Capillary Technologies India Ltd

Capillary Technologies India Limited announced the completion of the voluntary deregistration of its non-operative step-down wholly-owned subsidiary, Capillary Technologies (Shanghai) Co., Ltd. in China, as disclosed in the company’s Red Herring Prospectus dated November 18, 2025; Capillary Shanghai had zero revenue and a net worth of Rs 0.50 million for the financial year ended March 31, 2026, and the cessation does not have any impact on the business operations, revenue, or financial position of Capillary Technologies India Limited or its group.

Capillary Technologies India Limited will hold a board meeting on Monday, November 02, 2026, to consider and approve the unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026, according to a regulatory filing with the BSE Limited and National Stock Exchange of India Limited. The company closed its trading window for securities on October 01, 2026, and it will reopen 48 hours after the financial results are declared.

Capillary Technologies India Limited announced that it received a certificate from MUFG Intime India Private Limited, formerly Link Intime India Private Limited, confirming that no demat requests were received for processing during the quarter ended September 30, 2026, as all shares are held in electronic mode.

Capillary Technologies India Limited will close its trading window for securities dealings from October 1, 2026, and reopen 48 hours after the announcement of the unaudited standalone and consolidated financial results for the quarter ended September 30, 2026, in compliance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.

Capillary Technologies India Limited announced the appointment of seven senior management personnel, including Rishi Pratim Ray as Director - Finance (Corporate Development), Hipin Jain as Vice President – Customer Success, Sumit Kumar as President - Middle East, Africa & India, Aruna Subramanian as Vice President - Legal, Sumit Sureka as Vice President - Finance, ShubhKant Kalsi as Vice President - Customer Success, and Jayant Sharma as Chief of Staff (Corporate), effective September 1, 2026. The appointments were approved by the company’s board of directors via a circular resolution.

A report from Crisil Ratings Limited, acting as a monitoring agency, assesses the utilization of funds raised through a public issue, revealing significant delays in planned investments. As of July 26, 2026, Rs 2,142.67 million remains unutilized, primarily held in fixed deposits earning interest. While Rs 189.0 million was allocated for bank charges under a general corporate purpose, the company has not yet utilized any funds for Research & Development or Computer Systems, despite initial projections for Fiscal 2026. The company attributes these delays to a reimbursement-based expenditure model, intending to deploy the funds in subsequent periods. The report notes a substantial cash balance and highlights the reliance on information provided by the company, with disclaimers emphasizing that the assessment is not investment advice and does not constitute legal liability.

Capillary Technologies India Ltd share price slipped 0.65% to Rs 495.35 after the company's net profit witnessed a sharp fall of 122.02% to Rs 9.55 crore, while revenue from operations gained significantly 34.12% to Rs 256.64 crore in Q2FY26 over Q1FY26. The market capitalization of Software Products industry group stocks on BSE stood at Rs 1.19 lakh crore, jumping 21.74%. It has marginally improved by 0.63% over last one week and climbed by 14.51% in last one month while the market capitalization of Capillary Technologies India Ltd has slipped by 3.48% and 12.39% in the same period respectively. Profit before tax (PBT) of Capillary Technologies India Ltd stood at Rs 8.59 crore in Q2 FY26, tanking 1661.82% year-on-year, and nosediving by 120.22% quarter-on-quarter. EBITDA came in at Rs 35 crore, expanding by 107.37% YoY and surging by 40.10% sequentially. Total expenses surged 31.72% to Rs 236.39 crore in Q2FY26 over Q2FY25. During the quarter, employee benefits expense was at Rs 119.84 crore, surging 33.79% YoY. For the TTM ended FY26, revenue from operations improved 13.93% to Rs 598.26 crore, while net profit plunged by 120.70% to Rs 14.15 crore, compared to previous TTM. EBITDA saw a sharp decline of 1913% to Rs 51.35 crore, and PBT collapsed by 114.19% to Rs 10.68 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 46.2 crore in FY26, as against Rs 97.14 crore in FY25. Capillary Technologies India Ltd crashed 18.38% in last one year, underperforming the benchmark BSE Sensex which has softened by 2.94% during the same period.

Capillary Technologies India Limited announced a 43% year-on-year increase in operating revenue to Rs 2,566.4 million for the first quarter ended June 30, 2026, driven by expansion within its existing customer base, new contract value contributions, and the acquisition of SessionM from Mastercard in May 2026. The company also reported adjusted EBITDA of Rs 440.2 million, a 132% year-on-year increase, and normalized profit after tax of Rs 254.4 million, a 3,320% year-on-year increase, according to a press release.

Capillary Technologies has acquired the CustomerGlu software platform and associated intellectual property from Marax AI, Inc., a Delaware-based company backed by Techstars, Better Capital, Pentathlon Ventures, SmartStart, Ramakant Sharma, and Paradigm Shift Capital, through an asset purchase agreement executed by Capillary Pte Ltd. The acquisition, announced August 4, 2026, aims to integrate CustomerGlu’s interactive engagement layer with Capillary’s AI core to enhance customer retention and enable brands to launch interactive user experiences in real-time, according to Capillary Technologies.

A recent Business Responsibility and Sustainability Report reveals limited corporate social responsibility activity stemming from ongoing financial losses, with several areas lacking quantitative data. The report, which details operations across various geographic locations, highlights a reliance on third-party providers for environmental and social responsibilities, raising questions about oversight and due diligence. While a data privacy policy is referenced, a summary within the report would enhance transparency. The report also notes mechanisms for consumer complaint resolution, but lacks specific details. To improve future reporting, the company should prioritize data collection, strengthen third-party oversight, and communicate its commitment to sustainability principles even with constrained resources.