Iware Supplychain Services revises FY26 results for better presentation

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.

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 Limited has filed a third 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 22, 2026, seeking further clarifications and additional information regarding the company's proposed preferential issue. The corrigendum, dated May 22, 2026, modifies the explanatory statement of the original EGM notice dated April 30, 2026, and the previous corrigendums issued on May 12 and May 19, 2026.

Updates to Valuation and Disclosures

The third corrigendum introduces a disclosure regarding a third 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 the initial, second, and third addendums 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:

Sr. No.	Name of Proposed Allottee	No. of Equity Shares to be Allotted	Post-Issue % of Capital
1.	Vijay Kishanlal Kedia	3,45,600	3.00
2.	Kedia Securities Private Limited	3,45,600	3.00
3.	Ankit Babel	15,000	0.13
4.	Sushant Sushil Dalmia	15,000	0.13
5.	Basu Deo Gupta HUF	15,000	0.44
6.	Mukesh Agarwal	4,800	0.04
7.	Shriram Kondiba Vijapure	4,200	0.04
8.	Saurabh Gokulprasad Khandelwal	4,200	0.04
9.	Nikita Khetan	3,600	0.03
10.	Pathri Sai Krishna	3,000	0.03
11.	Salman Mahmadsalim Shethiya	3,000	0.03
12.	Jainil Avnishbhai Shah HUF	3,000	0.03
13.	Sunil Ranasaria	3,000	0.03
14.	Nitin Agarwal	3,000	0.03
15.	Ayush Jindal	3,000	0.03
16.	Pankaj Jalan	3,000	0.03
17.	Pranav Jalan	3,000	0.03
18.	Ashutosh Modi	3,000	0.03
19.	Monika Bala	2,400	0.02
20.	Dikshita Modi	2,400	0.02
21.	Girisha Maheshwari	2,400	0.03
22.	Dinesh Chandra Agarwal	1,800	0.02
23.	Poonam Raheja	1,800	0.02

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 third corrigendum, along with the first and second corrigendums 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.