Key Event Details

  • 35th Annual General Meeting to be held on Wednesday, September 2, 2026, at 02:30 PM IST through Video Conferencing/Other Audio-Visual Means
  • Cut-off date for determining members entitled to vote: Wednesday, August 26, 2026
  • Remote e-Voting period: August 29, 2026 (09:00 AM) to September 1, 2026 (05:00 PM)
  • Register of Members will remain closed from August 27, 2026 to September 2, 2026 (both days inclusive)

Financial Performance (Standalone) - FY 2025-26

  • Revenue from operations: ₹236.82 lakh (Previous year: ₹299.80 lakh)
  • Other income: ₹4.04 lakh (Previous year: ₹5.55 lakh)
  • Total income: ₹240.86 lakh (Previous year: ₹305.35 lakh)
  • Employee benefits expense: ₹59.71 lakh (Previous year: ₹111.95 lakh)
  • Depreciation and amortization: ₹11.11 lakh (Previous year: ₹10.37 lakh)
  • Other expenses: ₹88.29 lakh (Previous year: ₹118.39 lakh)
  • Profit before tax: ₹81.75 lakh (Previous year: ₹64.64 lakh)
  • Tax expense: ₹21.23 lakh (Previous year: ₹16.67 lakh)
  • Profit after tax: ₹60.52 lakh (Previous year: ₹47.97 lakh)
  • Earnings per share (basic & diluted): ₹1.93 (Previous year: ₹1.53)

Financial Performance (Consolidated) - FY 2025-26

  • Revenue from operations: ₹291.78 lakh (Previous year: ₹355.64 lakh)
  • Profit before tax: ₹83.73 lakh (Previous year: ₹73.74 lakh)
  • Profit after tax: ₹62.17 lakh (Previous year: ₹55.51 lakh)
  • Attributable to owners: ₹61.55 lakh
  • Attributable to non-controlling interests: ₹0.62 lakh
  • Earnings per share (basic & diluted): ₹1.96 (Previous year: ₹1.77)

Capital Structure

  • Authorized share capital: ₹330.00 lakh (33,00,000 equity shares of ₹10 each)
  • Issued, subscribed and paid-up capital: ₹314.07 lakh (31,40,700 equity shares of ₹10 each fully paid-up)
  • No change in share capital during the year

Dividend and Reserves

  • No dividend recommended for FY 2025-26 to strengthen financial position
  • Balance in Other Equity: ₹1,940.27 lakh (standalone)
  • No amount transferred to General Reserve

Subsidiary Information

  • Megrisoft Limited (UK subsidiary) incorporated on October 18, 2016
  • Holding reduced from 100% to 62.50% during the year due to allotment of additional shares
  • Subsidiary revenue: ₹54.96 lakh
  • Subsidiary profit after tax: ₹1.64 lakh
  • Investment in subsidiary: ₹0.10 lakh
  • Advances to subsidiary: ₹20.19 lakh

Operational Highlights

  • Business segment: Single reportable segment of IT/ITES services
  • IT facility: 57,000 sq ft facility at I-46, Sector 83 Alpha, I.T. City, SAS Nagar, Punjab
  • One floor operational with remaining floors under development
  • Services offered: Web design/development, SEO, digital marketing, AI solutions, app development, IT services
  • Markets served: UK, US, European countries, India

Key Appointments and Changes

  • Director re-appointment: Ms. Aprajita Kohli (DIN: 02489600) retires by rotation and seeks re-appointment
  • Key Managerial Personnel:
  • Mr. Rajnesh Sharma (Whole-time Director and CFO)
  • Ms. Saloni Garg (Company Secretary & Compliance Officer)
  • Statutory Auditors: M/s Narinder Kumar And Company (appointed for 5 years until 38th AGM)
  • Secretarial Auditor: M/s K V Bindra & Associates (appointed for 4 years from FY 2025-26)
  • Internal Auditor: M/s Vikas Wasson and Associates

Regulatory and Compliance Matters

  • SEBI Listing Regulations: Company avails exemption under Regulation 15(2) as paid-up capital < ₹10 crore and net worth < ₹25 crore
  • Corporate Governance: Provisions not applicable due to above exemption
  • Income tax disputes:
  • AY 2013-14: Demand of ₹150.08 lakh (under appeal before CIT(A))
  • AY 2014-15: Demand of ₹65.16 lakh (under appeal before CIT(A))
  • AY 2016-17: Demand of ₹18.68 lakh (under appeal before CIT(A))
  • Consumer complaint: Filed against Godrej Estate Developers for refund of ₹138.42 lakh (pending before NCDRC)

Corporate Governance

  • Board meetings: 6 meetings held during FY 2025-26
  • Committee meetings:
  • Audit Committee: 6 meetings
  • Nomination and Remuneration Committee: 3 meetings
  • Stakeholders' Relationship Committee: 2 meetings
  • Board composition: Combination of Executive, Non-Executive and Independent Directors
  • No complaints received from shareholders during the year

Auditor Reports

  • Statutory Auditor: Unmodified opinion on both standalone and consolidated financial statements
  • Secretarial Auditor: No qualifications, reservations, adverse remarks or disclaimers
  • Internal Financial Controls: Adequate and operating effectively

Other Significant Information

  • Foreign exchange earnings: ₹228.92 lakh (Previous year: ₹201.26 lakh)
  • Foreign exchange expenditure: ₹14.78 lakh (Previous year: ₹6.00 lakh)
  • Investment properties: Three plots with carrying value of ₹447.01 lakh (estimated fair value ₹525.00 lakh)
  • Employee strength: 26 permanent employees as on March 31, 2026
  • No deposits accepted from public under Sections 73 and 76 of Companies Act, 2013
  • No fraud reported by auditors under Section 143(12) of Companies Act, 2013

Future Outlook

The company intends to enhance and diversify its service offerings with focus on digital marketing, web and app development, and IT-enabled services. It aims to strengthen its position as a provider of comprehensive digital solutions in key global markets including UK, US, Canada, Australia and New Zealand.