MosChip Technologies has announced its audited financial results for the quarter and financial year ended March 31, 2026. The Board of Directors approved the standalone and consolidated financial statements at a meeting held on May 20, 2026. The statutory auditors, S.T. Mohite & Co., issued an unmodified opinion on the results.

Financial Performance

For the financial year ended March 31, 2026, the company reported a consolidated net profit of ₹3,520.43 lakhs, compared to ₹3,335.75 lakhs in the previous year. Total income for the year stood at ₹59,062.84 lakhs, an increase from ₹47,069.82 lakhs in FY25. On a standalone basis, net profit for the year was ₹2,362.92 lakhs, while total income reached ₹52,613.45 lakhs.

The company recognized an exceptional item of ₹581.86 lakhs during the year, representing the impact of the new Labour Codes notified by the Government of India. This amount relates to an increase in gratuity and leave liabilities arising from past service costs.

Operational Highlights

Revenue from operations for the consolidated entity rose to ₹58,514.84 lakhs in FY26 from ₹46,684.19 lakhs in the prior year. Basic earnings per share (EPS) for the year increased to ₹1.83 from ₹1.76 in the previous year. For the quarter ended March 31, 2026, consolidated net profit was ₹794.54 lakhs on a total income of ₹15,554.95 lakhs.

Strategic Initiatives

The company expanded its footprint with key strategic customers in Japan and Korea, alongside continued growth in North America and India. Leadership hires included several VPs for Product Engineering Services across Asia Pacific, Europe, and North America. Additionally, the firm leased an extra 35,000 sq. ft. of office space, bringing total leased space to 150,000 sq. ft.

The Board approved the amalgamation of wholly owned subsidiaries, Softnautics Inc and Softnautics Private Limited, with the company effective April 4, 2025. The Scheme was approved by NCLT on March 26, 2026, and accounted for in FY26 financial statements under the pooling of interests method.

Board Decisions

Alongside the financial results, the Board appointed M/s Gokhale & Co., Chartered Accountants, as internal auditors for the financial year 2026-27. Additionally, the Nomination & Remuneration Committee approved the allotment of 85,604 equity shares to eligible employees upon the exercise of options under various MosChip Stock Option Schemes.

The trading window, which was closed effective April 1, 2026, will remain closed until 48 hours after the conclusion of the board meeting. The intimation was signed by CS Suresh Bachalakura, Company Secretary.

MosChip Technologies Limited has announced the postponement of its 1st Extraordinary General Meeting (EGM) for FY 2026-27, which was scheduled to be held on Tuesday, May 12, 2026, at 05:00 P.M. (IST) via Video Conferencing (VC). The postponement follows directions passed by the Hon'ble Supreme Court of India during a hearing held on May 11, 2026, in a matter relating to certain persons and entities connected with the promoters of the Company. The Company has clarified that it is not a party to the litigation pending before the Supreme Court and is in the process of approaching the court for appropriate relief to convene the EGM. Further updates, including rescheduling of the EGM, are to be intimated to the stock exchanges in accordance with applicable laws and regulations.

Supreme Court Directions: Material Event Disclosure

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, MosChip Technologies has disclosed the following details regarding the Supreme Court directions as a material event:

The dispute pertains to Status Quo orders given earlier by the Supreme Court in a legal dispute between certain persons and entities related to the promoters of the Company and Ras Al Khaimah Investment Authority. The Company has explicitly stated that this disclosure is without prejudice to its rights and contentions in law.

Background: EGM Corrigendum and Agenda

Prior to the postponement, MosChip Technologies had issued a corrigendum dated May 07, 2026, to the original EGM Notice dated April 16, 2026. The corrigendum was necessitated by suggestions and comments received from the stock exchanges pertaining to certain points in the Explanatory Statement annexed to the original EGM Notice. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company published newspaper advertisements on May 08, 2026, in Financial Express (English) and Nava Telangana (Telugu), informing stakeholders of the corrigendum. The primary business before shareholders at the EGM was the approval for issuance of 50,50,686 equity shares on a preferential basis for consideration other than cash to the shareholders of Vayavya Labs Private Limited.

Amendments Made in the Corrigendum

The corrigendum addressed three specific areas of the original EGM Notice. The first amendment expanded Point J to include Senior Management Personnel alongside Promoters, Directors, and Key Managerial Personnel, clarifying that none of these individuals intend to subscribe to any of the equity shares proposed to be issued under the Preferential Issue. The second amendment revised the list of proposed allottees under Point N to include the pre-preferential shareholding of Mr. Shivayogi M. Turmari, covering 67 proposed allottees with a total post-preferential allotment of 50,50,686 shares representing 2.54% of post-issue capital. The third amendment revised Annexure A to include 2,66,939 equity shares allotted to employees as on April 13, 2026, pursuant to the exercise of ESOP, updating the pre and post shareholding pattern on a diluted basis.