Financial Results Overview
The Board of Directors at their meeting held on 25th May 2026 (commenced at 05:00 PM, concluded at 06:30 PM) approved the following:
Audited Financial Results for Half Year and Financial Year ended 31st March 2026 (in ₹ thousands):
Income Statement:
- Total Income from Operations: ₹239,631.35 for FY26 (Previous Year: ₹153,473.60)
- Expenses: ₹219,227.60 for FY26 (Previous Year: ₹134,898.13)
- Profit before tax: ₹13,700.55 for FY26 (Previous Year: ₹12,047.40)
- Tax expense: ₹5,728.87 (Current Tax) and ₹-2,259.51 (Deferred Tax) for FY26
- Net Profit: ₹10,231.19 for FY26 (Previous Year: ₹8,962.53)
Half Yearly Performance (31/03/2026):
- Income from Operations: ₹117,574.31
- Net Profit: ₹7,343.06
- EPS (Basic): ₹1.18 (Not Annualized)
Capital Structure:
- Paid-up equity share capital: ₹62,440.00 (Face Value of ₹10 each share)
- EPS (Basic - Annualized): ₹1.64 for FY26 (Previous Year: ₹1.44)
- EPS (Diluted - Annualized): ₹1.49 for FY26 (Previous Year: ₹1.37)
Balance Sheet and Cash Flow
- Statement of Assets and Liabilities as on 31st March 2026 presented
- Cash Flow Statement for FY26 shows:
- Net cash flow from operating activities: ₹12,523.52
- Net cash flow from investing activities: ₹154.58
- Net cash flow used in financing activities: ₹-10,749.88
- Cash and cash equivalents at end of year: ₹10,737.30
Auditor Appointments
1. Re-Appointment of Internal Auditor: Mr. Mahesh Babu Neerukattu, Partner at M/s. SPMB & Co. LLP (FRN: S000141), Chartered Accountants, as Internal Auditor for FY2026-27 based on Audit Committee recommendation.
- Profile: 12+ years expertise in Risk Advisory Services for manufacturing, airport, FMCG, IT, retail, hospitality, solar power, oil exploration & production, and infrastructure industries.
- Firm established in 2024 with offices in Chennai and Hyderabad.
2. Re-Appointment of Secretarial Auditor: M/s. R&A Associates, Company Secretaries, as Secretarial Auditor for FY2026-27 based on Audit Committee recommendation.
- Profile: Practicing Company Secretaries firm established in 1996, providing corporate and secretarial services across India and abroad with expertise in company law consultancy, valuation, insolvency matters and NCLT processes.
Audit Report Details
- Auditor: M/s. Dhanunjaya & Haranath, Chartered Accountants (FRN: 014288S)
- Opinion: Unmodified opinion on financial results
- Emphasis of Matter: Unbilled revenue aggregating to ₹210.15 lakhs (Previous Year: ₹44.23 lakhs) comprising subscription and SIM connectivity charges incurred on behalf of customers and technical service charges relating to installation support services for speed limiting and tracking devices. Recognition and recoverability involve management judgment and estimates.
Additional Notes
1. The company has only one business segment - dealing of Vehicle Speed Limiting Devices and Vehicle Location Tracking Devices
2. Results reviewed by Audit Committee and approved by Board on 25th May 2026
3. Financials prepared in accordance with Accounting Standard 25 and Companies Act, 2013
4. Corresponding period figures regrouped and rearranged for comparability