Spectraa reports Rs 1.4173 crore recoverable advance at Lumiere

SPECTRAA TECHNOLOGY SOLUTIONS LIMITED, referred to here as Spectraa, reported Rs 3.2561 crore of sales and Rs 2.3690 crore of purchases with Lumiere Technologies Private Limited in the financial year ended 31 March 2026. Spectraa also recorded Rs 1.4173 crore of advances recoverable from the entity, which it classifies as an enterprise over which key management personnel (KMPs) can exercise significant influence.

What were Spectraa's FY2026 dealings with Lumiere Technologies Private Limited?

Spectraa both bought from and sold to Lumiere Technologies Private Limited during FY2026. Purchases of goods and services were Rs 2.3690 crore, while sales of goods and services were Rs 3.2561 crore. Sales therefore exceeded purchases by Rs 0.8871 crore, showing that the disclosed relationship involved commercial flows in both directions rather than only a supplier or customer arrangement.

The mix changed from FY2025, when purchases were Rs 3.8526 crore and sales were Rs 2.4722 crore. FY2026 purchases declined by Rs 1.4836 crore, while sales increased by Rs 0.7839 crore. The combined FY2026 purchase-and-sale flow was Rs 5.6251 crore, equal to 5.56% of Spectraa's Rs 101.1621 crore revenue from operations for the year; that comparison measures gross disclosed flows, not net exposure.

Why does Spectraa classify Lumiere Technologies Private Limited as a related party?

Spectraa classifies Lumiere Technologies Private Limited as an enterprise over which KMPs can exercise significant influence. Its related-party schedule separately identifies A L Arun Kumar as chairman and managing director, Saijala Arun Kumar and Venkatrman Murali as directors, Mona Poddar as company secretary and compliance officer from 1 September 2025, and Anandi Viswanathan as chief financial officer from 15 October 2025.

The classification differs from that of Lumiere Technologies (FZE), which Spectraa describes as a company in which directors are invested. It also differs from Spectraa Technology Solutions PTE. LTD., which the schedule identifies as a subsidiary company. The disclosure does not name the individual KMPs able to exercise significant influence over Lumiere Technologies Private Limited, nor does it state the commercial terms applying to the Rs 5.6251 crore of FY2026 purchases and sales.

How much recoverable advance did Spectraa report at Lumiere?

Spectraa reported Rs 1.4173 crore of advances recoverable from Lumiere Technologies Private Limited at 31 March 2026. An advance recoverable is separately classified from a trade receivable in the related-party balance schedule. The balance was Rs 1.1463 crore lower than the Rs 2.5636 crore reported at 31 March 2025 and Rs 0.0929 crore lower than the Rs 1.5102 crore reported at 31 March 2024.

The annual transaction disclosure records a negative Rs 1.1463 crore under “advance given/(recovered)” for FY2026, following Rs 1.0534 crore given in FY2025 and Rs 1.2473 crore given in FY2024. The FY2026 movement aligns with the reduction in the closing balance from FY2025 to FY2026. The Rs 1.4173 crore balance will remain outstanding unless it is recovered, settled or adjusted against subsequent dealings; Spectraa does not disclose a recovery timetable, purpose or settlement mechanism.

What other related-party balances did Spectraa report?

Spectraa reported Rs 2.7432 crore of trade and other receivables from Lumiere Technologies (FZE) at 31 March 2026. The balance was Rs 0.4241 crore below Rs 3.1673 crore at 31 March 2025 and Rs 0.5291 crore below Rs 3.2723 crore at 31 March 2024. This receivable was larger than the Rs 1.4173 crore advance recoverable from Lumiere Technologies Private Limited, but the two balances are recorded under different related-party classifications.

For Lumiere Technologies (FZE), Spectraa recorded Rs 0.0299 crore of expense reimbursement and a negative Rs 0.4241 crore in advances given or recovered during FY2026. It reported no export sale of goods and services to that entity in FY2026 or FY2025, compared with Rs 4.1549 crore in FY2024. Separately, the balance schedule reports Rs 0.2744 crore of trade and other receivables and Rs 0.8703 crore of advances recoverable from Spectra Industries FZ-LLC at 31 March 2026; the transaction schedule spells that entity as Spectraa Industries FZ-LLC.

What do the promoter borrowing disclosures show alongside the Lumiere balance?

Spectraa reported no borrowings payable to A L Arun Kumar at 31 March 2026, compared with Rs 0.6864 crore at 31 March 2025 and Rs 2.4332 crore at 31 March 2024. During FY2026, Spectraa took Rs 2.5739 crore of borrowings from A L Arun Kumar and repaid Rs 3.2603 crore. The Rs 0.6864 crore excess of repayments over new borrowing matches the reduction in the FY2025 closing payable to nil.

The borrowing flows are distinct from the Lumiere Technologies Private Limited amount because the former is classified as borrowings payable and the latter as advances recoverable. In FY2025, Spectraa took Rs 3.9451 crore from A L Arun Kumar and repaid Rs 5.6919 crore, while FY2024 borrowings taken were Rs 6.0020 crore and repayments were Rs 3.2386 crore. The FY2026 balance sheet therefore showed no disclosed borrowing payable to the chairman and managing director, while retaining Rs 1.4173 crore of recoverable advances from the KMP-influenced enterprise.

Conclusion

Spectraa's FY2026 related-party disclosure shows a two-way commercial relationship with Lumiere Technologies Private Limited: sales of Rs 3.2561 crore exceeded purchases of Rs 2.3690 crore, while advances recoverable stood at Rs 1.4173 crore on 31 March 2026. The reported advance declined from Rs 2.5636 crore a year earlier, and Lumiere Technologies (FZE) separately accounted for Rs 2.7432 crore of trade and other receivables.

The next related-party disclosure will show whether Spectraa further recovers, settles or adjusts the Rs 1.4173 crore advance and whether the FY2026 shift toward higher sales and lower purchases continues. The supplied schedule does not disclose a repayment date, settlement plan, transaction terms or the KMPs exercising significant influence over Lumiere Technologies Private Limited.