The Board of Directors of 3i Infotech Limited convened a meeting on July 23, 2026, approving a wide range of matters including the unaudited financial results for the quarter ended June 30, 2026 (Q1FY27), changes in board composition and senior management, subsidiary restructuring, and the scheduling of the company's 33rd Annual General Meeting (AGM). The results were prepared in accordance with Indian Accounting Standards (Ind AS) 34 and reviewed by statutory auditors C K S P AND CO LLP.

Standalone Financial Performance

On a standalone basis, 3i Infotech reported steady financial performance for Q1FY27. Revenue from operations stood at Rs. 7,510 lakhs, marginally higher than Rs. 7,479 lakhs in Q4FY26 (quarter ended March 31, 2026), though lower compared to Rs. 8,552 lakhs in Q1FY26 (quarter ended June 30, 2025). The company recorded a net profit of Rs. 660 lakhs for the quarter, a significant improvement over Rs. 140 lakhs in Q1FY26, though lower than Rs. 1,373 lakhs in Q4FY26.

The following table summarises the standalone financial highlights:

The paid-up equity share capital stood at Rs. 20,740 lakhs (face value of Rs. 10 per share) as of June 30, 2026. The statutory auditors expressed an unmodified conclusion on the standalone financial results.

Consolidated Financial Performance

On a consolidated basis, total revenue from operations for Q1FY27 was Rs. 17,794 lakhs, compared to Rs. 17,578 lakhs in Q4FY26 and Rs. 17,055 lakhs in Q1FY26. The consolidated profit before tax for the quarter stood at Rs. 586 lakhs, against Rs. 617 lakhs in Q4FY26 and Rs. 1,210 lakhs in Q1FY26.

The consolidated statutory auditors issued a qualified conclusion, citing adverse opinions from auditors of subsidiaries Nure Bharat Network Limited and Nure FutureTech Private Limited regarding going concern, as well as adverse conclusions from auditors of 3i Infotech (Middle East) FZ LLC concerning recoverability of related party receivables aggregating to AED 417,138,637 and negative net worth of AED 67,567,446.

Consolidated Segment Performance

The group operates across three primary business segments — Application, Automation & Analytics (AAA), Infrastructure Services (IS), and Business Process Services (BPS) — with an "Others" category covering Digital Media. Segment revenue for Q1FY27 is summarised below:

AAA remained the dominant segment, contributing Rs. 13,036 lakhs to total revenue in Q1FY27. IS segment revenue grew to Rs. 3,330 lakhs from Rs. 2,951 lakhs in Q4FY26, while BPS revenue declined marginally to Rs. 1,399 lakhs.

Board and Management Changes

The board approved several changes in its composition and senior management:

• Mr. Ambarish Dasgupta (DIN: 00160744), Non-Independent Non-Executive Director, has expressed his intention not to seek re-appointment upon retirement by rotation at the ensuing 33rd AGM, citing potential conflict of interest due to his consulting firm's proposed expansion into the IT/IT security domain.
• Mr. Sanjay Vatsa (DIN: 05242096) has been appointed as an Additional Director, designated as Non-Independent Non-Executive Director liable to retire by rotation, with effect from July 24, 2026, subject to shareholder approval at the AGM. Mr. Vatsa brings over three decades of global experience across financial institutions including Apex Group, Citibank, BlackRock, and Merrill Lynch Investment Managers.
• Mr. Venu Gopal Reddy, Business Head – Infrastructure Services, has been appointed as Senior Management Personnel with immediate effect from July 23, 2026. He brings 25+ years of experience in cloud and infrastructure services across Fortune 500 clients.

Subsidiary Restructuring: NuRe FutureTech

The board approved the conversion of an outstanding inter-company loan, including accrued interest, granted to its wholly owned subsidiary NuRe FutureTech Private Limited into Redeemable Preference Shares. The board also approved a fresh infusion of funds into the subsidiary. The details of the total capitalisation are as follows:

NuRe FutureTech Private Limited is engaged in Information Technology (IT), IT-Enabled Services (ITeS), and Artificial Intelligence (AI). The transaction is classified as a Related Party Transaction conducted on an arm's length basis. The acquisition of redeemable preference shares is expected to be completed by December 31, 2026. The subsidiary reported NIL turnover for FY 23-24, FY 24-25, and FY 25-26.

AGM and Other Matters

The board approved the convening of the 33rd Annual General Meeting on Friday, August 28, 2026, through Video Conferencing/Other Audio-Visual Means. The board meeting commenced at 4.20 pm and concluded at 5.17 pm on July 23, 2026. The company also noted that a complaint filed with the Additional Commissioner of Police, Economic Offences Wing, Belapur on February 3, 2026, and with SEBI on February 12, 2026, pertaining to legacy matters from the period prior to March 31, 2021, remains under investigation. The company's management has represented that there is no further adverse financial impact on the financial statements from these matters.

Capital NxT LLP and its Persons Acting in Concert (PAC) have increased their shareholding in 3i Infotech to 5.02%, triggering a mandatory disclosure under SEBI takeover regulations. The acquisition involved the purchase of 100,000 equity shares via the open market, which pushed the aggregate holding past the 5% threshold. This move necessitates a formal filing with the stock exchanges to ensure transparency in substantial share acquisitions.

The disclosure was submitted to BSE Limited and the National Stock Exchange of India Limited on July 20, 2026, by Viswanadharaju Bhoopathiraju, Partner of Capital NxT LLP. The filing detailed the shareholding pattern before and after the transaction, confirming that the acquirer does not belong to the promoter or promoter group of the target company. The total voting capital of 3i Infotech Limited remains unchanged at 20,74,03,767 shares post-acquisition.

Details of the Acquisition

The transaction involved Capital NxT LLP acting as the acquirer alongside four identified PACs: Lakshmi Kaushik, Aishwarya Arvind, Mythili Srinivasan, and Venkatraman Srinivasan. The group's collective holding rose from 4.97% to 5.02% of the total paid-up voting capital. In terms of diluted share capital, which includes potential equity from convertible instruments, the holding increased from 4.85% to 4.90%.

The following table outlines the changes in shareholding:

Regulatory Context

The disclosure was filed pursuant to Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates that any acquirer, along with PACs, must disclose their shareholding once it reaches or exceeds 5% of the voting capital of a listed company. The filing confirms that the mode of acquisition was the open market and that no encumbrances were involved in the transaction.