June 29, 2021 CIN-L45400MH2003PLC138568

BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Plot No. C/1, G Block Dalal Street Bandra-Kurla Complex Mumbai 400 001 Bandra (East), Mumbai 400 051 Scrip Code : 533090 ScripID —: EXCEL Trading Symbol : EXCEL

^eE><Cel REALTY N INFRALTD. Formerly Known as Excel Infoways Ltd.

Fax No: 2272 3121 / 2272 2037 Fax No : 2659 8348 / 2659 8237 / 38

Sub.: Outcome of Board Meeting held today i.e. on June 29, ²⁰²¹

This is to inform you that a meeting of the Board of Directors of the Company was held today on June 29, 2021 and the following business were considered and approved:

1. Standalone and Consolidated Audited Financial Results for the quarter and year ended March 31, 2021, Standalone and Consolidated statement of Asset and Liability and statement of cash flow for the year ended March 31, 2021 as per Regulation 33 of SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015 along with Auditors Report on the Standalone and Consolidated Audited Financial Results for the quarter and year ended March 31, 2021 and declaration for Audit Report with unmodified opinion were taken on record
1. Appointment of Secretarial Auditor for the financial year 2021-2022 (Brief profile enclosed. Refer sub clause (a))
1. Appointment of Internal Auditor for the financial year 2021-2022 (Brief profile enclosed Refer clause (b))
1. Re-appointment of Mr. Subrata Kumar Dey as Independent Director of the Company for a second term of 5 (five) consecutive years with effect from this ensuing 19k AGM up to the 24k AGM to be held in the year 2026 subject to the approval of shareholders in the General Meeting. (Brief profile of Mr. Subrata Kumar Dey is enclosed refer sub clause (c))
1. Resignation of M/s. Gupta Saharia & Co. Chartered Accountants, (FRN 103446W) Mumbai vide its enclosed letter dated June 29, 2021 as the statutory Auditor of the Company Accordingly, we are enclosing the following:

a. The details as per SEBI circular CIR/CFD/CMD/4/2015 dated September 09, 2015 (refer sub clause (d) b. The resignation letters and the information required from the Auditor in pursuance of SEBI circular no. CIR/ CFD/CMD1/114/2019 dated October 18, 2019 (attached)

M/s. Bhatter & Co., who were appointed as Joint Auditor at the EGM held on June 18, 2021 will continue to act as Statutory Auditor of the company

The Board Meeting commenced at 10.00 a.m. and concluded at[2:\Sp.m.

Kindly take the same on records and acknowledge

Yours faithfully, For Excel Realty N Infra Limited

Pooja Mane . i} Company Secretary Encl: a/a

Regd. Off.: 31-A, Laxmi Industrial Estate, New Link Road, Andheri (West), Mumbai - 400 053. Tel.: +91-22-4030 ⁹⁸⁹⁸ Fax : +91-22-2639 4248 * Email: [email protected] * Website: http:/www.excel-infoways.com

e@ E><Cel REALTYN INFRALTD. Formerly Known as Excel Infoways Ltd.

7 . , ; , CIN-L45400MH2003PLC138568 a. Brief Profile of Kothari H & Associates - Secretarial Auditor SECRETARIAL AUDITOR OF COMPANY Name of the firm Kothari H. & Associates Address 208, 2nd Floor BSE Building, Dalal Street, Fort, Mumbai — 400 001 Appointment For the financial year 2021-2022 (April 1, 2021 to March 31, 2022) Qualification Company Secretary Membership of Institute ICSI Brief profile CS. Hitesh Kothari, F.C.S., L.L.B. B. Com, Company Secretary in practice, is a Partner of M/s KOTHARI H. & ASSOCIATES been engaged in rendering of Secretarial and Legal Services. The firm was started in the year 2003, Kothari H. & Associates (KHA) was initially set up by Mr. Hitesh Kothari, Company Secretary in the year 2003 as a Proprietorship firm. He worked as an associate with various firms and performed continuously for the continuing progress. The firm has then progressed under the incredible knowledge and guidance of the seniors and achieved milestones one after another and continued progressing. In 2015, KHA converted into a Partnership firm and Ms. Sonam Jain, Company Secretary was appointed as a Partner of the firm.

b. Brief Profile of M/s. K. G. Shah & Associates — Internal Auditor

Brief profile b.	CS. Hitesh Kothari, F.C.S., L.L.B. B. Com, Company Secretary in practice, is a Partner of M/s KOTHARI H. & ASSOCIATES been engaged in rendering of Secretarial and Legal Services. The firm was started in the year 2003, Kothari H. & Associates (KHA) was initially set up by Mr. Hitesh Kothari, Company Secretary in the year 2003 as a Proprietorship firm. He worked as an associate with various firms and performed continuously for the continuing progress. The firm has then progressed under the incredible knowledge and guidance of the seniors and achieved milestones one after another and continued progressing. In 2015, KHA converted into a Partnership firm and Ms. Sonam Jain, Company Secretary was appointed as a Partner of the firm. Brief Profile of M/s. K. G. Shah & Associates — Internal Auditor
Particulars	Disclosures
Name of the Firm	M/s, K. G. Shah & Associates
Address	A 2/11 Tulip CHS Ltd, Mahindra Gardens, S.V. Road, Goregaon West, Mumbai - 400104
Appointment	For the financial year 2021-2022 (April 1, 2021 to March 31, 2022)
Qualification	Chartered Accountant
Membership of Institute	ICAI
Brief profile	The firm has been associated with a number of Companies, Firms, Trust & Societies for their Audit work and other professional work. They have also done statutory/internal audits of the Companies / firms and various types of Bank Audits. They are on the Panel for Statutory Bank Branch Audits since last 12 years. They have carried statutory, concurrent, stock, revenue and stock audits credit audits of various banks. The partners of the firm have experience of Statutory concurrent, quarterly review, credit audit, risk based internal audit, revenue and stock audit of various banks
	Og

Regd. Off.: 31-A, Laxmi Industrial Estate, New Link Road, Andheri (West), Mumbai - 400 053. Tel.: +91-22-4030 9898 Fax : +91-22-2639 4248 » Email: [email protected] * Website: http://www.excel-infoways.com

E><Cel reaLty NINFRALTD. Formerly Known as Excel Infoways Ltd. . CIN-L45400MH2003PLC138568

c. Brief Profile of Mr. Subrata Kumar Dey

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			Formerly Known as Excel Infoways Ltd. CIN-L45400MH2003PLC138568
c.	Brief Profile of Mr. Subrata Kumar Dey
Particulars		Disclosures
Appointment	Name of the Director	Mr. Subrata Kumar Dey
Qualification		M.A. in Economics	From ensuing 19k AGM up to 24k AGM to be held in the year 2026

Brief profile			He is B.A. (Hons) and has done M.A. in Economics. He has experience of 34
			years predominantly in areas of Corporate banking especially for large and mid- Corporate. He served in ING VYSYA BANK LTD FROM 2001 to 2009
			as Regional Head (West). After retirement from ING VYSYA BANK LTD he
			joined listed NBFC as Director in Advisory Role in the area of Corporate

			Finance — Debt Syndication, Structuring, Restructuring, Finance Options,
		etc.


d.	DISCLOSURE REQUIREMENTS) REGULATION, 2015		DISCLOSURE UNDER REGULATION 30 OF THE SEBI (LISTING OBLIGATON AND

Sr. No.	Particulars		Disclosures
i.	Name of the Auditor		M/s. Gupta Saharia & Co.
2.	Reason for Change viz. appointment,		The reason for change is resignation by the said
	removal, resignation, death or otherwise and detailed reasons for		Auditor vide their letter dated June 29, 2021
	resignation of Auditor as given by the		Due ill health of Mr. Suresh Saharia and he had also tested COVID positive and present pandemic
	said Auditor		situation, M/s. Gupta Saharia & Co. is not ina position to handle the Audit Assignment
3.	Date of appointment / resignation (as		June 29, 2021
4.	applicable) & terms-efappeintment Brief profile (in case of appointment)		N.A.
5.	Discloser of relationship between Directors		N.A.

d. DISCLOSURE UNDER REGULATION 30 OF THE SEBI (LISTING OBLIGATON AND DISCLOSURE REQUIREMENTS) REGULATION, 2015

	etc.	joined listed NBFC as Director in Advisory Role in the area of Corporate Finance — Debt Syndication, Structuring, Restructuring, Finance Options,
d.	DISCLOSURE REQUIREMENTS) REGULATION, 2015	DISCLOSURE UNDER REGULATION 30 OF THE SEBI (LISTING OBLIGATON AND
Sr. No.	Particulars	Disclosures
i.	Name of the Auditor	M/s. Gupta Saharia & Co.
2.	Reason for Change viz. appointment, removal, resignation, death or otherwise and detailed reasons for resignation of Auditor as given by the said Auditor	The reason for change is resignation by the said Auditor vide their letter dated June 29, 2021 Due ill health of Mr. Suresh Saharia and he had also tested COVID positive and present pandemic situation, M/s. Gupta Saharia & Co. is not ina position to handle the Audit Assignment
3.	Date of appointment / resignation (as applicable) & terms-efappeintment	June 29, 2021
4.	Brief profile (in case of appointment)	N.A.
5.	Discloser of relationship between Directors	N.A.
Thanking You, ENS ovr Pooja Mane Company Secretary	For Excel Realty N Infra Limited' vp 5 of _ \

Gupta Saharia & Co.

Chartered Accountants

The Board of Directors, June 29, 2021 Excel Reality N Infra Limited 31-A, Laxmi Industrial Estate, New Link Road, Andheri (W) Mumbai- 400053

Dear Sir/Madam

Subject: Resignation as a Statutory Auditor of Excel Realty N Infra Limited

as We were appointed as a statutory auditor of Excel Reality N Infra Limited ( the " Company") pursuant to an Ordinary Resolution passed by the equity shareholders of the company during the closure of the 17" Annual general meeting for the financial year ending March 31, 2019, held on September 27, 2019 to hold office for the term of 5 consecutive years till the conclusion of 22" Annual general meeting to be held for the financial year ending March 31, 2024.
As per our internal distribution of assignment, Mr. Suresh Saharia was appointed as the partner designated to oversee and conduct the statutory audit of the company for the present assignment.
In this regard, we refer to our letter dated May 10, 2021 in reletion to the present audit assignment and the difficulty faced by us in our effort to shoulder complete responsibility for the statutory audit for the financial year ending March 31, 2021 due to the delicate and precarious health condition of our designed partner, Mr. Suresh Saharia. Vide the said letter we had requested the board to appoint a joint statutory auditor to share a load associated with carring out the statutory audit of the company for the quarter and year ending March 31, 2021.
We are deeply obliged that you acceded to our request to appoint a joint Statutory Auditor for the company to share our load to conduct the statutory audit of the company and accordingly Bhatter & Co. was appointed as the joint Statutory Auditor of the company vide shareholder resolution dated June 18, 2021.
However, upon reassessing the present health conditions of Mr. Suresh Saharia and the present pandemic situation, We believe, that due to the deteriorating and fluctuating health condition of Mr. Suresh Saharia, We are not in a position to handle the arduous requirement associated with being the Statutory auditor of the company in present troubled timed while continuously coping up with the ever changing reporting requirement.
Accordingly, We regret to inform to the Board that we will not be able to continue as the Statutory Auditor of the company for the remaining period of the present tenure. However, We offer ourselves as the Statutory Auditor for the limited purpose of conducting the limited review of the books of accounts for the quarter ending June 30, 2021 and to issue the Limited Review Report jointly as per the statutory requirements under Regulation 33 of Securities and Exchange Board of India ( Listing, Obligation and Disclosure Requirement ) Regulations, 2015 rpad with :

E-mail : [email protected] / [email protected] @ Website : WWW.gUp™® Head Office : 4, Atlanta, Evershine Nagar, Malad (West), Mumbai - 400 064 : Branches : Borivali @ Kolkata @ Surat

circular bearing reference no CIR/CFD/CMDI/114/2019 dated October 18, 2019 issued by the Securities and Exchange Board of India.

We thank you for the cooperation and courtesies extended to us during our tenure as the Statutory Auditor of the Company.

Thanking You,

For Gupta Saharia & Co. Chartered Accountants

eee

. Partner Ca Suresh Saharia

len) (GAH SUG AOA RGN Hi i Securities and Exchange Board of

Information to be obtained from the statutory auditor upon resignation

1. Name of the listed entity: Excel Realty N Infra Ltd.
1. Details of the statutory auditor:
a. Name: Gupta Saharia & Co. Chartered Accountants.
b. Address: Shop no. 4, Atlanta Building, Evershine Nagar, Malad West, Mumbai - 400064
c. Phone number: +91-9322996636/9821109409
d. Email: [email protected]
1. Details of association with the listed entity
a. Date on which the statutory auditor was appointed: 27" September 2019.
b. Date on which the term of the statutory auditor was scheduled to expire: on the conclusion of the Annual General Meeting for the Financial Year 2023-24.
c. Prior to resignation, the latest audit report/limited review report submitted by the auditor and date of its submission. The latest audit report / limited review report submitted was for financial year ending 31.03.2021 on 29.06.2021
1. Detailed reasons for resignation:

In this regard, we would like to draw attention that Mr. Suresh Saharia tested positive for COVID - 19 on 22nd September, 2020 and was hospitalised an extended period between September 21, 2020 to October, 04, 2020. However even after recovering from COVID - 19 and testing negative on 13th October, 2020 the bout of illness affected his overall immune system worsened the various age related chronic ailments faced by him.

lt is further submitted that Mr. Suresh Saharia was once again hospitalised between December, 29, 2020 and January 06, 2021. It is further submitted that the weakened immune systems, various age related ailments and the frequent hospitalizations has constrained Mr. Suresh Saharia's ability to further carry out the Statutory Audit of the Company.

In case of any concerns, efforts made by the auditor prior to resignation (including approaching the Audit Committee/Board of Directors along with the date of communication made to the Audit Committee/Board of Directors) : Request for appointing joint auditor (Letter Attached)

ay aaAvaieha Hkajaledia'd = 2a0A wlaaefahale —°aiiA

Securities and Exchange Board of

1. In case the information requested by the auditor was not provided, then following shall be disclosed:
a. Whether the inability to obtain sufficient appropriate audit evidence was due to a management-imposed limitation or circumstances beyond the control of the management. Not Applicable
b. Whether the lack of information would have significant impact on the financial statements/results. Not Applicable
c. Whether the auditor has performed alternative procedures to obtain appropriate evidence for the purposes of audit/limited review as laid down in SA 705 (Revised). Not Applicable
d. Whether the lack of information was prevalent in the previous reported financial statements/results. If yes, on what basis the previous audit/limited review reports were issued. Not Applicable.
1. Any other facts relevant to the resignation: No such information

Declaration

1. We hereby confirm that the information given in this letter and its attachments is correct and complete.
1. We hereby confirm that there is no other material reason other than those provided above for my resignation/ resignation of my firm.

For Gupta Saharia & Co. Chartered Accountants FRN:

CA Suresh Sahakia Partner ae; % M. No.:040180° Date: 29.06.2021 Place: Mumbai

eal eel See

Se ile MESES:

n : 27, 2018 to hold office for a term of 5 "consecutive years til the conclusion of 22% 2 Annual General Meeting to be held for the "financial year ending March 31, 2024.
1. As per our internal distribution of assignment, Mr. Suresh Saharia was appointed as the partner designated to oversee and conduct the statutory audit of the Company for the | present assignment.
1. In this regard, we would like to bring to the Notice of the Board that Mr. Suresh Saharia tested positive for COVID- 19 on 22-4 September, 2020 and was hospitalized an extended period between September 21, 2020 to October 04, 2020. However, even after recovering from COVID- 19 and testing negative on 13 October , 2020 the bout of illness affected his overall immune system worsened the various age related chronic ailments faced by him.
1. It is further submitted that Mr. Suresh Saharia was once again hospitalized between December 29, 2020 and January 06, 2021. It is further submitted that the weakened immune systems, various age related ailments and the frequents hospitalization has constrained Mr. Suresh Saharia's ability to carryout full statutory audit of the Company for the financial ending March 31, 2021 and related assignments fully. SCT GTY. we

Head Office : 4, Atlanta, Evershine Nagar, Malad (West), Mumbai - 400 06 E-mail : [email protected] / [email protected] e Website : www.gup Branches : Borivali e Kolkata e Surat

hereby request to appoint a Joint Statutory Auditor who can jointly carryout assist us in the auditing process along with Mr. Suresh Saharia.

rr rr enn nT ida. SEA: SRST

We hope that while keeping the best interest of the company, our aforesaid request will be acceded by the Company.

Thanking You, For Gupta Saharia & Co Chartered Accountants

Oa Saresh Saharia Partner

Particulars	3 months ended (31/12/2020)	months ended (31/03/2020)
1, Income from
(a) Net Sales/Income from Operations (Net of

Income Other Other Income
Total Revenue
2.
Cost of Materials consumed Purchase of stock-in-trade
(c
and stock-in-trade
benefits and amortisation
expenses
of the total expenses relating to continuing
to be shown Finance Cost
otal
Profit / (Loss) before exceptional
Extra items & tax Items
Profit before items & tax
items
Profit before tax . Tax
Current taxes
Deferred Taxes
MAT Credit Entitlement Net Profit / (Loss) for the period from Continuing

Profit
for the from Taxes of
Net Profit / (Loss) for the period from discontinuing

Profit for the . Share of Profit of associates*
-M Interest*

interest and share of profit / (loss) of associates (12 - 13-1
income net of taxes
Items that will be reclassified to profit or loss
in Translation reserve
) Income tax relating to items that will be reclassified to profit
i) Items that will not be reclassified to
or loss Gain/Loss
tax on Acturial
Income tax relating toitems that will not be reclassified to

Total Income for the
Paid-up equity share capital
face Value ofRs.10
19. Reserve Reserves as balance sheet of
20.i Earning Per Share (before extraordinary
items) (of = a
Basic
Diluted
21.ii Earning Per Share (after extraordinary
Basic
a Diluted
note to the Financial Results
Place ; Mumbai
Date ; June 29, 2024		For and on behalf of Board of Directors
	Ate)

	Lakhmendra "Khurana Chairman & Managing Director



	Regd. Off.: 31-A, Laxmi Industrial Estate, New Link Road, Andheri

E><Cel realty N INFRALTD.

Place ; Mumbai For and on behalf of Board of Directors Date ; June 29, 2024 Ate) Lakhmendra "Khurana Chairman & Managing Director

Regd. Off.: 31-A, Laxmi Industrial Estate, New Link Road, Andheri Fax : +91-22-2639 4248 + Email: |[email protected] (West), Mumbai - 400 053. Tel.: +91-22-4030 ⁹⁸⁹⁸ om * Website: http://www.excel-infoways.com

^eE><Cel REALTY NINFRALTD. Formerly Known as Excel Infoways Ltd. CIN-L45400MH2003PLC 138568 Notes - Standalone Financial statement

The above statement has been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on June 29, 2021
The format for audited results as prescribed in SEBI's circular CIR/CFD/CMD/15/2015 dated November 30, 2015 has been modified to comply with the requirements of SEBI's circular dated July 5 2016, Ind AS and schedule III (Division II) to the companies Act, 2013, which are applicable to companies that are required to comply with Ind AS.
This Result and Limited Review report is available on company website www.excel-infoways.com as well as on BSE website www.bseindia.com and NSE website www.nseindia.com .
Figures of the earlier periods have been regrouped / recast /reclassified wherever necessary.
Investor Compliant for the quarter ended March 31, 2021 opening- 0, Received- 7, Resolved —7, Closing — 0.
The Figures of quarter ended March 31°, 2021 and March 31°, 2020 are arrived at as difference between audited figures of in respect of the full financial year ended March 31%, 2021 and March 31", ²⁰²⁰and unaudited figures up to nine months ended December 31°, 2020 and December 31*, 2019 respectively, which were reviewed earlier and not subjected to audit.
Investment in properties consists of advances paid for acquisition of Immovable property, their carrying values have been considered as fair values. No impairment provisions have been made there upon.
The outbreak of Covid -19 has severely impact business around the world. In many countries including India, there has been several disruptions of regular and other emergency measures imposed by government. The management has made a detailed assessment of its liquidity position, including recoverability / carrying value of its investments and business and other advances as at balance sheet date. However actual impact of covid-19 pandemic on company's result remains uncertain and dependant on spread of covid-19 and steps from that estimated as at date of approval of these standalone financial results Regd.

Place : Mumbai For and on behalf of Board of Directors

Date : June 29, 2021 Lakhmendra Khurana

Chairman & Managing Director

					E cel REALTY NINFRA LTD. Formerly Known as Excel Infoways Ltd.
		financial			CIN-L45400MH2003PLC138568
Particulars	3 months	3 months	3 months	12 months ended 12 months
	(31/03/2021)	(31/12/2020)	(31/03/2020)	(31/03/2021)	(31/03/2020)
1, Income from {a) Net Sales/Income from Operations (Net of
Other Income Other Income otal
Cost of Materials consumed Purchase of stock-in-trade
stock-in-trade and benefits
and amortisation expenses of the total expenses relating to continuing
to be shown Finance Cost 'otal
Profit / (Loss) before exceptional Extra items & tax (1
_ Exce Items before items & tax items
Profit before tax 2 Tax Current taxes
Deferred Taxes MAT Credit Entitlement Net Profit / (Loss) for the period from Continuing
7 Profit for the from
Taxes of i1. Net Profit / (Loss) for the period from discontinuing
12. Profit for the 13, Share of Profit of associates Interest 14.
" interest and share of profit / (loss) of associates (12 - 13 -
16.0ther nsive income net of taxes A, (i) Items that will be reclassified to or loss
Translation reserve (ii) Income tax relating to items that will be reclassified to profit
B. (1) Items that will not be reclassified to or loss Acturial Deffered tax on Acturial
Income tax relating to items that will not be reclassified to Pp
17.Total Income for the 18: Paid-up equity share capital
Value ofRs.10 each 19. Reserve ition Reserves as per balance sheet of	9404.63 0.00	9404.63 0.00		9404, 7808.25
20.i Earning Per Share (before extraordinary Basic
Diluted 21.ji Earning Per Share (after extraordinary
'of Rs.10/- each) (not annua Basic Diluted
See note to the Financial Results
Place : Mumbai Date: June 29, 2021		anh	For and on behalf of Board of Directors
		ee Chairman and Managing Director

Regd. Off.: 31-A, Laxmi Industrial Estate, New Link Road, Andheri (West), Mumbai - 400 053. Tel.: +91-22-4030 9898
Fax : +91-22-2639 4248 + Email: [email protected] * Website: http:/Awww.excel-infoways.com

ee Chairman and Managing Director

The above statement has been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on June 29, 2021
The format for audited results as prescribed in SEBI's circular CIR/CFD/CMD/15/2015 dated November 30, 2015 has been modified to comply with the requirements of SEBI's circular dated July 5 2016, Ind AS and schedule III (Division II) to the companies Act, 2013, which are applicable to companies that are required to comply with Ind AS.
This Result and Limited Review report is available on company website www.excel-infoways.com as well as on BSE website www.bseindia.com and NSE website www.nseindia.com .
Figures of the earlier periods have been regrouped / recast /reclassified wherever necessary.
Investor Compliant for the quarter ended March 31, 2021 opening- 0, Received- 7, Resolved —7, Closing-O.

6 Investment in properties consist of advances paid for acquisition of Immovable property, their carrying values have been considered as fair values. No impairment provisions have been made there upon

The outbreak of covid -19 has severely impacted business around the world. In many countries including India, there has been several disruption of regular business operation due to lock down restrictions and other emergency measures imposed by government. The management has made a detailed assessment of its liquidity position, including recoverability / carrying value of its investments and business and other advances as at balance sheet date. However actual impact of Covid-19 pandemic on company's result remains uncertain and dependant on spread of covid-19 and steps taken by government to mitigate the economic impact & may differ from that estimated as at date of approval of these standalone financial results Regd.

Place : Mumbai For and on behalf of Board of Directors

NK —

Date : June 29, 2021 Lakhmendra Khurana Chairman & Managing Director

Fax Off.: : +91-22-2639 31-A, Laxmi Industrial Estate, New Link Road, Andheri (West), Mumbai - 400 053. Tel.: +91-22-4030 9898 4248 « Email: [email protected] « Website: http://www.excel-infoways.com

					eS E> <cel nINFRALTD.
					Formerly Known as Excel Infoways Ltd.
Standalone/ Consolidated Segment wise Reveune, Results and Capital Employed				for the Year ended March 31,2021	(GIN-L45400MH2003PLC 138568
					(Rs. In Lacs )
	3monthsended	3 months ended	Standalone 3 months ended	12 months ended 12months ended
Particulars	(31/03/2021)	(31/12/2020)	(31/03/2020)	(31/03/2021)	(31/03/2020)
I. Segment Revenue	(Unaudited)	(Unaudited)	(Unaudited)	(audited)	(audited)
(net sale/income fram each segment should be
disclosed under this head) (a) IT Sales	11.19
(b) Infra Activity (c) Trading activity	- 504.18	10.80 - 186.56	10.68 -	63.26 -	80.75 15.00
Less: Inter Segment Revenue	515.37	197.36)	338.33 349.01)	690.74 754.00	844.78 940.53
Net sales/Income From Operations 2. Segment Results (Profit) + / Loss (-) before	- 515.37	- 197.36	- 349.01	754.00	940.53
tax and interest from Each segment) (a) IT Sales
(b) Infra Activity (c) Trading activity	2.06 =	(3.14) a	18.75 2.03	13.51 <	37.48 10.19
Total Less: _i) Finance Cost	(2.66) (0.60) 1.16	18.11 14.96	(27.22) (6.43)	6.50 20.01	(13.30) 34.38
ii) Other Un-allocable Expenditure net off Add	(9.79)	1.25 45.45	172 357.43	5.23 207.91	4.80 411.32
iii) Un-allocable income	19.90	0.05	358.99	166.84	396.56
Total Profit Before Tax 3. Capital Employed	27.93	(31.69)	(6.58)	(26.28)	14.83
(Segment assests - Segment Liabilities) (a) IT Sales
Segment Assets Segment Liabilities Capital Employed	3,600.51 3.60	3,587.80 4.87	3,859.65 10.66	3,600.51 3,60	3,859.65 10.66
(b) Infra Activity Segment Assets	3,596.90	3,582.93	3,848.99	3,596.90	3,848.99
Segment Liabilities Employed Capital	11,656.07 =	11,774.82 149.00	11,636.21 144.00	11,656.07 <	11,636.21 144.00
(c) Trading activity Segment Assets	11,656.07 335.86	11,625.82	11,492.21	11,656.07	11,492.21
Segment Liabilities Capital Employed	256.88 78.98	191.12 111.95	132,57 113.75	335.86 256.88	132.57 113.75
(d) Unallocated Segment Assets		79.17	18.82	78.98	18.82
Segment Liabilities	1,883.14 116.45	1,908.20 130.97	1,918.14 148.80	1,883.14 116.45	1,918.14 148.80
Capital Employed Total	1,766.69 17,098.64	1,777.24 17,065.16	1,769.34 17,129.37	1,766.69 17,098.64	1,769.34
					17,129.37
Place : Mumbai	ma For and on behalf of Board of Directors
Date : June 29, 2024
	Lakhmendra Khurana Chairman & Managing Director

Date : June 29, 2024 ma

Lakhmendra Khurana Chairman & Managing Director

(Rs. In 1 arc)

					E> <cel realty<="" th="">
					Formerly Known as Excel Infoways Ltd.
Standalone/ Consolidated Segment wise Reveune, Results and Capital Employed				for the Year ended March 31,2021	CIN-L45400MH2003PLC138568
					(Rs. In Lacs )
Particulars	3 months ended (31/03/2021)	3 months ended (31/12/2020)	Consolidated 3 months ended (31/03/2020)	12 months ended 12months ended
	(Unaudited)	(Unaudited)	(Unaudited)	(31/03/2021)	(31/03/2020)
. Segment Revenue				(audited)	(audited)
(net sale/income from each segment should be disclosed under this head)
(a) IT Sales (b) Infra Activity	11.19	10.80	10.68	63.26	80.75
(c) Trading activity	: 504.18 515.37	= 186.56	- 338.33	- 690.74	15.00 844.78
Less: Inter Segment Revenue Net sales/Income From Operations	+	197.36 s	349.01 +	754.00 a	940.53
2. Segment Results (Profit) + / Loss (-) before tax and interest from Each segment)	515.37	197.36	349.01	754.00	940.53
(a) IT Sales (b) Infra Activity	2.06 -	(3.14)	18.75	13.51	37.48
(c) Trading activity Total	(2.66) (0.60)	18.11 14.96	2.03 (27.22) (6.42)	- 6.50	10.19 (13.30)
Less: i) Finance Cost ii) Other Un-allocable Expenditure net off	1.16 0.45	1.25 20.89	1.72 357.43	20.01 5.23 95.65	34.38 4.80
Add ili) Un-allocable income	: 28.38	0.27	73.14	166.84	411.32
Total Profit Before Tax	26.18	(6.91)	(292.42)	85.98	111.22 (270,51)
3. Capital Employed (Segment assests - Segment Liabilities) (a) IT Sales
Segment Assets Segment Liabilities	3,704.94	3,580.22	3,851.83	3,704.94	3,851.83
Capital Employed (b) Infra Activity	3.93 3,701.01	4.87 3,575.35	10.98 3,840.85	3.93 3,701.01	10.98 3,840.85
Segment Assets Segment Liabilities	11,656.07	11,774.82	11,636.21	11,656.07	11,636.21
Capital Employed (c) Trading activity	: 11,656.07	149.00 11,625.82	144.00 11,492.21	- 11,656.07	144.00 11,492.21
Segment Assets Segment Liabilities	335.86 256.88	191.12 111.95	132.57	335.86	132.57
Capital Employed (d) Unallocated	78.98	79.17	113.75 18.82	256.88 78.98	113.75 18.82
Segment Assets Segment Liabilities	1,893.28	1,935,73	1,927.05	1,893.28	1,927.05
Capital Employed	116.45 1,776.82	131.28 1,804.45	148.80 1,778.25	116.45 1,776.82	148.80 1,778.25
Total	17,212.88	17,084.80	17,130.13	17,212.88	17,130.13
Place : Mumbai		For and on behalf of Board of Directors a NA
Date: June 29, 2024
		Lakhmendra Khurana Chairman & Managing Director

Date: June 29, 2024

a NA Lakhmendra Khurana Chairman & Managing Director

@ E><Cel reacry NINFRALTD. Formerly Known as Excel Infoways Ltd. CIN-L45400MH2003PLC138568

				@ E> <cel reacryFormerly Known as Excel Infoways Ltd.	NINFRALTD.
				CIN-L45400MH2003PLC138568
	;	Statement of Assets and Liabilities Standalone 31.03.2021	Standalone 31.03.2020	Consolidated	(Rs. In Lacs) Consolidated
S.No 1	Paneer ASSETS	(Audited )	(Audited )	31.03.2021 (Audited )	31.03.2020 (Audited )
	Non-current assets (a) Property, Plant & Machinery	995.89	1,017.09	995.89
	(b) Capital work - in - progress (c) Other Intangible Assets (d) Intangible assets under development (€) Investment in property	- -	- - -	- -	1,017.09
	(f) Financial assets - Investment (g) Other Non current Assets	890.43 19.01	931.38 19.01	- 890.43 0.10	931.38 0.10
	Total Non current assets (A) Current assets	11,325.20 13,230.53	754.55 2,722.03	11,325.20 13,211.62	754.55 2,703.12
	(a) Inventories (b) Financial Assets (i) Trade Receivables	22.66 445.85	-	22.66	-
	(ii) Cash & Cash Equivalents (iii) Loans & advances (iv) other financial assets	107.98 3,861.56	417.79 126.69 3,932.40	445.85 137.02 3,966.00	417.79 154.50 3,924.57
	(c) Other current assets Total current assets (B)	- 1.00 4,439.05	10,375.21 0.79 14,852.88	- 1.00 4,572.53	10,375.21 0.79 14,872.86
	Total Assets (A+B)	17,669.59	17,574.91	17,784.16	17,575.98
2	EQUITY AND LIABILITIES EQUITY
	(a) Equity Share Capital (b) Other Equity Total Equity ('C)	9,404.63 7,694.00 17,098.63	9,404.63 7,724.73 17,129.36	9,404.63 7,808.25 17,212.88	9,404.63 7,725.49 17,130.12

	LIABILITIES Non-Current Liabilities		51.40	28,75	51.40
	(a) Loan Liability (b) Deffered Tax Liability Total Non Current Liability (D)	28.75 42.65 71.40	39.65 91.05	42.65 71.40
	Current liabilities Financial Liabilities (i) Borrowings
	(ii) Trade Payables (b) Provisions Total liabilities (E)	22.67 461.82 15.06	20.91 299.10 34.47	22.67 462.15 15.06
	TOTAL-EQUITY AND LIABILITIES (C+D+E)	499.55 17,669.59	354.48 17,574.91	499.88 17,784.16
	Place : Mumbai				39.65 91.06 20.91 299.42 34.47 354.80 17,575.98
	Date: June 29, 2021	For and on behalf of Board of Directors
		aC Sale Lakhmendra Khurana Chairman and Managing Director

Lakhmendra aC Sale Khurana

			E> <cel reatry<="" th="">










				Formerly Known as Excel Infoways Ltd.	N INFRA Ltn.
EXCEL REALTY N INFRA LTD. (Formely known as Excel infoways Ltd.)				CIN-L45400MH2003PLC138568
Cash Flow Statement of standalone financial statement for the year ended 34 March, 2021 Particulars		For the year ended
		31 March, 2021 Amount (Rs.'000) Amount (Rs.'000)		For the year ended 31 March, 2020 Amount	Amount (Rs.'000)
A. Cash flow from operating activities				(Rs.'000)
Net Profit / (Loss) before extraordinary items and tax Adjustments for: Depreciation and amortisation		(2,628.14)		1,482.91
Finance costs Interest income Non Operating revenue		2,119.43 522.68 (38.56)		2,699.00 480.51 (37.91)
Profit on sale of Fixed Assets Operating profit / (loss)		0.00 (266.00)	(290.59)	0.00 0.00	4,624.50
Adjustments for (increase) / decrease in operating assets: Trade receivables		(2,806.18)
Trade Payables Inventory Non current assets		16,271.06 (2,266.49) (1,057,044.49)		2,609.03 10,464.57
Long-term loans and advances Other finacial Assets Adjustments for increase / (decrease) in operating liabilities:		7,083.46 1,037,521.00		5,936.08 184,276.13 (1,037,521.00)
Other current liabilities Acturial Gain		(2,414.01) 552.90		(469.42) 157.10
Cash generated from operations Net income tax (paid) / refunds			(3,102.74) (3,393.34)		(834 547.50) (829,923.00)
Net cash flow from / (used in) Operating activities B. Cash flow from investing activities	A		(3,393.34)		(829,923.00)
Addition in Fixed Assets Change in investments Interest received		4,094.95		(83,560.19)
- Others		38.56		911,982.15 37.94
Net cash flow from / (used in) investing activities C. Cash flow from financing activities	B		4,133.51 4133.51		828,459.87 828,459.87
Changes in borrowings Finance cost		(2,088.51) (522.68)		1,177.26
Net cash flow from / (used in) financing activities	c		(2,611.20) (2,611.20)	(480.51)	696.75 696.75
Net increase / (decrease) in Cash and cash equivalents (A+B+C) Cash and cash equivalents at the beginning of the year [Cash and cash equivalents at the end of the year			(1,871.03) 12,668.79		(766.38) 13,435.17
Place : Mumbai			10,797.76		12,668.79
		For and on behalf of the Board of Directors aN
		Lakhmendra Khurana Lakhmendra Khurana
Date : June 29, 2021		Chairman and Managing Director

Date : June 29, 2021 aN Lakhmendra Khurana Lakhmendra Khurana Chairman and Managing Director

@ E><Cel REALTY N INFRALTD, Formerly Known as Excel Infoways Ltd. CIN-L45400MH2003PLC 138568

EXCEL REALTY N INFRA LTD. (Formely known as Excel infoways Ltd.) Cash Flow Statement of consolidated finacial statement for the year ended 31 March, 2021

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		@ E> <cel< th="">	REALTY	INFRALTD, N
			CIN-L45400MH2003PLC 138568	Formerly Known as Excel Infoways Ltd.
EXCEL REALTY N INFRA LTD. (Formely known as Excel infoways Ltd.) Cash Flow Statement of consolidated finacial statement for the year ended	31 March, 2021
Particulars	For the year ended 34 March, 2024			For the year ended 34 March, 2020
A. Cash flow from operating activities		Amount (Rs.'000) Amount (Rs.'000)	Amount (Rs.'000)	Amount (Rs.'000)
Net Profit / (Loss) before extraordinary items and tax	8,717.94		(27,051.79)
Adjustments for: Depreciation and amortisation Finance costs	2,119.43		2,699.00
Interest income Non Operating revenue	522.68 (38.56) 0.00		480.51 (37.91) 0.00
Loss on sale of Fixed Assets Operating profit / (loss)	(266.00)	11,055.49	0.00	(23,910.19)
Adjustments for (increase) / decrease in operating assets: Trade receivables Trade Payables	(2,806.17) 16,273.12		2,609.03
Inventory Non current assets	(2,266.49) (1,057,085.14)		10,468.35 0.00 5,836.18
Long-term loans and advances Other financial assets Adjustments for increase / (decrease) in operating liabilities:	(4,142.32) 1,037,519.78		184,338.21 (1,037,519.78)
Other current liabilities Actuary Gain Currency Translation reserve	(2,241.01) 365.35 57.10		(369.51) 28,747.76
Cash generated from operations Net income tax (paid) / refunds		(14,325.77) (3,270.28)	152.44	(805,737.32) (829,647.52)
Net cash flow from / (used in) operating activities A		(3,270.28)		(829,647.52)
B. Cash flow from investing activities Addition In Fixed Assets Change in investments	0.00		(83,560.19)
Interest received - Others	4,094.95 38.56		911,982.15 37.91
Net cash flow from / (used in) investing activities B		4,133.51 4133.51		828 459.87 828,459.87
C. Cash flow from financing activities Changes in borrowings Finance cost	(2,088.51)		1,177.26
Net cash flow from / (used in) financing activities Cc	(522.68)	(2,611.20) (2,611.20)	(480.51)	696.75 696.75
Net increase / (decrease) in Cash and cash equivalents (A+B+C) Cash and cash equivalents at the beginning of the year		(1,747.97) 15,450.44		(490.90) 15,941.34
Cash and cash equivalents at the end of the year		13,702.47		15,450.44
		For and on behalf of the Board of Directors

PLACE : MUMBAI Date: June 29, 2021
	Lakhmendra Khurana Chairman and Managing Director

Lakhmendra Khurana

Gupta Saharia & Co. Bhatter & Co. Chartered Accountants Chartered Accountants 4, Atlanta, Evershine Nagar 307, Tulsiani Chambers, Malad (West) Nariman Point, Mumbai -400064 Mumbai -400021

INDEPENDENT AUDITOR'S REPORT ON STANDALONE ANNUAL FINANCIAL RESULTS OF THE COMPANY PURSUANT TO THE REGULATION 33 AND REGULATION 52 READ WITH REGULATION 63 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 (AS AMENDED)

To, The Board of Directors Excel Realty N Infra Limited

OPINION

We have audited the accompanying statement of quarterly and year to date standalone financial results of Excel Realty and Infra Limited ("the Company") for the quarter ended March 31, 2021 and for the year ended March 31, 2021, (the "Statement"), attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 and Regulation 52 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) ('Listing Regulations'), including relevant circulars issued by the SEBI from time to time

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

(i) is presented in accordance with the requirements of the of Regulation 33 and Regulation 52 read with Regulation 63 of the SEBI 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');
(ii) gives a true and fair view in conformity with the applicable accounting standards ('Ind As') prescribed under section 133 of the Companies Act, 2013 ('the act'), read with the relevant rules issued thereunder, and other accounting principles generally accepted in India, of the net profit and other comprehensive income and other financial information of the Company for the quarter ended March 31, 2021 and for the year ended March 31, 2021,

BASIS OF OPINION

We conducted our audit in accordance with the Standards on Auditing ('SAs') specified under section 143(10) of the Companies Act, 2013. Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements 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 Companies Act, 2013 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 the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Due to Covid-19 (lockdown), we have conducted our audit on the basis of data received online from the company and on the basis of limited test check without any physically verification of documents.

Emphasis of Matter

(1) As mentioned in Note No 7 to the standalone financial results, Investment in properties consist of advances paid for acquisition of Immovable property, their carrying values has been considered as fair values. No impairment provisions have been made there upon. Our opinion is not modified in respect of this matter.
(2 We draw attention to Note No. 8 of the Statement, which describes the uncertainties due to the outbreak of Covid-2019 pandemic and the management's evaluation of the same on the standalone financial results of the Company as at the balance sheet date. In view of these uncertainties, the impact on the Company's results is significantly dependent on future developments. Our opinion is not modified in respect of this matter.

MANAGEMENT'S AND THOSE CHARGED WITH GOVERNANCE RESPONSIBILITIES FOR THE STATEMENT

This Statement has been prepared on the basis of the standalone annual financial statements. 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 and Regulation 52 read with Regulation 63 of the Listing Regulations including SEBI Circulars. 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 gives a true and fair view and is free from material misstatement, whether due to fraud or error.

In preparing the Statement, the Board of Directors 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 the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

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

AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE STATEMENT

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 Standards on 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.

As part of an audit in accordance with the Standards on Auditing, we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

* 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.

e 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 in place an adequate internal financial controls system over financial reporting 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 the 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.

e 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 MATTER

The statements incudes the financial results for the quarter ended March, 31, 2021, being the balancing figures between the audited figures in respect of the full financial year and the published unaudited year to date figures upto December, 31, 2020, which were subjected to limited review by us.

For Gupta Saharia &Co. Chartered Accountants ICAI Firm Registration Number: 103446W

CA Suresh Saharia Partner Membership No.: 040180 Place: Mumbai Date: 29.06.2021 UDIN:-\OLOIZOAAAABL4 4-45

For Bhatter & Co. Chartered Accountants ICAI Firm Registration Number: 131092W

CA Daulal Bhatter Partner Membership No.: 016937 Place: Mumbai Date: 29.06.2021 UDIN: 2101 64 B+ AAAAGNIZU ⁸ Gupta Saharia & Co. Bhatter & Co. Chartered Accountants Chartered Accountants 4, Atlanta, Evershine Nagar 307, Tulsiani Chambers, Malad (West) Nariman Point, Mumbai -400064 Mumbai -400021

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 (AS AMENDED)

To,

The Board of Directors Excel Realty N Infra Limited

OPINION

We have audited the accompanying consolidated annual financial results ('the Statement') of Excel Realty N Infra Limited ('the Holding Company') and its subsidiary (the Holding Company and its subsidiary together referred to as 'the Group'), (refer Annexure-1 for the subsidiary 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 (as amended) ('Listing Regulations'), including relevant circulars issued by the SEBI from time to time.

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 reports of other auditor on separate audited financial statements of the subsidiary, the Statement:

(i) includes the annual financial results of the following entity (refer Annexure-1 for the subsidiary included in the Statement);
(ii) is presented in accordance with the requirements of Regulation 33 of the Listing Regulations, read with SEBI Circular CIR/CFD/FAC/62/2016 dated 5 July 2016 (hereinafter referred to as 'the SEBI Circular'); and
(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

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 the audit evidence obtained by us and that obtained by the other auditors in terms of their reports is sufficient and appropriate to provide a basis for our Opinion. Due to Covid-19

(lockdown), we have conducted our audit on the basis of data received online from the company and on the basis of limited test check without any physically verification of documents.

Emphasis of Matter

(1) As mentioned in Note No. 6 to the consolidated financial results, Investment in properties consist of advances paid for acquisition of Immovable property, their carrying values has been considered as fair values. No impairment provisions have been made there upon. Our opinion is not modified in respect of this matter.
We draw attention to Note No. 7 of the consolidated financial results, which describes the uncertainties due to the outbreak of Covid-2019 pandemic and the management's evaluation of the same on the standalone financial results of the Group as at the balance sheet date. In view of these uncertainties, the impact on the Group's results is significantly dependent on future developments. The audit report of the subsidiary company is silent in this regard. Our opinion is not modified in respect of this matter. (2

Management's and Those Charged with Governance Responsibilities for the Statement

The 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. 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 consolidated 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 the 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 Circular. 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.

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, is closing, 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.

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

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 Standards on 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.

As part of an audit in accordance with the Standards on Auditing, we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

e 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.

¢ 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 Group (covered under the Act) have 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 ability of the Group, 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 Group to cease to continue as a going concern.

e 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 entities included in the Statement, which have been audited by the other auditors, such other auditors remain 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 entity 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. Minna

We also performed procedures in accordance with SEBI Circular CIR/CFD/CMD1/44/2019 dated March, 29, 2019, issued by the SEBI under Regulation 33 (8) of the Listing Regulations, to the extent applicable.

OTHER MATTER

We did not audit the annual financial statements of the subsidiary included in the Statement; whose financial information reflects total asset of Rs. 3624.00 lacs, as at 31%, March 2021, total revenue of Rs 7.99 lacs, total net profit after tax of Rs 1.20 lacs, total comprehensive income of Rs. 1.20 lacs, cash flows of Rs. 1.23 lacs for the year ended on that date as considered in the statement. These annual financial statements have been audited by other auditors whose audit reports 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 this subsidiary is based solely on the audit report of such other auditor, and the procedures performed by us.

Further, of the subsidiary, which is located outside India, whose annual financial statement have been prepared in accordance with accounting principles generally accepted in its respective country, which have been audited by other auditor and under generally accepted auditing standards as applicable in its respective country. The Holding company's management has converted the financial statement of such subsidiary from accounting principle generally accepted in its respective country to accounting principles generally accepted in India. We have audited these conversion adjustments made by the Holding Company's Management. Our opinion is so far as it relates to the amount and disclosures included in respect of this subsidiary is based on the audit report of other auditor and conversion adjustments prepared by the management of the Holding company and audited by us.

Our opinion on the Statement is not modified in respect of the above matters with respect to our reliance on work done and the reports of the other auditors and the financial information certified by the Board of Directors

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 consolidated figures upto the third quarter of the current financial year , which were subjected to limited review by us.

For Gupta Saharia & Co. For Bhatter & Co. Chartered Accountants Chartered Accountants

CA Suresh Saharia Partner Membership No.: 040184 Place: Mumbai \ go! Place: Mumbai Date: 29.06.2021 <= Date: 29.06.2021 UDIN: 2\OUDIRDAAA AB 5262 UDIN: 210164 SFAAAAG OLLOSS

ICAI Firm Registration Number: 103446W ICAI Firm Registration Number: 131092W Uhre. CA Daulal Bhatter Partner Membership No.: 016937

Annexure A

The Statement includes the results of the following entity:

a. Excel Info FZE, Flexi Desk, RAKEZ Business Zone-FZ RAK, Ras Al Khaimah, UAE

E><Cel REALTY NINFRALTD. June 29, 2021 Formerly Known as Excel Infoways Ltd. CIN-L45400MH2003PLC138568

BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Plot No. C/1, G Block Dalal Street Bandra-Kurla Complex Mumbai 400 001 Bandra (East), Mumbai 400 051

Scrip Code : 533090 Trading Symbol : EXCEL

ScripID : EXCEL

Fax No: 2272 3121 / 2272 2037 Fax No : 2659 8348 / 2659 8237 / 38

Sub. : Declaration with respect to Audit report with unmodified opinion to Audited Standalone Financial Results and Audited Consolidated Financial Results for the financial year ended March 31, 2021

Dear Sir / Madam,

We hereby declare that Audited Standalone Financial Results and Audited Consolidated Financial Results for the financial year ended March 31, 2021 which have been approved by the Board of Directors of the Company at the Meeting held today, ie. Tuesday, June 29, 2021, the Statutory Auditors have not expressed any modified opinion(s) in their Audit Report. Regd. Off.: 31-A, Laxmi Industrial Estate, New Link Road, Andheri (West), Mumbai - 400 053. Tel.: +91-22-4030 9898 Fax : +91-22-2639 4248 » Email: [email protected] + Website: http://www.excel-infoways.com

The above declaration is made in pursuant to Regulation 33 (3) (d) of the Securities Exchange and Board of India (Listing Obligation and disclosure Requirements) Regulation, 2015 as amended

Kindly take the same on records and acknowledge

Yours faithfully, For Excel Realty N Infra Limited WS

Lakhmendra Khurana Managing Director

AI assistant

Landsmill Green Limited Board/Management Information 2021

63838_rns_2021-06-29_93a91b6a-d5ba-4422-92d9-f502cd3ff29b.pdf

b. Brief Profile of M/s. K. G. Shah & Associates — Internal Auditor

E><Cel reaLty NINFRALTD. Formerly Known as Excel Infoways Ltd. . CIN-L45400MH2003PLC138568

c. Brief Profile of Mr. Subrata Kumar Dey

d. DISCLOSURE UNDER REGULATION 30 OF THE SEBI (LISTING OBLIGATON AND DISCLOSURE REQUIREMENTS) REGULATION, 2015