Datiware Maritime Infra Limited reported a net loss of ₹45.60 lakh for the financial year ended March 31, 2026, as revenue from operations rose marginally to ₹40.12 lakh from ₹39.00 lakh in the previous year. The company's total expenditure for FY26 stood at ₹85.93 lakh, compared to ₹89.31 lakh in FY25. The board approved the audited standalone financial results on May 29, 2026, after adjourning the original meeting scheduled for May 28, 2026, due to the unavailability of key personnel following the demise of Mr. Ashok Patil, Chairman and Director.

Financial Performance

For the quarter ended March 31, 2026, the net loss was ₹12.68 lakh, with revenue from operations at ₹9.75 lakh. The basic and diluted earnings per share (EPS) for the year remained at -0.91. The company's total assets as of March 31, 2026, stood at ₹675.56 lakh, while total liabilities were ₹956.82 lakh, resulting in a negative net worth of ₹281.26 lakh.

Audit Qualifications

The statutory auditors, Palsule and Associates, issued a qualified opinion in their report. The qualification arises because the company used accounting software with an audit trail (edit log) feature that was not enabled and operated throughout the financial year for all relevant transactions. The auditors stated they could not comment further on this matter. The management noted that the turnover is meagre and the qualification has no financial impact, hence it was not quantified.

Segment Results

The company operates in two segments: Aquaculture (Fishery) and Shipyard. The Shipyard segment contributed the majority of the revenue, reporting ₹40.12 lakh for the year, while the Fishery segment reported nil revenue. The company submitted the results to BSE Limited pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Datiware Maritime Infra Limited has received exemption from submitting the Annual Secretarial Compliance Report for the financial year ending March 31, 2026. The company communicated this development to BSE Limited on April 15, 2026, citing regulatory provisions that exempt smaller companies from certain compliance requirements.

Regulatory Exemption Details

The exemption is granted under Regulation 15(2) of SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015. According to the company's communication, Datiware Maritime Infra Limited qualifies for this exemption as its paid-up equity share capital stands at Rs. 5,00,00,000 (Rs. 5 crores), which does not exceed the prescribed threshold of Rs. 10 crores. Additionally, the company's net worth does not exceed Rs. 25 crores as of March 31, 2025.

Financial Position Overview

A certificate issued by practicing company secretary Shrenik Nagaonkar provides detailed financial information for the company over the last three consecutive years. The certificate, dated July 16, 2025, presents the following financial position:

The data reveals that while the company has maintained a consistent paid-up capital of Rs. 500.00 lakhs across all three years, it has been operating with negative net worth throughout this period.

Compliance Framework

The exemption is based on SEBI (Listing Obligations and Disclosure Requirement) (Amendment) Regulations, 2018, specifically the Annual Secretarial Compliance Report requirements under Regulation 24A. The regulatory framework also references SEBI Circular No. LIST/COMP/10/2019-20 dated February 8, 2019, and BSE circulars dated May 9, 2019, and May 14, 2019.

Company Background

Datiware Maritime Infra Limited, formerly known as Ruia Aquaculture Farms Limited, operates with its registered office located at 1st Floor Adams Court, Baner Road, Pune - 411045. The company holds CIN L05000PN1992PLC177590 and maintains its corporate website at www.datiware.com . Company Secretary Piyush Kale signed the official communication to BSE Limited regarding the exemption status.