As per Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, we are enclosing herewith the copy of Audited Financial Results along with the Audit Report ....
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The Board of Directors of Octaware Technologies Ltd met on 30 May 2025 and approved the audited standalone and consolidated financial results for the half year and full year ended 31 March 2025, along with the auditor's report. The statutory auditor M/s D G M S & Co. issued an unmodified (clean) opinion on both sets of results, and the company separately filed a Regulation 33(3)(d) declaration confirming this. The consolidated results include subsidiaries Octaware Gulf FZE, Octaware Information Technologies Pvt Ltd, Octaware Gulf QFC and Octaware Co. Saudi, with the auditor noting reliance on management-certified financials for three of these subsidiaries. On a consolidated basis, total assets grew from roughly Rs 1,354 lakhs to Rs 1,937 lakhs year-on-year, while on a standalone basis long-term borrowings were fully repaid (down to nil from Rs 71.47 lakhs). The company operates in a single business segment in IT services and is listed on the BSE SME platform.
A clean audit opinion and full repayment of long-term debt are positive for shareholders, suggesting financial discipline. However, the company is small (total assets around Rs 19 crore on a consolidated basis) and trades on the BSE SME platform, which typically means lower liquidity for retail investors.