Summary of Key Information:

Reporting Period: Quarter and Year ended March 31, 2026

Nature of Filing / Announcement: Outcome of Board Meeting and Audited Financial Results

Date of Board Meeting / Approval: May 22, 2026 (5:30 PM to 10:20 PM)

Audit Opinion: Unmodified opinion

Auditor's Comment: Emphasis of Matter on seven key issues affecting financial reporting

Key Financial Highlights [Rupees in lakhs]

Consolidated Results:

Revenue from Operations: Q4 FY26: ₹2,519.46 lakhs (4.8% YoY increase from Q4 FY25: ₹2,404.74 lakhs); FY26: ₹9,764.29 lakhs (8.8% YoY increase from FY25: ₹8,977.91 lakhs)

Total Income: Q4 FY26: ₹2,563.91 lakhs; FY26: ₹9,938.08 lakhs

Net Profit: Q4 FY26: ₹63.21 lakhs (75.3% YoY decrease from Q4 FY25: ₹255.78 lakhs); FY26: ₹198.66 lakhs (83.1% YoY decrease from FY25: ₹1,176.94 lakhs)

EPS: Basic EPS from continuing & discontinued operations: Q4 FY26: ₹0.21; FY26: ₹0.65 (FY25: ₹3.82)

Other Equity: ₹76,593.35 lakhs as of March 31, 2026 (₹71,027.06 lakhs as of March 31, 2025)

Cash and Cash Equivalents: ₹47,400.96 lakhs as of March 31, 2026 (₹41,306.22 lakhs as of March 31, 2025)

Debt: Current Borrowings: ₹647.29 lakhs; Lease Liabilities: ₹378.62 lakhs (Current ₹76.87 lakhs + Non-current ₹301.75 lakhs)

Standalone Results:

Revenue from Operations: Not explicitly stated in standalone financial results table

Total Income: Not explicitly stated in standalone financial results table

Net Profit: FY26: Profit before tax ₹1,889.18 lakhs (compared to FY25: ₹688.09 lakhs)

EPS: Not explicitly stated in standalone financial results table

Other Equity: ₹17,675.85 lakhs as of March 31, 2026 (₹17,253.52 lakhs as of March 31, 2025)

Cash and Cash Equivalents: ₹1,970.18 lakhs as of March 31, 2026 (₹2,822.54 lakhs as of March 31, 2025)

Debt: Current Borrowings: ₹647.29 lakhs; Lease Liabilities: ₹56.35 lakhs (Current ₹27.95 lakhs + Non-current ₹28.40 lakhs)

Segment-wise Performance:

Single reportable segment: "Communication and information technology staffing support services" as per IND AS 108

Corporate Actions:

Dividend declarations: Not Specified

Share split/bonus issue/buyback: Not Specified

Capital raising: Not Specified

Other Significant Information:

Emphasis of Matter Items from Auditors:

1. Note No.4: Preparation of financial statements on going concern basis for two wholly owned subsidiaries (Leading Edge Infotech Limited and Trigyn Technologies India Private Limited) with negative net worth

2. Note No.5: Balances relating to wound-up overseas subsidiaries awaiting RBI approval under FEMA regulations (fully provided for)

3. Note No.6A: Non-accounting of Quarterly Guaranteed Revenue totaling ₹80 Crores from APSFL project due to collection uncertainty

4. Note No.6B & 7(g): Nashik toll collection project termination issues with ₹3.52 Crores unamortized Capital Cost

5. Note No.7(a)-(h) & 8(a)-(b): Multiple pending legal suits filed by and against the Company

6. Note No.9: GST demand notice of ₹9.08 crores for FY 2019-20 to FY 2022-23 (company filing appeal)

7. Note No.14: Advances to United Telecoms Limited (₹500 lakhs) and Priyaraja Electronics Limited (₹200 lakhs) converted to inter-corporate loans with interest recognition of ₹84 lakhs in FY26

Major Contracts:

A) APSFL Cloud-Based Virtual Classroom System: Total contract value ₹160 Crores (₹80 Cr supply + ₹80 Cr O&M). Revenue recognized: ₹79.90 crores for supply contract. Outstanding: ₹61.50 crores overdue >6 years. ECL provision: ₹61.50 crores cumulative

B) Nashik Smart Parking Solution: Termination notice received September 2023. Arbitration ongoing. Bank guarantee of ₹1.9 crores invoked on 20.10.2025. Unamortized cost: ₹3.52 Crores

C) BharatNet Phase III: Order value ₹101.61 Crores with consortium partners

Legal Cases:

Multiple pending cases including:

  • TTINC loan recovery case in Malaysia ($4 million loan, fully reserved)
  • Copyright infringement case in Delhi High Court (₹60.63 lakhs damages claim)
  • ESDS Software arbitration (₹75 Lacs refund ordered)
  • NMSCDCL arbitration over Nashik parking project termination
  • TCIL termination dispute (arbitration ongoing)
  • GST demand appeal pending
  • Income Tax block assessment appeals (₹3.14 crores demand)

Financing:

Working capital facilities: ₹100 crore sanctioned (₹40 crore fund-based + ₹60 crore non-fund based)

Security: Company property (₹448.14 lakh), promoter entity property (₹3,265 lakh), personal guarantee by Dr. Potluri Raja Mohan Rao, corporate guarantees

Subsidiaries:

Consolidated entities: 6 subsidiaries including Trigyn Technologies Inc. (USA), Trigyn Technologies (India) Private Limited, Leading Edge Infotech Limited, Trigyn Fin-Tech Private Limited, Trigyn E-Governance Private Limited, Trigyn Eduexpert Private Limited, Trigyn Healthcare Private Limited

Trigyn Technologies Schweiz GmbH, Switzerland under liquidation

Labour Code Implementation:

New Labour Code implementation resulted in exceptional item of ₹179.63 lakhs for past service gratuity liability. Total impact: ₹268.17 lakhs (gratuity ₹185.27 lakhs + leave encashment ₹82.90 lakhs)