MosChip Technologies Ltd. - Quarterly/Annual Result Disclosures and Notes dated 30 Jun 2023

1.The Group has opted to publish the Unaudited Consolidated Financial Results for the Quarter ended 30 June 2023, Investor can view the Unaudited Standalone Financial Results on the Company's website "www.moschip.com" as well as the website of BSE (www.bseindia.com) - (Scrip code 532407).

2. The Unaudited Consolidated Financial Results are prepared in accordance with the Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013 ('the Act') read with relevant rules thereunder, other accounting principles generally accepted in India and regulations issued by the Securities and Exchange Board of India ('SEBI').

3.The Unaudited Consolidated Financial Results for the Quarter ended 30 June 2023 have been reviewed and recommended by the Audit Committee and approved by the Board of Directors at their meetings held on 17 July 2023. The statutory auditors have carried out review of these Consolidated Financial Results and have issued an unmodified report on these results.

4.Pursuant to Share Purchase Agreement (‘SPA’) dated 28 March 2023, the Company has completed the acquisition process of Softnautics on 7 June 2023 and consolidated the same from the respective date.

5.Previous quarter / year ended figures have been regrouped wherever necessary and there is no impact on total income and net profit / loss.