Inspirisys Solutions has amicably resolved its litigation with Kerala Medical Services Corporation Limited (KMSCL) through mediation, leading to the disposal of a ₹75.89 lakhs demand raised against it. The settlement, based on a Mediation Settlement Agreement submitted before the Hon'ble High Court of Kerala at Ernakulam, was ordered on April 10, 2026. The company received the certified copy of the court order on June 03, 2026, confirming the resolution of the dispute and the final disposal of the case. This development removes a material financial overhang that had been pending since the contract was awarded in 2011.

The dispute originated from services rendered by Inspirisys Solutions to KMSCL pursuant to a tender awarded in 2011. Disputes arising from the contract were subsequently referred to arbitration and later to mediation proceedings. The resolution through the Hon'ble High Court marks the conclusion of these long-standing legal proceedings.

As part of the mediation proceedings, the company had previously paid an amount of Rs 7,68,300 towards the Bank Guarantee. However, under the terms of the settlement, all claims and counterclaims of the parties, including the aforementioned amount, have been mutually waived and fully and finally settled. This waiver ensures that no further financial liabilities related to this specific litigation remain outstanding for the company.

The disclosure was made to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The company confirmed that the matter stands disposed of pursuant to the court's order received on June 03, 2026.

Key Settlement Details

The following table summarises the key parameters of the mediation settlement between Inspirisys Solutions and KMSCL:

Inspirisys Solutions Limited convened a Board of Directors meeting on May 08, 2026, approving the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The meeting, held in compliance with Regulation 30, 33, and other applicable provisions of the SEBI (LODR) Regulations, 2015, commenced at 12.40 P.M. (IST) and concluded at 05.15 P.M. (IST). Statutory auditors M/s M S K A & Associates LLP issued unmodified opinions on both sets of financial results.

Standalone Financial Performance

On a standalone basis, the company reported revenue from operations of ₹46,624 lakhs for FY26, an increase from ₹37,842 lakhs in the prior year. Total income rose to ₹47,642 lakhs compared to ₹38,793 lakhs. Total profit after tax for the year stood at ₹3,826 lakhs, up from ₹2,609 lakhs in FY25. The company recognised an exceptional item of ₹381 lakhs during the year, representing the statutory impact of new Labour Codes enacted effective November 21, 2025. Paid-up equity share capital remained unchanged at ₹3,962 lakhs, while other equity increased to ₹13,489 lakhs from ₹9,726 lakhs.

Consolidated Financial Performance

On a consolidated basis, revenue from operations for FY26 was ₹47,588 lakhs, up from ₹38,815 lakhs in FY25. Total consolidated income reached ₹48,705 lakhs compared to ₹39,759 lakhs in the prior year. Total profit after tax for the year stood at ₹4,098 lakhs, against ₹2,154 lakhs in FY25. Consolidated other equity stood at ₹6,059 lakhs as at March 31, 2026, compared to ₹1,891 lakhs in the prior year. Total consolidated assets grew to ₹35,918 lakhs from ₹26,710 lakhs.

Segment-Wise Performance

The Group operates across three business segments: Systems Integration, Services, and Warranty Management Services. The Services segment remained the largest contributor to revenue at ₹30,998 lakhs for FY26, followed by Systems Integration at ₹15,926 lakhs. The Systems Integration segment turned profitable at the segment result level in FY26, recording ₹188 lakhs compared to a loss of ₹14 lakhs in FY25.

Subsidiary Developments and AGM

During the year, the company completed the liquidation of its wholly owned subsidiary Inspirys Solutions DMCC (UAE), receiving the dissolution order on May 05, 2025. The voluntary liquidation of Inspirys Solutions Japan Kabushiki Kaisha was approved on August 14, 2025. Additionally, the company closed its branch operations in Singapore with effect from June 10, 2025. These developments had no material impact on the financial results. The Board approved the Notice of the 31st Annual General Meeting (AGM) scheduled for June 30, 2026.