Integrated Filing — IndAS



General information about company

Scrip Code 544302
NSE Symbol INNOVANA
MSEI Symbol NOTLISTED
ISIN INE403Y01018
Name of company INNOVANA THINKLABS LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 20-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 14-05-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 20-05-2026   14:30:00
End date and time of board meeting 20-05-2026   19:50:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 3,260.32 13,230.74
Other income 256.62 1,326.57
Total income 3,516.94 14,557.31
2 Expenses
(a) Cost of materials consumed 505.52 1,549.64
(b) Purchases of stock-in-trade 6.68 16.44
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 18.63 180.26
(d) Employee benefit expense 673.09 2,223.82
(e) Finance costs 107.46 459.13
(f) Depreciation, depletion and amortisation expense 273.04 1,052.67
(f) Other Expenses
1 Digital Advertising Expences 1,137.44 2,706.66
2 Other Expenses 602.19 1,982.27
Total other expenses 1,739.63 4,688.93
Total expenses 3,324.05 10,170.89
3 Total profit before exceptional items and tax 192.89 4,386.42
4 Exceptional items 0.00 0.00
5 Total profit before tax 192.89 4,386.42
6 Tax expense
7 Current tax 280.37 1,260.24
8 Deferred tax (143.33) (143.24)
9 Total tax expenses 137.04 1,117.00
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 55.85 3,269.42
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 126.56 389.16
16 Total profit (loss) for period 182.41 3,658.58
17 Other comprehensive income net of taxes (11.66) (11.66)
18 Total Comprehensive Income for the period 170.75 3,646.92
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 294.35 3,814.33
Total profit or loss, attributable to non-controlling interests (111.94) (155.75)
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 286.76 3,806.74
Total comprehensive income for the period attributable to owners of parent non-controlling interests (116.01) (159.82)
21 Details of equity share capital
Paid-up equity share capital 2,066.00 2,066.00
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 0.00
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.88 17.78
Diluted earnings (loss) per share from continuing operations 0.88 17.78
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 0.88 17.78
Diluted earnings (loss) per share from continuing and discontinued operations 0.88 17.78
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) Notes to Statement of Consolidated Financial Results 1. The above Consolidated financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their respective meeting held on 20 May 2026. Further, the audit of consolidated financial results for the year ended 31 March 2026, in terms of Regulation 33 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 as amended time to time, has been carried out by the statutory auditor of the company. 2. These results have been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards (Ind AS), specified under Section 133 of the Companies Act, 2013(“the Act”) read with the Companies (Indian Accounting Standards) Rule, 2015 and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015 (as amended). 3. Earnings per share for the quarter ended 31 March 2026, 31 December 2025 and 31 March 2025 has been calculated for three months respectively and not annualized. 4. The figures for the quarter ended 31 March 2026 and 31 March 2025 are the balancing figures between the audited consolidated figures in respect of the full financial year and the published consolidated year to date figures up to the third quarter of the respective financial years. Also, the figures up to the end of the third quarter were only reviewed and not subject to audit. 5. The Digital Advertising Expenses included in the Statement, incurred by Astro Services were primarily towards customer acquisition, brand building, and business growth initiatives through digital platforms. As the Astro business is currently in a growth and expansion stage, marketing and promotional expenses are comparatively higher in relation to the present revenue levels. These expenditures are strategic in nature and have been incurred to enhance brand visibility, expand the customer base, increase market penetration, and support long-term revenue generation and scalability of the business. 6. The figures for the quarter ended 31 March 2026 and 31 December 2025 reflect higher expenses in the Gym and Fitness Segment due to the regulatory change in GST treatment of physical well-being services. As a result, the overall cost of providing these services has increased, and the Company has recognised the impact of such additional tax burden in its expenses for the period under review. The increase in cost is attributable to the non-availability of ITC under the revised GST structure and not to any operational inefficiency. 7. No investor complaints were pending as on 31 March 2026. 8. Figures relating to the previous periods have been regrouped wherever necessary to conform to the figures of the current period. 9. The above Financial Results are also available on our website www.innovanathinklabs.com & stock exchange website www.nseindia.com and www.bseindia.com. Notes to Statement of Consolidated Financial Results 1. The above Consolidated financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their respective meeting held on 20 May 2026. Further, the audit of consolidated financial results for the year ended 31 March 2026, in terms of Regulation 33 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 as amended time to time, has been carried out by the statutory auditor of the company. 2. These results have been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards (Ind AS), specified under Section 133 of the Companies Act, 2013(“the Act”) read with the Companies (Indian Accounting Standards) Rule, 2015 and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015 (as amended). 3. Earnings per share for the quarter ended 31 March 2026, 31 December 2025 and 31 March 2025 has been calculated for three months respectively and not annualized. 4. The figures for the quarter ended 31 March 2026 and 31 March 2025 are the balancing figures between the audited consolidated figures in respect of the full financial year and the published consolidated year to date figures up to the third quarter of the respective financial years. Also, the figures up to the end of the third quarter were only reviewed and not subject to audit. 5. The Digital Advertising Expenses included in the Statement, incurred by Astro Services were primarily towards customer acquisition, brand building, and business growth initiatives through digital platforms. As the Astro business is currently in a growth and expansion stage, marketing and promotional expenses are comparatively higher in relation to the present revenue levels. These expenditures are strategic in nature and have been incurred to enhance brand visibility, expand the customer base, increase market penetration, and support long-term revenue generation and scalability of the business. 6. The figures for the quarter ended 31 March 2026 and 31 December 2025 reflect higher expenses in the Gym and Fitness Segment due to the regulatory change in GST treatment of physical well-being services. As a result, the overall cost of providing these services has increased, and the Company has recognised the impact of such additional tax burden in its expenses for the period under review. The increase in cost is attributable to the non-availability of ITC under the revised GST structure and not to any operational inefficiency. 7. No investor complaints were pending as on 31 March 2026. 8. Figures relating to the previous periods have been regrouped wherever necessary to conform to the figures of the current period. 9. The above Financial Results are also available on our website www.innovanathinklabs.com & stock exchange website www.nseindia.com and www.bseindia.com. 10. Operating Segments: The Company primarily operates in Software development but its subsidiary companies operate in different segments are:1) lnnovana Techlabs Limited operates in Software development Activities; 2) lnnovana Fitness Labs Limited operates in Gym and Fitness Activities; 3) lnnovana Infrastructure Limited operates in Construction and Infrastructure Development Activities 4) Innovana Astro Services Limited engaged in online Astro services and related work 5) lnnovana Games Studio Limited Company engaged to online gaming application or online game portal 6) I Solve Software Services Limited engaged in development services for client base activities 7) Innovana Green Energy Private Limited engaged in generation of power through solar panels. The products considered for each operating segment are 1) Software Development including other auxiliary Services; 2) Gym and Fitness Activities; 3) Construction and Infrastructure Development Activities; 4) Astro Services and Games Studio; 5) Green Energy.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 2,264.64
Capital work-in-progress 539.74
Investment property
Goodwill 0.00
Other intangible assets 72.91
Intangible assets under development 1,505.74
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 8,010.11
Trade receivables, non-current
Loans, non-current 2,137.01
Other non-current financial assets
1 Other Financial Assets 7,562.31
Total of other non-current financial assets 7,562.31
Total non-current financial assets 17,709.43
Deferred tax assets (net) 339.65
Other non-current assets
1 Right-of-use Assets 4,567.95
2 Income Tax Assets (Net) 52.20
3 MAT Credit (Assets) 691.30
4 Other non-current assets 9.39
Total of other non-current assets 5,320.84
Total non-current assets 27,752.95
2 Current assets
Inventories 1,154.35
Current financial asset
Current investments 0.00
Trade receivables, current 4,375.06
Cash and cash equivalents 955.68
Bank balance other than cash and cash equivalents 171.18
Loans, current 825.50
Other current financial assets
Total of other current financial assets
Total current financial assets 6,327.42
Current tax assets (net)
Other current assets
1 Other current assets 1,266.18
Total of other current assets 1,266.18
Total current assets 8,747.95
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 36,500.90
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 2,066.00
Other equity 25,178.58
Total equity attributable to owners of parent 27,244.58
Non controlling interest 689.06
Total equity 27,933.64
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 0.00
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities
1 Lease Liabilities 4,520.06
Total of other non-current financial liabilities 4,520.06
Total non-current financial liabilities 4,520.06
Provisions, non-current 0.00
Deferred tax liabilities (net) 139.42
Deferred government grants, Non-current
Other non-current liabilities
1 Employee Benefit Obligations 226.50
Total of other non-current liabilities 226.50
Total non-current liabilities 4,885.98
Current liabilities
Current financial liabilities
Borrowings, current 751.82
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 28.81
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 1,140.17
Total Trade payable 1,168.98
Other current financial liabilities
1 Lease Liabilities 520.09
2 Other Financial Liabilities 298.49
Total of other current financial liabilities 818.58
Total current financial liabilities 2,739.38
Other current liabilities 391.99
1 Employee Benefit Obligations 91.26
2 Other current liabilities 300.73
Total of other current liabilities 391.99
Provisions, current 0.00
Current tax liabilities (Net) 549.91
Deferred government grants, Current
Total current liabilities 3,681.28
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 8,567.26
Total equity and liabilites 36,500.90
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Software Product Sales 1,773.14 8,199.33
2 Gym and Fitness 0.0072609 3,590.18
3 Construction and Infrastructure 0.0014187 0.0050809
4 Astro Services and Games Studio 1,227.05 3,857.63
5 Green Energy 0.0000011 0.0000021
Total Segment Revenue 3,868.26 16,155.44
Less: Inter segment revenue 351.32 1,598.13
Revenue from operations 3,516.94 14,557.31
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Software Product Sales 964.35 5,462.57
2 Gym and Fitness (276.51) (105.32)
3 Construction and Infrastructure 59.19 171.22
4 Astro Services and Games Studio (363.54) (402.71)
5 Green Energy (3.06) (9.34)
Total Profit before tax 380.43 5,116.42
i. Finance cost 187.54 730.00
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax 192.89 4,386.42
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Software Product Sales 0.00 0.00
2 Gym and Fitness 0.00 0.00
3 Construction and Infrastructure 0.00 0.00
4 Astro Services and Games Studio 0.00 0.00
5 Green Energy 0.00 0.00
Total Segment Asset 0.00 0.00
Un-allocable Assets 0.00 0.00
Net Segment Asset 0.00 0.00
4 Segment Liabilities
Segment Liabilities
1 Software Product Sales 0.00 0.00
2 Gym and Fitness 0.00 0.00
3 Construction and Infrastructure 0.00 0.00
4 Astro Services and Games Studio 0.00 0.00
5 Green Energy 0.00 0.00
Total Segment Liabilities 0.00 0.00
Un-allocable Liabilities 0.00 0.00
Net Segment Liabilities 0.00 0.00
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement of Post employment benefit & Obligations (11.66) (11.66)
Total Amount of items that will not be reclassified to profit and loss (11.66) (11.66)
2 Income tax relating to items that will not be reclassified to profit or loss 0.00 0.00
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss
5 Total Other comprehensive income (11.66) (11.66)



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 4,386.42
Adjustments for reconcile profit (loss)
Adjustments for finance costs 459.13
Adjustments for decrease (increase) in inventories 276.14
Adjustments for decrease (increase) in trade receivables, current (1,123.38)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 0.00
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current (373.65)
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current (36.26)
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 0.00
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 1,052.67
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 0.00
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 258.48
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains (320.48)
Adjustments for dividend income 1.09
Adjustments for interest income 649.81
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) (77.05)
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow (49.80)
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 61.35
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (523.75)
Net cash flows from (used in) operations 3,862.67
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 1,186.68
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 2,675.99
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 0.00
Purchase of property, plant and equipment 678.47
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 644.52
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 112.87
Purchase of other long-term assets 3,437.13
Cash advances and loans made to other parties 1,255.31
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 1.09
Interest received 649.81
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) investing activities (5,251.66)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 2,416.35
Proceeds from issuing other equity instruments 754.25
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 225.67
Repayments of borrowings 0.00
Payments of lease liabilities 800.30
Dividends paid 0.00
Interest paid 100.70
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities 2,495.27
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (80.40)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents (80.40)
Cash and cash equivalents cash flow statement at beginning of period 1,207.26
Cash and cash equivalents cash flow statement at end of period 1,126.86





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Goyal Darda & Company Yes 31-10-2027