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aurionpro $
12th February 2020
Depth. of Corporate Services- ListingNationalStock Exchange of India LimitedExchange Plaza, Plot no. C/I, G Block.Bandra-Kuala Complex, Bandra(E)Mumbai - 40005].
To
SUB: UNAUDITED (STANDALONE & CONSOLIDATED) rXNANCiALRESULTS.EQB:THE THIRD QUARTER/NINE MONTHS ENDED 31sv
LIMITED REVIEW REPORT.
Respected Sic
Pursuant to Regulation 33 of the DEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015, kindly find enclosed herewith Un-Audited (Standalone & Consolidated)Financial Results for the third quarter/nine months ended 31st December, 2019. along withLimited Review Report thereon received from M/s. Chokshi& Chokshi., LLP. Statutory Auditorsof the Company.
For Aurionpro Solutions Limite!
Ninad Kdlka rCompany Secretary
Aurionpro Solutions Limited Synergia IT Park. Plot No. R-270.TTC IndustrialEstate. Gautam NagarNear Rabble Police Station. Rabale.Ndvihlumt)al- 400 701. LIH - INDIA
phone +91 22 4040 7070fax +g1 22 4040 7080
N L99999Nin1997pl
aurionpro e
Aurionpro Solutions Limited
Statement of Unaudited Standalone FinanciaIResults for the Quarter and Nine months ended December 31, 2019
Aurionpro Solutions Limited Synergia IT Park, Plot No. R-270T.T.C. Industrial Estate. Gautam Nagar.Near Rabale Police Station. Rabale 'Nava Mumbai- 400 701. MH - INDIA
phonefax
+91 22 4040 7070+91 22 4040 7080
www.aurtonpro.comCIN L99999MH1997pLCl11637
(Rs.in lakhs)
=. Pa rticula rs
Quarter ended Nine months ended Year ended
31-Dec-19 30-Sep-19 31-Dec-18 31-Dec-19 31-Dec.18 31 -Ma r- 19
Unaudited Unaudited Unaudited Unaudited Unaudited Auditedl Income
ja) Revenue from Operationsjb) Other Incorde
7.413.79177.30
6.401 80354.76
5,827.77
(56.01)21.420.41
713.04
21.743.372.342.61
33.188.572.454,58
[c) Totallncome [ (a) + (b) ] 7,591.09 6.756.56 5.771.76 22.133.45 24.085.98 35.643.152 Expenses
ja) Software.Hardware and Other materialcostjb> Change in ihventories of raw materials, finishedgoods and stock-in-tradelc) Employee Benefits Expensed) Finance Casts
(e) Depreciation and amortization ExpenseIf) Other Expenses
9.580.23
a7675
6.153.401.202 431.056.692.300.82
lO.199.65
(431.68)
5.556.5669690712.30
2.980.23 [g) TotaIExpenses [ (a) to (f) ] 7.260.83 6.447.48 5.134.68 21.270.32 19.713.96 30.746.82
3 Profit/ (Loss) before Exceptionalltems and Tax[l (c) - 2 (g)]
330.26 309.08 637.08 863.13 4.372.02 4.896.33
4 Exceptionalltems 5 Profit/(Loss) before Tax[ 3+4 ]
Tax Expenses330.26 309.08 637.08 B63.13 4.372.02 4.896.33
6 ja) Current Tax
jb) Deferred Tax Charge/ (Credit)
99.9594 .12 9 16
11249 366.71
(203.96)394.52
36.261.110.71
1206.S8)
1.596.37
(392.82)7 Profit/ (Loss) after Tax [ 5 - 6 ] 136.19 187.43 474.33 432.35 3.557.89 3.692.78
C)ther Comprehensive Income (Net of Tax) 6.59 (77.73) (35.56) (51.46) l40.s2) (56.47)9 TotalComprehensive Income for the period
[ 7'F8 ]142.78 109.70 438.77 380.89 3,508.37 3.636.31
10 Paid-up Equity Share Capital(Face Value of Rs10 each)
2.280.02 2.287.26 2.363.63 2.280.02 2,363.63 2.363.63
11 C)ther Equity (Excluding Revaluation Reserve) 21.996.59
12 Earnings per equity share Basic (Rs.I 0.58 0 80 2.01 1.85 15.06 15.63
Diluted (Rs.I 058 0.80 2.01 1.85 15.06 15.63
Elarnings per equity share for the quarter and nine months ended are not annualisedSee accompanying notes to the financialresults
aurionpro eNotes to the Standalone FinanciaIResults
l Effective 01/04/2019, the Company has adopted Ind AS 116 'Leases', using modified retrospectiveapproach, and applied to alllease contracts existing on 01/04/2019. As permitted by the standard, theCQmparatives for the earlier period/ year have not been restated. On transition, the adoption of the newstandard resulted in recognition of Right-of-Use IROUjasset worth Rs.1,320.62 Lakhs and a lease liabilityof Rs.1,477.72 Lakhs. The effect of this adoption is insignificant on the profit for the quarter and ninemonths ended 31/12/2019 and earnings per share
2. Otherlncome include foreign exchange gain/(lossjof Rs. 16.99jLakhs and Rs. 103.68 Lakhs forthe quarterand nine months ended 31/12/2019 respectively (Quarter and nine months ended 31/12/2018: Rs1208.01) Lakhs and Rs. 172.09 Lakhs respectivelyl.
3. Other income for the nine months ended 31/12/2018 and for the year ended 31/03/2019 include gain ofRsl 1,667.74 Lakhs on sale of 15,72,327 preference shares in Cyberlnc USA, one of the subsidiaries of the(, Olm p a nv
4. Software, Hardware and Other materialcost include purchase of materialand license of Rs. 3,025.47 Lakhsand Rs. 7,336.03 Lakhs for the quarter and nine months ended 31/12/2019 respectively. laud rter and ninemonths ended 31/12/2018: Rs. 2,726.52 Lakhs and Rs. 6,357.03 Lakhs respectivelyl.
5 The Board of Directors in its Meeting held on 25/03/2019 ("Board Meeting"), approved the buyback ofthe Company's fully paid-up equity shares of face value of Rs. lO/-(Rupees Ten only) each("Equity Shares"lfrom its shareholders jexcluding promoters and promoters groupjvia "open market" route through thestock exchanges, for a totalamount not exceeding Rs.2,000 Lakhs, and at a price not exceeding Rs.185IRupees One Hundred Eighty-Five only) per Equity Share, payable in cash. The buyback of shares wasconcluded on 04/10/2019 and the Company has bought back 8,36,136 Equity Shares at an aggregatea mount of Rs. 1,0.15.11 Lakhs
6. As required under Ind AS 115 "Revenue from Contracts with Customers", unbilled revenue is accountedon estimate basis in respect of contracts where the contractual right to consideration is based oncompletion of contractualmilestones as confirmed by the technicalteam
7. Tax expenses forthe quarterand nine months ended 31/12/2019 reflect changes made videTaxation LawsIAmendmentjOrdinance, 2019 as applicable to the Company
8. The figures for the earlier periods have been regrouped / reclassified wherever necessary to make themcomparable with those of the current period
The Statutory Auditors of the Company have conducted a limited review of the standalone financialresultsfor the quarter and nine months ended 31/12/2019 pursuant to the requirements of Regulation 33 of theSEBljLODR) Regulations, 2015, as amended. These financialresults have been reviewed by the AuditCommittee and thereafter approved by the Board of Directors at their respective meetings held on12/02/2020
'r\
For Aurionpro Solutions Limited
v,.#q' c '
Parish ZaveriChairman and Managing Director
Place: Navi MumbaiDate: 12/[02/2020
Aurionpro Solutions Limited Synergia IT Park, Plot No. R-270,T.T.C. Industrial Estate, Gautam Nagar.Near Rabale Police Station, Rabale,Navi Mumbai - 400 701. MH - INDIA
phone +91 22 4040 7070fax +91 22 4040 7080
in to @au rionpro .comwww.aunonpro.comCIN L99999MH1997PLCl11637
aurionpro 8
Aurionpro Solutions Limited
Statement of Unaudited Consolidated FinanciaIResults for the Quarter and Nine Months ended December 31, 2019
IRs.in lakhs)Year ended31-Mar-19Audited
SrNo.
Pa rticula rsQuarter ended
31-Dec-19 30-Sep-19Unaudited Unaudited
Nine Months ended
31-Dec-19 31-Dec-18Unaudited Unaudited
31-Dec-18U naudite d
l
(a) Revenue frorrl Operations(b) Otherlncome(c) Total[ncome ](a) + (b) ]Expenses(a) Software.Hardware and Other materialcost(b) Change in inventories of raw materials. finished goods andstock-in-trade(c) Employee Berlefits Expense(d) Finance Costs(e) Depreciation and amortisation Expense(f) Other Expenses
TotaIExpenses [ (a) to (f)Profit/ (Loss) before Share of Profit of Associates,Exceptionalltems and Tax [l (c) - 2 (gjjShare of Profit of Associates
Profit/ (Loss) before Exceptionalltems and Tax [ 3+4 ]ExceptionalltemqProfit/(Loss) before Tax[ 5+6 ]Tax Expenses(a) Current Tax
jb) Deferred Tax Charge/ ICredit)Profit/ floss) after Tax [ 7 - 8Other Comprehensive Income(Net of Tax)TotalComorehensive Income for the oeriod 19+101Profit/ (Loss) for the period attributable to(a) Equity holders of the company(b) Non Controlling Interest
Paid-up Equity Share Capital(Face Value of Rs 10 each)IOther Equity (Excluding Revaluation Reserve)Earnings per eauitv share:
Income11.113.96
193.25
11,307.21
12,348.84246.31
12,595.15
11.473.49(167 99)
11,305.50
35.195.09568.53
35,763.62
36.886.32497.64
37,383.96
52,215.08726.81
52,941.89
3.601.47
538.84
4,470.72 3,502.59 11.583.15
762.35
12,097.81 19,531.21
(1.345.70)(337.22) (354 28) (334.69)
4.212.72377.25970.60
4.235.55482.72949.24
1.389.63
4,047.65263.19740.49
1.409.659,609.29
12.376.671.357.892.871.513.785.82
32,737.39
12,274.22816.14
2.281.704,665.93
31,801.11
16.387.891,191.433,098.846,560.87
4S,424141.077.01
l0.777.89529.32
9.34
538.66
1,404.51 1,696.21 3,026.23 5,582.85 7,517.35
12.35
1,416.86
30.78
1,726.99
40.78
3,067.01
30.78
5,613.63
47.25
7,564.605
6
7
8
538.66 1,416.86 1,726.99 3,067.01 5,613.63 7,564.60
(190.79)126.99602.4634.52
636.98
170.45
6.251,240.16(110 47)1,129.68
383.13
(203 25)1,547.11
(73.22)
195.65
1.072,870.29
(18.34)2,851.95
1.131.45
(254.78)4,736.96
(25.04)4.711.92
1,629.11
(136.44)6,071.93
(16.09)6,0s$:!4
9
10
1112
574.17
28.31
2,280.02
1.048.60191.56
2,287.26
1.415.46131.65
2,363.63
2,551.46318.83
2,280.02
4.592.28144.68
2,363.63
5,695.47376.46
2,363.6313
1415
47,399.09
Basic (Rs.Diluted (Rs.)
3.973.97
5.995.99
l0.91l0.91
19.4419.44
24.1024.10
Earnings Der eauitv share for the quarter and nine months ended areSee accomDanvina notes to the financialresults
not annualised
Aurionpro Solutions Limited Synergia IT Park. Plot No. R-270.T.T.C. Industrial Estate. Gautam NagarNear Rabale Police Station. Rabale.Navif.,'mumbai- 400 701. bIH - INDIA
phonefax
+91 22 4040 7070+91 22 4040 7080
[email protected] L99999bIH1997PLCl1163
!+.aurionpro e
Consolidated Notes
l Aurionpro Solutions Pte Ltd. (Aurionpro Pte), a wholly owned subsidiary of the Company, hasentered into an agreement dated 20/07/2018 for acquisition of majority stake (51c%) in SC SoftPte. Ltd. (SC Soft) a Singapore headquartered, Automated Fare Collection (AFC) and smart citysolution provider. Aurionpro Pte has made subscription of investment of 51% in SC Soft as on31/12/2019. The totalinvestment for 51% was US$ 5mn.
2 Effective 01/04/2019, the Company has adopted Ind AS 116 'Leases', using modifiedretrospective approach, and applied to alllease contracts existing on 01/04/2019. As permittedby the standard. the comparatives for the previous periods / year have not been restated. Ontransition, the adoption of the new standard resulted in recognition of Right-of-Use (ROU) assetworth Rs.1,863.84 Lakhs and a lease liability of Rs.2.056.61Lakhs. The effect of this adoption isinsignificant on the profit for the quarter and nine months ended 31/12/2019 and earnings per share
Segment Information(INR.in Lakhs)
Pa rticula rs
11 ment RevgDyga I Infjormation technologies
I an4] consul!!1lcy qe;£vicesb I Sale of equipment and
!:icP0$g
2
L--a
Total (a+ b
] Segment ResultsInformation technologies
.L aOq qonsujfqnqy servicesI Salk of equipment and
License
I Total (a+b)Less Un.allocable expenses
Employee benefitsexpense
4,212.72 1 4,235.55
377.25 1 482.72; -----+
970.60 949.24
1,077.01 1 1,389.63193.25 246.31
t'
4,047.65 1 12,376.67 12,274.22 1 16,387.89
I Finance costsDepreciation anda mort isg .Elp.D-eBpgp !gg.
263.19
740.49
1,357.89 816.14 1 1, 191.43
2,281.70 i 3,098.84
4,665.93 1 6,560.87497.64 1 726.81
30.78 1 47.25
2,871.51
3,785. 821,409.65
U n-allocable incomeAdd I Share of Profit of
Associates
1.Add (167.99)
30.78
568.53
12.35 40.78
Total profit before tax 538.66 1 1, 416 .86 1,726.99 3,067.01 5,613.63 7,564.60
Assets and liabilities used in the Company's business are not identified to any of the reportablesegment, as these are used interchangeably between segments. The Management believes thatit is not practicable to provide segment disclosure relating to totalassets and liabilities since ameaningfulsegregation of the available data is onerous
4 The Company has consolidated financial results of allits subsidiary companies / joint ventures/associates as per Indian Accounting Standard 110- Consolidated Financial Statements
Aurionpro Sotdtions Limited Synergia IT Park. Plot No. R-270,T T.C. Industrial Estate. Gautam Nagar.Near Rabale Police Station. RabaleNava Mumbai- 400 701. MH - INDIA
phonefax
+91 22 4040 7070+91 22 4040 7080
in to @aurionpro.comwww.aurlonpro.comCIN L99999MH1997PLCl11637
Quarter ended Inane Months Ended Year ended3 1/ 12/ 2019 30/09/2019 3 1/ 12/ 2018 3 1/ 1 2/2019 31/ 12/zoi8 1 31/03/20i9Unaudited I Unaudited I Unaudited I Unaudited I Unaudited
6,694.]o; 9,szs.811 7,575.74' 23,934.69 27,561.97
4,4t9.861 2,820.031 3,897.751 11,260.40[ 9,324.35
Audited
34,891.04
17,324.04
11,113.96 12.348.84 11.473.49 F 3 5.195.09 36.886.32 52.215.08
[s.213.37 7,49647 7,306.411 20370921 22552.92 29,049-97
260.291 718.87' 1,018.771 2,478.671 2,S70.281 4.979.60
6q736fil R.)ls341 8.32s.lal 22.849.591 25.123.201 34.029.57
aurionpro e
other income include foreign exchange gain/(loss) of Rs.19.81 Lakhs and Rs.38.44 Lakhs for thequarter and nine months ended 31/12/2019 respectively. (Quarter and nine months ended31/12/2018: Rs.(252.39) Lakhs and Rs.135.90 Lakhs respectively).
6 The Company's standalone turnover, profit before tax, profit after tax and total comprehensiveincome is as under
'Pa rticula rs Quarter ended31/ 12/20 19(Unaudited)
Quarter ended3 1/ 12/20 18(Unaudited)
( Nine monthsended
3 1/ 12/2019(Unaudited
21,420.41
INR. in lakhs)(Nine months
ended3 1/12/2018(Unaudited)
21,743.37lrurnover 7,413.79 5,827.77
637.08Profit befo re tax 330.26
136.19
142 .78
863.13
432.354,372.02
3,557.89Profit after tax 474.33
438.77fl'otal ComprehensivIncome
380.89 3,508.37
7. Current tax for the quarter and nine months ended 31/12/2019 includes effect of reversalof earlieryearst8x provision aggregating Rs.219.24 Lakhs in respect of two overseas subsidiaries.
8 The Board of Directors in its Meeting held on 25/03/2019 ("Board Meeting"l, approved the buyback ofthe Company's fully paid-up equity shares of face value of Rs.lO/- IRupees Ten only) each j"Equity Shares")from its shareholders jexcluding promoters and promoters groupjvia "open market" route through thestock exchanges, for a totalamount not exceeding Rs.2,000 Lakhs, and at a price not exceeding Rs.185IRupees One Hundred Eighty-Five onlyjper Equity Share, payable in cash. The buyback of shares wasconcluded on 04/10/2019 and the Company has bought back 8,36,136 Equity Shares at an aggregateamount of Rs.1,015.11 Lakhs
9. Ab required under Ind AS 115 ''Revenue from Contracts with Customers", unbilled revenue is accountedon estimated basis in respect of contracts where the contractual right to consideration is based oncompletion of contractualmilestones as confirmed by the technicalteam
10 The figures for the earlier periods have been regrouped/ reclassified wherever necessary to makethem comparable with those of the current period
11 The Statutory Auditors of the Company have conducted a limited review of the consolidated financialresults for the quarter and nine months ended 31/12/2019 pursuant to the requirement ofRegulation 33 of the SEMI (Listing Obligation and Disclosure Requirements) Regulation 2015. Thesefinancial results have been reviewed by the Audit Committee and thereafter approved by the Boardof Directors at their respective meetings held on 12/02/2020.
0For Aurionpro Solutions Limited
) '.,&,D ' !
Paiesh ZaveriChairman and Managing Director
b' ,,,.-''
Place : Navi RumbaDate; 12/02/2020
Aurionpro Solutions Limited Synergla IT Park. Plot No. R-270,T.T.C. Industrial Estate, Gautam Nagar.Near Rabale Police Station. RabaleNava f.,4urnbal- 400 7Cll. MH - INDIA
phonefax
+91 22 4040 7070+91 22 4040 7080
in fo@au rionpro.comwww.aurtonpro.comCIN L99999N4H1997PLCl11637
CHOKSHl& Cl-lOKSlill,I,PChiirtctcd Accountants
Independent Auditor's Review Report on the(quarterly and Year to Date Unaudited Standalone FinanciaIResults Pursuant
to the Regulation 33 of the SEBljListing Obligations and Disclosure Requirements) Regulations, 201S, as amended
To The Bcjard of Directors
Aurionpr+ Solutions Limited
l We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of Aurionpro SolutionsLimited jthe 'Company'afar the quarter and nine months ended 31/12/2019 jthe 'Statement'l, being submitted by theCompany pursuant ta the requirements of Regulation 33 of the SEBljListing Obligations and Disclosure Requirements)Regulations, 2015, as amended jthc 'Regulation ')
2 This Statemerlt, which is the resoonsibility of the Company's Management and approved by the Board of Directors in itsmeeting dated 12/02/2020, has been prepared in accordance with the recognition and measurement principles laiddown in the Indian Accounting Standards prescribed under section 133 of the Companies Act, 2013 (the 'Act ') read withelegant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is tossu4 a report on the Statement based on our review
3 We j:onducted our review of tho Statement in accordance with the Standard on Review Engagements (SREI 2410,Review of Interim Financiallnformation 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 moderateassurance as to whether the Statement is free from materialmisstatement. A review is limited primarily to inquiries ofthe Company personneland analyticalprocedures applied to financialdata and thus provides less assurance than anaudit. We have not performed an audit and accordingly, we do not express an audit opinion
4 Based on our review conducted, nothing has come to our attention that causes us to believe that the accompanyingStatement of unaudited standalone financial results, prepared in accordance with recognition and measurementprinciples laid down in the Indian Accounting Standards prescribed under Section 133 of the Act, as amended, read withrelevant rules issued there under and other accounting principles generally accepted in India, has nat disclosed theinformation required to be disclosed in terms of Regulation 33 of the Regulations, including the manner in which it is tobe disclosed, or that it contains any materialmisstatement
For CHOKSHl& CHOKSHILLPChartered Accountants
FRN - I01872W /W100045
Vineet SaxenaPa rt ne r
M. No. 100770U DIN:20100770AAAABU7816
Place: Nal/i MumbaiDate: 12/D2/2020
(I'hokshi& Cllokshi L.I.P is a Lilt)item Liability Paring!-ship xx'ith LLP Registration ''<o. AAC -8909mud. ofHce: 15/17. Raghavii'B ' }31dg.. (around I'loaf, Ragha\ljiRoad. Gowalia Tank. Oft ' Kcmps Corllcr, Mumbai-400036
Tc1.: -91-22-2383 6900 : Fax : "i91-22-2383 riOoi : Wel): www.cllokshiandcl)okslli.comE-mail: contact(a, chokshiandchokslli.carl
CllOKSlll& Cl] OKSllll,I.PChartered Accountants
Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Consolidated FinanciaIResults Pursuantto the Regulation 33 of the SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended
ToThe Board of Directors
Aurionpro Solutions Limited
l We knave reviewed the accompanying Statement of Und.dited Consolidated financial Results of Aurionpro SolutionsLimited {the 'Parent ') and its subsidiaries jthe Parent and its subsidiaries together referred to as the 'Group'l, and its shareof the rlct profit after tax and totalcomprehensive income of its associates for the quarter and nine months ended3]-/12/2D19 jthe 'Statement'l, being submitted by the Parent pursuant to the requirements of Regulation 33 of the SEBIIListing Obligations and Disclosure Requirements} Regulations, 201S, as amended jthe 'Regulations')
2 This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directorshas beep prepared in accordance with the recognition and measurement principles laid down in the Indian AccountingStandards prescribed under section 133 of the Companies Act, 2013 (the 'Act ') read with relevant rules issued thereunderand other accounting principles generally accepted in India. Our responsibility is to issue a report on the Statement basedon ou r review
3 Wc conducted our review of the Statement in accordance with the Standard on Review Engagements(SRE) 2410, 'Reviewof Interim Financiallnformation Performed by the Independent Auditor of the Entity ' issued by the Institute of CharteredAccountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as towhether the Statement is free from materialmisstatement. A review is limited primarily to inquiries of the Companypersonnbland analyticalprocedures applied to financialdata and thus provides less assurance than an audit. We have notperf ormed an audit and accordingly, we do not express a n audit opinion
We also perf armed procedures in accordance with the SEBICircular No. CIR/CFD/CMDI/44/2019 dated 29.03.2019 issuedby the Securities and Exchange Board of India under Regulation 33(8jof the Regulations, to the extent applicable
4 The Statement includes the results of the entities as given in the Annexure I to this report
Based on our review conducted and procedure performed as stated in paragraph 3 above and based on the considerationof the review reports of other auditors referred to in paragraph 6 below, nothing has come to our attention that causesus to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laiddown id the Indian Accounting Standards specified under Section 133 of the Act, as amended, read with relevant rulesissued there under and other accounting principles generally accepted in India, has not disclosed the information requiredto be disclosed in terms of Regulation 33 of the Regulations, including the manner in which it is to be disclosed, or that itcontain:many materialmisstatement.
6 We did not review the financialresults of subsidiaries included in the unaudited consolidated financial results, whosefinancialresults reflect totalrevenues of Rs.S643.24 lakhs and Rs.14285.33 lakhs, totalnet profit after tax of Rs.634.49lakhs and Rs.2107.75 lakhs and totalcomprehensive income of Rs.658.66 lakhs and Rs.2141.85 lakhs for the quarter andnine months ended 31/12/2019, respectively, as considered in the consolidated unaudited financial results. Theconsolidated unaudited financial results also include the Group's share of net profit after tax of Rs.22.74 lakhs andRs.330.29 lakhs and totalcomprehensive income of Rs.23.20 lakhs and Rs.329.211akhs for the quarter and nine monthsended ]1/12/2019 respectively, as considered in the consolidated unaudited financialresults, in respect of joint venture,whose interim financialresults have not been reviewed by us. These interim financialresults have been reviewed by otherauditors/chartered accountant, whose reports have been furnished to us by the Parent's Management and our conclusionon the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries and jointventurelis based solely on the report of the other auditors and the procedures performed by us as stated in paragraph 3above
\&
'01:.0
nl'l (hokshi & (:.hokshi LLI' is a Limited Liability I'artnelship with LLP Registration No. AAC-8909office: ] 5/17. RaghavJi'B ' 131dg.. Ground Floor. RaghavjiRoad. Gowalia Tank. Off Kemps Corner, \mumbai-400036
Tel.: '-91-22-2383 6900 : Fax : -' 91-22-2383 69(JI : Web: ww\t.chokshiandchokslli.comE-mail: contact6achokshiandchokshi.com
C }lOKSlll& CllOKSHll.I,P(. hancrcd Accountants
Of the subsidiaries referred to above, in respect of eighteen subsidiaries, their financialresults have been prepared inaccordahcc with accounting principles generally accepted in the respective countries of incorporation and the Parent'sManagement has converted these financial results from accounting principles generally accepted in the respectivecountries to accounting principles generally accepted in India. Our conclusion on the Statement is not modified in respectof this Matter
7 The accompanying unaudited consolidated flnancialresults include the financialresults of five subsidiaries which have notbeen reviewed oy the auditors/chartered accountants, whose financialresults reflect totalrevenue of Rs.1885.67 lakhs ardRs.3366.97 lakhs, totalnet profit/ {lossjafter tax of Rs. l6.31) lakhs and Rs.178.54 lakhs and totalcomprehensive incomeof Rs.(6.q;3) ]akhs and Rs.181.02 ]akhs, for the quarter and nine months ended 3]-/12/2019, respectively, as considered inthe consolidated unaudited financial results. These financial results have been prepared in accordance with accountingprincipled generally accepted in the respective countries of incorporation and the Parent's Management has convertedthese financial results from accounting principles generally accepted in the respective countries to accounting principlesgenerally accepted in India. These financial results have been presented solely based on information compiled by theParent's Management and approved by the Board of Directors. According to the information and explanations given to usby the Parent's Management, these financialresults are not materialto the Group. Our conclusion on the Statement is notmodified in respect of this matter
For CHOKSHl& CHOKSHI LLPChartered Accounta nts
FRN - I01872W /W100045
Vineet SaxenaPa rt n e r
M. No. 100770U DIN : 20100770AAAABV3 176
Place: Navi Mu mba
Date: 12/02/j2020
Chokshi& Chokshi LLP is a Limited Liability Partnership with LLP Registration Xo. AAC-8909Refdlofticc: 15/17, Raghavji'B ' Rldg., Ground Plot.)r. Ragha\tji Road. C;ov.,alia I'ank. Off Kemps Corner. \mumbai-400036
Tel.: : 91-22 2383 690(J iran : +91-22-2383 6901 ; Wcb: w'ww.claokshiandchokslli.comE-mail: contact6a)chokshiandchokshi.com
CllOKSHl& CllOKSHll.I.PChancrcd Accountants
Fina ncial Results
Unaudited Consolidated FinanciaIResults for the quarter and nine months ended 31/12/2Q19 include results of thefollowing entities:
l2
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4.5.6.7.8.9.10.1112
13.14 .15
16
1718
19
202122
23
24
Aurlonpro Fintech IncAurlonpro Future Solutions Pte LimitedAurjonpro Holdings Pte LimitedAurjonpro Market Systems Pte LimitedAurjonpro Solutions(Africa) LimitedAurjonpro Solutions PLCAurjonpro Solutions Pte Ltd.Aurionpro Solutions Pty LimitedCyber IncAurofidelOutsourcing Limitedntegrosys Corporationntegro Technologies Co. LtdIntegra Technologies Pty LimitedIntegro Technologies Pte LimitedIntegro Technologies SDN .BH DIntegro Tech Vietnamintellvisions Software LLCintellvisions Solutions Pvt. LtdPT Aurionpro SolutionsSend Systems Private LimiteaServopt Consulting Private LimitedSpike IncSC Soft Pte. LtdNea.bnk
Chokshi& Chokshi LI,P is a Limited Liability Partnersllip with I.LP Registration No. AAC-8909Reade office: 15/17. Rag]aavji'B ' }31dg., Group(] Floor. RaghaxjiRoad, Gou.'alia Tank. Off Kemps Co!-her. Mumbai-400036
Tc1.: --91-22-2383 6900 : Fax : +91-22-2383 6901 : Web: www.chokshiandchokshi.coinE-mail: contacts(dchokshiandchokshi.coRI
