GACM Technologies Limited — Interim / Quarterly Report 2019

Nov 13, 2018

November 13,2018

To The Manager Listing The Manager Listing Mumbai—400 001 Mumbai—400 051,

To

Bombay Stock Exchange Limited National Stock Exchange of India Limited Sth Floor, PJ Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Bandra (E),

Dear Sir,

Sub: Outcome of the Board Meeting —Un»audited financial results for the quarter and six months ended on 30th September, 2018

Ref: Notice of Board Meeting dated November 5,2018

****

We wish to inform that meeting of the Board of Directors held on today i.e. 13'h November, 2018 inter alia has considered and approved the following:

• 1. The Un—audited Financial results for the Quarter/Six months ended 30'h September, 2018 both on Standalone and Consolidated basis which have been reviewed by the Audit Committee pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 have been approved by the Board. Please find enclosed Unaudited Financial results for the Quarter/Six months ended 30m September, 2018 both on Standalone and Consolidated basis together with Limited Review of Statutory Auditors of the Company.
• 1. Accepted the resignation of Mr. Ramesh Yarlagadda, Independent Director of the Company with effect from November 13, 2018.

The meeting of the Board of directors commenced at 4.00 PM. and concluded at 5.15 PM.

This is for your information and record.

Thanking you,

Yours faithfully, For Stampede Capital Limited /

' \1 Aw" K. Kiran Company Secretary

Stampede Capital Ltd.

PART I : STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED 30 SEPTEMBER 2018

	Particulars	Quarter Ended			Figures $\leq$ In LakhsSix Months EndedYear Ended
		30.09.201830.06.201830.09.2017		30.09.201830.09.2017		31.03.2018
		(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)
1	Revenue from operations					(Unaudited)	(Audited)
	(a) Income from operations	5,559.98	8,145.53	2,667.95	13,705.51
	(b) Other operating income	(2.60)	69.80	47.61	67.19	11,375.7379.75	23,009.78
	Total Revenue from operations (a+b)	5,557.38	8,215.33	2,715.56	13,772.70	11,455.48	323.6623,333.44
$\overline{2}$	Expenses
	(a) Cost of operations	5.530.52	8,000.67	2,274.74	13,531.19	9,877.75	21,328.41
Sl. No.3$\overline{4}$$\mathbf{5}$$6\phantom{.}6$$\overline{7}$8$\overline{9}$10111213141516.i	Employee benefits expense(b)	10.47	10.52	24.19	20.98	89.08	140.57
	Finance cost(b)	(1.56)	52.21	(1.20)	50.65	(2.37)	82.40
	Depreciation and amortization expense(c)	463.44	429.63	372.41	893.07	1,165.40	2,879.77
	(d) Other expenditure	52.21	172.08	104.72	224.28	242.79	735.68
	Total expenses (a+b+c+d)	6,055.08	8,665.11	2,774.86	14,720.17	11,372.65	25,166.83
	Profit / (Loss) from ordinary activities before exceptional items	(497.70)	(449.78)	(59.30)	(947.47)	82.83	(1, 833.39)
	Exceptional item	u.		ż		÷.
	Profit / (Loss) from ordinary activities before tax (7-8)	(497.70)	(449.78)	(59.30)	(947.47)	82.83
	Tax expense	4.71	(138.34)	(79.74)	(133.63)	(286.40)	(1, 833.39)
	Net Profit / (Loss) from ordinary activities after tax (9-10)	(502.41)	(311.44)	20.44	(813.84)	369.23	(209.43)
	Extraordinary items (net of tax expense ₹ in lakhs)	$\sim$		ŵ.		×.	(1,623.96)
	Net Profit / (Loss) for the period (11-12)	(502.41)	(311.44)	20.44	(813.84)	369.23
	Share of profit / (loss) of associates	ä,	(925.98)	132.96	(925.98)	236.51	(1,623.96)(3,417.15)
	Minority Interest			Ω		(128.19)	(252.72)
	Net Profit / (Loss) after taxes, minority interest and share	(502.41)	(1, 237.42)	153.40	(1,739.82)	477.55	(5, 293.83)
	of profit / (loss) of associates (13-14-15)
	Other comprehensive income
	(a) Items that will not be classified to profit or loss	$\sim$	÷
	(b) Items that will be claisfied to profit or loss	228.05	351.07	36.58	579.12	(109.17)	233.94
	Total Other Comprehensive income $(12(a) + 12(b))$	228.05	351.07	36.58	579.12	(109.17)	233.94
	Total comprehensive income	(274.36)	(886.35)	189.98	(1, 160.70)	368.38	(5,059.89)
	Paid-up equity share capital	2,862.64	2,862.64	2,862.64	2,862.64	2,862.64	2,862.64
	(Face value of ₹. 1/- each per share)
	Reserve excluding Revaluation Reserves as per balance sheet of
	previous accounting year					÷	4,226.17
	Earnings per share (before extraordinary items)
	(of ₹. 1/- each) (not annualised)
	(a) Basic	(0.19)	(0.43)	0.06	(0.64)	0.18	(1.85)
	(b) Diluted	(0.19)	(0.43)	0.06	(0.64)	0.18	(1.85)
16.ii	Earnings per share (after extraordinary items)
	(of ₹. 1/- each) (not annualised)
	(a) Basic	(0.19)	(0.43)	0.06	(0.64)	0.18	(1.85)
	(b) Diluted	(0.19)	(0.43)	0.06	(0.64)	0.18	(1.85)

Stampede Capital Ltd. _

A-Z Elite, 1st Floor, Plot No. 197, Guttala Begumpet Village, Madhapur, Hyderabad - 500081. Telangana, India. Ph: +91 40 2354 0763/64, Tele Fax: +91 40 2354 0763. CIN: L67120TG1995PLC020170 www.stampedecap.com | info@stampedecap.com

	Figures ? In Lakhs
Particulars		As at
	30.09.2018	31.03.2018
ASSETS	Unaudited	Audited
Non-current Assets
(a) Property. plant and equipment
(h) Intangible assets	1.18111	1.38360
(i) Goodwill
(ii) Others
(c) Financial assets	1497.81	2.75 I .57
(i) Investments
3) Investments in associates
b) Other investments	2w 9:	1.015 90
(ii) Loans to subsidiaries	500.00	500.00
(d) Tax assets
(I) Deferred Tax Asset (net)
(ii) Current Tax Asset (Net)	-	-
Total Non-current Assets	83.36	101.89
	4,353.20	5.75236
Current Assets
(a) Financial assets
(i) Investments
(ii) Trade receivables	500.53	1359
(Iii) Cash and cash equivalents	6.246.13	4.415.17
(iv) Other financial assets	172.29	9.842.27
Total Current Assets	731.00	73486
	7.650.04	l5,005.89
Total Assets	12,003.24	20.75835
EQUITY AND LIABILITIES
Equity
(a) Equity share capital	2.862.641
(b) Other Equity	3.055 4x	2.862.6144.225 17
(c) Non controlling interest	-	,
Total Equity	5,928.12	7,088.81
LIABILITIES
Non-current Liabilities
(a) Financial Liabilities
(i) Borrowings
(b) Deferred tax liabilities (Net)	628.35	10.768.13
Total Non-current Liabilities	82.15710.50	358 01
Current liabilities		11,126.14
(a) Financial liabilities
(i) Trade payables
(ii) Other financial liabilities	5.18308	2137 90
(iii) Provisions	171.57	296.99
(iv) Current tax liabilities (Net)	6.92	6 92
(iv) Other current liabilities	3.06	20'),
Total Current Liabilities	(0.01)
Total Liabilities	5,364.626,075.12	2.543.911
Total Equity and Liabilities		13,670.04
	12,003.24	20,758.85

Part 11 : Unaudited Consoldiated Balance Street as at 30 September 2018

'

Stampede Capital Ltd.

A-Z Elite. tst Floor. Plot No. 197. Guttala Begumpel Village. Madhapur, Hyderabad ~ 500081. Telangana, India. Ph: +91 40 2354 0763/84, Tele Fax' +91 40 2354 0763 CIN: L67120T61995F'LC020170 www stampedecapcom | info@stampedecap.com

Notes:

1. The above unaudited consolidated financial results for the quarter and SIX months ended 30 September 2018 were reviewed by the Audit Committee and approved by the Board of Directors ofthe Company at its meeting held on 13 November. 2018

2. All the business activities of the company comes under one segment of Automated Trading.

31 Longfin Tradex Ptc Limited (formerly Stampede Tradex Pte Limited). Singapore ceased to bc a subsidiary from 19th June. 2017 onwards and became an associate. The financials of Longfin Corp. USA for the quarter ending 30 September 2018 has not been available so far, Hence the Company has not considered the share ofprofit oftlie associate company in the consolidated financials ol'the Company as per the 1nd AS 27. Hence the previous quaner/year figures are not comparable

1. The above financial results have been prepared in accordance with Indian Accounting Standard (lndAS-34) Interim linancml reporting as prescribed Under Section 133 ofthe Companies Acti 2013 and with Rule 3 ofthc Coniponies( 1ndian Accounting Standard) RulchUlS and the Companies [Indian Accounting Standard) Amendment Rules. 2016

2. Figures of previous periods have been regrouped/rearrunged/rcworked/restnted wherever necessary.

Place: Hyderabad Emmanuel Dasi Date: 13.11.2018 Executive Director

For and on behalf of the Board of Stampede Capital Limited

Stampede Capital Ltd.

A-Z Elite, ist Floor, Plot No 197, Guttala BegumpetVillagei Madhapur. Hyderabad - 500081. Telangana. India. Ph: +91 40 2354 0763/64, Tele Fax: +91 40 2354 0763. CIN: L67120TG1995PLCOZO170 www.stampedecap.com l info@stampedecap com

Navitha And Associates CHARTERED ACCOUNTANTS 0X

it 16-2-740/75, Plot No. 16, V.K. Dhage Nugur, Dilsukhnagor, Hyderabad - 500 060. iO": 040:24060094, Coll : 09848338091 E-mail : novitha.k@gmoil.eom

w Re art on Consolidated uarterl and vear to date fin: results of Sham ede on 33 of the slim (Listing Obligations and Disclosure Ll ed R capital Limited pursuant to the Regut Reguirements] Regulations, 2015 4

TO THE BOARD OF DIRECTORS OF STAMPEDE CAPITAL LIMITED

• I. We have reviewed the accompanying statement of unaudited consolidated financial results ("Statement") of Stampede Capital Limited("the Company"). its subsidiariesilhe Holding Company and its subsidiaries together referred to as :the Group")for the quarter ended 30'" September. ZOISbeing submitted by the Holding Company pursuant to the requirements of Regulations 33 ofthe SEBl (Listing Obligations and Disclosure Requirements) Regulations. 2015 ("513131 Regulations. 2015") . This statement which is the responsibility of the Company's Management and approved by the Board of Directors has been prepared in accordance with the recognition and measurement principles laid down in Accounting Standard for Interim Financials Reporting (A534). Prescribed under Section 133 of the Companies Act. 2013 read with relevant rules issued there under and other accounting principles generally accepted in India. . Our responsibility is to issue a report on thesefinancial statements base on our review.
• 1. We conducted our review in accordance with the Standard on Review Engagement ("SRE") Z4IOr 'Review of interim Financial information Performed by the independent Auditor of the Entity'issued by the institute of Chartered Accountants of lndia ("lCAI"). This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly. we do not express an audit opinion.
• or The Statement includes results ofthe following subsidiaries.

Stampede Enterprises lndia Private Limited. lndia r Wholly owned subsidiary Stampede Technologies Pte Limited. Singapore — Wholly owned step-down subsidiary Longfin Corp. USA -Associate

4r We did not review the interim financial information of one subsidiary include in the consolidated financial results. whose financial information reflect total assets 011574.54 [alihs as at September30. 2018. total revenues of Nil Lakhs and 225.57 for the quarter and six months ended 30 September 2018 respectively. and total loss of 409.82 and~ 657.06 for the quarter and six months ended September 30. 2018. as considered in the consolidated financial results, These interim financial information have been furnished to us by the Management and our report on the Statement. in so far as it relates to the amounts and disclosures included in respect of these subsidiaries. is based solely on such interim financial information. . 3'

The consolidated financial results does not include the share of profit/loss of the Associate company. Longt'm Corp, USA as the financials of the associate not made available for the three months ended 30 September. 2018.

Based on our review conducted as stated above and based on the consideration of the unaudited interim financial information of the subsidiaries which have been furnished by the Management referred to paragraph 4 above. nothing has come to our attention that causes us to believe that the accompanying Statement. prepared in accordance with the aforesaid accounting standard and other accounting principles generally accepted in India. has not disclosed the information required to be disclosed in terms of Regulations 33 of the SEE] (Listing Obligations and Disclosure Requirements) Regulations, 2015 may; with Circular No. CIR/CFD/CM'DflS/ZO l 5 dated November 30. 2015 and SEE] Circular No. CIR/CFD/FAC/62/2016 dated July 5, 2016 including the manner in which it is to be disclosed or that it contains any material misstatement.

For Navilha AndAssociates Chartered Accounts-nu ICAI Fir: Regn. No. 0120265

Proprietor M.Nn.22 1085 CAfivitha. K

Place: Hyderabad Date: 13'" Novemberlllls

PART I: STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED 30 SEPTEMBER 2018

							Figures ₹ In Lakhs
Sl. No.	Particulars	Quarter Ended			Six Months Ended		Year Ended
		30.09.2018	30.06.2018	30.09.2017	30.09.2018	30.09.2017	31.03.2018
$\mathbf{1}$	Revenue from operations	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
	(a) Income from operations
	(b) Other income	741.58	5.057.80	115.31	5,799.38	201.51	415.68
		1.57	1.46	6.90	3.03	9.37	11.75
$\overline{2}$	Total Revenue from operations (a+b)Expenses	743.15	5.059.26	122.21	5,802.41	210.88	427.43
	(a) Cost of operations	767.13	5,052.26	119.37	5819.39	210.52	430.78
	Employee benefits expense(b)	9.94	9.99	22.71	19.93	47.42	83.30
	(c) Finance cost	(1.56)	0.80	(1.20)	(0.76)	(2.37)	(4.88)
	Depreciation and amortization expense(d)	41.75	41.75	43.58	83.51	86.62	169.48
	Other expenditure(e)	29.50	71.71	61.97	101.22	129.52	191.09
	Total expenses $(a+b+c+d)$	846.76	5,176.51	246.43	6,023.29	471.71	869.77
3	Profit / (Loss) from operations before exceptional items	(103.61)	(117.25)	(124.22)	(220.88)	(260.83)	(442.34)
$\overline{\bf{4}}$	Exceptional item
5	Profit / (Loss) from ordinary activities before tax (7-8)	(103.61)	(117.25)	(124.22)	(220.88)	(260.83)	(442.34)
6	Tax expense	18.23	(34.95)	(44.55)	(16.72)	(90.55)	6.63
$\overline{7}$	Net Profit / (Loss) from ordinary activities after tax (9-10)	(121.84)	(82.30)	(79.67)	(204.16)	(170.28)	(448.97)
8	Extraordinary items (net of tax expense ₹ in lakhs)
$\mathbf{Q}$	Net Profit / (Loss) for the period (11-12)	(121.84)	(82.30)	(79.67)	(204.16)	(170.28)	(448.97)
10	Other comprehensive income
	(a) Items that will not be claisfied to profit or loss
	(b) Items that will be claisfied to profit or loss
	Total Other Comprehensive income $(10(a) + 10(b))$
11	Total comprehensive income	(121.84)	(82.30)	(79.67)	(204.16)	(170.28)	(448.97)
12	Paid-up equity share capital	2.862.64	2,862.64	2.862.64	2,862.64	2,862.64	2,862.64
	(Face value of ₹. 1/- each per share)
13	Reserve excluding Revaluation Reserves as per balance sheet of						2,367.59
	previous accounting year
14.i	Earnings per share (before extraordinary items)
	(a) Basic	(0.045)	(0.029)	(0.030)	(0.076)
	(b) Diluted	(0.045)	(0.029)	(0.030)	(0.076)	(0.063)	0.002
	14.ii Earnings per share (after extraordinary items)					(0.063)	0.002
	(a) Basic	(0.045)	(0.029)	(0.030)	(0.076)
	(b) Diluted	(0.045)	(0.029)	(0.030)	(0.076)	(0.063)(0.063)	0.0020.002

Stampede Capital Ltd. _

A-Z Elite, 1st Floor, Plot No. 197, Guttala Begumpet Village, Madhapur, Hyderabad - 500081. Telangana, India. Ph: +91 40 2354 0763/64, Tele Fax: +91 40 2354 0763. CIN: L67120TG1995PLC020170 www.stampedecap.com | info@stampedecap.com

Part II : Unaudited Standalone Balance Sheet as at 30 September 2018

Particulars	(Figures ₹ In Lakhs)As at
	30.09.2018	31.03.2018
	Unaudited	Audited
ASSETS
Non-current Assets
(a) Property, plant and equipment	233.60	292.46
(b) Intangible assets
(i) Goodwill
(ii) others	75.22	99.86
(c) Financial assets
(i) Investments
a) Investments in associates	2.564.21	2.564.21
b) Investments in subsidiaries	501.00	501.00
c) Other investments	500.00	500.00
(ii) Loans to subsidiaries		846.17
(iii) Other Advances	224.24	224.24
(d) Tax assets
(i) Deferred Tax Asset (net)	120.78	104.06
(ii) Current Tax Asset (Net)	65.07	65.07
Total Non-current Assets	4,284.12	5,197.07
Current Assets
(a) Financial assets
(i) Investments	500.53	13.59
(ii) Cash and cash equivalents	138.50	79.96
(iii) Other financial assets	445.54	305.82
Total Current Assets	1,084.57	399.37
Total Assets	5,368.69	5,596.44
EQUITY AND LIABILITIES
Equity
(a) Equity share capital
(b) Other Equity	2,862.64	2.862.64
Total Equity	2,163.455,026.09	2,367.59
LIABILITIES		5,230.23
Non-current Liabilities
(a) Financial Liabilities
(i) Borrowings	204.89
Total Non-current Liabilities	204.89	340.07340.07
Current liabilities
(a) Financial liabilities
(i) Other financial liabilities
(ii) Provisions	131.15	19.59
Total Current Liabilities	6.56	6.56
	137.71	26.14
Total Liabilities	342.60	366.21
Total Equity and Liabilities	5.368.69	5,596.44

Notes:

1. The above unaudited financial results for the quarter and six months ended 30 September 2018 were reviewed by the Audit Committee and approved by the Board of Directors of the Company at its meeting held on 13 November, 2018.

2. All the business activities of the company comes under one segment of Automated Trading.

3. The above financial results have been prepared in accordance with Indian Accounting Standard (IndAS-34) Interim financial reporting as prescribed Under Section 133 of the Companies Act, 2013 and with Rule 3 of the Companies (Indian Accounting Standard) Rules, 2015 and the Companies (Indian Accounting Standard) Amendment Rules, 2016

4. Figures of previous periods have been regrouped/rearranged/reworked/restated wherever necessary.

Place: Hyderabad Date: 13.11.2018

For and on behalf of the Board of Stampede Capital Limited

89 Emmanuel Dasi Executive Director

Stampede Capital Ltd.

A-Z Elite, 1st Floor, Plot No. 197, Guttala Begumpet Village, Madhapur, Hyderabad - 500081. Telangana, India. Ph: +91 40 2354 0763/64, Tele Fax: +91 40 2354 0763. CIN: L67120TG1995PLC020170 www.stampedecap.com | info@stampedecap.com

Navitha And Associates

CHARTERED ACCOUNTANTS # 16-2-740/75. Plot No. 26, V,K. Dhoge No or, Dils kh Hyderabad - 530 060. U Mg" . 0ft: Odo-24060094, Cell : 09848338093 E-moil : novilha.k@gmoil.com

Independent Auditor's Review Report on Standalone Quarterly Financial Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

To

The Board of Directors M/s Stampede Capital Limited

We have reviewed the accompanying statement of unaudited standalone financial results ('Statement') of M/s.Stampede Capital Limited ('the Company') for the quarter ended 30 September, 2018 and the year to date results for the period 1 April 2018 to 30 September 2018, being submitted by the Company pursuant to the requirements of the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The results included in the statement, have been approved by the Board of Directors but have not been subject to limited review audit. This Statement is the responsibility of the Company Management and has been approved by the Board of Directors. Our responsibility is to issue a report on the Statement based on our review.

We conducted our review in accordance with the Standard on Review Engagement (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 misstatements. A review is limited primarily to inquiries of company personnel and analytical procedures, applied to financial data and thus provides less assurance than an audit. We have not performed and audit and accordingly, we do not express an audit opinion.

Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement prepared In accordance with applicable Indian Accounting Standards specified under Section 133 of the Companies Act, 2013 and SEBI Circular No.ClR/CFD/FAC/62/2016 dated 5 July 2016 and other recognized accounting practices and policies has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For Navitha And Associates Place: Hyderabad Chartered Accountants Date: 13'"November 2018. ICAI Firm gn No.0120265

'\ 1

0» / CA . vitha . K Proprietor M.No.221085