Anka India Limited has secured shareholder approval to appoint Mr. Spark Sood as its Managing Director alongside three other directors through a remote e-voting process that concluded on June 02, 2026. The appointments were passed with an overwhelming majority, receiving 99.98% of the valid votes cast in favour, as detailed in the Scrutinizer's Report dated June 03, 2026. This outcome finalizes the company's leadership structure proposed in the Postal Ballot Notice dated April 27, 2026.

The remote e-voting period commenced on May 04, 2026, and was conducted via the Central Depository Services (India) Limited (CDSL) platform. A total of 1,983 shareholders were entitled to vote on the resolutions. The Scrutinizer, CS Ankit Tiwari of Ankit Tiwari & Company, confirmed that all four resolutions were passed with the requisite majority, with votes cast in favour significantly exceeding those against.

Voting Results Summary

The postal ballot process covered four distinct resolutions regarding the appointment of key personnel. The results showed strong support from the members, with 19 members voting in favour and 2 voting against across all resolutions. There were no invalid votes recorded for any of the items.

Key Appointments

The resolutions approved the appointment of Mr. Spark Sood (DIN: 11416018) as the Managing Director of the company. Additionally, the board will see the inclusion of two new Independent Directors, Mr. Dilip Kumar Choudhary (DIN: 07686337) and Mrs. Sonal Jain (DIN: 10153892). The fourth resolution appointed Mr. Rahul Sharma (DIN: 08023343) as a Non-Executive Non-Independent Director.

The Scrutinizer noted that the votes cast in favour of the special resolutions were three times more than the votes cast against them, meeting the criteria for passage. For the ordinary resolution regarding Mr. Rahul Sharma, the votes in favour exceeded the votes against. The detailed voting results have been filed in the prescribed XBRL/XML format on the BSE Listing Centre portal.

Anka India Limited reported a consolidated net loss of ₹46.34 lakh for the financial year ended March 31, 2026, widening from a net loss of ₹36.29 lakh in the previous year. Revenue from operations for the year increased to ₹1,809.43 lakh, compared to ₹1,296.02 lakh in FY25. The board approved the audited financial results on May 28, 2026, and appointed M/s Sudhir K & Associates as the internal auditor for the financial year ending March 31, 2027. The extracts of the audited financial results were published in the Financial Express and Jansatta on May 29, 2026, pursuant to Regulation 30 and Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The consolidated financial results include the performance of its wholly-owned subsidiary, Futech Internet Private Limited. The company recorded a total comprehensive income of ₹-46.06 lakh for the year. Standalone results showed a net loss of ₹741.85 lakh for the year, a significant shift from the net profit of ₹23.23 lakh in the previous year, primarily due to other expenses.

Auditor’s Observations

R.S. Prabhu & Associates, the statutory auditors, issued a qualified opinion on the consolidated financial results. The auditors noted that the company recognized goodwill amounting to ₹18.96 crore arising at the time of consolidation, which has not been tested for impairment at the year-end. Additionally, the company recognized Minimum Alternative Tax (MAT) credit of ₹35.38 lakh as an asset, despite incurring losses for the past few years. The auditors also qualified the standalone results regarding the recognition of MAT credit and deferred tax assets, stating it is not prudent given the company's history of losses.

Board Decisions

In addition to the financial results, the board approved the appointment of M/s Sudhir K & Associates as the internal auditor for FY27. The meeting, which commenced at 3:45 PM and concluded at 5:00 PM, also authorized Mr. Sameer Kumar, Company Secretary & Compliance Officer, to determine the materiality of events and make disclosures to the stock exchanges.