Austere Systems Limited reported a 76.3% increase in net profit for the financial year ended March 31, 2026, reaching ₹503.94 lakh, compared to ₹285.86 lakh in the previous year. Revenue from operations rose 19.7% to ₹2,228.87 lakh from ₹1,862.05 lakh in FY25, driven by growth in the company's Information Technology services segment. The board approved the audited standalone financial results on May 26, 2026, following a recommendation by the Audit Committee.

The company’s total income for FY26 stood at ₹2,335.07 lakh, up from ₹1,886.17 lakh in the prior year. Earnings per share (EPS) increased to ₹5.47 from ₹3.81 in the previous year. For the half year ended March 31, 2026, the company recorded a profit of ₹286.84 lakh, with revenue of ₹1,194.87 lakh. The statutory auditors, Mukesh A Mittal & Co., issued an unmodified opinion on the financial results.

Financial Performance

The company’s expenses for the full year totaled ₹1,653.69 lakh, an increase from ₹1,498.43 lakh in FY25. Employee benefits expense rose to ₹682.56 lakh from ₹539.79 lakh, while other expenses increased to ₹917.73 lakh from ₹744.44 lakh. Finance costs decreased significantly to ₹2.92 lakh from ₹12.26 lakh in the previous year. The balance sheet reflects a strengthening of the financial position, with total assets growing to ₹3,955.04 lakh as of March 31, 2026, from ₹1,955.64 lakh a year earlier.

Regulatory and Legal Matters

The auditors drew attention to a penalty of ₹44.26 lakh imposed by the Competition Commission of India (CCI) regarding alleged contraventions of the Competition Act, 2002. An appeal filed by the company before the National Company Law Appellate Tribunal (NCLAT) was dismissed on September 25, 2025. The company has since filed an appeal before the Supreme Court of India. Based on legal advice and management assessment, the company expects a favourable outcome and has not made any provision for the penalty in the financial statements.

Fund Utilisation

Austere Systems, which listed on the BSE SME Platform on September 12, 2025, raised ₹15.56 crore through an initial public offering. The company confirmed that there has been no deviation or variation in the utilization of the proceeds. As of March 31, 2026, ₹174.04 lakh had been utilized, primarily for issue-related expenses and general corporate purposes, while the balance of ₹1,382.46 lakh was deposited in fixed deposit accounts. The company also declared an interim dividend of ₹0.20 per share on February 11, 2026.

Austere Systems Limited (formerly known as Austere Systems Private Limited) has notified BSE Limited of a forthcoming Board of Directors meeting, in compliance with applicable securities regulations. The intimation, dated May 16, 2026, was filed pursuant to Regulation 29 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Details

The meeting of the Board of Directors is scheduled to be held on Tuesday, May 26, 2026, at 03:00 P.M. The primary agenda item is to consider and approve the standalone audited financial results of the company for the half year and financial year ended March 31, 2026.

The key details of the scheduled board meeting are summarised below:

Company Information

Austere Systems Limited is registered with the following details:

• Registered Office: Office 301-303, A Square, Plot No. 34, ADC Sector 26 Pradhikaran, Pune, Maharashtra – 411044
• Corporate Office: Unit Nos. 112, 113 and 114, First Floor, Vipul Plaza, Golf Course Road, Sector 54, Gurgaon, Haryana – 122002
• CIN: U74900PN2015PTC155381
• Website: www.austeresystems.com

The intimation was submitted to BSE Limited at its registered address at 20th Floor, P. J. Towers, Dalal Street, Mumbai – 400 001, and was digitally signed by Piyush Gupta on May 16, 2026.