Board Meeting Details

The Board of Directors meeting was held on July 13, 2026, commencing at 3:00 PM and concluding at 6:00 PM.

Key Decisions Approved

1. Approved the Standalone Financial Results of the Company for the half year and financial year ended March 31, 2026

2. Appointment of M/s. Ishwar and Gopal, Chartered Accountants (Firm Registration Number: 001154S), Bangalore, as the Internal Auditor of the Company for the Financial Year 2026-2027

Financial Results Summary (₹ in lakhs except EPS)

Income Statement Highlights

For Financial Year Ended March 31, 2026:

  • Revenue from Operations: ₹15,233.77 (vs. ₹13,466.24 in FY25)
  • Other Income: ₹1,114.14 (vs. ₹270.45 in FY25)
  • Total Income: ₹16,347.91 (vs. ₹13,736.69 in FY25)
  • Total Expenses: ₹13,608.92 (vs. ₹11,549.91 in FY25)
  • Profit Before Tax: ₹2,738.99 (vs. ₹2,186.78 in FY25)
  • Current Tax: ₹785.97 (vs. ₹613.87 in FY25)
  • Deferred Tax: (₹5.47) (vs. (₹49.53) in FY25)
  • Net Profit: ₹1,958.49 (vs. ₹1,622.44 in FY25)
  • Basic EPS: ₹1.83 (vs. ₹1.57 in FY25)
  • Diluted EPS: ₹1.83 (vs. ₹1.57 in FY25)

For Half Year Ended March 31, 2026:

  • Revenue from Operations: ₹11,397.22
  • Other Income: ₹776.01
  • Total Income: ₹12,173.23
  • Profit Before Tax: ₹1,884.05
  • Net Profit: ₹1,348.96
  • Basic EPS: ₹1.26
  • Diluted EPS: ₹1.26

Balance Sheet Position (as of March 31, 2026)

  • Share Capital: ₹1,071.84 lakh (unchanged from FY25)
  • Reserves and Surplus: ₹6,212.32 lakh (vs. ₹4,253.83 lakh in FY25)
  • Total Equity: ₹7,284.16 lakh (vs. ₹5,325.67 lakh in FY25)
  • Total Liabilities: ₹16,672.18 lakh (vs. ₹14,917.00 lakh in FY25)
  • Total Assets: ₹16,672.18 lakh (vs. ₹14,917.00 lakh in FY25)

Cash Flow Statement

  • Net Cash from Operating Activities: (₹503.89) lakh
  • Net Cash from Investing Activities: (₹41.22) lakh
  • Net Cash from Financing Activities: ₹544.77 lakh
  • Net Change in Cash: (₹0.34) lakh
  • Closing Cash Balance: ₹2.69 lakh

IPO Completion (Post-Balance Sheet Event)

The company successfully completed its Initial Public Offer in June 2026 with the following details:

  • IPO opened: June 17, 2026
  • IPO closed: June 19, 2026
  • Shares issued: 3,46,08,000 equity shares of face value ₹1 each
  • Issue price: ₹23 per share (including premium of ₹22 per share)
  • Total proceeds: ₹7,959.84 lakh
  • Listing date: June 24, 2026 on BSE SME Platform

Segment Reporting

Revenue by Business Segment for FY26:

  • Contract Revenue: ₹14,370.61 lakh
  • Total Segment Revenue: ₹15,233.77 lakh
  • Segment Profit: ₹2,824.57 lakh
  • Operating Profit: ₹1,498.92 lakh

Significant Accounting Matters

1. The company is exempt from Indian Accounting Standards (Ind AS) due to SME Exchange listing exemption

2. The financial statements incorporate the impact of the Labour Codes effective November 21, 2025, including re-measurement of employee benefit obligations

3. Segment cost allocation is based on revenue proportion as disaggregated cost data is not separately maintained

Auditor Information

  • Statutory Auditor: M/s. GRSM & Associates, Chartered Accountants (Firm Registration Number: 000863S)
  • Audit Opinion: Unmodified opinion on the audited financial results
  • Internal Auditor (new): M/s. Ishwar and Gopal, Chartered Accountants (Firm Registration Number: 001154S)