NETLINK SOLUTIONS (INDIA) LTD.

Operates across website and IT services, information media (magazine publishing), and exhibition management, but all three operating lines contributed negligible revenue in FY26 — revenue from operations was just Rs 4.81 lakhs. The dominant revenue segment is "Treasury," which recorded Rs 3.3753 crore in FY26 and accounted for 100% of period segment revenue, reflecting interest income from cash balances and inter-corporate lending rather than any product or service sale. The Information Media segment that contributed Rs 6.36 crore in FY25 dropped to zero revenue in FY26. Following a Share Purchase Agreement dated April 9, 2025 under which Arix Capital Limited acquired 51% of holding company Jupiter Infomedia Limited, the company saw a change of control, a mandatory open offer, and a complete overhaul of its board and KMPs. The new management has sought shareholder approval to add a new object clause covering the manufacture, trade, and export of tungsten-based products (tungsten carbide powder, cobalt metal powder) for automotive, aerospace, defence, nuclear, medical, and oil & gas sectors, and to shift the registered office from Maharashtra to Gujarat. Total income for FY26 fell 63% to Rs 345.80 lakhs from Rs 935.94 lakhs, while cash and equivalents collapsed from Rs 950.24 lakhs to Rs 49.64 lakhs after a Rs 2,900 lakhs loan was extended during the year. Employee cost at 1871.3% of operating revenue is the dominant expense line, illustrating a cost base that is entirely disproportionate to current operating scale.