GVP Infotech Limited has informed the Exchange about General Updates: Regarding submission of revised Audiotr's Report for Financial Year 2025-26
GVPTECH · price
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GVP Infotech Limited has filed a revised Auditor's Report for FY 2025-26, replacing the original report filed on May 25, 2026, at the statutory auditor's request. The auditor issued an unqualified opinion but flagged ₹24 crore in long-outstanding trade receivables and advances as a Key Audit Matter due to recoverability judgement. Emphasis of Matter sections reveal significant concerns: the company wrote off ₹90.02 crore from a Minosha India settlement (only ₹20 crore of ₹71.10 crore claim recovered), has ₹40 crore outstanding from RUDSICO under 'Smart Rajasthan' contract pending arbitration, and has a ₹7.90 crore recovery case against Linkwell Telesystems pending at NCLAT. The company also allotted 2.12 crore equity shares via rights issue at ₹10 per share (50% received), declared 7.50% dividend, and has ₹8.27 crore in unsecured loans outstanding.
The revision of the auditor's report at the auditor's request and the large write-offs (₹90 crore) signal potential financial stress. Investors should monitor the outcome of the RUDSICO arbitration and NCLAT appeal for material impact on financials. The partly paid rights issue indicates ongoing capital raising activity.