ALPHA TRIBE

Infronics Systems LtdResults, 14-08-2025: Result

14-08-2025 | 08:18 pm

Infronics Systems' board has approved the financial results for the quarter. A key update addresses an auditor's qualified opinion concerning a contingent liability of approximately ₹12.05 Cr from Mudunuru Limited. The company strongly denies this claim, viewing it as invalid, and has not made any financial provision, classifying it as a contingent liability. Furthermore, management acknowledges prior key engagements have concluded, impacting revenue. However, they are actively developing new technological products, anticipating future business prospects. The financial results were prepared on a going-concern basis, asserting adequate disclosures regarding these matters.

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