Ekennis Software revenue drops 30% as independent director resigns
The nano-cap software firm reported a net loss of ₹1.01 crore for FY26, with revenue sliding to ₹1.58 crore.
— 1 earlier story on Ekennis Software Service Ltd. →What's new
- Revenue contracted by roughly 30% to ₹1.58 crore for the fiscal year ended March 31, 2026.
- The company recorded a net loss of ₹1.01 crore.
- Independent Director Ms. Urvarshi Upadhya resigned, effective June 2026.
Why this matters
Ekennis remains a loss-making entity with a shrinking top line. The departure of an independent director adds a governance layer to an already thin operational profile.
What we're watching
- Any signs of a turnaround in the current fiscal year.
- The appointment of a replacement for the outgoing independent director.
- Liquidity levels given the persistent annual losses.
The full read
Ekennis Software Service Ltd closed FY26 with a 30% revenue contraction, as sales fell to ₹1.58 crore from ₹2.25 crore in the prior year. The company remains unprofitable, reporting a net loss of ₹1.01 crore. Alongside the financial results, the board confirmed the resignation of Independent Director Ms. Urvarshi Upadhya, effective June 2026. With a market capitalization of just ₹21.00 crore, the company continues to face a challenging operational environment. These results offer no new growth catalysts and reflect a continuation of the firm's existing financial trajectory.
Questions answered
- What were the key financial figures for Ekennis in FY26?
- The company reported revenue of ₹1.58 crore, down from ₹2.25 crore the previous year. It also posted a net loss of ₹1.01 crore.
- Who resigned from the board?
- Independent Director Ms. Urvarshi Upadhya resigned from the board, with the departure effective as of June 2026.
- What is the current market scale of Ekennis?
- Ekennis is a nano-cap company with a market capitalization of ₹21.00 crore.
Story so far
All notes on EKENNIS →- 28 May 2026 · 11:14 PM IST Ekennis Software revenue drops 30% as independent director resigns
- today Ekennis Software revenue drops 29% as board sees director exit