Company Overview

Lee & Nee Softwares (Exports) Limited (BSE: 517415) has disclosed its FY26 financial results and notice for its 38th Annual General Meeting. The company operates in information technology services and share trading business, with subsidiaries including Lensel Web Services Private Limited and Rituraj Shares Broking Private Limited.

Financial Performance

Consolidated Results:

  • Revenue from operations increased 8.24% to ₹11.61 crore (FY25: ₹10.73 crore)
  • Profit after tax stood at ₹31.26 lakhs (FY25: ₹31.14 lakhs)
  • Earnings per share remained stable at ₹0.06

Standalone Performance:

  • Revenue grew 8.41% to ₹11.14 crore
  • PAT improved to ₹42.15 lakhs from ₹38.55 lakhs in FY25
  • EPS increased to ₹0.08 from ₹0.07

Balance Sheet & Investments

The company maintains a strong investment portfolio totaling ₹763.40 lakhs in non-current assets, including a significant ₹734.90 lakhs partnership stake in M.M.International. Key balance sheet items include:

  • Property, Plant & Equipment: ₹40.86 lakhs net book value
  • Goodwill: ₹2,439.35 lakhs (unchanged from amalgamation)
  • Loans receivable: ₹1,547.89 lakhs
  • Trade receivables: ₹250.50 lakhs (all outstanding >3 years)

AGM & Corporate Governance

The 38th AGM is scheduled for September 29, 2026, to be conducted virtually. Key agenda items include:

  • Adoption of FY26 standalone and consolidated financial statements
  • Re-appointment of Sagar Mal Gupta as director
  • Appointment of Kirrti Lahoti as Independent Director for 5 years
  • Revision of MD Mahesh Gupta's remuneration to ₹1.5 lakh/month effective October 2026

Subsidiary Performance

Lensel Web Services: Revenue increased 4.9% to ₹47.72 lakhs with minimal PBT of ₹0.19 lakhs

Rituraj Shares Broking: Reported no operational revenue and loss of ₹12.48 lakhs

Consolidated net assets breakdown shows parent company contributes 91.20% while subsidiaries account for the remainder.

Management & Compliance

The board composition includes 6 directors (1 executive, 5 non-executive including 3 independent directors). All regulatory compliance requirements under SEBI and Companies Act were met, with minor delay in AGM voting results submission due to state holidays. The company maintains proper corporate governance structure with functional committees and vigil mechanism.

Accounting & Disclosure

Financial statements prepared under Indian Accounting Standards (Ind AS) with detailed policies for financial instruments, fair value measurement, and impairment. The company disclosed no material related party transactions, no dividend recommendation due to brought forward losses, and full compliance with accounting software audit trail requirements.