Board Meeting Details
The Board of Directors meeting was held on 29th May, 2026, commencing at 4:00 PM and concluding at 4:45 PM.
Key Board Decisions
1. Financial Results Approval: Considered and approved the financial results for half year and financial year ended 31st March, 2026, as reviewed by the Audit Committee and with audit report from M/s Kothawade & Laddha, Chartered Accountants.
2. Dividend Recommendation: Recommended a Final Dividend of ₹0.50 (5.0%) per equity share (face value ₹10 each) for FY26, subject to shareholder approval in the ensuing Annual General Meeting.
3. Internal Auditor Appointment: Approved appointment of M/s Anand R. Chandak & Company, Chartered Accountants as Internal Auditor for FY26-27 effective 29th May, 2026. The firm has over 10 years experience in domestic tax, international taxation, transfer pricing, M&A, due diligence, valuation, and deal advisory.
4. Secretarial Auditor Appointment: Appointed M/s Vijay S. Tiwari & Associates, Company Secretaries as Secretarial Auditor for FY26-27 effective 29th May, 2026. The firm specializes in corporate law matters and provides compliance services.
5. IPO Fund Utilization: Confirmed no deviation or variation in use of proceeds from IPO objects during half year and financial year ended 31st March, 2026.
Financial Results Highlights (₹ in Lakhs)
Year Ended 31 March 2026 vs 31 March 2025:
- Revenue from operations: ₹3,402.66 vs ₹2,524.05 (34.8% increase)
- Other Income: ₹430.05 vs ₹208.79 (106.0% increase)
- Total Income: ₹3,832.71 vs ₹2,732.84 (40.2% increase)
- Profit before tax: ₹816.85 vs ₹656.71 (24.4% increase)
- Net profit: ₹604.51 vs ₹456.87 (32.3% increase)
- Basic & Diluted EPS: ₹4.44 vs ₹4.05
- Paid-up equity share capital: ₹1,360.60 lakhs (unchanged)
- Reserves and surplus: ₹3,142.82 vs ₹2,606.34
Half Year Ended 31 March 2026 vs 30 September 2025:
- Revenue from operations: ₹1,921.39 vs ₹1,481.27
- Other Income: ₹236.42 vs ₹193.63
- Profit before tax: ₹471.06 vs ₹345.79
- Net profit: ₹345.36 vs ₹259.15
- Basic & Diluted EPS: ₹2.54 vs ₹1.90
Balance Sheet Position (as at 31 March 2026 vs 31 March 2025)
- Total assets: ₹6,928.47 lakhs vs ₹5,775.76 lakhs
- Shareholder's funds: ₹4,503.42 lakhs vs ₹3,966.94 lakhs
- Non-current assets: ₹4,025.23 lakhs vs ₹2,374.04 lakhs
- Property, plant and equipment: ₹1,739.81 lakhs vs ₹1,112.70 lakhs
- Current assets: ₹2,903.24 lakhs vs ₹3,401.72 lakhs
- Long-term borrowings: ₹453.18 lakhs vs ₹795.93 lakhs
- Short-term borrowings: ₹1,433.69 lakhs vs ₹638.18 lakhs
Cash Flow Statement (Year Ended 31 March 2026 vs 31 March 2025)
- Net cash from operating activities: ₹1,434.05 lakhs vs ₹802.36 lakhs
- Net cash used in investing activities: (₹1,667.00) lakhs vs (₹1,531.76) lakhs
- Net cash from financing activities: ₹207.10 lakhs vs ₹704.67 lakhs
- Net change in cash: (₹25.85) lakhs vs (₹24.73) lakhs
- Cash and bank balances at end: ₹9.49 lakhs vs ₹35.34 lakhs
IPO Fund Utilization Details
Amount raised through IPO: ₹1,622.70 lakhs (21.11.2024)
Utilization as per original objects:
- Capital expenditure for IT equipment: ₹1,295.88 lakhs (allocated ₹1,295.88 lakhs)
- Public issue expenses: ₹129.29 lakhs (allocated ₹133.00 lakhs)
- General corporate purpose: ₹197.53 lakhs (allocated ₹193.82 lakhs)
Trading Window Closure
Trading window for dealing in company securities will open after 48 hours of results being made public on Friday, 29th May, 2026.
Additional Information
- Company operates in two segments: Sale of Services and Sale of Goods
- No subsidiaries, associates, or joint ventures during reporting period