Borosil Limited CIN : L36100MH2010PLC292722 Registered & Corporate Office : 1101, Crescenzo, G-Siock. Opp. MCA Club, Sandra Kurla Complex, Sandra (E), Mumbai - 400 051, India. T +91 22 6740 6300 F +91 22 6740 6514 E [email protected]

November 12, 2021

The DCS- CRD	National Stock Exchange of India Ltd
BSE Limited	Exchange Plaza, C-1, Block G,
Corporate Relationship Department	Bandra Kurla Complex,
1st Floor, New Trading Ring,	Bandra (East),
Rotunda Building, P. J. Towers,	Mumbai - 400 051
Dalal Street, Mumbai - 400 001

Dear Sir/Madam,

Subject: Outcome of the Board Meeting held on November 12, 2021.

Scrip Code: 543212 Symbol: BOROLTD Series: EQ ISIN: INE02PY01013

This is to intimate that the Board of Directors of the Company at its meeting held today, i.e. November 12, 2021, inter alia have considered and approved the following:

1. Unaudited Standalone and Consolidated Financial Results and Segment Reporting of the Company for the quarter and half year ended September 30, 2021 along with Extract of Results to be published in newspaper (copy enclosed);
1. Limited Review Report on the aforesaid Results from the auditors of the Company placed before the Board of Directors of the Company (copy enclosed);

The aforesaid meeting of the Board of Directors commenced at 3:15 pm and concluded at o~:1o p.m.

This is for your information and records.

Yours faithfully,

For Borosil Limited

~~ Sultania

Anand Chief Financial Officer

Encl: As above

CIN: L36100MH2010PLC292722 Regd. Office: 1101, Crescenzo, G-Biock, Opp. MCA Club, Sandra Kurla Complex, Sandra (East), Mumbai 400 051 Tei.No.(022) 67406300 Fax No.(022) 67406514 Website: www.borosil.com Email: [email protected]

UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2021


S. No. Particulars		Quarter ended			Half Year ended	Year ended
					(30/09/2021) (30/06/2021) {30/09/2020) {30/09/2021) {30/09/2020) (31/03/2021)
	Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
I. Income:
Revenue From Operations	19,917.55	11,614.51	12,644.95	31,532.06	16,881.83	52,722.94
Other Income	396.13	780.32	229.95	1 176.45	527.41	1 638.43
Total Income (I)	20,313.68	12,394.83	12,874,90	32,708.51	17,409.24	54,361.37
II. Expenses:
Cost of Materials Consumed	1,846.43	1,479.01	1,363.65	3,325.44	1,585.07	5,139.10
Purchases of Stock-in-Trade	7,000.74	4,498.19	4,046.23	11,498.93	4,564.45	13,675.84
Changes in Inventories of Work-in-progress, Finished Goods andStock-in-trade	(1,838.67)	(2,295.53)	675.10	(4,134.20)	1,849.34	3,781.41
Employee Benefits Expense	2,128.15	1,913.03	1,624.11	4,041.18	3,297.80	7,216.44
Finance Costs	8.96	12.27	22.38	21.23	117.23	176.18
Depreciation and Amortization Expense	696.52	686.11	689.63	1,382.63	1,342.54	2,961.04
Other Expenses	6 508.75	4 720.42	3185.12	11 229.17	4 526.02	15 377.15
Total Expenses (II)	16,350.88	11,013.50	11,606.22	27,364.38	17,282.45	48,327.16
Ill. Profit Before exceptional items and Tax (I -II)	3,962.80	1,381.33	1,268.68	5,344.13	126.79	6,034.21
IV. Exceptional Items (Refer Note 2)	43.53	602.97	-	646.50	-	-
V. Profit Before Tax (Ill - IV)	3,919.27	778.36	1,268.68	4,697.63	126.79	6,034.21
VI. Tax Expense:
(1) Current Tax	1,169.11	121.17	-	1,290.28	-	1,059.42
(2) Deferred Tax (Refer Note 3)	241.52	1 065.50	357.32	1 307.02	18.45	897.63
Total Tax Expenses	1,410.63	1,186.67	357.32	2,597.30	18.45	1,957.05
VII. Profit I (Loss) for the Period I Year (V- VI)	2,508.64	(408.31)	911.36	2,100.33	108.34	4,077.16
VIII. Other Comprehensive Income (OCI)
i) Items that will not be reclassified to profit or loss:
a) Re-measurement gains I (losses) on defined benefit plansb) Income tax effect on above	20.30(7.09	9.49(3.32	(2.08)0.61	29.79(10.41	(19.83)5.78	38.06(11.08
Total Other Comprehensive Income	13.21	6.17	(1.47)	19.38	(14.05)	26.98
IX. Total Comprehensive Income for the Period I Year (VII+ VIII)	2,521.85	(402.14)	909.89	2,119.71	94.29	4,104.14
X. Paid-up Equity Share Capital (Face value of Re. 11- each fully	1,141.19	1,141.19	1,140.60	1,141.19	1,140.60	1,141.19
paid up)XI. Other Equity excluding Revaluation Reserve						68,831.60
XII. Earning per equity share (in Rs.) (Face value of Re. 11- each)Basic (Not Annualised)"Diluted (Not Annualised)*	2.20 2.20	(0.36) (0.36)	0.80 *0.80.	1.84 1.84	0.09 *0.09.	3.573.57

UNAUDITED STANDALONE SEGMENT INFORMATION FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2021

							(Rs. In lakhs
	S. No. Particulars		Quarter ended			Half Year ended	Year ended
			(30/09/2021) (30/06/2021) (30/09/2020) (30/09/2021) (30/09/2020) (31/03/2021)
		Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
1	Segment Revenue:
	a. Scientificware	4,203.20	3,241 .07	3,137.60	7,444.27	5,406.37	14,243.69
	b. Consumerware	15 714.35	6,373.44	9 507.15	24,067.79	11,475.46	38,479.05
	Total	19 917.55	11 614.51	12 644.95	31 532.06	16 661 .63	52 722.94
	Less : Inter Segment Revenue	-	-	-	-	-	-
	Revenue from operations	19 917.55	11 614.51	12 644.95	31 532.06	16 661.63	52 722.94

2	Segment Results (Profit before tax):
	a. Scientificware	1,243.19	413.42	543.25	1,656.61	647.47	3,013.30
	b. Consumerware	2,718.15	556.31	809.03	3,274.46	(388.96)	2,776.56
	c. InvestmentsTotal	90.724 052.06	451.381 421.11	56.791 409.07	542.10	216.47	937.676 727.73
	Less:- Finance Cost	6.96	12.27	22.38	5 473.1721 .23	476.98117.23	176.16
	Less:- Exceptional Items (Refer Note 2)	43.53	602.97	-	646.50	-	-
	Less:- Other unallocable expenditure (net of income)	80.30	27.51	118.01	107.81	232.96	517.34
	Profit before Tax	3 919.27	778.36	1 268.68	4 697.63	126.79	6 034.21

3	Segment Assets
	a. Scientificware	9,102.41	7,461 .17	9,594.08	9,102.41	9,594.06	9,542.59
	b. Consumerware	32,921.36	26,344.73	30,298.54	32,921 .36	30,296.54	25,779.09
	c. Investments	26,127.44	30,105.50	18,621 .19	26,127.44	16,621 .19	31 ,453.46
	d. Un-allocated	20 611 .89	16 583.54	19 186.04	20 611.69	19 186.04	15 710.50
	Total	88763.10	84 494.94	77 699.85	86 763.10	77 699.65	82 485.64

4	Segment Liabilities
	a. Scientificware	3,056.76	3,160.26	2,439.56	3,056.76	2,439.56	2,935.68
	b. Consumerware	11,130.21	6,544.42	6,142.26	11,130.21	6,142.26	7,166.13
	c. Investments	76.01	65.20	53.43	76.01	53.43	85.20
	d. Un-allocated	3491 .13	3119.39	3 161.72	3 491 .13	3 181.72	2 325.84
	Total	17 756.11	14 909.27	11 816.97	17 756.11	11 816.97	12 512.85
	Note:

As per Indian Accounting Standard 108 on 'Operating Segment' (lnd-AS 106), the Company has reported "Segment information", as described below:

Scientificware:- Comprising of manufacturing and trading items used in Laboratories and Scientific ware.

Consumerware:- Comprising of manufacturing and trading items for Domestic use.

Investments:- Comprising of Investment activities. As the investments are not held as stock in trade, the income from investment activities has not been considered as segment revenue and accordingly not disclosed.

Unallocated:- Consists of income, expenses, assets and liabilities which can not be directly identified to any of the above segments.

UNAUDITED STANDALONE BALANCE SHEET AS AT 30TH SEPTEMBER, 2021

		(Rs. in lakhsl
Particulars	As at	As at
	(30/09/2021 I	(31/03/2021)
	Unaudited	Audited
I.ASSETS
1 Non-(;urrent Assets
(a) Property, Plant and Equipment	21,396.05	22.108.97
(b) Capital work-in-progress	1,043.22	1,165.57
(c) Investment Property	167.50	167.63
(d) Goodwill on Amalgamation	5,931.84	5,931.84
(e) Other Intangible assets	28.95	42.61
{f) Financial Assets
(i) Investments	10,682.81	11,373.93
(ii) Loans	19.12	235.28
(iii) Others	417.05	488.69
(g) ArtWorks	240.80	240.80
(h) Non Current Tax Assets (net)	643.04	642.68
(i) Other non current assets	442.78	32.12
Total non current assets	41 013.16	42 430.12

2 Current Assets
(a) Inventories	15,211.97	12,976.62
(b) Financial Assets
(i) Investments	15,347.46	19,837.49
(ii) Trade Receivables	8,456.28	5,384.71
(iii) Cash and cash equivalents	1,219.70	564.72
(iv) Bank Balances other than (iii) above	1,234.11	29.70
(v) Loans	1,547.73	46.86
(vi) Others	2,202.16	281.05
(c) Other current assets	2 530.53	934.37
Total current assets	47 749.94	40 055.52
TOTAL ASSETS	88 763.10	82 485.64
II.EQUITY AND LIABILITIES

EQUITY
(a) Equity Share Capital	1,141.19	1,141.19
(b) Other Equity	69 665.60	66 631 .60
Total equity	71 006.99	69 972.79
LIABILITIES
1 Non current Liabilities
(a) Financial Liabilities
(i) Lease Liabilities	116.74	119.05
(b) Provisions	-	219.10
(c) Deferred Tax Liabilities (net)	2 620.66	1 503.23
Total non current liabilities	2 939.40	1 841.38

2 Current Liabilities
(a) Financial Liabilities
(i) Lease Liabilities	0.62	0.59
(ii) Trade Payables
A) Total outstanding dues of micro and small enterprises	2,212.39	1,339.77
B) Total outstanding dues of creditors other than micro and	4,846.05	2,496.70
small enterprises
(iii) Other Financial Liabilities	5,303.68	5,002.19
(b) Other current liabilities	1,069.40	646.31
(c) Provisions	1,017.68	666.63
(d) Current Tax Liabilities (net)	366.69	319.08
Total current liabilities	14 816.71	10 671.47

TOTAL EQUITY AND LIABILITIES	88 763.10	82 485.64

UNAUDITED STANDALONE STATEMENT OF CASH FLOWS FOR THE HALF YEAR ENDED 30TH

SEPTEMBER, 2021		(Rs. In Lakhs)
Particulars	For the Halfyear Ended30thSeptember,	For the Halfyear Ended30thSeptember,
	2021Unaudited	2020Unaudited
A. Cash Flow from Operating Activities
Profit Before Tax as per Statement of Profit and Loss	4,697.63	126.79
Adjusted for:Depreciation and Amortisation ExpenseUnrealised (gain) on Foreign Currency Transactions (net)Gain on Financial Instruments measured at fair value through profitor loss (net)Loss I (Gain) on Sale of Investments (net)Dividend IncomeInterest Income	1,382.63(11.95)(629.15)77.31(0.07)(63.11)15.92	1,342.54(0.66)(129.20)1.24-(151 .77)(3.57)
Loss I (Profit) on Sale I discarding of Property, Plant and Equipmentand Assets held for Sale (net)Investment Advisory ChargesShare Based Payment ExpenseFinance CostsSundry Balances I Excess provision Written Back (net)Loss due to fire and heavy rainBad Debts	16.2950.5021 .23(186.99)646.502.95	0.71381 .95117.23(143.73)---
Provision for Credit Impaired I doubtful advances (net)	21 .03
Operating Profit before Working Capital ChangesAdjusted for :	6,040.72	1,541.53
Trade & Other ReceivablesInventoriesTrade & Other Payables	(6,828.92)(2,235.35)4 285.39	3,606.601,678.83378.71
Cash generated from operationsDirect taxes paid	1,261.84(1 243.03\	7,205.67(161 .86}
Net Cash from Operating Activities	18.81	7 043.81
B. Cash Flow from Investing ActivitiesPurchase of Property, Plant and EquipmentSale of Property, Plant and Equipment and Assets held for Sale	(1,520.07)14.84	(940.45)8.56
Investments in a SubsidiaryPurchase of InvestmentsSale of InvestmentsMovement in LoansFixed Deposit I Deposit Placed with Bank I NBFCInvestment Advisory Charges PaidInterest on lnvestmenULoansDividend Received	(463.40)(15,180.06)21 ,321 .72214.77(1,500.00)(23.48)51.270.072 915.66	-(700.21)762.96(40.00)(124.00)(0.71)162.65-1871 .20
Net Cash from I (used in) Investing ActivitiesC. Cash Flow from Financing ActivitiesMovement in Current Borrowings (net)	-	(4,340.87)
Lease PaymentsMargin Money (net)Dividend PaidInterest Paid	(5.37)(1,107.23)(1 ,141 .19){25.70\	-(0.17)-{132.34
Net Cash (used In) Financing Activities	(2 279.49)	(4 473.38
Net Increase/ (Decrease) in Cash and Cash Equivalents (A+B+C)	654.98	1,699.23
Opening Balance of Cash and Cash Equivalents	664.72	222.16
Closing Balance of Cash and Cash Equivalents	1,219.70	1,921.39

1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 121 hNovember, 2021 . The Statutory Auditors of the Company have carried out a Limited Review of the above results.
1. As reported in the previous quarter, there was loss of properties (including fixed assets and inventories) of Rs. 4,233.85 Lakhs due to fire at the Company's warehouse situated at Bharuch, Gujarat. Also, during the quarter, there was loss of inventories of Rs. 236.14 Lakhs due to heavy rain resulting in overflow of Kamvari river in Bhiwandi which caused water logging leading to spoilage of inventories at the Company's warehouse situated at Bhiwandi, Maharashtra. The Company has insurance in place to cover the damages and accordingly received Rs. 3,146.37 Lakhs as part settlement of the claims till date. Settlement of balance claims amount is yet to be finalized by the Insurance Company. As per Internal estimates, Company has recognized net loss of Rs. 43.53 Lakhs and Rs. 646.50 Lakhs for the quarter and half year ended 3Q1 h September, 2021 respectively and the same has been disclosed as an exceptional items in the above results. Any difference between pending claim amount as estimated and claim settlement amount will be recognized upon the final settlement of such claims.
1. As reported in the previous quarter, the Finance Act 2021 has discontinued the depreciation allowance on goodwill from Financial Year 2020-21 onwards. This has resulted into onetime incremental deferred tax expense of Rs. 1,165.96 Lakhs for the half year ended 301 hSeptember, 2021.
1. The figures for the previous period I year have been rearranged I regrouped, wherever necessary, to make them comparable.

For Borosil Limited

Shr§fWar eruka Managing Director & CEO (DIN 01802416)

Place: Mumbai Date :12.11.2021

Independent Auditor's Review Report on Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

To, The Board of Directors of Borosil Limited

1. We have reviewed the accompanying statement of unaudited standalone financial results of Borosil Limited ("the Company") for the quarter ended 30th September, 2021 and for the period from 1st April 2021 to 30th September, 2021 ("the statement"), attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("the Listing Regulation"), as amended.
1. 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 Indian Accounting Standard 34, Interim Financial Reporting (lnd AS 34) as prescribed under section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to issue a report on the statement based on our review.
1. 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 statement is free of material misstatement. A review is limited primarily to inquiries of Company personnel and an analytical procedure applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

4. Emphasis of Matter

We draw attention to Note 2 of the statement, in respect of loss of properties including fixed assets & inventories due to fire at Company's warehouse situated at Bharuch and loss of inventories due to heavy rain at the Company's warehouse situated at Bhiwandi. Pending finalization of balance Insurance claim, loss of Rs. 43.53 Lakhs and Rs. 646.50 Lakhs for the quarter an ~

.;:.~ ------------------------------------------------------- ~ ~

Head Office: 714-715, Tulsiani Chambers, 212, Nariman Point, Mumbai- 400 021, India. Tel: +91 22 3021 8500 ·Fax .295 ~ URL : www.cas.ind.in 9.: l:1A/ * ~... ~ Branch : Bengaluru ~~ ~~ ~~DArco ~'' .

year ended 30th September, 2021 respectively has been recognised as per Company's estimates. Our conclusion is not modified in respect of this matter.

Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited standalone financial results, prepared in accordance with the 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 Listing Regulations, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

6. Other Matter

Attention is drawn to the fact that the figures for the quarter ended 30th June, 2021, for the quarter & half year ended 30th September, 2020 and for the year ended 31st March, 2021 are based on previously issued standalone financial results and annual standalone financial statements that were reviewed/audited by predecessor auditor (vide their unmodified limited review reports dated 13th August, 2021 and 13th November, 2020 and unmodified audit report dated 2ih May, 2021 respectively). Our conclusion is not modified in respect of this matter.

For Chaturvedi & Shah LLP

Chartered Accountants Registration No. 1 01720WNV1 00355

R. Koria Partner

Membership No. 35629 UDIN No. : 21035629AAAAEU8474

Place: Mumbai Date: 1 ih November, 2021

CJN: L36100MH2010PLC292722

Regd. Office: 1101, Crescenzo, G-Biock, Opp. MCA Club, Bandra Kurla Complex, Sandra (East), Mumbal- 400 051 Tei.No.(022) 67406300 Fax No.(022) 67406514 Website : www.borosll.com Email: [email protected]

~~UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2021(Rs In lakhs except as stated)
S.No. Particulars		Quarter ended				Year ended
		130/09/2021\ ' 130/06/20211 fi30/09/2020l f/30/09/20211 fiJ0/09/20201 131/03/20211
	Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
I. Income:
Revenue From Operations	22,183.34	13,788.30	13,939.00	35,971 .64	19,548.58	58,476.93
Other Income	424.54	781 .34	240.23	1,205.88	554.46	1,684.29
Total income (I)	22,607.88	14,569.64	14,179.23	37,177.52	20,103.04	60,161.22

II. Expenses:
Cost of Materials Consumed	3,212.97	2,587.04	2,103.47	5,800,01	2,996.31	8,315.55
Purchases of Stock-in-Trade	6,384.95	3,921 .65	3,785.73	10,306.60	4,139.95	12,276.61
Changes in Inventories of Work-in-Progress, Finished Goods and Stock-in-Trade	(1 ,997.99)	(2,130.40)	529.17	(4,128.39)	1,645.72	3,739.06

Employee Benefits Expense	2,525.81	2,249.96	1,921.25	4,775.77	3,877.54	8,423.70
Finance Costs	16.95	23.47	39.87	40.42	146.65	241 .69
Depreciation and Amortization Expense	859.03	848.90	828.55	1,707.93	1,621.04	3,547.81
Other Expenses	7,339.93	5,395.95	3,672.37	12,735.88	5,429.51	17,492.86
Total Expenses (II)	18,341.65	12,896.57	12,880.41	31,238.22	19,856.72	54,037.28
Ill. Profit before share of profit in associate, exceptional items and tax (I -II)	4,266.23	1,673.07	1,298.82	5,939.30	246.32	6,123.94
IV. Share of profit in associates				-		-
V. Profit before exceptional items and tax (Ill +IV)	"4,266.23	1,673.07	"1,298.82	5,939.30	"246.32	6,123.94
VI. Exceptional items (Refer Note 2)	43.53	602.97		646.50		-
VII. Profit before tax (V ·VI)	4,222.70	1,070.10	"1,298.82	5,292.80	"246.32	6,123.94
VIII. Tax Expense:
(1) Current Tax	1,220.08	121 .17	"	1,341 .25	"	1,059.42
(2) Deferred Tax (Refer Note 3)	274.13	1,138.91	363.26	1,413.04	47.15	828.97
Total Tax Expenses	1,494.21	1,260.08	363.26	2,754.29	47.15	1,888.39

IX. Profit I (Loss) for the period I Year (VII ·VIII)	2,728.49	(189.98)	935.56	2,538.51	199.17	4,235.55
x. Other Comprehensive Income
I) Items that will not be reclassified to profit or loss:
Re-measurement gains I (losses) on defined benefit plans	20.84	10.04	(2.21)	30.88	(20.09)	40.24
Income tax on above	17.23	(3.46	0.65	{10.69	5.85	(11 .65)
Total Other Comprehensive Income	13.61	6.58	(1.56)	20.19	(14.24)	28.59
XI. Total Comprehensive Income for the period I year (IX + X)	2,742.10	(183.40)	934.00	2,558.70	184.93	4,264.14
XII. Profit I (Loss) attributable to:
Owners of the Company	2,680.20	(236.22)	929.89	2,443.98	176.80	4,210.43
Non-controlling Interest	48.29	46.24	5.67	94.53	22.37	25.12
XIII. Other Comprehensive Income attributable to:
Owners of the Company	13.53	6.50	(1.57)	20.03	(14.25)	28.27
Non-controlling interest	0.08	0.08	0.01	0.16	0.01	0.32
XIV. Total Comprehensive Income attributable to:
Owners of the Company	2,693.73	(229.72)	928.32	2,464.01	162.55	4,238.70
Non-controlling interest	48.37	46.32	5.68	94.69	22.38	25.44
XV. Paid up Equity Share Capital (Face value of Re. 11- each fully paid up)	1,141.19	1,141.19	1,140.60	1,141 .19	1,140.60	1,141.19
XVI. Other Equity excluding revaluation reserve						68,334.12
XVII. Earning per Equity Share (Face value of Re. 11- each) (in Rs.)
Basic (Not Annualised)'	2.35.	(0.21).	0.82.	2.14.	0.16.	3.69
Diluted (Not Annualised)'	2.35.	(0.21).	0.82.	2.14.	0.16.	3.69

UNAUDITED CONSOLIDATED SEGMENT INFORMATION FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2021

	(Rs. in lakhsl
s.	Particulars		Quarter ended			Half Year ended	Year ended
No.		30/09/2021	30/06/2021)		{30/09/2020) _{30/09/2021)	{30/09/2020)	{31/03/2021)
		Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
	1 Segment Revenue :
	a. Scientificware	6,468.99	5,414.86	4,431 .85	11 ,883.85	8,073.12	19,997.88
	b. Consumerware	15,714.35	8,373.44	9,507.15	24.087.79	11,475.46	38.479.05
	Total	22,183.34	13,788.30	13,939.00	35,971.64	19,548.58	58,476.93
	Less : Inter Segment Revenue		-	-			-
	Revenue from operations	22183.34	13 788.30	13 939.00	35 971.64	19 548.58	58 476.93
	2 Segment Results (Profit before tax and non-controlling interests):
	a. Scientificware	1,557.62	722.62	589.52	2,280.24	793.71	3,175.78
	b. Consumerware	2,718.15	556.31	809.03	3,274.46	(388.96)	2,776.56
	c. Investments	87.71	445.12	54.21	532.83	217.99	930.63
	Total	4 363.48	1 724.05	1 452.76	6 087.53	622.74	6 882.97
	Less:- Finance cost	16.95	23.47	39.87	40.42	146.65	241 .69
	Less:- Exceptional item (Refer Note 2)	43.53	602.97	-	646.50		-
	Less:- Other unallocable expenditure (net of income)	80.30	27.51	114.07	107.81	229.77	517.34
	Profit before Tax	4 222.70	1 070.10	1 298.82	5 292.80	246.32	6123.94

	3 Segment Assets
	a. Scientificware	18,792.27	17,058.97	18,688.58	18,792.27	18,688.58	19,029.49
	b. Consumerware	32,921 .36	28,344.73	30,298.54	32,921 .36	30,298.54	25,779.09
	c. Investments	18,965.08	23,113.98	11 ,931.04	18,965.08	11 ,931 .04	24,548.22
	d. Un-allocated	21 730.31	19,703.93	20,322.43	21 ,730.31	20,322.43	16,903.40
	Total	92 409.02	88 221.61	81 240.59	92 409.02	81 240.59	86 260.20

	4 Segment Liabilities
	a. Scientificware	5,032.72	5,412.89	4,030.53	5,032.72	4,030.53	5,194.26
	b. Consumerware	11,130.21	8,544.42	6,142.26	11,130.21	6,142.26	7,166.13
	c. Investments	78.01	85.39	53.57	78.01	53.57	85.41
	d. Un-allocated	3,932.20	3,585.14	4.413.55	3,932.20	4.413.55	3,052.78
	Total	20173.14	17627.84	14 639.91	20173.14	14 639.91	15 498.58
	Note:

As per Indian Accounting Standard 108 on 'Operating Segment' (lnd-AS 108), the Company has reported "Segment information", as described below:

Scientificware:- Comprising of manufacturing and trading of items used in Laboratories, Scientific ware and pharmaceutical packaging.

Consumerware:- Comprising of manufacturing and trading of items for Domestic use.

Unallocated:- Consists of income, expenses, assels and liabilities which can not be directly identified to any of the above segments.

UNAUDITED CONSOLIDATED BALANCE SHEET AS AT 30TH SEPTEMBER, 2021

		IRs. In lakhsl
Particulars	As at	As at
	30/09/2021	31/03/2021
	Unaudited	Audited
I. ASSETS

1 Non-current Assets
(a) Property. Plant and Equipmenl	27,096.36	27.811 .47
(b) Capital work-in-progress	1.313.25	1,266.13
(c) Investment Property	167.50	167.63
(d) Goodwill	6,767.07	6,767.07
(e) Other Intangible assets	35.62	51.39
(I} Financial Assets
(i) Investments	3,526.97	4,681.49
	20.70	23.10
(ii) Loans
(iii) Others	458.10	528.71
(g) Deferred Tax Assets (net)	247.75	354.05
(h) Art Works	240.80	240.80
(i) Non-current tax assets (net)	677.30	645.13
G) Other non-current assets	573.29	62.38
Total non-current assets	41124.71	42 599.35

2 Current Assets
(a) Inventories	16,913.35	14,760.95
(b) Financial Assets
(i) Investments	15.347.46	19,837.49
(ii) Trade Receivables	9,878.52	6,636.38
(iii) Cash and cash equivalents	1,259.87	652.30
(iv) Bank Balances other than (iii) above	1.313.17	107.09
	1,558.35	54.50
(v) Loans	2.289.67	381.89
(vi) Others		1 230.25
(c) Other current assets	2 723.92
	51,284.31	43,660.85
(d) Assets held for sale	-	-
Total current assets	51 284.31	43 660.85
	92 409.02	86 260.20
TOTAL ASSETS
II. EQUITY AND LIABILITIES
EQUITY
(a) Equity Share Capital	1.141 .19	1,141 .19
	69,713.69	68 334.12
(b) Other Equity	70,854.88	69,475.31
Equity attributable to the owners
Non-controlling interest	1 381 .00	1 286.31
Total Equity	72 235.88	70 761.62
LIABILITIES

1 Non-current Liabilities
(a) Financial liabilities	-
(i) Borrowings		59.94
(ii) Lease Liabilities	118.74	119.05
(b) Provisions	277.75	481 .99
(c) Deferred Tax Liabilities (net)	2,820.66	1 503.23
Total non-current liabilities	3 217.15	2164.21

2 Current Liabilities
(a) Financial Liabilities
(i) Borrowings	439.90	667.02
(ii) Lease Liabilities	0.62	5.43
(iii) Trade Payables
A) total outstanding dues of micro enterprises and small enterprises	2.473.63	1,503.92
B) total outstanding dues of creditors other than micro enterprises and	5,639.01	3,659.63
small enterprises
(iv) Other Financial Liabilities	5,813.17	5,463.40
	1,116.39	970.66
(b) Other current liabilities	1,105.67	745.23
(c) Provisions
(d) Current Tax Liabilities (Net)	367.60	319.08
Total current liabilities	16 955.99	13 334.37
	92 409.02	86 260.20
TOTAL EQUITY AND LIABILITIES

UNAUDITED CONSOLIDATED STATEMENT OF CASH FLOW FOR THE HALF YEAR ENDED 30TH SEPTEMBER, 2021

		(Rs. in lakhs)
Particulars	For the Half	For the Half
	year Ended	year Ended
	30th	30th
	September,	September,
	2021	. 7020
	Unaudited	Unaudited
A. Cash Flow from Operating Activities
Profit before tax as per consolidated statement of profit and loss	5,292.60	246.32

Adjusted for:	1,707.93	1,621.04
Depreciation and Amortisation ExpenseLoss I (Gain) on Foreign Currency Transactions and Translations (net)	(13.49)	1.64
Dividend Income	(0.07)	-
Interest Income	(57.56)	(155.66)
loss I (Gain) on sale of Investments (net)	77.31	0.87
Gain on Financial instruments measured at fair value through profit or loss (net)	(629.15)	(129.20)
loss I (gain) on sale/discarding of Property, Plant and Equipment and Assets heldfor Sale (net)	15.92	(3.57)
Investment Advisory Charges	16.29	0.71
Share Based Paymenl Expense	56.75	363.92
Finance Costs	40.42	146.65
Sundry Balances I Excess provision Written Back (net)	(186.99)	(143.73)
Loss due to fire and heavy rain	646.50	-
Bad Debts	2.95	-
Provision for Credit Impaired I Doubtful Advances (net)	33.26	-
Operating Profit before Working Capital Changes	7,002.85	1,969.19

Adjusted for:
Trade and Other Receivables	(6,913.92)	3,522.94
Inventories	(2,152.40)	1,636.03
Trade and Other Payables	4 006.14	115.74)
Cash generated from Operations	1,944.67	7,112.42
Direct taxes paid (net)	(1 ,324.90)	(159.42)
Net Cash from Operating Activities	619.77	6,953.00
B. Cash Flow from Investing Activities
Purchase of Property, Plant and Equipment	(2,099.21)	(1,307.55)
Sale of Property, Plant and Equipment and Assets held for Sale	14.64	8.56
Purchase of Investments	(15,180.06)	(675.64)
Sale of Investments	21,321.72	762.96
Fixed deposit I deposits placed with Bank I NBFC	(1,500.00)	(124.00)
Investment Advisory Charges Paid	(23.48)	(0.71)
Income /Interest on Investment /Loans	47.44	165.55
Dividend Received	0,07	-
Net Cash from I (Used in) Investing Activities	2,581.32	(1,170.83)
c. Cash Flow from Financing Activities
Repayment of Noll-current Borrowings	(126.96)	(37.85)
Movement in Current Borrowings (net)	(160.10)	(3,864.40)
Margin Money (net)	(1,108.90)	(2.49)
lease Payments	(10.09)	(13.97)
Dividend Paid	(1,141.19)	-
Interest Paid	(46.28	(149.66)
Net Cash (used In) Financing Activities	(2,593.52)	(4,088.37)
Net Increase I (Decrease) In Cash and Cash Equivalents (A+B+C)	607.57	1,693.80
Opening Balance of Cash and Cash Equivalents	652.30	260.76
Closing Balance of Cash and Cash Equivalents	1,259.87	1,954.56

1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 12th November, 2021. The Statutory Auditors of the Company have carried out a Limited Review of the above results.
1. As reported in the previous quarter, there was loss of properties (including fixed assets and inventories) of Rs. 4,233.85 Lakhs due to fire at the Company's warehouse situated at Bharuch, Gujarat. Also, during the quarter, there was loss of inventories of Rs. 236.14 Lakhs due to heavy rain resulting in overflow of Kamvari river in Bhiwandi which caused water logging leading to spoilage of inventories at the Company's warehouse situated at Bhiwandi, Maharashtra. The Company has insurance in place to cover the damages and accordingly received Rs. 3,146.37 Lakhs as part settlement of the claims till date. Settlement of balance claims amount is yet to be finalized by the Insurance Company. As per Internal estimates, Company has recognized net loss of Rs. 43.53 Lakhs and Rs. 646.50 Lakhs for the quarter and half year ended 30th September, 2021 respectively and the same has been disclosed as an exceptional items in the above results. Any difference between pending claim amount as estimated and claim settlement amount will be recognized upon the final settlement of such claims.
1. As reported in the previous quarter, the Finance Act 2021 has discontinued the depreciation allowance on goodwill from Financial Year 2020-21 onwards. This has resulted into onetime incremental deferred tax expense of Rs. 1,165.96 Lakhs for the half year ended 30th September, 2021.
1. The figures for the previous period I year have been rearranged I regrouped, wherever necessary, to make them comparable.

Place: Mumbai Date :12.11.2021

For Borosil Limited

Shreevar Kheruka Managing Director & CEO (DIN 01802416)

Independent Auditor's Review Report on Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

To, The Board of Directors of Borosil Limited

1. We have reviewed the accompanying statement of unaudited consolidated financial results of Borosil Limited ("the Holding Company") and its subsidiaries (the holding Company and its subsidiaries together refer to as "the Group") for the quarter ended 30th September, 2021 and for the period from 1st April, 2021 to 30th September, 2021 ("the statement"), attached herewith, being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 ("the Listing Regulation"), as amended.
1. 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 Indian Accounting Standard 34, Interim Financial Reporting (lnd AS 34) as prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the statement based on our review.
1. 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. A review of interim financial information consists of making enquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the circular no. CIR/CFD/CMD1/44/2019 issued by the Securities and Exchange Board of India under Regulation 33 (8) of the Listing Regulations, as amended, to the extent applicable

Head Office: 714-715, Tulsiani Chambers, 212, Nariman Point, Mumbai - 400 021 , India. Tel : +91 22 30 URL : www.cas.ind.in 1 8595

1. The statement includes the results of the entities listed as per below: List of subsidiaries:
- 1. Klass Pack Limited
- 1. Borosil Technologies Limited
- 1. Acalypha Realty Limited

5. Emphasis of Matter

1. Based on our review conducted as above and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred to in paragraph 7 below, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited consolidated financial results, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.
1. We did not review the interim financial information/financial results of 3 subsidiaries included in the unaudited consolidated financial results, whose interim financial information/financial results reflect total assets of Rs. 10,191.48 Lakhs as at 30th September, 2021 and total revenue of Rs. 2,935.38 Lakhs and Rs. 5,776.65 Lakhs, total net profit after tax Rs. 245.07 Lakhs and Rs. 461.91 Lakhs and total comprehensive income of Rs. 245.47 Lakhs and Rs. 462.72 Lakhs for the quarter ended 30th September, 2021 and for the period from 1st April, 2021 to 30th September, 2021 respectively, and cash outflow (net) of Rs. 47.41 Lakhs for the period from 1st April, 2021 to 30th September, 2021, as considered in the unaudited consolidated financial results. These interim financial information/financial results have been reviewed by other auditors, whose reports have been furnished to us by the Management and our conclusion on the statement, in so far as it relates to the amount and disclosures included in respect of these subsidiaries is based solely on the reports of the other auditors and procedures perfo as stated in paragraph 3 above. ~~'V ,

Our conclusion on the statement is not modified in respect of the above matters with respect to our reliance on the work done and the report of other auditors.

8. Other Matter

Attention is drawn to the fact that the figures for the quarter ended 30th June, 2021, for the quarter & half year ended 30th September, 2020 and for the year ended 31st March, 2021 are based on previously issued consolidated financial results and annual consolidated financial statements that were reviewed/audited by predecessor auditor (vide their unmodified limited review reports dated 131 h August, 2021 and 13th November, 2020 and unmodified audit report dated 2ih May, 2021 respectively). Our conclusion is not modified in respect of this matter.

For Chaturvedi & Shah LLP Chartered Accountants Registration No. 101720W/W100355

R. Koria

Partner Membership No. 35629 UDIN No. : 21 035629AAAAEV8511

Place: Mumbai Date: 1ih November, 2021

CIN: L361 OOMH201 OPLC292722

Regd. Office: 1101, Crescenzo, G-Biock, Opp. MCA Club, Sandra Kurla Complex, Sandra (East), Mumbai 400 051 Tei.No.(022) 67406300 Fax No.(022) 67406514 Website: www.borosil.com Email : [email protected]

EXTRACT OF STATEMENT OF UNAUDITED STANDALONE AND CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2021 (Rs. in lakhs except as stated)

	Standalone				Consolidated
Particulars	Quarter ended	Half Year ended	Quarter ended	Quarter ended	Half Year ended	Quarter ended
	(30/09/2021)	(30/09/2021)	(30/09/2020)	(30/09/2021)	(30/09/2021)	(30/09/2020)
	Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Unaudited
Total income from operations	19,917.55	31 ,532.06	12,644.95	22,183.34	35,971.64	13,939.00
Net Profit for the period before Tax and Exceptional items	3,962.80	5,344.13	1,268.68	4,266.23	5,939.30	1,298.82
Net Profit for the period before Tax (After Exceptional items)	3,919.27	4,697.63	1,268.68	4,222.70	5,292.80	1,298.82
Net Profit for the period after Tax (After Exceptional items)	2,508.64	2,100.33	911.36	2,728.49	2,538.51	935.56
Total Comprehensive Income for the period (Comprising profit for theperiod (after tax) and other comprehensive income (after tax))	2,521.85	2,119.71	909.89	2,742.10	2,558.70	934.00
Equity Share CapitalOther Equity (Exduding Revaluation Reserve as shown in the Balance	1,141.19	1,141.19	1,140.60	1,141.19	1,141.19	1,140.60
Sheet)
Earning per equity share (in Rs.) (Face value of Re. 1/-each)
Basic (Not Annualised)*	2.20 *	1.84 *	0.80 *	2.35 *	2.14 *	0.82 *
Diluted (Not Annualised)*	2.20 *	1.84 *	0.80 *	2.35 *	2.14 *	0.82 *

The above is an extract of the detailed format of Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended 3oth September, 2021, filed with the Stock Exchanges on 12th November, 2021 under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The full format of the said Financial Results are available on the Stock Exchanges website (WNW.bseindia.com and WNW.nseindia.com) and on the Company's website (WNW.borosil.com).
The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 12th November, 2021. The Statutory Auditors of the Company have carried out a Limited Review of the above results.

For Borosil Limited

Shreevar Kheruka Managing Director & CEO (DIN 01802416)

Place : Mumbai Date: 12.11.2021

AI assistant

Borosil Limited Interim / Quarterly Report 2022

59157_rns_2021-11-12_125806df-0a9c-46a2-a939-394200276ea5.pdf

UNAUDITED STANDALONE SEGMENT INFORMATION FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2021

UNAUDITED STANDALONE BALANCE SHEET AS AT 30TH SEPTEMBER, 2021

UNAUDITED STANDALONE STATEMENT OF CASH FLOWS FOR THE HALF YEAR ENDED 30TH

To, The Board of Directors of Borosil Limited

4. Emphasis of Matter

6. Other Matter

For Chaturvedi & Shah LLP

CJN: L36100MH2010PLC292722

UNAUDITED CONSOLIDATED SEGMENT INFORMATION FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2021

UNAUDITED CONSOLIDATED BALANCE SHEET AS AT 30TH SEPTEMBER, 2021

UNAUDITED CONSOLIDATED STATEMENT OF CASH FLOW FOR THE HALF YEAR ENDED 30TH SEPTEMBER, 2021

To, The Board of Directors of Borosil Limited

5. Emphasis of Matter

8. Other Matter

CIN: L361 OOMH201 OPLC292722

Regd. Office: 1101, Crescenzo, G-Biock, Opp. MCA Club, Sandra Kurla Complex, Sandra (East), Mumbai 400 051 Tei.No.(022) 67406300 Fax No.(022) 67406514 Website: www.borosil.com Email : [email protected]

AI assistant

Borosil Limited — Interim / Quarterly Report 2022

59157_rns_2021-11-12_125806df-0a9c-46a2-a939-394200276ea5.pdf

UNAUDITED STANDALONE SEGMENT INFORMATION FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2021

UNAUDITED STANDALONE BALANCE SHEET AS AT 30TH SEPTEMBER, 2021

UNAUDITED STANDALONE STATEMENT OF CASH FLOWS FOR THE HALF YEAR ENDED 30TH

To, The Board of Directors of Borosil Limited

4. Emphasis of Matter

6. Other Matter

For Chaturvedi & Shah LLP

CJN: L36100MH2010PLC292722

UNAUDITED CONSOLIDATED SEGMENT INFORMATION FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2021

UNAUDITED CONSOLIDATED BALANCE SHEET AS AT 30TH SEPTEMBER, 2021

UNAUDITED CONSOLIDATED STATEMENT OF CASH FLOW FOR THE HALF YEAR ENDED 30TH SEPTEMBER, 2021

To, The Board of Directors of Borosil Limited

5. Emphasis of Matter

8. Other Matter

CIN: L361 OOMH201 OPLC292722

Regd. Office: 1101, Crescenzo, G-Biock, Opp. MCA Club, Sandra Kurla Complex, Sandra (East), Mumbai 400 051 Tei.No.(022) 67406300 Fax No.(022) 67406514 Website: www.borosil.com Email : [email protected]

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