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Ksolves India Limited Annual Report 2026
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Annual Report
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KSOLVES
Al First, Always
Date: April 30, 2026
To
| Listing Compliance
National Stock Exchange of India Ltd.
Exchange Plaza, Plot no. C/1, G Block,
Bandra-Kurla Complex, Bandra (E)
Mumbai – 400051 | Listing Compliance
The Bombay Stock Exchange Limited,
Phiroze Jeejeebhoy Towers,
Dalal Street,
Mumbai – 400 001. |
| --- | --- |
Subject: Outcome of the Meeting of the Board of Directors of Ksolves India Limited held on April 30, 2026.
Ref: Reg. 30 and Reg. 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
BSE Scrip Code: 543599; NSE Symbol; KSOLVES; ISIN: INE0D6I01023.
Dear Sir/Madam,
Pursuant to the above-captioned subject, kindly note that the Board of Directors of the Company at its meeting held today on Thursday, April 30, 2026, have inter alia considered and approved the following:
- Audited Standalone Financial Results of the Company for the fourth quarter and Financial Year ended March 31, 2026.
- Audited Consolidated Financial Results of the Company for the fourth quarter and Financial Year ended March 31, 2026.
- Grant of 4000 (Four thousand) Employee Stock Options under Ksolves Employees Stock Scheme- II (KSOS-II/Scheme-II) to the employees of the Company. (Annexure-A)
The said meeting commenced at 10:30 a.m. and concluded at 11:45 a.m.
Further, the Trading Window for dealing in its securities shall remain closed until May 03, 2026. The same is being duly communicated to all the Designated Persons.
The copy of above result and other enclosures is being also made available on the Company's website i.e., www.ksolves.com
This is for your information and records.
For Ksolves India Limited
Ratan Kumar
Srivastava
Digitally signed by Ratan Kumar
Srivastava
Date: 2026.04.30 11:57:34 +05'30'
Ratan Kumar Srivastava
Chairman cum Managing Director
Ksolves India Limited (Formerly known as Ksolves India Private Limited)
Registered Office.: 317/276-Second floor, Lane No.3, Mehrauli Road, Saidulajab, Saket, New Delhi-110030,
Corporate Office: C-28,29, Second floor, C-Block, Smartworks, Tower -D, Logix Cyber Park, Sector 62, Noida, UP - 201301
Telephone No: 0120-4983851 Email Id: [email protected] Website: www.ksolves.com
CIN: L72900DL2014PLC269020
CA
A Y & COMPANY
505, Fifth Floor, ARG Corporate Park
Gopal Bari, Ajmer Road, Jaipur (Raj.)
TEL NO. - +91-9649687300
Email: [email protected]
Auditor’s report on Standalone Annual Financial Results of Ksolves India Limited for the quarter and year ended March 31, 2026 pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
To
The Board of Directors of
Ksolves India Limited
Opinion
We have audited the accompanying statement of Standalone Annual Financial Results (“the Statement”) of Ksolves India Limited (hereinafter referred to as “the Company”) for the quarter and year ended March 31, 2026, attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (‘Listing Regulations’).
In our opinion and to the best of our information and according to the explanations given to us, the aforesaid year to date standalone annual financial results:
(i) are presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended in this regard; and;
(ii) give a true and fair view in conformity with the aforesaid Indian Accounting Standards and other accounting principles generally accepted in India of the net profit, total comprehensive income and other financial information of the Company for the year ended March 31, 2026.
Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing (“SAs”) specified under section 143(10) of the Companies Act, 2013 (“the Act”). Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Standalone Annual Financial Results section of our report. We are independent of the Company in accordance with the code of ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the standalone annual financial results under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion on the standalone annual financial results.
Management’s and Board of Directors’ Responsibilities for the Standalone Annual Financial Results
These standalone annual financial results have been prepared on the basis of the standalone financial statements.
CA
A Y & COMPANY
505, Fifth Floor, ARG Corporate Park
Gopal Bari, Ajmer Road, Jaipur (Raj.)
TEL NO. - +91-9649687300
Email: [email protected]
The Company’s Management and the Board of Directors are responsible for the preparation and presentation of these standalone annual financial results that give a true and fair view of the net profit/loss and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in Indian Accounting Standards prescribed under Section 133 of the Act and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act; safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone annual financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error
In preparing the standalone annual financial results, the Management and the Board of Directors are responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
The Board of Directors is responsible for overseeing the Company’s financial reporting process.
Auditor’s Responsibilities for the Audit of the Standalone Annual Financial Results
Our objectives are to obtain reasonable assurance about whether the standalone annual financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these standalone annual financial results.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
-
Identify and assess the risks of material misstatement of the standalone annual financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
-
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under section 143(3)(i) of the Companies Act, 2013, we are also responsible for expressing our opinion through a separate report on the complete set of
CA
A Y & COMPANY
505, Fifth Floor, ARG Corporate Park
Gopal Bari, Ajmer Road, Jaipur (Raj.)
TEL NO. - +91-9649687300
Email: [email protected]
financial statements on whether the company has adequate internal financial controls system with reference to financial statements in place and the operating effectiveness of such controls.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures in the standalone annual financial results made by the Management and Board of Directors.
- Conclude on the appropriateness of Management and Board of Directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the standalone annual financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.
- Evaluate the overall presentation, structure and content of the financial results, including the disclosures, and whether the standalone annual financial results represent the underlying transactions and events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
Other Matter
The standalone annual financial results include the results for the quarter ended March 31, 2026 being the balancing figures between the audited figures of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year.
For, M/S A Y & CO
Chartered Accountants
F.R.N: - 020829C
Partner
M.NO.-421544
UDIN - 26421544SMXIMJ1478
Date: April 30, 2026
Place: Delhi
| KSOLVES INDIA LIMITED (Formerly Known as Koolves India Private Limited) CIN - I.72900DL2014PLC269020 317/276, Second floor, Lane no.3, Mehranil Road, Siddulajah, Saket, South Delhi, New Delhi - 110030 India Website - www.ksolves.com; Email : [email protected] Statement of Audited Standalone Financial Results for the Quarter & Year ended on March 31, 2026 Pursuant to regulation 33 of SEBI (LODR) Regulation, 2015 (Amount in Lakhs) | ||||||
|---|---|---|---|---|---|---|
| Particulars | Quarter ended on 31/03/2026 | Quarter ended on 31/12/2025 | Quarter ended on 31/03/2025 | Year to date figures for the year ended 31/03/2026 | Year to date figures for the previous year ended 31/03/2025 | |
| Audited | Unaudited | Audited | Audited | Audited | ||
| INCOME FROM OPERATIONS | ||||||
| I | Revenue from Operations | 4210.51 | 4147.57 | 3346.30 | 16069.39 | 13,721.18 |
| II | Other Income | 36.98 | 15.88 | 16.24 | 76.10 | 44.46 |
| III | Total Revenue (I+II) | 4247.39 | 4163.45 | 3362.55 | 16145.49 | 13765.65 |
| IV | EXPENSES | |||||
| Cost of Material Consumed | ||||||
| Purchase of Stock in Trade | ||||||
| Change in inventories of Finished Goods, Work-in-progress & Stock in Trade | ||||||
| Employee Benefit Expenses | 2172.16 | 2012.12 | 1775.34 | 8006.02 | 6344.99 | |
| Finance Cost | 23.27 | 20.52 | 14.43 | 85.57 | 28.43 | |
| Depreciation &Amortization Expense | 84.94 | 77.57 | 75.98 | 318.37 | 219.06 | |
| Other Expenses | 837.80 | 837.19 | 661.28 | 3348.50 | 2548.61 | |
| Total expenses (IV) | 3118.17 | 2947.39 | 2527.03 | 11758.45 | 9141.09 | |
| V | Profit before Exceptional & Extraordinary Items and tax (III-IV) | 1129.22 | 1216.06 | 835.51 | 4387.04 | 4624.55 |
| VI | Exceptional Items | |||||
| VII | Profit before Extraordinary Items and tax (V-VI) | 1129.22 | 1216.06 | 835.51 | 4387.04 | 4624.55 |
| VIII | Extraordinary Items | |||||
| IX | Profit before tax (VII-VIII) | 1129.22 | 1216.06 | 835.51 | 4387.04 | 4624.55 |
| X | Tax Expenses | |||||
| 1 Current Tax | 305.11 | 298.57 | 199.77 | 1134.63 | 1,172.23 | |
| 2 Deferred Tax | 177.63 | 9.22 | 15.78 | 155.97 | 124.14 | |
| Total Tax Expenses (X) | 227.47 | 307.79 | 193.99 | 1078.65 | 1148.08 | |
| XI | Profit/(Loss) for the period from continuing operations (IX-X) | 901.75 | 908.27 | 641.53 | 3308.39 | 3476.47 |
| XII | Profit/(Loss) from discontinuing operation | |||||
| XIII | Tax Expenses of discontinuing operations | |||||
| XIV | Profit/(Loss) from discontinuing operation after tax (XII-XIII) | |||||
| XV | Profit/(Loss) for the Period (XI+XIV) | 901.75 | 908.27 | 641.53 | 3308.39 | 3476.47 |
| XVI | Other Comprehensive Income | |||||
| Items that will not be reclassified to profit or loss | ||||||
| - Remoassessment Gains/(Losses) on Defined Benefit Plans | 60.54 | -17.02 | -7.86 | 44.42 | -71.97 | |
| - Income Tax on above | -15.38 | 4.28 | 1.98 | -11.18 | 18.11 | |
| XVII | Total Other Comprehensive Income | 45.38 | (12.74) | -5.88 | 33.24 | (53.86) |
| XVIII | Total Comprehensive Income for the year | 947.85 | 895.53 | 635.64 | 3341.62 | 3422.61 |
| XIX | Paid up Equity Share Capital | 1186.02 | 1185.60 | 1185.60 | 1186.02 | 1185.60 |
| XX | Reserves & Surplus | 1,705.46 | 1924.83 | 953.18 | 1705.46 | 953.18 |
| XXI | Earnings per equity share | |||||
| (1) Basic | 3.80 | 3.83 | 2.71 | 13.95 | 14.68 | |
| (2) Diluted | 3.80 | 3.83 | 2.71 | 13.95 | 14.68 | |
| Notes:- | ||||||
| 1. The above Standalone Audited Financial Results have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at their respective meeting held on April 30, 2026. | ||||||
| 2. The Statutory Auditors of the Company have carried out the Statutory Audit of the above financial results of the Company and have expressed an unmodified option on these Results. | ||||||
| 3. The Company is only having one segment of business i.e. Information Technology Services. | ||||||
| 4. There are no investor complaints received/pending as on March 31, 2026. | ||||||
| 5. On November 21, 2025, the Government of India notified provisions of the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020, ('Labour Codes') which consolidate twenty-nine existing labour laws into a unified framework governing employee benefits during employment and post-employment. The Labour Codes, amongst other things, introduced changes including a uniform definition of wages and enhanced benefits relating to leave. The Company had assessed the financial implications of these changes which had resulted in increase in gratuity liability arising out of post service cost and increase in leave liability by 110.55 Lakhs. | ||||||
| 6. Previous year's period figures have been regrouped/ reclassified/ restated, wherever necessary to confirm to classification of current year/period. |
For Koolves India Limited
Ratan Kumar Srivastava
Srivastava
Chairman Cum Managing Director
DIN: 05329338
Place: Delhi
Date: April 30, 2026
KSOLVES INDIA LIMITED
(Formerly Known as Ksolves India Private Limited)
CIN - 1.72900DL2014PLC269020
317/276, Second floor, Lane no.3, Mehrauli Road, Saidulajah, Saket, South Delhi, New Delhi - 110030 India
Website - www.ksolves.com; Email: [email protected]
Standalone Statement of Assets & Liabilities as on March 31, 2026
| (Amount in Lakhs) | ||
|---|---|---|
| Particulars | As at 31st March 2026 | As at 31st March 2025 |
| Audited | Audited | |
| I. ASSETS | ||
| (1) Non-Current Assets | ||
| (a) Property, Plant and Equipment | 190.95 | 235.06 |
| (b) Right of Use of Assets | 387.38 | 502.41 |
| (c) Intangible Assets | ||
| (d) Financial Assets | ||
| (i) Investments | 134.74 | 133.92 |
| (ii) Other Financial Assets | 118.39 | 129.19 |
| (e) Deferred tax Assets (Net) | 139.69 | 94.90 |
| (f) Other Non Current Assets | - | - |
| Total Non Current Assets | 971.15 | 1,095.49 |
| (2) Current Assets | ||
| (a) Inventories | ||
| (b) Financial Assets | ||
| (i) Trade Receivables | 3,042.17 | 2,108.32 |
| (ii) Cash and Cash Equivalents | 583.75 | 979.79 |
| (iii) Bank balance other than cash equivalents | 15.35 | 5.73 |
| (iv) Other Financial Assets | 19.60 | 10.18 |
| (c) Other Current Assets | 1,518.91 | 1,490.11 |
| Total Current Assets | 5,179.78 | 4,594.12 |
| Total Assets | 6,150.93 | 5,689.61 |
| II. EQUITY AND LIABILITIES | ||
| (1) Equity | ||
| (a) Equity Share capital | 1,186.02 | 1,185.60 |
| (b) Other Equity | 1,705.46 | 953.18 |
| Total Equity | 2,891.48 | 2,138.78 |
| (2) Liabilities | ||
| (A) Non-current liabilities | ||
| (a) Financial Liabilities | ||
| (i) Borrowings | ||
| (ii) Other Financial Liabilities | ||
| (b) Provisions | 832.36 | 438.18 |
| (c) Lease Liabilities | 203.32 | 368.46 |
| Total Non Current Liabilities | 1,035.68 | 806.64 |
| (B) Current liabilities | ||
| (a) Financial Liabilities | ||
| (i) Borrowings | 150.00 | 900.00 |
| (ii) Trade Payables | ||
| Total Outstanding dues of Micro Enterprises and Small Enterprises | ||
| Total Outstanding dues of Creditors other than Micro Enterprises and Small Enterprises | 56.57 | 38.19 |
| (ii) Other Financial Liabilities | 455.06 | 116.27 |
| (b) Provisions | 1,211.67 | 1,214.91 |
| (c) Other Current Liabilities | 133.79 | 321.12 |
| (d) Lease liabilities | 216.68 | 153.70 |
| Total Current Liabilities | 2,223.77 | 2,744.19 |
| Total Equity and Liabilities | 6,150.93 | 5,689.61 |
For Ksolves India Limited
Ratan
Digitally signed
Kumar
Srivastava
by Ratan Kumar Srivastava
Date: 2026.04.30
11:04:14 +03'30'
Ratan Kumar Srivastava
Chairman Cum Managing Director
DIN: 05329338
Place: Delhi
Date: April 30, 2026
KSOLVES INDIA LIMITED
Standalone Statement of Cash flows
for the year ended 31st March, 2026
(Rs. in Lakhs)
| Particulars | Year ended 31st March 2026 | Year ended 31st March 2025 | ||
|---|---|---|---|---|
| A. Cash flow from operating activities | ||||
| Profit before tax | 4,387.04 | 4,624.55 | ||
| Adjustments for: | ||||
| Remeasurement gains/(losses) on defined benefit plans | ||||
| Depreciation & amortisation expense | 318.37 | 219.06 | ||
| Provision for gratuity | 230.93 | 91.87 | ||
| Finance Cost | 85.57 | 28.43 | ||
| Investment income | (44.30) | (44.45) | ||
| 590.56 | 294.91 | |||
| Operating profit before working capital changes | 4,977.62 | 4,919.47 | ||
| Adjustments for | ||||
| Trade receivables | (933.85) | (508.96) | ||
| Other financial assets and other current assets | (38.73) | (243.30) | ||
| Trade payables | 18.38 | 13.06 | ||
| Other financial liabilities | 329.67 | 99.44 | ||
| Other current liabilities/other financial liabilities | (124.35) | 333.34 | ||
| (748.88) | (306.42) | |||
| Cash from operating activities | 4,228.74 | 4,613.06 | ||
| Income tax paid | (1,172.24) | (1,166.48) | ||
| Net cash from operating activities (A) | 3,056.51 | 3,446.57 | ||
| B. Cash flow from investing activities | ||||
| Purchase of property, plant and equipment | (159.22) | (723.32) | ||
| Other financial assets (Non current) | 10.80 | (80.17) | ||
| Investment income | 44.30 | 44.45 | ||
| Non-current investment | (0.82) | (73.56) | ||
| Net cash flow from investing activities(B) | (104.94) | (832.59) | ||
| C. Cash flow from financing activities | ||||
| Proceeds from long term borrowings | - | - | ||
| Proceeds/(Repayment) of short term borrowings | (750.00) | 900.00 | ||
| Increase in Non Current Liabilities | 76.88 | 463.06 | ||
| Issue of Equity Share | 19.40 | - | ||
| Payment of Interim Dividend | (2,608.32) | (3,675.36) | ||
| Finance Cost | (85.57) | (28.43) | ||
| Net cash used in financing activities (C) | (3,347.61) | (2,340.73) | ||
| Net increase in cash and cash equivalents(A+B+C) | (396.04) | 273.26 | ||
| Cash and cash equivalents at the beginning of the year | 979.79 | 706.53 | ||
| Cash and cash equivalents at the close of the year | 583.75 | 979.79 |
For Ksolves India Limited
Ratan
Digitally signed
Kumar
Srivastava
by Ratan Kumar
Date: 2026.04.30
11:58:28 +07:07
Ratan Kumar Srivastava
Chairman Cum Managing Director
DIN: 05329338
Place: Delhi
Date: April 30, 2026
CA
A Y & COMPANY
505, Fifth Floor, ARG Corporate Park
Gopal Bari, Ajmer Road, Jaipur (Raj.)
TEL NO. - +91-9649687300
Email: [email protected]
Auditor’s report on Consolidated Annual Financial Results of Ksolves India Limited for the quarter and year ended March 31, 2026 pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
To
The Board of Directors of
Ksolves India Limited
Opinion
We have audited the accompanying statement of Consolidated Annual Financial Results (“the Statement”) of Ksolves India Limited (hereinafter referred to as Holding Company) & its subsidiaries (holding company and its subsidiaries together referred to as “the Group”) for the quarter and year ended March 31, 2026, attached herewith, being submitted by the Group pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (‘Listing Regulations’).
In our opinion and to the best of our information and according to the explanations given to us, the aforesaid year to date consolidated annual financial results:
(i) Includes the financial results of following entity:-
| Name of Entity | Relationship |
|---|---|
| Kartik Solutions Private Limited | Wholly Owned Subsidiary |
| Ksolves IT USA Inc. (Incorporated in USA) | Wholly Owned Subsidiary |
| Kingpin Technology Consultants LLC | Wholly Owned Subsidiary |
(ii) are presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended in this regard; and;
(iii) give a true and fair view in conformity with the aforesaid Indian Accounting Standards and other accounting principles generally accepted in India of the net profit, total comprehensive income and other financial information of the Group for the year ended March 31, 2026.
Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing (“SAs”) specified under section 143(10) of the Companies Act, 2013 (“the Act”). Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Consolidated Annual Financial Results section of our report. We are independent of the Group in accordance with the code of ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the consolidated annual financial results under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code
CA
A Y & COMPANY
505, Fifth Floor, ARG Corporate Park
Gopal Bari, Ajmer Road, Jaipur (Raj.)
TEL NO. - +91-9649687300
Email: [email protected]
of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion on the consolidated annual financial results.
Management's and Board of Directors' Responsibilities for the Consolidated Annual Financial Results
These consolidated annual financial results have been prepared on the basis of the consolidated financial statements.
The Board of Directors & Management of Holding company are responsible for the preparation and presentation of these consolidated annual financial results that give a true and fair view of the net profit/loss and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in Indian Accounting Standards prescribed under Section 133 of the Act and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act; safeguarding of the assets of the Group and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the consolidated annual financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error
In preparing the consolidated annual financial results, the respective Board of Directors of the companies included in the group are responsible for assessing the Group's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so.
The respective Board of Directors of the companies included in the group are responsible for overseeing the Group's financial reporting process.
Auditor's Responsibilities for the Audit of the Consolidated Annual Financial Results
Our objectives are to obtain reasonable assurance about whether the Consolidated annual financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated annual financial results.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the consolidated annual financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and
CA
A Y & COMPANY
505, Fifth Floor, ARG Corporate Park
Gopal Bari, Ajmer Road, Jaipur (Raj.)
TEL NO. - +91-9649687300
Email: [email protected]
obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under section 143(3)(i) of the Companies Act, 2013, we are also responsible for expressing our opinion through a separate report on the complete set of financial statements on whether the group has adequate internal financial controls system in place and the operating effectiveness of such controls.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures in the consolidated annual financial results made by the Management and Board of Directors.
- Conclude on the appropriateness of Management and Board of Directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group to cease to continue as a going concern.
- Evaluate the overall presentation, structure and content of the financial results, including the disclosures, and whether the consolidated annual financial results represent the underlying transactions and events in a manner that achieves fair presentation.
- Obtain sufficient appropriate audit evidence regarding the financial results/financial information of the entities within the Group to express an opinion on the consolidated Financial Results. We are responsible for the direction, supervision and performance of the audit of financial information of holding company of which we are the independent auditors. For the subsidiary company included in the consolidated Financial Results, which is audited by other auditor, such other auditor remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
CA
A Y & COMPANY
505, Fifth Floor, ARG Corporate Park
Gopal Bari, Ajmer Road, Jaipur (Raj.)
TEL NO. - +91-9649687300
Email: [email protected]
Other Matter
The Consolidated Financial Results includes financial results of subsidiaries whose financial statements/results reflects total assets of Rs. 183.01 Lakhs as at March 31, 2026, total Revenue of Rs. 92.05 Lakhs & 197.41 Lakhs, total net profit/(loss) after tax lakhs 67.15 Lakhs & 124.67 Lakhs, total comprehensive income 67.15 lakhs & 124.67 Lakhs for the quarter and year ended on March 31, 2026 respectively as considered in consolidated financial results which have been audited by their respective independent auditors or by the management. The financial results of subsidiary company incorporated in India & UAE has been audited by other independent auditor & of incorporated in USA is certified by the management itself since the law of that country doesn't required the Independent Audit. The independent auditors' reports or management certification on financial statements/ Financial Results/financial information of subsidiary companies have been furnished to us and-our-opinion on the consolidated Financial Results, in so far as it relates to the amounts and disclosures included in respect of these entities, is based solely on the report of such auditors/management certifications & procedures performed by us are as stated in paragraph above. Our opinion, in so far as it relates to the affairs of such subsidiaries, is based solely on report of such auditors/management. Our opinion is not modified in respect of this matter.
Our report on the consolidated financial results is not modified in respect of the above matters with respect to our reliance on the work done and the report & financial certified by the management of holding company
The consolidated annual financial results include the results for the quarter ended March 31, 2026 being the balancing figures between the audited figures of the full financial year and unaudited year to date figures up to the third quarter of the current financial year.
For, M/S A Y & Company
Chartered Accountants
F.R.N: - 020829C
Arpit Gupta
Partner
M.NO.-421544
UDIN -26421544FVTOOQ9937
Date: April 30, 2026
Place: Delhi
| KSOLVES INDIA LIMITED (Formerly Known as Ksolves India Private Limited) CIN - L72900DL2014PLC269020 317/276, Second floor, Lane no.3, Mehrauli Road, Siddulajah, Saket, South Delhi, New Delhi - 110030 India Website - www.ksolves.com; Email : cojj/ksolves.com Statement of Audited Consolidated Financial Results for the Quarter & Year ended on March 31, 2026 Pursuant to regulation 33 of SEBI (LODR) Regulation, 2015 (Amount in Lakhs) | ||||||
|---|---|---|---|---|---|---|
| Particulars | Quarter ended on 31/03/2026 | Quarter ended on 31/12/2025 | Quarter ended on 31/03/2025 | Year to date figures for the year ended 31/03/2026 | Year to date figures for the previous year ended 31/03/2025 | |
| Audited | Unaudited | Audited | Audited | Audited | ||
| INCOME FROM OPERATIONS | ||||||
| I | Revenue from Operations | 4302.78 | 4230.46 | 3334.16 | 16266.80 | 13,743.31 |
| II | Other Income | 43.93 | 16.11 | 16.24 | 83.37 | 44.52 |
| III | Total Revenue (I+II) | 4346.71 | 4246.57 | 3350.40 | 16350.18 | 13787.84 |
| IV | EXPENSES | |||||
| Cost of Material Consumed | - | - | - | - | - | |
| Purchase of Stock in Trade | - | - | - | - | - | |
| Change in inventories of Finished Goods, Work-in-progress & Stock in Trade | - | - | - | - | - | |
| Employee Benefit Expenses | 2183.44 | 2020.64 | 1786.32 | 8040.00 | 6355.96 | |
| Finance Cost | 23.27 | 20.52 | 14.43 | 85.57 | 28.43 | |
| Depreciation & Amortization Expense | 84.95 | 77.58 | 76.49 | 318.68 | 221.59 | |
| Other Expenses | 858.66 | 840.08 | 692.76 | 3394.21 | 2601.34 | |
| Total expenses (IV) | 3150.33 | 2958.83 | 2570.00 | 11838.44 | 9207.32 | |
| V | Profit before Exceptional & Extraordinary Items and tax (III-IV) | 1196.39 | 1287.74 | 780.40 | 4511.74 | 4580.52 |
| VI | Exceptional Items | - | - | - | - | - |
| VII | Profit before Extraordinary Items and tax (V-VI) | 1196.39 | 1287.74 | 780.40 | 4511.74 | 4580.52 |
| VIII | Extraordinary Items | - | - | - | 0.00 | - |
| IX | Profit before tax (VII-VIII) | 1196.39 | 1287.74 | 780.40 | 4511.74 | 4580.52 |
| X | Tax Expenses | |||||
| 1 Current Tax | 305.11 | 298.37 | 200.51 | 1134.63 | 1,172.97 | |
| 2 Deferred Tax | -77.63 | 9.22 | -16.10 | (55.97) | (24.46) | |
| Total Tax Expenses (X) | 227.48 | 307.79 | 194.41 | 1078.66 | 1148.51 | |
| XI | Profit/(Loss) for the period from continuing operations (IX-X) | 968.91 | 979.95 | 585.99 | 3433.08 | 3432.01 |
| XII | Profit/(Loss) from discontinuing operation | - | - | - | - | - |
| XIII | Tax Expenses of discontinuing operations | - | - | - | - | - |
| XIV | Profit/(Loss) from discontinuing operation after tax (XII-XIII) | - | - | - | - | - |
| XV | Profit/(Loss) for the Period (XI+XIV) | 968.91 | 979.95 | 585.99 | 3433.08 | 3432.01 |
| XVI | Other Comprehensive Income | |||||
| Items that will not be reclassified to profit or loss | ||||||
| - Remeasurement Gains/(Losses) on Defined Benefit Plans | 60.54 | -17.02 | -7.86 | 44.42 | -71.97 | |
| - Income Tax on above | -15.24 | 4.28 | 1.97 | -11.18 | 18.11 | |
| XVII | Total Other Comprehensive Income | 45.31 | -12.74 | -5.89 | 33.24 | -53.86 |
| XVIII | Total Comprehensive Income for the year | 1014.22 | 967.21 | 580.10 | 3466.32 | 3378.15 |
| XIX | Paid up Equity Share Capital | 1186.02 | 1185.60 | 1185.60 | 1186.02 | 1185.60 |
| XX | Reserves & Surplus | 1752.44 | 1918.01 | 889.83 | 1752.44 | 889.83 |
| XXI | Earnings per equity share | |||||
| (1) Basic | 4.09 | 4.13 | 2.47 | 14.48 | 14.47 | |
| (2) Diluted | 4.09 | 4.13 | 2.47 | 14.48 | 14.47 | |
| Notes:- | ||||||
| 1. The above Consolidated audited Financial Results have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at their respective meeting held on April 30, 2026. | ||||||
| 2. The Statutory Auditors of the Company have carried out the Statutory Audit of the above financial results of the Company and have expressed an unmodified opinion on these Results. | ||||||
| 3. The Company is only having one segment of business i.e. Information Technology Services. | ||||||
| 4. There are no inventor complaints received/pending as on March 31, 2026. | ||||||
| 5. On November 21, 2025, the Government of India notified provisions of the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020, ('Labour Codes') which consolidate twenty-nine existing labour laws into a unified framework governing employee benefits during employment and post-employment. The Labour Codes, amongst other things, introduced changes including a uniform definition of wages and enhanced benefits relating to leave. The Company had assessed the financial implications of these changes which had reached in increase in gratuity liability arising out of past service cost and increase in leave liability by 110.55 Lakhs. | ||||||
| 6. Previous year's period figures have been regrouped/ reclassified/ restated, wherever necessary to confirm to classification of current year/period. |
For Ksolves India Limited
Ratan Kumar
Srivastava
Chairman
Ratan Kumar Srivastava
Chairman Com Managing Director
DIN: 05329338
Place: Delhi
Date: April 30, 2026
KSOLVES INDIA LIMITED
(Formerly Known as Ksolves India Private Limited)
CIN - L72900DL2014PLC269020
317/276, Second floor, Lane no.3, Mehrauli Road, Saidulajab, Saket, South Delhi, New Delhi - 110030 India
Website - www.ksolves.com; Email : [email protected]
Consolidated Statement of Assets & Liabilities as on March 31, 2026
(Rs. In Lakhs)
| Particulars | As at 31st March 2026 | As at 31st March 2025 |
|---|---|---|
| ASSETS | ||
| (1) Non-current assets | ||
| (a) Property, plant and equipment | 190.94 | 235.36 |
| (b) Right to use of assets | 387.37 | 502.41 |
| (c) Intangible assets | 5.99 | 5.99 |
| (d) Deferred tax asset (net) | 141.41 | 96.62 |
| (e) Financial assets | ||
| (i) Investment | - | - |
| (ii) Other financial assets | 118.77 | 129.54 |
| Total Non current assets | 844.48 | 969.91 |
| (2) Current assets | ||
| (a) Financial assets | ||
| (i) Trade receivables | 3,103.95 | 2,110.75 |
| (ii) Cash and cash equivalents | 692.39 | 1,042.68 |
| (iii) Bank balance other than cash and cash equivalent | 15.36 | 5.73 |
| (iv) Other financial assets | 19.60 | 10.18 |
| (b) Other current assets | 1,529.38 | 1,499.21 |
| Total current assets | 5,360.68 | 4,668.54 |
| Total assets | 6,205.17 | 5,638.44 |
| EQUITY AND LIABILITIES | ||
| (1) Equity | ||
| (a) Equity share capital | 1,186.02 | 1,185.60 |
| (b) Other equity | 1,752.44 | 889.83 |
| Total equity | 2,938.46 | 2,075.43 |
| (2) Liabilities | ||
| (A) Non-current liabilities | ||
| (a) Borrowings | - | - |
| (b) Provisions | 832.36 | 438.18 |
| (c) Lease liabilities | 203.32 | 368.46 |
| Total non current liabilities | 1,035.68 | 806.64 |
| (B) Current liabilities | ||
| (a) Financial liabilities | ||
| (i) Borrowings | 150.00 | 900.00 |
| (ii) Trade payables | ||
| Total outstanding dues of micro enterprises and small enterprises | - | - |
| Total outstanding dues of creditors other than micro enterprises and small enterprises | 61.92 | 38.19 |
| (iii) Other financial liabilities | 456.89 | 128.45 |
| (b) Provisions | 1,211.67 | 1,214.90 |
| (c) Other current liabilities | 133.88 | 321.12 |
| (d) Lease liabilities | 216.68 | 153.70 |
| Total current liabilities | 2,231.04 | 2,756.36 |
| Total equity and liabilities | 6,205.17 | 5,638.44 |
For Ksolves India Limited
Ratan
Digitally signed by
Kumar
Ratan Kumar
Srivastava
Tel: 2026.04.30
Date: 2026.04.30
11:59:01 +05'30'
Ratan Kumar Srivastava
Chairman Cum Managing Director
DIN: 05329338
Place: Delhi
Date: April 30, 2026
KSOLVES INDIA LIMITED
Consolidated Statement of Cashflows
for the year ended 31st March, 2026
(Rs. In Lakhs)
| Particulars | Year ended 31st March 2026 | Year ended 31st March 2025 | ||
|---|---|---|---|---|
| A. Cash flow from operating activities | ||||
| Profit before tax | 4,511.74 | 4,580.52 | ||
| Adjustments for: | ||||
| Remeasurement gains/(losses) on defined benefit plans | ||||
| Depreciation & amortisation expense | 318.68 | 221.59 | ||
| Provision for gratuity | 230.93 | 91.87 | ||
| Finance cost | 85.57 | 28.43 | ||
| Investment income | (83.37) | (44.52) | ||
| 551.80 | 297.37 | |||
| Operating profit before working capital changes | 5,063.53 | 4,877.89 | ||
| Adjustments for | ||||
| Trade receivables | (993.20) | (505.39) | ||
| Other financial assets and other current assets | (49.22) | (251.79) | ||
| Trade payables | 23.73 | 13.06 | ||
| Other financial liabilities | 328.44 | 111.51 | ||
| Other current liabilities/other financial liabilities | (124.26) | 333.34 | ||
| (814.51) | (299.27) | |||
| Cash from operating activities | 4,249.02 | 4,578.63 | ||
| Income tax paid | (1,172.23) | (1,167.21) | ||
| Net cash from operating activities (A) | 3,076.78 | 3,411.42 | ||
| B. Cash flow from investing activities | ||||
| Purchase of property, plant and equipment | (159.22) | (723.32) | ||
| Other financial assets (Non current) | 10.77 | (80.52) | ||
| Investment income | 83.37 | 44.52 | ||
| Consolidation Adjustment | (14.37) | - | ||
| Net cash flow from investing activities(B) | (79.45) | (759.32) | ||
| C. Cash flow from financing Activities | ||||
| Proceeds from long term borrowings | - | - | ||
| Proceeds from short term borrowings | (750.00) | 900.00 | ||
| Increase in non current liabilities | 76.89 | 463.06 | ||
| Proceeds from Equity Share Capital | 19.40 | |||
| Payment of Interim dividend | (2,608.32) | (3,675.36) | ||
| Finance cost | (85.57) | (28.43) | ||
| Net cash used in financing activities (C) | (3,347.61) | (2,340.72) | ||
| Net increase in cash and cash equivalents(A+B+C) | (350.29) | 311.39 | ||
| Cash and cash equivalents at the beginning of the year | 1,042.68 | 731.28 | ||
| Cash and cash equivalents at the close of the year | 692.39 | 1,042.68 |
For Ksolves India Limited
Ratan
Digitally signed by
Ratan Kumar
Srivastava
Date: 2026.04.30
11:59:17 +05'30'
Ratan Kumar Srivastava
Chairman Cum Managing Director
DIN: 05329338
Place : Delhi
Date : April 30, 2026
KSOLVES
Al First, Always
Annexure-A
Terms of Grant under Ksolves Employee Stock Option Scheme II 2024.
| Sl. No. | Particulars | Details |
|---|---|---|
| 1. | Name of the Scheme | Ksolves Employee Stock Option Scheme II ("Scheme II") |
| 2. | Brief details of options granted | Grant of 4000 options to eligible employees. |
| Effective grant date being April 30, 2026 | ||
| A | Whether the Scheme is in terms of SEBI (SBEB & SE) Regulations, 2021 (if applicable) | Yes |
| 4. | Total number of shares covered by these options | 4000 Equity Shares of face value Rs. 5/- each (Each Option is convertible into one Equity Share of the Company). |
| 5. | Pricing Formula | The Exercise price for the above-mentioned Options shall be at 20% discount to the Market Price of Share of the Company as mentioned under the scheme. |
| 6. | Options Vested | Not Applicable, as this outcome is pertaining to grant of Options under the Scheme II. |
| 7. | Time within which option may be exercised | All Options upon vesting shall be exercisable within 3 Year from the date of respective vesting. |
| 8. | Options exercised | Not Applicable, as this outcome is pertaining to grant of Options under the Scheme II. |
| 9. | Money realized by exercise of Options | Not Applicable, as this outcome is pertaining to grant of Options under the Scheme II. |
Ksolves India Limited (Formerly known as Ksolves India Private Limited)
Registered. Office.: 317/276-Second floor, Lane No.3, Mehrauli Road, Saidulajab, Saket, New Delhi-110030,
Corporate Office: C-28,29, Second floor, C-Block, Smartworks, Tower -D, Logix Cyber Park, Sector 62, Noida, UP - 201301
Telephone No: 0120-4983851 Email Id: [email protected] Website: www.ksolves.com
CIN: L72900DL2014PLC269020
KSOLVES
Al First, Always
| 10. | The total number of Shares arising as a result of exercise of Option | 4000 shares will arise resultant to exercise of the said options. |
|---|---|---|
| 11. | Options lapsed | Not Applicable, as this outcome is pertaining to grant of Options under the Scheme II. |
| 12. | Variation in terms of Options | Not Applicable |
| 13. | Brief details of significant terms | The Scheme II is administered by the Nomination and Remuneration Committee. |
The grant of Options is based upon the eligibility criteria as mentioned in the Scheme II.
There shall be a minimum period of 1 (one) year between grant of options and vesting of options.
The granted Options once vested shall entitle the Option holder to acquire an equal number of Equity Shares, upon payment of exercise price and applicable taxes in accordance with terms and conditions of the Scheme II.
All Vested Options shall be exercised, either in full or in part, from the date of vesting and within 3 year (three year) from the date of respective vesting. |
| 14. | Subsequent changes or cancellation or exercise of such Options | Not Applicable, as this outcome is pertaining to grant of Options under the Scheme II. |
| 15. | Diluted earnings per share pursuant to the issue of equity shares on exercise of Options. | Not Applicable, as this outcome is pertaining to grant of Options under the Scheme II. |
Ksolves India Limited (Formerly known as Ksolves India Private Limited)
Registered. Office.: 317/276-Second floor, Lane No.3, Mehrauli Road, Saidulajab, Saket, New Delhi-110030,
Corporate Office: C-28,29, Second floor, C-Block, Smartworks, Tower -D, Logix Cyber Park, Sector 62, Noida, UP - 201301
Telephone No: 0120-4983851 Email Id: [email protected] Website: www.ksolves.com
CIN: L72900DL2014PLC269020