Datiware Maritime Infra has scheduled its 34th Annual General Meeting for Thursday, September 24, 2026. The meeting will be conducted through Video Conferencing or Other Audio Visual Means.

The company has enabled remote e-voting for shareholders to exercise their rights before the meeting. Purva Sharegistry (India) Private Limited serves as the e-voting service provider.

E-voting Schedule

Shareholders must hold shares as of the cut-off date to participate. The voting window opens three days prior to the AGM.

Members who vote remotely may still attend the virtual meeting but cannot vote again. New members who acquired shares after the notice was sent but hold shares as of the cut-off date can obtain login credentials by emailing evoting@purvashare.com .

Financial Results for FY26

Datiware Maritime Infra reported a net loss of ₹45.60 lakh for the financial year ended March 31, 2026, compared to a loss of ₹45.58 lakh in FY25. Revenue from operations increased marginally to ₹40.12 lakh from ₹39.00 lakh in the previous year.

The total income for the year stood at ₹40.33 lakh, down from ₹43.73 lakh in FY25, primarily due to a reduction in other income from ₹4.73 lakh to ₹0.21 lakh. The company incurred finance costs of ₹51.28 lakh and depreciation/amortization of ₹15.27 lakh.

Board Changes and Governance

The AGM agenda includes the re-appointment of Mrs. Jayashree Patil as a director and the appointment of Mr. Nachiket Patil as a Non-Executive Director – Promoter. Mr. Patil was appointed as an Additional Director on August 15, 2026, following the demise of Late Mr. Ashok Patil on May 24, 2026.

Mrs. Sayali Patil has been appointed as Chief Financial Officer effective August 15, 2026, succeeding Mr. Nachiket Patil who resigned from the CFO role on the same date. The company also disclosed that it has not declared any dividend for the year due to losses.

Datiware Maritime Infra Limited reported a narrowed standalone net loss of ₹4.66 lakh for the quarter ended June 30, 2026 (Q1FY26), compared to a loss of ₹18.96 lakh in the same period last fiscal year. The improvement was primarily driven by a sharp reduction in finance costs, which fell to nil from ₹13.16 lakh in Q1FY25, alongside stable operational revenue.

Revenue from operations remained flat at ₹9.75 lakh compared to the preceding quarter but expanded significantly from ₹3.25 lakh in Q1FY25. The company’s total expenses declined to ₹14.41 lakh from ₹22.21 lakh year-on-year, reflecting lower interest outflows and controlled operating expenses despite higher depreciation charges.

Segment Performance

The company operates through two segments: Fishery and Shipyard. Revenue was entirely derived from the Shipyard segment, while the Fishery segment reported no revenue.

The Shipyard segment generated a pre-tax profit of ₹9.07 lakh, up from ₹2.57 lakh in Q1FY25. However, this operational gain was offset by unallocable expenses of ₹12.94 lakh, leading to the overall net loss. The Fishery segment incurred a loss of ₹0.79 lakh, marginally better than the ₹2.26 lakh loss recorded in the prior year period.

Leadership Changes

The Board of Directors, meeting on August 15, 2026, accepted the resignation of Mr. Nachiket Patil as Chief Financial Officer (CFO). He has been appointed as an Additional Non-Executive Director in the Promoter category, effective August 15, 2026. This transition follows the demise of Late Mr. Ashok Patil, a Non-Executive Director and Promoter, on May 24, 2026.

Ms. Sayali Patil, wife of Mr. Nachiket Patil, has been appointed as the new CFO and Key Managerial Personnel. She brings over 16 years of experience in finance and administration, having previously worked with Air Control India Pvt. Ltd.

What the Numbers Show

The financial results highlight a structural shift in cost dynamics rather than top-line growth. While revenue remained stagnant at ₹9.75 lakh quarter-on-quarter, the elimination of finance costs (down from ₹12.49 lakh in the previous quarter to nil) was the primary driver behind the reduced net loss. This suggests a potential reduction in debt obligations or favorable interest rate adjustments, although the source does not explicitly detail the cause of the zero finance cost. The persistent unallocable expenses of ₹12.94 lakh continue to outweigh the operating profits from the core shipbuilding business, indicating that overhead management remains a critical challenge for profitability.