Sofcom Systems Limited’s Board of Directors approved the Board’s Report for FY26 and scheduled its 31st Annual General Meeting for September 30, 2026. The board also appointed M/s P M S H P S & Co as statutory auditors for a five-year term, subject to shareholder approval.

The meeting took place on September 10, 2026, commencing at 6:30 pm and concluding at 7:20 pm. Tanvi Jay Rupawala, Managing Director, signed the disclosure letter.

Key Resolutions

The board considered and approved the following items during the meeting:

• Approval of the Board’s Report for the financial year ended March 31, 2026, along with its annexures.
• Approval of the notice for the 31st AGM to be held on September 30, 2026, at 3:00 pm via video conferencing or other audio-visual means.
• Appointment of M/s P M S H P S & Co., Chartered Accountants (FRN: 121366W), as Statutory Auditors. They will hold office for five consecutive years from the conclusion of the 31st AGM until the conclusion of the 36th AGM, pending shareholder approval.
• Appointment of M/s Prasad & Partners LLP (FRN: L2023GJ13900), Practicing Company Secretaries based in Ahmedabad, as Scrutinizer for the voting process of the 31st AGM.

Auditor Profile

M/s P M S H P S & Co is a Chartered Accountancy firm with over 50 years of experience. The firm was formed through the merger of three established practices: M/s P. M. Shah & Co (founded 1974), M/s Hardik P. Shah & Co (founded 2001), and M/s Shah Dave & Co (founded 1999).

The firm currently has five dedicated partners and a team of 22 personnel, including qualified Chartered Accountants. It provides services in statutory audits, internal audits, project financing, taxation, and company law matters.

Meeting Details

Shareholders holding shares in physical or dematerialized form can cast their votes electronically. The cut-off date for ascertaining eligible shareholders is Friday, September 25, 2026. The Annual Report for FY26 is available on the company website.

The company issued the notice on September 10, 2026, pursuant to Regulation 34 and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The registered office is located in Surat, Gujarat.

Sofcom Systems Ltd reported a widening net loss for the first quarter of fiscal year 2027, reflecting continued pressure on its operational scale. The Surat-based technology firm posted a standalone net loss of ₹5.75 lakh for the quarter ended June 30, 2026, compared to a loss of ₹2.72 lakh in the same period of the previous fiscal year. Consolidated results mirrored this trend, with a net loss of ₹5.85 lakh against ₹2.72 lakh in Q1FY26.

Revenue from operations for the quarter stood at ₹3.77 lakh, a significant contraction from the ₹19.25 lakh reported for the full year ended March 31, 2026. The company did not disclose revenue figures for the corresponding quarter of the prior year, limiting direct year-on-year revenue comparisons. However, the sharp drop in quarterly topline relative to the previous annual total indicates a substantial reduction in business activity.

Financial Performance

The company’s profitability metrics deteriorated further during the period. Before tax, exceptional, and extraordinary items, the standalone net loss widened to ₹5.75 lakh from ₹2.72 lakh in Q1FY25. After tax adjustments, the standalone loss remained at ₹5.75 lakh, while the consolidated net loss after tax was ₹5.85 lakh.

Earnings per share (EPS) declined to (₹0.024) on both a standalone and consolidated basis, down from (₹0.011) in the corresponding quarter of the previous year. The paid-up equity share capital remained unchanged at ₹2,420.41 lakh.

What the Numbers Show

A critical observation from the filing is the complete absence of revenue growth alongside an expanding loss trajectory. With revenue at just ₹3.77 lakh in the quarter—less than 20% of the previous year’s total annual revenue of ₹19.25 lakh—the company appears to be operating at a fraction of its earlier scale. The widening loss, despite lower revenue, suggests that fixed costs or overheads are not scaling down proportionately with the drop in business volume, eroding margins further. This divergence between minimal top-line activity and increasing bottom-line losses highlights ongoing structural challenges in the current quarter.

Regulatory and Audit Details

The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings. The statutory auditors conducted a limited review of the financial results and expressed an unmodified opinion. The results have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under Section 133 of the Companies Act, 2013. Previous year’s figures have been regrouped or reclassified wherever necessary to conform to the current year’s classification.