Aditya Spinners Ltd. — Interim / Quarterly Report 2021

Nov 9, 2021

Aditya

Telangana State ,

Tel Fax E-mail

CIN

Grams : "ADITYASPIN"

Spinners Limited

India

H.O. : aslhyd9@gmail.com Site : aslskht@gmail.com L 1 8 I 00AP 1 99 1PLC0r2337

6-3 -668 I l0l 66, Durganagar Colony, Punjagutta, Hyderabad - 500 082.

040 - 23404708 040 - 23404758

Date: 09.11.2021

To

The Deputy General Manager, Corporate Relationship Department, The Stock Exchange, Mumbai, l-" Floor, New Trading Ring, Rotunda Building, P.J.Towers, Daf al Street, Fort, Mumbai - 400 001. FAX:0222272312L

Dear Sir,

Sub:

• 1) Submission of Unaudited Financial Results for the Quarter and halfyear ended 30'n September,2O2! under Regulation 33 of SEB| (LODR) Regulations , 2OI5,
• 2l Outcome of Board Meeting under Regulation 30 of SEB| (LODR) Regulations , 2O'J,5

Ref: Scrip Code: BSE:521141

We wish to.inform you that the Board of Directors of the Company at its meeting held today i.e., on 09'" day of November, 2021, has inter-olia approved and recorded the Unaudited Quanerly Financial Results for the Quarter and half- Year ended 30.09.2021

Accordingly in terms of Regulation 33 of the SEBI (LODR) Regulations,2O'J.5, a copy of the Unaudited Quarterly Financial Results for the Quarter and half-year ended 30.09.2021. along with the Limited Review Report, dated 09.1-1..2021. issued by M/s T Mohan & Associates, Auditors, thereon is enclosed for your information and records.

The meeting commenced at 03:00 PM and concluded at 03:45 pM

This is for your information and record.

Thanking you,

Yours Faithfully For Aditya Spinners Limited

Managing Director DIN:00759568

Encl: a/a

Registered Office : Perindesam Village, K.V.B. Puram Mandal, Chittoor Dist. A.P.

ADITYA SPINNERS LIMITED (CIN NO:L40300AP1991PLC012337) REGD OFFICE: PERINDESAM VILLAGE, K.V.B. PURAM MANDAL NEAR SRIKALAHASTI, CHITTOOR DIST. A.P.

STATEMENT OF UN-AUDITED FINANCIAL RESULTS (PROVISIONAL) FOR THE QUARTER ENDED 30TH SEPT'2021

			Correspending 3 months ended 30/09/2020 Unaudited		Year to date for the period ended 30/09/2021 Unaudited	Year to date for the previous period ended 30/09/2020	(Rs.in Lakhs) 12 months ended 31.03.2021
		3 months ended 30/09/2021 Unaudited		Preceding 3 months ended 30/06/2021
				Unaudited		Unaudited	Audited
	1 Revenue from Operations(net)	1398.82	483.27	1050.49	2449.31	573.38	3340.92
	Other Income	18.30	0.34	0.09	18.39	1.07	55,58
	TOTAL REVENUE	1417.12	483.61	1050.58	2467.70	574.45	3396.50
	2 EXPENSES:
	a. Cost of materials consumed	605.82	214.42	450.55	1056.37	219.62	1395.42
	b. Changes in inventories of finished goods, work-in progress	75.47	(89.10)	(30.73)	44.74	(75.77)	(36.74)
	c. Employee benefits expense	223.58	122.31	189.12	412.70	212.74	676.61
	d. Finance Costs	40.47	66.01	44.85	85.32	82.48	181.72
	e. Depreciation and amortisation expense	47.00	48.00	47.00	94.00	96.00	188.41
	f. Other Expenses.	37-7-7-7-8	221.42	338.67	716.45	298.94	1043.40
	Total Expenses	1370.12	583.06	1039.46	2409.58	833.98	3448.82
	Profit Before Tax	47.00	(99.45)	11.12	58.12	(259.53)	(52.32)
	3 Tax Expense:
	a. For Current Year						2.44
	b. Deferred Tax	(5.00)			(5.00)		(12.34)
	4 Profit After Tax	52.00	(99.45)	11.12	63.12	(259.53)	(42.42)
	5 Other Comprehensive Income
	(i) Items that will not be reclassified to Profit or Loss						(8.72)
	(ii) Income Tax relating to the Items that will not be reclassified to Profit or Loss
B	(i) Items that will be reclassified to Profit or Loss						(26.46)
	(ii) Income Tax relating to the Items that will be reclassified to Profit or Loss
	Total Comprehensive Income for the period $6(4+5)$ comprising Profit/(Loss) and Other Comprehensive Income for the period	52.00	(99.45)	11.12	63.12	(259.53)	(77.60)
	7 Paid Up Share Capital
	No. of Shares	16740888	16740888	16740888	16740888	16740888	16740888
	Face Value per Equity Share	10,00	10.00	10.00	10.00	10.00	10.00
	Paid Up Equity Share Capital	167408880	167408880	167408880	167408880	167408880	167408880
8	Earnings per Equity Share (for continuing operations)
	Basic	0.31	(0.59)	0.07	0.38	(1.55)	(0.25)
	Diluted	0.31	(0.59)	0.07	0.38	(1.55)	(0.25)

Note:

1 The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on $109.11.2021$

2 Figures for the previous periods are re-classified / re-arranged / re-grouped, wherever necessary, as per the format revised by SEBI in conformity with the amended Schedule

3 The financial results of the Company are prepared in accordance with the Indian Accounting Standards notified by the MCA.

for ADITYA SPINNERS LIMITED

EJAY KUMAR MANAGING DIRECTOR

Place: HYDERABAD Date: 09.11.2021

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ADITYA SPINNERS LIMITED CIN:L40300AP1991PLC012337 REGD OFFICE: PERINDESAM VILLAGE, K.V.B. PURAM MANDAL NEAR SRIKALAHASTI, CHITTOOR DIST. A.P.

STATEMENT OF ASSETS AND LIABILITIES

PARTICULARS	UN-AUDITED AS AT AUDITED AS AT 30/09/2021	31/03/2021
ASSETS
Non-current assets
(a) Property, Plant and Equipment	3,511.48	3,592.29
(b) Deferred Tax Asset	447.03	442.03
(c) Financial Assets
- Other Financial Assets	101.41	80.00
Total Non - Current Assets (1)	4,059.92	4,114.32
Current assets
(a) Inventories	412.13	497.40
(b) Financial Assets
(i) Trade receivables	285.87	293.97
(ii) Cash and cash equivalents	2.67	6.88
(iii) Other Bank Balances(not specified in (ii) above	7.79	7.79
(iv) Loans	8.53	3.15
(c) Other current assets	97.14	149.37
Total Current Assets (2)	814.13	958.56
Total Assets (1+2)	4,874.05	5,072.88
EQUITY AND LIABILITIES
Equity
(a) Equity Share capital	1,674.09	1,674.09
(b) Other Equity	995.20	932.07
Total equity (1)	2,669.29	2,606.16
LIABILITIES
Non-current liabilities
(a) Financial Liabilities
(i) Borrowings	1,238.40	1,388.11
(ii) Others	15.13	15.14
(b) Provisions	62.24	103.88
Total Non - Current Liabilities (2)	1,315.77	1,507.13
Current liabilities
(a) Financial Liabilities
(i) Borrowings	393.32	473.78
(ii) Trade payables	64.35	79.50
(iii) Others	403.83	387.87
(b) Other current liabilities	27.49	18.44
Total Current Liabilities (3)	888.99	959.59
Total Equity and Liabilities (1+2+3)	4,874.05	5,072.88

pelon

$Q$

ADITYA SPINNERS LIMITED CIN:140300AP1 991 PLC01 2337

Cash flow statement for the year ended 30th September'2021

		Amount in
	Particulars	FOR THE PERIOD ENDED 30t09t2021		2021
	Flow From Operating Activities
	Net Profit before tax	5812670		(5232457)
	Adjustments for:
	Add: Depreciation	9400000		18841522
	Interest and Finance Charges ating Profit before Working Capital Changes	8532262		18171723
	in Working Capital	23744932		3 1 780788
	(lncrease) / decrease in Inventories	8526418
	- (lncrease) / decrease in Other Bank Balances			(3141657) (737694)
	- (lncrease) / decrease in Trade Receivables	0 809898		5090238
	- Increase / (decrease) in Current Liabilities	(1 51 4350)		3869996
	- Increase / (decrease) in Current Assets	(53752?\		480066
	Cash Flow from Operating Activities		31029375		37341737
	Flow from Invesing Aclivities:
	Inflow/(Outflow)
	Net Purchase of Fixed Assets	(1 31 8371 )		(6291 6385
	(lncrease) / decrease other non current financial assets	3081 673		5455555
			1763302		(57460830)
	Flow From Financing Activities:
	Inflow/(Outflow)
	(Repayment) from Non-current Borrowing	(1 91 351 46)		21878174
	Increase / (Decrease) in current borrowings Interest Paid	(5546488)		1477900
	Net Cash Flow from Financing Activities	(8532262)		(1 987401 3)
	Net lncrease / (Decrease) in Cash and Cash Equivalents:		(3321 38s6) (421219)		3482062
					(1 6637031 )
	and Cash Equivalents at the beginning of the year		688275		I zJosc
	and Cash Equivalents at the close of the year		267056		(1 591 31 96)
			For and on behalf of the Board
	In terms of our report attached		ADITYA SPINNERS LIMITED
For TMohan&Associates		N KRISHNA MOHAN
Chartered Accountants		DIRECTOR
	(Firm Regn. No. 0124825)
Mohan Reddy T
Partner		P VENKATA SUBBA RAO		P RAMAMOORTHY
M.No 239635		COMPANY SECRETARY		CHIEF FINANCIAL OFFICER
Date :	Place : Hyderabad

INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM STANDALONE FINA}ICIAL RESULTS

TO THE BOARD OF DIRECTORS OF M/S ADITYA SPINNERS LIMITED

We have reviewed the accompanying statement of unaudited financial results of Ms ADITYA SPINNERS LIMITED (the "Company"), forthe quarter and half year ended September 30,2021, being prepared by the company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended.

The preparation of this statement in accordance with the recognition and measurement principles laicldown in Indian Accounting Standard 34, Interim Financial Reporting ("[ND AS 34"), prescribed under section 133 of the companies act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in tndia is the responsibility of the company's management and has been approved by the Board of Directors of the Company. Our responsibility is to express a conclusion on the Statement based on our review

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 financial statements are 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.

Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results prepared in accordance with applicable accounting standards and other recognized 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.

Emphasis of Matter

We draw your attention to note no.5 dealing with uncertainties thrown up as a consequence of COVID ¹⁹ pandemic, management's assessment of impact on financial reporting and future operations of the company and the remedial measure put in place to mitigate adverse effects. However, the actual impact of COVID-19 on the financial statements may differ from that estimated.

Our conclusion is not modified in respect of this matter'

Place: Hyderabad

FoTTMOHAN&ASSOCIATES Chartered Accountants FR lrtro. 0124825

MOHAN REDDY T Partner Membership No. 239635 UDIN : 21239635 A AAAF J4944