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Borosil Limited — Interim / Quarterly Report 2022
Aug 13, 2021
59157_rns_2021-08-13_13b6af35-98ad-4a75-b352-42736b7019fa.pdf
Interim / Quarterly Report
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Bomsil Limited ON : ~.nock(;ammczm ~~GrpwateOFfice: I~~.GG-&~~)FMC~~~A~~~ k~ka~~.umbd-Gl, hcGa T t7122t;L(OaCO **F +9220806514 E .crosleEcrcslm** 'td rrnlffDdam
August 13,2021
| The DCS - CRD | |
|---|---|
| BSE Limited | National Stock Exchange of India Ltd |
| Corporate Relationship Department | Exchange Plaza, C-I , Block G, |
| 1' Floor, New Trading Ring, | Bandra Kurla Complex, |
| Rotunda Building, P. J. Towers, | Bandra (East), |
| Dalal Street, | -Mumbai400 051 |
| -Mumbai400 001 |
Dear Sir /Madam,
Scrip Code: 543212 Symbol: BOROLTD Series: EQ
Sub : Outcome of the Board Meeting held on Friday, August 13, 2021
Pursuant to regulation 30 and 33 of the SEBl (Listing Obligation and Disclosure Requirements) Regulations, 2015, this is to intimate that the Board of Directors of the Company at its meeting held today, i.e. Friday, August 13, 2021, inter alia has considered and approved the following:
-
- Unaudited Standalone and Consolidated Financial Results and Segment Reporting of the Company for the quarter ended June 30, 2021 along with Extract of Results to be published in newspaper (copy enclosed);
- 7. Limited Review Report on the aforesaid Results from the auditors of the Company placed before the Board of Directors of the Company (copy enclosed);
-
- Approved the capacity addition plan at Jaipur Plant, Rajasthan. The disclosure as required pursuant to SEBl Circular CI WCFDICMD/4/2015 dated September 09, 201 5 is as follow:
| I Particular | 1 Raising the existing production capacity of 1 | ||||
|---|---|---|---|---|---|
| opal ware glass | |||||
| a) existing capacity | 42 Tonnes Per Day (TPD) | ||||
| b) existing capacity utilization | 100% | ||||
| c) proposed capacity addition | 42 Tonnes Per Day (TPD) | ||||
| d) period within which the | 1 Year | ||||
| proposed capacity is to be added | |||||
| e) investment required | Rs. 175 crores | ||||
| f) mode of financing | Equity, debt and/or internal accruals or through amix of any or all of such means of finance. | ||||
| g) rationale | Market growth ispromising.Toensure fullmaterial availability and achieve growth goingforward, it is necessary to enhance our opal glassproduction capacity by setting up another opalglass furnace. |
i) Opal ware glass


ii) Borosilicate glass
| Particular | Settingupofproductioncapacityofborosilicate glass | |||||
|---|---|---|---|---|---|---|
| a) existing capacity | New capacity | |||||
| b) existing capacity utilization | Not applicable | |||||
| c) proposed capacity addition | 25 Tonnes Per Day (TPD) | |||||
| d) period within which the | 2 years | |||||
| proposed capacity is to be added | ||||||
| e) investment required | Rs. 75 crores | |||||
| f) mode of financing | Equity, debt and/or internal accruals or through a | |||||
| mix of any or all of such means of finance. | ||||||
| g) rationale | The demand for borosilicate glass is increasing. | |||||
| Hence, the company is planning to set up a new | ||||||
| Borosilicate furnace to cater domestic/ overseas | ||||||
| demand for products made of borosilicate glass | ||||||
| for daily usage. This Borosilicate furnace will | ||||||
| provide us a competitive edge due to lower cost | ||||||
| of production. |
4. Adopted the Risk Management Policy.
The aforesaid meeting of the Board of Directors commenced at 12:OO noon and concluded at 01:35 p.m.
This is for your information and records.
Yours faithfully, For Borosil Limited
p anoj Dere company Secretary & Compliance 0ffica Membership No. FCS 7652
Encl : as above

BOROSIL LIMITED CIN: L36100MH2010PLC292722
egd. Office : 1101, Crescenzo, G-Block, Opp. MCA Club, Bandra Kurla Complex, Bandra (East), Mumbai 400 051Tel.No.(022) 67406300 Fax No.(022) 67406514 Website : www.borosil.com Email : [email protected]
| S. No. | Particulars | Standalone | |||||
|---|---|---|---|---|---|---|---|
| Year ended | |||||||
| (30/06/2021) | (31/03/2021) | (30/06/2020) | (31/03/2021) | ||||
| Unaudited | (Refer Note 4) | Unaudited | Audited | ||||
| Lincome: | |||||||
| Revenue From Operations | 11.614.51 | 16,809.75 | 4,236,88 | 52,722,94 | |||
| Other Income | 780.32 | 494.58 | 297.46 | 1,638.43 | |||
| Total Income (I) | 12,394.83 | 17,304.33 | 4,534.34 | 54,361.37 | |||
| II. Expenses: | |||||||
| Cost of Materials Consumed | 1.479.01 | 1,705,84 | 221.42 | 5.139.10 | |||
| Purchases of Stock-in-Trade | 4,498.19 | 4,304.10 | 518.22 | 13,675.84 | |||
| Changes in Inventories of Work-in-progress, Finished Goods andStock-in-trade | (2, 295.53) | 212.60 | 1.174.24 | 3,781.41 | |||
| Employee Benefits Expense | 1,913,03 | 2.065.73 | 1.673.69 | 7.216.44 | |||
| Finance Costs | 12.27 | 48.20 | 94.85 | 176.18 | |||
| Depreciation and Amortization Expense | 686.11 | 773.22 | 652.91 | 2,961.04 | |||
| Other Expenses | 4,720.42 | 5.332.21 | 1.340.90 | 15,377.15 | |||
| Total Expenses (II) | 11,013.50 | 14,441.90 | 5,676.23 | 48,327.16 | |||
| III. Profit / (Loss) Before exceptional items and Tax (I - II) | 1,381.33 | 2,862.43 | (1, 141.89) | 6,034.21 | |||
| IV. | Exceptional Items (Refer Note 2) | 602.97 | |||||
| V. Profit / (Loss) Before Tax (III - IV) | 778.36 | 2,862.43 | (1, 141.89) | 6,034.21 | |||
| VI. Tax Expense: | |||||||
| (1) Current Tax | 121.17 | 494.33 | 1,059.42 | ||||
| (2) Deferred Tax (Refer Note 3) | 1,065.50 | 577.34 | (338.87) | 897.63 | |||
| Total Tax Expenses | 1,186.67 | 1,071.67 | (338.87) | 1,957.05 | |||
| VII. Profit / (Loss) for the Period / Year (V - VI) | (408.31) | 1,790.76 | (803.02) | 4.077.16 | |||
| VIII. Other Comprehensive Income (OCI) | |||||||
| i) Items that will not be reclassified to profit or loss: | |||||||
| a) Re-measurement gains / (losses) on defined benefit plans | 9.49 | 67.51 | (17.75) | 38.06 | |||
| b) Income tax effect on above | (3.32) | (19.66) | 5.17 | (11.08) | |||
| Total Other Comprehensive Income | 6.17 | 47.86 | (12.58) | 26.98 | |||
| IX. Total Comprehensive Income for the Period / Year (VII + VIII) | (402.14) | 1,838.61 | (815.60) | 4,104.14 | |||
| X. Paid-up Equity Share Capital (Face value of Re. 1/- each fully | 1,141.19 | 1,141.19 | 1.140,60 | 1,141.19 | |||
| (ou bisoXI. Other Equity excluding Revaluation Reserve | 68,831,60 | ||||||
| XII. Earning per equity share (in Rs.) (Face value of Re. 1/- each) | |||||||
| Basic (Not Annualised)* | $(0.36)$ * | $1.57*$ | $(0.70)$ * | 3.57 | |||
| Diluted (Not Annualised)* | $(0.36)$ * | $1.57*$ | $(0.70)$ * | 3.57 |

| (Rs. in lakhs) | ||||||
|---|---|---|---|---|---|---|
| Standalone | Year ended | |||||
| Particulars | Quarter ended | |||||
| S. No. | (30/06/2021) | (31/03/2021) | (30/06/2020) | (31/03/2021 | ||
| Unaudited | (Refer Note 4) | Unaudited | Audited | |||
| 1 | Seament Revenue: | |||||
| a. Scientificware | 3.241.07 | 5,003,51 | 2,268.57 | 14,243.89 | ||
| Consumerwareb. | 8,373,44 | 11,806.24 | 968.31 | 38,479.05 | ||
| Total | 11,614.51 | 16,809.75 | 4.236.88 | 52,722.94 | ||
| Less : Inter Segment Revenue | ||||||
| Revenue from operations | 11,614.51 | 16,809.75 | 4,236.88 | 52,722.94 | ||
| $\overline{2}$ | Segment Results (Profit / (Loss) before tax): | |||||
| Scientificwarea. | 413.42 | 1,390.04 | 104.22 | 3,013.30 | ||
| Consumerwareь. | 556.31 | 1,430.22 | (1.197, 99) | 2,776.56 | ||
| InvestmentsC. | 451.38 | 221.92 | 161,68 | 937.87 | ||
| Total | 1,421.11 | 3,042.18 | (932.09) | 6.727.73 | ||
| Less - Finance Cost | 12.27 | 48.20 | 94.85 | 176.18 | ||
| Less:- Exceptional Items (Refer Note 2) | 602.97 | |||||
| Less - Other unallocable expenditure (net of income) | 27.51 | 131.55 | 114.95 | 517.34 | ||
| Profit / (Loss) before Tax | 778.36 | 2.862.43 | (1, 141.89) | 6.034.21 | ||
| 3 | Seament Assets | |||||
| Scientificwarea. | 7,461.17 | 9.542.59 | 9,722.69 | 9,542.59 | ||
| Consumerwareb. | 28,344.73 | 25,779.09 | 31,085.80 | 25,779.09 | ||
| Investmentsc | 30,105.50 | 31,453.46 | 18,176.16 | 31,453,46 | ||
| d.Un-aliccated | 18,583.54 | 15,710.50 | 19,118.71 | 15,710,50 | ||
| Total | 84.494.94 | 82,485.64 | 78,103.36 | 82,485.64 | ||
| 4 | Segment Liabilities | |||||
| Scientificware$\overline{a}$ | 3.160.26 | 2,935.68 | 1,927.30 | 2,935,68 | ||
| Consumerwareb. | 8.544.42 | 7,166,13 | 6,013.42 | 7,166,13 | ||
| Investmentsc | 85.20 | 85.20 | 53.43 | 85.20 | ||
| d.Un-allocated | 3.119.39 | 2.325.84 | 5,147.28 | 2,325.84 | ||
| Total | 14,909.27 | 12.512.85 | 13.141.43 | 12,512.85 |
UNAUDITED STANDALONE SEGMENT INFORMATION FOR THE QUARTER ENDED 30TH JUNE, 2021
Note:As per Indian Accounting Standard 108 on 'Operating Segment' (Ind-AS 108), the Company has reported "Segment information", as describedAs per Indian Accounting Standard 108 on 'Operating Segment' (Ind-AS 108), the C
Scientificware:- Comprising of manufacturing and trading ilems used in Laboratories and Scientific ware,
Scientific ware. - Comprising of manufacturing and usury nems used in Laboratories and Scientific ware,Consumenware: - Comprising of invantaturing and trading items for Domestic use.Investments. - Comprising of Investmen

- 1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 13th August, 2025. The Statutory Auditors of the Company have carried out a Limited Review of the above results.
- As reported earlier, there had been a fire on 1st April, 2021 at the Company's warehouse situated at Bharueh resulting in loss of properties including fixed assets & inventories having aggregate carrying value of Rs. 4,233.94 Lakhs (including Input Tax Credit on such inventories). The Company has insurance in place to cover the damages and accordingly filed the c[airn with the insurance company. Pending finalization of such claim, as per Company's estimates, net Ioss of Rs. 602.97 Lakhs has been rewgnised and disclosed as exceptional items in the above results. Difference if any, between claim estimated and claim settled will be recognised upon the final settlement of such claim.
- 3. 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. ,165.96 Lakhs far the quarter ended 30th June, 2021.
- 4. The figures for tho previous period I year have been rearranged I regrouped, wherever necessary, to make them comparable. the figures for the quarter ended 31st March, 2021 are the balancing figures, between the audited figures of the full financial year and the published year to date figures upto the third quarter of that financial year.
For Borosil Llmbd
Place: Mumbai Date : 13.08.2021

~athaln H.D. F?~ssociates LLP Chartered Accountants
Independent Auditor's Review Report on Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and DiscIosure Requirements) Regulations, 20 15
The Board of Directors of BcrrosiJ Limited
-
- We have reviewed the accompanying statement of unaudited standalone financial results of Borosil Limited ("the Company") for the quarter ended 30th June, 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, 20 15 ("the Regulation"), as amended,
- This statement, which is the responsibility of the Company's management and approved by the Company's Board of Directors, has been prepared in accrlrdance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting (Ind 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.
- 3. We conducted our review of the statement in accordance with the Standard on Review Engagement (SRE) 21 10, "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 o~inion.


4. Emphasis of Matter
We draw attention to Note 2 of the statement, in respect of fire at Company's warehouse situated at Bharuch on 1st April 202 1 resulting in loss of properties including fixed assets and inventories. Pending finalization of Insurance claim, loss of Rs. 602.97 Lakhs has been recognised as per Company's estimates. Our opinion 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 accountirig 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, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.
For Pathak H. D. & Associates LLP
Chartered Accountants Registration No. 107783W/W 100593
Partner Membershiw No. 46806
Place: Mumbai Date: 13th August, 2021

CIN: L36100MH2010PLC292722Regd. Office : 1101, Crescenzo, G-Block, Opp. MCA Club, Bandra Kurla Complex, Bandra (East), Mumbal - 400 051Tel.No.(022) 67406300 Fax No.(022) 67406514 Website : www.borosil.com Email : borosi
| UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE, 2021 | ||
|---|---|---|
| (Rs. in lakhs except as stated) | ||||
|---|---|---|---|---|
| S.No. Particulars | Consolidated | |||
| Quarter ended | Year ended | |||
| 30/06/2021 | 31/03/2021 | 30/06/2020 | 31/03/2021 | |
| Unaudited | (Refer Note 4) | Unaudited | Audited | |
| I. Income: | ||||
| Revenue From Operations | 13.788.30 | 18,405.78 | 5,609.58 | 58.476.93 |
| Other Income | 781.34 | 516.48 | 314.23 | 1,684.29 |
| Total Income (I) | 14.569.64 | 18,922.26 | 5,923.81 | 60,161.22 |
| II. Expenses: | ||||
| Cost of Materials Consumed | ||||
| 2.587.04 | 2,638.75 | 892.84 | 8,315.55 | |
| Purchases of Stock-in-Trade | 3.921.65 | 3,703.21 | 354.22 | 12,276.61 |
| Changes in Inventories of Work-in-Progress, Finished Goods and Stock-in- | (2, 130.40) | 381.99 | 1,116.55 | 3,739.06 |
| Trade | ||||
| Employee Benefits Expense | 2.249.96 | 2,407.80 | 1,956.29 | 8,423.70 |
| Finance Costs | 23.47 | 64.41 | 106.78 | 241.69 |
| Depreciation and Amortization Expense | 848.90 | 934.39 | 792.49 | 3.547.81 |
| Other Expenses | 5,395.95 | 6,000.89 | 1,757.14 | 17,492.86 |
| Total Expenses (II) | 12.896.57 | 16,131.44 | 6.976,31 | 54.037.28 |
| III. Profit / (Loss) before share of profit in associate, exceptional items and tax | 1,673.07 | 2,790.82 | (1,052.50) | 6,123.94 |
| $(1 - 11)$ | ||||
| IV. Share of profit in associates | ||||
| V. Profit / (Loss) before exceptional items and $\text{tax (III + IV)}$ | 1,673.07 | 2,790.82 | (1,052.50) | 6,123.94 |
| VI. Exceptional items (Refer Note 2) | 602.97 | |||
| VII. Profit / Loss) before tax (V - VI) | 1,070.10 | 2,790.82 | (1,052.50) | 6,123.94 |
| VIII. Tax Expense: | ||||
| (1) Current Tax | 121.17 | 494.33 | 1,059.42 | |
| (2) Deferred Tax (Refer Note 3) | 1.138.91 | 452.84 | (316.11) | 828.97 |
| Total Tax Expenses | 1,260.08 | 947.17 | (316.11) | 1,888.39 |
| IX. Profit / (Loss) for the period / Year (VII - VIII) | (189.98) | 1,843.65 | (736.39) | 4,235.55 |
| X. Other Comprehensive Income | ||||
| i) Items that will not be reclassified to profit or loss: | 10.04 | 70.09 | (17.88) | 40.24 |
| Re-measurement gains / (losses) on defined benefit plans | 5.20 | |||
| Income tax on above | (3.46) | (20.34)49.75 | (11.65)28.59 | |
| Total Other Comprehensive Income | 6.58 | (12.68) | ||
| XI. Total Comprehensive Income for the period / year (IX + X) | (183.40) | 1,893.40 | (749.07) | 4,264.14 |
| XII. Profit / (Loss) attributable to: | ||||
| Owners of the Company | (236.22) | 1,858.41 | (753.09) | 4,210.43 |
| Non-controlling interest | 46.24 | (14.76) | 16.70 | 25.12 |
| XIII. Other Comprehensive Income attributable to: | ||||
| Owners of the Company | 6.50 | 49.44 | (12.68) | 28.27 |
| Non-controlling interest | 0.08 | 0.31 | ×. | 0.32 |
| XIV. Total Comprehensive Income attributable to: | ||||
| Owners of the Company | (229.72) | 1,907.85 | (765.77) | 4.238.70 |
| Non-controlling interest | 46.32 | (14.45) | 16.70 | 25.44 |
| XV. Paid up Equity Share Capital (Face value of Re. 1/- each fully paid up) | 1,141.19 | 1,141.19 | 1,140.60 | 1,141.19 |
| XVII. Other Equity excluding revaluation reserve | ۰ | 68,334.12 | ||
| XVIII. Earning per Equity Share (Face value of Re. 1/- each) (in Rs.) | ||||
| Basic (Not Annualised)* | $(0.21)$ * | $1.63*$ | $(0.66)$ * | 3.69 |
| Diluted (Not Annualised)* | $(0.21)$ * | $1.63*$ | $(0.66)$ * | 3.69 |

| S. | Particulars | Consolidated | ||||
|---|---|---|---|---|---|---|
| No. | Quarter | Year ended | ||||
| 30/06/2021 | 31/03/2021 | 30/06/2020 | 31/03/2021 | |||
| 1 Segment Revenue: | Unaudited | (Refer Note 4) | Unaudited | Audited | ||
| a. Scientificware | ||||||
| b. Consumerware | 5,414.868,373.44 | 6,599.54 | 3,641.27 | 19,997.88 | ||
| Total | 13,788.30 | 11,806.2418,405.78 | 1,968.31 | 38,479.05 | ||
| Less : Inter Segment Revenue | 5,609.58 | 58,476.93 | ||||
| Revenue from operations | 13,788.30 | 18,405.78 | ||||
| 5,609.58 | 58,476.93 | |||||
| 2 Segment Results (Profit / (Loss) before tax and non-controlling interests): | ||||||
| a. Scientificware | 722.62 | 1,342,78 | 204.19 | 3,175.78 | ||
| b. Consumerware | 556.31 | 1,430.22 | (1.197.99) | 2,776.56 | ||
| InvestmentsC. | 445.12 | 216.88 | 163.78 | 930.63 | ||
| Total | 1,724.05 | 2,989.88 | (830.02) | 6,882.97 | ||
| Less:- Finance cost | 23.47 | 64.41 | 106,78 | 241.69 | ||
| Less:- Exceptional item (Refer Note 2) | 602.97 | |||||
| Less:- Other unallocable expenditure (net of income) | 27.51 | 134.65 | 115.70 | 517.34 | ||
| Profit / (Loss) before Tax | 1,070.10 | 2,790.82 | (1,052.50) | 6,123.94 | ||
| 3 Segment Assets | ||||||
| Scientificwareä. | 17,058.97 | 19.029.49 | 17,889.58 | 19.029.49 | ||
| Consumerwareb. | 28,344.73 | 25,779.09 | 31,085.80 | 25,779.09 | ||
| InvestmentsĊ. | 23,113.98 | 24,548.22 | 11,486.20 | 24,548.22 | ||
| d. Un-allocated | 19,703.93 | 16,903.40 | 20.325.75 | 16,903.40 | ||
| Total | 88,221.61 | 86,260.20 | 80,787.33 | 86,260.20 | ||
| 4 Segment Liabilities | ||||||
| Scientificwarea. | 5,412.89 | 5,194.26 | 3,338.71 | 5,194.26 | ||
| Consumerwareb. | 8.544.42 | 7,166.13 | 6,013.42 | 7,166.13 | ||
| InvestmentsC. | 85.39 | 85.41 | 53.66 | 85.41 | ||
| Un-allocatedd. | 3,585.14 | 3.052.78 | 5,726.91 | 3,052.78 | ||
| Total | 17,627.84 | 15,498.58 | 15.132.70 | 15,498.58 |
UNAUDITED CONSOLIDATED SEGMENT INFORMATION FOR THE QUARTER ENDED 30TH JUNE, 2021
As per Indian Accounting Standard 108 on 'Operating Segment' (Ind-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.
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.

- 1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 13th August, 2021. The Statutory Auditors of the Company halve carried out a Limited Review of the above results.
- 2. As reported earlier, there had been a fire on 1st April, 21121 at the Company's warehouse situated at Bharuch resulting in loss of properties including fixed assets & inventories having aggregate carrying value of Rs. 4,233.94 Lakhs (including Input Tax Credit on such inventories). The Company has insurance in place to cover the damages and accordingly filed the claim with the insurance company. Pending finallration of such claim, as per Company's est~rnates, net loss of Rs. 602.97 Lakhs has been recognised and disclosed as exceptional iterne in the above results. Difference it any, between claim estimated and claim settled will be recognised upon the final settlement of such claim.
- 3. the Finance Act 2021 has discontinued the depreciation aftowance on goodwill from Frnancial Year 2020-21 onwards. This has resulted into onetime incremental deferred tax expense of Rs. 1,165.96 Lakhs for the quarter ended 30th June, 2021.
- 4. The figures for the previous period I year have been rearranged I regrouped, wherever necessary, to make them cornperable. The figures far the quarter ended 31"' March. 2021 are the balancing figures between the audited figures of the full financial year and the published year to date figures upto the third quarter of that financial year.
For BorosCl Limited
Place: Murnbai

Date :13.08.2021 Managing Dlredor & (DIN 01802418)
patha12 H.D. Fg~ssociates LLP
Chartered Accountants
Independent Auditor's Review Report on Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI [Listing Obligations and DiscIosure Requirements) Regulations, 2015
The Board of Directors of Borosil Limited
- 1. We have reviewed the accompanying statement of unaudited consolidated financial results of Borosil Limited and its subsidiaries (the holding Company and its subsidiaries together refer to as "the Group") for the quarter ended 30th June, 202 1 ("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, 2 0 15 ("the Regulation'), as amended.
- This statement, which is the responsibility of the HoIding Company's management and approved by the Holding Company's Board sf 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) 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.
- 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 anaIWcal ad other review procedures. A review is substantidly less in scope than an audit conclucted in accordance with Stm~dards on Auditing and consequently does not enable us to obtain assurance that we would become aware of at1 significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

patLak H.D. iv~ssociates LLP - Chartered Accountants
4. The statement includes the results of the entities listed as per below: List of subsidiaries: Klass Pack Limited, Borosil Technologies Limited and Acalypha Realty Limited
5. Emphasis of Matter
We draw attention to Note 2 of the statement, in respect of fire at Company's warehouse situated at Bhwuch on lst April 202 1 resulting in loss of properties including fixed assets and inventories. Pending finalization of Insurance claim, loss of Rs, 602.97 L&hs has been recognised as per Company's estimates. Our opinion is not modified in respect of this matter.
6. Based on our review conducted as above, 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 SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2 0 P 5, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.
For Pathak H. D. & Associates LLP
Chartered Accountants Registration No. 107783W /\V 100593
Partner Membershiw No. 46806
Place: Murnbai Date: 13th August, 2021.

CIN: L36100MH201 OPLC292722
Regd. Office : T101, Creseenzo, G-Block, Opp. MCA Club, Bandra Kurla Complex, Bandra (East), Mumbai 400 051 Tel.N0.(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 ENDED 30TH JUNE, 2021
| (Rs. in lakhs except as stated) | ||||||
|---|---|---|---|---|---|---|
| Standalone | Consolidated1 | |||||
| Quarter ended | Year ended | Quarter ended | Quarter ended | Year ended | Quarter ended | |
| Particulars | (30/0612021) | (31 10312021) | (30106/2020) | (3010612021) | (31103/2021) | (3010612020) |
| Unaudited | Audited | Unaudited | Unaudited | Audited | Unaudited1 | |
| Total income from operations | 11,614.51 | 52,722.94 | 4,236.88 | 13,788.30 | 58,476.93 | 5,609.58 |
| IINet Profit(Loss) far the periodyear before Tax and Exceptionalitems | 1,381.33 | 6,034.21 | (1,141.89) | 1,673.07 | 6,123.94 | (1,052.50) |
| IINet Profit(Loss) for the periodyear before Tax (After Exceptionalitems) | 778.36 | 6,034.21 | (1,141.89)' | 1,070.10 | 6,123.94 | (1,052.50) |
| I(Loss) for the period I year after Tax (After ExceptionalNet Profititems) | (408.31) | 4,077.16 | (803.02) | (1 89.98) | 4,235.55 | (736.39) |
| Total Comprehensive Income for the period 1 year (Comprising profitIfor the periodyear (after tax) and other comprehensive income (aftertax)) | (402.14) | 4,104.14 | (815.60) | (183.40) | 4,264.14 | (749.07) |
| Equity Share Capital | 1,141.19 | 1,141.19 | 1,140.60 | 1,141.19 | 1,141.19 | 1,140.60 . |
| Other Equity (Excluding Revaluation Reserve as shown in the BalanceSheet) | 68,831.60 | 68,334.12 | ||||
| Earning per equity share (in Rs.) (Face value of Re. 11- each)Basic (Not Annualised)*Diluted (Not Annualised)' | '(0.36)(0.36) | '3.573.57 | (0.70)(0.70) * | (0.21)(0.21) | '3.693.69 | '(0.66)(0.66) * |
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The above is an extract of the detailed format of Unaudited Standalone August, 2021 under Regulation 33 of the SEBl (Listing Obligations and Disclosure Requirements) Regulations, 2015. The full format of the said Financial Results are available on the Stock Exchanges website (w.bselndia.com and www.nseindia.com) and on the Company's website (www.borosil.com). Exchanges on 13th 30th June, 2021. for the quarter ended and Consolidated filed with the Stock Financial Results
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The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 13th August, 2021. The Statutory Auditors of the Company have carried out a Limited Rev~ew of the above results.
For Borosil Limited
Managing Director & CEO 5 (DIN 01802416)
Place : Mumbai Date: 13.08.2021