Ekennis Software revenue drops 29% as board sees director exit
The nano-cap firm reported annual revenue of ₹1.58 crore for FY26, down from ₹2.25 crore, while an independent director resigned.
— 1 earlier story on Ekennis Software Service Ltd. →What's new
- Revenue fell to ₹1.58 crore from ₹2.25 crore in FY25.
- Annual net loss narrowed to ₹1.01 crore from ₹1.62 crore.
- Independent Director Urvarshi Upadhya resigned, effective June 2026.
Why this matters
Ekennis remains a high-risk entity with a shrinking revenue base and persistent losses. The departure of an independent director during a period of financial contraction adds uncertainty to the company's governance.
What we're watching
- Any updates on the search for a replacement independent director.
- Whether the company can stabilize its revenue base in FY27.
- Future disclosures regarding the company's operational strategy.
The full read
Ekennis Software Service reported a difficult fiscal year ending March 31, 2026. Total revenue fell 29% to ₹1.58 crore, down from ₹2.25 crore in the prior year.
It is struggling.
While the company managed to narrow its annual net loss to ₹1.01 crore from ₹1.62 crore, these results confirm a persistent and difficult operational trajectory that leaves the firm with little room to maneuver in a competitive market. Alongside the financial disclosure, the company announced the resignation of Independent Director Urvarshi Upadhya, effective June 2026. This board-level transition occurs as the firm continues to navigate a high-risk profile typical of a nano-cap entity. The numbers provide transparency into the company's current state, but they offer no evidence of a growth catalyst. The open question is how the company plans to reverse the revenue decline.
Questions answered
- How did the company's financial performance change in FY26?
- Revenue contracted by 29% to ₹1.58 crore, down from ₹2.25 crore in the previous year. The net loss narrowed to ₹1.01 crore compared to ₹1.62 crore in FY25.
- Who resigned from the board?
- Independent Director Ms. Urvarshi Upadhya resigned from the board, with her departure effective in June 2026.
- What is the current risk profile of Ekennis Software?
- The company maintains a high-risk profile as a nano-cap entity due to its extremely small revenue base and continued lack of profitability.
Story so far
All notes on EKENNIS →- 28 May 2026 · 10:21 PM IST Ekennis Software revenue drops 29% as board sees director exit
- today Ekennis Software revenue drops 30% as independent director resigns