Iware Supplychain Services approves preferential share issue

Iware Supplychain Services Limited secured shareholder approval to issue equity shares on a preferential basis, a move aimed at potentially raising capital. The special resolution passed with overwhelming support during the Extra-Ordinary General Meeting (EGM) held on May 26, 2026, via video conferencing. This approval authorizes the board to allot shares to identified investors, which is a critical step for the company's funding strategy.

The voting process, conducted by M/s. Jigar Trivedi & Co., saw strong participation from the promoter group. A total of 7,886,400 votes were polled, representing 73.59% of the total outstanding shares. The resolution required a special majority under the Companies Act, 2013, and successfully met the necessary threshold.

Voting Breakdown

The results highlighted a distinct split between the promoter group and public shareholders. While the promoter group voted entirely in favour, a small portion of public non-institutional shareholders voted against the resolution.

Category	Shares Held	Votes Polled	% of Outstanding	Votes In Favour	Votes Against	% In Favour
Promoter and Promoter Group	7,940,400	7,879,200	99.23	7,879,200	0	100
Public - Non-Institutions	2,314,200	7,200	0.31	6,000	1,200	83.33
Total	10,716,000	7,886,400	73.59	7,885,200	1,200	99.98

Meeting Details

The EGM was conducted under Regulation 44 of the SEBI (LODR) Regulations, 2015. Remote e-voting commenced on May 23, 2026, and concluded on May 25, 2026, providing shareholders ample opportunity to participate. The cut-off date for determining shareholder eligibility was May 19, 2026, with a total of 799 shareholders on record.

The scrutinizer's report confirmed that there were no invalid votes. The facility for e-voting during the EGM was utilized by one member who cast 1,200 votes against the resolution. The consolidated results have been submitted to the National Stock Exchange of India Limited and will be available on the company's website.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.29%	+1.18%	-7.37%	+54.95%	+274.32%	+325.22%

iware supplychain services has submitted its revised audited financial results for the year ended March 31, 2026, following a regrouping of certain balances in its financial statements. The company reported a net profit of ₹1,506.17 lakh for the fiscal year, a significant increase from ₹801.93 lakh in the previous year. Revenue from operations surged to ₹25,766.19 lakh compared to ₹8,582.25 lakh in FY25, driven by operational expansion. The revision was necessitated to reclassify specific items between short-term and long-term borrowings, liabilities, and provisions to enhance presentation clarity in accordance with Schedule III of the Companies Act, 2013.

The Board of Directors, led by Managing Director Krishnakumar Jagadishprasad Tanwar, approved the revised results at a meeting on May 12, 2026. The statutory auditors, M/s. J A Y A M & Associates LLP, confirmed that the reclassification is purely a presentation adjustment and does not alter the substance of the financial statements. Consequently, there is no impact on the total assets, total liabilities, or the overall profit and loss position of the company. The audit report remains unmodified, affirming a true and fair view of the financial position.

Financial Performance

The company's total income for FY26 stood at ₹25,838.14 lakh, up from ₹8,610.96 lakh in the prior year. Total expenses increased to ₹23,842.99 lakh from ₹7,525.60 lakh, largely due to higher operational costs. Profit before tax for the year was reported at ₹1,995.14 lakh, compared to ₹1,085.36 lakh in FY25. The basic earnings per share (EPS) improved to ₹14.37 from ₹10.20 in the previous year.

Particulars	FY26 (In Lacs)	FY25 (In Lacs)
Revenue from Operations	25,766.19	8,582.25
Total Income	25,838.14	8,610.96
Total Expenses	23,842.99	7,525.60
Profit Before Tax	1,995.14	1,085.36
Net Profit	1,506.17	801.93

Balance Sheet Highlights

The balance sheet reflects a strengthened equity base and asset growth. Shareholders' funds rose to ₹5,572.27 lakh as of March 31, 2026, from ₹1,618.62 lakh a year earlier, supported by an increase in share capital to ₹1,071.60 lakh. Total assets expanded to ₹16,009.34 lakh, primarily driven by a rise in trade receivables to ₹5,995.76 lakh and property, plant, and equipment to ₹4,618.47 lakh.

Particulars	31-March-2026 (In Lacs)	31-March-2025 (In Lacs)
Share Capital	1,071.60	786.00
Reserves and Surplus	4,500.67	832.62
Total Assets	16,009.34	5,695.89
Trade Receivables	5,995.76	1,406.02

Cash Flow Statement

The cash flow statement indicates a net decrease in cash and cash equivalents of ₹93.93 lakh for the year, closing at ₹320.35 lakh. Cash used in operating activities was ₹1,979.92 lakh, while investing activities utilized ₹4,463.83 lakh, largely due to capital expenditure. Financing activities generated ₹6,349.82 lakh, fueled by proceeds from share capital issuance and borrowings.