..

,
Athena
Global Technologies

Dated 10th February , 2017

To
The BSE LIMITED
Phiroze Jejeebhoy Towers ,
28th Floor, Dalal Street,
Mumbai

Dear Sir,

Sub: Outcome of the Board Meeting

Ref: Scrip Code 517429

In Just concluded Board Meeting , the Board of directors has passed the following

1. Un-audited financial results for the third quarter ended 31 st December, 2016 copy
enclosed as ANNEXURE-1

2. Limited Review Report for the quarter ended 31 st December, 2016 is enclosed as
ANNEXURE-2

3. Allotment of 5,10,000 Equity shares on conversion of 510000 Share warrants to

M Satyendra

This is for your information and records .

Thanking you,

M Satyen ra
Managing Director

Athena Global Technologies Ltd

( formerly known as VJIL Consulting Ltd)
CIN ' L74140TG1992PLC014182
Regd.Off: NCC Building, 3rd Floor, Western Wing, Madhapur, Hyderabad-500081. INDIA
Ph+ (91) 40 23119633 Fax+ {91) 40 23119614 www.athenaglobaltechnologies.com E-mail: info@athenaglobaltechnologies.com
 ~
Athena Global Technologies
ATHENA GLOBAL TECHNOLOGIES LIMITED
(Formerly known as V)!L CONSULTING LIMITED)

UnAUDITED STAND-ALONE FINANCIAL RESULTS FOR QUARTER ENDED 31st December, 2016
(Rs.in Lakhs)
Q)Ianer Ended 9 Months Ended Year Ended
S.No. Paniculars
31.12.2016 30.09.2016 31.12.2015 31.12.2016 31.12.20 15 31.03.2016
Un audited Unaudited Unaudited Unaudited Unaudited Audited
1 Income from Operation
a) Revenue from Operations 333.18 240.43 227.32 815.52 640.21 850.98
b) Other Operating Income -

Total Income from operations (net) 333.18 240.43 227.32 815.52 640.21 850.98
2 Expenses
a. Employee benefits expense 101.37 106.64 94.77 298.48 264.14 371.68
b. Depreciation 6.78 6.75 2.21 20.26 9.02 12.66
c. Other Expenses 217.28 102.97 125.1 4 442.20 . 341.91 552.20
Total Expenses 325.43 216.36 222.12 760. 94 615 .07 936.54
Profit I (Loss) from Operations before other
3 income, finan ace costs and exceptional items (1 - 7.74 24.07 5.21 54.57 25.14 (85.56)
2)
4 Other Income - - - - 114.50

Profit I (Loss) from ordinary activities before

5 7.74 24.07 5.21 54.57 25.14 28.94
finance costs and exceptional Items (3 4)

6 Finance Costs 4.36 2.25 - 8.47 0.79

Profit I (Loss) from ordinary activities after

7 3.38 21.82 5.21 46.10 25.14 28.15
finance costs but before exception al Items (5 6)

8 Exceptional1tems - Expendirure I (Income) 379.75 - - 855.05

Profit I (Loss) from Ordinary Activities before tax
9 3.38 (357.93) 5.21 46.10 25.14 (826.90)
(7 8)
10 Tax Expense (Deferred Tax Income ) - 5.99
Net Profit I (Loss) from Ordinary Activities after
11 3.38 (357.93) 5.21 46.10 25.14 (820.91)
tax_(9 10)
12 Extraordinary items (Net of Tax expense Rs. Nil) -
13 Net Profit I (Loss) for the period (11 12) 3.38 (357.93) 5.21 46.1 0 25.14 (820.91)
14 Share of profit I (loss) of associates' - - -

15 Minority interest - - -
Net Profit I (Loss) after taxes, minority interest
and share of profit I (loss) of associates (13 + 14 +
16 15) . 3.38 (357.93) 5.21 46.1 0 25.14 (820.91)
17 Paid-up equity share capital (of Rs.10 each) 985.86 985.86 885.86 985.86 885.86 955.86
Reserve excluding Revaluation Reserves as per
18 balance sheet of previous accounting year (2,004.07)

Earnings per share (before extraordinary items) (of

19 (i) ' Rs.1 01- each)

Basic 0.03 0.22 0.06 0.47 0.30 0.41

Diluted 0.03 0.22 0.06 0.46 0.30 0.40

Earnings per share (after extraordinary items) (of'

Rs.!OI- each)
19(ii)
Basic 0.03 (3.65) 0.47 - (9.81)
Diluted 0.03 (3.65) - 0.46 - (9 67)

For ATHENA 'OBAL TECHWOLOGIES LIMITED

Athena Global Technologies Ltd

( formerly known as VJ1L Consulting Ltd)
C1N ' L74140TG1992PLC014182
Regd.Off' NCC Building, 3rd Floor, Western Wing, Madhapur, Hyderabad-500081. INDIA
Ph+ (91) 40 23119633 Fax+ (91) 40 23119614 www.athenaglobaltechnologies.com E-mail= info@athenaglobaltechnologies.com
 Athena Global Technologies Limited

Notes :
!.There is only one reportable business segment-software consulting & development.
Export sales
Domestic sales
2. The above Financial Results were reviewed and recommended by the Audit Committee and taken on record by r)le Board of Directors at its meeting
held on lOth February 2017.
3.Qualification by the Auditors:
The company has not provided interest in respect of outstanding long term borrowing ofRs.123.55 Lakhs as on 31st December 2016.
Management Reply:
The management is in the discussion with the parties of the unsecured loans for reduction I waiver of interest in respect of the above referred amount.
The impact on the accounts is not ascertained.
4. Exceptional items :
(ii) During Quarter ended September,2016 the company undertook a review of the recoverability of the carrying amount of computer software
inventory. Upon evaluation and identifying that some of the inventory were not yielding revenues due to outdated Technology and on account of
improvements in technology, the company has written off Rs.379.75 lakhs as not saleable.

Place: Hyderabad. M.Satyendra

Date: 10-02-2017. Chairman & Managing Director
 M. ANAND AM & CO.,
CHARTERED ACCOUNTANTS

INDEPENDENT AUDITORS' REVIEW REPORT ON REVIEW OF INTERIM FINANCIAL RESULTS

To
The Board of Directors of Athena Global Technologies Limited (Formerly known as VJIL Consulting Limited)

We have reviewed the accompanying Statement of Standalone Unaudited Financia l Results of Athena Global

Technologies Limited (Formerly known as VJIL Consulting Limi ted) (the company) for the Quarter and nine

months ended 31" December, 2016. 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

statements based on our review.

1. 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 an analytical

procedure 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.

2. As Per Note 4 of the statement no interest has been provided in respect of outstanding long term
5
borrowing of Rs.123.551akhs as at 31 ' December, 2016 and the impact on accounts is not

ascertainable.

3. Based on our review conducted as above, except for the effect if any of the matters stated in

paragraph 2 of the statement, nothing has come to our attention that causes us to believe that the

accompanying statement of unaudited financial results prepared in accordance with applicable

accounting sta ndards 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, read with Circular No. CIR/CFD/CMD/15/2015 dated 3o'"

November, 2015 and SEBI Circular No. CIR/CFD/FAC/62/2016 dated 5'h July, 2016, including the

manner in which it is to be disclosed, or that it contains any material misstatement.

ForM. Anandam& Co.,

Chartered Accountants
Firm Registration No: 0001255 . .- .,1 ;~~.:::,

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Place : Hyderabad Partner ' ':
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Date :lOth February, 2016 M.No . 022790. . " ......_...-', ,'f'/
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7 'A' SURYATOWERS. SARDARPATEL ROAD. Sl~:CLINDERABAD-500 003.

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