Change in Directors pursuant to approval of the Board of Directors in the Board Meeting dated May 29, 2026.
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Ikoma Technologies' board meeting on May 29, 2026 approved multiple board changes and announced FY26 results. Key director appointments include Mr. Nitesh Jain and Ms. Preeti (who is wife of existing director Mr. Paras Chand Jain) as Additional Non-Executive Directors, along with regularization of several directors. Mr. Bhavesh Lohar changed designation from Independent Director to Non-Executive Director. The company reported FY26 revenue of Rs 1,982.75 lac with net profit of Rs 131.85 lac, but Q4 FY26 showed a loss of Rs 7.56 lac. Cash position deteriorated sharply from Rs 1,407.04 lac to Rs 63.50 lac. The board also noted BSE-imposed fines for regulatory non-compliances and decided to defer a fund-raising decision. The trading window remains closed until June 5, 2026.
The significant cash depletion and Q4 loss may raise concerns about the company's liquidity. The family-related board appointment (Ms. Preeti being wife of existing director) and regulatory fines suggest potential governance watchpoints. However, the board expansion and upcoming fund-raising could provide stability if executed.