Orchasp Limited returned to profitability for the financial year ended March 31, 2026, posting a net profit of ₹105.20 lakh compared to a net loss of ₹1,052.35 lakh in the previous year. Revenue from operations for FY26 stood at ₹2,125.62 lakh, a marginal increase from ₹2,108.27 lakh in FY25. The company’s Board of Directors approved the audited financial results for the fourth quarter and the full year during a meeting held on May 27, 2026.

The turnaround was driven by a significant reduction in total expenditure, which decreased to ₹2,413.68 lakh in FY26 from ₹3,213.82 lakh in the prior year. Employee benefit expenses accounted for the largest portion of costs at ₹2,213.11 lakh, while other expenses were contained at ₹192.94 lakh. For the quarter ended March 31, 2026, the company recorded a net profit of ₹11.19 lakh on a total income of ₹547.58 lakh.

Financial Performance

The company’s earnings per share (EPS) for the year improved to ₹0.03 from a loss of ₹0.42 per share in the previous year. Paid-up equity share capital increased to ₹6,928.51 lakh as of March 31, 2026, up from ₹6,391.01 lakh a year earlier. Other equity reserves also grew to ₹5,252.33 lakh from ₹4,824.63 lakh.

Audit Qualifications

JMT & Associates, the statutory auditors, issued a qualified opinion on the standalone and consolidated financial results. The qualifications highlight three key areas of concern. The auditors noted the carrying value of investments amounting to ₹6,825 lakh held in the wholly-owned subsidiary Cybermate International, Unipessoal, LDA, located in Portugal. This subsidiary has been non-operational for over five years and faces a notice for cancellation of its Certificate of Incorporation due to non-compliance with statutory filings. The company has transferred these investments to a new subsidiary, Orchasp Inc, in the USA, but auditors stated they could not comment on the appropriateness of the carrying value due to insufficient information.

Additionally, the auditors pointed out that trade receivables and trade payables have been outstanding for more than six months. In the absence of confirmations, the auditors were unable to determine the extent to which these balances are recoverable or payable. The company attributed the delays to adverse market conditions and liquidity constraints.

Statutory Compliance

The third qualification pertains to the non-payment of Tax Deducted at Source (TDS) and other statutory dues up to March 31, 2026. The auditors noted that the company had not cleared these liabilities. Management stated that the delay was due to temporary liquidity constraints and that steps are being taken to regularize the outstanding dues. The company has also disclosed that it is in the process of completing compliance for the transferred investments in accordance with accounting principles and regulations.

Orchasp Limited has submitted its quarterly compliance certificate to stock exchanges, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The submission was made on April 11, 2026, by Managing Director and CFO P. Chandra Sekhar.

Regulatory Compliance Submission

The company filed its compliance certificate under Regulation 74(5) of SEBI (DP) Regulations for the quarter ended March 31, 2026. The certificate was prepared and signed by Aarthi Consultants Private Limited, which serves as the company's registrar and share transfer agents based in Hyderabad.

Compliance Confirmations

The certificate confirms that Aarthi Consultants Private Limited has complied with required actions within 15 days of receipt of security certificates from depository participants for dematerialization purposes. The registrar confirmed completion of the following compliance activities:

• Securities comprised in dematerialized certificates are listed on stock exchanges where earlier issued securities are listed
• Mutilation and cancellation of security certificates forwarded by participants
• Substitution of depository name as registered owner in company records

Corporate Details

OrchASP Limited operates under CIN L72200TG1994PLC017485 and trades on stock exchanges with scrip code 532271 and symbol 'ORCHASP'. The compliance certificate was digitally signed by P. Chandra Sekhar, who holds the position of Managing Director and CFO with DIN 01647212.

Aarthi Consultants Private Limited, the registrar handling the compliance, operates as a Category I Registrars & Share Transfer Agents with SEBI registration number INR000000379. The certificate was signed by Jagan Mohan Gobburi in his capacity as Compliance Officer.