Batliboi Ltd — Interim / Quarterly Report 2025

Feb 6, 2025

The Listing Department BSE Limited P. J. Towers, Dalai Street, Mumbai 400 001

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 CIN : L52320MH1941PLC003494

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BATLIBOI
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Scrip Code: 522004

6* February, 2025

Dear Sir / Madam,

Sub: Integrated Filing CFinancian for the quarter and nine months ended December 31.2024

Pursuant to the Securities and Exchange Board of India circular no. SEBI/HO/CFD/CFD-PoD2/CIR/P/2024/185 dated December 31, 2024, please find attached herewith the Integrated Filing (Financial) for the quarter and nine months ended December 31, 2024.

We request you to kindly take the above information on your records.

Kindly take the same on your record.

Thanking you

Yours faithfully. For Batliboi Limited

Pooja Sawant Company Secretary ACS- 35790

Place: Mumbai Enel; As above

f: MUKUND

a' M. CHITALE &CO.

2nd Floor, Kapur Hpuse. 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 Standalone Financial Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure requirements) regulations 2015, as amended.

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 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 “Regulations").

1. 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.

1. We conducted our review of the Statement in accordance with the Standard v.,. "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.

MUKUND

M. CHITALE

&CO.

CHARTERED ACCOUNTANTS

^ome to our attention that causes us to accompanying Statement, prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian[Accounting Standards^ ("Ind AS")] specked under Section 133 of the Act, read with relevant[rules issued rhereunder and o^h j] diJ^Sosed in has not disclosed the information required to be contains ''

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

(Nisha Yadav) Partner M, No. 135775 UDIN:«25)?5S^^?jf^OTO/Y\ S\S?r Place: Mumbai Date; February 2025

•a %

BATLIBOI LTD.

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

UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31ST DECEMBER, 2024

						(Rs. In Lakhs)
Particuiars		Quarter Ended		Nine Months Ended		Year Ended
	31.12.2024	30.09.2024	31.12.2023	31.12.2024	31.12.2023	31.03.2024
	(Reviewed)	(Reviewed)	(Reviewed)	(Reviewed)	(Reviewed)	(Audited)
1. INCOME
(a) Revenue from Operations	4,216.77	4,050.77	4,995.64	12,411.50	14,370.41	19,560.07
(b) Other Income	147.18	351.20	197.06	680.73	461.89	773.02
TOTAL INCOME	4,363.95	4,401.97	5,192.70	13,092.23	14,832.30	20,333.09
2. EXPENSES
(a) Cost of Materials Consumed	1,565.69	1,581.83	1,621.02	4,452.21	5,000.68	7,003.20
(b) Purchase of Stock in Trade	896.63	941.81	1,349.09	2,755.96	3,733.31	5,083.74
(c) Changes In Inventories of finished goods, workIn progress	(21.81)	(152,44)	39.16	28.94	(24.77)	(122.10)
and stock In cade
(d) Employees benefits expenses	792.23	783.83	717.86	2,321.93	2,113.53	2,749.23
(e) Rnance Costs	55.01	61.91	107.03	207.73	310.82	418.99
(f) Depreciabon and Amortisation expenses	85.14	84.69	71.78	252.29	225.90	317.02
(g) Other expenses	984,54	909,96	998,38	2.821.97	2.906.94	4,091.49 i
TOTAL EXPENSES	4,357.43	4,211.59	4,904.32	12,841.03	14,266.41	19,541.57
3. PROFIT/(LOSS) BEFORE EXCEPTIONM. ITEMS AND TAX	6.52	190.38	288.38	2S1.20	565.B9	791.52
4. Exceptional Items - {£xpen5e)/lncome
5. PROFIT/(LOSS) BEFORE TAX	6.52	190.38	288.38	251.20	565.89	791.52
6. Tax Expenses
(a) Current Tax	21.31	(29.79)	(30.75)	(8.48)	(30.75)	(30.75)
(b) Deferred Tax Credit / (Charge)	(109.52)	41.34	(28.80)	(80.94)	(80.12)	(269.47)
(c) MAT credit utilised /(Reversed)			(7.00)		(7.00)	(7.00)
7. NET PROFrr/(LOSS) FOR THE PERIOD	(81.69)	201.93	221.83	161.78	448.02	484.30
8. Other Comprehensive Income
(I) Items that will not be reclassified to profit orloss
Actuarial galn/(Loss) on employee defined benefits	(8.79)	(64.39)	10.94	(55.92)	(28.71)	(26.74)
(II) Income tax relating to items that will not bereclassified to
profit or loss
Deferred Tax impact on above	0.96	17.91	(3.04)	14.07	7,99	7.44
9. Total Comprehensive Income	(89.52)	155.45	229.73	119.93	427.30	465.00
10. Paid-up Equity Share Capital	l,715v49	1,715.49	1,452.29	1,715.49	1,452.29	1,452.29
(Face Value Rs.5/- per share)
11. Basic EPS for the Period / year (Rs. Per Share)	(0.24)	0.59	0.76	0.47	1.55	1.67
12. Diluted EPS for the Period / year (Rs. Per Share)	(0.24)	aS8	0.7S	0.47	1.52	1.64

Notes to Standalone Financial Results:

i

• 1) The above unaudited standalone financial results have been prepared in accordance with the Indian Aaounbng[Standards (Ind AS) notified under] . tJie Companies (Indian Accounting Standards) Rules 2015 as amended from time to time. The above unaudited[standalone financial results were] reviewed by Audit Committee and approved by Board of[Directors at their meeting held on OS'” February, 2025 ][and have been subject to limited] review by Statutory auditors of the Company.

• 2) 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.

• 3) During the quarter, the Company has exercised the option permitted under Section 115BAA of the Indian IrKome Tax Act, 1961 as Introduced by The Taxation Laws (Amendment) Act, 2019. Accordingly, the Company has recognized provision for income tax and re-measured its deferred tax assets/liabifities at the rate prescribed in the said secdon. Impact of this change has been recognized in the Statement of Profit and Loss account and Otfier Comprehensive Income for the quarter and[period ended 31* December 2024.]

• 4) 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. The Company continues to look for a buyer.

• 5) Queen Projects (Mauritius) Ltd, Mauritius, subsidiary of the Company went into voluntary liquidation in F.Y.[2023-24 and got dissolved on 21® May] 2024. Consequently, Quickmill Inc. (Carada) and 760 Rye Street Inc. (Canada) has become direct subsidiaries of the Company.

• 6) The Company has allotted 52,64,000 equity shares face value of Rs. 5/- each at Rs. 113.50 per share on preferenbal[basis on 12'*' April 2024.]

• 7) During the quarter, the Company convened the meeting of Equity Shareholders on 19th December, 2024 to approve the Scheme of arrangement between the Company and Batliboi Environmental Engineering Limited pursuant to the direcBons of Hon’ble National Company Law Tribunal (NCLT) vide order dated 24th October, 2024. The shareholders of the Company approved the Scheme unanimously. The Company has filed the petition with NCLT on 24th December 2024 and NCLT has delivered second motion Order on 22nd January 2025 stating that the final hearing is schedule for 12th March 2025.

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

die Company earns commission :
						Rs. In Lakhs
			STANDALONE
Particulars	31.12.2024	Quarter Ended 30.09.2024	31.12.2023	Nine Months Ended 31.12.2024 31.12.2023		Year Ended 31.03.2024
	(Un-Audited)	(Un-Audited)	(Un-Audited)	(Un-Audited)	(Un-Audited)	(Un-Audited)
Gross value of Business Handled	15,013.27	9,382.28	17,051.91	36,108.53	42,145.76	62,715.13
(Including agency business)
he figures for the previous periods/year	have beenreclassified/regrouped where ever necessary.
				For and on behalf of		Board of Directors
						Batliboi Ltd.
						/ 0
						V
e: Mumbai : Oe”' February 2025						7 Sanjiv loshi Managing Director DIN: 08938810

• 9) The figures for the previous periods/year have been reclassified/regrouped where ever necessary.

Place: Mumbai Date : Oe”' February 2025

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MUKUND M. CHITALE &CO.

2nd Floor, Kapur House, Paranjape B Scheme Road No. 1, Vile Parie (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]

The Board of Directors Batiiboi 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 and nine months ended 31*‘ December, 2024 (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 all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

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MUKUND
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M. CHITALE
&CO.
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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 SEBl (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 the consideration 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 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 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, 3,135.28] lakhs and Rs. 9,728.70 lakhs, total net profit after[tax (net) of Rs. 245.98 lakhs and Rs.] 783.10 lakhs and total comprehensive income of Rs.[245.98 lakhs and Rs. 783.10 lakhs for] the quarter and nine months ended 31*' December 2024[respectively, as considered in the] These interim financial results and other financial[information have been]

• Statement, reviewed by the other auditor, whose reports have been[furnished to us by the management] and our conclusions on the Statement, in so far as[it relates to the affairs of the subsidiaryi is] based solely on the report of other auditors and procedures[performed by us as stated in] paragraph 3 above.

Our conclusion on the Statement is not modified in[respect of this matter.]

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 total] revenue of Rs, 25.59 lakhs and Rs, 77.20 lakhs, total net profit after tax (net) of Rs. 1.20 lakhs and Rs. 4.88 lakhs and total comprehensive income of Rs. 1.20 lakhs and Rs. 4.88 lakhs for the quarter and nine months ended 31®' December 2024 respectively, as considered in the Statement. These unaudited financial results and other unaudited financial information have been approved and furnished to us by the management.

Our conclusion on the Statement is not modified in respect of our reliance on the unaudited financial results and other financial information furnished by the Management.

For Mukund M. Chitale & Co

Chartered Accountants Firm Reg. No. 106655W

(Nisha Yadav)

Partner M. No. 135775 UDIN: ^ ftfV>0'F0r^ Place; Mumbai Date: S'" February 2025

MUKUND M. CHITALE &CO.

CHARTERED

ACCOUNTANTS

Annexure ‘A’

(Referred to in para 4 of our Independent Auditors Review Report on unaudited quarteriy and year to date Consoiidated Financiai Resuits of the Batiiboi Limited pursuant to Reguiation 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.

Regd. Office: Bharat House, 5th Floor, 104 Bombay Samadiar Marg, Fort, Mumbai-400001

aN: L52320MH1941PLC003494

UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31st DECEMBER, 2024

Rs. in Lakhs

PARTICULARS			CONSOUOATED	CONSOUOATED
		Quarter Ended		Nine Months Ended		Year Ended
	31.12.2024	30.09.2024	31.12.2023	31.12.2024	31.12.2023	31.03.2024
	(Reviewed)	(Reviewed)	(Reviewed)	(Reviewed)	(Reviewed)	(Audited)
1. INCOME
(a) Revenue from OperaOons	7,246.37	7,525.74	7,804.56	22,112.64	21,125.88	28,639.17
(b) Other Income	134.63	203.46	111.04	519.30	335.85	607.30
TOTAL INCOME	7,381.00	7,729.20	7,915.60	22,631.94	21,461.73	29,246.47
2. EXPENSES
(a) Cost of Materials Consumed	2,941.06	3,197.85	3,224.09	9,132.91	8,787.39	12,509.29
(b) Purchase of Stock in Trade	896.63	941.81	1,349.09	2,755.96	3,733.31	5,083.74
(c) Changes in inventories of finished goods, workin progress and	224.57	(24.89)	(34.49)	440.47	(304.44)	(955.30)
stock in trade
(d) Employees benefits expenses	1,596.74	1,771.42	1,421.35	4,913.80	3,963.39	5,339.63
(e) Finance Costs	70.18	78.73	123.47	249.97	360.37	485.02
(f) Depreciabon &Amorbsabon expenses	111.43	119.34	99.45	333.55	309.19	401.37
(g) Other expenses	1,295.60	1,170.18 L	1.218.19 L	3,688.47	3.545.35 L	4,988.35
TOTAL EXPENSES	7,136.21	7,254.44	7,401.15	21,515.13	20,394.56	27,852.10
3. PROFTr/(LOSS) BEFORE EXCEPTIONAL ITEMS AND TAX	244.79	474.76	514.45	1,116.81	1,067.17	1,394.37
4, Exceptional Items - (Expense)/lncome
5. PROFrr/(LOSS) BEFORE TAX	244.79	474.76	514rM	1,116.81	1,067.17	1,394.37
6. Tax Expenses
(a) Current Tax	(72.93)	(117.08)	(110.90)	(292.64)	(176.89)	(192.36)
(b) Deferred Tax Credit / (Charge)	(109.52)	41.34	(28.80)	(80.94)	(79.69)	(278.67)
(c) MAT aedit ubiised /(Reversed)			(7.00)		(7.00)	(7.00)
7. NET PROFrr/(LOSS) FOR THE PERIOD	62.34	399.02	367.75	743.23	803.59	916.34
8. Other Comprehensive Income
(!) Items that will not be redassified to prc^ or loss
Actuarial gain/(Loss) on employee defined benefits	(8.79)	(64.39)	10.94	(55.92)	(28.71)	(26.74)
(ii) Income tax relabng to items that will not be redassifiedto
profit or loss
Deferred Tax impact on above	0.96	17.91	(3.04)	14.07	7.99	7.44
(ill) Items that will be reclassified to profit orloss	(5.81)	(8.79)	4.21	(10.30)	15.57	16.40
Effects of changes in rates of foreign currency monetaryitems
9. Total Comprehensive Irtcome	48.70	343.75	379.86	691.08	798.44	913.44
10. Paid-up Equity Share Capital	1,715.49	1,715.49	1,452.29	1,715.49	1,«2.29	1,452.29
(Face Value Rs.S/- per share)
11. Basic EPS for the Period / year (Rs. Per Share)	0.18	1.16	1.27	2.18	2.77	3.16
12. Diluted EPS for the Period / year ( Rs. Per Share)	0.18	1.15	1.25	2.16	2.73	3.11

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MUMBAf
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1

Notes to Consolidated Financial Results:

• 1) The above unaudited consolidated financial results have been prepared In accordance widi the Indian Accwjnting Standards (Ind AS) notified under the Companies (IfKilan Accounting Standards) Rules 2015 as amended from time to time. The above unaudited consolidated financial results were reviewed by Audit Committee and approved by Board of Directors at their meeting held on 06* February 2025 and have been subject to limited review by Statutory auditors of the Holding Company.

• 2) The Group 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.

• 3) During the quarter, the Holding Company has exercised the option permitted under Section 115BAA of the Indian Income Tax Act, 1961 as introduced by The Taxation Laws (Amendment) Act, 2019. Accordingly, the Holding Company has recognized provision for income tax and re*measured its deferred tax assets/liabilities at the rate prescribed in the said section. Impact of this change has been recognized in the Consolidated Statement of Profit and Loss account and Other Comprehensive Income[for the quarter and period ended 31® December 2024.]

• 4) 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 is disclosed as Non-Current Asset held for sale. The Holding Company continues to look for a buyer.

• 5) Queen Projects (Mauritius) Ltd, Mauritius, subsidiary of the Holding Company went into voluntary liquidation[in F.Y. 2023-24 and got dissolved on 21®] May 2024. Consequently, Quickmill Inc. (Canada) and 760 Rye Street Inc. (Canada) has become direct subsidiaries of the Holding Company.

• 6) The Holding Company has allotted 52,64,000 equity shares face value of Rs. 5/- each at Rs. 113.50 per share[on preferential basis on 12* April 2024.]

• 7) During the quarter, the Holding Company convened the meeting of Equity Shareholders on 19th December, 2024 to approve the Scheme of arrangement between the Holding Company and Badiboi Environmental Engineering Limited pursuant to the directions of Hon'We National Company Law Tribunal (NCLT) vide order dated 24th October, 2024. The shareholders of the Holding Company approved the Scheme unanimously. The Holding Company has filed the peHtlon with NCLT on 24th December 2024 and NCLT has delivered second motion Order on 22nd January 2025 stating that the final hearing is schedule for 12th March 2025.

• 8) Following are the details of consolidated gross sales values of business handled Including the values pertaining to agency business handled for which the Group earns commission ;

the Group earns commission ;
						Rs. In Lakhs
Particulars			CONSOLIDATED
		Quarter Ended		Nine Months Ended		Year Ended
	31.12.2024	30.09.2024	31.12.2023	31.12.2024	31.12.2023	31.03.2024
	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)
Gross value of Business Handled (Including agency	17,793.06	12,894.42	19,846.33	45,597.86	48,901.23	71,794.15
business)

• 9) The figures for the previous periods/year have been reclassified/regrouped where ever necessary.

Place: Mumbai Date: 06"* February 2025

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For and on behalf of Board of Directors
Batliboi Ltd.
( Sanjhr loshi
Managing Director
DIN: 08938810
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