Edvenswa Enterprises Limited announced the outcome of its board meeting held on November 13, 2026. The board considered and approved the unaudited financial results, both standalone and consolidated, for the quarter and half-year ended September 30, 2026, along with the limited review report. The meeting also approved the fixation of remuneration for the Managing Director, effective November 1, 2026.
Board Meeting Outcomes
Edvenswa Enterprises Limited convened its board meeting on November 13, 2026, where key financial and operational matters were discussed and approved. The primary agenda item was the consideration and approval of the unaudited financial results for the second quarter and the first half of the financial year ending September 30, 2026. These results, presented on a standalone and consolidated basis, were accompanied by a limited review report.
Key Approvals and Decisions
In addition to the financial results, the board also addressed other significant corporate actions. A crucial decision was the fixation of remuneration for Mr. Sreenivasa Sreekanth Uppuluri, the Managing Director of the company, effective from November 1, 2026. This decision is subject to the subsequent approval of the company’s members at the upcoming Annual General Meeting.
Furthermore, the board reviewed the statement on deviation or variation for the proceeds of the rights issue, which was attached. Disclosures regarding Related Party Transactions, specifically for the half-yearly filings, were also detailed in the XBRL submission. The meeting commenced at 8:30 PM IST and concluded at 10:00 PM IST.
Financial Highlights
The accompanying unaudited standalone financial results for the quarter ended September 30, 2026, show a Profit After Tax (Continuing operations) of ₹1.78 lakhs. For the same period, the Total Comprehensive Income stood at ₹1.78 lakhs. The year-to-date figures for the period ended September 30, 2026, indicate a Profit After Tax of ₹18.24 lakhs and a Total Comprehensive Income of ₹18.24 lakhs. The standalone balance sheet as of September 30, 2026, reports total assets of ₹11,040.09 lakhs and total equity of ₹10,970.74 lakhs.
On a consolidated basis, the results for the quarter ended September 30, 2026, show a Profit After Tax (Continuing operations) of ₹3.31 lakhs and Total Comprehensive Income of ₹88.44 lakhs. The year-to-date figures for the period ended September 30, 2026, reveal a Profit After Tax of ₹48.73 lakhs and Total Comprehensive Income of ₹130.36 lakhs. The consolidated balance sheet as of September 30, 2026, shows total assets of ₹15,503.01 lakhs and total equity of ₹14,293.61 lakhs.
Statement on Deviation or Variation
A separate statement detailing any deviation or variation under regulation 32(1) of SEBI (LODR) Regulations, 2015, for the quarter ended September 30, 2026, was also submitted. The document indicates that for the ‘Right Issue’ mode of fundraising, the amount raised was Rs. 2669 lakhs. The report filed for the quarter ended September 30, 2026, noted no deviation or variation in the use of funds, and all comments from the Audit Committee and auditors were marked as ‘Not applicable’. Details of fund utilization showed that for the object ‘To Product Purchase in Issuer Company’, an original allocation of 920 lakhs was modified to 920 lakhs, with 0.00 lakhs utilized in the current quarter and 920 lakhs utilized in the last quarter. Similar patterns of no deviation were observed for other objects listed.
Source: BSE
