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 ).

VL E-Governance & IT Solutions Limited (VLEGOV) has announced its unaudited financial results for the first quarter, showcasing significant growth in revenue and profitability. The company, which operates in the E-Governance & IT/ITES Business segment, has also appointed a new Secretarial Auditor for a five-year term.

Financial Highlights

VLEGOV reported a substantial increase in its revenue from operations for Q1:

The company's revenue from operations surged to ₹823.70 lakhs, marking a remarkable 227.7% increase from ₹251.32 lakhs in the same quarter of the previous year. Total income, including other income, rose to ₹861.42 lakhs, up by 238.9% year-over-year.

VLEGOV's profitability also showed improvement, with net profit increasing by 13.2% to ₹69.42 lakhs compared to ₹61.30 lakhs in the previous year's Q1. The company maintained its profit margins despite a significant increase in expenses, particularly in purchase of stock in trade and other operating expenditure, which grew from ₹143.36 lakhs to ₹723.70 lakhs.

Operational Performance

The company's focus on the E-Governance & IT/ITES Business segment continues to drive its growth. As per Indian Accounting Standard (IndAS) 108 "Operating Segment", VLEGOV's business falls within a single business segment, indicating a concentrated approach to its core competencies.

Appointment of New Secretarial Auditor

In a significant corporate governance move, VLEGOV's Board of Directors has approved the appointment of Ms. Kalpana Srinivasan as the company's Secretarial Auditor. The appointment is for a term of five consecutive years, spanning from FY2025-26 to FY2029-30, subject to shareholder approval at the upcoming Annual General Meeting.

Ms. Srinivasan brings over three decades of experience in the legal and secretarial domain, including more than five years of independent practice. Her expertise is expected to strengthen VLEGOV's corporate governance and compliance framework.

Management Commentary

Sanjay Nandwana, Managing Director of VL E-Governance & IT Solutions Limited, stated, "Our first quarter results demonstrate the strong momentum in our business. The significant growth in revenue reflects the increasing demand for our E-Governance and IT solutions. We are also pleased to welcome Ms. Kalpana Srinivasan as our new Secretarial Auditor, whose extensive experience will be valuable in maintaining our high standards of corporate governance."

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.

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 ).

As VLEGOV continues to expand its operations in the E-Governance and IT/ITES sector, the company's strong Q1 performance sets a positive tone for the fiscal year ahead.