3i Infotech Board Approves FY26 Results, Appoints Anand Savla, Modifies ESOP
3i Infotech's Board approved FY26 audited financial results. Mr. Anand Savla was appointed Senior Management Personnel. The Board recommended modifying the ESOP 2023 vesting schedule and performance matrix for shareholder approval. Additionally, a new subsidiary in Thailand will be incorporated, and the Netherlands subsidiary will be closed.
The approved financial results and management changes are significant for the company's governance and operations. The ESOP modifications and subsidiary restructuring also have medium-term implications for employee incentives and international operations.
The announcement covers routine financial results, management changes, and corporate restructuring. While the appointment of new management and ESOP modifications are positive steps, the modified opinion on consolidated results and the closure of a subsidiary introduce a neutral tone.
3i Infotech Limited announced the outcome of its Board Meeting held on May 8, 2026. The Board approved the audited financial results (standalone and consolidated) for the quarter and financial year ended March 31, 2026. The statutory auditors, M/s. CKSP & Co LLP, issued an unmodified opinion on the standalone results and a modified opinion on the consolidated results.
In a significant management change, the Board approved the appointment of Mr. Anand Savla as Senior Management Personnel (SMP) of the Company, replacing Mr. Ramu Bodathula, with immediate effect. This appointment was based on the recommendation of the Nomination and Remuneration Committee.
The Board also recommended modifications to the Employee Stock Option Scheme 2023 for shareholder approval. These include extending the vesting period from three years to four years with 25% vesting each year, and revising the performance matrix to allow 100% vesting for employees with a performance rating of 3, alongside existing provisions for higher ratings. These changes aim to align the scheme with the company's compensation philosophy and long-term incentive strategy.
Furthermore, the company approved the incorporation of a step-down wholly-owned subsidiary in Thailand. Concurrently, the closure of its dormant step-down wholly-owned subsidiary, 3i Infotech Netherlands B.V., was also approved due to sustained losses and no business purpose.
The Board meeting commenced at 4:35 p.m. and concluded at 5:57 p.m.
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