SoftTech Engineers Limited concluded its 30th Annual General Meeting (AGM) on September 29, 2026, with all five proposed resolutions passing unanimously. The meeting was conducted through video conferencing and other audio-visual means, adhering to regulatory guidelines for virtual shareholder meetings.

The company reported that 9,048,542 votes were cast in favor of all resolutions, representing 100.00% of the valid votes polled. No votes were recorded against any of the agenda items. The total number of shares outstanding stood at 13,842,138, with a voting participation rate of approximately 65.37% based on the votes polled relative to outstanding shares.

Key resolutions approved

Shareholders adopted the audited standalone and consolidated financial statements for the financial year ended March 31, 2026. The Board of Directors' reports and the auditors' reports on these statements were also received and considered. Additionally, the company re-appointed M/s P G Bhagwat LLP as statutory auditors for a second term of five consecutive years.

In terms of board composition, Mrs. Priti Gupta was re-appointed as a director following her retirement by rotation. Dr. Rakesh Kumar Singh was also re-appointed as an independent director via a special resolution. The remuneration paid to executive directors for FY26, including specific approval for Mr. Pratik Patel, Whole Time Director, was ratified by the shareholders.

Voting participation details

The scrutinizer’s report indicated that 45 public shareholders and 2 promoter group members attended the meeting virtually. The record date for entitlement to vote was September 22, 2026, with a total of 2,420 shareholders on record. The remote e-voting period remained open from September 26 to September 28, 2026.

What the numbers show

A notable pattern in the voting data is the complete absence of dissent across all five resolutions, including those requiring a special majority. While the promoters held 2,613,773 shares and voted unanimously, public non-institutional investors held 11,228,365 shares but only cast votes for 6,434,769 shares, indicating a participation rate of roughly 57.31% among this segment. Despite this lower turnout among retail holders compared to institutional or promoter blocks, the unified support suggests strong alignment between management and participating shareholders on governance and financial matters.

SoftTech Engineers Limited reported a 131% increase in standalone profit after tax (PAT) to ₹18.76 crore for FY26, significantly outpacing its revenue growth.

The Pune-based software company, which held its 30th Annual General Meeting on September 29, 2026, saw standalone revenue from operations rise 37.4% to ₹128.30 crore. Consolidated revenue grew 40% to ₹182.06 crore. The disparity between profit and revenue growth highlights improving operating leverage as the company scales its platform-based business models.

Financial performance and operational metrics

EBITDA for the year stood at ₹47.00 crore, reflecting a margin of approximately 27%. Profit before tax (PBT) expanded 115% to ₹27.22 crore. The company disclosed that recurring revenue from SaaS and pay-per-use models accounted for 33% of the sales mix, growing 38.6% year-on-year to ₹31.72 crore.

Working capital efficiency improved markedly during the fiscal year. Days Sales Outstanding (DSO) reduced to 260 days from 462 days in FY22, while the cash conversion cycle narrowed to 169 days, the lowest in five years. Free cash flow reached near-breakeven levels at (₹0.09) crore, compared to (₹4.85) crore in prior periods.

Note: FY25 Revenue figures derived from growth rates provided in source presentation context where explicit absolute FY25 revenue was not listed in table but implied by % change.

Strategic developments and order book

The company secured ₹143.20 crore in order wins during FY26. As of the AGM date, the contracted order book stood at ₹231.99 crore, supported by a qualified pipeline of ₹436.23 crore. A significant recent win includes a ₹92.95 crore contract with the Jawaharlal Nehru Port Authority (JNPA) for an AI-powered Digital Twin and Integrated Command & Control Centre.

Chairman Vijay Gupta highlighted six new platform launches in FY26, including CivitTDRx (India's first digital TDR exchange), CivitTWIN, and CivitMETAVERSE. The company also established SoftTech Digital AG in Germany, marking its expansion into overseas markets with four active geographies generating revenue.

Corporate governance updates

Shareholders approved the re-appointment of P G Bhagwat LLP as Statutory Auditors for a second term of five years. Dr. Rakesh Kumar Singh was re-appointed as an Independent Director for a second consecutive term effective August 12, 2027. Mrs. Priti Gupta was re-appointed as Whole Time Director following her retirement by rotation.

What the numbers show

Profit growth (+131%) accelerated more than three times faster than revenue growth (+37.4%), indicating substantial operating leverage. This divergence is supported by a reduction in employee costs as a percentage of revenue, which fell from 26% to 21%, alongside a halving of the debt-to-equity ratio from 0.4 to 0.2. The combination of rising recurring revenue share and declining DSO suggests the business model is shifting toward higher-quality, cash-generative streams.