VL E-Governance & IT Solutions Limited, a player in the e-governance and IT solutions sector, has released its financial results for the second quarter and first half of fiscal year 2025-26, showing a mixed performance. The company also announced a key appointment to its leadership team.

Financial Performance

For the half-year ended September 30, 2025, VL E-Governance & IT Solutions reported:

The company saw a modest increase in revenue but experienced a significant decline in profitability compared to the same period last year.

Quarterly Performance

The second quarter results showed a more pronounced decline:

The company faced challenges in Q2, with both revenue and profitability decreasing significantly year-over-year.

New Appointment

In a move to strengthen its corporate governance, VL E-Governance & IT Solutions' Board of Directors has appointed Mr. Parth Solanki as the new Company Secretary and Compliance Officer, effective October 31, 2025. Mr. Solanki, a qualified Company Secretary, brings over two years of experience in corporate secretarial and compliance functions to the role.

Audit Review

The financial results were reviewed by the Audit Committee and approved by the Board of Directors. The company's statutory auditors have conducted a limited review of the financial results and issued an unmodified opinion.

Looking Ahead

While the company faces short-term challenges, as evidenced by the decline in quarterly performance, the modest growth in half-yearly revenue suggests potential for recovery. The appointment of a new Company Secretary may also contribute to improved corporate governance practices going forward.

VL E-Governance & IT Solutions Limited has announced its financial results for the first quarter ended June 30, 2025, showcasing significant revenue growth and a slight increase in profitability. The company has also appointed a new Secretarial Auditor, further strengthening its corporate governance practices.

Financial Highlights

The company reported a substantial increase in its revenue from operations for Q1 FY2025-26:

VL E-Governance & IT Solutions Limited witnessed a remarkable 227.75% year-on-year growth in revenue from operations, which stood at ₹823.70 lakhs for the quarter ended June 30, 2025, compared to ₹251.32 lakhs in the same period last year. The company's total income reached ₹861.42 lakhs, marking a 238.89% increase from ₹254.19 lakhs in the previous year's quarter.

The company's profitability also saw an improvement, with profit after tax increasing by 13.25% to ₹69.42 lakhs, up from ₹61.30 lakhs in the corresponding quarter last year. However, the earnings per share remained stable at ₹0.06 for both basic and diluted calculations.

Appointment of New Secretarial Auditor

In a move to enhance its corporate governance framework, the Board of Directors of VL E-Governance & IT Solutions Limited has approved the appointment of Ms. Kalpana Srinivasan as the company's Secretarial Auditor. The appointment is subject to shareholder approval at the upcoming Annual General Meeting.

Key details of the appointment include:

• Term: Five consecutive years, from the financial year 2025-26 to 2029-30
• Qualifications: Ms. Srinivasan is a Practicing Company Secretary (Membership No.: ACS 6105, COP No.: 19503)
• Experience: Over five years of independent practice and more than three decades of professional experience in legal and secretarial services

Management Commentary

Sanjay Nandwana, Managing Director of VL E-Governance & IT Solutions Limited, stated, "We are pleased with our strong performance in the first quarter of FY2025-26. The significant growth in our revenue demonstrates the increasing demand for our E-Governance and IT/ITES solutions in the B2B segment. We remain committed to delivering value to our stakeholders and look forward to maintaining this growth momentum in the coming quarters."

The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on August 02, 2025. The company's statutory auditors, M/s. B K G & Associates, Chartered Accountants, have issued an unmodified Limited Review Report on the financial results for the quarter ended June 30, 2025.

VL E-Governance & IT Solutions Limited continues to operate within a single business segment, "E-Governance & IT/ITES Business (B2B)," as per Indian Accounting Standard (IndAS) 108 "Operating Segment."

Investors and stakeholders can access the detailed financial results on the company's website ( https://www.vlegovernance.in ) as well as on the websites of the National Stock Exchange of India ( www.nseindia.com ) and BSE Limited ( www.bseindia.com ).