ELANGO INDUSTRIES LIMITED (CIN: L27104TN1989PLC017042) Regd.Office: No. 5, Ranganathan Garden, 15th Main Road Extension, Anna Nagar, Chennai-600040 Tel: +91 44-42172116 Email:[email protected] 'Web: www.elangoindustries.com

The Manager-Listing Compliance 14 February, 2024 Department of Corporate Services, The BSE Limited, Floor 25, P. J Towers, Dalal Street, Mumbai-400001

Ref: ISIN: INE594D01018 Scrip Code: 513452

Sub: Outcome of Board Meeting held on 14t: February, 2024

Dear Sir/Madam,

This is to intimate that the Board of Directors of the Company at its Meeting held on 14t February,

2024 at the registered office of the Company have inter alia:

• 1. Considered and approved the unaudited Financial results of the Company for the quarter and Nine months ended 31t December, 2023 (copy enclosed)
• 1. Independent Auditor's review report for the quarter ended 31:t December, 2023 (copy enclosed)
• 1. Clarification letter on impact of Audit qualification pursuant to Regulation 33(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• 1. Enclosed a statement of non-applicability of deviation (s)or variations under Regulation 32 of SEBI (LODR) Regulations, 2015 for the quarter ended 31¢ December, 2023

Further, we would like to inform that the financial results will be published in the newspapers pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The financial results are also available on the Company's website— www.elangoindustries.com

The meeting commenced at 3.30 p.m. and concluded at 4.30 p.m

This intimation is under regulation 30, 33 and other applicable regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

We request you to kindly take the same on record.

Thanking you, Yours faithfully, For Elango Industries Limited

Manali Miteshbhai Doshi Company Secretary

Chennai | Puducherry | Hyderabad | Bengaluru | Coimbatore | Penukonda

Independent Auditors' Review Report on Standalone Unaudited Quarterly financial results of ELANGO INDUSTRIES LIMITED pursuant to the Regulation 33 of the SEBI (Listing Obligation and Disclosure requirements) Regulations 2015 as amended.

To

The Board of Directors of ELANGO INDUSTRIES LIMITED

Opinion

Wl; have reviewed the accompanying standalone Unaudited quarterly financial results of ELANGO INDUSTRIES LIMITED ("the Company"), for the quarter ended 31% December, 2023, attached herewith being submitted by the Company pursuant to the requirement of Regulation 33 of SEBI (LODR) Regulations, 2015 as amended (Listing Regulations).

Company's Management is responsible for the preparation and presentation of this statement. It has been approved by the Board of Directors, and has been prepared in accordance with recognition and measurement principles laid down in Indian Accounting Standard 34 Interim Financial Reporting as prescribed under section 133 of the Companies Act, 2013 read with relevant rules issued there under and other accounting principles generally accepted in India. Our responsibility is to issue a report on the statement based on our review.

Scope of Review

We conducted our review in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", 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 responsible for financial and accounting matters and an analytical procedure applied to financial data. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

Basis for Qualified Conclusion

Based on information provided to us by management, the Standalone Unaudited Quarterly Financial Statements consists of a balance under Loans & advances Rs.1,09,96,636/-. As per explanations received; this is Electricity Subsidy receivable pending for a long period. In the absence of adequate information with regard to their present status, we are unable to ascertain the recoverability of this balance. Balance confirmations for transactions with some of the Companies who are related parties are to be obtained and reconciled.

Qualified Conclusion

Based on our review conducted and procedure performed as above, with the exception of the matter described in the preceding paragraph, nothing has come to our attention that causes us to believe that the accompanying standalone 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.

Place: Chennai Date: 14" February 2024

For P PATTABIRAMEN & CO Chartered Accountants Firm Registration No. 0026098

y/ VIJAY ANAND P Partner Membership No. 211954 UDIN: 24211954BKASBJ5661

Linbuz Business Centre, 2910B, 14th Main Road, Anna Nagar West, Chennai - 600 040. Ph : +91-44-79687520, E-mail: [email protected], web : www.paracatant.com

Notes:

1)The above inancial results have been reviewed by the Audit Committes and approved by the Board of Directors at the meeting held on 14th February 2024,

2)The figures for the quarter ended 31 December 2023 are the balancing figures between unaudited figures in respect of nine month ended 315t December 2023 and the unaudited published year to date figures upto the second quarter.

3) This Statement has been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules issued there under and other accounting principles, practices and policies generally accepted in India. The financial results have been prepared in accordance with the recognition and measurement principles laid down in the "Ind AS 34 -Interim Financial Reporting

4) The figures for the previous periods have been regourped/rearranged, whereever necessary.

5) The Company has only one segment and hence segment wise reporting is not applicable to the company

6) Revenue from services is recognized in the financial statement based on the full performance and completion of services rendered relating to the Operation & maintenance services, Marketing services and Trading activities and when it is probable that economic benefits assoclated with the transaction will flow to the entity.

7) The Financial Statements of the company have been prepared on a going concern basts, which contemplates the realization of assets and discharge of liabilities In the normal course of business for the foreseeable future,

8) Effertive L April 2018, the Company has adopted Ind AS 115 revenue from contracts with customers". Based on the assessment donel bythe management, there is no material impact on the revenue recognised during the period.

5) The Company could not obtain confirmation from Its two related companies since the same is under Corporate Insolvencyl Resolution Process (CIRP). The balance for one of the related company is Nil and the balance for M/s. Kaveri Gas Power Private Limited| s Rs.3,11,729/- liability and Rs.3,20,00,000/- under Loans & Advances. Apart from this, provision has been made for M/s. Kaveri Gas| Power Private Limited for the amount recoverable Rs, 38,53,590/- and provision is made for the investment made in M/s. Kaveri Gas| Power Private Limited amounting to Rs. 2,50,000/-in financials for the year ended 31st March 2022,

10) As per the SEBI regalations on the listing obligations, the company shal ensure 100% of share holdings of pramoters and promoter} groups is in dematerialized form. All the promoters shareholdings has been held in dematerialized form. The campany has held

16,74,150/- shares of public in the form of physical mode as on 31.12.2023 11) The company has installed a SKW rooftop solar panel in the office premises of the company to test the efficiency of power] | eneration of the solar panel and feasibility of raoftop solar installation, The results have been analysed and it was found satisfactory, The company has started marleting rooftop solar installation for domestic and commercial customers.

T2)The fall Impact of COVID 19 stll remains uncertain and could be different from our estimates when we prepared these financial esults. The company has made a detailed assessment of the recaverability and carrying value of its assets comprising recelvables) ther current assets and other assets as at the Balance Sheet date and on the basis of evaluation concluded that no material adjustments are required in the Ainancial statements. The Company will continue to closely monitor any material changes to the future| economic conditions.

for and on behalf of the Board of Directors of ELANGO INDUSTRIES LIMITED

Place : Chennai . S.Elangévan Chairiman & Managing Director DIN:01725838

Elango Industries Limited

CIN No.L27104TN1989PLC017042 5, Ranganathan Garden, 15th Main Road Extension Anna Nagar, Chennai-600 040. Tel : +91 44 4217 2116 www.elangoindusties.com

14" February, 2024

The Manager-Listing Compliance Department of Corporate Services, The BSE Limited, Floor 25, P. J Towers, .Dalal Street, Mumbai-400001

Sub: Clarification pursuant to Re Disclosure Requirements) Regul. gulation 33(3) of SEBI (Listing Obligations and ations, 2015 for the qualification /observation mentioned in the Limited Review dated 14" February, ²⁰²⁴

ISIN: INE594D01018 Scrip Code: 513452

Dear Sir/Madam,

We enclose a clarification letter for the qualified opinion/observation mentioned in the Limited Review report for the Quarter ended 315 December, ²⁰²³

Elango Industries Limited CIN No.L27104TN1989PLC017042 5, Ranganathan Garden, 15th Main Road Extension Anna Nagar, Chennai-600 040. Tel: +91 44 4217 2116 www.elangoindusties.com

We request you to kindly take the same on record

Thanking You,

Yours Faithfully For Elango Industries Limited

0

S. Elangovan Managing Director [DIN: 01725838]

ELANGO INDUSTRIES LIMITED (CIN: L27104TN1989PLC017042) Regd.Office: No. 5, Ranganathan Garden, 15th Main Road Extension, Anna Nagar, Chennai-600040 Tel: +91 44-42172116 Email:[email protected] 'Web: www.elangoindustries.com

The Secretary, 14t February, 2024 BSE Limited, Floor 25, P. J Towers, Dalal Street, Mumbai-400001

Dear Sir,

Ref: Scrip Code: 526468/ ISIN: NE940E01011

Sub: Non-applicability of statement of deviation(s) or variation(s) under Regulation 32 SEBI (LODR) Regulations, 2015 for the quarter ended 315t December, 2023.

Pursuant to the Regulation 32 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company hereby confirms that there has been no deviation(s) or variation(s) in the use of the public issue proceeds raised from the Initial Public Offer (IPO).

We further submit and state that the IPO proceeds has been utilized for the purpose (s) as stated in the prospectus. Hence, the Statement of deviation(s) or variation(s) is not applicable to the Company.

We request you to kindly take note of this information on your record.

Thanking you,

Yours faithfully, For Elango Industries Limited

M L teadTT e

Manali Miteshbhai Doshi Company Secretary