Elnet Technologies Ltd. — Interim / Quarterly Report 2023

Feb 13, 2023

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February 13, 2023

BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai -400001.

Security ID/Code - ELNET /517477

Dear Sir /Madam,

Sub: Intimation on the Outcome of the Board Meeting held on February 13, 2023 Ref: Reglation 33 and 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

This is further to our letter dated February 06, 2023, intimating the date of Board meeting to consider the Unaudited Financial results for the quarter ended December 31, 2022.

Pursuant to Regulation 33 read with Regulation 30, Schedule III, Part-A ( 4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable provisions, if any, we would like to inform you that the Board of Directors at their meeting held today (i.e., February 13, 2023) has inter alia, transacted the following businesses:

1. Approval of Unaudited fnancial results

Approved the Unaudited Financial results for the quarter ended December 31, 2022.

In this Connection we enclose the following in Annexure-1:

• Unaudited Financial results for the quarter ended December 31, 2022 and

• Limited Review issued by M/s. Selvam & Suku, Chartered Accountants, Statutory Auditors of our Company on the Unaudited Financial results of the company for the quarter ended December 31, 2022

Pursuant to Regulation 4 7 of the SEBI LODR, the said financial Results shall be published in the prescribed format in English and Tamil newspapers within the stipulated time. The detailed unaudited financial results of the Company would be available on the website of the Company www.elnettechnologies.com as well as on the website of the Stock Exchange.

2. Resignation of Mr. Ajay Yadav IAS., as the Chairman and Non-Executive Director

The Board of Directors of the Company at its meeting held today (i.e., February 13, 2023), has recorded the resignation of Mr. Ajay Yadav IAS., as the Chairman and Non-Executive Director of the Company with effect from the close of business hours on Monday, Febr:uai:y NO£ 13, 2023. � � TEL: +91-44-2254 1337, +91-44-2254 1098 FAX: +91-44-2254 1955 I�- CHENNAl-113 � CIN : L72300TN1990PLC019459 1.,.,)-:y -f, . (>'I REGO. OFF: ELNET TECHNOLOGIES LIMITED, TS 140 BLOCK 2 & 9, RAJIV GANDHI SALAI, TARAMANI, CHENNAI - 600';1J, TAMIL I) , INDIA. E.mail: elnet@md4.vsnl.net.in www.elnettechnologies.com \� r--

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The disclosure required as per Regulation 30 Para A of Schedule III of the SEBI (LODR) ..... c.=ea:u.d., _ with the SEBI Circular having reference no. CIR/CFD/CMD/4/2015 dated September 9, 2015, is enclosed in Annexure-2.

3. Appointment of Mr. Praveen P. Nair IAS., as the Chairman and Non-Executive Additional Director

The Board of Directors of the Company at its meeting held today (i.e., February 13, 2023), has recorded the appointment of Mr. Praveen P. Nair as the Chairman and Non-Executive Additional Director of the Company with effect from the close of business hours on Monday, February 13, 2023.

The disclosure required as per Regulation 30 Para A of Schedule III of the SEBI (LODR) read with the SEBI Circular having reference no. CIR/CFD/CMD/4/2015 dated September 9, 2015, is enclosed in Annexure-2.

4. Resignation of Ms. Diva Raj Gupta from the post of Company Secretary (Key Managerial Personnel) and Compliance Oficer

The Board of Directors of the Company at its meeting held today (i.e., February 13, 2023) has approved the resignation of Ms. Divya Raj Gupta as the Company Secretary (Key Managerial Personnel) and Compliance Officer of the company w.e.f. February 13, 2023 (after the closing of business hours).

The information required under Regulation 30 of Listing Regulations read with of SEBI circular CIR/CFD/CMD/4/2015 dated September 09, 2015 is enclosed in Annexure-3.

5. Appointment of Mr. Ritesh Shivkumar Mishra as Company Secretary (Key Managerial Personnel) and Compliance Officer

Pursuant to Regulations 6(1), 30 (2) & 30(6) read with Part A Para A of Schedule Ill of the SEBI (LODR) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and as recommended by the Nomination and Remuneration Committee, we wish to inform that the Board of Directors of the Company at its meeting held today (i.e., February 13, 2023) has approved the appointment of Mr. Ritesh Shivkumar Mishra as the Company Secretary (Key Managerial Personnel) and Compliance Officer of the company w.e.f. February 13, 2023.

The information required under Regulation 30 of Listing Regulations read with of SEBI circular CIR/CFD/CMD/4/2015 dated September 09, 2015 is enclosed in Annexure-3.

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6. Appointment of Chief Financial Ofcer (Key Managerial Personnel)

Pursuant to the provisions of Regulation 30 read with Para A of Schedule Ill of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulation, 2015, as amended ("SEBI Listing Regulations"), the Board of Directors of the Company at its meeting held today i.e., February 13, 2023, has recorded the appointment of Mrs. D. Indumathi as the Chief Financial Officer (Key Managerial Personnel) of the Company with effect from February 13, 2023.

The disclosure required as per Regulation 30 Para A of Schedule III of the SEBI (LODR) read with the SEBI Circular having reference no. CIR/CFD/CMD/4/2015 dated September 9, 2015, are enclosed in Annexure-4.

The Board Meeting commenced at 15.15 and concluded at 19:00

This is for your information and records.

Thanking you,

Yours faithfully,

For ELNET TECHNOLOGIES LIMITED,

UNNAMALAI Digitally signed by UNNAMALAI THIAGARAJAN THIAGARAJAN Date: 2023.02.13 19:02:36 +05'30' UNNAMALAI THIAGARAJAN MANAGING DIRECTOR

Encl.: As above

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ANNEXURE-1

�LVAM &SUKU CHARTERED ACCOUNTANTS

E. PANNEERSELVAM, B.Com., F.C.A.,

S. KALYANASUNDARAM, M.Com., F.c.A.,

A. BINDU, B.Com., F.C.A.,

M. POORNANANTH, B.Com., F.C.A.,

S. MANIKANDAN, B.Com., F.C.A., S. REVATHY, B.Com., A.C.A.,

Independent Auditor's Limited Review report on unaudited quarterly and year to date financial results of Elnet Technologies Limited pursuant to Regulation 33 of SEBI (Listing Obligation and Disclosure Requirements) 2015.

To

Board of Directors

Elnet Technologies Limited

1. We have reviewed the accompanying Statement of unaudited financial results of "Elnet Technologies Limited" (the Company) for the quarter ended and year to date results for the period from April 1,2022 to December 31,2022 (the Statement) attached herewith being submitted by the Company pursuant to the requirements of Regulation 33 of SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015, read with SEBI Circular No.CIR/CFD/FAC/62/2016 dated July 5,2016 & CIR/CFD/CMD1/44/2019 dated March 29, 2019.

2.This Statement, which is the responsibility of the Company's management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of Companies (Indian Accounting Rules),2015 and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to issue a report on the Statement based on our review.

1. 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 company personnel responsible for financial and accounting matters and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

4. Based on our review conducted as above, nothing has come to our attention that causes u_: to believe that the accompanying Statement, prepared in accordance with applicable accounting standards and

�[rc] -1, Fl st Floor, Alsa Towers, 186/187, Poonamallee High Road, Kilpauk, Chennai - 600 010. Phone : 044 - 26425285 I 26428455 I 26414641 I 26425372 E-mail : selvamsuku@gmail.com

other recognised accounting practices and policies has not disclosed the information required to be Disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatements.

PLACE: Chennai DA TE: 13-02-2023

For SELVAM & SUKU CHARTERED ACCOUNTANTS FRN No. 003701 S

• � � S.REVATHY PARTNER M.No. 250134 UDIN:23250134BGZDST711 O

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ELNET tECHNOI.OGIES LTD Rogd. ornr.o: TS 140, mack No.?.& 9, llajiv Gandhi Salai, Taramani, Cho1inal- 600113 Wob,iln: 1•11w1.ol110Uochnalcgios.com CIN : l.7?.300TN19901'1.C01�;,5g

Slatomcnt or Slandalooc u11audltod financial rosulls fer lho quarter and niao months cndad Dooombor :l1, 202i

					[Rs.	In laklls)	In laklls)
				Quarter anded			Nine monlha Mded			Year ondod
SI No		Partlc11 la rs	December 31, 2022	Seplombor 30, 2022	Docernb□r 31, 2021	Doccmbor 31, 2022			Decembar J I, 2021 !	March 31, 2022
			(unaudi1□dl	_J,ina11dilod)	(un audilod)	Junaudl!cd)			/unaudited)	(audiled)
		lncoma
1		Rovcnuo from oporallons	6�?.,?.7	SU0.49	�14.30		1,014,02		1,643.18	2,208.46
2		Other l11como !Nol)	1Ll6.10	146.i'6	1?,9.53		142.15		306.BO	514.04
3		Total Income (1 + 21	798.44	737.25	673.SJ		2,257.67		2,030,06	2,722.50
								I
4		Expcn�cs							I
		Employao bo11ofil oxponsos Finance cosls !loprociolion and arnortir.uliOll oxpcnso Eloc\rlci\y Charges	'19.42 30M 60.84 79.5/	1+2.52 14.?.1 69,30 1t82	35.40 13,7.4 05. 14 43.?.6		132,69 5826 205.80 177.13		10.52 36.91 2.51.52 112.65	142.86 50.16 31+1.?.9 180.40
		Olhar oxponsos	94,88	B6.8/	69.19		r/2.10		197 l8	314.17
		Tot�I Exponsas	315.13	m.n	m•--+-oooMO,o-•-••--+-.-++---.-,--· m.JJ		1146.78		r11.rn	1,02G.88
5		Prom before cxcoptio11al Items an<l tax {1-21	483,32	479.53	427.60		1,410.88		1,316.2□	1,693.62
4		Exccp!irnml i!on1�					-
5		Profit before tax ll-4)	-··--·�-�"--+ 483.32	479.5J	�2r.ao		1,410.88		--------��� 1,318.28	·-----····--�--- 1,693.62
6		rox oxpcnso	146.GO	66.53	9U6		3?.0.1t,		311.0S	432.?.1
7		Prom for Ill o period/ yaor (5-6)	336.71	413.00	333,24		1,090.75		1,D07.2l	i,261.35
8		Other comprehensive Income
		llllwllaJ 1•,ill.Ml.k�massiricd l1iprolit_or loss Romoesuromont al post ornploymonl banofl obligations, nol ol lax		0.61			0.61		0.7S	0.4?.
		Effr-clorrnoasuring invcslmenls al !ail value, nal of								82.86
		lax
		Other oomprnheni!vo income for lhQ period I year, no\oftax		0.61			0.51		0.79	83.28
9		Total comprchcnsivo Income fortllo period_I_yoar
		(7t8)	336,71	413.61	333.24	,--·-	1,091.36 -		1,�����2 1,344.63 ]=_·=1
10		Paid-up equity sharo capilal Face valuo por �ham (H�)	400.00 10.00	400.00 · 10.00	�00.00 10.00		li00.00 10.00		1,00.CO \0.00	400.00 ,o.oo
11	·	011101 Equily								10,513.85
12		Eam!ng por sham (lls] 1nol a,muali,nd oxr,er.t ior lhll year oodod March ?.021)
		• Dasie • Dilutod �� ·�·�----., ,,, ,, -	B.47. BA2	10.3, 10,3?,	B.3� B.3?.		?.l ?.9 U.?.S		2/i.20 ?.!i.?O	3U3 ,11./i3 .._.. . ,..,., ;.,; n. ..�.

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• H1□ above quarterly results for tho quarter and nino months ondod Docembor 31, ?.0?.2 wcro mvinwcd by tho Au.di! commlttoo and has boon �pprovod by Iha llo�rd ol Dircclors at its 111e□ling hold on 13th Fobruary, 20?.3 and !wvo bocn subju,icd to Uml!od l!evicw by the Statutory auditors of tl10 Company.

• ,_ Tho company is engaged in tho solo ar.tivlly of carrying on tho business of 'l'romo\ion and Mainlcnanc6 of Sallwarn for.hnolOiJY Park" nnd lhoroforc, has only ono roportabla sogmonl in accordancowilh lnd AS 108 'Oporaling Sogmonts", llc11co, no soparato sogmcnt reporting is npplicablc le the company, Ind /\S 116 '.eases·. has boon roconlly introduced cffcclivc llpril Ol, 2019 and its application di.d not havo any si9111ficant impac\ on recognition and mcasuremonl of lnnscs in lhc financial rosulls Including tho retained earnings as al /1pril 01, 7.019.

• 4 Previous yoar/poitod's fi9ums have been rogroupco/rccasl, wlmmvcr 11occssary, In confirm lo the classilicat!o11 ol tho cmrcn1 period's classiflcalion. For and on btihall of tho Board 1-:,y, Mrs.,llnnamalai Tlilagarnja11 [=t' ]

• Plac�; Chonnai Ma<1aging Olrnclor Onto, 13th February, 2023 (DIN:0020l 154)

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f�EGO. OFF: EL NET TECHNOLOGIES LIMITED. TS 140 BLOCI< 2 & 9, RAJIV GANDHI SALA!. TARAMANI. CHENNAI - 600 113. rAM IL NADU, !NOIA TEL: +91-44-2254 1337, 1·91-44-2254 109B FAX: +91-44-2254 1955

E.mail : olnetcity@gmail.com I elnetfinanco@gmall.com I www.olnottochnologi0s.com

GIN: L72300TN1990PLC019459

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ANNEXURE-2

Details required pursuant to Reglation 30 Part A of Schedule III of SEBI (LODR) read with SEBI Circular CIR/CFD/CMD/4/2015 dated September 09, 2015

S.No.	Particulars	Particulars			Details
				Mr. Ajay Yadav	Mr. Praveen P. Nair
1	Reason fr	Change	viz	Resignation	Appointment
	Appointment,	Resignation,
	Removal, Death	or otherwise.
2	Date		of	February 13, 2023	February 13, 2023
3	Appointment/Cessation BriefProfle (in case		of	N.A.	Mr. Praveen P. Nair IAS is
	Appointment)				anIndianAdministrative Offcer. He is a Managing
					Director of Electronics
					Corporation of Tamilnadu
					Limited (ELCOT).He has
					beenappointedasthe
					Chairman and Non-
					Executive Additional
					Director of our Company.
4	Disclosureof	relationships		N.A.	N.A.
	between directors (in case of
	Appointment of	a director)

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Annexu ~~e 3~~

Details required pursuant to Regulation 30 Part A of Schedule III of SEBI (LODR) read with SEBI Circular CIR/CFD/CMD/4/2015 dated September 09, 2015

S. No. Requirements Details Ms. Divya Raj Gupta Mr. Ritesh Shivkumar Mishra 1 Reason for Change viz Resignation due to Appointment Appointment, Resignation, personal reason Removal, Death or otherwise. 2 Date of February 13, 2023 February 13, 2023 Appointment/Cessation 3 Brief Profile (in case of N.A. Mr. Ritesh Shivkumar Appointment) Mishra is an associate member of the Institute of Company Secretary of India (!CS[). He has total working experience of 6 years including post qualification experience of 2 plus years working with CA and CS firms in the areas of Corporate Laws, Corporate Governance, SEBC Income Tax and GST related matters. 4 Disclosure of relationships N.A. N.A. between directors (in case of Appointment of a director)

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Details required pursuant to Regulation 30 Part A of Schedule III of SEBI (LODR) read with SEBI Circular CIR/CFD/CMD/4/2015 dated September 09. 2015

**S. **	No.	Requirements		Details
	1	Reason for Change viz Appointment, ResigRatfR, Removal, Death or		Appointment of Mrs. D. Indumathi as the Chief Financial Officer (Key Managerial Personnel)
	2	otherwise. Date of Appointment,r----�=-: o e:,:::,uuu		of the Company. February 13, 2023
	3	Brief Profile (in case of Appointment)		Mrs. D Indumathi is a qualified MBA (Finance)
				and have good working experience in the field of Auditing fr the period of more than 12
				Years.
	4	Disclosure of relationships between		N.A.
		directors (in case of Appointment	of a
		director)

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