Pursuant to Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 (as amended), the meeting of Board of Directors of the Company held on Tuesday, ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Infronics Systems Limited reported its unaudited financial results for Q2 FY26 (quarter ended September 30, 2025), showing essentially zero revenue (₹0.00 lakhs) and a loss after tax of ₹(22.48) lakhs, compared to a loss of ₹(22.40) lakhs in the previous quarter (Q1 FY26). For H1 FY26, total income was just ₹1.42 lakhs against a loss of ₹(39.51) lakhs, a sharp decline from ₹38.93 lakhs in revenue and ₹(38.51) lakhs loss in H1 FY25. The statutory auditor (R. Subramanian and Company LLP) issued a Qualified Conclusion and flagged a Material Uncertainty Related to Going Concern, noting that the company's major BSNL contract has ended and it is currently not generating any revenue from operations. The auditor also highlighted a demand notice of ~₹12.05 crore from Mudunuru Limited, which the company is contesting and has disclosed only as a contingent liability. Operating cash flow was negative at ₹(24.79) lakhs for the period.
This is a serious red flag for shareholders – the company has effectively no operating revenue, is incurring losses, faces a material going-concern doubt from its auditor, and carries a large ₹12+ crore disputed contingent liability. The stock is likely to face significant negative pressure, and investors should treat this as a high-risk situation pending clarity on new business plans or funding.