INTEGRATED FILING — Other than Banks



General information about company

Scrip code 000000
NSE Symbol VGINFOTECH
MSEI Symbol NOTLISTED
ISIN INE0VRH01015
Name of Company Virtual Galaxy Infotech 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 22-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 19-05-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
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 & IT Enabled Services
Start date and time of board meeting 22-05-2026   02:30:00
End date and time of board meeting 22-05-2026   03:15:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification 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
(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 16-09-2024
Indicate Company website link for updated RPT policy of the Company https://www.vgipl.com/investors_info/corporate-governance
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? Yes
No. of times funds raised during the quarter 1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Not Applicable


Financial Results — Other than Bank

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
1 Revenue From Operations
Revenue from operations 5,466.07 18,205.64
Other income 77.57 127.46
Total Income 5,543.64 18,333.10
2 Expenses
(a) Cost of materials consumed 1,924.97 6,824.99
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 1.21 3.32
(d) Employee benefit expense 409.95 1,503.58
(e) Finance costs 90.02 294.70
(f) Depreciation and amortisation expense 755.86 1,803.60
(g) Other Expenses
1 Direct Expenses 74.77 171.93
2 Indirect Expenses 283.97 1,282.49
Total other expenses 358.74 1,454.42
Total expenses 3,540.75 11,884.61
3 Profit before exceptional and extraordinary items and tax 2,002.89 6,448.49
4 Exceptional items 0.00 0.00
5 Profit before extraordinary items and tax 2,002.89 6,448.49
6 Extraordinary items 0.00 0.00
7 Profit before tax 2,002.89 6,448.49
8 Tax Expense
Current tax 410.10 1,707.97
Deferred tax 143.49 131.22
Total tax expenses 553.59 1,839.19
9 Net Profit Loss for the period from continuing operations 1,449.30 4,609.30
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 1,449.30 4,609.30
14 Share of profit (loss) of associates
15 Profit (loss) of minority interest
16 Net profit (Loss) for the period 1,449.30 4,609.30
17 Details of equity share capital
Paid-up equity share capital 2,486.86 2,486.86
Face value of equity share capital 10 10
18 Reserves excluding revaluation reserve 19,358.61
19 Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 6.04 19.2
Diluted earnings (loss) per share from continuing and discontinued operations 6.04 19.2
20 Debt equity ratio 22.1100 22.1100
21 Debt service coverage ratio 2.9800 8.8700
22 Interest service coverage ratio 31.6500 29.00
23 Disclosure of notes on financial results Textual Information(1)


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Textual Information(1) 1.The above said financial results have been reviewed by the Audit committee in their meeting on 22nd May 2026 and approved by board of Directors in their meeting held on 22nd May 2026. 2.There is no investor complaints received/pending as on March 31st, 2026. 3.The Statutory Auditors have expressed an unmodified opinion on the aforesaid results. 4.As per MCA notification dated 16th February, 2015, companies whose shares are listed on SME as referred in Chapter XB(LODR)2015 are exempted from adoption of IND AS. As company is covered under exempted category, it has not adopted IND AS for the preparation of financial results. The Statements is prepared in accordance with the requirement of Accounting Standards (AS) specified under section 133 of the Companies Act, 2013 read with rule 7 of the Companies (Accounts) Rules, 2014. 5.The Company has voluntarily adopted quarterly financial reporting post half year ended September 30th, 2025. Accordingly, the unaudited standalone financial results for the quarter ended December 31st, 2025 were presented, while the previously declared results pertained to the half-year ended September 30th, 2025. 6.All activities of the company revolve around the main business and as such there is no separate reportable business segment and all the operations of the company are conducted within India as such there is no separate reportable geographical segment. 7.The Financial Results for the quarter ended 31st March, 2026 are the balancing figures between the audited data in respect of full financial year and year to date unaudited figure of quarter ended 31st December 2025. 8.The company transitioned from an Unlisted Public Limited Company to a Listed Public Limited Company during the reporting period as the shares were listed on the National Stock Exchange`s Emerging Platform on May 19, 2025. 9.The Company has amended its Object Clause pursuant to the approval of the shareholders at the Extra Ordinary General Meeting held on September 29, 2025. The shareholders approved the revision and reallocation of funds as follows: ` 630 lakhs towards capital expenditure for the acquisition of leasehold land at MIHAN SEZ, Nagpur, and ` 2,796 lakhs towards meeting the Company`s working capital requirements, in accordance with applicable laws and regulations. Auditor`s opinion is not modified in respect of this matter. 10.With respect to capital expenditure for the acquisition of leasehold land at MIHAN SEZ, Nagpur, the Company has made full and final payment of ` 628.08 lakhs towards lease charges in January 2026. The total lease consideration amounts to ` 698.08 lakhs, which has been capitalized as Leased Land as disclosed in Note 2.10 to the financial statements, and will be amortized over the lease period of 99 years. The lease agreement for the said land is currently under process and remains to be signed as at the date of approval of these financial statements. Auditor`s opinion is not modified in respect of this matter. 11.The Board of Directors of the Company has declared a dividend of ` 1 per equity share as an Interim Dividend (being 10% of the face value of `10 per share) out of its free reserves for the financial year ended 31st March 2026. The total dividend declared amounts to ` 248.69 lakhs. Out of the above, the gross dividend amounting to ` 1.88 lakhs remained unpaid as on 31st March 2026. The Company paid dividend amount from an earmarked bank account in compliance with the provisions of the Companies Act, 2013. There is no unpaid dividend as on the date of signing this report. Auditor`s opinion is not modified in respect of this matter. 12.Earnings per share (EPS) for both the current year and the previous year have been recalculated using the weighted average number of shares, and the corresponding changes have been reflected in the EPS note forming part of the financial result. Auditor`s opinion is not modified in respect of this matter. Auditor`s opinion is not modified in respect of this matter. 13.The Company has carried out a preliminary assessment of the impact of the aforesaid labor codes which are introduced during the reporting period, on its financial statements. Based on such assessment, the Company believes that the impact, if any, is not material as at the reporting date. The Company is in the process of evaluating the detailed implications of the new codes and will give effect to the same as and when the relevant rules and clarifications are fully notified and become applicable. Auditor`s opinion is not modified in respect of this matter. 14.During FY 2025`26, the Board approved the issue of 12,43,432 warrants convertible into equity shares to the Promoter and Promoter Group at its meeting held on February 14, 2026, which was subsequently approved by the shareholders on March 17, 2026. The Company received in-principal approval from NSE vide letter ref. no. NSE/LIST/53681 dated April 10, 2026. Pursuant thereto, and upon receipt of 25% subscription consideration, the Board approved the allotment of warrants on April 23, 2026. Since the consideration and allotment were affected in April 2026, the same had no impact on the Balance Sheet as at March 31, 2026. The purpose for the issue is for Working Capital requirement. Auditor`s opinion is not modified in respect of this matter. 15.During the year, the accounting software used by the Company had the audit trail functionality enabled. However, pursuant to the change in the registered address of the Company, the audit trail feature was subsequently not activated. The management is taking necessary steps to ensure compliance with the applicable audit trail requirements. Auditor`s opinion is not modified in respect of this matter. 16.Figures of the previous year/period have been regrouped/ rearranged wherever considered necessary.


Remarks

20 Debt equity ratio
21 Debt service coverage ratio
22 Interest service coverage ratio


Cash flow statement — indirect

Amount in (Lakhs)

A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
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 6,448.49
2 Adjustments for reconcile profit (loss)
Adjustments to profit (loss)
Adjustments for finance costs 294.70
Adjustments for depreciation and amortisation expense 1,803.61
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
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 0.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments to profit (loss) 2,098.31
3 Adjustments for working capital
Adjustments for decrease (increase) in inventories 3.32
Adjustments for decrease (increase) in trade receivables (987.21)
Adjustments for decrease (increase) in other current assets (1,392.32)
Adjustments for increase (decrease) in trade payables 468.23
Adjustments for increase (decrease) in other current liabilities 177.37
Adjustments for provisions (73.42)
Total adjustments for working capital (1,804.03)
Total adjustments for reconcile profit (loss) 294.28
Net cash flows from (used in) operations 6,742.77
Dividends received 0.00
Interest paid 0.00
Interest received (98.92)
Income taxes paid (refund) 1,707.97
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities before extraordinary items 4,935.88
Proceeds from extraordinary items 0.00
Payment for extraordinary items 0.00
Net cash flows from (used in) operating activities 4,935.88
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 7,840.75
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 2,548.78
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 0.00
Income taxes paid (refund) (98.92)
Other inflows (outflows) of cash (270.39)
Proceeds from government grants 0.00
Net cash flows from (used in) investing activities before extraordinary items (10,561.00)
Proceeds from extraordinary items 0.00
Payment for extraordinary items 0.00
Net cash flows from (used in) investing activities (10,561.00)
Cash flows from used in financing activities
Proceeds from issuing shares 657.00
Proceeds from issuing other equity instruments 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 3,817.94
Repayments of borrowings 2,952.59
Dividends paid 0.00
Interest paid 294.70
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 7,260.04
Net cash flows from (used in) financing activities before extraordinary items 8,487.69
Proceeds from extraordinary items 0.00
Payment for extraordinary items 0.00
Net cash flows from (used in) financing activities 8,487.69
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 2,862.57
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 2,862.57
Cash and cash equivalents cash flow statement at beginning of period 255.75
Cash and cash equivalents cash flow statement at end of period 3,118.32


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Equity and liabilities
1 Shareholders' funds
Share capital 2,486.86
Reserves and surplus 19,358.61
Money received against share warrants 0.00
Total shareholders' funds 21,845.47
2 Share application money pending allotment 0.00
3 Deferred government grants 0.00
4 Minority interest
5 Non-current liabilities
Long-term borrowings 3,592.61
Deferred tax liabilities (net) 215.66
Foreign currency monetary item translation difference liability account 0.00
Other long-term liabilities
Total of Other long-term liabilities
Long-term provisions 83.44
Total non-current liabilities 3,891.71
6 Current liabilities
Short-term borrowings 1,245.30
Trade Payables
(A) Total outstanding dues of micro enterprises and small enterprises 86.88
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 810.64
Total Trade payable 897.52
Other current liabilities
1 Other Current Liabilities 538.53
Total of Other long-term liabilities 538.53
Short-term provisions 1,495.15
Total current liabilities 4,176.50
Total equity and liabilities 29,913.68
Assets
1 Non-current assets
i Property, Plant and Equipment and Intangible assets
Property, Plant and Equipment 14,185.79
Producing properties 0.00
Intangible assets 3,836.45
Preproducing properties 0.00
Property, Plant and Equipment capital work-in-progress 978.01
Intangible assets under development or work-in-progress 1,236.34
Total Property, Plant and Equipment and Intangible assets 20,236.59
ii Non-current investments 0.00
v Deferred tax assets (net) 0.00
vi Foreign currency monetary item translation difference asset account 0.00
vii Long-term loans and advances 0.00
Other non-current assets
1 Other Non Current Assets 609.06
Total of Other non-current assets 609.06
Total non-current assets 20,845.65
Current assets
Current investments 0.00
Inventories 4.13
Trade receivables 3,215.81
Cash and cash equivalents 3,118.32
Bank balance other than cash and cash equivalents 0.00
Short-term loans and advances 2,144.37
Other current assets
1 Other Current assets 585.40
Total of Other current assets 585.40
Total current assets 9,068.03
Total assets 29,913.68
Disclosure of notes on assets and liabilities Textual Information(1)


Text Block

Textual Information(1)


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

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results 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
Net Segment Asset
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities
Net Segment Liabilities
Disclosure of notes on segments




Details of Impact of Audit Qualification

Amount in (Lakhs)

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 K. K. Mankeshwar & Co. Yes 30-04-2028


Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)

Amount in (Lakhs)

Mode of Fund Raising Public Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 19-05-2025
Amount Raised 9,329.40
Report filed for Quarter ended 31-03-2026
Monitoring Agency Applicable
Monitoring Agency Name, if applicable Infomerics Valuation & rating Limited
Is there a Deviation / Variation in use of funds raised Yes
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders No
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation The company has utilized Rs. 5.95 crores towards various expenses from IPO proceeds during Q4FY2026 for objects other than in the revised offer document. However, subsequent to the monitoring period ending 31st March 2026, the same has been reinstated through other company receipts. The funds were credited in the bank account on 07 April and 9th April 2026.
Comments of the Audit Committee after review Nil
Comments of the auditors, if any Nil
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any
1 0 0 0.00 0.00 0.00 0.00 The company has utilized Rs. 5.95 crores towards various expenses from IPO proceeds during Q4FY2026 for objects other than in the revised offer document. However, subsequent to the monitoring period ending 31st March 2026, the same has been reinstated through other company receipts. The funds were credited in the bank account on 07 April and 9th April 2026.


Signatory Details

Name of signatory Gaurav Jain
Designation of person Director
Place Delhi
Date 15-05-2026


Amount in (Lakhs)

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity /subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Virtual Galaxy Infotech Limited Avinash N Shende Executive Director & CFO Remuneration Not Applicable 152.00 0.00 0.00
2 Virtual Galaxy Infotech Limited Sachin P Pande Managing Director & CTO Remuneration Not Applicable 152.00 0.00 0.00
3 Virtual Galaxy Infotech Limited Shilpa Shende Spouse of the Director Remuneration Not Applicable 18.00 0.00 0.00
4 Virtual Galaxy Infotech Limited Sampada Pande Spouse of the Director Remuneration Not Applicable 18.00 0.00 0.00
5 Virtual Galaxy Infotech Limited Anjali Padhye Key Managerial Personnel Remuneration Not Applicable 18.70 0.00 0.00
6 Virtual Galaxy Infotech Limited Paynext Private Limited Enterprises over which parties listed in have significant influence and transactions are carried out during the year. Sale of goods or services 2,000.00 No remarks 1,692.26 1,032.07 21.46 Any other Trade receivable 0 0
7 Virtual Galaxy Infotech Limited Virtual Galaxy Fintech Private Limited Enterprises over which parties listed in have significant influence and transactions are carried out during the year. Purchase of goods or services 2,000.00 No remarks 1,991.64 8.77 0.00
8 Virtual Galaxy Infotech Limited Paynext Private Limited Enterprises over which parties listed in have significant influence and transactions are carried out during the year. Purchase of goods or services 2,000.00 No remarks 0.00 4.20 0.00
9 Virtual Galaxy Infotech Limited Paynext Private Limited Enterprises over which parties listed in have significant influence and transactions are carried out during the year. Loan 2,000.00 No remarks 807.00 807.00 0.00
10 Virtual Galaxy Infotech Limited Virtual Galaxy Fintech Private Limited Enterprises over which parties listed in have significant influence and transactions are carried out during the year. Advance 2,000.00 No remarks 377.14 0.00 377.14 Any other Trade Advance 0 0 Advance 0 0 Unsecured Ordinary course of Business
11 Virtual Galaxy Infotech Limited Paynext Private Limited Enterprises over which parties listed in have significant influence and transactions are carried out during the year. Advance 2,000.00 No remarks 284.89 0.00 284.89 Any other Trade Advance 0 0 Advance 0 0 Unsecured Ordinary course of Business
12 Virtual Galaxy Infotech Limited Avinash N Shende Executive Director & CFO Loan Not Applicable 187.00 90.04 277.04 Loan 0 0
13 Virtual Galaxy Infotech Limited Sachin P Pande Managing Director & CTO Loan Not Applicable 285.00 0.00 285.00 Loan 0 0
Total value of transaction during the reporting period 5,983.63