Ikoma Technologies has announced the book closure dates for its upcoming Annual General Meeting. The company’s register of members and share transfer books will remain closed from Thursday, September 24, 2026, to Wednesday, September 30, 2026, inclusive.

The intimation was issued on September 5, 2026, pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This procedural step determines the list of shareholders eligible to attend and vote at the meeting.

E-Voting Facility Details

Ikoma Technologies is providing an e-voting facility to its shareholders in compliance with Section 108 of the Companies Act, 2013, Rule 20 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of the SEBI LODR Regulations, 2015.

Remote e-voting will commence on Sunday, September 27, 2026, at 9:00 am and conclude on Tuesday, September 29, 2026, at 5:00 pm. The cut-off date for determining membership eligibility for remote voting is fixed as September 23, 2026.

The announcement was signed by Rahul Anandrao Bhargav, Managing Director of Ikoma Technologies Limited.

Ikoma Technologies has scheduled its 32nd Annual General Meeting for September 30, 2026, to transact business including the re-appointment of several directors and the adoption of financial results for FY26. The company reported a sharp contraction in top-line growth, with total income dropping significantly year-on-year.

The firm recorded total income of ₹173.43 lakh for the fiscal year ended March 31, 2026, a steep decline from ₹2,032.55 lakh in FY25. Net profit after tax also contracted to ₹22.62 lakh, down from ₹131.85 lakh in the previous year. The Board did not recommend any dividend for the year under review.

What the Numbers Show

The divergence between revenue decline and margin expansion highlights a shift in cost structure. While total income fell by over 90%, total expenses decreased even more sharply from ₹1,844.10 lakh to ₹141.45 lakh. This resulted in an improvement in the net profit ratio from 0.07 in FY25 to 0.14 in FY26, despite the drastic reduction in absolute profitability. The reduction in expenses was driven primarily by lower employee benefits (₹21.57 lakh vs ₹100.87 lakh) and other expenses (₹101.35 lakh vs ₹942.19 lakh).

Board and Governance Changes

The AGM agenda includes multiple special resolutions concerning the composition of the Board. Shareholders will vote on the re-appointment of Mr. Paras Chand Jain as Whole Time Director for two years, with remuneration capped at ₹1 crore per annum. Similarly, the managerial remuneration of Managing Director Rahul Anandrao Bhargav is proposed to be increased above Section 197 limits.

Several independent directors seek regularisation or re-appointment, including Mr. Gopal Lohia, Mr. Mahesh Kumar Nayan Kumar, Mr. Amit Balgotra, Mr. Jatin, and Mr. Anil Kumar Kothari. The Board also seeks approval to withdraw a previously proposed preferential issue of 59,99,736 equity shares to shareholders of Mahakal Devcon Limited.

Financial Position

The company’s balance sheet reflects a significant deleveraging effort. Trade payables stood at nil as of March 31, 2026, compared to ₹3,261.72 lakh in the prior year. Long-term borrowings increased slightly to ₹141.99 lakh from ₹124.28 lakh. The gearing ratio improved to -3.39% from 78.92% in FY25, indicating a net cash position relative to debt. Cash and cash equivalents remained stable at ₹63.50 lakh.

Corporate Actions

The company altered its object clause during the year to focus on real estate and investment activities, approved by shareholders in the previous AGM. It also increased its authorised share capital from ₹25 crore to ₹75 crore. Additionally, the company forfeited 6,23,800 partly paid-up equity shares due to non-payment of call money, subject to BSE approval.