In accordance with Regulation 30 and 47 of Listing Regulations, please find enclosed herewith extract of the Un-audited Financial Results of the Company for the quarter ended September ....
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Infronics Systems Ltd has filed its unaudited financial results for the quarter ended September 30, 2025 (Q2 FY26) with the stock exchange and published them in Business Standard and Ninadam newspapers. The company reported zero revenue from operations in Q2 FY26, compared to Rs. 45.73 lakhs in the same quarter last year, and posted a net loss of Rs. 22.48 lakhs against a profit of Rs. 19.22 lakhs a year ago. For the half-year ended September 2025, losses widened to Rs. 39.51 lakhs from a profit of Rs. 112.38 lakhs in the prior period. The company disclosed that its only business – BSNL SMS service contracts for banks – concluded in the previous financial year and have not been renewed, leaving it with no active operations currently. Management is exploring development of a new technology product and stated it has sufficient cash to meet liabilities for the next 12 months. Reserves stand negative at Rs. 457.95 lakhs.
Shareholders should note that the company currently has no active business, is loss-making, has negative reserves, and faces a major contingent liability of about Rs. 12.05 crore from M/s Mudunuru Ltd (a disputed demand the company is contesting with legal backing). This combination raises going-concern concerns, though management asserts adequate liquidity for the next twelve months and plans to develop a new technology product.