Elnet Technologies Ltd. — Interim / Quarterly Report 2021

Nov 11, 2020

11th Nov, 2020

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BSE Limited

Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai -400001.

Security ID/Code - ELNET/517477

Dear Sir/Madam,

• Sub: Outcome of the Board Meeting Unaudited Financial Results for the quarter and half year th ended 30 Sep, 2020

Ref: Regulation 33 and 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Pursuant to Regulation 33 read with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, We are enclosing herewith the unaudited financial results for the quarter and half year ended 30th Sep, 2020 together with the Limited Review report thereon issued by the Statutory Auditors which were reviewed by the Audit Committee and approved by the Board of Directors of the Company at their meeting held on Wednesday, 11th Nov, 2020 (today).

The Board Meeting commenced at 17.00 and concluded at 18.30

The said financial Results shall be published in the Newspapers and also be available on Company's website www.elnettechnologies.com

This is for your information and records.

Thanking you,

Yours truly,

For ELNET TECHNOLOGIES LIMITED

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& Compliance Officer

Encl.: As above

REGO. OFF : ELNET TECH NOLOGIES LIMITED, TS 140 BLOCK 2 & 9, RAJIV GANDHI SALAI, TARAMANI, CHENNAI - 600 113, TAMIL NADU. INDIA TEL: +91-44-2254 1337, +91-44-2254 1098 FAX: +91-44-2254 1955 E.mail : elnetcity@gmail.com I elnetfinance@gmail.com I www.elnettechnologies.com

CIN : L72300TN1990PLC019459

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El.NET TECHNOLOGIES LTD Regd Office: TS 140, Block No2 & 9, Rajill Galllihi Salai, Taramani, Chenoai -600113 Website: www.elnettechnolog1es.ccm CIN : l72300TN1990PLC019459 Statement of Standalone unaudited financial results for the qua and six months ended September 30, 2020

		{R. inJaks}
SI No Parcular		Quaer ended Six months ended Year ended
		September 30, June 30, 2020 2020 {unaudited) (unaudited) SeptemberSetember'September Marh 31, 30,20l9 30,2020 30,2019 200 (unaudited){unaudited){unaudited)~~.~~{Audited)
1 2 3 4 5 6 7 8 9 10 11 12	Income Reenue from oo 5.26 547.28 Other Incme (Net) 119.91 12.39 Total Income (1 + 2) 655.17 669.67 Expnses Employee benefr exp 32.02 28.56 Fi03lce ct 18.14 20.12 Depreiatn and amoat expese 90.11 91.07 Elect Chales 22.10 35.10 Other expense 82.46 93.46 Total Expenses 244.3 268.31 Proft before tax {3-4) 410.34 401.36 Tax epese 111.19 102.94 Prft for the period/ year (5-6) 299.15 28.42 Oter compreensive income Ites Iha! will not be rifed to Qroll or lo Remeasurement o pot employmet belell obligat. 10.97 n of t Efect of meurng invetmets al fair value, net of lx - Other comprehensive income for te perod/ year, net 10 .97 - of t fo!al comprehensive income fr the peiod /ye:r (7+8) 310.12 238.42 Paid-up equity share cpial 40.00 400.00 Face vue per share (Rs} 10.00 10.0 Other Equy Eaing per shar (Rs} (no! annu exp for the year er.de March 202) -Bac 7.48 7.46 - Diluted 7.48 7.46 619.34 1,082.54 1,25.88 2,403.69 124.08 242.30 245.93 508.14. 7.42 1,324.84 1,471.81 2,911.83 28.59' 60.58 5.85' 117.83, 21.89 3825 42.21 85.64 98.91 181.18 196.22 387.73 73.07 57.19 167.18 330.38 124.24 175.93· 261.53I 522.14 · 346.70 513.14 724.00 1,444.72 396.72 8 .70 747.81 1,467.11 · 95.49 214.13 195.92 382.18 301.2 597.56 551.89 1,084.93 (0.78) 10.97 (0.78} 0.79 - - (0.05) (0.78) 10.97 (0.78) 0.74 300.45 608.5 551.11 1,085.67 400.00 40000 400.00 400.00 10.0 10.00 10.00 10.00 8,13.49, 7.53 14.9 13.80 27.12 7.53 14.94 13.80 27.12	5.26 547.28 119.91 12.39 619.34 1,082.54 1,25.88 2,403.69 124.08 242.30 245.93 508.14.
		655.17 669.67 7.42 1,324.84 1,471.81 2,911.83
		32.02 28.56 18.14 20.12 90.11 91.07 22.10 35.10 82.46 93.46 28.59' 60.58 5.85' 117.83, 21.89 3825 42.21 85.64 98.91 181.18 196.22 387.73 73.07 57.19 167.18 330.38 124.24 175.93· 261.53I 522.14 ·
		244.3 268.31 346.70 513.14 724.00 1,444.72
		410.34 401.36 111.19 102.94 396.72 8 .70 747.81 1,467.11 · 95.49 214.13 195.92 382.18
		299.15 28.42 301.2 597.56 551.89 1,084.93

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UNNAMALAI�"'
THIAGARAJ MAG"1Al�• .
AN ���
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REGO. OFF : ELNET TECHNOLOGIES LIMITED. TS 140 BLOCK 2 & 9, RAJIV GANDHI SALAI. TARAMANI, CHENNAI - 600 113, TEL: .,.91-44-2254 1337, +91-44-2254 1098 FAX: +91-44-2254 1955

E.mail : elnetcity@gmail.com I elnetfinance@gmail.com ( www.elnettechnologies.com

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CIN: L72300TN1990PLC019459

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S ement of .et and labilite I Paculan ' Asses Non-current assets Pro, plant and euipment Capital \ in pr0re Financial Assets Invtments Olher finanial as€ Income lax assels (ne} Deerre tax asset {ne1 Oler non Curent assets Totl non-curent asset Current assets Financia a Trade reles Gh and cash euiva!ent Bank balanc other than aboe Other finl assets Other curent assets Totl curet assets Totl -Assets Equit and Liabilities ,Equit Equity share capital Ote euit Totl equit liabilites Non current liabilities Financial fiabililie Olher finacial liablilies Pr Totl non-currnt liabilites Curent liabilities Financial Liab�il:es SorrO,ings Trade p ble Total outing due cl mic ente,'ises and small etees Totl outtaming dues cl ceditOS ole than m en!e and sm.l entetplises Other fnancial liabilities Proviion Income Tax Liabilites (ne) Oler curt libilities Totl current liabilities Total -Equit and liabilites	;Rs. in lakhsj A:t Aat September Mar.h 30,:220 31,2020 2,510.82 2,688.54' 0.87 - 311.30 311.30 2,746.81 4.492.00 75.82 13.56 7.26 2.2.92 17.20
	5,606.28 7,592.12 435.70 190.67 316.14 702.38 4,386.40 1,842.53 · 260.80 145.6 96.23 55.11 5495.27 2,946.33 11,101.5 10,538.45 400.00 400.00 8,695.03 8,13.49 9,095,03 8,54.49 1,051.21 1,048.19 4.38 8.37 1,055.59 1,056.56 426.3 426.34 9.35 6.25 16.99 440.54 0.49 7.22 5.0 19.91 44.11 0.94 47.85
	950.93 11,101.55 947.40 10,538.45

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UNNAMAL.A Dlgit.-,!ly .signed I byUNNAMALAI THIAGARAJ =��1�1 1 AN 11:s1:JJ+os·30•

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ELNET TECHNOLOGIES LTD Re9d. Office: TS 140, Block No.2 & 9, Rajiv Gandhi SaJai, Taramani. Cilennai-600113 Website: w1•.�v.elneUeehnologies com CIN : L72300TN1990PlC019459

Statement of cash flows for six months ended September 30, 2020

f>artlcuhrr.s		{Rs. in lakhs) Six months ended	{Rs. in lakhs) Six months ended
		September 30, 2020	September	30, 2-019
Cash Flow From Operating Activities
Profit before income tax		811.70		747.81
Adjustme:ils fer
Depredation and amortisa ion expanse		181.18		196.22
lossl(Profit) on sale of fixed asset		-		(0.96)
Fair value-change of investments through profit and 10:,--s				(8.31)
(Reversal)_I_Provision for Employee Benefits		(6.27)		3.84
Interest Income on deposits Finance cost		(207.01) 38.26		(235.32) 4221
		817.86		744.49
,Change in operating asse'.s andliab:Jilies (Increase)/ decrease in Other financial assets		{10.52}		192.71
(Increase)} decrease in trade receivab:es		{24503)		17.41
(Increase)/ decreas in Other assets Increase/ (decrease) in provisions and olher liabilities	:	(31.14) 5.58		17.16 90.87
Increase/ (de�e} in trade payables Cash generated from operalions		0.19 536.94		26.01 1,088.65
Less : Income laxes paid {net of refunds)		{137.13)		(205.90)
Net cash from operating activities (A}		399,81		881.75
Cash FIOYIS From Investing Activities Acquisition of property plan! and equipment and Capital work-in-progress		(4.33)		(409.72}
Proce ds on rademp!ion of inveslmenls				501.36
Proceeds from disposal of Pro!)"..rty. plan! and equipment and Capllal wolk-in-progress		-		1.65
lnves!men ls in fixed deposi1s \•,ith banks mo� than 3 months		(793.87)		(424.13)
interest received on deposits Net cash used in investing activities (8)		60.15. (7 38.05)		76.54 {254.30)
Cash Flows From Financing Activities
Dividend paid		{48.00)		(60.00)
Tax on dividend				(12.33)
Net cash used in financing activities -(C)		{48:00)		(72.33)
Net (decrease)/-increase in cash and cash equivalents {A+B+C)		(386.24)		555.13
Cash and cash equiva!ents al the beginning of 1he financial year		702.38		155.33
Cash and cash e.quiva!ents at-end ofthe year		316.14		710.46

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UNNAMALA Digit.It, ,ignod I by UNNAMALAI THIAGARAJ :::���"11 AN 17,5156 +oS'3-0'

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........ . m ■ ll ■■ D ■ D•a Notes:

The above quarterly resulls for the quarter and six months ended September 30. 2020 were reviewed by the Audit co m i!lee and has b e n approved by the Boarn of Direc!ors at its m e ting held on November 11 • 2020 and ha,ie been subjected to limited Review by the Stalulory auditors oi the Company. 2 The company is engaged in 1he sole acli\�ty oi carl}�ng oo tile business ol ·Promotion and Ma:11tenance of Software T ecllnology Park' and there!ore, has only one reportable segment in accordance with loo AS 108 'Operating Segments·. Hence. no separate segment reporting is appl:1:2ble to the company. 3 The Company has ass e ss the impacl of pandemic on its financial resulls based on U1e internal and exlemal information available uplo the dale oi approv[a] l of these financial results and expects to recover the canying value of the assets. The impact of COVID-19 on !he Company's financial results if any, may differ from the estimated as at the date .of approval oi these financial results and the ccmpany will con!inue to monitor any future changes in economic conditions. 4 The Code on Social Seculity, 2020 ('Code'} relating to emp!-Oyee benefits during employment and post·employment benefits received Presidential assent in September 2020. The Code has b e n pubo'.ished in the Gazelle of India However. the dale on which the Code will come inco effect has not been notifretl. The Company vJill assess the impacl of the Code when ii comes in!o effect and wm record any related Impact in the period the Code becomes effective. 5 Previous year/period's figures have been regrouped/recast. wherever necessary, lo confirm to the c!assification of the current period's '<-;_ •, .:� .. For and on behalf of the Boan! UNNAMAlAI�,..,,,, THIAGAR/U 1lMGAAAW< :Mrs. Unnamalaj Thiagarajan :; Place: Chennai fAanaging Director Date: November 11, 2020 (Dln,00203154) classification.

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5th Floor, Main Building, Guna Complex, New No. 443 & 445, Old No. 304 & 305, Mount Road, Teynampet, Chennai 600018, INDIA Tel: + 91 44 6131 0200

MSKA

& Associates

Chartered Accountants

Independent Auditor's Review Report on unaudited quarterly and year to date financial results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

The 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 September 30, 2020 and year to date results for the period April 01, 2020 to September 30, 2020 ('the Statement') attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended ('the Regulation').

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 Ind AS 34 'Interim Financial Reporting', prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other recognized accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagement (SRE) 2410, "Re[v] iew 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 financial results are free of material misstatements. A review consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement of unaudited financial results prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other recognized accounting principles generally accepted in India has not disclosed the information required to be disclosed in terms of the Regulation including the manner in which it is to be disclosed, or that it contains any material misstatement.

For MSKA & Associates Chartered Accountants ICAI Firm Registration No.105047W

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�> Geetha Jeyakumar Partner Membership No.: 029409. UDIN:Jl.OOd->JlfOC,f}-A-.qAJ.tR, Place: Chennai Date: November 11, 2020

Head Office: Floor 3, Enterprise Centre, Nehru Road, Near Domestic Airport, Vile Parle (E), Mumbai 400099, INDIA, Tel: +91 22 3358 9800 Bengaluru I Chennai I Hyderabad I Kolkata I Mumbai I New Delhi - Gurugram I Pune www.mska.in