Olatech Solutions Announces 12th AGM Agenda

Revenue rose to Rs 26.60 crore in FY 2025-26 from Rs 21.04 crore; Net profit fell to Rs 1.68 crore from Rs 4.24 crore.

Reader Takeaway: AGM focuses on auditor transition and board regularization amid a significant decline in annual net profits.

What just happened

Olatech Solutions has released the notice for its 12th Annual General Meeting, set to take place on September 30, 2026. The meeting will address key governance matters, including the appointment of M/s Manoj Agrawal & Co. as the new statutory auditor following the resignation of M/s Sachin & Associates. Additionally, shareholders will vote on the regularization of Ms. Amrita Singh as Executive Director.

Why this matters

The company is seeking shareholder approval for material related-party transactions, specifically with Zumra Infra Services and its subsidiary, Olatech Digital Solutions. Each transaction is capped at Rs 5 crore for FY 2026-27. These approvals are critical for operational funding and inter-corporate loans.

What changes now

The board is undergoing restructuring following the resignation of former CEO Mr. Navneet Kakkar in June 2026. The appointment of Ms. Amrita Singh as Executive Director is subject to shareholder approval, with a proposed remuneration of Rs 9 lakh per annum.

Context metrics (FY 2025-26)

Performance for the fiscal year ended March 31, 2026, shows a divergence between top-line and bottom-line growth. While standalone revenue grew to Rs 26.60 crore from Rs 21.04 crore in the previous year, net profit declined significantly to Rs 1.68 crore from Rs 4.24 crore in FY 2024-25. Basic EPS dropped to Rs 3.79 compared to Rs 9.68 in the prior year.