Sofcom Systems Limited dispatched the notice for its 31st Annual General Meeting (AGM) to shareholders via electronic mode on September 10, 2026. The meeting is scheduled for September 30, 2026, at 3:00 pm through video conferencing or other audio-visual means.

The company confirmed that the notice and the Annual Report for FY26 were sent to members whose email addresses were registered with the Registrar & Share Transfer Agent or Depository Participants as of September 4, 2026. Shareholders requiring physical copies may request them by writing to the company.

E-Voting Schedule

The remote e-voting facility, facilitated by National Securities Depository Limited, will be open during a specific three-day window:

• Start Date: Sunday, September 27, 2026, at 9:00 am
• End Date: Tuesday, September 29, 2026, at 5:00 pm

Members can cast their votes on all matters listed in the notice convening the AGM during this period or during the meeting itself.

Key Resolutions and Appointments

The Board of Directors, in its meeting held on September 10, 2026, approved the Board’s Report for FY26 and the appointment of M/s P M S H P S & Co as statutory auditors for a five-year term, subject to shareholder approval. The firm, formed through the merger of three established practices, has over 50 years of experience.

Additionally, M/s Prasad & Partners LLP was appointed as the Scrutinizer for the voting process. Tanvi Jay Rupawala, Managing Director, signed the disclosure letter.

Meeting Details

The 31st AGM will be held pursuant to Regulation 34 and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The cut-off date for ascertaining eligible shareholders is Friday, September 25, 2026. The Annual Report is available on the company website and the BSE Limited portal.

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.