Board Meeting Details

The Board Meeting commenced at 03:30 PM IST and concluded at 06:15 PM IST on August 12, 2026.

Key Matters Approved

1. Financial Results: Approved unaudited Standalone and Consolidated financial results for the quarter ended June 30, 2026, as reviewed by the Audit Committee and with limited review reports from Statutory Auditors Anjaneyulu & Co, Chartered Accountants (FRN:000180S).

2. Director Re-appointments:

  • Re-appointment of Dr. Narendra Mairpady (DIN: 00536905) as Independent Director for a second term of 5 consecutive years effective November 5, 2026, subject to shareholder approval.
  • Re-appointment of Mrs. Vindhya Dronamraju (DIN: 03169319) as Whole-time Director for 5 years effective November 5, 2026, subject to shareholder approval.

3. New Director Appointment: Appointment of Mr. Vegendla Srinivasa Rao (DIN: 02159947) as Non-Executive, Non-Independent Director, who was appointed as Additional Director on July 20, 2026, subject to shareholder approval.

4. Internal Auditors: Re-appointment of M/s. GBM & Associates (FRN: 018839S) as Internal Auditors for FY 2026-27.

5. Other Matters: Took note of Secretarial Audit Report for year ended March 31, 2026; Draft Directors Report for year ended March 31, 2026; remuneration payable to Mr. Sreenivasa chary Kalmanoor (DIN: 09105972), Executive Director for 5 years subject to shareholder approval; appointment of Mr. Balaramakrishna Desina (COP: 22414) as Scrutinizer for AGM voting process; cut-off date and book closure for 34th AGM; notice of 34th AGM including date, time and venue.

Financial Results - Standalone (₹ in Lakhs)

For quarter ended June 30, 2026:

  • Income from operations: ₹50.08
  • Other income: ₹1.12
  • Total income: ₹51.20
  • Total expenses: ₹43.75
  • Profit before tax: ₹7.45
  • Tax expense: ₹0.00
  • Net profit: ₹7.45
  • EPS (Basic & Diluted): ₹0.01
  • Paid-up equity share capital: ₹1,030.95 (face value ₹1 each)

Financial Results - Consolidated (₹ in Lakhs)

For quarter ended June 30, 2026:

  • Income from operations: ₹1,272.16
  • Other income: ₹7.65
  • Total income: ₹1,279.81
  • Total expenses: ₹1,239.94
  • Profit before tax: ₹39.87
  • Tax expense: ₹10.31
  • Net profit: ₹29.56
  • Profit attributable to parent: ₹17.29
  • Profit attributable to NCI: ₹12.28
  • EPS (Basic & Diluted): ₹0.03
  • Paid-up equity share capital: ₹1,030.95 (face value ₹1 each)

Auditor's Emphasis of Matter

Trade receivables of ₹77.37 lakhs as on June 30, 2026 are overdue. Management received ₹5.00 lakhs on July 10, 2026 and initiated recovery action for remaining amount. The matter needs to be expedited.

Subsidiary Details Included in Consolidation

  • Innovation Equivas Tech Limited (100% wholly owned subsidiary)
  • Equippp Desi Investments Private Limited (100% wholly owned subsidiary)
  • P4 Goods & Services Pvt.Ltd (100% wholly owned subsidiary)
  • Technogen India Private Limited (51% subsidiary)
  • Equippp Three Point 0 Labs Technologies Private Limited (65% subsidiary)
  • Equippp And SGIT JV LLP (51% subsidiary)
  • Technogen Equippp Pvt.Ltd (51% subsidiary)
  • Equippp INC, USA (65% subsidiary)

Business Update

The IT business vertical delivered steady performance during the quarter. The IP vertical progressed through execution of strategic MoUs and agreements, enabling deployment of IP solutions and digital platforms across identified opportunities, expected to support scale-up and commercialization of IP offerings.