Identixweb Ltd

Identixweb Ltd announced its Board of Directors has approved the acquisition of an additional 20.04% equity stake in its subsidiary, Munim ERP Private Limited (MEPL). The acquisition involves 6,693 equity shares for a total consideration of ₹1,223.48 Lakh. This transaction will increase Identixweb's shareholding in MEPL to 70.05%. The acquisition aims to rationalize MEPL's debt structure. MEPL specializes in accounting and GST compliance software, including ERP solutions. The deal is considered a related party transaction due to common directorships among promoters, but it is being conducted on an arm's length basis based on a registered valuer's report. The acquisition is expected to be completed within 30 days, with consideration being a conversion of inter-corporate loan.

Identixweb Ltd has approved the acquisition of an additional 20.04% equity stake in its subsidiary, Munim ERP Private Limited (MEPL), for a total consideration of ₹1,223.48 Lakh. The acquisition involves 6,693 equity shares and will increase Identixweb's shareholding in MEPL to 70.05%. The transaction is structured as a conversion of an inter-corporate loan and is expected to be completed within 30 days. MEPL specializes in accounting and GST compliance software, focusing on ERP solutions. The acquisition aims to rationalize the subsidiary's debt structure and increase Identixweb's stake. Notably, the transaction involves related parties as key promoters are also directors in MEPL, but it is being conducted on an arm's length basis.

Identixweb Ltd reported audited standalone and consolidated financial results for the year ended March 31, 2026. The company's revenue from operations stood at ₹726.3 lakhs for H2 FY26, a 66% YoY increase, bringing the full-year FY26 total to ₹1,304.7 lakhs, up 43% YoY. EBITDA for H2 FY26 was ₹397.1 lakhs, up 33% YoY, with a margin of 54.7%. Net Profit (PAT) for H2 FY26 reached ₹250.7 lakhs, up 83% YoY, with a margin of 34.5%. For the full year, Net Profit reached ₹469.9 lakhs, up 41% YoY, with a margin of 36.0%. EPS for H2 FY26 was ₹2.64, up 41.9% YoY, and for the full year, it reached ₹5.13, up 13.5% YoY.

Identixweb Ltd's board approved the audited standalone and consolidated financial statements and results for the financial year ended March 31, 2026. The meeting, held on May 30, 2026, also noted the utilization of IPO proceeds. Standalone revenue from operations for the year ended March 31, 2026, stood at ₹1,108.68 Lakh with a net profit of ₹600.91 Lakh.

Identixweb Ltd has scheduled a Board of Directors meeting on May 30, 2026, to consider and approve the audited standalone and consolidated financial statements and results for the financial year ended March 31, 2026. The trading window for insiders will be closed from April 1, 2026, until 48 hours after the board meeting conclusion.

Identixweb Ltd has appointed M/s. Rahul Mistri and Co., Chartered Accountants, as the Internal Auditor of the company. The appointment was approved during the board meeting held on April 23, 2026. The firm will conduct internal audits for the financial year 2025-26 onwards, until further notice from the Board of Directors. The board also reviewed and acknowledged recommendations and approvals of the Audit Committee regarding related party transactions.

Identixweb Ltd's Board of Directors, in a meeting held on April 23, 2026, approved the appointment of M/s. Rahul Mistri and Co., Chartered Accountants, as the Internal Auditor for the company. This appointment is effective for the Financial Year 2025-26 onwards, until the Board decides otherwise. M/s. Rahul Mistri & Co. is a proprietorship firm with over 8 years of experience in audit, taxation, accounting, and financial advisory services. Additionally, the Board reviewed and acknowledged the recommendations and approvals of the Audit Committee regarding material and non-material related party transactions, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Identixweb Ltd has announced the closure of the trading window for insiders. The closure is in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's Code of Internal Procedures and Conduct for Prevention of Insider Trading in Securities. The trading window will be closed from Wednesday, April 01, 2026, till 48 hours after the declaration and publication of Audited Standalone and Consolidated Financial Results for the half year and year ended March 31, 2026. This decision has been made based on BSE Circular no. LIST /COMP/01/2019-20 dated April 2, 2019, and the Securities and Exchange Board of India (Prohibition of Insider Trading) (Second Amendment) Regulations, 2019.

Identixweb Ltd has initiated the commencement of Research & Development of 'SiteGrowth AI', an AI-Powered Organic Growth Engine for SaaS & Business Websites. The initiative is currently at the research and feasibility stage, with the company evaluating various technical, commercial, and operational aspects of the platform. The product is designed to automate organic website traffic growth through intelligent content generation, programmatic SEO, and data-guided publishing workflows.

Identixweb Ltd, in response to a clarification sought by the Stock Exchange regarding significant price movement, stated that it has consistently complied with the provisions of Regulation 30 of the SEBI LODR Regulations. The company has promptly disclosed all events, information, and announcements that may have a bearing on its operations, performance, and price of the equity shares. At present, the company is not aware of any information, event, or development that may have a material bearing on the price or volume behavior of its equity shares. The movement in the price of the company’s equity shares is attributed to general market conditions and investor sentiment. Identixweb Ltd assured that it will continue to adhere strictly to the applicable provisions of the SEBI LODR Regulations and promptly intimate the Stock Exchanges of any material event or information as and when required.