BSESankhya Infotech LtdLowNeutral
Announced Fri, 30 Jan · 21:07 IST

As per PDF attached.

Board & Shareholder Meetings View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Sankhya Infotech's board approved a huge backlog of financial results covering 12 periods — unaudited quarterly results for Q1 FY2022-23 through Q3 FY2024-25, plus audited annual results for FY2022-23, FY2023-24 and FY2024-25. The filings are heavily delayed because the company underwent a Corporate Insolvency Resolution Process (CIRP) starting July 2021, with NCLT Hyderabad approving a Resolution Plan in June 2022. As part of the plan, old promoter shareholding was wiped out, public shareholders were cut by 95% (1 share for every 20 held), M/s Gwebitsol Private Limited was merged into the company, and new shares were issued to incoming investors — lifting paid-up capital from Rs 1,459.71 lakhs to Rs 4,858.17 lakhs. A new audit firm, N G Rao & Associates, was appointed on October 31, 2025, to backfill audits from FY2022-23 onward. The company continues to show zero revenue from operations and posted a loss of about Rs 524 lakhs for FY2022-23, with similar ongoing losses in later quarters.

Likely market impact

This is a compliance catch-up, not a positive earnings event. Shareholders should note the 95% reduction in old public shareholding due to the insolvency resolution, the new promoter group now in control, and the fact that the company still has no operating revenue. Expect governance clarity going forward, but the business turnaround story is yet to play out.