Date: November7,2076

To,
The Manager,
Listing Department,

To,

NSE Limited,
Exchange Plaza, Bandra Kurla Complex,
Bandra (E), Mumbai- 400051.

The Manager,
Department of Corporate Relations,
BSE Limited, Pf Towers,
Dalal Street, Fort

Mumbai- 400001.

Dear Sir/Madam,
SUB: Outcome of Board Meeting - reg

Scrip Code: BSE

:532521

NSE: PALREDTEC

Dear Sir,

Pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we

herewith submit that the Board of Directors of the Cornpany have at the Meeting held on November

7, 2016, interalia approved the Unaudited Financial Results (Standalone and Consolidated), for the
Second Quarter ended June 30, 2016 and taken on record the Limited Review Report of the
Statutory Auditor.
The meeting commenced at 04.00 PM and concluded at 7.00 PM on November 7,2016.
This is for the information and records of the Exchange.

Encl:
1) Highlights of Q2 Results and Forecast for Q3 Results.

2) Unaudited Financial Results (Standalone and Consolidated) along

with Limited Review Reports

for the Quarter ended September 30, 2015.

PATRED TECHNOTOGIES TIMITED

(FORttlRtY KNOWN AS FOUR SOFT LlMlrED)

CtN No. i L722OOAP1 990PLC033 1 3 1

Ptot No. 2,8'2-703/7/B, Road No. 12, Banjara Hitts, Hyderabad - 500 034'
Tel.efax: +91 40 67138810 I Website: www.palred.com

Dr

To,

07.11.2010

The Manager,

The Manager

Department of Corporate Relations,

Listing Department
National Stock Exchange of India Limited,
Bandra Kurla Complex, Bandra (E),
Mumbai- 400051.

BSE Limited

Pf Towers, Dalal Street,

Mumbai- 400001
Dear Sir,

Sub: Highlights of Consolidated Q2 Results and forecast

for Q3- reg

On a consolidated basis the Company has declared a Net Revenue of 10.11 Cr for ql rc-I7 vs 8.37
Cr in FY 15-16, being turnover of Palred Online Technologies Private Limited, a subsidiary of
Palred Technologies Limited.

In the month of fuly, LatestOne.com, in the process of redesigning the business model and setting
up Mumbai fulfrllment Centre, achieved Net Revenue of only 2.5 Cr against normal run rate of 4
Cr per month.
It also ran a one-time Sales campaign in the month of September which resulted in a loss of 25 lakhs
in 5 days, However, Latestone.com continues to be a direct cost breakeven operation.
LatestOne.com is forecasting to exceed 13 Cr in Net Revenue for Q3 16-17 and reduce losses from
2.5 Cr in the Q.16-17 to 1.0 Cr in Q3 16-17.
Regards,

Palem Sri

Chairman

PATRED TECHNOTOGIES IIMITED

(FORMERtY KNOWN AS FOUR SOFT tlMlTED)

CIN No. : L72200AP1990PLC0331 31

Ptot No. 2,8-2-703/2/8, Road No. 12, Banjara Hitls, Hyderabad - 500 034'
Tetefax : +91 40 67138810 | Website : www'patred.com

Walker Chandiok&Co LLP

Walker Chandiok & Co LLP

(Formerly Walker, Chandiok & Co)
7th Floor, Block lll, White House
Kundan Bagh, Begumpet
Hyderabad 500016
lndia

I t3li333:33;33
Review Report on Quartedy Consolidated Financial Results and Consolidated Year to Date
Results of the Company Putsuant to the Regulation 33 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015
To the Board of Directors of Palred Technologies Limited

1..

We have teviewed the accompanying statement of unaudited consolidated ftnanoid, tesults ("the
StatemenC) of Palred Technologies Limited ("the Company') and its subsidiaries (the Company
and its subsidiades together teferred to as "the Group'), fot the quarter ended 30 September 2016
and the year to date results for the period 1 April 201,6 to 30 September 201,6. This Statement is
the tesponsibiJity of the Company's Management and has been approved by the Board of
Directors. Out responsibility is to issue a report on the Statement based on our re.u'iew.

2.

We conducted our teview in accotdance vdth the Standard on Review Engagement (SRE) 2410,
Review of Interim Financial Information Performed by the Independent Auditor of the Entity,
issued by the Institute of Chattered Accountants of India. This standard requires that we plan and
petfotm the teview to obtain moderate assurallce as to whether the Statement is ftee of material
misstatement. A review is limited pdmarily to inquiries of company personnel and analyical
ptocedutes, applied to f,tnancial data arrd thus ptovides less assurance than an audit. We have not
pedormed an audit and accotdingln we do not express on audit opinion.

3.

Based on out teview conducted as above, nothing has come

to out attention that causes us to

believe that the accompanying Statement ptepated in accotdance v'ith applicable accounting
standatds, as notified under the Companies (Accounting Standatds) Rules, 2006 rcadvdth Rule 7
of the Companies (Accounts) Rules, 201.4n respect of Section 1,33 of the Companies Act,2013
and othet tecognised accounting practices and policies has not disclosed the information required
to be disclosed in terms of Regulation 33 of the SEBI pisting Obligations and Disclosure
Requirements) Regulations,201.5, including the manner in vzhich it is to be disclosed, or that it
contains any rnatertal misstatement.

Chartered Accountants

Firm fi.eglstratiorlNo: 001076N/N5000

Partner
Membership No. 207660

Place : Hyderabad

Date:7November2016
Chartercd Accoutrtanb
Offices in Bengaluru, Chandigarh, Chennai, Gurgaon, l-tderabad, Kolkata, Mumbai, New Delhi, Noida and pune

wih limited liability

wih identi'fication number MG2085 and its registered
office at 141 Connaught Circus, New Delhi, 1i0001, India
Walker Chandiok & Co LLP is registered

PAIRED TECHNOLOGIES LIMITED

8-2-703/2/8, ?lot No.2, Road No.12, Bajm llills, llydembad-500 03d Tel
e)
Statcmert ofuoaudited Consolidated Finucial Results for the Ouarter and Six Monthe ended 30 Seotcriber 2016

fINo

{
SI

No.

Particulare
Refer N otes below)

in La}hs exceDt eminqs Der shue

Year ended

Halfyear ended

Ouarter ended
30-SeD-16

30-Iun-16

30-Sep-lli

30-Seo-15

3GSeo-15

runaudited)

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

3l-Mzr-16
(Audited)

Incone from opcrations

(a)

Net Sales/Incorc from Operations

1.02

7,73484

836 93

2,745 86

7,576.17

3,818.33

1,077 02

7,134 84

836 93

2,745 86

1,576.7'l

3,818 33

286 86

427 26

403.58

174'r2

619.72

7,521 06

'r3'l94

10.07

148 01

(60.52)

(e4.69,

146 47

131 02

101 81

217 49

193,00

474 68

17.03

18 07

11 04

260.96

215.08

1,01

(Net ofexcise duty)

@) Othet Opeating Income
Total income frcm Opentions (net)

2 E:rpenses
(a) Purchaes of stock-in-trade
Q) Chmges h inventories of stock-in-tade

(c) Emptoyee benefits expense

(Q Depteciation md mottisation expose
(e) Distribution expmses
(f Business Pronotion expenses
(g) Othet expenses
Total e:gensee
3

/ (Ioss) from

Profit

opemtions beforc other income

/ (Inss) fron ordinayactivities

Profit

beforc finmcr

35 10

23 30

57 56

476 04

413.78

990 55
2,483 97

339.22

464.21

619 68

803

49

7,769.36

718 41

159 29

229 52

337 70

342 60

79417

r,366_89

1,425 06

1,578 06

2,79195

2,70124

6,233 84

(1,184.41

(2,415 51)

(3ss.87)

Q90.22)

finance co6ts and exceptional iteme (1 - 2)

4 Othet income

Q2.e2)

Q4r.13)
59.56

(646.0e)

34 42

47.39

81.81

212.53

(321 45)

(242.83)

(681

s4

(s6428)

(e71 e4)

(2,108 61)

(242 83)

0.1e)
(68276)

0.38)

(321 45)

(564.28)

(e73 32)

Q8.74"
(2,147 35)

(321 4q\

(242 E3)

(682.76)

(564.28)

(e73.32)

(2,147.35)

(321 4q\

(242 83)

(682.76)

(s64.28)

(973 32)

(2,1s7

(321 45)

Q42.83)

(68276)

(s6428)

(e73.32)

(2,157.1s)

306.90

costs and exceptiond items (3 + 4)

6

Finmce costs

Prcfit

(Ioss) from ordinary activities afte. finaac

but bcfore exceptional items (5 1 6)
8

Exceptional

Prcfit

costr

iterc

(Iress) frcm ordinary activities bfor

td

(7+8)

10 Tar expmse
11

Net Prcfit
(e

(e 80)

(Loes) from ordinary activities after

tu

12 Extn-ordhary items (net of

tu

expense)

t3 Net prcfir / (Iase) for thc period

t4 Sbre of profit/(loss) of asociates

yezt

(ll+

12)

t5 Minotity interest

44 67

t6 Net Profit/(Iass) after tues, minodty interest md shan

of proft/(lose) of associates (13114115)
7-1

ls)

10)

Paid-up equity shue capital (Face value {1 0 per shre)

(refer note 4)

18 Resene excludhg tevaluation tesewes

47 42

746.69

86.09

257 00

484 73

(276.78)

Q0141)

(s36.07)

(478.19)

Q1632)

(1,673.02)

821 37

821 31

180 74

827 37

180.14

827 3r

per balmce sheet o

1,299 62

Pre\1ou rccombng yed

shre @eforc extnordinary items)

eech) (not annualised) (rcfer note 4) :

19.i Eamings per

(oft10/(a) Breic

37.

Q) Diluted
19.ii

(2.4s)

(6.08.

(s.82:

(s 06)

05.01

(2.4s)

(6.08,

(5 82.

(s 06)

(1s.01

(2.45)

(6 08.

(s.82.

(s 06)

(1s.02

(2.4s)

(6 08.

(5.82.

(s 06)

0s 0z

Emings per shre (after extnordinary itens)

(oft10/- each) (aot annualised) (refer note 4) :
(a) Broic
@) Diluted
See accomgaying notes to the consolidated Enmcial results

Q.37,
(3 3r.

itatement of Assets and Liabilities

Particulare

As at
3GScp-16

(Unaudited)
A.

{ in lakhs
As at
3l-Mer-16
(Audited)

EQUITYAND LIABILITIES
Shueholdenr firnds

!)

Shae capital

827 31

p) Reseres md sulplus
Sub-total - Sharcholdemr funds

821

3l

2.847 84

3-299 62

3.669 15

4.120 93

89 28

85.07

2 Minority Intercst
3 Non-curent liabilities

Long-tem provisions
Sub-total - Non-curent liabilities

5.23

.a)

5.23

523

220 43

221 62

476 76

901 61

Cunent liabilities
ia) Trade payables

!)

Othet

orent

!) Shott-tem

liabilities

provisions

lub-total - Cunent liabilities

TOTAL - EQUITYAND LIABILITIES

001

001

636 60

1.135.30

4,400.26

5,346.53

B. {SSETS
1

Non-crent

assete

'a)

Fired assets

753.92

166 88

Goodwill on consolidation

405.30

324 96

t) Long-tem loms ud advuces

iub-total - Nol-cuncnt a66ets

974 54

841 27

2,450 98

3,409.23

41287

560 88

26277

378 72

239 94

102 59

9urnt as8ets
a) Curmt in=strnents
b) Invmtories
t) Cash md bark balmces
Q Short-tem loms md advmces
'e)

Odret

onmt

csets

719 82

108 50

iub-total - Curcnt a66ct6

3,48512

4,499 32

TOTAL. ASSETS

4400.26

5,346.53

\oteE:

Lhe above uaudlted consolldated 8nmc6l results ha1re been rcuewed by the Audlt

Comittee md

approved by the Boatd of Directors in its meettng held on

'

Novembet 2016

uder Regulation 33 of Seorities md Exchmge Boud of India (Listing Obligation md Disclosute Requirements) Regulations, 2015 is no
the Compmy hm only one repottable segrnent "Trading online in computets, mobiles, electronic ptoducts md ptoviding telated seryices" The Compm
prorides additiolal senices for such ttaded products to tlle customers. The group of ptoduct md senices are dated md subject to the sme risk md retums.
2 The

segment reporting

rp'plicable

3.

Key stmdalone fmmcial infomation of the Compay is qiven belowr

Quarter ended
Particulare

JU-JeD-rO I

#lun-lo

(Unaudited)l (Unaudited)
ncome ltom (JPetatrons
)rofit/(Loss) before tax
)tofit/(Loss) after w

(21.s0)

(29 20',

(27 50',

().(l

).(l

Half-Yer

ended

JU-SeD-D I JrJeD-lO I JrJeD-lt

(IJnauditcd) | (Unaudited)
(Uraudited)
(36.e4
(\6 q4

(s0.70)

Year ended
Jl-Mar-lb

(Audited)

23.06

(87.8D
/qR

Rl)

The Compmy has consolidated its 2 equity shres of {5 each into 1 equity shate of {10 each in its Ertta-Ordinay General neetiog held on 13 Norcmber 2015 Thr
Jompmy obtained the nece ssary approval from the stock exchmges md ttading of equity shres with new face value of {10 per shue has resued eFfective from 9 Ma,
1016. The effect of this consolidation of equity shres hm been given in computing emings per shre of all periods prcsented.

The 6ores for prerious oeriod/veu had been teaouoed/reclmsified

wherevet necessd.

of the

Bord

of Directors of

Limited

'lace: Hydetabad
)ate: 7 November 2016

Dircctor

Walker Chandiok&Co LLP

Walker Chandiok & Co LLP

(Formerly Walker, Chandiok & Co)
7th Floor, Block lll, White House
Kundan Bagh, Begumpet
Hyderabad 500016
india

T +91 40 6630 8200

F +91 40 6630 8230

Review Report on Quartedy Financial Results and Consolidated Year to Date Results of the
Company Putsuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015

To the Board of Directors of Palted Technologies Limited

L

We have reviewed the accompanying statement of unaudited standalone ltnancial results ("the
Statement') of Palred Technolog'ies Limited ("the Company') for the quarter ended 30 September
2016 and the yeat to date tesults for the pedod 1 April 2016 to 30 September2016. This Statement
is the tesponsibility of the Company's Management and has been approved by the Board of
Directots. Out responsibility is to issue a report on the Statement based on our review.
We conducted out teview in accotdance with the Standard on Review Engagement (SRE) 2410,
Review of Interirn Financial Information Performed by the Independent Auditor of the Entity,
issued by the Institute of Chateted Accountants of India. This standard requires that we plan and
perfotm the review to obtain modetate assurance as to whether the Statement is free of material
misstatement. A teview is limited pf,rrrartly to inquiries of company personnel and analyical
procedutes, appJied to financial data and thus provides less assurance than an audit. We have not
petfotmed an a:udit and accordingly, we do not express an audit opinion.
Based on out teview conducted as above, nothing has come

to our attention that causes us to

believe that the accompanying Statement prepared in accordance with applicable accounting
standatds, as notified under the Companies (Accounting Standards) Rules, 2006 readwith Rule 7
of the Companies (Accounts) Rules, 201,4 n respect of Section 1.33 of the Companies Act,2013
and othet recognised accounting ptactices and policies has not disclosed the information required
to be disclosed in tetms of Regulation 33 of the SEBI (I-isting Obligations and Disclosure
Requtrements) Regulations,20'1.5, including the manner in which it is to be disclosed, or that it
contains any material misstatement.

h?s#.

\n$'

Chartered Accountants

FirmfRegistration No:

001

076N/N50001

Partner
Membetship No. 207660

Place : Hyderabad

Date:7November2016
Chartered Accountants
Offices in Bengaluru, Chandigarh, Chennai, curgaon, Hyderabad, Kolkata, Mumbai, New Delhi, Noida and pune

Walker Chandiok & Co LLP is registered with limited tiabitity

with identification number MC-2085 and its registered
otfice at 141 Connaught Circus, New Delhi, 110001, Indja

PALRED TECHNOLOGIES LIMITED

ftI.No.8-2-703/2/8. Plot No.2. Road No.12. Banira Hills. Hvdembad-500 034. Telmsma)
StateEent of Unaudited Stmdalone Fimcial Results for the Qurter and Six Mmths Ended 30 September 2015

sl.

No.

{ in La}hs except emings pa shr,

Yer ended
ver ended

Half

Quarter ended
3G.Sep-16

3O-Im-16

30-Sep-15

(Unaudited)

(Unaudited)

(Unaudited)

16.06

15.98

22.94

32.0'

4.95

4.8',1

5.93

9.8'.

15.55

8.13

9.23

,d) Legal aod professional

'e) Rates md taxes

4.80

8.69

2.67

fl Other

Refer Notes below)

30-Sep-16
I

30-See'15

31-Mr-16

(Unaudited)

(Audited)

I lncone from Operations

Net Sales/Income from Opentions
acise duty)

.a)

J.,let of

Other Operating Income

!)

fotal income from Operations (net)

2 Expmses
a) Employee beaeEts upense
ilo)

Depreciation md mortisation expense

t)

Office maintmance

expenses

fotal expenses
J

Profit / (Ioss) from operations before other income

inmce costs md exceptional items (1 :2)
Jthet income

48.71

100.08

lJ.Jr

26.49

23.6i

18.81

4.01

5.72

13.41

16.81

63.73

7.00

3.82

9.6',

8.2

13.48

8.47

9.72

25 03

18.1

52.50

5439

72.0'1

106.81

(s4 3e)

Q2.07)

006.8e

(52.50)

)).tl

(1

43.8r

61.15

749.8.

307.00

49.83

(307.00)

31.00

25.19

fnmct

(21.50)

Qe,20)

Q6.2e)

(t

iinance costs

lrofit / (Inss) fiom ordinary activities after finmct

(21.s0)

(2e.20)

Q6.e4)

(s0 70

23.0r

(81 8T

Q1.s0)

Qe.20)

(36. e4)

(s0 70

230

(87.87)

Ql.s0)

Qe.20)

(36. e4)

(s0 70

230

(e8.81)

(21.s0)

Qe.20)

Q6.e4)

(s0.70

230

(e8.81)

827.3

827.3

780.74

827.3

780.7

827.37

Profit

/ (Inss) from ordinary activities

before

:osts end exceptiond items (3 + 4)

(0.6s)

:osts but before exceptional items (5 + 6)

8

56.1!

itms
lrofit / (Loss) fiom ordinary activities before tu
'7+8)

773.5,

(so.7o

(0.6s

fu apense
t1 t{et Profit / (Loss) from ordinary activities after
'9

84

00.e4)

til

10)

ixtra-ordinary items (net of

(Loss) for the

B {et profit /

tu

expense)

peiod / yen (ll ! li2)

Pzid-up equity shre capitd (Face value {10

tefer note 3)

15 Reserue excluding Revaluation Resen'es m

rf pterious accounting
t6.i

(0

ixceptional

10

1,4

220.04
(87.00)

pu shre)

pu balmce

sheet

5,007.91

yer

Emings per shae (before extraordinary items)

(of t10/- each) (not mualised) (refer note 3) :

l)

Bmic

(0.26.

(0 36

(0.42)

(0.62

1r

(0.8e)

Jo) Diluted

(0.26

(0 36

Q.a)

(0.62

1r

(0.8e)

(o.26.

(0.36

(0.42)

(0.62

0.1r

(0.8e)

(0.26.

(0.36

(0.42)

(0.62

0.1t

(0.8e)

t6.n Eamings per share (a.fter extraordinary items)

,a)

{10/- each) (not mualised) (refer note 3)

Buic

!)

Diluted

3ee

accompanying notes to the stmdalone Enancial results

(of

itatement of Assets md Liabilities

( m l2Kn

Stmddone

Particulrs

30-Sep-16

As at

As at
31-Mar-16

(Unaudited)

(Audited)

A, EQUITYAND LIASILITIES
I Shueholders' funds
(a) Share capital

821.31

821 31

(b) Reserues and surplus

4,957 2',

5-007 9t

Sub-total - Shareholders' funds

5.778.5t

5,829.21

77:

1.7:

114

1.

Non-cment liabilities
(a) Long-tem provisioos
Sub-total - Non-cwent liabilitics

/:

Curent liabilities
(a) Other

curent liabilities

Sub-total -

Cuent liabilities

TOTAL . EQUITY AND LIABILITIES

38 5t

48 9l

38.5t

48 9l

5,818.9(

5,879.9!

B. ASSETS
1

Non-cuent

assets

(a) Fixed assets

49.21

5822

@) Non-current inrestmeots
(c) hng-tem loans and advances

3,354 0(

48s3.0(

Sub-total - Non-curent assets

3-751 8!

5,262.71

2,072.8:

513 6(

41 9l

40.3:

60
01:

3.0!

2.061 01

611.21

5,818.91

5,879.9!

Curent
(a)

348.6t

(d) Other current assets

Sub-total -

Cuent

assets

TOTAL - ASSETS
\,lotes:
-I'he

)-',

assets

Curent inrestments

@) Cash and bank balances

(c) Short-tem loans and advances

1.

Jf I

01:

aborc unaudited standalone hnancial results have been reviewed by the Audit Comittee and apptor-ed by the Board of Directors in its meeting held on

November 2016

2 Pusuant to the sa.le of

ttansportation and logistics softwtre products business in 2073-14 znd completion of capital reduction plm, the nanagement of th(

Company is evaluating busiress opportunities in the areas oF

3 The

Company has consolidated its 2 equity shares of

{5

IT

solutions and sen'ices md cwendy has no reportable segment

into 1 equity shue of {10 each in its Extra-Ordinary General meeting held on 13 November 2015
The Company obtained the necessary approval from the stock exchanges and trading of equity shres with new face va.lue of {10 pet share has reswed effectivr
Itoa 9 Mzy 2076. The effect of this corsolidation of equity shares has been given in computing ernings per share of all periods presented
each

4. The frgures for prer.ious period,/vear had been resrouoed/reclassiFred whererrcr necssary,

Botd

Place: Hyderabad

Date: 7 Novmber 2016

of Directors of