Financial Performance Highlights

Revenue and Profitability

  • Revenue from Operations: ₹14,876.70 Lakhs in FY26 (₹2,199.71 Lakhs in FY25) - 576.30% growth
  • Other Income: ₹462.90 Lakhs in FY26 (₹23.95 Lakhs in FY25) - 1,832.78% growth
  • Total Income: ₹15,339.66 Lakhs in FY26 (₹2,223.67 Lakhs in FY25)
  • Profit Before Tax: ₹4,927.62 Lakhs in FY26 (₹726.69 Lakhs in FY25) - 577.96% growth
  • Net Profit After Tax: ₹3,637.61 Lakhs in FY26 (₹511.54 Lakhs in FY25) - 611.11% growth
  • Earnings Per Share: ₹29.54 in FY26 (₹4.36 in FY25)

Expenses and Provisions

  • Total Expenses: ₹10,309.51 Lakhs in FY26 (₹1,496.97 Lakhs in FY25)
  • Finance Costs: ₹340.06 Lakhs
  • Depreciation: ₹295.23 Lakhs
  • Tax Provision: ₹1,290.01 Lakhs (Current Tax: ₹1,575.91 Lakhs, Deferred Tax Credit: ₹285.84 Lakhs)

Capital Structure Changes

Authorized Share Capital

  • Increased from ₹15.00 Lakhs to ₹1,800.00 Lakhs during the year

Paid-up Share Capital

  • Increased from ₹5.84 Lakhs to ₹1,277.08 Lakhs through:
  • Preferential Allotment: 2,435 shares (18-Jun-2025), 1,252 shares (19-Oct-2025), 417 shares (04-Nov-2025), 200,014 shares (23-Jan-2026)
  • Bonus Issue: 1,25,08,200 shares (15-Dec-2025) in 200:1 ratio

Post-Reporting Period Development

  • Received in-principle approval from BSE Limited on 02-June-2026 for listing on SME Platform
  • Successfully completed IPO of 48,44,000 Equity Shares
  • Listed on BSE SME Platform effective 21-July-2026

Business Operations

Core Business

  • Manufacturing machined components, sheet metal parts, and integrated assemblies for mission-critical applications
  • Operating in railways, aerospace, defense, and semiconductor sectors
  • Both Build-to-Print (BTP) and Build-to-Spec (BTS) models
  • No change in nature of business during FY26

Operational Highlights

  • Four manufacturing facilities in Bengaluru
  • Confirmed order book provides clear revenue visibility for FY27
  • Significant orders from leading global manufacturing group customer
  • Focus on railways, aerospace, defense, and semiconductor sectors

Investee Company Update

  • Quick Pay Private Limited (investment of ₹575.06 Lakhs)
  • AASHVAST solution delivered for Indian Army electronics
  • Positioned as indigenous firmware assurance provider for defense electronics

Corporate Governance

Board of Directors

  • Mr. Sridhar Acharya: Managing Director (DIN: 05341880)
  • Mrs. Sowmya Madhu: Whole Time Director (DIN: 09384848)
  • Mr. Madhu Hulisandra Krishnamurthy: Whole-time Director (DIN: 02332676)
  • Mrs. Rashmi Sridhar Acharya: Non-executive Director & Chairperson (DIN: 08117181)
  • Mr. Subramanian Ganesan: Independent Director (DIN: 05129532)
  • Mr. Maniyil Indrabalan: Independent Director (DIN: 10455440)

Key Managerial Personnel

  • Mr. Ashwath Narayana Halesara Manjunatha: Chief Financial Officer (appointed 16-Oct-2025)
  • Mr. Srivathsan Narasimhan Kumbakonam: Company Secretary & Compliance Officer (appointed 16-Oct-2025)

Board Meetings

  • 19 meetings held during FY 2025-26
  • All directors attended meetings regularly

AGM Details and Resolutions

5th Annual General Meeting

  • Date: 29th September, 2026
  • Time: 12:00 PM
  • Mode: Video Conference/Other Audio-Visual Means
  • Deemed Venue: Registered Office in Bangalore

Ordinary Business

1. Adoption of audited financial statements for FY ended 31-March-2026

2. Re-appointment of Mrs. Rashmi Sridhar Acharya (retiring by rotation)

Special Business

3. Revision of MD Remuneration: Mr. Sridhar Acharya - ₹9.25 lakh/month with up to 30% annual increment (FY27-FY29)

4. Revision of WTD Remuneration: Mr. Madhu Hulisandra Krishnamurthy - ₹6.75 lakh/month with up to 30% annual increment (FY27-FY29)

5. Revision of WTD Remuneration: Mrs. Sowmya Madhu - ₹2.50 lakh/month with up to 30% annual increment (FY27-FY29)

Director Remuneration Details

Current FY26 Remuneration

  • Mr. Sridhar Acharya: ₹49.67 Lakhs
  • Mr. Madhu Hulisandra Krishnamurthy: ₹44.33 Lakhs
  • Mrs. Sowmya Madhu: ₹12.99 Lakhs
  • Mrs. Rashmi Sridhar Acharya: ₹16.33 Lakhs

Proposed Increases

  • All increases effective from FY 2026-27 to FY 2028-29
  • Remuneration may exceed 5% of net profits limit as per special resolution
  • Entitled to remuneration even in absence/inadequacy of profits as per Schedule V

Shareholding Pattern

Promoter Holding (as on 05-Sep-2026)

  • Sridhar Acharya: 18,36,738 shares (14.38%)
  • Rashmi Sridhar Acharya: 19,44,675 shares (15.23%)
  • Madhu Hulisandra Krishnamurthy: 18,36,738 shares (14.38%)
  • Sowmya Madhu: 19,44,675 shares (15.23%)
  • V3 Technologies: 7,48,323 shares (5.86%)
  • Total Promoter Holding: 65.08%

Related Party Transactions

  • All transactions at arm's length basis
  • Significant transactions with V3 Technologies (related partnership firm)
  • Loans taken from directors during the year
  • Details provided in Form AOC-2 annexure

Corporate Social Responsibility

  • CSR Expenditure: ₹7.39 Lakhs incurred in FY26
  • Areas: Education, Health, Eradicating Hunger, Poverty Alleviation, Rural Development
  • Unspent Amount: ₹2.40 Lakhs transferred to PM National Relief Fund on 12-June-2026

Key Ratios and Metrics

  • Current Ratio: 1.43 (1.91 in FY25)
  • Debt Equity Ratio: 0.21 (0.39 in FY25)
  • Return on Equity: 68.25% (37.78% in FY25)
  • Inventory Turnover: 8.36 times (1.64 times in FY25)
  • Net Profit Margin: 24.45% (23.25% in FY25)

Foreign Exchange Transactions

  • Export Earnings: ₹4,085.92 Lakhs (FOB value)
  • Foreign Currency Exposure: USD 38.05 Lakhs and EUR 1.39 Lakhs in trade receivables

Employee Benefits

  • Gratuity Liability: ₹35.94 Lakhs (actuarial valuation)
  • Leave Encashment Liability: ₹10.52 Lakhs (actuarial valuation)
  • Total Employees: 33 women employees working

Bankers and Professional Advisors

  • Bankers: Axis Bank & Union Bank
  • Registrar & Share Transfer Agent: Purva Sharegistry (India) Private Limited
  • Scrutinizer for E-voting: Mr. Himanshu Surendrakumar Gupta