As per PDF Attached.
Awaiting price reaction for this filing.
Sankhya Infotech's board, meeting on January 30, 2026, approved a massive catch-up set of unaudited and audited financial results covering 12 quarters across FY2022-23, FY2023-24, and FY2024-25, along with the Limited Review Reports of newly appointed auditor N G Rao & Associates. The company had zero revenue from operations throughout these periods and reported consistent losses — including a FY2022-23 loss after tax of Rs 524 lakh (FY2021-22: Rs 1,390.28 lakh loss; FY2020-21: Rs 750.63 lakh loss). The filing follows the company's emergence from Corporate Insolvency Resolution Process (CIRP) initiated in July 2021, with the NCLT-approved Resolution Plan triggering a 95% haircut on public shareholders, promoter equity extinguishment, and the merger of Gwebitsol Pvt Ltd into the company. Cash flow turned sharply negative, with operating cash outflow of Rs 2,774.37 lakh for the period ended September 2022. The auditor flagged an Emphasis of Matter on the Resolution Plan implementation and capital restructuring.
Shareholders face significant dilution and value erosion — public shareholding was cut by 95% (1 share for every 20 held) under the Resolution Plan, while the company continues to report losses with no revenue and negative operating cash flows. The delayed catch-up filing of three years of results, combined with ongoing operational losses, signals persistent financial weakness despite the resolution plan approval, and could weigh negatively on stock sentiment.