Board Meeting Details

The Board of Directors meeting was held on Friday, 23rd October 2026 through VC/OAVM, commencing at 04:10 PM and concluding at 04:35 PM.

Key Decisions Approved

1. Un-audited Standalone Financial results for the quarter and half year ended 30 September 2026

2. Un-audited Consolidated Financial results for the quarter and half year ended 30 September 2026

3. Limited Review Reports of Statutory Auditors on both standalone and consolidated financial results

4. Declaration of Interim Dividend at 2.5% (₹0.25 per equity share of face value ₹10 each) for FY 2026-27

Standalone Financial Performance (Amounts in Lakhs except EPS)

Quarter Ended 30-09-2026:

  • Revenue from Operations: ₹2,027.59
  • Other Income: ₹0.10
  • Total Revenue: ₹2,027.69
  • Total Expenses: ₹1,823.89
  • Profit Before Tax: ₹203.79
  • Current Tax: ₹52.99
  • Profit After Tax: ₹150.81
  • Other Comprehensive Income: ₹0.02
  • Total Comprehensive Income: ₹150.83
  • Basic EPS: ₹0.18
  • Diluted EPS: ₹0.18

Half Year Ended 30-09-2026:

  • Revenue from Operations: ₹3,750.84
  • Other Income: ₹11.16
  • Total Revenue: ₹3,762.00
  • Profit Before Tax: ₹391.93
  • Current Tax: ₹101.90
  • Profit After Tax: ₹290.03
  • Total Comprehensive Income: ₹289.72
  • Basic EPS: ₹0.34
  • Diluted EPS: ₹0.34

Comparative Figures (Quarter):

  • Q2 FY26 Revenue: ₹1,075.77
  • Q2 FY26 PAT: ₹95.11
  • Q1 FY26 PAT: ₹139.21

Consolidated Financial Performance (Amounts in Lakhs except EPS)

Quarter Ended 30-09-2026:

  • Revenue from Operations: ₹8,229.11
  • Other Income: ₹0.16
  • Total Revenue: ₹8,229.27
  • Total Expenses: ₹7,129.64
  • Profit Before Tax: ₹1,099.63
  • Current Tax: ₹298.16
  • Profit After Tax: ₹801.47
  • Other Comprehensive Income: ₹19.45
  • Total Comprehensive Income: ₹820.92
  • Basic EPS: ₹0.95
  • Diluted EPS: ₹0.95

Half Year Ended 30-09-2026:

  • Revenue from Operations: ₹15,982.20
  • Other Income: ₹12.70
  • Total Revenue: ₹15,994.90
  • Profit Before Tax: ₹2,190.05
  • Current Tax: ₹371.14
  • Profit After Tax: ₹1,818.91
  • Total Comprehensive Income: ₹1,838.30
  • Basic EPS: ₹2.15
  • Diluted EPS: ₹2.15

Capital Structure

  • Paid-up Share Capital: ₹8,469.22 lakhs (unchanged from previous periods)
  • Face Value per Share: ₹10.00
  • Standalone Total Reserves: ₹13,504.67 lakhs (vs ₹13,214.95 lakhs as at 31-03-2026)
  • Consolidated Total Reserves: ₹15,252.57 lakhs (vs ₹13,414.26 lakhs as at 31-03-2026)

Auditor Review

Statutory Auditors M/s Anant Rao & Mallik, Chartered Accountants issued limited review reports for both standalone and consolidated financial results, stating nothing came to their attention causing belief that the statements contain material misstatements.

Subsidiary Information

The consolidated results include five entities:

1. NX Global Pte. Ltd., Singapore (Wholly Owned Subsidiary)

2. Mindgate solutions Pte. Ltd, Singapore (Step Down Subsidiary)

3. Mindgate Solutions LLC, USA (Step Down Subsidiary)

4. Nexus Innovate Pte. Ltd, Singapore (Wholly Owned Subsidiary)

5. Nexus Innovate LLC, USA (Step Down Subsidiary)

Two subsidiary companies and three step-down subsidiaries acquired by swap of shares during Q2 FY2025-26 (effective 01-07-2025) were not reviewed by the statutory auditors but were certified by management and reviewed by other auditors. These entities contributed:

  • Total Assets: ₹8,407.97 lakhs as at 30-09-2026
  • Q2 FY27 Revenue: ₹6,200.05 lakhs
  • Q2 FY27 Net Profit: ₹650.66 lakhs
  • H1 FY27 Revenue: ₹12,231.37 lakhs
  • H1 FY27 Net Profit: ₹1,528.89 lakhs

Accounting Policies

  • Prepared in accordance with Indian Accounting Standards (Ind AS)
  • Single reportable business segment: Software Development and Services
  • Previous period figures rearranged/regrouped for comparability