Tracxn Technologies completes dispatch of 14th AGM notice

2 min read     Updated on 26 Jul 2026, 09:58 AM
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Tracxn Technologies Limited has finalized the dispatch of its 14th AGM notice and FY26 Annual Report to registered members. The meeting, scheduled for August 17, 2026, will address key governance matters including the appointment of statutory auditors and a new independent director. E-voting facilities are available through NSDL from August 14 to August 16, 2026.

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Tracxn Technologies Limited has completed the electronic dispatch of the notice for its 14th Annual General Meeting (AGM) and the Annual Report for the financial year ended March 31, 2026 (FY26). The company confirmed on July 24, 2026, that these documents were sent via email to members with registered addresses as of July 17, 2026. The AGM is scheduled to be held on Monday, August 17, 2026, at 5:00 p.m. IST through Video Conferencing (VC) and Other Audio Visual Means (OAVM), in compliance with Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI) circulars.

The dispatch process was initiated and completed on July 23, 2026. Pursuant to Regulation 30 and Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published advertisements detailing the e-voting procedure in Financial Express (English edition) and Vishwavani (Kannada edition) on July 24, 2026. For members who have not registered their email IDs with the company, Depository Participants, or the Registrar and Share Transfer Agent, a letter containing the web-link to access the Annual Report has been sent in accordance with Regulation 36(1)(b) of the SEBI Listing Regulations.

Business to be Transacted

Shareholders will vote on ordinary and special business items during the meeting. Key agenda items include the adoption of the audited financial statements for FY26 and the appointment of M/s. M S K C & Associates LLP as Statutory Auditors for a five-year term, from the conclusion of the 14th AGM until the conclusion of the 19th AGM. The proposed remuneration for audit services for the financial year ending March 31, 2027, shall not exceed ₹30,00,000 plus applicable taxes and reimbursement of out-of-pocket expenses.

Additionally, shareholders will consider the appointment of Mr. Akshay Bhushan (DIN: 07213022) as a Non-Executive Independent Director for a term of five years, from May 25, 2026, to May 24, 2031. The Board has approved his remuneration, capped at ₹10,00,000 per annum from May 25, 2026, to August 5, 2026, and ₹12,00,000 per annum from August 6, 2026, to May 24, 2029, in addition to sitting fees.

E-Voting and Participation Details

The company has engaged National Securities Depository Limited (NSDL) as the authorized agency for facilitating remote e-voting and VC/OAVM facilities. CS Sandhya R. Maihotra, Partner of M/s. Manish Ghia & Associates, Company Secretaries, Mumbai, has been appointed as the Scrutinizer for the e-voting process.

Event Date Time
AGM Date August 17, 2026 5:00 p.m. IST
Remote E-Voting Start August 14, 2026 9:00 a.m. IST
Remote E-Voting End August 16, 2026 5:00 p.m. IST
Record Date for Dispatch July 17, 2026 -
Cut-off Date for Voting Eligibility August 10, 2026 -

Members holding shares in demat mode can vote through their demat accounts. Those holding physical shares must register or update their details using Form ISR-1 with the Registrar and Share Transfer Agent, MUFG Intime India Private Limited. Login credentials for e-voting will be provided via email upon successful registration. Members acquiring shares after the notice dispatch but before the cut-off date of August 10, 2026, can obtain login credentials by contacting evoting@nsdl.com . Voting rights are proportional to the paid-up equity capital held as on the cut-off date.

Historical Stock Returns for Tracxn Technologies

1 Day5 Days1 Month6 Months1 Year5 Years
-1.82%-3.00%-2.32%-16.51%-43.00%-68.83%

How might the appointment of Mr. Akshay Bhushan as an Independent Director influence Tracxn's strategic direction and corporate governance standards over the next five years?

What are the implications of appointing M/s. M S K C & Associates LLP for a five-year term on the company's financial transparency and audit quality?

Could the proposed remuneration caps for the statutory auditors and the new director impact Tracxn's ability to attract top-tier talent or audit services in a competitive market?

Tracxn Technologies Submits FY26 Annual Report: Revenue at ₹84.0 Crore, Cash Reserves at ₹89.2 Crore

6 min read     Updated on 23 Jul 2026, 06:49 PM
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Reviewed by
Naman SScanX News Team
AI Summary

Tracxn Technologies Limited submitted its FY26 Annual Report on July 23, 2026, reporting revenue from operations of ₹84.0 crore and total income of ₹90.1 crore. India revenue grew 14% YoY to ₹38.2 crore, while PAT stood at negative ₹0.6 crore reflecting investments in growth initiatives. The company completed its first share buyback of ₹7.9 crore in H1 FY26, ending the year with ₹89.2 crore in cash and equivalents and zero debt. Customer accounts rose 19% YoY to 2,289, active users grew 23% YoY to 6,227, and the workforce stood at 717 employees with 42% women representation.

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Tracxn Technologies Limited has filed its Annual Report for the financial year ended March 31, 2026, with BSE Limited and the National Stock Exchange of India, pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report, signed by Company Secretary and Compliance Officer Megha Tibrewal on July 23, 2026, covers the company's financial and non-financial performance for the period April 1, 2025 to March 31, 2026.

FY26 Financial Performance

Tracxn Technologies reported revenue from operations of ₹84.0 crore in FY26, with India contributing approximately 45% and international geographies accounting for 55% of revenues across 50+ countries. Total income for the year stood at ₹90.1 crore, inclusive of gains from interest and mutual fund investments. India revenue grew 14% YoY to ₹38.2 crore, while international revenue experienced softness during the period.

The following table summarises the company's key financial metrics for FY26 versus FY25:

Metric: FY26 FY25
Revenue from Operations: ₹84.0 crore —
Total Income: ₹90.1 crore ₹90.4 crore
Total Expenses: ₹90.7 crore ₹83.7 crore
Employee Benefit Expenses: ₹79.7 crore ₹73.9 crore
PAT (adjusted): (₹0.6) crore —
EBITDA (excl. exceptional items): (₹655.04) lakhs ₹83.35 lakhs
PAT: (₹789.02) lakhs (₹954.41) lakhs
Free Cash Flow: (₹300.71) lakhs ₹1,433.24 lakhs
Cash and Cash Equivalents: ₹89.2 crore ₹94.6 crore

Total expenses increased 8% YoY from ₹83.7 crore in FY25 to ₹90.7 crore in FY26. Employee benefit expenses, the largest cost component at 87.8% of total expenses, rose 7.9% from ₹73.9 crore to ₹79.7 crore, primarily driven by investments in go-to-market and closing sales teams. Cloud hosting charges were the second-largest expense item, accounting for 3.1% of total expenses. PAT margin stood at negative 0.7% in FY26.

Share Buyback and Capital Position

The company executed its first share buyback as a listed entity in H1 FY26. The Board approved the buyback at its meeting on May 26, 2025, and shareholders approved it via postal ballot on July 03, 2025. The buyback offer period ran from July 24, 2025 to July 30, 2025, through the tender offer route on the stock exchanges.

Buyback Parameter: Details
Total Buyback Size: ₹7,99,99,990 (excluding transaction costs)
Buyback Price: ₹75 per equity share
Shares Bought Back & Extinguished: 10,66,666 equity shares
Buyback as % of Paid-up Capital & Free Reserves: 23.70%
Extinguishment Certificate Filed with SEBI: August 13, 2025
Paid-up Share Capital Post-Buyback: ₹10,61,43,059 (10,61,43,059 equity shares of ₹1 each)

Following the buyback, the company held ₹89.2 crore in cash and equivalents with zero debt as at FY26 end. The Board has not recommended any dividend for FY26, as the company did not report profits during the year.

Customer Growth and Platform Scale

Tracxn Technologies reported steady growth in its customer base and platform metrics during FY26. Customer accounts increased 19% YoY to 2,289 as of FY26 end, while active users grew 23% YoY to 6,227.

Platform Metric: FY26
Customer Accounts: 2,289 (up 19% YoY)
Active Users: 6,227 (up 23% YoY)
Companies Covered Globally: 7.7 million+
Legal Entities Covered: 66 million+
Web Domains Scanned: 980 million+
Companies with Financials: 6.7 million+
Companies with Revenue Data: 2.8 million+
Companies with Cap Tables: 419K+
Taxonomy Nodes: 55,000+
Feeds: 3,000+
Organic Website Visits (FY26): 26 million
Media Mentions (FY26): 4,000+
Tracxn Lite Cumulative Sign-ups: 285K

The top five countries by customer count were India, USA, UK, Singapore, and Germany. Revenue by geography was distributed as follows: India (45%), Americas (25%), EMEA (21%), and APAC excluding India (9%).

Vertical Business Units and India Momentum

The company's specialised vertical sales teams across key customer segments continued to deliver results in FY26. India revenue grew at a 16% CAGR over the last two years, with customer accounts growing at a 48% CAGR over the same period. In Q4 FY26, India revenue grew 15% YoY, with QoQ revenue growth of 5.1%, annualising to approximately 22%.

Key segment highlights for FY26 are summarised below:

Segment: Key FY26 Metrics
Investment Banking (India): Revenue grew ~20% YoY; accounts up 40%+ YoY; ~28%+ market share
Investment Banking (International): Accounts grew 35%+ YoY
Corporate Sales (Total): Accounts grew ~35%; India accounts grew ~45%; India revenue grew ~30% YoY
Universities (India): Accounts grew 55%+; revenue up 60%+ YoY

AI Integration and Technology Initiatives

A defining theme of FY26 was the embedding of artificial intelligence across the Tracxn platform. The company expanded AI usage from backend data production workflows to customer-facing capabilities. Key AI-related launches included the Tracxn Connector for Claude, enabling paid users to access real-time company intelligence from Tracxn's database within AI workflows, and an AI Assistant on the Tracxn platform (in private beta at FY26 close) enabling natural-language interaction with structured data for tasks such as due diligence, competitive landscaping, and market analysis. Both capabilities were launched after FY26 close and are not reflected in FY26 revenues.

The company also added significant new datasets in FY26 without a meaningful increase in headcount, citing automation as the key enabler. The platform's Legal Entities Database now covers approximately 66 million legal entities, while cap table coverage expanded to over 419,000 companies across 15+ countries — representing more than 10x growth in approximately two years.

Board, Governance and Human Resources

As of March 31, 2026, the Board comprised six directors — two Executive Directors and four Independent Directors. Mr. Nishant Verman resigned as Independent Director with effect from the close of business hours on March 31, 2026. Post the close of the financial year, Mr. Akshay Bhushan was appointed as an Additional Director (Non-Executive Independent) with effect from May 25, 2026.

Ms. Surabhi Pasari resigned as Company Secretary and Compliance Officer on June 02, 2025, and Ms. Megha Tibrewal was appointed to the role on the same date. The Board met four times during FY26, and the statutory auditor's report for FY26 contains no qualifications, reservations, or adverse remarks. M/s Price Waterhouse Chartered Accountants LLP conducted the audit for FY26, and the Board has recommended the appointment of M/s M S K C & Associates LLP as the incoming statutory auditors for a term of five consecutive years, subject to shareholder approval at the ensuing 14th AGM.

The company's total headcount stood at 717 permanent employees as of March 31, 2026, with women comprising 42% of the workforce. The median remuneration of employees increased by 21.54% in FY26. The average increase in remuneration for Directors and KMPs was 5.62%, while the average increase for other employees was 13.28%. Fixed assets totalled ₹45.3 lakh on the balance sheet, with depreciation and amortisation of ₹18.97 lakh for FY26. Total fees paid to statutory auditors for all audit-related activities in FY25-26 were ₹31.94 lakhs.

Historical Stock Returns for Tracxn Technologies

1 Day5 Days1 Month6 Months1 Year5 Years
-1.82%-3.00%-2.32%-16.51%-43.00%-68.83%

How will the upcoming commercialization of the Tracxn Connector for Claude and the AI Assistant impact FY27 revenue growth and customer acquisition costs?

Given the negative EBITDA and PAT in FY26, what specific operational levers will management pull to achieve profitability while maintaining aggressive international expansion?

Will the recent share buyback and zero-dividend policy signal a long-term capital allocation strategy focused on reinvestment over shareholder returns during this growth phase?

More News on Tracxn Technologies

1 Year Returns:-43.00%