Board Meeting Details

The Board of Directors meeting commenced on Friday, May 29, 2026 at 08:00 PM (IST) and concluded on Saturday, May 30, 2026 at 12:59 PM (IST) following an adjournment due to technical issues in affixing Digital Signature Certificates.

Items Approved by Board

  • Audited financial results along with auditor's report for half year and financial year ended 31st March, 2026
  • Financial Statement for financial year ended 31st March, 2026
  • Auditor's Report on financial statements for financial year ended 31st March, 2026
  • Statement of Deviation/Variation under Regulation 32 of SEBI LODR Regulations, 2015

Financial Results Summary (All amounts in INR Lakhs)

For Year Ended 31 March 2026 (Audited)

  • Revenue from operations: ₹2,073.17
  • Other Income: ₹194.85
  • Total Income: ₹2,268.02
  • Total Expenses: ₹1,935.55
  • Profit before exceptional items and tax: ₹332.47
  • Exceptional Items: ₹0
  • Profit before tax: ₹332.47
  • Tax expense: ₹97.39 (Current tax: ₹97.39, Taxes of earlier years: ₹0.51, Deferred tax: -₹14.00)
  • Profit from continuing operations: ₹234.95
  • Profit from discontinuing operations: ₹0
  • Profit for the period: ₹234.95 (₹5.17 crore)
  • Basic EPS: ₹3.71
  • Diluted EPS: ₹3.71

For Half Year Ended 31 March 2026 (Audited)

  • Revenue from operations: ₹801.28
  • Other Income: ₹183.91
  • Total Income: ₹985.20
  • Total Expenses: ₹1,127.91
  • Profit before exceptional items and tax: -₹142.71
  • Exceptional Items: ₹0
  • Profit before tax: -₹142.71
  • Tax expense: -₹25.48 (Current tax: -₹25.48, Taxes of earlier years: ₹0, Deferred tax: -₹3.16)
  • Profit from continuing operations: -₹120.52
  • Profit from discontinuing operations: ₹0
  • Profit for the period: -₹120.52
  • Basic EPS: -₹2.44
  • Diluted EPS: -₹2.44

Comparative Figures (Year Ended 31 March 2025)

  • Revenue from operations: ₹2,090.55
  • Other Income: ₹29.06
  • Total Income: ₹2,119.61
  • Total Expenses: ₹1,404.21
  • Profit before tax: ₹715.40
  • Tax expense: ₹198.41
  • Profit for the period: ₹516.81
  • Basic EPS: ₹9.44
  • Diluted EPS: ₹9.44

Balance Sheet as at 31 March 2026 (INR Lakhs)

Equity & Liabilities

  • Total Equity & Liabilities: ₹5,802.78
  • Non-Current Liabilities: ₹6.19 (Long-term provisions)
  • Current Liabilities: ₹168.67 (Trade payables: ₹1.62 to micro/small enterprises, ₹2.42 to others; Other current liabilities: ₹167.35; Short-term provisions)

Assets

  • Non-Current Assets: ₹1,238.15 (Property, Plant and Equipment: ₹271.03 including Land ₹32.52; Capital work-in-progress: ₹27.31; Non-Current Investment: ₹891.94; Other Non-Current Assets: ₹15.95; Deferred Tax Assets: ₹12.35)
  • Current Assets: ₹4,564.63 (Trade Receivables: ₹1,383.08; Cash and Bank Balances: ₹2,615.23; Short-term Loans and Advances: ₹143.37; Other Current Assets: ₹409.99)

Cash Flow Statement for Year Ended 31 March 2026 (INR Lakhs)

  • Net Cash from Operating Activities: -₹303.41
  • Net Cash from Investing Activities: -₹2,627.62
  • Net Cash from Financing Activities: ₹2,847.65
  • Net Increase/(Decrease) in Cash: -₹83.38
  • Cash and Equivalents at Beginning: ₹243.54
  • Cash and Equivalents at End: ₹160.16

IPO Proceeds Utilization

The company raised ₹39.90 crores through IPO comprising fresh issue of ₹32.70 crores and Offer for Sale of ₹7.20 crores. Equity shares listed on BSE SME Platform on 5 December 2025.

Utilization as of 31 March 2026 (₹ in lakhs):

  • Offer for Sale: ₹720.28 (fully utilized)
  • Capital Expenditure on physical infrastructure: ₹13.84 utilized of ₹185.83 allocated
  • Investment in Human Resources: ₹51.74 utilized of ₹1,527.55 allocated
  • Capital expenditure on IT infrastructure: ₹60.10 utilized of ₹417.41 allocated
  • Business development and marketing: ₹26.99 utilized of ₹250.00 allocated
  • General Corporate Purposes: ₹300.00 utilized of ₹487.32 allocated
  • Public Issue Expenses: ₹402.08 utilized (OFS: ₹72.57, Company: ₹329.51)
  • Total Utilized: ₹1,575.03 of ₹3,990.47
  • Pending Utilization: ₹2,415.44

Business Operations

The company is engaged in providing outsourced software development and technology solutions, including Cloud Engineering, Artificial Intelligence and Machine Learning (AI/ML), UI/UX Design, and Application Development services to enterprises and startups globally. These activities constitute a single reportable segment.