Key Quantitative Figures

Standalone Financial Results (Amounts in ₹ lakhs):

  • Revenue from Operations: FY2026 - ₹41,144.29; FY2025 - ₹37,393.07
  • Total Income: FY2026 - ₹41,378.24; FY2025 - ₹37,606.65
  • Total Expenses: FY2026 - ₹39,669.55; FY2025 - ₹36,081.31
  • Exceptional Items: ₹2,782.01 (due to new labor codes implementation)
  • Profit Before Tax: FY2026 - (₹1,073.32); FY2025 - ₹1,525.34
  • Profit After Tax: FY2026 - (₹509.25); FY2025 - ₹1,522.94
  • Paid-up Equity Share Capital: ₹1,980.01 (face value ₹10 per share)
  • Reserves and Surplus: ₹16,278.97
  • EPS Basic: (₹2.85) annualized for FY2026; ₹10.10 for FY2025

Balance Sheet Position (Standalone as at March 31, 2026):

  • Total Equity & Liabilities: ₹29,796.60
  • Total Assets: ₹29,796.60
  • Cash and Cash Equivalents: ₹5,841.18
  • Trade Receivables: ₹12,416.05
  • Short-term borrowings: ₹6,980.68

IPO Proceeds Utilization (as of March 31, 2026):

  • Total IPO Proceeds: ₹5,174.82 lakhs
  • Amount Utilized: ₹1,483.48 lakhs
  • Unutilized Amount: ₹3,691.34 lakhs (temporarily parked in fixed deposits and current accounts)
  • Working Capital Requirement: ₹788.71 utilized out of ₹3,600.00 allocated
  • General Corporate Purposes: ₹0 utilized out of ₹955.85 allocated
  • Offer Related Expenses: ₹694.77 utilized against estimated ₹618.97 (excess of ₹75.80)

Dates of Action

  • Board Meeting: May 29, 2026 (commenced 3:00 PM, concluded 7:30 PM)
  • Trading Window Closure: April 1, 2026 to 48 hours after results declaration
  • IPO Listing Date: September 2, 2025 on BSE SME Platform
  • Auditor's Report Date: May 29, 2026

Parties Involved

  • Statutory Auditor: KGRS & Co., Chartered Accountants (Firm Registration No. 310014E)
  • Stock Exchange: BSE Limited (SME Platform)
  • Subsidiaries: NIS Facility Management Services Private Limited (100%), NIS Ace Management Private Limited (99.86%), Keertika Academy Private Limited (99.97%), Keertika Education & Associates LLP (51%), Achilles Resolute Private Limited

Exceptional Item Explanation

The Company recognized employee benefits amounting to ₹2,782.00 lakhs arising from implementation of new labor codes (Code on Wages, 2019; Industrial Relations Code, 2020; Code on Social Security, 2020; Occupational Safety, Health and Working Conditions Code, 2020) notified by Government of India on November 21, 2025. This non-recurring impact has been disclosed as an exceptional item.

Auditor's Opinion

KGRS & Co. issued unmodified opinion on both standalone and consolidated financial results, stating they give true and fair view in conformity with applicable accounting standards and comply with Regulation 33 requirements.

Emphasis of Matter

Auditors emphasized that the statement includes balances of trade receivables, loans & advances and deposits for which balance confirmations have been sought from various parties. While confirmations were received from certain parties and no adverse responses were received from others, management does not expect any material discrepancies.

Capital Structure Impact

Post-IPO share capital increased to ₹1,980.01 lakhs from ₹1,513.81 lakhs in previous year. Reserves and surplus increased to ₹16,278.97 lakhs from ₹12,621.92 lakhs.

Cash Flow Implications

Standalone net cash flow from operating activities: ₹344.13 lakhs (FY2026)

Standalone net cash from investing activities: (₹724.71) lakhs

Standalone net cash from financing activities: ₹4,181.58 lakhs (mainly from IPO proceeds)

Subsidiary Information

Consolidated results include five subsidiaries with ownership ranging from 51% to 100%. Consolidated net loss before tax: (₹619.72) lakhs for FY2026 compared to profit of ₹1,880.13 lakhs in FY2025.