SIGMA ADVANCED SYSTEMS LIMITED — Interim / Quarterly Report 2020

Feb 6, 2020

MECASOFT LIMITED CIN : 172200TN 1999PLCO427 30 Block "A" Wing 1, Level 5 & 6, Cyber Gateway l'4adhaPur, HYderabad - 500081 Telangana, India. rel : +91 (40) 4033 0000; Fax : +91 (40) 4013 3555 website : www.megasoft.com

06th Fehruary, 2020

To

Bombay Stock Exchange Limited Ph iroze feeJee Bhoy Towers Dalal Street, Fort Mumbai 400001 Scrip Code: 532408

National Stock Exchange of lndia Limited Excha nge Plaza Ba nd ra - Ku rla Complex, Bandra(El Mumbai 400051 Symbol: MEGAS0FT

Sub.: Outcome of the Board Meeting held on February 06, ?OZO.

Dea r Sir[s],

we refer to our letter dated January 27,2020 intimating you of the convening of the Mccting of the lloard of Directors of our company. In this regard, we wish to iniorm that the Iloard of Directors of our company met today & approved the [.lnaudited F'inanciaj Results of the company (both Standalone and consolidated) ior the quarter and nine months ended on December 31, 2079 in the format prescribed under Regulation 33 of the SEBI ILODR) Regulations, 2015 and pursuant ro SEBI Circular No. CIR/CFD/FAC/62/201,6 dated luly 5,2076.1n this connection we enclose the following:

• a. Standalone Unaudited Financial Results for the quarter and nine months ended December 37, 2019.
• b. Auditors' Limited Review Report on above Standalone unaudited frnancial results.
• Consolidated Unaudited Financial Results for the quarter and nine months ended December 37, 201-9.
• Auditors' Limited Review Report on above consolidated unaudited financial results. d.

Pursuant to Regulation 47 of the SHBI (LODR) Rcgulations, 2015 and above mentioned SEBI circular, we wouid be publishing an extract of the financial results in the prescribed format in English and'l'amil Newspapers withrn the stipulated time. The financial results (Standalone & Consolidated) would bc available on the website of the Company i,e. at htt-pl/./megas oft.Eam/investo r-servie es,h t mI and also on the websites of the stock exchanges i.e. ww-w.bseindia,-c.om and www.15eindia.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 I 2 i ] 5' P l"l,

Kindly take the information on record.

Thanking you,

For Megasoft Limi wol 6)\

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

(Rs) In Lakhs

Unaudited Financial Results For Quarter and Nine Months Ended On December 31, 2019

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

					Year to date
			Quarter Ended				Year ended
		31/12/2019(Unaudited)	30/09/2019(Unaudited)	31/12/2018(Unaudited)	31/12/2019(Unaudited)	31/12/2018(Unaudited)	31/03/2019(Audited)
		499.22	427.66	186.37	1,369.64	849.27	2,363,77
	Revenue from OperationsOther Income	186.55	199.75	25.38	489.66	222.47	1,013.92
$\mathbf{H}$		685.77	627.41	211.75	1,859.30	1,071.74	3,377.69
Ш	Total Revenue (I + II)
IV.	Expenses:Cost of materials consumed	31.69	16.72	14.39	83.00	27.05	234.60
a	Purchases of Stock-in-Trade
þC	Changes in inventories of finished
	goods, Stock-in-Trade and work-in-
	progress
d	Employee benefits expense	216.54	197.22	234.90	620.39	886.70	1,153.31
e	Finance costs	100.88	102,54	82.67	287,00	246.19	373.25
f	Depreciation and amortisation expense			12.10	252.55	35 06	98.37
		81.66	85.21
g	Other expenses	221.86	215.80	256.49	549.49	556.44	1,440.51
	Total Expenses (IV)	652.63	617.49	600.55	1,792.44	1,751.44	3,300.04
v	Profit/ (Loss) before exceptional items					(679.70)	77.66
	and tax (III - IV)	33.14	9.92	(388.80)	66.86
VI.	Exceptional itemsProfit/ (Loss) after exceptional items						77.66
VII	and before tax (V - VI)	33.14	9.92	(388.80)	66.86	(679.70)
VIII	Tax expense:						2.26
а	Current tax						34.24
$\mathbf b$	Deferred tax						36.50
IX	Total tax expenses
Х	Net movement in regulatory deferral
	account balances related to profit or loss
	and the related deferred tax movement
X1	Profit (Loss) for the period from	33.14	9.92	(388.80)	66.86	(679.70)	41.16
	continuing operations (VII-IX+X)
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)	33.14	9.92	(388.80)	66.86	(679.70)	41.1
XVII.	Other Comprehensive Income
	A 1. Items that will not be reclassified						2,786.2
	to profit or loss:
	2 Income tax relating to these items	$50^1$
		תΦ		$\overline{z}$

2 Income tax relating to these ltems
Total Comprehensive income for the
Total proflt or loss, attributable to
Profit/loss attr butable to owners of
Total profrt/loss attributable to noncontrolling nterests
Total Comprehensive income for the
Comprehenstve income for the perlodattr butable to owners of Parent
Total comprehensive income for theperiod attributable to owners of parentnon-controlling Interests
Details of eouitv share
(face value of the share shall be
Details of debt securities
Reserves excluding revaluation reserve
Earnlngs per equity share for
Basic earnings (loss) per share fromcont nulnS o
Diluted earnings (loss) per share from
Earnings per equity share for
Basic earnings (loss) per share fromdiscont nued oPeratlons
Diluted earnlnBs (loss) per share from
dlscont nued oPeratlonS
Basic earnings (loss) per share fromcontinuing and discontinued operations
Diluted earninEs (loss) per share fromontinuing and discontinued operations
Disclosure of notes on financial results

N.C. RAJAGOPAL & CO.,

CHARTERED ACCOUNTANTS

Partners: N.C. SUNDARARA'AN, F.CA GN. GOPALARATHNAM, B.Sc., F.C.A., DISA V. ANANTHAMMAN, B.Com., F.C.A. M.V. RENGARA'AN. N.D.COM.. F.CA.

22, V. KRISHNASWAI.IY AVENUE, LUZ CHURCH ROAD, MYLAPORE, cHENNAt - 600 004.

SUMITHRA RAVICHANDRAN, B.Sc., F.C.A. N.C. VIJAYKUMAR, B.Com., F.CA., DISA V. CHANORASEKARAN, B.Com., F.CA N. SUNDA& B.Sc., F.CA., DISA ARJUN .S, B.Com., F.C.A.

Ref: Date:

Requirements] Regulations. 2015

Review report to The Board of Directors of Megasoft Limited

we have reviewed the accompanying statement of unaudited financial results of Megasoft Limited ('The company') for the period ended 31.r December 2019. This statement is the responsibility of the company's Management and has been approved by the Board of Directors, 0ur responsibility is to issue a report on these financial statements based on our review.

we conducted our review of the statement in accordance with the standard on Review Engagements (sRE) 2410 "Review of Interim Financial Information performed by the Independent Auditor of the Entity", issued by the Institute of chartered Accountants of India. This standard requires that we plan and perform the review to obtarn mooerate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results prepared in accordance with applicable accounting standards and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the sEBI flisting Obligations and Disclosure Requirements) Regulations, 2015 including the manner in which it js to be disclosed, or that it contains any material misstatement.

For N.C.Rajagopal& Co., Chartered Accountants Firm Reg: 00339

IPartnerJ M,No.230448

UDIN: 2ez3otq I trnnAnJloLtt

Place: Hyderabad Date : 06-02-2020

Megosoft Limited

Registered Oftice #85 Kulchery Road Mylapore. Chennar. Indra ' 600 004

Coryorale Oflice Block A Winq 1. Levei5 & 6 Cybercaleway t,ladhapur. Hyderabad - 500081 Telangana.India

unaudited Flnancial Results For Quarter and Nino Months Ended On December 31, 2019

ClN. 172200TN1999P1C042730, Phone: +9'l-44.24616758 Fari +9'1.44-24617810, Emailr investors@megasoft.com

	Cost of materials consumed
	Purchases of Stock-in-Trade
	Stock-rn-Taade and work-in
	Profit/ (Loss) before exceptionalitems and tax {lll- lV)
	Net movement in regulatory deferralbalances related to profit orloss and the related deferred taxmovernent
	Profit (Loss) for the period from
	Profit/(loss) f rom discontinued
	Tax expense of discontinued
	Proflt/(loss) from Discontrnued
	Share of profit (loss) of associatesand Joint ventures accounted for
	ii) Changes in Revaluation surplus

	B. 1. Items that will be reclassified
	to profit or loss:
	i) Fair value changes in Equity
	Instrument through OCI						(2, 221.38)
	2. Income tax relating to these items
	Total Comprehensive income for
XVIII	the year (XVI+XVII)	113.58	11.42	23.64	226.69	29.31	598.24
XIX	Total profit or loss, attributable to
	Profit/loss attributable to owners of
	parent
	Total profit/loss attributable to non-
	controlling interestsTotal Comprehensive income for
	XX the period attributable to
	Comprehensive income for theperiod attributable to owners of
	parent
	Total comprehensive income for theperiod attributable to owners of
	parent non-controlling interests
XXI	Details of equity share capital
	a Paid-up equity share capital	4,426.73	4,426.73	4,426.73	4,426.73	4,426.73	4,426.73
	(face value of the share shall be				10 00	10 00	10.00
	b indicated)	10 00	10 00	10 00
	XXII Details of debt securitiesReserves excluding revaluation
	XXIII reserve	6,913.84	6,796 97	9,521.14	6,913.84	9,521.14	6,531.61
	XXIV Debenture redemption reserve
XXV.	Earnings per share:
	Earnings per equity share for
a	continuing operations
	Basic earnings (loss) per share from
	continuing operations	0.26	0.03	0.05	0.51	0.07	0.08
	Diluted earnings (loss) per share
	from continuing operations	0.26	0.03	0.05	0.51	0.07	0.08
	Earnings per equity share for
	b discontinued operations
	Basic earnings (loss) per share from
	discontinued operations
	Diluted earnings (loss) per share
	from discontinued operationsc Earnings per equity share
	Basic earnings (loss) per share from
	continuing and discontinued
	operations	0.26	0.03	0.05	0.51	0.07	0.08
	Diluted earnings (loss) per share
	from continuing and discontinued
	operations	0.26	0.03	0.05	0.51	0.07	0.08
	Disclosure of notes on financial
	XXVI results
					Oz,		For Megasoft Limited
				$\infty$$\sigma$		ø,$\sim$
				ত			GV KUMAR
					ALLIN		CEO & Managing Director

N.C. RAJAGOPAL & CO.,

CHARTERED ACCOUNTANTS

Partners:

N.C. SUNDARAITAJAN, F.C.A-GN. GOPALAMTHNAM, B.Sc., F-CA, O|SA V. ANANTHAMMAN, B.Com., F.C-A,. M.V. RENGARA'AN, N.D.COM.. F.C.A.

22, V KRISHNASWAII.IY AVENUE, LUZ CHURCH ROAD. MYLAPORE. cHENNAT - 600 004.

SUM|lHRA RAVICHANDRAN, B.Sc., F.CA. N.C. WAYKUMAR. B.Com., F.C-A.. D|SA V. CHANDRASEKARAN, B.Com.. F.C-A" N. SUNDAR, B.Sc., F.C-A.. D|SA ARJUN .S, B.Com.. F.G.A.

Ref: Date:

To

Board of Directors of Megasoft Limited

1, We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results r 2019 and the corresponding period from.lst nthese financial results have been approveo oy n subjected to review'

1. This Statement, which is the responsibility o on the Statement based on our review

not exPress an audit oPinion

We also performed procedures in accordance with the circular issued by the SEBI under Resulation 33 (8) of tft" sEsr (iitii"g Obligution' and Disclosure Requirements) Regulatrons' ZOiS, us urnend"d, to the extent applicable'

1. The Statement includes the results of the following entttres:

• a. Megasoft Consultants SDN BHD
• b, XIUS Holding CorP
• c. XIUS CorP
• d, XIUS DE RL DE CV

Facsimile : +91 44 2499 1/tE5. 2498 8682 Branches at : Chennai - 6. Salem & Erode

5 Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanyi;g statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI [Listing Obligations and Disclosure RequirementsJ Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains anv material misstatement.

6 We did not review the interim financial results of 4 subsidiaries included in the consolidated unaudited financial results, whose interim financial results reflect total revenues of Rs.4,006.66/- lakhs and total net profit after tax of Rs,159.83 /-la khs and total comprehensive income of 159.83/- lakhs, for the quarter/nine months ended 31"t December 2019 and for the period from 1.t April 2019 to 31"t December 2019 respectively, as considered in the consolidated unaudited Financial results, The consolidated unaudited financial results also includes the Group's share of net profit after tax of Rs.159,83/- lakhs for the quarter/njne months ended 3lst December 2019 and for the period from 1$ April 2019 to 31st December 2019, respectively. These interim financial results have been reviewed by other auditors whose reports have been furnished to us by the Management and our conclusion on |he Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries is based solely on the reports of the other auditors and the procedures performed by us as stated in paragraph 3 above,

0ur conclusion on the Statement is not modified in resDect of the above matters.

For N.C,Rajagopal& Co., Chartered Account Firm Reg:00339 Arjun S

M.No.230448 UDIN: Lo zzort g* A4 lr-4A,<f e sf

Place : Hyderabad Date | 06/02/2020

NOTES:

• L. The above results were reviewed by the Audit / Risk & Compliance Committee and approved by the Board of Directors at their Meetings held on 06$ February 2020.
• 1. The Company has a single reportable segment, that of telecom and has been disclosed in accordance with SEBI (LODRJ Regulations,20l5.
• Previous periods'figures have been rearranged wherever necessary to conform to the current period classifications/ disclosures. J.
• Pursuant to the provisions of the SEBI Listing Regulations, an extract of Standalone & Consolidated financial results is being published in the newspapers. The Standalone and Consolidated Unaudited financial results will be made available on the company's website i.e. at http://megasoft.com/investor-services.html and also on the websites of the stock exchanges i.e. www.bseindia.com and UAM /.nligindia.com. A