Batliboi Ltd — Interim / Quarterly Report 2023

Feb 10, 2023

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Scrip Code: 522004

10[th] February, 2023

Dear Sir / Madam,

- Subject: Outcome of Board Meeting No. 4/2022 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. 10[th] February, 2023 have inter-alia considered and approved the following matters.

1. The Un-audited Standalone & Consolidated Financial Results of the Company for the Quarter and nine months ended 31[st] December, 2022.

2. Limited Review Report on the said Results issued by the Statutory Auditors for the Quarter and nine months ended 31[st] December, 2022.

3. Approved amendment to Employee Stock Option Plan Scheme to bring it in line with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

4. Approved the grant of 8,30,000 options out of lapsed and unutilized stock options, to eligible employees under the “EMPLOYEE STOCK OPTION PLAN” Scheme the Company

5. Approved the allotment of 1,69,998 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. 14,35,79,415/- comprising of 2,87,15,883 equity shares of Rs. 5/each fully paid-up to Rs. 14,44,29,405/- comprising of 2,88,85,881 equity shares of Rs. 5/- each fully paid up.

1. Alteration of Object Clause of the Memorandum of Association ("MOA") of the Company by adding a sub-clause to Clause 3, subject to the approval of the shareholders through Postal Ballot and its notice thereof.

The Meeting commenced at 12:40 P.M and concluded at 03:45 P.M.

Kindly take the same on your record.

Thanking you Yours faithfully,

For Batliboi Limited

Sanjiv Digitally signed by Sanjiv Harischan Harischandra Joshi Date: 2023.02.10 dra Joshi 16:01:21 +05'30' Sanjiv Joshi Managing Director DIN: 08938810

Place: Mumbai

Encl: As above

MUKUND M. CHITALE &CO.

2nd Floor, Kapur House, Paranjape 6 Scheme Road No.1. Vile Parle (E). Mumbai 400057 T: 91 22 2663 3500 WWW mmchilale.com

CHARTERED ACCOUNTANTS

Independent Auditor’s Review Report on the unaudited[^^^Jarterly and year to date] Standalone Financial Results of the Company pursuant[to the Regulation 33 of the SEBI] (Listing Obligations and Disclosure requirements) regulations[2015, as amended.]

Review Report to, The Board of Directors Batliboi Limited

• 1 We have reviewed the accompanying statement of Unaudited[Standalone Financial Results of] Batliboi Limited (the ‘Company’) for the quarter and[nine months ended 31®' December 2022] (the ‘Statement’) attached herewith, being submitted[by the Company pursuant to the] requirements of Regulation 33 of the SEBI (Listing[Obligations and Disclosure Requirements)] Regulations, 2015, as amended (the “Regulations”).

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

• We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 Review of Interim Financial Information Performed by[the] Independent Auditor of the Entity”, issued by the Institute[of Chartered Accountants of India.] This standard requires that we plan and perform the[review to obtain moderate assurance as to] whether the statement is free of material misstatement.[A review of interim financial information] consists of making inquiries, primarily of persons[responsible for financial and accounting] matters, and applying analytical and other review procedures.[A review is substantially less in] scope than an audit conducted in accordance with Standards[on Auditing and consequently] does not enable us to obtain assurance that we would[become aware of all significant matters] that might be identified in an audit. Accordingly,[we do not express an audit opinion.]

I

MUKUND M. CHITALE &CO.

CHARTERED ACCOUNTANTS

1. Based on our review conducted as above, nothing[has come to our attention that causes us to] believe that the accompanying Statement, prepared in[accordance with recognition and] measurement principles laid down in the aforesaid Indian[Accounting Standards ( Ind AS )] specified under Section 133 of the Act, read with relevant[rules issued thereunder and other] recognised accounting practices and policies, has not[disclosed the information required to be] disclosed in terms of the Regulation, including the manner in which it is to be disclosed, or tiiat it contains any material misstatement.

5. Other Matter

As described In Note 3 of the statement, the figures[of the tfiird quarter in each of the financial] year are the balancing figures between figures in respect[of the nine months end and the year-] to-date figures upto the end of the second quarter[of the respective financial year.]

Our conclusion is not modified in respect of this matter.

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

(A. V. Kamat) Partner M. No. 039585 UDIN: 23039585BGXBJB8882 Place: Mumbai Date: 10'” February 2023

/

w

BATUBO! LTD.

Reod. Office: Bhant Heus^ 5th Floor, 104 Bombay Samadtar[Marg, Fort, MumbaMOOOOl] QN: L52310MH1941PLC003494

UNAUDITED STANDALONE FINANCIM. RESULTS FOR THE QUARTER[AND NINE MONTHS ENDED 31ST DECEMBER, 2022]

						(Rs. In Lakha)
Particulars		(^iter Ended		Nine months ended		Year Ended
	31.12.2022	30.09,2022	31.12.2021	31.12.2022	31.12.2021	31.03.2022
	(Reviewed)	(Reviewed)	(Reviewed)	(Reviewed)	(Reviewed)	(Audited)
1. INCOME
(3) Revenue from Operations	5,026.34	5.092.10	3,875.33	14,848.06	10,301.75	14,606.94
(b) Other Incwne	114.47	88.65	21.24	255.74	158.93	266.55
TOTAL INCOME	5,140.81	5,180.75	3,896.57	15,103.80	10,460.68	14,873.49
2. EXPENSES
(a) Cost of Materials Cortsumed	1,472.36	1,696.03	1,589.99	4,669.25	4,107.36	5,765.65
(b) Purchase of Stock In Trade	1,366.82	1,513.75	1,087.49	4,304.04	2,720.77	4,035.97
(c) Chartges In Inventories of finished goorN, workm progress	259.91	(30.59)	(213.75)	305.56	(186.34)	(333.57)
and sRKk In trade
(d) Employees benefits expenses	565.20	615.13	527.10	1,792.46	1,631.98	2,262.40
(e) Rnance Costs	130.55	114.63	179.72	389.98	565.83	793.71
(f) Depredation and MnortisaOon expenses	82.92	81.46	73.87	241.57	220.55	297.72
(g) Other expenses	901.65	908.35	711.35	2.564.19	1.831.51 i	2,521.89 i
TOTAL EXPENSES	4,779.41	4,898.76	3,9S5.77	14,467.05	10,891.66	15,343.77
3. PROFrr/(LOSS) before exceptional items and TAX	361.40	281.99	(59,20)	636.75	(430.98)	(470.28)
4. Exceptional Items • (£xpense)/lncome
5. PROFn/(LOSS) BEFORE TAX	361.40	281.99	(59.20)	636.75	(430.98)	(470.28)
6. Tax Expenses
(a) CunwitTax
(b) Earlier Year Tax					(0.95)	(1.92)
(c) Deferred Tax Credit / (Charge)	102.66	(90.95)	2.63	54.07	134.80	(80.07)
(d) Mat credit (Reversal) 7. NET PROFTT/(LOSS) FORTH! PERIOD 8. Other Comprehensive Income	4644)6	(11.43) 179.61	(56J7)	(11.43) 679.39	(inj9) (4094)2)	(111.89) (664.16)
(I) Items that will not be reclassified to profit orloss
Actuarial gain/(loss) on employee defined benefits	(10.01)	13.42	2.42	17 J9	7.26	59.28
(ii) IncotTw tax relating to Items that wH not be redassffiedto
profit or loss
Deferred Tax Impact on above	2.28	(3.48)	(0.63)	(4.84)	(1.89)	(1S.41)
9. Total Comprehensive Income	456J3	189JS	(54.78)	691.94	(403.»]	(620.29)
10. Paid-up Equity Share Capital	1,435.79	1,435.79	1,435.79	1,435.79	1,435.79	1,435.79
(Face Value Rs.5/- per share)
11. Basic & Diluted EPS for the Perfod (Rs. Per Share)	1.62	0.63	(0.20)	237	(1.42)	(2J1)

Notes to $taiKlal<Hie nnancial Results:

• 1) The above unaudited standalone financial results were reviewed by the Audit Committee and approved by the Board of DirectcKs at their meeting heid on 10th February 2023 and have been subjec t o iimited review by the statutory auditors of the Company.

• 2) The above unaudited standalone finandal resuits are In compliance with Indian Accounting Standards (Ind AS) notified by the Ministry of Corporate Affairs, read with SEBI Orcular no. aR/CFD/CMDl/44/201 9 dated 29th March 2019.

• 3) The Figures of the third quarter in each of the financial year are the balancing figures between figures in relied of the nine months end and the year* to^te figures upto the end of the second quarter of the respective financial year.

• 4) The Company operates in one segment as 'Industrial Equipment, since there is no other reportable segment as defined under Ind AS 108 "Operating Segments', no separate disclosure has been given.

• 5) The Taxation Laws (Amendment) Act, 2019 provides domestic companies with an option to opt for lower tax rate, provided ttiey do not claim certain deductions. The Company has presently considered the rate existing prior to the amendment. The Company shaP evaluate the option to opt for lower tax rate once it utilises the carried forward losses available under the Income Tax Act

• 6) The Company had decided to sell a part of Land and Building out of the total factory land and building located at Surat which had been disclosed as Non Current Asset Held for Sale. During financial year 2021-22, the Company had ent«ed into Memorandum of Understanding(MOU) with the pix^TOSed buyer for the sale of this part of the asset which did not materiaUse. The management of the Company is looking for a new buyer and Is hopeful to finaise and execute the deal in near futore.

• 7) During the nine months ended 31st December 2022, the Company had written off amount receivable on account of trade receivable from one of

• its related party amounting to Rs. 131.56 Lakhs which has been recognised as part of other expenses In the Profit and Loss account.

• 8) Queen Projects (Mauritius) Ltd, Mauritius, Subsidiary Company of the Company is undergoing a voluntary liquidation process, as it is desirable for the Company to have direct control of Quickmlll Inc. and 760 Rye Street Inc. (Canada) which are currently Its Step down subsidiary Companies.

• 9) The Code on Sodal Security, 2020 CCode") 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 EmployrrtCTt had released draft rules for the Code on 13th November, 2020. The effective date from which these changes are applicable is yet to be notified. The Company will assess and record the impact. If any, y\hen the rules are notified and the Code becomes effective.

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

Rs. In Lakhs

which the Company earns commission :					gy	Rs. In Lakhs
			STANDALONE
Particulars		Quarter ended		Nine Months Ended		Year ended
	31.12.2022	30.09.2022	31.12.2021	31.12.2022	31.12.2021	31.03.2022
	(Un-Audited)	(Un-Audit ed)	(Un-Audited)	(Un-Audited)	(Un-Audited)	(Un-Audited)
Gross value of Business Handled
(Including agency business)	17,966.48	19,515.85	13,624.28	50,586.17	29,810.79	42,758.30
he figures for the previous periods/year	havebeen redassified/regrouped where ever necessary.
				For and	on behalf of Board of Directors
						Batliboi Ltd.
			/V&OJ
			eo	m
				c>
Mumbai 10th February 2023					Sanjiv Josh! Managing Director DIN:08938810

11) The figures for the previous periods/year have been redassified/regrouped where ever necessary.

Place; Mumbai Date: 10th February 2023

MUKUND 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 Review Report on the unaudited[quarterly and year to date] Consolidated Financial Results of the Company pursuant[to the Regulation 33 of the SEBI] (Listing Obligations and Disclosure requirements) regulations[2015, as amended]

Review Report to, The Board of Directors Batliboi Limited

1. We have reviewed the accompanying statement of Unaudited[Consolidated Financial Results of] Batliboi Limited (the ‘Parent’) and its subsidiaries[(the Parent and its subsidiaries together] referred to as the “Group"), for the quarter and nine months ended 31®' December, 2022 (the 'Statement') attached herewith, being submitted by[the Parent pursuant to the requirements of] Regulation 33 of the SEBI (Listing Obligations and[Disclosure Requirements) Regulations,] 2015, as amended (the “Regulations").

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

3. We conducted our review of the Statement in accordance[with the Standard on Review] Engagements (SRE) 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”, issued by the institute[of Chartered Accountants of India.] This standard requires that we plan and perform the[review to obtain moderate assurance as to] whether the statement is free of material misstatement.[A review of interim financial information] consists of making inquiries, primarily of persons[responsible for financial and accounting] matters, and applying analytical and other review procedures.[A review is substantially less in] scope than an audit conducted in accordance with Standards[on Auditing and consequently] does not enable us to obtain assurance that we would[become aware of ail significant matters] that might be identified in an audit. Accordingly,[we do not express an audit opinion.]

MUKUND M. CHITALE &CO.

CHARTERED ACCOUNTANTS

We also performed procedures in accordance with the[circular issued by the Securities and the] Exchange Board of India under Regulation 33 (8) of[the SEBI (Listing Obligations and] Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.

1. The Statement includes the results of the entities[as mentioned in the Annexure ‘A’ to this] report.

2. Based on our review conducted and procedures performed[as stated in paragraph 3 above and] based on tfie consideration of the review reports of[the other auditor referred to in paragraph 7] below, nothing has come to our attention that causes[us to believe that the accompanying] Statement, prepared in accordance with the recognition[and measurement principles laid down] in the aforesaid Indian Accounting Standard specified[under Section 133 of the Act, read with] relevant rules issued thereunder and other accounting[principles generally accepted in India,] has not disclosed the information required to be disclosed[in terms of Regulation, including the] manner in which it is to be disclosed, or that it contains[any material misstatement.]

6. Other Matters

• a. We did not review the interim financial statements/[financial information/financial results of] one step down subsidiary included in the Unaudited Consolidated Financial Results, whose interim financial statement /financial result excluding[consolidation eliminations reflect total] revenue of Rs. 1,941.07 lakhs and Rs. 3,882.91 lakhs, total[net profit/(loss) aftertax (net) of] Rs. 255.58 lakhs and Rs. 180.03 lakhs and total comprehensive[income of Rs. 255.58 lakhs] and Rs. 180.03 lakhs for the quarter and nine months[ended 31®' December 2022] respectively as considered in the Unaudited Consolidated[Financial Results. The interim] financial statements /financial results have been reviewed[by other auditor whose reports] have been furnished to us by the management and our[conclusion on the Statement, in so] far as it relates to the amounts and disclosures in[respect of the step-down subsidiary is] based solely on the report of the other auditor and[the procedures performed by us as stated] in paragraph 3 above.

• b. The Unaudited Consolidated Financial Results includes[the interim financial results and] other financial information in respect of one subsidiary[and one step down subsidiary, which] has not been reviewed by their auditors whose interim[financial statements/ financial] information/financial results excluding consolidation[eliminations reflect total revenue of Rs.] 21.87 lakhs and Rs. 61.92 lakhs, total net profit/(loss)[after tax (net) of Rs. (2.74) lakhs and] Rs. (14.32) lakhs and total comprehensive income of[Rs. (2.74) lakhs and Rs. (14.32) lakhs] for the quarter and nine months ended 31®' December[2022 respectively as considered in] the Unaudited Consolidated Financial Results. These[unaudited financial results and other] unaudited financial information have been approved and furnished to us by the

a

MUKUND M. CHITALE &CO.

CHARTERED

ACCOUNTANTS

• management. Our conclusion, in so far as it relates[to the affairs of the one subsidiary and] one step down subsidiary, is based solely on such unaudited[financial results and other] financial information,

• c. As described in Note 3 of the statement, the figures[of the third quarter in each of the] financial year are the balancing figures between figures[in respect of the nine months end] and the year-to-date figures upto the end of the second[quarter of the respective financial] year.

Our conclusion is not modified in respect of these[matters.]

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

(A. V. Kamat) Partner M. No. 039585 UDIN: 23039585BGXBJC7625 Place: Mumbai Date: 10‘^ February 2023

MUKUND M. CHITALE &CO.

CHARTERED ACCOUNTANTS

Annexure ‘A’

(Referred to in para 4 of our Independent Auditors[Review Report on unaudited quarterly and] year to date Consolidated Financiai Resuits of the[Batiiboi Limited pursuant to Reguiation 33] of the SEBi (Listing Obiigations and Disclosure Requirements)[Regulations, 2015, as] amended)

Sr. No. Name of the Subsidiary 1. Queen Projects (Mauritius) Ltd. Sr. No. Names of the Step-Down Subsidiaries 2. Qutckmill inc. 3. 760 Rye Street inc.

f

BATLIBOI LTD.

Re9d. Offka: Bharat House, Sth Floor, 104 Bombay Samachar Marg, Fort, Mumbai-400001 aN: LS2320MH1941PLC003494

UNAUOITBD CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER[AND NINE MONTHS ENDED 31st DECEMBER, 2022]

Rs. in Ukhs

PARHCULARS			CONSOUDATED	CONSOUDATED
		Quarter Ended		Nine months Ended		Year Ended
	31.12.2022	30.09.2022	31.12.2021	31.12.2022	31.12.2021	31.03.2022
	(Reviewed)	(Reviewed)	(Revteiwed)	(Reviewed)	(Reviewed)	(Audited)
1. INCOME
(a) Revenue from Ckwrations (6) Other Income TOTAL INCOME	6,960.43 96.34 7,056.77	6,630.84 63.44 6,694.28	5,845.19 7,93 S,8S3.12	18,725.31 211.73 18,937.04	14,071.99 119.06 14,191.05	19,658.53 213,50 19,872.03
2. EXPENSES
(a) Cost oF Materials Consumed	2,109.35	2,312.00	2,074,39	6,933.94	5,799.04	8,317.25
(b) Purchase of Stock in Trade	1,366.82	1,513.75	1,087.49	4,304.04	2,720,77	4,035.96
(c) Changes In Inventories of finished goods, workin progress and	536.77	192.49	417.14	30.17	238.44	(169.52)
stock In trade
(e) Employees benefits expenses	1,001.65	1,061.48	1,007.93	3,054.41	2,768.42	3,754.09
(f) Rnance Costs (g) Depreciation & Amortisation expenses	146.96 99.95	124.90 98.65	193.42 94.34	422.57 292.81	596.51 279.28	828.53 368.03
(h) Other expenses	1,052.57	1.058.29 i	812.75	3J25.90	2.137.14	2.965.07
TOTAL El^NSES	6,314J>7	6,361.96	S,687v46	18,063.84	14,539.60	20,099,41
3. PROFIT/(LOSS) BEFORE EXCEPTIONAL ITEMS AND TAX	742.70	332.72	165.66	873.20	(348.55)	(227,38)
4. Exceptional Items - (Expense)/Income
5. PROFrr/(LOSS] BEFORE TAX	742.70	332.72	165.66	873.20	(348.55)	(227.38)
6. Tax Expenses
(a) CunentTax	(55.10)	0.01	(17.76)	(56.08)	(19,44)	(68.34)
(b) Earlier Year Tax					(0.95)	(1.92)
(c) Deferred Tax Credit / (Charge)	72J3	(114.95)	(35.60)	54.07	134.80	(60.99)
(d) Mat Credit Charged		(11.43)		(11.43)	(111.89)	(111.89)
7. NET PROFrr/(LOSS) FOR THE PERIOD	759.93	206J5	112J0	859.76	(346.03)	(470.52)
8. Other Comprehensive Income
(I) Items that will not be reclassified to profit orloss
Actuarial 9ain/(U)ss) on envloyee defirted benefits	(10.01)	13.42	2.42	17 J9	7.26	59.28
(II) Income tax relating to items that will not beredassifled to
profit or loss
Defened Tax impact on above	2.28	(3.48)	(0.63)	(4.84)	(l^l)	(15.41)
(ill) Items that will be reclassified to profit orloss	(18.71)	(10.42)	5.60	(45.71)	25.67	57.73
Effects of changes In rates cf foreign currerKy trxxieiaryitems
9. Total Comprehensive Income	733.49	205.87	119.69	826.60	(314.79)	(368.92)
10. Paid-up Equity Share Capital	1,435.79	1,435.79	1,435.79	1,435.79	1,435.79	1,435.79
(Face Value Rs.5/- per share)
11. Basic 8 DiluM EPS for the Period (Rs. Per Sure)	2.65	0.72	0J9	2.99	(1.21)	(1.64)

Notes to Consolidated Financial Results:

• 1) The above unaudited consolidated financial remits wee reviewed by die Audit Committee and approved by the Board DlreOors at their meeting held on 10th February 2023 and have been subject to limited review by the statutory auditors of the Holding Company.

• 2) The above unaudited consolidated financial results are In compliance with Indian Accounting Standards (Ind AS) notified by tiie Ministry of Corporate Affairs, read with SEBI Orcular no. aR/CFD/CMDl/44/2019 dated 29th March 2019.

• 3) The figures of the third quarter In each of the financial year are the balancing figures between figures In respect of the nine months end and the year to-date figures upto tiie end of tiie second quarter ct the respective financial year.

• 4) The Group operates In one segment as 'Industrial Equlpm^t', since there is no other reportable segment as defined under Ind AS 108 "Operating Segments", no separate disclosure has been given.

• 5) The Taxation Laws (Amendment) Act, 2019 provides domestic companies with an option to opt for lower tax rate, provided they do not daim (srtain deductions. The Holding Company has presently considered the rate existing prior to the amendment The Holding Company shall evaluate the option to opt for lower tax rate once It utilises the carried forward losses availaUe under the Income Tax Act

• 6) The Holding Company had decided to sell a part of Land and Building out of the total factory land and building located at Surat which had been disclosed as Non Current Asset Held for Sale. During financial year 2021-22, the Holding Company had entered into Memorandum of Understandlng(MOU) with the proposed buyer for the sale of this part of the asset which did not materialise. The management of tiie Holding Company is looking for a new buyer and is hopeful to finalise and execute the deal In near future.

• 7) Queen Projects (Mauritius) Ltd, Mauritius, Immediate Subsidiary Company of the Holding Company is undergoing a voluntary liquidation process, as it Is desirable for the Holding Company to have direct control of Quickmill Inc. and 760 Rye Street Inc. (Canada) which are currently its step down Subsidiary Companies.

• 8) During the nine months ended 31st Dec&nber 2022, the Holding Company had written off amount receivable on acxount of trade receivable from one of its related party amounting to Rs. 131.56 Lakhs which has been recognised as part of other expenses in the Consc^idated Profit and Loss account.

• 9) During first six months ended 30th September 2022, economy was Impacted by the COVID-19 pandemic. However subsequently the operations has been normalised In Canada.

• 10) The Code on Social Security, 2020 (Tode") relating to employee benefits during the employment and post-employment benefits has been published In the Gazette of India on 28th S^tember, 2020. The Ministry of Labour and Emi^oyment has released draft rules for the Code on I3th November, 2020. The effective date from which these changes are applicable is yet to be notified. The HtMIng Company will assess and record the impact. If any, when the rules are notified and the Code becomes effective.

• 11) Following are the details of consolidated gross sales values of business handled including the values pertaining to agency business handled for which Company earns commls^on:

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Rs. In Lakhs
Particulars CONSOLIDATED
Quarter Ended Nine Months ended Year Ended
31.12.2022 30.09.2022 31.12.2021 31.12.2022 31.12.2021 31.03.2022
(Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited)
Gross value of Business Handled (Including 20,005.26 21,021.11 15,582.32 54,534.63 33,581.03 47,809.89
agency business)
12) The figures for the previous periods/year have been redassified/regrouped where ever necessary.been redassified/regrouped where ever necessary.
For and on behalf of Board of Directors
BaUiboi Ltd.
" SanJivJoshI
Managing Director
DIN:08938810
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12) The figures for the previous periods/year have been redassified/regrouped where ever necessary.been redassified/regrouped where ever necessary.
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Place: Mumbai
Date: 10th Febn»ry 2023
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sC^'OaCCO
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