SIGMA ADVANCED SYSTEMS LIMITED — Annual Report 2019

May 28, 2019

MEGASOFT TIMITED

CIN : 172200TN1999PLC0427 30 Block "A" Wing 1, Level 5 & 6, Cyber Gateway lvladhaPur, HYderabad - 500081 Telangana, India. Tel : +91 (40) 4033 0000j Fax : 191 (40) 4013 3555 website I www.megasoft.com

Date: 28.05.2019

To

Bombay Stock Exchange Limited Phiroze.JeeJee Bhoy Towers DalalStreet, Fort Mumbai 400001 Scrip Code: 532408

National Stock Exchange of India Limited Exchange Plaza Ba nd ra- Kurla Complex, Ba nd ra(E) Mumbai40005L Symbol: MEGASOFT

Dear Sir(s),

Sub: Outcome of the Board Meeting held on May 28, 2019.

We refer to our letter dated May 09, 201.9 intimating you of the convening of the MeetinB of the Board of Directors of our Company. In this regard, we wish to inform that the Board of Directors of our Company met today & approved the Audited Financial Results (Standalone and Consolidated) of the Company for the quarter and year ended on March 31, 2019 in the format prescribed under ReBUlation 33 of the SEBI (LODR) Regulations, 2015 and pursuant to SEBI Circular No. CIR/CFD/FAC/62/2O76 dated July 5, 2016, In this connection we enclose the followins:

• a. Standalone Audited Financial Results for the Quarter and Year ended 31 03 2019
• b. Auditors' Reoort on above Standalone Audited Financial Results
• c. Consolidated Audited Financial Results for the Quarter and Year ended 31.03.2019
• d, Auditors' Report on above Consolidated Audited Financial Results
• e Declaration in respect of Audit Report on Audited Financial Results with unmodified opinion.

Pursuant to Regulation 47 of the SEB,I (LODR) Regulations, 2015 and above mentioned SEBI circular, we would be publishing an extract of the above financial results in the prescribed format in English and Tamil Newspapers within the stipulated time, The financial results (Standalone & Consolidated) would be

averiable on the website of the Company i.e. at http://megasoft.com/investor-services.html and also on the websites of the stock exchanges i.e. www.bseindia.com and www.nseindia.com.

We further wish to inform that the Meeting of the Board of Directors of the company commenced at 10:00 a.m. and concluded at 11:10p.m.

Kindly take the information on record.

For Megasoft Limited OFT ъ

$\sigma$ 凹 CS Srivalli Susarla Company Secretary and Compliance Officer

Megasoft Limited

Registered Office #85, Kutchery Road, Mylapore, Chennai, India - 600 004

Corporate Office Block 'A' Wing 1, Level 5 & 6, Cyber Gateway, Madhapur, Hyderabad - 500081 Telangana, India

Audited Financial Results for the Quarter and Year ended March 31, 2019

CIN: L72200TN1999PLC042730, Phone: +91-44-24616768 Fax: +91-44-24617810, Email: investors@megasoft.com

Part I	Particulars			Standalone		(RS) In Lakhs
			Quarter Ended		Year ended
		31 March2019(Audited)	31 December2018(Unaudited)	31 March2018(Audited)	31 March2019(Audited)	31 March2018 (Audited)
L	Revenue from Operations	1,514,50	186 37	638 10	2,363.77	2,851.34
H.	Other Income	791.45	25.38	28,18	1,013 92	99 13
H1	Total Revenue (I + II)	2,305.95	211.75	666.28	3,377.69	2,950.47
IV	Expenses:
a	Cost of materials consumed	207.55	14.39	11.38	234.60	899.22
b	Purchases of Stock-in-Trade
$\mathsf C$	Changes in inventories of finished goods,Stock in-Trade and work-in-progress
d	Employee benefits expense	266 61	234 90	401 95	1,153.31	1,588.50
e	Finance costs	127.06	82.67	92 42	373.25	32283
$\mathsf{f}$	Depreciation and amortisation expense	63.31	12 10	4.69	98 37¥.	6589
g	Other expenses	884.07	256.49	147.86	1,440.51	628.23
	Total Expenses (IV)	1,548.60	600.55	658.30	3,300.04	3,504.67
v	Profit/ (Loss) before exceptional itemsand $tax$ $(III - IV)$	757.36	(388.80)	7.98	77.66	(554.20)
VI	Exceptional items
VII	Profit/ (Loss) after exceptional items andbefore tax (V - VI)	757.36	(388.80)	7.98	77.66	(554.20)
VIII	Tax expense:
a	Current tax	2.26			226
$\mathbf b$	Deferred tax	34.24			34.24	(60.23)
$\mathsf{X}$	Total tax expenses	36.50			36.50	(60.23)
X	Net movement in regulatory deferralaccount balances related to profit or lossand the related deferred tax movement
XI	Profit (Loss) for the period fromcontinuing operations (VII-IX+X)	720.85	(388.80)	7,98	41.15	(493.97)
XII	Profit/(loss) from discontinued operations
$X$ $ $ $ $	Tax expense of discontinued operations
XIV	Profit/(loss) from Discontinued operations(after tax) (XII-XIII)
XV	Share of profit (loss) of associates and jointventures accounted for using equitymethod
XV	Profit (Loss) for the period (XI + XIV+XV)	720.85	(388.80)	7.98	41.15	(493.97)
XVII	Other Comprehensive Income
	A 1 Items that will not be reclassified toprofit or loss:	2,786.20			2,786.20	28.13

$\sqrt{2}$

2. Income tax relating to these items
B. 1 ltems that will be reclassified to
Total Comorehensive income for the vear
Total orofit or loss. attributable to
Profit/loss attributable to owners of
Total profit/loss attributable to non"
Total Comprehensive income for the
Comprehensive lncome for the periodattributable to owners of parent
Total comprehensive income for theperiod att(butable to owners of parentnon-controlling intercsts
sharc capital
(face valuc of the share shall be indicated)
			9,/34 61
EarninBs per equity share for continuing
Bas c eamings (loss) per share from
Diluted earnings (loss) per share fromconlrnu n8 operalrons
Earnings per equity share for
Basrc carnrngs (loss) per share from
Diluted earnings (ioss) per share fromdiscontrnued operations
Bas c earnings (loss) per share fromcontinu ng and dlscontinued operations
Diluted earnrngs (loss) per share fromcontinu ng and d scontinued operations
Disclosure of notes on financial results
					GV I(UMAR
Date ?8 05 2019

N.C. RAJAGOPAL & CO., CHARTERED ACCOUNTANTS

Partners:

N,C. SUNDARARAJAN, F.C.A. GN. GOPAIIRATHNAM, B.Sc., F.C.A., DISA V ANAI'ITHARAMAN, B.Com., F.C.A. M.V. RENGARAJAN. N.D.COM,. F.C.A

22, V KRISHNASWAMY AVENUE, LUZ CHURCH ROAD, MYLAPORE, cHENNAt . 600 004.

SUMITHRA RAVICHANDRAN. B.Sc.. F.C.A. N.C. VIJAYKUMAR, B.Com., F.C.A., DISA V. CHANDRASEKARAN. B.Gom.. F.CA. N. SUNDAR, B.Sc., F.C.A., DISA ARJUN .S, B.Com., A.C-A.

Ref: Date:

Auditor's Report On Quarterli Standalone Financial Results and Year to Date Results of the Company Pursuant to the Regulation 33 of the SEBt (Listing Obligations and Disclosure Requirements) Regulations, 2015

To, The Board of Directors, Megasoft Limited

We have audited the standalone quarterly financial results of Megasoft Limited for the quarter ended 3l't March, 2019 and year to date results for the year ended 31't March, 2019 attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. These quarterly financial results as well as the year to date financial results have been preoared on the basis of the interim financial statements, which are the responsibility of the company's management. Our responsibility is to express an opinion on these financial results based on our audit of such interim financial statements, which have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 ( Ind AS 34) for Interim Financial Reporting, prescribed, under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder; or by the Institute of Chartered Accountants of India, as applicable and other accounting principles generally accepted in India.

We conducted our audit in accordance with the auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial results are free of material misstatement(s). An audit includes examining, on a test basis, evidence supporting the amounts disclosed as financial results. An audit also includes assessing the accounting principles used and significant estimates made by management. We believe that our audit provides a reasonable basis for our opinion.

Facsimilo : +91 44 2499 1485. 2498 8682 Branches at : Chennai .6, Salom & Erode

In our opinion and to the best of our information and according to the explanations given to us these iquarterly findncial results as well as the year to date results:

• (i) are presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015 in this regard; and
• (ii) give a true and fair view'of the net profit and other financial information for the quarter ended 31* March, 2019 as well as the year to date results for the period from 1sr April 2018 to 31'st March 2019.

For N.C. Rajagopal & Co., . Chartered Accountants (Firm Regn Arjun

Place : Hyderabad

Date :28-05-2019

Partner (Membership No. 230448)

Megasoft Limited

Registered Office: #85, Kutchery Road Mylapore Chennai, India - 600 004

Corporate Office : Block 'A' Wing 1, Level 5 & 6 Cyber Gateway, Madhapur, Hyderabad - 500081 Telangana India

Audited Financial Results for the Quarter and Year ended March 31, 2019

CIN: L72200TN1999PLC042730, Phone: +91-44-24616768 Fax: +91-44-24617810, Email: investors@megasoft.com

Part I	(RS) in Lakhs
	Particulars	Consolidated
		Quarter Ended			Year to datefigures for
		31 March 2019(Audited)	31 December2018(Unaudited)	31 March2018(Audited)	31 March2019(Audited)	31 March 2018(Audited)
	Revenue from Operations	1,881 43	1,479 93	1,588.68	6,18737	6,625 94
Ш	Other Income	643 17	25.37	28 18	863 94	$-9913$
Ш	Total Revenue (I + II)	2,524.60	1,505.30	1.616.86	7,051.31	6,725.07
$\mathsf{IV}$	Expenses:
$\mbox{a}$	Cost of materials consumed	808 29	472.96	360.97	2,179 24	2,158.34
b	Purchases of Stock-in-Trade
C.	Changes in inventories of finished
	goods. Stock-in-Trade and work-in-
d	Employee benefits expense	342.67	341 71	519.11	1,677 95	2,045.82
6	Finance costs	188.64	137.54	136.71	614.83	519.87
f	Depreciation and amortisation	92.04	95.06	60.92	375.76	431 16
g	Other expenses	1,051.76	434.39	327.08	2,133.02	1,460 98
	Total Expenses (IV)	2,483.39	1,481.66	1,404.79	6,980.79	6,616.17
v	Profit/ (Loss) before exceptionalitems and tax (III - IV)	41.21	23 64	212.07	70.52	108.90
VI	Exceptional items
VII	Profit/ (Loss) after exceptional itemsand before tax (V - VI)	41.21	23.64	212.07	70.52	108.90
VIII	Tax expense:
$\mathbf{5}$	Current tax	286			286
b	Deferred tax	34.24			34 24	(60.23)
$\mathsf{X}$	Total tax expenses	37.10			37.10	(60.23)
Х	Net movement in regulatory deferralaccount balances related to profit orloss and the related deferred taxmovement
x 1	Profit (Loss) for the period fromcontinuing operations (VII-IX+X)	$4 - 11$	23.64	212.07	33,42	169.13
XII	Profit/(loss) from discontinuedoperations
XIII	Tax expense of discontinuedoperations
XIV	Profit/(loss) from Discontinuedoperations (after tax) (XII-XIII)
XV	Share of profit (loss) of associates and
	joint ventures accounted for usingequity method
XVI	Profit (Loss) for the period $(XI +$(VX+VIX	4.11	23.64	212.07	33.42	169.13
XVII	Other Comprehensive Income					28.13
	A Items that will not be reclassifiedto profit and loss
	i) Remeasurements of post	12,47			12.47

$4.1.62$

	ii) Changes in Revaluation Surplus	2,773.73			2,773.73
	B Items that will be reclassified toprofit and loss
	i) Fair Value Changes in Equity	(2,22138)			(2, 221.38)
	Instruments through OCI
XVIII	Total Comprehensive income for theyear (XVI+XVII)	568.93	23.64	212,07	598,24	197.26
XIX	Total profit or loss, attributable to
	Profit/loss attributable to owners of
	parent
	Total profit/loss attributable to non-controlling interests
XX	Total Comprehensive income for the
	period attributable to
	Comprehensive income for the period
	attributable to owners of parent
	Total comprehensive income for the
	period attributable to owners of
	parent non-controlling interests
XXI	Details of equity share capital
a	Paid-up equity share capital	4.427.00	4,427.00	4,427.00	4,427.00	4,427.00
b	(face value of the share shall be	10.00	10.00	10.00	10.00
	indicated)					10 00
XXII	Details of debt securities
XXIII	Other Equity	9,305.34	9,521.14	9,101 04	9,305.34	9,101.04
XXIV	Debenture redemption reserve
XXV	Earnings per share:
a	Earnings per equity share for	×
	continuing operations
	Basic carnings (loss) per share from	0.01	0.05
				0.48	0.08	0.38
	continuing operations
	Diluted earnings (loss) per share fromcontinuing operations	0.01	0.05	0.48	0.08	0.38
р	Earnings per equity share for
	discontinued operations
	Basic earnings (loss) per share from
	discontinued operations
	Diluted earnings (loss) per share from
	discontinued operations
Ċ.	Earnings per equity share
	Basic earnings (loss) per share from	0.01	0.05	0.48	0.08	0.38
	continuing and discontinued
	operations
	Diluted earnings (loss) per share from
	continuing and discontinued	0.01	0.05	0.48	0.08	0.38
	operations
XXVI	Disclosure of notes on financialresults
						For Megasoft Limited
				$5^{\circ}$
			⅋			GV KUMAR
						MD & CEO
	Date: 28.05.2019
	Place: Hyderabad

N.C. RA"TAGOPAL & CO., CHARTERED ACCOUNTANTS

Parlners:

N.C. SUNDARARAJAN, F.C.A. GN. GOPAI-ARATHNAIrI, B.Sc., F.C.A., DISA V. ANANTHARAMAN, B.Com., F.C.A. M.V. RENGARAJAN. N.D.COM.. F.C.A

22, V. KRISHNASWAMY AVENUE. LUZ CHURCH ROAD, MYLAPORE, cHENNAt . 600 004.

SUMITHRA RAVICHANDRAN, B.Sc., F.C.A" N.C. VIJAYKUMAR, B.Com., F.C.A, DISA V. CHANDRASEKARAN. B.Com.. F.C-A. N. SUNDAR, B.Sc., F.C.A., OISA ARJUN .S. B.Com.. A.C.A.

Date:

Audito/s Report On Consolidated audited quarterly Company Pursuant to the Regulation 33 of the Requirements) Regulations, 2015 and year to date Financial Results of the sEBl (Listing Obligations and Disclosure

To, The Board of Directors, Megasoft Limited

• 1. We have audited the accompanying Statement of Consolidated Financial Results of MeBasoft Limited and its subsidiaries and its share of net profit afier tax and total comprehensive income/iloss) for the period from :1" April 2018 to 31" March 2019, beinE submitted bv the Parent pursuant to the requirement of Regulation 33 of the sEBl (ListinS Obligations and Disclosure Requirements) Regulations, 20L5, as amended Attention ls drawn to the fact that the consolidated figures for the corresponding pertod from 1'" April 2018 to 31" March 20L9, as reported in these financial results have been approved by the Parent's Board of Directors, but have not been subjected to audit/revicw.
• This Statement , which is the responsibility of the Parent's Management and approved by the parent,s Board of Directors, has been compiled from the related intcrim consolidated financial stalements/interim consolidated financial information which has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting standard 34 ( Ind AS 34) for Interim Financial Reporting, prescribed, under Sectron 113 of the Companies Act and other accounting principles EenerallV accepted in india Our resoonsibilitv is to express an opinion on thc 5tatement based on our audit of such interim consolidated financial statements/ interim consolidated financial information' 2l
• 1. We conducted our audit in accordance with the standards on Auditing specified under Section 143(10) of the Companies Act 2013 Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the Statement ts free from material misstatement

An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the Statement. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the Statenlent, whether due to fraud or error. In making those risk assessolents, the auditor considers internal control relevant to the Parent's preparation and fair prescntation of tlle Statement in order to design audit procecJures that are appropriale in the cir'umsranccs, but not for the purpose of expressing, an opinion on the Parent's inlernal financial co

Phone : +91 44 2499 1569 12499 3056, 2499 1095 2498 7746 t 2498 6170 E-mail : ncrva@vsnl.com, ncrajagopal@gmail.com

Facsimife i +91 M 2499 1485, 2498 8682 Branchss at : Chennai - 6. Salem & Erode

Ref:

reference to the Statement. An audit also rncludes evaluating the appropriateness of the accounting policies used and the reasonabreness of the accounting estimates made bv the Management, as well as evaluating the overall presentation of the Statement

We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the sEBr (t.isting obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.

• 1. In our opinion and to the best of our information and according to the expranations given to us, and based on the consideration of the reports of the other auditors on separate financial statements/ financial informatron of subsidiaries referred to in paragraph 6 below, the Statem en t:
  • al includes the results of the following entities:
    • a. Megasoft Consultants Sdn Bhd
    • b. XIUS Holding Corp
    • c, XIUS Coro
    • d. XIUS S DE RL DE CV
  • b) is presented in accordance with the requirements of Regulation 33 of the SERt (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended; and
  • gives a true and fair view in conformity with the recognition and measurenrent principles laid down in the aforesaid Indian Accounting standards and other accounting principles generally accepted in India of the consolidated total comprehensive income and other financial information of the croup for the period from 1s( April 2018 to 31ir March 2019. c)
• we did not audit the interim financial statements / financial information/financial results of 4subsidiaries included in the consolidated financial results, whose financial statements / financial informatron/financial results reflect total assets of Rs. G,2g7.04 lakhs as at 31', March 2019, total revenues of Rs. 5,430,33 lakhs, total net profit / (loss) after tax of Rs. (16.87) iakhs, and total comprehensive income/(loss) of Rs NIL for the period from j.', Aoril 2018to 3lstMarch 2019 respectively, and cash flows (net) of Rs. 130.71 lakhs for the periocl from 1't April 2018 to 3fi March 2019, as considered in the consoliclated financial results. These financial statements / financial information/financial results havc been audited bv other auditors whose reports have been furnished to us by the Management and our opinion on the consolidated frnancial results, in so far as it relates to the arnounts and disclosures included in respect of these subsidiaries, associates and joint ventures, is based solely on the reports of the other auditors and the procedures performed by us as stated in paragraph 3 above.

Our opinion on the Statement rs not modified in respect of the above rnarrers.

The consolidated financial results includes the unaudited interim financial statements financial information/financial results of 4 subsidiaries , whose interim financial statements/ financial information reflect total assets of Rs. 6,287.04 as at 3l,t March 2019 , total revenue of Rs. 5,430.33, total net profit/(loss) after tax of Bs (16.87) and total comprehensive income/ loss of Rs. NtL for rhe period from 1't April 2018 to 31', March 2019 respectively, and cash flows inet) of Rs 130.71 for the period from 15, Aprjl 2018 to 31'r March 2019, as considered in the consolidated financial results. These interim financial statements/ financial information/financial results are unauditeci and have been furnished 6)

to us by the Management and our opinion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, associates and joint ventures, is based solely on such unaudited interim financial statements/financial in forriation/fina ncial results. In our opinion and according to the information and explanations given to us by the Management, these interim financial statements / financial information/financial results are not material to the Group.

Our opinion on the Statem€nt is not modified in respect of the above matter

For N.C. Rajagopal & Co., Chartered (Firm Regn N

(Membership No. 230448)

Place :Hyderabad Date :28-05-2019 Partner

I Megosoft Limited

Reqistered Officer #85, Kutchery Road, l\4vlapore, Chennai ndia - 600 004 Coroorate Office : Block'A'Winq 1, Level 5 & 6, Cyber Gatewav, Madhapur, Hyderabad - 500081 cf it : L72200TN 1 999P1C042730. Phone: +91 -44-2461 6768 Fax: +91 -44-24617 810, Emaili

(Rs. ln Lakhs) Statement of Asset and Liabilities Consolidated Particulars As at 31 March.2019 As at 31 Mer.h. 2018 As at 31 March- 201q As at 31 March.2018 Assets Non-current assets a Prooertv. olant and eouioment 10.414 1.21 4 72.837 3.951 b Ca pita work in orosrcss 3.081 5,7 61 3.081 5.761 c lnvestmen t orooertv d c ood will 7,936 10.158 e Other intancible assets t ntansible assels under develooment g Biolopical assets other than bearer plants n Investments accounted for usrnB equitY method Financialassets L lnvestmcnts a Investmen ts in subsidiaries 3.3 96 5.617 b. Invcstments In assocrates c. Other investments 2. Other hnancial assets 1,25 r14 r25 tl4 Deferred tax assets (net) 58 92 51 92 Income tax assets {nel) Othcr non current assets 6.362 6.451 11 23 Total non-current assets 23,495 19,309 24.O48 20,098 2 Current assets a Inventones Current financial asset b Current investments c Trade recervables, current 3.823 4.7 63 5.847 1.46I d Cash and cash eouivalents 74 9 259 62 e Bank balance other than cash and cash aorrivalents 45 28 28 LOans. currenr g ncome tax assets (net ) 470 470 h Other current assets 705 687 1.5 06 1.579 Total current assets 5,116 5,942 Lr27 J Non current assets classified as held for sale b Regulatory deferral account debit balances and related dcferred tax Assets Total assets 28.6t2 25,25r 32,77 5 29,683 Equitv and liabilities 1 Equity Equity attributable to owners of parent a Eouitv share caDital 4,427 4,421 4,427 4.427 b Other eouitv 10,341 9,715 9,305 9.101 Total equity attributable to owners of oarent 74,7 67 74,L6L 1A 7?' 73's28/lif^"'o\ a

\ IO

s @n

l)i

\T-l

C	Non controlling interest
2 1	Total equityLiabilities	14,767	14,161	13,732	13,528
	Non-current liabilities
	Non-current financial liabilities
a	Borrowings, non-current
$\mathbf b$	Trade payables, non-current
C	Other non-current financial liabilities	1,085	862	1,085	862
	Total non-current financial liabilities	1,085	862	1,085	862
ď	Provisions, non-current	127	166	127	166
e	Deferred tax liabilities (net)
$f_{\bullet}$	Deferred government grants, Non-current			$\sim$
g	Other non-current liabilities	F		v
	Total non-current liabilities	1,211	1,028	1,211	1,028
	Current liabilities
	Current financial liabilities
a	Borrowings, current	1,211	1,699	4,082	4.704
b	Trade payables, current	1,256	2,282	1.479	2,686
C	a. Total outstanding dues of micro
	enterprises and smallenterprises
	b. Total outstanding dues of creditors
	other than micro enterprises
	and small enterprises.
d	Other current financial liabilities	149	117
				1,581	1,602
	Total current financial liabilities	2,616	4,098	7,141	8,993
e	Other current liabilities	9,271	5,544	9,344	5,573
f	Provisions, current	746	421	746	562
g	Current tax liabilities (Net)
h	Deferred government grants, Current
	Total current liabilities	12,633	10,062	17,231	15,128
3	Liabilities directly associated with assets indisposal group classified as held for sale
$\overline{4}$	Regulatorydeferral accountcredit
	balances and related deferred tax liability
	Total liabilities	13,844	11,090	18,443	16,155
	Total equity and liabilites		25,251
		28,612		32,175	29,683
	Note: The disclosure is an extract of the Audited Balance Sheet as at 31 March, 2019 and 31 March, 2018prepared in compliance with the Indian Accounting Standard (IND-AS)				For Megasoft Limited
		⅋G
			$\sigma$		GV KUMAR
			QAIRCASOUT	CEO & Managing Director
	Date: 28 05.2019
	Place: Hyderabad

NQ,tr5I

• 1. The and and above Statement of Audited Financial Results (Standalone and Consolidated) for the quarter year ended March 31, 20J9 has been reviewed by the Audit/Risk & Compliance Committee approved by the Board of Directors, at their meetings held on 28th May 2019.
• 2, The Company has a single reportable se8ment, that of telecom and has been disclosed accordance with SEBI (LODR) regulation, 201.5, n
• 1. Previous periods' figures have been iearranged wherever necessary to conform to the current oeriod classifications/ disclosures.
• 1. Figures of last quarter are the balancing figures between audited figures in respect of fullfinancial year and the pu blished year to date fi8Ures upto the 3rd quarter of the current financial year,
• 5 Pursua nt to the provisions of the SE Bl Listing ReBulations, a n extract of Sta nda lone & Consolidated financial results is being published in the newspapers, The Standalone and Consolidated Unaudited financial results will be made available on the companv's website i.e. at ht-tp!11 and also on the websites of the stock exchanges i.e. www. bse in d iq.c_o,qr and WUtw1EqlIl13 qoltr.

G V Kumar MD & CEO

Date: 28 05.2019 Place: Hyderabad

MEGASOFT LIMITED

clN : 172200TN1999PLCO42730 Block "A" Wing 1, Level 5 & 6, Cyber Gateway MadhaPUr, Hyderabad - 500081 Telangana, India. Tel : +91 (40) 4033 0000; Fax : +91 (40) 4013 3555 website : www.megasoft.com

Date:28.05.2019

To

BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai-400001 Scrip Code: 532408

National Stock Exchange of India Limited Exch ange Plaza, Bandra-Ku rla Complex Mumbai 400051 Symbol: MEGASOFT

Dear Sir/Madam,

Sub: Declaration pursuant to Regulation 33 of SEBt (LODR) Regulations, 2015

With reference to the abbve cited subject, l, the undersigned, Managing Director Officer of Megasoft Limited hereby declare that the Auditors have issued an unmodified opinion on the Audited Financial Results of the Company (Standalone the financial year ended March 31, 2019 and Chief Executive Audit Report with & Consolidated) for

For Megasoft Limited (G V Kumar) MD & CEO