Outcome of the Meeting of Board of Directors held on 14th August, 2025
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Edvenswa Enterprises' board approved its Q1 FY26 unaudited financial results (standalone and consolidated) along with a 51% acquisition of Strategemist Global Private Limited, a newly incorporated (Feb 2025) IT services and consulting firm, making it a subsidiary via cash consideration. On a standalone basis, revenue from operations jumped to ₹165.50 lakhs from ₹60.02 lakhs YoY (nearly tripling), while profit after tax rose to ₹20.84 lakhs from ₹8.07 lakhs, with EPS at ₹0.07. On a consolidated basis, revenue from operations grew ~68% YoY to ₹4,042.82 lakhs and PAT nearly doubled to ₹439.56 lakhs (from ₹223.91 lakhs), aided by a ₹185.94 lakh earlier-years tax refund from the US subsidiary. The acquisition is confirmed as not a related-party transaction. The board also noted the statement of deviation/variation on the ₹26.69 crore rights issue (2024) – audit committee found no deviation, though the allocation for 'New Business Acquisitions' (₹2.65 Cr) was reclassified to zero and 'General Corporate Expenses' was reduced from ₹5.62 Cr to ₹4.57 Cr. The statutory auditor (Venugopal & Chenoy) issued an unqualified limited review report on both sets of results, and there were no outstanding defaults on loans or debt securities.
Sharp YoY growth in both standalone and consolidated revenue and PAT signals strong business momentum, though margins on a percentage basis appear to have compressed. The acquisition adds a new IT subsidiary with no operating history yet, so execution will need to be watched; no immediate dilution as it is a cash deal.