Financial Results Approval
The Board of Directors considered and approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year ended September 30, 2026, as recommended by the Audit Committee.
Standalone Financial Performance (Q2 FY27)
- Revenue from Operations: ₹1,112.61 lakh
- Other Income: ₹11.66 lakh
- Total Income: ₹1,124.27 lakh
- Total Expenses: ₹1,177.11 lakh
- Profit before tax: Loss of ₹52.83 lakh
- Total Tax Expense: ₹0
- Profit for the period: Loss of ₹52.83 lakh
- Basic EPS: -₹0.13
- Diluted EPS: -₹0.10
Consolidated Financial Performance (Q2 FY27)
- Revenue from Operations: ₹3,243.76 lakh
- Other Income: ₹41.41 lakh
- Total Income: ₹3,285.17 lakh
- Total Expenses: ₹3,022.03 lakh
- Profit before tax: ₹263.14 lakh
- Tax Expense: ₹38.34 lakh
- Profit for the period: ₹224.80 lakh
- Basic EPS: ₹0.54
- Diluted EPS: ₹0.54
Subsidiary Incorporation
The Board took note of the incorporation of AntWorks Europe Solutions Korlatolt Felel6sségu Tarsasag (AESK), a wholly owned subsidiary in Hungary, registered on October 21, 2026 under Company Reg. No. 01-09-471458.
Acquisition Approval
The Board approved the acquisition of 93,420 equity shares (90% stake) of STRATIS Management and IT Consulting Limited Liability Company, Hungary, by AESK for a cash consideration of up to €9,000,000 (Euro Nine Million), payable in one or more tranches. This follows previous approvals from the Board (August 13, 2026) and shareholders (September 12, 2026).
The acquisition of the remaining 10,380 equity shares (10% stake) of STRATIS by the Company through a share swap shall continue as per previous approvals.
Authorization
Mr. Pankaj Ramesh Samani, Managing Director, was authorized to negotiate and finalize terms of the acquisition and execute definitive agreements on behalf of both the Company and AESK.
Board Meeting Timing
The meeting commenced at 04:30 p.m. (ST) and concluded at 8:00 p.m. (IST).
Auditor's Review
M/s. N A M M & Associates, Chartered Accountants (FRN: 037143C), conducted a limited review of the financial results and issued an unqualified report with emphasis on several matters.
Emphasis of Matter (Auditor's Report)
The auditors emphasized five key matters:
1. Pending acquisition of 47.47% equity shareholding of Antworks Solutions India Private Limited through share swap (77,54,506 equity shares at ₹49 per share)
2. Pending acquisition of 48.95% equity shareholding of Insurants AI Limited, UK through share swap (19,04,155 equity shares at ₹49 per share)
3. Pending acquisition of 10% equity shareholding of Stratis Kft, Hungary through share swap (21,27,900 equity shares at ₹49 per share)
4. Proposed transfer of employees and related liabilities to Alpharithim Technologies Pvt. Ltd. with unascertained financial impact
5. Proposed rights issue to raise up to ₹12,500 lakhs with pending regulatory approvals (DLOF filed August 4, 2026)
Financial Position (Standalone as of September 30, 2026)
- Total Assets: ₹12,347.87 lakh
- Total Equity: ₹7,429.59 lakh
- Equity Share Capital: ₹4,177.69 lakh
- Total Liabilities: ₹4,918.27 lakh
- Cash & Cash Equivalents: ₹16.63 lakh
Segment Information
The company operates in two segments: Training and IT Business.
Pending Acquisition
The company has paid an advance of ₹900.00 lakhs towards acquisition of remaining 22.19% equity stake in CRG Solutions Private Limited, with transfer formalities pending as of reporting date.
Product Development
The company is developing a commercially viable product with R&D expenditure of ₹290.27 lakhs incurred during the quarter ended September 30, 2026.