Afcom Holdings Ltd — Board Meeting, 27-05-2025: Board Meeting

Date: May 27, 2025

To,

BSE Limited,

25th Floor, P. J. Towers,

Dalal Street, Fort,

Mumbai- 400 001.

Symbol: 544224

Sub: Outcome of Board Meeting held on May 27, 2025 under Regulation 30 read with

Para A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements)

Regulations, 2015

Pursuant to Regulation 30 read with Para A of Schedule III of SEBI (Listing Obligations and

Disclosure Requirements) Regulations, 2015, we would like to inform you that the meeting of

the Board of Directors (the "Board") of the Company which commenced at 01:45 PM and

concluded at 02:45 PM today have inter-alia transacted the following:

1. Approved the audited financial statements for the financial year ended March 31, 2025.

In this regard, please find enclosed copies of the following:

i. Statement showing the audited financial results including Statement of Assets and

Liabilities, Profit and Loss statement and cashflow statement for the financial year ended

March 31, 2025.

ii. Independent Auditors’ Report on the financial statements of the Company issued by M/s.

PPN and Company, Chartered Accountants, our Statutory Auditors pursuant to Regulation

33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

We request to take the above on record.

Thanking You,

For AFCOM HOLDINGS LIMITED

Name : Ajith Kumar

Designation : Company Secretary and Compliance Officer

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??NTAND COMPANY

CHARTERED ACCOUNTANTS

No,2, lV Cross Street, Sterling Rord. Nungxmbakkam, Chennai - 600 034.

(Neer to Loyola College) Ph: 044-2828 0033, Cell: 988/4 48912.

E-mail: info@ppnaco.com I Web: www.ppnaco,com I www.ppnaco.co.in

Intlependen t Auditor's ReDorton the Half Year Ended andYear Ended 3l-03-2025

Audited Standalone Financial Ilesults Pursuant to Requlation J3 ofthe SEBI (Listine

Oblisation And Disclosure Reouiremcnts). Resu lation. 2015.as amended

To

The Board of Directors,

AFCOM HOLDINGS LIMITED,

Report on the Audit of the Standalone Financial Results

Opinion:

We have audited the standalone financial results of "Afcom Holdings Limited" (hereinafter

referred to as the "Company"), for the year ended 3lst March. 2025 (the Statement"), being

submitted by the company pursuant to the requirement of Regulation 33 of the SEBI (Listing

Obligations and Disclosure Requirements) Regulation 2015 ('the Regulations') as amended (the

"Listing Regulations").

In our opinion and to the best ofour information and according to the explanations given to us, the

aforesaid standalone fi nancial results;

give the information required by the Companies Act, 2013 ('the Act") in the manner so

required and give a true and fair view in conformity with the accounting principles

generally accepted in India, ofthe state of affairs ofthe Company as at March 1l'2025'

and profit for the year ended on that date; and

a

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is presented in accordance with the requirements of Regulation 33 of the Listing

Regulations

Basis for Opinion:

We conducted our audit in accordance with the Standards on Auditing ("SAs,,) specified under

section 143(10) of the companies Act, 2013 ("the Act"). our responsibilities under these

standards are elaborated upon in the Auditor's Responsibilities for the Audit of the Financial

Results segment olour report. our independence from the company is in full compliance with

the code of Ethics issued by the Institute of chartered Accounrants oflndia ("lcAI") together

with the ethical requirements that are relevant to our audit ofthe financial statements under the

provisions of the companies Act,2013 and its associated Regulations. Furthermore, we have

conscientiously met all other ethical obligations in alignment with these regulations and the

Code ofEthics. We maintain confidence that the audit evidence gathered is both sufficient and

appropriate to provide a basis for audit opinion.

The Company's Board of Directors is responsible for the matters stated in section 134(5) of

the Companies Act. 2013 ("the Act") with respect to the preparation of these standalone

financial results that give true and fair view of the financial position, financial information of

the company in accordance with the accounting principles generally accepted in India,

including the measurement principles laid down in the Accounting Standard - 25, specified

under section 133 of the Act. along wilh the relevant rule issued thereunder and other

accounting principles generally accepted in India and in compliance with Regulation 33 ofthe

Listing Regulations.

This responsibility also includes maintenance of adequate accounting records in accordance

with the provisions ofthe Act for safeguarding ofthe assets ofthe Company and for preventing

and detecting frauds and other irregularities; selection and application of appropriate

accounting policies; making judgements and estimates that are reasonable and prudent; and

design, implementation and maintenance of adequate intemal financial controls, that were

operatingeffectivelyforensuringtheaccuracyandcompletenessoftheaccountingrecords,

relevant to the preparation and presentation ofthe financial results that give a true and fair view

and are free from material misstatement, whether due to fraud or error'

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Responsibilities of Management for the Standalone Financial Results:

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In preparing the financial results, the management is responsible for assessing the company's

ability to continue as a going concem. disclosing, as applicable, matters related to going

concem and using the going concem basis ofaccounting unless management either intends to

liquidate the company or to cease operations. or has no realistic altemative but to do so.

process.

Auditor's Responsibilities for the Audit of thc Financial results:

Our objectives are to obtain reasonable assurance about whether the 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 not an

absolute level of assurance and is not a guarantee that an audit conducted in accordance with

SAs wilt always detect a material misstatement when it exists. Misstatements can arise from

fraud or error and are considered material if, individually or in the aggrcgate, they could

reasonably be expected to influence the economic decisions ofusers taken on the basis ofthese

financial results.

As part of the audit and in accordance with SAs, we exercise professional judgment and

maintain professional skepticism throughout the audit. We also have:

Identifu and assess the risks of material misstatement ofthe financial results, whether due

to fraud or error, design and perform audil procedures responsive to those risks, and obtain

audit evidence that is sulficient and appropriate to provide a basis for our opinion. The

risk olnot 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 intemal control.

obtain an understanding of intemal control relevant to the audit in order to design audit

procedures that are appropriate in the circumstances. Under section 143(3)(i) of the

companies Act,2013. we are also responsible for expressing our opinion on whether the

company has adequate intemal financial controls system in place and the operating

effectiveness of such controls.

Evaluate the appropriateness of accounting policies used and the reasonableness of

accounting estimates and related disclosures made by management and the Board of

Directors

The Board of Directors are also responsible for overseeing the company's financial reporting

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Conclude on the appropriateness of management's use of the going concem 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 concem. 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 modifo our opinion. Our

conclusions are based on the audit evidence obtained up to the date ofour auditor's report.

However, future events or conditions may cause the Company to cease or to continue as

a going concern.

Evaluate the overall presentation. structure and content ofthe Standalone financial results,

including the disclosures. and whether the financial results represent the underlying

transactions and events in a manner that achieves fair presentation.

Obtain sufficient appropriate audit evidence regarding the Financial Results ofthe entities

within the group to express an opinion on the Financial results.

Materiality is the magnitude of misstatements in the Standalone Financial Resuls that,

individually or in aggregate, makes it probable that the economic decisions of a

reasonably knowledgeable user of the Standalone Financial Results may be influenced.

We consider quantitalive materiality and qualitative factors in -

o Planning the scope of our audit work and in evaluating

the results of our work; and

o to evaluate the effect ofany identified misstatements in the Standalone Financial

Results

We communicate with those charged with governance regarding, among other matters, the

planned scope and timing ofthe audit and significant audit findings, including any significant

deficiencies in intemal control that we identify during our audit.

We also provide those charged with govemance with a statement that we have complied with

relevant ethical requirements regarding independence, and to communicate with them all

relationships and other matters that may reasonably be thought to bear on our independence,

NNAI

where applicable, related saf'eguards.

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Other Mattcrs:

The Standalone Annual Financial Results dealt with by this report have been prepared to

express for the purpose of filing with Stock Exchanges. These results are based on and should

be read with the audited Standalone Financial results ofthe Company for the year ended 3lst

March 2025 on which we issued an unmodified audit opinion.

The Statement includes the results for the halfyear ended 3l st March 2025. being the balancing

figure between the audited figures in respect ofthe full financial year and the published audited

year to date figures up to the first half of the year of the current financial year which were

subject to limited review by us. Our report on the Statement is not modified in respect of this

matter.

DATE: 2710512025

PLACE: Chennai

FoTPPNANDCOMPANY

Chartered Accountants

Firm Reg No:013623S

D. Hitesh

Partner

M.No:231991

UDIN No: 25231991 BMKRMP7201

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