GVP Infotech Limited submitted a revised audit report for the financial year ended March 31, 2026, to the National Stock Exchange of India Ltd on May 26, 2026. The company replaced the previously filed auditor's report upon the request of the statutory auditor, Purushottam Khandelwal & Co. The filing follows the board's approval of the standalone audited financial results on May 25, 2026.

Financial Performance

The company reported a net loss of ₹9,126.34 crore for FY26, compared to a loss of ₹264.33 crore in the previous year. Total income for the year stood at ₹771.23 crore, a decrease from ₹576.07 crore in FY25. For the quarter ended March 31, 2026, the company recorded a net loss of ₹202.25 crore on a total income of ₹113.30 crore. The board recommended a final dividend of ₹0.20 per equity share, or 10% of the face value of ₹2 each.

Audit and Key Matters

The statutory auditors issued an opinion that the standalone financial statements give a true and fair view, except for the possible effects of the matter described in the "Basis for Opinion" section. The auditors identified a key audit matter regarding long-outstanding trade receivables and other assets aggregating ₹400,000,000 as at the balance sheet date, citing significant judgment in assessing recoverability.

The auditors also drew attention to an outstanding receivable of ₹40 crores from RUDSICO under the "Smart Rajasthan" contract, where no provision for doubtful debts has been created as the matter is pending legal recourse before the Hon'ble High Court of Jaipur. Additionally, the company entered into a settlement agreement with M/s Minosha India Limited, writing off ₹90,02,25,224 and recognising ₹20,00,00,000 as recoverable against trade receivables. The company also has an unpaid dividend amount of ₹59,873 lying in the Unpaid Dividend Account.

GVP Infotech Limited has officially received the Certificate of Authorisation from the Reserve Bank of India (RBI) to operate as a payment aggregator. This formal certification represents a significant regulatory milestone for the IT software company as it expands into the financial technology sector.

Official RBI Certification

The RBI has granted GVP Infotech the official Certificate of Authorisation, which formally enables the company to function as a payment aggregator in India's regulated financial ecosystem. This certification allows GVP Infotech to facilitate digital payment processing services for merchants and businesses across various sectors.

Business Expansion Opportunities

With this official certification, GVP Infotech can now legally offer comprehensive payment gateway services to clients across different industry verticals. Payment aggregators serve as crucial intermediaries between merchants and payment processors, enabling businesses to accept various payment methods including credit cards, debit cards, and digital wallets.

The Certificate of Authorisation positions GVP Infotech to capitalize on India's rapidly growing digital payments ecosystem while leveraging its existing technology infrastructure and IT expertise. This regulatory approval represents a strategic diversification from the company's traditional IT software solutions into the lucrative fintech market.

Strategic Significance

The official RBI certification marks a pivotal moment for GVP Infotech's business transformation. The authorization not only expands the company's service portfolio but also establishes its credibility in the highly regulated financial services sector. This development enables the company to compete effectively in India's digital payments landscape while maintaining compliance with central banking regulations.