Indiabulls Limited — Annual Report 2021

May 8, 2021

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May 8, 2021

Scrip Code - 533520 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, MUMBAI – 400 001

YAARII National Stock Exchange of India Limited ‘Exchange Plaza’, Bandra-Kurla Complex, Bandra (East) MUMBAI – 400 051

Sub: Submission of audited financial results (standalone and consolidated) of Yaarii Digital Integrated Services Limited (formerly Indiabulls Integrated Services Limited) for the quarter and financial year ended March 31, 2021, along with Audit Reports and declaration.

Dear Sirs,

Pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( “Regulations” ), we enclose hereto, for your information and record, the audited standalone and consolidated financial results of Yaarii Digital Integrated Services Limited (formerly Indiabulls Integrated Services Limited) ( “the Company” ) for the quarter and financial year ended March 31, 2021, duly approved by the Board of Directors of the Company at its meeting held today, May 8, 2021, along with declaration pursuant to Regulation 33(3)(d) of the aforesaid Regulations.

We also submit herewith Audit Reports dated May 8, 2021, issued by the Statutory Auditors of the Company, on the said standalone and consolidated financial results respectively of the Company, which were duly placed before the Board at the aforesaid meeting, which commenced at 06:00 p.m. and concluded at 8:25 p.m.

You are requested to take the same on record.

Thanking you,

Yours sincerely, for Yaarii Digital Integrated Services Limited

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Priya Jain Company Secretary

Encl: as above

Yaarii Digital Integrated Services Limited

(formerly Indiabulls Integrated Services Limited)

Registered Office: Plot No. 448-451, Udyog Vihar, Phase-V, Gurugram-122016, Haryana | Tel: 0124 6681199 | Fax: 0124 6681111 Corporate Office: One International Center (formerly IFC), Tower - 1, 4th Floor, S. B. Marg, Elphinstone (W), Mumbai – 400013, Maharashtra | Tel: 022 62498580 | Fax: 022 61899600 CIN: L51101HR2007PLC077999, Website: www.yaarii.in, Email: talktous@yaari.com

Yaarii Digital Integrated Services Limited

(Ponucrly known 1� "Jndinlmlls lnlegrnted Scrvicc� Limited") Stntcmcol of A11ditcd Consolidntcd Finnncinl Results for the qunrtcr nnd vcnr ended 31 Murch 2021

Stntcmcol of A11ditcd Consolidntc	d Finnncnl Results fr the qunrtcr nnd vcnr ended31Murch2021	d Finnncnl Results fr the qunrtcr nnd vcnr ended31Murch2021	d Finnncnl Results fr the qunrtcr nnd vcnr ended31Murch2021	d Finnncnl Results fr the qunrtcr nnd vcnr ended31Murch2021	d Finnncnl Results fr the qunrtcr nnd vcnr ended31Murch2021	d Finnncnl Results fr the qunrtcr nnd vcnr ended31Murch2021
	flls, in Crori}
Particu)!r	.l nsontbs cndcd t>r cding3 Corrc11011ding J 01rtnl ycu lndcd month• cndctl months cn<lcd 31 �Wh 2021 31 December 1020 31 March 2020 JI Mrdi 1011 (Refer Nole 6) Un11ml1cd (n.r, No•• G) Audi1cd					Prc\ioui year cmlctl 31 Mnrch 2.20 AmJiccd
Income a) Rvenue for. operations b\ Other m:ome	44.29 44.90 47.0) 16M6 JS 54 11.17 59 53 78.76 82.8 .G.07 10.62 247,22 34.67 28.31 28.85 10244 11.38 9.23 :7.12 42.43 3062 29.71 3257 124.62 5.6S 7.28 8.41 29.0 8.43 7.[JI 51.40 23.45 90,98 81,60 138.35 321.96 /8.151 125,53} (31.73) 174.74 3.38 3.75 8.92 H.34 005 (Q( 11.41 (143					225.47 122.5 34.03 132.78 66.66 129.65 3213 253.33 614.77 (266,74) 17.18 9.26
TotRI Jncomc
E,-p�nics a) Co:t of materual and :�cvi:e� b) Employee benef� txpen:� c) Finance co:ts d) Dapreo:tion and M10rtis2ticn t:p1mto cl Other exoense:
Tolal exrnrHC
Ln before lr Cor the ncriod/vcar
Tax e:,pen:e •) Curcent t: (mclucnz tari1er ycacs) b1 Deferredtaxfcred1t'/charoe
NetLou Arer fnx for the ncrod/ vent Other comprehensive income (1) Item: !hat wtl not be rccb::fcd to profit or lo: (1) Income lox :cfabng to 1l<m: tat will not be rccfo:�11lcd to profit or lo:: Otherciumorl'11em1ivcincome	111.5' 128.621 152.0! 18.65 (15.'2 160,91 (32?..72) 213.51 (.02 (0.01) (00) "8.74) 160.90 (322.721 213.46					/293.18 (831.9 (0.83) 1832,73 ii 125.91 (SH.23) l.! (2%53) 2.�5 (3.0) (33.f
'l'otnl comorchen,ivc income for the ncrocl/vror	(170.32) 132.28 (374.78\ 125.81 (15S.78 160.S (32,US) 213.32 0.0o 001 V. 014 (11.'2 (303S) (1.G fH1S) 0.14 1.76 (M0 6.83 (1.31) (3.� (57e (J0.5S) (1.31) (3.IJ (51" clQSl
01hcr comprehensive incme nnributnble to : C>tvners of the Hokhng Company Non-i:ontrolbng m�rc:t; Net.profit nllrlmrnhlc 10 1 Ownern o!'thc Holdmg Company Non-controlhng intcrc:tG
Eanlfngs per equit ,1111,c (Pace 1nluc of Rs. 2 per <CHILy share) -lhnc (in Rs.) -Diluted (mR.l		(1.31) (1.31)
P;ud-une�.Utvtharecan:tal•facevalueof'1. 2ret equ1tshl[C)(refrnote4) Otheromtv(u·riuduw· non-contcoi�n� mtcre:tl		1751	17.87	17.f//	17.51 4S6.27	1'/.i7 375.15
1 2 3 4 Nole8 lo the con�oli<lnlcd fmmci11( rsults 1 Y\aui Oig,tal lnte,ntc-0 Stn"lce: Lunted ("the Comp�.ny11or "the Holding Con1p;inf') Md 1t� 0Jb:ad1.lC3 ;re together refrred .=i 11tlu, Group" m the Cllo-Jng no!c:. 'ri1e Holdmg Comp;my conduct: It: opcrAhon, along wth 1t: :ttb1d1�tt:. Te con:ohd:tcd fn:u1c1al re:ult: arc prcp.ed m acccid;u�c, W.th the rccogmtion ;nd me;mum(nt pnnciplEa c( lndi:.n Accounting St,nd:d::,: nobfcd undortne Comp�uca (lncan AcCounhrg St:mr.rd:) Rule:, 2015 (n- :uncndcd) c :pec1fcd ut SC(tJOn 133 of the C-mp�.1� Act, 2013. The con:olidated fn3ccl n�ktl cf the Grcup fr the year ended 31 March 2(Ql have been rcv1'ed 1y the Aud1t Conumttee and approved by the B. d of D:rectors ("the Boacd•) at its tnllb:g h�:d on 08 May 201 and have been audtted by the St.t,;tory A1Jd1tor3 of the Company. The lndfan f';uit.n�nt he ;ppcoved the Code on Soclal ScC\mty, 2020 which would m1pict the conwbuhon, by tl;c Company tow.d: Provident Fund and Gral1Jlty. The }\/fni:try ofL:bouc nnd Employment h.: rel�.,:ed cl.rPf cule: for tb� Code on S0c1itl Scrur1ty, 2020 on Novcmbei 13, 2020, �nd haJ mVtcd :ur.e:t1on: from ctke holdu: wluch .ra \ll'd11t uctwe com,dc·rnton by tl1e Mim:lty. Ba:ed on ru1 uutin o::oc�ent by the Company iJ?d 1r :ub:.di..m':, tho ndd1to:ial 1.mpnct on Prov1dcnt Fund conttibutio:13 by the Con1p, y :nd ,t: Indian sub:i1dt;\1,� ii not e:pc-ctod ta lI m:tenal, where.;, tht! hkcly :dd1hon:l hnpact on Gratuity liab�1ty/ ce1�tiibut1ona by tl1e Comp2ny :ind n: :ub:1di1ue: could be materU. 11tc Company :.nd 1t<J �b::d:1c: will complete tboU c:valu.:tion once the :.ub1cct rUe: arc notifed and v,U gl\c appcoprilte impact u1 tiie fn:u)dal rE:t� m the period m which, the Code become: effocnve and the 1clatcd cul� to d-termtne the f11a1tcfal impact ,co pubh:hed Dunng the quarter endO 31 !'Urch 221, the Holding Company, through its estbj1shtd ttu:t "Sa Emp:oyee \/Elfare Tru�t .. (Sw-ya�EWI); had Ul comphance Wth SEBI (Sh:e Eased Employee Beneft:) Rgulaton:, 2014 purch�:ed 1t 17,5�27 Eq1tty chare: fom the open matket, for the 1mplementaton ;d :<mmc:taton cf 1t: employe�: beneft cchtni.e:. Te (1cc v�ut of tite:e char(: h;\c been deducted from to p.id-up :hare capn. of the Holdmg Compnny, nnd the c:ce: of amount p.d ovet fce v.luo fer their :cqw�bon hn\'l been adju:ted 111 the ofuer equ1ty. The:: acqwed ,h:e: h:wc cincc been :ppropnntcd towl[d! gr�nt of Sbre Apprcci�hon: Rht� (S�) on 12 Fcbcu,uy 2021 to the cmptoye<: of the Holdmg Company and it: :ub�:<iimc:, al permitted.

Nole8 lo the con�olimp�.1� Act, 2013.

2 The con::olidated fin3!'1ccl n�ktll cf the Grcup for the year ended 31 March 2(Ql have been rcv1'!Wed 1:y the Aud1t Conumttee and approved by the Bo. d of D:rectors ("the Boacd•) at its tnl!l!b:,g h�:d on 08 May 20'21 and have been audtted by the St.1t,;tory A1Jd1tor3 of the Company.

3 The lndfan f';uit.:un�nt he ;1ppcoved the Code on Soclal ScC\mty, 2020 which would m1pict the conwbuhon,:; by tl;c Company tow.ud:J Provident Fund and Gral1Jlty. The }\/fini::try ofL:tbouc nnd Employment h.i::: rel�.,::ed cl.rP.ft cule::: for tb� Code on S0c1itl Scrur1ty, 2020 on Novcmbei: 13, 2020, �nd haJ mV!.tcd :::ur..ge:t1on::: from ctlke holdu::: wluch .ara \ll'ld11t uctwe com,dc·rnton by tl1e Mim:::lty. Ba:ed on ru1 uutinl. o:;:::oc�ent by the Company i\J?d 1ro :ub:.di..m'!::, tho ndd1t:o:ial 1.mpnct on Prov1dcnt Fund conttibutio:13 by the Con1p, y ::ind ,t:1 Indian sub:i1dt;\l'1,� ii= not e:..:pc-ctod ta lJI'! m:ltenal, where.,..;, tht! hkcly ::dd1hon:1l hnpact on Gratuity liab�1ty/ ce1�tiibut1ona by tl1e Comp2ny :ind n::: ::ub::1di11ue;.:. could be materU . 11tc Company :.nd 1t<J �b::d:.u1c:J will complete tboU: c:valu.:i.tion once the :.ub1cct rU:.e::: arc notified and v.,U gl\'c appcoprilte impact u1 tiie fin:u)dal rE::ult� m the period m which, the- Code become:1 effocnve and the 1clatcd cul� to d-:!:termtne the fi11a.1tcfal impact ,-co pubh:::hed

4 Dunng the quarter endOO 31 !'Urch 2021, the Holding Company, through its est:1bj1sht>d ttu::t "Surya Emp:oyee \"/Elfare Tru�t .. (Sw-ya�EWI); had Ul comphance With SEBI (Sh:lle Eased Employee Benefit:.) R.egulat:ion:i, 2014 purch�:ed 1t::: 17,54�27 Eq1Jtty chare:. ftom the open matket, for the 1mplementat1on ;and :i<lmmc:tratlon cf 1t::: employe�::: benefit cchtni.e:. The (1.1cc v�ut: of tite::e char(':;: h;,.\fc been deducted from tho p.1id-up :::hare capn.il of the Holdmg Compnny, nnd the c:r.ce: of amount p.ud ovet face v.tluo fer their :.cqw�bon hn\'ll been adju::ted 111 the ofuer equ1ty. The::e acqwed ,h:..re:. h:wc cincc been :ippropnntcd towl,l.[d!: gr�nt of Sbre Apprcc.i�hon::: R.Je.ht� (S�) on 12 Fcbcu,uy 2021 to the cmptoye<':. of the Holdmg Company and it:l ::iub�:<liimc::i, al permitted.

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5 The pa.nde.mtc of Corona V1ru:. (COVID-19) h:is: ca1J:a:ed 1.mpreced1mt'ed havo::: to th� e-eor.onuc ;ct,\'ltj' all aro'.;Jld the Globe-. The complete lock dmvn :u1nounced on 24 1'..bxch 20'20 by the Government of India brought the wheel!: of econ-:>nu� :i.cbv:.ty to :t gnnding h:l . The opeutiom: ;.re clowly =u,d gcad•.1.-Uly r�'Jffilng ar.d c>:q>c::tcd to i:colCh pre covro 19 lcv-d 10 tlue c:ouc�e of tine. ·n,e Gi:oup 1:l contU\lOU:Jly :and clo:;ely ob:e.rvmg the unfoldmg �tu•hon and 'W1ll conhn,;e to do co. The Group ha:: con:-:d�red the po�:.).bfo ur.p.1ct of COVID-19 in prcp;ttul,C th!! f"1. ar1c1� ,c:;ult:; mciuding lht.! rccovc1ab?e •1.il•;e of 1ts a::!:ets .,nd 11� l1qu1d1ty po::1tlon b:mxl on u,tt:cnal ::md t-::<tem11 mfomrn.Uon upto the d:te ofnppto•;.U ofti�e:c rm�noa.l rc:ult�.

6 l7iguro:J for the q\wtac C1!ded 31 W.a.ich 2021 .»td 31 M.uch 2020 rtpre::mt the 1:-al:umng figur�:: bttwet:r. the 11.u.datcd figure:: for the full fu.1:mcul yc:..r o.nd p1Jbh::hed rcvi'!Wcd yc·,u to date fibuces upto third qu2rtc•r of the rc::::pectivc Gnru,c1� year.

7 The Gtoup[1] !: pnmary b[1] .1:;u1e!: �etmer.t 1� reflected ba:;ed on princ1p2.l bu.su1e: ,.cuv1hes CJitr1ed on by the Group. Ao per fndwi Ac�oW1ting Stsmd.ud 103 11:. notdied under the Comp.mie:. (lndwt Accounting Standards) Rule , 2015 � :pecif:t<l m S-ectton 1!3 of the Comparuc:: Act, 2013, the GcQup oper3tc:; u, fouc repottable ::::egm:ntG 1.e. management and mamt,m,mce ::::erv.ces, equipment centing i:etVJcez, finanang & rel:lted ll.ChVJbe::, at1d LED L:ghtmg M::l 1:J prun,x1ly opc·rntlllg in Imha and hence, consid:ited as s-.nzlc &eogrnp!u::al cegme11t.

Senmcnt reuhs{Consolidated)	Senmcnt reuhs{Consolidated)	_(I._in Crors 3 moncb• ende Pr cdug 3 Corrc,pondiug 3 Current year ended Prc,iou• yeur cndctl monihs ended mom Im cntk11 31 Mrch 2021 31 Dccc,nbcr 2020 31 Mcm:h 2020 31 Marh2021 31 March 2020	_(I._in Crors 3 moncb• ende Pr cdug 3 Corrc,pondiug 3 Current year ended Prc,iou• yeur cndctl monihs ended mom Im cntk11 31 Mrch 2021 31 Dccc,nbcr 2020 31 Mcm:h 2020 31 Marh2021 31 March 2020	_(I._in Crors 3 moncb• ende Pr cdug 3 Corrc,pondiug 3 Current year ended Prc,iou• yeur cndctl monihs ended mom Im cntk11 31 Mrch 2021 31 Dccc,nbcr 2020 31 Mcm:h 2020 31 Marh2021 31 March 2020	_(I._in Crors 3 moncb• ende Pr cdug 3 Corrc,pondiug 3 Current year ended Prc,iou• yeur cndctl monihs ended mom Im cntk11 31 Mrch 2021 31 Dccc,nbcr 2020 31 Mcm:h 2020 31 Marh2021 31 March 2020	_(I._in Crors 3 moncb• ende Pr cdug 3 Corrc,pondiug 3 Current year ended Prc,iou• yeur cndctl monihs ended mom Im cntk11 31 Mrch 2021 31 Dccc,nbcr 2020 31 Mcm:h 2020 31 Marh2021 31 March 2020
Pnrticulnr
		(Reftr Noh� 6) U111udifed (Refer Note 6) Audircd Audited
a	Segment revenue M;n:gemcnt and m.intemmce :�rice: Eqwpmmt rentig tfrv:��	11.33 9.87 13.98 11.4 6,B2 17 58 37.% 46.73 26.85 7565
b	Pinanang :.nd re::�ed :ctwihe: LED hnhtu,g Othern�' Toto! L<::: Inter te.ment rc\rinUe	3.C 6.92 15,65 16 62 0.33 44.29 44.90 . 1.' 1244 2.�3 47.09
	Revenue frm oocrations	44.29	4.90 47.09
	Segment results M:natcment :ld mamtcn.nce :erv.cc: Eqwpn!ent t<nting :ervie: Financ111g �nd rcl:tcd �ct1v1h, LrJD hghtmg Oth�n•'' Segment prof1/(loss) before tax nnd interest Lc:-: lntNest LQ::Other unallo::blcexpend1twe net ofuolloc;iblom:ome	0.25 (.()) (.68 (l.� 185
		14,96 27.31 (4.2Q	(4.72) 27.81 t7,0'I	(8.95 24.5 11.w 3.09 111.03 133.'		(32.03) 90.88 1'·3,83
	'J'otnl Joss before lnx	/8,151	125.53)	'31,73) 174.741		**(266.741 **
C	Sc,numt R!Sch1 M;nocem(11l and 1mntem.ncc t�rv1cc: EqUlpmmt rcntU\f :!"rv:cc: I7inancmg n.nd related activlh's LED hahtu,n Oti1erc* Ur:allocoted n:�ets	2530 1%.15 lC58 2'/.7'/ 320.43 823.05	20.76 204.22 l'/4.98 24.88 t,Q..65 1,133.72	18.38 215.93 217 67 39.44 423.31 (i97.0 25.3 1%.15 165 27.T/ 32u-1, 823.0		18.38 21!93 217.67 39.44 423.31 69'/.0
	'foh'�I	I553.28	I 963,21	1,611.73 I551.28		1611..7�
d	Scgmtnt IJ11Uilitlel M:m:gement r.i1d m;u11tcnll:!e :(CVIC� Equipment 1mtu1g :Efv:cc: Finanone and ftlated ict1*•*U�: LEDhghtu1g Other�" U1ulloc,tcd IC1b1bcs	18.12 45.77 67.39 27.18 1.84 _(J.16 _	14.91 51.00 66.60 20.8 1.W 1188.%	12.5 5S01 10.1. 2�.3! �HO 9!91 18.12 4!77 67.39 27.18 1.€4 %1.76		12,� 55.01 1040 26.38 �1.00 925.91
	'l'otnl	I 122.0	1344.57	I 291,28	112.06	I 291.28
	.t,Nonteocrtable :!�ment:ho..c beenrro'Joed1n other:

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8	8	8	8
	Fina11c1al as:er: Inve:tmcnt: Lo'c Othet fnam.,; as!t: Deferred ta. a: etc, net Non-currnnt btY a�:ets1net Other not-eirrent a::etc	457.�7 244.83 64.00 192$3 6.7a 20-) C91 0.37 18.82 28.75 0( 014
	TotnlorNon-currntRncts CurrcntUN!Cl9 Invcntonc: Financ1al a: ets Inve:tments 1'rade receivobloo Cnh ad c::h Gquivafont: Other b•nk b,knce, Lonn:i Oth(t fm1nc1al n: ctc Other currentaciets	783.70 82.37 2!.S 28.48 1:.66 296.48 83.0 81.0 2G4 135 1.02 1./ 2r�s.os 1220 4.78 3.C 315.G3 318.51
	1obll of t lrCUl f\S!�l� Totnl of rset	842.14 B<0.93 1,62.84 1,684.30
	EOUl'l'Y AND LIAUIL!TIE
	EOUl'l'Y AND LIAUIL!TIE
	t�Juity Eq•.ut Shore C,pibl Othet I!l\ntv	17 51 17.87 394.19 2033
	Totnl of I1ulty (for owner or1mrlnt)	411.70	308.20
	Non.ontrollno intere:t Totnl of Equity	92.0 50.78	84.82 393.02
	Llnuillti . Nnn-uurruut li:tbilitie1 Fm:mci:l l:nbUiti!s Bo[rowinga 67m Leace I.1abil1t1ca 3.52 Prov1:1oni 4.33 Other non-current babihtie� 211		2:,ss JO.C 4.68 2.95
	'otnl of Non-currnt Jinbilitics 77.9 Currnt linbiliticj Finand: liabibtie� Borrow1ngc 23.S Leo=e Ltabi,tieo (39 1'rndo J»yobleo -tot:l out�t:11di1,g dues of m1cco cnterpm:e: and :m.1 11 er.�e1pw:c: 153 • toti outt:andmg du� of creditct! other tb.n m1cto e1tcrpr:c: and !1ti.'il entecpri:c: 220 Other financtal iiabil1oe: 74.87 Oll\tr <i.ment lubihlte: 715 Provicionr Q(( Currentt�: h1b1Uue2, not 1274		43.5 838.4� 3 29 9 40 22.43 35241 12.5 0.08 9.:
	'oll\l of Currnt linlilitlcs 1,0 .13		1,247.75
	Tot1tl of Equitv nnd Lhlbllities 1,625.84 1,64.30

/j

9	Cnsh Flow !HRll!m�nl for lhoyearentht<l 31 M:,rch2021(Con1olidntod .A11clitc<l)	(R, in Cror,)	(R, in Cror,)
	l11l1tlculnrs	i:·or the currnt ycar cmdcJ 31 Morch 2021	Por lhe pr\ou, y<nr ended 31 Morh 2020
	A. Cnh now from operting acti�ties: Lo:, before t:x Adjustments fr 1 Dtpreciatton nnd :norbzat1in fXfEO:e Irtere:t oxpencc Ir.tere:t tm:omo fote,�t mcomc (:om fnancng :nd related a�tiv1t1e: Net !co,/ (am) en d.recogmtion of 2:iged !oms Intere:t Spread i'1tome on fC:l lo:n Dividend mcomo Locs/ (roft) on redempton ofmv�:tmtint Fnir v:luabon of fnancl21 mttumen!�1net Pioft on n.le of property, pl:t :md cqwpm:mt Lo: on cie/wnt'cn off of p,cperty, plant �dcqU1pment Provi:1on for employee beneft ?roVlsions ag.. 1m:t stmd�d : ets Provision fr warr.t1e! LL,bibc: wntten b:d: Ptovicion for rxp«tcd cccd1? lo: fmp. iment or goodwill Po-recog11:tion of!•>=• hab:lity Share b::cd piyme1tt t.ftl1c: Opcrnting Ion befor working cnpilnl dumge! nml other ndju!L11lc11ts \Vorking crpil't\l changes nnd other ndjustments1 Trade reccrabl�� Lo�m• and othcc fnano: �;et: Other a: et: Invcntorie 'I'iade pay:blc: O:her fmn."lccl lllbtlite: O�her liAbil:tic: s.nd prow: 011: C111d1 genemted fom/(used in) operating 1civities Intere:t cecerved from fin:utcmg :md related aclVlt�: Interc:t p:ud on borrowing fom fnar.cu1g and re!.tted activitie, IncometaY fo:d)I u:rund rectived.no:	Audited (4.74 290 123.37 (49.97 (4.01) 3.16 (:S) 3.51 (1lJT 0.45 (0.0!) 03 0.13 (0.97) 3.32 (003) 2.% (21.19) (.32 136.23 3.68 2.92 !5 7075 (543\ 817.17 24.9 ~~(~~8Jl 841.27 (2.22) 110.79 (0.01) 0.0 16232 (l31.55 .9.S Audited (266.74) 32.D 123.84 (43.98) (26) (3.10 (34.93) (8.19) (16.98) (14.33) 01 1.80 015 (0.18) (WI 0.59 SS.42 :\28 (199.94) SC (11.95) 1.36 (1.0 100 12.1> 19.83\ (219.74) 31.03 (1.54) 1&23\ (218.48 (11.S) 17.46 0( o.o (474.14) (103.� 37.16 34.93
	Ncl c1nht!CUCml'!d frm/ (m1cd in) Or><ra1ine11ctivitle!
	1. C\l'h now Crom Jnvcating 1tcth•itirs: Purch�:e ofpropcny, p;�t ::1d c-qu.pmcnt u�<l o!1c-r mtangiblc �:et1 Sale of property, plnt and cqu.p:ncnt :d o�hcr m'angbfo a::et: (!1wc:tent m)/mat•;.nty of fxed depc:lts I11terett recli\•ed OJ\ rax�d d�os.t: !nvc:t1mmt ut :-cunn�:. net Inter-corpornte lo:: gwt11, 1�et Intere:t teiei•:ed Dividend m:ome received
	Net rsh renerated frm/fused inl invetin� activities	179.21 ~~(4~~98.~~74\~~

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	c. C1uh fow from finnncine· ncrh:i1ies1 Payment ofie,,t: h:bihtte: Acquls1ton of tre;:tJry rh:!rc: Borrowmg. fom banks ;md fu1.ci m:titution: P. p•yment of bcuowings to b.anb. �td fuum:1.l m:tltubon: Proceed: from non conve1riblC d�bertwe: (R2paymcnt ofi prococd: from m!or-co1poutc borrowing:, not rmerc:t o:ud on bonowl ?:	c. C1uh fow from finnncine· ncrh:i1ies1 Payment ofie,,t: h:bihtte: Acquls1ton of tre;:tJry rh:!rc: Borrowmg. fom banks ;md fu1.ci m:titution: P. p•yment of bcuowings to b.anb. �td fuum:1.l m:tltubon: Proceed: from non conve1riblC d�bertwe: (R2paymcnt ofi prococd: from m!or-co1poutc borrowing:, not rmerc:t o:ud on bonowl ?:	c. C1uh fow from finnncine· ncrh:i1ies1 Payment ofie,,t: h:bihtte: Acquls1ton of tre;:tJry rh:!rc: Borrowmg. fom banks ;md fu1.ci m:titution: P. p•yment of bcuowings to b.anb. �td fuum:1.l m:tltubon: Proceed: from non conve1riblC d�bertwe: (R2paymcnt ofi prococd: from m!or-co1poutc borrowing:, not rmerc:t o:ud on bonowl ?:	c. C1uh fow from finnncine· ncrh:i1ies1 Payment ofie,,t: h:bihtte: Acquls1ton of tre;:tJry rh:!rc: Borrowmg. fom banks ;md fu1.ci m:titution: P. p•yment of bcuowings to b.anb. �td fuum:1.l m:tltubon: Proceed: from non conve1riblC d�bertwe: (R2paymcnt ofi prococd: from m!or-co1poutc borrowing:, not rmerc:t o:ud on bonowl ?:	(1.43 (3.97) (17.99 0.1! 1.0 (26C\CI (44.37) �956 (S9.5S) S29.0, (1€,J] (65.01)
	Net cnsh(111edin)/aeneratecfrom finnncino nctilillc,				(1,004.391 716.72
	D. lncrense/ (decrnst) in ciuh nnd csh equivalenl�, net (A+H+C) E. Ca:h and c�h eqiJlvalents :t tre bcglflnmg cf tl:e year p, Cash anc cah equivalents at the end of the yer (D+E)				16.09 (0.50) lC35 mss
					26.44 10.35
		Yaarii Digital Integrated Services Limited (Pom1orly known n, "Indinbulls lntegrcd Scl•iccs Limited") Sl1tcmcnt of Audited Stundalono FinRncial Rcsuh, fr lhcqunrterand vcnr .ndcd 31 M11rd1 2021
					(JU, in Crors'
Pnttic11Jnr lncomo : Revenue from oper;tion: b) Other income		3 month! ended PnccdinJ mond1• ended 31 M'fch Z021 3J Dcccntlcr 2020 (ltcfcr Note 10) Unnlldhcd a:o 0.71 049		Cort�8(ondlng 3 monllu1 ended 31 M,uch 2020 (Rcf<r Nole 10) C1 t.39	Cur l year ended Prc,iou, year ended 31 Mch2021 31 Morch 2020 A1KlhcU Aud.tc< ClO C\00 4.74 8.54
Totnl in<omc		0.81 0.49		1.40	4.84 8.60
Exp(nscs •) Co:t ofrevcnu b) Dmployco bcntft: **c)**\ **f n.u,:o co:l:**\ **d)**\ **Dcptcc1atlon �nd .mo:ta:aton �>:pc:�:c o) Other cxoen:.:		0.03 1.99 C75 Z7.16 26.5 021 0.21 0.87 0.37		1.55 5.24 C\52 14.47\<	aoo 4.16 6.03 65.42 18.39 1.0 1.0 2.27 2.16
Tot1I tXJJcnscs		30.61 27.87		2.84	92.93 27.64
Los! befor tns fr the pcriod/vc.ir Ti." expt ce •) C\U'tc11t ta (inc:ud.ng <. lt�r yc.c:) b) **Deferred tax ch:u,c/ Cctcd1t) **		(29.80' (27.S		~~(J.44)~~	(8.09) (9.04)
				- 1.81	1.6 1.81
Ncl lm nrtcr trc for lhe ocrio,t/ vc:,r		129.80'	127.38	*13,25*	18.09l 122.45)
Olhcr com11rehc11siv� income (0 Itcm! th:t will not be u.d2: 1ff to profio oc lo: (.19) (u) I11come t.,x rclntmr to ;tem: tb1twillnet be 1cc!a: 1fcd to profitor lo:J Other comurchcnsive incme i0.19l			-	0(Y 0.02	(0.19) Q.Ql 10.191 0.01
Total comu,ehcnsivc incomc fr the r>crod/ycar (29.WI			(27.38	(3.)	(8.2 **(22.44 **
E-�mings per equity slum� (Pace value of Rs. 2 per cqnlly shnrc) -Bo,ic (!n R,.) (.3·1 -Diluted (u, P�., (3.,..			(WT) 13./	(0.3 10.?.,	(9." (251) (9.S: 12.5\1
F:d.1Jo cntlltv ch:ro o.o,ti (rcc v;hie ofR. 2 nerE<'JltY chare)(refH 11otc-5) 17.51			1'/ 8"	t'/,87	17.51 17.8'1
					14?1.62 **1.600.43 **
*Oth�rfY.Oem:e: mdudt: rc;•er:.l / 1t.!i:.t1on of f:: va:u:hon lo: e: of P.r.. 5.21 ctorc: on finiJ1CL11 z:;tt: 1eco11:e 1il 31 Dec(mher 2019.

	**c. **	C1uh fow from finnncine· ncrh:i1ies1 Payment ofie,,t: h:bihtte: Acquls1ton of tre;:tJry rh:!rc: Borrowmg. fom banks ;md fu1.ci m:titution: P. p•yment of bcuowings to b.anb. �td fuum:1.l m:tltubon:	(1.43 (17.99 0.1! (26C\CI	(3.97) 1.0 (44.37)
		Proceed: from non conve1riblC d�bertwe:	�956
		(R2paymcnt ofi prococd: from m!or-co1poutc borrowing:, not rmerc:t o:ud on bonowl ?: Net cnsh(111edin)/aeneratecfrom finnncino nctilillc,	(S9.5S) (1€,J] (1,004.391	S29.0, (65.01) 716.72
	D.	lncrense/ (decrnst) in ciuh nnd csh equivalenl�, net (A+H+C)	16.09	(0.50)
	E. p,	Ca:h and c�h eqiJlvalents :t tre bcglflnmg cf tl:e year Cash anc cah equivalents at the end of the yer (D+E)	lC35 26.44	mss 10.35

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• Notes to sl'nml:llonc financinl rcsoh!J The &tand.'Uone fir.ane;.al rc::ults of Y:um D1i1t� Intezrnted SerV1ces Limited tthe Con�puiyj for the y<'ar 12ndcd 31 March 2021 have been rcvic,wcd by th� Audit Committee �.d ;ippro••ed by the &iltd o! D1tectot:; f'the Board") at 1t:; meeting held on 00 M.oy 2021 :md hnve been .i.,.1dtcd by the Statutory Allchton: of the Comp;my.

• 2 111c ctandalc,ne !inanoil re:ultc ru:e prcp;,.ced m :iccordt1ncc with the cei::otmtlon nr.d mcJ:uU'rnmt pmmplE:: of lndJ.1n AceowHmg Stand.u:d:J a:. notified \u1de, the Comparues {lncli,m Accountrng St:md:uds) Ruic�, 2015 ( a:; :mwnded) ;.:; cpccificd u\ �ccton 133 of tho Compan1e:i Act, 2013.

• The Indian Fl ;\Jncnt h:i:; :i.pproved the Code on Social Sccunty, 20'2'0 wl:ich would u11pact the contnbubor.:i by the Company townrd:: Pcovldent Fund :md Gralt.Uty. 1'he J,.£rJ:tty o(Labow .md Ernplo)'mcnt has cclea:ed d raft rule:: for tiu.1 Code on SocuI Security, 2000on November 13, 2020, :;nd h:.:: inv:ted :•;gg.e::tion:: from �t:Lke holder� which Qre und�r active con::derntlon by the M1m:try. Ea:cd on an uut�l a:::es:;mcnt by the Company, th� a.dd:.tJ.onal unp2ct on ProYldent Fund contributions by the Company 1: r:::t 12xpected to be nuternU, whcrea:.:, the lll:.1!y n.dd1t1.onal 1mp2ct on Gr,ti.11ty bbi!.ity/ contribut:Lvns by the Company ;md 1ro Ind1;n rob:::.di.ane; could be 1r.a?eu:al. The Company will complete 1t:; eva.1uat1on once foe 1mb1ect 1t;!e:: :l notified :md will g.·1e appropriate ,mpact in foe fui:an:1.21 re:u!t:: m the p�uc:i in which, thE Code become:. effective imd tile rc-Ia.ted tU:.e:: to do�crm10e the f1nmcial impact arc publL�hed.

• 4 The Company'� prinwy bu:u,es, ::cgmcnt 1:; reflected b�od on ptutcipal bu:u1e::: :1cbv1t1el earned on by :he Comp:.ny. Ao; pet Indian Accountmg Stt1nd:ud 103 :.:i notified undor the Compame:: (Indian Accounbng Sta.nd:1Cd2) Ru!(';, 2015 :.:: :ipccified Ul Sectton 133 of the Comp:info::; Act, 2013, the Comp�y opera.tes 111 one repo,t-:1bl!! busU\eo: cegmffit n:1d ,:. pum.uily 01!eratuig in Ind\;I :'t.nd hence, com i drn:id 11: i.mgfo geograph1ccl tegment TI1e Compmy cam- on different bu:;me::; through invc:b.ncnt :n :1Jb:.:dJ: 1c3.

• 5 Durmg the quartet �1td1d 31 'h'!:irch 2021. the Company, tluough 1t::; e tabh:;hed trwt ".Surya EmplcyEc \T/clfarc Trust" (Surya.E\VI); h�d 111 compli2I1ce with SEBI (Sha.re B�ed Employee Benefits) R.egubbor,:i, 2014 pw:cha:ed 1t:. 17.54.327 E!q?JJty rhare:1 from the open market, for the unplemenW.tion and .!.dnunis!r.i.hon of 1� employees benefit :cheme: TI1e face value of th�:!!: ::h�c:i have been deducted from the p.ud· up :;hare capital of the Comp.my, �":d the exce:;:; of amount p.rud ovfr face value for thw ::cq'�tlon have been ildJwted in the other eq\uty. These acqUU'cd sh...re2 ha\•e �ce been :.ppropaated towards grant ol Shau Appreoatior:.s Right:. (SAR:-;) en 12 FobrWLy 2021 to the employee:. oftne Company r.nd 1�� :.ub:.:d1.lne::, � pcurutted

• 6 rn ocdN to chQ!tc:r iight direchon for 1ts contu1uou:; foc,;2 ruound promotu,g d.igttal platform b[1] J::ne: e:; :md to grow ro ne:<t frontier, !:tie Comp;in7, on 19 W . tcit :021, launched ;1 :oo.al commtrce mil!kctplace 'Yaari', which W l enable i;maD bu:uv:i::e� :ind md1v1du.1b C're::ellcm::'1 to st:ut thell'. bu:u,e::: onlint vi., tco:ll ch:umel:: i;.uch ;,.:: \'qh:1tr.App, F,r.ebook, lnct,guun etc. It 1:: ;.n o:11me rc:elling :ipp which wi empower indiv idui;il, to :;t.ut their own onbne tus:u1c: from home with :mo investment. Y:a:U'l app wi hJve a v.u1ety of product� to choose ftom, th.it the rc:eller, can re:;o!l am;;.ng theLC :cc1al contzct:;. Tho app 1:l dr:-:1g11cd to c.1::ily allow ntl!tU(t:etuccc: ;ind :uppbctt. h!it their pcoduc� onlmc :ind ma.t..e a viable :tltcrnate channel to market their producta F:tn Im: ('t. TI1c resellets thr:-n lever:iging the powet of eY.1::Ung ::ociiU nttwotkc, w1:! m:irkct thc::c products to theu: cont;;chl and thereby ::upplcment:mg their mcome through the pb.t(o, m.. 111e .;.pp a. o provide:i n:pmng enU<'pnmeur:i, espec1n!ly womc-n, the e.ic! to tt:u:t an online bu:ine: from home by taktng awr.y 11 : k of inventory rnan:igemen�. p.;,ymtints :and even order fulfilment Ya.;:.n z.pp ecup!ed w::11 d1&1t:illy connected Bh;u-at, will accelerate the g1owth of online commerce and create an ecosy!:tcm that en.; !,; u1cCm!! :,;pfoct for ;.:;p:nr.g Indiam:.

The potndc-mk of Corona Vnw (COV1D·l9) h� cau;ed unpctced,mted havoc to the econcm1c a;;trYJt'j all :uow,d the Globe. The complete lock down announced on 24 h do :o. T."lc Company hl:l con:.:dcrcd the po::ibl� 1mp.1ct of C(JVJ0-19 m piepaung the fin:int1,l 1c::u:tti uidudmg the rccovcrnble value of 1tc r.: ets :md itc bqu1d1ly po:1t1on �l:ed on u,t('m;tl .1nd atcrn;tl 111format1on upto the date of.1pprovJl ofthc:e fu1anaal :e:uh�

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Dnlano Sheet as at 31 March2021 {Stnml.1lonc• AmJitc<l)			(Rs. in Crore•)
Pnrticulnrs	A:nt 31 Mnrh	2021	A� nr 31 Murh	2020
ASSETS	Au<ite<		Au�ltod
Non-current J$SCts
Fropccty, plant and cqupmcnt C2pitl work-111-progre:;		1.01 o.62		I.OJ
Right to uce z:et Other utru.1gith� a::�ts				200 095
Financia r et: lnvettrent: Loanu		676.66 ((		68U'I 0.12
Deferred tax .::et� r:et Non-cw:rent ta ;::et:, net Otl1er non-:w,ent �5:ers Total or Non-currnt a ets		0.2 679.08		OS 68.13
Currnt ruscts Inventone: Financbl :cceu Invc:amcnu		O; 22.40		0.38 223.22
TtAdo receiv.b!e:		(\67		(\72
Ca;h and cnch eqwv.�ntc Loa.ns	220 1,781.0			0.72 945.35
Other fnanc:al a::etc Other ccrent 2::ets 'l'otnJ or curent R. ets 'l'oLnl of AHctv	278 208.2 2,67.l			26 1,172.99 1,860,12
flQUIT\ A.ND 1,lADLITIE
flqulty
Equity Share Cap,1 Other Eou1tv Totnl of E<111itv	17.51 1,491.62 1,50.13			17.87 1,(43 1,618.0
Linbilltics
Non-cur�nt linbili1ie,
Fin�ncud liabil1tfo:
Lco::l.iabil1t1c:				2.31
ProV1: onn 'l'otal of Non�cur:ml JiRbilities		0.59		G.30 2,61
Currnt linl,ilitie�
Finaaal babi t1e: Botrowmgs Le�:o L1:bi1t1�:		72M5		2'.97 C.50
Trodo p,y,ble:
. total out:tandmg due: o( mu:co cnte,pri:�: �nd cm;lll cntccpu:e:
• tot: out:t.1d 1g due: o( ccedi�or: o!hcr than 1111,ro l'lltccpn:c: and :m.,U cm!<rpn:e: Other fn2.nc1al babilihe:		�45.43		15.63
Othec current babi1t1c:		�.52		1.95
ProVson:		C\01		0.01
Cu[rent ta.,o lu.b:Ube! ne� Tolul of Current linlJilitits **'l'otn1 of Fouitv nnd Linbili1i<, **	1,17.61 2,67.33			0.15 239.21 1,860.12

9Cnsll Pk>w:tRl<mcnl fr the)'enr ended JI Mnrch 2021(Slnn**Pnrlcuhtr**\ **A.Crh fow Crom opcmting nctivities:**\ **Los: before ta**\ **Adjustmenl for:**\ **Depcecahon :nd .morb:anon expem;e**\ **Interc:t mcomo**\ **D1ldcnd mcome**\ **Intere:t e>-pen:e Proft on nl, of Im·e:tent: Provson fr erpioyce benefts Less on sale /witten off of propErly1plant .d equipment Balance wntten b�ck Fa v;lwton c(f11:mc1: ::et: Derccogn1t1on c£ le;:c habbty Share based paymen� cxpcm;e Opcrnllnc Jou bdoro wotkina <pitRI chnngc• nnd other n.dju1tmcntt Working cnpih\l chnngcs nnd other Rdjustmcnhl1 Trade rc,e1v.ble: Lo:: snd :dvance: Other fir".:1tm:t .:�e� Other a: ets lnventoaE: 'frrdc p3lb:e: Oti1or fu1•ncw l.ib:uues Othct cumt liabi:1t1,: Cnsh generated from/ (used in} opcrnting nctivltic1 Income t. (oa.d /refun:i rece.ved net Net mshvcncmtcd from/fused fo) oueratim, ncth·itle, ~~u.~~ Crh now from inv1.�ting :1L1ivitics; Putch::e of prope1ty. plant and equipment and othtr int:mgblo m::c•t; Invc:tmcnt u1 eqwty :h:uc: of :ub:diac1e Sale/(Invc:tmcnt) u1 :c:unues, net Inter-corporate lean: gwm/ rccc1vc<l b;cf.. net Intere:t recc1vod Dr11dtndincomerecei.<d Net cashused in in1etin1 nclivilits c. Cah fow from financng nctiviticsr F.yn1,nt of 1,::0 h•b1u10 A�qui;itionof1h·J:'ry :hoe: Tntec-corpo13to borromng: tnken lnter-co,p:r.1te bouowng rep:ud Inteie:t p;d en banow1ng: DlVldCndsp.du1dudui2 corporAtedtVld�ndtx Net cash fow fnn, Gnnncinf, activiaies l, lncrensc in cnh nnd cash cquiv:tlcnls, ncl (A +U+C) 8. C: h :nd ca:h eqwvalmts �t the beummg of the yc;u (1, C1uh nnd cnshcuivRlcnls nt 1hc end of theyear(D+U)	(fu, in Crorcs)	(fu, in Crorcs)
	Po, the cumt ycnr For thf previous ycnr ended ended 31 Morch 2021 31 Moroh 2020
	Audited Audited
	(BS.00) (19.04) 1.0 l.C (4.35) (HT (0.0 (0.18) 85.39 17.01 (0.22) (o45) 011 011 . 0.01 (0.0 (0.58) 0.47 (0.5) (0.0) 212 3.G2
	(3.70) (105 (t( (0.18) 0.0 444.55 1.61 442.50 0.2	(5,77) (0.01) (0.18) (114 (010 (5) 0.04 1.0 (7.47) _(1.17 _
	442.70	114.64)
	(!.� (Ct55 (149.0) ?SI 431.37 (836 ..) (492.!. 4.' 6.77 00 **( 8 **
	18.67** 1203.731**
	(0.� (C35 (17.9) 3,9'0.1- 26;A4 (3,472', (4�.4'T (10�15) (l.86) (O�:
	389.45 218.76
	1.48 0.39 0.72 Q33
	2.20 0.72

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,'':'.')

10 f 1 gwes for thoe quartE:[S er.ded .31 Mt..ich 2021 .md 31 W..u:ch 2020 repre;;ent the b:;lancmg fig-Jre:: belwee.r. th":' �1Jd1�ed figure:: for the full fu-.;mcJ.tl y�ar :ind pu�it:.hed rev:ewcd ye;.r to dJ.te figure:. upto timd quanei ofth� te::pechve fmm:-131 year. Rogictortd Office: P:ot No. 44S-451 Udycg Vuw, Ph.:o-V Gurngrnm, !foy,na 12:016 For nnd on l,clmlf of Bonni of Dlrcctoni Co1pornte ld•ntity Nwnbor L51 !0IHR2007PLC0779i>9 Plncc1 Gurugmm Dato, 08 Mar 2021 E.-...ccutivC! Dirl'Ctor & CEO Ku�

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----- Start of picture text -----

For nnd on l,clmlf of Bonni of Dlrcctoni
E.-...ccutivC! Dirl'Ctor & CEO
Ku�
----- End of picture text -----

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Agarwal Prakash & Co. CHARTERED ACCOUNTANTS

508, Indra Prakash, 21, Barakhamba Road, New Delhi – 110001 Phones : 23730880/1 Fax : 011-43516377 E-mail : contact@apnco.org

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

To The Board of Directors of Yaarii Digital Integrated Services Limited (formerly known as Indiabulls Integrated Services Limited)

Opinion

1. We have audited the accompanying consolidated annual financial results (‘the Statement’) of Yaarii Digital Integrated Services Limited (formerly known as Indiabulls Integrated Services Limited) ('the Holding Company') and its subsidiaries (the Holding Company and its subsidiaries together referred to as ‘the Group’) (refer Annexure 1 for the list of subsidiaries included in the Statement) for the year ended 31 March 2021, attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’), including relevant circulars issued by the SEBI from time to time.

2. In our opinion and to the best of our information and according to the explanations given to us and based on the consideration of the report of other auditor or separate audited financial statements of a subsidiary, as referred to in paragraph 14 below, the Statement:

3. (i) includes the annual financial results of the following entities (refer Annexure 1 for the list of subsidiaries included in the Statement);

4. (ii) is presented in accordance with the requirements of Regulation 33 of the Listing Regulations, read with SEBI Circulars CIR/CFD/FAC/62/2016 dated 5 July 2016 (hereinafter referred to as ‘the SEBI Circular’); and

5. (iii) gives a true and fair view in conformity with the applicable Indian Accounting Standards (‘Ind AS’) prescribed under section 133 of the Companies Act, 2013 (‘the Act’), read with relevant rules issued thereunder, and other accounting principles generally accepted in India, of the consolidated net loss after tax and other comprehensive income and other financial information of the Group for the year ended 31 March 2021.

Basis for Opinion

1. We conducted our audit in accordance with the Standards on Auditing (‘SAs’) specified under section 143(10) of the Act. Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Statement section of our report. We are independent of the Group in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (‘the ICAI’) together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that our audit evidence obtained by us and that obtained by the other auditor in terms of their reports referred to in paragraph 13 of the Other Matter section below, is sufficient and appropriate to provide a basis for our opinion.

1 of 5

Independent Auditor’s Report on Consolidated Annual Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (cont’d)

Management’s and Those charged with Governance Responsibilities for the Statement

1. This Statement, which is the responsibility of the Holding Company’s management and has been approved by the Holding Company’s Board of Directors, has been prepared on the basis of the consolidated annual financial statements.

2. The Holding Company’s Board of Directors is responsible for the preparation and presentation of the Statement that gives a true and fair view of the net profit/loss after tax and other comprehensive income, and other financial information of the Group in accordance with the accounting principles generally accepted in India, including Ind AS prescribed under section 133 of the Act, read with relevant rules issued thereunder and other accounting principles generally accepted in India, and in compliance with Regulation 33 of the Listing Regulations including SEBI Circulars.

3. The Holding Company’s Board of Directors is also responsible for ensuring accuracy of records including financial information considered necessary for the preparation of the Statement. Further, in terms of the provisions of the Act, the respective Board of Directors / management of the companies included in the Group are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Group and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial results, that give a true and fair view and are free from material misstatement, whether due to fraud or error. These financial results have been used for the purpose of preparation of the Statement by the Directors of the Holding Company, as aforesaid.

4. In preparing the Statement, the respective Board of Directors of the Companies included in the Group are responsible for assessing the ability of the Group to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting, unless the respective Board of Directors/management either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so.

5. The respective Board of Directors/management of the companies included in the Group are responsible for overseeing the financial reporting process of the companies included in the Group.

Auditor’s Responsibilities for the Audit of the Statement

1. Our objectives are to obtain reasonable assurance about whether the Statement as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with the Standards of Auditing specified under section 143(10) of the Act, will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this Statement.

2. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

3. Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a

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Independent Auditor’s Report on Consolidated Annual Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (cont’d)

material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls system in place and the operating effectiveness of such controls.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the management.

• Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represents the underlying transactions and events in a manner that achieves fair presentation.

• Obtain sufficient appropriate audit evidence regarding the financial results/financial information/financial statements of the entities within the Group to express an opinion on the Statement. We are responsible for the direction, supervision, and performance of the audit of financial information of such entities included in the Statement, of which we are the independent auditors. For the other entity included in the Statement, which have been audited by the other auditor, such other auditor remains responsible for the direction, supervision, and performance of the audits carried out by them. We remain solely responsible for our audit opinion.

• We communicate with those charged with governance of the Holding Company and such other entities included in the Statement, of which we are the independent auditors, regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

• We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

• 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 Listing Regulations, to the extent applicable.

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Independent Auditor’s Report on Consolidated Annual Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (cont’d)

Other Matters

1. We did not audit the annual financial statements of a subsidiary included in the Statement, whose financial information reflects total assets ₹ 375.71 crores as at 31 March 2021, total revenues of ₹ 34.24 crores, total net profit after tax of ₹ 20.94 crores total comprehensive income of ₹ 20.94 crores and cash inflows (net) of ₹ 0.39 crores for the year ended on that date, as considered in the Statement. This annual financial statement has been audited by other auditor, whose audit report have been furnished to us by the management, and our opinion in so far as it relates to the amounts and disclosures included in respect of these subsidiaries are based solely on the audit reports of such other auditor, and the procedures performed by us as stated in paragraph 13 above.

Our opinion on the Statement is not modified in respect of the above matters with respect to our reliance on the work done and reports of the other auditors.

1. The Statement includes the consolidated financial results for the quarter ended 31 March 2021, being the balancing figures between the audited consolidated figures in respect of full financial year and the published unaudited year-to-date figures up to the third quarter of the current financial year, which were subject to limited review by us.

For Agarwal Prakash & Co. Chartered Accountants Firm's Registration No.: 005975N

Digitally signed by VIKAS VIKAS AGGARWAL AGGARWAL Date: 2021.05.08 20:17:36 +05'30'

Vikas Aggarwal

Partner Membership No.: 097848 UDIN: 21097848AAAADL1636

Place: New Delhi Date: 08 May 2021

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Independent Auditor’s Report on Consolidated Annual Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (cont’d)

Annexure 1

List of entities included in the Statement

1. The Statement includes the result of the following entities:

2. (i) Yaarii Digital Integrated Services Limited (formerly Indiabulls Integrated Services Limited) (Parent Company)

3. (ii) SORIL Infra Resources Limited

4. (iii) Indiabulls Rural Finance Private Limited

5. (iv) Store One Infra Resources Limited

6. (v) Albasta Wholesale Services Limited

7. (vi) Lucina Infrastructure Limited

8. (vii) Sentia Properties Limited

9. (viii) Mahabala Infracon Private Limited

10. (ix) Ashva Stud and Agricultural Farms Limited

11. (x) Airmid Aviation Services Limited

12. (xi) Indiabulls General Insurance Limited

13. (xii) Indiabulls Life Insurance Company Limited

14. (xiii) Indiabulls Enterprises Limited

15. (xiv) Indiabulls Pharmacare Limited

16. (xv) Surya Employee Welfare Trust

17. (xvi) SORIL Infra Resources Limited - Employees Welfare Trust

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CHARTERED ACCOUNTANTS 508, Indra Prakash, 21, Barakhamba Road, New Delhi – 110001 Phones : 23730880/1 Fax : 011-43516377 E-mail : contact@apnco.org

Agarwal Prakash & Co.

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

To The Board of Directors of Yaarii Digital Integrated Services Limited (formerly known as Indiabulls Integrated Services Limited)

Opinion

1. We have audited the accompanying standalone annual financial results (‘the Statement’) of Yaarii Digital Integrated Services Limited (formerly known as Indiabulls Integrated Services Limited) ('the Company') for the year ended 31 March 2021, attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’), including relevant circulars issued by the SEBI from time to time.

2. In our opinion and to the best of our information and according to the explanations given to us, the Statement:

3. (i) is presented in accordance with the requirements of Regulation 33 of the Listing Regulations, read with SEBI Circulars CIR/CFD/FAC/62/2016 dated 5 July 2016 and CIR/IMD/DF1/69/2016 dated 10 August 2016 (hereinafter referred to as ‘the SEBI Circulars’); and

4. (ii) gives a true and fair view in conformity with the applicable Indian Accounting Standards (‘Ind AS’) prescribed under section 133 of the Companies Act, 2013 (‘the Act’), read with relevant rules issued thereunder, and other accounting principles generally accepted in India, of the standalone net loss after tax and other comprehensive income and other financial information of the Company for the year ended 31 March 2021.

Basis for Opinion

1. We conducted our audit in accordance with the Standards on Auditing (‘SAs’) specified under section 143(10) of the Act. Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Statement section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (‘the ICAI’) together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that our audit evidence obtained by us, is sufficient and appropriate to provide a basis for our opinion.

Management’s and Those charged with Governance Responsibilities for the Statement

1. This Statement has been prepared on the basis of the standalone annual financial statements.

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Independent Auditor’s Report on Standalone Annual Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (cont’d)

1. The Company’s Board of Directors is responsible for the preparation and presentation of the Statement that gives a true and fair view of the net profit/loss and other comprehensive income and other financial information of the Company in accordance with the accounting principles generally accepted in India, including Ind AS prescribed under section 133 of the Act, read with relevant rules issued thereunder and other accounting principles generally accepted in India, and in compliance with Regulation 33 of the Listing Regulations including SEBI Circulars.

2. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that give a true and fair view and are free from material misstatement, whether due to fraud or error.

3. In preparing the financial statements, management is responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

4. The Board of Directors is also responsible for overseeing the Company’s financial reporting process.

Auditor’s Responsibilities for the Audit of the Statement

1. Our objectives are to obtain reasonable assurance about whether the Statement as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with the Standards of Auditing specified under section 143(10) of the Act, will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this Statement.

2. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

3. Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

4. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls system in place and the operating effectiveness of such controls.

5. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.

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Independent Auditor’s Report on Standalone Annual Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (cont’d)

• Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represents the underlying transactions and events in a manner that achieves fair presentation.

• We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

• We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

Other Matters

1. The Statement includes the financial results for the quarter ended 31 March 2021, being the balancing figures between the audited figures in respect of full financial year and published unaudited year-to-date figures up to the third quarter of the current financial year, which were subject to limited review by us.

For Agarwal Prakash & Co.

Chartered Accountants Firm's Registration No.: 005975N

VIKAS Digitally signed by VIKAS AGGARWAL AGGARWAL Date: 2021.05.08 20:16:54 +05'30'

Vikas Aggarwal

Partner Membership No.: 097848 UDIN: 21097848AAAADK3537

Place: New Delhi Date: 08 May 2021

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May 8, 2021

Scrip Code - 533520 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, MUMBAI – 400 001

YAARII

National Stock Exchange of India Limited ‘Exchange Plaza’, Bandra-Kurla Complex, Bandra (East) MUMBAI – 400 051

Sub: Declaration pursuant to Regulation 33(3)(d) of the Securities & Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Dear Sirs,

DECLARATION

I, Saurabh Garg, Chief Financial Officer of Yaarii Digital Integrated Services Limited (Formerly Indiabulls Integrated Services Limited) , having its Registered Office at Plot No. 448-451, Udyog Vihar, Phase-V, Gurugram-122016, Haryana, hereby declare that, the Statutory Auditors of the Company, M/s Agarwal Prakash & Co. (FRN: 005975N) have issued their Audit Report with unmodified opinion on Audited Financial Results of the Company (Standalone & Consolidated) for the quarter and financial year ended 31[st] March, 2021.

This Declaration is given in compliance to Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, by the SEBI (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2016, vide notification No. SEBI/LAD-NRO/GN/2016-17/001 dated May 25, 2016, and Circular no. CIR/CFD/CMD/ 56/2016 dated May 27, 2016.

Kindly take this declaration on your records.

Yours sincerely,

for Yaarii Digital Integrated Services Limited

==> picture [88 x 33] intentionally omitted <==

Saurabh Garg Chief Financial Officer

Yaarii Digital Integrated Services Limited

(formerly Indiabulls Integrated Services Limited)

Registered Office: Plot No. 448-451, Udyog Vihar, Phase-V, Gurugram-122016, Haryana | Tel: 0124 6681199 | Fax: 0124 6681111 Corporate Office: One International Center (formerly IFC), Tower - 1, 4th Floor, S. B. Marg, Elphinstone (W), Mumbai – 400013, Maharashtra | Tel: 022 62498580 | Fax: 022 61899600 CIN: L51101HR2007PLC077999, Website: www.yaarii.in, Email: talktous@yaari.com