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20 Aug 2026 1 filing
Key Decisions
Remuneration revised for Debasish Sarkar, WTD and CFO.
Remuneration revised for Basanta Kumar Rana, MD.
Notice of 8th AGM approved for 25 September 2026 via Video Conferencing and Other Audio-Visual Means.
Appointed Prateek Kohli, Practicing Company Secretary, to scrutinize e-voting.
17 Jul 2026 1 filing
Key Decisions
Approved outbound investment and incorporation of a wholly owned subsidiary in Delaware, USA.
Subsidiary to be a related party of the company.
100% cash subscription to the subsidiary's share capital at face value.
Subsidiary Details & Timelines
Target entity Workmates US Inc to be incorporated in Delaware; operations to commence after approvals.
Incorporation approvals required in Delaware; timeline dependent on incorporation.
Board's Report for FY 2025-26 approved with annexures.
8 Jul 2026 1 filing
Dematerialisation processing and listing status
Securities received for dematerialisation were processed and confirmed to depositories.
Securities dematerialised were listed on the relevant stock exchanges.
Physical certificates were mutilated and cancelled after verification, with depository substituted as registered owner.
20 May 2026 1 filing
Business overview
Cloud and digital transformation partner focused on AWS, cybersecurity, AI, and managed services.
Asset-light model combines project implementations with recurring annuity revenues.
Operational highlights
Revenue rose 33.6% to ₹143 crore in FY26.
Recurring revenue was 82.5% of revenue, up 29.7% year-on-year.
Project implementation billing grew 56.3% to ₹25 crore.
Customer base increased to 316, with 38 enterprise customers and 85 new logos.
Debtor days improved to 62 from 72, supporting faster cash conversion.
Billable utilization improved to 84% from 72%.
Financial performance
PAT increased 16% to ₹15.92 crore in FY26.
PAT margin was 11.07%, down from 12.99% last year.
Gross margin declined to 32.79% from 33.89%.
EBITDA margin fell to 16.21% from 17.7%.
Exit MRR was ₹10 crore per month; entry MRR for FY27 was ₹13.5 crore.
Capital structure & liquidity
No debt, equity raise, or credit rating changes were disclosed in this chunk.
Lower debtor days indicate improved working capital efficiency.
Strategy & outlook
Management targets ₹210 crore revenue in FY27, versus current visibility of ₹190.56 crore.
Growth priorities include enterprise expansion, managed services, security, AI, and automation.
UK and US expansion plans were paused; Singapore go-to-market is being recalibrated.
A US office is planned to support global customer billing operations.
Risks & mitigation
Margin pressure, talent availability, competition, and hyperscaler dependence were highlighted as risks.
Mitigation includes improving services mix, capability programs, specialization, and multi-solution strategy.
Governance & leadership
Debasish Sarkar signed the filing as Whole Time Director and CFO.
No other board or shareholding changes were disclosed in this chunk.