Board Meeting Details
The Board of Directors meeting was held on Saturday, 30th May, 2026, commencing at 4:00 PM and concluding at 6:00 PM.
Key Decisions Approved
1. Approved the Audited Standalone and Consolidated Financial Results for the 4th quarter and year ended 31st March, 2026, as recommended by the Audit Committee, along with the Audit Report, in compliance with Regulation 33
2. Re-appointment of M/s. Bhavani & Co, Chartered Accountants as Internal Auditors of the Company for the financial year 2026-2027
Financial Results Overview
Standalone Financial Position (as at 31 March 2026)
- Total Assets: ₹21,379.30 lakhs (Previous year: ₹17,004.56 lakhs)
- Equity Share Capital: ₹2,214.55 lakhs (Previous year: ₹1,476.37 lakhs)
- Other Equity: ₹13,558.00 lakhs (Previous year: ₹6,165.28 lakhs)
- Total Equity: ₹15,772.55 lakhs (Previous year: ₹7,641.65 lakhs)
- Non-current liabilities: ₹4,187.09 lakhs (Previous year: ₹8,755.78 lakhs)
- Current liabilities: ₹1,419.66 lakhs (Previous year: ₹607.13 lakhs)
Consolidated Financial Position (as at 31 March 2026)
- Total Assets: ₹27,995.22 lakhs (Previous year: ₹19,594.94 lakhs)
- Equity Share Capital: ₹2,214.55 lakhs (Previous year: ₹1,476.37 lakhs)
- Other Equity: ₹14,652.28 lakhs (Previous year: ₹7,646.33 lakhs)
- Total Equity: ₹16,866.83 lakhs (Previous year: ₹9,122.70 lakhs)
- Non-current liabilities: ₹4,253.29 lakhs (Previous year: ₹7,812.55 lakhs)
- Current liabilities: ₹6,875.10 lakhs (Previous year: ₹2,659.69 lakhs)
Standalone Performance (Year ended 31 March 2026)
- Total Income: ₹15,674.30 lakhs (Previous year: ₹6,481.17 lakhs)
- Profit Before Tax: ₹4,650.68 lakhs (Previous year: ₹1,643.79 lakhs)
- Profit After Tax: ₹2,157.51 lakhs (Previous year: ₹798.41 lakhs)
Consolidated Performance (Year ended 31 March 2026)
- Profit Before Tax: ₹4,650.68 lakhs (Previous year: ₹1,643.79 lakhs)
- Profit After Tax: ₹2,157.51 lakhs (Previous year: ₹798.41 lakhs)
Auditor Reports
Statutory Auditors M/s. Pavuluri & Co., Chartered Accountants (FRN: 012194S) issued unmodified opinions on both standalone and consolidated financial results for the quarter and year ended March 31, 2026.
Significant Events and Notes
1. Demerger Scheme: Pursuant to Scheme of Arrangement approved by Softsol India Limited on August 14, 2023, under Sections 230 to 232 of Companies Act, 2013, the IT/ITES business was demerged into Covance Softsol Limited. The Scheme was approved by NCLT and became effective from September 26, 2024, with Appointed Date being April 1, 2023.
2. Rights Issue: The Company issued 73,81,844 fully paid-up Equity Shares of face value of ₹10 each for cash at ₹10 per share, aggregating to ₹7,38,18,440 on rights basis to eligible equity shareholders in the ratio of one Equity Share for every two fully paid-up Equity Shares held. Record date was 29.08.2025 and shares were allotted on 22.09.2025. The entire proceeds were utilized towards repayment of dues to Softsol India Limited.
3. EPS Calculation: Earnings per share for quarter ended September 30, 2025 computed considering effect of rights issue. Previous periods restated for bonus element as per Ind AS 33.
4. Labour Codes: Government of India notified four Labour Codes effective November 21, 2025, requiring immediate recognition of past service cost in Statement of Profit and Loss as per Ind AS 19.
5. Segment Information: Company/Group has single business segment "IT/ITES" as per Ind AS 108.
6. Subsidiary: Consolidated financial results include results of wholly owned subsidiary "Softsol Resources, Inc. USA".
Cash Flow Statements
Standalone Cash Flows (Year ended 31 March 2026)
- Net cash from operating activities: ₹2,310.03 lakhs
- Net cash used in investing activities: ₹587.80 lakhs
- Net cash used in financing activities: ₹(3,093.49) lakhs
- Net increase in cash: ₹272.83 lakhs
- Cash and equivalents at end: ₹296.38 lakhs
Consolidated Cash Flows (Year ended 31 March 2026)
- Net cash from operating activities: ₹391.26 lakhs
- Net cash used in investing activities: ₹(2,409.61) lakhs
- Net cash from financing activities: ₹1,024.48 lakhs
- Net decrease in cash: ₹(993.87) lakhs
- Cash and equivalents at end: ₹955.57 lakhs