Lee & Nee Softwares (Exports) Ltd reported a significant improvement in profitability for the first quarter of FY27, with standalone net profit after tax rising 119% year-on-year to ₹18.48 lakh. This compares to a net profit of ₹9.63 lakh in the same period last year. The company’s total income from operations also expanded by 39%, reaching ₹3.6997 crore against ₹2.6635 crore in Q1FY26.

The quarterly performance reflects stronger operational execution compared to the previous fiscal year’s first quarter. Pre-tax profits before exceptional items stood at ₹24.77 lakh, up from ₹11.29 lakh in the corresponding quarter of FY26. On a sequential basis, net profit after tax increased 77% from ₹10.46 lakh in Q4FY26.

Financial Highlights

On a consolidated basis, the group reported a net profit after tax of ₹14.94 lakh for Q1FY27, compared to ₹8.15 lakh in Q1FY26, marking an 83% year-on-year increase. Consolidated revenue from operations rose 36% to ₹3.9136 crore from ₹2.8703 crore in the prior year’s corresponding quarter.

What the Numbers Show

The divergence between revenue growth and profit expansion suggests improved cost management or margin efficiency during the quarter. While revenue grew by approximately 39%, pre-tax profits more than doubled (119% YoY). This indicates that operating expenses did not scale proportionally with revenue, or that the mix of services delivered carried higher margins compared to the previous year. Additionally, the effective tax rate appears stable, as the percentage drop from pre-tax to post-tax profit remains consistent with prior periods.

The Board of Directors approved the unaudited standalone and consolidated financial results at its meeting held on August 14, 2026. The results were published in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Shareholders of Lee & Nee Software (Exports) Ltd have approved the appointment of M/s. Rasna Goyal & Co. as its secretarial auditor for a term of five consecutive years, covering financial years FY26 through FY30. The resolution was passed via postal ballot, which concluded on August 01, 2026, with overwhelming support from investors, reinforcing the company’s compliance framework under Section 204 of the Companies Act, 2013.

The appointment was formalized in compliance with Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board of Directors initially sought shareholder approval during a meeting held on June 25, 2026. The scrutinizer’s report, issued by Rahul Kanodia of M/s. K K K & Co., confirmed that the voting process was conducted fairly and transparently through remote e-voting facilitated by National Securities Depository Limited (NSDL).

Voting Results

The postal ballot saw significant participation, with votes cast representing approximately 61.90% of the total outstanding shares. Promoters and promoter group members voted unanimously in favor, while public non-institutional shareholders also supported the resolution at a rate of 99.05%. No invalid votes were recorded.

Process Details

The remote e-voting period commenced on July 03, 2026, at 09:00 AM IST and ended on August 01, 2026, at 05:00 PM IST. Physical postal ballot forms were not dispatched, in line with Ministry of Corporate Affairs circulars permitting electronic-only voting. The cut-off date for determining voting eligibility was June 26, 2026, with 28,021 shareholders on record.

M/s. Maheshwari Datamatics Private Limited served as the Registrar and Share Transfer Agent for the process. Rahul Kanodia, Partner at M/s. K K K & Co. (Membership No. 311318), acted as the independent scrutinizer. He unblocked the votes on August 03, 2026, in the presence of two witnesses not employed by the company, ensuring adherence to Secretarial Standard on General Meetings (SS-2).

What the Numbers Show

The near-unanimous support for the appointment highlights strong alignment between the board and shareholders on governance matters. With promoters holding 100% of their polled votes in favor and public non-institutional shareholders supporting the resolution at 99.05%, the outcome reflects broad consensus on the selection of M/s. Rasna Goyal & Co. (Membership No. 9096, COP No. 9209) for this critical compliance role.