Board Meeting Details

The Board of Directors meeting was held on Friday, 22nd May 2026, commencing at 10:00 AM and concluding at 08:00 PM.

Key Agenda Items Approved

1. Financial Results Approval

The Board approved:

  • Audited Standalone Financial Results for quarter and year ended 31st March 2026
  • Audited Consolidated Financial Results for quarter and year ended 31st March 2026

2. Director Appointment

The Board approved the appointment of Mr. Martin Ansell (DIN: 11730141) as Additional Director (Non-Executive Independent) with effect from 22nd May 2026 for a period of five years, subject to shareholder approval.

Auditor Reports

Statutory Auditors CNK & Associates LLP Chartered Accountants issued audit reports with unmodified opinion on both standalone and consolidated financial results.

Consolidated Financial Performance (FY2026)

Income Statement Highlights (₹ in Lakhs)

  • Total Revenue from Operations: ₹26,373.35 (FY2025: ₹18,549.81)
  • Other Income: ₹305.93 (FY2025: ₹193.40)
  • Total Income: ₹26,679.28 (FY2025: ₹18,743.21)
  • Total Expenses: ₹26,118.34 (FY2025: ₹19,074.77)
  • Profit before tax: ₹560.94 (FY2025: loss of ₹469.45)
  • Tax Expense: Current tax ₹363.34, Deferred tax credit ₹513.64
  • Net Profit after tax: ₹1,011.25 (FY2025: loss of ₹379.18)
  • Total Comprehensive Income: ₹1,473.71 (FY2025: loss of ₹153.09)

Quarterly Consolidated Performance (Q4 FY2026)

  • Revenue from Operations: ₹6,507.28
  • Net Profit after tax: ₹190.25
  • EPS: ₹1.54 (basic & diluted)

Balance Sheet Position (Consolidated as at 31st March 2026)

  • Total Assets: ₹27,341.73 lakhs (Previous year: ₹21,986.19 lakhs)
  • Equity Share Capital: ₹1,234.16 lakhs
  • Other Equity: ₹7,689.44 lakhs
  • Total Equity: ₹8,923.60 lakhs
  • Total Liabilities: ₹18,418.14 lakhs

Segment Reporting

The Group operates in two geographical segments:

  • India Segment Assets: ₹11,474.54 lakhs
  • UK Segment Assets: ₹15,867.18 lakhs
  • India Segment Revenue: ₹15,844.31 lakhs
  • UK Segment Revenue: ₹11,039.70 lakhs

Standalone Financial Performance (FY2026)

Income Statement Highlights (₹ in Lakhs)

  • Total Revenue from Operations: ₹411.71 (FY2025: ₹385.67)
  • Other Income: ₹218.96 (FY2025: ₹38.05)
  • Total Income: ₹630.67 (FY2025: ₹423.72)
  • Total Expenses: ₹1,055.30 (FY2025: ₹828.01)
  • Loss before tax: ₹424.63 (FY2025: loss of ₹404.29)
  • Net Loss after tax: ₹155.70 (FY2025: loss of ₹433.21)
  • Total Comprehensive Loss: ₹159.71 (FY2025: loss not specified)

Balance Sheet Position (Standalone as at 31st March 2026)

  • Total Assets: ₹13,526.27 lakhs (Previous year: ₹12,807.05 lakhs)
  • Equity Share Capital: ₹1,234.16 lakhs
  • Other Equity: ₹9,701.93 lakhs
  • Total Equity: ₹10,936.05 lakhs

ESOP Compensation Expense

The Company granted Employee Stock Options in February 2025 (Tranche 1) and March 2026 (Tranche 2). For FY2026:

  • Consolidated ESOP amortization: ₹620.08 lakhs non-cash charge
  • Standalone ESOP amortization: ₹330.76 lakhs non-cash charge

Subsidiary Information

The consolidated results include six subsidiaries:

1. Acrastyle EPS Technologies Limited (Whole Owned Subsidiary)

2. S&S Power Switchgear Equipment Limited (Whole Owned Subsidiary)

3. Hamilton Research and Technology (Whole Owned Subsidiary)

4. Acrastyle Power (India) Limited (Whole Owned Subsidiary)

5. Acrastyle Switchgear Limited, UK (Step-Down Subsidiary)

6. Acrastyle Limited, UK (Step-Down Subsidiary)

Subsidiaries contributed total assets of ₹17,810.88 lakhs and total revenue of ₹19,549.73 lakhs for FY2026.

Cash Flow Information

Consolidated Cash Flows (FY2026)

  • Net cash from operating activities: ₹428.16 lakhs
  • Net cash used in investing activities: ₹1,177.74 lakhs
  • Net cash from financing activities: ₹869.29 lakhs
  • Net increase in cash: ₹119.71 lakhs

Standalone Cash Flows (FY2026)

  • Net cash used in operating activities: ₹390.80 lakhs
  • Net cash used in investing activities: ₹0.26 lakhs
  • Net cash from financing activities: ₹363.46 lakhs
  • Net decrease in cash: ₹27.59 lakhs

Audit Committee Review

The Audit Committee reviewed the financial results on 21st May 2026 prior to board approval.

Declaration of Unmodified Opinion

Chief Financial Officer C N Sathyanarayanan declared that statutory auditors issued unmodified opinion on both standalone and consolidated financial results, complying with Regulation 33(3)(d) of SEBI LODR Regulations.

#S&SPowerSwitchgear #FY2026Results #SEBIDisclosure #FinancialResults #RegulatoryCompliance #Neutral