Pursuant to Regulation 30 and 33 of SEBI (Listing Obligation and Disclosure Requirements) Regulation 2015 (as amended), the meeting of the Board of Directors of the Company held on Thursday, ....
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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' Board approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations fell sharply to Rs. 64.65 lakhs from Rs. 228.58 lakhs in Q1 FY25, and the company slipped into a loss of Rs. 17.03 lakhs versus a profit of Rs. 43.93 lakhs a year ago. The auditor issued a 'Qualified Conclusion' flagging two serious concerns: a material going-concern uncertainty because the company's main BSNL SMS services contract ended and there is currently no active revenue, and a Rs. 12.05 crore demand notice from Mudunuru Limited which the company is contesting as fabricated. Management says it has legal opinion supporting its defence and is exploring a new technology product for future revenue. The auditor's review conclusion is not modified on the going-concern issue but is qualified on the Mudunuru matter.
Negative for shareholders — the company is loss-making, its primary revenue stream has ended, and there is a large disputed contingent liability of Rs. 12.05 crore. The auditor's qualified conclusion and going-concern warning signal significant business and financial risk, which is likely to weigh on the stock.