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GVP Infotech LimitedResults, 27-06-2025: Reply to Clarification- Financial results

27-06-2025 | 12:45 pm

GVP Infotech has announced a board meeting on June 26, 2025, to approve the financial results for the quarter and half-year. The company clarified discrepancies in its recently submitted financial results, specifically that the Profit After Tax (PAT) figures in the XBRL filing were inadvertently converted from negative to positive due to an automated error. Revised XBRL filings have been submitted accordingly.

The audited financial results for the quarter and year ended March 31, 2025, have been approved by the board. The results were signed by director Dhaval Mistry under authorized board resolution, as the key signatories were unavailable.

Additionally, the company explained the delayed submission of the Statement of Impact of Audit Qualifications was due to the unavailability of the Chief Financial Officer. This statement has now been filed with the exchange. GVP Infotech assured that there was no malintent behind these issues and emphasized compliance with regulatory requirements.

Key board members authorized to handle financial disclosures include Managing Director Rajesh Thakur, Non-executive Director Dhaval Mistry, and Executive Director & CFO Veena Pani Chaudhary.

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