Beardsell Limited — Interim / Quarterly Report 2022

Feb 12, 2022

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Sec : February : 2022 12[th] February, 2022 The Listing Manager, The Listing Manager National Stock Exchange of India Limited, BSE Limited Exchange Plaza Registered Office : Floor 25 Bandra Kurla Complex, Bandra (E) P J Towers, Dalal Street, Mumbai-400 051 Mumbai – 400 001 SCRIP CODE : BEARDSELL (ISIN - INE522F0l014) Scrip Code: 539447 – (ISIN - INE522F0l014)

Dear Sir

Sub : Outcome of the Meeting held on 12[th] February, 2022 - Reg

We are pleased to inform you that the Board of Directors at its Meeting held today (12th February,2022), which commenced at 10.30 a.m. and concluded at 2.00 P.M. have considered and approved the followings.

•  The Board has approved the Statement of Un-Audited Standalone and Consolidated Financial Results for the Quarter and Nine Months Ended 31[st] December, 2021, duly certified by the auditors [M/s. S.R.BATLIBOI & ASSOCIATES LLP, Chartered Accountants (ICAI Firm registration number: 101049W/E300004)] of our Company.

Kindly take on record the above intimation

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6th Floor – “A” Block Tidel Park, No. 4, Rajiv Gandhi Salai Taramani, Chennai – 600 113, India Tel: +91 44 6117 9000

Chartered Accountants

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Independent Auditor’s Review Report on the Quarterly and Year to Date Unaudited 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 Beardsell Limited

1. We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of Beardsell Limited (the “Company”) for the quarter ended December 31, 2021 and year to date from April 1, 2021 to December 31, 2021 (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. The Company’s Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) “Interim Financial Reporting” prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Company’s Board of Directors. 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.

4. Based on our review conducted as above and based on the consideration of reports of other auditors, as stated 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 Standards (‘Ind AS’) specified under Section 133 of the Companies Act, 2013 as amended, 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 the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

5. Emphasis of Matter

We draw attention to Note c of the Statement which describes the continuing impact of Covid19 pandemic, and its possible consequential implications, on the carrying value of Company’s assets as at December 31, 2021.

Our conclusion is not modified in respect of this matter.

S.R. Batliboi & Associates LLP, a Limited Liability Partnership with LLP Identity No. AAB-4295 Regd. Of fi ce : 22, Camac Street, Block ‘B’, 3rd Floor, Kolkata-700 016

6th Floor – “A” Block Tidel Park, No. 4, Rajiv Gandhi Salai Taramani, Chennai – 600 113, India Tel: +91 44 6117 9000

Chartered Accountants

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6. Other Matter

The accompanying Statement includes the Company’s share of net loss of Rs.27 lakhs and net loss of Rs. 28 lakhs for the quarter ended December 31, 2021 and year to date from April 1, 2021 to December 31, 2021, respectively, on its investment in a partnership firm based on interim financial results and other financial information reviewed by the independent auditors. The independent auditor’s report on interim financial results of this partnership firm have been furnished to us by the Management, and our conclusion on the Statement, in so far as it relates to the Company’s share of net loss from the firm is based solely on the reports of such auditors.

For S.R. BATLIBOI & ASSOCIATES LLP

Chartered Accountants ICAI Firm registration number: 101049W/E300004

Digitally signed by KRISHNAN KRISHNAN ARAVIND ARAVIND Date: 2022.02.12 13:17:59 +05'30'

per Aravind K Partner Membership No.: 221268

UDIN: 22221268ABNDCX3311

Place: Chennai Date: February 12, 2022

S.R. Batliboi & Associates LLP, a Limited Liability Partnership with LLP Identity No. AAB-4295 Regd. Of fi ce : 22, Camac Street, Block ‘B’, 3rd Floor, Kolkata-700 016

Rupees in lakhs except EPS information and unless otherwise stated BEARDSELL LIMITED STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2021 CIN: L65991TN1936PLC001428 REGISTERED OFFICE: 47, GREAMS ROAD, CHENNAI 600 006	Rupees in lakhs except EPS information and unless otherwise stated BEARDSELL LIMITED STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2021 CIN: L65991TN1936PLC001428 REGISTERED OFFICE: 47, GREAMS ROAD, CHENNAI 600 006	Rupees in lakhs except EPS information and unless otherwise stated BEARDSELL LIMITED STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2021 CIN: L65991TN1936PLC001428 REGISTERED OFFICE: 47, GREAMS ROAD, CHENNAI 600 006	Rupees in lakhs except EPS information and unless otherwise stated BEARDSELL LIMITED STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2021 CIN: L65991TN1936PLC001428 REGISTERED OFFICE: 47, GREAMS ROAD, CHENNAI 600 006	Rupees in lakhs except EPS information and unless otherwise stated BEARDSELL LIMITED STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2021 CIN: L65991TN1936PLC001428 REGISTERED OFFICE: 47, GREAMS ROAD, CHENNAI 600 006	Rupees in lakhs except EPS information and unless otherwise stated BEARDSELL LIMITED STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2021 CIN: L65991TN1936PLC001428 REGISTERED OFFICE: 47, GREAMS ROAD, CHENNAI 600 006	Rupees in lakhs except EPS information and unless otherwise stated BEARDSELL LIMITED STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2021 CIN: L65991TN1936PLC001428 REGISTERED OFFICE: 47, GREAMS ROAD, CHENNAI 600 006
Particulars		Quarter ended		Nine months ended		Year ended
	31.12.2021	30.09.2021	31.12.2020	31.12.2021	31.12.2020	31.03.2021
1. Income Revenue from contracts with customers Other income Total income 2. Expenses Cost of raw material and components consumed Purchase of stock-in-trade Changes in inventories of finished goods, work in progress and stock-in-trade Employee benefits expense Depreciation and amortisation expense Finance costs Other expenses Total expenses 3.Profit / (Loss) before tax (1 - 2) 4. Tax expense Current tax Current tax - earlier years Deferred tax Total tax expense 5. Profit / (Loss) after tax (3 - 4) 6. Other comprehensive income / (loss) Items not to be reclassified to profit or loss in subsequent periods Remeasurement gains / (losses) on defined benefit plans (net) Income tax effect Total 7. Total comprehensive income (5 + 6) Paid-up Equity Share Capital (Face value of Rs. 2/- each) Other equity	Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
	4,434 65	4,222 74
			3,512	11,887	7,723	12,063
			36	184	65	104
	4,499	4,296	3,548	12,071	7,788	12,167
	2,812 592 (142) 338 116 104 603
		2,601	2,125	7,670	4,370	7,067
		460	315	1,301	618	1,003
		8 306 118 102 627	(38)	(330)	10	21
			316	947	923	1,297
			125	351	373	485
			116	306	335	430
			448	1,652	1,294	1,818
	4,423	4,222	3,407	11,897	7,923	12,121
	76	74	141	174	(135)	46
	17 - 11
		31	60	56	70	131
		-	-	-	-	33
		(9)	(65)	-	(81)	(95)
	28	22	(5)	56	(11)	69
	48	52	146	118	(124)	(23)
	(5) 2
		(4)	1	(14)	3	(19)
		1	-	4	(1)	5
	(3)	(3)	1	(10)	2	(14)
	45	49	147	108	(122)	(37)
	562	562	562	562	562	562
						3,428
Earning Per Share (EPS) of Rs.2/- each (Rs.) Basic Diluted			Not Annualised
	0.17 0.17	0.19 0.19	0.52 0.52	0.42 0.42	(0.44) (0.44)	(0.08) (0.08)
See accompanyingnotes to the unaudited standalone financial results

BEARDSELL LIMITED REGISTERED OFFICE: 47, GREAMS ROAD, CHENNAI 600 006 CIN: L65991TN1936PLC001428	BEARDSELL LIMITED REGISTERED OFFICE: 47, GREAMS ROAD, CHENNAI 600 006 CIN: L65991TN1936PLC001428	BEARDSELL LIMITED REGISTERED OFFICE: 47, GREAMS ROAD, CHENNAI 600 006 CIN: L65991TN1936PLC001428	BEARDSELL LIMITED REGISTERED OFFICE: 47, GREAMS ROAD, CHENNAI 600 006 CIN: L65991TN1936PLC001428	BEARDSELL LIMITED REGISTERED OFFICE: 47, GREAMS ROAD, CHENNAI 600 006 CIN: L65991TN1936PLC001428	BEARDSELL LIMITED REGISTERED OFFICE: 47, GREAMS ROAD, CHENNAI 600 006 CIN: L65991TN1936PLC001428	BEARDSELL LIMITED REGISTERED OFFICE: 47, GREAMS ROAD, CHENNAI 600 006 CIN: L65991TN1936PLC001428
UNAUDITED STANDALONE SEGMENT WISE FINANCIAL RESULTS Reporting of Segment wise Standalone Revenue, Results, Assets and Liabilities for the nine months ended December 31, 2021 Rs. In Lakhs
Particulars	Quarter ended			Nine months ended		Year ended
	31.12.2021	30.09.2021	31.12.2020	31.12.2021	31.12.2020	31.03.2021
	Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
Segment Revenue Insulation Trading Total Revenue from contracts with customers Segment Results Insulation Trading Total Segment Results Less: Finance costs Less: Other un-allocable expenditure net of un-allocable income Profit / (Loss) before tax Segment Assets Insulation Trading Un-allocable corporate assets Total Segment Assets Segment Liabilities Insulation Trading Un-allocable corporate liabilities Total Segment Liabilities	3,837 597
		3,738	3,167	10,536	7,015	10,978
		484	345	1,351	708	1,085
	4,434	4,222	3,512	11,887	7,723	12,063
	295 46
		192	319	692	429	658
		37	51	105	67	114
	341	229	370	797	496	772
	(104) (161)	(102)	(116)	(306)	(335)	(430)
		(53)	(113)	(317)	(296)	(296)
	76	74	141	174	(135)	46
	9,984 305 1,026	9,668 296 979
			9,572	9,984	9,572	9,442
			641	305	641	488
			1,196	1,026	1,196	1,193
	11,315	10,943	11,409	11,315	11,409	11,123
	4,103 113 3,030	3,994 141 2,783
			4,259	4,103	4,259	4,271
			177	113	177	94
			3,065	3,030	3,065	2,768
	7,246	6,918	7,501	7,246	7,501	7,133
Segment revenue and expenses: Segment assets and liabilities: Segment assets and liabilities include all relevant amounts pertaining to a segment, which are directly attributable to individual segments or are attributable to individual segments on a reasonable basis. In accordance with Ind AS 108 - "Operating Segment Reporting" and evaluation by the Chief Operating Decision Maker, operating segments of the Company consists of Insulation and Trading. Segment revenue and expenses represent relevant amounts that are either directly attributable to individual segment or are attributable to individual segment on a reasonable basis.

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BEARDSELL LIMITED REGISTERED OFFICE: 47, GREAMS ROAD, CHENNAI 600 006 CIN: L65991TN1936PLC001428

NOTES TO UNAUDITED STANDALONE FINANCIAL RESULTS:

a) The unaudited standalone financial results for the quarter ended December 31, 2021 and year to date from April 1, 2021 to December 31, 2021, which have been prepared in accordance with the Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013 as amended, have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on February 12, 2022. The statutory auditors have conducted a limited review of the standalone financial results for the quarter ended December 31, 2021 and year to date from April 1, 2021 to December 31, 2021. b) The unaudited standalone financial results for the quarter ended December 31, 2021 and year to date from April 1, 2021 to December 31, 2021 also includes from the controlled entity - Saideep Polytherm (Partnership firm) a loss of Rs. 27 lakhs and Rs. 28 lakh respectively (quarter ended September 30, 2021 profit of Rs. 5 lakhs, quarter ended December 31, 2020 profit of Rs. 23 lakhs, year to date ended December 31, 2020 loss of Rs. 57 lakhs and year ended March 31, 2021 loss of Rs. 39 lakhs) under other expenses. c) The Company has considered the possible effects that may result from COVID-19 in the preparation of these standalone financial results including the recoverability of carrying amounts of financial and nonfinancial assets. In developing the assumptions relating to the possible future uncertainties in the economic conditions because of COVID-19, the Company has, at the date of approval of these standalone financial results, used internal and external sources of information which are relevant and expects that the carrying amount of these assets will be recovered. The impact of COVID-19 on the Company's financial results may differ from that estimated as at the date of approval of these standalone financial results. However, the impact assessment of COVID-19 is a continuing process, given the uncertainties associated with its nature and duration. The Company will continue to monitor any material changes to future economic conditions and the consequent impact on its business, if any and make any necessary adjustments in the relevant financial period. d) Subsequent to December 31, 2021, the Company’s board of directors approved the allotment of 9,366,336 equity shares of Rs. 2/- at a price of Rs. 10 /- (including premium of Rs.8 per share) on a rights basis to existing equity shareholders as on the record date of December 17, 2021. e) The date on which the Code of Social Security, 2020 ('The Code') relating to employee benefits during employment and post-employment benefits will come into effect is yet to be notified and the related rules are yet to be finalised. The Company will evaluate the code and its rules, assess the impact, if any and account for the same once they become effective. f) The above financial results are also available on the stock exchange websites www.bseindia.com, www.nseindia.com and on our website www.beardsell.co.in. g) Previous periods' figures have been re-grouped/ re-classified, where necessary to conform to the current period's classification/ presentation. For Beardsell Limited ANUMOLU AMRITH Digitally signed by ANUMOLU AMRITH DN: c=IN, o=Personal, pseudonym=ed57c8b1deaef6cd6d9eb7079effdcdd3d22d5a3551a3dc8399ddaaf146bbbaf, postalCode=500034, st=TELANGANA, serialNumber=d9a37943cf1de294cc6f5d3d6ce6d080444139e3b7e9cdfdfae1ea6c30a7ed30, cn=ANUMOLU AMRITH Date: 2022.02.12 12:41:55 +05'30' Place : Hyderabad Amrith Anumolu Date : February 12, 2022 Executive Director

6th Floor – “A” Block Tidel Park, No. 4, Rajiv Gandhi Salai Taramani, Chennai – 600 113, India Tel: +91 44 6117 9000

Chartered Accountants

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Independent Auditor’s Review Report on the Quarterly Unaudited 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 Beardsell Limited

1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Beardsell Limited (the “Holding Company”) and its subsidiary and controlled entity (the Holding Company, its subsidiary and controlled entity together referred to as “the Group”), for the quarter ended December 31, 2021 and year to date from April 1, 2021 to December 31, 2021 (the “Statement”) attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations”).

2. The Holding Company’s Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) “Interim Financial Reporting” prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Holding Company’s Board of Directors. 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.

We also performed procedures in accordance with the Circular No. CIR/CFD/CMD1/44/2019 dated March 29, 2019 issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable.

1. The Statement includes the results of the following entities:

2. a. Beardsell Limited

3. b. Sarovar Insulation Private Limited – Subsidiary

4. c. Saideep Polytherm – Controlled entity

5. Based on our review conducted and procedures performed as stated in Paragraph 3 above and based on the consideration of the review reports of other auditors referred of the Subsidiary and controlled entity 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 recognition and

S.R. Batliboi & Associates LLP, a Limited Liability Partnership with LLP Identity No. AAB-4295 Regd. Of fi ce : 22, Camac Street, Block ‘B’, 3rd Floor, Kolkata-700 016

6th Floor – “A” Block Tidel Park, No. 4, Rajiv Gandhi Salai Taramani, Chennai – 600 113, India Tel: +91 44 6117 9000

Chartered Accountants

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measurement principles laid down in the aforesaid Indian Accounting Standards (‘Ind AS’) specified under Section 133 of the Companies Act, 2013, as amended, 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 the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

6.

Emphasis of Matter

We draw attention to Note c of the Statement which describes the continuing impact of Covid19 pandemic, and its possible consequential implications, on the carrying value of Group’s assets as at December 31, 2021.

Our conclusion is not modified in respect of this matter.

7.

Other Matters

The accompanying Statement includes unaudited interim financial results and other unaudited financial information in respect of a subsidiary and controlled entity, whose unaudited interim financial results reflect total revenues of Rs. 877.51 lakhs and Rs. 2442.20 lakhs, total net loss after tax of Rs. 24.87 lakhs and Rs. 32.51 lakhs, total comprehensive loss of Rs. 24.87 lakhs and Rs. 32.51 lakhs, for the quarter ended December 31, 2021 and for the period from April 1, 2021 to December 31, 2021 respectively, as considered in the Statement which have been reviewed by their respective auditors. The independent auditor’s report on interim financial results of these entities 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 subsidiary and controlled entity based solely on the report of such auditors and procedures performed by us as stated in paragraph 3 above.

Our conclusion is not modified in respect of this matter.

For S.R. BATLIBOI & ASSOCIATES LLP Chartered Accountants ICAI Firm registration number: 101049W/E300004

Digitally signed by KRISHNAN KRISHNAN ARAVIND ARAVIND Date: 2022.02.12 13:15:37 +05'30'

per Aravind K Partner Membership No.: 221268

UDIN: 2221268ABNDOJ1933

Place: Chennai Date: February 12, 2022

S.R. Batliboi & Associates LLP, a Limited Liability Partnership with LLP Identity No. AAB-4295 Regd. Of fi ce : 22, Camac Street, Block ‘B’, 3rd Floor, Kolkata-700 016

STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR	STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR	STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR	Rupees in lakhs except EPS information and unless otherwise stated BEARDSELL LIMITED REGISTERED OFFICE: 47, GREAMS ROAD, CHENNAI 600 006 CIN: L65991TN1936PLC001428 THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2021	Rupees in lakhs except EPS information and unless otherwise stated BEARDSELL LIMITED REGISTERED OFFICE: 47, GREAMS ROAD, CHENNAI 600 006 CIN: L65991TN1936PLC001428 THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2021	Rupees in lakhs except EPS information and unless otherwise stated BEARDSELL LIMITED REGISTERED OFFICE: 47, GREAMS ROAD, CHENNAI 600 006 CIN: L65991TN1936PLC001428 THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2021	Rupees in lakhs except EPS information and unless otherwise stated BEARDSELL LIMITED REGISTERED OFFICE: 47, GREAMS ROAD, CHENNAI 600 006 CIN: L65991TN1936PLC001428 THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2021
Particulars		Quarter ended		Nine months ended		Year ended
	31.12.2021	30.09.2021	31.12.2020	31.12.2021	31.12.2020	31.03.2021
1. Income	Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
Revenue from contracts with customers Other income Total income 2. Expenses Cost of raw material and components consumed Purchase of stock-in-trade Changes in inventories of finished goods, work in progress and stock-in-trade Employee benefits expense Depreciation and amortisation expense Finance costs Other expenses Total expenses 3.Profit / (Loss) before tax (1 - 2) 4. Tax expense Current tax Current tax - earlier years Deferred tax Total tax expense 5. Profit / (Loss) after tax (3 - 4) Profit / (loss) for the year/period attributable to: Owners of the Company Non-controlling interest 6. Other comprehensive income / (loss) Items not to be reclassified to profit or loss in subsequent periods Gain/ (loss) on FVTOCI financial assets Remeasurement gains / (losses) on defined benefit plans (net) Income tax effect Total Other comprehensive income / (loss) for the year attributable to: Owners of the Company Non-controlling interest 7. Total comprehensive income (5 + 6) Total comprehensive income / (loss) for the year attributable to: Owners of the Company Non-controlling interest Paid-up Equity Share Capital (Face value of Rs. 2/- each) Other equity	4,771 63	4,717 71	3,764 32	12,930 176	8,510 53	13,225 90
	4,834 2,924 592 (138) 380 148 121 729	4,788 2,852 460 (22) 345 149 123 807	3,796 2,103 315 (35) 363 156 140 593	13,106 8,057 1,301 (363) 1,073 446 364 2,062	8,563 4,535 618 19 1,037 464 408 1,597	13,315 7,309 1,002 18 1,464 607 527 2,355
	4,756 78 17 - 11	4,714 74 31 - (9)	3,635 161 60 - (65)	12,940 166 56 - -	8,678 (115) 70 - (81)	13,282 33 131 33 (90)
	28	22	(5)	56	(11)	74
	50 50 (5) 2	52 52 - (4) 1	166 166 - 1 -	110 110 - (14) 4	(104) (104) - 3 (1)	(41) (41) - (19) 5
	(3) (3)	(3) (3) -	1 1 -	(10) (10)	2 2	(14) (14) -
	47	49	167	100	(102)	(55)
	47 562	49 - 562	167 - 562	100 562	(102) 562	(55) - 562 3,386
Earning Per Share(EPS) of Rs.2/- each(Rs.)		Not Annualised
Basic Diluted	0.18 0.18	0.19 0.19	0.59 0.59	0.39 0.39	(0.37) (0.37)	(0.15) (0.15)
See accompanyingnotes to the unaudited consolidated financial results

BEARDSELL LIMITED REGISTERED OFFICE: 47, GREAMS ROAD, CHENNAI 600 006 CIN: L65991TN1936PLC001428	BEARDSELL LIMITED REGISTERED OFFICE: 47, GREAMS ROAD, CHENNAI 600 006 CIN: L65991TN1936PLC001428	BEARDSELL LIMITED REGISTERED OFFICE: 47, GREAMS ROAD, CHENNAI 600 006 CIN: L65991TN1936PLC001428	BEARDSELL LIMITED REGISTERED OFFICE: 47, GREAMS ROAD, CHENNAI 600 006 CIN: L65991TN1936PLC001428	BEARDSELL LIMITED REGISTERED OFFICE: 47, GREAMS ROAD, CHENNAI 600 006 CIN: L65991TN1936PLC001428	BEARDSELL LIMITED REGISTERED OFFICE: 47, GREAMS ROAD, CHENNAI 600 006 CIN: L65991TN1936PLC001428	BEARDSELL LIMITED REGISTERED OFFICE: 47, GREAMS ROAD, CHENNAI 600 006 CIN: L65991TN1936PLC001428
UNAUDITED CONSOLIDATED SEGMENT WISE FINANCIAL RESULTS Reporting of Segment wise Consolidated Revenue, Results, Assets and Liabilities for the nine months ended December 31, 2021 Rs. In Lakhs
Particulars	Quarter ended			Nine months ended		Year ended
	31.12.2021	30.09.2021	31.12.2020	31.12.2021	31.12.2020	31.03.2021
	Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
Segment Revenue
Insulation Trading Total Revenue from contracts with customers Segment Results Insulation Trading Total Segment Results Less: Finance costs Less: Other un-allocable expenditure net of un-allocable income Profit / (Loss) before tax Segment Assets Insulation Trading Un-allocable corporate assets Total Segment Assets Segment Liabilities Insulation Trading Un-allocable corporate liabilities Total Segment Liabilities	4,174 597 4,771 314 46 360 (121) (161) 78 11,001 305 1,026 12,332 5,169 113 3,030 8,312	4,233 484 4,717 213 37 250 (123) (53) 74 10,818 296 979 12,093 5,195 141 2,783 8,119	3,419 345 3,764 363 51 414 (140) (113) 161 11,101 641 1,196 12,938 5,792 177 3,065 9,034	11,579 1,351 12,930 742 105 847 (364) (317) 166 11,001 305 1,026 12,332 5,169 113 3,030 8,312	7,802 708 8,510 522 67 589 (408) (296) (115) 11,101 641 1,196 12,938 5,792 177 3,065 9,034	12,140 1,085 13,225 742 114 856 (527) (296) 33 10,628 488 1,193 12,309 5,499 94 2,768 8,361
Segment revenue and expenses: In accordance with Ind AS 108 - "Operating Segment Reporting" and evaluation by the Chief Operating Decision Maker, operating segments of the Company consists of Insulation and Trading.
Segment assets and liabilities: Segment revenue and expenses represent relevant amounts that are either directly attributable to individual segment or are attributable to individual segment on a reasonable basis. Segment assets and liabilities include all relevant amountspertainingto a segment,which are directlyattributable to individual segments or are attributable to individual segments on a reasonable basis.

BEARDSELL LIMITED
REGISTERED OFFICE: 47, GREAMS ROAD, CHENNAI 600 006
CIN: L65991TN1936PLC001428
NOTES TO UNAUDITED CONSOLIDATED FINANCIAL RESULTS:
a) The unaudited consolidated financial results for the quarter ended December 31, 2021 and year to date from April 1, 2021 to December 31, 2021, which have been prepared in accordance with the Indian
Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013 as amended, have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on
February 12, 2022. The statutory auditors have conducted a limited review of the consolidated financial results for the quarter ended December 31, 2021 and year to date from April 1, 2021 to December 31, 2021.
b) The unaudited consolidated financial results includes the results of the Company, its subsidiary held directly - Sarovar Insulation Private Limited and controlled entity - Saideep Polytherm (Partnership firm)
(together the 'Group').
c) The Group has considered the possible effects that may result from COVID-19 in the preparation of these consolidated financial results including the recoverability of carrying amounts of financial and non-
financial assets. In developing the assumptions relating to the possible future uncertainties in the economic conditions because of COVID-19, the Group has, at the date of approval of these consolidated financial
results, used internal and external sources of information which are relevant and expects that the carrying amount of these assets will be recovered. The impact of COVID-19 on the Group's financial results may
differ from that estimated as at the date of approval of these consolidated financial results. However, the impact assessment of COVID-19 is a continuing process, given the uncertainties associated with its nature and
duration. The Group will continue to monitor any material changes to future economic conditions and the consequent impact on its business, if any and make any necessary adjustments in the relevant financial period.
d) Subsequent to December 31, 2021, the Company’s board of directors approved the allotment of 9,366,336 equity shares of Rs. 2/- at a price of Rs. 10 /- (including premium of Rs.8 per share) on a rights basis to
existing equity shareholders as on the record date of December 17, 2021.
e) The date on which the Code of Social Security, 2020 ('The Code') relating to employee benefits during employment and post-employment benefits will come into effect is yet to be notified and the related rules are
yet to be finalised. The Group will evaluate the code and its rules, assess the impact, if any and account for the same once they become effective.
f) The above financial results are also available on the stock exchange websites www.bseindia.com, www.nseindia.com and on our website www.beardsell.co.in.
g) Previous periods' figures have been re-grouped/ re-classified, where necessary to conform to the current period's classification/ presentation.
For Beardsell Limited
ANUMOLU AMRITH Digitally signed by ANUMOLU AMRITH DN: c=IN, o=Personal, pseudonym=ed57c8b1deaef6cd6d9eb7079effdcdd3d22d5a3551a3dc8399 ddaaf146bbbaf, postalCode=500034, st=TELANGANA, serialNumber=d9a37943cf1de294cc6f5d3d6ce6d080444139e3b7e9cdfdfa e1ea6c30a7ed30, cn=ANUMOLU AMRITH Date: 2022.02.12 12:43:03 +05'30'
Place : Hyderabad Amrith Anumolu
Date : February 12, 2022 Executive Director

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Sec : February : 2022 12[th] February, 2022 The Listing Manager, The Listing Manager National Stock Exchange of India Limited, BSE Limited Exchange Plaza Registered Office : Floor 25 Bandra Kurla Complex, Bandra (E) P J Towers, Dalal Street, Mumbai-400 051 Mumbai – 400 001 SCRIP CODE : BEARDSELL (ISIN - INE522F0l014) Scrip Code: 539447 – (ISIN - INE522F0l014)

Dear Sir

Sub: Declaration pursuant to Regulation 33(3Xd) of SEBI (Listing obligations & Disclosure Requirements) Regulations, 2015

ln compliance with the provisions of Regulation 33(3Xd) of SEBI (Listing and Obligations & Disclosure Requirements) Regulations, 2015, as amended by the SEBI (Listing and Obligations & Disclosure Requirements) (Amendment) Regulations, 2016 and SEBI Circular No. CIR/ CFD/CMDI 561-2016, We hereby declare that M/s.S.R.BATLIBOI& ASSOCIATES LLP, Chartered Accountants (ICAI Firm registration number: 101049W/E300004) Auditors of the Company , have issued an Limited View Report with unmodified opinion on the Un-Audited Financial Results of the Company (Standalone & Consolidated) for the Quarter and Nine Months Ended, 31[st] December,2021.

Kindly take on record the above intimation

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