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.

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.

3i infotech Limited has formally notified stock exchanges about an upcoming board meeting scheduled for February 13, 2026, where directors will review and approve the company's quarterly financial performance. The meeting represents a key milestone in the company's financial reporting calendar as it prepares to disclose its third-quarter results.

Board Meeting Details

The company has issued official communication to both BSE Limited and National Stock Exchange of India Limited regarding the scheduled board meeting. The following table outlines the key meeting parameters:

Trading Window Restrictions

In accordance with insider trading prevention measures, 3i Infotech has implemented comprehensive trading restrictions. The company initially announced the trading window closure on December 29, 2025, pursuant to its Code of Conduct for Prevention of Insider Trading by Designated Persons.

The trading restrictions encompass:

• All designated persons within the company
• Immediate relatives of designated persons
• Closure period extending until Sunday, February 15, 2026

Regulatory Compliance and Communication

The board meeting notification has been issued under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary & Compliance Officer Varika Rastogi has signed the official communication, ensuring proper regulatory adherence.

The company has made the board meeting information available on its official website, maintaining transparency with stakeholders and investors. This disclosure practice aligns with standard corporate governance protocols for listed entities.

Financial Reporting Timeline

The upcoming board meeting will address financial results for the quarter ended December 31, 2025, representing the third quarter of fiscal year 2026. Additionally, the board will review nine-month cumulative performance, providing comprehensive insights into the company's financial trajectory during the current fiscal year.

The unaudited nature of these results follows standard quarterly reporting practices, with detailed financial statements expected to be released following board approval on February 13, 2026.