Financial Results for Quarter Ended September 30, 2026
The company reported unaudited standalone financial results for Q2 FY27:
- Revenue from Operations: ₹75.00 lakh (compared to ₹225.00 lakh in previous quarter)
- Total Income: ₹75.00 lakh (₹228.11 lakh previous quarter)
- Employee benefit expense: ₹87.03 lakh
- Finance Costs: ₹0.14 lakh
- Depreciation and amortization: ₹2.37 lakh
- Other Expenses: ₹46.50 lakh
- Loss before tax: ₹(61.05) lakh
- Loss after tax: ₹(61.05) lakh
- Basic EPS: ₹(0.03) per share of face value ₹10
Financial Results for Half Year Ended September 30, 2026
- Revenue from Operations: ₹300.00 lakh
- Total Income: ₹303.11 lakh
- Employee benefit expense: ₹168.38 lakh
- Finance Costs: ₹0.27 lakh
- Depreciation and amortization: ₹4.53 lakh
- Other Expenses: ₹197.70 lakh
- Loss before tax: ₹(67.77) lakh
- Loss after tax: ₹(67.77) lakh
- Basic EPS: ₹(0.03) per share
Balance Sheet Position as at September 30, 2026
- Total Assets: ₹2,794.42 lakh
- Non-current Assets: ₹1,913.73 lakh (including Investments: ₹1,836.25 lakh)
- Current Assets: ₹880.69 lakh
- Equity Share Capital: ₹2,172.00 lakh
- Other Equity: ₹(173.73) lakh
- Total Equity: ₹1,998.27 lakh
- Non-current Liabilities: ₹678.45 lakh (Borrowings)
- Current Liabilities: ₹117.70 lakh
Management Appointment
The Board of Directors, based on recommendation of Nomination and Remuneration Committee, appointed Mr. Tushar Parekh (DIN: 09503596) as Additional Executive Director for his first term of 3 consecutive years with effect from November 03, 2026 till November 02, 2029, subject to shareholder approval.
Mr. Tushar Parekh has over 35 years of experience in technology leadership across payments, healthcare, and eLearning sectors. His expertise includes cloud computing, Big Data, DevOps, full-stack development, technology strategy, IT governance, agile transformation, Payment Gateway Systems, PCI-DSS compliance, AWS, Azure, ELK Stack, serverless architecture, fraud detection, microservices, Big Data analytics, Generative AI and Machine Learning. He holds certifications including AWS Solution Architect, Azure Administrator and PCI-DSS Implementor.
Auditor Appointments
The Board appointed M/s. Disha Ramani & Associates, a peer-reviewed firm of Practicing Company Secretaries, as Secretarial Auditors for the Financial Year 2026-27. The firm has peer review certificate no. 6957/2025 and has been providing secretarial, corporate law, and regulatory compliance services since 2024.
Postal Ballot Process
The Board approved the draft Postal Ballot Notice to be sent to shareholders for seeking approval on various business matters. The cut-off date for determining eligible members is Friday, October 30, 2026. The voting period will commence from 09:00 AM on Friday, November 06, 2026 and end at 05:00 PM on Saturday, December 05, 2026.
M/s. Disha Ramani & Associates, Practicing Company Secretary, was appointed as Scrutinizer to scrutinize the Postal Ballot through e-voting.
Limited Review Report
Raien & Co. Chartered Accountants (FRN: 108351V) issued a limited review report on the unaudited standalone financial results, stating that nothing has come to their attention that causes them to believe that the financial results contain any material misstatement.