Anka India reported a consolidated net loss of ₹46.34 lakh for the financial year ended March 31, 2026, widening from a loss of ₹36.29 lakh in the previous year, as revenue from operations increased to ₹1,809.43 lakh. The company's board approved the standalone and consolidated audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 28, 2026. R.S. Prabhu & Associates, the statutory auditors, issued a qualified opinion on the annual consolidated financial results, highlighting material accounting irregularities.

Audit Qualifications and Financial Impact

The auditors identified two key qualifications in their report. First, the company recognized goodwill amounting to ₹18.96 crore arising from consolidation but did not test it for impairment at the year-end. Consequently, the auditors stated they could not comment on the correctness of the recognized goodwill. Second, the company recognized MAT credit of ₹35.38 lakh as an asset in the consolidated financials, expecting it to be adjusted against future tax payments, despite incurring losses for the past few years.

In the standalone financial results, the auditors similarly qualified the opinion regarding the recognition of MAT credit of ₹35.37 lakh and Deferred Tax Assets of ₹0.56 lakh. The auditors opined that given the history of losses and overall financial position, recognizing these amounts as assets is not prudent and does not align with relevant guidance notes and accounting standards.

Consolidated Financial Performance

For the year ended March 31, 2026, the company reported a total revenue of ₹1,887.45 lakh, up from ₹1,424.69 lakh in the prior year. Total expenses increased to ₹1,914.03 lakh from ₹1,462.59 lakh. The company reported a loss before tax of ₹26.58 lakh. On a quarterly basis, the standalone entity reported a profit of ₹2.33 lakh for the quarter ended March 31, 2026, but a net loss of ₹741.85 lakh for the full year.

Board Appointments and Disclosures

The board appointed M/s Sudhir K & Associates as the Internal Auditor for the financial year ending March 31, 2027. Additionally, Mr. Sameer Kumar, Company Secretary & Compliance Officer, was authorized to determine the materiality of events and make necessary disclosures to the stock exchanges. The consolidated financial results include the figures of Futech Internet Private Limited, a wholly-owned subsidiary acquired via a share swap arrangement effective June 11, 2025.

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.