VL E-Governance & IT Solutions Ltd. News and Updates

IT Consulting and Software company VL E-Governance & IT Solutions announced Q2FY25 results: Financial Highlights: Revenue increases by 219.18% on QoQ basis to Rs 811.32 lakh, PAT increases by 32.45% on QoQ basis to Rs 81.19 lakh. Revenue and Profitability had started improving on QoQ basis. Going forward, growth in revenue and profitability shall continue as we scale up our business through undertaking new e-governance projects & B2B distribution of product & services. Other Highlights: The Company is also exploring and evaluating the Business of design, develop, manufacture or promote high-tech projects/products in thefield of electronics, software, hardware and aeronautical system required for Aviation, Aerospace, Defense and Satellite projects. The company is evaluating such business interests either through acquisition or JV opportunity. The Company is also exploring and evaluating the B2B distribution of various products and shall also leverage the last mile executioncapabilities of Vakrangee Ltd through execution of these last mile projects leveraging the Master franchisee and kendra network. Update on fund raising through preferential allotment - Preferential Allotment of Convertible Warrants to Non - Promoter Category: To Issue and Allot upto 8,40,00,000 Convertible Warrants (“Warrants”) to Non –Promoter Category. Company is in process for the in-principal approval from BSE & NSE. Result PDF

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VL E-Governance & IT Solutions Ltd. News and Updates

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