Vakrangee Limited shareholders adopted the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026, during the company's 36th Annual General Meeting (AGM) held on September 23, 2026.

The meeting, conducted via Video Conferencing and Other Audio Visual Means, also saw the re-appointment of Vedant Dinesh Nandwana as Managing Director. He retires by rotation and was eligible for re-appointment. The board meeting was chaired by Divya Dinesh Nandwana.

Key resolutions passed

Shareholders voted on six items of business, including the approval of material related party transactions with three group entities. The resolutions were passed through remote e-voting and voting by members present at the AGM.

Governance and compliance

The e-voting facility was available to members from September 20, 2026, to September 22, 2026. The AGM commenced at 11:00 am and concluded at 11:32 am. Amit Gadgil served as the Company Secretary and Compliance Officer for the proceedings. The meeting complied with the Companies Act 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Vakrangee Limited filed its 7th Integrated Annual Report and 36th Annual Accounts for FY2025-26, reporting consolidated profit after tax of ₹1,111.9 lakh, a 79.3% increase year-on-year, while EBITDA rose 22.7% to ₹3,426.1 lakh.

The report covers the period from April 1, 2025 to March 31, 2026, and was submitted to BSE Limited and National Stock Exchange of India on August 31, 2026 pursuant to Regulation 34(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

FY2026 marked a decisive improvement in earnings quality. Total income grew 0.8% to ₹26,136.2 lakh despite a deliberate reduction in low-margin business. The improvement was concentrated below the revenue line, with EBITDA margin expanding from 11.0% in FY2025 to 13.4% in FY2026, a 249 basis-point expansion. Cash flow from operations before tax turned positive at ₹63.7 crore, compared with a deficit of ₹25.1 crore in the prior year. The Group remained debt-free, with net worth increasing to ₹22,335.4 lakh from ₹21,166.9 lakh.

Operating Platform

The Company operated 23,087 active transacting Vakrangee Kendras across 32 States and Union Territories, covering 609 districts and 5,873 postal codes, with approximately 84% of the network located in Tier IV, V and VI markets. Annual Gross Transaction Value stood at ₹53,791.2 crore and annual transactions totalled 11.6 crore. The ATM estate comprised 6,073 units, of which approximately 77% were located in Tier IV–VI locations.

Revenue Mix and High-Margin Shift

BFSI contributed 49.0% of revenue from operations in FY2026, up from 47.7% in FY2025, making it the largest monetisation pool. ATM operations contributed 20.2%, sale of ATM products and services contributed 19.8%, and e-commerce and other services contributed 11.0%. Revenue from operations for the year was ₹25,476.5 lakh on a consolidated basis.

Vortex Engineering

Subsidiary Vortex Engineering Private Limited shipped 1,679 ATM machines during FY2026, up from 1,651 in FY2025. Vortex reported total income of ₹6,728.8 lakh and EBITDA of ₹127.1 lakh, compared with EBITDA of ₹10.9 lakh in FY2025, reflecting a significant improvement in operating profitability driven by growth in AMC business, annuity-based revenue and the Perfo® software platform.

Balance Sheet and Key Ratios

The standalone balance sheet reflected equity share capital of ₹10,831.9 lakh, unchanged from the prior year. Trade receivables reduced from ₹2,701.6 lakh to ₹2,047.4 lakh on a consolidated basis, and inventory reduced from ₹1,830.0 lakh to ₹1,617.0 lakh, indicating improved working capital discipline. The consolidated current ratio stood at 1.81x and return on net worth at 4.98% for FY2026.

ESG and Sustainability Highlights

The Company reported 95.2% renewable share of reported electricity consumption, on-site solar generation of 40,102 kWh, Scope 1 emissions of 0.03 tCO2e and Scope 2 emissions of 13.62 tCO2e. Paper-light banking, ATM and annual report initiatives collectively avoided 244.57 million A4 sheets and 1,223.85 tonnes of paper. The Company recorded zero reported customer-privacy complaints and zero identified data leaks, thefts or losses during FY2026.

• Women-owned Kendras: 2,950
• Kendras in Tribal, LWE and Aspirational districts: 5,425
• Total training hours: 1,591.5
• New hires during FY2026: 168

The statutory audit was conducted by M/s. S. K. Patodia & Associates LLP, Chartered Accountants, whose report contained no qualifications, reservations, adverse remarks or disclaimers. The secretarial audit was conducted by Kalpana Srinivasan, Practising Company Secretary, and also contained no qualifications or adverse remarks.