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Quick Heal Technologies Limited Interim / Quarterly Report 2020
60974_rns_2019-08-10_89d56761-0eb0-44d0-8f10-9ebaa34979c6.pdf
Interim / Quarterly Report
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Quick Heal Quick Heal Technologies Ltd.
Security Simplified (Formerly Known as Quick Heal Technologies Pvt. Ltd.) Regd. Office: Marvel Edge, Office No. 7010, C & 0, 7th Floor, opp. NECO Garden Society, Vimannagar, Pune - 411014 Tel: 020-668132321 Email: [email protected] (IN - L72200MH 1995PL(091408
Ref. No.: QHTL/Sec/SE/2019-20/48 August 10, 2019
The Manager, Corporate Services, BSE Limited, 14th Floor, P J Towers, Dalal Street, Mumbai - 400001 Ref: Security ID: QUICKHEAl Security Code: 539678
The Manager, Corporate Services, National Stock Exchange of India Limited, Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai - 400051 Symbol: QUICKHEAl Series : EQ
Dear Sir/Madam,
Sub: Outcome of Board Meeting - Newspaper Advertisement
In continuation to our letter dated August 08,2019 with regard to outcome of Board Meeting, please find enclosed copies of advertisement published in following newspapers:
| Newspaper | Language | Editions |
|---|---|---|
| Financial Express | English | A i |
| Prabhat | Marathi | Pune |
This is for your information and records.
For Quick Heal Technologies limited
A. Srinivasa Rao Company Secretary SATURDAY, AUGUST 10, 2019
YUKEN YUKEN INDIA LIMITED
Regd. Office: No. 16-C. Doddanekundi Industrial Area. II Phase.
Mahadevapura, Bengaluru - 560048. Tel +91 9845191995 / +91 9731610341
Email: [email protected]; Website: www.yukenindia.com
CIN: L29150KA1976PLC003017
NOTICE OF 43rd ANNUAL GENERAL MEETING
E-VOTING AND BOOK CLOSURE INFORMATION
NOTICE is hereby given that the 43rd Annual General Meeting
(AGM) of the Company will be held on Tuesday, 03'
September, 2019 at 10.00 am at Hotel Ajantha, "Rohini
Hall", 22-A, Mahatma Gandhi Road, Near Trinity Metro
Station, Bengaluru - 560 001 to transact the business as
mentioned in the Notice which is sent to the shareholders along
with the Annual Report for the year 2018-19. Notice of the AGM
and 43" Annual Report of the Company are available on the
16
WWW.FINANCIALEXPRESS.COM
FINANCIAL EXPRESS
A. K. CAPITAL SERVICES LTD.
BUILDING BONDS
215 Nariman Point Mumbai - 400021
CIN: L74899MH1993PLC274881 | Website: www.akgroup.co.in
Tel: +91-22-67546500 | Fax: +91-22-66100594 | E-mail: [email protected]
$(a,k)$
| NMDC Limite |
|---|
C P.O.: Donimalai Township, Taluk - Sandur, District-BallariKarnataka, Pin - 583 118 CIN: L13100AP1958GOI001674
OPEN TENDER NOTIFICATION
Sealed Tenders in two bid system are inviting from the competent and experienced bidder for the following work:
Tender No. CE/W/4 (215)/2019 vide date of notification 10/08/2019 and Name of the Work: "Providing Road Divider from Ganesh Temple Circle to Nehru Park Gate" with estimate cost of ₹74.60 lakhs and period of completion of work: 06 (Six) Months (Excluding Rainy Season from July to October) with EMD is ₹75,000.00 and Sale/Download period from 10.08.2019 to
For accessing the tender document or download from NMDC Limited website: http://www.nmdc.co.in/nmdctender/default.aspx
For any clarifications, bidders may contact DGM (Civil), by mailing to [email protected] or by fax message to 08395-274644
For and on behalf of NMDC Ltd. Dated: 10-08-2019 DGM (Civil)
$\mathbf{r}$
A Global Real Estate Company www.sobha.com
Closing Date: 07.06.2019 at 19:00 Hrs & 27.08.2019 at 17:00 Hrs. For further Details: " www.tsgenco.co.in & https://tender.telangana.gov.in" NILE
T.No.e-17/CE(C&C)/SE(C&C)/DE(C)/A1/2019-20
Transportation of 3.50 Lakh MT of Coal per annum from Godavari Mines of
M/s Singareni Collieries Company Ltd to Ramagundam Thermal Station
(RTS-B) Coal Yard by Road for a period of two years. Scheduled Open &
TELANGANA STATE POWER
GENERATION CORPORATION LIMITEDVIDYUT SOUDHA :: HYDERABAD - 500 082
An ISO 9001 Company LIMITED CIN: L27029AP1984PLC004719
Regd. Office: Plot No 38 & 40, APIIC Industrial Park, Gajulamandyam (V), Renigunta (M), Tirupati - 517520, Chittoor Dist., Andhra Pradesh Corp.Office: Plot No.24A/A, MLA Colony, Rd. No.12, Banjara Hills, Hyderabad- 500 034, Telangana. Ph.: 040-23606641, Fax: 040-23606640 E-mail: [email protected]; Website: www.nilelimited.com
NOTICE TO SHAREHOLDERS Transfer of shares to IEPF
In terms of Section 124(6) of the Companies Act, 2013 ('the Act'), read with Investors Education Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, ('the Rules') the Company will transfer those equity shares to the Investor Education and Protection Fund (IEPF), in respect of which dividend amounts has not been claimed and/or paid for seven consecutive vears or more.
As per the Rules, the Comapny sent letters to those shareholders who did not claim/not encash dividend instruments for the last seven years, and whose shares are proposed to be transferred to the IEPF, unless they claim the unclaimed and unpaid dividends on or before 29th October, 2019. The details of such shares are also displayed on the website of the Company (www.nilelimited.com).
Therefore, Notice is hereby given to all such shareholders to take appropriate action and submit requisite documents to claim such unclaimed/unpaid dividends declared by the Company for FY 2011-12 onwards immediately. In absence of receipt of a valid claim alongwith required documents from the concerned shareholder, the Company will proceed to transfer the said shares to the IEPF without further notice.
No claim shall lie against the Company in respect of unclaimed dividend amount and shares transferred to IEPF after that. However, the shareholders can claim the shares transferred to IEPF by complying due procedure given in the Rules, details of which are avaiable at "www.iepf.gov.in".
For any information / clarification on the matter, the concerned shareholder may contact the Company or XL Softech Systems Ltd., Registrar and Transfer Agent (RTA) at # 3, Sagar Society, Banjara Hills, Hyderabad, Telangana India- 500034, E-mail: [email protected].
Place: Hyderabad Date: 9th August, 2019
$\mathbb N$
For Nile Limited $Sd$ Amarendra Jena Company Secretary
QUICK HEAL TECHNOLOGIES LIMITED
Place: Bangalore
Date: 09.08.2019
Regd. Office: Marvel Edge, Office No. 7010 C & D, 7th Floor, Opposite Neco Garden Society, Viman Nagar, Pune - 411014 Phone: +91 20 66813232 CIN: L72200MH1995PLC091408 Email: [email protected]
website of the Company www.yukenindia.com Further, Cut-off date is 28th August, 2019 for determining the name of members eligible for dividend on equity shares, if declared at the ensuing AGM.
The Company is availing the services of Karvy Fintech Private Limited for facilitating e-voting facility to its Members. E-voting shall commence on 30.08.2019 at 09:00 am and will end on 02.09.2019 at 05.00 pm. During this period, Members holding shares either in physical or dematerialized form as on cut-off date i.e., 28,08,2019 may cast their vote electronically as instructed in the Notice of AGM.
Pursuant to the provisions of section 91 of the Companies Act. 2013 and Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Register of Members and Share Transfer Books of the Company will remain closed from 29.08.2019 to 03.09.2019 (both days inclusive) for the purpose of AGM and for payment of dividend if approved at the ensuing AGM.
Members entitled to attend and vote may appoint a proxy to attend and vote instead of himself/herself and such proxy need not be a member. Proxies in order to be effective, proxy form should be duly completed, signed and must be deposited at the registered office of the Company not less than 48 hours before the time for holding the AGM.
By Order of the Board For Yuken India Limited CPRANGACHAR Managing Director
EXTRACT OF THE UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED 30 JUNE 2019
| ₹ In Millior | |||
|---|---|---|---|
| Particulars | Quarter endedon 30.06.2019(Unaudited) | Quarter endedon 30.06.2018(Unaudited) | Year ended31.03.2019(Audited) |
| Total income from operations | 11,931 | 6,101 | 35,156 |
| Profit before tax | 1,424 | 740 | 4,483 |
| Profit after tax | 906 | 526 | 2,971 |
| Total comprehensive income for the period (comprising profit)for the period (after tax) and other comprehensive income(after tax)) | 909 | 534 | 2,963 |
| Paid-up Equity Share Capital | 948 | 948 | 948 |
| Reserves (excluding revaluation reserve) | 22,252 | 19,717 | 21,343 |
| Earnings per Share (of $\bar{\tau}$ 10/- each) (for continuing anddiscontinued operations) | |||
| Basic and diluted EPS | 9.55 | 5.55 | 31.33 |
Notes:
- The key data of standalone financial results is as under:
| Particulars | Quarter endedon 30.06.2019(Unaudited) | Quarter endedon 30.06.2018(Unaudited) | Year ended31.03.2019(Audited) |
|---|---|---|---|
| Income from operations | 11,876 | 5,471 | 34,338 |
| Profit before tax | 1,422 | 593 | 4,320 |
| Profit after tax | 911 | 432 | 2,866 |
| Total comprehensive income | 914 | 440 | 2,858 |
STATEMENT OF CONSOLIDATED FINANCIAL RESULTS OF QUICK HEAL TECHNOLOGIES LIMITED AND ITS SUBSIDIARIES FOR THE QUARTER ENDED JUNE 30, 2019
| (INN IN MINION, CACCOL DEL SHATE UALA) | ||||||
|---|---|---|---|---|---|---|
| Sr. | Quarter ended | Year ended | ||||
| No. | Particulars | June30, 2019(Unudited) | March31, 2019(Audited) | June30, 2018(Unudited) | March31, 2019(Audited) | |
| $\mathbf{1}$ | Income | |||||
| Revenue from operations | 576.00 | 860.01 | 530.88 | 3,149.26 | ||
| Other income | 84.46 | 85.15 | 64.09 | 326.67 | ||
| Total income | 660.46 | 945.16 | 594.97 | 3,475.93 | ||
| 2 | Expenses | |||||
| Cost of raw materials consumed | 6.17 | 11.42 | 5.32 | 30.56 | ||
| Purchase of security software products | 8.27 | 33.98 | 18.54 | 115.96 | ||
| Changes in inventories of security software products | 3.60 | (9.58) | (8.17) | (19.40) | ||
| Employee benefits expense | 266.32 | 239.59 | 254.77 | 988.51 | ||
| Depreciation and amortisation expense | 51.63 | 56.32 | 59.22 | 235.49 | ||
| Other expenses | 163.40 | 198.39 | 171.18 | 754.62 | ||
| Total expenses | 499.39 | 530.12 | 500.86 | 2,105.74 | ||
| 3 | Profit / (loss) before exceptional items and tax (1-2) | 161.07 | 415.04 | 94.11 | 1,370.19 | |
| 4 | Exceptional items | |||||
| 5 | Profit / (loss) before tax (3-4) | 161.07 | 415.04 | 94.11 | 1,370.19 | |
| 6 | Tax expense | |||||
| Current tax | ||||||
| Pertaining to profit for the current period | 41.78 | 146.99 | 29.75 | 447.25 | ||
| Adjustments of tax relating to earlier periods | 31.28 | 45.99 | ||||
| Deferred tax | 0.31 | (40.70) | 3.24 | (41.29) | ||
| Total tax expense | 42.09 | 137.57 | 32.99 | 451.95 | ||
| 7 | Profit / (loss) for the period (5-6) | 118.98 | 277.47 | 61.12 | 918.24 | |
| 8 | Other comprehensive income, net of taxOther comprehensive income not to be reclassified to profit or loss in subsequent periods: | |||||
| Re-measurement of defined benefit plans | 3.96 | 0.42 | (4.69) | (3.23) | ||
| Net (loss) or gain on FVTOCI assets | (29.52) | |||||
| Exchange differences on translation of foreign operations | (1.32) | 0.17 | 2.30 | 2.73 | ||
| Total other comprehensive income | 2.64 | 0.59 | (2.39) | (30.02) | ||
| 9 | Total comprehensive income (after tax) $(7+8)$ | 121.62 | 278.06 | 58.73 | 888.22 | |
| 10 | Paid-up equity share capital (face value of INR 10 each) | 642.01 | 705.63 | 704.70 | 705.63 | |
| 11 | Other equity (as per balance sheet of previous accounting year) | 7,191.79 | ||||
| 12 | Earnings per share of INR 10 each: (not annualised for the quarter) | |||||
| a) Basic | 1.70 | 3.94 | 0.87 | 13.03 | ||
| b) Diluted | 1.70 | 3.94 | 0.87 | 13.02 |
Unaudited standalone financial information
| (INR in million, except per share data) |
|---|
| County County | Quarter ended | |||||
|---|---|---|---|---|---|---|
| Sr.No. | Particulars | June30, 2019(Unudited) | March31, 2019(Audited) | June30, 2018(Unudited) | March31, 2019(Audited) | |
| Revenue from operations | 571.49 | 853.54 | 527.88 | 3,129.03 | ||
| 2 | Profit before tax | 162.79 | 374.54 | 97.34 | .290.70 | |
| 3 | Profit after tax | 120.86 | 237.26 | 64.41 | 839.64 |
Notes to financial results:
$3$
5
- The above financial results for the quarter ended June 30, 2019 have been subjected to limited review by the statutory auditors of the Group and reviewed by the Audit Committee and approved by the Board of Directors of the Group at the meeting held on August 08, 2019.
- In accordance with the SEBI (Listing Obligations and Disclosure Requirements) (Amendments) Regulations, 2018 dated May 09, 2018 the company has prepared and published the quarterly consolidated financial results for the first time for the quarter ended June 30, 2019. Thus, the quarterly financial results reported above for the quarter ended June 30, 2018 and quarter ended March 31, 2019 were not subjected to limited review.
-
The above is an extract of the detailed format of quarterly financial results filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Reguirements) Regulations, 2015. The full format of the guarterly financial results are available on the website of the Stock Exchange(s) and the listed entity. (www.bseindia.com, www.nseindia.com and www.sobha.com)
-
On 2 April 2019, Sobha Developers (Pune) Limited (a wholly owned subsidiary of Sobha Limited), consummated the acquisition of Sobha Interiors Private Limited by acquiring 100% of the outstanding shares of that entity.
-
Effective 1 April 2019, the Group adopted Ind AS 116 "Leases", applied to all lease contracts, except leases which are expiring less than 12 months on 1 April 2019 using the modified retrospective method without taking the cumulative adjustment to retained earnings. Accordingly, the comparatives for the year ended 31 March 2019 have not been retrospectively adjusted.
On transition, the adoption of the new standard resulted in recognition of Right-of-Use asset (ROU) of ₹173 million and a corresponding lease liability of $\bar{\tau}$ 173 million. The net effect of adoption has resulted in an increase in cost by $\bar{\tau}$ 1 million (net of tax).
For Sobha Limited
Bengaluru, India August 09, 2019
J. C. Sharma Vice Chairman and Managing Director
CIN: L45201KA1995PLC018475, Sobha Corporate Office: 'SOBHA', Sarjapur - Marathahalli Outer Ring Road (ORR), Devarabisanahalli, produstali, and the Bellandur Post, Bangalore - 560103 | Ph: +91-80-49320000, Fax: +91-80-49320
Tel.: +91 40 23403501 / 23403540; Fax: +91- 40-23403013 & 080 6688 6121 Email id: [email protected]; Website: www.nbventures.com Company Secretary and Compliance Officer: Mr. VSN Raju
POST BUY-BACK PUBLIC ANNOUNCEMENT FOR THE ATTENTION OF THE SHAREHOLDERS/BENEFICIAL OWNERS OF NAVA BHARAT VENTURES LIMITED
This Public Announcement (the "Post-Buyback Public Advertisement" or "Post-Buyback PA") is being made in compliance with Regulation 24 (vi) of the Securities and Exchange Board of India (Buy Back of Securities) Regulations, 2018, and subsequent amendments thereof ("SEBI Buyback Regulations").
This post-Buyback public advertisement should be read in conjunction with the Public Announcement dated May 30, 2019 ("PA") published on May 31, 2019, issued in connection with the Buyback of equity shares of the company. The terms used but not defined in this Post-Buyback PA shall have the same meaning as assigned in the PA.
1. The Buyback
- 1.1 The Board of Directors ("Board") of Nava Bharat Ventures limited ("the Company/"NBVL"") at its meeting held on May 29, 2019 has approved the Buy Back of up to 15,62,500 (Maximum buy back shares at Maximum buy back price of Rs. 160/- per equity share) fully paid equity shares of Rs.2/- of the company (Maximum buy back shares) at prevailing market price from the open market through stock exchange mechanism i.e., using the electronic trading facilities of BSE Limited ("BSE") and National Stock Exchange of India Limited ("NSE") (collectively, "Stock Exchanges") subject to a price not exceeding Rs.160/- per each equity share aggregating to an amount of Rs.2500 lakhs (Rupees Two Thousand Five Hundred lakhs only) excluding "Transaction Costs" i.e. brokerage costs, fees, turnover charges, taxes such as; securities transaction tax, goods and service tax, stamp duty, other applicable taxes, buy back tax and other transaction charges (Maximum buy back size) by Nava Bharat Ventures Limited from the open market through stock exchange mechanism which was opened / commenced on June 10, 2019.
- 1.2 The Buyback commenced on June 10, 2019 and since the Company
| (र in Lakhs) | |||||
|---|---|---|---|---|---|
| SI.Io. | Particulars | As on thedate of thepublicannouncement | Post completionof the Buybackas on August08, 2019 | ||
| 1 | Authorized Share Capital:25,00,00,000 EquityShares of ₹2 each | 5,000.00 | 5,000.00 | ||
| 2 | Issued, Subscribed:178,826,957 equityshares of ₹ 2 each | 3,576.54 | 3,576.54 | ||
| 3 | Paid-up Equity Share Capital178,575,482 equityshares of ₹2 each | 3,571.51 | 3,524.34 | ||
| Add: Forfeited shares of ₹2 each(amount originally paid-up) | 1.26 | 1.26 | |||
| 3,572.77 | 3,525.60* |
*The Company is in the process of extinguishing the balance of 7,66,881 Equity Shares out of the total 23,58,462 Equity Shares bought back. The post-Buyback share capital is provided assuming extinguishment of all Equity Shares bought back by the Company.
3.2 The shareholding pattern of the Company pre and post Buyback, is as under:
| Pre Buyback | Post Buyback | ||||
|---|---|---|---|---|---|
| Category of theShareholder | No. ofsharesheld | $%$ ofexistingequitycapital | No. ofsharesheld | $%$ ofexistingequitycapital | |
| (A) Promoters &Promoter Group | 80,285,957 | 44.96 | 80,285,957 | 45.56 | |
| (B) Public | 95,489,525 | 53.47 | |||
| (C1) Shares underlyingDRs | 93,131,063 | 52.85 | |||
| (C2) Shares held byEmployee Trust | 28,00,000 | 1.57 | |||
| (C) Non Promoter-NonPublic | 28,00,000 | 1.57 | 28,00,000 | 1.59 | |
| Total $(A+B+C)$ | 17,85,75,482 100.00 17,62,17,020* 100.00 |
During the previous year ended March 31, 2019, the Group has received notice of demand dated March 13, 2019, in relation to service tax under the provisions of Finance Act, 1994 for INR 387.43 million (excluding interest and penalties) covering the period from April 1, 2016 to June 30, 2017 on supply of anti-virus software in Compact Disk. The Group has replied the notice of demand to Commissioner of Goods and Service Tax, Pune.
During the earlier years, the Group had similarly received notice of demands in relation to service tax under the provisions of Finance Act, 1994 for INR 1,223.07 million (excluding penalty of INR 626.97 million and predeposit, if any) covering the period from March 1, 2011 to March 31, 2016 on supply of anti-virus software in Compact Disk. The Group had filed an appeal with Customs, Excise and Service Tax Appellate Tribunal, New Delhi for the period March 1, 2011 to March 31, 2014 and with the Customs, Excise and Service Tax Appellate Tribunal, Mumbai for the period April 1, 2014 to March 31, 2016.
- Based on technical circular issued by government authorities and an independent legal opinion obtained by the Group in earlier years, the Group is of the view that the said claim would be set aside. Accordingly no provision (including interest and penalty) has been recognised and the demand has been disclosed as contingent liability in the financial statements.
- Effective April 1, 2019, the Group has adopted Ind AS 116 "leases". The application of Ind AS 116 did not have any material impact on the financial results of the Group.
- The Board of Directors of the Group at its meeting held on March 5, 2019 and the shareholders by way of postal ballot on April 13, 2019, approved the buy back of the Parent Company fully paid equity shares of the face value of INR 10 each from its shareholder/beneficial owners of equity shares of the Quick Heal Technologies Limited (Parent Company) including promoters and promoter group of the Parent Company as on the record date, on a proportionate basis through the "tender offer" route at a price of INR 275 per share for an aggregate amount not exceeding INR 1,750 million. The Parent Company completed the Buy Back Process in June 2019 and has complied with all the requisite formalities with SEBI and ROC.
In accordance with section 69 of the Companies Act, 2013, during the three months ended June 30, 2019, the Group has created 'Capital Redemption Reserve' of INR 63.64 million equal to the nominal value of the shares bought back as an appropriation from Securities Premium Account.
- The Group is engaged in providing security software solutions. The Chief Operating Decision Maker (CODM) reviews the information pertaining to revenue of each of the 6 target customer group (segments) viz. retail, enterprise & government and mobile. However, based on similarity of activities/products, risk and reward structure, organisation structure and internal reporting systems, the Group has structured its operations into one operating segment viz. anti-virus and as such there is no separate reportable operating segment as defined by Ind AS 108 "Operating segments".
- Mr. Pradeep V Bhide resigned as Independent Director of the Parent Company w.e.f. April 01, 2019. Mr. Manu Parpia resigned as Independent Director of the Parent Company w.e.f. May 11, 2019.
- Figures for the quarter ended March 31, 2019 are the balancing figures between the audited figures of the financial year ended March 31, 2019 and unaudited and non 8 reviewed figures for the nine month ended December 31, 2018.
For and on behalf of the Board of Directors
Sd/-
Sanjay Katkar
Joint Managing Director
& Chief Technology Officer
Place: Pune Date: August 08, 2019
epaper.financiale press.com
has bought back 23,58,462 equity shares utilizing a total amount of Rs.22,45,66,455/- (Rupees Twenty-Two crores Forty Five lakhs Sixty Six thousand Four hundred and Fifty Five only) (excluding the Transaction Costs) which represents 89.83% of the Maximum Buyback Size authorized for the Buyback and is in excess of Minimum Buyback Size, the Board, at its meeting held on August 08, 2019 decided to make an early closure of the Buyback with effect from close of the trading hours of August 08, 2019. Thus the Buyback stands closed on Thursday, August 08, 2019 (after close of the trading hours) and an intimation of closure of the buyback was submitted to the Stock Exchanges on August 08, 2019.
$2.$ Details of the Buy-back
- $2.1$ The Company bought back 23,58,462 (Twenty Three Lakhs Fifty Eight Thousand Four Hundred and Sixty Two only) Equity Shares utilizing a total amount of Rs.22,45,66,455/- (Rupees Twenty-Two crores Forty Five lakhs Sixty Six thousand Four hundred and Fifty Five only) (excluding Transaction Costs) which represents 89.83% of the Maximum Buyback Size. The price at which the equity shares were bought back was dependent on the price quoted on the Stock Exchanges. The highest price at which the equity shares were bought back was Rs.106.70 per equity share, while the lowest price was Rs.87.50 per equity share. The equity shares were bought back at an average price of Rs.95.22 per equity share. These prices are based on the Contract Notes issued by the Trading Member, Karvy Stock Broking Limited and exclude transaction costs.
- 2.2 The pay-out formalities were completed as per settlement with the Stock Exchanges. The Company has extinguished 15,91,581 Equity Shares till date and the Company is in the process of extinguishing the remaining 7,66,881 Equity Shares.
- 2.3 All Equity Shares bought back were in the demat segment from the Stock Exchanges. No physical shares were accepted or bought back in the Buyback. As the Buyback was done from the open market through the Stock Exchanges, the identity of shareholders from whom Equity Shares exceeding one per cent of the total Equity Shares was bought in the Buyback is not known.
- Capital Structure and Shareholding Pattern 3.
- 3.1 The capital structure of the Company, as on the date of the Public Announcement and post completion of the buyback is set for th below:
*The Company is in the process of extinguishing the balance 7,66,881 Equity Shares out of 23,58,462 equity shares bought back. The Post Buyback share capital has been provided assuming extinguishment of all equity shares bought back by the company.
4. Manager to the Buyback
KARVY III INVESTMENT BANKING KARVY INVESTOR SERVICES LIMITED
Plot No.31, 8th Floor, Karvy Millennium, Nanakramguda, Financial District, Gachibowli, Hyderabad 500 032, Telangana, India. Tel.: 91 40 2342 8774 / 2331 2454, Fax: 91 40-2337 4714 / 2331 1968 Email: [email protected], Website: www.karvyinvestmentbanking.com, Investor Grievance Email: [email protected] Contact Person: Mr. M.P. Naidu
5. Directors' Responsibility
As per Regulation 24(i)(a) of the Buyback Regulations, the Board accepts responsibility for the information contained in this post-Buyback public advertisement and confirms that the information included herein contains true, factual and material information and does not contain any misleading information.
For and on behalf of Board of Directors of Nava Bharat Ventures Limited
| Sd/- | $Sd$ /- | $Sd/-$ |
|---|---|---|
| P Trivikrama Prasad | GRK Prasad | VSN Raju |
| Managing Director | Executive Director | Company Secretary |
DO DO
Date: August 09, 2019
Quick Heal
QUICK HEAL TECHNOLOGIES LIMITED
Regd. Office: Marvel Edge, Office No. 7010 C & D, 7th Floor, Opposite Neco Garden Society, Viman Nagar, Pune - 411014Phone: +91 20 66813232 CIN: L72200MH1995PLC091408 Email : [email protected]
STATEMENT OF CONSOLIDATED FINANCIAL RESULTS OF OUICK HEAL TECHNOLOGIES LIMITED AND ITS SUBSIDIARIES FOR THE QUARTER ENDED JUNE 30, 2019
| (INR in million, except per share data) | |||||
|---|---|---|---|---|---|
| Sr. | Quarter ended | Year ended | |||
| No. | Particulars | June30, 2019(Unudited) | March31, 2019(Audited) | June30, 2018(Unudited) | March31, 2019(Audited) |
| 1 | Income | ||||
| Revenue from operations | 576.00 | 860.01 | 530.88 | 3.149.26 | |
| Other income | 84.46 | 85.15 | 64.09 | 326.67 | |
| Total income | 660.46 | 945.16 | 594.97 | 3,475.93 | |
| $\overline{2}$ | Expenses | ||||
| Cost of raw materials consumed | 6.17 | 11.42 | 5.32 | 30.56 | |
| Purchase of security software products | 8.27 | 33.98 | 18.54 | 115.96 | |
| Changes in inventories of security software products | 3.60 | (9.58) | (8.17) | (19.40) | |
| Employee benefits expense | 266.32 | 239.59 | 254.77 | 988.51 | |
| Depreciation and amortisation expense | 51.63 | 56.32 | 59.22 | 235.49 | |
| Other expenses | 163.40 | 198.39 | 171.18 | 754.62 | |
| Total expenses | 499.39 | 530.12 | 500.86 | 2.105.74 | |
| 3 | Profit / (loss) before exceptional items and tax (1-2) | 161.07 | 415.04 | 94.11 | 1,370.19 |
| 4 | Exceptional items | × | |||
| 5 | Profit / (loss) before tax (3-4) | 161.07 | 415.04 | 94.11 | 1,370.19 |
| 6 | Tax expense | ||||
| Current tax | |||||
| Pertaining to profit for the current period | 41.78 | 146.99 | 29.75 | 447.25 | |
| Adjustments of tax relating to earlier periods | × | 31.28 | 45.99 | ||
| Deferred tax | 0.31 | (40.70) | 3.24 | (41.29) | |
| Total tax expense | 42.09 | 137.57 | 32.99 | 451.95 | |
| $\overline{7}$ | Profit / (loss) for the period (5-6) | 118.98 | 277.47 | 61.12 | 918.24 |
| 8 | Other comprehensive income, net of tax | ||||
| Other comprehensive income not to be reclassified to profit or loss in subsequent periods: | |||||
| Re-measurement of defined benefit plans | 3.96 | 0.42 | (4.69) | (3.23) | |
| Net (loss) or gain on FVTOCI assets | ö. | ä. | × | (29.52) | |
| Exchange differences on translation of foreign operations | (1.32) | 0.17 | 2.30 | 2.73 | |
| Total other comprehensive income | 2.64 | 0.59 | (2.39) | (30.02) | |
| 9 | Total comprehensive income (after tax) $(7+8)$ | 121.62 | 278.06 | 58.73 | 888.22 |
| 10 | Paid-up equity share capital (face value of INR 10 each) | 642.01 | 705.63 | 704.70 | 705.63 |
| 11 | Other equity (as per balance sheet of previous accounting year) | 7.191.79 | |||
| 12 | Earnings per share of INR 10 each: (not annualised for the quarter) | ||||
| a) Basic | 1.70 | 3.94 | 0.87 | 13.03 | |
| b) Diluted | 1.70 | 3.94 | 0.87 | 13.02 |
Unaudited standalone financial information
(INR in million, except per share data)
| Sr.No. | Particulars | Quarter ended | Year ended | ||
|---|---|---|---|---|---|
| June30, 2019(Unudited) | March31, 2019(Audited) | June30.2018(Unudited) | March31, 2019(Audited) | ||
| Revenue from operations | 571.49 | 853.54 | 527.88 | 3,129.03 | |
| $\overline{2}$ | Profit before tax | 162.79 | 374.54 | 97.34 | .290.70 |
| 3 | Profit after tax | 120.86 | 237.26 | 64.41 | 839.64 |
Notes to financial results:
1 The above financial results for the quarter ended June 30, 2019 have been subjected to limited review by the statutory auditors of the Group and reviewed by the Audit Committee and approved by the Board of Directors of the Group at the meeting held on August 08, 2019.
2 In accordance with the SEBI (Listing Obligations and Disclosure Requirements) (Amendments) Regulations, 2018 dated May 09, 2018 the company has prepared and published the quarterly consolidated financial results for the first time for the quarter ended June 30, 2019. Thus, the quarterly financial results reported above for the quarter ended June 30, 2018 and quarter ended March 31, 2019 were not subjected to limited review.
During the previous year ended March 31, 2019, the Group has received notice of demand dated March 13, 2019, in relation to service tax under the provisions of Finance Act, 1994 for INR 387.43 million (excluding interest and penalties) covering the period from April 1, 2016 to June 30, 2017 on supply of anti-virus software in Compact Disk. The Group has replied the notice of demand to Commissioner of Goods and Service Tax, Pune.
During the earlier years, the Group had similarly received notice of demands in relation to service tax under the provisions of Finance Act, 1994 for INR 1,223.07 million (excluding penalty of INR 626.97 million and predeposit, if any) covering the period from March 1, 2011 to March 31, 2016 on supply of anti-virus software in Compact Disk. The Group had filed an appeal with Customs, Excise and Service Tax Appellate Tribunal, New Delhi for the period March 1, 2011 to March 31, 2014 and with the Customs, Excise and Service Tax Appellate Tribunal, Mumbai for the period April 1, 2014 to March 31, 2016.
Based on technical circular issued by government authorities and an independent legal opinion obtained by the Group in earlier years, the Group is of the view that the said claim would be set aside. Accordingly no provision (including interest and penalty) has been recognised and the demand has been disclosed as contingent liability in the financial statements.
4 Effective April 1, 2019, the Group has adopted Ind AS 116 "leases". The application of Ind AS 116 did not have any material impact on the financial results of the Group.
The Board of Directors of the Group at its meeting held on March 5, 2019 and the shareholders by way of postal ballot on April 13, 2019, approved the buy back of the $\overline{5}$ Parent Company fully paid equity shares of the face value of INR 10 each from its shareholder/beneficial owners of equity shares of the Quick Heal Technologies Limited (Parent Company) including promoters and promoter group of the Parent Company as on the record date, on a proportionate basis through the "tender offer" route at aprice of INR 275 per share for an aggregate amount not exc complied with all the requisite formalities with SEBI and ROC.
In accordance with section 69 of the Companies Act, 2013, during the three months ended June 30, 2019, the Group has created 'Capital Redemption Reserve' of INR 63.64 million equal to the nominal value of the shares bought back as an appropriation from Securities Premium Account.
- The Group is engaged in providing security software solutions. The Chief Operating Decision Maker (CODM) reviews the information pertaining to revenue of each of the 6 target customer group (segments) viz. retail, enterprise & government and mobile. However, based on similarity of activities/products, risk and reward structure, organisation structure and internal reporting systems, the Group has structured its operations into one operating segment viz. anti-virus and as such there is noseparate reportable operating segment as defined by Ind AS 1
- Mr. Pradeep V Bhide resigned as Independent Director of the Parent Company w.e.f. April 01, 2019. Mr. Manu Parpia resigned as Independent Director of the Parent $\overline{7}$ Company w.e.f. May 11, 2019.
- 8 Figures for the quarter ended March 31, 2019 are the balancing figures between the audited figures of the financial year ended March 31, 2019 and unaudited and non reviewed figures for the nine month ended December 31, 2018.
For and on behalf of the Board of Directors
Sd/-Sanjay Katkar
Place: Pune Date: August 08, 2019 Joint Managing Director& Chief Technology Officer
