Aurionpro Solutions Ltd. — Annual Report 2021

May 28, 2021

aurionpr0 8

28th May 2021

To

Deptt. of Corporate Services- Listing NationalStock Exchange of India Limited Exchange Plaza, Plot no. C/I, G Block, Bandra-Kurla Complex, Bandra(E) Mumbai - 400051

SUB: AUDITED (STANDALONE &.CONSOLIDATED) FINANCIAL, RESULTS FOR THE YEAR ENDED 31ST MARCH 2021 ALONG WITH AUDITORS.REPQR'L

Dear Sir/Madam

Pursuant to Regulation 33 of the DEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, kindly find enclosed herewith Audited (Standalone & Consolidated) Financia Results for the year ended 31st 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 financial results for the year ended 31st March, 2021

For Aurionpro Solutions Limi

Nin'ad 'l<el kar Company Secreta ry

Aurionpro Solutions Limited

Synergia IT Park. Plot No. R-270. ihi -91 22 4040 7070 pro T.T.C. Industrial Estate. Gautam Nagar fax 91 22 4040 7080 rww.aurionpro.com Near Rabale Police Station. Rabble. N L99999bIH1997PLCl11637 ravi \4tirlbal. 400 701 NIH - INDIA

aurionpro i

Aurionpro Solutions Limited

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

	Particulars	31 Mar.21	31 Dec-20	31-Mar-20	31-Mar.21	]l-Mar-20
		Audited	Unaudited		Allditnd
	Income
	la) Revenue from Operations	5.703 67	5329 29	6.038.09	19.170 65	28.543 58
	tb) Other Income	108.63	5987	394.23
	[c) Tatalincome [ (a) + (b) ]	5.812.30	5.389 1 6	6 432.32
2	Expenses
	ra} Software.Ha 'dware a ia Other MaterialCosl
	jb) Change in inventories or Raw Materials
	Finished Goods ald Stock in-Trade
	(c) Employee Benefits Expense
	(d) Finance Costs
	re) De)reciation and Amortization Expense
	If) Other Expenses
	[gjTataiExpenses [ (a) to (f) ]	4.929.7B	5.065.77	5 667.07
3	Profit/ (Loss) before Exceptionalltems and Tax I fc) 2	882.52	323.39	765.25	1.942.56	1.628.38
4	Exceptlonalltems (Refer Note No.4}	3.903.40			3 g03 40
5	Profit / (Lass) before Tax [ 3 4 ]	r3.020.88)	323.39	765.25
6	Tax Expenses
	(a) Current Tax lb) Deferred Tax Charge/ (Credit)	150 2g		4267	354.12	520 85
7	Profit (Loss) after Tax [ 5 - 6 ]	[3,226.eo)	201.49	596.25
	Other Comprehensive Income (net of tax	281 83	r2374)	f3308)
9	TotalComprehensive Income for the period 7+8	l2,944.9r)	177.74	563.17	[2.226.48)	944.06
10	Paid-up Equity Sha'e Capital(Face Value of Rs. lO each)	2.280.02	2.280.02	2.280.02	2.280.02	2.280.02
11	C)then Equity(Excluding Revaluation Reserve)				19.110.78	21.337.26
12	Earnings per eau share
	Basic rRs )	r14.15}	0 88
	Diluted (Rs	r14.15)	0 88
Earnings per equity share for the quarter is not annualised
See	aQDenpaRYinq notes to the financialresults

phone 91 22 4040 7070 pro.cc fax .91 22 4040 708C www.aunonpro.eom .g999qF.qHl99vPLCI ' ' 6

Au ipro Solutions Limited

Synergia IT Park. Plot No. R-270. T.T C Industrial Estate. Gautam Nagai Near Rabble Police Station. Rabale N.lv! f.lunlbai. 400 701. 1\IH - INDIA

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1. Statement of Assets and Liabilities

1. Statement of Assets and Liabilities			(Rs. in lakhs)
	Particulars		As at
			31-Mar-20
			Audited
AIASSETS
lINon- Current Assets
(a) Property. Plant and Equlpr		4.341.79	4,856.26
(b) CapitalWork in Progress		1. 340 .66	484.52
lc) Right of Use Assets		327.79	1.122.40
(d) Intangible Assets		1,335.41	1,490.18
(e) Financial Assets
(i) Investments			14 .477, 55
(ii) Other FinanciaIAssets			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
(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 FinanciaIAssets		3,077.31	5,925.11
(c) Other Current Assets		3,934.13	2.797.34
11 Id) Assets-held- for-sale TotaIAssets	Sub-totalC urrent Assets	4,467.03 26,311.04 41,679.76	25,455.85 50,532.91
BIEQUITY AND LIABILITIES
I IEquity
I(a) Equity Share Capital			2 ,280.02
I(b) Other Equity			21.337.26
ITotaIEquity			23,617.28
LIABILITIES
2INon 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-totaINon-Current Liabilitiesl	6,152.51	7,809.07
Current Liabilities
(a) Financial Liabilities
(i) Borrowings		2.477.57	3.419.61
(ii) LeaseLiabilities		252.62	434.10
(iii) Trade Payables
Due to Micro and SmalIEnterprise		60.75	1.59
Due to Other than Micro and SmalIEnterprise		4,907.12	6.541.15
(iv) Other FinanciaILiabilities		4,610.75	6.408.01
(b) Other Current Liabilities		1.451.75	1,931.23
(c) Provisions		375.89	370.87
	Sub-totalCurrent Liabilities		19.106.56
uity and Liabilities			50,532.q3fr SoJ

FRN.

W .100045.

nonprg Synergia IT Park. Plot No. R-270. hone 91 22 4040 7070 infopaurionpro.com \ ;9.\ TTC Industrial Estate. Gautam Nazi fax gl 22 4040 7080 www.aurionpro.cor;k.4.' Near Rabcale Police Station. Rat)a iH199ZPt::Qg 16P

NIH - INDIA

aurionpro 8:

Notes to the Standalone FinanciaIResults	Notes to the Standalone FinanciaIResults
2. Statement of Cash Flow			(Rs.in lakhs)
r	)articulars	Year ended
		31-Mar-21	31-Mar-20
		Audited	Audited
	:ash Flow from Operating Activities
	qet profit/ (loss) before tax	t1,900.84)	1.62B.38
	\cljustments : )epreclation and amortization expenses	1.123 68	1.469.26
	nterest Income	(246 96)	1652.41)
	nterest expenses 3ad debts	1.288.79 154.64	1.462.95 /.09
	Provision for doubtfuldebts	123.50	r5.36
	Loss on sa]e of Property. P]ant and Equipment (PPE]	28.68	552.06
	Foreign exchange(Gain)/ Loss(net)	151.20	1293.90)
	Other non cash exceptionalitems Operating Profit before working capitalchanges	3.903 40 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. Otherliabilities	(3.036 50)	(7.208.87)
		ll,043.631	[4,095.45)
	Cash Generated from Operations	2.722.46	163.34
	Income taxes refund/(paid)(net)	(462.02)	92.81
	Net cash generated from Operating Activities	2.260.44	356.15
B	Cash flow from Investing Activities
	Purchase of PPE and Other Intangible Assets	(973 59;	(172 21)
	Increase/ (Decrease) in Capex Payable		3000
	Sale of Investments Loans/ Advances repaid tram Subsidiaries	523.99 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
C	Cash flow from Financing Activities
	Proceeds/ (Repayment) of Long-Term Borrowings (net)	(1.560.16	997.83
	Repayments af Shan-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		(459.72:
	Interest paid	(1.247.36	(1.10749=
	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
	sh and Cash Equivalents at end of period	432.45	802.71

aurionpro 8

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)

• 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

Synergia IT Park. Plot No. R-270. phone +91 22 4040 7070 pr T T.C. Industrial Estate. Gautam Nagar fax +91 22 4040 7080 www.aunonpro.com 'gear Rabble Police Station. Rabal© 'y.ivih:lu'tubal 401) 701 faIN - INDIA

Aurionpro Solutions Limited

aurionpro &

• 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

• The figures for the earlier periods have been regrouped / reclassified wherever necessary to make them comparable with those of the current period.

• 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

• 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

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

For Aurionpro Solutions Limited Amit Sheth Co-Chairman and Director

Synergia IT Park. Plot No. R-270. phone +91 22 4040 7070 :a u rtonpro .co m TT.C. Industrial Estate. Gautam Nagar fax +91 22 4040 7080 www,aunonpro.com Near Rabale Police Station. Rabale. N L99999bIHlq97PLCla16 N.lvlFuluRlb81- 400 701 hIH - INDIA

Aurionpro Solutions Limited

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-8909Ragha\ji'B ' BIDE.. Ground lloor. RaghaqiRoad. (iowalia link. Oll' Kcmps Comer, Nlu

Ragha\ji'B ' BIDE.. Ground lloor. RaghaqiRoad. (iowalia link. Oll' Kcmps Comer, Nlu ibai-4 00036 Tel.: i91-22-2383 6900 : Fax ; +91-22-2383 6901 ; Wcb: wxx,u,.cllokshiandchokshi.com E-mail; contact@cllokshiandchokshi.com

CHOKSHl& CHOKSHILLP Chartered Accountants

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

• 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 8

Aurionpro Solutions Limited

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

						lns	in }akhs
			Quarter ended		Year	ended
	Particulars	31 Mar 21	31-Dec 20	31-Mar-20	31 Mar 21	31 Mar-20
		Audited	Unaudited	Audited	Audited	Audited
	ncome
	la) Revenue from Operations	11 016 94	10 ia0 52	11.022 91	37.401.77	46 976 08
	lb) Otherlncame	9980	66.85	41025	297.45		97879
	tc) Tota[[ncome [ (a) + (b) ]	11.116.74	lO.167.37	11.433.16	37.699.22	47.954.87
	Expenses
	(a) SoKware. Hardware and Other MatenalCosl
	(b) Cha lge in Inventor es of Raw Materials
	Perished Goods and Stock in Trade
	tc) Emp oyee Benefits Expense
	(d) Finance Casts
	je) Depreciation and Amonisation Expense
	lO Other Expenses
	Cg) TQtaIExpenses [ (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. Exceptionalltems and Taxrl (c) - 2	(9,218.11)	1.052.42	431.B6	[6.844.89)	3.637.06
4	Share af Proht of Associates						40.78
	Profit (Loss) before Exceptiona[[tems and Tax [ 3+4 ]	19,na.ll)	1,052.42	431.86	[6,844.89)	3.677.84
	Exceptionalltems (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	lt1,4s3.261	3.677.84
	Tax Expenses
	la } CL rrent Tax	495 13			73895		42821
	lb) Deferred Tax Charge/ (Credit)	r474 46)	23 11	(170 53)	(445.66)	(169 46)
9	Profit/ (Loss) after Tax from continued Operations [7-8]	[13.857.15)	926.40	369.82	(11,756.55)	3.419.09
10	Profit(Loss) before Tax from Discontinued Operations	7.202 82)	(7800)	[n oo)	tr,443 02)	(249 99)
11	Tax Expenses of Discontinued Operations
12	Profit (Loss) after Tax tram Discontinued Operations [ lO - ]] ]	(7,202.82)	[7B.00)	(71.00)	cr,443 82)	[249.99)
13	Other Comprehensive Income Net of Tax)	27320	lo.lO	(741)	274.29		2575)
14	TotalComorehensive Income for the period 9+12+1:	D.786.77	B58 50	291 41	18.926 0E	3.143.35
15	Profit(Lossjfor the period attributable to
	(a} Equity holders of the company	(14.187 84	360 65	641 64	2.194 87	3	19309
	D) Non Controlling Interest	6 872 13)	(12.25)	34282	7.0a5 5c		239E
16	TotalComprehensive Income/(Loss) attributable to
	(a) Equity holders of the company	13.914 64	870.75	33423	1.920 58	3.167.34
	b) Non Controlling Interest	3 872 13	1225	34282	700550		2399
17	Paid up Equity Share Capital(Face Value of Rs 10 each)
18	other Equity(excluding revaluation reserve)				31.366.70	52.059 92
19	Earnings per equity share for continuing Operation
	Basic and Diluted ( in Rs	L5275	3.99	301	4369		1468
	Earnings per equity share(for discontinuing operation)
	Basic and Diluted ( in Rs	r948)	0 21)	ro l£	r9.79		[068)
	Earnings per equity share(fQr continuing and
	discontinuing Qperatlan)
	Basic and Diluted ( in Rs	(6223)	3 77	281	5349)		14 00
Earnings per equity share for the quarter ended is not annualised
3ee	accompanying notes to the financia results

&c

Synergla ll Park. Plot No. R-270. T.C Indu: Estate. Gautam Nazi Near Rabat Police Station. Rcabale Nava hlunlb 701 NIH - INDIA

phone 91 22 4040 707 91 22 4040 708

.99999MH1997PLC ] 11637

auriqflgG.&.":.-'.,... ;'".-''.- -';--'; 1. Statement of Assets and Liabilities

lgG.&.":.-'.,...;'".-''.- -';--';
. Statement of Assets and Liabilities		fR
Particulars	L	As at
ajASSETS
I Non- Current Assets
ja) P'operty. Plant and EquFpmeit
b) Capita Work rn Progress		484 52
c} Rigid of use assets Id) GaQaw		Z 299 29
leJ Other [ntangjb e Assets		6 607 70
lO Intangibe assets untie Developments tg) Financ al Assets		2 91347
lil Investment		4 169 18
lli) Other FinanciaIAssets
Ih) \on Current lax Assets Cnet)		4 095 87
1 ) Deft red Tax Assets met) U) Other Non Current Assets		906 12 21856
zlc u rrent Assets		$5,B32.65
ja) Inventories lb) Financial Assets		2 66405
I il Investments
fi ) I Fade Race cables
llii cash and Cash Equivalents		3.338 17 Z C0148
Live Bank Balances other than rib) ahnvn jv10ther Financ aIAssets c Othe ' Current Assets		1.229 87 i' 499 93
d) Assets held for snip
TotaIAssets
EQU[TY AND LIABILITIES		97,633.02
Equity
ja) Equity Snare Capita
lb} Other Equity
Equity Attributable tQ Owner's of the con oanv
Noi Controlling interest
Non Current Liabilities
la) Financial Liabil t es
li) Borrowings		b.552 61
lb) Other ron current liabilities
lc} prob s ans		51855
Current Liabilities		B.783.69
lal Financial L gabi ities
(i) Borrowings li ) L ease L aoi it ies		4. ]39 18
llii) I uae Pa/ailes		76 7 21
Due to rile'o and S Halle iteror se Due to Other than F.hero and SmalFntnrnl '.		F r 22
lrv) Other F nanaall gabities lb) Other Current L abilt es		7 51320
lc} provisions d) Current Tax Liabi ices (net)		4 g5] 31 )0428
TotaIEquity and Liabilities		25.754.02

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Synergia IT Park. Plot No. R-270. phor 91 22 4040 7070 C Industrial Estate. Gautam Nagar fax -91 22 4040 7080

.lear Rabble Police Station. Rabcale ' NIH - !ADIA

ipro-com wwwaurionpro.com i9999F.{H

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Notes to the Consolidated FinanciaIResults

1. Statement of Cash Flow

			(Rs. in lakhs)
Sr. IParticuiars		Year ended 31-Mar-21131-Mar-20
		AuditedI	Audited
A	Cash Flow from Operating Activities
	Netprofit/(Loss)beforetax(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
	Foreignexchangedifferences(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
B	Cash 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)
C	Cash 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 T Park. Plot No. R-27C 22 4040 707 Estate. Gautam Naq 4040 708 Near Rabble Police Station. Rat: Jovi Noun FH - INDO.

-:: aurionpro

3. Segment Information

(Rs in lakhs)

			Quarter ended	Quarter ended			Year ended	Year ended
NSo.		Particulars	31-Mar-211	31-Dec-20	31-Mar-20		31-Mar-21	31-Mar-20
			Audited	Unaudited	Audited	I	Audited	Audited
		Segment Revenue				T
		Information technologies and consultancy services	,081.13	7,839.65	9,272.08		27,376.23	33,216.71
b		Sale of equipment and License	S,935.81	2.260.87	1,7S0.83		lO .025 .S4	13,759.37
		Total(a+b)	ll,016.94 I	lo.lo0.52	11,022.91		37,401.77	46.976.08
		Segment Results
		Information technologies and consultancy services	3,910.98 1	6,285.71			22,07S.93	24,840.39
b		Sale of equipment and License	3,404.97	518.17	900.08	1	4.470.69	3,378.75
		Total(a+b)	7,315.95		6,735.2	1	26,5'46.62	28,219.14
Less:	I	Un-allocable expenses
		Employee benefits expense	3,963.59		3,719.51		14,978 . 15	14,920.55
		finance costs			467.52		1,579.78	1,822.42
		Depreciation and amortization expenses	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:	I	Un-allowable income	99.80	66.8S	410.25		297.45	978.79
Add:	I	Share of Profit of Associates						40.78
		Totalprofit before tax	(9,218.11)	i,osz.ii I	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 totalassets and liabilities since a meaningfulsegregation of the available data is onerous

• 4 The Company has consolidated financial results of all its subsidiary companies / joint ventures / associates as per Indian Accounting Standard 110- Consolidated Ftnancia Statements

• 5 Other income includes foreign exchange(gain)/loss of INR 268.51Lakhs and INR 215.66 Lakhs for the quarter and year ended 31/03/2021respectively.(Quarter and year ended 31/03/2020: INR(194.92) Lakhs and INR(233.36) Lakhs respectively)

• 6 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 approvalfrom 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 DEBI(LODR) Regulations, 2015 is in the process of being

P

Synergra IT Park. Plot No. R-270. phone +91 22 4040 70= P T.C Industrial Estate. Gautam Nagai fax +91 22 4040 7080 www.aurlonpro.com Rabble Police Station. Rabale. N L99999&IH1997PLCl116 Mum bai- 400 7QI n.qH - INDIA

aurionpro :'

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. profit before tax. profit after tax and total comprehensive income is as under:

Pa rticulars	Quarter Ended 3t/03/202tl31/12/2020 l3t/03/2020	Quarter Ended 3t/03/202tl31/12/2020 l3t/03/2020	Quarter Ended 3t/03/202tl31/12/2020 l3t/03/2020	3x/03/202i Year	1 3i/03/2020 Ended	1 3i/03/2020 Ended
	(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 beforetax	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
Total Comprehensive	(2,944.97)	177.74	563.17	(2,22648)	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

• The figures for the earlier periods have been regrouped/ reclassified wherever necessary to make them comparable with those of the current period

• 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

phot 91 22 4040 7070 fax .g1 22 4040 7080

Aurionpro Solutions Limited

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

.99999hIHlq97PL

aurionpr0 8

• 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

• 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)

• 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

Synergia IT Park. Plot No. R-270. phone +91 22 4040 7070 pro TTC IndustriaIEstate, Gautam Nagai fax +91 22 4040 7080 www.aurlonpro.com Near Rabble Police Station. Rabzlle. N L99999btHlq97PLCl11637 400 701 hIH - INDIA

Aurionpro Solutions Limited

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 .L ('hnkshi & ('hnkshi .P is a I.in 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 E-mail contact &.chctkshiHndchokshi. com

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

3

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Chttkshi & Chokshi LLI' is a LimitctILiabilit} Partnership with LLI' Registration No. AAC-8909

Office: I

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

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

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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

• Cyberlnc Corporation, USA

• AurofidelOutsourcing Limited

• PT Aurionpro Solutions, Indonesia

• Aurionpro Solutions Pte. Ltd, Singapore

• Servopt Consulting Pvt. Ltd

• Intellvisions Solutions Pvt. Ltd

• Intellvisions Software LLC, UAE

• SC SOFT Technologies Pvt. Ltd

• SENA Systems Pvt. Ltd

• 11 Spike INC

• Aurionpro Solutions PLC, UK

• Aurionpro Solutions PW Ltd, Australia

• Integra Technologies Pte.Ltd, Singapore

• Integro Technologies SDN. BHD Malaysia

• Integra Technologies Co. Ltd., Thailand

• Aurionpro Market Systems Pte. Limited Singapore

• Integro Technologies IVietnam) Limited Liability Company

• Integrosys Corporation, Philippines

• SC Soft Pte.Ltd, Singapore

• 21 Shenzhen SC Trading Co. Ltd

• SC SOFT SDN BHD, Malaysia

• Extrabox Pte. Ltd

• Neo BNK, Singapore

• Aurionpro Solutions (Africa) Ltd., Kenya

• 26 Aurionpro Fintech INC

• Aurionpro Holding Pte. Ltd Singapore

'R :. . + ...,#

Chokshi& Chokshi LLP is a Litnited Liability Partnership with LLP Registration No. AAC-8909 Reed. Olllcc: 15/17. Ritgha\ji'B ' BIDE.. Ground Floor. Ragha\:jiRoad. Gowalia tank, OfF Kemps (l:orncr. Nlumbai-400036 Te1.: + 91-22-2383 6900 ; Fux : +91-22-2383 6901 ; Web: w'ww.chokslliandchokshi.com E-mail: contact@chokshiandchokshi.com