Date : 14.11.2018 To, BSE LIMITED Phiroze Jeejeebhoy Towers Dalal Street , Mumbai – 400001 Tel:022-22721233/34 Fax: 022-22722131/1072/2037/2061/41 Email: [email protected][email protected]Scrip Code: 532172 To, THE NATIONAL STOCK EXCHANGE LIMITED, Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai - 400051 Tel: 022-26598235/36/452 Fax: 022-26598237/38 Email: [email protected]Scrip Code: ADROITINFO Sub: Board Meeting Outcome Ref: Scrip code 532172(BSE), ADROITINFO (NSE) Dear Sir/Madam The Meeting of Board of Directors of the Company was held on Wednesday the 14th November, 2018 at 5:00 p.m, at the Registered Office of the Company, the Board inter-alia considered and approved the following: 1. Approved Un-Audited Financial Results of the Company for the Quarter and Half year ended 30th September, 2018 (Standalone and Consolidated) after view by its Audit Committee. Pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligation and Disclosure Requirement) Regulation’2015, a copy of the Un-Audited Financial Results of the Company for the Quarter and Half year ended 30th September, 2018 (Standalone and Consolidated) along with Limited Review Report of Auditors of the Company is enclosed herewith. The meeting of the Board of Directors started at 05:00 p.m. and ended on 06:50 p.m. This is for kind information and records. Please acknowledge the receipt of the same. Thanking you. Yours faithfully, For Adroit Infotech Limited S Sudhakiran Reddy Managing Director DIN:01436242
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1 Th<-sc l,nJfKoJI rcsu t, have been prepared in atcordante with lnd,an Accounting Standards (Ind A?) is prttcribed under sernon !.U of th4 Compan1e1. Act,2013 rud w,thr£>,•Plt'nt ruh? of thoe COmpan? ( Ind an Actounti"I Standards) Roh?'\ 1015 and relevant amendment rule? tl\ereafter
1 The .. bovc unaud,ted fin?ncia resu ls for the qu.irter endetJ 30th September, )011! we,e t?ken on record at the m('eMg of the Board of Drmr"tors held on 14th Novc-mber, 2018after b.:ini: rev .... wed c1nd re<ommcnded bv thE' Audit Comm,ttl'I'
? ?eament Repoo,ne· Sole business segment
Sa?cd on th!?' M.lflol emer1t ADp,oach- ,h defin,·d on Ind A<; IOR • Oprr?t,nc S1>gmenu,the Comp.>ny o< pnma,,ly l'ncaged ,n tho• bu?1nc:?? of SAP Suppcn Scf"c?? wh,ch thc.mJe1acement recognires as tile iolc business segment. Hence, d1\cl?ure of S<'&nlt'nl·WISC ,nform<1t1on ii not reQulrrd and J((Ord1rtr.lv not pro.,de<14 th ... t?u•c) tor the previous per1od/yeJr h,1vc been rcero ... oeo/reclassilied, wnertver necessaf',I
Total Equity and Liabilities 3,470.71 3,303.57 5,785.25 5,592.62
By order of the Board-
For ADROIT INFOTECH LIMITED xOT
?(formerly Sphere Global Services Limi?
-? u?U)? ?
@S.Sudhakiran Reddy * ?Date · 14-11-2018 Managing Director
'YIder
Place· Hyderabad DIN:01436747 -
niranjan & narayanchartered accountants
first floor. h.no: 7-1-28/1/A/21
# 21 park avenue colonyshyamkaran road. ameerpet
hyderabad .500 016
tel 23741774. cell: 9490189487e-mail camranian@yahoo com
www.nncas com
LIMITFD R_EVTEW REPORT
1. We h.1vr reviewed the accornpanyinq statement of Unilutlrleu Standalone f-manc1al results of M/ s.Adroit Infote<"'h Lt mrtco ("the Company") tot ! I ,I.! quarter und tr ..1Jf year ended J01 September,2018 (the "Statement") attached herewuu, being submitted by the Company pursua-it to therequirement of Regulation 33 of the SEDJ (Listing Obligations and Disclosure Requ rernents)Regulations, 2015, read with SEBI Crrrular No. CIR/CFD/FAC/62/2016 dated July ?' 2016.
Tile Preparation of the Statement rn dc.t.urd<1 nee w1 h the rccoqmtron .:1ntl measurement principleslaid down rn tndtan Accoununq Standdrd 3'1, In .crun rm,inc1dl Reporting (Ind AS 34) prescribecunder section 133 of Companies Act, 7013, r<:,HJ w1tt1 Ruic 3 of Companies (Indian AccountiuqStandards) Rules, 2015 read with SEB1 CirCLJla1 No. ClR/CFD/FAC/62/2015 dated July 5 2016 1s heresponsibility of the Company's Mdndgcment and has been approved by the Board of Dirertors ofthe Cornpanv: Our responstbtlttv ls lo express a conclusion on tile Statement based on our review.
2. VJe conducted our review in accorrtancs with the Sta ndarrlc; on Review Engagement (SA.E) 24 Io,'Review of Intcrtm finctnCJdl tntormstton performed by the Independent Auditor of the! entity" issuedby the Institute of Chartered Accountants of India. ·11iis standard requires that we plan and performthe review to obtain moderate assurance as lo whether th<' fin.:incial statements arc (rec ofmaterial m isstatemcn+. A r cvicw is limited pnnwnly to iuqutrtes of Company personnel andanalytical procedures t1pplied lo flnanrrat dolu and thus provide less dS?unmce than an audit. Wehave not pcr Iur med an audrt and accordingly, we do not express an audit opimon.
3. Based on our review conducted as above, nothing nas come Lo our aucnuon that C.:'lU'-"S us tobelieve that the accompanying st aternent p1 f'iJill cd in accordance wrth rccoqnltion andmeasurement pnncrptcs IJ1d down rn the <1ppliLdllh..! Indian Accounting Standards µrcscrit)eC u11derscct1or1 133 of the Com11an1?? Act' 2013, re,id 1N1Ch rr.l<'vant rules issued there under i:lnd otherrccoynized acc:ounti119 pr;ictic1:> .J nd policies hils not d1sc:lo-,pcf Lhe inF01 matron r0.<1111r0(1 to h •
rt1sc1oscd 1n k ns uf Reg1llation 33 of th? Sff3J (L1:,l111q Oulig<Jtions L111<.JDisclosure Rcqu11 e111c11t?.}Rcgulat ons, 2015, rcild with Sff31 Cu culc11 No. CIR/UlJ/f-AC/G2/2016 dated July 5, 2016, includingthe mJnncr in which il is lo LI:! disclosed, or that 1L contains any matP.ri.il 1111sstdtemem.
Placf': - HyderdtxidDate:· 1<11hNovcmt.>er,2D I:,
For NlRANJAN & NARAYAN
Chartered Accountants
t=RN· 00 ""Inc:-
<::>,C' .__),....,(:)
p V_ _
ADHAVA t\/\V
Partner - No 2 7
niranjan & narayanchartered accountants
first floor, h.no 7-1-28/1/A/21
# 21 park avenue colonyshyamkaran road, ameerpet
hyderabad - 500 016
tel 23741774, cell: 9490189487
e-mail caniranjan@yahoo com
www.nncas.com
LIMITED REVIEW nEPORT
1. We have reviewed the accompanying statement of Consolidated lJ11dudited financial tPc;11lt? of M/s.Adroit Infotech Limited (''tl\e Parent") and its subs1dia1 ies (together, the "Group") Ior the quarterand half year ended 301h Seµtembcr, 2016 ( L11e "Statement"} attached herewith, being submitted bythe Parent Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligationsand Disclosure Requirements) R?gulations, 2015, read with SEBI Circular No.CJR/CFD/FAC/62/2016 dated July 5, 2016
The Preparation of the Statement In accordance with th? recognition and measurement principleslaid down in Indian Accounting Stand a rd 34, Interim Flnancta I Reporting (Ind AS 34) prescribedunder section 133 of Companies Act, 2013, read w1tt1 Ruic 3 of Companies (Indian AccountingStandards) Rules, 2015 read with SEBI Circular No. CTR/CrD/FAC/6?/2015 dated July 5 2016 is theresponsibility of the Cornpauv's, M,magement and has boon approvad by the Board ot Directors ofthe Company. Our responsibility is to express il cuncluston on the Statement based on our review.
2. We conducted our review in accordance with the Standards on Review EngagemQnt {SRE:) 2410,'Review of tnterim tioeactst Information performed by the Independent Auditor of the entity" issuedby the Institute of Chartered Acrountants of India. This standard requires that we plau and performthe review to obtain moderate assurance as to whether the fimmciaJ statements are free of matcnalmisstatement. A review is limited pnrnartlv to inquiries of Company personnel and analyUcaJprocedures applied to financial data and thus provide less assurance than an audit We have notperformed an audit and accordingly, we do not express an audit optruon,
3. We did not review the l111anciul statements ct two subsrdrartes ; these nnancrat statements and otherfinancial information have been reviewed by the Management. Our opinion, in so far dS it relates tothe operations and affairs of such subsidiaries is based solely on the assertions of the Marn:igemenc.Our opinion is not modified in respect of this matter.
4. Based on our review conducted as above, noth 119 has come to our attenuon that causes us tobelieve that tho accornpanvinq st atcrneut of unaudited firnrnc1al results prepared in accordance withrecognition and measurement principles laid clown in the appucebte Indian Accounting Standarrtsprescribed under section 133 or I he Comparues Act' 20-13, read with relevant , ules issued thereunder and other recoqnrzed accoununq oracuce and policies bas not disclosed the informationrequired to be crisctosod in terms N RegulcJtiu11 33 of L11e SEB! ( L1?ting Obligations and DisclosureRequirements) RcguJalions, 2015, read with SEl3J Ctrcular No. CJR/CFD/FAC/62/2016 dated July 5,2016, including the mariner in which 1t rs to be disclosed, or that it contains any materialmisstatement.
