Relic Technologies Limited, a diversified technology company, has reported its financial results for the quarter ended June 30, 2025, revealing a mixed performance across its standalone and consolidated operations. The company also announced significant changes in its management and capital structure.

Financial Performance

On a standalone basis, Relic Technologies showed improvement in its bottom line, reporting a net profit of Rs 9.84 crore for Q2 2025, compared to a loss of Rs 24.38 crore in the previous quarter. However, the company's standalone revenue dropped to zero from Rs 15.50 lakh in the previous quarter.

The consolidated results paint a different picture:

Despite a significant increase in consolidated revenue, the company reported a substantial net loss of Rs 368.32 crore, primarily due to an exceptional item of Rs 232.12 crore recognized as an impairment provision towards goodwill related to investment.

Capital Structure and Preferential Issue

During the quarter, Relic Technologies bolstered its capital base through a preferential issue:

• Allotted 15,50,000 equity shares at Rs 85 per share to non-promoters
• Issued 4,41,164 equity warrants at Rs 85 per share to promoters and non-promoters
• Increased paid-up capital from Rs 360 lakh to Rs 515 lakh

Management Changes

The company announced several key management changes:

1. Statutory Auditor Resignation: M/s Uday Pasad & Associates resigned as statutory auditors effective July 26, 2025, citing inter se changes in promoters and the company's future expansion plans.

2. New Statutory Auditor Appointment: M/s D. Kothary & Co., Chartered Accountants, were appointed as the new statutory auditors from July 27, 2025, subject to shareholder approval.

3. New Company Secretary: Mrs. Anita Amitkumar Gupta was appointed as Company Secretary and Compliance Officer, effective August 1, 2025.

Upcoming Annual General Meeting

Relic Technologies has scheduled its 34th Annual General Meeting for August 29, 2025, to be held via video conferencing.

The company's mixed financial results, coupled with significant management changes and capital restructuring, indicate a period of transition for Relic Technologies. Investors and stakeholders will likely be watching closely to see how these changes impact the company's future performance and strategic direction.

Relic Technologies Limited , a diversified technology company, has reported a turnaround in its financial performance for the quarter ended June 30, 2025. The company's latest financial results, coupled with strategic corporate actions, signal a significant shift in its business trajectory.

Financial Highlights

Relic Technologies posted a net profit of ₹9.84 lakhs for Q1 FY2026, marking a substantial improvement from the loss of ₹24.38 lakhs in the previous quarter. This turnaround is particularly noteworthy given that the company's standalone revenue from operations was nil during the quarter.

The company's other income stood at ₹22.92 lakhs, significantly higher than the previous quarter's ₹1.28 lakhs. This increase in other income played a crucial role in offsetting the lack of operational revenue.

Consolidated Performance

On a consolidated basis, Relic Technologies reported revenue from operations of ₹128.15 lakhs. However, the consolidated results showed a net loss of ₹368.32 lakhs, primarily due to an impairment provision of ₹232.12 lakhs on goodwill related to investments.

Corporate Actions

Preferential Share Issue

During the quarter, Relic Technologies completed a significant preferential issue:

• Allotted 15.50 lakh equity shares at ₹85 per share to non-promoters
• Issued 4.41 lakh equity warrants at the same price to promoters and non-promoters
• The paid-up capital increased from ₹36 crores to ₹51.50 crores

This capital infusion is expected to strengthen the company's financial position and support its growth initiatives.

Management Changes

The company announced several key management changes:

1. Auditor Resignation: M/s Uday Pasad & Associates resigned as the Statutory Auditor, citing the company's future expansion plans and the need for more extensive audit resources.

2. New Auditor Appointment: M/s. D. Kothary & Co., Chartered Accountants, have been appointed as the new Statutory Auditors, subject to shareholder approval.

3. Company Secretary Appointment: Mrs. Anita Amitkumar Gupta has been appointed as the new Company Secretary and Compliance Officer, effective August 1, 2025.

Looking Ahead

While Relic Technologies has shown improvement in its standalone financials, the consolidated loss and goodwill impairment indicate ongoing challenges. The recent capital raise and management changes suggest that the company is positioning itself for future growth and operational improvements.

Investors and stakeholders will be watching closely to see how these strategic moves translate into sustainable financial performance in the coming quarters.