Annual General Meeting Details

  • AGM Date: 29th July 2026 at 10:30 AM IST
  • Mode: Video Conference/Other Audio Visual Means
  • Record Date: 22nd July 2026
  • Book Closure: 23rd to 29th July 2026 (both days inclusive)

Agenda Items

1. Ordinary Business: Adoption of audited financial statements and reports for FY 2025-26

2. Ordinary Business: Re-appointment of Mr. Raja Srinivas Nandigam (DIN: 08430111) as Director retiring by rotation

3. Special Business: Shifting of Registered Office from Rajasthan to Telangana and consequential alteration of Memorandum of Association

Financial Performance Highlights (FY 2025-26 vs FY 2024-25)

| Particulars | FY 2025-26 (₹ Lakhs) | FY 2024-25 (₹ Lakhs) | Growth |

| Revenue from Operations | 5,149.88 | 3,222.59 | 59.8% |

| Other Income | 78.03 | 5.68 | 1273.8% |

| Total Income | 5,227.90 | 3,228.26 | 62.0% |

| Total Expenses | 3,566.88 | 2,497.74 | 42.8% |

| Profit Before Tax | 1,661.02 | 730.52 | 127.4% |

| Current Tax | 418.04 | - | - |

| Deferred Tax | 41.25 | 9.58 | 330.6% |

| Profit After Tax | 1,201.73 | 720.94 | 66.7% |

| EPS (Basic & Diluted) | ₹1.57 | ₹1.00 | 57.0% |

Capital Structure Changes

  • Authorized Share Capital: ₹85.00 Crore (8.5 Crore equity shares of ₹10 each)
  • Paid-up Share Capital: Increased to ₹84.79 Crore as on 31-Mar-2026 from ₹71.79 Crore previous year
  • Preferential Allotment: 1,00,00,000 equity shares allotted in two tranches:
  • 47,33,463 shares at ₹44 per share (including ₹34 premium) on 05-Nov-2025
  • 52,66,537 shares at ₹50 per share (including ₹40 premium) on 28-Mar-2026
  • Total funds raised: ₹47.16 Crore

Strategic Business Overview (From Managing Director's Message)

  • Four Strategic Pillars: Artificial Intelligence, Trusted Digital Identity, Digital Governance Platforms, AI-powered SaaS Solutions
  • Key Platforms: NIA (Neural Intellectual Assistant) conversational AI platform, Faceify Edu for educational institutions, Faceify Corp for enterprises
  • International Expansion: MoU executed with Ajnihat Alnajah Group LLC, Kingdom of Saudi Arabia for AI and digital transformation opportunities
  • Employee Strength: 76 employees as on 31-Mar-2026

Board and Committee Composition

Directors as on 31-Mar-2026

1. Mrs. Neelima Nandigam - Non-Executive Director (w.e.f. 06-Dec-2025)

2. Mr. Malladi Venkata Satya Surya Subrahmanya Sastri - Executive Director (w.e.f. 28-May-2025)

3. Mr. Lakshmi Narasimha Kameswara Rao Mantha - Non-Executive Director (w.e.f. 28-May-2025)

4. Mr. Srikanth Somepalli - Independent Director (w.e.f. 28-May-2025)

5. Mr. Vijendra Palavalasa - Independent Director (w.e.f. 28-May-2025)

6. Mr. Raja Srinivas Nandigam - Managing Director

7. Mr. Pramod Reddy Mallaiahgari - Chairman & Independent Director

Key Managerial Personnel

  • Mr. Raja Srinivas Nandigam - Managing Director
  • Mr. Malladi Venkata Satya Surya Subrahmanya Sastri - Chief Financial Officer
  • Mr. T.T.V.R. Seshan - Company Secretary & Compliance Officer (w.e.f. 30-Sep-2025)

Board Meetings

17 meetings held during FY 2025-26

Auditor Appointments

  • Statutory Auditors: M/s. M S P R & Co., Chartered Accountants (appointed for 5 years from FY 2025-26 to FY 2029-30)
  • Secretarial Auditors: M/s. MVK & Associates, Company Secretaries (appointed for 5 years from FY 2025-26 to FY 2029-30)
  • Internal Auditors: M/s. K R A Y & Associates, Chartered Accountants

Related Party Transactions

  • Unsecured interest-free loans from directors:
  • Mr. Raja Srinivas Nandigam: ₹238.26 Lakhs received during year, ₹122.41 Lakhs outstanding
  • Mrs. Neelima Nandigam: ₹55.00 Lakhs received during year, ₹74.54 Lakhs outstanding
  • No materially significant related party transactions requiring disclosure under Section 188 of Companies Act, 2013

Corporate Social Responsibility (CSR)

  • CSR Obligation: ₹4.49 Lakhs (2% of average net profit)
  • CSR Expenditure: ₹4.50 Lakhs on education promotion
  • No unspent CSR amount carried forward

Shareholding Pattern (as on 31-Mar-2026)

  • Promoters: 67.42% (5,36,16,509 shares)
  • Indian Public: 28.57% (2,27,20,591 shares)
  • Bodies Corporate: 2.53% (20,09,255 shares)
  • HUF: 0.84% (6,67,850 shares)
  • NRIs: 0.64% (5,11,341 shares)
  • 100% shares held in dematerialized form

Key Ratios

| Ratio | FY 2025-26 | FY 2024-25 | Change |

| Current Ratio | 3.56 | 3.77 | (5.6%) |

| Debt-Equity Ratio | 0.13 | 0.19 | (31.6%) |

| Debt Service Coverage Ratio | 3.91 | 0.63 | 520.6% |

| Return on Equity | 11% | 25% | (56.0%) |

| Trade Receivables Turnover | 2.94 | 2.86 | 2.8% |

| Operating Profit Margin | 42% | 32% | 31.3% |

| Return on Capital Employed | 13% | 9% | 44.4% |

Important Notes

  • The company underwent Corporate Insolvency Resolution Process (CIRP) with resolution plan approved by NCLT Jaipur Bench on 23-Sep-2024
  • Equity shares were relisted on BSE and trading commenced from 24-Oct-2025 after suspension during CIRP
  • Registered Office shift to Telangana is pursuant to the approved Resolution Plan
  • Demat Suspense Account contained 3,19,656 shares as on 31-Mar-2026 pending shareholder claims
  • No fraud reported by auditors under Section 143(12) of Companies Act, 2013
  • No material orders passed by regulators/courts impacting going concern status

Auditor Opinions

  • Statutory Auditors: Unmodified opinion on financial statements
  • Secretarial Auditors: Clean report with observation about board composition compliance until May-2025
  • Internal Financial Controls: Adequate and operating effectively

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