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Infinity Infoway Limited Interim / Quarterly Report 2026
60472_rns_2026-05-04_38005291-20f4-4271-85a1-5d23018a582a.pdf
Interim / Quarterly Report
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A National Award Winner
INFINITY
INFINITY FOR INFINITE SOLUTIONS
Date: 04.05.2026
To,
The Manager (Listing Department)
BSE Limited,
1st Floor, New Trading Ring,
P.J. Tower, Dalal Street, Fort
Mumbai – 400 001.
(BSE Scrip Code: 544567)
Dear Sir/Madam,
Subject: Resubmission of Financial Results for the period ended 31st March, 2026 – Correction in EPS Disclosure
With reference to the Financial Results submitted by the Company today i.e., 04th May, 2026 at 12:06 PM under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that a clerical error was identified in the disclosure of Earnings Per Share (EPS).
In this regard, the Company is hereby resubmitting the Financial Results with corrected EPS figures. The details are as follows:
- The EPS figures were inadvertently misclassified in the earlier submission.
- The corrected EPS figures are:
| Particulars | Annual EPS | Half-Yearly EPS |
|---|---|---|
| Basic EPS | 15.11 | 7.88 |
| Diluted EPS | 15.03 | 7.80 |
- There is no change in any other financial figures reported earlier.
- The correction is limited only to EPS in the consolidated financial results.
- The Company is in the process of filing XBRL and the correct EPS figures are being duly reported therein.
The error was purely inadvertent and clerical in nature. Accordingly, we are enclosing herewith the Revised Financial Results for the period ended 31st March, 2026.
request you to kindly take the same on record and replace the earlier submitted results with the attached revised version.
INFINITY INFOWAY LIMITED
(Formerly known as INFINITY INFOWAY PRIVATE LIMITED)
Corporate Office:
GST No.: 24AACCI4655A1Z1
CIN No.: U72900GJ2008PLC054170
"Infinity", Vishwakarma Society, Near Vavdi Water Tank, Tel.: +91 281 2587514
150 Feet Ring Road, Rajkot - 360 004. (Gujarat) INDIA.
E-mail: [email protected]
Web: www.infinityinfoway.com
ERP & CRM Solutions | Business Analytics | Travel Booking Engine | Cloud/IT Infrastructure Management | Web & Software Development | Payment Gateway Solutions | SEO & Online Marketing
An ISO 9001:2015, ISO 27001:2013 & CMMI Level-3 Certified Company
A National Award Winner
INFINITY
INFINITY FOR INFINITE SOLUTIONS
You are kindly requested to take the same on record.
Thanking You,
Yours Faithfully,
For, INFINITY INFOWAY LIMITED
Gadhethriya
Bhaveshkumar
Digitally signed by
Gadhethriya Bhaveshkumar
Date: 2026.05.04 17:51:14
+05'30"
Bhaveshkumar Dhirajlal Gadhethriya
Managing Director
Din:01453088
INFINITY INFOWAY LIMITED
(Formerly known as INFINITY INFOWAY PRIVATE LIMITED)
Corporate Office:
GST No.: 24AACCI4655A1Z1
CIN No.: U72900GJ2008PLC054170
"Infinity", Vishwakarma Society, Near Vavdi Water Tank, Tel.: +91 281 2587514
150 Feet Ring Road, Rajkot - 360 004. (Gujarat) INDIA.
E-mail: [email protected]
Web: www.infinityinfoway.com
ERP & CRM Solutions | Business Analytics | Travel Booking Engine | Cloud/IT Infrastructure Management | Web & Software Development | Payment Gateway Solutions | SEO & Online Marketing
An ISO 9001:2015, ISO 27001:2013 & CMMI Level-3 Certified Company
INFINITY
Date: 04.05.2026
To,
The Manager (Listing Department)
BSE Limited,
1st Floor, New Trading Ring,
P.J. Tower, Dalal Street, Fort
Mumbai – 400 001.
(BSE Scrip Code: 544567)
Dear Sir/Madam,
Subject: Outcome of Board Meeting held on 04th May, 2026 at 11:05 A.M.
Pursuant to Regulation 30 and Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("SEBI Listing Regulations"), we wish to inform you that the meeting of the Board of Directors of the Company was held on Monday, May 04, 2026, at 11:05 A.M. through Video Conferencing ("VC") / Other Audio-Visual Means ("OAVM") via Google Meet. The Board, inter alia, considered, approved and took on record the following matters:
-
Audited Financial Results
The Board considered and approved the Audited Standalone and Consolidated Financial Results of the Company for the quarter and financial year ended March 31, 2026, together with the Audit Reports issued by the Statutory Auditors thereon with an unmodified opinion. -
Appointment of Internal Auditor
The Board, based on the recommendation of the Audit Committee, approved the appointment of M/s. D J Rupareliya & Company Chartered Accountants, as the Internal Auditor of the Company for the Financial Year 2026-27, pursuant to the provisions of Section 138 of the Companies Act, 2013 and the rules made thereunder. -
Business Updates and Strategic Expansion
The Board took note of the business update presented by Mr. Bhavesh Gadhethriya, Managing Director of the Company, regarding the Company's ongoing growth and expansion initiatives. The Board was apprised of the launch of the Company's flagship "ZeroTouch DaaS" solution at Jaipur on May 15, 2026, and noted the encouraging response received. The Board further reviewed the roadmap for similar launches in other strategically important markets, including Bhopal, Ahmedabad, Mumbai, and Rajkot. In addition, the Board deliberated on the Company's marketing and business development strategy, with a focus on enhancing brand presence through participation in key industry exhibitions and trade events.
The Board took note of the Company's upcoming participation in Expo, Jaipur, scheduled to be held on 16th–17th May, which is expected to strengthen brand visibility, improve customer engagement, and support market expansion initiatives.
INFINITY INFOWAY LIMITED
(Formerly known as INFINITY INFOWAY PRIVATE LIMITED)
Corporate Office:
"Infinity", Vishwakarma Society, Near Vavdi Water Tank, Tel.: +91 281 2587514
150 Feet Ring Road, Rajkot - 360 004. (Gujarat) INDIA.
E-mail: [email protected]
Web: www.infinityinfoway.com
GRP & CRM Solutions | Business Analytics | Travel Booking Engine | Cloud/IT Infrastructure Management | Web & Software Development | Payment Gateway Solutions | SEO & Online Marketing
INFINITY
The meeting of the Board of Directors commenced at 11:05 A.M. and concluded at 11:40 A.M.
The details required under Regulation 30 of the SEBI Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, are enclosed herewith as Annexure-A.
Kindly take the above information on your records.
You are kindly requested to take the same on record.
Thanking You,
Yours Faithfully,
For, INFINITY INFOWAY LIMITED
Bhaveshkumar Dhirajlal Gadhethriya
Managing Director
Din:01453088
Enclosed
1. Audited Standalone Financial result
2. Audited Consolidated financial Result
3. Limited Review Report of Standalone and Consolidated financial Result
4. Utilization of Fund by CA Certification
5. Declaration of Unmodified Opinion
6. Certificate of Correctness by MD & CFO
7. MD & CFO Certification
INFINITY INFOWAY LIMITED
(Formerly known as INFINITY INFOWAY PRIVATE LIMITED)
Corporate Office:
GST No.: 24AACCI4655A1Z1
CIN No.: U72900GJ2008PLC054170
"Infinity", Vishwakarma Society, Near Vavdi Water Tank, Tel.: +91 281 2587514 | 150 Feet Ring Road, Rajkot - 360 004. (Gujarat) INDIA.
E-mail: [email protected]
Web: www.infinityinfoway.com
INFINITY
Annexure-1
Disclosure of Information pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015 read with Schedule III of SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015
| 1. | Firm Name | D J RUPARELIYA & COMPANY |
|---|---|---|
| 2. | Firm Registration No./Membership No. | FRN: 130692W |
| 3. | Details of Appointment | Appointment of Internal Auditor |
| 4. | Reason for change viz. appointment, resignation, removal, death or otherwise; | Appointment |
| 5. | Brief Profile (in case of appointment); | D J Rupareliya & Company Chartered Accountants Rajkot, Gujarat |
About the Firm
D J Rupareliya & Company is a professionally managed Chartered Accountants firm based in Rajkot, Gujarat, since 2010 committed to delivering high-quality financial, taxation, and advisory services to a diverse clientele. Built on the principles of integrity, professional excellence, and client-centric service, the firm has earned a reputation for reliability and technical expertise across the Saurashtra region.
The firm caters to a wide spectrum of clients including small and medium enterprises (SMEs), corporates, partnership firms, proprietorships, trusts, and individuals, providing tailored solutions that address both compliance requirements and strategic business needs.
Core Service Areas
The firm offers a comprehensive suite of professional services, including:
• Audit & Assurance — Statutory audit, tax audit, internal audit, stock audit, bank audit, and concurrent audit services
• Direct Taxation — Income tax planning, return filing, assessment representation, TDS compliance, and appellate matters
• Indirect Taxation — GST registration, return filing, GST audits, advisory, and litigation support
• Advisory Services — Business restructuring, project financing, due diligence, and management consultancy
Approach & Values
The firm follows a partner-led service model, ensuring personalised attention and a deep understanding of each client's business. Drawing on contemporary technology, regulatory awareness, and continuous professional development, D J Rupareliya & Company aims to be a trusted long-term partner in its clients' growth journeys. |
Corporate Office:
GST No.: 24AACCI4655A1Z1
CIN No.: U72900GJ2008PLC054170
"Infinity", Vishwakarma Society, Near Vavdi Water Tank, Tel.: +91 281 2587514
150 Feet Ring Road, Rajkot - 360 004. (Gujarat) INDIA.
E-mail: [email protected]
Web: www.infinityinfoway.com
INFINITY
INFINITY FOR INFINITE SOLUTIONS
| 6. | Date of appointment/cessation (as applicable) & terms of appointment | 04.05.2026 |
|---|---|---|
| 7. | Disclosure of Relationship between Directors | NA |
INFINITY INFOWAY LIMITED
(Formerly known as INFINITY INFOWAY PRIVATE LIMITED)
Corporate Office:
"Infinity", Vishwakarma Society, Near Vavdi Water Tank, Tel.: +91 281 2587514
150 Feet Ring Road, Rajkot - 360 004. (Gujarat) INDIA.
E-mail: [email protected]
Web: www.infinityinfoway.com
GRP & CRM Solutions | Business Analytics | Travel Booking Engine | Cloud/IT Infrastructure Management | Web & Software Development | Payment Gateway Solutions | SEO & Online Marketing
INFINITY INFOWAY LIMITED
(FORMERLY KNOWN AS INFINITY INFOWAY PRIVATE LIMITED)
CIN: L72900G12008PLC054170
P-9, Nr. Water Tank, Visvakarma Society, Mavadi Chokdi, Rajkot, Rajkot, Gujarat, India, 360004
Statement of Audited Standalone Profit and Loss for the half year ended and year ended 31st, March 2026
| Sr No. | Particulars | Half Year ended | Year ended | |||
|---|---|---|---|---|---|---|
| 31-03-26 | 30-09-25 | 31-03-2025 | 31-03-2026 | 31-03-2025 | ||
| Audited | Un-Audited | Audited | Audited | Audited | ||
| I | Income | |||||
| II | Revenue from operations | 1,561.79 | 815.24 | 659.77 | 2,377.03 | 1,319.23 |
| III | Other income | 52.79 | 16.51 | 19.87 | 69.30 | 29.26 |
| IV | Total Income(II+III) | 1,614.58 | 831.75 | 679.64 | 2,446.33 | 1,348.49 |
| V | Expenses | |||||
| a) Cost of Service Consumed | 88.43 | 98.35 | 40.12 | 186.78 | 146.96 | |
| b) Purchase Of Stock In Trade | 277.98 | - | - | 277.98 | - | |
| c) Employee Benefit Expenses | 340.10 | 206.15 | 169.36 | 546.25 | 342.91 | |
| d) Finance costs | 4.38 | 1.61 | 1.35 | 5.99 | 3.04 | |
| e) Depreciation and amortization expense | 58.80 | 27.47 | 50.96 | 86.27 | 78.27 | |
| f) Other Expenses | 257.14 | 121.14 | 144.89 | 378.28 | 213.30 | |
| Total Expenses | 1,026.83 | 454.72 | 406.68 | 1,481.55 | 784.48 | |
| VI | Profit Before Tax before Exceptional Items and Tax (PBT) (IV-V) | 587.75 | 377.03 | 272.96 | 964.78 | 564.01 |
| VII | Exceptional Items/Prior Period Items | - | - | - | - | - |
| VIII | Profit Before Tax before Exceptions Items and Tax (PBT) (VI-VII) | 587.75 | 377.03 | 272.96 | 964.78 | 564.01 |
| IX | Tax Expense | |||||
| a) Current tax | 145.61 | 98.62 | 69.08 | 244.23 | 147.61 | |
| b) Deferred tax | 11.66 | (1.72) | 1.13 | 9.94 | (2.75) | |
| c) Excess/short provision relating earlier year tax | 9.46 | - | (19.19) | 9.46 | (19.19) | |
| Total Tax Expenses | 166.73 | 96.90 | 51.02 | 263.63 | 125.67 | |
| X | Profit After Tax (PAT) (VIII-IX) | 421.02 | 280.13 | 221.94 | 701.15 | 438.34 |
| XI | Other Comprehensive Income / (Expense) | |||||
| a) Items that will not be reclassified to Profit & Loss | (1.15) | 1.50 | 2.73 | 0.35 | (2.57) | |
| Income tax in respect of above | 0.29 | (0.38) | (0.68) | (0.09) | 0.65 | |
| b) Items that may be reclassified to Profit & Loss | ||||||
| Income tax in respect of above | ||||||
| Total Other Comprehensive Income | (0.86) | 1.12 | 2.05 | 0.26 | (1.92) | |
| XII | Total Comprehensive Income for the Year (X+XI) | 420.16 | 281.25 | 223.99 | 701.41 | 436.42 |
| XIII | Earnings per equity share of Rs. 10/- each (in Rs.) | |||||
| a) Basic | 7.88 | 7.23 | 5.96 | 15.11 | 11.77 | |
| b) Diluted | 7.80 | 7.23 | 5.96 | 15.03 | 11.77 |
INFINITY INFOWAY LIMITED
(FORMERLY KNOWN AS INFINITY INFOWAY PRIVATE LIMITED)
CIN: L72900GJ2008PLC054170
P-9, Nr. Water Tank, Visvakarma Society, Mavadi Chokdi, Rajkot, Rajkot, Gujarat, India, 360004
Statement of Audited Standalone Profit and Loss for the half year ended and year ended 31st, March 2026
Notes for Financial Results
-
The above audited Standalone Financial Results are prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standards 34 (Ind AS 34) on Interim Financial Reporting prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standard) Rules, 2015 as amended from time to time and other recognized accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the SEBI (LODR) Regulations, 2015 (as amended).
-
The above Audited standalone financial results of Infinity Infoway Limited (the Company) for the half year ended 31st March, 2026 were reviewed and recommended by the audit committee and approved by the Board of Directors, at their respective meeting held on 4th May, 2026. These results have been audited by the Statutory Auditors of the Company in terms of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015 (LODR) (as amended).
-
The Company is engaged in providing customized and integrated online ERP Software for industries like manufacturing, education, retail and construction etc. they provide their services in various modules like supply chain management (SCM), customer relationship management (CRM) and many more.
-
The management is in process of identifying parties which are covered under MSME. The amount relating to MSME are disclosed to the extent identified.
-
Previous year/period figure have been regrouped/rearranged/recasted/recrified wherever necessary, to make them comparable with the figures of the current period.
-
The Figure for the half year ended 31st March '26 are balancing figures between the audited figures in respect of full financial year and the audited figures up to six months ended 30th September, '25.
-
During the year ended March 31, 2026, the shareholders of the Company approved the implementation of the "Infinity ESOP Scheme 2025" and the grant of stock options to eligible employees of the Company and its group companies, in accordance with the applicable provisions of the Companies Act, 2013 and the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The requisite resolutions were duly passed with the requisite approval of the shareholders. The Company shall account for the said stock options in accordance with the applicable accounting standards, regulatory requirements and the accounting policies adopted by the Company.
-
The Proceeds From IPO Net Off Issue Expense is Rs. 2,200.86 Lakhs And Utilisation of the same is as follows:
| Particulars | Planned as per Prospectus | Utilization upto 31st March '26 | Balance as at 31st March '26 |
|---|---|---|---|
| Development of Proprietary Technology Solution called "ZEROTOUCH DaaS" (Device as a Service) "Proposed Project") | 375.00 | 375.00 | - |
| Purchase of new IT Infrastructure and Certification | 260.56 | 260.56 | - |
| Funding of Tender Deposits and Earnest Money Deposits (EMD) towards Tenders | 400.00 | 100.00 | 300.00 |
| Funding the incremental Working Capital Requirements of our Company | 858.00 | 373.71 | 484.29 |
| General corporate purposes | 307.30 | - | 307.30 |
| Total | 2,200.86 | 1,109.27 | 1,091.59 |
- The status of Investor's complaints during the half year ended 31st March, 2026 as under:-
| Complaints pending at the beginning of the period | Nil |
|---|---|
| Complaints received during the period | Nil |
| Complaints disposed of during the period | Nil |
| Complaints unresolved at the end of the period | Nil |
For, Infinity Infoway Limited,
Date :- 4th May,2026
Place :- Rajkot
INFINITY INFOWAY LIMITED
(FORMERLY KNOWN AS INFINITY INFOWAY PRIVATE LIMITED)
CIN: L72900GJ2008PLC054170
P-9, Nr. Water Tank, Visvakarma Society, Mavadi Chokdi, Rajkot, Rajkot, Gujarat, India, 360004
Audited Standalone Balance Sheet As At 31st, March 2026
(Amount in Lakhs)
| Sr No. | Particulars | Figures As At 31-03-2026
Audited | Figures As At 31-03-2025
Audited |
| --- | --- | --- | --- |
| I | ASSETS | | |
| A | Non-Current Assets | | |
| | a) Property Plant & Equipments | 187.07 | 74.28 |
| | b) Right Of Use Of Asset | 49.81 | - |
| | c) Intangible Assets | 229.12 | 237.03 |
| | d) Intangible Assets under Development | 815.56 | 0.95 |
| | e) Financial Assets | | |
| | - Investments | 33.32 | 20.50 |
| | - Other Financial Assets | 250.75 | 92.74 |
| | f) Deferred Tax Assets (Net) | 10.60 | 20.62 |
| | Total Non-Current Assets | 1,576.23 | 446.12 |
| B | Current Assets | | |
| | a) Financial Assets | | |
| | - Trade receivables | 911.00 | 568.65 |
| | - Cash and cash equivalents | 1,113.78 | 382.71 |
| | - Other Bank Balances | 539.07 | 29.59 |
| | - Loans | 200.49 | 2.32 |
| | - Other Financial Assets | 35.10 | 18.32 |
| | b) Other Current Assets | 11.03 | 44.96 |
| | c) Other Tax Assets (Net) | 26.13 | - |
| | Total Current Assets | 2,836.60 | 1,046.55 |
| | TOTAL ASSETS | 4,412.83 | 1,492.67 |
| II | EQUITY AND LIABILITIES | | |
| 1 | EQUITY | | |
| | a) Equity Share capital | 545.30 | 387.70 |
| | b) Other Equity | 3,640.88 | 916.90 |
| | Total Equity | 4,186.18 | 1,304.60 |
| | Share Application Money Pending Allotment | - | - |
| 2 | LIABILITIES | | |
| A | Non-Current Liabilities | | |
| | a) Financial Liabilities | - | - |
| | - Long term Borrowings | - | 11.04 |
| | - Long Term Lease Liabilities | 44.81 | - |
| | b) Provisions | 85.06 | 56.85 |
| | Total Non-Current Liabilities | 129.87 | 67.89 |
INFINITY INFOWAY LIMITED
(FORMERLY KNOWN AS INFINITY INFOWAY PRIVATE LIMITED)
CIN: L72900GJ2008PLC054170
P-9, Nr. Water Tank, Visvakarma Society, Mavadi Chokdi, Rajkot, Rajkot, Gujarat, India, 360004
Audited Standalone Balance Sheet As At 31st, March 2026
(Amount in Lakhs)
| Sr No. | Particulars | Figures As At
31-03-2026
Audited | Figures As At
31-03-2025
Audited |
| --- | --- | --- | --- |
| B | Current Liabilities | | |
| | a) Financial Liabilities | | |
| | - Short term Borrowings | - | 11.52 |
| | - Short Term Lease Liabilities | 7.78 | - |
| | - Trade payables | | |
| | (i) Total outstanding dues of other than Micro Enterprise and Small Enterprises | 1.04 | 0.73 |
| | (ii) Total outstanding dues of Micro Enterprise and Small Enterprises | 6.09 | 1.67 |
| | b) Provisions | 81.79 | 103.00 |
| | c) Other Current Liabilities | 0.08 | 0.96 |
| | d) Current Tax Liabilities (Net) | - | 2.30 |
| | Total Current Liabilities | 96.78 | 120.18 |
| | Total Liabilities | 226.65 | 188.07 |
| | TOTAL EQUITY & LIABILITIES | 4,412.83 | 1,492.67 |
For, Infinity Infoway Limited,
Date: 4th May, 2026
Place: Rajkot
Bhaveshkumar Gadhethriya
(Managing Director)
(DIN: 01453088)
INFINITY INFOWAY LIMITED
(FORMERLY KNOWN AS INFINITY INFOWAY PRIVATE LIMITED)
CIN: L72900GJ2008PLC054170
P-9, Nr. Water Tank, Visvakarma Society, Mavadi Chokdi, Rajkot, Rajkot, Gujarat, India, 360004
Audited Standalone Cash Flow Statement for the Year Ended 31st March '26
| Particulars | For The Year Ended | |
|---|---|---|
| 31-03-2026 | 31-03-2025 | |
| Audited | Audited | |
| CASH FLOW FROM OPERATING ACTIVITIES | ||
| Net profit Before Tax and Extraordinary Iteams | 964.78 | 564.01 |
| Adjustments for: | ||
| Depreciation | 86.27 | 78.27 |
| Stock Compensation Expenses | 65.59 | 0.00 |
| Interest Received | (36.69) | (8.74) |
| Provision for Gratuity | 21.45 | 17.13 |
| Interest and finance Charges | 5.99 | 3.04 |
| Loss on Sales of Assets | 0.09 | |
| Other Adjustments | 0.35 | 16.62 |
| Operating Profit before working capital changes | 1107.83 | 670.33 |
| Adjustment for: | ||
| Decrease/(Increase) in Trade receivables | (342.35) | (166.69) |
| Decrease/(Increase) in Short-term loans and advances | (198.17) | (2.32) |
| Decrease/(Increase) in Other Current financial Asset | (16.78) | (0.33) |
| Decrease/(Increase) in Other Current Asset | 33.93 | (20.62) |
| (Decrease)/Increase in Trade Payables | 4.73 | (42.27) |
| (Decrease)/Increase in Other Current Liabilities | (0.88) | 0.01 |
| (Decrease)/Increase in Short Term Provisions | (21.21) | 20.54 |
| (Decrease)/Increase in long Term Provisions | 6.75 | (0.15) |
| Cash Generated from Operations | 573.85 | 458.50 |
| Taxes Paid (Net of TDS/Advance Tax) | (282.12) | (218.79) |
| Net Cash From /(Used In ) Operating Activities (A) | 291.73 | 239.71 |
| Cash Flow From Investing Activities | ||
| Purchase of Property Plant and Equipment/Intangible Assets under Development | (999.27) | (256.97) |
| Decrease/(Increase) in Right of use of Asset | (56.39) | |
| Purchase of Investment | (12.82) | (10.00) |
| Decrease/(Increase) in Other Non current Financial Asset | (158.01) | (33.75) |
| Decrease/(Increase) in Bank Balances | (509.48) | 8.14 |
| Interest Received | 36.69 | 8.74 |
| Net Cash From /(Used In ) Investing Activities (B) | (1699.28) | (283.84) |
Audited Standalone Cash Flow Statement for the Year Ended 31st March '26
| Particulars | For The Year Ended | |
|---|---|---|
| 31-03-2026 | 31-03-2025 | |
| Audited | Audited | |
| Cash Flow From Financing Activities | ||
| Proceeds from Issue of shares | 157.60 | 26.70 |
| Proceeds from Security Premium | 1956.98 | 320.40 |
| Interest and Finance Charges | (5.99) | (3.04) |
| Repayment of Long Term Borrowing | (11.04) | (11.18) |
| (Decrease) / Increase of Short Term Borrowing | (11.52) | (14.25) |
| (Decrease) / Increase in Short term lease liability | 7.78 | 0.00 |
| (Decrease) / Increase in Long term lease liability | 44.81 | 0.00 |
| Net Cash From Financing Activities (c) | 2138.62 | 318.63 |
| Net Increase / (Decrease) in Cash (A)+(B)+(C) | 731.07 | 274.50 |
| Cash and Cash equivalents at the beginning of the year | 382.71 | 108.21 |
| Cash and Cash equivalents at the end of the year | 1,113.78 | 382.71 |
Notes:
1) Reconciliation of Cash and Cash Equivalents with the Balance Sheet: Cash and Cash Equivalents includes
| Cash in Hand | 10.84 | 5.15 |
|---|---|---|
| Bank Balance | ||
| In Current/OverDraft Accounts | 353.93 | 117.40 |
| In Deposit Accounts (maturity within 3 months from reporting date) | 749.01 | 260.16 |
| Total | 1,113.78 | 382.71 |
2) The Standalone statement of cash flows has been prepared in accordance with the Indirect method as set out in the Indian Accounting Standard (Ind AS) - 7 - 'Statement of Cash Flows'.
Bhaveshkumar Gadhethriya
(Managing Director)
(DIN: 01453088)
Date :- 4th May,2026
Place :- Rajkot
Statement of Audited Consolidated Profit and Loss for the half year ended and year ended 31st, March 2026
| Sr No. | Particulars | Half Year ended | (Amount in Lakhs) | |||
|---|---|---|---|---|---|---|
| 31-03-26 | 30-09-25 | 31-03-2025 | 31-03-2026 | 31-03-2025 | ||
| Audited | Un-Audited | Audited | Audited | Audited | ||
| I | Income | |||||
| II | Revenue from operations | 1,561.79 | 815.24 | 659.77 | 2,377.03 | 1,319.23 |
| III | Other income | 52.79 | 16.51 | 19.87 | 69.30 | 29.26 |
| IV | Total Income(II+III) | 1,614.58 | 831.75 | 679.64 | 2,446.33 | 1,348.49 |
| V | Expenses | |||||
| a) Cost of Service Consumed | 88.43 | 98.35 | 40.12 | 186.78 | 146.96 | |
| b) Purchase Of Stock In Trade | 277.98 | - | - | 277.98 | - | |
| c) Employee Benefit Expenses | 340.10 | 206.15 | 169.36 | 546.25 | 342.91 | |
| d) Finance costs | 4.38 | 1.61 | 1.35 | 5.99 | 3.04 | |
| e) Depreciation and amortization expense | 58.80 | 27.47 | 50.96 | 86.27 | 78.27 | |
| f) Other Expenses | 257.14 | 121.14 | 144.89 | 378.28 | 213.30 | |
| Total Expenses | 1,026.83 | 454.72 | 406.68 | 1,481.55 | 784.48 | |
| VI | Profit Before Tax before Exceptional Items and Tax (PBT) (IV-V) | 587.75 | 377.03 | 272.96 | 964.78 | 564.01 |
| VII | Exceptional Items/Prior period Items | - | - | - | - | - |
| VIII | Profit Before Tax before Exceptions Items and Tax (PBT) (VI-VII) | 587.75 | 377.03 | 272.96 | 964.78 | 564.01 |
| IX | Tax Expense | |||||
| a) Current tax | 145.61 | 98.62 | 69.08 | 244.23 | 147.61 | |
| b) Deferred tax | 11.66 | (1.72) | 1.13 | 9.94 | (2.75) | |
| c) Excess/short provision relating earlier year tax | 9.46 | - | (19.19) | 9.46 | (19.19) | |
| Total Tax Expenses | 166.73 | 96.90 | 51.02 | 263.63 | 125.67 | |
| X | Profit After Tax (PAT) (VIII-IX) | 421.02 | 280.13 | 221.94 | 701.15 | 438.34 |
| XI | Other Comprehensive Income / (Expense) | |||||
| a) Items that will not be reclassified to Profit & Loss | (1.15) | 1.50 | 2.73 | 0.35 | (2.57) | |
| Income tax in respect of above | 0.29 | (0.38) | (0.68) | (0.09) | 0.65 | |
| b) Items that may be reclassified to Profit & Loss | ||||||
| Income tax in respect of above | ||||||
| Total Other Comprehensive Income | (0.86) | 1.12 | 2.05 | 0.26 | (1.92) | |
| XII | Total Comprehensive Income for the Year (X+XI) | 420.16 | 281.25 | 223.99 | 701.41 | 436.42 |
| Net Profit After Tax attributable to: | ||||||
| a) Owner of the Company | 421.02 | 280.13 | 221.94 | 701.15 | 438.34 | |
| b) Non Controlling Interest | ||||||
| 421.02 | 280.13 | 221.94 | 701.15 | 438.34 | ||
| Other comprehensive (loss)/Income attributable to: | ||||||
| a) Owner of the Company | (0.86) | 1.12 | 2.05 | 0.26 | (1.92) | |
| b) Non Controlling Interest | ||||||
| (0.86) | 1.12 | 2.05 | 0.26 | (1.92) | ||
| Total comprehensive income/(loss) for the year attributable to:- | ||||||
| a) Owner of the Company | 420.16 | 281.25 | 223.99 | 701.41 | 436.42 | |
| b) Non Controlling Interest | ||||||
| 420.16 | 281.25 | 223.99 | 701.41 | 436.42 | ||
| XIII | Earnings per equity share of Rs. 10/- each (in Rs.) | |||||
| a) Basic | 7.88 | 7.23 | 5.96 | 15.11 | 11.77 | |
| b) Diluted | 7.80 | 7.23 | 5.96 | 15.03 | 11.77 |
INFINITY INFOWAY LIMITED
(FORMERLY KNOWN AS INFINITY INFOWAY PRIVATE LIMITED)
CIN: L72900GJ2008PLC054170
P-9, Nr. Water Tank, Visvakarma Society, Mavadi Chokdi, Rajkot, Rajkot, Gujarat, India, 360004
Statement of Audited Consolidated Profit and Loss for the half year ended and year ended 31st, March 2026
Notes for Financial Results
-
The above audited Consolidated Financial Results are prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standards 34 (Ind AS 34) on Interim Financial Reporting prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standard) Rules, 2015 as amended from time to time and other recognised accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the SEBI (LODR) Regulations, 2015 (as amended).
-
The above Audited Consolidated financial results of Infinity Infoway Limited (the Company) for the half year ended 31st March, 2026 were reviewed and recommended by the audit committee and approved by the Board of Directors, at their respective meeting held on 4th May, 2026. These results have been audited by the Statutory Auditors of the Company in terms of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015 (LODR) (as amended).
-
The Company is engaged in providing customized and integrated online ERP Software for industries like manufacturing, education, retail and construction etc. they provide their services in various modules like supply chain management (SCM), customer relationship management (CRM) and many more.
-
The management is in process of identifying parties which are covered under MSME. The amount relating to MSME are disclosed to the extent identified.
-
Previous year/period figure have been regrouped/rearranged/recasted/recrified wherever necessary, to make them comparable with the figures of the current period.
-
The Figure for the half year ended 31st March '26 are balancing figures between the audited figures in respect of full financial year and the audited figures up to six months ended 30th September, '25.
-
During the year ended March 31, 2026, the shareholders of the Company approved the implementation of the "Infinity ESOP Scheme 2025" and the grant of stock options to eligible employees of the Company and its group companies, in accordance with the applicable provisions of the Companies Act, 2013 and the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The requisite resolutions were duly passed with the requisite approval of the shareholders. The Company shall account for the said stock options in accordance with the applicable accounting standards, regulatory requirements and the accounting policies adopted by the Company.
-
The Proceeds From IPO Net Off Issue Expense Is Rs. 2,200.86 Lakhs And Utilisation of the same is as follows :
| Particulars | Planned as per Prospectus | Utilization upto 31st March '26 | Balance as at 31st March '26 |
|---|---|---|---|
| Development of Proprietary Technology Solution called "ZEROTOUCH DaaS" (Device as a Service) "Proposed | 375.00 | 375.00 | - |
| Purchase of new IT Infrastructure and Certification | 260.56 | 260.56 | - |
| Funding of Tender Deposits and Earnest Money Deposits (EMD) towards Tenders | 400.00 | 100.00 | 300.00 |
| Funding the incremental Working Capital Requirements of our Company | 858.00 | 373.71 | 484.29 |
| General corporate purposes | 307.30 | - | 307.30 |
| Total | 2,200.86 | 1,109.27 | 1,091.59 |
- Following subsidiary company/entity, associate and jointly controlled entities have been considered in the preparation of the consolidated financial statement: Following subsidiary company/entity, associate and jointly controlled entities have been considered in the preparation of the consolidated financial statement:
| Name of the Company | Relationship | Country of Incorporation | % Holding and voting power either directly or indirectly through subsidiary (As at 31st March, '26) |
|---|---|---|---|
| Infinity Transsoft Solution Pvt. Ltd. | Associate | India | 49.42% |
- The status of investor's complaints during the half year ended 31st March, 2026 as under:-
| Complaints pending at the beginning of the period | Nil |
|---|---|
| Complaints received during the period | Nil |
| Complaints disposed of during the period | Nil |
| Complaints unresolved at the end of the period | Nil |
| Sr No. | Particulars | Figures As At | Figures As At |
|---|---|---|---|
| 31/03/2026 | |||
| Audited | 31/03/2025 | ||
| Audited | |||
| I | ASSETS | ||
| A | Non-Current Assets | ||
| a) Property Plant & Equipments | 187.07 | 74.28 | |
| b) Right Of Use Of Asset | 49.81 | - | |
| c) Intangible Assets | 229.12 | 237.03 | |
| d) Intangible Assets under Development | 815.56 | 0.95 | |
| e) Financial Assets | - | - | |
| - Investments | 32.82 | 20.00 | |
| - Other Financial Assets | 250.75 | 92.74 | |
| f) Deferred Tax Assets (Net) | 10.60 | 20.62 | |
| Total Non-Current Assets | 1,575.73 | 445.62 | |
| B | Current Assets | ||
| a) Financial Assets | |||
| - Trade receivables | 911.00 | 568.65 | |
| - Cash and cash equivalents | 1,113.78 | 382.71 | |
| - Other Bank Balances | 539.07 | 29.59 | |
| - Loans | 200.49 | 2.32 | |
| - Other Financial Assets | 35.10 | 18.32 | |
| b) Other Current Assets | 11.03 | 44.96 | |
| c) Other Tax Assets (Net) | 26.13 | - | |
| Total Current Assets | 2,836.60 | 1,046.55 | |
| TOTAL ASSETS | 4,412.33 | 1,492.17 | |
| II | EQUITY AND LIABILITIES | ||
| 1 | EQUITY | ||
| a) Equity Share capital | 545.30 | 387.70 | |
| b) Other Equity | 3,640.38 | 916.40 | |
| Total Equity | 4,185.68 | 1,304.10 | |
| Share Application Money Pending Allotment | - | - | |
| 2 | LIABILITIES | ||
| A | Non-Current Liabilities | ||
| a) Financial Liabilities | - | - | |
| - Long term Borrowings | - | 11.04 | |
| - Long Term Lease Liabilities | 44.81 | - | |
| b) Provisions | 85.06 | 56.85 | |
| Total Non-Current Liabilities | 129.87 | 67.89 |
Audited Consolidated Balance Sheet As At 31st, March 2026
| Sr No. | Particulars | Figures As At | Figures As At |
|---|---|---|---|
| 31/03/2026 | |||
| Audited | 31/03/2025 | ||
| Audited | |||
| B | Current Liabilities | ||
| a) Financial Liabilities | |||
| - Short term Borrowings | - | 11.52 | |
| - Short Term Lease Liabilities | 7.78 | - | |
| - Trade payables | |||
| (i) Total outstanding dues of other than Micro Enterprise and Small Enterprises | 1.04 | 0.73 | |
| (ii) Total outstanding dues of Micro Enterprise and Small Enterprises | 6.09 | 1.67 | |
| b) Provisions | 81.79 | 103.00 | |
| c) Other Current Liabilities | 0.08 | 0.96 | |
| d) Current Tax Liabilities (Net) | - | 2.30 | |
| Total Current Liabilities | 96.78 | 120.18 | |
| Total Liabilities | 226.65 | 188.07 | |
| TOTAL EQUITY & LIABILITIES | 4,412.33 | 1,492.17 |
Date :- 4th May,2026
Place :- Rajkot
Bhaveshkumar Gadhethriya
(Managing Director)
(DIN: 01453088)
Audited Consolidated Cash Flow Statement for the Year Ended 31st March '26
Audited Consolidated Cash Flow Statement for the Year Ended 31st March '26
Notes:
1) Reconciliation of Cash and Cash Equivalents with the Balance Sheet:
Cash and Cash Equivalents includes
| Cash in Hand | 10.84 | 5.15 |
|---|---|---|
| Bank Balance | ||
| In Current/OverDraft Accounts | 353.93 | 117.40 |
| In Deposit Accounts (maturity within 3 months from reporting date) | 749.01 | 260.16 |
| Total | 1113.78 | 382.71 |
2) The Consolidated statement of cash flows has been prepared in accordance with the Indirect method as set out in the Indian Accounting Standard (Ind AS) - 7 - 'Statement of Cash Flows'.
INFINITY INFINITY FOR INFINITE SOLUTIONS
To,
The Manager (Listing Department)
BSE Limited,
1st Floor, New Trading Ring,
P.J. Tower, Dalal Street, Fort
Mumbai – 400 001.
(BSE Scrip Code:544567)
Subject:: Declaration pursuant to Regulation 33(2) and Regulation 33(3)(d) of SEBI (LODR) Regulations, 2015 regarding Unmodified Audit Opinion on Audited Standalone and Consolidated Financial Results for the Quarter and Year Ended March 31, 2026
Respected Sir/Madam,
Pursuant to Regulation 33(2) and Regulation 33(3)(d) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, we hereby declare that the Statutory Auditors of the Company have issued Audit Reports with unmodified opinions on the Audited Standalone and Consolidated Financial Results of the Company for the quarter and financial year ended March 31, 2026, which were approved by the Board of Directors at its meeting held today, i.e., May 4, 2026.
We further confirm that the aforesaid Audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026 do not contain any false or misleading statement or figures and do not omit any material fact which may render the statements or figures contained therein misleading.
Yours faithfully
Infinity Infoway Limited
Infinity Infoway Limited
"Infinity", Vishwakarma Society, Near Vavdi Water Tank, 150 Feet Ring Road, Rajkot - 360 004. (Gujarat) INDIA.
Tel.: +91 281 2587514
INFINITY INFINITY FOR INFINITE SOLUTIONS
To,
The Board of Directors,
CERTIFICATE OF CORRECTNESS OF FINANCIAL RESULTS
Pursuant to Regulation 33(2)(a) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, we hereby certify that the Audited Standalone and Consolidated Financial Results of the Company for the quarter and financial year ended March 31, 2026, as placed before the Board of Directors, do not contain any false or misleading statement or figures and do not omit any material fact which may render the statements or figures contained therein misleading.
Bhaveshkumar Dhirajlal Gadhethriya
Managing Director
DIN: 01453088
Date: 04.05.2026
Place: Rajkot
Paras Vaishnav
Chief Finance Officer
Infinity, Vishwakarma Society, Near Vavdi Water Tank, 150 Feet Ring Road, Rajkot - 360 004. (Gujarat) INDIA.
Tel.: +91 281 2587514
INDIAN INFINITY INFINITY FOR INFINITE SOLUTIONS
MD & CFO CERTIFICATION
To
The Board of Directors,
Infinity Infoway Limited,
We certify that:
a. We have reviewed financial results of INFINITY INFOWAY LIMITED for the Quarter and Year ended 31.03.2026 and that to the best of our knowledge and belief:
(i) These results do not contain any materially untrue statement or omit any material fact or contain statements that might be misleading;
(ii) These statements together present a true and fair view of the Company's affairs and are in compliance with existing accounting standards, applicable laws and regulations.
b. To the best of our knowledge and belief, no transactions entered into by the Company during the years which are fraudulent, illegal or violative of the Code of Conduct of the Company.
c. We accept responsibility for establishing and maintaining internal controls over financial reporting and that we have evaluated the effectiveness of internal control systems of the Company over financial reporting and we have disclosed to the auditors and the Audit Committee, deficiencies in the design or operation of such internal controls over financial reporting, if any, of which we are aware and the steps we have taken, propose to take, to rectify these deficiencies. In our opinion, there are adequate internal controls over financial reporting;
d. We have indicated to the auditors and the Audit Committee that there are:
(i) no significant changes in internal control over financial reporting during the quarter;
(ii) no significant changes in accounting policies during the quarter and
(iii) no instances of fraud of which we have become aware and the involvement therein, if any, of the management or an employee having a significant role in the Company's internal control systems over financial reporting.
Bhaveshkumar Dhirajlal Gadhethriya
Managing Director
DIN: 01453088
Date: 04.05.2026
Place: Rajkot
Infinity Infoway Limited
Paras Vaishnav
Chief Finance Officer
INFINITY INFOWAY LIMITED
(Formerly known as INFINITY INFOWAY PRIVATE LIMITED)
Corporate Office:
"Infinity", Vishwakarma Society, Near Vavdi Water Tank, Tel.: +91 281 2587514 | E-mail: [email protected]
150 Feet Ring Road, Rajkot - 360 004. (Gujarat) INDIA. | Web: www.infinityinfoway.com
CA
Keyur Shah & Associates
CHARTERED ACCOUNTANTS
CA Keyur Shah
FCA, B.Com, ISA, AFP Certified
Independent Auditor's Report on Standalone Audited Half yearly Financial Results and Year to Date Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended
To
The Board of Directors of
Report on the audit of the Standalone Financial Results Opinion
We have audited the accompanying Standalone half yearly financial results of Infinity Infoway Limited (the "Company") for the half year ended 31st March, 2026 and the year to date results for the period from 1st April, 2025 to 31st March, 2026, attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("LODR Regulations").
In our opinion and to the best of our information and according to the explanations given to us these standalone financial results:
i. are presented in accordance with the requirements of Regulation 33 of the LODR Regulations in this regard; and
ii. give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards and other accounting principles generally accepted in India, of the net profit and other comprehensive income and other financial information for the half year ended 31st March, 2026 as well as the year to date results for the period from 1st April, 2025 to 31st March, 2026.
Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013 (the Act). Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Standalone Financial Results section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial results under the provisions of the Companies Act, 2013 and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
303, Shitiratna, B/s. Radisson Blu Hotel, Nr. Panchvati Circle, Ambawadi, Ahmedabad-380006. Gujarat, INDIA. Ph.: +91 79 48999595, M.: +91 999 8484 564 • Website: www.keyurshahca.com E-mail: [email protected], [email protected]
Management and Board of directors' Responsibilities for the Statement
These half yearly financial results as well as the year to date standalone financial results have been prepared on the basis of the interim financial statements. The Company's Board of Directors are responsible for the preparation of these financial results that give a true and fair view of the net profit/loss and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, 'Interim Financial Reporting' prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the LODR Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error.
In preparing the standalone financial results, the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
The Board of Directors are also responsible for overseeing the Company's financial reporting process.
Auditor's Responsibilities for the Audit of the Statement
Our objectives are to obtain reasonable assurance about whether the standalone financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these standalone financial results.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the standalone financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is
SANTA CLARA, CALIFORNIA 90015
50331 9666
higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
- Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.
- Evaluate the overall presentation, structure and content of the standalone financial results, including the disclosures, and whether the financial results represent the underlying transactions and events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
Other Matters
The Statement includes the Audited Standalone financial results for the half year ended 31st March’26, being the balancing figure between the Audited standalone figures in respect of the full financial year ended 31st March’26 and the audited year to date standalone figures up to the First half of the current financial year, which were subjected to a limited review by us, as required under the Listing Regulations.
Yours Faithfully,
For, Keyur Shah & Associates
F.R. No: 333288W
Chartered Accountants
Akhlaq Ahmad Mutvalli Partner
M. No. 181329
UDIN: -26181329VFIRCL5239
Date: - 4th May, 2026
Place: - Ahmedabad
CA
Keyur Shah & Associates
CHARTERED ACCOUNTANTS
CA Keyur Shah
FCA, B.Com, ISA,
CP Certified
Independent Auditor's Report on Consolidated audited Half Year to Date Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended
To
The Board of Directors of
Report on the audit of the Consolidated Financial Results
Opinion
We have audited the accompanying Statement of Consolidated Financial Results of Infinity Infoway Limited ("Holding Company") and its Associates (holding Company and its associates together referred to as "the Group"), for the half year ended 31st March, 2026 and the year to date results for the period from 1st April, 2025 to 31st March, 2026 (the "Statement"), being submitted by the holding company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("LODR Regulations").
In our opinion and to the best of our information and according to the explanations given to us, and based on the consideration of the reports of the other auditors on separate audited financial statements/ financial results/ financial information of the associates as referred, the Statement:
a) includes the results of the following entities:
i) Infinity Transoft Solution Private Limited ("Associate")
b) is presented in accordance with the requirements of Regulation 33 of the LODR Regulations, as amended; and
c) gives a true and fair view in conformity with the applicable accounting standards and other accounting principles generally accepted in India, of consolidated total comprehensive income (comprising of net [profit/loss] and other comprehensive income/ loss) and other financial information of the Group for the half year ended 31st March, 2026 and for the period from 1st April, 2025 to 31st March, 2026.
Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013 (the Act). Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Consolidated Financial Results section of our report. We are independent of the Group, its associates and jointly controlled entities in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are
303, Shitiratna, B/s. Radisson Blu Hotel, Nr. Panchvati Circle, Ambawadi, Ahmedabad-380006. Gujarat, INDIA
Ph.: +91 79 48999595, M.: +91 999 8484 564 • Website: www.keyurshahca.com
E-mail: [email protected], [email protected]
QUALITY ASSOCIATED MEMBER OF THE ASSOCIATION
relevant to our audit of the financial statements under the provisions of the Companies Act, 2013 and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us and other auditors in terms of their reports referred to in "Other Matter" paragraph below, is sufficient and appropriate to provide a basis for our opinion.
Management's Responsibilities for the Consolidated Financial Results
These half year financial results as well as the year to date consolidated financial results have been prepared on the basis of the interim financial statements.
The Holding Company's Board of Directors are responsible for the preparation and presentation of these consolidated financial results that give a true and fair view of the net profit/ loss and other comprehensive income and other financial information of the Group including its associates and jointly controlled entities in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, 'Interim Financial Reporting' prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the LODR Regulations. The respective Board of Directors of the companies included in the Group and of its associates and jointly controlled entities are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Group and its associates and jointly controlled entities and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the consolidated financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the consolidated financial results by the Directors of the Holding Company, as aforesaid.
In preparing the consolidated financial results, the respective Board of Directors of the companies included in the Group and of its associates and jointly controlled entities are responsible for assessing the ability of the Group and of its associates and jointly controlled entities to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so.
The respective Board of Directors of the companies included in the Group and of its associates and jointly controlled entities are responsible for overseeing the financial reporting process of the Group and of its associates and jointly controlled entities
Auditor's Responsibilities for the Audit of the Consolidated Financial Results
Our objectives are to obtain reasonable assurance about whether the consolidated financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always
SAN DIEGO - CALIFORNIA
GOVERNMENT
102
detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial results.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
-
Identify and assess the risks of material misstatement of the consolidated financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
-
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company’s internal control.
-
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
-
Conclude on the appropriateness of the Board of Directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group and its associates and jointly controlled entities to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the consolidated financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Group and its associates and jointly controlled entities to cease to continue as a going concern.
-
Evaluate the overall presentation, structure and content of the consolidated financial results, including the disclosures, and whether the consolidated financial results represent the underlying transactions and events in a manner that achieves fair presentation.
-
Obtain sufficient appropriate audit evidence regarding the financial results/financial information of the entities within the Group and its associates and jointly controlled entities to express an opinion on the consolidated Financial Results. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the consolidated financial results of which we are the independent auditors. For the other entities included in the consolidated Financial Results, which have been audited by other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion.
We communicate with those charged with governance of the Holding Company and such other entities included in the consolidated financial results of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and
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significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the LODR Regulations, as amended, to the extent applicable.
Other Matters
The accompanying Statement includes the audited financial results/ financial information/ financial statements in respect of:
One associates, located in India in which fully incorporated and consider in consolidated financial statement, whose financial results reflect total assets of Rs. 1,138.11 Lakhs as at 31st March’26, total revenue of Rs. 808.05 Lakhs and Rs. 1493.96 Lakhs, total net profit after tax of Rs. 107.98 Lakhs and Rs. 138.13 Lakhs and total comprehensive Income of Rs. 115.22 Lakhs and Rs. 145.37 Lakhs, for the half year ended and year ended 31st March’26 respectively, and net cash inflow of Rs.106.28 Lakhs for the year ended 31st March’26, as considered in the Statement. These annual financial statements have been audited by its respective independent auditor. The independent auditor’s report on the financial results/ financial information/ financial statements of the aforesaid associates have been furnished to us by the Management and our opinion on the Statement in so far as it relates to the amounts and disclosures included in respect of this associates is based solely on the reports of such auditors.
Our opinion on the consolidated Financial Results is not modified in respect of the above matters with respect to our reliance on the work done and the reports of the other auditors and the Financial Results/financial information certified by the Board of Directors.
The Statement includes the Audited Consolidated financial results for the half year ended 31st March’26, being the balancing figure between the Audited consolidated figures in respect of the full financial year ended 31st March’26 and the unaudited year to date consolidate figures up to the f of the current financial year, which were subjected to a limited review by us, as required under the Listing Regulations.
Yours Faithfully,
For, Keyur Shah & Associates
F.R. No: 333288W
Chartered Accountants
Akhlag Ahmad Mutvalli
Partner
M. No. 181329
UDIN: -26181329XIAUPK1788
Date: - 4th May, 2026
Place: - Ahmedabad
CA
FCA, B.Com, ISA,
FAFP Certified
To,
Bombay Stock Exchange of India
P.J. Towers, Dalal Street,
Mumbai- 400 001.
Dear Sir,
On the basis of examination of books of accounts and other documents produced for our verification and information and explanations given to us by Infinity Infoway Limited ('the Company') having its registered office at P-9, Nr. Water Tank, Visvakarma Society, Mavadi Chokdi, Rajkot, Gujarat, India, 360004. and CIN No. L72900GJ2008PLC054170, we certify the receipt of issue proceeds net off Issue Expenses and utilization of the same for the purpose of the Objects as stated in Prospectus dated 04th October, 2025 issued for issue of shares of the Company as below
(Rs. in Lakhs)
| Sr No | Object as disclosed in the Offer Document | Amount disclosed in the Offer Document | Actual Utilised Amount | Unutilised Amount As on 31-03-2026 | Remarks |
|---|---|---|---|---|---|
| 1 | Development of Proprietary Technology Solution called "ZEROTOUCH DaaS" (Device as a Service) ("Proposed Project") | 375.00 | 375.00 | - | NA |
| 2 | Purchase of new IT Infrastructure and Certification | 260.56 | 260.56 | - | NA |
| 3 | Funding of Tender Deposits and Earnest Money Deposits (EMD) towards Tenders | 400.00 | 100.00 | 300.00 | NA |
| 4 | Funding the incremental Working Capital Requirements of our Company | 858.00 | 373.71 | 484.29 | NA |
| 5 | General corporate purposes | 307.30 | - | 307.30 | |
| Total | 2,200.86 | 1,109.27 | 1,091.59 |
The above certificate has been given on the basis of documents, papers and information & explanations given by the Company.
For, Keyur Shah & Associates
Chartered Accountants
FRN: 338288W
Partner
Membership No.: 181329
UDIN: 26181329YQPWIE9003
Place: Ahmedabad
Date: 4th May, 2026
303, Shitiratna, B/s. Radisson Blu Hotel, Nr. Panchvati Circle, Ambawadi, Ahmedabad-380006. Gujarat, INDIA.
Ph.: +91 79 48999595, M.: +91 999 8484 564 • Website: www.keyurshahca.com
E-mail: [email protected], [email protected]