Infronics Systems News

Infronics Systems clarifies share price movement

Infronics Systems responds to BSE inquiry on share price volatility, stating no undisclosed price-sensitive information exists and attributing movement to market conditions.

Infronics Systems Company Secretary Resigns

Infronics Systems Limited announces resignation of Company Secretary & Compliance Officer Ms. Shubhi Singhal effective February 28, 2026, citing pursuit of alternate career opportunities.

Infronics Systems Announces Q3FY26 Results

Infronics Systems Limited's Board approved unaudited financial results for quarter and nine months ended December 31, 2025, with qualified auditor conclusion requiring management response.

Infronics Systems faces second bank account freeze

Infronics Systems Limited disclosed that Axis Bank has frozen another company bank account following directions from investigating authorities, adding to the earlier ICICI Bank freeze disclosed on December 31, 2025.

Infronics Systems Reports Quarterly Loss Amid Legal Dispute and Going Concern Issues

Infronics Systems Limited reported its quarterly results ended September 30, 2025, with a net loss of ₹21.44 lakhs. The company faces a significant legal challenge with Mudunuru Limited claiming ₹12.05 crores (comprising ₹8.60 crores principal and ₹3.44 crores interest) for alleged pro-forma invoices dated between March 2023 and April 2025. Infronics has denied liability and obtained legal opinion supporting its position, concluding no provision is required under accounting standards. The auditors expressed a qualified conclusion due to this dispute's potential material impact. Additionally, the company's major BSNL contract for SMS services concluded in the previous financial year, leaving it without current operational revenue. Management states the company has sufficient cash balances to settle liabilities and is exploring technological product development. The auditors noted material uncertainty regarding the company's ability to continue as a going concern.