Q1 results, three acquisitions via share swap, auditor changes approved
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Consolidated Q1 revenue grew 30% YoY to Rs 33.04 cr; net loss narrowed to Rs 3.05 cr from Rs 4.11 cr. Board approved revised acquisitions: ASIPL (47.47% for Rs 38 cr), Insurants AI UK (48.95% for Rs 9.33 cr), and STRATIS Hungary (100% for share swap plus Euro 9 mn cash). Preferential allotments total about Rs 57.75 cr. Rescinded earlier Feb 2026 resolutions. Statutory auditor Mehta & Mehta resigned; N A M M & Associates appointed. AGM on September 12.
Share dilution from Rs 57.75 cr preferential issue to fund AI acquisitions. Losses persist though narrowing. Auditor changes noted.