Trigyn Technologies has scheduled its 40th Annual General Meeting for Wednesday, September 30, 2026, at 3:30 pm. The meeting will be conducted through Video Conferencing or Other Audio-Visual Means, with the company’s registered office serving as the deemed venue.

The company confirmed the completion of dispatching notices for the AGM on September 7, 2026. Electronic copies of the notice and the annual report for FY26 were sent via email on Saturday, September 5, 2026, to members with registered email IDs. Physical letters containing weblinks were dispatched via post on the same date for shareholders without registered emails.

Voting Schedule

Members holding shares as on the cut-off date of Saturday, September 19, 2026, are eligible to vote electronically. The remote e-voting facility will be available through the National Securities Depository Limited platform.

The company has appointed contact persons to address grievances related to electronic voting, as disclosed in the public notice published in Business Standard and Mumbai Mitra.

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.