Batliboi Ltd — Audit Report / Information 2023

May 26, 2023

Batliboi Ltd.

Legal & Secretarial Department Regd. & Corporate Office : Bharat House. 5th Floor, 104, Bombay Samachar Marg, Fort, Mumbai - 400 001 India Phone : +91 (22) 6637 6200 Fax 1+91 (22) 2267 5601 E-mall: l©gai@batliboi.com Web ' WWW batliboi.com CIN ■ L52320MH1941PLC003494

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BATLIBOI
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Scrip Code: 522004

26'*' May, 2023

Dear Sir / Madam,

Subject: Outcome of Board Meeting No. 1/2023-24 under (LODR) Regulations. 2015

Regulation 30 nf SF.Rf

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 26, 2023 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 31,2023.

1. Auditors’ Report on the Audited Financial Results (Standalone and Consolidated) for the

Financial Year ended March 31,2023

1. The 79'" Annual General Meeting of the Company will be held on Friday, July 28, 2023,

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, 22'“* July, 2023 to Friday, 28'" July, 2023 (both days inclusive).

1. Appointment of M/s. RSM India, Chartered Accountants, as the Internal Auditors for the Financial Year 2023-2024. (Breif profile attached in Annexure I)

2. Appointment of M/s. D. S. Momaya & Co. LLP, Company Secretaries, as the Secretarial Auditors for Financial Year 2023-2024 (Annexure II)

BATLIBOl

1. Approved the grant of 25,000 options out of lapsed and unutilized stock options, to

eligible employees under the “EMPLOYEE STOCK OPTION PLAN” :Scheme of the Company

1. Approved the allotment of 73,333 equity shares of face value of Rs. 5 each at an exercise price of Rs. Rs.15.75 pursuant to the exercise of options by eligible employees under

EMPLOYEE STOCK OPTION PLAN” Scheme of the Company

The equity shares so allotted under the ESOP Scheme shall rank pari passu with the existing equity shares of the Company in all respects.

Post Allotment, the issued and paid-up equity share capital of the Company stands increased from Rs. 14,44,29,405/- comprising of 2,88,85,881 equity shares of Rs. 5/- each fully paid-up to Rs. 14,47,96,070/- comprising of 2,89,59,214 equity shares of Rs. 5/each fully paid up.

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

The Meeting commenced at 12.00 P.M. and concluded at 03:55 P.M.

Kindly take the same on your record.

Thanking you

Yours faithfully. For Batliboi Limited

POOJA Digitally signed by POOJA ROHIT ROHIT SAWANT Date: 2023.05.26 SAWANT 16:07:06 +05'30' Pooja Sawant Company Secretary ACS - 35790

Place: Mumbai Enel: As above

BATLIBOl

Annexure I	Annexure I
Name	M/s. RSM India
Designation	Internal Auditor
Date of Appointment & Term of Appointment	May 26,2023 for the financial year 2023- 2024
Brief Profile	RSM Astute Consulting Group & Suresh
	Surana & Associates LLP - together referred
	as RSM India is the member of RSM
	International since 1996. Consistently ranks
	amongst India’s top audit, tax and consulting
	groups (International Accounting Bulletin-
	India Surveys 2011-21). Group strength of
	over 3000 personnel and PAN - India
	presence with offices in 12 key cities. Core
	services include Internal Audits & Risk
	Advisory, Corporate Tax & GST, External
	Audits, IT Systems Assurance/ Solutions and
	Operations Consulting. Multi-disciplinary
	personnel comprising of CAs, MBAs,
	Engineers, CMAs, CISAs/ISAs, Forensic
	Professionals, Company Secretaries & Law
	Graduates, etc.
Disclosure of relationship between Directors	NA
(in case of Appointment of as a Director

	Annexure 11
Name	M/s. D. S. Momaya & Co LLP
Designation	Secretarial Auditor
Date of Appointment & Term of	May 26,2023 for the financial year 2023-
Appointment	2024
Brief Profile	M/s. D. S. Momaya & Co LLP., Company
	Secretaries are compliance conglomerate and
	compliance coach vrith 18 years of Industry
	experience. Ms. Divya Momaya, founder
	partner 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 is
	alsoFounder of MENTORMYBOARD,
	Empanded as a faculty with MCED, and
	Recipient of Dr Sarojini Naidu, the
	Nightingale of India, International Award for
	Working Women 2022. Her expertise lies in

BATLIBOl

	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, Secretarial Services, Incorporation
	Compliance Management on Retainer ship
	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 Digitally signed by POOJA ROHIT ROHIT SAWANT Date: 2023.05.26 SAWANT 16:06:41 +05'30'

Pooja Sawant Company Secretary ACS 35790

Place: Mumbai

End: As above

Batliboi Ltd.

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

Scrip Code: 522004

Dear Sir / Madam,

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May 26,2023
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Declaration with respect to Audit Report with unmodified oninion to the AnHit.d Financial Results for the Financial Year ended on 31“ March. 2023

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, 2023.

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,

For Batliboi Limited

SanjirJoshi Managing Director

Place: Mumbai

MUKUND M. CHITALE &CO.

2nd Floor, Kapur House, Paranjape B Scheme Road No.1, Vile Fade (E), Mumbai 400057 T: 91 22 2663 3500 www.mmchita1e.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 SEBI (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] March 2023, attached herewith, being submitted by the[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, these Standalone finandal 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 profit[including other] comprehensive income and other financial information for the quarter and year ended 31*' March 2023.

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 w/ith[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.

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 profit including other] comprehensive income of the Company and other financial[information in ac<»rdance] with the applicable accounting standards prescribed[under Section 133 of the Act read]

i

MUKUND M. CHITALE &CO.

CHARTERED ACCOUNTANTS

with the ailes issued thereunder and other accounting principles generally accepted in India and in compliance with the Listing Regulations. TTiis 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 tnje and fair view and are free from material misstatement whether due to fraud or error.

In preparing Hie Standalone finandal 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 financial reporting process of the Company.

Auditor’s Responsibilities for the Audit of the Standalone Ind AS Financial R^ults

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:

i) Identify and assess the risks of material misstatement of the Standalone finandal results, \^ether 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 Hian 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 Company has adequate internal financial controls system in place and the operating effectiveness of such controls.

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

MUKUND M. CHITALE &CO.

CHARTERED ACCOUNTANTS

iv) Conclude on the appropriateness of ttie Board of Director’s use of the going concern basis of accounting and, based on the audit evidence obtained, wrfrether 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 tfie 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 v\^rether 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, induding 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 tinought to bear on our independence, and where applicable, related safeguards.

Other Matters

5, The Standalone financial results include the results for the quarter ended 31” March 2023 and 31” March 2022 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: 23039685BGXBLW9101 Place: Mumbai Date: 26*" May 2023

BATUBOI LTD.

Regd. Offlce: Bharat Haute, 5th Floor, 104 Bombay Samachar Marg, Fort, Mumbai-400001 ON: L52320MH1941FLC003494

AUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND YEAR BIDED 3iST MARCH, 2023

(Rs. In Lakhs]

PARnCULARS		STANDALONE	STANDALONE
		Quarter Ended		Year	Ended
	31.03.2023	31.12.2022	31.03.2022	31.03.2023	31.03.2022
	(Reviewed)	(Reviewed)	(Reviewed)	(Audited)	(Audited)
1. INCOME
(a) Revenue from Operations	4,637,41	5,026.34	4,305.19	19,485.47	14,606.94
(bl Other Income	248.73	114,47	107.62	504,52	266.55
TOTAL INCOME	4,886.19	5,140,81	4,412.81	19,989.99	14,873.49
2. EXPENSES
Ca) Cost of Materials Consumed	1,720.64	1.472.36	1,658.30	6,589.89	5,765.65
Purchase of Sock In Trade (b)	1,117.73	1,366.82	1,315.20	5,421-77	4,035.97
Changes In Inventories of finished goods, work in progressand stock (C)	31.22	259.91	(147.22)	336,78	(333.57)
In trade
(d) Employees benefits expenses	617.88	565.20	630,41	2,410.34	2,262.40
(e) Finance Costs	95,94	I30.S5	227.88	465.92	793.71
(f) Depreciation a Amorttsabon expenses	82.44	82.92	77.17	324.01	297.72
(g) Other expenses	1,024.13	901.65	690.37	3,588.32	2,521.89
TOTAL EXPENSES	4,689.98	4,779.41	4,452.11	19,157.03	15,343.77
3. PROFIT/(LOSS) BEFORE EXCEPTIONAL ITEMS AND TAX 4, Exceptional Items - (Expense)/Income	196.21	361.40	(39.30)	832.96	(470.28)
5. PRDFIT/(LOSS) BEFORE TAX	196.21	361.40	(39.30)	832.96	(470.28)
6. Tax Expenses
(a) Current Tax
(b) Earlier Year Tax			(0.97)		(1.92)
(c) Deferred Tax Credit/(Charge)	(18.75)	102.66	(214,87)	35.32	(80.07)
(d) Mat credit (Reversal)				(11.43)	(111.89)
7. NET PROFIT/(LOSS) FOR THE PERIOD	177.46	4644M	(255.14)	856.85	(664.16)
S. Other Comprehensive Income
(I) Items that will not be reclassified to profit orloss
Actuarial aaln/[Loss) on employee defined benefits	(6.22)	(10.01)	52.02	11.17	59.28
(il) Income tax retabng to Items brat will not be redassifiedto profit
or loss
Deferred Tax Irroatt on above	1.73	2.28	(13J2)	(3.11)	(1541)
9. Total Comprehensive Income	172.97	456.33	(216.64)	864.91	(620.29)
10. Paid-up Equity Share Capital	1444.29	1435.79	1435.79	1444.29	1435.79
(Face Value Rs.5/- per share)
11. Basic EPS for the Period (Rs. Per Share)	0.62	1.62	(0.89)	2.98	(2J1)
12. Diluted EPS for the Period (Rs. Per Share)	0.60	1.61	(0.89)	X90	(2-31)

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< MUMBAI )rn
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BATUBOI LTD. Regd. Office: Bharat House, Stti Floor, 104 Bmobay Semaeltar Marg, Fort, Muinbai-400001 CIN: L52320MH1941PLC003494

, , CIN: L52320MH1941PLC003494
Statement oF Standalone Assets and Liabilities as at 31st March, 2023
		(Rs. In Lakhs)
Particulars	As on	As on
	31.03.2023	31.03.2022
	(Audited)	(Audited)
ASSETS
(1) Non-current ajieU
(a) Property, Plant and Equipmettf	18,385-48	18,444.44
(D) Capital work-in-progress	23.10	160.56
(c) Right of use assets	117.86	179.70
(d) Other IntanglUe assets	11.92	15.06
(e) RnanOal Assets
(i) InvesttnenB	563.10	537.16
(il) Trade receivables (III) Loans (f) Other non-current assets	267.27 0.04 66-72	376.78 0,40 100.62
Non Current Assets	19,435.49	19.814.72
(2) Current assets
(a) Inventories (b) Rnandal Asseb	1,750.65	2,243.62
(I) Trade retsivables (II) Cffih and ca^ equivalents	1,622,24 169.92	1,144.71 8.47
(III) Bank balances other than (II) above	199.25	34.39
(iv) Loans	0-51	1.02
(v) Others	207.65	278.10
(c) (iirtent Tax Assets (Net)	34.02	60.63
Current Assets	3.9B4.24	3.770.94
3 Non Current Asset Held for Sale	1,779,39	1,779.39
TOTAL ASSETS	25,199.12	25,365.05 i
EQUnV AND LIABIUnES
Equity
(a) Epuitv Share capital	1,444.29	1,435.79
(b) Other Equity	10,542.46	9,660.61 4
	11,986.75	11.096.40
LIABZLmES
(1) Non-current liabilities
(1) (a) Rnandal Liabilities
Borrowings Lease Liabilities II.	5,518.71 83,34	3,602.36 123.93
Trade payables IM.
(a) total outstanding dues of micro enterprises andsmall enterprises	15.01	11.90
(b) total ouKtandlng dues of creditors other than microenterprises and small enterphses	145.61	192.86
Other Rnandal liabilities Iv. (b) Provisions	95,04 376.31	84.65 367.32
(c) Deferred tax liabilities (Net)	1,277.57	1,298.35
(c) Other non-current llablittles	346.19	329.46
	7.857.7B	6,010.83
(2) Current iiabilitiee
(a) Financial Liatatities
(I) BoiTowings	1,215.08	3,007.10
(ii) Lease Liabilities	47,88	68.02
(ill) Trade payables
(a) total outstanding dues of micro enterprises andsm^l enterprises	584.65	479-81
(b) totai outstanding dues of creditors other than mlao enterprises and small enteprises	1,373.45	1,656.64
(b) Other current liabilities	2,024.20	2,958.57
(c) Provisions	109.33	B7.6B
	5,354.59 1	8,257.82 t
TOTAL EQUITY AND LIABILTFES	25,199.12 i	25,365.05 i

Notes to Standalone Financial Results:

• 1) ■nie above results were reviewed by the Audit Committee and approved by tJie Board of Directors at their meedng held on 26th May 2023 and have been subject to audit by the statutory auditors of the Company.

• 2) The figures of the quarters ended 3lst March 2023 and 31st March 2022 are the balancing figures between Bie audited figures in respect of the full financial year and the published figures of nine months ended 31st December 2022 and 31st Decsmber 2021 respectively, which were subject to limited review by the statutory auditors.

• 3) The Company operates in one segment as Tnduanal Equipment, since there Is no other reportable segment as defined under ind AS 108 "Cterating Segments”, no separate disclosure has been given.

• The TaaOon Laws (Amendment) Act, 2019 provides domestic companies with an option to opt for lower tax rate, provided they do not claim certain deductions. The Company has presently considered the rate existing prior to the ametjOmenL The Company shall evaluate the option to opt fipr lower tax rate once It ubilses the earned forward losses available under the Income Tax Act.

• S) The Company had decided to sell a part of Land and Building out of the total factory land and building located at Surat which Is disclosed as Non-Current Asset held for sale. The Company continues to look for a buyer.

• 6) During We year ended 31st March 2023 (quarter ended 3CWi September 2022), the Company had written off amourrt receivable on account of trade receh/abie from one of Its related party amounUng to Rs. 131.56 Lakhs which has been recognised as part of other expenses In the Statement of Profit and Loss.

• 7) Queen Projects (Mauritius) Ltd, MaurlQus, Subsidiary Company of the Company is undergoing a voluntary liquidation process, as It Is desirable for the Ormpany to have direct control d QuIckmill Inc. and 760 Rye Sreet Inc. (Canada) which are currently its Step down subsidiary Companies.

• 8) The Code on Social Security, 2020 (“Code") relating to employee benefits during the employment and post-employment benefits had been published in the Gazette of India on 28th September, 2020. The Ministry of Labour and Employment had released draft rules for the G)de wi 13th November, 2020. The effective date from which these changes are applicable Is yet to be nodfied. The Company will assess and record the impact, If any, when the rules are nodfied and the Code becomes effective.

• 9) During the quarter and year ended 31st March 2023, the Company allotted 1,69,998 equity shares, of face value Rs. 5/- each on exercise erf stock opOons by the eligible employees under the prevailing Employees Stock Option Plan ('ESOP') scheme of the Company.

• 10) Following are the details of Standalone gross sales values of business handled including the values pertaining to agency business handled for which Company earns commission :

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Rs. In Lakhs
STANDALONE
Particulars Quarter eroded Year Ended
31.03.2023 31.12.2022 31.03.2022 31.03.2023 31.03.2022
(Un-Audited) (Un-Audtted) (Un-AudIted) (Un-Audited) (Un-Audited)
Gross value of Business Handled (Including agency business) 12,996.78 17,966.48 12,947.51 63,582.95 42,758.30
11) The figures for the previous periods/years have been redasslfled/regrouped wherever necessary.been redasslfled/regrouped wherever necessary.
For and on behalf of Board of Directors
Batiiboi Limited
11
\l SanjivJoshi
Managing Director
DIN: 0B938810
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11) The figures for the previous periods/years have been redasslfled/regrouped wherever necessary.been redasslfled/regrouped wherever necessary.

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Place: Mumbai
Date : 26th May 2023
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BATLIBOl LTD.
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STANDALONE CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST
MARCH, 2023
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(Rs. In Lakhs)
Particulars Year Ended Year Ended
31-Mar-23 31^ar-22
I. CASH FLOW ARISING FROM OPERATING ACTIVITIES:
Net Profit / (Loss) Before Tax and Exceptional Items 832.96 (470.28):
Add Back:
a) Depreciation 324.01 297.72
b) Interest Expense 373.87 668.65
c) Interest on Lease Liabilities 17.98 11.83
d) Loss on Sale/Disposal of AssetsZ/^ets Written off 0.10 3.69
e) Bad Debts 383.77 13.17
0 Provision for Doubtful Oebts/Advances 27.70 6.77
g) Gratuity and Leave Encashment Provision 90.51 95.07
h) Foreign Exchange Loss 29.97
i) Investment Written off 0,27
j} Reversal of SEIS Entitlement recoverable 12.26 21.35
k) Employee Stock Option Resen/e lL34i 1,229.13 (2.93) 1,145.29
Deduct:
a) Interest Income 11.98 14,77
b) Profit on Sale of Fixed Assets 0.25
c) Reversal of Provision for Doubtful Debts 210.27
d) Foreign Exchange Loss 59.66
e) Unclaimed Credit Balances /^propriated 35.68 318.04 140.12 154.89
Operating Profit Before Working Capital Changes 1,744.05 520.12
Add/ Deduct:
a) Decrease/(In^ease) in Inventories 492.97 (731.64)
b) Decrease/ (Increase) in Trade Receivables and /Advances (568.35) (288.22)
c) Decrease/ (Increase) In Other Current Assets 66.15 53.27
d) Increase/ (Decrease) in Trade and Other Payables (961.44) (970.67) 1,677.89 711.30
773.38 1,231.42
Income Taxes Paid / (Refund) (net) (26.60) 0.79
Net Cash Inflow / (Outflow) from Operations (A) 799.98 1,230.63
II. CASH FLOW ARISING FROM INVESTING ACTIVITIES:
a) Interest Income 11.98 14.77
b) Proceeds from Sale of Property, Plant and Equipment 56.49 14.88
c) Acquisition of Property, Plant and Equipment (117.04) (233.68)
d) Investments written off (0.27)
d) Decrease/ (Increase) in Bank Deposits (164.86) (213.70) 18.94 (185.09)
Net Cash Inflow / (Outflow) in Course of Investing Activifles(B) (213.70) (185.09)
III. CASH FLOW ARISING FROM FINANCING ACTIVITIES:
a) Proceeds from issue of Equity Shares under ESOP Scheme 26.77
b) Proceeds from/ (Repayment of) in Long Term Borrowings 1,784.52 (222.66)
c) Proceeds from/ (Repayment oO in Short Tenn Borrowings (1,792.02) (97.57)
d) Payment of Lease Liabilites (including interest on lease liabilities) (80,62) (62.17)
e) Interest Paid (^3.48) (424.83) (660.81) (1,043.21)
Net Cash inflow/(Outflow) in Course of Financing Activities (C) (424.83) 11,043.21)
Net lncrease/(Decrease) in Cash/Cash Equivalents (A+B+C) 161.45 2.33
Add: Cash/Cash Equivalents at the beginning of the year 8.47 6.14
Cash/Cash Equivalents at the end of me year 169.92 8.47
Consists of:
Cash in Hand 3.65 4.5S
Bank Balance 166.27 I \ 5 C 3.89
Closing Cash at the end of the year 169.92 % V 8.47

oW7l ^5 BAI
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MUKUND M. CHITALE &CO.

2nd Roor, 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 Batliboi Limited Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

To

The Board of Directors of Batliboi 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 Batliboi Limited (the ‘Holding Company’) and its subsidiaries (collectively referred to as 'the Group') for the quarter and year ended 31** March, 2023, 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 tfie 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) are 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 profit including other comprehensive income and other financial information of the Group for the quarter and year ended 31” March 2023.

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 frie 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

Management’s responsibility for the Consoiidated 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 of the net profit including other comprehensive income of the Group and[oWier finanda! information in] acconjance with foe applicable accounting standards prescribed under Section 133 of the Act read with the rules issued foereunder 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 foe] 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 foe 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 foe Holding Company, as aforesaid.

In preparing the Consolidated financial results, foe[respective Board of Directors of the] companies included in foe Group are responsible for assessing foe ability of the each Company 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[company or to cease operations, or has] no realistio alternative but to do so.

The respective Board of Directors of foe Companies included in foe 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 vfoefoer foe Consolidated] financial results as a whole are free from material misstatement, whether due to fraud or enor, 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 foe 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 foe risks of material misstatement[of the Consolidated financial] results, whether due to fraud or error, design and[perform audit procedures responsive to]

4

MUKUND M. CHITALE &CO.

CHARTERED ACCOUNTANTS

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 drcumstances. 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/hnandal 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, sudi 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.

We communicate with those charged with governance of the Holding Company and such other entities included in the Consolidated rinancial 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 writh 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

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

Other Matters

5- We did not audit the financial statements and other financial information, in respect of three subsidiaries, whose financial statements and other finandal information include excluding consolidation eliminations total assets of[Rs. 9,815.20 Lakhs as at 31^' March] 2023; total revenues of Rs. 2,036.37 Lakhs and Rs. 5,985.38 Lakhs for the quarter and year ended 31®' March 2023 respectively; total profit/{loss) after tax (net) of Rs. 30.12 Lakhs and Rs. 195.96 Lakhs for the quarter and year[ended 31"] March 2023 respectively: total comprehensive income of Rs. 30.12 Lakhs and Rs. 195.96 Lakhs for the quarter and year ended 31*' March 2023 respectively and net cash outflows of Rs. 870.94 Lakhs for the year ended 31 ** March 2023. These Ind AS financial statements and other financial information have been audited by other auditors whose financial statements, other finandal 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 on the Consolidated financial results is not modified in respect of the above matter vnth respect to our reliance on the work done and the reports of the other auditors.

1. The Consolidated financial results indude the results[for the quarter ended 31® March] 2023 and 31® March,2022 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 subjojted 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: 23039585BGXBLX2603 Place: Mumbai Date: 26"' May 2023

MUKUND

M. CHITALE

&CO.

CHARTERED ACCOUNTANTS

Annexure ‘I’

(Referred to in para 1 of our Independent Auditor’s[Report on Consolidated audited] Quarterly Financial Results and Year to Date Consolidated audited Rnancial Results)

Sr. No. Name of the Subsidiary

1 Queen Projects (Mauritius) Ltd.

Sr. No. Names of the Step^own Subsidiaries

1. Quickmill Inc,

2. 760 Rye Street Inc.

BATUBOI LTD. Regd. Office: Bharat Houte, Stti Floor, 104 Bombay Samachar Marg, Fort Miimbai*4000(}l an: L52320MH1941PLC003494

AUDnCD CONSOUDATEO FINANCIAL RESULTS FOR THE YEAR ENDED 31ST MARCH, 2023

Rs. In Lakha

PARTICULARS			COHSOUOATED
		Quarter EBded		Year	Ended
	3103.2023	31.12.2022	31.03.2022	31.03.2023	31.03.2022
	(Reviewed)	(Reviewed)	(Revlewad)	(Audited)	(Audited)
1. INCOME FROM OPERAHONS
Revenue from Operations (a)	6,657.95	6,960.43	5,586.54	25,383.26	19,658.53
Other Income (B)	241,82	96.34	94.44	453.55	213.50
TOTAL INCOME FROM OPERATIONS	6,899.77	7,056.77	5,680.98	25,836.81	19,87Z03
2. EXPENSES
(a) Cost of Materials Consumed	2,906.58	2,109-35	2,518.20	9,840.52	8,317.25
PurtJiase of Stod< in Trade (B)	1,117.73	1,366-82	1,315.20	5,421.77	4,035,96
Changes In inventories of dnisied goods, wodi In progressand stock (0	(2.S3)	536.77	(407.96)	27,64	(169.52)
In trade
(d) Employees benefits ei^nses	1,187.42	1,001.65	985.67	4,241,83	3,754.09
(e) Rnance Costs	99.72	146.96	232,02	522.29	828.53
(f) Depredation & Amortlsabon expenses	124.15	99.95	88,75	416.96	368.03
(g) Other expenses	1.229.96	1.052.57	827.93	4,255.86	2.965.07
TOTAL EXPENSES	6,663.03	6,314.07	5,559.81	24,726,87	20,099.41
3. PROFIT/(LOSS) BEFORE EXCEPTION/U. ITEMS AND TAX	236.74	742.70	121.17	1,109.94	(227.38)
4 Excepbonal Items
5. PROFn/(LOSS) FROM BEFORE TAX	236.74	742.70	121.17	1,109.»4	(227.38)
6 Tax Ewienses
(a) CurrentTax	(21.85)	(55.10)	(48.90)	(77,93)	(68,34)
(b) Earlier Year Tax			(0.97)		(1.92)
(c) Deferred Tax (Charge) / Credit	(18.70)	72.33	(195.79)	35.37	(60.99)
(d) Mat Qedit Charged				(11.431	(111.891
7. NET PROFIT/(LO$S) AFTER TAX 8. Other Comprehensive Income	196.19	759.93	(124,49}	1,«S.9S	(47032)
(1) Items that will not be redassified to profit orloss
Actuarial gain/(L055) on employee defined benefits	(6.22)	(10.01)	5Z02	11.17	59.28
(11) Income tax r^ng to Items that will not be reclasifledto profit or
toss
Deferred Tax Impact on above	1.73	2.28	(13.52)	(3.11)	(15.41)
(ill) Items that will be reclassified to profit orloss
Effects of changes in rates of foreign currency monetaryItems	22.87	(16.71)	31.86	(22.84)	57.73
9. Total Comprehentive Income (Refer Note 5(b}]	21437	733.49	(S4.13)	1,041.17	(368.92)
10. Paid-up Equity Share Capital	1,444.29	1,435.79	1,435.79	1,444.29	1,435.79
(Face Value Rs.S/- per share)
11. Basic B DlluM EPS far the Period (Rs. Per Share]
(1) Basic EPS	0.68	2.65	(0A3)	3.67	(1-64)
(2) Diluted EPS	0.67	2.64	12^	337	^1342

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7 I'T [mumbat
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BATUBOI LTD.

Repd. Office: Bharat House, 5th Floor, 104 Bombay Samaehar Maip, Fort, Muinbal-400001 aN! L52320HH1941PLC0034M

ftatement of Consolidated Assets and Uabilltlet as at 31st March, 2023

ftatement of Consolidated Assets and Uabilltlet asat 31st March,	2023
Particulars	As at	As at
	31.03.2023	31.03.2022
	(Audited)	(Audited)
ASSETS
(1) Non-current assets
(a] Property, Plant and Equipmert	19,m.08	19,182.37
(b) Capital work-in-progress	a. 10	160.56
(c) Right of use assets	117.87	179-70
(d) Other Intangible assets	IS.IO	18.58
(e) Financial Assets
(i) Investments	S.OO	5.27
(II) Trade receivables	267.27	376.93
(III) Loans	0.04	0.40
(f) Otfte non-current ssets	66.72	100.62
Non Current Assets	19.616.1B	20,024.43
(2) Current assets
(a) Inventories	3,328.34	3,422.82
(b) Financial AsseB
(1) Trade recelvaDies	3,158.51	1,879.51
(II) Cash and cash equivalents	463.75	1,168.88
(ill) Bank balaraxs olher than (H) above	199.25	34.39
(nr) Loans	0.51	1.02
(v) Others	304,07	353.75
(c) Current Tax Ass^ (I'iet)		3.91
Current Assets	7,454.43	6,864.28
(3) Non Current Asset Held for Sale	1,779.39	1,779.39
TOTAL ASSETS	28,850.00	28,668.10 t
EQUITY AND LlABtUTIES
Equity
(a) Equity Share capital	1,444.29	1,435.79
(b) Other Equity	12,172-80	11.114,70
	13.617.09 i	12,550.49
LIABIUTTES
(1) Non-current liabilides
(a) FInanciel babDities
(I) Borrowings	6.125.70	4,225.36
(ii) Lease uabiiiDes	83.34	123.93
(ill) Trade payable
(a) total outstanding dues of mlcrd enterprises andsmall enterprises	15.01	11.90
(b) total outstandir>g dues of cretktors other than mlao enterprises and small enterpr^	145,61	193.01
(iv) Other financial liabllibes	95.04	84.65
(b) Provisuns	376.31	367.32
(c) Deferred tax kabiWes (Net)	1,256.51	1,277.35
Id) Other non-current BabHlbes	346.20	329.47
	8,443.72	6,612.99 I
(2) Current llabUKta
(a) Financial Liabllibes
(i) Borrowings	1,235.58	3,036-37
(II) Lease Liabilities	47.88	68.02
(iii) Trade payables
(a) total outstanding dues of micro enterprises andsmall enterprises	584.65	479.81
(b) totel outstandirtg dues of creditors other thanmicro enterprises and small enter^lses	2,204.62	2,399-30
(b) Other current liabllibes	2,444.98	3,305-21
(c) Provisions	227.32	215.91
(d) Current Tax Liabilities (net)	44.16
	6,789.19	9,504.62
TOTAL EQUITY AND UABIUTIES	28,850.00 1	28.668.10 1

Notes to Consolidated Financial ResuKsi

• 1) T?ie above Consolldatsd Hnancial results have been reviewed by the audit committee and approved by the Board of Directors at Its meeting held on 26th May, 2023 and have been subject to audit by Ihe statutory auditors of the HoUng Comoany.

• 2) The hgures of the quarters ended 31st March 2023 and 31st March 2022 are the balanctig figutes between the audited figures In respect of the full finandal year and the [XJbllsheO figures of nine months ended 31st December 2022 and 3Ist December 2D21 respecBvety, which were subject to limited review by the statuRjry audttors.

• 3) The Group operates hi one segment as 'Industrial Equipment', since there is no other reportable sesment as defined under Ind AS lOS ■OpeiatinQ Segments", no sepaete disclosure has been given.

• ■») The Taxation Laws (Amendment) Act, 2019 provides domestic companies with an opben to opt for lower tax rate, prewded they do not ctaim certain deductions. The Holding Company has preseitly considered the ram exisbng prbr to the amendmenL The Holding Company shall evaluate the option to opt for lower tax rats once It utilise the cvhed Forward losses available under the Income Tax AcL

• S) The Holding Company nad decided to sell a part of Land and Building out of the total factory land and building located at Surat which is disclosed as Non-Current Asset hek for sale. The tympany continues to look for a buyer.

• 6) Queen Projects (Mauritius) Ltd, Mauribus, Immediae Subsidiary Company of the Holding Company is undergoing a voluntary liquldabcxi process, e It Is deshaUe for the Holding Company to have direct control of Quidtmill Inc. and 760 Rye Street Inc. (Canada) which are currently its step down Subsidiary Companies.

• 7) During the year ended 31st Marth 2023 (quvter ended 30Ui Seftember 2022J, the Holding (^pany had written off amount recelv^ile on account of trade receivable frorr cne of its related party amounflng to Rs. 131.56 Lakhs which has been recognised as part of other expenses in the Consttidated Statement of Profit and Loss.

• 8) During the giorsr and yes' ended 31st March 2023, the Hiding Company allotted 1,69,998 equity shares, of face value Rs. 5/- eadi on exedse of stodc nibens by the eligible employees under the prevailing Employees Stock Option Plan ('ESOP*) scheme of the Holding Company.

• 9) The Code on Sod^ Security, 2020 ("Code*) relating to empioyee bdiefid dunng the employment and pcst-employment benefits has been published In the GazetK of Indu on 2{Rh September. 2020. The Ministry of Labour and Employment has released drafi rules for the Code on 13th November, 2020. The effective date from which thesf changes are appIcMIe 6 yet b be notified. The Holding Company wilt assess and reoird the Impact, if any, when the rules are notified and the Code becomes effective.

• 10) Following are the details of consolldatsd gross sales values of business handled Including the values pertaining to agency business handled For which Group earns commission :

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Rs. In Lakhe
COHSOUDATEO
Quarter Ended Year Ended
Particulars
31.03.2023 31.12.2022 31.03.2022 31.03.2023 31J3.2022
(Un-Autfted) (Un-Audited) (Un-Audited) [Un-Auditedl (Un-Audlted)
Gloss value of Buskiess fondled (Including agency business) 14,946.00 20,005.26 14,228.86 69,480.^ 47,809.89
11] The figures for the previous pehods/years have been rectauified/regiouped wherever necessary.been rectauified/regiouped wherever necessary.
For and on behalf of Board of Directors
— BaHIboi Ltd.
/
1
SafSivloshi
ling Director
«: 08938810
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11] The figures for the previous pehods/years have been rectauified/regiouped wherever necessary.been rectauified/regiouped wherever necessary.

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Place: Mumbai
Date: 2ttli May, 2023
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BATLIBOl LTD.

CONSOLIDATED STATEMENT OF CASH FLOW FOR THE YEAR ENDED 31ST MARCH, 2023

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(Rs. In Lakhs)
Particulars Year Ended Year Ended
31-Mar-23 31-Mar-22
I. CASH FLOW ARISING FROM OPERATING ACTIVITIES:
Net Profit / (Loss) Before Tax 1,109.94 (227.38)
Add back:
a) Depreciabon 416.96 366.03
b) Interest Expense 411.91 689.60
c) Interest on Lease Liabilities 17,98 11.83
d) Loss on Sale/Dtsposal of Assets 0.10 3.69
e} Provision for Doubtful Debts/Advances 383.77 6,77
f) Bad Debts 27,70 13.17
g) Gratuity and Leave Encashment Provision 90.51 95.07
ti) Foreign Exchange Loss 39,73
i) Investment Written off 0.27
j) Reversal of SEIS EnUtlement recoverable 12.26
k) Employee Stock Option Reserve (1.34) 1,360.12 (2.93) 1.224.96
Deduct:
a) Interest Income 13.62 1.89
b) Profit on Sale of Fixed Assets 0-25
c) Reversal of Provision for Doubtful Debts 210-27
d) Foreign Exchange Gain 61.88
e) Unclaimed Credit Balances Written Back 35.68 321.70 140.12 142.01
Operating Profit Before Working Capital Changes 2,148.36 865.57
Add/ Deduct;
a) Decrease/ (Increase) in Inventories 94.48 (678.65)
b) Decrease/ (Increase) in Trade Receivables and Advances (1,370.04) (463.87)
c) Decrease/ (Increase) in Other Current /\s$ets 71.95 58.64
d) Increase/ (Decrease) In Trade and Other Payables (779.74) (1.983.36) 2,256.45 1,172,57
165.01 2,028.14
Income Taxes (Paid)/ Refund received (net) (70-92) (66.02)
Net Cash Inflow / (Outflow) from Operations (A) 94.09 1,962.12
II. CASH FLOW ARISING FROM INVESTING ACTIVITIES:
a] Interest Income 13.62 1.89
b) Proceeds from Sale of Property, Plant and Equipment’s 56.49 14.88
c) Acquisition of Property, Plant and Equipment's (207.83) (297.60)
d] Investments written off (0.27)
e) Decrease/ (Increase) in Bank Deposits (164.85) (302.84) 18.95 (261.88)
Net Cash Inflow / (Outflow) in Course of Investing Activities(B) (302.84) (261.88)
III. CASH FLOW ARISING FROM FINANCING ACTIVITIES:
a) Proceeds from issue of Equity Shares under ESOP Scheme 28.77
b) Proceeds from/ (Repayment of) in Long Term Borrowings 1,759.77 (223.59)
c) Proceeds from/ (Repayment of) in Short Term Borrowings (1,800,79) (101.39)
d) Payment of Lease Liabilities (including interest on lease liabilities) (80.62) (62.17)
c) Interest Paid (401.51) (496.38] (681.76) (1.068,91)
Net Cash lnflow/(Outflow) in Course of Flrranclng Activities [(C)] (496.38) (1,068.91)
Net lncrease/(Decrease) in Cash/Cash Equivalents (A+B+C) (705.13) 631.33
Add: Cash/Cash Equivalents at the beginning of the year 1,168-88 537.55
Cash/Cash Equivalente at the end of the year 463.75 1.168.88i
Consists of:
Cash in Hand 3.65 4.56
Bank Balance 460.10 1,164.30
Closing Cash at the end of the year t,. C.V/r, <«•' 463.75 4 1,168.88
£
O • I 32 rr.
13A1
V
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