Board Meeting Details
The Board meeting commenced at 4:30 PM IST and concluded at 9:30 PM IST on May 26, 2026.
Key Business Items Approved
1. Audited Financial Results: Approved audited standalone and consolidated financial results for half year and year ended March 31, 2026, with unmodified audit opinion from statutory auditors.
2. Appointment of Internal Auditors: Appointed M/s. Anil Nair & Associates, Chartered Accountants (Firm Registration No. 000175S) as internal auditors for FY2026-27.
3. Director Regularization: Regularized Ms. Lathika siddharth Pai from Additional Non-Executive Independent Women Director to Non-Executive Independent Women Director, subject to shareholder approval.
4. Director Regularization: Regularized Mr. Perinkulam Mani Mohanraj from Additional Non-Executive Independent Director to Non-Executive Independent Director, subject to shareholder approval.
Financial Results - Standalone (₹ in '000)
Balance Sheet as at March 31, 2026:
- Total Equity and Liabilities: ₹15,47,255 (Previous year: ₹6,13,680)
- Share Capital: ₹1,88,534 (Previous year: ₹69,619)
- Reserves and Surplus: ₹10,65,005 (Previous year: ₹3,07,779)
- Total Assets: ₹15,47,255 (Previous year: ₹6,13,680)
- Cash and Cash Equivalents: ₹4,62,072 (Previous year: ₹1,60,981)
Income Statement for Year Ended March 31, 2026:
- Revenue from Operations: ₹6,25,686
- Other Income: ₹13,948
- Total Income: ₹6,39,634
- Profit Before Tax: ₹1,11,559
- Total Tax Expense: ₹20,710
- Net Profit: ₹90,849
- Weighted Average Shares (Basic): 1,47,20,204
- EPS Basic: ₹6.17
- EPS Diluted: ₹5.84
Cash Flow Statement for Year Ended March 31, 2026:
- Cash from Operating Activities: ₹40,069
- Cash from Investing Activities: (₹3,53,999)
- Cash from Financing Activities: ₹6,15,020
- Net Increase in Cash: ₹3,01,091
Financial Results - Consolidated (₹ in '000)
Balance Sheet as at March 31, 2026:
- Total Equity and Liabilities: ₹34,36,716 (Previous year: ₹9,37,461)
- Share Capital: ₹1,88,534 (Previous year: ₹69,619)
- Reserves and Surplus: ₹13,42,378 (Previous year: ₹3,57,558)
- Minority Interest: ₹92,325 (Previous year: ₹10,311)
- Total Assets: ₹34,36,716 (Previous year: ₹9,37,461)
- Goodwill on Consolidation: ₹5,93,834 (Previous year: ₹97,492)
- Cash and Cash Equivalents: ₹5,96,601 (Previous year: ₹1,68,091)
Income Statement for Year Ended March 31, 2026:
- Profit Before Tax: ₹4,67,572
- Net Profit: Not explicitly stated but derived from components
Cash Flow Statement for Year Ended March 31, 2026:
- Cash from Operating Activities: ₹57,561
- Cash from Investing Activities: (₹10,19,484)
- Cash from Financing Activities: ₹13,90,434
- Net Increase in Cash: ₹4,28,510
IPO Details and Utilization
- IPO completed on December 10, 2025, listing on BSE SME platform
- Issue size: 52,83,000 equity shares of ₹10 face value at ₹194 per share
- Fresh issue: 45,10,200 shares
- Offer for sale: 7,72,800 shares
- Net proceeds from fresh issue: ₹87.49 crore
- IPO expenses: ₹14.30 crore, adjusted against securities premium
Utilization of IPO Proceeds as of March 31, 2026:
1. Debt repayment: ₹13.60 crore (fully utilized)
2. Working capital augmentation: ₹11.22 crore utilized out of ₹25.00 crore
3. Investment in US subsidiary: ₹4.00 crore (fully utilized)
4. Inorganic acquisitions: ₹12.67 crore utilized out of ₹30.59 crore
5. Issue expenses: ₹13.94 crore utilized out of ₹14.30 crore
Subsidiary Information
The consolidated results include 8 subsidiaries:
1. Brain Capitol Technologies (India, 99%)
2. Methodhub Consulting Inc. (USA, 100%)
3. SEW-Tech Inc. (USA, 60%)
4. Leo Technology Ventures Inc. (USA, 100%)
5. Zortech Solutions Inc. (Canada, 51%)
6. Nemera Technologies Co. Ltd. (Thailand, 51%)
7. S & R Professionals LLC (USA, 80%)
8. Zortech Solutions Inc. (USA, 51%)
Important Notes
- The company transitioned from Methodhub Software Private Limited to Methodhub Software Limited on October 18, 2024
- Four additional subsidiaries were acquired during H2 FY2026, affecting comparability of half-yearly results
- Trade receivables, payables, loans and advances are subject to confirmation and reconciliation
- No investor complaints pending during the period
- No exceptional or extraordinary items reported