Shradha AI Technologies declared the consolidated voting results for its 37th Annual General Meeting (AGM) held on September 8, 2026. The company confirmed that all four resolutions placed before shareholders were passed with the requisite majority.

The meeting was conducted through video conferencing and other audio-visual means. A quorum of 41 members was present during the session, which commenced at 11:30 am and concluded at 11:55 am. Managing Director Sunil Raisoni presided as Chairman of the meeting.

Voting Participation

As on the cut-off date of September 1, 2026, the company had 16,161 shareholders. A total of 68 shareholders exercised their vote through the remote e-voting process, comprising five from the promoter group and 63 from the public category. Additionally, 41 shareholders attended the meeting via video conferencing to cast their votes electronically during the session.

The total number of votes polled across all resolutions was 42,676,528, representing approximately 70.02% of the outstanding shares held by eligible voters.

Key Resolutions Passed

Shareholders approved several ordinary and special resolutions during the session. The key outcomes included:

Dividend Declaration

The company confirmed a final dividend of ₹0.60 per equity share for the financial year 2025-2026. This represents a dividend yield of 30% on the face value of the shares. The resolution received unanimous support, with all 42,676,528 polled votes cast in favour.

Governance Updates

Mrs. Archana Pankaj Bhole retired by rotation and offered herself for re-appointment, which was approved by shareholders. The resolution saw 42,676,431 votes in favour and 97 votes against. Additionally, Mr. Raunak Gandhi was appointed as an Additional Independent Director through a special resolution, which received 42,676,446 votes in favour and 82 votes against.

Meeting Details

CS Riddhita Agrawal served as the scrutinizer for the e-voting process. Voting results were declared in accordance with the Companies Act, 2013, and SEBI Listing Regulations.

Shradha AI Technologies Limited has scheduled its 37th Annual General Meeting (AGM) for Tuesday, September 8, 2026, at 11:30 am. The meeting will be conducted through video conferencing or other audio-visual means, with the registered office in Nagpur serving as the deemed venue. The primary agenda includes the approval of the final dividend for the financial year ended March 31, 2026.

Dividend Recommendation

During its meeting held on May 26, 2026, the Board of Directors recommended a final dividend of ₹0.50 per equity share of ₹2 face value for FY26. If approved by shareholders at the AGM, the dividend will be paid before October 7, 2026. Shareholders are advised to update their Electronic Clearing Service (ECS) details to receive the payout directly into their bank accounts. As per the Income Tax Act, dividends distributed after April 1, 2020, are taxable in the hands of shareholders, and the company will deduct tax at source (TDS) where applicable.

E-Voting and Book Closure

The company has engaged Central Depository Services Limited (CDSL) to provide remote e-voting facilities. The e-voting period commences on Saturday, September 5, 2026, at 9:00 am and ends on Monday, September 7, 2026, at 5:00 pm. Members holding shares as on the cut-off date of Monday, September 1, 2026, are eligible to vote. CS Riddhiis Agrawal has been appointed as the scrutinizer to oversee the voting process.

Financial Performance Overview

The company reported a profit after tax (PAT) of ₹1,055.29 lakh for FY26, an increase from ₹970.36 lakh in FY25. Revenue from operations rose to ₹1,885.56 lakh from ₹1,479.47 lakh in the prior year. Other income decreased slightly to ₹280.76 lakh from ₹288.20 lakh. Earnings per share stood at ₹1.73 for the current year, compared to ₹1.59 in FY25.

Profit before tax increased to ₹1,398.87 lakh from ₹1,269.55 lakh. Profit before depreciation, finance costs, exceptional items, and tax expense (PBDIT) rose to ₹1,432.27 lakh from ₹1,290.94 lakh. Finance costs increased to ₹12.19 lakh from ₹7.05 lakh, while depreciation rose to ₹21.21 lakh from ₹14.34 lakh.

Segment Performance

The company operates through two segments: IT Hardware and Software Development Services. Software development remained the primary revenue driver, contributing ₹1,858.33 lakh to total revenue, while IT Hardware contributed ₹27.34 lakh, a new addition to the segmental reporting.

The software development segment generated a result of ₹1,269.42 lakh, down from ₹1,322.07 lakh in FY25. In contrast, the IT Hardware segment reported a positive result of ₹3.26 lakh. Unallocable income net of expenditure stood at ₹138.38 lakh, up significantly from ₹52.52 lakh in the previous year.

Balance Sheet and Reserves

Total reserves and surplus declined to ₹5,343.52 lakh as of March 31, 2026, from ₹7,497.48 lakh in the previous year. This reduction was primarily driven by a decrease in the Investment Revaluation Reserve, which fell to ₹1,419.71 lakh from ₹4,263.25 lakh. The surplus in the statement of profit and loss increased to ₹3,084.28 lakh from ₹2,394.71 lakh. Issued, subscribed, and paid-up share capital remained unchanged at ₹12,19,04,840.

Total assets decreased to ₹6,896.83 lakh from ₹9,444.27 lakh. Unallocated corporate assets stood at ₹9,295.09 lakh, up from ₹5,543.27 lakh, indicating a shift in asset allocation away from operating segments toward corporate holdings. Total liabilities fell to ₹334.26 lakh from ₹727.74 lakh.

Corporate Governance and Related Parties

The Board of Directors includes Mr. Sunil Raisoni as Managing Director and four independent directors: Mr. Kalpesh Bafna, Mr. Vineet Ladhania, Mr. Sahil Jham, and Ms. Chanda Birendrakumar Sinhababu. Non-executive, non-independent directors include Mrs. Archana Pankaj Bhole and Mr. Siddharth Raisoni. Mr. Pritam Raisoni serves as Chief Financial Officer. Statutory auditors are M/s Yawalkar and Associates.

Related party transactions included managerial remuneration for Mr. Sunil Raisoni amounting to ₹18.00 lakh and salary for Company Secretary Ms. Harsha Kalangiwale at ₹5.92 lakh. The company made an investment of ₹1,860.00 lakh in Shradha Realty Limited (formerly Shradha Infraprojects Limited), a group company, during the year. Rent payments to related parties included ₹12.00 lakh to Vibrant Infotech and ₹7.50 lakh to Shradha Realty. Sitting fees were paid to various directors, including Mrs. Archana Bhole, Mr. Siddharth Raisoni, and the independent directors, each receiving ₹0.40 lakh.

Shareholding Pattern

Promoters and promoter group hold 74.66% of the equity shares, totaling 45,507,610 shares. Bodies corporate (public) hold 7.09%, while Indian public shareholders hold 18.01%. Non-resident Indians hold 0.24% of the total capital. The company has 15,900 shareholders as of the reporting date.