Company Overview and AGM Announcement

Equippp Social Impact Technologies Limited (formerly Proseed India Limited) has announced its 34th Annual General Meeting to be held virtually on September 30, 2026. The company, listed on both NSE and BSE, operates in new age technologies and next generation IT solutions & services, including digital engineering, business intelligence, analytics, machine learning, testing and IT consulting.

Financial Performance Highlights (FY 2025-26)

The company reported consolidated revenue of ₹44.97 crore with net profit of ₹1.81 crore (compared to ₹58.16 lakhs in previous year), while standalone operations showed minimal loss of ₹0.35 lakh. Basic EPS stood at ₹0.18. The company disclosed nil dues to Micro, Small and Medium Enterprises as per MSMED Act requirements for both FY26 and FY25. Audit fees paid to auditors amounted to ₹450,000 for FY26, with contingent liabilities of ₹10,209,000 related to exchange penalties. No deferred tax asset was recognized due to uncertainty about future taxable income against carried forward losses.

AGM Resolutions and Director Appointments

The AGM features six resolutions requiring shareholder approval:

  • Ordinary Business: Adoption of financial statements and re-appointment of Mrs. Vindhya Dronamraju as Whole-time Director
  • Special Business: Appointment of Mr. Vegendla Srinivasa Rao as Non-Executive Director, re-appointment of Mrs. Vindhya Dronamraju as Whole-time Director for 5 years, re-appointment of Dr. Narendra Mairpady as Independent Director, and approval of remuneration for Mr. Sreenivasa Chary Kalmanoor

Voting Process and Shareholder Participation

The AGM will feature remote e-voting from September 27-29, 2026 through CDSL platforms. Shareholders are categorized as Promoters (87.35%), Public (11.53%), and others (1.12%) as of March 31, 2026, with 99.99% of shares held in dematerialized form.

Corporate Structure and Subsidiaries

The consolidated financial statements include the Holding Company and its wholly owned subsidiaries: EQUIVAS Tech Innovations Limited, Desi Investments Pvt Ltd, P4 Goods & Services Pvt Ltd, and five other subsidiaries including Technogen India Private Limited (material subsidiary). The consolidation follows Indian Accounting Standards (Ind AS) with uniform accounting policies across all entities.

Compliance and Regulatory Matters

The company has not complied with Minimum Public Shareholding requirements under SEBI LODR Regulations, resulting in penalties totaling ₹35.98 lakhs from NSE. The company is contesting the applicability of corporate governance provisions due to its net worth being below ₹25 crore. No dividends were declared for FY 2025-26 due to insufficient profits.

Business Focus and Future Outlook

The company emphasizes its role in the emerging Social Stock Exchange ecosystem and technology-enabled cross-sector collaboration solutions, GCC & talent solutions, and social impact technologies. The business focuses on capturing benefits of emerging technologies while maintaining compliance with SEBI regulations and corporate governance standards.