Infronics Systems Limited has confirmed the record date for its 26th Annual General Meeting (AGM) as Wednesday, September 23, 2026. The company notified the BSE Limited on September 9, 2026, regarding the book closure period and e-voting schedule for the shareholder meeting scheduled for September 30, 2026.

The intimation, issued by Arihant Jain, Company Secretary and Compliance Officer, confirms that the Register of Members and Share Transfer Books will remain closed from Thursday, September 24, 2026, to Wednesday, September 30, 2026. This closure facilitates the determination of shareholders eligible to vote at the AGM, which will be conducted via Video Conferencing or Other Audio Visual Means.

Meeting Details

The gathering aligns with circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. The deemed venue is Plot No. 30, 31, Brigade Towers, West Wing, First Floor, Nanakramguda, Financial District, Rangareddi, Hyderabad, Telangana - 500032, India.

Shareholders are advised to monitor official communications for voting instructions. The register of members and share transfer books will remain closed from September 24, 2026, to September 30, 2026.

Ordinary Business Agenda

The primary agenda for the 26th AGM includes the following resolutions:

• Adoption of Financial Statements: To receive, consider, and adopt the Audited Balance Sheet as on March 31, 2026, along with the Statement of Profit & Loss and Cash Flow Statement for the year ended on that date. This includes the reports of the Auditors and Directors.
• Director Re-appointment: To appoint a director in place of Mr. Neerad Kumar Gajula (DIN: 06810058), who retires by rotation and offers himself for re-appointment.

Director Details

Mr. Neerad Kumar Gajula seeks re-appointment as a Director liable to retire by rotation. He has been associated with the company since August 3, 2022, and serves as Whole-time Director since January 3, 2024.

Mr. Gajula currently serves as a Member of the Audit Committee and the Stakeholders Relationship Committee. His remuneration is approved at ₹15,00,000 per annum, though he drew ₹13,75,000 during FY25-26 due to loss of pay.

Voting and Participation

The company is providing remote e-voting facilities through Central Depository Services (India) Limited (CDSL). The e-voting period begins on Sunday, September 27, 2026, at 9:00 am and ends on Tuesday, September 29, 2026, at 5:00 pm. The record date for determining eligibility is Wednesday, September 23, 2026.

Individual shareholders holding securities in demat mode can vote through their depository accounts (CDSL/NSDL) or via the CDSL e-voting system. Physical shareholders must log in to the CDSL e-voting website using their folio number and PAN. The facility for appointment of proxies is not available for this AGM due to the virtual nature of the meeting.

Infronics Systems Limited reported zero revenue from operations and a net loss of ₹16.18 lakh for the quarter ended June 30, 2026. The Hyderabad-based IT software products firm continues to operate without active revenue-generating business following the conclusion of its SMS service contracts with BSNL in FY25.

The company’s standalone results for the quarter show no change in equity share capital, which stood at ₹792.65 lakh. However, reserves remained negative at ₹(532.51 lakh) as per the previous year’s audited balance sheet. Earnings per share (basic and diluted) were ₹(0.20) for the quarter, compared to ₹(0.20) in the preceding quarter.

Financial Performance

The financial statement highlights a complete absence of operational income, reflecting the company’s current status as it explores new opportunities in the technology sector. The net loss before tax was ₹(16.18 lakh), identical to the net loss after tax, indicating no exceptional or extraordinary items impacted the bottom line.

What the Numbers Show

The divergence between the company’s cash position and its liquidity availability is a critical signal. While Infronics Systems holds cash and bank balances as of June 30, 2026, these funds are subject to debit restrictions or freezes linked to disputed matters. This restriction means immediate use of balances is limited, forcing management to assess liquidity based solely on unrestricted funds against existing liabilities and estimated obligations for the next twelve months.

Legal Disputes and Going Concern

The Board of Directors, meeting on August 11, 2026, approved the unaudited financial results prepared under Ind AS 34. The statutory auditors carried out a limited review for the quarter.

A material uncertainty exists regarding the company’s ability to continue as a going concern. This stems from the absence of major operating contracts, restricted availability of certain bank balances, and uncertainty around future business operations. No adjustments have been made to asset or liability carrying values that might be necessary if the company cannot continue as a going concern.

Additionally, the company is contesting a demand notice dated July 21, 2025, from M/s Mudunuru Limited for ₹12.05 crore (principal: ₹8.60 crore; interest: ₹3.45 crore). Infronics Systems denies any liability, stating all obligations under the last business arrangement with Mudunuru Limited, which ended in October 2022, were fully settled. Based on a legal opinion dated August 13, 2025, management believes there is no present obligation requiring recognition of a provision under Ind AS 37. The matter is disclosed as a contingent liability.