TAKE Solutions Limited , a life sciences and support services company, has reported a profit for the quarter ended September 30, 2025, despite facing significant challenges and uncertainties. The company's financial results, approved by the Board of Directors on October 27, 2025, reveal a complex financial situation with both positive and concerning aspects.

Financial Performance

For the quarter ended September 30, 2025, TAKE Solutions reported a profit of INR 62.90 crore, primarily driven by gains from discontinued operations. However, the company's continuing operations showed a loss of INR 6.28 crore for the same period.

The financial results for the quarter and half-year are summarized in the table below:

Operational Challenges and Going Concern Issues

TAKE Solutions faces significant operational challenges, as evidenced by the lack of revenue from continuing operations in the current quarter. The company has not carried out any operations during the current period and the previous financial year, indicating a severe deterioration in its core business activities.

The company's ability to continue as a going concern is under scrutiny due to several factors:

1. Significant business deterioration
2. Unpaid statutory dues
3. Ongoing tax litigations totaling INR 108.03 crore in contingent liabilities
4. A substantial loss of INR 697.36 crore in the previous year ending March 31, 2025

Despite these challenges, the management has prepared the financial statements on a going concern basis, citing the successful divestment of Ecron Acunova Limited in the previous financial year, which has helped address immediate liquidity requirements.

Divestments and Future Strategy

TAKE Solutions has been actively restructuring its business through divestments:

1. The company completed the divestment of Ecron Acunova Limited in the previous financial year.
2. During the current quarter, on September 26, 2025, TAKE Solutions divested its 100% stake in Take Consultancy Services Inc.

Looking ahead, the company is exploring diversification opportunities and potential mergers & acquisitions for the Financial Year 2026. Management has initiated conversations for diversification into other verticals, subject to current non-compete obligations in the CRO industry.

Auditor Concerns and Resignation

The statutory auditors have issued a qualified conclusion on the financial results, citing concerns over:

1. Recoverability of tax assets worth INR 88.32 crore
2. Indirect tax receivables of INR 51.64 crore

Adding to the company's challenges, the statutory auditors resigned on October 8, 2025, effective after completing the limited review of the September 30, 2025 quarterly results.

Conclusion

While TAKE Solutions has reported a profit for the quarter, primarily due to gains from discontinued operations, the company faces significant operational and financial challenges. The management's efforts to restructure the business through divestments and explore new opportunities will be crucial for the company's future. Investors and stakeholders should closely monitor the company's progress in addressing the auditor's concerns and implementing its diversification strategy in the coming quarters.

Take Solutions Limited , a company listed on both BSE and NSE, has witnessed a significant change in its shareholding structure. Aakanksha Management Consultancy and Holdings Private Limited, a part of the promoter group, has completely divested its stake in the company through an off-market transaction.

Key Details of the Transaction

• Seller: Aakanksha Management Consultancy and Holdings Private Limited
• Number of Shares Sold: 63,61,162
• Face Value: Re. 1 per share
• Transaction Date: September 23, 2025
• Mode of Transfer: Off-market transaction

Impact on Shareholding

The sale has resulted in a significant change in the promoter group's shareholding:

Regulatory Compliance

The disclosure of this transaction was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates the disclosure of any substantial change in shareholding, especially for promoter group entities.

About Take Solutions Limited

Take Solutions Limited has a total equity share capital of 14,79,34,000 shares, each with a face value of Re. 1. The company's shares are listed on both the BSE Limited and the National Stock Exchange of India Limited.

Other Promoter Group Holdings

Post this transaction, the promoter group's holdings in Take Solutions Limited are as follows:

• Take Solutions Pte Limited: 14.90%
• Srinivasan H R: 0.09%

The sale by Aakanksha Management Consultancy marks a complete exit from their position in Take Solutions Limited, reducing the overall promoter group stake by 4.30 percentage points.

This transaction represents a significant shift in the ownership structure of Take Solutions Limited, and market participants will likely be watching closely for any potential impacts on the company's strategic direction or performance in the coming months.