aurionpro 'e:07th September,2020

Deptt. of Corporate Services- ListingBombay Stock Exchange Limitedlst Floor, Rotunda Building,Dalai Street.Mumbai - 400001

To

UB: UNAUDITED (STANDALQNiiE ixpST QUARTER/THnEE M

LIMITED REVIEW REPO R.L

Dear Sir/Madam

Pursuant to Regulation 33 Of the DEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015, kindly find enclosed herewith Un-Audited (Standalone & Consolidated)Financial Results for the first quarter/three months ended 30th June,2020, along with LimitedReview Report thereon received from M/s. Chokshi& Chokshi., LLP. Statutory Auditors of theCompany

For Aurionpro Solutions Limited

Company Secreta ry

aurionpr0 8Aurionpro Solutions Limited

Statement of Unaudited Standalone FinanciaIResults for the Quarter ended June 30, 2020

dRs.iB lakhs)Year ended

SrNo.

Quarter ended

Pa rnc ula rs 30-Jun-20

Unaudited

31-Mar-20

Audited

30 -J u n -19

Unaudited

31-Mar-20

Income

ja) Revenue from Operations(b) Otherlncome

(c) Totallncome [ (a) + (b) ]Expenses(a) Software,Hardware and Other MaterialCost(b) Change in Inventories of Raw Materials,

Finished Goods and Stock-in-Trade(c) Employee Benefits Expense(d) Finance Costs(e) Depreciation and Amortisation Expense(f) Other Expenses(g) TotaIExpenses [ (a) to (f) ]

Profit/ (Loss) before Exceptionalltems and Tax [l(c) - 2 (g)]ExceptionalltemsProfit/(Loss) before Tax[ 3+4 ]Tax Expenses

Audited

3.723.0597.94

3,820.99

5,210.13394.23

5,604.36

7,604.82180.97

7,785.79

26,630.541.107.27

27,737.812

582.62

357.58

1,135.11

56.04

3.280.34

697.17

l0,715.34

1.032.79

1.823.75375.77368.69173.73

3,682.14

2,182.62396.00412.57656.77

4,839.11

1.932.89452.88368.61830.12

7,562.01

8,336.02

1.598.431.469.262.957.59

26,109.433

4

5

6

138.85 765.25 223.78 1,628.38

138.85 1 765.25 223.78 1,628.38

(a) Current TaxICredit)Deferred Tax

Profit/ .s) after Tax r 5 - 68 of tax9 ota ve Income for the period

0 IPaid up Equ ty Share Capital (Face Value of Rs lO

Other IExcluding Revaluation Reserve)12 IEa hareer U

l0.031.91

126.91

126.3342.67

596.25:33.08)

182.07(67-03)108.7419.68

520.8578.93

1,028.60=84 . 54.£2687

100.04 563.17 128.42 944.06

2,280.02 1 2,280.02 1 2,323.13 2,280.02

21,337.26

2.552.55

0.46 1 4.400.46 1 4.40

Seeended are not annulised

results

({

aurionpro &

Notes to the Standalone FinanciaIResults

1. 0therlncome include foreign exchange gain/floss) for the quarter ended 30/06/2020 of INR 17.54 LakhsIQuarter ended 30/06/2019: IN R j11.041 Lakhs)

2. Software. hardware and other material costs include purchase of material of INR 103.06 Lakhs for thequarter ended 30/06/2020. IQuarter ended 30/06/2019: INR 2,841.61 Lakhsl

3. The figures for the quarter ended 31/03/2020 are the balancing figures between the audited figures inrespect of the fullfinancialyear for 2019-20 the year to date unaudited figures upto the third quarterended 31/12/2019

4. The figures for the earlier periods have been regrouped / reclassified wherever necessary to make themcomparable with those of the current period

5. During COVID-19 pandemic, the Company has continued operations with minimaldisruption and nowstarted moving towards normalcy. In view of COVID -19 pandemic, the Company has considered and takennto account internal and external information/reports/economic forecast etc. and has performedsensitivity analysis based on current estimates in assessing the impact on revenues and costs. TheCompany has relied on available information and assumptions to arrive at the estimates. However, theactualimpact of COVID-19 on the Company's financialstatement may differ from that estimated and theCompany willcontinue to closely monitor any materialchanges to future economic conditions.

6. As required under ]nd AS 1].5 ''Revenue from Contracts with Customers'', unbilled revenue is accountedon estimate basis in respect of contracts where the contractual right to consideration is based oncompletion of contractualmilestones as confirmed by the technicalteam

7 The Ministry of Corporate Aff airs vide notification dated July 24, 2020, issued an amendment to Ind AS 116leases, by inserting a practicalexpedient w.r.t "Covid-19-Related Rent Concessions'' effective from the

period beginning on or after Apri101, 2020. Pursuant to the above amendment, the Company has appliedthe practical expedient during the quarter ended June 30, 2020 by accounting the unconditional rentconcessions of INR. 42.00 lakhs netted off with "Other expenses" in the financialresults.

8. The segment information, pursuant to the requirement of Ind AS 108 operating Segments, is given as partof the consolidated financialresults.

The Statutory Auditors of the Com pony have conducted a limited review of the standalone financialresultsfor the quarter ended 30/06/2020 pursuant to the requirements of Regulation 33 of the DEBI(ListingObligations and Disclosure Requirement (LODRI Regulations 2015. These financial results have beenreviewed by the Audit Committee and thereafter approved by the Board of Directors at their respectivemeetings held on 07/09/2020

:or Aurionpro Solutions Limited

Amit ShethCo- Chairman and Director

CHOKSHl& CHOKSHILLPChartered Accountants

Independent Auditor's Review Report on the Quarterly Unaudited Standalone FinanciaIResults Pursuant to the Regulation33 of the SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

To The Board of Directors

Aurionpro Solutions Limited

l We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of Aurionpro SolutionsLimited jthe 'Company'jfor the quarter ended 30/06/2020 (the 'Statement '), being submitted by the Company pursuantto the requirements of Regulation 33 of the SEBljListing Obligations and Disclosure Requirements) Regulations, 2015, asamended (the 'Regulation ')

2. This Statement, which is the responsibility of the Company's Management and approved by the Board of Directors, hasbeen prepared in accordance with the recognition and measurement principles laid down in the Indian AccountingStandards prescribed under section 133 of the Companies Act, 2013 (the 'Act ') read with relevant rules issued thereunderand other accounting principles generally accepted in India. Our responsibility is to issue a report on the Statement basedon ou r review

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements(SRE) 2410, 'Reviewoflnterim Financiallnformation performed by the Independent Auditor of the Entity' issued by the Institute of CharteredAccountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as towhether the Statement is free from materialmisstatement. A review is limited primarily to inquiries of the Companypersonneland analyticalprocedures applied to financialdata and thus provides less assurance than an audit. We havenot performed an audit and accordingly, we do not express an audit opinion

4. Based on our review conducted and procedure performed as stated in paragraph 3 above, nothing has come to ourattention that causes us to believe that the accompanying Statement of unaudited standalone financialresults, preparedin accordance with recognition and measurement principles laid down in the Indian Accounting Standards prescribedunder Section 133 Of the Act, as amended, read with relevant rules issued there under and other accounting principlesgenerally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of theRegulations, including the manner in which it is to be disclosed, or that it contains any materialmisstatement.

For CHOKSHl& CHOKSHI LLPChartered Accountants

FRN - I01872W /W®0045

N ilesh JoshiPartner

M. No. 114749U DIN: 20114749AAAAES6746

Place: Navi Mumbai

Date: 07/09/2020

Chokshi& Chokshi LLI' is a Limited Liability Partnership with LLP Registration No. AAC-8909Regal. Office: 15/17, Raghav.ji'B ' 131dg.. Ground Floor, RaghavjiRtlad, Gowalia Tank, Off Kemps Corner, Mumbai-400036

Tc1.; +91-22-2383 6900 ; F'ax : +91-22-2383 6901 ; Web: www..chokshiandchokshi.colE-mail: contact#Dchokshiandchokshi.com

aurionpro 8Aurionpro Solutions Limited

Statement of Unaudited Consolidated FinanciaIResults for the Quarter ended June 30, 2020

(RS.in lakes)

  Particulars

Quarter ended rear en(led

30.Jun-20 31-Mar-20 30-Jun-19 31-Mar-20

Unaudited Audited Unaudited Audited

l ncome

a) Revenue from Operationsb) Other Income

7.602.06

150.90

l0.306.9541025

11.732.29

128.97

45.502.04978.79

  c) Tota[[ncome [ (a) + (b) ] 7.752.96 l0.717.20 11.861.26 46.4B0.83

 :xpensesja) SoRware.Hardware and Other MaterialCostjb) Change in Inventories of Raw Materials

Finished Goods and Stock in-Trade

lc) Employee Benefits ExpenseId) Finance Costs(e) Depreciation and Amorttsation Expense(f) Other Expenses        

    TotaIExpenses a to     r,43].10 [0.356.]4 IU.rbB.Uy  

  Profit (Loss) before Share of Profit of Associates,Exceptionalltems and Tax [l (c) - 2 (g)

321.86 360.86 1 1.092.37 3.387.07

  Share of Proht of Associates     19.10  5 PrQfiU (Loss) before Exceptiona[[tems and Tax [ 3+4 ] 321.86 360.86 1.111.47 3.427.85

  Exceptionalltems          Profit / (Loss) before Tax [ 5+6 ] 321.86 360.86 1,111.47 3,4Z7.B5

8 Tax Expenses          (a) Current Tax

(b) Deferred Tax Charge/ (Credit) (52.82)3523

(170 53)232.57

(132.17)215.98

(169 46)9 Profit/ ( 0SS after Tax 7-8   339.45 298.BZ I.uzr.bb J, 10U. IU

10 C)cher Comprehensive Income (net of tax) l13.33) (741) 57.61 (25.75)11 TotalComprehensive Income for the period 9+10 326.IZ 291.41 I.UU3.ZI  t2 Profit/ ( 0S£ for the period attributable ta        

  (a) Equity holders of the company

jb) Non Controlling Interest (77.53)41698 341.64

(342.82) 98.97 (23.99)

13 Paid up Equity Share Capital(Face Value of Rs.lO each) 2.280.02 2.280.02 2,323.13 2.280.02

14 Other Equity(Excluding Revaluation Reserve)       52.059.92

15 Earnings per equity share          Basic Rs   .83 2.r4      Dilute R .US I z./4 I J.y+ . I.}Q3

Earnings per equity snare for the qyaBgLfllgggglg not anni icedSeeaceQHpanylnq notes to the financia fglUIB

aurionpr0 8

Notes to the consolidated FinanciaIResults

1. Segment informationjINR in lakhsl

Quarter ended Year ended

lio. Particulars 30-June-20 31-Mar-20 1 30-June-19 31-Mar-20

Segment RevenueInformation technologies andconsults ncy servicesSale of equipment and License

Total(a+b )

Segment Resultsnformation technologies andconsultancy services

Sale of equipment and License

Total(a+b)

Un-allocable expenses

Employee benefits expense

finance costs

Depreciation and amortizationexpensesOther expensesUn-allocable income

Sha re of Profit of Associates

Prof it before tax

Unaudited Audited I Unaudited I Audited

6,904.65

697.41

7,602.06

8,556.12

1, 750 .83

l0,306.95

7,711.78

4,020.51

11.732.29

32,490.81

13,011.23

45.502.04

5,667.88

315.41

5,983.29

5,912.99

900.08

6,813.07

6,423.61

999.51

7,423.12

25,181.52

3,378.75

28,560.27

Less

3,544.26

428.07

3,752.38

468.52

3,690.94

497.92

15,026.67

1.826.42

1041.11

798.89

IS0.90

1,348.24

1,293.32

410.25

951.67 4, 219 .75

Add

Add

1,319 .19128.97

19 . 10

1.111.47

5,079.15978.79

40.78

3,427.85321.86 360.86

Assets & liabilities used in the Company's business are not identified to any of the reportable segment, asthese are used interchangeably between segments. The Management believes that it is not practicable toprovide segment disclosures relating to totalassets and liabilities since a meaningfulsegregation of theavailable data is onerous

2.

3

The Company has consolidated financialresults of allits Subsidiary Companies, Joint ventures/Associatesas per Indian Accounting Standard 110-Consolidated FinancialStatements.

Other Income include foreign exchange gain/floss) of IN R 100.28 Lakhs for the quarter ended 30/06/2020IQuarter ended 30/06/2019: INR l49.19) lakhs).

4 The figures for the earlier periods have been regrouped/ reclassified wherever necessary to make themcompare ble with those of the current period.

The figures for the quarter ended 31/03/2020 are the balancing figures between the auditedect of the fullfinancialyear for 2019-20 and the year to date unaudited figures upto the th

aurionpr0 8

6. The Company's standalone turnover, profit before tax, profit after tax and totalcomprehensive income isas under

Pa rticul ars Quarter ended30/06/2020(Unaudited)

3,723.05138.85126.91100.04

jIN R in lakhslQuarter ended

30/06/2019(Unaudited)

7,604.82223.78108.74128.42

TurnoverProfit before taxProfit after taxTotalComprehensive income

7 During COVID-19 pandemic, the Group has continued operations with minimaldisruption and now startedmoving towards normalcy. In view of COVID -19 pandemic, the Group has considered and taken intoaccount internaland externalinformation/reports/economic forecast etc. and has perf ormed sensitivityanalysis based on current estimates in assessing the impact on revenues and costs. The Group has reliedon available information and assumptions to arrive at the estimates. However, the actualimpact of COVID-19 on the Group's financial statement may differ from that estimated and the Group will continue toclosely m onitor any materialchanges to future economic conditions.

8 As per Regulation 33(3)(h) of the SEBI(Listing Obligations and Disclosure Requirements) Regulations, 201S,eighty percent of each of the consolidated revenue. assets and profits, respectively, needs to be coveredunder limited review. In order to comply with this requirement, two US based subsidiaries are required tobe covered as part of the limited review. But due to COVID-19 pandemic, limited review of said subsidiariess not conducted. Nevertheless, the above mentioned requirement has been covered to the requiredextent in respect of consolidated revenue and profits and around seventy two percent in respect ofconsolidated assets

9. As required under Ind AS 115 "Revenue from Contracts with Customers'', unfilled revenue is accountedon estimate basis in respect of contracts where the contractual right to consideration is based oncompletion of contractualmilestones as confirmed by the technicalteam

10. The Ministry of Corporate Aff airs vide notification dated July 24, 2020, issued an amendment to Ind AS 116.ceases, by inserting a practica]expedient w.r.t "Covid-].9-Related Rent Concessions" effective from theperiod beginning on or after AprilO1, 2020. Pursuant to the above amendment, the Company has appliedthe practical expedient durinf{ the quarter ended June 30, 2020 by accounting the unconditional rentconcessions of INR 42.00 lakhs netted off with "Other expenses" in the financialresults

11 The Statutory Auditors of the Company have conducted a limited review of the consolidated financialresults for the quarter ended 30/06/2020 pursuant to the requirement of Regulation 33 of the SEBI(ListingObligations and Disclosure Requirement ILODR) Regulations 2015. These financial results have beenreviewed by the Audit Committee and thereafter approved by the Board of Directors at their respectivemeetings held on 07/09/2020.

For Aurionpro Solutions Limited

*'::::.;:L.;?'

Place: Navi Mumbai

Date: 07/09/2020.

Amit ShethCo- Chairman and Director

CHOKSHl& CHOKSHILLPChartered Accountants

Independent Auditor's Review Report on the Quarterly Unaudited Consolidated Financial Results Pursuant to theRegulation 33 of the SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

ToThe Board of Directors

Aurionpro Solutions Limited

l We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Aurionpro SolutionsLimited (the 'Holding Company ') and its subsidiaries (the Holding Company and its subsidiaries together referred to asthe 'Group '). and its share of the net profit after tax and totalcomprehensive income of its associates for the quarterended 30/06/2020 (the 'Statement '), being submitted by the Holding Company pursuant to the requirements ofRegulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (theRegulations').

2 This Statement, which is the responsibility of the Holding Company's Management and approved by the HoldingCompany's Board of Directors, has been prepared in accordance with the recognition and measurement principles laiddown in the indian Accounting Standards prescribed under section ].33 of the Companies Act, 2013 (t]'ie 'Act') read withrelevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is tossue a report on the Statement based on our review

3 We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410,Review of Interim Financiallnformation Performed by the Independent Auditor of the Entity ' issued by the Institute of

Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderateassurance as to whether the Statement is free from materialmisstatement. A review is limited primarily to inquiries ofthe Company personneland analytical procedures applied to financialdata and thus provides less assurance than anaudit. We have not performed an audit and accordingly, we do not express an audit opinion

We also performed procedures in accordance with the SEBI Circular No. CIR/CFD/CMDI/44/2019 dated 29.03.2019issued by the Securities and Exchange Board of India under Regulation 33(8) of the Regulations, to the extent applicable.

4 The Statement includes the results of the entities as given in the Annexure I to this report

5. Based on our review conducted and procedure performed as stated in paragraph 3 above, based on the consideration ofthe review reports of other auditors referred to in paragraph 6 below, unaudited financialresults referred in paragraph7 below and read with paragraph 8 below, nothing has come to our attention that causes us to believe that theaccompanying Statement, prepared in accordance with recognition and measurement principles laid down in the IndianAccounting Standards specified under Section 133 of the Act, as amended, read with relevant rules issued there underand other accounting principles generally accepted in India. has not disclosed the information required to be disclosed interms of Regulation 33 Of the Regulations, including the manner in which it is to be disclosed, or that it contains anymaterial misstatement.

6 We did not review the financial results of subsidiaries included in the unaudited consolidated financial results, whosefinancial results reflect total revenues of Rs.3151.42 lakhs, total net profit after tax of Rs.20.50 lakhs and totalcomprehensive income of Rs.15.51 lakhs for the quarter ended 30/06/2020, respectively, as considered in theconsolidated unaudited financialresults. The consolidated unaudited financialresults also include the Group's share ofnet profit after tax of Rs.117.62 lakhs and totalcomprehensive income/(Loss) of Rs.(1.97) lakhs for the quarter ended30/06/2020 respectively, as considered in the consolidated unaudited financialresults, in respect of joint venture, whosenterim financialresults have not been reviewed by us. These interim financialresults have been reviewed by otherauditors/chartered accountant, whose reports have been furnished to us by the Holding Company's Management andour conclusion on the Statement. in so far as it relates to the amounts and disclosures included in respect of thesesubsidiaries and joint venture, is based solely on the report of the other auditors and the procedures performed by us as

CHOKSHl& CHOKSHILLPChartered Accountants

Of the subsidiaries referred to above, in respect of certain subsidiaries, their financialresults have been prepared inaccordance with accounting principles generally accepted in the respective countries of incorporation and the Parent'sManagement has converted these financial results from accounting principles generally accepted in the respectivecountries to accounting principles generally accepted in India. Our conclusion on the Statement is not modified inrespect of this matter.

7 The accompanying unaudited consolidated financialresults include the financialresults of certain subsidiaries which havenot been reviewed by the auditors/chartered accountants, whose financial results reflect total revenue of Rs.1202.26lakhs, totalnet profit after tax of Rs.17.62 lakhs and totalcomprehensive income of Rs.0.002 lakhs, for the quarter ended30/06/2020, respectively, as considered in the consolidated unaudited financialresults. These financial results have beenprepared in accordance with accounting principles generally accepted in the respective countries of incorporation and theHolding Company's Management has converted these financialresults from accounting principles generally accepted inthe respective countries to accounting principles generally accepted in India. These financialresults have been presentedsolely based on information compiled by the Holding Company's Management and approved by the Board of DirectorsAccording to the information and explanations given to us by the Parent's Management, these financialresults are notmaterialto the Group. Our conclusion on the Statement is not modified in respect of this matter

8. We draw your attention to note 8 to the consolidated financial results, which describes the extent of coverage ofconsolidated revenue, assets and profits pursuant to the requirements of Regulation 33(3)(h) of Listing Regulations. Ourconclusion is not modified in respect of this matter.

For CHOKSHl& CHOKSHILLPChartered Accountants

FRN - I01872W /W4)O04S

\93--':Nilesh Joshi

PartnerM. No. 114749

U DIN: 20114749AAAAET1446

Place: Navi MumbaDate: 07.09.2020

Chokshi& ChokshiLLP is a Limited Liability Partnership with LLP Registration No. AAC-8909Regd. Office: 15/17. Ragha\lji'B ' 131dg.. Ground Floor. RaghavjiRoad, Gowalia Tank, Off Kemps Comer. Mumbai-400036

Tc1.: +91-22-2383 6900 ; Fax : +91-22-2383 6901 ; Web: www.chokshiandchokshi.comE-mail: contact@chokshianclchokshi.com

CHOKSHl& CHOKSHILLPChartered Accountants

Annexure lto the Independent Auditor's Review Report on the Quarterlv Unaydjtqd (IQ $Qlidqtqd 11iq QiplBq$plt$

Unaudited Consolidated FinanciaIResults for the quarter ended 30/06/2020 include results of the f ollowing entities

1. Aurionpro Fintech Inc2. Aurionpro Futur© Solutions Pte Limited3. Aurionpro Holdings Pte Limited4. Aurionpro Market Systems Pte Limited5. Aurionpro Solutions (Africa) Limited6. Aurionpro Solutions PLC7. Aurionpro Solutions Pte Ltd8. Aurionpro Solutions Pty Limited9. Cyberinc Corporation10. AurofidelOutsourcing Limitedll. Integrosys Corporation12. Integro Technologies Co. Ltd13. Integra Technologies Pty Limited14. Integro Technologies Pte Limited15. Integra Technologies SDN.BHD16. Integra Technologies(Vietnam)17. Intellvisions Software LLC18. Intellvisions Solutions Pvt. Ltd19. PT Aurlonpro20. Sena Systems Private Limited21. Servopt Consulting Private Limited22. Spike Inc.23. SC Soft Pte. Ltd24. Neo.BNK25. Extrabox Pte Ltd26. Shenzhen SC Trading Co. Ltd27. SC Soft SDN BHD28. SC .Sn4:;e1lhnologies Private Limited

K"tl;>... . ../ /?

Chokshi& Chokshi LLP is a Limited I,iabilitl' Partnership with I,LI' Registration No. AAC-8909Reed. Office: 15/17, Raghaxlji'B ' Bldg., Ground Floor, Raghax(ji Road, Gowalia Tank, Off Kemps Corner, Mumbai-400036

I'e1.: +91-22-2383 6900 ; Fax : +91-22-2383 6901 ; U-'eb: www.chokshiandchokshi.corE-mail; contact@chokshiandchokshi.com