Global Infratech & Finance Limited has submitted its unaudited financial results for the third quarter of FY26, reporting continued losses while operating under an approved NCLT resolution plan. The company filed these results with BSE Limited on February 9, 2026, in compliance with Regulation 33 of SEBI LODR Regulations, 2015.

Financial Performance Overview

The company's Q3FY26 results reflect challenging operational conditions, with minimal revenue generation and significant expenses leading to substantial losses. The financial performance shows a marked deterioration compared to the corresponding period in the previous year.

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, the company reported total income of ₹13.07 lakhs against total expenses of ₹31.42 lakhs, resulting in a net loss of ₹18.35 lakhs. This represents a significant improvement from the corresponding nine-month period in FY25, which recorded a loss of ₹81.24 lakhs.

Key Expense Components

NCLT Resolution Plan Implementation

The company continues to operate under the resolution plan approved by the Hon'ble National Company Law Tribunal (Mumbai Bench) on October 25, 2024, under the Insolvency and Bankruptcy Code, 2016. The financial results have been prepared giving effect to this approved resolution plan.

Trading in the company's equity shares remains suspended on stock exchanges pending completion of regulatory compliances and full implementation of the approved resolution plan. The company has indicated that necessary steps for revocation of the trading suspension are currently in progress.

Corporate Governance and Leadership

The results were signed by V S Amarnath (DIN: 07642585) in his capacity as Managing Director. Notably, this is the same individual whose appointment as Chairman & Managing Director is currently subject to shareholder approval through the ongoing postal ballot process scheduled to conclude on March 6, 2026.

During the review period, the company paid total remuneration of ₹2.40 lakhs to its Key Managerial Personnel, comprising ₹1.50 lakhs to the Chief Financial Officer and ₹0.90 lakhs to the Company Secretary.

Auditor's Review and Compliance

The unaudited financial results underwent limited review by statutory auditors A H P N & Associates, Chartered Accountants. The auditors issued an unqualified review report, confirming compliance with applicable Indian Accounting Standards and SEBI regulations. The Board of Directors approved these results at their meeting held on February 9, 2026, following review by the Audit Committee.

Global Infratech and Finance Limited has executed a seamless Chief Financial Officer transition, with the board approving both the resignation of Krishan Lal Sharma and the appointment of H Raghuram Shetty as the new CFO, effective January 21, 2026.

Board Meeting Outcomes

The company's board meeting, held on January 21, 2026, from 14:00 to 15:15 hours, addressed the key management personnel changes following the Nomination & Remuneration Committee's recommendations. The board formally accepted Sharma's resignation and simultaneously approved Shetty's appointment to ensure continuity in the CFO role.

Outgoing CFO Details

The regulatory disclosure under SEBI LODR Regulations, 2015, provides comprehensive details about the leadership transition:

Sharma's resignation letter, dated January 21, 2026, from New Delhi, expressed gratitude to the management for their cooperation and support during his tenure. He specifically requested the board to inform exchanges, ROC, and other authorities about his resignation in a timely manner.

New CFO Profile and Qualifications

H Raghuram Shetty brings substantial financial sector experience to his new role as CFO. His professional background demonstrates extensive banking expertise:

Regulatory Compliance

The company has fulfilled all regulatory requirements under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure confirms that Shetty has not been debarred from holding office by SEBI or any other authority, as required under BSE circular LIST/COMP/14/2018-19 and NSE circular NSE/CML/2018/24.

Leadership Transition Impact

The immediate effective date of both the resignation and appointment ensures uninterrupted financial leadership for Global Infratech and Finance Limited. Shetty's extensive banking background, spanning over five decades since 1971, positions him well to handle the CFO responsibilities. His international exposure through training at Strathclyde University, Glasgow, adds valuable global perspective to his financial expertise.

The smooth transition reflects the company's proactive approach to key management changes, with the board ensuring proper succession planning and regulatory compliance throughout the process.