Tranway21 Technologies posted a net profit of ₹3.81 lakh for FY26, reversing a net loss of ₹31.76 lakh recorded in FY25. The company submitted its annual report to BSE on September 7, 2026, ahead of its 11th Annual General Meeting scheduled for September 30, 2026.

The profit turnaround was primarily driven by non-operational income rather than core business performance. The company recognized a waiver of an unsecured loan from a director amounting to ₹62.00 lakh and a write-back of old outstanding liabilities worth ₹8.86 lakh. These items contributed significantly to the total other income of ₹73.09 lakh for the year.

Financial Performance

Revenue from operations declined to ₹303.86 lakh in FY26, down from ₹392.95 lakh in FY25. Total expenses decreased to ₹372.82 lakh from ₹425.75 lakh in the previous year. The company reported consolidated revenue of ₹436.45 lakh, compared to ₹580.78 lakh in FY25.

The auditor highlighted the accounting treatment of the loan waiver and liability write-back as a key audit matter, noting significant management judgment regarding the cessation of obligations. Additionally, the company recognized prior period expenses of ₹20.29 lakh during the year.

Board Appointments and AGM

The board appointed Ms. Asha Diwakar and Ms. Priyanka Sethia as additional independent directors effective September 7, 2026. Their five-year terms are subject to shareholder approval at the upcoming AGM. Both directors bring over a decade of experience in corporate governance and compliance.

Mr. Chekodu Venkataraja will cease his role as an independent director and continue as a non-executive director effective September 30, 2026, pending special resolution approval under SEBI LODR Regulation 25(2A).

What the Numbers Show

The divergence between the operational loss and the final net profit underscores the reliance on non-recurring items for the bottom line. While core revenue contracted by nearly 23%, the recognition of ₹70.86 lakh in one-time gains allowed the company to report a positive net result. This suggests that underlying operational profitability remains weak despite the improved headline number.

Auditor Observations

Statutory auditors B M S S & Co noted that the company has a negative Debt Service Coverage Ratio, indicating potential concerns regarding its ability to meet debt obligations. They also flagged delays in remitting certain Tax Deducted at Source (TDS) amounts and employee group insurance dues within prescribed time limits.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE0BIW01023/3cae693b-673d-45f6-ba14-94e9174a0064.pdf

Tranway21 Technologies Limited accepted the resignations of Mr. Nagaraj S R and Mr. Anand Patil as Independent Directors effective July 1, 2026, due to their other professional engagements and personal commitments. The resignations were tendered via letters dated July 1, 2026, and took effect at the close of business hours on the same day. Consequently, both directors ceased to be members of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders' Relationship Committee of the company from that date.

The Board of Directors acknowledged the contributions of Mr. Nagaraj S R and Mr. Anand Patil during their tenure. The company confirmed that the resignations were disclosed to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The details of the resignations were provided in accordance with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Mr. Nagaraj S R cited other professional engagements as the reason for his resignation. He confirmed that there were no material reasons other than those stated in his resignation letter. Mr. Anand Patil resigned due to other professional and personal commitments and similarly confirmed the absence of other material reasons. Both directors do not hold directorships in any other listed entities.

The following table summarizes the key details regarding the resignations:

Mr. Nagaraj S R specifically requested the Board and Company Secretary to ensure all statutory and regulatory compliances, including the filing of Form DIR-12 with the Registrar of Companies, are completed within prescribed timelines. He clarified that he would not bear any liability for delays or non-compliance by the company after his cessation date. The resignation letters and detailed disclosures have been enclosed with the regulatory filing.