Key Quantitative Figures

  • Final Dividend: Recommended ₹1 per equity share (10% on face value of ₹10) aggregating ₹1,17,17,120 for FY26, subject to shareholder approval at AGM.
  • Board Meeting Duration: Commenced at 11:30 AM IST and concluded at 7:30 PM IST on May 26, 2026.
  • Internal Auditor Reappointment: M/s. S K S S & Associates, Chartered Accountants (FRN: 146986W) reappointed as Internal Auditor for FY 2026-27 effective April 1, 2026.

Financial Results Overview

The Board approved:

1. Audited Financial Results (Standalone and Consolidated) for the financial year ended March 31, 2026.

2. Statement of Assets and Liabilities and Cash Flow Statement for FY26.

3. Auditor's Reports issued by Statutory Auditor M/s. SPML & Associates, which contained an unmodified opinion.

Standalone Financial Highlights (FY26 vs FY25)

  • Revenue from Operations: ₹20,919.05 lakhs (vs ₹19,257.23 lakhs)
  • Total Revenue: ₹21,445.50 lakhs (vs ₹20,152.24 lakhs)
  • Profit Before Tax: ₹8,223.53 lakhs (vs ₹5,600.14 lakhs)
  • Profit for the Year: ₹6,227.85 lakhs (vs ₹4,055.39 lakhs)
  • Total Comprehensive Income: ₹6,245.87 lakhs (vs ₹4,070.30 lakhs)
  • Basic EPS: ₹54.05 (vs ₹34.55)
  • Diluted EPS: ₹51.77 (vs ₹31.61)
  • Paid-up Equity Share Capital: ₹1,171.71 lakhs (vs ₹1,113.24 lakhs)
  • Other Equity: ₹47,710.73 lakhs (vs ₹38,924.92 lakhs)

Consolidated Financial Highlights (FY26 vs FY25)

  • Total Assets: ₹94,253.27 lakhs (vs ₹68,394.94 lakhs)
  • Total Equity: ₹48,957.74 lakhs (vs ₹40,049.20 lakhs)
  • Non-current Assets: ₹73,042.62 lakhs (vs ₹50,509.99 lakhs)
  • Current Assets: ₹21,210.64 lakhs (vs ₹17,884.95 lakhs)
  • Non-current Liabilities: ₹33,052.95 lakhs (vs ₹15,924.54 lakhs)
  • Current Liabilities: ₹12,242.57 lakhs (vs ₹12,421.20 lakhs)

Auditor Emphasis Matters

The Statutory Auditor, SPML & Associates, issued unmodified opinions but drew attention to:

1. Balance Confirmations: Balances in Loans & Advances, Trade Receivables, Trade Payables, Other Assets are subject to confirmation/reconciliation.

2. Provisional Revenue: Revenue from telecom tower infrastructure services recognized provisionally based on management's assessment pending final reconciliation with telecom operators.

3. Related Party Loans: Loans granted to certain related parties during the year, extended from internal accruals at arm's length terms.

4. Internal Controls: Need to strengthen internal control design commensurate with growing business size.

5. MSME Dues: Disclosures relating to MSME dues subject to ongoing reconciliations and confirmations.

6. GST Search: GST authorities conducted search/inspection on January 2, 2026; management foresees no material impact on financial statements.

Subsidiary Information

  • Consolidated results include Lotus Tele Infra Private Limited (95% stake acquired on March 31, 2025).
  • Goodwill of ₹1,355.49 lakhs recognized on acquisition (Purchase consideration: ₹1,280 lakhs vs Net assets acquired: ₹(75.49) lakhs).

Capital Structure Changes

  • Allotted 10,55,000 warrants to Promoters in FY 2024-25 under preferential issue.
  • 4,70,244 warrants converted into equity shares as of March 31, 2025.
  • Remaining 5,84,756 warrants converted into equity shares as of March 31, 2026.

Other Significant Disclosures

  • Labour Codes Impact: Implementation of new Labour Codes resulted in increased gratuity liability due to past service cost.
  • Accounting Policy Change: Management proposed changing accounting policy for reimbursement of energy charges to be part of revenue w.e.f. April 1, 2026, as suggested by GST officials.
  • Cash Flow Impact: Net decrease in cash and cash equivalents of ₹1,973.25 lakhs (consolidated) and ₹2,032.80 lakhs (standalone) for FY26.

Parties Involved

  • Statutory Auditor: M/s. SPML & Associates, Chartered Accountants
  • Internal Auditor: M/s. S K S S & Associates, Chartered Accountants
  • Stock Exchanges: BSE Limited and National Stock Exchange of India Limited
  • Regulatory Authorities: GST authorities (conducted search)

Financial Impact Assessment

  • Dividend payout will result in cash outflow of ₹1.17 crore upon approval.
  • No quantified financial impact disclosed for GST search or provisional revenue adjustments.
  • Internal control enhancements may involve operational costs not quantified.

Forward-Looking Statements

Management believes:

  • Provisional revenue recognition is appropriate and reasonable.
  • Related party loans are recoverable with no impairment needed.
  • No material impact from GST search on financial statements.
  • Internal controls will be enhanced to address identified deficiencies.