Key Decisions and Approvals

The Board of Directors of Duke Offshore Limited at its meeting held on Saturday, 30th May, 2026 (commencing at 11:00 AM and concluding at 03:55 PM) approved:

1. Audited standalone financial results for the quarter and year ended March 31, 2026, together with Auditor's report

2. Declaration pursuant to regulation 33(3)(d) of SEBI LODR Regulations, 2015

3. Appointment of internal auditor for FY 2026-27

Financial Results Summary (Standalone)

Income Statement Highlights (₹ in Lakhs)

For Year Ended March 31, 2026:

  • Total Income: ₹104.17
  • EBITDA: ₹1.67
  • Depreciation & Amortization: ₹51.34
  • Profit Before Tax: ₹(64.82)
  • Profit After Tax: ₹(63.96)
  • EPS: ₹(0.66)

For Quarter Ended March 31, 2026:

  • Total Income: ₹29.39
  • EBITDA: ₹(0.32)
  • Depreciation & Amortization: ₹10.04
  • Profit Before Tax: ₹(66.72)
  • Profit After Tax: ₹(65.86)
  • EPS: ₹(0.68)

Comparative Figures (Year Ended March 31, 2025):

  • Total Income: ₹95.63
  • Profit Before Tax: ₹(219.77)
  • Profit After Tax: ₹(224.35)
  • EPS: ₹(2.23)

Balance Sheet Position as at March 31, 2026 (₹ in Lakhs)

  • Total Assets: ₹472.52
  • Equity Share Capital: ₹990.69
  • Other Equity: ₹(571.42)
  • Total Equity: ₹419.27
  • Non-Current Liabilities: ₹19.46
  • Current Liabilities: ₹33.79

Cash Flow Statement for Year Ended March 31, 2026 (₹ in Lakhs)

  • Net Cash from Operating Activities: ₹(15.80)
  • Net Cash from Investing Activities: ₹50.38
  • Net Cash from Financing Activities: ₹(23.04)
  • Net Increase in Cash: ₹11.54
  • Cash and Cash Equivalents at Year End: ₹18.25

Related Party Transactions

Disclosed transactions for the year ended March 31, 2026:

  • Avik George Duke (Managing Director): Remuneration of ₹63,28,339; Loan liability of ₹25,19,398; Receivable of ₹2,95,314
  • Venkatesham Gangadhar (CFO): Salary of ₹5,28,300
  • Pranay Mehta (Independent Director): Sitting fees of ₹30,000

Important Notes

1. The company operates in a single segment - offshore business

2. Figures for previous periods have been regrouped/reclassified where necessary

3. Quarterly results for March 31, 2026 are derived figures between audited full-year figures and published year-to-date figures up to December 31, 2025

4. The company is monitoring the implementation of four consolidated labour codes effective from November 21, 2025, and will account for any financial impact when final rules are notified