REDINGTON LIMITED Redington
Registered & Corporate Office
Redington Limited
(Formerly known as Redington (India] Limitedl Plot Noll (SPI, Thiru.Vi.Ka Industrial estate, Guindy, Chennai- 600032, Tamil Nadu, India. Tel: +91444224 3353 Fax: +91 22 2225 3799 Email: investors@redington.co.in
CIN: L52599TN1961PLC028758
www. redingtongroup.com
September 5, 2022
The National Stock Exchange of India Limited,
Exchange Plaza,
Bandra-Kurla Complex,
Bandra (E), Mumbai - 400051.
Symbol: REDINGTON
Dear Sir/Madam,
Sub: Reply to clarification sought by stock exchange
This is with reference to your clarification sought on Financial Results filed by the Company for the quarter ended June 2022, we hereby submit our response as follows:
The Board of Directors of the Company considered and approved the Standalone and Consolidated financial results for the quarter ended June 30, 2022 along with the Limited review report from Statutory Auditors of the Company on August 3, 2022.
The above said financial results along with Limited Review Report from Statutory Auditors were also filed with the stock exchanges on the same day as per Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirement), 2015.
We would like to submit that the Statutory Auditors of the Company M/s Deloittle Haskins & Sells had encountered difficulty in generation of UDIN due to server problem on ICAI Website, hence the results along with Limited review report was submitted without UDIN. Subsequently Statutory Auditors, informed that they could generate UDIN and updated report with UDIN is attached to this letter.
Request to take the same on record.
Thanking You
Yours. faithfu�',
/
M.Muth J<>
Companysecretary.
All Correspondence to Registered & Corporate office only
Chartered Accountants
ASV N Ramana Tower,
52, Venkatnarayana Road,
T. Nagar,
Chennai - 600 017,
Tamil Nadu, India
Tel : +91 44 6688 5000
Fax: +91 44 6688 5050
INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM STANDALONE FINANCIAL RESULTS
TO THE BOARD OF DIRECTORS OF
Redington (India) Limited
- We have reviewed the accompanying Statement of Standalone Unaudited Financial Results of Redington (India) Limited ("the Company"), for the quarter ended June 30, 2022 ("the Statement"), which includes the branch of the Company located at Singapore, being submitted by the Company pursuant to the requirement of Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
- This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
- We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India (ICAI). A review of interim financial information consists of making inquiries, primarily of the Company's personnel responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
- Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.
For Deloitte Haskins & Sells
Chartered Accountants
(Firm's Registration No. 008072S)
Ananthi Amarnath
Partner
(Membership No. 209252)
Place: Chennai
Date: August 03, 2022
UDIN: 22209252AOFYTD1072
Chartered Accountants
ASV N Ramana Tower,
52, Venkatnarayana Road,
T. Nagar,
Chennai - 600 017,
Tamil Nadu, India
Tel : +91 44 6688 5000
Fax: +91 44 6688 5050
INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM CONSOLIDATED FINANCIAL RESULTS
TO THE BOARD OF DIRECTORS OF
Redington (India) Limited
- We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of Redington (India) Limited ("the Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group"), and its share of the net loss after tax and total comprehensive loss of its associate for the quarter ended June 30, 2022 ("the Statement") which includes the branch of the Parent located at Singapore, being submitted by the Parent pursuant to the requirement of Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
- This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
-
We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India (ICAI). A review of interim financial information consists of making inquiries, primarily of Parent's personnel responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under Section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable. - The Statement includes the results of the subsidiaries and associate listed in Annexure I
- Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.
- We did not review the financial information of one overseas subsidiary (which included the financial information of its step-down subsidiaries) and one step-down subsidiary included in the consolidated unaudited financial results, whose interim financial information reflect total revenues of Rs. 8,757.31 crores for the quarter ended June 30, 2022, total net profit after tax of Rs. 179.20 crores for the quarter ended June 30, 2022, and total comprehensive income of Rs. 293.21 crores for the quarter ended June 30, 2022 as considered in the Statement.
The consolidated unaudited financial results also includes the Group's share of loss after tax of Rs. NIL for the quarter ended June 30, 2022 and total comprehensive loss of Rs. NIL for the quarter ended June 30, 2022 as considered in the Statement, in respect of its associate, whose interim financial information have not been reviewed by us. These financial information have been reviewed by other auditors whose reports have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of this subsidiary and associate, is based solely on the reports of the other auditors and the procedures performed by us as stated in paragraph 3 above.
Our conclusion on the Statement is not modified in respect of these matters.
For Deloitte Haskins & Sells
Chartered Accountants
(Firm's Registration No. 008072S)
Ananthi Amarnath
Partner
(Membership No. 209252)
Place: Chennai
Date: August 03, 2022
UDIN: 22209252AOFZGU4497
Annexure I to the Independent Auditor's Review Report on Review of Interim Consolidated Financial Results
The unaudited Interim consolidated financial results include results of the following entities:
Sl.No | Name of Component | Relationship |
1 | Redington International Mauritius Limited, Mauritius | Direct Subsidiary |
2 | Redington Distribution Pte Ltd, Singapore | Direct Subsidiary |
3 | ProConnect Supply Chain Solutions Limited, India | Direct Subsidiary |
4 | Redserv Global Solutions Limited, India | Direct Subsidiary |
5 | Redserv Business Solutions Private Limited, India | Step-Down Subsidiary |
6 | Redington SL Private Limited, Sri Lanka | Step-Down Subsidiary |
7 | Redington Bangladesh Limited, Bangladesh | Step-Down Subsidiary |
8 | Redington Gulf FZE (RGF), Dubai, UAE | Step-Down Subsidiary |
9 | Redington Turkey Holdings SARL, Grand Duchy of Luxembourg | Step-Down Subsidiary |
10 | Arena International FZE, Dubai, UAE | Step-Down Subsidiary |
11 | Proconnect Supply Chain Logistics LLC , Dubai, UAE | Step-Down Subsidiary |
12 | Arena Bilgisayar Sanayi Ve Ticaret AS, Turkey | Step-Down Subsidiary |
13 | Redington Kenya Limited, Kenya | Step-Down Subsidiary |
14 | Redington Gulf & Co LLC, Oman | Step-Down Subsidiary |
15 | Cadensworth FZE, Dubai, UAE | Step-Down Subsidiary |
16 | Redington Egypt Ltd (Limited Liability Company), Egypt | Step-Down Subsidiary |
Redington South Africa (Pty) Ltd, South Africa (formerly known | Step-Down Subsidiary | |
17 | as Ensure IT services (Pty) Ltd) | |
18 | Ensure Services Arabia LLC, Kingdom of Saudi Arabia | Step-Down Subsidiary |
19 | Redington Middle East LLC, Dubai, UAE | Step-Down Subsidiary |
20 | Ensure Services Bahrain SPC, Kingdom of Bahrain | Step-Down Subsidiary |
21 | Redington Limited, Ghana | Step-Down Subsidiary |
22 | Africa Joint Technical Services, Libya | Step-Down Subsidiary |
23 | Redington Uganda Limited, Uganda | Step-Down Subsidiary |
24 | Redington Kenya (EPZ) Limited, Kenya | Step-Down Subsidiary |
25 | Redington Rwanda Ltd., Rwanda | Step-Down Subsidiary |
26 | Cadensworth United Arab Emirates (LLC), Dubai, UAE | Step-Down Subsidiary |
27 | Redington Gulf FZE Co, Iraq | Step-Down Subsidiary |
28 | Redington Qatar WLL, Qatar | Step-Down Subsidiary |
29 | Redington Qatar Distribution WLL, Qatar | Step-Down Subsidiary |
30 | Redington Kazakhstan LLP, Kazakhstan | Step-Down Subsidiary |
31 | Redington Tanzania Limited, Tanzania | Step-Down Subsidiary |
32 | Redington Morocco Ltd, Morocco | Step-Down Subsidiary |
33 | Redington Angola Ltd., Angola | Step-Down Subsidiary |
34 | Redington Senegal Limited SARL, Senegal | Step-Down Subsidiary |
35 | Redington Saudi Arabia Distribution Company, Saudi Arabia | Step-Down Subsidiary |
Redington South Africa Distribution (PTY) Ltd, South Africa | Step-Down Subsidiary | |
36 | (formerly Ensure Technical Services (PTY) Ltd) | |
37 | PayNet Odeme Hizmetleri AS, Turkey | Step-Down Subsidiary |
38 | CDW International Trading FZCO, Dubai, UAE | Step-Down Subsidiary |
39 | RNDC Alliance West Africa Limited, Nigeria | Step-Down Subsidiary |
Redington Turkey Teknoloji AS, Turkey (formerly known as | Step-Down Subsidiary | |
40 | Linkplus Bilgisayar Sistemleri Sanayi ve Ticaret AS) | |
41 | ProConnect Saudi LLC, Saudi Arabia | Step-Down Subsidiary |
42 | Redington Distribution Company, Egypt | Step-Down Subsidiary |
43 | Ensure Middle East Technology Solutions LLC, UAE | Step-Down Subsidiary |
44 | Citrus Consulting Services FZ LLC, Dubai, UAE | Step-Down Subsidiary |
Arena Mobile Iletisim Hizmetleri Ve Tuketici Elektronigi Sanayi | Step-Down Subsidiary | |
45 | Ve Ticaret AS, Turkey | |
46 | Online Elektronik Ticaret Hizmetleri AS, Turkey | Step-Down Subsidiary |
47 | Paynet (Kibris) Odeme Hizmetleri Limited, Cyprus | Step-Down Subsidiary |
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Redington (India) Limited published this content on 05 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 September 2022 11:59:03 UTC.
