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BSR & Associates LLP Chartered Accountants Building No. 10 , 12th Floor , Tower - C , DLF Cyber City , Phase - II , Gurugram 122 002 , India Telephone : +91 124 719 1000 Fax : +91 124 235 8613 To Board of Directors Indian Energy Exchange Limited First Floor , Unit No. 1.14 ( a ) , Avanta Business Centre , Southern Park , D - 2 , District Centre , Saket , New Delhi - 110017 1. We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of Indian Energy Exchange Limited ( ' the Company ' ) for the quarter ended 30 September 2021 and year to date results for the period from 1 April 2021 to 30 September 2021 ( ' the Statement ' ) . 2 . This Statement , which is the responsibility of the Company's management and approved by the 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 and in compliance with Regulation 33 of the Listing Regulations . Our responsibility is to issue a report 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 is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit . We have not performed an audit and 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 applicable accounting standards and other recognised 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 including the manner in which it is to be disclosed , or that it contains any material misstatement . Place : New Delhi Date : 21 October 2021 For BSR & Associates LLP Chartered Accountants Firm's Registration No .: 116231W / W - 100024 ASHWIN Digitally signed by BAKSHAS BAKSHI Date : 2021.10.21 18 : 21 : 36 + 05'30 ' Signature Ashwin Bakshi Partner Membership No. 506777 UDIN - 21506777AAAAAZ7371 BSR & Associates ( a partnership firm with Registration No. BA69226 ) converted into B SR & Associates LLP ( a Limited Liability Partnership with LLP Registration No. AAB - 8182 ) with effect from October 14 , 2013 Registered Office : 14th Floor , Central B Wing and North C Wing , Nesco IT Park 4 , Nesco Center , Western Express Highway , Goregaon ( East ) , Mumbai - 400083