Infronics Systems Ltd

Resignation of Secretarial Auditor

• Resignation of M/s. ASN & Associates, Company Secretaries, as Secretarial Auditor.
• Date of cessation: 11 August 2026; resignation with immediate effect.
• Reason: resignation due to pre-occupation with other assignments.
• Brief profile: Not Applicable.
• Disclosure of relationship: firm not related to any Directors or Promoters.

Secretarial Auditor Appointment

• Type: Appointment of M/s. R&A Associates as Secretarial Auditor for FY 2025-26.
• Effective date/board action: Appointed by Board on August 11, 2026.
• Reason: Due to resignation of M/s. ASN & Associates as Secretarial Auditor for FY 2025-26.
• Profile: R&A Associates, established 1996, secretarial and governance services firm.
• Offices/experience: Offices across Mumbai, Hyderabad, Gurgaon, Chennai, Amaravati; 200+ man-years of experience.
• Relationship: Not related to any Directors/Promoters.
• Term: FY 2025-26.
• Committee support: Appointment based on Audit Committee recommendation.

Financial results

• Un-Audited standalone Q1 FY2026 results approved with Limited Review Report.

Secretarial auditor changes

• Resignation of ASN & Associates accepted.
• Appointed M/s. R&A Associates as Secretarial Auditor for FY2025-26.

Governance changes

• Change approved for NSDL Issuer Services Portal signatories.

Financial and regulatory status

• Revenue from operations nil for the June 30, 2026 quarter.
• Bank balances under debit restrictions pending dispute resolution.
• Contingent liability disclosed for Mudunuru Limited demand of Rs 12,05,23,699.
• Going concern uncertainty due to lack of active contracts and liquidity.

Auditor remarks

• Auditors issued disclaimer of conclusion due to going-concern concerns.

Secretarial auditor details

• R&A Associates appointed as Secretarial Auditor for FY2025-26 (Annexure-B).

Dematerialisation status and depository update

• Dematerialisation requests processed within 15 days of receipt for the quarter ended 30 June 2026.
• Securities dematerialised are listed on the stock exchanges.
• Physical certificates for dematerialisation were mutilated and cancelled; depository name substituted as registered owner.