Indo-City Infotech Limited has disclosed a shareholding change following an acquisition by Times Growth Securities Limited under SEBI regulations. The transaction involved the purchase of additional equity shares through open market operations on December 9, 2025.

Share Acquisition Details

Times Growth Securities Limited acquired 4,083 equity shares of Indo-City Infotech through open market purchase. The acquisition represents a modest increase in the investor's stake in the technology company.

Shareholding Position Changes

The acquisition resulted in a change in Times Growth Securities' overall shareholding position in Indo-City Infotech. The investor's stake increased from 4.14% to 4.18% of the company's total equity capital.

Company Capital Structure

Indo-City Infotech Limited maintains a stable equity capital structure with no changes reported in the total share capital following this transaction. The company's equity base remains unchanged at 1,04,00,000 equity shares.

Regulatory Compliance

The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and Regulation 7(2) read with Regulation 6(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015. Times Growth Securities Limited does not belong to the promoter or promoter group category of Indo-City Infotech.

The transaction reflects routine market activity with Times Growth Securities maintaining its position as a non-promoter shareholder in the Mumbai-based technology company. Indo-City Infotech's shares are listed on BSE Limited under scrip code 532100.

Indo-City Infotech Limited has reported a remarkable turnaround in its financial performance for the first quarter. The company's unaudited standalone financial results showcase a significant improvement in both profitability and revenue.

Profit Surge

The Mumbai-based company posted a net profit of Rs 43.61 lakhs for the quarter, marking a substantial recovery from the net loss of Rs 42.25 lakhs reported in the previous quarter. This turnaround represents a positive shift in the company's financial health.

Revenue Growth

Total income for the quarter saw a considerable increase, rising to Rs 71.35 lakhs from Rs 30.85 lakhs in the prior quarter. This growth was primarily driven by a surge in revenue from operations, which reached Rs 64.29 lakhs.

Key Revenue Streams

The company's revenue was primarily composed of two main streams:

1. Interest income: Rs 6.48 lakhs
2. Sale of shares and securities: Rs 57.53 lakhs

The significant contribution from the sale of shares and securities indicates the company's active participation in financial markets during the quarter.

Earnings Per Share

Reflecting the improved performance, the basic and diluted earnings per share (EPS) stood at Rs 0.42 for the quarter.

Board Approval and Disclosure

The board of directors of Indo-City Infotech Limited approved these results at a meeting held on July 25. The meeting, which commenced at 5:15 PM and concluded at 7:45 PM, also saw the approval of the unaudited Standalone Financial Results along with the Limited Audit Review from the company's statutory auditors.

Capital Structure

The company's paid-up equity share capital remains unchanged at Rs 1,040.00 lakhs, with shares having a face value of Rs 10 each.

Auditor's Review

A S A T & Associates, the company's statutory auditors, conducted a limited review of the financial results. They reported that nothing has come to their attention that causes them to believe that the financial statements are not prepared in accordance with applicable accounting standards and RBI guidelines.

The positive first-quarter results mark a promising start for Indo-City Infotech Limited, indicating a potential for sustained growth if the company maintains its current trajectory.