Artificial Electronics Intelligent Material Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2021

1. The above results have been prepared in accordance with Indian Accounting Standards ('Ind AS ) notified under Section 133 of the Companies Act, 2013, read together with the Companies (Indian Accounting Standards) Rules, 2015 (as amended) The above audited financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 03/06/2021.

2. The Company operates in a single segment.

3. The Company has considered the possible effects that may result from the pandemic relating to Covid-19 on the carrying amounts of Financial Assets, Trade receivables and other current assets. In developing the assumptions relating to the possible future uncertainties in the global economic conditions because of this pandemic, the Company, as at the date of approval of these financial results has used internal and external sources of information and economic forecasts on the future expected performance of the company. The Company has performed necessary analysis on the assumptions used and based on current estimates, it expects the carrying amount of these assets will be recovered. Given the uncertainty on account of Covid-19, the impact on the Company's assets may differ from that estimated as at the date of approval of these financial results, if any.

4. Figures in the last quarter are the balancing figures between the audited figures in respect of full financial year and published year to date figures upto the third quarter of current financial year.