AGM and Corporate Calendar

3i Infotech will hold its 33rd Annual General Meeting on Friday, August 28, 2026 at 11:30 a.m. (IST) through Video Conferencing/Other Audio-Visual means. The record date is set for Friday, August 21, 2026 as the cut-off date for determining members eligible to vote. The Register of Members and Share Transfer Books will remain closed from Saturday, August 22, 2026 to Friday, August 28, 2026 (both days inclusive) for the purpose of AGM.

Financial Performance Highlights

Consolidated Financials (₹ Crores)

| Particulars | FY 2025-26 | FY 2024-25 | % Change |

| Total Income | 783.68 | 751.80 | 4.2% |

| Profit Before Tax | 45.14 | 11.60 | 289.1% |

| Profit After Tax | 35.10 | 25.40 | 38.2% |

| EBITDA | 68.91 | - | - |

Standalone Financials (₹ Crores)

| Particulars | FY 2025-26 | FY 2024-25 |

| Revenue from Operations | 324.62 | 364.62 |

| Total Income | 381.72 | 434.05 |

| Net Profit | 20.82 | 62.65 |

Key Ratios:

  • Interest Coverage Ratio: 17.10 (vs 6.19 previous year)
  • Debt-Equity Ratio: 0.16 (vs 0.21 previous year)
  • Return on Net Worth: 10.26% (vs 8.45% previous year)
  • EPS: ₹1.83 (vs ₹1.44 previous year)

Capital Structure and Fundraising

Rights Issue: Successfully completed rights issue of 3,77,08,165 equity shares at ₹17 per share (including premium of ₹7) aggregating to ₹64.10 crores. The issue was oversubscribed 1.47 times, increasing paid-up capital to ₹207.40 crores.

ESOP Allotment: Allotted 68,360 equity shares under Employee Stock Option Scheme 2018 during the year.

Corporate Restructuring and Subsidiaries

Scheme of Amalgamation: Board approved merger of four wholly-owned subsidiaries (3i Infotech Consultancy Services Limited, 3i Infotech Digital BPS Limited, Versares Digital Technology Services Private Limited, and NuRe Edgetech Private Limited) with 3i Infotech Limited. Scheme filed with NCLT on June 30, 2025 - approval pending.

Subsidiary Closures: Dissolved four dormant offshore subsidiaries (three in UK, one in Singapore). Initiated bankruptcy proceedings for 3i Infotech Saudi Arabia LLC and closure process for 3i Infotech Netherlands B.V.

Business Overview and Segments

Service Lines:

  • Application, Automation & Analytics (AAA): 71% of revenue, 90% renewal rate, added 80 new clients
  • Infrastructure Services (IS): 20% of revenue, 98% renewal rate, added 9 new clients
  • Business Process Services (BPS): 9% of revenue, added 10 new clients

Geographic Revenue Mix:

  • United States: 49% of total revenue (19% YoY growth)
  • India: 40% of total revenue
  • Middle East: Emerging growth market

Governance, Compliance and Legacy Matters

Forensic Audit: Completed forensic audit for legacy matters pertaining to period prior to March 31, 2021. High-Powered Committee constituted to review findings. Based on recommendations, filed complaints with Additional Commissioner of Police, Economic Offences Wing, Belapur Police on February 3, 2026 and SEBI on February 12, 2026.

FEMA Compliance: Ongoing issues with APR filings and FEMA compliance for overseas investments from 2005-2019 period. Company has applied to RBI for approval to set off trade receivables from foreign subsidiaries against trade payables of ₹1,066.39 crore for IPR purchase since 2012.

Board Composition: Comprises six members including four Independent Directors (one woman Independent Director) and two Non-Executive Directors.

Significant Events and Transactions

Grant Income: Received ₹40.93 crore (USD 4.41 million) as Employee Retention Tax Credit from US IRS through 3i Infotech Inc.

Exceptional Item: ₹3.41 crore provision for gratuity due to implementation of new Labour Codes effective November 21, 2025, treated as past service cost under Ind AS 19.

Legacy Matters: Outstanding legacy related liabilities & assets of ₹112.26 crores with subsidiaries/step-down subsidiaries. Investments in 3i Infotech Holdings Private Limited: ₹861.79 crores (net of impairment). Allowance for expected credit losses on subsidiaries: ₹335.69 crores.

Regulatory and Compliance Status

Secretarial Audit: Confirmed compliance with corporate governance norms, adequate notice given for Board meetings, and proper board composition.

Auditor's Report: Emphasis of matter on legacy related assets and liabilities. Key audit matters: Revenue recognition and deferred tax assets. Unmodified opinion on standalone financial statements but qualified opinion on consolidated financial statements due to issues in subsidiaries.

CSR Activities: CSR provisions not applicable as company doesn't meet threshold under Section 135 due to carry-forward losses. No CSR spending required for FY 2025-26.

Forward Outlook

Vision 2030: Target to triple FY 2024-25 revenue base by FY 2029-30. FY 2026-27 marks beginning of growth and scaling phase with strategic pillars focusing on People, Process, Productivity, Platform, Partnering, and Profitability.