Financial Performance Highlights (Standalone)

  • Revenue from Operations: ₹1,755.24 lakhs (₹17.55 crore), up 44.06% YoY from ₹1,218.39 lakhs in FY25
  • Profit After Tax: ₹830.28 lakhs (₹8.30 crore), up 85.29% YoY from ₹448.10 lakhs in FY25
  • Net Profit Margin: 47.30% vs 36.78% in FY25
  • Basic & Diluted EPS: ₹7.66 vs ₹4.70 in FY25
  • Shareholders' Funds: ₹4,469.49 lakhs as of March 31, 2026 vs ₹3,561.31 lakhs in FY25
  • Debt-Equity Ratio: 0.03 (consistent with previous year)
  • EBITDA: ₹1,186.27 lakhs vs ₹711.75 lakhs in FY25

Consolidated Financials

  • Revenue from Operations: ₹1,755.24 lakhs
  • Profit After Tax: ₹830.25 lakhs
  • Results are substantially similar to standalone figures with minimal minority interest impact

Strategic and Operational Highlights

  • e-Notary Platform: Progressed under MoU with GIL-DST, Government of Gujarat
  • Submitted Detailed Project Report
  • Conducted live demonstration to Secretary, Legal Department, Government of Gujarat
  • Submitted proposal to IT Ministry, Government of Odisha
  • Demonstrated capabilities at office of Hon'ble Union Law Minister
  • Pilot deployment planned for FY 2026-27
  • Product Launches:
  • FlowShift: Enterprise Data Validation & Remediation suite launched with 9-pass auto-mapping and Health Score engine
  • VizMan AI: AI capabilities under active development
  • International expansion commenced with deployments in Ghana and Nigeria
  • Client Metrics:
  • VizMan: 500+ deployments across India
  • InsiderQ: Customer base crossed 50+ listed companies and intermediaries

Capital Structure Changes

  • Paid-up Capital: Increased from ₹10,71,42,000 to ₹10,83,42,000 during FY26
  • Warrant Conversions:
  • 72,000 equity shares allotted on July 9, 2025
  • 48,000 equity shares allotted on January 22, 2026
  • Total 120,000 shares allotted during FY26
  • Post-Year-End Conversions (FY27):
  • 4,46,400 shares allotted on May 11, 2026
  • 5,60,000 shares allotted on May 30, 2026
  • 2,185 shares allotted on June 10, 2026
  • Total paid-up capital reached ₹11,84,27,850 as of report date

Fund Utilization

  • IPO Proceeds (₹399.01 lakhs): Fully utilized as per offer document
  • Preferential Issue of Equity Shares (₹10,33,58,400): Fully utilized for working capital and general corporate purposes
  • Preferential Issue of Convertible Warrants: ₹4,76,39,775 received against total issue size of ₹15,93,99,100
  • ₹2.77 crore utilized for working capital
  • ₹1.25 crore for capital expenditure
  • ₹0.74 crore for general corporate purposes

Debt Position

  • Bank OD from YES Bank: ₹88.39 lakhs outstanding (limit: ₹170 lakhs)
  • Term Loan from YES Bank: ₹22 lakhs outstanding (original: ₹30 lakhs)
  • Unsecured Loans from Related Parties: ₹13.45 lakhs outstanding
  • Car Loan from Bank of India: ₹1.32 lakhs outstanding
  • Unsecured Business Loans: ₹8.25 lakhs outstanding from Kotak Mahindra Bank and Hero Fincorp

Corporate Governance

  • Board Changes:
  • Mr. Nirmal Kumar Jain resigned as Director and Chairperson effective May 28, 2025
  • Mr. Siddharth Soni vacated office under Section 167(1)(b) effective February 23, 2026
  • Mr. Sunit Shah and Mrs. Puja Kasera resigned as Independent Directors effective July 08, 2026
  • Key Managerial Personnel Changes:
  • CS Nisha Darji resigned as Company Secretary effective July 07, 2025
  • CS Khushi Golani appointed September 12, 2025, resigned December 31, 2025
  • CS Surbhi Agrawal appointed as Company Secretary effective February 23, 2026
  • Board Meetings: 8 meetings held during FY26
  • Committees: Audit Committee (4 meetings), Stakeholder's Grievance Committee (1 meeting), Nomination & Remuneration Committee (2 meetings)

Associates and Investments

  • Ndear Technologies Private Limited: 30% holding (3,000 equity shares)
  • Proex Advisors LLP: 50% stake
  • Café Blockchain Private Limited: 50% stake (7,500 equity shares)
  • Total investment in associates: ₹583.85 lakhs

Compliance and Certifications

  • CMMI Level 3: Valid through June 2027
  • ISO/IEC 27001:2022: Information Security Management
  • ISO 9001:2015: Quality Management System
  • Secretarial Audit: Clean report from M/s. Nirav Soni & Co.
  • Statutory Audit: Unqualified report from M/s. Chirag R. Shah & Associates

Foreign Exchange Transactions

  • Export Earnings: ₹2,60,000
  • Foreign Expenditure: ₹2,57,382 for various software subscriptions including Notion Labs, Anthropic, Adobe, Figma, Canva, and others

Related Party Transactions

  • Transactions with Proex Advisors LLP, Sanchal Projects Private Limited, and director-related entities
  • All transactions conducted at arm's length basis
  • Aggregate value of related party transactions disclosed in Annexure II

Dividend and Reserves

  • Dividend: No dividend recommended for FY 2025-26
  • Reserves: Entire profit retained in Profit and Loss account

Employee Strength

  • 45 employees as of March 31, 2026
  • No cases of sexual harassment reported during the year

Forward-Looking Statements

  • The report contains forward-looking statements subject to risks and uncertainties including competition, technological changes, regulatory changes, and economic conditions
  • Company does not undertake to update forward-looking statements

AGM Details

  • 9th Annual General Meeting scheduled for September 30, 2026
  • Ordinary business includes adoption of financial statements and reappointment of Mr. Ashish Jain as director
  • Special business includes approval of material related party transactions