Uniinfo Telecom Services Limited — Audit Report / Information 2020

Jul 31, 2020

31 July, 2020

To, The Secretary-Listing Department The National Stock Exchange of India Ltd. NSE Emerge Platform Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai - 400051

Ref: Scrip Code/Symbol: UNIINFO

Subject: Clarification to Outconme Jor the Board Meeting company held on 31-July 2020

Dear Sir,

In response to Outcome of the Board Meeting was held on 31.07.2020, for which the Audited Standalone & Consolidated Financial Results year ended 31.03.2020 has been duly uploaded but due to the clerical error notes for the accounts of the Audited Standalone &Consolidated Financa Results has been mistakenly omitted. I hereby enclosing the Revised Outcome of the Board Meeting

Kindly take the same on your records and oblige.

Thank You,

Enclosed: - Revised Outcome of the Board Meeting of 31.07.2020 with Standalone & Consoildat Audited Financial Results alongwith Audit Report for the Year ended 31" March, 2020.

Uniinf Uniinfo Telecom Services Limited Communicating ldeas uwn s Urnrntes fenlerc.om L 1' 1s OHSAS 1001 200 rstided ni

31 July, 2020

To,

The Secretary-Listing Department The National Stock Exchange of India Ltd. Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai - 400051 NSE Emerge Platform

Ref Scrip Code/Symbol: UNIINFO

Subject: Outcome of (BM 02/2020-21) Board Meeting of the company held on 31 July, 2020

Dear Sir,

With reference to the above mentioned subject this is to inform you that the meeting of Board of Directors of Uniinfo Telecom Services Limited has held today i.e. on Friday, 31" July, 2020 at the Registered Office of the Company that commenced at 05.00 P.M. and concluded at 06.30 P.M. interalia, has taken the following decisions:

• 1. The Board has approved Standalone and Consolidated Audited financial Statements of the Company for the half year and year ended 31 March, 2020 along with the Auditors Report as per SEBI (LODR) Regulations, 2015 and declaration as per SEBI (1.0DR) Regulations, 2015.
• 1. The Board has taken on record the Reconciliation of Share Capital Audit for the quarter ended 30 June, 2020.
• 1. The Board has taken on record the Statement of Investors Complaints for the quarter ended 30 June, 2020.

Kindly take the same on your records and oblige.

Thank You,

For Uniinfo Telecom Services Limited SER COM

Astha Jain

Enclosed: Standalone & Consolidated Audited Financial Results alongwith Audit Report for the Year ended 31* March, 2020.

APG&ASSOCIATES

CHARTERED ACCOUNTANTS

Independent Auditor's Report on the Half Yearly and Annual Audited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended

To

The Board of Directors of Uniinfo Telecom Services Limited

Report on the audit of the Standalone Financial Results

Opinion

We have audited the accompanying standalone Half Yearly and annual financial results of Uniinfo Telecom Services Limited for the Half year and year ended March 31,2e20, 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 (the "Listing Regulations").

In our opinion and to the best of our information and according to the explanations given to us, these standalone financial results:

• l. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in the regard; and
• ll. give a true and fair view in conformity with the recognition and Measurement principles laid down in the applicable accounting standards and other Accounting Principles generally accepted in India of the net profit and other financial information of the company for the Half Year and year ended March 31, ZO2O.

Basis for Opinion

We conducted our audit in accordance with the Standards of Auditing (SAs) specified under section 143(10) of the Companies Act,2013. 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 lnstitution of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial results under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethicat responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficie ,appropriate to provide a basis for our opinion.

3, Shonti Nogor, Gonj, INDORE (M.P,) 452 o02 TEL.: 0731-4003920, Moil: otulkshormo65@gmoil.com Bronch - Bhopol, Dhomnod ond Shojopur

Emphasis of Matter

We draw your attention to Note No. 9 to the financial results, which describes uncertainty of impact due to COVID-19 pandemic on the Company's Financial performance, which is dependent on future developments.

Our Opinion is not modified in respect of this matter.

Management's Responsibilities for the standalone Financial Results

These Half Yearly and annual financial results have been prepared on the basis of the standalone financial statements. The Company's Board of Directors are responsible for the preparation of these financial results that give a true and fair view of state of affairs, the net profit and Cash Flows of the company in accordance with the accounting principles generally accepted in India including the Accounting Standards specified under Section 133 of the Act read with Relevant Rules issued thereunder 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 for safeguarding of the Assets of the company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgements and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone 1nancial results that give a true and fair view and are free from material misstatement, whether due to fraud or error.

ln preparing the standalone financial results, 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 concern 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 are responsible for overseeing the Company's financial reporting process.

Auditor's Responsibilities for the Audit of the Standalone Financial Results

Our objective 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 judgement and maintain professional skepticism throughout the audit. we also:

• o ldentify and assess the risks of material misstatement of the standalone financial results, whether due to fraud or error, design and perforrn audit proced ures responsive to those risks, and obtain audit evidence that is sufficient and approp riate to provide a basis for our opinion. The risk of not detecting a material misstaternent 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.
• o Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3) (i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal finanbial controld with reference to financial statements in place and the operating effectiveness of such controls.
• o Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
• o Conclude on the appropriateness of the 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. lf 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 result 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.
• o Evaluate the overall presentation, structure and content of the standalone financial results, including the disclosures, and whether the financial results represent the underlying transactions and events in a manner that achieves fair presentation.
• o Materiality is the magnitude of misstatements is the Annual Financial Results that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Annual 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 misstatem irrlhe financial statements.

• o We communicate with those charged matters, the planned scope and timing including any significant deficiencies in audit. with governance regarding, among other of the audit and significant audit find ings, internal control that we identify during our
• o We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding tndependence, 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 Matters

The Half Yearly standalone financial results for the period ended March 31, 2o2o are the derived figures between the audited figures in respect of the year ended March 31,2020 and the published year-to-date figures up Six Months ended September 30,2019, being the date of the end of the Half Year of the current financial year, which were subjected to lirnited review by us as required under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015.

For APG & Associates

Chartered Accountants lCAl Firm Registration Number - 119598W

Atul Sharma '1,', Partner Membership Number: 07 i UDf N: 2007 5615AAAABE70 1 0

lndore Date: 31-07-2020

UNIINFO TELECOM SERVICES LIMITED ctN - L64202MP201 0PLC 024569 Registered office- 403, Chetak Center, 12l2 R.N.T Marg Indore (M.p.) Website : www.uni-info.co.in

Standalone Audited Statement of Assets And Liabilities as on 3lst March 2020

S.No.	Particular	As at 3lst March,	Rs. In LacsAs at 3lst March,
		2020	20t9
A	EQUITY AND LIABILITIES
I	Share Holdersr Fund
	(a) Share Capital	1069.31	1069.31
	b) Reserves and Surolus	2776.98	2682.47
	c) Money received against share warrants
	Sub-total - Shareholders' funds	3846.29	3751.79
2	Share application money pendine allotment
3	Minority interest *
2	Non-cu rrent liabilities
	(a) Long-term borrowings	4.93	74.72
	b) Defened tax liabilities (net)
	c) Other long-term liabilities
	b) Long{erm provisions	81 .82	69.56
	Sub-total - Non-current liabilities	86.7s	t44.28
J	Current liabilities
	(a) Short{erm borrowings	201.21	805.72
	'b) Trade payables
	(I) Total outstanding dues ofmicro enterprises andsmall enterorise
	(ll) Total outstanding does ofcreditors other than
	micro enterprises and small enterprises	133.45
	c) Other current liabilities		277.55
	d) Short-term orovisions	328.19	432.06
	Sub-total - Current liabilities		2.09
	TOTAL- Equity and Liabilities	662.85	1517.42
		4595.89	5413.49
B
	ASSETS
	Non-current assets
	a) Property, Plant and Equipments
	ii) Tangible assets	486.42	5 r 3.03
	ii) intangible assets
	(i ii) Capital Work-in-Progress	0.00	2.22
	c) Non-current investments	47.24	10.94
	d) Deferred tax assets (net)	38.80	33.26
	(e) Long-term loans and advances	4.36	4.08
	(0 Other non-current assets
	Sub-total - Non-current assets	576.8r	563.54
2	Current assets
	a) Current investments
	b) Inventories	26s3.31	2815.97
	c) Trade receivables	r04r.r I	t 03 8.82
	d) Cash and cash equivalents	1 ,11	764.81
	e) Short-term loans and advances	3 1 8.14	t87.75
	0 Other current assets	5.05	42.60
	Sub-total - Current assets	40r 9.08	1849.95
	IOTAL - Assets	4595.89	5413.49

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UNIINFO TELECOM SERVICES LIMITED CIN - L64202MP2010PLC024569

Registered office- 403, Chetak Center, 12/2 R.N.T Marg Indore (M.P.), Website: www.uni-info.co.in Statement of Standalone Audited Financial Results for the Half Year & Year Ended 31st March 2020

	Particulars			For the Half Year Ended		For the Year Ended
S. No.		31-03-2020		30-09-2019	31-03-2019	31-03-2020	31-03-2019
						Audited	Audited
1	Income from Operations
	(a)Net sales /Income from operation		1963.84	2208.58	2725.04	4172.43	5010.41
	(b) Other Operating income		0.98	20.98	28.23	21.97	57.51
	Total Revenue	A	1964.83	2229.57	2753.27	4194.39	5067.92
$\overline{2}$	Expenses
	(a) Cost of materials consumed		148.77	106.13	120.72	254.89	148.46
	(c) Change in inventories of finished goods, Work -in-progress and stock-in-trade		94.26	68.41	$-162.00$	162.67	$-463.86$
	(d) Employee benefits expense		794.57	803.66	905.80	1598.24	2029.66
	(e) Depreciation and amortisation expense		76.47	71.90	86.49	148.37	141.98
	(f) Finance Costs		24.95	35.36	65.30	60.31	143.69
	(g) Other Expenses		994.74	843.82	1397.87	1838.56	2358.84
	Total Expenses	$\bf{B}$	2133.76	1929.28	2414.18	4063.04	4358.77
3	Profit/(Loss) before Exceptional &extraordinary items & tax Items (1-2)	$\mathbf C$	$-168.93$	300.28	339.08	131.36	709.15
$\overline{4}$	Exceptional Items						÷.
5	Profit/ (Loss) before extraordinary items & tax$(3-4)$		$-168.93$	300.28	339.08	131.36	709.15
6	Extraordinary Items						$\omega$
7	Profit / (Loss) before tax (5-6)		$-168.93$	300.28	339.08	131.36	709.15
8	Tax expenses
	(a) Current Tax		$-36.01$	78.25	106.60	42.24	210.25
	(b) Short/(Excess) provision for earlier years		0.00	0.14	$-4.84$	0.14	$-4.84$
	(c) Deferred Tax (Assets)		$-5.53$	0.00	$-8.08$	$-5.53$	$-15.10$
9	Net Profit / Loss for the period		$-127.38$	221.89	245.40	94.50	518.83
10	Earning Per Share
	(a) Basic (Rs. 10 Per share each)		(1.19)	2.08	2.29	0.88	4.85
	(b) Diluted (Rs. 10 Per Share each)		(1.19)	2.08	2.29	0.88	4.85
11	Paid up Equity share Capital (Face value ofRs. 10/- each)		1069.31	1069.31	1069.31	1069.31	1069.31
12	Reserves Excluding Revaluation Reserves			2904.36		2776.98	2682.47

Orang

(Rs. in Lakhs except Earning per share data)

$7202$ $8002$

1. The above audited financial results as recommended by the Audit Committee and approved by the Board of Directors at their respective meetings held on July 31st, 2020.

2. Financial resultforthe period ended March 31 ,2020is being prepared in accordancewith the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201 5.

3. These financial results of the Company have been prepared in accordance with the Accounting Standards as prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder ind the other accountino principles generally accepted in India.

4. The details of utilisation of IPO proceeds Rs. 2000.90 Lakh are as follows

				(Rs. In Lakh)
Sr. No.	Particulars	As perprospectus	Utilised up to31-03-2020	Unutilised amountas at 31-03-2020
1	Working Capital Deployment	835	6JC	o.0
2	Repayment of Unsecured Loans	815	815	o.0
J	General Corporate Purposes	175.9	175.9	o.0
4	lssue related exoenses	175	175	o.0
		2000.9	2000.9	o.0

1. The company is engaged in the Business of Rendering Services to telecom operators & OEMs and therefore, there is only one reportable segment in accordance with the Accounting Standard on Segmental Reporting (AS-17).

2. The Half Yearly standalone financial results forthe period ended March 31 ,2O2O are the derived figures between the audited figures in respect of the year ended March 31 ,2020 and the published year-to-date figures up to Six Months ended September 30, 201 9, being the date of the end of the Half Year of the current financial year, which were subjected to limited review by us as required under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requiiements) Regulation,2015

3. The investor's complaints status up to March 31, 2020 is NIL

4. Pursuant to the provisions of Section 115BAA of the Income Tax Act 1961 announced by Tax Laws (amended) Ordinance 2019 and parmulagated as Taxation Laws (amendment) Act 2019 enacted on 1 'l th December 201 9 applicable with effect from 1st April 2019, Domestic Companies have options to pay Income Tax at the concessional rates by forgoing certain exemptions/ deductions (the new tax regime) as specified in the said section.

The company has chosen to exercise the option of lower tax rate of 25.17o/o (inclusive of surcharge and cess) under section 1158M of the Income Tax Act, 1961 as introduced by the Taxation Laws (Amendments) Ordinince 2019. Accordingly tax for the current year and deferred tax asset has been calculated.

1. The COVID-19 outbreak continues to spread rapidly in India and across the Globe. Various measures taken by the Government to contain the spread of virus including lock-downs have affected economic activity and caused disruption to regular business operations of the Company. The extent to which the COVID-19 pandemic will lmpact Company's results will depend on future developments, which are highly uncertain. The Company has made Initial assessment of recoverability of its assets like trade receivables, Inventories other asset and is reasonably certain that these need not be impaired. As service sector organisation heavily dependent on manpower commuting to various sites for field activities, lock downs have hugely impacted our productivity and substantially enhanced our field expenses. However, the impact assessment of COVID-19 is a continuing process given the uncertainties associated with its nature and duration. The lmpact of COVID-19 may be different from that estimated as at the date of approval of these Financial results and the Board will continue to closely monitor the developments.

l0.Theconsolidatedfinancial statementsfortheyearended3lstMarch,2020havebeenpreparedbasedontheAudited Financial Statements of the subsidiary "Uniinfo Telecom Services (Thailand) Limited for the year ended 31st March, 2020

1. The previous period / year's figures are regrouped / rearranged wherever found necessary to make it comparable with the current year"

Datez 3L/O7 /2020 Place: Indore

For and Behalfofthe Board ofDirectors

-T&AE} €*Fg Kishore Bhuradia

Chairman cum Managing Director DlNt O3257728

UNIINFO TELECOM SERVICES LIMITED crN - L64202MP2010PLC 024s69 Registered office- 403, Chetak Center, f 2/2 R.N.T Marg Indore (M.p.) Website : www.uni-info,co.in

Standalone Cash Flow Statement for the Year Ended 3lst March.2020

	Rs. In Lacs
Particulars	As at 31st March,2020 As at 31st March,2019
	Audited	Audited
Cash flow from operating activities
Net Profit before taxation and extraordinary item	t31.36	709.15
Adjustment to reconcile profit before tax to cash generated by
operating activities:-
Depreciation & Non-Cash Expense	t48.37	141.98
Finance Costs	60.3 r	143.69
Sundry Balance written off	-0.82	-0.17
Interest Income on FDR	-14.33	-s4.94
Shoft Term Gain on M.F"	0.00	-2.41
Provision for Doubtful Debts	s.87	0.00
Operating profit before workins caDital chanses	330.75	937.3r
Changes in Assets and liabilities
Inventory - Decrease(Increase)	r62.67	-463.86
Trade Receivables - (Increase)/Decrease	-8. l6	-445.13
Loans and advances and other Assets - (Increase)/Decrease	-35. I 8	33.65
Liabilities and Provision - Increase(Decrease)	-r 83.02	41.09
Cash generated from Operations	267.0s	r03.06
Direct Taxes Paid	-97.96	-208.17
Net cash flow from operatins activities	169.09	-t 05.1 I
Cash flow from investing activities
Fixed Assets	-119.54	-3 83.1 2
Interest Received	14.33	54.94
Advance to Subsidiary	0.00	-39.87
Investement In Subsidiary	-36.30	-10.94
Current Investments	749.s4	403.40
Net cash flow from investing activities	608.03	24.40
Cash flow fiom financing activities
Proceeds From Issue of Share Capital & Securitties Premium	0.00	-9.83
Long Term Borrowings - (Decrease)/Increase	-69.79	-265.48
Short Term Borrowings - (Decrease)/Increase	-660.82	2s5.21
Finance Costs	-60.3 r	-r43.69
Net cash flow from financing activities	-790"92	-163.79
Net increase in cash and cash equivalents	-13.80	-244.50
Cash and cash equivalents at the begining ofthe period	15.2i	2s9.77
Cash and cash equivalents at the end ofthe period*	l.4i	15.27

* The above cash flow statement has been prepared under the "lndirect Method" as set out in the Accounting Standard-3, "Statement of Cash Flow".

COMPONENT OF CASH & CASH EQUIVALENTS:

CASH & CASH EQUIVALENTS:

• A Balance with banks:
  • i) Cunent Accounts
• A Cash on Hand:

As at 3lst llarch,2020lAs at Slst lVlarch,20l9

1.4	15.27
0.41	1.03
1.06	r4.24

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Uniinfo Telecom Services Limited

(Formerly known as Uniinfo Telecom Servi ces Pyt. I td.) ISO 9001:2015 and BS OHSAS 18001:2007 Certified Company

Date: 31st July. 2020

To.

The Secretary-Listing Department The National Stock Exchange of India Ltd. - NSE Emerge Platform Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051

Ref: Scrip Code/SYMBOL: UNIINFO

Subject: Submission of declaration as per Second proviso to the Regulation 33(3) of the SEBI (LODR) Regulation, 2015 for the Annual Audited Standalone Financial Result for the year ended 31st March, 2020.

Dear Sir.

We hereby submit the following declaration regarding unmodified Auditors Report on the Standalone Audited Financial Results for the year 31st March, 2020 as audited by the Auditors of the Company.

DECLARATION

Pursuant to SEBI (Listing obligation and Disclosure Requirements) Regulations, 2015 and amendments made therein vide SEBI Notification No. SEBI/LAD-NRO/GN/2016-17/001 dated 25th May, 2016 and further amendment therein vide SEBI Circular No. CIR/CFD/CMD/56/2016 dated 27th May, 2016 and Circular No. CIR/CFD/FAC/62/2016 dated 5th July, 2016, we, the undersigned do hereby declare that in the Audit Report, accompanying the Annual Standalone Audited Financial Statements of the Company for the financial year ended on 31st March, 2020, the Auditor has not expressed any Modified Opinion(s) Audit Qualification(s)/or other Reservation(s) and accordingly the statement on impact of audit qualifications is not required to be given.

You are requested to please consider and take on record the same.

WDORE

Thanking You

For Uniinfo Telecom Services Limited $OMS$

Kishore Kumar Bhuradia Chairman & Managing Director DIN: 03257728

Aniles

Anil Kumar Jain WTD & Chief Financial Officer (CFO) DIN: 00370633

Registered Office: 403, Chetak Centre, 12/2 R.N.T. Marg, Indore - 452001, Madhya Pradesh, India Phone: +91 731 4208091 Email: telecom@uni-info.co.in Website: www.uni-info.co.in Corporate Identity Number: L64202MP2010PLC024569

APG&ASSOCIATES CHARTERED ACCOUNTANTS

l

The Board of Directors Uniinfo Telecom Services Limited

We have audited the given to us, and based on the consideration of the reports of the other auditors on separate financial statement of subsidiary, the Statement:

Include the financial results of the following entities:

I. HOLDING COMPANY

Uniinfo Telecom Services Limited

accompanying Statement of Consolidated Financial Results of Uniinfo Telecom Services Limited ("Holding Company") and its subsidiary (holding Company and its subsidiaries together referred to as "the Group"), for the half-year and year ended March 3L,2020 ("the Statement"), being submitted by the Holding Company pursuant to the requirement of Regulation 33 of 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

II. SUBSIDIARY COMPANY

Uniinfo Telecom Services (THAILAND) Limited

is presented in accordance with the requirements of Regulation 33 of the Listing Regulations, as amended;

and gives a true and fair view in conformity. with the 'aforesaid Accounting- Standards and other accounting principles generally accepted in India, of the net profits and other financial information of the Group for the half year and year ended March 31.,2020.

Basis for Opinion

We conducted our audit in accordance with the Standards on Ruditing (SAs) specified under section 143(10) of the Companies Act, 2013 (the nct). 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 togetherwith the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Companies Act, 2013 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 referred to in "Other Matter" paragraph below, is sufficient and appropriate to provide a basis for our opinion.

3, Shonti Nogor, Monoromo Gonj, INDORE (M.p.) 452 OOz TEL.: 0731 - 4003920, 9302595005, M o i| : o t u I ks ho rmo 65 @ 9 m o i Lco m Bronch - Bhopol, Dhomnod ond Shojopur

Emphasis of Matter

we draw your attention to Note No. g to the financial results, which impact due to covlD-19 pandemic on the company's Financial dependent on future developments. describes uncertainty Performance, which of is

Our Opinion is not modified in respect of this matter.

Management's Responsibilities for the consolidated Financial Results

These half-yearly financial results as well as the yearto date consolidated financial results have been prepared on the basis of the consolidated financial statements. The Holding Company's Board of Directors are responsible forthe preparation and presentation of these consolidated financialresults that give a true and fair view of the net profit and other financial information of the Group in accordance with the recognition and measurement principles laid down under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The respective Board of Directors of the companies included in the Group are responsible for maintenance of adequate, accounting records in accordance with the provisions of the Act for 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 financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the consolidated financial results by the Directors of the Holding Company, as aforesaid.

In preparing the consolidated financial results, the respective Board of Directors of the companies included in the Group are responsible for assessing the ability of the Group to continue as a going concern, disclosing, as applicable, matters related to going concern.and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate the Group or to cease operations, or has no realistic alternative butto do so.

The respective Board of Directors of the companies included in the Group are responsible for overseeing the financial reporting process of the Group.

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

ldentify and assess the risks of material misstatement of the consolidated financial results, 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 control relevant to the audit in order to design audit proceduresthat are appropriate in the circumstances. Undersection 143(3Xi)of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.

' Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.

' Conclude on the appropriateness of the Board of Directors' qse 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 ability of the Group to continue as a going concern. lf we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the' related disclosures in the consolidated financial results 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.

' Evaluate the overall presentation, structure and content of the consolidated financial results, including the disclosures, and whether the consolidated financial results represent the underlying transactions and events in a manner that achieves fair presentation.

' 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 such entities included in the consolidated financialresults of which we are the independent auditors. For the other entities included in the consolidated Financial Results, which have been audited by other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion.

we communicate with those charged with governance of the Holding Company and such other entities included in the consolidated financial results of which we are the independent auditors 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. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable.

Other Matters

We did not audit the financial statements of the subsidiary, whose financial statements reflect total assets of Rs.36.87 lakhs as at March 31.,2020, total revenues of Rs.0.9O lakhs and net cash inflow amounting to Rs. 31.10 lakhs for the year ended as on date, as considered in the consolidated financial statements. These financial statements of the subsidiary companies have been audited by other auditors whose reports have been furnished to us by the management and our opinion on the Consolidated financial statements, in so far as it relates to the amounts and disclosures included in respectof thesubsidiariesandourreportintermsofsub-sections(3) of I43of theAct,insofar asit relates to the aforesaid subsidiaries, is based solely on the reports of the other auditors.

Our opinion on the consolidated Financial Results is not modified in respect of matters stated above with respect to our reliance on the work done and the reports of the other auditors and the Financial Results/ financial information certified by the Board of Directors.

The statement includes the results for the half-year ended March 31,, ZO2O being the balancing figure between audited figures in respect of the full financial year and the published year to date figures upto six months ended september 30,2otg which were reviewed by us .

For APG & Associates Chartered Accountants lCAl Firm Registration Number - 119598W

AtulSharma Partner Membership Number: 075615 UDIN: 2007561544448F3565

Indore Date:31-07-2O2O

UNIINFO TELECOM SERVICES LIMITED cIN - L64202MP20| OPLC024s69 Registered office- 403, Chetak Center, l2l2 R.N.T Marg Indore (M.p.) Website : www.uni-info.co.in

consofidated Audited statement of AssetsAnd Liabilities as on 3lstl{arch2020

S.No.	Particula r	As at 31st March,2020	Rs. In LacsAs at 3lst March,20t9
A	EQUITY AND LIABILITIES
	Share Holders' Fund
	(a) Share Capital	r069.31	1069.31
	b) Reserves and Surplus	2762.32	2682.47
	c) Money received against share warrants
	Sub-total - Shareholders' funds	3831.63	3757.79
2	Share application money pending allotment
J	Minoritv interest *
2	Non-current liabilities
	a) Long-term borrowings	4.93	74.72
	b) Defened tax liabilities (net)
	c) Other long-term liabilities
	(b) Long-term provisions	8l .82	69.56
	Sub-total - Non-cu rrent liabilities	86.75	r44.28
J	Current liabilities
	a) Short-term borrowings	201.21	805.72
	(b) Trade payables
	(I) Total outstanding dues ofmicro enterprises andsmall enterprise
	(II) Total outstanding does ofcreditors other thanmicro enterprises and small enterprises	133.45	277.55
	c) Other current liabilities	J)2.+ I	432.06
	d) Shorl{erm provisions		2.09
	Sub-total - Current liabilities	667.14	1577.42
	TOTAL- Equity and Liabilities	4585.s2	5413.49
B	ASSETS
	Non-current assets
	a) Property, Plant and Equipments
	ii) Tangible assets	486.4?.	5 l3 .03
	ii.; intangible assets		39.34
	'iii) Capital Work-in-Progress		2.22
	(c) Non-current investments
	d) Defened tax assets (net)	38.8C	33.26
	e) Long-term loans and advances	4.36	4.08
	0 Other non-current assets
	Sub-total - Non-current assets	529.57	591.94
2	Current assets
	(a) Current investments
	b) Inventories	2653.31	2815.97
	c) Trade receivables	1042.07	1038.82
	d) Cash and cash equivalents	32.59
	e) Short-term loans and advances		775.78
	(fl Other current assets	322.92	I 88. l9
	Sub-total - Current assets	5.054055.9s	280
	TOTAL - Assets	4585.52	4821.55s413.49

TI,A@€L_

UNIINFO TELECOM SERVICES LIMITED CIN - L64202MP2010PLC024569

Registered office- 403, Chetak Center, 12/2 R.N.T Marg Indore (M.P.), Website: www.uni-info.co.in Statement of Consolidated Audited Financial Results for the Half Year & Year Ended 31st March 2020 (Rs. in Lakhs except Earning per share data)

	Particulars			For the Half Year Ended		For the Year Ended
S. No.			31-03-2020	30-09-2019	31-03-2019	31-03-2020	31-03-2019
$\mathbf{1}$						Audited	Audited
	Income from Operations
	(a)Net sales /Income from operation		1964.74	2208.58	2725.04	4173.32	5010.41
	(b) Other Operating income		1.02	20.98	28.23	22.01	57.51
	Total Revenue	$\mathbf{A}$	1965.76	2229.57	2753.27	4195.33	5067.92
$\overline{2}$	Expenses
	(a) Cost of materials consumed		148.77	106.13	120.72	254.89	148.46
	(c) Change in inventories of finished goods, Workin-progress and stock-in-trade		94.26	68.41	$-162.00$	162.67	$-463.86$
	(d) Employee benefits expense		797.41	803.66	905.80	1601.07	2029.66
	(e) Depreciation and amortisation expense		76.47	71.90	86.49	148.37	141.98
	(f) Finance Costs		24.99	35.36	65.30	60.35	143.69
	(g) Other Expenses		1007.46	843.82	1397.87	1851.28	2358.84
	Total Expenses	$\bf{B}$	2149.35	1929.28	2414.18	4078.63	4358.77
$\mathbf{3}$	Profit/(Loss) before Exceptional &extraordinary items & tax Items (1-2)	$\mathbf C$	$-183.59$	300.28	339.08	116.69	709.15
$\overline{4}$	Exceptional Items
5	Profit/ (Loss) before extraordinary items & tax$(3-4)$		$-183.59$	300.28	339.08	116.69	709.15
6	Extraordinary Items
$\overline{7}$	Profit / (Loss) before tax (5-6)		$-183.59$	300.28	339.08	116.69	709.15
8	Tax expenses
	(a) Current Tax		$-36.01$	78.25	106.60	42.24	210.25
	(b) Short/(Excess) provision for earlier years		0.00	0.14	$-4.84$	0.14	$-4.84$
	(c) Deferred Tax (Assets)		$-5.53$	0.00	$-8.08$	$-5.53$	$-15.10$
9	Net Profit / Less for the period		$-142.04$	221.89	245.40	79.84	518.83
10	Earning Per Share
	(a) Basic (Rs. 10 Per share each)		(1.33)	2.08	2.29	0.75	4.85
	(b) Diluted (Rs. 10 Per Share each)		(1.33)	2.08	2.29	0.75	4.85
11	Paid up Equity share Capital (Face value ofRs. 10/- each)		1069.31	1069.31	1069.31	1069.31	1069.31
12	Reserves Excluding Revaluation Reserves		250	2904.36alay		2762.32	2682.47

குணு

1. The above audited financial results as recommended by the Audit Committee and approved by the Board of Directors at their respective meetings held on July 31st, 2020.

2. Financial resultforthe period ended March 31 ,2020is being prepared in accordancewith the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201 5.

3. These financial results of the Company have been prepared in accordance with the Accounting Standards as prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder ind the other accountino principles generally accepted in India.

4. The details of utilisation of IPO proceeds Rs. 2000.90 Lakh are as follows

				(Rs. In Lakh)
Sr. No.	Particulars	As perprospectus	Utilised up to31-03-2020	Unutilised amountas at 31-03-2020
1	Working Capital Deployment	835	6JC	o.0
2	Repayment of Unsecured Loans	815	815	o.0
J	General Corporate Purposes	175.9	175.9	o.0
4	lssue related exoenses	175	175	o.0
		2000.9	2000.9	o.0

1. The company is engaged in the Business of Rendering Services to telecom operators & OEMs and therefore, there is only one reportable segment in accordance with the Accounting Standard on Segmental Reporting (AS-17).

2. The Half Yearly standalone financial results forthe period ended March 31 ,2O2O are the derived figures between the audited figures in respect of the year ended March 31 ,2020 and the published year-to-date figures up to Six Months ended September 30, 201 9, being the date of the end of the Half Year of the current financial year, which were subjected to limited review by us as required under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requiiements) Regulation,2015

3. The investor's complaints status up to March 31, 2020 is NIL

4. Pursuant to the provisions of Section 115BAA of the Income Tax Act 1961 announced by Tax Laws (amended) Ordinance 2019 and parmulagated as Taxation Laws (amendment) Act 2019 enacted on 1 'l th December 201 9 applicable with effect from 1st April 2019, Domestic Companies have options to pay Income Tax at the concessional rates by forgoing certain exemptions/ deductions (the new tax regime) as specified in the said section.

The company has chosen to exercise the option of lower tax rate of 25.17o/o (inclusive of surcharge and cess) under section 1158M of the Income Tax Act, 1961 as introduced by the Taxation Laws (Amendments) Ordinince 2019. Accordingly tax for the current year and deferred tax asset has been calculated.

1. The COVID-19 outbreak continues to spread rapidly in India and across the Globe. Various measures taken by the Government to contain the spread of virus including lock-downs have affected economic activity and caused disruption to regular business operations of the Company. The extent to which the COVID-19 pandemic will lmpact Company's results will depend on future developments, which are highly uncertain. The Company has made Initial assessment of recoverability of its assets like trade receivables, Inventories other asset and is reasonably certain that these need not be impaired. As service sector organisation heavily dependent on manpower commuting to various sites for field activities, lock downs have hugely impacted our productivity and substantially enhanced our field expenses. However, the impact assessment of COVID-19 is a continuing process given the uncertainties associated with its nature and duration. The lmpact of COVID-19 may be different from that estimated as at the date of approval of these Financial results and the Board will continue to closely monitor the developments.

l0.Theconsolidatedfinancial statementsfortheyearended3lstMarch,2020havebeenpreparedbasedontheAudited Financial Statements of the subsidiary "Uniinfo Telecom Services (Thailand) Limited for the year ended 31st March, 2020

1. The previous period / year's figures are regrouped / rearranged wherever found necessary to make it comparable with the current year"

Datez 3L/O7 /2020 Place: Indore

For and Behalfofthe Board ofDirectors

-T&AE} €*Fg Kishore Bhuradia

Chairman cum Managing Director DlNt O3257728

UNIINFO TELECOM SERVICES LIMITED crN - L64202MP20r0PLC024'69 Registered office- 403, Chetak Center, 12l2 R.N.T Marg Indore (M.P.) Website : www.u ni-info.co.in

Consolidated Cash Flow Statement for the Year Ended 3lst March. 2020

	Rs. In Lacs
Particulars	As at 3lst March,2020	As at 3lst March,20 l9
	Audited	Audited
Cash flow from operating activities
Net Profit before taxation and extraordinary item	116.69	709.rs
Adjustment to reconcile profit before tax to cash generated by
operating activities:-
Depreciation & Non-Cash Expense	148.37	141.98
Finance Costs	60.35	143.69
Sundry Balance written off	-0.82	-0.17
Interest Income on FDR	-14.30	-54.94
Short Term Gain on M.F.	0.00	-2.41
Provision for Doubtful Debts	5.87	21.60
Operating profit before working capital changes	316.1	9s8.9r
Changes in Assets and liabilities
Inventory - Decrease/(Increase)	162.67	-463.86
Trade Receivables - (Increase)/Decrease	-9.12	-493.09
Loans and advances and other Assets - (Increase)/Decrease	-39.97	4r.76
Liabilities and Provision - Increase/(Decrease)	-178.75	19.49
Cash generated from Operations	250.99	63.2r
Income Tax	-97.96	-208.17
Net cash flow from operating activities	r 53.02	-144.96
Cash flow from investing activities
Fixed Assets	-119.54	-383.12
Interest Received	14.30	54.94
Current Investments	749.54	403.40
Net cash flow from investing activities	644.30	75.21
Cash flow from financing activities
Proceeds From Issue ofShare Capital & SecurittiesPremium	0 00	-9.83
Long Term Borrowings - (Decrease)/Increase	-69.79	-265.48
Short Term Borrowings - (Decrease)/Increase	-660.82	255.2r
Finance Costs	-60.35	-r43.69
Net cash flow from financing activities	-790.96	-163.79
Net increase in cash and cash equivalents	6.35	-233.s4
Cash and cash equivalents at the begining of the period	26.24	2s9.77
Cash and cash equivalents at the end ofthe period*	32.59	26.24

* The above cash flow statement has been prepared under the "lndirect Method" as set out in the Accounting Standard-3, "Statement of Cash Flow".

COMPONENT OF CASH & CASH EQUIVALENTS:

CASH & CASH EQUIVALENTS:

• A Balance with banks: i) Current Accounts
• A Cash on Hand:

As at 3lst March, 2020 As at 31st March, 2019

It

r;:i =]@>@>-

32.18 0.41 25.20 1.03 26.24

(Formerly known as Uniinfo Telecom Servlces Pvt Ltd ) ISO 9001:2015 and BS OHSAS 18001:2007 Certified Company

Date: 37't JuIy, 2020

To,

The Secretary-Listing D epartment The National Stock Exchange of India Ltd. - NSE Emerge Platform Exchange Plaza, C-7, Block G, Bandra Kurla Complex, Bandra (E), Mumbai - 400 057

Ref: Scrip Code/SYMBOL: UNIINFO

Subiect Submission of declaration as per Second proviso to the Regulation 33[3) of the SEBI ILODR) Regulation, 2015 for the Annual Audited Consolidated Financial Result for the year ended 31't March, 2020,

Dear Sir,

We hereby submit the following declaration regarding unmodified Auditors Report on the Consolidated Audited Financial Results for the year 31.t March, 2020 as audited by the Auditors of the Company.

DECLARATION

Pursuant to SEBI [Listing obligation and Disclosure Requirements) Regulations, 2075 and amendments made therein vide SEBI Notification No. SEBI/LAD-NRO/GN/20I6-17 /001 dated 25tn May,20L6 and further amendment therein vide SEBI Circular No. CIR/CFD/CMD/56/2076 dated 27thMay,2076 and Circular No. CIR/CFD/FAC/62/2016 dated 5tt July, 2016,we, the undersigned do hereby declare that in the Audit Report, accompanying the Annual Consolidated Audited Financial Statements of the Company for the financial year ended on 31.t March, 2020,the Auditor has not expressed any Modified Opinionfs) Audit Qualification[s)/or other Reservationfs) and accordingly the statement on impact of audit qualifications is not required to be given,

You are requested to please consider and take on record the same.

Thanking You

For Uniinfo Telecom Services Lim

-TDaQ- 6-=>-

Kishore Kumar Bhuradia Chairman & Managing Director DIN=O3257728

Anil Kumar fain WTD & Chief Financial Officer (CFO) DIN:00370633

Registered office: 403, chetak Centre, 12i2 R.N.T. Marg, Indore - 45200i, Madhya pradesh, India Phone: +91 731 4208091 Email: telecom@uni-info.co.in Website: www.uni-info.co.in Co rpo rate I d e ntity N u m be r: L64202MP201 0PLC024569