Dear Sir(s)/ Ma'am, 12

th November, 2020

Subject: Outcome of the meeting of the Board of Directors of Revathi Equipment Limited ("the Company") held on 12 th November, 2020

In terms of Regulation 30 & 33 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, the Board of Directors of the Company at its meeting held today i.e 12 th November, 2020 took the following decisions:

1. The Board has approved the Un-audited Financial Results (Standalone & Consolidated) along with Limited Review Report of Auditors on the Financial Results for the quarter ended 30 th September, 2020. (Attached as Annexure A).

The timing of the commencement of the Board Meeting was 15:45 PM and the timing of conclusion was 17:45 PM.

We request you to kindly take the same on record.

Yours faithfully, For Revathi Equipment Limited

________________________

K. Maheswaran Company Secretary & Compliance Officer

Revathi Equipment Limited

331, Pollachi Road, Coimbatore - 641 050. India. Phone : 0422 - 2610851, 0422 - 6655100, Fax : 0422 - 6655199 CIN No.: L29120TZ1977PLC000780 E-mail: [email protected] Website: www.revathi.com

S S KOTHARI MEHTA &COMPANY CHARTERED ACCOUNTANTS

ANNEXURE - A

Independent Auditor's Limited Review Report on Quarter and Half Year ended Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements} Regulations, 2015, as amended

Review Report to The Board of Directors Revathi Equipment Limited.

• 1. We have reviewed the accompanying statement of unaudited Standalone financial results of Revathi Equipment limited ("the company") for the quarter and half year ended on September 30, 2020, Standalone Balance Sheet as at September 30, 2020, and Standalone Statement of cash flows for the period ended September 30, 2020 ("the Statement"), prepared and submitted by the Company pursuant to the requirements of Regulation 33 of SEBI (listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("listing Regulations").
• 1. The preparation of the Statement in accordance with the recognition and measurement principles la id down in Indian Accounting Standard 34 "Interim Financial Reporting'' ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and rules thereunder, requirements of Regulation 33 of the SEB1 (Listing Obligations and Disclosure Requirements) Regulations, 2015, and other accounting principles generally accepted in India, is the responsibility of the Company's management and has been approved by the Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review.
• 1. We conducted our review of the Statement 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 Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily or persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently docs not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
• 1. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited Standalone financial results prepared in accordance with the recognitiori and measurement principles laid down in the aforesaid Indian Accounting Standard (Ind AS) prescribed under section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For S.S. Kothari Mehta & Company (Chartered Accountants) Firm Reg. No. 000756N

(Neeraj Bansal} {Partner) Membership No. 095960

Place: Delhi Date: 12.11.2020 UDIN: 2009S960MMPH9869

Registered Office: Pollachi Road, Malumachampatti Post,Coimbatore - 641 050

CIN:L29120TZ1977PLC000780 Phone: +91-4226655120

Note :-

1. The above results was approved in the meeting of the Board of Directors held on 12th November, 2020

2. The company operates in a single operating segment of manufacturing of equipments.The financial results for the half year ended September 30, 2020 are being published in the newspaper as per the format prescribed under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results of the Company are also available on Stock Exchange websites and on the Companies website www.revathi.in.

3. The company has further acquired 252526 shares of Semac Construction (P) Ltd for Rs.3.58 crores during the period ended 30th September, 2020.

4. Previous quarter figures have been regrouped wherever considered necessay

Date: 12th November 2020

Place: New Delhi

Abhishek Dalmia Executive Chairman DIN : 00011958

Regd Office: Pollachi Road, Malumachampatti Post,Coimbatore - 641 050 CIN:L29120TZ1977PLC000780

Phone: +91-4226655120

Regd Office: Pollachi Road, Malumachampatti Post,Coimbatore - 641 050

CIN:L29120TZ1977PLC000780

Phone: +91-4226655120

Statement of Cash flow for the half year ended September 30, 2020

~

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Independent Auditor' LI It d R I sm eev ew Report on auarter and Half Year ended unaudited Consolidated Flnancl•I Results of the Com p ¹ panyursuant to the Reautatton 33 of the SEBI (Ustln1 Obllutlons and Dlsd91ure Beau cements) Besulatlons, 201s, 15 amended

Review Report to The Board of Directors Revathi Equipment Limited

• l . We have reviewed the accompanying statement of unaudited Consolidated financial results of Revathl Equipment Limited ("the Holding Company'') and its subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group") and its share of net (loss)/profit of its associate, for the quarter and half year ended on September 30, 2020, consolidated Balance Sheet as at September 30, 2020, and Consolidated Statement of Cash Flows for the period ended September 30, 2020 ("the statement''), prepared and submitted by the Holding Company pursuant to the requirements of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("listing Regulations").
• 1. The preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting'' ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, as amended, and rules thereunder, requirements of Regulation 33 of the SEBI (listing Obligations and Disclosure Requirements) Regulations, 2015, and other accounting principles generally accepted in India, is the responsibility of the Holding Company's management and has been approved by the Board of Directors of Holding Company. Our responsibility is to express a conclusion on the Statement based on our review.
• 1. We conducted our review of the Statement 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 Statements is free of material misstatement. A review of interim financial information consists of making inquiries primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. 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. Accordingly, we do not express an audit opinion.

Plot No. 68, Okhla Industrial Area, Phase-II I, New Delhi• 110020 Tel: t91-ll-4670 8888 E-mail: [email protected] www.sskmin.com

S S KOTHARI Ml I I IA &COMPANY CHAlllr.r,er, Ar.C.OUnNlfll

We also performed procedures In accordance with the Circular No. CIR/CFD/CMD 1/4412019 dated March 29, 2019 Issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.

• 1. The Statement includes the results of following entities:
• I. SEMAC Consultants Private Limited Subsidiary, India
• ii. SEMAC and Partners LLC- Subsidiary, Muscat (Oman)
• Iii. SEMAC Construction Technologies India LLP -Associate, India
• 5- Based on our review conducted and procedures performed as stated in paragraph 3 as above and based on the consideration of financial results furnished to us by the management as referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the applicable Indian Accounting Standards ('IND AS') specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.
• 1. The Statement includes financial results of one foreign branch (Dubai) of the subsidiary company (as mentioned in paragraph 4(i) above) which have not been reviewed by their auditor and have been furnished to us by the management, whose financial results reflects total assets of Rs. 35.45 Lakhs as at September 30, 2020, total revenue of Rs. 9.96 Lakhs for the quarter and Rs. 95.30 Lakhs for the half year, total net loss of Rs. 18.92 Lakhs for the quarter and Rs. 9.38 for the half year, total comprehensive loss of Rs. 12.94 Lakhs for the quarter and Rs. 6.49 lakhs for the half year ended September 30, 2020, and net cash outflow of Rs. 2.90 Lakhs for the half year ended on September 30, 2020 as considered in the Statement. Our Conclusion on the Statement, and our report in terms of Regulation 33 of the regulation read with SEBI Circular, in so far as it relates to the aforesaid foreign branch (Dubai), is based solely on such un-reviewed financial information. In our conclusion and according to the information and explanations given to us by the management, this interim financial information Is not material to the Group. Our Conclusion on the statement is not modified in respect of this matter.

The Statement includes financial results of one subsidiary company (as mentioned in paragraph 4(ii) above) which have not been reviewed by their auditor and have been furnished to us by the management, whose financial results reflects total assets of Rs. 2703.43 Lakhs as at September 30, 2020, total revenue of Rs. 523.59 Lakhs for the quarter and Rs. 1080.26 lakhs for the half year, total net loss of Rs. 8. 72 Lakhs for the quarter and profit of

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Rs.59• 24 lakhs for the half year, total comprehensive income of Rs. 0.33 Lakhs for the quarter and total comprehensive loss of Rs. 6.55 lakhs for the~ half year ended September 30, 2020, and net cash inflow of Rs. 268.65 Lakhs for the half year ended on September 30, 2020 as considered in the Statement. Our Conclusion on the consolidated unaudited financial results, and our report in terms of Regulation 33 of the regulation read with SEBI Circular, in so far as it relates to the aforesaid subsidiary, are based solely on such un-reviewed financial information. In our conclusion and according to the Information and explanations given to us by the management, this interim financial information is not material to the Group. Our Conclusion on the statement is not modified in respect of this matter.

The statement also include the financial results of one joint operation of the subsidiary company (as mentioned in paragraph 4(1) above) in which operations have not yet been started. In our conclusion and according to the information and explanations given to us by the management, this interim financial information is not material to the subsidiary company and Group. Our Conclusion on the statement is not modified in respect of this matter.

For S.S. Kothari Mehta & Company (Chartered Accountants) Firm Reg. No. 000756N

(Neeraj Bansal} (Partner) Membership No. 095960

Place: Delhi Date: 12.11.2020 UOIN: 20095960AAAAPl8214

Registered Office: Pollachi Road, Malumachampatti Post,Coimbatore - 641 050

CIN:L29120TZ1977PLC000780 Phone: +91-4226655120

1. The above results was approved in the meeting of the Board of Directors held on 12th November, 2020

2. The company operates in a Two operating segment namely, manufacturing of equipments and Engineering, Construction and Design Services.The financial results for the half year ended September 30, 2020 are being published in the newspaper as per the format prescribed under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results of the Company are also available on Stock Exchange websites and on the Companies website www.revathi.in.

3. The company has further acquired 252526 shares of Semac Construction (P) Ltd for Rs.3.58 crores during the period ended 30th September, 2020.

4. Previous quarter figures have been regrouped wherever considered necessay

Date: 12th November 2020 Place: New Delhi

Abhishek Dalmia Executive Chairman DIN : 00011958

Regd Office: Pollachi Road, Malumachampatti Post,Coimbatore - 641 050

Phone: +91-4226655120 CIN:L29120TZ1977PLC000780

Regd Office: Pollachi Road, Malumachampatti Post,Coimbatore - 641 050 CIN:L29120TZ1977PLC000780

Phone: +91-4226655120

CONSOLIDATED CASH FLOW STATEMENT FOR THE HALF YEAR ENDED SEPTEMBER 30, 2020

1,677.55 3,092.91

Registered Office: Pollachi Road, Malumachampatti Post,Coimbatore - 641 050

CIN:L29120TZ1977PLC000780