Shradha AI Technologies Ltd

Financial highlights

• Revenue from operations: Rs 1,885.56 Lacs in FY2025-26.
• Other income: Rs 280.76 Lacs in FY2025-26.
• PAT: Rs 1,055.29 Lacs in FY2025-26.
• Earnings per share: Rs 1.73 (basic) in FY2025-26.
• Total Comprehensive Income: Rs (1,788.24) Lacs in FY2025-26.
• No debt outstanding; no debentures or non-convertible securities.
• Final dividend: Rs 0.60 per share; cash outflow Rs 3,65,71,452.
• Record date for dividend: 21 Aug 2026.

Capital structure

• Authorised capital: Rs 12.50 Cr; issued/subscribed paid-up capital: Rs 12.191 Cr.
• No change in authorised or paid-up capital during the year.
• No outstanding debentures, bonds, warrants, or non-convertible securities.

Governance & board

• Board comprises seven directors: 1 MD, 4 Independent, 2 Non-Independent.
• Vineet Ladhania reappointed as Independent Director for 2025-2030.
• Moodscope AI divested 28 Mar 2026; Moodscope ceased to be subsidiary.
• Four Board meetings held in FY2025-26.
• CS Riddhita Agrawal appointed Secretarial Auditor for 2025-30.

CSR & sustainability

• CSR spend: Rs 15.00 Lacs; statutory obligation: Rs 14.93 Lacs.
• CSR policy and projects disclosed on company website.
• CSR committee met once on 12 Nov 2025.
• CSR project: Promoting Education in Nagpur; Rs 15.00 Lacs via GH Raisoni Foundation; CSR reg CSR00009318.
• Average net profit for CSR eligibility: Rs 746.34 Lacs; 2% obligation: Rs 14.93 Lacs.
• Unspent CSR: Nil; no carry forward.

Audits & internal controls

• Statutory auditors: M/s Yawalkar & Associates; second term 2023-2027.
• Internal auditors: M/s Deshpande Bhalerao & Pashine; quarterly reports to Audit Committee.
• Secretarial audit: MR-3; Annex-B; no qualifications.
• Auditors' report: Unmodified opinion; revenue recognition under Ind AS 115 highlighted.

Shareholding & dematerialisation

• Dematerialisation: 98.80% of equity shares; 6,02,18,300 demat; 1.20% physical.
• Trading symbol: SHRAAITECH; ISIN INE489B01031; Exchanges: MSE and BSE.
• Shareholding mix: Promoters 74.66%; Indian Public 18.01%; Bodies Corporate 7.09%; NRIs 0.24%.
• Shareholders: 15,900; total equity shares: 60,952,420.
• Registrar & Transfer Agent: Skyline Financial Services.

Roadmap & outlook

• Road ahead: invest in AI/ML; cybersecurity; infrastructure modernization.
• Focus on high-value Indian markets; expand IT services and digital transformation.

Financial highlights

• Q1 FY27 unaudited revenue from operations Rs 370 lakh; total income Rs 413.14 lakh.
• Profit after tax Rs 227.37 lakh; Basic and diluted EPS Rs 0.37.
• YoY: revenue from operations down ~38.5%; PAT down ~32.4%.
• Standalone and consolidated results; board approved the unaudited results for Q1 FY27.
• Auditor's review: unmodified opinion on standalone results.

Operational & segment mix

• Software development revenue Rs 370 lakh; IT hardware nil; gross revenue Rs 370 lakh.
• Software development segment PBT Rs 284.62 lakh; total PBT Rs 303.85 lakh.
• Total income Rs 413.14 lakh; total expenses Rs 109.29 lakh; PBT before tax Rs 303.85 lakh.

Governance & leadership changes

• Pritam Raisoni resigned as CFO, effective 12 Aug 2026.
• Jaikishan Nagdev appointed CFO, effective 13 Aug 2026.
• Riddhita Agrawal appointed annual secretarial compliance auditor FY27.
• Board reconstituted Audit, Nomination & Remuneration, Stakeholders Relationship, CSR committees.

Dividend & AGM timeline

• Record date for final dividend (if approved) 21 Aug 2026.
• AGM 37th on 8 Sep 2026; remote e-voting cut-off 1 Sep 2026.

Auditor & disclosures

• Independent Auditor's Review Report conducted; no material qualifications; unmodified opinion.

Meeting Details

• Date: 12 August 2026
• Location: Registered Office, Nagpur
• Time: Not disclosed

Key Agenda Items

• Un-Audited Standalone quarterly results for June 30, 2026 with Limited Review Report
• Board's Report with annexures for year ended March 31, 2026
• Fix day, time and venue of the 37th AGM
• Notice convening 37th AGM and calendar of events for E-Voting U/s 108
• Fixation of Record Date/Book Closure Date for payment of Final Dividend
• Appointment of new Director with potential KMP changes

Other Notes

• Trading window closed for Directors and designated employees from July 1, 2026 to 48 hours after results

Dematerialisation status

• Physical certificates for dematerialisation were mutilated, cancelled, and the depository substituted within 15 days.
• Securities have been listed on the stock exchange where the originals are listed.
• Dematerialisation actions completed for the received certificates after due verification.

Financial Performance 📊

• Standalone Q3 FY26 revenue Rs. 308 lakh (-40.5% QoQ, +68.5% YoY); 9M revenue Rs. 1,353 lakh (+15.3% YoY).
• Standalone Q3 FY26 PBT Rs. 179 lakh (-52% QoQ, -57% YoY); 9M PBT Rs. 1,027 lakh (+5.8% YoY).
• Standalone Q3 FY26 PAT Rs. 149 lakh (-46% QoQ, -54% YoY); 9M PAT Rs. 762 lakh (+1.9% YoY).
• Consolidated Q3 FY26 revenue Rs. 317 lakh (-28% QoQ, -39% YoY); 9M revenue Rs. 1,363 lakh (+16.2% YoY).
• Consolidated Q3 FY26 PBT Rs. 176 lakh (-51% QoQ, -57% YoY); 9M PBT Rs. 997 lakh (+3.1% YoY).
• Consolidated Q3 FY26 PAT Rs. 146 lakh (-46% QoQ, -54% YoY); 9M PAT Rs. 732 lakh (-1.9% YoY).

Segment Performance

• Software development segment revenue Q3 Rs. 317 lakh, 9M Rs. 1,335 lakh; IT hardware revenue minimal.
• Software development segment profit Q3 Rs. 171 lakh, 9M Rs. 832 lakh; IT hardware profit Rs. 3.26 lakh Q3.

Balance Sheet & EPS

• Total consolidated assets Rs. 8,121 lakh; liabilities Rs. 658 lakh; equity Rs. 7,463 lakh as of Dec 31, 2025.
• EPS (basic/diluted) standalone Q3 Rs. 0.24, 9M Rs. 1.25; consolidated Q3 Rs. 0.24, 9M Rs. 1.22.
• Other comprehensive income showed negative revaluation impact of Rs. (444) lakh Q3 standalone.

Corporate Actions & Approvals 📍

• Board approved strategic sale/lease/transfer of subsidiary Moodscope AI Pvt Ltd shareholding by Sept 2026.
• Moodscope AI had nil revenue and net worth of -7.62 lakhs in FY25; sale consideration expected ≤ Rs. 10 lakh.
• Moodscope AI sale may involve related/unrelated parties; related party transactions to be at arm’s length.

Compliance & Audit

• Statutory auditors issued unqualified limited review reports for Q3 & 9M FY26 results.
• No deviations or variations in use of proceeds reported under SEBI Regulation 32 for the quarter.
• New Labour Codes effective Nov 2025; company evaluating impact for FY26 year-end financials.