Naapbooks reported a standalone net profit of ₹8.30 crore for the financial year ended March 31, 2026, an increase of 85% from ₹4.48 crore in the previous year.

The Ahmedabad-based IT services and SaaS company delivered robust top-line growth, with revenue from operations rising 44% to ₹17.55 crore. This performance underscores the scalability of its product-led model, which includes visitor management solutions and compliance technology platforms.

Financial Performance

Revenue growth was accompanied by significant margin expansion. The net profit ratio improved to 47.30% from 36.78% in FY25. Earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at ₹11.86 crore, reflecting a strong operating margin of 63.87% compared to 53.28% in the prior year.

Basic and diluted earnings per share rose to ₹7.66 from ₹4.70. The Board did not recommend any dividend for the year, opting to retain earnings to fund future growth initiatives.

What the Numbers Show

Development expenses accounted for ₹3.60 crore, representing roughly 21% of total revenue. This heavy investment in intangible assets under development—totaling ₹25.08 crore on the balance sheet—signals a strategic shift toward capitalizing product creation costs rather than expensing them immediately. This approach supports long-term asset accumulation but requires monitoring of future amortization schedules.

Strategic Developments

The company advanced its GovTech initiatives by submitting a Detailed Project Report and delivering a live demonstration of its e-Notary Platform to the Government of Gujarat. Internationally, it commenced early deployments of its VizMan visitor management system in Ghana and Nigeria.

Naapbooks also launched FlowShift, an enterprise data-validation suite, during the year. The balance sheet remains debt-light, with a debt-equity ratio of just 0.03. Shareholders' funds strengthened to ₹44.69 crore as at March 31, 2026.

Naapbooks Limited has scheduled its 9th Annual General Meeting for Wednesday, September 30, 2026, at 12:00 pm. The meeting will convene at the company's registered office in Ahmedabad to adopt financial statements for FY26 and approve key governance resolutions.

Shareholders will consider the reappointment of Mr. Ashish Jain as a director liable to retire by rotation. The Board recommends his reappointment based on performance evaluation by the Nomination and Remuneration Committee. Mr. Jain holds 12,00,384 equity shares, representing 11.08% of the company's capital as of March 31, 2026.

Related-Party Transaction Approvals

The agenda includes seeking shareholder approval for material related-party transactions with three entities for FY27. These transactions require approval under Section 188 of the Companies Act, 2013, as they exceed the threshold of ₹121.83 lakh or 10% of annual consolidated turnover.

The company seeks to cap aggregate transactions with Proex Advisors LLP at ₹15 crore. Proex Consulting is capped at ₹5 crore, and Sanchal Projects Private Limited is capped at ₹5 crore. All transactions will be conducted at arm's length in the ordinary course of business.

Proex Advisors LLP involves IT services, loans, and property leasing. Proex Consulting focuses on IT and digital engineering services. Sanchal Projects covers IT services, interior architecture, and furniture purchases.

What the Numbers Show

The disclosure reveals a significant concentration of related-party exposure with entities linked to Director Ashish Jain. Between Proex Advisors LLP and Proex Consulting, the potential transaction value reaches ₹20 crore, accounting for 80% of the total ₹25 crore related-party cap. Notably, Proex Advisors LLP already has ₹1128.76 lakh in advances paid or received, indicating substantial existing financial interdependence before the new fiscal year begins.

Voting and Logistics

Voting will be conducted via physical poll using Form MGT-12, as the company is not obligated to offer e-voting under Section 108 of the Companies Act, 2013. The record date for voting eligibility is Saturday, September 19, 2026. Promoters and related parties are required to abstain from voting on the related-party transaction resolutions.

The company dispatched the notice and integrated annual report electronically to registered email addresses. Physical intimation letters with QR codes were sent to members without registered emails or mobile numbers.