Axis Solutions Limited has incorporated AxisSol Arabia Company as a wholly owned subsidiary in Saudi Arabia to expand its operations in the oil and gas sector. The subsidiary was established with a share capital of 20000 SAR, comprising 200 equity shares with a nominal value of 100 SAR each. Axis Solutions holds 100% of the shareholding in the new entity.

AxisSol Arabia Company is incorporated to carry on the business of oil and gas field machinery, installation of industrial machinery in industrial plants, and installation of industrial process control equipment. The entity was incorporated on June 3, 2026, and is yet to commence its business operations. No turnover has been recorded as the subsidiary is new.

The incorporation of AxisSol Arabia Company is classified as a related party transaction since it is a wholly owned subsidiary of Axis Solutions Limited. However, the promoter, promoter group, or group companies do not have any interest in the entity other than the extent of the company's shareholding. The transaction was conducted at arm's length.

Subscription to shares or capital infusion, if any, will be made through cash or remittance. The company stated that any required governmental or regulatory approvals will be sought at the time of capital infusion. The indicative time period for the completion of the acquisition was not disclosed.

Key Details of AxisSol Arabia Company

The consideration for the acquisition involves a subscription to shares or capital, which will be settled in cash or remittance. The cost of acquisition is stated as 20000 SAR for the 200 shares. Axis Solutions Limited, formerly known as Asya Infosoft Limited, is an ISO 9001 company headquartered in Ahmedabad, Gujarat.

Axis Solutions Limited has reported its audited standalone and consolidated financial results for the year ended 31 March 2026, alongside quarterly performance data showing a strong year-on-year improvement in Q4. The board of directors, in its meeting held on 21 May 2026, approved the financial results along with the recommendation of a final dividend and several key managerial appointments.

Q4 Standalone Financial Highlights

On a quarterly basis, Axis Solutions delivered a notably stronger performance year-on-year. The company's Q4 EBITDA doubled to 280M rupees from 140M rupees in the same quarter of the previous year, with the EBITDA margin expanding significantly to 24% from 14.24%. Net profit for Q4 stood at 157M rupees, compared to 142M rupees in the corresponding prior-year period, while revenue improved to 1.16B rupees from 985M rupees.

Full-Year Financial Performance

Despite the strong quarterly showing, the company's full-year standalone net profit declined to ₹2906.08 lakh from ₹3500.48 lakh in the previous year. Total income from operations for the year stood at ₹23837.71 lakh, up from ₹20067.43 lakh in the prior year. On a consolidated basis, net profit for the year was ₹2884.10 lakh, with total income reaching ₹24110.13 lakh. The company's earnings per share (EPS) on a standalone basis for the year ended 31 March 2026 was ₹6.17, down from ₹7.84 in the previous year. The board noted that the auditors' report on the financial results carries an unmodified opinion.

Segment Performance

Axis Solutions operates across three primary business segments: Automation and Digitalisation, Water, and Industrial Engineering & Systems. The Industrial Engineering & Systems segment was the top contributor, generating revenue of ₹13874.71 lakh on a standalone basis for the year ended 31 March 2026. The Water segment followed with revenue of ₹7548.00 lakh, while the Automation and Digitalisation segment contributed ₹2415.00 lakh.

Dividend Recommendation

The board has recommended the payment of a final dividend of ₹0.60 per equity share of face value ₹10 each for the financial year 2025-26. This payout represents 6% of the face value and is subject to the approval of shareholders at the ensuing Annual General Meeting. The record date to determine eligibility for the dividend will be intimated separately.

Key Appointments

In a significant managerial change, the board appointed Mr. Ninad Vora as the Chief Financial Officer & Key Managerial Personnel with effect from 21 May 2026. Mr. Vora is a qualified Chartered Accountant with over 21 years of experience in corporate finance and global business operations. The board also approved the appointment of M/s Utkarsh Shah & Co. as the Secretarial Auditor for a second term of five consecutive years from FY 2026-27 to FY 2030-31, subject to shareholder approval. M/s Vipul Kothari & Co. was appointed as the Internal Auditor for FY 2026-27, and M/s G G & Associates was appointed as the Cost Auditor for the same period.