prodocs solutions has appointed M/s. KRS AND CO as its secretarial auditor for the financial year 2026-27. The decision was taken by the company's Board of Directors during a meeting held on May 29, 2026. The appointment ensures compliance with the secretarial audit requirements for the upcoming fiscal year.

M/s. KRS AND CO is a peer-reviewed proprietorship firm established by CS Ketan Ravindra Shirwadkar in 2017. Based in Thane, the firm specializes in corporate laws, SEBI and FEMA regulations, IPOs, and listing compliances. The firm possesses the necessary infrastructure and professional staff to provide timely and efficient services.

The board meeting, which commenced at 4.00 p.m. and concluded at 5.20 p.m. on May 29, 2026, also approved the necessary disclosures required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. These disclosures have been submitted to the stock exchanges.

Details of Appointment

The firm's principal, CS Ketan Ravindra Shirwadkar, holds membership number F13938 and Certificate of Practice No. 15386. With over 15 years of experience, the firm offers expertise in compliance audits, corporate governance, and corporate restructuring.

Prodocs Solutions Limited reported a 61% rise in standalone net profit to ₹802.16 lakh for the financial year ended March 31, 2026, compared to ₹498.22 lakh in the previous year. Revenue from operations increased to ₹4,512.90 lakh from ₹4,179.14 lakh in FY25. The board recommended a final dividend of ₹1 per equity share, aggregating to ₹70,50,000, subject to shareholder approval. Additionally, the board approved the formulation of the Prodocs Solutions Employee Stock Option Scheme 2026, covering 3,50,000 equity shares, subject to member approval.

Financial Performance

The company’s consolidated net profit for FY26 stood at ₹1,041.42 lakh. Total income for the year rose to ₹4,678.51 lakh on a standalone basis and ₹5,690.47 lakh on a consolidated basis. Earnings per share (EPS) on a standalone basis were ₹13.56 for FY26, compared to ₹13.89 in the previous year. The statutory auditor, M/s. A K Kocchar & Associates, issued an unmodified opinion on the financial results.

Operational Highlights

Prodocs Solutions operates in the information technology enabled services segment, with geographical presence in India and the USA. The USA market contributed significantly to the revenue, generating ₹4,072.54 lakh in standalone revenue for the year. The company’s cash and bank balance stood at ₹842.56 lakh as of March 31, 2026, up from ₹24.84 lakh in the previous year.

Corporate Governance and Appointments

The board approved the Prodocs Solutions Employee Stock Option Scheme 2026 for eligible employees and directors, including those of subsidiary companies. The scheme is in compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The options correspond to 3,50,000 equity shares of ₹10 each, representing 4.96% of the paid-up share capital as on March 31, 2026, on a fully diluted basis. The pricing formula will be determined by the Compensation Committee, not less than face value and not more than the closing market price on the previous day of the grant. Vested options can be exercised within a period not exceeding one year from the date of vesting. The board also appointed M/s. KRS And Co. as Secretarial Auditors and M/s. Rahul Khubchandani & Co. as Internal Auditors for FY27, and approved the alteration of the Articles of Association.

Key Financial Metrics