Pursuant to Regulation 30 and 33 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 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 reported Q1 FY26 (quarter ended June 30, 2025) revenue of ₹64.65 lakhs, a sharp ~72% decline from ₹228.58 lakhs in Q1 FY25. The company swung from a profit after tax of ₹43.93 lakhs to a loss of ₹17.03 lakhs, with EPS turning negative at ₹(0.21) versus ₹0.55 earlier. The statutory auditor (R. Subramanian and Company LLP) issued a Qualified Conclusion on the results, citing a demand notice of ₹12.05 crore received from M/s Mudunuru Limited for alleged unpaid invoices, which the company denies and treats as a contingent liability. The auditor also explicitly flagged a Material Uncertainty Related to Going Concern, noting that the company's major BSNL SMS services contract has concluded and it is currently not generating any revenue from operations. Management states it holds sufficient cash to settle near-term liabilities and is working on a new technology product to drive future business.
This is a deeply negative filing for shareholders — the company is loss-making, has no active revenue-generating business, carries a ₹12 crore contingent legal liability, and has an auditor-flagged going concern issue. Expect significant stock price weakness and elevated risk perception going forward.