Madala Holdings Limited shareholders approved a revision in the remuneration payable to Managing Director Aravind Kumar Madala and the continuation of Non-Executive Director Subbiah Srinivasan Battina. These resolutions were passed during the company's 36th Annual General Meeting held on September 30, 2026.

The meeting, which commenced at 10:00 am and concluded at 10:44 am IST, addressed key governance matters under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The approvals ensure continuity in leadership and compliance with statutory age limits for directors.

Remuneration revision for managing director

The shareholders approved the revision in remuneration for Aravind Kumar Madala, effective March 1, 2026. Madala serves as the Managing Director of the company and holds no shareholding in Madala Holdings. He also serves as a Non-Executive Director at Covance Softsol Limited.

Continuation of non-executive director

The meeting approved the continuation of Subbiah Srinivasan Battina as a Non-Executive Director following his attainment of the age of 75 years. This approval was necessary for his re-appointment upon retirement by rotation, effective September 30, 2026. Battina is a practicing Chartered Accountant with extensive experience in statutory and internal audits.

Battina holds multiple independent directorships and committee memberships at Covance Softsol Limited, including serving as Chairman of the Audit Committee. Both directors confirmed they are not debarred from holding office by SEBI or any other statutory authority.

Madala Holdings reported a sharp decline in profitability for the financial year ended March 31, 2026, with net profit falling 68.7% year-on-year to ₹27.06 crore. This significant drop occurred despite an 8% increase in revenue from operations to ₹137.66 crore.

The deterioration in bottom-line figures was primarily driven by a reversal in other income, which swung from a positive contribution of ₹59.27 crore in the previous year to a negative impact of ₹16.90 crore in FY26. This volatility in non-operating income overshadowed the modest growth in core business activities.

Financial Performance Overview

The company's revenue from operations grew to ₹137.66 crore in FY26, up from ₹127.42 crore in FY25. However, total income contracted significantly to ₹120.76 crore due to the adverse movement in other income. Total expenses remained relatively stable at ₹75.17 crore, compared to ₹74.68 crore in the prior year.

Profit before tax dropped by 59.3% to ₹45.59 crore. The effective tax rate for the period stood at approximately 49%, reflecting the impact of permanent differences and deferred tax adjustments on the reduced profit base.

What the Numbers Show

A critical divergence exists between the company's operating performance and its overall profitability. While revenue from operations expanded by 8%, indicating stable or growing demand for its real estate leasing services, the net profit collapsed by nearly 70%. This disconnect highlights the company's heavy reliance on investment returns and other income streams, which turned negative this year, rather than consistent operational cash flows.

Corporate Developments

During the year under review, the company changed its name from SoftSol India Limited to Madala Holdings Limited, effective February 9, 2026. The Board also appointed Aravind Kumar Madala as Managing Director with effect from September 1, 2025. Shareholders are set to vote on a revision of his remuneration at the upcoming Annual General Meeting scheduled for September 30, 2026.

The Board has not recommended any dividend for the financial year. The company continues to focus on evaluating the redevelopment potential of its property located in Madhapur, Hyderabad, aiming to enhance long-term shareholder value.