Ace Integrated Solutions Limited — Annual Report 2019

May 30, 2019

ACE INTEGRATED SOLUTIONS LIMITED

Regd. Office: B-13, DSIDC Complex, FIE, Patparganj Industrial Area, Delhi - 110092 Phone No.: 011-22162970, 22163632, 22156470 Fax: 011-22156374 e-mail:-ceo@aceintegrated.com, info@aceintegrated.com CIN: L74140DL1997PLC088373

Ref.- AISL/SEC/STX/2019-20/10

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Date: 30.05.2019

The Manager (Listing Department) National Stock Exchange of India Limited (NSE) Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (East), Mumbai-400051 (Maharashtra)

Company Symbol: ACEINTEG Subject:- Outcome of the Board Meeting held on Thursday, May 30, 2019.

Dear Sir/Madam,

This is to inform you that the Meeting of Board of Directors of the Company held on today i.e. on Thursday, the 30^th day of May, 2019 at 03:00 p.m. at the registered office of the Company located at B-13, DSIDC Complex, Functional Industrial Estate, Industrial Area Patparganj, New Delhi - 110092.

The outcomes of the Board Meeting are as under:

• 1. Approval of Audited Financial Statements of the Company for the year ended on March 31, 2019.
• 1. Approval of Auditors Report on Audited Financial Statements of the Company for the year ended on March 31, 2019.
• 1. Approval of Audited Financial Results of the Company for the half year and year ended on March 31, 2019.
• 1. Approval of Auditors Report on Audited Financial Results of the Company for the half year and year ended on March 31, 2019.
• 1. Appointment of M/s. Atiuttam Singh & Associates as Secretarial Auditor for the conducting the Secretarial Audit for the Financial year 2019-20.

In addition to the above, other matters were also discussed in the Board Meeting.

The Meeting was concluded at 05:30 P.M.

You are kindly requested to take the above information on your record.

For ACE L EGRATEO SOLUTIONS LIMITED

RANJEET SINGH Company Secretary (Company Secretary & Compliance Officer)

Date: 30.05.2019 Place: Delhi

Brief Profile Secretarial Auditor Firm

$\mathcal{L}$

Particulars	Appointment as Secretarial Auditor
Name of Firm	Atiuttam Singh & Associates
Name of Company Secretary	Atiuttam Prasad Singh
M. No.	F8719
COP No.	13333
Office Address	D-10, Gali No. 20, First Floor, Madhu Vihar, New
	Delhi - 110092
Phone No.	9582064799
E-mail ID	atiuttamsingh@gmail.com
Professional Qualification	$CS$ , B.Com $(H)$
Experience	10 years' experience in corporate matters
Field Expertise	& Accounting, Finance, Secretarial, Legal
	Corporate Consultancy SINGH & ASe

FCS 8719
CP-13333 Howards A Company Secret

CIATES

Sadana & Co. 106. Vishal Chambers, Sector-18, Noida-201301

www.sadanaca.com e-mail: sadanaca@gmail.com

Ph.: 0120-4235368 Fax: 0120-4235368

Auditor's Report OnHalf Yearly Financial Results and Year to Date Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

To

The Board of Directors ACE INTEGRATED SOLUTIONS LIMITED B-13, DSIDC Complex. Functional Industrial Estate. Industrial Area Patpargani, Delhi - 110092

Sub: Auditor's Report On Financial Results of the Company for the half year ended March 31, 2019 and the year to date result for the period April 01, 2018 to March 31, 2019.

We have audited the half year financial results of Ace Integrated Solutions Limited for the half year ended March 31, 2019 and the year to date results for the period April 01, 2018to March 31, 2019 attached herewith, being submitted by the company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. These half yearly financial results as well as the year to date financial results have been prepared on the basis of the interim financial statements, which are the responsibility of the company's management. Our responsibility is to express an opinion on these financial results based on our audit of such interim financial statements, which have been prepared in accordance with the recognition and measurement principles laid down in Accounting Standard for Interim Financial Reporting (AS 25 / Ind AS 34), prescribed, under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder; or by the Institute of Chartered Accountants of India, as applicable and other accounting principles generally accepted in India.

We conducted our audit in accordance with the auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial results are free of material misstatement(s). An audit includes examining, on a test basis, evidence supporting the amounts disclosed as financial results. An audit also includes assessing the accounting principles used and significant estimates made by management. We believe that our audit provides a reasonable basis for our opinion.

In our opinion and to the best of our information and according to the explanations given to us these half yearly financial results as well as the year to date results:

are presented in accordance with the requirements of Regulation 33 of the SEBI $(i)$ (Listing Obligations and Disclosure Requirements) Regulations, 2015 in this regard; and

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give a true and fair view of the net profitand other financial information for the half $(ii)$ year ended March 31, 2019 as well as the year to date results for the period from April 01, 2018 to March 31, 2019.

For Sadana & Co. Chartered Accountants FRNA011616N (CAAmit Bansal)

Partner Membership No. 098966 Place: Delhi Date: 30^th May 2019

UDIN: 19098966AAAAAAI5164

For ACE INTEGRATED SOLUTIONS LIMITED accounting year (31/03/2019) 12 Months (Audited) Previous 897.94 36.00 552.46 595.08 595.08 $\frac{48.21}{154.37}$ 36.00 59.41 23.40 36.00 $\frac{22.24}{59.41}$ 42.62 39.03 159.85 95.86 ended accounting year 31/03/2018 (In Lakhs) 12 Months (Audited) 2,402.77 2.613.85 2,613.85 1,777.19 Previous 66 968

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$\overline{a}$ $\omega$ $\sim$ $\sigma$ $\rightarrow$ Figures of previous period /year have been regrouped / reclassified / recast wherever necessay to make the financial statement comparable The Company operates only in one business segment. Hence, no separate information for segmant wise disclosure is given. The above Un-Audited Financial Results is subject to Limited Review Report as furnished by the approved by the Board of Directors of the Company as required under
Regulation 33 of SEBI (LODR) Regulations, 2015. 2019. The above financial results for the year ended March 31, 2019 have been reviewed by the Audit Committee and thereafter approved by the Board of Directors in its meeting held on May 29, The Company got listed its equity shares on NSE Emerge Platform on July 13, 2017. Note: Date: 3⇔, S2,o1q
Place: Delhi For S. $\overline{C}$ Anit lanted M. No. 098966. & COMPANY $\delta$ PARTNER) 9 Chandra Shekhar Verma (MANAGING DIRECTOR) DIN: 01089951 Rohit Goel
CFO For ACE INTEGRATED SOLUTIONS LIMITED Company Secretary Ranjeet Singh DIN: 01089994 Amita Verma
(DIRECTOR)

M/S Ace Integrated Solutions Ltd.

Formerly known as Ace Integrated Solutions Etu.
Formerly known as Ace Integrated Solutions (P) Ltd.)
CIN: L74140DL1997PTC088373, email:-ceo@aceintegrated.com, Phone: 011-22162970

STATEMENT OF ASSETS AND LIABLITIES
Particulars	6 months ended (31/03/2018)	6 months ended (30/09/2018)	6 months ended (31/03/2019)	12 Months Previous accounting year ended (31/03/2019)	(In Lakhs) 12 Month Previous accounting year ender (31/03/2018
		Un-adudited	Un-adudited	Audited	Audited
I. EQUITY AND LIABILITIES		₹	₹	₹	₹
(1) Shareholder's Funds
(a) Share Capital
(b) Reserves and Surplus	680.00	680.00	680.00	680.00	680.00
(c) Money received against share warrants	860.99	914.67	897.94	896.99	860.99
(2) Share application money pending allotment
(3) Non-Current Liabilities			$\overline{a}$	٠
(a) Long-term borrowings
(b) Deferred tax liabilities (Net)	108.17	107.00	93.09	93.09	108.17
(c) Other Long term liabilities	9.53	9.54	20.43	20.43	9.53
(d) Long term provisions
(4) Current Liabilities
(a) Short-term borrowings	109.00	103.60	17.10	17.10
(b) Trade payables	508.74	398.48	296.56	296.59	109.00
(c) Other current liabilities	1.50	14.81	1.60	4.21	508.74
(d) Short-term provisions	171.34	109.31	82.30	41.28	1.50 171.34
Total	2,449.27	2,337.41	2,089.02
II.Assets				2,049.68	2,449.27
(1) Non-current assets
(a) Fixed assets
(i) Tangible assets	285.90	260.84	253.68	253.68	285.90
(ii) Intangible assets (iii) Capital work-in-progress
(iv) Intangible assets under development
(b) Non-current investments
(c) Deferred tax assets (net)	54.23	54.23	54.23	54.23	54.23
(d) Long term loans and advances
(e) Other non-current assets	536.87	502.23	634.94	634.96	536.87
(2) Current assets
(a) Current investments
(b) Inventories				303.49
(c) Trade receivables	856.16
(d) Cash and cash equivalents	336.76	840.46 411.64	406.90	407.33	856.16
(e) Short-term loans and advances	16.96	18.05	464.29	160.79	336.76
(f) Other current assets	362.39	249.96	24.44 250.55	15.20 219.99	16.96 362.39
Total
	2,449.27	2,337.41	2,089.02	2,049.68	2.449.27

Date: Place: Delhi

or a AMA & COMPANY sam (PARTNER)
rit Bangal ANA M.MO. 098966

$\varrho$ Chandra Shekhar Verma
(MANAGING DIRECTOR) DIN: 01089951

Rohit Goel CFO

For ACE INTEGRATED SOLUTIONS LIMITED

Amita Verma
(DIRECTOR DIN: 0108999

2,449.27

Ranjeet Sing Company Secretal

$\mathbf{1}$

ACE INTEGRATED SOLUTIONS LIMITED

Regd. Office: B-13, DSIDC Complex, FIE, Patparganj Industrial Area, Delhi - 110092 Phone No.: 011-22162970, 22163632, 22156470 Fax: 011-22156374 e-mail:-ceo@aceintegrated.com, info@aceintegrated.com CIN: L74140DL1997PLC088373

DECLARATION

Pursuant to the provision of Regulation-33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended from time to time, We hereby declare and confirm that M/s. Sadana & Co., Chartered Accountants (Firm Reg. No. 011616N), Statutory Auditors of the Company have issued an Auditor's Report with un-modified opinion on Standalone Audited Financial Results of the Company for the half year and year ended on March 31, 2019 which have been approved by the Board of Directors in their Meeting held on May 30, 2019.

For ACE INTEGRATED SOLUTIONS LIMITED
For ACE INTEGRATED SOLUTIONS LIMITED

CHANDRA SHKEHARINERMA (Managing Director) DIN: 01089951

ROHIT GOEL

For ACE INTEGRO ...

JINS LIMITED

九山

KUTIL TULL Chief Financial Officer

Date: 30.05.2019 Place: Delhi

ACE INTEGRATED SOLUTIONS LIMI

Regd. Office: B-13, DSIDC Complex, FIE, Patparganj Industrial Area, Delhi - 110092 Phone No.: 011-22162970, 22163632, 22156470 Fax: 011-22156374 e-mail:-ceo@aceintegrated.com, info@aceintegrated.com CIN: L74140DL1997PLC088373

Certification by Managing Director and Chief Financial Officer of the Company in terms of Regulation-33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the half year and year ended March 31, 2019.

We, Chandra Shekhar Verma, Managing Director of the Company and Rohit Goel, Chief Financial Officer of Ace Integrated Solutions Limited, do hereby certify that, we have reviewed audited financial results of the Company for the half year and year ended March 31, 2019 and to the best of our knowledge and belief:

• The Financial results do not contain any false or misleading statement or figures and $(i)$ do not omit any material fact which may make the statements or figures contained therein misleading.
• These Results together present a true and fair view of the company's affairs and are in $(ii)$ compliance with the existing accounting standards and/or applicable laws/regulations.

For ACE INTEGARTED SOLUTIONS LIMITED For ACE INTEGRATED SQLUTIONS LIMITED

Chandra ShekManaMermiector (Managing Director) DIN: 01089951

2

Rohit Goel (Chief Financial Officer)

Chief Financial Officer

For ACE INTEGRATED SULLHONS LIMITED

Date: 30.05.2019 Place: Delhi