Trigyn Technologies Reports Strong Q2 FY26 Results; New CS Appointed Amidst Auditor Concerns
Trigyn Technologies reported strong Q2 FY26 consolidated results with increased revenue and profit. A new Company Secretary was appointed. Auditors raised concerns about unbooked revenue, terminated projects, GST demand, and legal matters.
The announcement has a high impact due to the combination of positive financial results, significant auditor qualifications regarding unbooked revenue and potential liabilities (GST demand, terminated projects), and ongoing civil litigation with multiple future trial dates, all of which are material to the company's financial health and future operations.
While the company reported strong quarterly financial performance with significant improvements in revenue and profit, the auditor's report highlighted several material concerns including ₹80 crore unbooked revenue, a ₹9.08 crore GST demand, and going concern issues for subsidiaries, which temper the positive financial outlook.
* Trigyn Technologies Limited's Board of Directors, at its meeting on November 13, 2025, approved the Unaudited Financial Results (Standalone and Consolidated) for the second quarter and half year ended September 30, 2025. * For the quarter ended September 30, 2025, the consolidated revenue from operations increased to ₹24,195.14 lakhs, up from ₹22,449.99 lakhs in the previous quarter and ₹20,780.28 lakhs year-on-year. * The consolidated net profit from continuing operations significantly improved to ₹530.25 lakhs for the quarter, compared to a loss of ₹(435.64) lakhs in the preceding quarter and a profit of ₹85.43 lakhs in the same quarter last year. * Mrs. Prachi Deshpande, Company Secretary and Compliance Officer, resigned effective November 13, 2025. * Mr. Anmol Chaturvedi (ACS No. A73871) has been appointed as the new Company Secretary & Compliance Officer, effective November 14, 2025. * The Statutory Auditors, M/s. V. Rohatgi & Co., highlighted several matters in their Limited Review Report: * Non-accounting of Quarterly Guaranteed Revenue totaling ₹80 crore (₹8,000 lakhs) due to uncertainty regarding collection. * An unamortized Capital Cost of ₹3.97 crore (₹397 lakhs) related to a terminated toll collection project in Nashik. * Ongoing pending legal suits for recovery. * Financial statements of two subsidiaries, Leading Edge Infotech Limited and Trigyn Technologies India Private Limited, were prepared on a going concern basis despite negative net worth, due to dependence on the Holding Company. * A show cause cum demand notice from the GST department for ₹9.08 crore (₹908 lakhs) for disallowing Input Tax Credit for FY 2019-20 to FY 2022-23. * The company is involved in ongoing civil litigation with trial dates scheduled for February 3-5, 2026, March 12, 2026, March 30-31, 2026, April 1-2, 2026, and April 6-7, 2026.
What to do with a filing like this
Trigyn Technologies Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Trigyn Technologies Limited. Read the original for the full detail.