Black Rose Industries Ltd — Interim / Quarterly Report 2024

Jul 31, 2024

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July 31, 2024

BSE Limited Corporate Relationship Department, P.J.Tower, Dalal Street, Mumbai - 400001.

Scrip Code: 514183 ISIN: INE761G01016

Dear Sir,

Sub: Outcome of Board Meeting of Black Rose Industries Limited held on July 31, 2024.

Ref: Regulation 30, 33 and 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”)

This is to inform you that the Board of Directors of the Company at its meeting held today i.e., July 31, 2024 inter-alia considered and approved the following items of business:

1. Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) considered and approved the Standalone and Consolidated Unaudited Financial Results for the quarter ended June 30, 2024.

2. A copy of the results and Limited Review Reports thereon issued by the Statutory Auditors of the Company are enclosed herewith.

3. Decelaration of payment of Special Interim Dividend of Rs. 2/- (Rupees Two Only) per equity share (i.e. @ 200 % on the paid-up share capital) for the Financial Year 2024-25. Pursuant to the Regulation 42 of SEBI Listing Regulations, it is hereby informed that the Company has fixed Friday, August 09, 2024 as ‘Record Date’ for the purpose of determining entitlement of the members of the Company to receive the Special Interim Dividend for the Financial Year 2024-25.

4. The Notice of 34[th] Annual General Meeting (“AGM”) of the Company to be held on Monday, September 23, 2024 at 2.00 p.m. (IST) through Video Conferencing (“VC”)/ Other Audio Visual Means (“OAVM”) in accordance with the applicable circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India.

The Meeting of the Board of Directors commenced at 11:30 a.m. and concluded at 4.55 p.m.

The above information will also be made available on the Company’s Website www.blackrosechemicals.com

You are requested to take the aforementioned information on your records.

Thanking You. Yours faithfully,

For Black Rose Industries Limited

Digitally signed by ANKIT KUMAR ANKIT KUMAR JAIN JAIN Date: 2024.07.31 16:58:41 +05'30'

Ankit Kumar Jain Company Secretary & Compliance Officer

Black Rose Industries Ltd.

145/A, Mittal Towers, Nariman Point, Mumbai - 400 021, INDIA Tel.: +91 22 4333 7200 / 2282 4075 l Fax: +91 22 2287 3022

E-mail: investor@blackrosechemicals.com l Website: www.blackrosechemicals.com

CIN No.: L17120MH1990PLC054828

Factory : Shree Laxmi Co-op. Industrial Estate Ltd., Hatkanangle, Dist. Kolhapur, Maharashtra, INDIA

M M NISSIM & cO LLP CHARTERED ACCOUNTANTS

Regd. Office : Barodawala Mansion, B-Wing,[3rd] Floor, 81,[Dr.] Annie Besant Road, Worli, Mumbai[-] 400 018. Tel. 1 +91 22 2496 9900 Fax 1 +9122 2496 9995 LLPIN © AAT - 7548 Website © www.mmnissim.com

Independent[Auditors’] Limited Review Report on the Unaudited Standalone Financial Results of the Company for the quarter ended[30t] June,[2024,][ Pursuant] to[the][Regulation][33][of] the SEBI (Listing Obligations[and][Disclosure] Requirements) Regulations,[2015,][as][amended.]

Review Report to

The Board of Directors of Black Rose Industries Limited

1. We have reviewed the accompanying Statement[of][Unaudited][Standalone][Financial] Results of Black Rose Industries Limited (the 'Company')[for the] quarter[ended][30th][ June] 2024, being submitted by[the] Company pursuantto[the] requirement[of][Regulation][33][of] the SEBI (Listing Obligations[and][Disclosure][Requirements)][Regulations,] 2015 (‘the Regulation’) as[amended] (the "Listing[Regulations").]

2. This Statement which is the responsibility[of] the Company's Management[and] approved by[the] Company's[Board][of][Directors,][has][been][prepared][in][accordance][with][the] recognition[and][measurement][principles][laid][down][in][the][IND][AS][34][Interim][Financial] Reporting, prescribed[under][Section][133][of][the][Companies][Act,][2013][read][with][relevant] rules issued there under and other accounting principles generally accepted[in India.][Our] responsibility[is][to][issue] a report on[the][financial][statements][based][on][our][review.]

3. We conducted our review[of] the Statement in[accordance][with][the][Standard] on[Review] Engagement (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][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. Other Matter Attention drawn to the fact that the figures[for the][three][months][ended][March][ 31,][2024][as] reported in[the][Statement] are balancing figures[between][audited][figures][in][respect][of][ full] previous financial year[2023-24][and][published] year[to][date][figures] up[to][the][third][quarter] of the financial 2023-24. year

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M M NISSIM & COLLP CHARTERED ACCOUNTANTS

Continuation Sheet........

1. Based on our review[conducted] as[above,] 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 Regulation, including[the][manner][in][which][it][is][to][be][disclosed,][or][that][it] contains material misstatement. any

For M M Nissim[&][CO][LLP] Chartered Accountants

Firm Registration No.[107122W/W100672]

N Kashinath Partner Membership[No.][036490] UDIN- 4403649 0RRG[TTV] 533

Mumbai, July 31,[2024]

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BLACK ROSE INDUSTRIES LIMITED

145/A, Mittal Towers, Nariman Point, Mumbai - 400021

Tel: +91 22 4333 7200 Fax : +91 22 2287 3022

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B LACK ROS E
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E-mail : investor@blackrosechemicals.com Website: www.blackrosechemicals.com CIN : L17120MH1990PLC054828

Figures in Lakhs except EPS

STATEMENT OF STANDALONE UNAUDITED RESULTS FOR THE QUARTER ENDED JUNE 30, 2024

TAT	EMENT OF STANDALONE UNAUDITED R	ESULTS FOR THE QUARTER ENDED JUNE	30, 2024
				QUARTER	ENDED		YEAR ENDED
No.	PARTICULARS		30-06-2024	31-03-2024		30-06-2023	31-03-2024
			(UNAUDITED)	(AUDITED)		(UNAUDITED)	(AUDITED)
1		2	3	4		5	6
1		Revenue from operations		7,417.56		8,292.53	6,886.75
2	Other Income		100.73		116.61	61.40	389.87
3		Total Revenue (1+2)		7,518.29		8,409.14	6,948.15
4		Expenditure
a)		Cost of materials consumed		1,157.89		1,659.52	1,229.88
b)	¢)		Purchase of stock-in-trade Changesin Inventories offinished goods, work-in-progress and traded goods		3,740.75 1,000.53		5,767.62 (860.53)
d)		Employee benefits expense		158.38		174.14	196.79
e)		Finance costs		6.67		43.62	18.53
f)		Depreciation and amortisation expense		77.93		74.70	75.72
g)		Other expenses		744.12		939.90	616.11
	Total Expenses		6,886.27		7,698.97	6,428.27	25,758.20
5		Profit/(Loss) before exceptional items and tax (3-4)		632.02		710.17	519.88
6	[Exceptional items		-		-	-	-
7		Profit/(Loss) before Tax (5-6)		632.02		710.17	519.88
8		Tax Expense
	Income Tax (including earlier year adjustments)		148.56		170.18	131.00	684.49
	Deferred Tax		15.29		12.23	(0.61)	21.58
9		Net Profit/(Loss) from ordinary activities	after tax (7- 8)	468.17		527.76	389.49
10		Other Comprehensive Income:
())		temsthat will not be reclassified to profit	orloss (net ofTax)	5.09		5.90	5.76
(ii)		Items that will be reclassified to profit or loss (net of Tax)		-		-	-
11		Total Comprehensive Income (9+10)		473.27		533.66	395.25
12		Paid-up equity share capital (F. V. X 1/- per	share)	510.00		510.00	510.00
13	Reserves excluding Revaluation Reserves as per balance sheet of previous accounting year						13,447.05
14		Earning per share (of1/- each) (Not annualised)
	a) Basic		0.92		1.03	0.76	4.01
	b) Diluted		0.92		1.03	0.76	4.01

Notes:

q

The above financial results are drawn in accordance with the accounting policies consistently followed by the Company. The result have been reviewed by the Audit Committee]

and approved by the Board of Director at their meeting held on 31st July, 2024. These results have been reviewed by the Statutory Auditors as required under Regulation 33 o the SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015.

2 This statement has been prepared in accordance with Companies (Indian Accounting Standards) Rules, 2015 (Ind AS), prescribed under section 133 of the Companies Act, 2013 and other recognised accounting practices and policiesto the extent applicable.

3 During the quarter the Board of Directors has declared a Special

During quarter the Board of Directors has declared a Special Interim Dividend of 2. 2.00 per equity share (i.e. @ 200% of Paid Up Equity Share Capital) and 9th August, 2024 has been fixed as Record Date for payment of Interim Dividend.

4 The figures for the quarter ended March

third quarter of the Financial Year.

31, 2024 are the balancing figures between the audited figuresin respectofthe full financial year and the year-to-date figures upto the

5 The Company's business activity falls within a single primary business segment viz. "Chemicals". 'Operating Segments’.

Hence, there are no separate reportable segments as per Ind AS 108

Figures[of] the corresponding previous period have been regrouped wherever necessary.

6

Place: Mumbai Date: July 31, 2024

For and on behalf of the Board of Directors of Black Rose Industries Limited Ambarish Daga Whole-Time Director DIN: 07125212

M M NISSIM & cO LLP CHARTERED ACCOUNTANTS

Regd. Office : Barodawala Mansion, B-Wing, 3rd Floor, 81,[Dr.] Annie Besant Road, Worli, Mumbai - 400 018. Tel. : +91 22 2496 9900 Fax +91[22][2496][9995] LLPIN © AAT - 7548 Website © www.mmnissim.com

Independent[Auditors’][Limited][Review][Report][on][the][Unaudited][Consolidated][Financial] Results of the Company for the Quarter[ended] 30t June,[2024,][Pursuant][to][the][Regulation][33] of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, for the quarter ended June[30,][2024]

Review Report to The Board of Directors of Black Rose Industries Limited

1. ResultsWe haveof reviewedBlack RosetheIndustriesaccompanyingLimitedStatement(the ' Holding[of][Unaudited] Company")[Consolidated] and its subsidiary[Financial] (“the Holding Company[and][its] Subsidiary[together][referred][to][as][the][‘Group’)][for][the] quarter[ended][30th][June][2024][(“Statement”),][being][submitted][by][the][Holding][Company] pursuant[to][the] requirement[of][Regulation][33][of][the][SEBI][(Listing][Obligations][and] Disclosure Requirements) Regulations,[2015] (‘the Regulation’) as[amended][(the]["Listing] Regulations").

2. This Statement which is the responsibility[of][the] Holding Company's Management[and] approved by[the] Holding Company's[Board][of][ Directors, has been][prepared][in accordance] with the recognition and measurement principles[laid][down][in][the][IND][AS][34][Interim] Financial Reporting’, prescribed under[Section][133][of][the] Companies[Act,][2013][read][with] relevant rules issued there under and other accounting principles generally accepted[in] India. Our responsibility is to issue a report on[the][financial][statements][based] on our review.

3. We conducted our review of the Statement in[accordance][with][the][Standard] on[Review] Engagement (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 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]

4. CIR/CFD/CMD1/44/2019[issued] by[the][Securities][and] Exchange[Board][of][India][under]

5. Regulation[33(8)][of][the] Listing[regulations,] to[the][extent][applicable.]

6. The Statement includes the results[of] the following Subsidiary Company: i) B.R. Chemicals Co. Limited (Japan) - Wholly Owned Foreign Subsidiary;

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M M NISSIM & COLLP CHARTERED ACCOUNTANTS

Continuation Sheet........

5. Other Matter

• a) The Statement includes unaudited interim financial results and other unaudited financial information of a wholly owned subsidiary, whose financial results and other financial information reflect total revenue of Rs. 2,412.39 lakhs for the quarter ended 30% June, 2024 and total net profit after tax and total comprehensive income of Rs. 3.82 lakhs for the quarter ended 30 June, 2024, which has been reviewed byother auditor.

• b) Attention drawn to the fact that the figures for the three months ended March 31, 2024 as reported in the Statement are balancing figures between audited figures in respect of full previous financial year 2023-24 and published year to date figures up to the third quarter of the financial year 2023-24.

Our opinion is not modified in respect of these matters.

1. Based on our review conducted as above, 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 Regulation, including the manner in which it is to be disclosed, or that it contains material misstatement. any

For M M Nissim & CO LLP Chartered Accountants

Firm Registration No. 107122W/W100672

TNS FY, N Kashinath Partner pe Membership[No.] 036490 UDIN - 34034h10 8Ke[TTO] AI[©] ACES 5

Mumbai, July 31, 2024

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BLACK ROSE INDUSTRIES LIMITED

145/A, Mittal Towers, Nariman Point, Mumbai - 400021 Tel: +91 22 4333 7200 Fax : +91 22 2287 3022

B LAC K ROS[BE]

E-mail : investor@blackrosechemicals.com Website: www.blackrosechemicals.com CIN : L17120MH1990PLC054828

Figures[¥][in] Lakhs except EPS

STATEMENT OF CONSOLIDATED UNAUDITED RESULTS FOR THE QUARTER ENDED JUNE 30, 2024

					QUARTER ENDED		YEAR ENDED
NO.		PARTICULARS		30-06-2024	31-03-2024	30-06-2023	31-03-2024
				(UNAUDITED)	(AUDITED)	(UNAUDITED)	(AUDITED)
1			2	3	4	5	6
1	[Revenue from operations			9,826.89	11,535.64	8,761.87	38,041.67
2		Other Income			103.79	166.77	74.37
3		Total Revenue (1+2)			9,930.68	11,702.41	8,836.24
4		Expenditure
a)		Cost of materials consumed			1,157.89	1,559.52	1,229.88
b)		Purchase of stock-in-trade			6,122.34	8,971.44	5,900.84
0	coe in Inventories offinished goods, work-in-progress and traded			1,000.53	(860.53)	236.40	(385.54)
d)		Employee benefits expense			162.49	178.47	201.36
e)		Finance costs			7.24	44.25	18.53
f)]	Depreciation and amortisation expense			77.94	74.70	75.72	300.65
g)		Other expenses			764.78	970.22	631.06
	Total Expenses			9,293.21	10,938.08	8,293.79	35,646.31
5		Profit/(Loss) before exceptional items and tax (3-4)			637.47	764.33	542.45
6		Exceptional items			-	-	-
7		Profit/(Loss) before Tax (5-6)			637.47	764.33	542.45
8		Tax Expense
	Income Tax (including earlier	year adjustments)		150.19	182.53	137.77	713.37
	Deffered Tax			15.29	12.23	(0.61)	21.58
9	[Net Profit/(Loss) from ordinary activities after tax (7- 8)			471.99	569.57	405.29	2,122.87
10	[Other Comprehensive Income:
(i)	Items that will not be reclassified to profit or loss (net of Tax)			5.09	5.90	5.76	11.65
(ii)		Items that will be reclassified	to profit or loss (net of Tax)		(32.75)	(35.23)	(44.19)
11	[Total Comprehensive Income	(9+10)		444.33	540.24	366.85	2,074.04
12		Paid-up equity share capital (F.	V. 1/- per share)		510.00	510.00	510.00
13	Reserves excluding Revaluation Reserves as per balance sheet of previous accounting year						13,997.00
14		Earning per share (of¥ 1/- each) (Not		annualised)
	a) Basic			0.93	1.12	0.79	4.16
	b) Diluted			0.93	1.12	0.79	4.16

Notes:

1 The above financial results are drawn in accordance with the accounting policies consistently[followed] by the Company.The result have been reviewed by the Audit] Committee and approved by the Board of Director at their meeting held on 31st July, 2024. These results have been reviewed by the Statutory Auditors as required under Regulation 33 of the[SEBI] (Listing Obligation and Disclosure Requirement) Regulations, 2015.

2 This statement has been prepared in accordance with Companies

(Indian Accounting Standards) Rules, 2015 (Ind AS), prescribed under section 133 of the Companies Act,

2013 and other recognised accounting practices and policiesto the extent applicable.

3 During the quarter the Board of Directors has declared a Special

Dividend of Z. 2.00 per equity share (i.e. @ 200% of Paid Up Equity Share Capital) and 9th August,

Interim

2024 has been fixed as Record Date for payment of Interim

Dividend.

The figures for the quarter ended March 31, 2024 are the balancing figures between the audited figures in respect of the full financial year and the year-to-date figures upto the third quarter of the Financial Year.

4

Consolidated Financial Results include Limited Reviewed Financial Results of B.R.Chemicals Co. Ltd., Japan, a Wholly Owned Subsidiary.

5

6 Figures of the corresponding previous period have been regrouped wherever necessary.

Place: Mumbai Date: July 31, 2024

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For and on behalf of the Board of Directors
of Black Rose Industries Limite
Ambarish Daga
Whole-Time Director
DIN : 07125212
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