Adroit Infotech Limited concluded its 36th Annual General Meeting (AGM) on August 14, 2026, with shareholders approving a slate of ordinary and special resolutions. The meeting, held via Video Conferencing/Other Audio-Visual Means (OAVM), commenced at 9:00 am and concluded at 10:20 am, including time allocated for e-voting.

The most significant outcomes involved strategic financial permissions. Shareholders approved special resolutions for borrowing powers under Section 180(1)(c) of the Companies Act, 2013, and the creation of charges or mortgages on company assets under Section 180(1)(a). Additionally, approvals were granted for making loans, giving guarantees, and providing securities under Section 186, as well as granting such facilities to entities in which directors have an interest under Section 185.

Governance and Operational Resolutions

On the governance front, Ms. Kanthi Reddy Sunkerneni was re-appointed as a director after retiring by rotation. The shareholders also took note of the revision in remuneration for the Group Chief Executive Officer and Group Chief Operating Officer of a material subsidiary. Other operational approvals included the forfeiture of partly paid-up equity shares and the approval of material related-party transactions under Regulation 23 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company also secured approval to modify its "AIL ESOP-2023" scheme and implement it through the Adroit Infotech Employees Welfare Trust.

Financial Statements and Audit

The meeting served to receive, consider, and adopt the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026. The Chairman informed members that the Auditors' Report contained no qualifications, observations, or adverse remarks. Similarly, the Secretarial Audit Report had no adverse observations.

Meeting Proceedings

Mr. Sudhakiran Reddy Sunkerneni, Managing Director and Chairman, chaired the proceedings. All five directors were present, along with the CFO, Company Secretary, Scrutinizer, and Auditor. Thirty-seven members participated via OAVM. The Chairman addressed members on performance highlights against industry standards and future growth plans before moving to the resolutions.

Ms. Sarada Putcha was appointed as the scrutinizer to oversee the voting process. Remote e-voting was available prior to the meeting, with an additional 15-minute window provided during the AGM for those who had not voted remotely. Results will be disclosed on the company website and stock exchanges within two working days.

Adroit Infotech Limited published its unaudited financial results for the quarter ended June 30, 2026 (Q1FY27), in Business Standard and Nava Telangana on August 5, 2026. The disclosure was made pursuant to Regulation 30 and Regulation 47 of the SEBI (Listing and Other Disclosure Requirements) Regulations, 2015. The publication ensures that shareholders have access to the company’s performance metrics through widely circulated media, complementing the digital filings available on stock exchange websites.

The Board of Directors approved the unaudited financial results on August 4, 2026, following a review by the Audit Committee. Statutory auditors Rao & Shyam Chartered Accountants issued an unmodified limited review report on the results. In addition to approving the financials, the Board revised the remuneration payable to Rao & Shyam for conducting the statutory audit of the standalone and consolidated financial statements for FY27. The revised fees will be paid as per approved terms, inclusive of applicable taxes and out-of-pocket expenses.

Consolidated income from operations reached ₹1,500.99 lakh, up from ₹982.69 lakh in Q1FY26. This growth was primarily driven by increased demand for SAP support services across overseas subsidiaries in the UAE, Singapore, and the USA. However, total expenses rose sharply to ₹1,492.39 lakh from ₹931.10 lakh last year. Employee benefits expense accounted for the largest portion of this increase, rising to ₹864.44 lakh from ₹637.31 lakh. Other expenses also saw a significant jump to ₹526.00 lakh from ₹211.23 lakh. Consequently, profit before tax fell to ₹81.62 lakh from ₹115.90 lakh, with total tax expense standing at ₹18.78 lakh.

In contrast, the standalone business faced severe contraction. Income from operations plummeted 59% to ₹63.51 lakh from ₹156.74 lakh in Q1FY26. Although other income remained relatively stable at ₹62.89 lakh, total expenses stayed elevated at ₹141.13 lakh. Finance costs were ₹28.78 lakh and depreciation stood at ₹22.72 lakh. The standalone loss before tax was ₹14.72 lakh, widening to a net loss after tax of ₹15.64 lakh, compared to a profit of ₹48.15 lakh in the prior year.

Key Financial Metrics

Rights Issue Update

During the quarter, Adroit Infotech provided a final opportunity to shareholders holding 3,091,222 rights shares who had not paid the first call/final call. The Rights Issue Committee allotted 451,312 shares in its meeting on May 22, 2026. The remaining 2,639,910 unpaid shares will be forfeited pending necessary permissions under SEBI guidelines and the Companies Act. Paid-up equity share capital stands at ₹5,462.85 lakh.

What the Numbers Show

The financial data reveals a structural shift in profitability towards the consolidated group. While domestic standalone operations contracted significantly—revenue dropping nearly 60%—international subsidiaries drove overall group revenue growth. This suggests that Adroit Infotech’s expansion into global markets is beginning to offset domestic headwinds, although the standalone loss indicates ongoing challenges in the Indian market. The sharp rise in employee benefits expense at the consolidated level reflects the cost of scaling international operations, which may pressure margins if revenue growth does not continue to outpace these costs.