Annual Report for the Year ended 31st March 2025
Awaiting price reaction for this filing.
Quintegra Solutions, an IT services company that has had essentially no operations since 2014, filed its 31st annual report along with notice for the AGM on 24 September 2025. Accumulated losses stood at ₹178.12 crore as of 31 March 2025, with a small loss of ₹8.10 lakh reported in FY25 (versus ₹5.13 lakh in FY24). To clean up its balance sheet and attract new investors for a planned revival, the board is proposing a sweeping capital restructuring: reducing the face value of equity shares from ₹10 to ₹1 (cutting paid-up capital by ₹24.13 crore) and fully wiping out the securities premium (₹43.14 crore), capital reserve (₹90.22 crore) and general reserve (₹4.95 crore) against the accumulated losses. After this adjustment, residual accumulated losses would still be ₹15.67 crore. The proposal requires shareholder approval by special resolution and confirmation from the NCLT. No new financial results or operational details for FY25 are disclosed in the visible portion beyond the loss figures.
For existing shareholders, the number of shares stays the same but the face value drops from ₹10 to ₹1 — this is purely a book entry with no cash payout, designed only to clean the balance sheet. The stock may remain thinly traded and illiquid given the company's long-standing dormant status and unresolved ₹15.67 crore residual losses; revival prospects hinge entirely on management's ability to raise fresh capital post-restructuring.