PS IT Infrastructure & Services subsidiary PSI TINFRA SOSS02 has filed a substantial acquisition disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure involves multiple acquirers including Swarup Uchhait, Tutu Uchhait, and Srisan Uchhait, who are not part of the promoter or promoter group.

Transaction Details

The acquisition was executed through off-market transactions. The disclosure reveals complex shareholding changes among the named acquirers, with specific holdings distributed across different categories of shares and voting rights.

Share Capital Structure

The company's capital structure shows specific changes following the transaction. The equity share capital changed, while the diluted share capital reflects the broader shareholding base.

Regulatory Compliance

The disclosure was filed in compliance with SEBI regulations governing substantial acquisitions. The document indicates that the shares are not listed on any stock exchange, and the transaction involved no dilutive instruments, warrants, or pledges.

Key Transaction Features

The acquisition involved multiple parties with varying shareholding changes:

• Swarup Uchhait reduced holdings from 564,509 to 555,469 shares
• Tutu Uchhait acquired 198,793 shares
• Srisan Uchhait significantly increased holdings from 7 to 720,064 shares

The transaction was conducted entirely through off-market mechanisms, with no involvement of convertible securities or other complex financial instruments. The disclosure confirms no encumbrances, pledges, or liens were associated with the transferred shares.

PS IT Infrastructure & Services Limited has released its unaudited financial results for the second quarter of fiscal year 2026, revealing a significant increase in net loss and notable changes in its financial position.

Key Financial Highlights

Financial Performance Analysis

PS IT Infrastructure & Services Limited reported a substantial increase in net loss before tax for Q2 FY26, reaching ₹120.01 lakhs compared to ₹44.32 lakhs in the same period last year. This represents a 170.8% increase in losses year-over-year.

The company's reserves and surplus turned negative, standing at ₹-2,080.44 lakhs, a significant decline from the positive ₹1,991.82 lakhs reported in the previous year. This shift indicates a considerable erosion of the company's financial cushion.

Balance Sheet Changes

Inventories saw a dramatic rise, increasing to ₹3,417.59 lakhs from ₹526.17 lakhs, marking a 549.5% increase. This substantial inventory buildup may suggest challenges in sales or potential changes in the company's operational strategy.

Conversely, trade receivables experienced a sharp decline, dropping to ₹4.00 lakhs from ₹2,523.13 lakhs, a decrease of 99.8%. This significant reduction in receivables could indicate improved collection efficiency or a substantial decrease in credit sales.

Short-term borrowings increased to ₹852.65 lakhs from ₹319.75 lakhs, representing a 166.7% rise. This increase in short-term debt may reflect the company's need for additional working capital or liquidity to support operations.

Management Approval and Audit Review

The Board of Directors approved these financial results in their meeting held on November 11, 2025. Additionally, the statutory auditors have conducted a limited review of the financial results, as mandated by regulatory requirements.

Conclusion

PS IT Infrastructure & Services Limited's Q2 FY26 results reflect challenging financial conditions, with widening losses and significant changes in key balance sheet items. The company's negative reserves and surplus, coupled with increased short-term borrowings, suggest potential financial stress that may require careful management and strategic planning in the coming quarters.

Investors and stakeholders may need to closely monitor the company's future performance and any strategic initiatives undertaken to address these financial challenges.