Ksolves India Limited — Interim / Quarterly Report 2024

Oct 15, 2023

Date: October 15, 2023

To

Listing Compliance Listing Compliance National Stock Exchange of India Ltd. The Bombay Stock Exchange Limited, Exchange Plaza, Plot no. C/1, G Block, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Bandra (E) Dalal Street, Mumbai – 400051 Mumbai – 400 001.

Subject : Outcome of the Meeting of the Board of Directors of Ksolves India Limited held on October 15, 2023.

Ref : Reg. 30 and Reg.33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

BSE Scrip Code: 543599; NSE Symbol; KSOLVES; ISIN: INE0D6I01015

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 Sunday, October 15, 2023, have inter alia considered and approved the following:

1. Un-Audited Standalone Financial Results of the Company for the second quarter and six months ended September 30, 2023.

2. Un-Audited Consolidated Financial Results of the Company for the second quarter and six months ended September 30, 2023.

3. Recommended the 1[st] interim dividend of Rs.7/- (Rupees Seven) per share for financial year 2023-24 on its fully paid-up Equity Share Capital of the Company to be paid to the eligible shareholders, holding shares of the company as on the record date i.e. October 26, 2023.

In respect of aforementioned approved items, please find enclosed herewith:

1. Un-Audited Standalone Financial results and Un-Audited Consolidated Financial Results for the second quarter and six months ended September 30, 2023 along with the Limited Review Reports thereon.

The said meeting commenced at 04:30 p.m and concluded at 05:15 p.m.

Further, the Trading Window for dealing in its securities shall remain closed until 48 hours from this announcement. 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

MANISHA KIDE Digitally signed by MANISHA KIDE Date: 2023.10.15 17:15:32 +05'30'

Manisha Kide

Company Secretary & Compliance Officer

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A Y & COMPANY 505, Fifth Floor, ARG Corporate Park Gopal Bari, Ajmer Road, Jaipur (Raj.) TEL NO. - +91-8003056441 Email: info@aycompany.co.in

Independent Auditor's Review Report On The Quarterly & Half Yearly Unaudited Standalone Financial Results Of The Company Pursuant To The Regulation 33 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015, As Amended

Review Report To The Board of Directors Ksolves India Limited

1. We have reviewed the accompanying statement of unaudited standalone financial results of Ksolves India Limited (the 'Company') for the quarter & Half year ended September 30, 2023 (the "Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('the Regulation') as amended, read with SEBI Circular No. CIR/CFD/CMD1/44/2019 dated March 29, 2019 ('the Circular').

2. The preparation of this Statement is the responsibility of the Company's management and has been approved by the Board of Directors of the Company. Our responsibility is to issue a report on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the applicable Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other recognised accounting practices and policies has not disclosed the information required to be disclosed in terms of the Regulation, read with the Circular, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For A Y & Company Chartered Accountants FRN: 020829C Arpit Gupta Partner M. No. 421544 UDIN: 23421544BGSQFZ5419 Place: Delhi Date: 15.10.2023

317/276, Second floor, L Statement of Unaudited Standalone Financial Results for	317/276, Second floor, L Statement of Unaudited Standalone Financial Results for	KSOLVES INDIA LIMITED CIN - L72900DL2014PLC269020 ane no.3, Mehrauli Road, Saidulajab, Saket, South Delhi, New Delhi - 110030 India the Quarter & Half Year ended on September 30, 2023 Pursuant to regulation 33 of SEBI (LODR) Regulation, 2015 (Amount in Lakhs) (Formerly Known as Ksolves India Private Limited) Website - www.ksolves.com; Email : cs@ksolves.com	KSOLVES INDIA LIMITED CIN - L72900DL2014PLC269020 ane no.3, Mehrauli Road, Saidulajab, Saket, South Delhi, New Delhi - 110030 India the Quarter & Half Year ended on September 30, 2023 Pursuant to regulation 33 of SEBI (LODR) Regulation, 2015 (Amount in Lakhs) (Formerly Known as Ksolves India Private Limited) Website - www.ksolves.com; Email : cs@ksolves.com	KSOLVES INDIA LIMITED CIN - L72900DL2014PLC269020 ane no.3, Mehrauli Road, Saidulajab, Saket, South Delhi, New Delhi - 110030 India the Quarter & Half Year ended on September 30, 2023 Pursuant to regulation 33 of SEBI (LODR) Regulation, 2015 (Amount in Lakhs) (Formerly Known as Ksolves India Private Limited) Website - www.ksolves.com; Email : cs@ksolves.com	KSOLVES INDIA LIMITED CIN - L72900DL2014PLC269020 ane no.3, Mehrauli Road, Saidulajab, Saket, South Delhi, New Delhi - 110030 India the Quarter & Half Year ended on September 30, 2023 Pursuant to regulation 33 of SEBI (LODR) Regulation, 2015 (Amount in Lakhs) (Formerly Known as Ksolves India Private Limited) Website - www.ksolves.com; Email : cs@ksolves.com	KSOLVES INDIA LIMITED CIN - L72900DL2014PLC269020 ane no.3, Mehrauli Road, Saidulajab, Saket, South Delhi, New Delhi - 110030 India the Quarter & Half Year ended on September 30, 2023 Pursuant to regulation 33 of SEBI (LODR) Regulation, 2015 (Amount in Lakhs) (Formerly Known as Ksolves India Private Limited) Website - www.ksolves.com; Email : cs@ksolves.com	KSOLVES INDIA LIMITED CIN - L72900DL2014PLC269020 ane no.3, Mehrauli Road, Saidulajab, Saket, South Delhi, New Delhi - 110030 India the Quarter & Half Year ended on September 30, 2023 Pursuant to regulation 33 of SEBI (LODR) Regulation, 2015 (Amount in Lakhs) (Formerly Known as Ksolves India Private Limited) Website - www.ksolves.com; Email : cs@ksolves.com
	Particulars	Quarter ended on 30/09/2023	Quarter ended on 30/06/2023	Quarter ended on 30/09/2022	Year to date figures for year ended on 30/09/2023	Year to date figures for the year ended 30/09/2022	Year to date figures for the previous year ended 31/03/2023
		Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
	INCOME FROM OPERATIONS
I	Revenue from Operations	2589.79	2366.14	1826.27	4955.93	3437.31	7,711.65
II	Other Income	7.65	6.90	5.67	14.56	16.83	62.18
III	Total Revenue(I+II)	2597.44	2373.04	1831.94	4970.49	3454.14	7773.84
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	1124.78	1029.75	806.75	2154.54	1517.02	3439.22
	Finance Cost	-	0.00	-	0.00	-	-
	Depreciation &Amortization Expense	17.13	13.33	7.95	30.46	18.03	40.18
	Other Expenses	341.97	322.00	208.61	663.97	374.33	995.12
	Total expenses(IV)	1483.88	1365.09	1023.31	2848.98	1909.38	4474.52
V	Profit before Exceptional & Extraordinary Items and tax (III-IV)	1113.56	1007.95	808.63	2121.51	1544.76	3299.31
VI	Exceptional Items	-	-	-	-	-	-
VII	Profit before Extraordinary Items and tax(V-VI)	1113.56	1007.95	808.63	2121.51	1544.76	3299.31
VIII	ExtraordinaryItems	-	-	-	-	-	-
IX	Profit before tax(VII-VIII)	1113.56	1007.95	808.63	2121.51	1544.76	3299.31
X	Tax Expenses
	1 Current Tax	277.78	257.50	211.39	535.28	398.98	828.98
	2 Deferred Tax	10.06	(4.49)	(0.08)	5.57	(9.79)	(16.69)
	Total Tax Expenses(X)	287.84	253.00	211.31	540.85	389.19	812.28
XI	Profit/(Loss) for theperiod from continuing operations(IX-X)	825.72	754.95	597.33	1580.67	1155.57	2487.03
XII	Profit/(Loss)from discontinuingoperation	-	-	-	-	-	-
XIII	Tax Expenses of discontinuingoperations	-	-	-	-	-	-
XIV	Profit/(Loss) from discontinuing operation after tax(XII-XIII)	-	-	-	-	-	-
XV	Profit(Loss) for the Period(XI+XIV)	825.72	754.95	597.33	1580.67	1155.57	2487.03
XVI	Other Comprehensive Income
	Items that will not be reclassified toprofit or loss
	- Remeasurement Gains/(Losses)on Defined Benefit Plans	-6.59	-2.36	-10.76	-8.95	-20.78	-36.16
	- Income Tax on above	1.66	0.59	2.71	2.25	5.23	9.10
XVII	Total Other Comprehensive Income	-4.93	-1.77	-8.05	-6.70	-15.55	-27.06
XVIII	Total Comprehensive Income for theyear	820.79	753.18	589.28	1573.97	1140.02	2459.97
XIX	Paid up Equity Share Capital	1185.60	1185.60	1185.60	1185.60	1185.60	1185.60
XX	Reserves & Surplus	1689.60	1817.29	633.36	1689.60	633.36	1064.11
XXI	Earningsper equityshare
	(1)Basic	6.96	6.37	5.04	13.33	9.75	20.98
	(2)Diluted	6.96	6.37	5.04	13.33	9.75	20.98
Notes:-
1. The above Standalone Unaudited Financial Results have been reviewed bythe Audit		Committee and approved bythe Board of Directors of the Companyat their respective meetingheld on October 15,2023
2. The StatutoryAuditors of the Companyhave carried out the Limited Review of the ab		ove financial results of the Companyand have expressed an unmodified opnion on these Results
3. The Companyis onlyhavingone segment of business i.e. Information TechnologySe		rvices.
4. There are no investor complaints received/pendingas on September 30,2023
5. Previousyear's/period figures have been regrouped/ reclassified/ restated,wherever n		ecessaryto confirm to classification of currentyear/period.

For Ksolves India Limited

RATAN KUMAR Digitally signed by RATAN KUMAR SRIVASTAVA SRIVASTAVA Date: 2023.10.15 17:25:20 +05'30'

Ratan Kumar Srivastava Chairman Cum Managing Director DIN : 05329338

Place : Delhi Date : October 15, 2023

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 : cs@ksolves.com

Standalone Statement of Assets & Liabilities as on September 30, 2023

	(Amount in Lakhs)	(Amount in Lakhs)
Particulars	As at 30th September 2023	As at 31st March 2023
	Unaudited	Audited
I. ASSETS (1) Non-Current Assets (a) Property, Plant and Equipment (b) Intangible Assets (c) Financial Assets (i) Investments (ii) Other Financial Assets (d) Deferred tax Assets (Net) (e) Other Non Current Assets Total Non Current Assets (2) Current Assets (a) Inventories (b) Financial Assets (i) Trade Receivables (ii) Cash and Cash Equivalents (iii) Bank balance other then cash equivalents (iv) Other Financial Assets (c) Other Current Assets Total Current Assets Total Assets II. EQUITY AND LIABILITIES (1) Equity (a) Equity Share capital (b) Other Equity Total Equity (2) Liabilities (A) Non-current liabilities (a) Financial Liabilities (i) Borrowings (ii) Other Financial Liabilities (b) Provisions Total Non Current Liabilities (B) Current liabilities (a) Financial Liabilities (i) Borrowings (ii) Trade Payables Total Outstanding dues of Micro Enterprises and Small Enterprises Total Outstanding dues of Creditors other than Micro Enterprises and Small Enterprises (ii) Other Financial Liabilities (b) Provisions (c) Other Current Liabilities Total Current Liabilities Total Equity and Liabilities	202.88 60.36 45.94 46.02	98.61 60.36 43.81 49.34 -
	355.20	252.11
	1,803.11 1,001.07 3.09 35.89 504.27	1,508.39 822.19 3.38 3.11 824.74
	3,347.43	3,161.81
	3,702.63	3,413.92
	1,185.60 1,689.60	1,185.60 1,064.11
	2,875.20	2,249.71
	- - 163.13	- - 135.79
	163.13	135.79
	- 21.75 15.94 553.10 73.51	- 46.69 14.67 842.06 125.01
	664.30	1,028.42
	3,702.63	3,413.92

Ratan Kumar Srivastava Chairman Cum Managing Director DIN : 05329338 RATAN Digitally signed by RATAN KUMAR KUMAR SRIVASTAVA Date: 2023.10.15 SRIVASTAVA 17:25:49 +05'30'

Place : Delhi Date : October 15, 2023

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 : cs@ksolves.com

Standalone Statement of Cash Flows for Half Year Ended on September 30, 2023

	(Amount in Lakhs)	(Amount in Lakhs)
	**For Half Year Ended on **
	30.09.2023	30.09.2022
Cash flows from operating activities Profit before taxation Adjustments for: Depreciation Provision for Gratuity debited to Profit & loss Investment Income Working capital changes: (Increase) / Decrease in Trade Receivables (Increase) / Decrease in Financial Assets/Other Current Assets Increase / (Decrease) in Trade Payables Increase / (Decrease) in Financial Liabilities/Other Current Liabilities Increase / (Decrease) in Short Term Provisions Cash generated from operations Payment/Adjustmen on Account of Tax Expenses Net cash from operating activities Cash flows from investing activities Purchase of property, plant and equipment Increase in Other Financial Assets (Non Current) Investment income Increase in Investments Net cash used in investing activities Cash flows from financing activities Proceeds from Issue of Share Capital Proceeds from Security Premium Payment of Interim Dividend Net cash used in financing activities Net increase in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end ofperiod	2,121.51 30.46 20.38 (14.55) (294.72) 287.98 (24.94) (50.23) -	1,544.76 18.03 18.57 (11.74) (272.09) 66.08 (16.61) 18.73 -
	2,075.89 826.24	1,365.73 490.59
	1,249.65 (134.74) (2.13) 14.55 -	875.14 (28.55) 5.52 11.74 -
	(122.31) - - (948.48)	(11.29) - - (948.48)
	(948.48) 178.87 822.19 1,001.07	(948.48) (84.62) 670.20 585.58

For Ksolves India Limited

RATAN Digitally signed by RATAN KUMAR KUMAR SRIVASTAVA Date: 2023.10.15 SRIVASTAVA 17:26:15 +05'30'

Ratan Kumar Srivastava Chairman Cum Managing Director DIN : 05329338

Place : Delhi Date : October 15, 2023

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A Y & COMPANY 505, Fifth Floor, ARG Corporate Park Gopal Bari, Ajmer Road, Jaipur (Raj.) TEL NO. - +91-8003056441 Email: info@aycompany.co.in

Independent Auditor's Review Report On the Quarterly & Half Yearly Unaudited Consolidated Financial Results of the Company Pursuant to The Regulation 33 Of The SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, As Amended

Review Report To The Board of Directors Ksolves India Limited

1. We have reviewed the accompanying Statement of unaudited Consolidated Financial Results of Ksolves India Limited ("the Parent"), which includes its subsidiary (the Parent and its subsidiaries together referred to as 'the Group') for the quarter & half year ended September 30, 2023 (the "Statement") attached herewith, being submitted by the Parent pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('the Regulation') read with SEBI Circular No. CIRICFD/CMD1/44/2019 dated March 29,2019 ('the Circular').

2. This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India read with the Circular. Our responsibility is to express a conclusion on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of lnterim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of lndia. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the Circular issued by the Securities and Exchange Board of lndia under Regulation 33(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended, to the extent applicable.

1. The Statement includes the results of the following entities:

2. Kartik Solutions Private Limited (A Company incorporated under Companies Act, 2013).

3. Ksolves LLC (Incorporated in United States of America)

4. The accompanying Statement includes the unaudited interim financial results and other financial information of subsidiary companies whose interim financial results reflects reflect total assets of Rs. 67.87 Lakhs as at September 30, 2023, and total revenue of Rs. 8.56 & 21.23 Lakhs , total net profit of Rs. (2.63 Lakhs) and 1.39 Lakhs total comprehensive income of Rs. (2.63 Lakhs) and 1.39 Lakhs

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A Y & COMPANY

505, Fifth Floor, ARG Corporate Park Gopal Bari, Ajmer Road, Jaipur (Raj.) TEL NO. - +91-8003056441 Email: info@aycompany.co.in

for the quarter & half year ended on September 30, 2023 respectively as considered in the unaudited consolidated financial results. The Unaudited financial results of subsidiary company incorporated in India has been reviewed by other independent auditor & of incorporated in USA is reviewed by the management itself since the law of that country doesn’t required the Independent Audit. Review reports has been submitted to us by the management & our conclusion on the statement in so far as it relates to amounts and disclosure in the financial statements of subsidiary company is based solely on the report of other auditor/management certification & procedure performed by us as stated in paragraph 3 above. Our conclusion, in so far as it relates to the affairs of such subsidiary is based solely on the report of such auditors/management. Our conclusion is not modified in respect of this matter.

1. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the management review reports of subsidiary company referred to in paragraph 5 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standard specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Regulation, read with the Circular, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For A Y & Company Chartered Accountants FRN: 020829C

==> picture [66 x 47] intentionally omitted <==

==> picture [48 x 47] intentionally omitted <==

Arpit Gupta Partner M. No. 421544 UDIN: 23421544BGSQFY5020 Place: Delhi Date: 15.10.2023

317/276, Second floor, L Statement of Unaudited Consolidated Financial Results fo	317/276, Second floor, L Statement of Unaudited Consolidated Financial Results fo	KSOLVES INDIA LIMITED CIN - L72900DL2014PLC269020 ane no.3, Mehrauli Road, Saidulajab, Saket, South Delhi, New Delhi - 110030 India r the Quarter & Half Year ended on September 30, 2023 Pursuant to regulation 33 of SEBI (LODR) Regulation, 2015 (Amount in Lakhs) (Formerly Known as Ksolves India Private Limited) Website - www.ksolves.com; Email : cs@ksolves.com	KSOLVES INDIA LIMITED CIN - L72900DL2014PLC269020 ane no.3, Mehrauli Road, Saidulajab, Saket, South Delhi, New Delhi - 110030 India r the Quarter & Half Year ended on September 30, 2023 Pursuant to regulation 33 of SEBI (LODR) Regulation, 2015 (Amount in Lakhs) (Formerly Known as Ksolves India Private Limited) Website - www.ksolves.com; Email : cs@ksolves.com	KSOLVES INDIA LIMITED CIN - L72900DL2014PLC269020 ane no.3, Mehrauli Road, Saidulajab, Saket, South Delhi, New Delhi - 110030 India r the Quarter & Half Year ended on September 30, 2023 Pursuant to regulation 33 of SEBI (LODR) Regulation, 2015 (Amount in Lakhs) (Formerly Known as Ksolves India Private Limited) Website - www.ksolves.com; Email : cs@ksolves.com	KSOLVES INDIA LIMITED CIN - L72900DL2014PLC269020 ane no.3, Mehrauli Road, Saidulajab, Saket, South Delhi, New Delhi - 110030 India r the Quarter & Half Year ended on September 30, 2023 Pursuant to regulation 33 of SEBI (LODR) Regulation, 2015 (Amount in Lakhs) (Formerly Known as Ksolves India Private Limited) Website - www.ksolves.com; Email : cs@ksolves.com	KSOLVES INDIA LIMITED CIN - L72900DL2014PLC269020 ane no.3, Mehrauli Road, Saidulajab, Saket, South Delhi, New Delhi - 110030 India r the Quarter & Half Year ended on September 30, 2023 Pursuant to regulation 33 of SEBI (LODR) Regulation, 2015 (Amount in Lakhs) (Formerly Known as Ksolves India Private Limited) Website - www.ksolves.com; Email : cs@ksolves.com	KSOLVES INDIA LIMITED CIN - L72900DL2014PLC269020 ane no.3, Mehrauli Road, Saidulajab, Saket, South Delhi, New Delhi - 110030 India r the Quarter & Half Year ended on September 30, 2023 Pursuant to regulation 33 of SEBI (LODR) Regulation, 2015 (Amount in Lakhs) (Formerly Known as Ksolves India Private Limited) Website - www.ksolves.com; Email : cs@ksolves.com
	Particulars	Quarter ended on 30/09/2023	Quarter ended on 30/06/2023	Quarter ended on 30/09/2022	Year to date figures for year ended on 30/09/2023	Year to date figures for the year ended 30/09/2022	Year to date figures for the previous year ended 31/03/2023
		Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
	INCOME FROM OPERATIONS
I	Revenue from Operations	2598.35	2378.82	1850.26	4977.17	3501.49	7,831.16
II	Other Income	9.81	6.93	5.79	16.74	16.99	62.57
III	Total Revenue(I+II)	2608.16	2385.75	1856.05	4993.91	3518.48	7893.73
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	1124.78	1029.75	806.74	2154.54	1544.52	3464.28
	Finance Cost	-	0.00	-	0.00	-	-
	Depreciation &Amortization Expense	18.02	13.85	12.68	31.88	27.47	54.73
	Other Expenses	350.79	329.41	234.27	680.19	435.12	1081.16
	Total expenses(IV)	1493.59	1373.01	1053.69	2866.61	2007.11	4600.17
V	Profit before Exceptional & Extraordinary Items and tax (III-IV)	1114.57	1012.73	802.36	2127.30	1511.37	3293.56
VI	Exceptional Items	-	-	-	-	-	-
VII	Profit before Extraordinary Items and tax(V-VI)	1114.57	1012.73	802.36	2127.30	1511.37	3293.56
VIII	ExtraordinaryItems	-	-	-	-	0.00	-
IX	Profit before tax (VII-VIII)	1114.57	1012.73	802.36	2127.30	1511.37	3293.56
X	Tax Expenses
	1 Current Tax	280.12	259.49	211.39	539.61	401.41	836.99
	2 Deferred Tax	11.37	(5.72)	(0.62)	5.65	(10.85)	(15.46)
	Total Tax Expenses(X)	291.48	253.77	210.77	545.26	390.56	821.52
XI	Profit/(Loss) for theperiod from continuing operations(IX-X)	823.09	758.96	591.59	1582.05	1120.80	2472.04
XII	Profit/(Loss)from discontinuingoperation	-	-	-	-	-	-
XIII	Tax Expenses of discontinuingoperations	-	-	-	-	-	-
XIV	Profit/(Loss) from discontinuing operation after tax(XII-XIII)	-	-	-	-	-	-
XV	Profit(Loss) for the Period(XI+XIV)	823.09	758.96	591.59	1582.05	1120.80	2472.04
XVI	Other Comprehensive Income
	Items that will not be reclassified toprofit or loss
	- Remeasurement Gains/(Losses)on Defined Benefit Plans	-6.59	-2.36	-10.76	-8.95	-20.78	-36.16
	- Income Tax on above	1.66	0.59	2.71	2.25	5.23	9.10
XVII	Total Other Comprehensive Income	-4.93	-1.77	-8.05	-6.70	-15.55	-27.06
XVIII	Total Comprehensive Income for theyear	818.16	757.19	583.53	1575.35	1105.25	2444.98
XIX	Paid up Equity Share Capital	1185.60	1185.60	1185.60	1185.60	1185.60	1185.60
XX	Reserves & Surplus	1679.62	1809.94	638.80	1679.62	638.80	1052.75
XXI	Earningsper equityshare
	(1)Basic	6.94	6.40	4.99	13.34	9.45	20.85
	(2)Diluted	6.94	6.40	4.99	13.34	9.45	20.85
Notes:-
1. The above Consolidated Unaudited Financial Results have been reviewed bythe Audi		t Committee and approved bythe Board of Directors of the Companyat their respective meetingheld on October 15,2023
2. The StatutoryAuditors of the Companyhave carried out the Limited Review of the ab		ove financial results of the Companyand have expressed an unmodified opnion on these Results
3. The Companyis onlyhavingone segment of business i.e. Information TechnologySe		rvices.
4. There are no investor complaints received/pendingas on September 30,2023
5. Previousyear's/period figures have been regrouped/ reclassified/ restated,wherever n		ecessaryto confirm to classification of currentyear/period.

For Ksolves India Limited

RATAN KUMAR

SRIVASTAVA

Digitally signed by RATAN KUMAR SRIVASTAVA Date: 2023.10.15 17:26:47 +05'30'

Ratan Kumar Srivastava Chairman Cum Managing Director DIN : 05329338 Place : Delhi Date : October 15, 2023

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 : cs@ksolves.com

Consolidated Statement of Assets & Liabilities as on September 30, 2023

		(Amount in Lakhs)
Particulars	As at 30th September 2023	As at 31st March 2023
	Unaudited	Audited
I. ASSETS (1) Non-Current Assets (a) Property, Plant and Equipment (b) Intangible Assets (c) Financial Assets (i) Investments (ii) Other Financial Assets (d) Deferred tax Assets (Net) (e) Other Non Current Assets Total Non Current Assets (2) Current Assets (a) Inventories (b) Financial Assets (i) Trade Receivables (ii) Cash and Cash Equivalents (iii) Bank balance other then cash equivalents (iv) Other Financial Assets (c) Other Current Assets Total Current Assets Total Assets II. EQUITY AND LIABILITIES (1) Equity (a) Equity Share capital (b) Other Equity Total Equity (2) Liabilities (A) Non-current liabilities (a) Financial Liabilities (i) Borrowings (ii) Other Financial Liabilities (b) Provisions Total Non Current Liabilities (B) Current liabilities (a) Financial Liabilities (i) Borrowings (ii) Trade Payables Total Outstanding dues of Micro Enterprises and Small Enterprises Total Outstanding dues of Creditors other than Micro Enterprises and Small Enterprises (ii) Other Financial Liabilities (b) Provisions (c) Other Current Liabilities Total Current Liabilities Total Equity and Liabilities	207.19 5.99 - 45.94 47.04 -	104.30 5.99 - 43.81 50.44 -
	306.16	204.54
	1,830.25 1,015.68 3.09 33.44 504.35	1,513.01 857.31 3.38 3.11 827.44
	3,386.80	3,204.25
	3,692.95	3,408.79
	1,185.60 1,679.62	1,185.60 1,052.75
	2,865.22	2,238.35
	- - 163.13	- - 135.79
	163.13	135.79
	- 22.03 15.94 553.10 73.51	- 46.67 14.67 848.18 125.12
	664.59	1,034.65
	3,692.95	3,408.79

Ratan Kumar Srivastava Chairman Cum Managing Director DIN : 05329338

RATAN Digitally signed by RATAN KUMAR KUMAR SRIVASTAVA Date: 2023.10.15 SRIVASTAVA 17:27:15 +05'30'

Place : Delhi Date : October 15, 2023

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 : cs@ksolves.com

Consolidated Statement of Cash Flows for Half Year Ended on September 30, 2023

	(Amount in Lakhs)	(Amount in Lakhs)
	**For Half Year Ended on **
	30.09.2023	30.09.2022
Cash flows from operating activities Profit before taxation Adjustments for: Depreciation Provision for Gratuity debited to Profit & loss Investment Income Working capital changes: (Increase) / Decrease in Trade Receivables (Increase) / Decrease in Financial Assets/Other Current Assets Increase / (Decrease) in Trade Payables Increase / (Decrease) in Financial Liabilities/Other Current Liabilities Increase / (Decrease) in Short Term Provisions Cash generated from operations Payment/Adjustmen on Account of Tax Expenses Net cash from operating activities Cash flows from investing activities Purchase of property, plant and equipment Increase in Other Financial Assets (Non Current) Investment income Increase in Non Current Investments Net cash used in investing activities Cash flows from financing activities Finance Cost Repayment of Borrowings Proceeds from Issue of Share Capital Proceeds from Security Premium Payment of Interim Dividend Net cash used in financing activities Net increase in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end ofperiod	2,127.30 31.88 20.38 (14.56) (317.24) 293.05 (24.64) (50.34) -	1,511.37 27.47 18.57 (11.86) (244.30) 78.69 (3.44) 20.13 -
	2,065.83 836.66	1,396.63 495.88
	1,229.17 (134.76) (2.13) 14.56 -	900.75 (29.19) 5.52 11.86 -
	(122.32) - - - - (948.48)	(11.81) - - - - (948.48)
	(948.48) 158.36 857.31 1,015.68	(948.48) (59.54) 689.50 629.97

For Ksolves India Limited

RATAN Digitally signed by RATAN KUMAR KUMAR SRIVASTAVA Date: 2023.10.15 SRIVASTAVA 17:27:42 +05'30'

Ratan Kumar Srivastava Chairman Cum Managing Director DIN : 05329338

Place : Delhi Date : October 15, 2023