Key Quantitative Figures
- Revenue from operations: ₹388.89 crore (FY26) vs ₹380.95 crore (FY25)
- Net profit: ₹20.17 crore (FY26) vs ₹17.17 crore (FY25), up 17.4% YoY
- Earnings per share (Basic): ₹2.14 (FY26) vs ₹1.84 (FY25)
- Earnings per share (Diluted): ₹1.99 (FY26) vs ₹1.84 (FY25)
- Paid-up share capital: Increased from ₹9.35 crore to ₹9.63 crore due to preferential allotment
- Total income: ₹390.25 crore (FY26) vs ₹386.99 crore (FY25)
- Total expenditure: ₹344.05 crore (FY26) vs ₹349.62 crore (FY25)
Capital Structure Changes
- Allotment of 276,000 equity shares of face value ₹10 each at issue price of ₹13.09 per share (including premium of ₹3.09 each) to three non-promoter investors
- Total amount raised: ₹36.13 lakh through preferential allotment
- Allotment approved in AGM held on 30th September 2025 and Board Meeting on 13th December 2025
- Allotment of 700,000 warrants to promoters at ₹13.09 per warrant, with 25% amount received (₹22.91 lakh)
Auditor Changes
- Resignation of statutory auditors M/s. Piyush Kothari & Associates (FRN: 140711W) on 31st August 2026 citing other pressing commitments
- No concerns or issues raised regarding management or financial reporting in resignation letter
- Board appointed M/s. Bhasin Hota & Co (FRN: 509935E) as new statutory auditors on 4th September 2026
- Appointment to be ratified by shareholders in AGM for FY 2026-2027
- New auditor remuneration to be fixed by management in consultation with auditors
AGM Details
- Date: 28th September 2026
- Time: 11:00 AM
- Venue: Registered office at Unit No 1101, Lotus Link Square, D N Nagar, New Link road, Andheri West, Mumbai 400053
- Business:
1. Adoption of audited financial statements for FY 2025-2026
2. Appointment of M/s. Bhasin Hota & Co as statutory auditors
E-voting Information
- Cut-off date: 21st September 2026
- E-voting period: 25th September 2026 (9:00 AM) to 27th September 2026 (5:00 PM)
- Scrutinizer: To submit report by 30th September 2026
- Results declaration: On or before 30th September 2026
Corporate Governance
- Board composition: 5 directors (2 executive, 3 independent including one woman director)
- Board meetings: 7 meetings held during FY 2025-2026
- Committees: Audit Committee (4 meetings), Nomination & Remuneration Committee (3 meetings), Stakeholders Relationship Committee (1 meeting)
- Directors' remuneration: ₹52.80 lakh to managing directors (unchanged from previous year)
Financial Highlights
- Current ratio: 1.12 (improved from 0.79 in FY25)
- Debt-equity ratio: 3.49 (improved from 113.09 in FY25)
- Return on equity: 75.14% (decreased from 2234.39% in FY25 due to change in equity base)
- Trade receivables: ₹156.60 crore (increased from ₹89.63 crore in FY25)
- Cash and cash equivalents: ₹23.78 crore (decreased from ₹26.67 crore in FY25)
Auditor Qualifications
Statutory auditors issued qualified opinion noting:
- Non-provision of interest on outstanding statutory liabilities of ₹758.28 lakh
- Gratuity provision made only for corporate employees, not covering field staff
- Certain trade receivables and payables not confirmed/reconciled
Related Party Transactions
- Loans and advances to Kaarya Next Solutions Pvt Ltd: ₹12.20 crore outstanding
- Sales to Kaarya Next Solutions Pvt Ltd: ₹19.00 crore
- Rent paid to directors: ₹18.15 lakh
Shareholding Pattern
- Promoter holding: 53.85% (decreased from 55.43% due to preferential allotment)
- Public holding: 46.15%
- 100% shares in dematerialized form
Other Disclosures
- Dividend: No dividend declared for FY 2025-2026
- CSR: Not applicable to the company
- Whistleblower complaints: Nil received during the year
- Sexual harassment complaints: Nil received during the year
- Deposits: No public deposits accepted