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POWERING FINANCIAL SOLUTIONS

February 07, 2017

BSE Limited,
Department of Corporate Services,
Phiroze Jeejeebhoy Towers,
Dalal Street, Mumbai - 400001

Scrip Code: 526927

Subject: Outcome of Board Meeting


Dear Sir / Madam,

We wish to inform you that the Board of Directors of Dion Global Solutions Limited (lithe Company") at
their meeting held today have, inter-alia, considered and approved the Un-audited Standalone and
Consolidated Financial Results of the Company for the quarter ended December 31, 2016, in terms of
Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, duly
subjected to Limited Review by the Statutory Auditors of the Company. A copy of the said financial
results along with Limited Review Reports are attached herewith.

The meeting of the Board of Directors commenced at 2.30 p.m. and concluded at 4:45 p.m.

This is for your kind information and record.

Thanking you

Yours truly,

c\~~~
Tarun Rastogi
VP - Legal & Company S'ecretary

Encl.: As above

T: +91 11 40188100 CIN: L74899DL1994PLC058032


Dion Global Solutions Limited Registered Office: 54, Janpath, New Delhi - 110001
5th Floor, Tower A, Logix Cyber Park, C-28/29, Sec. 62, F: +91 11 40188151
www.dionglobal.com
Noida - 201309, India I T: +91 1204894600
mON GLOBAL SOLUTIONS LIMITED

Regd. Office: 54, [anpath, New Delhi -110001


Un-Audited Financial Results (or the Quarter and 9 Months ended December 31, 2016
PART I (Rs. in lacs)
Standlllonc Resuus Conwlidllted Resull.
SL.NO. PARTICULARS YeKrended
QUllrterendcd Qu~rtcr ended Quarter ended Year te Deee Year to Dale Year ended Quarter ended Quarter ended Quarter ended Year 10 Dale YeKrloOate
31.12.2016 30.09.2016 31.12.1015 31.12.2016 31.12.2015 31.03.2016 31.12.2016 30.09.2016 31.12.1015 31.J2.1016 31.12.2015 31.03.2016
Unaudlted Unaudited Unaudited Unaudited Unaudited Audited UnKudlh:d Unaudited Unlludited Unaudited Unaudited Audih:d
INCOME FROM OPERATIONS
(a) NET SALESIINCOME FROM OPERATIONS (NET OF EXCISE DLJfV) 666.22 700.98 752.97 2.093.12 2,597.99 3,437.16 5,831.92 5,586.19 5,684.57 16,742.01 18.795 SO 23,030.17
(b) OlllER OPERATING INCOME 0.72 0.72 0.72 1.75
TOTAL INCOME FROM OPERATIONS (NET) 666.21 700.98 752.97 2,093.12 2.598.71 3,437.88 5,831.91 5.586.19 5,68-1.57 16,742.01 18,796.22 23,031.92

EXPENSES
(a) EMJ)LOYEE BENEFIT EXPENSES 603.55 624.07 683.98 \,889.42 2,111.09 2.791.62 3.967.62 3,735.40 4,326.19 11,923.27 13,046.18 \7,794.41
(b) RENr 55.57 54.11 SO.69 165.82 161.57 236.96 302.57 314.37 32555 941.20 993.20 \,298.54
(c) TRAVELLING & CONVEYANCE 11.5\ 10.36 20.23 '40.44 99.94 119,42 197.63 145.91 250".30 481.05 964.12 \,210.97
(d) DEPRECIATION AND AMORTIZATION EXPENSE 31.02 30.67 33.11 91.50 94.82 126.49 462.()6 450.92 470.50 1,321.18 1.299.48 1,941.58
(e) PROVISION FOR DOUBTFUL DEBTS/ BAD DEBTS 6.58 1.11 7.69 0.60 15.15 6.58 1.11 0.00 7.69 53.54 81.87
(Q OH-fER EXPENSES 167.14 162.46 127.83 496.47 402.36 554.22 1.358.68 1.248.96 1,314.94 3,950.28 4.459.89 5,523.00
TOTAL EXPENSES 875.37 881.78 915.8~ 2,691.3-4 2.870.38 3,843.86 6,295.14 5,896.67 6,687.48 18,624.67 20,816Al 27,850.36

PROFIT/(LOSS) FROM OPERATIONS BEFORE OTHER INCOME, FINANCE COSTS AND


(109.15) (181.80) (161.87) (598.22) (271.67) ('05.98) (463.11) (310.48) (1,002.91) (1,882.66) (2,020.19) (4,818.")
EXCEPTIONAL ITEMS (1-2)
OTHER INCOME (NEl) 442.58 493.58 354.89 1.243.66 913.27 1,074.78 222.08 195.10 253.86 617.05 779.59 2,614.45
PROFlT/(LOSS) FROM ORDINARY ACTIVITIES BEFORE FINANCE COSTS AND
233.43 111.78 192.02 645.4-1 641.60 668.80 (2-11.14) (115.38) (749.05) (1,265.61) (1,240.60) (2,20'.00)
EXCEPTIONAL ITEMS (3+-')
FINANCE COSTS 779.10 728.70 453.26 2.150.98 1,339.89 1.871.40 1,266.52 1.169.65 794.95 3,527.93 2.335.89 3.546.91
PROFIT/(LOSS) FROM ORDINARY ACTIVITIES AFTER FINANCE COSTS OUT BEFORE (3,516.49)
(545.67) (-116.92) (261.24) (1,505.54) (698.29) (1,201.60) (1.'101.66) (1,285.03) (1,544.00) (4,793.54) (5,1511.90)
EXCEPTIONAL ITEMS (3-6)
EXCEPTIONAL ITEMS 30.30 1.245.21 3,094.81
PROFIT/(LOSS) FROM ORDINARY ACTIVITIES BEFORE TAX (7-8) 545.67 '416.92 261.24 1.535.8-1 698,29 (1,202.60 1,507.66 1,285.03 1,s.&4.00 6,038.73 3.576A9) 8,845.71
lOT AX EXPENSE 1.66 2.76 3.23
11 NET PROFIT/(LOSS) FROM ORDINARY ACTIVITIES AFTER TAX (9-10) (698.19) (1,202.60) (1.507.66) (1.285.03) (1 ~5.66) (6.038.75) (3.579.25) (8~' .9')
12 EXTRAORDINARY n'EMS (Nbi' OF TAX EXPENSE)
13 NET PROFIT/(LOSS) fOR THE PERIOD (11.12) 698.29 1,102.60 1.so7.66 1,285.03 1,545.66 (6,038.75 3.579.25 8,848.94)
14 SllARE OF MINORITY INfEREST 14.47 (51.54 (22.80) (130.25) 223.50) ISO.53
\5 NET PROFIT/CLaSS) FOR THE PERIOD AFfER M1NORITY lNTEREST (1314)

16 PAID UP E UITY SHARE CAPITAL FACE VALUE Rs.IO/- PER SHARE


17 RESERVES EXCLUDING REVALUATION RESERVES AS PER BALANCE SHEET OF
PREVIOUS A=UNTING YEAR
18 IEARNINGS PER SHARE (EPS)

a) BASIC AND orurrsn EPS BEFORE EXTRAORDINARY ITEMS (NOT ANNUALIZED)


BASIC (Its.)
orurrsn (Its.)

b) BASIC AND DILUTED EPS AFTER EXTRAORDINARY ITEMS (NOT ANNUALIZED)


BASIC (Rs.)
DlLtJrnD--,-Rs.)
Neres :

The above Un-audited Srandalonc and Consolidated Financial Results for the quarter ended December 31, 2016 of Dicu Global Solutions Limited ("the Compal\~ ") have been reviewed by the Audit Committee and approved b~ the Board of Directors at its respective meetings held on February 07.2017. TIle Statutory Auditors of
the Company have carried out the Limited Review of the aforesaid financial results.

Pursuant to the clarification issued by the SEBI regarding submission of Limited Review Report on Financial Results, the Consolidated Unaudited Financial Results of the Company for the quarter ended December 31, 20l61la\"c been reviewed by the Statutory Auduors of the Company. However. the consolidated figures for the
corresponding quartercndcd 31st December 2015, the preceding quarter ended 30th September 2016 and thc ycer 10 date period ended December 31, 2015 and December 31,2016 respectively as included in the aforesaid financial results have not been subjccted to lirnncd review earlier.

As the Company is into Software Product and Services business, license foe revenue may vary Iroru quarter to quarter.

During the quarter ended December 31, 2016, the following events have occurred:

a. Mr. C. P. Gurnani has resigned from the Board of Directors ofthc Company with effect from November 11,2016.

b. Mr. Vivek Satish Agarwal has been appointed as an Additional Director (in the category of Nee-Executive Nominee Director) on the Board of the Company with effect from November 11, 2016.

The previous quarter! year figures have been rearranged! regroupcdl re-classified where ever necessary 10 make these comparable with those of the current year.

(Rs. in laes)
SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED
Sland.lone Relulls Consolidated Rcsull,
St,NO 1 PARTICULARS
Quarter ended Quarter ended Qu.rter ended Year to Dale Year to O.'e Year ended Quarter ended Quarter ended Quarter ended Year toD.te Year 10 O.'e Year ended
31.12.2016 30.09.2016 31.12.2015 31.12.2016 31.12.2015 31.03.2016 31.12.2016 30.09.2016 31.12.2015 31.12.2016 31.12.2015 31.03.2016
Unaudited Unaudiled Unll.udlled Unll.udiled Unll.udlled Audiled Unaudiled Umludlled Unlludlled Unlludiled Unlludlled Audited
SECMENT REVENUE
(u) SOFIWARE PRODUCT & SERVICES 666.22 700.98 75297 2,093.12 2,598.71 3,437 88 5,831.92 5,586 t9 5,684 57 16,742.0\ 18,796.22 23,031.92
1
(b) INVESTMJ:.""Nl IN SUBSIDIARIES
(c) UNALLOCABLE
LESS: INTER SEGMENT REVENUE
NET SALESIlNCOME fROM OPERATIONS ' . 1 5.684.571 16.742.01 I UI.796.22 I 23.031.91

SECMENT RESULTS
PROFfTI(LOSS) BEFORE TAX AND Il<I'EREST FROM EACH SEGMENT
(a) SOFTWARE PRODUCT & SERVICES (212.35) (119.12) (78.44) (630.92) (209.12) (463.39) (1.240:60)1 (5.298.80)
(241:14)1 (115:38)1 (749:05)1 (2.510:82)1
(h) INVESThfEN'f IN SUBSIDIARJES 223.74 213.02 61.16 596.11 257.83 ]]4.54
TOTAL 11,39 93.90 17.28 34.81 41f.71 111f.1f5 W .4)f 1I5.3tUI 749.05)1 2,510.82ll 1,240.60)1 5 98.80
LESS: (A) FINANCE COSTS 779.10 728.70 453.26 2,150.98 1,339:89 1,871.40 1.266.521 1.169.651 794.951 3.527.931 2.335.89 1 3,546.9\
(B) OTI<ER UNALLOCABLE EXPENDITURE (222.04) (217.88) (209.30) (649.95) (592.88) (797.65)
NET OF UNALLOCAHLE INCOME.

TOTAL PROFlT/(LOSS) BEFORE TAX (',O,.:7>!1 (',57'.49)1 (8,845.71

CAPITAL EMPLOYEO
(SEGMEN! ASSETS LESS SEGMENT L1ABlLITIES)
(a) SOFTWARE I'ROOUCT & SERVICES (4,486.57)
(h) lNVES1ME>IT IN SUBSIDIARIES
) UNAllDCABLE 12,675 SS
TOTAL CAPITAL EMPLOY.D 8,119.11

For Dion Global Solutions limited

PLACE t Curugrarn, Haryana


DATE : February 7, 2017
5 5 HOTHARI MEHTA & CO 146-148 Tribhuvan Complex
Ishwar Nagar
Mathura Road
CHARTERED ACCOUNTANTS New Oelhi-11 0065
Phones: '+91-11-46708888
Fax: +91-1'1-6662 8889
E-mail: delhi@sskmin.com

LIMITED R VIEW REPORT

To
The Board of Directors
Dion Global Solutions Limited

We have reviewed the accompanying statement of standalone unaudited financial results of Dion Global
Solutions Limited (lithe Company") for the quarter and nine months ended December 31, 2016
("Statement") prepared pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015. This Statement is the responsibility ofthe Company's Management and
has been approved by the Board of Directors. Our responsibility is to issue a report on these financial
statements based on our review.

We conducted our review in accordance with 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 Chartered Accountants of India. This standard requires that we plan and perform the review to obtain
moderate assurance as to whether the financial statements are free of material misstatement. A review
is limited primarily to inquiries of company personnel and analytical procedures applied to financial data
and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do
not express an audit opinion.

Based on our review conducted as above, nothing has come to our attention that causes us to believe
that the accompanying statement of standalone unaudited financial results prepared in accordance with
applicable accounting standards and other recognized accounting practices and policies has not disclosed
the information required to be disclosed in terms of Regulation 33 of the SEBI(Listing Obligations and
Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed, or that it
contains any material misstatement.

For S S Kothari Mehta & Co.

Neeraj Bansal
Partner
Membership No. 095960

Place: Gurugram
Date: 7thFebruary, 2017
146-148 Tribhuvan Complex
5 5 HOTHAAI MEHTA & CO Ishwar Nagar
Mathura Road
New Delhi-11 0065
CHARTERED ACCOUNTANTS Phones: +91-11-4670 8888
Fax: +91-11-66628889
E-mail: delhi@sskmin.com

REPORT ON LIMITED REVIEW OF UNAUDITED CONSOLIDATED FINANCIAL RESULTSTO THE BOARD OF


DIRECTORS OF o"lON GLOBAL SOLUTIONS LIMITED .

We have reviewed the accompanying statement of unaudited consolidated financial results of Dion Global
Solution Limited ("the Parent / the Company") and Its subsidiaries for the quarter and nine months ended
December 31, 2016 ("Statement") prepared pursuant to Regulation 33 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations. 2015. Attention is drawn
to the fact that the figures for the
corresponding quarter ended 3pt December 2015, the preceding quarter ended 30th September 2016 and
the year to date period ended December 31,2015 and December 31,2016 respectively as included in the
Statement have not been subject to limited review (Refer Note 2 of the Unaudited Financial Results for the
quarter and 9 months ended December 31, 2016, as approved by the Board). This statement is the
responsibility of the Company's Management and has been approved by the Board of Directors. Our
responsibility is to issue a report on these financial results based on our review.

We conduced our review in accordance with the Standard on Review Engagement (SRE) 2410, Review of
Interim Financial Information Performed by the Independent Auditor oj the Entity, issued by the Institute
of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain
moderate assurance as to whether the financial statements are free from material misstatements.

A review is limited primarily to inquiries of company personnel and analytical procedures applied to the
financial data and thus provides less assurance than audit. We have not performed an audit and
accordingly, we do not express an audit opinion.

The Statement includes the result of 22 (Twenty - Two) direct and step down subsidiaries of the Company.
We did not review the results of 22 direct and step down subsidiaries of the Company included in the
consolidated unaudited financial results reflecting total income of Rs. 14,218.14 Lakhs, expenditure of Rs.
18,590.80 Lakhs and total assets of Rs. 21,302.25 Lakhs for the period ended December 31, 2016. The
financial results of the subsidiaries for the said period have been prepared by the management of the
respective subsidiary and have not been reviewed by their auditors, our report on the consolidated
unaudited quarterly and nine month financial results, In so far as it relates to amounts included in respect
of such subsidiaries, is based solely on financial results prepared by the management of the respective
subsidiary.

Based on our review conducted as above, nothing has come to our attention that causes us to believe that
the accompanying statement of consolidated unaudited financial results prepared in accordance with
applicable accounting standards and other recognized accounting practices and policies has not disclosed
the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed, or that it
contains any material misstatement.

For S S Kothari Mehta & Co.


Chartered Accountants
ICAI Registration No. 000756N

~
Neeraj Bansal
Partner
Membership No. 095960

Place: Gurugram
Date: rh February, 2017