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K Vijoyoroghovon &
Chortered Accountonts
Associqtes
Review Report to
The Board of Directors
Photon Capitat Advisors Limited
Ptot no: 90-A, Road no: 9,
Jubitee Hitls,
Hyderabad - 500033
Dear Sirs,
1.
2.
We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410,
"Review of lnterim Finoncial lnformation Performed by the lndependent Auditor of the Entity"
issued by the lnstitute of Chartered Accountants of lndia. This standard requires that we ptan
and perform the review to obtain moderate assurance as to whether the financial statements
opinion.
3.
Based on our review conducted as above, nothing has come to our attention that causes us to
betieve that the accompanying statement of unaudited financial resutts prepared in accordance
with appticabte accounting standards issued under Companies (Accounting Standard) Rutes,
2006 which continue to appty as per section 133 of the Companies Act, 2013, read with Rule-7
of Companies (Accounts) Rutes, 2014 and other recognized accounting practices and poticies
has not disctosed the information required to be disclosed in terms of Ctause 41 of the Listing
Agreement lnctuding the manner in which it is to be disctosed, or that it contains any material
misstatement.
e*T
S/
;\
ctrartered
Accountants
\!
i:
v\-_1"9 .Ragunathan
Partner
Place: Hyderabad
Date: Juty 29,2015
Membership No.213723
Firm Registration No. 0047185
500 034,
India
K Vijoyoroghovon &
Chortered Accountonts
Associqtes
Review Report to
The Board of Directors
Photon Capital Advisors Limited
Ptot no: 90-A, Road no: 9,
Jubilee Hitls,
Hyderabad - 500033
Dear Sirs,
1.
have not been audited by us. This statement is the responsibitity of the Company's
management and has been approved by the Board of Directors. Our responsibitity is to issue a
report on these financiaI statements based on our review.
2.
We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410,
"Review of lnterim Finoncial lnformation Performed by the lndependent Auditor of the Entity"
issued by the Institute of Chartered Accountants of lndia. This standard requires that we ptan
and perform the review to obtain moderate assurance as to whether the fjnancial statements
The Statement includes the consotidated resutts of its subsidiary: Soven Management Associates
Private Limited.
4.
The consolidated financiaI resutts inctude the Group's share of profit after tax of Rs. Nit Lakhs
for the quarter ended June 30, 2015, as considered in the consotidated financial resutt, in
respect of one subsidiary based on their interim consotidated financiaI resutts which have not
been reviewed by their auditor.
Email: audit@sathguru.com
5.
Based on our review conducted as above, nothing has come to our attention that causes us to
betieve that the accompanying statement of unaudited financial results prepared in accordance
with appticabte accounting standards issued under Companies (Accounting Standard) Rutes,
2006 which continue to appty as per section 133 of the companies act, 2013, read with Rute'7
of Companies (Accounts) Rutes, 2014 and other recognized accounting practices and poticies
has not disctosed the information required to be disclosed in terms of Ctause 41 of the Listing
Agreement inctuding the manner in which it is to be disctosed, or that it contains any material
misstatement.
I";r*-ery"
K.Ragunathan
Partner
Ptace: Hyderabad
Membership No.213723
Firm Registration No. 00471 85