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Ajcon Global Services Ltd (511692)

📊 BSE: 511692 🏢 Other Financial Services 📢 Latest filing: 07 Oct 2026

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Ajcon Global's revenue was ₹3.0 Cr (+14.0% year on year, -85.0% on the previous quarter), and net profit ₹0.2 Cr (+12.7% year on year); the operating margin was 18.7%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹3.0	+14.0%	-85.0%
Operating profit	₹0.6	+20.8%	from loss
Net profit	₹0.2	+12.7%	from loss
EPS (₹)	0.04	+33.3%	from loss
Operating margin	18.7%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Ajcon Global Submits Reg 74(5) Demat Compliance Certificate for Q2 FY27

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 07 Oct 2026, 01:01 PM

Ajcon Global Services Ltd has submitted its compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate issued by Registrar & Transfer Agent Bigshare Services Private Limited confirms that dematerialization requests received were confirmed and certificates were mutilated and cancelled within the prescribed 15-day timeline. This is a standard quarterly regulatory filing and does not have any operational or financial impact on the company. The company currently holds a market cap of approximately Rs 32 crore with TTM revenue of Rs 37 crore.

Compliance certificate filed under Regulation 74(5) of SEBI (DP) Regulations, 2018
Covers the quarterly period ended September 30, 2026
Confirmation provided by RTA Bigshare Services Private Limited dated October 6, 2026
Verification and cancellation of dematerialized share certificates confirmed within 15 days

💡 Track the upcoming Q2 FY27 financial results to assess ongoing revenue and margin performance, as this filing is purely procedural.

Ajcon Global Q1 FY27: Consolidated Net Profit at ₹0.21 Cr, Revenue up 12% YoY

🟡 NEUTRAL ⭐ 5/10

EARNINGS 📅 12 Aug 2026, 04:28 PM

Ajcon Global Services reported a consolidated net profit of ₹21.42 Lakhs for the quarter ended June 30, 2026, representing a 15.6% increase from ₹18.53 Lakhs in the same period last year. However, consolidated revenue saw a massive sequential decline to ₹2.99 Cr from ₹19.85 Cr in the preceding March 2026 quarter, primarily due to a sharp drop in the 'Sale of Products' segment. The company's core Fees & Brokerage income remained stable at ₹1.19 Cr. Despite the YoY profit growth, the company remains a micro-cap with thin margins and highly volatile revenue streams.

Consolidated Revenue for Q1 FY27 stood at ₹2.99 Cr, a 12% increase compared to ₹2.67 Cr in Q1 FY26.
Consolidated Net Profit reached ₹21.42 Lakhs, up from ₹18.53 Lakhs in the year-ago quarter.
Revenue from 'Sale of Products' fell sharply to ₹1.23 Cr from ₹18.36 Cr in the previous quarter (March 2026).
Fees and Brokerage income contributed ₹1.19 Cr to the total revenue, slightly down from ₹1.28 Cr YoY.
Basic EPS for the quarter stood at ₹0.04, compared to ₹0.03 in the corresponding quarter of the previous year.

💡 Investors should monitor the 'Sale of Products' segment, as its extreme volatility is the primary driver of top-line fluctuations. Given the high P/E of 147x and micro-cap status, focus on whether the company can sustain its core brokerage income growth.

Ajcon Global Forfeits Rs 1.65 Cr Following Non-Payment of Warrant Dues

🟡 NEUTRAL ⭐ 6/10

BOARD_MEETING 📅 12 Aug 2026, 04:20 PM

Ajcon Global Services Ltd has forfeited 10,00,000 convertible warrants after non-promoter allottees failed to pay the remaining 75% consideration by the July 20, 2026 deadline. The company will retain the 25% upfront payment of Rs 1.65 Cr, which has been transferred to the Capital Reserve Account. This represents a missed capital infusion of Rs 4.95 Cr, which is significant given the company's small market capitalization of Rs 35 Cr. Additionally, the board approved the unaudited financial results for the quarter ended June 30, 2026.

Forfeiture of 10,00,000 convertible warrants originally allotted on January 21, 2025
Non-receipt of 75% balance consideration amounting to Rs 4.95 Cr from three non-promoter allottees
Retention of Rs 1.65 Cr (25% upfront payment) now transferred to the Capital Reserve Account
The missed fundraise of Rs 4.95 Cr represents approximately 14.1% of the current market cap
Warrant expiry occurred on July 20, 2026, after the 18-month period lapsed

💡 Investors should examine the Q1 FY27 earnings report to see if operational cash flows can compensate for the missed Rs 4.95 Cr capital infusion and monitor for any new fundraising announcements.

Ajcon Global to Meet Aug 12 for Q1 Results and Forfeiture of Convertible Warrants

🔴 NEGATIVE ⭐ 4/10

BOARD_MEETING 📅 04 Aug 2026, 01:47 PM

Ajcon Global Services has scheduled a board meeting on August 12, 2026, to approve its unaudited financial results for the quarter ended June 30, 2026. A critical agenda item is the forfeiture of convertible warrants due to the non-receipt of the remaining 75% subscription amount by the July 20, 2026, deadline. This failed capital infusion is notable for a micro-cap company with a market capitalization of only Rs 34 crore and a debt of Rs 9 crore. Investors should note the company's thin TTM net profit of Rs 0.25 crore against a high P/E of 142.5.

Board meeting scheduled for August 12, 2026, to approve Q1 FY27 results.
Forfeiture of convertible warrants due to non-payment of 75% balance amount by July 20, 2026.
Trading window remains closed from July 1, 2026, until 48 hours after result declaration.
Company reported a low operating profit margin of 3.6% for the trailing twelve months.
Market capitalization stands at Rs 34 crore with a debt-to-equity ratio of 0.37.

💡 Monitor the Q1 results on August 12 to see if the high revenue of Rs 19.8 cr reported in March 2026 was a one-off or a sustainable trend. Additionally, investigate which group (promoters or public) failed to subscribe to the warrants, as this signals a lack of confidence in the current valuation.

99.99% Approval for FY26 Financials and Director Re-appointment at Ajcon Global AGM

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 23 Jul 2026, 01:02 PM

Ajcon Global Services Limited has released the scrutinizer report for its 39th Annual General Meeting held on July 21, 2026. Shareholders overwhelmingly approved the adoption of the Audited Financial Statements for FY26 and the re-appointment of Mr. Ankit Ajmera as a Director. Both resolutions passed with 99.9997% of the 43,393,188 valid votes cast in favor. The voting process saw minimal dissent, with only 140 votes recorded against the proposals.

99.9997% of total votes (43,393,048) were cast in favor of adopting the FY26 Audited Financial Statements.
A total of 43,393,188 valid votes were recorded for the re-appointment of Director Mr. Ankit Ajmera.
Only 140 votes (0.0003%) dissented across both ordinary resolutions presented at the AGM.
The remote e-voting period was conducted from July 17, 2026, to July 20, 2026, with a cut-off date of July 14, 2026.

💡 As this is a routine procedural filing, investors should focus on the company's upcoming quarterly performance to see if the 3.6% operating margin improves.

₹1.65 Cr Forfeited as 10 Lakh Convertible Warrants Lapse for Ajcon Global Services

🟡 NEUTRAL ⭐ 4/10

FUNDRAISE 📅 21 Jul 2026, 04:12 PM

Ajcon Global Services has announced the forfeiture of ₹1.65 crore following the lapse of 1,000,000 convertible warrants. These warrants were originally issued in January 2025 to non-promoters at an issue price of ₹66 per warrant. The subscribers failed to pay the remaining 75% balance (₹4.95 crore) by the July 20, 2026 deadline. As a result, the company will retain the 25% upfront payment, and no new equity shares will be issued, preventing potential dilution.

1,000,000 convertible warrants have lapsed and been cancelled as of July 21, 2026
₹1.65 crore upfront subscription amount (25% of issue price) has been forfeited by the company
Warrants were issued at ₹66 per share, which is significantly higher than the current market price of ₹5.8
The forfeited amount of ₹1.65 crore represents approximately 6.6% of the company's ₹25 crore net worth
No change in the paid-up share capital will occur as no warrants were exercised

💡 Investors should monitor the next quarterly financial statement to see the ₹1.65 crore forfeiture reflected in the reserves/other income and observe if the company announces alternative capital-raising plans.

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