Compucom Software Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2023

1.The financial results of the Company have been prepared in accordance with Indian Accounting Standards ('Ind AS') prescribed under section 133 of the Companies Act, 2013 ('the Act') read with the relevant rules thereunder and in terms of Regulations 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
2.The above results for the quarter and year ended 31st March, 2023 were reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on 22th May 2023. The statutory auditors have expressed as unmodified audit opinion on these results.
3.Figure for corresponding previous year have been regrouped / reclassified wherever necessary.
4.Figures of last quarter for standalone results are the balancing figures between audited figures in respect of the full financial year and the published year to date figures upto the third quarter of the relevant financial year.
5.Statement of Cash Flow is attached in Annexure A.
6.With reference to the SEBI circular dated nov., 26 2018 and April, 11 2019 in respect of fund raising by issuance of debt securities by large corporate and disclosure compliance thereof we would like to inform you that our Company is not coming under the large corporate category as per the framework provided in the aforesaid circulars.
7.Other income (Rs. 281.75 lakhs) of current year is not comparable with that of the preceding year (Rs. 2207.51 lakhs), as in the preceding year it was higher on account of higher recovery of past years' bad debts of Rs. 1815.52 lakhs than in the current year of Rs. 21.13 lakhs.
8.The amount of Rs. 98.50 lakhs reflected under exceptional item is write - back of a creditor which is no longer payable.
9.The Board of Directors has recommended dividend @ 20% i.e. Rs.0.40/- per share of Rs. 2 each for the F.Y. 2022-23, subject to approval of the Shareholders in the ensuing Annual General Meeting.