Board Meeting Details
The Board meeting commenced at 7:55 PM and concluded at 8:30 PM on August 12, 2026.
Financial Results Approval
The Board considered and approved the Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter ended June 30, 2026. The results were reviewed by the Audit Committee and Statutory Auditors.
Consolidated Financial Results (Q1 FY27)
- Total Income: ₹1,722.25 crore
- Profit Before Tax: ₹61.13 crore
- Tax Expense: ₹5.21 crore (Current tax: ₹8.54 crore, Deferred tax credit: ₹3.33 crore)
- Profit for the Period: ₹55.92 crore
- Earnings Per Share (after exceptional items): Basic ₹3.15, Diluted ₹3.15 (not annualized)
- Paid-up Equity Share Capital: ₹35.52 crore (face value ₹2 each)
Standalone Financial Results (Q1 FY27)
- Total Income: ₹93.81 crore
- Loss Before Tax: ₹2.46 crore
- Tax Credit: ₹0.06 crore
- Loss for the Period: ₹2.40 crore
- Loss Per Share: Basic ₹(0.14), Diluted ₹(0.14) (not annualized)
Exceptional Items (Consolidated)
Total exceptional expenses of ₹18.91 crore comprising:
- Severance expenses: ₹15.82 crore (BBX Inc. manpower rationalization)
- Foreclosure of leases: ₹3.09 crore (Holding Company and BBX)
Share Capital Reclassification
The Board approved reclassification of Authorised Share Capital and consequential alteration in the Capital Clause of the Memorandum of Association and Articles of Association, subject to shareholder approval at the ensuing AGM.
Existing Authorised Capital: ₹145 crore divided into:
- 22.5 crore Equity Shares of ₹2 each
- 50 lakh Cumulative/Non-Cumulative Redeemable Preference Shares of ₹100 each
- 50 lakh Convertible Preference Shares of ₹100 each
Proposed Authorised Capital: ₹145 crore divided into:
- 47.5 crore Equity Shares of ₹2 each
- 25 lakh Cumulative/Non-Cumulative Redeemable Preference Shares of ₹100 each
- 25 lakh Convertible Preference Shares of ₹100 each
Dividend Declaration
The Board recommended a final dividend of ₹1 per equity share (face value ₹2) for the year ended March 31, 2026, payable subject to shareholder approval at the 40th Annual General Meeting.
Record Date
Fixed Friday, August 28, 2026, as the Record Date for determining eligibility for the final dividend for FY 2025-26.
Annual General Meeting
The 40th Annual General Meeting will be held on Wednesday, September 16, 2026 at 11:00 AM (IST) through Video Conferencing.
Scrutinizer Appointment
M/s. S K Jain & Co., Practicing Company Secretaries appointed as Scrutinizer for conducting scrutiny of the remote e-voting process.
ESOP Allotment
The paid-up share capital increased from ₹35.50 crore (177,495,255 equity shares) to ₹35.52 crore (177,599,205 equity shares) due to allotment of 103,950 equity shares pursuant to ESOP Scheme, 2015 during the quarter.
FEMA Non-Compliance Issues
The Independent Auditor's report highlights delays in foreign exchange transactions:
Consolidated Level:
- Delayed import payments: ₹20.95 crore (as of June 30, 2026)
- Delayed export proceeds repatriation: ₹9.21 crore
- Other delayed receipts: ₹9.15 crore
Applications filed with AD Bank for extension/condonation:
- Payables: ₹11.56 crore during quarter, ₹0.99 crore post-quarter
- Receivables: ₹8.18 crore during quarter, ₹10.18 crore post-quarter
Standalone Level:
- Delayed import payments: ₹2.93 crore
- Delayed export proceeds: ₹6.67 crore
- Other delayed receipts: ₹8.93 crore
Applications filed with AD Bank for extension/condonation:
- Payables: ₹2.73 crore during quarter, ₹0.07 crore post-quarter
- Receivables: ₹6.67 crore during quarter, ₹8.93 crore post-quarter
Management believes no material penalties will be levied and no provisions have been made.
Business Acquisition
The Group acquired 100% equity interest in 2S Inovações Tecnológicas effective May 1, 2026 for total purchase consideration of ₹496.59 crore, including deferred consideration and earn-out. Purchase price allocation is provisional.
Labour Code Impact
The New Labour Codes implemented effective November 21, 2025 resulted in exceptional items of ₹5.55 crore (consolidated) and ₹3.41 crore (standalone) for past service costs in FY26.
Segment Performance
System Integration: Revenue ₹1,412.54 crore, Segment result ₹138.57 crore
Technology Product Solutions: Revenue ₹267.06 crore, Segment result (₹14.11) crore
Others: Revenue ₹38.90 crore, Segment result (₹11.12) crore