ANI Integrated Services Limited (AISL)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, ANI Integrated's revenue was ₹61.2 Cr (+3.8% year on year, -5.5% on the previous quarter), and net profit ₹-0.9 Cr (against a profit a year earlier); the operating margin was -1.2%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹61.2 | +3.8% | -5.5% |
| Operating profit | ₹-0.7 | to loss | to loss |
| Net profit | ₹-0.9 | to loss | to loss |
| EPS (₹) | -1.07 | to loss | to loss |
| Operating margin | -1.2% | — | — |
AISL delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 86.96% of the AISL shares traded on NSE were taken to delivery, against the stock's own 20-session average of 92.73%. That is close to its usual level. Turnover was only ₹16 lakh, so a handful of trades can move this figure. It traded 3.2 times its average daily volume. It closed at its lower price band (circuit) on 16 Oct, one of 15 band closes in about the last 20 sessions.
Delivery in the last 5 sessions: 100.0% · 100.0% · 87.5% · 54.0% · 87.0%
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
ANI Integrated Services Limited 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 from Registrar and Share Transfer Agent Bigshare Services Private Limited confirms that security certificates received for dematerialization were processed, mutilated, and cancelled within 15 days of receipt. The depository names have been substituted in the register of members accordingly. This is a routine quarterly compliance update with no material financial impact.
- Compliance certificate submitted under Regulation 74(5) for the quarter ended September 30, 2026
- RTA Bigshare Services confirmed dematerialization requests processed within 15 days of receipt
- Certificate issued by RTA on October 10, 2026, and submitted to NSE on October 13, 2026
ANI Integrated Services Limited (AISL) has approved the allotment of 1,16,87,200 bonus equity shares of face value ₹10 each on October 12, 2026. The bonus issue was executed in a 1:1 ratio, capitalizing ₹11.69 crore from retained earnings as per the March 31, 2026 audited balance sheet. Consequently, the company's paid-up share capital has doubled from ₹11.69 crore (1.17 crore shares) to ₹23.37 crore (2.34 crore shares). The allotment follows the record date of Friday, October 09, 2026.
- Allotment of 1,16,87,200 bonus equity shares of face value ₹10 each
- Bonus ratio of 1:1 executed by capitalizing ₹11,68,72,000 from retained earnings
- Paid-up equity share capital doubled to ₹23,37,44,000 across 2,33,74,400 shares
- Record date for eligibility was Friday, October 09, 2026
ANI Integrated Services Limited has fixed Friday, October 09, 2026, as the Record Date for its 1:1 bonus issue (1 new equity share of Rs. 10 for every 1 existing share). A total of 1,16,87,200 bonus equity shares will be issued, doubling the share count. The deemed date of allotment is October 12, 2026, and the shares are expected to begin trading on October 13, 2026. Shareholder approval was previously granted at the AGM on September 26, 2026.
- Bonus ratio of 1:1 (1 new fully paid equity share for every 1 existing share held)
- Record date fixed as Friday, October 09, 2026
- Total of 1,16,87,200 equity shares to be allotted under the bonus issue
- Deemed date of allotment is October 12, 2026, with trading expected on October 13, 2026
- Bonus proposal previously approved by shareholders at the AGM on September 26, 2026
ANI Integrated Services has submitted the scrutinizer's report and voting results for its 17th Annual General Meeting held on September 26, 2026. Shareholders approved all agenda items, including the declaration of a final dividend of ₹0.50 per share (5% on ₹10 face value) for FY26. Additionally, the re-appointments of Joint Managing Directors Navin Nandkumar Korpe and Kedar Navin Korpe, along with Whole-time Director Akshay Korpe, were passed as special resolutions with 99.81% votes in favor. Total votes polled stood at 28,00,560, representing 23.96% of the 1,16,87,200 total outstanding shares.
- Final dividend of Rs.0.50/- per equity share (face value Rs.10/-) approved for FY26
- Overall voter turnout stood at 23.96% with 28,00,560 votes polled out of 1,16,87,200 total shares
- Re-appointment of Joint Managing Directors and Whole-time Director for a 3-year term passed with 99.81% majority
- 100% of promoter votes (26,98,560 shares) voted in favor across resolutions
ANI Integrated Services Limited has submitted the voting results along with the Scrutinizer's Report for its 17th Annual General Meeting (AGM) held on September 26, 2026. The meeting was conducted via Video Conferencing/Other Audio-Visual Means and transacted the businesses stated in the AGM notice. The proceedings commenced at 04:00 PM IST and closed at 04:35 PM IST after a 15-minute e-voting window.
- 17th Annual General Meeting was held on Saturday, September 26, 2026
- AGM commenced at 04:00 PM IST and concluded at 04:35 PM IST following a 15-minute window for e-voting
- Scrutinizer Report submitted was dated September 28, 2025 (as cited in document text)
- Filing submitted pursuant to Regulation 44 of SEBI LODR Regulations, 2015
ANI Integrated Services Limited (AISL) members at the AGM approved a 1:1 bonus share issue via capitalization of Rs 11.69 Cr from free reserves. The authorized share capital was increased from Rs 14.00 Cr to Rs 23.40 Cr, resulting in an amendment to the MOA. Additionally, shareholders approved a dividend of Rs 0.50 per share (5% of face value) and re-appointed key promoter directors for a 3-year term ending September 2029.
- Approved 1:1 bonus issue involving issuance of 1,16,87,200 equity shares of Rs 10 each
- Capitalization of Rs 11,68,72,000 from free reserves to double paid-up capital to Rs 23.37 Cr
- Authorized share capital increased from Rs 14.00 Cr to Rs 23.40 Cr
- Declared dividend of Rs 0.50 per equity share to be paid within 30 days
- Bonus shares estimated to be credited or dispatched on or before November 02, 2026
ANI Integrated Services Limited (AISL) members at the AGM approved a 1:1 bonus share issue via capitalization of Rs 11.69 Cr from free reserves. The authorized share capital was increased from Rs 14.00 Cr to Rs 23.40 Cr, resulting in an amendment to the MOA. Additionally, shareholders approved a dividend of Rs 0.50 per share (5% of face value) and re-appointed key promoter directors for a 3-year term ending September 2029.
- Approved 1:1 bonus issue involving issuance of 1,16,87,200 equity shares of Rs 10 each
- Capitalization of Rs 11,68,72,000 from free reserves to double paid-up capital to Rs 23.37 Cr
- Authorized share capital increased from Rs 14.00 Cr to Rs 23.40 Cr
- Declared dividend of Rs 0.50 per equity share to be paid within 30 days
- Bonus shares estimated to be credited or dispatched on or before November 02, 2026
ANI Integrated Services Limited (AISL) members at the AGM approved a 1:1 bonus share issue via capitalization of Rs 11.69 Cr from free reserves. The authorized share capital was increased from Rs 14.00 Cr to Rs 23.40 Cr, resulting in an amendment to the MOA. Additionally, shareholders approved a dividend of Rs 0.50 per share (5% of face value) and re-appointed key promoter directors for a 3-year term ending September 2029.
- Approved 1:1 bonus issue involving issuance of 1,16,87,200 equity shares of Rs 10 each
- Capitalization of Rs 11,68,72,000 from free reserves to double paid-up capital to Rs 23.37 Cr
- Authorized share capital increased from Rs 14.00 Cr to Rs 23.40 Cr
- Declared dividend of Rs 0.50 per equity share to be paid within 30 days
- Bonus shares estimated to be credited or dispatched on or before November 02, 2026
ANI Integrated Services Limited (AISL) members at the AGM approved a 1:1 bonus share issue via capitalization of Rs 11.69 Cr from free reserves. The authorized share capital was increased from Rs 14.00 Cr to Rs 23.40 Cr, resulting in an amendment to the MOA. Additionally, shareholders approved a dividend of Rs 0.50 per share (5% of face value) and re-appointed key promoter directors for a 3-year term ending September 2029.
- Approved 1:1 bonus issue involving issuance of 1,16,87,200 equity shares of Rs 10 each
- Capitalization of Rs 11,68,72,000 from free reserves to double paid-up capital to Rs 23.37 Cr
- Authorized share capital increased from Rs 14.00 Cr to Rs 23.40 Cr
- Declared dividend of Rs 0.50 per equity share to be paid within 30 days
- Bonus shares estimated to be credited or dispatched on or before November 02, 2026
ANI Integrated Services held its 17th Annual General Meeting on September 26, 2026, where shareholders approved all 10 tabled resolutions with requisite majority. Approved items include the declaration of a final dividend of ₹0.50 per share (face value ₹10) for FY26 and the issuance of bonus shares alongside an increase in authorised share capital. Shareholders also cleared 3-year re-appointments and remuneration for Joint MDs Navin Korpe and Kedar Korpe, as well as Whole-Time Director Akshay Korpe.
- Declared final dividend of ₹0.50 per equity share (face value ₹10) for FY26
- Approved issue of bonus shares and increase of authorised share capital
- Re-appointed key executive directors (Navin Korpe, Kedar Korpe, Akshay Korpe) for 3-year tenures
- Meeting conducted via video conference with 9 shareholders attending (4 promoter, 5 public)
- All 10 ordinary and special resolutions approved with requisite majority
ANI Integrated Services announced the immediate resignation of Non-Executive Independent Director Rajendra Gadve on September 21, 2026. The director cited personal and professional commitments along with paucity of time as the primary reasons, confirming no other material factors were involved. With a market capitalization of Rs 72 Cr and recent quarterly net losses of Rs -0.87 Cr in June 2026, the company will need to ensure board composition compliance under listing regulations.
- Resignation of Independent Director Rajendra Gadve effective 21-09-2026
- Confirmation given under Clause 7B of Schedule III that no other material reasons exist
- Company market capitalization stands at Rs 72 Cr with TTM revenue of Rs 256 Cr
ANI Integrated Services announced the resignation of Mr. Rajendra Gadve (DIN: 01018776) from his position as Non-Executive Independent Director, effective September 21, 2026. Mr. Gadve cited personal and professional commitments along with paucity of time as the reasons for his exit, confirming no other material reasons exist. He held directorship and committee memberships in no other listed entity. The exit comes at a time when the micro-cap company (market cap of Rs 72 Cr) reported a quarterly net loss of Rs 0.87 Cr in June 2026.
- Rajendra Gadve resigned as Non-Executive Independent Director effective September 21, 2026
- Reason stated: personal and professional commitments and paucity of time
- Holds directorship or committee memberships in 0 other listed entities
- Confirmation provided that no other material reasons exist under Regulation 30
ANI Integrated Services submitted a clarification in response to an NSE query dated September 02, 2026, regarding its Q1 (ended June 30, 2026) financial results. The company provided the revised Consolidated Limited Review Report and updated the Independent Auditor's Report format to align with SEBI's prescribed master circular. Management explicitly confirmed that there is no change in the previously reported standalone and consolidated financial results for the quarter.
- NSE issued a query on September 02, 2026, regarding omission of the Consolidated Limited Review Report and auditor report format.
- Company resubmitted the revised reports on September 08, 2026, conforming to SEBI master circular dated January 30, 2026.
- Company confirmed zero change to the reported financial numbers for Q1 ended June 30, 2026.
- Q1 Consolidated Revenue from Operations remains ₹6,120.08 lakhs (₹61.20 Cr) with a consolidated loss before tax of ₹77.33 lakhs.
ANI Integrated Services Limited has issued notice for its 17th Annual General Meeting (AGM) scheduled for September 26, 2026. The agenda includes approval of a final dividend of Rs 0.50 per share (face value Rs 10) for FY26 and the issuance of bonus shares. The company has also proposed increasing its authorised share capital from Rs 14.00 Cr to Rs 23.40 Cr. Additionally, shareholder approval is sought for director reappointments and remuneration revisions for executive directors.
- 17th AGM convened for Saturday, September 26, 2026 via video conferencing.
- Proposed final dividend of Rs 0.50 per equity share of face value Rs 10 for FY26.
- Resolution proposed to expand authorised share capital from Rs 14.00 Cr (1.40 cr shares) to Rs 23.40 Cr (2.34 cr shares).
- Bonus issue resolution proposed for shareholder approval under special business.
- Proposed revision in remuneration for Whole-Time Directors Akshay Korpe and Kedar Korpe to up to Rs 1.20 Cr p.a. each (from Rs 72 Lakh p.a.).
ANI Integrated Services has approved a 1:1 bonus share issue, issuing 1.17 crore new equity shares by capitalizing ₹11.69 crore from free reserves, which will double its paid-up share capital to ₹23.37 crore. The Board also recommended a dividend of ₹0.50 per share (5% of ₹10 face value) for FY26 and proposed increasing authorized share capital from ₹14.00 crore to ₹23.40 crore. Additionally, executive directors Navin Korpe, Kedar Korpe, and Akshay Korpe were re-appointed for a 3-year term effective September 26, 2026, subject to shareholder approval at the AGM.
- Approved a 1:1 bonus issue (1 bonus equity share of ₹10 for every 1 existing share held), issuing 1,16,87,200 shares.
- Authorized share capital increased from ₹14.00 crore (1.40 crore shares) to ₹23.40 crore (2.34 crore shares).
- Recommended a dividend of ₹0.50 per equity share of face value ₹10 for FY26.
- Capitalization of ₹11.69 crore from free reserves (against audited retained earnings of ₹37.26 crore as of March 31, 2026).
- Re-appointed Navin Korpe (Joint MD), Kedar Korpe (Joint MD), and Akshay Korpe (Whole-time Director) for 3 years w.e.f. September 26, 2026.
Financial Performance
Revenue Growth by Segment
Consolidated revenue grew 21.3% YoY to INR 227.46 Cr in FY25. Standalone revenue for the Deputation of Manpower segment grew 14.2% YoY to INR 118.43 Cr for H1 FY25 compared to INR 103.73 Cr in H1 FY24. Operation & Maintenance segment revenue stood at INR 1.75 Cr, and Projects & Consultancy at INR 2.77 Cr for FY25.
Geographic Revenue Split
The company is aggressively expanding its footprint in overseas markets including Africa, the Middle East, and Southeast Asia. While specific percentage splits are not disclosed, management stated that overseas operations provide significantly higher margins compared to domestic business.
Profitability Margins
Consolidated PAT margin improved by 155 basis points to 3.17% in Q1 FY25. Historical Net Profit Margin (NPM) was 3.81% in FY22, while Operating Profit Margin (OPM) was 5.52% in the same period.
EBITDA Margin
Consolidated EBITDA doubled to INR 2.88 Cr in Q1 FY25, representing a 100% YoY increase. Standalone EBITDA increased by 59.24% to INR 2.33 Cr in the same quarter.
Capital Expenditure
The company invested INR 1.20 Cr in the purchase of fixed assets during the half-year ended September 30, 2025. Total tangible assets stood at INR 3.44 Cr as of September 2025.
Credit Rating & Borrowing
The company's credit rating was migrated to 'CRISIL B/Stable/CRISIL A4' from 'Issuer Not Cooperating' status. Interest costs for FY25 were INR 2.91 Cr on a total borrowing base of approximately INR 22.21 Cr (INR 21.41 Cr short-term and INR 0.79 Cr long-term).
Operational Drivers
Raw Materials
As a service-oriented firm, the primary 'raw material' is skilled manpower and technical personnel, which accounts for the bulk of operational expenses.
Import Sources
Not applicable as the company provides manpower and engineering services rather than manufacturing goods.
Key Suppliers
Not applicable; the company relies on a database of technical professionals and recruitment channels rather than material suppliers.
Capacity Expansion
The company is expanding its service capacity by entering the Detailed Engineering vertical and establishing new subsidiaries in Africa and the Middle East to handle a growing order pipeline.
Raw Material Costs
Employee benefit expenses and personnel costs are the primary drivers, though specific percentage of revenue is not explicitly broken down in the provided segments.
Manufacturing Efficiency
Not applicable; efficiency is measured by the 80% repeat customer rate and the ability to maintain a 25-30% historical growth strike rate.
Logistics & Distribution
Not applicable; services are delivered via personnel deputation and on-site project management.
Strategic Growth
Expected Growth Rate
30%
Growth Strategy
Growth will be achieved through aggressive expansion in Africa and the Middle East via local subsidiaries, focusing on high-margin domestic sectors like Pharmaceuticals and Food, and scaling the new Detailed Engineering vertical. The company leverages an 80% repeat customer rate to ensure revenue stability.
Products & Services
Manpower recruitment and supply, technical inspection and certification, operations and maintenance (O&M), erection, commissioning, installation, and detailed engineering services.
Brand Portfolio
ANI Integrated Services Limited (AISL).
New Products/Services
Detailed Engineering vertical, recently launched to diversify service offerings and enhance technological integration.
Market Expansion
Establishing a stronger presence in Africa and the Middle East with dedicated subsidiaries to capture a robust 2-3 year order pipeline.
External Factors
Industry Trends
The industry is seeing robust growth in technical inspection and specialized manpower outsourcing. AISL is positioning itself by moving from general manpower to specialized engineering and certification services.
Competitive Landscape
Competes with both domestic manpower agencies and international technical service firms in key global markets.
Competitive Moat
The moat is built on a high repeat customer rate (80%) and a specialized service design that allows for better competition against international firms in domestic markets. This is sustainable due to long-term contract structures.
Macro Economic Sensitivity
Highly sensitive to industrial CAPEX and maintenance spending in the energy, pharma, and infrastructure sectors across India and the Middle East.
Consumer Behavior
Industrial clients are increasingly outsourcing non-core technical functions like O&M and inspection to specialized third-party providers to improve efficiency.
Geopolitical Risks
Exposure to regulatory and economic shifts in Middle Eastern and African markets; historical revenue was impacted by pandemic-related disruptions in Southeast Asia.
Regulatory & Governance
Industry Regulations
Operations are subject to labor laws, technical certification standards, and revenue recognition norms (Ind AS/Accounting Standards) for ongoing contracts.
Taxation Policy Impact
The company paid a current tax of INR 37 lakhs for FY25 on a PBT of INR 10.39 Cr, representing an effective current tax rate of approximately 3.5%.
Legal Contingencies
The audit report highlights revenue recognition of ongoing and unbilled contracts as a 'Key Audit Matter' involving significant judgment, but no specific values for pending litigation were disclosed.
Risk Analysis
Key Uncertainties
The primary uncertainty is the continued loss-making nature of the Project division and the management of the 60-90 day milestone payment cycle which impacts cash flow.
Geographic Concentration Risk
Increasing concentration in Africa and Middle East markets as the company pivots away from Southeast Asia.
Third Party Dependencies
High dependency on the ability to recruit and retain specialized technical personnel.
Technology Obsolescence Risk
Management does not foresee significant technological risks but is integrating more technology into service offerings to remain competitive.
Credit & Counterparty Risk
Receivables management is critical; Sundry Debtors increased by INR 13.60 Cr in H1 FY26, indicating a need for tight credit control.
