Takyon Networks has won a confirmed work order valued at Rs 256.11 lakh from Banaras Locomotive Works (BLW), Indian Railways, Varanasi. The contract covers the upgradation of the RailNet/Internet Network System in the Administrative Building, including D&D and Computer Building, at BLW Varanasi.

ORDER DETAILS AND TIMELINE

The execution timeline for this project is set at 9 months from the date of issuance of the Letter of Acceptance. The order was disclosed to the exchange on October 7, 2026. This transaction is not classified as a related party transaction, and there is no promoter interest involved.

COMPANY ORDER TRACK RECORD

This new order from BLW adds to the company's recent portfolio of domestic government and institutional clients. In the last three fiscal quarters, Takyon Networks has disclosed multiple significant orders. The table below summarizes the quarterly order inflow as per recent filings:

Note: The Q2FY27 total includes orders disclosed in July 2026. The current BLW order (Oct 2026) falls into Q3FY27.

Recent individual order disclosures include:

• Oct 2026: Rs 256.11 lakh from Banaras Locomotive Works (BLW), Indian Railways.
• Jul 2026: Rs 143.2 lakh from Hindustan Aeronautics Limited for IT Network Upgrade.
• Jul 2026: Rs 261.86 lakh from Indian Institute of Information Technology, Allahabad.
• Jun 2026: Rs 1.5 crore from Skynet Services Global Private Limited.
• Jun 2026: Rs 1.674537223 crore from Agr Division-S And T Drm Office, North Central Railway Agra.
• Jun 2026: Rs 60.5 lakh from Hindustan Aeronautics Limited, Kanpur.
• May 2026: Rs 83.0 lakh from Hindustan Aeronautics Limited.
• Apr 2026: Rs 1.943374155 crore from Research Designs & Standards Organisation (RDSO).

FINANCIAL CONTEXT AND VALUATION

As of October 7, 2026, the company had a market capitalization of ₹24.47 Cr. The stock traded at a P/E ratio of 6.7x and a Price/Book value of 0.42x. The Return on Capital Employed (ROCE) for FY26 stood at 11.1%, while Return on Equity (ROE) was 6.35%.

REVENUE AND PROFITABILITY TRENDS

The company reported consolidated revenue of Rs 72.80 crore in FY26, down from Rs 103.50 crore in FY25. Net profit for FY26 was Rs 3.70 crore, compared to Rs 7.00 crore in FY25. Operating Profit Margin (OPM) declined from 12.05% in FY25 to 7.53% in FY26.

BALANCE SHEET AND CASH FLOW

The balance sheet indicates strong liquidity with a current ratio of 4.58x as of FY26. Total assets stood at Rs 69.80 crore, with total equity at Rs 57.60 crore. Operating cash flow was negative at Rs -12.10 crore in FY26, contrasting with positive operating cash flow of Rs 7.90 crore in FY25.

Takyon Networks Limited adopted its audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026, during its 11th Annual General Meeting (AGM) held on September 30, 2026.

The meeting, conducted via video conferencing and other audio-visual means, also saw the re-appointment of Paresh Goyal as Executive Director. Goyal retires by rotation under Section 152(6) of the Companies Act and offered himself for re-appointment, which was approved by the members. The company subsequently filed the scrutinizer's report and voting results with BSE Limited on October 1, 2026.

Meeting proceedings and attendance

The AGM commenced at 12:00 noon and concluded at 12:25 pm. The following directors were present through virtual mode:

• Manish Kumar Sharma, Managing Director and Chairman
• Neeraj Kumar, Whole Time Director and CEO
• Paresh Goyal, Executive Director
• Nikhil Laxman Buran, Executive Director
• Swati Singh, Non-executive Director
• Sarita Paswan, Non-executive Director
• Ashwini Jaiswal, Non-executive Director

Key attendees included Priyanka Pathak, Company Secretary and Compliance Officer; Pawan Bisht, Scrutinizer Officer; Gesu Nathani, Secretarial Auditor; and Vijay Jaju, Statutory Auditor. Five shareholders participated in the meeting via remote e-voting or live attendance. The record date for entitlement was September 23, 2026, with a total of 516 shareholders on record.

Resolutions passed and voting results

The company facilitated electronic voting through Central Depository Services (India) Limited. The voting period ran from September 27 to September 29, 2026. The following ordinary resolutions were transacted and passed:

For all three resolutions, promoters and promoter group voted in favour with 1,05,29,500 votes, representing 99.98% of valid votes cast. Public non-institutions cast 2,000 votes against each resolution, accounting for 0.02% of the total valid votes. No invalid votes were reported for any resolution.

The Chairman addressed member queries regarding operations and financial performance. Voting results, including the scrutinizer's report issued by M/s Pawan Bisht & Associates, are to be declared within prescribed timelines and are available on the company website.