VL E-Governance & IT Solutions has filed its 10th Annual Report for the financial year ended March 31, 2026, with the Bombay Stock Exchange and the National Stock Exchange of India. The filing was made pursuant to Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The annual report has been dispatched electronically to members who have registered their email addresses with the company, registrars, or depositories. It is also accessible on the company's official website.

AGM agenda and key resolutions

The company has scheduled its 10th Annual General Meeting for September 24, 2026 at 4:00 pm via Video Conferencing and Other Audio Visual Means.

The meeting will take up both ordinary and special business. Under ordinary business, members will consider adoption of the audited standalone financial statements for the financial year ended March 31, 2026, along with the appointment of Mr. Sanjay Nandwana (DIN: 03565954) as Managing Director liable to retire by rotation. The special business seeks member approval for material related party transactions with Vakrangee Limited for an aggregate value not exceeding ₹50 crore during FY 2026-27.

E-voting schedule and record date

The company has engaged National Securities Depository Limited as the authorised agency for remote e-voting. The key dates for the e-voting process are as follows:

Members whose names appear in the Register of Members or as Beneficial Owners as on the cut-off date of September 17, 2026 are eligible to cast their votes electronically. Voting rights are in proportion to each member's share in the paid-up equity share capital as on that date.

Material related party transaction with Vakrangee Limited

The company's annual consolidated turnover as on March 31, 2026 stood at ₹30.68 crore. The proposed material related party transaction with Vakrangee Limited, which shares common promoters with VL E-Governance & IT Solutions, involves supply of goods and services. The transaction tenure is not exceeding 15 months, from the date of the AGM to the date of the next AGM, with the maximum value of a single transaction not exceeding ₹1 crore.

The following table summarises the financial profile of Vakrangee Limited and the history of transactions between the two entities:

The proposed transaction value of ₹50 crore represents 292% of VL E-Governance & IT Solutions' annual consolidated turnover for FY 2025-26, and up to 27% of Vakrangee Limited's annual standalone turnover for the same period. Transactions during the current financial year up to the date of Audit Committee approval stood at ₹0.55 crore. The Audit Committee has granted prior approval for these transactions, confirming they are at arm's length and in the ordinary course of business.

Promoter interest and governance disclosures

Mrs. Jyoti Dinesh Nandwana holds 4.76% shareholding, direct and indirect, in Vakrangee Limited. Ms. Divya Nandwana, Chairman and Executive Director, and Mr. Vedant Nandwana, Managing Director, are the daughter and son, respectively, of Mrs. Jyoti Dinesh Nandwana. Mrs. Jyoti Dinesh Nandwana holds, directly and indirectly, 23.24% of the shareholding in VL E-Governance & IT Solutions. The company has stated that all proposed related party transactions are not prejudicial to the interests of public shareholders and will be carried out on the same terms applicable to unrelated parties.

Ms. Kalpana Srinivasan, Practising Company Secretary, has been appointed as Scrutinizer to oversee the e-voting process.

VL E-Governance & IT Solutions Limited has announced its audited standalone financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the results during a meeting held on May 21, 2026. The company released an investor presentation detailing its financial performance and strategic business updates.

Financial Performance for FY26

For the financial year ended March 31, 2026, the company reported a net loss of ₹113.07 crore, a significant decline from the net profit of ₹2,517.03 crore recorded in the previous year. Revenue from operations decreased to ₹1,715.43 lakh from ₹3,068.86 lakh in the prior year. Total income for the year stood at ₹1,766.01 lakh, down from ₹3,238.79 lakh in FY25.

The company's total expenses for the year amounted to ₹1,876.25 lakh, compared to ₹3,098.74 lakh in the previous year. Basic earnings per share (EPS) for FY26 were reported at (₹0.10), compared to (₹236.42) in the previous year.

Quarterly Results Summary

For the quarter ended March 31, 2026, VL E-Governance & IT Solutions reported a net loss of ₹58.73 lakh. Revenue from operations for the quarter stood at ₹118.54 lakh, while total income was ₹123.14 lakh. Total expenses for the quarter were ₹181.15 lakh. The basic and diluted EPS for the quarter were both reported at (₹0.05).

Balance Sheet and Strategic Updates

As of March 31, 2026, the company's total assets stood at ₹4,719.82 lakh, slightly lower than ₹4,848.32 lakh in the previous year. Total equity decreased to ₹4,456.61 lakh from ₹4,569.66 lakh. The cash and cash equivalents at the end of the period were ₹203.82 lakh, compared to ₹149.60 lakh at the beginning of the year. The net cash generated from operating activities for the year was ₹32.00 lakh.

The investor presentation highlighted strategic initiatives, including the signing of a binding term sheet to acquire a 40% equity stake in HAL-Edgewood Technologies Private Limited (HETL). This joint venture with Hindustan Aeronautics Limited (HAL) aims to expand into high-tech sectors such as aviation, aerospace, and defence. The company also outlined its focus on large-scale e-governance projects, including the Digital India Land Records Modernisation Programme (DILRMP) and the PM e-Drive Scheme for electric vehicle charging stations.