ObjectOne Information Systems reported two specific compliance deviations for the financial year ended March 31, 2026, in its Annual Secretarial Compliance Report submitted to BSE. The report, certified by Practicing Company Secretary Manish Kumar Singhania, highlighted a penalty imposed by the exchange regarding the tenure of a director and a delay in regulatory filing by the company's promoters.

The primary deviation involved Ramesh Kode, a Non-Executive Director who continued on the Board after attaining the age of 75 years without the required shareholder approval. BSE imposed a fine of ₹2,17,120 on the company for this violation of Regulation 17(1A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that a special resolution was passed for Kode's appointment at the 29th Annual General Meeting held on September 30, 2025, and argued that it had complied with the regulation.

The second deviation concerned the late submission of a declaration under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company received a notice from BSE for failing to submit the declaration from the promoters within the stipulated seven working days. The promoters eventually submitted the declaration on April 16, 2025, attributing the delay to constant travel and network issues in a remote area.

Compliance Status Overview

Despite these deviations, the report confirmed that the entity complied with the majority of SEBI regulations and circulars during the review period. The status included adherence to Secretarial Standards, maintenance of a functional website, and timely disclosures of events under Regulation 30.

The report also noted that no statutory auditors had resigned during the year, rendering several compliance requirements related to auditor resignation as not applicable. The company confirmed that it had preserved documents as per regulations and conducted performance evaluations for the Board and its committees.

ObjectOne Information Systems Ltd reported a net profit of ₹9.08 lakh for the financial year ended March 31, 2026, a significant decrease from ₹84.04 lakh in the previous year. Revenue from operations for the year stood at ₹1450.32 lakh, compared to ₹1802.41 lakh in FY25. The company's board approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 28, 2026.

For the quarter ended March 31, 2026, the company posted a net profit of ₹51.85 lakh, with revenue from operations at ₹434.24 lakh. The statutory auditors, P. Murali & Co, Chartered Accountants, issued an audit report with an unmodified opinion on the financial results. The auditors noted an emphasis of matter regarding the absence of an actuarial valuation report for estimating gratuity liability, though the opinion remains unmodified.

Financial Performance Summary

The following table outlines the key financial metrics for the quarter and year ended March 31, 2026:

Segment and Operational Details

The company operates in a single segment, IT/ITES. The results were reviewed by the Audit Committee and approved by the Board of Directors. The statement of audited results was prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS). The total equity share capital remained unchanged at ₹105.12 lakh, comprising shares with a face value of ₹10 each.

Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the audited financial results for the quarter and year ended March 31, 2026, were published in Mana Telangana and Business Standard newspapers on May 29, 2026.