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Sofcom Systems' board, meeting on August 14, 2025, approved its unaudited Q1 FY26 (quarter ended June 30, 2025) financial results, on both standalone and consolidated basis, with a limited review report from the auditor. Standalone revenue from operations for the quarter was nil, compared with ₹77.20 lakhs in Q4 FY25 and ₹600 lakhs in Q1 FY25, with total income of just ₹2.47 lakhs and a loss after tax of ₹2.72 lakhs (EPS of ₹-0.01). The company also disclosed that the board noted a delay in making Structured Digital Database (SDD) entries under insider trading rules during FY24-25 and has taken a serious view of the matter, while confirming the SDD software is now compliant. Additionally, the board accepted the resignation of statutory auditor M/s S.D. Mehta & Co. (FRN 137193W), who were appointed in September 2024, citing the company's need for auditors with multi-geography resources as investors seek greater synergy in audit.
The results show a sharp slowdown in operations with no revenue from operations this quarter and a small loss, which could weigh on sentiment. The auditor resignation (mid-term, after less than a year) and the acknowledged SDD compliance lapse are governance red flags that may concern investors and could prompt closer regulatory scrutiny, though the company states the SDD system is now in compliance.