INTEGRATED FILING — Other than Banks



General information about company

Scrip code 123456
NSE Symbol CANARYS
MSEI Symbol NOTLISTED
ISIN INE0QG301017
Name of Company CANARYS AUTOMATIONS 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 29-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 21-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 Multi segment
Description of single segment
Start date and time of board meeting 29-May-2025   17:40:00
End date and time of board meeting 29-May-2025   18:50:00
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? No
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? No
(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? No
Latest Date on which RPT policy is updated
Indicate Company website link for updated RPT policy of the Company
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
Regulation 23(9) i.e. Submitting RPT disclosure is not applicable to the Company for the quarter, 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 493010000 859644000
Other income 7953000 14948000
Total Income 500963000 874592000
2 Expenses
(a) Cost of materials consumed 0 0
(b) Purchases of stock-in-trade 175763000 272270000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -10979000 -29209000
(d) Employee benefit expense 194181000 359601000
(e) Finance costs 5869000 8436000
(f) Depreciation and amortisation expense 1285000 2552000
(g) Other Expenses
1 All Other Expenses 67581000 131346000
2 Share Based payment Expenses 3820000 11414000
Total other expenses 71401000 142760000
Total expenses 437520000 756410000
3 Profit before exceptional and extraordinary items and tax 63443000 118182000
4 Exceptional items 0 0
5 Profit before extraordinary items and tax 63443000 118182000
6 Extraordinary items 0 0
7 Profit before tax 63443000 118182000
8 Tax Expense
Current tax 17331000 31835000
Deferred tax -969000 -1536000
Total tax expenses 16362000 30299000
9 Net Profit Loss for the period from continuing operations 47081000 87883000
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 47081000 87883000
14 Share of profit (loss) of associates
15 Profit (loss) of minority interest
16 Net profit (Loss) for the period 47081000 87883000
17 Details of equity share capital
Paid-up equity share capital 11439200000000 11439200000000
Face value of equity share capital 2 2
18 Reserves excluding revaluation reserve 735297000
19 Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 0.84 1.56
Diluted earnings (loss) per share from continuing and discontinued operations 0.8 1.48
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 to the Standalone financial Statements 1. The above Audited Financial Results of the Company for the Half Year and Year ended 31st March, 2025 have been prepared in accordance with the recognition and measurement principles laid down in applicable Accounting Standards ( AS ) as prescribed under the Companies Act, 2013, as amended, read with relevant rules thereunder and in terms of regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 2. The above Audited Results of the Company for the half year and year ended 31st March, 2025 have been reviewed by the Audit Committee and subsequently approved by the Board of Directors at their meeting held on 2 9 May, 2025. 3. The figures for the Half Year ended on March 31, 2025, are the balancing figures between the audited figures in respect of the full Financial Year ended March 31, 2025, and the published unaudited figures of the Year to date (Half Year) ended September 30, 2024, which were subjected to limited review . 4. The Company has identified Technology Solutions and Water resourse Managment solutions as the primary reportable segment as per the AS 17 - Segment reporting. 5. There are no Investors Complaints pending as on 31 st March, 2025. 6. As per the MCA Notifications dated 16th February 2015, companies whose shares are listed on SME Platform as refer to in Chapter XB of SEBI (Issue of capital & Disclosure requirements) regulations 2009 are exempt from the compulsory requirement of adoption of IND-AS. As the company is covered under the exemption from the compulsory requirement of adoption of IND-AS , hence INDAS has not been adopted in the financial statement stated above. 7. The above Cash flow statement has been prepared under the Indirect Method as set out in Accounting Standard-3, Cash Flow Statements issued under the Companies (Accounting Standard) Rules, 2006. 8. Company has redeemed 30% of the Paid-up Cumulative Preference share i.e., 15,60,000 Cumulative Preference shares of Rs.10/- each at par amounting to Rs. 1,56,00,000/- (Rupees One Crore Fifty Six Lakhs only) at the Board Meeting held on 13th March, 2025 9. Pursuant to approval granted by the shareholders of the Company at their Extra Ordinary General Meeting held on 13th May, 2024 and In-principle approvals granted by NSE Limited on 13 May, 2024, the Board of Directors of the Company vide their Resolution passed through Circulation on Thursday, 23rd May, 2024, has considered and approved the allotment of 25,60,973 Warrants convertible into equivalent number of Equity Shares of the Company having face value of Rs. 2/- per Equity Share within a period of 18 months from the date of allotment i.e 23rd May, 2024, at an Issue Price of Rs. 41/- (Rupees Forty-One only) (including premium of Rs. 39/- each) to the Promoter and Non-Promoter allottees on a preferential basis. Pursuant to receipt of Rs. 3,11,24,934.75/- i.e. 75 % remaining exercise price against the exercise of 10,12,193 out of 25,60,973convertible warrants allotted by the Company as per terms approved by the shareholders in the Extra Ordinary General Meeting (EGM) held on 13th May, 2024 and as per the provisions of the Companies Act, 2013 and rules made thereunder, the consent of the Board of Directors of the Company be and is hereby accorded to allot 10,12,193 Equity Shares of face value of Rs. 2/- (Rupees Two only) each at a premium of Rs. 39/- (Rupees Thirty- Nine only) per Equity Share for each Warrant held by the warrant holder upon exercise of one convertible warrant into one Equity Share. 10. The Company has successfully acquired 51% of Fortira Inc. on 15th April 2025, making it a subsidiary and marking a key milestone in our strategic growth. 11. The Figures for the previous half year/year have been regrouped/reclassified, wherever necessary to confirm to current period/year classification.


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 118182000
2 Adjustments for reconcile profit (loss)
Adjustments to profit (loss)
Adjustments for finance costs 0
Adjustments for depreciation and amortisation expense -2552000
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 -10674000
Adjustments for share-based payments 11414000
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 0
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments to profit (loss) 19536000
3 Adjustments for working capital
Adjustments for decrease (increase) in inventories 34699000
Adjustments for decrease (increase) in trade receivables -24761000
Adjustments for decrease (increase) in other current assets 17503000
Adjustments for increase (decrease) in trade payables -45968000
Adjustments for increase (decrease) in other current liabilities -46238000
Adjustments for provisions -250000
Total adjustments for working capital -65015000
Total adjustments for reconcile profit (loss) -45479000
Net cash flows from (used in) operations 72703000
Dividends received -39000
Interest paid 8436000
Interest received 0
Income taxes paid (refund) -31835000
Other inflows (outflows) of cash 9969000
Net cash flows from (used in) operating activities before extraordinary items 106032000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) operating activities 106032000
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 31785000
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 -39000
Interest received 10674000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -243000
Proceeds from government grants 0
Net cash flows from (used in) investing activities before extraordinary items -21393000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) investing activities -21393000
Cash flows from used in financing activities
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments -57375000
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 4655000
Repayments of borrowings 0
Dividends paid 2860000
Interest paid 8436000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 15600000
Net cash flows from (used in) financing activities before extraordinary items -48416000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) financing activities -48416000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 36223000
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 36223000
Cash and cash equivalents cash flow statement at beginning of period 249717000
Cash and cash equivalents cash flow statement at end of period 285940000


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 129992000
Reserves and surplus 735297000
Money received against share warrants 15875000
Total shareholders' funds 881164000
2 Share application money pending allotment 0
3 Deferred government grants 0
4 Minority interest
5 Non-current liabilities
Long-term borrowings 0
Deferred tax liabilities (net) 0
Foreign currency monetary item translation difference liability account 0
Other long-term liabilities 330000
Long-term provisions 2936000
Total non-current liabilities 3266000
6 Current liabilities
Short-term borrowings 33081000
Trade Payables
(A) Total outstanding dues of micro enterprises and small enterprises 5289000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 181807000
Total Trade payable 187096000
Other current liabilities 39429000
Short-term provisions 11972000
Total current liabilities 271578000
Total equity and liabilities 1156008000
Assets
1 Non-current assets
i Property, Plant and Equipment and Intangible assets
Property, Plant and Equipment 4916000
Producing properties 0
Intangible assets 195000
Preproducing properties 0
Property, Plant and Equipment capital work-in-progress 0
Intangible assets under development or work-in-progress 54116000
Total Property, Plant and Equipment and Intangible assets 59227000
ii Non-current investments 15631000
v Deferred tax assets (net) 4389000
vi Foreign currency monetary item translation difference asset account 0
vii Long-term loans and advances 1269000
viii Other non-current assets 15121000
Total non-current assets 95637000
Current assets
Current investments 0
Inventories 44560000
Trade receivables 667993000
Cash and cash equivalents 33000
Bank balance other than cash and cash equivalents 270785000
Short-term loans and advances 25340000
Other current assets 51660000
Total current assets 1060371000
Total assets 1156008000
Disclosure of notes on assets and liabilities Textual Information(1)


Text Block
Textual Information(1) Notes to the Standalone financial Statements 1. The above Audited Financial Results of the Company for the Half Year and Year ended 31st March, 2025 have been prepared in accordance with the recognition and measurement principles laid down in applicable Accounting Standards ( AS ) as prescribed under the Companies Act, 2013, as amended, read with relevant rules thereunder and in terms of regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 2. The above Audited Results of the Company for the half year and year ended 31st March, 2025 have been reviewed by the Audit Committee and subsequently approved by the Board of Directors at their meeting held on 2 9 May, 2025. 3. The figures for the Half Year ended on March 31, 2025, are the balancing figures between the audited figures in respect of the full Financial Year ended March 31, 2025, and the published unaudited figures of the Year to date (Half Year) ended September 30, 2024, which were subjected to limited review . 4. The Company has identified Technology Solutions and Water resourse Managment solutions as the primary reportable segment as per the AS 17 - Segment reporting. 5. There are no Investors Complaints pending as on 31 st March, 2025. 6. As per the MCA Notifications dated 16th February 2015, companies whose shares are listed on SME Platform as refer to in Chapter XB of SEBI (Issue of capital & Disclosure requirements) regulations 2009 are exempt from the compulsory requirement of adoption of IND-AS. As the company is covered under the exemption from the compulsory requirement of adoption of IND-AS , hence INDAS has not been adopted in the financial statement stated above. 7. The above Cash flow statement has been prepared under the Indirect Method as set out in Accounting Standard-3, Cash Flow Statements issued under the Companies (Accounting Standard) Rules, 2006. 8. Company has redeemed 30% of the Paid-up Cumulative Preference share i.e., 15,60,000 Cumulative Preference shares of Rs.10/- each at par amounting to Rs. 1,56,00,000/- (Rupees One Crore Fifty Six Lakhs only) at the Board Meeting held on 13th March, 2025 9. Pursuant to approval granted by the shareholders of the Company at their Extra Ordinary General Meeting held on 13th May, 2024 and In-principle approvals granted by NSE Limited on 13 May, 2024, the Board of Directors of the Company vide their Resolution passed through Circulation on Thursday, 23rd May, 2024, has considered and approved the allotment of 25,60,973 Warrants convertible into equivalent number of Equity Shares of the Company having face value of Rs. 2/- per Equity Share within a period of 18 months from the date of allotment i.e 23rd May, 2024, at an Issue Price of Rs. 41/- (Rupees Forty-One only) (including premium of Rs. 39/- each) to the Promoter and Non-Promoter allottees on a preferential basis. Pursuant to receipt of Rs. 3,11,24,934.75/- i.e. 75 % remaining exercise price against the exercise of 10,12,193 out of 25,60,973convertible warrants allotted by the Company as per terms approved by the shareholders in the Extra Ordinary General Meeting (EGM) held on 13th May, 2024 and as per the provisions of the Companies Act, 2013 and rules made thereunder, the consent of the Board of Directors of the Company be and is hereby accorded to allot 10,12,193 Equity Shares of face value of Rs. 2/- (Rupees Two only) each at a premium of Rs. 39/- (Rupees Thirty- Nine only) per Equity Share for each Warrant held by the warrant holder upon exercise of one convertible warrant into one Equity Share. 10. The Company has successfully acquired 51% of Fortira Inc. on 15th April 2025, making it a subsidiary and marking a key milestone in our strategic growth. 11. The Figures for the previous half year/year have been regrouped/reclassified, wherever necessary to confirm to current period/year classification.


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)
1 Technology Solutions 314761000 575531000
2 Water Resource Manangement Solutions 188250000 314114000
Total Segment Revenue 503011000 889645000
Less: Inter segment revenue 10000000 30000000
Revenue from operations 493011000 859645000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Technology Solutions 41995000 65038000
2 Water Resource Manangement Solutions 26220000 58699000
Total Profit before tax 68215000 123737000
i. Finance cost 12725000 20504000
ii. Other Unallocable Expenditure net off Unallocable income -7953000 -14949000
Profit before tax 63443000 118182000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Technology Solutions 301050000 301050000
2 Water Resource Manangement Solutions 440903000 440903000
Total Segment Asset 741953000 741953000
Un-allocable Assets 139211000 139211000
Net Segment Asset 881164000 881164000
4 Segment Liabilities
Segment Liabilities
1 Technology Solutions 0 0
2 Water Resource Manangement Solutions 0 0
Total Segment Liabilities 0 0
Un-allocable Liabilities 0 0
Net Segment Liabilities 0 0
Disclosure of notes on segments




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 03-Oct-2023
Amount Raised 470332000
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 Yes
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders Yes
If Yes, Date of shareholder Approval 04-Dec-2024
Explanation for the Deviation / Variation Strategic investment by way of acquisition of equity shares of M/s. Fortira Inc., USA
Comments of the Audit Committee after review NA
Comments of the auditors, if any NA
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 Funding expenditure relating to solutions development for digital transformation and water resources management solutions (Object-I) NA 110000000 0 54116000 0
2 Creation of new delivery center including infrastructure thereof and upgrading existing facilities (Object-II) YES 89400000 0 0 89400000 Variation in the Object of the Issue, as approved by the shareholders on 04th December 2024, through the postal ballot mechanism
3 Funding working capital requirements of our Company (Object-III) NA 150000000 0 150000000 0
4 General corporate purposes (Object-IV) NA 60932000 0 60932000 0
5 Issue Related Expenses (Object-V) NA 60000000 0 60000000 0
6 New Object: nStrategic investment by way of acquisition of equity shares of Fortira Inc., USA YES 0 89400000 0 89400000 Variation in the Object of the Issue, as approved by the shareholders on 04th December 2024, through the postal ballot mechanism.
7 TOTAL ISSUE YES 470332000 89400000 325048000 89400000


Signatory Details
Name of signatory Ambikeshwari MA
Designation of person Company Secretary and Compliance Officer
Place Bengaluru
Date 29-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)
Total value of transaction during the reporting period