Yudiz Solutions returns to profit in FY26, appoints auditor

1 min read     Updated on 02 Jun 2026, 12:49 AM
scanx
Reviewed by
Naman SScanX News Team
AI Summary

Yudiz Solutions Limited returned to profitability in FY26 with a net profit of ₹36.03 lakh, reversing a net loss of ₹56.06 lakh in the previous year. Revenue from operations grew to ₹2,175.14 lakh. The Board approved the audited financial results on May 30, 2026, which included exceptional items of ₹84.39 lakh due to new labour codes. The company invested ₹2,935.93 lakh in Intense Technologies Limited and appointed M/s. Parth Shah & Associates as the new Secretarial Auditor following the resignation of M/s. Shilvi Patel and Associates.

powered bylight_fuzz_icon
41886043

*this image is generated using AI for illustrative purposes only.

Yudiz Solutions Limited returned to profitability in the financial year ended March 31, 2026, reporting a net profit of ₹36.03 lakh compared to a net loss of ₹56.06 lakh in the previous year. Revenue from operations for the year increased to ₹2,175.14 lakh from ₹2,095.36 lakh in FY25. The company’s Board approved the audited standalone and consolidated financial results at a meeting held on May 30, 2026.

The statutory auditors, M/s. Das & Prasad, issued an audit report with an unmodified opinion on the standalone financial results. The financial performance included exceptional items amounting to ₹84.39 lakh, recognized due to the impact of new labour codes effective from November 21, 2025. Total income for the year stood at ₹2,332.41 lakh, while total expenses were reported at ₹2,228.07 lakh.

Operational Highlights and Investments

During the year, the company invested ₹2,935.93 lakh in equity shares of Intense Technologies Limited through open market transactions as part of its treasury and investment strategy. The company stated that this investment does not result in the acquisition of control or participation in the management of the investee company. Additionally, the total proceeds from the IPO issue amounted to ₹4,484.04 lakh, with ₹2,924.59 lakh pending to be utilized as per the revised plan.

Governance and Auditor Changes

The Board accepted the resignation of M/s. Shilvi Patel and Associates as Secretarial Auditor, effective May 30, 2026, due to the surrender of the Certificate of Practice by the proprietor. Subsequently, based on the recommendations of the Audit Committee, the Board appointed M/s. Parth Shah & Associates as the new Secretarial Auditor for the financial year 2025-26.

Financial Performance Summary

The following table summarizes the standalone financial performance for the year ended March 31, 2026:

Particulars Year Ended 31st March, 2026 (₹ in Lakh) Year Ended 31st March, 2025 (₹ in Lakh)
Revenue from Operations 2,175.14 2,095.36
Total Income 2,332.41 2,397.42
Total Expenses 2,228.07 2,597.00
Profit Before Tax 19.95 (199.58)
Net Profit/(Loss) 36.03 (56.06)
Earnings Per Share (Basic & Diluted) 0.35 (0.54)

Historical Stock Returns for Yudiz Solutions

1 Day5 Days1 Month6 Months1 Year5 Years
+4.00%+1.17%-2.99%-7.96%-16.13%-85.67%

How will the company utilize the remaining ₹2,924.59 lakh from the IPO proceeds under the revised plan?

What impact will the new labour codes have on the company's operational costs going forward?

What is the strategic rationale behind the significant investment in Intense Technologies Limited?

Yudiz Solutions independent director Utpal Vaishnav resigns

1 min read     Updated on 26 May 2026, 03:19 AM
scanx
Reviewed by
Anirudha BScanX News Team
AI Summary

Independent Director Utpal Vaishnav resigned from Yudiz Solutions Limited effective May 22, 2026, citing extended travel abroad. He stepped down from the Board and his committee roles, including the Nomination and Remuneration Committee. The Board accepted the resignation and confirmed no other material reasons exist for the departure.

powered bylight_fuzz_icon
41291355

*this image is generated using AI for illustrative purposes only.

Independent Director Utpal Vaishnav resigned from Yudiz Solutions Limited effective May 22, 2026, due to extended international travel preventing him from fulfilling his duties. The resignation, submitted via a letter dated May 22, 2026, was accepted by the Board. Consequently, Vaishnav ceased to be a member of the Nomination and Remuneration Committee and the Stakeholders Relationship Committee.

The disclosure was made to the National Stock Exchange of India under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The company confirmed that there are no other material reasons for the resignation beyond those stated in the letter. The Board of Directors placed on record its appreciation for Vaishnav's guidance and contributions during his association with the company.

The resignation was processed in compliance with the Companies Act, 2013, and relevant SEBI circulars. Bharat Shamjibhai Patel, Chairman & Whole Time Director, signed the regulatory filing on May 23, 2026. The specific cessation time was noted as the close of business hours on May 22, 2026.

Resignation Details

Particulars Details
Director Utpal Vaishnav
Designation Non-Executive Independent Director
Reason Travelling abroad for an extended period
Effective Date May 22, 2026
Committee Memberships Ceased Nomination and Remuneration Committee, Stakeholders Relationship Committee

Historical Stock Returns for Yudiz Solutions

1 Day5 Days1 Month6 Months1 Year5 Years
+4.00%+1.17%-2.99%-7.96%-16.13%-85.67%

Who will the Board appoint to fill the vacancy in the Nomination and Remuneration Committee?

How will the departure of an Independent Director impact Yudiz Solutions' corporate governance compliance?

What is the timeline for identifying and appointing a successor to Utpal Vaishnav?

More News on Yudiz Solutions

1 Year Returns:-16.13%