@: Panne International Securities Ltd. (Member : NSE, BSE, MSEI, DP-CDSL)

Investing in Trust CIN:1.74899DL199SPLC065153

14% November, 2019

To,

The General Manager Corporate Relations Department

BSE Limited Phiroze Jeejeebhoy Towers

Dalal Street

Mumbai- 400 001 Scrip Code: 537092

Sub: - Outcome of the Board Meeting

Dear Sir,

Pursuant to Regulation 30 read with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended from to time (the “LODR Regulations”), the Board of

Directors of the Company (hereinafter referred to as the “Board”) at its meeting held today i.e. 14" November, 2019, inter alia, considered and approved the Standalone and Consolidated Un-Audited Financial Results of the Company for the quarter and half year ended 30 September, 2019, reviewed and recommended by the Audit Committee along with the Limited Review Report of the Auditors of the Company (LRR) pursuant to Regulation 33 of the LODR Regulations.

A copy of the said Results along with LRR is enclosed herewith.

The said meeting of the Board commenced at 04:33 p.m. and concluded at 05:08 p.m.

The above business is also being made available on the website of the Company at www.modexindia.com

You are kindly requested to take the same on record.

Thank you.

For Modex International Securities Limited

a Pavan Sachdeva Whole-Time Director DIN: 00257402

Encl: As above

Head Office : ee RO ls

Pee Rc anil Call at : 011-47451800 (100 Lines) | 23/26, Ilird Floor, East Patel Nagar,

cena en poate Gandhi Marg) ROME MLM WN CCC Ua Col eli aoe

Dermers ae

rll ee OMe eea LIOR COR a)

ic) ee east

Registered Office : 507, Padma Tower-ll, 22, Rajendra Place, New Delhi-110008 + Call at :011-47451014-17

E-mail cee * Website : www.modexindia.com

Wwonex International Securities Ltd. 3 (Member : NSE, BSE, MSEI, DP-CDSL)

Investing in Trust CIN:L74899DL1995PLC065153

(In aks) Sr. | Particulars ‘3Months ended | Preceding | Corresponding 3/6 Months ended|6 Months ended] Year to date

No. 30-09-2019 (Un-|Months ended| Months ended in| 30-09-2019 | 30-09-2018 | figures for Audited) | 30-06-2019 | the previous | (Un-Audited) | (Un-Audited) | previous year

(Un-Audited) | year 30-09-2018. ended 31 (Un-Audited) 03-2019

(audited) T_| Revenue from Operations 430.15] 44400] 461.49) wis 305887 2241.49)

U_ | Other income 48.11 63.95} 56.14) 112.06 1197 240.67 ut ‘Total Income (FM) 478.26) 507.95) 517.63 986.21 1214.58 2,482.16] W | Expenses

(2) Gost of Materials Consumed () Purchase of Stock-in-Trade {6 Changes in inventories of Finished goods, Work-in-Progess and

Stock-in-Trade (4) Employee benefit Expense a7 12551] 117.76 2aa22 22440] 47238

{e) Interest & Financial Charges 75.74] 74.82] Ba12 15056 146 14) 371.02) (0 Depreciation and amortization expenses 17.98] 20.21] 3252 38.19) 5815 121.36 (e) Other Expenses:

Brokerage Paid 75.04] 46.87] a7) Tzai| 140.43} 22803 ‘Administration Expenses 19840 186.81} 731.30 385.21 489.02 970.05

Security Transaction Tax 7.35| 22.40) 23.10 29.75] 108.41] 170.69) ‘Total Expenses (IV) 493.22 976.62 535.94 969.84 1,163.55 2,333.53

V_| Profit before exceptional, extraordinary items and tax (IN 1V)| (14.96) 3133, (1831) 16.37 31.03, 148.63

Vi_| Exceptional items Vit_| Share of profit/(loss) of associate and joint ventures Viil| Profitbefore tax (V-VI) (04.58) wa (837) 16.37 51.03 186s IX | Tax Expens

(a) Current tax expense for current year ais (b) Deferred Tax (2643)

X_ | Profit/(Loss) for the period fram continulng operations (Vil vit) (14.96) 31.33, (18.31) 16.37 51.03, 127.91

1i_| Profit/[Loss) from discontinuing operations Xil_| Tax expense of discontinued operations ‘it | Tax expense af discontinued aperations XIV | Profit/(Loss) from discontinued operations (after tax) (XI)

XV_| Profit/{Loss) for the period (D+XiT) (14.96)| 31.33 (7831)| 1637, 51.03, 127.91 XVI [OTHER COMPREMENSIVE INCOME

Items that will ot be reclassified subsequently to Statement of profit and loss [a) Gain/(loss) on Equity Instruments at fair value through other (055)|

Jcomprehensive income Re-measurement gains) (losses) on defined benefit plans [(@) Income tax on Items that will not be reclassified subsequently fo statement of proft and loss Items that will be reclassified subsequently to statement of profit and loss (2) Gain/(loss) on Equlty Instruments at fair value through ether comprehensive income Re-measurementgains/ losses) on defined bent plans

[(@) Income tax on lems that will be reclassified subsequently to statement of profit and loss Total Comprehensive Income for the period (XIMI+XIV) cs = - - (059) [Comprising Profit/(Loss) and Other Comprehensive Income for the period)

Wil | Profit for the year afer comprehensive income: 495)| 3135 (CER 1637, S03, EFIETS XIX |Profit/(loss) attributable to

a) Owners of the Company [b) Non- Controlling Interest

1 [Other comprehensive income attributable to: fa) Owners of the Company [b) Non-Controlling Interest

Wi

XXT | Total comprehensive income atiibutable 2) Owners ofthe Company 'b)Non-Controling Interest Total comprehensive income

1XKii |Paid-up equity share capital (Face value of Rs. 10/- per share) ae oT Bite ry Was: oT

“RIM [Reserves Le. Other equi (29.09) 757.68 (270) 766.20 60977 T7658 “XXIV ] Earning per equity share (for continuing operations)

a) Basie (in Rs) (025) O52 (0.33) 027, 085, 22 ») Diluted (in Rs)

XV] Earning per equity share (for discontinued operations) a) Basie (in Rs) ») ifuted (in Rs) “Earning per equity share (for continuing & discontinued operations): a) Basie (in Rs) (25) 052, (031) 027, 085, 22 b) Diluted in Re)

Ta

Cee

Call at : 011-47451800 (100 Lines) | 23/26, llird Floor, East Patel Nagar, Fax : 011-47451866/77 | Near Mother Dairy, New Delhi-110008

Head Office : BU e MEST ccUM Lule) Pa ace nt ker urn Ucn New Delhi-110001

Dr) een eal een len eel)

cy ee ea) Cer cites Ae ne MLC an ase aA SS a

E-mail mode? com. Website : www.modexindia.com

CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES FOR HALF YEAR ENDED 30-09-2019

(in Jaks) Particulars [As at current half[As at previous

yearended | year ended 30-09-2019 | 31-03-2019

‘UN-AUDITED_| AUDITED ASSETS (1) Non-current assets (@) Property plant and equipment 240.59 250.38 (©) Capital workein-progeess (e)tnvestmen: Property 1729] 17.20) (2) Goodwit (6) Other intangible assets (@ tntangbieasets under development (@) Financial assets

(i) Investments 245 245 {@) Long-term loans and advances (i) Other financial assets 250.84 249.55

() Deferred taxassets 73:10 730 (other Non-current assets

Total non-current assets Seate nee

(2) Current assets (@) foventories 1065.89 | 1,421.48 (©) Financialassets ag23se | 1,782.25 (Chtovestments (1) Trade receivables 426348 | 2306.18 (6) Cash and cash equivalents 21107 | — 4196.22 (loans : 0.05 (@) Short term loans and advances (0) Other current assets 216.19 263.09

Total current assets 98021 | 9969.27

Total Assets 10,564.39 | 10,561.95

EQUITY AND LIABILITIES Equity

(e) Equity Share Capital 600.00 600.00 (0) other Equity 768.21 77659 (Q\Non-controlling interest 328.79 12830

Total Equity 7497.00 | 1,504.89

aBiLiTiEs (1) Non-currentliabtities (@) Financia liabilities

(©) Borrowings 513.70 545.34 {8 Other financial abies

(0) Provisions s9az saaz (Deferred tx abilities (Net) (W) Other nonsurrenthabiites 356.65

“otal now current liabilities 329.77 a6

(2) Currentiabiities {@) Financial abilities

(Borrowings 70:74 6034 (0) Trade payables

‘Total dues of micro enterprises and small enterprises “otal dues other than micro enterprises and small enterpses 1,670.04 | 2,097.80

(ii) Other financial abilities seai3r| 5,713.14 (0) Provisions 2467 4715 (6 Current Tax Lisbtities (Net) {@) other current liabilities 550.86 533.87

Total current liabilities 137.62 | __ 8452.30

“Total Equity and Liabilities 70,564.39 | 10,561.95

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Poe International Securities Ltd. (Member : NSE, BSE, MSEI, DP-CDSL)

Investing in Trust CIN:L74899DL1995PLC065153

(‘In Lakhs) For the halfyear ended | For the half year ended 30th September, 2019 30th September, 2018

A. Cash Flow from Operating Activities PROFIT BEFORE TAX TEA S103 ADJUSTMENTS FOR: Depreciation and Amortisation expense 38.20 58.15 Finance Costs 150,56 146.14

Interest Income on FDR (105.32) (111.77)

Profit on Sale of PPE

Unrealised Gains

Rent Income (674) (673) Loss on Reclassification of Debtors

Loss on Valuation of Inventories

Bad Debts W/o 2.84 12.41

Loss on Sale of PPE 0.04 79.58 0.30 98.50

OPERATING PROFIT BEFORE WORKING CAPITAL 95.94 149.53

ADJUSTMENTS FOR:

Trade Receivables (1,960.14) (2,666.93)

Inventory 331.33 207.75,

Other Current Assets 46.90 (47.15)

Other Financial Assets (41.33) 170.82

‘Trade Payables (427.75) (2,610.18)

Short Term Provisions (22.47) (12.17)

Other Non-Current Assets

Other financial liabilities 108.17 3,497.13

Other Current Liabilities 16.99 152.35

Other Non Current Liabilities 356.64 (1,591.66) (1,308.38)

CASH GENERATED FROM OPERATIONS (1,495.72) (4,158.85

Income Tax paid NET CASH FROM OPERATING ACTIVITIES (1,495.72) (1,158.85) |

'B. Cash Flow from Investing Activities

Proceeds from Sale of Investment Property (17.20) Purchase of PPE and capital expenditure on PPE (30.84) (91.23)

Proceeds From Sale of PPE 2.40 3.00

Rent Income 6.74 6.73

Interest Income 105.32 11177

Loans provided to other entities 0,05

Purchase of financial assets (Investments)

Proceeds from security deposits (1.29) 82.38 25.50 38.57

NET CASH USED IN INVESTING ACTIVITIES 82.38 38.57

C. Cash Flow from Financing Activities

Finance Costs (150.56) (146.14) Proceeds From Long Term Borrowings (31.63) 135.44 Proceeds From Short term Borrowings 10.39 (171.80) (48.49) (59:19) NET CASH USED IN FINANCING ACTIVITIES (171.80) (59.19)

NET INCREASE / (DECREASE) IN CASH AND CASH (1,585.14) (1,179.47)

OPENING CASH AND CASH EQUIVALENTS 4,196.21 4,570.73

CLOSING CASH AND CASH EQUIVALENTS 2,611.07 3,391.26

Note:

CASH AND CASH EQUIVALENTS:

Cash and cash equivalents as above 2,611.07 3,391.26

Unrealised gain/(loss) on foreign currency cash and Cash credit facilities

Total Cash and cash equivalents 2,611.07 3,391.26

CT Rees 1003-1004, Surya Kiran Building Rina ance ke- it MRM cucn New Delhi-110001

Registered Office :507, Padma Tower-ll, 22, Rajendra arte mh

PrP UR LCore ere es) Fax : 011-47451866/77

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23/26, \llrd Floor, East Patel Nagar,

Near Mother Dairy, New Delhi-110008

Se)¢)0) see 1S eee LIL

ele area ease On Cen ea)

Fax : 011-47210355

E-mai Ren eae * Website : www.modexindia.com

et Rete

Notes:

41) The above Un-Audited Consolidated Financial Results have been reviewed and recommended by the Audit Committee and thereafter approved and taken on record by the Board of Directors in thelr respective meetings held on 14th November, 2029. These Un-Audited Consolidated Financial Results have been prepared in accordance with the Indian Accounting Standards ("ind-AS") as specified under ‘Section 133 of the Companies Ac, 2013 read with relevant rules issued thereunder. 2)"The Statutory Auditors of the Company have conducted a limited review of the above results ofthe Company for the quarter and half year ended 30th September, 2019. 43) Previous period's figures have been regrouped/reclasified wherever necessary to confirm with the current period's classification disclosure, '4) The results forthe quarter and half year ended 40th September, 2019 are available onthe Company's website at wwww.mnodexindia,com and also on the website ofthe BSE Limited at woew.bseindiacom, where the shares ofthe Company are liste.

For and on behalf of the Board of Directors of ‘Modex International Securities Limited

Pavan Sachdeva Place: New Dethi Whole-Time Director

14th November, 2019 DIN: 00257402

Corporate Office :

ee? Kiran Building rE Paral cea eee at

irba Gandhi Marg, eee:

Office

:

0 ,

end a Place,

Ne

eee

B.Sc., FCA CHARTEREDACCOUNTANTS Partner

210, M.J. Shopping Centre, 3, Veer Savarkar Block, Shakarpur, Delhi-110 092, Off.: 011-46527566 Mob.: 09312242612, E-mail: arun1513@yahoo.com

CA ARUN KUMAR Ox PRAKASH & SANTOSH

Limited Review Report on Consolidated Unaudited Quarterly Financial Results and Year to Date Results of

the Company under Regulation 33 of The SEBI (Listing Obligations And Disclosure Requirements) Regulations,

2015( as amended

The Board Directors

Modex International Securities Limited

507, Padma Tower-II ,

22, Rajendra Place, New Delhi-110008

1. We have reviewed the accompanying statement of unaudited consolidated financial results of

Modex International Securities Limited (“The Parent”) and its subsidiary and assosiate (the parent and st

subsidiary and assosiate together referred to as “Group”) for the quarter ended 30" September. 20| Yand

the consolidated year to date results for the period 01 April.2019 to 30 September.2019 which are

included in the accompanying statement of unaudited consolidated financial results for the quarter ended

30" September 2019*(the “Statement”). The Statement has been prepared by the company pursuant to

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

“Listing Regulations, 2015”), which has been initialed by us for identification purposes.

2. The 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 Indian Accounting Standard 34 “Interim Financial reporting” (“Ind AS 34”) prescribed under

Section 133 of the Companies Act, 2013 and the accounting principles generally accepted in India. Our

responsibility is to express a conclusion on the statement based on our review.

3. 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. A review of interim financial information consists of making

inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical

and other review conducted in accordance with Standards on Auditing 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 cirular issued by the SEBI under

Regulation 33 (8) of the Listing Regulations, to the extent applicable.

4. The Statement includes the results of following entities.

a. Modex Commodity Trades Private Limited

b. Modex International Securities (IFSC) Private Limited

H.O. KANPUR | B.O. MORADABAD, SAMBHAL, ORAI

Attention is drawn to the fact that the figures for the quarter ended 30 September, 2019 as reported in the

Statement are balancing figures between unaudited figures in respect of the year to date financial results

and the published unaudited figures for the quarter ended 30 June,2019 had only been reviewed and not

subjected to audit.

We did not review the interim financial results of subsidiary and assosiate included in the consolidated

unaudited financial results, whose interim financial results reflect total revenues of Rs.1.7519 crores, total

net profit after tax of Rs. 0.0463 crores and total for the quarter ended 30" September 2019, as considered

in the consolidated unaudited financial results. These interim financial results have not been reviewed by

other auditors hence no audit 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 these subsidiary

and assosiate are based solely the amounts and disclosures included in respect of these subsidiary and

associate are based solely on financial results provided by the management to us.

Based on our review conducted as above, nothing has come to our attention that causes us to believe that

the Statement has not been prepared in all material respects in accordance with the Applicable

Accounting Standards prescribed under Section 133 of the Companies Act, 2013 and other recognized

Accounting practices and policies, and has not disclosed the information required to be disclosed in terms

of Regulation 33 of the Listing Regulations, 2015 including the manner in which it is to be disclosed, or

that it contains any material misstatement.

Our conclusion on the Statement is not modified in respect of the above matters.

For Prakash And Santosh (Chartered Accountants)

F.R.No. 000454C

G Arun Kumar (Partner) MNo. 087378

Place: Delhi Date: 14/11/2019 UDIN: 19087378AAAADW4768

iene International Securities Ltd. (Member : NSE, BSE, MSEL, DP-CDSL)

Investing in Trust CIN:L,74899DL1995PLC065153

(In takths) ‘Sr. | Particulars 3Months | Preceding3 |Corresponding3] 6 Months Months | Year todate

No. ended 30{ Monthsended |Months ended in] ended ended figures for 09-2019 (Un-| 30-06-2019 | theprevious | 30-09-2019 | 30-09-2018 | previous year

Audited) | (Un-Audited) |year 30-09-2018) (Un-Audited) | (Un-Audited) |ended — 31-

(Un-Audited) 03-2019 (Audited)

1_| Revenue from Operations 367.56 331.67] 424.00} 699.23} 368.02 1,875.41 UT Other Income 47.97 63.82 56.00 111.79 119.51 7239.71 UL ‘Total Income (F411) 415.53, 395.49) 480.00] B11.02| 1,087.53 2,114.82 W | Bxpenses

(a) Cost of Materials Consumed 5 = 5 5 (b) Purchase of Stock-in-Trade z = : : (€) Changes in Inventories of Finished goods, Work-in-Progess and

stock-in-Trade : ~ - - - (4) Employee benefit Expense i110 745 iia 22855; 20873} 445.82, (e) Interest & Financial Charges 77.95 72.49) 84.40 150.44] 146.08] 370.83, (f) Depreciation and amortization expenses 7.44 19.63; 30.27) 37.04] 55.15 118.35 (g) Other Expenses: 0.00

Brokerage Paid 73.26] 45.82 39.99 Tis 12863 20284] ‘Administration Expenses 125.47 108.94) 187.67 234.41 432.95; 755.70 Security Transaction Tax 7.34] 22.41 2341 29.75 108.41) 170.69

‘Total Expenses (IV) 412.55 386.74 476.57 799.29 1,079.95 2,064.23, v getbereenaniona and extraordinary items and tax (1 - 998 as ag at78 an 5059

Vi_| Exceptional items Vit | Profit before tax (V-VI) 298 875 343 i.73 758 50.59 vill] Tax Expenses

{a) Current tax expense for current year 2148 {b) Deferred Tax (26.27)|

1X | Profit/(Loss) for the period from continuing operations (VII- vit) 2.98 8.75 3.43 11.73, 758 55.38

X_| Profit/(Loss) from discontinuing operations X1_| Tax expense of discontinued operations XII | Tax expense of discontinued operations

X11 | Profit/(Loss) from discontinued operations (after tax) (X-X1) XII | Profit/(Loss) for the period (DXi) 298 8.75 343 i173 758 35.38

XIV [OTHER COMPREHENSIVE INCOME Rem that wll not berelassited subsequently to statement of profit and tos

(a) Gain/ (loss) on Equity Instruments at fair value through other

crapreaie lene . (0.58) Revmzasuremant gains (sss) on dened Genel plane (Gh Income tar on tems that wil tbe relssledsubsequenly To satement of pratt an oes tems that wll not be readied subsequently fo statement of profit and loss

can Qos SH TaaeNS nar valne ea OaT romprehensive income Revnasucerent gains] (une) onal eaagins

(i) Income tax on items that will be reclassified subsequently to statement of profit and loss

XV | Total Comprehensive Income for the period (XIII+XIV) [Comprising

Profit/{Loss) and Other Comprehensive Income for the period) (0.58)

XVI [Profit for the year alter comprehensive income 298 8.75 3.43 11.73 758 34.80 XVII [Paid up equity share capital (Face value of Rs. 10/- per share) 600.00 600.007 600.00 600.00 600.00. 600.00 XVIII] Reserves Le, Other equity (11.34) 707.74 187, 696.40 648.61 708.92 XVII | Earning per equity share (for continuing operations)

a) Basic (in Rs.) 0.05 0.5 0.06 0.20 oa3 oar

b) Dilute (in Rs) xviii] Earning per equity share (for discontinued operations):

a) Basic (in Rs) b) Diluted (in Rs)

Earning per equity share (for continuing & discontinued operations): a) Basic (in Rs.) 0.05 015 0106 020 013 Co

by Diluted (in Rs.)

xD

Head Office : Corporate Offic

1003-1004, Surya Kiran Building _ Call at : 011-47451800 (100 Lines) | 23/26, IlIrd Floor, East Patel Nagar, Pr Stee)

unmenanc ay kein Cy SRE Conia Wa Cia tae Re Le eal Deer Aaa

11-47451014-17

Ames ae Wao oie eel CTs Le Ica Toc a LL

‘mail :eubenee os com Website : www.modexindia.com

(in lakhs)

Particulars ‘Asat current | Asat previous halfyear | yearended

ended 30) 31-03-2019 09-2019

UN-AUDITED | AUDITED ASSETS (2) Non-current assets

(a) Property, plant and equipment 234.75 243.83 (b) Capital work-in-progress (€) Investment Property 17.20 17.20 (4) Goodwin (e) Other intangible assets (8 Intangible assets under development (g) Financial assets

(0 Investments 232.45 232.45 (i) Long-term loans and advances (ii) Other financial assets

(h) Deferred tax assets 71.35 71.35 (i) Other Non- current assets 111.63 112.84

(2) Currentassets {a) Inventories 88539 1,202.47 (b) Financial assets 867.93 1,245.97 {¢)Investiments (a) Trade receivables 4,094.51 2,208.24 {@) Cash and cash equivalents 2,564.51 4,139.40 (Loans 0.05 {(g) Short term loans and advances {h) Other current assets 208.73 256.56

fTotal Assets 9288.45 9730.36

EQUITY AND LIABILITIES Equity

(a) Equity Share Capital 600.00 600.00 (b) Other Equity 696.40 708.92

LIABILITIES (2) Non-current liabilities (a) Financial liabilities

(i) Borrowings 513.70 545.34 (ii) Other financial liablities

{(b) Provisions 59.42 5942 (©) Deferred tax liabilities (Net) {(@) Other non-current liabilities

(2) Current liabilities (a) Financial liabilities

(0 Borrowings 70.71 6031 (i) Trade payables

‘Total dues of micro enterprises and small enterprises ‘Total dues other than micro enterprises and small enterprises] 1,609.61 2,062.45

(i) Other financial liabilities 5,564.99 5,508.24 (©) Provisions 21.48 (©) Current Tax Liabilities (Net) (4) Other current liabilities 173.62 164.20

[Total Equity and Liabilities 9,288.45 9,730.36

Head Office : SUR eT eae] Call at Gandhi Marg

foe eae) eee AOL Lal

wonay oe \ S TNS

Pa SAE Oe

International Securities Ltd. (Member : NSE, BSE, MSEI, DP-CDSL) CIN:L74899DL1995PLC065153

(‘In Lakhs)

For the half year ended 30th September, 2019

For the half year ended 30th September, 2018

A. Cash Flow from Operating Activities

Notes:

1) The above Un-Audited Standalone Financial Results have been reviewed and recommended by the Audit Committee and thereafter approved and taken on record by the Board of Directors in theit respective meetings held on 14th November, 2019. These Un-Audited Standalone Financial Results have been prepared in accordance with the Indian Accounting Standards ("ind-AS") as specified under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder. 2) The Statutory Auditors of the Company have conducted a limited review of the above results of the Company for the quarter and half year ended 30th September, 2019.

43) Previous period's figures have been regrouped /reclasstied wherever necessary to confirm with the current period's classification/disclosure. 4) The results for the quarter and half year ended 30th September, 2019 are available on the Company's website at www.modexindla.com and also on the website of the BSE Limited at swwwubselnudia.com where the shares of the Company are listed.

For and on behalf of the Board of Directo: Modex International Securities

Date : 14th November, 2019

letra Head Office F eee - 23/26, Ilir aOR Ele 4003-1004, S an Building

ree Tne NT Um nV ConA a LO

New Delhi-110008 + Call at:011-47451014-17 Cereus TEAC ae

H & SANTOSH CA ARUN KUMAR OH Paani, ACCOUNTANTS Partner

210, M.J. Shopping Centre, 3, Veer Savarkar Block, Shakarpur, Delhi-110 092, Off. 011-46527566 Mob.: 09312242612, E-mail: arun1513@yahoo.com

Limited Review Report on the Unaudited Quarterly and Year to Date Standalone Financial Results under Regulation 33 of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.

To

The Board Directors

Modex International Securities Limited

507, Padma Tower-ll,

22, Rajendra Place, New Delhi-110008

1. We have reviewed the unaudited Standalone financial results of Modex International Securities Limited (the “Company”) for the quarter ended 30° September, 2019 and year to date results for the period 01 April,2019 to 30 September,2019 which are included in the accompanying statement of unaudited standalone financial results for the quarter ended 30" September 2019*(the “Statement”). The Statement has been prepared by the company pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the “Listing Regulations, 2015”), which has been initialed by us for identification Purposes.

2. The Statement, which is the responsibility of the Company’s Management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 “Interim Financial reporting” (“Ind AS 34”) prescribed under Section 133 of the Companies Act, 2013 and the accounting principles generally accepted in India. Our responsibility is to issue a report on the statement based on our review.

3. 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. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review conducted in accordance with Standards on Auditing 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.

H.O. KANPUR | B.O. MORADABAD, SAMBHAL, ORAI

We also performed procedures in accordance with the circular issued by the SEBI under

Regulation 33 (8) of the Listing Regulations, to the extent applicable.

4. Attention is drawn to the fact that the figures for the quarter ended 30 September,

2019 as reported in the Statement are balancing figures between unaudited

figures in respect of the year to date financial results and the published unaudited

figures for the quarter ended 30 June,2019 had only been reviewed and not

subjected to audit.

5. Based on our review conducted and procedures performed as stated in paragraph 3

above, nothing has come to our attention that causes us to believe that the Statement

has not been prepared in all material respects in accordance with the Applicable

Accounting Standards prescribed under Section 133 of the Companies Act, 2013 and

other recognized Accounting practices and policies, and has not disclosed the

information required to be disclosed in terms of Regulation 33 of the Listing

Regulations, 2015 including the manner in which it is to be disclosed, or that it contains

any material misstatement.

For Prakash And Santosh

(Chartered Accountants)

F.R.No. 000454C

Hoenn 3) Arun Kumar

(Partner)

M.No. 087378

Place: Delhi

Date: 14.11.2019

UDIN: 19087378AAAADV6116