Board Meeting Details

The Board meeting commenced at 06:00 PM and concluded at 06:30 PM on May 30, 2026.

Key Decisions Approved

1. Audited Financial Results: Approved audited standalone and consolidated financial results for the half year ended and financial year ended March 31, 2026.

2. Internal Auditor Reappointment: Re-appointment of Sanjana Shah as Internal Auditor of the Company under section 138 of Companies Act, 2013 for the financial year 2026-27.

Internal Auditor Appointment Details

  • Name: Sanjana Shah
  • Effective Date: May 30, 2026
  • Term: Financial Year 2026-27
  • Profile: Chartered Accountant with 10 years experience in the company, expertise in controlling production, finance and accounting, advanced computer skills on MS Office, accounting software and databases
  • Relationships: Not applicable (as per disclosure)

Auditor Opinion

Statutory Auditors M/s. R. T. Jain & Co. LLP, Chartered Accountants (FRN: 103961W/W100182) issued audit reports with unmodified opinion on both standalone and consolidated financial results for the financial year ended March 31, 2026.

Standalone Financial Results (Rs. in Lakhs)

Income Statement - Year Ended March 31, 2026

  • Revenue from Operations: 41.37 (Previous year: 29.76)
  • Other Income: 38.65 (Previous year: 39.27)
  • Total Income: 80.01 (Previous year: 69.03)
  • Employee Benefit Expense: 28.75 (Previous year: 23.90)
  • Finance Cost: 0.40 (Previous year: 0.18)
  • Depreciation and Amortization: 2.05 (Previous year: 1.95)
  • Other Expenses: 42.18 (Previous year: 36.69)
  • Total Expenses: 73.38 (Previous year: 62.71)
  • Profit before tax: 6.63 (Previous year: 6.31)
  • Net Profit after tax: 6.63 (Previous year: 6.31)
  • Paid-up Equity Share Capital: 406.89 (Face value ₹10 each)
  • Basic EPS: ₹0.16 (Previous year: ₹0.16)
  • Diluted EPS: ₹0.15 (Previous year: ₹0.16)

Half-Year Performance (March 31, 2026)

  • Revenue from Operations: 8.75
  • Other Income: 22.23
  • Total Income: 30.98
  • Net Loss after tax: (9.81)
  • Basic EPS: (₹0.24)
  • Diluted EPS: (₹0.23)

Standalone Balance Sheet (As at March 31, 2026)

  • Reserves & Surplus: ₹342.58 lakhs
  • Money received against share warrants: ₹150.00 lakhs
  • Property, Plant & Equipment: ₹1.07 lakhs
  • Intangible Assets: ₹5.50 lakhs
  • Deferred Tax Assets (Net): ₹47.45 lakhs
  • Non-current Investments: ₹165.35 lakhs
  • Other Non-current Assets: ₹95.51 lakhs
  • Trade Receivables: ₹30.60 lakhs
  • Cash and Cash Equivalents: ₹244.35 lakhs
  • Short Term Loans & Advances: ₹256.17 lakhs
  • Other Current Assets: ₹65.87 lakhs
  • Total Assets: ₹911.89 lakhs

Standalone Cash Flow Statement

  • Net Cash from Operating Activities: (₹24.16 lakhs)
  • Net Cash from Investing Activities: ₹30.44 lakhs
  • Net Cash from Financing Activities: ₹147.69 lakhs
  • Net Increase in Cash: ₹153.97 lakhs
  • Cash at beginning: ₹90.38 lakhs
  • Cash at end: ₹244.35 lakhs

Convertible Warrant Allotments

1. August 19, 2025: 11,11,111 convertible warrants at issue price of ₹54 per warrant (premium ₹44)

2. March 25, 2026: 23,25,582 convertible warrants at issue price of ₹172 per warrant (premium ₹162)

For both allotments, warrant holders pay 25% upfront and 75% upon conversion exercise.

Investor Complaints Status

  • Pending at beginning: NIL
  • Received during period: NIL
  • Disposed during period: NIL
  • Remaining unsolved: NIL

Consolidated Financial Results (Rs. in Lakhs)

Year Ended March 31, 2026

  • Revenue from Operations: 1,576.01
  • Other Income: 10.72
  • Total Income: 1,586.74
  • Employee Benefit Expense: 202.13
  • Finance Cost: 1.67
  • Depreciation and Amortization: 5.84
  • Other Expenses: 1,325.43
  • Total Expenses: 1,535.07
  • Profit before tax: 51.67
  • Tax Expenses: 3.57
  • Net Profit after tax: 48.10
  • Attributable to Parent: 46.62
  • Attributable to Non-Controlling Interest: 1.48
  • Basic EPS - Total: ₹1.18
  • Diluted EPS - Total: ₹1.12
  • Basic EPS - Parent: ₹1.15
  • Diluted EPS - Parent: ₹1.08

Consolidated Balance Sheet (As at March 31, 2026)

  • Share Capital: ₹406.89 lakhs
  • Reserves & Surplus: ₹205.54 lakhs
  • Money received against share warrants: ₹150.00 lakhs
  • Long Term Borrowings: ₹84.10 lakhs
  • Short Term Borrowings: ₹100.54 lakhs
  • Trade Payables: ₹36.03 lakhs
  • Cash and Cash Equivalents: ₹291.30 lakhs
  • Total Assets: ₹1,036.29 lakhs

Subsidiary Companies Included in Consolidation

1. ZNL Management LLP (Subsidiary, India, 99.99% ownership)

2. Zsolt Ventures LLC (Wholly owned subsidiary, USA, 100% ownership)

3. Sancode Semi Pvt Ltd (Subsidiary, India, 99.99% ownership, incorporated September 22, 2025)

4. Sanfin Technologies Pvt. Ltd (Subsidiary, India, 51% ownership)

Auditor Qualifications

Two subsidiaries with total assets of ₹352.31 lakhs and revenues of ₹1,425.45 lakhs were audited by other auditors. Two other subsidiaries with total assets of ₹213.98 lakhs and revenues of ₹115.20 lakhs provided unaudited financial statements.

Additional Information

Financial results are available on Bombay Stock Exchange website (www.bseindia.com) and company website (www.sancodetech.com). Figures for previous periods have been regrouped/recast for comparability.