Aurionpro Solutions Ltd. — Interim / Quarterly Report 2021

Oct 25, 2021

aurionpro ,e

25th October, 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 - 400 051

Sub Outcome of Boa!.d Mee!!n held on 25tn Octob€r.2Q21

This is to inform you that the Board of Directors ("the Board") of the Company at its Meeting held on 25th Ocotber,2021, has considered and approved the following:

The Unaudited Standalone and Consolidated Financial Results of the Company for the quarter/six months ended 30th September. 2021.

Please find enclosed herewith Unaudited (Standalone & Consolidated) Financial Results for the quarter/six months ended 30th September, 2021, along with Limited Review Report thereon received from M/s. Chokshi& Chokshi., LLP, Statutory Auditors of the Company

The Unaudited Financial Statements of the Company along with Limited Review Report will be made available on the Company's website www.aurionproro.com.

The Board meeting commenced at \O Q.tfl. and concluded at 0 2 30 Pn)

Kindly take the above on record and acknowledge receipt

Thanking you,

For Aurionpro Solutions Limited

Company Secretary

Synergia IT Park, Plot No. R-270,TTC. Industrial Estate. Gautam Nagar. fax phone +91 22 4040 7070+91 22 4040 7080 info@aurionpro.comwww.aurionpro.comCIN L99999MH1997PLCl11637 Near Rabale Police Station, Rabale. Nava R.mumbai- 400 701. MH - INDIA

Aurionpro Solutions Limited

CHOKSHl& CHOKSHILLP Chartered Accountants

Independent Auditor's Review Report on the Unaudited Consolidated FinanciaIResults of Aurionpro Solutions Limited for the quarter and half-year ended 30/09/2021, pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

To

The Board of Directors

Aurionpro Solutions Limited

• l We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Aurionpro Solutions Limited(the 'Holding Company ') and its subsidiaries(the Holding Company and its subsidiaries together referred to as the Group '), and its share of the net profit after tax and totalcomprehensive income of its joint venture for the quarter and half-year ended 30/09/2021 (the 'Statement '), being submitted by the Holding Company pursuant to the requirements of Regulation 33 Of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended jthe Regulations').

• 2 This Statement, which is the responsibility of the Holding Company's Management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards prescribed under section 133 of the Companies Act, 2013(the 'Act ') read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to issue a report on the Statement based on our review.

• 3 We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, 'Review of Interim Financiallnformation Performed by the independent Auditor of the Entity ' issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free from materialmisstatement. A review is limited primarily to inquiries of the Company personnelresponsible for financialand accounting matters and analyticalprocedures applied to financialdata and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion

We also performed procedures in accordance with the SE BICircular No. CIR/CFD/CMDI/44/2019 dated 29/03/2019 issued by the Securities and Exchange Board of India under Regulation 33(8) of the Regulations, to the extent applicable

• 4 The Statement includes the results of the entities as given in the Annexure I to this report

• 5 Based on our review conducted and procedure performed as stated in paragraph 3 above, based on the consideration of the review reports of other auditors referred to in paragraph 6 below, and unaudited financialresults referred in paragraph 7 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in the Indian Accounting Standards specified under Section 133 of the Act, as amended, read with relevant rules issued there-under and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Regulations, ncluding the manner in which it is to be disclosed, or that it contains any materialmisstatement

• We did not review the financialresults of subsidiaries included in the unaudited consolidated financial results, whose financial results reflect total assets of Rs. 8251.61 lakhs as at 30/09/2021 and total revenues of Rs.6099.10 lakhs and Rs.8405.57 lakhs, totalnet profit/(loss) after tax of Rs,1549.65 lakhs and Rs.1544.11lakhs and totalcomprehensive income of Rs.1909.76 lakhs and Rs.1905.66 lakhs for the quarter ended 30/09/2021and half-year ended 30/09/2021, respectively, and net cash outflow of Rs.401.15 lakhs as considered in the consolidated unaudited financialresults. The consolidated unaudited financialresults also include the Group's share of net profit/(loss) after tax of Rs.(172.47) lakhs and Rs.627.28 lakhs and totalcomprehensive income of Rs.(173.17) lakhs and Rs.620.08 lakhs for the quarter ended 30/09/2021and half-year ended 30/09/2021, as considered in the consolidated unaudited financial results, in respect of joint venture, whose interim financialresults have not been reviewed by us. These interim financialresults have been reviewed by other auditors/chartered accountants, whose reports have been furnished to us by the Holding Company's Management and

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Chokshi & Chokshi LLP is a Limited Liability Partnership with LLP Registration No. AAC-8909

7;!/r JC ;l;qn;l\;fl+egd. Office: 15/17, Raghavji'B ' BIDS.. Ground Floor, Ragha\jiRoad, Gowalia Tank. Olf Kemps Corner. Mumbai-400036 $l) \Uy yil..i0+U',//liil# Tcl.: +91-22-2383 6900 ; Fax : +9 1-22-2383 6901 ; Web: www.chokshiandchokshi.com \K. . ' ';/X./# E-mail: contactg11chokshiandchokshi.com

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CHOKSHl& CHOKSHILLP

Chartered Accountants

our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries and joint venture, is based solely on the report of the other auditors and the procedures performed by us as stated in paragraph 3 above.

Of the subsidiaries referred to above, in respect of certain 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 financial results from accounting principles generally accepted in the respective countries to accounting principles generally accepted in India. Our conclusion on the Statement is not modified in respect of this matter

• 7 The accompanying unaudited consolidated financialresults include the financialresults of certain subsidiaries which have not been reviewed by the auditors/chartered accountants, whose financialresults reflect totalassets of Rs.8251.61 lakhs as at 30/09/2021 and total revenues of Rs.785.39 lakhs and Rs.2544.44 lakhs, total net profit/(loss) after tax of Rs.36.51 lakhs and Rs.239.35 lakhs and totalcomprehensive income of Rs.8.96 lakhs and Rs.243.66 lakhs for the quarter ended 30/09/2021 and half-year ended 30/09/2021, respectively, and net cash outflow of Rs.66.07 lakhs as considered in the consolidated unaudited financial results. These financial results 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 have been presented solely based on information compiled by the Holding Company's Management and approved by the Board of Directors. According to the information and explanations given to us by the Holding Company's Management, these financialresults are not materialto the Group. Our conclusion on the Statement is not modified in respect of this matter

For CHOKSHl& CHOKSHILLP Chartered Accountants FRN I01872W /W100045

Vineet Saxena Partner M. No. 100770

UDIN: 21100770AAAAIK7116

Place: Navi Mumbai

Date: 25.10.2021

Chokshi& Chokshi LLP is a Limited Liability Partnership with LLP Registration No. AAC-8909 Read. Office: 15/17. Raghavji'B ' Blog.. Ground Floor. RaghavjiRoad. Gowalia Tank. Otf Kcmps ('omer. Mumbai-400036 Tel.: t91-22-2383 6900 ; Fax : +91-22-2383 6901 ; Web: www.chokshiandchokshi.com E-mail: contact@chokshiandchokshi.com

CHOKSHl& CHOKSHILLP Chartered Accountants

Annexure - lto the Independent Auditor's Review Report on the Unaudited Consolidated Financial Results for the ygrteilod half-yeaLgnded 30/09/2021

The aforesald Unaudited Consolidated FinanciaIResults include results of the f allowing entities

1. AurofidelOutsourcing Ltd., India

2. PT Aurionpro Solutions., Indonesia

3. Aurionpro Solutions Pte. Ltd., Singapore

4. Intellvisions Solutions Private Ltd, India

5. Aurionpro Payment Solutions Pvt.Ltd

6. Aurionpro Payment Solutions Pte.Ltd, Singapore

7. SC Soft Technologies Pvt. Limited

8. Spike INC

9. Aurionpro Solutions PLC., United Kingdom

10. 10 Aurionpro Solutions PTY Ltd., Australia

11. 11 Integra Technologies Pte. Ltd., Singapore

12. 12 Integra Technologies SDN. BHD Malaysia

13. 13 Integra Technologies Co. Ltd., Thailand

14. 14 Aurionpro Market Systems Pte. LimitedSingapore

15. 15 Integra Technologies IVietnam) LimitedLiability Company

16. 16 Integrosys Corporation Philippines

17. 17 SC Soft Pte. Ltd., Singapore

18. 18 Shenzhen SC Trading Co. Ltd.

19. 19 SC Soft SDN BHD, Malaysia

20. 20 ExtraBox Pte Ltd., Singapore

21. 21 Neo.BNK Pte Ltd

22. 22 Aurionpro Solutions IAfrica) Ltd., Kenya

23. 23 Aurionpro Holdings Pte.Ltd

24. 24 Aurionpro Fintech Inc

25. 25 Intellvisions Software LLC., UAE

Chokshi& Chokshi LLP is a Limited Liability Partnership with LLP Registration No. AAC-8909 Reed. Office: 15/17. Ragha\ji'B ' BIDE., Ground Floor, Raghavji Road, Gowalia Tank, Off Kemps Corner, Mumbai-400036 lel.: +91-22-2383 6900 ; Fax : +91-22-2383 6901 ; Web: uww.chokshiandchokshi.com E-mail: contact@chojtshiandchokshi.com

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Aurionpro Solutions Limited

Statement of Unaudited Consolidated FinanciaIResults for the Quarter and Half Year ended September 30, 2021

l	Income
	(a) Revenue from Operations		12.222.61	11.580.76	8.768.24	23.803.37	16.284.30	37.401.77
	(b) Otherlncome		59.12	94.66	f20.11)	153.78	130.79	29745
	(c) Totallncome [ (a) + (b) ]		12.281.73	11.675.42	B.748.13	23.957.15	16.415.09	37.69g 22
2	Expenses
	ja) Software. Hardware and Other Material Cost							l0.791.45
	jb) Change rn Inventories of Raw Materials Fpnrshed Goods and Stock-rn-Trade							63 70
	lc) Employee Benefits Expense							14. 978 15
	(d) Finance Costs							1.579.78
	(e) Depreciation and Amortization Expense							13.939.06
	(f) Other Expenses
	[g) TotaIExpenses [ (a) to (f) ]		lO.124.48	9.733.28	7.807.20	19.857.76	15.093.30
3	Profit/ (Loss) before Exceptionalltems [c) - 2 (g)]	and Tax [l	2.157.25	1.942.14	940.93	4.099.39	1.321.79	l6,844.89)
4	Exceptlonalltems							4 618 37
5	Profit/(Loss) before Tax [ 3-4 ]		2.157.25	1.942.14	940.93	4.099.39	1.321.79	rii.463.26|
6	Tax Expenses
	(a) Current Tax		241.62	244.31	105.68	485.93	140.91	738.95
	(b) Deferred Tax Charge/ (Credit)		26.95	155.59	58.50	182.54
7	Profit/(Loss) after Tax from continued operations [5-6]		1.888.68	1.542.24	776.75	3.430.92	1,175.20	(11,756.55)
	Profit/(Loss) before Tax from Discontinued Operations				laos.oo)		(164.00)	(7.443.82)
9	Tax Expenses of Discontinued Operations
10	Profit/(Loss) after Tax from Discontinued Ooeratlons f8-9				lIDs.oo)		(164.00)	(7,443.82)
11	C)cher Com prehensive Income (net of tax		39 21	31.43	4 32	70 64
12	TotalComprehenstve Income/(loss) [ 7+10+11 ]		1.849.47	1.510.81	676.07	3.360.28	1.002.19	(18,926.08)
13	Profit/ (Loss) for the period attributable	to
	ja) Equity holders of the company		1.957.69	1.421.37	715.33	3.379.06	1.132.31	12.194 87
	o) Non Controliina Interest		69.02	120 87	43 58			7 nnR 6n
14	TotalComprehensive Income/ (Loss) attributable to
	(a) Equity holders of the company b} Non Controlling Interest		1.918 49 69.02	1.389.94 120.87	719.65 43 58	3.308 43	1.123.30 121 11	11.920.58 7 nn6 6n
15	Paid-up Equity Share Capital(Face Value of Rs. 10 each		2.280.02	2,280.02	2.280.02	2.280.02	2.280.02	2,280.02
16	Other Equity (Excluding Revaluation Reserve)							31.366.70
17	Earnings per equity shared(for continuing
	operation)
	Basic and Diluted ( in Rs		8.59	6.23
	Earnings per equity shared(for discontinuing
	operation)
	Basic and D luted r in Rs
	Earnings per equity share ' (for continuing and
	discontinuing operation)
	Basic and Diluted ( in Rs		B.59	6 23	3 14		4 97
Earnings per equity share for the auarLer and half Year ended			are not annulised
See	accompanying notes to the financial results

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Aurionpro Solutions Limited

Synergia IT Park, Plot No. R-270. phone +91 22 4040 7070 T T.C Industrial Estate. Gautam Hagar fax +91 22 4040 7080 Near Rabble Police Station. Rabale ' Navlhlumbal 400 701. MH - INDIA

in to @aurionpro .com www.aurionpro.com N L99999MH1997pLC 11637

aurionpro €

Notes to the Consolidated FinanciaIResults:

Not	es to the Consolidated Financi	aIResults:				(Rs. in lakhs)
					As at	AS at
		Particulars			30-Sep-21 Unaudited	31 -Ma r-21 Auaitea
A	SSETS
l	on- Current Assets
	a) Property, Plant and Equipment
	b) CapitalWork in Progress				2.183.62
	c) Right of use assets
	d) Goodwill
	e) Other Intangible Assets
	f) Financial Assets
	(i) Investment				3.592.51
	lii) Other FinanciaIAssets				1.366.12
	Ig) Non-Current Tax Assets (net) Ih) Deferred Tax Assets (net) li) Other Non Current Assets				759.26 594.96 9.78
		Sub-total Non-Current Assets			22,177.67
2	3 u rre nt Assets
	ja) Inventories
	jb) Financial Assets
	(i) Investments
	lii) Trade Receivables
	(iii) Cash and Cash Equivalents
	llv) Bank Balances other than (iii) above lv) Other FinanciaIAssets				1, 3 /9 . r 3 8.778.71
	lc) Other Current Assets				11.462 94
	d) Assets-held- for-sale	Sub-totalC	u rrent Assets		37.620,51	3y.=1/.]/
	TotaIAssets				59.798.18	b1.0U3.33
B	EQUITY AND LIABILITIES
l	Equity
	ja) Equity Share Capital				2.280.02
	jb) Other Equity Equity Attributable to Owner's	of the company			36.134.98	33.646.7Z
	Non-Controlling Interest		fatal Eq u ity		36.538.15
2	Liabilities
	Non Current Liabilities
	(a) Financial Liabilities
	(i) Borrowings (ii) Lease Liability				3.675.46 127.94
	jb) Other non current liabilities
	(c) Provisions	Su b-totaINon-Current Liabilities			5.323.33	b./y4.by
	Current Liabilities
	(a) Financial Liabilities
	(i) Borrowings lii) Lease Liabilities				2.491.62 535.5Q
	lilt) Trade Payables Due to Micro and SmalIEnterprise				423.03
	Due to Other than Micro and SmalIEnterprise
	liv) Other FinanciaILiabilities (b) Other Current Liabilities				3,900./1 4.615.54	4.U/U.23
	(c) Provisions
	Id) Current Tax Liabilities (net)
		Sub-			17,936.7t
	quity and Liabilities	o/	'\u '\	I	s9,798.1al	oa,ou;s.;ss

)i'o.com Near Rabble Police Station. Rabale. L99999NIH1997P Cll1637 Navi h.mumbai- 400 701. MH - INDIA

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Notes to the Consolidated FinanciaIResults

1. Statement of Cash Flow

			(Rs. in lakhs)
		Half Year Ended
Sr. I Particulars		30-Sep-211 UnauditedI	30-Sep-20 Unaudited
A	Cash Flow from Operating Activities
	Net profit before tax(including discontinued operations)	4,099.39	1,157.79
	Adjustments
	Depreciation and Amortisation Expenses	725.48	1,836.66
	Interest Income	(84.19)	(83.77)
	Interest Expenses	368.68	729.82
	Bad debts	6.49	15.28
	Provision for doubtfuldebts	(7.03)	6.89
	Loss on sale of Property, Plant and Equipment (PPE)	8.66	11.15
	Foreign exchange differences (Gain)/Loss cnet)	(606.52)	(786.59)
	Operating Profit before working capita changes	4,510.96	2,887.23
	Movements in Working Capital Decrease/(Increase) in Inventories	47.35	127.78
	Decrease / (Increase) in Trade Receivables and Other Assets	(4.25382)1	1.378.17
	(Decrease)/ Increase in Trade Pavables. Other liabHit es	1,509.05	(2.720.63)
		(2,09Z:4g)I	(1,214.68)
	Cash Generated from Operations	1,813.54	1,672.55
	Income taxes refund/(paid)(net)	(276.28)	(186.05)
	Net cash generated from Operating Activities	1,537.26	1,486.50
B	Cash flow from Investing Activities
	Purchase of PPE and Other Intangible Assets	(962.21)	(2,592.61)
	Sale/ Redemption of Investment	4,400.15	1.128.89
	Interest Received	76.25	83.50
	Investment in Bank Fixed deposits	190.93	17.52
	Net cash generated/ (used ip) from Investing Activities	3,705.12	(1,362.70)
C	Cash flow from Financing Activities Proceeds/(Repayment) Long-Term Borrowings([let) Proceeds/ (Repayment) of Short-Term Borrowina? (net)	(1,281.42) (3.926.58)	235.57 384.19
	Repayment of Lease Llabities	(ll31q7}1	(394.95)
	Proceeds from issi2 Of equity shares (including security prem um}		1.067.89
	Interest Paid	1259.92)	(678.84)
	Net cash generated/(used in) from Financing Activities	(5,806.29)	613.86
D	cnet (Decreased /IncreaseinCashandCashEquivalents (A+B+C)	(563.91)	737.66
E F	ICash and Cash Equivalents at beginning of year(D+E) ICash and Cash Equivalents at end of pel.!gq	2,217.04 1,653.13	2,001.48 2,739.14

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Aurionpro Solutions Limited

Synergia IT Park, Plot No. R-270, T.T.C. Industrial Estate. Gautam Nagar, Near Rabale Police Station. Rabale. NavlNlumbai 400 701. hIH - INDIA

pro.com

www.aurionpro.com

.99999MH 1997PLC 1116

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3. Segment information

IRs. In La khsl

l	Segment Revenue
|Information technologies and consulta ncy services	7,511.92	9,119.80	7.636.80	16,631.72	14 .455 .55	27.376.23
B	Sale of equipment and License	4.710.69	2.460.96	1,131.44	7,171.65	1.828.85	l0,025.S4
	Total(a+b)	12.222.61	11.580.76	8,768.24	23,803.37	16.284.30	37,401.77
l	Segment Results
|Information technologies and consults ncy services	6.490.26	6.150.58	6.273.36 1	12.640.84	11.878.24	22.075.93
B	Sale of equipment and License	1,160.31	1,262.51	232.14	2.422 .81 i	547.55	4.470.69
	Total(a+b)	7,650.57	7,413.09	6.505.50	15,063.66	12,425.79	26,546.62
Less	Un-allowable expenses
A	I Employee benefits expense	4,254.29	4,201.79	3 .645 .59	8.456.08	7,160.85	14 .978 .15
B	I finance costs	238.42	214.78	382.68	453.20 1	809.75	1.579.78
C	Depreciation a nd a mortisation	342.39	383.09	745.55	725.48	1.736.66	13,939.06
	expenses
D	Other expenses	717.33	765.95	770.64	1.483.28	1.527.53 1	3.191.97
Add	Un allocable income	59.12	94.66	l20.:n)	153.78	130.79	297.45
	Totalprofit before tax	2,1S7.25	1,942.14	940.93	4,099.39	1,321.79	l6,844.89)

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 disclosures relating to total assets and liabilities since a meaningful segregation of the available data is onerous.

• 4 The Company has consolidated financialresults of allits subsidiary companies and joint ventures as per Indian Accounting Standard 110-Consolidated Financial Statements

• 5 Other Income include foreign exchange(gain)/ loss of INR 8.72 Lakhs and INR 12.86 Lakhs for the quarter and half year ended 30/09/2021 respectively. (Quarter and half year ended 30/09/2020 INR 67.99 Lakhs and INR (32.29) Lakhs respectively)

• 6 As required under Ind AS 115 "Revenue from Contracts with Customers'', unbilled revenue is accounted on estimate basis in respect of contracts where the contractual right to consideration is based on completion of contractualmilestones as confirmed by the technicalteam.

• In order to make an entry into the payment business, the Company has incorporated a wholly owned subsidiary, Aurionpro Payment Solutions Private Limited in India during the quarter ended 30/09/2021

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al/3 Synergia IT Park, Plot No. R-270. phone +91 22 4040 7070 nfoG T,T.C. Industrial Estate. Gautam Nagar. fax +91 22 4040 7080 www.aura Near Rabale Police Station. Rabale L99999 hlH Nazi h,lumbar- 400 701. h,4H - INDIA

Aurionpro Solutions Limited

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1. The Company's standalone turnover, profit before tax, profit after tax and totalcomprehensive income is as under:

( Rs. in lakhs)

Particulars	I	Quarter ended 30/09/2021 { U naudited )	Quarter ended 30/06/2021 (Unaudited)	Quarter ended 30/0g/2020 (Unaudited)	Half year ended 30/09/202i (Unaudited)	I I 1 I	Half year ended 30/09/ 2020 (Unaudited)	Year ended 31/03/2021 (Audited)
Turnover		5,678.72	6.941.85	4.414.64	12,620.57	}	8,137.69	19.170.65
Prof t/(Loss) before		638.98	720.87	597.80	L ,359.85	1	736 .65	(1,960.84)
Profit/(Loss) acer tax	1	482.83	566.62	445 .17	L,049.45		572.08	(2,453.22)
Total Co mp rehn naive Income/ (loss)		471.91	508.38	440.68	980.29		540.72	(2,226.48)

• 9 The Indian Parliament has approved the Code on SocialSecurity, 2020 which would impact 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

• 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, investments, 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 willbe realized. The impact of COVID-19 on the Group's financial results may differ from that estimated as at the date of approvalof these financialresults.

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

• 12 The Statutory Auditors of the Company have conducted a limited review of the consolidated financial results for the quarter and half year ended 30/09/2021 pursuant to the requirements of Regulation 33 of the DEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. These financial results have been reviewed by the Audit Committee and thereafter approved by the Board of Directors at their respective meetings held on 25/10/2021

Place: N avi M umbai Date: 25/10/2021

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For Aurionpro Solutions Limited
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Nav
M u m bai ./j Amit 5heth
Co- Chairman a nd Director
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Synergia IT Park, Plot No. R-270. phone +91 22 4040 7070 in to @a urionpro .com T.T.C. Industrial Estate. Gautam Nagar. fax +91 22 4040 7080 www.aurionpro.com Near Rabble Police Station. Rabale ' CIN L99999hIH1997pLC Nav \lumbar 400 701. MH INDIA

Aurionpro Solutions Limited

CHOKSHl& CHOKSHILLP

Chartered Accountants

Independent Auditor's Review Report on the Unaudited Standalone FinanciaIResults of Aurionpro Solutions Limited for the quarter and half-year ended 30/09/2021, pursuant to the Regulation 33 of the SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

To

The Board of Directors

Aurionpro Solutions Limited

• l We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of Aurionpro Solutions Limited (the 'Company ') for the quarter and half-year ended 30/09/2021 (the 'Statement '), being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the 'Regulations').

• 2 This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards prescribed under section 133 of the Companies Act, 2013 (the 'Act ') read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to issue a report on the Statement based on our review.

• 3 We conducted our review of the Statement in accordance with the Standard on Review Engagements(SRE) 2410, 'Review of Interim Financiallnformation performed by the Independent Auditor of the Entity ' issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free from materialmisstatement. A review is limited primarily to inquiries of the Company personnelresponsible for financialand accounting matters and analyticalprocedures applied to financialdata and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion

• Based on our review conducted and procedure performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement of unaudited standalone financialresults, prepared in accordance with recognition and measurement principles laid down in the Indian Accounting Standards prescribed under Section 133 Of the Act, as amended, read with relevant rules issued there-under and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Regulations, including the manner in which it is to be disclosed, or that it contains any materialmisstatement.

For CHOKSHl& CHOKSHILLP Chartered Accountants FRN - I01872W /W100045 Vindet Saxena Pa rtne r :.... 4 "'b'.:==-:":=:;' M. No. 100770 UDIN 21100770AAAAIJ2913

Place: Nava Mumbai

Date: 25/10/2021

Chokshi& Chokshi LLP is a Limited Liability Partnership with LLP Registration No. AAC-8909

Reed. Office: 15/17. Raghavji'B ' Blttg.. Ground Floor. RaghavjiRoad, Gowalia Tank. Off Kcmps C'order, Mumbai-400036 I'e1.: +91-22-2383 6900 ; Fax : +91-22-2383 6901 ; Web: wuw.chokshiandchokshi.com

E-mail: contact@chokshiandchokshi.com

aurionpro €

Aurionpro Solutions Limited

Statement of Unaudited Standalone FinanciaIResults for the Quarter and Half Year ended September 30, 2021

								rRs in lakhR '
=.	Particulars		30-Sep-21	30-Jun-21	30-Sep-20	30-Sep-21	30-Sep-20	31-Mar-21
			Unaudited	Unaudited	Unaudited	Unaudited	1 1naiiditprl	A i id itnrl
l	Income
	ja) Revenue from Operations		5.678.72	6.941.85	4.414.64	12.620.57	8.137.69	19.170 65
	jb) Other Income		58.98	109.50	63.74	168.48	161 68	330.18
	(c) Totallncome [ (a) + (b) ]		5.737.70	7,051.35	4.478.38	12.789.05	8.299.37	19.500.83
2	Expenses
	(a> Software. Hardware ana Other MaterialCost
	jb) Change in Inventories of Raw Materials
	Finished Goods and Stack-in-Trade
	lc) Employee Benefits Expense
	Id) Finance Costs
	(e) Depreciation and Amortization Expense
	(f) Other Expenses
	(g) TotaIExpenses [ (a) to (f) ]		5,098.72	6.330.48	3.880.58	11.429.20	7.562.72	17.558.27
3	Profit/ (Loss) before Exceptionalltems [c) - 2 (g)]	and Tax [l	638.98	720.87	597.80	1.359.85	736.65	1.942.56
4	Exceptionalltems							3 90340
5	Profit/(Loss) bef ore Tax[ 3-4 ]		638.98	720.87	597.80	1.359.85	736.65	(1.960.84)
6	Tax Expenses
	a) Current Tax b) Deferred Tax Charge/ (Credit)		''?7:	164 54 (l0.29)		(9.19) 319 59		354.12 138 26
7	Profit/ (Loss) after Tax [ 5 - 6 ]		482.83	566.62	445.17	1.049.45	572.08	r2.453.22)
8	Other Comprehensive Income (net of tax		10 92	58.24	4.49	69.16	31.36	226 74
9	TotalComprehensive Income for the period 7+8		471.91	508.38	440.68	980.29	540.72	l2,226.48)
10	Paid-up Equity Share Capital(Face Value each	of Rs. lO	2,280.02	2.280.02	2.280.02	2.280.02	2.280.02	2.280.02
11	Other Equity IExc uding Revaluation Reserve)							19.110.78
12	Earnings per equity sha re
	Basic (Rs		2 11	2 49	1 95	4.60	2 51	10 76
	Di luted r Rs		2.11	2 49	1.95	4.60	2.51	10 76

Earrings per equity share for the quarter and half Year ended are not annulised See accompanying notes to the flnancialresults

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Aurionpro Solutions Limited

Synergia IT Park, Plot No. R-270, T.T.C. Industrial Estate. Gautam Nagar Near Rabble Police Station. Rabale Na-.,ih.mumbai- 400 701. 1\,IH - INDIA

phone +91 22 4040 7070 info@au rionpro.com +91 22 4040 7060 www.aurionpro.com I oaoqql.lb laa7 p

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Notes to the Standalone Financial Results

Statement of Assets and Liabilities	Statement of Assets and Liabilities				(Rs. in lakhs)
		Pa rticula rs		As at 30-Sep-21	As at
				Unaudited
A	ASSETS
l	Non- Current Assets
	(a) Property, Plant and Equipment			4.119.28	4.341.79
	(b) CapitalWork in Progress			2,204.89	1.340.66
	(c) Right of Use Assets			213.95	327.79
	Id) Intangible Assets			1.259.24	1,335.41
	(e) Financial Assets
	li) Investments			5.596.01	5.595.16
	(li) Other FinanciaIAssets			1,366.12	1,304.36
	(f) Deferred Tax Assets (net)			339.06	329.87
	jg) Non-Current Tax Assets(net)			739.71	785.20
	Ih) Other Non Current Assets			9.78	8.48
		Sub-totaINon-Current Assets		15,848.04	15,368.72
2	Current Assets
	ja) Inventories			741.80	1,303.80
	(b) Financial Assets
	(i) Investments
	(ii) Trade Receivables			lO.102.97	8,654.18
	lin) Cash and Cash Equivalents			351.45	432.45
	(iv) Bank Balances other than	(iii) above		817.20	1,235.14
	lv) Loans			3.578.47	3.207.00
	lvi) Other FinanciaIAssets			3,878.48	2.859.64
	(c) Other Current Assets			4.578.63	4,151.80
	IdjAssets-held- for-sale	Sub-totalCurrent Assets		24,049.00	4.467.03 26,311.04
	TotaIAssets			39,897.04	41,679.76
B	IEQUiTY AND LIABILITIES
I	IEquity
	(a) Equity Share Capital			2,280.02	2.280.02
	jb) Other Equity			20,080.13	19.110.78
	Total Equ ity			22,360.15	21,390.80
	LIABILITIES
2	INon Current Liabilities
	ja) Financial Liabilities
	li) Borrowings			3.269.63	4.583.72
	(ii) Lease Liabilities			43.05	169,95
	(b} Other Non Current Liabilities			986.48	994.67
	(c) Provisions			488.41	404.17
		Sub-totaINon-Current	Liabilities	4,787.57	6,152.51
	Current Liabilities
	(a) Financial Liabilities
	(i) Borrowings			1.505.45	5.186.14
	lii) Lease Liabilities			220,97	252.62
	lin) Trade Payables
	Due to Micro and SmalIEnterprise			423.03	60.75
	Due to Other than Micro and SmalIEnterprise			4.743 82	4,907.12
	liv) Other FinanciaILiabilities			2,485.70	1.902.18
	(b) Other Current Liabilities			2,906.90	1.451.75
	(c) Provisions	':	'61	46345	375.89
		S ub-totalCI	Liabilities	12,749.32	14.136.45
	I Equity and Liabilities			.©,gw

1. Statement of Assets and Liabilities

!040 7070 lfo@a urionpro.com q040 7080 www.aurionpro.com

itions Limited Synergia IT Park, Plot No. R-270,

T.T.C. Industrial Estate, Gautam Nagar Near Rabale Police Station, Rabale. Nava Mumbai - 400 701. MH - INDIA

N L99999MH1997PLCl11637

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Notes to the Standalone FinanciaIResults	Notes to the Standalone FinanciaIResults
	Flow			(Rs.in	lakhs)
Sr	38 rticula rs		Half Year	Ended
			30-Sep-21	30-Sep-20
			Unaudited	u naua it©d
A	Cash Flow from Operating Activities
	Net profit before tax		1,359.U5
	Adjustments
	Depreciation and amortisation expenses
	Interest Income		( 'lu 'l. oo )
	Interest expenses Bad debts		Z.24
	Provision for doubtfuldebts				lo .	z i/
	Loss on sale of Property, Plant and Equipment (PPE)
	Foreign exchange (Gain)/ Loss
	Operating Profit before working capitalchanges		2.U79.3b	I,yDD.6U
	Movements in Working Capital
	Decrease in Inventories		bo 'l. y y
	Decrease/ (Increase) in Trade Receivables and Other Assets IDecrease)/ Increase in Trade Payables. Other Liabilities Cash generated/(used in) from Operations		(Z,60y.UD) Z .41 '1.DU IZ4.bb Z.ZU3.yU	lz.ooz.		lv/
	Income taxes paid
	Net Cash generated/(used in) from Operatina Activities		I ,yzy.uu	I'luo		o r /
B	Cash flow from Investing Activities
	Purchase of PPE and Other Intangible Assets			lo	lz	. I i/
	Sale of Investments		4 .40D . 'lU	1 , /	uu.£ I
	Loans/ Advances(given)/ repaid to Subsidiaries			I , lqD.		f I
	Interest received		3Z . 'lJ
	Fixed deposits with Banks Net cash generated from Investing Activities		3.bUU.ZU	z.qoa.v'}
C	Cash flow from Financing Activities
	Repayment of Long-Term Borrowings Repayments of Short-Term Borrowings		tz .o /4.3u, tz,4zu.40.
	Repayment of Lease Liabilties		('l/ / .oq.
	Interest paid		(4Zb.0D
	Net cash used in from Financing Activities		IS,ouu.uu
D	Net Decrease in Cash and Cash Equivalents (A+B+C) Cash and Cash Equivalents at beginning of year		[BI.UU 43Z.4D	uuz./ I
E	Cash and Cash Equivalents at end of	period		oou		' ''p

Aurionpro Solutions Limited

TT C. Industrial Estate. Gautam Nagar.Synergia IT Park. Plot No. R-270. faxphone +91 22 4040 7070+91 22 4040 7080 www.aurionpro.comn to @au rionpro .com Near Rabaie Police Station. Rabale Ravi hqumbai 400 701. fv4H INDIA

aurionpro €

• 3 Other Income includes foreign exchange(gain)/loss of INR 2.91Lakhs and INR(5.81) Lakhs for the quarter and half year ended 30/09/2021 respectively (Quarter and half year ended 30/09/2020: INR 106.69 Lakhs and INR 89.15 Lakhs respectively).

• Software development and other related expenses include purchase of materialand license of INR 3,052.94 Lakhs and INR 3,945.21 Lakhs for the quarter and half year ended 30/09/2021 respectively. (Quarter and half year ended 30/09/2020: INR 701.96 Lakhs and INR 805.02 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 contractual right to consideration is based on completion of contractualmilestones as confirmed by the technicalteam

• 6 In order to make an entry into the payment business, the Company has incorporated a wholly owned subsidiary, Aurionpro Payment Solutions Private Limited in India during the quarter ended 30/09/2021/

• 7 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 finalrules are yet to be framed. The Company will carry 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.

• 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 internal and external sources of information including credit reports, economic forecasts and consensus estimates from market sources. The Company has carried out sensitivity analysis on the assumpl:ions used and based on current estimates, expects that the carrying amounts of the aforementioned assets willbe realized. The impact of COVID-19 on the Company's financialresults may differ from that estimated as at the date of approvalof these financial results.

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

• The segment information, pursuant to the requirement of Ind AS 108 operating Segments, is given as part of the consolidated financial results.

• 11 The Statutory Auditors of the Company have conducted a limited review of the standalone financial results for the quarter and half year ended 30/09/2021pursuant to the requirements of Regulation 33 of the DEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015. These financial results have been reviewed by the Audit Committee and thereafter approved by the Board of Directors at their respective meetings held on 25/10/2021

Place: Navi M umbai Date: 25/ 10/2021

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For Aurionpro Solutions Limited
0
a. Ravi Blieth
Co- Chairman and Director
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Synergia IT Park. Plot No. R-270, phone +91 22 4040 7070 nfo@aurionpro.com T.T.C. Industrial Estate. Gautam Nagar. fax +91 22 4040 7080 www.aurionpro.comCIN L99999MH1997PLCl11637 Near Rabale Police Station, Rabale, Ravi Nlumbai 400 701. MH - INDIA

Aurionpro Solutions Limited