Aaa Technologies Limited (AAATECH)
₹113.01 -0.68% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Aaa Technologies' revenue was ₹3.8 Cr (-11.4% year on year, +11.2% on the previous quarter), and net profit ₹0.9 Cr (+6.3% year on year); the operating margin was 18.9%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹3.8 | -11.4% | +11.2% |
| Operating profit | ₹0.7 | -6.8% | from loss |
| Net profit | ₹0.9 | +6.3% | from loss |
| EPS (₹) | 0.68 | +6.3% | from loss |
| Operating margin | 18.9% | — | — |
AAATECH delivery percentage and bulk deals
NSE end-of-day data for
On Fri, 16 Oct 2026, 28.21% of the AAATECH shares traded on NSE were taken to delivery, against the stock's own 20-session average of 47.62%. That is close to its usual level. 11 bulk or block deals were reported in AAATECH in the last 60 days: ₹2 Cr bought and ₹18 Cr sold.
Delivery in the last 5 sessions: 25.0% · 25.2% · 23.5% · 19.0% · 28.2%
| Date | Side | Counterparty | Value | Price | Quantity | Type |
|---|---|---|---|---|---|---|
| 16 Oct | Sell | M7 Global Fund Pcc - Cell Dewcap Fund | ₹0.74 Cr | ₹113.66 | 65,000 | Bulk |
| 9 Oct | Sell | Mgo High Conviction Fund Incorporated Vcc Sub-Fund | ₹3.26 Cr | ₹108.06 | 302,000 | Bulk |
| 8 Oct | Sell | Nautilus Private Capital Ltd | ₹1.71 Cr | ₹103.44 | 165,420 | Bulk |
| 7 Oct | Sell | M7 Global Fund Pcc - Cell Dewcap Fund | ₹2.92 Cr | ₹106.33 | 275,000 | Bulk |
| 6 Oct | Sell | M7 Global Fund Pcc - Cell Dewcap Fund | ₹1.34 Cr | ₹103.31 | 130,000 | Bulk |
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Aaa Technologies Limited has submitted its compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate was issued by the company's Registrar and Share Transfer Agent, MUFG Intime India Private Limited, on October 3, 2026. It confirms that share certificates received for dematerialisation during the quarter were duly verified, mutilated, cancelled, and substituted in records within prescribed timelines. This is a recurring administrative filing and carries no financial or operational impact.
- Regulation 74(5) compliance confirmed for the quarter ended September 30, 2026
- RTA confirmation issued by MUFG Intime India Private Limited on October 3, 2026
- Company filing submitted to NSE and BSE on October 14, 2026
Aaa Technologies Limited announced the voting results and Scrutinizer's Report for its 26th Annual General Meeting held on September 30, 2026. All eight resolutions—including financial statements adoption, final dividend declaration, appointment of statutory auditors, and director appointments—were passed with a 98.67% majority of votes polled. A total of 33 shareholders attended the meeting via video conference out of 9,767 total shareholders. Notably, total votes recorded in the scrutinizer report table reflect minimal participation with 75 total votes polled across reporting lines.
- All 8 ordinary and special resolutions approved with 98.67% votes in favour (74 votes) and 1.33% against (1 vote)
- Total shareholder count as of the record date stood at 9,767
- AGM attended via video conferencing by 2 promoter group members and 31 public shareholders
- Key items approved include dividend declaration, insertion of Article 85(d) for voluntary dividend waiver, and appointment of Karan Sharma as Executive Director
Aaa Technologies Limited held its 26th Annual General Meeting (AGM) on September 30, 2026, through video conferencing with 33 members attending. Key ordinary and special resolutions transacted included the declaration of a final dividend of Rs 1.00 per share for FY26 and the appointment of M/s SPML & Associates as statutory auditors. Additionally, members considered appointments for board directors, including Whole-time Director Karan Sharma, and the insertion of Article 85(d) concerning voluntary waiver of dividend. Final voting results with scrutinizer reports will be declared within 48 hours.
- 26th AGM conducted on September 30, 2026, via VC/OAVM with 33 shareholders attending (2 promoter, 31 public)
- Approved final dividend declaration of Rs. 1.00/- per share for FY26
- Total shareholder count as on record date (September 23, 2026) was 9,767
- Appointment of M/s. SPML & Associates, Chartered Accountants, as Statutory Auditors put to vote
- Voting results to be published within 48 hours of meeting conclusion
Aaa Technologies Limited has announced the closure of its Register of Members and Share Transfer Books from September 24, 2026, to September 30, 2026, for its upcoming Annual General Meeting (AGM). The AGM is scheduled to take place on September 30, 2026, via Video Conferencing or Other Audio-Visual Means. The cut-off date to determine shareholders eligible for voting rights is September 23, 2026. Remote e-voting will run from September 27, 2026 (09:00 AM) to September 29, 2026 (05:00 PM).
- AGM scheduled for September 30, 2026 via Video Conferencing / OAVM
- Book closure period set from September 24, 2026 to September 30, 2026 (both days inclusive)
- Cut-off date for e-voting eligibility is September 23, 2026
- Remote e-voting window runs from 09:00 AM on September 27, 2026 to 05:00 PM on September 29, 2026
Aaa Technologies Limited has fixed September 23, 2026, as the record date for determining shareholder eligibility for its final dividend of Rs 1.00 per equity share (face value Rs 10) for FY26. The dividend was recommended by the Board on September 8, 2026, and remains subject to shareholder approval at the upcoming Annual General Meeting. Based on the current share price of Rs 92.7, this dividend corresponds to a yield of approximately 1.08%. Once approved at the AGM, the dividend will be disbursed within 30 days.
- Final dividend of Rs. 1.00/- per Equity Share on face value of Rs. 10/- recommended for FY 2025-26
- Record date fixed as Wednesday, 23rd September, 2026
- Payment to be completed within 30 days of shareholder approval at the AGM
- Board originally recommended the dividend at its meeting on 08th September, 2026
Aaa Technologies Limited has issued the notice for its 26th Annual General Meeting (AGM) scheduled for September 30, 2026. Key agenda items include the appointment of M/s SPML & Associates as statutory auditors for a 5-year tenure (FY27 to FY31) at a fee of ₹2,00,000 for FY27. Additionally, the company seeks shareholder approval to alter its Articles of Association to allow voluntary waiver of dividends by members. Regular director appointments, including Mr. Karan Sharma at a proposed remuneration of ₹12 Lakhs per annum, are also up for approval.
- 26th Annual General Meeting scheduled for September 30, 2026, via Video Conferencing
- Appointment of M/s SPML & Associates as Statutory Auditors for 5 years with a fee of ₹2,00,000 for FY27
- Amendment to Articles of Association (Article 85(d)) to enable voluntary waiver of dividends by members
- Proposed appointment of Mr. Karan Sharma as Director at an annual remuneration of ₹12 Lakhs
Aaa Technologies has recommended a final dividend of Rs 1.00 per share (10% of Rs 10 face value) for FY25-26, representing an approximate 1.1% dividend yield against its share price of Rs 92.4. Notably, the Board conditionally accepted voluntary dividend waiver letters from certain promoter group members, subject to amending its Articles of Association via a new Article 85(d). The record date for dividend eligibility and AGM remote e-voting is set for September 23, 2026. If approved at the September 30, 2026 AGM, the dividend will be disbursed on or before October 30, 2026.
- Recommended final dividend of Rs 1.00 per equity share of Rs 10 face value (10%) for FY26
- Proposed alteration of Articles of Association to insert Article 85(d) for voluntary dividend waiver
- Record date fixed as Wednesday, September 23, 2026
- 26th Annual General Meeting scheduled for Wednesday, September 30, 2026
- Final dividend to be paid or dispatched on or before October 30, 2026
Aaa Technologies Limited announced that Managing Director Mr. Venugopal Dhoot has resigned effective August 31, 2026, pursuant to the execution of a Share Purchase Agreement (SPA) and an impending change in ownership/control. Non-Executive Independent Director Mr. Kamal Kishor Sharma also stepped down effective September 2, 2026. The board has appointed Mr. Karan Sharma as Executive Director and Mr. Premendra Rajput as Independent Director (5-year term up to September 2, 2031) effective September 3, 2026, followed by a full reconstitution of board committees. The leadership overhaul signals a structural change in promoter and executive oversight for the micro-cap cyber security firm (market cap ₹119 Cr).
- MD Venugopal Dhoot stepped down effective August 31, 2026, citing execution of a Share Purchase Agreement (SPA) and change in control
- Independent Director Kamal Kishor Sharma resigned effective September 2, 2026, citing personal reasons
- Karan Sharma appointed as Additional Executive Director effective September 3, 2026
- Premendra Rajput appointed as Independent Director for a 5-year term from September 3, 2026 to September 2, 2031
Aaa Technologies Limited announced a significant board restructuring effective September 03, 2026. Managing Director Venugopal Dhoot resigned effective August 31, 2026, following the execution of a Share Purchase Agreement (SPA) and an impending change in control/ownership. Concurrently, Kamal Kishor Sharma resigned as Independent Director, while Karan Sharma was appointed as Executive Director and Premendra Rajput was appointed as Independent Director for a 5-year term through September 02, 2031.
- MD Venugopal Dhoot resigned effective August 31, 2026, citing execution of Share Purchase Agreement (SPA) and change in ownership/control
- Premendra Rajput appointed as Non-Executive Independent Director for a 5-year term from September 03, 2026 to September 02, 2031
- Karan Sharma appointed as Additional Director in the category of Executive Director effective September 03, 2026
- Independent Director Kamal Kishor Sharma resigned effective September 02, 2026, due to personal reasons
- Complete reconstitution of Board committees including Audit, NRC, CSR, SRC, and TCWG approved on September 03, 2026
AAA Technologies has reconstituted its Board following the resignation of Chairman & Managing Director Venugopal Dhoot w.e.f. August 31, 2026, triggered by the execution of a Share Purchase Agreement (SPA) and resulting change in ownership/control. To lead the transition, Mr. Karan Sharma has been appointed as Executive Director effective September 03, 2026, subject to shareholder approval. Concurrently, Mr. Premendra Rajput has been appointed as Non-Executive Independent Director for a 5-year term ending September 02, 2031, following the resignation of Independent Director Kamal Kishor Sharma.
- MD Venugopal Dhoot resigned w.e.f. August 31, 2026, following the execution of an SPA and change in ownership/control.
- Mr. Karan Sharma appointed as Additional Director (Executive Director) w.e.f. September 03, 2026.
- Mr. Premendra Rajput appointed as Non-Executive Independent Director for a 5-year term from September 03, 2026 to September 02, 2031.
- All major board committees (Audit, NRC, SRC, CSR, TCWG) reconstituted effective September 03, 2026.
Aaa Technologies announced significant leadership changes following the execution of a Share Purchase Agreement (SPA) and contemplated change in ownership and control. Managing Director Mr. Venugopal Dhoot resigned effective August 31, 2026, alongside Independent Director Mr. Kamal Kishor Sharma who stepped down effective September 02, 2026. Consequently, the board appointed Mr. Karan Sharma as Executive Director and Mr. Premendra Rajput as Independent Director for a 5-year term from September 03, 2026, to September 02, 2031. Various board committees including Audit, NRC, and CSR have also been reconstituted.
- MD Mr. Venugopal Dhoot resigned w.e.f. August 31, 2026, citing execution of SPA and change in control.
- Mr. Kamal Kishor Sharma resigned as Non-Executive Independent Director effective September 02, 2026.
- Mr. Karan Sharma appointed as Additional Director (Executive) effective September 03, 2026.
- Mr. Premendra Rajput appointed as Independent Director for a 5-year term ending September 02, 2031.
- Reconstitution of Audit, NRC, CSR, Stakeholders, and TCWG committees approved on September 03, 2026.
AAA Technologies Limited announced that its Managing Director, Mr. Venugopal Dhoot, resigned effective August 31, 2026, following the execution of a Share Purchase Agreement (SPA) and the contemplated change in ownership/control. Non-Executive Independent Director Mr. Kamal Kishor Sharma also stepped down on September 02, 2026. Concurrently, the Board appointed Mr. Karan Sharma as Executive Director and Mr. Premendra Rajput as Independent Director for a 5-year term starting September 03, 2026. Board committees, including the Audit and Nomination & Remuneration Committees, have been reconstituted accordingly.
- Managing Director Venugopal Dhoot resigned effective August 31, 2026 due to execution of an SPA and change in control.
- Non-Executive Independent Director Kamal Kishor Sharma resigned effective September 02, 2026.
- Karan Sharma appointed as Additional Director (Executive category) with effect from September 03, 2026.
- Premendra Rajput appointed as Independent Director for a 5-year term from September 03, 2026 to September 02, 2031.
- Six board committees reconstituted including Audit, NRC, SRC, CSR, TCWG, and Independent Directors Committee.
Aaa Technologies Limited has informed the stock exchanges regarding the cessation of Mr. Venugopal Dhoot from his role as Managing Director of the company, effective August 31, 2026. The Rs 121 Cr market cap cyber security and IT audit firm did not disclose the immediate successor in the brief intimation. For FY26, the company recorded revenue of Rs 17.00 Cr with net profit of Rs 1.89 Cr.
- Cessation of Mr. Venugopal Dhoot as Managing Director
- Effective date of cessation: August 31, 2026
- Filing executed and submitted to exchange on September 1, 2026
Aaa Technologies Limited submitted a filing titled 'Disclosure of material issue' to the stock exchange on September 1, 2026. However, the provided document extract contains only digital signature metadata without specific operational or financial transaction details. As a result, the exact scope and materiality of the disclosure cannot be quantified from the provided excerpt. Investors should monitor subsequent clarifications or complete filings released by the company.
- Filing submitted under the subject 'Disclosure of material issue' on September 1, 2026
- Digital signature timestamp recorded at 2026.09.01 10:47:43 +05'30'
- Specific financial values and operational terms not disclosed in the filing extract
AAA Technologies has signed an MoU with Aikyam Stressed Assets Fund I to submit a joint resolution plan for acquiring Educomp Solutions Limited under the Insolvency and Bankruptcy Code (CIRP). The company remitted ₹6.00 crore towards refundable bid security, while Aikyam contributed ₹1.25 crore (total ₹7.25 crore bid security). If approved, a Special Purpose Vehicle (SPV) will be formed with AAATECH holding 49% and Aikyam 51%, with a contemplated path to transfer the remaining 51% to AAATECH after one year. The total acquisition consideration and funding commitment remain undetermined pending CoC and NCLT approvals.
- Remitted ₹6.00 crore towards refundable, non-interest-bearing bid security on August 14 and 17, 2026
- Proposed SPV ownership structure of 49% by AAATECH and 51% by Aikyam Stressed Assets Fund I
- MoU contemplates transfer of Aikyam's 51% SPV stake to AAATECH after one year from formation, subject to approvals
- Target entity Educomp Solutions reported standalone revenues of ₹3.62 crore (FY25), ₹4.14 crore (FY24), and ₹3.98 crore (FY23)
Financial Performance
Revenue Growth by Segment
Total revenue from operations reached INR 2,545.55 lakhs in FY 2024–25, representing a year-on-year growth of 6.98% from INR 2,379.46 lakhs. The company maintains a strong 3-year CAGR of 20.91%, driven by strategic client acquisition in the IT auditing and cyber security space.
Geographic Revenue Split
Not specifically disclosed in available documents, though the company primarily serves the domestic Indian market including government departments, PSUs, and the BFSI sector.
Profitability Margins
Net Profit (PAT) margin stood at approximately 13.79% for FY 2024–25, with PAT rising 9.29% to INR 351.03 lakhs from INR 321.20 lakhs. Return on Equity (ROE) improved to 27.37% from 25.04% YoY, indicating enhanced efficiency in generating profits from shareholder capital.
EBITDA Margin
EBITDA increased by 0.21% YoY, while EBIT (Profit before Depreciation and Interest) grew by 9.43%. This growth reflects higher core operational efficiency and cost discipline despite a 1.71% increase in operational expenses due to scaled-up activities.
Capital Expenditure
Not disclosed in absolute INR Cr; however, the company significantly increased its fixed deposits by INR 382.59 lakhs to a total of INR 2,185.04 lakhs, prioritizing treasury management over heavy physical CAPEX.
Credit Rating & Borrowing
The company is debt-free with zero finance costs for FY 2024–25. It maintains a conservative financial approach, enabling self-funded growth without external interest rate sensitivity.
Operational Drivers
Raw Materials
As a service-based IT audit firm, primary costs are professional and technical fees (which increased 1.71% YoY) and employee-related expenses rather than physical raw materials.
Key Suppliers
Not applicable; the company relies on human capital and specialized software tools for auditing services.
Capacity Expansion
Current capacity is defined by its empanelments, such as with CERT-In and NICSI. The company expands capacity by acquiring new certifications and empanelments with government bodies and banks to enable direct procurement of services.
Raw Material Costs
Not applicable; however, operational costs are managed through cost discipline in professional fees, which grew only 1.71% despite higher business volumes.
Manufacturing Efficiency
Asset turnover ratio remained stable at 0.83x in FY 2024–25, indicating consistent efficiency in utilizing its asset base to generate revenue.
Logistics & Distribution
Not applicable; services are delivered digitally or on-site at client locations (BFSI, Government offices).
Strategic Growth
Expected Growth Rate
20.91%
Growth Strategy
Growth is targeted through high-margin engagements and leveraging empanelments with NICSI and CERT-In to bypass lengthy tender processes for government contracts. The company focuses on specialized domains like digital forensics, cybercrime investigations, and core banking audits to maintain a competitive edge.
Products & Services
Information Systems Audit, Cyber Security, IT Assurance & Compliance, Information Security, IT Governance, Digital Forensics, and Cybercrime Investigations.
Brand Portfolio
AAA Technologies.
New Products/Services
Capabilities in Operating Systems, Network Infrastructure, Web Applications, ERP, and ATM systems auditing. Revenue contribution from specific new launches not disclosed.
Market Expansion
Targeting increased penetration in the BFSI sector and government bodies through empanelment with regulatory agencies like SEBI and CIDCO.
Market Share & Ranking
The company claims to be the only listed company focused exclusively on providing IT and Cyber Security Audit services in India.
Strategic Alliances
Empanelled with NICSI under the Ministry of Electronics and Information Technology (MeitY) and CERT-In for IT Security Auditing Services.
External Factors
Industry Trends
The cyber security auditing industry is growing due to increased digital threats and regulatory mandates. The industry is shifting toward continuous monitoring and digital forensics, positioning the company to benefit from mandatory compliance requirements for banks and government agencies.
Competitive Landscape
Competes with unlisted specialized firms and larger IT consultancies, but maintains an edge through specific government empanelments and niche focus.
Competitive Moat
The moat is built on specialized empanelments (CERT-In) and a 24-year track record. Being the only listed pure-play IT audit firm provides a visibility advantage. Sustainability is high due to the technical expertise required (39+ years management experience) and the high cost of switching for regulated entities like banks.
Macro Economic Sensitivity
Highly sensitive to IT spending patterns which fluctuate with GDP growth and economic stability; however, government and PSU contracts provide a defensive buffer.
Consumer Behavior
Increasing organizational focus on corporate governance in digital environments is driving demand for third-party IT assurance.
Geopolitical Risks
Global economic conditions impact the demand for IT services, though the company's focus on domestic government and regulatory bodies mitigates international trade barrier risks.
Regulatory & Governance
Industry Regulations
Strict adherence to CERT-In guidelines and MeitY regulations is required to maintain empanelment. Compliance with ISO 9001:2015 and ISO 27001:2013 is mandatory for their service delivery standards.
Taxation Policy Impact
Effective tax rate not explicitly stated, but the company complies with standard Indian corporate tax laws; PAT grew 9.29% after all tax provisions.
Legal Contingencies
Pending litigation impact is disclosed in financial statements as being 'duly disclosed' with no material foreseeable losses from long-term or derivative contracts reported.
Risk Analysis
Key Uncertainties
Regulatory Compliance Risk: Failure to renew certifications could halt new business. Performance Guarantee Risk: Inability to secure bank guarantees could impact tender participation by an estimated 10-20% of potential contract value.
Geographic Concentration Risk
High concentration in India, specifically serving Maharashtra-based entities like CIDCO and national bodies like SEBI.
Third Party Dependencies
Dependency on multiple banks for issuing performance guarantees to secure public sector contracts.
Technology Obsolescence Risk
Risk of audit tools becoming outdated; mitigated by routine upgrades to align with emerging technologies and industry trends.
Credit & Counterparty Risk
Receivables turnover of 3.73x indicates healthy collection cycles, though reliance on government/PSU payments can sometimes lead to extended working capital cycles.
