| Scrip code | 000000 |
|---|---|
| NSE Symbol | FROG |
| MSEI Symbol | NOTLISTED |
| ISIN | INE385O01018 |
| Name of Company | FROG INNOVATIONS LIMITED |
| Type of company | SME |
| Class of security | Equity |
| Date of start of financial year | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Date of board meeting when results were approved | 13-11-2025 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 05-11-2025 |
| 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 | Manufacturing and installation of in-building coverage solutions and mobile network accessories for mobile service providers and operators |
| Start date and time of board meeting | 13-11-2025 15:15:00 |
| End date and time of board meeting | 13-11-2025 16:00:00 |
| 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 |
| (III) 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 | 20-05-2025 |
| Indicate Company website link for updated RPT policy of the Company | www.froginno.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 |
| Disclosure for the default on loans and debt securitties is not applicable to the entity. | |
| 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 | 01-04-2025 | 01-04-2025 |
| B | Date of end of reporting period | 30-09-2025 | 30-09-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| 1 | Revenue From Operations | ||
| Revenue from operations | 4,690.65 | 4,690.65 | |
| Other income | 254.64 | 254.64 | |
| Total Income | 4,945.29 | 4,945.29 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 3,288.31 | 3,288.31 |
| (b) | Purchases of stock-in-trade | 0.00 | 0.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | (469.92) | (469.92) |
| (d) | Employee benefit expense | 649.85 | 649.85 |
| (e) | Finance costs | 54.04 | 54.04 |
| (f) | Depreciation and amortisation expense | 239.32 | 239.32 |
| (g) | Other Expenses | ||
| 1 | Installation cost | 608.76 | 608.76 |
| 2 | Other Expenditure | 641.77 | 641.77 |
| Total other expenses | 1,250.53 | 1,250.53 | |
| Total expenses | 5,012.13 | 5,012.13 | |
| 3 | Profit before exceptional and extraordinary items and tax | (66.84) | (66.84) |
| 4 | Exceptional items | (0.24) | (0.24) |
| 5 | Profit before extraordinary items and tax | (67.08) | (67.08) |
| 6 | Extraordinary items | 0.00 | 0.00 |
| 7 | Profit before tax | (67.08) | (67.08) |
| 8 | Tax Expense | ||
| Current tax | 39.33 | 39.33 | |
| Deferred tax | 84.14 | 84.14 | |
| Total tax expenses | 123.47 | 123.47 | |
| 9 | Net Profit Loss for the period from continuing operations | (190.55) | (190.55) |
| 10 | Profit (loss) from discontinuing operations before tax | 0.00 | 0.00 |
| 11 | Tax expense of discontinuing operations | 0.00 | 0.00 |
| 12 | Net profit (loss) from discontinuing operation after tax | 0.00 | 0.00 |
| 13 | Profit (loss) for period before minority interest | (190.55) | (190.55) |
| 14 | Share of profit (loss) of associates | ||
| 15 | Profit (loss) of minority interest | ||
| 16 | Net profit (Loss) for the period | (190.55) | (190.55) |
| 17 | Details of equity share capital | ||
| Paid-up equity share capital | 1,555.43 | 1,555.43 | |
| Face value of equity share capital | 10 | 10 | |
| 18 | Reserves excluding revaluation reserve | ||
| 19 | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | -1.23 | -1.23 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | -1.23 | -1.23 | |
| 20 | Debt equity ratio | 0.00 | 0.00 |
| 21 | Debt service coverage ratio | 0.00 | 0.00 |
| 22 | Interest service coverage ratio | 0.00 | 0.00 |
| 23 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | Notes on Standalone Financial Results: 1. The unaudited standalone Financial Results for the half-year ended on September 30th, 2025, have been reviewed and recommended by the Audit Committee. These results were subsequently approved by the Board of Directors of the Company during their respective meetings held on November 13th, 2025. 2. The Statutory auditors of the company have carried out limited review of these results and the unaudited standalone financial results have been prepared in accordance with the recognition and measurement principles laid down in the Relevant Accounting Standard prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules thereunder and the terms of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time. 3 The Board of Directors of the company approved the Employee Stock Purchase Scheme 2023 (ESPS) during the Board Meeting held on May 28th, 2023, and the same scheme was subsequently approved by members during the Annual General Meeting held on August 8th, 2023. During the half year ended September 30th, 2025, the company issued 25,400 shares of the company to the employees of the company and its subsidiaries. The total ESPS compensation expenses for the period ended September 30th, 2025, amounted to Rs. 44.38 Lakhs. 4 The R&D Expenditure of Rs. 135.94 Lakhs has been capitalised during the half-year ended September 30th, 2025, based on management's judgement. 5 The Company has changed its name from “Frog Cellsat Limited” to “Frog Innovations Limited.” The change was approved by the Registrar of Companies and became effective on 27th October 2025. 6 In view of improved sales trends for repeaters, longer procurement lead times, and stringent customer delivery timelines, maintaining adequate inventory levels is essential. With enhanced inventory controls and reduced obsolescence risk, management has reduced provision as a fair reflection of the realizable value of inventory. Accordingly, there is a reversal of provision against inventories amounting to Rs. 228.14 Lakhs during the current period. 7 As per the PLI approval letter dated October 31, 2022, the Company is required to achieve eligible incremental sales of Rs. 48 crores for FY 2025–26 to qualify for the PLI incentive. As the sales target has not been achieved as of September 30, 2025, no provision for PLI income has been recognized. 8 As the Company collectively operates only in one business segment, i.e., 'manufacturing and installation of in-building coverage solutions and mobile network accessories for mobile service providers and operators', it is reporting its results in a single segment. The Company operates in a single geographical segment i.e., domestic. 9 Previous Year / Period figures have been recasted/regrouped/reclassified wherever considered necessary to make it comparable with the current period. 10 No Investor's complaints were recorded or received during the half-year ended on 30th September, 2025. 11 The results of the company are available at the Company's website and the website of the stock exchange where the Equity shares of the Company are listed (www.nseindia.com). |
|---|
| 20 | Debt equity ratio | |
|---|---|---|
| 21 | Debt service coverage ratio | |
| 22 | Interest service coverage ratio |
| A | Date of start of reporting period | 01-04-2025 |
|---|---|---|
| B | Date of end of reporting period | 30-09-2025 |
| C | Whether results are audited or unaudited | |
| D | Nature of report standalone or consolidated | Standalone |
| 1 | Statement of cash flows | |
| Cash flows from used in operating activities | ||
| Profit before extraordinary items and tax | (67.08) | |
| 2 | Adjustments for reconcile profit (loss) | |
| Adjustments to profit (loss) | ||
| Adjustments for finance costs | 0.00 | |
| Adjustments for depreciation and amortisation expense | 239.32 | |
| Adjustments for impairment loss reversal of impairment loss recognised in profit or loss | 0.00 | |
| Adjustments for unrealised foreign exchange losses gains | (0.87) | |
| Adjustments for dividend income | (0.01) | |
| Adjustments for share-based payments | 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 | (138.21) | |
| Share of profit and loss from partnership firm or association of persons or limited liability partnerships | 0.00 | |
| Total adjustments to profit (loss) | 100.25 | |
| 3 | Adjustments for working capital | |
| Adjustments for decrease (increase) in inventories | (163.99) | |
| Adjustments for decrease (increase) in trade receivables | 3,901.86 | |
| Adjustments for decrease (increase) in other current assets | (160.83) | |
| Adjustments for increase (decrease) in trade payables | (1,068.68) | |
| Adjustments for increase (decrease) in other current liabilities | (242.89) | |
| Adjustments for provisions | 0.00 | |
| Total adjustments for working capital | 2,265.47 | |
| Total adjustments for reconcile profit (loss) | 2,365.72 | |
| Net cash flows from (used in) operations | 2,298.64 | |
| Dividends received | 0.00 | |
| Interest paid | 0.00 | |
| Interest received | 0.00 | |
| Income taxes paid (refund) | 424.94 | |
| Other inflows (outflows) of cash | (0.01) | |
| Net cash flows from (used in) operating activities before extraordinary items | 1,873.69 | |
| Proceeds from extraordinary items | 0.00 | |
| Payment for extraordinary items | 0.00 | |
| Net cash flows from (used in) operating activities | 1,873.69 | |
| 4 | 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 | 0.00 | |
| Purchase of property plant and equipment | 1,216.37 | |
| Proceeds from sales of intangible assets | 0.00 | |
| Purchase of intangible assets | 0.00 | |
| Cash advances and loans made to other parties | 30.19 | |
| 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 | 0.01 | |
| Interest received | 6.68 | |
| Income taxes paid (refund) | 0.00 | |
| Other inflows (outflows) of cash | (31.87) | |
| Proceeds from government grants | 0.00 | |
| Net cash flows from (used in) investing activities before extraordinary items | (1,271.74) | |
| Proceeds from extraordinary items | 0.00 | |
| Payment for extraordinary items | 0.00 | |
| Net cash flows from (used in) investing activities | (1,271.74) | |
| Cash flows from used in financing activities | ||
| Proceeds from issuing shares | 2.54 | |
| Proceeds from issuing other equity instruments | 0.00 | |
| Proceeds from issuing debentures notes bonds etc | 0.00 | |
| Proceeds from borrowings | 702.74 | |
| Repayments of borrowings | 1,458.61 | |
| Dividends paid | 0.00 | |
| Interest paid | 48.21 | |
| Income taxes paid (refund) | 0.00 | |
| Other inflows (outflows) of cash | 0.00 | |
| Net cash flows from (used in) financing activities before extraordinary items | (801.54) | |
| Proceeds from extraordinary items | 0.00 | |
| Payment for extraordinary items | 0.00 | |
| Net cash flows from (used in) financing activities | (801.54) | |
| Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes | (199.59) | |
| 6 | Effect of exchange rate changes on cash and cash equivalents | |
| Effect of exchange rate changes on cash and cash equivalents | 0.00 | |
| Net increase (decrease) in cash and cash equivalents | (199.59) | |
| Cash and cash equivalents cash flow statement at beginning of period | 629.44 | |
| Cash and cash equivalents cash flow statement at end of period | 429.85 | |
| Particulars | Year ended (dd-mm-yyyy) | ||
|---|---|---|---|
| Date of start of reporting period | 01-04-2025 | ||
| Date of end of reporting period | 30-09-2025 | ||
| Whether results are audited or unaudited | Unaudited | ||
| Nature of report standalone or consolidated | Standalone | ||
| Equity and liabilities | |||
| 1 | Shareholders' funds | ||
| Share capital | 1,555.43 | ||
| Reserves and surplus | 14,160.83 | ||
| Money received against share warrants | 0.00 | ||
| Total shareholders' funds | 15,716.26 | ||
| 2 | Share application money pending allotment | 0.00 | |
| 3 | Deferred government grants | 0.00 | |
| 4 | Minority interest | ||
| 5 | Non-current liabilities | ||
| Long-term borrowings | 702.74 | ||
| Deferred tax liabilities (net) | 3.77 | ||
| Foreign currency monetary item translation difference liability account | 0.00 | ||
| Other long-term liabilities | 0.00 | ||
| Long-term provisions | 192.80 | ||
| Total non-current liabilities | 899.31 | ||
| 6 | Current liabilities | ||
| Short-term borrowings | 561.79 | ||
| Trade Payables | |||
| (A) Total outstanding dues of micro enterprises and small enterprises | 836.31 | ||
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 1,084.51 | ||
| Total Trade payable | 1,920.82 | ||
| Other current liabilities | 296.65 | ||
| Short-term provisions | 63.79 | ||
| Total current liabilities | 2,843.05 | ||
| Total equity and liabilities | 19,458.62 | ||
| Assets | |||
| 1 | Non-current assets | ||
| i | Property, Plant and Equipment and Intangible assets | ||
| Property, Plant and Equipment | 8,222.18 | ||
| Producing properties | 0.00 | ||
| Intangible assets | 637.75 | Preproducing properties | 0.00 |
| Property, Plant and Equipment capital work-in-progress | 100.93 | ||
| Intangible assets under development or work-in-progress | 0.00 | ||
| Total Property, Plant and Equipment and Intangible assets | 8,960.86 | ||
| ii | Non-current investments | 103.15 | |
| v | Deferred tax assets (net) | ||
| vi | Foreign currency monetary item translation difference asset account | ||
| vii | Long-term loans and advances | 329.57 | |
| viii | Other non-current assets | 572.29 | |
| Total non-current assets | 9,965.87 | ||
| Current assets | |||
| Current investments | 0.00 | ||
| Inventories | 3,576.91 | ||
| Trade receivables | 4,005.73 | ||
| Cash and cash equivalents | 429.85 | ||
| Bank balance other than cash and cash equivalents | 0.00 | ||
| Short-term loans and advances | 771.23 | ||
| Other current assets | 709.03 | ||
| Total current assets | 9,492.75 | ||
| Total assets | 19,458.62 | ||
| Disclosure of notes on assets and liabilities | |||
| 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 | 01-04-2025 | 01-04-2025 | |||||
| Date of end of reporting period | 30-09-2025 | 30-09-2025 | |||||
| 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 | |||||||
| Net Segment Asset | |||||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| Total Segment Liabilities | |||||||
| Un-allocable Liabilities | |||||||
| Net Segment Liabilities | |||||||
| Disclosure of notes on segments | |||||||
| Name of signatory | |
| Designation of person | |
| Place | |
| Date |
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 | Frog Innovations Limited | Konark Trivedi | Managing Director | Remuneration | N.A. | 47.67 | 36.41 | 0.84 | |||||||||||||||||
| 2 | Frog Innovations Limited | Sonal Trivedi | Whole Time Director | Remuneration | N.A. | 27.46 | 18.45 | 1.10 | |||||||||||||||||
| 3 | Frog Innovations Limited | Tarun Tularam Sharma | Whole Time Director | Remuneration | N.A. | 33.26 | (1.07) | 2.01 | |||||||||||||||||
| 4 | Frog Innovations Limited | Umesh Singh | Deputy Chief Executive Officer | Remuneration | N.A. | 25.50 | (2.04) | 1.27 | |||||||||||||||||
| 5 | Frog Innovations Limited | Charan Jeet Kalra | Chief Financial Officer | Remuneration | N.A. | 11.69 | 0.34 | 1.10 | |||||||||||||||||
| 6 | Frog Innovations Limited | Rajat Sharma | Deputy Company Secretary & Compliance Officer | Remuneration | N.A. | 3.24 | 0.50 | 0.58 | |||||||||||||||||
| 7 | Frog Innovations Limited | Barathy Sundaram | Independent Director | Any other transaction | Sitting Fees | N.A. | 1.25 | 0.00 | 0.00 | ||||||||||||||||
| 8 | Frog Innovations Limited | Ajay Kalayil Chacko | Independent Director | Any other transaction | Sitting Fees | N.A. | 1.25 | 0.00 | 0.00 | ||||||||||||||||
| 9 | Frog Innovations Limited | Kamal Nath | Independent Director | Any other transaction | Sitting Fees | N.A. | 1.25 | 0.00 | 0.00 | ||||||||||||||||
| 10 | Frog Innovations Limited | Frog Services Private Limited | Wholly Owned Subsidiary | Purchase of goods or services | Approved | 597.85 | (139.04) | 0.00 | |||||||||||||||||
| 11 | Frog Innovations Limited | Gorf Uk Limited | Foreign Wholly Owned Subsidiary | Sale of goods or services | Approved | 1.35 | 0.00 | 0.00 | |||||||||||||||||
| 12 | Frog Innovations Limited | Frog Tele Private Limited | Wholly Owned Subsidiary | Any other transaction | Rent Paid | Approved | 12.00 | 0.00 | 0.00 | ||||||||||||||||
| 13 | Frog Innovations Limited | Frog Services Private Limited | Wholly Owned Subsidiary | Any other transaction | Rent Received | Approved | 1.20 | 0.00 | 0.00 | ||||||||||||||||
| 14 | Frog Innovations Limited | Arijeet Trivedi | Realtive of Director | Remuneration | Approved | 6.01 | 0.00 | 1.00 | |||||||||||||||||
| Total value of transaction during the reporting period | 770.98 | ||||||||||||||||||||||||