Frog Innovations disclosed that its promoters hold 1,12,83,422 equity shares as of March 31, 2026, confirming that a nil number of these shares are encumbered or pledged. The declaration, submitted to the National Stock Exchange of India Limited and the company's Audit Committee, covers the financial year ended March 31, 2026. This disclosure ensures compliance with regulatory requirements regarding the status of promoter holdings.

The confirmation was made by Konark Trivedi, Founder & Managing Director, on behalf of the Promoter and Promoter Group. The filing explicitly states that no encumbrance of shares was made directly or indirectly during the specified period. The disclosure was made under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Key Shareholding Details

The company, formerly known as Frog Cellsat Limited, provided this declaration to ensure transparency regarding the financial standing of its promoter group. The document was digitally signed by Konark Trivedi on April 07, 2026.

Frog Innovations Limited has released the transcript of its earnings conference call held on May 22, 2026. The company disclosed this document in compliance with Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transcript details the financial performance for FY26 and outlines management's strategic outlook for the coming year, emphasizing a shift towards a diversified business model despite a challenging industry environment.

Financial Performance and Business Review

Management described FY26 as a transformative year, noting that moderate telecom operator capex and delays in airport infrastructure projects impacted legacy businesses like RF repeaters and active DAS solutions. The company reported a decline in revenue and negative EBITDA, attributing the downturn primarily to reduced capital expenditure by mobile operators and a stalemate in the DAS business due to rental disagreements between operators and neutral hosts. However, the company successfully commissioned DAS deployments at Navi Mumbai International Airport and Noida International Airport, signaling a gradual revival in this segment.

Strategic Initiatives and New Growth Engines

During the year, Frog Innovations initiated its electronics manufacturing services (EMS) business, commencing deliveries towards the end of FY26. The company has onboarded customers across product lines including induction heaters, smart meters, and EV charging PCBs. On the product innovation front, the company commercially launched its AI-powered video analytics platform, AI EYE. Additionally, its CCTV portfolio is progressing through STQC approvals, with management expecting clearance by the end of the current quarter. The company also commenced 5G Site Implementation services and was appointed as a Digital Connectivity Rating Agency (DCRA) by TRAI.

Order Book and Future Outlook

The current order book stands at INR36 crores to INR38 crores, primarily comprising in-building accessories, network accessories, and services. Management expressed confidence in achieving its vision of INR500 crores revenue, supported by a diversified business structure spanning in-building coverage, DAS, telecom services, EMS, and surveillance. The company expects FY27 to surpass FY25 revenue levels, driven by the addition of a new major telecom operator and the ramp-up of new initiatives.

Conference Call Details

The following table summarizes the key details regarding the disclosure:

The transcript is available on the company's official website, providing investors with detailed insights into management's commentary on operational milestones and future strategies.