Board Meeting Details

The Board of Directors meeting commenced at 02:30 PM and concluded at 06:00 PM on 13th November 2026. The Board considered and approved the following items:

  • Unaudited Financial Results (Standalone & Consolidated) for the quarter and half year ended 30th September 2026
  • Statement of Assets and Liabilities as on 30th September 2026
  • Cash Flow Statement for the half year ended 30th September 2026
  • Limited Review Reports on the Unaudited Financial Results (Standalone & Consolidated) issued by the Statutory Auditors, M/s SRB & Associates, Chartered Accountants

Consolidated Financial Performance (Amount in ₹ Lakh)

Quarter Ended September 30, 2026:

  • Revenue from Operations: 4,226.97
  • Other Income: 76.63
  • Total Income: 4,303.60
  • Total Expenses: 5,688.75
  • Profit Before Tax: (1,385.15)
  • Tax Expenses: (364.92)
  • Profit for the Period: (1,020.23)
  • Total Comprehensive Income: (1,051.75)
  • Basic & Diluted EPS (₹): (2.65)

Half Year Ended September 30, 2026:

  • Revenue from Operations: 8,497.23
  • Other Income: 131.05
  • Total Income: 8,628.28
  • Total Expenses: 11,088.40
  • Profit Before Tax: (2,460.12)
  • Tax Expenses: (611.80)
  • Profit for the Period: (1,848.32)
  • Total Comprehensive Income: (1,889.73)
  • Basic & Diluted EPS (₹): (4.12)

Comparative Performance

Quarterly Comparison (Q2 FY27 vs Q2 FY26):

  • Revenue declined 35.6% from 6,565.65 to 4,226.97
  • Profit turned negative from 1,338.77 to (1,020.23)
  • EPS declined from 3.44 to (2.65)

Half-Yearly Comparison (H1 FY27 vs H1 FY26):

  • Revenue declined 15.8% from 10,088.91 to 8,497.23
  • Profit turned negative from 604.01 to (1,848.32)
  • EPS declined from 1.49 to (4.12)

Consolidated Balance Sheet (As at 30th September 2026)

  • Total Assets: 31,858.49
  • Non-Current Assets: 12,312.11
  • Current Assets: 19,531.33
  • Total Equity: 22,770.46
  • Non-Current Liabilities: 2,372.37
  • Current Liabilities: 6,659.66

Consolidated Cash Flow Statement (Half Year Ended September 30, 2026)

  • Net cash used in Operating Activities: (7,096.77)
  • Net cash used in Investing Activities: (2,951.40)
  • Net cash from Financing Activities: 11,525.95
  • Net Increase in Cash and Cash Equivalents: 1,477.78

Standalone Financial Performance (Amount in ₹ Lakh)

Quarter Ended September 30, 2026:

  • Revenue from Operations: 3,763.70
  • Other Income: 115.85
  • Total Income: 3,879.55
  • Total Expenses: 5,522.33
  • Profit Before Tax: (1,642.78)
  • Tax Expenses: (410.56)
  • Profit for the Period: (1,232.22)
  • Total Comprehensive Income: (1,260.71)
  • Basic & Diluted EPS (₹): (3.19)

Half Year Ended September 30, 2026:

  • Revenue from Operations: 7,789.99
  • Other Income: 190.46
  • Total Income: 7,980.45
  • Total Expenses: 10,658.81
  • Profit Before Tax: (2,678.36)
  • Tax Expenses: (668.33)
  • Profit for the Period: (2,010.03)
  • Total Comprehensive Income: (2,038.52)
  • Basic & Diluted EPS (₹): (5.20)

IPO Completion and Impact

  • The company completed its Initial Public Offering (IPO) in the quarter ended June 30, 2026
  • Issued 1,29,01,000 equity shares of face value ₹10 each at an issue price of ₹113 per share
  • Total proceeds: ₹14,578.13 lakhs (₹1,290.10 lakhs equity share capital + ₹13,288.03 lakhs securities premium)
  • Equity shares allotted on June 30, 2026 and listed on NSE and BSE on July 02, 2026
  • IPO-related issue expenses: ₹16.58 crore (against ₹17 crore disclosed in prospectus)
  • Adjustment of expenses against Securities Premium Account deferred due to non-submission of certain supporting bills
  • Additional equity shares considered in EPS computation from date of allotment (June 30, 2026)

Strategic Product Development

  • Company investing heavily in proprietary technology capabilities
  • Investment of ₹2,007.24 lakh made in Intangible Assets Under Development during H1 FY27
  • Total Intangible Assets Under Development: ₹3,032.25 lakh as at September 30, 2026
  • Key products under development:
  • Al Foundry: AI and ML development framework
  • Plantrix: AI-enabled project planning and delivery platform
  • Dynamic Framework: Low-code/no-code rapid application development
  • E-Sign Engine: Digital signing and verification platform
  • Aadhar Data Vault: Secure Aadhaar data management
  • Tendrils ERP: Integrated ERP platform
  • Development expenditure capitalized only when Ind AS 38 criteria satisfied

Subsidiary Information

Foreign Subsidiaries (5 entities):

  • Q2 FY27: Revenue ₹342.66 lakh, Net Profit ₹85.69 lakh
  • H1 FY27: Revenue ₹470.91 lakh, Net Profit ₹6.17 lakh
  • Total Assets as at Sep 30, 2026: ₹842.44 lakh
  • Net Cash Flow: (₹41.24) lakh outflow

Indian Subsidiary (Kwantify Solutions Private Limited):

  • Q2 FY27: Revenue ₹425.87 lakh, Net Profit ₹127.30 lakh
  • H1 FY27: Revenue ₹704.45 lakh, Net Profit ₹152.28 lakh
  • Total Assets as at Sep 30, 2026: ₹969.95 lakh
  • Net Cash Flow: (₹111.39) lakh outflow

Dividend Declarations

  • Interim dividend for FY 2025-26: ₹0.60 per equity share (declared April 14, 2026)
  • Cash outflow: approximately ₹232.21 lakh during FY 2026-27
  • Final dividend for FY 2025-26: ₹0.50 per equity share (recommended July 20, 2026, approved September 29, 2026)
  • Expected cash outflow: approximately ₹258.02 lakh during FY 2026-27

Auditor's Review

  • Limited review conducted by SRB & Associates, Chartered Accountants
  • Review performed in accordance with SRE 2410
  • No material misstatements identified in the financial results
  • Financial results prepared in accordance with Ind AS 34