Board Meeting Details
The Board of Directors meeting was held on Friday, November 13, 2026, commencing at 4:30 PM and concluding at 5:00 PM.
Key Decisions Approved
1. Financial Results: Approved the Standalone and Consolidated Unaudited Financial Statements for the half year ended September 30, 2026, as recommended by the Audit Committee.
2. Appointment: Approved the appointment of Ms. Shairy Agrawal (ICSI Membership No.: A59875) as the Company Secretary and Compliance Officer of the Company with effect from November 13, 2026, as recommended by the Nomination and Remuneration Committee.
Financial Performance - Standalone (Amount in Lakhs)
Income Statement Highlights:
- Revenue from Operations: ₹1,909.10 (H1 FY27) vs ₹1,628.56 (H1 FY26)
- Other Income: ₹39.87 (H1 FY27) vs ₹5.00 (H1 FY26)
- Total Revenue: ₹1,948.97 (H1 FY27) vs ₹1,633.56 (H1 FY26)
- Total Expenses: ₹1,966.73 (H1 FY27) vs ₹1,310.62 (H1 FY26)
- Profit Before Tax: Loss of ₹17.76 (H1 FY27) vs Profit of ₹322.95 (H1 FY26)
- Tax Expense: ₹6.13 (H1 FY27) vs ₹81.83 (H1 FY26)
- Net Loss: ₹23.89 (H1 FY27) vs Net Profit of ₹241.12 (H1 FY26)
- Basic & Diluted EPS: -₹0.54 (H1 FY27) vs ₹5.42 (H1 FY26)
Balance Sheet Position (as at September 30, 2026):
- Total Assets: ₹3,478.61 lakh
- Share Capital: ₹445.06 lakh
- Reserves and Surplus: ₹1,523.48 lakh
- Long-Term Borrowings: ₹360.70 lakh
- Short-Term Borrowings: ₹960.00 lakh
- Trade Payables: ₹57.34 lakh
Cash Flow Statement:
- Net Cash Flow from Operating Activities: -₹15.87 lakh
- Net Cash Used in Investing Activities: -₹149.76 lakh
- Net Cash from Financing Activities: ₹165.62 lakh
- Cash and Cash Equivalents at end: ₹10.80 lakh
Financial Performance - Consolidated (Amount in Lakhs)
Income Statement Highlights:
- Revenue from Operations: ₹1,925.79 (H1 FY27)
- Other Income: ₹38.37 (H1 FY27)
- Total Revenue: ₹1,964.16 (H1 FY27)
- Total Expenses: ₹1,988.00 (H1 FY27)
- Profit Before Tax: Loss of ₹23.84 (H1 FY27)
- Tax Expense: ₹6.13 (H1 FY27)
- Net Loss Attributable to Parent: ₹31.80 (H1 FY27)
- Basic & Diluted EPS: -₹0.71 (H1 FY27)
Entities Included in Consolidation:
1. Olatech Digital Solutions Limited (85% subsidiary)
2. Skillsbiz Education Private Limited (25% associate)
Appointment Details (Annexure I)
Ms. Shairy Agrawal appointed as Company Secretary and Compliance Officer:
- Effective Date: November 13, 2026
- ICSI Membership No.: A59875
- Profile: Associate Member of ICSI with experience in corporate laws, corporate governance, statutory compliances, secretarial matters, and regulatory affairs
- Expertise: Companies Act 2013, SEBI Regulations, listing compliances, and other applicable laws
Auditor's Review
M/s Manoj Agrawal & Co., Chartered Accountants (Firm Registration Number: 004796C) issued limited review reports on both standalone and consolidated financial results. The reviews were conducted in accordance with SRE 2410 and concluded that nothing came to their attention causing them to believe the statements contain material misstatements.
Additional Notes
- The company operates in one business segment: Technology Supply Services & Support
- No investor complaints received during the period
- No exceptional or extraordinary items for the reporting period
- Figures for previous periods have been regrouped/reclassified where necessary
- The company is exempt from adopting Ind AS as it is listed on SME Platform