ITI Limited — Board Meeting, 13-08-2025: Outcome of Board Meeting

ITI Limited has announced the outcome of its board meeting, approving the consolidated financial results for the quarter ended June 30, 2025. The company reported a net loss of Rs 63.61 crore on revenue of Rs 511.05 crore. Strategically, the ASCON Phase IV project for the Ministry of Defence, valued at Rs 8,280.36 crore, has its Proof of Concept (PoC) progressing, with a key issue now resolved. The company maintains a strong order book of Rs 19,158 crore, which management views as crucial for its continuity, supported by the government. Importantly, auditors issued a disclaimer on the financials due to unquantified issues, including corporate governance concerns.