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

1. The above results were reviewed and recommended by the Audit Committee and approved by the Board of Directors at the meeting held on 29th June 2021.

2. The Statement of standalone financial results has been prepared in accordance with the Companies (Indian Accounting Standards) Rules,2015 (Ind AS) prescribed under Section 133 of the Companies Act,2013 and other recognised accounting practices and policies to the extent applicable.

3. The format for unaudited quarterly results as prescribed in SEBI's Circular CIR/CFD/CMD/15 dated 30th November, 2015 has been modified to comply with the requirements of SEBI's circular dated 5th July , 2016 , Ind AS and Schedule III ( Division II ) to the Companies Act, 2013, which are applicable to Companies that are required to comply with Ind AS.

4. The company is operating in one segment only i.e. Manufacturing and Marketing professional electronic equipments.

5. There were no complaints from investors that were unresolved as on 31st March 2021. During the Quarter under review the Company received no complaints from investors.

6. The Auditors have expressed concern in their report for non payment of various liabilities on time. Attempts are being made by management to rectify situation at the earliest by monetizing the properties at various locations to repay the liabilities along with reduction in operating costs.

7. As per the directives of both the Central and State Government in the wake of COVID-19 Pandemic, the company had suspended operations across various locations with effect from 21st March, 2020, adversely impacting the business during the year ended on 31st March 2021. The company has been taking various precautionary measures to protect employees from COVID-19. The Company expects to recover the carrying amount of all its assets including inventories, receivables and loan in the ordinary course of business based on information available on current economic conditions. The company is continuously monitoring any material changes in future economic conditions. Operations are being resumed in a phased manner at various locations taking cognizance of the Governments views around resuming manufacturing activities with controlled entry and exit facilities along with necessary permission in this behalf.

8. The manufacturing facility was operated at sub-optimal capacity for almost three quarters because of various logistic issues. As such performance of the quarter is not comparable QoQ and also YoY.