BSEBoard Meeting3d ago · 11 Nov 2026, 05:46 pm
The Board of Directors of the company has considered and approved the Un-audited Financial Results (Standalone and Consolidated) along with Limited Review Report of the Company for the second quarter and the half year ended on September 30, 2026.
Orchasp Ltd · 532271
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Orchasp Ltd has announced its un-audited financial results for the second quarter and half year ended September 30, 2026, with the Board of Directors approving the results along with a limited review report. The results are subject to certain qualifications due to the absence of sufficient information on the new subsidiary's financial position, unpaid tax and statutory dues, and unconfirmed trade payables and receivables.
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Earnings Impact6/10
Growth Catalyst4/10
Governance Concern2/10
Regulatory Risk5/10
Balance Sheet Risk7/10
Liquidity Impact5/10
Market Sentiment5/10
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Orchasp Ltd - 532271 - Board Meeting Outcome for Outcome Of Board Meeting Held On Wednesday, November 11, 2026 As Required Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015
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Orchasp Limited
CIN : L72200TG1994PLC0O17485
ORCHASP
November 11, 2026
The General Manager, The Manager,
Department of Corporate Services, Listing Department,
National Stock Exchange of India Limited,
BSE Limited,
Phiroze Jeejeebhoy Towers, Exchange Plaza, 5 Floor, Plot No — c/1,
G Block, Bandra Kurla Complex,
Dalal Street,
Mumbai-400 001.
Bandra (East), Mumbai -400 051.
Scrip Code - 532271
Scrip Code — ORCHASP
Dear Sir/Madam,
Sub: Outcome of Board Meeting held on Wednesday, November 11, 2026 as required under
Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015
The Board of Directors of the company in its meeting held today i.e., on Wednesday, November
11, 2026 has considered and approved the Un-audited Financial Results (Standalone and
Consolidated) along with Limited Review Report of the Company for the second quarter and the
half year ended on September 30, 2026.
The meeting commenced at 11:30 A.M and concluded at 04.00 P.M.
This is for your information and dissimenation.
Thanking You,
Best Regards,
For Orchasp Limited
/) CL‘\&J\/L\/\ fl((’ [chan .
P. Chandra Sekhar
Managing Director & CFO
DIN: 01647212
19 & 20, Moti Valley, Trimulgherry, Secunderabad. 500015, Telangana, INDIA. Tel : +91 40 4776 6123/4, Fax +91 40 4776 6143
Email : info@orchasp.com, url : www.orchasp.com
INDIA opp. Andheri Rly. Station, Andheri (East) Mumb-a 4i00 069.
JMT & ASSOCIATES Tel. : 91 - 22 - 2684 8347 / 26822238
CHARTERED ACCOUNTANTS Telefax : 2682 2238
Email : contact@jmta.co.in
304/305, A-Wing, Winsway Complex, Old Police Lane,
Website : www.jmta.co.in
Independent Auditor's Review Report on the Quarterly Unaudited Standalone
Financial Results of the Company Pursuant to the Regulation 33 of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended
Review report to
The Board of Directors
M/s. ORCHASP LIMITED
We have reviewed the accompanying Statement of Unaudited Standalone Financial
Results of M/s Orchasp Limited (the "Company") for the quarter ended September
30, 2026 and for the period from 01 April 2026 to 30 September 2026 (the "Statement")
attached herewith, being submitted by the Company pursuant to the requirements
of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, as amended (the "Listing Regulations").
This Statement, which is the responsibility of the Company's Management and
approved by the Company's Board of Directors, has been prepared in accordance
with the recognition and measurement principles laid down in Indian Accounting
Standard 34, 'Interim Financial Reporting, (‘Ind AS 34,') prescribed under Section 133
of the Companies Act, 2013, as amended, read with relevant rules issued thereunder
and other accounting principles generally accepted in India. Our responsibility is to
issue a report on the Statement based on our review.
We conducted our review of the Statement in accordance with the Standard on
Review Engagements (SRE) 2410, "Review of Interim Financial Information
Performed by the Independent Auditor of the Entity" issued by the Institute of
Chartered Accountants of India. This standard requires that we plan and perform
the review to obtain moderate assurance as to whether the Statement is free of
material misstatement. A review of interim financial information consists of making
inquiries, primarily of persons responsible for financial and accounting matters, and
applying analytical and other review procedures. A review is substantially less in
scope than an audit conducted in accordance with Standards on Auditing and
consequently does not enable us to obtain assurance that we would become aware of
JMT & ASSOCIATES Tel. : 91 - 22 - 2684 8347 / 26822238
CHARTERED ACCOUNTANTS Telefax : 2682 2238
304/305, A-Wing, Winsway Complex, Old Police Lane, e “comiacihiimja ool
INDIA
Opp. Andheri Rly. Station, Andheri (East) Mumbai - 400 069. Wabsfle:: witwimisicol
all significant matters that might be identified in an audit. Accordingly, we do not
express an audit opinion.
4. Basis for Qualified Conclusion
(a) We refer to the carrying value of investments of Rs. 6,825 lakhs held in the
Wholly Owned Subsidiary located in Portugal “Cybermate International,
Unipessoal, LDA”, which has remained non-operational for over six years
and has received a notice from the Portuguese authorities for cancellation
of its Certificate of Incorporation due to non-compliance with statutory
filing requirements and therefore, the incorporation of the said subsidiary
was cancelled.
The Company has incorporated a new subsidiary, “Orchasp Inc” in the
USA and transferred the investments and related operations/assets of
“Cybermate International, Unipessoal, LDA” to the said new subsidiary.
In the absence of sufficient information and clarity on the new
subsidiary’s financial position, we are unable to comment on the
appropriateness of the carrying value of the investment or determine
whether a provision for impairment is required.
(b) The company has not paid Tax Deducted at Source (TDS) and other statutory
dues up to September 30, 2026.
(c) Trade payables, Trade Receivables are due for a period of more than 6
months. In the absence of confirmations of Trade payables, Trade Receivables
and various advances/loans, we are unable to comment on the extent to
which such balances are payable/recoverable
5. Qualified Conclusion
Based on our review conducted as above, except for the possible effects, in respect of
matters described in Paragraph 4(a) to 4(c) under Paragraph 4 Basis for Qualified
Conclusion nothing has come to our attention that causes us to believe that the
JMT & ASSOCIATES Tel.: 91 - 22 - 2684 83/ 2468227238
‘( CHARTERED ACCOUNTANTS Telefax : 2682 2238
304/305, A-Wing, Winsway Complex, Old Police Lane, Emalls pailaciCmialcn by
INDIA Website : www.jmta.co.in
Opp. Andheri Rly. Station, Andheri (East) Mumbai - 400 069.
accompanying Statement, prepared in accordance with the recognition and
measurement principles laid down in the aforesaid IND AS 34 prescribed under
Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued
thereunder and other accounting principles generally accepted in India, has not
disclosed the information required to be disclosed in terms of the Listing
Regulations, including the manner in which it is to be disclosed, or that it contains
any material misstatement.
For JMT & Associates,
Chartered Accountants
Vijaya Pratap. M \;’\4}?& c\ ’gj
Partner NI At
Membership No. 213766
UDIN: 69 13%66/£LVIUMTITS
Place: Mumbai
Date: 11-11-2026
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