Associated Alcohols & Breweries Ltd — Interim / Quarterly Report 2021

Feb 13, 2021

Registered / Corporate Office : 4th Floor, BPK Star Tower, A.B. Road, Indore - 452 008, (M.P.) India Contact No. +91 731 4780400/490

13 February, 2021

To, To,

The Listing Department The Department of Corporate Services National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, G Block, PJ Tower, Dalal Street, Bandra Kurla Complex, Mumbai - 400001 Mumbai - 400051 Scrip Code: 507526 NSE Symbol: ASALCBR

SUB: OUTCOME OF BOARD MEETING- PURSUANT TO REGULATION 30 OF SEBI (LISTING OBLIGATIONS & DISCLOSURE REQUIREMENTS) REGULATIONS, 2015

Dear Sir,

With reference to above captioned subject, we are pleased to inform you that Meeting of Board of Directors of the Company held on 13 February, 2021 which commenced at 04:00 PM and concluded at 05:40 PM and consider the following:

1. Considered and approved the Un-Audited Financial Results and Limited Review Report for the Quarter and Nine Months ended 31st December, 2020.

You are requested to please consider and take on record the aforesaid disclosure as required under regulation 30 of the SEBI (LODR) Regulations, 2015 and host on the portal of the respective stock exchanges viz. NSE and BSE for information of the general public and investors of the Company.

Thanking you,

For Associated Alc s & Breweries Limited

a EU EEE

Plant : Khodigram, Tehsil Barwaha, Distt. Khargone - 451 115 (M.P.) "e

ASSOCIATED ALCOHOLS & BREWERIES LIMITED Regd. Office: 4th Floor, BPK Star Tower A.B. Road, Indore - 452008 CIN: LL5520MP1989PLC049330

Statement of Unaudited Financial Results for the Quarter and Nine Months ended 31st December, 2020

		ASSOCIATED ALCOHOLS & BREWERIES LIMITED
		Regd. Office: 4th Floor, BPK Star Tower A.B. Road, Indore - 452008
	e-mail: investorrelations@aabl.in; website: www.associatedalcohols.com, Phone: 0731-4780400		CIN: LL5520MP1989PLC049330
	Statement of Unaudited Financial Results for the Quarter and Nine Months ended 31st December, 2020
							(Rs. in lakhs)
S.No	Particulars	3 months ended	Preceding 3	Corresponding 3
					9 months ended 9 months ended		Year ended
		31.12.2020	months ended30.09.2020	months ended31.12.2019	31.12.2020	31.12.2019	31.03.2020
IL.	I Revenue from Operations	Unaudited16,117.69	aUnaudited10,335.41	Unaudited14,544.41	Unaudited32,490.41	Unaudited39,920.59	Audited53,499.91
	Ti. Other IncomeTIL. [Total Income from Operations (1+II)	129.3016,246.99	94.7110,430.12	61.1014,605.51	324.6632,815.07	164.7740,085.36	327.8753,827.78
TV.	Expenses (a) Cost of materials consumed	6,198.26	4,108.61	7,347.46	12,893.39	20,659.69	27,227.70
	{b) Purchases of stock-in-trade(c) Changes in Inventories of finished goods, work-inprogress and stock-in-trade	27.44269,25	24.00(31.35)	33.497(549.07)	68.66230.37	119.76(90.20)	141.4253.14
	(d) Excise Duty(e) Employee benefits expense	821,65587.09	441.26679.79	407.37605.29	1,545,5981,844.69	882.081,690.94	1,241.662,421.67
	(f) Finance Costs(g) Depreciation and amortisation expense	29.91355.12	29.28356.00	39.29356.44	84.521,015.55	145.431,056.68	208.181,409.72
	(hi) Power & Fuel(1) Other expenses.Total Expenses (IV)	1,338.24» 3276.2222,903.18	918.082,136.338,662.00	1,370.422,786.5512,397.22	3,010.186,361.5727,054.91	3,516.53.7,130.9335,113.84	4,892.389,860.2547,456.12
V.VI.	Profit /(Loss) before Tax {IT1-Iv)[Exceptional Item	3343.81=	1,768,12-	2,208.29-	5,760.16-	4,971.52«	6,371.66:
vu	Profit /(Loss) after Exceptional Item before Tax" (WWI)	3,343.81	1,768.12	2,208.29	5,760.16	4,971.52	6,371.66
	VIII. Tax Expenses- Current Tax- Income Tax for Earlier Years	864.78-	472.04-	721.30:	1,519.22:	1464.648.37	1,673.248.37
	- Deferred Tax	(14.72)	(20.85)	(95.16)	(46.65)	(360.80)	(243,57)
X.	IX, Profit /(Loss) for the period (VII-VITI) Other Comprehensive Income:;	2,493.75	1,316.93	4,582.15	4,287.59	3,859.31	4,933.62
A	Items that will not be reclassified to Profit /(Loss) (net of tax)
a)b)	Remeasurement of defined benefit pianEquity Instrument through Otherincome	(1,86))-	(1,69)>-	(4.41)10.22	(5.24)	(12.43)30.65	(6.76)(89.42)
B	¢) Income tax relating to above itemsTtems that will be reclassified to Profit / Loss	0.47	0.42	113	1.32	3.29	1,70
	(net of tax)		-		-	-
XL*	Total Comprehensive Income for the Period/year(IX+X)	2,492.36	1,315.66	1,589.09	4,283.67	3,880.42	4,839.14
at	Paid Up Equity Share Capitat (Face Value of Rs," 40/- each)	1,807.92	1,807.92	1,807.92	1,807.92	1,807.92	1,807.92
	XIII. Other Equity exciuding Revaluation Reserve	ee	-	-			17,719.13
ar	Earning/(Loss) per Equity share (not annualised)Basic	13.79	7.28	8.75	23.72	24.35	27.29

ASSOCIATED ALCOHOLS & BREWERIES LIMITED

Notes :-

• 4The above financial results which have been prepared In accordance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI circular dated 5th July, 2016, have been reviewed by Audit Committee in their meeting dated 13th February, 2021 and approved by the Board of Directors at their meeting held on 13th February, 2021. The above results have been subjected to Limited Review by the Statutory Auditors.
• 2The financial resutts of the company have been prepared in accordance with the Indian Accounting Standards (IND AS) notified under the Companies (Indian Accounting Standards) Rules, 2015 as amended by the companies (Indian Accounting Standards) (Amendment) Rules, 2016.
• 3The Company's operations and financial results for the six months ended September 30, 2020 have been impacted by the outbreak of COVID-19 pandemic and the consequent lockdown announced by the Government of India due to which the operations were suspended for part of the quarter ended June 30, 2020 and gradually resumed with requisite precautions. The company has achieved its normal volume of activities in the quarter ended December 31, 2020. In view of the impact of pandemic, the results for the nine months ended December 31, 2020 are, therefore, not comparable with those of comparative nine months ended December 31, 2019,
• 4 There was no exceptional item during the quarter ended 31st December, 2020.
• 5As the Company's business activity falls within a significant primary business segment "Potable Alcohols", no separate segment information Is disclosed.
• 6The figures for the previous period/year have been regrouped/reciassified/rearranged, wherever necessary, to correspond with the current period's classification/ disclosure.

For Associated Alcohols & Breweries Limited

DIN No: 03583114 Place: Indore Date: 13th February, 2021

ushar Bhandari (Whole Time Director)

Chartered Accountants

161, SARAT BOSE ROAD, KOLKATA-700 026, (INDIA) © : +91(0)33-2419 6000/01/02 * E-mail : kolkata@singhico.com * Website : www.singhico.com

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

To,

The Board of Directors Associated Alcohols & Breweries Ltd.

• 1. We have reviewed the accompanying statement of unaudited financial results of Associated Alcohols & Breweries Ltd (the "Company"} for the quarter ended December 31, 2020 and year to date from April 01, 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"), read with SEBI Circular No. CIR/CFD/CMD1 /44/2019 dated March 29, 2019('the Circular'}.
• 1. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors in their meeting held on February 13, 2021, 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 issue a report on the Statement based on our review.
• 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 is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
• 4, Based on our review conducted as above, we report that 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 applicable Indian Accounting Standards ('Ind AS') as 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, has not disclosed the information required to be disclosed in terms of the Listing Regulations, read with the Circular, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For Singhi & Co. Chartered Accountants Firm's Registration No. 302049E

yee

{Gopal Jain} Partner Date: the 13" day of February, 2021 UDIN: 2/05914YF7 AAAAAN 90/0

Place: Kolkata Membership No. 059147