Axentra Corp Limited (formerly known as Dugar Housing Development Limited) reported deteriorating financial performance for the quarter ended 31st December 2025, with losses widening significantly compared to the previous year. The company also announced major leadership changes during its board meeting held on 12th February 2026.

Financial Performance Analysis

The company's financial results for Q3FY26 showed a challenging operational environment with increased losses across key metrics.

The company generated ₹8.20 lakhs in total revenue during Q3FY26, entirely from other income, as there was no revenue from operations. This compares to zero revenue in the corresponding quarter of the previous year. However, the significant increase in expenses, particularly other expenses which rose from ₹1.23 lakhs to ₹9.95 lakhs, resulted in a wider net loss.

Nine-Month Performance Comparison

The nine-month period results revealed a stark contrast in year-over-year performance, highlighting the company's operational challenges.

For the nine-month period ended 31st December 2025, Axentra Corp recorded a net loss of ₹23.02 lakhs compared to a profit of ₹20.17 lakhs in the same period of the previous year. The company's revenue declined to ₹18.57 lakhs from ₹30.00 lakhs, while expenses surged dramatically to ₹41.59 lakhs.

Leadership Transition

The company announced significant changes in its leadership structure during the board meeting held on 12th February 2026.

Key Appointments:

• Mr. Senthil Kumar Bellan (DIN: 11536666) appointed as Additional Director and Managing Director
• Mr. Kumarappan Palaniappan (DIN: 10986223) appointed as Additional Director under Non-Executive and Non-Independent category

Management Change Details: Mr. Kumarappan Palaniappan resigned from his position as Managing Director effective 10th February 2026, citing pre-occupation and personal reasons. His resignation letter indicated inability to devote full-time attention required for the position's operational demands.

New Managing Director Profile

Mr. Senthil Kumar Bellan brings extensive international experience to his new role as Managing Director. His professional background includes:

• Experience: Over 27 years of international experience across India, Malaysia, Oman, Jordan, Australia, and Sri Lanka
• Expertise: Accounting, taxation, and business operations management across multiple regulatory frameworks
• Specialization: Australian superannuation fund administration and cross-border financial services
• Education: MBA in Finance and M.Com, with professional training with chartered accountants
• Current Role: Chief Financial Officer of the Company

Share Capital and Earnings Impact

The company's paid-up equity share capital increased significantly to ₹970.00 lakhs as of 31st December 2025, compared to ₹300.00 lakhs in the previous year. The earnings per share reflected the company's poor performance, with basic and diluted EPS at -₹0.049 for Q3FY26 compared to -₹0.098 in Q3FY25. For the nine-month period, EPS stood at -₹0.237 against a positive ₹0.672 in the corresponding period of FY25.

The financial results were reviewed and approved by the Board of Directors and subjected to limited review by statutory auditors M Sahu & Co, Chartered Accountants. The company continues to operate without any revenue from operations, relying solely on other income sources while managing increased operational expenses.

Axentra Corp Limited (formerly Dugar Housing Developments Limited) conducted a board meeting on January 13, 2026, focusing on strategic positioning and potential acquisition opportunities. The meeting, which lasted 23 minutes from 3:00 pm to 3:23 pm, addressed the company's growth strategy in the current market environment.

Strategic Review and Market Assessment

The board of directors considered various aspects of the company's strategic positioning during the meeting. Management presented a comprehensive overview covering current market conditions, industry trends, and emerging growth opportunities. The discussion encompassed potential areas for business expansion and strategic initiatives to enhance the company's market presence.

Acquisition Strategy and Target Identification

A significant portion of the meeting focused on potential acquisitions as a growth strategy. The company outlined its approach to identifying and evaluating target companies that could complement its existing operations.

The management emphasized that the acquisition strategy aims to subsidize and optimize the company's available resources while expanding its operational scope. The identification process for potential target companies is currently underway, with the company committed to providing timely updates to stakeholders as developments occur.

Regulatory Compliance and Disclosure

Axentra Corp Limited filed the meeting outcome with BSE Limited under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company maintains transparency in its strategic initiatives while adhering to regulatory disclosure requirements.

The board meeting reflects the company's proactive approach to strategic planning and growth opportunities in the evolving market landscape. Management's focus on acquisitions indicates a commitment to expanding the company's business portfolio through strategic partnerships and investments.