Take Solutions Limited returned to profitability in the financial year ended March 31, 2026, posting a net profit of ₹271.91 lakh compared to a net loss of ₹6,973.56 lakh in the previous year. The turnaround was driven by the divestment of its wholly owned subsidiary, Ecron Acunova Limited, in FY 2024-25, and the subsequent clearance of immediate statutory and debt obligations using the proceeds. The company reported revenue from operations of ₹661.75 lakh for the year, while total income reached ₹661.75 lakh. The Board of Directors approved the audited financial results at its meeting held on May 20, 2026.

Standalone Financial Performance

The company’s standalone financial results for the year ended March 31, 2026, show a significant recovery in its financial position. Total expenditure for the year was ₹374.82 lakh, resulting in a profit before exceptional items and tax of ₹286.93 lakh. The company reported earnings per share (EPS) of ₹0.18 for continuing operations for the year.

Consolidated Results

On a consolidated basis, the group reported a net profit of ₹1,084.91 lakh for the year ended March 31, 2026, compared to a net profit of ₹3,746.71 lakh in the previous year. The previous year's profit was primarily driven by the gain on the divestment of Ecron Acunova Limited. Consolidated revenue from operations for the current year stood at ₹5,418.53 lakh. The group’s total equity improved to ₹3,100.14 lakh as at March 31, 2026, from ₹2,052.75 lakh as at March 31, 2025.

Audit Qualifications

The statutory auditors, A. Raghavendra Rao & Associates, expressed a qualified opinion on both the standalone and consolidated financial results. The qualification relates to income tax assets (net) amounting to ₹875.80 lakh in the standalone statements and ₹1,291.90 lakh in the consolidated statements. These assets pertain to various assessment years and are subject to disputes pending before various forums. The management has assessed these amounts as fully recoverable, and no impairment has been recognised. The auditors noted that the ultimate realisable value of these tax assets remains contingent upon the outcome of the proceedings. This qualification is repetitive, having been reported since the year ended March 31, 2023.

Going Concern and Future Outlook

The auditors highlighted that the company has undertaken meaningful steps towards business diversification following the divestment. The ongoing initiatives towards business partnerships and non-cash M&A transactions, together with the improved financial position, provide reasonable grounds for the continued preparation of the financial statements on a going concern basis.

Take Solutions Ltd shareholders have approved a proposal to change the company's name and alter its constitutional documents through a postal ballot process that concluded on June 16, 2026. The resolutions, which also included the appointment of a new statutory auditor, were passed with the requisite majority during the remote e-voting period held between May 18 and June 16, 2026. The outcome authorizes the company to proceed with the rebranding and update its Memorandum of Association (MOA) and Articles of Association (AOA).

The postal ballot notice, dated May 13, 2026, sought shareholder consent on four key resolutions. The scrutinizer's report, issued by M/s. Hemang Satra & Associates, confirmed that the votes were cast electronically via the Central Depository Services Limited (CDSL) platform. No physical postal ballot forms were received by the scrutinizer by the deadline of June 16, 2026.

Voting Results Summary

The voting results indicated strong support from the public non-institutional shareholders, who participated actively in the e-voting process. Promoters and public institutions did not cast any votes. The table below details the voting figures for the key resolutions:

Key Resolutions Passed

Change of Name and Constitutional Amendments

Shareholders approved the special resolution to change the name of take solutions and make consequent alterations to the MOA and AOA. This resolution received 24,516,599 votes in favour and 1,806 votes against. Additionally, a separate special resolution was passed to adopt a new set of MOA aligned with the Companies Act, 2013, and to merge Clause III(C) into Clause III(B).

Appointment of Statutory Auditors

An ordinary resolution was passed appointing Mrs. A. Raghavendra Rao & Associates, Chartered Accountants, as statutory auditors to fill the casual vacancy caused by the resignation of M/s. Venkat and Rangaa LLP. The firm received 24,516,658 votes in favour against 1,747 votes against. The appointment is effective immediately subject to regulatory approvals.

Alteration of Object Clause

The fourth special resolution sought to alter the object clause of the MOA by inserting new object clauses. This resolution was approved with 24,514,510 votes in favour and 3,895 votes against, marking the highest number of dissenting votes among the four proposals.

The scrutinizer certified that the resolutions were passed with the requisite consent of the members. The results have been uploaded to the company's website and the CDSL portal.