R S Software (India) Limited shareholders have approved the adoption of its audited financial statements for the fiscal year ended March 31, 2026, alongside the re-appointment of key board members, during its 38th Annual General Meeting held on July 23, 2026. The meeting, conducted via video conferencing and other audio-visual means in compliance with Ministry of Corporate Affairs circulars, saw strong support from investors, with all four resolutions passed with requisite majorities. The outcomes reinforce continuity in leadership and governance as the company moves forward.

The meeting commenced at 11:30 AM and concluded at 1:29 PM, chaired by Chairman Rajasekar Ramaraj. Seventy-five members attended the virtual session, which included five directors, the Chief Financial Officer & Company Secretary Vijendra Kumar Surana, the statutory auditor, secretarial auditor, and scrutinizer Mohan Ram Goenka of MR & Associates. The statutory auditor’s report on the standalone and consolidated financial statements contained no qualifications or adverse observations regarding financial transactions.

Shareholders voted on four items of business. The first ordinary resolution concerned the adoption of the audited standalone and consolidated financial statements for FY26. This resolution received 99.89% assent, with 11,099,467 votes in favor out of a total of 11,111,306 votes cast. Only 11,839 votes were cast against the resolution.

The second and third ordinary resolutions pertained to the re-appointment of directors retiring by rotation. Rajasekar Ramaraj was re-appointed as a director with 99.89% support, while Richard Nicholas Launder also received 99.89% support for his re-appointment. In both cases, interested parties’ votes were excluded from the count as per regulatory requirements.

The fourth item was a special resolution for the re-appointment of Rajnit Rai Jain as Chief Executive Officer & Managing Director. This resolution passed with 97.80% support, securing 530,495 votes in favor against 11,939 dissenting votes. The votes of Mr. Rajnit Rai Jain and Mrs. Sarita Jain were excluded as they were interested in the resolution. All resolutions were deemed passed on July 23, 2026, subject to the receipt of the requisite majority.

rs software reported a standalone net loss of ₹754.13 lakh for the quarter ended June 30, 2026, widening from a net loss of ₹310.10 lakh in the corresponding period of the previous year. Revenue from operations fell to ₹588.49 lakh from ₹777.26 lakh in Q1FY26, while total expenses rose to ₹1,343.97 lakh from ₹1,095.25 lakh. The company's basic and diluted earnings per share (EPS) for the quarter stood at (₹2.92), compared to (₹1.20) in the prior year quarter.

The Board of Directors approved the audited standalone and consolidated financial results for the quarter at its meeting held on July 22, 2026. Chaturvedi & Co. LLP, the statutory auditors, issued an unmodified opinion on the standalone financial results, confirming compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Standalone Financial Performance

The company recorded a loss before tax of ₹754.13 lakh for Q1FY27. Employee benefits expense increased to ₹741.70 lakh from ₹663.74 lakh in the year-ago quarter, while finance costs surged to ₹51.28 lakh from ₹0.87 lakh. Depreciation and amortization expenses also rose to ₹280.30 lakh from ₹124.64 lakh.

Segment Performance

Segment B (Rest of World) contributed the majority of the revenue at ₹533.03 lakh, while Segment A (USA) generated ₹55.46 lakh. However, Segment A reported a loss before tax and interest of ₹331.33 lakh, whereas Segment B reported a profit of ₹55.57 lakh before tax and interest.

Consolidated Results and Auditor's Report

On a consolidated basis, the company reported a net loss of ₹748.20 lakh for the quarter, attributable to shareholders of the company. Total revenue stood at ₹589.84 lakh. The statutory auditors also issued an unmodified opinion on the consolidated financial results, which include the figures of subsidiaries Responsive Solution Inc. and Paypermint Private Limited.

Board Decisions

Alongside the financial results, the Board approved the appointment of M/s. Deoki Bijay & Co. as the new Internal Auditor with effect from August 1, 2026. This follows the resignation of the existing Internal Auditor, M/s. Chaturvedi & Partners, Chartered Accountants.