Elnet Technologies Ltd has submitted newspaper clippings to BSE Limited confirming the publication of its Postal Ballot notice in Business Standard and Makkal Kural on July 04, 2026. This submission complies with Section 110 of the Companies Act, 2013 and Rule 22 of the Companies (Management and Administration) Rules, 2014, informing shareholders about the completion of dispatch for the postal ballot and e-voting process regarding the appointment of a director.

The company is seeking shareholder approval for the appointment of Mr. Navneet Ganapathi as a Non-Executive Independent Director for a period of 5 years effective from May 14, 2026. The appointment was recommended by the Nomination and Remuneration Committee and approved by the Board. Pursuant to Regulation 17(1C) and Regulation 25(2A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, approval is required within three months of the appointment via a special resolution.

Postal Ballot Schedule

The company has established the following schedule for the postal ballot process. Only members whose names appear in the register of members or register of beneficial owners as on the cut-off date are eligible to vote.

The remote e-voting period begins on July 05, 2026, at 9:00 a.m. IST and ends on August 03, 2026, at 5:00 p.m. IST. Shareholders holding shares in either physical or dematerialized form as on the cut-off date may cast their votes during this window. Once a vote is cast, it cannot be modified.

Voting Process and Scrutiny

M/s. BP & Associates has been appointed as the scrutinizer to ensure the postal ballot is conducted fairly. The scrutinizer will submit a report to the Chairman upon completion of the scrutiny. The results of the postal ballot, along with the scrutinizer's report, will be communicated to BSE Limited and uploaded to the company's website. The resolutions will be deemed passed on the last date of voting if they receive the requisite approval.

Shareholders can access the e-voting system through the websites of CDSL or NSDL, or directly via www.evotingindia.com . Detailed instructions for individual and non-individual shareholders, as well as those holding shares in physical form, are provided in the notice.

Elnet Technologies held its 205th Board of Directors meeting on May 14, 2026, approving the audited standalone financial results for the quarter and year ended March 31, 2026. The meeting, which commenced at 12:00 P.M. and concluded at 1:40 P.M., was conducted pursuant to Regulation 33 and 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board transacted several key items of business, including approval of financial results, appointment of a new Independent Director, and re-appointment of the internal auditor. The statutory audit was conducted by M/s Selvam & Suku, Chartered Accountants, who issued an unmodified audit opinion for the financial year ended March 31, 2026.

Financial Performance

Elnet Technologies posted a strong set of numbers for the quarter and full year ended March 31, 2026. The company's revenue from operations and overall profitability showed notable improvement on a year-on-year basis. The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013. The following table summarises the key financial metrics (all figures in ₹ lakhs):

For the full year, total income grew to ₹3,612.36 lakhs from ₹3,325.30 lakhs in the prior year, while net profit rose to ₹2,009.21 lakhs from ₹1,755.22 lakhs. The paid-up equity share capital remained unchanged at ₹400.00 lakhs with a face value of ₹10.00 per share, and other equity stood at ₹17,158.05 lakhs as at March 31, 2026, compared to ₹15,225.16 lakhs in the previous year.

Balance Sheet Highlights

The company's balance sheet as at March 31, 2026 reflects a strengthened financial position. Total assets stood at ₹19,561.40 lakhs, up from ₹17,494.50 lakhs as at March 31, 2025. Total equity increased to ₹17,558.05 lakhs from ₹15,625.17 lakhs. Key balance sheet figures are presented below (all amounts in ₹ lakhs):

Cash Flow Summary

For the year ended March 31, 2026, net cash from operating activities stood at ₹3,396.05 lakhs, compared to ₹500.73 lakhs in the prior year. Net cash used in investing activities was ₹(4,673.67) lakhs, primarily on account of investments in fixed deposits with banks. Net cash used in financing activities was ₹(76.00) lakhs, reflecting dividend payments. The net decrease in cash and cash equivalents for the year was ₹(1,353.62) lakhs, with closing cash and cash equivalents at ₹997.12 lakhs.

Key Board Decisions

Beyond the financial results, the board transacted several other significant items of business. Pursuant to Regulation 30 read with Para A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company disclosed the appointment of a new Independent Director to BSE Limited. The details of key corporate decisions are summarised below:

The appointment of Mr. Navneet Ganapathi was made on the recommendation of the Nomination and Remuneration Committee to fill a casual vacancy, in compliance with Regulation 17(1E) of the SEBI (LODR) Regulations, 2015. The re-appointment of M/s. Ajay Kumar & Associates as internal auditor was made on the recommendation of the Audit Committee, with the firm providing its consent dated May 9, 2026, through its partner Ajay Kumar (Membership No. 211678).

Regulatory Compliance and EGM Voting Delay

The board also reviewed a prior instance of non-compliance relating to the EGM held on February 3, 2026. While the voting results and Scrutinizer's Report were submitted in PDF format on February 5, 2026, and published on the company's website simultaneously, the corresponding XBRL filing was completed on March 6, 2026. The delay was attributed to a technical system issue and was described as entirely inadvertent. BSE imposed a fine pursuant to SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, for non-compliance with Regulation 44(3) of the SEBI Listing Regulations. The fine details and payment information are summarised below:

The matter was placed before the Board of Directors at the meeting held on May 14, 2026, where the board discussed and took note of the non-compliance. After thorough analysis, the board acknowledged that the delay was inadvertent and unintentional. The board further emphasized that going forward, all prescribed timelines and regulatory compliances will be strictly adhered to, and the company has strengthened its internal compliance tracking to prevent such occurrences in the future. The financial results will be published in English and Tamil newspapers pursuant to Regulation 47 of the SEBI LODR and will also be available on the company's website at www.elnettechnologies.com .