INTEGRATED FILING — Other than Banks



General information about company

Scrip code 000000
NSE Symbol HVAX
MSEI Symbol NOTLISTED
ISIN INE0TO501019
Name of Company HVAX Technologies Limited
Type of company SME
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 17-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 14-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Half Yearly
Reporting Quarter Yearly
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 Project Contractor
Start date and time of board meeting 17-May-2025   11:00:00
End date and time of board meeting 17-May-2025   14:30:00
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 2025-05-07
Indicate Company website link for updated RPT policy of the Company https://www.hvax.in/investor-relations.php
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
COMPANY HAS NOT ACCEPTED ANY LOAN AND DEBT SECURITIES DURING HALF YEAR AND FINANCIAL YEAR ENDED 31ST MARCH 2025


Financial Results — Other than Bank
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-Oct-2024 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 Revenue From Operations
Revenue from operations 846638000 1310319000
Other income 2808000 3890000
Total Income 849446000 1314209000
2 Expenses
(a) Cost of materials consumed 523748000 791675000
(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 70810000 130219000
(e) Finance costs 13852000 24705000
(f) Depreciation and amortisation expense 7077000 15429000
(g) Other Expenses
1 Other Expenses 136684000 202580000
Total other expenses 136684000 202580000
Total expenses 752171000 1164608000
3 Profit before exceptional and extraordinary items and tax 97275000 149601000
4 Exceptional items 0 0
5 Profit before extraordinary items and tax 97275000 149601000
6 Extraordinary items 0 0
7 Profit before tax 97275000 149601000
8 Tax Expense
Current tax 25682000 39929000
Deferred tax -594000 -769000
Total tax expenses 25088000 39160000
9 Net Profit Loss for the period from continuing operations 72187000 110441000
10 Profit (loss) from discontinuing operations before tax 0 0
11 Tax expense of discontinuing operations 0 0
12 Net profit (loss) from discontinuing operation after tax 0 0
13 Profit (loss) for period before minority interest 72187000 110441000
14 Share of profit (loss) of associates
15 Profit (loss) of minority interest
16 Net profit (Loss) for the period 72187000 110441000
17 Details of equity share capital
Paid-up equity share capital 27769000 27769000
Face value of equity share capital 10 10
18 Reserves excluding revaluation reserve 692387000
19 Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 27.2 45.9
Diluted earnings (loss) per share from continuing and discontinued operations 27.2 45.9
20 Debt equity ratio
21 Debt service coverage ratio
22 Interest service coverage ratio
23 Disclosure of notes on financial results


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


Cash flow statement — indirect
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
1 Statement of cash flows
Cash flows from used in operating activities
Profit before extraordinary items and tax 149601000
2 Adjustments for reconcile profit (loss)
Adjustments to profit (loss)
Adjustments for finance costs 24705000
Adjustments for depreciation and amortisation expense 15429000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 45000
Adjustments for share-based payments 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 2956000
Other adjustments for non-cash items -836000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments to profit (loss) 42209000
3 Adjustments for working capital
Adjustments for decrease (increase) in inventories -4898000
Adjustments for decrease (increase) in trade receivables -465294000
Adjustments for decrease (increase) in other current assets -27619000
Adjustments for increase (decrease) in trade payables 95168000
Adjustments for increase (decrease) in other current liabilities 24395000
Adjustments for provisions -12000
Total adjustments for working capital -378260000
Total adjustments for reconcile profit (loss) -336051000
Net cash flows from (used in) operations -186450000
Dividends received 0
Interest paid 0
Interest received -3009000
Income taxes paid (refund) 29926000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities before extraordinary items -219385000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) operating activities -219385000
4 Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property plant and equipment 0
Purchase of property plant and equipment 3199000
Proceeds from sales of intangible assets 836000
Purchase of intangible 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 45000
Interest received 3009000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 3397000
Proceeds from government grants 0
Net cash flows from (used in) investing activities before extraordinary items 4088000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) investing activities 4088000
Cash flows from used in financing activities
Proceeds from issuing shares 7320000
Proceeds from issuing other equity instruments 292612000
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 63067000
Repayments of borrowings 26974000
Dividends paid 0
Interest paid 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash -24705000
Net cash flows from (used in) financing activities before extraordinary items 311320000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) financing activities 311320000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 96023000
6 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 96023000
Cash and cash equivalents cash flow statement at beginning of period 46707000
Cash and cash equivalents cash flow statement at end of period 142730000


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
Equity and liabilities
1 Shareholders' funds
Share capital 27769000
Reserves and surplus 692387000
Money received against share warrants 0
Total shareholders' funds 720156000
2 Share application money pending allotment 0
3 Deferred government grants 0
4 Minority interest
5 Non-current liabilities
Long-term borrowings 22211000
Deferred tax liabilities (net) 0
Foreign currency monetary item translation difference liability account 0
Other long-term liabilities 0
Long-term provisions 12019000
Total non-current liabilities 34230000
6 Current liabilities
Short-term borrowings 257612000
Trade Payables
(A) Total outstanding dues of micro enterprises and small enterprises 18560000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 136625000
Total Trade payable 155185000
Other current liabilities 35322000
Short-term provisions 13103000
Total current liabilities 461222000
Total equity and liabilities 1215608000
Assets
1 Non-current assets
i Property, Plant and Equipment and Intangible assets
Property, Plant and Equipment 76403000
Producing properties 0
Intangible assets 1181000
Preproducing properties 0
Property, Plant and Equipment capital work-in-progress 0
Intangible assets under development or work-in-progress 0
Total Property, Plant and Equipment and Intangible assets 77584000
ii Non-current investments 300000
v Deferred tax assets (net) 2307000
vi Foreign currency monetary item translation difference asset account 0
vii Long-term loans and advances 0
viii Other non-current assets 7778000
Total non-current assets 87969000
Current assets
Current investments 0
Inventories 205833000
Trade receivables 714355000
Cash and cash equivalents 142730000
Bank balance other than cash and cash equivalents 0
Short-term loans and advances 1062000
Other current assets 63659000
Total current assets 1127639000
Total assets 1215608000
Disclosure of notes on assets and liabilities


Format for Reporting Segment 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-Oct-2024 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
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
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 Keyur Shah & Associates Yes 31-Jul-2027


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


Signatories details

Name of CEO / Managing director
Name of CFO
Name of audit committee chairman
Name of statutory auditor
Name of other signatory, if any, with designation
Place
Date


Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)
Mode of Fund Raising Public Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 01-Oct-2024
Amount Raised 300000000
Report filed for Quarter ended 31-Mar-2025
Monitoring Agency Not Applicable
Monitoring Agency Name, if applicable
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation
Comments of the Audit Committee after review
Comments of the auditors, if any
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 Working Capital requirement NA 217000000 0 101500000 0
2 General Corporate Purpose NA 83000000 0 83000000 0


Signatory Details
Name of signatory Nirbhaynarayan Singh
Designation of person Director
Place Mumbai
Date 17-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 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 Hvax Technologies Ltd Forgex Technologies Ltd. Group Companies Purchase of goods or services 125837000 Approved 125837000 0 82657000
2 Hvax Technologies Ltd PNX Enterprises Group Companies Any other transaction Consultancy Service 2037000 Approved 2037000 0 0
3 Hvax Technologies Ltd PNX Enterprises Group Companies Any other transaction Rent 3000000 Approved 540000 540000 540000
4 Hvax Technologies Ltd Isovax Technologies Group Companies Purchase of goods or services 52734000 Approved 52734000 0 -6236000
5 Hvax Technologies Ltd Hvax Engineering Group Companies Purchase of goods or services 89703000 Approved 89703000 7000 -37736000
6 Hvax Technologies Ltd Pharind Pharmaceutical Pvt. Ltd. Group Companies Any other transaction Business 400000 Approved 400000 5000 0
7 Hvax Technologies Ltd Nirbhaynarayan Singh Director Loan 0 Approved 0 21387000 87000 Loan 0 0 Unsecured Operation
8 Hvax Technologies Ltd Nirbhaynarayan Singh Director Remuneration 6450000 Approved 6450000 963000 1262000
9 Hvax Technologies Ltd Prayagdatt Mishra Director Loan 0 Approved 0 25085000 85000 Loan 0 0 Unsecured Operation
10 Hvax Technologies Ltd Prayagdatt Mishra Director Remuneration 6450000 Approved 6450000 961000 1254000
11 Hvax Technologies Ltd Abha Singh Promoter group Remuneration 1650000 Approved 1650000 303000 410000
12 Hvax Technologies Ltd Sudha Mishra Promoter group Remuneration 1665000 Approved 1665000 303000 410000
Total value of transaction during the reporting period 287466000





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
B Of the total amount outstanding, amount of default as on date
2. Unlisted debt securities i.e. NCDs and NCRPS
A Total amount outstanding as on date
B Of the total amount outstanding, amount of default as on date
3. Total financial indebtedness of the listed entity including short-term and long-term debt