Integrated Filing — IndAS



General information about company
Scrip Code 000000
NSE Symbol AARVI
MSEI Symbol NOTLISTED
ISIN INE754X01016
Name of company AARVI ENCON 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 23-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 Technical Manpower Outsourcing
Start date and time of board meeting 29-May-2025   17:15:00
End date and time of board meeting 29-May-2025   18:14:00
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 2025-02-08
Indicate Company website link for updated RPT policy of the Company https://aarviencon.com/storage/app/uploads/public/67a/a0a/b09/67aa0ab0953d8420842345.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
There was no default on loan and debt securities during the quarter and year ended March 31, 2025



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 1292849000 4640810000
Other income 7031000 30419000
Total income 1299880000 4671229000
2 Expenses
(a) Cost of materials consumed 0 0
(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 972900000 3507838000
(e) Finance costs 8293000 30693000
(f) Depreciation, depletion and amortisation expense 4942000 15645000
(f) Other Expenses
1 Other Expenses 282141000 1030935000
Total other expenses 282141000 1030935000
Total expenses 1268276000 4585111000
3 Total profit before exceptional items and tax 31604000 86118000
4 Exceptional items 0 0
5 Total profit before tax 31604000 86118000
6 Tax expense
7 Current tax 2417000 8528000
8 Deferred tax 1028000 241000
9 Total tax expenses 3445000 8769000
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 28159000 77349000
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 28159000 77349000
17 Other comprehensive income net of taxes -541000 -541000
18 Total Comprehensive Income for the period 27618000 76808000
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 148107000 148107000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 922774000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 1.9 5.23
Diluted earnings (loss) per share from continuing operations 1.89 5.18
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 1.9 5.23
Diluted earnings (loss) per share from continuing and discontinued operations 1.89 5.18
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 171503000
Capital work-in-progress 0
Investment property 0
Goodwill 0
Other intangible assets 2787000
Intangible assets under development 0
Biological assets other than bearer plants 0
Investments accounted for using equity method 0
Non-current financial assets
Non-current investments 9992000
Trade receivables, non-current 0
Loans, non-current 60740000
Other non-current financial assets 200840000
Total non-current financial assets 271572000
Deferred tax assets (net) 0
Other non-current assets 92631000
Total non-current assets 538493000
2 Current assets
Inventories 0
Current financial asset
Current investments 50939000
Trade receivables, current 963524000
Cash and cash equivalents 32288000
Bank balance other than cash and cash equivalents 27696000
Loans, current 3659000
Other current financial assets 250867000
Total current financial assets 1328973000
Current tax assets (net) 0
Other current assets 26299000
Total current assets 1355272000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 1893765000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 148107000
Other equity 922774000
Total equity attributable to owners of parent 1070881000
Non controlling interest
Total equity 1070881000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 33296000
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 38891000
Total non-current financial liabilities 72187000
Provisions, non-current 0
Deferred tax liabilities (net) 2878000
Deferred government grants, Non-current 0
Other non-current liabilities 1200000
Total non-current liabilities 76265000
Current liabilities
Current financial liabilities
Borrowings, current 234516000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 13080000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 73136000
Total Trade payable 86216000
Other current financial liabilities 287910000
Total current financial liabilities 608642000
Other current liabilities 130622000
Provisions, current 7355000
Current tax liabilities (Net) 0
Deferred government grants, Current 0
Total current liabilities 746619000
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 822884000
Total equity and liabilites 1893765000
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
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 541000 541000
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 0 0
5 Total Other comprehensive income -541000 -541000



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 86118000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 30692000
Adjustments for decrease (increase) in inventories 0
Adjustments for decrease (increase) in trade receivables, current -252986000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 5979000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 32881000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 35244000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 28623000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 15645000
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 77790000
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 25285000
Adjustments for share-based payments 10085000
Adjustments for fair value losses (gains) 0
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) 6238000
Other adjustments for non-cash items 0
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -35094000
Net cash flows from (used in) operations 51024000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 12598000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 38426000
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 2422000
Purchase of property, plant and equipment 98023000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
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 50938000
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
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 25285000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) investing activities -121254000
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 667000
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 170303000
Repayments of borrowings 0
Payments of lease liabilities 0
Dividends paid 29568000
Interest paid 30694000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities 110708000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 27880000
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 27880000
Cash and cash equivalents cash flow statement at beginning of period 4405000
Cash and cash equivalents cash flow statement at end of period 32285000





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 M/s Jay Shah & Associates Yes 30-Apr-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 Aarvi Encon Limited Virendra D. Sanghavi Promoter Remuneration 8400000 NA 5940000 990000 651000
2 Aarvi Encon Limited Virendra D. Sanghavi Promoter Any other transaction Provision for Commission 0 NA 2460000 2460000 4920000
3 Aarvi Encon Limited Jaydev V. Sanghavi Promoter Remuneration 8400000 NA 4620000 770000 520000
4 Aarvi Encon Limited Jaydev V. Sanghavi Promoter Any other transaction Provision for Commission 0 NA 3780000 3780000 7560000
5 Aarvi Encon Limited Ami J. Sanghavi Promoter Group Remuneration 800000 NA 980000 126000 117000
6 Aarvi Encon Limited Ninad Kulkarni Promoter Group Remuneration 0 NA 365000 58000 49000
7 Aarvi Encon Limited Naini N. Kulkarni Promoter Group Remuneration 1750000 NA 2021000 228000 210000
8 Aarvi Encon Limited Devendra J Shrimanker Independent Director Any other transaction Director Sitting fees 0 NA 150000 0 27000
9 Aarvi Encon Limited Sonal N Doshi Independent Director Any other transaction Director Sitting fees 0 NA 150000 0 27000
10 Aarvi Encon Limited Padma V Devarajan Independent Director Any other transaction Director Sitting fees 0 NA 150000 0 27000
11 Aarvi Encon Limited Ramachandran Ramamoorty Independent Director Any other transaction Director Sitting fees 0 NA 90000 0 27000
12 Aarvi Encon Limited Ms. Nirali J. Sanghavi Promoter Group Any other transaction Rent payment 210000 NA 210000 32000 32000
13 Aarvi Encon Limited Leela Bisht Company Secretary Remuneration 0 NA 530000 92000 77000
14 Aarvi Encon Limited Aarvi Encon FZE Wholly Owned Subsidiary Interest received 1620000 NA 1101000 3313000 4414000
15 Aarvi Encon Limited Aarvi Encon FZE Wholly Owned Subsidiary Any other transaction Loan repaid by the subsidiary company 0 NA 11545000 23092000 11989000 Loan 0.105 5 Unsecured Working Capital
16 Aarvi Encon Limited Aarvi Encon FZE (Reim of Exps) Wholly Owned Subsidiary Any other transaction Reimbursement of Expenses 0 NA 655000 652000 0
17 Aarvi Encon Limited Aarvi Encon Staffing Services - Qatar Joint Venture/ Associate Entity Any other transaction Reimbursement of Expenses 0 NA 0 3779000 3856000
18 Aarvi Encon Limited Aarvi Encon Staffing Services - Qatar Joint Venture/ Associate Entity Loan 0 NA 0 18412000 18799000
19 Aarvi Encon Limited Aarvi Encon Staffing Services - Qatar Joint Venture/ Associate Entity Interest received 0 NA 985000 790000 1775000
20 Aarvi Encon Limited Aarvi Encon Resources UK Wholly Owned Subsidiary Interest received 173000 NA 428000 9511000 9775000
21 Aarvi Encon Limited Aarvi Encon Resources UK Wholly Owned Subsidiary Any other transaction Reimbursement of Expenses 0 NA 0 52000 52000
22 Aarvi Encon Limited Aarvi Encon Resources UK Wholly Owned Subsidiary Investment 1043000 NA 0 52000 1052000
23 Aarvi Encon Limited Virendra D. Sanghavi Promoter Dividend paid 0 NA 0 1052000 0
24 Aarvi Encon Limited Jaydev V. Sanghavi Promoter Dividend paid 0 NA 0 0 0
25 Aarvi Encon Limited Ami J. Sanghavi Promoter Group Dividend paid 0 NA 0 0 0
26 Aarvi Encon Limited Aditya J. Sanghavi Promoter Group Dividend paid 0 NA 0 0 0
27 Aarvi Encon Limited Naini N. Kulkarni Promoter Group Dividend paid 0 NA 0 0 0
Total value of transaction during the reporting period 36160000