MEGASOFT IhVIITED

CIN : 172200TN1999Pt.C042730 My Home Hub, lst Floor, Block-3, Madhapur, Hyderabad - 500081, Telangana, India. Tel : +91 (40) 4033 0000; Fax : +91 (40) 4013 3555 website : www.megasoft.com

Date: 05.05.202L

To

Bombay Stock Exchange Limited Phiroze JeeJee Bhoy Towers Dalal Street, Fort Mumbai400001- Scrip Code: 532408

National Stock Exchange of India Limited Exchange Plaza Bandra-Kurla Complex, Bandra( E) Mumbai400051 Symbol: MEGASOFT

Dear Sir(s),

Sub: Outcome of the Board Meeting held on May 05,2O2l'

We refer to our letter dated 27th April, 202L intimating you of the convening of the Meeting 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 37,2021in the format prescribed under Regulation 33 of the SEBI (LODR) Regulations,2015 and pursuant to SEBI Circular No. CIR/CFD/FAC/62120L5 dated July 5,201-6. In this connection we enclose the followtng:

Standalone Audited Financial Results for the quarter and year ended March 3L,2O2L d.
Auditors' Reoort on above Standalone Audited Financial Results b.
Consolidated Audited Financial Results for the quarter and year ended March 3L,202t r
Auditors' Report on above Consolidated Audited Financial Results d.
Statement of Assets and Liabilities as at March 3L,202L e.
Standalone and Consolidated Cash Flow Statement for year ended March 3I,202L f.
Declaration in respect of Audit Report on Audited Financial Results with unmodified opinion Io'

pursuant to Regulation 47 of the SEBI (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 available on the website of the Company i.e. at http;/7megas.o-ft.com/-investor-services.html and also on the websites of the stock exchanges i.e. www-bsq!ndia.com and www.nseindia.com.

We further wish to inform that the Meeting of the Board of Directors of the company commenced at 02:13 p.m. and concluded at P.m.

Kindly take the information on record.

For Megasoft Limited

Gandarvakott ai Venkatarama n Kumar Digitally signed by Gandarvakottai Venkataraman Kumar Date: 2021.05.05 15:30:48 +05'30'

G V Kumar MD & CEO

^I Megasoft Limited

R Corporate Office egistered Office. #85, Kutchery Road, Mylapore, Cher Inai, India - 600 ⁰⁰⁴ rabad - 500081. Telangana, India

ended March 3'l',2021

Audite i'|7810, Email: investors@megar oft.com

Part I						IKs,
	Particulars	Standalone
			Quarter Ended			Year ended
		31 March 2027 (Audited)	31 December 2020 (Unaudited)	31 March 2020 (Audited)	31 March 2021 (nudited)	31 March 2020 (Auditedl
	Revenue from Operations	397.76	394.r.8	664.7(	1,,646.6C	2,O34.4C
tl	Other Income	282.0L	128.95	160.62	686.41	650.2t
	Total Revenue (l + ll)	679.77	523.t3	825.38	2,333.01	2,684.61
	Expenses:
	:ost of materials consumed	20 87	11.68	19.33	45.95	102.33
b	Purchases of Stock-i n-Trade
	Changes in inventories offinished goods, Stock-in-Trade and work-in
d	Emplovee benefits expense	235.49	2r3.28	L55.34	857.27	775.73
e	Finance costs	64 55	68.94	79.61	273.69	366.67
	Depreciation and amortisation	83.51		92.r9	343.30	344.73
I	exoense Other expenses (AnY item exceeding 10% of the total expenses relating to continuing operations to be shown separately)	293.64	L26.07	493.77	574.77	r,043.26
	Total Expenses (lVl	598.06	503.17	840.3C	2,L94.98	2,632.73
V	Profit/ (Loss) before exceptional items and tax (lll - lV	(18.2e)	19.96	lt4.e2)	138,03	51.94
	Exceotional items
	Profit/ (Lossl after excePtional items and before tax (V - Vl)	(18.2s1	19.9f	(14.e2)	138.03	51.94
	Tax expense:
	Current tax	(9.00	9.00
	b I Deferred tax	(0.8s		(3.78	(0.8s	3.78
	lX lTotal tax expenses	(e.8sl	9.0c	13.781	(0.8s)	13.78

	la Tp.tit (tots) for the period from I continuing operations (Vll-lX+X)	(8.44)	10.9€	(11.14)	138.88	55.73
	Xll lProfit/(losslfrom discontinued I operations
	Xlll I Tax expense of discontinued I ooerations
	XIV lProfit/(loss) from Discontinued I operations (after tax) (Xll-Xlll)

Share of profit (loss) of associates and joint ventures accounted for using equity method

Profit (Loss) for the period (Xl +		(11.141

A 1. ltems that will not be

B, 1. ltems that will be
2. Income tax relating to these items
Total Comprehensive income for
Total profit or loss, attributable to
Profit/loss attributable to owners
Total profit/loss attributable to non-controllins i nterests
Total Comprehensive income for the period attributable to
Comprehensive income for the oeriod attributable to owners of
Total comprehensive income for
the oeriod attributable to owners
f parent non-controlling interests
Details of equity share
Paid-up equitv share
(face value of the share shall be
Details of debt securities
Other Equity excluding revaluation reserve


Earnings per equity share for
Basic earnings (loss) per share from
Diluted earnings (loss) per share from continuing operations
Earnings per equity share for
Basic earnings (loss) per share from discontinued operations
Diluted earninls (loss) per share from discontinued operations
Basic earnings (loss) per share from
continuing and discontinued operatronS

Diluted earnings (loss) per share from continuing and discontinued
Dlsclosure of notes on financial




		CEO&M

N.C. RAJAGOPAL & CO.,

CHARTERED ACCOUNTANTS

Partners:

N.C. SUNDARARAJAN, EC.A. G.N. GOPALARATHNAM, B.Sc., F.C.A., DISA V. ANANTHARAMAN, B.Com., F.C.A. M.V. RENGARAJAN, N.D.COM., F.C.A.

Ref:

V. KRISHNASWAMY AVENUE. LUZ CHURCH ROAD, MYLAPORE. CHENNAI - 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., DISA ARJUN.S.B.Com.,F.C.A.

Date:

INDEPENDENT AUDITOR'S REPORT

$To.$ The Board of Directors. Megasoft Limited.

Report on the audit of the Standalone Financial Results

Opinion

We have audited the accompanying standalone financial results of Megasoft Limited ("the Company") for the quarter ended 31^st March, 2021 and the year to date results for the period from 1st April, 2020to 31st March, 2021, attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations").

In our opinion and to the best of our information and according to the explanations given to us these standalone financial results:

i. Are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and

ii. Give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards and other accounting principles generally accepted in India of the net profit and other comprehensive income and other financial information for the quarter ended 31^st March, 2021 as well as the year to date results for the period from 1st April, 2020 to 31st March, 2021.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013 ("the Act"). Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Standalone Financial Results section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial results under the provisions of the Companies Act, 2013 and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Management's Responsibilities for the Standalone Financial Result

These quarterly financial results as well as the year to date standalone financial results have been prepared on the basis of the standalone financial statements. The Company's Board of Directors are responsible for the preparation of these financial results that give a true and fair view of the net profit and other comprehensive income and other financial information in accordance with the Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the standalone financial results, the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable. matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The Board of Directors are also responsible for overseeing the Company's financial reporting process.

Auditor's Responsibilities for the Audit of the Standalone Financial Results

Our objectives are to obtain reasonable assurance about whether the standalone financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these standalone financial results.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the standalone financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control.

Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on theCompany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the standalone financial results, including the disclosures, and whether the financial results represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit-

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

For N.C. Rajagopal & Co., Chartered Accountants

(Firm Regn No.003398S) AGOPA CHENNA 600 004 Arjun S Partner

(Membership No. 230448) UDIN: 21230448AAAACR4468

Place: Chennai Date: 05-05-2021

Megasoft Limited

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

Corporate Office : 01st Floor, Block-3, My Home Hub, Madhapur, Hyderabad - 500081, Telangana, India

Audited Financial Results for the Quarter and Year ended March 31, 2021

	.72200TN1999PLC042730, Phone: +91-44-24616768 Fax: +91-44-24617810, Email: [email protected]

	CIN: L72200TN1999PLC042730, Phone: +91-44-24616768 Fax: +91-44-24617810, Email: [email protected]
Part I						(Rs) In Lakhs
	Particulars	Consolidated
			Quarter Ended			Year to date figures for
		31 March 2021 (Audited)	31 December 2020	31 March 2020	31 March 2021	31 March 2020 (Audited)
			(Unaudited)	(Audited)	(Audited)
$\mathbf{I}$	Revenue from Operations	1,542.05	1,510.58	1,560.14	5,940.22	5,673.26
Ħ	Other Income	281.91	129.04	160.62	686.40	650.28
Ш	Total Revenue (I + II)	1,823.96	1,639.62	1,720.76	6,626.62	6,323.54
$\mathsf{I}\mathsf{V}$	Expenses:
a	Cost of materials consumed	574.27	409.66	478.54	1,937.60	1,644.82
$\mathbf b$	Purchases of Stock-in-Trade
c	Changes in inventories of finished
	goods, Stock-in-Trade and work-in-
d	Employee benefits expense	340.93	326.53	293.12	1,311.84	1,246.41
e	Finance costs	138.58	138.42	142.61	548.96	682.82
f	Depreciation and amortisation	30.58	101.60	35.75	363.04	437.58
g	Other expenses	730.17	638.13	930.51	2,280.62	2,244.98
	Total Expenses (IV)	1,814.54	1,614.34	1,880.53	6,442.07	6,256.61
v	Profit/ (Loss) before exceptional items and tax (III - IV)	9.42	25.28	(159.77)	184.55	66.93
VI	Exceptional items
VII	Profit/ (Loss) after exceptional items and before tax (V - VI)	9.42	25.28	(159.77)	184.55	66.93
VIII	Tax expense:
a	Current tax	(8.33)	9.00		0.67
b	Deferred tax	(0.93)		(3.78)	(0.93)	(3.78)
IX	Total tax expenses	(9.26)	9.00	(3.78)	(0.26)	(3.78)
X	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement
XI	Profit (Loss) for the period from continuing operations (VII-IX+X)	18.68	16.28	(155.99)	184.81	70.71
XII	Profit/(loss) from discontinued operations
XIII	Tax expense of discontinued operations
XIV	Profit/(loss) from Discontinued operations (after tax) (XII-XIII)
XV	Share of profit (loss) of associates and joint ventures accounted for using equity method
XVI	Profit (Loss) for the period $(XI +$ XIV+XV)	18.68	16.28	(155.99)	184.81	70.71
XVII	Other Comprehensive Income
	A Items that will not be reclassified to profit or loss:
	i) Remeasurements of post employment benefit obligations	(6.66)		(0.10)	(6.66)	(0.10)
	ii) Changes in revalutaion surplus

2. Income Tax relating to these rtems
B ltems that will be reclassified

i, Fair value changes in Equity
2, Income Tax relating to these

Total Comprehensive income for
Total profit or loss, attributable
Profit/loss attributable to owners

Total profit/loss attributable to


iod attributable to owners of

Total comorehensive income for
oeriod attributable to owners
parent non-controlling interests
Details of equity share caPital

(face value of the share shall be
indicated)




Earnings per equity share for

Basic earnings (loss) per share

Diluted earnings (loss) Per share from continuing oPerations
Earnings per equity share for

Basic earnings (loss) Per share

Diluted earnings (loss) Per share from discontinued oPerations

Basic earnings (loss) Per share
from continuing and discontinued
Diluted earnings (loss) Per share
from continuing and discontinued

Disclosure of notes on financial

NOTES:

L. The above Statement of Audited Financial Results (Standalone and Consolidated) for the quarter and year ended March 3t,2O2L has been reviewed by the Audit/Risk & Compliance Committee and approved by the Board of Directors, at their meetings held on 05th May, 202L,
1. The Company has a single reportable segment, that of telecom and has been disclosed in accordance with SEBI (LODR) regulation, 2015.
3 Previous periods'figures have been rearranged wherever necessary to conform to the current period classifications/ disclosures.
4 Figures of last quarter are the balancing financial year and the published year to financialyear, figures between audited figures in respect of full date figures upto the 03'd quarter of the current
Pursuant to the provisions of the SEBI Listing Regulations, an extract of Audited Standalone & Consolidated financial results is being published in the newspapers. The Audited Standalone and Consolidated Financial Results will be made available on the company's website i.e. at tr4p"./"/_meee_s"-ojlg9fl/.nyeJtotS31_vtc-glhhLand also on the websites of the stock exchanges i.e. www.bseindia.com and www. nseindia.com.

For Megasoft Limited

G V Kumar MD & CEO

Date:05.05.2021 Place: Hyderabad

N.C. RAJAGOPAL & CO..

CHARTERED ACCOUNTANTS

Partners: N.C. SUNDARARAJAN, F.C.A. G.N. GOPALARATHNAM, B.Sc., F.C.A., DISA V. ANANTHARAMAN, B.Com., F.C.A. M.V. RENGARAJAN, N.D.COM., F.C.A.

V. KRISHNASWAMY AVENUE. LUZ CHURCH ROAD, MYLAPORE. CHENNAI - 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., DISA ARJUN.S, B.Com., F.C.A.

Date:

INDEPENDENT AUDITOR'S REPORT

To. The Board of Directors. Megasoft Limited.

Report on the audit of the Consolidated Financial Results

Opinion

Ref:

We have audited the accompanying Statement of Consolidated Financial Results of Megasoft Ltd ("Holding company") and its subsidiaries (holding company and its subsidiaries together referred to as "the Group"), for the quarter and year ended 31^st March, 2021 ("the Statement"). attached herewith, being submitted by the holding company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. as amended ("Listing Regulations").

In our opinion and to the best of our information and according to the explanations given to us. and based on the consideration of the reports of the other auditors on separate financial statements/ financial information of subsidiaries, the Statement:

a. includes the results of the following entities:

i. Megasoft Consultants SdnBhd ii. XIUS Holding Corp. iii. XIUS Corp iv. XIUS S DE RL DE CV

b. is presented in accordance with the requirements of Regulation 33 of the Listing Regulations. as amended; and

c. gives a true and fair view, in conformity with the applicable accounting standards, and other accounting principles generally accepted in India, of consolidated total comprehensive income (comprising of net [profit] and other comprehensiveloss) and other financial information of the Group for the quarter and year ended 31st March, 2021.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013 (the Act). Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Consolidated Financial Results section of our report. We are independent of the Group, in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Companies Act, 2013 and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe the

the audit evidence obtained by us and other auditors in terms of their reports referred to in "Other Matter" paragraph below, is sufficient and appropriate to provide a basis for our opinion.

Management's Responsibilities for the Consolidated Financial Results

These quarterly financial results as well as the year to date consolidated financial results.

The Holding Company's Board of Directors are responsible for the preparation and presentation of these consolidated financial results that give a true and fair view of the net profit and other comprehensive income and other financial information of the Group in accordance with the applicable accounting standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The respective Board of Directors of the companies included in the Group are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Group and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the consolidated financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the consolidated financial results by the Directors of the Holding Company, as aforesaid.

In preparing the consolidated financial results, the respective Board of Directors of the companies included in the Group are responsible for assessing the ability of the Group to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so.

The respective Board of Directors of the companies included in the Group are responsible for overseeing the financial reporting process of the Group.

Auditor's Responsibilities for the Audit of the Consolidated Financial Results

Our objectives are to obtain reasonable assurance about whether the consolidated financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial results.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the Consolidated financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgety; intentional omissions, misrepresentations, or the override of internal control.

Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the Consolidated financial results, including the disclosures, and whether the financial results represent the underlying transactions and events in a manner that achieves fair presentation.
Obtain sufficient appropriate audit evidence regarding the financial results/financial information of the entities within the Group to express an opinion on the consolidated Financial Results. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the consolidated financial results of which we are the independent auditors. For the other entities included in the consolidated Financial Results, which have been audited by other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion.

We communicate with those charged with governance of the Holding Company and such other entities included in the consolidated financial results of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

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

Other Matters

The consolidated Financial Results include the audited Financial Results of 4 subsidiaries. whose interim Financial Statements/Financial Results/ financial informationreflect Group's share of total assets of Rs.6,783.01 lakhs as at 31^st March ,2021, Group's share of total revenue of Rs. 5,577.54and Group's share of total net profit after tax of Rs.177.42 lakhs for the quarter and year ended 31st March, 2021 respectively, as considered in the consolidated Financial Results, which have been audited by their respective independent auditors. The independent auditors' reports on interim financial statements/Financial Results/financial information of these entities have been furnished to us and our opinion on the consolidated Financial Results,

in so far as it relates to the amounts and disclosures included in respect of these entities, is based solely on the report of such auditors and the procedures performed by us are as stated in paragraph above.

Our opinion on the consolidated Financial Results is not modified in respect of the above matters with respect to our reliance on the work done and the reports of the other auditors and the Financial Results/financial information certified by the Board of Directors.

For N.C. Rajagopal & Co.,

Chartered Accountants

[Firm Regn No.0033985]

z CHENNA 600.00 Arjun S Partner

Place: Chennai Date: 05.05.2021

(Membership No. 230448) UDIN: 21230448AAAACQ8186

i , Megosoft Limited

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

Corporate Office : 01st Floor, Block-3, My Home Hub, Madhapur, Hyderabad - ⁵⁰⁰⁰⁸ Telangana, India.

CfN: 172200TN1999PLC042730. Phone: +91-44-24611i768 Fax: +91-44-24617810, Email: [email protected]

		(Rs. In Lakhs)
	Statement 01	Asset and Liabilities
		Standalone		Consolidatecl
	Particulars	As at 31 March, 2021	As at 31 March, 2020	As at 31 March,2021	As at 31 March, 2020
	Assets
1	Non-current assets
o	Property, plant and equipment	13,752.19	13.458.80	16861.s7	16339.29
D	Ca oita I work-in-orosress
	Investment property
d	Goodwill			7,936.r2	7,936.1,2
e	Other intansible assets
f	Intangible assets under development
ob	Biological assets other than bearer plants
h	Investments accounted for using equity method
	Financial assets
	1 lnvestments
	a. lnvestments in subsidiaries	3,395.70	3,395.70
	b. lnvestments in associates
	c. Other investments
	2. Other financial assets	L27.66	1.37.39	r27.66	737.39
)	Deferred tax assets (net)	62.1.4	6128	61.56	60.75
k	Income tax assets (net)
	Other non-current assets	5,366.43	6,350.59	1,5.84
	Total non-current assets	23,704.t2	23,4L3.76	25,002.8e	24,473.55
2	Current assets
o	lnventories
	Current financial asset
b	Current investments
c	Trade receivables, current	2,822.74	4,456.14	3tt4.32	5933.22
d	Cash and cash equivalents	20.78	t171.	679.09	583.s'
e	Bank balance other than cash and cash eq u iva le nts	44.90	33.05	44,90	33.05
f	Loans, current
o	ncome tax assets (net)	705.75	57r.62	L387.46	572.87
h	Other current assets	520.33	s82.05	1504.18	1530.09
	Total current assets	4,t14.50	5.654.57	6,729.95	8,652.74

a	Non-current assets classified as held for sale				MEGAS(
b	Regulatory deferral account debit balances and related deferred tax Assets
	Total assets	27,8t8.52	29,068.33	31.732.80	33,L26.29
	Equitv and liabilities
1	Equity
	Equitv attributable to owners of parent
a	Equitv share capital	4,426.73	4,426.73	4,426.73	4.426.73
b	Other equity	t0,528.43	1,0,396.21	9,738.26	9,61.0.25
	Total equity attributable to owners ol parent	14,955.15	L4,822.94	L4,L64.99	14,035.98
c	Non controlling interest
	Total equity	14,955.15	t4.822.94	t4,t64.99	14,035.98
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
a	Borrowings, non-cu rrent
b	Trade pavables, non-current
c	Other non-current financial liabilities	L,970.62	L,432.04	L970.62	1.432.04
	Total non-current financial liabilities	t,970.62	t,432.04	1,970.62	L,432.04
d	Provisions, non-cu rrent	136.25	t29.94	1.36.25	129.94
e	Deferred tax liabilities (net)
f	Deferred government grants, Non-current
I	Jther non-current liabilities
	Total non-current liabilities	2,L06.87	1,561.98	2.t06.87	1,561.98
	Current liabilities
	current financial liabilities
a	Borrowings, current	LL2.35	841.92	2950.47	3964.5:
b	Trade pavables, current	928.94	1,1,81.03	943.77	t2L0.62
c	a. Total outstanding dues of micro enterprises and small enterprises
	b. Total outstanding dues of creditors other than micro enterprises
	and small enterprises	230.93	158.64	7,943,92	1,833.78
d	Cther current financial liabilities Total current financial liabilities	L,272.22	2,t87.59	5,838.15	7,009.05
		8,809.08	9,635.47	8,827.95	9,6s7,93
e	Other current liabilities	675.29	860.35	794.84	860.35
?	Provisions, current
o	Current tax liabilities (Net)
h	Deferred government grants, Current	10,756.59	L2,683.4L	15,460.95	t7,527.33
	Total current liabilities

3	Liabilities directly associated with assets in disposal group classified as held for sale				ECAS(
4	Regulatory deferral account credit balances and related deferred tax liability
	Total liabilities	12,863.45	t4,245.39	t7.567.82	19,089.31
	Total equity and liabilites	27,818.62	29,068.33	3t,732.80	33,L26.29
	prepared in compliance with the Indian Accounting Standard ( ND-AS)				For Megasoft Limited

					GV KUMAR
					CEO & Managing Director
	Date:05.05.2021
	Place: Hyderabad

A :(D

	MEGASOFT LIMITED STANDALONE CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2021
			(Amounts in Lakhs)
	Particulars	Year ended 31st March 2021	Year ended 31st March 2020
A	Cash flow from Operating Activities
	Net Profit Before Tax	138.03
			51.94
	Adjusted for:
	Bad debts written off		340.00
	Provision for doubtful debts	100.00
	Depreciation	343.30	344.73
	Adjustments arising out of ROU Assets	$-57.48$	$-165.11$
	Gratuity - Actuarial (Losses)/Gains	$-6.66$	$-0.10$
	Interest Income	16.78	12.52
	Interest & Bank Charges	273.69	366.67
	Unrealised Foreign Exchange Fluctuation	51.27	147.92
	Operating Profit Before Working Capital Changes	858.93	1,098.57
	Adjusted for:
	Trade and other Receivables	1,380.11	$-1,062.40$
	Trade and other payables	$-1,112.74$	673.19
	Other non - current assets	$-15.84$	11.49
	Other Financial Assets	9.73	$-12.52$

	Cash Generated from operations	1,120.19	708.32
	Current Tax (Current and relating to Previous years)
	Deferred Tax	0.85	3.78
	Net Cash from / (Used in) Operating Activities [A]	1,121.04	712.11
B	Cash Flow from Investing activities
	Purchase of Fixed Assets	$-74.09$	$-3,124.96$
	Capital Work In Progress (WIP)		3,081.40
	Interest Income (Gross)	$-16.78$	(12.52)
	Net Cash from / (Used in) Investing Activities [B]	(90.87)	(56.08)
C	Cash flow from Financial Activities
		$-735.56$	$-363.45$
	Decrease on Short Term Borrowings Creation of deposits/(Closure of deposits)	$-11.85$	12.00
	Interest & Bank Charges	$-273.69$	$-366.67$
	Net Cash flow from/(Used in) Financing Activities [C]	(1,021.10)	(718.12)

	Net Cash Flows during the year {A+B+C}	9.07	(62.10)
	Cash & Cash Equivalents (Opening Balance)	11.71	73.81
	Cash & Cash Equivalents (Closing Balance)	20.78	11.71

	Particulars	[Amount In Rs]
		2020-21	2019-20
A.	Cash flow from Operating Activities
	Net Profit Before Tax
		184.55	66.93
	Adjusted for:
	Provision for bad and doubtful debts	100.00
	Bad debts	99.82	340.00
	Depreciation	363.04	437.58
	Adjustments arising out of ROU Assets	(57.48)	(165.11)
	Gratuity - Actuarial (Losses)/Gains	(6.66)	(0.10)
	Interest Income	(17.50)	(13.68)
	Interest & Bank Charges	548.96	682.82
	Unrealised Foreign Exchange Fluctuation	(50.13)	234.31
	Operating Profit Before Working Capital Changes	1,164.59	1,582.74

	Adjusted for:
	Trade and other Receivables	2,618.15	(429.90)
	Trade and other payables	(1,002.43)	714.40
	Other non - current assets	(15.84)	11.49
	Other Financial Assets	(779.01)	(139.56)
	Cash Generated from operations	1,985.47	1,739.17

	Current Tax (Current and relating to Previous years)	(0.67)
	Deferred Tax	0.93	3.78
	Net Cash from / (Used in) Operating Activities [A]	1,985.73	1,742.95

B.	Cash Flow from Investing activities
	Purchase of Fixed Assets	(332.73)	(3,724.91)
	Capital Work In Progress (WIP)		3,081.40
	Interest Income (Gross)	17.50	13.68
	Net Cash from / (Used in) Investing Activities [B]	(315.22)	(629.83)
C	Cash flow from Financial Activities

	Realization of deposits/(Repayment of deposits)	(11.85)	12.00
	Repayment of Borrowings	(1,014.18)	(117.33)
	Interest & Bank Charges	(548.96)	(682.82)
	Net Cash flow from/(Used in) Financing Activities [C]	(1,574.99)	(788.15)
	Net Cash Flows during the year {A+B+C}
	Cash & Cash Equivalents (Opening Balance)	95.51	324.97
	Cash & Cash Equivalents (Closing Balance)	583.57	258.60
		679.09	583.57

$^{\circledR}$

Gandarvakott Bigitally signed
ai Gandarvakottai
Venkatarama Bate 2021.05.05
n Kumar (15.17:17 +0530)

$\overline{\phantom{a}}$

$\mathbf{B}$ .

$\mathbf{c}$

Phiroze JeeJee Bhoy Towers Dalal Street, Fort Mumbai400001 Scrip Code: 532408

Bombay Stock Exchange Limited National Stock Exchange of India Limited Exchange Plaza Bandra-Kurla Complex, Bandra(E) Mumbai400051 Symbol: MEGASOFT

Dear Sir(s),

Sub: Declaration pursuant to Regulation 33 of SEBI (LODR) Regulations,2OL5

With reference to the above cited subject, l, the undersigned, Managing Director and Chief Executive Officer of Megasoft Limited hereby declare that the Auditors have issued an Audit Report with unmodified opinion on the Audited Financial Results of the Company (Standalone & Consolidated) for the financial year ended March 3I,202L.

This is for your information and records.

Thanking You,

For Megasoft Limited

Gandarvakottai Venkataraman Kumar Digitally signed by Gandarvakottai Venkataraman Kumar Date: 2021.05.05 15:17:43 +05'30'

GV Kumar MD & CEO

Date: 05.05.202L Place: Hyderabad

AI assistant

SIGMA ADVANCED SYSTEMS LIMITED Annual Report 2021

62603_rns_2021-05-05_27eb4cd5-f394-4a89-9150-1d48060a483d.PDF

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