approval of Financial results, took note of compliances, sale of Shares of Vartis Engineering Private Limited, Material Subsidiary of the company, appointment of scrutinizer, approve postal ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Captain Technocast's board, meeting on 16 May 2026, approved standalone (PAT: ₹1,018.37L) and consolidated (PAT: ₹1,162.27L) audited results for FY ended March 2026. Consolidated revenue grew 42% YoY to ₹12,987L. The board also approved seeking shareholder clearance via postal ballot for the sale of its entire stake in Vartis Engineering Private Limited — flagged as a Material Subsidiary. Vartis contributed ₹1,493.60L in revenue and ₹75.23L net profit to the consolidated results. A scrutinizer has been appointed and the postal ballot draft notice has been finalized. The auditors issued an unmodified opinion on both sets of results.
Sale of a material subsidiary typically triggers an open offer obligation under SEBI SAST regulations for the acquirer, adding regulatory complexity. Minority shareholders of Captain Technocast may benefit if the transaction includes a fair exit mechanism for the group-level disposal. The financial results show strong growth but the subsidiary sale could reduce future consolidated revenues and profits.