Prakash Chandra Chhajed has resigned as Independent Director of uniinfo telecom services with immediate effect, citing other priorities and an extended period away from Indore. The resignation, effective from the close of business hours on June 20, 2026, was intimated to the National Stock Exchange of India Limited pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Consequently, Chhajed has ceased to be the Chairman of the Audit Committee and Nomination and Remuneration Committee. He also stepped down as a member of the Stakeholders Relationship Committee and the Corporate Social Responsibility (CSR) Committee of the company.

In a disclosure required under Regulation 30 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, the company confirmed the cessation of the Independent Director. The resigning director confirmed that there are no other material reasons for his departure beyond those stated in his resignation letter.

Details of Resignation

The resignation letter was submitted to the Chairman of Uniinfo Telecom Services Ltd, acknowledging the support received during his tenure. Pushpendra Patel, Company Secretary & Compliance Officer, signed the regulatory filings on behalf of the company.

uniinfo telecom services reported a widened net loss of ₹11.96 crore for the financial year ended March 31, 2026, compared to a net loss of ₹6.92 crore in the previous year. The company's revenue from operations rose to ₹435.18 crore in FY26 from ₹333.43 crore in FY25, driven by higher income from its installation and commissioning activities.

For the quarter ended March 31, 2026, the company recorded a net loss of ₹0.76 crore, a reversal from the net profit of ₹0.20 crore reported in the same quarter of the previous year. Quarterly revenue stood at ₹121.75 crore, up from ₹74.39 crore in Q4 FY25.

The Board of Directors approved the audited standalone and consolidated financial results at its meeting held on May 30, 2026. The statutory auditors, ABMS & Associates, issued an unmodified opinion on the financial results.

The financial results include an exceptional item of ₹0.52 crore for the year, attributed to the incremental impact of new Labour Codes notified by the Government of India. This charge represents the past service cost recognized in the Statement of Profit and Loss in accordance with Ind AS 19.

Total expenses for FY26 increased to ₹445.28 crore from ₹342.07 crore in the previous year. Employee benefits expense rose to ₹153.87 crore, while other expenses increased significantly to ₹239.05 crore. Finance costs for the year stood at ₹5.89 crore.

The company's consolidated financial results mirrored the standalone performance, with the wholly-owned foreign subsidiaries in Sri Lanka and Qatar yet to commence business operations. Consequently, there was no material difference between the standalone and consolidated figures.

Financial Performance (Standalone)