May 27, 2022

Listing Compliance,	Listing Compliance,
BSE Limited	National Stock Exchange of India Limited
P. J. Towers,	Exchange Plaza,
Dalai Street,	Bandra Kurla Complex,
Mumbai—400 001	Bandra (E), Mumbai —400051
(Scrip Code: 526881)	(Scrip Code: 63MOONS)

Dear Sirs,

Sub: Audited FinancialResults for theF.Y. 2021 -22

Pursuant to the applicable Regulations of SEBI (Listing Obligations andDisclosure Requirements) Regulations, 2015, please be informed that the Board of Directors oftheCompany, at its meeting held today, inter-alia has approved the Standalone and Consolidated Audited Financial Results for the F.Y. 2021-22.

Please find enclosed herewith the following:

Audited Standalone and Consolidated Financial Results for the F.Y.2021 -22;
Auditors report on Standalone and Consolidated Financial Results and
Statement on impactofAudit Qualifications on Annual Standalone andConsolidated Financial Results for theyearended March 31, 2022.

The meeting commenced at2.30p.m. and concluded at 04! 40 p.m.

Kindly take the above documents onyour record andacknowledgereceipt.

Thanking You,

Yours faithfully, For 63 technologies limited

Hariraj Chouhan Sr. VP & CompanySecretary

Encl:a/a

Corporate Office: FT Tower, CTS No.256 & 257,Suren Road, Chakala, Andheri(East), Mumbai400093, India. T: +91 2266868010F: +91 22 66868050I E: [email protected]. www.63moons.com

RegisteredOffice: ShaktiTower-II, Floor,Premises-J,766, Anna Salai, Chennai -600 002. T: +91 4443950850iF:+9144 43950899ICIN No.: L29142TN1988PLC015586

63 moons technologies limited Regd. Office: Shakti Towers-ll,J,4th Floor, 766, Anna Salai, Thousand Lights, Chennai - 600002. CIN - L29142TN1988PLC015586

A. STATEMENT OF STANDALONE AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2022

					(₹ in lakhs, except per equity share data)
			Quarter ended		Year Ended
Sr.	PARTICULARS	31.03.2022	31.12.2021	31.03.2021	31.03.2022	31.03.2021
No.		Audited*	Unaudited	Audited*	Audited	Audited
	Income
1	Operating Income
	a) Revenue from Operations	3,826.90	3,649.37	3,526.56	14,435.21	14,241.81
	b) Other Operating Income	1.10	0.30	38.07	3.61	166.34
2	Other Income (net)	1,769.37	1,593.14	1,862.67	6,669.89	8,668.73
3	Total Income (1+2)	5,597.37	5,242.81	5,427.30	21,108.71	23,076.88
4	Expenses
	a) Employee benefits expense	2,614.69	2,536.96	2,270.36	10,573.27	9,565.98
	b) Legal and professional charges	1,480.73	1,317.43	1,741.02	5,870.64	6,375.05
	c) Depreciation and amortisation expense	269.35	288.60	392.03	1,207.37	1,843.08
	d) Finance costs	9.96	9.78	11.19	39.31	42.26
	e) Other expenses	1,266.54	1,293.41	1,052.89	4,503.72	4,208.99
	Total expenses	5,641.27	5,446.18	5,467.49	22,194.31	22,035.36
5.	Profit / (Loss) before Exceptional items (3-4)	(43.90)	(203.37)	(40.19)	(1,085.60)	1,041.52
6	Exceptional items	(500.00)	(1,000.00)	(5,353.70)	(5,208.28)	(6, 463.36)
$\overline{7}$	Profit / (Loss) before tax (5+6)	(543.90)	(1,203.37)	(5,393.89)	(6, 293.88)	(5,421.84)
8	Tax expense / (credit)	30.79	(56.63)	114.70	(159.57)	241.11
9	Net Profit/ (Loss) for the period (7-8)	(574.69)	(1, 146.74)	(5,508.59)	(6, 134.31)	(5,662.95)
10	Other Comprehensive Income	154.64	1.76	103.61	93.61	79.00
11	Total Comprehensive Income (9+10)	(420.05)	(1, 144.98)	(5,404.98)	(6,040.70)	(5,583.95)
12	Paid-up equity share capital (Face value ₹ 2/- per share)	921.57	921.57	921.57	921.57	921.57
13	Reserves excluding revaluation reserves				258,097.98	265,060.26
14	Earnings per share (Face Value ₹ 2/- per share) Basic / Diluted $(\vec{\xi})$ (not annualised)	(1.25)	(2.49)	(11.95)	(13.31)	(12.29)

*Refer Note 16

Statement of standalone assets and liabilities (~ in lakhs)

^IA5at As .. t A>at As:.t SR SR No PARTICULA:lS 31.03.2022 31.03.2021 PARTICULARS 3 1.0 3 .2(i 22 31.03.2021 No Audited Audited /\ud::cd /\o~ltcd ASSCTS CQUIIY AND LIABILITIU Non•a1rrent auets fqulty 1 Property, Pl anund fquipment 20.913.99 20,822.60 1 Equity Share c.ap,tal 921.57 921.57 2 Right of use a ueu 26.25 45,47 2 Other Equity 258,097.98 265,060.26 3 Investment Property 10,448.80 10,6~8.86 Total Equity 259,019.55 265,9ijl,83 4 Other Intangible assets 319.18 413.23 s F1 anc1al Nscu LIABILITIES {i) lnvestm~u 67 .065.82 65,361.05 Non•current 1:.1bllltles (II} loani 16.86 18.02 1 flDIOPII lltblht1C\$ (111) 0th~ Financ.:.lal Assets 11,570.94 13.479.41 Other financial llablllties 455.28 394,47 6 Deferred tu A.ueu (net) 8,399.73 8,278.62 2 I eue Liabdltirs 13.08 38.76 7 Other non-currtnr assets 9,910 33 10,640.04 3 Provisions 658.58 738.32 Total Non•currcnt assets 128,681.90 149,717.30 Total Non-current llabllltles 1,126.94 1,171.55 Current assets 1 f,oan'"lfl As~ Current liabilities {1) l1o11estments 23,136.30 12,341.00 1 Un1.!'cia1 LJabillt1cs (1i) Trade re..;e•vables 597.68 457.77 (1) Trade p1y1bles (iii) Cuh and cash equr11alcnts 2,469.43 1,138.68 Due to micro I ntJ small ertterprises 35.29 90.68 (lv) Bank Balances other than (rii) above 108,094,74 105,604.64 Due to others 195.04 187 98 (v) Loam 514.76 512.84 {ill Other f1nanc1al lu1bll1t1es 8,084.10 7,569 88 Iv•) Other financlill ktets 3,438.88 3.056,41 2 Lease Uabil111~s 14.87 10.83 ²Current tilll assets (net) 1,729 60 1,480.01 3 Other curre11t liabll1t1e~ 2.525.57 3177.62 ' Otfler current usets 3 021 12 4,524.7S 4 Prcwls+ons 683 05 64_~ Total current auets ¹⁴³OOZ.51 129 116,10 Total current :labilltlec; 11 <37,92 11 680.02 Total assets 271,684.4\ 278,833.40 Total equity and li.Jbllitles 271,6 84.41 278,833.40

Standalone Cash Flow Statement:-		$(7$ in lakhs)
Particulars	Year ended 31.03.2022	Year ended 31.03.2021
	Audited	Audited
A. Cash flow from operating activities
Profit / (Loss) before tax	(6, 293.88)	(5,421.84)
Adjustments for:
Depreciation and amortisation expense	1,207.37	1,843.08
Gain on Fair Valuation of Financial Assets at fair value through profit or loss	(456.73)	(800.22)
Impairment /allowance for expected credit loss on Debentures	2,708.28	5,000.00
Provisions / liabilities no longer required written back	(70.32)	(14.70)
Expected credit loss on investment in subsidiaries	2,500.00	1,463.36
Bad debts / advances written off (net of provision held)	21.09	19.58
Provision for doubtful trade receivables	73.85	235.53
Finance costs	39.31	42.26
Interest income	(5,407.32)	(7,074.56)
Operating profit before working capital changes	(5,678.35)	(4,707.51)
Changes in working capital:
Adjustments for:
Trade receivables, loans, other financial assets and other assets	1,063.05	2,120.64
Trade payables, other financial liabilities, other liabilities and provision	(894.15)	1,826.25
Cash used in operations	(5,509.45)	(760.62)
Net Income Tax paid
Net cash flow from operating activities (A)	(5,509.45)	(760.62)
B. Cash flow from investing activities
Capital expenditure on Property, plant and equipment and other	(979.53)	(338.64)
Intangible assets including capital advances
Purchase of stake in subsidiaries	(4,602.85)	(2,212.52)
Proceeds from subsidiaries under liquidation	814.32
Purchase of Financial assets - others	(5, 287.82)
Proceeds from sale of Financial assets - others	11,323.55	0.79
Bank deposits not considered as Cash and cash equivalents		(1, 20, 984.42)
- Placed - Matured	(1, 19, 392.49) 1,18,781.33	1,18,365.85
	5,742.85	7,346.59
Interest income Cash flow from investing activities	6,399.36	2,177.65
Income tax paid (net of refunds)	465.38	(1,027.20)
(B) Net cash flow from investing activities	6,864.74	1,150.45

C. Cash flow from financing activities
Payment of lease liabilities - Principal	(19.64)	(35.61)
Interest	(4.90)	(6.99)
Finance costs
Net cash used in financing activities (C)	(24.54)	(42.60)
Net cash flow during the year
Net (decrease) / increase in cash and cash equivalents $(A + B + C)$	1,330.75 4,165.85	347.23 3,818.62
Cash and cash equivalents (opening balance)
Cash and cash equivalents (closing balance)	5,496.60	4,165.85

Standalone Other Income consists of: (? In lakhs)

Particulars		Quarter ended			Year Ended
	31.03.2022	31.12.2021	31.03.2021	31.03.2022	31.03.2021
(a) Change in fair valuation of Investments	59.40	86.94	160.24	456.73	800.22
$(b)$ Interest Income	1,462.90	1,316.89	1,543.68	5,407.31	7,074.58
$(c)$ Others (net)	247.07	189.31	158.75	805.85	793.93
	1,769.37	1,593.14	1,862.67	6,669.89	8,668.73

Standalone exceptional items consists of: (? In lakhs)

		Quarter ended	Year Ended
Particulars	31.03.2022	31.12.2021	31.03.2021	31.03.2022	31.03.2021
(a) Expected credit loss on investment in subsidiaries (net)	(500.00)	(1,000.00)	(353.70)	(2,500.00)	(1,463.36)
(b) Impairement / Allowance for expected credit loss on debentures (refer note 2 and 3)	(0.00)		(5,000.00)	(2,708.28)	(5,000.00)
	(500.00)	(1,000.00)	(5,353.70)	(5,208.28)	(6,463.36)

8. STATEMENT OF CONSOLIDATED AUDITED FINANCIAL RESULTS FOR THE QUARTER ANO YEAR ENDED MARCH 31, 2022

					(₹ in lakhs, except per equity share data)
			Quarter Ended		Year Ended
Sr.	PARTICULARS	31.03.2022	31.12.2021	31.03.2021	31.03.2022	31.03.2021
No.		Audited*	Unaudited	Audited*	Audited	Audited
$\mathbf{1}$	Operating Income
	a) Revenue from Operations	4,219.21	4,038.09	3,926.60	15,976.50	15,840.08
	b) Other Operating Income	10.81	11.83	42.21	49.93	182.35
2	Other Income (net)	1,908.54	1,638.36	1,925.43	6,960.07	9,137.66
3	Total Income (1+2)	6,138.56	5,688.28	5,894.24	22,986.50	25,160.09
$\overline{4}$	Expenses
	a) Employee benefits expense	3,528.51	3,104.61	2,756.07	13,014.92	11,610.10
	b) Finance costs	12.08	13.66	16.06	47.30	52.55
	c) Legal and professional charges	2,362.03	1,809.86	2,102.49	8,037.08	7,393.49
	d) Depreciation and amortisation expense	280.19	302.29	402.02	1,248.90	1,901.16
	e) Other expenses	1,896.91	2,212.96	1,428.88	6,637.78	5,381.28
	Total expenses	8,079.72	7,443.38	6,705.52	28,985.98	26,338.58
5	Profit/ (loss) before Exceptional items (3-4)	(1,941.16)	(1,755.10)	(811.28)	(5,999.48)	(1, 178.49)
6	Exceptional items	1,332.87		(5,000.00)	(1, 375.41)	(5,000.00)
7	Profit/ (loss) before tax (5+6)	(608.29)	(1,755.10)	(5,811.28)	(7, 374.89)	(6, 178.49)
8	Tax expense	252.63	(52.08)	84.01	62.96	190.27
9	Net (loss) after taxes (7-8)	(860.92)	(1,703.02)	(5,895.29)	(7, 437.85)	(6,368.76)
10	Share of profit of Associate	1,057.23	337.10	(11.69)	1,871.00	27.53
11	Minority Interest	(249.51)		0.00	(249.51)	(11.92)
	12 Net Profit / (loss) after taxes, minority interest and share of
	profit of associates (9+10-11)	445.81	(1, 365.92)	(5,906.99)	(5,317.35)	(6,329.31)
13	Other Comprehensive Income	98.69	1.76	129.51	37.66	104.90
14	Total Comprehensive Income (12+13)	544.50	(1,364.16)	(5,777.48)	(5, 279.69)	(6, 224.41)
15	Paid-up equity share capital (Face value ₹ 2/- per share)	921.57	921.57	921.57	921.57	921.57
16	Reserves excluding revaluation reserves				308,720.70	304,583.16
17	Earnings per share (Face Value ₹ 2/- per share) Basic / Diluted (₹) (non annulised)	0.97	(2.96)	(12.82)	(11.54)	(13.74)

• Refer note 16

Statement of Consolidated Assets and Liabilities (~ in lakhs )

SR As at Asat SR As at A!oat PARTICULARS 31.03.2022 31.03.2021 PARTICULARS 31.03.2022 3 .. 03.2021 No Audited Audited No Audited Audited ASSETS EQUnY AND LIABILmES Non-current assets Equity 1 Property, Plant and Equipment 21,170.25 20,940.26 1 Equit'/ Share capital 921.57 921.57 2 Right to use Assets 26.25 45.47 2 Other Equl ty 308,720.70 308,163.87 3 Investment Properties 10,448.80 10,658.86 3 Non-control Ii ng Interests (1917.97) (3 580.63) 4 Other Intangible assets 6,510.30 4,705.13 Total Equity 307 724.30 305 504.81 5 Eloaocial Assets i) Investments 58,026.97 71,927.07 LIABILmES ii) Loans 16.86 46.64 Non-current liabilities iii) Other Financial Assets 23,926.01 25,696.48 1 Eioaocial Liabilities 6 Deferred tax assets 8,431.74 8,294.44 i) Other financial liabilities 455.28 394.47 7 Other non-current assets 13 293.60 13 732.37 2 Provisions 819.14 838.3] Total Non-current assets 141850.78 156 046.72 3 Other long term liabilities 20.31 7.11 4 Lease Ila bl I ity for ass et on rent 13.08 38.76 Current assets Total Non-current liabilities 1,307.82 1 278.66 1 Financial Assets Current liabilities i) Investments 21,622.43 13,985.52 Eioaoclal Uabilitles ii) Trade receivables 4,038.91 4,021.35 1 I) Trade payables iii) Cash and cash equivalents 23,201.47 16,454.17 Due to micro and small e11terprise 35.86 90.79 iv) Bank Balances other than (iii) above 109,360.86 105,977.96 Due to others 2,890.70 2,652.20 v) Loans 468.95 502.02 ii) Other financial liabilities 18,611.02 18,030.41 vi) Other Financial Assets 27,278.65 27,217.83 2 Provisions 891.76 712.33 2 Current Tax As sets (Net) 1,816.39 1,480.64 3 Other current l labllltles 5,357.09 5,961.25 3 Other current assets 7,194.97 8 555.07 4 Lease liabi lity for asset on rent 14.87 10.83 Total current assets 194 982.63 178 194.56 Total current liabilities 27 801.30 27,457.81 Total assets 336 833.41 334 241.28 Total equity and liabilities 336 833.41 334 241.28

Consolidated Cash Flow Statement	$(5 \in \mathsf{In} \mathsf{lakhs})$
	Year Ended
Particulares	31.03.2022	31.03.2021
	Audited	Audited
A. Cash flow from operating activities
Profit / (Loss) before tax	(7, 374.89)	(6, 178.49)
Adjustments for:
Depreciation and amortisation expense	1,248.90	1,901.16
Allowance for expected credit loss on Bonds / Debentures	2,708.28	5,000.00
Gain on Fair Valuation of Financial Assets	(513.82)	(760.61)
Gain on deemed disposal of Investments in Associates	(1,332.87)
Loss on disposal / write off of fixed assets (net)		2.00
Bad trade receivables / advances written off (net of provision held)	126.70	26.97
Provision / liabilities no longer required written back	(77.56)	(14.70)
Gain on sale of financial assets at amortised cost
Dividend income	(0.44)	(0.46)
Finance costs	47.30	52.55
Exchange rate fluctuations - loss	0.45	(51.86)
Interest income	(5,670.50)	(7, 440.82)
Operating profit before working capital changes	(10, 838.45)	(7, 464.27)
Changes in working capital:
Adjustments for:
Trade receivable, loans, other financial assets and other assets	1,371.27	2,357.89
Trade payables, other financial liablities, other liabilities and provisions	(670.59)	1,526.84
Cash used in operations	(10, 137.78)	(3,579.54)
Net income tax refund	(41.92)
Net cash flow from operating activities	(10, 179.70)	(3,579.54)
B. Cash flow from investing activities
Capital expenditure on Property, plant and equipment and other Intangible	(2,647.20)	(341.51)
assets including capital advances		14.59
Proceeds from sale of Property, plant and equipment Purchase of Financial assets - others	(6,044.27)
Proceeds from sale of Financial assets - others		0.79
	12,412.63 814.32
Proceeds from subsidiaries under liquidation Decrease / (Increase) in fixed deposit with banks	(3,382.90)	(251.50)
Interest income	5,888.88	7,607.89
Dividend income	0.44	0.46
Cash used in investing activities	7,041.91	7,030.72
Net income tax paid	455.33	(1,027.20)
Net cash used in investing activities	7,497.23	6,003.51
C. Cash flow from financing activities
Proceeds from issue of share capital in Subsidaries	8,100.00
Lease Payment	(19.64)	(42.60)
Cash generated from / (used in) financing activities	8,080.36	(42.60)
Net increase / (decrease) in cash and cash equivalents (A+B+C)	5,397.89	2,381.37
Cash and cash equivalents (opening balance)	27,551.69	25,170.31
Cash and cash equivalents (closing balance)	32.949.58	27,551.68

Consolidated Other Income consists of: (f In lakhs)

Particulars		Quarter Ended
	31.03.2022	31.12.2021	31.03.2021	31.03.2022	31.03.2021
(a) Change in fair valuation of Investments	74.42	100.65	70.89	513.82	760.61
(b) Interest Income	1,568.04	1,372.54	1,603.81	5,670.50	7,440.82
$(c)$ Others (net)	266.08	165.17	250.73	775.75	936.23
	1,908.54	1,638.36	1,925.43	6,960.07	9,137.66

Consolidated Exceptional Item consists of: (f In lakhs)

Particulars		Quarter Ended		Year Ended
	31.03.2022	31.12.2021	31.03.2021	31.03.2022	31.03.2021
(a) Impairement / Allowance for expected credit loss on
debentures (refer note 2 and 3)	$-$		(5,000.00)	(2,708.28)	(5,000.00)
(b) Gain on deemed disposal of Investments in Associates	1,332.87			1,332.87
	1,332.87		(5,000.00)	(1,375.41)	(5,000.00)

t .. ' ) I ' --- ,,.. ⁴

	Consolidated Segment-wise Revenue and results:-					(? In lakhs)
Sr.	Particulars		Quarter Ended		Year Ended
No.		31.03.2022	31.12.2021	31.03.2021	31.03.2022	31.03.2021
1	Segment Revenue :
	STP Technologies/ Solutions	4,133.96	3,972.91	3,862.19	15,686.39	15,585.01
	Others	138.05	117.90	140.96	509.83	581.23
	Total	4,272.01	4,090.81	4,003.15	16,196.22	16,166.24
	Less: Inter se2ment Revenue	41.99	40.89	34.34	169.79	143.81
	Net Sales /Income From Ooerations	4 230.02	4 049.92	3 968.81	16 026.43	16 022.43
2	Segment Results :
	STP Technologies/ Solutions	1,288.78	862.10	1,723.99	4,806.35	6,581.79
	Others	(88S.22	(606.221	(505.56)	(2 650.33)	(1 775.86]
	Total	403.56	255.88	1,218.43	2,156.02	4,805.93
	Less: Eliminations	(30.75'	(11.251	(5.63)	(64.50)	{280.22)
	Net Segment Results	434.31	267.13	1,224.06	2,220.52	5,086.15
	Less: Finance Cost	12.08	13.66	16.06	47.30	52.55
	Add : Unallocable Income	1,908.54	1,638.36	1,925.44	6,960.08	9,137.67
	Less : Unallocable Expenses	4,271.93	3,646.93	3,944.72	15,132.78	15,349.76
	Add: Exceotional Item	1 332.87	-	{5,000.00)	(1 375.41)	{5,000.00]
	Profit/ /loss) before tax	(608.29 1	(1 755.10)	(5 811.28)	{7 374.89)	(6 178.49]

a) Segments have been identified in accordance with the Ind AS 17 "Segment Reporting" considering the organization structure and the return/risk profiles of the business.

b) STP Technologies / Solutions segment represents straight through processing solutions and includes an integrated mix of various products, projects and activities incidental thereto. Other segment represents trading, procurement, process management, risk consultancy activities, Shared Business Support Services, IT Infrastructure Sharing, NBFC related activities and internet telecommunication services.

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 possible

Notes:

1. These above financial results have been reviewed and recommended by the Audit Committee. The same have been approved by the Board of Directors of the Company at its meeting held on May 27, 2022.
1. The Company has investments of~ 20,000 Lakhs (face value) Secured Redeemable, Non- Convertible Debentures of Dewan Housing Finance Corporation Ltd (DHFL) which were rated AAA by the rating agencies and secured by way of floating charge on receivables. In earlier year, after default by DHFL, RBI filed corporate insolvency resolution process (CIRP) against DHFL in NCLT, Mumbai and also appointed Administrator. The Company has filed its claim and also taken various legal measures against specified parties cit appropriate forum. The Committee of Creditors (CoC) of DHFL proceeded to implement the resolution plan as approved by Hon. NCLT. As per "distribution mechanism amongst Creditors of DHFL "approved in 18th COC meeting, the Company has received payout of~ 4,395.28 lakhs and 6.75% Non convertible Debentures of Piramal Capital & Housing Finance Ltd amounting to~ 5,287.82 lakhs during the previous quarters. Without prejudice to its rights, the Company has made additional provision of~ 2,708.28 lakhs against the same during earlier quarter and continue to pursue legal remedies available to recover its dues. The Company had filed Interim Application before NCLT Mumbai with a prayer that recoveries of avoidance application filed by DHFL Administrator, shall be the sole benefit of the creditor of DHFL. The said Interim Application was rejected by the NCLT Mumbai vide order dated June 07, 2021. However, in appeal challenging the said order, the Hon'ble NCLAT vide its Judgment dated January 27, 2022, allowed the Company Appeal and further directed that Resolution Plan be sent back to the CoC for reconsideration on this aspect. Piramal Capital & Housing Finance Ltd and CoC filed appeal before the Hon'ble Supreme Court against the NCLAT Order, wherein Hon'ble Supreme Court stayed the said NCLAT order.
1. The Company has investments on' 20,000 Lakhs (face value) in Secured Non-Convertible Debentures issued by IL&FS Transportation Networks Ltd (ITNL) (subsidiary of Infrastructure Leasing & Finance Ltd - IL&FS) which were rated "A" by the rating agencies and secured by way of charge on certain assets of ITNL. In earlier years, ITNL has defaulted in payment of interest and rating agencies have revised the credit ratings to the lowest category 'D' i.e. default. National Company Law Tribunal, Mumbai (NCLT) has superseded the board of IL&FS and appointed Govt. nominees. Resolution process has been initiated under Companies Act

under the supervIsIon of National Company Law Appellate Tribunal (NCLAT), in addition to various investigations and legal proceedings. The Company has filed its claim and also taken various measures including filing legal cases against specified parties at appropriate forum. The outcomes of legal matters are pending. Since these matters are pending at various stage of adjudication and considering the uncertainties, the Company is unable to quantify the impact of these investments. The Company has impaired the investment for the expected credit loss by? 7,500 lakhs till March 31, 2021. The Company has filed civil suit before Hon'ble Bombay High Court against the Promoter, directors, KMP of ITNL & others for compensation.

1. The Company has investments in 9% Yes Bank Perpetual Additional Tier I (AT-1) Bonds amounting to~ 30,000 Lakhs (face value) which was rated AA by the rating agencies. On March 06, 2020, the Central Government announced draft scheme of reconstruction of Yes Bank Ltd. (YBL), which inter alia included proposal for complete written down of AT-1 Bonds permanently. On March 13, 2020, the government notified the final scheme as YES Bank Reconstruction Scheme 2020. ("Final Reconstruction Scheme"). The Final Reconstruction Scheme had excluded the writing off AT-1 bonds and it carried clause that all contracts, deeds, bonds, etc., shall be effective to the extent and in the same manner, as was applicable before such commencement. However, on March 14, 2020, Yes Bank through Administrator informed the stock exchanges that the Perpetual Subordinated Basel Ill Compliant Additional Tier I Bonds issued by the Yes Bank for an amount of ~8,415 crores need to be fully written down permanently and stand extinguished with immediate effect. Trustees of the issue and the Company have taken legal recourse to this action of the Yes bank. In the opinion of the Company, action of the Administrator of the Yes bank in writing down the bond is illegal and hopeful that the amount will be recovered fully once the matter is legally decided in appropriate courts.
s. Hon'ble Bombay High Court passed an ad interim order inter alia restraining the Company from distributing any dividend or depositing the same in the dividend distribution account in accordance with the provisions of the Companies Act, 1956 (to be read as Companies Act, 2013) pending the final hearing and disposal of the Notice of Motion. This Notice of Motion was filed in one of the suits relating to NSEL counterparty default. In compliance to the said order, the Company has not distributed the final dividend for the financial year 2014-15 @~ 5/- per share amounting to~ 2,303.93 lakhs, to the shareholders pursuant to the directions of the Hon'ble Bombay High Court and hence is not in default in compliance with the statutory provisions under the Companies Act, 2013. Further, the shareholders of the Company have approved final dividend for year 2016-17, 2017-18 2018-19, 2019-20 and 2020-21 @ ~ 2/- per share for each year, aggregating to Rs4,607.85 lakhs, subject to appropriate judicial order which is also pending for distribution to the shareholders due to aforesaid restrictions. All the Notice of Motions and the Contempt Petitions filed against the Company have been tagged together and pending for hearing.
1. The writ petition filed by the Company challenging the legality and propriety of the Forward Markets Commission's ('FMC') order on the Company inter alia declaring "not a fit & proper person" is pending for hearing before the Hon'ble Bombay High Court. Solely based on FMC order, SEBI and CERC declared the Company as not a fit and proper person to hold shares in recognized stock exchanges and power exchanges respectively. The Company has filed civil appeals before Hon'ble Supreme Court challenging the CERC order. The civil appeal against CERC is pending for hearing before the Hon'ble Supreme Court.
1. The Union of India, through the Ministry of Corporate Affairs ("MCA"), has filed the Company Petition before t he Company Law Board, inter-alia seeking removal and supersession of the Board of Directors of the Company. The NCLT has as interim arrangement with consent formed a committee for certain matters. In Appeal, NCLT dismissed the prayer of MCA for removal and supersession of the entire Board of the Company and ordered MCA to nominate three directors on the board of the Company. The NCLAT was pleased to uphold the NCLT Order. The Company has filed civil appeal before Hon' ble Supreme Court challenging the orders passed by NCLAT & NCLT wherein in interim Hon'ble Supreme Court granted stay on appointment of director on the Company, the said matter is pending for hearing.

s. 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 Hon'ble 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 Hon'ble Bombay High Court.

b) First Information Reports (Fl Rs) 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 trading platform. After investigation, EOW, Mumbai has presently filed various charge-sheets in the matter. The Company has been named in the charge sheet filed in December 2018. CBI has filed charge-sheets including against the Company for alleged loss caused to PEC Ltd. & MMTC Ltd on NSEL platform and the cases are pending for trial before respective Trial Courts.

c) CBI - EOW, has registered an FIR alleging conspiracy between the private persons and SEBI official for granting renewal of stock exchange license to MCX Stock Exchange Ltd. by SEBI. Also, CBI-EOW, has registered FIR alleging that certain officials of FMC, SEBI and other for giving illegal benefits to Multi Commodity Exchange of India Ltd. (MCX) and allowing MCX trading as commodity exchange. The investigation in both cases is pending.

d) The SFIO has filed complaint with the Hon'ble Sessions Court under various sections of IPC and Companies Act against several persons/entities including the Company. The Company has challenged the issuance of process order before the Hon'ble Bombay High Court and the proceedings in the matter has been stayed by the Hon'ble High Court. The matter is pending for hearing before Hon'ble Bombay High Court.

1. The Company had filed the Writ Petitions before the Bombay High Court challenging inter alia, the provisions of the MPID Act are violative of the Constitution and the validity of various notifications and corrigendum attaching the assets of the Company under the provisions of the MPID Act. The Hon' ble Bombay High Court pleased to quash and set aside the said impugned Notifications. The State of Maharashtra and NIAG have challenged the said Judgement before Hon'ble Supreme Court .. Hon'ble Supreme Court has set aside the High Court order and held that all the notifications issued under MPID Act are valid.
1. The Enforcement Directorate('ED') has attached certain assets of the Company under the provisions of the Prevention of Money Laundering Act, 2002(PMLA). The three Provisional Attachments Orders had been confirmed by the Adjudicating Authority. The Hon'ble Appellate Tribunal quashed the provisional attachment orders and imposed conditions with regard to the Company. The Company has filed the appeal before the Hon'ble Bombay High Court for the limited purpose for challenging the conditions put by the Hon'ble Appellate Tribunal. The Hon'ble Court was pleased to admit the appeal and clarified that the later part of the impugned order shall not govern the Company. ED has also filed cross appeal, which is tagged with the Company' s 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.
1. The Company has a total MAT credit entitlement of~ 8,585.02 lakhs as at March 31, 2022. The management of the Company is confident that the Company will be able to utilize unexpired MAT entitlement in future unexpired years.
1. During the quarter ended March 31, 2022, the Company has made additional long-term investments aggregating~ 500.00 lakhs in subsidiaries.
1. The company has considered internal and external sources of information up to the date signing in evaluating the possible effects that may results from the pandemic relating to COVID-19 on the carrying amounts of trade receivable, unbilled receivable, contract assets. contract cost, intangible assets and certain investment.

The Company continue to closely monitor any material changes to future economic condition and is confident about the recoverability of these assets.

The Statutory Auditors vide their Independent Auditors Report dated May 27, 2022 issued the qualified opinion on the audited standalone financial results for quarter and year ended March 31, 2022 and basis for qualified opinion and Management responses thereto are as under: -

Note Number 3, 4 and 8 to 10 to the Statement forms the basis for our qualified conclusion, which are as follows:

(A) The Company has investment of Rs.20,000 Lakhs (face value) in secured non-convertible debentures issued by IL&FS Transportation Networks Ltd {ITNL) (subsidiary of Infrastructure Leasing & Finance Ltd - ILFS). ITNL has defaulted in repayment of interest and various rating agencies revised their credit ratings to the lowest category 'D' i.e. default. Resolution process has been initiated under Companies Act for ITNL, in addition to various investigations and legal proceedings. The Company's management has also taken various measures including filing legal cases against specified parties. (Refer note 3 to the Statement).

In addition, the Company has investment of Rs.30,000 Lakhs (face value) in Perpetual Additional Tier I bonds ("AT I bonds") issued by Yes Bank Limited ("Yes Bank"). On 14 March 2020, Yes Bank through its administrator informed the stock exchanges that these AT I bonds need to be fully written down permanently and stand extinguished with immediate effect. Trustee and the Company, have taken legal recourse to this action of the Yes bank. (Refer note 4 to the Statement)

The Company's management and those charged with Governance have represented to us that since these matters are pending at various stages of adjudication and considering the uncertainties, management is unable to quantify the impact on these investments.

Management Response: Refer Note 3 and 4 above.

(B) As stated by the Management of the Company in Note 8 to the Statement, Civil Suits have been filed against the 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 Company. In addition, as stated by the management in note 8, 9 and 10 to the Statement, there are 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 (SFIO). Above matters are pending at various stages of adjudication/investigation. (Refer Note 8, 9 and 10 to the Statement).

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, potential settlements involving the Company directly or indirectly which require adjustments to/disclosures in the Statement and that the ability of the Company to continue as a going concern entity and to carry out its day-to-day operations/activities is not seriously affected due to any such FIR/ complaints/ charge-sheets/ orders/ notices/ reports as aforesaid.

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 2022.

Management Response: Refer Note 8, 9 and 10 above.

The Statutory Auditors vide their Independent Auditors Report dated May 27, 2022 issued the qualified opinion on the audited consolidated financial results for financial results quarter and year ended March 31, 2022 and basis for qualified opinion thereto are as disclosed: -

I. Basis for qualified opinion pertaining to the Company and management response thereto, Refer Note no 14 above.
II. Basis for qualified opinion by the Independent Auditors of NSEL vide their Audit Report on the audited consolidated financial results for quarter and year ended March 31,2022 of NSEL, are reproduce hereunder:
a) The NSEL has been served with notices/letters/summons from various statutory authorities/regulators/government departments and some purported aggrieved parties, pertaining to the period prior to suspension of the exchange related operations from 31st July 2013. There are some writ petitions, public interest litigations, civil suits including in representative capacity filed by and against the Company. Such matters against the Company 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.

In the light of the above representations regarding the ongoing investigations and matters, the outcome of which is not known and is uncertain at this stage, we are un;ible to comment on the consequential impact in respect of the same on the results for the quarter and year ended 31st March 2022.

NSEL Management Response:

NSEL 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. The management of the Company does not foresee that the parties who have filed Civil Suits against the Company will be able to sustain any claim against the Company. There are no claims/litigations/potential settlements involving t·he Company directly or indirectly, which may require adjustments in the Consolidated Ind AS Financial Statement.

b) The trade receivables, other receivables, loans and advances and deposits 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.

NSEL Management Response:

Majority in value of the trade and other receivables, loans and advances etc. are under litigation/subject to court orders. Where amount is doubtful for recovery, Company h3s either m;ide provision or disclosed the reason for non-provisioning. Company is making full efforts for recovery of the amounts.

1. The figures of !he last quarter are the bc1lancing figures between audited figures in respect of full Financial yea; c1nd the published year to date figures up to the third quarter of the current Financial Year.
1. Previous year/period figures have been regrouped/reclassified, wherever necessary, to conform to current period's presentation

Place: Mumbai Date: May 27, 2022

For 63 moons technologies limited

Rajendran Managing Director & CEO DIN- 02686150

Corporate Office: FT Tower, CTS No 256-257, Suren Road, Chakala, Andheri (East), Mumbai - 400093

Sharp & Tan nan Associates

Chartered Accountants

87 Nariman Bhavan, 227 Nanman Point Mumbai (Bombay) 400 021, INDIA.

T: +91 22 6153 7500 ; 2202 2224/8857

E: [email protected] W: www.sharpandtannan.com

Independent Auditor's Report on standalone financial results of 63 moons technologies limited for the quarter and year ended 31 March 2022, pursuant to t he Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

To,

The Board of Directors 63 moons technologies limited CIN:L29142TN1988PLC015586 Mumbai.

Qualified opinion

1. We have audited the accompanying statement of standalone financial results of 63 moons technologies limited (the "Company") for the quarter and year ended 31 March 2022 (the "Statement"), attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 ofthe SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations").
1. In our opinion and to the best of our information and according to the explanations given to us, except for the effects of the matter described in the Basis for Qualified Opinion section of our report, the Statement:
A. is presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
B. gives a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards and other accounting principles generally accepted in India of the net loss and other comprehensive income and other financial information of the Company for the quarter and year ended 31 March 2022.

Basis for qualified opinion

3. Note Number 3, 4 and 8 to 10 to the Statement forms the basis for our qualified opinion, which are as follows:
A. The Company has investment of Rs. 20,000 Lakhs (face value) in secured nonconvertible debentures issued by IL&FS Transportation Networks Ltd {ITNL} (subsidiary of Infrastructure Leasing & Finance Ltd - ILFS}. ITNL has defaulted in repayment of interest and various rating agencies revised their credit ratings to the lowest category 'D' i.e. default. Resolution process has been initiated under Companies Act for /TNL, in addition to various investigations and legal proceedings. The Company's management has also taken various measures · · · · g legal cases against specified parties. {Refer note 3 to the Statement

In addition, the Company has investment of Rs.30,000 Lakhs (face value} in Perpetual Additional Tier I bonds {"AT I bonds"} issued by Yes Bank Limited ("Yes Bank"}. On 14 March 2020, Yes Bank through its administrator informed the stock exchanges that these AT I bonds need to be fully written down permanently and stand extinguished with immediate effect. Trustee and the Company, have taken legal recourse to this action of the Yes bank. (Refer note 4 to the Statement}

B. As stated by the Management of the Company in Note 8 to the Statement, Civil Suits have been filed against the 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 Company. In addition, as stated by the management in note 8, 9 and 10 to the Statement, there are 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 MP/0 Act, the Directorate of Enforcement and the Serious Fraud Investigation Office {SFIO}. Above matters are pending at various stages of adjudication/investigation. (Refer Note 8, 9 and 10 to the Statement).

We conducted our audit in accordance with the Standards on Auditing ("SAs") specified under section 143(10) of the Companies Act, 2013 ("the Act"). Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Standalone Financial Results section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India ("ICAI") together with the ethical requirements that are relevant to our audit of the Statement under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAl's Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opini

63 moons SFS SEBI AR 31 Mar. 2022 Page 2 of 5

Emphasis of matter

We draw attention to Note 11 to the Statement, regarding utilisation of unexpired MAT credit entitlement by the Company. The Company has a total MAT credit entitlement of Rs. 8,585 Lakhs as at 31 March 2022. The Company's management is confident that they will be able to utilise unexpired MAT credit in eligible future years.

Our opinion is not modified in respect of this matter of emphasis.

M anagement's responsibilities for the standalone financial results

1. The Statement has been prepared on the basis of the interim financial statements. The Company's Board of Directors are responsible for the preparation of the Statement that give a true and fair view of the net profit/loss and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34, prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that give a true and fair view and are free from material misstatement, whether due to fraud or error.
1. In preparing the Statement, the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alt ernative but to do so.
1. The Board of Directors are also responsible for overseeing the Company's financial reporting process.

Auditor's responsibilities for the audit of the standalone financial results

Our objectives are to obtain reasonable assurance about whether the Statement as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the econ ic decisions of users taken on the basis of the Statement.

63 moons SFS SEBI AR 31 Mar. 2022 Page 3 of 5

1. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
A. Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
B. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under section 143{3)(i) of the Act, we are also responsible for expressing our opinion on whether the Company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
C. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
D. Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.
E. Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the financial results represent the underlying transactions and events in a manner that achieves fair presentation.
1. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
1. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our inde endence and where applicable, related safeguards.

Other matters

The Statement includes the results for the quarter ended 31 March 2022 being the balancing figure between the audited figures in respect of the full financial year and the published unaudited year to date figures up to nine months ended 31 December 2021 of the current financial year which were subjected to limited review by us.

Ou r opinion is not modified in respect of this other matter.

Sharp & Tannan Associates Chartered Accountants Firm' s registration no.: 109983W by the hand of

CA Pramod Bhise Partner Membership no.: {F) 047751 UDIN: 22047751AJTDUH2801

Pune, 27 May 2022

Sharp & Tan nan Associates

Chartered Accountants

87 Nanman Bhavan, 227 Nanman Point Mumbai (Bombay) 400 021, !NOIA

T: +91 22 6153 7500; 2202 2224/8857
E: [email protected]
W : www.sharpandtannan.com

Independent Auditor's Report on consolidated financial results of 63 moons technologies limited for the quarter and year ended 31 March 2022, pursuant to the Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

To,

The Board of Directors 63 moons technologies limited CIN: L29142TN1988PLC015586 Mumbai

Qualified Opinion

1. We have audited the accompanying statement of consolidated financial results of 63 moons technologies limited ("the Parent" or "the Holding Company") and its subsidiaries (the Parent and Subsidiaries together referred to as "the Group"), which includes its share of profit /(loss) in its associate for the quarter and year ended 31 March 2022 ("the Statement"), attached herewith, being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations").
1. In our opinion and to the best of our informat ion and according to the explanations given to us, and based on the consideration of the reports of the other auditors on financial statements/ financial information (separate/consolidated) of subsidiaries and its associate, except for the effects of the matter described in the Basis for Qualified Opinion section of our report, the Statement:
A. includes the financial results of the entities as per Annexure A to this report;
B. is presented in accordance with the requirements of Regulation 33 of the Listing Regulations; and
C. gives a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting St andards and other accounting principles generally accepted in India of net loss and other comprehensive income and other financial information of the Group and its associate for the quarter and year ended 31 March 2022.

63 moons - CFS SEBI LODR AR 31 Mar. 2022 Page 1 of 8

Basis for qualified opinion

3. Note Number 3, 4 and 8 to 10 to the Statement forms the basis for our qualified opinion, which are as follows:
A. The Company has investment of Rs. 20,000 Lakhs (face value) in secured nonconvertible debentures issued by /L&FS Transportation Networks Ltd (ITNL} (subsidiary of Infrastructure Leasing & Finance Ltd - ILFS}. ITNL has defaulted in repayment of interest and various rating agencies revised their credit ratings to the lowest category 'D' i.e. default. Resolution process has been initiated under Companies Act for ITNL, in addition to various investigations and legal proceedings. The Company's management has also taken various measures including filing legal cases against specified parties. (Refer note 3 to the Statement)

In addition, the Company has investment of Rs. 30,000 Lakhs (face value) in Perpetual Additional Tier I bonds ("AT I bonds") issued by Yes Bank Limited ("Yes Bank"). On 14 March 2020, Yes Bank through its administrator informed the stock exchanges that these AT I bonds need to be fully written down permanently and stand extinguished with immediate effect. Trustee and the Company have taken legal recourse to this action of the Yes bank. (Refer note 4 to the Statement)

The Company's management and those charged with Governance have represented to us that these matters are pending at various stages of adjudication and considering the uncertainties, management is unable to quantify the impact on these investments.

B. As stated by the Management of the Company in Note 8 to the Statement, Civil Suits have been filed against the 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 Company. In addition, as stated by the management in note 8, 9 and 10 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 MP/0 Act, the Directorate of Enforcement, and the Serious Fraud Investigation Office (SF/0). Above matters are pending at various stages of adjudication/investigation. (Refer Note 8, 9 and 10 to the Statement).

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, potential settlements involving the Company directly or indirectly which require adjustments to/ disclosures in the Statement and that the ability of the Company to continue as a going concern entity and to carry out its day-to-day operations/activities is not seriously affected due to any such FIR/complaints/ letters/ orders/ notices/ reports as aforesai

4. We reproduce hereunder the 'Basis for Qualified Opinion' issued by the independent auditor{s) of a subsidiary viz. National Spot Exchange Limited ('NSEL') vide their audit report on the consolidated Ind AS financial statement of NSEL, to the extent the some 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 consolidated Ind AS financial Statements of the Group:
(a) As stated in note nos. 39,40,41,42,43 and 44 to the Consolidated Financial Statement, the Company has been served with notices/ letters/ summons from various statutory authorities/ regulators/ Government departments and some purported aggrieved parties. The Company is party to many proceedings filed by/ or against the Company 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 Company does not foresee that the parties who have filed Civil Suits against the Company will be able to sustain any claim against the Company.

There are some writ petitions, public interest litigations, civil suits including in representative capacity filed by and against the Company. Such matters against the Company are sub-judice before different forums. The Company may be exposed to civil/criminal liabilities in case of any adverse outcome of these investigations I enquiries or legal cases or any other investigations as referred above enquires or suits which may arise at a later dote.

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/floss) account, cash flow statement, statement of change in equity {SOCIE} and earnings per share {EPS} for the year ended and as at 31 March, 2022 in these Consolidated Financial Statements.

(b)The trade receivables, other receivables, loans and advances and deposits 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 coses legal notices hove been sent to the parties in earlier years; however we ore unable to form any opinion on the recoverability of the outstanding balances of

63 moons - CFS SEBI LODR AR 31 Mar. 2022 Page 3 of 8

We conducted our audit in accordance with the Standards on Auditing ("SAs") specified under section 143(10) of the Companies Act, 2013 ("the Act"). Our responsibilit ies under t hose St andards are further described in the Auditor's Responsibilities for the Audit of the Consolidated Financial Results section of our report. We are independent of the Group and its associate in accordance with the Code of Ethics issued by the Institute of Chartered Accountant s of India together with the ethical requirements that are relevant to our audit of the Statement under the provisions of the Act and the Rules t hereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAl's Code of Ethics. We believe that the audit evidence obtained by us and other auditors in terms of their reports referred to in "Other Matter" paragraph below, is sufficient and appropriate to provide a basis for our qualified opinion.

Emphasis of matter

We draw attention to Note 11 to the Statement, regarding utilisation of unexpired MAT credit entitlement by the Company. The Company has a total MAT credit entitlement of Rs. 8,585 Lakhs as at 31 March 2022. The Company's management is confident that they will be able to utilise unexpired MAT credit in eligible future years.

Our opinion is not modified in respect of this matter of emphasis.

Management's responsibilities for the consolidated financial results

The Statement has been prepared on the basis of the interim financial statements. The Holding Company' s Board of Directors are responsible for the preparation of the Statement that give a true and fair view of the consolidated total comprehensive income (comprising of net profit/loss and other comprehensive income and other financial information of the Group including its associate in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards 34, prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The respective Board of directors of the companies included in the Group and of its associate are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Group and its associate and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the consolidated financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the Statement by the Directors of the Holding Company, as aforesaid.

1. In preparing the Statement, the respective Board of Directors of companies included in the Group and of its associate are responsible for assessing the ability of the Group and of its associate to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate the Companies included in the group and its associate or to cease operations, or has no realistic alternative but to do so.
1. The respective Board of Directors of the Companies included in the group and of its associate are also responsible for overseeing the financial reporting process of the Group and of its associate.

Auditor's responsibilities for the audit of the consolidated financial results

1. Our objectives are to obtain reasonable assurance about whether the Statement as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial results.
1. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
A. Identify and assess the risks of material misstatement of the statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obt ain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
B. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Holding Company has adequate internal financial controls system in place and the operating effectiveness of such controls.
C. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
D. Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group and its associate to c ntinue as a going concern.

E. Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represents the underlying transactions and events in a manner that achieves fair presentation.
F. Obtain sufficient appropriate audit evidence regarding the financial results/financial information (separate/consolidated) of the entities within the Group and its associate to express an opinion on the Statement. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the Statement of which we are the independent auditors. For the other entities included in the Statement, which have been audited by other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion.
1. We communicate with those charged with governance of the Holding Company and such other entities included in Statement of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
1. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
1. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable.

Other matters

1. The Statement includes the Ind AS financial statements of ten domestic subsidiaries, whose Ind AS financial statements reflect total assets of Rs. 59,105 lakhs as at 31 March 2022; as well as the total revenue of Rs. 2,095 lakhs, other comprehensive income of Rs. (56) lakhs and net cash flow of Rs. 7,016 lakhs for the year then ended. The Statement also includes the Group's share of profit of Rs. 1,871 lakhs for the year ended 31 March 2022, in respect of an associate. These Ind AS financial statements have been audited by their respective independent auditor whose audit reports have been furnished to us by the management and our opinion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these entities, is based solely on the report of such auditors and the procedures performed by us are as stated in paragraph above.
1. The Statement also includes the financial statements (standalone/ consolidated) of four foreign subsidiaries, which reflects total assets of Rs. 19,180 lakhs as at 31 March 2022; as well as the total revenue of Rs. 35 lakhs, other comprehensive income of Rs. NIL and net cash flow of Rs. (2,018) lakhs for the year then ended. These financial statements have been audited by their respective independent auditor whose audit reports have been furnished to us, and our opinion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these entities, is based solely on the report of such auditor and the procedures performed by us as stated in paragraph abov · · - ··, -- --- 63 moons - CFS SEBI LODR AR 31 Mar. 2022 Page 6 of 8

1. Certain subsidiaries are located outside India and their separate/consolidated financial statements have been prepared in accordance with accounting principles generally accepted in their respective countries and which have been audited by other auditors under generally accepted auditing standards applicable in their respective countries. The Holding Company's management has converted the separate/consolidated financial statements of these subsidiaries located outside India from accounting principles generally accepted in their respective countries to accounting principles generally accepted in India. We have audited these conversion adjustments made by the Holding Company's management. Our opinion in so far as it relates to the balances and affairs of these subsidiaries located outside India is based on the report of other auditors and the conversion adjustments prepared by the management of the Holding Company and audited by us.
1. The Statement includes the results for the quarter ended 31 March 2022 being the balancing figure between the audited figures in respect of the full financial year and the published unaudited year to date figures up to nine months ended 31 December 2021 of the current financial year which were subjected to limited review by us.

Our opinion is not modified in respect of this other matter.

Sharp & Tannan Associates Chartered Accountants Firm's registration no.: 0109983W

©a

' ' CA Pramod Bhise Partner Membership no.: (F) 047751 UDIN: 22047751AJTELL2356

Pune, 27 May 2022

Annexure A to the Independent Auditor's Report on consolidated financial result s of 63 moons technologies limited for the quarter and year ended 31 March 2022

Sr. no.	Name of the Company	Nature of relationship
1.	Tickerplant Limited	Domestic subsidiary
2.	Financial Technologies Communications Limited	Domestic subsidiary
3.	Apian Finance & Investment Limited	Domestic subsidiary
4.	FT Projects Limited	Domestic subsidiary
5.	Global Payment Networks Limited	Domestic subsidiary
6.	FT Knowledge Management Company Limited	Domestic subsidiary
7.	National Spot Exchange Limited (NSEL)	Domestic subsidiary
8.	Indian Bullion Market Association Limited (subsidiary of NSEL)	Domestic subsidiary.
9.	Farmer Agricultural Integrated Development Alliance Limited (subsidiary of NSEL)	Domestic subsidiary
10.	Western Ghats Agro Growers Company Limited (WGAGL) (subsidiary of NSEL)	Domestic subsidiary
11.	FT Group Investments Pvt. Limited. (FTGIPL)	Foreign subsidiary
	Financial Technologies Middle East DMCC (subsidiary of FTGIPL)	Foreign subsidiary
12.	Financial Technologies Singapore Pte Limited	Foreign subsidiary
13.	ICX Platform (Pty) Limited	Foreign subsidiary
14.	Knowledge Assets Pvt. Limited	Foreign subsidiary
15.	NTT Data Payment Services India Limited (Formerly Atom Technologies Limited)	Associate

Sr. no.	Name of the Company under liquidation	Nature of relationship
1.	Bourse Africa Limited (BAL) (subsidiary of FTGIPL)	Foreign subsidiary
2.	Credit Market Services Limited (CMSL)	Domestic subsidiary
3.	Riskraft Consulting Limited (Riskraft)	Domestic subsidiary
4.	IBS Forex Limited (IBS)	Domestic subsidiary

Statement on Impact of Audit Qualifications on Annual Standalone Audited Financial Results for year ended March 31, 2022

t lakhs

I.	Sr. No.	Particulars	Audited Figures (as reported before adjusting for qualifications)	Adjusted Figures (audited figures after adjusting for qualifications)
	l.	Total income	21,108.71	21,108.71
	2.	Total Expenses	22,194.31	22,194.31
	3.	Exceptional items	(5,208.28)	(5,208.28)
	4.	Net Profit/(Loss)	(6,134.31)	(6,134.31)
	5.	Earnings Per Share	(13.31)	(13.31)
	6.	Total Assets	271,684.41	271,684.41
	7.	Total Liabilit ies	12,664.86	12,664.86
	8.	Net Worth	258,871.96	258,871.96
11.		Audit Qualification:
A.		Qualification
		Basis for Qualifications pertaining to the Company and management response thereto :
1		The Company has investment of Rs.20,000 Lakhs (face value) in secured non-convertible
		debentures issued by IL&FS Transportation Networks Ltd (ITNL) (subsidiary of Infrastructure
		Leasing & Finance Ltd - ILFS). ITNL has defaulted in repayment of interest and various rating
		agencies revised their credit ratings to the lowest category 'D' i.e. default. Resolution process
		has been initiated under Companies Act for ITNL, in addition to various investigations and
		legal proceedings. The Company's management has also taken various measures including
		filing legal cases against specified parties. (Refer note 3 to the Statement).

		In addition, the Company has investment of Rs.30,000 Lakhs (face value) in Perpetual
		Additional Tier I bonds ("AT I bonds" ) issued by Yes Bank Limited ("Yes Bank"). On 14 March
		2020, Yes Bank through its administrator informed the stock exchanges that these AT I bonds

		need to be fully written down permanently and stand extinguished with immediate effect.
		Trustee and the Company have taken legal recourse to this action of the Yes bank. (Refer note
		4 to the Statement)

		The Company's management and those charged with Governance have represented to us
		that these matters are pending at various stages of adjudication and considering the
		uncertainties, management is unable to quantify the impact on these investments.
~¾i		As stated by the Management of the Company in Note 8 to the Statement, Civil Suits have
1 ~a~ ,:;~ ~,,. \ ·i		been filed against the Company in relation to event occurred on National Spot Exchange
~ ICAI ,;; R ,J		Limited trading platform. These matters are pending at various stages of adjudication. As		-
ein. • u . 10 983W ._ 6		QI 10ns technologies limited
(I)~ ff>~ Or. ~_, ed Ace		rate Office: FT Tower, CTS No. 256 & 257, Suren Road, Chakala, Andheri (East), Mumbai 400 093, India.		~e- ~ I 0 ~ ~ (/1

^~- T: +91 22 66868010 I P: +91 22 66868050 I E: [email protected] I w: www.63moons.com 0 - · · ~ ~ c'.9 ':!) .... Registered Office: Shakti Tower - II, 4tn floor, Premises J, 766, Anna Salai, Thousand Lights, Chennai - 600 002.

T· . + 91 44 4395 0850 I P. +91 44 4395 0899 I CIN No .. L29142TN1988PLC015586 * ~ --

	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 Company. In addition, as stated by the management in note 8, 9 and 10 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
	of Investigation Office {SFIO). Above matters are pending at various stages adjudication/investigation. (Refer Note 8, 9 and 10 to the Statement).
	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, potential settlements involving the Company directly or indirectly which require adjustments to/disclosures in the Statement and that the ability of the Company to continue as a going concern entity and to carry out its day-to-day operations/activities is not seriously affected due to any such FIR/complaints/ letters/ orders/ notices/ reports as aforesaid.
	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 2022.
B.	Type of Audit Qualification:
	Qualified Opinion
C.	Frequency of observation
	Qualification stated in paragraphs A 1 - since March 2020 and A-2 - since year 2012-13.
D.	For Audit Qualification(s) where the impact is not quantified by the auditor:
{i)	Management's reason for unable to estimation on the impact of audit qualification
	{1) For qualification referred in Sr. No. A 1 above,
	The Company has investments of~ 20,000 Lakhs (face value) in Secured Non-Convertible a)
	(subsidiary of Debentures issued by IL&FS Transportation Networks Ltd (ITNL)
	Infrastructure Leasing & Finance Ltd - IL&FS) which were rated "A" by the rating agencies
	and secured by way of charge on certain assets of ITNL. In earlier years, ITNL has
	defaulted in payment of interest and rating agencies have revised the credit ratings to
	the lowest category 'D' i.e. default. National Company Law Tribunal, Mumbai (NCL T) has

superseded the board of IL&FS and appointed Govt. nominees. Resolution process has been initiated under Companies Act under the supervision of National Company Law Appellate Tribunal (NCLAT), in addition to various investigations and legal proceedings. The Company has filed its claim and also taken various measures including filing le al

· 63 moons technologies limited

Corporate Office: FT Tower, CTS No. 256 & 257, Suren Road, Chakala, Andheri (East), Mumbai 400 093, India. T: +91 22 66868010 I P: +91 22 66868050 I E: [email protected] I W: www.63moons.com

cases against specified parties at appropriate forum. The outcomes of legal matters are pending. Since these matters are pending at various stage of adjudication and considering the uncertainties, the Company is unable to quantify the impact of these investments. The Company has impaired the investment for the expected credit loss by ~ 7,500 lakhs till March 31, 2021. The Company has filed civil suit before Hon'ble Bombay High Court against the Promoter, directors, KMP of ITNL & others for compensation.

b) The Company has investments in 9% Yes Bank Perpetual Additional Tier I (AT-1) Bonds amounting to ~ 30,000 Lakhs (face value) which was rated AA by the rating agencies. On March 06, 2020, the Central Government announced draft scheme of reconstruction of Yes Bank Ltd. (YBL), which inter alia included proposal for complete written down of AT-1 Bonds permanently. On March 13, 2020, the government notified the final scheme as YES Bank Reconstruction Scheme 2020. ("Final Reconstruction Scheme" ). The Final Reconstruction Scheme had excluded the writing off AT-1 bonds and it carried clause that all contracts, deeds, bonds, etc., shall be effective to the extent and in the same manner, as was applicable before such commencement. However, on March 14, 2020, Yes Bank through Administrator informed the stock exchanges that the Perpetual Subordinated Basel Ill Compliant Additional Tier I Bonds issued by the Yes Bank for an amount on 8,415 crores need to be fully written down permanently and stand extinguished with immediate effect. Trustees of the issue and the Company have taken legal recourse to this action of the Yes bank. In the opinion of the Company, action of the Administrator of the Yes bank in writing down the bond is illegal and hopeful that the amount will be recovered fully once the matter is legally decided in appropriate courts.
(2) For qualification referred in Sr. No. A 2 above:
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 Hon' ble 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 Hon'ble Bombay High Court.

b) First Information Reports (Fl Rs) have been registered against various parties, including the Company, with the Economic Offences Wing, Mumbai (EOW) and Central Bureau of

- 63 moons technologies limited

Corporate Office: Fr Tower, CTS No. 256 & 257, Suren Road, Chakala, Andheri (East), Mumbai 400 093, India. T: +91 22 66868010 I P: +91 22 66868050 I E: [email protected] I W: www.63moons.com

Investigation (CBI) in connection with the counter party payment default on NSEL trading platform. After investigation, EOW, Mumbai has presently filed various charge-sheets in the matter. The Company has been named in the charge sheet filed in December 2018. CBI has filed charge-sheets including against the Company for alleged loss caused to PEC Ltd. & MMTC Ltd on NSEL platform and the cases are pending for trial before respective Trial Courts.

ii) The Company had filed the Writ Petitions before the Bombay High Court challenging inter alia, the provisions of the MPID Act are violative of the Constitution and the validity of various notifications and corrigendum attaching the assets of the Company under the provisions of the MPID Act. The Hon'ble Bombay High Court pleased to quash and set aside the said impugned Notifications. The State of Maharashtra and NIAG have challenged the said Judgement before Hon'ble Supreme Court. Hon' ble Supreme Court has set aside the High Court order and held that all the notifications issued under MPID Act are valid.
iii) The Enforcement Directorate('ED') has attached certain assets of the Company under the provisions of the Prevention of Money Laundering Act, 2002(PMLA). The three Provisional Attachments Orders had been confirmed by the Adjudicating Authority. The Hon'ble Appellate Tribunal quashed the provisional attachment orders and imposed conditions with regard to the Company. The Company has filed the appeal before the Hon'ble Bombay High Court for the limited purpose for challenging the conditions put by the Hon'ble Appellate Tribunal. The Hon'ble Court was pleased to admit the appeal and clarified that the later part of the impugned order shall not govern the Company. ED has

63 moons technologies limited

Corporate Office: FT Tower, CTS No. 256 & 257, Suren Road, Chakala, Andheri (East), Mumbai 400 093, India. T: +91 22 66868010 I P: +91 22 66868050 I E: [email protected] I W: www.63moons.com

also filed cross appeal, which is tagged with the Company's 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.

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.

(ii} Auditors' Comments :

Quantification is not possible.

Chairperson Audit Committee

Managing Director & CEO

Dev~ g,awal Whole Time Director & CFO

For 63 moons technologies limited In terms of our Report issued under Regulation 33 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulation, 2015.

For Sharp & Tannan Associates Chartered Accountants ration No.109983W

Pramod Bhise · • Partner (Membership No. (F) 047751)

Place : Mumbai

Date : May 27, 2022 .

63 moons technologies limited

Corporate Office: Fr Tower, CTS No. 256 & 257, Suren Road, Chakala, Andheri (East), Mumbai 400 093, India. T: +91 22 66868010 I P: +91 22 66868050 I E: [email protected] I W: www.63moons.com

Statement on Impact of Audit Qualifications on Annual Consolidated Audited Financial Results for year ended March 31, 2022.

tlakhs

I.	Sr. No.	Particulars	Audited Figures (as reported before adjusting for qualifications)	Adjusted Figures (audited figures after adjusting for qualifications)
	1.	Total income	22,986.50	22,986.50
	2.	Total Expenses	28,985.98	28,985.98
	3.	Exceptional items	(1,375.41)	(1,375.41)
	4.	Net Profit/(Loss)	(5,317.35)	(5,317.35)
	5.	Earnings Per Share	(11.54)	(11.54)
	6.	Total Assets	336,833.41	336,833.41
	7.	Total Liabilities	29,109.12	29,109.12
	8.	Net Worth	309,494.67	309,494.67

II.		Audit Qualification:
A.		Qualification
		Basis for Qualifications pertaining to the Company and management response thereto :
1		(a) The Company has investment of Rs.20,000 Lakhs (face value) in secured non-convertible
		debentures issued by IL&FS Transportation Networks Ltd (ITNL) (subsidiary of Infrastructure
		Leasing & Finance Ltd -	ILFS). ITNL has defaulted in repayment of interest and various rating
		agencies revised their credit ratings to the lowest category 'D' i.e. default. Resolution process
		has been initiated under Companies Act for ITNL, in addition to various investigations and legal
		proceedings. The Company's management has also taken various measures including filing legal
		cases against specified parties. (Refer note 3 to the Statement).

		In addition, the Company has investment of Rs.30,000 Lakhs (face value) in Perpetual Additional

		Tier I bonds ("AT I bonds") issued by Yes Bank Limited ("Yes Bank"). On 14 March 2020, Yes Bank
		through its administrator informed the stock exchanges that these AT I bonds need to be fully
		written down permanently and stand extinguished with immediate effect. Trustee and the
		Company have taken legal recourse to this action of rl= Statement)	4~ scc,:~~ r~	. Ves bank. (Refer note 4 to the

63m

Corporate Office: FT Tower, CTS No. 256 & 257, Suren Road, Chakala, Andheri (East), Mumbai 400 093, India. T: +91 22 66868010 I P: +91 22 66868050 I E: [email protected] I W: www.63moons.com

(b) As stated by the Management of the Company in Note 8 to the Statement, Civil Suits have been filed against the 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 Company. In addition, as stated by the management in note 8, 9 and 10 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 (SFIO). Above matters are pending at various stages of adjudication/investigation. (Refer Note 8, 9 and 10 to the Statement).

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, potential settlements involving the Company directly or indirectly which require adjustments to/disclosures in the Statement and that the ability of the Company to continue as a going concern entity and to carry out its day-to-day operations/activities is not seriously affected due to any such FIR/complaints/ letters/ orders/ notices/ reports as aforesaid.

2 We reproduce hereunder the 'Basis for Qualified Opinion' issued by the independent auditor(s) of a subsidiary viz. National Spot Exchange limited ('NSEL') 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 consolidated Ind AS financial • Statements of the Group.

63 moons technologies limited

Corporate Office: FT Tower, CTS No. 256 & 257, Suren Road, Chakala, Andheri (East), Mumbai 400 093, India. T: +91 22 66868010 I P: +91 22 66868050 I E: [email protected] I W: www.63moons.com

(a) "As stated in note nos. 39,40,41,42,43 and 44 to the Consolidated Financial Statement, the Company has been served with notices/ letters/ summons from various statutory authorities/ regulators/ Government departments and some purported aggrieved parties. The Company is party to many proceedings filed by/ or against the Company 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 Company does not foresee that the parties who have filed Civil Suits against the Company will be able to sustain any claim against the Company.

There are some writ petitions, public interest litigations, civil suits including in representative capacity filed by and against the Company. Such matters against the Company are sub-judice before different forums. The Company 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.

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 31 March, 2022 in these Consolidated Financial Statements."

{b) "The trade receivables, other receivables, loans and advances and deposits 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 outstandin balances of such parties."

"\?.l\nan As,· "' ~<1e,

^~/ ^~

•

B. Type of Audit Qualification:

63 moons technologies limited

^~ ⁹'ed A,:.c<..'·1 • Corporate Office: FT Tower, crs No. 256 & 257, Suren Road, Chakala, Andheri (East), Mumbai 400 ia.~ T: +91 22 66868010 I P: +91 22 66868050 I E: [email protected] I W: www.63moons.com k10l

	Qualified Opinion
C.	Frequency of observation
	Qualification Al(a) since March 2020.
	Qualification stated in paragraphs Al (b), A2(a), A2(b) above- since year 2012-13.
D.	For Audit Qualification(s) where the impact is not quantified by the auditor:
(i)	Management's reason for unable to estimation on the impact of audit qualification
	l. For qualification referred in Sr. No. A 1 (a) above,
	The Company has investments of " 20,000 Lakhs (face value) in Secured Non-Convertible i. Debentures issued by IL&FS Transportation Networks Ltd {ITNL) (subsidiary of Infrastructure Leasing & Finance Ltd - IL&FS) which were rated "A" by the rating agencies and secured by way of charge on certain assets of ITNL. In earlier years, ITNL has defaulted in payment of interest and rating agencies have revised the credit ratings to the lowest category 'D' i.e. default. National Company Law Tribunal, Mumbai (NCLT) has superseded the board of IL&FS and appointed Govt. nominees. Resolution process has been initiated under Companies Act under the supervision of National Company Law Appellate Tribunal (NCLAT), in addition to various investigations and legal proceedings. The Company has filed its claim and also taken various measures including filing legal cases against specified parties at appropriate forum. The outcomes of legal matters are pending. Since these matters are pending at various stage of adjudication and considering the uncertainties, the Company is unable to quantify the impact of these investments. The Company has impaired the investment for the expected credit loss by " 7,500 lakhs till March 31, 2021. The Company has filed civil suit before Hon'ble Bombay High Court against the Promoter, directors, KMP of ITNL & others for compensation.
	ii. The Company has investments in 9% Yes Bank Perpetual Additional Tier I (AT-1) Bonds amounting to "30,000 Lakhs (face value) which was rated AA by the rating agencies. On March 06, 2020, the Central Government announced draft scheme of reconstruction of Yes Bank Ltd.
	(YBL), which inter alia included proposal for complete written down of AT-1 Bonds permanently. On March 13, 2020, the government notified the final scheme as YES Bank Reconstruction
	Scheme 2020. ("Final Reconstruction Scheme"). The Final Reconstruction Scheme had excluded
	the writing off AT-1 bonds and it carried clause that all contracts, deeds, bonds, etc., shall be
	effective to the extent and in the same manner, as was applicable before such commencement.
	However, on March 14, 2020, Yes Bank through Administrator informed the stock exchanges

63 moons technologies limited

Corporate Office: FT Tower, CTS No. 256 & 257, Suren Road, Chakala, Andheri (East), Mumbai 400 093, India. T: +91 22 66868010 I P: +91 22 66868050 I E: [email protected] I W: www.63moons.com

that the Perpetual Subordinated Basel Ill Compliant Additional Tier I Bonds issued by the Yes Bank for an amount of~ 8,415 crores need to be fully written down permanently and stand extinguished with immediate effect. Trustees of the issue and the Company have taken legal recourse to this action of the Yes bank. In the opinion of the Company, action of the Administrator of the Yes bank in writing down the bond is illegal and hopeful that the amount will be recovered fully once the matter is legally decided in appropriate courts.

1. For qualification referred in Sr. No. A 1 (b) above:
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, interalia, on the ground that the Company is the holding company of NSEL. These matters are pending before the Hon'ble 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 Hon'ble Bombay High Court.

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 trading platform. After investigation, EOW, Mumbai has presently filed various charge-sheets in the matter. The Company has been named in the charge sheet filed in December 2018. CBI has filed charge-sheets including against the Company for alleged loss caused to PEC Ltd. & MMTC Ltd on NSEL platform and the cases are pending for trial before respective Trial Courts.

c) CBI - EOW, has registered an FIR alleging conspiracy between the private persons and SEBI official for granting renewal of stock exchange license to MCX Stock Exchange Ltd. by SEBI. Also, CBI-EOW, has registered FIR alleging that certain officials of FMC, SEBI and other for giving illegal benefits to Multi Commodity Exchange of India Ltd. (MCX) and allowing MCX trading as commodity exchange. The investigation in both cases is pending.

63 moons technologies limited

Corporate Office: FT Tower, CTS No. 256 & 257, Suren Road, Chakala, Andheri (East), Mumbai 400 093, India. T: +91 22 66868010 I P: +91 22 66868050 I E: [email protected] I W: www.63moons.com

proceedings in the matter has been stayed by the Hon'ble High Court. The matter is pending for hearing before Hon'ble Bombay High Court.

ii. The Company had filed the Writ Petitions before the Bombay High Court challenging inter alia, the provisions of the MPID Act are violative of the Constitution and the validity of various notifications and corrigendum attaching the assets of the Company under the provisions of the MPID Act. The Hon'ble Bombay High Court pleased to quash and set aside the said impugned Notifications. The State of Maharashtra and NIAG have challenged the said Judgement before Hon'ble Supreme Court. Hon'ble Supreme Court has set aside the High Court order and held that all the notifications issued under MPID Act are valid.
ii. The Enforcement Directorate('ED') has attached certain assets of the Company under the provisions of the Prevention of Money Laundering Act, 2002(PMLA). The three Provisional Attachments Orders had been confirmed by the Adjudicating Authority. The Hon'ble Appellate Tribunal quashed the provisional attachment orders and imposed conditions with regard to the Company. The Company has filed the appeal before the Hon'ble Bombay High Court for the limited purpose for challenging the conditions put by the Hon'ble Appellate Tribunal. The Hon'ble Court was pleased to admit the appeal and clarified that the later part of the impugned order shall not govern the Company. ED has also filed cross appeal, which is tagged with the Company's 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.

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.

For qualification referred in Sr. No. A 2(a) above,

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. The management of the Company does not foresee that the parties who have filed Civil Suits against the Company will be able to sustain any claim against 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 Statement.

63 moons technologies limited

Corporate Office: FT Tower, CTS No. 256 & 257, Suren Road, Chakala, Andheri (East), Mumbai 400 093, India. T: +91 22 66868010 I P: +91 22 66868050 I E: [email protected] I W: www.63moons.com

	4. For qualification referred in Sr. No. A 2 (b) above: Majority in value of the trade and other receivables, loans and advances etc. are under litigation/subject to court orders. Where amount is doubtful for recovery, Company has either made provision or disclosed the reason for non-provisioning. Company is making full efforts for recovery of the amounts.
(ii)	Auditors' Comments:
	Quantificat ion is not possible.

For 63 moons technologies limited

Chairperson Audit Committee

----(5'"'"',-----G"-,"--,...___Q S Rajendr

Managing Director & CEO

Deve~ rawal Whole Time Director & CFO

Place: Mumbai Date: May 27, 2022

In terms of our Report issued under Regulation 33 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulation, 2015.

For Sharp & Tannan Associates Chartered Accountants (Fir~ n No. 109983W)

Pramod Bhise ' Partner (Membership No. (F) 047751)

63 moons technologies limited

Corporate Office: FT Tower, crs No. 256 & 257, Suren Road, Chakala, Andheri (East), Mumbai 400 093, India. T: +91 22 66868010 I P: +91 22 66868050 I E: [email protected] I W: www.63moons.com

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63 Moons Technologies Limited — Annual Report 2022

60264_rns_2022-05-27_52c6ae52-614b-4865-a94a-fbe07aadb1ef.pdf

Sub: Audited FinancialResults for theF.Y. 2021 -22

63 moons technologies limited Regd. Office: Shakti Towers-ll,J,4th Floor, 766, Anna Salai, Thousand Lights, Chennai - 600002. CIN - L29142TN1988PLC015586

A. STATEMENT OF STANDALONE AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2022

*Refer Note 16

Standalone Other Income consists of: (? In lakhs)

Standalone exceptional items consists of: (? In lakhs)

8. STATEMENT OF CONSOLIDATED AUDITED FINANCIAL RESULTS FOR THE QUARTER ANO YEAR ENDED MARCH 31, 2022

• Refer note 16

Statement of Consolidated Assets and Liabilities (~ in lakhs )

Consolidated Other Income consists of: (f In lakhs)

Consolidated Exceptional Item consists of: (f In lakhs)

Notes:

For 63 moons technologies limited

Sharp & Tan nan Associates

Chartered Accountants

Qualified opinion

Basis for qualified opinion

Emphasis of matter

M anagement's responsibilities for the standalone financial results

Auditor's responsibilities for the audit of the standalone financial results

Other matters

Sharp & Tan nan Associates

Chartered Accountants

Qualified Opinion

Basis for qualified opinion

Emphasis of matter

Management's responsibilities for the consolidated financial results

Auditor's responsibilities for the audit of the consolidated financial results

Other matters

t lakhs

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63m

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63 Moons Technologies Limited Annual Report 2022