Marushika Technology Limited filed the transcript of its earnings conference call held on May 25, 2026, with the exchanges. The disclosure follows the company's audited standalone and consolidated financial results for the financial year ended March 31, 2026, which reported a 42.5% year-on-year increase in net profit to ₹895.1 Lakhs. Revenue from operations grew 36.6% to ₹11,642.8 Lakhs, driven by robust execution in the second half where revenue rose 39.4% to ₹6,778.8 Lakhs and net profit surged 87.6% to ₹583.9 Lakhs. The company’s operational efficiency improved, with EBITDA for the year rising 48% to ₹1,593.6 Lakhs and the EBITDA margin expanding 105 basis points to 13.7%.

Key Financial Highlights

The strong H2 performance was marked by significant margin expansion, with the EBITDA margin for H2 FY26 increasing 339 basis points to 15.1% and the net profit margin improving 222 basis points to 8.6%.

Management Commentary and Outlook

During the conference call, Monicca Agarwaal, Managing Director, highlighted that the company is strategically positioned at the intersection of high-growth sectors such as data centers, cyber security, and defense modernization. She noted that the auto defense sector, initiated approximately one and a half years ago, has emerged as a promising growth engine. The management expects the new electronics segment in data centers to contribute an additional 15-20% growth to the existing data center business.

Sonika Aggarwal, Executive Director and Chief Financial Officer, attributed the financial performance to a significant increase in service revenue, which rose from ₹1,744 Lakhs in FY25 to ₹4,961 Lakhs in FY26. This revenue was primarily derived from execution, installation, configuration, and technical support services.

Operational Updates and Order Book

The company reported a strong order book exceeding ₹35 Crores as of the current month. Marushika continues to execute key projects, including the Delhi Metro Phase-IV communication systems project valued at approximately ₹31.19 Crore, which is about 58% completed. The company has also entered a strategic partnership with Graymatics India Private Limited to distribute AI-based video analytics solutions, expecting this sector to contribute 5-10% of business in the future. The management emphasized that margins on complete system integration projects with government and PSUs range from 15% to 18%, potentially reaching up to 20%.

Marushika Technology Limited has successfully concluded its postal ballot e-voting process, with shareholders approving a special resolution for the shifting of the company's registered office. The e-voting window closed at 05:00 P.M. on May 08, 2026, which was deemed the date of passing of the resolution. The outcome was communicated to the National Stock Exchange of India Limited on May 12, 2026, in compliance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resolution Approved: Registered Office Jurisdiction Change

The sole agenda item put to vote sought member approval for shifting the registered office of the company from the jurisdiction of the Registrar of Companies, National Capital Territory of Delhi-I to the jurisdiction of the Registrar of Companies, National Capital Territory of Delhi-II. The resolution was classified as a Special Resolution, and the promoter/promoter group was declared as not interested in the agenda. The Postal Ballot Notice was originally dated March 30, 2026, and dispatched to eligible members on April 07, 2026. The cut-off date for determining eligible shareholders was Friday, April 03, 2026, on which date the total number of shareholders stood at 210.

Voting Results at a Glance

The e-voting was conducted through the platform of National Securities Depository Limited (NSDL), which was disabled on May 08, 2026 at 05:00 P.M. The votes were unblocked in the presence of two independent witnesses. A total of 6 members participated in remote e-voting, casting 50,99,694 valid votes, all of which were in favour of the resolution. There were no votes against, and no invalid votes were recorded.

The category-wise voting breakdown for the special resolution is presented below:

Scrutinizer's Report and Process Compliance

The scrutinizer for the postal ballot process was Ajay Kumar (Membership No. ACS-64324), Partner of AASK & Associates LLP, Practicing Company Secretaries, New Delhi. The votes were unblocked on May 08, 2026 at approximately 05:02 P.M. in the presence of two witnesses — Mr. Abhishek Gupta and Ms. Priya Aggarwal — both of whom are not in the employment of the company. The scrutinizer confirmed that all e-voting communications received up to the close of working hours on May 08, 2026 were considered, and the report was generated and scrutinized thereafter.

Key procedural details of the postal ballot process are summarised below:

Outcome and Filing

Based on the scrutinizer's consolidated report, the special resolution for shifting the registered office was passed with the requisite majority in accordance with Section 110 of the Companies Act, 2013 and Rule 22 of the Companies (Management and Administration) Rules, 2014. The results were countersigned by Monicca Agarwaal, Managing Director and Chairperson (DIN: 02718537), and filed with the exchanges on May 12, 2026. The voting results and scrutinizer's report are also available on the company's website at www.marushika.in .