Pursuant to Regulation 30 read with Regulations 33 of the SEBI (LODR) Regulations, 2015, we hereby inform you that the Board of the Director of the Company at its meeting held on Friday, ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Infronics Systems Ltd has reported a complete loss of revenue for FY2026, with zero revenue from operations compared to Rs. 228.58 lakhs in FY2025. The company reported a net loss of Rs. 74.56 lakhs versus a profit of Rs. 112.38 lakhs in the prior year. The statutory auditors (R Subramanian and Company LLP) issued a Disclaimer of Opinion, stating they could not express any opinion on the financial statements. This is because the company's BSNL contracts have ended and were not renewed, leaving the company with no active revenue-generating operations as of March 31, 2026. Three bank accounts are frozen due to a disputed legal claim of Rs. 12.05 crore from Mudunuru Limited, which the company denies and has disclosed as a contingent liability. The company has appointed a new Company Secretary and Internal Auditor. Cash position stands at Rs. 253.68 lakhs, though availability is restricted.
This is a highly distressed result filing. The combination of zero revenue, disclaimer of opinion, and going concern doubts signals extreme financial stress. Shareholders should be aware that the company has no operating business and faces significant legal uncertainty, raising substantial doubts about its ability to continue as a going concern.