Rishi Kajaraia & Sons (HUF) and its Persons Acting in Concert (PACs) increased their stake in Intrasoft Technologies to 13.69% following an open market acquisition of 345,000 shares on August 20, 2026.

The acquisition adds 2.12% to the group’s existing holding, which stood at 11.57% (1,887,994 shares) prior to the transaction. The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Acquisition Details

The acquirer group comprises Rishi Kajaraia & Sons (HUF), Shikha Kajaraia, Salsett Vinimay Private Limited, and Dua Engineering Works Private Limited. The entities are not part of the promoter or promoter group of Intrasoft Technologies.

The total equity share capital of Intrasoft Technologies remained unchanged at 163,116,780 shares following the transaction. All shares acquired carry voting rights, with no encumbrances or convertible securities involved in this specific acquisition.

What the Numbers Show

The open market purchase represents a significant consolidation of interest by a non-promoter entity. By crossing the 13% threshold, the group has strengthened its position as a substantial shareholder, potentially influencing future corporate governance dynamics without triggering an open offer obligation under current SEBI takeover regulations.

Intrasoft Technologies Limited reported a 28.3% decline in consolidated net profit to ₹206.57 crore for the financial year ended March 31, 2026, primarily due to increased tax expenses. Revenue from operations rose 5.3% to ₹53,421.98 crore from ₹50,719.37 crore in the previous year. Total comprehensive income for the year surged 120.3% to ₹3,781.64 crore, driven by a significant increase in other comprehensive income.

The Board of Directors approved the audited standalone and consolidated financial results at its meeting held on May 27, 2026. The statutory auditors, K. N. Gutgutia & Co., issued an unmodified audit report on the results. The company clarified that an inadvertent procedural error led to the initial non-submission of the financial results PDF on the NEAPS portal, though the XBRL format was uploaded on time.

For the quarter ended March 31, 2026, the company reported a consolidated net profit of ₹61.28 crore, a decrease from ₹92.04 crore in the corresponding quarter of the previous year. Revenue for the quarter stood at ₹13,604.74 crore, compared to ₹13,004.00 crore in the prior year. Total expenses for the year increased to ₹51,927.34 crore from ₹49,303.81 crore.

On a standalone basis, net profit for the year increased to ₹89.77 crore from ₹56.61 crore in FY25. Revenue from operations decreased to ₹1,213.23 crore from ₹1,278.46 crore. The company's earnings per share (EPS) on a consolidated basis improved to ₹8.14 for FY26 from ₹7.78 in the previous year.

The Group comprises the parent company and five subsidiaries, including 123Greetings.com, Inc. and 123Stores, Inc. The financial results were prepared in compliance with the Indian Accounting Standards (Ind-AS) prescribed under Section 133 of the Companies Act, 2013.

Consolidated Financial Results (FY26)

Standalone Financial Results (FY26)