DION May 23, 2016 BSE Limited, Department of Corporate Services, Phiroze Jeejeebhoy Towers, Dalal Street, ‘Mumbai - 400001, Scrip Code: 526927 Subject: Outcome of Board Meeting Dear Sir(s), We wish to inform you that the Board of Directors of Dion Global Solutions Limited (“the Company”) at its meeting held today have inter-alia, considered and approved the following: a) Audited Standalone and Consolidated Financial Results of the Company for the financial year ended March 31, 2016, A copy of the said financial results along with Audit Report and Form A is attached herewith, b) Designate Mr. Michel Borst as one of the Key Managerial Personnel of the Company effective from May 23, 2016; ©) Appointment of Mr. Gopala Subramanium as the Chief Financial Officer of the Company effective from May 23, 2016. Mr. Gopala Subramanium is currently the Head ~ Business Intelligence of the Company. He has over 15 years of experience in the financial service industry managing the finance & business intelligence function, and holds expertise in the area of financial reporting and analysis, business modelling/projections, driving & monitoring AOPs, budgets, performance, sales behaviour and various cost saving/control initiatives. We also wish to further inform that Mr. Ajay Milhotra has resigned from the office of Chief Financial Officer of the Company effective from May 23, 2016. The meeting of the Board of Directors of the Company commenced at 2.30 p.m. and concluded at 6.00 p.m. This is for your kind information and record. Thanking you Yours truly, For Dion Global Solutions Limited qn Tarun Rastogi VP Legal & Company Secretary Encl. as above Dion Global Solutions Limited +91 11 40188100 cc: L74e9901199401.¢058032 5th Foor Tower A, Loss Cyber Park, C-28/29, Sec. 62, F; $91 11 <0ueeis1 Registered Office ; 54, onpath, New Delhi ~ 1100 Noide- 201309, nla | T: 91 120 4894600, worw.dionglobal.comeTSGA NOT manera a Sop NS saurwoyri ayy 411904 Toe Te 1-1 ami po om ee MORNE EN SNM PEE EO ENA LAS 97 GE MEOW ENE AEG PLY J HEDIS Pip) BE UES SESS KOTHARI MEHTA & CO thar agrees Ihwar Naga Mathur CHARTERED ACCOUNTANTS New Beth 10065 i Phones : +91-11-4670 8688 Fax: "| +91-11-6662 8889 E-mail ; delhi@sskmin.com Auditor’s Report On Quarterly Financial Results and Year to Date Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, To Board of Directors of Dion Global Solutions Limited We have audited the quarterly financial results of Dion Global Solutions Limited (‘the Company’) for the quarter ended 31” March, 2016 and the year to date results for the period 1 April, 2015 to 31* March, 2016, attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. These quarterly financial results as well as the year to date financial results have been prepared on the basis of the interim financial statements, which are the responsibility of the Company's management. Our responsibility Is to express an opinion on these financial results based on our audit of such interim financial statements, which have been prepared in accordance with the recognition and measurement principles laid down in Accounting Standard for Interim Financial Reporting (AS 25), prescribed, under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. The quarterly financial results for the quarter ended 31% March 2016 are the derived figures between the audited figures in respect of the year ended 31 March 2016 and the published year-to-date figures for the period 1* April 2015 to December 31, 2015, being the date of the end of the third quarter of the current financial year, which were subject to limited review in accordance with Standard on Review Engagements (SRE) 2410, ‘Review of Interim Financial information Performed by the Independent Auditor of the Entity’ as issued by the Institute of Chartered Accountants of India. We conducted our audit in accordance with the auditing standards generally accepted in India. Those siandards require that we plan and perform the audit to obtain reasonable assurance about whether the financial results are free of material misstatements. An audit includes examining, on a test basis, evidence supporting the amounts disclosed as financial results. An audit also includes assessing the accounting principles used and significant estimates made by management. We believe that our audit provides a reasonable basis for our opinion. In our opinion and to the best of our information and according to the explanations given to us these quarterly financial results as well as the year to date results: (i) are presented in accordance with the requirements of Regulation 33 of the SEB! (Listing Obligations and Disclosure Requirements) Regulations, 2015 in this regard; and5S KOTHARI MEHTA & CO (i) give.a true and fair view of the net loss and other financial information for. the quarter ended 31% March, 2016 as well-as:the-year-to-date-results-for-the-period-from-1® April, 2015 to 31% March, 2016, For $$ Kothari Mehta & Co. Chartered Accountants Firm’s Registration l¥q-000756N 7 Kk Tulshan Partner Membership No. 085033 Place of Signature: Gi ooSS KOTHARI MEHTA & CO ia Nagar "OPS Mathura Road CHARTERED ACCOUNTANTS New Delhi-110065 Phones : +91-11-4670 8888 Fax: | +91-11-6662 8889 E-mail : delhi@sskmin.com| Auditor's Report on Consolidated Year to Date Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 To Board of Diréctors of Dion Global Solutions Limited We have audited the consolidated year to date financial results of Dion Global Solutions Limited (‘the Company’) for the year ended 31st March, 2016 attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. These consolidated financial results have been prepared from consolidated financial statements, which are the responsibility ‘of the Company's management. Our responsibility is to express an opinion on these consolidated financial results based on our audit of such consolidated financial statements, which have been prepared in accordance with the recognition and measurement principles laid down as per accounting standards mandated under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder or by the Institute of Chartered Accountants of India, as applicable and other accounting principles generally accepted in India. The quarterly financial results for the quarter ended 31" March 2016 are the derived figures between the audited figures in respect of the year ended 31 March 2016 and the published year-to-date figures for the period 1* April 2015 to December 31, 2015, being the date of the end of the third quarter of the current financial year, which were subject to limited review in accordance with Standard on Review Engagements (SRE) 2410, ‘Review of Interim Financial Information Performed by the independent Auditor of the Entity’ as issued by the Institute of Chartered Accountants of India. We conducted our audit in accordance with the auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial results are free of material misstatement(s). An audit includes examining, on a test basis, evidence supporting the amounts disclosed as financial results. An audit also includes assessing the accounting principles used and significant estimates made by management. We believe that our audit provides a reasonable basis for our opinion. We did not audit the financial statements of 26 subsidiaries included in these consolidated financial results, whose financial statements reflect total assets of Rs. 22,187.05 lacs as at 31st March, 2016 as well as the total revenue of Rs. 21,135.91 lacs for the year ended 31st March, 2016. These financial statements and other financial information have been audited by other auditors whose report has been furnished to us, and our opinion on the financial results, to the extent they have been derived from such financial statements is based solely on the report of such other auditors.‘SS KOTHARI MEHTA & CO In our opinion and to the best of our informs these consi and according to the explanations given to us. ted financial results: {i) include the financial results of the following entities: Regius Overseas Holding Co. Ltd; Olive Rays Innovations Limited; Dion Global Solutions Pty Ltd.; Dion Global Solutions (Australia) Pty. Ltd.; Dion Global Solutions (Asia Pacific) Pty. Ltd.; Dion Global Solutions (Developments) Pty. Ltd.; Dion Global Solutions (NZ) Ltd.; Dion Global Solutions (HK) Ltd.; Dion Global Solutions Vietnam Company Limited; Dion Global Solutions (MY) Sdn. Bhd; Dion Global Solutions (Singapore) Pte. Ltd,; Dion Global Solutions (Canada) Ltd; |. Dion Global Solutions Inc.; Dion Latam S.A. Dion Panama S.A. Dion Global Solutions (UK) itd. Dion Global Solutions Gmbh Indigo (London) Holdings Ltd. Dion Global Solutions Limited Consort Information Systems Ltd. Consort Securities Systems Ltd. Investmaster Holdings Ltd. . Adminsource (UK) Ltd, Indigo (London) Limited Chase Cooper Holdings Ltd. Chase Copper Ltd. . DBS Financial Systems Ltd. (ii) have been presented in accordance with the requirements of Regulation 33 of the SEBI losure Requirements) Regulations, 2015 in this regard; ) give a true and fair view of the consolidated net loss and other financial information for the year ended 34st March, 2016. $$ Kothari Mehta & Co. rtered Accountants Registration No. 000756N KK Tulshan Partner Membership No.: 085033 Place: Gurgaon Dated: 23 May 2016May 23, 2018 Form A (For Audit Report with unmodified opinion) {eursuant to Regulation 33 of SEB! {Listing Obligations and Disclosure Requirements Regulations, 2015} 1. | Mame of the Company 1 Sion Global Solutions timiied \ | 2. Fknnuial financial statements for the year ended | March 31, 2026 3 ve of Audit abservation | Un niceiied fStandotone) 4. | Erequeney of observation | Not Applicable 5. Te be signed by | . Borst chief Executive Officer + Gopala Subramanium ancial Officer 7 |e eK K Tushar, Partner Membership No.2 085033 5, §. Kothari Mehta 8 Co Chartered Accountants Firm Registration No: OO0755N + Mr. Paclom Narain Bah! Chairman of Audit ComMay 23, 2016 Forma (For Audit Report with unmodified opinion) (Pursuant to Regulation 33 of SEB! [Listing Obtigations and Disclosure eqish einent Regulations, 2015) f Hume of the Company Dion Globat Solutions Lint 2.” | Annval financial stateme year ended March 31, 2016 3. | Type of Audit observation Un Radilied (Consol Frequency of observation [ Not Appiicabie “To ue signed by. Mr. Michel Borst Chief Executive Officer Chief Financial Officer i i © MP KK, Tulstian i Partner Membership No.: 085033 For S. 8, Kothari Mehta & Ci Chartered Accountants, | Firm Registration No.: 000756N ° Mr, Padem Narain Gah i airman of Audit Committee |