Aqylon Nexus Limited will hold its 31st Annual General Meeting on September 30, 2026, to approve the appointment of statutory and secretarial auditors alongside leadership regularizations. The company also filed its annual report for FY26, disclosing a profit after tax of ₹575.80 lakh against a loss of ₹2,236.83 lakh in the previous year.

The company confirmed the dates in an intimation signed by Director Vishnu Rupareliya on September 8, 2026. The closure aligns with the AGM scheduled for Wednesday, September 30, 2026.

Leadership Changes

Parth Rajeshbhai Rupareliya was appointed Managing Director and Chairperson effective September 4, 2026. He succeeds Srivatsava Sunkara, who resigned due to personal commitments. Krunal Shaileshbhai Hapliya was added as an independent director.

Executive Director Kiran Kumar Inampudi resigned on September 3, 2026, citing professional reasons. The board stated there were no other material reasons for his departure.

Vishnu Deepakbhai Rupareliya was appointed as an Additional Director with effect from August 4, 2026. His regularization as an Executive (Non-Independent) Director is on the AGM agenda.

Auditor Appointments

Shareholders will consider the appointment of M/s Bilimoria Mehta & Co., Chartered Accountant (FRN: 101490W), as Statutory Auditors for a period of five years, commencing from the conclusion of the AGM until the conclusion of the sixth consecutive AGM (Financial Year 2027 to 2031).

The company also seeks approval for the appointment of M/s Pooja M Patel & Associates, Practicing Company Secretary (Firm Registration No. A60023), as Secretarial Auditors for a term of five consecutive financial years from 2026-27 to 2030-31. This replaces an earlier proposal to appoint them only for FY2026-27 to fill a casual vacancy following the resignation of the previous secretarial auditor.

Financial Performance

For the financial year ended March 31, 2026, the company reported revenue from operations of ₹1,320.44 lakh, up from ₹601.34 lakh in the previous year. Profit before tax stood at ₹742.29 lakh compared to a loss before tax of ₹(2,236.83) lakh in FY25. Profit after tax was ₹575.80 lakh against a loss after tax of ₹(2,236.83) lakh in the previous year.

AGM and Voting Details

The AGM will be held at Lemon Tree Premier in Malad West, Mumbai, at 2:00 pm. The cut-off date for voting entitlement is September 23, 2026.

E-voting commences on Sunday, September 27, 2026, at 9:00 am and ends on Tuesday, September 29, 2026, at 5:00 pm. M/s Pooja M Patel & Associates serves as the scrutinizer.

Shareholders holding shares as of September 23, 2026, are eligible to vote.

Aqylon Nexus Limited reported a net profit of ₹425.57 lakhs for the quarter ended June 30, 2026, marking a significant turnaround from the net loss of ₹183.57 lakhs recorded in the corresponding period of FY25. The Board of Directors approved the unaudited financial results on August 7, 2026, following a review by the Audit Committee and statutory auditors Bilimoria Mehta & Co. This result signals improved operational efficiency and cost management in the initial quarter of FY26.

Revenue from operations rose sharply to ₹846.50 lakhs in Q1FY26, up from ₹3.47 lakhs in Q1FY25. Total income stood at ₹851.56 lakhs, including other income of ₹5.06 lakhs. The company’s total expenses were ₹426.00 lakhs, comprising operational costs of ₹333.11 lakhs, finance costs of ₹43.01 lakhs, and employee benefit expenses of ₹2.23 lakhs. Depreciation and amortisation expenses amounted to ₹27.81 lakhs.

Financial Performance Overview

The profit before tax was ₹425.57 lakhs, with no tax expenses incurred during the quarter. Basic and diluted earnings per share (EPS) were ₹0.17, compared to a loss per share of ₹0.72 in Q1FY25. The company operates primarily in one business segment as per Ind AS 108, so no separate segment information is provided.

What the Numbers Show

The most notable aspect of Aqylon Nexus’s Q1FY26 performance is the dramatic shift from a loss-making position to profitability, driven entirely by operational revenue growth. While revenue increased substantially to ₹846.50 lakhs from a negligible ₹3.47 lakhs a year ago, expenses also rose but remained well below income levels. Finance costs decreased significantly from ₹145.42 lakhs in Q1FY25 to ₹43.01 lakhs in Q1FY26, contributing positively to the bottom line. This reduction in finance costs, alongside higher operational income, underscores improved financial health and effective cost control measures implemented by management.

The previous quarter ended March 31, 2026, saw an audited net loss of ₹799.31 lakhs, largely influenced by exceptional items including a write-off of ₹581.59 lakhs related to non-recoverable deposits against extinguished income tax demands under the NCLT-approved Resolution Plan. However, Q1FY26 excludes such exceptional items, reflecting core operational performance. The company continues to navigate its post-resolution plan phase, with ongoing focus on stabilizing operations and enhancing profitability.