Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026

Nature of Filing / Announcement: Outcome of Board Meeting pursuant to SEBI Listing Regulations 30 and 33

Date of Board Meeting / Approval: November 04, 2026 (6:00 PM to 8:40 PM IST)

Audit Opinion: Limited Review Report with Emphasis of Matter (Not Qualified)

Auditor's Comment: Auditors issued limited review report with multiple emphasis of matter notes but did not modify their conclusion

Key Financial Highlights [Rupees in lakhs]

Standalone Results:

Revenue from Operations: Q2 FY27: ₹6,956.41 (vs Q2 FY26: ₹4,342.20, +60.2% YoY); H1 FY27: ₹10,755.79 (vs H1 FY26: ₹7,883.22, +36.4% YoY)

Total Income: Q2 FY27: ₹7,005.99; H1 FY27: ₹10,873.73

Net Profit: Q2 FY27: ₹480.39 (vs Q2 FY26: loss of ₹152.00); H1 FY27: ₹232.41 (vs H1 FY26: loss of ₹651.02)

EPS: Q2 FY27: ₹1.56; H1 FY27: ₹0.75

Other Equity: ₹18,768.83 as of September 30, 2026 (vs ₹17,675.85 as of March 31, 2026)

Cash and Cash Equivalents: ₹1,374.74 as of September 30, 2026 (vs ₹1,970.18 as of March 31, 2026)

Debt: Borrowings of ₹716.80 as of September 30, 2026

Consolidated Results:

Revenue from Operations: Q2 FY27: ₹28,285.13 (vs Q2 FY26: ₹24,195.14, +16.9% YoY); H1 FY27: ₹53,560.86 (vs H1 FY26: ₹46,645.12, +14.8% YoY)

Total Income: Q2 FY27: ₹28,726.05; H1 FY27: ₹54,431.72

Net Profit: Q2 FY27: ₹1,258.70 (vs Q2 FY26: ₹527.21, +138.8% YoY); H1 FY27: ₹1,607.44 (vs H1 FY26: ₹66.32)

EPS: Q2 FY27: ₹4.09; H1 FY27: ₹5.22

Other Equity: ₹80,328.00 as of September 30, 2026 (vs ₹76,593.35 as of March 31, 2026)

Cash and Cash Equivers: ₹45,551.33 as of September 30, 2026 (vs ₹47,400.96 as of March 31, 2026)

Debt: Borrowings of ₹716.80 as of September 30, 2026

Segment-wise Performance:

The Company has a single reportable segment: "Communication and information technology staffing support services" as per Ind AS 108.

Corporate Actions:

Not Specified

Committee Reconstitution:

  • Audit Committee: Mr. Narendra Bhandari, Independent Director, inducted as Member in place of Mr. Syed Ahmed Sultan
  • Nomination and Remuneration Committee: Mr. Narendra Bhandari, Independent Director, inducted as Member in place of Mr. Vijay Mallya

Auditor Emphasis of Matter Notes:

1. Non-accounting of Quarterly Guaranteed Revenue totaling ₹80 crores from APSFL project due to uncertainty of collection

2. Toll collection project dispute with NMSCDCL with unamortized capital cost of ₹3.07 Crores

3. Multiple pending legal suits for recovery (detailed in notes 6a-h)

4. GST demand of ₹9.08 crores for FY 2019-20 to FY 2022-23 disallowing Input Tax Credit

5. Income Tax block assessment demand of ₹3.14 crores for period 2014-15 to 2019-20

6. Pending legal cases against subsidiaries

7. Preparation of financial statements of two subsidiaries on going concern basis despite negative net worth

8. Pending RBI approvals under FEMA for wound-up overseas subsidiaries

9. Management certified accounts of subsidiaries

10. Discontinued operation classification of Trigyn Technologies Schweiz GmbH

Major Legal Cases:

1. TTINC loan recovery case against AM Alloy Industries SDN BHD (Malaysia) - $4 million loan, fully reserved

2. TTIPL copyright infringement case - J. Kohli & Anr. v. Ram Bhagwat & Ors. (₹60.63 lakhs claim)

3. APSFL project - ₹61.50 crores outstanding, fully provided for ECL

4. NMSCDCL Smart Parking project - arbitration ongoing, bank guarantee invoked

5. Multiple other recovery suits and arbitration cases

Tax and Regulatory Matters:

  • GST demand of ₹9.08 crores for FY 2019-20 to FY 2022-23, appeal filed
  • Income Tax block assessment demand of ₹3.14 crores for 2014-15 to 2019-20, appeals/rectifications filed
  • Pending RBI approvals under FEMA for wound-up overseas subsidiaries balances

Other Significant Information:

Subsidiaries:

Consolidation includes: Trigyn Technologies (India) Private Limited, Leading Edge Infotech Limited, Trigyn Technologies Inc., Trigyn Technologies Schweiz GmbH (under liquidation), Trigyn Fin-Tech Private Limited, Trigyn E-Governance Private Limited, Trigyn Eduexpert Private Limited, Trigyn Healthcare Private Limited

Major Contracts:

1. APSFL Cloud-Based Virtual Classroom Project: Total value ₹160 crores (₹80 crores supply, ₹80 crores O&M). Revenue recognized: ₹79.90 crores, outstanding: ₹61.50 crores (fully provided)

2. NMSCDCL Smart Parking Solution: Termination dispute, arbitration ongoing

3. BharatNet Phase III Project: Order value ₹101.61 crores, receivables ₹25.01 crores, ECL provision ₹3.44 crores

Financing:

Sanctioned working capital facilities: ₹100 crore (₹40 crore fund-based, ₹60 crore non-fund based)

Utilization: ₹7.51 crores fund-based, ₹9.76 crores non-fund based

Secured by: Company property (₹448.14 lakh), promoter group property (₹3,265 lakh), personal and corporate guarantees

Accounting Policies:

  • Labour Code implementation impact assessed effective April 1, 2026
  • Subsidiaries LEIL and TTIPL prepared on going concern basis despite negative net worth
  • Expected Credit Loss provisions made for various receivables