Dynacons Systems & Solutions Ltd. — Capital/Financing Update 2022

Aug 10, 2022

DYNACONS EMPOWER SOLUTIONS THAT Date: August 10, 2022 To, National Stock Exchange of India Limited Exchange Plaza, C— 1, Block G, Phiroze Jeejeebhoy Tower, Bandra Kurla Complex, Bandra (East), Mumbai — 400051 Scrip Code- 532365 Symbol - DSSL Sub; Outcome of Board Meeting held on August 10, 2022 With reference to the above subject matter and as per Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") we wish to inform you that in the meeting of the Board of Directors of the Company held today i.e. on Wednesday August 10, 2022, at the corporate office of the Company at 3'¢ Floor, A Wing, Sunteck Centre, Mumbai-400057, Near Garware Chowk, Road, the following (East), Parle Vile considered and approved: Un-Audited Standalone and Consolidated Financial Results for the quarter ended on June 30, 2022 along with Limited Review Report. 2. Interim Dividend of Rs.0.50 per Equity Share of Rs.10 each of the Company. (5% of the face value) Known HSPN Associates (Formerly LLP HS Associates), M/s. & as Company Secretaries as the Secretarial Auditors of the Company for the Financial Year 2022- 2023 Pattnaik, as an Internal auditor of the Company, for a Satya Mr. years for Financial Year 2022-2023 and 2023-2024 Monday August 2022 Interim Dividend and from, the be paid on shall 29, to shareholders of the Company, whose names appear on the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on Tuesday, August 23, 2022 which is the Record Date fixed for the purpose. The details required under Regulation 30 of the Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015, dated September 09, 2015, are enclosed as Annexure 1. Dynacons Systems & Solutions Limited CIN NO : L72200MH1995PLC093130
	BSE Limited
	Dalal Street,
	Mumbai — 400 001
	Subhash	was
	1.
		Practicing
	3. Appointed
	4. Appointed	period of two
	The	equity
Certified ISO 9001:2008, ISO 14001:2015, ISO 20000-1:2011, ISO 27001:2013, CMMI Maturity Level 3 Registered Office : 78, Ratnajyot Industrial Estate, Irla Lane, Vile Parle West, Mumbai - 400 056.

Sub; Outcome of Board Meeting held on August 10, 2022

• 1. Un-Audited Standalone and Consolidated Financial Results for the quarter ended on June 30, 2022 along with Limited Review Report.
• 1. Interim Dividend of Rs.0.50 per Equity Share of Rs.10 each of the Company. (5% of the face value)
• 1. Appointed M/s. HSPN & Associates LLP (Formerly Known as HS Associates), Practicing Company Secretaries as the Secretarial Auditors of the Company for the Financial Year 2022- 2023
• 1. Appointed Mr. Satya Pattnaik, as an Internal auditor of the Company, for a period of two years for Financial Year 2022-2023 and 2023-2024

The meeting commenced at 05:30 p.m. and concluded at 09:30 p.m.

You are requested to kindly take the above information in your records.

Thanking You, Yours faithfully,

4 \ \ | B < Compliance Office

Annexure 1

Details required under Regulation 30 of Listing Regulations CIR/CFD/CMD/4/2015 dated September 09, 2015. read along with SEBI Circular

O Annexure 1 Regulations under Regulation required SEBI Details along Listing read with Circular 30 of CIR/CFD/CMD/4/2015 dated September 09, 2015. Remarks Remarks Sr. Particular No. Reason for change viz. Appointment Appointment 1 appointment, removal, No Nochange as Mr. Satya Pattnaik change HSPN resignation, as &/ (formerly was appointed death or otherwise Associates LLP Internal the as known as HS Associates) were Auditor of the Company for the Secretarial Financial year 2021-22 appointed the as Company Auditor the for of the Financial year 2021-22 appointment Appointment for the Financial Appointment Date Financial the of for 2. Year 2022-2023 (One Year) 2022-2023 2023-2024 /cessation and Year & term of appointment (Two Year) Brief Profile (in case of Name of Audit Firm: Satya Pattnaik M/s. Mr. has an 3 appointment) HSPN experience of over 20 years Associates LLP & in known (formerly HS Service Industry, currently as IT working Associates). President Vice as a in Dynacons Systems Solutions & Office Address: 206, Tantia Limited. He has done Masters of Jogani Industrial Estates, & (MBA) Administration in J.R. Boricha Marg, Lower Parel Information Technology and is a (E), Mumbai-400 001 graduate economics post in from Berhampur University. Mr. Terms appointment: of Pattnaik responsible for Conduct is Secretarial Audit for operations business project(s) Financial Year 2022-2023. development including the of About HSPN the firm: & projects and objectives, leading ("HSPN") Associates LLP coordinating project initiatives, known (formerly HS resources and staff involvement, as Associates) firm providing oversight and of a is Company Secretaries ensuring and direction project established 1989 the year completion. in Hemant and lead by Mr. S. The firm Shetye. wide has a extensive — corporate and experience of over 3 decades evolving and growing by each HSPN passing year. a is corporate service law firm expertise with special in
		We corporate laws. are

	acknowledged experts	O
	in all of company areas secretarial company and practice law broad base with client of a exceptional depth and quality. Our dedication to the clients' interests' means that we strive for legal excellence as well as commercial appreciate the environment which our in We combine operate. clients' a personal approach with high standards professional and aim to provide comprehensive service the field of in company corporate law, secretarial and other services.
	Presently the LLP have three Designated Partners: 1. Mr. Hemant S. Shetye 2. Mr. Prakash D. Naringrekar 3. Mr. Ketan R. Shirwadkar
Disclosure of Relationships between Directors case of (in appointment of Director)	Not Applicable	Not Applicable

MSP &CO.

CHARTERED ACCOUNTANTS

76, RATNAJYOT INDUSTRIAL ESTATE, IRLA LANE, VILE PARLE (WEST), MUMBAI 400 056. TEL. 96999 57001. EMAIL: mspandco@gmail.com

Independent Auditors' Review Report

To the Board of Directors of Dynacons Systems and Solutions Limited

• 1. We have reviewed the accompanying statement of unaudited Standalone financial results of Dynacons Systems and Solutions Limited ("the Company") for the quarter ended June 30, 2022. This statement is the responsibility of the Company's Management and has been approved by the Board of Directors. Our responsibility is to issue a report on these financial statements based on our review.
• 1. We conducted our review in accordance with the Standard on Review Engagements (SRE) 2410 'Review of Interim Financial Information 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 of material misstatement. A review is limited primarily to inquiries of Company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
• 1. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement of unaudited financial results prepared in accordance with the applicable Accounting Standards and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement.

For MSP &CO. CHARTERED ACCOUNTANTS Firm Registration No. 107565W

Digitally signed by MADHUSUDAN MADHUSUDAN SHANTILAL SHANTILAL PARIKH bate:20220210212'517

M.S. Parikh, Partner Membership No. 08684 Mumbai August 10, 2022 UDIN :- 22008684AQUHRQ7706

+0530"

MSP&CO.

CHARTERED ACCOUNTANTS

76, RATNAJYOT INDUSTRIAL ESTATE, IRLA LANE, VILE PARLE (WEST), MUMBAI 400 056. TEL. 96999 57001. EMAIL: mspandco@gmail.com

Independent Auditors' Review Report

To the Board of Directors of Dynacons Systems and Solutions Limited

• 1. We have reviewed the accompanying statement of Consolidated Unaudited financial results of Dynacons Systems and Solutions Limited ("the Parent") and its subsidiary (together referred to as "the Group") for the quarter ended June 30, 2022, being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
• 1. This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India. Our responsibility is to express a conclusion 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 Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.

MSP&CO.

CHARTERED ACCOUNTANTS

76, RATNAJYOT INDUSTRIAL ESTATE, IRLA LANE, VILE PARLE (WEST), MUMBAI 400 056. TEL. 96999 57001. EMAIL: mspandco@gmail.com

• 4, The Statement includes the results of the following entities :
• i) Dynacons Systems and Solutions Ltd ( Holding Company )
• ii) Dynacons Systems and Solutions PTE Limited (Subsidiary Company )
• 1. Based on our review conducted and procedures performed as stated in paragraph 3 above and as per paragraph 6, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.
• 1. The consolidated unaudited financial results includes the interim financial results of one subsidiary whose interim financial results reflects total revenue of Rs. NIL, the total net loss of Rs.0.12 Lakh for the quarter ended June 30, 2022 as considered in the consolidated unaudited financial results which have not been reviewed by their auditors. According to the information and explanations given to us by the management, these interim financial results are not material to the Group.

ForMSP&CO. CHARTERED ACCOUNTANTS Firm Registration No. 107565W

MADHUSUDAN Digitally signed ky MADHUSUDAN SHANTILAL PARIKH. SHANTILAL PARIKH date: 2022.08.10 21:14:19 +05'30'

M.S. Parikh, Partner Membership No. 08684 Mumbai August 10, 2022 UDIN : 22008684AOQUHTN9803

Statement of Unaudited Standalone and Consolidated Financial Results for the Quarter Ended Jun 30, 2022

Statement of Unaudited Particulars	3 months ended 30-Jun-22	SOLUTIONS Preceding 3 months ended 31-Mar-22	DYNACONS STANDALONE Corresponding 3] months ended in} the previous year 30-Jun-21	THAT (Rs in lakh Year to date figures for the previous Year ended 31-Mar-22	EMPOWER Standalone and Consolidated Financial Results for the Quarter Ended Jun 30, 2022 3 months ended 30-Jun-22	Preceding 3 months ended 31-Mar-22	CONSOLIDATED Corresponding 3] months ended in} the previous year 30-Jun-21	(Rs in lakh) Year to date figures for the previous Year ended 31-Mar-22
Income from Operations	Unaudited	Audited	Unaudited	Audited	Unaudited	Audited	Unaudited	Audited
a) Net Sales/ Income from operations b) Other Income 'Total Income from Operations	15,968.49 47.82 16,016.31	20,922.01 34.53 20,956.55	14,617.89 40.53 14,658.42	65,397.61 186.56 65,584.17	15,968.49 47.82) 16,016.31	20,922.02 34.57 20,956.59	14,617.89 40.53 14,658.42	65,397.61 186.60 65,584.21
Expenses a) Cost of material consumed b) Changes in Inventories c) Employee benefits expense	13,692.66 444.32 730.78	21,284.80 (2,667.80) 779.57	11,751.18 1,465.20 645.98	61,681.89 (2,843.98) 2,756.82	13,692.66 444.32 730.78	21,284.80 (2,667.80) 779.57	11,751.18 1,465.20 645.98	61,681.89 -2,B43.98 2,756.82
d) Finance Costs e) Depreciation and amortization expense f) Other expenses	282.17 33.66 227.33	255.61 52.13 333.10	195.65 37.04 151.45	893.28 135.53 755.32	282.17 33.66 227.45	255.61 52.13 335.73	195.65 37.04 151.48	893.28 135.53 758.47
Total expenses (a to f) Profit before tax 'Tax expense	15,410.93 605.39 152.52)	20,037.42 919.13 274.23	14,246.49 411.93 87.87	63,378.85 2,205.31 559.33	15,411.05 605.26 152.52	20,040.05 916.54 274.23	14,246.52 411.90 87.87	63,382.00 2,202.20 559.33
Net Profit for the period Other comprehensive income A(i) Items that will not be reclassified to 'profit or loss	452.87	644.90	324.06	1,645.98	452.75	642.31	324.03	1,642.87
- Remeasurement of defined Benefit Plans - Gains and losses from investments in equity instruments	(2.32) (7.91)	(1.86) 6.45)	(2.46) 3.68	(9.16) 12.11	(2.32) (7.91)	(1.86) (0.88)	(2.46) 3.68}	(9.16) 12.11
A(ii) Income tax relating to items that will not be reclassified to profit or loss	0.58}	1.95	0.00	2.30	0.58	1.95	0.62	2.30
B(i) Items that will be reclassified to profit or loss B(ii) Income tax relating to Items that will be reclassified to profit or loss Total other comprehensive income (A (i-ii) +B (i-ii)	0.00 0.00 (9.65)	0.00 0.00 6.55	0.00 0.00	0.00 0.00 5.25	0.00 0.00	0.00 0.00 (0.78)	0.00 0.00 1.84	0.00 0.00
Total comprehensive income Paid up equity share capital Earninas Per Share of Face value of Rs. 10 Each	443.22 1,127.81	651.45 1,127.81	1.22 325.28 1,013.31	1,651.23 1,127.81	(9.65) 443.10 1,127.81	641.53 1,127.81	325.87 1,013.31	5.25 1,648.12 1,127.81
Basic EPS (Total Comprehensive Income) Diluted	4.02	6.36	3.22 2.55	15.39	4.01	6.34	3.22	15.36
EPS (N Profit) above unaudited financial results were reviewed by 1) The 2022 2) The company operates in the segment of Systems Integration and Services 3) The unaudited financial results of the Company for the quarter ended June 30, 2022 have been subject to limited review by its Statutory Auditors. 4) The Board of Directors have declared a interim dividend of Rs.0.50 per equity share of Rs.10/-each. The cash outgo on account of interim dividend will be Rs.56.39 lakhs 5) The fiaures for the previous period have been rearouped and re-arranged, wherever necessary, to make them comparable with the current period.	3.57 the Audit Committee	5.58 at its meeting	held on August	13.59 10, 2022 and were	3.57) approved by the	5.56 Board of Directors	2.55 in its meeting For Dynacons Systems & Solutions Ltd. for and on behalf of the Board of Directors	13.57 on August held 10,
Mumbai August 10, 2022						Dharmesh Anjari Executive Director Din No: 00445009	EMS MUMBAI 2 o( Vv, & 4 oy	G <6 SHOWN S "AY, 3
Certified ISO 9001:2008, ISO 14001:2015, ISO 20000-1:2011, ISO 27001:2013, CMMI Maturity Level 3 Registered Office : 78, Ratnajyot Industrial Estate, Irla Lane, Vile Parle West, Mumbai - 400 056. Corporate Office GE +91-22-66889900 ld	+91-22-26716641	@)	CIN NO : L72200MH1995PLC093130 www.dynacons.com		Dynacons Systems & Solutions Limited M4	sales@dynacons.com		: 3rd Floor, A Wing, Sunteck Centre, Subhash Road, Near Garware Chowk, Vile Parle East, Mumbai - 400 057. 1860-123-4444

For Dynacons Systems & Solutions Ltd. for and on behalf of the Board of Directors

EMS G <6 Dharmesh Anjari Executive Director Din No: 00445009 ²o(| MUMBAI SHOWN Vv, & 4 S oy "AY, ³

Dynacons Systems & Solutions Limited