Indo-City Infotech Limited has reported a net profit of ₹28.16 lakh for FY26, a significant turnaround from the net loss of ₹1.26 crore recorded in FY25. The company has scheduled its 34th Annual General Meeting (AGM) for September 30, 2026, where shareholders will vote on a special resolution to rename the entity to Indo-City Capital & Investment Limited.

The financial results reflect a strategic shift in operations and asset management during the year. Total income declined to ₹559.76 lakh from ₹823.69 lakh in the previous year, primarily due to reduced trading volumes in shares and securities. However, this decline was offset by lower expenses and improved other income streams, enabling the company to return to profitability.

Financial Performance

Revenue from operations fell to ₹521.99 lakh from ₹796.18 lakh, driven by a drop in sales of shares to ₹504.59 lakh from ₹755.99 lakh. Interest income on advances also decreased to ₹17.41 lakh from ₹27.55 lakh. Conversely, other income rose to ₹37.77 lakh from ₹27.51 lakh, supported by higher interest income on fixed deposits (₹22.39 lakh vs ₹16.91 lakh) and dividend income (₹12.27 lakh vs ₹10.27 lakh).

Total expenses contracted sharply to ₹515.93 lakh from ₹948.41 lakh. This reduction was largely due to a decrease in purchases of stock-in-trade to ₹139.43 lakh from ₹968.41 lakh and a positive change in inventories of ₹227.59 lakh compared to a negative adjustment of ₹96.36 lakh in FY25.

Balance Sheet Strength

The company strengthened its liquidity position significantly during FY26. Cash and cash equivalents increased to ₹16.70 lakh from ₹7.94 lakh, while other bank balances (fixed deposits) surged to ₹543.00 lakh from ₹209.07 lakh. Notably, Indo-City Infotech fully repaid its borrowings, reducing debt from ₹25.31 lakh in FY25 to nil, resulting in a net cash position.

Loans receivables decreased to ₹201.99 lakh from ₹311.69 lakh, indicating a contraction in lending activities or recovery of outstanding amounts. Investments in unquoted equity instruments were completely derecognized or written off, dropping to nil from ₹146.07 lakh, with provisions made for diminution in value of preference share investments in Shri Tradco Deesan Private Limited and Honest Derivatives Private Limited.

Key Resolutions

Shareholders will vote on several ordinary and special resolutions during the AGM:

• Name Change: Transition from Indo-City Infotech Limited to Indo-City Capital & Investment Limited or another name approved by the Registrar of Companies.
• Management Re-appointment: Re-appointment of Mr. Aneel Jain as Managing Director and Chairman for five consecutive years until the 39th AGM.
• Director Rotation: Re-appointment of Mrs. Shashi Aneel Jain, who retires by rotation and offers herself for re-election.
• Secretarial Audit: Appointment of M/s. Nidhi Bajaj & Associates as Secretarial Auditor for five years.

Leadership Remuneration

Mr. Aneel Jain’s re-appointment includes a structured remuneration package approved by the Nomination and Remuneration Committee:

In the event of loss or inadequate profits, remuneration will be determined within the ceiling limits laid down in Schedule V of the Companies Act, 2013.

Voting Details

The company has enabled remote e-voting through Central Depository Services (India) Limited (CDSL). The voting window opens on September 27, 2026, at 9:00 am and closes on September 29, 2026, at 5:00 pm. Ballot paper voting will also be available at the venue for those who have not voted electronically.

What the Numbers Show

The financial turnaround is driven more by expense reduction and asset realization than operational revenue growth. With revenue falling 32% while profits swung from a ₹1.26 crore loss to a ₹28.16 lakh gain, the improvement stems largely from a sharp drop in purchase costs and inventory adjustments. The complete repayment of borrowings and accumulation of ₹543 lakh in fixed deposits signal a conservative balance sheet strategy, prioritizing liquidity over aggressive lending expansion in FY26.

Indo-City Infotech disclosed that Times Growth Securities Ltd, identified as part of the promoter group, acquired 10,000 equity shares of the company via open market purchases. The trades were executed on August 17 and 18, 2026, bringing the firm’s total shareholding to 4,45,000 shares.

The acquisition increases Times Growth Securities’ stake from 4.18% to 4.28% of the total voting capital. The company confirmed receipt of the disclosure from the purchaser on August 19, 2026, and filed the necessary reports with the Bombay Stock Exchange.

Transaction Details

The share purchases were made on the open market without any encumbrances or pledges. The total number of equity shares in Indo-City Infotech remains at 1,04,00,000 shares of ₹10 face value each. No warrants, convertible securities, or other instruments entitling the acquirer to voting rights were involved in the transaction.

Regulatory Disclosures

The disclosure was made under Regulation 7(2) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. Additionally, the company filed details under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Times Growth Securities Ltd is registered with CIN U65823MH2008PLC177280 and has its registered office at Lodha Supremus, Andheri East, Mumbai. The authorized signatory for the filing was Ramesh Chandra Pusola for Indo-City Infotech Limited.