Purple Wave Infocom has scheduled its 19th Annual General Meeting for September 25, 2026. The meeting will focus on the adoption of audited financial statements for FY26 and the re-appointment of a retiring director.

The company is also seeking shareholder approval for material related-party transactions (RPTs) totaling up to ₹30 crore for FY27. These transactions involve its group company Purplewave India Private Limited and wholly owned subsidiary Nano Theatre Private Limited.

Agenda Highlights

The ordinary business includes the adoption of standalone and consolidated financial statements for the year ended March 31, 2026. Shareholders will also vote on the re-appointment of Ms. Ananya Singh, who retires by rotation.

Ms. Singh, who holds a Master’s in International Business with Artificial Intelligence from Amity University, has served as a director since May 29, 2024. She attended 12 of 17 board meetings during FY26. Her last drawn remuneration was ₹1,33,333 per month. She holds a negligible shareholding of 9 shares in the company.

Related-Party Transactions

The special business involves two separate resolutions approving RPTs under Regulation 23 of SEBI LODR and Section 188 of the Companies Act, 2013.

Both transactions are expected to exceed the materiality threshold of 10% of turnover. The board approved these limits on August 25, 2026, subject to shareholder consent. The transactions involve the purchase or supply of goods and materials on an arm’s length basis.

Voting and Meeting Details

The meeting will be held via Video Conferencing/Other Audio Visual Means (VC/OAVM). Remote e-voting through CDSL opens on September 21, 2026, at 9:00 am and closes on September 24, 2026, at 5:00 pm. The cut-off date for voting eligibility is September 18, 2026.

Soniya Gupta and Associates, Practicing Company Secretary, has been appointed as the scrutinizer. The results will be declared within two working days of the meeting conclusion.

Purple Wave Infocom posted a net profit of ₹1,342.70 lakh for FY26, a 48.2% increase from the previous year's ₹906.23 lakh. The Pro AV integrator also saw revenue from operations grow by 14.4% to ₹14,610.39 lakh, driven by strong execution across corporate, retail, and government segments.

The company listed on the BSE SME platform in December 2025, raising ₹3,144.96 lakh through an initial public offering (IPO). This capital injection significantly strengthened the balance sheet, with total assets rising by 67.2% to ₹9,381.18 lakh and net worth expanding by 234.6% to ₹5,757.50 lakh.

Financial Performance

Revenue growth was accompanied by notable margin expansion. EBITDA grew by 40.2% to ₹1,975.28 lakh, pushing the EBITDA margin to 13.5% from 11.0% in FY25. Profit before tax (PBT) rose by 47.0% to ₹1,805.24 lakh.

Other income increased significantly to ₹22.21 lakh from ₹7.13 lakh, aided by interest income. Total expenses rose by 11.0% to ₹12,827.37 lakh, reflecting higher purchases and employee benefits but remaining well below the pace of revenue growth.

Balance Sheet & Cash Flow

The IPO proceeds were primarily utilized for capital expenditure and working capital needs. Property, plant, and equipment surged to ₹1,470.43 lakh from ₹99.11 lakh, indicating substantial investment in manufacturing infrastructure. Inventories more than doubled to ₹2,897.87 lakh to support order execution.

Leverage decreased sharply as equity funding replaced debt reliance. The debt-equity ratio improved to 0.29x from 0.86x. Current borrowings stood at ₹1,429.03 lakh, while non-current borrowings were ₹258.66 lakh. Cash and cash equivalents closed at ₹688.04 lakh.

What the Numbers Show

A key divergence in the data is the improvement in receivables efficiency despite revenue growth. Trade receivables remained broadly stable at ₹3,425.45 lakh (vs ₹3,435.22 lakh in FY25), reducing debtor days from 98 to 86 days. However, inventory days nearly doubled from 37 to 72 days, lengthening the cash conversion cycle to 122 days from 74 days. This suggests the company is building stock buffers to meet projected demand rather than facing collection pressure.

Corporate Developments

The company incorporated Nano Theatre Private Limited as a wholly-owned subsidiary on March 30, 2026. No business activities were undertaken by the subsidiary during the year. The Board proposed no dividend for FY26 to augment working capital. Additionally, the company seeks shareholder approval for related-party transactions with Purplewave India Private Limited and Nano Theatre Private Limited up to ₹15 crore each for FY27.