Olatech Solutions Limited's Board of Directors approved the audited standalone and consolidated financial results for the financial year ended March 31, 2026. The statutory auditors, M/s. Sachin & Associates, issued an unmodified audit opinion on the results. The Board also appointed Mr. Prasad Manohar Nikam as Internal Auditor for F.Y. 2026-27.

Standalone Financial Performance

On a standalone basis, the company reported revenue from operations of ₹2,660.05 lakhs for the year ended March 31, 2026, compared to ₹2,104.09 lakhs in the previous year. Total revenue stood at ₹2,711.74 lakhs against ₹2,122.78 lakhs in the prior year. Net profit for the year was ₹168.76 lakhs, a decrease from ₹424.10 lakhs in the previous year. The second half of the year recorded a net loss of ₹72.36 lakhs, while the first half reported a net profit of ₹241.12 lakhs.

Consolidated Financial Performance

On a consolidated basis, revenue from operations stood at ₹2,762.54 lakhs for the year ended March 31, 2026. Total consolidated revenue was ₹2,814.27 lakhs. After accounting for a share of loss from the associate company of ₹7.06 lakhs, the net profit transferred to reserves was ₹162.59 lakhs.

Balance Sheet and Cash Flow

The standalone balance sheet as at March 31, 2026 reflects total assets of ₹4,558.61 lakhs. Shareholders' funds stood at ₹1,992.43 lakhs, while total current liabilities increased to ₹2,294.06 lakhs. Inventories expanded to ₹1,505.20 lakhs. The standalone cash flow statement shows net cash from operating activities of ₹37.03 lakhs and net cash used in investing activities of ₹-725.15 lakhs.

Olatech Solutions Ltd. has disclosed the forfeiture of unexercised warrants issued on a preferential basis to a non-promoter investor. The decision was approved by the Board of Directors during a meeting held on Tuesday, May 05, 2026. The warrants, which were allotted to Naved Iqbal, remained unexercised within the prescribed time period, leading to their forfeiture in accordance with SEBI regulations.

The warrants were originally issued under the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. As per the terms of issue, at least 25% of the consideration was received upfront at the time of allotment. The balance consideration was required to be paid at the time of exercise of the option within a period not exceeding 18 months from the date of allotment. Failure to exercise the warrants within this stipulated period results in the forfeiture of the upfront amount paid, as per Regulation 159(2) of the ICDR Regulations.

Details of Forfeiture

The forfeiture involves 9,74,000 warrants, all of which were forfeited as they were not exercised. The issue price per warrant was ₹181, with an upfront payment of Rs. 4,40,73,500. The total amount forfeited is Rs. 4,40,73,500. The details of the forfeiture are outlined in the table below:

Impact and Key Notes

The forfeiture of these warrants will not result in any change to the paid-up share capital of the company, as the warrants were not converted into equity shares. However, the move will lead to a reduction in potential equity dilution. The Board meeting, during which this decision was made, commenced at 04:00 PM and concluded at 04:30 PM on May 05, 2026.

Olatech Solutions Ltd. has ensured compliance with all regulatory requirements, including Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided the necessary details to the BSE SME Platform, where its scrip is listed under the code 543578.