Reliance Industrial Infrastructure : Dividend

Sub: Statement of Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2022

In continuation of our letter dated April 13, 2022, we wish to inform you that the Board of Directors of the Company, at its meeting held today, has inter alia:

• i. Approved the Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2022 and the Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2022, as recommended by the Audit Committee; and

• ii. Recommended a Dividend of ₹ 3.00 per Equity Share of ₹ 10/- each for the financial year ended March 31, 2022

Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose the following:

• i. Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2022; and

• ii. Auditors' Reports with unmodified opinions on the aforesaid Audited Standalone and Consolidated Financial Results

The meeting of the Board of Directors of the Company commenced at 1.10 p.m. and concluded at 2.40 p.m.

We shall inform you in due course the date on which the Company will hold Annual General Meeting for the financial year ended March 31, 2022 and date from which dividend, if approved by the shareholders, will be paid or warrants thereof will be dispatched to the shareholders.

Registered Office: NKM International House, 5th Floor, 178 Backbay Reclamation, Behind LIC Yogakshema Building,

Babubhai Chinai Road, Mumbai - 400 020. India. Phone No: +91-22-4477 9053. Fax: +91-22-4477 9052.

E-mail:Investor_Relations@riil.in Website: www.riil.in

CIN: L60300MH1988PLC049019

We request you to kindly bring the above information to the notice of your members.

Thanking you,

Yours faithfully,

For Reliance Industrial Infrastructure Limited

Shailesh Dholakia

Company Secretary and Compliance Officer

Encl: As above

Registered Office: NKM International House, 5th Floor, 178 Backbay Reclamation, Behind LIC Yogakshema Building,

Babubhai Chinai Road, Mumbai - 400 020. India. Phone No: +91-22-4477 9053. Fax: +91-22-4477 9052.

E-mail:Investor_Relations@riil.in Website: www.riil.in

CIN: L60300MH1988PLC049019

D T S & Associates LLP

Chartered Accountants

Auditor's Report on the consolidated financial results of Reliance Industrial Infrastructure Limited for the quarter and year ended March 31, 2022 pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Independent Auditor's Report

To the Board of Directors of Reliance Industrial Infrastructure Limited

Report on the Audit of Consolidated Financial Results

Opinion

We have audited the accompanying consolidated financial results of Reliance Industrial Infrastructure Limited (hereinafter referred to as the Company") and its associates for the quarter and year ended March 31 , 2022 , ('consolidated financial results') attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 , as amended ('Listing Regulations').

In our opinion and to the best of our information and according to the explanations given to us and based on the consideration of reports of other auditors on separate audited financial statements I financial information of the associate, the consolidated financial results:

(i) include the results of Reliance Eu rope Limited an associate;

(i i) are presented in accordance with the requirement s of Regulation 33 ofthe Listing Regul ations in this regard ; and

(iii) give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards, and other accounting principles generally accepted in India, of net profit and other comprehensive income and other financial information of the Company and its associate for the quarter and year ended March 31 , 2022.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143( 10) of the Companies Act, 2013 ("Act"). Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of th e Consolidated Financial Results section of our report. We are independent of the Company and its associates in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Eth ics. We believe that the audit evidence obtained by us and other auditors in terms of the ir reports referred to in "Other Matter" paragraph below, is sufficient and appropriate to provide a basis for our qualified opinion.

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REGD. OFFICE: SUITE#1306 - 1307, LODHA SUPREMUS, SENAPATI BAPAT MARG, LOWER PAREL, MUMBAI - 400 013.

PHONE : +91 22 4945 4050 FAX: +91 22 4945 4010

CORP. OFFICE: 1105, RAHEJA CENTER, FREE PRESS JOURNAL MARG, NARIMAN POINT, MUMBAI - 400 021 .

PHONE : +91 22 4973 2396 WEB :www.dtsa.in

D T S & Associates LLP

Chartered Accountants

Management Responsibilities for the Consolidated Financial Results

The consolidated financial results , which is the responsibility of the Company's Management and approved by the Board of Directors of the Company, has been prepared on the basis of the consolidated financial statements. The Company's Board of Directors are responsible for the preparation and presentation ofthese consolidated financial results that give a true and fair view of the net profit and other comprehensive income and other financial information of the Company and its associates in accordance with the Indian Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 ofthe Listing Regulations. The Board of Directors of the company and of its associates are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and its associates and for preventing and detect ing frauds and other irregularities ; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design , implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records , relevant to the preparation and presentation of the consolidated financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the consolidated financial results by the Directors of the Company, as aforesaid.

ln preparing the consolidated financial results, the Board of Directors of the Company and its associates are responsible for assessing the ability of the Company and its associates to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate the Company and its associate or to cease operations, or has no realistic alternative but to do so.

The Board of Directors of the Company and its associate are responsible for overseeing the financial reporting process.

Auditor's Responsibilities for the Audit of the Consolidated Financial Results

Our objectives are to obtain reasonable assurance about whether the consolidated financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor ' s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate , they could reasonabl y be expected to influence the economic decisions of users taken on the basis ofthese consolidated financial results.

As part ofan audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also :

• • Identify and assess the risks of material misstatement of the consolidated financial results , whether due to fraud or error, design and perform audit procedures responsive to those risks , and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

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Continuation Sheet. ... .

D T S &:: Associates LLP

C h artered Accountants

• • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3) (i ) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to financ ial statements in place and the operating effectiveness of such controls.

• • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.

• • Conclude on the appropriateness of the Board of Directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Company and its associate to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor ' s report to the related disclosures in the consolidated financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company and its associates to cease to continue as a going concern.

• • Evaluate the overall presentation, structure and content of the consolidated financial results, including the disclosures, and whether the consolidated financial results represent the underlying transactions and events in a manner that achieves fair presentation.

• • Obtain sufficient appropriate audit evidence regarding the financial results/financial information of the Company and its associate to express an opinion on the consolidated financial results. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the consolidated financial results of which we are the independent auditors. For the other entities included in the consolidated financial results , which have been audited by other auditors, such other auditors remain responsible for the direction , supervision and performance of the audits carried out by them . We remain solely responsible for our audit opinion.

We communicate with those charged with governance of the Company and such other entities included in the consolidated financial results of which we are the independent auditors regarding, among other matters , the planned scope and timing of the audit and significant audit findings , including an y significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable.

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Continuation Sheet. ....

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