Ador Welding Ltd. — Earnings Release 2021

Nov 13, 2021

AWL/SEC/SE/2021-22 13'" November, 2021

01" Floor, Dalal Street, Bandra-Kurla Complex, Fort, Bandra (East), Mumbai - 400 023. Mumbai - 400 051. Company Scrip Code: 517041

BSE LTD. NATIONAL STOCK EXCHANGE OF INDIA LTD. Phiroze Jeejeebhoy Towers, Exchange Plaza, C - 1, Block G, Company Scrip Code: ADORWELD

Dear Sir / Madam,

Sub: Submission of copies of newspaper publication under Regulation 47 (1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Pursuant to the provisions of Regulation 47 (1) of SEBI (Listing Obligations and Disclosure Requirements} Regulations 2015, we are enclosing herewith copies of newspaper advertisements, regarding extract of Unaudited Financial Results (Standalone & Consolidated) for the quarter & half-year ended 30" September, 2021, published by the Company in the following Newspapers:-

• ® Business Standard (English) e Mumbai Sakal (Marathi)

We hereby request you to take this on your record and acknowledge its receipt.

Thanking you,

Yours Sincerely,

ea WELDING LIMITED

WE VINAYAK M. BHIDE

COMPANY SECRETARY & COMPLIANCE OFFICER Encl.: As above

ADOR WELDING LIMITED Regd. & Corporate Office: Ador House, 6, K. Dubash Marg t, Mumbai - 400 001 +91 22 66239300 | www.adorwelding.com 3 CIN: L70L00MH1951PLC008647 % 1800 233 LO71 | Ecare@adorians.com | ©+91 20 40706000

ADOR WELDING LIMITED

Mm Regd. Office: Ador House, 6, K. Dubash Marg, Fort, Mumbai - 400 001-16. Maharashtra, India. Tel: +91 22 66239300 / 22842525 | Fax: +91 22 22873083 E-mail - investorservices@adorians.com | Website- www.acorwelding.com

EXTRACT OF STANDALONE FINANCIAL RESULTS FOR QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2021 '

	ADOR		WELDING		LIMITED
	seado Regd. Office: Ador House, 6, K. Dubash Marg, Fort, Mumbai - 400 001-16. Maharashtra, India. Mm	Tel: +91 22 66239300 / 22842525			Fax: +91 22 22873083
	E-mail - investorservices@adorians.com		CIN : L70100MH1951PLC008647		Website- www.acorwelding.com
	EXTRACT OF STANDALONE FINANCIAL RESULTS FOR QUARTER AND
				HALF YEAR ENDED 30 SEPTEMBER 2021		'
	Particulars						iRspinJakhs)
		30-Sep-21	Quarter ended 30-J un-21	H 30-Sep-20	Half year ended 30-Sep-21	30-Sep-20	Year ended 31 March 2021
				(Unaudited)			(Audited)
	Revenue from operations	15,951	12,788	9,578	28,738	15,064)	" 44,728
	Other income	134 16,085	159 12,947	56 9,634	293 29,032	317 15,381	731 45,459
	Total income Profit/{Loss) before exceptional items and tax 3 Exceptional items (net) gain / (loss)	1,057 715	908 -	(878) -	1,965 716	(903) -	969 (2,537) :
	(Refer note 6) Profit(Loss} before tax	1,772	908	(878)	2,680	(903)	(1,568)
	Nat profit/(loss) after tax	4,464	675	(640)	2,138	(674)	(1,199)
	Total comprehensive income/(loss) for the	1,386 }	675	(635)	2,061	(669)	(1,147)
	period (after tax) : Equity share capital Other equity (excluding revaluation reservi	1,360 =	41,360 a	1,360 =	1,360 a	1,360 -	1,360 22,383
4	Rs. Nil} Earnings per share (EPS) (net of tax} {in Rs.)
	Basic and diluted EPS (not annualised) (of Rs. 10/- each) i :	10.76	4.96	(4.71)	45,73		(8.82)
	EXTRACT OF CONSOLIDATED FINANCIAL RESULTS FOR QUARTER AND	HALF YEAR ENDED 30 SEPTEMBER 2021
	Particulars						(Resinilakhs)
		30-Sep-21 ©	Quarter ended 30-Jun-21	30-Sep-20	Half year ended 30-Sep-21	30-Sep-20	lYear ended 31 March, 2021

	Particulars						(Resinilakhs)
		Quarter ended			Half year ended	lYear ended
		30-Sep-21 ©	30-Jun-21	30-Sep-20	30-Sep-21	30-Sep-20	31 March, 2021
				(Unaudited)			(Audited)
	Revenue from operations	15,951	' 42,788	9,595	28,739	15,086	44,768
	Other income	4137	161	57	298	Re g24	738
	Total income	16,088	12,949	9,652	29,037	15,407	45,507
	Profit/(Loss) before exceptional items and tax)	1,057	908	(859)	1,985 _	(881)	991
	Exceptional items (net) gain / (loss) (Refer note 6}	715	-	-	715	-	(2,397)
	Profit/(Loss) before tax	1,772	908	(859)	2,680	(881)	(1,406)
	; Net profit/(loss) after tax	1,464	675	(564)	2,139	(582)	(1,038)
	8 - Total comprehensive income/(lass) for the period (after tax)	1,386	675	(559)	2,061	(577)	(986)
	Equity share capital	1,360	1,360	1,360 -	1,360 -	1,360 -	41,360 22,394
	Other equity (excluding revaluation reserve		-
	Rs, Nil}
	Earnings per share (EPS) (net of tax) {in Rs.)		'
	Basic and diluted EPS (not annualised)	10.76	4.96	(4.15)	18.73	(4.28)	(7.63)
	(of Rs. 10/- each)
Notes:
1	The above financial results have been reviewed by the Audit Committee and then approved by the Board of Directors at their respective
	meetings held on 12 November 2021.
	The above financial results have been ptepared in accordance with Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable.
	The limited review, as required under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, has been completed by the Statutory Auditors.					a
	In the current quarter, Company operations are at normalcy and there is no impact of pandemic on the company's financials for the quarter
	and six months period ended 30 September 2021. The Management is continuously monitoring the current COVID-13 developments and
	possible effects that may result from the current pandemic on it's financial conditions, liquidity, operations and actively working to minimise the impact of this unprecedented situation.
	During the previous year, the Company had entered into a Memorandum of Understanding (MOU) for the sale/transfer of its leasehold rights in Ahmednagar property admeasuring 66,108 square meters, on "as is where is basis", for a consideration of Rs. 1,462 lakhs, which was
	duly approved by the Board. The Company have received Rs. 950 lakhs as advance against the said transaction as on date. This transaction
	is likely to be completed by December 2021, as approval for the transfer Is awaited from Maharashtra Industrial Development Corporation
	{MIDC), hence the same has been shown as 'Assets classified as held for sale'. Aiso, during this quarter ended 30 September 2021, the
	Company has entered inta agreement / MOU for sale. of 3 flats situated at Silvassa having WDV of Rs. 21 lakhs for a sale consideration of
	Rs. 69 lakhs, hence the same is classified from 'ownership premises' to 'Assets classified as. held for sale".
	Exceptional items for the Quarter ended 30 September 2024, represent profit from sale of Delhi (Nairaina) property of Rs. 715 Jakhs.
	Exceptional items for the year ended 31 March 2021 were as follows:-
	-						(Rs. in lakhs)
	; Particulars			"	Standalone		Consolidated
	Provision for diminution in the value of investment in its 100% subsidiary "Ador Welding					140
	Academy Private Limited"					848	848
	Provision against doubtful receivables from various tax authority against the VAT/ CST
	assessment } Provision for doubtful debts and Bad debts written off					1,549	1,549
				Total		2537	2,397

Notes:

-		(Rs. in lakhs)
" Particulars ;	Standalone	Consolidated
Provision for diminution in the value of investment in its 100% subsidiary "Ador Welding Academy Private Limited"	140
Provision against doubtful receivables from various tax authority against the VAT/ CST assessment }	848	848
Provision for doubtful debts and Bad debts written off	1,549	1,549
Total	2537	2,397

The Board, at its meeting held on 28 May 202t, has approved the Scheme of Amalgamation (merger by absorption) of Ador Welding Academy Private Limited ("Transferor Company") with Ador Welding Limited ('Transferee Company' or "the Company"). The Management has filed the scheme of amalgamation with the National Company Law Tribunal (NCLT). Statutory approval ef Mumbai Bench of Naiionai Company Law Tribunal (NCLT) is pending, hence no adjustment has been made in tha books of account of the Company and in the standalone financial results upto all periods ending 30 September 2021. ;

The above is an extract of the detalied férmat of Standalone and Consolidated Financial Results for the quarter ended 30 September 2021 fited with the National Stock Exchange of India Limited and BSE Limited under Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015. The full format of Standalone and Consolidated Financial Results for the quarter ended 30 September 2021 is available on the Stock Exchange websites at www.nseindia.com and wwiw.Dseindia.com as well as on the Company website at www.adorwelding.com. ;

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For ADOR WELDING LIMITED A. T. MALKANI

ADOR WELDING LIMITED

EXTRACT OF STANDALONE FINANCIAL RESULTS FOR QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2021

	ADOR #eador		WELDING		LIMITED
	Regd. Office: Ador House, peace of mind" Tel: +91 22 662	6, K. D
	E-mail - investorservices@<¢			0100MH1951PLC008647		Website- www.adorwelding.com
	EXTRACT OF STANDALONE FINANCIAL RESULTS FOR QUARTER AND	HALF YEAR ENDED 30 SEPTEMBER 2021
Sr.	Particulars	5	Quarter ended	&	Half year ended		(Rs. in lakhs)
				30-Sep-21 30-Jun-24 soSep-20 30-Sep-21 30-Sep-20 'auci""
		\		(Unaudited)			(Audited)
1 2	Revenue from operations Other income	15,951 134	12,788 159	9,578 56	28,739 293	15,064 317	44,728 731
3	Total income	16,085	12,947	9,634	29,032	15,384	45,459
4)	Profit/(Loss) before exceptional items and tax 6 Exceptional items (net) gain / (oss) (Refer note 6)	1,057 718	908 -	(878) -	1,965 715	(903) -	969 (2,537)
	6 Profit/(Loss) before tax	1,772 i	908	(878)	2,680	(903)}	(1,568)
8	7 Net profit{loss) after tax Total comprehensive income/(loss) for the period (after tax)	1,464 1,386	675 675	(640) (635)	2,139 2,061	(674) } (669)	(1,199) (1,147)
9 10)	Equity share capital Other equity (excluding revaluation reserve	1,360 -	1,360 -	1,360 -	1,360 -	1,360 -	4,360 22,383
11	Rs. Nil} Earnings per share (EPS) (net of tax) eit Se (in Rs.}	RCP	Naa	Heel eae tae	as	\
	Basic and diluted EPS (not annualised) (of Rs. 10/- each)	10.76	4,96	(4.71)	16.73.	(4.96)	(8.82)
	EXTRACT OF CONSOLIDATED FINANCIAL RESULTS FOR QUARTER AND	HALF YEAR ENDED 30 SEPTEMBER 2021
Sr.)	Particulars						(Rs. in lakhs)
No. No.			Quarter ended	30-Sep-21 20-Jun-21 30-Sep-20 30-Sep-21 30-Sep-20 agai	Half year ended		Year ended) (Year ended

EXTRACT OF CONSOLIDATED FINANCIAL RESULTS FOR QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2021

Sr.)	Particulars						(Rs. in lakhs)
No.			Quarter ended		Half year ended		(Year ended
			30-Sep-21 20-Jun-21 30-Sep-20 30-Sep-21 30-Sep-20 agai
				(Unaudited)			(Audited)
	1 Revenue from operations	15,951	12,788	9,595	28,739	15,086	44,768
2	Other income	137	164	57	298	321	739
3]	Total Income	16,088	12,949	9,652	29,037	15,407	45,507
4] 5	Profit/(Loss) before exceptional itams and tax Exceptional items (net) gain / (loss) (Refer note 6)	1,057 715	908 *	(859) -	1,965 715	(881) -	991 (2,397)
6	Profit/(Loss) before tax	1,772	908	(859)	2,680	(881)	(1,408)
	7 Net profit/(loss) after tax	1,464	675	(564)	2,139	{582})	(1,038)
8]	Total comprehensive income/(loss) for the period (after tax)	1,386	675	(559)	2,061	{577}	(986)
9	Equity share capital	1,360	1,360	1,360	1,360	1,360).	1,380
10]	Other equity (excluding revaluation reserve Rs. Nil)	te	-	-		-	22,394
11]	Earnings per share (EPS) (net of tax}
	{in Rs.} Basic and diluted EPS (not annualised) (of Rs. 10/- each)	' 10.76	4.96	(4.15)	15.73	(4.28)	{7,63}
Notes:
41	The above financial results have been reviewed by the Audit Committee and then approved by the Board cf Directors at their respective meetirigs held on 12 November 2021.
2	The above financial results have been prepared in accordance with Companies (Indian Accounting Standards) Rules, 2015 (ind AS) prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable.
	3: The limited review, as required under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, has been completed by the Statutory Auditors.
4	In the current quarter, Company operations are at normalcy and there is no impact of pandemic on the company's financials for the quarter and six months period ended 30 September 2021. The Management is continuously monitoring the current GOVID-19 developments and possible effects that may result from the current pandemic on it's financial conditions, liquidity, operations and actively working to minimise the impact of this unprecedented situation.		!
a	During the previous year, the Company had entered into a Memorandum of Understanding (MOU) for the sale/transfer of Its leasehold rights in Ahmednagar property admeasuring 66,108 square meters, on "as is where is basis', for a consideration of Rs. 1,462 lakhs, which was duly approved by the Board. The Company have received Rs. 950 lakhs as advance against the said transaction as on date. This transaction is likely to be completed by December 2021, as approval for the transfer is awaited from Maharashtra Industrial Development Corporation {MIDG), hence the same has been shown as 'Assets classified as held for sale'. Also, during this quarter ended 30 September 2021. the Company has entered into agreement / MOU for sale of 3 flats situated af Silvassa having WDV of Rs, 21 lakhs for a sale consideration of Rs. 69 lakhs, hence the same is classified from 'awnership premises' to 'Assets classified as held for sale".
6	Exceptional items for the Quarter ended 30 September 2021, represent profit from sale of Delhi {Nairaina) property of Rs. 715 lakhs.
	Exceptional items for the year ended 34 March 2021 were as follows:-						{Rs. in lakhs}
	Particulars ;				Standalone		Consolidated
	Provision for diminution in the value of investment in its 100% subsidiary "Ador Welding Academy Private Limited"					440	:
	Provision against doubtful receivables from various tax authority against the VAT/ CST assessment e ;					848	848
	Provision for doubtful debts and Bad debts written off				41,549		1,549

Rs. Nil)
11] {in Rs.} (of Rs. 10/- each)	Earnings per share (EPS) (net of tax} Basic and diluted EPS (not annualised)	' 10.76	4.96	(4.15)	15.73	(4.28)	{7,63}
Notes:
41	The above financial results have been reviewed by the Audit Committee and then approved by the Board cf Directors at their respective meetirigs held on 12 November 2021.
2	The above financial results have been prepared in accordance with Companies (Indian Accounting Standards) Rules, 2015 (ind AS) prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable.
	3: The limited review, as required under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, has been completed by the Statutory Auditors.
4	In the current quarter, Company operations are at normalcy and there is no impact of pandemic on the company's financials for the quarter and six months period ended 30 September 2021. The Management is continuously monitoring the current GOVID-19 developments and possible effects that may result from the current pandemic on it's financial conditions, liquidity, operations and actively working to minimise the impact of this unprecedented situation.		!
a	During the previous year, the Company had entered into a Memorandum of Understanding (MOU) for the sale/transfer of Its leasehold rights in Ahmednagar property admeasuring 66,108 square meters, on "as is where is basis', for a consideration of Rs. 1,462 lakhs, which was duly approved by the Board. The Company have received Rs. 950 lakhs as advance against the said transaction as on date. This transaction is likely to be completed by December 2021, as approval for the transfer is awaited from Maharashtra Industrial Development Corporation {MIDG), hence the same has been shown as 'Assets classified as held for sale'. Also, during this quarter ended 30 September 2021. the
	Company has entered into agreement / MOU for sale of 3 flats situated af Silvassa having WDV of Rs, 21 lakhs for a sale consideration of Rs. 69 lakhs, hence the same is classified from 'awnership premises' to 'Assets classified as held for sale".
6	Exceptional items for the Quarter ended 30 September 2021, represent profit from sale of Delhi {Nairaina) property of Rs. 715 lakhs.
	Exceptional items for the year ended 34 March 2021 were as follows:-						{Rs. in lakhs}
Particulars	;				Standalone		Consolidated
	Provision for diminution in the value of investment in its 100% subsidiary "Ador Welding				440		:
Academy Private Limited"	Provision against doubtful receivables from various tax authority against the VAT/ CST				848		848
assessment	e ; Provision for doubtful debts and Bad debts written off				41,549		1,549
		f		Total	2,537		2,397
	7 The Board, at its meeting held on 28 May 2021, has approved the Scheme of Amalgamation (merger by absorption) of Ador Welding Academy Private Limited ("Transferor Company") with Ador Welding Limited ("Transferee Company" ar "the Company"). The Management has filed the schame of amalgamation with the National Company Law Tribunal (NCLT). Statutory approval of Mumbai Bench of National Company Law Tribunal (NCLT) is pending, hence no adjustment has bean made in the books of account of the Company and in the standalone financial results upto all periads ending 30 September 2021. & The above is an extract of the detailed format of Standalone and Consolidated Financial Results for the quarter enced 30 September 2021 filéd with the National Stock Exchange of India Limited and BSE Limited under Regulation 33 of the Securities and Exchange Beard of India (Listing Obligations and Disclosures Requirements) Regulations, 2015. The full format of Standalone and Consolidated Financial Results for tha quarter ended 30 September 2021 Is available on the Stock Exchange websites at www.nseindia.com and www.bselndia.com as well
	as on the Company website at www.adorveiding.com.
						For ADOR WELDING LIMITED	A. T. MALKANI

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