A B INFRABUILD LIMITED - Annual Report 2021

(Formerly Known as A B INFRABUILD PVT. LTD.)

Registered Office: 104, 1st Floor, Shubhangan CHS. Ltd., Jawahar Nagar, Near Railway Crossing, Goregaon (W), Mumbai· 400104. ï Tel. : 2871 2114 CIN :L45202MH2011 PLC214834 ï website: www.abinfrabuild.com

ISO CERTIFIED: OHSAS ·18001 : 2007, ISO 14001:2015, ISO 9001:2015

To,

The Manager Listing Department National Stock Exchange of India Exchange Plaza, Bandra-Kurla Complex, Bandra (E), Mumbai -400051.

Ref.: A B Infrabuild Limited (NSESymbol: ABINFRA,ISIN: INEOOYB01017) Sub.: Outcome of Board Meeting held on 29th June, 2021.

Dear Sir/Madam,

This is to inform you that the Board of Directors of the Company at their meeting held today i.e. June 29, 2021 at Registered Office of the Company has inter-alia, Considered and approved the Audited Standalone Financial Results of the Company for the half year and year ended March 31, 2021.

The Board Meeting commenced at 2:00 p.m. and concluded at 3:00 p.m.

You are requested to kindly take the same in your records and acknowledge the receipt.

Thanking You,

Yours Faithfully, For A B Infrabuild Limited

Managing Director DIN - 03388129

Date: 29/06/2021 Place: Mumbai

(Formerly Known as A B INFRABUILD PVT. LTD.)

Registered Office : 104, 1st Floor, Shubhangan CHS. Ltd., Jawahar Nagar, Near Railway Crossing, Goregaon (W), Mumbai - 400 104. ï Tel. : 2871 2114 CIN :L45202MH2011 PLC214834 ï website: www.abinfrabuild.com

'ISO CERTIFIED: OHSAS -18001 : 2007, ISO 14001:2015, ISO 9001:2015

To, The Manager Listing Department National Stock Exchange of India Exchange Plaza, Bandra-Kurla Complex, Bandra (E), Mumbai -400051.

Ref.: A B Infrabuild Limited (NSESymbol: ABINFRA,ISIN: INEOOYB01017)

Sub.: Submission of Audited Standalone Financial Results for Half year and Year ended on 31st March,2021.

Dear Sir/Madam,

In terms, of Regulation 33 of the SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing a copy of the Audited Financial Results for the half year and Year ended March 31, 2021 along with Audit Report with unmodified opinion issued by the M/s. Bhuwania & Agrawal Associates (FRN: 101483W) Statutory Auditors of the Company, which was approved by the Audit Committee and Board of Directors at their Meeting.

You are requested to kindly take the same in your records and acknowledge the receipt.

Thanking You,

Yours Faithfully, For A B Infra build Limited

Am~ Managing Director DIN - 03388129

Date: 29/06/2021 Place: Mumbai

RegisteredOffice: 104,1st Floor,Shubhangan CHS Ltd.,[awahar Nagar, Near RailwayCrossing.Goregaon (West)Mumbai400062 CIN No.r-L45202MH2011PLC214834Website:-www.abinfrabuild.comEmailID:[email protected] No.r-022-28712114

(Amount in Lacs)

	Particulars			Half Year Ended
			30.09.2020	31.03.2020	Year ended31.03.2021	Year ended31.03.2020
			(Unaudited)	(Audited)	(Audited)	(Audited)
		(Audited)(1)	(2)	(1)	(4)	(4)
1Revenue From operations	(Gross)	4,592.80	1,585.58	3,849.40	6,178.38	6,362.46
2Other Income		36.38	30.52	17.65	66.90	33.53
3Total Revenue (1+2)		4,629.18	1,616.10	3,867.05	6,245.28
4Expenses						6,395.99
a) Cost of materials consumed		4,504.77	1,201.72	3,S10.09
b) Purchase of stock in trade			-		5,706.49	5,132.04
	c) Changes in inventories of finished goods, work in progress and stock					-
in trade		(522.50
d) Employee benefits expense		94.43	146.83	(573.59)	(375.67)	76.89
e) Financial Cost		184.21	80.50	94.63	174.93	174.41
f) Depreciation and amortisation expense		l3.57	168.48	165.45	352.69	307.Q1
I!() Other expenses		227.06	12.4467.12	15.48	26.01	34.39
Total Expenses		4,501.54	1,677.09	]00.34	294.18	244.56
5	Profit before exceptional & exITaordinary items & tax (3-4)			3,612.40	6,178.63	5,969.30
6Exceptional Items		127.64	(60.99)	254.65	66.65	426.69
7Profit from EXlTaordinary items and tax (5-6)		365.42		32.84	365.42	69.65
8Extraordinary items		(237.78)	(60.99)	221.81	(298.77)	357.04
9Profit before tax (7-8)		-		-		-
10Tax Expenses		(237.78)	(60.99)	221.81	(298.77)	357.04
a) For Current Tax
b) Deferred Tax		11.90(91.58)	-2.91	67.60	11.90	105.00
c) Short Provision for Taxation		0.87		(7.05)	(88.67)	(8.08)
11 Profit from the period from continuing	operations(9-10)	(158.97)	-	-	0.87	-
12Profit from discounting operations			(63.90)	161.26	(222.87)	260.12
13Tax expenses of discounting	operations			-		-
14 Profit from Discounting operations	(12-13)		-	-	-	-
15Profit for the period (11-14)		(158.97)	(63.90)	-161.26		-
16Other Comprehensive	Income				(222.87)	260.12
a)Items that will be reclassified to profit or loss			-		-
	b)income tax on items that will be reclassified to profit or loss	-		-		(8.77)
Other Comprehensive	Income (Net of Tax)		-
Total Comprehensive	Income for the period (15+16)	-(158.97)	(63.90)	-161.26	-	(8.77)
					(222.87)	251.35
17Paid Up Equity Share Capital		1,266.94	1.266.94	1,266.94	1,266.94	1,266.94
Face Value of Equity Shares (ill Rupees)		10.00	10.00	10.00	10.00	10.00
18	Reserves Excluding Revaluation Reserves as per balance sheet of
previous year		1,417.53	1,576.54	1,641.19	1,417.53	1,641.19
19Earning Per Share (In Rs.)
a) Basic		(1.25)	(0.50)	1.27	(1.76)	1.98
b) Diluted		(1.25)	(0.50)	1.27	(1.76)	1.98

NOTES:

The above audited results were reviewed by Audit Committee and approved by the Board of directors of the Company at its meeting held at Mumbai on 29tll June 2021 and published in accordance with regulation 33 (If the SEBI (Lisitng Obligations and Disclosure Requirements) Regulations. 2015.
During the previous year the company has elected to exercise the option permitted under section l1SBAA of the Income Tax Act 1961, as introducted by the Taxation Laws (Amendment) Ordinance 2019 and recognised the tax provision in previous year and current year ended on 31st March 2021 on the basis of rates prescribed in that section. The full impact of remeasurement of derferred tax assets/liabilites on account of this change was recognised in the statement of Profit and Loss.
The Company primarily deals in the business of infrastructure as single reportable segment. Hence Segment Reporting as defined in Ind AS 108 "Operating Segment" is not applicable to the Company.
TIle figures for the six months ended 31st March 2021 and 31st March 2020 are the balancing figures between the audited figures in respect of the full financial year and the uoaudued published yeM to rlte figures upto th", half yeM of the relevnt financial yeM which nee subject to limited review by the statutory auditors.
The company has made initial public offer of 44,28,000 shares of face value of Rs.10 each with premium of Rs.19 each aggregating to Rs.1284.12 lacs which is fully subscribed and share was alloted on 9th July 2019.
Due to outbreak of Corona virus (COVID-19) pandemic globally and in India is causing significant disturbance and slowdown of economic and financial activity. The Company's operations and revenue during the period were impacteddue to COVID-19. [lased on its assessment of business/ economic conditions, the Company expects to recover the carrying value of its assets based on the internal and external information upto the date of approval of these audited financial results.
Previous period figures have been rezrouoed and reclassified, where ever necessary, to make them comparable with current figures.

Registered Office: 104,1st Floor,Shubhangan CHS Ltd., [awahar Nagar, Near Railway Crossing, Goregaon (West), Mumbai 400062 CIN No.i- lA5202MH2011PLC214834Website:-www.abinfrabuild.col1l Email ID:- [email protected] No.:- 022-28712114

	& LiabilitiesPart II: Statementof Assets
	Particulars	As at 31.03.2021	As at 31.03.2020
I	ASSET
	Non CurrentAsset
	Plant & equipmenta) Property,
		106.42	98.89
	b) CapitalWork In Progress	66.92	-
	c) Financial Assets
	i) Investment	17.58	17.58
	ii) Others	226.58	941.56 I
	d) Deferredtax Assets (Net)	150.36	61.68
	f) Other Non CurrentAsset		-
	Total Non CurrentAssets	567.86	1,119.71
	CurrentAssets
	a) Inventories	4,968.04	4,592.37
	b) FinancialAssets
	i) CurrentInvestment
	ii) Trade Receivables	3,608.70	-
	iii) Cash and Cash Equivalents		3,832.66
	iv) Other Bank Balances	109.58	66.37
	v) Loans & Advances	101.43	221.73
	vi) Other	19.26	6.75
	c) CurrentTax Assets (Net)	547.77	-
	d) Other CurrentAsset	140.3'1	130.75
	Total CurrentAssets	1,280.98	1,212:I5
		10,776.07	10,062.78
	TOT At ASSETS	11,343.93	11,182.49
II	EQUITY AND UABILITIES
	Equity
	a) Equity Share Capital	1,266.94
	b) Other Equity	1,417.53	1,266.94
	Total Equity	2,684.47	1,64"1.192,908.13
	Liabilities
	Non CurrentLiabilities

	a) Financialliabilities	93.81	1.1.53
	b) Non CurrrentProvisionsTotal Non CurrentLiabilities	4.06	6.10
		97.87	17.63
	CurrentLiabilities
	a) FinancialLiabilities
	i)Borrowings	2,363.09	2,287.15
	.ii)Trade Payables	4,031.76	4,lH74
	iii)Other CurrentFinancialLiabilities	1,007.35	1,131.1"1
	b) Other CurrentLiabilities	1,101.78	608.74
	(c) CurrentTax Liabilities (Net)	11.90	105.00
	(d) Provisions	45.71	10.99
	Total CurrentLiabilities	8,561.59	8,256.73
	TOTAtEQUITY AND LIABILITIES
		11,343.93	11,182.49

Registered Office: 104,1st Floor, Shubhangan CHS Ltd., [awahar Nagar, Near Railway Crossing, Goregaon (West), Murnbai400062 CTNNo.:- LA5202MH2011PLC214834Website:-www.abinfrabuild.com Email 10:[email protected] No.:-022-28712114

Part III: Cash Flow Statement					(Amountin Lacs)
Particulers			31.03.2021	31.03.2020
Cash flow from operatingactivity
Net Profit before tax & Extra OrdinaryItems			(298.77)		357.04
Adjustmentfor:
Depreciation		26.01		34.39
Interestpaid		352.69		307.00
Loss on Sale of Asset		(2.73)		41.90
Other ComprehensiveIncome				(8.77)
DividendIncome (consideredSeperately)				(0.70)
Bad Debts		18.78		26.31
Provision For Gratuity		1.38		2.54
InterestIncome (consideredSeperately)		(24.24)	37'1.89	(29.87)	372.80
OperatingProfit before workingcapitalchanges			73.12		729.84
WORKINGCAPITAL CHANGES
(Increase) Decrease in Sundrydebtors		205.18		(2,282.39)
(Increase) Decrease in Inventories		(375.67)		76.89
Changein Short Term Loans & Advancesand other receivables		(81.33)		(983.97)
Increase (Decrease) in other currentIiabitity		369.28		204.60
Changein Short Term Provision		31.30		(2.25)
Increase (Decrease) in Trade & other Payable		(81.98)	66.78	1,670.57	(1,3] 6.55)
Cash GeneratedFrom operations
Direct Tax Paid			139.90		(586.7'1)
			(115.44)		(234.82)
&Cash Flow Before Prior PeriodExtra OrdinaryItems			24.46		(821.53)
Prior Period & Extra OrdinaryItems			(0.78)		(78.31)
Net Cash Flow From OperatingActivities	I		23.68		(899.84)
CASH FLOW FROM INVESTINGACTIVITIES
(Purchases)/ Sale of Fixed Assets		(97.73)		23.19
DividendIncome		-		0.71
Interest Income		24.23		29.87
Movementin other currentfinancial assets		(547.77)		-
Movementin other non currentfinancial assets		714.98		(56.95)
Net Cash Outflowfor investingActivities	II		93.7'1		(3.18)
Cash flow after investingactivities(III) = (1+11)	III		117.39		(903.02)
CASH FLOW FROM FINANCINGACTIVITIES
Proceeds from issue of Equity share capital		-		1,284.12
Movementon Short Term Borrowing		75.93		(221.20)
Movementon Long Term Borrowing		82.28		11.53
Interest Paid		(352.69)		(307.00)
Net Cash Flow from financingactivity	IV		(194.48)		767.45
Cash flow after financingactivity(V)=(III+IV)	V		(77.09)		(135.57)
Cash & Cash Equivalent(OpeningBalance)			288.10		423.67
Cash & Cash Equivalent(Closing Balance)			211.01		288.10
in cash &Increase / (Decrease)cash equivalents	VI		(77.09)		(135.57)

For & on behalf of the Board of Directors - A B Infra build Limited

~ AmitMishra Managing Director (DIN 03388129)

Place: Mumbai Date: 29-06-2021

Registered Office: 1st Floor, Shubhangan CHS Ltd. 104,[awahar Nagar Near Railway Crossing Gor~on (West) Mumbai 400062 CIN NO.:-1A5202MH201lPLC214834 Website:-www.abinfrabuild.com Email ID:- [email protected] Telephone No.:- 022-28712114

Audited Financial Results for the Half Year ended on 31st March 2021

				(Rs in Lacs)
	Part-iculars	Half Year ending	Year to dalefigures	CorrespondingSixmonths ended inprevious year(Audited)
		(Audited)	(Audited)
		31.03.2021	31.03.2021	31.03.2020
'1	Total Income from operations (net)	4,629.18	6,245.28	3,867.05
2	items & Tax)Net Profit for the period (before Extraordinary	127.64	66.65	254;65
3	Net Profit for the period before tax (after Extraordinarylterns)	(237.78)	(298.77)	221i81
4	Net Profit for the period after tax	(158.97)	(222.87)	161.26
5	Total ComprehensiveIncome for the period and Other ComprehensiveIncome (after tax)	(158.97)	(222.87)	161.26
6	Equity Share Capital	1,266.9-1	1,266.94	1,266.94
7	Reserves (Excluding Revaluation Reserve)	1,417.53	1,-rt7.53	1,641.19
8	Earning Per Share (Before extraordinaryitems) (of Rs 10/ - Each)
	a) Basic	(1.25)	(1.76)	1,27
	b) Diluted	(1.25)	(1.76)	1,27
9	Earning Per Share (After extraordinaryitems) (of Rs 10/ - Each)
	a) Basic	('1.25)	(1.76)	1.27
	b) Diluted	(1.25)	(1.76)	'1.27

Notes-

The above audited results were reviewed by Audit Committee and approved by the Board of directors of the Company at its meeting held at Murnbai on 29th June 2021 and published in accordance with regulation 33 of the SEBI (Lisitng Obligations and Disclosure Requirements) Regulations, 20]5.

1. During the previous year the company has elected to exercise the option permitted under section 1'I5BAI\ of the Income Tax Act '1961,as introducted by the Taxation Laws [Amendment) Ordinance 2019 and recognised the tax provision in previous year and current year ended on 31st March 2021 on the basis of rates prescribed in that section. The full impact of remeasurement of derferred tax assets/ liabilites on account of this change was recognised in the statement of Profit and Loss.
1. The Company primarily deals in the business of infrastructure as single reportable segment. Hence Segment Reporting as defined in lrul AS 108 "Operating Segment" is not applicable to the Company.
1. The figures for the six months ended 31st March 2021 and 31st March 2020 are the balancing figures between the audited figures in respect of the full financial year and the unaudited published year to date figures upto the half year of the relevant financial year which are subject to limited review by the statutory auditors.
1. The company has made initial public offer of 44,28,000 shares of face value of Rs.lO each with premium of Rs.19 each aggregating to Rs.1284.12lacs which is fully subscribed and share was allored 011 9th July 2019.
1. Due to outbreak of Corona virus (COVID-19) pandemic globally and in lndia is causing significant disturbance and slowdown of economic and financial activity. The Company's operations and revenue during the period were impacted due to COVID-19. Based on its assessment of business/economic conditions, the Company expects to recover the carrying value of its assets based on the internal and external information upro the date of approval of these audited financial results,
1. Previous period figures have been regrouped and reclassified, where ever necessary, to make them comparable with current figures,
S) The above is an extract of the detailed format of quarterly financial results filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing obligations andDisclosure Requirements) Regulations, 2015, The full format of the half year Results are available on the Stock Exchange websites. (www.nseindia.com)

BHUWANIA & AGRAWAL ASSOCIATES Chartered Accountants

N403, Express Zone, Off Western Express Highway, Malad (East), Mumbai - 400097 Phone: 2876 600L / 2876 6002 Email: inf [email protected]

Independent Auditor's Report on Half Yearly and Annual Audited Financial Results of the Company Pursuant to the Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2AL5, as amended

TO THE BOARD OF DIRECTORS OF A B INFRABUILD LIMITED

Report on the Audit of the Financial Statements

Opinion

We have audited the accompanying statement of half yearly and year to date financial results of A B INFRABUILD LIMITED ("the Company") f.or the half year and year ended 31't March 2020, attached herewith, being submifted by the Company pursuant to the requirement of Regulation 33 and 52 of the SEBI (Listing Obtgations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations").

In our opinion and to the best of our information and according to the explanations given to us, these financial results for year ended 31't March 2021;

L. are presented in accordance with the requirements of the Listing Regulations in this regard, and
1. grve 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 the net profit, other comprehensive income and other financial information of the Company for the year then ended on 31,t March 2021.

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, as amended ('the Act'). Our responsibilities under those Standards are further described in the "Auditor's Responsibilities for the Audit of the Financial Results" section of our report. Wdare independent of the Company in accordance with the Code of Ethics issued by the ftrstitute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial results under the provisions of the Companies Act 201,3 and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our opinion.

Management's Responsibility for the Financial Results

These half yearly financial results as well as the annual financial results have been prepared on the basis of the annual financial statements. The Board of Directors of the Company are responsible for the preparation and presentation of the these financial results that give a true and of the net profit and other comprehensive income of the Company and other tion in accordance with the applicable accounting standards prescribed under with relevant rules issued thereunder and other accounting principles read and

South Mumbai Office: - 503/505, ].S.Seth Roa4 L't Floor, Chira Baazx, Phone: 2205 4634/ 22081249

in compliances with Regulations 33 &.52 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Comppy and for preventing and detecting frauds and other irregularities; selection T9 uppti"ation of appropriate Lccounting policies; *uiirg judgments and estimates that are reasonable and prudent and {:rtg, implementitlon and mainterirrr."lr adequate intemal financial controls, that were operating effecf,vely for ensuring the accuracy and completeness of the accounting records, relevant tothe prlparation and presentaion of the financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the financial results the Board of Directors are responsible for assessing the Company's ability to continue as a going concerlL disclosing, as applicable, matters related to gJing.orc"i., u.d lti"g the going concern basis of accounting unless the-goard of Directors either lrrt"rrj, to liquidate the Company or to cease operations, or has no realistic altemative but to do so.

The Board of Directors are also responsible for overseeing the company's financial reporting process.

Auditols Responsibilities for the Audit of the Financial Results

our objectives are to obtain reasonable assurance about whether the financial results as a whole are free from material misstatemen! 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 ul*iyr detect a material misstatement when it exists. Misstatements can arise from fraud or error and ire considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial results.

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

oIdentify and assess the risks of material misstatement of the financial results, whether due to fraud or error, design and perform audit procedures responsive to those rirtr,'ur,JoUtuir,-"ai, evidence that is sufficient and appropriaie to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than ?or one resulting from error, as fraud may involve collusior; forgery, intentional omi-ssions, misrepresentations, or the override of internal control.
' Obtain an understanding of internal conkol relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3Xi) of the Aci, we are also responsiblg fol -expressing our opinion on whether the Company has adequate intemal financial controls with reference to financial statements in place urd tn" operating effectiveness of such controls-
o Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by Board of Directors.
oConclude on the appropriateness of the Board of Directors use of the going concem basis of accounting and, based on the audil evidence obtained, whether a matJriallncertainty exists related to events or conditions that may cast significant doubt on the Company,s uUitity to continue as a going concem. If we conclude that a material uncertainty exists, *" ur" required to draw attention in our auditor's report to the related disclosures in thsfinancial results oi 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 may cause the,Company to cease to continue as a going concem. tions

o Evaluate the overall presentation, structure and content of the financial results, including the disclosures, and whether the financial results represent the underlying kansactions and errents in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scoPe and timing of the audit and significant audit findings, including any 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.

Other Matter

We draw your attention to the Note no. 4 to the anrrual financial results which states that the results for the half year ended 31"t March 2021 and 3L"t March 2020 are the balancing figures between the audited figures in respect of the full financial year and the unaudited publishedyear to date figures up to the half yeur ol the relevant financial ylar, which are subject to limited review by us, as required under the Listing Regulations.
We draw your attention to the Note no. 6 to the annual financial results which explain the management's assessment of the economical & financial impact due to lock-down and conditions related to the COVID-19 and its consequential impact on the carrying values of assets as at 31't March2021.

FoT BHUWANIA & AGRAWAL ASSOCIATES

(Chartered Accountants) (Firm Registration no. 101483

Shubham Bhuwania (Partrer) Membership No. UDIN Date Place 171789 2117178944AAER3286 2)tnJwrc2021 Murnbai

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A B INFRABUILD LIMITED Annual Report 2021