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PCS Technology Ltd. Interim / Quarterly Report 2021
64029_rns_2021-11-13_fd3a6626-9a12-4dce-baaf-cb30efa2344f.pdf
Interim / Quarterly Report
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13" November, 2021
The Secretary The Bombay Stock Exchange Ltd. Phiroze Jeejeebhoy 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:
-
- Copy of Un- Audited Financial Result of the Company ( Standalone and Consolidated)
-
- Copy of Limited Review Report of M/s. Vinod K Mehta & Co. Chartered Accountant
for the half year ended 30" September, 2021 which was taken on record at the meeting of the Board of Directors of the Company held on 13" November, 2021 at Nariman Point, Mumbai.
Thanking you
Yours faithfully For PCS Technology Limited
Mehul Monani Company Secretary & Compliance Officer
PCS TECHNOLOGY LIMITED Reg. Office: 82/6/1, Solar Park, Shop No.6, Pune - Alandi Road Dattanagar, Dighi- Pune - 411015 CIN: L74200MH1981PLC024279, Tel: 020-26681619, Web:www.pestech.com Email:[email protected]
Registered Office: 82/6/1, Solar Park, Shop no.6, Pune-Alandi Road, Dattanagar, Dighi- Pune- 411015. OCS PCS TECHNOLOGY LTD.
EXTRACTS OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER 2021
| TECHNOLOGY OCS PCS LTD. Registered Office: 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,Mahape, Navi Mumbai- 400 710, Tel.:No.: 022-41296111 » Fax: 91224129082 TECHNOLOGY Website: wwpostech.com + Email: [email protected] « CIN: L74200MH1981PLC024279 EXTRACTS OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER 2021 Consolidated SN Particulars Quarter ended Half Year ended ' Financial Year Ended 30.09.2021 30.06.2021 30.09.2021 30.09.2020 31.03.2021 30.09.2020 Unaudited Unaudited Unaudited Unaudited Unaudited Audited Total Income from Operations 65.36 73.30 129.43 150.01 282.95 64.07 4 2 _ Net Profit / (Loss) for the period before tax 48,36 13.64 83.00 41.83 34.64 83.81 45.39 Net Profit / (Loss) for the period after tax 29,19 (10.37) 74,58 9.44 44,93 3__ 4 Total Comprehensive Income for the period 45.50 29.30 (10.62) 8.94 42.44 74,80 > [Comprising Profit / (Loss) for the period (after tax} and Other Comprehensive Income (after tax)} 2,095.07 2,095.07 2,095.07 2,095.07 Equity Share Capital 2,095.07 2,095.07 Reserves (excluding Revaluation Reserve) as shown NA NA NA NA NA NA 6; in the Audited Balance Sheet of the previous year 0.22 0.36 0.05 7 Basic & Diluted Earnings Per Share (of Rs.10/- each) 0.14 (0.05)* 0.21 (not annualised * ) (before extraordinary items) The Financial details on Standalone basis are as under |
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|---|---|---|---|---|---|---|---|---|---|---|---|
| (Zin lacs) | |||||||||||
| Standalone SN Particulars |
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| Quarter ended Half Year Ended Financial |
Year Ended '! | ||||||||||
| 30.09.2021 30.06.2021 30.09.2020 30.09.2024 30.09.2020 :31.03.2021 |
|||||||||||
| Unaudited Unaudited Unaudited Unaudited Unaudited Audited 1 __ Total Income from Operations 127.33 147.72 278,69 63.04 64.32 72.23 __ |
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| 2 _ Profit before tax 33.70 47.43 12.75 81.13 80.59 39.86 3 _ Profit after tax 42.70 28.51 44.72 (10.96) 73.23 8.07 |
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| 7 8 Company. |
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| The Statutory Auditors of the Company have carried out the limited review for quarter ended September 30, 2021 on the financial statements, The outbreak of corona virus (COVID-19) pandemic globally and in India is causing significant disturbance and slowdown of economic activity. The Group's operations and revenue were impacted due to COVID-19. During the quarter ended September 30, 2021, there is no significant impact on the operations of the |
9 Place: Mumbai |
||||||||||
| Figures ofthe previqus "y have been regrouped/ rearranged wherever necessary to make them comparable with current period's classification. |
e\Chairnian
Size_16 x 20_cm
PCS TECHNOLOGY LIMITED
| PCS | TECHNOLOGY LIMITED | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Corp. Office: 8th Floor, Technocity, Plot No. X-5/3, Mahape, Navi Mumbai - 400710. Tel. No.: 022-412961 11. Fax:022-4129082. Website: www.pestech.com. Emall: [email protected], CIN: L74200MH1981PLC024278 STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2021 |
Registered office: 82/6/1, Solar Park Shop No 6, Pune-Alandi Roard, Dattanagar, Dighi, Pune-411015. | ||||||||||||
| PARTI | Quarter Ended | Half Year Ended | Financial Year Ended |
Quarter Ended | c | q Half Year Ended |
(Rs. in lakhs) Financial Year Ended |
||||||
| Sr. |
No. [Particulars Revenue from operations (net) |
30.09.2024 Unaudited Unaudited 6.95 |
30.06.2021 5.82 |
30.09.2020 Unaudited 6.17 |
30.09.2021 Unaudited Unaudited 12.77 |
30.09.2020 11.99 |
31,03.2021 Audited 25.99 |
30.09.2021 Unaudited Unaudited 6.95 |
30.06.2021 5.82 |
30.09.2020 Unaudited 617 |
30.09.2021 Unaudited 12.77 |
30.09.2020 Unaudited 11.99 |
31.03.2021 Audited 25.99 |
| Wi__ NV |
IL_ Other Income Total Revenue (I+il {Expenses (a) Cost of material consumed |
56.06 63.01 - |
\$8.50 64.32 - |
66.06 72.23 - |
114.56 127.33 - |
135.73 147.72 - |
252.70 278.69 - |
§7.12 64.07, - |
59.54 65.36 - |
67.13 73.30 - |
116.66 129.43 - |
138.02 150.01 - |
256.96 282.95 - |
| {b) Purchase of stock-in-trade (c) Changes in inventories of finished goods, work- in-progress and stock-in-trade (d) Employee benefits expense |
- - 19.52 |
- - 20.43 9.91 |
+ - 20.32 10.28 |
- - 39.95 19.82 |
- - 40.05 19.09 |
- - 77.79 36.81 |
- - 19.52 8.91 |
- - 20.43 9.91 |
- - 20.32 10.28 |
- - 39.95 49.82 |
- - 40.05 19.09 |
- - 77.79 38.81 |
|
| {e) Finance costs (f} Impairement/ (Gain) on financial instruments and Exceptional Items (Refer Note No. 5) (g) Depreciation and amortization expense |
9.ot (19.99) 6.00 |
(43.45) 5.94 |
SA7 6.40 |
(63.44) 11.94 |
5.17 12.87 |
(14.01) 24.80 |
(19.99) 6.00 |
(43.45) 5.94 |
\$.17 6.40 |
(63.44) 11.94 |
5.17 12.57 |
(14.01) 24.80 |
|
| V_ Vi |
(h)__ Other expenses Total_Expenses {Profit before tax (III41V) [Tax expense |
13.87 29.31 33.70 |
24.06 16.89 47.43 |
17.31 59.48 12.75 |
37,93 46.20 81.13 |
30.98 107.86 39.86 |
70.71 198.10 80.59 |
13.99 29.43 34.64 |
24.17 17.00 48,36 |
17,49 59.66 13.64 |
38.16 46.43 83.00 |
31.30 108.18 41.83 |
71.75 199.14 83.81 |
| (a) Current tax (b) Deferred tax (C)_Taxation pertaining to earlier year [Profit / (Loss) for the period from continuing |
5.19 - - 28.51 |
2.71 - x 44.72 |
8.09 - 15.62 (10.96) |
7.90 - : 73.23 |
16.17 - 415.62 8.07 |
22.27 - 15.62 42.70 |
5.45 - : 29.19 |
2.97 - - 46.39 |
8.39 - 15.62 (10.37) |
8.42 - = 74.58 |
16.77 - 15.62 9.44 |
23.27 - 15.61 44.93 |
|
| Vil_ | operations (V-VI} Vill Profit / (Loss) from discontinued operations d i of di: |
- - |
- : |
- - |
- - |
- - |
- - |
- - |
- - |
- - |
- - |
- - |
- - |
| X | iX_ Tax Profit / (Loss) from discontinued operations (after tax) (VIlI4X) X_ Profit / (Loss) for the period (VIX) |
- 28.51 |
- 44.72 |
- (10.96) |
- 73.23 |
- 8.07 |
- 42.70 |
- 29.19 |
- 45.39 |
- (10.37) |
- 74,58 |
- 9.44 |
- 44.93 |
| Xil_ Other Comprehensive Income A (i) Items that will be reclassified to profit or loss (i) Income tax retating to items that will be |
- - |
- - |
= - - |
- - |
- - |
- - |
- " |
- - |
- - |
- - |
- - |
- - |
|
| teclassified to profit or loss B (i) Items that will not be reclassified to profit or toss (i) Income tax relating to items that will not be |
014 (0.03) |
O15 {0.04) |
(0.34) 0.09 |
0.29 (0.07) |
(0.67) 0.17 |
{3.32) 0.83 |
0.14 (0.03) |
0.15 {0.04} |
(0.34) 0.08 |
0.29 (0.07) |
(0.67) 0.17 |
(3.32) 0.83 |
|
| ified to profit or loss XIIl_ Total Comprehensive income for the period (XlXHl) (Comprising Profit / (Loss) and Other Comprehensive |
28.62 | 44.83 | (11.21) | 73.45 | 7.87 | 40.21 | 29.30 | 45.50 | (10.62) | 74,80 | 8.94 | 42.44 | |
| Income for the period) XIV_ Equity Share Capital (face value of Rs. 10/- each, XV /Earning per equity share (of Rs.10/- each} (not annualised') |
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 | |
| (1) Basic Diluted (2) |
0.14 0.14 |
0.21 0.21 |
(0.05) (0.05) |
0.35 0.35 |
0.04 0.04 |
0.20 0.20 |
0.14 0.14 |
0.22 0.22 |
(0.05) (0.05) |
0.36 0.36 |
0.05 0.05 |
0.21 : 0.21 |
|
| PARTI | A [PARTICULARS OF SHAREHOLDING 1 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 | i 62,50,682 |
| Percentage of shareholding 2 Promoters and Promoter group shareholding (a} Pledged / Encumbered Number of shares |
29.83 - |
29.83 - |
29.83 - |
29.83 - |
29.83 - |
29.83 - |
29.83 - |
29.83 - |
29.83 - |
29.83 - |
29.83 - |
29.83 - |
|
| Percentage of shares (as a % of the total shareholding of promoter & promoter group) Percentage of shares (as a % of the total share |
- - |
- - |
- - |
- - |
~ - |
- - |
- - |
- - |
- - |
- - |
- - |
- - |
|
| capital of the (b) Non Encurmbered Number of shares Percentage of shares (as a % of the total shareholding of promoter & promoter group) |
100.00 | 100.00 | 1,46,99,995 1,46,99,995 ] 1,46,99,995 1,46,99,995 1,46,99,995 100.00 |
00.00 | 100.06 | 100.00 | 1,46,99,995 } 1,46,99,995 1,46,99,995 1,46,99,995 1,46,99,995 1,46,99,995 100,00 |
100.00 | 100.00 | 100.00 | 100.00 | 1,46,99,995 100.00 |
|
| Percentage of shares (as a % of the total share capital of the |
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 Received during the quarter Disposed of during the quarter Remaining unresolved at the end of the quarter |
Quarter ended 30.09.2021 Nil Nil |
1 1 |
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| Notes: 1 |
The above unaudited financial results after being reviewed by the Audit committee were approved by the Board of Directors in their meeting held on 13th November 2021. These results have been subjected to limited review carried out by the Statutory Auditors. |
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| 2 | Based on the Management approach as defined under ind-AS 108, Op | the Company | in on | ie. ITes related Facilty Management Segment, as such it is the only reportable business segment. Since |
4The Fi jal and C have been prep: in with principles of Indian ti (IndAS) as sp by ICAI & section 133 of The Companies Act 2013. 5The Company, in the past has invested funds in Bonds. .The Market value/Resate value of some of the bonds on Mark-to-Market basis have varied in earlier quarters/year. Accordingly the resultant (gairvioss) value arrived on Mark-to-Market basis amounting to Rs.19.99 Lacs being Gain/impairment for the current quarter ended whereas for the previous quarter ended June 2021 the same (gain) was amounting to Rs.43.45 Ladd and Rs.14.01.Lacs for previous year ended 31st March 2021 the same has been accounted and classified under "Impairement / (Gain) on financial instruments and Exceptional ttems",
6 The Statutory Auditors of the Company have carried out the limited review for quarter ended September 30, 2021 on the financial statements. 7 The outbreak of corona virus (COVID-19) pandemic globally and in India is causing significant disturbance and slowdown of economic activity. The Group's operations and re\
September 30, 2021, there is no significant impact on the operations of the Company.
8 Figures of the previous periods have been regrouped/ rearranged wherever necessary to make them comparable with current period's classification.
Place: Mumbai For P Date : 13/11/2021
Kumar Patni Vice Chairman
D Cc & PCS TECHNOLOGY LIMITED
Registered Office: 82/6/1, Solar Park, Shop no.6, Pune-Alandi Road, Dattanagar, Dighi- Pune- 411015. TECHNOLOGY Corp, Office: 8th Floor, Technocity, Plot No.X-5/3,Mahape,Navi Mumbai- 400 7410, , * Tel.:No.: 022-41296111 » Fax: 91224129082 * Website: www.pcstech.com
| TECHNOLOGY PCS D Cc & |
LIMITED | ||||
|---|---|---|---|---|---|
| Registered Office: 82/6/1, Solar Park, Shop no.6, Pune-Alandi Road, Dattanagar, Dighi- Pune- 411015. TECHNOLOGY Corp, Office: 8th Floor, Technocity, Plot No.X-5/3,Mahape,Navi Mumbai- 400 7410, |
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| * Tel.:No.: 022-41296111 » Fax: 91224129082 * Website: www.pcstech.com , + Emall: [email protected] * CIN: L74200MH1981PLC024279 STATEMENT OF ASSETS AND LIABILITIES FOR THE HALF YEAR ENDED 30" SEPTEMBER 2021 |
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| Sr | Standalone | {Zin lakhs) Consolldated |
|||
| No | Particulars | As at | As at 30-Sep-2021 31-Mar-2021 30-Sep-2021 31-Mar-2021 |
As at | As at |
| A ASSETS | |||||
| 1 Non-Current Assets | |||||
| (a) Property, plant and equipment (b) Financial assets |
893.97 - |
905.91 - |
893.97 - |
905.91 - |
|
| (i) Investments {c) Other assets |
50.20 124.31 |
§0.20 126.13 |
0.20 124,40 |
0.20 126.13 |
|
| Total non-current assets | 4,068.48 | 1,082.24 | 4,018.57 | 1,032.24 | |
| 2 Current assets (a) Financial assets |
|||||
| (i) Investments | 333.95 | 330,05 | 333.95 | 330.05 | |
| {ii) Trade receivables {iv) Cash and cash equivalents |
1.34 3,205.26 |
3,121.73 | 1.34 3,308.27 |
" 3,223.60 |
|
| {v) Other balances with banks {vi} Loans |
: - |
- | |||
| (b) Current income tax liabilities (net) (b) Other assets |
0.23 35.76 |
22.51 | 36.48 | 23.22 | |
| Total current assets | 3,576.54 | 3,474.29 | 3,680.04 | 3,576.87 | |
| TOTAL ASSETS | 4,645.02 | 4,556.53 | 4,698.61 | 4,609.11 | |
| i. EQUITY AND LIABILITIES | |||||
| 1 Equity (a) Share capital |
2,095.07 | 2,095.07 | 2,095.07 | 2,095.07 | |
| {b} Other equity Total Equity |
2,112.70 4,207.77 |
2,039.25 4,134.32 |
2,165.21 4,260.28 |
2,090.42 4,185.49 |
|
| 2 Liabilities | |||||
| Non-current liabilities (a) Financial liabilities |
|||||
| (i) Long-term borrowings (ii) Other financial liabilities |
378.66 | 376.73 - |
378.66 | 376.73 - |
|
| (b) Provisions (d) Other liabilities |
3.87 | 3.74 | 3.87 | 3.74 | |
| Total non- current liabilities | 382.53 | 380.47 | 382.53 | 380.47 | |
| 3 Current Liabilities (a} Financial liabilities |
|||||
| Trade and other payables (b) Current income tax liabilities (net) |
22.07 | LO 4.89 4.99 |
22.96 0,19 |
5.54 5.76 |
|
| (c) Provisions | 43 | 4.43 | 4.43 | 443 | |
| (d) Other liabilities Total current Habilities |
A 28.22 54.72 |
27.43 41.74 |
28.22 55.80 |
27.43 43.15 |
| TECHNOLOGY PCS D Cs |
LIMITED | ||||
|---|---|---|---|---|---|
| Registered Office: 82/6/1, Solar Park, Shop no.6, Pune-Alandi Road, Dattanagar, Dighi- Pune- 411015. TECHNOLOGY Corp, Office: 8th Floor, Technocity, Plot No.X-5/3, Mahape,Navi Mumbai- 400 710. |
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| * Tel.:No.: 022-41296111 » Fax: 91224129082 * Website: www.pcsiech.com + Email: [email protected] * CIN; L74200MH1981PLC024279 |
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| TR eR pees MOU hg etm ot Und) 8) 1 |
a dara | (Zin lakhs) | |||
| St | Standalone half Year |
Year | Consolidated half Year |
Year | |
| No | Particulars | ended | ended 30-Sep-2024 31-Mar-2021 30-Sep-2021 31-Mar-2021 |
ended | ended |
| A. Cash flow from operating activities Net profit after tax and extra ordinary items |
73,23 | 42.70 | 74,58 | 44.92 | |
| Adjustments for: | 7.90 | 37.89 | 8.42 | 38.88 | |
| Tax Provision ocl |
0.22 | (3.32} : |
0.22 | (3.32) | |
| CSR Provision CSR Paid |
- : |
- | - 14.94 |
24.80 | |
| Depreciation Finance cost |
11.94 19.82 |
24.80 38.81 |
19.82 | 38.84 | |
| Gain / Loss / Impairment on investments and sundry balances Fixed assets written off / Profit or Loss of Sale of Fixed Assets |
(63.44) os |
(14.04) | (63.44) | (14.01) | |
| Interest received Operating profit before working capital changes |
(87.49) (37.81) |
(195.17) (68,31) |
(89.59) (38,05) |
(199.43) (69.35) |
|
| Decrease/ (increase) in trade and others receivables | (0.86) | 3.05 | (0.86) - |
3.05 | |
| Decrease/ (increase) in inventories (Decrease)/ increase in trade and other payables |
- 13.11 |
0.25 | 12.77 | 4.02 | |
| Cash generated from operations Income tax paid (net of refunds) |
(25.56) {5.82} |
(65.00) (25,07) |
(26.14) (6.20) |
(65.28) (26.01) |
|
| Net cash flow from/ (used in) operating activities | (31.38) | (90.07) | (32,34) | (91.29) | |
| B. Cash flow from investing activities Purchase af fixed assets |
- | (2.14) | - §9.53 |
(2.14) | |
| Purchase of non-current investments Bank Fixed Deposits |
§9.53 - |
- | : | ||
| Proceeds from sale of fixed assets Interest received |
73.27 | 203.53 | 75.37 134.90 |
208,05 205.91 |
|
| Net cash from/ (used in) investing activities | 132.81 | 201.39 | |||
| C. Cash from financing activities Repayment of borrowings (net) |
1.93 | 1.95 | - 1.93 (19.82) |
1.95 (38.81) |
|
| Finance cost Net cash from/ (used in) financing activities |
{19.82} (17,89) |
(38.84) (36.85) |
(17.89) | (36,85) | |
| equivalents and cash |
6 \$3.54 |
14.47 | 84.67 | 177 | |
| Net increase/ (decrease) in Cash and cash equivalgnts horn "fp year of the y af ert! Cash and cash equivalprys |
3,121.72 3,205.26 |
3,047.25 3,121.72 |
3,223.60 3,308.27 |
3,145.82 3,223.60 |
|
| Size: 12 x 17_cm | |||||
B-5, SATYAM SHOPPING CENTRE, Yel. : +91 22 2102 4280 VINOD K. MEHTA & CO. OND POOR MS ROAD. )
SPO
Independent Auditor's Review Report on the Unaudited Standalone Financial Results of PCS Technology Limited for the second quarter and half year ended as on September 30,2021 pursuant to the Regulation 33 of the Securities and Exchange Board of India (SEBI) (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
To, The Board of Directors PCS TECHNOLOGY LIMITED, Mumbai
- iL. We have reviewed the accompanying statement of Unaudited Standalone Financial Results of PCS Technology Limited (the "Company") for the second quarter ended as on September 30, 2021 and year to date April 1, 2021 to September 30, 2021 (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"),
- tm 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. there under 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.
- 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 there under 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. Chartered Accountant
scan,
Divyesh Mehta Partner (ICAI Registration no. 111508W) Membership Number: 044293 UDIN: 21044293 AAAAHT6032
Place: Mumbai Date: November 13, 2021 8-5, SATYAM SHOPPING CENTRE, Tel. «+91 22 2102 428( VINOD K. MEHTA & CO. Se eae A eeNG ae |
Chartered Accountants GHATKOPAR (E), MUMBAI - 400077 E-mail: [email protected]
Independent Auditor's Review Report on the Unaudited Consolidated Financial Results of PCS Technology Limited for the second quarter and half year ended _as on Septem ber 30, 2021 Sec : isti 6 u Obligations and Disclosure Requirements) Regulations, 2015, as amended
Review Report to The Board of Directors PCS TECHNOLOGY LIMITED, Pune.
- 1, We have reviewed the accompanying statement of unaudited consolidated financial results of PCS Technology Limited (the "Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group"), for the second quarter ended September 30, 2021 and year ended from April 01, 2021 to September 30, 2021 ("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").
- to This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared 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 the Companies Act, 2013, as amended, read with relevant rules issued there underand other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
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- We conducted our review of the Statement in accordance with the Standard 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 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.
We also performed procedures in accordance with the Circular No. CIR/CFD/CMD 1/44/2019 dated March 29,2019 issued by the SEBI underRegulation 33(8) of the Listing Regulations, to the extent applicable.
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The Statement includes the results of the following subsidiaries:
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a) PCS Positioning Systems (India) Limited
- b) PCS InfoTech Limited, India
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- We did not review the interim financial results of the 2 subsidiaries included in the consolidated unaudited financial results, whose interim financial results reflect total revenue (Other Income) of Rs.1.06 lakhs, total net profit/(loss) after tax of Rs 0.68 lakhs for the quarter ended as on September 30, 2021. The consolidated unaudited financial results also includes the Group's share of net profit/(loss) after tax Rs.29.19 lakhs and total comprehensive income / loss of Rs. 29.30 lakhs for the quarter ended as on September 30, 2021 as considered in the consolidated unaudited financial results.
These interim results have been reviewed by other auditor whose reports have been furnished to us by the Management and our conclusion on the statements, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries is based solely on the reports of the other auditor and the procedures performed by us as stated in paragraph 3 above.
Our conclusion is not modified in respect of this matter and the reports of the other auditors and the financial results/financial information certified by the Management.
- Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of other auditors referred to in paragraph 5 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with 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. Chartered Accountant
Divyesh Mehta Partner (ICAI Registration no. 111508W) Membership Number: 044293
UDIN: 21044293AAAAHU 1452
Place: Mumbai Date: November 13,2021