Axentra FY26 profit rises to ₹104.11 lakh on preferential allotment

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Reviewed by
Anirudha BScanX News Team
Key Highlights

Axentra Corp Limited reported a net profit of ₹104.11 lakh for the financial year ended March 31, 2026, a significant increase from ₹3.50 lakh in the previous year. Revenue from operations surged to ₹1,033.62 lakh, driven by a preferential allotment of equity shares. The Board approved the audited results on May 27, 2026, and the company published the results in newspapers on May 29, 2026.

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Axentra Corp Limited reported a net profit of ₹104.11 lakh for the financial year ended March 31, 2026, a substantial increase from ₹3.50 lakh in the previous year. The company's revenue from operations surged to ₹1,033.62 lakh in FY26, compared to ₹30.00 lakh in FY25, driven primarily by a preferential allotment of equity shares during the quarter ended March 31, 2026. The Board of Directors approved the audited standalone financial results at its meeting held on May 27, 2026. The company published the results in newspapers Trinity Mirror and Makkal Kural on May 29, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board noted the cessation of Senthil Kumar Bellan from the position of Additional Director in the capacity of Managing Director, effective from the close of business hours on May 27, 2026, due to the expiry of his term and non-regularization within the prescribed time period. However, he continues to serve as the Chief Financial Officer of the company. The trading window, which was closed since April 01, 2026, will reopen 48 hours after the declaration of the financial results.

Financial Performance

The company's total revenue for FY26 stood at ₹1,075.07 lakh, up from ₹30.23 lakh in the previous year. For the quarter ended March 31, 2026, Axentra recorded a net profit of ₹127.13 lakh on a total revenue of ₹1,056.50 lakh. The profit before tax for the year was ₹112.24 lakh, compared to ₹3.50 lakh in FY25. The earnings per share (EPS) for the year improved to ₹0.57 from ₹1.17 in the previous year.

Capital Structure and Allotment

During the quarter ended March 31, 2026, the company allotted 1,00,00,000 equity shares of face value ₹10 each at an issue price of ₹20 per share (including a premium of ₹10 per share) on a preferential basis to Non-Promoter/Public Category Investors. This allotment was approved by shareholders via an Extraordinary General Meeting held on January 3, 2026. Consequently, the paid-up equity share capital increased from ₹9,70,00,000 to ₹19,70,00,000.

Auditor's Report

M Sahu & Co., Chartered Accountants, the Statutory Auditors, issued an audit report with an unmodified opinion on the standalone audited financial results for the quarter and year ended March 31, 2026. The auditors confirmed that the results give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards.

Financial Metric (₹ in Lakhs) FY26 (Audited) FY25 (Audited)
Revenue from operations 1,033.62 30.00
Total Revenue 1,075.07 30.23
Total Expenses 962.83 26.73
Profit Before Tax 112.24 3.50
Net Profit 104.11 3.50
Earnings Per Share (Basic) 0.57 1.17

How does Axentra plan to utilize the ₹20 crore raised via preferential allotment to sustain this revenue growth in FY27?

Who will be appointed to fill the vacancy of Managing Director following Senthil Kumar Bellan's cessation, and how will this impact strategic direction?

Will the company maintain its current operational momentum, or is the FY26 performance largely a one-off effect of the capital infusion?

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Axentra acquires 51% stake in Fore Solutions for ₹38.01 crore

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Reviewed by
Riya DScanX News Team
Key Highlights

Axentra Corp Limited's Board approved the acquisition of a 51% equity stake in Fore Solutions Private Limited for ₹38,00,52,000. The transaction involves purchasing 10,25,100 equity shares from Mr. Manu Mehta and Ms. Arti Mehta through a Share Purchase Agreement, subject to regulatory approvals. Fore Solutions, a technology services provider, reported a turnover of ₹127.10 crore for FY26, with the acquisition expected to close by June 15, 2026.

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Axentra Corp Limited has approved the acquisition of a 51% equity stake in Fore Solutions Private Limited for ₹38,00,52,000 to expand its business operations and achieve strategic goals. The Board of Directors approved the purchase of 10,25,100 equity shares from selling shareholders Mr. Manu Mehta and Ms. Arti Mehta through a Share Purchase Agreement (SPA). The acquisition is subject to applicable statutory and regulatory approvals and is expected to be completed by June 15, 2026.

The transaction involves a cash consideration for shares of INR 10 each. Fore Solutions Private Limited, incorporated on July 5, 2001, operates in the technology services sector, providing IT-enabled services, digital transformation solutions, and AI-driven services. The target entity reported a turnover of ₹127.10 crore for the year ended March 31, 2026, based on unaudited accounts.

Axentra's Board has authorized Mr. Vinoth Kumar Mohanadas and Mr. Yasiru Lelwala to finalize and execute the SPA and other necessary documents. The company stated that the acquisition is not a related party transaction and does not involve any interest from the promoter or group companies. The acquirer will be entitled to appoint nominee directors to the board of Fore Solutions as part of the agreement.

The turnover of Fore Solutions has grown over the past three years, rising from ₹58.78 crore in 2023-2024 to ₹122.29 crore in 2024-2025. The acquisition aligns with Axentra's strategy to enter new business segments and leverage the target entity's capabilities in the technology and AI space.

Financial Details of Fore Solutions

Period Turnover
2025-2026 ₹127.10 Crores (tentative)
2024-2025 ₹122.29 Crores
2023-2024 ₹58.78 Crores

Transaction Overview

Particulars Details
Target Company Fore Solutions Private Limited
Stake Acquired 51%
Shares Acquired 10,25,100 equity shares
Cost of Acquisition ₹38,00,52,000
Consideration Type Cash
Indicative Completion Date June 15, 2026

How does Axentra plan to finance the ₹38 crore cash consideration, and will this impact its capital allocation or liquidity?

What specific synergies does Axentra expect to achieve by integrating Fore Solutions' AI-driven capabilities into its existing portfolio?

How will the management structure of Fore Solutions change following the appointment of Axentra's nominee directors?

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