Board Meeting Details

The meeting commenced at 03:45 pm (IST) and concluded at 04:40 pm (IST) on November 06, 2026.

Financial Results Approval

Key Financial Figures (Rs. in lacs)

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹471.78 crore
  • Other Income: ₹0.10 crore
  • Total Income: ₹471.88 crore
  • Total Expenses: ₹441.96 crore
  • Profit Before Tax: ₹29.92 crore
  • Current Tax: ₹8.99 crore
  • Deferred Tax: ₹0.04 crore
  • Profit After Tax: ₹20.89 crore
  • Basic EPS: ₹0.29 (face value ₹4 per share)
  • Diluted EPS: ₹0.14

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹905.10 crore
  • Other Income: ₹1.63 crore
  • Total Income: ₹906.73 crore
  • Total Expenses: ₹855.74 crore
  • Profit Before Tax: ₹50.99 crore
  • Current Tax: ₹14.33 crore
  • Deferred Tax: ₹0.04 crore
  • Profit After Tax: ₹36.62 crore
  • Basic EPS: ₹0.52
  • Diluted EPS: ₹0.25

Balance Sheet Position (as of September 30, 2026)

  • Total Assets: ₹1,426.37 crore
  • Total Equity: ₹504.40 crore
  • Paid-up Equity Share Capital: ₹287.87 crore
  • Other Equity: ₹216.53 crore
  • Total Liabilities: ₹921.97 crore
  • Trade Receivables: ₹1,280.14 crore
  • Cash and Cash Equivalents: ₹22.54 crore
  • Trade Payables: ₹784.55 crore

Dividend Declaration

The Board declared an Interim Dividend of ₹0.05 per equity share for FY 2026-27. The Record Date for determining entitlement was fixed as Friday, November 13, 2026, pursuant to Regulation 42 of SEBI Listing Regulations.

Management Appointment

Based on recommendations of Nomination and Remuneration Committee, the Board approved the appointment of Ms. Darshana Sawant (ICSI Member No.: A63226) as Company Secretary & Compliance Officer effective November 06, 2026. She has experience in compliance under Companies Act, 2013, Listing Regulations and other corporate laws.

Committee Dissolutions

The Board approved dissolution of the Risk Management Committee and Securities Allotment Committee with effect from November 06, 2026, as they were not applicable as per SEBI LODR Regulations, 2015.

Capital Structure Change

During the quarter, the Company allotted 14,66,667 equity shares of face value ₹4 each pursuant to conversion of warrants, increasing the paid-up capital.

Auditor's Qualified Review Report

Statutory Auditors S M M P & Company issued a qualified conclusion on the financial results citing two key issues:

1. The Company has not recognized provision for expected credit losses in respect of certain long-outstanding trade receivables aggregating to ₹812.20 Lacs (₹81.22 crore) as at September 30, 2026, despite indications of uncertainty regarding their recoverability. This is not in line with Ind AS 109 requirements. The financial impact is unascertainable as management hasn't determined the expected credit loss amount.

2. The Company has not made payment of certain statutory dues relating to TDS and GST amounting to ₹2,315.79 Lacs (₹231.58 crore) as on the results date. The present impact on financial results is unascertainable.

Cash Flow Statement (Six Months Ended September 30, 2026)

  • Net cash from Operating Activities: ₹20.14 crore
  • Net cash used in Investing Activities: ₹(8.04) crore
  • Net cash from Financing Activities: ₹5.93 crore
  • Net increase in Cash: ₹18.02 crore
  • Closing Cash Balance: ₹22.54 crore

Additional Information

The financial results were prepared in accordance with Ind AS 34. Previous period figures have been regrouped/rearranged for consistency. The information is also available on the Company's website www.istreetnetwork.com.