Integrated Filing — IndAS



General information about company
Scrip Code 000000
NSE Symbol GVPTECH
MSEI Symbol NOTLISTED
ISIN INE382T01030
Name of company GVP INFOTECH 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 26-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 IT Goods & IT Services
Start date and time of board meeting 26-May-2025   04:03:00
End date and time of board meeting 26-May-2025   04:20:00
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 Statement on impact of audit qualification
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 2024-05-28
Indicate Company website link for updated RPT policy of the Company https://gvpinfotech.com/wp-content/uploads/2024/05/Policy-on-Related-Party-Transaction.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? Yes



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 15234000 56902000
Other income -3620000 705000
Total income 11614000 57607000
2 Expenses
(a) Cost of materials consumed 0 0
(b) Purchases of stock-in-trade 657000 30648000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 1374000 -26000
(d) Employee benefit expense 1565000 6359000
(e) Finance costs 255000 255000
(f) Depreciation, depletion and amortisation expense 416000 2040000
(f) Other Expenses
1 Other Expenses 28154000 44431000
Total other expenses 28154000 44431000
Total expenses 32421000 83707000
3 Total profit before exceptional items and tax -20807000 -26100000
4 Exceptional items 0 0
5 Total profit before tax -20807000 -26100000
6 Tax expense
7 Current tax 0 0
8 Deferred tax 332000 332000
9 Total tax expenses 332000 332000
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 -21139000 -26432000
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 -21139000 -26432000
17 Other comprehensive income net of taxes 0 0
18 Total Comprehensive Income for the period -21139000 -26432000
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 325723000 325723000
Face value of equity share capital 2 2
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 -0.13 -0.16
Diluted earnings (loss) per share from continuing operations -0.13 -0.16
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 -0.13 -0.16
Diluted earnings (loss) per share from continuing and discontinued operations -0.13 -0.16
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 9370000
Capital work-in-progress
Investment property
Goodwill 0
Other intangible assets 0
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 0
Trade receivables, non-current 1537066000
Loans, non-current 8334000
Other non-current financial assets 8731000
Total non-current financial assets 1554131000
Deferred tax assets (net)
Other non-current assets
Total non-current assets 1563501000
2 Current assets
Inventories 2412000
Current financial asset
Current investments 0
Trade receivables, current 8754000
Cash and cash equivalents 497637000
Bank balance other than cash and cash equivalents 272000
Loans, current 78979000
Other current financial assets
Total current financial assets 585642000
Current tax assets (net)
Other current assets 4237000
Total current assets 592291000
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 2155792000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 325723000
Other equity 1327315000
Total equity attributable to owners of parent 1653038000
Non controlling interest
Total equity 1653038000
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
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 2012000
Total Trade payable 2012000
Other non-current financial liabilities 906000
Total non-current financial liabilities 2918000
Provisions, non-current 0
Deferred tax liabilities (net) 0
Deferred government grants, Non-current
Other non-current liabilities
Total non-current liabilities 2918000
Current liabilities
Current financial liabilities
Borrowings, current 1340000
Trade payables, 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 441649000
Total Trade payable 441649000
Other current financial liabilities 6562000
Total current financial liabilities 449551000
Other current liabilities 50160000
Provisions, current 125000
Current tax liabilities (Net)
Deferred government grants, Current
Total current liabilities 499836000
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 502754000
Total equity and liabilites 2155792000
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
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



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 -26100000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 0
Adjustments for decrease (increase) in inventories -26000
Adjustments for decrease (increase) in trade receivables, current 54566000
Adjustments for decrease (increase) in trade receivables, non-current 48832000
Adjustments for decrease (increase) in other current assets 8277000
Adjustments for decrease (increase) in other non-current assets -12499000
Adjustments for other financial assets, non-current -5336000
Adjustments for other financial assets, current -16139000
Adjustments for other bank balances 4134000
Adjustments for increase (decrease) in trade payables, current 374016000
Adjustments for increase (decrease) in trade payables, non-current 2012000
Adjustments for increase (decrease) in other current liabilities 41095000
Adjustments for increase (decrease) in other non-current liabilities 41108000
Adjustments for depreciation and amortisation expense 2040000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current -55000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 67000
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 0
Adjustments for share-based payments 0
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) 16309000
Other adjustments for non-cash items -28524000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 529877000
Net cash flows from (used in) operations 503777000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 503777000
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 -311000
Purchase of property, plant and equipment 0
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 0
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 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) investing activities -311000
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 1088000
Repayments of borrowings 0
Payments of lease liabilities 0
Dividends paid 16286000
Interest paid 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -15198000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 488268000
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 488268000
Cash and cash equivalents cash flow statement at beginning of period 0
Cash and cash equivalents cash flow statement at end of period 488268000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
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 Purushottam Khandelwal & Co. Yes 30-Nov-2025


Financial details
Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income 56901000 56901000
2 Total Expenditure 83707000 83707000
3 Net Profit/(Loss) -26100000 -26100000
4 Earnings Per Share -0.16 -0.16
5 Total Assets 2155791000 2155791000
6 Total Liabilities 2155791000 2155791000
7 Net Worth 1653038000 1653038000


Audit qualification
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 Whether appeared first time Textual Information(2) Textual Information(3) Textual Information(4) Textual Information(5)
2 Textual Information(6) Qualified opinion Whether appeared first time Textual Information(7) Textual Information(8) Textual Information(9) Textual Information(10)


Text Block
Textual Information(1) We have observed that the company did not establish a provision for doubtful debts viz. Minosha India Ltd. Formally Known as RICOH India Limited amounting to Rs. 110.02 Crores however the company has initiated the arbitration proceedings for a claim of Rs. 395 Crores appx. against Minosha India Limited Formally Known as RICOH India Limited for various project executed jointly.RUDSICO amounting to Rs. 40 Crores Arbitration notice served to RUDSICO local self-government department to invoke Arbitration as on 06.03.2023 for non payment and termination of Smart Rajasthan contract for Rs. 35.28 Cr. Presently the matter is pending befor the Honble High court of Jaipur for appointment of Arbitrator as per the terms of the contract. Ind AS 37 requires entity to recognize a provision for doubtful debts when there is a possibility that the company will be able to collect all the amount from its debtor is uncertain. The provisions should reflect the best estimate of credit losses that are likely to be incurred on the companys receivables portfolio. By not establishing provisions for doubtful debts the companys financial statements may be misstated by overstatement of trade receivables and understatement of expenses.
Textual Information(2) NA
Textual Information(3) NA
Textual Information(4) 1 Provision for Daubtful Debts Minosha India Ltd and RUDSICO n nMinosha India Ltd Formerly Ricoh India Limited Outstanding amount 0f Rs110.02 Crores n nThe Company has initiated arbitration proceedings to claim approximately Rs.395 Crores against Minosha India Limited for multiple projects executed jointly which is more than 3 times of amount outstanding in the books of accounts. In light of the ongoing arbitration the Company has assessed that the recovery is possible based on legal advice and therefore has not made a provision although uncertainty in timing and quantum of recovery nis acknowledged. n nRajasthan Urban Drinking Water Sewerage and Infrastructure Corporation RUDSICO n nThe Company served an arbitration notice on 06.03.2023 for nonpayment under the Smart Rajasthan project contract amounting to Rs. 35.28 Crores which was terminated prematurely. The matter is currently pending before the Honourble High Court of Jaipur for appointment of an arbitrator and the Company is pursuing its legal remedies for recovery. We understand that as per Ind AS 37 a provision should be made when recovery is uncertain. However the management is of the view that considering the stage of legal proceedings and the strength of claims backed by documentation and legal opinion, no provision has been created at this stage. We assure you that we will continuously evaluate recoverability and update the accounting treatment accordingly in future financial periods.
Textual Information(5) NA
Textual Information(6) The Company has filed application under section 9 of the IBC 2016 against Link Well Tele Systems Pvt Ltd for outstanding amount of Rs 7.90 Crore the same is pending before Honble NCLT Hyderabad. However the company has not made any provisions against the same as per IND AS 37
Textual Information(7) NA
Textual Information(8) NA
Textual Information(9) Provision for Outstanding Amount Linkwell Tele Systems Pvt. Ltd. n nThe Company has filed an application under Section 9 of the Insolvency and Bankruptcy Code 2016 before the Honourble NCLT Hyderabad for the recovery of Rs. 7.90 Crores from Linkwell Tele Systems Pvt. Ltd. n nWhile this amount remains outstanding and subject to legal proceedings management is of the opinion, based on legal counsel and supporting documentation, that the receivable is legally enforceable and recoverable and hence no provision has been considered necessary as per Ind AS 37 at this stage. n nNonetheless the Company acknowledges the inherent uncertainty in legal outcomes and commits to reassessing the provision requirement periodically however the amount of provision cannot quantified at this stage as these matters are sub judice hence effect of provision have not been given on the table mentioned at Sr 1. n nWe confirm that the management has taken note of the basis of qualification and will ensure continued monitoring of the recoverability of these receivables. Any material charge in circumstances impacting the recoverability will be approgpriately disclosed and accounted for in subsequent financial statements in accordance with applicable standards.
Textual Information(10) NA


Signatories detail
Name of CEO / Managing director RAJESH THAKUR
Name of CFO VEENA PANI CHAUDHARY
Name of audit committee chairman RAJESH RAMNANI
Name of statutory auditor CA MAHENDRASINGH S RAO
Name of other signatory, if any, with designation NA
Place Ahmedabad
Date 30-May-2025


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 GVP INFOTECH LIMITED Drashti ketan jain Company secretary Remuneration 102000 NA 102000 0 34000
2 GVP INFOTECH LIMITED Rajesh Thakur Managing Director Remuneration 100000 NA 100000 0 100000
3 GVP INFOTECH LIMITED Linkstar Infosys Private Limited Holding share Any other transaction sale Transaction 2500000 NA 2500000 0 0
4 GVP INFOTECH LIMITED Linkstar Infosys Private Limited Holding share Any other transaction unsecured Loan taken 37674000 NA 37674000 285000 0
5 GVP INFOTECH LIMITED Linkstar Infosys Private Limited Holding share Any other transaction unsecured Loan repaid 37959000 NA 37959000 0 0
6 GVP INFOTECH LIMITED Linkstar Infosys Private Limited Holding share Any other transaction unsecured loan 1339000 NA 1339000 0 1339000
Total value of transaction during the reporting period 79674000





Format for Disclosing Outstanding Default on Loans and Debt Securities
Sr. No. Particulars Amount Remarks
1. Loans / revolving facilities like cash credit from banks / financial institutions
A Total amount outstanding as on date 0
B Of the total amount outstanding, amount of default as on date 0
2. Unlisted debt securities i.e. NCDs and NCRPS
A Total amount outstanding as on date 0
B Of the total amount outstanding, amount of default as on date 0
3. Total financial indebtedness of the listed entity including short-term and long-term debt 0