Board approves Q1 results, three acquisitions, auditor change
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.4 pts more than Nifty Microcap 250 and 4.9 pts more than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Board approved Q1 FY27 results: consolidated revenue grew about 30 percent YoY to Rs 33.04 crore, though net loss stood at Rs 3.05 crore versus Rs 4.11 crore last year. Three acquisitions cleared: 47.47 percent of Antworks Solutions India via share swap at Rs 49 per share worth Rs 38 crore, 48.95 percent of Insurants AI UK via share swap worth Rs 9.33 crore, and 100 percent of STRATIS Hungary worth Rs 10.43 crore via swap plus up to Euro 9 million in cash. Statutory auditor Mehta and Mehta resigned and N A M M and Associates appointed for 5 years. AGM set for September 12, 2026. Auditor flagged emphasis of matter notes on pending acquisitions.
Heavy share-swap dilution ahead; losses persist though narrowing; auditor flagged pending deals. Stock reaction depends on deal closure.