June 30, 2021

To,

Mr. Hari K - Asst. Vice President National Stock Exchange of India Ltd "Exchange Plaza", C-1, Block G, Bandra - Kurla Complex, Bandra (E), Mumbai - 400 051

Scrip Code: NSE: SMARTLINK BSE: 532419

To, The Manager - Corporate The Corporate Relationship Department BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001

Sub: Outcome of the Board Meeting

Dear Sir,

Pursuant to Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we would like to inform you as under:

1. The Board of Directors of the Company at its meeting held today i.e. on June 30, 2021 have considered and approved the following:
- a) Audited Financial Results (Standalone and Consolidated) for the quarter and year ended March 31, 2021. The copy of Audited Financial Results (Standalone and Consolidated) as adopted and approved by the Board of Directors and Auditor's report thereon are attached herewith for your ready reference.
- b) based on the recommendation of the Nomination and Remuneration Committee and subject to the approval of the members of the Company, the proposal for re-appointment of Mr. Pradeep Anant Rane (DIN: 01446215), as Non-Executive Independent Director of the Company, for a second term of five years from August 05, 2021 upto August 04, 2026. The requisite disclosure in terms of Regulations 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015, to the extent applicable to the appointment is given in Annexure I.
- c) based on the recommendation of the Nomination and Remuneration Committee and subject to the approval of the members of the Company, the appointment of Ms. Arati Naik (DIN: 06965985) as a Wholetime Director designated as an Executive Director of the Company for a term of five consecutive years with effect from April 01, 2022 upto March 31, 2027. The requisite disclosure in terms of Regulations 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015, to the extent applicable to the appointment is given in Annexure I.

SMARTUNK HOLDINGS LIMITED

Registered Office: L-7, Verna Industrial Estate, Verna, Salcete, GA, 403722, IN I Land Phone: +918322885400 I Fax: +91 832 2783395 Corporate Office: 215 Atrium, 2nd Floor, B-Wing, Courtyard Marriott Compound, Andheri-Kurla Road, Andheri (E). Mumbai - 400 093, INDIA Land Phone: +91 22 4938 6666

[email protected] I www.smartlinkholdings.com

Pursuant to Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby declare that the Statutory Auditors of the Company have issued their audit reports with unmodified opinion on the Financial Statements (Standalone and Consolidated) for the year ended on March 31, 2021.

The Board meeting commenced at 12:30 hours and concluded at 14:25 hours.

Request you to kindly take note of the same and acknowledge the receipt.

Thanking You,

Yours Faithfully,

For SMARTLINK HOLDINGS LIMITED

URJIT A DAMLE COMPANY SECRETARY

SMARTUNK HOLDINGS LIMITED

Registered Office: L-7, Verna Industrial Estate, Verna, Salcete, GA, 403722, IN I Land Phone: +91 832 2885400 I Fax: +91 832 2783395 Corporate Office: 215 Atrium, 2nd Floor, B-Wing, Courtyard Marriott Compound, Andheri-l<urla Road, Andheri (E). Mumbai - 400 093, INDIA Land Phone: +91 22 4938 6666

[email protected] I www.smartlinkholdings.com

ANNEXUREI

NameofDirectors	PradeepAnantRane	AratiNaik
ReasonforChangef--????????????--1DateofAppointment/Re-appointmentandTerm	ReappointmentofRaneMr.asaNonExecutiveIndependentDirectoroftheCompanyforasecondofFivefromtermyearsAugust05, 2021August04,upto2026,subjecttheapprovaloftomembersof theCompany.	AppointmentofAratiMs.NaikasaWholetimeDirectordesignatedasanExecutiveDirectoroftheCompanyforoffiveconsecutivetermayearseffectwithfromApril01,2022uptoMarch2027,31,subjectthetoapprovalofmembersoftheCompany.
ResumeBrief	Mr.Raneissciencegraduateaandhasabout32ofyearsexperienceinsalesandmarketingandoverallBusinessManagementin Pharmaceuticalindustry.	Ms.AratiNaikisExecutiveanDirectoroftheCompany.SheisaGraduateComputerScienceand111Post-GraduateinBusiness&InformationSystemsfromTheUniversityofBolton,UKandalumniofIIMBangalore,havingdoneanexecutivegeneralmanagementprogram.
DisclosureofrelationshipbetweenDirectorinter-se	None	DaughterofMr.K.R. Naik,ExecutiveChairmanof theCompany
InformationrequiredasunderCircularNo.LIST/COMP/14/2018-19andNSE/CML/2018/02dated20,June2018issuedbytheBSE&NSE,respectively.	Mr.RaneisdebarredfromnotholdingofficeofDirectorbyavirtueofSEBIOrderanyanyorothersuchauthority.	Ms.AratiNaikisdebarredfromnotholdingofficeofDirectorbyvirtueaofSEBIOrderothersuchanyanyorauthority.

SMARTUNK HOLDINGS LIMITED

Registered Office: L-7, Verna Industrial Estate, Verna, Salcete, GA, 403722, IN I Land Phone: +91 832 2885400 I Fax: +918322783395

Corporate Office: 215 Atrium, 2nd Floor, B-Wing, Courtyard Marriott Compound, Andheri-l<urla Road, Andheri (E), Mumbai - 400 093, INDIA Land Phone: +91 22 4938 6666

[email protected] I www.smartlinkholdings.com

CIN: L67100GA1993PLC001341

		Registered Office:Website:	L-7, Verna Industrial £state, Verna, satcete, Goa · 403722www.snmtllnkholdlngs.com
		Statementof AuditedStandaloneFinancial	Resultsfor the Quarter	and Year	endedMarch31, 2021
							(l\s. In Lakhs except earnlnes per shAro)
				Quarterended		Year ended
Sr.No.		Partlculars	March31,2021	31,December2020	31,March2020	March31,2021	March31,2020
			(Audited)	(Unaudited)	(Audited)	(Audited)	(Audited)
			ReferNote11		ReferNote11
1		fromoperationsRevenue
	a)	InterestIncome	117.92	120.78	125.15	472.00	576.01
	b)	RentalIncome	27.77	32.22	47.76	140.36	190.67
	C)	Fees and commissionIncome	1.46	1.48	1.47	S.89	5.91
	d)	Net gain on fair valuechanges		281.40		875.15	739.55
		TotalRevenuefromoperations	(15.33)131.82	435.88	(61.25)113.13
						1,493.40	1,512.14
	e)	OtherIncome	0.84	19.24	0.06	38.05	7.57
		TotalIncome	132.66	455.12	113.19	1,531.45	1,519.71
2		Expenses
	a)	Financecosts	4.18	8.62
	b)	instruments			21.69	26.15	39.26
		Impairment on financial(Refer Note 5)			835.69		1,235.69
	c)	Employee benefitsexpense	82.58	70.03	76.36	283.50	289.46
	d)	Depreciation and amortization	27.03	32.84	39.50	137.19	142.85
	e)	Other(Refer Note6)expensesTotal	129.21243.00	105.43216.92	147.55	393.48840.32	752.15
		expenses			1,120.79		2,459.41
3		ProfitI (Loss) beforeExceptionalItemsand tax(1·2)	(110.34)	238.20	(1,007.60)	691.13	(939.70)
4		Exceptional(Refer NoteItems7)					424.78
5		ProfitI (Loss) before(3-4)tax	(110.34)	238.20	(1,007.60)	691.13	(1,364.48)

6		Tax expense
	a)	Currenttax	(34.01)	0.86	25.92	80.48	173.38
	b)	Deferredtax charge I (credit)	9.69	57.65	4.34	100.77	(141.44)
	c)	Tax adjustmentsof earlieryears	7.93			7.93	(82.26)
		Totaltaxexpense	(16.39)	58.51	30.26	189.18	(50.32)
7		ProfitI (Loss) for theperiod(5-6)	(93.95)	179.69	(1,037.86)	501.95	(1,314.16)
8		OtherComprehensiveIncome
		A) Itemsthatwill notbe reclasslfledto profit or loss
		gains I (losses) on definedRe-measurementbenefit•plans	13.37	(1.36)	(5.47)	9.28	(5.47)
		Incometax relatingto itemsthatwill notbe·reclassifiedto profit or loss	(3.37)	0.34	1.38	(2.34)	1.38

Subtotal (A) 10.00 (1.02) (4.09) 6.94 (4.09)

Subtotal (B) 12.14 (1.25) (5.46) 5.52 (25.22) Total Other Comprehensive income for the period (A+B) 22.14 (2.27) (9.55) 12.46 (29.31)

· Basic Ii: Diluted (in Rs.) (0.71) 1.35 (6.64) 3.77 (8.41)

9 Total Comprehensive income for the period (7+8) (71.81) 177.42 (1,047.41) 514.41 (1,343.47)

• Not annualised . . .

• Net fair value gain/ (loss) on financial instruments 16.21 (1.66) (7.30) 7.37 (33.70) • Income tax relating to items that will be reclassified (4.07) 0.41 1.84 (1.85) 8.48

See accompanying notes to the standalone financial Results.

10 Earning per share (Face value of Rs. 2/ each)

to profit or loss

B) Items that will be reclasslfled to profit or loss

NOTES TO THE AUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2021

	StandaloneBalanceSheet		(Rs. In takhs )
		As at	ASllt
	Particulars	March31, 2021(Audited)	31, 2020March(Audited)
A)	ASSETS
I)	FinancialAssets
	equivalentsa) Cashandcash	40.30	5.23
	b) BankBalanceotherthan(a) above	461.20	76.13
	c) Investments	16,705.05	16,294.23
	d) OtherReceivables	89.01	89.58
	e) OtherFinancialassets	24.61	38.62
	FinancialTotalAssets	17,320.17	16,503.79
II)	Non-financialAssets
	a) Tax assets(Net)	42.57	117.46
	b) InvestmentProperty	1,315.14	1,353.70
	c) Property,PlantandEquipment	1,091.44	1,250.20
	d) Right to useassets	215.70	207.72
	e) Intangible assets	4.65	10.79
	f) Othernon-financialassets	63.85	47.03
	TotalNon-financialAssets	2,733.35	2,986.90
	TOT AL ASSETS	20,053.52	19,490.69
B	AND EQUITYLIABILITIES
I)	FinancialLiabilities
	a) TradePayables
	(i) totaloutstandingduesof microenterprisesand smallenterprises	-
	(ii) totaloutstandingduesof creditorsotherthanenterprisesmicroandsmallenterprises	82.96	38.63

	Payablesb) Other
	(i) totaloutstandingduesof microenterprisesandsmallenterprises	-	-
	(ii) totaloutstandingduesof creditorsotherthanmicroenterprises	-	-
	andsmallenterprises
	c) Borrowings (Other thanSecurities)Debt	196.64	316.73
	d) Otherfinancialliabilities	101.22	66.47
	TotalFinancialLiabilities	380,82	421.83
	11) Non-FinancialLiabilities
	a) Provisions	5.19	13.86
	b) Deferredliabilities(Net)tax	385.15	280.19
	c) Othernon-financialliabilities	2.56	9.42
	TotalNon-FinancialLiabilities	392.90	303.47
Ill)	EQUITY
	a) Equity Sharecapital	266.00	266.00
	b) OtherEquity	19,013.80	18,499.39
	EquityTotal	19,279.80	18,765.39
	LIABILITIESTOTAL	20,053.52	19,4'}0.69
			'

NOTES TO THE AUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 311 2021

of StandaloneCashflowsStatement2		(Rs. In Lakhs )
Particulars	For theEndedYearMarch31, 2021	For theYearEndedMarch31, 2020
Cashflowfromoperatingactivities
Net ProfitI (loss) beforetax	691.13	(1,364.48)
Adjustmentsfor:
Depreciationandamortisationexpense	137.19	142.85
Interestrefundincometaxon	(12.26)	(3.67)
Valueof Building writtenoff		424.78
Loss I (Profit) onProperty,plant and equipmentsoldI writtenoff (net)	(1.00)
Net gain onfairvaluechanges	(875.15)	(739.55)
Impairmentfinancialinstrumentson		1,235.69
EIR impact of securitydepositsandamortizationrent	(1.47)	(1.05)
EIR impactof Interestbondsincomeon	0.35
of LeaseWaiverrentalpayments	(8.38)
UnrealisedForeign exchangedifference(net)
Financecosts	(0.03)	(0.06)
Guaranteecommission	26.15	39.26
	(5.89)	(5.91)
Gain onderecognitionof financialmeasuredat amortisedinstrumentcost	(14.69)
OperatingprofitI (loss) beforeworking capitalchanges	(64,05)	(272.14)
Changes in working capital
(Increase)I Decreasein Investments	477.25	7,129.05
(Increase)deposits withI Decreasein FixedBanks	(385.06)	380.79
(Increase)I Decreasein OtherReceivables	0.57	(54.99)
(Increase)I Decreasein Otherfinancialassets	17.83	(1. 77)
(Increase)I Decreasein Othernon-financialassets	(16.82)	(14.57)
IncreaseI (Decrease)payablesin trade	44.32	10.09
IncreaseI (Decrease)Otherfinancialliabilities	33.76
IncreaseI (Decrease)in Othernon-financialliabilities		(0.37)3.11
Increase	(6.86)
I (Decrease)in provisions	0.60
CashgeneratedI (used in) operationsfrom	101.54	7,179.20
NetIncome(paid)/refundtax	(1.27)	(171.91)
I (used in) operatingNet cashflowsfrom(A)activities	100.27	7,007.29
CashflowfromInvestingactivities
Purchaseof property,plantandequipmentandinvestmentproperty	(9.90)	(1,169.62)
ProceedsfromSaleof property,plant andand intangibleequipmentassets	1.00	0.42
cashflowsI (used in) investingNetfromactivities(B)	(8.90)	(1,169.20)

CashflowfromFinancingactivities
Buyback of Company's equityshares		(4,745.00)
Buyback of Company's equityTax onshares		(1,060.76)
Interestpayments	(3.54)	(16.17)
CashPaymentfor theprincipalof leaseportionpayments	(52.79)	(51.57)
Net cashflowsfromI (used in) financingactivities(C)	(56.33)	(5,873.50)

NetIncreaseI (Decrease)in cashandcashequivalents(A+B+C)	35.04	(35.41)
Cashand cashequivalentsat thebeginningof theyear	5.23	40.58
Effectof exchangedifferencesof foreignCashandbankrestatementcurrencyon	0.03	0.06
balance
Cashandcashequivalentsat theendof theyear	40.30	5.23
equivalentsCashandcashcomprise
Balanceswithbanks
On currentaccounts	37.54	2.93
Cash onhand	2.76	2.30
Totalcashandcashequivalentsat endof the	40.30	5.23
year

NOTES TO THE AUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2021

The above standalone financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on June 30, 2021. The statutory auditors have expressed an unmodified audit opinion on these results.
4 The Company operates in one primary segment only, f.e Investment activity and therefore Ind AS 108 Operating Segment is not applicable.
Impairment on Financial Instrument comprises of diminution of investment of the company in its subsidiary companies.
6 The company had provided a one-time expense of Rs. 184.49 lakhs as part of other expenses In the year ended March 31, 2020, against various disputed liabilities, under Sabka Vishwas (Legacy Dispute Resolution) Scheme Rules, 2019 announced by the Government of lndla.
7 The Board of Directors of the Company at its meeting held on February 11, 2020 had approved a proposal for re-development of Its own building at Mumbai, which required demolition of the existing building, and hence its written down value of Rs. 424.78 lakhs had been written off in books in the year ended March 31, 2020 and disclosed as Exceptional Item.
8 Pursuant to the requisite approvals by the Board of Directors, the Shareholders and the Securities and Exchange Board of India (SEBI), the Company bought back 33,25,000 Equity Shares (aggregating up to 25% of the paid-up equity share capital of the Company) at Rs. 95/· per share, aggregating to Rs. 3,159 lakhs, and the corresponding shares have been extinguished on May 27, 2021. Subsequent to the buy back the paid up equity share capital of the Company has reduced from Rs. 266.00 lakhs to Rs. 199.50 lakhs.
9 The World Health Organization announced a global health emergency because of a new strain of coronavfrus ("COVID-19") and classified its outbreak as a pandemic on March 11, 2020. On March 24, 2020, the Indian government announced a strict 21-day lockdown across the country to contain the spread of the virus. This pandemic and response thereon have impacted most of the industries. Consequent to the nationwide lock down on March 24, 2020, the Company's operations were scaled down in compliance with applicable regulatory orders. Subsequenlty, during the year, the Company's operations have been scaled up in a phased manner taking into account directives from various Government authorities. The impact on future operations would, to a large extent, depend on how the pandemic further develops and it's resultant impact on the operations of the Company. The Company continues to monitor the situation and take appropriate action, as considered necessary in due compliance with the applicable regulations.

The management has made an assessment of the impact of COVID·19 on the Company's operations, financial performance and position as at and for the year ended March 31, 2021 and has concluded that there is no impact which is required to be recognised in the financial results. Accordingly, no adjustments have been made to the financial results.

10 The Code on Social Security 2020 ('the Code') relating to employee benefits, during the employment and post-employment, has received Presidential assent on September 28, 2020. The Code has been published in the Gazette of India. Further, the Ministry of Labour and Employment has released draft rules for the Code on November 13, 2020. However, the effective date from which the changes are applicable is yet to be notified and rules for quantifying the financial impact are also not yet issued.

The Company will assess the impact of the Code and will give appropriate impact in the financial statements in the period in which, the Code becomes effective and the related rules to determine the financial impact are published.

11 Figures of the last quarter of the year are the balancing figures between audited figures in respect of the financial years and unaudited published year to date figures upto third quarter of the respective financial year.
12 The figures for the previous year I periods have been reclassified/ regrouped wherever necessary to conform to current year I periods presentation.

Date: June 30, 2021 For and on behalf of the Board of Directors ?TUNK HOLDINGS LIMITED Executive cnatrman.. DIN: 00002013

Place: Verna-Goa

Independent Auditor's Report on Quarterly Standalone Financial Results and Year to Date Standalone Financial Results pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015

To the Board of Directors of Smartlink Holdings Limited

Report on the Audit of Standalone Financial Results

Opinion

We have audited the accompanying standalone financial results of Smartlink Holdings Limited (hereinafter referred to as 'the Company') for the quarter and year ended March 31, 2021 ('the Statement'), attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('Listing Regulations').

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

(i) is presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
(ii) give a true and fair view in conformity with the applicable accounting standards prescribed under Section 133 of the Companies Act, 2013 ("the Act") read with Companies (Indian Accounting Standards) Rules, 2015, as amended, 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 year ended March 31, 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 Standalone Financial Results 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 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 is sufficient and appropriate to provide a basis for our opinion.

Emphasis of Matter

We draw attention to Note 9 to the accompanying standalone Statement, which states that management has made an assessment of the impact of COVID-19 on the Company's operations, financial performance and position as at and for the year ended March 31, 2021 and has concluded that no impact is required to be recognised in the standalone financial results. Accordingly, no adjustments have been made to the standalone financial results.

Our opinion is not modified in respect of this matter.

l,..tM3>6Pl'l?ll,eja Titanium, Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E), Mumbai 400063, INDIA, Tel: +91 22 6831 1600 ?????,dabad I Bengaluru I Chennai I Goa I Gurugram I Hyderabad I Kochi I Kolkata I Mumbai I Pune www.mska.in

Board of Directors' Responsibilities for the Standalone Financial Results

This Statement, which is the responsibility of the Company's Management and approved by the Board of Directors, has been prepared on the basis of the standalone annual financial statements. The Company's Management and Board of Directors are responsible for the preparation and presentation of this Statement that give a true and fair view of the net profit and other comprehensive income in accordance with the Indian Accounting Standards prescribed under Section 133 of the Act read with Companies (Indian Accounting Standards) Rules, 2015, as amended, issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Board of Directors are responsible for 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 the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that gives a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the Statement by the Directors of the Company, as aforesaid.

In preparing the Statement, the Board of Directors of the Company are responsible for assessing the ability of the Company 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 of the Company are responsible for overseeing the financial reporting process of the Company.

Auditor's Responsibilities for the Audit of the Standalone Financial Results

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 SAs 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 the Statement.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism 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.
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 with reference to financial statements in place and the operating effectiveness of such controls.

Page 2 of 3

Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
Conclude on the appropriateness of the Board of Directors 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 Company 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 of the Company 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.

Other Matters

The Statement include the results for the quarter ended March 31, 2021 being the balancing figure between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" which were subject to limited review by us.

Our Opinion is not modified in respect of the above matter.

For MSKA 8: Associates Chartered Accountants ICAI Firm Registration No.105047W

Darryl Frank Partner Membership No.: 104096 UDIN: 21104096AAAAKF2774

Place: Verna, Goa Date: June 30, 2021

Page 3 of 3

CIN: L67100GA1993PLC001341

Registered Office : L·7, Verna Industrial Estate, Verna, Salcete, Goa • 403722

Website : www.smartllnkholdlngs.com

				Quarterended		(Rs. In Lakhs except earnings por share)Year ended
Sr. No.		Particulars	i---M-a-rc_h_3_1-,2021	2020	--De_c_e_m_b_e_r_3_1,-?M?ar-c_h_3_1_,,f---M-a-rc_h_3_1-,-?2020	I2021	2020•
			(Audited)	(Unaudited)	(Audited)	(Audited)	(Audited)
			ReferNote11		ReferNote11
1		Revenuefromoperations
	a)	InterestIncome	123.96	127.74	134.90	502.67	633.00
		b) RentalIncome	14.57	14.74	14.21	56.53	56.48
		c) Net gain on fair valuechanges	(15.32)	281.39	(61.25)	875.15	739.55
		d) Revenuefrom contractswith customer	1,167.86	1,738.53	1,326.64	5,592.56	6,083.17
		TotalRevenuefromoperations	1,291.07	2,162.40	1,414.50	7,026.91	7,512.20
	e)	OtherIncome	180.52	41.48	21.73
		TotalIncome	1,471.59	2,203.88		261.59	58.02
					1,436.23	7,288.50	7,570.22
2		Expenses
	a)	Financecosts	14.80	25.64	68.52	122.70	244.41
		b) Cost of materialconsumed	113.09	302.91	291.64	673.59	619.09
		c) Purchaseof Stock-In-trade	479.23	707.42	1,084.98	2,682.75	3,404.70
		d) Decrease/(lncrease)in inventoriesof finishedgoods, work-In·and tradedgoods	118.50	158.19	(381.66)	374.76	658.13
		progress
	e)	Employee benefitsexpensef) Depreciation and amortization	306.31	325.66	362.83	1,270.65	1,775.05
		g) Other(Refer Note5)expenses	55.86261.55	67.41304.45	85.19343.22	277.99	301.70
		Totalexpenses	1,349.34	1,891.68		976.73	1,619.22
					1,854.72	6,379.17	8,622.30
3		ProfitI (Loss) beforeExceptionaland taxItems(1·2)	122.25	312.20	(418.49)	909.33	(1,052.08)
4		ExceptionalItems(Refer Note6)					424.78

5		I (Loss) beforeProfit(3·4)tax	122.25	312.20	(418.49)	909.33	(1,476.86)
6		Tax expense
		a) Currenttax	(34.01)	0.86	25.92	80.48	173.38
		b) Deferredtax charge I (credit)	(172.92)	(6.88)	4.34	(201.97)	(141.42)
		c) Tax adjustmentsof earlieryears	7.93			7.93	(82.26)
		Totaltaxexpense	(199.00)	(6.02)	30.26	(113.56)	(50.30)
7		ProfitI (Loss) for theperiod (5·6)	321.25	318.22
					(448.75)	1,022.89	(1,426.56)
8		OtherComprehensiveIncome
		A) Itemsthatwill notbe reclassifiedto profit or loss
		gains I (losses) on definedRe-measurement•	31.46	(5.08)	(21.21)	16.21	(21.21)
		plansbenefitIncome
		tax relating to itemsthatwill notbe•reclassifiedto profit or loss	(6.07)	0.84	1.38	(3.53)	1.38
		Subtotal(A)	25.39
		B) Itemsthatwill be reclassifiedto profit or loss		(4.24)	(19.83)	12.68	(19.83)
		Net fair valuegain/ (loss) onfinancialinstruments•	16.21	(1.66)	(7.30)	7.37	(33.70)
		Incomerelating to itemsthatwill be reclassifiedtax•	(4.08)	0.41	1.84	(1.86)	8.48
		to profit or loss
		Subtotal(B)	12.13	(1.25)	(5.46)	5.51	(25.22)
		TotalOtherComprehensiveIncomefor theperiod (A+B)	37.52	(5.49)	(25.29)	18.19	(45.05)

9		TotalComprehensiveincomefor theperiod(7+8)	358.77	312.73	(474.04)	1,041.08	(1,471.61)
10		Profit/(Loss) for theperiod attributableto
		Equity holdersof the parent	322.36	324.29	(439.84)	1,037.22	(1,397.74)
		Non-controlling interest	(1.11)	(6.07)	(8.91)	(14.33)	(28.82)
		Other
		comprehensiveincomefor theperiod attributableto	37.31
		Equity holdersof the parentNon-controlling interest	0.21	(5.44)	(25.11)	18.11	(44.87)
				(0.05)	(0.18)	0.08	(0.18)
		Totalcomprehensiveincomefor theperiod attributableto
•. _		Equity holdersof the parent	359.67	318.85	(464.95)	1,055.33	(1,442.61)
		interest	(0.90)	(6.12)	(9.09)	(14.25)
		? ershare(Face valueof Rs. 2/ each)					(29.00)l:;;1J>\

{?'i?J'11
		AS? ?ntrolling?EtDiluted(in Rs.)tnualisedn	2.42	2.44	(2.82)·,	7.80	.95)

ee1 accou'0

NOTES TO THE CONSOLIDATED AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2021

Consolidated Balance Sheet

		(Rs. In L11khs)
Particulars	As atMarch31, 2021(Audited)	As atMarch31, 2020(Audited)

A)ASSETS
I)FinancialAssets
a) Cashandcashequivalents	54.31	25.09
b) BankBalanceotherthan(a) above	1,002.95	622.57
c) Receivables
(I) TradeReceivables	876.60	784.41
(II) OtherReceivables	12.12	8.96
d) Investments	16,508.40	16,103.48
e) OtherFinancialassets	37.16	64.13

TotalFinancialAssets	18,491.54	17,608.64
II)Non-financialAssets
a) Inventories	689.81	982.20
b) Tax assets(Net)	52.77	123.56
c) InvestmentProperty	1,113.12	1,137.62
d) Property,PlantandEquipment
	1,825.97	2,193.27
e) Capital work-in-progress	215.70	207.72
f) Intangibleassets	17.04	34.31
g) Othernon-financialassets	571.82	602.35
TotalNon-financialAssets	4,486.23	5,281.03
TOTALASSETS	22,977.77	22,889.67
LIABILITIESAND EQUITY

LIABILITIES
I)FinancialLiabilities
a) TradePayables
(i) totaloutstandingduesof microenterprisesandsmallenterprises	3.62	1.50
(ii) totaloutstandingduesof creditorsotherthanenterprisesmicro
andsmall
enterprises	790.82	1,106.16
b) OtherPayables
(i) totaloutstandingduesof microenterprisesand smallenterprises

(ii) totaloutstandingduesof creditorsotherthanmicroenterprises
andsmallenterprises
c) Borrowings (OtherthanDebtSecurities)	2,362.13	2,673.65
d) Otherfinancialliabilities	286.48	198.13
TotalFinancialLiabilities	3,443.05	3,979.44

II)Non-FinancialLiabilities
a) Provisions	43.97	59.76
b) Deferredliabilities(Net)tax	81.90	278.48
c) Othernon-financialliabilities	68.20	272.42
TotalNon-FinancialLiabilities	194.07	610.66

Ill)EQUITY
a) Equity Sharecapital	266.00	266.00
b) OtherEquity	19,072.67	18,017.34
c) Non-ControllingInterest	1.98	16.23
'& A? 8?"TotalEquity	19,340.65	"·2"·"	f< <sl\t?,< td=""></sl\t?,<>

???·?TOTALLIABILITIES	22,977.77	22,889.6li
ig;		t
??,f'			:·?,
			,-?

NOTES TO THE CONSOLIDATED AUDITED FINANCIAL RESULTS FOR THE QUARTERAND VEAR ENDED MARCH 311 2021

2 Consolidated Statement Of Cash flow

		(Rs. In Lakhs)
	For the Year	For theYear
Particulars	ended31,March2021	31,endedMarch2020
operatingCash flowfromactivities
Net profit I (loss) beforetax	909.33	(1,476.86)
Adjustmentsfor:
Depreciation and amortisationexpense	277.99	301.70
Value of Building writtenoff		424.78
(Profit) onProperty, plant and equipmentsold I writtenoff (net)	(1.00)	(2.53)
EIR impact of security deposits and rentamortization	(2.43)	(3.15)
EIR impact of interestincomebondson	0.35
Intereston incometax refund	(12.26)	(3.67)
Bad Debtswrittenoff	0.02	1.22
Provisionfor doubtfuldebtsback)made/(written	6.40	(26.27)
Net gain onchangesfair value	(875.15)	(739.55)
Waiverleaserentalpaymenton	(8.38)
UnrealisedForeign exchange difference(net)	(3.78)	3.94
Sundry balancesoff I (back) (net)writtenFinancecosts	1.08	2.86
Gain on derecognitionof Right to useassets	122. 70	244.41
Provisionfor warranty(net)	(29.86)23.08	(12.89)
Statutoryprovision no longer required writtenback	(174.46)
Operating(loss) beforeworking capital changes	233.63	(1,286.01)

Changes in working capital
(Increase)I Decreasein Investments	477.25	7,129.04
(Increase)I Decreasein Fixed deposits withBanks	(380.39)	382.47
(Increase)I Decreasein Inventories	292.39	707.88
(Increase)in TradeI Decreaseand otherreceivables	(101.16)	698.82
(Increase)I Decreasein Otherfinancialassets	34.43	(5.50)
(Increase)I Decreasein Othernon-financialassets	30.54	37.47
I (Decrease) in TradepayablesIncrease	(311.19)	(280.95)
I (Decrease) in OtherfinancialliabilitiesIncrease	88.36	137.46
in OtherIncreaseI (Decrease)non-financialliabilities	(52.85)	99.82
IncreaseI (Decrease)in provisions	0.42	(13.08)
fromCashgeneratedoperations	311.43	7,607.42
(paid)/ refund(net)Incometax	(5.36)	(175.53)
flowsfromoperatingNetcashactivities(A)	306.07	7,431.89
Cash flow fromlnvestina activities
of property,plant and equipmentPurchaseandinvestmentproperty	(11.29)	(1,687.40)
ProceedsfromSale of property,plant and equipmentandintangibleassets	1.00	2.96
(used in) investingNet cashflowactivities(B)	(10.29)	(1,684.44)

Financing activitiesCashflowfrom
Buyback of ParentCompany's equity shares		(4,745.00)
Tax onBuyback of ParentCompany's equity shares		(1,060.76)
ProceedsfromI (Repayment of) borrowings	(109.97)	255.92
Interestpayments	(67.57)	(125.69)
Payment for the principal portion of leaseCashpayments	(89.08)	(133.34)
CashFlows(used in) Financing Activities(C)Net	(266.62)	(5,808.87)
(Decrease)in cashandcashequivalents(A+B+C)Net	29.16	(61.42)
and cash equivalentsbeginning of the yearCashat the	25.09	86.43
of exchange differencesEffectof foreign currencyCashand bankbalancerestatementon	0.06	0.08
Cashand cash equivalentsat the end of theyear	54.31	25.09

Cashandcashequivalentscomprise
withbanksBalances
On currentaccounts	48.79	21.62
In Exchange EarnersForeign Currency (EEFC) account	1.68
Cashhandon	3.84	3.47
and cashequivalentsTotalcashat endof theyear	54.31	25.09

NOTES TO THE CONSOLIDATED AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2021

3 The Consolidated Financial results Include results of the following companies:

Nameof the Company	% shareholdingand votingof SmartltnkHoldingspowerLimited	Consolidatedas
Holdings LimitedSmartlink		Holding Company
Digisol Systems Limited	100%	Subsidiary
Synegra EMS Limited	100%	Subsidiary
TelesmartSCS Limited	80%	Subsidiary

Smartlmk Holdmgs Limited along with subsidiaries Is together known as "the Group"

4 The above Consolidated financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on June 30, 2021. The statutory auditors have expressed an unmodified audit opinion on these results.
The Holding company had provided a one-time expense of Rs. 184.49 lakhs as part of other expenses In the year ended March 31, 2020, against various disputed liabilities, under Sabka Vishwas (Legacy Dispute Resolution) Scheme Rules, 2019 announced by the Government of India.
6 The Board of Directors of the Holding Company at Its meeting held on February 11, 2020 had approved a proposal for re-development of Its own building at Mumbai, which required demolition of the existing building, and hence Its written down value of Rs. 424. 78 lakhs had been written off In books in the year ended March 31, 2020 and disclosed as Exceptional Item.
7 Pursuant to the requisite approvals by the Board of Directors of the Holding company, the Shareholders of the Holding company and the Securities & Exchange Board of India (SEBI), the Holding Company bought back 33,25,000 Equity Shares (aggregating up to 25% of the paid-up equity share capital of the Holding Company) at Rs. 95/· per share, aggregating to Rs. 3,159 lakhs, and the corresponding shares have been extinguished on May 27, 2021. Subsequent to the buy back the paid up equity share capital of the Holding Company reduced from Rs. 266.00 lakhs to Rs. 199.50 lakhs.
8 The World Health Organization announced a global health emergency because of a new strain of coronavlrus ("COVID·19") and classified Its outbreak as a pandemic on March 11, 2020. On March 24, 2020, the Indian government announced a strict 21 -day lockdown across the country to contain the spread of the virus. This pandemic and response thereon have Impacted most of the Industries. Consequent to the nationwide lock down on March 24, 2020, the Group's operations were scaled down in compliance with applicable regulatory orders. Subsequenlty, during the year, the Group's operations have been scaled up in a phased manner taking into account directives from various Government authorities. The impact on future operations would, to a large extent, depend on how the pandemic further develops and It's resultant Impact on the operations of the Group. The Group continues to monitor the situation and take appropriate action, as considered necessary in due compliance with the applicable regulations. The management has made an assessment of the Impact of COVID·19 on the Group's operations, financial performance and position as at and for the year ended March 31, 2021 and has concluded that there Is no impact which is required to be recognised in the financial results. Accordingly, no adjustments have been made to the financial results.
9 The Code on Social Security 2020 ('the Code') relating to employee benefits, during the employment and post-employment, has received Presidential assent on September 28, 2020. The Code has been published in the Gazette of India. Further, the Ministry of Labour and Employment has released draft rules for the Code on November 13, 2020. However, the effective date from which the changes are applicable is yet to be notified and rules for quantifying the financial impact are also not yet issued.

The Group will assess the impact of the Code and will give appropriate impact in the financial statements in the period in which, the Code becomes effective and the related rules to determine the financial impact are published.

NOTES TO THE CONSOLIDATED AUDITED FINANCIAL RESULTS FOR THE QUARTERAND YEAR ENDED MARCH 31, 2021

10 Segment-wise Revenue, Results and Capital Employed for Consolidated ffnancfal results as required under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

The group has two business segments

(i) Investment : Investment in various securities.

(ii) Networking products : Developing, manufacturing, marketing, distributing and servicing of various IT products.

		Quarterended			Year ended
	Particulars	March31,2021	December31,2020	March31,2020	March31,2021	March31,2020
		(Audited)	(Unaudited)	(Audited)	(Audited)	(Audited)
	(net):SegmentRevenue
	(a) Investment	119.57	435.87	113.13	1,493.41	1,512.14
	(b) Networking Products	1,186.58	1,745.49	1,336.39	5,623.64	6,140.16
	Total	1,306.15	2,181.36	1,449.52	7,117.05	7,652.30
	Inter-segmentLess:Revenue	(15.08)	(18.96)	(35.02)	(90.14)	(140.10)
	(net)TotalIncomefromOperations	1,291.07	2,162.40	1,414.50	7,026.91	7,512.20
2	SegmentResults:Profit/(Loss) beforetax and financefrom eachcostssegment
	(a) Investment	(87.11)	228.11	(138.45)	658.24	(113.04)
	(b) Networking Products	111.99	91.74	(184.96)	220.52	(1,045.30)
	Total	24.88	319.85	(323.41)	878.76	(1,158.34)
	Less:
	(i) FinanceCosts(net)	14.80	25.64	68.52	122.70	244.41
	(ii) Otherun-allocableexpenditurenet-offun-allocableincome	(112.17)	(17.99)	26.56	(153.27)	74.11
	TotalProfitI (Loss) beforetax	122.25	312.20	(418.49)	909,33	(1,476.86)
3	Segment Assets
	(a) Investment	19,707.36	19,750.06	19,052.61	19,707.36	19,052.61
	(b) Networking Products	2,631.84	2,729.27	3,101.70	2,631.84	3,101.70
	(c) Un-allocated	638.57	590.32	735.36	638.57	735.36
	TotalAssets	22,977.77	23,069.65	22,889.67	22,977.77	22,889.67
	Less:SegmentLiabilities
	(a) Investment	360.47	304.59	416.76	360.47	416.76
	(b) Networking Products	3,163.85	3,506.37	3,842.00	3,163.85	3,842.00
	(c) Un-allocated	112.80	276.81	331.34	112.80	331.34
	TotalLiabilities	3,637.12	4,087.77	4,590.10	3,637.12	4,590.10
	Capital employedTotal	19,340.65	18,981.88	18,299.57	19,340.65	18,299.57

11 Figures of the last quarter of the year are the balancing figures between audited figures in respect of the financial years and unaudited published year to date figures upto third quarter of the respective financial year.

12 The figures for the previous year/ periods have been reclassified/ regrouped wherever necessary to conform to current year I periods presentation.

It R. Naik Executive Chairman DIN: 00002013

Place : Verna-Goa

701, Kamat Towers 9, EDC Complex, Patto Plaza Panaji, Goa 403001, INDIA Tel: ·+·91 832 674 1600

Independent Auditor's Report on Quarterly Consolidated Financial Results and Year to Date Consolidated Financial Results pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015

To the Board of Directors of Smartlink Holdings Limited

Report on the Audit of Consolidated Financial Results

Opinion

We have audited the accompanying consolidated financial results of Smartlink Holdings Limited (hereinafter referred to as the 'Holding Company') and its subsidiaries (Holding Company and its subsidiaries together referred to as "the Group"), for the quarter and year ended March 31, 2021, ('the Statement') attached herewith, being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('Listing Regulations').

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

(i) include the annual financial results of the following entities

Sr.No	Nameof theEntity	RelationshipwiththeHoldingCompany
1	Digisol SystemsLimited	Wholly OwnedSubsidiary
2	SynegraEMS Limited	Wholly OwnedSubsidiary
3	TelesmartSCS Limited	Subsidiary

(ii) is presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and

(iii) give a true and fair view in conformity with the applicable accounting standards prescribed under Section 133 of the Companies Act, 2013 ("the Act") read with Companies (Indian Accounting Standards) Rules, 2015, as amended and other accounting principles generally accepted in India, of the net profit and other comprehensive income and other financial information of the Group for the year ended March 31, 2021.