ECS Biztech Limited has released its audited standalone financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the financial statements during a meeting held on May 20, 2026. The company operates primarily in the IT Consulting and Software segment.

Financial Performance for FY26

For the fiscal year ended March 31, 2026, the company reported a net profit of ₹2.96 crore, compared to ₹2.03 crore in the previous year. Revenue from operations for the year decreased to ₹190.30 lakh from ₹292.19 lakh in FY25. Total revenue, which includes other income, stood at ₹194.66 lakh for FY26.

The company's total expenses for the year were ₹176.14 lakh, down from ₹273.18 lakh in the prior year. Profit before tax for the year was recorded at ₹18.52 lakh. Earnings per share (EPS) for the year remained flat at ₹0.01 on a basic and diluted basis.

Quarterly Results

For the quarter ended March 31, 2026, ECS Biztech reported a net loss of ₹11.23 lakh, compared to a net loss of ₹11.48 lakh in the same quarter of the previous year. Revenue from operations for the quarter stood at ₹32.60 lakh, a decline from ₹43.44 lakh in Q4 FY25. Total expenses for the quarter were ₹28.57 lakh.

Key Financial Metrics

The following table summarizes the key financial figures for the year and quarter ended March 31, 2026:

Balance Sheet and Cash Flow

As of March 31, 2026, the company's total assets stood at ₹251.91 lakh, a decrease from ₹307.37 lakh in the previous year. Equity share capital remained unchanged at ₹2,055.50 lakh. The company reported cash and cash equivalents of ₹2.22 lakh at the end of the fiscal year, compared to ₹0.36 lakh in the prior year.

Auditor's Report

The statutory auditors, M/s. Purushottam Khandelwal & Co. Chartered Accountants, have issued an audit report with an unmodified opinion on the standalone financial results for the quarter and year ended March 31, 2026. The results were reviewed by the Audit Committee and approved by the Board.

ECS Biztech Limited has formally submitted an application to BSE Limited on May 4, 2026, seeking a no-objection for reclassifying eight promoter group members to the public shareholder category. This follows the Board of Directors' approval granted at its meeting held on May 1, 2026, at the company's registered office in Ahmedabad. The Board meeting commenced at 11:00 A.M. and concluded at 11:30 A.M., with resolutions unanimously passed to accept the reclassification applications. The submission marks a key procedural milestone under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and is in continuation of the company's earlier intimations dated April 30, 2026 and May 1, 2026.

Reclassification Details

The eight promoter group members had initially submitted their reclassification requests on April 29, 2026. The applicants include individuals and one Hindu Undivided Family (HUF) entity. The following table outlines the details of the members seeking reclassification:

Regulatory Compliance and Board Decision

The Board confirmed that all applicants have provided detailed undertakings confirming compliance with SEBI regulations. Key confirmations include that none of the applicants hold more than ten percent of total voting rights, do not exercise control over company affairs, and have no special rights through formal or informal arrangements. Additionally, none of the applicants are represented on the board of directors or act as key managerial personnel. Pursuant to Regulation 31A(3)(a)(vi) of the SEBI LODR Regulations, 2015, the Board noted that shareholder approval is not required, as the promoter group members seeking reclassification and persons related to them together do not hold more than one percent of the total voting rights in the company.

Current Shareholding Impact

The eight promoter group members collectively hold 88,087 equity shares, representing 0.42% of the company's total shareholding. Shilpa Bharatkumar Doshi holds the largest stake among the applicants with 80,000 shares (0.39%), while Dharmesh Rajnikant Shah holds 5,000 shares (0.02%). Four of the eight applicants currently hold zero shares in the company.

Next Steps and Documentation

With the application now submitted to BSE Limited on May 4, 2026, the process awaits the stock exchange's no-objection. Upon receipt of BSE's approval, the reclassification will be given effect in the shareholding pattern of the immediately succeeding quarter, in accordance with Regulation 31 of the SEBI LODR Regulations, 2015. Company Secretary and Compliance Officer Nilam Viren Makwana has been authorized to execute all required documentation and filings in this regard.