Quarterly Result13 Feb 2026, 05:23 pm
Southern Infoconsultants Ltd. Approves Q3 Results for FY2025-26, Reveals Gratuity Provision Contravention
AI Summary
Southern Infoconsultants Ltd., formerly known as Southern Infosys Limited, announced its unaudited standalone and consolidated financial results for the quarter ended 31st December 2025. The company's board approved the results during their meeting on 13th February 2026. The limited review report submitted by Mukesh Aggarwal & Co. Chartered Accountants stated that the company needs to make provisions for Gratuity as per the Payment of Gratuity Act, 1972, which has not been done, leading to overstated net profits. The review also highlighted unverified work-in-progress inventory recognition and unconfirmed account balances.
Key Highlights
- Southern Infoconsultants Ltd. approves Q3 results for FY2025-26
- Company's net profit overstated due to non-provision of Gratuity
- Limited review report highlights unverified work-in-progress inventory recognition
- Unconfirmed account balances and potential financial implications mentioned
- Company business activity falls within a single segment: trading of 'IT hardware & software and related services'
Price Impact
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