The Board of Directors of the Company in its meeting held on Thursday, the 28th day of May, 2026 inter-alia, considered and approved the Audited Financial Results of the Company for the ....
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Ekennis Software Service Limited reported audited standalone financial results for FY2026 ending March 31, 2026. The company posted a net loss of Rs 100.74 Lakhs for the full year, a significant improvement from the Rs 151.86 Lakhs loss in FY2025. Revenue from operations stood at approximately Rs 136.91 Lakhs. The company's reserves and surplus declined sharply from Rs 200.57 Lakhs to Rs 99.82 Lakhs. Independent Director Ms. Urvarshi Upadhya resigned, effective June 27, 2026. Statutory auditors M/s. AY & Co. issued an unmodified (clean) opinion on the financial statements. Operating cash flow remained negative at Rs 19.49 Lakhs.
The company continues to burn cash with persistent losses and negative operating cash flow, raising going concern considerations. The sharp decline in reserves and the director resignation may create negative sentiment among investors despite improved year-on-year loss reduction.