Board Meeting Details

The Board of Directors meeting was held on 28 May 2026, commencing at 07:30 PM (IST) and concluding at 8:40 PM (IST).

Key Decisions Approved

1. Audited Financial Results (Standalone and Consolidated) for the quarter/year ended March 31, 2026

2. Appointment of M/s ERR & Associates as internal auditor of the Company for the financial year 2026-2027, subject to recommendation of Audit Committee at their meeting held on May 28, 2026

3. Declaration pursuant to Regulation 33(3)(d) of SEBI (LODR) Regulations, 2015, confirming audited reports with unmodified opinion

Internal Auditor Appointment Details

  • Name: M/s ERR & Associates
  • Firm Type: Chartered Accountants firm registered with ICAI
  • Office Location: Hyderabad
  • FRN Number: 017078S
  • Key Personnel: Mr. Rajeshwar Reddy, member with experience in Accounts, Audit and Policy Making
  • Date of Appointment: 28-05-2026
  • Relationships Disclosure: NA

Standalone Financial Results (Quarter Ended March 31, 2026)

Revenue Performance

  • Revenue from Operations: ₹28.89 lakh
  • Other Income: ₹32.24 lakh
  • Total Revenue: ₹61.13 lakh

Expenses Breakdown

  • Employee Benefits Expense: ₹7.77 lakh
  • Finance Cost: ₹0.04 lakh
  • Depreciation and Amortisation Expense: ₹1.29 lakh
  • Other Expenses: ₹8.76 lakh
  • Total Expenses: ₹17.87 lakh

Profitability Metrics

  • Profit Before Tax: ₹43.26 lakh
  • Tax Expense: ₹9.53 lakh (Current Tax: ₹9.53 lakh, Income Tax - Earlier Years: -₹0.28 lakh)
  • Profit After Tax: ₹34.02 lakh
  • Other Comprehensive Income: -₹4.75 lakh
  • Total Comprehensive Income: ₹29.27 lakh

Capital Structure

  • Paid-up Share Capital: ₹2921.60 lakh
  • Face Value per Share: ₹10.00
  • Total Reserves: ₹8030.90 lakh

Earnings Per Share (Annualized)

  • Basic EPS: ₹0.12
  • Diluted EPS: ₹0.12

Standalone Financial Results (Year Ended March 31, 2026)

Revenue Performance

  • Revenue from Operations: ₹204.94 lakh
  • Other Income: ₹45.34 lakh
  • Total Revenue: ₹250.28 lakh

Expenses Breakdown

  • Employee Benefits Expense: ₹28.52 lakh
  • Finance Cost: ₹0.02 lakh
  • Depreciation and Amortisation Expense: ₹0.20 lakh
  • Other Expenses: ₹128.32 lakh
  • Total Expenses: ₹157.07 lakh

Profitability Metrics

  • Profit Before Tax: ₹93.21 lakh
  • Tax Expense: ₹26.49 lakh (Current Tax: ₹25.43 lakh, Deferred Tax: ₹1.06 lakh)
  • Profit After Tax: ₹66.73 lakh
  • Other Comprehensive Income: -₹0.20 lakh
  • Total Comprehensive Income: ₹66.53 lakh

Earnings Per Share (Annualized)

  • Basic EPS: ₹0.27
  • Diluted EPS: ₹0.23

Standalone Balance Sheet (As at March 31, 2026)

Assets

  • Non-Current Assets: ₹9,479.65 lakh
  • Property, Plant and Equipment: ₹26.16 lakh
  • Intangible Assets under Development: ₹55.62 lakh
  • Financial Assets: ₹9,397.69 lakh (Investments: ₹9,352.69 lakh, Other Financial Assets: ₹45.00 lakh)
  • Deferred Tax Asset: ₹0.18 lakh
  • Current Assets: ₹1,527.19 lakh
  • Trade Receivables: ₹178.65 lakh
  • Cash and Cash Equivalents: ₹897.76 lakh
  • Short Term Loans & Advances: ₹367.69 lakh
  • Other Current Assets: ₹83.09 lakh
  • Total Assets: ₹11,006.84 lakh

Equity and Liabilities

  • Equity: ₹10,952.50 lakh
  • Equity Share Capital: ₹2,921.60 lakh
  • Other Equity: ₹8,030.90 lakh
  • Liabilities: ₹54.34 lakh
  • Current Liabilities: ₹54.34 lakh (Other Current Liabilities: ₹10.21 lakh, Short Term Provisions: ₹44.13 lakh)
  • Total Equity and Liabilities: ₹11,006.84 lakh

Standalone Cash Flow Statement (Year Ended March 31, 2026)

  • Cash Flow from Operating Activities: ₹369.57 lakh
  • Cash Flow from Investing Activities: -₹1,268.40 lakh
  • Cash Flow from Financing Activities: ₹0.00 lakh
  • Net Decrease in Cash: -₹898.83 lakh
  • Opening Cash: ₹1,796.59 lakh
  • Closing Cash: ₹897.76 lakh

Consolidated Financial Results (Quarter Ended March 31, 2026)

Revenue Performance

  • Revenue from Operations: ₹3,237.19 lakh
  • Other Income: ₹32.24 lakh
  • Total Revenue: ₹3,269.43 lakh

Expenses Breakdown

  • Cost of Input Services: ₹2,573.21 lakh
  • Employee Benefits Expense: ₹556.48 lakh
  • Finance Cost: ₹7.17 lakh
  • Depreciation and Amortisation Expense: ₹26.78 lakh
  • Other Expenses: ₹299.71 lakh
  • Total Expenses: ₹3,463.35 lakh

Profitability Metrics

  • Loss Before Tax: -₹193.92 lakh
  • Tax Expense: -₹236.09 lakh (Current Tax: -₹126.13 lakh, Income Tax - Earlier Years: -₹109.68 lakh, Deferred Tax: -₹0.28 lakh)
  • Profit After Tax: ₹42.17 lakh
  • Other Comprehensive Income: ₹313.22 lakh
  • Total Comprehensive Income: ₹355.39 lakh

Capital Structure

  • Paid-up Share Capital: ₹2,921.60 lakh
  • Face Value per Share: ₹10.00
  • Total Reserves: ₹11,241.64 lakh

Earnings Per Share (Annualized)

  • Basic EPS: ₹0.14
  • Diluted EPS: ₹0.14

Consolidated Financial Results (Year Ended March 31, 2026)

Revenue Performance

  • Revenue from Operations: ₹13,329.10 lakh
  • Other Income: ₹69.76 lakh
  • Total Revenue: ₹13,398.86 lakh

Expenses Breakdown

  • Cost of Input Services: ₹9,096.60 lakh
  • Employee Benefits Expense: ₹2,646.63 lakh
  • Finance Cost: ₹41.46 lakh
  • Depreciation and Amortisation Expense: ₹107.61 lakh
  • Other Expenses: ₹952.09 lakh
  • Total Expenses: ₹12,844.39 lakh

Profitability Metrics

  • Profit Before Tax: ₹554.47 lakh
  • Tax Expense: -₹277.05 lakh (Current Tax: ₹20.05 lakh, Income Tax - Earlier Years: -₹296.72 lakh, Deferred Tax: -₹0.38 lakh)
  • Profit After Tax: ₹831.52 lakh
  • Other Comprehensive Income: ₹535.39 lakh
  • Total Comprehensive Income: ₹1,366.91 lakh

Earnings Per Share (Annualized)

  • Basic EPS: ₹2.85
  • Diluted EPS: ₹2.85

Consolidated Balance Sheet (As at March 31, 2026)

Assets

  • Non-Current Assets: ₹6,954.03 lakh
  • Property, Plant and Equipment: ₹350.76 lakh
  • Intangible Assets: ₹1,537.14 lakh
  • Intangible Assets under Development: ₹55.62 lakh
  • Goodwill: ₹3,791.57 lakh
  • Financial Assets: ₹1,219.94 lakh (Investments: ₹1,117.34 lakh, Other Financial Assets: ₹102.60 lakh)
  • Current Assets: ₹8,386.92 lakh
  • Trade Receivables: ₹1,303.70 lakh
  • Cash and Cash Equivalents: ₹1,260.39 lakh
  • Short Term Loans & Advances: ₹4,072.95 lakh
  • Other Current Assets: ₹1,748.88 lakh
  • Total Assets: ₹15,340.95 lakh

Equity and Liabilities

  • Equity: ₹14,163.24 lakh
  • Equity Share Capital: ₹2,921.60 lakh
  • Other Equity: ₹11,241.64 lakh
  • Liabilities: ₹1,177.71 lakh
  • Non-Current Liabilities: ₹554.17 lakh (Financial Liabilities: ₹185.96 lakh, Deferred Tax Liability: ₹368.21 lakh)
  • Current Liabilities: ₹623.54 lakh (Trade Payables: ₹183.51 lakh, Loans And Advances Received: ₹103.66 lakh, Other Current Liabilities: ₹245.16 lakh, Short Term Provisions: ₹91.21 lakh)
  • Total Equity and Liabilities: ₹15,340.95 lakh

Consolidated Cash Flow Statement (Year Ended March 31, 2026)

  • Cash Flow from Operating Activities: -₹1,388.72 lakh
  • Cash Flow from Investing Activities: -₹239.09 lakh
  • Cash Flow from Financing Activities: ₹760.39 lakh
  • Net Decrease in Cash: -₹867.42 lakh
  • Opening Cash: ₹2,127.81 lakh
  • Closing Cash: ₹1,260.39 lakh

Subsidiary Companies Included in Consolidation

The consolidated results include the following entities:

1. Edvenswa Tech Inc, USA - Wholly Owned Subsidiary

2. Seltosoft Inc., USA - Step Down Subsidiary

3. OMNI Networks Inc, USA - Wholly Owned Subsidiary

4. Strategemist Global Limited, India - Private 51% Subsidiary

Business Segment

The Company has one reportable business segment: Software Development.

Accounting Standards

The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) adopted from April 1, 2017.

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