MosChip Technologies Limited disclosed the voting results of its 27th Annual General Meeting (AGM) held on September 29, 2026. All business transacted at the meeting was passed with the requisite majority.

The company filed the disclosure with the stock exchanges pursuant to Regulation 30 and Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting was conducted through Video Conferencing (VC) and Other Audio Visual Means (OAVM).

Key Resolutions Passed

Two ordinary resolutions were put to vote during the AGM:

1. Adoption of Financial Statements: To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements for the year ended March 31, 2026, along with the reports of the Board of Directors and Auditors.
2. Director Re-appointment: To appoint Mr. Vinayendra Parvathaneni as a Director in place of himself, who retired by rotation under Section 152(6) of the Companies Act, 2013.

Voting Breakdown

The scrutinizer’s report, prepared by B S S & Associates, Company Secretaries, detailed the votes cast in favour and against each resolution. The total number of shareholders on record was 378,780. No promoters or public shareholders attended physically; participation was limited to e-voting and video conferencing.

What the Numbers Show

Promoter and Promoter Group holdings constitute a significant portion of the voting power, casting 63,531,739 votes in favour across both resolutions. This represents approximately 83.11% of their total shareholding of 76,444,928 shares. The remaining support came from institutional and non-institutional public shareholders, who voted overwhelmingly in favour, with only a negligible number of dissenting votes recorded against both items.

The low turnout from the public category, particularly non-institutions where only about 2.84% of held shares were voted, suggests that the outcome was largely determined by promoter participation and institutional proxies.

MosChip Technologies Limited reported revenue from operations of ₹585.15 crore for FY26, marking a 25.34% year-on-year increase from ₹466.84 crore in FY25. Profit before tax (PBT) rose to ₹41.58 crore in FY26 from ₹33.53 crore in the previous fiscal year.

The company disclosed these figures during its 27th Annual General Meeting held on September 29, 2026, via Video Conferencing. The meeting concluded with the adoption of audited financial statements for FY26 and the reappointment of a director retiring by rotation. Proceedings commenced at 5:00 pm and ended at 6:31 pm, with a quorum of 48 members attending through the virtual platform.

Financial performance and growth trajectory

MosChip has demonstrated consistent growth over the past five years. Revenue expanded from ₹105.2 crore in FY21 to ₹585 crore in FY26, achieving a compound annual growth rate (CAGR) of 41% since FY22.

The company added 12 new customers during FY26, expanding its customer base to include markets in Australia, Europe, Japan, and South Korea. Leadership teams in Engineering, Business Development, and Operations were further strengthened during the period.

Key operational highlights

MD and CEO Srinivasa Rao Kakumanu presented an overview of operational performance, highlighting several strategic milestones:

• Delivered a custom System-on-Chip (SoC) to ISRO's Space Application Centre (SAC) for India's Satellite Navigation Program.
• Collaborated with EMASS on silicon implementation for its Edge AI SoC.
• Involved in approximately 100 tape-outs across legacy and advanced technology nodes.
• Secured project wins for the Product Engineering BU from two Fortune 500 companies ranked in the top 50.
• Progressed on an indigenous High Performance Computing (HPC) processor in 5nm technology for C-DAC, in collaboration with Socionext, with tape-out imminent.
• Taped out the indigenous smart energy meter IC (VIDYUT) under the Design Linked Incentive (DLI) scheme, with promising initial bring-up results.

Governance and attendance

Chairman K. Pradeep Chandra presided over the session, ensuring compliance with Section 103 of the Companies Act, 2013. Shareholders adopted standalone and consolidated audited financial statements for the year ended March 31, 2026. Vinayendra Parvathaneni, who retired by rotation, was reappointed as director.

The board maintained full attendance, with key committee chairpersons present to address shareholder queries regarding audit and remuneration matters.

Voting was conducted through remote e-voting and electronic voting during the meeting. M/s. B S S & Associates served as the scrutinizer. The consolidated results were scheduled for announcement within two working days from the conclusion of the AGM.

Industry outlook and future priorities

The company noted that the global semiconductor industry is witnessing strong demand driven by Artificial Intelligence, IoT, 6G, autonomous mobility, high-performance computing, and data centres. Market research cited in the presentation estimates the global semiconductor market could reach $2.3 trillion by 2030, growing at a CAGR of 19%.

Looking ahead, MosChip plans to deepen relationships with strategic customers, expand its presence in international markets, and scale its Product Engineering Services and Turnkey ASIC businesses. The company remains focused on execution discipline, operational efficiency, and prudent capital allocation.

What the Numbers Show

While FY26 revenue growth of 25.34% represents a deceleration from the 58.50% growth recorded in FY25, the absolute increase of ₹118.31 crore is significant. The PBT margin improved slightly, rising from approximately 7.2% in FY25 (₹33.53 Cr on ₹466.84 Cr revenue) to roughly 7.1% in FY26 (₹41.58 Cr on ₹585.15 Cr revenue), indicating stable profitability despite the shift in growth velocity. The addition of 12 new customers suggests continued diversification of the revenue base beyond existing key accounts.