Financial Results Overview

The company reported audited financial results for the year ended March 31, 2026:

  • Revenue from operations: ₹600.87 lakh
  • Other income: ₹1.44 lakh
  • Total income: ₹602.32 lakh
  • Total expenses: ₹934.65 lakh
  • Loss before tax: ₹332.33 lakh
  • Net loss for the period: ₹334.83 lakh
  • Basic and diluted EPS: (₹9.21) per share
  • Paid-up equity share capital: ₹363.63 lakh (face value ₹10 per share)
  • Reserves: ₹724.62 lakh

For the half-year ended March 31, 2026:

  • Revenue from operations: ₹147.36 lakh
  • Other income: ₹1.32 lakh
  • Total income: ₹148.69 lakh
  • Total expenses: ₹296.55 lakh
  • Loss before tax: ₹147.87 lakh
  • Net loss for the period: ₹146.05 lakh
  • Basic and diluted EPS: (₹4.02) per share

Comparative figures for previous periods were also provided, showing a net loss of ₹376.99 lakh for FY25 and ₹253.27 lakh for H2 FY25.

Cash Flow Statement

The audited cash flow statement for the year ended March 31, 2026 showed:

  • Net cash from operating activities: ₹125.01 lakh
  • Net cash used in investing activities: (₹23.18) lakh
  • Net cash from financing activities: ₹54.95 lakh
  • Net increase in cash and equivalents: ₹6.76 lakh
  • Cash and cash equivalents at year-end: ₹17.62 lakh (₹3.38 lakh cash on hand + ₹14.24 lakh in current accounts)

IPO Fund Utilization

The company declared no deviation or variation in the utilization of funds raised through its Initial Public Offering:

  • IPO date: May 10, 2024
  • Amount raised: ₹1,243.00 lakh
  • Objects achieved:
  • Purchase of Software: ₹500.00 lakh (fully utilized)
  • Working capital requirements: ₹500.00 lakh (fully utilized)
  • General corporate purposes: ₹234.79 lakh utilized (₹8.21 lakh remaining in ICICI Escrow Account)

The audit committee reviewed and had no comments, and the auditors also had no comments.

Related Party Transactions

The company disclosed related party transactions including:

  • Remuneration to Aneesh Mathur (CEO and Director): ₹14.56 lakh
  • Remuneration to Arjun Singh Rajput (Managing Director): ₹14.56 lakh
  • Sale of goods and services to Arjun Singh Rajput: ₹3.30 lakh
  • Remuneration to Tei Bharatkumar Hani (Company Secretary): ₹1.05 lakh
  • Loan to Purushottam (Chief Financial Officer): ₹3.44 lakh (opening balance ₹0.00, closing balance ₹3.29 lakh)
  • Another loan to Purushottam: ₹3.68 lakh (opening balance ₹3.68 lakh, closing balance ₹0.00)