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The revenue slipped marginally during the September 2019 quarter. A decline of about Rs. 0.00 millions was observed as compared to Rs. 0.15 millions during the corresponding quarter last year.The Net Loss for the quarter ended September 2019 is Rs. -1.51 millions as compared to Net Loss of Rs. -0.89 millions of corresponding quarter ended September 2018 Operating profit Margin for the quarter ended September 2019 further decreased to -1.33% as compared to -0.82% of corresponding quarter ended September 2018 (Rs. in Million) Quarter ended Year to Date Year ended 201909 201809 % Var 201909 201809 % Var 201903 201803 % Var Sales 0.00 0.15 0.00 0.00 0.15 0.00 0.14 0.77 -81.82 Other Income 0.01 0.03 -66.67 0.35 1.73 -79.77 3.04 0.91 234.07 PBIDT -1.33 -0.82 62.20 -2.18 -0.50 336.00 -1.62 -4.23 -61.70 Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.03 -100.00 PBDT -1.33 -0.82 62.20 -2.18 -0.50 336.00 -1.62 -4.26 -61.97 Depreciation 0.18 0.07 157.14 0.36 0.14 157.14 0.34 0.35 -2.86 PBT -1.51 -0.89 69.66 -2.54 -0.64 296.88 -1.96 -4.61 -57.48 TAX 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT -1.51 -0.89 69.66 -2.54 -0.64 296.88 -1.96 -4.61 -57.48 Equity 10.05 10.05 0.00 10.05 10.05 0.00 10.05 10.05 0.00 PBIDTM(%) 0.00 -546.67 -100.00 0.00 -333.33 0.00 -1157.14 -549.35 110.64

The revenue slipped marginally during the June 2019 quarter. A decline of about Rs. 0.00 millions was observed as compared to Rs. 0.00 millions during the corresponding quarter last year.The Net Loss for the quarter ended June 2019 is Rs. -1.03 millions as compared to Net Profit of Rs. 0.25 millions of corresponding quarter ended June 2018Operating profit Margin for the quarter ended June 2019 slipped to -0.85% as compared to 0.32% of corresponding quarter ended June 2018 (Rs. in Million) Quarter ended Year to Date Year ended 201906 201806 % Var 201906 201806 % Var 201903 201803 % Var Sales 0.00 0.00 0.00 0.00 0.00 0.00 0.14 0.77 -81.82 Other Income 0.34 1.70 -80.00 0.34 1.70 -80.00 3.04 0.91 234.07 PBIDT -0.85 0.32 -365.63 -0.85 0.32 -365.63 -1.62 -4.23 -61.70 Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.03 -100.00 PBDT -0.85 0.32 -365.63 -0.85 0.32 -365.63 -1.62 -4.26 -61.97 Depreciation 0.18 0.07 157.14 0.18 0.07 157.14 0.34 0.35 -2.86 PBT -1.03 0.25 -512.00 -1.03 0.25 -512.00 -1.96 -4.61 -57.48 TAX 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT -1.03 0.25 -512.00 -1.03 0.25 -512.00 -1.96 -4.61 -57.48 Equity 10.05 10.05 0.00 10.05 10.05 0.00 10.05 10.05 0.00 PBIDTM(%) 0.00 0.00 0.00 0.00 0.00 0.00 -1157.14 -549.35 110.64

The revenue for the March 2019 quarter is pegged at Rs. 0.00 millions against Rs. 0.11 millions recorded during the year-ago period.The Net Loss for the quarter ended March 2019 is Rs. -0.42 millions as compared to Net Loss of Rs. -1.38 millions of corresponding quarter ended March 2018 Operating profit Margin for the quarter ended March 2019 improved to -0.30% as compared to -1.30% of corresponding quarter ended March 2018 (Rs. in Million) Quarter ended Year to Date Year ended 201903 201803 % Var 201903 201803 % Var 201903 201803 % Var Sales 0.00 0.11 0.00 0.14 0.77 -81.82 0.14 0.77 -81.82 Other Income 1.07 0.12 791.67 3.04 0.91 234.07 3.04 0.91 234.07 PBIDT -0.30 -1.30 -76.92 -1.62 -4.23 -61.70 -1.62 -4.23 -61.70 Interest 0.00 0.00 0.00 0.00 0.03 -100.00 0.00 0.03 -100.00 PBDT -0.30 -1.30 -76.92 -1.62 -4.26 -61.97 -1.62 -4.26 -61.97 Depreciation 0.12 0.08 50.00 0.34 0.35 -2.86 0.34 0.35 -2.86 PBT -0.42 -1.38 -69.57 -1.96 -4.61 -57.48 -1.96 -4.61 -57.48 TAX 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT -0.42 -1.38 -69.57 -1.96 -4.61 -57.48 -1.96 -4.61 -57.48 Equity 10.05 10.05 0.00 10.05 10.05 0.00 10.05 10.05 0.00 PBIDTM(%) 0.00 -1181.82 -100.00 -1157.14 -549.35 110.64 -1157.14 -549.35 110.64

Revenue reduced marginally to stand at Rs. 0.00 millions during the quarter ended December 2018. The figure stood at Rs. 0.00 millions during the year-ago period.The Net Loss for the quarter ended December 2018 is Rs. -0.88 millions as compared to Net Loss of Rs. -1.07 millions of corresponding quarter ended December 2017 Operating profit Margin for the quarter ended December 2018 improved to -0.81% as compared to -0.98% of corresponding quarter ended December 2017 (Rs. in Million) Quarter ended Year to Date Year ended 201812 201712 % Var 201812 201712 % Var 201803 201703 % Var Sales 0.00 0.00 0.00 0.14 0.60 -76.67 0.70 12.93 -94.59 Other Income 0.24 0.34 -29.41 1.97 0.80 146.25 0.91 0.72 26.39 PBIDT -0.81 -0.98 -17.35 -1.33 -2.94 -54.76 -4.23 -7.03 -39.83 Interest 0.00 0.01 0.00 0.00 0.03 0.00 0.03 0.03 0.00 PBDT -0.81 -0.99 -18.18 -1.33 -2.97 -55.22 -4.26 -30.25 -85.92 Depreciation 0.07 0.08 -12.50 0.21 0.26 -19.23 0.35 0.60 -41.67 PBT -0.88 -1.07 -17.76 -1.54 -3.23 -52.32 -4.61 -30.85 -85.06 TAX 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT -0.88 -1.07 -17.76 -1.54 -3.23 -52.32 -4.61 -30.85 -85.06 Equity 10.05 10.05 0.00 10.05 10.05 0.00 10.05 10.05 0.00 PBIDTM(%) 0.00 0.00 0.00 -950.00 -490.00 93.88 -604.29 -54.37 1011.44

The sales moved up 40.00% to Rs. 0.14 millions for the September 2018 quarter as compared to Rs. 0.10 millions during the year-ago period.The Net Loss for the quarter ended September 2018 is Rs. -0.91 millions as compared to Net Loss of Rs. -1.06 millions of corresponding quarter ended September 2017 Operating profit Margin for the quarter ended September 2018 improved to -0.84% as compared to -0.95% of corresponding quarter ended September 2017 (Rs. in Million) Quarter ended Year to Date Year ended 201809 201709 % Var 201809 201709 % Var 201803 201703 % Var Sales 0.14 0.10 40.00 0.14 0.60 -76.67 0.70 12.93 -94.59 Other Income 0.03 0.06 -50.00 1.73 0.46 276.09 0.91 0.72 26.39 PBIDT -0.84 -0.95 -11.58 -0.52 -1.96 -73.47 -4.23 -7.03 -39.83 Interest 0.00 0.02 0.00 0.00 0.02 0.00 0.03 0.03 0.00 PBDT -0.84 -0.97 -13.40 -0.52 -1.98 -73.74 -4.26 -30.25 -85.92 Depreciation 0.07 0.09 -22.22 0.14 0.18 -22.22 0.35 0.60 -41.67 PBT -0.91 -1.06 -14.15 -0.66 -2.16 -69.44 -4.61 -30.85 -85.06 TAX 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT -0.91 -1.06 -14.15 -0.66 -2.16 -69.44 -4.61 -30.85 -85.06 Equity 10.05 10.05 0.00 10.05 10.05 0.00 10.05 10.05 0.00 PBIDTM(%) -600.00 -950.00 -36.84 -371.43 -326.67 13.70 -604.29 -54.37 1011.44

Revenue showed a marginal decline at Rs. 0.00 millions. For the quarter ended June 2018, as compared to corresponding quarter of last year.The Total Profit for the quarter ended June 2018 of Rs. 0.25 millions grew from Rs.-1.10 millions Operating profit Margin for the quarter ended June 2018 improved to 0.32% as compared to -1.01% of corresponding quarter ended June 2017 (Rs. in Million) Quarter ended Year to Date Year ended 201806 201706 % Var 201806 201706 % Var 201803 201703 % Var Sales 0.00 0.50 0.00 0.00 0.50 0.00 0.70 12.93 -94.59 Other Income 1.70 0.40 325.00 1.70 0.40 325.00 0.91 0.72 26.39 PBIDT 0.32 -1.01 -131.68 0.32 -1.01 -131.68 -4.23 -7.03 -39.83 Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.03 0.03 0.00 PBDT 0.32 -1.01 -131.68 0.32 -1.01 -131.68 -4.26 -30.25 -85.92 Depreciation 0.07 0.09 -22.22 0.07 0.09 -22.22 0.35 0.60 -41.67 PBT 0.25 -1.10 -122.73 0.25 -1.10 -122.73 -4.61 -30.85 -85.06 TAX 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT 0.25 -1.10 -122.73 0.25 -1.10 -122.73 -4.61 -30.85 -85.06 Equity 10.05 10.05 0.00 10.05 10.05 0.00 10.05 10.05 0.00 PBIDTM(%) 0.00 -202.00 -100.00 0.00 -202.00 0.00 -604.29 -54.37 1011.44

The Sales for the quarter ended March 2018 of Rs. 0.11 million declined by -79.63% from Rs. 0.54 millions.The Net Loss for the quarter ended March 2018 is Rs. -1.38 millions as compared to Net Loss of Rs. -1.43 millions of corresponding quarter ended March 2017 Operating profit Margin for the quarter ended March 2018 improved to -1.30% as compared to -1.31% of corresponding quarter ended March 2017 (Rs. in Million) Quarter ended Year to Date Year ended 201803 201703 % Var 201803 201703 % Var 201803 201703 % Var Sales 0.11 0.54 -79.63 0.70 12.93 -94.59 0.70 12.93 -94.59 Other Income 0.12 0.51 -76.47 0.91 0.72 26.39 0.91 0.72 26.39 PBIDT -1.30 -1.31 -0.76 -4.23 -7.03 -39.83 -4.23 -7.03 -39.83 Interest 0.00 0.01 0.00 0.03 0.03 0.00 0.03 0.03 0.00 PBDT -1.30 -1.32 -1.52 -4.26 -30.25 -85.92 -4.26 -30.25 -85.92 Depreciation 0.08 0.11 -27.27 0.35 0.60 -41.67 0.35 0.60 -41.67 PBT -1.38 -1.43 -3.50 -4.61 -30.85 -85.06 -4.61 -30.85 -85.06 TAX 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT -1.38 -1.43 -3.50 -4.61 -30.85 -85.06 -4.61 -30.85 -85.06 Equity 10.05 10.05 0.00 10.05 10.05 0.00 10.05 10.05 0.00 PBIDTM(%) -1181.82 -242.59 387.16 -604.29 -54.37 1011.44 -604.29 -54.37 1011.44

The revenue slipped marginally during the December 2017 quarter. A decline of about Rs. 0.00 millions was observed as compared to Rs. 5.61 millions during the corresponding quarter last year.The Net Loss for the quarter ended December 2017 is Rs. -1.07 millions as compared to Net Loss of Rs. -4.38 millions of corresponding quarter ended December 2016 Operating profit Margin for the quarter ended December 2017 improved to -0.98% as compared to -4.22% of corresponding quarter ended December 2016 (Rs. in Million) Quarter ended Year to Date Year ended 201712 201612 % Var 201712 201612 % Var 201703 201603 % Var Sales 0.00 5.61 0.00 0.59 12.98 -95.45 13.80 10.71 28.85 Other Income 0.34 0.06 466.67 0.80 0.21 280.95 0.72 0.75 -4.00 PBIDT -0.98 -4.22 -76.78 -3.02 -5.72 -47.20 -7.02 -2.78 152.52 Interest 0.01 0.02 -50.00 0.03 0.03 0.00 0.03 0.10 -70.00 PBDT -0.99 -4.23 -76.60 -3.06 -28.93 -89.42 -7.05 -2.88 144.79 Depreciation 0.08 0.15 -46.67 0.26 0.50 -48.00 0.60 1.26 -52.38 PBT -1.07 -4.38 -75.57 -3.23 -29.43 -89.02 -7.65 -4.14 84.78 TAX 0.00 0.00 0.00 0.00 0.00 0.00 23.19 -1.39 -1768.35 Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 23.19 -1.39 -1768.35 PAT -1.07 -4.38 -75.57 -3.23 -29.43 -89.02 -30.85 -2.74 1025.91 Equity 10.05 10.05 0.00 10.05 10.05 0.00 10.05 10.05 0.00 PBIDTM(%) 0.00 -75.04 -100.00 -511.86 -44.07 1061.54 -50.87 -25.96 95.98

The Sales for the quarter ended September 2017 of Rs. 0.09 million declined by -97.44% from Rs. 3.52 millions.The Net Loss for the quarter ended September 2017 is Rs. -1.06 millions as compared to Net Loss of Rs. -1.55 millions of corresponding quarter ended September 2016 Operating profit Margin for the quarter ended September 2017 improved to -0.95% as compared to -1.39% of corresponding quarter ended September 2016 (Rs. in Million) Quarter ended Year to Date Year ended 201709 201609 % Var 201709 201609 % Var 201703 201603 % Var Sales 0.09 3.52 -97.44 0.59 7.37 -91.99 13.80 10.71 28.85 Other Income 0.06 0.10 -40.00 0.46 0.15 206.67 0.72 0.75 -4.00 PBIDT -0.95 -1.39 -31.65 -2.04 -1.50 36.00 -7.02 -2.78 152.52 Interest 0.02 0.01 100.00 0.02 0.01 100.00 0.03 0.10 -70.00 PBDT -0.97 -1.39 -30.22 -2.07 -24.70 -91.62 -7.05 -2.88 144.79 Depreciation 0.09 0.16 -43.75 0.18 0.35 -48.57 0.60 1.26 -52.38 PBT -1.06 -1.55 -31.61 -2.16 -25.05 -91.38 -7.65 -4.14 84.78 TAX 0.00 0.00 0.00 0.00 0.00 0.00 23.19 -1.39 -1768.35 Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 23.19 -1.39 -1768.35 PAT -1.06 -1.55 -31.61 -2.16 -25.05 -91.38 -30.85 -2.74 1025.91 Equity 10.05 10.05 0.00 10.05 10.05 0.00 10.05 10.05 0.00 PBIDTM(%) -1055.56 -39.20 2592.43 -345.76 -20.35 1598.85 -50.87 -25.96 95.98

The Sales for the quarter ended June 2017 of Rs. 0.00 million declined by -100.00% from Rs. 3.86 millions.The Net Loss for the quarter ended June 2017 is Rs. -1.10 millions as compared to Net Loss of Rs. -23.50 millions of corresponding quarter ended June 2016 Operating profit Margin for the quarter ended June 2017 improved to -1.09% as compared to -0.11% of corresponding quarter ended June 2016 (Rs. in Million) Quarter ended Year to Date Year ended 201706 201606 % Var 201706 201606 % Var 201703 201603 % Var Sales 0.00 3.86 -100.00 0.00 3.86 -100.00 13.80 10.71 28.85 Other Income 0.40 0.05 700.00 0.40 0.05 700.00 0.72 0.75 -4.00 PBIDT -1.09 -0.11 890.91 -1.09 -0.11 890.91 -7.02 -2.78 152.52 Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.03 0.10 -70.00 PBDT -1.10 -23.31 -95.28 -1.10 -23.31 -95.28 -7.05 -2.88 144.79 Depreciation 0.00 0.19 0.00 0.00 0.19 0.00 0.60 1.26 -52.38 PBT -1.10 -23.50 -95.32 -1.10 -23.50 -95.32 -7.65 -4.14 84.78 TAX 0.00 0.00 0.00 0.00 0.00 0.00 23.19 -1.39 -1768.35 Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 23.19 -1.39 -1768.35 PAT -1.10 -23.50 -95.32 -1.10 -23.50 -95.32 -30.85 -2.74 1025.91 Equity 0.00 10.05 0.00 0.00 10.05 0.00 10.05 10.05 0.00 PBIDTM(%) 0.00 -2.85 0.00 0.00 -2.85 0.00 -50.87 -25.96 95.98

With reference to the earlier letter dated February 23, 2017 regarding sad demise of Managing Director, EMA India has now informed that the date February 21, 2017 be read as ‘20th February 2017’ i.e. Monday.The above information is a part of company’s filings submitted to BSE.

EMA India has informed that the sad demise of Company’s Managing Director Pradip Kumar Bhargava on February 21, 2017 who led the company for the last more than 30 years.The above information is a part of company’s filings submitted to BSE.