Crizac Limited disclosed multiple outcomes from its Board of Directors meeting held on August 3, 2026, pursuant to Regulation 30 of SEBI Listing Regulations.

Financial Results

The Board approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026, along with Limited Review Reports from statutory auditors M/s. Singhi & Co.

Consolidated Financial Results (₹ in Lakhs):

  • Revenue from Operations: ₹20,121.32 (Q1 FY27) vs ₹20,953.53 (Q1 FY26)
  • Other Income: ₹721.79 (Q1 FY27) vs ₹767.02 (Q1 FY26)
  • Total Income: ₹20,843.11 (Q1 FY27) vs ₹21,720.55 (Q1 FY26)
  • Total Expenses: ₹14,359.20 (Q1 FY27) vs ₹15,506.85 (Q1 FY26)
  • Profit before Tax: ₹6,483.91 (Q1 FY27) vs ₹6,213.70 (Q1 FY26)
  • Net Profit after Tax: ₹4,516.56 (Q1 FY27) vs ₹4,581.25 (Q1 FY26)
  • Basic EPS: ₹2.58 (Q1 FY27) vs ₹2.62 (Q1 FY26)
  • Paid-up equity share capital: ₹3,499.65 lakhs (face value ₹2 per share)

Standalone Financial Results (₹ in Lakhs):

  • Revenue from Operations: ₹8,201.07 (Q1 FY27)
  • Other Income: ₹635.78 (Q1 FY27)
  • Total Income: ₹8,836.85 (Q1 FY27)
  • Total Expenses: ₹1,795.74 (Q1 FY27)
  • Profit before Tax: ₹7,041.11 (Q1 FY27)
  • Net Profit after Tax: ₹5,286.25 (Q1 FY27)
  • Basic EPS: ₹3.02 (Q1 FY27)
  • Paid-up equity share capital: ₹3,499.65 lakhs (face value ₹2 per share)

Management Changes

1. Chairperson Transition: Dr. Vikash Agarwal ceased as Chairperson effective closure of business hours on August 3, 2026, but continues as Executive Director & Managing Director.

2. New Chairman Appointment: Mr. Christopher Flood Nagle (DIN: 11838159) appointed as Additional Director (Non-Executive & Non-Independent) effective August 3, 2026, and as Chairman effective August 4, 2026. His appointment requires shareholder approval at the forthcoming AGM.

3. Independent Director Re-appointments:

  • Mr. Anuj Saraswat re-appointed for second term of 3 years from February 14, 2027 to February 13, 2030
  • Ms. Payal Bafna re-appointed for second term of 3 years from March 21, 2027 to March 20, 2030

Both subject to shareholder approval at forthcoming AGM.

4. Director Resignation: Ms. Pinky Agarwal (DIN: 03043682) resigned as Non-Executive Director effective closure of business hours on August 3, 2026, due to other professional commitments.

Senior Management Changes

1. CTO Change: Mr. Sibendu Roy ceased as Chief Technology Officer and SMP effective August 2, 2026, but continues as employee. Mr. Rituparno Sarkar appointed as new CTO and SMP effective August 3, 2026.

2. CMO Change: Ms. Salaria Zaheer ceased as Chief Marketing Officer and SMP effective August 2, 2026, but continues as employee. Mr. Nikhil Jain appointed as Chief Product and Marketing Officer and SMP effective August 3, 2026.

3. New Innovation Officer: Mr. Dishant Kharbanda appointed as Chief Innovation Officer and SMP effective August 3, 2026.

4. Organizational Restructuring: Position of Chief Business Officer removed from SMP definition effective August 2, 2026. Ms. Anindita Das consequently ceased to be recognized as SMP but continues as Chief Business Officer.

Corporate Governance Matters

1. 15th Annual General Meeting: Scheduled for September 11, 2026, through Video-Conferencing/Other Audio-Visual Means.

2. Cut-off Date: September 4, 2026 fixed as cut-off date for determining shareholder eligibility to cast electronic votes at AGM.

Financial and Operational Notes

1. Business Seasonality: International Student Recruitment business is seasonal, with quarterly results not representative of annual results.

2. Accounting Policy Change: Company changed depreciation method from WDV to SLM effective April 1, 2026, reducing depreciation expense by ₹125.20 lakhs for Q1 FY27.

3. Subsidiary Acquisition: Crizac Ltd UK entered agreement to acquire 100% equity of Inova Consultancy Limited for £742,378, expected completion by October 15, 2026.

4. Subsidiary Performance: Consolidated results include subsidiaries with total revenues of ₹18,610.18 lakhs and net loss of ₹(-)431.47 lakhs for two reviewed subsidiaries, and revenues of ₹265.63 lakhs with net loss of ₹(-)196.57 lakhs for two unreviewed subsidiaries.

Meeting Details

The Board meeting commenced at 12:15 PM and concluded at 1:15 PM on August 3, 2026.