Nature of the Disclosure

This is a regulatory filing comprising two letters submitted to the BSE Listing Compliance Department. The primary disclosure is the submission of a corrected Cash Flow Statement for the half year ended September 30, 2026 (H1 FY27), rectifying an error in the initial filing. The filing also communicates the outcome of the Board of Directors meeting held on October 23, 2026.

Details of the Correction

  • The unaudited financial results for the quarter and half year ended September 30, 2026, were initially submitted to the exchange on October 23, 2026.
  • The figures in the originally filed Cash Flow Statement were inadvertently for the quarter ended September 30, 2026, instead of the required half year period.
  • The company submitted the correct Cash Flow Statement for the half year ended September 30, 2026, on October 24, 2026.
  • The correction is isolated to the Cash Flow Statement; all other figures and documents (Unaudited Financial Results, Statement of Assets and Liabilities, Limited Review Report) remain unchanged.

Outcome of the Board Meeting (October 23, 2026)

The meeting of the Board of Directors commenced at 11:30 AM and concluded at 5:30 PM. The Board discussed and approved the following items:

  • The Un-audited Financial Results of the Company for the quarter and half year ended September 30, 2026.
  • The Statement of Assets and Liabilities and the (original) Cash Flow Statement for the half year ended September 30, 2026.
  • The Board noted the Limited Review Report of the Statutory Auditors, M/s. RSM & Associates, on the aforementioned financial results.

The approval was given pursuant to Regulations 29, 30, and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Un-Audited Financial Results (H1 FY27 vs. H1 FY26)

(All figures in ₹ Lakhs)

Income Statement Highlights

  • Total Income: ₹435.43 (H1 FY27) vs. ₹648.04 (H1 FY26), a decrease of 32.8%.
  • Income from Operations: ₹416.16 vs. ₹549.15, a decrease of 24.2%.
  • Other Income: ₹19.27 vs. ₹98.89, a decrease of 80.5%.
  • Total Expenditure: ₹542.60 vs. ₹563.17.
  • Work Execution expenses: ₹215.77 vs. ₹226.01.
  • Employee Benefits Expense: ₹261.06 vs. ₹209.27, an increase of 24.8%.
  • Profit / (loss) before tax: (₹107.17) loss vs. ₹84.87 profit.
  • Net Profit / (loss) for the period: (₹109.32) loss vs. ₹72.97 profit.
  • Extra Ordinary Items: ₹153.38 (classified to P&L in H1 FY27).
  • Total Comprehensive Income for the period: ₹44.39 vs. ₹70.01.

Earnings Per Share (EPS)

  • Basic EPS (H1 FY27): ₹0.20 (Not Annualized)
  • Diluted EPS (H1 FY27): ₹0.20 (Not Annualized)

Quarter-on-Quarter Performance (Q2 FY27 vs. Q1 FY27)

  • Total Income: ₹230.69 (Q2) vs. ₹204.74 (Q1).
  • Net Profit / (loss): ₹36.98 profit (Q2) vs. (₹146.30) loss (Q1).

Statement of Assets & Liabilities (as of September 30, 2026)

(All figures in ₹ Lakhs)

Assets

  • Total Assets: ₹2,641.72 (vs. ₹2,682.32 as of March 31, 2026)
  • Non-Current Assets: ₹508.47
  • Property, Plant and Equipment: ₹50.84
  • Intangible Asset Under Development: ₹457.63 (unchanged from previous period)
  • Current Assets: ₹2,133.25
  • Trade receivables: ₹499.76
  • Cash and cash equivalents: ₹12.61
  • Other bank balances: ₹682.54
  • Loans and advances: ₹690.91

Equity and Liabilities

  • Equity: ₹2,388.10
  • Paid-up Equity Share Capital (Face Value ₹10): ₹2,186.56 (21,865,600 shares)
  • Other Equity: ₹201.55 (vs. ₹157.16 as of March 31, 2026)
  • Total Liabilities: ₹253.62
  • Non-Current Liabilities: ₹48.07 (Borrowings: ₹36.29)
  • Current Liabilities: ₹205.54 (Trade Payables: ₹107.37)

Corrected Cash Flow Statement (H1 FY27)

(All figures in ₹ Lakhs)

  • Net Cash from operating activities (A): (₹49.31)
  • Net Cash used in Investing Activities (B): ₹3.94
  • Net Cash from Financing Activities (C): ₹31.30
  • Net Increase/(Decrease) in cash and cash equivalents (A+B+C): (₹14.30)
  • Cash and cash equivalents at the beginning of the period: ₹709.45
  • Cash and cash equivalents at the end of the period: ₹695.15

Notes to the Financial Results

1. The results were reviewed by the Audit Committee and approved by the Board on October 23, 2026.

2. The Statutory Auditors, M/s. RSM & Associates, have carried out a limited review as required under SEBI LODR Regulation 33.

3. The results are prepared in accordance with Indian Accounting Standards (Ind AS).

4. The company operates in a single segment: IT-enabled services.

5. Previous period figures have been regrouped and recast for comparability.