SRBC&COLLP Chartered Accountants Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited 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 of Rolex Rings Limited 1, We have reviewed the accompanying statement of unaudited financial results of Rolex Rings Limited (the “Company”) for the quarter ended December 31, 2021 and year to date from April 01, 2021 to December 31, 2021 (the “Statement”) attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). 2. The Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) “Interim Financial Reporting” 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 and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review. 3. 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 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 4. Based on our review conducted as 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 Standards (‘Ind AS’) specified 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.SRBC&COLLP CCharteres Accountants 5. The figures for the financial result for the corresponding quarter and nine months ended December 31, 2020 is based solely on the accounts approved by the Board of Directors and have not been subjected to audit or review by us. For SRBC &COLLP Chartered Accountants ICAI Firm registration number: 324982E/E300003 per Sukrut Menta Partner Membership No.: 101974 UDIN: 22101974AAFNOM1757 Place : Ahmedabad Date : February 03, 2022ROLECRINGSURATED ormariykoowe Roles Rng Private Limited aasioci2e0sc851) RGEEX tt oe sn a en ee en ue ‘STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31ST DECEMBER, 2021 (€ in Miions except as stated otherwise) ‘Guarier Ended ‘Nine Months Ended | Year Ended mmssid | Unnctes |e | Unaanes |e | pudtes 1 |rcome IRevenue from operations 2aro7e} 258493] 13157] 727925 sore78| 6263.32 lotner income 613] _939| "isasn|_sz06| aro" 3425 [Teta near Zazs.si| 3s0432| 796.00] 732231] 405259 | —a307.57 2 expenses cost of raw materials and components consumed zs3so| 132463| 9740| 3,7an469| 200255] 3,165.94] increase) / Ovcreasein inventors af fished goods and |workin-progrese 81m] (12446) (559) (s8s.73]](a47sa]] (92.0 lemployee beni expense rasa] assas| izzaz|azaa| 710] sie Finance costs 2233] eosz| 5272} soot] 7631/69 lbepeciation and amortization expenses ss7| 6423] aaa] 19233] r9080| 25409] lother expenses sae _65755| _ess00| _187927| x40735| 1681.64] [Total Expenses ise7.70| 238.30] 3,581.83] 5,001.68] 3,600.46) 5445.72 3 |rott trom the operations before tax 22) assz| sez! 2i6a7| aa4o63| zens! 7st! 4 [raxerpense Ccurrenttae was7o] 1stso] saan] aster] aos] 120.42 Deferred tas crests) so} z2ae) (ass) (e239) 1807) a.zal 5 |wet Prof after tx (2-4 3as0a| 32690] aa766| szaie| aoan0| seas 6 |otner comprehensive income (nt of tax) ters that wil at be redasited to profit and losin subsequent periods e-messurement gain/as) on defined benef plans iss] 195) (oe) sas] 5.78 pa Income tax effect on above oss] osm] _o1s|__ og] on} 73 7 |rotal comprehensive income after tx (546) 320.35 | a28.7|tar37|os.97| eas] a7a.a| 8 [Paiccup equity share capita face value ®30/-per share) ma) ms| 2es| 2233) 230m) 29.1 3. former eauiry 332752] 10_|ePS not annuatized for quarters & sine month Reus) ease) sas] asm} au0s 3626] tea so] seas] 2005 35.96| {ee accompanying test financial reals) ‘SIGNED FOR IDENTIFICATION] PURPOSES ONLY, SRBC & CO LLPtourna eo rans (Frere ee Rig te nt } [CIN: 1288106 2003PL Costs ROLE ‘or oe on ow rs eC OA KoA AAT rose minds | tron ot san? malt complance@reieengs.com website ww olenngs art 1 These urucied frac ruts the company or ater a rine mnths endo Decanber 31, 221 have ban eed by he Ail Connie ad roster approved bythe Bou ef Decree mang bl on Feu 0, 2022 The nant els are repre force whe aden Pecontg Sond AS} as presen under Seen 123 oe Corgi Ae, 2012 ond her recog Securing packed es he ‘eter alee 2 Tha fgures inde in ae far ests fr fe coresondng quater ad noe rons ended Deceiber 31, 2020 is bad sly onthe accu poroved by the Bar! Orel an hav not ben etc oa ave yt ahdany autor 1 Te compan buns fs w srl business sega of dered ao compan, Hed, nies unde nt AS YO8-Cpaang Sepmeis ae retrepres speaty, 4 Te et ler expenses of Rs. 40.1 fio contin f Marcon rk es, Layer Fes (cv fans) ae proporinsly soca betneen {hosing shareolers ord te Company a pr the agreement. The uston ef et IPO proceeds acne ater canawing the compar ear ct Cat ent) Pare Fomnoaon [aston eae i” meen ara a ars ca OT a [Gewelcanra pose "aa [ sr rear cast [aoa | 5 The COMID-19 panes as ented vrous buses operate dun to lockdown sce emergency messi imped bythe Govemors. The angry as maoe deals assesarert offs iqUay potions ard busrarsoprtere an onset cathe carnaval testo The Cpa ‘ons nt ep signers pact ont peabns ard vcore vant atte sed eee csr fr cons conto, However, {ta inact scessmer of COMO-19 i carey proces ie he une sel ws are and ato a aecorangy hap aye ‘ret hor at estrada te sl of apport of ove fraclfesals The company wi crt to mont ry mata angele har earn ‘aon aa isp, any. ©The nan Pariament has approved he Code on Socal Socuty, 220 (Code) wich may Sal impact he corrbans ae byte Company towards Proven Fund ant Gay. The Carpay wl ste th mp! aot eatin one ha carepandg este role an wil ie spree pct ine rated hoes eels he peta hh Ce comes etc a te rele ae oe ee 7 Previous pri fares have boon repaid, esrarged ac! relied where cea to coum o carr pas statin. ForRolox Rings Limited Monash Madeka ‘ate: February 03, 2022 ‘Chatman and Managing Director Pace: Rat incose207e8 | SIGNED FOR IDENTIFICATION! PURPOSES ONLY spec & CO LLP