Seamec Ltd — Interim / Quarterly Report 2022

Aug 13, 2021

SEAMEC/NSF/SM0/1308/2021

August 13, 2021

National Stock Exchange of India Limited Exchange Plaza Plot No. Cfl, G Block, Bandra-Kurla Complex, Sandra (East) Mumbai - 400 051

Trading Symbol: "SEAMECLTD"

Sub: Outcome of the Board Meeting held on August 13, 2021

Dear Sir / Madam,

In continuation to our letter bearing reference no. SEAMEC/NSE/SM0/0208/2021 dated August 2, 2021, we wish to inform you that the Board of Directors of the Company, at its meeting held today i.e. August 13, 2021, has inter alia, considered and approved:

• 1. Unaudited financial results (standalone and consolidated) for the quarter ended June 30, 2021, duly reviewed and recommended by the Audit Committee.
• 1. In-principle approval for acquisition of Barge "Kreuz Glorious" to meet Company's ongoing contractual requirement and deployment in offshore market, subject to statutory compliance.
• 1. In-principle approved availing term loan of Rs. 80 crores or its USO equivalent with INR/USD swapping for re-financing of vessel "Subtech Paladin", subject to negotiations of details terms and conditions with prospective banks.
• 1. On the recommendation of Nomination and Remuneration Committee, revoked appointment on secondment of Mr. Naveen Mohta, Whole Time Director from HAL Offshore Limited with effect from August 31, 2021 and subsequently approved fresh appointment of Mr. Naveen Mohta as Additional Director designated as Whole Time Director for a period of 5 years with effect from September 1, 2021, subject to approval of shareholders.

The relevant details pertaining to appointment of Mr. Naveen Mohta pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular CIR/CFD/CMD/4/2015 dated September 09, 2015 are enclosed as Annexure A.

The appointment of Mr. Naveen Mohta as Additional Director designated as Whole Time Director in compliance with the requirements of Stock Exchange circulars NSE/CML/2018/24 and BSE/LIST /COMP /14/2018-19 both dated June 20, 2018.

• 1. As part of periodic review, the Board considered, approved/ amended the following policies:
  • Risk Management Policy

- Dividend Distribution Policy

The copies of the above policies will be made available on the website of the Company at www.seamec.in.

We are enclosing herewith the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2021 for your information and record. The same will also be made available on the website of the Company.

The meeting of the Board of Directors commenced at 12:48 P.M. and concluded at 02:15 P.M.

We request you to take the above on record and disseminate the same on your website.

Thanking you,

Yours Faithfully, For SEAMEC LIMITED

iVA~

S.N. Mot anty President - Corporate Affairs, Legal and Company Secretary

Annexure A

Particulars	Details
Reason for Change	Revocation of appointment on secondment of
	Mr. Naveen Mohta from HA Offshore Limited
	andappointmentasAdditionalDirector
	designated as Whole Time Director.
DateofAppointmentandTermof	AppointmentasAdditionalDirector
Appointment	designated as Whole Time Director of the
	Company, effective from September l, 2021 for
	a period of five years, liable to retire by
	rotation in terms of the provisions of the
	Companies Act, 2013 as amended and the
	Articles of Association of the Company.
Brief Profile	Mr. Naveen Mohta is a qualified Chartered
	Accountant and Cost and Works Accountant.
	Mr. Mohta has 23 years of experience which
	includes 21 years with HAL Offshore Limited,
	the Promoter of the Company. Before joining
	HAL, Mr.Mohta has worked with India
	Gypsum Limited, a joint venture between
	Birla Group and BPB Pk UK and has also
	interacted with various Government bodies
	such as SIPCOT, TNGST department, Excise,
	PollutionControlBoardsetc.forgetting
	various approvals and registrations for the
	green field project in Chennai, besides looking
	after accounts and finance function. In his
	present position, he looks after the operations
	and commercials of offshore fleets. His area of
	expertise is Commercial and Operations.
Disclosure of relationships between Directors	Mr.Naveen Mohta isnot related to any
	Director of the Company.

T R Chadha & Co LLP

Chartered Accountants 502, Marathon Icon, Off. Ganpatrao Kadam Marg Opp. Peninsula Corporate Park Lower Parel, Mumbai - 400 013 Tel.: 022-49669000 Fax.: 022-49669023 Email: mumbai@trchadha.com

Independent Auditor's Review Report on Standalone unaudited quarterly 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 SEAMEC LIMITED

• 1. We have reviewed the accompanying statement of standalone unaudited financial results of Seamec Limited for the quarter ended 30th June, 2021 (hereinafter referred to as "Statement"), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time. This statement is the responsibility of the Company's Management and has been approved by the Board of Directors. Our responsibility is to issue a report on these financial statements based on our review.
• 1. This Statement, which is the responsibility ofthe Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
• 1. We conducted our review ofthe Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
• 1. Based on our review conducted as above, nothing has come to our attention that causes us to believe thatthe accompanying statement ofunaudited standalone financial results, prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standard ("Ind AS") and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements)

T R Chadha & Co LLP Chartered Accountants I 502, Marathon Icon, I qff. Ganpatrao Kadam Marg

Opp. Peninsula Corporate Park Lower Parel, Mumbai - 400 013 Tel.: 022-49669000 Fax.: 022-49669023 Email: mumbai@trchadha.com

Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

5. Emphasis ofMatters

We draw attention to Note 2 to the accompanying standalone financial results which states that the Company reasonably estimates no adverse substantive impact due to Covid 19 on its business, operations, financials, cash flow, liquidity or ability to service its financial obligations going forward. However, the full extent to which the pandemic will impact the future financial results of the Company will depend on upcoming developments, which are highly uncertain including any new information concerning the severity of the pandemic. Management will continue to monitor any material changes to future economic conditions and the impact thereof on the Company, if any

Our conclusion is not modified in respect of above matters.

For TR Chadha & Co LLP Chartered Accountants Firm Registration No. 006711N/N500028

Digitally signed by VlKAS VIKAS KUMAR ~~:,;~21 oan 14:11:s6 +05'30'

VikasKumar UDIN:21075363AAAAA09185

Date: 13th August, 2021 Partner Place: Mumbai Membership No. 75363

Seamec Limited Registered office: A-901-905,9th Floor,215 Atrium Andheri-Kurla Road, Andheri (East), Mumbai 400093, India Tel: (022) 66941800 Fax: (022) 66941818 Email: contact@seamec.in Website : www.seamec.in CIN: L63032MH1986PLC154910

STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULT FOR THE QUARTER ENDED JUNE 30, 2021

				(t in lakhs except as stated)
			Standalone
Particulars		Quarter ended		Year ended
	June 30, 2021	March 31, 2021	June 30, 2020	March 31 , 2021
	(Unaudited)	tAudited)	(Unaudited)	{AuditedI
1 Income
(a) Revenue from operations	6.255	8.704	3,125	22,924
lbl Other income	1.093	714	998	3.404
2 Total Income (a)+(b)	7,348	9 418	4,123	26,328
3 Expenses
lal Ooerating Expenses	2,780	3870	2.497	11.961
(b) Employee benefit expenses	1,305	1.498	1.141	5.117
(cl Finance costs	13	11	18	64
(d) Depreciation and amortisation expenses	1.223	1,334	893	4.284
(el Other Exoenses	95	275	109	582
4 Total expenses (a toe)	5,416	6,988	4658	22,008
--­-­5 Profit I (loss) before exceptional items and tax (2-4)	-1,932	2430	15351	4 320
6 Exceptional item	-	-	-	6,188
7 Profit I (loss) before tax (5-6)	1,932	2,430	(5351	10 508
8 Tax expense
(a) Current Tax	95	125	136	465
(bl Deferred Tax	81	(33)	130	280
9 Profit I (Loss) for the period I year ended after tax (7-8)	1.756	2338	(801)	9,763
10 Other Comprehensive Income
Item that will be reclassified to statement of orofit and loss	-	-	-	-
Item that will not be reclassified to statement of profit and loss	6	28	(2)	22
11 Total comprehensive Income for the period I year (9+10)	1 762	2366	1803	9785
12 Paid up eauitv share capital (face value : ~ 10/- each)	2,543	2.543	2,543	2.543
13 Earnings/(Loss) per share (of' 10/-each)
- Basic & Diluted (~.)	6.91	9.20	13.151	38.39

Seamec Limited Registered office: A-901-905,9th Floor,215 Atrium Andheri-Kurla Road, Andheri (East), Mumbai 400093, India Tel : (022) 66941800 Fax: (022) 66941818 Email: contact@seamec.in Website : www.seamec.in CIN : L63032MH1986PLC154910

Segment Reporting

(~in lakhs except as stated)

	Particular		Standalone
			Quarter ended
		June 30, 2021	March 31 . 2021(AuditedI	June 30. 2020(Unaudited\	Year endedMarch 31, 2021IAuditedl
		(Unaudited)
	1 Segment Revenue
	(a) Domeslic	5 747	8.323	2881	21202
	--­-~_Qye!seas	508	381	244	1.722
	Revenue from operations -- -	6 255	8 70•1	3.125	22 924
	2 Segment results
	(al Domestic	874	1 831	(1 .327'	t 027
	Cbl Overseas	f2 11	(114	0881	1471
	Total	853	1 717	11 5151	980
	Less: lil Finance Cost	13	lt	1'8	64
	Add : fiil Olher un-allocable income	1.092	724	998	3.404
	Add : fiii) Exceplional item	-	-	-	6188
	Profit / (loss} before tax	1,932	2,430	(5351	10,508

• Segment assets & segment liabilities have not been identified with any of the reportable segments, as the assets used in the Company's business and the liabilities contracted are used interchangeably between segments.

• 2 The Company's operations and revenue during the period have no adverse substantive impact due to COVID-19. The Company has assessed the impact of COVID-19 in preparation of the unaudited standalone financial results, based on internal and external information up to the date of approval of these unaudited standalone financial results and current indicators of future economic conditions. The Company does not anticipate adverse substantive impact on its business, operations, financials, cash How, liquidity or ability to service its financial obligations going forward. However, the full extent to which the pandemic will impact the future financial results of the Company will depend on upcoming developments, which are highly uncertain including any new information concerning the severity of the pandemic. Management will continue to monitor any material changes to future economic conditions and the impact thereof on the Company, if any.
• 3 During the period under review, the Company had acquired a Diving support Vessel "SUBTECH PALADIN" on June 30, 2021 .
• 4 During July 2021, the Company had scrapped one of its Vessel "SEAMEC I"
• 5 There is no material activity pertaining to a subsidiary company "SEAMEC NIRMAN INFRA LIMITED" incorporated for undertaking for and execute contracts, whether on consortium basis or joint venture or otherwise, whether awarded directly to the Company or outsourced or procured for construction and erection of roads, bridges, tunnels and other infrastructure projects.
• 6 The above financial results have been reviewed by the Audit Committee and taken on record by the board of directors at respective meetings held on August 13, 2021. The statutory auditor has performed a Limited review of these results.
• 7 The previous year figures have been regrouped to conform to the current period presentation. The figures for quarter ended March 31, 2021 are balancing figure between the audited figures for full financial year and the reviewed year to date figures up to the third quarter of the financial year.

For and on behalf of the Board of Directors

NaveenMo

Date: August 13, 2021 Whole TI~ Place: Mumbai

T R Chadha & Co LLP

Chartered Accountants ( 502, Marathon Icon, Off. Ganpatrao Kadam Marg Opp. Peninsula Corporate Park Lower Parel, Mumbai - 400 013 Tel.: 022-49669000 Fax.: 022-49669023 Email: mumbai@trchadha.com

Independent Auditor's Review Report on consolidated unaudited quarterly 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 SEAMEC LIMITED

• 1. We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of SEAMEC Limited ("the Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group"), for the quarter ended 30th June, 2021 ("the Statement"), being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
• 1. This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
• 1. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.

T R Chadha & Co LLP Chartered Accountants

502, Marathon Icon, Off. Ganpatrao Kadam Marg Opp. Peninsula Corporate Park Lower Parel, Mumbai - 400 013 Tel.: 022-49669000 Fax.: 022-49669023 Email: mumbai@trchadha.com

l

• 1. The Statement includes the results of the following subsidiaries:
  • a. Seamec International FZE
  • b. Seamate Shipping FZC
  • c. Seamec Nirman Infra Limited
• 1. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred to in paragraph 7 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

6. Emphasis of Matters

We draw attention to Note 2 to the accompanying consolidated financial results which states that the Company reasonably estimates no adverse substantive impact due to Covid 19 on its business, operations, financials, cash flow, liquidity or ability to service its financial obligations going forward. However, the full extent to which the pandemic will impact the future financial results of the Company will depend on upcoming developments, which are highly uncertain including any new information concerning the severity of the pandemic. Management will continue to monitor any material changes to future economic conditions and the impact thereof on the Company, if any ,

Our conclusion is not modified in respect of above matters.

1. We did not review the interim financial statements and other financial information of the three subsidiaries, whose unaudited interim financial results and other financial information reflects total revenues of Rs. 1100 lakhs, total net loss of Rs. 485 lakhs, total comprehensive loss Rs. 485 lakhs, for the quarter ended June, 30 2020, as considered in the consolidated unaudited financial results. Those financial statements, prepared in accordance with accounting principal generally accepted 'in the subsidiary's country of incorporation, have been reviewed by other another auditor under generally accepted auditing standards applicable in that country. The Company's management has converted those financial statement accounting principles generally accepted in the country on incorporation of the subsidiary, to accounting principles generally accepted in India. We have reviewed these conversion adjustments made by the Company's management. Our conclusion on the Statement, in so far as it relates to the amounts and

T R Chadha &. Co LLP

Chartered Accountants 502, Marathon Icon, Off. Ganpatrao Kadam Marg Opp. Peninsula Corporate Park Lower Parel, Mumbai - 400 013 Tel.: 022-49669000 Fax.: 022-49669023 Email: mumbai@trchadha.com

disclosures included in respect of said subsidiary, is based solely on the reports of the other auditors, conversion adjustments made by the Company's management and reviewed by us and the procedures performed by us as stated in paragraph 3 above.

Our conclusion on the Statement is not modified in respect of the above matters.

For T R Chadha & Co LLP Chartered Accountants Firm Registration No. 006711N/N500028

Vikas Kumar Place: Mumbai Membership No. 75363 UDIN:21075363AAAAAP8385

Date: 13th August, 2021 Partner

Corporate/ Regd. Office : B-30, Connaught Place, Kuthiala Building, New Delhi - 110001 Phone : 43259900, Fax : 43259930, E-mail : delhi®trcha~ Branches at:•:•Ahmedabad •:• Bengaluru •:• Chennai •:• Gurgaon •:•Hyderabad•:• Pune •:• Tirupati •:• Vadodara

Seamec Limited Registered office: A-901-905,9th Floor,215 Atrium Andheri-Kurla Road, Andheri (East). Mumbai 400093, India Tel: (022) 66941800 Fax: (022) 66941818 Email: contact@seamec.in Website : www.seamec.in CIN : L63032MH1986PLC154910

STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULT FOR THE QUARTER ENDED JUNE 30, 2021

			Consolidated		(' in lakhs except as stated)
			Quarter ended
	Particulars				Vear ended
		June 30, 2021	March 31, 2021	June 30, 2020	March 31, 2021
	--­	!Unaudited)	!Audited)-­	(Unaudited!--­	(Audited)
1	--­Income
	(a) Revenue from o~rations--­	7,299	9687	3,692	25,680
	_ (b) Other income-	1,132	72.9	1,370	3 904
2	-­Total Income (a)+(b)	-­8431	10 416	5062	29 584
3	-- - -Expens.es	--	--	--­	-
	(a) Operating Expenses	3.42Q	4.518	2.541	12.842
	(bl Employee benefit expenses	1.469	1.672	1,150	5.318
	(c) Finance cosls	99	84		484
	(di Oepr~ciat_Lo_!1_ an<:t a mortisation expenses __		-­1,762	-1i1	5,656
		1.655-342	511	_LlZL
~	---­(e) Other Exiierise ~Tota expenses (a toe)	6 985	8 547	t 155 t24	84825148
	---­
5	Profit I (loss) before exceptional items and tax (2-4)	1446	1 869	1621	4436
6	--­E:("cept1onaJ item	-	-­	-­	-6,188
7	--­Profit I (loss) before tax (5~)	1446	1 869	1621	10624
	-
8	Tax expense	-		~
	-(a) Current Tax	-9~	125		465
	---­( b) Deferred Tax	81	-­(33)	~	280
~	Profit I (Loss) for the period I year ended after tax (7.a)	1 270	1 777	13281	9879
			--	--­-
10	Other Compreh sive lncom_<>	-	-
	Item that will be reclassified to statement of profit and loss	75 -	73	" --­ (7)	727
	Item that ;iii not _be reC[assilied to stateme_nt 9f profi!_and loss	'[:	28	__(2)	22
11	---­Total comprehensive Income for the period I year (9+10)	-­1 351	1 878	13371	1.0628
	Net Profit AttribUtable to:		-­	--­
	-Owners of he_ cpa_!1y_	-1.2.§Q_	-1,765	J32B)	9,857
	-­-­-­N0<1-Con1rolhng interest-	!Q_	-­12	--­	22
	-­----­	---­	-	---­
	Other Comprehensive Income Attributable to:	BL	--		749
	(?wners Ofthe cqmQ <ly _<br="">-</ly>	-­	-­101-	.@)
	--­N0<1-CQ11trolhng interest	-­-	-­	-­-
	Total Comprehensive Income Attributable to:				--
	Qwners of the COl!'Pan_y_ -	1 i	1,866	(3:37}	10,6Q6
	NQO-Con1rolhng interest -	101 351	121 878	-1337	2210628
	--­--­-	--­	1-­	-­	-­
12	--­~aid up equity shar~~eit <ll_ (l<l_ce="" -="" 10="" e_ach)<br="" v;;ilue="" ~="" ·="">---­</ll_>	-­---2,543 -	-2 ,543	----­2,543	2,543
1 ~	-Eamlng"1lLC1SS) p0r sl!.a"! of' 101-each)	----	'-"""-- ­	--
	-- Basic & Diluted tU	4 96	7 00	11291,	3885

Seamec Limited Registered office: A-901 -905,9t'1 Floor,215 Atrium Andheri-Kurla Road, Andheri (East), Mumbai 400093, India Tel : (022) 66941800 Fax : (022) 66941818 Email: contact@seamec.in Website : www.seamec.in CIN : L63032MH1986PLC154910

Segment Reporting

					(r in lakhs except as stated)
		Consolidated
		Quarter ended			Year ended
	Particular	June 30, 2021	March 31 , 2021	Jutll> 30, 2020	March 31, 2021
		I Unaudited)	(Audited)	(UnauditedI	I AuditedI
	Segment Revenue		--	~	--
	(ii)Domestic	SJ~~	-8,323		-21 ,202
	(bl Overseas	1.552	-1 364	811	4478
	Revenue from operations	~	9687	3692	25 680
2	~Segment results­	--	---	---	--
	(a) Dome	873	1,831	___ J~ m	-1,027
	(b) Overseas	1466)	(596\	29	(11 \
	Toral	407	1 235	(1 2981	1016
	Less (i) Finance Cost	99	--64	141	-484
	Add (iil Other un~nocable income	.Jii ~	718	- __ 1,_377	3,904
	Add (iii) E:~~ptional _i tem	~	---	----	6.188
	rofil/i"lossl before taxP	1,446	1,869	(621	10,624

• Segment assets & segment liabilities have not been identified with any of the reportable segments, as the assets used in the Group's business and the liabilities contracted are used interchangeably between segments.

• 2 The Group's operations and revenue during the period have no adverse substantive impact due to COVID-19. The Group has assessed the impact of COVID-19 in preparation of the unaudited consolidated financial results, based on internal and external infonnation up to the date of approval of these unaudited consolidated financial results and current indicators of future economic conditions. The Group does not anticipate adverse substantive impact on its business. operations, financials, cash flow, liquidity or ability to service its financial obligations going forward. However, the full extent to which the pandemic will impact the future financial results of the Group will depend on upcoming developments, which are highly uncertain including any new infonnation concerning the severity of the pandemic. Management will continue to monitor any material changes to future economic conditions and the impact thereof on the Group, if any.
• During the period under review, the Group had acquired a Diving Vessel "SUBTECH PALADIN" on June 30, 2021.
• 4 During July 2021, the Group had scrapped one of its Vessel "SEAMEC I".
• 5 There is no material activity pertaining to a subsidiary company "SEAMEC NIRMAN INFRA LIMITED" incorporated for undertaking for and execute contracts, whether on consortium basis or joint venture or otherwise, whether awarded directly to the Company or outsourced or procured for construction and erection of roads, bridges, tunnels and other infrastructure projects.
• 6 The above financial results have been reviewed by the Audit Committee and taken on record by the board of directors at respective meetings held on August 13, 2021. The statutory auditor has performed a Limited review of these results.
• The previous year figures have been regrouped to conform to the current period presentation. The figures for quarter ended March 31, 2021 are balancing figure between the audited figures for full financial year and the reviewed year to date figures up to the third quarter of the financial year.

For and on behalf of the Board of Directors

13, 2021 Wholenme Naveen Moh /7)~ fWr

Date Place : : August Mumbai