Batliboi Ltd — Interim / Quarterly Report 2024

Aug 13, 2024

13[th] August, 2024

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Dear Sir / Madam,

- Subject: Outcome of Board Meeting No. 3/2024 25 under Regulation 30 and Regulsation 33 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. 13[th] August, 2024 have inter-alia considered and approved the following matters.

1. The Un-audited Standalone & Consolidated Financial Results of the Company for the Quarter ended June 30, 2024.

2. Limited Review Report on the said Results issued by the Statutory Auditors for the Quarter ended June 30, 2024.

Further, the Board of Directors in its today's meeting has also decided to seek approval of the Shareholders through Postal Ballot for the following:

• a) To consider and approve appointment of Mr. Aditya Malkani as an Independent NonExecutive Director of the Company

• b) To consider and approve material Related Party Transaction

• c) To consider and approve the amendments to the ESOP Policy of the Company

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 02:35 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: 2024.08.13 SAWANT 14:47:20 +05'30' Pooja Sawant Company Secretary ACS - 35790

Place: Mumbai Encl: As above

MUKUND M. CHITALE &CO.

2nd Floor, Kapur House, Paranjape 8 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 Quarterly[Unaudited Standalone Financial] Results of the Batiiboi Limited pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure requirements) regulations 2015, as amended

The Board of Directors

Batiiboi Limited

1. We have reviewed the accompanying statement of Unaudited Standalone Financial Results of Batiiboi Limited (the ‘Company’) for the quarter ended[30®' June 2024 (the “Statement")] attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations").

2. This Statement, which is the responsibility of the Company’s Board of Directors and approved by them, is prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" (“Ind AS 34"), prescribed under Sectbn 133 of Uie 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 the Listing 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 statements are free of material misstatement. A review of interim financial information consists of making inquiries, primarily of the Company's personnel 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 specified under Section 143(10) of the Companies Act, 2013 and consequently does not enable

MUKUND M. CHITALE &CO.

CHARTERED ACCOUNTANTS

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.

1. Based on our review conducted as stated in paragraph 3 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 ^e aforesaid Indian Accounting Standard ('Ind AS’) 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 infonnation required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

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

(Nisha Yadav) Partner M. No. 135775 UDIN: 24135775BKHQQA4265 Place: Mumbai Date: 13" August 2024

BATLIBOI LTD.

Regd. Office: Bharat House, 5th Floor, 104 Bombay Samachar Harg, Fort, Mumbai-400001 CIN: LS2320MH1941PLC003494

UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED 3Vni 2UNE, 2024

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Rs. in Lakhs
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PARTICULARS STANDALONE
Quarter Ended Year Ended
30.06.2024 31.03.2024 30.06.2023 31.03.2024
(Reviewed) (Reviewed) (Reviewed) (Audited)
1. INCOME
(a) Revenue from Operations 4,143.96 5,189.66 4,474.36 19,560.07
(b) Other Income 182.35 311.13 118.38 773.02
TOTAL INCOME 4,326.31 5,500.79 4,592.74 20,333.09
2. EXPENSES
(a) Cost of Materials Consumed 1,304.69 2,002.52 1,677.00 7,003.20
(b) Purchase of Stock In Trade 917.52 1,350.43 1,095.94 5,083.74
(c) Changes In Inventories of finished goods, work In progress and stock In trade 203.19 (97.33) (105.81) (122.10)
(d) Employees beieOts expenses 745,87 635.70 675.82 2,749.23
(e) Rnance Costs 90,81 108.17 108.07 418.99
(f) Depredation a Amortisation expenses 82.46 91.12 76.91 317.02
(g) exher expense 927.47 1,184.55 984.31 4,091.491
TOTAL EXPENSES 4,272411 5,275.16 4,512.24 19,541.57
3. PROFIT/(LOSS) BEFORE EXCEPHONAL ITEMS AND TAX 54.30 225.63 80.50 791.52
4. Exceptional Items
5. PROFlT/(LOSS) BENIRE TAX 5430 225.63 80.50 791.52
6. Tax Expervses
(a) Current Tax (30.75)
(b) Deferred Tax Credit/(Charge) (12.76) (189.35) 7.66 (269.47)
(c) Mat credit/(Utilized) (700)
7. NET PROFTT/(LOSS) FOR THE PERIOD/YEAR 41.54 36J8 88.16 484.30
8. outer Comprehensive Income
(I) Items that will not be redassified to profit or loss
Actuarial galn/(Loss) on employee defined benefits 17.26 1.97 (4.00) (26.74)
Deferred Tax Impact on above (4.80) (0.55) 1.11 7.44
(II) Income tax relabng to items that will be redassified to profit or loss
9. Total ComprehMshre Income 54.00 37.70 85.27 465.00
10. Paid-up Equity Share Capital 1,715.49 1,452.29 1,447.96 1,452.29
(Face Value Rs.5/- per share)
11. Basic EPS for the period / year (Rs. Per Share) 0.12 0.12 0.30 1.67
12. Diluted EPS for the period / year (Rs. Per Share) 0.12 0.12 0.30 1.64
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Notes to Standalme Financial Results:

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1) The above unaudited standalone financial results have been prepared in accordance with the Indian Accounting Standards (Ind AS) not^ under the
Companies [Indian Accounting Standards) Rules 2015 [as amended from time to time. The above unaudited standalone ][financial resuKs were reviewed]
by Audit Committee and approved by Board of Directors at their meeting held on 13th August 2025 and have [been subjea to limited review by the]
statutory auditor of the Company.
2) The Company operates In one segment as Tndusbial Equipment’, since there is no other reportable segment as defined under Ind AS 108 "^teraOng
Segments', no separate disclosure has been given.
3) The Taxation Laws (Amendment) Act, 2019 provides domestic companies with an opdon to ^ for iower tax rate, provided ^ey do not claim certain
deducbons. The Company has presently considered the rate existing pnor to the amendmeriL
5) The Company had dedded to sell a part of Land and Building out of the total tectory land and tulldlng located at Surat wNch Is dlsdosed as Non-
Current Asset held fsr sale. The Company continues to look for a buyer.
5) Queen Projects (Mauritius) Ltd, Mauntius, subsidiary company of the Company went into voluntary liquidation in F.Y. 2023-24 and got dissolved on
2l5t May 2024. Cortsequent to this die Company has direct control over QuIckmlH Inc. (Canada) and 760 Rye Street Inc. (Canada).
6) During the quarter ended 30th June 2024, the Company has allotted 52,64,000 equity shares tece value of Rs. SJ- each at Rs. 113.50 per share onhas allotted 52,64,000 equity shares tece value of Rs. SJ- each at Rs. 113.50 per share onRs. SJ- each at Rs. 113.50 per share on
preferential basis.
7) TheSchmeof Amalgamabon between the Company and Batlibol Environment Engineering Limited is awaiting approval from the relevant authorities.
8) Following are the details of Standalone gross sales values of business handled Inducting the values pertaining to agency business handled hy v^ich
the Company earns commission :
Rs. In Lakhs
STANDALONE
Quarter ended Year ended
Particulars
30.06.2024 31.03.2024 30.06.2023 31.03.2024
^Un-Audite^ (Un-Audtted) (Un-Audited) (Un-Audrted)
Gross value of Business Handled including agency busing) 11,71Z98 20,569.37 13,057.20 62,715.13
9) The figures for the previoiis penods/year have been redassified/regrouped where ever necessary.
For and on behalf of Board of Directors
Battiboi Ltd.
0
I Sanjivloshi
Place: Mumbai Uiaging Director
Date 113tll Aug 2024 DIN 1 08938810
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• 6) During the quarter ended 30th June 2024, the Company has allotted 52,64,000 equity shares tece value of Rs. SJ- each at Rs. 113.50 per share onhas allotted 52,64,000 equity shares tece value of Rs. SJ- each at Rs. 113.50 per share onRs. SJ- each at Rs. 113.50 per share on preferential basis.

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MUKUND M. CHITALE &CO.

2nd Floor, Kapur House. Paranjape B Scheme Road No.I.Vile Parie (E). Mumbai 400057 T. 91 22 2663 3500 WWW.mmchitale.com

CHARTERED ACCOUNTANTS

Independent Auditor’s Review Report on the Quarterly Unaudited Consoildated Financiai Resuits of the Company pursuant to the Regulation 33 of the SEBI (Listing Obiigations and Disciosure requirements) reguiations 2015, as amended

The Board of Directors

Batliboi Limited

1. We have reviewed the accompanying statement of Unaudited Consolidated Financiai Results of Batiiboi Limited (the ‘Parent’) and its subsidiaries, (the Parent and its subsidiaries together referred to as the “Group”), for the quarter ended[30*" June, 2024 (the ‘Statement’) attached] herewitii, being submitted by the Parent pursuant to the requirements of Reguiation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Reguiations, 2015, as amended (the “Listing Regulations”).

2. This Statement, which is the responsibility of the Parent’s Board of Directors and have been approved by them, is 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 Compani^ Act, 2013, as amended (the “Act”) read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with the Listing 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 the Parent’s personnel 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 specified under Section 143(10) of the Companies Act, 2013 and consequently does not enable

MUKUND

M. CHITALE &CO.

CHARTERED ACCOUNTANTS

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.

We have also performed procedures in accordance with the Circular No. CIR/CFD/CMD1/44/2019 dated 29*" March 2019, issued by the Securities and the Exchange Board of India under Regulation 33 (8) of the Regulations, 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 the consideratbn of the review reports of the other auditor referred to in paragraph 6 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 ternis of the Listing Regulations, 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 results[and other financial information in respect of] one subsidiary included in the unaudited consolidated financial results, whose interim financial results excluding consolidation eliminations reflect total revenue of Rs. 3,213.57 Lakhs, total net profit after tax of Rs. 262.98 lakhs and total comprehensive income of Rs. 262.98 Lakhs for the quarter ended 30*^ June 2024. These interim financial results and other financial information have been reviewed by the other auditor, whose reports have been furnished to us by the management and our conclusions, in so far as it relates to the affairs of the subsidiary is based solely on the report of other auditor and procedures performed by us as stated in paragraph 3 above.

MUKUND M. CHITALE &CO.

CHARTERED ACCOUNTANTS

b. The unaudited consolidated financial results include unaudited interim financial results and other financial information in respect of one subsidiary, which has not been reviewed by their auditor, whose interim financial results excluding consolidation eliminations reflects total revenue of Rs. 25.61 Lakhs, total net profit after tax of Rs. 2.21 Lakhs and total comprehensive income of Rs. 2.21 Lakhs for the quarter ended 30** June 2024. These unaudited financial results and other unaudited financial infonoation have been approved and furnished to us by the management. Our conclusion, in so far as it relates to the affairs of the subsidiary, is based solely on such unaudited financial results and other financial information.

Our conclusion on the Statement is not modified in respect of these matters.

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

'(Nisha Yadav)

Partner M. No.135775 UDIN: 24135775BKHQQB4306 Place: Mumbai Date: 13* August 2024

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 Financial Results of the Batliboi Limited pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended)

Sr. No. Name of the Subsidiary

1. Quickmill Inc.

2. 760 Rye Street Inc.

BATUBOI LTD.

itegd. Office; Bharat House, 5th Floor, 104 Bombay Samachar Marg, Fort, Mumbai-4000ai QN; L52320MH1941PLC003494

UNAUDITED C0N50UDATED FINANOAL RESULTS FOR THE QUARTER ENDED 30TH JUNE, 2024

Rs. In Lakhs

RARTICULARS		CONSOLIDATED	CONSOLIDATED
		Quarter Ended		YearEttded
	30.06.2024	31.03.2024	30.06.2023	31.03.2024
	(Rwiewed)	(Reviewed)	(Reviewed)	(Audited)
1. INCOME
(a) Revenue from Operations	7,340.53	7,513-29	6,333.57	28,639,17
(bl Other Income	181.21	271.45	91-26	607.30
TOTAL INCOME	7,521.74	7,7B4.74	6,424.83	29,246.47
2. EXPENSES
(a) Cost of Material Consumed	2,994.00	3,721,90	2,872.98	12,509,29
(b) Purchase of Stock in Trade	917.52	1J50.43	1,095.94	5,083.74
(c) CTianges In inventories of finidied goods, workIn progress and sted;	240.79	(650.86)	(357.44)	(955.30)
In trade
(d) Employees benetits expenses	1,545.64	1,376.24	1,206.08	5,339,63
(e) Finance Costs	101.06	124,65	125.02	485.02
(f) Depreciation & Amortisation expenses	102.78	92.18	104.59	401-37
(g) Other expenses	1,222.69	1,443.00	1,159.76	4,988.35
TOTAL EXPENSES	7,124.48	7,457.54	6,216.93	27,852.10
3. PROFIT/(LOSS) BEFORE EXCEPHONAL ITEMS AND TAX	397.26	327.20	207.90	1,394.37
4 Exceptional Items
5. MtOFrr/(LOSS) FROM BEFORE TAX	397.26	327.20	207.90	1,394.37
6. Tax Expenses
(a) Current Tax	(102.63)	(15.47)	(21.78)	(192.36)
(b) Deferred Tax (Charge) / Credit	(12,76)	(198.98)	8.09	(278.67)
(c) Mat Credit / (utilized)				(7.00)
7. NETPROFTT/(LOSS) FOR THE PERIOD/YEAR	281J7	112.75	194.21	916.34
B. Other Comprehensive Income
(I) ItOTS that will not be reclassified to profit orloss
Actuarial galn/(Loss) on employee defined benefits	17,26	1.97	(4.00)	(26-74)
Deferred Tax impact on above	(4.80)	(0.55)	1.11	7.44
(III) Items that will be redassified prolit or loss
Effects of changes in rates of foreign currency monetaryitems	4.30	0.83	6.56	16.40
9. Total Comprahendve Income	298.63	115.00	197.88	913,44
10. Paid-up Equity Share Capital	1,715.49	1,452.29	1,447.96	1,«2.29
(Face Value Rs.S/- per share)
11. Basic EPS for the period / year (Rs. Per Share)	0.84	0.39	0.67	3.16
12. Diluted EPS ter the period / year (Rs. Per Share)	0.83	0.38	0.66	3.11

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Notes to Consolidated Rnandal Results:

• 1) The above unaudited consolidated financial results have been prepared In accordance with the Indian Accounting Standards (Ind AS) nobfied under the Companies (Indian Accounbng Standards) Rules 2015 as amended from time to time. The above unaudited consolidated financial result were reviewed by Audit Committee and approved by Board of (Erectors at their meting held on 13th August 202^ and have beet subject b limited review by the statubry auditors of the Holding Company.

• 2) The Group operates in one segment as Tndusbial Equipment’, since there is no other t^ortable segment as defined under Ind AS 108 "Operating Segments", no s^arate disclosure has been given.

• 3) The Taxation laws (Amendment) Act, 2019 provides domestic companies with an option b opt for lows' tax rate, provided they do not claim certain deducbons. The Holding Company has presenUy considsed the rate existing prior to the amendment.

• ■») The Holding Company had decided b sell a part of Land and Building out of the total ^cbry land and building located at Surat which is disclosed as Non Current Asset held for sale. The HtMIng Company continues b look for a buyer.

• 5) Queen Projects (Mauritius) Lb, Mauritius, subsidiary company of the Holding Company went inb voluntary liquidation In F.Y. 2023-24 and got dissolved on 21st May 2024. Consequent to this the Holding Company has direct control over Quidtmill Inc. (Canada) and 760 Rye Street Inc. (Canada).

• 6) During the quarter ended 30th June 2024, the Holding Company has allotted 52,64,000 equity shares l^ce value of Rs. 5/- each at Rs. 113.50 per share on preferential baste.

• 7) The Scheme of Amalgamation between the Holding Company and Badiboi Environment Engineering Limited is awaiting approval from the relevant authorities.

• 8) Rillowing are the details of consolidated gross sales values of business handled including the values pertaining Group earns commission:

• b agency busirtess handled fisr which

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Rs. InUkhs
CONSOLIDATED
Quarter Ended Year ended
Particulars
30.06.2024 31.03.2024 30.06.2023 31.03.2024
(Un-Audited) (Un-Audited) (Un-Audited) (Un-Audited)
14,910138 22,892.92 14,916.42 71,794.15
Gross value of Bcaness Handled (Including agency business)
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• 9) The figures for the previous periods/years have been redassified/regrouped where ever necessary.

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Place: Mumbai
Date :13th Aug, 2024
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For and cm behalf of Board of Directors
Batliboi Ltd.
a
Sanjiv JoshI
inaging Directs
DIN: 08938810
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