General information about company |
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| Scrip Code | 590041 | ||
| NSE Symbol | KAVDEFENCE | ||
| MSEI Symbol | NOTLISTED | ||
| ISIN | INE641C01019 | ||
| Name of company | Kavveri Defence & Wireless Technologies Limited | ||
| Type of company | Main Board | ||
| Class of security | Equity | ||
| Date of start of financial year | 01-Apr-2025 | ||
| Date of end of financial year | 31-Mar-2026 | ||
| Date of board meeting when results were approved | 14-Aug-2025 | ||
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 06-Aug-2025 | ||
| Description of presentation currency | INR (in Actuals) | ||
| Reporting Type | Quarterly | ||
| Reporting Quarter | First quarter | ||
| Nature of report standalone or consolidated | Consolidated | ||
| Whether results are audited or unaudited for the quarter ended | Unaudited | ||
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | |||
| Segment Reporting | Single segment | ||
| Description of single segment | Defence and wireless technology products | ||
| Start date and time of board meeting | 14-Aug-2025 12:00:00 | ||
| End date and time of board meeting | 14-Aug-2025 18:45:00 | ||
| Whether cash flow statement is applicable on company | |||
| Type of cash flow statement | |||
| Declaration of unmodified opinion or statement on impact of audit qualification | Statement on impact of audit qualification | ||
Financial Results Ind-AS |
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| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
| A | Date of start of reporting period | 01-Apr-2025 | |
| B | Date of end of reporting period | 30-Jun-2025 | |
| C | Whether results are audited or unaudited | Unaudited | |
| D | Nature of report standalone or consolidated | Consolidated | |
| Part I | Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column. | ||
| 1 | Income | ||
| Revenue from operations | 39140000 | ||
| Other income | 651000 | ||
| Total income | 39791000 | ||
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 12393000 | |
| (b) | Purchases of stock-in-trade | 0 | |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | 1485000 | |
| (d) | Employee benefit expense | 5151000 | |
| (e) | Finance costs | 17000 | |
| (f) | Depreciation, depletion and amortisation expense | 280000 | |
| (f) | Other Expenses | ||
| 1 | Other expenses | 9687000 | 9687000 |
| Total other expenses | 9687000 | ||
| Total expenses | 29013000 | ||
| 3 | Total profit before exceptional items and tax | 10778000 | |
| 4 | Exceptional items | 0 | |
| 5 | Total profit before tax | 10778000 | |
| 6 | Tax expense | ||
| 7 | Current tax | 0 | |
| 8 | Deferred tax | 0 | |
| 9 | Total tax expenses | 0 | |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0 | |
| 11 | Net Profit Loss for the period from continuing operations | 10778000 | |
| 12 | Profit (loss) from discontinued operations before tax | 0 | |
| 13 | Tax expense of discontinued operations | 0 | |
| 14 | Net profit (loss) from discontinued operation after tax | 0 | |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0 | |
| 16 | Total profit (loss) for period | 10778000 | |
| 17 | Other comprehensive income net of taxes | 0 | |
| 18 | Total Comprehensive Income for the period | 10778000 | |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | |||
| Total profit or loss, attributable to non-controlling interests | |||
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | |||
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | |||
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 343743000 | ||
| Face value of equity share capital | 10 | ||
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | ||
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | 0.31 | ||
| Diluted earnings (loss) per share from continuing operations | 0.25 | ||
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | ||
| Diluted earnings (loss) per share from discontinued operations | 0 | ||
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | 0.31 | ||
| Diluted earnings (loss) per share from continuing and discontinued operations | 0.25 | ||
| 24 | Debt equity ratio | ||
| 25 | Debt service coverage ratio | ||
| 26 | Interest service coverage ratio | ||
| 27 | Disclosure of notes on financial results | ||
Remarks |
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| Debt equity ratio | |
| Debt service coverage ratio | |
| Interest service coverage ratio | |
Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results |
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| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
| Date of start of reporting period | 01-Apr-2025 | ||||||
| Date of end of reporting period | 30-Jun-2025 | ||||||
| Whether accounts are audited or unaudited | Unaudited | ||||||
| Nature of report standalone or consolidated | Consolidated | ||||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| Total Segment Revenue | |||||||
| Less: Inter segment revenue | |||||||
| Revenue from operations | |||||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| Total Profit before tax | |||||||
| i. Finance cost | |||||||
| ii. Other Unallocable Expenditure net off Unallocable income | |||||||
| Profit before tax | |||||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| Total Segment Asset | |||||||
| Un-allocable Assets | null | null | |||||
| Net Segment Asset | null | null | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| Total Segment Liabilities | |||||||
| Un-allocable Liabilities | null | null | |||||
| Net Segment Liabilities | null | null | |||||
| Disclosure of notes on segments | |||||||
Other Comprehensive Income |
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|---|---|---|---|
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
| A | Date of start of reporting period | 01-Apr-2025 | |
| B | Date of end of reporting period | 30-Jun-2025 | |
| C | Whether results are audited or unaudited | Unaudited | |
| D | Nature of report standalone or consolidated | Consolidated | |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| Total Amount of items that will not be reclassified to profit and loss | |||
| 2 | Income tax relating to items that will not be reclassified to profit or loss | ||
| 3 | Amount of items that will be reclassified to profit and loss | ||
| Total Amount of items that will be reclassified to profit and loss | |||
| 4 | Income tax relating to items that will be reclassified to profit or loss | ||
| 5 | Total Other comprehensive income | ||
Details of Impact of Audit Qualification |
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| Whether results are audited or unaudited | Unaudited |
| Declaration of unmodified opinion or statement on impact of audit qualification | Statement on impact of audit qualification |
| Auditor's opinion | Qualified opinion |
| Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results | |
| Sr No. | Audit firm's name | Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI | Certificate valid upto | ||
| 1 | J K Chopra & Associates | Yes | 31-Mar-2026 | ||
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Financial details |
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| Sr. | Particulars | Audited Figures (as reported before adjusting for qualifications) | Adjusted Figures (audited figures after adjusting for qualifications) |
| 1 | Turnover / Total income | 39791000 | 0 |
| 2 | Total Expenditure | 29013000 | 0 |
| 3 | Net Profit/(Loss) | 10778000 | 0 |
| 4 | Earnings Per Share | 0.31 | 0 |
| 5 | Total Assets | 0 | 0 |
| 6 | Total Liabilities | 0 | 0 |
| 7 | Net Worth | 0 | 0 |
Audit qualification |
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|---|---|---|---|---|---|---|---|
| Sr. | Details of Audit Qualification | Type of Audit Qualification | Frequency of qualification | For Audit Qualification(s) where the impact is quantified by the auditor | For Audit Qualification(s) where the impact is not quantified by the auditor | ||
| Management's Views | (i) Management's estimation on the impact of audit qualification | (ii) If management is unable to estimate the impact, reasons for the same | Auditors' Comments on (i) or (ii) above | ||||
| 1 | Textual Information(1) | Qualified opinion | Repetitive | Textual Information(2) | Textual Information(3) | Textual Information(4) | Textual Information(5) |
| 2 | Textual Information(6) | Qualified opinion | Repetitive | Textual Information(7) | Textual Information(8) | Textual Information(9) | Textual Information(10) |
| 3 | Textual Information(11) | Qualified opinion | Whether appeared first time | Textual Information(12) | Textual Information(13) | Textual Information(14) | Textual Information(15) |
| 4 | Textual Information(16) | Qualified opinion | Repetitive | Textual Information(17) | Textual Information(18) | Textual Information(19) | Textual Information(20) |
Text Block |
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| Textual Information(1) | Material uncertainty related to Going Concern In respect of preparation of unaudited quarterly statements of the group on going concern basis, during the quarter ended, the group has earned a Net profit (after tax) of Rs. 107.78 Lakhs resulting into reduction of accumulated losses to Rs.8,866.31 Lakhs. The group has significant decrease in revenue over the years. These conditions indicate the existence of a material uncertainty that may cast significant doubt on the groups ability to continue as going concern. However, the management is of the view that, considering the positive trend in turnover amounting to Rs. 14 crores, ongoing recruitment of employees to enhance operational efficiency, infusion of funds through share capital for business development, and future sales orders in the pipeline, there is no material uncertainty or significant doubt regarding the companys ability to continue as a going concern. |
| Textual Information(2) | In respect of qualification 1 above, In the opinion of the management, considering the positive trend in turnover amounting to Rs. 14 crores, ongoing recruitment of employees to enhance operational efficiency, infusion of funds through share capital for business development, and future sales orders in the pipeline, there is no material uncertainty or significant doubt regarding the companys ability to continue as a going concern. nDuring the current quarter ended June 30, 2025 the Company has achieved a turnover of INR 391.40 lakhs as compared to INR 61.92 lakhs quarter ended June 30, 2024 and has achieved a net profit of INR 107.78 lakhs during the current quarter June 30, 2025 as compared to INR 2.87 lakhs in the quarter ended on June 30, 2024. n |
| Textual Information(3) | NA |
| Textual Information(4) | NA |
| Textual Information(5) | NA |
| Textual Information(6) | The Company has not complied with the requirements of Ind AS 19 Employee Benefits, the Company has not obtained an actuarial valuation of its defined benefit obligations towards gratuity and leave encashment as at the reporting date, nor has it recognized the liability based on such valuation. In the absence of such actuarial valuation and necessary provisioning, we are unable to determine the impact of the non-compliance on the standalone financial statements, including employee benefit expenses, total liabilities, and the resultant effect on profit or loss for the year. However, management is of the view that as the companys employees have not yet completed one year of service and the gratuity if so provided would not exceed Rs.4 lakhs, the provision for the same has not been made in the books. Further for leave encashment its solely management discretion for leave encashment to be compensated in cash. |
| Textual Information(7) | We note the auditor's inability to determine the impact of this non-compliance on the standalone financial statements, including employee benefit expenses, total liabilities, and profit or loss for the quarter. However, management maintains the view that, as of the reporting date, no employee had completed one year of service. Under the current regulations, gratuity becomes payable only after an employee completes five years of continuous service. Therefore, the provision for gratuity was not considered necessary. Even if it were to be provided, the estimated liability would not exceed INR 4 lakhs.Regarding leave encashment, it is entirely at the management's discretion whether to compensate employees in cash for accumulated leave. As of the reporting date, management had not exercised this discretion to provide for cash compensation for leave encashment, and thus, no liability has been recognized in the books.We will assess the need for an actuarial valuation for both gratuity and leave encashment in future reporting periods as and when the employee service periods and company policies warrant such recognition in accordance with Ind AS 19. n |
| Textual Information(8) | NA |
| Textual Information(9) | NA |
| Textual Information(10) | NA |
| Textual Information(11) | The balances of Loans, Trade Payables, Loans & Advances, Trade Receivables, and Deposits as at 30th June 2025 are subject to confirmation and reconciliation from the respective parties. We were unable to obtain sufficient appropriate audit evidence regarding these balances. Consequently, we are unable to determine whether any adjustments to these balances and the related impact on the accompanying financial statements, including any consequential effects on the statement of profit and loss and other equity, might be necessary. |
| Textual Information(12) | The management acknowledges the auditors' observation regarding the balances of Loans, Trade Payables, Loans & Advances, Trade Receivables, and Deposits as at 30th June 2025 being subject to confirmation and reconciliation. We wish to clarify that while the Company has made efforts to obtain balance confirmations from the respective parties, responses from some counterparties were not received within the audit timeframe. However, the balances have been reviewed internally and are, to the best of our knowledge and belief, fairly stated in the financial statements based on available records and transactions. Management remains committed to strengthening the confirmation and reconciliation process and is taking appropriate steps to improve the documentation and timely follow-up of balance confirmations in future periods. n |
| Textual Information(13) | NA |
| Textual Information(14) | NA |
| Textual Information(15) | NA |
| Textual Information(16) | The consolidated financial statements do not include the financial results of the following subsidiaries: n Kavveri Telecom Infrastructure Limited Incorporated in India n EAICOM India Private Limited Incorporated in India n Kavveri Technologies Americans Inc Incorporated in United States of America n New England Communications Systems Inc Incorporated in United States of America n Quality Communications Systems Inc Incorporated in United States of America n Spotwave Wireless Ltd Incorporated in Canada n Trackcom Systems International Inc. Incorporated in Canada n nThe financial information of these subsidiaries has not been consolidated in accordance with the requirements of Indian Accounting Standard (Ind AS) 110, Consolidated Financial Statements, and Rule 6 of the Companies (Indian Accounting Standards) Rules, 2015, as amended. Consequently, we were unable to obtain sufficient appropriate audit evidence regarding the financial information of these subsidiaries and their impact on the consolidated financial statements. The effect of this departure from the requirements of Ind AS on the consolidated financial statements has not been determined. n |
| Textual Information(17) | Kavveri Telecom Infrastructure Limited is undergoing Insolvency process Under IBC 2016 and Spotwave Wireless Ltd is undergoing bankruptcy proceedings in Canada and other companies are non-operating companies currently, hence the same is not considered for the consolidated financials n |
| Textual Information(18) | NA |
| Textual Information(19) | NA |
| Textual Information(20) | NA |
Signatories detail |
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| Name of CEO / Managing director | CHENNAREDDY SHIVAKUMARREDDY |
| Name of CFO | RAJPETA KASTURI HANUMENTHAREDDY |
| Name of audit committee chairman | Keerthi Narayan |
| Name of statutory auditor | Jitendra Kumar Chopra |
| Name of other signatory, if any, with designation | |
| Place | Bangalore |
| Date | 14-Aug-2025 |