GVP Infotech Limited — Board Meeting, 26-05-2025: Outcome of Board Meeting

GVP Infotech has announced a board meeting to approve the financial results for the quarter and half-year. The company reported a decline in revenue to Rs. 116.14 lakh for the quarter, resulting in a net loss of Rs. 211.39 lakh. For the full year, revenue reached Rs. 672.42 lakh with a net loss of Rs. 264.33 lakh. The Board declared a final dividend of Rs. 0.15 per share (7.5%). Significant write-offs were made on old doubtful debts due to contract terminations and insolvencies. The audit flagged concerns over large receivables under arbitration, though internal controls remain sound.