SoftTech Engineers Limited — Regulatory Filings 2022

Nov 10, 2022

Date: 10th November, 2022

To,

National Stock Exchange of India Limited	BSE Limited
"Exchange Plaza", C-1, Block – G	Floor 25, Phiroze Jeejeebhoy Towers
Bandra – Kurla Complex	Dalal Street,
Bandra (East), Mumbai – 400051	Mumbai – 400001
Symbol: SOFTTECH	Scrip Code: 543470

Dear Sir/ Madam,

SUBJET: Outcome of Board Meeting held on Thursday, 10th November, 2022 as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Pursuant to Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform that the Board of Directors of the Company at its meeting held on Thursday, 10th November, 2022 which commenced at 2:30 PM and concluded at 3:45 PM have considered and approved the following matters:

• 1. The Board of Directors considered and approved Unaudited Standalone and Consolidated Financial Results of the Company along with limited review report thereon from Statutory Auditors for the quarter and half year ended on 30th September, 2022.
• 1. The Board took on record resignation tendered by Ms. Aishwarya Patwardhan from the position of the Company Secretary and Compliance Officer of the Company, with effect from 25th November, 2022.

Ms. Akancha Bhadani (ICSI membership No. ACS - 69670) shall act as the Compliance Officer of the Company with effect from 25th November, 2022 till new Company Secretary & Compliance Officer is appointed by the Board.

Brief Profile: Ms. Akancha Bhadani has completed her graduation in commerce and Associate Member of The Institute of Company Secretaries of India. She is associated with SoftTech Engineers Limited since 9th May, 2022.

• 1. The Board of Directors have considered and approved allotment of 1,266 fully paid equity shares to the employees, against exercise of stock options earlier granted to them under SoftTech Employees Stock Option Plan 2017.
• 1. The Board of Directors considered and approved appointment of Mr. Garth Brosnan as a Nominee Director of RIB ITWO Software Private Limited with effect from the date of approval of his Director Identification Number (DIN).

Term of appointment: RIB ITWO Software Private Limited has right to appoint, remove or replace Nominee Director till the last repayment date of the Facility amount by the Company

Disclosure of relationships between directors: None of the Directors are related to Mr. Garth Brosnan

Brief profile:

Mr. Garth Brosnan is registered with the South African Institute of Chartered Accountants. Currently he is working with RIB Software Gmbh as Finance Business Partner International and is responsible for the entire finance and admin function within the international region (MEA, EAJ and Pacific) of RIB Software Group. He has an experience of 18+ years working in Finance, HR and Admin fields. He'll act as a Nominee Director appointed by RIB ITWO Software Private Limited on the Board of the Company.

For SoftTech Engineers Limited

AISHWARYA SHASHANK	Digitally signed by AISHWARYA SHASHANK PATWARDHAN DN: c=IN. st=Maharashtra. 2.5.4.20-cad038fb8561ca39cb3ad3ad91c1b91179dec1 29d698e461b703839d6261e6bd.postalCode=416416. street-T 1 RAJAS HIGHTS APARTMENTS MANISHA STATE BANK COLONY SAHYADRI NAGAR SANGLI. pseudonym=50afed72369ea8a15ae6a49f56a80857,
PATWARDHAN	serialNumber=02e73c7ed8a29067632e4864c7fc7282b a75c9e5c7a7e1a4c555213517178b0b.o-Personal. cn=AISHWARYA SHASHANK PATWARDHAN Date: 2022 11 10 15:54:01 +05'30'

AISHWARYA PATWARDHAN COMPANY SECRETARY

LLPIN: AAT-9949 Dr. Pai Marg, Baner, Pune – 45 Tel (O): 020 – 27290771/1772/1773 Email: pgb@pgbhagwatca.com Web: www.pgbhagwatca.com

Independent Auditors' Review Report

on the unaudited quarter and half year ended standalone financial results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

To,

The Board of Directors SoftTech Engineers Limited (SEL) SoftTech Towers, S. No. 1/1A/7 8 15 16 17, Plot No. B, C, D, Baner, Baner Road, Pune- 411045

• 1. We have reviewed the accompanying statement of unaudited standalone financial results of SoftTech Engineers Limited ("the Company") for the quarter and half year ended 30 September 2022 ("the Statement"), being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), ("the Listing Regulations").
• 1. This Statement, which is the responsibility of the Company's Management and approved by the Company'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.
• 1. 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.

P G BHAGWAT LLP Chartered Accountants LLPIN: AAT-9949

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 Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For P G BHAGWAT LLP

Chartered Accountants Firm's Registration Number: 101118W/W100682

Abhijeet Bhagwat Partner Membership Number: 136835 UDIN: 22136835BCSLAI5338

Pune November 10, 2022

SoftTech Engineers Limited

CIN: L30107PN1996PLC016718 Registered Office: SoftTech Towers, S.No. 1/1A/7 8 15 16 17, Plot No. B,C,D, 1-Baner, Opp. Royal Enfield Showroom, Baner Road, Pune: 411045. Website: www.softtech-engr.com, Email: enquiries@softtech-engr.com, Telephone: +91-2067183711

STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2022

						(Rs. in Lakhs)
	Quarter Ended			Half Year Ended		Year Ended
Particulars	September 30 2022	June 30 2022	September 30 2021	September 30 2022	September 30 2021	March 31 2022
	Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
Income
Revenue from operations	1,717.92	1,213,86	1,542.42	2,931.79	2.644.17	5.745.67
Other income	49.42	45.14	96.59	94.56	111.36	197.20
Total Income	1,767.34	1,259.00	1,639.01	3.026.35	2.755.53	5,942.87
Expenses
Purchase of stock-in-trade	229.02	116.65	108.15	345.67	194.88	617.32
Employess benefit expenses	408.84	377.62	356.54	786.45	616.75	1.262.81
Finance cost	92.65	71.93	74.73	164.58	139.42	286.44
Depreciation and amortization expenses	254.17	250.98	180.03	505.15	366.83	764.24
Other expenses	549.73	333.52	710.10	883.26	1.094.51	2.238.45
Total Expenses	1,534.41	1,150.70	1,429.55	2,685.11	2,412.39	5,169.26
Profit before tax	232.94	108.30	209,46	341.24	343.14	773.61
Tax expense
Current Tax	77.32	37.09	59.32	114.41	94.00	193.77
Deferred Tax	(18.66)	(10.05)	(3.02)	(28.71)	(3.82)	2.27
Total tax expense	58.66	27.04	56.30	85.70	90.18	196.04
Profit after tax [A]	174.28	81.26	153.16	255.54	252.96	577.57
Other comprehensive income Items that will not be reclassified to profit or loss
Remeasurements of post employment benefit obligations	6.88	5.73	11.45	12.60	11.45	22.90
Income tax relating to these items	(1.73)	(1.44)	(2.88)	(3.17)	(2.88)	(5.76)
Other comprehensive income for the year, net of tax [B]	5.15	4.28	8.57	9.43	8.57	17.14 $-4.4$
			161.73		261.53	594.71
Total comprehensive income for the year [A+B]	179.43	85.54		264.97
Earnings per share of face value Rs. 10/- per share (not annualised for the quarter ended)
Basic earnings per share	1.72	0.80	1.61	2.52	2.67	5.89
Diluted earnings per share	1.72	0.80	1.61	2.52	2.67	5.89

Vijay Gupta Managing Director DIN: 1653314 Place: Pune Date: 10th November 2022

SoftTech Engineers Limited CIN: 130107PN1996P1C01671 8

Registered Office: SofiTech Towers, S.No. 1/1Al7 I 15 16 t7, Plot No. B,C,D, 1-Baner,

Opp. Royal Enfield Showroom, Baner Road, Pune: 4'11045. Website: www.softtech-engr.com, Email: enquiries@softtech-engr.com, Telephone: +91-2067183711

Particulars As at As at March 31 2022 September 30 2022 ASSETS Property, plant and equipment 433.83 474.98 356.82 Right-of-use assets 300.71 2,105.43 Cther intangible assets 2,367.01 377.70 lntangible assets under development 1,045.63 -inancial assets lnvestments 613.57 342.85 Other financial assets 1,214.67 1,027.57 lncome tax assets (net) 286.84 275.22 Deferred tax assets (net) 97.73 123.27 Cther non-current assets 265.77 234.81 fotal non-current assets 6,389.72 5,554.69 Current assets Financial assets lnvestments 0.00 556.91 Trade receivables 2,907.77 3,306.31 Cash and cash equivalents 2.46 63.08 Contract assets 4,500.12 4,669.61 Other financial assets 28.66 39.96 Other current assets 335.20 85.63 Total current assets 8,353.55 8,142.17 fotal assets 14,743.27 1 3,696.86 EQUITY AND LIABILITIES Equity Equity share capital 1,015.48 1,015.48 Other equity Reserves and surplus 7,817.72 8,082.69 8,082.69 7,817.72 Total Equity 8,833.20 9,098.1 7 LIABILITIES Non-current liabilities Financial Liabilities 1,610.69 Borrowings 1,427 .10 Lease liabilities 239.98 126.12 Other financial liabilities 39.35 97.62 Provisions 100.82 95.44 Total non-current liabilities 1,751.66 1,985.46 Current Liabilities Financial Liabilities Borrowings 2,179.77 1,498.20 Lease liabilities 169.91 114.82 Trade payables Tbtal outstanding dues of micro and small 21.70 25.12 Total outstanding dues of creditors other than nJigro and small enterprises 1,083.37 885.90 Other fi nancial liabilities 274.59 196.34 Other current liabilities 96.13 93.37 64 45 Provisions 67.97 Total current Iiabilities 3.893.44 2.878.20 Total liabilities 4,863.66 5,645.1 0 Total equity and liabilities 1 3,696.86 14,743.27	STANDALONE STATEMENT OF ASSETS AND LIABILITIES		tn

,irr;rl" a-Y

Managing Director DIN : 1653314 Place: Pune Date: 'loth November 2022

SoftTech Engineers Limited

CIN: L30107PN1996P1C016718

Registered Office: SoftTech Tovvers, S.No. 1/1Al7 8 15 16 17, Plot No. B,C,D, 1-Baner,

Opp. Royal Enfield Showroom, Baner Road, Pune: 41'1045.

Website: www.softtech-engr.com, Email: enquiries@softtech-engr.com, Telephone: +91-206718371 ¹

Standalone Statement of Gash flows for the period ended 30 September 2022 (Rs. in Lakhs)

Particulars	Half Year Ended	Half Year Ended
	Unaudited	Unaudited
	30 September 2022	30 September 2021
Cash flow from operating activities
Net profit before tax	341.24	343.14
Adjustments for
Depreciation and amortisation expense	505.1 5	366.83
Provision for doubtful debts net of reversal	16.30	(51.27)
Changes in fair value of financial assets at fair value through profit or loss	3.50
Unwinding of discount on security deposits	(2.43)	(2.21)
Dividend and interest income classified as investing cash flows	(38.07)	(2e.54)
Finance cost	164.57	139.42
Net exchanqe differences	(5.14\	(o 74\
Cash qenerated from operations before workinq capital chanqes	975.r 3	765.64
Change in operating assets and liabilities
(lncrease)/Decrease in trade receivables	(419.98)	488.29
lncrease/(Decrease) in trade payables	192.12	(206.1 9)
(lncrease)/Decrease in contract assets	(169.49)	(335.88)
(lncrease)/Decrease in oiher current asset	0.32	(76.22)
(lncrease)/Decrease in other financial assets	(2e.85)	(23.19)
lncrease/(Decrease) in other non current assets	(280.86)	(4.31)
lncrease/(Decrease) in other financial liabilities	136.52	31.65
lncrease/(Decrease) in provisions	21 .50	23.50
lncrease/(Decrease) in other current Iiabiliiies	2.75	18.99
lncrease/(Decrease) in other bank balances		(49.55)
Cash qenerated from operations	428.17	632.72
lncome taxes paid	(123.96)	(200.79)
Net cash qenerated from operating activities	304.21	431.93
Cash flows from investing activities
Payments for property, plant and equipment	(12.77)	(1 08.20)
Payments for intangibles development costs	(801.45)	(560.51)
Purchase of long term investment	(250.58)	(e.ee)
Sale of current investment	553.41	239.85
Dividend income		9.15
lnterest income		5.22
lnvestment in fixed deposits with banks	fi so.ooi	(25.06)
Net cash (used in) investinq activities	(641.39)	(449.53)
Cash flows from financing activities
Proceeds from issues of shares		2.14
Proceeds from borrowings	697.42	201.80
' Repayment of borrowings	(199.44)	(41 .1 e)
Lease payments	(6e.80)	(51.62)
lnterest paid	(151.62\	(99.00)
Net cash qenerated from financinq activities	276.56	12.14
Net increase/ (decrease) in cash and cash equivalents	(60.62)	(5.46)
Cash and cash equivalents at the beqinninq of the financial vear	63 08	10.71
Cash and cash equivalents at the end of the vear	2.46	5.25

i,i

W

Vijay Gupta Managing Director DIN : 1653314 Place: Pune Date: 1Oth November 2022

LLPIN: AAT-9949 Dr. Pai Marg, Baner, Pune – 45 Tel (O): 020 – 27290771/1772/1773 Email: pgb@pgbhagwatca.com Web: www.pgbhagwatca.com

Independent Auditor's Review Report

on the unaudited quarter and half year ended consolidated financial results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

To The Board of Directors SoftTech Engineers Limited (SEL) SoftTech Towers, S. No. 1/1A/7 8 15 16 17, Plot No. B, C, D, Baner, Baner Road, Pune- 411045

• 1. We have reviewed the accompanying statement of unaudited consolidated financial results of SoftTech Engineers Limited ("the Holding Company") and its subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group"), for the quarter and half year ended 30 September 2022, ("the Statement"), being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) ("the Listing Regulations").
• 1. This Statement, which is the responsibility of the Holding Company's Management and has been approved by the Holding Company'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.
• 1. 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 SEBI Circular CIR/CFD/CMD1/44/2019 dated 29 March 2019 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:
• i. SoftTech Engineers Inc.
• ii. SoftTech Finland Oy
• iii. AmpliNxt Private Limited
• iv. SoftTech Government Solutions Inc (step down subsidiary)
• 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 Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.
• 1. The Statement includes the financial results/information of four subsidiaries which have not been reviewed by us, whose financial results reflect total assets of Rs. 352.35 Lakhs and net assets of Rs. 412.30 Lakhs as on September 30, 2022, total revenues of Rs. Nil Lakhs, total net loss after tax of Rs. 54.25 Lakhs, total comprehensive income of Rs. (54.27) Lakhs and net cash outflows 5.38 Lakhs of for the half year ended September 30, 2022. The financial results/financial information of these subsidiaries are Management drawn. According to the information and explanations given to us by the Management and in our opinion, these interim financial information/results are not material to the Group.

Our conclusion is not modified in respect of this matter with respect to our reliance on the financial information certified by the management.

For P G BHAGWAT LLP

Chartered Accountants Firm's Registration Number: 101118W/W100682

Abhijeet Bhagwat Partner Membership Number: 136835 UDIN: 22136835BCSLHK5102

Pune November 10, 2022

SoftTech Engineers Limited
CIN: L30107PN1996PLC016718

Registered Office: SoftTech Towers, S.No. 1/14/7 8 15 16 17, Plot No. B,C,D, 1-Baner,
Opp. Royal Enfield Showroom, Baner Road, Pune: 411045. Website: www.softtech-engr.com, Email: enquiries@softtech-engr.com, Telephone: +91-2067183711

STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED Sept 30 2022

						(Rs. in Lakhs)
Particulars		Quarter Ended		Half Year Ended		Year Ended
	September 30 2022	June 30 2022	September 30 2021	September 30 2022	September 30 2021	March 31 2022
	Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
Income
Revenue from operations	1,717.92	1.213.86	1,542.42	2.931.79	2,644.17	5,745.67
Other income	29.32	45.14	96.59	74.45	111.36	186.42
Total Income	1.747.24	1,259.00	1,639.01	3.006.24	2,755.53	5,932.09
Expenses
Purchase of stock-in-trade	229.02	116.65	108.15	345.67	194.88	617.32
Employess benefit expenses	411.73	381.39	358.02	793.12	634.77	1,316.63
Finance cost	92.84	72.32	74.74	165.16	139.43	287.48
Depreciation and amortization expenses	254.31	251.10	180,03	505.41	366.83	764.35
Other expenses	561.89	340.72	715.65	902.61	1.106.97	2,285.25
Total Expenses	1,549.79	1,162.18	1,436.59	2,711.97	2.442.88	5,271.03
Profit before tax	197.45	96.82	202.42	294.27	312.65	661.06
Tax expense					94.00	193.77
Current Tax	77.32	37.09	59.32 (3.03)	114.41 (28.71)	(3.82)	2.27
Deferred Tax	(18.66) 58.66	(10.05) 27.04	56.29	85.70	90.18	196.04
Total tax expense	138.79	69.78	146.13	208.57	222.47	465.02
Profit after tax [A] Other comprehensive income
Item that will be reclassified subsequently to profit or loss
Exchange differences on translation of foreign operations	(6.69)	(0.61)	(4.96)	(7.30)	(0.71)	(2.03)
Item that will not be reclassified to profit or loss
Remeasurements of post-employment benefit obligations	6.87	5.73	11.45	12.60	11.45	22.90
Income tax relating to these items	(1.73)	(1.44)	(2.88)	(3.17)	(2.88)	(5.76)
Other comprehensive income for the year, net of tax [B]	(1.55)	3.67	3.61	2.13	7.86	15.11
Total comprehensive income for the year [A+B]	137.25	73.45	149.74	210.70	230.33	480.13
Profit for the year attributable to:
-Owners of the Company	156,10	70.88	147.46	226,98	226,78	478.71
-Non controlling interests	(17.31)	(1.10)	(1.33)	(18.41)	(4.30)	(13.69)
Other comprehensive income (net of tax) attributable to:
-Owners of the Company	2.78	3.68	3.65	6.46	8.11	15.11
-Non controlling interests	(4.32)	(0.01)	(0.04)	(4.33)	(0.25)
Total comprehensive income for the year attributable to:
-Owners of the Company	158.88	74.56	151.11	233.44	234.89	493.82
-Non controlling interests	(21.63)	(1.11)	(1.37)	(22.74)	(4.55)	(13.69)
Earnings per share of face value Rs. 10/- per share (not
annualised for the quarter ended)
Basic earnings per share	1.54	0.70	1.55	2.24	2.40	4.89
Diluted earnings per share	1.54	0.70	1.55	2.24	2.39	4.88

Vijay Gupta
Managing Director
DIN : 1653314 Place: Pune Date: 10 November 2022

SoftTech Engineers Limited CIN: 130107PN1996PLC016718 RegisteredOffice: SoftTechTowers, S.No. 111A17815 16 17, PlotNo. B,C,D, 1-Baner, Opp. Royal Enfield Showroom, Baner Road, Pune:411045.

Website: www.softtech-engr.com, Email: enquiries@softtech-engr.com, Telephone: +91-2067183711

CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES		(Rs. in Lakhs)
Particulars	As At	As At
	September 30 2022	March 31 2022
ASSETS
Non-current assets
Property plant and equipment	435.59	475.64
Right-of-use assets	300.71	356.82
Other intangible assets	2,105.43	2,367.01
lntagible assets under development	1,045.63	377.70
Financial assets
lnvestments	ztoJo	4.73
Other financial assets	1,218.05	1,030,71
lncome tax assets (net)	286.84	275.22
Deferred tax assets (net)	123.27	97.73
Other non-current assets	265.77	234.81
Total non-current assets	5,997.65	5,220.37
Current assels
Financial assets
lnvestments	0.00	556.91
Trade receivables	3,306.31	2,907.78
Cash and cash equivalents	9.04	75.03
Contract assets	4,669.61	4,500.12
Other financial assets	4.88	4.88
Other cunent assets	?? 72	a5 67
Total current assets	8,326.s7	8,130.39
fotal assets	't4,324.22	13,350,76
EQUITY AND LIABILITIES Equity
Equity share capltal
Other equity	1 ,015.48	1 ,015.48
Reserves and surplus	7.688.32	7 A64 AR
Total equity attributable to owners of the Company	8,703.80	8,470.36
Non controlling interest	(52.79)	/30 05'
Total Equity	8,651.01	8,440.31
LIABILITIES
Non-current liabilities
Financial Liabilities
Bonowings	1,450.65	1,648.60
Lease liabilities	126.12	239.98
Other financial liabilities	97.62	?o ?E
Provisions	100.82	95.44
Total non-current liabilities	1,775.2'l	2,O23,37
Current Liabilities
Financial Liabiliiies
Bonowings	2,179.77	1,498.20
Lease liabilities	169.91	114.82
Trade payables
Total outstanding dues of micro enterprises and small
, enterprises
	21.70	25.12
Total outstanding dues of credilors other than micro
enterprises and small enterprises	1,087.23	893.53
Other financial liabilities	275.21	196.34
Other cunent liabilities	96.21	94.62
Provisions	67.97	64.45
Total current liabilities	3,898.00	2,887.08
Total liabilities	5,673.21	4,910.45
Total equitv & liabilities	14,324.22	1 3,350.76

Vijay Gupda ;-

Managing Director DIN : 16533'14 Place: Pune Date: 10 November 2022 SoftTech Engineers Limited

CIN: L30107PN1996PLC016718

Registered Office: SoftTech Towers, S.No. 1/1A/7 8 15 16 17, Plot No. B,C,D, 1-Baner, Website: vvww.softtech-engr.com, Email: enquiries@softtech-engr.com, Telephone: +91-2067183711

Consolidated Statement of Cash flows for the period ended 30 September 2022 (Rs. in Lakhs)

Particulars	Half Year Ended	Half Year Ended
	Unaudited	Unaudited
	30 September 2022	30 September 2021
Cash flow from operating activities
Net profit before tax	294.27	312.65
Adjustments for
Depreciation and amortisation expense	505.41	366.83
Provision for doubtful debts net of reversal	16.30	(51.5e)
Changes in fair value of financial assets at fair value through profit or
loss	3.50	(0.02)
Unwinding of discount on security deposits	(2.43)	(2.43)
Dividend and interest income classifled as investing cash flows	(38.07)	(2e.54)
Foreign currency transaltion reserve	7.30	0.71
Finance cost	165.16	139.43
Net exchanqe differences	5.01
Cash qenerated from operations before workinq caoital chanoes	956.45	736.03
Change in operating assets and liabilities (lncrease)/ Decrease in trade receivables
lncrease/ (Decrease) in trade payables	(419.85)	467.40
(lncrease)/Decrease in contract assets	181 .05 (16e.49)	(200.43) (335.88)
(lncrease)/ Decrease in other current asset	(251.06)	(76.22)
(lncrease)/ Decrease in other financial assets		(18.e0)
lncrease/(Decrease) in other non current assets	(18.e1 ) (30.e6)	(4.62)
lncrease/ (Decrease) rn other financial liabilities	137.13	31.65
lncrease/(Decrease) in provisions	21 .50	25.25
lncrease/(Decrease) in other current liabilities	1.59	16.95
Cash generated from operations	407.47	641.23
lncome taxes paid	(123.96)	(200.79
Net cash qenerated from operatinq activities	283.52	440.44
Cash flows from investing activities
Payments for property, plant and equipment	(13.37)	(117.17)
Payments for intangibles development costs	(801.45)	(560.51)
Purchase of long term investments	(21e.72)	(0.e0)
Sale of current investments	553.-41	250.85
Dividend income		9.15
lnterest income		5.22
lnvestment in fixed deposits with banks	(130.00)	(74,62\
Net cash (used in) investing activities	{61 1 .13)	(487.98)
Cash flows from financing activities
Proceeds from issues of shares		2.14
Proceeds from borrowings	683.07	238.93
Repayment of bonowings Lease payments	(199.44)	(41.1e)
lnterest paid	(6e.80) (52.21\	(51.62) (99.01)
Net cash qenerated from financinq activities
	261.62	49.25
Net increase in cash and cash equivalents	(65.se)	1.72
Cash and cash equivalents at the beginninq of the financial Vear	75.03	37 A4
Cash and cash equivalents at end of the year	9.04	39.56

W

Managing Director DIN: 1653314 Place: Pune Date:10 November2022 Notes to the Statement of Standalone and Consolidated Unaudited Financial Results for the Quafter and Half year ended 30 September 2022

• 1. The above financial results (Standalone and Consolidated) of SoftTech Engineers Limited (the "Company" or "Holding Company"), its subsidiaries (collectively referred to as "the Group"), were reviewed by the Audit Committee, approved and adopted by the Board of Directors at its meeting held on 10 November 2022.
• 1. The quarterly and half yearly financial results have been subjected to Limited Review by the Statutory Auditor.
• 1. The Company has prepared-the financial results as per lndian Accounting Standards (lnd AS) specified under section 133 of the Act read with the Companies (lndian Accounting Standards) Rules, 2015 as amended and in terms of Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulation 2015 as amended. lnd AS has become applicable to the Company with effect from 1st Apit, 2021 and the comparative figures have been restated accordingly.
• 1. Asrequiredbyparagraph32of lndAS101 Firsttimeadoptionof lndianAccountingstandards, reconciliation of standalone and consolidated net profit is as follows:

Profit reconciliation	Standalone	Consolidated
	September 30 2021	September 30 2021
Profit after tax as per previous GAAP	257.91	226.71
lnd AS adjustments:
a) Actuarial gain/ loss in respect of employee benefits
schemes transferred to other comprehensive income
(Net of Tax)	(11.45)	(11.45)
b) lnd AS 116 impact	(6.16)	(6.16)
c) Ind AS 109 impact	10.99	10.99
d) Deferred tax impact on above adjustments	1.67	1.67
e) Regrouping of exchange difference of translation of
foreign operations to OCI		0.71
Profit after tax	252.96	222.47
a) Other comprehensive income (OCl) -remeasurement
of defined benefit obligation (net of tax)	8.57	8.57
b) Regrouping of exchange difference of translation of
foreign operations to OCI		Q.71\
Total Other comprehensive income as per lnd AS	261.53	230.33

1. The Company operates in a single segment i.e. information technology and software services in accordance with lnd AS 108 "Operating Segment".

For SoftTech Engineers Limited W ij'

Vijay Gupta Chairman and Managing Director DIN:1653314 Place: Pune Date: 10 November 2022