Kellton Tech Solutions Ltd. — Interim / Quarterly Report 2023

Feb 14, 2023

To

TECH SOLUTIONS LIMITED.KELLTON
To
The General Manager,	The Manager,
Listing Department,	Listing Department,
BSE Limited,	National Stock Exchange of India Ltd,
1° Floor, New Trading Wing,	Exchange Plaza,
Rotunda Building, P.J. Towers,	Bandra Kurla Complex, Bandra (East),
Dalal Street Fort,	Mumbai — 400051
Mumbai-400001
Scrip Code: 519602	Scrip Code: KELLTONTEC
Dear Sir/Madam,
	Sub: Outcome of Board Meeting of Kellton Tech Solutions Limited ("the Company") held on Tuesday,
	February 14, 2023
	Ref: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Company atTheBoardDirectorsof theof	meetingFebruarywhichtoday,2023,held14,itsi.e.,
	commenced at 05:00 P.M. and concluded at 6:00 P.M. has, inter-alia, considered and approved the
following businesses
	Considered and approved the Un-audited (Standalone and Consolidated) Financial Results for the
a)Quarter ended December 31, 2022.
b)	Considered Limited Review Report (Standalone & Consolidated) dated February 14, 2023, issued by
	the Statutory Auditors i.e. M/s Anant Rao and Malik, Chartered Accountants, for the period ended
December 31, 2022.
Kindly take the same on record.
For and on behalf of
Kellton Tech Solutions Limited
Rahul Jain
Company Secretary and Compliance Officer
Date: February 14, 2023
Place: Hyderabad

Dear Sir/Madam,

Sub: Outcome of Board Meeting of Kellton Tech Solutions Limited ("the Company") held on Tuesday, February 14, 2023

Ref: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

• a) Considered and approved the Un-audited (Standalone and Consolidated) Financial Results for the Quarter ended December 31, 2022.
• b) Considered Limited Review Report (Standalone & Consolidated) dated February 14, 2023, issued by the Statutory Auditors i.e. M/s Anant Rao and Malik, Chartered Accountants, for the period ended December 31, 2022.

Kindly take the same on record.

Rahul Jain Company Secretary and Compliance Officer Date: February 14, 2023 Place: Hyderabad CIN:L72200TG1993PLCO016819 RAHUL JAIN Digitally signed by RAHUL JAIN

Plot No. 404-405, 4th & 6th Floor, iLABS Centre, Udyog Vihar, Phase Ill, Gurugram, Haryana -122016, (India), Ph: +91-124-4698900, Extn:917, Fax: +91-124-4698949 / E-mail: info@kelltontech.com

Regd. Office: Plot No. 1367, Road No:45, Jubilee Hills, Hyderabad-500033, T.G. India Ph: +91-40-44333000, Fax :+91-40-23552358

ANANT RAO & MALLIK Since 1983 Chartered Accountants

B-409 / 410, Kushal Towers, Khairatabad, Hyderabad-500004. Phone : 040-23320286 E-mail : armcas@gmail.com

a

Limited Review Report

Review Report to The Board of Directors of Kellton Tech Solutions Limited

1. We have reviewed the accompanying statement of unaudited consolidated financial results of Kellton Tech Solutions Limited ("Company") and its subsidiaries (together, the "Group") for the quarter ended December 31, 2022 and year to date from April 1, 2022 to December 31, 2022 (the "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 ("The Regulation')

2. The preparation of the Statement 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 Companies Act, 2013, read with relevant rules issued there under and other accounting principles generally accepted in India is the responsibility of the Company's management and has been approved by the Board of Directors of the Company. Our responsibility is to express a conclusion on the Statement based on our review.

3. We conducted our review in accordance with the Standards 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.

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

1. The Statement Include the results of the entities as given in the Annexure-1 to this report

1. Based on our review conducted as above and on consideration of report of other auditors on the unaudited separate quarterly financial results and on other financial information of the components, nothing has come to our attention that causes us to believe that the accompanying Statement of unaudited financial results prepared in accordance with recognition and measurement principles laid down in applicable Indian Accounting Standards prescribed under section 133 of Companies Act, 2013, read with relevant rules issued there under and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

2. We did not review the interim financial results and other financial information of four subsidiaries, whose interim financial results reflect total assets of Rs. 51,122.48 Lakhs as at December 31, 2022, Total Revenue of Rs. 18,618.79 Lakhs and Rs. 55,037.72 Lakhs, Total Net Profit after Tax of Rs. 1,336.51 Lakhs and Rs. 4068.72 Lakhs, Total Comprehensive Income of Rs. 1,406.91 Lakhs and Rs. 4,304.18 Lakhs, for the quarter ended December 31, 2022 and for the period from April 1,2022 to December 31,2022, respectively as considered in the consolidated unaudited financial results. This interim financial result has been reviewed by other auditor, whose report has been furnished to us by the management and our conclusions on the statement, in so far as it relates to the amounts and disclosures in respect of these subsidiaries is based solely on report of the other auditor and procedures performed by us stated above

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

M.NO.022644 UDIN : 23022644BGUPBI7392

Place: Hyderabad Date: 14-02-2023.

Unaudited Consolidated Financial results for Quarter ended 31-12-2022 include results of the following entities:

	Unaudited Consolidated Financial Results	Annexure-I to The Independent Auditor's Review Report on the Quarterly and Year to Date
		Unaudited Consolidated Financial results for Quarter ended 31-12-2022 include results of the
	following entities:
	SI.No Name of the Entity
1	Kellton Dbydx Software Private Limited	StatusWholly Owned Subsidiary
2	Kellton Tech Inc	Wholly Owned Subsidiary
3	Kellton Tech Solutions Inc	Wholly Owned Subsidiary
4	Kellton Tech Limited (Ireland)	Wholly Owned Subsidiary
5	Evantage Solutions Inc	Step Down Subsidiary (Wholly owned subsidiary of KelltonTech Inc)
6	Vivos Professionals LLC	Step Down Subsidiary (Wholly owned subsidiary of Kellton
		Tech Inc)
z	Prosoft Technology Group Inc	Step Down Subsidiary (Wholly owned subsidiary of Kellton
8	Intellipeople Inc	Tech Solutions Inc)Step Down Subsidiary (Wholly owned subsidiary of Kellton
		Tech Solutions Inc)
9	Kellton Tech (UK) Limited	Step Down Subsidiary (Wholly owned subsidiary of Kellton
		Tech Limited)
10	Lenmar Consulting Inc	Step Down Subsidiary (Wholly owned subsidiary of KelltonTech Solutions Inc)
i	SID Computer Group Inc	Step Down Subsidiary (Wholly owned subsidiary of Kellton
		Tech Solutions Inc)
12	Talent Parents Inc	Step Down Subsidiary (Wholly owned subsidiary of Kellton
in,	Planet Pro Inc	Tech Solutions Inc)Step Down Subsidiary (wholly owned subsidiary of Kellton
		Tech Inc)
14	Planet Pro Canada Inc	Step Down Subsidiary (wholly owned subsidiary of Kellton
15	Planet Pro Asia Pte Limited	Tech Limited)Step Down Subsidiary (wholly owned subsidiary of Kellton
		Tech Limited)
16	Tivix Europe SP ZOO	Step Down Subsidiary (wholly owned subsidiary of KelltonTech Limited)

Statement of Unaudited Consolidated Profit and Loss for the quarter and Nine months ended December 315, 2022

(All Figures in lakh except EPS)

KELLTON TECH SOLUTIONS LIMITED.31/12/2022(Unaudited)23,087.0052.2523,139.25--	Statement of Unaudited Consolidated Profit and Loss for the quarter and Nine months endedDecember 315, 2022Quarter Ended30/09/2022(Unaudited)22,718.5266.4422,784.963.30	31/12/2021(Unaudited)21,925.7847.3621,973.14	(All Figures in lakh except EPS)31/12/2022(Unaudited)67,461.12150.3867,611.50	Nine Months Ended31/12/2021(Unaudited)63,230.73102.5963,333.32803.76	Year Ended31/03/2022(Audited)84,267.12119.7184,386.83246.19
		362.57	3.30	-
	-	-	--
			33,067.26	31,965.35	43,036.22
11,147.59263.72	10,687.51269.62	10,856.91290.49	784.59	837.67	1,155.29
331.36	320.30	293.77	956.68	842.15	1,093.43
9,391.16	9,494.35	8,111.7019,915.44	26,790.5961,602.42	22,568.6557,017.58	30,511.5976,042.72
2,005.42	2,009.88	2,057.70	6,009.08	6,315.74	8,344.11
			6,015.82	6,315.91	8,345.32
-	-	-	-	-	8,345.32
347.93	327.56	272.67	1,037.89	1,139.14	1,327.83
5.00	5.00		(3.23)	-	(32:35)
-1,656.35	1,683.43	1,780.03	4,966.16	5,161.77	7,044.52
-	-	-
-	-	-	-
1,656.35	1,683.43	1,780.03	4,966.16	5,161.77	7,044.52
-	-	-			22.61
	-	F	-
70.40	63.78	(81.56)	235.46	(60.32)	54.52
-	-		-	-
					83.71
70.40	1,747.21	1,698.47	5,201.62	5,101.45	7,128.23
	21,133.833.862,009.282,009.28-1,726.75	20,775.082.882,012.762,012.76(3.23)-63.78	2,057.702,057.705.00--(81.56)	6.746,015.8215.00-235.46	0.176,315.9115.00(60.32)

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		KELLTON TECH SOLUTIONS LIMITED.
		XVI. Earnings Per Equity Share (Before
	(Not annualized)	Extra-Ordinary Items) (of Rs. 5 each)
			1.791.78	1.811.81	1.761.76	5.395.38	5.295.29	7.397.39
		XVII. Earnings Per Equity Share (After
		Extra-Ordinary Items) (of Rs. 5 each)(Not
			1.791.78	1.811.81	1.761.76	5.395.38	5.295.29	7:397.39
		Paid up equity share capital (Face Value of	4,824.79	4,824.79	4,822.99	4,824.79	4,822.99	4,824.79
		Reserve excluding Revaluation reserves as		-	=	-	-	43,042.94-
		per balance sheet of previous accounting
		1. Segment Information
		elualatltcles		Quarter Ended		Nine Months Ended		Year Ended
			31/12/2022(Unaudited)	30/09/2022(Unaudited)	31/12/2021(Unaudited)	31/12/2022(Unaudited)	31/12/2021 31/03/2022(Unaudited)	(Audited)
	1.	Segment Revenue
		Digital	18,919.82	18,616.36	17,931.17	55,283.36	51,681.92	68,918.42
		TransformationEnterprise Solutions	3,260.45	3,205.77	3,109.27	9,504.30	8,992.93	11,948.99
		Consulting	906.73	896.39	885.34	2,673.4667,461.12	2,555.8863,230.73	3,399.7184,267.12
	2.	TotalLess: Intersegment	23,087.00	22,718.52	21,925.78
(a) Basic(b) Dilutedannualized)(a) Basic(b) DilutedRs. 5 each).year.	3.	revenueNet Sales /Income	23,087.00	22,718.52	21,925.78	67,461.12	63,230.73	84,267.12

1. Segment Information

	il eatiettemeeeeenignmeaantadalKELLTON TECH SOLUTIONS LIMITED.
		1.79	1.811.81	1.761.76	5.395.38	5.295.29	7.397.39
(b) Diluted		1.78
		1.79	1.81	1.76	5.39	5.29	7:39
(b) Diluted		1.784,824.79	1.814,824.79	1.764,822.99	5.384,824.79	5.294,822.99	7.394,824.79
	Paid up equity share capital (Face Value of
	Reserve excluding Revaluation reserves as	-		=	-	-	43,042.94-
	1. Segment Information
							Year Ended
	elualatltcles	31/12/2022	Quarter Ended30/09/2022	31/12/2021	Nine Months Ended31/12/2022	31/12/2021 31/03/2022
		(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
1.	Segment Revenue					51,681.92	68,918.42
	DigitalTransformation	18,919.82	18,616.36	17,931.17	55,283.36
	Enterprise Solutions	3,260.45	3,205.77	3,109.27	9,504.30	8,992.93	11,948.99
	Consulting	906.73	896.39	885.34	2,673.46	2,555.88	3,399.71
2.	TotalLess: Intersegmentrevenue	23,087.00	22,718.52	21,925.78	67,461.12	63,230.73	84,267.12
3.	Net Sales /Incomefrom operations	23,087.00	22,718.52	21,925.78	67,461.12	63,230.73	84,267.12
4.	Segment results profit/ (loss) before tax,interest and
	depreciationDigital	5,954.85	5,408.65	5,706.30	16,422.50	16,210.37	21,342.74
	TransformationEnterprise Solutions	697.24	626.89	669.09	1,910.26	1,928.90	2,520.86
	Consulting	197.33	187.83	198.52	566.67	544.55	73159
5.	Total	6,849.42	6,223.37	6,573.91	18,899.43	18,683.82	24,595.19
	UnallocableLess:	4,632.53	4,087.66	4,273.08	12,256.14	11,633.00	15,215.50
	Expenses		192.27	290.49	784.59	837.67	1,155.29
6.7.	Finance CostUn allocable Income	263.7256.11	69.32	47.36	157.12	102.766315.91	120.928,345.32

Notes:

1. *Assets and liabilities used in the company's business are not identified to any of the reportable segment as these are used interchangeably between segments. The management believes that it is not practicable to provide segment disclosures related to total assets and liabilities since meaningful segregation of the available data is onerous.

2. Figures of the corresponding previous periods are regroupe and reclassified wherever considered necessary to correspond with current period's presentation.

1. The Statutory Auditors of the Company have conducted a limited review of the financial results for the quarter and nine months ended December 315t, 2022 pursuant to the requirement of Regulation 33of the SEBI (Listing Obligation and Disclosure Requirements) Regulation 2015 and have given an unqualified opinion in their report. These financial results have been reviewed by the Audit Committee and thereafter approved by Board of Directors at their respective meetings held on February 14*, 2023.

2. The Limited Review Report given by Statutory Auditors of the Company,is as per the SEBI Circular no. CIR/CFD/CMD1/80/2019 dated July 19 , 2019

Place: Hyderabad For Kelltom Tech S6lutions Limited Date: 14.02.2023 La EN PI Niranjan Chintam - Chairman DIN: 01658591

ANANT RAO & MALLIK

B-409 / 410, Kushal Towers, Khairatabad, Hyderabad-500004. Phone : 040-23320286 E-mail : armcas@gmail.com

Limited Review Report

Review Report to The Board of Directors of Kellton Tech Solutions Limited

1. We have reviewed the accompanying statement of unaudited standalone financial results of Kellton Tech Solutions Limited ("Company") for the quarter ended December 31, 2022 and year to date from April 1, 2022 to December 31, 2022 (the "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 ("The Regulation"). This statement is the responsibility of the Company's Management and has been approved by the Board of Directors of the Company. Our responsibility is to express a conclusion on the Statement based on our review.

2. We conducted our review in accordance with the Standards 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.

3. 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 recognition and measurement principles laid down in the applicable Indian Accounting Standards prescribed under section 133 of the Companies Act, 2013, read with relevant rules issued there under and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For ANANT RAO & MALLIK

Chartered Accountants FRN: 006266S

V. ANANT RAO Partner M.No. : 022644 " UDIN : 23022644BGUPBH2540

Place : Hyderabad Date: 14-02-2023

Statement of un-audited Standalone Profit and Loss for the quarter and nine months ended December 315* 2022

(All figures in lakh except EPS)

TECH SOLUTIONS LIMITED.
Statement of un-audited Standalone Profit and Loss for the quarter and nine months		ended December 31st 2022
					(All figures in lakh except EPS)
		Quarter Ended		Nine Months Ended		Year Ended
Particulars	31/12/2022	30/09/2022	31/12/2021	31/12/2022	31/12/2021	31/03/2022
I. Revenue from Operations	(Unaudited)4,468.21	(Unaudited)4,195.72	(Unaudited)3,181.18	(Unaudited)12,423.40	(Unaudited)8,969.35	(Audited)12,318.16
II. Other Income	42.72	66.384,262.10	47.863,229.04	140.7312,564.13	91.239,060.58	103.5012,421.66
III. Total Revenue (I+II)IV. Expenses	4,510.93
(a) Cost of Materials consumed(b) Purchase of Stock-in-trade		3.30	362.57	3.30	803.76	246.19
(c) Changes in inventories orfinished goods, work in progress
and Stock- in-trade(d) Employee benefits Expense	3,099.74	2,954.69	1,966.35	8,851.43	5,734.21	8,541.08
(e) Finance cost(f) Depreciation and Amortization	136.70149.28	131.31142.45	111.68127.95	399.43428.76	333.37363.79	435.69497.16
Expense(g) Other Expenses	729.21	643.05	284.46	1,753.74	810.20	1,250.65
Total ExpensesV. Profit/(Loss) before	4,114.93396.00	3,874.80387.30	2,853.01376.03	11,436.661,127.47	8,045.331,015.25	10,970.771,450.89
exceptional and extraordinaryitems and Tax (III-IV)
VI. Exceptional ItemsVII. Profit/(Loss) before	3.86399.86	2.88390.18	376.03	6.741,134.21	0.171,015.42	1.211,452.10
extraordinary items and tax (V-VI)
VIII. Extraordinary Items	399.86	390.18	376.03	1,134.21	1,015.42	1,452.10
IX. Net Profit/(Loss) before tax$(VII-VIII)$
X. Tax expense1.Current Tax	75.00	75.00	85.00	225.00	245.00	375.74
2. Deferred Tax3. Earlier year Tax	5.00	5.00(3.23)	5.00	15.00(3.23)	15.00	5.82(18.45)
XI. Net Profit/(Loss) for theperiod from continuing	319.86	313.41	286.03	897.44	755.42	1,088.99
operations (IX-X)XII. Net Profit/(Loss) for the
period from discontinuingoperations before tax
XIII. Tax expense fromdiscontinuing operations
XIV. Net profit /(Loss) for the		313.41	286.03	897.44	755.42	1,088.99
period from discontinuingoperations after tax (XII-XIII)
XV. Net Profit/(Loss) for theperiod (XI+XIV)	319.86
Other Comprehensive IncomeA (i) Items that will not be						22.61
reclassified to profit or loss(ii) Income tax relating to items						6.58
that will not be reclassified toprofit or loss
B (i) Items that will be reclassifiedto profit or loss
(ii) Income tax relating to itemsthat will be reclassified to profit or
lossTotal Other Comprehensive						29.19
IncomeXVI. Total Comprehensive	319.86	313.41	286.03	897.44	755.42	1,118.18
Income/ (Loss) after taxes,minority interest and share ofprofit/(loss) of associates

Plot No. 404-405, 4th Floor, iLABS Centre, Udyog Vihar, Phasd lil, Gurugram, Haryana -122016, (India), Ph:+91-124-4698900, Extn: 917, Fax: +91-124-4698949 / E-mail:info@kelltontech.com CIN : L72200TG1993PLC016819 Regd. Office: Plot No. 1367, Road No: 45, Jublilee Hills, Hyderabad-500033, T.G. India Ph:+91-40-44333000, Fax: +91-40-23552358

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	SOLUTIONS LIMITED.
KELLTON TECH
	XVII. Earnings Per Equity Share(Before Extra-Ordinary Items)(of Rs.5 each) (not annualized)
	(a) Basic(b) Diluted	0.330.33	0.330.33	0.290.29	0.930.93	0.780.78
	XVIII. Earnings Per EquityShare (After Extra-OrdinaryItems) (of Rs.5 each) (notannualized)
	(a) Basic(b) Diluted	0.330.334,824.79	0.330.334,824.79	0.290.294,822.99	0.930.934,824.79	0.780.784,822.99	4,824.79
	Paid up equity share capital (FaceValue ofRs. 5 each).						9,286.98
	Total Reserves
	Notes:
	1. Figures of the corresponding previous periods are regrouped and reclassified wherever considered necessary tocorrespond with current period's presentation.
	2. The Statutory Auditors of the Company have conducted a limited review of the financial results for the quarter andnine months ended December 31:t, 2022 pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligationand Disclosure Requirements) Regulation 2015 and have given an unqualified opinion in their report. These financialresults have been reviewed by the Audit Committee and thereafter approved by Board of Directors at their respective
	meetings held on February 14*, 2023.3. The Company does not have multiple segments for Standalone financials.
	LimitedReview4. The	Report given	by Statutory Auditors	of the Company	isas	per the SEBI	Circular
	no. CIR/CFD/CMD1/80/2019 dated July 19, 2019
						. as Limi
	Place: HyderabadDate: 14.02.2023				For Kellton v9	7A WX FICS
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					ChairmanDIN: 01658591	NNOO{QS yy OS_
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Notes:

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