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Indian Infotech And Software Ltd. — Interim / Quarterly Report 2021
Sep 15, 2020
63337_rns_2020-09-15_71c97449-4878-487b-a8e9-076a3ace52a8.pdf
Interim / Quarterly Report
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CIN-L70100MH1982PLC027198 www.indianinfotechandsoftwareltd.com
Date: 15[th] September, 2020
To, The Department of Corporate Services, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001
Scrip Code – 509051
Sub: Outcome of Board Meeting held on 15[th] September, 2020
Dear Sir(s),
We are pleased to inform you that Meeting of the Board of Directors of the Company held on Tuesday, on 15[th] September, 2020 at 5:00 P.M. at its office at 8th Floor, 803, Parinee Crescenzo, C 38 & 39, G Block Bandra Kurla Complex, Bandra E Mumbai 400051 at to inter-alia discuss the following matters:
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The Un-audited Financial Result for the Quarter ended 30[th] June, 2020. Pursuant to Regulation 33 of SEBI (LODR) Regulation, 2015,
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The Limited Review Report on the Un-audited Financial Result for the Quarter ended 30[th] June, 2020.
The aforesaid Board Meeting commenced at 5:00 P.M. and concluded at 07:40 P.M.
Please take the same on your record and acknowledge the receipt of the same.
Thanking You, Yours Faithfully,
For Indian Infotech & Software Limited
Sd/Shyama Charan Kumar Director DIN: 00494297
8th Floor, 803, Parinee Crescenzo, C 38 & 39, G Block Bandra Kurla Complex, Bandra E Mumbai 400051 Email ID: [email protected]; Tel No. – 022 -4266 7636
| INDIAN INFOTECH AND SOFTWARE LIMITED | INDIAN INFOTECH AND SOFTWARE LIMITED | INDIAN INFOTECH AND SOFTWARE LIMITED | INDIAN INFOTECH AND SOFTWARE LIMITED | INDIAN INFOTECH AND SOFTWARE LIMITED | INDIAN INFOTECH AND SOFTWARE LIMITED |
|---|---|---|---|---|---|
| CIN NO. L70100MH1982PLC027198 | |||||
| Regd. Addree: UNIT NO: 518, 5TH FLOOR, ANJANI COMPLEX PARERA HILL ROAD, ANDHERI (EAST) MUMBAI-400099 | |||||
| Email ID. [email protected] | |||||
| STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30.06.2020 BSE CODE : 509051 |
|||||
| Sr. No. |
PARTICULARS | Quarter Ended | Year Ended | ||
| Standalone | Standalone | ||||
| 30.06.2020 | 31.03.2020 | 30.06.2019 | 31.03.2020 | ||
| Unaudited | Audited | Audited | Audited | ||
| (In Lakhs) | |||||
| **1 ** | Income | ||||
| Revenue from operations | |||||
| **(i) ** | Interest Income | 300.00 | 424.97 | 281.25 | 1268.72 |
| (ii) | Dividend Income | 0.00 | 0.00 | 0.00 | 0.00 |
| (iii) | Rental Income | 0.00 | 0.00 | 0.00 | 0.00 |
| (iv) | Fees and commission Income | 0.00 | 0.00 | 0.00 | 0.00 |
| (v) | Netgain on fair value changes | 0.00 | 0.00 | 0.00 | 0.00 |
| (vi) | Net gain on derecognition of financial instruments under amortised cost category |
0.00 | 0.00 | 0.00 | 0.00 |
| (vii) | Sale ofproducts(includingExcise Duty) | 0.00 | 0.00 | 0.00 | 0.00 |
| (viii) | Sale of services | 0.00 | 0.00 | 0.00 | 0.00 |
| **(ix) ** | Other revenue from operations | ||||
| 1 | Other income | 0.00 | 0.00 | 0.00 | 21.81 |
| Total other revenue from operations | 0.00 | 21.81 | 0.00 | 21.81 | |
| Total Revenue From Operations | 300.00 | 446.78 | 281.25 | 1290.53 | |
| Other income | |||||
| Total income | 300.00 | 446.78 | 281.25 | 1290.53 | |
| **2 ** | Expenses | ||||
| Cost of materials consumed | |||||
| Purchases of stock‐in‐trade | 0.00 | 0.00 | 0.00 | 0.00 | |
| Changes in inventories of finished goods, work‐in‐progress and stock‐in‐trade |
0.00 | 0.00 | 0.00 | 0.00 | |
| Employee benefit expense | 4.25 | 4.56 | 4.60 | 18.50 | |
| Finance costs | 0.00 | 715.30 | 0.00 | 715.30 | |
| Depreciation,depletion and amortisation expense | 258.02 | 258.03 | 258.02 | 1032.09 | |
| Fees and commission expense | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net loss on fair value changes | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net loss on derecognition of financial instruments under amortised cost category |
0.00 | 0.00 | 0.00 | 0.00 | |
| Impairment on financial instruments | 0.00 | 0.00 | 0.00 | 0.00 | |
| **(f) ** | Other expenses | ||||
| 1 | Bad Debts | 0.00 | 0.00 | 0.00 | 0.00 |
| 2 | Other Expenditure | 8.98 | 10.82 | 4.95 | 29.82 |
| Total other expenses | 8.98 | 10.82 | 4.95 | 29.82 | |
| Total expenses | 271.25 | 988.71 | 267.57 | 1795.71 | |
| 3 | Total profit before exceptional items and tax | 28.75 | ‐541.93 | 13.68 | ‐505.18 |
| 4 | Exceptional items | ||||
| 5 | Totalprofit before tax | 28.75 | ‐541.93 | 13.68 | ‐505.18 |
| 7 | Tax expense | ||||
| 8 | Current tax | 0.00 | 0.00 | 0.00 | 0.00 |
| 9 | Deferred tax | 0.00 | ‐46.72 | 0.00 | ‐46.72 |
| Tax of earlieryears | 0.00 | 40.64 | 0.00 | 40.64 | |
| 10 | Total tax expenses | 0.00 | ‐6.08 | 0.00 | ‐6.08 |
| 11 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement |
0.00 | 0.00 | 0.00 | 0.00 |
|---|---|---|---|---|---|
| **14 ** | Net Profit Loss for the period from continuing operations | 28.75 | ‐535.85 | 13.68 | ‐499.10 |
| 15 | Profit(loss)from discontinued operations before tax | ||||
| 16 | Tax expense of discontinued operations | ||||
| 17 | Net profit (loss) from discontinued operation after tax | ||||
| 19 | Share of profit (loss) of associates and joint ventures accounted for using equity method |
||||
| 21 | Total profit (loss) for period | 28.75 | ‐535.85 | 13.68 | ‐499.10 |
| 22 | Other comprehensive income net of taxes | ||||
| 23 | Total Comprehensive Income for the period | 28.75 | ‐535.85 | 13.68 | ‐499.10 |
| 24 | Total profit or loss, attributable to | ||||
| Profit or loss,attributable to owners ofparent | |||||
| Totalprofit or loss,attributable to non‐controllinginterests | |||||
| 25 | Total Comprehensive income for the period attributable to | ||||
| Comprehensive income for theperiod attributable to owners ofparent | |||||
| Total comprehensive income for the period attributable to owners of parent non‐controlling interests |
|||||
| **26 ** | Details of equity share capital | ||||
| Paid‐upequityshare capital | 10055.90 | 10055.90 | 10055.90 | 10055.90 | |
| Face value of equityshare capital | |||||
| **27 ** | Details of debt securities | ||||
| **28 ** | Reserves excluding revaluation reserve | ||||
| **29 ** | Earnings per share | ||||
| **i ** | Earnings per equity share for continuing operations | ||||
| Basic earningsper share from continuingoperations | 0.029 | ‐0.533 | 0.014 | ‐0.496 | |
| Diluted earnings per share from continuing operations | 0.029 | ‐0.533 | 0.014 | ‐0.496 | |
| **ii ** | Earnings per equity share for discontinued operations | ||||
| Basic earningsper share from discontinued operations | |||||
| Diluted earnings per share from discontinued operations | |||||
| **ii ** | Earnings per equity share | ||||
| Basic earningsper share | 0.029 | ‐0.533 | 0.014 | ‐0.496 | |
| Diluted earningsper share | 0.029 | ‐0.533 | 0.014 | ‐0.496 | |
| 30 | Debt equityratio | ||||
| 31 | Debt service coverage ratio | ||||
| 32 | Interest service coverage ratio | ||||
| Notes 1 2 3 4 5 6 MUMBAI DIRECTOR 15.09.2020 FOR INDIAN INFOTECH & SOFTWARE LTD SHYAMA CHARAN KUMAR DIN: 00494297 The Statutory auditors of the Company have carried out a "Auditor's report" of the above results as per Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015. This Result is available on company Website www.indianinfotechandsoftwareltd.com as well as BSE website www.bseindia.com Investor Complaint for the year Ended 30.06.2020. Opening ‐ 2, Received ‐0, Resolved ‐0,Closing ‐ 2. The above Financial Results were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their meeting held on 15/09/2020 The previous period figures have been regrouped wherever necessary. The Company has adopted Indian Accounting standards (Ind AS) with effect from 1st April, 2019 and accordingly, the above results have been prepared in accordance with the Companies (Indian Accounting Standard) Rules, 2015 prescribed under Section 133 of the Companies Act, 2013. SHYAMA CHARAN KUMAR Digitally signed by SHYAMA CHARAN KUMAR DN: c=IN, o=Personal, 2.5.4.20=6a205e368cb21599b178c106b53f1d32e8773c4522 f6d4ff700b03119b272c29, postalCode=700070, st=WEST BENGAL, 2.5.4.45=03410037306631636633326135356461303630303 1376130356663653931383437613135626330373861623435 64356163333138353063386263373139303063646534, serialNumber=bf19cdf0d7c6b8a59d3518f858ce7fad404c80 9923f98298d533daff1f446c86, cn=SHYAMA CHARAN KUMAR Date: 2020.09.15 19:22:20 +05'30' |
CA Mokshesh Shah B.Com, A.C.A
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MOTILAL & ASSOCIATES CHARTERED ACCOUNTANTS 304, Orchid Plaza, Behind Gokul Shopping Center Next to Platform No. 1, Off S. V.Road, Borivali (West), Mumbai - 400 092. Mob No.: +91 9821624491 Tel:022-2864 2358 and 022-2865 8119 Email: [email protected] and [email protected]
Independent Auditors’ Limited Review on theUnaudited Standalone Quarterly Financial Results
To the Board of Directors of
INDIAN INFOTECH AND SOFTWARE LIMITED,
We have reviewed the accompanying statement of unaudited financial results of INDIAN INFOTECH AND SOFTWARE LIMITED for the quarter ended on 30[th] June 2020, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
This statement which is the responsibility of the company’s management and has been approved by the Board of Directors has been prepared in accordance with applicable Indian Accounting Standards (Ind AS) as prescribed under section 133 of Companies Act ,2013 read with relevant rulesissued there under and other generally accepted accounting principles in India. Our responsibility is toissue @ report on these financial statements based on our review.
We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, Engagements to Review Financial Statements 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 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 provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
Based on our review conducted as above, nothing has come out to our attention that causes us to believe that the accompanying statement of unaudited standalone financial results prepared in accordance with applicable Ind AS specified under section 133 of the Companies Act, 2013 read with rule 7 of the companies (Accounts) Rule, 2014 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 Obligations and Disclosures Requirements) Regulations 2015, read with circular number CIR/CDF?FAC/62/2016 dated July 05, 2016 of SEBI including the manner in which it is to be disclosed, or that it contains any material misstatement.
For Motilal & Associates Chartered Accountants FRN: 106584W
Digitally signed by MOKSHESH MOKSHE SHAH DN: cn=MOKSHESH SHAH, c=IN, st=Maharashtra, o=Personal, serialNumber=255f6e2d1faff00f8c SH SHAH 8b7fa970f80aec78e69668475815 0f560e9032dd3a08cb Date: 2020.09.15 18:59:30 +05'30'
________
CA Mokshesh Shah, Partner M. No: 172906 UDIN: 20172906AAAABS8568 Place: Mumbai Date: 15[th] September, 2020