BSESankhya Infotech LtdHighNeutral
Announced Fri, 30 Jan · 21:28 IST

As per PDF attached.

Emphasis Of MatterPat NegativeNegative Operating CashflowAuditor Mid Year ChangeResults View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

The Board of Directors of Sankhya Infotech Ltd, at its meeting on January 30, 2026, approved a large batch of delayed financial results covering three full fiscal years — unaudited quarterly figures and audited annual results for FY 2022-23, FY 2023-24, and FY 2024-25. The company has reported zero revenue from operations across all periods and consistent quarterly losses, with full-year losses of about Rs 524 lakhs in FY 2022-23. The results stem from the aftermath of a Corporate Insolvency Resolution Process (CIRP) initiated in July 2021, with the Resolution Plan approved in Q2 FY 2022-23, which wiped out promoter shareholding, reduced public shareholders by 95%, and brought in new promoters and investors through a merger with Gwebitsol Pvt Ltd. New statutory auditors, M/s N G Rao & Associates, were appointed only on October 31, 2025, and their review reports include a clear Emphasis of Matter on the Resolution Plan and capital restructuring.

Likely market impact

This is a highly unusual disclosure where more than three years of results are released at once, indicating chronic compliance and operational issues. For shareholders, the picture is deeply negative — no revenue, continuous losses, and operating cash flow was sharply negative (Rs 2,774 lakhs used in operations in H1 FY 2022-23). Existing public shareholders have already been diluted 95% under the Resolution Plan, and the stock remains a high-risk, thinly-traded counter with material going-concern uncertainty.