Avance Technologies Ltd. — Interim / Quarterly Report 2020

Feb 11, 2020

A < > AVAnc:e

7th February, 2020

To, Listing Compliances

BSE Ltd, P. J. Towers, Fort, Mumbai -400 001.

Scrip Code : 512149 Scrip Id :AVANCE

st Subject: Un-audited Financial Results for the Quarter and nine months period ended 31 December, 2019.

Dear Sir/Madam,

The Board of Directors in their meeting held today i.e. on 7 th February, 2020 has approved the un-audited financial st results for the-quarter and nine months period ended 31 December, 2019.

Pursuant to regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,we enclose herewith the followings:

1. Copy of the Un-audited Financial _Results.

2. Limited Review Reportas issued by the Statutory Auditor of the Company.

The meeting of the Board of Directors commenced at 3.00 p.m. and concluded at 5.30 p.m.

We request you to kindly take the above mentioned information on your record.

==> picture [190 x 112] intentionally omitted <==

----- Start of picture text -----

Thanking You.
, . ,,r..,.,,-..-;.:..� · · .... ,. - ''-
For Avanc Techno gies �.!mtt�'d.:.-.: (��\
.
,?-.:'\,
'::.:, '
, ·\ '6.., /-...:; J ·-;·
Srikris�na • amidipati � ��J-=:,.� ;,·,
Managmg Director
DIN:02083384
, :::-I
/! � (·' \ \, \1
1' r;, /
----- End of picture text -----

==> picture [395 x 39] intentionally omitted <==

----- Start of picture text -----

Avance Technologies Limited
th st
Reg. Off: Office No. 7, S Floor, Block-A, Aidun Building, 1 Dhobi Talao Lane, Mumbai -400002. Phone No.: +919987053725
Email: info@avance.in / avancetechnologiesltd@gmail.com
CIN: l51900MH1985PLC035210 Website: www.avance.in
----- End of picture text -----

A ·- < > � /\VAnc:e

I. AVANCE TECHNOLOGIES LIMITED CIN: l51900MH1985PLC035210 Regd. Off.:-C Unit No. 7, Aldun Building. 5th Floor, Near Metro, New Marine Unes, Mumbai-400002 Phone: 9987053725 Website: www.avance.in Email:- info@avance.ln/ avancetechnologiesltd@gmail.com STATEMENT OF UN- AUDITTD FINANOAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31.12.2019 I

!Amount In Lakh• -----· cpc

			STANDALONE
Sr. No.	Particulars	3 months ended	Preceedlng 3	Corresponding 3	9 months ended	Corresponding 9	Previous year
			months ended	months ended In		months ended In	ended
				the previous year		the previous year
		31/12/2019	30/09/2019	31/12/2018	31/12/2019	31/12/2018	31/03/2019
		Un-Audited	Un-Audited	Un-Audited	Un-Audited	Un-Audited	Audited
1	Income
	(a)Revenue From Operations (b) other Income Total Income	2.600 0.000 2.600	(495.950) 0.000 (495.950)	35.859 0.000 35.859	25.860 0.000 25.860	35.859 1,003.993 1,039.852	339.817 87.232 427.049
2	Exoenses
	(a) Cost of materials consumed	0.000	0.000	33.212	**0.00 **	33.212	0.000
	(b) Purchases of stock-in-trade	0.000	(499.935)	0.000	9.460	0.000	302.439
	(c) Changes in _inventories of finished goods, work-In-
	progress and stock-in-trade	0.000	0.000	0.000	0.000	0.000	35.339
	(e) Employee Benefits Expenses	1.692	0.994	0.697	3.531	1.543	3.007
	(f) Finance Cost	0.000	0.000	0.000	0.004	902.466	0.036
	(g) Depreciation and amortisation expense	0.000	0.000	0.000	0.000	0.000	0.000
	(i) other expenses (Any item exceeding 10% of the
	total expenses relating to continuing operations to
	be shown separately)	2.087	0.696	0.470	8.082	37.511	10.913
	Total Expenses	3.779	(498.245)	34.379	21.077	974.732	351.734
	Profit / (Loss) before exceptional Items and tax (1-
3	2)	(1.179)	2.295	1.480	4.783	65.120	75.315
**·5 **	Exceptional Items Profit / (Loss) before tax (3-4	(566.125) (567.304)	(1,163.893) (1,161.598)	0.000 1.480	(1,730.018) (1,725.235)	0.000 65.120	0.000 75.315
	Tax Expenses I
	(a) CurrentTax I	0.000	0.000	0.000	0.000	0.000	19.634
	(b)Deferred Tax	0.000	0.000	0.000	0.000	0.000	0.000
.7 8	Total Tax Expenses Profit/ (Loss) for a period from continuing operations (5-7) Profit/ (Loss) for a period from dis -continuing	0.000 (567.304)	0.000 (1,161.598)	0.000 1.480	0.00 (1,725.235)	0.000 65.120	19.634 55.681
9	operations	0.000	0.000	0.000	0.000	0.000	0.000
10 11	Tax Expenses of discountined operations Proflt/ (Loss) for a period from dis -<ontlnulng operations fafter tax) (9-10)	0.000 0.000	0.000 0.000	0.000 0.000	0.000 0.000	0.000 0.000	0.00 0.000
12	Other Comprehensive Income/ (Loss)
	A) (i) Amount of Items that will not be reclassified to
	profit or loss	0.000	0.000	0.000	0.000	0.000	0.000
	(ii) Income tax relating to items that will not be
	reclassified to profit or loss	0.000	0.000	0.000	0.000	0.000	0.000
	8,) (ii Amount of items that will be reclassified to
	profit or loss	0.000	0.000	0.000	0.000	0.000	0.000
	(ii) Income tax relating to items that will not be
	reclassified to profit or loss	0.000	0.000	0.000	0.000	0.000	0.000
	Total Comprehensive Income for the period
13	(comprising profit/loss) and other comprehensive Income for the period) 18·11-12) Paid-up Equity Share Capital (Face Value of Rs. 10/-	(567.304)	11,161.598)	1.480	(1,725.235)	65.120	55.681
	each)	19,819.174	19,819.174	19,819.174	19,819.174	19,819.174	19,819.174
14	Earning Per Share (For continuing operations)
	(a) Basic	(0.286)	[0.586)	0.001	(0.870)	0.033	0.028
	(b) Diluted	(0.286)	(0.586)	0.001	(0.870)	0.033	0.028

�_ , J ... , , ro•c.g;, hi {GJ

Avance Technologies Limited

Reg. Off: Office No. 7, S[th] Floor, Block-A, Aidun Building, 1[st ] Dhobi Talao lane, Mumbai -400002. Phone No.: +919987053725 Email: lnfo@avance.in / avancetechnologiesltd@gmail.com ON: LS1900MH198SPLC035210 Website: www.avance.in

< > /\V/\nc:e

Notes:

1. The Un-audited financial statement for the quarter and nine months period ended 31[st ] December, 2019 have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on t[h ] February, 2020.

2. The Statutory Auditor of the Company has conducted-3 "limited Review" of the aforesaid results.

3. The statement has been prepared in accordance with the Companies (Indian Accounting Standard) Rules, 2015 (Ind AS) prescribed under section 133 of the Act, 2013 and other recognised accounting practices and policies to the extent applicable.

4. Exceptional items represent provision made for long overdue balances.

5. As the Company's business activity falls within a single primary business segment, the disclosure requirements as per Ind-AS 108 "operating segments" are not applicable.

6. Provision of taxes, if any, shall be made at the end of the year.

7. Previous period figures have been re-grouped and re-classified wherever necessary.

==> picture [195 x 104] intentionally omitted <==

----- Start of picture text -----

For Avance Technologies Lirnite -...::�
!{ 1:(�i:.;_C'">){·� [& ] \ �)
�{"--.).�
Srikrishna Bhamidipati �
Managing Director
DIN: 02083384
----- End of picture text -----

Avance Technologies Limited Reg. Off: Office No. 7, S[th] Floor, Block-A, Aidun Building, 1[st ] Dhobi Talao Lane, Mumbai-400002. Phone No.: +919987053725 Email: Jnfo@avance.in / avancetechnologlesltd@gmail.com CIN: LS1900MH198SPLC035210 Website: www.avance.in