Outcome of the Board Meeting
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The board approved unaudited standalone and consolidated results for Q2 and H1 FY26 (quarter ended Sept 30, 2025). Standalone revenue from operations fell to Rs 229.48 lakh (vs Rs 304.19 lakh in Q2 FY25), with the standalone loss before tax widening to Rs 410.91 lakh (vs Rs 343.28 lakh). H1 FY26 standalone loss stood at Rs 666.79 lakh and consolidated loss at Rs 1,084.36 lakh, leading to negative EPS of Rs 4.62 (basic, standalone). The board also approved a 99-year lease agreement with Centaurus SP AV Ventures LLP for the entire 14th floor (1,25,048 sq ft) of the company's building, with a one-time upfront premium of Rs 85.875 crore. Auditor Ramanatham & Rao issued a clean (unmodified) limited review report on both standalone and consolidated results. There is no deviation in the use of funds raised from the earlier preferential issue of share warrants (Rs 5.655 crore).
Sharply higher losses and continued revenue decline in core software services signal ongoing operational stress, though the Rs 85.875 crore upfront lease premium provides a meaningful one-time cash inflow that could significantly boost near-term liquidity and reduce debt. Shareholders should weigh weakening recurring operations against the large non-recurring lease income.