Cerebra Integrated Technologies has scheduled its 32nd Annual General Meeting for Tuesday, September 29, 2026. The meeting will be conducted through Video Conference or Other Audio-Visual Means (VC/OAVM) at 4:00 pm.

The company issued the notice on Monday, September 7, 2026, pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Annual Report for FY26 and the meeting notice are available electronically to eligible shareholders and on the company website.

Voting Schedule

Remote e-voting will commence on September 25, 2026, at 9:00 am and conclude on September 28, 2026, at 5:00 pm. Shareholders must ensure they are registered to participate in the digital voting process during this window.

Corporate Governance

Ranganathan Venkatraman, Chairman and Managing Director, signed the disclosure. The company confirmed compliance with listing regulations by submitting the notice to both the BSE Limited and the National Stock Exchange of India Limited.

Cerebra Integrated Technologies Limited reported a standalone net loss of ₹645.61 lakh for the quarter ended June 30, 2026, compared to a loss of ₹1,410.13 lakh in the corresponding period of FY25. The e-waste recycling and refurbishment firm saw its revenue from operations collapse by 82% year-on-year to just ₹32.26 lakh, down from ₹179.05 lakh in Q1FY25.

The Board of Directors approved the unaudited financial results on August 13, 2026. In a critical development during the quarter, the company filed an application before the National Company Law Tribunal (NCLT), Bengaluru Bench, on June 15, 2026, under Section 10 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP). The application remains pending as of June 30, 2026.

Financial Performance

The decline in revenue was accompanied by a reduction in operating expenses, primarily due to workforce cuts and the cessation of key operations such as refurbishment activities. Employee benefits expense fell to ₹18.12 lakh from ₹36.30 lakh in Q1FY25. However, finance costs remained elevated at ₹197.69 lakh, up from ₹163.41 lakh in the prior year quarter.

Total expenses stood at ₹818.56 lakh, driven largely by other expenses of ₹570.95 lakh and finance costs. The loss before tax was ₹786.04 lakh, mitigated slightly by deferred tax benefits of ₹140.43 lakh.

Auditor Disclaimer and Balance Sheet Concerns

Independent auditors YCRJ & Associates issued a disclaimer of conclusion on both the standalone and consolidated financial results. The auditors cited material uncertainties regarding the company’s ability to continue as a going concern, noting significant operating losses, workforce reductions, and challenges in meeting current liabilities and income tax dues.

Key areas of concern highlighted by the auditors include:

• Trade Receivables: As of June 30, 2026, trade receivables amounted to ₹142.60 crore, with ₹142.46 crore outstanding for more than one year. The auditors noted that the company has not assessed the loss allowance for Expected Credit Loss (ECL) as per applicable accounting frameworks.
• Overseas Dues: The company has outstanding dues of ₹100.28 crore from an overseas party related to the sale of its erstwhile subsidiary, Cerebra Middle East FZCO Dubai. These amounts are overdue by more than two years and have not been restated for foreign exchange rate changes or provided for bad debts.
• Subsidiary Receivables: Loans and advances of ₹5.98 crore are receivable from a subsidiary whose net worth has been completely eroded. The subsidiary’s auditors have also expressed concerns about its going concern status.
• Capital Advances: Capital advances and other advances totaling ₹20.30 crore are outstanding for more than one year without provisions for doubtful portions.

What the Numbers Show

The narrowing net loss in Q1FY27 is not driven by operational improvement but rather by a drastic contraction in business activity. With revenue falling 82% and employee benefits halved, the company is effectively shutting down core operations while carrying heavy fixed costs like finance charges. The auditor’s disclaimer underscores severe liquidity and recoverability risks, particularly with over ₹240 crore in combined trade receivables and overseas dues that lack adequate provisioning or confirmation.

Corporate Actions

The company announced that its 32nd Annual General Meeting will be held on September 29, 2026, through Video Conferencing/Other Audio-Visual Means. The notice and annual report for FY25 will be dispatched to shareholders via email shortly.