We Win Limited reported a net profit of ₹4.50 crore for the financial year ended March 31, 2026, marking a 173% year-on-year increase from ₹1.65 crore in the previous year. This significant improvement in profitability was supported by top-line growth and substantial cost efficiencies.

The company's total revenue from operations rose by 19.3% to ₹93.65 crore, up from ₹78.49 crore in FY25. This expansion in sales volume helped offset rising operational costs, leading to a stronger bottom line despite higher employee benefit expenses.

Balance Sheet Strengthens

A key highlight of the annual report was the substantial reduction in leverage. Total borrowings declined sharply from ₹12.4 crore in FY25 to ₹3.4 crore in FY26. This deleveraging exercise significantly improved the company's financial health and reduced interest burdens, contributing directly to the surge in net profits.

Business Segments

The core E-Governance and Citizen Experience vertical remained the primary revenue driver, contributing ₹84.11 crore, or 89.81% of total revenue. Long-standing government engagements across multiple states continued to provide scale and barriers to entry.

Meanwhile, the emerging AI and Software Solutions business posted revenue of ₹9.47 crore, accounting for 10.12% of the total. The company secured a notable order worth ₹27.95 crore for biometric engines from C-DAC, Kolkata, signaling potential future inflows in this segment.

What the Numbers Show

While revenue grew steadily at 19.3%, net profit expanded at a much faster pace of 173%. This divergence suggests significant operating leverage, likely driven by the sharp reduction in finance costs due to debt repayment and potentially favorable tax treatments or government grants, rather than pure operational margin expansion alone. The company also reported a Q1FY27 revenue of ₹23.55 crore, indicating sustained momentum into the new fiscal year.

We Win Limited has scheduled its 19th Annual General Meeting (AGM) for September 25, 2026. The meeting will address the reappointment of director Mrs. Sonika Gupta and the appointment of a new statutory auditor for a five-year term.

The board approved these resolutions during its meeting on August 29, 2026. The AGM will be held at the company’s registered office in Bhopal at 11:00 am. The register of members and share transfer book will remain closed from September 19 to September 25, 2026 (both days inclusive). The cut-off date for voting rights is set for September 18, 2026.

Auditor Appointment and Fee Structure

The company proposes to appoint M/s Sandeep Mukherjee & Associates as its statutory auditor, replacing outgoing auditors M/s Sethia Manoj & Co., who are completing their five-year tenure. The new firm will hold office from the conclusion of the 19th AGM until the conclusion of the 24th AGM (2026-2031).

The proposed remuneration for M/s Sandeep Mukherjee & Associates is ₹1,70,000 per year, plus applicable taxes and out-of-pocket expenses. This represents an increase from the ₹1,51,000 paid to the outgoing auditors for FY26. The appointment is subject to shareholder approval at the AGM.

CA Sandeep Mukherjee brings over 28 years of post-qualification experience in audit, taxation, finance, and corporate advisory services. The Bhopal-based firm is registered with the Institute of Chartered Accountants of India (ICAI).

Director Reappointment

Mrs. Sonika Gupta (DIN: 01527904), who is eligible to retire by rotation, has offered herself for reappointment. She has served on the board since the company’s incorporation in June 2007. For FY26, she drew a remuneration of ₹72,00,000. Her shareholding stands at 34,26,700 equity shares.

ESOP Disclosures

Shareholders will also take note of disclosures related to the We Win Limited Employee Stock Option Scheme, 2025 (ESOP 2025). The scheme was approved via postal ballot in December 2025. The company has received in-principle approvals from NSE and BSE for listing shares arising from option exercises. The scheme is administered directly by the company, not through a trust, and involves the issuance of fresh equity shares.

Governance and Voting

Mr. SM Ashraf, a practicing company secretary, was appointed as the scrutinizer for e-voting. MUFG Intime India Private Limited serves as the e-voting agency. Remote e-voting will commence on September 22, 2026, at 9:00 am and end on September 24, 2026, at 5:00 pm.

The board also approved the Board’s Report for the financial year ended March 31, 2026. No dividend was recommended for FY26.