3i Infotech Limited — Board Meeting, 29-01-2025: Outcome of Board Meeting

The Board of Directors of 3i Infotech Limited has approved the unaudited financial results for the quarter and nine months ending December 31, 2024. The consolidated revenue from operations stood at ₹181.41 Cr for the quarter, while the overall loss before tax was ₹3.46 Cr. The board appointed Mr. Vaibhav Somani as Acting Chief Financial Officer and Mr. Navneesh Sarin as Senior Management Personnel. The company also resolved to initiate voluntary liquidation of its subsidiaries in Saudi Arabia and Singapore, citing that these subsidiaries do not contribute materially to the group’s revenue.