Document Dates

September 12, 2026 (Annual Report submission), September 7, 2026 (AGM notice), March 31, 2026 (Financial year end), August 31, 2026 (Financial statements date)

Key Financial Performance (Consolidated FY 2025-26)

  • Revenue from Operations: ₹6,928.06 crores (34.6% YoY growth from ₹5,146.67 Cr in FY25)
  • Sale of Services Domestic: ₹35.31 lakhs
  • Sale of Services Exports: ₹6,49,527.56 lakhs
  • Sale of Software Exports: ₹43,242.97 lakhs
  • Profit After Tax: ₹962.33 crores (35.5% YoY growth from ₹710.04 Cr in FY25)
  • Return on Equity: 9.19% (improved from 8.17% in FY25)
  • Return on Capital Employed: 13.53% (improved from 11.66% in FY25)
  • Earnings Per Share: ₹4.77 (improved from ₹3.52 in FY25)
  • Total Comprehensive Income: ₹1,881.75 crores (includes ₹914.21 Cr foreign currency translation reserve)

Cash Flow Statement

  • Cash Flow from Operating Activities: ₹58,386.09 lakhs
  • Taxes Paid: ₹48,121.18 lakhs
  • Net Cash Flow from Operating Activities: ₹10,264.91 lakhs
  • Cash Flow from Investing Activities: (₹57,610.23) lakhs
  • Intangibles under development: (₹29,116.20) lakhs
  • Capital Work in Progress: (₹28,493.88) lakhs
  • Cash Flow from Financing Activities: ₹73,556.18 lakhs
  • Increase in Foreign Currency Fluctuation Reserve: ₹74,822.48 lakhs
  • Cash and Cash Equivalents at year end: ₹1,41,550.57 lakhs

Business Divisions and Strategy

Four-Division Structure:

1. AdTech Core Business: Online Media Solutions (OMS) division and Compass platform

2. Services: Additional technology capability

3. Defence: Emerging strategic business launched in August 2025

4. NextGen: Longer-term technology opportunity

Brightcom Defence Division:

  • Focuses on UAV intelligence, autonomous systems, and real-time threat analytics
  • MaestroOS AI-powered intelligence platform for data processing and decision-making
  • UAV portfolio includes RAVEN, HELIX Series, THUNDERBOLT, TIBURON models
  • Applications include ISR, precision strike, disaster relief, and counter-UAS capabilities

Annual General Meeting Details

  • Date: September 29, 2026 at 11:00 AM IST
  • Mode: Video Conferencing/Other Audio-Visual Means
  • Key Agenda Items:
  • Adoption of audited standalone and consolidated financial statements
  • Appointment of M/s P R Chandra & Co as Statutory Auditors for 2026-27
  • Re-appointment of Mr. Raghunath Allamsetty as Executive Director
  • Amendment and ratification of earlier resolutions for equity share issues (2020-2022)
  • Discontinuation of CS Saurabh Poddar and appointment of CS P Sarada as Secretarial Auditor

Regulatory and Legal Matters

SEBI Proceedings:

  • Final order dated February 6, 2025 regarding impairment of assets
  • Interim order dated August 22, 2023 and confirmatory order dated February 28, 2024 regarding preferential allotment
  • Company has filed writ petitions challenging SEBI orders
  • Hon'ble High Court granted interim suspension of penalty recovery

Tax and Other Litigations:

  • Service tax disputes: ₹1,460.05 lakhs (2008-2011), ₹413.23 lakhs (2008-2011), ₹6,487.35 lakhs (2014-2017)
  • GST disputes: ₹3,287.09 lakhs (2017-2021)
  • Income tax disputes: ₹347.41 lakhs (AY2006-10), ₹2,081.31 lakhs (AY2010-14), ₹5,798.71 lakhs (AY2014-22)
  • Corporate Guarantee for Lycos Inc acquisition: USD 4 Million (₹3,786.00 lakhs)

Subsidiary Information

The consolidated financial statements include 17 subsidiaries across 24 countries, including:

  • Ybrant Media Acquisition Inc (USA)
  • Online Media Solutions Limited (Israel)
  • International Expressions Inc (USA)
  • Frontier Data Management Inc (USA)
  • Brightcom Defence Private Limited (India)
  • LIL Projects Private Limited (India, 99.98% owned)

Significant Assets and Investments

  • Property, Plant and Equipment: Gross Block ₹4,54,680.90 lakhs, Net Block ₹1,73,075.73 lakhs
  • Capital Work in Progress: ₹28,493.88 lakhs
  • Intangible Assets under development: ₹29,116.20 lakhs
  • Non-Current Investments: ₹62,683.51 lakhs (including investment in Vuchi Media Pvt Ltd: ₹16,886.81 lakhs)
  • Trade Receivables: ₹5,26,758.78 lakhs gross, ₹5,18,572.89 lakhs net

Auditor Qualifications

Statutory Auditors (P R Chandra & Co) issued qualified opinion with key observations including:

1. Opening and closing balances subject to change pending peer review audit as directed by SEBI

2. Reliance on foreign branch financial statements confirmed by US CPA without independent audit procedures

3. No impairment provision for investment in Ybrant Media Acquisition Inc despite negative net worth

4. No impairment provision for ₹1,688.68 crores investment in Vuchi Media Private Limited despite cancelled acquisition

5. Ongoing SEBI proceedings affecting financial statements

Corporate Governance and Shareholding

  • Board Composition: 7 directors including 2 executive and 5 independent directors
  • Promoter Holding: 18.38% (37,09,93,848 shares)
  • Public Holding: 68.31% (1,37,90,05,191 shares)
  • FII Holding: 1.28% (2,59,31,899 shares)
  • Dividend: No dividend declared for FY 2025-26, unpaid dividend of ₹339.14 lakhs pending

Key Ratios

  • Current Ratio: 6.71 (Previous: 7.00)
  • Return on Equity: 9.10% (Previous: 8.17%)
  • Trade Receivables Turnover: 1.52 times (Previous: 1.36 times)
  • Net Profit Ratio: 13.89% (Previous: 13.80%)
  • Return on Capital Employed: 13.53% (Previous: 11.66%)

Forward-Looking Statements

Company disclosed forward-looking information with appropriate disclaimers about risks and uncertainties. Focus areas include strengthening core business, building new capabilities, improving business quality, and maintaining global talent and technology capabilities.