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

MPS Infotecnics announced a board meeting where it approved the consolidated financial results for the quarter ended June 30, 2025. The company reported a loss of ₹0.94 Cr, with total revenue at ₹0.10 Cr.

The Board has appointed Mr. Ram Niwas Sharma as CEO and Mr. Atul Srivastava as a Non-Executive, Non-Independent Director, addressing past board composition issues. Auditors highlighted concerns regarding impairment provisions for intangible assets, recoverability of large loans and advances, and insufficient provisions for overdue sundry debtors. The company faces significant financial liabilities, including unpaid ROC fees, income tax, SEBI penalties (leading to frozen bank accounts), listing fees, and custodial charges, which have also resulted in frozen promoter demat accounts and blocked shareholder data. The company is actively responding to ongoing delisting notices from both NSE and BSE.