Takyon Networks Ltd

Takyon Networks Ltd — Trading Window closed from 1st October, 2025 till 48 hours after declaration of the Un-audited Financial Results for the half year ended 30th September, 2026

AGM Details

• AGM held on 30 September 2026 at 12:00 IST via VC/OAVM; concluded at 12:25 IST.
• Remote e-voting from 27 September 2026, 9:00 AM to 29 September 2026 PM.
• AGM webcast facility provided to shareholders.

Key Resolutions

• Ordinary resolution to adopt standalone financial statements for year ended 31 March 2026.
• Ordinary resolution to adopt consolidated financial statements for year ended 31 March 2026.
• Ordinary resolution to re-appoint Paresh Goyal, retires by rotation.

Voting Status

• Voting results to be declared within prescribed timelines; Scrutinizer appointed for poll.

Director Changes

• Paresh Goyal re-appointed as Director (retires by rotation).

Order details

• Awarding entity is Northern Railway, Lucknow.
• Nature and scope: Augmentation and Upgradation of Last Mile Connectivity of CMS at various stations in Lucknow Division.
• Order value: INR 178.61 Lakhs.
• Execution period is 180 days from the Letter of Acceptance, by 02.03.2027.
• Awarding entity is domestic.
• No promoter/group interest; not a related party transaction.

Financial snapshot

• Standalone revenue from operations: 7,043.71 Lakhs; down from 9,940.13.
• Standalone total income: 7,205.55 Lakhs; down from 9,975.76.
• Standalone PBT: 381.68 Lakhs; Standalone PAT: 306.59 Lakhs.
• Consolidated revenue from operations: 7,105.25 Lakhs; Consolidated PAT: 365.42 Lakhs.
• Consolidated PBT: 460.28 Lakhs; Consolidated EPS: 3.29 Rs.
• IPO proceeds raised: 2047.68 Lakhs; used for working capital/debt repayment/colicy.
• Dividend: no dividend declared for 2025-26.
• Total assets: Standalone 6,720.30 Lakhs; Consolidated 6,976.56 Lakhs.
• Paid-up capital post-IPO: 1,432.20 Lakhs; authorized capital: Rs 16 Crore.
• Order book entering FY2026-27 ≈ 50% of FY25-26 revenue.

Industry context

• FY25-26 saw industry-wide IT hardware supply disruption, increasing component prices.
• Global memory chips and networking components price surges affected margins.

Strategy and execution

• Discipline over growth: phase delivery, extend timelines to protect margins.
• Diversified vendor base; price-escalation clauses in new contracts.
• Increase Make in India sourcing to reduce supply-chain volatility.
• Order book intact heading into next year; focus on converting backlog to revenue.

Capital structure & governance

• IPO funds utilized fully for working capital, debt repayment, and corporate purposes.
• Paid-up capital increased to 1,432.20 Lakhs; total assets/LP structure adjusted.
• Top promoters hold 73.52% combined; 37.92 lakh new shares issued via IPO.
• Board comprises MD Manish Sharma, CEO Neeraj Kumar, and independent directors Jaiswal, Swati Singh, Sarita Paswan.

Subsidiaries & consolidation

• TNPL IT Services Private Limited is a subsidiary (99.99%), with Rs 16.29 Crore turnover.
• Consolidated results include TNPL IT Services; Annexure AOC-1 highlights subsidiary features.

Governance & risk management

• Company Secretary change: Pooja Sharma resigned 31 Oct 2025; Priyanka Pathak appointed 1 Nov 2025.
• Secretarial auditor: Gesu Nathani; Internal auditor: Kapoor Verma & Associates.
• Vigil mechanism and POSH policy in place; no POSH complaints in 2025-26.
• Risk management framework in place; no material going-concern concerns.

CSR & sustainability

• CSR obligation for FY25-26: 12.53 Lakhs; all spent on CSR activities.
• CSR details and policy listed on Takyon website; activities under Schedule VII.

Outlook & risks

• Long-term growth supported by digital transformation across government and enterprise sectors.
• Risks include rapid tech changes, cybersecurity threats, and vendor dependence.

Audit & controls

• Statutory audit by A D V & Associates; internal controls deemed adequate and effective.
• Secretarial audit by Gesu Nathani; no material adverse comments on governance.

AGM scheduling and e-voting

• 11th AGM fixed for 30 September 2026 at 12:00 PM via VC/OAVM.
• Draft notice for the 11th AGM approved.
• Directors' report for FY ended 31 March 2026 approved.
• Register of Members to be closed Sep 24–30, 2026 for AGM.
• e-voting facility opened; cutoff date Sep 23, 2026; remote voting Sep 27–29, 2026.
• Scrutinizer appointed for remote e-voting: M/s Pawan Bisht & Associates (Company Secretary in Whole-time Practice, CP 90543).

Dematerialisation processing and listing status

• Dematerialisation requests were processed and confirmed to depositories (accepted or rejected).
• Securities dematerialised were listed on the stock exchanges where earlier issues are listed.
• Physical certificates for dematerialisation were mutilated and cancelled; depository name substituted as registered owner within time limit.

Takyon Networks Ltd: Non-applicability of Trading Window Closure for Designated Persons; quarter ended June 30, 2026 (SME-listed)

Order Award

• Hindustan Aeronautics Limited, Kanpur awarded the order.
• Scope is a Comprehensive Annual Maintenance Contract.
• Order value is INR 60.50 lakhs.
• The awarding entity is domestic.
• Execution period is 24 months from order acceptance.
• Work must follow the scope of work and GeM contract terms.
• No promoter or group company interest was disclosed.
• The order is not a related party transaction.

Business

• Takyon provides networking and IT infrastructure solutions across data centers, cloud, security, and managed services.
• It operates an asset-light, solutions-driven model serving government and corporate clients.

Operations

• The company has completed 1,000+ projects for 400+ clients across India.
• It reported a ₹32 crore order book and a diversified domestic footprint.
• Management highlighted supply-chain de-risking and increased focus on Make in India products.

Financials

• FY26 revenue fell to ₹71.1 crore from ₹103.1 crore in FY25.
• FY26 EBITDA declined to ₹7.1 crore, with EBITDA margin at 9.7%.
• FY26 PAT was ₹3.7 crore, down from ₹7.0 crore in FY25.
• H2 FY26 revenue was ₹29.0 crore, EBITDA ₹1.6 crore, and PAT ₹0.4 crore.
• Trade receivables fell to ₹37.7 crore and cash rose to ₹0.9 crore in FY26.

Capital structure

• Equity increased to ₹57.6 crore in FY26 from ₹35.2 crore in FY25.
• Total borrowings declined, with short-term borrowings down to ₹6.5 crore and long-term borrowings to ₹0.5 crore.
• Debt-to-equity was stated at 0.12, among the lowest.

Outlook

• Management is prioritizing margin integrity over low-margin revenue growth.
• It expects supply-chain normalization, multi-vendor sourcing, and escalation clauses to support FY27 execution.
• The company is targeting public-sector and enterprise modernization opportunities.

Risks

• Global component prices rose 40%–300%+, hurting project economics and execution.
• Lead times extended to 9–52 weeks, delaying deliveries and tender conversion.
• Bihar projects worth about ₹30 crore were lost due to material shortages and administrative delays.

Governance

• Manish Kumar Sharma is Chairman and Managing Director; Neeraj Kumar is CEO and Whole-Time Director.
• The board includes three independent directors and two executive directors.
• The company highlighted ISO certifications and CMMI Maturity Level 3.

Order award

• Hindustan Aeronautics Limited awarded the order.
• Scope covers supply and installation of Active Network Components.
• Order value is Rs. 8,300,000.
• HAL is a domestic entity.
• Execution period is 90 days, ending 31 July 2026.
• Terms specify supply and installation.
• No promoter or group company interest was disclosed.
• The order is not a related party transaction.