3C IT Solutions & Telecoms has scheduled its 11th Annual General Meeting for September 30, 2026. The meeting will address key governance matters, including the reappointment of a non-executive director and proposed remuneration revisions for top management.

The company will seek shareholder approval to increase the annual remuneration of Managing Director Ranjit Kulladhaja Mayengbam from ₹60.9 lakh to ₹69.9 lakh. Additionally, the board proposes raising the compensation of Executive Director and CFO Gangarani Devi Mayengbam from ₹33.6 lakh to ₹42.6 lakh per annum. Both hikes are effective from August 1, 2026.

Financial Performance Context

The remuneration revisions come against a backdrop of significant revenue growth for the fiscal year ended March 31, 2026. The company reported revenue from operations of ₹5,847.3 lakh in FY26, a substantial increase from ₹3,650.6 lakh in FY25. Profit before tax also expanded to ₹58.9 lakh from ₹12.2 lakh in the prior year.

Despite the operational improvement, net profit after tax stood at ₹57.5 lakh in FY26, compared to a loss of ₹5.7 lakh in FY25. The company’s net worth increased marginally to ₹1,301.3 lakh as of March 31, 2026.

Governance and Directorship

Shareholders will also vote on the reappointment of Gurpreet Kaur Jaggi as a Non-Executive Director. She retires by rotation at the upcoming AGM and has offered herself for re-election. Jaggi brings over 14 years of experience in business strategy and organizational growth to the board.

What the Numbers Show

The divergence between pre-tax and post-tax profitability highlights the impact of tax provisions on the bottom line. While profit before tax grew nearly fivefold year-on-year, the net profit after tax remained relatively modest at ₹57.5 lakh. This suggests that tax expenses or other non-operating items absorbed a significant portion of the pre-tax gains, limiting the translation of top-line growth into retained earnings.

Meeting Logistics

The AGM will be conducted via video conference or other audio-visual means. Remote e-voting will be available from September 27 to September 29, 2026. The record date for determining voting eligibility is September 23, 2026. Shareholders holding shares in demat mode can vote through their depository participants.

3C IT Solutions & Telecoms (India) Limited submitted a corrigendum to its audited financial results for the financial year ended March 31, 2026, correcting clerical errors in the initial filing dated May 30, 2026. The company clarified that the conclusion time of the board meeting held on May 30, 2026, was 12:20 P.M. rather than the erroneously stated 12:20 A.M. Additionally, the date mentioned in the Audit Report was corrected to May 30, 2026, from the previously reported May 29, 2026. The company confirmed that these changes do not affect the financial results, board decisions, or other disclosures submitted earlier.

The statutory auditors, CMRS & Associates LLP, issued an unmodified opinion on the financial results. However, the auditor's report highlighted that management did not conduct a physical verification of inventory as of the balance sheet date. Consequently, the auditors were unable to perform alternative procedures to verify the existence and valuation of inventory, relying instead on management representations.

Financial Performance

The company returned to profitability in FY26, reporting a net profit of ₹57.52 lakh compared to a net loss of ₹5.70 lakh in the previous year. The turnaround was driven by a 60.2% increase in revenue from operations, which rose to ₹5,847.26 lakh from ₹3,650.59 lakh in FY25. Total income for FY26 stood at ₹5,865.78 lakh, up from ₹3,680.19 lakh in the previous year. Total expenses increased to ₹5,806.84 lakh from ₹3,668.02 lakh. Profit before tax for the year improved to ₹58.94 lakh from ₹12.16 lakh. Earnings per share (basic) for the year was ₹0.96, compared to a loss of ₹0.09 per share in FY25.

IPO Proceeds Fully Utilised

The board noted the full utilisation of Initial Public Offering (IPO) proceeds. The company raised ₹849.86 lakh through its IPO and utilised the entire amount by March 31, 2025, for funding working capital requirements, repayment of borrowings, and general corporate purposes. Consequently, the reporting requirements under Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, have been closed as no unutilised amount remains outstanding.