Micropro Software Solutions reported a consolidated net loss of ₹12.90 crore for the financial year ended March 31, 2026, widening from the net loss of ₹18.47 crore recorded in the previous year. Revenue from operations fell 18.5% to ₹188.48 crore from ₹231.19 crore in FY25. The company's Board of Directors approved the audited standalone and consolidated financial statements at a meeting held on May 28, 2026.

The standalone performance reflected a similar trend, with the company posting a net loss of ₹23.24 crore for FY26 compared to a net loss of ₹10.47 crore in the prior year. Standalone revenue from operations decreased to ₹165.19 crore from ₹203.26 crore in FY25. M/s. Anu Bajaj & Associates, Chartered Accountants, the statutory auditors, issued an audit report with an unmodified opinion on the financial results.

Financial Performance

The company operates through two primary business segments: IT Services and Trading of IT products. For the consolidated entity, IT Services revenue stood at ₹148.58 crore, while Trading revenue contributed ₹39.89 crore for the year ended March 31, 2026. The total income for the consolidated entity was ₹199.55 crore, down from ₹248.82 crore in the previous year.

Consolidated Financial Results (₹ in lacs)

Utilization of Issue Proceeds

The company disclosed that there was a delay in the utilization of funds raised through its public issue dated November 8, 2023, compared to the timeline originally mentioned in the prospectus. The total amount raised was ₹3,070.22 lakh. As of March 31, 2026, ₹350.00 lakh remained pending for utilization towards working capital requirements.

Pursuant to a Board Resolution passed on May 28, 2026, the company stated that the unutilized portion of the IPO proceeds shall be fully utilized within the next six months, during the first half of the financial year. The Audit Committee and Board reviewed the Statement of Deviation and Variation, and the auditors confirmed there was no deviation in the utilization of funds for the objects stated in the prospectus.

Micropro Software Solutions Limited has confirmed that no shares held by its promoter group were encumbered during the financial year ended March 31, 2026. This disclosure ensures compliance with regulatory requirements regarding substantial acquisition of shares and takeovers. The declaration was submitted to the National Stock Exchange of India Ltd and the company's Audit Committee.

Sanket Sanjay Mokashi, a member of the promoter group, stated that neither he nor any persons acting in concert created any direct or indirect encumbrance on the shares held in the company during FY26. The confirmation was made in accordance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

The disclosure was addressed to the Manager of the Listing Department at the National Stock Exchange of India Ltd and the Chairman of the Audit Committee of micropro software solutions . The filing serves as an annual declaration required by market regulators to maintain transparency regarding the holdings of key stakeholders.

Regulatory Compliance

The filing explicitly references the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The regulation mandates that promoters disclose any encumbrance on their shares to ensure that the market is aware of any potential changes in the ownership structure or voting rights.

The confirmation from the promoter group member indicates that the shareholding structure remains free from pledged or encumbered shares for the reported period. This information is material for investors assessing the stability of the company's ownership and the risk associated with promoter pledges.