Cambridge Technology assigns ₹15.22 crore loan for ₹40 lakh

Cambridge Technology Enterprises Limited completed the November 12, 2026 assignment of a ₹15.22 crore principal receivable from FA Software Services Private Limited to Aglow Financial Services Private Limited for ₹40 lakh, while Cambridge Technology retained its right to interest accrued and payable on the debt.

Why did Cambridge Technology assign the FA Software receivable?

Cambridge Technology completed the assignment after members approved it through a special resolution at the September 29, 2026 annual general meeting under Section 180(1)(a) of the Companies Act, 2013. The board took note of the completed transaction on November 12, 2026, when it also approved unaudited financial results for the quarter and half year ended September 30, 2026.

The borrower was FA Software, described in the disclosure as a wholly owned subsidiary of Cambridge Technology. The filing characterises the arrangement as an assignment or transfer of Cambridge Technology’s loan receivable from FA Software to Aglow, rather than a direct repayment by FA Software of the ₹15.22 crore principal.

Cambridge Technology disclosed receipt of ₹40 lakh from Aglow on completion of the assignment on November 12, 2026. The principal and the accrued interest were treated separately in Annexure II, with only the outstanding principal passing to Aglow under the completed transaction.

How much principal did Cambridge Technology assign for ₹40 lakh?

Cambridge Technology assigned ₹15.22 crore of outstanding principal for ₹40 lakh of consideration. The consideration equals roughly 2.6% of the disclosed principal, based on the amounts in Annexure II, while the filing does not state a valuation methodology or reason for the difference.

The disclosed principal was ₹15,22,25,760, converted to ₹15.22 crore, and the consideration received was ₹40 lakh. Cambridge Technology did not disclose the loan’s original advance date, repayment schedule, interest rate, security, or any accounting gain, loss or impairment relating specifically to the November 12 assignment.

The filing also does not put a number on the accrued interest that Cambridge Technology retained. That means the ₹40 lakh consideration relates to the assigned principal receivable and should not be read as payment for both the ₹15.22 crore principal and the excluded interest claim.

What happened to interest on the FA Software debt?

Cambridge Technology retained the right to receive interest accrued and payable on the debt because Annexure II explicitly excluded that interest from the assignment. Aglow received the identified principal receivable of ₹15.22 crore, while the accrued-interest right remained with Cambridge Technology after November 12, 2026.

The company’s standalone balance sheet showed current loans of ₹17.86 crore at September 30, 2026, compared with ₹17.83 crore at March 31, 2026. However, the results do not provide a line-item reconciliation showing how much of either balance related to FA Software principal or the separately retained accrued interest.

This separation leaves two recovery-related items with different holders after the transaction: Aglow holds the assigned principal claim, and Cambridge Technology retains the disclosed right to accrued interest. The filing provides no collection timetable, recovery arrangement or later settlement mechanism for the interest retained by Cambridge Technology.

Was Aglow a related party of Cambridge Technology?

Cambridge Technology said Aglow was not related to its promoter, promoter group or group companies, and that the assignment was not a related-party transaction. Aglow is described as a company incorporated in India under the Companies Act, 1956, while the assignment completed on November 12, 2026.

The disclosure records shareholder approval on September 29, 2026 and receipt of the ₹40 lakh consideration by November 12, 2026. It does not identify Aglow’s shareholders, directors, financing arrangements, business operations or intended approach to recovering the ₹15.22 crore principal from FA Software.

Cambridge Technology’s filing therefore provides the transaction status, the parties and the consideration, but no stated opinion from management on the price. It also does not describe an external valuation, competitive process or other mechanism used to determine the ₹40 lakh consideration.

How does this fit Cambridge Technology’s FA Software disposal plan?

Cambridge Technology’s board also approved the sale of its entire 10,000-share holding in FA Software to AKIT IT Consulting Private Limited for ₹1 lakh, or ₹10 per share. FA Software would cease to be a wholly owned subsidiary after the share transfer, but the share purchase agreement had not been executed as of November 12, 2026.

The company said the expected completion date for that share sale would be a period mutually agreed by the parties and subject to applicable regulatory requirements. AKIT IT Consulting was stated not to be related to Cambridge Technology’s promoter, promoter group or group companies, and the proposed equity sale was also stated not to be a related-party transaction.

FA Software contributed turnover of ₹2,14,919 in the last financial year, representing 0.12% of Cambridge Technology’s reported turnover, according to Annexure III. Its reported net-worth contribution was negative ₹2.16 crore, or negative 26.93%, while the proposed share-sale consideration was ₹1 lakh.

What do Cambridge Technology’s September results show?

Cambridge Technology reported consolidated revenue from operations of ₹44.93 crore for the quarter ended September 30, 2026, compared with ₹44.11 crore in the September 2025 quarter. Consolidated profit after tax was ₹4.68 crore, compared with a loss after tax of ₹5.21 crore a year earlier, though the loan assignment occurred after the September 30 reporting date.

For the half year ended September 30, 2026, consolidated revenue was ₹93.30 crore, down from ₹94.37 crore in the corresponding prior-year period. Consolidated profit after tax was ₹8.83 crore, compared with a loss after tax of ₹4.62 crore in the half year ended September 30, 2025.

The group reported one operating segment under Indian Accounting Standard 108, or Ind AS 108. Consequently, its September results do not provide segment-level revenue, profit or asset data that would isolate FA Software’s operating effect or quantify the later November 12 loan-receivable assignment.

Conclusion

The completed transaction transferred FA Software’s ₹15.22 crore principal receivable to Aglow for ₹40 lakh but left Cambridge Technology with its right to accrued and payable interest. Alongside the proposed ₹1 lakh sale of FA Software’s 10,000 shares, the disclosures set out separate steps affecting Cambridge Technology’s relationship with the subsidiary.

The next disclosed event is execution of the share purchase agreement with AKIT IT Consulting and completion of the FA Software share sale, for which Cambridge Technology gave no fixed date on November 12, 2026. Future disclosures may also clarify the amount and recovery of retained accrued interest and the accounting treatment of the completed ₹40 lakh assignment.