Crystal Business System FY26 Net Profit at ₹11.67 Lakh; Auditors Issue Qualified Opinion

1 min read     Updated on 17 May 2026, 11:45 AM
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Crystal Business System Limited reported audited FY26 financial results with net profit of ₹11.67 lakh on revenue of ₹868.32 lakh, both declining sharply from the prior year. Auditors BAS & CO. LLP issued a qualified opinion citing non-compliance with ESI, EPF, and Gratuity Acts, with management noting the financial impact is unascertained but material. The results were subsequently published as a newspaper advertisement under Regulation 33.

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Crystal Business System Limited has released its audited financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the results during a meeting held on May 15, 2026, at the company's registered office in New Delhi. The statutory auditors conducted a limited review of the financial results in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company subsequently published the audited financial results as a newspaper advertisement, confirming the figures under Regulation 33.

Financial Performance

For the financial year ended March 31, 2026, Crystal Business System reported a net profit of ₹11.67 lakh, a significant decrease from ₹90.55 lakh in the previous year. Revenue from operations for the year stood at ₹868.32 lakh, down from ₹1772.18 lakh in FY25. Total income for the year was ₹914.44 lakh. For the quarter ended March 31, 2026, the company reported a net profit of ₹318.57 lakh compared to a loss of ₹126.56 lakh in the corresponding quarter of the previous year.

Key Financial Metrics

The following table summarizes the key financial figures for the year ended March 31, 2026:

Parameter: FY26 (₹ in Lakhs) FY25 (₹ in Lakhs)
Revenue from Operations: 868.32 1772.18
Total Income: 914.44 1760.94
Total Expenses: 879.89 1625.02
Net Profit for the Period: 11.67 90.55
Earnings Per Share (Basic): 0.01 0.09

Audit Qualification

BAS & CO. LLP, Chartered Accountants, issued a qualified opinion on the standalone annual financial results. The qualification arises because the company has not complied with the provisions of the Employees' State Insurance Act, 1948, the Employees' Provident Funds and Miscellaneous Provisions Act, 1952, and the Payment of Gratuity Act, 1972. Consequently, the company has not recognized employee benefit obligations in accordance with Ind AS 19. The management stated that the financial impact is presently unascertained due to the absence of historical employee data but believes the effect is material and not pervasive.

Trading Window Update

In a separate intimation, the company informed the exchanges that the trading window for equity shares shall reopen on May 18, 2026. The intimation was signed by Bal Mukund Tiwari, Managing Director, on behalf of Crystal Business System Limited.

Historical Stock Returns for Crystal Business System

1 Day5 Days1 Month6 Months1 Year5 Years
+2.94%-9.48%+9.95%0.0%-22.51%+90.91%

Will Crystal Business System face regulatory penalties or enforcement action from ESIC and EPFO authorities for non-compliance, and what could be the estimated financial liability once historical employee data is reconstructed?

Given the ~51% revenue decline in FY26, what strategic measures is Crystal Business System's management planning to reverse the revenue contraction and restore profitability to FY25 levels?

How might the unresolved audit qualification regarding employee benefit obligations under Ind AS 19 impact the company's ability to raise capital or secure credit facilities in the near term?

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Crystal Business System Limited: Company Secretary and Compliance Officer Hobin Duggal Resigns Effective 08 May 2026

1 min read     Updated on 08 May 2026, 04:40 PM
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Crystal Business System Limited (formerly known as Sadhna Broadcast Limited) has announced the resignation of Mr. Hobin Duggal (ACS: 55624) from the post of Company Secretary and Compliance Officer, effective 08 May 2026. Mr. Duggal cited career advancement and professional development as his reasons for leaving. The company is currently in the process of identifying a suitable replacement and will notify the stock exchanges once the position is filled. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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Crystal Business System Limited (formerly known as Sadhna Broadcast Limited) has intimated the stock exchanges of the resignation of Mr. Hobin Duggal (ACS: 55624) from the post of Company Secretary and Compliance Officer of the company, with effect from 08 May 2026. The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Duggal cited career advancement and professional development as the reasons for his resignation.

Key Details of the Resignation

The following table summarises the key particulars of the change in the Company Secretary and Compliance Officer position, as disclosed under Regulation 30 read with Part A, Para A of Schedule III of the SEBI Listing Regulations, 2015:

Parameter: Details
Name: Mr. Hobin Duggal
Membership No.: ACS: 55624
Designation: Company Secretary & Compliance Officer
Reason for Change: Resignation — career advancement and professional development
Date of Cessation: 08 May 2026
Brief Profile: Not Applicable
Relationship with Directors: Not Applicable

Vacancy and Next Steps

Crystal Business System Limited has stated that it is actively in the process of identifying and hiring a suitable candidate for the position of Company Secretary and Compliance Officer. The company has committed to informing the stock exchanges once the vacancy is filled. The intimation was signed by Bal Mukund Tiwari, Managing Director (DIN: 02566683), from New Delhi, and was addressed to BSE Limited and Metropolitan Stock Exchange Limited.

Resignation Letter Highlights

In his resignation letter dated 08 May 2026, Mr. Hobin Duggal formally requested the Board of Directors to accept his resignation and relieve him from his duties effective 08 May 2026. He also requested the Board to submit the necessary forms and intimations with the concerned authorities to give effect to the resignation. Mr. Duggal expressed gratitude to the Board of Directors and his team for the support extended during his tenure as Company Secretary and Compliance Officer.

Historical Stock Returns for Crystal Business System

1 Day5 Days1 Month6 Months1 Year5 Years
+2.94%-9.48%+9.95%0.0%-22.51%+90.91%

How might the vacancy in the Company Secretary and Compliance Officer role impact Crystal Business System Limited's ability to meet upcoming regulatory filing deadlines with SEBI and stock exchanges?

Could the leadership transition at Crystal Business System Limited signal broader organizational changes following the company's rebranding from Sadhna Broadcast Limited?

What criteria is Crystal Business System Limited likely to prioritize when selecting a new Company Secretary, given the company's dual listing on BSE and Metropolitan Stock Exchange?

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1 Year Returns:-22.51%