The Exchange had sought clarification from Equippp Social Impact Technologies Limited for the quarter ended 31-Mar-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: -1. Financial results submitted is not as per format prescribed by SEBI -2. Segment details not submitted The response of the Company is enclosed.
EQUIPPP · price
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Awaiting price reaction for this filing.
Equippp Social Impact Technologies has responded to NSE's queries about its Q4 and FY25 results filed on June 3, 2025. The exchange had flagged that the financial results were not in the SEBI-prescribed format (balancing figures note missing on a consolidated basis) and that segment details were not submitted. The company clarified these were unintentional omissions, has now added the missing balancing figures note, and confirmed segment details were already included in the earlier filing. Resubmitted legible copies have been provided. On the actual numbers, standalone performance remains weak: FY25 revenue fell to ₹130.03 Lakhs from ₹186.61 Lakhs in FY24, with a net loss widening to ₹(43.01) Lakhs versus ₹(14.94) Lakhs. However, on a consolidated basis (which includes the recently acquired profitable subsidiary Technogen India), revenue surged to ₹714.39 Lakhs from ₹187.43 Lakhs and the company swung to a net profit of ₹58.03 Lakhs from a prior-year loss. The auditor issued an unmodified opinion but flagged an Emphasis of Matter regarding overdue trade receivables of ₹91.05 Lakhs pending recovery.
Positive on the surface for shareholders because the consolidated picture has improved sharply thanks to subsidiary contributions, but the standalone core IT business is still loss-making and shrinking. The overdue receivables flagged by the auditor are a yellow flag for cash recovery.