Aurionpro Solutions Ltd. — Annual Report 2021

May 28, 2021

28th May 2021

Deptt. of Corporate Services- Listing NatlonalStock Exchange of India Limited Exchange Plaza, Plot no. C/I, G Block, sandra-Kurta Complex, Bandra(E) Mumbai - 400 051

Sub: Out f Board Meeting held on 28th Mav 2021

This is to inform you that the Board of Directors("the Board") of the Company at its Meeting held on 28th May 2021, has considered and approved the following

(i) The Audited Standalone and Consolidated Financial Results of the Company for the quarter and year ended 31st March 2021. Please find enclosed herewith Audited (Standalone & Consolidated) Financial Results for the year ended 31s' March 2021 along with Auditors Report thereon received from M/s. Chokshi& Chokshi., LLP, Statutory Auditors of the Company.

We would like to further state that M/s. Chokshi& Chokshi., LLP, Statutory Auditors, have issued audit reports with unmodified opinion on the financialresults for the year ended 31st March, 2021

The Audited FinancialStatements of the Company along with Auditor's Report willbe made available on the Company's website ww]41:auL⑥np.1.9i.g:fQln..

(ii) Dividend

Pursuant to Regulation 30 Of the DEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that taking into account the economic uncertainties posed by the ongoing COVID-19 pandemic, the Board of Directors felt it appropriate to adopt conservative approach and conserve Profits to meet unforeseen contingences in these criticaltimes. Therefore, the Board of Directors has not recommended any dividend this year.

Kindly take the above on record and acknowledge receipt

Thanking you

ed For Aurionpro Solutions Limi

Companysecretary

Aurionpro Solutions Limited Synergia IT Park. Plot No. R-270. TT.C. Industrial Estate. Gautam Nagar Near Rabale Police Station. Rabble N.lvlN-lurTlbat- 400 701 1\4H - INDIA

phone +91 22 4040 7070 fax +91 22 4040 7080 www.aunonpro.com

IN L99999NIH1997PLCl11637 P

Aurionpro Solutions Limited

Statement of Audited Standalone Financial Results for the Quarter and Year ended March 31, 2021

	(Rs.in lakhs)
		Quarter ended			Year ended
SrNo.	Particulars	31-Mar-21	31-Dec-20	31-Mar-20	31-Mar-21	31-Mar-20
		Audited	Unaudited	Audited	Audited	Audited
$\mathbf{1}$	Income
	(a) Revenue from Operations	5,703.67	5,329.29	6.038.09	19,170.65	28,543.58
	(b) Other Income	108.63	59.87	394.23	330.18	1,107.27
	(c) Total Income $[(a) + (b)]$	5,812.30	5,389.16	6,432.32	19,500.83	29,650.85
$\overline{2}$	Expenses
	(a) Software, Hardware and Other Material Cost	1,790.72	1,819.22	1,963.06	5,313.24	12,628.38
	(b) Change in inventories of Raw Materials,Finished Goods and Stock-in-Trade	(175.05)	212.62	56.04	383.22	1.032.79
	(c) Employee Benefits Expense	1,970.40	2,004.90	2.182.62	7,624.57	8,336.02
	(d) Finance Costs	343.16	356.69	396.00	1,399.53	1,598.43
	(e) Depreciation and Amortisation Expense	233.64	294.89	412.57	1,123.68	1,469.26
	(f) Other Expenses	766.91	377.45	656.77	1,714.03	2,957.59
	(g) Total Expenses [(a) to (f) ]	4,929.78	5,065.77	5,667.07	17,558.27	28,022.47
3	Profit/ (Loss) before Exceptional Items and Tax$[1 (c) - 2 (g)]$	882.52	323.39	765.25	1,942.56	1,628.38
$\overline{4}$	Exceptional Items (Refer Note No.4)	3.903.40			3,903.40
5	Profit / (Loss) before Tax [3-4]	(3,020.88)	323.39	765.25	(1,960.84)	1,628.38
6	Tax Expenses
	(a) Current Tax	150.29	99.06	126.33	354.12	520.85
	(b) Deferred Tax Charge/ (Credit)	55.63	22.84	42.67	138.26	78.93
$\overline{7}$	Profit/ (Loss) after Tax [ 5 - 6 ]	(3, 226.80)	201.49	596.25	(2, 453.22)	1,028.60
8	Other Comprehensive Income (net of tax)	281.83	(23.74)	(33.08)	226.74	(84.54)
9	Total Comprehensive Income for the period$T7+8$ ]	(2,944.97)	177.74	563.17	(2, 226.48)	944.06
	10 Paid-up Equity Share Capital (Face Value of Rs. 10each)	2,280.02	2,280.02	2,280.02	2,280.02	2,280.02
	11 Other Equity (Excluding Revaluation Reserve)				19,110.78	21,337.26
	12 Earnings per equity share*
	-Basic (Rs.)	(14.15)	0.88	2.55	(10.76)	4.40
	-Diluted (Rs.)	(14.15)	0.88	2.55	(10.76)	4.40
	* Earnings per equity share for the quarter is not annualised.

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

+91 22 4040 7070+91 22 4040 7080 phone fax

info@aurionpro.com www.aurionpro.com CIN L99999MH1997PLC111637

1. Statement of Assets and Liabilities

(Rs. in lakhs)

	Particulars	As at31-Mar-21	As at31-Mar-20
		Audited	Audited
	A ASSETS
	1 Non- Current Assets
	(a) Property, Plant and Equipment	4,341.79	4.856.26
	(b) Capital Work in Progress	1,340.66	484.52
	(c) Right of Use Assets	327.79	1,122.40
	(d) Intangible Assets	1.335.41	1,490.18
	(e) Financial Assets
	(i) Investments	5.595.16	14,477.55
	(ii) Other Financial Assets	1,241.27	1,347.80
	(f) Deferred Tax Assets (net)	329.87	468.13
	(g) Non-Current Tax Assets (net)	785.20	677.30
	(h) Other Non Current Assets	71.57	152.92
	Sub-total Non-Current Assets	15,368.72	25,077.06
	2 Current Assets
	(a) Inventories	1,303.80	1,687.02
	(b) Financial Assets
	(i) Investments
	(ii) Trade Receivables	8,654.18	8.101.95
	(iii) Cash and Cash Equivalents	432.45	802.71
	(iv) Bank Balances other than (iii) above	1,235.14	1,018.62
	(v) Loans	3,207.00	5,123.10
	(vi) Other Financial Assets	3,077.31	5,925.11
	(c) Other Current Assets	3,934.13	2,797.34
	(d) Assets-held- for-sale	4,467.03
	Sub-total Current Assets	26,311.04	25,455.85
	Total Assets	41,679.76	50,532.91
	BEQUITY AND LIABILITIES
1	Equity
	(a) Equity Share Capital	2,280.02	2,280.02
	(b) Other Equity	19,110.78	21,337.26
	Total Equity	21,390.80	23,617.28
	LIABILITIES
	2 Non Current Liabilities
	(a) Financial Liabilities
	(i) Borrowings	4,583.72	5,497.59
	(ii) Lease Liabilities	169.95	815.40
	(b) Other Non Current Liabilities	994.67	1,014.45
	(c) Provisions	404.17	481.63
	Sub-total Non-Current Liabilities	6,152.51	7,809.07
	Current Liabilities
	(a) Financial Liabilities
	(i) Borrowings	2,477.57	3,419.61
	(ii) Lease Liabilities	252.62	434.10
	(iii) Trade Payables
	Due to Micro and Small Enterprise	60.75	1.59
	Due to Other than Micro and Small Enterprise	4,907.12	6,541.15
	(iv) Other Financial Liabilities	4,610.75	6,408.01
	(b) Other Current Liabilities	1,451.75	1,931.23
	(c) Provisions	375.89	370.87
	Sub-total Current Liabilities	14,136.45	19,106.56
	Children Equity and Liabilities	41,679.76	50,532.91

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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

+91 22 4040 7070+91 22 4040 7080 phone

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Notes to the Standalone Financial Results:

2. Statement of Cash Flow		(Rs.in lakhs)
Sr Particulars	Year ended
	31-Mar-21	31-Mar-20
	Audited	Audited
Cash Flow from Operating ActivitiesA
Net profit/ (loss) before tax	(1,960.84)	1,628.38
Adjustments:
Depreciation and amortisation expenses	1,123.68	1,469.26
Interest Income	(246.96)	(652.41)
Interest expenses	1,288.79	1,462.95
Bad debts	154.64	17.09
Provision for doubtful debts	123.50	75.36
Loss on sale of Property, Plant and Equipment (PPE)	28.68	552.06
Foreign exchange (Gain)/ Loss (net)	151.20	(293.90)
Other non cash exceptional items	3,903.40	$\overline{\phantom{000000000000000000000000000000000000$
Operating Profit before working capital changes	4,566.09	4,258.79
Movements in Working Capital
Decrease in Inventories	383.22	1,032.79
Decrease in Trade Receivables and Other Advances	809.65	2,080.63
Decrease in Trade Payables, Other liabilities	(3,036.50)	(7, 208.87)
	(1,843.63)	(4,095.45)
Cash Generated from Operations	2,722.46	163.34
Income taxes refund/ (paid) (net)	(462.02)	192.81
Net cash generated from Operating Activities	2,260.44	356.15
Cash flow from Investing Activitiesв
Purchase of PPE and Other Intangible Assets	(973.59)	(172.21)
Increase/ (Decrease) in Capex Payable		30.00
Sale of Investments	523.99
Loans/ Advances repaid from Subsidiaries	2,021.99	925.53
Interest received	130.13	645.90
Fixed deposits with Banks	(109.99)	(78.51)
Net cash generated from Investing Activities	1,592.53	1,350.71
Cash flow from Financing Activitiesс
Proceeds/ (Repayment) of Long-Term Borrowings (net)	(1,560.16)	997.83
Repayments of Short-Term Borrowings (net)	(942.04)	(216.58)
Repayment of Lease Liabilties	(473.67)	(582.27)
Buyback of Equity Shares		(1,015.13)
Dividend and Dividend Distribution Tax	$\overline{\phantom{0}}$	(459.72)
Interest paid	(1, 247.36)	(1, 107.49)
Net cash used in from Financing Activities	(4, 223.23)	(2, 383.36)
D Net Decrease in Cash and Cash Equivalents (A+B+C)	(370.26)	(676.50)
Cash and Cash Equivalents at beginning of year	802.71	1,479.21
E Sash and Cash Equivalents at end of period	432.45	802.71

utions Limited

HOISH

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

+91 22 4040 7070+91 22 4040 7080 phone fax

Notes to the Standalone FinanciaIResults

• Other Income include foreign exchange (gain)/ loss of INR (21.95) Lakhs and INR 151.2 Lakhs for the quarter and year ended 31/03/2021 respectively (Quarter and year ended 31/03/2020: INR (190.22) Lakhs and INR (293.90) Lakhs respectively)
• 4 The Company has transferred it's holding in Cyberinc Corporation Inc, USA (9,27.673 Series A Preferred stocks and 6,95,00,000 Common stocks) to Aurionpro Solutions Pte Limited (Wholly Owned Subsidiary), Further Aurionpro Solutions Pte Ltd has divested the entire stake to Forecepoint LLC based on approval from the Audit Committee and the Board of Directors in their respective meetings held on 06th May,2021. The approval pursuant to Regulation 24(5) of SEBI(LODR) Regulations, 2015 is in the process of being sought from the shareholders through postal ballot. Accordingly, the investment in Cyberinc Corporation Inc, USA has been measured at fair value in the financialstatements of the Company in accordance with Ind AS 105 - 'Non-Current Assets Held for Sale and Discontinued Operations'. The effect of fair valuation of INR 3.903.40 Lakhs has been included in the exceptionalitems.
• 5 Software development and other related expenses include purchase of material and license of INR 1,136.48 Lakhs and INR 3,268.02 Lakhs for the quarter and year ended 31/03/2021 respectively. (Quarter and year ended 31/03/2020; INR 631.64 Lakhs and INR 7,967.67 Lakhs respectively)
• 1. As required under Ind AS 115 "Revenue from Contracts with Customers", unbilled revenue is accounted on estimate basis in respect of contracts where the contractualright to consideration is based on completion of contractual milestones as confirmed by the technical team.
• 7 In the wake of economic uncertainties and the disruptions caused due to COVID-19 pandemic, the Board of Directors felt that it would be prudent to conserve our resources in order to meet unforeseen contingencies. Therefore, the Board of Directors does not recommend any dividend for the Financialyear 2020-21
• 8 The Company has examined the possible effects that may arise from the COVID-19 pandemic on the carrying amounts of receivables, unbilled revenues, inventory, investments, right of use assets and intangible assets. While estimating the possible future uncertainties in the global economic conditions because of this pandemic, the Company, has used internaland externalsources of information including credit reports, economic forecasts and consensus estimates from market sources. The Company has carried out sensitivity analysis on the assumptions used and based on current estimates, expects that the carrying amounts of the aforementioned assets will be realized. The mpact of COVID-19 on the Company's financialresults may differ from that estimated as at the date of approvalof these financial results.
• Ind AS 108 operating

Aurionpro Solutions Limited Synergia IT Park. Plot No. R-270. T T.C. Industrial Estate. Gautam Nagar 'gear Rabble Police Station. Rabal© 'y.ivih:lu'tubal 401) 701 faIN - INDIA

phone +91 22 4040 7070

fax +91 22 4040 7080 www.aunonpro.com pr

• 10 The Indian Parliament has approved the Code on Social Security, 2020 which would impact the contributions by the Company towards Provident Fund and Gratuity. The effective date from which the changes are applicable is yet to be notified and the final rules are yet to be framed. The Company willcarry out an evaluation of the impact and record the same in the financial statements in the period in which the Code becomes effective and the related rules are published
• 1. The figures for the earlier periods have been regrouped / reclassified wherever necessary to make them comparable with those of the current period.
• 1. The figures for the quarter ended 31/03/2021 & 31/03/2020 are the balancing figures between the audited figures in respect of the fullfinancialyear 2020-21and 2019-20 and the published unaudited year to date figures up to the third quarter ended 31/12/2020 & 31/12/2019 respectively
• 1. The Statutory Auditors of the Company have conducted audit of the standalone financial results for the year ended 31/03/2021 pursuant to the requirement of Regulation 33 of the DEBI(LODR) Regulations, 2015 and have given an unmodified opinion in their report.
• 14 The standalone financialresults for the year ended 31/03/2021 have been extracted from the audited standalone financial statements prepared in accordance with the Indian Accounting Standards (Ind-AS) as prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and relevant amendment rules issued thereafter. These standalone financialresults have been reviewed by the Audit Committee and thereafter approved by the Board of Directors at their respective meetings held on 28/05/2021

For Aurionpro Solutions Limited

Amit Sheth Co-Chairman and Director

Place: Navi M umbai Date: 28/05/2021

Aurionpro Solutions Limited Synergia IT Park. Plot No. R-270. TT.C. Industrial Estate. Gautam Nagar Near Rabale Police Station. Rabale. N.lvlFuluRlb81- 400 701 hIH - INDIA

phone +91 22 4040 7070 fax +91 22 4040 7080

:a u rtonpro .co m www,aunonpro.com N L99999bIHlq97PLCla16

CHOKSHl& CHOKSHILLP

Chartered Accountants

NDEPENDENT AUDITOR'S REPORT

To the Board of Directs )f Aurionpro Solutions Limited

Report on the Audit of the Sti idalone FinanciaIResults

op

We have audited the accompanying standalone annualfinancialresults of Aurionpro Solutions Limited('the Company '), for the quarter and year ended 31.03.2021 ('the standalone financial results'), attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the DEBI (Listing Obligations and Disclosure Requirements) Regulations, 201S, as amended ('Listing Regulation ')

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid standalone financialresults:

• a) are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
• b) gives a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards (Ind AS) and other accounting principles generally accepted in India, of net loss and other comprehensive Income and other financialinformation of the Company for the year ended 31.03.2021

B s for Op

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013 ('the Act '). Our responsibilities under those Standards are further described in the 'Auditor's Responsibilities for the Audit of the Standalone FinanciaIResults' section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India jiCAt) together with the ethical requirements that are relevant to our audit of the standalone financial results under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our opinion.

Responsibilities of Those Charged with Governance for the Standalone FinanciaIResults

These standalone financial results have been prepared on the basis of the standalone annual financial statements. The Company's Management and Board of Directors of the Company are responsible for the preparation and presentation of these standalone financial results that give a true and fair view of the net loss and other comprehensive income and other financialinformation of the Company in accordance with the recognition and measurement principles laid down in Ind AS prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internalfinancialcontrols, that were operating effectively for ensuring the accuracy and completeness of the accounting records that give a true and fair view and are free from materialmisstatement, whether due to fraud or error, which have been used for the purpose of preparation of the standalone financialresults by the Board of Directors of the Company, as aforesaid.

In preparing the standalone financialresults, the Management and the Board of Directors are responsible for assessing the ability of the Company to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do sa

The Board of Directors is responsible for 'seeing the financialreporting process of the Company

Auditor's Responsibilities for the Audit of the Standalone FinanciaIResults

Our objectives are to obtain reasonable assurance about whether the standalone financialresults as a whole are free from materia misstatement, whether due to fraud or error, and to issue an auditors' report that includes our opinion. Reasonable assurance is a high }f assurance, but is not a guarantee that an audit conducted in accordance with SAs willalways detect a materialmisstatement when exists. Misstatements can arise from fraud or error and are considered materialif, individually or in the aggregate, they could reasonably be expected to influence the economic decisions af users taken on the basis of these standalone financialresults.

''i:©.'-:'':' ikshi& CI)oksl)i LLP is a Limited Liability Partnership with LLT' Registration No. AAC-8909 Ragha\ji'B ' BIDE.. Ground lloor. RaghaqiRoad. (iowalia link. Oll' Kcmps Comer, Nlu Tel.: i91-22-2383 6900 : Fax ; +91-22-2383 6901 ; Wcb: wxx,u,.cllokshiandchokshi.com E-mail; contact@cllokshiandchokshi.com ibai-4 00036

CHOKSHl& CHOKSHILLP

Chartered Accountants

As part of an audit We also dance with SA: ise profs idgment and it profess ialscepticism throughout the audit

• Identify and assess the risks of materialmisstatement of the standalone financialresults, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a materialmisstatement resulting from fraud is higher than for one resulting from error, as fraud may inxrolve collusion, forgery, intentionalomissions, misrepresentations, or the override of internalcontro
• Obtain an understanding of internalcontrolrelevant to the audit in order to design audit procedures that are appropriate in the imstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion through a separate report on the complete set of standalone financial statements on whether the company has adequate internal financial controls with reference to standalone financialstatements in place and the operating effectiveness of such controls.
• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Management and the Board of Directors.
• Conclude on the appropriateness of the Management and Board of Directors use of the going concern basis of accounting and. based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Company to continue as a going concern. If we conclude that a materialuncertainty exists, we are required to draw attention in our auditors' report to the related disclosures in the standalone financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.
• Evaluate the overallpresentation, structure and content of the standalone financialresults, including the disclosures, and whethe the standalone financialresults represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance of the Company regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internalcontrolthat we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethicalrequirements regarding ndependence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our bdependence, and where applicable, related safeguards.

Other Matters

The standalone financial results include the results for the quarter ended 31.03.2021, being the balancing figures between the audited figures in respect of the fullfinancialyear and the published unaudited year to date figures upto the third quarter of the current financia year which were subject to limited review by us.

For CHOKSHl& CHOKSHI LLP Chartered Accountants Firm Reg. No. 101872W/W10004S

Vineet Saxena Partner

M. No. 100770 UDIN 21100770AAAAF18544

Place: Navi Mumb Date: 28.05.2021

Chokshi& CI)okshi LLP is a Limited Liability Partnership with LLP Registration No. AAC-8909 Regd. Office: 15/17, Raghavji'B ' Bldg.. Ground Floor. Ragha:jiRoad, Gowalia Tank, Oft'Kemps Corner. Ntumbai-400036 I'el.: +91-22-2383 6900 : Fax : .t 91-22-2383 6901 ; Web: www.chokshiandchokshi.coRI E-mail: contact@chokshiandchokshi.com

Aurionpro Solutions Limited

Statement of Audited Consolidated Financial Results for the Quarter and year ended March 31, 2021

	(Rs.in lakhs)
			Quarter ended			Year ended
SrNo.	Particulars	31-Mar-21	31-Dec-20	31-Mar-20	31-Mar-21	31-Mar-20
		Audited	Unaudited	Audited	Audited	Audited
1	Income
	(a) Revenue from Operations	11,016.94	10,100.52	11,022.91	37,401.77	46,976.08
	(b) Other Income	99.80	66.85	410.25	297.45	978.79
	(c) Total Income $[(a) + (b)]$	11,116.74	10,167.37	11,433.16	37,699.22	47,954.87
2	Expenses
	(a) Software, Hardware and Other Material Cost	3,884.39	3.184.17	4,285.12	10,791.45	17,992.00
	(b) Change in Inventories of Raw Materials,Finished Goods and Stock-in-Trade	(183.40)	112.48	2.59	63.70	764.94
	(c) Employee Benefits Expense	3,963.59	3,853.71	3,719.51	14,978.15	14,920.55
	(d) Finance Costs	375.09	394.94	467.52	1,579.78	1,822.42
	(e) Depreciation and Amortisation Expense	11,318.72	883.68	1,291.24	13,939.06	3,968.75
	(f) Other Expenses	976.46	685.97	1,235.32	3,191.97	4,849.15
	(g) Total Expenses [(a) to (f) ]	20,334.85	9,114.95	11,001.30	44,544.11	44,317.81
3	Profit/ (Loss) before Share of Profit of Associates,Exceptional Items and Tax [1 (c) - 2 (g)]	(9,218.11)	1,052.42	431.86	(6,844.89)	3,637.06
4	Share of Profit of Associates					40.78
5	Profit/ (Loss) before Exceptional Items and Tax [3+4]	(9, 218.11)	1,052.42	431.86	(6,844.89)	3,677.84
6	Exceptional Items (Refer Note no. 6)	4,618.37			4,618.37
7	Profit / (Loss) before Tax [ 5-6 ]	(13,836.48)	1,052.42	431.86	(11, 463.26)	3,677.84
8	Tax Expenses
	(a) Current Tax	495.13	102.91	232.57	738.95	428.21
	(b) Deferred Tax Charge/ (Credit)	(474.46)	23.11	(170.53)	(445.66)	(169.46)
9	Profit/ (Loss) after Tax from continued Operations	(13, 857.15)	926.40	369.82	(11, 756.55)	3,419.09
	$[7 - 8]$
10	Profit/ (Loss) before Tax from Discontinued Operations	(7, 202.82)	(78.00)	(71.00)	(7, 443.82)	(249.99)
11	Tax Expenses of Discontinued Operations
12	Profit/ (Loss) after Tax from Discontinued Operations$[10 - 11]$	(7, 202.82)	(78.00)	(71.00)	(7, 443.82)	(249.99)
13	Other Comprehensive Income (Net of Tax)	273.20	10.10	(7.41)	274.29	(25.75)
14	Total Comprehensive Income for the period [9+12+13]	(20, 786.77)	858.50	291.41	(18,926.08)	3,143.35
15	Profit/ (Loss) for the period attributable to(a) Equity holders of the company	(14, 187.84)	860.65	641.64
	(b) Non Controlling Interest	(6, 872.13)	(12.25)	(342.82)	(12, 194.87)(7,005.50)	3,193.09(23.99)
	16 Total Comprehensive Income/ (Loss) attributable to
	(a) Equity holders of the company	(13, 914.64)	870.75	634.23	(11,920.58)	3,167.34
	(b) Non Controlling Interest	(6,872.13)	(12.25)	(342.82)	(7,005.50)	(23.99)
1718	Paid-up Equity Share Capital (Face Value of Rs. 10 each)Other Equity (excluding revaluation reserve)				31,366.70	52,059.92
19	Earnings per equity share (for continuing operation)
	- Basic and Diluted (In Rs.)	(52.75)	3.99	3.01	(43.69)	14.68
	Earnings per equity share (for discontinuing operation)
	- Basic and Diluted (In Rs.)	(9.48)	(0.21)	(0.19)	(9.79)	(0.68)
	Earnings per equity share (for continuing and
	discontinuing operation)- Basic and Diluted (In Rs.)
	Earnings per equity share for the quarter ended is not annualised.	(62.23)	3.77	2.81	(53.49)	14.00

See accompanying notes to the financial results

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

+91 22 4040 7070+91 22 4040 7080 phone

fax

info@aurionpro.com www.aurionpro.com CIN L99999MH1997PLC111637

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$(Rs$ in lakhe)

		(Rs. in lakhs)
Particulars	As at	As at
	31-Mar-21	31-Mar-20
A ASSETS	Audited	Audited
1 Non- Current Assets
(a) Property, Plant and Equipment
(b) Capital Work in Progress	5,467.28	6,195.93
(c) Right of use assets	1,340.66	484.52
(d) Goodwill	906.78	2,299.29
(e) Other Intangible Assets	6,588.57	6,594.21
(f) Intangible assets under Developments	1,348.27	16,607.70
(g) Financial Assets		12,913.47
(i) Investment	3,591.97
(ii) Other Financial Assets	1,241.27	4,169.18
(h) Non-Current Tax Assets (net)	812.01	1,347.80
(i) Deferred Tax Assets (net)	817.59	4,095.87
(j) Other Non Current Assets	71.58	906.12
Sub-total Non-Current Assets	22,185.98	218.5655,832.65
2 Current Assets
(a) Inventories	2,600.35	2,664.05
(b) Financial Assets
(i) Investments	$\blacksquare$
(ii) Trade Receivables	10,305.44	13,338.17
(iii) Cash and Cash Equivalents	2,217.04	2,001.48
(iv) Bank Balances other than (iii) above	1,639.80	1,229.87
(v) Other Financial Assets	6,324.39	7,499.93
(c) Other Current Assets	11,029.65	15,066.87
(d) Assets-held-for-sale	5,200.70
Sub-total Current Assets	39,317.37	41,800.37
Total Assets	61,503.35	97,633.02
B EQUITY AND LIABILITIES
1 Equity
(a) Equity Share Capital	2,280.02	2,280.02
(b) Other Equity	31,366.70	52,059.92
Equity Attributable to Owner's of the company	33,646.72	54,339.94
Non-Controlling Interest	311.82	8,755.37
Total Equity	33,958.54	63,095.31
$\overline{2}$Liabilities
Non Current Liabilities
(a) Financial Liabilities
(i) Borrowings	4,956.87	5,552.61
(ii) Lease Liability	402.57	1,698.08
(b) Other non current liabilities	994.67	1,014.45
(c) Provisions	440.58	518.55
Sub-total Non-Current LiabilitiesCurrent Liabilities	6,794.69	8,783.69
(a) Financial Liabilities
(i) Borrowings
(ii) Lease Liabilities	3,696.08	4,039.18
	630.37	767.21
(iii) Trade Payables
Due to Micro and Small Enterprise	60.75	17.22
Due to Other than Micro and Small Enterprise(iv) Other Financial Liabilities	5,351.99	7,765.28
(b) Other Current Liabilities	5,964.01	7,513.20
(c) Provisions	4,070.23	4,950.31
(d) Current Tax Liabilities (net)	455.20	504.28
	521.49	197.34
Sub-total - Current LiabilitiesTotal Equity and Liabilities	20,750.12	25,754.02
	61,503.35	97,633.02

$HO/$

Synergia IT Park, Plot No. R-270,TTC Industrial Estate. Gautam Nagar.Near Rabale Police Station. Rabale.Navi Mumbai - 400.701 MH - INDIA

+91 22 4040 7070+91 22 4040 7080 phone fax

info@aurionpro.com www.aurionpro.com CIN L99999MH1997PLC111637

aurionpr0 8

Notes to the Consolidated FinanciaIResults

1. Statement of Cash Flow

(Rs. in lakhs)

	Year ended
Sr. IParticuiars	31-Mar-21 1	31-Mar-20
	IAudited	Audited
ACash Flow from Operating Activities
Net profit/ (Loss) before tax (including discontinued operations)	(18,907.08)	3,427.85
Adjustments:
Depreciation and Amortisation Expenses	13 .939 .06	4,219.75
Interest Income	(155.04)	(485.03)
Interest Expenses	1,395.45	1,632.03
Bad debts	315.78	47.10
P rovision for doubtfuldebts	504.90	99.26
Loss on sale of Property, Plant and Equipment (PPE)	28.69	552.06
ESPS/ Stock option Plan		652.85
Other non cash exceptionalitems	4.618.37
Foreign exchange differences(Gain)/Loss(net)	978.07	(2,780.09)
Operating Profit before working capitalchanges	2,718.20	7,365.78
Movements in Working Capital
Decrease/(Increase)in Inventories	(8.56)	729.64
Decrease / (Increase) in Trade Receivables and Other Advances	5,074.92	792.23
(Decrease)/ Increase in Trade Payables. Other liabilities,	(2,160.56)	(5,824.58)
	2,905.80	(4,302.71)
Cash Generated from Operations	5,624.00	3,063.07
Income taxes refund/(paid)(net)	(708.29)	(870.01)
Net cash generated from Operating Activities	4,915.71	2,193.06
BCash flow from Investing Activities
Purchase of PPE and Other Intangible Assets	(966.66)	(5,466.86)
Purchase of Investment	130.03
Interest Received	143.83	485.03
Investment in Bank Fixed deposits	(303.40)	(209.48)
Net cash used in Investing Activities	(996.20)	(5,191.31)
CCash flow from Financing Activities
Proceeds/(Repayment) Long-Term Borrowings(net)	(1,240.91)	982.19
Proceeds/ (Repayment) of Short-Term Borrowings (net)	(343.10)
Repayment of Lease Liabitles	(863.32)	(925.09)
Buyback of Equity Shares		(1.015.13)
Proceeds from issue of equity shares (including security premium)		3,897.49
Dividend and Dividend Distribution Tax		(594.19)
Interest Paid	(1,256.62)	ll.l06.40)
Net cash generated/ (used in) from Financing Activities	(3,703.95)	1,476.64
D cnet(Decrease)/ Increase in Cash and Cash Equivalents(A+B+C)	215.56	(1,521.60)
E ICash and Cash Equivalents at beginning of year (D+E)	2,001.48	3,523.08
.%:gj1:9ignd Cash Equivalents at end of period	2,217.04	2,001

ons Limited Near Jovi Noun T Park. Plot No. R-27C Estate. Gautam Naq Rabble Police Station. Rat:

FH - INDO.

22 4040 707 4040 708

3. Segment Information

(Rs in lakhs)

	Particulars		Quarter ended	Year ended
Sr.No.		31-Mar-21	31-Dec-20	31-Mar-20	31-Mar-21	31-Mar-20
		Audited	Unaudited	Audited	Audited	Audited
$\mathbf{1}$	Segment Revenue
a	Information technologies andconsultancy services	5,081.13	7,839.65	9,272.08	27,376.23	33,216.71
$\mathbf b$	Sale of equipment and License	5,935.81	2,260.87	1,750.83	10,025.54	13,759.37
	Total $(a+b)$	11,016.94	10,100.52	11,022.91	37,401.77	46,976.08
$\mathbf{1}$	Segment Results
a	Information technologies andconsultancy services	3,910.98	6,285.71	5,835.12	22,075.93	24,840.39
$\mathbf b$	Sale of equipment and License	3,404.97	518.17	900.08	4,470.69	3,378.75
	Total $(a+b)$	7,315.95	6,803.88	6,735.2	26,546.62	28,219.14
Less:	Un-allocable expenses
	Employee benefits expense	3,963.59	3,853.71	3,719.51	14,978.15	14,920.55
	Finance costs	375.09	394.94	467.52	1,579.78	1,822.42
	Depreciation and amortisationexpenses	11,318.72	883.68	1,291.24	13,939.06	3,968.75
	Other expenses	976.46	685.97	1,235.32	3,191.97	4,849.15
Add:	Un-allocable income	99.80	66.85	410.25	297.45	978.79
Add:	Share of Profit of Associates					40.78
	Total profit before tax	(9, 218.11)	1,052.42	431.86	(6,844.89)	3,677.84

Assets and liabilities used in the Company's business are not identified to any of the reportable segment, as these are used interchangeably between segments. The Management believes that it is not practicable to provide segment disclosure relating to total assets and liabilities since a meaningful segregation of the available data is onerous.

• 1. The Company has consolidated financial results of all its subsidiary companies / joint ventures / associates as per Indian Accounting Standard 110- Consolidated Financial Statements.
• 1. Other income includes foreign exchange (gain)/loss of INR 268.51 Lakhs and INR 215.66 Lakhs for the quarter and year ended 31/03/2021 respectively. (Quarter and year ended 31/03/2020: INR (194.92) Lakhs and INR (233.36) Lakhs respectively).
• 1. The Company has transferred it's holding in Cyberinc Corporation Inc, USA (9,27,673 Series A Preferred stocks and 6,95,00,000 Common stocks) to Aurionpro Solutions Pte Limited (Wholly Owned Subsidiary), Further Aurionpro Solutions Pte Ltd has divested the entire stake to Forecepoint LLC based on approval from the Audit Committee and the Board of Directors in their respective meetings held on 06th May, 2021. The approval pursuant to Regulation 24(5) of SEBI (LODR) Regulations, 2015 is in the process of being

Aurionpro Solutions Limited

Synergia IT Park, Plot No. R-270. TTC Industrial Estate, Gautam Nagar, Near Rabale Police Station, Rabale. Navi Mumbai - 400 701. MH - INDIA

+91 22 4040 7070 phone +91 22 4040 7080 $\frac{2}{\sqrt{2}}$

info@aurionpro.com www.aurionpro.com CIN L99999MH1997PLC111637

sought from the shareholders through postal ballot. Accordingly, the investment in Cyberinc Corporation Inc, USA and other entities (Disposal group) engaged in Cybersecurity business have been measured at fair value in the financialstatements of the Company in accordance with Ind AS 105 - 'Non-Current Assets Held for Sale and Discontinued Operations'. The effect of fair valuation of INR 4,618.37 Lakhs has been included in the exceptionalitems.

7 The Company's standalone turnover. comprehensive income is as under: profit before tax. profit after tax and total

		Quarter Ended	Year Ended
Pa rticulars		3t/03/202tl31/12/2020 l3t/03/2020			3x/03/202i 1 3i/03/2020
	(Audited)	(Unaudited)	(Audited)	(Audited)	I(Audited)I
Turnover	5,703.67	5,329.29	6,038.09		19,170.65 1 28,543.58 1
Profit before tax	1 (3.020.88)	323.39	765.25		1,628.38
Profit after tax	(3,226.80)	201.49	596.25	(2,453.22)	1,028.60
TotalComprehensive	(2,944.97)	177.74	563.17	(2,226 48)	1944.06

• 8 As required under IND AS 115 "Revenue from Contracts with Customers", unbilled revenue is accounted on estimated basis in respect of contracts where the contractual right to consideration is based on completion of contractual milestones as confirmed by technical team
• 9 During the year. M/s. Integro technologies Pty Ltd and M/s. Aurionpro Future Solutions Pte Limited, Singapore step down subsidiaries of the Company closed down/struck off Accordingly, the Company has considered its investment aggregating to Rs 0.56 Lakhs in the above mentioned step down subsidiary as impaired and fully provided for.
• 10 The Group has examined the possible effects that may result from the COVID-19 pandemic on the carrying amounts of receivables, unbilled revenues, inventory, nvestments, right of use assets and intangible assets. While estimating the possible future uncertainties in the global economic conditions because of this pandemic, the Group, has used internal and external sources of information including credit reports, economic forecasts and consensus estimates from market sources. The Group has carried out sensitivity analysis on the assumptions used and based on current estimates, expects that the carrying amounts of the aforementioned assets will be realized. The impact of COVID-19 on the Group's financialresults may differ from that estimated as at the date of approvalof these financial results
• 1. The figures for the earlier periods have been regrouped/ reclassified wherever necessary to make them comparable with those of the current period
• 1. The figures for the quarter ended 31/03/2021 & 31/03/2020 are the balancing figures between the audited figures in respect of the fullfinancialyear 2020-21and 2019-20 and the published unaudited year ta date figures up to the third quarter ended 31/12/2020 & 3 1/12/2019 respectively

Aurionpro Solutions Limited ynergia IT Park, Plot No. R-270 T.T C Industrial Estate, Gautam Nagai Rabaie Police? Station. Ral A

phot fax 91 22 4040 7070 .g1 22 4040 7080 .99999hIHlq97PL

• 13 The Indian Parliament has approved the Code on Social Security, 2020 which would mpact the contributions by the Group towards Provident Fund and Gratuity. The effective date from which the changes are applicable is yet to be notified and the final rules are yet to be framed. The Group willcarry out an evaluation of the impact and record the same in the financialstatements in the period in which the Code becomes effective and the related rules are published
• 1. The management has decided to fully depreciate certain intangible assets in some of the overseas subsidiaries. As a result, thereof, accelerated depreciation amounting to INR l0,505.06 Lakhs has been charged during the quarter ended 31/03/2021
• 15 As per Regulation 33(3)(h) of the DEBI (LODR) Regulations, 2015, eighty percent of each of the consolidated revenue, assets and profits, respectively, needs to be covered under audit. In order to comply with this requirement, certain overseas subsidiaries are required to be covered as part of the audit. But due to COVID-19 pandemic, the audit of said subsidiaries is not conducted. Nevertheless, the above mentioned requirement has been covered to the required extent in respect of consolidated revenue and asset and 48.95 percent in respect of consolidated profit/(loss)
• 1. The Statutory Auditors of the Company have conducted audit of the consolidated financial results for the year ended 31/03/2021 pursuant to the requirement of Regulation 33 of the SEMI(LODR) Regulations, 2015 and have given an unmodified opinion in their report.
• 17 The consolidated financial results for the year ended 31/03/2021 have been extracted from the audited consolidated financial statements prepared in accordance with the Indian Accounting Standards (Ind-AS) as prescribed under Section 133 Of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and relevant amendment rules issued thereafter. These consolidated financial results have been reviewed by the Audit Committee and thereafter approved by the Board of Directors at their respective meetings held on 28/05/2021

PlaiiiTl\ravi Mumbai Date: 28/05/2021

For Aurionpro Solutions Limited

Amit Sheth

Co-Chairman and Director

Aurionpro Solutions Limited Synergia IT Park. Plot No. R-270. TTC IndustriaIEstate, Gautam Nagai Near Rabble Police Station. Rabzlle. 400 701 hIH - INDIA

phone +91 22 4040 7070 fax +91 22 4040 7080 www.aurlonpro.com

N L99999btHlq97PLCl11637 pro

CHOKSHl& CHoKSHILLP Chartered Accountants

INDEPENDENT AUDITOR'S REPORT

To the Board of Directors of Aurionpro Solutions Limited

Report on the Audit of the Consolidated FinanciaIResults

Opinion

We have audited the accompanying consolidated annualfinancialresults of Aurionpro Solutions Limited (hereinafter referred to as the 'Holding Company ') and its subsidiaries IHolding Company and its subsidiaries together referred. to as 'the Group '). ts associates, and joint ventures, for the quarter and year ended 31.03.2021 ('the consolidated financialresults') attached herewith, being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the DEBI(Listing Obligations and Disclosure Requirements) Regulations, 201S, as amended ('Listing Regulations')

n our opinion and to the best of our information and according to the explanations given to us, and based on the consideration of reports of other auditors on separate audited financial statements / financial information and management certified unaudited financialstatements/ financialinformation of subsidiaries, associates and joint ventures , the aforesaid consolidated financial resu lts:

• a) includes the annualfinancialresults of the entities as given in Annexure I to this report
• b) are presented in accordance with the requirements of Regulation 33 of the Listing Regulations, in this regard. read with Emphasis of Matter ' paragraph below; and
• c) gives a true and fair view in conformity with the recognition and measurement principles laid down in the applicable ndian Accounting Standards(Ind AS) and other accounting principles generally accepted in India, of net loss and other comprehensive income and other financialinformation of the Group for the year ended 31.03.2021

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing ISAs) specified under section 143j10jof the Companies Act, 2013 ('the Act'). Our responsibilities under those Standards are further described in the 'Auditor's Responsibilities for the Audit of the Consolidated FinanciaIResults' section of our report. We are independent of the Group, it's associates and joint ventures in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (ICAL) together with the ethicalrequirements that are relevant to our audit of the consolidated financialresults under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethicalresponsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us and other auditors in terms of their reports referred to in 'Other Matter' paragraph below, is sufficient and appropriate to provide a basis for our opinion.

Emphasis of Matter

We draw attention to,

• a) Note 14 of the consolidated financial results, in respect of accelerated depreciation charged by the Group on ntangible assets held by certain overseas subsidiaries in accordance with the management estimates
• b) Note 15 of the consolidated financialresults, which describe the extent of coverage of consolidated revenue, assets and profits pursuant to the requirement of Regulation 33(3)Ihjof Listing Regulations.

Our opinion is not modified in respect of this matter

Responsibilities of Those Charged with Governance for the Consolidated FinanciaIResults

These consolidated financial results have been prepared on the basis of the consolidated annualfinancialstatements. The Holding Company's Management and Board of Directors are responsible for the preparation and presentation of these consolidated financialresults that give a true and fair view of the consolidated net loss and other comprehensive income and other financialinformation of the Group including its associates and joint ventures in accordance with the recognition and principles laid down in Ind AS prescribed under Section 133 of the Act read with relevant rules issued thereunder

('hnkshi & ('hnkshi utecll.iabilit} I'imnership with LI.P Registration No. AAC-8909 15r17, Ragha\ji'B ' Bltlg., Ground Floor, Raghaxlji Road, Gowalia I'ank, OtT Romps Corner, Nlumbai-400036 91-22-2383 6900 ; Fax : +91-22-2383 6901 : \h'eb: ww t-.cl)okshiantlchokshi.chill contact &.chctkshiHndchokshi. com .P is a I.in E-mail

.L

CHOKSHl& CHoKSHILLP

Chartered Accountants

and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The respective Management and Board of Directors of the companies included in the Group and of its associates and joint ventures are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Group and its associates and joint ventures and for preventing and detecting frauds and other rregularities; selection and application of appropriate accounting policies; making judgments and estimates that are easonable and prudent; and design, implementation and maintenance of adequate internalfinancialcontrols, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the respective financialresults that give a true and fair view and are free from materialmisstatement, whether due to fraud or error. which have been used for the purpose of preparation of the consolidated financial results by the Management and Directors of the Holding Company, as aforesaid

In preparing the consolidated financialresults, the respective Management and Board of Directors of the companies included n the Group and of its associates and joint ventures , are responsible for assessing the ability of the Group and of its associates and joint ventures to continue as a going concern. disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so.

The respective Board of Directors of the companies included in the Group and of its associates and joint ventures are responsible for overseeing the financialreporting process of the Group and of its associates and joint ventures.

Auditor's Responsibilities for the Audit of the Consolidated FinanciaIResults

Our objectives are to obtain reasonable assurance about whether the consolidated financialresults as a whole are free from materialmisstatement. whether due to fraud or error. and to issue an auditors' report that includes our opinion. Reasonable assurance is a high levelof assurance, but is not a guarantee that an audit conducted in accordance with SAs willalways detect a materialmisstatement when it exists. Misstatements can arise from fraud or error and are considered materialif, individually orin the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financialresults.

As part of an audit in accordance with SAs, we exercise professionaljudgment and maintain professionalscepticism throughout the audit. We also

• Identify and assess the risks of material misstatement of the consolidated financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a materialmisstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internalcontrol
• Obtain an understanding of internalcontrolrelevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143j31(ijof the Act. we are also responsible for expressing our opinion through a separate report on the complete set of consolidated financialstatements on whether the companies forming part of the Group, its associates and joint ventures, incorporated in India have adequate internalfinancialcontrols with reference to consolidated financialstatements in place and the operating effectiveness of such controls.
• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Management and the Board of Directors
• Conclude on the appropriateness of the Management and Board of Directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a materialuncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group and its associates and joint ventures to continue as a going concern. If we conclude that a materialuncertainty exists, we are required to draw attention in our auditors' report to the related disclosures in the consolidated financialresults or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group and its associates and joint ventures to cease to continue as a going concern

('hoksl)i& C'hokshi LLP is a Linlitcd Liability, I'aitncrsltip with LLI' Registration No. AAC-8909 c: 15 17 Ragha.ii'r3; Blttg.. Ground Floor RaphaxijiKoad. (iclwaiia rank. otl Kcmps Corner. Nlumbai-40003b I'e1.: +91-22-2383 6900 ; 1ax : +91-22-2383 6901 ; Web: ww E-mail: contact ikshi.CORD

CHOKSHl& CHoKSHILLP

Chartered Accountants

• Evaluate the overallpresentation, structure and content of the consolidated financialresults, including the disclosures. and whether the consolidated financial results represent the underlying transactions and events in a manner that achieves fair presentation.
• Obtain sufficient appropriate audit evidence regarding the consolidated financialresults / financialinformation of the entities within the Group, its associates and joint ventures to express an opinion on the consolidated financialresults We are responsible for the direction, supervision and performance of the audit of the financial information of such entities included in the consolidated financialresults of which we are the independent auditors. for the other entities included in the consolidated financialresults, which have been audited by the other auditors, such other auditors remain responsible for the direction, supervision, and performance of the audits carried out by them. We remain solely esponsible for our opinion

We communicate with those charged with governance of the Holding Company and such other entities included in the consolidated financialresults of which we are independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internalcontrolthat we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethicalrequirements regarding independence, and to communicate with them allrelationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(81 of the Listing Regulations, as amended, to the extent applicable

Other Matters

ja) The consolidated financialresults include the audited FinanciaIResults of subsidiaries, and a joint venture. whose nancialstatements / financial results / financialinformation reflect Group's share of totalassets of Rs.88,358.66 akhs as at 31.03.2021, Group's share of totalrevenue of Rs.14,101.59 lakhs and Rs. 38,642.10 lakhs and Group's share of total net profit/(loss) after tax of Rs. 9,548.25 lakhs and Rs. l7,604.6S) lakhs for the quarter and year ended 31.03.2021 respective]y, and net cash outf]ow amounting to Rs. 678.84 ]akhs for the year ended 3]..03.2021, as considered in the consolidated financialresults, which have been audited by their respective independent auditors. The independent auditors' reports on financialstatements/ financialresults/ financialinformation of these entities have been furnished to us and our opinion on the consolidated financialresults, in so far as it relates to the amounts and disclosures included in respect of these entities, is based solely on the report of such auditors and the procedures performed by us are as stated in paragraph above.

Of the subsidiaries and ajoint venture referred to above, in respect of eighteen subsidiaries and ajoint venture, their financialresults have been prepared in accordance with accounting principles generally accepted in the respective countries of incorporation and the Holding Company's Management has converted these financial results from accounting principles generally accepted in the respective countries to accounting principles generally accepted in India. These financialresults are prepared from Ind AS converted financialstatements certified by an independent chartered accountant.

(bl The consolidated financialresults include the unaudited FinanciaIResults of subsidiaries, whose financialstatements / financialresults / financialinformation reflect Group's share of totalassets of Rs.18,846.56 lakhs as at 31.03.2021. Group's share of totalrevenue of Rs.211.16 lakhs and Rs.3,525.74 lakhs and Group's share of totalnet loss after tax of Rs.8,432.85 lakhs and Rs.8,505.11lakhs for the quarter and year ended 31March 2021respectively, and net cash nflows amounting to Rs. 100.41 lakhs for the year ended 31.03.2021, as considered in the consolidated financia results. These unaudited financialstatements/ financialresults/ financialinformation have been furnished to us by the Board of Directors and our opinion on the consolidated financialresults, in so far it relates to the amounts and disclosures included in respect of these subsidiaries, associates and joint ventures is based solely on such unaudited financialstatements/ financialresults/ financialinformation

Office: I & Chokshi LLI' is a LimitctILiabilit} Partnership with LLI' Registration No. AAC-8909 Rughaqi 'B ' Blog., (;round Floor, Raghavji Road, GciwQliu Tank. OI'l' temps Corner, Nlumbai-4(W036 91-22-2383 6900 imax : +91-22-2383 6901 = Wcb: www.chokshiantlct)okslli.com E-mail: contact⑩:chokshianclchoksl)i.com

3

CHOKSHl& CHOKSHILLP Chartered Accountants

Of the subsidiaries referred to above, in respect of eight subsidiaries, their financialresults have been prepared in accordance with accounting principles generally accepted in the respective countries of incorporation and the Holding Company's Management has converted these financialresults from accounting principles generally accepted in the respective countries to accounting principles generally accepted in India. These financialresults are prepared from Ind AS converted financialstatements certified by an independent chartered accountant. In our opinion and according to the information and explanations given to us by the Board of Directors, these financialstatements/ financialresults / financialinformation are materialto the Group

Our opinion on the consolidated financialresults is not modified in respect of the above matters as per para (a) and jb) above, inter-a//a with respect to our reliance on work done and the reports of the other auditors and the unaudited financialresults / financialinformation certified by the Board of Directors.

lc) The consolidated financialresults include the results for the quarter ended 31.03.2021, being the balancing figures between the audited figures in respect of the fullfinancialyear and the published unaudited year to date figures upto the third quarter of the current financialyear which were subject to limited review by us.

For CHOKSHl& CHOKSHILLP Chartered Accountants Firm Reg. No. 101872W/W100045

Vineet Saxena Pa rtner M. No. 100770 ':-::!:,#'' ODIN - 21100770AAAAFJ4677

Place: Navi Mumba Date: 28.05.202 1

4

Chokshi& ('hokshi LLP is a Limited Liability Partnership with LLP Registration No. AAC-8909 Reed. OfHlcc: 15/17- Ragha\ji'B ' BIDE., Ground Fltnr. Raghaqi Road. Gowalia Tank. Oll Romps Comer, Nlumbai-400036 I'el.: +91-22-2383 6900 : Fax : ] 91-22-2383 6901 ; Web: www.chokshiandchokshi.c E-mail; contact@lchokshiandchokshi.com

CHOKSHl& CHOKSHILLP

Chartered Accountants

Annexure lto the Indeoendent Auditor's Report

Audited Consolidated FinanciaIResults for the year ended 31.03.2021 includes results of the following entities

• l Aurionpro Solutions Limited IHolding Companyl
• 1. Cyberlnc Corporation, USA
• 1. AurofidelOutsourcing Limited
• 1. PT Aurionpro Solutions, Indonesia
• 1. Aurionpro Solutions Pte. Ltd, Singapore
• 1. Servopt Consulting Pvt. Ltd
• 1. Intellvisions Solutions Pvt. Ltd
• 1. Intellvisions Software LLC, UAE
• 1. SC SOFT Technologies Pvt. Ltd
• 1. SENA Systems Pvt. Ltd
• 11 Spike INC
• 1. Aurionpro Solutions PLC, UK
• 1. Aurionpro Solutions PW Ltd, Australia
• 1. Integra Technologies Pte.Ltd, Singapore
• 1. Integro Technologies SDN. BHD Malaysia
• 1. Integra Technologies Co. Ltd., Thailand
• 1. Aurionpro Market Systems Pte. Limited Singapore
• 1. Integro Technologies IVietnam) Limited Liability Company
• 1. Integrosys Corporation, Philippines
• 1. SC Soft Pte.Ltd, Singapore
• 21 Shenzhen SC Trading Co. Ltd
• 1. SC SOFT SDN BHD, Malaysia
• 1. Extrabox Pte. Ltd
• 1. Neo BNK, Singapore
• 1. Aurionpro Solutions (Africa) Ltd., Kenya
• 26 Aurionpro Fintech INC
• 1. Aurionpro Holding Pte. Ltd Singapore