Financial Results Approval
The Board considered and approved the Un-audited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026, together with the Limited Review Report issued by the Statutory Auditors.
Standalone Financial Performance (Quarter ended June 30, 2026)
- Revenue from operations: ₹65.27 crore
- Other income: ₹2.15 crore
- Total Revenue: ₹67.42 crore
- Cost of Material Consumed: ₹17.06 crore
- Employee Benefits Expense: ₹6.16 crore
- Finance costs: ₹6.76 crore
- Depreciation and amortisation expense: ₹15.75 crore
- Other expenses: ₹2.94 crore
- Total expenses: ₹48.67 crore
- Profit before tax: ₹18.75 crore
- Current tax: ₹4.07 crore
- Deferred tax: ₹0.75 crore
- Profit for the period: ₹13.93 crore
- Paid up equity share capital: ₹11.72 crore (Face value ₹10 per share)
- Basic EPS: ₹11.89 (not annualized)
- Diluted EPS: ₹11.40 (not annualized)
Consolidated Financial Performance (Quarter ended June 30, 2026)
- Profit for the period: ₹14.50 crore
- Total comprehensive income attributable to owners: ₹14.27 crore
- Basic EPS: ₹12.37 (not annualized)
- Diluted EPS: ₹11.88 (not annualized)
- Includes results of subsidiary "Lotus Tele Infra Private Limited" (95% stake)
Board Decisions and Appointments
1. Reappointment of Cost Auditor: Approved reappointment of M/s. Avnesh Jain & Associates (FRN-101048) as Cost Auditors for FY 2026-27, subject to remuneration ratification by shareholders.
2. Reappointment of Whole-time Director: Based on Nomination and Remuneration Committee recommendation, approved reappointment of Ms. Subhashita Lature (DIN: 07953938) as Whole-time Director, not liable to retire by rotation, for a 5-year term effective January 10, 2027, subject to shareholder approval.
- Profile: Bachelor of Engineering in Electronics and Telecommunications from Mumbai University, MBA in International Business from London, UK. Expertise includes Engineering, Business Development, new projects, and operations.
- Relationship: Daughter of Mr. Shivshankar Lature (Managing Director) and Mrs. Suchitra Lature (Non-Executive Director). Not debarred from holding director office.
3. Record Date for Dividend: Approved September 11, 2026, as record date for determining eligibility for Final Dividend for FY ended March 31, 2026.
4. AGM Convening: Approved convening of 31st Annual General Meeting on September 22, 2026, at 11:30 a.m. through Video Conferencing/Other Audio Visual Means.
Accounting Policy Change
Effective April 1, 2026, the Company voluntarily changed its accounting policy for electricity and diesel reimbursement charges. Previously netted off against expenses, now recognized gross in 'Revenue from Operations' with corresponding costs in 'Cost of Material Consumed'. Comparative figures restated retrospectively. No impact on previously reported PBT, PAT, Net Worth, or EPS.
Notes to Financial Statements
- Operates in single segment (no segment reporting required under Ind AS 108)
- Internal controls to be strengthened considering growing business size
- Balances in Loan and Advance, Trade Receivables, Trade Payables, Advance to Suppliers, Other Assets, GST TDS subject to confirmation/reconciliation
- Recognized accrued/provisional income for IP lease rental and fiber business with government and other customers
- Loans to related parties extended from internal accruals at arm's length terms
- Figures for quarter ended March 31, 2026, are balancing figures between annual and nine-month periods
Meeting Details
Board meeting commenced at 11:30 a.m. IST and concluded at 05:30 p.m. IST on August 11, 2026.