Bigbloc Construction Limited — Interim / Quarterly Report 2021

Aug 7, 2020

5 BIGBLOC CONSTRUCTION LIMITED Se

CIN NO. : L45200GJ2015PLC083577 MEMBER

Regd. Off. : 601-B, 'A' Wing, International Trade Centre, Majura Gate, Ring Road, Surat-395 002. ® BI BLO = (Ph.) : +91-261-2463261, 2463262, 2463263, 3234330 (F) : +91-261-2463264 N XTB LOC CONSTRUC (E): contact@nxtbloc.in Visit us : www.nxtbloc.in Autoclaved Aerated Concrete Blocks

Date: 07/08/2020

To,	To,
Department of Corporate Service,	Listing Department,
Bombay Stock Exchange Limited,	National Stock Exchange of India Limited,
18 Floor, Phiroze Jeejeebhoy Towers,	Exchange Plaza, C-1, BLOCK G,
Dalal Street,	Bandra-Kurla Complex, Bandra (E)
Mumbai-400001	Mumbai- 400051
REF: Script Code 540061	Symbol: BIGBLOC
ISIN : INE412U01017	ISIN : INE412U01017

Sub: f the Board Meeting of Bigbloc Construction Limited held on 7' August, 2020.

Ref: Regulation 30 (read with Schedule III Part A), Regulation 33_and other applicable rovisions of th isti igati isclosure Requiremen Regulation: 2015.

Dear Sir,

This is to inform you that the Board of Directors of the Company, in its meeting held on Friday, the 7 August, 2020, has:

1. considered and approved the Unaudited Standalone and Consolidated Financial Results along with Limited Review Report thereon for the First Quarter ended on 30" June, 2020;

2. Appointed Ms. Samiksha Nandwani, as an Additional Director (DIN: 08815491) of the Company in the capacity of Independence w.e.f. 07/08/2020;

3. Accepted Resignation of Ms. Payal Loya (DIN: 07482861) from the post of Directorship & Committee Membership of the Company w.e.f. 07/08/2020;

4. Reconstituted Nomination & Remuneration Committee Pursuant to The Provisions Of Companies Act, 2013 & Regulation 19 of The SEBI (LODR) Regulations, 2015;

5. Considered and Approved the appointment of Mrs. Anjana Parwal as an internal auditor of the Company for the F.Y. 2020-2021;

6. Considered and approved the appointment of Mr. Dhiren Dave as a Secretarial Auditor of the Company for the F.Y, 2020-2021;

7, Re-appointed M/s. RKM & Co., Chartered Accountants (Firm Registration No. 108553W), as Statutory Auditors of The Company;

1. Fixed the Book Closure date from Saturday, 12 September, 2020 to Friday, 18" September, 2020 (Both Days Inclusive) for the purpose of 5" Annual General Meeting;

2. Fixed the 5? Annual general Meeting to call & convene on Friday, 18" September, 2020 at the Registered Office of the Company at 6" Floor, A-601/B, International Trade Centre, Majura Gate, Ring Road, Surat — 395002, Gujarat at 3.00 P.M.;

The meeting of the Board of Directors of the Company commenced at 03:00 P.M. and concluded at £00 P.M,

Kindly take the same on your record & oblige.

Thanking You Yours Faithfully, FOR AND ON BEHALF OF BIGBLOC CONSTRUCTION LIMITED

Coe, Ves aalun.

(Shyam Kapadia) Company Secretary & Compliance Officer ACS - 55158

BIGBLOC CONSTRUCTION LIMITED

CIN: L45200GJ2015PLC083577 Regd. Office: A/601-B, International Trade Centre, Majura Gate, Ring Road, Surat 395002, Gujarat, India Ph: 0261-2463261/62/63 Fax: 0261-2463264 Email : bigblockconstructionltd@gmail.com

	Regd. Office: A/601-B, International Trade Centre, Majura Gate, Ring Road, Surat 395002, Gujarat, India	BIGBLOC CONSTRUCTION LIMITEDCIN: L45200GJ2015PLC083577
	Ph: 0261-2463261/62/63 Fax: 0261-2463264 Email : bigblockconstructionltd@gmail.comStatement of Unaudited Standalone Financial Result for the Quarter ended on 30th June, 2020		Quarter Ended		(@ in Lakhs)
	Particulars				Year Ended
			30.06.2020 31.03.2020 30.06.2019		[31.03.2020
	INCOME			(Unaudited) [ (Audited) (Unaudited) (Audited)
	{__ Revenue From Operations	240.15)	1857.05)	2128.68	8082.39)
ll	il_]Other IncomeTotal Income (I+Il)	19.86)	57.44	16.34)	94.71
IV	EXPENSES	260.01	1914.49)	2145.02,	8177.10}
	Cost of materials consumed	92.51	693.12	693.93	2998.57
	Purchases of Stock-in-TradeChanges in inventories of finished goods,	46.06}	108.20	211.79)	678.80)
	Stock-in-Trade and work-in-progress	18.58	(45.68)	74.19	(38.54)
	Employee benefits expense	75.53}	234.54)	209.39)	891.06]
	Finance costs	68.97	80.41	75.02)	287.95]
	Depreciation and amortization expenseOther expenses	91.24]	79.44)	91.48	367.73)
	Total expenses (IV)	115.85)508.74,	729.711879.72	769.312125.14	2923.868099.44)
V	Profit(loss) before exceptional items and tax	(248.73)	34.77	19.91	77.66
Vi_	(Ill-lV)[Exceptional tems
Vil	Profit/(loss) before tax (V-VI)	S(248.73)	=34.77	2	=
	Tax expense:			19.94	77.66
	VIIL}(1) Current tax(2) Deferred tax	=	20.61	8.15	40.36
IX	Profit/ (loss) for the period from continuing	(4.36)(244.38);	4.7212.43	(2.62)14.37	(33.85)
	loperations (VII-VIII				71.15)
XI	X_ Profit/(loss) from discontinued operations{Tax expense of discontinued operations	=	3	=	=
XII	[Profit/(loss) from discontinued operations	aA	=	2
	(after tax) (X-XI)		5	=	=
XIll	Profit/(loss) for the period (IX+XIl)XIV [Other Comprehensive Income	(244.38)	12.43	14.37,	71.15)
	A (/) Items that will not be reclassified toprofit or loss		e	™	=
	(i) Income tax relating to items that will notbe reclassified to profit or loss.	=	*	=	#
	Items that will be reclassified to profit orB (i)
	loss	=	=	=	=
	(ii) Income tax relating to items that will beTeclassified to profit or loss	=	=	-	-
	XV Total Comprehensive Income for the period(XIl+XIV) (Comprising Profit/ (loss) andOther Comprehensive Income for the period)	(244.38)	12.43	14.37)	71.15
	XVI Earnings per equity share (for continuingoperation):
	(1) Basic	(1.73)	0.09
	(2) Diluted	(1.73)	0.09	0.10)0.10)	0.50]0.50
	XVII] Earnings per equity share (for discontinuedoperation):
	(1) Basic
	(2) Diluted	-2	-é	-a	-
	XVII[Earnings per equity share (for discontinued &continuing operations)				s
	(1) Basic	(1.73)	0.09
	(2) Diluted	(1.73)	0.09	0.100.10)	0.50)0.50)

NOTES:-

• 1 The above Unaudited Standalone Financial Results for the Quarter ended 30th June, 2020 were reviewed by the Audit Committee and thereafter approved at the meeting of the Board of Directors of the Company held on 7th August, 2020.
• 2The Operations of the Company were affected due to lockdown from 23rd March, 2020 to 21st May, 2020. The plant started operation from 22nd May, 2020 and worked at 10% capacity during the first quarter,
• 3 Since July, the Company is working at 30% capacity.
• 4The Company has only one segment (AAC Block), therefore segment reporting is not applicable.
• 5Figures of previous periods have been regrouped/ reclassified wherever necessary to facilitate comparison.

Place: Surat Date: 07.08.2020

FOR BIGBLOC CONSTRUCTION LIMITED

N roel, Gee.

Naresh Saboo Managing Director

Chartered Accountants RKM & CO. C1

INDEPENDENT AUDITOR'S LIMITED REVIEW REPORT

To, Board of Directors of BIGBLOC CONSTRUCTION LIMITED

• Li We have reviewed the unaudited financial results of BIGBLOC CONSTRUCTION LIMITED ('the Company') for the quarter ended June 30, 2020, which are included in the accompanying 'Unaudited Standalone Financial Results for the Quarter Ended June 30, 2020' (the Statement"). The Statement has been prepared by the Company pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the "Listing Regulations, 2015"), which has been initialed by us for identification purposes.
• . This Statement, which is the responsibility of the Company's Management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act. 2013, and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
• 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 financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
• Based on information provided to us by the management, the company has not provided for Post-Employment Benefits and other long term employee benefits under Defined Benefit Plans on accrual basis but provides the same as and when they become due for payment. This method of accounting of Post-Employment Benefits and other long term employee

RKM & CO.

Chartered Accountants

benefits under Defined Benefit Plans is in deviation with Ind AS — 19 on Employee Benefits. As there is no actuarial report or basis of calculation available with the management of such Post-Employment Benefits and other long term employee benefits, the quantum of deviation cannot be ascertained. If the company had followed the method accounting as per Ind AS — 19, then employee benefit expense would have increased and correspondingly Profit for the period would have reduced.

an Based on our review of the Statement conducted as above, with the exception of the matter described in the preceding paragraph no. 4, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results prepared in accordance with applicable accounting standards and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement.

For RKM & CO, Chartered Accountants May ish R. Malpani) Partner

Membership No. 121031

UDIN: 20121031AAAAED2108

Surat, 07" August, 2020

BIGBLOC CONSTRUCTION LIMITED

Statement of Unaudited Consolidated Financial Result for the Quarter ended on 30th June, 2020

		BIGBLOC CONSTRUCTION LIMITEDCIN: L45200GJ2015PLC083577
	Regd. Office: A/601-B, International Trade Centre, Majura Gate, Ring Road, Surat 395002, Gujarat, IndiaPh: 0261-2463261/62/63 Fax: 0261-2463264 Email : bigblockconstructionitd@gmail.com
	Statement of Unaudited Consolidated Financial Result for the Quarter ended on 30th June, 2020
				(Zin Lakhs)Year Ended
	Particulars	30.06.2020	31.03.2020	30.06.2019	31.03.2020
	INCOME	(Unaudited)	(Audited)	(Unaudited)	(Audited)
	{_ Revenue From Operations[Other income.	680.812.82!	2969.78)(5.13)	2962.32]16.84)	11879.2232.70
ii_i\V	Total income (I+I1) EXPENSES	683.63}	2964.65)	2979.16)	11911.92
	Cost of materials consumedPurchases of Stock-in-Trade	274.2642.11	1143.72]68.56}	1079.3473.02	4730.17,
	Changes in inventories of finished goods, Stock-in-'Trade and work-in-progress	15.60	(59.47)	78.76	278.87](63.93)
	Employee benefits expenseFinance costs	424.214110.65]	343.37118.82	293.66113.85	1274.68 443.64
	[Depreciation and amortization expense	125.18]	111.69)1198.56)	120.23}
					477.08}
	Other expensesTotal expenses (IV)	299.85}961.87]	2925.25}	4191,67 2950.52	4625.9111766.38}
V	Profit/(loss) before exceptional items and tax (III-IV)	(278.23)	39.40	28.63	145.54
ViVil	[Exceptional tems Profit/(loss) before tax (V-VI)	(278.23)	39.40	28.63	145.54
	ax expense:'Vill }(1) Current tax	-	20.61	8.15	40.36
IX	(2) Deferred tax Profit/ (loss) for the period from continuing	(4.36)(273.88)	(105.16)123.95	(2.62)23.10	(140.73)245.90
	operations (VII-VIIl)X_ Profit/(loss) from discontinued operations.	=	=	=:	=
X!XII	[Tax expense of discontinued operations Profit(loss) from discontinued operations (after tax)	E-	=-	=-	E-
	(XI)XiIL Profit((loss) for the period (IX+XII)	(273.88)	123.95	23.10	245.90
	XiV]Other Comprehensive IncomeA (/) Items that will not be reciassified to profit or	-	-	-
	loss(i) Income tax relating to items that will not be	-	-	-	-
	reclassified to profit or lossB (i) Items that will be reclassified to profit or loss.	-	-	-	-
	(ti) income tax relating to items that will be	-	-	~	*
	reclassified to profit or lossXY Total Comprehensive Income for the period	(273.88)	123.95	23.10	245.90
	(XIlI+XIV) (Comprising Profit/ (loss) and OtherComprehensive Income for the period)
	Earnings per equity share (for confinuingloperation)
	(1) Basic(2) Diluted	(4.93)(1.93)	0.880.88	0.160.46
	XVII] Earnings per equity share (for discontinuedoperation):
	(1) Basic(2) Dituted	-=	-:	=-	:-
XVI	XVii Earnings per equity share (for discontinued & continuing operations)(1) Basic		0.88	0.16

NOTES:-

• 1 The above Unaudited Consolidated Financial Results for the Quarter ended 30th June, 2020 were reviewed by the Audit Committee and thereafter approved at the meeting of the Board of Directors of the Company held on 7th August, 2020.
• 2The above Financial results include the results of the Wholly owned Subsidiary Starbigbloc Building Material Private Limited (Formerly Hilltop Concrete Private Limited).
• 3The Operations of the Company were affected due to lockdown from 23rd March, 2020 to 21st May, 2020. The plant started operation from 22nd May, 2020. The Holding Company worked at 10% capacity during the first quarter. The Subsidiary worked at 40% capacity.
• 4Since July, the Holding Company is working at 30% capacity, whereas the Subsidiary is working at 100% capacity.
• 5 The Company has only one segment (AAC Block), therefore segment reporting is not applicable.
• 6Figures of previous periods have been regrouped/ reclassified wherever necessary to facilitate comparison.

Place: Surat Date: 07.08.2020

FOR BIGBLOC CONSTRUCTION LIMITED

Shae, 6h. Naresh Saboo Managing Director

RKM & CO. Chartered Accountants

INDEPENDENT AUDITOR'S LIMITED REVIEW REPORT

To, Board of Directors of BIGBLOC CONSTRUCTION LIMITED

• IIs We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results ('the Statement') of BIGBLOC CONSTRUCTION LIMITED ('the Company') and its subsidiary (the Parent and its subsidiary together referred to as "the Group") for the quarter ended June 30, 2020, being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. 2015, as amended, which has been initialed by us for identification purposes.
• This Statement, which is the responsibility of the Company's Management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act. 2013. and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
• . 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 issued by the SEBI under Regulation 33(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.

"401, Trividh Chambers, Ring Road, Surat - 395002 (T) :- (0261) 2322411, 2326578 (E) :- rkmincometax@gmail.com

• 1. This statement includes the results of the following entity:
  • e Starbigbloc Building Material Private Limited (Subsidiary)
• 1. Based on information provided to us by the management, the company has not provided for Post-Employment Benefits and other long term employee benefits under Defined Benefit Plans on accrual basis but provides the same as and when they become due for payment. This method of accounting of Post-Employment Benefits and other long term employee benefits under Defined Benefit Plans is in deviation with Ind AS — 19 on Employee Benefits. As there is no actuarial report or basis of calculation available with the management of such Post-Employment Benefits and other long term employee benefits, the quantum of deviation cannot be ascertained. If the company had followed the method accounting as per Ind AS — 19, then employee benefit expense would have increased and correspondingly Profit for the period would have reduced.
• 1. Based on our review of the Statement conducted as above, with the exception of the matter described in the preceding paragraph no. 5, nothing has come to our attention that causes us to believe that the Statement has not been prepared in all material respects in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India and has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations. 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement.

For RKM & CO. Chartered Accountants Firm Registration No.; 108553W Lm) Molpean: (Manish R. Malpani) Partner Membership No. 121031 UDIN: 20121031AAAAEE6422 we CAG

Surat, 07" August, 2020