HCKK Ventures reported a net loss of ₹98.16 lakh for the financial year ended March 31, 2026, reversing a profit of ₹22.03 lakh in the previous year. The deterioration was driven by a sharp decline in operating revenue and a significant one-time write-off linked to the withdrawal of a proposed merger.

Total income fell 48% year-on-year to ₹35.72 lakh, down from ₹68.87 lakh in FY25. Revenue from operations, which constitutes the core business activity, dropped 68% to ₹15.05 lakh from ₹46.88 lakh. This contraction in top-line performance was exacerbated by a surge in other expenses, which rose fivefold to ₹131.62 lakh from ₹25.94 lakh in the prior year.

What the Numbers Show

The profit and loss statement reveals a structural divergence between operational earnings and non-operational income. While revenue from operations collapsed, other income—primarily interest income of ₹20.67 lakh—remained relatively stable at ₹20.67 lakh compared to ₹21.99 lakh in FY25. Consequently, interest income now exceeds operating revenue, accounting for approximately 58% of total income. This shift highlights a temporary reliance on investment returns rather than core technology consultancy services during the period.

Merger Withdrawal and Cost Implications

A material driver of the fiscal loss was the withdrawal of a proposed scheme of arrangement involving Softlink Global Private Limited and Ivolve Holdings Private Limited. The company wrote off ₹69.88 lakh during the year related to this transaction. The write-off comprised stamp duty of ₹9.00 lakh, controller fees of ₹37.19 lakh, and advances of ₹23.69 lakh. These costs were charged directly to the statement of profit and loss, significantly impacting the bottom line.

Additionally, the company recognized an Expected Credit Loss (ECL) provision of ₹34.99 lakh against trade receivables, whereas no such provision was made in the previous year. Trade receivables stood at nil as of March 31, 2026, after being fully provisioned, compared to ₹17.23 lakh in the prior year.

Balance Sheet and Cash Position

Despite the operating loss, HCKK Ventures maintains a strong liquidity position. Total assets decreased to ₹348.25 lakh from ₹450.20 lakh in FY25. The company holds cash and cash equivalents of ₹13.98 lakh and bank fixed deposits totaling ₹318.94 lakh.

The balance sheet is debt-free. Borrowings, which stood at ₹4.65 lakh in FY25, were fully repaid during the year. Net worth declined to ₹340.59 lakh (equity share capital of ₹371.00 lakh less reserves deficit of ₹30.41 lakh) from ₹438.75 lakh in the previous year, reflecting the accumulated losses for the period.

Corporate Developments

Mr. Ravikant Saawal was appointed as Managing Director and Chief Executive Officer with effect from April 6, 2026, succeeding Mr. Apurv Bhargava who resigned in March 2026. The Board also recommended the reappointment of M/s D.R. Mehta & Associates as statutory auditors for a five-year term commencing from the conclusion of the 43rd Annual General Meeting.

HCKK Ventures approved its unaudited standalone financial results for the first quarter ended June 30, 2026, at a board meeting held on August 13, 2026. The Nashik-based company did not disclose specific revenue or profit figures in its brief exchange filing, limiting the disclosure to regulatory compliance details.

Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, HCKK Ventures published advertisements in "Active Times" (English) and "Mumbai Lakshdeep" (Marathi). The filing confirms that the Audit Committee reviewed the results before board approval.

Regulatory Compliance

The company disseminated the information in accordance with applicable listing norms. Ravikant Saawal, Additional Director, signed the communication addressed to BSE Limited. The full format of the financial results is available on the stock exchange website and the company's official portal.

What the Numbers Show

The absence of specific financial metrics in this brief filing prevents any analytical observation regarding revenue trends, profitability, or margin movements for Q1FY26. Investors must refer to the detailed format available on the exchange website for granular data.