3i Infotech Issues Corrigendum Correcting Stock Options Grant from 89,000 to 83,000 Under 2023 Plan

1 min read     Updated on 13 Feb 2026, 09:21 AM
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Overview

3i Infotech Limited issued a corrigendum on February 12, 2026, correcting a typographical error in its stock options grant disclosure. The company rectified the number of stock options granted under its Stock Option Plan 2023 from the incorrectly stated 89,000 to the accurate figure of 83,000. The error appeared on the first page while the annexure contained the correct information, and all other disclosure details remain unchanged.

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3i Infotech Limited has issued a corrigendum to rectify a typographical error in its stock options grant disclosure submitted to stock exchanges on February 12, 2026. The correction pertains to the number of stock options granted under the company's Stock Option Plan 2023.

Error Correction Details

The company identified an inadvertent typographical error on the first page of its original disclosure where the number of stock options was incorrectly stated as 89,000. The accurate figure, as mentioned in the annexure on the second page, is 83,000 stock options.

Parameter: Original Disclosure Corrected Figure
Stock Options Granted: 89,000 83,000
Plan: 3i Infotech Stock Option Plan 2023 3i Infotech Stock Option Plan 2023
Date of Disclosure: February 12, 2026 February 12, 2026

Regulatory Communication

The corrigendum was formally communicated to both BSE Limited and National Stock Exchange of India Limited. Company Secretary and Compliance Officer Varika Rastogi signed the correction notice, emphasizing that all other information contained in the original disclosure remains unchanged.

Company Response

3i Infotech expressed regret for the oversight and requested both stock exchanges to take the corrigendum on record. The company clarified that while the first page contained the error, the annexure accurately reflected the correct number of 83,000 stock options throughout the documentation process.

The correction ensures accurate reporting of the stock options grant under the company's employee stock option scheme, maintaining transparency in corporate disclosures to regulatory authorities and stakeholders.

Historical Stock Returns for 3I Infotech

1 Day5 Days1 Month6 Months1 Year5 Years
+1.16%+2.35%+4.60%-26.49%-38.89%+139.76%

3i Infotech Files Police Complaint Over ₹128 Crore Corporate Financial Fraud Case

1 min read     Updated on 04 Feb 2026, 09:05 AM
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Overview

3i Infotech Limited filed a complaint with Navi Mumbai Police's Economic Offence Wing on February 3, 2026, regarding corporate financial fraud exceeding ₹128 crores. The case involves fraudulent disinvestment of subsidiary 3i Consumer Services Limited (now eMudhra Limited) and wrongful preference share redemption between December 2010 and January 2021. Key individuals implicated include former executives Mr. Venkatraman Srinivasan and Mr. Ravi Jagannathan. The company is also preparing to file a complaint with SEBI.

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3i infotech Limited has escalated a major corporate financial fraud case to law enforcement authorities, filing a formal complaint with the Economic Offence Wing of Navi Mumbai Police on February 3, 2026. The complaint, submitted around 5.40 pm, involves allegations of fraud exceeding ₹128 crores and is currently under investigation.

Background and Investigation Timeline

The legal action follows the company's earlier disclosure dated November 12, 2025, where the Board of Directors accepted recommendations from a High Powered Committee. This committee comprised Hon'ble Dr. Justice Satish Chandra (Retd.), former Judge of Allahabad High Court, Dr. Reeta Vasishtha, former Law Secretary of Ministry of Law and Justice, and Mr. B.N. Sahoo, former Executive Director of SEBI.

Fraud Details and Financial Impact

The case centers on large-scale corporate financial fraud involving criminal breach of trust, cheating, dishonest misappropriation, and criminal conspiracy. The fraudulent activities are connected to the disinvestment of 3i Consumer Services Limited, which later became eMudhra Limited, and the wrongful redemption of preference shares issued by eMudhra Limited.

Parameter: Details
Estimated Financial Impact: More than ₹128 crores plus interest and damages
Time Period: December 2010 to January 2021
Nature of Fraud: Corporate financial fraud, criminal breach of trust, cheating
Investigation Status: Under investigation by Economic Offence Wing

Key Individuals and Entities Involved

The complaint identifies several key parties in the alleged fraud:

  • eMudhra Limited: Originally incorporated as 3i Infotech Consumer Services Limited, it was a wholly owned subsidiary of 3i Infotech until December 30, 2010
  • Mr. Venkatraman Srinivasan (DIN: 00640646): Former Managing Director and Chief Executive Officer of 3i Infotech until June 30, 2012, currently serving as Executive Chairman and Promoter of eMudhra Limited
  • Mr. Ravi Jagannathan (DIN: 00626576): Former Managing Director of eMudhra Limited until April 1, 2012

Regulatory Compliance and Next Steps

The disclosure was made under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, in compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. As part of its corrective measures, 3i Infotech is also preparing to submit a complaint with the Securities and Exchange Board of India (SEBI).

The company has committed to providing regular updates to stock exchanges regarding any significant developments in this matter as the investigation progresses.

Historical Stock Returns for 3I Infotech

1 Day5 Days1 Month6 Months1 Year5 Years
+1.16%+2.35%+4.60%-26.49%-38.89%+139.76%

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1 Year Returns:-38.89%