: Cqub Infosystems Pvt Ltd, Airan Global Pvt Ltd, Airan Australia Pty Ltd, Airan Singapore Pvt Ltd, Airan UK Ltd, and Quadpro ITeS Ltd (56.98% owned). Operating lease payments decreased to ₹51.98 lakh from ₹72.40 lakh in the previous year, reflecting cost optimization efforts.
Regulatory Compliance and Voting Arrangements
The notice complies with SEBI Listing Regulations and Secretarial Standards. Remote e-voting will be conducted through NSDL from September 23-25, 2026, with M/s. SCS & Co LLP appointed as scrutinizer. Results will be disclosed within two working days post-AGM. The company maintained adequate CSR expenditure of ₹26.59 lakh against the required ₹26.40 lakh.