Scan Projects Ltd. - Quarterly/Annual Result Disclosures and Notes dated 30 Sep 2023

Note:

1. The above mentioned un-audited results were reviewed by the Audit Committee and approved by the Board of Directors of the Company at its meeting held on 10th November 2023.

2. Previous period/year figures have been regrouped / rearranged, wherever necessary, to confirm with the current period classification.

3. Under Ind AS the management has identified two operating segments (i.e. Erection, Commissioning, Supervision & Annual Maintenance Contract and Trading Activities). Accordingly necessary information on reportable segments is given as per Annexure “I” attached.

4. During the quarter the Company has discontinued its business activities/operation at Nepal Branch on dated 12th September 2022 and written of unrecoverable balances amounting to Rs.87.14 Lacs through profit and loss account as exceptional items. Owing to that the company has shown overall losses amounting to Rs.78.10 Lacs while the company is in profit from domestic activities during the quarter.

5. Information in Investor complaints in pursuant to clause 41 of the Listing Agreement for the quarter ended 30th September 2021: beginning 00; received 00; disposed off 00; and pending 00.

6. Disclosure of assets and liabilities as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the half year ended 30th September, 2023 is given as per Annexure “II” attached.