Kretto Syscon Limited has returned to profitability for the financial year ended March 31, 2026, reporting a net profit of ₹201.77 lakh compared to a loss of ₹134.77 lakh in the previous year. The board approved the audited standalone financial results for the quarter and year ended March 31, 2026, at a meeting held on May 26, 2026. M/s. Nirav S. Shah & Co., Statutory Auditors, issued an audit report with an unmodified opinion on the financial results.

Financial Performance

Revenue from operations for the full year stood at ₹589.89 lakh, a decrease from ₹1,169.40 lakh in the prior year. For the quarter ended March 31, 2026, the company reported a net loss of ₹38.84 lakh, narrowing from a loss of ₹134.77 lakh in the same quarter of the previous year. Total income for the year was ₹591.59 lakh.

The company's finance costs increased to ₹4.79 lakh for the year from ₹0.04 lakh in FY25. Employee benefits expense rose to ₹14.93 lakh from ₹18.20 lakh. The basic earnings per share (EPS) for the year improved to ₹0.03 from a negative ₹0.02 in the previous year.

Balance Sheet and Cash Flows

The company's total assets as of March 31, 2026, were ₹7,079.08 lakh, slightly higher than ₹7,052.83 lakh in the previous year. Equity share capital increased to ₹6,773.44 lakh from ₹6,271.92 lakh. Cash and cash equivalents decreased significantly to ₹18.93 lakh from ₹355.56 lakh at the end of the previous year.

Net cash generated from operating activities for the year was ₹299.31 lakh, compared to a net outflow of ₹329.45 lakh in the previous year. The company utilized ₹570.25 lakh in investing activities and reported a net outflow of ₹65.69 lakh from financing activities.

Regulatory Disclosures

The board also approved the Integrated Filing (Financial) pursuant to SEBI Circular No. SEBI/HO/CFDICFD-PoD-2/CIR/P/2024/LBs dated December 31, 2024. The trading window for dealing in the company's securities, which closed on April 1, 2026, will reopen 48 hours after the declaration of the financial results.

Kretto Syscon Limited conducted a separate meeting of its Independent Directors on March 31, 2026, and formally communicated the outcome to BSE Limited, fulfilling regulatory obligations under SEBI listing requirements and the Companies Act, 2013. The meeting represents a crucial governance exercise designed to ensure independent oversight of the company's board operations and management performance.

Meeting Details and Compliance Framework

The Independent Directors convened for a focused 30-minute session, commencing at 07:30 P.M. and concluding at 08:00 P.M. on March 31, 2026. This meeting was conducted pursuant to Regulation 25(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule IV of the Companies Act, 2013.

Key Agenda Items and Assessments

The Independent Directors addressed three primary areas of evaluation during their deliberations:

Performance Reviews

The directors conducted comprehensive performance evaluations of Non-Independent Directors and assessed the Board of Directors' collective effectiveness. This evaluation process ensures accountability and identifies areas for improvement in board functioning.

Chairperson Assessment

A dedicated review of the Chairperson's performance was undertaken, incorporating perspectives from both Executive and Non-Executive Directors. This multi-dimensional assessment approach provides a balanced view of leadership effectiveness.

Information Flow Evaluation

The Independent Directors assessed the quality, quantity, and timeliness of information flow between Company Management and the Board. This critical evaluation ensures that directors receive adequate information to perform their duties effectively and make informed decisions.

Official Communication and Authorization

The meeting outcome was formally communicated to BSE Limited through proper channels, demonstrating the company's commitment to transparency and regulatory compliance. Managing Director Tushar Shashikant Shah digitally signed the disclosure document on March 31, 2026, at 20:19:57 +05'30', ensuring proper authorization and accountability for the communication.

This separate meeting of Independent Directors reinforces Kretto Syscon Limited's adherence to corporate governance standards and provides stakeholders with confidence in the company's oversight mechanisms.