bHANsAli ENGiNEERiNG polyMERs liMiTEd

CIN: L27100MH1984PLC032637

Registered Office: 401 , 4th Floor, Peninsula Heights, C. D. Barfiwala Road, Andheri (West), Mumbai - 400 058. Tel.: (91-22) 2621 6060/61/62/63/64 •Fax: (91-22) 2621 6077 •E-mail: [email protected] • Website: www.bhansaliabs.com

BEPL/SEC/2022/07

17th January, 2022

To,	To,
The BSE Limited	National Stock Exchange of India Limited
Corporate Relationship Department,	1, Bandra-Exchange Plaza, C -Kurla
Phiroze Jeejeebhoy Towers,	Complex, Bandra (East),
Dalal Street, Mumbai -400 001	Mumbai -400 051

Security Code : 500052	Security Code: BEPL

Sub: Outcome of Board Meeting - Monday, 17th January, 2022.

Dear Sir/ Madam,

Pursuant to Regulation 30, 33 and 42 read with Schedule III and other applicable Regulations of th e SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, please be informed that the Board of Directors of the Company at its meeting held today has, inter alia:

1. Approved the Un-Audited Financial Results (Standalone and Consolidated) for the quarter and nine months ended 3 1st December, 2021, after the Limited Review by the Statutory Auditors;
2 . Declared 2nd Interim Dividend of Re.1/- (100 %) per Equity Share (of the face value of Re.l each ) for financial year 2021 -22, subject to deduction of tax at source;
1. Fixed, Friday, 28th January, 2022 as the Record date for determining entitlement of shareholders to receive the 2nd Interim Dividend. The 2nd Interim Dividend will be paid on 15th February, 2022.

Considering the 1st Interim Dividend of Re .1 / - ( 100 %) per Equity Share paid on 03rd November, 2021 and the aforesaid 2nd Interim Dividend of Re.1 / - (100 %) per Equity Sh are, the total Interim Dividend declared during FY 2021-22 amounts to Rs.2/- (200 %) per Equity Sh are of th e face value of Re. I each.

The meeting commen ced at 11.30 a .m. and concluded at 12.45 p.m.

We her eby enclose the copy of Un-Audited Financial Results (Standalone and Consolidated) for the quarter and nine months ended 3 1st December, 20 2 1, together with the Limited Review Report, issued thereon by the Statutory Auditor of the Company.

b~ANSAli ENqiNEERiNq polyMERS liMiTEd

CIN : L27100MH1984PLC032637

Registered Office : 401 , 4th Floor, Peninsula Heights, C. D. Barfiwala Road, Andheri (West), Mumbai - 400 058. Tel.: (91-22) 2621 6060/61/62/63/64 •Fax: (91-22) 2621 6077 •E-mail: [email protected] •Website: www.bhansaliabs.com

Further, the Brown Field ABS Expansion Project at Company's existing plants at Abu Road (Rajasthan) & Satnoor (Madhya Pradesh) for enhancing overall ABS production capacity to 200,000 TPA is moving at slow pace on account of the ongoing Covid-19 pandemic and International Travel restrictions. The Company anticipates the current situation to improve in the next few months. Even if the existing situation improves by end on March 2022, the Company shall be in a position to implement the project by December, 2024.

Request you to take the same on record.

Thanking you,

Yours faithfully, For Bhansali Engineering Polymers Limited

~ M. Patel

Ashwin Company Secretary & GM (Legal)

Encl.: as above

INDEPENDENT AUDITOR'S REVIEW REPORT ON THE QUARTERLY AND NINE MONTHS ENDED UNAUDITED STANDALONE FINANCIAL RESULTS OF THE COMPANY PURSUANT TO REGULATION 33 OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS,2015

Review Report to The Board of Directors, Bhansali Engineering Polymers Limited, ·Mumbai.

· 1) .We have reviewed the accompanying Statement of Unaudited Standalone Financial Result of iihansali Engineering Polymers Limited("the Company") for the quarter and nine rrionthsended 31s1 December, 2021("the Statement"), being submitted by theCompany to the Stock Exchanges viz. BSE Limited ("BSE") and,The National Stock Exchange of India Limited ("NSE")pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("the Regulation"), read with SEBI Circular No. CIR/CFD/CMD1/44/2019dated 29th March, 2019 ("the Circular").
· 2) The preparation . of the statementin accordance with the recognition and measurement principles laid down in .Indian Accounting Stanoards 34, "Interim Financial Reporting", (Ind . AS .34) prescribed under Section 133 of the Companies Act, 2013, as ainended, read with , relevt rules iss1ed thereuner nd other acco,unting prildplzs generally accepted in India, read .. with th Circular is the .responsibility .of.the Comp<i1y's management and has been approved . by the Board . of Direc.tors. of the,,(:_qmpany . .<) .. i,f r;:?spon~ibliity is to express a conclusion on the Statement based on our .. review. . . 1· , .. , "·i · ·r· ·.

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We conducted ·our. review in accordance 1with ilie Standard· on Review Engageme.ut. (SRE) 2410, "Review of Interim Financial Information Performed by the 111dependent uditor of Entity "("the Standard"), issued · by the Institute of Chartered Accountants of India. This Standard requires that we.plan and perform the revie to obtain moderate assurance as to whether the Statementis free . of . material, misstatement .. :,A .review is· limited ·primarily to inquiries of Company personnel, and analytical procedures appHcd to financial data and thus provides less assurance thC:tn :an audit. :.We: havemot.:pcdormed 1 ;«n:,«q<.l;.c m1d acordingly, we do not express an audit opi11ion. ·('; ,, ,,, " .-,1 .. .:' .. ,.;:u . .-. :: ,,.;;1,, , .. v.,., .. 1.' ': : ,. .

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CHARTERED ACCOUNTANTS ·

HO: E-1603, LAKE FLORENCE, LAKfi: HOMES, OFF ADI SHANKARACHARYA MARG.· PWAI, ~~MBI. (MAHARASHTRA)· 400076, MOB. 09414167046 '" 4g°1:-402, (4TH FLOOR), SHREEJI CHAMBERS, 32 -A, PANCHWATI, UDAIPUR - 313 001 TEL. :0294 - 2428460, 2425529

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Based on our review conducted as stated above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the applicable Indian Accounting Standards ("Ind AS") prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other recognized accounting practices and policies, has not disclosed the information required to be disclosed in terms of the Regulation, read with the circular, including the manner in which it is to be disclosed or that it contains any material misstatement.

made that is considered to make a more and a acades winner there are not at a mi

For Azad Jain & Co Chartered Accountants. The classical areas and the same have a second the second Firm Registration No.: 006251C And the personal control and presents to an entitled had met ginalball in Branch and Cardinal MUMBAL Secondary and the second has information of the second second second to the second second secondary and the secondary secondary secondary and the secondary secondary secondary secondary secondary secondary seconda CA Rishabh Verdia Partner

Membership No.: 400600 ACCOUNTY THE RESIDENCE OF STRAIN PROPERTY.

Place: Mumbai Date: 17th January, 2022

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UDIN No: 22 400600 AAAAAA1735

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MARKET START START START OF START WAS

bHANSAli ENGINEERING polymers limited

CIN: L27100MH1984PLC032637

Registered Office: 401, 4th Floor, Peninsula Heights, C. D. Barliwala Road, Andheri (West), Mumbai - 400 058. Tel.: (91-22) 2621 6060/61/62/63/64 • Fax: (91-22) 2621 6077 • E-mail: [email protected] • Website: www.bhansaliabs.com

	STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE THIRD QUARTER AND NINE MONTHS ENDED 31ST DECEMBER, 2021 UNDER IND AS
	(7.in lakhs) (Except Earning per share)
		STANDALONE
	PARTICULARS		Quarter ended			Nine Months ended	Year ended
		31/12/2021Unaudited	30/09/2021	31/12/2020Unaudited	31/12/2021	31/12/2020	31/03/2021Audited
	INCOME		Unaudited		Unaudited	Unaudited
1	Gross Revenue including GST	40,300.45	44,228.01	48,524.34	1,11,893.83	96,572.76	1,52,434.35
$\mathfrak n$	Less: GST Recovered	6,148.30	6,743.85	7,397.25	17,066.22	14,720.72	23,239.60
Ш	Revenue from operations (Net of GST) (I-II)	34,152.15	37,484.16	41,127.09	94,827.61	81,852.04	1,29,194.75
IV	Other Income	619.59	346.48	168,01	1,454.76	810.72	1,018,46
v	Total Income (III+IV)	34,771.74	37,830.64	41,295.10	98,282.37	82,662.76	1,30,213,21
VI	EXPENSES
	(a) Cost of materials Consumed	19,778.52	10,564,31	10,679.23	45,057.94	30,905.42	48,135,66
	(b) Purchase of stock-in-trade(c) Changes in inventories of finished goods,	1,146.09(965.30)	804.045,207.27	3,896.52	2,170.29	16,561.731,409.44	19,016.001,358.74
	work-in-progress and stock-in-trade			3,292.21	(2, 102.10)
	(d) Employee benefits expense	1,695.19	2312.73	2417.62	5,688.47	3,966.95	6797.20
	(e) Finance Costs	2.63	4,45	13,66	12.28	20.40	63.01
	(f) Depreciation & amortisation expenses	249.94	251.11	256.52	750.29	768.47	1018,65
	(g) Other expenses	2.727.81	2233.68	2436.77	7,886.42	6,304.17	9226.30
	TOTAL EXPENSES (a to g)	24,634.88	21,377.59	22,992.53	59,373.59	59,936.58	85,615.56
VII	Profit /(Loss) before exceptional and extraordinary items	10,136.86	16,453.05	18,302.57	36,908.78	22,726.18	44,597.65
	and tax (V - VI)
VIII	Exceptional Items	÷			٠
IX	Profit /(Loss) before extraordinary items and tax (VII- VIII)	10,136.86	16,453.05	18,302.57	36,908.78	22,728.18	44,697.66
X	Extraordinary items
	Profit / (Loss) before share of net profit/(loss) of
	investment accounted for using equity method and tax (IX -	10,136.86	16,453,05	18,302,57	36,908.78	22,726.18	44,597.65
x1	$\mathbf{x}$
XII	Share of net profit/(loss) from Joint venture accounted for usingthe equity method
XIII	Profit / (Loss) before tax (XI+XII)	10,136.86	16,453.05	18,302.57	36,908.78	22,726.18	44,597.65
XIV	Tax Expenses
	(i) Current tax	2,544.70	4,141.25	4,682.00	9,283.21	5,682.00	11,177.52
	(ii) Deferred tax	26.80	(44.76)	14.86	(8.12)	26,32	78,82
XV	Profit / (Loss) for the period (XIII-XIV)	7,565.36	12,356.56	13,605.71	27,633,69	17,017.86	33,341.31
	XVI Other Comprehensive Income / (loss) (net of tax)	(14.56)	(9.69)	(0.22)	9.92	2.66	(46.72)
XVII	Total Comprehensive income / (Loss) for the period (XV$+XX$ 1	7,550.80	12,346.87	13,605,49	27,643.61	17,020.42	33,294.59
		1,659.06	1,659.06	1.659.08	1.659.06
XVIII	Paid Up Equity Share CapitalXIX Earnings per share (of ₹.1/- each) (not annualised)					1,659.06	1,659.06
	(i) Basic	4.56	7.45	8.20	16.66	10.26	20.10
	(ii) Diluted	4.56	7.45	8.20	16,66	10.26	20.10

	Notes:
	The Unaudited Standalone Financial Results have been prepared in accordance with the recognition and measurement principles provided in Indian Accounting Standards
	(IndAS 34), the provisions of the Companies Act, 2013 (the Act), as applicable and guidelines issued by the Securities and Exchange Board of India (SEBI) under SEBI (Listing
	Obligations and Disclosure Requirements) Regulations 2015, [SEBI (LODR) Regulations, 2015] as amended.
$\overline{2}$	The above results have been reviewed and recommended by the Audit Committee and approved by the Board of Directors in their meeting held on 17th Jenuary, 2022. The
	Statutory Auditors of the Company have carried out a Limited Review of the aforesaid results in terms of Regulation 33 of SEBI (LODR) Regulations, 2015.
3	In accordance with Regulation 33 of the SEBI (LODR) Regulations, 2015, the above Unaudited Standalone Financial Results of the Company are posted on Company's website
	(www.bhansaliabs.com) and on the website of BSE Limited (www.bseindia.com) and the National Stock Exchange of India Limited (www.nseindia.com), where the Company's
	shares are listed.
4	The Company operates in a single segment namely "Highly Specialized Engineering Thermoplastics".
5	The Board of Directors at its meeting held on 17th January, 2022, has declared					2nd Interim Dividend of 100% . (viz Re 1/- per Equity share having face value of Re.1/- each).

6	Figures for the previous Period/Year have been re-grouped/reworked/re-arranged wherever necessary, to make them comparable.
	RBhansali Engineering Polymers LimitedSUNTERING

			B.M.Bhansali			IAU MBAI
	TANKAManaging DirectorPlace: Mumbal
	Dated: 17th January, 2022		DIN:00102930

. • M

(

INDEPENDENT AUDITOR'S REVIEW REPORT ON THE QUARTERLYAND NINE MONTHS ENDEDUNAUDITED CONSOLIDATED FINANCIAL RESULTS OF THE COMPANY PURSUANT TO THE REGULATION 33 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015

Review Report to The Board of Directors, Bhansali Engineering Polymers Limited, Mumbai.

1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of BHANSALI ENGINEERING POLYMEP,.S LIMITED ('the Comp.any'), comprising its joint venture together, ('the Group') for the quarter and nine months ended 31s1 December, 2021 (' the Statement'), attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, as amended ('the Regulation') read with SEBI Circular No.CIR/CFD/CMDl/44/2019 dated 291 h March, 2019 ("the Circular").
1. This statement, which is the responsibility of the Parent's l.fonagement and approved by the Parent's Board of Directors in their meeting helct onl71 hJanuary, 2022 has been prepared in accordance with recognition and measurement. principles laid down in Indian Accounting Standards 34, "Interim Financial Reporting' , (Ind AS 34) prsribed under Sec_tion 133 of the Companies Act, 2013, as amended, read with relevant Rules issued_ thereunder and other accoµnting principles generally accepted in India, read with,the Circular. Our responsibility is to 'express a conclusion on the Statement based on our review ..

We conducted our review in accordar\ce with t~e . Standard on Revic\v Engagement (SRE) · 2410,

; ' ~ I '

"Review of.I11terim ,Financial. Infonnation f.erfqnu!i{ Iw the . J,1{; -1 eJzt Auditor of Entity "("the Standard"), issued by the Inst1te of Charterd j\ccounltl s.. f India .. A review of interim financial information consists. of making )nquiries, prirnary of persons responsible for financial and acco.unling mattes, and .. applyng analytical and other review procedurs. A review is substntially less in scoR thary ~ auit cm)dit.ced iO accordance with Standards on Auditing and consequently dqes not 1abl~ us to obta;n i.lS.ilJran!2e .. that we \Voulj become aware of all significnt matters that mgl.t .be d91,tifie9 in c:-n tludit. Accordingly we do not express an audit opinion. ,· .

We ~lso performed procedures in accordance: with the Circuladssued by' the Securities and Exchange Board of India under Regulation 33(8) of the SEBI (Listing Obligations and Disclosure Requi'rements)-Regulatiorts;·201S ·aS'·amended, m:\tre extent a·pplicable .

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1. The Statement includes the results of the following entitles: Bhansali Nippon A& L Private Limited (Joint venture Entity).
1. The Statement includes the interim financial results and other financial information of 1 joint venture entity whose interim financial results/information reflects Group's share of total assets of Rs.210.871 akhsand total net Profit after tax of Rs. 42.58 lakhsfor the nine months ended 31stDecember, 2021(Previous quarterProfit of Rs.36.49lakhs). These financial statements and other financial information have been reviewed by other auditor, whose reports have been furnished to us by the management. Our opinion, in so far as it relates to the affairs of such Joint venture is based solely on the report of such auditors. Our conclusion is not modified in respect of this matter.

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For Azad Jain & Co Chartered Accountants and Profile autor has of the 21 in tendom Firm Registration Number: 006251C. Manufacture of the first state from JAIN make finder her levens of the settlement CA Rishabh Verdia $\frac{1}{2}$ MUMBANI: an the deposit of statistics of the sign of the Partner Membership Number: 400600

Place: Mumbai

Date:17thJanuary,2022

UDIN No: 22400600 AAAAAB3775

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Physical Summar

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