Diensten Tech approves issuance of warrants via postal ballot

1 min read     Updated on 02 Jun 2026, 05:18 PM
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Jubin VScanX News Team
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Diensten Tech Limited announced the successful completion of a postal ballot to approve the issuance of up to 3,98,800 Fully Convertible Warrants on a preferential basis. The special resolution was passed with 99.88% of votes in favour, while 0.12% voted against it. The voting process, managed by KFin Technologies Limited, saw participation primarily from the Promoter Group and Public Non-Institutions.

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Diensten Tech Limited has received shareholder approval for the issuance of up to 3,98,800 Fully Convertible Warrants to persons and entities belonging to the Promoter & Promoter Group and Public category. The special resolution was passed via a postal ballot process, with the results declared on June 01, 2026. This approval allows the company to raise capital through the preferential allotment of warrants.

The remote e-voting process was conducted by KFin Technologies Limited (KFintech) between April 30, 2026, and May 29, 2026. A total of 465 shareholders were eligible to vote as on the record date of April 24, 2026. The Scrutinizer's Report, submitted by Karm Sawhney of Karm Sawhney & Associates, confirmed the fairness and transparency of the voting process.

The resolution secured the requisite majority required for a special resolution. A total of 6,241,040 votes were cast in favour of the resolution, representing 99.88% of the total valid votes polled. In contrast, 7,200 votes were cast against the resolution, accounting for 0.12% of the total votes.

Voting Breakdown

The voting participation varied across shareholder categories. Promoters and the Promoter Group cast 5,846,270 votes in favour via e-voting, representing 100% of the votes polled by this category. Public Non-Institutions cast 394,770 votes in favour and 7,200 votes against. Public Institutions did not participate in the voting process.

Category Votes For Votes Against % For % Against
Promoter and Promoter Group 5,846,270 0 100.00 0.00
Public- Institutions 0 0 0.00 0.00
Public- Non Institutions 394,770 7,200 98.21 1.79
Total 6,241,040 7,200 99.88 0.12

The postal ballot notice was dated April 28, 2026, and was sent electronically to members whose email addresses were registered with the company or depositories. The results and the scrutinizer's report have been made available on the company's website.

Historical Stock Returns for Diensten Tech

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%0.0%+3.13%-15.03%-18.75%-48.41%

What is the intended use of proceeds from the issuance of these Fully Convertible Warrants?

What is the conversion price and timeline for the warrants, and how might it impact existing shareholding structure?

How will the company utilize the raised capital to drive growth or reduce debt in the upcoming fiscal year?

Diensten Tech reports net loss of ₹27.71 crore for FY26

5 min read     Updated on 15 May 2026, 11:39 AM
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Suketu GScanX News Team
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Diensten Tech Limited reported a consolidated net loss of ₹27.71 crore for FY26 against a net loss of ₹21.21 crore in the previous year, while standalone results turned profitable with a net profit of ₹0.42 crore. Consolidated revenue from operations rose to ₹162.79 crore. The company also completed the acquisition of two subsidiaries during the fiscal year.

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Diensten Tech Limited announced its audited financial results for the year ended March 31, 2026, following a Board meeting held on May 14, 2026. The company reported a consolidated net loss of ₹27,705.73 thousand for the fiscal year, compared to a net loss of ₹21,207.96 thousand in the previous year. Revenue from operations for the consolidated entity stood at ₹16,27,890.63 thousand, while total income from operations was ₹16,43,016.42 thousand.

On a standalone basis, the company reported a net profit of ₹4,218.41 thousand for the year ended March 31, 2026, a significant turnaround from the net loss of ₹21,207.96 thousand recorded in the previous year. Revenue from operations increased to ₹13,93,674.66 thousand from ₹6,48,606.26 thousand in the prior year. The total income from operations for the standalone entity was ₹14,00,962.67 thousand.

Consolidated Financial Performance

The consolidated financial results include the performance of subsidiaries UshtaTe Consultancy Services LLP and Diensten Tech Inc. Total expenses for the year amounted to ₹16,17,628.95 thousand. The company reported exceptional items amounting to ₹7,407.27 thousand, primarily attributed to the statutory impact of new Labour Codes notified by the Government of India. The basic and diluted earnings per share (EPS) for the year were reported as a loss of ₹3.35 and ₹3.31, respectively.

Metric Amount (₹ Thousand)
Revenue from Operations 16,27,890.63
Total Income from Operations 16,43,016.42
Total Expenses 16,17,628.95
Profit before Tax 17,980.20
Net Profit / (Loss) (27,705.73)
Basic EPS (₹) (3.35)

Standalone Financial Performance

The standalone results reflect the company's operational performance excluding its subsidiaries. Total expenses for the year were ₹13,89,736.13 thousand. The profit before tax for the standalone entity was ₹5,935.22 thousand. The company’s paid-up equity share capital remained unchanged at ₹82,606.46 thousand during the year.

Metric Amount (₹ Thousand)
Revenue from Operations 13,93,674.66
Total Income from Operations 14,00,962.67
Total Expenses 13,89,736.13
Profit before Tax 5,935.22
Net Profit / (Loss) 4,218.41
Basic EPS (₹) 0.51

Corporate Developments

During the year, the company acquired 100% ownership interest in Ushta Te Consultancy Services LLP, making it a wholly-owned subsidiary effective May 12, 2025. Additionally, the company subscribed to 100% shares of Diensten Tech Inc. (USA), which became a wholly-owned subsidiary effective November 10, 2025. The statutory auditors, M/s. S.R. Dinodia & Co. LLP, issued an unmodified audit opinion on the financial results.

Historical Stock Returns for Diensten Tech

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%0.0%+3.13%-15.03%-18.75%-48.41%

More News on Diensten Tech

1 Year Returns:-18.75%