Batliboi Ltd — Audit Report / Information 2022

May 27, 2022

Batliboi Ltd.

Legal & Secretarial Department Regd. & Corporate Office ; Bharat House, 5th Floor, 104, Bombay Samachar Marg, Mumbai - 400 001. India Phone ; +91 (22) 6637 8200 Fax ; +91 (22) 2267 5601 E-mail: legal@batliboi.com Web. www.batliboi.com CIN • L52320MH1941PLC003494

==> picture [63 x 12] intentionally omitted <==

----- Start of picture text -----

BATLIBOI
----- End of picture text -----

Scrip Code: 522004

27* May, 2022

Dear Sir / Madam,

Subject: Outcome of Board Meeting No, 1/2022-23 under Regulation 30 of SEBI (LODR) Regulations, 2015

Pursuant to Regulation 30 and Regulation 33 of SEBI (LODR) Regulations, 2015 we wish to inform you that the Board of Directors at its meeting held today i.e. May 27, 2022 have interalia considered and approved the following matters.

1. The Audited Standalone & Consolidated Financial Results of the Company for the Quarter and Year ended March 31, 2022.

2. Auditors’ Report on the Audited Financial Results (Standalone and Consolidated) for the Financial Year ended March 31,2022

3. The 78^*^ Annual General Meeting of the Company will be held on Friday, August 12,

2022 at 04:00 P.M through Video Conferencing.

1. The Register of Member and Share Transfer Books of the Company will remain close from Saturday, 6^^ August 2022 to Friday, 12*^ August, 2022 (both days inclusive).

2. Appointment of M/s. Mukund M. Chitale & Associates, Chartered Accountants as the Statutory Auditors for second term for five years subjected to approval of shareholders at the ensuing Annual General Meeting (Brief profile attached in Annexure 1)

3. Appointment of M/s. CNK & Associates, Chartered Accountants, as the Internal Auditors for the Financial Year 2022-2023. (Breif profile attached in Annexure 11)

4. Appointment of M/s. D. S. Momaya & Co, Company Secretaries, as t Lecretarial Auditors for Financial Year 2022-2023 (Annexure III)

BATLIBQI

The Results has also been sent for publication i Newspaper. in English Newspaper and one Local Language

The Meeting commenced at 12.00 P.M. and concluded aEf' 0

PM.

Kindly take the same on your record.

Thanking you

Yours faithfully. For Batliboi Limi Pooja Mane * Company Secretary ACS - 35790

==> picture [30 x 32] intentionally omitted <==

----- Start of picture text -----

d

----- End of picture text -----*

Place: Mumbai Enel: As above

==> picture [63 x 11] intentionally omitted <==

----- Start of picture text -----

BATLIBOl
----- End of picture text -----

Annexure I	Annexure I
Name	M/s. Mukund M. Chitale & Associates
Designation	Statutory Auditor
Date of Appointment & Term of	Approved by the Audit & Board of Directors
Appointment	at their Meeting held on May 27, 2022 from
	ensuing AGM upto 83^^ AGM subject to the
	approval of Members at the ensuing AGM
Brief Profile	M/s. Mukund M. Chitale & Associates,
	Chratered Accountants since 1973 The firm
	was founded by our managing partner Mr
	Mukund Chitale in Mumbai in the year 1973.
	From a humble beginning in the initial years,
	we have grown to be a multi-locational
	multi-functional integrated team serving
	clients across India. Heading various
	portfolios are our leaders who lead a team of
	professionals who are committed to client
	satisfaction and service delivery.
	We offer a full range of services to our
	clients which includes Business Advisory
	services. Tax Advisory services and
	Assurance & Risk Advisory services. We are
	also very actively involved in the field of
	forensic audit. We also undertake all kinds of
	Compliance work. We provide services to
	companies with large networks, wide public
	ownership and large number of stakeholders.
	Over the years, we have audited large
	lenders, financial sector regulators, listed
	companies, private equity backed companies,
	insurance companies and mutual funds. This
	has helped us in understanding the
	expectations of various stakeholders.
Disclosure of relationship between Directors	NA
(in case of Appointment of as a Director

BATLIBOl

Annexure	II
Name	M/s. CNK & Associates
Designation	Internal Auditor
Date of Appointment & Term of	May 27,2022 for the financial year 2022-
Appointment	2023
Brief Profile	CNK & Associates LLP (CNK) is a multi
	disciplinary firm specializing in providing a
	wide spectrum of professional services under
	one roof to leading domestic and
	multinational corporations, spread across
	virtually all sectors.
	It is a third-generation firm, which caters to
	diverse businesses of all sizes, but with a
	specific emphasis on the MSME Sector.
Disclosure of relationship between Directors	NA
(in case of Appointment of as a Director

	Annexure III
Name	M/s. D. S. Momaya & Co
Designation	Secretarial Auditor
Date of Appointment & Term of	May 27, 2022 for the financial year 2022-
Appointment	2023
Brief Profile	M/s. D. S. Momaya & Co., Company
	Secretaries are compliance conglomerate and
	compliance coach with 18 years of Industry
	experience. Ms. Divya Momaya, founder
	member is fellow member of the Institute of
	Company Secretaries of India. She possesses
	18 years of experience out of which 13 years
	as a Practicing Company Secretary, she also
	is currently Independent Director on Boards
	of various Companies including Motilal
	Oswal Financial Services Limited and Her
	expertise lies in Corporate and Secretarial
	Laws. Corporate Governance, Business
	Development, startups and MSME.
	The firms offers one stop solutions for
	various services offered like mentoring
	services to the Board & Directors,
	Incorporation Services, Secretarial Compliance Management on Retainer ship

BATLIBOl

Model, Secretarial Audit, Due Diligence, Stock Exchange Compliance Assistance, Mergers and Acquisitions, Liquidation Services, IBC, Intellectual Property Services and other Legal matters Disclosure of relationship between Directors NA (in case of Appointment of as a Director

Yours faithfully, For Batliboi Limited Pooja Mane Company Secretary ACS 35790

Place: Mumbai Enel: As above

M. CHITALE &CO.

2nd Floor, Kapur House, Paranjape B Scheme Road No. 1, Vile Parle (E). Mumbai 400057 T: 91 22 2663 3500 www.mmchitale.com

CHARTERED ACCOUNTANTS

Independent Auditor’s Report on audited Standalone Quarterly Financial Results and Year to Date Standalone Financial Results of Batliboi Limited Pursuant to the Regulation 33 of the SEBl (Listing Obligations and Disclosure Requirements) Regulations, 2015

To

The Board of Directors of Batliboi Limited,

Report on the audit of the Standalone Financial Results

Opinion

1. We have audited the accompanying Statement of quarterly and year to date Standalone financial results of Batliboi Limited (the ‘Company’) for the quarter and year ended 31 st March 2022, attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBl (Listing Obligations[and Disclosure] Requirements) Regulations, 2015, as amended (“Listing Regulations").

In our opinion and to the best of our information and according to the explanations given to us, these Standalone financial results:

• i) are presented in accordance with the requirements of Listing Regulations in this regard; and

• ii) gives a true and fair view in conformity with the[recognition and measurement] principles laid down in the applicable accounting standards and other accounting principles generally accepted In India of the net loss including other comprehensive income and other financial information for the quarter[and year ended 31®* March] 2022.

Basis of Opinion

1. We conducted our audit of the Standalone financial results in accordance with the Standards on Auditing specified under Section 143(10) of the Companies Act, 2013 (“the Act)". Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Standalone financial results section of our report. We are Independent of the Company in accordance with the Code of Ethics Issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the Standalone financial results under the provisions of the Act and the Rules thereunder, and we have fulfilled our[other ethical responsibilities in] accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

1

==> picture [91 x 48] intentionally omitted <==

----- Start of picture text -----

MUKUND
M. CHITALE
&CO.
----- End of picture text -----

CHARTERED ACCOUNTANTS

Emphasis of Matter

1. We draw attention to Note 7 of the Standalone financial results, as regards to management’s assessment of the financial impact of COVID - 19 pandemic situations on the Standalone financial results, the assessment thereof by the management of the Company based on its internal, external and macro factors, Involving certain estimation uncertainties.

Our Opinion is not modified in respect of this matter.

Management’s responsibility for the Standalone Financial Results

1. These quarterly financial results as well as the year to date Standalone financial results have been prepared on the basis of the audited Standalone annual financial statements. The Company’s Board of Directors is responsible for the preparation of these Standalone financial results that give a true and fair view of the net loss including other comprehensive income of the Company and other financial information in accordance with the applicable accounting standards prescribed under Section 133 of the Act read with the rules issued thereunder and other accounting principles generally accepted in India and in compliance with the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate Internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Standalone financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the Standalone financial results, the Board of Directors are responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either Intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The Board of Directors are also responsible for overseeing the Company’s financial reporting process.

Auditor’s Responsibilities for the Audit of the Standalone Ind AS Financial Results

1. Our objectives are to obtain reasonable assurance about whether the Standalone financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with Standards on auditing will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Standalone financial results.

As part of an audit in accordance with Standards on auditing, we exercise professional judgment and maintain professional skepticism throughout the audit. We also;

MUKUND M. CHITALE &CO.

CHARTERED ACCOUNTANTS

I) Identify and assess the risks of material misstatement of the Standalone financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, Intentional omissions, misrepresentations, or the override of internal control,

ii) Obtain an understanding of internal financial controls relevant to the audit in order to design audit procedures that are appropriate In the circumstances. Under section 143(3){i) of the Act, we are also responsible for expressing our opinion on whether the Company has adequate internal financial controls system In place and the operating effectiveness of such controls.

iii) Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors,

iv) Conclude on the appropriateness of the Board of Director’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures In the Standalone financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern,

v) Evaluate the overall presentation, structure and content of the Standalone financial results, including the disclosures, and whether the Standalone financial results represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

MUKUND M. CHITALE &CO.

CHARTERED

ACCOUNTANTS

Other Matters

1. The Standalone financial results include the results for the quarter ended 31® March, 2022 and 31® March 2021 being the balancing figure between the audited figures in respect of the full financial year and the published unaudited year-to-date figures up to the third quarter of the respective financial year, which were subjected to limited review by us, as required under the Listing Regulations.

Our opinion is not modified in respect of this matter.

For Mukund M. Chitale & Co. Chartered Accountants Firm Regn. No. 106655W

(A. V. Kamat)

Partner M. No.039585 UDIN: 22039585AJSQEN1278 Place: Mumbai Date: 27**’ May 2022

e

■#

BATLIflOI LTD. Regd. Office: Bharat House, 5th Floor, 104 Bombay Samachar Marg, Fort, Mumbai-400001 CIN: L52320MH1941PLC003494

AUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER

AND YEAR ENDED 31ST MARCH, 2022

(Rs. in Lakhs)

PARTICULARS						(Rs. in Lakhs
				STANDALONE
			Quarter Ended		Year	Ended
1. INCOME (a) Revenue from Operations Other Income TOTAL INCOME (b) 2. EXPENSES		31.03.2022 (Reviewed) 4,305.19 107.62 4,412.81	31.12.2021 (Reviewed) 3,875.33 21.24 3,896.57	31.03.2021 (Reviewed) 3,181.72 99.90 3,281.62	31.03.2022 (Audited) 14,606.94 266.55 14,873.49	31.03.2021 (Audited) 9,404.72 367.51 9,772.23
(a) Cost of Materials Consumed (b) Purchase of Stock in Trade (c) Changes in inventories of finished goods, workin progress in trade	and stock	1,658.30 1,315.20 (147.22)	1,589.99 1,087.49 (213.75)	1,444.45 519.83 (71.64)	5,765.65 4,035.97 (333.57)	3,862.76 1,696.71 227.89
Employees benefits expenses (e) Finance Costs Depreciation & Amortisation expenses Other expenses TOTAL EXPENSES (d) (f) (g) 3. PROFIT/(LOSS) BEFORE EXCEPTIONAL ITEMS AND TAX 4. Exceptional Items - (Expense)/Income 5. PROFrT/(LOSS) BEFORE TAX 6. Tax Expenses		630.41 227.88 77.17 690.37 4,452.11 (39.30) (39.30)*	527.10 179.72 73.87 711.35 3,955.77 (59.20) (59.20)	531.57 247.98 74.81 717.52 3,464.52 (182.90) (182.90)	2,262.40 793.71 297.72 2,521.89 15,343.77 (470.28) (470.28)	1,653.52 842.70 292.64 1,888.49 10,464.71 (692.48) (692.48)
(a) Current Tax
(b) Earlier Year Tax (c) Deferred Tax Credit / (Charge) (d) Mat credit (Reversal)		(0.97) (214.87)	2.63	(46.57)	(1.92) (80.07)	94.63
7. NET PROFrr/(LOSS) FOR THE PERIOD 8. Other Comprehensive Income		(215.84)	(56.57)	(229.47)	(111.89) (664.16)	(597.85)
(i) Items that will not be reclassified to profit orloss
Acturial gain/(Loss) on employee defined benefits		52.02 «	2.42	18.22	59.28	9.68
(ii) Income tax relating to items that will not bereclassified or loss	to profit
Deferred Tax impact on above 9. Total Comprehensive Income		(13.52) (216.64)	(0.63) (54.78)	(4.74) (215.99)	(15.41) (620.29)	(2.52) (590.69)
10. Paid-up Equity Share Capital (Face Value Rs.5/- per share) 11. Basic 8i Diluted EPS for the Period (Rs. Per Share)		1,435.79 (0.75)	1,435.79 (0.20)	1,435.79 (0.80)	1,435.79 (2.31)	M35.79 (2.08)

==> picture [9 x 10] intentionally omitted <==

----- Start of picture text -----

/•
----- End of picture text -----

. ^

Notes to Standalone Financial Results:

• 1) TTie above results were reviewed by the Audit Committee subject to audit by the statutory auditors of the Company and approved by the Board of Directors at their meeting held on 27th May 2022 and have been

figures in re^)ect of the full respectively, which were subject to limited

• 3) The company operates in one segment as ’Industrial Segments", no separate disclosure has been given. Equipment, since there iIS no other reportable segment as defined under Ind AS 108 “Operating 2019. It provides domestc companies with an option Tax Act, 1961 and the Finance Act (No. 2) Act, to opt for lower tax rate, provided they do not daim certain deductions. The Company has not

• exerased the option to opt for lower tax rate and has opbon to opt for lower tax rate once it utilises the entire carried forward lossespresently considered the rate existing prior to the amendment The Company : and MAT credit available under the Income Tax Act shall evaluate the

• 5) The Board of Directors of AESA Air Engineering SA, July 2020. The French Court had passed ln^. • " Step-down subsidiary, had filed Judiciarie Redressment under French Law on 6th judicial' of the said step down subsidiary and appoint^ a^liqTidltoI^ In fin^^iaUMi^ 2^20 2lT'^'^^ Pronounced the 'liquidation for ooub.^, re^very of does fro. AESA A,r

5) The Board of Directors of AESA Air Engineering SA,

• 6)

==> picture [249 x 14] intentionally omitted <==

----- Start of picture text -----

buyer for tbe sale of a.,s part of tbe asset onMtb [August Zll ^tSqTrilte]
----- End of picture text -----

• value (rf the asset held for sale" is lower than the fair value of the asset current position and has concluded that the carrying

• 7) ed 31st Man* 2032, uncertainbes caused by ttie pandemic

• I'JS rrTr TJr°2 Durtog dte guarter and y.r,has resulted In limited availability of vmritforce, disrupted supph. chain and delayed offteke ektZ h “rr"' ^ <«>»'<=>="d external informabon available up to the date of approval of these Standalone financial resulte and expects to recover the carrying values of its assets

• The impact assessment of COWD -19 Is a continuing process given the uncertainties associated with its nature and duration and accordingly the impaa

• may be different from that estimated i as at the date of approval of these Standalone financial results. The Company will continue to monitor any material

• changes to future economic conditions.

• 8) ^e ^e on Sodal purity, 2020 rCode”) relabng to employee benefits during the employment and post-employment

• : r ”1“ Of iPbour ohd Employmeh. has raleasad dmrt[rulas fola Coda Oh 13rN™^0] benefits has been published in the are

==> picture [482 x 212] intentionally omitted <==

----- Start of picture text -----

9) Following are the detaiis of Standalone
Company earns commission : gross sales values of business handled including the values pertaining to agency business handled for which
Rs. In Lakhs
STANDALONE
Particulars Quarter ended Year Ended
31.03.2022 31.12.2021 31.03.2021 31.03.2022 31.03.2021
(Un-AuditedJ (Un-Audited) (Un-Audited^ (Un-AuditedJ (Un-AuditedJ
Gross value of Business Handled (Including agency business)
12,947.51 13,624.28 7,758.40 42,758.30 24,623.51
10) The figures for the previous periods/years have been redassifled/regrouped wherever
necessary.
For and on behalf of Board of Directors
Batliboi Limited
Place: Mumbai ""Mnjiv Joshi
bate: 27th May 2022
inaging Director
DIN:08938810
----- End of picture text -----

==> picture [73 x 14] intentionally omitted <==

----- Start of picture text -----

Place: Mumbai
bate: 27th May 2022
----- End of picture text -----

==> picture [6 x 9] intentionally omitted <==

----- Start of picture text -----

o
----- End of picture text -----*

r

_ ^ batliboiltd. Regd. Office: Bharat House, 5th Floor, 104 Bombay Samachar

CZN: L52320MH1941PLC003494

Marg, Fort, Mumbai-400001

Statement of Standalone Assets and Liabilities as at 31st Mardi, 2022

Particulars	As on	(Rs. In Lakhs) As on	(Rs. In Lakhs) As on
	31.03.2022		31.03.2021
	(Audited)		(Audited)
ASSETS
(1) Non-current assets
(a) Property, Plant and Equipment
(b) Capital work-in-progress	18,444.44		18,599.04
(c) Right of use assets	160.56		23.79
(d) Other Intangible assets	179.70		99.03
(e) Financial Assets	15,06		28,29
(i) Investments
(it) Trade receivables	537.16		571.03
(iii) Loans	376.78		190.43
(f) Other non-current assets	0.40		0.76
Non Current Assets	100,62		102.13
	19.814.72		19.614.50
(2) Current assets
(a) Inventories
(b) Financial Assets	2,243.62		1,511.98
(i) Trade receivables
(ii) Cash and cash equivalents	1,144.71		1,055.52
(Iii) Bank balances other than (il) above	8.47		6.14
(iv) Loans	34.39		53.34
(v) Others	1.02		7.93
(c) Current Tax Assets (Net)	278.10		317.34
Current Assets	60.63		61.76
	3.770.94		3.014.01
3 Non Current Asset Held for Sale
	1,779.39		1,779.39
TOTAL ASSETS
	25.365.05		24.407.90
EQUITY AND LIABlUnES
Equity
(a) Equity Share capital
(b) Other Equity	1,435.79		1,435.79
	9.660.61		10.283.84
	11.096.40		11.719.63
LIABIUTIES
(1) Non-current liabilities
(1) (a) Financial Liabilities
Borrowings
Lease Liabilities ii.	3,602.36		3,787.59
Trade payables iii.	123.93		66.41
(a) total outstanding dues of miao enterprises andsmall enterprises S,er“ a“bler /V.	11.90 192.86		26.32 299.57
(b) Provisions	414.11		378.22
(c) Deferred tax liabilities (Net)	367.32		376.84
	1.298.35		1,090.97
	6.010.83		6.025.92
(2) Current liabilities
(a) Financial Liabilities
(i) Borrowings
(ii) Lease Liabilities	3,007.10		3,104.67
(Iii) Trade payables	68.02		43.67
(a) total outstanding dues of miao enterprises andsmall enterprises (W Otf,er cu,^S	479.81		398.36
	1,656.64		1,330.11
(c) Provisions	2,958.57		1,680.52
	87,68		105.02
	8.257.82		6.662.35
TOTAL EQUITY AND LIABILTTF*;
	25,365.05	24.407.90
			>
	5(MUMBAI cfi		Ipj

==> picture [29 x 7] intentionally omitted <==

----- Start of picture text -----

Acco'>'^
----- End of picture text -----

BATLIBOl LTD.

t

STANDALONE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 ST MARCH, 2022

==> picture [539 x 697] intentionally omitted <==

----- Start of picture text -----

(Rs. In Lakhs
Year Ended Year Ended
I. CASH FLOW ARISING FROM OPERATING ACTIVITIES: 31 •Mar-22 31-Mar.21
Net Profit / (Loss) Before Tax and Exceptional Items
Add Back: (470.28) (692.48)
a) Depreciation
297,72 292.64
b) Interest Expense
668.65 716.72
c) Interest on Lease Liabilities
11.83 11.82
d) Loss on Sale/Disposal of Assets
e) Bad Debts 3.69 5.13
13.17 27.31
f) Provision for Doubtful Debts/Advances
6.77 193.18
g) Gratuity and Leave Encashment Provision
95.07 74.79
h) Foreign Exchange Loss
29.97 16.89
i) Employee Stock Option Reserve
(2.93) 1,123.94 (18.49) 1,319.99
Deduct:
a) Interest Income
14.77 4.88
b) Unclaimed Credit Balances Appropriated
140.12 154.89 175.88 180.76
Operating Profit Before Working Capital Changes
Add/ Deduct: 498.77 446.75
a) Decrease/ (Increase) in Inventories
(731.64) 392.60
b) Decrease/ (Increase) in Trade Receivables and Advances
(288.22) (184.21)
c) Decrease/ (Increase) in Other Current Assets
74.62 93.74
d) Increase/ (Decrease) in Trade and Other Payables
1,677.89 732.65 (105.77) 196.36
1,231.42 643.11
Income Taxes Paid / (Refund) (net)
0.79 11.73
I Net Cash Inflow / (Outflow) from Operations (A)
1,230.63 631.38
II. CASH FLOW ARISING FROM INVESTING ACTIVITIES:
I a) Interest Income 14.77 4.88
b) Proceeds from Sale of Fixed Assets 14.88 0.01
c) Acquisition of Fixed Assets
I d) Decrease/ (Increase) in Bank Deposits (233.68)18.94 (185.09) (36.35)38.65 7.19
I Net Cash Inflow / (Outflow) in Course of Investing
Activities(B) (185.09) 7.19
llll. CASH FLOW ARISING FROM FINANCING ACTIVITIES:
a) Proceeds from/ (Repayment of) in Long Term Borrowings
I b) Proceeds from/ (Repayment of) in Short Term Borrowings (222.66) 216.94
(97.57) (121.23)
c) Payment of Lease Liabilities (including interest
on lease liabilities) (62.17) (59.80)
d) Interest Paid
(660.81) (1,043.21) (709.91) (674.00)
I Net Cash [nflow/(Outflow) in Course of Financing
Activities (C) (1,043.21) (674.00)
Net lncrease/(Decrease) in Cash/Cash Equivalents (A+B+C)
2.33 (35.43)
Add: Cash/Cash Equivalents at the beginning of the
year 6.14 41.57
Cash/Cash Equivalents at the end of the year
8.47 6.14
Consists of:
Cash in Hand
Bank Balance 4.58 3.63
[closing Cash at the end of the year 3.89 2.51
8.47 6.14
----- End of picture text -----

M. CHITALE &CO.

2nd Floor, Kapur House, Paranjape B Scheme Road No. 1, Vile Parle (E). Mumbai 400057 T: 91 22 2663 3500 www.mmchitale.com

CHARTERED

ACCOUNTANTS

Independent Auditor’s Report on Consolidated audited Quarterly Financial Results and Year to Date Consolidated audited Financial Results of Batllboi Limited Pursuant to the Regulation 33 of the SEBI (Listing Obligations and[Disclosure Requirements)] Regulations, 2015

To

The Board of Directors of Batiiboi Limited,

Report on the audit of the Consolidated Financial Results

Opinion

1. We have audited the accompanying Statement of quarterly and year to date Consolidated financial results of Batiiboi Limited (the ‘Holding Company’) and its subsidiaries listed in Annexure T (collectively referred to as ‘the Group’) for the quarter and year ended 31®’ March, 2022, attached herewith, being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”).

In our opinion and to the best of our information and according to the explanations given to us and based on the consideration of the reports of other auditors on separate financial statements and the other financial information of subsidiaries these quarterly consolidated financial results as well as the year to date consolidated financial results;

• i) includes the quarterly financial results and the year-to-date financial results of the entities mentioned in the Annexure T to this report,

• ii) is presented in accordance with the requirements of Regulation 33 of the SEBI Listing Regulations, 2015 as amended; and

• iii) gives a true and fair view in conformity with the recognition and measurement principles laid down In the applicable accounting standards and other accounting principles generally accepted in India of the consolidated net loss including other comprehensive income and other financial information of the Group for the quarter and year ended 31®’ March 2022.

Basis of Opinion

1. We conducted our audit of the consolidated financial results in accordance with the Standards on Auditing specified under Section 143(10) of the Companies Act, 2013 ("the Act”). Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Consolidated financial results section of our report. We are Independent of the Group in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the Consolidated financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled[our other ethical responsibilities In] accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us and other auditors in terms of their reports referred to in “Other Matter" paragraph below, Is sufficient and appropriate to provide a basis for our opinion.

MUKUND M. CHITALE &CO.

CHARTERED ACCOUNTANTS

Emphasis of Matter

1. We draw attention to Note 8 of the Consolidated financial results, as regards the group’s assessment of the financial impact of COVID - 19 pandemic situations on the Consolidated financial results, the assessment thereof by the group based on its internal, external and macro factors, involving certain estimation uncertainties.

Our Opinion is not modified in respect of this matter.

Management’s responsibility for the Consolidated financial results

1. These quarterly financial results as well as the year-to-date Consolidated financial results have been prepared on the basis of the audited Consolidated annual financial statements.

The Holding Company’s Board of Directors is responsible for the preparation of these Consolidated financial results that give a true and fair view of the net loss including other comprehensive income of the Group and other financial information in accordance with the applicable accounting standards prescribed under Section 133 of the Act read with the rules issued thereunder and other accounting principles generally accepted in India and in compliance with the Listing Regulations. The respective Board of Directors of the Companies included in the Group are responsible for maintenance of the adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Group and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Consolidated financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the consolidated financial results by the Directors of the Holding Company, as aforesaid.

In preparing the Consolidated financial results, the respective Board of Directors of the companies included in the Group are responsible for assessing the ability of the Group to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate the companies or to cease operations, or has no realistic alternative but to do so.

The respective Board of Directors Included in the Group are responsible for overseeing the financial reporting process of the Group.

Auditor’s Responsibilities for the Audit of the Consolidated financial results

1. Our objectives are to obtain reasonable assurance about whether the Consolidated financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with Standards on auditing will always detect a material misstatement when it exists.

9

MUKUND M. CHITALE &CO.

CHARTERED ACCOUNTANTS

Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Consolidated financial results.

As part of an audit in accordance with Standards on auditing, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

i) Identify and assess the risks of material misstatement of the Consolidated financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

il) Obtain an understanding of internal financial controls relevant to the audit in order to design audit procedures that are appropriate In the circumstances. Under section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Holding Company has adequate internal financial controls system in place and the operating effectiveness of such controls.

iii) Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.

iv) Conclude on the appropriateness of the Board of Director’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the Consolidated financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Group to cease to continue as a going concern.

v) Evaluate the overall presentation, structure and content of the Consolidated financial results, including the disclosures, and whether the Consolidated financial results represent the underlying transactions and events in a manner that achieves fair presentation.

vi) Obtain sufficient appropriate audit evidence regarding the financial results/financial information of the entities within the Group to express an opinion on the Consolidated financial results. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the Consolidated financial results of which we are the Independent Auditors. For the other entities included in the Consolidated financial results, which have been audited by other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion

MUKUND M. CHITALE &CO.

CHARTERED ACCOUNTANTS

We communicate with those charged with governance of the Holding Company and such other entities included in the Consolidated financial results of which we are the Independent Auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies In internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

We also performed procedures in accordance with the circular issued by the SEBl under Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable.

Other Matters

1. We did not audit the financial statements and other financial information, in respect of three subsidiaries, whose financial statements and other financial Information include excluding consolidation eliminations total assets of[Rs. 9,316.29 Lakhs as at 31® March] 2022; total revenues of Rs. 1,302.31 Lakhs and Rs. 5,129.86 Lakhs for the quarter and year ended 31® March 2022 respectively: total profit/(loss) after tax (net) of Rs. 88.00 Lakhs and Rs. 143.67 Lakhs for the quarter and year[ended 31® March 2022] respectively: total comprehensive income of Rs. 88.00 Lakhs and Rs. 143.67 Lakhs for the quarter and year ended 31® March 2022 respectively and net cash inflows of Rs. 610.49 Lakhs for the year ended 31®* March 2022. These Ind AS financial statements and other financial information have been audited by other auditors whose financial statements, other financial Information and auditor’s reports have been furnished to us. Our opinion on the quarterly and the year-to-date Consolidated financial results, in so far as it relates to the amounts and disclosures included in respect of these entities is based solely on the report of other auditors and the procedures performed by us are as stated in paragraph above. Our opinion is not modified in respect of this matter with respect to our reliance on the work done and the reports of the other auditors.

MUKUND M. CHITALE &CO.

CHARTERED

ACCOUNTANTS

1. The Consolidated financial results include the results for the quarter ended 31® March 2022 and 31® March,2021 being the balancing figure between the audited figures in respect of the full financial year and the published unaudited year-to-date figures up to the third quarter of the respective year, which were subjected to limited review by us as required under the Listing Regulations.

Our opinion is not modified In respect of this matter.

For Mukund M. Chitale & Co. Chartered Accountants Firm Regn. No. 106655W

{A.V. Kamat) Partner M. No.039585

UDIN: 22039585AJSCUP4012 Place: Mumbai Date: 27“’ May 2022

MUKUND M. CHITALE &CO.

CHARTERED ACCOUNTANTS

Annexure 1’

(Referred to in point No. 1 of our Independent Auditor’s Report on Consolidated audited Quarterly Financial Results and Year to Date Consolidated audited Financial Results)

Sr. No. Name of the Subsidiary

1 Queen Projects (Mauritius) Ltd.

Sr. No. Names of the Step Down Subsidiaries

1. Quickmill Inc.

2. 760 Rye Street Inc.

Note

In addition to above the Consolidated financial results for the quarter and year ended 31®* March 2021 also includes the financial statements/ financial information/financial results of the following step-down subsidiaries:

Sr. No. Names of the Step Down Subsidiaries

1. ^nderma Holding Ltd.

2. AESA Air Engineering SA.

3. AESA Air Engineering PTE Limited.

4. AESA Air Engineering Limited. 5. XeSA Air Engineering Private Limited.

BATLIBOI LTD.

Regd. Office: Bharat House, 5th Floor, 104 Bombay Samachar Marg, Foi% Mumbai-400001 CIN: L52320MH1941PLC003494

AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED 31ST MARCH, 2022

Rs. In Lakhs

MRTICULARS I						Rs. In Lakh
				CONSOLIDATED
			Quarter Ended		Year	Ended
1. INCOME FROM OPERATIONS Revenue from Operations Other Income TOTAL INCOME FROM OPERATIONS (b) 2. EXPENSES		31.03.2022 (Reviewed) 5,586.54 94.44 5,680.98	31.12.2021 (Reviewed) 5,845.19 7.93 5,853.12	31.03.2021 (Unaudited) 3,936.85 103.91 4,040.76	31.03.2022 (Audited) 19,658.53 213.50 19,872.03	31.03.2021 (Audited) 15,198.74 376.36 15,575.10
(a) Cost of Materials Consumed Purchase of Stock in Trade Changes in inventories of finished goods, work in in trade (b) (c)	progressand stock	2,518.20 1,315.20 (407.96)	2,074.39 1,087.49 417.14	2,101.31 522.44 (447.79)	8,317.25 4,035.96 (169.52)	6,248.25 2,110.71 403.37
Employees benefits expenses Finance Costs Depreciation 8i Amortisation expenses Other expenses TOTAL EXPENSES (d) (e) (0 (9) 3. PROFn/(LOSS) BEFORE EXCEPHONAL ITEMS AND 4 Exceptionai Items (Refer Note 5(a)) 5. PROFIT/(LOSS) FROM BEFORE TAX 6. Tax Expenses (a) Current Tax (b) Earlier Year Tax (c) Deferred Tax (Charge) / Credit (d) Mat Credit Charged 7. NET PROFIT/(LOSS) AFTER TAX 8. Other Comprehensive Income (i) Items that wiil not be reclassified to profit orloss	TAX	985.67 232.02 88.75 827.93 5,559.81 121.17 121.17 (48.90) (0.97) (195.79) (124.49)	1,007.93 193.42 94.34 812.75 5,687.46 165.66 165.66 (17.76) (35.60) 112.30	930.58 249.11 100.90 1.024.48 4,481.03 (440.27) 1,399.97 959.70 9.27 0.73 (46.39) 923.31	3,754.09 828.53 368.03 2.965.07 20,099.41 (227.38) (227.38) (68.34) (1.92) (60.99) (111,89) (470.52)	3,397.76 910.94 438.92 2.671.79 16,181.74 (606.64) 1,399.97 793.33 (75.44) 94.79 812.68
Actuarial gain/(Loss) on employee defined benefits
(ii) Income tax relab'ng to items that wiil loss not be reclassified to profit or		52.02	2.42	18.22	59.28	9.68
Deferred Tax impact on above
(iii) Items that will be reclassified to profit orloss		(13.52)	(0.63)	(4.74)	(15.41)	(2.52)
Effects of changes in rates of foreign currency monetaryitems		31.86	5.60	125.68	57.73	39.48
9. Total Comprehensive Income (Refer Note 5(b))		(54.13)	119.69	1,062.47	(368.92)	859.32
10. Paid-up Equity Share Capital (Face Value Rs.5/- per share) 11. Basic 8i Diluted EPS for the Period (Rs. Per Share)		1,435.79	1,435.79	1,435.79	1,435.79	1,435.79
(Refer Note 8(a) and 8fb))
		XM3)		0.39	3.22

==> picture [102 x 6] intentionally omitted <==

----- Start of picture text -----

to Consolidated Financial Results:
----- End of picture text -----

==> picture [496 x 704] intentionally omitted <==

----- Start of picture text -----

™ Ma. 2022 and ha,
” and app^ed b, .» Boan. c D,«„„ a. «p „«,np hek, „
3) The Group operates in one segment as 'Industrial ” r,sr,rrrjsrsr.?r=.^r^disclosure has been given. Equipment', since there is no other reportable segment as defined under Ind AS 108 "Operating Segments", no separai
” SLtrfnTp^“r^rr2,«h20.9.
rate once it utU
S) 'fZ s « ss a”: ^ ■a 2020.
France including its three step down subsidiaries and appointed a Ijouidatw^us the h2? 'liquidation judidai' of AESA Air Engineering
assets and liabilities of these subsidiaries had been [derecognised ^m the Consolidated finLaal T Thfstep-down ] subsidiary companies and the
— »« «. phnciplas of M AS no had been racoghised as no ' Consolidated Financial Statement'. The resulting diff?re-S^on der^^Sof ^ ''f' of Ind ASin
a„ «»p0„™, hep, « a
2021 of Rs. 1,062.47 lakhs) was after acQustii
L "hT.'ZmS'iS'iTc?“■
6) ^^arles andTts as£7^' NSlL'^!j^b2r"fra'nsfeS'a“S"^^^
Subsequently the company got de-registered on 25th April 2021. ^ company on 22nd January 2021 in accordance J^remTOm^S^^n Snd ^ ''"""‘I [with the liquidation order.]]
7)
^
Non Current Asset Held fo?SwIr^Com^n'j'tad SSS'lSS
^rt of the asset on I4th August 2021. Sub^^nt to 31st^arehToX ^ buyer for the sale of thi:
proposed buyer by the Holding Company subseqiSfi^ lI!^agemSt Holding Company has called off the deal with the proposed buyer The advance received ^ sale of this part of the of^^SSj amwndng to Rs. 406.80 lakhs has been refunded asset did not materialise and tneito J3
in nwr future. Based on these current development, [the Holding Sipany has evalwted the cSJent oStilCfa^ ] h ^ ^ M
sale Is lower than the feir value of tee asset. ^ ^ [^ current position and has concluded that the carrying ][value of the "asset held foil]
8)
9) ^28th September, 202o‘^-n2’MinS^S iSSj^a^^Tm^Sv^e^aJreS^draTm'^^
of Iodia|
cf«ngesareap.^b.lsvettobenobfi^.^H^lngC.ma.„.^rreSte"et^^l^rr5^
10) Following are the details of consolidated gross sales values of business handled Including the values pertaining to agency business handled for which Group earns commission
Rs. In LakhsI
CONSOLIDATED
Particulars Quarter Ended Year Ended
31.03.2022 31.12.2021 31.03.2021 31.03.2022 31.03.2021
(Un-Audrted) (Un-Audited) (Un-Auditedi
Gross value of Business Handled (Including agency business) (Un-Audited) (Un-Auditedl
14,228.86 ' ~--15,582.32 8,546.97 47,809.89 30,396-74
II) The figures for the prevkxjs period^years have been redasslfied/regrouped wherever
necessary.
r^ on behalf of Board of Directors!
Batiil LU.|
0
lAA
Place: MumbaiDate: 27th May, 2022 ^ jy Director y J ^ ^<-SSnjiv Joshi
N:06938810
/
----- End of picture text -----*

==> picture [8 x 5] intentionally omitted <==

----- Start of picture text -----

'W.
----- End of picture text -----

BATLIBOI LTD. Regd. Office: Bharat House, 5th Floor, 104 Bombay Samachar Marg, For^ Mumbai>40000X CIN: L52320MH1941PLC003494

Statement of Consolidated Assets and Liabilities as at 31st March, 2022

Particulars	As On	As On
	31.03.2022	31.03.2021
	(Audited)	(Audited)
ASSETS
(1) Non-current assets
(a) Property, Plant and Equipment
(b) Capital work-in-progress	19,182.37	19,344.33
(c) Right of use assets	160.56	23.79
(d) Other Intangible assets	179.70	99.03
(e) Financial Assets	18.58	30.84
(i) Investments
(ii) Trade receivables	5.27	5.27
(iii) Loans	376.93	190.43
(g) Other non-current assets	0.40	0.76
	100.62	102.13
Non Current Assets
	20,024.43	19,796.58
(2) Current assets
(a) Inventories
(b) Financial Assets	3,422.82	2,744.17
(i) Trade receivables
(ii) Cash and cash equivalents	1,879.51	1,654.89
(iii) Bank balances other than (il) above	1,168.88	537.55
(iv) Loans	34.39	53.34
(v) Others	1,02	7.93
(c) Current Tax Assets (Net)	353.75	410.52
	3.91	8.28
Current Assets
	6,864.28	5,416.68
(3) Non Current Asset Held for Sale
	1,779.39	1,779.39
TOTAL ASSETS
	28,668.10	26,992.65
EQUITY AND LIABILITIES
Equity
(a) Equity Share capital
(b) Other Equity	1,435.79	1,435.79
	11,114.70	11,486.56
	12,550.49	12,922.35
LIABILinES
(1) Non-current liabilities
(a) Financial Liabilities
(i) Borrowings
(ii) Lease payable	4,225.36	4,413.51
(iii) Trade payables	123.93	66.41
(a) total outstanding dues of micro enterprises andsmall enterprises M Site	11.90 193.01	26.32 299.57
(b) Provisions	414.12	378.22
(c) Deferred tax liabiiltles (Net)	367.32	376.85
	1,277.35	1,089.06
	6,612.99	6,649.94 L
(2) Current liabiitties
(a) Financial Liabilities
(i) Borrowings
(ii) Lease Liability	3,036,37	3,137.75
(iii) Trade payables	68.02	43.67
(a) total outstanding dues of micro enterprises andsmall enterprises rK^ dues of aeditors other than micro enterprises andsmall enterprises (b) Onier current liabilities	479.81 2,399.30	398.36 1,800.82
(c) Provisions	3,305.21	1,792.96
	215.91	246.80
	9,504.62	7,420.36
TOTAL EQUITY AND LIABILITIES
	28,668.10	26,992.65
	5(MUMBAr
	ca

BATLIBOl LTD.

CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH, 2022

==> picture [550 x 743] intentionally omitted <==

----- Start of picture text -----

(Rs. In Lakhs)
Year Ended Year Ended
I. CASH FLOW ARISING FROM OPERATING ACTIVITIES' 31 •Mar-22 31-Mar-21
Net Profit / (Loss) Before Tax
Add back: (227.38) 793.33
a) Depreciation
b) Interest Expense 368.03 438.92
c) Interest on Lease Liabilities 689.60 744.76
d) Loss on Sale/Disposal of Assets 11.83 16.57
e) Provision for Doubtful Debts/Advances 3.69 5.14
f) Bad Debts 6.77 193.18
g) Gratuity and Leave Encashment Provision 13.17 27.31
h) Foreign Exchange Loss 95.07 74.78
i) Gain on derecognition of assets and liabilities on loss of control of 39.73 49.84
subsidiary 1,399.97
j) Employee Stock Option Reserve
(2.93) 1,224.96 (18.49) 2,931.98
Deduct;
a) Interest Income
b) Unclaimed Credit Balances Appropriated 1.89 4.88
c) Foreign Currency translation reserve reclassified 140.12 175.87
liquidation and loss of control of subsidiaries to profit and loss on 142.01 (106.87) 73.88
Operating Profit Before Working Capital Changes
Add/ Deduct: 855.57 3,651.43
a) Decrease/ (Increase) in Inventories
b) Decrease/ (Increase) in Trade Receivables and Advances (678.65) 1,358.05
c) Decrease/ (Increase) in Other Current Assets (463.87) 1,167.14
d) Increase/ (Decrease) in Trade and Other Payables 58.64 683.38
2,256.45 1,172.57 (7,057.60) (3,849.03;
2,028.14
(197.60)
Income Taxes (Paid)/ Refund received (net)
(66.02)
(69.73)
Net Cash Inflow / (Outflow) from Operations (A)
1,962.12
(267.33
II. CASH FLOW ARISING FROM INVESTING ACTIVITIES:
a) Interest Income
1.89
b) Proceeds from Sale of Fixed Assets 4.88
c) Acquisition of Fixed Assets 14.88 0.01
d) Decrease/ (Increase) in Bank Deposits (297,60) 666.99
18.95 (261.88) 38.66 710.54
Net Cash Inflow / (Outflow) in Course of Investing
Activities(B)
(261.88) 710.54
III. CASH FLOW ARISING FROM FINANCING ACTIVITIES;
a) Proceeds from/ (Repayment oO in Long Term Borrowings
b) Proceeds from/ (Repayment oO in Short Term Borrowings (223.59) 245.51
c) Payment of Lease Liabilities (including interest (101.39) (125.55)
d) Interest Paid on lease liabilities) (62.17) (91.30)
(681.76) (1,068.91) (737.95) (709.29)
Net Cash Inflow/(OutfIow) in Course of Financing Activities
(C)
(1,068.91)
(709.29),
Net lncrease/(Decrease) in Cash/Cash Equivalents (A+B+C)
631.33 (266.08)
Add; Cash/Cash Equivalents at the beginning of the
year 537.55 803.63
Cash/Cash Equivalents at the end of the
year 1,168.88 S37.5S
Consists of;
Cash in Hand
Bank Balance 4.58 3.63
1.164.30
Closing Cash at the end of the year 533.92
1,168.88 537.55
o \BO
♦ V iVibAi
i[ J? 5<MUMBA)
----- End of picture text -----*

Batliboi Ltd.

==> picture [416 x 135] intentionally omitted <==

----- Start of picture text -----

Legal & Secretarial Department
Regd, & Corporate Office ;
Bharat House, 5th Floor,
104, Bombay Samachar Marg,
Mumbai - 400 001. India
Phone : +91 (22) 6637 8200
Fax ; +91 (22) 2267 5601
E-mail; legal@batliboi.com
Web.: www.batliboi.com
CIN ; L52320MH1941PLC003494
BATLIBOI
----- End of picture text -----

==> picture [95 x 11] intentionally omitted <==

----- Start of picture text -----

Scrip Code: 522004
----- End of picture text -----

==> picture [67 x 11] intentionally omitted <==

----- Start of picture text -----

May 27, 2022
----- End of picture text -----

Dear Sir / Madam,

Sub: Declaration with respect to Audit Report with unmodified opinion to the Audited Financial Results for the Financial Year ended on 31^^ March. 2022

We hereby declare that the Statutory auditors Mukund M. Chitale & Co., Chartered Accountants (Firm Regn No. 106655W) have issued the Audit Report with the Unmodified Opinion on Standalone and Consolidated Audited Financial Results for the Financial Year ended on 3U* March, 2022.

The above declaration is made pursuant to Regulation 33 (3) (d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

This is for your kind information and records.

Thanking You,

Yours Faithfully,

==> picture [104 x 111] intentionally omitted <==

----- Start of picture text -----

For Batliboi Limited
Sanjiv Joshi ■-
Managing Director
----- End of picture text -----

Place: Mumbai