Austere Systems Limited announced the outcome of its Board of Directors meeting held on November 13, 2026. The board considered and approved the unaudited standalone and consolidated financial results for the half-year ended September 30, 2026. Additionally, the company confirmed that there has been no deviation or variation in the utilization of funds raised from its initial public offering (IPO), as per Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Board Meeting Outcome
Austere Systems Limited convened a Board of Directors meeting on November 13, 2026. During this meeting, the board reviewed and approved the company’s unaudited standalone and consolidated financial results for the half-year period concluding on September 30, 2026. The unaudited financial results, along with the limited review reports, were submitted as part of the announcement.
Compliance and Fund Utilization
The board also took note of a SEBI Warning-cum-Advisory Letter dated October 1, 2026, concerning disclosures related to an order passed by the Hon’ble NCLAT on September 23, 2025. The company has reviewed consequential disclosures and is implementing corrective measures to enhance its compliance processes.
Furthermore, Austere Systems Limited submitted a statement of deviation or variation for the proceeds of its public issue, as required by Regulation 32 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015, for the half-year ended September 30, 2026. The company confirmed that there has been no deviation or variation in the utilization of IPO funds, with all utilized funds being directed towards the objects stated in the Prospectus dated May 23, 2025. Funds for working capital requirement and general corporate purposes have been deposited into Fixed Deposit Receipts (FDRs).
Financial Highlights
The unaudited statement of standalone assets and liabilities as at September 30, 2026, shows total assets of ₹4,248.21 lakhs. The unaudited statement of standalone financial results for the half-year ended September 30, 2026, reported a profit after tax of ₹177.89 lakhs.
Similarly, the unaudited statement of consolidated assets and liabilities as at September 30, 2026, reported total assets of ₹4,248.70 lakhs. The unaudited statement of consolidated financial results for the half-year ended September 30, 2026, showed a profit after tax of ₹176.52 lakhs.
Source: BSE
