NewJaisa Technologies Limited reported a net loss of ₹17.42 crore for the financial year ended March 31, 2026, a significant increase from the net loss of ₹1.13 crore in the previous year. The company's revenue from operations declined 38% to ₹40.49 crore from ₹65.66 crore in FY25, primarily due to Amazon India discontinuing its refurbished electronics marketplace in March 2025, which previously accounted for 60% of the company's revenue. The steepening losses were driven by a one-time inventory write-off of ₹12.38 crore, which accounted for 71% of the net loss.

The Board of Directors approved the audited financial results for FY26 on May 27, 2026. The results were audited by Abhilashi & Co., Chartered Accountants. The company's statutory auditors issued an unmodified opinion on the financial statements.

Financial Performance

The inventory write-off consisted of old-aged systems, spare parts, and components that became obsolete following a rapid shift in customer demand toward higher-configuration machines. Consequently, the EBITDA turned negative to ₹16.58 crore from a positive ₹0.69 crore in the prior year. The company noted that the Gross Margin, excluding the write-off, remained stable at 36% compared to 35% in FY25.

In response to the marketplace closure, the company shifted its strategy to a multi-channel model including B2B corporate sales, distribution partnerships, and direct website sales. The company sold 23,506 units in FY26, comprising 13,920 laptops and 9,586 desktops, compared to 49,850 units in FY25.

Strategic Initiatives

NewJaisa detailed several strategic initiatives underway to stabilize operations. The direct-to-consumer website has become a primary revenue channel with over 1 million monthly active users. The company received R2v3 Certification, placing it among the top 5 refurbishers in India, and implemented a 10-step refurbishment process with AI-driven diagnostics. To align with the new operating model, the company completed headcount rationalisation, reducing operating fixed costs by approximately 46%.

Balance Sheet and Cash Flows

Total assets decreased to ₹72.36 crore as of March 31, 2026, from ₹94.53 crore a year earlier. Total equity stood at ₹57.60 crore, down from ₹78.00 crore in FY25. The company reduced its total debt by 4% to ₹11.98 crore. Cash and bank balances stood at ₹15.65 crore, compared to ₹18.81 crore in the previous year.

The company reported that funds raised via a preferential issue of equity shares on August 7, 2024, amounting to ₹29.81 crore, were utilized for capital expenditure and general corporate purposes with no deviation from the stated objects. Outstanding long-term borrowings reduced to ₹0.53 crore by the end of FY26 from ₹1.57 crore at the start of the year.

Newjaisa Technologies Limited has disclosed its related party transactions for the period ending March 31, 2026 (Q4FY26), revealing payments to key managerial personnel and sales to a group entity. The filing, submitted to the National Stock Exchange of India Limited (NSE-Emerge), details remuneration, reimbursements, and business transactions undertaken during the reporting period. The disclosure is mandated under Regulation 23(9) of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The transactions primarily involve remuneration for the company's top executives. Vishesh Handa, Managing Director and Promoter, received remuneration of ₹708,990.00 during the period against an approved limit of ₹1,20,00,000. Mukunda Raghavendra, Whole Time Director and Promoter, was paid ₹429,310.00. Ashish Nirmal, the Chief Financial Officer (CFO), received the highest remuneration among the disclosed figures at ₹1,476,289.40 against an approved limit of ₹1,00,00,000. Gurprit Kaur, the Company Secretary, received ₹150,000.

Reimbursements and Other Transactions

Beyond fixed remuneration, the company recorded reimbursements for specific expenses. Vishesh Handa received a reimbursement of ₹26,182 for business use, classified as an unsecured transaction. Ashish Nirmal received a reimbursement of ₹59,119 against electricity payments. Additionally, the company engaged in sales of goods with a group entity, Vanhsya Entreprises LLP, recording a transaction value of ₹1,310,221.19 for the sale of laptops.

Financial Breakdown of Transactions

The following table summarizes the key related party transactions disclosed for the period:

The disclosure confirms that all transactions were entered into in the ordinary course of business and are subject to audit committee oversight. The information has been made available on the company's website.