ORCHASP2025-01-012025-03-31ORCHASP2025-03-31ORCHASP2024-03-31ORCHASP2024-04-012025-03-31ORCHASP2025-01-012025-03-31in-capmkt:OtherExpenses1MemberORCHASP2024-04-012025-03-31in-capmkt:OtherExpenses1MemberORCHASP2025-01-012025-03-31AuditorDomain1ORCHASP2025-01-012025-03-31in-capmkt:AuditedMemberORCHASP2025-03-31in-capmkt:AuditedMemberORCHASP2025-01-012025-03-31in-capmkt:AdjustedMemberORCHASP2025-03-31in-capmkt:AdjustedMemberORCHASP2025-01-012025-03-31AuditQualification1ORCHASP2025-01-012025-03-31AuditQualification2iso4217:INRxbrli:pureiso4217:INRxbrli:shares532271ORCHASPNOTLISTEDINE215B01022Orchasp LimitedMain BoardEquity2024-04-012025-03-312025-05-282025-05-19INRLakhsQuarterlyFourth quarterSingle segmentSoftware Services2025-05-2811:00:002025-05-2814:15:00trueCash Flow IndirectStatement on impact of audit qualification2025-01-012025-03-31AuditedConsolidated700960003100007040600000054555000066000-1446900040152000302540000302540000280002800003022600000003022600003022600000006391010002-0.42-0.4200-0.42-0.42000Notes: <BR> 1. The Audited Financial Results (Consolidated) of the company for the fourth quarter and year to date results for the period 01-04-2024 to 31-03-2025 have been prepared in accordance with the Indian Accounting Standards (Ind AS) as prescribed under section 133 of the Companies Act 2013, read with Companies (Indian Accounting Standards) Rules 2015, as amended. <BR> 2. The above consolidated results were reviewed by the audit committee and taken on record by the board of Directors of the company at its meeting held on Wednesday the 28th May 2025. The Statutory Auditors of the Company have carried out the Audit of these results as required under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. <BR> 3. In accordance with the requirement of IND AS-108 on segment reporting, the company has determined its business segment as computer programming consultancy, and related services. There are no other primary reportable segments, and secondary reportable segments. <BR> 4. The figures of the fourth quarter are the balancing figures between audited figures in respect of full financial year and published year to date figures up to the third quarter of the relevant financial year. Also, the figures up to the end of the third quarter were only reviewed and not subjected to audit. <BR> 5. The company has incurred a loss amounting to Rs. 1459.87 Lakhs on account of recognition of foreign exchange variation upon conversion of balance, 1 % Unsecured FCCBs excluding accrued interest for the year ended 31st March, 2025. <BR> Further other expenses are reported as Rs. -144.69 Lakhs on account of gain in foreign exchange on restatement of trade receivables as at 31st March 2025. <BR> Profit from Operations prior to this recognition for this year ended is Rs. Rs.409 Lakhs. <BR> 6. The statutory auditors have expressed a qualified opinion on the financial statements of the company pertaining to <BR> a. Investment in Wholly Owned Subsidiary at Portugal viz Cybermate International, Unipessoal , LDA <BR> We clarify that the Portuguese authority has issued a notice of cancellation of the Certificate of Incorporation of the WOS due to non-filing of statutory information. We are considering transferring the investment to another subsidiary and rectifying the non-compliance. We have been provided the final amounts due and pending compliances after which we propose to transfer the investment to another subsidiary. We will be completing the compliances during the present quarter. <BR> b. Non-Receipt of trade receivables and payables due for more than 6 months. <BR> We are of the opinion that the delays have been caused due to adverse conditions prevailing in the business and financial markets. We have extended our timelines by another six months for realizing of debtors due to adverse market conditions. <BR> Consolidated Financial Results <BR> (a) There are no operations in the Subsidiary Cybermate Infotek Limited Inc, USA, and hence, no statement of Profit & Loss is prepared for period ended 31st March 2025. <BR> (b) There are no operations in the Subsidiary Cybermate International Unipessoal, LDA, Portugal, and hence, no statement of Profit & Loss is prepared for period ended 31st March 2025. <BR> 6. EPS is not annualised. <BR> 7. The figures for the previous period/year have been regrouped/reclassified, wherever necessary. <BR> By the order of the Board <BR> For Orchasp Limited <BR> <BR> Date : 28th May 2025 P. Chandra Sekhar <BR> Place : Hyderabad Managing Director & CFO <BR> DIN: 01647212 <BR> 2024-04-012025-03-31AuditedConsolidated21082700054200002162470000001791250001480000262000140516000321383000-1051360000-10513600001010001010000-1052370000000-1052370000-10523700000006391010002482463000-0.42-0.4200-0.42-0.420.0002-0.6986-0.7004Operational Expenses-14469000Operational Expenses140516000112900000014100000068250000000068250000056200006843320000770001297263000032080000504000130105200002835300013294050000020137370006391010004833040001122405000011224050000000000000000598126000598126000156558000754684000978940001326300025491000089133200000891332000201373700014800000-2216720000-107700000001773340000285100002620000-44200000000000000000-45242000-1503780000000-5421000-155799000000000000619000000000000000000000005421000480200000145988000000005069000000148000000149577000-1420000-7000-142700046350003208000000000AuditedQualified opinionJMT & Associatestrue2027-03-31216240000321380000-105130000-0.420201373000020137300001121560000(a) We refer to the carrying value of investments amounting to Rs. 6,825 lakhs in the Wholly Owned Subsidiary located in Portugal, Cybermate International, Unipessoal, LDA, which has remained non-operational for over four years. The subsidiary has defaulted in its statutory filings for the period, and the Portuguese authorities have consequently issued a notice for cancellation of its Certificate of Incorporation. In the absence of sufficient information and clarity on the subsidiarys operations and financial position, we are unable to comment on the appropriateness of the carrying value of the investment or determine whether a provision for impairment is required.Qualified opinionRepetitiveWe clarify that the Portuguese authority has issued a notice of cancellation of the Certificate of Incorporation of the WOS due to non-filing of statutory information. We are considering transferring the investment to another subsidiary and rectifying the non-compliance. We have been provided the final amounts due and pending compliances after which we propose to transfer the investment to another subsidiary. We will be completing the compliances during the present quarter.Rs.6825 LakhsThe Management estimates the Value at Rs.6825 LakhsNone(b) The Trade receivables and trade payables have been outstanding for a period exceeding six months. In the absence of external confirmations for trade payables, trade receivables, and various advances/loans, we are currently unable to determine the accuracy or recoverability/payability of these balances.Qualified opinionRepetitiveb. Non-Receipt of trade receivables and payables due for more than 6 months. <br></br> We are of the opinion that the delays have been caused due to adverse conditions prevailing in the business and financial markets. We have extended our timelines by another six months for realizing of debtors due to adverse market conditions. <br></br> In our view, substantial amount of the trade receivables are recoverable. As regards Trade Payables, some of the amounts are subject to reconciliation. Advances/Loans are subject to reconciliation.We will be able to quantify the impact once we receive balance confirmation from the parties in due course.As the balance confirmations were not received from the parties, we are unable to comment as mentioned in the standalone auditors report.Mr.P.Chandra SekharMr.P.Chandra SekharMr.V.S.Roop KumarMr.Vijay PrathapNILHyderabad2025-05-28