Trejhara

Trejhara Solutions Limited Unit No. 601, Sigma IT Park, Plot No. R-203, R-204 T.T.C. Industrial Estate, Rabale, Navi Mumbai -400701.MH- INDIA

Phone Fax + 91 22 4040 8081

investor@trejhara.com www.trejhara.com

CIN: L72900MH2017PLC292340

+ 91 22 4040 8080

14th September,2020 To, Deptt. of Corporate Services- Listing National Stock Exchange of India Limited Exchange Plaza, Plot no. C/1, G Block, Bandra-Kurla Complex, Bandra (E) Mumbai – 400051

SUB: UNAUDITED (STANDALONE & CONSOLIDATED) FINANCIAL RESULTS FOR THE FIRST QUARTER/THREE MONTHS ENDED 30TH JUNE, 2020 ALONG WITH LIMITED REVIEW REPORT.

Dear Sir/Madam, Pursuant to Regulation 33 of the SEBI (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 Limited Review Report thereon received from M/s. Bajarang Paras & Co., Statutory Auditors of the Company.

Tre hara

Trejhara Solutions Limited

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

Sr Particulars

No.

1 Income (a) Revenue from Operations (b) Other Income

(c) Total Income [(a)+ (b) J 2 Expenses

(a) Software Development and other related Expenses (b) Employee Benefits Expense

(c) Finance Costs (d) Depreciation and Amortisation Expense (e) Other Expenses

(f) Total Expenses [ (a) to (e) ) 3 Profit/ /Loss\ before Exceotional Items and Tax 11 le\. 2 /fll 4 Exceptional Items 5 Profit I (Loss) before Tax [ 3+4 J 6 Tax Expenses

(a) Current Tax (bl Deferred Tax (Credit)

7 ProfiU (Loss) after Tax [ 5. 6) 8 Other Comorehensive Income /net of tax) 9 Total Comorehensive Income for the oeriod r 7+8 1 10 Paid-up Eauitv Share Caoital (Face Value of Rs. 10 each) 11 Other Eauitv CExcludina Revalualion Reserve) 12 Earninas per Eauitv Share

-Basic (Rs.) -Diluted (Rs.)

• Earninas oer eau,tv share for the ouarter ended are not annualized. See accomoanvina notes to the financial results

Trejhara Solutions Limited Unit No. 601 , Sigma IT Park, Plot No. R-203, R-204 T.T.C. Industrial Estate, Rabale, Navi Mumbai -400701.MH- INDIA

Quarter ended

30/Jun/20 31/Mar/20

Unaudited Audited

769.54 1,125.86

31.09 127.32 800.63 1,253.18

21.54 14.91 545.61 906.04

46.52 80.31 19.94 19.88 86.66 259.84

720.27 1,280.98 80.36 /27.801

- -80.36 (27.80)

29.60 (0.20) (10.28) (12.14)

61.04 (15.46) (13.09) (55.58)

47.95 (71.041 1181.63 1 181.63

. .

0.52 10.13) 0.52 10.13)

Phone +91 22 4040 8080 Fax +91 22 4040 8081

/Rs.in lakhs Year ended

30/Jun/19 31/Mar/20

Unaudited Audited

856.88 3,343.80

60.18 731.81

917.06 4,075.61

53.20 96.51 592.59 2,543.51

58.26 268.69 19.48 79.21

135.66 642.45

859.19 3,630.37 57.87 445.24

. . 57.87 445.24

22.10 128.60 (4.64) (12.74) 40.41 329.38 10.22 (24.28) 50.63 305.11

1181.63 1 181.63 . 25 937.12

0.34 2.79 0.34 2.79

investor@trejhara.com www.trejhara.com

CIN: U72900MH2017PLC292340

Tre hara

Notes to the Standalone Financial Results:

1. The Company operated in Software Consultancy and License business which is the only reportable segment. Therefore, the same has not been separately disclosed in line with provision of Ind AS 108 'Operating Segment.

2. Other Income includes foreign exchange gain/ (loss) of INR 3.09 Lakhs for the quarter ended 30/06/2020 (quarter ended 30/06/ 2019: INR (36.36) Lakhs).

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

4. The figures for the quarter ended 31/03/2020 are the balancing figures between the audited figures in respect of the full financial year 2019-20 and the published unaudited year to date figures up to the third quarter ended 31/12/2019.

5. During COVID-19 pandemic, the Company has continued operations with minimal disruption and now started moving towards normalcy. In view of COVID -19 pandemic, the Company has considered and taken into account internal and external information/reports/economic forecast etc. and has performed sensitivity analysis based on current estimates in assessing the impact on revenues and costs. The Company has relied on available information and assumptions to arrive at the estimates. However, the actua l impact of COVID-19 on the Company's financial statement may differ from that estimated and the Company will continue to closely monitor any material changes to future economic conditions.

6. The Statutory Auditors of t he Company have conducted a limited review of the standalone financia'I results for the quarter ended 30/06/2020 pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirement (LODR) Regulations 2015. These financial results have been reviewed by the Audit Committee and thereafter approved by the Board of Directors at their respective meetings held on 14/09/2020.

I

I! ./ ,, .. g. ~· \ 11 6(' .v

'

Place: Navi M umbai Date: 14/09/2020

Trejhara Solutions Limited Unit No. 601 , Sigma IT Park, Plot No. R-203, R-204 T.T.C. Industrial Estate, Rabale, Navi Mumbai -400701.MH- INDIA

For Trejhara Solutions Limited

Phone +91 22 4040 8080 Fax +91 22 4040 8081

Amit Sheth Chairman and Director

investor@trejhara.com www.trejhara.com

CIN: U72900MH2017PLC292340

Bajrang Paras & Co. Chartered Accountants

Independent Auditor's Review Report on the Quarterly Unaudited Standalone Financial Results of the Company l'ursu,mt to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirement<,) Utgullltinns, 2015, as amended

Rcvil.!W neport to l1w Board of Director., I rejhua Solution\ limited.

1. Y.c have r,•vi wed Ute accompan)ing st.atement of unaudited standalone financial re~ults of Trejhara Solutions I imited (the Company') for the quarter ended June ,o, 2020 (the "C.,tatcml'nt") att,Khcd hl'rl'1,ilh, hcmg uhmitted b} the Company pursuant to the requirements of Reguliltion ,, of the C.,[:131 (I i5ting Ohligatrom, and Discl~ur,• Requirements) Regulations, 2015, as amended ('the Listing l~egulation').

2. The pn•paration of the Statement in accordance with the recognition and measurement principles laid down in Indian Ac.counting Standard 34, (Ind AS 34) Interim Financial Reporting" prescribed under Section 13:\ of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles genl·rally acccpt11d in India, read with the Circular is the responsibility of the Company's management and has b,'lm approwd by the Board of Directors of the Company. Our responsibility is to express a conclu~1on on tlw St,111·nwnl ba-.ed on our rcview.

3. \\\• rnnductl•d our revie~ of the Statement in accordance with the 51,mdard on Rcvic,, Fngagt•m1mls (SRI') 2410, "Re\ ie\\' of Interim Financial Information Performed by the Independent Auditor of the Lntit\' b~ued Ill thl' ln~titute of Chartered Accountants of India. This standard requires that we plan and perform the re, iew to obtain moderate assurance as to whether the Statement is free of material misstatement. A re, 1ew 1s limited prim.irih lo inquiries of company personnel and analytical procedures applied to financial data and thus pru\'idcs les~ a!>surance than an audit. We have not performed an audit and according!~, we do not express an audit opinion.

4. Based on our review conducted as above, nothing has come to our attention that causes u5 to bclicvl' that lhl' accompanying Statement, prepared in accordance wilh the recognition and measurement pnncipll'~ laid down in the applicable Indian Accounting Standards ('Ind AS') specified under Section 131 of the Companil'~ Ari. 2013 as amended, read with relevant rules issued thereunder and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of the Regulation, read with thL• Circular, including the manner in which it is to be disclosed, or that it contains any material misstatement.

FOR BAJRANG PARAS & CO. Chartered Accountants Firm Registration No. 118663W

Bajra g L. Agarwal Partne Membership No 049132

UDIN: 20049132AAAABO2719

Date: September 14, 2020 Place. Mumbai

B-303, Riddhi Siddhi Complex, Noor ST Bus Depot, Sukorwodi, MG Rood, Bonvol, (E), Mumbai 400 066. Tel.: + 91-22-28914 7 48 / 49 • Email cobojrong.poros@gmoil.com / cobl.poros@gmail.com

Trejhara

Trejhara Solutions Limited

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

Sr No. Particulars

1 Income

(a) Revenue from Operations

(b) Other Income

(c) Total Income [(a)+ (b) I 2 Expenses

(a) Software Development and other related Expenses (b) Employee Benefits Expense

(c) Finance Costs

(d) Depreciation and Amortisation Expense

(e) Other Expenses

I n\ Total Exoenses f (al to /el 1

3 Profit/ (Loss) before Exceptional Items and Tax (1 (e) - 2 (g)]

4 Exceptional Items 5 Profit I (Loss) before Tax [ 3+4) 6 Tax Expenses

(a) Current Tax

(b) Deferred Tax (Credit) 7 ProfiU (Loss) after Tax r 5 - 61 8 Other Comprehensive Income (net of tax) 9 Total Comprehensive Income for the oeriod 17+81

10 Paid-up Equity Share Capital (Face Value of Rs.1 O each)

11 Other Equity (Excluding Revaluation Reserve)

12 Earnings per Equity Share• - Basic /Rs. l - Diluted /Rs.)

• Earninas oer eauity share for the auarter ended are not annulised. See accomoanvinq notes to the financial results

Trejhara Solutions Limited Unit No. 601 , Sigma IT Park, Plot No. R-203, R-204 T.T.C. Industrial Estate , Rabale, Navi Mumbai -400701.MH- INDIA

Quarter ended

30/Jun/20 31/Mar/20

Unaudited Audited

1,046.21 1,813.65 38.69 179.99

1,084.90 1,993.64

143.60 478.93 574.65 956.89

50.37 97.29

24.67 24.59

111.88 332.88 905.17 1 890.58

179.73 103.06

- -179.73 103,06

34.70 (32.33)

(10.28) (12.14) 155.31 147.53 (13.13) (76.26) 142.18 71.27

1,181.63 1,181.63

- -

1.31 1.25 1.31 1.25

Phone +91 22 4040 8080 Fax +91 22 4040 8081

(Rs.in lakhs)

Year ended

30/Jun/19 31/Mar/20

Unaudited Audited

1,365.68 5,848.94

(163.64) 399.03

1,202.04 6,247.97

219.30 1,311.26 624.16 2,690.73

58.25 489.74

23.99 97.60

170.32 836.76 1 096.02 5 426.09

106.02 821.88

- -106.02 821 .88

27.48 140.65

(4.64) (12. 74) 83.18 693.97

7.92 (38.86) 91.10 655.11

1,181.63 1,181.63

- 44,094.14

0.77 5.87 0.77 5.87

investor@trejhara.com www.lrejhara.com

CIN: U72900MH2017PLC292340

T hara Notes to the consolidated Financial Results:

1. The Company has consolidated financial results of all its subsidiary companies as per Indian Accounting Standard 110-Consolidated Financial Statements.

2. The Company operated in Software Consultancy and License business which is the only reportable segment. Therefore, the same has not been separately disclosed in line with provision of Ind AS 108 'Operating Segment.

3. Other income includes foreign exchange gain/ (loss) of INR 10.68 Lakhs for the quarter ended 30/06/2020 (quarter ended 30/06/2019: INR (164.63) Lakhs).

4. The Company's standalone turnover, profit before tax, profit after tax and total comprehensive income is as under:

{INR in Lakhs) Particulars Quarter ended 30/06/2020 Quarter ended 30/06/2019

(Unaudited) (Unaudited) Turnover 769.54 856.88 Profit before tax 80.36 57.87 Profit after tax 61.04 40.41 Tota l Comprehensive Income 47.95 50.63

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

6. The figures for the quarter ended 31/03/2020 are the balancing figures between the audited figures in respect of the full financial year 2019-20 and the published unaudited year to date figures up to the third quarter ended 31/12/2019.

7. As per Regulation 33(3)(h) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, eighty percent of each of the consolidated revenue. assets and profits, respectively, needs to be covered under limited review. In order to comply with this requirement, one subsidiary is required to be covered as part of the limited review. But due to COVID-19 pandemic, limited review of said subsidiary was not conducted. Nevertheless, the above mentioned requirement has been covered to the required extent in respect of consolidated revenue and profits and around forty five percent in respect of consolidated assets"

8. During COVID-19 pandemic, the Group has continued operations with minimal disruption and now started moving towards normalcy. In view of COVID -19 pandemic, the Group has considered and taken into account internal and external information/reports/economic forecast etc. and has performed sensitivity analysis based on current estimates in assessing the impact on revenues and costs. The Group has relied on available information and assumptions to arrive at the estimates. However, the actual impact of COVID-19 on the Group's financial statement may differ from that estimated and the Group will continue to closely monitor any material changes to future economic conditions.

9. The Statutory Auditors of the Company have conducted a limited review of the consolidated financial results for the quarter ended 30/06/2020 pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirement (LODR) Regulations 2015. These financial results have been reviewed by the Audit Committee and thereafter approved by the Board of Directors at their respective meetings held on 14/09/2020.

Place: Navi Mumbai

Date: 14/09/2020

Trejhara Solutions Limited Unit No. 601, Sigma IT Park, Plot No. R-203, R-204 T.T.C. Industrial Estate, Rabale, Navi Mumbai -400701.MH- INDIA

Phone +91 22 4040 8080 Fax +91 22 4040 8081

Amit Sheth Chairman and Director

investor@trejhara.com www.trejhara.com

CIN: U72900MH2017PLC292340

Bajrang Paras & Co. Chartered Accountants

lnderendent ,\uditor', Re~iew Report on the Quarterly Unaudited Consolidated Financial Results of the omp.any rur.:uant to the Regulation 33 of the S£:81 (listing Obligations and Disclosure Require ment<,)

Regulation!,, 201r;, as amended

Rl'Vic~" RC?port to 1 he? Board of Director. 1 rcjhua olution~ l imitcd

1. \\e h,l\l' re\ IC\\cd th a,compan)ing '>totemcnt of unaudited Consolidated Fin,rnci,11 Resu lts o l J rPjhar,1 Solutions 1.im11cd ("th Parl'nt1, and its subsidiarie,s (the Parent and its c;ubs1di.ir1t•s togl'ther referred to ,ic; ' tlw Grciup'), for the quarter ended June 30, 2020 (the •statement') attached hl•rew,th, being <,uhm1tll•d b, tlw 1'.111.'nt pursuant to the rcquircm nt of Regulation :n of the SEBI (Listing Ohligations and Di'icl<,c;u1e l~equm•nwnt,} RL•gulation,, WI 5, as amended ( the I isling Rcgulahon'),

:!. I his Statcml!nt, which i, the rc.<;ponsibility of the Parent's Management and approved b, the P.m,nt., Bo.ird ot O1re<tors, has bcen prl.'parL>d in accordance with the recognition and measurement principlt.>s laid down in Indian Accounting Standard 3-1, (Ind AS 3-1) "Interim Financial Reporting' prescribed under Sccti0n B:I of the

ompanic:, Act, :?013 as amended, read with relevant rules issued thereunder and other accounting principll', gl'nl•rall~ acu·ptcd in India read with the Circular Our responsibilit\ is to express a conclusion on tlw

!:-ta h:iment bd~cJ on our H!\ ie".

, \\l' conducted our fl•,·il'\' of the Statement in accordance with the c;tandard on Re, il'\' I ngagl•nwntc., (SRI·) :!.-110, "RI!, ie,, ot Interim financial Information Performt'<i b, U,e Independ ent Auditor nf tlw I ntit) ..,.,ued b1· the Institute of Charh!rL>d Accountants of India. A revie\, of interim financial information .:ons1c.,1'> 11( mal-.ing inquiril'S, primaril) of pt!rsons responsible for financial and accounting matte rs, anJ appl) mg anal\ tical ,ind other review procedures. A review is substantial!} less in scope than an audit conducted in accordance with Standards on Auditing and consequent!\ does not enable us to obtain assurance that we would tx>conw a" art• of all ~ignificant m,1tters that might be identified in an audit. Accord ing!\, we do not express an audit op1111011

\\e alc.o performed procedure'> in accordance with U1e Circular issued b, the t;ecuntll'" and I ,d1<111gl' 1\11.ird 111 India under Regulaticm 'H(8) of the SEBI (L isling Obhgahons and Disclosure Requirl•nwnts) Rl•gul,1ti1111,. 2015

as amended, to tlw e,tl'nt applicable

4 The Statement includes the result of the following entities:

Parent Company: (i) Trejhara Solutions Limited Suh<.idiari!?S: (i) Auroc;cient Solutions Limited (ti) Aurionpro SPC Bahrain (1i1) Trejhara Pte Limited

5. Based on our review conducted as above, and except for the possible effect ol the nMtll' r, dl'Slnbcd 111 pardgraph 6 below, nothing has come to our attention that causes us to l:>cl1ew that the accompam ing Statement, prepared in accordance with recognition and measurement principles laid do,, n m tlw afon.>c.,aid Indian Accounting Standard specified under Section 133 of tl,e Companies Act, 2013, as amended, read " ·1 th relevant rul!?S issued thereunder and other accounting principles gene rally accepted in India, hc1s not dic.,cl11sl•d the information required to be disclosed in terms of the Regulation, rl•ad with thl' Circu lar, including th,• manner in which it,., to bL• dic,closed, or that it contains am material m1c.,statPnwnt

B-303, Riddhi Siddhi Complex, Near ST Bus Depot, Sukorwodi, MG Rood, Borivali (E), Mumbai 400 066. Tel.· +91-22-28914748 / 49 • Email: cobojrong.poros@gmo,l.com / cobl.poros@gmoil com

Bajrang Paras & Co. Chartered Accountants

o We did not review the intenm financial results and other financial information in rc'>pcct of two subsidiaries, whose interim financial results reflect total revenues of Rs. 399.42 lakhs, total net profit after tax of Rs 111.11 lal...hs and total comprehensive income/(loss) of Rs. 111.22 lakhs for the quarter ended 30th June 2020. These interim financial results and other financial information have been reviewed b}

other auditor, whose re ports have been furnished to us by the management. Our conclusion, 111 c;o for a., it

relates to the affairc; of a subsidiary is based solely on the report of other auditor. Our conclusion is not modified in respect of this matter.

7. accompanying unaudited consolidated financial re~ult includes unaudited interim financial H''>Ulh <111d other unaudited financial information in respect of one subsidiary, whose interim financi,1I re<;ult.-, rcfll>c l total revenue of Rs. 18.75 lakhs, total net loss after tax of Rs. 16.78 lakhs and total comprchcnsivc los'> of Re. 16.8-1 lakhs for the quarter ended 301h June 2020 as considered iJ1 the unaudited consolidated financial results. These financial results and other financial information have neither been audited nor been revie\\ed by other auditors a nd have been presented solely based on information compiled b\ tlw Management and approved by the Board of Directors. Accordingly, we are unable to comnwnt on tlw impact, if an), on the State ment of unaudited consolidated financial result,; if the sc1mc IMd bc1•11 re\ ll' \\ l'd or audited .

8. We draw your attention to note 7 to the consolidated financial results, which describes the extent of coverage of consolidated revenue, assets and profits pursuant to the requirements of Regulation 33(3)(h) of Listing Regulations. Our conclusion is not modified in respect of this matter

FOR BAJRANG PARAS & CO. Chartered Accountants Firm Registration No. 118663W

Bajran . Agarwal Partner Membersrup No 049132 UDIN 20049132AAAABN1982

Date· September 14, 2020 Place · Mumbai

B-303, Riddh1 Siddhi Complex, Near ST Bus Depot, Sukarwadi, MG Rood, Borivali (E), Mumbai 400 066. Tel.: +-91-22-28914748 / 49 • Email: coba1rang.paras@gmail.com / cobl.poros@gmoil.com