Futuristic Solutions Limited has scheduled a board meeting for July 20, 2026, to consider and approve the audited financial results for the financial year 2025-26. The meeting will be held at the company's registered office to transact key business, including the approval of the Directors' Report along with its annexures. This decision is crucial for finalizing the company's annual performance and compliance with regulatory requirements.

The board will also determine the day, date, time, agenda, and venue for the 43rd Annual General Meeting (AGM). Additionally, it will decide on the book closure period and the record date for the AGM. These steps are essential for establishing shareholder eligibility and ensuring smooth proceedings for the upcoming annual meeting.

To facilitate the AGM, the board plans to appoint Central Depository Services India Limited (CDSL) to enable the e-Voting platform. This will allow members to exercise their voting options remotely. A scrutinizer will also be appointed to oversee the remote e-Voting process and the votes cast during the AGM.

In a separate disclosure, the company informed that the trading window for dealing in its securities remains closed for all designated persons. This closure, effective since June 26, 2026, will continue until 48 hours after the declaration of the audited financial results for the quarter ended June 30, 2026. The measure is in line with the company's code of conduct to regulate trading.

The board meeting agenda includes provisions to transact any other business with the permission of the chair. The intimation was made pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Futuristic Solutions Limited has submitted its audited financial results for the financial year ended March 31, 2026, to BSE Limited under Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were published in Financial Express (English) and Jansatta (Hindi) newspapers on April 30, 2026, following approval by the Board of Directors on April 29, 2026.

The company reported a significant turnaround in financial performance for FY26, achieving a net profit of Rs 78.41 lakhs compared to a net loss of Rs 6.09 lakhs in the previous year. Total income increased substantially to Rs 702.33 lakhs from Rs 76.77 lakhs in FY25. Revenue from operations rose to Rs 652.42 lakhs, driven primarily by realisation of claims amounting to Rs 640.91 lakhs and interest income of Rs 11.52 lakhs. Other income for the year stood at Rs 49.90 lakhs.

Financial Performance Summary

For the quarter ended March 31, 2026, the company reported a net profit of Rs 25.95 lakhs on total income of Rs 550.58 lakhs. Revenue from operations for the quarter stood at Rs 537.68 lakhs, with realisation of claims contributing Rs 526.41 lakhs. The profit before tax for the quarter was Rs 38.47 lakhs, with tax expenses of Rs 12.53 lakhs.

Balance Sheet Position

The company's balance sheet as at March 31, 2026, shows total assets of Rs 1,964.22 lakhs, up from Rs 1,589.00 lakhs in the previous year. Financial assets increased to Rs 1,072.81 lakhs from Rs 869.68 lakhs, with cash and cash equivalents rising to Rs 878.57 lakhs from Rs 674.82 lakhs. Non-financial assets stood at Rs 891.41 lakhs compared to Rs 719.32 lakhs in FY25.

Total liabilities and equity increased to Rs 1,964.22 lakhs from Rs 1,589.00 lakhs. Financial liabilities stood at Rs 329.16 lakhs, while total equity increased to Rs 1,604.93 lakhs from Rs 1,526.53 lakhs. Equity share capital remained unchanged at Rs 1,047.34 lakhs, while other equity increased to Rs 557.59 lakhs from Rs 479.18 lakhs.

Board Decisions and Auditor Appointments

The Board approved several key resolutions during the meeting held on April 29, 2026. Based on the recommendations of the Audit Committee, the Board re-appointed M/s. S M P C, Chartered Accountants as Internal Auditor for FY 2026-27. M/s. Kumar Rajesh & Associates, Company Secretaries, were re-appointed as Secretarial Auditor for a period of five consecutive financial years from FY 2026-27 to FY 2030-31, subject to shareholder approval at the 43rd Annual General Meeting.

The Board also approved the revision in remuneration of Mr. Mandeep Sandhu, Managing Director, from Rs 21,00,000 per annum to Rs 27,00,000 per annum with effect from April 1, 2026, subject to shareholder and statutory approvals. The statutory auditors, Mahesh Yadav & Co., issued an unmodified opinion on the audited financial results. The company has adopted Indian Accounting Standards (Ind-AS) from April 1, 2019.