Outcome of Board Meeting held on May 29, 2026
RADIANTCMS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board approved audited standalone and consolidated financial results for FY ended March 31, 2026. Consolidated revenue was flat at Rs 4,294.75 million vs Rs 4,271.47 million in FY25. However, profit after tax declined significantly to Rs 279.79 million from Rs 470.57 million (down ~40%), impacted by an exceptional fraud item of Rs 31.25 million in subsidiary Aceware Fintech Services (unauthorized transactions by a former employee). Finance costs also doubled to Rs 46.94 million (standalone). The Board recommended a final dividend of Rs 2.5 per share (250%). Statutory auditors issued an unmodified (clean) opinion. Internal auditors Menon & Pai were reappointed for FY 2026-27.
The significant PAT decline despite flat revenue and the fraud-related exceptional item at the subsidiary level are negatives for investors. However, the clean audit opinion and dividend payment provide some stability. The sharp increase in short-term borrowings raises leverage concerns.