Company Overview

Financial Performance Highlights

Standalone Results (₹ in lakhs):

  • Total Income: ₹7,205.55 (FY25: ₹9,975.76) - decline of 27.8%
  • Revenue from Operations: ₹7,043.71 (FY25: ₹9,940.13) - decline of 29.1%
  • Profit Before Tax: ₹381.68 (FY25: ₹889.52) - decline of 57.1%
  • Profit After Tax: ₹306.59 (FY25: ₹638.15) - decline of 52.0%
  • EPS: ₹2.76 (FY25: ₹6.06) - decline of 54.5%

Consolidated Results (₹ in lakhs):

  • Total Income: ₹7,279.60 (FY25: ₹10,347.70) - decline of 29.6%
  • Revenue from Operations: ₹7,105.25 (FY25: ₹10,312.07) - decline of 31.1%
  • Profit Before Tax: ₹460.28 (FY25: ₹966.48) - decline of 52.4%
  • Profit After Tax: ₹365.42 (FY25: ₹695.75) - decline of 47.5%
  • EPS: ₹3.29 (FY25: ₹6.61) - decline of 50.2%

Management Commentary

Managing Director Manish Kumar Sharma attributed the performance decline to "an extraordinary, externally driven disruption in the global IT hardware supply chain" that intensified in the second half of FY26. The disruption involved:

  • Global manufacturing capacity shift toward AI data-center infrastructure
  • Structural surge in component prices (several multiples over budgeted levels)
  • Extended delivery lead times from weeks to several months

The company exercised caution in fixed-price commitments and worked with clients to extend delivery timelines rather than execute at financially unviable cost levels. The company maintained all client relationships and enters FY27 with a confirmed order book equivalent to nearly half of FY26 revenue.

Balance Sheet Strength

  • Total liabilities reduced by more than three-fourths over the year
  • Trade payables reduced by close to nine-tenths
  • Debt-to-equity ratio improved and remains among lowest in peer group
  • Completed full utilization of IPO proceeds for working capital, debt repayment, and general corporate purposes

Corporate Actions

Annual General Meeting Details:

  • Date: Wednesday, September 30, 2026
  • Time: 12:00 PM
  • Mode: Video Conferencing/Other Audio Visual Means
  • Record Date: September 23, 2026
  • E-voting Period: September 27, 2026 (9:00 AM) to September 29, 2026 (5:00 PM)

Agenda Items:

1. Adoption of audited standalone financial statements for FY26

2. Adoption of audited consolidated financial statements for FY26

3. Re-appointment of Mr. Paresh Goyal (DIN: 09072777) who retires by rotation

Board and Management

Board of Directors:

  • Mr. Manish Kumar Sharma (Managing Director)
  • Mr. Neeraj Kumar (Whole-time Director)
  • Mr. Nikhil Laxman Buran (Director)
  • Mr. Paresh Goyal (Director)
  • Mr. Ashwani Jaiswal (Independent Director)
  • Ms. Swati Singh (Independent Director)
  • Ms. Sarita Paswan (Independent Director)

Key Managerial Personnel:

  • Mr. Manish Kumar Sharma (Managing Director)
  • Mr. Neeraj Kumar (CEO & Whole-time Director)
  • Ms. Priyanka Pathak (Company Secretary & Compliance Officer) - appointed November 1, 2025
  • Mr. Vivek Singh (CFO)

Subsidiary Information

TNPL IT Services Private Limited (99.9% owned):

  • Share capital: ₹1,00,000
  • Reserves & surplus: ₹3,23,84,000
  • Total assets: ₹3,58,74,000
  • Revenue: ₹16,291,000
  • Profit after tax: ₹59,57,000

Corporate Social Responsibility

  • CSR Obligation: ₹12.53 lakhs (2% of average net profit)
  • Amount Spent: ₹12.53 lakhs on health check-up programs in schools and lower-income areas through Sakhi Sewa Sansthan
  • No unspent CSR amount carried forward

Other Key Disclosures

  • No dividend declared for FY26
  • No material related-party transactions not at arm's length basis
  • No fraud reported by auditors under Section 143(12) of Companies Act, 2013
  • No sexual harassment complaints received during the year
  • 25 Board meetings conducted during FY26
  • No significant material orders from regulators/courts impacting going concern status
  • Company has adequate internal financial controls per auditor's report

Capital Structure Changes

  • Authorized Share Capital: ₹16,00,00,000 (unchanged)
  • Paid-up Share Capital: Increased from ₹10,53,00,000 to ₹14,32,20,000 due to public issue of equity shares amounting to ₹3,79,20,000

Utilization of IPO Proceeds

The Company received ₹2,047.68 lakhs from fresh issue of equity shares and utilized:

  • ₹1,000.00 lakhs for working capital requirements
  • ₹300.00 lakhs for repayment of borrowings
  • ₹486.00 lakhs for general corporate purposes
  • ₹261.68 lakhs for issue-related expenses

Forward Outlook

Management remains confident in long-term opportunities driven by digital transformation across government, defence, financial services, and enterprise segments. Focus areas for FY27 include converting order book into delivered revenue, protecting margins through better-structured contracts, and continuing investments in people, processes, and technology partnerships.