Elnet Technologies Ltd. — Interim / Quarterly Report 2021

Aug 18, 2020

18 th Aug, 2020

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

Security ID/Code - ELNET/517477

Dear Sir/Madam,

• (i) Outcome of the Board Meeting Unaudited Financial Results for the quarter ended ~~t~~ h 30 June, 2020

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 ended 30[th ] June, 2020 along with the Limited Review report thereon issued by the Statutory Auditors which were reviewed by the Audit Committee held on August 17, 2020 and placed before the Board of Directors at its meeting held on August 17, 2020 was approved at the continuation of such Meeting on August 18, 2020. (Kindly refer Announcement under Regulation 30 (LODR)-Meeting Updates dated 1 f[h ] August, 2020)

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

(ii) Outcome of the Board Meeting- Deferment of board decision on issuance of securities

This has reference to the prior intimation dated 13[th ] Aug, 2020 the board of directors at their meeting held on Monday, 1 y[1h ] August, 2020 and continuation of such Meeting on August 18, 2020, the decision of Board of Directors to consider the proposal of issuance of securities was deferred for the requirement of detailed discussion.

(iii) Submission of information pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Pursuant to Regulations 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ("Listing Regulations"), and further to the intimation dated 19[th ] March, 2020 we wish to inform you that the Board of Directors of the Company at its meeting held on Monday, 17th August, 2020 and continuation of such Meeting on August 18, 2020 inter alia has re-considered, modified and approved as per the following and decided to seek and place the same for the approval of Shareholders in the upcoming 29[th ] Annual General Meeting of the company.

1. Increase the authorized Capital from 5 Crores to 100 Crores.

2. Amendment of Capital Clause of the Memorandum of Association.

3. Adoption of New set of Articles of Association as per the Companies Act, 2013.

4. Increasing the borrowing powers under Section 180 (1) (c) of the Companies Act, 2013 up to 500 Crore.

5. Authorisation under Section 180(1) (a) of the Companies Act, 2013.

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REGO. OFF : ELNET TECHNOLOGIES LIMITED, TS 140 BLOCK 2 & 9, RAJIV GANDHI SALA!, TARAMANI, CHENNAI - 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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In compliance with the provisions of Companies Act, 2013 and other applicable listing regulations and others, the earlier intimation dated 19[th ] March, 2020 to seek approval of shareholders through ~~p~~["'"'] ~~o~~[""'] ~~s~~[=] ~~ta~~["'"'] ~~I~~ __ _ ballot stands cancelled and modified accordingly as per the above board decision and the approval of shareholders is being sought in the upcoming 29[th ] Annual General Meeting of the company.

The Board Meeting commenced on Monday, 1 y[lh ] Aug, 2020 at 15.00 and referring to the intimation to stock exchange dated Monday, 17[th ] Aug, 2020 with respect to continuation of such meeting, the said meeting was concluded on Tuesday, 18[th ] Aug, 2020 at 19.45.

This is for your information and records.

Thanking you,

Yours truly,

For ELNET TECHNOLOGIES LIMITED

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& Compliance Officer
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Encl.: As above

Roar 5, Main Building, Guna Complex New No. 443 & 445, Old No. 304 & 305, Anna Salai Teynampet, Chennai 600018, INDIA Tel: + 91 44 6131 0200

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& Associates Chartered Accountants

Independent Auditor's Review Report on unaudited quarterly 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 June 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, "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 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.

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Head Office: Roor 3, Enterprise Centre, Nehru Road, Near Domestic Airport, Vile Parte (E), Mumbai 400099, INDIA, Tel: +91 22 3358 9800 w.mska.in Regd. No. 105047W I Ahmedabad I Bengaturu I Chennai I Goa I Gurugram I Hyderabad I Kechi I Kolkata I Mumbai I Pune

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& As ociates Chartered Accountants

• 'i. We draw attention to Note 3 to the unaudited financial results which states that the management has made an assessment of the impact of COVID-19 on the Company's operations, financial results as at and for the period ended June 30, 2020 and has concluded that there is no impact which is required to be recognized in the financial statements. Accordingly, no adjustments have been made to the financial results.

Our conclusion is not modified in respect of this matter.

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

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Geetha Jeyakumar Partner Membership No.: 029409 UDIN: 20029409A GL7509

Place: Chennai Date: August 18, 2020

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Head Office: Floor 3, Enterprise Centre, Nehru Road, Near Domestic Airport, Vile Parte (E), Mumbai 400099, INDIA, Tel: +91 n. 3358 9800 Regd. No. 105047W I Ahmedabad I Bengaluru I Chennai I Goa I Gurugram I Hyderabad! Kochi I Kolkata I Mumbai I Pune w.mska.in

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Enet Technol
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net Technolet Technologies Ltd

	S.No	net Technologies Ltd SATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2020 Rs.in Laks ! Quarter ended PartiaJ!ars June 30, 2020March 31, 2020 I_June_30, 2019: (Unaudite) (audited) ' (Unaudited) Year Ended March 31, 2020 (audited)
	1 2 3 4	Income ' Revenue from operations 547.28 583.29 6.5 Other Income (Net) 122.39 130.41 , 121.85 Total Income (1<2) 669.67: 713.70 . 728.39 ,Expenses 29.44f Employee benefit expenses 28.56 28.26 Finance costs 20.12 22.24 20.32 Depreciation and amortization expnse 91.07 93.55 9 7.31! Eletricity Charge 35.10 78.92 94.11 Other expenes 93.46' 148.65 137.30 · 2,403.69 508.14 2,911.83 117.83 • 86.64 387.73 330.38 522.14
I 5 6 7 8 10 11 12		Total Expenses 268.31 372.80 377.30 'Proft_befre_t,ax(3-4) 401.36 340.90 351.09~~i~~ , Tax expense ' 102.94 90.99, 10.43 Profit fr the period/ year (5-6) 298.42 249.91 250 . 66 ~~'~~ I _Oer_comprehensive income,_net_of income tax . 1.52 . ! Total comprehensive income fr_te_perod/ year (7+8) 298.42 251.43 250.66I Paid-up equity share capital 40.00 40.00 400.0 Face value per share (Rs) I 10.00, 10.0 10.00: Other equity - - . Earing per share (Rs) {not annualise e for the yearended March 2020) 1,444.72 1,467.11 382.18 11084.93 0.74 1,085.67, 40.0 10.0 8,134.49
I • Basic ' 7.46 6.25 6.27 i · Diluted 7.46 6.25 6.27I 27.12 27.12 Notes: 1 The above quarterly results fr the period ended June 30, 2020 were reviewed by the Audit committee held on August 17, 2020. These results were placed for approval at the Board of Directors meeting held on August 17, 2020 which continued on August 18, 2020 and has been approved on A 18, 2020. Thee reults have been subjected to Limited Revie by the Statutor auditor of the Company. 2 The company is engaged in the sole activity of caring on the busine of "romotion and maintenance of Software Technolog Park· and therefore, has only one reportable segment in accordance with lnd A 108 ·operating Segments·. Hence, no separate segment reporting i applicable to the company. ' 3 The Company has assesed the impact of pandemic on its financial results based on the interal and exteral information available up to the date of appoval of these financial result and e to recover te carring value of the assets. The impact of COVID-19 on the Company's fiancial results if any, may differ from that etimated a at the date of approvl of thee financial reults and the company will continue to monitor any future change in economic conditions. 4 The figures for the quarter ended March 31, 2020 are the balancing figures between audited figures for the full financial year ende, March 31, 2020 and nine month unaudited published fguresupto December 31, 2019. 5 Previous year/period's figures have been regroupd/recast, wherever nece ar, to confirm to the classification of the current period's classification. For Elnet Technologes Limited UNW= ��=:• " l . :W
		Mrs.Unnamalai Thiagarajan
		Place: Chennai Managing Director
Oate : August 18, 2020 DlN: 00203154 REGD. OFF : ELNET TECHNOLOGIES LIMITED, TS 140 BLOCK 2 & 9, RIV GANOHJ SAlAI, TAAMANI. CHENNAl. 600 113. TAMIL NADU. INDIA TL:+91-44-2254 1337. <91- -2251098 FA:<91-4-2254 19 E.mail : elnetcity@gmail.com_I_elnetinancil.com IWJ.elnetechnologies.com ·CJN : L72300TN1990PLC19459