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Crystal Business System Ltd (540821)

📊 BSE: 540821 🏢 TV Broadcasting & Software Production 📢 Latest filing: 30 Sep 2026

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Crystal Business' revenue was ₹1.0 Cr (-39.0% year on year, -78.8% on the previous quarter), and net profit ₹-0.9 Cr (a bigger loss than a year earlier); the operating margin was -87.9%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹1.0	-39.0%	-78.8%
Operating profit	₹-0.9	loss widened	to loss
Net profit	₹-0.9	loss widened	to loss
EPS (₹)	-0.09	loss widened	to loss
Operating margin	-87.9%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Crystal Business System Shareholders Approve All 4 AGM Resolutions Including Registered Office Shift

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 30 Sep 2026, 11:29 AM

Crystal Business System Limited concluded its Annual General Meeting held on September 28, 2026, with shareholders passing all four resolutions by requisite majority. Approvals included adoption of FY26 financial statements, the reappointment of Managing Director Bal Mukund Tiwari, regularization of Non-Executive Director Ankit Kakran, and the relocation of the registered office within Delhi from Paharganj to Civil Lines. Participation was low, with only 44 public shareholders attending via video conferencing out of 50,413 total shareholders on the September 22, 2026 record date.

All 4 ordinary and special resolutions approved by requisite majority at the AGM held on September 28, 2026
Only 44 public shareholders attended the meeting via video conferencing out of 50,413 total shareholders
Promoter attendance was recorded as 0 at the virtual meeting, with e-voting participation driven by public non-institutional holders
Special resolution passed to shift the registered office within Delhi to Civil Lines (North Delhi)

💡 Monitor upcoming Q2 FY27 financial results to track whether the company's operating performance improves from Q1 FY27's net loss of ₹0.89 crore.

Crystal Business System Relocates Registered Office Within Delhi Effective August 22, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 22 Aug 2026, 12:38 PM

Crystal Business System Limited (formerly Sadhna Broadcast Limited) has informed the exchanges about a change in its registered office address effective August 22, 2026. The office has shifted from Paharganj to Civil Lines, North Delhi, remaining within the local limits of the same city and ROC jurisdiction. The Board approved the relocation pursuant to Section 12 of the Companies Act, 2013, and authorized the filing of Form INC-22. This is a standard administrative update with no financial or operational impact on the company.

Registered office shifted from Paharganj, New Delhi-110055 to Civil Lines, North Delhi-110054
Change is effective from August 22, 2026
Relocation is within the local limits of the same city and under the same Registrar of Companies (ROC)
Board approved filing of Form INC-22 under Section 12 of the Companies Act, 2013

💡 Track statutory filings such as upcoming quarterly financial results and core operational updates, as this announcement is purely administrative.

Resignation of Independent Director Ms. Sangeeta Mukherjee Effective August 14, 2026

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 14 Aug 2026, 03:33 PM

Ms. Sangeeta Mukherjee has resigned as a Non-Executive Independent Director of Crystal Business System Ltd, effective August 14, 2026. The resignation is attributed to personal and unavoidable circumstances, with the director confirming there are no other material reasons. This change occurs in a micro-cap company with a market capitalization of Rs 24 Cr and TTM revenue of Rs 8 Cr. The board has formally placed on record its appreciation for her guidance during her association with the company.

Resignation of Ms. Sangeeta Mukherjee effective from August 14, 2026
Company reported a TTM revenue of Rs 8 Cr against a market cap of Rs 24 Cr
Promoter holding remains stable at 25.46% as of March 2026
The director confirmed no other material reasons for cessation beyond personal circumstances

💡 Investors should monitor the company's upcoming filings for the appointment of a new Independent Director to ensure continued compliance with SEBI board composition regulations.

Crystal Business System reports Rs 0.89 Cr Net Loss in Q1 FY27; Revenue drops 40% YoY

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 11 Aug 2026, 06:50 PM

Crystal Business System (formerly Sadhna Broadcast) reported a weak set of results for Q1 FY27, with revenue from operations falling to Rs 1.02 Cr, a 40.6% decline from Rs 1.72 Cr in the same quarter last year. The company posted a net loss of Rs 0.89 Cr, widening from a loss of Rs 0.63 Cr in June 2025. Performance deteriorated sharply on a sequential basis, with revenue crashing 78% from the Rs 4.73 Cr reported in the March 2026 quarter. Furthermore, the statutory auditor issued a qualified opinion regarding the non-provision of ESIC contributions for eligible employees.

Revenue from operations declined 40.6% YoY to Rs 1.02 Cr from Rs 1.72 Cr.
Net loss widened to Rs 0.89 Cr for the quarter ended June 30, 2026.
Total expenses of Rs 1.96 Cr nearly doubled the total income of Rs 1.06 Cr.
Auditor flagged potential unrecorded statutory liabilities related to ESIC contributions.
Earnings Per Share (EPS) stood at negative Rs 0.09 for the quarter.

💡 Investors should monitor the company's ability to stabilize its highly volatile revenue streams and watch for any regulatory impact or penalties arising from the ESIC non-compliance flagged by auditors.

Rs 0.89 Cr Net Loss in Q1 FY27; Crystal Business System Revenue Declines 78% QoQ

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 11 Aug 2026, 06:45 PM

Crystal Business System (formerly Sadhna Broadcast) reported a weak set of results for Q1 FY27, swinging to a net loss of Rs 0.89 Cr from a profit of Rs 3.19 Cr in the previous quarter. Revenue from operations fell sharply by 78.4% QoQ to Rs 1.02 Cr, down from Rs 4.73 Cr in Q4 FY26. Total expenses for the quarter stood at Rs 1.96 Cr, significantly exceeding the total income of Rs 1.06 Cr. Furthermore, the statutory auditor has qualified the report regarding potential non-accounting of ESIC statutory liabilities for eligible employees.

Revenue from operations declined to Rs 1.02 Cr in Q1 FY27 from Rs 4.73 Cr in Q4 FY26.
Company reported a net loss of Rs 0.89 Cr for the quarter ended June 30, 2026.
Total expenses of Rs 1.96 Cr were nearly double the total income of Rs 1.06 Cr.
Basic EPS turned negative at -0.09 compared to 0.32 in the preceding quarter.
Auditor flagged non-compliance with Employees’ State Insurance Corporation (ESIC) contributions.

💡 Investors should monitor the company's ability to recover its revenue base and address the auditor's qualification regarding statutory ESIC liabilities, which could lead to future financial penalties.

Crystal Business System Appoints Ankit Kakran as Director; Arpan Gupta Resigns

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 10 Aug 2026, 04:12 PM

Crystal Business System Ltd (formerly Sadhna Broadcast Ltd) has announced a board reshuffle effective August 10, 2026. Mr. Ankit Kakran, who possesses over 12 years of experience in finance and marketing, has been appointed as an Additional Director (Non-Executive & Non-Independent). Concurrently, Mr. Arpan Gupta has resigned from his position as a Non-Executive Director citing personal reasons. This change occurs in a micro-cap company with a market capitalization of Rs 14 Cr and a TTM revenue of Rs 9 Cr.

Appointment of Mr. Ankit Kakran as Additional Director effective August 10, 2026.
Resignation of Mr. Arpan Gupta from the directorship effective August 10, 2026.
New appointee Mr. Ankit Kakran brings 12+ years of experience in finance and marketing.
The company reported a TTM revenue of Rs 9 Cr and a low OPM of 4.1%.

💡 Investors should monitor if the new director's marketing and finance background contributes to improving the company's low operating margins (4.1%) and stagnant revenue growth.

Crystal Business System Appoints Ankit Kakran as Director; Arpan Gupta Resigns

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 10 Aug 2026, 04:09 PM

Crystal Business System Ltd has announced a board reshuffle effective August 10, 2026. Mr. Ankit Kakran has been appointed as an Additional Director (Non-Executive & Non-Independent), bringing 12 years of experience in finance and marketing. Concurrently, Mr. Arpan Gupta has resigned from his directorship citing personal reasons. These changes are procedural for the micro-cap company, which has a market capitalization of Rs 14 Cr and TTM revenue of Rs 9 Cr.

Appointment of Mr. Ankit Kakran as Additional Director effective August 10, 2026
Resignation of Mr. Arpan Gupta as Director effective August 10, 2026
Mr. Ankit Kakran possesses over 12 years of experience in finance and marketing
Company reported TTM revenue of Rs 9 Cr and a low OPM of 4.1% for FY26

💡 Investors should monitor if the new director's experience in marketing and finance helps improve the company's stagnant revenue growth and low operating margins in upcoming quarters.

Resignation of Company Secretary and Compliance Officer Effective August 7, 2026

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 07 Aug 2026, 04:59 PM

Ms. Khushi Jain has resigned from her position as Company Secretary and Compliance Officer of Crystal Business System Ltd, effective August 7, 2026. The resignation is attributed to personal and unavoidable circumstances. The company, a micro-cap with a market capitalization of Rs 14 Cr, is currently in the process of identifying a replacement. This is a routine administrative change involving a mandatory compliance role.

Ms. Khushi Jain (ACS: 79892) resigned effective August 7, 2026
Resignation cited as being due to personal and unavoidable circumstances
Company is a micro-cap with TTM revenue of Rs 9 Cr and a market cap of Rs 14 Cr
The vacancy for the Compliance Officer role is currently being filled by the management

💡 Investors should monitor the company's subsequent filings for the appointment of a new Company Secretary to ensure continued regulatory compliance.

Crystal Business System to delist 10.02 crore shares from MSEI; remains listed on BSE

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 21 Jul 2026, 04:16 PM

Crystal Business System Ltd has approved the voluntary delisting of its 10,02,65,430 equity shares from the Metropolitan Stock Exchange of India (MSEI). This move is conducted under Regulation 6 of SEBI Delisting Regulations, which permits delisting without an exit offer provided the company remains listed on a nationwide exchange. The company will continue its listing on the BSE, ensuring liquidity for its shareholders. With a small market capitalization of Rs 13 Cr, this is likely a cost-saving administrative measure.

Board approved delisting of 10,02,65,430 equity shares from MSEI on July 21, 2026
No exit opportunity provided to shareholders as per Regulation 6 of SEBI Delisting Regulations
Company will maintain its listing on the BSE, a nationwide stock exchange
Paid-up value of the equity shares is Rs 1 per share

💡 No action is required from shareholders as the stock remains tradable on the BSE. Investors should monitor for the final delisting date from MSEI to ensure all trading activity is directed through BSE.

Crystal Business System to Voluntarily Delist from MSEI

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 21 Jul 2026, 01:31 PM

The Board of Directors of Crystal Business System Ltd has approved the voluntary delisting of its equity shares from the Metropolitan Stock Exchange of India (MSEI). The company will continue to maintain its listing on the BSE Limited (Scrip Code: 540821), ensuring continued liquidity for shareholders. This move is a common administrative step for micro-cap companies to reduce compliance costs and regulatory overhead. Given the company's small market capitalization of Rs 13 Cr and TTM revenue of Rs 9 Cr, consolidating listings is a cost-saving measure.

Board approved voluntary delisting from Metropolitan Stock Exchange of India Limited (MSEI) on July 21, 2026
Company will remain listed on BSE Limited under Scrip Code 540821
Board meeting concluded within 1 hour and 25 minutes (12:00 PM to 01:25 PM)
Company operates with a small market capitalization of Rs 13 Cr and TTM revenue of Rs 9 Cr

💡 No immediate action is required as the primary listing on BSE remains active. Investors should watch for the formal notification of the final delisting date from MSEI.

July 21 Board Meeting to Consider Voluntary Delisting from MSEI

🟡 NEUTRAL ⭐ 4/10

BOARD_MEETING 📅 16 Jul 2026, 12:24 PM

Crystal Business System Ltd has scheduled a board meeting for July 21, 2026, to evaluate the voluntary delisting of its equity shares from the Metropolitan Stock Exchange of India (MSEI). The company intends to maintain its listing on the BSE Limited, where it trades under scrip code 540821. This move is a common administrative procedure for small-cap companies to reduce listing fees and compliance requirements. The stock currently trades at Rs 1.9, reflecting a 26.1% decline over the past 12 months.

Board meeting scheduled for July 21, 2026, at 12:00 P.M.
Proposal involves voluntary delisting from Metropolitan Stock Exchange of India Limited (MSEI)
Company will maintain its listing on the BSE Limited (Scrip Code: 540821)

💡 Monitor the outcome of the July 21 board meeting to confirm the delisting decision; this is a routine administrative change and does not affect the primary BSE listing.

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