Trigyn Technologies Limited has opened the remote e-voting process for its postal ballot, seeking shareholder approval for three key resolutions. The company has engaged National Securities Depository Limited (NSDL) to facilitate the e-voting, which is the sole method for members to cast their votes. The Board approved the postal ballot process on May 22, 2026.

The remote e-voting period commenced on May 26, 2026, at 9:00 a.m. IST and concludes on June 24, 2026, at 5:00 p.m. IST. Shareholders whose names appear in the Register of Members or the list of beneficial owners as of May 15, 2026, are eligible to participate. The results of the postal ballot are expected to be declared on June 24, 2026, at the Registered Office of the Company.

Resolutions for Shareholder Approval

The notice outlines three specific resolutions requiring shareholder consent. The first resolution seeks approval for the continuation of Dr. Raja Mohan Rao Potluri as a Non-Executive, Non-Independent Director (Promoter Category) after he attains the age of 75 years on July 15, 2026. This requires a special resolution.

The second resolution pertains to the re-appointment of Ms. Lakshmi Potluri as an Independent Director for a second term of five years. If approved, her term will commence on August 11, 2026, and end on August 10, 2031. This also requires a special resolution.

The third resolution is an ordinary resolution seeking approval for the continuation and renewal of a Consultancy Services Agreement with Mr. R. Ganapathi, a Non-Executive Director and related party. The agreement is proposed for a one-year period from February 20, 2026, to February 19, 2027, with a consultancy fee of ₹12,00,000 per annum.

Key Voting and Event Details

Shareholders can cast their votes through the NSDL e-voting website. The company has stated that the resolutions, if passed by the requisite majority, shall be deemed to have been passed on the last date of the e-voting period, June 24, 2026.

Trigyn Technologies has reported its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the results at a meeting held on May 22, 2026. The company reported a consolidated revenue of ₹97,642.94 lakhs for the financial year 2026, compared to ₹89,779.08 lakhs in the previous year. For the quarter ended March 31, 2026, revenue from operations stood at ₹25,194.63 lakhs. The results were published in newspapers Business Standard and Mumbai Mitra on May 25, 2026.

Financial Performance

The company reported a total profit for the period of ₹198.66 lakhs for the year ended March 31, 2026, on a consolidated basis. In the standalone financial results, Trigyn Technologies recorded a net profit of ₹566.63 lakhs for the full year, a significant increase from ₹136.86 lakhs in the prior year. Revenue from operations for the standalone entity for the year was ₹18,895.46 lakhs.

Operational Highlights

The financial statements include the results of six subsidiaries. The auditors, M/s. V Rohatgi & Co, issued an unmodified opinion on the audited financial results. The company noted that the financial statements of two wholly-owned subsidiaries, Leading Edge Infotech Limited and Trigyn Technologies India Private Limited, have been prepared on a going concern basis despite negative net worth, as they are dependent on the holding company for financial support.

Key Notes and Disclosures

The company disclosed an emphasis of matter regarding non-accounting of Quarterly Guaranteed Revenue totalling ₹80 Crores for a contract with Andhra Pradesh State Fibernet Limited, citing uncertainty of collection. Additionally, the company is contesting a show cause notice from the GST department for ₹9.08 crores for the financial years 2019-20 to 2022-23 and plans to file an appeal. The trading window closure, previously effective from April 1, 2026, will remain in force until 48 hours after the declaration of these results.

Legal and Regulatory Updates

The company reported that it has received an order confirming a demand of ₹9.08 Crores from the GST Department and is in the process of filing an appeal. Regarding the Smart Parking Solution project in Nashik, the company is engaged in arbitration proceedings following a termination notice by Nashik Municipal Smart City Development Corporation Ltd. The next hearing for the removal of the arbitrator is scheduled for June 11, 2026. Furthermore, the company disclosed that it has entered into a business agreement for the BharatNet Phase III project with an order value of ₹101.61 Crores.