Financial Results Approval
The Board approved the Unaudited Financial Results for the quarter ended September 30, 2026. The results were reviewed by statutory auditors M/s. Selvam & Suku, Chartered Accountants, who issued a clean limited review report dated November 6, 2026.
Key Financial Figures (₹ in Lakhs)
Quarter Ended September 30, 2026:
- Revenue from operations: ₹2,494.13
- Other Income (Net): ₹548.31
- Total Income: ₹3,042.44
- Total Expenses: ₹2,537.77
- Profit before tax: ₹504.67
- Tax expense: ₹2.00
- Profit for the period: ₹502.69
- Earnings per share (Basic): ₹12.57
- Earnings per share (Diluted): ₹12.56
Half Year Ended September 30, 2026:
- Revenue from operations: ₹4,797.13
- Other Income (Net): ₹1,118.23
- Total Income: ₹5,915.36
- Total Expenses: ₹4,598.25
- Profit before tax: ₹1,317.11
- Tax expense: ₹310.67
- Profit for the period: ₹1,006.44
- Earnings per share (Basic): ₹25.16
- Earnings per share (Diluted): ₹25.11
Balance Sheet Highlights (as at September 30, 2026):
- Total Assets: ₹20,741.08 lakh
- Total Equity: ₹18,431.57 lakh
- Paid-up equity share capital: ₹400.00 lakh
- Other equity: ₹18,031.57 lakh
- Non-current liabilities: ₹838.84 lakh
- Current liabilities: ₹1,470.67 lakh
Cash Flow Highlights (Half Year Ended September 30, 2026):
- Net cash used in operating activities: ₹(2,579.51) lakh
- Net cash from investing activities: ₹2,828.07 lakh
- Net cash used in financing activities: ₹(80.00) lakh
- Net increase in cash and cash equivalents: ₹168.55 lakh
- Cash and cash equivalents at end: ₹1,165.67 lakh
Management Appointment
The Board appointed Mr. B. Vishnu Chandran I.A.S. (DIN: 09242769) as Additional Non-Executive Director and Chairman of the Company effective November 6, 2026. His appointment was based on the recommendation of the Nomination and Remuneration Committee and followed receipt of a nomination letter dated October 14, 2026, from Electronics Corporation of Tamilnadu Limited where he serves as Managing Director.
Profile of Mr. B. Vishnu Chandran:
- Educational qualifications: B.Tech in Electronics and Communication from Kerala University, Masters in Public Management from JNU, Delhi
- Indian Administrative Service (IAS) officer of the 2015 batch, Tamil Nadu cadre
- Previous roles: Collector of Ramanathapuram District, Joint Secretary to Government of Tamil Nadu
- Currently Managing Director of Electronics Corporation of Tamil Nadu
- No inter-se relationships with other directors/promoters
Regulatory Compliance Matter
The Board discussed and noted the non-compliance/late compliance with Regulation 18(1) of SEBI LODR Regulations regarding the composition of the Audit Committee.
Details of the Action:
- Authority: BSE Limited
- Nature of action: Fine of ₹40,120 (inclusive of GST)
- Date of receipt: August 25, 2026
- Violation: Non-compliance/late compliance with Audit Committee composition requirements
- Financial impact: Limited to the penalty amount
- Payment date: September 7, 2026
Corrective Actions Taken:
- The vacancy caused by the demise of Independent Director Mr. AP Radhakrishnan was filled by appointing Mr. Navneet Ganapathi (DIN: 03179054) as Non-Executive Independent Director effective May 14, 2026
- Mr. Navneet Ganapathi was inducted into the Audit Committee effective June 3, 2026
- The reconstituted Audit Committee now has two-thirds Independent Directors, ensuring compliance
- The Company has strengthened its internal compliance framework and tracking mechanism
Board Comments:
The Board emphasized that all regulatory timelines and statutory compliances will be strictly adhered to going forward. The delay was acknowledged as inadvertent and unintentional.
Additional Information
- The Company is engaged solely in "Promotion and Maintenance of Software Technology Park" business
- Only one reportable segment exists as per Ind AS 108
- Previous period figures have been regrouped/recast for comparability
- The Board meeting commenced at 12:00 PM and concluded at 1:50 PM
- The financial results will be published in English and Tamil newspapers as per Regulation 47