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Ksolves India Limited — Interim / Quarterly Report 2025
Oct 19, 2024
59517_rns_2024-10-19_14a57756-a6d2-44d9-982a-f1431276f568.pdf
Interim / Quarterly Report
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Date: October 18, 2024
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 October 18, 2024
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 Friday, October 18, 2024, have inter alia considered and approved the following:
-
Un-Audited Standalone Financial Results of the Company for the quarter and half year ended September 30, 2024.
-
Un-Audited Consolidated Financial Results of the Company for the quarter and half year ended September 30, 2024.
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Declaration of 2[nd] interim dividend of Rs.8 per share for the FY 2024-25 with record date October 28, 2024.
-
Grant of 17500 Options under Ksolves Employee Stock Option Scheme I 2024.
-
Grant of 42500 Options under Ksolves Employee Stock Option Scheme II 2024.
In respect of aforementioned approved items, please find enclosed herewith:
-
Un-Audited Standalone Financial results and Un-Audited Consolidated Financial Results for the quarter ended September 30, 2024 along with the Limited Review Reports thereon.
-
Terms of Grant under under Ksolves Employee Stock Option Scheme I 2024. (Annexure-A)
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Terms of Grant under under Ksolves Employee Stock Option Scheme II 2024. (Annexure-B)
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
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The said meeting commenced at 03:45 p.m and concluded at 04:25 p.m.
Further, the Trading Window for dealing in its securities shall remain closed until October 22nd, 2024. 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 Digitally signed by MANISHA KIDE KIDE Date: 2024.10.18 17:18:29 +05'30'
Manisha Kide Company Secretary & Compliance Officer
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
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A Y & COMPANY 505, Fifth Floor, ARG Corporate Park Gopal Bari, Ajmer Road, Jaipur (Raj.) TEL NO. - +91-8003056441 Email: [email protected]
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
-
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, 2024 (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').
-
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.
-
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.
-
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: 24421544BKFPPG9224 Place: Delhi Date: 18.10.2024
| 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, 2024 Pursuant to regulation 33 of SEBI (LODR) Regulation, 2015 (Amount in Lakhs) (Formerly Known as Ksolves India Private Limited) Website - www.ksolves.com; Email : [email protected] |
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, 2024 Pursuant to regulation 33 of SEBI (LODR) Regulation, 2015 (Amount in Lakhs) (Formerly Known as Ksolves India Private Limited) Website - www.ksolves.com; Email : [email protected] |
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, 2024 Pursuant to regulation 33 of SEBI (LODR) Regulation, 2015 (Amount in Lakhs) (Formerly Known as Ksolves India Private Limited) Website - www.ksolves.com; Email : [email protected] |
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, 2024 Pursuant to regulation 33 of SEBI (LODR) Regulation, 2015 (Amount in Lakhs) (Formerly Known as Ksolves India Private Limited) Website - www.ksolves.com; Email : [email protected] |
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, 2024 Pursuant to regulation 33 of SEBI (LODR) Regulation, 2015 (Amount in Lakhs) (Formerly Known as Ksolves India Private Limited) Website - www.ksolves.com; Email : [email protected] |
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, 2024 Pursuant to regulation 33 of SEBI (LODR) Regulation, 2015 (Amount in Lakhs) (Formerly Known as Ksolves India Private Limited) Website - www.ksolves.com; Email : [email protected] |
|---|---|---|---|---|---|---|---|
| Particulars | Quarter ended on 30/09/2024 |
Quarter ended on 30/06/2024 |
Quarter ended on 30/09/2023 |
Year to date figures for year ended on 30/09/2024 |
Year to date figures for the year ended 30/09/2023 |
Year to date figures for the previous year ended 31/03/2024 |
|
| Unaudited | Unaudited | Unaudited | Unaudited | Unaudited | Audited | ||
| INCOME FROM OPERATIONS | |||||||
| I | Revenue from Operations | 3477.16 | 3146.33 | 2589.79 | 6623.49 | 4955.93 | 10,807.34 |
| II | Other Income | 10.66 | 9.66 | 7.65 | 20.32 | 14.56 | 33.74 |
| III | Total Revenue (I+II) | 3487.83 | 3155.99 | 2597.44 | 6643.81 | 4970.49 | 10841.09 |
| 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 | 1484.50 | 1375.94 | 1124.78 | 2860.44 | 2154.54 | 4590.94 | |
| Finance Cost | 9.33 | 0.00 | - | 9.33 | 0.00 | - | |
| Depreciation &Amortization Expense | 63.82 | 29.23 | 17.13 | 93.05 | 30.46 | 83.73 | |
| Other Expenses | 669.41 | 568.62 | 341.97 | 1238.02 | 663.97 | 1577.08 | |
| Total expenses (IV) | 2227.06 | 1973.79 | 1483.88 | 4200.84 | 2848.98 | 6251.75 | |
| V | Profit before Exceptional & Extraordinary Items and tax (III-IV) | 1260.77 | 1182.20 | 1113.56 | 2442.97 | 2121.51 | 4589.33 |
| VI | Exceptional Items |
- | - | - | - | - | - |
| VII | Profit before Extraordinary Items and tax (V-VI) | 1260.77 | 1182.20 | 1113.56 | 2442.97 | 2121.51 | 4589.33 |
| VIII | Extraordinary Items | - | - | - | - | - | - |
| IX | Profit before tax (VII-VIII) | 1260.77 | 1182.20 | 1113.56 | 2442.97 | 2121.51 | 4589.33 |
| X | Tax Expenses | ||||||
| 1 Current Tax | 338.22 | 303.99 | 277.78 | 642.21 | 535.28 | 1,166.30 | |
| 2 Deferred Tax | 0.76 | (17.99) | 10.06 | (17.23) | 5.57 | 0.09 | |
| Total Tax Expenses (X) | 338.98 | 286.00 | 287.84 | 624.98 | 540.85 | 1166.39 | |
| XI | Profit/(Loss) for the period from continuing operations (IX-X) | 921.79 | 896.20 | 825.72 | 1817.99 | 1580.67 | 3422.95 |
| 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) | 921.79 | 896.20 | 825.72 | 1817.99 | 1580.67 | 3422.95 |
| XVI | Other Comprehensive Income | ||||||
| Items that will not be reclassified to profit or loss | |||||||
| -Remeasurement Gains/(Losses) on Defined Benefit Plans | -4.95 | -21.18 | -6.59 | -26.13 | -8.95 | -13.55 | |
| -Income Tax on above | 1.24 | 5.33 | 1.66 | 6.58 | 2.25 | 3.41 | |
| XVII | Total Other Comprehensive Income | -3.70 | -15.85 | -4.93 | -19.55 | -6.70 | -10.14 |
| XVIII | Total Comprehensive Income for the year | 918.09 | 880.35 | 820.79 | 1798.43 | 1573.97 | 3412.81 |
| XIX | Paid up Equity Share Capital | 1185.60 | 1185.60 | 1185.60 | 1185.60 | 1185.60 | 1185.60 |
| XX | Reserves & Surplus | 2066.43 | 1148.39 | 1689.60 | 2066.43 | 1689.60 | 1216.52 |
| XXI | Earnings per equity share | ||||||
| (1) Basic | 7.77 | 7.56 | 6.96 | 15.33 | 13.33 | 28.87 | |
| (2)Diluted | 7.77 | 7.56 | 6.96 | 15.33 | 13.33 | 28.87 | |
| 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 18,2024 | ||||||
| 2. The Statutory Auditors of the Company have carried out the Limited Review of the ab | ove financial results of the Company and have expressed an unmodified opnion on these Results | ||||||
| 3. The Company is only having one segment of business i.e. Information Technology Ser | vices. | ||||||
| 4. There are no investor complaints received/pending as on September 30, 2024 | |||||||
| 5. Previous year's/ period figures have been regrouped/ reclassified/ restated, wherever n | ecessary to confirm to classification of current year/period. |
For Ksolves India Limited
RATAN KUMAR Digitally signed by RATAN KUMAR SRIVASTAVA SRIVASTAVA Date: 2024.10.18 17:24:27 +05'30'
Ratan Kumar Srivastava Chairman Cum Managing Director DIN : 05329338
Place : Delhi Date : October 18, 2024
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]
Standalone Statement of Assets & Liabilities as on September 30, 2023
| (Amount i | n Lakhs) | |
|---|---|---|
| Particulars | As at 30th September 2024 |
As at 31st March 2024 |
| Unaudited | Audited | |
| I. ASSETS (1) Non-Current Assets (a) Property, Plant and Equipment (b) Intangible Assets (c) Right to Use of Assets (d) Financial Assets (i) Investments (ii) Other Financial Assets (e) Deferred tax Assets (Net) (f) 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) Other Bank balance (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 |
238.96 183.16 60.36 91.20 76.46 |
233.21 - 60.36 49.02 52.65 - |
| 650.13 | 395.24 | |
| 1,683.50 1,471.85 71.26 20.63 1,800.77 |
1,599.36 706.53 60.64 4.79 1,207.89 |
|
| 5,048.02 | 3,579.21 | |
| 5,698.15 | 3,974.45 | |
| 1,185.60 2,066.43 |
1,185.60 1,216.52 |
|
| 3,252.03 | 2,402.12 | |
| - 90.54 264.68 |
- - 205.25 |
|
| 355.22 | 205.25 | |
| - 49.68 162.32 1,834.51 44.39 |
- 25.13 16.84 1,183.65 141.48 |
|
| 2,090.90 | 1,367.10 | |
| 5,698.15 | 3,974.45 |
Ratan Kumar Srivastava Chairman Cum Managing Director DIN : 05329338
Digitally signed by RATAN KUMAR RATAN KUMAR SRIVASTAVA SRIVASTAVA Date: 2024.10.18 17:24:54 +05'30'
Place : Delhi Date : October 18, 2024
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] Standalone Statement of Cash Flows for Half Year Ended on September 30, 2024
| (Amount in Lakhs) | (Amount in Lakhs) | |
|---|---|---|
| For Half Year Ended on | ||
| 30.09.2024 | 30.09.2023 | |
| Cash flows from operating activities Profit before taxation Adjustments for: Depreciation & Amortisation Adjustments for Non Cash Items Payment of Lease Rent 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 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 |
2,442.97 93.05 51.18 (35.17) (20.32) (84.13) (619.29) 24.55 (51.07) |
2,121.51 30.46 20.38 - (14.55) (294.72) 287.98 (24.94) (50.23) - |
| 1,801.76 - |
2,075.89 826.24 |
|
| 1,801.76 (66.11) (42.18) 20.32 (87.97) - - (948.48) |
1,249.65 (134.74) (2.13) 14.55 (122.31) - - (948.48) |
|
| (948.48) 765.31 706.53 1,471.85 |
(948.48) 178.87 822.19 1,001.07 |
For Ksolves India Limited
RATAN Digitally signed by RATAN KUMAR KUMAR SRIVASTAVA Date: 2024.10.18 SRIVASTAVA 17:25:16 +05'30'
Ratan Kumar Srivastava Chairman Cum Managing Director DIN : 05329338
Place : Delhi Date : October 18, 2024
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A Y & COMPANY 505, Fifth Floor, ARG Corporate Park Gopal Bari, Ajmer Road, Jaipur (Raj.) TEL NO. - +91-8003056441 Email: [email protected]
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
-
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, 2024 (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').
-
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.
-
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.
-
The Statement includes the results of the following entities:
-
Kartik Solutions Private Limited (A Company incorporated under Companies Act, 2013).
-
Ksolves LLC (Incorporated in United States of America)
-
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. 34.17 Lakhs as at September 30, 2024, and total revenue of Rs. 25.83 & 46.02 Lakhs , total net profit of Rs. (2.87 Lakhs) and (3.85) Lakhs total comprehensive income of Rs. (2.87 Lakhs) and (3.85)
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A Y & COMPANY
505, Fifth Floor, ARG Corporate Park Gopal Bari, Ajmer Road, Jaipur (Raj.) TEL NO. - +91-8003056441 Email: [email protected]
Lakhs for the quarter & half year ended on September 30, 2024 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.
- 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
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Arpit Gupta Partner M. No. 421544 UDIN: 24421544BKFPPH2270 Place: Delhi Date: 18.10.2024
| 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, 2024 Pursuant to regulation 33 of SEBI (LODR) Regulation, 2015 (Amount in Lakhs) (Formerly Known as Ksolves India Private Limited) Website - www.ksolves.com; Email : [email protected] |
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, 2024 Pursuant to regulation 33 of SEBI (LODR) Regulation, 2015 (Amount in Lakhs) (Formerly Known as Ksolves India Private Limited) Website - www.ksolves.com; Email : [email protected] |
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, 2024 Pursuant to regulation 33 of SEBI (LODR) Regulation, 2015 (Amount in Lakhs) (Formerly Known as Ksolves India Private Limited) Website - www.ksolves.com; Email : [email protected] |
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, 2024 Pursuant to regulation 33 of SEBI (LODR) Regulation, 2015 (Amount in Lakhs) (Formerly Known as Ksolves India Private Limited) Website - www.ksolves.com; Email : [email protected] |
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, 2024 Pursuant to regulation 33 of SEBI (LODR) Regulation, 2015 (Amount in Lakhs) (Formerly Known as Ksolves India Private Limited) Website - www.ksolves.com; Email : [email protected] |
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, 2024 Pursuant to regulation 33 of SEBI (LODR) Regulation, 2015 (Amount in Lakhs) (Formerly Known as Ksolves India Private Limited) Website - www.ksolves.com; Email : [email protected] |
|---|---|---|---|---|---|---|---|
| Particulars | Quarter ended on 30/09/2024 |
Quarter ended on 30/06/2024 |
Quarter ended on 30/09/2023 |
Year to date figures for year ended on 30/09/2024 |
Year to date figures for the year ended 30/09/2023 |
Year to date figures for the previous year ended 31/03/2024 |
|
| Unaudited | Unaudited | Unaudited | Unaudited | Unaudited | Audited | ||
| INCOME FROM OPERATIONS | |||||||
| I | Revenue from Operations | 3482.05 | 3157.03 | 2598.35 | 6639.08 | 4977.17 | 10,863.73 |
| II | Other Income | 10.67 | 9.71 | 9.81 | 20.38 | 16.74 | 33.85 |
| III | Total Revenue (I+II) | 3492.72 | 3166.74 | 2608.16 | 6659.46 | 4993.91 | 10897.58 |
| 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 | 1484.50 | 1375.94 | 1124.78 | 2860.44 | 2154.54 | 4590.94 | |
| Finance Cost | 9.33 | 0.00 | - | 9.33 | 0.00 | - | |
| Depreciation &Amortization Expense | 64.57 | 29.98 | 18.02 | 94.55 | 31.88 | 86.59 | |
| Other Expenses | 675.68 | 579.52 | 350.79 | 1255.20 | 680.19 | 1633.35 | |
| Total expenses (IV) | 2234.08 | 1985.44 | 1493.59 | 4219.52 | 2866.61 | 6310.88 | |
| V | Profit before Exceptional & Extraordinary Items and tax (III-IV) | 1258.64 | 1181.30 | 1114.57 | 2439.94 | 2127.30 | 4586.70 |
| VI | Exceptional Items |
- | - | - | - | - | - |
| VII | Profit before Extraordinary Items and tax (V-VI) | 1258.64 | 1181.30 | 1114.57 | 2439.94 | 2127.30 | 4586.70 |
| VIII | Extraordinary Items | - | - | - | - | 0.00 | - |
| IX | Profit before tax (VII-VIII) | 1258.64 | 1181.30 | 1114.57 | 2439.94 | 2127.30 | 4586.70 |
| X | Tax Expenses | ||||||
| 1 Current Tax | 338.95 | 303.99 | 280.12 | 642.94 | 539.61 | 1,170.95 | |
| 2 Deferred Tax | 0.68 | (17.91) | 11.37 | (17.23) | 5.65 | (0.20) | |
| 3 Income Taxes of Earlier Years | 0.55 | ||||||
| Total Tax Expenses (X) | 339.63 | 286.08 | 291.48 | 625.71 | 545.26 | 1170.74 | |
| XI | Profit/(Loss) for the period from continuing operations (IX-X) | 919.01 | 895.22 | 823.09 | 1814.22 | 1582.04 | 3415.96 |
| 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) | 919.01 | 895.22 | 823.09 | 1814.22 | 1582.04 | 3415.96 |
| XVI | Other Comprehensive Income | ||||||
| Items that will not be reclassified to profit or loss | |||||||
| -Remeasurement Gains/(Losses) on Defined Benefit Plans | -4.95 | -21.18 | -6.59 | -26.13 | -8.95 | -36.16 | |
| -Income Tax on above | 1.24 | 5.33 | 1.66 | 6.58 | 2.25 | 9.10 | |
| XVII | Total Other Comprehensive Income | -3.70 | -15.85 | -4.93 | -19.55 | -6.70 | -27.06 |
| XVIII | Total Comprehensive Income for the year | 915.30 | 879.37 | 818.16 | 1794.67 | 1575.34 | 3388.90 |
| XIX | Paid up Equity Share Capital | 1185.60 | 1185.60 | 1185.60 | 1185.60 | 1185.60 | 1185.60 |
| XX | Reserves & Surplus | 2043.77 | 1809.94 | 638.80 | 2093.43 | 638.80 | 1197.62 |
| XXI | Earnings per equity share | ||||||
| (1) Basic | 7.75 | 7.55 | 6.94 | 15.30 | 13.34 | 28.81 | |
| (2)Diluted | 7.75 | 7.55 | 6.94 | 15.30 | 13.34 | 28.81 | |
| 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 18,2024 | ||||||
| 2. The Statutory Auditors of the Company have carried out the Limited Review of the ab | ove financial results of the Company and have expressed an unmodified opnion on these Results | ||||||
| 3. The Company is only having one segment of business i.e. Information Technology Ser | vices. | ||||||
| 4. There are no investor complaints received/pending as on September 30, 2024 | |||||||
| 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: 2024.10.18 17:25:48 +05'30'
Ratan Kumar Srivastava Chairman Cum Managing Director DIN : 05329338
Place : Delhi Date : October 18, 2024
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 September 30, 2024
| (Amount in Lakhs) | ||
|---|---|---|
| Particulars | As at 30th September 2024 |
As at 31st March 2024 |
| Unaudited | Audited | |
| I. ASSETS (1) Non-Current Assets (a) Property, Plant and Equipment (b) Intangible Assets (c) Right of Use of Assets (d) Financial Assets (i) Investments (ii) Other Financial Assets (e) Deferred tax Assets (Net) (f) 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) Other Bank balance (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 |
240.31 5.99 183.16 - 91.20 77.86 - |
236.04 5.99 - - 49.02 54.05 - |
| 598.51 | 345.10 | |
| 1,696.93 1,487.57 71.26 23.15 1,800.82 |
1,605.35 731.28 60.64 4.79 1,208.49 |
|
| 5,079.73 | 3,610.56 | |
| 5,678.24 | 3,955.66 | |
| 1,185.60 2,043.77 |
1,185.60 1,197.62 |
|
| 3,229.37 | 2,383.22 | |
| - 90.54 264.68 |
- - 205.25 |
|
| 355.22 | 205.25 | |
| - 52.20 162.32 1,834.51 44.62 |
- 25.13 16.94 1,183.65 141.48 |
|
| 2,093.64 | 1,367.20 | |
| 5,678.24 | 3,955.66 |
Ratan Kumar Srivastava Chairman Cum Managing Director DIN : 05329338
RATAN Digitally signed by RATAN KUMAR KUMAR SRIVASTAVA SRIVASTAVA Date: 2024.10.18 17:26:14 +05'30'
Place : Delhi Date : October 18, 2024
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 Cash Flows for Half Year Ended on September 30, 2024
| (Amount in Lakhs) | (Amount in Lakhs) | |
|---|---|---|
| For Half Year Ended on | ||
| 30.09.2024 | 30.09.2023 | |
| Cash flows from operating activities Profit before taxation Adjustments for: Depreciation Adjustments for Non Cash Items Payment of Lease Rent 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 |
2,439.94 94.55 51.18 (35.17) (20.38) (91.57) (621.25) 27.07 (50.95) - |
2,127.30 31.88 20.38 - (14.56) (317.24) 293.05 (24.64) (50.34) - |
| 1,793.41 0.73 |
2,065.83 836.66 |
|
| 1,792.68 (66.11) (42.18) 20.38 - |
1,229.17 (134.76) (2.13) 14.56 - |
|
| (87.90) - - - - (948.48) |
(122.33) - - - - (948.48) |
|
| (948.48) 756.29 731.28 1,487.57 |
(948.48) 158.36 857.31 1,015.68 |
For Ksolves India Limited
RATAN Digitally signed by RATAN KUMAR KUMAR SRIVASTAVA Date: 2024.10.18 SRIVASTAVA 17:26:38 +05'30'
Ratan Kumar Srivastava Chairman Cum Managing Director DIN : 05329338
Place : Delhi Date : October 18, 2024
==> picture [188 x 62] intentionally omitted <==
Annexure-A
Terms of Grant under under Ksolves Employee Stock Option Scheme I 2024.
| Sl. No. |
Particulars | Details |
|---|---|---|
| **1. ** | Name of the Scheme | Ksolves Employee Stock Option Scheme I 2024(“Scheme I”) |
| **2. ** | Brief details of options granted | Grant of 17500 options to eligible employees. Effective grant date being October 18,2024 |
| **3. ** | Whether the Scheme is in terms of SEBI (SBEB & SE) Regulations, 2021 (if applicable) |
Yes |
| **4. ** | Total number of shares covered by these options |
17500 Equity Shares of face value Rs. 10/- each (Each Option is convertible into one Equity Share of the Company). |
| **5. ** | Pricing Formula | The Exercise Price per Option shall be Rs. 10 i.e., the underlying Face Value of the Shares of the Company. |
| **6. ** | Options Vested | Not Applicable, as this outcome is pertaining to grant of Options under the Scheme I. |
| **7. ** | Time within which option may be exercised | All Options upon vesting shall be exercisable within 90 (Ninety) days from the date of respective vesting. |
| **8. ** | Options exercised | Not Applicable, as this outcome is pertaining to grant of Options under the Scheme I. |
| **9. ** | Money realized by exercise of Options | Not Applicable, as this outcome is pertaining to grant of Options under the Scheme I. |
| **10. ** | The total number of Shares arising as a result of exercise of Option |
17500 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 I. |
| **12. ** | Variation in terms of Options | Not Applicable |
| **13. ** | Brief details of significant terms | The Scheme I is administered by the Nomination and Remuneration Committee. The grant of Options is based upon the eligibility criteria as mentioned in the Scheme I. |
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
==> picture [188 x 62] intentionally omitted <==
| 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 equal number of Equity Shares, upon payment of exercise price and applicable taxes in accordance with terms and conditions of the Scheme I. All Vested Options shall be exercised, either in full or in part, from the date of vesting and within 90 days (Ninety days) 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 I. |
| **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 I. |
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
==> picture [188 x 62] intentionally omitted <==
Annexure-B
Terms of Grant under under Ksolves Employee Stock Option Scheme II 2024.
| Sl. No. |
Particulars | Details |
|---|---|---|
| **1. ** | Name of the Scheme | Ksolves Employee Stock Option Scheme II 2024(“Scheme II”) |
| **2. ** | Brief details of options granted | Grant of 42500 options to eligible employees. Effective grant date being October 18,2024 |
| **3. ** | Whether the Scheme is in terms of SEBI (SBEB & SE) Regulations, 2021 (if applicable) |
Yes |
| **4. ** | Total number of shares covered by these options |
42500 Equity Shares of face value Rs. 10/- 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 1 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. |
| **10. ** | The total number of Shares arising as a result of exercise of Option |
42500 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. |
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
==> picture [188 x 62] intentionally omitted <==
| 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 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 1 year (One 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