GVP Infotech Approves FY26 Results, Recommends Final Dividend of Rs 0.20 per Share

GVP Infotech Approves FY26 Results, Recommends Final Dividend of Rs 0.20 per Share​

GVP Infotech Limited, formerly known as Fourth Dimension Solutions Ltd, announced the approval of its Standalone Audited financial results, Statement of Assets and Liabilities, and Cash Flow Statement for the quarter and financial year ending March 31, 2026. During the Board meeting held on May 25, 2026, the company also recommended a final dividend of Rs 0.20 per equity share.

The audited financial results for the fiscal year ending March 31, 2026, were reviewed and approved by the Board of Directors. The company operates in the IT goods and services and payment Aggregation Business sectors.

Financial Performance Summary (Year Ended March 31, 2026)​

According to the audited figures for the year ended March 31, 2026, the company reported a total income of 771.23 Rs. Lakhs, down from 576.07 Rs. Lakhs in the previous year.

The total expenses were recorded at 9,903.40 Rs. Lakhs, resulting in a Net Profit/ (Loss) for the period before tax of 9,132.17 Rs. Lakhs. The Net Profit/ (Loss) for the period, considering tax adjustments, stood at (9,126.34) Rs. Lakhs.

A summary of the key financial statements for the year ended March 31, 2026, compared to the previous year, is presented below:

Dividend Recommendation and Corporate Actions​

The Board of Directors recommended a final dividend of Rs 0.20 per equity share. This dividend is calculated as 10% of the face value of Rs. 2/- per equity share for the financial year ended March 31, 2026.

Audit and Key Audit Matters​

The company's standalone financial statements received an unmodified opinion from the statutory auditors.

The auditors highlighted key audit matters, noting that the company's trade receivables and other assets include certain long-outstanding balances aggregating 400,000,000 as of the balance sheet date. The audit noted that the assessment of recoverability of these balances requires significant judgment, including evaluation of counterparty creditworthiness and the determination of the Expected Credit Loss (ECL).

During the year, the auditors noted two significant matters:

1. Minosha India Settlement: The company entered into a settlement agreement with M/s Minosha India Limited regarding arbitration proceedings for a claim of 2110,02,25,224/-. As part of this, the company recognized ¥20,00,00,000/- as recoverable, and the remaining balance of 290,02,25,224/- was written off and charged to the Statement of Profit and Loss.
2. RUDSICO Receivable: The company holds an outstanding receivable of ¥ 40 crores from RUDSICO under the 'Smart Rajasthan' contract. Management stated that, based on the current legal status, the realization of this receivable is reasonably expected, and thus no provision for doubtful debts was created.

Furthermore, the auditors noted the rejection of the company's application filed before the Hon'ble National Company Law Tribunal (NCLT), Hyderabad Bench, against Linkwell Telesystems Private Limited for outstanding dues amounting to Rs. 7.90 Crores. The company has appealed this order before the Hon'ble National Company Law Appellate Tribunal (NCLAT), which is currently pending adjudication.

GVPTECH Stock Price Movement​

On Monday, GVP Infotech Limited shares edged higher to close at ₹6.44, gaining 2.72% for the day. The stock showed solid momentum, hitting a daily high of ₹6.65 while trading on a volume of 33,579 shares.