AGM Details

The 42nd Annual General Meeting is scheduled to be held on Tuesday, September 29, 2026 at 2:30 P.M. through Video Conferencing (VC)/Other Audio Visual Means (OAVM). The remote e-voting period commences on Saturday, September 26, 2026 (from 9:00 A.M.) and ends on Monday, September 28, 2026 (upto 5:00 P.M.). The Register of Members and Share Transfer Books will remain closed from Tuesday, September 22, 2026 to Tuesday, September 29, 2026 (both days inclusive).

Financial Performance (Standalone)

  • Total Income: ₹34.36 crore (FY26) vs ₹27.10 crore (FY25) - 26.8% increase
  • Total Expenditure: ₹27.80 crore (FY26) vs ₹22.43 crore (FY25)
  • Profit before Tax: ₹6.57 crore (FY26) vs ₹4.67 crore (FY25) - 40.6% increase
  • Total Tax expenses: ₹0.99 crore (FY26) vs ₹0.70 crore (FY25)
  • Profit after Tax: ₹5.58 crore (FY26) vs ₹3.97 crore (FY25) - 40.5% increase
  • EPS: ₹0.07 (FY26) vs ₹1.30 (FY25) [affected by share capital increase]

Business Update

The company is developing a next-generation immersive education platform integrating:

  • 3D content development
  • AI-enabled embedded systems
  • Multi-format 2D & 3D display hardware

Core Technologies: Passive Polarized 3D Interactive Whiteboards, AR/VR Learning Modules, Glasses-Free Light Field 3D Displays, AI-powered gesture control & interactive simulations, curriculum-aligned 3D asset libraries for 10+ engineering disciplines.

Market Position: Successful pilot at MIC College of Technology with 16 display systems showed approximately 25% increase in student engagement. Progressing towards Skill India/NSDC empanelment.

R&D Expenditure: ₹71.00 crore for FY 2025-26

Share Capital Changes

  • Authorized Share Capital: Increased from ₹55.00 crore (5.50 crore equity shares of ₹10 each) to ₹100.00 crore (100.00 crore equity shares of ₹1 each)
  • Paid-up Share Capital: Increased from ₹30.76 crore (3.07 crore equity shares of ₹10 each) to ₹84.76 crore (84.76 crore equity shares of ₹1 each)
  • The increase includes conversion of 1,06,95,000 equity shares from warrants at ₹55 per share
  • Outstanding Warrants: 6,80,50,000 warrants convertible into equity shares of face value ₹1.00

Board Composition Changes

Directors who ceased:

  • Mr. Zameer Ahammed Kottala (ceased October 13, 2025)
  • Mr. Sunil Ghanathe (ceased October 12, 2025)

Directors appointed:

  • Mr. Ko Su Piow (appointed December 16, 2025)
  • Mr. Nikhil Putta (appointed October 13, 2025)
  • Mr. Kosaraju Raj Nagesh (appointed October 13, 2025)

Auditor Appointments

  • Statutory Auditors for FY25-26: M/s. SMV & Co, Chartered Accountants
  • Proposed Statutory Auditors for FY26-31: M/s. P V G R & Associates, Chartered Accountants (Firm Registration No. 022181S) for 5 years from conclusion of 42nd AGM till conclusion of 47th AGM
  • Internal Auditors: Kota & Associates, Chartered Accountants
  • Secretarial Auditors: Mr. Vinay Babu Gade, Practicing Company Secretary

Corporate Governance

  • Board met 12 times during FY25-26
  • All mandatory committees constituted: Audit Committee, Nomination & Remuneration Committee, Stakeholders Relationship Committee
  • No shareholder complaints received during the year
  • No instances of sexual harassment reported
  • Whistle Blower Policy in place, no complaints received

Other Material Information

  • Foreign Exchange Earnings: ₹28.50 crore from export services
  • Employee Strength: 95 employees
  • Dividend: No dividend declared for FY 2025-26
  • Deposits: No deposits accepted from public
  • Related Party Transactions: All transactions at arm's length, no material conflicts
  • Shareholding Pattern: Promoters hold 15.15% (12.65 crore shares), Public holds 84.85%
  • 100% shares dematerialized with ISIN INE807M01031