Trigyn Technologies Limited (TRIGYN)
₹52.59 +2.06% last close, 16 Oct
Latest quarterly results (Q4 FY26)
In its latest reported quarter, Q4 FY26, Trigyn Technologies' revenue was ₹252 Cr (+4.7% year on year, -2.4% on the previous quarter), and net profit ₹0.6 Cr (-75.4% year on year); the operating margin was 1.4%.
| Q4 FY26 (₹ Cr) | Value | YoY vs Q4 FY25 | QoQ |
|---|---|---|---|
| Revenue | ₹252 | +4.7% | -2.4% |
| Operating profit | ₹3.6 | -31.3% | — |
| Net profit | ₹0.6 | -75.4% | -8.7% |
| EPS (₹) | 0.20 | -75.9% | -9.1% |
| Operating margin | 1.4% | — | — |
TRIGYN delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 58.06% of the TRIGYN shares traded on NSE were taken to delivery, against the stock's own 20-session average of 60.49%. That is close to its usual level. Turnover was only ₹15 lakh, so a handful of trades can move this figure.
Delivery in the last 5 sessions: 82.0% · 64.1% · 49.5% · 61.5% · 58.1%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Trigyn Technologies announced the voting results of its 40th Annual General Meeting held on September 30, 2026. Shareholders approved all three resolutions with over 99.9% of polled votes in favour. These included the adoption of FY26 audited financial statements, the re-appointment of Dr. P. Raja Mohan Rao, and the appointment of Narendra Bhandari as Independent Director. Overall voter turnout stood at 44.73% of outstanding shares, driven predominantly by 100% promoter participation.
- All 3 resolutions passed with over 99.99% votes in favour
- Total voter participation was 44.73% across 1,37,70,781 shares voted
- Promoter group polled 1,37,01,877 shares (100% in favour across all resolutions)
- Appointment of Mr. Narendra Bhandari approved as Independent Director
- Adoption of audited financial statements for the financial year ended March 31, 2026 approved
Trigyn Technologies Limited has announced that its 40th Annual General Meeting (AGM) will be held on Wednesday, September 30, 2026, at 3:30 PM IST via Video Conferencing. The company has fixed Saturday, September 19, 2026, as the cut-off date to determine shareholder voting eligibility. Remote e-voting will commence on September 27, 2026, at 9:00 AM and conclude on September 29, 2026, at 5:00 PM IST. This is a standard regulatory filing detailing the AGM schedule and voting procedures.
- 40th Annual General Meeting scheduled for Wednesday, September 30, 2026, at 3:30 PM IST
- Cut-off date for determining shareholder voting rights fixed as Saturday, September 19, 2026
- Remote e-voting window opens on September 27, 2026 (9:00 AM) and closes on September 29, 2026 (5:00 PM)
Trigyn Technologies Limited has informed the stock exchanges regarding the dispatch of letters containing web links to its FY 2025-26 Annual Report and AGM notice to shareholders whose email addresses are not registered. The 40th Annual General Meeting is scheduled to be held on Wednesday, September 30, 2026, at 3:30 PM IST via Video Conference. The announcement is procedural in compliance with SEBI Regulation 36(1)(b).
- 40th Annual General Meeting scheduled for September 30, 2026, at 3:30 PM IST via Video Conference
- Issued FY 2025-26 Annual Report access link to shareholders without registered email IDs
- Sent reminders to shareholders holding physical shares to complete KYC updates and dematerialize shares
Trigyn Technologies Limited has scheduled its 40th Annual General Meeting (AGM) for Wednesday, September 30, 2026, at 3:30 PM IST via Video Conferencing. The cut-off date to determine eligibility for remote e-voting is September 19, 2026, with the e-voting window open from September 27 to September 29, 2026. Key agenda items include the adoption of FY26 audited standalone and consolidated financial statements, the re-appointment of Dr. P. Raja Mohan Rao upon retirement by rotation, and the appointment of Mr. Narendra Bhandari as an Independent Director for a 5-year term.
- 40th AGM scheduled for September 30, 2026 at 3:30 PM IST via VC/OAVM
- Shareholder voting cut-off date fixed for September 19, 2026
- Remote e-voting open between September 27, 2026 (09:00 AM) and September 29, 2026 (05:00 PM)
- Resolution proposed to appoint Mr. Narendra Bhandari as Independent Director for 5 years (August 11, 2026 to August 10, 2031)
Trigyn Technologies Limited has issued the notice for its 40th Annual General Meeting (AGM) scheduled for September 30, 2026, via video conferencing. Key agenda items include adopting the audited financial statements for FY26 (TTM revenue of ₹976.43 Cr, PAT of ₹1.98 Cr) and the appointment of Mr. Narendra Bhandari as an Independent Director for a 5-year term ending August 10, 2031. Dr. P. Raja Mohan Rao also seeks re-appointment upon retirement by rotation. The e-voting cut-off date is set for September 19, 2026, with the voting window open from September 27 to September 29, 2026.
- 40th AGM scheduled for Wednesday, September 30, 2026 at 3:30 p.m. IST via Video Conferencing
- Shareholder voting cut-off date established as September 19, 2026
- Remote e-voting period open from September 27, 2026 (9:00 AM) to September 29, 2026 (5:00 PM)
- Special Resolution proposed for appointing Mr. Narendra Bhandari as Independent Director for 5 years (August 11, 2026 to August 10, 2031)
Trigyn Technologies reported Q1 FY27 consolidated revenue of ₹233.17 cr and a net profit of ₹5.93 cr, a significant improvement over the TTM PAT of ₹2 cr. The board appointed Mr. Narendra Bhandari, a venture capital leader and IIT Madras alumnus, as an Independent Director for a 5-year term. However, the auditor's report highlights major risks, including the non-recognition of ₹80 cr in guaranteed revenue due to collection uncertainty and a ₹9.08 cr GST demand. The company is also contesting an Income Tax demand of ₹3.14 cr and a ₹3.30 cr dispute regarding a Nashik parking project.
- Consolidated Q1 FY27 revenue reported at ₹233.17 cr.
- Consolidated net profit for the quarter reached ₹5.93 cr, exceeding the full-year FY26 PAT of ₹1.98 cr.
- Management deferred recognition of ₹80 cr in quarterly guaranteed revenue due to uncertainty in realization.
- GST department confirmed a demand of ₹9.08 cr for FY 2019-20 to FY 2022-23 regarding Input Tax Credit.
- Income Tax department issued assessment orders raising a fresh demand of ₹3.14 cr for the period 2014-15 to 2019-20.
Trigyn Technologies reported a consolidated revenue of Rs 252.76 Cr for Q1 FY27, marking a 12.6% increase over the Rs 224.50 Cr reported in Q1 FY26. The company achieved a significant turnaround in profitability, posting a Consolidated PAT of Rs 3.49 Cr compared to a net loss of Rs 4.61 Cr in the corresponding quarter last year. Sequentially, while revenue remained flat (+0.3% vs Q4 FY26), PAT saw a sharp jump from Rs 0.63 Cr. However, standalone operations remain under pressure, reporting a loss of Rs 2.48 Cr for the quarter.
- Consolidated Revenue increased 12.6% YoY to Rs 252.76 Cr from Rs 224.50 Cr.
- Consolidated PAT turned positive at Rs 3.49 Cr, recovering from a loss of Rs 4.61 Cr in Q1 FY26.
- Sequential PAT grew by 451% from Rs 0.63 Cr in the March 2026 quarter.
- Standalone operations reported a loss of Rs 2.48 Cr, though improved from a loss of Rs 4.99 Cr YoY.
- Total resources deployed globally stand at 2,000 across 25 countries.
Trigyn Technologies has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The document, issued by KFin Technologies Limited (the Registrar and Share Transfer Agent), confirms that all share dematerialization and rematerialization requests for the quarter ended June 30, 2026, have been processed. This is a standard administrative filing required by all listed companies to ensure the integrity of electronic shareholding records. There are no financial implications or changes to business operations arising from this announcement.
- Compliance certificate issued for the quarter ended June 30, 2026
- Registrar and Share Transfer Agent (RTA) identified as KFin Technologies Limited
- Certificate confirms compliance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
- RTA certificates were dated July 1, 2026, and submitted to the exchange on July 10, 2026
Trigyn Technologies Limited has announced the closure of its trading window for all designated persons and their relatives starting July 1, 2026. This move is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the company's Q1 FY2026-27 financial results. The window will remain closed until 48 hours after the unaudited financial results for the quarter ended June 30, 2026, are declared and submitted to the exchanges. This is a standard regulatory procedure and does not indicate any fundamental change in the company's operations.
- Trading window closure effective from Wednesday, July 1, 2026
- Closure pertains to the declaration of unaudited financial results for the quarter ended June 30, 2026
- Trading window to reopen 48 hours after the results are disseminated to BSE and NSE
- Restriction applies to all Designated Persons, their immediate relatives, and other insiders
Trigyn Technologies has announced the successful passage of three key resolutions via postal ballot with overwhelming support. Shareholders approved the continuation of Dr. Raja Mohan Rao Potluri as a Non-Executive Director beyond the age of 75 and the re-appointment of Ms. Lakshmi Potluri as an Independent Director. Additionally, an ordinary resolution to renew a consultancy services agreement with Mr. R. Ganapathi was passed. All resolutions received over 99.6% of the votes in favor, with a total voting turnout of approximately 44.9% of the company's share capital.
- Continuation of Dr. Raja Mohan Rao Potluri as Non-Executive Director beyond age 75 approved with 99.86% votes in favour.
- Re-appointment of Ms. Lakshmi Potluri as an Independent Director passed with 99.64% approval.
- Renewal of consultancy services agreement with Mr. R. Ganapathi approved with 99.64% support.
- Total votes polled amounted to 13,825,478 shares, representing 44.91% of the total outstanding shares.
- The voting period for the postal ballot was conducted from May 26, 2026, to June 24, 2026.
Trigyn Technologies has released its Annual Secretarial Compliance Report for the financial year ended March 31, 2026. The company was found to be largely compliant with SEBI regulations, with the exception of a procedural delay in filing Related Party Transaction (RPT) disclosures for the half-year ended September 2025. This resulted in a minor fine of ₹5,900 each from BSE and NSE, which has already been paid. Additionally, the company received in-principle approval for listing 4,50,000 equity shares under its 2025 ESOP plan.
- Maintained compliance with major SEBI regulations and Secretarial Standards for FY 2025-26.
- Paid a total penalty of ₹11,800 to stock exchanges for a delay in submitting RPT disclosures under Regulation 23(9).
- Received in-principle approval from BSE and NSE for listing 4,50,000 equity shares under the Employee Stock Option Plan 2025.
- Auditor VKM & Associates confirmed that no directors are disqualified and all board evaluations were conducted.
Trigyn Technologies has announced a postal ballot to seek shareholder approval for three key resolutions. These include the continuation of Dr. Raja Mohan Rao Potluri as a Director after reaching 75 years of age and the re-appointment of Ms. Lakshmi Potluri as an Independent Director. Additionally, the company is seeking approval for the renewal of a consultancy services agreement with Mr. R. Ganapathi. The e-voting process will run from May 26, 2026, to June 24, 2026, with results expected by June 26, 2026.
- Approval sought for Dr. Raja Mohan Rao Potluri to continue as Director beyond age 75.
- Resolution proposed for the re-appointment of Ms. Lakshmi Potluri as an Independent Director.
- Renewal of consultancy services agreement with Mr. R. Ganapathi is up for shareholder vote.
- E-voting period is scheduled for 30 days, starting May 26 and ending June 24, 2026.
- The cut-off date for determining shareholder eligibility was May 15, 2026.
Trigyn Technologies has issued a postal ballot notice to seek shareholder approval for three key management resolutions. The company is proposing the continuation of Dr. Raja Mohan Rao Potluri as a Non-Executive Director beyond the age of 75, effective July 15, 2026. Additionally, it seeks the re-appointment of Ms. Lakshmi Potluri as an Independent Director for a second five-year term. Finally, shareholders are asked to approve a consultancy agreement with Mr. R. Ganapathi for an annual fee of ₹12,00,000.
- Continuation of Dr. Raja Mohan Rao Potluri as Director beyond the age of 75 starting July 15, 2026.
- Proposed re-appointment of Ms. Lakshmi Potluri as Independent Director for a 5-year term until August 2031.
- Renewal of consultancy services agreement with related party Mr. R. Ganapathi at ₹12,00,000 per annum.
- E-voting period for shareholders is scheduled from May 26, 2026, to June 24, 2026.
Trigyn Technologies reported a consolidated revenue of ₹97,642.94 Lakhs for FY26, marking an 8.7% growth over the previous year. However, consolidated net profit (PAT) witnessed a severe decline of 83%, falling to ₹198.66 Lakhs from ₹1,176.94 Lakhs in FY25. While standalone profitability improved significantly to ₹566.63 Lakhs, the consolidated performance was weighed down by quarterly revenue dips and likely higher operational costs in subsidiaries. The company ended Q4 FY26 with a consolidated revenue of ₹25,194.63 Lakhs, showing a slight sequential decline from Q3.
- Consolidated FY26 revenue grew to ₹97,642.94 Lakhs from ₹89,779.08 Lakhs in FY25.
- Consolidated PAT for FY26 crashed to ₹198.66 Lakhs compared to ₹1,176.94 Lakhs in the previous year.
- Q4 FY26 consolidated revenue stood at ₹25,194.63 Lakhs, down from ₹25,803.19 Lakhs in Q3 FY26.
- Standalone FY26 PAT improved to ₹566.63 Lakhs from ₹136.86 Lakhs YoY.
- The company maintains a global footprint with 2,000 resources across 25 countries.
Trigyn Technologies has released its audited financial results for the fiscal year ended March 31, 2026, receiving an unmodified audit opinion. However, the auditors highlighted several significant concerns, including the non-recognition of ₹80 Crores in guaranteed revenue due to collection uncertainties. The company is also contesting a ₹9.08 Crore GST demand and is involved in arbitration for a Nashik parking project where bank guarantees were invoked. Furthermore, interest income of ₹0.84 Crores was recognized on inter-corporate loans despite pending formal documentation.
- Company opted not to account for ₹80 Crores in Quarterly Guaranteed Revenue due to high collection risk.
- Auditors flagged a GST show cause notice demanding ₹9.08 Crores for the period FY 2019-20 to FY 2022-23.
- Nashik parking project dispute remains unresolved with ₹3.52 Crores in unamortized capital costs and invoked bank guarantees.
- Recognized ₹0.84 Crores in interest income from United Telecoms and Priyaraja Electronics without finalized loan agreements.
- Two wholly-owned subsidiaries are facing going concern issues as noted in the consolidated financial results.
Financial Performance
Revenue Growth by Segment
The company operates in a single reportable segment: 'Communication and information technology staffing support services'. Standalone revenue for Q2 FY26 grew 22.6% QoQ to INR 43.42 Cr from INR 35.41 Cr in Q1 FY26. Consolidated revenue for H1 FY26 stood at INR 430.16 Cr, which includes revenue from discontinued operations.
Geographic Revenue Split
Trigyn operates in 25 countries across Asia, North America, Europe, and Africa. While specific regional % splits are not provided, the company reported a 30% growth in the placement of billable resources with U.S. clients during the reporting period, indicating a strong North American focus.
Profitability Margins
Net profit margin and Return on Equity (ROE) decreased due to a drop in revenue following a major contract loss, additional tax provisions for previous years, and losses on fixed asset sales. Standalone net loss for Q2 FY26 was INR 1.52 Cr, an improvement from a loss of INR 4.99 Cr in Q1 FY26. Consolidated net profit for H1 FY26 was INR 7.08 Cr.
EBITDA Margin
Not explicitly disclosed as a percentage; however, standalone losses narrowed by 69.5% QoQ. Operating expenses and credit purchases reduced, but overall profitability was pressured by the loss of a single large contract in late FY24.
Capital Expenditure
Standalone Property, Plant, and Equipment (PPE) stood at INR 0.99 Cr as of September 30, 2025, down from INR 1.20 Cr as of March 31, 2025. Consolidated PPE was INR 1.30 Cr. The company is focusing on strategic investments in AI-led growth and delivery capabilities rather than heavy physical infrastructure.
Credit Rating & Borrowing
The Debt-Equity ratio increased during the year as a cash credit (CC) facility was utilized. Interest rate percentages are not disclosed, but the increase in debt led to a decrease in Return on Capital Employed (ROCE). Total consolidated liabilities stood at INR 154.65 Cr.
Operational Drivers
Raw Materials
As an IT services firm, the primary 'raw material' is human capital. Employee costs are the largest component, with a global workforce of 1,648 employees (down 14% YoY). Specialized skills in AI, cloud, and cybersecurity represent the core value drivers.
Import Sources
Talent is sourced globally across 25 countries, with significant operations in India and the USA. The company utilizes talent hubs to mitigate localized shortages.
Key Suppliers
Not applicable for IT staffing; however, the company manages trade payables of INR 77.60 Cr (consolidated) to various service and infrastructure vendors.
Capacity Expansion
Current capacity is defined by its 1,648-strong workforce (including full-time and contractual). The company has 2,000 resources deployed globally. Expansion is focused on billable resource placement, which grew 30% in the US market.
Raw Material Costs
Workforce costs are the primary driver. Total global workforce numbers declined by 14% to 1,648 employees following the loss of a major contract, which helped align costs with reduced revenue levels.
Manufacturing Efficiency
Not applicable. Service efficiency is measured by the placement of billable resources, which saw a 30% increase in the US sector despite an overall 14% decline in total headcount.
Strategic Growth
Expected Growth Rate
30%
Growth Strategy
Trigyn is pursuing an AI-led growth strategy, embedding AI into all service offerings. The strategy involves diversifying the client base to reduce concentration risk (following a major contract loss), expanding in the US market (30% placement growth), and appointing a new senior management team to accelerate transformation.
Products & Services
Unified Command & Control Centers, Smart Solutions, Internet of Things (IoT) implementations, Smart Utilities, Security and Surveillance systems, and IT staffing support services.
Brand Portfolio
Trigyn, Trigyn Technologies.
New Products/Services
Strategic focus on AI-integrated IT services and Smart City solutions (IoT, Surveillance). Expected revenue contribution from new AI-led initiatives is not quantified but is the core of the FY26 strategy.
Market Expansion
Aggressive diversification of the business base to reduce dependency on large engagements. Target regions include the US (current growth 30%) and existing footprints in 25 countries.
Strategic Alliances
The company is investing in partnerships to strengthen delivery capabilities and innovation, though specific partner names were not listed in the provided text.
External Factors
Industry Trends
The industry is shifting toward AI-first services and responsible technology (ESG). Trigyn is positioning itself by embedding AI into its offerings and maintaining high-level certifications (CMMI Level 5) to compete with agile startups.
Competitive Landscape
Faces intense competition from large global technology providers and agile AI-first startups. Differentiation is sought through domain expertise in Smart Solutions and IoT.
Competitive Moat
Moat is built on high-level certifications (ISO 9001, 27001, 20000, CMMI V2.0 Dev ML5) and a long-standing legacy of serving Fortune 500 companies and Intergovernmental Organizations. This provides a barrier to entry regarding trust and compliance.
Macro Economic Sensitivity
Sensitive to global economic slowdowns and geopolitical volatility, which impact project budgets and procurement cycles, particularly in public sector engagements.
Consumer Behavior
Growing client focus on 'responsible technology deployment' and ESG expectations is driving demand for energy-efficient and ethical AI solutions.
Geopolitical Risks
Political instability and currency fluctuations are cited as key risks that may impact project cycles in international markets.
Regulatory & Governance
Industry Regulations
Strict adherence to data privacy, AI ethics, and evolving security regulations across multiple regions. Compliance is managed through a robust governance structure and regular internal audits.
Environmental Compliance
ESG expectations are increasing; the company is focusing on responsible technology deployment to meet client sustainability requirements.
Taxation Policy Impact
The company made additional provisions for previous year taxes in FY25, which contributed to a decrease in net profit. Current standalone tax liabilities are INR 2.10 Cr.
Legal Contingencies
A significant matter involves the non-accounting of Quarterly Guaranteed Revenue totaling INR 80 Crores. The company has not booked this revenue as it is 'probable that the Company will not be able to collect the consideration'. Trigyn Technologies Schweiz GmbH is also under voluntary liquidation.
Risk Analysis
Key Uncertainties
The primary uncertainty is the recoverability of INR 80 Cr in guaranteed revenue. Additionally, the impact of the loss of a single large contract continues to be felt in the 14% workforce reduction and margin compression.
Geographic Concentration Risk
Significant exposure to the US market (30% placement growth) and public sector engagements, which are sensitive to regional economic challenges.
Third Party Dependencies
Dependency on large-scale contracts; the loss of one major client historically impacted the entire business structure.
Technology Obsolescence Risk
Risk of being disrupted by 'agile AI-first startups'. Trigyn is mitigating this by accelerating its own AI-led transformation and reskilling its 1,648-member workforce.
Credit & Counterparty Risk
The company has provided for Expected Credit Loss (ECL). Total cumulative ECL provision for Trigyn Technologies Limited (TTL) stands at INR 58.35 Cr, indicating significant credit risk management activity.
