Elnet Technologies Limited has announced the passing of its Independent Director Mr. A.P. Radhakrishnan on February 17, 2026. The company informed BSE Limited about this development through a regulatory filing under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Director's Tenure and Contribution

Mr. A.P. Radhakrishnan served as an Independent Director of the company since March 2, 2019. During his tenure on the Board, he made significant contributions through his thorough knowledge and rich experience as a Board and Committee member. The company acknowledged that it had immensely benefited from his expertise throughout his service period.

Details of Demise

According to the company's filing, Mr. Radhakrishnan passed away due to illness and old age. The regulatory disclosure provides the following details:

Regulatory Compliance

The company has fulfilled its disclosure obligations by filing the required information with BSE Limited. The filing was made pursuant to Regulation 30 of the Securities Exchange Board of India Listing and Disclosure Requirements, read with relevant SEBI circulars and SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Company's Response

All directors and employees of Elnet Technologies have expressed their deep sympathy, sorrow, and condolences to Mr. Radhakrishnan's family during this difficult time. The company secretary and compliance officer, Swati S. Bajaj, signed the regulatory filing from Chennai on February 18, 2026.

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.