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MEGASOFT LIMITED

CIN : 172200TN1999P1C042730
Block'A" Wing 1, Level 5 & 6, Cyber Gateway
MadhaPur, HYderabad

Tel

,\,8Hf,;45{}'fiT

L9 October 2016

BSE Limited

NationalStock Exchange of India Limited

Phiroze JeeJee Bhoy Towers


DalalStreet, Fort

Exchange Plaza
Bandra-Kurla Complex, Bandra(E)

Mumbai400001

Mumbai400051

Scrip Code:532408

Symbol: MEGASOFT

Dear Sirs

we attach the statement on lmpact of Audit Qualifications for the Financial year ended March gL,201,6
of the Company in terms of Regulatio n 33/52 of the SEBI (LODR) (Amendment) Regulation
s,20,J,6.
Kindly take information on records & Oblige.

Thanking you

ff)
Company Secretary & Compliance Officer

500081

Telangana, India.
+91 (40) 4033 0000; Fax : +91 (40) 4013 3555
website : ww\ /'megasoft.com

MEGASOFT LIMITED
CIN : 172200TN1999P1C042730
Block "A" Wing 1, Level 5 & 6, Cyber Gateway
MadhaPur, HYderabad - 500081
Telangana, India.
+91 (a0) 4033 0000; Fax : +"91 (40) 4013 3555
website : www.meqasoft.com

Tel

rls'lI:i:; ,,1iit-.pil:1i

STATEMENT ON IMPACT OF AUDIT QUALIFICATIONS FOR THE FINANCIAT YEAR ENDED MARCH 31,

2016
[See ReFulation 33/52 of the SEBI (LODR) (Amendment) Resulations, 20161

ln

Consolidated

Standalone

Audited Figures (
before adjusting for
qualifications)

Particulars

s.
No

Adjusted Figures
(audited figures after

Audited Figures
( before adjusting
for qualifications)

adjusting for

Turnover / Total
income

30,89,12,s41.00

30,89

,r2,54i..00

66,49,84,819.00

66,49,84,819.00

Total Expenditure
Net Profit/(Loss)

30,46,96,998.00
42,15,543.00

30,46,96,998.00
42,15,543.00

6s,20,03,462.00
L,29,87,357.00

65,20,03,462.00

0.10

U.5U

0.30

3,09,93,61,242.00
3,09,93,61,242.00
s4,30,55,368.00

2,81,91,50,078.00
2,81,91,50,078.00
26,28,44,204.00

Earnings Per

0.10

Share (Rs.)
5

TotaI ASSets

Total Liabilities
Net Worth

Any

Adjusted Figures
(audited figures after
adjusting for

qualifications)

qualifications)
L

Rs

Statement on lmpact of Audit Qualifications for the Financial Year ended March 31, 2016

financial

(as

2,09,80,94,074.00
2,09,80,94,074.00
r,73,r9,63,718.?.6

1,81,78,82,910.00
L,81,78,82,91Q.00

r,45,r7,52,554.26

t,29,81,357.00

other
item(s)

appropriate

felt
by

the manasement)

I.AU DIT qUALI FICATION (EACH AU DIT QUALI FICATION SEPARATELY)

a. Details of Audit Qualification:

ln respect of Bad debts written off amounting to Rs. 28,02,11,164/- these have not been debited to the
statement of profit & loss and have been directly adjusted against the opening general reserves which in
our opinion is not in accordance with Accounting Standard " 5 Net Profit or loss for the period, prior
period items and changes in accounting policies." Accordingly the statement of a profit & loss is been
affected.

Opinion " *,,' ' i',


. t:fi"*' -*",i:-r,
First time
if;t .c;.+,L \ii{

b. Tvpe of Audit Qualification: Qualified

c. Frequencv of Qualification:

l,*"ilqs$.'iti$':,tlfrT
S:$+".,$la ll:i
', i
/i t i:

'?.ftea#i'

MEGASOFT LIMITED
CIN: 172200TN 1 999P1C0427 30

85, Kutchery Road, Mylapore


Chennai - 600 004.
Tel: + 91 (44 2461 6768
Fax: +91 @q 2461 7B1O
www.megasoft.com

MECASOFT

d. For Audit Qualification(s) where the impact is quantified bv the auditor. Manasement's Viewsi
a) As the subject bad debts in question were pertaining to very old period and having no chanc,es i:f
recovery, being not'related to the said financial year under consideration, h,ave been adjusted direi.t,
against the profits generated in earlier years.

e. For Audit Qualification(s) where the impact is nqt quantified bv the auditor:

NtL

(i) Management's estimation on the impact of audit qualification; NA

(ii) lf management is unable to estimate the impact, reasons for the same: NA

(iii)Auditors'Comments on (i) or (ii) above: NA

For Megasoft

AfiIKumar Sood
Chairman - Audit/Risk &

GV Kumar

CEO/Managing Director

[imited

Shridhar Thathachary
Chief Financial Officer

Compliance Committee

/or Srikanth & Shanthi

ffi

Associates
Chartered Accountants
Firm Registration No.0040065

MC Srikanth

Portner
Membership No.018588
Place: Chennai

Date: 26rH September 2016

forTN Rajendran & Co.


Ch o

rte

re

d Acca u n tn nt

:;

Firm Registration
No.005080Si

TN Rajendran

Portner
Membershio No.028778