Company Overview
Jetking Infotrain Limited reported challenging financial results for FY26 alongside significant regulatory developments. The company operates in the IT training and education sector with strategic focus on Artificial Intelligence, Blockchain, and Cyberspace (ABC).
Financial Performance
Consolidated Results: The company reported a net loss of ₹93.63 lakhs for FY26, a significant deterioration from the profit of ₹315.55 lakhs in FY25. This was primarily driven by a ₹323.13 lakh revaluation loss on virtual digital assets holdings (26.22 BTC). Revenue remained nearly flat at ₹2,222.07 lakhs (FY25: ₹2,177.86 lakhs) while total expenses increased to ₹2,757.88 lakhs from ₹2,431.24 lakhs, with employee benefits being the largest cost component at ₹1,233.91 lakhs.
Standalone Performance: The standalone entity reported a net loss of ₹134.36 lakhs versus profit of ₹342.69 lakhs in FY25, with total income declining to ₹2,635.72 lakhs. Key financial ratios showed deterioration with current ratio at 0.84 (FY25: 1.00) and return on net worth turning negative at (0.01) from 0.08.
Regulatory Challenges
Preferential Share Listing Rejection: BSE rejected the listing application for 3,96,156 equity shares issued via preferential allotment in May 2025, citing deployment of proceeds towards Virtual Digital Assets prior to amendment of object clause. The Securities Appellate Tribunal (SAT) upheld this decision in May 2026. While this has no immediate financial impact, it restricts the company's capital market access.
Ongoing Legal Matters: The company has ₹36.77 lakhs recoverable from a broker for unauthorized trades, currently under litigation in the High Court. Additionally, service tax matters totaling ₹382.82 lakhs remain under dispute at various forums.
Corporate Governance & Operations
The company convened its 42nd AGM on September 29, 2026 to adopt FY26 financial statements and reappoint directors and auditors. Key management changes included the appointment of Ms. Anita Jaiswal as Company Secretary & Compliance Officer and re-appointment of Mr. Harsh Bharwani as Managing Director & CEO for three years.
Jetking Technologies Private Limited ceased to be an associate company in June 2025 after shareholding dilution below 20%, resulting in share of loss from associates of ₹40.73 lakhs for FY26.
Audit & Compliance
Auditors PYS & CO LLP issued an unmodified opinion but emphasized two key matters: the broker recoverable under litigation and the SAT order on share listing. The secretarial audit report contained a qualification regarding non-filing of e-Form CHG-1 for vehicle loan charge registration.
The company maintains adequate corporate governance structures with mandatory committees in place and reported no frauds or sexual harassment complaints during the year.