NAVI MUMBAI — Shares of 3i Infotech Limited (3IINFOLTD) are trading with a negative bias today, February 5, 2026, as the company navigates a major legal battle involving allegations of decade-long corporate fraud.
As of 11:38 GMT+5:30, the stock is trading at ₹15.37 on the NSE, down ₹0.12 (0.77%). The IT services provider has seen a challenging year, with the share price eroding by over 43% in the last 12 months, recently touching 52-week lows.
Corporate Storm: ₹128 Crore Fraud Allegations
The primary headwind for the stock is a formal police complaint filed by 3i Infotech on February 3, 2026, with the Economic Offences Wing (EOW) of the Navi Mumbai Police.
The Allegation: The company alleges a large-scale financial fraud, criminal breach of trust, and cheating amounting to over ₹128 crore.
The Targets: The complaint names eMudhra Limited and its high-ranking officials, including former 3i Infotech executives. The dispute centers on the "fraudulent disinvestment" of a former subsidiary (now eMudhra) and the wrongful redemption of shares between 2010 and 2021.
The Counter-Move: eMudhra has categorically denied these allegations, calling them "without merit" and signaling its intent to pursue legal remedies against 3i Infotech for defamation.
Management Resignation & Board Meeting
Adding to the internal shifts, the company announced the resignation of Mr. Nilesh Gupta, Business Head of Infrastructure Services, effective February 3, 2026.
Investors are now looking toward the upcoming Board Meeting on February 13, 2026, where the company will:
Review and approve the Q3 FY26 (Quarterly) financial results.
Provide updates on the ongoing investigation and potential SEBI filings regarding the fraud case.
Key Financial Snapshot
| Metric | Value |
|---|---|
| Market Cap | ₹3.13 Billion |
| P/E Ratio (TTM) | 2.86 (Relatively low vs industry) |
| Basic EPS (TTM) | ₹5.28 |
| 52-Week High/Low | ₹30.03 / ₹14.40 |
| Beta (Volatility) | 1.58 (High) |
Analyst View
Market sentiment remains "Bearish" to "Strong Sell" according to several technical analysts, as the stock continues to trade below its major moving averages. While the P/E ratio of 2.86 suggests the stock is fundamentally "cheap," the legal uncertainty and contract terminations (such as the recent RailTel WiFi project exit) have kept institutional investors on the sidelines.
