3i Infotech Limited has informed the Exchange about General Updates - 5. Closure of 3i Infotech Netherlands B.V., step-down wholly owned subsidiary
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3i Infotech Limited's Board approved audited financial results for FY2026 showing consolidated revenue of ₹69,336 lakhs (down from ₹72,576 lakhs in FY25), but improved profitability with PBT of ₹4,514 lakhs (vs ₹1,161 lakhs) and PAT of ₹3,511 lakhs. The standalone results received an unmodified audit opinion, while consolidated results carry a qualified opinion due to issues in subsidiaries including foreign exchange translation problems in Mauritius, doubtful receivables and going concern doubts in Middle East operations, and going concern issues in Thailand subsidiary. The Board approved closure of 3i Infotech Netherlands B.V., a dormant step-down subsidiary that has sustained losses with no business purpose. New appointments, modifications to the Employee Stock Option Scheme 2023, and incorporation of a new subsidiary in Thailand were also approved. Legacy matters involving alleged criminal offenses by former management remain under investigation by Economic Offence Wing.
Improved profitability is positive, but qualified audit opinion on consolidated results and ongoing legacy investigations with subsidiary going concern issues signal operational and governance risks that shareholders should monitor closely.