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moons technologies limitedMain BoardEquity2024-04-012025-03-312025-05-202025-05-13INRLakhsQuarterlyFourth quarterMulti segment2025-05-2017:00:002025-05-2018:45:00trueCash Flow IndirectStatement on impact of audit qualification2025-01-012025-03-31AuditedConsolidated136367000615332000751699000000302033000243900068994000452798000826264000-74565000234971000160406000631500032866000391810000121225000-22522000-6557000-159650004695000109955000601400011596900084701000-1423000009215700022.392.39002.392.390002024-04-012025-03-31AuditedConsolidated468204000189270500023609090000001200970000668800029226200016495200003149440000-788531000234971000-553560000-337710004257000087990000-5623590001094460003187100077575000153080000-331704000511000-331193000-3311930001410050000092157000234051197000-7.2-7.200-7.2-7.2000Legal and professional charges269712000Other expenses183086000Legal and professional charges907929000Other expenses741591000210759600009818560000406887000000381042100000430178300081122040004521220007779240001283858900001589052000296580006500180001860251100087440001971869000228518520002576770008349960002394452500023030003678541700092157000340511970003414335400021224100034355595000000038735000387350001528520001913300001550000212270000010202000109142000119344000147299800015923420005832470003740700080000221300400045480000242982200036785417000Software services / Solutions119191000Others20010000Eliminations0Profit / (loss) before tax of discontinued operationsoperations0Software services / Solutions405090000Others71023000Eliminations0Profit / (loss) before tax of discontinued operationsoperations013920100047611300028340007909000136367000468204000Software services / Solutions-200975000Others-154801000Eliminations7879000Profit / (loss) before tax of discontinued operationsoperations-22521000Software services / Solutions-755601000Others-724183000Eliminations25958000Profit / (loss) before tax of discontinued operationsoperations109446000-370418000-134438000024390006688000-510742000-906953000137885000-444115000Software services / Solutions0Others0Eliminations0Profit / (loss) before tax of discontinued operationsoperations0000Software services / Solutions0Others0Eliminations0Profit / (loss) before tax of discontinued operationsoperations0000a Segments have been identified in accordance with the Ind AS 17 Segment Reporting considering the organization structure and the return or risk profiles of the business b Software services or Solutions segment represents an integrated mix of various products, projects and activities incidental thereto. Other segment represents trading, process management, risk consultancy activities, Cyber Securities Solutions, Shared Business Support Services, IT Infrastructure Sharing and NBFC related activities c Due to diversified nature of business, significant assets are interchangeably used between segments and the management believes that it is currently not practicable to provide segment disclosure relating to capital employed since a meaningful segregation is not possible5626000018502500000011920550000012761800000032295900028048000-1095630000000000-2410500000-142702600010944600022320000195370000-358190000-83970000-1427339000-3660980000-142782800000000000011272300000000000000145557600021159640000000839700012672400000-980000000-47747400016870530000000000004002600000001647027000-2582750000-258275000958498000700223000Remeasurement of the net defined benefit liability/asset-2633000-2633000Remeasurement of the net defined benefit liability/asset373000373000-8647000-138000006014000511000AuditedQualified opinionChaturvedi Sohan & Cotrue2027-08-313269265000326926500039483500003948350000-331704000-331704000-7.2-7.23678541700036785417000242982200024298220003412859400034128594000Exceptional itemsExceptional items2349710002349710003. As stated by the Management of the Holding Company in Note 8 (a) to the Statement, Civil Suits have been filed against the Holding Company in relation to event occurred on National Spot Exchange Limited trading platform. These matters are pending at various stages of adjudication. As stated in the said note, the management of the Company does not foresee that the parties who have filed Civil Suits would be able to sustain any claim against the Holding Company. In addition, as stated by the management in Note 8 (b, c, d, e) to the Statement, First Information Reports (FIR)/ complaints/ charge-sheets/ orders/ notices registered/ received against various parties including the Company from/ with the Economic Offences Wing of the Mumbai Police (EOW), Central Bureau of Investigation (CBI), Home Department - Government of Maharashtra under MPID Act, the Directorate of Enforcement, and the Serious Fraud Investigation Office (SFI0). Above matters are pending at various stages of adjudication/investigation <br></br> <br></br> In this regard, the Management and those charged with Governance have represented to us that other than as stated in the said notes to the Statement, there are no claims, litigations which require adjustments to / disclosures in the Statement. <br></br> <br></br> Accordingly, in view of above representations regarding legal matters at various stages of adjudication and ongoing investigations/ matters, the outcome of which is not known and is uncertain at this stage, we are unable to comment on the consequential impact in respect of the same on the results for the quarter and year ended 31 March 2025. <br></br> Qualified opinionRepetitiveNAQuantification in not possiblea Post July 2013, civil suits have been filed against the Company in relation to the counter party payment default occurred on the exchange platform of NSEL, wherein the Company has been made a party. In these proceedings certain reliefs have been claimed against the Company, inter-alia, on the ground that the Company is the holding company of NSEL. These matters are pending before the Honble Bombay High Court for adjudication. The Company has denied all the claims and contentions in its reply. There is no privity of contract between the Company and the Plaintiffs therein. The management is of the view that the parties who have filed the Civil Suits would not be able to sustain any claim against the Company. These matters are pending for hearing before the Honble Bombay High Court. <br></br> <br></br> b First Information Reports (FIRs) have been registered against various parties, including the Company, with the Economic Offences Wing, Mumbai (EOW) and Central Bureau of Investigation (CBI) in connection with the counter party payment default on NSEL platform. After investigation, EOW, Mumbai has presently filed various charge-sheets in the matter including against the Company. CBI has filed charge-sheets including against the Company for alleged loss caused to PEC Ltd. & MMTC Ltd on NSEL platform and aforesaid cases are pending for trial before Court. <br></br> <br></br> c The SFIO has filed complaint with the Honble Sessions Court under various sections of IPC and Companies Act against several persons/entities including the Company relating to NSEL payment default. The Company has challenged the issuance of process order before the Honble Bombay High Court and the proceedings in the matter has been stayed by the Honble High Court. The matter is pending for hearing before Honble Bombay High Court. <br></br> <br></br> d State Government attached various assets of the Company under MPID Act by issuing Gazette Notifications. The Company is in process of pursuing its remedy before Honble MPID Court against said Notifications. <br></br> <br></br> In the light of the above ongoing investigations and matters, the outcome of which is not known and is uncertain at this stage, we are unable to quantify the impact. <br></br> <br></br> <br></br> <br></br> e) The Enforcement Directorate(ED) has attached certain assets of the Company under the provisions of the Prevention of Money Laundering Act, 2002(PMLA). The Honble Appellate Tribunal quashed the provisional attachment orders and imposed conditions with regard to the Company. The Company has filed the appeal before the Honble Bombay High Court for the limited purpose for challenging the conditions put by the Honble Appellate Tribunal. The Honble Court was pleased to admit the appeal. ED has also filed cross appeal, which is tagged with the Companys appeal. The matters are pending for hearing. Meanwhile, ED filed a prosecution complaint before the Spl. PMLA Court, Mumbai against the Company and the same is pending for trial. <br></br> <br></br> In the light of the above ongoing investigations and matters, the outcome of which is not known and is uncertain at this stage, we are unable to quantify the impact. <br></br> Quantification in not possibleWe reproduce hereunder the Basis for Qualified Opinion issued by the independent auditor(s) of a subsidiary viz. National Spot Exchange Limited (NSE') vide their audit report on the consolidated Ind AS financial statement of NSEL, to the extent the same are found significant as per the Guidance issued by the Institute of Chartered Accountants of India, from time to time and which also forms the basis for qualified opinion in our audit report on the accompanying Statement of the Group. <br></br> (a) As stated in note nos. 39,40,41 and 44 to the Consolidated Financial Statement, the Group has been served with notices/ letters/ summons from various statutory authorities/ regulators/ Government departments and some purported aggrieved parties. The Group is party to many proceedings filed by / or against the Group which are pending before different forum pertaining to the period prior to suspension of the exchange related operations from 31st July 2013. The management of the Group does not foresee that the parties who have filed Civil Suits against the Group will be able to sustain any claim against the Group. <br></br> <br></br> There are some writ petitions, public interest litigations, civil suits including in representative capacity filed by and against the Group. Such matters against the Group are sub-judice before different forums. The Group may be exposed to civil/criminal liabilities in case of any adverse outcome of these investigations/enquiries or legal cases or any other investigations as referred above enquires or suits which may arise at a later date. <br></br> <br></br> In the light of the above, the outcome of which is not presently known and is uncertain at this stage, hence we are not able to comment on the current or consequential impact if any, in respect of the same on these Consolidated Financial Statements. Also, the matters stated above could also have a consequential impact on the measurement and disclosure of information provided, but not limited to, Balance Sheet, Statement of profit/(loss) account, cash flow statement, statement of change in equity (SOCIE) and earnings per share (EPS) for the year ended and as at 31st March, 2025 in these Consolidated Financial Statements. <br></br> <br></br> <br></br> (b) The trade receivables, other receivables are subject to confirmation and reconciliation. The management, however, does not expect any material changes on account of such reconciliation/ confirmation from parties. In many cases legal notices have been sent to the parties in earlier years; however, we are unable to form any opinion on the recoverability of the outstanding balances of such parties. <br></br> <br></br> Qualified opinionRepetitiveNAQuantification in not possible1. For qualification referred in Sr. No. A 1 (a) above, <br></br> <br></br> i) a) Post July-2013, civil suits have been filed against the Company in relation to the counter party payment default occurred on the exchange platform of NSEL, wherein the Company has been made a party. In these proceedings certain reliefs have been claimed against the Company, inter-alia, on the ground that the Company is the holding company of NSEL. These matters are pending before the Honble Bombay High Court for adjudication. The Company has denied all the claims and contentions in its reply. There is no privity of contract between the Company and the Plaintiffs therein. The management is of the view that the parties who have filed the Civil Suits would not be able to sustain any claim against the Company. These matters are pending for hearing before the Honble Bombay High Court. <br></br> <br></br> b) First Information Reports (FIRs) have been registered against various parties, including the Company, with the Economic Offences Wing, Mumbai (EOW) and Central Bureau of Investigation (CBI) in connection with the counter party payment default on NSEL platform. After investigation, EOW, Mumbai has presently filed various charge-sheets in the matter including against the Company. CBI has filed charge-sheets including against the Company for alleged loss caused to PEC Ltd. & MMTC Ltd on NSEL platform and aforesaid cases are pending for trial before Court. <br></br> <br></br> c) The SFIO has filed complaint with the Honble Sessions Court under various sections of IPC and Companies Act against several persons/entities including the Company relating to NSEL payment default. The Company has challenged the issuance of process order before the Honble Bombay High Court and the proceedings in the matter has been stayed by the Honble High Court. The matter is pending for hearing before Honble Bombay High Court. <br></br> <br></br> d) State Government attached various assets of the Company under MPID Act by issuing Gazette Notifications. The Company is in process of pursuing its remedy before Honble MPID Court against said Notifications. <br></br> <br></br> e The Enforcement Directorate(ED) has attached certain assets of the Company under the provisions of the Prevention of Money Laundering Act, 2002(PMLA). The Honble Appellate Tribunal quashed the provisional attachment orders and imposed conditions with regard to the Company. The Company has filed the appeal before the Honble Bombay High Court for the limited purpose for challenging the conditions put by the Honble Appellate Tribunal. The Honble Court was pleased to admit the appeal. ED has also filed cross appeal, which is tagged with the Companys appeal. The matters are pending for hearing. Meanwhile, ED filed a prosecution complaint before the Spl. PMLA Court, Mumbai against the Company and the same is pending for trial. <br></br> <br></br> In the light of the above ongoing investigations and matters, the outcome of which is not known and is uncertain at this stage, we are unable to quantify the impact. <br></br> <br></br> 2. For qualification referred in Sr. No. A 2a above, <br></br> <br></br> The Company is taking all steps to defend its position, however since all matters are sub-judice, the Company is unable to quantify the impact, if any, of such legal proceedings on the financial statements of the Company. There are no claims/litigations/potential settlements involving the Company directly or indirectly, which may require adjustments in the Consolidated Ind AS Financial Statements. <br></br> <br></br> 3. For qualification referred in Sr. No. A 2 b above: <br></br> <br></br> Majority value of the trade and other receivables etc. are under litigation/subject to court orders. Company has already made provision for majority of the values or disclosed the reason for non-provisioning. Company is making full efforts for recovery of the amounts. <br></br> Quantification in not possibleRajendran SoundaramDevendra AgrawalKanekal ChandrasekharVivekanand ChaturvediHariraj Chouhan Company SecretaryMumbai2025-05-20