ObjectOne Information Systems reported a significant contraction in profitability for the fiscal year ended March 31, 2026. The Hyderabad-based IT solutions provider posted a net profit of ₹9.08 lakh, down sharply from ₹84.04 lakh in the previous year.

Financial Performance

The company's total income declined by approximately 19% to ₹1,478 lakh in FY26, compared to ₹1,828.61 lakh in FY25. Revenue from operations, the primary driver of top-line growth, fell to ₹1,450.32 lakh from ₹1,802.41 lakh a year ago.

Operating expenses remained elevated despite the revenue drop. Employee benefit expenses rose to ₹739.67 lakh from ₹637.30 lakh, while other operating expenditure decreased significantly to ₹485.68 lakh from ₹732.24 lakh. Consequently, the operating profit (PBDIT) halved to ₹103 lakh from ₹210 lakh.

What the Numbers Show

The divergence between rising employee costs and falling revenue highlights margin pressure for ObjectOne. While total income dropped by nearly 20%, employee benefit expenses grew by roughly 16%. This structural shift indicates that personnel costs are becoming a larger proportion of the cost base even as the company scales back on other operational expenditures.

Corporate Governance Updates

The Board of Directors has proposed several changes at the upcoming Annual General Meeting scheduled for September 30, 2026:

• Remuneration Revision: The MD and promoter, K. Ravi Shankar Kantamneni, will see his monthly remuneration increase from ₹3 lakh to ₹5 lakh effective October 1, 2026.
• Board Appointments: Mr. Muttuluri Narsimhappa is proposed as an Independent Director for a five-year term. Mrs. Himabindu Kantamneni retires by rotation and offers herself for reappointment.
• Dividend: No dividend was declared for FY26 as the Board opted to conserve resources for future operations.

Objectone Information Systems has announced the e-voting schedule and cut-off date for its thirtieth annual general meeting. The remote e-voting facility will be available from September 27, 2026 to September 29, 2026.

The company fixed the cut-off date for determining voting rights as September 23, 2026. The intimation was issued pursuant to Regulation 44 of the SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 and Section 108 of the Companies Act, 2013.

E-Voting Details

Remote e-voting will commence on Sunday, September 27, 2026 at 9:00 am and conclude on Tuesday, September 29, 2026 at 5:00 pm. Central Depository Services (India) Limited (CDSL) will provide the e-voting services. Members attending the meeting who have not voted remotely may exercise their right to vote by ballot or poll during the AGM.

Meeting Details

The AGM is set for Wednesday, September 30, 2026. The venue is the registered office located at 8-3-988/34/7/2/1 & 2, Kamalapuri Colony, Srinagar Colony Road, Hyderabad-500073. The meeting will commence at 11:00 am.

Book Closure Details

Ravi Shankar Kantamneni, Managing Director, signed the intimation on September 7, 2026.

Board Composition

The current board of directors includes:

Syed Arif Hussain serves as Company Secretary and Compliance Officer, while Ramakrishna Adiraju is the Chief Financial Officer.

Key Appointments

M/s. P Murali & Co are the chartered accountants and auditors for the company. The bankers include ICICI Bank Ltd, Axis Bank, Union Bank of India, and Karur Vysya Bank Ltd. M/s. Aarthy Consultants Private Limited acts as the share transfer agents.