Trigyn Technologies Q2 FY27 Results: Rs. 80 Cr Revenue Not Booked, Committee Reconstituted
RESULTS
▼ Concern Flagged
HIGH RISK
📅 Filed on BSE: 04 Nov 2026, 08:54 PM IST · BSE ID: 305cc45a-f82d-4622-a701-83c2f5400add
View Original BSE Filing (PDF)
💡
In Simple Terms
The company reported its financial results, but auditors highlighted a significant amount of revenue not recorded due to payment concerns.
🤖 AI Summary
- Board approved unaudited standalone and consolidated financial results for Q2 FY27 and half year ended September 30, 2026.
- Statutory Auditors noted Rs. 80 crores of guaranteed revenue for Q2 FY27 not booked due to collection uncertainty.
- Audit Committee reconstituted with Mr. Narendra Bhandari replacing Mr. Syed Ahmed Sultan as a member.
- Nomination and Remuneration Committee reconstituted, inducting Mr. Narendra Bhandari in place of Mr. Vijay Mallya.
- Auditors highlighted pending legal suits, arbitration, and demand for Rs. 9.08 crores by GST department.
🏢 How This Affects the Company
The non-booking of Rs. 80 crores in guaranteed revenue for Q2 FY27 due to collection uncertainty indicates potential challenges in realizing contractual entitlements.
The unbooked revenue of Rs. 80 crores impacts the reported revenue figures for Q2 FY27. An unamortized capital cost of Rs. 3.07 Crores related to a terminated toll collection project also remains on the balance sheet.
The non-booking of Rs. 80 crores in revenue, ongoing arbitration for a terminated project, and legal cases including a GST demand of Rs. 9.08 crores, introduce financial and operational risks related to revenue recognition and contingent liabilities.
👥 What This Means For Shareholders
✅
Action Required
No action required from shareholders based on this filing.
👤
Who Is Affected
Shareholders are indirectly affected by the auditor's qualification regarding Rs. 80 crores in unbooked revenue, which impacts the reported financial performance for Q2 FY27.
🔍
Management Signal
The reconstitution of key committees indicates management's intent to adjust governance structures. The auditor's notes reflect challenges in revenue realization and ongoing legal matters.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List - track these upcoming events
Q3 FY27 results — check for updates on revenue recognition practices.
Status of arbitration for Nashik toll collection project — observe any developments.
Outcome of appeal against GST demand of Rs. 9.08 crores.
HIGH RISK
Significant unbooked revenue, ongoing legal cases, and arbitration present material financial uncertainties.
💡 Investor Takeaway
Trigyn Technologies Limited reported Q2 FY27 results. Auditors highlighted Rs. 80 crores of guaranteed revenue for Q2 FY27 was not accounted for due to collection uncertainty. Reconstitution of Audit and NRC committees also took place.
⚖️ Strengths & Concerns
⚠️ Concerns
- Statutory Auditors noted Rs. 80 crores of guaranteed revenue for Q2 FY27 was not booked due to collection uncertainty.
- An unamortized Capital Cost of Rs. 3.07 Crores from a terminated toll collection project remains on the Balance Sheet as of September 30, 2026.
📅 Company Track Record
A past filing on November 04, 2026, mentioned the Board Meeting's outcome and specifically noted the auditor's concern regarding Rs. 80 crores unbooked revenue for Q2 FY27 due to collection uncertainty.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What significant financial matter was noted in Trigyn Technologies' Q2 FY27 results?
The Statutory Auditors noted that Rs. 80 crores of guaranteed revenue for Q2 FY27 was not accounted for due to the company's stand on collection uncertainty.
What changes were made to Trigyn Technologies' Audit Committee?
Mr. Narendra Bhandari, Independent Director, was inducted as a Member in the Audit Committee, replacing Mr. Syed Ahmed Sultan, with effect from November 04, 2026.
What unamortized cost is carried forward related to the Nashik toll project?
The unamortized Capital Cost carried forward in the Balance Sheet as of September 30, 2026, related to the Nashik toll collection project, stands at Rs. 3.07 Crores.
What GST demand was confirmed against Trigyn Technologies?
An order from the GST department confirmed a demand of Rs. 9.08 crores for FY 2019-20 to FY 2022-23, disallowing Input Tax Credit claimed by the company.
Questions based on this BSE filing only. For information purposes.