Financial Results - Consolidated (Amounts in ₹ Lakhs)

Quarterly Performance (Q2 FY2026):

  • Revenue from Operations: ₹163.93
  • Other Income: ₹5.50
  • Total Revenue: ₹169.43
  • Total Expenses: ₹203.33
  • Loss Before Tax: ₹(33.89)
  • Tax Expense: ₹0.78 (Current Tax: ₹1.59, Deferred Tax: ₹-0.81)
  • Net Loss for the Quarter: ₹(34.67)
  • Other Comprehensive Income: ₹0.00
  • Total Comprehensive Income: ₹(34.67)
  • Basic and Diluted EPS: ₹(0.07)

Half-Yearly Performance (H1 FY2026):

  • Revenue from Operations: ₹440.39
  • Other Income: ₹12.58
  • Total Revenue: ₹452.97
  • Total Expenses: ₹478.64
  • Loss Before Tax: ₹(25.66)
  • Tax Expense: ₹3.81 (Current Tax: ₹1.59, Deferred Tax: ₹2.22)
  • Net Loss for the Period: ₹(29.47)
  • Other Comprehensive Income: ₹0.00
  • Total Comprehensive Income: ₹(29.47)
  • Basic and Diluted EPS: ₹(0.06)

Comparative Figures (Q2 FY2025):

  • Revenue from Operations: ₹561.43
  • Other Income: ₹21.18
  • Total Revenue: ₹582.61
  • Total Expenses: ₹572.97
  • Profit Before Tax: ₹9.64
  • Tax Expense: ₹0.10 (Current Tax only)
  • Net Profit for the Quarter: ₹9.54
  • Other Comprehensive Income: ₹(1.51)
  • Total Comprehensive Income: ₹8.03
  • Basic and Diluted EPS: ₹0.02

Consolidated Balance Sheet (as of September 30, 2026)

  • Total Assets: ₹2,975.78 Lakhs
  • Non-Current Assets: ₹2,610.39 Lakhs (including Property, Plant & Equipment: ₹54.08 Lakhs, Intangible Assets under Construction: ₹156.26 Lakhs, Goodwill: ₹1,896.38 Lakhs, Right of Use Assets: ₹208.04 Lakhs)
  • Current Assets: ₹365.39 Lakhs (including Cash and Cash Equivalents: ₹100.55 Lakhs)
  • Total Equity and Liabilities: ₹2,975.78 Lakhs
  • Equity: ₹2,610.93 Lakhs (Equity Share Capital: ₹2,616.95 Lakhs, Other Equity: ₹(6.02) Lakhs)
  • Non-Current Liabilities: ₹85.07 Lakhs
  • Current Liabilities: ₹279.77 Lakhs

Consolidated Cash Flow Statement (H1 FY2026)

  • Net Cash Used in Operating Activities: ₹(60.82) Lakhs
  • Net Cash Used in Investing Activities: ₹(132.49) Lakhs
  • Net Cash Generated from Financing Activities: ₹30.72 Lakhs
  • Net Decrease in Cash and Cash Equivalents: ₹(162.60) Lakhs
  • Cash and Cash Equivalents at Beginning: ₹263.15 Lakhs
  • Cash and Cash Equivalents at End: ₹100.55 Lakhs

Financial Results - Standalone (Amounts in ₹ Lakhs)

Quarterly Performance (Q2 FY2026):

  • Revenue from Operations: ₹58.00
  • Other Income: ₹10.07
  • Total Revenue: ₹68.07
  • Total Expenses: ₹124.10
  • Loss Before Tax: ₹(56.03)
  • Tax Expense: ₹0.85 (Current Tax: ₹1.59, Deferred Tax: ₹-0.74)
  • Net Loss for the Quarter: ₹(56.88)
  • Total Comprehensive Income: ₹(56.88)
  • Basic and Diluted EPS: ₹(0.11)

Half-Yearly Performance (H1 FY2026):

  • Revenue from Operations: ₹163.00
  • Other Income: ₹21.01
  • Total Revenue: ₹184.01
  • Total Expenses: ₹240.95
  • Loss Before Tax: ₹(56.94)
  • Tax Expense: ₹(0.47) (Current Tax: ₹1.59, Deferred Tax: ₹-2.06)
  • Net Loss for the Period: ₹(56.47)
  • Total Comprehensive Income: ₹(56.47)
  • Basic and Diluted EPS: ₹(0.11)

Audit Review and Qualifications

The statutory auditors, R.S. Prabhu & Associates, issued a qualified limited review report for both standalone and consolidated financial results.

Basis for Qualified Conclusion - Consolidated:

1. The consolidation resulted in recognition of Goodwill of ₹18,96,36,548. The company has not been doing any business and the goodwill recognized at the time of consolidation has not been tested for impairment as of September 30, 2026.

2. The company continues to recognize minimum alternative tax (MAT) paid in previous years amounting to ₹35,37,792 as an asset, which the auditors believe is not prudent considering the history of losses and overall financial position.

Basis for Qualified Conclusion - Standalone:

1. The company continues to recognize MAT credit of ₹35.37 lakhs as an asset.

2. The company has recognized Deferred Tax Assets of ₹2.06 lakhs during the half year ended September 2026.

The auditors state these recognitions are not in consonance with the Guidance Note on accounting for MAT credit and IND AS 12 - Income Taxes.

Reverse Merger Accounting

The consolidated financial results include the results of fully owned subsidiary Futech Internet Private Limited, acquired through a Share Swap Arrangement dated March 13, 2025, with effective share allotment on June 11, 2025. This resulted in a reverse merger situation as explained in IND AS 103 - Business Combination.

As required by IND AS 103:

  • Consolidated figures contain complete figures of Futech Internet Pvt Ltd (Accounting Acquirer) and figures from the date of acquisition for Anka India Ltd (Accounting Acquiree)
  • Comparative figures contain only figures from Futech Internet Pvt Ltd's books

The subsidiary's interim financial results were reviewed by Siddharth Bakhru & Associates, Chartered Accountants, who provided an unmodified opinion limited review report dated October 27, 2026.

Additional Information

  • The company operates in only one segment
  • Previous year figures have been regrouped/rearranged where required
  • Copies of the financials are available at www.ankaindia.com
  • The results were reviewed by the audit committee and approved by the Board of Directors