AGI GREENPAC LIMITED — Interim / Quarterly Report 2021

Jan 28, 2021

SOMANY IMPRESA GROUP COMPANY

ISIL

NEAPS/BSE ONLINE

28[th ] January, 2021

The Corporate Relationship Dept., BSE Ltd., Phiroze Jeejeebhoy Towers, 1 [st ] Floor, New Trading Ring Rotunda, Dalal Street, Mumbai - 400 001

The Secretary, National Stock Exchange of India Ltd., Exchange Plaza, 5th Floor, Plot No. C/1, G-Block Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051

Dear Sir/Madam,

Sub: Un-audited Financial Results and Limited Review Report for the third quarter and nine months ended 31[st ] December, 2020

In compliance with the requirements of Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we have enclosed herewith Un-audited Financial Results for the third quarter and nine months ended 31[st ] December, 2020 including Segment wise Revenue, Results and Capital employed of the Company, duly recommended by the Audit Committee and subsequently considered and approved by the Board of Directors in their meeting held on Thursday, 28[th ] January, 2021 along with the Limited Review Report of the Statutory Auditors thereon.

The Meeling of Board of Direclors commenced at 3:00 p.m. and concluded at 3:50 p.m.

This is for your reference and record.

For HSIL Limited

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(Pulkit Bhasin) Company Secretary

Name: Pulkit Bhasin Address: 301-302, 3 Floor, Park Ccntra, Sector-30, Gurugram-122001 rd Membership No.: 27686

Encl: As above

HSIL Limited

Corporate Office: 301-302, 3'" Floor, Park Centra, Sector-30, NH 8, Gurugram, Haryana-122 001, India. T. +91 12L, 477 9200 Registered Office: 2, Red Cross Place, Kolkata-700001, Wesl Bengal, India. T. +91 33-22487407/5668 hsilinvestors@hsilgroup.comIwww.hsilgroup.com I CIN: L.51433WB1960PLC024539

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GARDEN POLYMERS

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HSIL LIMITED

REGO. OFFICE: 2, RED CROSS PLACE, KOLKATA-700 001

				HSILLIMITED REGO. OFFICE: 2, RED CROSS PLCE, KOLKATA-700 001	HSILLIMITED REGO. OFFICE: 2, RED CROSS PLCE, KOLKATA-700 001	HSILLIMITED REGO. OFFICE: 2, RED CROSS PLCE, KOLKATA-700 001	HSILLIMITED REGO. OFFICE: 2, RED CROSS PLCE, KOLKATA-700 001	HSILLIMITED REGO. OFFICE: 2, RED CROSS PLCE, KOLKATA-700 001	HSILLIMITED REGO. OFFICE: 2, RED CROSS PLCE, KOLKATA-700 001	HSILLIMITED REGO. OFFICE: 2, RED CROSS PLCE, KOLKATA-700 001	HSILLIMITED REGO. OFFICE: 2, RED CROSS PLCE, KOLKATA-700 001	HSILLIMITED REGO. OFFICE: 2, RED CROSS PLCE, KOLKATA-700 001	HSILLIMITED REGO. OFFICE: 2, RED CROSS PLCE, KOLKATA-700 001
PART I STATE S.No.	Website: w .hsllgroup.com MENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARER A Particulars			Email: hsillnvestors@hsilgroup.com CIN : l1433WB1960PLC024S39 TEL:033-22487407/5668 ND PERIOD ENDED 31S DECEMBER 2020 (' incmn) Corresponding 3 Year to date figures Year to date figures 3 months ended 3 months ended for the 31st December 202030h Septembr 20l0 months ended for current peri: Correponding period Vear ended 31st December 2019 ended 31st March 2020 31st Decembr 220 ended 31st Dcember 2019 (Unaudited! {Unaudited) (Unaudited) (Unaudited) (Unaudited I (Audited) 541.4 426.35 489.11 1,219.3 1,398.0 1,859.07 6 11 12.90 5.08 2�.95 13.20 20.30
					3 months ended 31st December 2020		3 months ended 30h Septembr 20l0		Corresponding 3 months ended 31st December 2019
					(Unaudited! {Unaudited)				(Unaudited)	(Unaudited) 1,219.3 2�.95	(Unaudited I 1,398.0 13.20		(Audited) 1,859.07 20.30
I IJ Ill	Revenue from operations Other income Total Income(1+11)				541.4 426.35 6 11 12.90				489.11 5.08
					57.S 215.63 15.82 62.4 18.63 30.99 78.11 74 90	S	439.25		494.19	1,24.33	1.411.24		1,879.37
IV I ~~I~~	f)penses a) Cost of materials cons b) Purchases of stock·in· c) Changes in inventorie d) Employee benefits ex el Finance cost f) Depreciation and amo c) Power and fuel h) Other e1penses	~~.~~ umed trade s of finished goods, stock-in-trade and work-in-progress pense rtization expense				3	176.15 (10.0} 53.85 19.11 2480 70.13 71.95		197.48 33,10 (36.71) 56.44 17.52 32.31 90.36 **79.18 **	48,.0 C•.01 (11.98) 15€.19 56.97 91.28 20:_53 ]9.1	56.48 33.4 4 (80.23) 176.35 55.07 107.43 270.31 220.99		725.67 46.03 (81.90) 227.4 73.48 142 88 352.28 318.45
	Total expenses (IV)				496.5	1	40.9(		469.68	1,18.20	1,343.8		1,80.37
V	Proft/(Loss) before exceptional items		and ta•(Ill-IV)		51.0	8	33.35		24.51	5.13	67.40		75.00
VI VII VIII	hceptional Jtem less: Transfer from business reconstru		ction reserve						24.51				(14.0) 14.00
	Proflt/(loss) before tx				51.0	8	33.35			5.13	67AO		75.00
	Ta• expense a) Current tax b) Minimum alternative tax c) Earlier year income tax (refer n d) Deferred tax charge/(benefit) Tax expnses (VIII)		ote 3)		9.27 (5.81) (0.0) 11.70 15.16 35.92		1.61 (1.61) 114.71) 11.59 {3.12)		4.30 (4.30) 8 81 8.61	W88 (7.42) (l�.71) 14.34 3.09	11.98 (ll.98) 22.38 22.38 45.02		12.94 (12.9) 26.58 26.SS 48.42
IX X XI XII	Proftflo ) forthepriod(VII • VIII)						36.47		15.70	ss.o
	Othercomprehensive income (net of tax) {A)(i) Items that will not be reclassified to profit or loss (ii) Income tax relatng to items that will not be redassified to profit or kss Total other comprehensive income (X) ~~I~~ Total comprehnsive Income for the period (IX+X) Earnings before interest, tax, depreciation and amortization (EBITDAl (V+IV (el+IV(f))		tax) to profit or loss t will not be redassified to profit or kss ) ~~I~~		(023) 0.0 (0.15		(0.24) 0.08 (0.16)		(0.24) o.oa (D.16)	(0.70) D.24 C0.4)	(0.70) 0 24 **(0.46) **		(11.511 4.02 (7.49)
					35.77 10.70		36,3 77.2	1 6	15.5 74.34	5.5 20.38	44.5 229,9	6 0	40,93 291.36
XIII	Paid-up equity share capital {face value � 2/· per shar•) (refer note no. 6) orher equity (excluding revaluation resene} Earnings per shre: (of, 2/· each) (not annualized) (refer note no. 6) (a) Basic (�) (b) Diluted(�)				12.94		14.4	6	14.46	129	14,4	6	14.46
XIV x					5.0 5.0		5.0 5.0	5 5	2.17 2.17	7.78 7.7B	6.2 6.2		96.65
												3 6.65 3 6.65

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PARTII

	Segment wise revenue, results, asset and liabilities	('in corl	('in corl	('in corl	('in corl
1	Paricular	3 months ended 3 months ended 31st December 202030h Sptember 2020	Corresponding 3 months ended 31st December 2019	Year to date figure for current period ended 31st December 2020	Vear to date figures for the Crresponding priod Year ended 31st March 2020 ended **31stDecember 2019 **
	. Sgment rewenue from operation: a) Packaging produc,s b) Building products c I Others Total Less: Inte segment re\enue Total inome from operations	(Unaudited) (Unaudited)	(Unaudited}	(Unaudited)	(Unaudited) (Audited)
		361,01 288,60 17943 137,47 2.69 1.99 53.13 428.06 1.65 1,71 541.48 426.35	313.51 138.26 37,34 489.ll 489.11	840.47 376.81 5.4S 1,222.7� 3.3S 1,219.38	923,45 1,241.51 429.27 610.16 45.32 12.79 1,398.0 1,86.41 5.3� 1,98.0 1,859.07
2	Segment results: Profit(+)/ loss(-) (before tax and interest from each segment) a) Packaging products b) Building products c I Others Total profit before unallocable expenditure Les5 i} Finance costs ii)Cther un-allocable expenditure/{lncome) net off un-alloable income Total Profit/(Loss) before tax	63.59 41.12 9 62 6.73 (0,09) (0,01) 73.12 47.84 18.63 19.ll 3.41 {4.62) 51.0B 33.35 1,707.5] 1,656.28 l.,089.56 1,055.24 24.01 22.39 6.86 120.94 2,885.9 2,85.85 941,34 931.57 714.14 655.42 8.15 5.74 10.78 8.38 1,674.41 1,601.11	44.59 5.13 11.011 48.65 17.52 6.62 24.51	121.71 (5,9') (0.0E.) 11.69 56.9] 0.53 5.H	117.98 153.46 24 03 29,86 0.43 1.18 142.44 174.SC 55.07 73.4f 19,97 26,01 67.40 75.0(
3	Segment assets a) Packaging products b) BuHding producs cl Others d) Unaliocated Total Segment liabilities a) Packaging products b) Building products c) Others d) Unallocated Total	1,707.5] l.,089.56 24.01 6.86 2,885.9 941,34 714.14 8.15 10.78 1,674.41	1,61.03 1,147.05 22.20 143.56 2,993.8 998.33 705.19 8.14 7,67 1,719.33	1,707.51 1,61.03 1.655,77 1,089.56 1,147.05 1,087.52 24.01 22.20 21.42 6.66 143.56 103.6 2,885. 2,993.8 2,868.35 941 . . 998.33 961,61 714.14 705.19 634,16 8.15 8,14 6.97 10,78 7.67 8 77 1,674.41 1,719.33 1,611.51

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Notes:

• (1) The above financial results of HSIL Limited ("The Company") for the quarter ano period ended 31st December 2020 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 28th January 2021.

• (2) To restrain the wide spread of COVID-19 pandemic in India, the Government of India declared lockdowns which Impacted the business activities of the Company during first half of the financial year 2020-2021. Accordingly results of nine months ended on 31st December 2020 are notcomrarable with r.orresponding nine months ended on 31st December 2019, on account of restric.bn in business activities.

• (3) Other income for the quarter and period ended 31st December 2020 include,: Nil and" 8.05 crore respectively being interest on the income ta• refund. Earlier year income ta represent liability no longer required and written back� 14.71 crore.

• (4) Based on technical assessments carried out by technical experts in line with usage & practices, the Company had during the quarter ended 30th September 2020 revised the useful life of certain class of Property, Plant and Equipment. The aforesaid revision in useful life had been given effec; from 1st April 2020, and accordingly depreciation for quarter and period en-:�d 31St December 2020 is lower by,: 5.91 crore and" 16.83 crore respectively.

• (5) The fire incident at company's Bhongir unit eneaged in manufacturing of container glass, a part of packaging product division was reported in quarter ended 31st March,2020 against which a claim was filed and company has received an interim payment of 13.50 crore. The unit is covered by insurance including Reinstatement Value ("RIV") & Loss of Profit ("LOP") clause. The estimated WDV value of one machinery which was fully damaged by the fire and cost of restoration of other machines totalling to" 20.49 crore has been provided against claim receivable towards value of assets on RIV basis. Also the company had raised an interim claim towards LOP amounting to" 7.66 crore based on provisional assessment of LOP till the quarter ended 31st March, 2020. Considering prud<ence the management has decided not to account for any additional amount for the subsequent quarter on account of LOr pending final assessment. The insurance company is still in process of assessing the loss, The company will recognize and adjust the balance value of claims, upon final agreement towards assessment & settlement of claims with Insurance Company. In the opinion of management there will not be any material adverse impact on this account on the state oi affairs and result of the company.

• (6) Pursuant to the Buyback Offer dated 21st September 2020, the Company, has bought back 75,99,014 Equity Shares upto period ended 31st December, 2020. As a result, the Paid-up Capital of the Company stands reduced from" 14.46 crore to� 12.94 crore.(including 2,53,659 Equity Shares of" 2 each e•tinguished on 1st January 2021)

• Further the Board of Directors of the Company in its meeting held on 30th December 2020 had decided to close the Buyback with etfect from closing hours of 31st December 2020.

• (7) The previous period/year figures have been rearranged /regrouped, whenever considered necessary.

• (8) The statutory auditors of the Company have carried out a limited review of the unaudited financial results for the quarter and period ended 31st December 2020.

Place : Gurugram Date: 28th January 2021

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1-r-� �=any Vice a.airman and Managing Director

12, Bhagat Singh Marg, New Delhi - 110 001, India Telephone : 9111 23710176 / 23710177 / 23364671 / 2414 Fax · 91 11 23345168 / 23314309 E-mail : delhi@lodhaco.com

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LODHA &CO Chartered Accountants

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

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Review Report to

The Board of Directors

HSIL Limited

1. We have reviewed the accompanying statement of unaudited financial results of HSIL Limited (the "Company") for the quarter ended December 31, 2020 and year to date from April 1, 2020 to December 31, 2020 (the "Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations").

2. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to expre a conclusion on the Statement based on our review.

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1. 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 of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

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Kolkata Mumbai New Delhi Chennai Hyderabad Jaipur

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1. 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 the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013 as amended, read with relevant Rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For LODHA & CO.

Chartered Accountants Partner Membersllip No. 85155 UDIN:')_\ o��I fS-A fl AAA PB 4 ol...f

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Place: Delhi Date: 28.01.2021

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