Outcome of Board Meeting held on Thursday, 21st May, 2026
VLEGOV · price
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VL E-Governance & IT Solutions Limited reported audited financial results for FY2025-26. The company posted revenue of Rs 1,715.43 Lakhs, down significantly from Rs 3,068.86 Lakhs in the previous year - a decline of approximately 44%. The company reported a net loss of Rs 113.07 Lakhs for the year, compared to a loss of Rs 2,51,703.25 Lakhs in FY25 (the previous year loss was inflated by an exceptional item of Rs 2,51,841.28 Lakhs related to write-offs). Total income stood at Rs 1,766.01 Lakhs versus Rs 3,238.79 Lakhs. The statutory auditors issued an audit report with unmodified opinion. Balance sheet shows negative other equity of Rs 6,388.52 Lakhs and total equity of Rs 4,456.61 Lakhs.
The company is experiencing significant financial stress with revenue declining sharply by 44% and continued losses. The negative equity position raises going concern questions despite the unmodified audit opinion. Shareholders should monitor the company's turnaround efforts closely.