Board Meeting Outcomes

The Board of Directors of Edvenswa Enterprises Limited held a meeting on November 13, 2026, from 8:30 PM to 10:00 PM IST. The Board considered and approved the following items:

1. Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year ended September 30, 2026, along with the Limited Review Report

2. Fixation of remuneration to Mr. Sreenivasa Sreekanth Uppuluri, Managing Director of the Company, effective November 1, 2026, subject to approval of members in the ensuing Annual General Meeting

3. Statement on Deviation or Variation for proceeds of rights issue

4. Disclosure of Related Party Transactions (applicable for half-yearly filings) as detailed in XBRL submission

Standalone Financial Results (Quarter Ended September 30, 2026)

Financial Performance:

  • Revenue from Operations: ₹31.27 lakhs (compared to ₹107.45 lakhs in previous quarter and ₹48.70 lakhs in year-ago quarter)
  • Other Income: ₹5.27 lakhs
  • Total Revenue: ₹36.54 lakhs
  • Total Expenses: ₹30.96 lakhs
  • Profit Before Tax: ₹5.58 lakhs
  • Tax Expense: ₹3.80 lakhs (Income Tax - Earlier Years)
  • Profit After Tax: ₹1.78 lakhs
  • Earnings Per Share (Basic): ₹0.01
  • Earnings Per Share (Diluted): ₹0.01

Half-Year Performance (April-September 2026):

  • Revenue from Operations: ₹138.72 lakhs (compared to ₹214.20 lakhs in previous year)
  • Other Income: ₹30.41 lakhs
  • Total Revenue: ₹169.13 lakhs
  • Profit After Tax: ₹18.24 lakhs (compared to ₹39.85 lakhs in previous year)

Balance Sheet (Standalone as at September 30, 2026):

  • Total Assets: ₹11,040.09 lakhs
  • Property, Plant and Equipment: ₹23.60 lakhs
  • Intangible Assets under Development: ₹180.17 lakhs
  • Investments: ₹9,352.69 lakhs
  • Cash and Cash Equivalents: ₹853.54 lakhs
  • Equity Share Capital: ₹2,921.60 lakhs
  • Other Equity: ₹8,049.14 lakhs

Consolidated Financial Results (Quarter Ended September 30, 2026)

Financial Performance:

  • Revenue from Operations: ₹4,432.75 lakhs (compared to ₹3,624.03 lakhs in previous quarter and ₹2,996.84 lakhs in year-ago quarter)
  • Other Income: ₹6.11 lakhs
  • Total Revenue: ₹4,438.86 lakhs
  • Total Expenses: ₹4,431.75 lakhs
  • Profit Before Tax: ₹7.11 lakhs
  • Tax Expense: ₹3.80 lakhs
  • Profit After Tax: ₹3.31 lakhs
  • Other Comprehensive Income: ₹85.13 lakhs
  • Total Comprehensive Income: ₹88.44 lakhs
  • Earnings Per Share (Basic): ₹0.01
  • Earnings Per Share (Diluted): ₹0.01

Half-Year Performance (April-September 2026):

  • Revenue from Operations: ₹8,056.78 lakhs (compared to ₹7,039.66 lakhs in previous year)
  • Profit After Tax: ₹48.73 lakhs (compared to ₹620.31 lakhs in previous year)
  • Total Comprehensive Income: ₹130.36 lakhs

Consolidated Entities:

The consolidated results include: Edvenswa Tech Inc, USA (Wholly Owned Subsidiary); Seltosoft Inc., USA; OMNI Networks Inc. USA (Step Down Subsidiary); Strategemist Global Private Limited, India (Wholly Owned Subsidiary)

Balance Sheet (Consolidated as at September 30, 2026):

  • Total Assets: ₹15,503.01 lakhs
  • Property, Plant and Equipment: ₹343.10 lakhs
  • Intangible Assets: ₹4,115.10 lakhs
  • Intangible Assets under Development: ₹180.17 lakhs
  • Goodwill: ₹3,791.57 lakhs
  • Trade Receivables: ₹2,584.03 lakhs
  • Cash and Cash Equivalents: ₹1,121.33 lakhs
  • Equity Share Capital: ₹2,921.60 lakhs
  • Other Equity: ₹11,372.01 lakhs

Cash Flow Statements

Standalone Cash Flow (April-September 2026):

  • Net Cash Flow from Operating Activities: ₹80.34 lakhs
  • Net Cash Flow from Investing Activities: ₹(124.55) lakhs
  • Net Cash Flow from Financing Activities: ₹0.00 lakhs
  • Net decrease in Cash and Cash Equivalents: ₹(44.22) lakhs

Consolidated Cash Flow (April-September 2026):

  • Net Cash Flow from Operating Activities: ₹2,502.27 lakhs
  • Net Cash Flow from Investing Activities: ₹(2,753.61) lakhs
  • Net Cash Flow from Financing Activities: ₹112.27 lakhs
  • Net decrease in Cash and Cash Equivalents: ₹(139.07) lakhs

Rights Issue Proceeds Utilization

Statement of Deviation or Variation:

  • Mode of fundraising: Rights Issue
  • Date of fundraising: November 29, 2024 (date of allotment)
  • Amount raised: ₹2,669 lakhs
  • No deviation/variation in use of funds raised
  • Monitoring Agency: Not Applicable

Fund Utilization Details:

  • Product Purchase in Issuer Company: ₹920 lakhs allocated, ₹920 lakhs utilized
  • Investment in wholly owned Subsidiary Company for business expansion: ₹860 lakhs allocated, ₹860 lakhs utilized
  • New Business Acquisitions: ₹265 lakhs allocated, ₹0.00 utilized
  • General Corporate Expenses: ₹562 lakhs allocated, ₹457 lakhs utilized
  • Issue Related Expenses: ₹62 lakhs allocated, ₹62 lakhs utilized