Response Informatics Limited has issued a revised disclosure under SEBI regulations on December 11, correcting earlier information about a significant pledge transaction. The company clarified that Bhagwan Bhumkar Suresh is the actual promoter who pledged shares to Rohit Bajaj HUF, following a BSE communication dated December 5.

Revised Pledge Transaction Details

The updated disclosure provides the accurate information about the pledge transaction:

Key Revisions in Disclosure

The company incorporated specific revisions in the updated disclosure dated December 11:

Post-Event Holdings Position

Bhagwan Bhumkar Suresh's updated shareholding position shows:

Regulatory Compliance Status

The company confirmed that disclosure under Regulation 31(2) of SEBI SAST regulations is not required as neither of the specified criteria was met, as per SEBI Circular dated August 7, 2019. The revised disclosure ensures compliance with regulatory requirements and maintains transparency in corporate governance for the IT software company with BSE scrip code 538273.

Response Informatics Limited has disclosed a printing error in its Q2 consolidated financial results for the quarter ended September 30. The company reported that an amount of Rs. 27.75 lakh, pertaining to exchange differences on translating the financial statements of a foreign operation, was inadvertently omitted from the September 30 quarter column.

Correction Details

The company has clarified that this error was unintentional and does not impact the consolidated profit for the period. Response Informatics has provided corrected standalone and consolidated unaudited financial results for the second quarter and half year ended September 30 to address this oversight.

Financial Highlights

Despite the printing error, the company's financial performance for the quarter and half-year ended September 30 shows some interesting trends:

Key Observations

1. Revenue Growth: The company reported a revenue from operations of Rs. 682.40 lakhs for Q2, contributing to a half-yearly revenue of Rs. 1,298.23 lakhs.

2. Profitability: Despite the robust revenue, the profit after tax for Q2 stood at Rs. 24.75 lakhs, while the half-yearly profit was Rs. 11.26 lakhs.

3. Exchange Differences: The corrected results now include the previously omitted Rs. 27.75 lakhs related to exchange differences on translating the financial statements of a foreign operation.

4. Subsidiary Performance: The results include the performance of the company's wholly-owned subsidiary, Technologia Corporation Inc, USA, and another subsidiary, DataLabs AI Private Limited.

Response Informatics Limited has emphasized that the correction of this printing error ensures accurate representation of their financial position. The company continues to operate in the "Staffing Services" segment, as per the requirements of Ind AS 108 "Operating Segments".

Investors and stakeholders are advised to refer to the corrected financial statements for a comprehensive understanding of the company's performance for the quarter and half-year ended September 30.