Seshachal Technologies Limited is a Hyderabad-based technology entity currently undergoing a comprehensive corporate transformation. The company is transitioning from a period of regulatory restructuring toward a growth-oriented model focused on expanding its distribution footprint in India and emerging economies. --- ### **Corporate Identity & Strategic Rebranding** The company is executing a fundamental shift in its corporate identity to align with its future operational trajectory. * **Name Change:** Shareholders approved the transition from **Seshachal Technologies Limited** to **Antriksh Service Technologies Limited** on **June 13, 2025**. * **Market Re-entry:** Following a court-approved **Reduction and Consolidation of Share Capital**, the company successfully resumed trading on the **BSE Limited** in **November 2025**. * **Strategic Pillars:** Management has defined a three-pronged growth framework: * **Market Expansion:** Targeting sustainable growth through **new product launches** and a strengthened **distribution network**. * **Profitability Optimization:** Focusing on **stable cash flow generation** in mature markets where consumer trends (urbanization and rising disposable income) are favorable. * **Human Capital Development:** Implementing specialized training modules for its **212 employees** to maximize operational efficiency. --- ### **Capital Structure & Financial Augmentation** The company has initiated significant capital-raising activities to fund its expansion and stabilize its balance sheet. #### **Preferential Allotment of Convertible Warrants** In **April 2026**, a resolution was passed to issue warrants to the **Non-Promoter, Public Category** to augment financial resources. | Feature | Details | | :--- | :--- | | **Instrument** | Fully Convertible Warrants | | **Total Number** | Up to **1,13,63,637** | | **Issue Price** | **Rs. 22/-** (Fair value: **Rs. 20/-**) | | **Aggregate Value** | Up to **Rs. 25,00,00,014** | | **Conversion Period** | Within **18 months** into Equity Shares (Face Value **Rs. 10/-**) | #### **Current Share Capital Status (as of March 31, 2025)** * **Authorized Share Capital:** **Rs. 15,00,00,000** (1.5 Crore Equity Shares of **Rs. 10** each). * **Paid-up Share Capital:** **Rs. 69,43,600** (6,94,360 Equity Shares of **Rs. 10** each). * **Capital Reduction:** The company reduced its paid-up capital from **Rs. 6,94,36,000** to **Rs. 69,43,600**. Rectification of these records with the **National Securities Depository Limited (NSDL)** is currently in progress. --- ### **Operational Model & Segment Reporting** The company maintains a lean, centralized operational structure designed for cost-efficiency. * **Single Reportable Segment:** Under **Ind AS 108**, the company operates in a **single reportable segment**. There are no separate geographic or business unit divisions. * **Asset Management:** The company **does not own any immovable property**. It utilizes a phased physical verification program for its Property, Plant, and Equipment (PPE) on a **three-year cycle**. * **Subsidiary Status:** As of **March 31, 2024**, the company has **no subsidiaries, joint ventures, or associate companies**. --- ### **Financial Performance Summary** While the company has seen a contraction in top-line revenue, it has remained consistently profitable at the bottom line. | Metric (INR) | FY 2024-25 | FY 2023-24 | FY 2022-23 | | :--- | :--- | :--- | :--- | | **Total Revenue** | **6,74,02,031** | **77,33,25,475** | *Not Disclosed* | | **Profit After Tax (PAT)** | **19,00,167** | **32,87,464** | **29,81,785** | | **Earnings Per Share (EPS)** | *Not Disclosed* | **4.73** | **4.29** | * **Operational Efficiency:** Management is currently implementing **quality up-gradation** and **cost reduction plans** to improve margins. * **Asset Realization:** Trade receivables and short-term loans are subject to reconciliation; however, management expects full realization in the ordinary course of business. * **MSME Compliance:** There are **no reported delays** in payments to Micro and Small enterprises under the **MSMED Act, 2006**. --- ### **Leadership & Governance Framework** The board was restructured in **2024-2025** to provide stable oversight during the company's transition. | Name | Designation | Key Responsibility | | :--- | :--- | :--- | | **Mr. Prabhaker Reddy Aedla** | **Managing Director & CFO** | Executive Leadership (Appointed **March 2024**) | | **Mr. Umasankar M.P. Rao** | **Independent Director** | Chairperson of the **Audit Committee** | | **Ms. Meenu Jain** | **Independent Director** | Governance & Oversight | | **Ms. Deepika Devjibhai Patel** | **Company Secretary** | Compliance Officer (Appointed **April 2024**) | * **Audit Oversight:** The Audit Committee comprises three members and is chaired by an Independent Director to ensure rigorous financial reporting. * **External Auditors:** * **Statutory:** M/s Sharad Chandra Toshniwal & Co. (Term: **2022-23 to 2027-28**). * **Internal:** V. Singhi & Associates. * **Secretarial:** M/s. Piyush Gandhi & Associates. --- ### **Risk Profile & Mitigation Strategies** The company operates in a volatile environment and has identified several key risk vectors: * **Market Volatility:** Exposure to **cyclical demand** and fluctuations in **finished goods prices** and **feedstock costs**. * **Liquidity Risk:** Equity shares are classified as **infrequently traded** under SEBI regulations, which may impact valuation and exit timing for investors. * **Regulatory Compliance:** * The company has noted historical non-compliance with **Regulation 47 of SEBI (LODR), 2015** regarding newspaper advertisements. * Issues regarding **Managerial Remuneration** exceeding limits under **Section 197 of the Companies Act, 2013** are being addressed for member approval. * **Legal Standing:** There are **no significant or material orders** from regulators or courts that threaten the company’s status as a **going concern**. * **Economic Sensitivity:** Management actively monitors changes in **Government tax regimes** and global economic developments that could impact product demand.