InfoBeans Technologies Limited - Audit Report / Information 2024

Chartered Accountants

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Independent on the Quarterly and Year to Date Audited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

To The Board of Directors of Infobeans Technologies Limited

Report on the audit of the Standalone Financial Results

Opinion

We have audited the accompanying statement of quarterly and year to date standalone financial results of Infobeans Technologies Limited (the Company ) for the quarter and year ended March 31, 2024 ( 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 ( Listing Regulation ).

In our opinion and to the best of our information and according to the explanations given to us, the Statement:

i. is presented in accordance with the requirements of the Listing Regulations in this regard; and
ii. gives a true and fair view in conformity with the applicable accounting standards and other accounting principles generally accepted in India, of the net profit and other comprehensive income/(loss) and other financial information of the Company for the quarter and year ended March 31, 2024.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013, a Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our opinion.

Standalone Financial Results

The Statement has been prepared on the basis of the standalone annual financial statements. The Board of Directors of the Company is responsible for the preparation and presentation of the Statement that gives a true and fair view of the net profit and other comprehensive income/(loss) of the Company and other financial information in accordance with the applicable accounting standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and

S R B C & CO LLP, a Limited Liability Partnership with LLP Identity No. AAB-4318 Regd -700 016

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Chartered Accountants

maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the Statement, the Board of Directors is continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The Board of Directors is

Our objectives are to obtain reasonable assurance about whether the Statement as a whole is free from opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the Statement.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions th going concern. If we conclude that a material uncertainty exists, we are required to draw attention uch disclosures are
inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represents the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

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Chartered Accountants

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

Other Matter

The Statement includes the results for the quarter ended March 31, 2024 being the balancing figures between the audited figures in respect of the full financial year ended March 31, 2024 and the published unaudited year-to-date figures up to the third quarter of the current financial year, which were subjected to a limited review by us, as required under the Listing Regulations.

For S R B C & CO LLP

Chartered Accountants ICAI Firm Registration Number: 324982E/E300003

per Paul Alvares Partner Membership No.: 105754

UDIN: 24105754BKBZND9161

Place: Pune Date: May 07, 2024

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*amount below Rs. 1 Lakhs

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INFOBEANS TECHNOLOGIES LIMITED
CIN - L72200MP2011PLC025622
Registered Office -Crystal IT Park, STP-I 2nd Floor, Ring Road, Indore MP 452001 IN
Website : www.infobeans.com, Email : [email protected], Contact No. : 0731 - 7162000, 2102
Statement of audited standalone Cash Flows for the year ended 31 March 2024
(Rs. in Lakhs)
Sr. Particulars For the year ended For the year ended
No. 31 March 2024 31 March 2023
(Audited) (Audited)
A Cash flow from operating activities
Profit before tax 3,647 4,509
Adjustments for:
Depreciation and amortisation expenses 648 693
Loss/(Gain) on sale of investments/fair value gain (160) (37)
Unrealised foreign exchange gain - (5)
Finance Cost 442 642
Interest income on fixed deposits (82) (63)
Interest income on fixed income securities (5) (7)
Loss on sale of property, plant and equipment (net) - 5
Reduction in carrying value of deferred consideration (Refer Note 4) (841) (300)
Employee stock option expenses 414 213
Provision for doubtful debts 357 -
Operating profits before working capital changes 4,420 5,650
Adjustments for changes in:
Decrease / (increase) in other non current assets 4 (2)
Decrease / (increase) in other current assets (53) 36
Decrease / (increase) in other financial assets (8) 31
Decrease / (increase) in trade receivables (311) (20)
Increase / (decrease) in other current liabilities (116) 343
Increase / (decrease) in long-term provisions 179 129
Increase / (decrease) in short-term provisions 71 116
Increase / (decrease) in current financial liabilities (0) * (37)
Increase / (decrease) in trade payables (11) (138)
(245) 458
Cash generated from operations 4,175 6,108
Taxes paid (net of refund) (801) (536)
Net cash flow from operating activities 3,374 5,572
B Cash flow from investing activities
Purchase of property, plant and equipment (136) (160)
Purchase of intangibles (6) (4)
Payment of consideration for investment in subsidiary (1,625) (4,562)
Proceeds from sale/ maturity of investments 13,096 6,521
Proceeds from sale/ maturity of deposits 1,101 770
Investment in deposits (1,116) (1,121)
Purchase of current investments (13,667) (6,484)
Interest received 78 65
Net cash used in investing activities (2,275) (4,975)
C Cash flow from financing activities
Proceeds from issue of share capital 5 8
Repayment of borrowings - (1)
Payment of interest on lease liabilities (65) (43)
Repayment of lease liabilities (309) (295)
Interest paid on working capital (0) * (14)
Dividend Paid (243) (243)
Net cash used in financing activities (612) (588)
Net increase/ (decrease) in Cash and Cash Equivalents (A+B+C) 487 9
Opening cash and cash equivalents 680 671
Closing cash and cash equivalents 1,167 680
SN Particulars As at As at
31 March 2024 31 March 2023
Cash and cash equivalents consists of
(i) Cash in hand 0 * 1
(ii) Bank balances
- in current accounts 1,167 559
- in deposit accounts - 120
1,167 680
Notes:
1 The above Statement of Cash Flows has been prepared under the indirect method as set out in Ind AS 7 : on "Statement of Cash Flows".
2 Prior period comparatives have been reclassified to conform with current year's presentation, where applicable.
2 Figures in brackets represent out flow of Cash and cash equivalents.
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*amount below Rs. 1 Lakhs

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INFOBEANS TECHNOLOGIES LIMITED CIN - L72200MP2011PLC025622 Registered Office -Crystal IT Park, STP-I 2nd Floor, Ring Road, Indore MP 452001 IN Website : www.infobeans.com, Email : [email protected], Contact No. : 0731 - 7162000, 2102 Notes:

1 The above results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 7 May 2024 and were subjected to audit by the Statutory Auditors.
2 The figures for the quarter ended 31 March 2024 and quarter ended 31 March 2023 are derived figures between audited figures in respect of full financial year and the unaudited published year to-date figures upto the third quarter of the respective financial year which were subjected to limited review.
3 The Board of Directors considered and approved final dividend @ 10% i.e Re. 1 per equity share (face value of Rs. 10 per equity share) for the financial year 2023-24. 4 Other income for the quarter and year ended 31 March 2024 and 31 March 2023 include amount of Rs. 841 Lakhs and Rs. 300 Lakhs respectively being reversal of deferred consideration in respect of the acquisition of Infobeans Cloudtech Limited which is no longer payable under the corresponding share purchase agreement.
5 The company operates in one segment i.e. Information Technology services. Accordingly, no separate segment disclosures as required under "Ind AS-108 : Operating Segments" have been presented.
6 The above standalone results are available on the Company's website - https://www.infobeans.com/investors and on the stock exchange at https://www.nseindia.com and https://www.bseindia.com

For and on Behalf of Board of Directors of InfoBeans Technologies Limited Avinash Sethi Place : Indore Director & Chief Financial Officer Dated: 7 May 2024 DIN : 01548292

Chartered Accountants

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Independent on the Quarterly and Year to Date Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

To The Board of Directors of Infobeans Technologies Limited

Report on the audit of the Consolidated Financial Results

Opinion

We have audited the accompanying statement of quarterly and year to date consolidated financial results of Infobeans Technologies Limited year ended March 31, 2024 requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as

year ended March 31, 2024 requirement

In our opinion and to the best of our information and according to the explanations given to us, the Statement:

i. includes the results of the following entities;

Infobeans Cloudtech Limited (erstwhile Eternus Solutions Private Limited) Infobeans Inc. Infobeans Technologies DMCC Infobeans Technologies Europe GmbH Infobeans Technologies LLC

ii. are presented in accordance with the requirements of the Listing Regulations in this regard; and
iii. gives a true and fair view in conformity with the applicable accounting standards, and other accounting principles generally accepted in India, of the consolidated net profit and other comprehensive income/(loss) and other financial information of the Group for the quarter and year ended March 31, 2024.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs), as specified under Section

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requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our opinion.

S R B C & CO LLP, a Limited Liability Partnership with LLP Identity No. AAB-4318 Regd -700 016

Chartered Accountants

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The Statement has been prepared on the basis of the consolidated annual financial statements. The is responsible for the preparation and presentation of the Statement that give a true and fair view of the net profit and other comprehensive income/(loss) and other financial information of the Group in accordance with the applicable accounting standards prescribed under section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The respective Board of Directors of the companies included in the Group are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of their respective companies and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the Statement by the Directors of the Holding Company, as aforesaid.

In preparing the Statement, the respective Board of Directors of the companies included in the Group are responsible for assessing the ability of their respective companies to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so.

The respective Board of Directors of the companies included in the Group are also responsible for overseeing the financial reporting process of their respective companies.

Our objectives are to obtain reasonable assurance about whether the Statement as a whole is free from opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the Statement.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.

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Chartered Accountants

accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attentio disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit conditions
may cause the Group to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represent the underlying transactions and events in a manner that achieves fair presentation.
Obtain sufficient appropriate audit evidence regarding the financial results/financial information of the entities within the Group of which we are the independent auditors and whose financial information we have audited, to express an opinion on the Statement. We are responsible for the direction, supervision and performance of the audit of the financial information of such entities included in the Statement of which we are the independent auditors. We remain solely responsible for our audit opinion.

We communicate with those charged with governance of the Holding Company and such other entities included in the Statement of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

We also performed procedures in accordance with the Master Circular issued by the Securities Exchange Board of India under Regulation 33 (8) of the Listing Regulations, to the extent applicable.

Other Matter

The Statement includes the results for the quarter ended March 31, 2024 being the balancing figures between the audited figures in respect of the full financial year ended March 31, 2024 and the published unaudited year-to-date figures up to the end of the third quarter of the current financial year, which were subjected to a limited review by us, as required under the Listing Regulations.

For S R B C & CO LLP Chartered Accountants ICAI Firm Registration Number: 324982E/E300003

per Paul Alvares Partner Membership No.: 105754

UDIN: 24105754BKBZNE1041

Place: Pune Date: May 07, 2024

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INFOBEANS TECHNOLOGIES LIMITED
CIN - L72200MP2011PLC025622
Registered Office -Crystal IT Park, STP-I 2nd Floor, Ring Road, Indore MP 452001 IN
Website : www.infobeans.com, Email : [email protected], Contact No. : 0731 - 7162000, 2102
Statement of audited consolidated financial results for the quarter and year ended 31 March 2024
( In Lakhs except per share Data)
Quarter Ended Year Ended
Particulars 31 December
31 March 2024 31 March 2023 31 March 2024 31 March 2023
2023
(Audited) (Audited)
(Unaudited) (Audited) (Audited)
(Refer Note 2) (Refer Note 2)
Income
I Revenue from operations 9,694 8,910 9,195 36,852 38,532
II Other income 316 501 487 1,523 1,352
III Total income (I+II) 10,010 9,411 9,682 38,375 39,884
Expenses
a) Employee benefits expense 6,821 6,519 7,077 26,954 26,907
b) Finance costs 140 143 188 576 781
c) Depreciation and amortisation expense 672 751 787 2,939 3,014
d) Other expenses 1,128 1,314 1,029 4,754 4,521
e) Impairment of Goodwill and Intangibles (net) (Refer Note 4) 61 - - 61 -
IV Total expenses 8,822 8,727 9,081 35,284 35,223
V Profit before tax(III-IV) 1,188 684 601 3,091 4,661
VI Tax expense
Current tax 282 267 215 1,240 1,478
Short provision in respect of earlier year 0 * 0 * (28) 8 (39)
Deferred tax (18) (139) (60) (404) (374)
Total tax expenses 264 128 127 844 1,065
VII Profit for the period (V-VI) 924 556 474 2,247 3,596
VIII Other comprehensive income/ (loss)
Items that will not be reclassified to profit or loss in subsequent periods
- Remeasurement of the defined benefit obligations 43 (33) (5) (103) (81)
- Income tax relating to above (13) 10 2 30 24
Items that will be reclassified to profit or loss in subsequent periods
- Exchange differences in translating the financial statements of foreign operations 18 4 (50) 52 447
IX Total other comprehensive income/ (loss) 48 (19) (53) (21) 390
X Total comprehensive income for the period (VII + IX) 972 537 421 2,226 3,986
XI Profit for the period attributable to
- Owners of the Company 924 556 474 2,247 3,596
- Non-controlling Interest - - - - -
XII Total other comprehensive income/ (loss) attributable to
- Owners of the Company 48 (19) (53) (21) 390
- Non-controlling Interest - - - - -
XIII Total comprehensive income attributable to
- Owners of the Company 972 537 421 2,226 3,986
- Non-controlling Interest - - - - -
XIV Paid-Up equity share capital 2,429.84 2,429.84 2,425.08 2,429.85 2,425.08
(Face value of the Share is Rs.10 per share)
XV Reserves excluding revaluation reserves as per the balance sheet 27,149 24,729
XVI Earnings per share (of Rs 10/- each) (not annualised)
(1) Basic ( ) 3.80 2.29 1.95 9.25 14.83
(2) Diluted ( ) 3.78 2.28 1.94 9.18 14.74
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amount below Rs. 1 Lakhs

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INFOBEANS TECHNOLOGIES LIMITED
CIN - L72200MP2011PLC025622
Registered Office -Crystal IT Park, STP-I 2nd Floor, Ring Road, Indore MP 452001 IN
Website : www.infobeans.com, Email : [email protected], Contact No. : 0731 - 7162000, 2102
Statement of audited consolidated Cash Flows for the year ended 31 March 2024
(Rs. in Lakhs)
Sr. Particulars For the year ended For the year ended
No. 31 March 2024 31 March 2023
(Audited) (Audited)
A Cash flow from operating activities
Profit before tax 3,091 4,661
Adjustments for
Depreciation and amortisation expense 2,939 3,014
Gain on sale of investments (34) (56)
Gain on termination of leases (134) -
Profit on redemption of mutual funds and bond (433) (93)
Impairment of Goodwill and Intangibles (net) 61 -
Provision for doubtful debts 364 619
Loss on sale of property, plant and equipment (net) - 5
Finance Cost 576 781
Loss on sale of bond 5 -
Interest income on financial assets carried at amortised costs (213) (178)
Employee stock option expenses 437 224
Unrealised Forex (Gain)/Loss - (7)
Reduction in carrying value of deferred consideration - (300)
Operating profits before working capital changes 6,660 8,670
Adjustments for changes in:
Decrease / (increase) in other non-current assets 4 1
Decrease / (increase) in other current assets (53) 34
Decrease / (increase) in other financial assets (19) 6
Decrease / (increase) in other non-current financial assets 48 -
Decrease / (increase) in trade receivables (1,552) (244)
Increase / (Decrease) in non current financial liabilities (0) * (352)
Increase / (Decrease) in other current liabilities 17 359
Increase / (Decrease) in long-term provisions 179 170
Increase / (Decrease) in short-term provisions 83 158
Increase / (Decrease) in current financial liabilities 68 188
Increase / (decrease) in trade payables 121 (202)
(1,104) 118
Cash generated from operations 5,555 8,788
Taxes paid (net of refund) (1,201) (1,061)
Net cash flow from operating activities 4,354 7,727
B Cash flow from investing activities
Purchase of property, plant and equipment (183) (528)
Purchase of intangibles (6) (4)
Payment towards acquisition of subsidiary (1,625) (4,562)
Proceeds from sale/ maturity of investments 18,132 6,877
Investment in Mutual funds (19,040) (10,217)
Redemption of deposits 1,182 2,007
Short-term deposits placed with banks (1,136) (1,121)
Interest received 202 208
Net cash used in investing activities (2,474) (7,340)
C Cash flow from financing activities
Proceeds from issue of share capital 5 8
Repayment of long term borrowings - (1)
Payment of interest on lease liabilities (200) (182)
Repayment of lease liabilities (1,065) (960)
Interest paid on working capital - (14)
Dividend Paid (243) (243)
Net cash flow used in financing activities (1,503) (1,392)
Net increase/ (decrease) in Cash and Cash Equivalents (A+B+C) 377 (1,005)
Opening cash and cash equivalents 3,333 4,109
Effect of exchange difference on translation of foreign currency cash and cash equivalents 28 229
Closing cash and cash equivalents 3,738 3,333
SN Particulars As at As at
31 March 2024 31 March 2023
Cash and cash equivalents consists of
(i) Cash in hand 5 2
(ii) Bank balances
- in current accounts 3,733 3,211
- in deposit accounts - 120
3,738 3,333
Notes:
1 The above Statement of Cash Flows has been prepared under the indirect method as set out in Ind AS 7 : on "Statement of Cash Flows".
2 Prior period comparatives have been reclassified to conform with current year's presentation, where applicable.
2 Figures in brackets represent out flow of Cash and cash equivalents.
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*amount below Rs. 1 Lakhs

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INFOBEANS TECHNOLOGIES LIMITED CIN - L72200MP2011PLC025622
Registered Office -Crystal IT Park, STP-I 2nd Floor, Ring Road, Indore MP 452001 IN
Website : www.infobeans.com, Email : [email protected], Contact No. : 0731 - 7162000, 2102
Notes:
1 The above results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 7 May 2024 and were subjected to audit by the Statutory Auditor. 2 The figures for the quarter ended 31 March 2024 and quarter ended 31 March 2023 are derived figures between audited figures in respect of full financial year and the unaudited published year to-date figures upto the third quarter of the respective financial year which were subjected to limited review.
3 The Board of Directors considered and approved final dividend @ 10% i.e. Re. 1 per equity share (face value of Rs. 10 per equity share) for the financial year 2023-24. 4 As at 31 March 2024, management has tested the recoverability of carrying amounts of goodwill and intangible assets pertaining to business combinations as a part of its annual impairment assessment. Basis such assessment, the Group has recognised an impairment loss of Rs. 61 lakhs (net of reversal of corresponding contingent consideration of Rs. 1,925 lakhs in respect of business acquisition which is no longer payable) for the year ended 31 March 2024.
5 The Group operates in one segment i.e. Information Technology services. Accordingly, no separate segment disclosures as required under "Ind AS-108 : Operating Segments" have been presented.
6 The above consolidated results are available on the Company's website - https://www.infobeans.com/investors and on the stock exchange at https://www.nseindia.com and https://www.bseindia.com For and on Behalf of Board of Directors of InfoBeans Technologies Limited Avinash Sethi
Place : Indore Director & Chief Financial Officer Dated: 7 May 2024 DIN : 01548292

AI assistant

InfoBeans Technologies Limited Audit Report / Information 2024

61086_rns_2024-05-07_aa6b61e0-88d4-4e67-9ab2-33f67b4018e9.pdf

To The Board of Directors of Infobeans Technologies Limited

Report on the audit of the Standalone Financial Results

Opinion

Basis for Opinion

Standalone Financial Results

Chartered Accountants

Chartered Accountants

Other Matter

For S R B C & CO LLP

Report on the audit of the Consolidated Financial Results

Opinion

Basis for Opinion

Chartered Accountants

Other Matter

AI assistant

InfoBeans Technologies Limited — Audit Report / Information 2024

61086_rns_2024-05-07_aa6b61e0-88d4-4e67-9ab2-33f67b4018e9.pdf

To The Board of Directors of Infobeans Technologies Limited

Report on the audit of the Standalone Financial Results

Opinion

Basis for Opinion

Standalone Financial Results

Chartered Accountants

Chartered Accountants

Other Matter

For S R B C & CO LLP

Report on the audit of the Consolidated Financial Results

Opinion

Basis for Opinion

Chartered Accountants

Other Matter

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InfoBeans Technologies Limited Audit Report / Information 2024