9th February, 2022

To, Listing Compliances BSE Ltd,. P. J. Towers, Fort, Mumbai - 400001.

Scrip Code : 512149 Scrip Id : AVANCE

Subject: Un-audited Financial Results for the Quarter and nine months period ended on 31 st December. 2021.

Dear Sir/Madam,

The Board of Directors in their meeting held today i.e. on 9th February, 2022 has approved the un-audited financial results for the quarter and nine months period ended on 31't December, 2021.

Pursuant to regulation 33 of SEBI (Listing Obligations and Disclosure Requ irements) Regulations, 2015, we enclose herewith the followings:

• 1. Copy ofthe Un-audited Financial Results.
• 1. Limited Review Report as issued by the Statutory Auditor of the Company.

The meeting of the Board of Directors commenced at 5.00 p.m. and concluded at 6.00 p.m.

We request you to kindly take the above mentioned information on your record.

Thanking You,

Managing Director DIN: 02083384

AVANCE TECHNOLOGIES UMITED CIN: L519OOMH1985PLC035210

Regd. Off.: Unit No.7, Aidun Building. Sth Floor, Near Metro, New Marine tines, Mumbai - 400C(}2

Phone: +9195949 88351 Website: www.avance.in Email: [email protected] avancetechnologiesltd@,---mall.com

STATEMENT OF UN·AUOITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED ON 31.12.2021

Amount in lakhs exceot EPS

~~ Avance Technologies Umited <0 lI""b. - · Reg. Off: Office No.7, SthFloor, Block·A, Aidun Building, 1 st Dhobi Talao lane, Mumbai - 400002. Phone No.: +919594988351 ~ <11 : Email: [email protected]/[email protected] ,.. ./{J CIN: LS1900MH1985PlC035210 Website: www.avance.in

Notes:

• 1. The Un-audited financial statement for the quarter and nine months period ended on 31" December, 2021 have been reviewed by the Audit Committee and approved by the Board-of Directors at its meeting held on 9th February, 2022.
• 1. The Statutory Auditor of the Company has conducted a "Limited Review" of the aforesaid results.
• 1. The statement has been prepared in accordance with the Companies (Indian Accounting Standard) Rules, 2015 (Ind AS) prescribed under section 133 of the Act, 2013 and other recogn ised accounting practices and policies to the extent applicable.
• 1. Exceptional items represent provision made for long overdue balances.
• 1. As the Company's business activity falls within a single primary business segment, the disclosure requirements as per Ind-AS 108 "operating segments" are not applicable.
• 1. Provision for taxes, if any, shall be made at the end of the year.

. ,,'m~

1. Previous period figures have been re-grouped and re-classified wherever necessary.

For Avance Technologies-timi d 'Ir

0(- Jr." Srikrishna Bhami iPati0)f Managing Director DIN: 02083384

Date: 9th February, 2022 Place: Mumbai

Avance Technologies Umited

Reg. Off: Office No.7, SthFfoor, Block-A, Aidun Building, l SI Dhabi Talao lane, Mumbai - 400002. Phone No.: +919594988351 Email: [email protected]/[email protected] CIN: L51900MH1985PlC035210 Website: www.avance.in

CELL: 9892697299

MOHANDAS & CO.

B.M.SHETIV B.Com, F.C.A Chartered accountants

lO,Krishna Cottage, Dattapada Road No.2, Dattapada Subway, Borivali (East), Mumbai - 400066

LIMITED REVIEW REPORT

(As per Regulation 33 ofthe SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015)

To, The Board of Directors, Avance Technologies limited Office No.7, 51h Floor, Block-A, Aidun Building, 1'1 Dhobi Talao Lane, Mumbai - 400002.

We have reviewed the accompanying statement of Un-audited Financial results of Avance Technologies limited for the quarter and nine months period ended on 3rt December, 2021. This statement is the responsibility of the Company's Management and has been approved by the Board of Directors. Our responsibility is to issue a report on these financial statements based on our review.

We conducted our review in accordance with the Standard on Review Engagement (SRE) 2400, Engagements to Review Financial Statements issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results prepared in accordance with applicable accounting standards and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement.

For MOHANDAS & CO. Chartered Accountants Firm Reg. No. 106529W

CA. Belle (Proprietor) M. NO.: 031256 UDIN: 22031256AAZIIX3965

Place: Mumbai Date: 9th February, 2022