Board Meeting Details

The 03rd meeting of the Board of Directors for FY2026-2027 was held through audio visual platform on Wednesday, 04 November 2026, commencing at 02:00 PM and concluding at 03:10 PM.

Financial Results Approval

The Board considered, reviewed, approved and taken on record the Un-Audited Financial Results along with the Limited Review Report for the Second Quarter (Q-2) and half year ended 30 September 2026. The results were duly reviewed, approved and recommended by the Audit Committee.

Financial Performance Highlights

Quarter Ended 30 September 2026 (Unaudited):

  • Revenue from operations: ₹400.00 lakhs (compared to ₹370.00 lakhs in Q1 and ₹443.01 lakhs in Q2 FY2025)
  • Other income: ₹136.77 lakhs (compared to ₹43.14 lakhs in Q1 and ₹131.80 lakhs in Q2 FY2025)
  • Total income: ₹536.77 lakhs
  • Total expenses: ₹116.67 lakhs
  • Profit before tax: ₹420.10 lakhs
  • Total tax expense: ₹108.06 lakhs (including current tax ₹108.92 lakhs, tax of earlier years ₹0.24 lakhs, deferred tax credit ₹1.10 lakhs)
  • Profit for the period: ₹312.04 lakhs
  • Other comprehensive income: ₹599.96 lakhs (primarily fair value changes of equity instruments through OCI)
  • Total comprehensive income: ₹912.00 lakhs
  • Basic and diluted EPS: ₹0.51 per share of ₹2 face value

Half Year Ended 30 September 2026 (Unaudited):

  • Revenue from operations: ₹770.00 lakhs (compared to ₹1,044.72 lakhs in H1 FY2025)
  • Other income: ₹179.91 lakhs (compared to ₹205.17 lakhs in H1 FY2025)
  • Total income: ₹949.91 lakhs
  • Profit before tax: ₹723.95 lakhs
  • Profit for the period: ₹539.41 lakhs
  • Total comprehensive income: ₹1,887.50 lakhs
  • Basic and diluted EPS: ₹0.88 per share

Segment Information

The company operates in two reportable segments: IT Hardware and Software Development. Software Development segment contributed ₹400.00 lakhs revenue in Q2 and ₹770.00 lakhs in H1 FY2027.

Balance Sheet Position (as at 30 September 2026)

  • Total assets: ₹8,668.18 lakhs (compared to ₹6,896.83 lakhs as at 31 March 2026)
  • Investments: ₹4,991.32 lakhs (significant increase from ₹3,418.28 lakhs)
  • Equity share capital: ₹1,219.05 lakhs (unchanged)
  • Other equity: ₹6,865.31 lakhs (increased from ₹5,343.52 lakhs)
  • Total equity: ₹8,084.36 lakhs

Dividend Information

The shareholders at the Annual General Meeting held on 8 September 2026 approved a final dividend of ₹0.60 per equity share (30% of face value ₹2) for FY2025-26, aggregating ₹365.71 lakhs, which was paid during the quarter ended 30 September 2026.

Management Changes

Mr. Sahil Jham (DIN: 10795555) resigned as Non-Executive Independent Director due to pre-occupancy and unavoidable circumstances effective closing business hours of 04 November 2026. The resignation letter stated no other material reasons for resignation.

Committee Reconstitution

The Audit Committee was reconstituted with the following composition:

  • Chairman: Mr. Vineet Ladhania (Non-Executive, Independent Director)
  • Member: Mr. Raunak Gandhi (Non-Executive, Independent Director)
  • Member: Ms. Chanda Birendrakumar Sinhababu (Non-Executive, Independent Director)
  • Invitee: Mr. Sunil Raisoni (Managing Director)

Significant Accounting Note

Other comprehensive income includes fair value gain of ₹1,145.23 lakhs on the Company's investment in equity shares of National Stock Exchange of India Limited (held entirely as bonus shares at nil cost), measured at fair value through other comprehensive income.