Innovassynth Technologies (India) Limited shareholders approved all resolutions at the 18th Annual General Meeting held on September 30, 2026. The meeting, conducted via Video Conferencing, saw strong promoter participation and overwhelming support for the adoption of financial statements and director re-appointment.

Voting results and participation

The company reported that out of 27,395 shareholders on the record date, 64 individuals participated in the meeting through video conferencing. No shareholders attended in person or through proxy. The voting process was conducted via remote e-voting and e-voting during the meeting, facilitated by National Securities Depository Limited (NSDL).

Two ordinary resolutions were put to vote:

1. Adoption of audited financial statements for FY26.
2. Re-appointment of Dr. Hardik Joshipura as a director retiring by rotation.

Both resolutions were passed with near-unanimous support. The promoter group, holding 69,678,624 shares, voted 100% in favor of both items. Public institutional shareholders held 1,031,108 shares but cast zero votes. Public non-institutional shareholders, holding 22,150,964 shares, voted on 171,667 shares for each resolution.

What the numbers show

A significant divergence exists between shareholding concentration and voting engagement. The promoter group holds approximately 75% of the total outstanding shares represented in the poll summary (92,860,696 shares) and exercised their full voting rights. In contrast, public non-institutional investors, who hold roughly 24% of the total shares, voted only 0.77% of their holdings. This low public turnout meant that the outcome was entirely determined by the promoter block, with dissenting votes from the public minority totaling just 336 shares against a total of 69,850,291 votes polled.

Resolution details

The scrutinizer’s report confirmed no invalid votes were cast. The results were declared by Sameer Salim Pakhali, Company Secretary & Compliance Officer, on October 1, 2026.

Innovassynth Technologies (India) Limited reported a Profit After Tax (PAT) of INR 1196 lakh for the quarter ended March 31, 2026, recovering from a loss of INR 780 lakh in the quarter ended December 31, 2025. Revenue from operations for Q4FY26 stood at INR 5083 lakh, compared to INR 2197 lakh in the previous quarter. The company’s order book improved by approximately INR 60 crore during the period, reflecting continued customer demand and providing enhanced revenue visibility.

The financial results for FY 2025–26 represent the full-year operating performance of the merged entity following the absorption merger effective October 1, 2024. Comparative figures for FY 2024–25 reflect only the post-merger period from October 1, 2024, to March 31, 2025, making the figures for the two periods not directly comparable.

Performance Update and Outlook

Management noted that performance during the previous quarter was impacted by temporary shipment delays due to logistics disruptions from the ongoing Middle East conflict and a one-time inventory adjustment by a key customer. These factors were described as transitory, with no change in the underlying demand environment or business fundamentals. The inventory adjustment is expected to be a one-time event with no material impact on future business volumes.

Strategic Growth Drivers

The company is executing a life sciences capacity expansion expected to double capacity, aligned with CDMO demand growth. It successfully completed audits from two large CDMO customers with no major observations, reinforcing strong quality systems. Two additional customer audits are scheduled in the coming months to support pipeline expansion. The customer base remains diversified across the USA and Europe, reducing geographic concentration risk.

Financial Results

The company reported an EBITDA of INR 628 lakh for Q4FY26, with an EBITDA margin of 12%. For the year ended March 31, 2026, the company reported a net loss of INR 2878 lakh, with revenue from operations at INR 10235 lakh. The open order book as of the reporting period stood at approximately INR 176 crore, with major orders from USA-based companies.

Amount in INR Lakhs