Board Meeting Details
The Board of Directors meeting was held on Friday, November 13, 2026, at 2:00 P.M. at the company's registered office in New Delhi. The meeting commenced at 2:00 p.m. and concluded at 3:30 p.m.
Board Approvals
The Board considered and approved the following items:
- The Unaudited (IND AS) Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026.
- The Limited Review Report of the Statutory Auditors on the Unaudited Financial Results (Standalone & Consolidated) for the quarter and half year ended September 30, 2026.
Auditor's Limited Review Report - Key Qualifications
The statutory auditors, Mukesh Aggarwal & Co., Chartered Accountants, issued a limited review report with the following significant notes:
Basis for Qualified Opinion (from audited FY2026 statements):
- The company has not made any provision for Gratuity as required under the Payment of Gratuity Act, 1972 and Ind AS 19.
- The financial implication of this non-provision could not be ascertained, resulting in understatement of net loss and provisions, and overstatement of cumulative net profits.
Emphasis of Matter (from audited FY2026 statements):
- Trade receivables and trade payables are subject to confirmation and reconciliation, with financial implications unascertained.
- MSME vendor identification processes require strengthening; reliance placed on management representations.
- Work-in-progress (inventory) of ₹1,438.12 lakh was recorded as of March 31, 2025, representing services already consumed but expected to contribute to future service delivery. During FY2025-26, ₹994.23 lakh was charged to P&L, with ₹443.89 lakh remaining in WIP as of March 31, 2026. Supporting documents were not provided for this recognition and subsequent charge. The WIP balance was ₹243.07 lakh as of September 30, 2026.
Standalone Financial Results (Amounts in ₹ Lakh)
Quarter Ended September 30, 2026:
- Revenue from Operations: 181.92
- Other Income: 5.95
- Total Income: 187.87
- Total Expenses: 180.27
- Profit/(Loss) before tax: 7.60
- Tax Expense: 0.70 (Deferred tax)
- Profit/(Loss) for the period: 6.90
- Basic EPS: ₹0.14
- Diluted EPS: ₹0.14
Quarter Ended September 30, 2025:
- Revenue from Operations: 43.00
- Other Income: 7.17
- Total Income: 50.17
- Total Expenses: 75.64
- Profit/(Loss) before tax: (25.47)
- Tax Expense: (1.57) (Deferred tax)
- Profit/(Loss) for the period: (23.90)
- Basic EPS: (₹0.48)
- Diluted EPS: (₹0.48)
Half Year Ended September 30, 2026:
- Revenue from Operations: 224.92
- Other Income: 13.12
- Total Income: 238.04
- Total Expenses: 255.91
- Profit/(Loss) before tax: (17.87)
- Tax Expense: (0.87) (Deferred tax)
- Profit/(Loss) for the period: (17.00)
- Basic EPS: (₹0.34)
- Diluted EPS: (₹0.34)
Half Year Ended September 30, 2025:
- Revenue from Operations: 509.46
- Other Income: 9.86
- Total Income: 519.32
- Total Expenses: 527.01
- Profit/(Loss) before tax: (7.69)
- Tax Expense: 1.43 (Deferred tax)
- Profit/(Loss) for the period: (9.12)
- Basic EPS: (₹0.18)
- Diluted EPS: (₹0.18)
Year Ended March 31, 2026 (Audited):
- Revenue from Operations: 1,071.27
- Other Income: 20.46
- Total Income: 1,091.73
- Total Expenses: 1,103.72
- Profit/(Loss) before tax: (11.99)
- Tax Expense: 3.34 (Deferred tax)
- Profit/(Loss) for the period: (15.33)
- Basic EPS: (₹0.31)
- Diluted EPS: (₹0.31)
Consolidated Financial Results (Amounts in ₹ Lakh)
Quarter Ended September 30, 2026:
- Profit/(Loss) for the period: 6.90
- Share in Profit/(loss) of Associate: (0.08)
- Profit/(Loss) for the period (IX+X): 6.82
- Basic EPS: ₹0.14
- Diluted EPS: ₹0.14
Quarter Ended September 30, 2025:
- Profit/(Loss) for the period: (23.90)
- Share in Profit/(loss) of Associate: 4.10
- Profit/(Loss) for the period (IX+X): (19.80)
- Basic EPS: (₹0.39)
- Diluted EPS: (₹0.39)
Half Year Ended September 30, 2026:
- Profit/(Loss) for the period: (17.00)
- Share in Profit/(loss) of Associate: 4.02
- Profit/(Loss) for the period (IX+X): (12.98)
- Basic EPS: (₹0.26)
- Diluted EPS: (₹0.26)
Half Year Ended September 30, 2025:
- Profit/(Loss) for the period: (9.12)
- Share in Profit/(loss) of Associate: 0.02
- Profit/(Loss) for the period (IX+X): (9.10)
- Basic EPS: (₹0.18)
- Diluted EPS: (₹0.18)
Year Ended March 31, 2026 (Audited):
- Profit/(Loss) for the period: (15.33)
- Share in Profit/(loss) of Associate: 2.99
- Profit/(Loss) for the period (IX+X): (12.34)
- Basic EPS: (₹0.25)
- Diluted EPS: (₹0.25)
Standalone Balance Sheet Highlights (Amounts in ₹ Lakh)
As at September 30, 2026 (Unaudited):
- Total Assets: 1,729.61
- Non-Current Assets: 459.74
- Property, Plant and Equipment: 57.57
- Financial Assets: 342.14 (Investments: 131.39, Loans: 105.00, Others: 105.75)
- Other Non-Current Assets: 60.03
- Current Assets: 1,269.87
- Inventories (Work in Progress, Software): 243.07
- Financial Assets: 1,008.94 (Investments: 250.98, Trade Receivables: 690.92, Cash and Cash Equivalents: 56.54, Other Bank Balances: 8.49, Others: 2.51)
- Other Current Assets: 17.36
- Equity: 550.98
- Equity Share Capital: 502.00
- Other Equity: 48.98
- Non-Current Liabilities: 6.20 (Deferred tax liabilities Net)
- Current Liabilities: 1,178.63
- Financial Liabilities: 1,172.35 (Trade Payables: 1,165.96, Other Financial Liabilities: 6.39)
- Other Current Liabilities: 0.08
As at March 31, 2026 (Audited):
- Total Assets: 2,212.70
- Non-Current Assets: 355.79
- Current Assets: 1,856.91
- Equity: 567.98
- Non-Current Liabilities: 7.07
- Current Liabilities: 1,644.72
Standalone Cash Flow Statement (Half Year Ended, Amounts in ₹ Lakh)
September 30, 2026 (Unaudited):
- Net Cash from Operating Activities: (90.53)
- Net Cash from Investing Activities: 1.26
- Net Cash from Financing Activities: (0.09)
- Net decrease in cash & cash equivalents: (89.31)
- Cash and cash equivalents (Opening Balance): 145.85
- Cash and cash equivalents (Closing Balance): 56.54
September 30, 2025 (Unaudited):
- Net Cash from Operating Activities: 56.75
- Net Cash from Investing Activities: 2.02
- Net Cash from Financing Activities: (0.01)
- Net increase in cash & cash equivalents: 58.76
- Cash and cash equivalents (Opening Balance): 4.11
- Cash and cash equivalents (Closing Balance): 62.87
Additional Information
- The company's business activity falls within a single segment: trading of "IT hardware & software and related services."
- The financial results were reviewed by the Audit Committee and taken on record by the Board of Directors.
- The limited review report of the Statutory Auditors is being filed with BSE Limited.
- Paid-up equity share capital remained unchanged at ₹502.00 lakh (face value ₹10 each) across all periods.