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Date: 30th May, 2019

To, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400 001

Dear Sir,

Subject: Outcome of Board Meeting Held on 30th May, 2019

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to infom1 you that the Board of Directors in their Board Meeting held 011 Thursday, May 30, 2019 at corporate office situated as 429-430, Block-II, Ganga Shopping Complex Sector 29, NOIDA- 201301 has discussed, inter alia, on the following matters:

1. The Board of Directors duly considered and approved the Audited financial results for thehalf year and year ended March 31, 2019 along with Auditors Report issued by Mis NKSC& Co., Statutory Auditors of the Company on the said financial results of the Companywhjch were duly placed before the Board at the aforesaid meeting.

2. Pursuant to Regulation 33 of SEBI (Listing Obligations & Disclosure Requirements)Regulations, 2015, as an1ended, a declaration with respect to the Audit Report withunmodified opinion of the said financial results is also hereby approved.

The meeting of the Board of Directors of the Company commenced at 11 :00 AM and concluded ata1::00Pu

We are enclosing herewith copy of the said Audited Financial results along with the Audit report and declaration pursuant to SEBI circular CIR/CFD/CMD/56/2016 27th May, 2016 for the financial year 2018-19 .

.fl Company w ·tfi <;Co6a[ 'lhmijne c1:, Vniversa[ Outf.oo� Correspond at Conxlrate Office: Premises Nos. 429- 430, Block• II, 2"" Floor, Gan_ga Shoppirui Comphtx. S8ctor ·29. No1da- 201 303, N. C. R., India

/,�jACil Pax - +91- 120- 4694500 Fax:• +91· 120- 2450429

Q--•-�·•-= REGO OFF· f.24 flRST fLOOR, PANkAJ GRAND PLAZA. MAVUA VIIIAA·l NEW DEi.iii, DELHl-110091 P8X • +91-011·22755585 � Corporato Mo-mbor ' •• '

CIN: -L748990L1995PLC07,5005 ,.._,,.' ,c

E-mail: n::e1pl@ndings_r__n!f11;1 COO]. Website: www.ndmgsmd1a com

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Ridinas Consultina Enaineers India Limited CIN No:- L74899DL199SPLC075005

Registered Office: F-24, First Floor, Pankaj Grand Plaza,

Mayur Vihar- 1, New Delhi- 110091

Statement of Audited Financials Results for the half year and year ended March 31, 2019

(Amounts in Rs.)

Particulars For the half year ended Year ended

Audited Unaudited Audited

March 31, 2019 September 30, 2018 March 31, 2019 March 31, 2018

Income from operations

Revenue from operations 121,674,073 60,768,243 182,442,316 187,792,757

Other income (2,234,531) 8,348,125 6,113,594 666,629

Total income 119,439,542 69,116,368 188,555,910 188,459,386

Expenses

Cost of services 82,401,807 15,721,641 98,123,448 98,145,393

Changes in inventories of finished goods, work in 35,873,890 411,910 36,285,800 (14,419,726)

progress and stock in -trade

Employee benefits expense 19,431,721 23,332,894 42,764,615 30,956,256

Finance costs 8,188,452 6,789,310 14,977,762. 15,884,896

Depreciation and amortization expense 3,624,227 5,917,934 9,542,161 8,561,2.53

Other expenses 32,922,315 19,661.458 52,583,773 31,998,404

Total expenses 182,442,412 71,835,147 254,277,559 171,126,476

(Loss)/Profit before exceptional & extraordinary (63,002,870) (2,718,781) (65,721,649) 17,332,910

items and tax

Exceptional item - - - -

(Loss)/Profit before extraordinary items and tax (63,002,870) (2,718,781) (65,721,649) 17,332,910

Extraordinary items - - - -

(Loss)/Profit before tax (63,002,870) (2,718,781) (65,721,649) 17,332,910

Tax expense:

Current tax (3,553,597) 3,553,597 - 6,139,073

Deferred tax (12,622, 170) (2,977,202) (15,599,372) (1,203,242)

Total tax expense (16,175,767) 576,395 (15,599,372) 4,935,831

(Loss)/Profit for the period from continuing (46,827,103) (3,295,176) (50,122,277) 12,397,079

operations

(Loss)/Profit for the period from discontinuing - - - -

operations

Tax expense of discontinuinQ operations - - . -

(Loss)/Profit for the period from discontinuing - . - -

operations after tax

(Loss)/Profit for the period/year (46,827,103) (3,295,176) (50,122,277) 12,397,079

Paid-up Equity Share Capital (face value of Rs. 10 12,440,000 12,440,000 12,440,000 12,440,000

each)

Earnings/(Loss) per equity share

Basic (3.76) (0.26) (4.03) 1.00

Diluted (3.76) (0.26) (4.03) 1.00

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Ridings Consulting Engineers India Limited

CIN No:- L74899DL 1995PLC075005

Registered Office: F-24, First Floor, Pankaj Grand Plaza,

Mayur Vihar- 1, New Delhi- 110091

Statement of Assets And Liabilites as at March 31, 2019

Particulars March 31, 2019

Audited

Equity & Liabilities

�bacebQldec's Euads

Share Capital 124.400,000

Reserves and Surplus (2,997,344)

Total Shareholder's funds 121,402,656

l'll�.m-Cummt Liabilities

Long-Term Borrowings 4,938,930

Long Term Provisions 1,S81,034

Total Non Current Liabilities 6,519,964

!:urceat Liabilitie:;

Short-Term Borrowings 80,031,396

Trade payables

Outstanding dues of micro enterprises and small enterprises -

Outstanding dues of creditors other than micro enterprises and 64,492,448

small enterprises

Other Current Liabilities 54,015,631

Short Term Provisions 196,040

Total Current Liabilities 198,735,515

Total Equity & Liabilities 326,658,135

ASSETS

l'llaa-!:um:at Assets

Tangible assets 21,692,891

Intangible Assets 173,522

Deferred Tax Assets (net) 17,617,441

Long Term Loans and Advances 6,997,578

Other Non-Current Assets 2,719,457

Total Non-Current Assets 49,200,889

C:.imeat 8ssllts

Inventories -

Trade Receivables 267,096,512

Cash and Cash Equivalents 708,727

Short-Term Loans and Advances 8,323,949

Other Current Assets 1,328,058

Total Current Assets 277,457,246

Total Assets 326,658,135

(Amount in Rs.)

March 31, 2018

Audited

124,400,000

47,124,933

171,524,933

10,328,011

1,221,613

11,549,624

92,744,846

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7,266,488

51,032,351 -

151,043,685

334,118,242

26,970,262

1,371,956

2,018,069

5,986,656

1,481,604

37,828,547

36,285,800

200,874,964

44,644,822

13,305,581

1,178,528

296,289,695

334,118,242

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Ridings Consulting Engineers India Limited

CIN No:- L 74899DL 1995PLC075005

Registered Office: F-24, First Floor, Pankaj Grand Plaza,

Mayur Vihar- 1, New Delhi- 110091

Statement of Unaudited Financials results for the half year and year ended March 31, 2019

(Amounts in Rs )

Segment Wise Performance For the half year ended Year ended

Audited Unaudited Audited

March 31, 2019 Saptamber 30, 2018 March 31, 2019 March 31, 2018

Segment Revenue

India 81,287,243 48,308,349 129,595,592 91,045,514

Abroad 40,386,830 12,459,894 52,846,724 96,747,243

Total segment revenue from operations 121,674,073 60,768,243 182,442,316 187,792,757

Segment Results

India (72,080,585) 1,542,511 (70,538,074) 22,188,612

Abroad 19,500,698 (5,820, 1 OS) 13,680,593 10,362,565

Total Segment results (52,579,887) (4,277,594) (56,857,481) 32,551,177

Add: Other income (2,234.531) 8,348,125 6,113,594 666.629

Less: finance costs (8, 188.452) (6,789,310) (14,977.762) (15,884,896)

Less: Unallocated expenses - . .

Profit/(loss) before tax (63,002,870) (2,718,781) (65,721,649) 17,332,910

Less: Tax expenses (16,175,767) 576,395 (15,599,372) 4,935,831

Net (loss)/(loss) for the period/year (46,827,103) (3,295,176) (SO, 122,277) 12,397,079

Segment Assets

India 182,557,184 224,133,924 182,557,184 230,389,386

Abroad 126,483,510 108,712,526 126.483,510 99.473,986

Unallocated 17,617,441 4,995.271 17,617,441 4,254,870

Tota.I 326,658,135 337,841,722 326,6S8, 135 334, 118,242

Segment Liabilities

India 94,385,719 49,452,174 94,385,719 44,304,385

Abroad 15,972,113 15,004,175 15,972,113 15,216,066

Unallocated 94,897,647 105,155,612 94,897,647 103,072,858

Total 205,255,479 169,611,961 205,255.479 162,593,309

Ridings Consulting Engineers India Limited

CIN No:L74899DL199SPLC07S00S

Registered Office: F-24, First Floor, Pankaj Grand Plaza,

Mayur Vihar- 1, New Delhi-110091

Notes to the Audited Financial Results for the year ended March 31, 2019

1. The above results have been reviewed and recommended by the Audit Committee and

approved by the Board of Directors at their meetings held on May 30, 2019.

2. The financials results for the half year and year ended March 31, 2019 have been

prepared in accordance with the principles and procedures for the preparation and

presentation of financial results as set out in the accounting standards as specified

under section 133 of the Companies Act, 2013 ("the Act") read with Rule 7 of the

Companies (Accounts) Rules, 2014 to the extent applicable.

3. During the year ended March 31, 2018, pursuant to Initial Public Offering ("IPO")

3,640,000 Equity Shares of Rs. 10 each were allotted to public at a premium of Rs. 8 per

share. The details of which are as under:

Particulars No. of Shares Price per Amount share (Rs.)

Gross proceeds from IPO - Fresh 3,640,000 18 65,520,000

issue

Less: total share issue expenses 6,681,925

Net Proceeds from IPO 58,838,075

The shares were been listed at BSE on March 26, 2018. Details of the utilisation of IPO

proceeds are as under:

Objects Amount (Rs.) Utilised till March 31, 2019

Meeting working capital requirements 50,000,000 50,000,000

General Corporate purposes 8,838,075 8,838,075

4. Based on the dominant source and nature of risks and returns, organization structure

and internal financial reporting system, the Company has identified geographical

segment as its primary segments and since the Company deals in single

product/service, there are no separate reportable business segments. Accordingly,segment wise revenue, results and capital employed have been prepared and

presented in accordance with Accounting Standard 17 - Segment Reporting.

5. The financial statements of the Company for the year ended March 31, 2018 wereaudited by another firm of Chartered Accountants who expressed an unmodifiedopinion on those statements. While presenting audited financial results for the halfyear and year ended March 31, 2019, the Company has observed certain discrepanciesin the audited closing balances (comparative figures) as at March 31, 2018. The detailsof which are as below:

(i) Till March 31, 2018, the Company had not restated their monetary assets andliabilities as required by para 11 of Accounting Standard -11 "Effects of Changesin Foreign Exchange Rates".

(ii) Till March 31, 2018, the Company had not provided for liability o� account ofearned leaves as required by para 129-131 of Accounting Standard -15"Employee Benefits".

(iii) Till March 31, 2018, the Company had not followed useful lives for property,plant and equipments as envisaged in the Schedule II to the Act.

The Company has properly accounted for the effect of all discrepancies and adequately disclosed the same while presenting audited financial results for the half year and year ended March 31, 2019.

6. The Company has assessed recoverability of outstanding trade receivables amountingRs. 267,096,512. Based on such assessment, the management is of the view that mostof these balances are good ex�ept as shown doubtful in the financial results. Further,in the opinion of the management it has made necessary provisions/took write off,wherever required and net balances are fully recoverable.

7. The basic and diluted earnings per share have been calculated in accordance withAccounting Standard -20 "Earnings Per Share".

8. Figures for the previous periods have been regrouped/reclassified wherever necessaryto conform to the current period's classification.

Place: New Delhi

Date: May 30, 2019 &

NKSC & Co. 208 Vat Market Shi Mark t P1tampura Delhi 110034

Chartered Accountants @)www va uesquar mfo@valuesq r

R011 47597304

Auditor's Report on Annual Financial Results of the Company Pursuant to ReQulation 33 of the

SEBI (ListinQ ObliQations and Disclosure Requirements) ReQulations, 2015

To

The Board of Directors

Ridings Consulting Engineers India Limited

1. We have audited the accompanying Statement of Annual Financial Results of RidingsConsulting Engineers India Limited ('the Company') for the year ended March 31, 2019 ("theStatement#), being submitted by the Company pursuant to the requirement of Regulation33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. ThisStatement is the responsibility of the Company's management and has been approved bythe Board of Directors. This Statement has been prepared on the basis of the annualfinancial statements. Our responsibility is to express an opinion on this Statement, based onour audit of such annual financial statements, which have been prepared in accordance withthe Accounting Standards specified under Section 133 of the Companies Act, 2013 ('theAct') read with relevant rules issued there under and other accounting principles generallyaccepted in India.

2. We conducted our audit of the Statement in accordance with the Standards on Auditingspecified under Section 143(10) of the Act. Those standards require that we plan andperform the audit to obtain reasonable assurance about whether the Statement is free ofmaterial misstatement. An audit includes examining, on a test basis, evidence supportingthe amounts disclosed in the Statement. An audit also includes assessing the accountingprinciples used and significant estimates made by management.

3. We believe that the audit evidences obtained by us is sufficient and appropriate to providea reasonable basis for our opinion on the Statement.

4. In our opinion and to the best of our information and according to the explanations givento us, the statement:(i) is presented in accordance with the requirements.of Regulation 33 of the SEBI (Listing

Obligations and Disclosure Requirements) Regulations, 201 S; and

(ii) gives a true and fair view of the loss and other financial information of the Company for

the year ended March 31, 2019.

5. We draw attention to:

(i) Note 5 of the accompanying Statement wherein the management has explainedcertain discrepancies identified by it in the previous year balances i.e. openingbalances as on April 1, 2018. The Management has rectified the said discr_epancieswhile preparing audited financial results for the year ended March 31, 2019 withoutrestating the opening balances.

NKSC & Co. Chartered Accountants

(ii) Note 6 of accompanying statement wherein the management has explained reasons

for considering old outstanding receivables as recoverable.

Our audit report is not modified in respect of these matters.

6. Other matter:

1. The financial statements of the Company for the year ended March 31, 2018 were

audited by another firm of Chartered Accountants who vide their report dated May 30,

2018, expressed an unmodified opinion on those statements.

11. As explained in sub para (i) above and note 5 of the accompanying statement, we are

not commenting upon the opening balances as on April 1, 2018. Further, the Company

has properly accounted for the effect of all discrepancies and adequately disclosed the

same while presenting audited financial results for the year ended March 31, 2019.

Accordingly, we have not modified our audit report in respect of these matters.

7. The statement includes the results for the half year ended March 31, 2019, being the

balancing figure between audited figures in respect of full financial year and published

year to date figures upto the half year of the current financial year which were subject to

limited reviewed by us.

For NKSC & Co.

Partner

Membership No.: 089123

Place: New Delhi

Date: May 30, 2019

e���!�p��� Ridings Consulting Engineers India Lim'ted !�-•'« .....

� � --------------------- , RC l _ ;� Offers State-of-the Art Turnkey Solutions, Consultanoy & Software Dev. Services

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'q,"\_.\------;;,r � Geospatial Services(GIS), Remote Sensing, Digital Mapping, Ground Survey & Cartographic Services, '-' '' � � , , ?if Ground Penetrating Radar (GPR) Survey for All Underground Utilities Detection ISO 9001 : 2 015 �G� REGD. WITH UNDP: WB, ADB, NTPC, NRSC, RITES, DOS & OTHER MANY GOVT. DEPTS.

Date: 30th May, 2019 SCRIP CODE: 541151

To,

BSE LIMITED Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400 001

Sub: Declaration for un-modified opinion with audit report on annual audited standalone

financial results for the half year and year ended on March 31st 2019

Dear Sir/Ma' am,

In te1ms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations,

2015, we hereby confirm and declare that the Statutory Auditors of the Company Mis NKSC &

Co. Chartered Accountants (FRN: 020076N) have issued Audit Report with unmodified opinion(s)

in respect of Annual Audited Financial Results for the half year and year ended on March 31 5\

2019.

Kindly take the above on records.

JI Company witfi qfo6a{'1JiinkjnlJ ct{, Vniversa{ Outfook, Corr,,,,pand at Corporate Office· Premi,;&S Nos. 429- 430. Block- II. 2·• Floor. Ga1151a Shoppln.si Complox, Sector -29, Nelda- 201 303, N. C. R , India

qACil

PBX· +91-120-4694500 Fax:· +91-120· 2450429

Cc,mo;.le Member - REGO. OFF.: F-24, FIRST FLOOR, PANKAJ GllANO PLAZA, MAVUR VIHAR•l, NEW DELHI, OELJ-11-110091 P&X - +91-011-227i558S O{q CIN: L748990L199SPLC075005 '"•'•"•

E-mail: rcelpl@ndmgsindra com Website: www riding ind.a com