GVP Infotech Board Approves Q2 FY26 Standalone Results; Details ₹90.02 Cr Write-off and Pending Recoveries
GVP Infotech board approved Q2 FY26 standalone results, including a ₹90.02 crore write-off from a settlement and ongoing legal efforts to recover ₹47.9 crore in other receivables.
The write-off of ₹90.02 crore is a substantial amount that directly affects the company's profitability and balance sheet. Additionally, the unresolved significant receivables of ₹47.9 crore, despite management's confidence, introduce financial uncertainty and potential future impacts based on legal outcomes.
The company reported a significant write-off of ₹90.02 crore from a settlement, which negatively impacts its financial position. While management expresses confidence in recovering other outstanding receivables of ₹47.9 crore, these recoveries are subject to ongoing legal proceedings and are not yet realized.
* The Board of Directors of GVP Infotech Limited, in a meeting held on Friday, November 07, 2025, approved the Standalone Unaudited financial results for the quarter and half year ended September 30, 2025. The meeting commenced at 4:00 P.M. and concluded at 6:25 P.M. * The company entered into a settlement agreement with M/s Minosha India Limited for arbitration proceedings related to a claim of ₹110.02 crore. Pursuant to this settlement, ₹20 crore has been recognized as recoverable and adjusted against Trade Receivables, while the balance amount of ₹90.02 crore has been written off and charged to the Statement of Profit and Loss. * GVP Infotech has an outstanding receivable of ₹40 crore from RUDSICO under the “Smart Rajasthan” contract. Legal recourse has been initiated by serving an Arbitration Notice on March 06, 2023, with the matter pending before the Hon’ble High Court of Jaipur for arbitrator appointment. Management believes this amount is fully recoverable, and no provision for doubtful debts has been created. * An application under Section 9 of the Insolvency and Bankruptcy Code, 2016, has been filed against Linkwell Tele Systems Pvt. Ltd. for the recovery of ₹7.90 crore. This matter is pending before the Hon’ble National Company Law Appellate Tribunal (NCLAT), Chennai Bench. Management is confident of a favorable outcome, and no provision for doubtful debts has been deemed necessary.
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