Silver Touch Technologies Silver Touch Technologies has approved the re-appointment of Mr. Piyushkumar Mithileshkumar Sinha as an Independent Director for a second five-year term. The decision was taken at the Board of Directors meeting held on July 30, 2026, based on the recommendation of the Nomination and Remuneration Committee. The new term is scheduled to commence on August 12, 2026, and will remain valid until August 11, 2031, pending final approval from the company’s shareholders.

The appointment aligns with Regulation 30 (read with Schedule III-Part A) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The Board confirmed that Mr. Sinha is not debarred from holding the office of a Director by any order passed by SEBI or any other regulatory authority. Furthermore, disclosures indicate that he has no relationships with existing Directors, Key Managerial Personnel, or Promoters of the Company.

Mr. Sinha brings over 45 years of experience in advisory, research, training, and management across entrepreneurship, marketing, retail, e-commerce, business strategy, and decision sciences. He currently serves as the Director of CRI Advisory and Research and acts as the Chief Mentor for the Government of India's Startup Village Entrepreneurship Programme (SVEP) at the Entrepreneurship Development Institute of India. His profile highlights significant contributions to developing entrepreneurial ecosystems across multiple states and mentoring startups, particularly in social entrepreneurship.

Professional Background

Mr. Sinha holds a Ph.D. in Management and served as a Professor at the Indian Institute of Management Ahmedabad (IIMA) until March 2018. During his tenure at IIMA, he chaired the Centre for Retailing and the Department of Marketing. He has also taught at IIM Bangalore and XIMB and served as Dean at MICA. Additionally, he advised the Rwanda-India Entrepreneurship Development Centre from 2021 to 2023 under an MoU between the Governments of India and Rwanda. He has authored several books and research publications and is associated with industry bodies including CII.

His board experience includes roles at Gujarat Gas Limited, Infibeam Avenues Limited, Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC), Jade Blue Lifestyle India Limited, and NIFiCentric. The detailed disclosure regarding his re-appointment is available on the company’s website under investor relations.

Key Details of Re-appointment

Silver Touch Technologies reported a significant turnaround in profitability for the first quarter of fiscal year 2027, with standalone net profit surging 135.98% year-on-year to ₹10.09 crore. This sharp increase, up from ₹4.28 crore in Q1FY26, was primarily driven by robust revenue growth and improved operational efficiency. Consolidated net profit also jumped 147.90% to ₹10.01 crore, signaling strong annual momentum despite a quarter-on-quarter decline from the peak holiday season of Q4FY26.

The Board of Directors, meeting on July 30, 2026, approved the unaudited financial results subject to limited review by statutory auditors M/s Ambalal Patel & Co., Chartered Accountants. In addition to the financial outcomes, the Board recommended a final dividend of ₹0.10 per equity share (5%) for the financial year ended March 31, 2026, pending shareholder approval at the 32nd Annual General Meeting (AGM). The Board also approved making investments of up to ₹10.00 crore under Section 186 of the Companies Act, 2013.

Financial Performance Highlights

Revenue from operations demonstrated healthy growth, with consolidated figures rising 22.27% year-on-year to ₹76.72 crore. Standalone revenue increased 23.17% YoY to ₹71.45 crore. Employee benefit expenses remained the largest cost component, accounting for approximately 56% of total expenses in the consolidated statement.

Note: Figures converted from ₹ Lakhs as per source data.

Segment-wise Analysis

Domestic operations continued to be the primary growth engine. Standalone revenue from within India grew 27.39% YoY to ₹69.09 crore, while international revenue contracted 37.46% to ₹2.36 crore. In the consolidated segment, domestic revenue rose 28.10% to ₹69.96 crore, whereas overseas revenue fell 16.17% to ₹6.76 crore. The decline in international segment contribution suggests a potential shift in market dynamics or project cycles abroad, contrasting with the robust demand in the Indian market.

Corporate Governance and AGM Details

The Company scheduled its 32nd Annual General Meeting for August 24, 2026, to be held via Video Conferencing/Other Audio Visual Means. Shareholders will vote on the re-appointment of Whole Time Directors Vipul Haridas Thakkar and Minesh Vinodchandra Doshi, who retire by rotation. Additionally, shareholders will consider the re-appointment of Piyushkumar Mithileshkumar Sinha as an Independent Director for a second term from August 12, 2026, to August 11, 2031.

The Register of Members and Share Transfer Books will remain closed from August 18, 2026, to August 24, 2026. The record date for determining dividend eligibility is fixed at August 17, 2026. Remote e-voting will commence on August 21, 2026, at 09:00 AM and conclude on August 23, 2026, at 05:00 PM. M/s Sandip Sheth & Associates has been appointed as the scrutinizer for the e-voting process.