Workmates Core2Cloud Solution Ltd

Workmates Core2Cloud Solution Ltd has issued an intimation to shareholders who have not registered their email addresses, as per SEBI LODR Regulations. The company is providing a weblink to access the Notice and Annual Report for FY 2025-26. The 8th Annual General Meeting (AGM) is scheduled for September 25, 2026, at 12:30 PM IST, to be held via Video Conferencing/OAVM. Shareholders are also reminded to update their KYC details and dematerialize physical securities as per recent SEBI mandates, with specific forms and procedures outlined. Failure to update KYC may affect payments like dividends.

Workmates Core2Cloud Solution Ltd has submitted its Annual Report for FY 2025-26, coinciding with the notice for its 8th Annual General Meeting (AGM) scheduled for September 25, 2026. The report highlights a landmark year, including a successful IPO and listing on the BSE SME, alongside being recognized as an AWS Consulting Partner of the Year 2025. The company reported significant financial performance with recurring revenue of ₹118 Crore and total revenue of ₹143 Crore (a 33.6% YoY increase), achieving an EBITDA margin of 16.21% and a Profit After Tax (PAT) of ₹15.92 Crore. Key operational metrics include 95% customer retention and 84% billable utilization. The report also details the company's strategic focus on cloud, cybersecurity, data, and AI, positioning itself as a provider of modern foundational technology architectures for enterprises.

Workmates Core2Cloud Solution Ltd has announced its 8th Annual General Meeting (AGM) will be held on September 25, 2026, at 12:30 PM IST. The meeting will be conducted virtually via Video Conferencing (VC) or Other Audio Visual Means (OAVM), adhering to MCA and SEBI guidelines. Key agenda items include the adoption of audited financial statements for FY26, the reappointment of Mr. Debasish Sarkar as a director, and revisions to the remuneration of Mr. Debasish Sarkar (Whole Time Director & CFO) and Mr. Basanta Kumar Rana (Managing Director), effective April 1, 2026. Detailed instructions for e-voting and participation are available in the AGM notice, which is being sent electronically and also accessible on the company's website.

Workmates Core2Cloud Solution Ltd announced that its Board of Directors, in a meeting held on August 20, 2026, approved revisions in the remuneration of Mr. Debasish Sarkar (Whole Time Director & CFO) and Mr. Basanta Kumar Rana (Managing Director). The Board also approved the Notice for the 8th Annual General Meeting (AGM) scheduled for September 25, 2026, which will be conducted via Video Conferencing and Other Audio-Visual Means. Additionally, Mr. Prateek Kohli was appointed to scrutinize the e-voting process during the AGM.

Workmates Core2Cloud Solution Ltd announced that its Board of Directors, in a meeting held on July 17, 2026, approved the outbound investment and incorporation of a wholly-owned subsidiary in Delaware, United States. This new entity will focus on cloud migration, modernization, operations, optimization, cybersecurity, managed services, and data/AI solutions, aiming for overseas growth and expansion. The subsidiary will be a related party, with 100% shareholding acquired via cash consideration at face value for the initial share capital. The Board also approved the Board's Report for FY 2025-26.

Workmates Core2Cloud Solution Ltd announced that its Board of Directors has approved the outbound investment and incorporation of a wholly-owned subsidiary in Delaware, United States. This new entity will focus on cloud migration, modernization, operations, optimization, cybersecurity, managed services, and data/AI solutions, aiming for overseas growth and expansion. The subsidiary will be a related party, funded by 100% cash consideration through subscription to its share capital at face value. The Board also approved the Board's Report for FY 2025-26. The meeting took place on July 17, 2026.

Workmates Core2Cloud Solution Ltd's Board of Directors, in a meeting on May 14, 2026, declared an interim dividend of ₹2 per equity share (20% on face value of ₹10 each) for the financial year 2025-26. The record date for determining shareholders' eligibility is set as May 22, 2026. The dividend will be paid/credited on Wednesday, June 3, 2026, as per the Companies Act, 2013.

Workmates Core2Cloud Solution Ltd announced its FY26 financial results, reporting a 33.6% YoY increase in revenue to ₹143.82 Cr. Recurring revenue reached ₹118 Cr, representing 82.5% of total revenue. The Board declared an interim dividend of ₹2 per share. The company reported a PAT of ₹15.92 Cr and PBT of ₹21.46 Cr. They entered FY27 debt-free with ₹53.95 Cr in cash and equivalents.

Workmates Core2Cloud Solution Ltd's Monitoring Agency Report for the period ended March 31, 2026, was reviewed by the Audit Committee on May 14, 2026. The report, prepared by Brickwork Ratings, confirms that the proceeds from the fresh issue and offer for sale of equity shares, aggregating to ₹69.84 Crore, have been utilized as stated in the Prospectus. The report notes a commingling of funds with regular business operations, posing limitations in precise mapping of utilization.

Workmates Core2Cloud Solution Ltd filed a statement of deviation for the half year ended March 31, 2026, as per Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Audit Committee reviewed the statement on May 14, 2026. The company confirms that the proceeds from its IPO, which raised ₹69.84 Cr on November 14, 2025, have been utilized as stated in the Prospectus. There were no deviations or variations in the use of funds raised.