Board Meeting Details

The Board of Directors meeting was held on November 13, 2026, commencing at 03:00 PM and concluding at 4:15 PM. The Board approved and took on record the Unaudited Financial Results (Standalone and Consolidated) for the half year ended September 30, 2026, as reviewed and recommended by the Audit Committee.

Standalone Financial Results (₹ in Lakhs)

Income Statement Highlights:

  • Revenue from operations: Not separately stated (included in Total Revenue)
  • Other income: ₹382.14
  • Total Revenue: ₹382.14
  • Total Expenses: ₹518.97
  • Operation expenses: ₹151.58
  • Employee benefits expense: ₹265.18
  • Finance costs: ₹7.43
  • Depreciation and amortization expense: ₹18.84
  • Other expenses: ₹75.95
  • Loss before tax: ₹(136.83)
  • Tax expense: Not quantified
  • Net loss for the period: ₹(136.83)
  • Number of equity shares: 35.91 lakhs (face value ₹10 each)
  • Basic EPS: ₹(3.81)
  • Diluted EPS: ₹(3.81)

Balance Sheet Position (as of September 30, 2026):

  • Total Equity and Liabilities: ₹1,220.03 lakhs
  • Shareholders' funds: ₹814.12 lakhs (Share capital: ₹359.06 lakhs, Reserves and surplus: ₹455.06 lakhs)
  • Non-current liabilities: ₹231.00 lakhs (Long-term borrowings: ₹231.00 lakhs)
  • Current liabilities: ₹174.91 lakhs
  • Total Assets: ₹1,220.03 lakhs
  • Non-current assets: ₹844.60 lakhs
  • Current assets: ₹375.43 lakhs

Cash Flow Statement:

  • Net cash from operating activities: ₹(91.05) lakhs
  • Net cash used in investing activities: ₹(5.49) lakhs
  • Net cash from financing activities: ₹96.50 lakhs (from long-term borrowings)
  • Net decrease in cash: ₹(0.04) lakhs
  • Cash and cash equivalents at end: ₹42.00 lakhs

Consolidated Financial Results (₹ in Lakhs)

Income Statement Highlights:

  • Revenue from operations: ₹655.16
  • Other income: ₹5.88
  • Total Revenue: ₹661.04
  • Total Expenses: ₹866.42
  • Operation expenses: ₹308.64
  • Employee benefits expense: ₹364.57
  • Finance costs: ₹20.50
  • Depreciation and amortization expense: ₹70.32
  • Other expenses: ₹102.39
  • Loss before tax: ₹(205.38)
  • Tax expense: Not quantified
  • Net loss for the period: ₹(205.38)
  • Number of equity shares: 35.91 lakhs (face value ₹10 each)
  • Basic EPS: ₹(5.72)
  • Diluted EPS: ₹(5.72)

Consolidated Balance Sheet Position (as of September 30, 2026):

  • Total Equity and Liabilities: ₹1,684.59 lakhs
  • Shareholders' funds: ₹625.96 lakhs (Share capital: ₹359.06 lakhs, Reserves and surplus: ₹266.90 lakhs)
  • Non-current liabilities: ₹610.58 lakhs (Long-term borrowings: ₹525.39 lakhs, Deferred tax liabilities: ₹85.19 lakhs)
  • Current liabilities: ₹448.05 lakhs
  • Total Assets: ₹1,684.59 lakhs
  • Non-current assets: ₹1,041.11 lakhs
  • Current assets: ₹643.48 lakhs

Consolidated Cash Flow Statement:

  • Net cash from operating activities: ₹(150.94) lakhs
  • Net cash from investing activities: ₹142.54 lakhs
  • Net cash from financing activities: Not applicable
  • Net decrease in cash: ₹(8.39) lakhs
  • Cash and cash equivalents at end: ₹74.65 lakhs

Subsidiary Information

The consolidated results include the following subsidiaries:

  • Octaware Information Technologies Pvt Ltd
  • Octaware Gulf KSA
  • Octaware Gulf FZE
  • Octaware Gulf QFC

The auditor's report notes reliance on financial statements/results provided by management for the three foreign subsidiaries (OCTAWARE GULF KSA, OCTAWARE GULF FZE, OCTAWARE GULF QFC), except for Octaware Information Technologies Private Limited.

Management Update

With reference to the company's earlier intimation dated September 8, 2026, concerning the resignation of Dr. Vidya Hemakar Shetty, the company requested her to continue serving on the Board. Dr. Shetty agreed to the company's request and confirmed her willingness to continue serving.

Additional Information

  • The company has been listed on the SME platform of BSE since January 13, 2022
  • The company is engaged in only one business segment
  • Corresponding previous period figures have been regrouped/reclassified where necessary