Basilic Fly Studio Limited promoter Balakrishnan has confirmed that he and Persons Acting in Concert (PAC) have not encumbered any shares of the company for the year ended March 31, 2026. The declaration, submitted to the National Stock Exchange of India Ltd., verifies that no shares have been pledged either directly or indirectly, except as previously disclosed to the exchanges.

Balakrishnan, who serves as Promoter cum Managing Director, provided the confirmation under Regulation 31(4) and 31(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing ensures compliance with disclosure requirements regarding the holding status of the promoter group.

The disclosure further detailed the shareholding status of specific members within the promoter group. Balakrishnan confirmed that these individuals do not hold any shares in the company, and consequently, no encumbrance exists regarding their holdings.

The submission requested that the exchange take this declaration on record. This regulatory filing provides transparency to shareholders regarding the financial standing of the company's promoters.

Basilic Fly Studio Limited reported a 34.1% increase in consolidated revenue from operations to ₹4,078 million for the financial year ended March 31, 2026, compared to ₹3,041 million in the previous year. Consolidated profit after tax for the year rose 13.2% to ₹506 million from ₹447 million in FY25. The company’s operational EBITDA grew 19.2% to ₹852 million, with margins at 20.89%. The Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at its meeting held on May 29, 2026. In continuation to this intimation and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company conducted an earnings conference call on June 02, 2026, to discuss the audited financial results. The audio recording of the earnings conference call is available on the website of the company at https://basilicflystudio.com/wp-content/uploads/2026/01/Concall-Basilic-Fly-Studio-Limited-02062026.mp3 .

On a standalone basis, revenue from operations increased 63.8% to ₹1,204 million, while profit after tax rose 84.8% to ₹316 million. The financial statements represent the company's first-time adoption of Indian Accounting Standards (Ind AS). On transition to Ind AS, the company's profit after tax for the year ended March 31, 2026, under previous GAAP was ₹319 million, which stands reconciled to ₹316 million under Ind AS. The statutory auditors, L U Krishnan & Co, issued an unmodified opinion on the standalone and consolidated financial results.

Financial Performance

For the quarter ended March 31, 2026, consolidated revenue from operations stood at ₹1,134 million, a decrease of 15.1% year-on-year, while profit for the period was ₹154 million. Standalone revenue for the quarter was ₹266 million, with a profit of ₹31 million. Basic earnings per share for the consolidated entity were ₹20.78 for FY26, compared to ₹19.20 in the previous year.

Operational Highlights

The company delivered 410 projects for 108 global clients across FY26, executing 624 movies and series. It reported a current active bid pipeline of £35M heading into the next fiscal year, with approximately 55% of the pipeline at an advanced stage of conversion. Geographically, Europe contributed 60% of the revenue, followed by North America at 21%, Others at 17%, and Australia & New Zealand at 2%.

Fund Utilisation

The company has partly utilised proceeds from its Initial Public Offer (IPO) and Qualified Institutions Placement (QIP). Out of the net IPO proceeds of ₹605.28 million, ₹368.40 million has been utilised, leaving ₹236.88 million unutilised as of March 31, 2026. Regarding the QIP, net proceeds of ₹804.80 million were raised, of which ₹411.28 million has been utilised, with ₹393.52 million remaining unutilised.

Strategic Outlook

Management stated that the order book for FY27 stands at ₹232 crore, with an active bidding pipeline of approximately ₹456 crore. The company has onboarded 14 senior leadership hires in FY26, including Adrian De Wet and Abhishek Nair, to drive business development and technology initiatives. The total cost for these hires is expected to range between £1.2 million and £1.5 million annually. The company is investing in proprietary AI-enabled workflows and Universal Scene Description (USD) pipeline technology to improve scalability and margins. Additionally, the company is evaluating 7 to 8 potential acquisition targets, with 2 to 3 in advanced stages, targeting entities with a top line of ₹200 crore to ₹300 crore.