IPOWER SOLUTIONS INDIA LIMITED

Board Meeting Details

The Board of Directors meeting was held on 12th November 2026, commencing at 4:30 PM and concluding at 4:50 PM.

Key Approvals

The Board approved the Unaudited Financial Statements of the Company along with the Limited Review Report issued by the Statutory Auditors for the quarter and half-year ended 30th September 2026, as recommended by the Audit Committee.

Financial Results for Quarter Ended 30-09-2026

  • Total Revenue: Negative ₹16.95 lakhs (consisting entirely of Other Income)
  • Other Income Breakdown:
  • Other Income: ₹2.21 lakhs
  • Profit on Sale of Shares: ₹1.79 lakhs
  • Changes in Value of Investments: Negative ₹20.95 lakhs
  • Total Expenses: ₹3.26 lakhs
  • Employee Benefits Expense: ₹0.45 lakhs
  • Finance Cost: ₹0.0025 lakhs
  • Listing Fee: ₹0.00
  • Other Administrative Expenses: ₹2.81 lakhs
  • Profit/(Loss) before Tax: Negative ₹20.21 lakhs
  • Tax Expense: ₹0.00
  • Profit/(Loss) After Tax: Negative ₹20.21 lakhs
  • Other Comprehensive Income: ₹0.00
  • Total Comprehensive Income: Negative ₹20.21 lakhs
  • Earnings Per Share (Basic): Negative ₹0.34
  • Earnings Per Share (Diluted): Negative ₹0.34

Comparative Financial Performance

Quarterly Comparison (Amounts in lakhs):

  • Q2 FY2026 (30-09-2026): Net Loss ₹20.21
  • Q1 FY2026 (30-06-2026): Net Profit ₹24.17
  • Q2 FY2025 (30-09-2025): Net Loss ₹14.43
  • Q1 FY2025 (30-06-2025): Net Profit ₹3.96

Year-to-Date Comparison:

  • H1 FY2026: Net Profit ₹3.96
  • H1 FY2025: Net Profit ₹13.94

Annual Comparison:

  • FY2026 (31-03-2026): Net Loss ₹100.31
  • FY2025 (31-03-2025): Net Loss ₹95.87

Capital Structure

  • Paid-up Share Capital: ₹589.90 lakhs (consistent across all periods)
  • Face Value per Share: ₹10.00
  • Total Reserves: Negative ₹48.11 lakhs (30-09-2026) vs Negative ₹52.07 lakhs (31-03-2026)

Balance Sheet Position as at 30-09-2026 (Standalone)

  • Total Assets: ₹597.06 lakhs
  • Non-Current Assets: ₹249.27 lakhs
  • Intangible Assets held for Sale: ₹248.48 lakhs
  • Deferred Tax Asset: ₹0.79 lakhs
  • Current Assets: ₹347.79 lakhs
  • Current Investments: ₹178.80 lakhs
  • Cash and Cash Equivalents: ₹21.54 lakhs
  • Other Current Assets: ₹147.45 lakhs
  • Equity and Liabilities: ₹597.06 lakhs
  • Equity: ₹541.79 lakhs
  • Equity Share Capital: ₹589.90 lakhs
  • Other Equity: Negative ₹48.11 lakhs
  • Liabilities: ₹55.27 lakhs
  • Long Term Borrowings: ₹4.49 lakhs
  • Other Current Liabilities: ₹46.00 lakhs
  • Short Term Provisions: ₹4.78 lakhs

Cash Flow Statement for Period Ended 30-09-2026

  • Net Cash Flow from Operating Activities: Negative ₹12.51 lakhs
  • Net Cash Flow from Investing Activities: Negative ₹11.98 lakhs
  • Net Cash Flow from Financing Activities: ₹0.06 lakhs
  • Net Decrease in Cash and Cash Equivalents: ₹24.42 lakhs
  • Closing Cash and Cash Equivalents: ₹21.54 lakhs

Auditor's Limited Review Report

Statutory Auditors ANANT RAO & MALLIK (FRN: 006266S) conducted a limited review of the unaudited financial results in accordance with SRE 2410. The review report dated 12-11-2026 states that nothing has come to their attention that causes them to believe that the financial results contain any material misstatement.

Additional Notes

1. The company adopted Indian Accounting Standards (Ind AS) from April 1, 2017

2. The company has one reportable business segment: Software Development

3. Previous period figures have been rearranged/regrouped to conform to current period classification

4. The financial results were prepared in accordance with Companies (Indian Accounting Standards) Rules, 2015