Company Overview

Key Financial Figures (₹ in thousands, except per share data)

Income Statement Highlights:

  • Revenue from Operations: ₹23,963.14 (56.14% increase from FY25 ₹15,347.36)
  • Other Income: ₹629.34
  • Total Income: ₹24,026.07
  • Total Expenses: ₹22,656.01
  • Profit Before Finance Cost: ₹2,103.31
  • Finance Cost: ₹733.25
  • Profit Before Tax: ₹1,370.06
  • Current Tax: ₹572.89
  • Deferred Tax Liability: ₹(225.95)
  • Profit After Tax: ₹1,023.12 (14.15% increase from FY25 ₹896.26)
  • Basic EPS: ₹1.64 (FY25: ₹1.44)
  • Diluted EPS: ₹1.49 (FY25: ₹1.37)

Balance Sheet Highlights (as of March 31, 2026):

  • Share Capital: ₹624.40 (62,44,000 equity shares of ₹10 each)
  • Reserves & Surplus: ₹519.97
  • Money received against share warrants: ₹5,267.50
  • Long-term Borrowings: ₹384.01
  • Short-term Borrowings: ₹535.06
  • Trade Payables: ₹983.94
  • Property, Plant and Equipment: ₹283.15
  • Inventories: ₹1,073.85
  • Trade Receivables: ₹1,842.40
  • Cash & Cash Equivalents: ₹107.37
  • Unbilled Revenue: ₹254.38 (significant increase from FY25 ₹44.23)

Operational and Strategic Highlights

Business Performance:

  • Company achieved 1.56x increase in sales turnover
  • Focused on cloud-native Intelligent Traffic Management System (ITMS) platform
  • Implementing end-to-end workflow automation and self-service software
  • Installed state-of-the-art Surface-Mount Technology (SMT) Line for in-house PCB manufacturing
  • Developing Production Automation testing tools for quality assurance

Client Empanelments:

  • Successfully empaneled with industry-leading OEMs including Volvo, Olectra, and Hyundai
  • Providing AIS 140-compliant Vehicle Location Tracking Devices (VLT)
  • Devices offer real-time data transmission, driver behavior analytics, and OTA firmware updates

Export Performance:

  • Export earnings of ₹27.83 lakhs from order from Rontom Automotive Limited, UK
  • Demonstrating global expansion capabilities

Corporate Governance

Board of Directors:

  • Mr. Anand Kumar Seethala (Managing Director, DIN: 01575973)
  • Mrs. Botcha Bhavani (Whole-time Director, DIN: 02299110) - retiring by rotation, seeking reappointment
  • Mrs. Vijayakumari Botcha (Non-Executive Director, DIN: 09475695)
  • Mr. Sunmeet Singh (Non-Executive Independent Director, DIN: 09475107)
  • Mr. Madhi Doraiswamy (Non-Executive Independent Director, DIN: 09475483)

Key Managerial Personnel:

  • Mrs. Nikitha Sarda (Company Secretary and Compliance Officer)
  • Mr. Janardhan Mandala (Chief Financial Officer)

Board Meetings:

  • 5 Board meetings held during FY 2025-26
  • All directors attended all meetings

Committee Composition:

Audit Committee: Mr. Sunmeet Singh (Chairperson), Mr. Madhi Doraiswamy, Mrs. Vijayakumari Botcha

Nomination & Remuneration Committee: Mr. Madhi Doraiswamy (Chairperson), Mr. Sunmeet Singh, Mrs. Vijayakumari Botcha

Stakeholders Relationship Committee: Mr. Sunmeet Singh (Chairperson), Mr. Madhi Doraiswamy, Mr. Anand Kumar Seethala

AGM Details

Date and Time:

Wednesday, 30th September 2026 at 11:00 A.M.

Venue:

Registered Office at H. No. 3-13-142/ 341P, 342, Gokul Nagar, Marriguda, Mallapur, Secunderabad, Hyderabad – 500076, Telangana, India

Business to be Transacted:

Ordinary Business:

1. To receive, consider and adopt the Financial Statements for FY 2025-26 and Reports of Board of Directors and Auditors

2. To appoint Mrs. Botcha Bhavani (DIN: 02299110) as Director who retires by rotation

Book Closure Dates:

24th September 2026 to 30th September 2026 (both days inclusive)

E-Voting Period:

27th September 2026 (9:00 A.M.) to 29th September 2026 (5:00 P.M.)

Dividend and Reserves

  • No dividend declared for FY 2025-26
  • Profits retained for reinvestment in growth opportunities
  • ₹102.31 lakhs transferred to Reserves & Surplus

Capital Structure

  • Authorized Share Capital: ₹1,000.00 lakhs (1,00,00,000 equity shares of ₹10 each)
  • Issued Share Capital: ₹624.40 lakhs (62,44,000 equity shares of ₹10 each)
  • Paid-up Share Capital: ₹624.40 lakhs (62,44,000 equity shares of ₹10 each)
  • No change in capital structure during the year

Share Warrants:

  • 24,50,000 equity share warrants issued on preferential basis in FY 2024-25 at ₹86 per warrant
  • ₹526.75 lakhs received as 25% of issue price
  • Warrant holders can convert to equity shares by 10th April 2026
  • No warrants converted during FY 2025-26

Statutory Auditors:

M/s. Dhanunjaya & Haranath, Chartered Accountants

  • No qualifications, reservations or adverse remarks in audit report
  • Key audit matters: Trade receivables and inventories

Secretarial Auditors:

M/s. R&A Associates, Company Secretaries

  • No qualifications, reservations or adverse remarks

Internal Auditors:

Mr. Mahesh Babu Neerukattu, Partner at M/s. SPMB and Company LLP, Chartered Accountants

Related Party Transactions

All related party transactions conducted at arm's length basis. Significant transactions include:

  • Unsecured loans from Managing Director and Whole-time Director
  • Purchases from Esenteco Solar Power Solutions India Private Limited (entity where director exercises significant influence)

Risk Factors

Identified risks include:

  • Delays in implementation by State Governments
  • Rapid technological changes requiring continuous investment
  • Working capital strain due to performance Bank Guarantees
  • Extended payment cycles from clients/State Governments
  • Ongoing R&D and testing expenses

Foreign Exchange

  • Export Earnings: ₹27.83 lakhs (FY25: ₹0.15 lakhs)
  • Import Expenditure: Nil
  • 100% indigenous material consumption

Contingent Liabilities

Bank Guarantees totaling ₹295.50 lakhs furnished to various government authorities, primarily secured by fixed deposits

Compliance Status

  • No material orders passed by regulators/courts
  • No frauds reported by auditors
  • No deposits accepted under Chapter V of Companies Act
  • No CSR obligation as criteria not met

Important Dates

  • AGM Date: September 30, 2026
  • Book Closure: September 24-30, 2026
  • E-Voting Period: September 27-29, 2026
  • Cut-off Date for Voting: September 23, 2026