Alldigi Tech Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2021

1. The above consolidated and standalone financial results of Allsec Technologies Limited ("the Company") for the quarter and year ended 31 March 2021 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 issued thereunder and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

2. The above results have been reviewed and recommended by the Audit Committee and approved by the Board of Directors in their meeting held on 26 May 2021. The results for the year ended 31 March 2021 has been audited and for the quarter ended 31 March 2021 has been reviewed by our statutory auditors. The statutory auditors have issued an unmodified opinion on the financial results for the year ended 31 March 31 2021 and have issued an unmodified review report for the quarter ended 31 March 2021.

3. The figures for the current quarter and for the quarter ended 31 March 2020 are the balancing figures between the annual audited figures for the year ended 31 March 2021 and 31 March 2020, respectively and the published year to date figures upto the 9 months period ended 31 December 2020 and 31 December 2019, respectively

4. The consolidated results for the quarter and year ended 31 March 2021 include the results of the Company's wholly owned subsidiaries Allsectech Inc., USA, Allsectech Manila Inc. Philippines and Retreat Capital Management Inc., USA.

5. Exceptional item for the previous year ended 31 March 2020 represents impairment loss charged to the statement of profit and loss. The Company had carried out an impairment assessment as at 31 March 2020, based on procedures consistent with Ind AS 36 and recognised an impairment loss to the extent of Rs 1,214 Lakhs for investment made in its subsidiary, Allsectech Inc., USA.

6. Retreat Capital Management Inc., the wholly owned subsidiary in the US, was wound up during the current year. The Secretary of State (California) has issued the certificate of dissolution dated February 19,2021.

7. In assessing the recoverability of receivables including unbilled receivables, intangible assets, and certain investments in the context of prevailing economic conditions on account of COVID-19, the Company has considered internal and external information up to the date of approval of these audited financial results including credit reports and economic forecasts. Based on this analysis, the Company expects to recover the carrying amount of these assets. The impact of the global health pandemic may be different from that estimated as at the date of approval of these audited financial results and the Company will continue to closely monitor any material changes to future economic conditions.

8. The Code on Social Security, 2020 (‘Code’) relating to employee benefits during employment and post-employment benefits received Presidential assent in September 2020.The Code has been published in the Gazette of India. However, the date on which the Code will come into effect has not been notified. The Company will assess the impact of theCode when it comes into effect and will record any related impact in the period when the Code becomes effective.

9. The Board of Directors, at their meeting held on 29 April 2021, approved for the payment of interim dividend of Rs. 15/- per equity share of Rs.10/-each

10. Previous period's figures have been regrouped / reclassified wherever necessary to correspond with the current period's classification / disclosure.