PCS Technology Ltd. — Interim / Quarterly Report 2020

Nov 10, 2020

10" November, 2020

The Secretary The Bombay Stock Exchange Ltd. Phiroze Jeeyjeebhoy Towers 27" Floor, Dalal Street Mumbai 400 023

Dear Sir,

Ref : Security Code no. 517119

Pursuant with Regulation 33 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirement) Regulations, 2015, we enclose herewith the:

• 1. Copy of Un-Audited standalone Financial results of the Company
• 1. Copy of Auditors Report— (Standalone) of M/s. Vinod K Mehta & Co. Chartered Accountant

for the quarter and half year ended 30" September, 2020 which was taken on record at the meeting of the Board of Directors of the Company held today through Video Conferencing.

Thanking you

(Din:00014194)

Yours faithfu

° bX N Ashok Kumar

PCS Technology Limited : 8th Floor, Technocity, Plot No. X-5/3, MIDC Mahape, Navi Mumbai - 400 710. Tel.: 91-22-4129 6111 Fax : 4129 6082 www.pcstech.com Registered Office : 82/6/1, Solar Park, Shop No.6, Pune - Alandi Road, Dattanagar, Dighi- Pune - 411015 CIN NO.: L74200MH1981PLC024279

NCS PCS TECHNOLOGY LIMITED

EXTRACTS OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER 2020

	TECHNOLOGY Regd. Off.: 82/6/1, Solar Park, Shop no.6, Pune-Alandi Road, Dattanagar, Dighi- Pune- 411015; Corp. Office: 8th floor, Technocity, plot no. X-5/3, MIDC, Mahape, Navi Mumbai- 400710. Tel.: 022 41296111, Fax no.: +912241296082,
	Website : www.pestech.com, Email : investorsgrievances@pcstech.com, CIN : L74200MH1981PLC024279 EXTRACTS OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER 2020
					Consolidated		(Rs. In Lacs)
	;
	Parsioutans		Quarter Ended			Half Year Ended	helen
_			30.09.2020 30.06.2020 30.09.2019 30.09.2020 30.09.2020 31.03.2020 Unaudited Unaudited Unaudited Unaudited Unaudited Audited
	1 Total Income from Operations	73.30	76.71	109.29	150.04	218.84	426.35
__	2 Net Profit / (Loss) for the period (before Tax, Exceptional and/or Extraordinary items)	18.81	28.19	6.16	47.00	41.34	131.29
3	Net Profit / (Loss) for the period before tax (after Exceptional and/or Extraordinary items)	13.64	28.19	(322.69)	41.83	(287.51)	(531.08)
	4 Net Profit / (Loss) for the period after tax (after Exceptional and/or Extraordinary items)	(10.37)	19.81	(327.44)	9.44	(295.68)	(528,39)
	5 Total Comprehensive Income for the period [Comprising Profit / (Loss) for the period (after tax) and Other Comprehensive Income (after tax)]	(10.62)	19.56	(330.20)	8.94	(300.09)	(531.07)
	6 Equity Share Capital	2,095.07	2,095.07	2,095.07	2,095.07	2,095.07	2,095.07
	7 Reserves (excluding Revaluation Reserve) as shown in the Audited Balance Sheet of the previous year	NA	NA	NA	NA	NA	NA
	8 Basic & Diluted Earnings Per Share (of Rs.10/-each) (not annualised' ) extraordinary (before items)	(0.05)*	0.09*	(1.56)*	0.05*	(1.41)*	(2.52)
The	Standalone basis are as under Financial details on
			Quarter Ended	Standal	Half Year Ended		nancial
	Particulars		30.09.2020 30.06.2020 30.09.2019 30.09.2020 30.09.2020 31.03.2020				Wear Ended
	4 Total income from Operations		Unaudited Unaudited Unaudited Unaudited Unaudited Audited
	2 Profit before tax	72.23 12.75	75.49 27.11	107.97 (322.91)	147.72 39.86	216.21 (289.00)	421.13 (533.44)

Particulars			Quarter Ended		Half Year Ended	nancial Wear Ended
			30.09.2020 30.06.2020 30.09.2019 30.09.2020 30.09.2020 31.03.2020
			Unaudited Unaudited Unaudited Unaudited Unaudited Audited
	4 Total income from Operations	72.23	75.49	107.97	147.72	216.21	421.13
	2 Profit before tax	12.75	27.11	(322.91)	39.86	(289.00)	(533.44)
	3 Profit after tax	(10.96)	19.03	(327.66)	8.07	(297.17)	(529.61)

Notes:

¹The above is an extract of the detailed format of Financial Results for Half Year and Quarter Ended 30th September 2020 filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing and Other Disclosure Requirements) Regulations, 2015. The full format of Financial Results for Half Year and Quarter Ended 30th September 2020 are available on the websites of the Stock Exchange (www.bseindia.com) and the listed entity (www.pestech.com).

²The above unaudited financial results after being reviewed by the Audit committee were approved by the Board of Directors in their meeting held on 10th November 2020. 3 Based on the Management approach as defined under Ind-AS 108, Operating segments, the Company operates in one business segment i.e. ITes related Facilty Management Segment, as such itis the only reportable business segment. Due to Management decision, "Revenue from IT enabled services" are much lower as compared to previous quarters. As a result of which "Other Income" exceeds "Revenue from Operations"

⁴— The Company adopted Indian Accounting Standards (Ind-AS) from April 1, 2017 and accordingly these financial results have been prepared in accordance with the recognition and measurement principles laid down in the IND-AS 34 'Interim Financial Reporting' prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder and other accounting principles generally accepted in India. Financial for the quarter have been prepared in accordance with the recognition and measurement principles of Ind-AS 34.

⁵The Consolidated Financials Results have been prepared in accordance with principles of Indian Accouting Statndard (IndAS) as specified by ICAI & section 133 of The Companies Act ²⁰¹³

⁶PCS Technology USA Inc, one of the wholly owned subsidiary of the company stands dissolved in FY 2019-20 and its existence comes to an end as per the certificate of Dissolution issued by the autorities of the State of New Jersey (USA). In view of this , the consolidated Statement of Profit and Loss Account of the Company has been prepared excluding the financials figures of the dissolved entity,

⁷The Company, in the past has invested funds in Bonds. The Market value/Resale value of some of the bonds have declined. Accordingly, the excess of carrying value over realisable value amounting to Rs.479.79 Lakhs was accounted for as "Exceptional Item". for the year ended 31st March 2020. The Exceptional Items for the year ended 31st March 2020 also includes Rs 167.58 lacs which was paid for in availing Sabka Vishwas (Legacy Disputes Resolution. 2019) to Central Goverment in complete resolution of past disputed Service tax liability. The Exceptional Item for the current quarter and half year ended 30th September 2020 amounting to Rs 5.17 lakhs for the quarter and half year ended 30th September 2019 amounting to Rs. 328..15 Lacs represent excess of carrying value over realisable value of investment in Bonds on mark- to-market basis. 16 x 21_cm_Annx XI

8 The Statutory Auditors of the Company have carried out the limited review for quarter ended September 30, 2020 on the financial statements.

⁹The Company has taken into account the possible impacts of COVID-19 in preparation of the interim financial statements, including but not limited to its assessment of liquidity and going concern assumption, recoverable values of its financial and non-financial assets, impact on revenues and on cost budgets in respect of fixed price contracts and impact on leases, The Company has considered internal and certain external sources of information including reliable credit reports, economic forecasts and industry reports upto the date of approval of the interim financial statements and expects to recover the carrying amount of its assets. The impact of COVID-19 on the interim financial statements may differ from that estimated as at the date of approval of the interim financial statements.

10 Figures of the previous periods have been regrouped/ rearranged wherever necessary to make them comparable with current period's classification.

Place: Mumbai Date : 10/11/2020

OCS PCS TECHNOLOGY LIMITED Regd. Off.: 82/6/1, Solar Park, Shop no.6, Pune-Alandi Road, Dattanagar, Dighi- Pune- 411015; Corp. Office: 8th floor, Technocity, plot no. X-5/3, MIDC, Mahape, Navi Mumbai- 400710. CHNOLOGY Tel.: 022 41296111, Fax no.: +912241296082,Website : www.pcstech.com, Email : investorsgrievances@pcstech.com, CIN : L74200MH1981PLC024279

Statement of Unaudited Financial Results For The Quarter And Half Year Ended 30th September 2020

	OCS						TECHNOLOGY
	PCS Regd. Off.: 82/6/1, Solar Park, Shop no.6, Pune-Alandi Road, Dattanagar, Dighi- Pune- 411015; Corp. Office: 8th floor, Technocity, plot no. X-5/3, MIDC, Mahape, Navi Mumbai- 400710.									LIMITED
TE	CHNOLOGY Tel.: 022 41296111, Fax no.: +912241296082,Website : www.pcstech.com, Email : investorsgrievances@pcstech.com, CIN : L74200MH1981PLC024279 Statement of Unaudited Financial Results For The Quarter And Half Year Ended 30th September 2020
PART I Sri	Particulars				Standalone						Consolidated		(in lakhs)
No.			Quarter Ended			Half Year Ended	Financial Year Ended 30.09.2020} 30.06.2020} 30.09.2019 30.09.2020) 30.09.2019 31.03.2020) 30.09.2020/ 30.06.2020) 30.09.2019 30.09.2020 30.09.2019 31.03.2020		Quarter Ended			Half Year Ended Financial	Year Ended
	! Revenue from operations (net)	6.17	5.82	7.78	11.99	15.95	Unaudited Unaudited Unaudited Unaudited Unaudited Audited Unaudited Unaudited Unaudited Unaudited Unaudited] Audited 29.90	6.17	5.82	7.78	11,99	15.95	29.90
	"Il Other Income li Total Revenue (I+Il)	66.06 72.23	69.67 75.49	100.19 107.97	135.73 147.72	200.26} 216.21)	391.23 421.43	67.13 73.30	70.89 76.71	101.51 109.29	138.02} 450.01	202.89} 218.84)	396.45 426.35
"WV	Expenses (a) Cost of material consumed (b) Purchase of stock-in-trade	-	-	-	-	-	-	-	-	-	-	-	-
	(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
	_ (d) Employee benefits expense (e) Finance costs	20.32 10.28	19.73 8.81	21,26 12.92	40.05 19.09	43.30 24.91	84.46 49.31	20,32 10.28	19.73 8.81	21.26 12.92	40.05 19.09	43.30 24.91	84.46 49.31
	(f) Depreciation and amortization expense (g) Other expenses Total Expenses	6.40 17.31 54.34	6.17 13.67 48.38	6.33 62.22 102.73	12.57 30.98 102.69	12.63 96.22} 177.06	25.10 134.03 292.90	6.40 17.49	6.17 13.81	6.33 62.62	12.57, 31.30	12.63 96.66}	25.10 136.19
V Vi_	Profit before exceptional items and tax (III-IV) Exceptional items - income / (expense)	17.92 (5.17)	27.11 -	5.24 (328.15)	45.03 (5.17) }	39.15} (328.15)	128.23 (661.67)	54.49 18.81 (5.17)	48.52 28.19	103.13 6.16 (328.85)	103.01 47.00 (5.17)	177.50 41.34	295.06 131.29 (328.85) (662.37)
Vill)	Vil Profit before tax (V+VI) Tax expense	12.75	27.11	(322.91)	39.86	(289.00);	(533.44)	13.64	28.19]	(322.69)	41.83}		(287.51) (531.08)
	(a) Current tax (b) Deferred tax (b) Taxation pertaining to earlier year	8.09 - 15.62	8.08 - -	3.12 - 1.63	16.17 -	12.00 -	- -	8.39 -	8.38 -	3.12 -	16.77 -	12.00 -	1.10 -
	_ IX Profit / (Loss) for the period from continuing operations (VIl-VIll)	(10.96)	19.03	(327.66)	15.62 8.07	(3.83) (297.17)	(3.83) (529.61)	15.62 (10.37)	- 19.81}	1.63 (327.44)	15.62 9.44)	(3.83)	(3.79) (295.68) (528.39)
	X Profit / (Loss) from discontinued operations Xi Tax expense of discontinued operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- :
Xlll	"Xi Profit / (Loss) from discontinued operations (after tax) (X-XI) Profit / (Loss) for the period (IX+XIl) XIV Other Comprehensive Income	- (10.96)	- 19.03	: (327.66)	: 8.07}	- (297.17)	- (529.61)	- (10.37)	- 19.81}	- (327.44)	- 9.44)	-	: (295.68) (528.39)
	(i) Items that will be reclassified to profit or loss (ii) Income tax relating to items that will be reclassified	- -	- -	- -	" -	i =	# si	z s	a -	si -	- -	- -	- ss
	to profit or loss B (i) Items that will not be reclassified to profit or loss (ii) Income tax relating to items that will not be	(0.34)	(0.33)	(3.73)	(0.67)	(5.96)	(3.58)	(0.34)	(0.33)	(3.73)	(0.67)	(5.96)	(3.58)
	reclassified to profit or loss XV_ Total Comprehensive Income for the period (XIlI+XIV)	0.09 (11.21)	0.08 18.78	0.97 (330.42)	0.17 7.57	1.55 (301.58)	0.90 (532.29)	0.09 (10.62)	0.08 19.56}	0.97 : (330.20)	0.17 8.94;	1.55	0.90 (300.09) (531.07)
	{Comprising Profit / (Loss) and Other Comprehensive Income for the period) Xvi Equity Share Capital (face value of Rs. 10/- each)	2,095.07}	2,095.07	2,095.07)	2,095.07}	2,095.07)	2,095.07	2,095.07]	2,095.07]	2,095.07]	2,095.07/	2,095.07]	2,095.07
	XVil_ Earning per equity share (of Rs.10/- each) (not annualised*) (1) Basic	(0.05)*	0.09"	(1.56)*	0.04*	(1,42)*	(2.53)	(0.05)*	0.09*	(1.56)*	0.05*	(1.41)*	(2.52)
PARTH	(2) Diluted	(0.05)*	0.09*	(1.56)*	0.04*	(1.42)*	(2.53)	(0.05)*	0.09"	(1.56)*	0.05*}	—(1.41)*	(2.52)
1	A PARTICULARS OF SHAREHOLDING Public Shareholding Number of equity shares						62,50,682) 62,50,682 62,50,682 62,50,682 62,50,682} 62,50,682 62,50,682 62,50,682]			62,50,682]		62,50,682 62,50,682 62,50,682
2	_ Percentage of shareholding Promoters and Promoter group shareholding	29.83	29.83	29.83	29.83	29.83	29.83	29.83	29.83	29.83	29.83	29.83	29.83
	(a) Pledged / Encumbered Number of shares	-	:	r	&	"	"	"	"	-	:	-	=
i	Percentage of shares (as a % of the total shareholding __ of promoter & promoter group) Percentage of shares (as a % of the total share	- -	- -	-	-	- -	7	-	é 'i	* 5	J Z	- o	3 w
	capital of the company) (b) Non Encumbered
	Number of shares Percentage of shares (as a % of the total shareholding of promoter & promoter group)	100.00	100.00	100.00	100.00	100.00	1,46,99,989 1,46,99,939) 1,46,99,995 1,46,99,929 1,46,99,995 1,46,99,99% 1,46,99,239) 1,46,99,939) 1,46,99,995 1,46,99,935} 1,46,99,995 1,46,99,995 100.90	100.00	100.00	100.00	100.00	100.00}	100.00
	Percentage of shares (as a % of the total share capital of the company)	70.17	70.17	70.17	70.17	70.17	70.17	70.17	70.17	70.17	70.17	70.17	70.17
	B PARTICULARS OF INVESTOR COMPLAINTS Pending at the beginning of the quarter						Quarter ended 30.09.2020 Nil
	_ Received during the quarter Disposed of during the quarter Remaining unresolved at the end of the quarter						Nil Nil Nil
Notes:	The above unaudited financial results after being reviewed by the Audit committee were approved by the Board of Directors in their meeting held on 10th November ,2020 . These results have been subjected to limited

²Based on the Management approach as defined under Ind-AS 108, Operating segments, the Company operates in one business segment i.e. ITes related Facilty Management Segment, as such itis the only reportable business segment, Due to Management decision, "Revenue from IT enabled services" are much lower as compared to previous quarters. Asa result of which "Other Income" exceeds "Revenue from Operations"

³"The Company adopted Indian Accounting Standards (Ind-AS) from April 1, 2017 and accordingly these financial results have been prepared in accordance with the recognition and measurement principles laid down in the IND-AS 34 'Interim Financial Reporting' prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder and other accounting principles generally accepted in India. Financial for the quarter have been prepared in accordance with the recognition and measurement principles of Ind-AS 34.

4 The Financials Results have been prepared in accordance with principles of Indian Accouting Statndard (IndAS) as specified by ICAI & section 133 of The Companies Act 2013.

» PCS Technology USA Ine, one of the wholly owned subsidiary of the company stands dissolved in FY 2019-20 and its existence comes to an end as per the certificate of Dissolution issued by the autorities of the State of New Jersey (USA). In view of this, the consolidated Statement ofProfit and Loss Account of the Company has been prepared excluding the financials figures of the dissolved entity.

© The Company, in the past has invested funds in Bonds. The Market value/Resale value of some of the bonds have declined. Accordingly, the excess of carrying value over realisable value amounting to Rs.479.79 Lakhs was accounted for as "Exceptional Item". for the year ended 31st March 2020. The Exceptional Items for the year ended 31st March 2020 also includes Rs 167.58 lacs which was paid for in availing Sabka Vishwas (Legacy Disputes Resolution. 2019) to Central Goverment in complete resolution of past disputed Service tax liability. The Exceptional Item for the current quarter and half year ended 30th September 2020 amounting to Rs 5.17 lakhs for the quarter and half year ended 30th September 2019 amounting to Rs. 328..15 Lacs represent excess of carrying value over realisable value ofinvestmentin Bonds on mark-to-market basis. / The Statutory Auditors of the Company have carried out the limited review for half year and quarter ended September 30, 2020 on the financial statements.

& The Company has taken into account the possible impacts of COVID-19 in preparation of the standalone interim financial statements, including but not limited to its assessment of liquidity and going concern assumption, recoverable values of its financial and non-financial assets, impact on revenues and on cost budgets in respect of fixed price contracts and impact on leases. The Company has considered internal and certain external sources of information including reliable credit reports, economic forecasts and industry reports upto the date of approval of the standalone interifNinanc/al/statements and expects to recover the carrying amount of its assets. The impact of COVID-19 on the standalone interim financial statements may differ from that estimated as at the date of approval of the standglon intérim finangial statements. 9 Figures of the previous periods have been regrouped/ rearranged wherever necessary to make them comparable with current period's classification

Place: Mumbai ' seme Nive Date : 10/11/2020 For PCS Tachi OR ea

Ma OM Astok Kumar Patni

Vice Chairman

^q\ Size_20 x 33_cm Result

O05 PCS TECHNOLOGY LIMITED

Regd. Off.: 82/6/1, Solar Park, Shop no.6, Pune-Alandi Road, Dattanagar, Dighi- Pune- 411015; Corp. Office: 8th floor, Technocity, plot no. X-5/3, MIDC, Mahape, Navi Mumbai- 400710.
Email : investorsgrievances@pcstech.com, CIN : L74200MH1981PLC024279
	(Rs.in lakhs)
30-Sep-20	Year ended 31-Mar-20
8.07	(529.60) -
31.79 (0.67)	(3.83) -
- -	- (10.00)
19.09	25.10 49.31 692.72
- (29.38)	- (33.17)
-	-
-	85.88 - 52.71
(11.23) (24.34)	0.32 24.40
-	- (0.34)
- -	(370.24) -
95.72 94.03	398.93 28.35
	28.35 -
(19.09) (19.09)	(44.27) (95.63)
	(139.90)
82.13	(42.88) 125.01
3,097.84	- 82.13
	September, 2020 (Rs.in lakhs)
30-Sep-2020 31-Mar-2020	Year ended
9.45	(528,39) -
32.39 (0.67)	(2.69) -
- -	- 10.00
19.09	25.10 49.31 694.81
-	- (261.83)
(2,969.77)	(1,369.56)
(0.11) -	(489.40) -
(13.26)	(362.44) (865.54) (9.35)
(24.67)	(874.89)
- (1.69) -	- 0.34 385.78
- 97.99	- 480.52
-	866.64 -
- (19.09)	2.99 (49.31)
	(46.32)
52.54	(54.57)
105.70	160.27
	TECHNOLOGY LIMITED Tel.: 022 41296111, Fax no.: +912241296082, Website : www.pcstech.com, Standalone Cash Flow Statement For The Quarter And Half Year Ended 30th September 2020 Year ended - 12.57 5.17 (0.11) (29.49) (1.69) 94.03 - (38,18) 50.59 2,965.12 for the Quarter and half year ended 30th Year ended - 12.57 5.17 (107.69) 16.55 (11.41) 96.30 (19.09)

k uM Rp " Ashok\Kumar r°"™ ^V

OCS PCS TECHNOLOGY LIMITED

TECHNOLOGY _ Regd. Off.: 82/6/1, Solar Park, Shop no.6, Pune-Alandi Road, Dattanagar, Dighi- Pune- 411015; Corp. Office: 8th floor, Technocity, plot no. X-5/3, MIDC, Mahape, Navi Mumbai- 400710. Tel.: 022 41296111, Fax no.: +912241296082,Website : www.pcstech.com, Email : investorsgrievances@pcstech.com, CIN : L74200MH1981PLC024279

TECHNOLOGY OCS PCS TECHNOLOGY _ Regd. Off.: 82/6/1, Solar Park, Shop no.6, Pune-Alandi Road, Dattanagar, Dighi- Pune- 411015; Corp. Office: 8th floor, Technocity, plot no. X-5/3, MIDC, Mahape, Navi Mumbai- 400710. Tel.: 022 41296111, Fax no.: +912241296082,Website : www.pcstech.com,			LIMITED
Email : investorsgrievances@pcstech.com, CIN : L74200MH1981PLC024279
Statement of Assets and Liabilities for the Quarter and half year ended 30th September 2020
		Standalone	(Rs. In Lacs) Consolidated
Particulars	As at	As at	As at 30-Sep-2020 31-Mar-2020 30-Sep-2020 31-Mar-2020	As at
A ASSETS
1 Non-Current Assets
(a) Property, plant and equipment (b) Financial assets	917.70	928.57	917.70	928.57
(i) Investments	- 50.20	- 50.20	- 0.20	0.20
(c) Other assets	118.34	126.00	118.40	127.05
Total non-current assets	1,086.24	1,104.77	1,036.30	1,055.82
2 Current assets (a) Financial assets
(i) Investments	310.87	316.05	310.87	316.05
(ii) Trade receivables	1.66	0.69	1.66	0.69
(iv) Cash and cash equivalents	88.63	82.13	114.15	105.70
(v) Other balances with banks (vi) Loans	3,009.21 39.59	2,965.12} 29.90	3,084.24 40.58	3,040.12 30.88
(b) Current income tax liabilities (net)	2.68	15.36	2.27	14.36
(b) Other assets	:	0.92	:	0.92
Total current assets	3,452.64	3,410.17	3,553.74	3,508.72
TOTAL ASSETS	4,538.88	4,514.94	4,590.04	4,564.54
Il. EQUITY AND LIABILITIES
1 Equity (a) Share capital	2,095.07	2,095.07	2,095.07	2,095.07
(b) Other equity	2,007.44	1,999.87	2,057.77 __ 2,048.82
Total Equity	4,102.51	4,094.94	4,152.84	4,143.89
2 Liabilities Non-current liabilities
(a) Financial liabilities
(i) Long-term borrowings	374.98	374.77	374.98	374.77
(ii) Other financial liabilities (b) Provisions	25.47 4.04	24.75 3.50	25.47 4.04	24.75 3.50
(d) Other liabilities	-	:	:
Total non- current liabilities	404.49	403.02	404.49	403.02
3 Current Liabilities
(a) Financial liabilities
(ii) Trade and other payables (b) Current income tax liabilities (net)	22,37	7.72	23.20	8.37
(c) Provisions	- 4.73	- 4.73	- 4.73	4.73
(d) Other liabilities	4.78	4.53	4.78	4.53
Total current liabilities	31.88	16.98	32.71	17.63

12 x 19_cm_BC-CF

For P

\e perk

8-5, SATYAM SHOPPING CENTRE, : Tel. t+ ; 69t-22 2102 42 80 OD K. MEHTA & Co. 2ND FLOOR, M. -G. ROAD, Tel/Fax : + 91-22 6725 5633 Cnartered Accountants GHATKOPAR (E), MUMBAI - 400077. E-mail ; dvsmehta@gmail.com

Sey

independent Auditor's Review Report on the Unaudited Standalone Financial Results of PCS Technology Limited for the quarter and half year ended 30th September, 2020 pursuant to the Regulation 33 of the Securities and Exchange Board of India (SEBI) (Listing Obligations and Disclosure Requirements) Regulations, 201S, as amended,

Review Report to The Board of Directors PCS TECHNOLOGY LUEMITED, Mumbai

• |. We have reviewed the accompanying statement of unaudited standalone financial results of PCS Technology Limited (the "Company") for the quarter and half year ended as on 30" September, 2020 (the "Statement") attached being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations").
• bo This statement which is the responsibility of Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and Measurement principles laid down in the Indian Accounting Standard 34 " Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on these statements based on our review,
• We conducted our review of the Statement 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 statements are free of material misstatement. 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. hed
• 1. 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 the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For.Vinod K Mehta & Co. sit oe : Ar et 63 =f MUMBAI }\$Dij Se. } ey Partner (ICAL Registrg Hof no. 111508W) 'Menibérship Number: ⁰⁴⁴²⁹³ UDIN: 20044293AAAAEP4169 Place: Mumbai

Date: 10/11/2020

'+ 91-22 2102 4280 VV VINOD B-5, SATYAM SHOPPING CENTRE, Jel i+ 91 K. MEHTA

'Nartered

Accountants & Co. 2ND FLOOR, M. -G. ROAD, Tel/Fax + eae GHATKOPAR (E), MUMBAI - 400077. E-mail : dvemehta@gmail.

ee,

independent Auditor's Review Report on the Unaudited Consolid ted Financial Results of PCS Technology Limited for the quarter and half year ended 30th September 2020 pursuant to Disclosure the Regulation Re ³³of the Securities and Exchan ¢ Board of India (SEBT Listing Obliga

Review Report to The Board of Directors PCS TECHNOLOGY LIEIMITED, Pune,

|. We have reviewed the accompanying statement of unaudited consolidated financial results of PCS Fechnology Limited (the "Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group"), for the quarter and half year ended as on 30" September, 2020 ("the Statement") attached herewith, being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"),

• bo This Statement, which is the responsibility of the Parent's Management and approved by the principles Parent's Board laid down of Directors, in Indian has been prepared in accordance with the recognition and measurement Accounting Standard 34 "Interim Financial Reporting" ("Ind AS rules 34"), prescribed issued thereunder under Section 133 of the Companies Act, 2013, as amended, read with relevant and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review,
• Engagements We conducted (SRE) our 241 review 0," Review of the Statement in accordance with the Standard on Review Auditor of the Entity" of Interim Financial Information Performed by the Independent requires that we plan and issued by the Institute of Chartered Accountants of India. This standard Statement is free of material perform the review to obtain moderate assurance as to whether the making inquiries, primarily misstatement. A review of interim financial infomation consists of applying analytical and other of persons responsible for financial and accounting matters, and audit conducted in accordance review procedures. A review is substantially less in scope than an obtain assurance that we would with Standards on Auditing and consequently does not enable us to an audit. Accordingly, we become aware of all significant matters that might be identified in do not express an audit opinion. fae

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

• 1. The Statement includes the results of the following entities:
• a) PCS Positioning Systems (India) Limited b) PCS InfoTech Limited, India
• 1. unaudited We did not financial review the interim financial results of the 2 subsidiaries included in the consolidated total net profitv/(loss) results, after whose interim financial results reflect total revenues of Rs.1,07 lacs 2020. The consolidated tax of Rs.(0.59) lacs quarter and half year ended as on 39! September profit/(loss) after tax Rs.(10.37)lacs unaudited financial results also includes the Group's share of net the quarter ended as on 30" September and total comprehensive income / loss of Rs.(10.62) lacs for results, 2020 as considered in the consolidated unaudited financial

"{ MUMBAI 3°

the These Management interim results and have our been conclusion reviewed by other auditor whose reports have been furnished to us by disclosures included in respect on the statements, in so far as it relates to the amounts and and the procedures performed of these subsidiaries is based solely on the reports of the other auditor by us as stated in paragraph 3 above.

Our financial conclusion results/financial is not modified information in respect of this matter and the reports of the other auditors and the certified by the Management,

1. on Based the consideration on our review of conducted and procedures performed aé stated in paragraph 3 above and based has come to our attention the review reports of other auditors referred to in paragraph 5 above, nothing accordance with recognition that causes us to believe that the accompanying Statement, prepared in Accounting Standards and Measurement principles laid down in the aforesaid Indian amended, read with relevant (' Ind AS') specified under Section 133 of the Companies Act, 2013, as accepted in India, rules issued thereunder and other accounting principles generally Regulations, including has not disclosed the information required to be disclosed in terms of the Listing misstatement, the manner in which it is to be disclosed, or that it contains any material

my Patter: é ICAI Registration no. 11 1508 W) Membership Number: 044293

UDIN: 20044293 AAAAEQ2185

Place: Mumbai Date: 10/11/2020