General information about company
Scrip code*		526775
NSE Symbol*		NOTLISTED
MSEI Symbol*		NOTLISTED
ISIN*		INE760B01019
Name of company		Valiant Communications Limited
Type of company		Main Board
Class of security		Equity
Date of start of financial year		01-04-2025
Date of end of financial year		31-03-2026
Date of board meeting when results were approved		30-10-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange		24-10-2025
Description of presentation currency		INR
Level of rounding		Lakhs
Reporting Type		Quarterly
Reporting Quarter		Second quarter
Nature of report standalone or consolidated		Standalone
Whether results are audited or unaudited for the quarter ended		Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended		Unaudited
Segment Reporting		Geographical
Description of single segment
Start date and time of board meeting		30-10-2025 11:00
End date and time of board meeting		30-10-2025 12:20
Whether cash flow statement is applicable on company		Yes
Type of cash flow statement		Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification		Not applicable
Whether the company has any related party?		Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?		Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public		NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of bank’s staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.		NA
(III) Whether the company is a ‘high value debt listed entity’ according to regulation 15 (1A)?		No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?		Yes
Latest Date on which RPT policy is updated		01-04-2022
Indicate Company website link for updated RPT policy of the Company		https://www.valiantcom.com/corporate/cp/codes-policies.html
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?		No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?	No	No such event is occurred

Financial Results – Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-07-2025	01-04-2025
Date of end of reporting period		30-09-2025	30-09-2025
Whether results are audited or unaudited		Unaudited	Unaudited
Nature of report standalone or consolidated		Standalone	Standalone
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	2006.27	3818.39
	Other income	36.99	62.97
	Total income	2043.26	3881.36
2	Expenses
(a)	Cost of materials consumed	596.88	1132.69
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	59.01	135.7
(d)	Employee benefit expense	222.22	448.61
(e)	Finance costs	4.77	9.2
(f)	Depreciation, depletion and amortisation expense	70.45	137.16
(g)	Other Expenses
1	Other expenses	423.3	754.71
	Total other expenses	423.3	754.71
	Total expenses	1376.63	2618.07
3	Total profit before exceptional items and tax	666.63	1263.29
4	Exceptional items	0	0
5	Total profit before tax	666.63	1263.29
6	Tax expense
7	Current tax	167.4	320.02
8	Deferred tax	0.63	-1.51
9	Total tax expenses	168.03	318.51
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	498.6	944.78
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	498.6	944.78
17	Other comprehensive income net of taxes	-0.99	-1.88
18	Total Comprehensive Income for the period	497.61	942.9
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	762.81	762.81
	Face value of equity share capital	10	10
22	Reserves excluding revaluation reserve
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	6.54	12.39
	Diluted earnings (loss) per share from continuing operations	6.54	12.39
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
iii	Earnings per equity share (for continuing and discontinued operations)
	Basic earnings (loss) per share from continuing and discontinued operations	6.54	12.39
	Diluted earnings (loss) per share from continuing and discontinued operations	6.54	12.39
24	Debt equity ratio			Textual Information( 1)
25	Debt service coverage ratio			Textual Information( 2)
26	Interest service coverage ratio			Textual Information( 3)
27	Disclosure of notes on financial results	Textual Information(4)

Text Block

Textual Information(4)

1. The standalone unaudited financial results for the quarter ended Sept. 30, 2025 ('the Statement') were reviewed by the Audit Committee and approved by the Board of Directors of Valiant Communications Ltd. ('the Company') at its meeting held on October 30, 2025. These financial results have been subject to limited review by the statutory auditors of the Company.

2. Financial results for all the periods presented, have been prepared in accordance with the recognition and measurement principles of Ind AS notified under the Companies (Indian Accounting Standards) Rules, 2015 as amended from time to time.

3. Figures for the previous period have been regrouped / re-classified to conform to the figures of the current period, if required.

4. Pursuant to the approval by the shareholders, the Company has allotted 38,14,030 fully paid-up Bonus Equity Shares of the face value of Rs. 10/- (Rs. Ten only) each in the ratio of 1:2 i.e., 1 (One) new fully paid up bonus equity share of Rs. 10/- each for every 2 (Two) existing Equity Shares of Rs. 10/- each fully paid-up of the Company, held by the shareholders of the Company as on the record date i.e., Friday, October 10, 2025. Accordingly, the same shall be reflected in the ongoing 3rd quarter of the financial year 2025-26, to be ended on 31-12-2025.

5. The Limited Review as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, has been completed by Statutory Auditors. The Limited Review for the quarter ended Sept. 30, 2025, does not have any impact on the above results.

6 The results for the quarter and six months ended Sept. 30, 2025 are available on webportal of the BSE Limited, www.bseindia.com and on the Company's website, www.valiantcom.com

For Valiant Communications Limited
Inder Mohan Sood
Managing Director
Director Identification Number: 00001758
New Delhi, October 30, 2025

Statement of Asset and Liabilities
Particulars		Half Year ended (dd-mm-yyyy)
Date of start of reporting period		01-04-2025
Date of end of reporting period		30-09-2025
Whether results are audited or unaudited		Unaudited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	790.81
	Capital work-in-progress
	Investment property
	Goodwill	0
	Other intangible assets	359.62
	Intangible assets under development
	Biological assets other than bearer plants
	Investments accounted for using equity method
	Non-current financial assets
	Non-current investments	206.21
	Trade receivables, non-current
	Loans, non-current	0
	Other non-current financial assets	10.99
	Total non-current financial assets	217.2
	Deferred tax assets (net)	19.82
	Other non-current assets	47.9
	Total non-current assets	1435.35
2	Current assets
	Inventories	1685.41
	Current financial asset
	Current investments	0
	Trade receivables, current	2536.32
	Cash and cash equivalents	508.52
	Bank balance other than cash and cash equivalents	1886.34
	Loans, current	0
	Other current financial assets	33.82
	Total current financial assets	4965
	Current tax assets (net)	0
	Other current assets	26.52
	Total current assets	6676.93
3	Non-current assets classified as held for sale
4	Regulatory deferral account debit balances and related deferred tax Assets
	Total assets	8112.28
	Total current assets	6676.93
3	Non-current assets classified as held for sale
4	Regulatory deferral account debit balances and related deferred tax Assets
	Total assets	8112.28
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	762.81
	Other equity	6024.59
	Total equity attributable to owners of parent	6787.4
	Non controlling interest
	Total equity	6787.4
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	103.86
	Trade Payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
	Total Trade payable
	Other non-current financial liabilities	40.72
	Total non-current financial liabilities	144.58
	Provisions, non-current	0
	Deferred tax liabilities (net)
	Deferred government grants, Non-current
	Other non-current liabilities
	Total non-current liabilities	144.58
	Current liabilities
	Current financial liabilities
	Borrowings, current	59.53
	Trade Payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	2.21
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	161.05
	Total Trade payable	163.26
	Other current financial liabilities	319.47
	Total current financial liabilities	542.26
	Other current liabilities	468.9
	Provisions, current	13.32
	Current tax liabilities (Net)	155.82
	Deferred government grants, Current	0
	Total current liabilities	1180.3
3	Liabilities directly associated with assets in disposal group classified as held for sale
4	Regulatory deferral account credit balances and related deferred tax liability
	Total liabilities	1324.88
	Total equity and liabilities	8112.28
	Disclosure of notes on assets and liabilities	Textual Information(1)

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-07-2025	01-04-2025
Date of end of reporting period		30-09-2025	30-09-2025
Whether results are audited or unaudited		Unaudited	Unaudited
Nature of report standalone or consolidated		Standalone	Standalone
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	India	1669.58	3093.1
2	USA	83.54	185.35
3	Europe	84.28	290.5
4	Rest of the world	168.87	249.44
	Total Segment Revenue	2006.27	3818.39
	Less: Inter segment revenue	0	0
	Revenue from operations	2006.27	3818.39
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	India	1123.76	2066.13
2	USA	56.23	123.63
3	Europe	56.73	193.25
4	Rest of the world	113.66	166.99
	Total Profit before tax	1350.38	2550
	i. Finance cost	4.77	9.2
	ii. Other Unallocable Expenditure net off Unallocable income	678.98	1277.51
	Profit before tax	666.63	1263.29
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	India	8112.28	8112.28
2	USA	0	0
3	Europe	0	0
4	Rest of the world	0	0
	Total Segment Asset	8112.28	8112.28
	Un-allocable Assets	0	0
	Net Segment Asset	8112.28	8112.28
4	Segment Liabilities
	Segment Liabilities
1	India	1324.88	1324.88
2	USA	0	0
3	Europe	0	0
4	Rest of the world	0	0
	Total Segment Liabilities	1324.88	1324.88
	Un-allocable Liabilities	0	0
	Net Segment Liabilities	1324.88	1324.88
	Disclosure of notes on segments	Textual Information(1)

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Textual Information(1)

Notes:
1. The Company manufactures "Communication Equipment" primarily for power utilities / other utilities and engaged in its allied services, which is the only business segment of the Company.
2. The Company is an ISO 9001:2015 and 14001:2015 certified telecom transmission equipment manufacturer, duly registered as an Export Oriented Unit under EHTP (Electronic Hardware Technology Park) Scheme.
3. The Company manufactures " Telecom Transmission Solutions" with installations in over 110 countries.
4. The comparative figures for the previous year have been rearranged wherever required to conform to the revised presentation of accounts.

5. The Company is an Export Oriented Unit with its manufacturing unit being located at New Delhi only. The Fixed assets used in Company's business can not be specifically identified with any Geographical Segment. The Management believes that it is currently not practicable to provide segment disclosures relating to total assets and liabilities since a segregation of this data is not possible.

For Valiant Communications Limited
Inder Mohan Sood
Managing Director
Director Identification Number: 00001758
New Delhi, October 30, 2025

Other Comprehensive Income
Date of start of reporting period		01-07-2025	01-04-2025
Date of end of reporting period		30-09-2025	30-09-2025
Whether results are audited or unaudited		Unaudited	Unaudited
Nature of report standalone or consolidated		Standalone	Standalone
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Remeasurement of the employee defined benefit plans	-1.30	-2.50
	Total Amount of items that will not be reclassified to profit and loss	-1.30	-2.50
2	Income tax relating to items that will not be reclassified to profit or loss	-0.31	-0.62
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss
5	Total Other comprehensive income	-0.99	-1.88

Cash flow statement, indirect
Particulars		Half Year ended (dd-mm-yyyy)
Date of start of reporting period		01-04-2025
Date of end of reporting period		30-09-2025
Whether results are audited or unaudited		Unaudited
Nature of report standalone or consolidated		Standalone
Part I	Blue color marked fields are non-mandatory.
1	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax	1263.29
2	Adjustments for reconcile profit (loss)
	Adjustments for finance costs	9.2
	Adjustments for decrease (increase) in inventories	124.04
	Adjustments for decrease (increase) in trade receivables, current	-580.92
	Adjustments for decrease (increase) in trade receivables, non-current	0
	Adjustments for decrease (increase) in other current assets	128.65
	Adjustments for decrease (increase) in other non-current assets	0
	Adjustments for other financial assets, non-current	0
	Adjustments for other financial assets, current	-4.22
	Adjustments for other bank balances	0
	Adjustments for increase (decrease) in trade payables, current	-242.85
	Adjustments for increase (decrease) in trade payables, non-current	0
	Adjustments for increase (decrease) in other current liabilities	441.61
	Adjustments for increase (decrease) in other non-current liabilities	0
	Adjustments for depreciation and amortisation expense	137.16
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss	0
	Adjustments for provisions, current	0
	Adjustments for provisions, non-current	0
	Adjustments for other financial liabilities, current	116.85
	Adjustments for other financial liabilities, non-current	0
	Adjustments for unrealised foreign exchange losses gains	-18.2
	Adjustments for dividend income	0
	Adjustments for interest income	44.77
	Adjustments for share-based payments	0
	Adjustments for fair value losses (gains)	0
	Adjustments for undistributed profits of associates	0
	Other adjustments for which cash effects are investing or financing cash flow	0.02
	Other adjustments to reconcile profit (loss)	0
	Other adjustments for non-cash items	-2.5
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships	0
	Total adjustments for reconcile profit (loss)	64.07
	Net cash flows from (used in) operations	1327.36
	Dividends received	0
	Interest paid	0
	Interest received	0
	Income taxes paid (refund)	319.4
	Other inflows (outflows) of cash	0
	Net cash flows from (used in) operating activities	1007.96
3	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses	0
	Cash flows used in obtaining control of subsidiaries or other businesses	0
	Other cash receipts from sales of equity or debt instruments of other entities	0
	Other cash payments to acquire equity or debt instruments of other entities	0
	Other cash receipts from sales of interests in joint ventures	0
	Other cash payments to acquire interests in joint ventures	0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships	0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships	0
	Proceeds from sales of property, plant and equipment	0.8
	Purchase of property, plant and equipment	196.87
	Proceeds from sales of investment property	0
	Purchase of investment property	0
	Proceeds from sales of intangible assets	0
	Purchase of intangible assets	84.24
	Proceeds from sales of intangible assets under development	0
	Purchase of intangible assets under development	0
	Proceeds from sales of goodwill	0
	Purchase of goodwill	0
	Proceeds from biological assets other than bearer plants	0
	Purchase of biological assets other than bearer plants	0
	Proceeds from government grants	0
	Proceeds from sales of other long-term assets	0
	Purchase of other long-term assets	0
	Cash advances and loans made to other parties	10
	Cash receipts from repayment of advances and loans made to other parties	0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts	0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts	0
	Dividends received	0
	Interest received	44.77
	Income taxes paid (refund)	0
	Other inflows (outflows) of cash	-399.07
	Net cash flows from (used in) investing activities	-644.61
4	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries	0
	Payments from changes in ownership interests in subsidiaries	0
	Proceeds from issuing shares	0
	Proceeds from issuing other equity instruments	0
	Payments to acquire or redeem entity's shares	0
	Payments of other equity instruments	0
	Proceeds from exercise of stock options	0
	Proceeds from issuing debentures notes bonds etc	0
	Proceeds from borrowings	0
	Repayments of borrowings	-3.28
	Payments of lease liabilities	7.2
	Dividends paid	0
	Interest paid	6.92
	Income taxes paid (refund)	0
	Other inflows (outflows) of cash	0
	Net cash flows from (used in) financing activities	-10.84
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes	352.51
5	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents	18.2
	Net increase (decrease) in cash and cash equivalents	370.71
	Cash and cash equivalents cash flow statement at beginning of period	137.81
	Cash and cash equivalents cash flow statement at end of period	508.52

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)

Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.

Sr. No.

Details of the party (listed entity /subsidiary) entering into the transaction

Details of the counterparty

Type of related party transaction

Details of other related party transaction

Value of the related party transaction as approved by the audit committee

Remarks on approval by audit committee

Value of the related party transaction ratified by the audit committee

Date of Audit Committee Meeting where the ratification was approved

Value of transaction during the reporting period

In case monies are due to either party as a result of the transaction

In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments

Details of the loans, inter-corporate deposits, advances or investments

Name

PAN

Name

PAN

Relationship of the counterparty with the listed entity or its subsidiary

Opening balance

Closing balance

Nature of indebtedness (loan/ issuance of debt/ any other etc.)

Details of other indebtedness

Cost

Tenure

Nature (loan/ advance/ intercorporate deposit/ investment)

Interest Rate (%)

Tenure

Secured/ unsecured

Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)

Notes

Valiant Communications Limited

Mr. Inder Mohan Sood

Key management personnel of entity or parent

Remuneration

36.48

Approved

36.48

3.55

4.31

The negative balance here represents as amount receivable . Whereas, the positive balance represents the amount payable. The remuneration of directors and key executives is determined by the remuneration committee having regard to the performance of individuals and market trends. It is exclusive of compensated expenses, gratuity and premium paid for group health insurance, as separate actuarial valuation / premium paid are not available.

Valiant Communications Limited

Mr. Davinder Mohan Sood

Key management personnel of entity or parent

Remuneration

33.84

Approved

33.84

3.18

3.97

Valiant Communications Limited

Mr. Gaurav Mohan Sood

Key management personnel of entity or parent

Remuneration

22.74

Approved

22.74

2.3

2.94

The negative balance here represents as amount receivacble . Whereas, the positive balance represents the amount payable. The remuneration of directors and key executives is determined by the remuneration committee having regard to the performance of individuals and market trends. It is exclusive of compensated expenses, gratuity and premium paid for group health insurance, as separate actuarial valuation / premium paid are not available.

Valiant Communications Limited

Mr. Garv Mohan Sood

Promoter

Remuneration

4.8

Approved

4.8

2.15

Valiant Communications Limited

Ms. Sanjna Aggarwal

Independent Director

Remuneration

0.75

Approved

0.75

The remuneration consists sitting fees only.

Valiant Communications Limited

Mr. Anil Tandon

Independent Director

Remuneration

0.75

Approved

0.75

The remuneration consists sitting fees only.

Valiant Communications Limited

Mr. Subhash Kumar mehta

Independent Director

Remuneration

0.75

Approved

0.75

The remuneration consists sitting fees only.

Valiant Communications Limited

Valiant Communications (UK) Limited

Wholly Owned Subsidiary

Sale of goods or services

24.93

Approved

24.93

3.4

-29.19

The negative balance here represents as amount receivable . Whereas, the positive balance represents the amount payable. All intragroup balances and transactions reported here shall be eliminated in consolidated financial statements in accordance with the Companies (Indian Accounting Standards) Rules, 2015 notified by the Ministry of Corporate Affairs.

Valiant Communications Limited

Valcomm Technologies Inc.

Wholly Owned Subsidiary

Sale of goods or services

53.91

Approved

53.91

-0.74

Total value of transaction during the reporting period

178.95

General information about company

Financial Results – Ind-AS

Text Block

Statement of Asset and Liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results

Text Block

Other Comprehensive Income

Cash flow statement, indirect

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)