Trigyn Technologies reported a consolidated net profit of ₹3.49 crore for the quarter ended June 30, 2026 (Q1FY27), reversing a net loss of ₹4.61 crore in the corresponding quarter of FY26. The Board of Directors approved the unaudited financial results on August 11, 2026, highlighting improved profitability driven by higher revenue and operational efficiencies across its group companies.

Consolidated revenue from operations increased by 12.6% year-on-year to ₹252.76 crore, up from ₹224.50 crore in Q1FY26. Total comprehensive income for the group stood at ₹28.08 crore, compared to a comprehensive loss of ₹4.04 crore in the prior year period. Statutory Auditors V. Rohatgi & Co., Chartered Accountants, issued a limited review report on the consolidated financial statements.

Financial Performance Overview

The standalone segment faced headwinds, reporting a net loss of ₹2.48 crore for the quarter, widening from a loss of ₹4.99 crore in Q1FY26. Standalone revenue from operations grew modestly by 7.4% to ₹37.99 crore. The company recorded an unrealized gain on investment of ₹161.92 crore in IIRM Holdings Limited, classified under Other Comprehensive Income (OCI).

Material Disclosures and Legal Matters

The auditors highlighted several material matters in their review report. The company has not recognized quarterly guaranteed revenue totaling ₹80 crore from the Andhra Pradesh State Fibernet Limited project due to uncertainty regarding collection realization. An independent expert opinion supports postponing revenue recognition until reasonable certainty is achieved.

Additionally, the Nashik Municipal Smart City Development Corporation Ltd (NMSCDCL) invoked a bank guarantee of ₹1.9 crore on October 20, 2025, related to a disputed smart parking project. The unamortized capital cost carried forward as of June 30, 2026, stands at ₹3.30 crore. Trigyn has filed for commercial arbitration under the Arbitration and Conciliation Act, 1996, and seeks removal of the appointed arbitrator.

Regulatory and Tax Updates

The company received a GST demand order of ₹9.08 crore for financial years 2019-20 to 2022-23, disallowing Input Tax Credit claims. An appeal has been filed with the GST Appeals Tribunal. Furthermore, the Income Tax Department raised a fresh demand of ₹3.14 crore following block assessments for periods 2014-15 to 2019-20; appeals are pending.

On the governance front, the Board approved the appointment of Narendra Bhandari as an Independent Director for a five-year term commencing August 11, 2026, subject to shareholder approval at the upcoming Annual General Meeting.

Trigyn Technologies Limited shareholders have approved the continuation of Dr. Raja Mohan Rao Potluri as a Non-Executive, Non-Independent Director and the re-appointment of Ms. Lakshmi Potluri as an Independent Director through a postal ballot process that concluded on June 24, 2026. Members also sanctioned the renewal of a consultancy services agreement with Mr. R. Ganapathi for a fee of ₹12,00,000 per annum. The voting, conducted via remote e-voting, was scrutinized by Mr. Anmol Jha, a Practicing Company Secretary, who confirmed that all resolutions received the requisite majority.

The postal ballot sought approval for three resolutions under the provisions of the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The remote e-voting period commenced on May 26, 2026, and concluded on June 24, 2026, with the record date set as May 15, 2026. A total of 32,845 shareholders were eligible to vote.

Voting Results

The first resolution, a special resolution for the continuation of Dr. Raja Mohan Rao Potluri’s directorship upon attaining the age of 75 years, was approved with 99.865% of the valid votes cast. The second resolution, also a special resolution for the re-appointment of Ms. Lakshmi Potluri as an Independent Director for a term of five years from August 11, 2026, to August 10, 2031, received 99.644% approval. The third resolution, an ordinary resolution approving the continuation and renewal of the Consultancy Services Agreement with Mr. R. Ganapathi, was passed with 99.643% of the votes in favour.

Key Approvals

The re-appointment of Ms. Lakshmi Potluri is subject to her declaration of independence under Section 149(6) of the Companies Act, 2013, and Regulation 16(1)(b) of the SEBI LODR Regulations. The consultancy agreement with Mr. R. Ganapathi, a Non-Executive Director and related party, is renewed for one year from February 20, 2026, to February 19, 2027. The resolution also ratified the services availed from Mr. Ganapathi from February 20, 2026, until the approval date.

The scrutinizer’s report confirmed that the votes were unblocked and counted in the presence of two witnesses not employed by the company. The results were submitted to the exchanges on June 24, 2026, by Anmol Chaturvedi, Company Secretary & Compliance Officer.