Trigyn Technologies Board Approves Q2 FY27 Results, Reconstitutes Committees
RESULTS
▼ Concern Flagged
HIGH RISK
📅 Filed on BSE: 04 Nov 2026, 08:46 PM IST · BSE ID: a04e0b7a-e984-4b6b-a1c2-68bf1ae9036b
View Original BSE Filing (PDF)
💡
In Simple Terms
The company's board approved its latest quarterly financial results and changed members on its Audit and Remuneration committees.
🤖 AI Summary
- Board approved Unaudited Standalone and Consolidated Financial Results for Q2 FY27 and half year ended September 30, 2026.
- Audit Committee reconstituted: Mr. Narendra Bhandari inducted, replacing Mr. Syed Ahmed Sultan.
- Nomination and Remuneration Committee (NRC) reconstituted: Mr. Narendra Bhandari inducted, replacing Mr. Vijay Mallya.
- Statutory Auditors, M/s. V. Rohatgi & Co., issued Limited Review Reports on the financial results.
- Auditor's report noted non-accounting of Quarterly Guaranteed Revenue totalling Rs. 80 crores due to collection uncertainty.
🏢 How This Affects the Company
Auditor's report highlights several material uncertainties, including non-accounting of Rs. 80 crores in guaranteed revenue and an unamortized capital cost of Rs. 3.07 Crores from a terminated project.
👥 What This Means For Shareholders
✅
Action Required
Shareholders are not required to take any immediate action based on this filing.
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Who Is Affected
Shareholders are indirectly affected by the board's approval of Q2 FY27 results and the reported financial uncertainties and legal matters noted by the auditors.
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Management Signal
The reconstitution of key committees signals management's ongoing governance adjustments, while the auditor's report indicates specific financial and operational challenges.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List - track these upcoming events
Q3 FY27 financial results — review revenue recognition and auditor notes on guaranteed revenue.
Updates on commercial arbitration for Nashik toll collection project with Rs. 3.07 Crores unamortized cost.
Status of appeals against GST demand of Rs. 9.08 crores and Income Tax demand of Rs. 3.14 crores.
HIGH RISK
Auditors noted multiple material uncertainties, including unbooked revenue, terminated projects, and ongoing legal disputes.
💡 Investor Takeaway
Trigyn Technologies' Board approved Q2 FY27 consolidated financial results. The auditor's limited review highlighted non-accounting of Rs. 80 crores in guaranteed revenue and an unamortized capital cost of Rs. 3.07 Crores for a terminated project.
⚖️ Strengths & Concerns
⚠️ Concerns
- Auditors noted non-accounting of Quarterly Guaranteed Revenue totaling Rs. 80 crores due to uncertainty of collection.
- Unamortized Capital Cost of Rs. 3.07 Crores remains for a toll collection project terminated in September 2023, with bank guarantee invoked.
❓ Frequently Asked Questions
What significant financial results did Trigyn Technologies' Board approve?
The Board approved the Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026 (Q2 FY27).
Which committees were reconstituted by Trigyn Technologies' Board?
The Board approved the reconstitution of the Audit Committee and the Nomination and Remuneration Committee (NRC) with effect from November 04, 2026.
What change occurred in Trigyn Technologies' Audit Committee composition?
Mr. Narendra Bhandari, Independent Director, has been inducted as a Member of the Audit Committee, replacing Mr. Syed Ahmed Sultan.
What financial concern was highlighted by the auditors regarding revenue recognition?
Auditors noted the non-accounting of Quarterly Guaranteed Revenue totaling Rs. 80 crores, citing management's stand that collection is uncertain in the near future.
What is the status of the Nashik toll collection project mentioned by the auditors?
The company was sent a termination notice in September 2023, the bank guarantee was invoked on October 20, 2025, and the unamortized Capital Cost stands at Rs. 3.07 Crores as of September 30, 2026.
Questions based on this BSE filing only. For information purposes.