Niks Technology has adjourned its board meeting originally scheduled for September 4, 2026, and rescheduled it for Tuesday, September 8, 2026. The meeting will continue to evaluate a proposal for raising funds through the issuance of equity shares, warrants, or other securities.

The company informed the BSE Limited that the Board of Directors will convene at its registered office in Patna to consider and transact business related to capital raising. This intimation supersedes the earlier notice dated September 1, 2026, regarding the September 4 meeting.

Key Agenda Items

The agenda for the rescheduled meeting remains unchanged from the initial proposal:

• Evaluate the proposal for issuing one or more instruments, including equity shares and warrants convertible into equity shares.
• Consider convening a General Meeting of members to seek shareholder approval for the fund-raising proposal.
• Address any other matter with the permission of the Chair.

Regulatory Compliance

The fund-raising is subject to necessary approvals from shareholders and other statutory or regulatory authorities as may be required under the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The intimation was submitted pursuant to Regulation 29 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Manish Dixit, Managing Director of Niks Technology, signed the intimation letter addressed to the Corporate Relation Department of BSE Limited.

niks technology reported a 55% decline in net profit to ₹20.38 lakh for the financial year ended March 31, 2026, compared to ₹45.05 lakh in the previous year. Revenue from operations for the year dropped 23% to ₹689.71 lakh from ₹900.95 lakh in FY25, primarily driven by the Drone Spray Services segment. The company's Board approved the audited financial results during a meeting held on May 29, 2026.

Financial Performance

The company's total income for the year stood at ₹690.17 lakh, down from ₹909.29 lakh in the previous year. Total expenses decreased to ₹662.69 lakh in FY26 from ₹844.98 lakh in FY25. Profit before tax for the year was ₹27.48 lakh, a significant decrease from ₹64.31 lakh in the prior year. The basic earnings per share (EPS) for the year declined to ₹4.08 from ₹9.74 in the previous year.

For the half-year ended March 31, 2026, the company reported a net profit of ₹7.09 lakh on revenue of ₹158.65 lakh. In comparison, the half-year ended March 31, 2025, saw a net profit of ₹17.41 lakh on revenue of ₹397.88 lakh.

Segment Reporting

Revenue from the Drone Spray Services segment, the primary business vertical, stood at ₹689.71 lakh for FY26, compared to ₹734.81 lakh in the previous year. The Drone Parts Sale segment reported no revenue for the current year, down from ₹158.19 lakh in FY25. The segment result for Drone Spray Services was ₹123.80 lakh, while the unallocated expenses amounted to ₹96.32 lakh.

Board Decisions and Disclosures

The Board of Directors approved the re-appointment of M/s. R Shukla & Co. as Internal Auditor for FY 2026-27, based on the recommendation of the Audit Committee. The company also submitted the Integrated Filing (Financial) for the half year and year ended March 31, 2026, confirming that there were no deviations in the use of proceeds, outstanding defaults on loans, or related party transactions requiring disclosure.

Auditor's Report

M/s. Jay Gupta & Associates, the Statutory Auditors, issued an unmodified opinion on the standalone financial results. The auditors confirmed that the results are presented in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and give a true and fair view of the company's financial performance.