The Meeting of Board of Directors of the Company held on Tuesday, 22nd July 2025 at 4:00 P.M. at the Registered Office of the Company
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Adroit Infotech's board approved its Q1 FY26 (quarter ended 30 June 2025) unaudited financial results with an unmodified auditor's review. On a consolidated basis, revenue from operations rose about 50% year-on-year to ₹982.69 lakhs (vs ₹655.59 lakhs in Q1 FY25), and profit after tax nearly doubled to ₹84.23 lakhs (vs ₹45.20 lakhs). Standalone profit for the quarter stood at ₹48.14 lakhs, recovering from a Q4 FY25 loss of ₹131.29 lakhs. The board also appointed two new independent directors and accepted resignations of two existing directors (one non-executive, one independent), changed internal auditors from P R Chandra & Co to D Ravi & Co, and approved the closure of its 100% US subsidiary, Adroit Infotech US Inc. Paid-up equity share capital more than doubled (₹2,332 lakhs to ₹5,417 lakhs), reflecting a recent rights issue.
Strong top-line and bottom-line growth, along with a return to standalone profitability, is a positive signal for shareholders. However, board churn (two director exits), an internal auditor change, and the wind-down of a US subsidiary may raise governance questions, while the share count more than doubling will dilute EPS going forward.