Axis Solutions Limited has formally announced the resignation of Chief Financial Officer Ninad Vora, effective March 6, 2026. The company filed the disclosure under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, citing Vora's decision to pursue career opportunities outside the organization.

Regulatory Filing Details

The company submitted the formal notification to BSE Limited on March 6, 2026, providing comprehensive details about the executive transition. Vora's resignation becomes effective from the closing of business hours on March 6, 2026, marking the end of his tenure as a Key Managerial Personnel under Section 203 of the Companies Act, 2013.

Executive Transition Timeline

Vora formally submitted his resignation letter on February 1, 2026, providing the company with over a month's notice period. In his resignation letter, he expressed gratitude to the Board for their support and cooperation during his tenure and wished the company continued success in future endeavors. The resignation was accepted by the company on March 6, 2026.

Compliance and Regulatory Impact

As Chief Financial Officer and Key Managerial Personnel, Vora's departure represents a significant change in the company's executive structure. The company has fulfilled its regulatory obligations by filing the necessary disclosures with BSE Limited and will initiate required filings with the Ministry of Corporate Affairs as per applicable regulations.

Corporate Governance Implications

The resignation follows proper corporate governance protocols with adequate notice period and formal documentation. Company Secretary Dipesh A. Panchal signed the regulatory filing, ensuring compliance with all applicable SEBI regulations and listing requirements. The advance notification allows the organization sufficient time for succession planning and maintaining continuity in financial operations.

Axis Solutions Limited has announced its unaudited consolidated financial results for the quarter ended 31st December, 2025, demonstrating strong operational performance and significant growth across key financial metrics. The company's board of directors approved these results at their meeting held on 10th February, 2026.

Financial Performance Overview

The company delivered impressive financial results for Q3FY26, with consolidated revenue from operations reaching ₹4634.77 lacs compared to ₹3729.65 lacs in the corresponding quarter of the previous year, representing a robust growth of 24.3%. Total income, including other income, stood at ₹4643.44 lacs for the quarter.

Profitability and Margins

Axis Solutions demonstrated exceptional profitability improvement during the quarter. Net profit surged to ₹611.69 lacs in Q3FY26 from ₹173.13 lacs in Q3FY25, marking a remarkable 253.4% year-on-year growth. The company's profit before tax stood at ₹611.69 lacs, with no tax expenses recorded for the quarter.

Basic earnings per share improved significantly to ₹1.29 from ₹0.37 in the previous year's corresponding quarter. The company maintained a paid-up equity share capital of ₹4726.03 lacs with a face value of ₹10 per share.

Segment-wise Performance

The company operates through three distinct business segments, each contributing to the overall growth trajectory:

The Industrial Engineering & Systems segment remains the largest revenue contributor, while the Water and Automation segments show strong profitability margins.

Nine-Month Performance

For the nine months ended 31st December, 2025, Axis Solutions reported consolidated revenue from operations of ₹12332.52 lacs compared to ₹10208.53 lacs in the corresponding period of the previous year. Net profit for the nine-month period reached ₹1230.99 lacs, with basic earnings per share of ₹2.60.

Corporate Structure and Compliance

The consolidated results include performance from the holding company and its subsidiaries: Brix Engineering GMBH (Foreign Subsidiary), Axiot Informatics Private Limited (Indian Subsidiary), Axis Solutions FZE (Foreign Subsidiary), Brix Engineering PTE (Foreign Subsidiary), and Axis Analytics Private Limited (Indian Subsidiary).

The financial results have been prepared in accordance with Indian Accounting Standard 34 'Interim Financial Reporting' and comply with SEBI regulations. The statutory auditors Chandabhoy & Jassoobhoy Chartered Accountants have conducted a limited review of the results as per Regulation 33 of SEBI (LODR) Regulations, 2015.