AccelerateBS seeks nod for pay hikes, borrowing limit hike

AccelerateBS India Limited has announced a postal ballot to seek shareholder approval for revising the remuneration of its senior management and increasing its financial powers. The remote e-voting period commences on May 30, 2026, and concludes on June 28, 2026, with a cut-off date of May 22, 2026, for shareholder eligibility. The company has published the notice in newspapers, including Business Standard and Pratahkal Marathi, on May 30, 2026, pursuant to Regulation 30 and 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board proposes to increase the basic salary for Mr. Kunal Arvind Shah, Chairman and Managing Director, and Mr. Keyur Dipakkumar Shah, Whole-time Director, from INR 55,00,000 to INR 65,00,000 per annum for the period from April 01, 2026, to December 29, 2027. Additionally, the Board seeks approval to raise the basic salary for Ms. Ami Keyur Shah, Executive Director and Chief Financial Officer, and Ms. Ishani Kunal Shah, Executive Director and Solution Architect, from INR 55,00,000 to INR 65,00,000 per annum for the financial years 2026-27 and 2027-28. For all four directors, the proposal includes increasing Performance Pay to an amount not exceeding 300% of the annual basic salary.

Financial Resolutions

Beyond remuneration, the company has placed three special resolutions before shareholders to expand its financial flexibility. These measures are intended to support existing and future financial requirements and strategic growth opportunities.

Resolution	Purpose	Limit
Borrowing Powers	To borrow monies from banks, financial institutions, or lenders	INR 60,00,00,000 outstanding at any point in time
Asset Disposal	To sell, lease, or dispose of undertakings to secure borrowings	INR 60,00,00,000 secured by assets
Loans and Investments	To provide loans, guarantees, or acquire securities	INR 60,00,00,000 outstanding at any point in time

The proposed limits for borrowing and loans exceed the aggregate of the company's paid-up capital, free reserves, and securities premium, necessitating shareholder approval under Sections 180 and 186 of the Companies Act, 2013. The previous limit for loans and investments was INR 25,00,00,000.

Voting and Scrutiny

Mr. Vikas Raju Varma, Practicing Company Secretary, has been appointed as the Scrutinizer to ensure the fair conduct of the postal ballot. The results of the voting will be announced on or before June 30, 2026, and displayed on the company's website and the National Securities Depository Limited (NSDL) portal. The resolutions, if passed, will be deemed effective as of June 28, 2026.

Ms. Jigyasha Jain, Company Secretary and Compliance Officer, confirmed that the company is not in default of payments to any banks or public financial institutions. The explanatory statement notes that the company made strategic investments during the financial year 2025-26 to support long-term growth, which impacted current profitability.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	-9.74%	-1.80%	+71.50%	+31.92%	+67.06%

AccelerateBS India Limited reported a 17% increase in net profit to ₹85.76 lakh for the financial year ended March 31, 2026, driven by higher other income despite a decline in revenue. The company's board recommended a final dividend of ₹0.10 per equity share for FY26, subject to shareholder approval at the ensuing Annual General Meeting. Revenue from operations for the year decreased to ₹643.75 lakh from ₹677.10 lakh in the previous year, while total income rose to ₹668.04 lakh from ₹682.15 lakh.

Financial Performance

For the full year, the company reported a profit before tax of ₹133.53 lakh, up from ₹111.25 lakh in the prior year. Total expenses for FY26 were ₹534.51 lakh, lower than the ₹570.90 lakh recorded in FY25. The half-year ended March 31, 2026, however, recorded a net loss of ₹3.99 lakh, contrasting with a profit of ₹87.35 lakh in the corresponding period of the previous year.

Metric (Amount in Lakhs)	FY26 (Audited)	FY25 (Audited)
Revenue from operations	643.75	677.10
Total Revenue	668.04	682.15
Total Expenses	534.51	570.90
Profit Before Tax	133.53	111.25
Net Profit	85.76	73.30
Earnings Per Share (Basic)	2.49	2.57

Board Decisions

The Board of Directors approved the audited standalone and consolidated financial results for the half year and financial year ended March 31, 2026. Additionally, the board approved the re-appointment of Mr. Vikas Raju Varma as the Secretarial Auditor and Anish Mehta & Associates, Chartered Accountants, as the Internal Auditor for the financial year 2026-27. The Board's Report for FY26 was also approved.

Auditor's Report

M/s. K.S. Sanghvi & Co., Chartered Accountants, the Statutory Auditor of the company, provided an unmodified opinion on the audited standalone and consolidated financial results. The auditor noted that the consolidated financial results include the financials of newly incorporated subsidiaries, Accelerate Next Inc and Beanstalk Web Solutions, based in the United States of America.