Key Financial Figures (Standalone)

  • Revenue from Operations: ₹1,522.93 lakhs (FY2025-26) vs ₹1,321.57 lakhs (FY2024-25) - 15.24% growth
  • Other Income: ₹7.67 lakhs (FY2025-26) vs ₹11.18 lakhs (FY2024-25)
  • Total Income: ₹1,530.60 lakhs (FY2025-26) vs ₹1,332.75 lakhs (FY2024-25)
  • Total Expenditure: ₹1,302.72 lakhs (FY2025-26) vs ₹1,084.91 lakhs (FY2024-25)
  • Profit Before Tax: ₹227.88 lakhs (FY2025-26) vs ₹247.84 lakhs (FY2024-25)
  • Current Tax: ₹80.23 lakhs (FY2025-26) vs ₹88.59 lakhs (FY2024-25)
  • Deferred Tax: (₹6.44) lakhs (FY2025-26) vs (₹7.62) lakhs (FY2024-25)
  • Profit After Tax: ₹154.09 lakhs (FY2025-26) vs ₹179.08 lakhs (FY2024-25)
  • Basic EPS: ₹5.31 (FY2025-26) vs ₹6.17 (FY2024-25)

Key Financial Figures (Consolidated)

  • Revenue from Operations: ₹1,522.93 lakhs (FY2025-26) vs ₹1,321.58 lakhs (FY2024-25)
  • Profit After Tax: ₹154.60 lakhs (FY2025-26) vs ₹177.57 lakhs (FY2024-25)
  • Basic EPS: ₹5.33 (FY2025-26) vs ₹6.12 (FY2024-25)

Dividend Declaration

No dividend recommended for FY2025-26 to conserve resources for future growth and strengthen financial position.

Transfer to Reserves

No amount transferred to General Reserve for FY2025-26.

Share Capital

  • Paid-up Share Capital: ₹290.19 lakhs (29,01,860 equity shares of ₹10 each)
  • No change in share capital during FY2025-26
  • 100% shares held in dematerialized form as of March 31, 2026

Board of Directors

  • Managing Director: Shamba Bhanja (DIN: 01546020)
  • Whole Time Director: Priyabrata Seal (DIN: 07449685)
  • Non-Executive Non-Independent Director: Soma Das (DIN: 06383280)
  • Independent Directors: Avijit Mallick, Haider Ali (DIN: 09609149, appointed on September 16, 2025)

Board Meetings

5 meetings held during FY2025-26 on: 12-05-2025, 20-08-2025, 12-11-2025, 02-01-2026, and 10-02-2026.

Key Managerial Personnel

  • Chief Financial Officer: Amalendu Chatterjee
  • Company Secretary: Mohammed Talha

Committees

  • Audit Committee: Avijit Mallick (Chairperson), Haider Ali, Shamba Bhanja
  • Nomination and Remuneration Committee: Avijit Mallick (Chairperson), Haider Ali, Soma Das
  • Stakeholders Relationship Committee: Avijit Mallick (Chairperson), Haider Ali, Soma Das

Auditors

  • Statutory Auditors: Baid Agarwal Singhi & Co. (FRN: 328671E), appointed until 28th AGM in 2028
  • Secretarial Auditor: CS Niaz Ahmed (Membership No. F9432; CP No. 5965)
  • Internal Auditor: M/s. ABPP & Associates, Chartered Accountants (FRN No. 328632E)

Registrars & Share Transfer Agents

M/s. MAS Services Limited, T-34, 2nd Floor, Okhla Industrial Area, Phase - II, New Delhi -110020

Bankers

Punjab National Bank, ICICI Bank

Annual General Meeting

  • 26th AGM Date: September 29, 2026 at 12:00 PM IST
  • Mode: Video Conferencing/Other Audio Visual Means (VC/OAVM)
  • Business:

1. Adoption of audited standalone and consolidated financial statements

2. Reappointment of Mrs. Soma Das (DIN: 06383280) as director retiring by rotation

  • Book Closure: September 23, 2026 to September 29, 2026 (both days inclusive)
  • E-voting Period: September 26, 2026 (9:00 AM) to September 28, 2026 (5:00 PM) through NSDL

Material Changes and Commitments

No material changes or commitments affecting financial position between March 31, 2026 and date of report (May 13, 2026).

Subsidiary and Associate

  • Associate: Euphoria Infotech Bangladesh (Pvt) Ltd (49% holding)
  • Investment in Associate: ₹6.76 lakhs (9,800 shares)
  • Net Worth Attributable: ₹6.78 lakhs
  • Associate's Profit/Loss: ₹(0.07) lakhs for FY2025-26
  • No subsidiaries as of March 31, 2026

Related Party Transactions

All transactions with related parties were in ordinary course of business and at arm's length basis. Details provided in Form AOC-2.

Contingent Liabilities

  • Income Tax Demand: ₹1,644.65 lakhs for AY 2017-18, 2018-19, 2019-20, 2022-23 & 2024-25 (under dispute)
  • GST Demand: ₹25.13 lakhs for FY 2019-20 and 2021-22 (under appeal with GSTAT)
  • Non-filing of Satisfaction of Charge: Potential penalty of ₹25.50 lakhs for charge registered with ROC on 17.12.2003 (fully satisfied but not filed)

Risk Management

The company has established a Risk Management Framework and internal Risk Management Committee to identify, assess, monitor and mitigate risks.

Corporate Governance

Company listed on SME Platform of BSE Limited. Voluntarily complies with various corporate governance practices including appointment of Independent Directors and constitution of committees.

Internal Financial Controls

Adequate internal financial controls systems were in place and operating effectively as of March 31, 2026.

Secretarial Compliance

Company complied with applicable Secretarial Standards SS-1 and SS-2 issued by ICSI.

Human Resources

56 permanent employees as of March 31, 2025. Company focuses on employee value proposition, training, and development.

Forward-looking Statements

Management Discussion & Analysis contains forward-looking statements subject to risks and uncertainties including global economic conditions, competition, technological changes, and regulatory developments.