Cura Technologies reported a narrowed net loss of ₹27.78 lakh for the quarter ended June 30, 2026, compared to a loss of ₹0.93 lakh in the same quarter of the previous fiscal year. This improvement coincided with a sharp decline in revenue from operations, which fell to ₹4.82 lakh from ₹14.06 lakh in Q1FY25. The company’s Board of Directors also approved leadership changes, accepting the resignation of Whole-time Director and Chief Financial Officer (CFO) Sangareddypeta Saikiran and appointing Gundam Vijaya Sarathi Reddy as the new CFO effective July 30, 2026.

The financial results were reviewed by statutory auditors Pundarikashyam and Associates and approved by the Board at a meeting held on July 30, 2026. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board also approved the Directors’ Report for FY25-26 and scheduled the 35th Annual General Meeting (AGM) for September 28, 2026, to be conducted via video conference or other audio-visual means.

Financial Performance

Revenue from operations dropped significantly to ₹4.82 lakh in Q1FY26, down from ₹14.06 lakh in Q1FY25. Despite lower revenue, total expenses decreased substantially to ₹32.60 lakh from ₹15.01 lakh in the prior year period. This reduction in expenses contributed to the narrower loss position.

The company incurred finance costs of ₹3.95 lakh in the current quarter, compared to nil in Q1FY25. Depreciation and amortization expenses stood at ₹10.62 lakh, up from ₹0.15 lakh in the same quarter last year. Employee benefit expenses were ₹0.54 lakh, a decrease from ₹3.15 lakh in Q1FY25.

Leadership Changes

Sangareddypeta Saikiran resigned from his positions as Whole-time Director and CFO due to other professional commitments and personal reasons. His resignation is effective July 30, 2026. He confirmed that there are no material reasons for his resignation other than those stated.

Gundam Vijaya Sarathi Reddy was appointed as the new CFO. Reddy, aged 49, holds a Bachelor’s degree in Commerce and brings over two decades of experience in accounts and finance from organizations in India and overseas. He has no shareholding in the company.

What the Numbers Show

The narrowing of the net loss despite a significant drop in revenue highlights a structural shift in the company’s cost base. While revenue declined by approximately 66% year-on-year, total expenses fell by roughly 54%. The reduction in employee benefit expenses and cost of programming charges suggests a potential downsizing or restructuring of operations, although the specific drivers for the revenue decline remain undisclosed in the filing.

Cura Technologies Limited has closed its trading window for designated persons effective July 1, 2026, until 48 hours after the declaration of its unaudited financial results for the quarter ended June 30, 2026. This measure is enforced to comply with the Company’s Code of Conduct for Prevention of Insider Trading adopted under the SEBI (Prohibition of Insider Trading) Regulations, 2015. The restriction applies to all designated persons, their immediate relatives, and connected persons covered under the code.

The Board of Directors will meet to consider and approve the unaudited financial results for the quarter ended June 30, 2026. The company stated that a separate intimation regarding the notice of this Board Meeting will be sent to the stock exchanges in due course. Until the results are declared, the specified individuals are prohibited from dealing in the securities of the company.

The trading window closure is a standard regulatory procedure implemented to prevent insider trading during the period when sensitive financial information is unpublished. The company has informed all designated persons to strictly adhere to the prohibition on trading during this window.