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Adroit Infotech LimitedBoard Meeting, 22-07-2025: Outcome of Board Meeting

22-07-2025 | 07:53 pm

Adroit Infotech's Board has approved the consolidated financial results for the quarter ending June 30, 2025. Total income stood at ₹10.47 Cr, with a profit of ₹0.84 Cr. A key strategic decision includes the approval to close its 100% wholly-owned foreign subsidiary, Adroit Infotech US Inc. The Board also appointed Mr. Srinivas Rangnath Parankusam and Mr. Jammula Venkata Raja Sekhar Reddy as Additional Directors, while accepting the resignations of Mr. Rajashekar Reddy Sunkireddy and Mr. Patlola Venkata Lakshma Reddy. Furthermore, key Board committees, including a Rights Issue Committee, were reconstituted, signaling potential future capital raising plans.

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