Senthil Infotek Limited passed all eight resolutions proposed at its 32nd Annual General Meeting (AGM) held on September 30, 2026. The meeting, conducted via video conferencing, saw unanimous support for key governance changes and financial approvals.

The company adopted the audited financial statements for FY26, including the balance sheet, profit and loss account, and cash flow statement for the year ended March 31, 2026. Chellamani Pitchandi was re-appointed as a director following his retirement by rotation.

Board restructuring and appointments

Shareholders approved significant changes to the board composition. Sunkara Srivatsava was appointed as Joint Managing Director through a special resolution. Additionally, Gogineni Srinivas and Kolli Murali Krishna were appointed as directors via ordinary resolutions.

Two independent directors were also approved through special resolutions:

• Molugu Sripal Reddy
• Mopperthy Sudheer

The meeting was chaired by Sunkara Srivatsava, the newly appointed Joint Managing Director. Directors present included Chellamani Pitchandi (Managing Director), Surekha Dittakavi and Sarada Dittakavi (Independent Directors), along with the newly appointed non-executive directors Gogineni Srinivas and Kolli Murali Krishna. Dipak Kadel served as Company Secretary and Compliance Officer.

Strategic and administrative updates

A special resolution was passed to alter Clause III(A) of the Memorandum of Association, modifying the company's main objects. This change signals a potential shift in the company's core business activities or scope of operations.

Meeting proceedings and attendance

A total of 27 members attended the meeting through video conferencing. The session commenced at 03:30 pm and concluded at 03:50 pm. Since votes had already been cast through remote e-voting, no show of hands was required. Members who had not voted earlier were given a fifteen-minute window to vote electronically during the meeting.

What the Numbers Show

Voting data reveals a stark divergence in shareholder participation across resolutions. While seven of the eight resolutions received votes from 4,086,712 shares (representing 80.93% of total outstanding shares), Resolution 5 regarding the appointment of Kolli Murali Krishna drew significantly lower turnout. Only 2,969,712 shares voted on this specific item, a drop of 1,117,000 votes compared to other agenda items. This suggests that approximately 27% of the voting base abstained or did not cast votes specifically on this director appointment, despite participating in other matters.

All resolutions were scrutinized by Nishant Darak & Associates, ensuring compliance with the Companies Act, 2013. The results were submitted to BSE Limited for record.

Senthil Infotek Limited reported a net profit of ₹0.62 lakh for the financial year ended March 31, 2026, marking a significant turnaround from the ₹212.69 lakh loss recorded in FY25.

The Hyderabad-based IT services firm filed its 32nd annual report with the Bombay Stock Exchange on September 7, 2026. The results reflect a stabilization in operations after a period of heavy losses driven by asset disposals in the previous year.

Financial Performance

Revenue from operations declined to ₹8.49 lakh from ₹10.85 lakh in the preceding fiscal year. However, the company managed to reduce total expenses drastically to ₹16.55 lakh, compared to ₹226.24 lakh in FY25. This cost discipline was the primary driver behind the return to profitability.

Other income rose sharply to ₹8.79 lakh from ₹2.70 lakh, largely due to higher interest income from deposits. The company reported no exceptional or extraordinary items for the period.

What the Numbers Show

The divergence between operating revenue and other income highlights a shift in the company's earnings structure. With revenue from operations at ₹8.49 lakh and other income at ₹8.79 lakh, non-operating sources now constitute a larger share of total income than core business activities. This suggests that while operational costs have been minimized, the primary engine for current profitability remains interest accruals rather than service sales growth.

Board Appointments and Strategic Shifts

The annual report seeks shareholder approval for several key corporate actions during the upcoming general meeting on September 30, 2026:

• Appointment of Mr. Sunkara Srivatsava as Joint Managing Director for three years, effective September 7, 2026.
• Appointment of Mr. Gogineni Srinivas and Mr. Kolli Murali Krishna as Non-Executive Non-Independent Directors.
• Appointment of Mr. Molugu Sripal Reddy and Mr. Mopperthy Sudheer as Independent Directors for five-year terms.

Additionally, the company proposes altering its Memorandum of Association to explicitly include the development and commercialization of Artificial Intelligence (AI), Machine Learning (ML), Large Language Models (LLMs), and Generative AI products. This strategic pivot aims to align the company's legal objects with emerging technology trends.

Balance Sheet Position

As of March 31, 2026, the company held cash and bank balances of ₹232.56 lakh, up slightly from ₹227.23 lakh in the prior year. Trade receivables increased to ₹20.22 lakh from ₹18.28 lakh. The balance sheet shows no long-term or short-term borrowings, indicating a debt-free position. Total assets stood at ₹267.23 lakh.