Adroit Infotech board to meet on July 20 to consider FY26 results

1 min read Updated on 14 Jul 2026, 01:01 PM

Reviewed by

Naman SScanX News Team

AI Summary

Adroit Infotech Limited's board meeting on July 20, 2026, will focus on approving FY26 financial reports and setting the 36th AGM date. Key agenda items include the forfeiture of unpaid shares, revising senior management salaries at a subsidiary, and appointing a new Internal Auditor following the resignation of the previous auditor.

*this image is generated using AI for illustrative purposes only.

Adroit Infotech Limited will convene a board meeting on July 20, 2026, to approve the Directors' Report and Corporate Governance Report for the financial year ended March 31, 2026. The meeting, scheduled for 4:00 P.M. at the company's Registered Office, will also determine the date, time, and venue for the 36th Annual General Meeting (AGM), along with the record date and book closure period.

The board will consider the forfeiture of partly paid-up equity shares where holders have failed to pay outstanding First Call and/or Final Call monies. This decision is based on the recommendation of the Rights Issue Committee. Additionally, the directors will review the salary revision of the Group CEO and COO of a material subsidiary.

Changes in the company's audit function are on the agenda. The board will accept the resignation of Mr. Ravi Daryavesh from the position of Internal Auditor, effective June 13, 2026. Simultaneously, it will approve the appointment of Mr. Thirumareddy Praveen Kumar as the new Internal Auditor for the financial year 2026-2027, effective from June 13, 2026.

Procedural approvals for the upcoming AGM include appointing Ms. Sarada Putcha, a Practicing Company Secretary (Membership No. 02717), as the Scrutinizer for the 36th AGM. The board will also approve the notice convening the Annual General Meeting.

The following table summarizes the key personnel changes to be approved:

Position	Action	Effective Date	Person
Internal Auditor	Resignation	June 13, 2026	Mr. Ravi Daryavesh
Internal Auditor	Appointment	June 13, 2026	Mr. Thirumareddy Praveen Kumar
AGM Scrutinizer	Appointment	To be decided	Ms. Sarada Putcha

Historical Stock Returns for Adroit Infotech

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.67%	-0.78%	-3.46%	-11.06%	-19.04%	+10.11%

What is the estimated financial impact of the forfeiture of partly paid-up shares on the company's equity capital?

Will the salary revision for the Group CEO and COO signal a broader strategic shift in compensation policy for the material subsidiary?

How might the change in internal auditor leadership affect the company's internal control environment and risk management strategies?

Consolidated Performance

For the financial year ended March 31, 2026, the company reported a consolidated net profit of ₹329.87 crore, a significant increase compared to ₹68.83 crore in the previous year. Revenue from operations rose to ₹4,865.82 crore from ₹3,171.22 crore in FY25. Total income for the year stood at ₹5,186.53 crore, up from ₹3,391.16 crore in the corresponding period last year.

The profit before tax and exceptional items for the year was ₹470.96 crore, compared to a loss of ₹204.57 crore in the previous year. For the quarter ended March 31, 2026, the net profit was ₹67.51 crore, while revenue from operations was ₹1,306.75 crore.

Standalone Results

On a standalone basis, the company reported a net loss of ₹73.86 crore for FY26, compared to a profit of ₹5.61 crore in the previous year. Revenue from operations decreased to ₹517.93 crore from ₹724.02 crore in FY25. Total income for the year stood at ₹883.86 crore, down from ₹914.50 crore in the previous year.

For the quarter ended March 31, 2026, the standalone net loss was ₹168.91 crore, with revenue from operations at ₹128.30 crore.

Financial Position and Cash Flows

The company's consolidated total assets as of March 31, 2026, stood at ₹11,488.57 crore, compared to ₹9,647.56 crore in the previous year. Total equity increased to ₹7,648.40 crore from ₹7,360.58 crore. The cash and cash equivalents as per the balance sheet were ₹3,966.36 crore.

The net cash generated from operating activities for the consolidated entity was ₹1,228.08 crore for the year, compared to a net usage of ₹71.94 crore in the previous year. Investing activities resulted in a net cash outflow of ₹1,352.79 crore, while financing activities provided a net inflow of ₹338.25 crore.

Key Consolidated Financials (Year Ended March 31, 2026)

Particulars	FY26 (₹ in Lakhs)	FY25 (₹ in Lakhs)
Income from operations	4,865.82	3,171.22
Total Income	5,186.53	3,391.16
Total Expenses	4,715.57	3,595.72
Net Profit for the period	329.87	68.83

Management Updates

During the year, the Board of Directors appointed Mr. Naveen Naidu as Group Chief Executive Officer and Mr. Satish Kumar Yadav as Group Chief Operating Officer, effective November 6, 2025. Additionally, the Annual General Meeting held on September 9, 2025, approved the voluntary winding-up of Adroit Infotech Inc, USA, a wholly-owned subsidiary, as it is no longer operational. The process is currently underway and is not expected to have a material financial impact on the consolidated results. The Group operates in a single business segment being 'Information Technology Services'. Geographical revenue breakdown (consolidated) for the year was India ₹2,014.66 lakh and Outside India ₹2,851.46 lakh.

Historical Stock Returns for Adroit Infotech

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.67%	-0.78%	-3.46%	-11.06%	-19.04%	+10.11%

What strategic initiatives are driving the significant gap between consolidated profitability and standalone losses, and can the subsidiary-led growth model be sustained in FY27?

How will the new Group CEO and COO appointments influence Adroit Infotech's international expansion strategy, given that overseas revenue already exceeds domestic revenue?

With ₹1,352.79 crore in investing outflows, what major capital deployments or acquisitions is the company pursuing, and how might these shape its competitive positioning in IT services?