Starteck Finance Limited·

SFL/BSE/38/20-21

Date: 10th February, 2021

. +91 22 4287 7890 Website:ww.startcckfinancc.com

To The Secretary, Listing Department, Department of Corporate Services BSE Limited Phiroze Jeejeebhoy Tower, Dalal Street, Mumbai -400 001 Scrip Code: 512381

Sub: Outcome of Board Meeting

Sir,

This is to inform you that the Board of Directors at their meeting held today i.e. Wednesday, February 10, 2021 transacted the following business:

• 1. Approved Unaudited Financial Results _(Standalone and Consolidated) for the quarter and nine months ended December 3 1, 2020; Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 20 15, we enclose the following:
• Copy of Unaudited Financial Results (Standalone and Consolidated) for the quarter and nine months ended December 3 1, 2020.
• Limited Review Report for the above mentioned financial results.

6.00 p.m. 6.45 p.m. The meeting of the Board of Directors commenced at and concluded at --------

For Starteck Finance Limited

Company Secretary Encl:a/a

Email Id: [email protected]

STARTECK FINANCE LIMITED

Regd. Office: 5th Floor, Sunteck Centre, 37- 40 Subhash Road, Vile Parle (East), Mumbai 400057 CIN:L51900MHl985PLC037039. Email add:[email protected],website:www.starteckfinance.com, Tel:+91224287 7800, Fax:+91224287 7890

Unaudited Financial Results for the Quarter and Nine Months Ended 31st December, 2020 ffis. in Lakhs)

STARTECK FINANCE LIMITED

Regd. Office: 5th Floor, Sunteck Centre, 37-40 Subhash Road, Vile Parle (East), Mumbai 400057 CIN:L51900MH1985PLC037039, Email add: [email protected],website: www.starteckfinance.com, Tel:+91 22 4287 7800, Fax:+91 22 4287 7890

Unaudited Financial Results for the Quarter and Nine Months Ended 31st December 2020.

The above unaudited results (Standalone and Consolidated) for the quarter and nine months ended Dec 31, 2020 have been reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on Februa $\mathbf{I}$ for the quarter and nine months ended Dec 31, 2020 has been subjected to limited review by the Statutory Auditors of the Company.

2 The Company operates under single activity, hence there are no reportable segments, as per Ind AS 108 dealing with Operating Segment.

3 Other Income for the previous quarter ended September 30, 2020 and nine months ended 31st December, 2020 includes Rs. 3476.52 lakhs being profit from sale of non-current investments held by the Company.

4 Estimation uncertainty relating to COVID-19, global health pandemic:

To assess the recoverability of loans, receivables and investments, the Company has considered internal and external information up to the date of these financial results. Based on current indicators of future economic con The eventual outcome of impact of the global health pandemic may be different from those estimated as on the date of approval of these financial results and the Company will continue to monitor any material changes to the

5 Figures pertaining to previous periods/year have been regrouped/reclassified wherever found necessary to conform to current period's/year's presentation.

For and on behalf of Board of Directors Starteck Finance Limited

Place: Mumbai Date: 10th February, 2021

Anand Shroff Director (DIN: 08480489)

CHARTERED ACCOUNTANTS

LODHA &CO

6, Karim Charnbcrs, 40, A, Doshi Marg, (l·Mrnam Slreol), Mumbal 4{)0 001 !NDIA. Telephone 0091 ··2-2--22.69 14 14 / 2260 151 S

0091-22-4002 1140 / 4002. 1 •~ '!4 Fax 0091-22-2260 0126 E,nmi1 mumbai@)lodl1aco.corn

LIMITED REVIEW REPORT

• To the Board of Directors Starteck Finance Limited
• 1. We have reviewed the accompanying statement of unaudited standalone financial results ('Statement') of Starteck Finance Limited ("the Company") for the quarter ended 31st December, 2020 and the year to date results for the period 1st April 2020 to 31 st December 2020, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing, Obligations and Disclosure requirements) Regulations, 2015 ('Listing regulations'). 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 results based on our review.
• 1. We conducted our review in accordance with the Standard on Review Engagement (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 and analytical procedures applied to financial data and thus provide less assurance. than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
• 1. We draw attention to Note No. 4 to the Standalone financial results regarding the assessment made by the Company relating to impact of COVID-19 pandemic on the recoverability of loans, receivables and investments.

Our conclusion on the statement is· not modified in respect of this matter.

1. Based on our review conducted as 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 applicable Indian Accounting Standards (IND AS) 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, read with circular issued from time to time, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For Lodha & Co. Firm Registration No. - 301051 E Chartered Accountants RAJENDRA ; Dlglta!fyslgnedby

PARASMAL 8ARADIYA BARADIYA ~;~?;i.021.02.101s:17,ss

RAJENDRA PARASMAL

R.P. Baradiya Partner Membership No.44101 UDIN: 21044101AAAADQ7710

Place: Mumbai Dated: February 10, 2021

6, Karim Chambers, 40, A, Doshi Marg, (Hamam Street}, Mumbai 400 001 INDIA.

LODHA &CO CHART[REfl ACCOUNTANTS

Telephone 0091~22-22691414 /22691515 0091-22-4002 1140 I 4002 1414 Fax 0091-22-2265 0126 E-mail [email protected]

LIMLlED.REVIEW REPORT

To Board of Directors Starteck Finance Limited

• 1. We have reviewed the accompanying statement of unaudited consolidated financial results of Starteck Finance Limited ("the· Parent Company") and its subsidiaries (the Parent Company and its subsidiaries together referred to as "the Group") for the quarter ended December 31, 2020 and for the period from April 1, 2020 to December 31, 2020 ("the Statement") attached herewith, being submitted by the Parent Company pursuant to the requirements of Regulations 33 of the SEBI (Listing, Obligations and Disclosure requirements) Regulations, 2015 ('Listing regulations'), as amended.
• 1. This Statement, which is the responsibility of the Parent Company's Management and approved by the Parent Company's Board of Directors, has been prepared 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, and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
• 1. 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 Holding Company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit We have not performed an audit and accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, to the extent applicable. ·

1. The Statement includes the results of the following entities:

Companies reviewed by us:

1) Starteck Finance Limited (Parent Company)

Subsidiaries reviewed by other auditors:

• 1) V Can Exports Private Limited
• 2) Chitta Finlease Private Limited·
• 3) Starteck Housing Finance Private-Limited
• 1. We did not review the financial statements of three subsidiaries included in the unaudited consolidated financial results, whose interim financial results reflect total assets of Rs. 61,597.11 Lakhs as at December, 2020 and total revenues of Rs. 13.59 lakhs and Rs. 46.65 lakhs, net profit after tax and total comprehensive profit of Rs. 3. 76 Jakhs and Rs. 16.34 lakhs. for the quarter and nine months ended December 30, 2020, respectively, as considered In the unaudited consolidated financial results. These interim financial results

Kolkata Mumbai NewD0lhl Chennai Hyderabad Jaipur

have been reviewed by other auditors whose reports have been furnished to us by the management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based solely on the reports of the other auditors. ·

1. We draw your attention to the Note 4 to the financial results regarding the assessment made by management relating to impact of COVID-19 pandemic on the operations of the Group.

Our conclusion is not modified in respect of matters referred to in para 5 and 6.

1. Based on our review conducted and procedures performed as stated in paragraph 3 above, 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 aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

Chartered Accountants Firm Registration No: 301051 E RAJENDRA Digitally signed by

PARASMAL BARADIYA

For Lodha & Co.

RAJENDRA PARASMAL BARADIYA ~;;;;~.021.02.101a,,2,os

R.P. Baradiya Partner Membership No. 44101 UDIN: 21044101AAAADR3287

Place: Mumbai Date : 10th February, 2021