🔍

AAATECH - AAA Technologies

📊 NSE: AAATECH 🏢 Computers - Software - Medium / Small 📅 Last Updated: 12/13/2025 17:41

📢 Recent Corporate Announcements

AAA Technologies Appoints Deepak Sharma as CFO; Venugopal Dhoot Named Managing Director

🟢 POSITIVE ⭐ 7/10

MANAGEMENT 📅 06 Mar 2026, 04:30 PM

AAA Technologies Limited has announced a significant leadership restructuring effective March 06, 2026. Mr. Venugopal Madanalal Dhoot, who has been with the company for 17 years and holds 11,02,500 equity shares, has transitioned from CFO to Managing Director. To fill the CFO vacancy, the company has appointed Mr. Deepak Sharma, a Chartered Accountant with over 30 years of experience across telecom and healthcare sectors. This move appears to be a strategic effort to professionalize the management tier while maintaining leadership continuity.

Mr. Venugopal Madanalal Dhoot redesignated as Managing Director for a tenure ending September 25, 2030.
Mr. Deepak Sharma appointed as the new Chief Financial Officer (CFO) with 30+ years of professional experience.
Mr. Dhoot maintains a significant personal stake in the company with 11,02,500 equity shares.
The new CFO, Mr. Sharma, brings extensive expertise in financial management, budgeting, and strategic planning from various sectors.
The board approved these changes on March 06, 2026, following recommendations from the Nomination and Remuneration Committee.

💡 Investors should view the addition of a highly experienced external CFO as a positive step for corporate governance and financial scaling. Monitor the company's strategic direction under the newly appointed Managing Director.

AAA Technologies Appoints Venugopal Dhoot as MD and Deepak Sharma as CFO

🟢 POSITIVE ⭐ 7/10

MANAGEMENT 📅 06 Mar 2026, 04:26 PM

AAA Technologies Limited has announced a significant leadership restructuring effective March 06, 2026. Mr. Venugopal Madanalal Dhoot, who has been with the company for 17 years and holds 11,02,500 shares, has transitioned from the role of CFO to Managing Director. To fill the CFO vacancy, the company has appointed Mr. Deepak Sharma, a Chartered Accountant with over 30 years of experience across telecom and financial services. This move separates the MD and CFO roles, potentially strengthening corporate governance and strategic oversight.

Mr. Venugopal Dhoot redesignated as Managing Director with a tenure through September 25, 2030.
Mr. Deepak Sharma appointed as the new Chief Financial Officer, bringing 30+ years of professional expertise.
Mr. Dhoot maintains a significant skin-in-the-game with a personal holding of 11,02,500 equity shares.
The transition was approved by the Board on March 06, 2026, following NRC recommendations.

💡 Investors should view the elevation of a long-term veteran to MD and the hiring of an experienced external CFO as a positive step toward professionalizing management. Monitor the company's execution and strategic growth under this new leadership structure.

AAA Technologies Appoints Deepak Sharma as CFO; Venugopal Dhoot Redesignated as Managing Director

🟡 NEUTRAL ⭐ 6/10

MANAGEMENT 📅 06 Mar 2026, 04:25 PM

AAA Technologies has announced a significant leadership restructuring effective March 06, 2026. Mr. Venugopal Madanalal Dhoot, who has been with the company for over 17 years and holds 11,02,500 equity shares, has transitioned from the CFO role to become the Managing Director. To fill the CFO vacancy, the company has appointed Mr. Deepak Sharma, a Chartered Accountant with over 30 years of experience across sectors like telecom and healthcare. This move appears to be a strategic realignment to leverage internal expertise while bringing in seasoned external financial leadership.

Mr. Venugopal Madanalal Dhoot redesignated as Managing Director for a tenure ending September 25, 2030.
Mr. Deepak Sharma appointed as the new Chief Financial Officer (CFO) effective March 06, 2026.
Incoming CFO Deepak Sharma brings over 30 years of experience in financial management and strategic planning.
Mr. Dhoot maintains a significant personal stake in the company with 11,02,500 equity shares.
The changes were approved by the Board following recommendations from the Nomination and Remuneration Committee.

💡 Investors should view this as a routine but important leadership transition that ensures continuity while adding deep financial expertise. Monitor if the new CFO introduces any changes to the company's financial reporting or capital allocation strategies.

AAA Technologies Shareholders Approve Three Independent Director Appointments with 99.99% Majority

🟢 POSITIVE ⭐ 6/10

MANAGEMENT 📅 04 Mar 2026, 04:08 PM

AAA Technologies Limited has successfully passed three special resolutions via postal ballot for the appointment of new Independent Directors. Shareholders overwhelmingly supported the appointments of Mr. Prateek Bhansali, Ms. Jyoti Torani, and Mr. Kamal Kishor Sharma for five-year terms. Approximately 68.84% of the total outstanding shares were polled, with 99.99% of votes cast in favor of each resolution. This move strengthens the company's board governance and ensures regulatory compliance.

Shareholders approved the appointment of three Non-Executive Independent Directors for 5-year terms.
A total of 8,829,678 votes were polled, representing 68.84% of the company's 12,826,800 total shares.
All three resolutions received 99.9994% approval, with only 54 votes cast against each.
The voting process was conducted via remote e-voting from January 29 to March 2, 2026.

💡 Investors should view this as a positive step towards maintaining corporate governance standards. No immediate action is required as these are standard board appointments with strong shareholder backing.

Aaa Technologies Q3 Net Profit Falls 19.7% YoY to ₹44.44 Lakhs; CMD Resigns

🔴 NEGATIVE ⭐ 8/10

EARNINGS 📅 13 Feb 2026, 08:35 PM

Aaa Technologies reported a weak set of numbers for Q3 FY26, with revenue from operations declining 31% YoY to ₹478.61 lakhs. Net profit for the quarter fell to ₹44.44 lakhs from ₹55.35 lakhs in the previous year's corresponding quarter, representing a 19.7% decline. Sequentially, the performance was even more subdued, with profit dropping 61.6% from ₹115.76 lakhs in Q2 FY26. Adding to the uncertainty, the company announced the resignation of its Chairman & Managing Director, Mr. Anjay Agarwal, and Director Ms. Ruchi Anjay Agarwal.

Revenue from operations fell 31% YoY to ₹478.61 lakhs from ₹693.74 lakhs in Q3 FY25.
Net Profit for the quarter stood at ₹44.44 lakhs, down 19.7% YoY and 61.6% QoQ.
Earnings Per Share (EPS) declined to ₹0.35 from ₹0.43 in the same quarter last year.
Chairman & Managing Director Mr. Anjay Agarwal and Director Ms. Ruchi Anjay Agarwal resigned citing personal reasons.
Auditors highlighted an emphasis of matter regarding ₹282.36 lakhs in unbilled revenue recognized based on management estimates.

💡 Investors should exercise caution given the sharp decline in quarterly profitability and the exit of key management personnel. The high level of unbilled revenue relative to quarterly sales also warrants close monitoring of future cash flows.

AAATECH Q3 Net Profit Drops 19.7% YoY to ₹44.44 Lakhs; CMD Resigns

🔴 NEGATIVE ⭐ 8/10

EARNINGS 📅 13 Feb 2026, 08:31 PM

Aaa Technologies reported a weak performance for the quarter ended December 31, 2025, with revenue from operations falling 31% year-on-year to ₹478.61 lakhs. Net profit declined by 19.7% YoY to ₹44.44 lakhs, while the sequential (QoQ) drop was even sharper at 61.6%. The company also announced a significant leadership change with the resignation of its Chairman and Managing Director, Mr. Anjay Agarwal. Auditors highlighted an emphasis of matter regarding ₹282.36 lakhs in unbilled revenue recognized based on management estimates.

Revenue from operations fell to ₹478.61 lakhs in Q3 FY26 compared to ₹693.74 lakhs in Q3 FY25.
Net profit for the quarter stood at ₹44.44 lakhs, down from ₹55.35 lakhs in the same period last year.
Sequential performance saw a steep decline from Q2 FY26 revenue of ₹797.14 lakhs and PAT of ₹115.76 lakhs.
Chairman & Managing Director Mr. Anjay Agarwal and Director Ms. Ruchi Anjay Agarwal resigned for personal reasons.
Auditors flagged ₹282.36 lakhs of unbilled revenue which relies on management's assessment of service completion.

💡 Investors should exercise caution given the sharp decline in both top-line and bottom-line performance alongside the exit of the CMD. The high reliance on unbilled revenue estimates and the management transition are key risks to monitor in the coming quarters.

AAA Technologies Seeks Shareholder Approval for 3 Independent Director Appointments

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 27 Jan 2026, 05:34 PM

AAA Technologies Limited has issued a postal ballot notice to seek shareholder approval for the appointment of three Non-Executive Independent Directors. The proposed appointees are Mr. Prateek Bhansali, Ms. Jyoti Torani, and Mr. Kamal Kishor Sharma, each for a five-year tenure starting from December 2025. The e-voting period for shareholders is scheduled from January 29, 2026, to March 2, 2026. This move is part of the company's efforts to comply with SEBI governance regulations and strengthen its board composition.

Proposed appointment of Mr. Prateek Bhansali as Independent Director for a 5-year term ending December 5, 2030.
Proposed appointment of Ms. Jyoti Torani as Independent Director for a 5-year term ending December 5, 2030.
Proposed appointment of Mr. Kamal Kishor Sharma as Independent Director for a 5-year term ending December 9, 2030.
E-voting period set from January 29, 2026, to March 2, 2026, with a cut-off date of January 23, 2026.
Final results of the postal ballot to be announced on or before March 3, 2026.

💡 Investors should review the professional backgrounds of the proposed directors in the explanatory statement and exercise their voting rights during the e-voting window. This is a routine governance procedure and is not expected to have an immediate impact on the stock price.

Aaa Technologies Clarifies Significant Share Price Movement to NSE

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 19 Jan 2026, 06:48 PM

Aaa Technologies Limited (AAATECH) has responded to a clarification request from the National Stock Exchange regarding recent significant price movements in its scrip. The company maintains that it has disclosed all material information and price-sensitive events in accordance with SEBI (LODR) Regulations, 2015. Management stated that no undisclosed information exists that would impact the stock's price behavior. Consequently, the company attributes the recent volatility entirely to market-driven factors and prevailing market conditions.

NSE requested clarification on January 19, 2026, regarding recent price volatility in AAATECH shares.
Company confirms all material disclosures under SEBI Regulation 30 have been made to both BSE and NSE.
Management denies withholding any price-sensitive information or events from the exchanges.
Price movement is described as purely market-driven with no management involvement or control.

💡 Investors should remain cautious as the company confirms no new fundamental changes are driving the price. Monitor for speculative trading patterns or high volatility without fundamental triggers.

AAA Technologies Submits SEBI Regulation 74(5) Compliance Certificate for Q3 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 13 Jan 2026, 11:53 AM

AAA Technologies Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by MUFG Intime India Private Limited, confirms that all dematerialization requests for the quarter ended December 31, 2025, were processed within the prescribed timelines. It verifies that physical share certificates were mutilated, cancelled, and the depositories' names were updated in the register of members. This filing is a standard procedural requirement to ensure the integrity of the company's electronic shareholding records.

Compliance certificate submitted for the quarter ended December 31, 2025.
Confirmation provided by Registrar and Share Transfer Agent, MUFG Intime India Private Limited.
Verification that dematerialization requests were processed and securities listed on exchanges.
Confirmation that physical certificates were mutilated and cancelled as per SEBI norms.

💡 No action is required as this is a routine regulatory filing confirming standard administrative compliance. Investors should focus on upcoming quarterly financial results for performance cues.

Aaa Technologies to Close Trading Window from Jan 1, 2026, for Q3 Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 29 Dec 2025, 03:15 PM

Aaa Technologies Limited has announced the closure of its trading window starting January 1, 2026, in compliance with SEBI Insider Trading regulations. This closure is ahead of the board meeting to consider and approve the un-audited financial results for the quarter ending December 31, 2025. The window will remain closed for all designated persons and their immediate relatives. It is scheduled to reopen 48 hours after the financial results are officially disclosed to the exchanges.

Trading window closure begins on January 1, 2026, for designated persons.
Closure is pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015.
The restriction pertains to the un-audited financial results for the quarter ended December 31, 2025.
Window will reopen 48 hours after the conclusion of the board meeting where results are approved.

💡 This is a routine regulatory announcement and does not require any immediate action. Investors should monitor for the upcoming announcement of the board meeting date to review the Q3 financial performance.

AAATECH: Anjay Agarwal resigns as CMD, Ruchi Agarwal resigns as Director

🟡 NEUTRAL ⭐ 6/10

MANAGEMENT 📅 11 Dec 2025, 08:50 PM

Aaa Technologies Limited announced the resignation of Mr. Anjay Agarwal (DIN: 00415477) from the post of Chairman and Managing Director, effective December 11, 2025, due to a shift in focus towards social work. Ms. Ruchi Agarwal (DIN: 00415485) also resigned from the post of Director for the same reason, effective December 11, 2025. Both have confirmed that there are no other material reasons for their resignations. These resignations may lead to uncertainty in the company's strategic direction.

Mr. Anjay Agarwal (DIN: 00415477) resigned as Chairman and Managing Director.
Ms. Ruchi Agarwal (DIN: 00415485) resigned as Director.
Both resignations are effective December 11, 2025.
The stated reason for both resignations is a shift in focus towards social work.

💡 Investors should monitor the company's announcements regarding the appointment of new leadership and any potential impact on the company's strategy and operations. Keep an eye on the stock's performance in the coming days.

AAATECH: Management Change - Naveen Srivastava Resigns, Kamal Sharma Appointed

🟡 NEUTRAL ⭐ 5/10

MANAGEMENT 📅 10 Dec 2025, 04:47 PM

AAA Technologies Limited announced the resignation of Mr. Naveen G Srivastava as Non-Executive Independent Director, effective December 10, 2025, due to professional commitments. Mr. Kamal Kishor Sharma has been appointed as an Additional Director in the category of Non-Executive Independent Director for a term of five years. He will also be a member of the Audit Committee, Nomination & Remuneration Committee, Stakeholders Relationship Committee and Corporate Social Responsibility Committee. The board also approved investments in shares, securities etc. as per Section 186 of the Companies Act, 2013.

Naveen G Srivastava (DIN: 08813063) resigned as Non-Executive Independent Director effective December 10, 2025
Kamal Kishor Sharma (DIN: 10611254) appointed as Additional Director for a 5-year term
Kamal Kishor Sharma appointed to 4 committees: Audit, NRC, SRC, and CSR
Board approved investments as per Section 186 of Companies Act, 2013

💡 Investors should monitor the performance and contributions of the newly appointed director and the impact of the board's investment decisions. Review the company's filings for more details on the new director's background and the nature of the approved investments.

AAATECH: Mr. Naveen Srivastava Resigns as Independent Director

🟡 NEUTRAL ⭐ 5/10

MANAGEMENT 📅 10 Dec 2025, 04:42 PM

Aaa Technologies Limited announced the resignation of Mr. Naveen G Srivastava as Non-Executive Independent Director, effective December 10, 2025, due to other professional commitments. Mr. Kamal Kishor Sharma has been appointed as an Additional Director in the category of Non-Executive Independent Director for a term of five years, starting December 10, 2025. This change also involves reconstitution of various Board committees. Investors should note the changes in board composition and committee memberships.

Mr. Naveen G Srivastava resigned as Non-Executive Independent Director effective December 10, 2025.
Mr. Kamal Kishor Sharma appointed as Additional Director for a 5-year term.
Mr. Sharma appointed to Audit Committee, Nomination & Remuneration Committee, Stakeholders Relationship Committee and Corporate Social Responsibility Committee.
Mr. Srivastava ceases to be a member of Audit Committee, Nomination & Remuneration Committee (NRC), Stakeholders Relationship Committee (SRC) and Corporate Social Responsibility Committee (CSR).

💡 Investors should monitor the impact of these board changes on the company's strategic direction and governance. Review the profiles of the new board members to understand their expertise and potential contributions.

AAATECH: Board Meeting Outcome - Director Resignation & Appointment

🟡 NEUTRAL ⭐ 5/10

MANAGEMENT 📅 10 Dec 2025, 04:39 PM

Aaa Technologies Limited's board meeting on December 10, 2025, saw the resignation of Mr. Naveen G Srivastava as Non-Executive Independent Director. Mr. Kamal Kishor Sharma was appointed as an Additional Director in the category of Non-Executive Independent Director for a term of five years effective December 10, 2025. The board also approved investments in shares, securities etc. and reconstitution of various committees.

Mr. Naveen G Srivastava resigned as Non-Executive Independent Director effective December 10, 2025.
Mr. Kamal Kishor Sharma appointed as Additional Director for a 5-year term.
Kamal Kishor Sharma appointed to Audit Committee, Nomination & Remuneration Committee, Stakeholders Relationship Committee and Corporate Social Responsibility Committee.
Board approved investments in shares, securities etc. in accordance with Section 186 of the Companies Act, 2013.

💡 Investors should monitor the impact of the board changes on the company's strategic direction. Review the background of the new director, Mr. Kamal Kishor Sharma, to assess potential contributions.

AAATECH: Rajesh Verma Resigns as Non-Exec Independent Director

🟡 NEUTRAL ⭐ 5/10

MANAGEMENT 📅 06 Dec 2025, 04:31 PM

Aaa Technologies Limited announced the resignation of Mr. Rajesh Verma as Non-Executive Independent Director, effective December 06, 2025. Mr. Verma cited other commitments and inability to devote adequate time as the reason for his resignation. He also ceases to be a member of the Audit Committee, Nomination & Remuneration Committee (NRC), and Stakeholders Relationship Committee (SRC). The board also appointed Mr. Prateek Bhansali and Ms. Jyoti Torani as Additional Directors.

Mr. Rajesh Verma resigned as Non-Executive Independent Director w.e.f. December 06, 2025
Mr. Verma ceases to be a member of the Audit Committee, NRC, and SRC
Mr. Prateek Bhansali appointed as Additional Director for a term of five years
Ms. Jyoti Torani appointed as Additional Director (Independent) for a term of five years

💡 Investors should monitor the impact of these board changes on the company's strategic direction. Review the profiles of the newly appointed directors to assess their potential contributions.

View All AAATECH Announcements on Live Market Tracking →

💰 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.