Elnet Technologies Ltd

Elnet Technologies Limited — Trading Window closed from Thursday, October 01, 2026 till the end of 48 hours after the announcement of the Unaudited Financial Results for the Second Quarter ended 30th September, 2026.

AGM Details

• AGM held on 17 September 2026 at 11:30 AM IST via Video Conference/OAVM.

Key Resolutions

• Ordinary resolution: Adoption of financial statements.
• Ordinary resolution: Final dividend of Rs 2.00 per share.
• Ordinary resolution: Re-appointment of Ravi Janakiraman (retiring by rotation).
• Ordinary resolution: Re-appointment of Chakkolath Ramachandran (retiring by rotation).

Voting Results

• Adoption passed: 99.86% for, 0.14% against.
• Dividend resolution passed: 99.86% for, 0.14% against.
• Ravi Janakiraman re-appointment passed: 99.84% for, 0.16% against.
• Chakkolath Ramachandran re-appointment passed: 99.84% for, 0.16% against.

Dividend

• Final dividend of Rs 2.00 per equity share approved.

Director Changes

• Ravi Janakiraman re-appointed as director (retiring by rotation).
• Chakkolath Ramachandran re-appointed as director (retiring by rotation).

AGM Details

• Date and time: Sep 17, 2026 at 11:30 IST.
• Mode: VC/OAVM; meeting conducted via video conference.

Key Resolutions (Ordinary)

• Adoption of Financial Statements for FY2025-26 ( Ordinary ).
• Declaration of final dividend of Rs 2 per equity share ( Ordinary ).
• Re-appointment of Ravi Janakiraman (DIN 00042953) as director ( Ordinary ).
• Re-appointment of Chakkolath Ramachandran (DIN 00050893) as director ( Ordinary ).

Voting Status

• Voting conducted through remote e-voting and at the meeting.

Audit Committee compliance and governance

• Regulatory action: BSE fines Elnet Rs 40,120 for Audit Committee composition non-compliance.
• Payment made: Rs 40,120 paid; Annexure-I attached.
• Independent director vacancy from AP Radhakrishnan filled by Navneet Ganapathi; effective 14 May 2026.
• Navneet Ganapathi inducted as Audit Committee member from 3 June 2026; Audit Committee reconstituted.
• Audit Committee now two-thirds Independent Directors.
• Delay in achieving requisite composition deemed inadvertent; corrective measures completed; policy to maintain compliance.
• Regulators: Company commits to SEBI LODR compliance going forward.

AGM notice & AR access

• 35th AGM scheduled for 17 September 2026 at 11:30 IST via VC/OAVM.
• Notice and Annual Report for FY 2025-26 dispatched electronically to registered emails.
• Shareholders with unregistered emails will access AR via provided web link.
• Web link for AR FY 2025-26 provided: https://www.elnettechnologies.com/Document/AR-2025-2026.pdf
• Notice and AR dispatches carried out under MCA/SEBI exemptions for electronic delivery.
• Reminder to register missing KYC details in folio.

Financial performance

• Revenue from operations stood at ₹2,494.13 lakh for FY2025-26.
• Other income: ₹1,118.23 lakh in FY2025-26.
• Total revenue reached ₹3,612.36 lakh in FY2025-26.
• Profit before tax: ₹2,554.46 lakh.
• Tax expense: ₹545.25 lakh.
• Profit for the year: ₹2,009.21 lakh.
• Earnings per share: ₹50.23.
• Final dividend for FY2025-26: ₹2.00 per equity share.
• Record date for dividend: 10 Sep 2026.

Dividends

• Dividend for FY2024-25: ₹1.90 per share (19%).
• Proposed dividend for FY2025-26: ₹2.00 per share (20%).

Capital structure & liquidity

• Debt-to-equity ratio: 0.02.
• Net debt to equity: 2.43.
• Cash and cash equivalents: ₹9.97 crore.
• Share capital: ₹400.00 lakh.

Governance & board changes

• Madura Ganesh appointed Independent Director via postal ballot (effective 29 March 2025).
• K.P Karthikeyan appointed Non-Executive Director and Chairman (Feb 18, 2025).
• A.R Rajalakshmi appointed Non-Executive Independent Director (Nov 5, 2025).
• Navneet Ganapathi appointed Independent Director (effective 3 Jun 2026; ballot approved Aug 3, 2026).

Audit & compliance

• Statutory auditors: M/s Selvam & Suku; five-year term to 36th AGM.
• Secretarial auditor: BP & Associates; late voting results; penalty paid; remedial actions.
• Internal audit: Ajay Kumar & Associates; quarterly risk-based reviews.

CSR & sustainability

• CSR spend: ₹44.12 lakh; 2% of average net profits.
• CSR committee: 3 members; 2 meetings held.
• Projects include Annaai Trust education; Madurai breakfast scheme; cancer care.

Contingent liabilities & risk

• Contingent liability: Land lease deposit with ELCOT ₹1,385.72 lakh.
• GST service tax demand ₹136.59 lakh; appeal pending before CESTAT.

Record date and book closure

• Purpose: determine e-voting eligibility and dividend entitlement at the 35th AGM for FY2025-26.
• Security type: Equity shares.
• Record date: Thursday, September 10, 2026.
• Book closure: Sep 11–17, 2026 (inclusive).
• Dividend is subject to shareholder approval.

Book Closure & Record Date

• Book closure: 11 September 2026 to 17 September 2026 (inclusive).
• Purpose: determine shareholders for e-voting and dividend at the 35th AGM for FY 2025-26.
• Record date: 10 September 2026 (cut-off for voting and dividend entitlement).
• Event: 35th AGM for FY 2025-26.
• Security: Equity shares.
• Dividend subject to approval by shareholders at the AGM.