1) Un-Audited Financial Results (Standalone) for the quarter and half year ended September 30, 2025 - Copy enclosed. 2) Limited Review Report (Standalone) for the Quarter and half year ....
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The Board of Directors of PFL Infotech Ltd met on November 14, 2025, and approved the unaudited standalone financial results for Q2 and H1 FY26 (ended September 30, 2025). The company reported zero revenue from operations for the quarter and a net loss of Rs. 2.71 lakhs in Q2 FY26, widening to Rs. 44.92 lakhs loss for H1 FY26 compared to Rs. 11.59 lakhs loss in H1 FY25, driven mainly by higher administrative expenses of Rs. 42.94 lakhs (vs Rs. 11.08 lakhs). The company also saw both its Managing Director, Mr. P Amresh Kumar, and its CFO, Mr. S. Harish, resign effective end of business on November 14, 2025, citing 'preoccupation.' In the same meeting, Mr. Parmanand Chand (DIN: 00066973) was appointed as both Managing Director and CFO for a five-year term. Mr. Parmanand Chand is the husband of Mrs. Kiriti Chand, an existing Director of the company. The auditors (Samudrala K & Co LLP) issued an unqualified limited review report.
For shareholders, this is a worrying combination: zero revenue, deepening losses, negative net worth of Rs. (36.76) lakhs, and a complete top-management overhaul in a single day—with a director's spouse stepping in as both MD and CFO. This raises governance and operational continuity concerns and is likely to be viewed negatively by the market.