SIGMA ADVANCED SYSTEMS LIMITED — Interim / Quarterly Report 2021

Aug 3, 2021

MEGASOFT Ll^/tlTED

CIN : 172200TN1999P1C042730 My Home Hub, lst Floor, Block-3, Madhapur, Hyderabad - 500081, Telangana, India. Tel : r-91 (40) 4033 0000; Fax : +91 (40).1013 3555 website : www.meclasoft.com

Date:03.08.2021

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

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

Dear Sir{s),

Sub: Outcome of the Board Meeting held on August 03-,?OZL.

We refer to our letter dated July 23, 2021 intimating ygu 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 Unaudited Financial Results of the Company for the quarter ended on June 30,202tin the format prescribed under Regulation 33 of the SEBI (LODR) Regulations,2015 and pursuant to SEBI Circular No. CIR/CFD /FAC/62/2016 dated July 5, 2016. In this connection we enclose the following:

• a. Standalone Unaudited Financial Results for: the quarter ended 30.06.2021.
• b. Auditors' Limited Review Report on above standalone unaudited financial results.
• c. Consolidated Unaudited Financial Results for the quarter ended 30.06.2021
• d. Auditors' Limited Review Report on above consolidated unaudited financial results.

Pursuant to Regulation 47 of the SEBI (LODR) Regulations,20tS and above mentioned SEBI circular, we would be publishing an extract of the financial results in the prescribed format in English and Tamil Newspapers within the stipulated t'Lme. The financial results (Standalone & Consolidated) would bt: available on the website of the Company i.e. at http://megasoft.cam/lnvestor-services,htm! and also on the websites of the stock exchanges i.e. www.bseindia.cgm and www"nseindia.com.

We further wish to inform that the Meeting of the Board of Directors of the company commenced a't 12.30 p.m. and conclud eO atl:.M. p.m.

Kindly take the information on record.

For Megasoft Limited G V Kumar MD & CEO

MEGASOFT LIAAITED

CIN : 172200TN1999P1C042730 My Home Hub, 1st Floor, Block-3, Madhapur, Hyderabad - 500081, Telangana, India. Tel : +91 (40) 4033 0000; Fax : +91 (40) 4013 3555 website : www.meoasoft.com

			Megosoft Limited
		Registered Office: #85, Kutchery Road, Mylapore, Chennai, India _ 600 004
		corporate Office : 0'lst Floor, Block-3, My Home Hub, Madhapur, Hyderabad - sooog1. Telangana, India.
		Unaudited Financial Results For euarter and Three Months Ended On June 30. 20Zl
	clN: L72200TN1999PLc042730, Phone: +91-44-24616768 Fax: +g1-44-24617810, Email: investors@megasoft.com
Part
							(Rs) In Lakh
	Standalone Quarter Ended Year to date
	Particulars						Year ended
		30/06/2021	31/03/2021	30/a6/2020	30/06/202r	30/06/2020	3L/03/2D21
		(Una udited)	(Audited)	( Unaudited)	(Unaudited)	(Unaudited)	(Auditerd)
	Revenue from Operations
	Other lncome	395,3 1	391.7e	450.2	395.3 1	450.2	1.,646.6C
		376.87	282.01.	148.38	376.87	148.38	68t3.4
ill	Total Revenue (l + ll)	772,t8	679,77	598.61	772.L8	s98.61	2,333.0i
	E xpe n ses
a	Cost of materials consumed	4 4-l	20.87	6,70	4.41	6.70	45,95
b	Purchases of Stock-in-Trade
	Changes in inventories of finished
	goods, Stock-in-Trade and work-in
c	p rogress
d	Employee benefits expense	232.04	235.49	200.80	232.04	200.80	857.27
e	Finance costs	58.20	64.55	64.45	58.2(	64.45	273.69
	Depreciatlon and amortisation
f	ex pe n5e	77.57	83,5 1	94.24	77.57	94.24	343 30
c	Other expenses	169.9!	293.64	12s.0(	1 69.9S	125.06	67 4.77
	Total Expenses (lV)	542.2)	698.0(	qJr,z:	542.27	49L.25	7,L941.9t
	Profit/ (Loss) before exceptional
	items and tax (lll - lV)	229.9L	(18,2e)	107.36	229,91	t07.36	138r.0,::
	Exceptional iter;rs
vtl	Profit/ (Loss) after exceptional
	items and before tax (V - Vt)	229.97	(18.29)	t07,36	229.9L	LO7.36	138.0:
vitl	Tax expense:
a	Current tax		(e.oo)
b	Deferred tax		(0.8s)
IX	Total tax expenses		(s,8s)				(0.8s)
							(0.8s
	Net movement in regulatory
	deferral account balances related
	to profit or Ioss and the related
	deferred tax movbment
X
XI	Profit (Loss) for.the period from
	:ontinuing operations (Vll-lX+X)	229,97	(8.44	107,3(	229.9t	107.36	138,8tr
	Profit/(loss) from discontinued
xil	op e ra tion s
	Tax expense of discontinued
xill	cperatlon5
						frfi}
	Profit/(loss) from Discontinueo
XIV	operations (after tax) (xll-xlll)

Regd. Office : 85, Kutchery Road, Mylapore. Chennai - 600 004. India. Tel . +91 (44) 246L 6768;

			----
			-ts
Share of profit (loss) of associates
and ioint ventures accounted for
t (Loss) for the period (Xl +
A 1. ltems that will not be
reclassified to profit or loss:
2. Income tax relating to these
Items
B, 1. ltems that will be
reclassified to profit or loss:
2. Income tax relating to these
tlems
the year (XVl+XVll)
Total profit or loss, attributable
to
Profit/loss attributa ble to owners
Total profit/loss attributable to
non-controlline interests
Total Comprehensive income for
Comprehensive income for the
period attributable to owners of
Total comorehensive income for
the period attributable to owners
non-controlling interests
Paid-up equity share capital
(face value of the share shall be
Details of debt securities
R€serves excluding revaluation
Earnings per equity share for
Basic earnings (loss) per share
Diluted earnings (loss) per share
Earnings per equity share for
Basic earnings (loss) per share
Diluted earnings (loss) per share

Access to the

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Basic earnings (loss) per share
from continuing and discontinued
operations	0.52	(0.02)	0.24	0.52	0.24	0.31
Diluted earnings (loss) per share
from continuing and discontinued
operations	0.52	(0.02)	0.24	0.52	0.24	0.31
Disclosure of notes on financial
XXVI results
						For Megasoft-kimited
				$\langle m \rangle$
						GV KUMAR
			rr			CEO & Managing Director
Date: 03.08.2021			ರಾ	S.
Place: Hyderabad			$\circ$ $\Lambda$	Z

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N.C. RAJAGOPAL & CO., CHARTERED ACCOUNTANTS

Partners:

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. SUMITHRA RAVICHANDRAN, B.Sc., F.C.A.

1. V. KRISHNASWAMY AVENUE. LUZ CHURCH ROAD, MYLAPORE. CHENNAI - 600 004.

V. CHANDRASEKARAN, B.Com., F.C.A. N. SUNDAR, B.Sc., F.C.A., DISA N.C. VIJAYKUMAR, B.Com., F.C.A., DISA ARJUN.S, B.Com., F.C.A.

Date:

Independent Auditor's Review Report On Standalone Unaudited Quarterly and Year to Date Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure 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 for the period ended 30th June, 2021. This statement is the responsibility of the Company's Management and has been approved by the Board of Directors. Our 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 obtain moderate 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 (Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement.

For N.C. Rajagopal & Co.,

Chartered Accountants

(Firm Regn No.: 003398S)

CHENNA 600 004 Aritin_S Partner Yered P

(Membership No.: 230448) UDIN: 21230448AAAADV6813

Place : Chennai Date $: 03 - 08 - 2021$

Phone 1 +91 44 2499 1569 / 2499 3056, 2499 1095 2498 7746 / 2498 6170 E-mail : ncrajagopal@gmail.com

Ref:

MEGASOFT TIAAITED

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Tel: +91 CIN : 172200TN1999P'1C042730 My Home Hub, lst Floor, Block-3, Madhapur, Hyderabad - 500081, Telangana, India. (40) 4033 0000; Fax : +91 (40).1013 3555 website : www.meqasoft.com

	Profit/(loss) from discontinued
xil	operations
	Tax expense of discontinued
xill	operations
	Profit/(loss) from Discontinued
XIV	operations (after tax) (xll-xlll)
	Share of profit (loss) of associates and joint ventures accounted for
	using equitv method
XV	Profit (Loss) for the period (Xl +
XVI	xrv+xv)	L64.25	18.58	76.70	L64.25	76.70	184.81
XVII	Other Comprehensive Income
	A 1. ltems that will not be
	reclassified to profit or loss:
	(i)Remeasurement of post
	emplovment benefit oblieations		(5.55)				(6.661
	(il) changes in revaluation surplus
	2. Income tax relating to these
	items
	B. 1. ltems that will be reclassified
	to profit or loss:
	2. Income tax relating to these
	items
	Total Comprehensive income for
XVIII	the year (XVl+XVll)	L64.25	L2.O2	75.70	L64.25	76.7C	L78.L5
XIX	Total profit or loss, attributable to
	Profit/loss attributable to owners of
	pa rent Total profitlloss attributable to non
	controlling interests
	Total Comprehensive income for
XX	the period attributable to
	Comprehensive income for the
	period attributable to owners of
	oa rent
	Total comprehensive income for the
	period attributable to owners of
	parent non-controlling interests
	Details of equitv share capital
XXI 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
	b indicated)	10.00	10.00	10.00	10.00	10.00	10.00
	XXII Details of debt securities
	Reserves excluding revaluation
	XXIII reserve	7,140.82	6,964.53	6,908.54	7,140.82	6,908.54	6,964.53
	XXIV Debenture redemption reserve
XXV	Earnings per share:
	Earnings per equity share for
$\mathsf{a}$	continuing operations
	Basic earnings (loss) per share from
	continuing operations	0.37	0.04	0.17	0.37	0.17	0.42
	Diluted earnings (loss) per share
	from continuing operations	0.37	0.04	0.17	0.37	0.17	0.42
	Earnings per equity share for
	b discontinued operations
	Basic earnings (loss) per share from
	discontinued operations
	Diluted earnings (loss) per share
	from discontinued operations
$\mathsf{c}$	Earnings per equity share
	Basic earnings (loss) per share from
	continuing and discontinued
	operations	0.37	0.04	0.17	0.37	0.17	0.42
	Diluted earnings (loss) per share
	from continuing and discontinued
	operations	0.37	0.04	0.17	0.37	0.17	0.42
	Disclosure of notes on financial
XXVI	results
							For Megasoft Limited
					$\circ$
		$\mathcal{L}_{2}$ $\tilde{\circ}$ $\alpha$
					ෆ	Ω	GV KUMAR
					la		CEO & Managing Director
Date: 03.08.2021
Place: Hyderabad

$\overline{\phantom{a}}$

NOTES:

• L. The above results were reviewed by the Audit I Risk & Compliance Committee and approved by the Board of Directors at their meeting on August 03,2021.
• 1. The Company has a single reportable segment, that of telecom and has been disclosed in accordance with SEBI (LODR) regulation, 20L5.
• 1. Previous periods' figures have been rearranged wherever necessary to conform to the current period classifications/ d isclosures.
• 1. 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/investcr-services.html and also on the websites of the stock exchanges i.e. UIWW. bse i rldta.esr* a nd www" nsei nd ia.co rn.

N.C. RAJAGOPAL & CO., CHARTERED ACCOUNTANTS

Partners:

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. SUMITHRA RAVICHANDRAN, B.Sc., F.C.A.

1. V. KRISHNASWAMY AVENUE LUZ CHURCH ROAD, MYLAPORE CHENNAI - 600 004.

V. CHANDRASEKARAN, B.Com., F.C.A. N. SUNDAR, B.Sc., F.C.A., DISA N.C. VIJAYKUMAR, B.Com., F.C.A., DISA ARJUN.S, B.Com., F.C.A.

Ref:

Date:

Independent Auditor's Review Report On Consolidated unaudited quarterly and year to date financial results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Review report to Board of Directors of Megasoft Limited

1. We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of Megasoft Limited ('The Company') ("the Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group"), for the quarter ended 30th June, 2021 and for the period from 1st April, 2021 to 30th June, 2021 ("the Statement"), being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. Attention is drawn to the fact that the consolidated figures for the corresponding quarter ended 30th June, 2021 and the corresponding period from 1st April, 2021 to 30th June, 2021, as reported in these financial results have been approved by the Parent's Board of Directors, but have not been subjected to review.

2. This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.

3. 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. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

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

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

2. a. Megasoft Consultants SDN BHD

3. b. XIUS Holding Corp
4. c. XIUS Corp
5. d. XIUS DE RL DE CV

1. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting 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 Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

2. 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. 1150.28 lakhs and total net profit/(loss) after tax of Rs. (65.66) Lakhs and total comprehensive income / (loss) of Rs. (65.66) lakhs, for the quarter ended 30^th June, 2021, and for the period from 1^st April. 2021 to 30th June, 2021 respectively. The consolidated unaudited financial results also includes the Group's share of net profit/(loss) after tax of Rs. (65.66) lakhs for the quarter ended 30^th June, 2021 and for the period from 1st April, 2021 to 30th June, 2021. These interim financial results and other information of foreign subsidiaries have been reviewed by other Auditors whose reports have been furnished to us by the management and our conclusion on the 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 stated in paragraph 3 above.

Our conclusion on the Statement is not modified in respect of the above matter.

Place : Chennai Date $: 03 - 08 - 2021$

For N.C. Rajagopal & Co., Chartered Accountants, (Fight Regn No.: 003398\$) CHENNAI 600 004 lın S Partner Yorad A

(Membership No.: 230448) UDIN:21230448AAAADW2237