Southern Infoconsultants Limited has scheduled its 32nd Annual General Meeting (AGM) for Saturday, September 26, 2026. The event will be conducted via video conferencing or other audio-visual means.

The Board of Directors approved the agenda during a meeting held on Monday, August 31, 2026. The session commenced at 12:00 pm and concluded at 1:30 pm at the company's registered office in New Delhi.

Key Dates and Procedures

The register of members and share transfer books will remain closed from Friday, September 18, 2026, to Saturday, September 26, 2026. This closure facilitates the determination of shareholders eligible to vote at the AGM. The record date is set as September 18, 2026.

Remote e-voting will open on Wednesday, September 23, 2026, at 9:00 am and close on Friday, September 25, 2026, at 5:00 pm. The National Securities Depository Limited (NSDL) will conduct the online voting procedure.

Governance Appointments

The board appointed Nitin Bhatia, a practicing company secretary, as the scrutinizer for the AGM. This appointment ensures independent oversight of the voting process in compliance with regulatory requirements.

The board also approved the notice for the 32nd AGM and the board's report along with its annexures for the financial year ended March 31, 2026.

Southern Infoconsultants reported a significant contraction in its financial performance for the first quarter of FY27, with revenue declining 34.5% year-on-year to ₹1.19 crore. The company’s net profit for the quarter ended June 30, 2026, fell 68.8% to ₹0.03 crore, reflecting pressure across both operating and non-operating income streams.

The unaudited results, filed with the Bombay Stock Exchange under Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, show that revenue from operations dropped from ₹1.82 crore in Q1FY26 to ₹1.19 crore in Q1FY27. This decline was accompanied by a reduction in other income, which fell from ₹0.26 crore to ₹0.12 crore over the same period.

Financial Performance

Operating expenses declined in line with revenue, falling 34.4% to ₹1.28 crore from ₹1.95 crore in the corresponding quarter of the previous fiscal year. Despite the cost reduction, the margin compression evident in the sharper drop in net profit compared to revenue indicates an inability to fully offset top-line weakness through expense management.

Balance Sheet Position

As on June 30, 2026, Southern Infoconsultants’ total assets stood at ₹1.17 crore, unchanged from ₹1.17 crore as on March 31, 2026. The company maintained a stable equity position, with share capital remaining constant at ₹0.03 crore and reserves and surplus at ₹1.14 crore. No dividend was declared for the quarter.

What the Numbers Show

A critical observation from the filing is the disproportionate reliance on other income to sustain profitability. In Q1FY26, other income constituted approximately 16.7% of total income (₹0.26 crore out of ₹1.53 crore pre-expense income). In Q1FY27, while other income fell sharply to ₹0.12 crore, it still represented roughly 9.2% of the significantly lower total income base. More importantly, the net profit of ₹0.03 crore is heavily dependent on this non-operating stream; without other income, the company would have recorded a net loss of ₹0.09 crore (₹1.19 crore revenue minus ₹1.28 crore expenses). This highlights a fragile operational core where current revenues do not cover total expenses, making the bottom line vulnerable to fluctuations in interest or investment income.