Decipher Labs has announced that its register of members and share transfer books will remain closed from September 24, 2026, to September 30, 2026. This book closure is in connection with its 40th Annual General Meeting (AGM) scheduled for September 30, 2026.

The cut-off date for e-voting for the AGM is fixed as September 23, 2026. The meeting will be held via video conference or other audio-visual means at 11:00 am on the date of the AGM.

Annual Report and Financials

The company previously dispatched its 40th Annual Report for FY26 to shareholders on September 8, 2026. The report confirms the company's consolidated financial performance for the year ended March 31, 2026. Decipher Labs reported a consolidated net loss of ₹308.43 lakh, an improvement from the ₹508.02 lakh loss in FY25. Consolidated revenue from operations declined 37.8% year-on-year to ₹1,405.40 lakh.

Financial Performance

The standalone entity also saw its losses narrow. The standalone net loss decreased to ₹24.68 lakh in FY26 from ₹44.02 lakh in the previous year. Standalone revenue rose 33.1% to ₹113.54 lakh.

The decline in consolidated revenue was primarily due to the consultancy segment, which dropped from ₹2,192.65 lakh in FY25 to ₹1,337.90 lakh in FY26. In contrast, pharmaceutical sales remained relatively stable at ₹67.50 lakh.

Strategic Developments

The Board is considering the divestment of its wholly-owned US subsidiary, Decipher Software Solutions LLC, and its step-down subsidiary in Bahrain. This move aims to streamline operations and focus resources on core businesses amid continued losses in overseas operations.

Additionally, the company has filed an appeal with the Securities Appellate Tribunal (SAT) against a July 2025 order by SEBI. The regulator had imposed penalties and debarred the company and two directors from accessing the securities market for alleged insider trading violations. The SAT has granted a stay on the debarment while the appeal is pending.

AGM Agenda

Shareholders will vote on the re-appointment of Sushant Mohan Lal as a director and the appointment of M/s. Ramanatham & Rao as statutory auditors for five years. A special resolution seeks to appoint Mr. Bhupendralal Waghray as an Independent Director. The meeting will also address material related-party transactions with Saya Healthcare Private Limited.

What the Numbers Show

While the absolute consolidated loss narrowed significantly, the revenue contraction was even sharper. Consultancy services, which contributed over 95% of the previous year's consolidated revenue, saw a 39% drop. This divergence suggests that cost-cutting measures or reduced discretionary spending outpaced the decline in top-line revenue, helping to mitigate the bottom-line impact despite a challenging operating environment.

Decipher Labs Limited reported a net loss of ₹24.68 crore for the financial year ended March 31, 2026, narrowing from a net loss of ₹44.02 crore in the previous year. Revenue from operations for FY26 stood at ₹113.54 crore, an increase from ₹85.32 crore in FY25. The board of directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at a meeting held on May 30, 2026.

The statutory auditors, M/s. Ramanathan & Rao, issued an audit report with an unmodified opinion on the standalone and consolidated financial results. The company’s operations span two segments: Manufacturing and Trading of Pharmaceutical drugs and Consultancy Services. For the quarter ended March 31, 2026, the company reported a net loss of ₹17.31 crore, with revenue from operations at ₹6.69 crore.

Standalone Financial Performance

The standalone financial results for FY26 reflect a reduction in net loss despite higher expenses. Total income for the year rose to ₹113.67 crore from ₹87.60 crore in the previous year. Employee benefits expense decreased to ₹17.53 crore from ₹23.43 crore, while other expenses increased to ₹54.08 crore from ₹39.14 crore.

Consolidated Results

On a consolidated basis, the company reported a net loss of ₹308.43 crore for FY26, compared to a net loss of ₹508.02 crore in the previous year. Total revenue from operations for the year was ₹1,405.40 crore. The results include the financial performance of subsidiaries Decipher Software Solutions LLC, USA, and Decipher Soft Middle East W.L.L Bahrain.

The meeting was held pursuant to Regulation 29 read with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dalavath Amarsingh, Whole Time Director, filed the outcome of the board meeting with the exchange.