INTEGRATED FILING — Other than Banks



General information about company

Scrip code 000000
NSE Symbol FROG
MSEI Symbol NOTLISTED
ISIN INE385O01018
Name of Company FROG CELLSAT 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 20-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 12-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 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 20-May-2025   15:15:00
End date and time of board meeting 20-May-2025   16:10:00
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 2025-05-20
Indicate Company website link for updated RPT policy of the Company www.frogcellsat.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.


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 1396331000 2193509000
Other income 718000 28077000
Total Income 1397049000 2221586000
2 Expenses
(a) Cost of materials consumed 720633000 1211517000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 35908000 3359000
(d) Employee benefit expense 64059000 117849000
(e) Finance costs 8473000 9721000
(f) Depreciation and amortisation expense 19263000 42651000
(g) Other Expenses
1 Installation cost 182691000 338225000
2 Other Expenditure 104618000 171271000
Total other expenses 287309000 509496000
Total expenses 1135645000 1894593000
3 Profit before exceptional and extraordinary items and tax 261404000 326993000
4 Exceptional items -278000 0
5 Profit before extraordinary items and tax 261126000 326993000
6 Extraordinary items 0 0
7 Profit before tax 261126000 326993000
8 Tax Expense
Current tax 74891000 78448000
Deferred tax 1998000 12970000
Total tax expenses 76889000 91418000
9 Net Profit Loss for the period from continuing operations 184237000 235575000
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 184237000 235575000
14 Share of profit (loss) of associates
15 Profit (loss) of minority interest
16 Net profit (Loss) for the period 184237000 235575000
17 Details of equity share capital
Paid-up equity share capital 15528900000000 15528900000000
Face value of equity share capital 10 10
18 Reserves excluding revaluation reserve 0
19 Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 11.91 15.22
Diluted earnings (loss) per share from continuing and discontinued operations 11.91 15.22
20 Debt equity ratio 0.0 0.0
21 Debt service coverage ratio 0.0 0.0
22 Interest service coverage ratio 0.0 0.0
23 Disclosure of notes on financial results Textual Information(1)


Text Block
Textual Information(1) Notes on Standalone Financial Results : 1. The audited standalone financial results for the quarter and year ended on March 31st, 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 May 20th, 2025. 2. The Statutory auditors of the company have carried out statutory audit of these results and the audited 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 company approved the Employee Stock Purchase Scheme 2023 (ESPS) during the Board Meeting held on May 28th, 2023 and same scheme was subsequently approved by members during the Annual General Meeting held on August 8th , 2023. The total ESPS compensation expenses in the year ended March 31st, 2025 amounted to Rs. 262.21 Lakhs, of which Rs. 194.66 lakhs were recognised as expenses and Rs. 67.55 lakhs were capitalised as R&D Cost. 4. The PLI income of Rs. 599.15 lakhs has been recognised during the year ended March 31st, 2025. The PLI income of Rs. 154.41 lakhs has been recognized in the quarter ended March 31st, 2025, based on management's judgment as the company expects to meet all the necessary conditions to receive the PLI incentive income by the year-end, including additional investment on the basis of its past experience. Therefore, the PLI incentive income for the eligible sales for the quarter and year ended March 31st, 2025, has been recognized in the books. Out of the accrued PLI income of Rs. 276.27 lakhs for FY 2023–24, approval from the DoT has been received for Rs. 247.31 lakhs, and the amount has been received. The remaining Rs. 28.96 Lakhs, related to the Design Led Incentive (DLI), has been reversed in the books due to uncertainty in receiving the amount, as the patent was not registered within the stipulated deadline, one of the conditions for availing the DLI. 5. The R&D Expenditure of Rs. 291.62 Lakhs have been capitalised during the year ended March 31st, 2025. R&D Expenditure of Rs. 88.08 Lakhs have been capitalised in books in the quarter ended March 31st, 2025 based on management's judgement and based on the past experience of the company that the new products would fulfil the necessary conditions for capitalising the R&D expenditure. 6. The Company received an incentive amounting to Rs. 401.80 Lakhs from the Government of Uttar Pradesh under the provisions of its U.P. ELECTRONICS MANUFACTURING POLICY - 2017. Of this total, Rs. 21.80 Lakhs has been recognised as Income under the head Interest from others . The remaining sum of Rs. 380.00 Lakhs has been applied to reduce the Written Down Value(WDV) of the corresponding assets for which the incentive was provided, with this reduction being systematically amortized over the respective assets' useful life. 7. Figures for the quarter ending March 31st, 2025 represent the difference between audited figures in respect of full financial year and the unaudited published figures for the nine month period ended December 31st, 2024. 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', hence it is reporting its results in 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 year ended March 31st, 2025. 11. No dividends were declared by the company during the year. 12. The results of the company are available at the Company's website and website of stock exchange where the Equity shares of the Company are listed (www.nseindia.com).


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 326993000
2 Adjustments for reconcile profit (loss)
Adjustments to profit (loss)
Adjustments for finance costs 0
Adjustments for depreciation and amortisation expense 42651000
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 0
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) 0
Other adjustments for non-cash items -2713000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments to profit (loss) 39938000
3 Adjustments for working capital
Adjustments for decrease (increase) in inventories -83870000
Adjustments for decrease (increase) in trade receivables -482511000
Adjustments for decrease (increase) in other current assets 68702000
Adjustments for increase (decrease) in trade payables 208089000
Adjustments for increase (decrease) in other current liabilities -25526000
Adjustments for provisions -25247000
Total adjustments for working capital -340363000
Total adjustments for reconcile profit (loss) -300425000
Net cash flows from (used in) operations 26568000
Dividends received -2000
Interest paid -7306000
Interest received -2309000
Income taxes paid (refund) 57500000
Other inflows (outflows) of cash -82000
Net cash flows from (used in) operating activities before extraordinary items -26019000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) operating activities -26019000
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 -29000
Proceeds from sales of intangible assets 0
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 2000
Interest received 2392000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -74204000
Proceeds from government grants 0
Net cash flows from (used in) investing activities before extraordinary items -71781000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) investing activities -71781000
Cash flows from used in financing activities
Proceeds from issuing shares 933000
Proceeds from issuing other equity instruments 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 155117000
Repayments of borrowings 0
Dividends paid 0
Interest paid 7306000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities before extraordinary items 148744000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) financing activities 148744000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 50944000
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 50944000
Cash and cash equivalents cash flow statement at beginning of period 12001000
Cash and cash equivalents cash flow statement at end of period 62945000


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 155289000
Reserves and surplus 1429328000
Money received against share warrants 0
Total shareholders' funds 1584617000
2 Share application money pending allotment 0
3 Deferred government grants
4 Minority interest
5 Non-current liabilities
Long-term borrowings 0
Deferred tax liabilities (net)
Foreign currency monetary item translation difference liability account
Other long-term liabilities
Long-term provisions 17697000
Total non-current liabilities 17697000
6 Current liabilities
Short-term borrowings 202040000
Trade Payables
(A) Total outstanding dues of micro enterprises and small enterprises 133832000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 165092000
Total Trade payable 298924000
Other current liabilities 54254000
Short-term provisions 18269000
Total current liabilities 573487000
Total equity and liabilities 2175801000
Assets
1 Non-current assets
i Property, Plant and Equipment and Intangible assets
Property, Plant and Equipment 744811000
Producing properties
Intangible assets 53572000
Preproducing properties
Property, Plant and Equipment capital work-in-progress
Intangible assets under development or work-in-progress
Total Property, Plant and Equipment and Intangible assets 798383000
ii Non-current investments 8856000
v Deferred tax assets (net) 8038000
vi Foreign currency monetary item translation difference asset account
vii Long-term loans and advances 29938000
viii Other non-current assets 54042000
Total non-current assets 899257000
Current assets
Current investments 0
Inventories 318478000
Trade receivables 790760000
Cash and cash equivalents 62944000
Bank balance other than cash and cash equivalents 0
Short-term loans and advances 28007000
Other current assets 76355000
Total current assets 1276544000
Total assets 2175801000
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 Singhi Chugh & Kumar Yes 31-Aug-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


Signatory Details
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 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 Cellsat Limited Konark Trirvedi Managing Director Remuneration N.A. 4897000 105000 3641000
2 Frog Cellsat Limited Sonal Trivedi Whole Time Director Remuneration N.A. 906000 147000 1845000
3 Frog Cellsat Limited Tarun Tularam Sharma Executive Director Remuneration N.A. 3871000 85000 -107000
4 Frog Cellsat Limited Umesh Singh Deputy Chief Executive Officer Remuneration N.A. 3074000 62000 -204000
5 Frog Cellsat Limited Charan Jeet Kalra Chief Financial Officer Remuneration N.A. 1785000 89000 34000
6 Frog Cellsat Limited Rajat Sharma Deputy Company Secretary & Compliance Officer Remuneration N.A. 301000 50000 50000
7 Frog Cellsat Limited Barathy Sundaram Independent Director Any other transaction Sitting Fees N.A. 125000 0 0
8 Frog Cellsat Limited Ajay Kalayil Chacko Independent Director Any other transaction Sitting Fees N.A. 125000 0 0
9 Frog Cellsat Limited Kamal Nath Independent Director Any other transaction Sitting Fees N.A. 125000 0 0
10 Frog Cellsat Limited Frog Services Private Limited Wholly Owned Subsidiary Purchase of goods or services Approved 237983000 94178000 -13904000
11 Frog Cellsat Limited Frog Tele Private Limited Wholly Owned Subsidiary Any other transaction Rent paid Approved 1200000 492000 0
12 Frog Cellsat Limited Frog Services Private Limited Wholly Owned Subsidiary Any other transaction Rent Received Approved 120000 0 0
13 Frog Cellsat Limited Frog Tele Private Limited Wholly Owned Subsidiary Any other transaction Security Given Approved 1025000 47480000 48505000
Total value of transaction during the reporting period 255537000





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