Telecanor Global Limited Announces Unanimous Approval of All Resolutions at Extra Ordinary General Meeting

Telecanor Global Limited successfully conducted its Extra Ordinary General Meeting on March 06, 2026, achieving unanimous shareholder approval for all proposed resolutions. The meeting was held through Video Conferencing and Other Audio-Visual Means in compliance with regulatory guidelines, commencing at 12:15 p.m. and concluding at 12:31 p.m. Meeting Participation and Overview The EGM witnessed participation from 27 shareholders through video conferencing, comprising 2 promoter group members and 25 public shareholders. The company had 4,982 total shareholders on the record date of February 27, 2026. Parameter: Details Meeting Date: March 06, 2026 Total Shareholders on Record: 4,982 VC Attendees (Promoter Group): 2 VC Attendees (Public): 25 Resolutions Passed: 3 Voting Results Summary All three resolutions received overwhelming support with 100% approval from voting shareholders. The total votes polled across all resolutions were 2,701,289, representing 16.72% of the company's outstanding shares of 16,157,914. Shareholder Category: Shares Held Votes Polled Polling % Votes in Favour Promoter and Promoter Group: 5,621,078 2,620,242 46.61% 2,620,242 Public Institutions: 16,100 - - - Public Non-institutions: 10,520,736 81,047 0.77% 81,047 Total: 16,157,914 2,701,289 16.72% 2,701,289 Resolution Details Resolution 1: Authorized Share Capital Increase The ordinary resolution to increase the company's authorized share capital and amend Clause V of the Memorandum of Association received unanimous approval. A total of 48 members participated in voting, with 45 through remote e-voting and 3 through e-voting during the EGM. Resolution 2: Preferential Equity Share Issue The special resolution for issuing equity shares to certain identified persons/entities on preferential basis was passed with requisite majority. The resolution received 2,701,289 votes in favor, representing 100% of polled votes. Resolution 3: Equity Warrants to Promoters The special resolution approving the issue of equity warrants to promoters on preferential basis also achieved unanimous approval with identical voting patterns as the previous resolutions. Scrutinizer's Certification VTSN & Associates LLP, appointed as scrutinizer, certified the voting process conducted through Central Depository Services (India) Limited. The scrutinizer confirmed that the e-voting facility was provided fairly and transparently, with proper blocking mechanisms to prevent duplicate voting between remote e-voting and EGM e-voting. Regulatory Compliance The voting results were submitted to BSE Limited in compliance with Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also placed the voting results and scrutinizer's report on its website for public access. Telecanor Global Limited has delivered impressive financial results for the quarter ended December 31, 2025, demonstrating a remarkable turnaround in its operational performance. The company, which operates in Information Technology and Aquaculture sectors, reported significant improvements across key financial metrics compared to the corresponding period last year. Financial Performance Overview The company's quarterly performance shows substantial growth with revenue from operations reaching ₹687.17 lakhs in Q3 FY26, compared to no revenue recorded in Q3 FY25. This operational revival translated into strong profitability, with net profit reaching ₹316.73 lakhs against a loss of ₹13.53 lakhs in the same quarter of the previous year. Financial Metric: Q3 FY26 Q3 FY25 Change Revenue from Operations: ₹687.17 lakhs - New Revenue Total Expenses: ₹264.08 lakhs ₹13.53 lakhs +1851% Net Profit/(Loss): ₹316.73 lakhs (₹13.53 lakhs) Turnaround Earnings Per Share: ₹2.78 (₹0.12) +2417% Nine-Month Performance Analysis For the nine months ended December 31, 2025, Telecanor Global Limited maintained its strong performance trajectory. The company recorded revenue from operations of ₹1,367.42 lakhs compared to negative ₹25.74 lakhs in the corresponding period of the previous year. Total comprehensive income for the nine-month period reached ₹577.61 lakhs, marking a significant improvement from the loss of ₹80.27 lakhs recorded in the same period last year. Nine-Month Metrics: FY26 (9M) FY25 (9M) Performance Revenue from Operations: ₹1,367.42 lakhs (₹25.74 lakhs) Strong Recovery Total Expenses: ₹596.07 lakhs ₹54.53 lakhs +993% Net Profit/(Loss): ₹577.61 lakhs (₹80.27 lakhs) Profitable Turnaround EPS (Nine Months): ₹5.07 (₹0.70) +824% Segment-wise Performance The company's dual-sector approach has yielded positive results across both segments. The Information Technology sector generated revenue of ₹327.08 lakhs in Q3 FY26, while the Farming sector contributed ₹360.09 lakhs. The IT sector achieved segment results of ₹219.97 lakhs, and the Farming sector delivered ₹108.63 lakhs in segment results. Segment Performance: IT Sector Q3 FY26 Farming Sector Q3 FY26 Revenue: ₹327.08 lakhs ₹360.09 lakhs Segment Results: ₹219.97 lakhs ₹108.63 lakhs Board Meeting and Corporate Actions The Board of Directors approved the unaudited financial results at their meeting held on February 13, 2026, which commenced at 1:00 PM and concluded at 3:00 PM. The results were reviewed and recommended by the Audit Committee and subjected to limited review by statutory auditors K.K. Goel & Associates, Chartered Accountants. Fund Utilization and Capital Structure Telecanor Global Limited has successfully utilized ₹5,14,75,000 raised through preferential allotment of equity shares and warrants. The company reported no deviation in fund utilization, with all raised funds being fully utilized as of December 31, 2025. The fund raising included multiple allotments between November 2025 and January 2026, with warrant conversions and direct equity share allotments. Fund Raising Details: Amount (₹) Total Amount Raised: 5,14,75,000 Funds Utilized: 5,14,75,000 Outstanding Amount: Nil The company allotted 40,00,000 equity share warrants on preferential basis, out of which 21,00,000 warrants have been converted into equity shares. The remaining 19,00,000 warrants remain allotted but unconverted. The funds were raised for repayment of due amount to Phoenix ARC, meeting working capital requirements, and other general corporate purposes. Tax Management and Compliance Telecanor Global Limited paid current tax of ₹106.35 lakhs for Q3 FY26, reflecting its return to profitability. For the nine-month period, the company's current tax expense stood at ₹193.75 lakhs. The financial results comply with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and maintain transparency through the company website www.telecanor.com . We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. 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