Bhansali Engineering Polymers Ltd. — Annual Report 2022

Apr 23, 2022

® bHANsAli ENGiNEERiNG polyMERs liMi1Ed

CIN : L27100MH1984PLC032637

Registered Office : 301 & 302, 3rd Floor, Peninsula Heights, C. D. Barfiwala Road, Andheri (West), Mumbai - 400 058. Tel. : (91-22) 2621 6060/61 /62/63/64 •E-mail: abstron@bhansaliabs.com •Website : www.bhansaliabs.com

BEPL/SEC/2022/65

23rd April, 2022

To	To
The BSE Limited	The National Stock Exchange of India Ltd.
Corporate Relationship Department	Exchange Plaza, C-1, Block G,
Phiroze Jeejeebhoy Towers,	Bandra-Kurla Complex,
Dalal Street,	Sandra (E),
400 001Mumbai -	400 05 LMumbai -
Security Code: 500052	Security Code: BEPL

Sub: Outcome of Board Meeting - Saturday , 23rd April, 2022.

Dear Sir / Madam,

Pursuant to Regulation 30, 33 and 42 read with Schedule III and other applicable Regulations of the 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, inter alia, has:

• 1. Approved the Audited Financial Results (Standalone and Consolidated) for the quarter and financial year ended 31st March, 2022 and took note of the Audit Report issued by the Statutory Auditors of the Company;
• 1. Recommended a Final dividend of Re. l (100 %) per Equity Share (of face value of Re. 1 each) for the financial year ended 3 1st March, 2022, which is subject to approval of th e shareh olders of the Company in the ensuing 38th Annual General Meeting and also subject to deduction of tax at source;
• 1. Approved the appointment of Mr. Kiran Hiralal Bhansali (DIN: 05243336) as the Additional Director (designated as Whole-Time Director) of the Company w.e.f. 23rd April, 2022 to hold office upto the ensuin g Annual General Meeting;
• 1. Approved the appointment of Mr. Kiran Hiralal Bhansali (DIN: 05243336) as the Whole-Time Director of the Company for a period of 5 years w.e.f. 23rd April, 2022 to 22nd April, 2027 subject to the approval of the Members in the ensuing Annual Gen eral Meeting;
• 5 . Approved the re-appointment of M/ s. Azad Jain & Co., Chartered Accountants as the Statutory Auditors of the Company for a 2nd term of five years, subject to the approval of the Members in the ensuing Annual Gen eral Meeting.

bHANsAli ENGi N EERi NG polyM ERs li M iTEd

CIN: L27100MH1984PLC032637

Registered Office : 301 & 302, 3rd Floor, Peninsula Heights, C. D. Barfiwala Road, Andheri (West), Mumbai - 400 058. Tel. : (91-22) 2621 6060/61/62/63/64 •E-mail : abstron@bhansaliabs.com •Website : www.bhansaliabs.com

• 7 . Fixed the date of closure of Register of Members and Share Transfer Books of the Company from Thursday, 23rd June, 2022 to Wednesday, 29th June, 2022 (both days inclusive) for the purpose of holding the 38th AGM and payment of Dividend to Equity Shareholders;
• 1. Fixed, Wednesday, 22nd June, 2022 as the Record date for determining entitlement of shareholders to receive the dividend for the financial year ended 31st March, 2022. The Dividend, if approved by the shareholders at the ensuing 38th AGM, will be paid on or before 28th July, 2022.
• 9 . Note on Capacity Enhancement:

Further, the Board noted that the steps taken by the Company for improvement in Operational Efficiencies and Process Improvement at both its Plants have resulted in increase in the Overall ABS production based on availability of HRG and SAN from 65,000 TPA to 75,000 TPA (10,000 TPA additional ABS Production) without incurring any Capex, effective from 1st April, 2022. All statutory approvals (viz. Environment Clearance, Consent to Establish, Consent to Operate etc.) from various Government Authorities, pertaining to the aforesaid capacity enhancement have already been received by the Company.

1. Update on 2 ,00,000 TPA ABS Expansion:

With regards to Enhancing Overall ABS Production capacity to 2 ,00,000 TPA at Company's existing plants at Abu Road (Rajasthan) & Satnoor (Madhya Pradesh) by December 2024, the pace was slow in Q4 FY22 due to spread of Omicron Virus all over the World. International travel was restricted, especially to Japan wherein further Technological discussion and finalization were to be done.

With relaxation in Covid related restrictions for the International Travellers, the Company's Management shall visit Japan in May 22 for further advancement on the Brownfield Expansion Project.

The slow pace due to Omicrom Virus may lead to a delay in project implementation by 3 months and the Company shall endeavour to expedite the completion of Project before March 2025.

Further, we would like to state that M/ s Azad Jain & Co. , Chartered Accountants, Mumbai (FRN - 006251C), Statutory Auditors of the Company, have issued Audit Reports with unmodified opinion on the Financial Results for the quarter and year ended 31st March, 2022.

bHANsAli ENGiNEERiNG polyMERs liMiTEd

CIN: L27100MH1984PLC032637 Registered Office : 301 & 302, 3rd Floor, Peninsula Heights, C. D. Barfiwala Road, Andheri (West), Mumbai - 400 058. Tel.: (91-22) 2621 6060/61 /62/63/64 •E-mail: abstron@bhansaliabs.com •Website: www.bhansaliabs.com

We hereby enclose the following:

• 1. Audit Report on Financial Results (Standalone and Consolidated) for the quarter and financial year ended 31st March, 2022, issued by the Statutory Au ditors of the Company.
• 1. Copy of Audited Financial Results (Standalone and Consolidated) for the quarter and financial year ended 31st March , 2022.
• 3 . Declaration from the Executive Director cum CFO with respect to unmodified opinion on Financial Results, as received from the Statutory Auditors of the Company.
• 1. Brief profile and other necessary details of Mr. Kiran Hiralal Bhansali (DIN: 05243336), Additional Director designated as WholeTime Director, as required under SEBI Circular No. CIR/ CFD/ CMD / 4/2015 dated 9th September, 2015.

You are requested 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

J

·.

AZAD JAIN & CO. CHARTERED ACCOUNTANTS

INDEPENDENT AUDITOR'S REPORT

To,

The Board of Directors of Bhansali Engineering Polymers Limited

Report on the Audit of the Standalone Annual Financial Results

Opinion

We have audited the accompanying Statement of standalone financial results of BHANSALI ENGINEERING POLYMBRS LIMITED ('the Company') for the quarter and year ended 31" March, 2022 ('the Statement'), attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosures Requi.rements) Regulations, 2015, as amended ('the Regulation').

In our opinion and to the best of our information and according to the explanations given to us, .the statement:

a. is presented in accordance with the requirements of Regulation 33 of the Regulations; and

b. gives a true and fair view in conformity with Indian Accounting Standard 34 "Interim Financial Reporting", (lnd AS 34") prescribed under Section 133 of the Companies Act, 2013 (the "Act'') read with relevant rules issued thereunder and other accounting principles generally accepted in India of the net p rofit and total comprehensive income and other financial information of the Company for the quarter and year ended 31st March, 2022.

Basis for Opinion

We conducted our audit of the Statement in accordance with the Standards on Auditing ("SA"s) specified under Section 143(10) of the Act. Our responsibilities under U1ose Standards are further described in the Auditor's Responsibilities for the Audit of the Standalone Financial Results section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India ("ICAI") together with the e thical requirements that are relevant to our audit of the Standalone Financial Results under the provisions of the Act and the Rules thereunder, and we have fulfilled our othe r ethical responsibilities in accordance with these requirements and the !CAi's Code of Ethics. '\e believe that the audit evidence obtained by us is sufficient and appropriate to prov ide a basis for our audit opinion.

Management's Responsibilities for the Standalone Financial Results

This Statement, is the responsibility of the Company's Management and approved by the Board of Directors, has been compiled on the basis of standalone financial statements for the year ended 31st March, 2022. The Company's Board of Directors are responsible for the preparation and presentation of the Standalone Financial Results that give a true and fair view of the net profit and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in Ind AS 34, p rescribed under Section 133 of the Acl, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance wiU1 Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and 0U1er irregularities; selection and application of appropriat~,-~'F.Jy_

HO: E-1603, LAKE FLORENCE. LAKE HOMES. OFF ADI SHANKARACHARYA MARG, POWAi, MUMBAI, (MAHARASHTRA)-.40oo76, MOB 09414167046

40'1-402, (4TH FLOOR), SHREEJI CHAMBERS, 32 -A, PANCHWATI, UDAIPUR - 313 001 TEL. :0294 - 2428460, 2425529

policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls that were opera ting effectively for ensuring the accuracy and completeness of U1e accounting records, relevant to the preparation and presentation of the Standalone Financial Results that give a true and fair view and is free from mate rial misstatement, whether due to fraud or error.

In preparing the Standalone Financial Results, the Board of Directors are responsible for asses.sing the Company's ability, to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Diredors either intends to liquidate the Company or lo cease operations, or has no realistic alterna tive but to do so.

TI1e Board of Directors are also responsible for overseeing the financial reporting process of the Company .

Auditor's Responsibilities for the Audit of the Standalone Financial Resu lts

..

Our objectives are to obtain reasonable assurance about whether the Standalone Financial ResuJts as a whole is free from material misstatement, whelher d ue lo fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee tha t an audit cond ucted in accordance wUh SAs will always detect a materi al misstatement when it exists. Misstatemen ts can arise from fraud or error and are considered material if, individually or in the aggrega te, iliey could reasonably be expected to influence the economic decisions of users taken on the basis of this Standalone Financial Results.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skep ticism throughout the audit. We also:

• lde1\bfy and assess the risks of material misstatement of the Standalone Financial Results, whether due to fraud or error, design and perform audit procednres responsive to U\ose risks, and obtajn audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a ma terial misstatement resulting from fraud is higher ilian for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
• Obtain an understanding of internal financial controls relevant to the aud it in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of such controls.
• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Board of Directors.
• Evaluate the appropriateness and reasonablet1ess of d isclosures made by the Board of Directors in terms of the requirements specified under Regulation 33 of the Listing Regula tions.
• Conclude on the appropriateness of U1e Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions iliat may cast significant d oubt on ilie ability of the Company to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw a ttention in our auditor's report to the related disclosures in the Statement or, if such d isclosures a re inadequate, to modify our opinion. Our conclusions are based on

the audit evidence obtained up to the date of ou1 auditor's ~po t. I lowcver, future events or conditions may cause the Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the Standalone Financial Results, including the disclosures, and whether the Standalone Financial Results represent the underlying transactions and events in a manner that achieves fair presentation.
• Obtain Sllffident appropriate audit evidence regarding the Standalone Financial Results of the Company to express an opinion on the Standalone Financial Results.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit find ings, including any significant deficiencies in internal control that we identify during our audit

We also provide those charged with governance with a sta.tement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, rela l-ed safeguards.

Other Matter

.. ' .

The statement includes the results for the quarter ended 31st March, 2022 being the balancing figure between the audited figures in respect of the fuU financial year ended 31st March, 2022 and the published unaudited year to date figures up to the third quarte r of the current financial year, which were s ubjected to limited review by us, as required under the Regulations.

For d Jain & Co

'--

Part11er

Membership Number: 400600

Place: Mumbai Dated : 23rJ April, 2022 UDIN No: ,:2 .{ ~ O O b o O ~ 'to\ ~ 3 )( E 4 b J q

® bHANsAli ENGiNEERiNG polyMERS liMiTEd

CIN: L27100MH1984PLC032637

Registered Office : 301 & 302, 3rd Floor, Peninsula Heights, C. D. Barfiwala Road, Andheri (West), Mumbai - 400 058. Tel.: (91-22) 2621 6060/61/62/63/64 • E-mail: abstron@bhansaliabs.com • Website : www.bhansal iabs.com

	STATEMENT OF STANDALONE AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31ST MARCH, 2022 UNDER IND AS
		('(.in lakhs) (Except Earning per share)
				STANDALONE
	PARTICULARS	31/03/2022	Quarter ended31/12/2021	31/03/2021	31/03/2022	Year ended31/03/2021
		Audited	Unaudited	Audited	Audited	Audited
	INCOME
I	Gross Revenue including GST	51,940.83	40,300.45	55,861 .59	163,834.66	152,434.35
IIIll	Less:GST RecoveredRevenue from operations (Net of Gsn (1-11)	7,373.4444,567.39	6,148.3034152.15	8,518.8847 342.71	24,439.66139,395.00	23,239.60129,194.75
	IV Other Income	447.15	619.59	205.38	1,901.91	1,018.46
	v Total Income llll+IVl	45,014.54	34,771.74	47,548.09	141,296.91	130,213.21
VI	EXPENSES
	(a) Cost of materials Consumed(b) Purchase of stock-in-trade	23,569.817,350.47	19,778.521, 146.09	17,230.242,454.27	68,627.759,520.76	48135.6619016.00
	(c) Changes in inventories of finished goods,	{1,096.73)	(965.30)	(50.70)	(3,288.83)	1358.74
	work-in-progress and stock-in-trade
	(d) Employee benefits expense	1,571.05	1695.19	2830.25	7,259.52	6797.20
	(e) Finance Costs	4.47246.04	2.63249.94	42.61231 .01	16.75996.33	63.011018.65
	(f) Depreciation & amortisation expensesl(Q) Other expenses	3,069.57	2727.81	2938.93	10,955.99	9226.30
	TOTAL EXPENSES (a to al	34,714.68	24,634.88	25,676.61	94,088.27	85,615.56
	VII Profit /(Loss) before exceptional and extraordinary items	10,299.86	10,136.86	21,871.48	47,208.64	44,597.65
	and tax IV - VII	-	-	-	-	-
	VIII Exceptional Items
	IX Profit /(Loss) before extraordinary items and tax (VII- VIII)	10,299.86	10,136.86	21 ,871.48	47,208.64	44,597.65
	x Extraordinary items	-	-	-	-	-
	Profit I (Loss) before share of net profit/(loss) of	10,299.86	10,136.86	21,871.48	47,208.64	44,597.65
XI	investment accounted for using equity method and tax (IXXl
	Share of net profit/{loss) from Joint venture accounted for
XII	usina the eauitv method	-	-	-	-	-
	XIII Profit I ILossl before tax IXl+Xlll	10,299.86	10,136.86	21,871.48	47,208.64	44,597.65
	XIV Tax Expenses(i) Current tax	2,938.53	2,544.70	5,495.52	12,221 .74	11,177.52
	ICiil Deferred tax	49.68	26.80	52.50	41 .56	78.82
	xv Profit I (Loss) for the period ( XIII- XIV)	7,311.65	7;565.36	16,323.46	34,945.34	33,341.31
	XVI Other Comprehensive Income I (loss) (net of tax)1 ota1 1.,;omprenens1ve income / \Loss) tor me penoa I" v	(23.23)	(14.56)	(49.29)	(13.31	(46.72)
XVII	+XVI)	7,288.42	7,550.80	16,274.17	34,932.03	33,294.59
	XVIII Paid Up Equity Share Capital	1,659.06	1,659.06	1,659.06	1,659.06	1,659.06
	XIX Earnings per share (of 1/- each) (not annualised)
	(i) Basic	4.41	4.56	9.84	21.06	20.10
	'ii) Diluted	4.41	4.56	9.84	21.06	20.10
	Notes:
1	The Audited Standalone Financial Results have been prepared in accordance with the recognition and measurement principles provided in Indian
	Accounting_ Standards (lndAS 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.
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 23rdApril,2022.
3	In accordance with Regulation 33 of the SEBI (LODR) Regulations; 2015, the above Audited 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 figures for the quarter ended 31st March, 2022 and 31st March, 2021 are the balancing figures between the audited figures in respect of the full
5	financial year and the reviewed year-to-date figures up to third quarter of the respective financial year.The Company operates in a single segment namely 'Highly Specialized Engineering Thermoplastics" .
6	During the Financial Year (' FY") 2021-22, the Board of Directors had declared 1st and 2nd Interim Dividend on'.1/- each (100 %) per Equity Share (of the
	face value of '{.1 ), which was paid on 03rd November, 2021 and 11th February, 2022 respectively. Further, the Board of Directors in its meeting held on 23rd
	April, 2022, has recommended a Final Dividend of '{.1/- each (100 %) per Equity Share for FY ended 31st March, 2022, subject to approval of the
	shareholders in the ensuing Annual General _Meeting.Considering the above, the total Dividend declared during FY 2021-22 amounts to '{.3/- each (300 %)
	per Equity Share.
7	Figures for the previous Period/ Year have b~en re-grouped/ reworked/ re-arranged wherever necessary, to ~ke them comparable.					-ell
			F~	mg Polymers Limited		~
			;a: ~ngin· Bh
	-Place : Mumbai		B.M.ani <br>Mana ing Direc or			., :
	Dated : 23rd April, 2022		DIN:00102930

Satnoor Plant : Bhansali Nagar, Taluka - Sausar, Dist. Chhindwara, Madhya Pradesh - 480 108.

Tel. : (07165) 226376/77/78/79 • E-mail : beplchw@bhansal iabs.com Abu Road Plant : Plot No. SP-138-143, Ambaji Industrial Area, Abu Road, Dist. Sirohi (Rajasthan) - 307 026. Tel.: (02974) 226781/82/83/84 • E-mail: beplabr@bhansaliabs.com

b~ANsAli ENGiNEERiNG polyMERs liMiTEd

GIN: L27100MH1984PLC032637

Registered Office : 301 & 302, 3rd Floor, Peninsula Heights, C. D. Barfiwala Road, Andheri (West), Mumbai - 400 058. Tel.: (91 -22} 2621 6060/61/62/63/64 • E-mail : abstron@bhansaliabs.com • Website: www.bhansaliabs.com

		(~in lakhs)
Sr.No.	Particulars	As at 31stMarch 2022	As at 31stMarch 2021
	A Assets
	1) Non-Current Assets
	(a) Property, Plant and Equipment	14,452.27	14,075.48
	(b) Capital work in progress	-	-
	(c) Intangible assets	0.85	6.03
	(d) Financial assets
	(i) Non- current Investments	112.80	150.00
	(ii) Loans	4,200.00	2,452.47
	(iii) Other financial assets	-	-
	(e) Other non-current assets	392.31	469.45
	Total Non-Current Assets (A)	19,158.23	17,153.43
	2) Current Assets
	(a) Inventories	19,742.09	11,286.58
	(b) Financial assets
	(i) Trade Receivables	28,240.57	29,073.64
	(ii) Cash and cash equivalents	7,728.40	12,948.63
	(iii) Bank balances other than (ii) above	13,137.63	2,361.81
	(iv) Loans	21,702.22	3,938.16
	(v) Other Financial assets	415.43	12.09
	( c) Other current assets	602.06	894.99
	Total Current Assets (B)	91,568.40	60,515.90
	Total Assets (A)+ (B)	110,726.63	77,669.33
	B Equity & Liabilities
	1) Equity
	(a) Equity share capital	1,659.06	1,659.06
	(b) Other Equity	96,381 .20	66,426.35
	Total Equity (A)	98,040.26	68,085.41
	2) Liabilities
	Non-Current Liabilities
	(a) Financial Liabilities	57.55	50.61
	(b) Provisions	100.25	375.12
	(c) Deferred tax liabilities (Net)	1,735.35	1,698.26
	Total Non-Current Liabilities (B)	1,893.15	2,123.99
	Current Liabilities
	(a) Financial Liabilities
	(i) Trade payables
	<br>a) total outstanding dues of micro and small enterprises	143.24	-
	b) total outstanding dues of creditors other than micro	6,839.25	3,617.99
	and small enterprises
	(ii) Other Financial Liabilities	439.36	355.42
	(b) Other current liabilities	3,295.20	3,440.07
	(c) Provisions	35.4540.72	46.45-
	(d) Current tax liabilities (Net)		-	o .oo,
	Total Current Liabilities (C}	10,793.22	7,459.93	~ t, , ;;;;~\~0
·				'?.

Satnoor Plant : Bhansali Nagar, Taluka - Sausar, Dist. Chhindwara, Madhya Pradesh - 480 108. Tel. : (07165) 226376/77/78/79 • E-mail: beplchw@bhansaliabs.com

.. Abu Road Plant : Plot No. SP-138-143, Ambaji Industrial Area, Abu Road, Dist. Sirohi (Rajasthan) - 307 026. Tel. : (02974) 226781/82/83/84 • E-mail : beplabr@bhansaliabs.com

bH.ANsAli ENGiNEERiNG polyMERs liMiTEd

CIN: L27100MH1984PLC032637

Registered Office : 301 & 302, 3rd Floor, Peninsula Heights, C. D. Barfiwala Road, Andheri (West), Mumbai - 400 058. Tel.: (91 -22) 2621 6060/61/62/63/64 • E-mail: abstron@bhansaliabs.com • Website: www.bhansaliabs.com

BHANSALI ENGINEERING POLYMERS LIMITEDStandalone Statement of Cash Flow for the Year ended 31st March, 2022
		(~in lakhs)
Cash flows from operating activities
Profit before tax as per statement of profit and loss	47,208.64	44,597.65
Adjustments to reconcile profit before tax to net cash flows
Depreciation of property, plant and equipment	991.15	1,015.93
Amortisation of Intangible Assets	5.18	2.73
Profit/(Loss) on Disposal/Write Off of Fixed Assets (Net)		7.47
Net (gain)/loss on sale of investments	(12.28)
Interest income	(1,520.64)	(565.99)
Fina nee Costs		50.98
Unrealised exchange (gain)/ losses	73.00	47.53
Operating profit before working capital changes	46,745.05	45,156.30
Movement in Working Capital:
Decrease I (Increase) in Inventories	(8,455.51)	9,548.86
Decrease/ (increase) in Trade and other receivables	833.07	(13,699.86)
Decrease I (increase) in other current financial assets	(403.34)	99.19
Decrease/ (increase) in Other current assets	292.93	682.87
Decrease I (increase) in Other non current assets	58.59	6.85
Increase I (Decrease) in Trade payable	3,291.50	(23,660.28)
Increase I (Decrease) in Provision	(303.66)	(79.56)
Increase I (Decrease) in other current financial liabilities	42.88	230.18
Increase I (Decrease) In Other current liabilities	(144.87)	3,226.83
Cash generated from/( used in) operations	41,956.64	21,511.38
Direct taxes paid, net of refunds	(12,181.02)	(11,177.52)
Net cash flow from/( used In) operating activities (A)	29,775.62	10,333.86
Cash flows from investing activities
Purchase of Property, plant and equipment including CWIP	(1,349.38)	5.12
Proceeds from sale of Property, plant and equipment		7.78
Fixed Deposits placed	(10,727.82)	(1,594.16)
Proceeds from Buyback of Investments in JV	49.48
Loans Given	(28,775.00)	(5,329.41)
Loans Returned	9,263.41	4,272.33
Interest income	1,520.64	565.99
Net cash from/( used In) Investing activities (B)	(30,018.67)	(2,072.35)
Cash flows from financing activities
Finance Costs		(50.98)
'lDividend paid on equity shares	(4,977.18)	(829.53)
Net cash from/( used in) financing activities (C)	(4,977.18)	(880.51)
Net increase I (decrease) in cash and cash equivalents (A+B+C)	(5,220.23)	7,381.00
Cash and Cash equivalents at the beginning of year	12,948.63	5,567.63
Cash and Cash equivalents at the end of the year (refer Note 11)	7,728.40	12,948.63

1. The above Cash Flow Statement has been prepaFed under the 'Indirect method' as set out in the Ind AS-7 on Statement of Cash Flow as notified under Companies (Accounts) Rules, 2015.

2.Previous year's figures have been regrouped and rearranged wherever necessary.

Satnoor Plant	: Bhansali Nagar, Taluka - Sausar, Dist. Chhindwara, Madhya Pradesh - 480 108.
	Tel.: (07165) 226376/77/78/79 • E-mail : beplchw@bhansaliabs.com
Abu Road Plant	: Plot No. SP-138-143, Ambaji Industrial Area, Abu Road, Dist. Sirohi (Rajasthan) - 307 026.
	Tel. : (02974) 226781/82/83/84 • E-mail : beplabr@bhansaliabs.com

AZAD JAIN & CO. CHARTERED ACCOUNTANTS

INDEPENDENT AUDITOR'S REPORT

To,

The Board of Direclors of Bhansali Engineering Polymers Limited

Report on the Audit of the Consolidated Annual Financial Results

Opinion

We have audited the accompanying Statement of consolidated finannal results of BIIANSALI ENGlNEERl NG POLYMERS LIMITED ('the Company'), comprisin g its jomt venture company BHANSALI NIPPON A & L PRIVATE LIMITED (together, ' the Group') for the yc<1 r ended 31•1 March, 2022 ('the Statement'), attached here with, being submitted by the Company pursuant to U1e requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, as amended ('the Regulation').

In our opinion and to the best of our information and according to the explanations given to us, and based on the consideration of the report of M/ s B.L Dasharda & Associa tes, Chartered Accountants, on separate financial statements <1nd the other financial information of Joint Venture, these consolidated financial results for the year:

• a) includes the year to date financial results of the Group;
• b) is presented in accordance with U1e requirements of Regulation 33 of the Regulations; and
• c) gives a true and fair view in conformity with Indian Accounting Standard 34 "Interim Financial Reporting ("Ind AS 34") prescribed under Section 133 of the Companies Act, 2013 (the "Act") read with relevant rules issued thereunder and other accounting principles generally accepted in India of the net profit and total comprehensive income and other financial information of U1e Company for the quarter and year ended 31st March, 2022.

Basis for Opin ion

We conducted our audit of the Statement in accordance with the Standards on Audibng ("SA"s) specified under Section 143(10) of the Act. Our responsibilities unde r those Stand<1rds are further described in the Aud itor's Responsibilities for the Audit of the Consolidated Financial ~' sults section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the lnstitule of Chartered Accountants of India (" TCAJ") together with the ethical requirements that are relevant to our audit of the Consolidated Financial Results under the provisions of the Act and the Rules thereunder, and we have fulfilled our othe r ethical responsibilities in accordance with these requirement<; and the !CAi's Code of Ethics. .'e believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion. ,

Management's Responsibilities for the Consolidated Financial Results

This Statement, is the responsibility of the Company's Management and approved by the Board of Directors, has been compiled on the basis of consolidated financial statements for the year ended 31st March, 2022. The Board of Directors of lhe companies are responsible for the preparation and presentation of the Consolidated Financial Results that give a true and fair view of the net profit and other comprehensive income and other financial information of the ,9f(}~~..!!

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HO: E-1603, LAKE FLORENCE, LAKE HOMES, OFF ADI SHANKARACHARYA MARG, POWAi. MUMBAI. (MAHARASHTRA)· 400076, MOB. 09414167046

40"1 -402, (4TH FLOOR), SHREEJI CHAMBERS, 32 -A. PANCHWATI, UDAIPUR • 313 001 TEL ·0294. 2428460, 2425529

accordance with the recognition and measurement principles laid down m Ind AS 34, prescribed under Section 133 of the Act, read with relevant rules i~s ued thereunder and other accounting principles generally accepted in lndia and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequal-e accounting records in accordance with the provisions of the Act for safeguarding the assets of the Group and for preventing and detecting frauds and olher irregularities; selection and application of appropriate accounting policies; making judgments and estimates U1at are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Consolidated Financial Results that give a true and fair view and is free from material misstatement, whether due to fraud or error.

In preparing the Consolidated Financial Results, the respective Board of Directors are responsible for assessing the Group ability, to continue as a going concern, disclosing, as a pplicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no rea listic alternative but to do so.

Those respecbve Board of Directors are also responsible for overseeing the financial reporting process of the Group.

Auditor's Responsibilities for the Auilit of the Consolidated Financial Results

Our objectives are to obtain reasonable assurance about whether the Consolidated Financial Results as a whole is free from material misstatement, wheilier due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this Consolidated Fina ncial Results.

As part of an auilit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit We also:

• Identify and assess the risks of material misstatement of the Consolidated Financial Results, whether due to fraud or error, design and perform auilit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropri<1te to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
• Obtain an understanding of internal financial controls relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing ~1 opinion on the effectiveness of such controls.
• Evalua te the appropriateness of accounting policies used and the rcasonnbleness of accounting estimates made by U1e Board of Directors.
• Evaluate the appropriateness and reasonableness of disclosures made by the Boar d of Directors in terms of the requirements specified under Regulation 33 of the Listing Regulations. --····· ·

• Conclude 011 the appr pnatenes~ of the 'Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Company to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Statement or, if such disclosures arc inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report However, future events or conditions may cause the Company to cease to continue as a going concern.
• Evaluate the overall presentation, structure and content of the Consolidated Financial Results, including the disclosures, and whether the Consolidated Financial Results represent the underly ing transactions and events inn maru1er tha t achieves fair presentation.
• Obtain sufficient appropriate audit evidence regarding the Consolidated Financial Results of the Company to express an opinion on the Consolidated Financial Resul ts.

We communicate with those charged with goverrnmce regarding, among other matters, the planned scope and timing of U1e audit and significant audit findings, including any significant deficiencies in internal control U1at we identify during our audit

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with iliem all relationships and other matters iliat may reasonably be iliought to bear on our independence, and where applicable, related safeguards.

Other Matters:

..

We did not audit tlle financial statements and oilier fi nancial information, in respect of iL-; Joint venture whose financial information reflects tota l assets of ~.459.36 lakhs as al 31" March, 2022, total revenues oH.386.18 lakhs and total profit oH.116.78 lakhs for the year ended on that date. These financial statements and other financial information have been audited by other auditor, whose reports have been furnished to us by ilie 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. O ur opinion is not qualffied in respect of this matter.

For Azad Jain & Co __ _,, . ....-.:,.~ CltartcredAccountants Y-~~(' egimr tion ber:oo625 cf~1 _ '? .. \ -' ~ I ()_ J • l tJtUMBAl :d

Membership Number: 400600

Place: Mumbai Dated : 23rc:1 April, 2022 UDIN No: .(.<_ ~ 0 0 b 0 0 A -\ ~ -S . D C\ \ q S

.<'") L N . I \ \1.,\ ~:::./ CA fusnal>h erdia .. · -s;~~ 't~· - .. :-h'"- O,;r Partner ~..:~o .... c.q,- ...... ~-:.-

® b~ANsAli ENGiNEERiNG polyMERs liMiTEd

GIN : L271OOMH1984PLC032637

Registered Office : 301 & 302, 3rd Floor, Peninsula Heights, C. D. Barfiwala Road, Andheri (West), Mumbai - 400 058. Tel. : (91 -22) 2621 6060/61/62/63/64 • E-mail : abstron@bhansaliabs.com • Website: www.bhansaliabs.com

	STATEMENT OF CONSOLIDATED AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31ST MARCH, 2022 UNDER IND AS
		(t.in lakhs) (Except Earning per share)
				CONSOLIDATED	Year ended
	PARTICULARS	31/03/2022	Quarter ended31/12/2021	31/03/2021	31/03/2022	31/03/2021
		Audited	Unaudited	Audited	Audited	Audited
	INCOME
I	Gross Revenue including GSTLess:GST Recovered	51 ,940.837,373.44	40 300.456 148.30	55,861 .598,518.88	163,834.6624,439.66	152,434.3523,239.60
IIIll	Revenue from operations (Net of Gsn (1-11)	44 567.39	34152.15	47 342.71	139 395.00	129194.75
	IV Other Income	447.15	619.59	205.38	1,901.91	1,018.46
	v Total Income (lll+IV)	45,014.54	34,771.74	47,548.09	141,296.91	130,213.21
VI	EXPENSES
	(a) Cost of materials Consumed(b) Purchase of stock-in-trade	23,569.817,350.47	~9,778.521,146.09	17,230.242,454.27	68,627.759,520.76	48,135.6619,016.00
	(c) Changes in inventories of finished goods,	(1,096.73)	(965.30)	(50.70)	(3,288.83)	1,358.74
	work-in-progress and stock-in-trade
	(d) Employee benefits expense	1,571 .05	1,695.19	2,830.25	7,259.52	6797.20
	(e) Finance Costs	4.47246.04	2.63249.94	42.61	16.75996.33	63.011,018.65
	(f) Depreciation & amortisation expenseslal Other exoenses	3,069.57	2,727.81	231.012,938.93	10,955.99	9,226.30
	TOTAL EXPENSES (a tog)	34,714.68	24,634.88	25,676.61	94,088.27	85,615.56
	VII Profit I (Loss) before exceptional and extraordinary items	10,299.86	10,136.86	21,871.48	47,208.64	44,597.65
	anti tax IV - VII
	VIII Exceotional Items	-	-	-	-	-
	IX Profit I (Loss) before extraordinary items and tax (VII- VIII)	10,299.86	10,136.86	21,871.48	47,208.64	44 597.65
	x Extraordinarv items	-	-	-	-	-
	Profit I (Loss)before share of net profit/(loss) of investment
XI	accounted for using equity method and tax (IX -X)	10,299.86	10,136.86	21,871.48	47,208.64	44,597.65
	Share of net profit/(loss) from Joint venture accounted for using
	XII the eauitv method	15.81	6.09	25.27	58.39	48.68
	XIII Profit I (loss) before tax (Xl+Xlll	10 315.67	10 142.95	21 896.75	47 267.03	44 646.33
	XIV Tax Expenses
	(i) Current taxI (ii) Deferred tax	2,938.5349.68	2,544.7026.80	5,495.5252.50	12,221.7441 .56	11177.5278.82
	xv Profit I (Loss) for the period (XIII- XIV I	7 327.46	7 571 .45	16 348.73	35 003.73	33,389.99
	XVI Other Comprehensive Income I (loss) (net of tax)	(23.23)	(14.56)	(49.29	(13.31)	(46.72)
XVII	1 ota1 1.;omprenens1ve income / (Loss) tor tne penoa \Av+XVI)	7,304.23	7,556.89	16,299.44	34,990.42	33,343.27
	XVIII Paid Up Equity Share Capital	1,659.06	1,659.06	1,659.06	1,659.06	1,659.06
	XIX Earnings per share (of<'.1/- each) (not annualised)
	(i) Basic	4.42	4.56	9.85	21.10	20.13
	(ii) Diluted	4.42	4.56	9.85	21.10	20.13
1	Notes:The Audited Consolidated Financial Results have been prepared in accordance with the recognition and measurement principles provided in Indian Accounting
	Standards (lndAS 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, 201 SJ as amended.
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 23rd April,2022.
3	In accordance with Regulation 33 of the SEBI (LODR) Regulations, 2015, the above Audited Consolidated 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 figures for the quarter ended 31st March, 2022 and 31st March, 2021 are the balancing figures between the audited figures in respect of the full financial year
	and the reviewed year-to-date figures up to third quarter of the respective financial year.
5	The Company operates in a single segment namely "Highly Sp,rcialized Engineering Thermoplastics" .
6	During the Financial Year ("FY") 2021-22, the Board of Directors had declared 1st and 2nd Interim Dividend of t .1/- each (100 %) per Equity Share (of the face
	value of t .1), which was paid on 03rd November, 2021 and 11th February, 2022 respectively. Further, the Board of Directors in its meeting held on 23rd April, 2022,
	has recommended a Final Dividend oft.1/- each (100 %) per Equity Share for FY ended 31st March, 2022, subject to approval of the shareholders in the ensuingAnnual General Meeting.Considering the above, the total Dividend declared during FY 2021-22 amounts to t.3/- each (300 %) per Equity Share.
7	Figures for the previous Period/ Year have been re-grouped/ reworked/ re-arranged wherever necessary, to make them comparable.
			For Bhansali Engineering Polymers Limited
					-	~
	-		B.M.Bhansali			ll ;;;
	Place : Mumbai		Managing Director			('~-~~
	Dated : 23rd April, 2022		DIN:00102930			8 *

Tel. : (02974) 226781/82/83/84 • E-mail : beplabr@bhansaliabs.com

Satnoor Plant : Bhansali Nagar, Taluka - Sausar, Dist. Chhindwara, Madhya Pradesh - 480 108. Tel.: (07165) 226376/77/78/79 •E-mail: beplchw@bhansaliabs.com Abu Road Plant : Plot No. SP-138-143, Ambaji Industrial Area, Abu Road, Dist. Sirohi (Rajasthan) - 307 026.

b~ANsAli ENGiNEERiNG polyMERs liMiTEd

CIN : L271OOMH1984PLC032637

Registered Office : 301 & 302, 3rd Floor, Peninsula Heights, C. D. Barfiwala Road, Andheri (West), Mumbai - 400 058. Tel. : (91-22) 2621 6060/61/62/63/64 • E-mail : abstron@bhansaliass.com • Website: www.bhansaliabs.com

	STATEMENT OF AUDITED CONSOLIDATED ASSETS AND LIABILITIESAS AT 31ST MARCH,2022
		in lakhs)
Sr.No.	Partlculars	As at 31st March2022	As at 31st March2021
	A Assets
	1) Non-Current Assets
	(a) Property, Plant and Equipment	14,452.27	14,075.48
	(b) Capital work in progress	-	-
	(c) Intangible assets	0.85	6.03
	(d) Financial assets
	(i) Non- current Investments	205.59	199.52
	(ii) Loans	4,200.00	2,452.47
	(iii) Other financial assets	-	-
	(e) Other non-current assets	392.31	469.45
	Total Non-Current Assets (A)	19,251.02	17,202.95
	2) Current Assets
	(a) Inventories	19,742.09	11 ,286.58
	(b) Financial assets
	(i) Trade Receivables	28,240.57	29,073.64
	(ii) Cash and cash equivalents	7,728.40	12,948.63
	(iii) Bank balances other than (ii) above	13,137.63	2,361.81
	(iv) Loans	21 ,702.22	3,938.16
	(v) Other Financial assets	415.43	12.09
	(c) Other current assets	602.06	894.99
	Total Current Assets (B)	91,568.40	60,515.90
	Total Assets (A)+ (B)	110,819.42	77,718.85
	B Equity & Liabilities
	1) Equity
	(a) Equity share capital	1,659.06	1,659.06
	(bl Other Equity	96,473.99	66,475.87
	Total Equity (A)	98,133.04	68,134.93
	2) Liablllties
	Non-Current Liabilities
	(a) Financial Liabilities	57.55	50.61
	(b) Provisions	100.25	375.12
	(c) Deferred tax liabilities (Net)	1,735.35	1,698.26
	Total Non-Current Liabilities (8)	1,893.15	2,123.99
	Current Liablllties
	(a) Financial Liabilities
	(i) Trade payables
	a) total outstanding dues of micro and small enterprises	143.24	-
	b) total outstanding dues of creditors other than micro	6,839.25	3,617.99
	and small enterprises
	(ii) Other Financial Liabilities	439.36	355.42
	(b) Other current liabilities	3,295.20	3,440.07
	(c) Provisions	35.45	46.45
	(d) Current tax liabilities (Net)	40.72	-
	~Total Current Liabilities (C)	10,793.22	7,459.93
	Total Equity and Liabilities (A)+ (B) +( C)
		110,819.42	77,718.85

b~ANSAli ENqiNEERiNq polyMERS liMiTEd

GIN: L27100MH1984PLC032637

Registered Office : 301 & 302, 3rd Floor, Peninsula Heights, C. D. Barfiwala Road, Andheri (West), Mumbai - 400 058. Tel. : (91-22) 2621 6060/61/62/63/64 • E-mail: abstron@bhansaliabs.com • Website : www.bhansaliabs.com

BHANSALI ENGINEERING POLYMERS LIMITED
Consolidated Statement of Cash Flow for the Year ended 31st March, 2022
		(~in lakhs)
Cash flows from operating activities
Profit before tax as per statement of profit and loss	47,208.64	44,597.65
Adjustments to reconcile profit before tax to net cash flows
Depreciation of property, plant and equipment	991.15	1,015.93
Amortisation of intangible Assets	5.18	2.73
Profit/(Loss) on Disposal/Write Off of Fixed Assets (Net)		7.47
Net (gain)/loss on sale of investments	(12.28)
Interest income	(1,520.64)	(565.99)
Finance costs		50.98
Unrealised exchange (gain) I losses	73:00	47.53
Operating profit before working capital changes	46,745.05	45,156.30
Movement in Working Capital:
Decrease I (increase) in Inventories	(8,455.51)	9,548.86
Decrease I (increase) in Trade and other receivables	833.07	(13,699.86)
Decrease I (increase) in other current financial assets	(403.34)	99.19
Decrease I (increase) In Other current assets	292.93	682.87
Decrease I (increase) in Other non current assets
Increase/ (Decrease) in Trade payable	58.59	6.85
increase I (Decrease) in Provision	3,291.50	(23,660.28)
Increase I (Decrease) in other current financial liabilities	(303.66)	(79.56)
Increase I (Decrease) in Other current liabilities	42.88	230.18
	(144.87)	3,226.83
Cash generated from/( used in) operations	41,956.64	21,511.38
Direct taxes paid, net of refunds	(~2,181.02)	(11,1 i7.52)
Net cash flow from/( used in) operating activities (A)	29,775.62	10,333.86
Cash flows from investing activities
Purchase of Property, plant and equipment including CWIP	(1,349.38)	5.12
Proceeds from sale of Property, plant and equipment		7.78
Fixed Deposits placed	(10,727.82)	(1,594.16)
Proceeds from Buyback of investments in JV	49.48
Loans Given	(28,775.00)	{5,329.41)
Loans Returned	9,163.41	4,272.33
Interest income	1,520.64	565.99
Net cash from/( used in) investing activities (B)	(30,018.67)	(2,072.35)
Cash flows from financing activities
Finance costs		(50.98)
Dividend paid on equity shares	(4,977.18)	(829.53)
Net cash from/( used in) financing activities (C)	(4,977.18)	(880.51)
Net increase I (decrease) in cash and cash equivalents (A+B+C)
	(5,220.23)	7,381.00
Cash and Cash equivalents at the beginning of year	12,948.63	5,567.63
Cash and Cash equivalents at the end of the year (refer Note 11)	7,728.40	12,948.63

Notes:

1. The above Cash Flow Statement has been prepared under the 'Indirect method' as set out in the Ind AS-7 on Statement of Cash Flow as notified under Companies (Accounts) Rules, 2015.

2.Previous year's figures have been regrouped and rearranged wherever necessary.

Abu Road Plant : Plot No. SP-138-143, Ambaj i Industrial Area, Abu Road, Dist. Sirohi (Rajasthan) - 307 026. Tel.: (02974) 226781/82/83/84 • E-mail : beplabr@bhansaliabs.com

® bHANsAli ENGiNEERiNG polyMERs liMiTEd

CIN : L27100MH1 984PLC032637

Registered Office : 301 & 302, 3rd Floor, Peninsula Heights, C. D. Barfiwala Road, Andheri (West), Mumbai - 400 058. Tel. : (91-22) 2621 6060/61 /62/63/64 •E-mail : abstron@bhansaliabs.com • Website: www.bhansaliabs.com

BEPL/SEC/2022/64

23rd April, 2022

To	To
The BSE Limited	The National Stock Exchange of India Ltd.
Corporate Relationship Department	Exchange Plaza, C-1, Block G,
Phiroze Jeejeebhoy Towers,	Bandra-Kurla Complex,
Dalal Street,	Bandra (E),
Mumbai -400 001	Mumbai -400 051.
Security Code: 500052	Security Code: BEPL

Sub: Declaration of un-modified opinion with the Audit Report on Financial Results (Standalone and Consolidated) for the quarter and financial year ended 31st March, 2022.

Dear Sir,

Pursuant to Regulation 33(3)(d) of th e SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, I hereby confirm that the Statutory Auditors of the Company M/ s. Azad Jain & Co. , Chartered Accountants, Mumbai (FRN - 006251 C) has issued Audit Report with unmodified opinion in respect of Financial Results for the quarter and financial year ended 31st March, 2022.

Kindly take the same on record.

Thanking you,

Yours faith fully, For Bhansali Engineering Polymers Limited

?1

Jayesh B. Bhansali Executive Director cum CFO (DIN 01062853)

bHANsAli ENGiNEERiNq polyMERs liMi1Ed

CIN: L27100MH1984PLC032637

Registered Office : 301 & 302, 3rd Floor, Peninsula Heights, C. D. Barfiwala Road, Andheri (West), Mumbai - 400 058. Tel.: (91-22) 2621 6060/61/62/63/64 •E-mail: abstron@bhansaliabs.com • Website: www.bhansaliabs.com

Details as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9 th September, 2015:

$$ \text{SAP} \times \text{HRSO} \times \text{A} $$

CIN : L271OOMH1 984PLC032637

Registered Office : 301 & 302, 3rd Floor, Peninsula Heights, C. D. Barfiwala Road, Andheri (West), Mumbai - 400 058. Tel.: (91 -22) 2621 6060/61 /62/63/64 •E-mail: abstron@bhansaliabs.com • Website : www.bhansaliabs.com

		Techno-Commercial Analytical Strength andEngineering Background (Mechanical) alongBusiness Managementwith aDiploma mandhavingextensiveexperiencewidemdifferent verticals involving Corporate Affairs,Financial Planning, Operations Management(Petrochemicals, Information Technology andSteel Sector), Human Resource Management,Supply ChainManagement,andMaterialsLogistic Management, Project Management,RiskManagement &Risk Mitigation.Mr.Bhansali hasKiranexpenenceHiralalmInternationalBusinessDomestic&Development and has travelled to more than25 Countries and exported goods to morethan 70 Countries, He had participated inExhibitions IandInternationalConferencesand was actively involved and played a lead 'role in mySAP ERP Implementation in varioussectors from 4.0 version to mySAP, ISO 9001,1400118001ISO,OHSAS,KAIZEN,Implementation,KANSAN,S'sOverallEquipment Efficiency & many more Quality
		Systems and Design meeting InternationalStandards like ASTM, JIS, DIN AFNOR, BIS,ASME etc.
4	ure of relationshipsDisclos	Mr. Kiran Hiralal Bhansali is Nephew of Mr.
	d ir e ctors (ib e tweencasen	Bhansaliand(ManagingDirector)B.M.
	f appointment of ao	Cousin of Mr. Jayesh 8. Bhansali (Executive
	director).	Director Cum CFO).