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3i Infotech LimitedOthers, 18-08-2025: Shareholders meeting

18-08-2025 | 10:41 pm

3i Infotech has announced its 32nd Annual General Meeting will be held virtually. The company reported a significant financial turnaround, moving from a loss to a profit of 25.35 Cr with EBITDA of 20.94 Cr. Strategic corporate restructuring is underway, including merging several subsidiaries and dissolving others to enhance efficiency. The board also approved a rights issue of up to 100 Cr to fund digital growth and improve working capital. No dividend was declared due to accumulated losses. The company is actively addressing long-standing compliance matters and completed a forensic audit without adverse financial impact. They received recognition as a 'Major Contender' by Everest Group.

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