STSuyog Telematics537259Quarterly results

Q2 FY27 results approved, new independent director, committee re-constitution and new logo

Board approved unaudited Q2/H1 FY27 results (standalone & consolidated) with limited review report.

By ScoutQuest · Tue 3 Nov 2026, 7:09 PM IST · 2 min read

Results period

quarter and half year ended September 30, 2026

Independent director term

3 (three) consecutive years with effect from December 01, 2026

Subsidiary ownership

Lotus Tele Infra Private Limited, in which the company holds 95%

Financial results approved

• The Board considered and approved the un-audited financial results (standalone and consolidated) for the quarter and half year ended September 30, 2026, together with the Limited Review Report issued by the statutory auditors.
• The consolidated results include the results of subsidiary Lotus Tele Infra Private Limited, in which the company holds 95%.

Board change

• Mr. Pankaj Mehta (DIN: 10691620) has been approved as an Additional Director in the capacity of a Non-Executive Independent Director, for a term of 3 (three) consecutive years with effect from December 01, 2026.
• The appointment is subject to the approval of the shareholders.

Committee re-constitution (effective November 03, 2026)

• Audit Committee: Chairman Mr. Udaya Shankar Panda; members Ms. Subhashita Lature and Ms. Aarati Savur.
• Nomination and Remuneration Committee: Chairman Ms. Aarati Savur; members Mrs. Suchitra Lature and Mr. Udaya Shankar Panda.
• Stakeholder Relationship Committee: Chairman Ms. Aarati Savur; members Mrs. Suchitra Lature and Mr. Shivshankar Lature.
• Corporate Social Responsibility Committee: Chairman Ms. Aarati Savur; members Mrs. Suchitra Lature and Mr. Shivshankar Lature.

New logo

• The Board considered and adopted a new logo as part of a strategic rebranding and corporate identity initiative.
• The company confirms there is no change in the nature of business or services provided except the logo, and it proposes to apply for registration of the new logo under the Trademarks Act, 1999.
• The new logo will be adopted in a phased manner; during the transition both the existing and the new logo will be used concurrently.

What the auditors drew attention to

• The internal control design needs strengthening to match the growing size of the business, and enhancements will be required to address deficiencies identified in the internal control system.
• Balances in loans and advances, other advances, other current assets, trade receivables, trade payables and advances to suppliers and vendors are subject to confirmation / reconciliation and subsequent adjustment.
• Accrued/provisional income has been recognised under Revenue from Operations for IP lease rental and fibre business with various operators, including a major government customer, for financial year 2026-27 and the previous year. This is based on management's estimation of the amount receivable, with final tax invoices yet to be raised and certain defined procedures pending completion.
• Loans were granted to certain related parties during the period ended September 30, 2026. Management has represented that these are on an arm's length basis, while an independent Arm's Length Price (ALP) report/certification from an external expert has not been obtained and made available to the auditors.
• A voluntary change in accounting policy effective April 1, 2026 moved electricity and diesel reimbursement charges from a net presentation to a gross basis, with comparatives retrospectively restated. The change is purely a reclassification with no impact on previously reported Profit Before Tax, Profit After Tax, Net Worth or Earnings Per Share.
• The auditors state that their opinion is not modified in respect of these matters.

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