iware supplychain services Limited has filed a second corrigendum to the notice of its Extraordinary General Meeting (EGM) scheduled for Tuesday, May 26, 2026. This follows a communication from the National Stock Exchange (NSE) dated May 15, 2026, seeking further clarifications and additional information regarding the company's proposed preferential issue. The corrigendum, dated May 19, 2026, modifies the explanatory statement of the original EGM notice dated April 30, 2026, and the first corrigendum dated May 12, 2026.

Updates to Valuation and Disclosures

The second corrigendum introduces a disclosure regarding a second addendum to the Valuation Report, issued in response to the NSE's letter. The registered valuer has updated the report, and the floor price per equity share remains ₹254.09. The company has provided direct access links to both the initial and the second addendum of the Valuation Report on its website. Additionally, the corrigendum updates Annexure I, which details the proposed allottees and their post-issue shareholding percentages.

Proposed Allottees and Shareholding Details

The preferential issue involves the allotment of equity shares to 22 proposed allottees, all classified as non-promoters. The table below outlines the specific shares to be allotted and the resulting post-issue capital percentage for each allottee:

Management and Control

The company has reaffirmed that there will be no change in the management or control of the company following the preferential issue. The second corrigendum, along with the first corrigendum and the original EGM notice, forms an integral part of the official documentation. These documents are available on the company's website and the NSE website. The EGM will be held via Video Conferencing/Other Audio-Visual Means.

iWare Supplychain Services Limited announced its audited financial results for the financial year ended March 31, 2026, at a Board of Directors meeting held on May 12, 2026. The results were approved pursuant to Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Statutory Auditors M/s JAYAM and Associates LLP, Chartered Accountants (Firm Registration No. 130968W), issued an unmodified audit report on the financial results for the financial year ended March 31, 2026.

Financial Performance: Revenue and Profitability

The company delivered a strong financial performance in FY26, with revenue from operations more than tripling compared to the prior year. The following table presents the key financial metrics for the full year:

For the half year ended March 31, 2026, revenue from operations stood at ₹16,422.52 lakhs and net profit was ₹863.19 lakhs. Employee benefit expenses for the full year were ₹1,338.57 lakhs, finance costs were ₹442.94 lakhs, and depreciation and amortisation expenses were ₹542.20 lakhs.

Balance Sheet Highlights

The company's total assets expanded significantly to ₹16,009.34 lakhs as of March 31, 2026, compared to ₹5,695.89 lakhs as of March 31, 2025. Key balance sheet items are summarised below:

Cash Flow Summary

For the year ended March 31, 2026, net cash used in operating activities was ₹(1,979.92) lakhs, compared to net cash generated of ₹596.85 lakhs in FY25. Net cash used in investing activities was ₹(4,463.83) lakhs, primarily driven by purchase of property, plant and equipment amounting to ₹(3,715.55) lakhs. Net cash generated from financing activities was ₹6,349.82 lakhs, supported by proceeds from issue of share capital of ₹2,713.20 lakhs, proceeds from long-term borrowings of ₹1,868.05 lakhs, and proceeds from short-term borrowings of ₹2,175.54 lakhs. The closing balance of cash and cash equivalents as per the cash flow statement stood at ₹320.35 lakhs as of March 31, 2026.

Dividend Recommendation

The Board of Directors considered and recommended a final dividend at 10% of fully paid-up capital, amounting to ₹1/- (Rupee One only) per fully paid-up equity share of ₹10/- each for the financial year ended March 31, 2026. The dividend is subject to approval of shareholders at the ensuing Annual General Meeting. If approved, the dividend shall be paid within 30 days from the date of declaration, in accordance with the applicable provisions of the Companies Act, 2013.

Board and Governance Updates

The Board approved several governance-related matters at the meeting. The re-appointment of M/s. Nikhil Mishra and Associates, Chartered Accountants (Firm Registration No. 156107W), as Internal Auditors of the Company for the Financial Year 2026-27 was approved. Additionally, the Board approved the induction of Mr. Vikas Krishnakumar Tanwar, Joint Managing Director, as an additional member of the Management Committee of the Board of Directors with immediate effect. The revised composition of the Management Committee is as follows:

The terms of reference and powers of the Management Committee remain unchanged. The Board also noted and took on record the Statement of Deviation for the year ended March 31, 2026, issued by M/s. JAYAM & Associates LLP, Chartered Accountants.