SIGMA SOLVE LIMITED — Audit Report / Information 2021

Jun 30, 2021

To, Date: 30% June, 2021

The Manager Listing Department National Stock Exchange of India Limited Exchange Plaza, Bandra-Kurla Complex Bandra (E), Mumbai- 400 051, Maharashtra, INDIA

Scrip Code: SIGMA

Subject:- Submission of Audited Standalone and Consolidated Financial Results of the Company for the Half Year and Financial Year Ended 31% March,2021

Dear Sir/Ma'am,

With reference to above, we are pleased to submit herewith, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Audited Standalone and Consolidated Financial Results of the Company for the half year & financial year ended 3ist March, 2021. Further note that the Statutory Auditors, i.e. M/s. A Y & Company, Chartered Accountants (Firm Regn. No.: 020829C), of the Company have issued audit reports with un-modified/ un-qualified opinion in this regards, reviewed by the Audit Committee and subsequently approved by the Board of Directors of the Company at their respective meetings held on 30% June, 2021.

You are requested to take note of the same.

Thanking you. Yours faithfully, FOR, SIGMA SOLVE ol.

Vo alec)

Prakash R Parikh Managing Director DIN: 03019773

Encl.:A/a

SIGMA SOLVE LIMITED

305-308 Alpha Megacone House, Opp. Armieda, Nr. GTPL Building, Sindhu Bhavan Road, 5.G. Highway, Anmedabad-380054

Ph. +91 9898095243, 079-29708387 CIN Number:- U722006420+6PI¢960478 L72200G]2019PLC060478

To, Date: 30th June, 2021

The Manager Listing Department National Stock Exchange of India Limited Exchange Plaza, Bandra-Kurla Complex Bandra (E), Mumbai- 400 051, Maharashtra, INDIA

Scrip Code: SIGMA

DECLARATION

SIGMA SOLVE

ENTERPRISE SOFTWARE SOLUTIONS

I, Prakash Ratilal Parikh, Managing Director of M/s. Sigma solve Limited having its registered office at 305-308, Alpha Megacone House Opp. Armieda, Nr. GTPL Building, Sindhu Bhavan Road, S.G. Highway, Ahmedabad-380054 do hereby declare that, the Statutory Auditors of the Company, M/s. A Y & Company, Chartered Accountants (Firm Regn. No.: 020829C) of Ahmedabad have issue an Audit Report with un-modified/ unqualified opinion on annual audited standalone financial results for the year ended March 31, 2021. :

This declaration is issued in compliance of Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 as amended by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2016,

Thanking you. Yours faithfully, FOR, SIGMA SOLVE LI

froleot Prakash R Parikh

Managing Director DIN: 03019773

SIGMA SOLVE LIMITED

305-308 Alpha Megacone House, Opp. Armieda, Nr. GTPL Building, Sindhu Bhavan Road, S.G. Highway, Anmedabad-380054 Ph. +91 9898095243, 079-29708387

AY & COMPANY Chartered Accountant

Independent Auditor's report on Standalone Financial Results of Sigma Solves Limited for the Half Year and year ended March 31, 2021 pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

INDEPENDENT AUDITOR REPORT

To

The Board of Directors of Sigma Solve Limited

Opinion

We have audited the accompanying statement of Standalone Financial Results ("the Statement") of Sigma Solve Limited (hereinafter referred to as "the Company") for the Half Year and year ended March 31, 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, the aforesaid year to date Standalone financial results:

• (i) are presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended in this regard; and;
• (ii) give a true and fair view in conformity with the aforesaid Accounting Standards and other accounting principles generally accepted in India of the net profit and other financial information of the Company for the year ended March 31, 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 Standalone Financial Results under the provisions of the Act 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 on the Standalone Financial Results.

Management's and Board of Directors' Responsibilities for the Standalone Financial Results

fe

These Standalone Financial Results have been prepared on the basis of the standalone financial statements.

The Company's Management and the Board of Directors are responsible for the preparation Standalone Financial Results that give a true and fair view of the net profit/loss and other ordance with the recognition and measurement jon 133 of the Act and other accountin CSOMR and presentation of these financial information in principles laid down in Accounting Standards prescribed under g principles generally accepted in India and in compliance with Regulation

i) Corporate Office - 404, ARG Corporate Park, Gopalbari f Ajmer Road, Jaipur - 302006, Rajasthan, India Tel No. + 91-0141-4037257, +91-8003056441, +91-9649687300 Email Id - info@aycompany.co.in

33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act; 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 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 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 Management and 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 concem 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 is 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:

• e Identify and assess the risks of material misstatement of the financial statements, 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.
• e Obtain an understanding of internal financial controls 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 such controls.
• e Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Management and Board of Directors.
• e Evaluate the appropriateness and reasonableness of disclosures made by the Board of Directors in terms of the requirements specified under Regulation 33 of the Listing Regulations.
• e Conclude on the appropriateness of Management and 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 statements 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 financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation,
• ¢ Obtain sufficient appropriate audit evidence regarding the Standalone Financial Results of the Company to express an opinion on the Standalone Financial Results.

Materiality is the magnitude of misstatements in the Standalone Financial Results that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Standalone Financial Results may be influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the Standalone Financial Results.

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.

Other Matter

The Standalone Financial Results include the results for the half year ended March 31, 2021 being the figures provided by the management from their books of accounts.

For, WSAY &CO Chartered Accountants F.R.N: - 020829C

nar Arpit Gupta Partner M.NO.-421544 UDIN — 21421544AAAABM6619

Date: June 30, 2021 Place - Ahmedabad

SIGMA SOLVE LIMITED

CIN No: L72200GJ2010PLC060478

305-308, 3rd floor, Alpha Megacone House, Opp. Armieda, Sindhu bhavan Road, 8 G Highway, Ahmedabad, Gujarat - 380054 India, Email; cshah@sigmasolve.net

Statement of Audited Standalone Financial Results for the half year and year ended on March 31, 2021 Pursuant

	SIGMA SOLVE LIMITED
	CIN No: L72200GJ2010PLC060478
	305-308, 3rd floor, Alpha Megacone House, Opp. Armieda, Sindhu bhavan Road, 8 G Highway, Ahmedabad,
	Gujarat - 380054 India, Email; cshah@sigmasolve.netStatement of Audited Standalone Financial Results for the half year and year ended on March 31, 2021 Pursuant
				(Amount in Lakhs)Year to date
	Particulars	Half Year Endedon 31/03/2021	Year to dateHeures tor yearended 31/03/2021	figures forY¢2" ended
				31/03/2020
		Audited
			Audited _	Audited
I	INCOME FROM OPERATIONS Revenue from Operations	383.59	:749.41	$53.92
II	Other Income	27.68	30.20	15.46
Tl	Total Income from Operations	411.27	779.61	569.38
_	IV_ EXPENSES Cost of Material Consumed	=	-	=
	Purchase of Stock in Trade	-	-	-
	Change in inventories of Finished Goods, WIP & Stoc	-	-	-
	Employee benefit expensesFinance Cost	287.000.08	553.360.16	364.990.27
	Depreciation & Amortization Expense	2.90	5.55	7.48
	Other ExpensesTotal expenses (IV)	58.92348.89	92.55651.62	109.75482.49
V_{IVv)	Profit/(loss) before Exceptional Items & Tax (III	62.38	127.99	86.89
VI	[Exceptional Items.	:	-	-
VIL	_ Profit/(loss) before tax (VILI-LX)	62.38	127.99	86.89
	X__ Tax Expenses1 Current Tax	16.95	32.76	22.36
	2 Deferred Tax	0.03	0.27	(0.13)
	Total Tax Expenses (XI)	16.98	33.03,	22.23
XI	Profit/(Loss) after Tax (X-XD)	45.39	94.96	64.66
XIL_	[Paid up Equity Share Capital	411.10	411.10	301.00
XIIL	Reserves & SurplusXIV_ Earnings per equity share	545.58	545.58	65.27
	(1) Basic	1.13	2.70	2.45

For Sigma Solve Limited

¥ oof

Prakash Ratilal Parikh Chairman Cum Managing Directo DIN : 03019773

Place : Ahmedabad Date: June 30, 2021

SOL
305-308, 3rd floor, Alpha Megacone House,:- 380054	Armieda, Sindhu bhavan Road, 8 G Highway, Ahmedabad,
	as at3
Particulars	As at March 341, 2021(Amount in Lakhs)	As at March 31, 2020(Amount in
	Audited
The above Audited Financial Results have been reviewed by the Audit Committee and approved by the Board of
of the Company at theirivemeeting held on June 30, 2021
the:the
	necessary to	to.
the Company's Business activities fall within single primary business segment viz. it services & consulting segment
in the opinion of the management there does not exist Separate reportable segment, the disclosure requirement of the
Standard 17-"Segment Reporting", issued by the Institute of Chartered Accountants of India are not
The Company has made an Initial Publie Offering (IPO) of i 101000 equity shares of face value of Rs 10/- each fully
for acash at a price of Rs.45/- per equity share {including share premium of Rs.35/- per equity share) agoregaling to
Rs.493.45/- Lakhs. The afore mentioned equity shares were allotted on Sth October,2020, The equity shares of the
Company got listed on NSE Emerge Platform on October 19,2020, Further the management hereby inform the exchange
that as the Company was not listed in the 1st Half of FY. 2020-2021 , due to which the company has not presented the
resultsie.
For Sigma Solve Limited

For Sigma Solve Limited AtfteS RBS

Prakash Ratilal Parikh Chairman Cum Managing Director DIN : 03019773

Place : Ahmedabad Date z June 30, 2021

Standalone Statement of Cash Flows for the year Ended on March 31, 2021

Alpha Megacone House, Opp. Armieda, Sindhu bhavan Road, S G Highway, Ahmedabad, Gujarat - 380054India, Email; cshah@sigmasolve.netStandalone Statement of Cash Flows for the year Ended on March 31, 2021
Cash flow statement as at	31 March 2021(Amount in Lakhs)	31 March 2020(Amount in Lakhs)
Cash flow fromoperating activitiesNet Profit before tax and extraordinary items
adjustment to reconcile profit before tax to net cash flows	127,99
	3:55
Income	(13.49)(14.85)
Cost	0.16
profit before Working Capital changesCapital	105.37
in Trade Payables	(62.60)(24.35)	86.89TAB(0.06)(8.32)0.27$6.25(37.15)22.84
in Other current Liabilitiesin Trade receivables	0.71	26,33
in Short term Loans and advances	(38.14)(0.10)
in Other Current Assetsfrom operations	(0.71)	5.00
Refund	42.77	49.10
flow from / (used in) Operating activities (A)	(35.36)7.41	28.60
from/(used in) Investing Activities
of Non Current Investement (net of Sales)	(4.28)(489.17)	(166.45)
	13.49
Long Term Loans & Advances	14.85	8.32
other Non Current Assets	(4.09)(17.56)
(used in) investing activities (B)(used in) Financing Activities	(486.76)	(185.01)
	(0.16)
of Share Capital	110.10	(0.27)200.00
Non-CashDepreciationInterest ReceivedInvestmentFinanceOperatingChange in WorkingIncrease/(Decrease)Increase/(Decrease)Decrease/(Increase)Decrease/(Increase)Decrease/(Increase)Cash generatedIncome Tax(Paid)/Net CashCash FlowPurchase of Fixed AssetsPurchaseInterest receivedInvestment IncomeIncrease inIncrease inNet CashCash Flow from/Finance CostProceeds from IssueProceeds fromSecurity PremiumIncrease/ (Repayment)of Short term Borrowings	385.35	(83.29)(8.03)(20.51)(4.15)0.06"(1.22)(21.57)-
Increase in/ (Repayment)of Long term Borrowings	(14.49)(0.29)	(41.66)
/ (used in) financing activities (C)	480.51	(1,39)156.68
Net Cash flow fromNet Increase/ (Decrease) in Cash and Cash Equivalents (A+B+C)Cash and CashEquivalents at the beginning of the yearCash and Cash Equivalentsat the end of the year	1.152.06	0.271.79

For Sigma Solve Limited

fn o4¢_o

Prakash Ratilal Parikh ; Chairman Cum Managing Directo™ DIN : 03019773

Place: Ahmedabad Date: June 30, 2021

AY & COMPANY Chartered Accountant

Independent Auditor's Report on Consolidated Financial Results of Sigma Solve for the Half Year and year ended March 31, 2021 pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

INDEPENDENT AUDITOR'S REPORT

To

The Board of Directors of Sigma Solve Limited

Opinion

We have audited the accompanying statement of Consolidated Financial Results ("the Statement") of Sigma Solve Limited (hereinafter referred to as Holding Company) & its subsidiary (holding company and its subsidiary together referred to as "the Group") for the Half Year and year ended March 31, 2021, attached herewith, being submitted by the Group 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, the aforesaid year to date consolidated annual financial results:

(i) Includes the financial results of following entity:-

Name of Entity	Relationship
Sigma Solve Inc (Incorporated in USA)	Subsidiary Company

• (ii) are presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended in this regard; and;
• (iii)give a true and fair view in conformity with the aforesaid Accounting Standards and other accounting principles generally accepted in India of the net profit, and other financial information of the Group for the year ended March 31, 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 Consolidated Financial Results under the provisions of the Act 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 obtained by us and other auditors in terms of their reports erred to in "Other Matter" paragraph below, is sufficient and appropriate to provide a basis for our, opinion.

Corporate Office - 404, ARG Corporate Park, Gopalbari Ajmer Road, Jaipur - 302006, Rajasthan, India Tel No. + 91-0141-4037257, +91-8003056441, +91-9649687300 Email Id - info@aycompany.co.in

Management's and Board of Directors' Responsibilities for the Consolidated Annual Financial Results

These consolidated annual financial results have been prepared on the basis of the consolidated financial statements.

The Board of Directors & Management of Holding company are responsible for the preparation and presentation of these consolidated annual financial results that give a true and fair view of the net profit/loss and other financial information in accordance with the recognition and measurement principles laid down in Accounting Standards prescribed under Section 133 of the Act 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; 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 annual financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the consolidated annual financial results, the respective Board of Directors of the companies included in the group are responsible for assessing the Group's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concer basis of accounting unless the 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 Group's financial reporting process.

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 annual financial results.

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

• e Identify and assess the risks of material misstatement of the Consolidated Financial Statements, 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 financial controls 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 such controls.
• e Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Management and Board of Directors.
• ¢ Evaluate the appropriateness and reasonableness of disclosures made by the Board of Directors in terms of the requirements specified under Regulation 33 of the Listing Regulations.

• e Conclude on the appropriateness of Management and 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 Group'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 statements 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 Group to cease to continue as a going concern.
• e Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
• * Perform procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the Listing Regulations to the extent applicable.
• * 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 holding company of which we are the independent auditors. For the subsidiary company included in the consolidated Financial Results, which is audited by other auditor, such other auditor remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion.

Materiality is the magnitude of misstatements in the Consolidated Financial Results that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Consolidated Financial Results may be influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the Consolidated Financial Results.

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.

Other Matter

The Consolidated Financial Results includes financial results of subsidiary whose financial statements/results reflects total assets of Rs. 1511.49 Lakhs as at March 31, 2021, total Revenue of Rs. 1140.52 Lakhs & 2017.31 Lakhs, total net profit after tax 343.39 lakhs & 424.85 Lakhs, for the Half year and year ended on March 31, 2021 & net Cash flows was 326.72 Lakhs respectively which have not been subject to any statutory audit according to the laws and regulation of the respective country in which the same has been incorporated. The management's report on interim financial/Financial Results/financial information of subsidiary company has 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 subsidiary company is based solely on the report issued by management of holding company.

The consolidated annual financial results include the results for the quarter ended March 31, 2021 being figures provided by the management from their books of accounts.

For, WSAY &CO Chartered Accountants F.R.N: - 020829C

fe

Arpit Gupta Partner M.NO.-421544 UDIN — 21421544AAAABK9669 Date: June 30, 2021 Place: Ahmedabad

SIGMA SOLVE LIMITED

CIN No: L72200GJ2010PL:C060478

305-308, 3rd floor, Alpha Megacone House, Opp. Armieda, Sindhu bhavan Road, S G Highway, Ahmedabad, Gujarat - 380054 India, Email; cshah@sigmasolve.net

	SIGMA SOLVE LIMITED
	CIN No: L72200GJ2010PL:C060478305-308, 3rd floor, Alpha Megacone House, Opp. Armieda, Sindhu bhavan Road, S G Highway, Ahmedabad, Gujarat -
	380054 India, Email; cshah@sigmasolve.netStatement of Audited Consolidated Financial Results for the half year and year ended on March 31, 2021 Pursuant to
	regulation 33 of SEBI (LODR) Regulation, 2015
		aeoeeae	Year to datefigures for Year	Year to datefigures for
	Particulars	(Amountin Rs.)	ended ,, apn?	year ended
	INCOME FROM OPERATIONS	Audited	Audited	Audited
	I__ Revenue from Operations	1,161.74	2,115.31
	__ Other Income			1,044.57
		50.25__	34.28	52.49
Ill	Total Income from OperationsIV_ EXPENSES	1,211.99	2,149.60	1,097.06
	Cost of Material Consumed	-	=	-
	Purchase of Stock in Trade	-	-	:
	Change in inventories of Finished Goods, WIP & Stock in J	3	-	:
	Employee benefit expensesFinance Cost	475,010.58	964.110.66	655.576.46
	Depreciation & Amortization Expense	16.09	31.94	19.26
	Other Expenses	223.66	418.27	203.37
	Total expenses (IV)	715.34	1,414.98	884.66
	V__ Profit/(loss) before Exceptional Items & Tax (I1I-TV)
	*VI Exceptional Items	496.65:	734.62-	212.40
	VIL_ Profit/(loss) before tax (VIII-IX)	496.65	734.62	212.40
	X__ Tax Expenses1 Current Tax
	2 Deferred Tax	16.950.03	32.760.27	22.36(0.13)
	2 Federal Tax of Subsidiary Company	90,89	181.78	:
	Total Tax Expenses (XI)	107.87	214.81	22,23
XI	Profit/(Loss) after Tax (X-X1)	388.78	519.81	190.17
XIIl_	XIl_jd to Non Controlling Interest - (Transferred toMinorityAllocated to Owner of Parents (Transferd to Reserve &	168.12220.65	208,01311.80	43.34146.83
	XIV_ Paid up Equity Share Capital	411.10	411.10	301.00
XVI_	XV_ Reserves & Surplus[Earnings per equity share	964.57	964.57	267.41
	(1) Basic(2) Diluted	5.50	8.87_	5.57

For Sigma Solve Limited

fo ctese) Uf

Prakash Ratilal Parikh Chairman Cum Managing Direct DIN : USU19773

Place ; Ahmedabad Date: June 30, 2021

CIN No: L72200GJ2010PLC060478305-308, 3rd floor, Alpha Megacone House, Opp. Armieda, Sindhu bhavan Road, S G Highway,arat - 380054 India, Email; eshah@sigmasolve.netConsolidated Statement of Assets & Liabilities as at March 31 2021Asat1, 2021at1,ParticularsAuditedAuditedandund&InterestNon-current liabilitiesTerm ExhTerm LiabilitiesbilitiesTermtotalbcurrentassets:AssetsurrentTaxTerm& AdvancesAhave carried out theof theseinvestor1.2021onfPrevious year's! period figures have been regrouped! reclassified/ restated, wherever necessary to confirm toof currentFor Sigma Solve Limitedhdtat Prakash Ratilal ParikhChairman Cum Managing Director	SOLVE
DIN : 03019773

SIGMA SOLVE LIMITED

CIN No: L72200GJ2010PLC060478

305-308, 3rd floor, Alpha Megacone House, Opp. Armieda, Sindhu bhayan Road, S G Highway, . Ahmedabad, Gujarat - 380054 India, Email; cshah@sigmasolve.net Consolidated Statement of Cash Flows for the year Ended on March 31, 2021

	SIGMA SOLVE LIMITEDCIN No: L72200GJ2010PLC060478
305-308, 3rd floor, Alpha Megacone House, Opp. Armieda, Sindhu bhayan Road, S G Highway,
	Ahmedabad, Gujarat - 380054 India, Email; cshah@sigmasolve.net
Consolidated Statement of Cash Flows for the year Ended on March 31, 2021
Cash flow statement as at	31 March 2021	31 March 2020
	(Amount in Rs.)	(Amount in Rs.)
Cash flow from operating activities
Net Profit before tax and extraordinary itemsNon-Cash adjustment to reconcile profit before tax to net cash flows	734.62:	212.40
Depreciation	31.94	19.26
Investment Income	(15.64)	(8.32)
Interest Received	(12.70)	(0.06)
Finance CostOperating profit before Working Capital chat	0.66738.88	6.46229,73
Change in Working Capital	4,38	(251.63)
Increase/(Decrease) in Trade Payables	(24.35)	22.84
Increase/(Decrease) in Other current Liabilities	(15.21)	F217
Deecrease/(Increase) in Trade receivablesDecrease/(Increase) in Short term Loans and adv	44.76	(343.61)
Decrease/(Increase) in Other Current Assets	(0.10)(0.71)	5.00(8.03)
Cash generated from operations	743.26	(21.90)
Income Tax(Paid)/ Refund	(217.14)	(20.51)
Net Cash flow from / (used in) Operating actiCash Flow from/(used in) Investing Activities	526.12	(42,41)
Purchase of Fixed Assets	(61.09)	(41.59)
Capital Reserve on Consolidation	-	119.97
Minority Interest	-	315.80
Sales of Investement (net of Purchases)	(489.17)	42.80
Investment IncomeInterest received	15.6412.70	8.320.06
Increase in Long Term Loans & Advances	(4.09)	(1.22)
Increase in other Non Current Assets	(17.56)	(21.57)
Net Cash (used in) investing activities (B)	(543.57)	422.57
Cash Flow from/ (used in) Financing ActivitiesFinance Cost
Proceeds from Issue of Share Capital	(0.66)110.10	(6.46)200.00
Proceeds from Security Premium	385.35	-
Increase/ (Repayment) of Short term Borrowings}	(242.41)	188.87
Increase in/ (Repayment) of Long term Borrowin	75.50	23.80
Net Cash flow from / (used in) financing activ
	327.87	406.21
Net Increase / (Decrease) in Cash and Cash E:Cash and Cash Equivalents at the beginning of tH	310.42788.17	786.381.79

For Sigma Solve Limited

r, o cok (2

Prakash Ratilal Parikh b Chairman Cum Managing Director DIN : 03019773

Place : Ahmedabad Date: June 30, 2021