Meeting Details
The Board of Directors meeting was held on May 26, 2026, commencing at 10:00 AM IST and concluding at 12:25 PM IST.
Financial Results Overview
Standalone Financial Performance (Amounts in ₹ Lakhs)
Quarter Ended March 31, 2026:
- Revenue from operations: ₹2,370.11
- Other income: ₹231.08
- Total revenue: ₹2,601.19
- Profit before tax and exceptional items: ₹825.17
- Exceptional items (New Labour Codes impact): ₹0.00
- Profit before tax: ₹825.17
- Total tax expense: ₹208.67
- Profit after tax: ₹616.50
- Other comprehensive income: ₹15.42
- Total comprehensive income: ₹631.92
- Basic EPS: ₹0.11
- Diluted EPS: ₹0.11
Year Ended March 31, 2026:
- Revenue from operations: ₹10,203.48
- Other income: ₹439.96
- Total revenue: ₹10,643.44
- Profit before tax and exceptional items: ₹2,903.31
- Exceptional items (New Labour Codes impact): ₹32.02
- Profit before tax: ₹2,871.29
- Total tax expense: ₹808.45
- Profit after tax: ₹2,062.84
- Other comprehensive income: ₹25.02
- Total comprehensive income: ₹2,087.86
- Basic EPS: ₹0.35
- Diluted EPS: ₹0.35
Consolidated Financial Performance (Amounts in ₹ Lakhs)
Year Ended March 31, 2026:
- Revenue from operations: ₹69,476.01
- Profit before tax and exceptional items: ₹14,778.41
- Exceptional items (New Labour Codes impact): ₹164.19
- Profit before tax: ₹14,614.23
- Total tax expense: ₹3,185.55
- Profit after tax: ₹11,428.68
- Non-controlling interest: ₹5.49
- Profit for owners: ₹11,423.19
- Total comprehensive income: ₹13,628.42
- Basic EPS: ₹1.95
- Diluted EPS: ₹1.95
Balance Sheet Position (Standalone as of March 31, 2026)
- Total assets: ₹56,416.39 lakhs
- Equity share capital: ₹11,781.34 lakhs (58,90,67,120 shares of ₹2 each)
- Other equity: ₹14,302.02 lakhs
- Total equity: ₹26,083.36 lakhs
- Non-current liabilities: ₹27,843.72 lakhs
- Current liabilities: ₹2,489.32 lakhs
- Total liabilities: ₹30,333.03 lakhs
Cash Flow Statement (Standalone FY26)
- Cash from operating activities: ₹3,271.24 lakhs
- Cash used in investing activities: ₹7,899.43 lakhs
- Cash from financing activities: ₹5,889.46 lakhs
- Net increase in cash: ₹1,261.27 lakhs
- Closing cash balance: ₹2,081.61 lakhs
Segment Reporting (Consolidated)
The company operates in three segments:
1. IT-Surveillance: FY26 revenue ₹16,185.16 lakhs, segment result ₹7,711.62 lakhs
2. IT/ITES Services: FY26 revenue ₹51,937.97 lakhs, segment result ₹13,567.95 lakhs
3. Drone: FY26 revenue ₹1,352.88 lakhs, segment result ₹141.64 lakhs
Significant Events and Transactions
1. New Labour Codes Implementation: Effective November 21, 2025, the Government consolidated 29 labour regulations into four codes. The company recognized an exceptional expense of ₹32.02 lakhs (standalone) and ₹164.18 lakhs (consolidated) for past service costs.
2. Finoux Solutions Acquisition: The company acquired shares in Finoux Solutions Private Limited under Share Purchase Agreement dated May 12, 2025, for gross consideration of ₹43.80 crores (fair value ₹43.22 crores), recognizing goodwill of ₹1,169.26 lakhs. 10% paid in cash, 80% settled via equity shares allotted on November 11, 2025, and 10% payable after 18 months.
3. Scandron Rights Issue: On March 24, 2026, subsidiary Scandron Private Limited made a rights issue of equity shares (face value ₹10 each) at issue price of ₹100 per share. The company participated for ₹56,00,00,000, shown as share application money under investments. Allotment pending.
Subsidiaries Included in Consolidation
1. IVIS International Private Ltd. (India)
2. Provigil Surveillance Ltd. (India)
3. JNIT Technologies Inc. (USA)
4. Scandron Pvt. Ltd. (India)
5. Finoux Solutions Pvt. Ltd (India)
6. Motivity Labs Pvt Ltd. (India) - Step down
7. Motivity Labs Inc. (USA) - Step down
8. Motivity Canada (Canada) - Step down