Cura Technologies reported a net loss of ₹27.78 lakh for the quarter ended June 30, 2026, driven by a sharp 66% decline in revenue from operations to ₹4.82 lakh. Despite the revenue drop, the loss narrowed significantly compared to the previous year’s ₹0.93 lakh loss, aided by a substantial reduction in total expenses to ₹32.60 lakh from ₹15.01 lakh in Q1FY25. The company’s Board of Directors also approved the resignation of Whole-time Director and CFO Sangareddypeta Saikiran and appointed Gundam Vijaya Sarathi Reddy as the new CFO effective July 30, 2026.

The unaudited financial results were reviewed by statutory auditors Pundarikashyam and Associates under Standard on Review Engagements (SRE) 2410 and approved by the Board at a meeting held on July 30, 2026. The disclosure was made in compliance with Regulation 30 and Regulation 33 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.

Financial Performance

Revenue from operations fell to ₹4.82 lakh in Q1FY26, down from ₹14.06 lakh in Q1FY25. Total expenses decreased to ₹32.60 lakh from ₹193.28 lakh in Q4FY25, though they remained higher than the ₹15.01 lakh recorded in Q1FY25. Key expense components included finance costs of ₹3.95 lakh, depreciation and amortization of ₹10.62 lakh, and employee benefit expenses of ₹0.54 lakh. Cost of programming and AMC charges stood at ₹3.00 lakh.

The company operates in one reportable business segment, IT services, making segment reporting under IND AS 108 not applicable. The paid-up equity share capital remains at ₹990.00 lakh.

Leadership Changes

Sangareddypeta Saikiran resigned as Whole-time Director and CFO due to other professional commitments and personal reasons, effective July 30, 2026. He confirmed 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 revenue decline highlights a structural shift in the cost base. While revenue dropped by approximately 66% year-on-year, the comparison with Q4FY25 shows a drastic reduction in quarterly burn rate from ₹193.28 lakh in expenses to ₹32.60 lakh. This suggests a potential stabilization or downsizing of operations, although the specific drivers for the continued low revenue remain undisclosed. The emergence of finance costs of ₹3.95 lakh, compared to nil in Q1FY25, indicates ongoing debt servicing obligations.

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.