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Identixweb Limited Interim / Quarterly Report 2026
63015_rns_2026-05-30_a05d6612-6506-4b12-b96b-6cdf50f429ca.pdf
Interim / Quarterly Report
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iDentixweb
Date: May 30, 2026
To,
BSE Limited,
P.J. Towers,
Dalal Street, Fort,
Mumbai - 400 001.
Dear Sir/Madam,
Subject: Outcome of Board meeting held today i.e. on May 30, 2026.
Reference: Identixweb Limited (Id: IDENTIXWEB; Code: 544388)
In reference to captioned subject, we hereby inform you that the Board of Directors of the Company, in their Board Meeting held on today, i.e. on May 30, 2026, at the Registered Office of the Company which was commenced at 03:00 P.M. and concluded at 04:00 P.M., have, apart from other businesses consider and approved;
- Considered, approved and taken on record the Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended on March 31, 2026.
- Considered, approved and taken on record the Audited Standalone and Consolidated Financial Results of the Company for the half-year and financial year ended on March 31, 2026 along with Auditor's Report with Unmodified Opinion and Declaration of Auditor's Report with Unmodified Opinion by the Company.
In this regard, we are hereby submitting the followings:
A. Audited Standalone and Consolidated Financial Results for the half-year and financial year ended on March 31, 2026;
B. Audit Reports' (unmodified opinion) on the Audited Standalone and Consolidated Financial Results;
C. Declaration by the Company (for audit reports with unmodified opinion) pursuant to Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015;
- Considered and noted the utilization of issue proceeds raised through Initial Public issue (IPO) for the half-year and financial year ended on March 31, 2026, in line with the objects of the issue as stated in the Prospectus dated March 28, 2025.
(Utilization Certificate issued by the Statutory Auditor of the Company for utilization of issue proceeds raised by the Initial Public issue (IPO) for the half-year and financial year ended on March 31, 2026 is attached herewith)
Kindly take the above information on your record.
Thanking you,
Yours faithfully,
For, IDENTIXWEB LIMITED
Priyankkumar Savani
Chairman and Managing Director
DIN: 08562699
Place: Surat
iDentixweb Limited
CIN: L72100GJ2017PLC098473
Registered Office: 1st Floor, Plot No. 240, C. S.
No. 1730, Nehru Nagar, L. H. Road, Sy No.
46/A+2, Tpx-4, Surat - 395006, Gujarat, India
Phone: +91 76000 84536;
Email: [email protected]
iDentixweb
STATEMENT OF STANDALONE FINANCIAL RESULTS
FOR THE HALF YEAR AND YEAR ENDED ON MARCH 31, 2026
(INR In Lakh except per share data)
| Particulars | Half Year/ Period ended | Year Ended | ||||
|---|---|---|---|---|---|---|
| 31-03-2026 | 30-09-2025 | 31-03-2025 | 31-03-2026 | 31-03-2025 | ||
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 | 01-10-2024 | 01-04-2025 | 01-04-2024 |
| B | Date of end of reporting period | 31-03-2026 | 30-09-2025 | 31-03-2025 | 31-03-2026 | 31-03-2025 |
| C | Whether results are audited or unaudited | Audited | Unaudited | Audited | Audited | Audited |
| D | Nature of report standalone or consolidated | Standalone | Standalone | Standalone | Standalone | Standalone |
| I | Revenue from Operations | |||||
| Net sales or Revenue from Operations | 548.84 | 559.84 | 434.43 | 1,108.68 | 853.38 | |
| II | Other Income | 36.97 | 61.53 | 20.69 | 98.50 | 45.80 |
| III | Total Income (I+II) | 585.81 | 621.37 | 455.12 | 1,207.18 | 899.19 |
| IV | Expenses | |||||
| (a) | Cost of materials consumed | - | - | - | - | - |
| (b) | Purchases of stock-in-trade | - | - | - | - | - |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | - | - | - | - | - |
| (d) | Employee benefit expense | 27.50 | 88.55 | 38.09 | 116.05 | 119.55 |
| (e) | Finance Costs | - | - | 0.96 | - | 0.96 |
| (f) | Depreciation and amortisation expense | 29.77 | 28.92 | 41.39 | 58.69 | 78.95 |
| (h) | Other Expenses | 117.30 | 95.22 | 61.86 | 212.52 | 124.73 |
| Total expenses (IV) | 174.57 | 212.69 | 142.30 | 387.26 | 324.19 | |
| V | Profit/(loss) before exceptional and extraordinary items and tax (III-IV) | 411.25 | 408.68 | 312.82 | 819.92 | 575.00 |
| VI | Exceptional items | - | - | - | - | (4.17) |
| VII | Profit before extraordinary items and tax (V - VI) | 411.25 | 408.68 | 312.82 | 819.92 | 579.17 |
| VIII | Extraordinary items | - | - | - | - | - |
| IX | Profit before tax (VII- VIII) | 411.25 | 408.68 | 312.82 | 819.92 | 579.17 |
| X | Tax Expense | 110.78 | 108.23 | 99.28 | 219.01 | 167.91 |
| (a) | Current Tax | 112.50 | 113.20 | 85.14 | 225.70 | 155.58 |
| (b) | (Less):- MAT Credit | - | - | - | - | - |
| (c) | Current Tax Expense Relating to Prior years | - | - | 17.71 | - | 17.71 |
| (d) | Deferred Tax (Asset)/Liabilities | (1.72) | (4.97) | (3.58) | (6.69) | (5.38) |
| XI | Profit (Loss) for the period from continuing operations (IX-X) | 300.47 | 300.45 | 213.54 | 600.91 | 411.26 |
| XII | Profit/(loss) from discontinued operations before tax | - | - | |||
| XIII | Tax expenses of discontinued operations | - | - | - | - | - |
| XIV | Profit/(loss) from Discontinued operations (after tax) (XII-XIII) | - | - | - | - | - |
| XV | Profit (Loss) for the period before minority interest (XI + XIV) | 300.47 | 300.45 | 213.54 | 600.91 | 411.26 |
| XVI | Share of Profit (Loss) of Associates | - | - | - | ||
| XVII | Profit (Loss) of Minority Interest | - | - | - | ||
| XVIII | Net Profit (Loss) for the period (XV+XVI-XVII) | 300.47 | 300.45 | 213.54 | 600.91 | 411.26 |
iDentixweb Limited
CIN: L72100GJ2017PLC098473
Registered Office: 1st Floor, Plot No. 240, C. S. No. 1730, Nehru Nagar, L. H. Road, Sy No. 46/A+2, Tps-4, Surat - 395006, Gujarat, India
Phone: +91 76000 84536;
Email: [email protected]
iDentixweb
STATEMENT OF STANDALONE FINANCIAL RESULTS
FOR THE HALF YEAR AND YEAR ENDED ON MARCH 31, 2026
(INR In Lakh except per share data)
| Particulars | Half Year / Period ended | Year Ended | ||||
|---|---|---|---|---|---|---|
| 31-03-2026 | 30-09-2025 | 31-03-2025 | 31-03-2026 | 31-03-2025 | ||
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 | 01-10-2024 | 01-04-2025 | 01-04-2024 |
| B | Date of end of reporting period | 31-03-2026 | 30-09-2025 | 31-03-2025 | 31-03-2026 | 31-03-2025 |
| C | Whether results are audited or unaudited | Audited | Unaudited | Audited | Audited | Audited |
| D | Nature of report standalone or consolidated | Standalone | Standalone | Standalone | Standalone | Standalone |
| XIX | Details of equity share capital | |||||
| Paid-up equity share capital | 1044.16 | 1044.16 | 736.16 | 1044.16 | 736.16 | |
| Face value of equity share capital (Per Share) | Rs. 10/- | Rs. 10/- | Rs. 10/- | Rs. 10/- | Rs. 10/- | |
| XX | Details of Debt Securities | |||||
| Reserves excluding Revaluation Reserve | 2,487.19 | 711.54 | ||||
| XIX | Earnings per share | |||||
| Earnings per share (not annualised for half year / Period ended) | ||||||
| Basic earnings (loss) per share from continuing and discontinued operations | 2.88 | 2.88 | 2.90 | 5.76 | 5.59 | |
| Diluted earnings (loss) per share continuing and discontinued operations | 2.88 | 2.88 | 2.90 | 5.76 | 5.59 |
For, IDENTIXWEB LIMITED
Priyankkumar Savani
Chairman and Managing Director
DIN: 08562699
Place: Surat
Date: May 30, 2026
iDentixweb Limited
CIN: L72100GJ2017PLC098473
Registered Office: 1st Floor, Plot No. 240, C. S.
No. 1730, Nehru Nagar, L. H. Road, Sy No.
46/A+2, Tpx-4, Surat - 395006, Gujarat, India
Phone: +91 76000 84536;
Email: [email protected]
iDentixweb
NOTES ON FINANCIAL RESULTS: -
-
The above results have been reviewed by the Audit Committee and have been approved by the Board of Directors of the Company at their respective meetings held on May 30, 2026.
-
The above Audited Financial Results of the Company for the Half year and year ended March 31, 2026 have been prepared in accordance with the recognition and measurement principles laid down in applicable Accounting Standards ("AS") as prescribed under Companies Act, 2013, as amended, read with relevant rules thereunder and in terms of Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.
-
As per Accounting Standard 17 on "Reporting Segment" (AS 17), the company has only one reportable segment i.e. IT and IT enabled services.
-
As per MCA notification dated February 16, 2015 companies whose shares are listed on SME exchange as referred to Chapter IX of SEBI (Issue of Capital and Disclosure Requirements) Regulation, 2018 are exempted from compulsory requirement of adoption of IND-AS.
-
Earning per shares are calculated on weighted average of the share capital outstanding during the year. Half year / Period EPS is not annualized.
-
There are no Investors Complaints pending as on March 31, 2026.
-
Previous year's/period's figure have been regrouped/rearranged wherever necessary.
-
The company does not have any Joint Venture or Associate concern as on March 31, 2026. However, it has Subsidiaries - (1) Munim ERP Private Limited (2) Identixweb LLC (Investment is yet not remitted) and accordingly, consolidated financial result is also being submitted.
-
The Standalone Financial Results include the Audited Annual Results for the current year ended March 31, 2026, the Audited Half-Yearly Results for the period ended September 30, 2025, and the Audited Annual Results for the previous year ended March 31, 2025. The figures for the half year ended March 31, 2026, as reported in these financial results, represent the balancing figures between the audited results for the full financial year and the audited year-to-date figures up to September 30, 2025.
Parallel, the accompanying financial results include the results for the half year ended March 31, 2025 being the balancing figure between the audited figures in respect of the full financial year and the audited year to date figures up to the first half year ended as on September 30, 2024 of the previous financial year which is provided by the management and not subject to review by the statutory auditor.
For, IDENTIXWEB LIMITED
Priyankkumar Savani
Chairman and Managing Director
DIN: 08562699
Place: Surat
Date: May 30, 2026
iDentixweb Limited
CIN: L72100GJ2017PLC098473
Registered Office: 1st Floor, Plot No. 240, C. S. No. 1730, Nehru Nagar, L. H. Road, Sy No. 46/A+2, Tpx-4, Surat - 395006, Gujarat, India
Phone: +91 76000 84536;
Email: [email protected]
iDentixweb
STATEMENT OF STANDALONE ASSETS AND LIABILITIES
AS AT MARCH 31, 2026
(INR In Lakh)
| Particulars | As on | ||
|---|---|---|---|
| 31-03-2026 | 31-03-2025 | ||
| A | Date of start of reporting period | 01-04-2025 | 01-04-2024 |
| B | Date of end of reporting period | 31-03-2026 | 31-03-2025 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| (A) | EQUITY AND LIABILITIES | ||
| 1 | Shareholders' funds | ||
| a | Share capital | 1,044.16 | 736.16 |
| b | Reserves and surplus | 2,487.19 | 711.54 |
| c | Money received against share warrants | - | - |
| 2 | Share application money pending allotment | - | 550.80 |
| 3 | Deferred Government grants | - | - |
| 4 | Non-current liabilities | ||
| a | Long-term borrowings | - | 27.48 |
| b | Deferred tax liabilities (Net) | - | - |
| c | Foreign Currency monetary item translation difference liability account | - | - |
| d | Other Long term liabilities | - | - |
| e | Long-term provisions | 26.00 | 17.40 |
| 5 | Current liabilities | ||
| a | Short-term borrowings | - | - |
| b | Trade Payables:- | ||
| i | Total outstanding dues of micro enterprises and small enterprises | - | - |
| ii | Total outstanding dues of creditors other than micro enterprises and small enterprises. | 19.29 | 8.64 |
| c | Other current liabilities | 3.44 | 2.43 |
| d | Short-term provisions | 272.69 | 190.70 |
| Total | 3,852.76 | 2,245.15 | |
| (B) | ASSETS | ||
| 1 | Non-current assets | ||
| a | Property, Plant and Equipment | ||
| i | Tangible assets | 136.32 | 181.84 |
| ii | Producing Properties | - | - |
| iii | Intangible assets | 0.51 | 1.39 |
| iv | Pre-producing Properties | - | - |
| v | Tangible assets capital work-in-progress | - | - |
| vi | Intangible assets under development or work in progress | 1,149.97 | 521.98 |
| b | Non-current investments | 0.50 | 0.50 |
| c | Deferred tax assets (net) | 21.22 | 14.52 |
iDentixweb Limited
CIN: L72100GJ2017PLC098473
Registered Office: 1st Floor, Plot No. 240, C. S. No. 1730, Nehru Nagar, L. H. Road, Sy No. 46/A+2, Tpx-4, Surat - 395006, Gujarat, India
Phone: +91 76000 84536;
Email: [email protected]
iDentixweb
STATEMENT OF STANDALONE ASSETS AND LIABILITIES
AS AT MARCH 31, 2026
(INR In Lakh)
| Particulars | As on | ||
|---|---|---|---|
| 31-03-2026 | 31-03-2025 | ||
| A | Date of start of reporting period | 01-04-2024 | 01-04-2023 |
| B | Date of end of reporting period | 31-03-2025 | 31-03-2024 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| (B) | ASSETS (continued) | ||
| d | Foreign Currency monetary item translation difference asset account | - | - |
| e | Long-term loans and advances | 1,240.61 | 634.25 |
| f | Other non-current assets | - | - |
| 2 | Current assets | - | |
| a | Current investments | - | - |
| b | Inventories | - | - |
| c | Trade receivables | 164.21 | 262.28 |
| d | Cash and cash equivalents | 925.87 | 594.29 |
| e | Bank Balance other than cash and cash equivalents | - | - |
| f | Short-term loans and advances | 197.13 | 5.19 |
| g | Other current assets | 16.42 | 28.90 |
| Total | 3,852.76 | 2,245.15 |
For, IDENTIXWEB LIMITED
Priyankkumar Savani
Chairman and Managing Director
DIN: 08562699
Place: Surat
Date: May 30, 2026
iDentixweb Limited
CIN: L72100GJ2017PLC098473
Registered Office: 1st Floor, Plot No. 240, C. S. No. 1730, Nehru Nagar, L. H. Road, Sy No. 46/A+2, Tpx-4, Surat – 395006, Gujarat, India
Phone: +91 76000 84536;
Email: [email protected]
iDentixweb
STANDALONE CASH FLOW STATEMENT
FOR THE YEAR ENDED ON MARCH 31, 2026
(INR In Lakh)
| Particulars | Year ended | |
|---|---|---|
| 31-03-2026 | 31-03-2025 | |
| Date of start of reporting period | 01-04-2025 | 01-04-2024 |
| Date of end of reporting period | 31-03-2026 | 31-03-2025 |
| Whether results are audited or unaudited | Audited | Audited |
| Nature of report standalone or consolidated | Standalone | Standalone |
| A. CASH FLOW FROM OPERATING ACTIVITIES | ||
| Net Profit as per P & L A/c. before Income Tax | 819.92 | 579.17 |
| Add back: | ||
| (a) Depreciation | 58.69 | 78.95 |
| (b) Finance Cost | - | 0.96 |
| (c) Gratuity Expenses | 8.27 | 5.15 |
| Deduct: | ||
| (a) Interest on FD | (45.67) | (1.85) |
| (b) Interest on Loan & Advances | (52.70) | (43.96) |
| (c) Profit on sale of investment | - | (4.17) |
| Operating Profit before working Capital Changes | 788.51 | 614.25 |
| Adjustment for Working Capital Changes: | ||
| (Increase) / Decrease in Trade Receivables | 98.07 | (212.69) |
| (Increase) / Decrease in Other Current Assets | 12.48 | 3.73 |
| Increase / (Decrease) In Trade Payables | 10.65 | 7.74 |
| Increase/ (Decrease) In Other Current Liabilities | 1.01 | 1.91 |
| Increase/ (Decrease) In Provisions | 82.33 | 41.04 |
| (Increase) / Decrease In Short Term Loans and Advances | (191.94) | 0.55 |
| CASH GENERATED FROM OPERATIONS | 801.11 | 456.54 |
| Deduct: | ||
| Current Income Tax Paid / (Refund) - Net | 225.70 | 173.29 |
| Net Cash Flow from Operating Activities | 575.42 | 283.25 |
| B. CASH FLOW FROM INVESTMENT ACTIVITIES | ||
| (Purchase) / Sale of Fixed Assets | (640.29) | (312.29) |
| (Increase) / Decrease in Short Term Loans & Advances | - | - |
| (Increase) / Decrease in Long Term Loans & Advances | (606.36) | (325.77) |
| (Increase) / Decrease in Non- Current Investment | - | - |
| (Increase) / Decrease in Current Investment | - | - |
| Interest on FD | 45.67 | 1.85 |
| Interest on Loan & Advances | 52.70 | 43.96 |
| Profit on sale of investment | - | 4.17 |
| Net Cash Flow from Investment Activities | (1,148.28) | (588.09) |
iDentixweb Limited
CIN: L72100GJ2017PLC098473
Registered Office: 1st Floor, Plot No. 240, C. S. No. 1730, Nehru Nagar, L. H. Road, Sy No. 46/A+2, Tpx-4, Surat - 395006, Gujarat, India
Phone: +91 76000 84536;
Email: [email protected]
iDentixweb
STANDALONE CASH FLOW STATEMENT
FOR THE YEAR ENDED ON MARCH 31, 2026
(INR In Lakh)
| Particulars | Year ended | |
|---|---|---|
| 31-03-2025 | 31-03-2024 | |
| Date of start of reporting period | 01-04-2024 | 01-04-2023 |
| Date of end of reporting period | 31-03-2025 | 31-03-2024 |
| Whether results are audited or unaudited | Audited | Audited |
| Nature of report standalone or consolidated | Standalone | Standalone |
| C. CASH FLOW FROM FINANCING ACTIVITIES | ||
| Increase/ (Decrease) In Long-Term Borrowings | (27.48) | 27.48 |
| Proceeds from Share Application Money pending allotment | (550.80) | 550.80 |
| Increase/ (Decrease) In Short-Term Borrowings | - | - |
| Proceeds from Issue of Share Capital | 308.00 | - |
| Proceeds from Security Premium | 1,174.73 | - |
| Finance Costs Paid | - | (0.96) |
| Net Cash Flow from Financing Activities | 904.45 | 577.33 |
| NET CHANGE IN CASH AND CASH EQUIVALENTS [A+B+C] | 331.59 | 272.49 |
| Opening Cash & Cash Equivalents | 594.29 | 321.80 |
| Closing Cash and Cash Equivalents | 925.87 | 594.29 |
Note: The cash flow statement has been prepared under the indirect method as set out in Accounting Standard.
For, IDENTIXWEB LIMITED
Priyankkumar Savani
Chairman and Managing Director
DIN: 08562699
Place: Surat
Date: May 30, 2026
iDentixweb Limited
CIN: L72100GJ2017PLC098473
Registered Office: 1st Floor, Plot No. 240, C. S.
No. 1730, Nehru Nagar, L. H. Road, Sy No.
46/A+2, Tpx-4, Surat – 395006, Gujarat, India
Phone: +91 76000 84536;
Email: [email protected]
CA
A. K. OSTWAL & Co.
CHARTERED ACCOUNTANT
IND INDEPENDENT AUDITOR'S REPORT ON AUDITED STANDALONE FINANCIAL RESULT FOR HALF YEAR AND YEAR ENDED MARCH 31, 2026 OF THE COMPANY PURSUANT TO THE REGULATION 33 OF THE SEBI (LISTING OBLIGATION AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015, AS AMENDED
To,
The Board of Directors of
Identixweb Limited
(CIN: L72100GJ2017PLC098473)
Report on the Audit of the Standalone Financial Results
Opinion
We have audited the accompanying Standalone Financial Results of Identixweb Limited ('the Company') for the year ended March 31, 2026 (the 'Statement'), including the notes thereon (the 'Standalone Financial Results'), being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, read with the relevant SEBI circulars issued in this regard (collectively referred to as the 'SEBI Regulations').
In our opinion and to the best of our information and according to the explanations given to us, the aforesaid financial results:
I. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
II. give a true and fair view in conformity with the recognition and measurement principle laid down in the applicable accounting standards and other accounting principles generally accepted in India of the net profit and other financial information for the half year and year ended March 31, 2026.
Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the companies Act, 2013 (the Act). Our responsibilities under those standards are further described in the Auditor's responsibilities for the Audit of the Standalone Financial Result section of our report. We are independent of the company in accordance with the code of Ethics issued by the Institute of Chartered Accountants of India together with the ethics requirements that are relevant to our audit of the financial results under the provision of the Companies Act, 2013 and the Rules there under, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Management's Responsibilities for the Standalone Financials Results
These half year financial results as well as the year-to-date financial results have been prepared on the basis of the Standalone financial statements.
The Company's Management and Board of Directors are responsible for the preparation and presentation of these financial results that give a true and fair view of the net profit/(loss) and other financial information in accordance with the recognition and measurement principles laid down in Accounting Standard prescribed under Section 133 of the Act and other accounting principles generally accepted in India and in compliance with Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error.
C-408, International Trade Center, Majura Gate, Ring Road, Surat - 395 002. 517, Jeevandeep Complex, Near Nirmal Hospital, Ring Road, Surat- 395 002.
0261-2901508
CA
IND
A. K. OSTWAL & Co.
CHARTERED ACCOUNTANT
In preparing the statement, the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
The Board of Directors are also responsible for overseeing the Company's financial reporting process.
Auditor's Responsibilities for the Audit of the Standalone Financial Results
Our objectives are to obtain reasonable assurance about whether the Statement as a whole are free from material misstatement, whether due to fraud or error and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the Statement.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional scepticism throughout the audit. We also:
-
Identify and assess the risks of material misstatement of the statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis, for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
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Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control.
-
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
-
Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.
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Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the financial results represent the underlying transactions and events in a manner that achieves fair presentation.
-
Obtain sufficient appropriate audit evidence regarding the Annual Standalone Financial Results of the Company to express an opinion on the Audited Standalone Financial Results.
Materiality is the magnitude of misstatements in the Annual Standalone Financial Results that individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Annual Standalone Financial Results may be influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the Annual Standalone Financial Results.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
C
C-408, International Trade Center, Majura Gate, Ring Road, Surat - 395 002.
517, Jeevandeep Complex, Near Nirmal Hospital, Ring Road, Surat- 395 002.
0261 - 2901508
C
IND Other Matters
A. K. OSTWAL & Co.
CHARTERED ACCOUNTANT
The accompanying financial results include the results for the half year ended March 31, 2026 being the balancing figure between the audited figures in respect of the full financial year and the audited year to date figures up to the first half year ended as on September 30, 2025 of the current financial year.
Parallel, the accompanying financial results include the results for the half year ended March 31, 2025 being the balancing figure between the audited figures in respect of the full financial year and the audited year to date figures up to the first half year ended as on September 30, 2024 of the previous financial year which is provided by the management and not subject to review by the statutory auditor.
Our report on the Statement is not modified in respect of this matter.
For, A K Ostwal & Co
Chartered Accountants
FRN: 107200W
AMIT M AJAGIYA
PARTNER
MEMBERSHIP NO. 140574
UDIN: 26140574KQCZNX7852
DATE: 30/05/2026
PLACE: Surat
C-408, International Trade Center, Majura Gate, Ring Road, Surat - 395 002.
517, Jeevandeep Complex, Near Nirmal Hospital, Ring Road, Surat- 395 002.
0261 - 2901508
iDentixweb
STATEMENT OF CONSOLIDATED FINANCIAL RESULTS
FOR THE HALF YEAR AND YEAR ENDED ON MARCH 31, 2026
(INR In Lakh except per share data)
| Particulars | Half Year/ Period ended | Year Ended | ||||
|---|---|---|---|---|---|---|
| 31-03-2026 | 30-09-2025 | 31-03-2025 | 31-03-2026 | 31-03-2025 | ||
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 | 01-10-2024 | 01-04-2025 | 01-04-2024 |
| B | Date of end of reporting period | 31-03-2026 | 30-09-2025 | 31-03-2025 | 31-03-2026 | 31-03-2025 |
| C | Whether results are audited or unaudited | Audited | Unaudited | Audited | Audited | Audited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated |
| I | Revenue from Operations | |||||
| Net sales or Revenue from Operations | 726.30 | 578.44 | 438.27 | 1304.74 | 909.32 | |
| II | Other Income | 31.42 | 24.82 | 4.45 | 56.24 | 12.13 |
| III | Total Income (I+II) | 757.72 | 603.26 | 442.72 | 1360.98 | 921.45 |
| IV | Expenses | |||||
| (a) | Cost of materials consumed | - | - | - | - | - |
| (b) | Purchases of stock-in-trade | - | - | - | - | - |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | - | - | - | - | - |
| (d) | Employee benefit expense | 64.80 | 100.37 | 59.87 | 165.16 | 152.58 |
| (e) | Finance Costs | 0.05 | 0.31 | - | 0.36 | - |
| (f) | Depreciation and amortisation expense | 67.02 | 49.87 | 60.01 | 116.89 | 108.81 |
| (h) | Other Expenses | 264.38 | 125.29 | 79.85 | 389.67 | 163.66 |
| Total expenses (IV) | 396.24 | 275.85 | 199.73 | 672.09 | 425.05 | |
| V | Profit/(loss) before exceptional and extraordinary items and tax (III-IV) | 361.48 | 327.42 | 242.99 | 688.89 | 496.41 |
| VI | Exceptional items | - | - | - | - | (4.17) |
| VII | Profit before extraordinary items and tax (V - VI) | 361.48 | 327.42 | 242.99 | 688.89 | 500.58 |
| VIII | Extraordinary items | - | - | - | - | - |
| IX | Profit before tax (VII-VIII) | 361.48 | 327.42 | 242.99 | 688.89 | 500.58 |
| X | Tax Expense | 110.78 | 108.23 | 106.30 | 219.01 | 167.91 |
| (a) | Current Tax | 112.50 | 113.20 | 92.16 | 225.70 | 155.58 |
| (b) | (Less):- MAT Credit | - | - | - | - | - |
| (c) | Current Tax Expense Relating to Prior years | - | - | 17.71 | - | 17.71 |
| (d) | Deferred Tax (Asset)/Liabilities | (1.72) | (4.97) | (3.58) | (6.69) | (5.38) |
| XI | Profit (Loss) for the period from continuing operations (IX-X) | 250.70 | 219.18 | 136.69 | 469.88 | 332.67 |
| XII | Profit/(loss) from discontinued operations before tax | - | - | - | - | - |
| XIII | Tax expenses of discontinued operations | - | - | - | - | - |
| XIV | Profit/(loss) from Discontinued operations (after tax) (XII-XIII) | - | - | - | - | - |
| XV | Profit (Loss) for the period before minority interest (XI + XIV) | 250.70 | 219.18 | 136.69 | 469.88 | 332.67 |
| XVI | Share of Profit (Loss) of Associates | - | - | - | - | - |
| XVII | Profit (Loss) of Minority Interest | (24.88) | (40.62) | (34.93) | (65.50) | (39.31) |
| XVIII | Net Profit (Loss) for the period (XV+XVI-XVII) | 275.58 | 259.81 | 171.62 | 535.38 | 371.98 |
iDentixweb Limited
CIN: L72100GJ2017PLC098473
Registered Office: 1st Floor, Plot No. 240, C. S.
No. 1730, Nehru Nagar, L. H. Road, Sy No.
46/A+2, Tpx-4, Surat - 395006, Gujarat, India
Phone: +91 76000 84536;
Email: [email protected]
iDentixweb
| Particulars | Half Year / Period ended | Year Ended | ||||
|---|---|---|---|---|---|---|
| 31-03-2025 | 30-09-2024 | 31-03-2024 | 31-03-2025 | 31-03-2024 | ||
| A | Date of start of reporting period | 01-10-2024 | 01-04-2024 | 01-10-2023 | 01-04-2024 | 01-04-2023 |
| B | Date of end of reporting period | 31-03-2025 | 30-09-2024 | 31-03-2024 | 31-03-2025 | 31-03-2024 |
| C | Whether results are audited or unaudited | Audited | Audited | Audited | Audited | Audited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated |
| XIX | Details of equity share capital | |||||
| Paid-up equity share capital | 1044.16 | 1044.16 | 736.16 | 1044.16 | 736.16 | |
| Face value of equity share capital (Per Share) | Rs. 10/- | Rs. 10/- | Rs. 10/- | Rs. 10/- | Rs. 10/- | |
| XX | Details of Debt Securities | |||||
| Reserves excluding Revaluation Reserve | 2,375.24 | 665.13 | ||||
| XIX | Earnings per share | |||||
| Earnings per share (not annualised for half year / Period ended) | ||||||
| Basic earnings (loss) per share from continuing and discontinued operations | 2.64 | 2.49 | 1.86 | 5.13 | 4.52 | |
| Diluted earnings (loss) per share continuing and discontinued operations | 2.64 | 2.49 | 1.86 | 5.13 | 4.52 |
For, IDENTIXWEB LIMITED
Priyankkumar Savani
Chairman and Managing Director
DIN: 08562699
Place: Surat
Date: May 30, 2026
iDentixweb Limited
CIN: L72100GJ2017PLC098473
Registered Office: 1st Floor, Plot No. 240, C. S.
No. 1730, Nehru Nagar, L. H. Road, Sy No.
46/A+2, Tpx-4, Surat - 395006, Gujarat, India
Phone: +91 76000 84536;
Email: [email protected]
iDentixweb
NOTES ON FINANCIAL RESULTS:
-
The above results have been reviewed by the Audit Committee and have been approved by the Board of Directors of the Company at their respective meetings held on May 30, 2025.
-
The above Audited Financial Results of the Company for the Half year and year ended March 31, 2025 have been prepared in accordance with the recognition and measurement principles laid down in applicable Accounting Standards ("AS") as prescribed under Companies Act, 2013, as amended, read with relevant rules thereunder and in terms of Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.
-
As per Accounting Standard 17 on "Reporting Segment" (AS 17), the company has only one reportable segment i.e. IT and IT enabled services.
-
As per MCA notification dated February 16, 2015 companies whose shares are listed on SME exchange as referred to Chapter IX of SEBI (Issue of Capital and Disclosure Requirements) Regulation, 2018 are exempted from compulsory requirement of adoption of IND-AS.
-
Earning per shares are calculated on weighted average of the share capital outstanding during the year. Half year / Period EPS is not annualized.
-
There are no Investors Complaints pending as on March 31, 2025.
-
Previous year's/period's figure have been regrouped/rearranged wherever necessary.
-
The company does not have any Joint Venture or Associate concern as on September 30, 2025.
-
The accompanying financial results include the results for the half year ended March 31, 2026 being the balancing figure between the audited figures in respect of the full financial year and the audited year to date figures up to the first half year ended as on September 30, 2025 of the current financial year.
Parallel, the accompanying financial results include the results for the half year ended March 31, 2025 being the balancing figure between the audited figures in respect of the full financial year and the audited year to date figures up to the first half year ended as on September 30, 2024 of the previous financial year which is provided by the management and not subject to review by the statutory auditor.
- Moreover, the Consolidated Result does not include the financial of Identixweb LLC, U.S.A. (Delaware) due to no operation by Identixweb LLC, U.S.A. (Delaware) during the period. The Company has yet not subscribed equity shares of Identixweb LLC, U.S.A. (Delaware).
For, IDENTIXWEB LIMITED
Priyankkumar Savani
Chairman and Managing Director
DIN: 08562699
Place: Surat
Date: May 30, 2026
iDentixweb Limited
CIN: L72100GJ2017PLC098473
Registered Office: 1st Floor, Plot No. 240, C. S. No. 1730, Nehru Nagar, L. H. Road, Sy No. 46/A+2, Tpx-4, Surat - 395006, Gujarat, India
Phone: +91 76000 84536;
Email: [email protected]
iDentixweb
STATEMENT OF CONSOLIDATED ASSETS AND LIABILITIES
AS AT MARCH 31, 2026
(INR In Lakh)
| Particulars | As on | ||
|---|---|---|---|
| 31-03-2026 | 31-03-2025 | ||
| A | Date of start of reporting period | 01-04-2025 | 01-04-2024 |
| B | Date of end of reporting period | 31-03-2026 | 31-03-2025 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| (A) | EQUITY AND LIABILITIES | ||
| 1 | Shareholders' funds | ||
| a | Share capital | 1,044.16 | 736.16 |
| b | Reserves and surplus | 2,375.24 | 665.13 |
| c | Money received against share warrants | - | - |
| d | Minority Interest | (155.06) | (89.56) |
| 2 | Share application money pending allotment | - | 550.80 |
| 3 | Deferred Government grants | - | - |
| 4 | Non-current liabilities | ||
| a | Long-term borrowings | 11.15 | 38.42 |
| b | Deferred tax liabilities (Net) | - | - |
| c | Foreign Currency monetary item translation difference liability account | - | - |
| d | Other Long-term liabilities | - | - |
| e | Long-term provisions | 26.00 | 28.40 |
| 5 | Current liabilities | ||
| a | Short-term borrowings | - | - |
| b | Trade Payables: | - | - |
| i | Total outstanding dues of micro enterprises and small enterprises | - | - |
| ii | Total outstanding dues of creditors other than micro enterprises and small enterprises. | 81.90 | 9.94 |
| c | Other current liabilities | 34.58 | 12.50 |
| d | Short-term provisions | 301.74 | 234.41 |
| Total | 3,719.71 | 2,186.20 | |
| (B) | ASSETS | ||
| 1 | Non-current assets | ||
| a | Property, Plant and Equipment | ||
| i | Tangible assets | 169.90 | 183.87 |
| ii | Producing Properties | - | - |
| iii | Intangible assets | 815.29 | 375.86 |
| iv | Pre-producing Properties | - | - |
| v | Tangible assets capital work-in-progress | - | - |
| vi | Intangible assets under development or work in progress | 1,149.97 | 521.98 |
iDentixweb Limited
CIN: L72100GJ2017PLC098473
Registered Office: 1st Floor, Plot No. 240, C. S.
No. 1730, Nehru Nagar, L. H. Road, Sy No.
46/A+2, Tpx-4, Surat - 395006, Gujarat, India
Phone: +91 76000 84536;
Email: [email protected]
iDentixweb
STATEMENT OF CONSOLIDATED ASSETS AND LIABILITIES
AS AT MARCH 31, 2026
(INR In Lakh)
| Particulars | As on | ||
|---|---|---|---|
| 31-03-2026 | 31-03-2025 | ||
| A | Date of start of reporting period | 01-04-2025 | 01-04-2024 |
| B | Date of end of reporting period | 31-03-2026 | 31-03-2025 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| (B) | ASSETS (continued) | ||
| b | Goodwill on Consolidation | 43.65 | 43.65 |
| c | Non-current investments | - | - |
| d | Deferred tax assets (net) | 21.22 | 14.52 |
| e | Foreign Currency monetary item translation difference asset account | - | - |
| f | Long-term loans and advances | 17.35 | 27.20 |
| g | Other non-current assets | - | - |
| 2 | Current assets | - | - |
| a | Current investments | - | - |
| b | Inventories | - | - |
| c | Trade receivables | 164.21 | 262.28 |
| d | Cash and cash equivalents | 929.99 | 694.71 |
| e | Bank Balance other than cash and cash equivalents | - | - |
| f | Short-term loans and advances | 387.13 | 4.41 |
| g | Other current assets | 21.00 | 57.72 |
| Total | 3,719.71 | 2,186.20 |
For, IDENTIXWEB LIMITED
Priyankkumar Savani
Chairman and Managing Director
DIN: 08562699
Place: Surat
Date: May 30, 2026
iDentixweb Limited
CIN: L72100GJ2017PLC098473
Registered Office: 1st Floor, Plot No. 240, C. S. No. 1730, Nehru Nagar, L. H. Road, Sy No. 46/A+2, Tp#4, Surat - 395006, Gujarat, India
Phone: +91 76000 84536;
Email: [email protected]
iDentixweb
CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED ON MARCH 31, 2026
(INR In Lakh)
| Particulars | Year ended | Year ended | |
|---|---|---|---|
| 31-03-2026 | 31-03-2025 | ||
| A | Date of start of reporting period | 01-04-2025 | 01-04-2024 |
| B | Date of end of reporting period | 31-03-2026 | 31-03-2025 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| A. | CASH FLOW FROM OPERATING ACTIVITIES | ||
| Net Profit as per P & L A/c. before Income Tax | 688.89 | 500.58 | |
| Add back: | |||
| (a) Depreciation | 116.89 | 108.81 | |
| (b) Finance Cost | 0.36 | - | |
| (c) Gratuity Expenses | 13.53 | 10.40 | |
| (d) Share of minority interest | (65.50) | 39.31 | |
| Deduct: | |||
| (a) Interest on FD | (56.24) | (1.85) | |
| (b) Interest on Loan & Advances | - | (10.29) | |
| (c) Profit on sale of investment | - | (4.17) | |
| Operating Profit before working Capital Changes | 697.93 | 642.79 | |
| Adjustment For Working Capital Changes: | |||
| (Increase) / Decrease In Trade Receivables | 98.07 | (212.68) | |
| (Increase) / Decrease In Other Current Assets | (382.71) | (14.59) | |
| Increase / (Decrease) In Trade Payables | 36.72 | 9.05 | |
| Increase/ (Decrease) In Other Current Liabilities | 71.96 | 11.80 | |
| Increase/ (Decrease) In Provisions | 22.08 | 58.44 | |
| (Increase) / Decrease In Loans and Advances | 65.21 | 1.33 | |
| CASH GENERATED FROM OPERATIONS | 609.25 | 496.13 | |
| Deduct: | |||
| Current Income Tax Paid / (Refund) - Net | 219.01 | 173.29 | |
| Net Cash Flow From Operating Activities | 390.24 | 322.84 | |
| B. | CASH FLOW FROM INVESTMENT ACTIVITIES | ||
| (Purchase) / Sale of Fixed Assets | (1,125.35) | (545.49) | |
| (Increase) / Decrease In Short Term Loans & Advances | - | - | |
| (Increase) / Decrease In Long Term Loans & Advances | 9.85 | (0.25) | |
| (Increase) / Decrease In Non- Current Investment | - | - | |
| (Increase) / Decrease In Current Investment | - | - | |
| Interest on FD | 56.24 | 1.85 | |
| Interest on Loan & Advances | - | 10.29 | |
| Profit on sale of investment | - | 4.17 | |
| Net Cash Flow From Investment Activities | (1,059.26) | (529.43) |
iDentixweb Limited
CIN: L72100GJ2017PLC098473
Registered Office: 1st Floor, Plot No. 240, C. S. No. 1730, Nehru Nagar, L. H. Road, Sy No. 46/A+2, Tpx-4, Surat - 395006, Gujarat, India
Phone: +91 76000 84536;
Email: [email protected]
iDentixweb
| Particulars | Year ended | Year ended | |
|---|---|---|---|
| 31-03-2026 | 31-03-2025 | ||
| A | Date of start of reporting period | 01-04-2025 | 01-04-2024 |
| B | Date of end of reporting period | 31-03-2026 | 31-03-2025 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| C. | CASH FLOW FROM FINANCING ACTIVITIES | ||
| Increase/ (Decrease) In Long-Term Borrowings | (27.26) | 27.48 | |
| Increase/ (Decrease) In Short-Term Borrowings | - | - | |
| Proceeds from Issue of Share Capital | 308.00 | - | |
| Proceeds From Share Application Money | (550.80) | 550.80 | |
| Proceeds from Security Premium | 1,174.73 | - | |
| Finance Costs Paid | (0.36) | - | |
| Net Cash Flow From Financing Activities | 904.30 | 578.28 | |
| NET CHANGE IN CASH AND CASH EQUIVALENTS [A+B+C] | 235.28 | 371.69 | |
| Opening Cash & Cash Equivalents | 694.71 | 323.02 | |
| Closing Cash and Cash Equivalents | 929.99 | 694.71 |
Note: The cash flow statement has been prepared under the indirect method as set out in Accounting Standard.
For, IDENTIXWEB LIMITED
Priyankkumar Savani
Chairman and Managing Director
DIN: 08562699
Place: Surat
Date: May 30, 2026
iDentixweb Limited
CIN: L72100GJ2017PLC098473
Registered Office: 1st Floor, Plot No. 240, C. S.
No. 1730, Nehru Nagar, L. H. Road, Sy No.
46/A+2, Tpx-4, Surat - 395006, Gujarat, India
Phone: +91 76000 84536;
Email: [email protected]
A. K. OSTWAL & Co.
CHARTERED ACCOUNTANT
INDIA INDEPENDENT AUDITOR'S REPORT ON AUDITED CONSOLIDATED FINANCIAL RESULT FOR HALF YEAR AND YEAR ENDED MARCH 31, 2026 OF THE COMPANY PURSUANT TO THE REGULATION 33 OF THE SEBI (LISTING OBLIGATION AND DISCLOSURE REQUIREMENT) REGULATIONS, 2015
To
The Board of Directors of
Identixweb Limited
(CIN: L72100GJ2017PLC098473)
Report on the audit of the Consolidated Results.
Opinion
We have audited the accompanying Consolidated Financial Results of Identixweb Limited (“the Company”) for the half year and year ended March 31, 2026 (the statement), and its subsidiary company, Munim ERP Private Limited (the Holding Company and its subsidiaries together referred to as “the Group”), for the half year and year ended March 31, 2026, including the consolidated statement of assets & liabilities and consolidated statement of cash flows and the Notes thereon (“the Consolidated Financial Results”), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with relevant SEBI circulars in this regard (“SEBI Regulations”).
In our opinion and to the best of our information and according to the explanations given to us, the consolidated financial results:
I. Includes the financial results of the subsidiary Munim ERP Private Limited
II. Are presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended; and
III. Gives a true and fair view in conformity with the applicable Accounting Standards prescribed under Section 133 of the Companies Act, 2013 (the “Act”) and other accounting policies generally accepted in India, of the net profit and other financial information of the company for the year then ended.
Basis of Opinion
We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the companies Act, 2013 (the Act). Our responsibilities under those Standards are further described in the Auditor’s responsibilities for the Audit of the Consolidated Financial Results section of our report. We are independent of the company in accordance with the code of Ethics issued by the Institute of Chartered Accountants of India; together with the ethics requirements that are relevant to our audit of the financial results under the provisions of the Companies Act, 2013 and the Rules there under, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Management’s Responsibilities for the Consolidated Financial Results
These half year financial results as well as the year-to-date financial results have been prepared on the basis of the consolidated financial statements.
The Holding Company’s Management and Board of Directors are responsible for the preparation and presentation of these Consolidated financial results that give a true and fair view of financial position, financial performance and cash flows of the Group including its subsidiary in accordance with the recognition and measurement principles laid down in Accounting Standard prescribed under Section 133 of the Act and other accounting principles generally accepted in India and in compliance with Regulation
C-408, International Trade Center, Majura Gate, Ring Road, Surat - 395 002.
517, Jeevandeep Complex, Near Nirmal Hospital, Ring Road, Surat- 395 002.
0281 - 2501558 [email protected]
CA
INDIA
A. K. OSTWAL & Co.
CHARTERED ACCOUNTANT
33 of the SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error. In preparing the consolidated financial result, the respective Board of Directors of the companies included in the Group are responsible for assessing the Group's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so.
The Respective Board of Directors are also responsible for overseeing the Group's financial reporting process.
Auditor's Responsibilities for the Audit of the Consolidated Financial Results
Our objectives are to obtain reasonable assurance about whether the Consolidated financial results as a whole are free from material misstatement, whether due to fraud or error and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the Statement. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
-
Identify and assess the risks of material misstatement of the statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis, for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
-
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control.
-
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors
-
Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.
-
Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the financial results represent the underlying transactions and events in a manner that achieves fair presentation.
C-408. International Trade Center, Majura Gate, Ring Road, Surat - 395 002.
- Jeevandeep Complex, Near Nirmal Hospital, Ring Road, Surat- 395 002.
0761-2301500
CA
INDIA
A. K. OSTWAL & Co.
CHARTERED ACCOUNTANT
Obtain sufficient appropriate audit evidence regarding the Annual Consolidated Financial Results of the Company to express an opinion on the Audited Standalone Financial Results.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
Our responsibility is to express an opinion on these financial statements based on our audit. We have taken into account the provisions of the Act, the Accounting and Auditing Standards and matters which are required to be included in the Audit Report under the provisions of the Act and the Rules made there under. We conducted our audit in accordance with the Standards on Auditing specified under Section 143(10) of the Act. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.
Other Matters
The accompanying financial results include the results for the half year ended March 31, 2026 being the balancing figure between the audited figures in respect of the full financial year and the audited year to date figures up to the first half year ended as on September 30, 2025 of the current financial year.
Parallel, the accompanying financial results include the results for the half year ended March 31, 2025 being the balancing figure between the audited figures in respect of the full financial year and the audited year to date figures up to the first half year ended as on September 30, 2024 of the previous financial year which is provided by the management and not subject to review by the statutory auditor.
Moreover, the Consolidated Result does not include the financial of Identixweb LLC, U.S.A. (Delaware) due to no operation by Identixweb LLC, U.S.A. (Delaware) during the period. The Company has yet not subscribed equity shares of Identixweb LLC, U.S.A. (Delaware).
Our report on the Statement is not modified in respect of this matter.
For, A K Ostwal & Co
Chartered Accountants
FRN: 107200W
PARTNER
MEMBERSHIP NO. 140574
UDIN: 26140574DVXYSW3507
DATE: 30/05/2026
PLACE: Surat
C-408, International Trade Center, Majura Gate, Ring Road, Surat - 395 002.
517, Jeevandeep Complex, Near Nirmal Hospital, Ring Road, Surat- 395 002.
0281 - 2901508
[email protected]
iDentixweb
Date: May 30, 2026
To,
BSE Limited,
P.J. Towers,
Dalal Street, Fort,
Mumbai - 400 001.
Dear Sir/Madam,
Subject: Declaration pursuant to Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Reference: Identixweb Limited (Id: IDENTIXWEB; Code: 544388)
In Compliance with Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2016, vide notification no. SEBI/LAD-NRO/GN/2016-17/001 dated May 25, 2016 and circular no. CIR/CFD/CMD/56/2016 dated May 27, 2016, we hereby declare that the Statutory Auditors of the Company, M/s. A K Ostwal & Co, Chartered Accountant, Surat (FRN: 107200W) have issued an Audits' Reports with unmodified opinion on the Audited Standalone and Consolidated Financial Results of the Company for the half-year and financial year ended March 31, 2026.
You are requested to take the same on record.
Thanking you,
Yours faithfully,
For, IDENTIXWEB LIMITED
Priyankkumar Savani
Chairman and Managing Director
DIN: 08562699
Place: Surat
iDentixweb Limited
CIN: L72100GJ2017PLC098473
Registered Office: 1st Floor, Plot No. 240, C. S.
No. 1730, Nehru Nagar, L. H. Road, Sy No.
46/A+2, Tpx-4, Surat - 395006, Gujarat, India
Phone: +91 76000 84536;
Email: [email protected]
CA
INDIA
A. K. OSTWAL & Co.
CHARTERED ACCOUNTANT
Date: May 30, 2026
To
The Board of Directors
Identixweb Limited
1st Floor, Plot No. 240, C. S. No. 1730, Nehru
Nagar, L. H. Road, Sy No. 46/A+2, Tps-4, Surat -
395006, Gujarat, India.
To,
Listing Compliance Department
BSE Limited,
P.J. Towers,
Dalal Street, Fort,
Mumbai - 400 001.
Subject: Certificate for utilization of issue proceeds in relation to Initial Public Issue (IPO) of Identixweb Limited ("the Company") upto March 31, 2026
Reference: Identixweb Limited (Id: IDENTIXWEB; Code: 544388)
Dear Sir,
We, M/s. A K Ostwal & Co, Chartered Accountants, the Statutory Auditor of the Company, hereby certify that upto March 31, 2026, the Company has utilized the proceeds of the Initial Public Issue (IPO) in the manner as enclosed in Annexure- A and Annexure- B.
The utilization is within the limits prescribed and purposes disclosed in the offer documents and is in compliance with the applicable provisions of SEBI (ICDR) Regulations, 2018.
For, A K Ostwal & Co
Chartered Accountants
FRN: 107200W
PARTNER
MEMBERSHIP NO. 140574
UDIN: 26140574JJWFQM2501
Place: Surat
Enclosures:
Annexure A - Statement of Deviation or Variation in the use of Issue proceeds for the half year and year ended March 31, 2026
Annexure B - Statement of utilization of issue proceeds
C-408, International Trade Center, Majura Gate, Ring Road, Surat - 395 002.
517, Jeevandeep Complex, Near Nirmal Hospital, Ring Road, Surat- 395 002.
0261 - 2901508
CA
INDIA
A. K. OSTWAL & Co.
CHARTERED ACCOUNTANT
Annexure-A
STATEMENT ON DEVIATION OR VARIATION FOR PROCEEDS OF INITIAL PUBLIC ISSUE
(Amount in Lakhs)
| Statement on deviation / variation in utilisation of funds raised | |
|---|---|
| Name of listed entity | Identixweb Limited |
| Mode of Fund Raising | Initial Public Issue (IPO) |
| Date of Raising Funds | 01-04-2025 |
| Amount Raised (In Lakhs) | 1663.20 |
| Report filed for Quarter ended | 31/03/2026 |
| Monitoring Agency | Not applicable |
| Monitoring Agency Name, if applicable | Not applicable |
| Is there a Deviation/Variation in use of funds raised | No |
| If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders | Not Applicable |
| If Yes, Date of shareholder Approval | Not Applicable |
| Explanation for the Deviation/Variation | Not Applicable |
| Comments of the Audit Committee after review | No comments from the Audit Committee |
| Comments of the auditors, if any | No comments from the Auditors |
| Objects for which funds have been raised and where there has been a deviation, in the following table | As under |
(Amount in Lakhs)
| Original Object | Modified Object, if any | Original Allocation | Modified allocation, if any | Funds Utilised | Amount of Deviation/Variation for the quarter according to applicable object | Remarks if any |
|---|---|---|---|---|---|---|
| Investment in marketing to support organization's growth plans in India or Outside India | Not Applicable | 250.00 | Allocation was not modified | 54.50 | Nil | Amount Lying in Fixed Deposits with Banks |
| Investment into market research and product development through Talent Hiring for the issuer company | 420.00 | 420.00 |
C-408, International Trade Center, Majura Gate, Ring Road, Surat - 395 002.
517, Jeevandeep Complex, Near Nirmal Hospital, Ring Road, Surat- 395 002.
0261 - 2901508
CA
INDIA
A. K. OSTWAL & Co.
CHARTERED ACCOUNTANT
| Original Object | Modified Object, if any | Original Allocation | Modified allocation, if any | Funds Utilised | Amount of Deviation/Variation for the quarter according to applicable object | Remarks if any |
|---|---|---|---|---|---|---|
| Investment in our Subsidiary i.e., Munim ERP Private Limited for Product Development through Talent Hiring | 415.80 | 415.80 | ||||
| General Corporate Purposes | 395.98 | 395.98 | ||||
| Public Issue Expenses | 181.42 | 181.42 | ||||
| Total | 1663.20 | 1467.70 |
Deviation or variation could mean:
(a) Deviation in the objects or purposes for which the funds have been raised or
(b) Deviation in the amount of funds actually utilized as against what was originally disclosed or
(c) Change in terms of a contract referred to in the fund raising document i.e. prospectus, letter of offer, etc.
For, A K Ostwal & Co
Chartered Accountants
FRN: 107200W
PARTNER
MEMBERSHIP NO. 140574
UDIN: 26140574JJWFQM2501
Date: 30/05/2026
Place: Surat
C-408. International Trade Center, Malaya, India
CA
INDIA
A. K. OSTWAL & Co.
CHARTERED ACCOUNTANT
Annexure- B
(Amount in Lakhs)
STATEMENT OF UTILIZATION OF ISSUE PROCEEDS
| Sr. No. | Object as disclosed in the Offer Document | Amount disclosed in the Offer Document | Actual Utilised Amount | Unutilised Amount | Remarks |
|---|---|---|---|---|---|
| 1 | Investment in marketing to support organization's growth plans in India or Outside India | 250.00 | 54.50 | 195.50 | Amount Lying in Fixed Deposits with Banks |
| 2 | Investment into market research and product development through Talent Hiring for the issuer company | 420.00 | 420.00 | Nil | |
| 3 | Investment in our Subsidiary i.e., Munim ERP Private Limited for Product Development through Talent Hiring | 415.80 | 415.80 | Nil | |
| 4 | General Corporate Purposes | 395.98 | 395.98 | Nil | |
| 5 | Public Issue Expenses | 181.42 | 181.42 | Nil | |
| Total | 1663.20 | 1467.70 | 195.50 | - |
For, A K Ostwal & Co
Chartered Accountants
FRN: 107200W
PARTNER
MEMBERSHIP NO. 140574
UDIN: 26140574JJWFQM2501
Date: 30/05/2026
Place: Surat
C-408, International Trade Center, Majura Gate, Ring Road, Surat - 395 002.
517, Jeevandeep Complex, Near Nirmal Hospital, Ring Road, Surat- 395 002.
0261-2901508