The Exchange had sought clarification from GVP Infotech 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 not signed by authorized signatory/ies -2. Financial results submitted in XBRL with discrepancies -3. The company has not submitted the Statement of Impact of Audit Qualifications in case of modified opinion(s) The response of the Company is enclosed.
GVPTECH · price
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GVP Infotech replied to NSE's three clarifications regarding its financial results for the quarter ended 31-Mar-2025. First, the company explained that the results were not signed by the Managing Director because key directors were not physically available, so Mr. Dhaval Mistry, a non-executive director, signed with prior board authorization. Second, the mismatch in Profit After Tax figures between XBRL and PDF versions was due to an automated software error that converted negative figures to positive; a corrected XBRL has since been filed. Third, the delay in submitting the Statement of Impact of Audit Qualifications was caused by the unavailability of the CFO, and the company has now filed it. The company attached the relevant board resolution and assured the exchange there was no malicious intent.
These are compliance and reporting lapses that have been corrected, but they may raise minor governance and internal control concerns among investors. No financial penalty or enforcement action has been imposed so far.