Euphoria Infotech (India) filed its annual report for FY26 on September 5, 2026, disclosing a 15.24% rise in consolidated revenue to ₹1,522.93 lakh, while consolidated net profit fell 12.94% to ₹154.60 lakh. The company will hold its 26th Annual General Meeting (AGM) on September 29, 2026.

The financial results reflect continued business momentum in top-line growth despite margin pressures. Consolidated revenue from operations increased from ₹1,321.58 lakh in FY25 to ₹1,522.93 lakh in FY26. However, total expenditure rose more sharply, from ₹1,084.91 lakh to ₹1,302.72 lakh, leading to the decline in profitability. Earnings per share (EPS) decreased to ₹5.33 from ₹6.12 in the previous year.

Financial Performance Highlights

The board did not recommend any dividend for FY26, citing the need to conserve resources for future growth and strengthen the financial position. No amount was transferred to the general reserve.

26th AGM Details

The AGM will be conducted via Video Conferencing and Other Audio Visual Means (VC/OAVM). The primary agenda includes the adoption of audited standalone and consolidated financial statements for the year ended March 31, 2026. Additionally, shareholders will vote on the re-appointment of Mrs. Soma Das (DIN: 06383280), who retires by rotation.

Key Dates for Shareholders

National Securities Depository Limited (NSDL) has been engaged as the authorized agency for remote e-voting. CS Md. Shahnawaz has been appointed as the Scrutinizer to oversee the voting process. The VC/OAVM facility is available for up to 1,000 members on a first-come-first-served basis, with unrestricted access for large shareholders holding 2% or more, promoters, and institutional investors.

Board Composition Changes

During FY26, the company appointed Mr. Haider Ali as an Independent Director to fill the casual vacancy arising from the demise of Mr. Sriyans Lunia. Mr. Ali was appointed at the 25th AGM held on September 16, 2025. The current board comprises Managing Director Shamba Bhanja, Whole-time Director Priyabrata Seal, Non-Executive Director Soma Das, and Independent Directors Avijit Mallick and Haider Ali.

Euphoria Infotech (India) Limited's Board of Directors, at its meeting held on May 13, 2026, considered and approved the audited standalone and consolidated financial results for the half year and financial year ended March 31, 2026, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting, held at the company's registered office at Bengal Eco Intelligent Park, Building EM-3, Sector V, Salt Lake City, Kolkata-700091, commenced at 2:30 p.m. and concluded at 3:15 p.m. The statutory auditors, M/s. Baid Agarwal Singhi & Co., Chartered Accountants (Firm Registration No.: 0326871E), issued an unmodified audit opinion on both the standalone and consolidated financial statements.

Standalone Financial Performance

The company's standalone financial results for the year ended March 31, 2026, reflect growth in revenue from operations, though net profit declined compared to the previous year. On a standalone basis, revenue from operations for FY26 grew to ₹1,522.93 lakhs from ₹1,321.57 lakhs in the previous year. Total expenses rose to ₹1,302.72 lakhs from ₹1,084.91 lakhs, driven primarily by higher cost of equipment and services consumed (₹636.66 lakhs vs. ₹509.86 lakhs) and increased employee benefits (₹447.17 lakhs vs. ₹378.69 lakhs). Net profit for FY26 stood at ₹154.09 lakhs compared to ₹179.08 lakhs in FY25, with basic and diluted EPS at ₹5.31 versus ₹6.17 in the prior year. The following table presents the key standalone financial metrics (Rs. in lakhs except EPS):

Consolidated Financial Performance

The consolidated results include the financial performance of Euphoria Infotech Bangladesh Private Limited, an associate company in which the group holds a 49% stake. On a consolidated basis, net profit for FY26 was ₹154.60 lakhs compared to ₹177.57 lakhs in FY25. The share of profit from associates (net of exchange differences) was ₹0.51 lakhs for FY26 against a loss of ₹1.52 lakhs in FY25. Consolidated basic and diluted EPS stood at ₹5.33 for FY26 versus ₹6.12 in the prior year. The key consolidated financial metrics are presented below (Rs. in lakhs except EPS):

Balance Sheet and Cash Flow Highlights

The standalone balance sheet as at March 31, 2026, reflects a significant expansion in the company's asset base. Total assets grew to ₹3,136.26 lakhs from ₹1,937.21 lakhs as at March 31, 2025. Trade receivables increased substantially to ₹1,640.90 lakhs from ₹701.35 lakhs, while inventories rose to ₹910.39 lakhs from ₹654.14 lakhs. On the liabilities side, short-term borrowings increased to ₹411.39 lakhs from ₹70.63 lakhs, and trade payables (other than MSME) rose to ₹378.83 lakhs from ₹22.55 lakhs. Reserves and surplus stood at ₹1,503.76 lakhs as at March 31, 2026, compared to ₹1,351.25 lakhs in the prior year. On a consolidated basis, total assets stood at ₹3,135.02 lakhs as at March 31, 2026, compared to ₹1,935.45 lakhs in the prior year, with consolidated reserves and surplus at ₹1,502.52 lakhs versus ₹1,349.48 lakhs previously.

From a standalone cash flow perspective, net cash used in operating activities was ₹(387.18) lakhs for FY26, compared to ₹(58.91) lakhs in FY25, primarily due to a significant increase in trade receivables and other assets of ₹(1,228.92) lakhs. Net cash used in investing activities was ₹(41.11) lakhs, while net cash from financing activities was ₹376.11 lakhs, supported by net borrowing proceeds of ₹410.06 lakhs. On a consolidated basis, net cash used in operating activities was ₹(386.68) lakhs, net cash used in investing activities was ₹(41.63) lakhs, and net cash from financing activities was ₹376.12 lakhs. Cash and cash equivalents as at March 31, 2026, stood at ₹42.42 lakhs on both a standalone and consolidated basis, down from ₹94.60 lakhs at the start of the year.

Internal Auditor Appointment and Other Disclosures

At the same board meeting, the company also approved the appointment of M/s. ABPP & Associates, Chartered Accountants (FRN No. 328632E) as Internal Auditor for the financial year 2026-27, effective May 13, 2026. ABPP & Associates is a firm of Chartered Accountants offering services across audit and assurance, direct and indirect taxation, company law matters, and advisory services. The company operates solely in the Information Technology development segment and accordingly does not provide segment-wise disclosures. The trading window for designated persons, which was closed as per the earlier communication dated March 20, 2026, shall remain closed up to May 15, 2026, in compliance with applicable SEBI insider trading regulations. The submission was signed by Priyabrata Seal, Whole-time Director (DIN: 07449685).