COSYN Ltd

COSYN Ltd – Intimation of Closure of Trading Window for Scrip Code 538922

Book closure details

• Book closure for COSYN Ltd (Scrip 538922) from 24 September 2026 to 30 September 2026.
• Purpose: 32nd Annual General Meeting on 30 September 2026.
• Event date: AGM scheduled for 30 September 2026 at 10:00 AM.
• Security type: Equity shares.

Financial highlights

• Revenue from operations (Standalone) ₹1,087.86 lakh; YoY decline 26.5%.
• Net profit (Standalone) ₹11.25 lakh; YoY decline 29.8%.
• Consolidated revenue ₹1,087.86 lakh; consolidated net profit ₹11.18 lakh.
• EPS (Standalone) ₹0.15; Consolidated EPS ₹0.15.
• Current ratio stood at 3.21x.
• Debt-Equity ratio at 0.263x.
• Short-term borrowings ₹398.62 lakh.
• AGM set for 30 September 2026 at Jubilee Hills.
• ED and MD reappointment resolutions proposed.
• Dividend for FY2025-26 not declared.
• Madhuri Muddana appointed Independent Director; Rama Rao Karumanchi retired.
• Share capital unchanged at 75 lakh shares.

Liquidity & capital structure

• Long-term borrowings nil; short-term borrowings ₹398.62 lakh.
• Cash and bank balances: ₹4.23 lakh; other bank balances ₹519.07 lakh.
• Unclaimed dividends to be transferred to IEPF by 05 Dec 2026.
• GST/EPFO related notices; company contesting where applicable; ₹92.22 lakh GST interest outstanding.

Strategic outlook and transformation

• Strategic focus on Education Technology and Power Utility Digital Transformation.
• Investments in AI, Intelligent Document Processing, Cloud, Data Analytics, IoT, GIS, and RPA.
• Outlook positive due to Digital India, NEP, and utility modernization programs.
• Aim to expand AI-enabled Digital Assessment and digitization platforms.

Governance & risk

• Madhuri Muddana appointed Independent Director on 26 May 2026; Rama Rao Karumanchi retired May 27, 2026.
• Independent Directors meeting held on 12 Feb 2026; performance evaluated.
• Audit Committee met 5 times; reconstituted 26 May 2026.
• Whistle blower policy in place; Enterprise Risk Management framework in place.
• Auditors' reports show no material qualifications; internal controls are adequate.

Shareholder matters

• Share capital unchanged at 75,00,000 shares; promoters hold 53.89%.
• AGM notices issued; remote e-voting facility; ISR-4 service requests.
• Unclaimed dividends transferred to IEPF; details on cosyn.in.
• Registrar and Transfer Agent: XL Softech Systems Limited.

Audits & internal controls

• Statutory auditors: M/s Suryanarayana & Suresh reappointed for 1 year.
• Internal auditors: M/s Vittal & Co. reappointed for FY 2025-26.
• Secretarial auditors: M/s A.S Ramkumar & Associates; report annexed.
• CARO disclosures: no qualifications; internal financial controls are adequate.

Re-appointment details

• Board re-appointed Ravi Vishnu as Chairman cum MD for five years from 15 January 2027, subject to AGM.
• Re-appointment is awaiting member approval at the upcoming AGM.
• Date of re-appointment w.e.f. 15 January 2027; board meeting date 31 August 2026.
• Mr. Ravi Vishnu holds BE in Electrical Engineering and ME in Computer Science; 35+ years IT experience.
• Related party disclosure: Mrs. Ravi Kasturi is his wife.
• Subject to regulatory disclosure and shareholder approval as per Regulation 30 SEBI LODR.
• No financial terms disclosed in this filing.
• DIN of appointee: 01144902.
• Position is Chairman cum Managing Director of COSYN Ltd.
• Timing: AGM to decide; impact on governance and strategy pending.

Key Decisions

• Decided to convene the AGM on 30 September 2026.
• Re-appointment of M/s Suryanarayana & Suresh, Chartered Accountants, as Statutory Auditors for one year, subject to member approval.
• Re-appointment of Mr. Ravi Vishnu (DIN 01144902) as Chairman/MD for five years, subject to member approval.

Director appointment

• Board appointed Ms. Madhuri Muddana as Non-Executive Independent Director for a 3-year term, effective 26 May 2026.
• Ms. Madhuri Muddana is a Fellow Chartered Accountant with over 25 years of experience.
• Founding partner of Madhuri & Co., Chartered Accountants, based in Hyderabad.
• Independence criteria satisfied under Companies Act, 2013 and SEBI LODR.
• No relationships disclosed between directors.

Director appointment via postal ballot

• Special resolution to appoint Ms. Madhuri Muddana as Non-Executive Independent Director for 3 years.
• Result: Approved with 97.13% in favour, 2.87% against; total 30,66,905 votes.

Director appointment via postal ballot

• Purpose: appoint Madhuri Muddana as Non-Executive Independent Director for 3 years, effective 26 May 2026.
• Dates: remote e-voting from 24 July 2026 to 22 August 2026; results by 25 August 2026.
• Scrutinizer: IW&A Ramkumar & Associates, Practising Company Secretaries.
• Record dates: 17 July 2026 for notice recipients and e-voting eligibility.
• Board approval date for postal ballot: 17 July 2026.

Resolutions

• Purpose: Special Resolution to appoint Madhuri Muddana as Non-Executive Independent Director for three years.
• Term: May 26, 2026 to May 25, 2029.
• Not liable to retire by rotation; independence confirmed.
• E-voting period: Jul 24, 2026, 9:00 IST to Aug 22, 2026, 5:00 IST.
• Cut-off date: Jul 17, 2026.
• Outcome: results not yet declared; to be announced by Aug 25, 2026.
• Background: CA with 25+ years; founder of Madhuri & Co.
• Independence: meets Section 149(6) and SEBI independence criteria.
• Directorships: NSL Sugars (Tungabhadra) Limited.
• Remuneration: sitting fees; Nil last drawn.
• Shareholding: holds no Cosyn shares.
• Scrutinizer: Durga Bhavani Agarwal and Arun Marepally (A.S. Ramkumar & Associates).
• Committee recommendation: NRC recommended appointment.
• Notice and accessibility: notice available on Cosyn, BSE, and CDSL.