We Win Limited has completed the transmission of 1,72,300 equity shares from its late promoter, Pushpa Gupta, to her nominee, Sitaram Gupta. The transaction finalizes the succession process initiated after Gupta’s demise on May 16, 2026.

The company disclosed the completion in a filing dated September 21, 2026, under Regulation 30 and 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This follows an earlier intimation issued on May 18, 2026, regarding the death of the promoter group member.

Shareholding Details

The transmitted shares represent 1.70% of the total paid-up equity share capital of the company. The equity shares have been registered in the name of Mr. Sitaram Gupta as per the nomination records.

Promoter Group Classification

Pursuant to the applicable provisions of the SEBI LODR Regulations, 2015, Mr. Sitaram Gupta is now classified as a member of the promoter group of the company. The necessary changes in shareholding and promoter classification will be reflected in the relevant statutory and regulatory records.

Ashish Soni, Company Secretary and Compliance Officer of We Win Limited, signed the disclosure confirming the update to the stock exchanges.

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.