3i Infotech Limited — Others, 29-01-2025: Appointment

3i Infotech Limited has announced a board meeting outcome, approving its financial results for the quarter and nine months ended December 31, 2024. The company reported a total income of ₹185.49 crore and a loss before tax of ₹41.85 crore. Key management changes include the appointment of Mr. Vaibhav Somani as Acting Chief Financial Officer and Mr. Navneesh Sarin as Senior Management Personnel. Additionally, 3i Infotech has initiated voluntary liquidation of its subsidiaries in Saudi Arabia and Singapore, signaling a strategic move to streamline operations. Investors may view these developments as a cautious step towards addressing financial challenges and improving long-term stability.