Dear Sir, This is to inform you that the Board of Directors of the Company in its Meeting held today i.e. 13th August, 2025, which commenced at 05:30 P.M. and concluded at 06:00 P.M., ....
Awaiting price reaction for this filing.
MPS Infotecnics (formerly Visesh Infotecnics) reported weak Q1 FY26 results with revenue from operations at just Rs. 10.24 lakhs (down from Rs. 11.80 lakhs YoY) and a net loss of Rs. 93.55 lakhs, slightly worse than the Rs. 81.93 lakh loss in Q1 FY25. Total expenses stood at Rs. 119.25 lakhs, with Rs. 65.40 lakhs in depreciation and Rs. 34.63 lakhs in other expenses. The auditor issued a qualified conclusion citing multiple unresolved issues including lack of impairment provisioning on intangible assets (Rs. 56.44 cr), software rights (Rs. 7.30 cr), source code inventory (Rs. 62.22 cr), and a disputed bank balance of Rs. 34.79 crores with Banco Efisa (Portugal). The company faces serious regulatory troubles: SEBI has imposed penalties and frozen bank accounts over a GDR issue, NSE and BSE have issued show-cause notices for potential delisting, Annual General Meetings for FY 2022-23 and FY 2023-24 have not been held, and shareholding patterns for multiple quarters remain unfiled.
This is a high-risk filing for shareholders — the company is loss-making with negligible revenue, facing potential delisting from both NSE and BSE, frozen bank accounts, pending SEBI penalties, and multiple unresolved legal/regulatory matters. The qualified audit opinion, undisclosed impairments on assets worth over Rs. 125 crores, and the possible delisting make this a precarious situation for retail investors.