Key Approvals and Financial Results

The Board of Directors considered and approved the following matters:

1. Standalone Audited Financial Results for Q4 and FY ended 31st March 2026:

  • The company reported a net loss of ₹16.41 lakhs for the quarter ended March 31, 2026, compared to a net profit of ₹10.65 lakhs in the corresponding quarter of the previous year (Q4 FY25).
  • For the full financial year ended March 31, 2026 (FY26), the company reported a net loss of ₹35.26 lakhs, compared to a net profit of ₹12.54 lakhs in the previous financial year (FY25).
  • Total Income for FY26 stood at ₹1,306.28 lakhs, a significant increase from ₹503.08 lakhs in FY25.
  • Total Expenses for FY26 were ₹1,259.15 lakhs, up from ₹489.58 lakhs in FY25.
  • Basic and Diluted Earnings Per Share (EPS) for FY26 was negative ₹0.37, compared to positive ₹0.17 in FY25.
  • Paid-up Equity Share Capital increased to ₹965.62 lakhs (Face Value ₹10/- each) as of March 31, 2026, from ₹750.02 lakhs as of March 31, 2025.
  • The financial statements include a Statement of Assets and Liabilities and a Cash Flow Statement.
  • The Statutory Auditor, M/s. A. John Moris & Co., issued an unmodified opinion on the results.

2. Appointment of Auditors:

  • Secretarial Auditor: Appointed M/s. Lakshmmi Subramanian & Associates as the Secretarial Auditor for the financial year 2025-26. The firm is described as having over 33 years of experience serving large listed entities across multiple industries.
  • Internal Auditor: Appointed Mr. Jomy Joseph as the Internal Auditor. His profile mentions 8 years of experience in accounts and finance, including internal auditing, VAT, and financial reporting in UAE and India.

Regulatory Declarations and Compliance

  • Unmodified Audit Opinion: A separate declaration confirmed that the Statutory Auditors did not express any modified opinion in their audit report for the FY26 standalone financial statements (Ref: Regulation 33(d)).
  • Non-Applicability of Regulation 23(9): The company declared that compliance with SEBI LODR Regulation 23(9) regarding related party transactions is not applicable. This is based on the company's paid-up equity share capital of ₹9.66 crores and net worth of ₹14.16 crores as of March 31, 2026, which fall below the specified thresholds (≤ ₹10 cr capital and ≤ ₹25 cr net worth).
  • Statement of Deviation/Variation: The company submitted a statement confirming there was no deviation or variation in the utilization of funds (₹5.39 crores) raised through a preferential allotment of equity shares completed on March 10, 2026. This statement was reviewed by the Audit Committee on May 26, 2026.

Financial Highlights (FY2026 vs FY2025)

  • Revenue from Operations: ₹1,219.57 lakhs (FY26) vs ₹437.33 lakhs (FY25)
  • Other Income: ₹86.71 lakhs (FY26) vs ₹65.75 lakhs (FY25)
  • Total Income: ₹1,306.28 lakhs (FY26) vs ₹503.08 lakhs (FY25)
  • Finance Costs: ₹477.49 lakhs (FY26) vs ₹95.67 lakhs (FY25)
  • Employee Benefit Expenses: ₹133.40 lakhs (FY26) vs ₹106.80 lakhs (FY25)
  • Net Loss: ₹(35.26) lakhs (FY26) vs Net Profit of ₹12.54 lakhs (FY25)
  • EPS (Basic/Diluted): ₹(0.37) (FY26) vs ₹0.17 (FY25)
  • Total Assets: ₹8,455.28 lakhs (Mar-31-26) vs ₹3,509.63 lakhs (Mar-31-25)
  • Total Liabilities: ₹8,004.81 lakhs (Mar-31-26) vs ₹3,417.82 lakhs (Mar-31-25)
  • Equity: ₹450.47 lakhs (Mar-31-26) vs ₹91.81 lakhs (Mar-31-25)

Capital Structure Impact

The company's equity share capital increased during the year due to a preferential allotment, raising ₹5.39 crores. The paid-up capital rose from ₹750.02 lakhs to ₹965.62 lakhs.