Date: July 30, 2026
Financial Results (Standalone & Consolidated)
Consolidated Financial Results (₹ in Crores, except EPS):
Quarter ended June 30, 2026:
- Revenue from operations: 44.99
- Other income: 14.10 (includes ₹6.73 crore service tax refund)
- Total income: 59.09
- Total expenses: 66.41
- Loss before tax: (7.32)
- Tax benefit: (2.04)
- Loss after tax: (5.28)
- Total comprehensive loss: (5.02)
- Basic EPS: (0.94)
- Diluted EPS: (0.94)
Comparatives:
- June 30, 2025: Revenue 57.23, Loss (5.51)
- March 31, 2026: Revenue 48.73, Loss (19.94)
- Year ended March 31, 2026: Revenue 261.02, Loss (10.93)
Standalone Financial Results (₹ in Crores, except EPS):
Quarter ended June 30, 2026:
- Revenue from operations: 44.99
- Other income: 14.12
- Total income: 59.11
- Total expenses: 66.25
- Loss before tax: (7.14)
- Tax benefit: (2.04)
- Loss after tax: (5.10)
- Total comprehensive loss: (5.07)
- Basic EPS: (0.91)
- Diluted EPS: (0.91)
Business Highlights:
- Enterprise Revenue: ₹30.0 crore (down 5.5% YoY)
- Consumer Revenue: ₹19.2 crore (down 39.3% YoY)
- Order Book: ₹56+ crore
- Deferred Revenue: ₹52.3 crore (up from ₹33.8 crore in Q4 FY26)
- Overdues reduced by nearly ₹70 crore since H1FY26, now at ₹106.6 crore
KMP / Board / Auditor Changes
Director Re-appointment:
- Mr. Richard Stiennon (DIN: 09324046) proposed for re-appointment as Non-Executive Independent Director
- Second term of 5 consecutive years effective September 27, 2026 to September 26, 2031
- Subject to shareholder approval at ensuing Annual General Meeting
- Profile: Over 30 years experience in cybersecurity industry, previously held senior positions at Gartner, PwC, Webroot Software, Fortinet, and Blancco Technology Group
- Not related to any existing director of the Company
- Not debarred from holding director position
CEO Appointment:
- Mr. Harish Kumar GS appointed as Chief Executive Officer w.e.f. June 18, 2026
Board Meeting Outcomes
The Board of Directors at its meeting held on July 30, 2026 (5:30 PM to 8:30 PM IST) approved:
1. Unaudited Consolidated and Standalone Financial Results for quarter ended June 30, 2026
2. Limited Review Report from M S K A & Associates LLP with unmodified opinion
3. Proposed re-appointment of Mr. Richard Stiennon as Independent Director
4. Shifting of Registered Office within Pune city limits
5. Location of Books of Accounts at Corporate Office in Yerwada, Pune
Operational & Strategic Updates
Registered Office Shift:
- From: Solitaire Business Hub, Office No. 7010 C & D, 7th Floor, Opposite Neco Garden Society, Viman Nagar, Pune - 411014
- To: S. No. 1442-1445, Thube Park, Shivajinagar, Pune - 411005
- Effective: July 30, 2026
Books of Accounts Location:
- Corporate Office: 3rd and 4th Floor, Indiqube Orchid, Shastrinagar, Yerwada, Pune - 411006
- Effective: July 30, 2026
Strategic Highlights:
- Secured new patent for advanced Network Access Control (NAC) technology
- Partnership with JISA Softech for DPDP compliance solutions
- Multi-year order for 1.5 lakh devices from Defence sector
- Seqrite XDR customer win in banking technology sector
- Threat intelligence order from large IT services company
- Uncovered Operation XENOFISCAL cybersecurity threat
Notes to Financial Results
Significant Items:
- Other income includes ₹6.73 crore refund of pre-deposit and related interest for Service Tax proceedings concluded in FY2023
- Impact of New Labour Codes: Recognized incremental expense of ₹1.33 crore under employee benefits for past service cost relating to compensated absences
- Operating segment: Single reportable segment - cyber security platform
- Geographic revenue: India ₹41.35 crore, Outside India ₹3.64 crore
- No customer contributed more than 10% of total revenue for quarter ended June 30, 2026
Capital Market Data (as of June 30, 2026)
- Face Value: ₹10.00
- Market Price: ₹172.40
- 52 Week H/L: ₹416.00/₹125.00
- Market Cap: ₹9,354.17 million
- Equity Shares Outstanding: 54.26 million
- 1 Year Avg. Trading Volume: 678,210
- 1 Year Avg. Net Turnover: ₹172.13 million