Board Meeting for the Quarter and Year ended on 31st March, 2026.
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Futuristic Solutions Limited reported strong turnaround with FY2026 revenue of Rs. 652.42 lakhs, a massive jump from Rs. 19.86 lakhs in FY2025. The company posted Profit After Tax of Rs. 78.41 lakhs compared to a loss of Rs. 6.09 lakhs in the previous year. Cash and cash equivalents improved to Rs. 878.57 lakhs from Rs. 674.82 lakhs. The Board approved re-appointment of internal and secretarial auditors, and revised Managing Director Mandeep Sandhu's remuneration from Rs. 21 lakhs to Rs. 27 lakhs per annum. Statutory auditors Mahesh Yadav & Co. issued an unmodified (clean) opinion. Related party transactions were disclosed including payments to Moral Holdings Limited, Diana Euro Chem Private Limited, and VK Construction Co Pvt Ltd.
The company has achieved a dramatic turnaround from loss to profit with massive revenue growth, which is positive for shareholders. However, the significant related party transactions (Rs. 600 lakhs to Diana Euro Chem) and MD remuneration increase warrant shareholder attention at the AGM.