TechNVision Ventures Limited — Interim / Quarterly Report 2019

Feb 22, 2019

Tech

■ • • lSlOil ventures

TechNVision Ventures Limited. CIN - L51900TG 1980PLC054066 Regd.Office:1486 (12-13-522),

Lane No. 13, Street No. 14, Tarnaka, Secunderabad - 500017. Phone: +91-40-27170822 / 7591 / 5157

Ref: TVL/BSE/2018-19/34 Date: 22.02.2019

Fax: +91-40-27173240 Email: info@technvision.com Website: www.technvision.com

To Corporate Relationship Department Bombay Stock Exchange Limited 1st Floor, Rotunda Building, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001.

Dear Sir,

Sub: - Resubmission of Unaudited Financial Results for the third quarter and nine months ended 31 December, 2018 st rPg. Ref: - Your email dated 22nd February, 2019, Our Scrip Code: 501421.

With reference to your email mentioned above, please find below the Revised Financial Results for third quarter and nine months ended 31.12.2018. However, the Revision in the financials should not have any impact on the revenue and profit figures of the Company.

1. Unaudited Standalone and Consolidated Financial Results of the Company for the third quurtcr und nine rnonths ended 31[st ] December, 2018.

2. Limited Review Report for the Standalone and Consolidated Unaudited Financials for the third quarter and nine months ended 31st December, 2018.

Please take on record the revised financials statements.

This is for your kind information and records.

Yours truly

for Technvision Ventures L

TechNVlsion Ventures Limited 1486 (12-13-522), Lane No.13, Street No_ 14, Tarnaka, Secunderabad-500 017 CIN: L51900AP1980PLCDS4066, Fa. �27173240, E-mail: inlo@technvision com

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED ON 31.12.2018

PAR .....	T ..	T ..															-u-w.ww<111	-u-w.ww<111	., ... 11 .�	., ... 11 .�	I . .	I . .	I . .
S.No	. Panicu1a1						STAN				DALONE			1o·Oate 31st De 20n (Unaudite) Ycar 0ndnd 31st March 2018 J11t De 2018 (Audit) (Unaudite)					Qu.i or Eded Joth Sep l18 (Unaudit) CONSOLIDATED Yeir to D e 31st De 2017 31st De 2018 31st De 201 (Unaudite) (Unaudil) (Unaudited)		d CONSOLIDATED **Yeir to D e **
							Q�rter Endf! 30lh Sep 2018 J1atDe217 (Unaudit) (Unaudite)				Y 4 31stD20 (Unaudited 58	ea 18 ) **6. **	r	1o·Oate 31st De 20n (Unaudite)
					31st De 2018 (Unaudite)																		31st De 2018 31st De 201 (Unaudil) (Unaudited)			7
	1 Income from oortions fa) Net.Satl�incoms from OnereUon.															651.:5 1 736.4
					195.9		1	200.92 158.2 **19,7 **					5	9 479.73		**651.:5 **			8	2.14 98 1,.17 76			5 457.81 3 866 7			8 4.99978
	**(b) Ottier Ooeralinn inco.me **				~~-~~															~~-~~						~~-~~
	Cc}Other Income				0.0 196.0		9				9	0.	**7 **	0 19.87		**19..9 **		1•.1	9	9.46 20. 77.79 JO.◄						a	32.03
	Total income from oarations fneU						0	200.92 178.0			3 58	7.	2	9 499.60		671.2	4	1.751.27		2.2U4 Ull.l		1 5 575.60			3 997.2	6	503Ul1
	2E11: ertdl1u,c
	f.l Cost cf rmnerlals consum1d
	Jb) Purchases of stock-in-trade
	(c) Changes in inventories of fnished goods trade		, work-in-progress and sock-in-				~~-~~							~~-~~			0.05				0 C	5
		Cdl Em1IOe: �frl e.�nse (e) Deoreciation and amortisation expense			1�.6 5.3		3 151.9 **141.1 **				8 46	0.	B	0 :.85 529.1			5	726.31 832.05		1.21.3 6.7	5 fe 2 81.47				2;!02.3 12.2	2	J.200.�
							1 5 30 3~~.~~7				0 1	5.	7	4 10,83 14.8							4 4..1 !43.92					4	16.•31
		m Finance Casis			0.0		3 0 3				7	0.	0	5 0,77 0,37				3.25			0 37 3.27				**0. **		**0.37 **
		tolOltleraense1			41.2		3 4223 **2J.S **				5 10	7 ..	1	1 SO.0 110.1				677.39		1 2	1 �40.21 2.05.17				**1.6136 **	1	2.15283
		Tami ExDenae:			213.2		0 199,'7 168.8				0 **51 **		4	0 480.4	5 655,2			2 239.05		209.30 1 411.42			5110.83		3.928.9	4	6.369.1
	3 Profit I (Loss) from operations befol Share of proftJ(los&) of a!sociates Jnr1.r-• ,,-·, _c----11-�.1 .. ___1nr T! 11-'1 4 Sare of profil I (le.) or associDle5				(17.2		0) 1.45 9.2				3 2.		8	9 19.1	5 16.0			(487.78)		135.14 26.89			(1J.23)		(31.6	8)	(338.04)
	5 Net Prof. f+)J Loss I-) from befQfe ExceotionaJ items and tax 15+6)				117.2		01 1.45 **9.2 **				3 **2. **		8	9 19.1	5 16.0			l4B7;73l 135.14 26.l **11J.23l **
	6 �c,litmDl ltem1																								-
	7 NeI Profit 1+11 Loul-lbfo� 13X 17-81				11	7.2	01 1.45 9.2				3 2.		8	9 19.1	5 16.0			1487.78) 135.14 26.89 113.231							131.68) 1338.04)
	~~s~~Tu e:aonffa
		Deferred Tax			18.07 0.5 **8.0 **									~~.~~
		Current Tax									7 11.76) 11.2				7 7 5			16.76) 1.81 156 2.87							239	7 20.86
	9	Ntt ProntJllcn, for theorlod			19.13 0.9				1 1.1		6 4.6			5 7.8	8 8.4			1'81.02) 133.33 11.2 (13,101							155.65) 1358.901
1	0	0her Comorehen1lve Income																							-
	items thatwillnot be ,eclasifJed to orofiJ or loss								~~-~~						~~.~~		~~-~~ ~~-~~
	Income Tax relatino lo items lhal will not be reclasiried lo prorit or loss items that will be reclasified lo crorit or loss
																	~~-~~ . - . ~~-~~ ~~-~~								~~-~~
	11\Cme Tt relatlno 10 jtems that will be iecJaSJfi� to oront 0 lo.
1	l	Tol.l OtMr Comareh-n:ivl lncomefNel oJ Tue-l			~~-~~																				~~-~~
1	2	TotaJ Comoreensive Income for the »riod			**19.13) **			0.9	1	1.1	6 **4.65 **			7.88		8.4	5 1481.021 133.33 11.2 1138.10)								155.65) 1358.90
1	3	Net Prom_I_rLoH� forthe prfrd attributatle to
		Oner: ol lhl comaan"			19.131			0.9	1	1.1	6 **4.65 **			7.88		8.4	5	1481.021 H3.33 11.29 11JS.101							155.65	1 1:8.901
		Non�cu1lrlllnt lnlellst
1	4	Other Comorehensive Lncome atributable to
		Oners of lhe Company			~~-~~													-								-
		Ncm-C,muomna lntore.t												~~.~~
1	5	To�I Comcrahtm!lva lncomo for the aerio attributable to																1481.02 13333 11.29 1138.10
		Oners or the Company			(9.13)			0.91			4.85			7.88		8.4	5								/55.651 1358.90
		Non-Conlrollino lnlerest			~~-~~				~~-~~ **627.50 **		627.50							627.50 1,109,08 627.50 1,837 88 rm.so 621.50 1,32 Ht 1,109.08
1	6	Pail-uo s it1 State ca l1a1 rFaco valueor eac share**IsR,-uil-} **			627.50 627.50									627.50		627.5	0								627.60 ~~azuo~~
1	7	Reserves excluding revaluation reserves as per Balance sneet or previous iaccountin1 vea_ **lamlnis Per Shafe (E?S, **			85334 862.48				846.37		853.34			846 37	86.94					1,837 88 1,32 Ht 1,109.08					1,38218 1,102.35
1	8								0.02														(2.20) (0.89) (5.72)
		a) Basic end dfluled EPS before Extraordinary items ror the period, for the ye to cuue er forlhe mevlous Vear rno! 10 be onnualzadl		ar	(0.15) 0.01						0.07			0.13	0.13			(7.67)		2.12 0.18
		b) Basic and diluted EPS after Extraordinary ilems for the period, for the year to date and ror u," ant1!ou, vlar ,not lo bf anm.allsed1			(0.15) 0.01				0.02		0.07			0.13	0.13			(7.67)		2.12 0.18			(2.20)		(0.89) (5.72)
	Paricular				3 Months ended ,1.12.201•										�
B	INVESTOR COMPLIANTS
	PendinQ at lhe be1innin1 of the Quarter Received durinQ the auarter								3 02 2019 nd its subidiary compa 31 12 2017 - 1 USO= IN ty Interest		nies viz Sohx Technoloies Inc , USA and R 63 93)				/_a, _t I' ��. �io � �' �
5 6 7	Of5naJC- or durtna 1h ouarttr

a Software related Development services, products and Information Technology enabled services are considered as one business segment The Company is primarily engaged in the said business, the activities as su:h are governed by the same sets of risk and return Therefore they have b n grouped as si7gle segment as per AS-17 dealing with segment reporting Secondary segment reporting is based on geographical location or the customers

Page 1 of 2

	--··	--··			--·-- - ...----								---	---	-,-, , , - -	-,-, , , - -	CONSOLIDATE	D	Ycilr	Ycilr	l0D11.I(!	l0D11.I(!
S.No.		Particulars							-d STAND	ALOI£ Yeartl 0.lU!
							Qt.,aner Endt!				YC-il.rended 31st March 2018 (Audite				Quaner Ende		d 8 31st Dec 20 (Unaudited	1 )						Year ended
						31 at Dae 2018 (Unaudited)	3oth Sep 2018 (Unaudited)		31st Dec 2017 (Unaudited)	31st Dec 2018 31st Dec 2017 (Jnaudited) (Unaudited)			d)	31 (U	st Dec 2018 naudited)	30th Sop 201 (Unaudited)			7	31st Dec 201 (Unaudited)	8 31st Dec 201 (Unaudited)		7	31st March 2018 (Audited)
	I	Revenue: 011eBe..ill.li																						4,990.43
						195:91	191,57 9,35		168.2	4 577.24 479.73 9.3S		641..	90		17ltiA8	2.195.G	a 1 417	7	6 5,488.46		3,666 78
	Domestic Total											9	35		9.3		5		9.35					9.35
						195.91	200,92		158.2	4 586.59 **479. 7 **	3	651.	25		17 36.48 2194.9		9 **1 417. **	**7 **	6 5 497.81		3 866.78			4 999. 7 8
	2 o.mant m.11 uU.1 ProfitI(loss) berore la -Overaeas		x a	n
					d inleresl rrom each Seomenl	23.97	42.BB		13 3	6 109 26 80 05	106		43
															178 07 986 0 7		10 546.	9	2	1 84442	1,552 22			1.782.34
	-Doml!!sllc:					23.9	0.7		9 ~~-~~	0.79	0.		79				9							0.79
	Total						7 43.88		13.36	110.05 BO.OS	107.		22		178.07	986.8	9 546.	9	2	1 844.42	1 552.2		2	1 783.U
	Lo,s:
	(i) Interest					0.0	3		0 3	7 0 05 0.7	7 0		37		3 25 677.39	861.2	1 0. 540.	3	7	327	07 7 1,613.61		7	0.3 7
	Wl Othe-run-nnoeatila		e:xel	!!n	cmure hel ofl	41.2	3 42.2		3 23.5	5 107.81 80.0	0 110.		34					21		2.054.1				2.152.83
	lilil Ufl-allacable mccm		e			0.0	9		19.7	9 0.70 19.8 2.!9 19.1	7 5 19. 16.		99 00		14.79	9.4	6 20.	5	5	77.19	30.4		8	32.0J
	Tol.111 Prafll Ba-fora Ta		x			117.20	1 1.45		9.23						/'87;711	135.1	4 26.	8	9	1135.Z	lll 131.68		1	1338.D"
	3 Seame.n,..a.ueb																			6.217.5	4	8,691.03
	Overseas Domestic					1.452.09		1.459.62	1.442.47	1,452.09 1,442.47	1,444.		55		**8,217.5'4 **	3.691.0	3 8.691.	03	'					8,691.03 70,87
					eis ltiss Llabl11Ues	19 75 95.1!6		19.BS 95.88	19 62 9-4.73	19 75 19 6	2 19		65		67 01	**70_8 **	7 3 70. 342.	8 23	7	67,0	l	70.8	7
	unauacat'IKI C0,----1e		A.	as						95.36 94.7:	l 94.		87		323 SB	342 2				323.56		342 23		342.23
	TOTAL					1.567.21		1 576.34	1 556.82	1 5117.21 1.556.82	1 5.59.		08		8 608.13 il10-4.1		3 9104.	13	a sos.13			9104.13		9 1D4.13
	4 Setament LIB bililln																							6.418.78
	Overseas					80.02		79,09	76.88	80.02 76 86 1,09 LOS	78. I		40		5.89352 5.597 3		0 6 162.	25	5 89:).52 48,06			616225 50 25
	DomMtlC					'1.09		1.08	1.05 5.05 82.95				07		4806 45.6		4 so	25						52.34
		Urni.llocale:d 0Dfl]Ornte	A5	.s	e!s }eM LlBbirllla.s	5.26 86.36		5.19 85.36		526 5,05	5.		15		232.07 220.4		1 2,2.	65	232,07 6173.66			242.86		252.75 6.7JUB
	TOTAL									86.J6 82.95	84.		62		6,17l.66 .i.86:S.J		S 6.455.1	5				8 455.15

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By and on behalf of the eoard
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Date: 13-Feb-2019 Place: Secunderabad

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1-2-386/A/1, Gagan Mahal Hyderabad - 500 029 Ph: +91-40-27632354. 27642952 e-mail: sridevar@yahoo.co.in URL: www.ayyadevara.com

Ayyadevara & Co. Chartered Accountants

INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM FINANCIAL STATEMENTS

To,

The Board of Directors of TechNvision Ventures Limited, Secunderabad.

We have reviewed the accompaQ,\/ing statement of unaudited standalone financial results of M/s. TechNvision Ventures Limited ("the company"), having its offices at No.1486, Lane No.13, Street No.14, Tarnaka, Secunderabad, for the third quarter and nine months ended December 31, 2018 ("the statement"), being submitted by the company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as modified by the circular No. CIR/CFD/FAC/62/2016 dated 5[th ] July, 2016. This statement which is the responsibility of the company's management and approved by the board of directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under section,.33 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to issue a report on the statement based on our review.

We conducted our review, in accordance with the Standard on Review Engagement {SRE) 2410, Review of Financial Interim Information performed by the independent auditor of the entity issued by the Institute of Chartered Accountants of India. This standard required that we plan and perform the review --to obtain moderate assurance as to whether the statements are free of material misstatements. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less accurate 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 the aforesaid Indian Accounting Standards 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 modified by circular No. CIR/CFD/FAC/62/2016 dated 5 th July, 2016, including the manner in which it is to be disclosed, or that it contains any material misstatement.

• Place: Hyderabad Date: 13-02-2019

1-2-386/N1, Gagan Mahal Hyderabad - 500 029 Ph: +91-40-27632354, 27642952 e-mail: sridevar@yahoo.co.in URL: www.ayyadevara.com

Ayyadevara & Co. - Chartered Accountants

INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM FINANCIAL STATEMENTS

To,

The Board of Directors of TechNvision Ventures Limited, Secunderabad.

We have reviewed the accompanying statement of unaudited Consolidated financial results of M/s. TechNvision Ventures Limited ("the company"), having its offices at No.1486, Lane No.13, Street No.14, rarnaka, Secunderabad, for the third quarter and nine months ended December 31, 2018 ("the statement"), being submitted by the company pursuant to the requirement of 11egulation 33 of the SEBI (Listing Obligations and Disclosur Requirements) Regulations, 2015, as modified by the circular No. CIR/CFD/FAC/62/2016 dated 5 th July, 2016. This statement which is the responsibility of the company's management and approved by the board of directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under section 133 of the Companies Act, 2013 read with relevant rules issued there under and other accounting principles generally accepted in India. Our responsibility is to issue a report on the statement based on our review.

We coraducted our review, in accordance with the Standard w , Review Engagement (SRE) 2410, Review of Financial Interim Information performed by the independent auditor of the entity issued by the Institute of Chartered Accountants of India. This standard required that we plan and perform the review to obtain moderate assurance as to whether the statements are free of material misstatements. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less accurate than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

The statement includes results of the following subsidiaries:

a. Accelforce Pte. Limited

• b. Siti Corporation Inc.

• c. Solix Technologies Inc

• d. Emagia Corporation Inc.

• e. Solix Softtech Private Limited

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....
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Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statemen. of unaudited financial results prepared in accordance with the aforesaid Indian Accounting Standards 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 modified by circular No. CIR/CFD/FAC/62/2016 dated 5th July, 2016, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For Ayyadevera & Co., Ch8rtered Accountants ICAI FRN No.000278S _ _ _ J .>-' v---' __ ...-.::- - -/Ay\adevera Srinivas Proprietor ICAI M.No. 028803 Place: Hyderabad Date: 13-02-2019