Suyog Telematics Limited reported a 53.5% increase in net profit to ₹62.28 crore for the financial year ended March 31, 2026, compared to ₹40.55 crore in the previous year. Revenue from operations grew to ₹209.19 crore from ₹192.57 crore year-on-year. The Board of Directors has recommended a final dividend of Re 1 per equity share, aggregating to ₹1.17 crore, subject to shareholder approval at the forthcoming Annual General Meeting.

FY26 Financial Performance

The company's annual performance reflects robust growth across key financial metrics. Profit before tax for the year stood at ₹82.24 crore, up from ₹56 crore in FY25. Earnings per share (EPS) increased to ₹54.05 from ₹34.55 in the previous year. The following table summarises the key financial metrics for the year:

Auditor's Report and Disclosures

The Statutory Auditor, M/s. SPML & Associates, issued an unmodified opinion on the audited financial results. However, the auditor's report drew attention to several matters, including the need to strengthen internal control design commensurate with the company's growing business activities. Additionally, balances in loans, advances, trade receivables, and payables are subject to confirmation and reconciliation.

The report also noted that revenue relating to telecom tower infrastructure services was accounted for on a provisional basis pending final reconciliation with telecom operators. A Goods and Services Tax (GST) search was conducted at the company's premises on January 2, 2026, though management stated there is no material impact on the financial statements.

Board Decisions

The Board meeting, held on May 26, 2026, approved the re-appointment of M/s. S K S S & Associates as the Internal Auditor for FY 2026-27. The meeting commenced at 11:30 a.m. IST and concluded at 07:30 p.m. IST. The intimation was submitted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Suyog Telematics Limited has announced a postal ballot notice to seek shareholder approval for the re-classification of a member from the Promoter or Promoter Group to the Public category. The resolution concerns Mr. Somnath Lature, who currently holds 44,044 equity shares, representing 0.38% of the company's total shareholding.

The Board of Directors approved the request for re-classification during its meeting held on February 03, 2026. Subsequently, the company received No Objection Letters from BSE Limited and National Stock Exchange of India Limited (NSE) on April 27, 2026, confirming their approval for the proposed change.

Resolution Details

The special business seeks to pass an ordinary resolution to re-classify Mr. Somnath Lature from the “Promoter/Promoter Group” to the “Public” category. The re-classification is subject to the provisions of Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Upon approval, the change will be reflected in the Statement of Shareholding Pattern for the immediate succeeding quarter.

E-Voting Schedule

The company has engaged National Securities Depository Limited (NSDL) to facilitate the remote e-voting process. Shareholders holding shares as on the cut-off date of Friday, May 15, 2026, are eligible to participate in the voting process.

The results of the postal ballot, along with the Scrutinizer's Report, are expected to be announced on or before Tuesday, June 23, 2026. The resolution requires the approval of members through an ordinary resolution. Mr. Somnath Lature and persons related to him will not vote on this resolution.