Financial Statements and Related Announcement::Full Yearly Results

Issuer & Securities

Issuer/ Manager
SUMMIT DIGITEL INFRASTRUCTURE LIMITED
Securities
SUMMITDGUS$500M2.875%N310812A - US86608CAA62 - OBWB
SUMMITDGUS$500M2.875%N310812R - USY8190DAA55 - UELB
Stapled Security
No

Announcement Details

Announcement Title
Financial Statements and Related Announcement
Date &Time of Broadcast
14-May-2024 23:27:33
Status
New
Announcement Sub Title
Full Yearly Results
Announcement Reference
SG240514OTHR95ST
Submitted By (Co./ Ind. Name)
Shumaila Sernobat
Designation
Company Secretary and Compliance Officer
Effective Date and Time of the event
14/05/2024 17:51:00
Description (Please provide a detailed description of the event in the box below - Refer to the Online help for the format)
We wish to inform that the Board of Directors of the Company at its Meeting held today i.e. on Tuesday, May 14, 2024, have, inter alia, approved and adopted the Un-audited Financial Results for the quarter ended March 31, 2024 and Audited Financial Results of the Company for the financial year ended March 31, 2024 (Financial Results).

In this regard, please find enclosed herewith:
- Auditors Report issued by the Joint Statutory Auditors of the Company on the Financial Results;
- Financial Results;
- Declaration for unmodified opinion.
- Disclosure of Related Party Transactions for the half year ended March 31, 2024;
- Security Cover Certificate as at March 31, 2024 with respect to the listed Non-Convertible Debentures issued by the Company; and
- Statement on utilization of issue proceeds of Non-Convertible Debentures for the quarter ended March 31, 2024.

Further, please note that the following changes in Board Composition and appointment of Statutory Auditors
noted and approved by the Board of Directors at the aforesaid meeting:

- (i) Mr. Mihir Nerurkar (DIN: 02038842) has resigned as Non-executive Director of the Company w.e.f. close of business hours on May 14, 2024, due to his change the role within the Brookfield Group and pre-occupation and (ii) Mr. Arpit Agrawal (DIN: 07769740) has resigned as Non-executive Director of the Company w.e.f. close of business hours on May 14, 2024, due to pre-occupation.
- Appointment of Mr. Prateek Shroff (DIN: 09338823) and Mr. Gaurav Chowdhary (DIN: 09487942) as Additional Non-Executive Directors of the Company w.e.f. May 15, 2024, subject to approval of the shareholders at the next general meeting.
- Based on the recommendation of the Audit Committee, the Board of the Directors approved re-appointment of M/s. Deloitte Haskins & Sells Chartered Accountants LLP, Chartered Accountants (Registration No. 117364W W100739) and appointment of M/s. Chaturvedi & Shah LLP, Chartered Accountants (Registration No. 101720W W100355) as the joint Statutory Auditors of the Company, for consecutive term of five years, from the conclusion of the Eleventh Annual General Meeting till the conclusion of Sixteenth Annual General Meeting, subject to approval of the Members at the ensuing Annual General Meeting.

Additional Details

For Financial Period Ended
31/03/2024

Attachments

SDIL SGX Cover Letter.pdf
Total size =11013K