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

Notes:

1.The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 30 June 2021.

2.These financial results have been prepared in accordance with the Companies (Indian Accounting Standards) Rule, 2015 prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable.

3.Due to the nature of business and common manufacturing facilities for various segments, a reasonable allocation of Capital Employed to various segments is currently not practicable.

4.Previous year's figures have been rearranged and regrouped, wherever necessary.

5.The above financial results have been audited by the statutory auditors.

6.The figures for the quarter ended March 31, 2021 are the balancing figures between the audited figures in respect of full financial year and unaudited year to date figures upto the previous quarter.

7.The outbreak of Coronavirus (COVID-19) pandemic globally and in India is causing significant disturbance and slowdown of economic activity. The Company’s operations and revenue during the period were impacted due to COVID-19. The Company has taken into account the possible impact of COVID-19 in preparation of the audited financial results, including its assessment of recoverable value of its assets based on internal and external information upto the date of approval of these audited financial results and current indicators of future economic conditions.