Infonative Solutions consolidates Digital Benchers after 51% buy

Infonative Solutions Limited acquired 51% of Digital Benchers Private Limited effective August 11, 2026, establishing control and reporting its first consolidated half-year results, which included Rs 12.94 lakh of Digital Benchers revenue and Rs 2.89 lakh of profit after tax for the post-acquisition period.

When did Infonative Solutions gain control of Digital Benchers?

Infonative Solutions gained control of Digital Benchers on August 11, 2026, when it acquired a 51% ownership interest. The company said Digital Benchers became its subsidiary from that date, and its financial information was included in the consolidated results for the half year ended September 30, 2026.

The consolidation covers only the period after control was established rather than the entire six-month reporting period. Infonative Solutions’ explanatory note describes inclusion from August 11, 2026 to September 30, 2026, while the auditor’s report describes the subsidiary’s reviewed figures as covering August 12, 2026 to September 30, 2026. The filing therefore contains a one-day difference between the company note and the auditor’s description of the period.

The board approved the unaudited consolidated results on November 14, 2026 after review and recommendation by the audit committee. Infonative Solutions prepared the statement under Accounting Standard 25, Interim Financial Reporting, prescribed under Section 133 of the Companies Act, 2013.

What did Digital Benchers contribute to Infonative Solutions’ results?

Digital Benchers contributed Rs 12.94 lakh of revenue and Rs 2.89 lakh of profit after tax in the period reviewed for consolidation. The auditor also reported that the subsidiary had total assets of Rs 17.11 lakh and net cash outflow of Rs 13.50 lakh over its disclosed post-acquisition reporting period.

These Digital Benchers figures do not represent a full half-year result because control began in August 2026. The filing does not give the subsidiary’s revenue, profit or asset figures for a corresponding prior-year period, so its disclosed post-acquisition performance cannot be compared year on year.

Infonative Solutions reported consolidated revenue from operations of Rs 14.8813 crore for the half year ended September 30, 2026. Digital Benchers’ Rs 12.94 lakh revenue was included only for the period after acquisition, and the filing does not provide a line-by-line reconciliation of the subsidiary’s contribution to consolidated expenses, tax or cash flow.

Why are there no previous-year consolidated comparisons?

Infonative Solutions did not provide previous-year consolidated comparisons because the September 2026 statement was its first consolidated result. The auditor said Digital Benchers became a subsidiary with effect from August 11, 2026 and that the group’s first consolidated results consequently did not include corresponding figures for the prior year.

This means the consolidated half-year revenue of Rs 14.8813 crore and profit before tax of Rs 1.4717 crore cannot be assessed against a prior-year group result. The statement reported Rs 77.53 lakh of other income, taking total income to Rs 15.6566 crore, against total expenses of Rs 14.1849 crore.

The group reported basic and diluted earnings per share of Rs 0.94 for the half year ended September 30, 2026. That calculation used a weighted average of 1,18,47,800 equity shares with a face value of Rs 1 each, and Infonative Solutions said the six-month earnings-per-share figure was not annualised.

Infonative Solutions classified its primary business activity as developing and designing e-learning content. It said Accounting Standard 17 segment reporting was not applicable to that single primary segment, while geographic revenue was presented according to customers’ locations rather than separate operating businesses.

What do Infonative Solutions’ first consolidated accounts show?

Infonative Solutions reported consolidated total assets and total equity and liabilities of Rs 51.2754 crore at September 30, 2026. Equity share capital was Rs 1.1848 crore, reserves and surplus were Rs 38.6304 crore, and short-term borrowings were Rs 6.2308 crore.

The asset base included Rs 19.6511 crore of intangible assets under development and Rs 21.8817 crore of other non-current assets. It also included property, plant and equipment of Rs 98.86 lakh, intangible assets of Rs 2.1091 crore and cash and bank balances of Rs 92.04 lakh.

Consolidated operating activities generated Rs 1.5532 crore of net cash during the half year, while investing activities used Rs 2.9388 crore. Investing cash flows included Rs 1.4713 crore recorded as investment in the subsidiary and Rs 17.39 lakh as a loan given to the subsidiary; the filing does not identify either amount as the final consideration for the 51% ownership interest.

Cash and cash equivalents fell by Rs 16.89 lakh to Rs 10.80 lakh at September 30, 2026, from Rs 27.69 lakh at the start of the period. The ending amount consisted of Rs 1.69 lakh in cash on hand and Rs 9.10 lakh held in current bank accounts.

What did the auditor say about Infonative Solutions’ consolidated results?

The auditor said nothing had come to its attention that caused it to believe the consolidated statement was materially misstated or failed to make disclosures required under Regulation 33 of the Securities and Exchange Board of India listing regulations. Kailash Chand Jain & Co. issued a review conclusion dated November 14, 2026 rather than an audit opinion.

The auditor stated that a review is substantially less extensive than an audit performed under Standards on Auditing. It said its procedures consisted principally of enquiries and analytical review procedures, and therefore did not provide assurance that all significant matters that an audit might identify would be detected.

Kailash Chand Jain & Co. did not itself review Digital Benchers’ interim financial information showing Rs 17.11 lakh of assets, Rs 12.94 lakh of revenue and Rs 2.89 lakh of profit after tax. Its conclusion on the subsidiary-related amounts relied on reports from other auditors furnished by management, alongside the group auditor’s own procedures, and was not modified on that basis.

Infonative Solutions reported no pending investor complaints at September 30, 2026. The company is listed on the BSE Emerge small and medium enterprise platform, and its consolidated statement also reported Rs 2.626 crore of export revenue for the half year.

Conclusion

The 51% acquisition made Digital Benchers a controlled subsidiary of Infonative Solutions from August 11, 2026 and required its inclusion in the group’s first consolidated half-year accounts. The disclosed contribution was limited to the post-acquisition period, with Rs 12.94 lakh of revenue and Rs 2.89 lakh of profit after tax included within consolidated revenue of Rs 14.8813 crore.

The next point to watch is whether future disclosures resolve the one-day difference between the August 11 consolidation date in Infonative Solutions’ note and the August 12 start date in the auditor’s subsidiary-period description. Future group reporting may also provide a longer consolidation period, while the current filing provides no prior-year consolidated comparator for assessing changes in Digital Benchers’ contribution.