Response Informatics Limited held its 29th Annual General Meeting on Tuesday, September 29, 2026, via Video Conferencing and Other Audio Visual Means, with 72 members in attendance.

The meeting commenced at 3:30 pm IST and concluded at 4:20 pm IST, including time allowed for e-voting at the AGM. The Company Secretary welcomed members, briefed them on the question-and-answer process, and confirmed that statutory registers and documents required under applicable laws were made available for inspection. Managing Director Subramaniyam Seetha Raman chaired the meeting and addressed the members.

Directors and key personnel present

The following directors were present at the meeting:

Key managerial and other personnel in attendance included:

• Ramakrishna Prasad Makkena, Chief Financial Officer
• Ashwini Mangalampalle, Company Secretary
• Sreedhara Chowdhary, Manager - Finance
• Sreelekha S, representing Statutory Auditors M Anandam & Co
• Vanitha N, representing Secretarial Auditor P.S. Rao & Associates
• Jineshwar Kumar Sankhala, Scrutinizer

Resolutions transacted

Remote e-voting commenced at 9:00 am on Friday, September 25, 2026, and concluded at 5:00 pm on Monday, September 28, 2026. The following resolutions were transacted at the AGM:

Scrutinizer and voting process

Jineshwar Kumar Sankhala, Practicing Company Secretary (M.No. A21697; CP No. 18365), was appointed as the Scrutinizer to scrutinize votes cast through remote e-voting and insta-poll and to submit a consolidated report. The AGM remained open for an additional 15 minutes post-proceedings for e-voting before concluding.

The Chairman authorized Ashwini Mangalampalle, Company Secretary, or Ramakrishna Prasad Makkena, CFO, severally, to receive the Scrutinizer's consolidated report, declare results, and submit the same to the stock exchange within prescribed timelines. The results and reports are also to be uploaded on the company's website and on the website of Central Depository Services Limited.

Response Informatics reported a 70% year-on-year increase in standalone net profit for the financial year ended March 31, 2026. The company posted a net profit of ₹32.57 lakh compared to ₹19.12 lakh in the previous fiscal year.

Consolidated revenue from operations declined by 21.6% to ₹2,630.97 lakh, down from ₹3,358.14 lakh in FY25. However, consolidated net profit remained relatively stable, rising slightly by 1.5% to ₹183.74 lakh from ₹180.95 lakh in the prior year.

Financial Performance

The standalone revenue from operations contracted by 8.7% to ₹879.63 lakh from ₹963.37 lakh in FY25. Despite the decline in top-line growth, the company managed to improve its bottom line significantly through cost controls and other income contributions.

Other income played a pivotal role in the financial results. Standalone other income surged 234.3% to ₹52.06 lakh from ₹15.57 lakh in the previous year. This was primarily driven by foreign exchange gains and interest income.

What the Numbers Show

A significant portion of the standalone profit growth is attributable to non-operating factors rather than core operational efficiency. While revenue declined, other income more than tripled, contributing substantially to the total income. In the standalone books, other income of ₹52.06 lakh constituted approximately 5.9% of total income, up from 1.6% in the prior year. This divergence suggests that the improvement in net profit was driven largely by favorable forex movements and interest income, masking the contraction in core staffing and consultancy revenues.

Corporate Actions and Governance

The company’s 29th Annual General Meeting (AGM) is scheduled for September 29, 2026. Shareholders will vote on several special business items, including the ratification of related-party transactions with entities such as Ariston Tek Inc, Technologia Corporation, and Highdata Software Corporation. These transactions involve back-office support and recruiting services, with proposed values capped at ₹2 crore per annum for most entities.

Additionally, the Board recommended no dividend for FY26. The paid-up equity share capital stood at ₹844.75 lakh, comprising 84,47,502 equity shares. The company had previously allotted 2,58,000 convertible warrants to promoters, which were subsequently converted into equity shares during the year.

Auditor’s Report and Compliance

Statutory auditors M/s. M. Anandam & Co. issued an unqualified opinion on the standalone and consolidated financial statements. However, the auditors noted certain arrears in undisputed statutory dues, specifically Employees’ Provident Fund (EPF), outstanding for more than six months. The Board attributed this delay to insufficient cash flows and working capital shortages.

The secretarial audit report highlighted minor delays in filing e-forms with the Registrar of Companies, which management has committed to rectifying in future filings.