Integrated Filing — IndAS



General information about company

Scrip Code 532773
NSE Symbol GLOBALVECT
MSEI Symbol NOTLISTED
ISIN INE792H01019
Name of company Global Vectra Helicorp Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2026
Date of end of financial year 31-03-2027
Date of board meeting when results were approved 13-11-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 05-11-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Half Yearly
Reporting Quarter Half yearly
Nature of report standalone or consolidated Standalone
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 Providing Helicopter Services
Start date and time of board meeting 13-11-2026   11:30:00
End date and time of board meeting 13-11-2026   19:15:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 27-05-2026
Indicate Company website link for updated RPT policy of the Company ttps://www.globalhelicorp.com/assets/pdf/new-Policy-on-Related-Party-Transactions.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
No Default



Financial Results Ind-AS

Amount in (Lakhs)

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 01-04-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 21,899.97 21,899.97
Other income 868.91 868.91
Total income 22,768.88 22,768.88
2 Expenses
(a) Cost of materials consumed 0.00 0.00
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0.00 0.00
(d) Employee benefit expense 6,184.50 6,184.50
(e) Finance costs 2,196.10 2,196.10
(f) Depreciation, depletion and amortisation expense 4,987.11 4,987.11
(f) Other Expenses
1 Helicopter maintenance 6,823.24 6,823.24
2 Lease rentals 3,550.85 3,550.85
3 Other expenses (refer Note no. 2) 4,913.42 4,913.42
Total other expenses 15,287.51 15,287.51
Total expenses 28,655.22 28,655.22
3 Total profit before exceptional items and tax (5,886.34) (5,886.34)
4 Exceptional items 0.00 0.00
5 Total profit before tax (5,886.34) (5,886.34)
6 Tax expense
7 Current tax 0.00 0.00
8 Deferred tax (2,053.70) (2,053.70)
9 Total tax expenses (2,053.70) (2,053.70)
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations (3,832.64) (3,832.64)
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period (3,832.64) (3,832.64)
17 Other comprehensive income net of taxes (452.76) (452.76)
18 Total Comprehensive Income for the period (4,285.40) (4,285.40)
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 1,400.00 1,400.00
Face value of equity share capital 10 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 -27.38 -27.38
Diluted earnings (loss) per share from continuing operations -27.38 -27.38
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -27.38 -27.38
Diluted earnings (loss) per share from continuing and discontinued operations -27.38 -27.38
24 Debt equity ratio 0 0
25 Debt service coverage ratio 0 0
26 Interest service coverage ratio 0 0
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) Notes: - 1.The above results which are prepared and published in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements), 2015, as amended have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on November 13, 2026. The financial results have been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards as prescribed under Section 133 of the Companies Act, 2013, read with the relevant rules issued thereunder and other accounting principles generally accepted in India. 2.Other income for the year ended March 31,2026, includes write back of balances payable to related parties amounting to Rs. 3,396.44 lakhs as no longer payable. Other expenses for the year ended March 31, 2026, includes write back of balances payable to related parties amounting to Rs. 704.38 lakhs as no longer payable. Applicable impact has been given in Current tax for the year ended March 31, 2026, on account of above writeback and write-off. 3.Exceptional items represent impact on account of New Labour Codes amounting to Rs. (156.39) lakhs. Effective 21 November 2025, The Government of India has consolidated multiple existing labour legislations into a unified framework comprising four Labour Codes (collectively referred to as the 'New Labour Codes'). These legislative changes have revised the definition of wages for the purpose of computation of employee benefits and expanded the scope and eligibility of certain employee related social security benefits. Based on a detailed assessment carried out by the Company, information currently available and consistent with the FAQs on key accounting implications arising from the New Labour Codes issued by the Institute of Chartered Accountants of India, the Company has evaluated the incremental impact arising from the implementation of the New Labour Codes. Considering the materiality, regulatory driven and non-recurring nature of this impact, the Company has recognised impact of Rs. (156.39) lakhs (consisting of gratuity and compensated absences) as an exceptional item in the financial results for the year ended 31 March 2026. Post the balance sheet date, while the Central Government has notified the final Rules on May 8, 2026, the relevant State Rules are yet to be notified. The Company will monitor the developments and update the estimates once the State Rules are notified. 4.During the quarter ended September 30, 2026, the Company has received an Order-in-Original passed by the Principal Commissioner of Customs, Mumbai dated 1st September 2026 under Section 28 of the Customs Act, 1962, ascertaining Tax dues totalling to Rs. 7,616.84Iakhs along with applicable interest and penalties amounting to Rs. 17,616.84 lakhs. The order pertains to a dispute regarding the fulfilment of conditions prescribed for claiming Integrated Goods and Services Tax (IGST) exemption under Notification no. 50/2017 -Customs for the import of helicopters and aircraft parts under lease arrangements. The company is in the process of filing an appeal before CESTAT. Based on legal advice and judicial precedents, management is confident of favorable outcome and considers any cash outflow to be highly unlikely. Accordingly, no provision has been considered necessary in the financial results for the quarter and half year ended September 30,2026. 5.The Board of Directors and Management are confident that the Company will continue as a going concern for the foreseeable future. This assessment is supported by a series of concrete operational improvements and financing measures that have been implemented or are well advanced, as described below. For the half year ended September 30, 2026, the Company recorded a net loss after taxes of Rs. 3,832.64 lakhs and a net loss after other comprehensive loss of Rs. 4,285.40 lakhs, resulting in a negative net worth of Rs. 5,202.16 Iakhs as at that date. Current liabilities exceeded current assets by Rs. 29,811.69lakhs. These outcomes reflect a period of significant external headwinds rather than structural deterioration in the Company's business model. The losses were driven by identifiable and largely external factors: industry-wide supply chain disruptions affecting aircraft availability, the consequent contractual penalties levied by the customer, and the sustained depreciation of the Indian Rupee against the US Dollar and Euro. The Company has directly addressed each of these factors through targeted operational actions. On the operational side, customer penalties have been substantially reduced through the induction of a dedicated standby aircraft, the establishment of consignment stock arrangements directly with Original Equipment Manufacturers (OEMs) to improve parts availability, and a comprehensive fleet rationalisation programme. Critically, the Company has secured materially improved contract values on a going-forward basis, which are expected to contribute significantly to revenue and profitability in the coming periods. On the financing side, the Company has been allocated enhanced working capital credit facilities by the bank and has also availed External Commercial Borrowings to further strengthen its liquidity position. Company is in process of finalising Term loan/additional working capital facility to consolidate the liquidity position. These measures are expected to ensure that the Company is able to realise its assets and discharge its liabilities in the normal course of business. Having regard to the above measures, the future business plans, and the detailed cash flow projections reviewed by the Board, these unaudited financial results for the quarter ended September 30,2026 have been prepared on a going concern basis. The financial statements do not include any adjustments that would result from the going concern basis of accounting being inappropriate. 6.The Company is engaged in providing helicopter services in India, which is considered as one reportable segment. There are no separate reportable segments as per Ind AS 108 Operating Segments. 7.The Company does not have any subsidiary/associate/joint venture company(ies), as on September 30, 2026 and therefore the Consolidation of the Financial Results is not applicable.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2026
Date of end of reporting period 30-09-2026
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 18,800.48
Capital work-in-progress
Investment property
Goodwill 0.00
Other intangible assets 0.91
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 0.00
Trade receivables, non-current
Loans, non-current 0.00
Other non-current financial assets
1 Lease receivables 2,168.09
2 Derivatives 327.19
3 Other fianccial assest 2,162.06
Total of other non-current financial assets 4,657.34
Total non-current financial assets 4,657.34
Deferred tax assets (net)
Other non-current assets
1 Right of Use Assets 49,933.52
2 Income tax assets 2,027.55
3 Other non-current assets 220.66
Total of other non-current assets 52,181.73
Total non-current assets 75,640.46
2 Current assets
Inventories 4,196.90
Current financial asset
Current investments 3,518.97
Trade receivables, current 4,383.54
Cash and cash equivalents 1,426.52
Bank balance other than cash and cash equivalents 669.30
Loans, current 0.00
Other current financial assets
Total of other current financial assets 6,953.64
Total current financial assets 16,951.97
Current tax assets (net)
Other current assets
1 Other current assets 4,323.01
Total of other current assets 4,323.01
Total current assets 25,471.88
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 1,01,112.34
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 1,400.00
Other equity (6,602.16)
Total equity attributable to owners of parent (5,202.16)
Non controlling interest
Total equity (5,202.16)
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 18,968.38
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities
1 Lease Liabilities 30,415.41
Total of other non-current financial liabilities 30,415.41
Total non-current financial liabilities 49,383.79
Provisions, non-current 1,624.11
Deferred tax liabilities (net) 23.03
Deferred government grants, Non-current
Other non-current liabilities
Total of other non-current liabilities
Total non-current liabilities 51,030.93
Current liabilities
Current financial liabilities
Borrowings, current 4,611.22
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 310.80
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 23,648.62
Total Trade payable 23,959.42
Other current financial liabilities
1 Lease Liabilities 16,981.77
2 Other financial liablities 5,095.34
Total of other current financial liabilities 22,077.11
Total current financial liabilities 50,647.75
Other current liabilities 4,019.74
1 Other current liabilities 4,019.74
Total of other current liabilities 4,019.74
Provisions, current 616.08
Current tax liabilities (Net)
Deferred government grants, Current
Total current liabilities 55,283.57
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 1,06,314.50
Total equity and liabilites 1,01,112.34
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

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 01-04-2026 01-04-2026
Date of end of reporting period 30-09-2026 30-09-2026
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
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

Amount in (Lakhs)

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 01-04-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement of Defined Benefit plans (92.88) (92.88)
Total Amount of items that will not be reclassified to profit and loss (92.88)
2 Income tax relating to items that will not be reclassified to profit or loss (32.46) (32.46)
3 Amount of items that will be reclassified to profit and loss
1 The effective portion of gain or loss on hedging instruments (603.09) (603.09)
Total Amount of items that will be reclassified to profit and loss (603.09)
4 Income tax relating to items that will be reclassified to profit or loss (210.75) (210.75)
5 Total Other comprehensive income (452.76) (452.76)



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026
B Date of end of reporting period 30-09-2026
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Standalone
Statement of cash flows
Cash flows from used in operating activities
Profit before tax
Adjustments for reconcile profit (loss)
Adjustments for finance costs 0.00
Adjustments for decrease (increase) in inventories (224.29)
Adjustments for decrease (increase) in trade receivables, current 266.52
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (1,436.59)
Adjustments for decrease (increase) in other non-current assets 208.51
Adjustments for other financial assets, non-current 512.76
Adjustments for other financial assets, current (1,334.06)
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 6,236.31
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 639.83
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 4,987.11
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 125.13
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 1,064.75
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains (250.66)
Adjustments for dividend income 0.00
Adjustments for interest income (1,791.64)
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 308.94
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 0.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 12,895.90
Net cash flows from (used in) operations 7,009.56
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 545.28
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 6,464.28
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 3,084.12
Purchase of property, plant and equipment 9,954.26
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 34.23
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (5,426.32)
Net cash flows from (used in) investing activities (12,262.23)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 0.00
Repayments of borrowings (13,651.08)
Payments of lease liabilities 6,445.16
Dividends paid 0.00
Interest paid 79.42
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities 7,126.50
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 1,328.55
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents (55.15)
Net increase (decrease) in cash and cash equivalents 1,273.40
Cash and cash equivalents cash flow statement at beginning of period 153.12
Cash and cash equivalents cash flow statement at end of period 1,426.52





Amount in (Lakhs)

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 AAA Rotor Ltd. Global Vectra Helicorp Limited Promoters Any other transaction Operating lease for Helicopter 35,000.00 NIL 2,034.33 13-11-2026 2,034.33 0.00 0.00
2 Indo Copter Pvt. Lt Global Vectra Helicorp Limited Other Related Party Any other transaction Helicopter Maintenance (MRO),Revenue Helicopter Charter Hire,ICD Loan Received & Paid,ICD - Loan Intrest 10,000.00 NIL 1,459.09 13-11-2026 1,459.09 0.00 0.00
3 Lt. Gen. Sarab Jot Singh Saighal Global Vectra Helicorp Limited Key management personnel of entity Remuneration NIL 13.50 13-11-2026 13.50 0.00 0.00
4 Mr. Micheal Lewis Edwin Barber Global Vectra Helicorp Limited Key management personnel of entity Remuneration NIL 6.00 13-11-2026 13.96 0.00 0.00
5 Mr. Hemang Ravi Rish Global Vectra Helicorp Limited Other Related Party Any other transaction Rent Expenses 200.00 NIL 60.54 13-11-2026 60.54 0.00 0.00
6 Vectra IT Solutions Pvt. Ltd. Global Vectra Helicorp Limited Other Related Party Any other transaction Computer Maintenance -IFS, ERP Solutions, Software & Hardware 400.00 NIL 35.03 13-11-2026 35.03 0.00 0.00
Total value of transaction during the reporting period 3,616.45