A2Z Infra Engineering Limited

A2Z INFRA ENGINEERING LTD. CIN NO. L74999HR2002PLC034805

REE, No. : - A2ZINFRA/SE/2020-21/031

BY E-FILING

September 28, 2020

Phiroze Jeejeebhoy Towers Listing Department Rotuda Building, Dalal Street, Exchange Plaza, 5th Floor

BSE Limited National Stock Exchange of India Limited Mumbai-400 001 Plot No. C/1 G Block, Bandra Kurla Complex, Bandra (E), Mumbai-400051

Fax-022-22722039 Fax- 022-26598237/38

Subject: Outcome of Board Meeting held on Monday, September 28, 2020

Dear Sir/Madam,

This is to inform you that the members of the Board of Directors of A2Z Infra Engineering Itd. have, at its meeting duly held today, i.e. September 28, 2020, on the recommendations of the Audit Committee, have reviewed and approved the Unaudited Standalone & Consolidated Financial Results for the Quarter (Q1) ended June 30, 2020 along with the Limited review report issued by the Statutory Auditors.

A copy of the Statement of Unaudited Standalone and Consolidated Financial Results along with the Limited Review Report for the Quarter ended June 30, 2020, approved by the Board pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, is attached as Annexure - A. A copy thereof has also been sent for publication as per the requirements.

The said outcome and results have been uploaded on the website of the Stock Exchanges and on the website of the Company at www.a2zgroup.co.in.

This is for your information & records purpose.

Thanking you, Yours truly,

FOR A2Z INFRA ENGINEERING LTD.

(Atul y<h— Kumar Agarwal) i Gl ud = Company Secretary FY FCS-6453 ni

Regd Office : 0-116,First Floor,Shopping Mall,Arjun Marg,DLF City,Phase - 1,Gurugram-122002,Haryana (INDIA) Corporate Office : Plot No. B-38,Sector 32,|nstitutional Area,Gurugram - 122001,Haryana (INDIA), Tel : 0124-4517600,Fax:0124-4380014 Wehsite:www.oa?zoroun.co.in. E-mail: info@a?zemail.com

Walker Chandiok & Co LLP L 41, Connaught Circus, Outer Circle, New Delhi - 110 004 India

T +91 11.4278 7070 F +91 11.4278 7071

Independent Auditor's Review Report on Standalone Unaudited Quarterly Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)

To the Board of Directors of A2Z Infra Engineering Limited

1, We were engaged to review the accompanying statement of standalone unaudited financial results ('the Statement') of A2Z. Infra Engineering Limited ('the Company') for the quarter ended 30 June 2020, being subrnitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including relevant circulars issued by the SEBI from time to time.
i) The Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the accounting principles laid down in Indian Accounting Standard 34, Interim Financial Reporting ('Ind AS 34'), prescribed under Section 133 of the Companies Act, 2013 ('the Act'), and other accounting principles generally accepted in India. Our responsibility ts to express a conclusion on the Statement based on our review.
ww We have taken into account the requirements of Standard on Review Engagements (SRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. Because of the matters described in the Basis for Disclaimer of Conclusion paragraph, however, we were not able to obtain sufficient appropriate evidence to provide a basis for our conclusion on the Statement.

Basis for Disclaimer of Conclusion

a) As stated in note 8 to the accompanying Statement, the Company has incurred a net loss after tax Rs. 1,026.58 lakhs during the quarter ended 30 June 2020, and as of that date, the Company's accumulated losses amount to Rs. 73,651.17 lakhs, which have resulted in partial erosion of its net worth, and the current liabilities exceed current assets by Rs. 6,668.38 lakhs. Also, certain lenders have filed applications with the National Company Law Tribunal (NCLT), Debt Recovery Tribunal (ORT) and other courts for recovery of their dues as detailed in note 7 and 8. The Company has also delayed in repayment of borrowings and payment of dues payable to other lenders including delays with respect to dues payable under one-time settlement agreements, as further detailed in note 7. As confirmed by the management, the Company has been in discussions with the lenders regarding restructuring of these borrowings, the resolution for which is yet to be finalised. Further, the expected realisation of the amounts outstanding from certain customers, within the next 12 months, with whom the Company 1s in discussions is uncertain in the absence of any confirmations from such customers and potential impact of COVID-19. Such events and conditions, together with the business disruption caused by COVID-19 pandemic and the possible impact of the associated uncertainties on management's assumptions, as further described in note 9, and other matters as set forth in the note 8, cast significant doubt on the Company's ability to continue as a going concern. In the absence of sufficient appropriate audit evidence to support the manag assessment with respect to restructuring of borrowings and availability of funds, we are unable to gre ability of the Company to continue as a going

with limiled liability with identification

concern, Our audit report on the standalone financial results for the quarter and year ended 31 March 2020 also included a disclaimer of opinion in respect of this matter.

oe = As stated in note 6 aud 7 to the accompanying Statement, the Company has borrowings from certain banks which have been classified as non-performing assets (NPA borrowings') and those from certain other banks/ asset reconstruction company (together referred to as 'the Lenders'). 'he Company had entered into settlement agreements ('Settlement Agreements") with some of these Lenders for the aforesaid loans. As described in the said note, the Company has delayed payments in respect of the instalments due to these Lenders pursuant to the relevant loan agreements and Settlement Agreements. In respect of the aforementioned NPA borrowings and delayed payments under the Settlement Agreements, the Company has not recognised interest for the quarter ended and as at 30 June 2020 apgrepating to Rs. 686.11 lakhs and Rs. 3,272.56 lakhs respectively payable under the terms of the said agreements, as estimated by the management on the basis of expected re-negouialion with the Tenders.

Pending confirmations/ reconciliations from the Lenders and in the absence of sufficient appropriate evidence to substantiate management's assessment, we are unable to comment on the adjustments, if any, that may be required to the carrying values of the aforesaid borrowings and dues (including interest) payable to the Lenders in accordance with the terms of loan agreements and Settlement Agreement, and the consequential impact of such adjustments on the accompanying Statement. Our conclusion on the standalone financial results for the quarter ended 30 June 2019 was qualified and our audit report on the standalone financial results for the quarter and year ended 31 March 2020 also included a disclaimer of opinion in respect of this matter.

c) As stated in note 3 to the accompanying statement, the Company's non-current investment (net of impairment) in its associate company namely A2Z Green Waste Management Limited ("GWWM") and its other current financial assets (net of impairment) and its current financial assets-loan which include amounts dues from such associate company as on 30 June 2020, aggregate to Rs. 21,147.47 lakhs, Rs. 418.24 lakhs and Rs. 409.42 lakhs, respectively. The consolidated net worth of the aforesaid associate company as on that date has been fully eroded on account of losses incurred. Further, the associate company is facing liquidity constraints due to which it may not be able to mect the projections as per the approved business plans. Based upon the valuation report of an independent valuer, arbitration awarded in favor of GWM and other factors described in the aforementioned note, management has considered such balances as fully recoverable. However, in the absence of sufficient and appropriate audit evidence to support the management's assessment as above, we are unable to comment upon adjustments, if any, that may be required to the carrying value of these balances, and the consequential impact on the accompanying Statement. Our audit report on the standalone financial results for the quarter and year ended 31 March 2020 also included a disclaimer of opinion in respect of this matter.

Disclaimer of Conclusion

Because of the significance of the matters described in the Basis for Disclaimer of Conclusion paragraph, we have not been able to obtain sufficient appropriate evidence to provide a basis for our conclusion as to whether anything has come to our attention that causes us to believe that the accompanying Statement prepared in accordance with the accounting principles laid down in Ind AS 34 prescribed under Section 133 of the Act, and other accounting principles generally accepted in India, has not disclosed the information requited to be disclosed in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including the manner in which it is to be disclosed, or that it contains any material misstatement. Accordingly, we do not express our conclusion on the Statement.

Chariered Accountants

Emphasis of Matters

1. We draw attention to:
1. Note 2 (a) to the accompanying Statement, which describes the significant estimates and assumptions used by the management for determining recoverable amount of cogeneration power plants classified under property, plant and equipment and capital work-in-progress apgregating to Rs. 2,469.06 lakhs and Rs. 4,374.29 lakhs respectively as at 30 June 2020, with respect to the impairment assessment in accordance with the requirements of Ind AS 36, "Impairment of Assets". Basis such valuation, the management believes that no further adjustment is required to the carrying value of the aforcsaid cogeneration power plants.
1. Note 2(b) to the accompanying Statement, which describes the uncertainty relating to the outcome of litigation pertaining to income-tax matters pursuant to orders received by the Company against which management and the assessing authorities have filed appeals with relevant Income-tax Authorities. The final outcome of these matters is presently unascertainable.
it) Note 2(c) to the accompanying Statement, which describes the uncertainty relating to utilisation of input tax credit and levy of interest on service tax. Based on the terms of the contract with the customers/vendors and independent legal opinion, management believes that these amounts are recoverable from the customer including interest thereon and that the Company will be able to avail the input tax credit for aforementioned matter.

Other Matter

We did not review the interim financial information of four branches included in the Statement, where such interim financial information reflects total revenues of Rs. 1,028.05 lakhs, total net loss after tax of Rs. 215.55 lakhs and total comprehensive loss of Rs. 215.55 lakhs for the quarter ended on 30 June 2020, as considered in the Statement. Such interim financial information of the aforesaid branches has been reviewed by their respective branch auditors, whose reports have been furnished to us by the management.

Further, all branches are located outside India whose interim financial information have been prepared in accordance with accounting principles generally accepted in their respective countries and which have been reviewed by branch auditors under the generally accepted review standards specified in Annexure 1 to the Statement, as applicable in their respective countries. The Company's management has converted the financial information of such branches from accounting principles generally accepted in their respective countries to accounting principles generally accepted in India. We have reviewed these conversion adjustments made by the Company's management. This report, in so far as it relates to the balances and affairs of these branches, is based solely on the review report of such branch auditors and the conversion adjustments prepared by the management of the Company and reviewed by us.

For Walker Chandiok & Co LLP

Chartered Accountants Firm Regisfation No: 001076N/N500013

Manish Agrawal Partner Membership No. 507000 UDIN: 20507000A AAADM2448

Place: Ghaziabad Date: 28 September 2020

Chartered Accountants

Annexure 1
$.No	Name:	Country ofOperations	Name of auditing standardaee
1	LimitedEngineeringInfraA2Z.(Tanzania Branch)	Tanzania	International Standards on Review Engagements ee(ISRE) 2410
2	LimitedEngineeringInfraA27,(Nepal Branch)	Nepal	International Standards on Review Engagements Te(ISRE) 2410
3	LimitedEngineering A27Infraa(Uganda Branch)	Uganda	International Standards on Review Engagements —(ISRE) 2410
4	MaintenanceEnginceringA27.&Services Limited (Zambia Branch	Zambia	Standards on Review Engagements (SRE) 2410

	INFRAA2ZCIN NO. L74999HR2002PLC034805	ENGINEERING	LTD.		POWE Zsetting the nation"








		A2Z INFRA ENGINEERING LIMITED
	Statement of Unaudited Standalone Financial Results for the quarter ended June 30, 2020

			Quarter ended		(Amount in Rs. Lakhs)
S.No,	Particulars	June 30, 2020	March 31, 2020	June 30, 2019	Year endedMarch 31, 2020
		(Unaudited)	(Refer note 1)	(Unaudited)	(Audited)
I	Income
	Revenue from operationsOther income	2,280.21308.43	6,984.39283.13	11,273.65638.09	38,522.641,928.60
	Total income	2,588.64	7,267.52	11,911.74	40,451.24
2	Expenses
	Cost of matetial consumed	1,600.80	5,532.06	9,695.47	34,006.32
	Employee benefit expenses	176.01	342.73	570.75	1,750.24
		1,290.38	1,518.99	1,244.54	4,874.141,001.14
	Finance costs
	Depreciation and amortization expenses	116.69	253.89	252.10
	Other expensesTotal expenses	416.233,600.11	4476.2412,123.91	1,056.1712,819.03
3	(Loss) before exceptional items and tax	(1,011.47)	(4,856.39)	(907.29)

	Exceptional items —(loss)/gain (Refer note 5)(Loss)/profit before tax	-(1,011.47)	(24,381.56)(29,237.95)	8,037.837,130.54
	Current tax	0.12	(28.60)	388.91
	Defetted tax (net)	14,99	1,850.31	(375.20)
	(Loss) /profit for the petiod/year	(1,026.58)	(31,059.66)	7,116.83
	Other comprehensive income
	Items that will not be reclassified to profitand loss	28.46	9.31	(7.36)
8	Total other comprehensive income forthe period/year	28.46	9.31	(7.36)
9	Total comprehensive income for the	(998,12)	(31,050.35)	7,109.47	6,667.6048,299.44(7,848.20)(17,630.90)(25,479.10)3,606.00(29,088.70)31.0731.07(29,057.63)
10	petiod/yearPaid-up equity share capital (Face value of	17,611.99	17,611.99	17,611.99	17,611.99
	the share - Rs 10/- each)
ia	Other equity				18,383.11
12	(Loss) /larnings per equity share:(a) Basic	(0.58)	(17.64)	4.04	(16.52)

SIGNED FOR IDENTIFICATION PURPOSES

Corporate Office : Plot No. B-38,Sector 32, Institutional Area,Gurugram - 122001 ,Haryana {INDIA}, Tel : 0124-4517600,Fox:0124-4380014 Website:www.a2zgroup.co.in, E-mail : [email protected]

A2Z INFRA ENGINEERING LTD. Gq Az CIN NO. L74999HR2002PLC034805 Clr 27,

GROUP sth POWE Z ing the nation"

Notes:

The above standalone financial results for the quarter ended on June 30, 2020 have been reviewed by the Audit Committee and subsequently approved by the Board of Directors at their Board Mecting held on September 28, 2020 in terms of Provisions of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, The statutory auditors have issued a disclaimer of opinion in respect of the matters described in note 3, 6, 7 and note 8 in standalone financial results for the quarter ended June 30, 2020.

The figures for the quarters ended March 31, 2020 are the balancing figures between audited figures in respect of the full financial years ended March 31, 2020 and the unaudited published year to date figures upto December 31, 2019, being the end of the third quarter of the financial year which were subject to a limited review.

Basic and Diluted Earnings Per Share is not annualized for the quarters ended June 30, 2020, March 31, 2020 and June 30, 2019.

The standalone financial results have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 — Interim Financial Reporting, notified under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules 2015, as amended from time to time, and other accounting principles generally accepted in India.

1. The audicors in their review report have drawn attention to the following matters:
- a, The management has petformed an impairment assessment of three cogeneration power plants set up in collaboration with certain sugar mills on Build, Own, Operate and Transfer (BOOT) basis for a period of 15 years. As at June 30, 2020, such plants have a power generation capacity of 15 MW each,

'The Company has entered into arbitration proceedings with the sugar mills for the extension of the concession period, Further, the Company has filed a writ petition in the Hon'ble High court of Punjab and Haryana for approval for conversion of power plants to waste to energy (RDF) based power plants and relocation of such powet plants adjacent to RDF based facilities. During the previous year, certain disputes arose with sugar mills in respect of cogeneration power plants accordingly the management of the Company decided to shift these power plants to other locations for which writ petition has already been filed. Accordingly, the management carried out an impairment assessment and has recorded an impairment of Rs. 29,536.28 lakhs in carrying value of these assets as at Match 31, 2020, The management believes that the recoverable amount of these power plants ate reasonable and no further material adjustments to the carrying value of these plants are necessary.

Out of the aforementioned impairment as at March 31, 2020 Rs. 22,413.72 lakhs pertain to, two power plants, which were yet to be capitalised and Rs, 7,122.56 lakhs are for power plant which has already been capitalised.

The recoverable amount of cogeneration power plants classified under property, plant and equipment and capital work-in- progress aggregates to Rs, 2,469.06 lakhs and Rs. 4,374.29 lakhs respectively as at June 30, 2020, The recoverable amount of all three cogeneration power plants is based on asset approach and determined at the level of the Cash Generating Unit (CGU).

b. The Income tax authorities conducted a search and survey at certain premises of the Company under section 132 and 133 of the Income Tax Act, 1961 in April 2012. During the year ended March 31, 2015, the Company teceived the assessment otdets fot the assessment years 2009-10 to 2013-14 from the Deputy Commissioner of Income Tax (DCIT) demanding additional tax liability of Rs, 1,992.17 lakhs. During the year ended March 31, 2015 the Company had filed appeals with Commissioner of Income 'Tax (CTT) (Appeals) challenging these orders against which the said authority had granted partial relief to the Company. 'The Company has further filed appeals with Income 'Tax Appellate 'Tribunal (ITAT) challenging the orders for these assessment years in respect of the matters, where the CIT(A) has not accepted the Company's contention, Additionally, the DCIT has also filed appeals with the [TAT against the matters where the telief has been given to the Company.

Further, during the year ended March 31, 2018, the Company had received penalty orders for the Assessment year 2009-10 to 2013-14 from DCIT and for the Assessment year 2008-09 from CIT demanding additional tax liability of Rs. 1,277.64 lakhs against which the CTT (Appeals) had not granted relief to the Company.

During the year ended March 31, 2019, the Company has received orders from Cl agercpating Rs. 477.71 lakhs out of the aforementioned and upholding the rest. Tl

JCfe SIGNED FOR AR = <éjd Office : 0-1 16.Fisf DEN THIRICATION, pi: Cin.Phong ural PROOBSr oe (INDIA) K fice : Plot No. B-38, Sector 32 pt RPOSES:vsam - 122001,Haryana (INDIA), Tel > 0124-4517600,Fax:0124-4380014 Website:www.a2zgroup.co.in, E-mail : [email protected] : XS Corporee

wt POWE ® ing the nation"

challenging the penalty orders for these assessment years in respect of the matters where the CITA) has not accepted the Company's contention.

Based on their assessment and upon consideration of advice from the independent legal counsel, the management believes that the Company has reasonable chances of succecding before the ITT and does not foresee any material liability. Pending the final decision on the matter, no further adjustment has been made in the standalone financial resules.

a During the financial year ended March 31, 2017, the Company based on the legal advice filed an application for advance ruling with the Advance Ruling Authorities ('the Authority') regarding applicability of service tax in respect of one of the projects undertaken by them. During the year ended March 31, 2018, the Company received response to its application wherein the Authority opined that entire project is covered within the ambit of the service tax, Accordingly, the Company has recognized the service tax liability and based on the contractual terms which stipulates that any taxes shall be borne by the customer, has also recognized amount recoverable from customer of an equivalent amount. Further, the management believes that the interest, if any, on the delayed deposit of the aforementioned service tax liability is currently unascertainable and shall be reimbursed by the customer, The Company has made submissions with the customer in this regard. Additionally, based on the independent legal advice, the Company believes that the input tax credit in respect of the aforementioned project shall be adjustable against the liability considering the entite project has now been clarified to be covered under the service tax ambit. Accordingly, no further adjustments to the books of account are considered necessary.
1. The Company, as at June 30, 2020, has non-current investments (net of impaitment) amounting to Rs. 21,147.47 lakhs, other current financial assets (net of impairment) amounting to Rs. 418.24 lakhs and current financial assets-loan amounting to Rs. 409.42 lakhs in its associate company A2Z Green Waste Management Limited (AGWML') which has holding in various SPVs under its fold (hereinafter A2Z Green Waste Management Limited together with its subsicliaries is referred to as A2Z Green Waste Management Group). While A2Z Green Waste Management Group has incurred losses during its initial years and consolidated net-worth as at June 30, 2020 has been completely eroded, the underlying projects are expected to achieve adequate profitability on substantial completion. Based on internal assessment and valuation report from an independent valuer, the recoverable amount from the underlying investments /assets is higher than the net worth of A2Z Green Waste Management Group. There are assumptions and estimates used in such future projections such as discount rate, long term growth rate, arbitration claims etc. which management believes are appropriate. Therefore, the management believes that the realisable amount from the aforementioned associate company and its subsidiaries is higher than the cartying value of the non-current investments (net of impairment), other current financial assets (net of impairment) and current financial assets-loans due to which these ate considered as good and recoverable.

SIGNED FOR . a D E N Tl Fl Cc ATI O N (This shace has beer intentionally left blank) PURPOSES

Regd Office : 0-116,First Floor,Shopping Mall,Arjun Marg,DLF City,Phase - 1,Gurugram-122002,Haryana (INDIA) Corporate Office : Plot No. B-38,Sector 32, Institutional Area,Gurugram - 122001,Haryana (INDIA), Tel : 0124-4517600,Fax:0124-4380014 Website:www.a2zgroup.co.in, E-mail : [email protected]

wtt POWE ® ing the nation" 4) The Company has reported segment information as per Indian Accounting Standard 108 'Operating Segments' (Ind AS 108). 'The Company is operating into following segments — (i) Engineering Service (E which primarily includes tracing of goods and operation and maintenance services etc, S), Gi) Power generation projects (PGP) and (iii) Others

A2ZINFRA	ENGINEERING
CIN NO. L74999HR2002PLC034805		LTD.

4)				wtt POWE ® ing the nation"
The Company has reported segment information as per Indian Accounting Standard 108 'Operating Segments' (Ind AS 108). 'TheCompany is operating into following segments — (i) Engineering Service (E		S), Gi) Power generation projects (PGP) and (iii) Others
which primarily includes tracing of goods and operation and maintenance services etc,
Standalone segment wise revenue, results, assets and liabilities for the quarter ended June 30, 2020
				(Amount in Rs. Lakhs)
Particulars	June 30, 2020	Quarter ended		Year ended
	(Unaudited)	March 31, 2020(Refer note 1)	June 30, 2019 March 31, 2020(Unaudited)	(Audited)
1, Segment revenue
(a) Segment — ES	2,280.21	6,869.20	10,888.06	37,871.39
(b) Segment — PGP	-	121.93		241.00
(c) Segment — Others	=	(6.74)	385.59	410.25
Total	2,280.21	6,984.39	11,273.65	38,522.64
Less: Inter segment revenue	-		-
Revenue from operations	2,280.21	6,984.39	11,273.65	38,522.64
2. Segment results (loss) / profit before tax and interest
from each segment](a) Segment — ES	155.93	(3,260.41)
(b) Segment — PGP	(161.33)	(374.79)	268.55(305,04)	(2,813.48)(1,358.52)
(c) Segment — Others	(2.57)	(10.87)
Total	(7.97)	(3,646.07)	100.2663.77	18.79(4,153.21)
Less: Inter segment results	-	-	-
Net segment results	(7.97)	(3,646.07)	63,77	(4,153.21)
Add: Interest income	285.56	305.76	273.48	1,176.24
Less:
(i)Interest expenseiced unallocable expenditure net of unallocable	1,198.22	1,402.83	1,123.17	4,404.76
	90.84	113.25	121.37	466.47
(Loss) after exceptional item and before taxExceptional pain/ (loss)	(1,011.47)	(4,856.39)	(907.29)	(7,848.20)
(a) Segment — ES
(b) Segment — PGP	-	(7,394.93)		(7,394.93)
(c) Unallocable items	-	(14,996.81)(1,989.82)	-8,037.83	(14,996.81)
				4,760.84
(Loss)/ profit after exceptional item and before taxLess: Tax expense	(1,011.47)	(29,237.95)	7,130.54	(25,479.10)
@)Current tax	0.12	(28.60)	388,91
(ii) Deferred tax (net)	14.99	1,850.31	(375.20)	3.603,606.00
(Loss) / profit for the year	(1,026.58)	(31,059.66)	7,116.83	(29,088.70)

SIGNED FOR


IDENTIFICATION
PURPOSES

SIGNED FOR IDENTIFICATION PURPOSES

Website:www.a2zgroup.co.in, E-mail : [email protected] Corporate Office : Plot No. B-38,Sector 32,Institutional Area Gurugram - 122001,Haryana (INDIA), Tel : 0124-451 7600,Fax:0124-4380014

A2ZINFRA	ENGINEERING	LTD.
CIN NO. L74999HR2002PLC034805
				OWEDvetittug the nation"
Standalone segment wise revenue, results, assets and liabilities for the quarter ended June 30, 2020 (Cont'd)

		Quarter ended		(Amount in Rs. Lakhs)Year ended
Particulars	June 30, 2020	Match 31, 2020	June 30, 2019	March 31, 2020
	(Unaudited)	(Refer note 1)	(Unaudited)	(Audited)
3. Segment assets
(a) Segment — ES	111,588.63	112,674.74	121,461.11	112,674.74
(b) Segment — PGP	8,048.70	8,242.25	23,813.77	8,242.25
(c) Segment — Others(dy Castlocaed	3,699.40	3,694.22	1,784.55	3,694.22
	37,010.57	37,656.75	41,034.01	37,656.75
Total Assets4, Segment liabilities	160,347.30	162,267.96
			188,093.44	162,267.96
(a) Segment ~ ES	77,787.73
(b) Segment — PGP	183.68	80,986.49	88,330.00	80,986.49
(c) Segment — Others	6,550.07	183.686,554.36	128.1545.86	183.686,554.36
(d) Unallocated	40,791.07	38,548.33	27,619.31	38,548.33
Total Liabilities	125,312.55	126,272.86	116,123.32	126,272.86

Following exceptional items (net) have been recorded:5)
		Quarter ended		(Amount in Rs, Lakhs)Year ended
Particulars	June 30, 2020		March 31, 2020 June 30, 2019 March 31, 2020
	(Unaudited)	(Refer Note 1) (Unaudited)		(Audited)
One time settlement with banks and financial institutions	-		EsoM de	8,639.32
Liabilities written back		2,404.09	:	2M?
Exceptional gain (A)Impact of fair valuation of derivative liability on subsequent	=	2,404.09	8,639.32	11,043.41
remeasurement	-	335.43	601.49	2,224.09
Contract revenue in excess of billing written off	-	agtakenll		1,326.90
Capital assets impaired/written off	:	Le aotnt		isan
Investment provision/written offTrade receivable written off	-	1,654.39	°	1,654.39
Exceptional loss (B)	-	84721226,785.65	-601.49	8,472.1228,674.31

		Quarter ended		Year ended
Particulars	June 30, 2020			March 31, 2020 June 30, 2019 March 31, 2020
	(Unaudited)	(Refer Note 1) (Unaudited)		(Audited)
One time settlement with banks and financial institutions	-		EsoM de	8,639.32
Liabilities written back		2,404.09		2M?
Exceptional gain (A)	=	2,404.09	:8,639.32	11,043.41
Impact of fair valuation of derivative liability on subsequentremeasurement	-	335.43	601.49	2,224.09
Contract revenue in excess of billing written off	-	agtakenll		1,326.90
Capital assets impaired/written off	:	Le aotnt		isan
Investment provision/written off		1,654.39		1,654.39
Trade receivable written off	-	847212	°	8,472.12
Exceptional loss (B)	-	26,785.65	-601.49	28,674.31
Net exceptional (loss) / gain (A-B)	-	(24,381.56)	8,037.83	(17,630.90)

The loan accounts of the Company have been classified as non- performing assets by certain banks and they have not char on the said accounts and also the Company has not charg ged interest c ed interest on borrowings from certain banks/ asset reconstruction company which had entered into Settlement agreement(s), therefore provision for interest has not been made in the books of accounts and to that extent interest costs and loan liabilities have been understated. The extent of exact amount is under determination and reconciliation with the bank, however as per the details available, the amount of unaccrued interest, on approximate basis, on the said loans (other than the borrowings of few banks which are regular) amounts to Rs. 686.11 lakhs and 2020 and as at June 30, 2020 respectively (Rs. 570.53 lakhs and Rs. 1,809.46 la respectively and Rs. 2,586.45 lakhs as at March 31, 2 ays d reconstruction company for settlement of their dues. 020). The Company _is

Regd Office : 0- SIGNED. FOR ai acu Marg, DLF City, Phase PU RPOSES22:9°0up.co.in, E-mail : [email protected] Pica et 7 "y- a *iGurogran®¥£2002,Horyana Ne ay <i \ aryana (INDIA), Tel : 0124-4517600,Fax:07L9C938001 4 Corporate Office : Plot No. PEST HEIGATPAIONe Gougram - 1220034

CIN NO. L74999HR2002PLC034805

The Company had entered into Setdement agreements) CAgreements') with certain banks/assets reconstruction company ('the Jenders') during the years/period ended March 31, 2018, March 31, 2019 and June 30, 2019 wherein it had settled the outstanding borrowings BSD) by issue of equity quity shares, > upfranr payments ' and deferred instalments. As at June 30) > 2020, > the Company has delayed y ; payments in respect of the certain deferred instalments amounting Rs 12,360.13 lakhs which were due and pavable pursuant to these Agreements. § So far, > the Lenders have not B given any written notice on event of default as pet the agreements 8 and the mana ement is in g discussions with the Lenders to condone the aforementioned delays.

Further, certain Lenders have filed an application with Debt Recovery 'Tribunal and other judicial authorities for recovery of its dues as they existed prior to the settlement agreement entered with it in earlier period. However, basis the agreed terms/discussions, management believes that no additional liability shall devolve on the Company in addition to the carrying value of such liability as at June 30, 2020. The Company is in the process of negotiations/ reconciliations of its outstanding obligations carried in these standalone financial results.

Pursuant to the above discussions with the lenders, management Oo is confident that no material impact will devolve on the Company 2 in respect of aforementioned delays.

1. The Company has incurred a loss for the period of Rs. 1,026.58 lakhs during the quarter ended June 30, 2020 and accumulated losses amounting Rs, 73,651.17 lakhs as at June 30, 2020 and is presently facing acute liquidity problems on account of delayed realization of trade receivables coupled with delays in commencement of commercial production at its biomass-based power generation plants. Also, one of the bank has filed an application with the National Company Law 'I'ribunal (NCLT) for recovery of its dues amounting to Rs, 717.27 lakhs and the matter has not been admitted yet with the NCLT and the management is in discussion with the said lender for amicably settling the matter. Further, during the previous year, because of delays in required extension of performance security, one of the customers has invoked the bank guarantee submitted by the Company amounting to Rs. 6,500.00 lakhs and converted into cash secutity as a fixed deposit and used it as security margin for providing a limit of Letter of Credit to facilitate timely payments to vendors for ensuring early completion of the project. The Company has also delayed in repayments due to certain lenders as further detailed in note 7, Conditions explained above, indicate existence of uncertainties that may cast significant doubt on the Company's ability to continue as a going concern due to which the Company may not be able to realise its assets and discharge its liabilities in the normal course of business. However, the management is evaluating vatious options and has entered into one-time settlement agreements with various lenders (as described in note 7), including interest and other related terms and conditions apart from further negotiating the terms with the remaining lenders for settlement of its existing debt obligations. Further the management is in discussions with certain customers for an immediate recovery of the amount due from them and believes that the substantial portion of such trade receivables shall be realized within the upcoming year. Management believes that the Company will be able to settle its remaining debts in the due course and in view of the propased settlement of debt obligations together with the expected increased realisation from the trade receivables, a new facility from a lender and expected start of commercial production of the biomass-based power generation plants, no adjustments are required in the standalone financial result and accordingly, these have been prepared on a going concern basis. Regd Office : 0-116,First Floor,Shopping Mall,Arjun Marg,DLF City,Phase - 1,Gurugram-122002,Haryana (INDIA)
- 1. Asa result of the nationwide lockdown imposed by the Government of India due to outbreak of COVID-19 pandemic, the business operations of the Company were temporarily disrupted for most part of the current quatter. Since then, the operations have been gradually resuming in line with the Government of India directives issued in this regard. The management has considered the possible effects that may result from the pandemic on the liquidity position, recoverability/carrying value of its trade receivables, business and other advances and investments as at June 30, 2020. The impact of COVID-19 on the Company's standalone financial results in future may differ from that estimated as at the date of approval of these standalone financial results.
- 1. Subsequent to quarter ended June 30, 2020, the Company in its Board meeting held on July 30, 2020 passed the resolution regarding apptoval of closure of Zambia foreign branch office of the Company.
- M1) As per Regulation 33° of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 read with SEBI/HO/CED/CMD1/CIR/P/2020/ 140 dated July 29, 2020, the Company had delayed in submission of standalone financial results for the quarter ended June 30, 2020 which was required to be submitted to the stock exchanges by September 15, 2020, due to continued lockdown and restrictions on movements in various states where projects of the Company are going on and non-availability of some of the staff of the Company residing in the NCR region due to containment zones. Further, due to c¢ unplete lockdown in Nepal, Company was not been able to get all the details relating to its foreign branch office in Nepal for the purpose of preparation of standalone financials results within the specified period.

Corporate Office : Plot No. B-38,Sector 32,Institutional Area,Gurugram - 122001,Haryana (INDIA), Tel : 0124-4517600,Fax:0124-4380014 Website:www.a2zgroup.co.in, E-mail : [email protected]

A2Z INFRA ENGINEERING LTD. CIN NO. L74999HR2002PLC034805

1. Subsequent to the quarter ended June 30, 2020, the Company has received an order from Telesonic Network Limited (an Airtel group company) for an aggregate amount of Rs. 10,400.00 lakhs for work to be carried out at various circles including obtain permission from applicable authority.
1. Previous petiod figures have been re-grouped/reclassified wherever necessary 10 correspond with those of the current period's classification,

Place: Gurugram Date: September 28, 2020

SIGNED FOR IDENTIFICATION PURPOSES

For and on behalf of A2Z Infra Engineering Limited

Rajesh Jain Whole Time Director and Chief Executive Officer DIN: 07015027

Regd Office : 0-116,First Floor, Shopping Mall,Arjun Marg,DLF City,Phase - 1,Gurugram-122002,Haryana (INDIA) Corporate Office : Plot No. B-38,Sector 32, Institutional Area,Gurugram - 122001,Haryana (INDIA), Tel : 0124-4517600,Fax:0124-4380014 Website:www.a2zgroup.co.in, E-mail : [email protected]

Walker Chandiok & Co LLP L 41, Connaught Circus, Outer Circle, New Delhi - 110 001 India

T #91 11 4278 7070 F +91 11 4278 7071

Independent Auditor's Review Report on Consolidated Unaudited Quarterly Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)

To the Board of Directors of A2Z Infra Engineering Limited

1. We were engaged to review the accompanying statement of unaudited consolidated financial results ('the Statement') of A2Z Infra Engineering Limited ('the Holding Company') and its subsidiaries (the Holding Company and its subsidiaries together referred to as 'the Group') and its associates (refer Annexure 1 to the Statement for the list of subsidiaries and associates included in the Statement) for the quarter ended 30 June 2020, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including relevant circulars issued by the SEB] from time to tume.
1. This Statement, which is the responsibility of the Holding Company's management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the accounting principles laid down in Indian Accounting Standard 34, Interim Financial Reporting ('Ind AS 34'), prescribed under section 133 of the Companies Act, 2013 ('the Act'), and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
1. We have taken into account the requirements of Standard on Review Engagements (SRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. Because of the matters described in the Basis for Disclaimer of Conclusion paragraph, however, we were not able to obtain sufficient appropriate evidence to provide a basis for our conclusion on the Statement.

We also performed procedures in accordance with SEBI Circular CIR/CFD/CMD1/44/2019 dated 29 March 2019, issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), to the extent applicable.

Chartered

Accountants Walker Chandiok & Co LLP 'tscecisloed is with limited liability with identification 110001, India

Offices in Bengaluru, Chandigarh, Chennai, Gurugram, Hyderobad, Kochi, Kolkata, Mumbai, New Delt, Noida and Pune number AAC-2085 and its registered office atL-41 Connaught Circus, New Delhi,

Independent Anditor's Review Report on Consolidated Unaudited Quarterly Financial Results of the Company Pursuant to the Regulation 33 of the SEB (Listing Obligations and Disclosure Requirements) Regulations, 2045 (as amended) (cont'd)

Basis for Disclaimer of Conclusion

i. a) As stated in note 8 to the accompanying Statement, the Holding Company has incurred a net loss after tax of Rs. 1,026.58 lakhs during the quarter ended 30 June 2020, and as of that date, the Holding Company's accumulated losses amount to Rs. 73,651.17 lakhs, which have resulted in partial erosion of its net worth, and the current liabilities exceed current assets by Rs. 6,668.38 lakhs. Also, certain lenders have filed applications with the National Company Law 'Tribunal (NCLT), Debt Recovery Tribunal (DRT) and other courts for recovery of their dues as detailed in note 7 and 8. The Holding Company has also delayed in repayment of borrowings and payment of dues payable to other lenders including delays with respect to dues payable under one-time settlement agreements, as further detailed in note 7. As confirmed by the tnanagement, the Holding Company has been in discussions with the lenders regarding restructuring of these borrowings, the resolution for which is yet to be finalised. Further, the expected realisation of the amounts outstanding from certain customers, within the next 12 months, with whom the Holding Company is in discussions is uncertain in the absence of any confirmations from such customers and potential impact of COVID-19, Such events and conditions, together with the business disruption caused by COVID-19 pandemic and the possible impact of the associated uncertainties on management's assumptions, as further described in note 9, and other matters as set forth in the note 8, cast significant doubt on the Holding Company's ability to continue as a going concern. In the absence of sufficient appropriate audit evidence to support the management's assessment with respect to restructuring of borrowings and availability of funds, we are unable to comment on the ability of the Holding Company to continue as a going concern. Our audit report on the consolidated financial results for the quarter and year ended 31 March 2020 also included a disclaimer of opinion in respect of this matter. '
- b) As stated in note 6 and 7 to the accompanying Statement, the Holding Company has borrowings from certain banks which have been classified as non-performing assets (NPA borrowings') and those from certain other banks/ asset reconstruction company (together referred to as 'the Lenders'). The Holding Company had entered into settlement agreements ("Settlement Agreements") with some of these Lenders for the aforesaid loans. As described in the said note, the Holding Company has delayed payments in respect of the instalments due to these Lenders pursuant to the relevant loan agteements and Settlement Agreements. In respect of the aforementioned NPA borrowings and delayed payments under the Settlement Agreements, the Holding Company has not recognised interest for the quatter ended and as at 30 June 2020 agerepating to Rs. 686.11 lakhs and Rs. 3,272.56 lakhs respectively payable under the terms of the said agreements, as estimated by the management on the basis of expected renegotiation with the Lenders.

Pending confirmations/ reconciliations from the Lenders and in the absence of sufficient appropriate evidence to substantiate management's assessment, we are unable to comment on the adjustments, if any, that may be required to the carrying values of the aforesaid borrowings and dues (including interest) payable to the Lenders in accordance with the terms of loan agreements and Settlement Agreement, and the consequential impact of such adjustments on the accompanying Statement. Our conclusion on the consolidated financial results for the quarter ended 30 June 2019 was qualified and our audit report on the consolidated financial results for the quarter and year ended 31 March 2020 also included a disclaimer of opinion in respect of this matter.

c) As stated in note 3 to the accompanying statement, the Holding Company's non-current investment (net of impairment) in its associate company namely A2Z, Green Waste Management Limited ("GWM") and its other current financial assets (net of impairment) and its current financial assets-loan which include amounts dues from such associate company as on 30 June 2020, aggregate to Rs. 21,147.47 lakhs, Rs. 418.24 lakhs and Rs. 409.42 lakhs, respectively. The consolidated net worth of the aforesaid associate company as on that date has been fully eroded on account of losses incurred. Further, the associate company is facing liquidity constraints due to which it may not be able to meet the projections as per the approved business plans. Based upon the jon report of an independent valuer, arbitration awarded in favor of GWM and other factg in the aforementioned note, management has considered such balances as fully recover © n the absence of sufficient and appropriate s

Chartered Accountants

audit evidence to support the management's assessment as above, we ate unable to comment upon adjustments, if any, that may be required to the carrying value of these balances, and the consequential impact on the accompanying Statement. Our audit report on the consolidated financial results for the quarter and year ended 31 Match 2020 also included a disclaimer of opinion in respect of this matter.

Disclaimer of Conclusion

wn Because of the significance of the matters described in the Basis for Disclaimer of Conclusion paragraph, we have not been able to obtain sufficient appropriate evidence to provide a basis for our conclusion as to whether anything has come to our attention that causes us to believe that the accompanying Statement prepared in accordance with the accounting principles laid down in Ind AS 34 prescribed under Section 133of the Act, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including the mannet in which it is to be disclosed, or that it contains any material misstatement. Accordingly, we do not express our conchision on the Statement.

Emphasis of Matters

1. We draw attention to:
- Note 2(a) to the accompanying Statement, which describes the significant estimates and assumptions used by the management for determining recoverable amount of cogeneration power plants classified under property, plant and equipment and capital work-in-progress aggregating to Rs. 2,469.06 lakhs and Rs. 4,374.29 lakhs respectively as at 30 June 2020, with respect to the impairment assessment in accordance with the requirements of Ind AS 36, "Impairment of Assets". Basis such valuation, the management believes that no further adjustment is required to the carrying value of the aforesaid cogeneration power plants.
Note 2(b) to the accompanying Statement, which describes the uncertainty relating to the outcome of litigation pertaining to income-tax matters pursuant to orders reccived by the Holding Company against which management and the assessing authorities have filed appeals with relevant Income-tax Authorities. The final outcome of these matters is presently unascertainable.
Note 2(c) to the accompanying Statement, which describes the uncertainty relating to utilisation of input tax credit and levy of interest on service tax. Based on the terms of the contract with the customers /vendors and independent legal opinion, management believes that these amounts are recoverable from the customer including interest thereon and that the Holding Company will be able to avail the input tax credit for aforementioned matter.

Other Matter

We did not review the interim financial information of 12 subsidiaries included in the Statement and + branches included in the unaudited interim standalone financial results of the entities included in the Group, whose financial information reflects total revenues of Rs. 5,988.36 lakhs, total net loss after tax of Rs. 319.19 lakhs, total comprehensive loss of Rs. 319.19 lakhs for the quarter ended on 30 June 2020 as considered in the Statement. The Statement also includes the Group's share of net loss after tax of Rs. 296.02 lakhs and total comprehensive loss of Rs. 296.02 lakhs for the quarter ended on 30 June 2020, as considered in the Statement, in respect of 18 associates, whose interim financial information have not been reviewed by us. This interim financial information has been reviewed by other auditors and branch auditors whose review reports have been furnished to us by the management. This report, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, associate and branches is based solely on the review reports of such other auditors ; 5 performed by us as stated in paragraph 3 above. SY sh auditors and the procedures Le

Chartered Accountants

Further, all branches referred above are located outside India, whose interim financial information have been prepared in accordance with accounting principles generally accepted in their respective countrics and which have been reviewed by their respective branch auditors under the generally accepted review standards, as specified in Annexure 2 to the Statement. The Holding Company's management has converted the financial information of such branches from accounting principles generally accepted in their respective countries to accounting principles generally accepted in India. We had reviewed these conversion adjustments made by the Holding Company's management. 'I'his report, in so far as it relates to the balances and affairs of these branches, is based solely on the review report of such branch auditors and the conversion adjustments prepared by the management of the Holding Company and reviewed by us.

For Walker Chandiok & Co LLP Chartered Accountants Firm Registration No: 001076N/N500013

Manish Agrawal Partner Membership No. 507000 UDIN : 20507000AAAADL8689

Place: Ghaziabad Date: 28 September 2020

Annexure 1

List of entities included in the Statement

Annexure 1List of entities included in the StatementNameS.No.—Relation 2A2Z. Infra aservices Limited4 "Subsidiary1 Aaz Powercom Limited_Subsidiary3A2Z Powertech LimitedSubsidiary :" BeMansi isi Bijlee & Rice Mills J LimitedSubsidiarytis4: 5 - ; 'Subsidiary —Magic Genie Services Limited-;:6Chavan in Rishi International LimitedSubsidiary — ~ A2Z Maintenance & ¢ Engineering Services Limi Limited andSubsidiary OS7Satya Builders (Association of person)-A2Z Infraservices Lanka Private LimitedSubsidiary8(formerly SubsidiaryEcogreenEnvirotechLimitedSolutions79—aknown as A2Z Waste Management (Ioni) Limited) _aA2Z, Waste Management (Aligarh) Limited10July 2019-A2Z, Waste Bats penevu 201 a mein ioe Seas1(Ludhiana) LimitedMagic Genie Smartech Solutions Limitedvale 20k12A2Z, Green Waste Management LimitedAssociate13 A2Z Waste Management (Nainital) Private Limited Associate14A2Z Waste Management (Motadabad) LimitedAssociate15A2Z Waste Management (Mecrut) LimitedAssociate16A2Z, Waste Management (Varanasi) LimitedAssociate17A2Z Waste Management (Jaunpur) LimitedAssociate18A2Z Waste Management (Badaun) LimitedAssociate19A2Z Waste Management (Sambhal) LimitedAssociateA2Z Waste Management (Mirzapur) LimitedAssociate21A2Z Waste Management (Balia) LimitedAssociate22A2Z Waste Management (Fatehpur) LimitedAssociateA2Z Waste Management (Ranchi) LimitedAssociateA2Z Waste Management (Dhanbad) Private Limited Associate25AssociateShree Balaji Pottery Private Limited Shree Hari Om Utensils Private LimitedAssociate27A2Z Waste Management (Jaipur) LimitedAssociate28A2Z Waste Management (Ahmedabad) LimitedAssociate29 EnvironmentManagementEarthPrivate AssociateServicesLimited














		subsdiaty' with tise Eeptts 16

		with effect from 16

		7





	20


	23
	24

	26



	30

Annexure 2

	Walker Chandiok & Co LLP
CompanyAnnexure 2	Regulation33tothePursuantRequirements) Regulations, 2015 (as amended) (cont'd)	SEBIoftheCountry	Independent Auditor's Review Report on Consolidated Unaudited Quarterly Financial Results of theDisclosureObligationsand(Listingof Name of auditing standard
S.No	Name-	Operations	ae
1	Engineering LimitedInfraA2Z,	Tanzania	Reviewon
2—			StandardsInternational _ Engagements (ISRE) 2410
	—_ (Tanzania Branch)EngineeringLimitedInfraA27.	Nepal	ReviewonStandardsInternational:Engagements (ISR F) 2410
3	(Nepal Branch)Engineering LimitedA27,Infra Uganda Branch)	Uganda-	ReviewonStandardsInternational_Fingagements (ISRE) 2410Engagetnents ReviewStandardson

A2Z INFRA ENGINEERING LIMITED

	A2ZINFRA ENGINEERINGCiN NO. L74999HR2002PLC034805		LTD.














					OWEset
		A2Z INFRA ENGINEERING LIMITED
	Statement of Unaudited Consolidated Financial Results for the quarter ended June 30, 2020


					(Amount in Rs. Lakhs)
			Quarter ended		Year ended
S. No.	Particulars	June 30, 2020	March 31, 2020	June 30, 2019	March 31, 2020
		(Unaudited)	(Refer note 1)	(Unaudited)
1	Income				(Audited)
	Revenue from operations	7,240.52	13,703.50	18,800.27
	Other income	490.49	540.28	752.44
	Total income	7,731.01	14,243.78	19,552.71
2	Expenses
	Cost of material consumedChanges in inventories of Finished goods,	2,930.08	7,721.00	11,156.79
			(32.89)	-
	Stock -in- trade and Work- in- progress		4,061.34	5,946.77
	Employee benefit expenses	3,223.78
	Finance costs	1,600.30	1,807.25	1,530.60
	Depreciation and amortization expenses	215.89	355.48	321.01
	Other expenses	756.23	5,356.56	1,312.46
	Total expenses	8,726.28	19,268.74	20,267.63
3	(Loss) before exceptional items, share ofnet (loss) of investments accounted for	(995.27)	(5,024.96)	(714.92)
	using equity method and tax
4	Share of net (loss) of investments accountedfor using equity method	(296.02)	(281.43)	(306.57)
5	(Loss) before exceptional items and tax	(1,291.29)	(5,306.39)	(1,021.49)
6	Exceptional items — (loss)/ gain (Refer note	-	(22,219.86)	8,037.83
7	5)(Loss)/ profit before tax	(1,291.29)
	Current tax	46,23	(27,526.25)(63,82)	7,016.34479.05
	Deferred tax	78.17	1,830.62	(289.26)
8	(Loss) / profit for the period/year	(1,415.69)	(29,293.05)	6,826.55
9	Othet comprehensive income
	Items that will not be reclassified to profit	28.46	129.23	(7.36)
10	and lossTotal other comprehensive income for	28.46	129.23	(7.36)
11	the petiod/yeat (net of tax)Total Comprehensive Income for the	(1,387.23)	(29,163.82)	6,819.19

Website:www.a2zgroup.co.in, E-mail : [email protected]

A2Z INFRA ENGINEERING LTD. CIN NO. L74999HR2002PLC034805

	Statement of Unaudited Consolidated Financial Results for the quarter ended June 30, 2020(Cont'd)				GROUPvetit POWESZS ing the nation
					(Amount in Rs. Lakhs)

			Quarter ended		Year ended
S. No.	Patticulars		June 30, 2020 March 31, 2020	June 30, 2019	March31, 2020
		(Unaudited)	(Refer note 1)	(Unaudited)	(Audited)
	(Loss) / profit for the period/year
12	attributable to:Equity holders of the Company	(1,400.53)
	Non-controlling interests	(15.16)	(29,218.18)(74.87)	6,756.4770.08
{3	Other comprehensive income is
	attributable to:Equity holders of the Company
	Non-controlling interests	28.46	123.29	(7.36)
14	Total comprehensive income is	-	5.94	-
	attributable to:
	Eguity quuty holders of the Company pany	1,372.07	29,094.89	6,749.11
	Non-controlling interests	(15.16)	(68.93)	70,08
15	Paid-up equity share capital (Face valueof the share — Rs 10/- each)	17,611.99	17,611.99	17,611.99
16	Other equity				(27,695.95)(118.43)145.055.9427,550.90(112.49)17,611.9923,666.51
17	(Loss)/ earnings per equity share:
	(a) Basic	(0.80)	(16.59)	3.84	(15.73)

Notes:

The above consolidated financial results for the quarter ended on June 30, 2020 have been reviewed by the Audit Committee and subsequently approved by the Board of Directors at their Board Meeting held on September 28, 2020 in terms of Provisions of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory auditors have issued a disclaimer of opinion in respect of the matters described in note 3, 6, 7 and note 8 in consolidated financial results fot the quarter ended June 30, 2020,

'The figures for the quarters ended March 31, 2020 are the balancing figures between audited figures in respect of the full financial years ended Match 31, 2020 and the unaudited published year to date figutes upto December 31, 2019, being the end of the third quarter of the financial year which were subject to a limited review.

Basic and diluted earnings per share is not annualized for the quarters ended June 30, 2020, March 31, 2020 and June 30, 2019.

The consolidated financial results have been prepared in accordance with the recognition and measutement principles laid down in Indian Accounting Standard 34 — Intetim Financial Reporting, notified under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules 2015, as amended from time tu time, and other acce sunting principles generally accepted in India.

1. The auditors in their review teport have drawn attention to the following matters:
- a) The management has performed an impairment assessment of three cogeneration power plants set up in collaboration with certain sugar mills on Build, Own, Operate and Transfer (BOOT) basis for a period of 15 years. As at June 30, 2020, such plants have a power generation capacity of 15 MW each.

The Holding Company has entered into arbitration proceedings with the sugar mills for the extension of the concession period. Further, the Holding Company has filed a writ petition in the Hon'ble High court_of Punjab and Haryana for approval for conversion of power plants to waste to energy (RDF) based power plants and rele€ f based facilitics. During the previous year, certain disputes arose with sugar mills i the management of the Holding Company decided to shift these power plants y coke *icbeen filed. Accordingly, the management carried out an impaitment asy ps—fecorded an impairment of [gf Ne. a ice : 0-116, First Floor >P@iN ED AR OBR .0L5 City,PhYse/- 7,

No. 8-38,Sector NTIFICATION 122001,Ha eb: RE OSES" E-mail : [email protected]

stit POWE Z ing the nation" Rs. 29,536.28 lakhs in carrying value of these assets as at March 31, 2020, The management believes that the recoverable amount of these power plants are reasonable and no further material adjustments to the carrying value of these plants ate necessary.

Out of the aforementioned impairment as at March 31, 2020 Rs. 22,413.72 lakhs pertain to, two power plants, which were yet to be capitalised and Rs. 7,122.56 lakhs are for power plant which has altcadv been capitalised.

The recoverable amount of cogeneration power plants classified under property, plant and equipment and capital work-in-progress aggregates to Rs, 2,469.06 lakhs and Rs, 4,374.29 lakhs respectively as at June 30, 2020. The recoverable amount of all three cogeneration power plants is based on asset approach and determined at the level of the Cash Generating Unit (CGU).

b) The Income tax authorities conducted a search and Survey at certain premises of the Holding Company under section 132 and 133 of the Income Tax Act, 1961 in April 2012. During the year ended March 31, 201 5, the Holding Company received the assessment orders for the assessment years 2009-10 to 2013-14 from the Deputy Commissioner of Income Tax (DCIT) demanding additional tax liability of Rs. 1,992.17 lakhs. During the year ended March 31, 2015 the Holding Company had filed appeals with Commissioner of Income Tax (CIT) (Appeals) challenging these orders against which tbe said authority had granted partial relief to the Holding Company. The Holding Company has further filed appeals with Income 'T'ax Appellate Tribunal (IAT) challenging the orders for these assessment years in respect of the matters, where the CTT(A) has not accepted the Holding Company's contention, Additionally, the DCIT has also filed appeals with the ITAT against the matters where the relief has been given to the Holding Company.

Farther, during the year ended March 31, 2018, the Holding Company had received penalty orders for the Assessment year 2009- 10 to 2013-14 from DCIT and for the Assessment year 2008-09 from CIT' demanding additional tax liability of Rs. 1,277.64 lakhs against which the CIT (Appeals) had not granted relief to the Holding Company.

During the year ended March 31, 2019, the Holding Company has received ordets from CYT (Appeals) quashing the penalty orders aggregating Rs. 477,71 lakhs out of the aforementioned and upholding the rest. 'The Holding Company has filed appeals with the ITAT challenging the penalty orders for these assessment years in respect of the matters where the CIT(A) has not accepted the Holding Company's contention.

Based on their assessment and upon consideration of advice from the independent legal counsel, the management believes that the Holding Company has reasonable chances of succeeding before the ITAT and does not foresee any material liability. Pending the final decision on the matter, no further adjustment has been made in the consolidated financial results,

¢) During the financial year ended Match 31, 2017, the Holding Company based on the legal advice filed an application for advance tuling with the Advance Ruling Authorities ('the Authority') regarding applicability of service tax in respect of one of the projects undertaken by them. During the year ended March 31, 2018, the Holding Company received response to its application wherein the Authority opined that entire project is covered within the ambit of the service tax. Accordingly, the Holding Company has recognized the service tax liability and based on the contractual terms which stipulates that any taxes shall be borne by the customer, has also recognized amount recoverable from customer of an equivalent amount. Further, the management believes that the intetest, if any, on the delayed deposit of the aforementioned service tax liability is currently unascertainable and shall be reimbursed by the customer. The Holding Company has made submissions with the customer in this regard. Additionally, based on the independent legal advice, the Holding Company believes that the input tax credit in respect of the aforementioned project shall be adjustable against the liability considering the entire project has now been clarified to be covered under the service tax ambit. Accordingly, no further adjustments to the books of account ate considered necessaty.
1. The Holding Company, as at June 30, 2020, has non-current investments (net of impairment) amounting to Rs. 21,147.47 lakhs, other current financial assets (net of impairment) amounting to Rs. 418.24 lakhs and current financial assets-loan amounting to Rs, 409.42 lakh in its associate company A2Z Green Waste Management Limited (AGWML) which has holding in various SPVs under its fold (hetinafter AZZ Green Waste Management Limited together with its subsidiaties is referred to as A2Z. Green Waste Management Group). While A2Z Green Waste Management Group has incutred losses duting its initial years and consolidated net-worth as at June 30, 2020 has been completely eroded, the underlying projects arc expected to achieve adequate profitability on substantial completion, Based on internal assessment and valuation report from an independent valuer, the recoverable amount from the underlying investments/assets is higher than the net worth of A2Z Green Waste Management Group. There are assumptions and estimates used in such future projections such as discount rate, long term growth rate, arbitration claims etc. which management believes are appropriate. Therefore, the management believes that the realisable amount from the aforementioned associate company and its subsidiaries is higher than the carrying valuc of the non-current investments (net of impairment), other current financial assets (net of impairment) and current financial assets-loans duc to which these ate considered as good and recoverable.

XS HAC! fice : 0-116,First Floor,Shopping Mall, Arjun Marg, DLF City,Phase - 1,Gurugram-122002,Haryana (INDIA) Corporate Office : Plot No. B-38,Sector 32, Institutional Area,Gurugram - 122001,Haryana (INDIA), Tel : 0124-451 7600,Fax:0124-4380014 Website:www.a2zgroup.co.in, E-mail : [email protected]

vett POTWE Z tug the nation" 4) The Group has reported segment information as per Indian Accounting Standard 108 'Operating Segments' (Ind AS 108). 'I'he Group is operating into following segments — (i) Engineering Service (ES), (ii) Facility Management Services ('FMS'), (iii) Municipal Solid Waste CMSW") (iv) Power generation projects (PGP') and (v) Others which primarily includes trading of goods and operation and maintenance services etc,

A2ZINFRAENGINEERINGCIN NO. L74999HR2002PLC034805	LTD.








The Group has reported segment information as per Indian Accounting Standard 108 'Operating Segments' (Ind AS 108). 'I'he Group4)				vett POTWE Z tug the nation"
is operating into following segments — (i) Engineering Service (ES), (ii) Facility Management Services ('FMS'), (iii) Municipal Solid WasteCMSW") (iv) Power generation projects (PGP') and (v) Others which primarily includes trading of goods and operation and maintenance
services etc,Unaudited group segment wise revenue, results, assets and liabilities for the quarter ended June 30, 2020:
				(Amount in Rs, lakhs)
		Quarter ended		Year ended
Particulars .atticula	une 30, 2020	March 31, 2020	June 30,2019	March 31, 2020
	(Unaudited)	(Refer note 1) (Unaudited)		(Audited)
1. Segment revenue(a) Segment — ES	2,280.21	6,869.20
(b) Segment — FMS	2,749.28	4,696.24	10,888.065,936.40	37,871.3923,109.78
(c) Segment — MSW	2,210.24	2,038.14	1,596.43	8,365.67
(d) Segment — PGP(c) Segment — Others	-15.79	121,93	-	241.00
Total	7,255.52	10,5813,736.09	385,5918,806.48	491,26-70,079.10
Less: Inter segment revenue	15.00	32.59	6.21
Revenue from operations	7,240.52	13,703.50	18,800.27	69,984.30
2. Segment results [Profit / (loss) before tax and interestftom each segment]
(a) Segment — ES	154.40	(3,316.11)	267.32	(2,828.10)
(b) Segment — FMS(c) Segment — MSW	(42.76)	307.50	176.06	599.88
(d) Segment — PGP	207.19	(311.63)	232.78	464.95
te jSearneat— Others	(161.92)18.69	(377.42)10.03	(305.51)	(1,362.50)
Total	175.60	(3,687.63)	103.01473.66	(75.58)
Less: Inter segment results	-	-	:	(3,201.35)
Net segment results	175.60	(3,687.63)	473.66	(3,201.35)
Add: Interest income	429,43	469.93	342.02	1,752.38
Less:
	1,489.21	1,659.79	1,387.36	5,481.76
(i)Interest expense	(407,11)	(428.90)	449,81	(687.98)
(ii) Other unallocable expenditure net of unallocableincome	(1,291,29)	(5,306.39)	(1,021.49)	(7,618.71)
(Loss) before exceptional item and tax
Exceptional gain/(loss)
(a) Segment — ES	-	(7,394.93)	-	(7,394.93)
(b) Segment — PGP	-	(14,488.51)	-
(c) Unallocable items	-	(336.42)	8,037.83	(14,488.51)5,774.76

Office ' :4416,First Gis Floor, Shopgling : VEO : 5 Dit e MoMA Marg,DLF City,Phase - 1 ,Gurugrat-27002, Haryana (INDIA) Corporate Office TPlobdteB-38 Sector 32, Institutional Area,Gurugram - 122001,Haryana (INDIA), Tel : 0124-4517600,Fax:0124-4380014 Website:www.a2zgroup.co.in, E-mail : [email protected]

A2ZINFRAENGINEERINGCIN NO. L74999HR2002PLC034805	LTD.


















				POWE® ing the nation"vett
Unaudited group segment wise revenue, results, assets and liabilities for the quarter ended June 30, 2020 (Contd):
				(Amount in Rs. Jakhs)
Particulars	June 30, 2020	Quarter ended	March 31, 2020 June 30, 2019 March 31, 2020	Year ended
Less: Tax expense	(Unaudited)	(Refer note 1)	(Unaudited)	(Audited)

Current taxDeferred tax	46.237817	(63.82)1,830.62	499.05(289,26)	347,123,739.87
(Londy,fprofit forthe period year	(1,415.69)	(29,293.05)	6,826.55	(27,814.38)

3. Seginent assets
fi} Seprnnie — 108	112,049.69	113,097.06	121,253.10	113,097.06
(b) Segment — FMS() Segment — MSW	14,324.60	16,350.78	15,367.44	16,350.78
(d) Segment — PGP	13,297.26	13,019.41	2,057.02	13,019.41
() Segment — Others	8,638.30	8,831.85	24,405.34	8,831.85
(f) Unallocated	5,205.2241,620.60	5,694.0542,377.13	3,432.69	5,694.05
Total Assets	195,135.67	199,370.28	48,656.18215,171.77	42,377.13199,370.28
4, Segment liabilities
(a) Segment — ES	78,885.15	82,067.97	89,205.90	82,067.97
(b) Segment — FMS	(3,437.21	14,128.86	12,668.33	14,128.86
(c) Segment —- MSW	10,730.20	10,487.91	2,495.14	10,487.91
(d) Segment — PGP	203.95	203.14	145,88	203.14
(c) Segment — Others(8) Unallocated	7,627.44	7,608.64	1,062.87	7,608.64
TotalLiabilities	44,811.63155,695.58	44,084.21158,580.73	34,010.88139,589.00	44,084.21
				158,580.73
Followingexceptional items (net) have been recorded:5)
		Quarter ended		(Amount in Rs. lakhs)Year ended

		Match 31, 2020 June 30,2019 March 31, 2020
Particulars	June 30, 2020		(Unaudited)	(Audited)
	(Unaudited)	(Refer note 1)		8,639.32
One time settlement with banks and financial institutions	-	~	8,639.32
Liabilities written back	-	2,404.09	:	2,404.09
Exceptional pain (A)	#	2,404.09	8,639.32	11,043.41
Impact of fair valuation of derivative liability on subsequentremeasurement		335.42	601.49
Contract revenue in excess of billing written off	-	1,326.90	-	2,224.081,326.90
Capital assets impaired/written off	-	14,488.51	-	14,488.51
'Trade receivable written off	a	8,472.12	-	8,472.12
Provision for investment	QS ~	1.00SN		1.00
eeeGoodwill written offExeepstianal loss (8)Cc	eyx.-gid4AS	Kal)Ej }24,623.95	601.49	639.4827,152.09

() Segment — Others	5,205.22	5,694.05	3,432.69	5,694.05
(f) Unallocated	41,620.60	42,377.13	48,656.18	42,377.13
Total Assets	195,135.67	199,370.28	215,171.77	199,370.28
4, Segment liabilities
(a) Segment — ES	78,885.15	82,067.97	89,205.90	82,067.97
(b) Segment — FMS	(3,437.21	14,128.86	12,668.33	14,128.86
(c) Segment —- MSW	10,730.20	10,487.91	2,495.14	10,487.91
(d) Segment — PGP	203.95	203.14	145,88	203.14
(c) Segment — Others	7,627.44	7,608.64	1,062.87	7,608.64
(8) Unallocated	44,811.63	44,084.21	34,010.88	44,084.21
TotalLiabilities	155,695.58	158,580.73	139,589.00	158,580.73
Followingexceptional items (net) have been recorded:5)				(Amount in Rs. lakhs)

		Quarter ended		Year ended
Particulars	June 30, 2020		Match 31, 2020 June 30,2019 March 31, 2020
	(Unaudited)	(Refer note 1)	(Unaudited)	(Audited)
One time settlement with banks and financial institutions	-	~	8,639.32	8,639.32
Liabilities written back	-	2,404.09	:
Exceptional pain (A)	#	2,404.09	8,639.32	11,043.41
Impact of fair valuation of derivative liability on subsequentremeasurement		335.42	601.49	2,224.08
Contract revenue in excess of billing written off	-	1,326.90	-	1,326.90
Capital assets impaired/written off	-	14,488.51	-	14,488.51
'Trade receivable written off	a	8,472.12	-	8,472.12
Provision for investment	QS ~	1.00SN		1.00
Goodwill written off	eyx.-	Kal)		639.48
eeeExeepstianal loss (8)Cc(loss) / gain (AB)	gid4ASOSESYSNy	Ej }24,623.95	601.49	2,404.0927,152.09

Qkoa Offide : 0-116, First IGN ED ao ice: o. B-38 "IDENTIEIC! yy, ae VIER acen) wk ATION RPOSE rg,DLF City,Phase [email protected] 1,Gurugram-122002,Haryana (INDIA) vrugram - 122001,Haryana (INDIA), Tel : 0124-4517600,Fax:0124-4380014 .co.in, E-mail :

A2Z INFRA ENGINEERING LTD. CIN NO. L74999HR2002PLC034805

1. The loan accounts of the Holding Company have been classified as non- performing assets by certain banks and they have not charged interest on the said accounts and also the Holding Company has not charged interest on borrowings from certain banks/ asset reconstrucdon company which had entered into Settlement agreement(s), therefore provision for interest has not been made in the books of accounts and to that extent interest costs and loan liabilities have been understated. The extent of exact amount is under determination and reconciliation with the bank, however as per the details available, the amount of unaccrued interest, on approximate basis, on the said loans (other than the borrowings of few banks which are regular) amounts to Rs 686.11 lakhs and Rs. 3,272.56 lakhs for the quarter ended June 30, 2020 and as at June 30, 2020 respectively (Rs. 570,53 lakhs and Rs. 1,809.46 lakhs for the quarter and year ended Match 31, 2020 respectively and Rs. 2,586.45 lakhs as at March 31, 2020). 'The Holding Company is already in discussion with the said banks and Asset Reconstruction company for settlement of their dues.
1. The Holding Company had entered into Settlement agreement(s) ('Agreements') with certain banks/assets reconstruction company: ('the Lenders') duting the years/period ended March 31, 2018, March 31, 2019 and June 30, 2019 wherein it had settled the outstanding borrowings by issue of equity shates, upfront payments and deferred installments. As at June 30, 2020, the Holding Company has delayed payments in respect of the certain deferred installments amounting Rs 12,360.13 lakhs which were due and payable pursuant to these Agreements. So far, the lenders have not given any written notice on event of default as per the agreements and the management is in discussions with the Lenders to condone the aforementioned delays.

Farther, certain lendets have filed an application with Debt Recovety Tribunal and other judicial authorities for recovery of its dues as they existed prior to the settlement agreement entered with it in earlier period, However, basis the agreed tetms/discussions, management believes that the no additional liability shall devolve on the Holding Company in addition to the carrying value of such liability as at June 30, 2020.

The Holding Company is in the process of negotiations/ reconciliations of its outstanding obligations cartied in these consolidated " financial results,

Pursuant to the above discussions with the lenders, management is confident that no material impact will devolve on the Holding Company in respect of aforementioned delays.

1. The Holding Company bas incurred a loss for the period of Rs. 1,026.58 lakhs during the quarter ended June 30, 2020 and accumulated losses amounting Rs 73,651.17 lakhs as at June 30, 2020 and is presently facing acute liquidity problems on account of delayed realization of trade receivables coupled with delays in commencement of commercial production at its waste to energy power generation plants. Also, one of the bank has filed an application with the National Company Law Tribunal (NCLT) for recovery of its dues amounting to Rs. 717,27 lakhs and the matter has not been admitted yet with the NCLT and the management is in discussion with the said lender fot amicably settling the matter. Purther, during the previous year, because of delays in required extension of performance security, one of the customers has invoked the bank guarantee submitted by the Holding Company amounting to Rs. 6,500.00 lakhs and converted into cash security as a fixed deposit and used it as security margin for providing a limit of Letter of Credit to facilitate timely payments ta vendors for ensuring early completion of the project. The Holding Company has also delayed in repayments due to certain lenders as further detailed in note 7, Conditions explained above, indicate existence of uncettainties that may cast significant doubt on the Holding Company's ability to continue as a going concern due to which the Holding Company may not be able to realise its assets and discharge its liabilities in the normal course of business. However, the management is evaluating vatious options and has entered into one-time setdlement agreements with various lenders (as described in note 7), including interest and other related terms and conditions apart from further negotiating the terms with the remaining lenders for settlement of its existing debt obligations. Further the management is in discussions with certain customers for an immediate tecovery of the amount due from them and believes that the substantial portion of such trade receivables shall be realized within the upcoming year, Management believes that the Holding Company will be able to settle its remaining debts in the due course and in view of the proposed settlement of debt obligations together with the expected increased realisation from the trade receivables, a new facility from a lender and expected start of commercial production of the biornass-based power generation plants, no adjustments are required in the consolidated financial result and accordingly, these have been prepared on a going concern basis.
1. Asa result of the nationwide lockdown imposed by the Government of India due to outbreak of COVID-19 pandemic, the business vperations of the Group were temporarily disrupted for most part of the current quarter, Since then, the operations have been gradually resuming in line with the Government of India directives issued in this regard. The management has considered the possible effects that may result from the pandemic on the liquidity position, recoverability/carrying value of its trade receivables, business and other advances and investments as at June 30, 2020. The impact of COVID-19 on the Group's consolidated financial results in future may differ from that estimated as at the date of approval of these consolidated financial results.
1. Subsequent regarding approval to quarter of closure ended of June Zambia 30, 2020, foreign the branch Holding office Company of the Holding in its Board Company. meeting held ¢v a

CIN NO. L74999HR2002PLC034805

wtht POMWE Z ing the nation"

1. As per Regulation 33° of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 read with SEBI/HO/CFD/CMD1/CIR/P/2020/140 dated July 29, 2020, the Group had delayed in submission of consolidated financial results for the quarter ended June 30, 2020 which was required to be submitced to the stock exchanges by September 15, 2020, due to continued lockdown and restrictions on movements in various states where projects of the Group are going on and non-availability of some of the staff of the Group residing in the NCR region due to containment zones. Purther, due to complete lockdown in Nepal, Holding Company was not been able to get all the details relating to its foreign branch office in Nepal for the purpose of preparation of consolidated financial results within the specified period.
1. Subsequent to quarter ended June 30, 2020, the Holding Company has rcecived an order from Telesonic Network Limited (an Airtel group company) for an aggregate amount of Rs. 10,400.00 lakhs for work to be carried out at various circles including obtain permission {tom applicable authority.
1. Previous period figures have been re-grouped/reclassified wherever necessary to correspond with those of the current period's classification.

SIGNED FOR IDENTIFICATION PURPOSES

Place: Gurugram Date: September 28, 2020

For and on behalf of A2Z Infra Engineering Limited

i . a

Rajesh Jain Whole Time Directot and Chief Executive Officer DIN: 07015027

Regd Office : 0-116,First Floor,Shopping Mall,Arjun Marg,DLF City,Phase - 1,Gurugram-122002,Haryana (INDIA) Corporate Office : Plot No. B-38,Sector 32, Institutional Area, Gurugram - 122001,Haryana (INDIA), Tel : 0124-4517600,Fax:0124-4380014 Website:www.a2zgroup.co.in, E-mail : [email protected]

AI assistant

A2Z Infra Engineering Limited Interim / Quarterly Report 2021

61832_rns_2020-09-28_8c316420-d61e-4aea-a528-46c5559157dd.pdf

REE, No. : - A2ZINFRA/SE/2020-21/031

BY E-FILING

Subject: Outcome of Board Meeting held on Monday, September 28, 2020

FOR A2Z INFRA ENGINEERING LTD.

Basis for Disclaimer of Conclusion

Disclaimer of Conclusion

Emphasis of Matters

Other Matter

A2Z INFRA ENGINEERING LIMITED

SIGNED FOR IDENTIFICATION PURPOSES

Notes:

SIGNED FOR IDENTIFICATION PURPOSES

A2Z INFRA ENGINEERING LTD. CIN NO. L74999HR2002PLC034805

SIGNED FOR IDENTIFICATION PURPOSES

To the Board of Directors of A2Z Infra Engineering Limited

Basis for Disclaimer of Conclusion

Disclaimer of Conclusion

Emphasis of Matters

Other Matter

Annexure 1

List of entities included in the Statement

Annexure 2

A2Z INFRA ENGINEERING LIMITED

A2Z INFRA ENGINEERING LTD. CIN NO. L74999HR2002PLC034805

Notes:

A2Z INFRA ENGINEERING LTD. CIN NO. L74999HR2002PLC034805

AI assistant

A2Z Infra Engineering Limited — Interim / Quarterly Report 2021

61832_rns_2020-09-28_8c316420-d61e-4aea-a528-46c5559157dd.pdf

REE, No. : - A2ZINFRA/SE/2020-21/031

BY E-FILING

Subject: Outcome of Board Meeting held on Monday, September 28, 2020

FOR A2Z INFRA ENGINEERING LTD.

Basis for Disclaimer of Conclusion

Disclaimer of Conclusion

Emphasis of Matters

Other Matter

A2Z INFRA ENGINEERING LIMITED

SIGNED FOR IDENTIFICATION PURPOSES

Notes:

SIGNED FOR IDENTIFICATION PURPOSES

A2Z INFRA ENGINEERING LTD. CIN NO. L74999HR2002PLC034805

SIGNED FOR IDENTIFICATION PURPOSES

To the Board of Directors of A2Z Infra Engineering Limited

Basis for Disclaimer of Conclusion

Disclaimer of Conclusion

Emphasis of Matters

Other Matter

Annexure 1

List of entities included in the Statement

Annexure 2

A2Z INFRA ENGINEERING LIMITED

A2Z INFRA ENGINEERING LTD. CIN NO. L74999HR2002PLC034805

Notes:

A2Z INFRA ENGINEERING LTD. CIN NO. L74999HR2002PLC034805

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A2Z Infra Engineering Limited Interim / Quarterly Report 2021