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Nucleus Software Exports Ltd Earnings Release 2026
59444_rns_2026-05-21_920788c4-125f-41be-80d2-88c95e5c6dc7.pdf
Earnings Release
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NUCLEUS SOFTWARE
NUCLEUS SOFTWARE EXPORTS LTD.
CIN: L74899DL1989PLC034594
Corporate Office
A-39, Sector-62, Noida,
Uttar Pradesh, 201307. India.
T: +91.120.4031.400
F: +91.120.4031.672
E: [email protected]
W: www.nucleussoftware.com
May 21, 2026
| The Listing Department | The Listing Department |
|---|---|
| National Stock Exchange of India Limited | BSE Limited |
| Exchange Plaza, Bandra-Kurla, Complex | Phiroze Jeejeebhoy Towers, |
| Bandra (E), Mumbai-400051 | 25th Floor, Dalal Street, Mumbai-400001 |
| SYMBOL: NUCLEUS | SCRIP CODE: 531209 |
Dear Sirs,
SUB: OUTCOME OF THE BOARD MEETING AND FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2026
REF: REGULATION 33 AND 30(2) OF SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 IN TERM OF THE REGULATION 33 AND 30(2) OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015
This has reference to our letter dated May 11, 2026, regarding the captioned subject. The Board, at their meeting held today on May 21, 2026 transacted the following items of business:
A. Annual Audited Financial Results:
i. Approved the Audited Standalone Results and Unaudited Consolidated Results for the Quarter ended March 31, 2026;
ii. Approved the Audited Standalone Results and Audited Consolidated Results for the Year ended March 31, 2026 along with Standalone Audit Report and Consolidated Audit Report;
The above Financials have been duly reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on May 21, 2026.
B. Final Dividend
Further the Board of Directors of the Company at its meeting held today has recommended of final dividend of Rs. 12.50 per equity share of face value of Rs. 10/- each (i.e. 125% of Face Value of Rs. 10/- each) for the financial year 2025-26, subject to the approval of the Shareholders at the ensuing Annual General Meeting of the Company.
C. Re-appointment of Mr. Vishnu R Dusad as the Managing Director of the Company
Based on the recommendation of the Nomination and Remuneration/Compensation Committee, the Board of Directors of the Company have approved the re-appointment of Mr. Vishnu R Dusad (DIN: 00008412) as Managing Director (Promoter and Executive) of the Company for a term of 5 (Five) consecutive years effective from January 01 2027 till December 31, 2031 (both days inclusive).
The said re-appointment is subject to the approval of the Shareholders of the Company. Mr. Vishnu R Dusad (DIN: 00008412) is not disqualified from being re-appointed as a Managing Director in terms of the Companies Act, 2013 and has given his consent to act as a Managing Director.
Registered Office
33-35 Thyagraj Nagar Mkt, New Delhi - 110003
Tel.: +91.11.2462.7552 F.: +91.11.2462.0872
NUCLEUS SOFTWARE
NUCLEUS SOFTWARE EXPORTS LTD.
CIN: L74899DL1989PLC034594
Corporate Office
A-39, Sector-62, Noida,
Uttar Pradesh, 201307. India.
T: +91.120.4031.400
F: +91.120.4031.672
E: [email protected]
W: www.nucleussoftware.com
Further, as required by Circular no. NSE/CML/2018/02 dated June 20, 2018, issued by NSE, he is not debarred from holding the office of a director by virtue of any SEBI order or any other Authority.
The required details in relation to reappointment of Managing Director pursuant to the provision of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular no. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026 is annexed herewith as an Annexure-A.
D. Considered and approved amendments to the following policy
- Whistle blower policy
In compliance with the said regulations, Kindly find enclosed herewith the amended Code for your record, and the same is also available on the website of the Company: www.nucleussoftware.com
Timings of Meeting:
Commencement Time: 10:00 A.M.
Conclusion Time: 14:50 P.M.
This is for your information and records.
Thanking You
Yours Sincerely
For Nucleus Software Exports Limited
Poonam Bhasin
Digitally signed by Poonam Bhasin
Date: 2026.05.21 14:50:18
+05'30"
Poonam Bhasin
Company Secretary
Encl: as above
Registered Office
33-35 Thyagraj Nagar Mkt, New Delhi - 110003
Tel.: +91.11.2462.7552 F.: +91.11.2462.0872
May 21, 2026
| The Listing Department | The Listing Department |
|---|---|
| National Stock Exchange of India Limited | BSE Limited |
| Exchange Plaza, Bandra-Kurla, Complex | Phiroze Jeejeebhoy Towers, |
| Bandra (E), Mumbai-400051 | 25th Floor, Dalal Street, Mumbai-400001 |
| SYMBOL: NUCLEUS | SCRIP CODE: 531209 |
Dear Sirs,
SUB: DECLARATION PURSUANT TO REGULATION 33(3)(D) OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 AS AMENDED
DECLARATION
I, Ashok Kumar Bhura, Chief Financial Officer of Nucleus Software Exports Limited (CIN: L74899DL1989PLC034594) having its Corporate Office at A-39, Sector-62, Noida, Uttar Pradesh-201307, India, hereby declare that the Statutory Auditors of the Company M/s ASA & Associates LLP (FRN: 009571N/N500006) have issued an Audit Report with unmodified opinion on the Annual Audited Financial Results of the Company (Standalone & Consolidated) for the year ended March 31, 2026.
This Declaration is given in compliance to Regulation 33(3)(d) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended and Circular No. CIR/CFD/CMD/56/2016 dated May 27, 2016
This is for your information and records.
Thanking you
Yours Sincerely
For Nucleus Software Exports Limited
Ashok Kumar Bhura
Digitally signed by
Ashok Kumar Bhura
Date: 2026.05.21
14:46:09 +05'30'
Ashok Kumar Bhura
Chief Financial Officer
(Annexure A)
Details in relation to reappointment of Managing Director pursuant to the provision of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular no. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026.
| Sr. No. | Items for Disclosure | Description |
|---|---|---|
| 1. | Name of the Director | Mr. Vishnu R Dusad (DIN: 00008412) |
| 2. | Reason for change viz. appointment, reappointment, resignation, removal, death or otherwise | Re-appointment |
| 3. | Date of appointment/re-appointment/ cessation (as applicable) and term of appointment/re-appointment | Date of Re-appointment: January 01, 2027 |
| Term- 5 Years Commencing from January 01, 2027 to December 31, 2031 | ||
| 4. | Brief Profile (in case of appointment/re-appointment) | Mr. Vishnu R. Dusad is one of the key founders of Nucleus Software Exports Ltd. and has served as a Director since the company’s inception. He earned his Bachelor’s degree in Technology from the Indian Institute of Technology (IIT), Delhi, and has been actively contributing to the growth of the Indian software industry as an entrepreneur since 1983. He was appointed Managing Director of the company in January 1997. |
With a strong technology background and over three decades of professional experience in Information Technology solutions for the BFSI sector, Mr. Dusad has played a pivotal role in shaping Nucleus Software. He is deeply committed to making a meaningful impact on the lives of fellow Nucleites and, through Nucleus, on the world at large. His success in securing global business deals for Nucleus Products is largely attributed to his keen understanding of cross-cultural dynamics.
Mr. Dusad’s expertise spans software development, strategic alliances, business development, and strategic planning. He attributes Nucleus’s success to teamwork, entrepreneurial spirit, and the ability to seize opportunities in the marketplace. |
| 5. | Disclosure of relationships between directors (in case of appointment of a director) | Dr. Ritika Dusad, Executive Director of the Company, is related to Mr. Vishnu R Dusad and is Daughter of Mr. Vishnu R Dusad |
ASA & ASSOCIATES LLP
CHARTERED ACCOUNTANTS
Smartworks Golf View Towers
9th Floor, Tower-B Sector 42
Gurugram 122 009 INDIA
T +91 124 6926 200
Aurobindo Tower
81/1 Third Floor
Adchini, Aurobindo Marg
New Delhi 110 017 INDIA
T +91 11 4100 9999
asaandassociates.co.in
INDEPENDENT AUDITOR'S REPORT ON THE AUDIT OF THE CONSOLIDATED FINANCIAL RESULTS
To The Board of Directors of Nucleus Software Exports Limited
Opinion
We have audited the accompanying Statement of Consolidated Financial Results of Nucleus Software Exports Limited (“the Holding”) and its subsidiaries (the Holding and its subsidiaries together referred to as “the Group”), for the year ended March 31, 2026, (the “Statement”), being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations”).
In our opinion and to the best of our information and according to the explanations given to us, and based on the consideration of reports of other auditors on separate audited financial statements/financial information of the subsidiaries, the aforesaid consolidated financial results:
a. Include the annual financial results of the following entities:
- Nucleus Software Exports Limited
- Nucleus Software Solutions Pte. Limited
- Nucleus Software Inc.
- Nucleus Software Japan Kabushiki Kaisha
- Nucleus Software Netherlands B.V.
- Nucleus Software Limited
- Nucleus Software Australia Pty. Ltd.
- Nucleus Software South Africa (Pty.) Limited
- Nucleus Software Vietnam Company Limited
b. is presented in accordance with the requirements of Regulation 33 of the Listing Regulations; and
c. give a true and fair view in conformity with the recognition and measurement principles laid down in the Indian Accounting Standards (“Ind AS”) prescribed under section 133 of the Companies Act, 2013 (the “Act”) read with relevant rules issued thereunder and other accounting principles generally accepted in India of the consolidated net profit and total comprehensive income, and other financial information of the Group for the year ended March 31, 2026.
Basis for Opinion
We conducted our audit of the Statement in accordance with the Standards on Auditing (“SAs”) specified under Section 143(10) of the Act. Our responsibilities under those Standards are further described in Auditor’s Responsibilities for the Audit of the Consolidated Financial Results section of our report. We are independent of the Group in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (“ICAI”) together with the ethical requirements that are relevant to our audit of the Consolidated Financial Results for the year ended March 31, 2026, under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities
ASSOCIATES LLP Chartered Accountants
ASA
in accordance with these requirements and the ICAI’s Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion on the Consolidated Financial Results.
Management’s and Board of Directors’ Responsibilities for the Consolidated Financial Results
This Statement, which is the responsibility of the Holding Company’s Management and approved by the Board of Directors, has been compiled from the related audited Consolidated financial statements for the year ended March 31, 2026. This responsibility includes the preparation and presentation of the Consolidated Financial Results for the year ended March 31, 2026 that give a true and fair view of the consolidated net profit and consolidated other comprehensive income and other financial information of the Group in accordance with the recognition and measurement principles laid down in Ind AS, prescribed under Section 133 of the Act, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Group 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 the 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 Consolidated Financial Results that give a true and fair view and is free from material misstatement, whether due to fraud or error.
In preparing the Consolidated Financial Results, the respective Management and Board of Directors 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 respective Board of Directors either intends to liquidate the Companies or to cease operations, or has no realistic alternative but to do so.
The respective Board of Directors of the companies included in the Group is also responsible for overseeing the financial reporting process of each company.
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 these Consolidated financial results.
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 Consolidated Financial Results, 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.
A
ASA
-
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion through a separate report on the complete set of financial statements on whether the Group has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
-
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures in the consolidated financial results made by the management and Board of Directors.
-
Evaluate the appropriateness and reasonableness of disclosures made by the Board of Directors in terms of the requirements specified under Regulation 33 of the Listing Regulations.
-
Conclude on the appropriateness of the management and 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 ability of the Group 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 Consolidated 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 Consolidated Financial Results, including the disclosures, and whether the Consolidated Financial Results represent the underlying transactions and events in a manner that achieves fair presentation.
-
Obtain sufficient appropriate audit evidence regarding the Consolidated Financial Results of the entities within the Group to express an opinion on the Consolidated Financial Results. We are responsible for the direction, supervision, and performance of the audit of financial information of such entity included in the Consolidated Financial Results of which we are an independent auditor.
We communicate with those charged with governance of the Company and such other entity included in the Consolidated Financial Results of which we are an independent auditor 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.
We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable.
ASSOCIATED COURT OF THE UNITED STATES
ASA
Other Matters
- We did not audit the financial information of one subsidiary, whose financial information reflects total assets of Rs. 3,393 Lakhs as at March 31, 2026, total revenue of Rs. 10,612 Lakhs, net profit after tax of Rs. 554 Lakhs and net cash outflow of Rs. 76 Lakhs for the year ended on that date, as considered in the consolidated financial results. The subsidiary is located outside India whose financial statements and other financial information have been prepared in accordance with accounting principles generally accepted in their respective country and which have been audited by other auditor under generally accepted auditing standards applicable in their respective country. The Holding Company’s management has converted the financial information of such subsidiary located outside India from accounting principles generally accepted in their respective country to accounting principles generally accepted in India. We have audited these conversion adjustments made by the Holding Company’s management. Our opinion in so far as it relates to the balances and affairs of such subsidiary located outside India is based on the reports of other auditor and the conversion adjustments prepared by the management of the Holding Company and audited by us.
Our opinion on the Statement is not modified in respect of this matter with respect to our reliance on the work done and report of the other auditors.
- The Financial Statements includes the unaudited financial information of Six subsidiaries, whose financial information reflects total assets of Rs. 2,263 Lakhs as at March 31, 2026, and total revenue of Rs. 3,508 Lakh, total net profit after tax of Rs. 268 Lakhs and net cash outflows of Rs. 335 Lakh for the year ended on that date, as considered in the consolidated financial statements. This unaudited financial information have been furnished to us by the Board of Directors.
Our opinion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based solely on such financial information. In our opinion and according to the information and explanations given by the management, this financial information are not material to the Group.
Our opinion on the Consolidated Financial Results is not modified in respect of the above matter with respect to the financial information certified by the Board of Directors.
- The Consolidated Financial Results includes the results for the quarter ended March 31, 2026, being the balancing figure between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year which were subject to limited review by us.
Our opinion is not modified in respect of these matters.
For ASA & Associates LLP
Chartered Accountants
Firm Registration No. 009571N/N500006
PRATEET
KUMAR MITTAL
Digitally signed by
PRATEET KUMAR MITTAL
Date: 2026.05.21 14:58:03
+05'30'
Prateet Mittal
Partner
Membership No. 402631
UDIN: 26402631DJXVOR9215
Place: Gurugram
Date: May 21, 2026
ASA & ASSOCIATES LLP
CHARTERED ACCOUNTANTS
Smartworks Golf View Towers
9th Floor, Tower-B Sector 42
Gurugram 122 009 INDIA
T +91 124 6926 200
Aurobindo Tower
81/1 Third Floor
Adchini, Aurobindo Marg
New Delhi 110 017 INDIA
T +91 11 4100 9999
asaandassociates.co.in
INDEPENDENT AUDITOR'S REPORT ON THE AUDIT OF THE QUARTERLY AND ANNUAL STANDALONE FINANCIAL RESULTS
To The Board of Directors of Nucleus Software Exports Limited
Opinion
We have audited the accompanying Statement of Standalone Financial Results of Nucleus Software Exports Limited (the “Company”), for the quarter and year ended March 31, 2026, (the “Statement”), being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations”).
In our opinion and to the best of our information and according to the explanations given to us, the Statement:
a. is presented in accordance with the requirements of Regulation 33 of the Listing Regulations; and
b. gives a true and fair view in conformity with the recognition and measurement principles laid down in the Indian Accounting Standards (“Ind AS”) prescribed under section 133 of the Companies Act, 2013 (the “Act”) read with relevant rules issued thereunder and other accounting principles generally accepted in India of the net profit and total comprehensive income, and other financial information of the Company for the quarter and year ended March 31, 2026.
Basis for Opinion
We conducted our audit of the Statement in accordance with the Standards on Auditing (“SAs”) specified under Section 143(10) of the Act. Our responsibilities under those Standards are further described in Auditor’s Responsibilities for the Audit of the Standalone 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 (“ICAI”) together with the ethical requirements that are relevant to our audit of the Standalone Financial Results for the quarter and year ended March 31, 2026, under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI’s Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion.
Management’s and Board of Directors’ Responsibilities for the Standalone Financial Results
This Statement, which is the responsibility of the Company’s Management and approved by the Board of Directors, has been compiled from the related audited standalone financial statements for the quarter and year ended March 31, 2026. This responsibility includes the preparation and presentation of the Standalone Financial Results for the quarter and year ended March 31, 2026 that give a true and fair view of the net profit and other comprehensive income and other financial information of the Company in accordance with the recognition and measurement principles laid down in Ind AS, prescribed under Section 133 of the Act, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This
A
ASA
responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding 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 the 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 standalone financial results that give a true and fair view and is free from material misstatement, whether due to fraud or error.
In preparing the Standalone Financial Results, the management and 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 financial reporting process of the Company.
Auditor's Responsibilities for the Audit of the Standalone Financial Results
Our objectives are to obtain reasonable assurance about whether the Standalone 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 these standalone financial results.
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 Standalone Financial Results, 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. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion through a separate report on the complete set of financial statements on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures in the standalone financial results made by the management and Board of Directors.
- Evaluate the appropriateness and reasonableness of disclosures made by the Board of Directors in terms of the requirements specified under Regulation 33 of the Listing Regulations.
A
ASA
-
Conclude on the appropriateness of the management and 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 ability of the Company 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 Standalone 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 Standalone Financial Results, including the disclosures, and whether the Standalone Financial Results represent the underlying transactions and events in a manner that achieves fair presentation.
-
Obtain sufficient appropriate audit evidence regarding the Standalone Financial Results of the Company to express an opinion on the 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.
Other Matters
The Standalone Financial results includes the results for the quarter ended March 31, 2026, being the balancing figure between the audited figures in respect of the full financial year and the published audited year to date figures up to the third quarter of the current financial year.
Our opinion is not modified in respect of this matter.
For ASA & Associates LLP
Chartered Accountants
Firm Registration No. 009571N/N500006
PRATEET
KUMAR MITTAL
Digitally signed by
PRATEET KUMAR MITTAL
Date: 2026.05.21
14:58:27 +05'30'
Prateet Mittal
Partner
Membership No. 402631
UDIN: 26402631GVEUZM2368
Place: Gurugram
Date: May 21, 2026
PART I : STATEMENT OF CONSOLIDATED FINANCIAL RESULTS OF
NUCLEUS SOFTWARE EXPORTS LIMITED AND ITS SUBSIDIARIES
FOR THE QUARTER AND YEAR ENDED 31 MARCH 2026
(Amount in Rupees Lakhs unless otherwise stated)
| For the quarter ended | For the year ended | |||||
|---|---|---|---|---|---|---|
| Particulars | 31 March 2026 | 31 December 2025 | 31 March 2025 | 31 March 2026 | 31 March 2025 | |
| Unaudited | Unaudited | Unaudited | Audited | Audited | ||
| 1. | REVENUE FROM OPERATIONS | |||||
| Income from software products and services | 22,477 | 22,003 | 22,896 | 87,603 | 83,225 | |
| 2. | OTHER INCOME | 1,492 | 1,512 | 1,662 | 6,416 | 6,626 |
| 3. | TOTAL INCOME (1+2) | 23.969 | 23.515 | 24.558 | 94.019 | 89.851 |
| 4. | EXPENSES | |||||
| a) Employee benefits expense | 15,147 | 14,486 | 12,258 | 58,941 | 53,464 | |
| b) Operating and other expenses | 3,834 | 4,195 | 3,188 | 16,105 | 12,926 | |
| c) Finance cost | 34 | 50 | 17 | 141 | 75 | |
| d) Depreciation, amortisation and impairment expenses | 493 | 433 | 341 | 1,649 | 1,481 | |
| TOTAL EXPENSES | 19.508 | 19.164 | 15.804 | 76.836 | 67.946 | |
| 5. | PROFIT BEFORE EXCEPTIONAL ITEMS AND TAX (3-4) | 4,461 | 4,351 | 8,754 | 17,183 | 21,905 |
| 6. | EXCEPTIONAL ITEMS | |||||
| Impact of New Labour Codes (refer note 3 below) | 310 | 1,885 | - | 2,195 | - | |
| 7. | PROFIT BEFORE TAX (5-6) | 4,151 | 2,466 | 8,754 | 14,988 | 21,905 |
| 8. | TAX EXPENSE | |||||
| Net current tax expense | 1,166 | 585 | 2,061 | 3,655 | 4,763 | |
| Deferred tax (credit) /charge | (470) | (189) | 216 | (341) | 842 | |
| NET TAX EXPENSE | 696 | 396 | 2.277 | 3.314 | 5.605 | |
| 9. | PROFIT FOR THE PERIOD/YEAR (7-8) | 3,455 | 2,070 | 6,477 | 11,674 | 16,300 |
| 10. | OTHER COMPREHENSIVE INCOME / (LOSS) | |||||
| A) | (i) Items that will not be reclassified to profit or loss | |||||
| Remeasurement of the net defined liability/asset | 213 | 57 | 54 | 374 | (438) | |
| Equity instruments through other comprehensive income - net change in fair value | (72) | 193 | 18 | 467 | (193) | |
| (ii) Tax (expense) / income relating to Items that will not be reclassified to profit or loss | (43) | (89) | (15) | (161) | 148 | |
| B) | (i) Items that will be reclassified subsequently to profit or loss | |||||
| Exchange differences on translation of foreign operations | (201) | 195 | (118) | 347 | 127 | |
| Effective portion of gains and loss on hedging instruments in a cash flow hedge | (69) | 3 | 59 | (114) | 2 | |
| (ii) Tax (expense) / income relating to items that will be reclassified subsequently to profit or loss | 14 | (1) | (18) | 27 | (2) | |
| TOTAL OTHER COMPREHENSIVE INCOME / (LOSS), NET OF TAX | (158) | 358 | (20) | 940 | (356) | |
| 11. | TOTAL COMPREHENSIVE INCOME FOR THE PERIOD/YEAR (9+10) | 3,297 | 2,428 | 6,457 | 12,614 | 15,944 |
| Profit for the period/year attributable to | ||||||
| -Shareholders of the Company | 3,455 | 2,070 | 6,477 | 11,674 | 16,300 | |
| -Non controlling interest | - | - | - | - | - | |
| Total comprehensive income attributable to | ||||||
| -Shareholders of the Company | 3.297 | 2.428 | 6.457 | 12.614 | 15.944 | |
| -Non controlling interest | - | - | - | - | - | |
| 12. | Paid up Equity Share Capital (Face Value Rupees 10 each) | 2,633 | 2,633 | 2,633 | 2,633 | 2,633 |
| 13. | Other Equity | - | - | - | 88,112 | 78,789 |
| 14. | Earnings Per Share (Rupees) (Par value Rupees 10 each) | |||||
| Basic | 13.12 | 7.86 | 24.60 | 44.35 | 61.40 | |
| (Not annualised) | (Not annualised) | (Not annualised) | ||||
| Diluted | 13.12 | 7.86 | 24.60 | 44.35 | 61.40 | |
| (Not annualised) | (Not annualised) | (Not annualised) |
PART I : STATEMENT OF STANDALONE FINANCIAL RESULTS OF
NUCLEUS SOFTWARE EXPORTS LIMITED
FOR THE QUARTER AND YEAR ENDED 31 MARCH 2026
(Amount in Rupees Lakhs unless otherwise stated)
| For the quarter ended | For the year ended | |||||
|---|---|---|---|---|---|---|
| Particulars | 31 March 2026 | 31 December 2025 | 31 March 2025 | 31 March 2026 | 31 March 2025 | |
| Audited | Audited | Audited | Audited | Audited | ||
| 1. | REVENUE FROM OPERATIONS | |||||
| 2. | Income from software products and services | 20,680 | 20,200 | 21,291 | 80,597 | 76,866 |
| 3. | OTHER INCOME | 1,480 | 1,497 | 1,661 | 7,301 | 7,004 |
| 4. | TOTAL INCOME (1+2) | 22.160 | 21.697 | 22.952 | 87.898 | 83.870 |
| 5. | EXPENSES | |||||
| a) Employee benefits expense | 13,118 | 12,712 | 10,677 | 51,541 | 47,235 | |
| b) Operating and other expenses | 4,234 | 4,610 | 3,452 | 17,550 | 13,618 | |
| c) Finance cost | 28 | 42 | 12 | 112 | 55 | |
| d) Depreciation, amortisation and impairment expenses | 467 | 407 | 316 | 1,547 | 1,384 | |
| TOTAL EXPENSES | 17.847 | 17.771 | 14.457 | 70.750 | 62.292 | |
| 5. | PROFIT BEFORE EXCEPTIONAL ITEMS AND TAX (3-4) | 4,313 | 3,926 | 8,495 | 17,148 | 21,578 |
| 6. | EXCEPTIONAL ITEMS | |||||
| Impact of New Labour Codes (refer note 3 below) | 310 | 1,885 | - | 2,195 | - | |
| 7. | PROFIT BEFORE TAX (5-6) | 4,003 | 2,041 | 8,495 | 14,953 | 21,578 |
| 8. | TAX EXPENSE | |||||
| Net current tax expense | 1,111 | 484 | 1,959 | 3,435 | 4,552 | |
| Deferred tax (credit) /charge | (453) | (185) | 216 | (313) | 650 | |
| NET TAX EXPENSE | 658 | 299 | 2.175 | 3.122 | 5.402 | |
| 9. | PROFIT FOR THE PERIOD/YEAR (7-8) | 3.345 | 1.742 | 6.320 | 11.831 | 16.176 |
| 10. | OTHER COMPREHENSIVE INCOME / (LOSS) | |||||
| A) | (i) Items that will not be reclassified to profit or loss | |||||
| Remeasurement of the net defined liability/asset | 213 | 57 | 54 | 374 | (438) | |
| Equity instruments through other comprehensive income - net change in fair value | (72) | 193 | 18 | 467 | (193) | |
| (ii) Tax (expense) / income relating to Items that will not be reclassified to profit or loss | (43) | (89) | (15) | (161) | 148 | |
| B) | (i) Items that will be reclassified subsequently to profit or loss | |||||
| Effective portion of gains and loss on hedging instruments in a cash flow hedge | (69) | 3 | 59 | (114) | 2 | |
| (ii) Tax (expense) / income relating to items that will be reclassified subsequently to profit or loss | 14 | (1) | (18) | 27 | (2) | |
| TOTAL OTHER COMPREHENSIVE INCOME / (LOSS), NET OF TAX | 43 | 163 | 98 | 593 | (483) | |
| 11. | TOTAL COMPREHENSIVE INCOME FOR THE PERIOD/YEAR (9+10) | 3,388 | 1,905 | 6,418 | 12,424 | 15,693 |
| 12. | Paid up Equity Share Capital (Face Value Rupees 10 each) | 2,633 | 2,633 | 2,633 | 2,633 | 2,633 |
| 13. | Other Equity | - | - | - | 84,833 | 75,700 |
| 14. | Earnings Per Share (Rupees) (Par value Rupees 10 each) | |||||
| Basic | 12.71 | 6.62 | 24.01 | 44.94 | 60.93 | |
| (Not annualised) | (Not annualised) | (Not annualised) | ||||
| Diluted | 12.71 | 6.62 | 24.01 | 44.94 | 60.93 | |
| (Not annualised) | (Not annualised) | (Not annualised) |
NUCLEUS SOFTWARE EXPORTS LIMITED
PART II: SEGMENT REPORTING (CONSOLIDATED)
| For the quarter ended | For the year ended | |||||
|---|---|---|---|---|---|---|
| Particulars | 31 March 2026 | 31 December 2025 | 31 March 2025 | 31 March 2026 | 31 March 2025 | |
| Unaudited | Unaudited | Unaudited | Audited | Audited | ||
| a) | Revenue by geographical segment | |||||
| India | 13,046 | 13,109 | 13,596 | 51,081 | 48,000 | |
| Far East | 840 | 815 | 812 | 3,131 | 2,907 | |
| South East Asia | 2,403 | 2,574 | 2,572 | 10,095 | 9,904 | |
| Europe | 1,000 | 928 | 1,071 | 3,985 | 4,941 | |
| Middle East | 2,828 | 2,224 | 2,500 | 10,023 | 9,147 | |
| Africa | 233 | 251 | 281 | 943 | 823 | |
| Australia | 419 | 573 | 743 | 1,949 | 2,441 | |
| Others | 1,708 | 1,529 | 1,321 | 6,396 | 5,062 | |
| Total | 22,477 | 22,003 | 22,896 | 87,603 | 83,225 | |
| Less: - Inter segment revenue | ||||||
| Net revenue from operations | 22,477 | 22,003 | 22,896 | 87,603 | 83,225 | |
| b) | Segment profit / (loss) before tax | |||||
| India | 6,676 | 6,733 | 9,264 | 27,650 | 29,234 | |
| Far East | 122 | 156 | 250 | 538 | 465 | |
| South East Asia | (729) | (641) | 37 | (2,626) | (1,440) | |
| Europe | 386 | 339 | 418 | 1,571 | 1,751 | |
| Middle East | 769 | 349 | 575 | 1,360 | 767 | |
| Africa | 112 | 56 | 189 | 277 | 611 | |
| Australia | 106 | 201 | 424 | 534 | 903 | |
| Others | 724 | 759 | 542 | 2,670 | 1,980 | |
| Total | 8,166 | 7,952 | 11,699 | 31,974 | 34,271 | |
| Add: - Other income | 1,492 | 1,512 | 1,662 | 6,416 | 6,626 | |
| Less: - Unallocable corporate expenditure* | 5,507 | 6,998 | 4,607 | 23,402 | 18,992 | |
| Profit before tax | 4,151 | 2,466 | 8,754 | 14,988 | 21,905 | |
| c) | Segment assets | |||||
| India | 8,759 | 10,754 | 7,789 | 8,759 | 7,789 | |
| Far East | 498 | 436 | 542 | 498 | 542 | |
| South East Asia | 2,752 | 2,536 | 3,515 | 2,752 | 3,515 | |
| Europe | 647 | 588 | 355 | 647 | 355 | |
| Middle East | 2,862 | 1,470 | 2,183 | 2,862 | 2,183 | |
| Africa | 175 | 288 | 378 | 175 | 378 | |
| Australia | 50 | 178 | 980 | 50 | 980 | |
| Others | 1,171 | 293 | 2,209 | 1,171 | 2,209 | |
| Total | 16,914 | 16,543 | 17,951 | 16,914 | 17,951 | |
| Add: - Unallocated corporate assets | 109,699 | 109,074 | 97,344 | 109,699 | 97,344 | |
| Total assets | 126,613 | 125,617 | 115,295 | 126,613 | 115,295 | |
| d) | Segment liabilities | |||||
| India | 13,320 | 17,737 | 14,193 | 13,320 | 14,193 | |
| Far East | 382 | 315 | 350 | 382 | 350 | |
| South East Asia | 5,759 | 5,097 | 4,305 | 5,759 | 4,305 | |
| Europe | 170 | 319 | 373 | 170 | 373 | |
| Middle East | 4,419 | 3,314 | 4,796 | 4,419 | 4,796 | |
| Africa | 321 | 414 | 295 | 321 | 295 | |
| Australia | 507 | 847 | 1,418 | 507 | 1,418 | |
| Others | 2,233 | 1,099 | 1,770 | 2,233 | 1,770 | |
| Total | 27,111 | 29,142 | 27,500 | 27,111 | 27,500 | |
| Add: - Unallocated corporate liabilities | 8,757 | 9,379 | 6,373 | 8,757 | 6,373 | |
| Total liabilities | 35,868 | 38,521 | 33,873 | 35,868 | 33,873 |
- Unallocable corporate expenses and unallocable corporate liabilities includes Rs.2,195 Lakhs towards impact of New Labour Codes for the year ended 31 March 2026.
(refer note 3 below)
NUCLEUS SOFTWARE EXPORTS LIMITED
PART II: SEGMENT REPORTING (STANDALONE)
- Unallocable corporate expenses and unallocable corporate liabilities includes Rs.2,195 Lakhs towards impact of New Labour Codes for the year ended 31 March 2026. (refer note 3 below)
PART III : STATEMENT OF BALANCE SHEET
| Particulars | CONSOLIDATED | STANDALONE | |||
|---|---|---|---|---|---|
| As at | As at | As at | As at | ||
| 31 March 2026 | 31 March 2025 | 31 March 2026 | 31 March 2025 | ||
| ASSETS | Audited | Audited | Audited | Audited | |
| Non-current assets | |||||
| Property, plant and equipment | 6,058 | 4,033 | 6,032 | 4,009 | |
| Capital work in progress | 6 | 22 | 6 | 22 | |
| Other intangible assets | 293 | 130 | 286 | 122 | |
| Intangible assets under development | 2 | 3 | 2 | 3 | |
| Right of use assets | 1,315 | 670 | 1,249 | 661 | |
| Investment Property | 1,241 | 1,271 | - | - | |
| Financial assets | |||||
| Investments | 35,275 | 40,362 | 37,260 | 42,347 | |
| Loans | 1 | 8 | 1 | 8 | |
| Other financial assets | 22,284 | 12,555 | 22,231 | 12,503 | |
| Income tax asset (net) | 1,158 | 875 | 1,155 | 875 | |
| Other non-current assets | 57 | 930 | 58 | 930 | |
| Total non-current assets | 67,690 | 60,859 | 68,280 | 61,480 | |
| Current Assets | |||||
| Financial assets | |||||
| Investments | 29,103 | 23,706 | 28,604 | 23,217 | |
| Trade receivables | 12,112 | 13,741 | 11,322 | 12,899 | |
| Cash and cash equivalents | 8,001 | 5,046 | 5,174 | 1,885 | |
| Other bank balances | 4,310 | 7,221 | 4,310 | 7,221 | |
| Loans | 8 | 34 | 88 | 74 | |
| Other financial assets | 246 | 196 | 100 | 149 | |
| Other current assets | 5,143 | 4,492 | 4,392 | 4,120 | |
| Total current Assets | 58,923 | 54,436 | 53,990 | 49,565 | |
| TOTAL ASSETS | 126,613 | 115,295 | 122,270 | 111,045 | |
| EQUITY & LIABILITIES | |||||
| EQUITY | |||||
| Equity share capital | 2.633 | 2.633 | 2.633 | 2.633 | |
| Other equity | 88.112 | 78.789 | 84.833 | 75.700 | |
| Total equity attributable to equity holders of the company | 90,745 | 81,422 | 87,466 | 78,333 | |
| Non-controlling interest | - | - | - | - | |
| Total Equity | 90,745 | 81,422 | 87,466 | 78,333 | |
| LIABILITIES | |||||
| Non-current liabilities | |||||
| Financial liabilities | |||||
| Lease liabilities | 491 | 88 | 478 | 88 | |
| Other financial liabilities | 30 | - | - | - | |
| Other non-current liabilities | 12 | - | - | - | |
| Provisions | 5,836 | 4,031 | 5,574 | 3,881 | |
| Deferred tax liabilities (net) | 1.275 | 1.499 | 1.368 | 1.551 | |
| Total non-current liabilities | 7.644 | 5.618 | 7.420 | 5.520 | |
| Current liabilities | |||||
| Financial liabilities | |||||
| Lease liabilities | 364 | 112 | 312 | 103 | |
| Trade payables | 1,821 | 1,290 | 2,299 | 1,490 | |
| Other financial liabilities | 7,466 | 5,212 | 6,735 | 4,670 | |
| Provisions | 718 | 556 | 554 | 423 | |
| Current tax liabilities (net) | 113 | 925 | - | 680 | |
| Other current liabilities | 17,742 | 20,160 | 17,484 | 19,826 | |
| Total current liabilities | 28,224 | 28,255 | 27,384 | 27,192 | |
| TOTAL EQUITY AND LIABILITIES | 126,613 | 115,295 | 122,270 | 111,045 |
PART IV : STATEMENT OF CASH FLOWS (CONSOLIDATED)
| Particulars | For the year ended | For the year ended | |
|---|---|---|---|
| 31 March 2026 | 31 March 2025 | ||
| A. Cash flow from operating activities | Audited | Audited | |
| Net profit before tax | 14,988 | 21,905 | |
| Adjustment for: | |||
| Depreciation, amortisation and impairment expenses | 1,649 | 1,481 | |
| Exchange (gain) / loss on translation of foreign currency accounts (net) | (410) | 30 | |
| Dividend received from non-current investment | - | (44) | |
| Interest income on financial assets- carried at amortised cost | (2,936) | (2,514) | |
| MTM (gain) on investments | (2,713) | (3,800) | |
| Net (gain) / loss on sale of investments | - | (122) | |
| (Profit) / Loss on sale of property, plant and equipment (net) | (31) | - | |
| Unwinding of interest on security deposit | 2 | - | |
| Interest expense on lease liability | 64 | 32 | |
| Interest others | 13 | - | |
| Bad debts and allowance / provision for doubtful trade receivables / advances / other current assets | 5 | (160) | |
| Withholding tax charged off | 497 | 467 | |
| Discounting of staff loan and security deposit | (16) | (25) | |
| Operating profit before working capital changes | 11,112 | 17,250 | |
| Adjustment for (increase) / decrease in operating assets | |||
| Trade receivables | 1,818 | 3,331 | |
| Loans | 33 | 42 | |
| Other assets | (1,007) | (12) | |
| Adjustment for increase / (decrease) in operating liabilities | |||
| Trade payables | 550 | (356) | |
| Provisions and other liabilities | 2,633 | (1,222) | |
| Income taxes paid (net) | 15,139 | 19,033 | |
| (3,393) | (3,939) | ||
| Net cash from operating activities (A) | 11,746 | 15,094 | |
| B. Cash flow from investing activities | |||
| Acquisition of property, plant and equipment and intangible assets under development | (2,837) | (1,522) | |
| Proceeds from sale of property, plant and equipment | 17 | - | |
| Cash outflow on acquisition of subsidiarv | |||
| Net (purchase)/sale of mutual funds, tax free bonds and preference shares | 3,564 | 5,675 | |
| Bank deposits, FDR's (net) and other bank balances not considered as cash and cash equivalents | (6,255) | (6,523) | |
| Interest received on fixed deposits, tax free bonds | 248 | 248 | |
| Dividend received from investments | - | 44 | |
| Net cash (used in) investing activities (B) | (5,263) | (2,078) | |
| C. Cash flow from financing activities | |||
| Principal repayment of lease liabilities | (295) | (280) | |
| Interest paid on lease liabilities | (64) | (32) | |
| Buyback of equity shares including tax thereon | - | (8,921) | |
| Interim dividend / Final dividend paid | (3,291) | (3,347) | |
| Net cash (used in) financing activities (C) | (3,650) | (12,580) | |
| Net increase/ (decrease) in cash and cash equivalents (A+B+C) | 2,833 | 436 | |
| Opening cash and cash equivalents | 5,046 | 4,580 | |
| Exchange difference on translation of foreign currency bank accounts | 122 | 30 | |
| Closing cash and cash equivalents | 8,001 | 5,046 |
NUCLEUS SOFTWARE EXPORTS LIMITED
PART IV : STATEMENT OF CASH FLOWS (STANDALONE)
| Particulars | For the year ended | ||
|---|---|---|---|
| 31 March 2026 | 31 March 2025 | ||
| A. Cash flow from operating activities | Audited | Audited | |
| Net profit before tax | 14,953 | 21,578 | |
| Adjustment for: | |||
| Depreciation, amortisation and impairment expenses | 1,547 | 1,384 | |
| Unrealised exchange (gain) / loss on translation of foreign currency accounts (net) | (442) | 36 | |
| Dividend received from non-current investment | - | (44) | |
| Dividend received from subsidiary companies | (903) | (396) | |
| Interest income on financial assets- carried at amortised cost | (2,934) | (2,516) | |
| Discounting of staff loan and security deposit | (12) | (21) | |
| MTM (gain) on investments | (2,684) | (3,765) | |
| Net (gain) / loss on sale of investments | - | (122) | |
| (Profit) / Loss on sale of property, plant and equipment (net) | (31) | - | |
| Interest expense on lease liability | 58 | 28 | |
| Bad debts and allowance / provision for doubtful trade receivables / advances / other current assets | (105) | (200) | |
| Provision for diminishing in value of investment | 30 | - | |
| Withholding tax charged off | 376 | 329 | |
| Operating profit before working capital changes | 9,853 | 16,291 | |
| Adjustment for (increase) / decrease in operating assets | |||
| Trade receivables | 1,414 | 3,179 | |
| Loans | 103 | 43 | |
| Other assets | (158) | (532) | |
| Adjustment for increase / (decrease) in operating liabilities | |||
| Trade payables | 816 | (342) | |
| Provisions and other liabilities | 2,097 | (963) | |
| Income taxes paid (net) | 14,125 | 17,676 | |
| (3,965) | (3,808) | ||
| Net cash from operating activities (A) | 10,160 | 13,868 | |
| B. Cash flow from investing activities | |||
| Acquisition of property, plant and equipment and intangible assets under development | (2,819) | (1,506) | |
| Proceeds from sale of property, plant and equipment | 39 | - | |
| Net (purchase)/sale of mutual funds, tax free bonds and preference shares | 4,447 | 6,020 | |
| Bank deposits, FDR's (net) and other bank balances not considered as cash and cash equivalents | (6,258) | (6,523) | |
| Interest received on fixed deposits, tax free bonds | 248 | 248 | |
| Dividend received from investments | - | 44 | |
| Dividend from subsidiary company | 903 | 396 | |
| Net cash (used in) investing activities (B) | (3,440) | (1,321) | |
| C. Cash flow from financing activities | |||
| Principal repayment of lease liabilities | (244) | (228) | |
| Interest paid on lease liabilities | (58) | (28) | |
| Buyback of equity shares including tax thereon | - | (8,921) | |
| Interim dividend / Final dividend paid | (3,291) | (3,347) | |
| Net cash used in financing activities (C) | (3,593) | (12,524) | |
| Net increase/ (decrease) in cash and cash equivalents (A+B+C) | 3,127 | 23 | |
| Opening cash and cash equivalents | 1,885 | 1,829 | |
| Exchange difference on translation of foreign currency bank accounts | 162 | 33 | |
| Closing cash and cash equivalents | 5,174 | 1,885 |
NOTES:
-
The consolidated and the standalone financial results for the quarter and year ended 31 March 2026 were reviewed by the Audit Committee and have been approved and taken on record by the Board of Directors at its meeting held on 21 May 2026. The statutory auditors have issued unmodified audit report on these results.
-
Financial results for the all the periods presented have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (as amended from time to time) prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable.
The figures of last quarter ending 31 March 2026 are the balancing figures between audited figures in respect of the full financial year and the published year-to-date figures up to the third quarter ending 31 December 2025.
- On November 21, 2025, the Government of India notified provisions of the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020, ('Labour Codes') which consolidate twenty-nine existing labour laws into a unified framework governing employee benefits during employment and post-employment. The Labour Codes, amongst other things introduces changes, including a uniform definition of wages and enhanced benefits relating to leave.
The Company has assessed the financial implications of these changes which has resulted in increase in gratuity liability arising out of past service cost by Rs. 1,590 Lakhs and increase in compensated absences liability by Rs. 605 Lakhs. Considering the impact arising out of an enactment of the new legislation is an event of non-recurring nature, the Company has presented this incremental amount as "Impact of New Labour Codes" under "Exceptional Item" in the Consolidated and Standalone Statement of Profit and Loss for the year ended March 31, 2026.
The Company continues to monitor the developments pertaining to Labour Codes and will evaluate impact if any on the measurement of liability pertaining to employee benefits.
- The Board of Directors on 21 May 2026 have recommended a payment of Final Dividend of Rs.12.50 per share (on equity share of par value of Rs.10 each) for the year ended 31 March 2026. The payment is subject to approval of shareholders at the ensuing AGM.
The Board of Directors on 16 May 2025 had recommended a payment of Final Dividend of Rs.12.50 per share (on equity share of par value of Rs.10 each) for the year ended 31 March 2025. The payment was approved by shareholders at the annual general meeting held on 28 July 2025. This dividend was paid on 31 July 2025.
-
The Company in its Board meeting on 22 August 2024 has approved the buyback of 4,48,018 Equity Shares (maximum buy back shares) comprising of 1.67% of the total paid up equity capital of the Company at a price of Rs. 1,615/- per Equity Share ("Maximum Buyback Price") payable in cash for an aggregate amount not exceeding Rs. 72.35 Crore ("Maximum Buyback Offer Size"), excluding transaction costs and taxes. The Settlement of Buyback was done on 23 September 2024 and 4,48,018 Equity Shares bought back were extinguished on 30 September 2024.
-
Nucleus Software Exports Limited has incorporated a wholly-owned subsidiary, Nucleus Software Vietnam Company Limited, in the Socialist Republic of Vietnam. As at 31 March 2026, the Company has not yet infused the committed share capital of USD 1,00,000 in Nucleus Software Vietnam Company Limited. This share capital was infused on 6th May 2026 within the stipulated regulatory timeline.
-
Property, plant and equipment and intangible assets used in the Group's business cannot be specifically identified with any of the reportable segments, as these are used interchangeably between various segments.
By the order of the Board
For Nucleus Software Exports Limited
Vishnu Rampratap
Dusad
Digitally signed by Vishnu Rampratap Dusad
Date: 2026.03.21 14:43:21 +02'30'
VISHNU R DUSAD
Managing Director
Place : Noida
Date: 21 May 2026