Moschip Technologies Limited has informed the Exchange regarding allotment of 85604 securities pursuant to ESOP/ESPS at its meeting held on May 20, 2026
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Moschip Technologies reported audited financial results for Q4 and full year FY26 (ending March 31, 2026). Consolidated total income grew 25% to ₹59,062.84 lakhs vs ₹47,069.82 lakhs last year, while consolidated net profit rose 5.5% to ₹3,520.43 lakhs vs ₹3,335.75 lakhs. The company completed the merger of wholly-owned subsidiaries Softnautics Inc and Softnautics Private Limited effective April 4, 2025, which nearly doubled total assets to ₹74,304.33 lakhs (from ₹44,312.16 lakhs). An exceptional charge of ₹581.86 lakhs was recorded due to new Labour Code provisions. The Nomination & Remuneration Committee approved allotment of 85,604 equity shares to employees upon exercise of ESOP options. Auditors issued unmodified opinion on both standalone and consolidated results.
Strong revenue growth of 25% YoY reflects business expansion, though net profit growth of 5.5% lagged due to higher operating costs and exceptional items. The merger has significantly increased the company's asset base. ESOP allotment aligns employee interests with company performance.