Key Financial Figures (FY 2025-26)

  • Revenue from Operations: ₹2,498.20 lakhs (Previous year: ₹2,199.90 lakhs)
  • Total Income: ₹2,549.79 lakhs (Previous year: ₹2,238.79 lakhs)
  • Total Expenses: ₹2,544.67 lakhs (Previous year: ₹2,031.53 lakhs)
  • Profit Before Tax: ₹5.13 lakhs (Previous year: ₹207.26 lakhs)
  • Profit After Tax: ₹5.13 lakhs (Previous year: ₹207.26 lakhs)
  • No dividend recommended for the financial year
  • Trade Receivables: ₹279.70 lakhs gross, with ₹106.28 lakhs provision for expected credit losses

53rd Annual General Meeting Details

Date: September 25, 2026

Time: 2:00 PM IST

Mode: Video Conferencing/Other Audio Visual Means

Record Date: September 18, 2026

Agenda Items

Ordinary Business

1. Adoption of Financial Statements: Audited Standalone Financial Statements for FY 2025-26 with Board's and Auditors' reports

2. Re-appointment of Director: Mr. Nikunj V Mange (DIN: 08489442) retires by rotation and seeks re-appointment

Special Business

3. Related Party Transaction Approval: Material transactions with Yashraj Research Foundation not exceeding ₹5 crores

  • YRF is a related party due to common control (Mrs. Deepali Bhanushali is Trustee of YRF and Promoter of Aspira)
  • Transactions involve pathology and diagnostic services to YRF's CSR projects
  • Aggregate value of previous transactions: ₹67.84 lakhs in FY 2025-26
  • Proposed transactions represent 22.72% of company's consolidated turnover

4. Re-designation of Executive Director: Mr. Nikunj Velji Mange (DIN: 08489442) from Executive Director to Managing Director

  • Tenure: 5 years from August 12, 2026 to August 11, 2031
  • Remuneration: Fixed ₹48 lakhs per annum
  • Background: Bachelor of Engineering in Computer Science, 12+ years software industry experience

5. Regularization of Executive Director: Mr. Vaibhav Odhekar (DIN: 05135001) appointment as Executive Director

  • Initially appointed as Additional Director on May 23, 2026, resigned July 25, 2026, reappointed August 12, 2026
  • Remuneration: Fixed ₹36 lakhs per annum + Performance incentive up to ₹36 lakhs per annum
  • Background: MBA from IIM Lucknow, 20+ years technology platform experience

Corporate Governance

Board Composition: 5 Directors (2 Executive, 3 Independent including 1 woman director)

Board Meetings: 4 meetings held during FY 2025-26

Key Committees: Audit Committee, Nomination & Remuneration Committee, Stakeholders Relationship Committee

Key Managerial Personnel:

  • Dr. Pankaj J. Shah (Managing Director & CEO) - resigned August 3, 2026
  • Mr. Balkrishna S. Talawadekar (CFO)
  • Ms. Krupali Shah (Company Secretary) - resigned March 8, 2026
  • Mrs. Neetu Maurya (Company Secretary) - appointed May 24, 2026

Auditors

Statutory Auditors: M/s. Sarda Soni Associates LLP (FRN: 117235W)

Audit Fees: ₹4.31 lakhs (including GST)

Secretarial Auditors: M/s. Nilesh A. Pradhan & Co., LLP

Internal Auditors: M/s. Vishal J. Bhanushali & Associates

Capital Structure

Equity Share Capital: ₹1,029.30 lakhs (10,293,000 shares of ₹10 each)

Promoter Holding: 18.39% as of March 31, 2026

Dematerialization Status: 99.53% shares in demat form

Related Party Transactions

All transactions during the year were in ordinary course of business at arm's length basis. Company has Related Party Transaction Policy available on website.

Other Significant Information

  • Business Acquisition: Acquired 100% business of associate Aspira DNA Diagnostics Gujarat LLP effective June 30, 2025
  • Green Initiative: Documents sent electronically to members with registered email addresses
  • RTA: MUFG Intime India Private Limited

Voting Information

Remote e-Voting Period: September 22, 2026 (9:00 AM) to September 24, 2026 (5:00 PM)

VC/OAVM Access: Available through NSDL e-Voting system