ANKA INDIA LTD.

Following a reverse merger with Futech Internet Private Limited in June 2025, the consolidated entity's revenue rose to Rs 1,809.43 lakhs in FY26 from Rs 1,296.02 lakhs in FY25. Standalone operations contributed only Rs 18 lakhs in FY26, indicating consolidated revenue is driven by the newly consolidated IT and software subsidiary. The only segment disclosed historically is IT and software development, with products and customers not specified in the available facts. Futech Internet Private Limited is now a fully owned subsidiary and the main contributor to consolidated revenue. Auditors qualified both standalone and consolidated opinions, flagging that goodwill of Rs 18.96 crore arising from the Futech Internet consolidation has not been tested for impairment, and that MAT credit of Rs 35.38 lakhs continues to be carried as an asset despite the company's history of losses. Following an open offer completed on December 23, 2025, there was a wholesale change of management, including the appointment of Mr. Spark Sood as Managing Director, two Independent Directors, and one Non-Executive Director in mid-2026.