Key Financial Performance

Standalone Performance

  • Revenue from Operations: ₹125.47 crore (FY26) vs ₹96.97 crore (FY25), growth of 29.40%
  • Profit Before Tax: ₹13.35 crore (FY26) vs loss of ₹0.35 crore (FY25)
  • Profit After Tax: ₹13.22 crore (FY26) vs ₹2.54 crore (FY25), growth of 421%
  • Other Income: Includes reversal of impairment loss of ₹12.88 crore pertaining to investment in Digisol Systems Limited
  • Earnings Per Share: ₹13.25 (FY26) vs ₹2.54 (FY25)
  • Total Income: ₹149.18 crore (FY26) vs ₹110.09 crore (FY25)

Consolidated Performance

  • Revenue from Operations: ₹269.35 crore (FY26) vs ₹214.53 crore (FY25), growth of 25.55%
  • Profit Before Tax: ₹17.64 crore (FY26) vs ₹5.33 crore (FY25)
  • Profit After Tax: ₹13.15 crore (FY26) vs ₹6.61 crore (FY25), growth of 99%
  • Total Income: ₹279.93 crore (FY26) vs ₹226.44 crore (FY25)

Dividend Declaration

  • Recommended final dividend of ₹2 per equity share (100% of face value of ₹2)
  • Dividend payout amounts to ₹1.995 crore, representing 15.09% of standalone net profit
  • Record date fixed: July 10, 2026; Payment date: On or before August 5, 2026
  • Dividend will be taxable in hands of members with TDS deduction as per Income Tax Act

Structural Changes and Regulatory Compliance

  • Effective January 31, 2025: Synegra EMS Limited (subsidiary) amalgamated with Smartlink Holdings Limited pursuant to NCLT order
  • Company surrendered NBFC license to RBI on August 12, 2025 post-amalgamation, shifting to manufacturing focus
  • Financial statements prepared under Division II - Ind AS Schedule III (non-NBFC) instead of Division III (NBFC)
  • All title deeds of immovable properties held in company's name with no benami properties or wilful defaulter status

Subsidiary Performance - Digisol Systems Limited

  • Revenue: ₹235.15 crore (FY26) vs ₹193.83 crore (FY25)
  • Profit Before Tax: ₹17.31 crore (FY26) vs ₹6.22 crore (FY25)
  • Profit After Tax: ₹12.95 crore (FY26)
  • 100% wholly-owned subsidiary engaged in IT networking products business with nationwide distribution network
  • Material unlisted subsidiary with secretarial audit conducted

Employee Benefits and Labour Code Impact

  • Gratuity Liability: Defined benefit obligation of ₹582.21 lakhs with net liability of ₹376.84 lakhs
  • Leave Encashment: Provision of ₹117.85 lakhs with expense of ₹59.09 lakhs
  • Labour Codes 2020 Impact: Incremental expense of ₹297.11 lakhs recognized for past service cost (Gratuity ₹257.03 lakhs + Leave encashment ₹40.08 lakhs)

Investment Properties and Portfolio

  • Investment Properties: Gross value of ₹2,048.07 lakhs with written down value of ₹1,545.52 lakhs
  • Rental Income: ₹176.64 lakhs generated from investment properties
  • Fair Value Assessment: Land ₹5,728.70 lakhs, Buildings ₹896.60 lakhs
  • Investments Portfolio: Non-current debt securities of ₹3,016.56 lakhs and current investments including mutual funds of ₹6,975.44 lakhs

Manufacturing and Strategic Focus

  • Prominent player in IT networking products industry for over three decades, operating as ODM and EMS provider
  • Manufacturing facility in Goa and R&D in Bengaluru producing FTTH, Wi-Fi solutions, structured cabling, telecom equipment, EV chargers, and defense electronics
  • Expansion of active networking and FTTH product portfolios with localization alignment to Make in India initiative
  • Received Production Linked Incentive (PLI) scheme recognition of ₹454.86 lakhs for Telecom and Networking Products

Corporate Governance and AGM Details

  • Board comprises 7 directors (2 Executive, 1 Non-Executive Non-Independent, 4 Non-Executive Independent)
  • Proposed appointment of M S K A & Associates LLP as statutory auditors for 5 years from 33rd AGM
  • Re-appointment of Ms. Arati K. Naik as Executive Director for 5 years from April 1, 2027
  • 33rd AGM Date: August 1, 2026 at 11:00 AM IST at registered office in Goa
  • Book Closure: July 11, 2026 to July 17, 2026 with e-voting facility provided

Risk Factors and Contingencies

  • Technology obsolescence risk, supply chain disruptions, foreign exchange fluctuations, regulatory changes, cybersecurity threats, and intense competition
  • Contingent Liabilities: Disputed customs duty of ₹10.30 lakhs, bank guarantees of ₹65.61 lakhs, corporate guarantees for Digisol of ₹750.00 lakhs
  • Capital Commitments: Estimated contracts of ₹105.41 lakhs and non-cancellable lease liabilities of ₹837.02 lakhs

CSR and Sustainability

  • CSR obligation of ₹8.85 lakhs with actual spending of ₹9.00 lakhs on education purposes through Digisol Systems
  • Environment friendly packaging material adoption and energy efficiency improvements in manufacturing operations
  • Green initiative adopted for electronic delivery of annual report to shareholders