Austere Systems Limited has announced the resignation of its Company Secretary and Compliance Officer, Ms. Shampa Juneja, effective January 20, 2026. The company informed BSE Limited through a regulatory filing dated January 21, 2026, as required under SEBI Listing Regulations.

Resignation Details

Ms. Shampa Juneja submitted her resignation letter on January 5, 2026, citing personal reasons for her departure from the position of Company Secretary and Compliance Officer, which is classified as a Key Managerial Personnel role. The resignation became effective on January 20, 2026.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing includes all required details as per Para A, Part A of Schedule III of SEBI Listing Regulations and references SEBI Circular No SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Company Information

Austere Systems Limited, formerly known as Austere Systems Private Limited, is listed on the BSE SME Platform under scrip code 544505. The regulatory filing was signed by Piyush Gupta, Director and CFO (DIN 08071837), confirming the company's commitment to maintaining transparency with stakeholders regarding key personnel changes.

The company maintains its registered office in Pune, Maharashtra, and corporate office in Gurgaon, Haryana, continuing its operations despite this personnel transition.

Austere Systems Limited, a leading IT services provider, has released its unaudited financial results for the first half of the fiscal year 2026, ending September 30, 2025. The company's performance shows a mixed picture, with notable changes in its financial position and operations.

Financial Highlights

The company reported a net profit of 290.00 lakhs for the six-month period, compared to 384.00 lakhs in the previous comparable period, indicating a decrease in profitability. Despite this, Austere Systems has seen significant growth in its balance sheet.

Operational Performance

The company's revenue from operations for the half-year stood at 1,034.00 lakhs. While year-on-year comparisons were not provided, this figure suggests a stable operational performance.

Balance Sheet Strengthening

Austere Systems has significantly strengthened its balance sheet during this period. The total assets increased by 81.3% to 3,547.00 lakhs from 1,956.00 lakhs as of March 31, 2025. This growth was primarily driven by a substantial increase in current assets, particularly cash and bank balances, which rose to 1,748.00 lakhs from 691.00 lakhs at the end of the previous fiscal year.

Capital Raising and Listing

A key development during this period was the company's initial public offering (IPO) and subsequent listing on the SME Platform of BSE Limited on September 12, 2025. Through the IPO, Austere Systems allotted 28,30,000 equity shares at a price of 55.00 per share, including a premium of 45.00 per share. This resulted in an aggregate capital raise of 1,556.50 lakhs.

Cash Flow and Liquidity

The company's cash flow statement reveals a significant improvement in its liquidity position. The net increase in cash and cash equivalents for the period was 681.00 lakhs, bringing the total cash and cash equivalents to 1,348.00 lakhs as of September 30, 2025, compared to 667.00 lakhs at the beginning of the fiscal year.

Management Commentary

Shikhir Gupta, Managing Director of Austere Systems Limited, stated, "We are pleased with the growth in our balance sheet strength and the successful completion of our IPO. While our profitability has seen a temporary dip, we believe the capital raised will fuel our future growth initiatives and enhance long-term shareholder value."

Outlook

With its strengthened financial position and recent listing on the BSE SME platform, Austere Systems Limited appears poised for potential growth. However, investors should note the decrease in profitability and monitor how effectively the company utilizes its newly raised capital to drive future performance.

The company continues to operate primarily in the IT services segment, focusing on a single geographical area. As Austere Systems navigates its post-IPO phase, stakeholders will be keen to observe how it leverages its improved liquidity and market presence to enhance its operational performance and profitability in the coming quarters.