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Agri-Tech India Ltd. Interim / Quarterly Report 2021
63547_rns_2021-08-10_949fa2a0-77f4-45d5-a879-b5a5a0ffc3d2.pdf
Interim / Quarterly Report
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09th August 2021
The Manager-Listing The Manager- Listing Dalal Street, Bandra (E) Mumbai-400001 Mumbai-40005 1
BSE Limited National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra-Kurla Complex
BSE Code-537292 NSE Code-AGRITECH
Sub - Outcome of Board Meeting.
Ref — Regulation 30 and Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements).
We inform you that the Board of Directors of the Company, at its Meeting held today i.e. on 09th August 2021, has approved the standalone and consolidated unaudited financial results, for the quarter ended 30 June, 2021.
Pursuant to above-referred regulations, we enclose the following documents.
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- Statement of unaudited financial results, (Standalone) for the quarter ended 30% June 2021. (Annexure-I)
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- Limited Review Report of the Statutory Auditors on the aforesaid Financial Results. (Annexure-I]).
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- Statement of unaudited financial results, (Consolidated) for the quarter ended 30 June 2021. (Annexure-IIl).
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- Limited Review Report of the Statutory Auditors on the aforesaid Financial Results. (Annexure-IV).
The Meeting Commenced on 3:30 p.m. and Concluded on 04:45 p.m.
The above information will be made available on the Company's website www.agri-tech.in.
You are requested to take the above information on record.
Thanking You
Yours faithyully,
Rajendra Sharma Chief Fimancial Officer
Nath House, Nath Road, Aurangabad-431005 (Ms) | NATH Tel:0240-6645555 E-mail: [email protected] Web.: www.agri-tech.in | GROUP
| STATEMENT OF STANDALONE UNAUDITED RESULTS FOR THE QUARTER AND 3 MONTHS ENDED 30/06/2021 | ||||||||
|---|---|---|---|---|---|---|---|---|
| Rs in Lakh | ||||||||
| Particulars | Quarter Ended | Three Months Ended | Year Ended31/3/2021 | |||||
| S. No. | 30/6/2021Unaudited | 31/3/2021Audited | 30/6/2020Unaudited | 30/6/2021Unaudited | 30/6/2020Unaudited | Audited | ||
| Illncome | 19.29 | |||||||
| (a) Revenue from operations | 27.61 | 0.00 | 19.06 | 27.6144.88 | 19.060.00 | 70.84 | ||
| (b) Other Income | 44.88 | 46.00 | 0.00 | |||||
| Total Income | 72.49 | 46.00 | 19.06 | 72.49 | 19.06 | 90.13 | ||
| II Expenses | 23.94 | |||||||
| a) Cost of Material Consumed | 7.40 | 5.30 | 5.87 | 7.40 | 5.870.00 | 0.00 | ||
| b) Purchase of Stock-in-Trade | 0.00 | 0.00 | 0.00(1.25) | 0.00(1.22) | (1.25) | 0.00 | ||
| c) Changes in Inventory of Finished | (1.22) | (0.34)5.62 | 6.50 | 6.47 | 6.50 | 26.60 | ||
| d) Employee Benefit Expense | 6.4737.96 | 44.94 | 0.01 | 37.96 | 0.01 | 70.80 | ||
| e) Finance Costs | 0.56 | 0.57 | 0.55 | 0.56 | 0.55 | 2.22 | ||
| f) Depreciation & Amortisation Expensesg) Other Expenditure | 9.26 | (11.70) | 9.94 | 9.26 | 9.94 | 29.95 | ||
| Total Expenses | 60.43 | 44.39 | 21.62 | 60.43 | 21.62 | 153.51 | ||
| Ш | Profit before Exceptional Items & Tax (I - | (63.38) | ||||||
| $\mathbf{H}$ | 12.06 | 1.61 | (2.56) | 12.06 | (2.56) | |||
| IV Exceptional Items Income/(Expenses) | 89.51 | (257.70) | 0.00 | 89.51 | 0.00 | (257.70) | ||
| V Profit Before Tax (III+IV) | 101.57 | (256.09) | (2.56) | 101.57 | (2.56) | (321.08) | ||
| VI Tax Expense | ||||||||
| (a) Current Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| (b) Deferred Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| VII Net Profit for the period (V-VI) | 101.57 | (256.09) | (2.56) | 101.57 | (2.56) | (321.08) | ||
| VIII | Other Comprehensive Income | |||||||
| 1. (a) Items that will not be reclassitied to | ||||||||
| Profit or Loss | 0.00 | (0.11) | 0.00 | 0.00 | 0.00 | (0.11) | ||
| (b) Income tax relating to items that willnot be reclassified to Profit or Loss | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| 2. (a) Items that will be reclassified to Profit | ||||||||
| or Loss | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| (b) Income tax relating to items that will | ||||||||
| be reclassified to Profit or Loss | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| Total other Comprehensive Income | 0.00 | (0.11) | 0.00 | 0.00 | 0.00 | (0.11) | ||
| IX Total Comprehensive Income for theperiod (VII + VIII) | 101.57 | (255.98) | (2.56) | 101.57 | (2.56) | (320.97) | ||
| x Paid Up Equity Share Capital | 594.00 | |||||||
| (Face Value Rs. 10/- each) | 594.00 | 594.00 | 594.00 | 594.00 | 594.00 | |||
| XI Reserves (excluding Revaluation | ||||||||
| Reserves) as per balance sheet of | 8423.80 | 10113.02 | 8322.23 | |||||
| previous year | 8423.80 | 8322.23 | 10113.02 | |||||
| XII Earning per share (of Rs 10/- each) (not | (5.40) |
Notes:
(1) The financial results were reviewed by the Audit Committee in meeting held on 07 August 2021 and were thereafter approved by the Board of Directors at its meeting held on 09 August 2021
Directors at its intentity network of NS. 257.70 Lacs in the financial year 2020-21 against the misapporpriation of equity shares. Out of the same (2) The company had booked a loss of Rs. 257.70 Lacs in the financial year (3) The company isdealing in one major product segment : Horticulture Crops
(4) The figures have been regrouped/rearranged, where ever necessary.
FOR AGRI-TECH (INDIA) LTD
$(u)$ Satish KagliwalDIRECTOR
Place : AurangabadDate : 09 August 2021
UIKECTORDIN 00119601www.agri-lech.in www.ashitangabad - 431005 (MS)
For Ashok R.Majethia & Co. Chartered Accountants (Registration No. 127769W)
W Ashbk R.Majethia
ProprietorM.No. 124781
ASHOK R. MAJETHIA
CHARTERED ACCOUNTANT
BCom. F.C.A Ashok R. Majethia & Co. Chartered Accountants Utsav Complex, Office No. 7, Bazar Peth, Dist. Raigad, Khopoli — 410 203 Tel :- (02192) 269908 Mobile :- 9404711539 / 9372169952 Email :- [email protected]
INDEPENDENT AUDITOR'S REVIEW REPORT ON THE QUARTERLY AND YEAR TO DATE UNAUDITED STANDLONE IND-AS FINANCIAL RESULTS OF THE COMPANY PURSUANT TO REGULATION 33 OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATION 2015, AS AMENDED.
Review Report to The Board of Directors, Agritech (India) Limited
-
- We have reviewed the accompanying statement of unaudited Standalone Ind-AS financial results of Agri-tech (India) Limited ('the Company') for the quarter ended 30 June 2021 and year to date results for the period 1* April 2021 to 30" June 2021 ('The Statement') being submitted by the Company pursuant to the requirements of regulation 33 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulation 2015 as amended.
-
This statement, which is the responsibility of the Company's Management and has been approved by the Board of Directors, has been prepared in accordance with Ind-AS 34- 'Interim Financial Reporting' prescribed under section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other recognised accounting practices and policies generally accepted in India. Our responsibility is to issue a report on these financial statements 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 except as mentioned in para 5 below in the Basis for qualified opinion 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.
-
- Basis for qualified opinion:
In respect of inter-corporate Loans / Advances, prima-facie, the company has not complied with the provisions of section 186 of the Act, in as much as these are interest free loans granted to certain parties.
For Ashok R.Majethia & Co.
M.No. 124761 UDIN: 21124781AAAABG1039
Place: Aurangabad Date: 9th August 2021
| India ) LimitedCIN LO1110MH1003PLC073268STATEMENT OF CONSOLIDATED UNAUDITED RESULTS FOR THE QUARTER & 3 MONTHS ENDED ON 30/06/2021 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Rs in Lakh | |||||||||||
| Quarter Ended | Three Months Ended | Year Ended | |||||||||
| S. No. | Particulars | 30/6/2021Unaudited | 31/3/2021Audited | 30/6/2020Unaudited | 30/6/2021Unaudited | 30/6/2020Unaudited | 31/3/2021Audited | ||||
| Income | 19.29 | ||||||||||
| (a) Revenue from operations | 27.6144.88 | 0.0046.00 | 19.060.00 | 27.6144.88 | 19.060.00 | 70.84 | |||||
| (b) Other Income | 19.06 | 90.13 | |||||||||
| Total Income | 72.49 | 46.00 | 19.06 | 72.49 | |||||||
| $ $ Expenses | 7.40 | 5.30 | 5.87 | 7.40 | 5.87 | 23.94 | |||||
| a) Cost of Material Consumedb) Purchase of Stock-in-Trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| c) Changes in Inventory of Finished | (1.22) | (0.34) | (1.25) | (1.22) | (1.25) | 0.00 | |||||
| d) Employee Benefit Expense | 6.47 | 5.62 | 6.50 | 6.47 | 6.50 | 26.60 | |||||
| e) Finance Costs | 37.96 | 44.94 | 0.01 | 37.96 | 0.01 | 70.802.22 | |||||
| f) Depreciation & Amortisation Expenses | 0.56 | 0.57 | 0.55 | 0.56 | 0.559.94 | 29.95 | |||||
| g) Other Expenditure | 9.26 | (11.70) | 9.94 | 9.26 | |||||||
| Total Expenses | 60.43 | 44.39 | 21.62 | 60.43 | 21.62 | 153.51 | |||||
| III Profit before Consolidation (I - II) | 12.06 | 1.61 | (2.56) | 12.06 | (2.56) | (63.38) | |||||
| IV Share in Profit/(Loss) of Associate | 1.99 | 7.21 | (73.42) | 1.99 | (73.42) | 23.44 | |||||
| Profit before Exceptional Items & Tax (III -IV) | 14.05 | 8.82 | (75.98) | 14.05 | (75.98) | (39.94) | |||||
| VI Exceptional Items Income/(Expenses) | 89.51 | (257.70) | 0.00 | 89.51 | 0.00 | (257.70) | |||||
| VII Profit Before Tax (V+VI) | 103.56 | (248.88) | (75.98) | 103.56 | (75.98) | (297.64) | |||||
| VIIII Tax Expense | |||||||||||
| (a) Current Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| (b) Deferred Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| IX Net Profit for the period (VII-VIII) | 103.56 | (248.88) | (75.98) | 103.56 | (75.98) | (297.64) | |||||
| X Other Comprehensive Income | |||||||||||
| 1. (a) Items that will not be reclassified toProfit or Loss | 0.00 | (0.11) | 0.00 | 0.00 | 0.00 | (0.11) | |||||
| (b) Income tax relating to items that willnot be reclassified to Profit or Loss | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| 2. (a) Items that will be reclassified to Profitor Loss | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| (b) Income tax relating to items that will | 0.00 | 0.00 | 0.00 | ||||||||
| be reclassified to Profit or Loss | 0.00 | 0.00 | 0.000.00 | 0.00 | 0.00 | (0.11) | |||||
| Total other Comprehensive Income | 0.00 | (0.11) | |||||||||
| Total Comprehensive Income for theIXperiod $(IX + X)$ | 103.56 | (248.77) | (75.98) | 103.56 | (75.98) | (297.53) | |||||
| x Paid Up Equity Share Capital(Face Value Rs. 10/- each) | 594.00 | 594.00 | 594.00 | 594.00 | 594.00 | 594.00 | |||||
| Reserves (excluding Revaluation | |||||||||||
| XI Reserves) as per balance sheet of | 9820.17 | 9716.61 | 11410.55 | 9820.17 | 11410.55 | 9716.61 | |||||
| previous year | |||||||||||
| Earning per share (of Rs 10/- each) (notXIIannualised) Basic & Diluted | 1.74 | (4.19) | (3.17) | 1.74 | (3.17) | (5.01) |
(1) The financial results were reviewed by the Audit Committee in meeting held on 07 August 2021 and were thereafter approved by the Board of Directors at its meeting held on 09 August 2021
(2) The company had booked a loss of Rs. 257.70 Lacs in the financial year 2020-21 against the misapporpriation of equity shares. Out of the same, theCompany has recovered Rs. 89.51 Lacs during the quarter. The Management
(3) The company is dealing in one major product segment : Horticulture Crops
(4) The share in Profit/(Loss) of Paithan Mega Food Park Pvt. Ltd. (Associate Company) wherein the company is holding 49.20 % of Equity Shares hasbeen considered for the purpose of consolidation of financial results.
(5) The figures have been regrouped/rearranged, where ever necessary
$\mu$ $\mathcal{U}$
FOR AGRI-TECH (INDIA) LTD
Satish Kagliwal
Place : Aurangabad Date: 09 August 2021
Regd. Office : Nath House, Nath Road, Aurangabad - 431005 (MS)
For Ashok R.Majethia & Co. Chartered Accountants (Registration No. 127769W)
Ashbk R.Majethia Proprietor
M.No. 124781
ASHOK R. MAJETHIA BCom. F.C.A Ashok R. Majethia & Co. CHARTERED ACCOUNTANT Chartered Accountants
Utsav Complex, Office No. 7, Bazar Peth, Dist. Raigad, Khopoli — 410 203 Tel :- (02192) 269908 Mobile :- 9404711539 / 9372169952 Email :- [email protected]
INDEPENDENT AUDITOR'S REVIEW REPORT ON THE QUARTERLY AND YEAR TO DATE UNAUDITED CONSOLIDATED IND-AS FINANCIAL RESULTS OF THE COMPANY PURSUANT TO REGULATION 33 OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATION 2015, AS AMENDED.
Review Report to The Board of Directors, Agritech (India) Limited
-
- We have reviewed the accompanying statement of unaudited Consolidated Ind-AS financial results of Agri-tech (India) Limited ('the Holding Company' and its associate together referred to as 'the Group') for the quarter ended 30" June 2021 and year to date results for the period 1* April 2021 to 30 June 2021 ('The Statement') being submitted by the Holding Company pursuant to the requirements of regulation 33 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulation 2015 as amended.
- This statement, which is the responsibility of the Holding Company's Management and has been approved by the Board of Directors of the Holding Company, has been prepared in accordance with Ind-AS 34- 'Interim Financial Reporting' prescribed under section 133 of the Companies Act., 2013 read with relevant rules issued thereunder and other recognised accounting practices and policies generally accepted in India. Our responsibility is to issue a report on these consolidated financial statements 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 consolidated 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.
We also performed procedures in accordance with the Circular No CIR/CFD/CMD1/44/2019 dated 29" March 2019 issued by the Securities and Exchange Board of India under Regulation 33(8) of Listing Regulations, to the extent applicable.
- The Consolidated Statement includes the results of M/s Paithan Mega Food Park Private Limited, an associate company.
- Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of consolidatd unaudited financial results prepared in accordance with applicable accounting standards except as mentioned in para 6 below in the Basis for qualified opinion 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.
- Basis for qualified opinion:
In respect of inter-corporate Loans / Advances, prima-facie, the company has not complied with the provisions of section 186 of the Act, in as much as these are interest free loans granted to certain parties.
For Ashok R.Majethia & Co.
Proprietor M.No. 124781 DIN: 21124781AAAABH1391
Place: Aurangabad Date: 09% August 2021