Seshachal Technologies Limited scheduled a board meeting for September 19, 2026, to evaluate proposals for raising funds. The company aims to augment its financial resources through the issue of equity shares, convertible equity warrants, or other permissible methods.

The meeting will be held at the company's registered office in Hyderabad. Any final decision on the fundraising instrument will require regulatory and statutory approvals, including shareholder consent.

Trading Window Closure

In compliance with SEBI (Prohibition of Insider Trading) Regulations, the trading window for designated persons and their immediate relatives remains closed. The closure began on September 16, 2026, and will continue until 48 hours after the declaration of the board meeting's outcome.

Regulatory Disclosure

The intimation was issued pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Director Rajesh Gandhi signed the disclosure on behalf of the company.

Seshachal Technologies Limited reported a sharp decline in profitability for FY26, with net profit after tax falling 91% to ₹0.16 million (₹1.62 lakh) from ₹1.90 million in the previous year. The drop occurred despite revenue from operations more than doubling to ₹128.53 million from ₹67.40 million.

The company scheduled its 32nd Annual General Meeting (AGM) for September 30, 2026, at 12:00 pm via video conference. Shareholders will vote on the adoption of financial statements and the appointment of Mr. Raj Singh Rawat as Managing Director for five years.

Financial Performance

Revenue growth was driven by increased sales and software support services. However, cost of materials consumed rose significantly to ₹112.67 million, compared to nil in FY25, compressing margins. Employee benefit expenses dropped sharply to ₹5.47 million from ₹63.71 million, while administrative charges increased tenfold to ₹10.01 million.

Balance Sheet Highlights

Total assets decreased to ₹76.66 million from ₹105.35 million, primarily due to a reduction in closing work-in-progress inventory to ₹64.21 million from ₹83.90 million. The company cleared its short-term borrowings of ₹6.23 million, resulting in zero borrowings as on March 31, 2026. Cash and cash equivalents improved to ₹5.17 million from ₹1.24 million.

Corporate Governance

Mr. Prabhaker Reddy Aedla resigned as Managing Director and CFO effective April 23, 2026. Mr. Raj Singh Rawat was appointed as Additional Director designated as Managing Director and CFO on the same date. His formal appointment for a five-year term is subject to shareholder approval at the upcoming AGM. Mr. Manish Kumar Jain resigned as an Independent Director in May 2026.

The Secretarial Audit Report noted that the appointment of Mr. Nilesh Sharma as an Independent Director did not appear to conform to eligibility criteria under Section 149(6)(e) of the Companies Act, 2013, as he was an employee of the company during FY24-25.

Related Party Transactions

The company disclosed arm's length transactions with related parties, including purchases from Think Big Enterprises Private Limited (₹4.68 million) and Flora Corporation Limited (₹66.69 million). Mr. Rajesh Gandhi, a director of Seshachal Technologies, holds directorships in both entities.