eClerx Services Limited has successfully concluded its postal ballot process and subsequently announced the record date for bonus share allotment. The company declared postal ballot results on March 6, 2026, with all three proposed resolutions receiving overwhelming shareholder support, followed by fixing March 13, 2026, as the record date for bonus share issuance.

Postal Ballot Results Overview

The company conducted the postal ballot with January 30, 2026, as the record date, covering a total of 69,796 shareholders. All three agenda items were successfully passed with requisite majority support from shareholders across different categories, with 482 shareholders participating in the e-voting process for each resolution.

Key Resolution Approvals

The bonus share issuance resolution received approval from 98.67% of the votes cast, with promoters showing complete support for the capital restructuring initiative. The special resolution for re-appointment of Mr. Srinjay Sengupta as Non-Executive Independent Director achieved 99.09% approval, while the Employee Stock Scheme amendment garnered 99.25% support.

Bonus Share Allotment Timeline

Following the successful postal ballot approval, eClerx Services has fixed Friday, March 13, 2026, as the record date for determining shareholder eligibility for bonus share issuance. The bonus shares will be issued in the proportion of 1:1, meaning one new fully paid-up equity share of ₹10 each for every existing equity share held. Trading of the bonus shares will commence from March 17, 2026.

Regulatory Compliance and Next Steps

The company has communicated the record date intimation to BSE Limited and National Stock Exchange of India Limited pursuant to Regulation 42 of SEBI Listing Regulations. In accordance with SEBI circular CIR/CFD/PoD/2024/122 dated September 16, 2024, the deemed date of allotment will be March 16, 2026, with bonus shares available for trading from the next working day.

CS Savita Jyoti confirmed that all resolutions met the required majority thresholds, with special resolutions receiving more than three times the votes in favour compared to votes against. The postal ballot process was conducted through KFin Technologies Limited's e-voting platform, ensuring compliance with all regulatory requirements under the Companies Act, 2013, and SEBI Listing Regulations.

eClerx Services Limited has delivered impressive financial results for the third quarter of FY26, showcasing strong operational performance and strategic corporate actions that underscore the company's robust market position.

Financial Performance Highlights

The company's consolidated financial results for Q3FY26 demonstrate exceptional growth momentum across all key performance indicators.

The standalone results also reflected strong performance, with revenue from operations reaching Rs. 7,361.00 million compared to Rs. 6,086.26 million in Q3FY25, representing a growth of 20.95%. Standalone net profit increased to Rs. 1,259.69 million from Rs. 832.25 million, marking a substantial 51.34% year-on-year improvement.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, eClerx Services maintained its growth trajectory with consolidated revenue from operations of Rs. 30,097.39 million compared to Rs. 24,675.79 million in the corresponding period of FY25. The consolidated net profit for the nine-month period reached Rs. 5,168.18 million, up from Rs. 3,887.42 million in the previous year.

Management Commentary and Business Outlook

During the earnings call held on January 29, 2026, Managing Director and Group CEO Kapil Jain highlighted strong quarterly performance with operating revenue of $121.7 million, up 5.4% sequentially. In INR terms, Q3 operating revenue reached Rs. 10,703 million, up 6.5% sequentially. EBITDA for Q3 stood at Rs. 3,075 million at a margin of 27.9%, up 3.1% sequentially.

The management expressed cautious optimism about future growth, with Jain noting that while Q4 may be softer than the first three quarters due to inherent business volatility, underlying demand remains healthy with a robust pipeline.

Strategic Corporate Actions

The Board of Directors approved several significant corporate actions during their meeting held on January 28, 2026. Most notably, they recommended the issue of bonus equity shares in the ratio of one equity share for every one equity share held in the company, subject to shareholders' approval through postal ballot.

The company successfully completed its share buyback program, which was initially approved by the Board on October 24, 2025. The buyback involved 625,000 equity shares at a revised price of Rs. 4,800 per share, totaling Rs. 3,000 million. The settlement was completed on January 2, 2026, with the bought-back shares being extinguished in January 2026.

Technology and AI Initiatives

eClerx Services continues to invest heavily in artificial intelligence and automation technologies. The company has started working on AI projects across larger and mid-tier clients, with particular focus on Agentic AI for self-healing services. Management reported winning deals for Agentic AI deployments and running pilots across all clients.

Regulatory Compliance and Governance

The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on January 28, 2026. Price Waterhouse Chartered Accountants LLP conducted the limited review of both standalone and consolidated financial results, with no qualifications reported in their review reports. The results have been prepared in accordance with Indian Accounting Standards (Ind AS) 34 "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013.