Outcome of Board meeting held on May 29, 2026, for approval of audited results and accounts for the quarter and year ended March 31, 2026
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The Board approved audited financial results for Q4 and FY ended March 2026. The company reported revenue from operations of Rs. 10,235.21 lakh for FY26 vs Rs. 9,831.35 lakh in FY25 (restated). However, the full year showed a significant loss before tax of Rs. 3,973.95 lakh compared to profit of Rs. 1,562.98 lakh in FY25. Q4 FY26 performance was strong with profit after tax of Rs. 1,195.13 lakh. The auditor issued an unmodified (clean) opinion. A major merger of associate company ITIL was completed in December 2025, with the company issuing 4,74,65,031 equity shares as consideration. The company also completed a rights issue of 1,74,11,380 shares at Rs. 40 per share aggregating Rs. 6,964.55 lakh in May 2026.
The stock shows a large loss for FY26 despite strong Q4, indicating operational challenges. The rights issue at Rs. 40 per share (vs book value of Rs. 158) suggests the company needed capital urgently. The clean audit opinion provides some comfort, but the negative PAT and operating cash outflows are concerning for shareholders.