NIS Management reported a consolidated net loss of ₹185.36 lakh for the financial year ended March 31, 2026, a significant decline from the profit of ₹1,866.68 lakh recorded in the previous year. The company's standalone financial results for the same period also reflected a net loss of ₹509.25 lakh. The performance was adversely impacted by the recognition of exceptional items totaling ₹2,782.01 lakh, which the company attributed to the implementation of new labour codes notified by the Government of India in November 2025.

The board of directors, led by Managing Director Debajit Choudhury, approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, during a meeting held on May 29, 2026. The statutory auditors, KGRS & Co., issued an unmodified opinion on the results. The company noted that the new labour codes, which subsume 29 existing laws, necessitated a reassessment of employee benefits based on actuarial valuation, leading to the one-time provision.

Revenue from operations for the consolidated entity increased to ₹43,340.06 lakh in FY26 from ₹40,217.44 lakh in FY25. On a standalone basis, revenue rose to ₹41,144.29 lakh from ₹37,393.07 lakh in the prior year. Despite the revenue growth, the exceptional items resulted in a profit before tax of ₹(619.72) lakh for the consolidated entity and ₹(1,073.32) lakh for the standalone entity for the full year.

The company's total income for the consolidated year stood at ₹43,669.69 lakh, while total expenses reached ₹41,507.40 lakh. The finance cost for the consolidated year increased to ₹939.11 lakh from ₹878.49 lakh in the previous year. The earnings per share (EPS) on a consolidated basis for the year was ₹(1.04), compared to ₹12.38 in the previous year.

Financial Results for FY26

The following table summarizes the key financial metrics for the standalone entity for the year ended March 31, 2026:

Utilisation of IPO Proceeds

The company provided an update on the utilization of proceeds from its Initial Public Offer (IPO), which aggregated to ₹5,174.82 lakh. As of March 31, 2026, the company had utilized ₹1,483.48 lakh towards the stated objects. The unutilised amount of ₹3,691.34 lakh has been temporarily parked in fixed deposits and current accounts with scheduled banks. The actual issue expenses incurred were ₹694.77 lakh, exceeding the estimated ₹618.97 lakh disclosed in the prospectus.

NIS Management has secured the renewal of work orders from the Reliance Group for housekeeping and electrical services, generating revenue of ₹14.94 crore. The contracts were awarded to seven subsidiaries within the group, covering services such as House Keeping, MEPC Electrical Services, and other ancillary support. The work orders are scheduled to be executed by March 31, 2027.

The subsidiaries awarding the contracts include Reliance Projects & Property Management Services Limited, V-Retail Limited, and Reliance Brands Limited. Other entities involved are Reliance Luxe Beauty Limited, Reliance Brands Eyewear Private Limited, Reliance Ritu Kumar Private Limited, and Reliance Gas Lifestyle India Private Limited.

Contract Details

The disclosure was made to the Bombay Stock Exchange Limited on June 08, 2026, pursuant to Regulation 30 of the Securities and Exchange Board of India (LODR) Regulations, 2015. The company confirmed that the promoter, promoter group, or group companies hold no interest in the awarding entities. Furthermore, the orders do not fall under the ambit of Related Party Transactions.

Managing Director Debajit Choudhury signed the disclosure, viewing the renewal as a testament to the team's dedication and expertise.