Arrow Greentech Limited

ARROW

GREENTECH LTD

August 14, 2021

Manager (CRD) Manager (CRD)

BSE Limited National Stock Exchange of India Ltd. (NSE ) P.J. Towers, Dalal Street, Exchange Plaza, Bandra Kurla Complex Mumbai 400 001 Bandra (E), Mumbai - 400051

Ref: Script Code- 516064 Script Code- ARROWGREEN

Sub: Outcome of the Board Meetings held on August 14, 2021 and Submission of Unaudited Financial Results (Standalone and Consolidated) for the Quarter ended 30[th] June 2021 as per SEBI (LODR) Regulations, 2015

Dear Sir,

With reference to above, we hereby submit/ inform that:

The Board of Directors at its Meeting held today i.e. on August 14, 2021 at 2:30 PM and concluded at 4:20 PM, has approved the Unaudited Financial Results (Standalone & Consolidated) with Limited Review Report for the Quarter ended 30[th] June 2021. Copy of the same is enclosed herewith.
Date of Book Closure for the purpose of payment of dividend and Annual General Meeting of the Company:-

The Company has decided to close the register of members and transfer books from Saturday, 25[th] September 2021 to Wednesday, 29[th] September 2021 (both days inclusive) for Annual General meeting of the Company.

Convene the Annual General Meeting of the Company:- The Board has decided to convene the 29[th] Annual General Meeting of the Members on Wednesday, 29[th] September 2021 at 4:00 p.m. through Video Conferencing (VC) or Other Audio Visual Means (OAVM) for which purpose the Registered Office of the Company situated at 1/F Laxmi Industrial Estate, New Link Road, Andheri (West), Mumbai - 400053 shall be deemed as the venue for the Meeting.

This is for your information and records

Thanking you,

Yours faithfully,

For Arrow Greentech Limited Company Secretary

ARROW GREENTECH LTD

CIN No.: L21010MH1992PLC069281

Registered Office: 1/F Laxmi Industrial Estate, New Link Road, Andheri (West), Mumbai 400 053, Maharashtra, Phone: +91 22‐4974 3758, Email : [email protected] Website: www.arrowgreentech com Works: Plot No 531 0,5311, GIDC, Ankleshwar 392002, Gujarat, INDIA Phone : +912646‐224743/224744 E‐mail : [email protected]

SHILPAN PRAVIN PATEL Digitally signed by SHILPAN PRAVIN PATEL DN: c=IN, st=Maharashtra, 2.5.4.20=6cf497d8f6ccd5a0945df3a237ada1bf5c3f019034edba03d28f6f27c953ec24, postalCode=400053, street=303/A SUMAN APARTMENTS, LOKHANDWALA COMPLEX, ANDHERI WEST MUMBAI 400053, serialNumber=48a6ea376ae04d80c7f5c12b3b5bf87fd7c820f183cfca1181d8f16cb481b1a6, o=Personal, cn=SHILPAN PRAVIN PATEL, pseudonym=5164208e515f9e7412ac231051a7f387 Date: 2021.08.14 16:14:57 +05'30'

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SHILPAN PRAVIN PATEL Digitally signed by SHILPAN PRAVIN PATEL DN: c=IN, st=Maharashtra, 2.5.4.20=6cf497d8f6ccd5a0945df3a237ada1bf5c3f019034edba03d28f6f27c953ec24, postalCode=400053, street=303/A SUMAN APARTMENTS, LOKHANDWALA COMPLEX, ANDHERI WEST MUMBAI 400053, serialNumber=48a6ea376ae04d80c7f5c12b3b5bf87fd7c820f183cfca1181d8f16cb481b1a6, o=Personal, cn=SHILPAN PRAVIN PATEL, pseudonym=5164208e515f9e7412ac231051a7f387 Date: 2021.08.14 16:15:38 +05'30'
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Independent Auditor’s Review Report on quarterly Unaudited Standalone Financial Results of Arrow Greentech Limited pursuant to the Regulation 33 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015

To the Board of Directors

We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of Arrow Greentech Limited (“the Company”) for the quarter ended June 30, 2021 (“the Statement”), being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
This 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 recognition and measurement principles laid down in Indian Accounting Standard 34 “Interim Financial Reporting” prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to issue a report on the Statement based on our review.
We conducted our review of the Statement in accordance with the 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. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of the Company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms 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.

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Haribhakti & Co. LLP, Chartered Accountants Regn. No. AAC- 3768, a limited liability partnership registered in India (converted on 17th June, 2014 from a firm Haribhakti & Co. FRN: 103523W) Registered offices: 701, Leela Business Park, Andheri-Kurla Road, Andheri (E), Mumbai – 400 059, India. Tel:+91 22 6672 9999 Fax:+91 22 6672 9777 Other offices: Ahmedabad, Bengaluru, Chennai, Coimbatore, Hyderabad, Kolkata, New Delhi, Pune.

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We draw attention to Note 3 to the Statement, which explains the uncertainties and the management’s evaluation of the financial impact on the Company due to lockdown and other restrictions on account of COVID-19 pandemic situation, for which a definitive assessment of the impact is highly dependent upon the circumstances as they evolve in the subsequent period.

Our report is not modified in respect of this matter.

For Haribhakti & Co. LLP

Chartered Accountants ICAI Firm Registration No.103523W/W100048

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Snehal Shah

Partner Membership No.: 048539 UDIN: 21048539AAAAER1460

Place: Mumbai Date: August 14, 2021

Continuation Sheet

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Independent Auditor’s Review Report on quarterly Unaudited Consolidated Financial Results of Arrow Greentech Limited pursuant to the Regulation 33 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015

To the Board of Directors

Arrow Greentech Limited

We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Arrow Greentech Limited (“the Parent”) and its subsidiaries (the Parent and its subsidiaries together referred to as “the Group”), and its share of the net profit after tax and total comprehensive income of its associates for the quarter ended June 30, 2021 (“the Statement”), being submitted by the Parent pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
This Statement, which is the responsibility of the Parent’s Management and approved by the Parent’s Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 “Interim Financial Reporting” prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to issue a report on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the 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. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of the Parent personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.

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Haribhakti & Co. LLP, Chartered Accountants Regn. No. AAC- 3768, a limited liability partnership registered in India (converted on 17th June, 2014 from a firm Haribhakti & Co. FRN: 103523W) Registered offices: 701, Leela Business Park, Andheri-Kurla Road, Andheri (E), Mumbai – 400 059, India. Tel:+91 22 6672 9999 Fax:+91 22 6672 9777 Other offices: Ahmedabad, Bengaluru, Chennai, Coimbatore, Hyderabad, Kolkata, New Delhi, Pune.

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4. The Statement includes the results of the following entities:

Sr. No.	Name of the Entity	Relationship
1.	Arrow Greentech Limited	Parent
2.	Arrow Secure Technology Private Limited	Subsidiary Company
3.	Arrow Green Technologies (UK) Limited	Subsidiary Company
4.	Avery Pharmaceuticals Private Limited	Subsidiary Company
5.	LQ Arrow Security Products (India) Private Limited	Subsidiary Company
6.	Advance IP Technologies Limited	Step down Subsidiary
7.	Sphere Bio Polymer Private Limited	Associate Company
8.	SP Arrow Bio Polymer Products Private Limited	Associate Company

Based on our review conducted and procedures performed as stated in paragraph 3 above, and based on the consideration of the review reports of the other auditors referred to in paragraph 7 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms 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.
We draw attention to Note 3 to the Statement, which explains the uncertainties and the Management’s evaluation of the financial impact on the Group (including its associates) due to lockdown and other restrictions on account of COVID-19 pandemic situation, for which a definitive assessment of the impact is highly dependent upon the circumstances as they evolve in the subsequent period. Our report is not modified in respect of this matter.

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Continuation Sheet

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We did not review the interim financial results of three subsidiaries (including one step down subsidiary) included in the unaudited consolidated financial results, whose interim financial results reflect total revenues of Rs. 126,219 thousand, total net profit after tax of Rs. 20,898 thousand and total comprehensive income of Rs. 20,898 thousand, for the quarter ended June 30, 2021 as considered in the unaudited consolidated financial results. These interim financial results have been reviewed by other auditors whose reports have been furnished to us by the Management and our report on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based solely on the reports of the other auditors and the procedures performed by us as stated in paragraph 3 above.

Certain of these subsidiaries are located outside India whose financial results have been prepared in accordance with accounting principles generally accepted in their respective countries and which have been reviewed by other auditor under generally accepted auditing standards applicable in their respective countries. The Parent’s Management has converted the financial results of such subsidiaries located outside India 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 Parent’s Management. Our report in so far as it relates to the balances and affairs of such subsidiaries located outside India is based on the reports of other auditor and the conversion adjustments prepared by the Management of the Parent and reviewed by us.

Our report on the Statement is not modified in respect of the above matter.

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Continuation Sheet

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The unaudited consolidated financial results includes the interim financial results of two subsidiaries which have not been reviewed by their auditors, whose interim financial results reflect total revenue of Rs. Nil, total net profit after tax of Rs. 4 thousand and total comprehensive income of Rs. 4 thousand for the quarter ended June 30, 2021 as considered in the unaudited consolidated financial results. The unaudited consolidated financial results also includes the Group’s share of net profit after tax of Rs. Nil and total comprehensive income of Rs. Nil for the quarter ended June 30, 2021, as considered in the unaudited consolidated financial results, in respect of two associates, based on their interim financial results which have not been reviewed by their auditors. According to the information and explanations given to us by the Management, these interim financial results are not material to the Group including its associates.

Our report on the Statement is not modified in respect of the above matter.

For Haribhakti & Co. LLP

Chartered Accountants

ICAI Firm Registration No.103523W/W100048

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Snehal Shah

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Partner

Membership No.: 048539 UDIN : 21048539AAAAES4614

Place: Mumbai Date: August 14, 2021

Continuation Sheet

AI assistant

Arrow Greentech Limited Interim / Quarterly Report 2021

61698_rns_2021-08-18_06b1ba36-a32b-44f0-8886-afedb6146f49.pdf

ARROW

GREENTECH LTD

August 14, 2021

ARROW GREENTECH LTD

To the Board of Directors

Arrow Greentech Limited

Snehal Shah

To the Board of Directors

Arrow Greentech Limited

4. The Statement includes the results of the following entities:

For Haribhakti & Co. LLP

Snehal Shah

AI assistant

Arrow Greentech Limited — Interim / Quarterly Report 2021

61698_rns_2021-08-18_06b1ba36-a32b-44f0-8886-afedb6146f49.pdf

ARROW

GREENTECH LTD

August 14, 2021

ARROW GREENTECH LTD

To the Board of Directors

Arrow Greentech Limited

Snehal Shah

To the Board of Directors

Arrow Greentech Limited

4. The Statement includes the results of the following entities:

For Haribhakti & Co. LLP

Snehal Shah

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