asm technologies limited

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ASM TECHNOLOGIES LIMITED 80/2, Lusanne Court, Richmond Road, Bangalore - 560 025 Tel : +91-80-66962300/01/02 Fax: +91-80-66962304 e-mail : [email protected] Website : www.asmitd.com CIN : L85110KA1992PLC013421 GST No. : 29AABCA4362P1Z9 TECHNOLOGIES” “~ engineering Innovation —_ 2" June, 2020 Department of Corporate Services Bombay Stock Exchange Limited Phiroze Jeejeebhoy Towers, 25th Floor, Dalal Street, Mumbai - 400 001. Dear Sir, Sub : Outcome of Board Meeting Ref : Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Further to our letter dated 25th May, 2020 we wish to inform that the Board of Directors of the company at their meeting held today, 2" June, 2020- 1. Took on record the Audited Financial Results (standalone &consolidated ) of the Company, prepared as per Indian Accounting Standards( Ind-AS) for the quarter and year ended 31“ March 2020, vide Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. 2. Appointed Mr. Ramesh Radhakrishnan an Additional Director( Non Independent Non- Executive) Mr. Ramesh Radhakrishnan (DIN 02608916) has been appointed as an Additional Director (Non Independent Non- Executive) with effect from 2nd June 2020 subject to approval of shareholder of the company at ensuing Annual General meeting. The details required as per Regulation 30 of the Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September 2015 are provided in the Annexures as attached. 3. Vide Regulation 30 Schedule III(A) 4(a) of SEBI ( Listing Obligation and Disclosure Requirements) 2015. (a) The Board of Directors has recommended final dividend of Rs.2.50 per share, ie 25% on the par value of Rs.10/- per share for the financial year 2019-20, the payment is subject to the approval of the members at the ensuing Annual general Meeting. The details required as per Regulation 30 of the Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September 2015 are provided in the Annexures as attached. This is for your kind information. Thanking You, Sincerely, For ASM Technologies Limited Vain huee Vanishree Kulkarni Company Secretary

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ASM TECHNOLOGIES LIMITED 80/2, Lusanne Court, Richmond Road, Bangalore - 560 025

Tel : +91-80-66962300/01/02 Fax : +91-80-66962304 e-mail : [email protected] Website : www.asmitd.com CIN : L85110KA1992PLC013421 GST No. : 29AABCA4362P1Z9

TECHNOLOGIES” “~ engineering Innovation —_

2" June, 2020 Department of Corporate Services Bombay Stock Exchange Limited

Phiroze Jeejeebhoy Towers, 25th Floor, Dalal Street, Mumbai - 400 001.

Dear Sir,

Sub : Outcome of Board Meeting Ref : Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)

Regulations, 2015

Further to our letter dated 25th May, 2020 we wish to inform that the Board of Directors of the company at their meeting held today, 2" June, 2020-

1. Took on record the Audited Financial Results (standalone &consolidated ) of the Company, prepared as per Indian Accounting Standards( Ind-AS) for the quarter and year ended 31“ March 2020, vide Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

2. Appointed Mr. Ramesh Radhakrishnan an Additional Director( Non Independent Non- Executive)

Mr. Ramesh Radhakrishnan (DIN 02608916) has been appointed as an Additional Director (Non Independent Non- Executive) with effect from 2nd June 2020 subject to approval of shareholder of the company at ensuing Annual General meeting.

The details required as per Regulation 30 of the Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September 2015 are provided in the Annexures as attached.

3. Vide Regulation 30 Schedule III(A) 4(a) of SEBI ( Listing Obligation and Disclosure Requirements) 2015.

(a) The Board of Directors has recommended final dividend of Rs.2.50 per share, ie 25% on the par value of Rs.10/- per share for the financial year 2019-20, the payment is subject to the approval of the members at the ensuing Annual general Meeting.

The details required as per Regulation 30 of the Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September 2015 are provided in the Annexures as attached.

This is for your kind information.

Thanking You,

Sincerely, For ASM Technologies Limited

Vain huee

Vanishree Kulkarni Company Secretary

Annexure

Brief profile of Mr. Ramesh Radhakrishnan

Ramesh has been a member of the founding entrepreneurial team in three startups. He has

over 20 years of operational and business experience in the high technology industry,

including networking, security and wireless companies. Ramesh presently work with Artiman

Capital India, and prior to that he was the VP of Engineering at FireEye, a network security

company that uses virtualization technology to detect and combat the menace of malware,

botnets and crimeware. Prior to that, Ramesh led the systems and software development team

at Airgo Networks. Airgo pioneered and invented the 802.11n MIMO OFDM wireless LAN

standards and was acquired by Qualcomm in 2005. Prior to Airgo, Ramesh was the Director

of the Wireless Access Business Unit at Cisco Systems. This business unit was the result of

the acquisition of Clarity Wireless, a startup company where Ramesh led the engineering

team that pioneered and created the wireless last mile standard which is WiMax today. Prior

to Clarity Wireless, Ramesh was a founding member at ZeitNet, acquired by Cabletron in

1996, where he led the engineering team which made high speed LAN products. Before this,

Ramesh was an engineering manager at Adaptive Corporation that brought ATM technology

to the LAN. Adaptive was acquired by NET in 1994. Ramesh started his career as a software

engineer at Hewlett Packard's Network Division in Cupertino.

Ramesh holds two patents in the area of networking protocol technologies.

Ramesh holds a B.E. from the Indian Institute of Technology (IIT), Chennai and an MLE. in

Systems Engineering from the University of Virginia, Charlottesville.

INDEPENDENT AUDITOR'S REPORT

TO THE BOARD OF DIRECTORS OF ASM TECHNOLOGIES LIMITED

Report on the audit of the Standalone Financial Results

Opinion

1, We have audited the standalone annual financlal results of ASM TECHNOLOGIES DMIED (hereinafter referred to as the ‘company’) for the year ended March 31, 2020 and Balance

Sheet and the Statement of Cash flows as at the year ended on that date, attached herewith, being submitted by the company pursuant to the requirement of Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirernents) Regulations, 2015, as amended ("Listing Regulations”).

2. In our opinion and to the best of our information and according to the explanations given to us, the standalone financial results:

i are aforesaid presented in accordance with the requirements of Regulation 33 and

Regulation 52 of the Listing Regulations in this regard; and

li. give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards prescribed u/s 133 of the Companies Act, 2013 (the “act”) and other accounting principles generally accepted

in India of the net profit and other comprehensive income and other financial

information for the year ended March 31, 2020 and the balance sheet and the

statement of cash flows as at and for the year ended on that date.

Basis for Opinion

3. We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013 and other applicable authoritative Pronouncements issued by the Institute of Chartered Accountants of India. Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Standalone Financial Results section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Board of Director’s Responsibilities for the Standalone Financial Results

4. These financial results have been prepared on the basis of the annual financial statements. The Company’s Board of Directors are responsible for the preparation of these financial results that give a true and fair view of the net profit and other comprehensive income and other financial information of the Company and the Balance sheet and the Statement of Cash flows in accordance with the recognition and measurement principles laid down in Indian Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 and Regulation 52 of the Listing Regulations. The Board of Directors of the Company are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to

; e ive a true and the preparation and presentation of the standalone financial ae eee Gracias fair view and are free from material misstatement, whether due to fraud o 4

i Company, been used for the purpose preparation of financial results by the Directors of the IP as aforesaid.

i onsible for 5. In preparing the standalone financial results, the Board of Directors are eee le assessing the Company's ability to continue as a going concern, ee a gectne Matters related to going concern and using the going concern basis of accounting

nase opera has no Board of Directors either intends to liquidate the Company or to cease operations, 0 realistic alternative but to do so,

7 i I 6. The Board of Directors are also responsible for overseeing the Company's financial reporting process of the Company.

Auditor's Responsibilities for the Audit of the Standalone Financial Results 7. Our objectives are to obtain reasonable assurance about whether the standalone financial results as a whole are free from material misstatement, whether due to fraud or error, and to 'ssue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these standalone financial results.

8. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

* Identify and assess the risks of material misstatement of the standalone financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under section 143(3)(i) of the Act, we are responsible for expressing our opinion on the whether the Company has adequate internal financial control with reference to financial statemen ts in place and the operating effectiveness of such controls ( refer Paragraph 11 below).

Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors. Conclude on the appropriateness of the Board of Directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt onthe Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial results or, if such disclosures are inadequate, to modify our Opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.

Evaluate the overall presentation, structure and content of the standalone financial results, Present the underlying

lon.

including the disclosures, and whether the financial results re transactions and events In a manner that achieves fair presentati

9. We communicate with those charged with governance of the Company regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We MAS

i

mplied with also provide those charged with governance with a statement that eae all relevant ethical requirements regarding independence, and to commu our independence, relationships and other matters that may reasonably be thought to bear on and where applicable, related safeguards.

Other Matters:

10. The Financial results include the results of the quarter ended March 31, Feet ae balancing figures between the audited figures in respect of the full financial y earth

published unaudited year to date figures of the third quarter of the current OE ae

was subject to limited review by us. The said results for the quarter ended Marc .

neither subjected to limited review nor audited by us.

11. The annual financial results dealt with by this report has been prepared for the ee

purpose of filing with Stock Exchange. These results are based on and should be read with the

audited financial statements of the Company for the year ended March 31,2020 on which we

issued an unmodified audit opinion vide our report dated June 02,2020.

12. Attention of the members is drawn to note 3 of the financial results regarding the impact of

COVID-19 on Business, where the management has estimated the future cash flows for the

Company with the possible effects that may result from the COVID-19 pandemic and does not foresee any adverse impact on its ability to continue as going concern and in meeting its liabilities

as and when they fall due. The actual impact of the Covid-19 Pandemic may be different from that

estimated as at the date of the approval of these financial results. Our report on the standalone

financial statements have not modified in respect of this matter.

For B K Ramadhyani & Co LLP

Chartered Accountants

(FRN: 002878S/S200021)

cor Repel

C.R. Deepak

M.No: 215398

UDIN: 20215398AAAABV5424

BK RAMA kp

CHARTER INTANTS Place: Bengaluru No. 68, # 4-8, nittapur BRN th Main, 4 avan, Date: June 02, 2020 8th Main, 18th Cr oss, Malleswa BANGALORE - 560 oss

oo

we

INDEPENDENT AUDITOR'S REPORT

TO THE BOARD OF DIRECTORS OF ASM TECHNOLOGIES LIMITED

Report on the audit of the Consolidated Financlal Results

Opinion

1. We have audited the consolidated annual financial results of ASM TECHNOLOGIES LIMITED (the ‘Company’) and its subsidiaries (the Company and its subsidiaries referred to as Group) for the year ended March 31, 2020 and Balance Sheet and the Statement of Cash flows as at the year ended on that date, attached herewith, being submitted bythe company pursuant to the requirement of Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”).

2. In our opinion and to the best of our information and according to the explanations given to us, the consolidated financial results:

i are aforesaid presented in accordance with the requirements of Regulation 33 and Regulation 52 of the Listing Regulations in this regard; and

i, give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards prescribed u/s 133 of the Companies Act, 2013 (the “Act”) and other accounting principles generally accepted in India of the net profit and other comprehensive income and other financial information for the year ended March 31, 2020 and the balance sheet and the statement of cash flows as at and for the year ended on that date,

Basis for Opinion

3. We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Act and other applicable authoritative pronouncements issued by the Institute of Chartered Accountants of India. Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Consolidated Financial Results section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics, We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our Opinion.

Board of Director's Responsibilities for the Consolidated Financial Results

4. These financial results have been prepared on the basis of the annual financial statements, The Company's Board of Directors are responsible for the preparation of these financial results that give a true and fair view of the net profit and other comprehensive income and other financial information of the Group and the Balance sheet and the Statement of Cash flows in accordance with the recognition and measurement principles laid down in Indian Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 and Regulation 52 of the Listing Regulations. The Board of Olrectors of the Company are responsible for maintenance of adequate accounting records In accordance with the provisions of the Act for safeguarding of the assets of the Company and for Preventing and id application of appropriate accounting

p ign, Policies; making judgments and estimates that are reasonable and prudent; ie ms implementation and maintenance of adequate internal financial controls that ae caine to effectively for ensuring the accuracy and completeness of the accounting records, ee

the preparation and presentation of the consolidated financial statements that give Ae

fair view and are free from material misstatement, whether due to fraud or error, ui “i any, been used for the purpose preparation of financial results by the Directors of theron as aforesaid.

5. In preparing the consolidated financial results, the Board of Directors are cca

assessing the Company's ability to continue as a going concern, disclosing, ae oe Ica! it Matters related to going concern and using the going concern basis of pecguc ne oe Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

6. The Board of Directors are also responsible for overseeing the Company's financial

reporting process of the Group

Auditor's Responsibilities for the Audit of the Consolidated Financial Results

7. Our objectives are to obtain reasonable assurance about whether the consolidated financial

results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of

assurance, but is not a guarantee that an audit conducted in accordance with SAs will always

detect a material misstatement when it exists. Misstatements can arise from fraud or error

and are considered material if, individually or in the aggregate, they could reasonably be

expected to influence the economic decisions of users taken on the basis of these consolidated financial results.

8. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit, We also:

* Identify and assess the risks of material misstatement of the consolidated financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

* Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under section 143(3)(i) of the Act, we are responsible for expressing our opinion on the whether the Company has adequate internal financial control with reference to financial statements in place and the operating effectiveness of such controls ( refer paragraph 13 below).

Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors. * Conclude on the appropriateness of the Board of Directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going

concern.

Evaluate the overall presentation, structure and content of the consolidated financial results, including the disclosures, and whether the financial results represent the underlying transactions and events in a manner that achieves fair Presentation.

arding, among 9. We communicate with those charged with governance of the Company FeB'

i it ings, other matters, the planned scope and timing of the audit and significant aut We

including any significant deficiencies in internal control that we identify during o aalied with

also provide those charged with governance with a statement that we have ne crannall

relevant ethical requirements regarding independence, and to communicate i ence

relationships and other matters that may reasonably be thought to bear on our indePe z and where applicable, related safeguards

Other Matters:

10. We did not audit Advanced Synergic Pte Limited, subsidiary included in this Ind AS Seon oo

financial statements, whose financial statements reflect total assets of Rs.5.58 million as at Marc!

31, 2020, total revenues of Rs.10.80 million, total net loss after tax Rs. 3 08 million as considered in

these consolidated financial statements. The standalone financial statements have been audited

by the other auditor whose report has been furnished to us by the management and our opinion

on the consolidated financial statements, in so far as it relates to the amounts and disclosures

included in respect of the subsidiary, is solely based on the report of the other auditor,

11. Consolidated financial statements include unaudited financial statements of ESR Associates

Inc., USA, whose financial statements reflect total assets of Rs.14.42 million as at March 31, 2020,

total revenues of Rs. Nil million, total net loss after tax Rs.0.08 million as considered in this

consolidated financial statements. These financial statements are unaudited and have been

furnished to us by the Management and our opinion on the Statement, in so far as it relates to the

amounts and disclosures included in respect of this subsidiary based solely on such unaudited

financial statements. In our opinion and according to the information and explanations given to us

by the Company, these financial statements are not material to the Group.

12. The Financial results include the results of the quarter ended March 31, 2020 being the

balancing figures between the audited figures in respect of the full financial year and the

published unaudited year to date figures of the third quarter of the current financial year, which

was subject to limited review by us. The said results for the quarter ended March 31, 2020 were

neither subjected to limited review nor audited by us.

13. The annual financial results dealt with by this report has been prepared for the express

purpose of filing with Stock Exchange. These results are based on and should be read with the

audited financial statements of the Company for the year ended March 31,2020 on which we issued an unmodified audit opinion vide our report dated June 02,2020.

14. Attention of the members is drawn to note 3 of the financial results regarding the impact of COVID-19 on Business, where the management has estimated the future cash flows for the Company with the possible effects that may result from the COVID-19 pandemic and does not foresee any adverse impact on its ability to continue as going concern and in meeting its liabilities as and when they fall due. The actual impact of the Covid-19 Pandemic may be different from that estimated as at the date of the approval of these financial results. Our report on the standalone financial statements have not modified in respect of this matter.

15. List of Subsidiaries:

> vvyv

v ASM Technologies Japan, KK

Advanced Synergic Pte Ltd

Pinnacle Talent Inc

RV Forms & Gears LLP

ESR Associates Inc

Place: Bengaluru

Date: June 02, 2020

For B K Ramadhyani & Co LLP

Chartered Accountants

(FRN: 002878S/S200021)

cr pega! C.R. Deepak

M.No: 215398

UDIN: 20215398AAAABW1635

BANGALORE - 560 055.

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ASM TECHNOLOGIES LIMITED Cash Flow Statement for the year ended March 31, 2020

Sarticulars

Sash flows from operating activities / loss) before tax

Depreciation and amortization expense Finance costs Interest Income Dividend income Fair valuation of mutual fund Share of profit in Lup

Movements in working capital : 'nerease/ (decrease) in trade payables {nerease/ (decrease) in other liabilities Decrease / {inerease) in inventories Decrease / (increase) in trade receivables

Decrease / (Increase) In other current assets

Decrease / (Increase) in loans and advances ‘nertase / (decrease) in provisions Divect taxes paid, net

flows from investing activities Purchase of Property, plant & equipment

tne

Purchase of non current Investments Purchase of current investments

'8c'@ase)/decrease in other bank balances ividend received nterust recelved

h flows from financing activities

weds from long-term borrowings vayrment of long-term borrowings 2858 Payments

terest paid “Wvidends pald (including tax on dividend)

(Rs. In lakhs) Standalone Consolidated

31-03-2020 | 31-03-2039 | 31-03-2020 | 31-03-2019

243.99 923.13 186,03 898.37 Ciltsinvant to reconcile profit before tex to net cash flows:

224.07 94.02 294,51 120.86 99,85 64.51 168.52 71.73

(61.89), {19,10} (83.20) (19.10)| (0.84) (0.60) (0.80) (0.60) (139,72) (81,70)} (139,70) (81.70) 126.85 (12.10) : Provision for dimunition in value of investments

19,39 80.00 : (Profit loss on sale of Property, Plant & Equipment & (P : (82.60) : (82.60) Operating profit before working capital changes

$11.60 965,56 425.36 906,96

39.21 (9.00}} (a95.20)} 475.00 189.88 137.80 (332,52) 574.00

: : (229.10) (248,50) (398,94)/ (145,50) $82.40} (753.20)

Decrease / (Increase) in other non current assets ¥ (327.70) < (68,60) {409,25)| (244.60) 39.80] (153.50)

ecrease / (increase) in other financtal assets (333.50) 285.60 (352.30) 285.50 (16.05) (1.70) (12.70) (9.50)

: (288.90) 11,50] (261.10) sh generoted from /{used in) operations

(416.95) 372.56 (260.75) 747.06 | 568.40 291.90 582,40 551.30 “et cash flow from/ (used in) operating activities (a) (985.35) 79.66 (843.15) 195.76

(60.65) {33.20)} —(405.20)} —_(39.80)| Ging capital work in progress and capital advances) Proceeds from sale of Property Plant & equipment : 572.20 572.10 ase/(decrease)in non controlling interest

(302.20) ‘crease/{éecrease)in forelgn currency translation reserve

22,83 (125,40)| (95.01)} (512.40) 2.20 (301.20)

s from sale of current investments 830.82 740.80 796,20 740.70 40,60 (575.10)| 40,30 (S75.00)| 0.84 0.60 0.80 0.60 34,83 7.00 83.20 2.00

“et cash Row from/ (used in) investing activities (B) 801.43 199,90 540,33 | ___ (522.20)

oceedls Irom Issuance of share capital (including securities premium)

580,52 : 478.10 158,50 (21.63) (11.00) : : (131.67) : (162.20) “'ease/(ecrease) of short-term borrowings, net 6.55 119.10

(98.03), (64.60)} (168,60) (73.80) {285.42)| _{330.20)) __(381,00)| (330.20) “et cash flow from/ {used In) In fina: ncing activities (C)

160,64 (286.70) (35.70) (243.50) ‘ciease/(decrease) in cash and cash equivalents (A +8 +) (23,28) (7.24)} (338,52) 295.47

Sh and cash equivalents at the beginning of the year 105.36 112.50 468.36 172.89 id cash equivalents at the end of the year 22.08 105.36 129,84 468.36

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