Take Solutions Ltd — Interim / Quarterly Report 2022

Aug 11, 2021

TECHNOLOGY ANALYTICS KNOWLEDGE ENTERPRIS

August 11, 2021

TAKE/BSE/2021-22 The Manager Dept. of Corporate Services-Listing Bombay Stock Exchange Limited, P. J. Towers, Dalal Street, Mumbai - 400001 Scrip Code: 532890

TAKE/NSE/2021-22 The Manager-Listing Department National Stock Exchange of India Limited Exchange Plaza, Bandra - Kurla Complex, Bandra (East), Mumbai - 400051 Symbol: TAKE

Dear Sir/Madam,

Sub: Outcome of the Board Meeting held on Wednesday, August 11, 2021

We wish to inform you that the Board of Directors of the Company in its meeting held on Wednesday, August 11, 2021, approved the:

1. Unaudited financial results of the Company (Standalone) and together with its subsidiaries (Consolidated) for the quarter ended June 30, 2021, as recommended by the Audit Committee.

Copy of the same in the prescribed format in terms of Regulation 33 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, along with the Limited Review Report by the Statutory Auditors is enclosed herewith.

The meeting of Board of Directors of the Company commenced at 7:00 PM and concluded at 1- -' 55 pM

Please take note of the same.

Thanking you, Yours sincerely, For TAKE Solutions limited

r),yvVW/ff~

Srinivasan. P Company Secretary Encl : A/a:

www.takesolutions.com

Limited Review Report

The Board of Directors TAKE Solutions Limited

• 1. We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of TAKE Solutions Limited ( 11the Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as 11the Group"), for the quarter ended June 30, 2021 ( 11the 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 11 lnterim Financial Reporting" ( 11 lnd AS 34"), prescribed under Section 133 of the Companies Act, 2013, read with relevant rules issued there under 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 11Review 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.
• 1. The Statement includes the consolidation of results pertaining to the entities listed in Annexure.
• 1. Based on our review conducted 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.
• 1. We draw attention to the following matter in the Notes to the consolidated financial results:
  • a. The management has taken into consideration the impact of the known internal and external events arising from COVID-19 pandemic in the assessment of recoverability of trade receivables, goodwill on acquisition, intangible assets and contract assets up to the date of approval of these financial results. In this assessment, the group has performed sensitivity analysis on the key assumptions used. Such review and analysis performed by the group did not reveal any impairment losses.

Pune Office: GDA House, Plot No.85, Right Bhusari Colony, Paud Road, Kothrud, Pune - 411 038, Phone - 020 - 6680 7200, Email - aqdit@gdaCo.com Mumbai Office: Windsor, 6th Floor, OfficeNo-604, C.S.T. Road, Kalina, Santacruz (East), Mumbai-400 098

Since the impact assessment of COVID-19 is an ongoing process, given the uncertainties associated with its nature and duration, the group will continue to closely monitor any significant impact on the group's financial position. The impact of global health pandemic might be different from that estimated as at the date of approval of these financial results.

b. As at March 31, 2021, the income on financial assets and financial assets exceeded 50% of gross income and total assets respectively due to which the parent satisfied the "principal business criteria" for Non-Banking Financial Company (NBFC) as per RBI directives. The parent, on the basis of its operational plans believes that this scenario would be temporary and the quarterly financial results for the quarter ended June 30, 2021 have been prepared in the formats applicable to the companies other than NBFCs.

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

For G. D. Apte & Co. Chartered Accountants Firm Registration Number: 100515W UDIN: 21113053AAAACS1576

~~ Umesh S. Abhyankar

Partner Membership Number: 113 053 Pune, August 11, 2021

Pune Office: GDA House, Plot No.85, Right Bhusari Colony, Paud Road, Kothrud, Pune - 411 038, Phone - 020- 6680 7200, Email - audit@gdaca.com Mumbai Office: Windsor, 6th Floor, OfficeNo-604, C.S.T. Road, Kalina, Santacruz (East), Mumbai-400 098

Annexure

Annexure referred to in Paragraph 4 of our Limited Review Report on the Consolidated Financial Results of TAKE Solutions Limited for the Quarter ended June 30, 2021

Sr. No.	Particulars
A	Subsidiaries
1	Ecron Acunova Limited
2	TAKE Solutions Global Holding Pte Ltd
3	TAKE Solutions Limited ESOP Trust
4	Navitas LLP
B	Step Down Subsidiaries
1	TAKE Solutions Information Systems Pte Ltd, Singapore
2	TAKE Enterprise Services Inc., USA
3	TAKE Innovations Inc, USA
4	Navitas Life Sciences Holdings Limited, UK
5	Million Star Technologies Limited, Mauritius (merged with TAKE
	Innovations Inc, USA w.e.f. May 24, 2021)
6	lntelent Inc, USA
7	Navitas Life Sciences Limited, UK
8	Navitas Inc., USA
9	Navitas Life Sciences S. A. S. Colombia
10	Navitas Life Sciences SG Pte. Limited
11	Acunova Life Science Inc., USA
12	Navitas Life sciences Company Limited, Thailand
13	Acunova Life Sciences Limited, UK

Pune Office: GDA House, Plot No.BS, Right Bhusari Colony, Paud Road, Kothrud, Pune - 411 038, Phone - 020- 6680 7200, Email - audit@gdaca.com

Mumbai Office: Windsor, 6th Floor, OfficeNo-604, C.S.T. Road, Kalina, Santacruz (East), Mumbai-400 098

	ATAKE
	TAKE SOLUTIONS LTD
	CIN: L63090TN2000PLC046338Regd. Office: 27, Tank Bund Road, Nungambakkam, Chennai 600 034www.takesolutions.com
	Statement of Unaudited Consolidated Financial Results for the quarter ended June 30, 2021
				(₹ In Lakhs except per share data)
		Jun 30.	Quarter EndedMar 31,	Jun 30,
S1.	Particulars	2021	2021	2020	Mar 31,2021
No.		(Unnudited)	(Audited)	(Unaudited)	(Audited)
٨	CONTINUING OPERATIONS
1$\overline{2}$Other Income	Revenue from operations	20,915.38251,32	22,099.4888.36	16,589.16334.28	77,401.451,199.66
3Total Revenue		21,166.70	22,187.84	16,923.44	78,601.11
4Expenses
	Cost of revenue	6,061.11	4,894.94	5,232 12	18,807.73
	Employee benefit expenses	9,340,23	8,994.01	12,871.48	47,375 35
	Finance cost	1,071.61	827.94	1,019.72	3,731.03
	Depreciation and amortisation	2,496.89	2,808.30	3,032.61	11,538.03
	Other expenses	2,448.06	3,983.77	3,081 21	18,521.78
	Total Expenses	21,417.90	21,508.96	25,237.14	99,973.92
56	Profit/(Loss) before exceptional items and tax (3-4)	(251.20)	678.88	(8,313,70)	(21,372.81)
$\overline{\mathcal{U}}$	Exceptional items		(6,844.45)	(15,662.33)	(22, 506, 78)
8Tax expense	Profit/(Loss) before tax (5+6)	(251.20)	(6,165,57)	(23,976.03)	(43, 879.59)
	Current lax	364.15	886.81	268.18	1,353.98
	Shortfall / (excess) provision of carlier years	(110.40)	(118.44)		(118.44)
	Deferred tax	(183.52)	(121.20)	(151.33)	119.50
9	Profit/(Loss) for the period from continuing operations (7-8)	(321.43)	(6,812.74)	(24,092.88)	(45, 234.63)
B	DISCONTINUED OPEARATIONS
	10 Profit/(Loss) from discontinued operations before tax	۰		٠	317.46
$\mathbf{11}$	Less: Tax expense on discontinued operations			$\overline{\phantom{a}}$	89.96
12 1	Profit/(Loss) for the period from discontinued operations (10-11)				227,50
	13 Total Profit/(Loss) for the period (9+12)	(321.43)	(6,812.74)	(24,092.88)	(45,007,13)
14 1	Profit/(Loss) for the period from continuing operations (9)Attributable to:
	Shareholders of the company	(319.44)	(6,808.89)	(24, 204, 93)	(45,342.56)
	Non-controlling interest	(1.99)	(3.85)(6, 812.74)	112.05(24,092.88)	107.93
		(321.43)			(45, 234, 63)
	15 Profit/(Loss) for the period from discontinued operations (12)
	Attributable to:				140.04
	Shareholders of the companyNon-controlling interest	٠			87.46
		٠	×	٠	227,50
	16 Other Comprehensive Income from continuing operations		63 41	(9.76)
	a) i) Items that will not be reclassified to profit or (loss)ii) Income tax provision / (reversal) relating to the items that will not be	(37.33)			125.27
	reclassified to profit or (loss)	(11.14)	18.27	(271)	38.45
	b) i) Items that will be reclassified to profit or (loss)	(1, 456.37)	413.08	93331	403.02
	ii) Income tax provision / (reversal) relating to the items that will be		11.63	(3.82)	(4.00)
	reclassified to profit or (loss)Total Other Comprehensive Income from continuing operations	(2.42)(1, 480.14)	446.59	930.08	493.84
17	Other Comprehensive Income from discontinued operations			¥
	Items that will not be reclassified to profit or (loss)	٠	۰		(5.97)
	Income tax provision / (reversal) relating to the items that will not bereclassified to profit or (loss)				(2.12)
	Total Other Comprehensive Income from discontinued operations			$\qquad \qquad \bullet$	(3.85)
18	Total Other Comprehensive Income	(1,480.14)	446.59	930.08	489.99
19	Other Comprehensive Income from continuing operations (16)
	Attributable to:Shareholders of the company	(1,481.09)	441.57	937.34	497.66
	Non-controlling interest	0.95	5,02	(7.26)	(3.82)
20	Total Other Comprehensive Income from discontinued operations (17)	(1,480.14)	446.59	930.08	493.84
	Attributable to:
	Shareholders of the company			÷	(2.23)
	Non-controlling interest	٠			(1.62)
					(3.85)
21	Total Comprehensive Income for the period (13+18)	(1,801.57)	(6,366.15)	(23, 162.80)	(44, 517, 14)
				TION

Continued

		Ouarter Ended
SI.No.	Particulars	Jun 30.2021	Mar 31.2021	Jun 30.2020	Mar 31,2021
		(Unaudited)	(Audited)	(Unaudited)	(Audited)
22	Total Comprehensive Income from Continuing operations (14+19)Attributable to:Shareholders of the company	(1,800.53)	(6,367.32)	(23, 267.59)	(44, 844, 90)
	Non-controlling interest	(1.04)(1, 801.57)	1.17(6,366.15)	104.79(23, 162.80)	104.11(44,740.79)
23	Total Comprehensive Income from Discontinued operations (15+20)Attributable to:
	Shareholders of the company	۰	÷	×	137.81
	Non-controlling interest	٠	۰		85.84
		ä.	٠	۰	223.65
2425	Paid-up equity share capital (Face value ₹ 1/- each)Earnings per share (of $\overline{\epsilon}$ 1/- each not annualised)(a) Basic	1,462.25	1,462.25	1,462.25	1,462.25
	(i) Continuing operations	(0.22)	(4.66)	(16.55)	(31.01)
	(ii) Discontinued operations				0.10
	Total Operations(b) Diluted	(0.22)	(4.66)	(16.55)	(30.91)
	(i) Continuing operations	(0.22)	(4.66)	(16.55)	(31.01)
	(ii) Discontinued operations				0.10
	Total Operations	(0.22)	(4.66)	(16.55)	(30.91)

Segment Wise Revenue and Results

Primary Segment Information

				(₹ In Lakhs)
	Quarter Ended
Particulars	Jun 30,2021	Mar 31,2021	Jun 30,2020	Mar 31,2021
	(Unaudited)	(Audited)	(Unaudited)	(Audited)
Ā.Continuing Operations
1. Segment Revenue
(i) Life Sciences	20,915.38	22,099.48	13,304.25	74,116.54
(ii) Supply Chain Management			3,284.91	3,284.91
Revenue from Operations	20,915.38	22,099.48	16,589.16	77,401.45
2. Segment Results
(i) Life Sciences	1,190.10	(20, 666.48)	(7,081,00)	(38, 233.83)
(ii) Supply Chain Mangement			381.57	381.57
Total	1,190.10	(20, 666, 48)	(6, 699.43)	(37, 852.26)
Less: (i) Finance cost	1,071.61	827.94	1,019.72	3,731.03
(ii) Other Un-allocable Expenditure net off Un-allocable Income	369.69	(15,328.85)	16,256.88	2,296.30
Profit Before Tax - Continuing Operations	(251.20)	(6,165.57)	(23,976.03)	(43, 879.59)
Discontinued Operations - Supply Chain ManagementB.
Segment Revenue	٠.		$\overline{\phantom{a}}$	4,757.62
Segment Results			۰	317.46
Less: (i) Finance cost	۰
(ii) Other Un-allocable Expenditure net off Un-allocable Income	¥		۰
Profit Before Tax - Discontinued Operations	$\omega$ .			317.46

Segregation of assets, liabilities, depreciation and other non-cash expenses into various primary segments has not been carried out as the assets are $\mathbf{I}$ used interchangeably between segments. Accordingly, no disclosure relating to segmental assets and liabilities has been made.

2 Consequent to disposal of a subsidiary viz. APA Engineering Pvt Ltd during the previous year, the company is operating in a single segment viz. Life Sciences. However, the group has continued to give the disclosures for Supply Chain Management segment for the previous quarters and year to the extent the same pertains to operations prior to the disposal of the subsidiary.

UTION CHENNAI

Note:

• I The Consolidated Financial Results for the quarter ended June 30, 202 I have been rovlewed and recommended by the Audit Committee and approved by the Board of Directors of the company in their respective meetings held on August 11. 2021 , The statutory auditors of the company have carried out Limited Review of the results for the quarter end year ended June 30, 2021 .
• 2 The management has taken into consideration the impact of the known Internal and external events arising from COVID-19 pandemic in the assessment of recoverability of trade receivables, goodwill on acquisition, intangible assets and contract assets up to the date of approval of I hc.~c consolidated financial results. In this assessment, the group has performed sensitivity analysis on the key assumptions used. Such review nml analysis performed by the group did not reveal any Impairment losses.

Since the impact assessment of COVID-19 is an ongoing process given the uncertainties associated with its nature and duration, the Group will continue to closely monitor any significant impact on the financial position. The impact of global health pandemic might be different from that estimated as at the date of appl'Oval of these financial results.

• 3 The Company on 06 August 202 I has entered into o definitive agreement for a strategic partnership with en affiliate of H.I.G. Capital to effect tho sale of 75% of equity interest in the company's clinical research organisation business conducted by the company's subsidiaries in India ·md overseas. The completion of the proposed transaction is subject to approval of the shareholders of the Company, receipt of lender, govommenlal and contractual consents.
• 4 As at March 31 , 202 I. the income from financial assets end financial assets exceeded 50% of gross income and total assets respectively due It> which the holding company satisfied the 'principal business criteria' for Non-Banking Financial Company (NBFC) es per RBI directives. The holding company, on the basis of its operational plani; believes that this scenario would be temporary and the quarterly consolidated lirumcial results for the quarter ended June 2021 have been prepared in the formats applicable to the companies other then NBFCs.
• 5 The Code on Social Security, 2020 (the Code) has been enacted, which would Impact contribution by the Group Companies registered in Indio towards applicable social security schemes. The Ministry of Labour and Employment has also released draft rules thereunder cm November I 3. 2020 and has invited suggestions from stakeholders which are under active consideration by the Ministry. The actual impact on account of this change will be evaluated and accounted for when notification becomes effective.
• 6 The Consolidated and Standalone financial results for the quarter ended June 30, 2021 are available on the Company's Website (www.takesolutions.com) and the website ofBSE (www.bseindia.com) and NSE (www.nseindia.com)
• 7 The financial results of TAKE Solutions Limited (Standalone information)

(f In Lakhs)

	Quarter Ended
Particulars	Jun 30,2021lllnoudltcd)	Mer 31,2021(Audited)	Jun JO,2020fUnoudlled)	Mar 31,2021(Audlledl
Total incomc	692.41	69.25	435.26	1,221.72
Net profit/(loss) before tax	315.87	(223.26)	69.61	651.74
Net profit/(loss) for the period	340.79	(124.10)	99.23	779.26
Tollll comnri.lhensive income	341.93	( 129.55)	98.54	783.55

8 Previous period figures have been regrouped /reclassified, wherever necessary to conform to current period's classification.

Limited Review Report

The Board of Directors TAKE Solutions Limited

• 1. We have reviewed the accompanying statement of unaudited standalone financial results (the statement) of TAKE Solutions Limited for the quarter ended June 30, 2021. This statement which is the responsibility of the Company's Management has been approved by the Board of Directors. The statement has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 'Interim Financial Reporting' prescribed under Section 133 of the Companies Act, 2013 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 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. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the statement is free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides 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 that the accompanying statement of unaudited standalone financial results prepared in accordance with applicable accounting standards and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement.
• 1. We draw attention to the following matter in the Notes to the standalone financial results :
  • a. The management has taken into consideration the impact of the known internal and external events arising from COVID-19 pandemic in the assessment of recoverability of trade receivables, contract assets and certain investments in subsidiaries up to the date of approval of these financial results. In this assessment, the company has performed sensitivity analysis on the key assumptions used. Such review and analysis performed by the company did not reveal any impairment losses.

Since the impact assessment of COVID-19 is an ongoing process given the uncertainties associated with its nature and duration, the Company will continue to closely monitor any significant impact on the financial position. The impact of global health pandemic might be different from that estimated as at the date of approval of these financial results.

b. As at March 31, 2021, the income from financial assets and financial assets exceeded 50% of gross income and total assets respectively due to which the company satisfied the

Mumbai Office: Windsor, 6th Floor, OfficeNo-604, C.S.T. Road, Kalina, Santacruz (East), Mumbai-400 098

Pune Office: GOA House, Plot No.85, Right Bhusari Colony, Paud Road, Kothrud, Pune - 411 038, Phone - 020 - 6680 7200, Email - audit@gdaca.com

"principal business criteria" for Non-Banking Financial Company (NBFC) as per RBI directives. The company, on the basis of its operational plans believes that this scenario would be temporary and the quarterly financial results for the quarter ended June 30, 2021 have been prepared in the formats applicable to the companies other than NBFCs.

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

For G. D. Apte & Co. Chartered Accountants Firm Registration Number: 100515W UDIN: 21113053AAAACR8455

~~ Umesh S. Abhyankar

Partner Membership Number: 113 053 Pune, August 11, 2021

Pune Office: GDA House, Plot No.85, Right Bhusari Colony, Paud Road, Kothrud, Pune -411 038, Phone - 020- 6680 7200, Email - auc;li t@gdaca.com Mumbai Office: Windsor, 6th Floor, OfficeNo-604, C.S.T. Road, Kalina, Santacruz (East), Mumbai-400 098

	TAKE SOLUTIONS LTDCIN: L63090TN2000PLC046338Regd. Office: 27, Tank Bund Road, Nungambakkam, Chennai 600 034www.takesolutions.comStatement of Unaudited Standalone Financial Results for the quarter ended June 30, 2021
				(₹ In Lakhs except per share data)
SI.No.	Particulars	Jun 30,2021	Quarter EndedMar 31,Jun 30,20212020		Mar 31,2021
		(Unaudited)	(Audited)	(Unaudited)	(Audited)
A	CONTINUING OPERATIONS
т	Reversie from operations		ä	173	186.09
$\overline{2}$	Other Income	69241	69 25	433 53	1.035.63
$\overline{\mathbf{3}}$	Total Income	692.41	69.25	435,26	1,211.72
4	Expenses
	Cost of revenue			159	154 94
	Employee benefit expenses	98.63	10387	122 93	41235
	Finance cost	786	828	949	35 57
	Depreciation and amortisation	35.76	39.06	39 24	15678
	Other expenses	234 29	141 30	192 40	1,192 15
	Total Expenses	376.54	192.51	365.65	1,951.79
$	Profit/(Loss) before exceptional items and tax (3-4)	315.87	(223.26)	69,61	(730.07)
6	Exceptional items
	Profit on sale of subsidiary			$\alpha$	1.381.81
7	Profit/(Loss) before tax (5+6)	315.87	(223.26)	69.61	651.74
ß	Тах ехрепле
	Current tax	14.15		1234
	Shortfall / (excess) provision of earlier years		(99, 70)		(9970)
	Deforred lax	(39.07)	0 54	(4196)	(27B2)
$\boldsymbol{9}$	Profit/(Loss) for the period from continuing operations (7-8)	340,79	(124.10)	99.23	779.16
в	DISCONTINUED OPEARATIONS
10	Profit/(Loss) from discontinued operations before tax	×	×.	٠	×
н	Less: Tax expense on discontinued operations	٠	i.	٠
12	Profit/(Loss) for the period from discontinued operations (10-11) after tax	ä		ä
13	Profit/(Less) for the paried (9+12)	340.79	(124, 10)	99.23	779.26
14	Other Comprebensive Income
	a) i) Items that will not be reclassified to profit or (loss)	152	(729)	(092)	573
	ii) Income tax provision / (reversal) relating to the items that will not	0.38	(184)	(0.23)	1.44
	be reclassified to profit or (loss)b) i) floras that will be reclassified to profit or (loss)	ä	¥	¥	٠
	ii) income tax provision/(reversal) relating to the items that will be
	reclassified to profit or (loss)
	Total Other Comprehensive Income	1.14	(5.45)	(0.69)	4.29
15	Total Comprehensive Income	341.93	(129.55)	98.54	783.55
16	Paid-up equity share capital (Face value V I/- each)	1,479.34	1,479.34	1,479.34	1,479.34
17	Earnings per share (of $\overline{\mathfrak{k}}$ 1/- each) (not annualised)
	(a) Basic (in $\overline{\mathbf{C}}$ )	0.23	(008)	007	053
	(b) Diluted (in $\ell$ )	0.23	(0 0R)	007	053

The Standalone Financial Results for the quarter ended June 30, 2021 have been reviewed and recommended by the Audit Committee and approved by the Board of Directors of the company in their respective meetings held on Augu

The management has taken into consideration the impact of the known internal and external events arising from COVID-19 pardemic in the assessment ofrecoverability of trade receivables, contract aasets and certain investme $\overline{2}$ impairment losses

Shere the impact assessment of COVID-19 is an ongoing process given the uncertainties associated with its nature and duration, the Company will continue to Shere the impact on the flower in Shere the impact of problem clos

• The Company on 06 August 2021 has entered lato a definitive agreement for a strategic partnership with an affiliate of H | G. Capital to effect the sale of 75% of Ï equity interest in the company's clinical research organization business conducted by the company's subsidiaries in India and overseas. The completion of theproposed transaction is subject to approval of the shareholders
• As at March 31, 2021, the income from financial assets and financial assets exceeded 50% of gross income and total assets respectively due to which the company satisfied the 'principal business criteria' for Non-Banking Fi the companies other than NBFCs
• The Code on Social Security, 2020 (the Code) has been enacted, which would impact contribution by the Company towards applicable social security schemes.The Ministry of Labour and Employment has also released draft rules $\overline{\mathbf{5}}$
• 6

7 During the quarter ended June 30, 2021, employees have not exercised any equity share options under Employee Stock Option Scheme of the Company.

8 Previous period figures have been regrouped /reclassified, wherever necessary to conform to current period's classification SOLUTIONS For and on behalf of the Board of Directors C ELITE Arinivalar E CHENNAI Srinivasan H.R. Place : Chennal Date : August 11, 2021 Vice Chairman & Managing Director APTE. ¥.

٥ Ted Account