Please find attached Audited Financial Results for QE/YE March 31, 2026
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PS IT Infrastructure & Services Ltd filed audited results for FY 2025-26 with an unmodified audit opinion from Rajesh Kumar Gokul Chandra & Associates. However, the filing reveals critical concerns: NCLT Mumbai Bench initiated Corporate Insolvency Resolution Process (CIRP) on April 29, 2026, suspending the Board of Directors and appointing an Interim Resolution Professional (IRP). The company reported a net loss for the full year despite quarterly profits. Auditors highlighted emphasis of matters including: unquoted investments awaiting independent valuation, illiquid small-cap stocks valued without provisions, and share transfer delays for transactions worth Rs. 64.32 Lakhs and Rs. 221.50 Lakhs completed after year-end. The IRP believes the company can continue as a going concern based on a revival plan, but formal insolvency proceedings remain active.
This is a high-risk filing. The NCLT-initiated insolvency process represents a major red flag for shareholders, as the company's survival is dependent on successful revival negotiations. The emphasis of matters regarding investment valuations and accounting controls adds further uncertainty to the financial statements.