FROG2024-10-012025-03-31FROG2025-03-31FROG2024-03-31FROG2024-04-012025-03-31FROG2024-10-012025-03-31in-capmkt:OtherExpenses1MemberFROG2024-10-012025-03-31in-capmkt:OtherExpenses2MemberFROG2024-04-012025-03-31in-capmkt:OtherExpenses1MemberFROG2024-04-012025-03-31in-capmkt:OtherExpenses2MemberFROG2024-10-012025-03-31AuditorDomain1iso4217:INRxbrli:pureiso4217:INRxbrli:shares000000FROGNOTLISTEDINE385O01018FROG CELLSAT LIMITEDSMEEquity2024-04-012025-03-312025-05-202025-05-12INRLakhsHalf YearlyYearlySingle segmentManufacturing and installation of in-building coverage solutions and mobile network accessories for mobile service providers and operators2025-05-2015:15:002025-05-2016:10:00trueCash Flow IndirectDeclaration of unmodified opinion2024-10-012025-03-31AuditedConsolidated13963260009560001397282000720628000035909000979370008477000194320002536620001136045000261237000-27800026095900002609590007636900021810007855000018240900000018240900000182409000155289000000001011.7911.79000Notes on Consolidated Financial Results : <BR> 1. The consolidated audited 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. <BR> <BR> 2. The Statutory Auditors of the Company have carried out statutory audit of these results and the audited consolidated 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 from time. <BR> 3. The statement of audited consolidated financial results includes the results of Frog Cellsat Limited ('the Company' or 'the Holding Company' or 'the Parent') and the following subsidiaries (Parent and Subsidiaries collectively referred as 'the Group' hereunder): <BR> Subsidiaries "% of ownership as at "% of ownership as at <BR> March 31st, 2025" 31st March 2024" <BR> <BR> i Frog Services Private Limited 100 100 <BR> ii Frog Tele Private Limited 100 100 <BR> iii GORF UK Limited 100 100 <BR> 4. 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. 311.65 Lakhs, of which Rs. 244.10 lakhs were recognised as expenses and Rs. 67.55 lakhs were capitalised as R&D Cost. <BR> 5. The R&D Expenditure of Rs. 291.62 Lakhs have been capitalised during the year ended on 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. <BR> 6. 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. <BR> 7. 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. <BR> 8. Previous Year / Period figures have been recasted/regrouped/reclassified wherever considered necessary to make it comparable with the current period. <BR> 9. "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 <BR> 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. " <BR> 10. 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. <BR> 11. No dividends were declared by the company during the year. <BR> 12. No Investor's complaints were recorded or received during the year ended March 31st, 2025. <BR> 13. 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). <BR> 2024-04-012025-03-31AuditedConsolidated2193896000283710002222267000121178900003359000185384000973000042927000440652000189384100032842600003284260000328426000799260001299800092924000235502000000235502000002355020001552890000000010015.2215.22000Installation expenses126765000Other Expenditure126897000Installation expenses224012000Other Expenditure216640000155289000144407700001599366000011100021506000216170002020400001219960001842970003062930005114800018676000578157000219914000079904500005357200008526170005160009171000299380009698000901940000031847800079076000071058000040476000764280001297200000219914000004292700000000024458000067385000-83869000-48251200067112000195917000-17146000-46369000-366867000-29948200028944000-2000-7313000-2649000542000002000-2059200000-2059200000000000290000000000200026490000-740470000-7136700000-7136700093300000155116000-6000073130000014874200000148742000567830000567830001427500071058000AuditedtrueSinghi Chugh & Kumartrue2027-08-31