Dynacons Systems & Solutions Ltd. — Interim / Quarterly Report 2021

Aug 12, 2021

	SOLUTIONS	DYNACONS EMPOWER THAT
	August 12, 2021
	To, BSE Limited Phiroze Jeejeebhoy Tower, Dalal Street, Mumbai — 400 001 Scrip Code- 532365	National Stock Exchange of India Limited Exchange Plaza, C— 1, Block G, Bandra Kurla Complex, Bandra (East), Mumbai — 400051 Symbol - DSSL
	Sub: Outcome of Board Meeting held on August 12, 2021
	Pursuant to the provisions of SEBI Company held today i.e. on August 12, Review Report for the same.	(Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that in the meeting of the Board of Directors of the 2021, the Board has adopted Un-Audited Standalone and Consolidated Financial Results for the quarter ended on June 30, 2021 along with Limited
	We enclose herewith copy of Un-Audited Standalone and Consolidated with Limited Review Report submitted by the Auditor in the required format.	Financial Results along
	value)	We would like to inform you that at the Board Meeting held today, the Directors have declared an Interim Dividend of Rs.0.50 per Equity Share of Rs.10 each of the Company. (5% of the face
	The Interim Dividend shall be paid on and from, August 27, 2021 to the equity 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 Monday, August 23, 2021 which is the Record Date fixed for the purpose.
	other relevant papers of the Company at 3"	Further, we would like to inform that the Company would keep all or any books of account and Subhash Sunteck Centre, A Wing, Road, Floor, Near Garware Chowk, Vile Parle (East), Mumbai-400057, besides the registered office address of the Company at 78, Ratnajyot Industrial Estate, Irla Lane, Vile-Parle (W), Mumbai-400056.
	the Dynacons Systems & Solutions Limited Monitor and Report Trading Designated by Eight) hours after the dissemination of the un-audited financial ended days inclusive) for the quarter on	Further, in continuation of our letter dated June 30, 2021 and March 30, 2021 and in terms of Code of Business Conduct and Code to Regulate, window for insiders which Person, the trading is already closed with effect from March 30, 2021, shall continue to remain closed till 48 (Forty- results of the Company (both June 2021. 30,
	Dynacons CIN NO :	Systems Solutions Limited & L72200MH1995PLC093130 Certified ISO 9001:2008, ISO 20000-1:2011, ISO 27001:2013
@®	Corporate Office +91-22-66889900 Wim +91-22-26716641 @®	Registered Office : 78, Ratnajyot Industrial Estate, Irla Lane, Vile Parle West, Mumbai - 400 056, x : 3rd Floor, A Wing, Sunteck Centre, Subhash Road, Near Garware Chowk, Vile Parle East, Mumbai - 400 057. www.dynacons.com i sales@dynacons.com 1860-123-4444

Sub: Outcome of Board Meeting held on August 12, 2021

We request you to kindly take the same on your record and acknowledge the receipt of same.

The meeting commenced at 00:00pm _ and concluded at ()F: 30 pe m.. For Dynacons Systems &

Thanking you,

Dharmesh Anjaria EN AS Executive Director & : Chief Financial Officer Din: 00445009

Statement of Unaudited Standalone and Consolidated Financial Results for the Quarter Ended Jun 30, 2021

				DYNACONS
		SOLUTIONS	THAT	EMPOWER
Statement of				Unaudited Standalone and Consolidated Financial Results for the Quarter Ended Jun 30, 2021
			STANDALONE Corresponding Year to date	(Rs in lakh)		CONSOLIDATED	Corresponding Year to date	(Rs in lakh)
\ Particulars	3 months ended}	Preceding 3 months ended	3 months ended] in the previous previous Year year	figures for the ended	3 months ended	months ended	3 months ended] Preceding 3 in the previous previous Year year	figures for the ended
	30-Jun-21 Unaudited	31-Mar-21 Audited	30-Jun-20 Unaudited	31-Mar-21 Audited	30-Jun-21 Unaudited	31-Mar-21 Audited	30-Jun-20 Unaudited	31-Mar-21 Audited
Income from Operations a) Net Sales/ Income from operations b) Other Income Total Income from Operations	14,617.89 40.53	13,087.20 20.38	5,802.87 37.50	43,593.93 186.74	14,617.89 40.53	13,087.02 20.31	5,802.87 37.50	43,593.68
Expenses a) Cost of material consumed b) Changes in Inventories	14,658.42 11,751.18 1,465.20	13,107.58 15,349.84	5,840.37 4,767.16	43,780.67 42,185.41	14,658.42 11,751.18 1,465.20	13,107.34 15,349.84	5,840.37 4,767.16	43,725.14 42,185.41
c) Employee benefits exnense d) Finance Costs e) Depreciation and amortization expense	645.98 195.65 37.04	(3,763.55) 650.06 144.85 51.64	59.67) 501.44 208.81 16.29	(3,374.80) 2,393.67 705.80 125.80	645.98 195.65 37.04	(3,763.55) 650.06 144.85 51.57	59.67 501.44 208.81 16.29	(3,374.80)
f) Other expenses Total expenses (a to f)	151.45 14,246.49	232.10 12,664.94	106.49 5,659.86	535,30 42,571.17	151.48 14,246.52	241,19 12,673.96	106.53 5,659.90	42,579.76
Profit before tax Tax expense Net Profit for the period	411.93 87.87 324.06	442.64 129.15 313.49	180.52 38.50 142.02	1,209.49 287.24 922.26	411.90 87.87 324.03	433.38 133.56 299.82	180.47 38.50 141.98
Other comprehensive income A(i) Items that will not be reclassified to profit or loss - Remeasurement of defined Benefit Plans	(2.46)	(0.37)	(5.11)	(9.61)	(2.46)	(0.37)	(5.11)
- Gains and losses from investments in equity instruments ~ Foreian Exchanae Gains or loss	3.68 0,00)	(0.16) 0.00)	(0.10) 0.00	0.00 0.00	3.68 0.00)	7.93 0.00	(0.10) 0.00)
A(ii) Income tax relating to items that will not be reclassified to profit or loss	0.00	0.09	0.00	2.41	0.62	0.09)	1.28
B(i) Items that will be reclassified to profit or loss B(ii) Income tax relating to Items that will be	0.00	0.00	0.00	0.00	0.00	0.00	0.00
reclassified to profit or loss Total other comprehensive income (A (i-ii) +B (i-ii) Total comprehensive income	0.00 1,22 325.28	0.00 (0.44) 313.05	0.00 (5.21) 136.81	0.00 (7.20) 915.06	0.00 1.84 325.87,	0.00 7.46. 307.28	0.00 (3.92) 138.05
Earnings Per Share Basic EPS (N Profit) EPS (Total Comprehensive Income)	3.20 3.22	3.45 3.45	1.55 1.51	10.08 10.09	3.20 3.22	3.30 3.38	1,55 1.50
Diluted EPS (N Profit) Comprehensive Income) EPS (Total	2.55, 2.57	2.69 2.69	155 1.51	7.88 7.88	2.55 2.57	2.58 2.64	1.55 1.50
1) The above unaudited results were reviewed financial 12, 2021	by the Audit	Committee meeting at its	August held on	12, 2021 and were	approved by the	Board of Directors	in its meeting	held on August
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, 2021 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.50.67 lakhs 5)The impact of COVID-19 continues to remain uncertain and may be different from what the Company have estimated as of the date of approval of these financial results. The Group will continue to closely monitor any material changes to future economic conditions.
6) The fiaures for the previous period have been rearouped and re-arranaed. wherever necessary. to make them comparable with the current period,							For Dynacons Systems & Solutions Ltd.
							for and on behalf of the Board of Directors
Mumbai August 12, 2021						Dharmesh Anjaria Executive Director Din No: 00445009
				Dynacons Systems & Solutions Limited
		CIN NO : L72200MH1995PLC093130

Dharmesh Anjaria August 12, 2021 Executive Director Din No: 00445009

Dynacons Systems & Solutions Limited

Registered Office : 78, Ratnajyot Industrial Estate, Irla Lane, Vile Parle West, Mumbai - 400 056. Corporate Office : 3rd Floor, A Wing, Sunteck Centre, Subhash Road, Near Garware Chowk, Vile Parle East, Mumbai - 400 057.

MSPS&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, 2021. 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.

Emphasis of Matters

• i) The Opinion expressed in the present report is based on the information, facts and inputs made available to us through electronic means by the Company. We wish to highlight that due to the COVID-19 induced restrictions on physical movement and strict timelines, the entire audit team could not visit the office of the Company for undertaking the required audit procedures as prescribed under ICAI issued Standards on Auditing, including but not limited to:
• ° Inspection, Observation, examination and verification of the original documents of invoices, legal agreements, bank accounts statements / loan accounts statements and files.
• ° Physical verification of Cash.
• e Physical Verification of Property, Plant and Equipment, Inventories as on June 30, 2021.
• ° Any other processes which required physical presence of the audit team.

Our opinion is not modified in respect of this matter.

MSP&CO.

CHARTERED ACCOUNTANTS

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

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,

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

PARIKH

M.S. Parikh, Partner Membership No. 08684 Mumbai August 12, 2021 UDIN :- 21008684AAAACK4017

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, 2021, 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.
• 1. 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

1. The Statement includes the results of the following entities :-

2. i) Dynacons Systems and Solutions Ltd ( Holding Company )

3. ii) Dynacons Systems and Solutions PTE Limited (Subsidiary Company )

Emphasis of Matters

• i) The Opinion expressed in the present report is based on the information, facts and inputs made available to us through electronic means by the Company. We wish to highlight that due to the COVID-19 induced restrictions on physical movement and strict timelines, the entire audit team could not visit the office of the Company for undertaking the required audit procedures as prescribed under ICAI issued Standards on Auditing, including but not limited to:
• ° Inspection, Observation, examination and verification of the original documents of invoices, legal agreements, bank accounts statements / loan accounts statements and files.
• ° Physical verification of Cash.
• ° Physical Verification of Property, Plant and Equipment, Inventories as on June 30, 2021.
• ° Any other processes which required physical presence of the audit team.

Our conclusion on the Statement is not modified in respect of the above matter.

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.

MSP&CO.

CHARTERED ACCOUNTANTS

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

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. 0.03 lakhs for the quarter ended June 30, 2021 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

MADHUSUDA N SHANTILAL PARIKH

M.S. Parikh, Partner Membership No. 08684 Mumbai August 12, 2021 UDIN : 21008684AAAACL2285