Unipro Technologies has issued an addendum to its Annual General Meeting notice, proposing a fourfold increase in the monthly remuneration of Whole-time Director and CEO Bharat Kumar Kakkireni. The revision raises his compensation from ₹1 lakh to ₹4 lakh per month, effective October 1, 2026.

The proposal, scheduled for approval at the 41st AGM on September 30, 2026, cites the director's role in the company's revival and turnaround efforts. The Nomination and Remuneration Committee and the Board approved the change on September 8, 2026, subject to member consent via a Special Resolution.

Remuneration Structure and Regulatory Compliance

The proposed annual remuneration stands at ₹48 lakh. As the company reported inadequate profits for FY26, this amount is payable as minimum remuneration under Schedule V of the Companies Act, 2013. The company’s effective capital is less than ₹5 crore, a threshold that caps managerial remuneration at ₹60 lakh annually for such entities. The proposed figure remains within this statutory limit.

Financial Context of the Revision

The explanatory statement highlights a significant shift in operational scale as justification for the pay hike. Revenue from operations grew from ₹6.63 lakh in FY25 to ₹99.99 lakh in FY26. Despite this top-line expansion, the company remained loss-making, reporting a net loss after tax of ₹30.80 lakh in FY26, compared to a net loss of ₹35.03 lakh in FY25.

The board noted that costs associated with the revival programme exceeded revenue during the period. The newly appointed management has focused on regulatory compliance, including re-listing on the BSE, and positioning the firm as an IT consultancy.

What the Numbers Show

A divergence exists between the magnitude of the revenue growth and the absolute scale of operations. While revenue expanded approximately 15 times year-over-year, the absolute base remains small at under ₹1 crore. The proposed remuneration of ₹48 lakh represents nearly half of the company’s total FY26 revenue (₹99.99 lakh). This ratio underscores the early-stage nature of the company's turnaround, where executive compensation is being aligned with strategic leadership needs rather than current profitability metrics.

Unipro Technologies Limited held its Board of Directors meeting on 6 May 2026, wherein the board approved the audited standalone financial results for the fourth quarter and full year ended 31 March 2026, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board also took note of the resignation of the Company Secretary and Compliance Officer during the meeting, which commenced at 12 p.m. and concluded at 2:15 p.m. The statutory auditor, M M Reddy & Co., Chartered Accountants (Firm Reg. No. 010371S), issued an audit report with an unmodified opinion on the standalone financial results. Subsequently, on 8 May 2026, the company filed a newspaper advertisement compliance with BSE Limited, confirming publication of the audited standalone financial results for the quarter and year ended 31 March 2026 in The Visionary News (English) and Disha (Telugu), pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance Overview

Unipro Technologies reported a significant improvement in revenue for the full year, with total revenue from operations rising sharply to ₹99.99 lakhs compared to ₹6.63 lakhs in the previous year. Despite this growth, the company continued to report a net loss, though the loss narrowed year-on-year. The following table presents the key financial metrics from the audited standalone statement of profit and loss:

Employee benefits expense for FY26 stood at ₹111.44 lakhs, significantly higher than ₹12.72 lakhs in FY25, remaining the largest cost component. The auditor drew attention to the fact that the company has not obtained an actuarial valuation in respect of its gratuity obligations as required under Ind AS 19, and the impact, if any, on the financial statements is not presently ascertainable. An extraordinary item of ₹3.10 lakhs was recorded in Q4 FY26, contributing to the quarter's pre-tax loss of ₹11.97 lakhs.

Balance Sheet Highlights

The company's balance sheet as at 31 March 2026 reflects total assets of ₹410.79 lakhs, up from ₹388.15 lakhs in the previous year. Total equity remained negative at ₹(120.02) lakhs, compared to ₹(89.22) lakhs as at 31 March 2025, driven by accumulated losses. Key balance sheet figures are presented below:

Cash Flow Summary

The company's cash flow statement for the year ended 31 March 2026 reflects continued cash outflows from operating activities. Net cash used in operating activities stood at ₹(47.81) lakhs, compared to ₹(37.67) lakhs in the previous year. There were no cash flows from investing activities during FY26, while financing activities generated ₹52.21 lakhs primarily through proceeds from borrowings. As a result, cash and cash equivalents at the end of the year increased to ₹7.90 lakhs from ₹3.50 lakhs at the beginning of the year.

Company and Compliance Details

The results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 6 May 2026. The company operates in IT and Software Services and has no separate reportable segments as per Ind AS 108. The statutory auditor confirmed that the financial results are presented in accordance with Regulation 33 of the Listing Regulations and give a true and fair view in conformity with applicable Indian Accounting Standards. The declaration under Regulation 33(3)(d) confirms that the auditors have issued an unmodified opinion on the standalone financial results for the year ended 31 March 2026. The results were subsequently published in newspapers on 8 May 2026 in compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Source: None/Company/INE448F01012/2e7da351-6646-4ea6-857f-184a90a18971.pdf