Visesh Infotecnics Limited — Board Meeting, 26-05-2025: Outcome of Board Meeting

MPS Infotecnics has announced a board meeting on which they approved the audited consolidated financial results for the quarter and year ended March 31, 2025. The company posted a net loss of Rs. 10.11 Cr for the year on total income of Rs. 44.10 lakh, significantly wider than last year’s loss of Rs. 4.02 Cr. EBITDA took a hit from high depreciation and expenses. Key assets include Rs. 56.44 Cr in software development and Rs. 62.22 Cr in source code inventory with no impairment. Legal disputes linger over a bank balance of Rs. 34.78 Cr. The company is exploring options to revive dormant subsidiaries and appointed Mr. Ram Niwas Sharma as CEO, effective May 21, 2025. Fundraising efforts are ongoing despite compliance-related hurdles.