The Board has approved the appointment of Mr. Anand Savla, Business Head - AAA as Senior Management Personnel ("SMP") in place of Mr. Ramu Bodathula with immediate effect.
3IINFOLTD · price
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3i Infotech's Board approved Q4 and FY2026 results showing consolidated revenue of Rs 69,336 lakhs (down from Rs 72,576 lakhs) but improved net profit of Rs 3,511 lakhs (vs Rs 2,535 lakhs). Basic EPS improved to Rs 1.83 from Rs 1.44. Standalone financials received an unmodified audit opinion while consolidated results received a modified opinion due to issues in subsidiaries in Mauritius, Dubai, and Thailand. The Board appointed Mr. Anand Savla (Business Head - AAA) as Senior Management Personnel replacing Mr. Ramu Bodathula. Modifications to Employee Stock Option Scheme 2023 were recommended including extending vesting period from 3 to 4 years and improving performance rating 3 vesting from 75% to 100%. The company also approved setting up a new subsidiary in Thailand and closing its dormant Netherlands subsidiary. Legacy matters including historical fraud concerns remain under investigation by Economic Offence Wing.
Positive financial performance improvement with 38% rise in net profit is encouraging, but shareholders should note ongoing audit qualifications in overseas subsidiaries and pending legal matters from legacy issues. The management change in senior personnel is routine and operational in nature.