Anka India Limited announced its unaudited financial results for the third quarter ended December 31, 2025, revealing significant losses on a standalone basis while showing operational revenue through its consolidated subsidiary. The Board of Directors approved these results at their meeting held on January 23, 2026.

Standalone Financial Performance

The company's standalone operations showed a dramatic deterioration in Q3 FY26 performance. With zero revenue from operations, the company relied entirely on other income of ₹10.38 lakhs, down from ₹14.07 lakhs in the corresponding quarter of the previous year.

The massive increase in expenses was primarily driven by other expenses, which surged to ₹715.92 lakhs in Q3 FY26 from ₹12.78 lakhs in Q3 FY25. For the nine months ended December 31, 2025, the standalone entity recorded a net loss of ₹744.19 lakhs compared to a profit of ₹18.99 lakhs in the corresponding period of FY25.

Consolidated Financial Results

The consolidated results present a different picture, reflecting the operations of the subsidiary Futech Internet Private Limited. The consolidated entity generated revenue from operations of ₹394.26 lakhs in Q3 FY26, though this was lower than ₹489.29 lakhs in Q3 FY25.

The consolidated operations showed improvement with a reduced net loss of ₹3.32 lakhs in Q3 FY26 compared to a loss of ₹37.81 lakhs in Q3 FY25. For the nine-month period, consolidated operations achieved a net profit of ₹5.28 lakhs.

Auditor Qualifications and Key Issues

The statutory auditors R.S. Prabhu & Associates issued qualified review reports for both standalone and consolidated results, highlighting several concerns:

Standalone Qualifications:

• Recognition of impairment loss of ₹6.99 crores on Intangibles under Development without adequate supporting evidence
• Continued recognition of minimum alternative tax of ₹35.38 lakhs as an asset despite the company's loss history

Consolidated Qualifications:

• Goodwill of ₹18.96 crores recognized during consolidation has not been tested for impairment as of December 31, 2025
• Similar concerns regarding minimum alternative tax recognition of ₹35.38 lakhs

Corporate Structure and Acquisition

The company acquired 100% stake in Futech Internet Private Limited through a share swap arrangement dated March 13, 2025, with effective share allotment on June 11, 2025. This acquisition resulted in a reverse merger situation under Ind AS 103 - Business Combinations.

The subsidiary Futech Internet Private Limited contributed significantly to consolidated performance with total revenues of ₹397.54 lakhs and net profit of ₹2.97 lakhs for Q3 FY26. For the nine-month period, the subsidiary generated revenues of ₹1,567.34 lakhs with net profit of ₹9.13 lakhs.

Financial Position and Operations

The company operates in a single business segment and continues to have minimal standalone operations. The weighted average paid-up equity share capital increased to ₹515.42 lakhs in Q3 FY26 from ₹128.41 lakhs in Q3 FY25, reflecting the share swap arrangement.

Employee benefits expense in consolidated operations stood at ₹277.22 lakhs for Q3 FY26, while depreciation and amortization expense was ₹31.49 lakhs. The company's financial results are available on its website www.ankaindia.com .

Anka India Limited has announced that its board of directors will convene on January 23, 2026, to review and approve the company's third-quarter financial performance for FY26. The IT software company has formally notified the Bombay Stock Exchange about this scheduled board meeting in accordance with regulatory requirements.

Board Meeting Details

The meeting has been scheduled to consider several important agenda items related to the company's financial disclosure obligations. The board will deliberate on both standalone and consolidated financial statements for the reporting period.

Regulatory Compliance

The company has issued this intimation pursuant to Regulation 29(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to inform stock exchanges about board meetings where financial results will be considered, ensuring transparency and proper market disclosure.

Trading Window Restrictions

In line with the company's internal compliance framework, Anka India has implemented trading restrictions to prevent insider trading. The trading window closure affects multiple stakeholders within the organization.

The communication was signed by Sulakshana Trikha, Whole Time Director of the company, bearing DIN 02924761. This formal notification ensures that all stakeholders and market participants are aware of the upcoming financial disclosure and associated trading restrictions, maintaining market integrity and regulatory compliance.