Key Financial Figures

  • Total Assets: ₹72,367.41 thousand (Previous: ₹15,064.98 thousand)
  • Equity Share Capital: ₹15,550.20 thousand (Previous: ₹10.20 thousand)
  • Other Equity: ₹45,967.19 thousand (Previous: ₹12,500.48 thousand)
  • Total Income: ₹56,816.61 thousand
  • Net Profit for Period: ₹12,447.26 thousand (Previous year: ₹5,060.31 thousand)
  • Earnings Per Share (Basic & Diluted): ₹3.15 (Previous: ₹3.05)
  • Cash and Cash Equivalents: ₹10,371.77 thousand
  • Bank Balances (other than cash): ₹51,252.06 thousand
  • Inventory: ₹3,490.10 thousand (Previous: ₹929.10 thousand)
  • Trade Receivables: ₹1,872.72 thousand (Previous: ₹1,139.00 thousand)

Capital Structure Changes

  • Bonus Issue: 1,22,40,000 equity shares issued in ratio 1200:1 at face value of ₹10 each, increasing equity share capital by ₹12,24,00,000
  • Initial Public Offer: 33,00,000 equity shares issued at face value ₹10 each with premium of ₹136 per share
  • Total IPO Proceeds: ₹48,18,00,000 (₹33,00,000 face value + ₹44,88,00,000 premium)
  • IPO Expenses: ₹8,31,46,217 adjusted against share premium account
  • Post-IPO Capital: Total equity share capital stands at ₹15,55,02,000
  • Listing: Shares listed on Bombay Stock Exchange on 25th March 2026
  • Unutilized IPO Proceeds: ₹43,06,54,000 temporarily deposited in bank fixed deposits as of March 31, 2026

Key Audit Matters

Revenue Recognition: Company engaged in software development and loyalty programs for banks/financial institutions. Auditors involved IT specialists to assess controls.

Capital Issues: Auditors examined resolutions, prospectus, listing approvals, bank statements, monitoring agency reports, and SEBI compliances.

Regulatory and Compliance Matters

  • GST Demand: Department of Goods and Service Tax raised demand of ₹62,07,169 for tax period 2021-22. Company has appealed and deposited ₹3,27,882 as pre-deposit.
  • Internal Controls: Adequate internal financial controls system in place and operating effectively.
  • No Pending Litigations: Company has no pending litigations impacting financial position.
  • No Dividend Declared: No dividend paid during half year ended March 31, 2026.
  • Internal Auditor: Company listed in March 2026, required to appoint internal auditor within 6 months from listing date (25th March 2026).

Cash Flow Highlights

  • Cash from Operating Activities: ₹19,567.37 thousand
  • Cash from Investing Activities: ₹268.06 thousand
  • Cash from Financing Activities: ₹39,845.80 thousand
  • Net Increase in Cash: ₹59,681.23 thousand

Other Significant Disclosures

  • No material uncertainty related to going concern
  • No fraud reported during audit period
  • No whistle-blower complaints received
  • No defaults in loan repayments
  • No funds raised on short-term basis used for long-term purposes
  • All related party transactions compliant with Section 188 of Companies Act
  • Company not required to maintain cost records under Section 148(1)
  • Remuneration to directors within limits prescribed under Section 197