Elnet Technologies Limited has delivered strong financial performance for the third quarter of FY26, demonstrating consistent growth across key operational metrics. The Chennai-based software technology park operator reported robust results that reflect the company's stable business model and operational efficiency.

Financial Performance Highlights

The company's Q3FY26 results showcase significant improvement in profitability and revenue generation. Net profit for the quarter reached ₹502.69 lakhs, marking a substantial 16.35% increase from ₹432.04 lakhs reported in Q3FY25. This growth trajectory demonstrates the company's ability to maintain strong margins while expanding its revenue base.

Revenue and Income Analysis

Revenue from operations grew steadily to ₹645.18 lakhs in Q3FY26 compared to ₹587.88 lakhs in the corresponding quarter of the previous year. The company also benefited from strong other income of ₹261.20 lakhs, contributing to total income of ₹906.38 lakhs for the quarter. This diversified income stream provides additional stability to the company's financial performance.

Operational Efficiency and Cost Management

Elnet Technologies maintained effective cost control during the quarter, with total expenses of ₹278.15 lakhs compared to ₹254.61 lakhs in Q3FY25. The company's expense structure includes:

• Employee benefit expenses: ₹52.60 lakhs
• Electricity charges: ₹71.75 lakhs
• Other expenses: ₹86.47 lakhs
• Finance costs: ₹20.99 lakhs
• Depreciation and amortization: ₹46.34 lakhs

Nine-Month Performance

For the nine-month period ended December 31, 2025, Elnet Technologies achieved impressive results with net profit of ₹1,506.92 lakhs, representing a 17.56% increase from ₹1,281.80 lakhs in the corresponding period of FY25. Revenue from operations for the nine-month period reached ₹1,878.43 lakhs, up from ₹1,779.78 lakhs in the previous year.

Corporate Governance and Compliance

The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on February 5, 2026. The results have been prepared in accordance with Indian Accounting Standards (Ind AS) and reviewed by M/s. Selvam & Suku, Chartered Accountants, the company's statutory auditors. The company operates with a paid-up equity share capital of ₹400.00 lakhs with a face value of ₹10.00 per share, maintaining a stable capital structure throughout the reporting period.

Elnet Technologies has announced the successful completion of its 1st Extra-Ordinary General Meeting (EGM) held on February 03, 2026, through video conference. The meeting resulted in unanimous shareholder approval for a key board appointment, demonstrating strong investor confidence in the company's governance decisions.

Director Appointment Receives Unanimous Support

The primary agenda item for the EGM was the appointment of Mrs. A.R. Rajalakshmi (DIN: 09213839) as Non-executive Director of the company. The resolution received overwhelming support from shareholders, with the voting results showing complete unanimity.

The voting was conducted through two modes - remote e-voting and e-voting during the meeting. Remote e-voting contributed 2,126,487 votes, while 100 votes were cast through e-voting during the EGM.

E-Voting Process and Timeline

The electronic voting process was meticulously managed to ensure transparency and compliance. Key details of the voting process included:

• E-voting Period: January 30, 2026 (9:00 AM) to February 02, 2026 (5:00 PM)
• Cut-off Date: January 27, 2026
• Meeting Date: February 03, 2026 at 11:30 AM IST
• Platform: Video Conference (VC) and Other Audio Visual Means (OAVM)

The e-voting facility was provided by Central Depository Services India Ltd (CDSL), ensuring secure and reliable electronic voting for all eligible shareholders.

Scrutinizer's Report and Compliance

BP & Associates, Company Secretaries from Chennai, served as the appointed scrutinizer for the EGM. The scrutinizer was appointed through a circular resolution passed by the Board of Directors on January 08, 2026. The scrutinizer's report confirmed that all procedural requirements under Section 108 of the Companies Act, 2013, and Rule 20 of the Companies (Management and Administration) Rules, 2014, were duly followed.

The scrutinizer confirmed that the ordinary resolution was passed with the requisite majority, and all electronic data and relevant voting records will remain in custody until the Chairman approves and signs the meeting minutes.

Regulatory Compliance and Disclosure

Elnet Technologies submitted the voting results and consolidated scrutinizer's report to BSE Limited on February 05, 2026, in compliance with Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's proactive approach to regulatory compliance demonstrates its commitment to transparency and good corporate governance practices.