Integrated Filing — IndAS



General information about company
Scrip Code 544302
NSE Symbol INNOVANA
MSEI Symbol NOTLISTED
ISIN INE403Y01018
Name of company INNOVANA THINKLABS LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 29-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 22-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Software
Start date and time of board meeting 29-May-2025   16:00:00
End date and time of board meeting 29-May-2025   18:45:00
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 Declaration of unmodified opinion
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 2023-05-29
Indicate Company website link for updated RPT policy of the Company https://www.innovanathinklabs.com/
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
Not Applicable n



Financial Results Ind-AS
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-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
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 107817000 432785000
Other income 13135000 83378000
Total income 120952000 516163000
2 Expenses
(a) Cost of materials consumed 34000 83000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0 0
(d) Employee benefit expense 13995000 63944000
(e) Finance costs 1091000 10232000
(f) Depreciation, depletion and amortisation expense 1952000 7763000
(f) Other Expenses
1 Other Expenses 17050000 36813000
Total other expenses 17050000 36813000
Total expenses 34122000 118835000
3 Total profit before exceptional items and tax 86830000 397328000
4 Exceptional items 0 0
5 Total profit before tax 86830000 397328000
6 Tax expense
7 Current tax 22128000 101468000
8 Deferred tax 362000 69000
9 Total tax expenses 22490000 101537000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 64340000 295791000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period 64340000 295791000
17 Other comprehensive income net of taxes 1104000 1104000
18 Total Comprehensive Income for the period 65444000 296895000
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 205000000 205000000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 0
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 3.14 14.43
Diluted earnings (loss) per share from continuing operations 3.14 14.43
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 3.14 14.43
Diluted earnings (loss) per share from continuing and discontinued operations 3.14 14.43
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 113596000
Capital work-in-progress 36509000
Investment property 0
Goodwill 0
Other intangible assets 0
Intangible assets under development 88010000
Biological assets other than bearer plants 0
Investments accounted for using equity method 0
Non-current financial assets
Non-current investments 399134000
Trade receivables, non-current 0
Loans, non-current 0
Other non-current financial assets 397077000
Total non-current financial assets 796211000
Deferred tax assets (net) 2862000
Other non-current assets 1698000
Total non-current assets 1038886000
2 Current assets
Inventories 0
Current financial asset
Current investments 0
Trade receivables, current 171171000
Cash and cash equivalents 36498000
Bank balance other than cash and cash equivalents 5983000
Loans, current 203889000
Other current financial assets 0
Total current financial assets 417541000
Current tax assets (net) 0
Other current assets 69455000
Total current assets 486996000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 1525882000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 205000000
Other equity 1124916000
Total equity attributable to owners of parent 1329916000
Non controlling interest
Total equity 1329916000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 0
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 0
Other non-current financial liabilities 24714000
Total non-current financial liabilities 24714000
Provisions, non-current 0
Deferred tax liabilities (net) 0
Deferred government grants, Non-current 0
Other non-current liabilities 17667000
Total non-current liabilities 42381000
Current liabilities
Current financial liabilities
Borrowings, current 45409000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 134000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 55386000
Total Trade payable 55520000
Other current financial liabilities 10864000
Total current financial liabilities 111793000
Other current liabilities 5203000
Provisions, current 0
Current tax liabilities (Net) 36589000
Deferred government grants, Current 0
Total current liabilities 153585000
3 Liabilities directly associated with assets in disposal group classified as held for sale 0
4 Regulatory deferral account credit balances and related deferred tax liability 0
Total liabilities 195966000
Total equity and liabilites 1525882000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
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-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
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
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-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
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 Post employment benefit and obligations 1104000 1104000
Total Amount of items that will not be reclassified to profit and loss 1104000 1104000
2 Income tax relating to items that will not be reclassified to profit or loss 0 0
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 1104000 1104000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 397328000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 10232000
Adjustments for decrease (increase) in inventories 0
Adjustments for decrease (increase) in trade receivables, current -138114000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -31520000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 6000
Adjustments for other financial assets, current 0
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 0
Adjustments for increase (decrease) in trade payables, non-current -34834000
Adjustments for increase (decrease) in other current liabilities -1973000
Adjustments for increase (decrease) in other non-current liabilities 2046000
Adjustments for depreciation and amortisation expense 7763000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 0
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current -1979000
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for interest income 41055000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 6180000
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items 3916000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -219332000
Net cash flows from (used in) operations 177996000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 60500000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 117496000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 0
Purchase of property, plant and equipment 17775000
Proceeds from sales of investment property 0
Purchase of investment property 135562000
Proceeds from sales of intangible assets 0
Purchase of intangible assets 59027000
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 136731000
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 41055000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -25158000
Net cash flows from (used in) investing activities -59736000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 0
Repayments of borrowings 4813000
Payments of lease liabilities 4167000
Dividends paid 0
Interest paid 8090000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -17070000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 40690000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents 40690000
Cash and cash equivalents cash flow statement at beginning of period 1791000
Cash and cash equivalents cash flow statement at end of period 42481000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's 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 Yes
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 Amit Ramakant & Co. Yes 31-Mar-2026


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 Innovana Thinklabs Limited Mr. Chandan Garg Director Remuneration 1000000000000 ok 500000000000 60000000000 0
2 Innovana Thinklabs Limited Mr. Kapil Garg Director Remuneration 855000000000 ok 570000000000 27750000000 47500000000
3 Innovana Thinklabs Limited Mrs. Swaran Kanta Director Remuneration 105000000000 ok 70000000000 7560000000 0
4 Innovana Thinklabs Limited Mrs. Nancy Garg Director's wife Remuneration 252000000000 ok 168000000000 14500000000 21000000000
5 Innovana Thinklabs Limited Mr. Narendra Kumar Garg Director's father Remuneration 105000000000 ok 70000000000 8850000000 0
6 Innovana Thinklabs Limited Mrs. Vartika Dangayach Director's wife Remuneration 180000000000 ok 120000000000 8750000000 10000000000
7 Innovana Thinklabs Limited Mr. Sanjeev Mittal (CFO) CFO Remuneration 249000000000 ok 166000000000 9825000000 14000000000
8 Innovana Thinklabs Limited Mr. Vasu Ajay Anand CS Remuneration 127725000000 ok 85150000000 6500000000 7150000000
9 Innovana Thinklabs Limited Mrs. Alka Mittal CFO relative Remuneration 108000000000 ok 72000000000 6000000000 6000000000
10 Innovana Thinklabs Limited Ms. Riya Sharma Independent Director Any other transaction Sitting Fees 6000000000 ok 4000000000 1800000000 0
11 Innovana Thinklabs Limited Mr. Hemant Koushik Independent Director Any other transaction Sitting Fees 18000000000 ok 12000000000 2700000000 0
12 Innovana Thinklabs Limited Mr. Arvind Kumar Sharma Independent Director Any other transaction Sitting Fees 27000000000 ok 18000000000 10800000000 0
13 Innovana Thinklabs Limited Innovana Infrastructure Limited Subsidiary Company Interest received 1500000000000 ok 1004799800000 16259564300000 11958884100000
14 Innovana Thinklabs Limited Innovana Astro Services Limited Subsidiary Company Interest received 44500000000 ok 29672100000 156803700000 0
15 Innovana Thinklabs Limited Innovana Fitness Labs Limited Subsidiary Company Interest received 950000000000 ok 633562100000 12034893100000 2370148900000
16 Innovana Thinklabs Limited Laxo Medicare Pvt Ltd Associate company Interest received 71000000000 ok 475186700000 5121313000000 5592868600000
17 Innovana Thinklabs Limited Innovana Techlabs Limited Subsidiary Company Purchase of goods or services 750000000000 ok 500000000000 0 490000000000
18 Innovana Thinklabs Limited Innovana Infrastructure Limited Subsidiary Company Purchase of fixed assets 2175000000000 ok 1450000000000 0 696000000000
19 Innovana Thinklabs Limited Innovana Infrastructure Limited Subsidiary Company Any other transaction Rent Received 27000000000 ok 18000000000 10620000000 0
20 Innovana Thinklabs Limited Innovana Astro Services Limited Subsidiary Company Any other transaction Rent Received 27000000000 ok 18000000000 10620000000 0
21 Innovana Thinklabs Limited Adcounty Media India Limited Associate company Any other transaction Rent Received 45000000000 ok 30000000000 0 2250000000
22 Innovana Thinklabs Limited Advanced PC Care Director's Firm Any other transaction Rent Paid 620000000000 ok 416745600000 0 0
23 Innovana Thinklabs Limited FreshoKartzAgri Products Private Limited Investee Company Any other transaction Interest Received 52500000000 ok 35022000000 400226900000 397289800000
24 Innovana Thinklabs Limited Bitguardian GMBH KMP Significant Influence Sale of goods or services 8520000000000 ok 5681594900000 0 1938816600000
25 Innovana Thinklabs Limited S C Digital Protection Services SRL KMP Significant Influence Sale of goods or services 5000000000000 ok 3794518500000 0 1797209400000
Total value of transaction during the reporting period 15942251700000