Cigniti Technologies Ltd — Annual Report 2019

May 3, 2019

2nd May 2019

National Stock Exchange of India Ltd, BSE Limited Exchange Plaza, Bandra Kurla Complex, P,J. Towers, Dalal Street Bandra (East), Mumbai — 400051. Mumbai < Fax No.26598237/26598238 Fax No.22722037/22723121

400001,

Name of Scrip: CIGNITITEC Scrip code: 534758

Dear Sir / Madam, —.

Sub: Outcome of Board Meeting under regulation 30 read with 33(3)(c) of SEBI (Listing Obligations and Disclosure requirements) regulations, 2015

With reference to the subject cited, this is to inform the Exchange that at the meeting of the Board of Directors of M/s. Cigniri Technologies limited held on Thursday, 2"" May, 2019 at 300 RM, at the corporate office of the company situated at 9m Floor, Atria Building, "The V" (Ascendes) Plot No#l7. Software Units Layout, Madhapur, Hyderabad - 500081 Telangana. lndia the following were duly considered and approved by the Board:

• 1. Audited financial results on consolidated and standalone basis for the quarter and year ended 31.032019.
• 1. Audit report for the Quarter and year ended 31.03.2019.
• 1. Appointment of M//s. BDO India. LLP as internal Auditors for the financial year 2019-20.
• 1. Notice of 21" Annual General Meeting for the financial year 2018- 19.
• 1. Directors report for the financial year 2018-19
• 1. Mr. K. Ch. Subba Rao, Director to retire by rotation at the ensuing Annual General meeting of the Company.
• 1. Secretarial Audit report for the financial year 201809.
• 1. Appointment of Mr. S. Sarveswar Reddy as Scrutinizer for scrutinizing the e-voting process on resolutions proposed at the ensuing Annual General Meeting ofthe Company.
• 1. Closure of Register of members From 20.07.2019 to 24.07.2019 for the purpose of convening the 21" Annual General Meeting of the Company.

This is for the information and records of the Exchange, please,

Thanking you.

Yours Faithfully,

For Cigniti Technologies

d . N 0U: I A.N.Vasudh Company Secretary

Clgnltl Tuhnologlls Lid USA Suite 106, 107. MGR Estates 433 e Lu Celina; Blvd, n 300 Dwarskapur! Colony mung. TX 75039 Funlagutta. Hyderabad 500 08! Andhva Pride", India ClN' L72200751998PLC30081

0 +91 (40) 3070 1255 0 9727560622 0 +91 (40) 3070 2299 0 971.7570948/0644

c .bil" Fl S.R. BATLIBOI & ASSOCIATES LLP tannin

Chartered Accountants Whitefield; Hltech C lv

T D Hyderabad 500 081 Incm Te '91 40 m4: 6000

Auditor's report on quarterly and year to date consolidated financial results pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

To Board of Directors Cigniti Technologies Limited

• 1. We have audited the accompanying statement of consolidated financial results of Cigniti Technologies Limited (the 'Company') and its subsidiaries (the Company and its subsidiaries together referred to as the 'Group'), for the quarter and year ended March 31, 2019 (the Statement), attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the 'Regulafion'), read with SEBI Circular No. ClR/CFD/FAC/62/2016 dated July 5, 2016 (the 'Circular'). The consolidated financial results for the quarter and year ended March 31, 2019 have been prepared on the basis of the consolidated financial results for the nine—month period ended December 31, 2018, the audited annual consolidated financial statements as at and for the year ended March 31, 2019, and the relevant requirements of the Regulation and the Circular, which are the responsibility of the Company's management and have been approved by the Board of Directors of the Company, Our responsibility is to express an opinion on these consolidated financial results based on our review of the consolidated financial results for the nine—month period ended December 31, 2018 which was prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard (Ind AS) 34, Interim Financial Reporting, specified under Section 133 of the Companies Act 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India; our audit of the annual consolidated financial statements as at and for the year ended March 31, 2019; and the relevant requirements of the Regulation and the Circular.
• 1. We conducted our audit in accordance with the auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial results are free of material misstatements. An audit includes examining, on a test basis, evidence supporting the amounts disclosed as financial results, An audit also includes assessing the accounting principles used and significant estimates made by management. We believe that our audit provides a reasonable basis for our opinion.
• 1. In our opinion and to the best of our information and according to the explanations given to us and based on the consideration of the reports of other auditors on separate financial statements and the other financial information of subsidiaries, these quarterly consolidated financial results as well as the year to date results:
  • i. includes the results of the following entities:
    • Cigniti Technologies Inc., USA
    • Gallop Solutions Private Limited, India
    • Cigniti Technology Canada Inc., Canada
    • Cigniti Technologies (UK) Limited, UK
    • Cigniti Technologies (Australia) Pty Ltd, Australia
    • 5599'???" Cigniti Technologies (NZ) Limited, New Zealand
  • ii are presented in accordance with the requirements of the Regulation read with the Circular, in this regard; and

give a true and fair view of the consolidated net profit including and other comprehensive income and other financial information for the quarter and year ended March 31, 2019.

S.R. BATLIBOI & ASSOCIATES LLP

Chartered Accountants

1. We did not audit the financial statements and other financial information, in respect of four subsidiaries, whose financial statements include total assets of Rs. 3,834.98 lakhs as at March 31, 2019 and total revenues of Rs' 3,464.13 lakhs and Rs. 13,530.71 lakhs for the quarter and year ended on that date respectively. These financial statements and other financial information have been audited by other auditors, which financial statements, other financial information and auditor's reports have been furnished to us by the management. Our opinion, in so far as it relates to the affairs of such subsidiaries is based solely on the report of other auditors. Our opinion is not modified in respect of this matter.

Certain of these subsidiaries are located outside India whose financial statements and other financial information have been prepared in accordance with accounting principles generally accepted in their respective countries and which have been audited by other auditors under generally accepted auditing standards applicable in their respective countries. The Company's management has converted the financial statements of such subsidiaries located outside India from accounting principles generally accepted in their respective countries to accounting principles generally accepted in India. We have audited these conversion adjustments made by the Company's management Our opinion in so far as it relates to the balances and affairs of such subsidiaries located outside India is based on the report of other auditors and the conversion adjustments prepared by the management of the Company and audited by us.

1. Further, read with paragraph 1 above, we report that the figures for the quarter ended March 31, 2019 represent the derived figures between the audited figures in respect of the financial year ended March 31, 2019 and the published year-to-date figures up to December 31, 2018, being the date of the end of the third quarter of the current financial year, which were subjected to a limited review as stated in paragraph 1 above, as required under the Regulation and the Circular.

For S.R. BATLIBOI 8: ASSOCIATES LLP Chartered Accountants ICAI Firm registration number: 101049W/E300004

Partner Membership No.: 213271

Place: Hyderabad Date: May 2, 2019

CIGNlTl TECHNOLOGIES LIMITED Suite 106,107, MGR Estates, Dwarakapuri Colony, Punjagutta, Hyderabad 500 081, Telangana, India ['11: +91 (40) 30702255, Fax: +91 (40) 30702299 ClN: L72200TG1998PLC030081

	51. No. Particulars	Statement of Audited Consolidated Financial Results for the quarterand year ended March 31, 2019Quarter ended			Year ended
		March 31, 2019(Refer note 3)Audited	December 31, 2018Unaudited	March 31, 2018(Refer note 3)Audited	March 31, 2019Audited	March 31, 2018Audited
1	Income
	Revenue from operations	20,644.04	20,996.51	17,864.49	81,607.60	69,328.14
	Other income (refer note 7)	93.87	(320.70)	272.07	2,645.00	34.87
	Finance income	34.30	21.01	20.89	79.50	22.92
	Total income	20,772.21	20,696.82	18,157.45	84,332.10	69,385.93
2	Expenses
	Employee benefits expense	12,158.66	11,890.82	11,399.24	47,535.59	47,009.80
	Finance costs	450.45	272.92	402.13	1,463.69
	Depreciation and amortisation expense	84.40	90.13	65.02	314.76	1,697.51270.70
	Other expenses	5,603.79	5,235.96
	Total expenses	18,297.30	17,489.83	4,342.3016,208.69	20,795.13	17,113.93
3	Profit before tax (1-2)	2,474.91	3,206.99	1,948.76	70,109.1714,227.93	66,091.94
4	Tax expense					3,293.99
	Current tax	(513.42)	327.85		849.11	3.21
	Taxes for earlier years (refer note 8)			(383.60)
	Deferred tax expense	A	-	352.40	(1,361.94)-	(422.68)496.13
	Total tax expense	(513.42)	327.35			76.66
5	Net profit for the period (3—4)	2,988.33	2,879.14	(31.20)1,979.96	(512.33)14,735.76	3,217.33
6	Items of other comprehensive income
	Other comprehensive income (expense):
	a) items that will be reclassified to profit or 1055	(3.64)	384.14	(295.85)	(879.58)	(203.19)
	1)) items that will not be reclassified to profit or loss, net of tax	1.03	(54.91)	49.89	(21.18)	129.92
	Total other comprehensive income	(2.61)	329.3	(245.96)	(900.76)	(73.27)
7	Total comprehensive income for the period (5+6)	2,985.72	3,208.37	1,734.00	13,835.00	3,144.06
8	Paid-up equity share capital(Face value of the share Rs. 10/- each)	2,766.43	2,751.98	2,724.80	2,766.43	2,724.80
9	Other equity				12,307.88
10	Earnings per share (EI'S) (of Rs.10/each)(not annualised)(amount in Rs.)					(2,036.54)
	Basic EPS	10.82	10.47	7.33	53.62	12.08
	Diluted EPS	10.74	10.34	7.24	53.21	11.92

Notes: 1

• The above audited consolidated financial results of Cigniti Technologies Limited ('the Company') were reviewed and recommended by the Audit Committee and thereafter approved at the meeting of the Board of Directors of the Company held on May 2, 2019.
• The consolidated financial results of the Company comprising its subsidiaries (together "the Group") includes the results of following subsidiaries:

Name of the subsidiary
Gallop Solutions Private Limited, India
Cigniti Technologies lnc., USA
Cigniti Technologies (UK) Limited, UK
Cigniti Technologies (Australia) Pty Ltd, Australia
Cigniti 'echnologies (Canada) Inc., Canada
Cigniti Technologies (NZ) Limited, New Zealand'

" During the current quarter, Cigniti Technologies (NZ) Limited was wound up effective January 30, 2019.

• The figures of the quarters ended March are the balancing figures between audited figures in respect of full financial year upto March and the unaudited published year to date figures upto December of each year, being the date of the end of the third quarter of the respective financial years which were subjected to limited review.
• Based on the internal reporting provided to the Chief Operating Decision Maker, the consolidated financial results relates to "Software testing services" as the only reportable primary segment of the Group.
• u. lnd AS 115 Revenue from Contracts with Customers, mandatory for reporting periods beginning on or after April 01, 2018, replaces existing revenue recognition requirements. Under the modified retrospective approach there were no significant adjustments required to the retained earnings at April 01, 2018. Also, the application of 1nd AS 115 did not have any significant impact on recognition and measurement of revenue and related items in the financial results.
• The Company has allotted 144,490 and 416,240 equity shares of Rs. 10 each during the quarter and year ended March 31, 2019 respectively, pursuant to exercise of options under employee stock option schemes and got the same listed at BSE & NSE.

Further, the Nomination and Remuneration Committee made the following grant during the year ended March 31, 2019:Vesting term	No. of options	Grant price
Over the period of 4 years	160,000	Rs. 240 -per share"
*Market closing price of- -ity shares of the Company immediately prior to the date of grant.-

CIGNITI TECHNOLOGIES LIMITED Suite 106,107, MGR Estates, Dwarakapuri Colony, Punjagutta, Hyderabad 500 081, Telangana, India Ph: +91 (40) 30702255, Fax: +91 (40) 30702299 CIN: L72200TG1998PLC030081

Notes continued:

7 Other income includes:

a) Net foreign exchange loss of Rs. 207.91 lakhs and net foreign exchange gain of Rs. 421.14 lakhs for the quarter and year ended March 31, 2019 respectively (net foreign exchange gain of R5. 587.39 lakhs for the quarter ended December 31, 2018 , net foreign exchange gain of Rs. 252.33 lakhs and net foreign exchange loss of Rs. 31.21 lakhs for the quarter and year ended March 31, 2018 respectively).

b) Export incentive for the year ended March 31, 2019 amounting to Rs. 1,269.341akhs pertaining to the period from April 2015 to March 2018 recognized based on the duty strips grant received,

• 8 Cigniti Technologies Inc., USA subsidiary of Cigniti Technologies Limited has carried back unabsorbed tax losses for the year ended December 2017 to set off the taxable income for the earlier years. During the year ended March 31, 2019, the subsidiary company has received refund order from the department and accordingly has reversed the tax provision pertaining to such earlier years amounting to Rs 1,361.94 lakhs.
• 9 The above consolidated financial results are also available on the stock exchange websites www.bseir\diarcom and www.nseindia.com and on our website
• 10 Previous period figures have been regrouped/ reclassified wherever necessary to conform to the current period classification.

For Cigniti lechnulogies Limited

H N «(QC Oz ( I V \ . n ' C.V, Subramanyam Chairman and Managing Di ~

Place: Hyderabad Date: May 2, 2019

CIGNITI TECHNOLOGIES LIMITED

Suite 106,107, MGR Estates, Dwarakapuri Colony, Punjagutta, Hyderabad 500 081, Telangana, India

Ph: +91 (40) 30702255, Fax: +91 (40) 30702299

CIN: L72200TGI9981'LC030081

Statement of consolidated assets and liabilities		(Rs. In Lakhs)
Particulars	As atMarch 31, 2019	As atMarch 31, 2018
	(Audited)	(Audited)
ASSETS
Non-current assets
Property, plant and equipment	1,361.76	685.81
Goodwill	5,486.22	5,486.22
Financial assets
Loans	421.53	340.14
Other non-current financial assets	3.41	15.96
Other non-current assets	-	140.00
Subtotal -Non-current assets	7,272.92	6,668.13
Current assets
Financial assets
Loans	104.70	1,779.84
Trade receivables	12,369.00	11,467.55
Cash and cash equivalents	6,146.30	1,789.15
Bank balances other than cash and cash equivalents	9.91	44.42
Other current financial assets	3,128.38	1,208.95
Current tax assets, net	448.11	25.84
Other current assets	1,270.87	820.62
Subtotal -Current assets	23,477.27	17,136.37
Total Assets	30,750.19	23,804.50
EQUITY AND LIABILITIES
Equity
Equity share capital	2,766.43	2,724.80
Other equity	12,307.88	(2,036.54)
Subtotal -Equity	15,074.31	688.26
Liabilities
Non-current liabilities
Financial liabilities
Borrowings	-	1,481.48
Long term provisions	747.47	649.49
Subtotal -Non—current liabilities	747.47	2,130.97
Current liabilities
Financial liabilities
Short term borrowings	7,368.73	11,101.37
Trade payables	5,618.35	5,424.49
Other current financial liabilities	216.95	649.48
Short term provisions	293.61	178.12
Current tax liability, net	105.85	1,621.88
Other current liabilities	1,324.92	2,009.93
Subtotal -Current liabilities	14,928.41	20,985.27
Total Equity and Liabilities	30,750.19	23,804.50

, tot" '= S.R. BATL 130/ & ASSOCIATES LLP minim:

T H} . ' TM ' +91 40 61/11 6000

Auditor's Report on quarterly and year to date standalone financial results pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

To Board of Directors Cigniti Technologies Limited

• 1. We have audited the accompanying statement of standalone financial results of Cigniti Technologies Limited (the 'Company') for the quarter and year ended March 31, 2019 (the 'Statement'), attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the 'Regulation'), read with SEBI Circular No. CIR/CFD/FAC/62/ 2016 dated July 5, 2016 (the 'Circular'), The standalone financial results for the quarter and year ended March 31, 2019 have been prepared on the basis of the standalone financial results for the nine-month period ended December 31, 2018, the audited annual standalone financial statements as at and for the year ended March 31, 2019, and the relevant requirements of the Regulation and the Circular, which are the responsibility of the Company's management and have been approved by the Board of Directors of the Company. Our responsibility is to express an opinion on these standalone financial results based on our review of the standalone financial results for the nine—month period ended December 31, 2018 which was prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard (Ind AS) 34 Interim Financial Reporting, specified under Section 133 of the Companies Act 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India; our audit of the annual standalone financial statements as at and for the year ended March 31, 2019; and the relevant requirements of the Regulation and the Circular.
• 1. We conducted our audit in accordance with the auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial results are free of material misstatements. An audit includes examining, on a test basis, evidence supporting the amounts disclosed as financial results, An audit also includes assessing the accounting principles used and significant estimates made by management. We believe that our audit provides a reasonable basis for our opinion.
• 1. In our opinion and to the best of our information and according to the explanations given to us, these quarterly standalone financial results as well as the year to date results:
  • i. are presented in accordance with the requirements of the Regulation read with the Circular, in this regard, and
  • iii give a true and fair view of the net profit including other comprehensive income and other financial information for the quarter and year ended March 31, 2019.

S.R. BATLIBOI & ASSOCIATES LLP

Chartered Accountants

1. Further, read with paragraph 1 above, we report that the figures for the quarter ended March 31, 2019 represent the derived figures between the audited figures in respect of the financial year ended March 31, 2019 and the published year—to-date figures up to December 31, 2018, being the date of the end of the third quarter of the current financial year, which were subjected to a limited review as stated in paragraph 1 above, as required under the Regulation and the Circular.

For S.R. BATLIBOI & ASSOCIATES LLP Chartered Accountants

ICAI Firm r ation number: 101049W/E300004

peLSha r rmiv san Partner Membership No.: 213271

Place: Hyderabad Date: May 2, 2019

CIGN'H'I TECHNOLOGIES LlMlTED

Suite 106,107, MGR Blales, Dwarakapuri Colony, Pnnjagulld, Hyderabad 500 031, Telangana, India

Ph: +91 (40) 30702255, Fax: +91 (40) 30702299

CIN: L72200TG1998PLC030081
----------------------------	--

	Sl. No. Particulars	Ouarter ended			Year ended
		March 31, 2019(Refer note 2)	December 31, 2018Unaudited	March 31, 2018(Refer note 2)Audited	March 31, 2019Audited	March 31, 2018Audited
		Audited
$\mathbf{1}$	Income
	Revenue from operations	7,331.76	6,594.16	5,933.67	26,088.90	24,375.58
	Other income (refer note 6)	200.18	(225.07)	322.36	2,759.01	102.46
	Finance income	34.25	37.10	42.58	143.58	139.54
	Total income	7,566.19	6,406.19	6,298.61	28,991.49	24,617.58
$\overline{2}$	Expenses
	Employee benefits expense	4,153.83	3,796.11	3,439.46	15,474.37	14,417.84
	Finance costs	19.33	28.28	191.16	325.33	780.28
	Depreciation and amortisation expense	70.77	74.89	49.74	255.90	207.68
	Other expenses	1,625.66	1,475.75	1,594.46	6,218.63	6,387.75
	Total expenses	5,869.59	5,375.03	5,274.82	22,274.23	21,793.55
3	Profit before tax (1-2)	1,696.60	1,031.16	1,023.79	6,717.26	2,824.03
4	Tax expense
	Current tax	(314.59)	255.90	(386.05)	745.83
	Deferred tax expense			349.94		282.96
	Total tax expense	(314.59)	255.90	(36.11)	745.83	282.96
5	Net profit for the period (3-4)	2,011.19	775.26	1,059.90	5,971.43	2,541.07
$\overline{6}$	Items of other comprehensive income
	Other comprehensive income - items that will not be reclassified toprofit or loss (net of tax)	1.03	(54.91)	49.89	(21.18)	129.92
	Total other comprehensive income	1.03	(54.91)	49.89	(21.18)	129,92
7	Total comprehensive income for the period (5+6)	2,012.22	720.35	1,109.79	5,950.25	2,670.99
8	Paid-up equity share capital(Face value of the share Rs. 10/-each)	2,766.43	2,751.98	2,724.80	2,766.43	2,724.80
9	Other equity				21,077.35	14,541.88
10	Earnings per share (EPS) (of Rs.10/each) (not annualised)(amount in Rs.)
	Basic EPS	7.28	2.82	3.93	21.73	9.54
	Diluted EPS	7.23	2.78	3.88	21.56	9.42

Noles:

l The above audited standalone financial results of Cigniti Technologies Limited (the Company') were reviewed and recommended by the Audit Committee and thereafter approved at the meeting of the BDdrd of Directors of the Company held on May 2. 2019.

The figures of the quarters ended March are the balancing figures between audited figures in respect of full financial year upto March and the unaudited published year to date figures upto December of each year, being ttre date of the end of the third quarter of the respective financial years which were subjected to limited review.

• 3 Based on the internal reporting provided to the Chief Operating Decision Maker, the standalone financial results reiates to "Software testing services" as the only reportable primary segment of the Company,
• 4 1nd 115 115 Revenue from Contracts with Customers, mandatory for reporting periods beginning on or after April 01, 2013, replaces existing revenue recognition requiremertts. Under the modified retrospective approach there were no significant adjustments required to the retained earnings at ApIil 01, 2013. Also, the application of Ind AS 115 did not have any significant impact on recognition and measurement of revenue and related items in the financial results,
• The Company has allotted 144,490 and 416,240 equity shares of Rs. 10 each during the quarter and year ended March 31,2019 respectively, pursuant to exercise of options under employee s|ock option schemes and got the same listed dl 333 3r NSE.

Further, the Nomination and Remuneration Committee made the following grant during the year ended March 31, 2019:

Vesting term	No. of options	Grant price
Over the period of 4 years		160,000 Rs. 240/- per share*
* Market closing price of the equity shares of the Company immediately prior to the date of grant.

Ollter tncuttte includes:

a) Net foreign exchange loss of Rs, 73.31 laklls and net foreign exchange gain of Rs. 575.07 ldkhs for the quarter and year ended March 31, 2019 respectively (net foreign exchange loss of Rs. 433.47 lath for the quarter ended December 31, 2013, net foreign exchange gairr of Rs.317,13 laldts and Rs. 33.37 lalchs for the quarter and year ended March 31. 2013 respectively).

b) Export incentive for the year ended March 31, 2019 amounting to Rs. 1,269.34 laldls pertaining to the period from April 2015 to March 2013 recognized based on the duty scrlpb grant received.

The dhove standalone financial results are also available on the stack exchange websiles www.bseiltdin.com and www.nseindia.cum and on our websile www.cignlli.c01n.

8 Previous period figures have been regrouped/ reclassified wherever necessary to conform to the current period classification.

For Cigniti Technologies Ltd
	Hyderabad
C.V. SubramanyamChairman and Managing Director

Place: 1 lydrrabad Date: hiay 2 2019

CIGNITI TECHNOLOGIES LIMITED

Suite 106,107, MGR Estates, Dwarakapuri Colony, Punjagutta, Hyderabad 500 081, Telangana, India

Ph: +91 (40) 30702255, Fax: +91 (40) 30702299

CIN: L72200TG1998PLC030081

Statement of standalone assets and liabilities		(Rs. In Lakhs)
	As at	As at
Particulars	March 31, 2019	March 31, 2018
	Audited	Audited
ASSETS
Non-current assets
Property, plant and equipment	1,297.14	605.13
Financial assets
Investments	6,941.31	6,941.31
Loans	421.53	340.14
Other non-current assetsSubtotal -Non-current assets	7.048,667.02	140.008,026.58
Current assets
Financial assets
Loans	41.58	2,429.42
Trade receivables	10,793.97	14,759.53
Cash and cash equivalents	5,208.56	223.55
Bank balances other than cash and cash equivalents	9,91	44.42
Other current financial assets	2,879.07	1,778.08
Current tax assets, netOther current assets	199.82	-
	1,100.46	677.86
Subtotal -Current assets	20,233.37	19,912.86
Total Assets	28,900.39	27,939.44
EQUITY AND LIABILITIES
Equity
Equity share capital
Other equity	2,766.43	2,724.80
Subtotal -Equity	21,077.3523,843.78	14,541.8817,266.68
Liabilities
Non-current liabilities
Financial liabilities
Borrowings	-	1,481.48
Long term provisionsSubtotal -Non-current liabilities	747.47	649.49
	747.47	2,130.97
Current liabilities
Financial liabilities
Borrowings	1,094.78	3,914.64
Trade payables
i)total outstanding dues of micro enterprisesand small	-	-
enterprises
ii)total outstanding dues of creditors other than microenterprises and small enterprises	967.98	675.50
Other current financial liabilities	2,044.57	2,695.47
Short term provisions	119.39	178.12
Current tax liability(net)	-	320.11
Other current liabilities	82.42	757.95
Subtotal -Current liabilities	4,309.14	8,541.79
Total Equityand Liabilities	28,900.39	27,939.44