Usha Martin Education & Solutions has scheduled its 29th Annual General Meeting for Wednesday, September 30, 2026. The event will commence at 1:00 pm and will be conducted through Video Conferencing or Other Audio Visual Means.

Financial Results for FY26

The company reported a significant improvement in its financial performance for the fiscal year ended March 31, 2026. Standalone revenue from operations rose to ₹88.0 million from ₹52.4 million in the previous year. Consolidated gross income stood at ₹91.4 million, compared to ₹98.5 million in FY25.

Profitability metrics showed strong growth. Standalone profit after tax reached ₹38.2 million, up from ₹17.2 million in FY25. Consolidated profit after tax was ₹39.4 million, an increase from ₹31.3 million the prior year. The board did not recommend any dividend for the current financial year.

What the Numbers Show

The surge in standalone profit after tax was driven by a combination of higher operational revenue and significantly reduced finance costs. Finance cost dropped to ₹4.9 million from ₹12.1 million in the prior year, indicating improved debt management or lower interest burdens. Additionally, operating and administrative expenses fell to ₹21.7 million from ₹28.7 million, contributing to the expansion in margins.

Meeting Details and Agenda

The company notified the National Stock Exchange of India Ltd and the Bombay Stock Exchange Limited regarding the upcoming shareholder meeting. The intimation was issued pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Ordinary Business

Shareholders will consider and adopt the Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026. The meeting will also see the re-appointment of Mrs. Gangotri Guha (DIN: 01666863) as a director, who retires by rotation.

Special Business

A special resolution will be proposed for the re-appointment of Mr. Anil Kumar Modi (DIN: 00076129) as an Independent Director for a second term of five consecutive years. Mr. Modi holds office as an Independent Director and meets the criteria for independence under Section 149(6) of the Companies Act, 2013.

Compliance and Notifications

Usha Martin Education published a newspaper advertisement on September 5, 2026, in Business Standard and Arthik Lipi. This disclosure complies with MCA General Circular Nos. 20/2020 and the latest circular 03/2025 dated September 22, 2025.

Electronic copies of the notice concerning the AGM and the Annual Report will be made available to members via email. The register of Members and Share Transfer Books will remain closed from September 24, 2026, to September 30, 2026, both days inclusive.

Usha Martin Education & Solutions Limited reported a consolidated net profit of ₹1.98 lakh for the quarter ended June 30, 2026, down from ₹2.44 lakh in the same period of the previous fiscal year. Consolidated revenue from operations declined to ₹12.00 lakh from ₹13.25 lakh year-on-year. The company’s Board of Directors approved the unaudited standalone and consolidated financial results during its meeting held on August 13, 2026.

Financial Performance

The consolidated statement shows a total income of ₹12.00 lakh for Q1FY26, compared to ₹15.40 lakh in Q1FY25. This decrease was driven by lower revenue from operations and the absence of other income in the current quarter, whereas the prior year recorded ₹2.15 lakh in other income. Total expenses stood at ₹9.98 lakh, a reduction from ₹12.81 lakh in the corresponding quarter of FY25.

Standalone results mirrored the consolidated trends. Standalone net profit was ₹1.86 lakh, compared to ₹1.99 lakh in Q1FY25. Standalone revenue from operations remained flat at ₹12.00 lakh, matching the consolidated figure. Total standalone expenses were ₹10.14 lakh, down from ₹12.96 lakh in the prior year.

Expense Breakdown

Employee benefits expense accounted for the largest share of costs, totaling ₹5.56 lakh in the consolidated statement, slightly lower than the ₹5.87 lakh recorded in Q1FY25. Finance costs decreased significantly to ₹0.83 lakh from ₹1.64 lakh in the prior year. Other expenses also contracted to ₹3.54 lakh from ₹5.21 lakh. Depreciation and amortization expense remained minimal at ₹0.05 lakh.

The company incurred a current tax expense of ₹0.04 lakh on its consolidated profit before tax of ₹2.02 lakh. In the standalone books, no tax expense was recognized. The auditors noted that the company has unabsorbed depreciation and business losses available for set-off under the Income Tax Act, 1961, but deferred tax assets have not been recognized due to uncertainty regarding future taxable income.

What the Numbers Show

The decline in net profit is primarily attributable to the drop in other income rather than operational inefficiencies. While revenue from operations dipped marginally by approximately 9% year-on-year, total expenses fell by roughly 22%. This divergence suggests that cost containment measures or reduced financing charges helped offset the revenue decline, keeping the bottom line relatively stable despite the top-line contraction.

Audit and Compliance

BCAG & Associates, Chartered Accountants, conducted the review of the interim financial information in accordance with Standard on Review Engagement (SRE) 2410. The firm issued an unmodified opinion, stating that nothing came to their attention to suggest the statements were not prepared in accordance with applicable accounting standards. The consolidated results include the financials of subsidiary Usha Martin Education Private Limited, which reported total assets of ₹130.08 lakh and a net profit after tax of ₹0.12 lakh for the quarter.