Summary of Board Meeting Agenda Items

The Board of Directors of Cambridge Technology Enterprises Limited held a meeting on November 12, 2026, which commenced at 16:00 IST and concluded at 18:30 IST. The following items were considered and approved:

1. Un-Audited Financial Results (Standalone and Consolidated) for Q2 and H1 FY27

The Statutory Auditors, M/s. S B C & Co., Chartered Accountants, submitted a Limited Review Report with an unmodified conclusion.

Standalone Key Financials (Rupees in Lakhs):

  • Quarter Ended Sep-26: Revenue from Operations: ₹1,403.34; Profit Before Tax (before exceptional item): ₹167.33; Profit After Tax: ₹120.38; Total Comprehensive Income: ₹114.55.
  • Quarter Ended Jun-26: Revenue from Operations: ₹1,334.93; Loss Before Tax (before exceptional item): ₹188.80; Loss After Tax: ₹(158.24); Total Comprehensive Loss: ₹(181.01).
  • Half Year Ended Sep-26: Revenue from Operations: ₹2,738.27; Profit Before Tax (before exceptional item): ₹356.13; Profit/(Loss) After Tax: ₹(37.85); Total Comprehensive Income/(Loss): ₹(66.45).
  • Exceptional Item (H1): A loss of ₹292.22 lakhs was recognized on the divestment of the entire investment in RP Web Apps Private Limited.
  • Earnings Per Share (Basic & Diluted, not annualized): Q2 Sep-26: ₹0.61; Q2 Sep-25: ₹(0.14); H1 Sep-26: ₹(0.19); H1 Sep-25: ₹0.78.
  • Paid-up equity share capital remained unchanged at ₹1,963.10 lakhs.

Consolidated Key Financials (Rupees in Lakhs):

  • Quarter Ended Sep-26: Revenue from Operations: ₹4,492.60; Profit Before Tax (before exceptional item): ₹521.88; Profit After Tax (attributable to owners): ₹467.57; Total Comprehensive Income (attributable to owners): ₹529.60.
  • Quarter Ended Jun-26 (Restated): Revenue from Operations: ₹4,837.31; Profit Before Tax (before exceptional item): ₹762.38; Profit After Tax (attributable to owners): ₹415.58; Total Comprehensive Income (attributable to owners): ₹491.29.
  • Half Year Ended Sep-26: Revenue from Operations: ₹9,329.91; Profit Before Tax (before exceptional item): ₹1,284.26; Profit/(Loss) After Tax (attributable to owners): ₹883.15; Total Comprehensive Income (attributable to owners): ₹1,020.89.
  • Exceptional Item (H1): A loss of ₹301.18 lakhs was recognized on the divestment of the entire investment in RP Web Apps Private Limited. This item was restated from the Q1 results where it was incorrectly adjusted against equity.
  • Earnings Per Share (Basic & Diluted, not annualized): Q2 Sep-26: ₹2.38; Q2 Sep-25: ₹(2.65); H1 Sep-26: ₹4.50; H1 Sep-25: ₹(2.35).
  • Paid-up equity share capital remained unchanged at ₹1,963.10 lakhs.

The review report by S B C & Co. included an Emphasis of Matter regarding management's opinion that investments in subsidiaries have a realizable value not lower than their carrying value. An Other Matter was highlighted concerning the disposal of RP Web Apps Private Limited for a consideration of ₹6.09 lakhs, which was significantly below its audited net worth of ₹307.27 lakhs as of March 31, 2026, resulting in a recognized loss.

2. Assignment/Transfer of Loan Receivable from FA Software Services Private Limited

  • Borrower: FA Software Services Private Limited (Wholly-Owned Subsidiary).
  • Assignee: Aglow Financial Services Private Limited.
  • Outstanding Principal Assigned: ₹15,22,25,760 (Rupees Fifteen Crore Twenty-Two Lakh Twenty-Five Thousand Seven Hundred and Sixty only).
  • Consideration Received: ₹40,00,000 (Rupees Forty Lakh only).
  • Interest Accrued: Excluded from the assignment; the right to receive it remains with the company.
  • Member Approval: Obtained via a Special Resolution under Section 180(1)(a) of the Companies Act, 2013, at the AGM held on September 29, 2026.
  • Date of Completion: November 12, 2026.
  • Related Party Status: The assignee, Aglow Financial Services, is not related to the promoter/promoter group/group companies. The transaction is not a related party transaction.

3. Disinvestment of 100% Shareholding in FA Software Services Private Limited

  • Holding: 10,000 equity shares of ₹10 each (Face Value).
  • Impact: Upon completion, FA Software will cease to be a subsidiary.
  • Financial Contribution of Subsidiary (Last Financial Year):
  • Turnover: ₹214,919 (0.12% of total).
  • Net Worth: ₹-2,16,43,351 (-26.93% of total).
  • Buyer: AKIT IT Consulting Private Limited.
  • Consideration: Shares to be sold at par value, aggregating ₹1,00,000.
  • Agreement & Timeline: A Share Purchase Agreement (SPA) has not been executed yet. The transaction is expected to be completed within a mutually agreed period subject to regulatory requirements.
  • Related Party Status: The buyer is not related to the promoter/promoter group/group companies. The transaction is not a related party transaction.

Auditor's Review

Statutory Auditors, S B C & Co., issued an unmodified limited review report on both the standalone and consolidated unaudited financial results. The report included an emphasis of matter on the valuation of investments in subsidiaries and highlighted the loss on disposal of RP Web Apps Private Limited.

Compliance Officer

The submission was made by Priyanka Chugh, Company Secretary & Compliance Officer (M.No.: A17550).