AAA TECHNOLOGIES LIMITED — Annual Report 2023

May 18, 2023

AAA TECHNOLOGIES LIMITED CIN: L72100MH2000PLC128949 (An ISO 9001:2015 & ISO 27001:2013 Company) 278-280, F Wing, Solaris-1, Saki Vihar Road, Opp. L&T Gate No. 6, Powai, Andheri (E), Mumbai 400 072, INDIA 을 +91-22-2857 3815/16 A +91-22-4015 2501 용 info@aaatechnologies.co.in 은 www.aaatechnologies.co.in

Empanelled by CERT-In for IT Security Auditing Service

Date: 18th May, 2023

To. The Manager, National Stock Exchange of India Limited Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (East), Mumbai-400051.

BSE LIMITED

(Listing Department) P.J. Towers, 1st Floor. Dalal Street, Mumbai-400001.

Symbol: AAATECH

Scrip Code: 543671

SUBJECT: Outcome of the Board Meeting held on Thursday, 18th May, 2023.

Ref: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Dear Sirs,

The Board of Directors in their meeting held on Thursday, 18th May, 2023, inter-alia, considered and approved the following matters:

• 1. The Audited Financial Results of the Company for the Year ended 31st March, 2023 along with the Statement of Cash Flow as on 31st March, 2023.
• 1. Recommended the Final Dividend of 5% on Equity Shares for the Financial Year 2022-2023 subject to the approval of Members in the ensuing Annual General Meeting.
• 1. The Audited Financial Statements of the Company for the financial year ended March 31, 2023 and the reports of the Board of Directors ('the Board') and auditors thereon.
• 1. The Re-appointment of the Statutory Auditors M/s. Vandana V Dodhia & Co., Chartered Accountants, (FRN No. 117812W) and fixing of Remuneration for the Financial Year 2023-2024.
• 1. The appointment of Internal Auditor and fixing of Remuneration for the Financial year 2023-2024.
• 1. The appointment of Secretarial Auditor and fixing of Remuneration for the Financial year 2023-2024.
• 1. Noted the disclosure of Interest of Directors under section 184 and Disqualification of Directors under section 164.

In accordance with the Regulation 33 of Listing Regulations we are enclosing herewith the followings:

• 1. Audited Financial Results of the Company for the Year Ended 31st March, 2023 along with Cash Flow Statement as on 31^st March, 2023.
• 1. Audit Report on aforesaid Financial Results.

The Meeting commenced at 05.00 P.M. and concluded at 06.10 P.M.

You are requested to take the same on record.

Thanking You,

Yours faithfully,

For AAA TECHNOLOGIES LIMITED

Shah Sagar Manoj

SAGAR SHAH COMPANY SECRETARY AND COMPLIANCE OFFICER

AAA TECHNOLOGIES LIMITED CIN: L72100MH2000PLC128949 (An ISO 9001:2015 & ISO 27001:2013 Company) 278-280, F Wing, Solaris-1, Saki Vihar Road, Opp. L&T Gate No. 6, Powai, Andheri (E), Mumbai 400 072, INDIA ² +91-22-2857 3815/16 ▲ +91-22-4015 2501 个 info@aaatechnologies.co.in ● www.aaatechnologies.co.in

Empanelled by CERT-In for IT Security Auditing Service

18th May, 2023

To. The Manager-Listing Department National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai-400051

Symbol: AAATECH

BSE LIMITED

(Listing Department) P.J. Towers, 1st Floor, Dalal Street, Mumbai-400001.

Scrip Code: 543671

Subject: Declaration pursuant to Regulation 33(3)(d) of the Security and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir/Madam,

In terms of the provisions of Regulation 33(3)(d) of the Security and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby confirm that the Statutory Auditors of the Company M/s. Vandana V. Dodhia & Co. Chartered Accountants (Firm Registration Number 117812W) has issued an Audit Report (Standalone) with Unmodified Opinion on the Audited (Standalone) Financial Results of the Company for the year ended March 31, 2023.

Kindly take this Declaration on Record

Thanking You,

Yours faithfully,

For AAA TECHNOLOGIES LIMITED

Shah Sagar Manoj

SAGAR SHAH COMPANY SECRETARY AND COMPLIANCE OFFICER

	AAA TECHNOLOGIES LIMITED CIN: L72100MH2000PLC128949
	278-280, F Wing, Solaris 1, Saki Vihar Road, Opp. L&T Gate No. 6, Powai, Andheri East, Mumbai 400 072
	Standalone Statement of Assets & Liabilities for the year ended on 31st March 2023
			RUPEES (in Lakhs)
	PARTICULARS	AS AT 31-03-2023 RUPEES	AS AT 31-03-2022 RUPEES
ı	Whether results are audited or unaudited ASSETS	Audited	Audited
1	Non Current Assets
	(a) Property, Plant and Equipment	201.45	93.13 0.88
	(b) Other Intangible Assets	0.88
	(c) Financial Assets (i) Investments	0.00	0.00
	(ii) Trade Receivables	0.00	0.00
	(iii) Loans	0.00	0.00
	(iv) Other Financial Assets	0.11 0.00	0.11 0.00
	(d) Deferred Tax Assets (Net) (e) Other Non Current Assets	0.00	0.00
	Total Non Current Assets	202.44	94.12
$\overline{\mathbf{2}}$	Current Assets
	(a) Inventories	0.00	0.00
	(b) Financial Assets (i) Investments	0.00	0.00
	(ii) Trade Receivables	670.09	917.74
	(iii) Cash and Cash Equivalents	187.92	569.12
	(iv) Bank Balances other than (iii) above $(v)$ Loans	1,095.87 0.00	352.04 0.00
	(vi) Other Financial Assets	521.87	545.51
	(c) Current Tax Assets (Net)	75.23	81.52
	(d) Other Current Assets	14.05	5.42
	Total Current Assets	2,565.03	2,471.35 2,565.47
H 1	TOTAL ASSETS EQUITY AND LIABILITIES	2,767.47
	Equity (a) Equity Share Capital	1,282.68	855.12
	(b) Other Equity	1,255.86	1,439.34 2,294.46
$\overline{2}$	Total Equity LIABILITIES	2,538.54
2A	Non Current Liabilities
	(a) Financial Liabilities
	(i) Borrowings	0.00	0.00
	(ii) Lease Liabilities	0.00 0.00	0.00 0.00
	(iii) Trade Payables (iv) Other Financial Liabilities	0.00	0.00
	(b) Provisions	0.00	0.00
	(c) Deferred Tax Liabilities (Net)	2.54	(2.06)
	(d) Other Non Current Liabilities	0.00 2.54	0.00 (2.06)
2B	Total Non Current Liabilities Current Liabilities
	(a) Financial Liabilities
	(i) Borrowings	0.00	0.00
	(ii) Lease Liabilities (iii) Trade Payables	0.00 0.00	0.00 0.00
	(iv) Other Financial Liabilities	0.00	0.00
	(b) Other Current Liabilities	0.02	0.00
	(c) Provisions	226.37 0.00	273.07 0.00
	(d) Current Tax Liabilities (Net) Total Current Liabilities	226.39	273.07
	TOTAL LIABILITIES	228.93	271.01
	TOTAL EQUITY AND LIABILITIES	2,767.47	2,565.47
	FOR & ON BEHALF OF THE BOARD
	ANJAY AGARWAL ᠬ CHAIRMAN &		VENUGOPAL M. DHOOT WHOLE TIME DIRECTOR
	О MANAGING DIRECTOR		& CFO
	DIN:00415477		DIN:02147946

AND BLAND

$\overline{\phantom{a}}$

PLACE Mumbai
DATED 18-May-23

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$\sim$

AAA TECHNOLOGIES LIMITED
CIN: L72100MH2000PLC128949
Registered Office:278-280, F Wing, Solaris 1, Saki Vihar Road, Opp. L&T Gate No. 6, Powai, Andheri East, Mumbai 400 072

Standalone Statement of Financial Results for Quarter and Year ended on 31st March 2023

				(RUPEES in Lakhs except EPS)
	PARTICULARS	QUARTER ENDED ON			YEAR ENDED ON
		31-03-2023	31-12-2022	31-03-2022	31-03-2023	31-03-2022
	Whether results are audited or unaudited	Audited	Unaudited	Audited	Audited	Audited
t.	Revenue from operations	1.199.32	434.76	727.41	2,300.04	1,440.16
Ⅱ.	Other Income	17.44	20.07	4.64	50.96	17.56
III.	Total Income (I+II)	1,216.76	454.83	732.05	2.351.00	1.457.72
IV.	Expenses:
	Cost of material consumed	0.00	0.00	0.00	0.00	0.00
	Purchases of Stock-in-Trade	0.00	0.00	0.00	0.00	0.00
	Changes in inventories of Finished goods,	0.00	0.00	0.00	0.00	0.00
	Stock-in-Trade and work-in-progress
	Employee benefits expense	256.24	119.18	242.91	543.80	519.58
	Finance costs	0.00	0.00	0.00	0.00	0.01
	Depreciation and amortization expense	10.54	3.93	3.26	21.37	10.12
	Other expenses	843.12	230.57	334.04	1,402.46	609.38
	Total Expenses (IV)	1,109.90	353.68	580.21	1,967.63	1.139.09
V.	Profit before exceptional items and tax (III-IV)	106.86	101.15	151.85	383.37	318.63
VI.	Exceptional items	0.00	0.00	0.00	0.00	0.00
VII.	Profit before tax(V-VI)	106.86	101.15	151.85	383.37	318.63
VIII.	Tax expense
	(1) Current tax	22.95	26.12	37.50	91.89	77.47
	(2) Earlier years tax	0.00	0.04	0.00	0.04	4.61
	(3) Deferred tax	3.95	(0.65)	0.71	4.60	2.71
IX.	Profit (Loss) for the period from continuing	79.96	75.64	113.63	286.84	233.84
	operations (VII-VIII)
Χ	Profit (Loss) from discontinuing operations	0.00	0.00	0.00	0.00	0.00
XI	Tax expense of discontinuing operations	0.00	0.00	0.00	0.00	0.00
X	Profit (Loss) from Discontinuing operations	0.00	0.00	0.00	0.00	0.00
	(after tax) $(X-XI)$	79.96	75.64	113.63	286.84	233.84
XIII	Profit (Loss) for the peiod $(IX + XII)$
XIV	Other Comprehensive Income	0.00	0.00	0.00	0.00	0.00
	(1) Items that will not be reclassified to profit or loss	0.00	0.00	0.00	0.00	0.00
	(2) Income Tax relating to Items that will not be reclassified to profit or loss
	(3) Items that will be reclassified to profit or loss	0.00	0.00	0.00	0.00	0.00
	(4) Income Tax relating to Items that will be	0.00	0.00	0.00	0.00	0.00
	reclassified to profit or loss			0.00	0.00	0.00
	Total Other Comprehensive Income (XIV)	0.00	0.00	113.63	286.84	233.84
XV	Total Comprehensive Income for the Period (XIII + XIV)	79.96	75.64
XVI.	Earnings per equity share (not annualised):		0.59	0.88	2.24	1.82
	(1) Basic (Restated)	0.62	0.59	0.88	2.24	1.82
	(2) Diluted (Restated)	0.62 1282.68	1282.68	855.12	1282.68	855.12
XVII.	Paid Up Equity Share Capital (Equity Shares of
	face value of Rs. 10/- each)	1.255.86		1,439.34	1,255.86	1,439.34
	Other Equity excluding Ravaluation Reserves

Notes on Financial Results

1. The above results have been reviewed by the Audit Committee and have been approved by the Board of Directors at their respective meeting held on 18th May, 2023.

2. Transition to Indian Accounting Standards (Ind-AS)

The results for quarter ended March 31, 2023 and year ended March 31, 2023 have been prepared on the basis of audited standalone financial statements, which are prepared in accordance with the Indian Accounting Standards (Ind-AS) as prescribed under Section 133 of the Companies Act, 2013 and notified by the Ministry of Corporate Affairs under the Companies (Indian Accounting Standards) Rules, 2015 (as amended).

1. Reconciliation of Statement of Profit and Loss as previously reported under IGAAP to Ind-AS

(RUPEES in Lakhs)

PARTICULARS	QUARTER ENDED ON	YEAR ENDED ON
	31-03-2022	31-03-2022
Net Profit as per Indian GAAP	105.22	200.18
Deferred Revenue Exp / Preliminary Exp adjusted	10.92	43.71
Effect of Deferred Tax Assets / Liabilities	(2.51)	(10.05)
Total Comprehensive Income as per Ind-AS	113.63	233.84

1. The Company is engaged in single business segement

2. Previous year's / period's figure have been regrouped / rearranged wherever necessary

3. Basic and Diluted EPS has been restated after considering the Bonus shares issued on 07-08-2020 and 15-09-2022

AAA TECHNOLOGIES LIMITED CIN: L72100MH2000PLC128949

$\sim$

278-280, F Wing, Solaris 1, Saki Vihar Road, Opp. L&T Gate No. 6, Powai, Andheri East, Mumbai 400 072

Standalone Cash Flow Statement for the year ended on 31st March 2023

	RUPEES (in Lakhs)
PARTICULARS		Year Ended 31-03-2023 RUPEES	Year Ended 31-03-2022 RUPEES
A) Cash Flow from Operating Activites
Profit/ (Loss) before Taxes from continuing operations		383.37	318.63
Adjustment for:
Depreciation & Amortisation		21.37	10.12
Finance Cost		0.00	0.01
Interest Income	$\mathcal{O}_{\mathcal{N}}$	(45.63)	(17.56)
Operating Profit before Working Capital Changes Adjustment for:		359.11	311.20
Decrease / (Increase) in Trade Receivables		247.65	83.90
Decrease / (Increase) in Loans and Other Financial Assets		23.64	0.57
Decrease / (Increase) in Other current assets		(8.63)	25.32
Decrease / (Increase) in Non current- Other Financial assets		0.00	0.00
Decrease / (Increase) in Other Non current assets		0.00	0.00
(Decrease) / Increase in provisions		(46.70)	77.74
(Decrease) / Increase in other current liabilities		0.02	(0.32)
Cash Generated from Operations		575.09	498.41
Direct Taxes Paid (Net of Refund) Net Cash Flow generated from Operating Activities		(85.64) 489.45	(111.13) 387.28
B) Cash Flow from Investing Activities
Purchase of Property, Plant and Equipment & Intangible Assets		(129.69)	(7.37)
Proceed from sale of Property, Plant and Equipment & Intangible Assets		0.00	0.00
Interest Received		45.63	17.56
Net (Investment)/ Maturity of Fixed Deposits in Bank		(743.83)	78.11
Net Cash Flow generated from Investing Activities		(827.89)	88.30
C) Cash Flow from Financing Activities
Proceeds from issuance of Share Capital		0.00	0.00
Finance Cost		0.00	(0.01)
Dividend Paid		(42.76)	(42.76)
Net Cash Flow used in Financing Activities		(42.76)	(42.77)
Net Increase in Cash and Cash Equivalents		(381.20)	432.81
Cash and Cash Equivalents at beginning of Year		569.12	136.31
Cash and Cash Equivalents at end of Year,		187.92	569.12

FOR & ON BEHALF OF THE BOARD

ANJAYAGARWAL CHAIRMAN & MANAGING DIRECTOR DIN:00415477

PLACE DATED:

$\overline{a}$

VENUGOPAL M. DHOOT WHOLE TIME DIRECTOR & CFO DIN:02147946

Mumbai 18-May-23

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