Photon Capital Advisors Limited held its 41st Annual General Meeting on September 21, 2026, in Hyderabad. The meeting concluded with shareholders approving key corporate governance changes, including board appointments and increased borrowing limits.

The meeting commenced at 11:00 am and concluded at 11:30 am at the company’s registered office in Jubilee Hills, Hyderabad. A total of 44 members, including proxies, were present, satisfying the quorum requirements throughout the proceedings.

Key Resolutions Approved

Shareholders approved several ordinary and special business items during the meeting. The primary resolutions included:

• Adoption of the audited financial statements for the fiscal year ended March 31, 2026.
• Appointment of Sreeram Reddy Vanga as Chairman & Managing Director.
• Appointment of Venkatareddy Marella, Navneeth Subramanian, and Arpitha Mettu as Independent Directors.
• Appointment of Palle Lalitha and Venkata Rao Nagakanaka Dhanyamraju as Non-Executive Directors.
• Increase in borrowing limits.
• Approval of loans, guarantees, securities, and investments under Section 186(2) of the Companies Act, 2013.

Employee Stock Schemes

A significant portion of the agenda focused on employee compensation structures. Shareholders approved the Inference Platforms Employee Stock Option Scheme 2026 (INFERENCE ESOS 2026) and the Inference Platforms Employees Stock Purchase Scheme 2026 (INFERENCE ESPS 2026).

The resolutions also covered:

• Extending benefits of both schemes to employees of subsidiary companies.
• Implementation of these schemes through a trust route.
• Granting financial assistance to the trust to fund the acquisition of equity shares.

Governance and Compliance

Mr. Sreeram Reddy Vanga vacated the chair while transacting items related to his own appointment and that of other directors, in compliance with regulatory provisions. Mr. Sharath Kumar Jutur, an Independent Director, chaired these specific segments.

The Company Secretary confirmed that statutory registers were available for inspection. The Chairman noted there were no qualifications in the Statutory Audit Report. Voting was conducted via remote e-voting and physical poll, with results to be declared in consolidation.

Photon Capital Advisors Limited reported its unaudited standalone financial results for the quarter ended June 30, 2026, at a board meeting held on August 08, 2026. The company returned to profitability on a year-on-year basis, posting a net profit of ₹16.11 lakh against a net loss of ₹10.20 lakh in the corresponding quarter of the previous year. The board meeting, which commenced at 05:00 P.M. and concluded at 07:15 P.M., also resolved several significant corporate governance and strategic matters.

Q1FY27 Financial Performance

The company's total income for the quarter ended June 30, 2026, stood at ₹60.29 lakh, a sharp increase from ₹5.85 lakh in Q1FY26. Revenue from operations contributed ₹25.00 lakh, while other income accounted for ₹35.29 lakh. Total expenses for the quarter rose to ₹38.52 lakh from ₹16.05 lakh in Q1FY26, primarily driven by employee benefits expense of ₹20.19 lakh and other expenses of ₹18.05 lakh.

The following table summarises the key financial metrics for the quarter:

Paid-up equity share capital stood at ₹272.07 lakh as of June 30, 2026, with a face value of INR 10 per share. Other equity as of March 31, 2026, was ₹2,496.94 lakh. The results were reviewed by the Audit Committee and approved by the Board of Directors, with a limited review conducted by auditors from S N D J & Co., Chartered Accountants (Firm Regn No: 014929S).

Board Approvals and Corporate Actions

The board approved a wide range of corporate actions at its August 08, 2026 meeting. Key decisions are summarised below:

New Director Profile

Mr. Navneeth Subramanian brings more than 20 years of experience in AI and technology, with leadership roles spanning automotive, semiconductor manufacturing, consumer electronics, and medical technology sectors. He leads AI perception programs at Bosch Japan and previously held senior positions at Canon and GE Research. His areas of expertise include AI inference, computer vision, embedded machine learning, semiconductor inspection systems, automotive ADAS platforms, and medical imaging technologies. Mr. Subramanian is an inventor on multiple U.S. patents and has authored more than twenty scientific publications. He holds no shares in the company and is not related to any other director on the board.

Proposed Name Change and MOA Amendments

The board approved a proposal to rename the company from "Photon Capital Advisors Limited" to "Inference Platforms Limited," contingent on approval from the Central Registration Centre, Ministry of Corporate Affairs, and the company's shareholders. Alongside the name change, the board approved amendments to the main object clause of the Memorandum of Association to encompass businesses in data storage, data protection, IT services, software integration, data hosting, and related technology services. These amendments are also subject to shareholder approval at the ensuing AGM.

Employee Stock Schemes and Fund Utilisation

The board approved two employee benefit schemes — the Inference Platforms Employees Stock Option Scheme 2026 (Inference ESOS 2026) and the Inference Platforms Employees Stock Purchase Scheme 2026 (Inference ESPS 2026) — each contemplating the grant of up to 81,620 options or shares of face value ₹10 each to eligible employees, subject to shareholder approval and compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Under the ESOS, options vest over a minimum of 1 year and a maximum of 2 years from the grant date, with an exercise period of 2 years from vesting completion. Separately, the company disclosed no deviation or variation in the utilisation of funds raised via a preferential issue on March 20, 2026, which raised Rs.19,60,17,500 — comprising Rs.13,88,05,000 through equity shares and Rs.5,72,12,500 through warrants (representing 25% upfront of the total warrant amount of Rs.22,88,50,000).