ABC India Ltd. — Capital/Financing Update 2021

Jun 29, 2021

40/8, BALLYGUNGE CIRCULAR ROAD, KOLKATA - 700 019
TEL ; (033) 2461 4156/4157, FAX : 91-33-24614193 E-MAIL ; emd@abcindia.com, HOME PAGE : www.abcindia.com
	Moving made simple
Date: 29'" June, 2021
x re Secretary,
BSE Limited,	The Secretary, The Calcutta Stock Exchange Ltd.,
Phiroze Jeejeebhoy Towers,	7, Lyons Range,
Dalal Street	Kolkata- 700 001
Mumbai — 400 001	Code No.- 10011146
Code — 520123

Dear Sir(s),

Reg: Outcome of Board Meeting

With reference to our letters dated 21% June, 2021 and 26" June, 2021, the Board of Directors of the Company in its meeting held on 29" June, 2021 has, inter-alia, transacted the following business:

• |. Reviewed and approved the Audited Financial Results of the Company for the quarter and year ended on 31° March, 2021 and have taken note of the Audit Report as issued by the Statutory Auditors on the aforesaid results and pursuant to regulation 30(6) and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a copy of the same is enclosed alongwith declaration with respect to un-modified opinion in audit reports of the Statutory Auditors as Annexure-l.
• 1. Reviewed and approved the Audited Annual Accounts for the financial year ended on 31°'March, 2021.
• 1. Recommended a dividend of 5% (% 0.50 per share) on the paid-up value of = 10/- per share.

Please note that the meeting commenced at 3:00 P.M. and concluded at 4.50 P.M.

This may please be informed to the members of your Stock Exchange.

Please acknowledge the receipt of the above.

Thanking You,

Yours faithfully,

For ABC India Limited

Sa-Jog Aguwel

( Sanjay Agarwal ) Company Secretary & ee Officer

Encl: As Above

Annexure)

ABC INDIA LIMITED CIN- L63011WB1972PLC217415 REGD. OFF : P-10 NEW C.I.T ROAD, KOLKATA - 700 073, Phone: (033) 22371745/24614156, FAX: (033) 24614193 Email : vrmd@abcindia.com ; Website : www. abcindia.com

: P-10 NEW C.I.T ROAD, KOLKATA REGD. OFF Email : vrmd@abcindia.com	ABC INDIA LIMITED CIN- L63011WB1972PLC217415 - 700 073, Phone: (033) 22371745/24614156, FAX: (033) 24614193 Website : ;	www. abcindia.com
STATEMENT OF AUDITED FINANCIAL RESULTS FOR		THE QUARTER AND YEAR ENDED 31ST MARCH, 2021
PARTICULARS	31.03.2021 (Audited)	Quarter Ended 31.12.2020 (Unaudited)	31.03.2020 (Audited)	Year ended 31.03.2021 (Audited)	(2 In Lakhs 31.03.2020 (Audited)
	4,297.15	6,025.64	2,330.21	16,723.09
	4117 4,338.32	2.09 6,027.73	14.06 2,344.27	83.24 16,806.33
:, &
	1,220.41	1,103.22	1,143.23	3,699.20
and work-in-progress	(12.46) 2,523.50	(4.56 4,422.53	3.18 426.39	(24.79) 11,088.10
	-.0 219.67 77.87	173.32 66.40	7.00 225.15 104.22	-.0 767.99 240.00
	44.68	34.14	75.35 523.33	152.90 592.21
	201.16 4,274.83	128.24 5,923.28	2,501.85	16,515.60
	63.49	104.45	(157.58	290.73
	0.41 63.90	: 104.45	4.33 (153.25)	0.41 291.14
[Revenue from operations [Other Income Ill. [Total Income (I + II) IV. Expenses (a) Purchase of stock-in-Trade (b) Changes in inventories of finished goods, by-products (c) Expenditure relating to transportation and services (d) Cost of construction (e) Employee benefits expense (f) Finance Costs (g) Depreciation and amortisation expenses (h) Other Expenses Total Expenses V. Profit/(loss) before exceptional Items and tax (III - IV) VI. [Exceptional Items Vil. Profit/ (loss) before tax (V + VI) Vill] Tax Expenses (a) Current Tax	21.00	- -	-	21.00	22,072.78 57.91 22,130.69 5,217.89 12.29 13,846.67 10.44 805.72 348.67 129.70 1,352.73 21,724.20 406.49 2.92 409.41
(b) Deferred Tax IX. [Net Profit for the period (VII - VIll)	23.19 19.71	- 104.45	(17.18 (136.07)	23.19 246.95	(17.18) 426.59
X. }Other Comprehensive Income (net of tax) A. . Items that will not be reclassified to Profit or Loss	86.67	-	0.38	86.67	0.38
1B. . Items that will be reclassified to Profit or Loss XI. [Total Comprehensive income (Net of tax) (IX + X)	: 106.38	- 104.45	< (135.69	- 333.62	426.97
xu. ]Paid-up Equity Share Capital of Rs. 10/- each XIL.] Earning per Share (of Rs.10/- each) (not annualised):	541.72	541.72	541.72	541.72	541.72

REGD. OFF: P-10 NEW C.I.T ROAD, KOLKATA - 700 073, Phone: (033) 22371745/24614156, FAX: (033) 24614193	ABC INDIA LIMITED CIN-L63011WB1972PLC217415 Email: vrmd@abcindia.com; Website: www.abcindia.com
STATEMENT OF AUDITED SEGMENT WISE REVENUE, RESULTS, ASSETS AND LIABILITIES FOR THE QUARTER AND YEAR ENDED 31ST MARCH, 2021
					$($ ₹ In Lakhs)
		Quarter Ended		Year ended
PARTICULARS	31.03.2021 (Audited)	31.12.2020 (Unaudited)	31.03.2020 (Audited)	31.03.2021 (Audited)	31.03.2020 (Audited)
Segment Revenue (Net Sale / Income from each segment) a) Freight & Services b) Petrol Pump	3.046.53 1.250.62	4.889.45 1,136.18	1.161.90 1,164.59	12,924.55 3,798.54	16,678.71 5,383.84
Total	4.297.15	6,025.64	2,326.49	16,723.09	22,062.55
Revenue from operations	4,297.15	6,025.64	2,326.49	16,723.09	22,062.55
2 Segment Results - Profit /(Loss) before tax, finance costs : a) Freight & Services b) Petrol Pump	280.82 10.97	258.74 10.86	(182.09) 11.97	955.34 35.63	1,118.71 53.41
Total	291.79	269.60 66.40	(170.12)	990.97 240.00	1,172.12
Less i) Finance costs ii) Other unallocable expenditure net off Unallocable income	77.87 150.03	98.76	104.22 (121.09)	459.84	348.67 414.03
Profit /(Loss) before tax	63.89	104.45	(153.25)	291.13	409.42
3 Segment Assets
a) Freight & Services b) Petrol Pump (c) Unallocated	7.521.89 297.16 2.949.11	8,513.35 296.72 3.197.96	6,323.90 263.12 2,714.70	7,521.89 297.16 2.949.11	6,323.90 263.12 2.714.70
Total	10,768.17	12,008.03	9,301.72	10,768.16	9,301.72
Segment Liabilities a) Freight & Services b) Petrol Pump (c) Unallocated	4.300.37 298.51 2,804.23	5,191.86 255.04 2.504.74	3.435.89 249.45 1,134.04	4.300.37 298.51 2.804.23	3,435.89 249.45 1,134.04
Total	7,403.11	7.951.64	4,819.38	7.403.11	4,819.38

CALKAT

		ABC INDIA LIMITED CIN-L63011WB1972PLC217415 REGD, OFF: P-10 NEW C.I.T ROAD, KOLKATA - 700 073, Phone: (033) 22371745/24614156, FAX: (033) 24614193 Email: vrmd@abcindia.com ; Website : www.abcindia.com
		Statement of Audited Assets and Liabilities as at 31st March, 2021.
				(₹In Lakhs)
SI. No.	Particulars		As at 31.03.2021	As at 31.03.2020
			(Audited)	(Audited)
A	ASSETS
$\mathbf{1}$	Non-current assets
	a) Property, plant and equipment		988.67	1,011.29 3.95
	b) Intangible Assets c) Right to use Assets		2 44 285.16	358.15
	d) Financial assets
	(i) Investments		738.93 188.23	412.26 178.64
	(ii) Other Financial Assets e) Deferred tax assets		$-00$	$-00$
	f) Other non-current assets		46,95	46.95
		Sub total- Non-current assets	2,250.37	2,011.24
$\overline{2}$	Current assets a) Inventories		69.25	44.46
	b) Financial assets
	(i) Investments (ii) Trade and other receivables		1,367.27 5,104.02	1,067.88 3,632.36
	(iii) Cash and cash equivalents		180.13	223.94
	(iv) Bank balances other than cash and cash equivalents		5.83 73.71	5.83 111.99
	$(v)$ Loans (vi) Other financial assets		1,400.54	1,262.39
	c) Current tax assets (net)		34.94	353.39
	d) Other current assets	Sub total- Current assets	282.11 8,517.79	588.23 7,290.48
		TOTAL-ASSETS	10,768.17	9,301.72
B	EOUITY AND LIABILITIES
$\mathbf{1}$	Equity
	a) Equity share capital		541.23	541.23 2,893.16
	b) Other equity	Sub total-Equity	2,901.79 3,443.03	3,434.40
	Liabilities
$\overline{c}$	Non-current liabilities a) Financial liabilities
	(i) Borrowings		576.39	473.61
	(ii) Lease Liability		44.12 0.76	76.64 0.68
	(iii) Other financial liabilities b) Provisions		152.45	165.36
	c) Deferred tax liabilities (net)		83.07	59.88
	d) Other non-current liabilities		88.91	155.61 931.78
		Sub total- Non-current liabilities	945.70
3	Current liabilities
	a) Financial liabilities (i) Borrowings		901.06	477.51
	(ii) Lease Liability		84.39	101.89
	(iii) Trade and other payables		3,924.21	3.272.55
	(iv) Other financial liabilities b) Other current liabilities		308,40 1,156.14	410.76 668.87
	c) Provisions		5.25	3.96
		Sub total- Current liabilities	6,379.45	4,935.54
		TOTAL-LIABILITIES	10,768.17	9,301.72

$\epsilon$

CASH FLOWS FROM OPERATING ACTIVITIES Profit before Tax Adjustments for Depreciation and Amortisation Expense Interest Income Dividend Income Finance cost Leave Encashment Gratuity (Profit) /Loss on sale of assets (Profit)/ Loss on sale of customer contracts (Profit)/ Loss from Partnership firm Liabilities no longer required written back Bad Debts, Advances, etc. written off Operating profit before working capital changes Adjustments for Changes in Working Capital: Trade receivables, loan and advances and other assets Inventories 'Trade payables, other liabilities and provisions Cash generated from operations Direct Taxes paid (net of Refunds) Net Cash Flows (Used in) Operating Activities CASH FLOWS FROM INVESTING ACTIVITIES B. Purchases of property, plant and equipment, intangible assets Sales of property, plant and equipment Realisation from sale of customer contracts Purchase of Non-current investment Capital (Deposit) / Withdrawn from Partnership firm Proceeds upon maturity of Fixed Deposits with Banks Capital Expenditure on fixed assets, including capital advances Investment in Fixed Deposits with Banks Interest received Dividend received Net Cash Flows (Used In) / From Investing Activities (CASH FLOWS FROM FINANCING ACTIVITIES Gc Repayment of short term borrowings (Net) Payment of Leases Repayment of long term borrowings (Net) Finance Cost Net Cash Flows From / (Used In) Financing Activities Net Changes in Cash and Cash Equivalents (A)+(B)+(C)	4,09,41,023 1,29,69,817 (50,85,115, 3,48,67,277 5,53,416 17,74,211
	(110,000) (2,91,558)
	-
	(29,944 (343,760)
	2,63,06,473
	11,15,51,841
	(8,99,83,370
	12,28,520
	10,98,54,696
	13,26,51,687
	(4,164
	(82,28,004
	34,04,385 =
	(34,88,499
	(3,57,61,841)
	(71,33,725, 2
	=
	29,12,609
	(4,84,13,194)
	(66,29,296 (32,11,929)
	3,32,43,726
Cash and Cash Equivalents as at 1 April	(28,77,070) 2,58,49,016
Round off
Cash and Cash Equivalents as at 31 March	2,29,71,945
Notes
The above Cash Flow Statement has been prepared under the "Indirect Method" as set out in the Indian 1. Accounting Standard (Ind AS-7) on Statement of Cash flows.
[Cash and cash equivalents do not include any amount which is not available to the Company for its use. 2.
Cash and cash equivalents as at the Balance sheet date consists of : BA
a) Cash and cash equivalents (Refer note no. 11)	2,23,93,952
b) Bank balance other than cash and cash equivalents (Refer note no. 12) ic) Book overdraft (Refer note no 20 (ii))
Total	5,82,577

a) Cash and cash equivalents (Refer note no. 11)	2,23,93,952
b) Bank balance other than cash and cash equivalents (Refer note no. 12)	5,82,577
ic) Book overdraft (Refer note no 20 (ii))
Total

ABC INDIA LIMITED

	ABC INDIA LIMITED
	CIN- L63011WB1972PLC217415 REGD. OFF : P-10 NEW C. .T ROAD, KOLKATA - 700 073, Phone: (033) 22371745/24614156, FAX: (033) 24614193 Email : vrmd@abcindia.com ; Website : www.abcindia.com
Notes: 1)	The above Audited financial results have been reviewed by the Audit Committee and thereafter the Board of Directors have approved the above results at their respective meetings held on 29th June,2021
2)	The figures for the quarter ended 31st March, 2021 & comesponding quarter ended 31st March, 2020 are the balancing figures between the audited year to date figures for the year ended 31st March and the unaudited published figures for the nine months ended 31st December of the respective financial years.
3)	'The Company carries out its business in two segments viz., Freight & Services and Petrol Pump .
4)	Exceptional and/or Extraordinary items adjusted in the Statement of Profit and Loss in accordance with Ind-AS Rules.
5)	Impact of Covid -19 World Health Organization (WHO) declared outbreak of Coronavirus Disease (COVID-19) a global pandemic on March 11, 2020. Consequent to this, Goverment of India declared lockdowns which has impacted the business activities of the Group during first quarter. Accordingly results are not comparable to previous year on account of restriction in business activities caused due to COVID-19 pandemic during the first quarter. As regards, the recoverability of assets and financial resources, performance o contractual liability & obligation, ability to service the liabilities, the company expects to full recovery of the carrying amounts of the assets and comfort in discharging its obligations.
8)	The Company had opted for new section 115BAA of the Income tax Act 1961 for reduced net Corporate Tax rate of 25.17% for the financial year 2019-20 ie. AY 2020-21 and have written off the available MAT credit accumulated in the financial statement amounting} to Rs 3.24 crores passed through retained eamings.
1)	The Board of Directors of the Company has recommmeded a dividend @ 5%( Rs 0.50 Paisa per Equity share) on the face value of Rs. 10/- each full paid up.
8)	The figures of previous periods / year has been regrouped / reclassified wherever necessary to make them comparable with those o' the current period / year.
	For and on behalf of the Board of Directors of
	ABC India Limited
	For BDS & Ca. Chartered Accountants AGARWA : Daily ageed by AGARWAL ASHISH eat Banga
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	Ashish Agarwal Managing Director Place of Signature : Kolkata DIN: 00351824 Date: 29th June, 2021

Independent Auditor's Report on Quarterly and Year to Date Audited Financial Results of the Company Pursuant to theRegulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015(as amended)

To The Board of Directors ABC India Limited

Opinion

We have audited the accompanying Statement of quarterly and year to date Financial Results of ABC India Limited ("the Company") for the year ended March 31, 2021 ("the Statement"), beingsubmitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (ListingObligations and Disclosure Requirements) Regulations, 2015, as amended ("the ListingRegulations").

In our opinion and to the best of our information and according to the explanations given tous, the statement:

• a. is presented in accordance with the requirements of the listing Regulations in this regard; and
• b. gives a true and fair view in conformity with the recognition and measurement principles laid down in the Indian Accounting Standards and other accounting principles generally accepted in India, of the net profit and other comprehensive income and other financialinformation of the Company for the quarter ended March 31,2021 and for the year ended March 31, 2021.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified underSection 143(10) of the Companies Act, 2013 ("the Act"). Our responsibilities under thoseStandards are further described in the Auditor's Responsibilities for Audit of the Financial Results for the year ended March 31, 2021, section of our report. We areindependent of the Company in accordance with the Code of Ethics issued by the Institute ofChartered Accountants of India (ICAI) together with the ethical requirements that are relevantto our audit of the Financial Results for the year ended March 31, 2021 under theprovisions of the Act and the Rules thereunder, and we have fulfilled our other ethicalresponsibilities in accordance with these requirements and the ICAI's Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basisfor our opinion.

Management's Responsibilities for the Financial Results

This Statement, which includes the Financial Results is the responsibility of theCompany's Board of Directors, and has been approved by them for the issuance. TheStatement has been compiled from the related audited financial statements forthe year ended March 31, 2021, and interim financial information for the quarter ended March31, 2021 being the balancing figure between audited figures in respect of the full financialyear and the audited year to date figures up to the third quarter of the current financial year.This responsibility includes the preparation and presentation of the Statement that give a trueand fair view of the net profit and other comprehensive income and other financial informationin accordance with the recognition and measurement principles laid down in the IndianAccounting Standards prescribed under Section 133 of the Act read with relevant rules issuedthereunder and other accounting principles generally accepted in India and in compliance withRegulation 33 of the Listing Regulations. This responsibility also includes maintenance ofadequate accounting records in accordance with the provisions of the Act for safeguarding theassets of the Company and for preventing and detecting frauds and other irregularities;selection and application of appropriate accounting policies; making judgments and estimate; are reasonable and prudent; and the design,

Branch Office : Mumbai, Bangalore, Guwahati, Murshidabad (WB) url : www.bharatds.com

implementation and maintenance ofadequate internal financial controls that were operating effectively for ensuring the accuracyand completeness of the accounting records, relevant to the preparation and presentation ofthe Financial Results that give a true and fair view and is free from materialmisstatement, whether due to fraud or error.

In preparing the Statement, the Board of Directors are responsible for assessing theCompany's ability, to continue as a going concern, disclosing, as applicable, matters relatedto going concern and using the going concern basis of accounting unless the Board of Directorseither intends to liquidate the Company or to cease operations, or has no realistic alternativebut to do so.

The Board of Directors are also responsible for overseeing the financial reporting process ofthe Company.

Auditor's Responsibilitics for the Audit of Financial Results

Our objectives are to obtain reasonable assurance about whether the financial results for the year ended March 31, 2021as a whole are free from material misstatement, whether due to fraud or error, and fo 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 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:

• e Identify 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 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.
• e 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 Companies Act, 2013, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls system in place and the operating effectiveness of such controls.
• e Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
• e Evaluate the appropriateness and reasonableness of disclosures made by the Board ofDirectors in terms of the requirements specified under Regulation 33 of the Listing regulations
• e Conclude on the appropriateness of management's 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 Company's ability 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 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 to cease to continue as a going concern.
• e Evaluate the overall presentation, structure and content of the financial results, including the disclosures, and whether the financial results represent the underlying transactions and events in a manner that achieves fair presentation.
• e Obtain sufficient appropriate audit evidence regarding the Financial Results of the Company to express an opinion on the Financial Results.

Materiality is the magnitude of misstatements in the financial results that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the financial results may be influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the financial results.

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

The Statement includes the results for the Quarter ended March 31, 2021 being thebalancing figure between audited figures in respect of the full financial year and thepublished unaudited year to date figures up to thethird quarter of the current financial year which were subjected to a limited review by us, as required under the Listing Regulations.

ForBDS & Co. Chartered Accountants Firm Registration No. 326264E targhk (Bharat D Sarawgee) Partner Membership No.: 061505 ee UDIN: ef 1061505 AAD ANN 8679.

Place: Kolkata Date:29"June, 2021

TEL : (033) 2461 4156/4157, FAX ; 91-33-24614193 = E-MAIL : cmd@abcindia.com, HOME PAGE: www.abcindia.com Y INDIA LIMITED

Date: 29" June, 2021

he Secretary, The Secretary, Phiroze Jeejeebhoy Towers, 7, Lyons Range, Dalal Street, Kolkata- 700 001 Mumbai — 400 001. Code — 520123 Code No.- 10011146

BSE Limited, The Calcutta Stock Exchange Ltd.,

Reg:- Declaration with respect to Standalone Audit Report with un-modified opinion

Pursuant to Regulation 33(3)(d) of the Securities & Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015, we hereby declare and confirm that the Statutory Auditors of the Company viz. M/s. B D S\$ & CO. Chartered Accountants, Statutory Auditors of the Company have not expressed any modified opinion(s) on the Audited Financial Results for the Financial year ended on 31* March, 2021.

Kindly take the above information on record.

Thanking You,

Yours faithfully,

For ABC India Limited

G Digitally signed by AGARWAL ASHISH \ f \ R DN c=IN, st=West Bengal, W 2.5.4 20=cS02fabeSobd561d31dS553960 725bcS0897 Sbob6E28eSSbEa3001 96847 BcBec, postalCode=700018, street=25 BALLYGUNGE PARK KARAYA, serial I Number=5i866964a74b7e3778e015: eaQdd26a742c7a850926eb' Sc78catsac '1fe7348c0, 0=Personal, cn=AGARWAL ASHISH, pseudonym=651 eff(d4414335197b1 tdd 7eta104a3 Date: 2021.06.29 16:52:46 +05'30'

Ashish Agarwal Managing Director DIN: 00351824