3i Infotech Limited has informed the Exchange about change in Management
3IINFOLTD · price
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3i Infotech Limited held its Board meeting on May 8, 2026, approving audited financial results for Q4 and FY ended March 31, 2026. Standalone results received an unmodified audit opinion, while consolidated results received a qualified opinion due to issues at subsidiaries - specifically qualified opinions on Mauritius and Dubai subsidiaries, and going concern warnings for Thailand subsidiary. Consolidated revenue for FY2026 was Rs. 6,934 crores with profit before tax of Rs. 451 crores. The Board approved appointment of Mr. Anand Savla (Business Head - AAA) as Senior Management Personnel, replacing Mr. Ramu Bodathula. Modifications to Employee Stock Option Scheme 2023 were recommended to shareholders, extending vesting period from 3 to 4 years and enhancing performance-based vesting criteria. The company also approved incorporation of a step-down wholly owned subsidiary in Thailand and closure of its dormant Netherlands subsidiary.
The senior management change and subsidiary restructuring signal operational focus, while the qualified audit opinion on consolidated results raises concerns about financial reporting quality at overseas subsidiaries. Shareholders should note ongoing legacy matters including police complaints filed regarding historical transactions.