Outcome of the board meeting for the approval of unaudited financial results for the quarter and nine months ended December 31, 2025.
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The Board of Directors on February 10, 2026 approved unaudited standalone financial results for the quarter and nine months ended December 31, 2025, along with the limited review report from statutory auditors P G BHAGWAT LLP. The most significant event behind these numbers is the merger by absorption of the company's former associate, Innovassynth Technologies (India) Limited (ITIL), into the listed entity, which was approved by NCLT on November 14, 2025 and became effective on December 19, 2025. The company's name has consequently changed from Innovassynth Investments Limited to Innovassynth Technologies (India) Limited. To compensate former ITIL shareholders, the company issued 4.74 crore new equity shares at Rs 29.39 each, raising share capital by Rs 13,949.97 lakh. Q3 FY26 standalone posted a loss after tax of Rs 779.72 lakh, while the nine-month FY26 figure showed a profit of Rs 851.62 lakh. The auditor flagged an Emphasis of Matter regarding the merger accounting and noted that comparative periods have been restated.
Shareholders face heavy dilution — equity share count has grown from about 2.8 crore to roughly 7.5 crore shares. The Q3 standalone loss and the auditor's Emphasis of Matter note on merger accounting warrant a close look at Note 4 before drawing conclusions on performance.