BPL Ltd. — Interim / Quarterly Report 2019

Aug 12, 2019

BPL Limited

Dynamic House, 64 Church Street Post Box No. 5194 Benga/uru - 560 001, India. Ph 1 +91-80-2532 7985, 2558 9109 E-mail .' investor@bpl.in / Website : www.bp/Jn CIN .' L28997KL1963PLC002015

The Manager — Listing 12th August, 2019 Bombay Stock P Exchange Limited, J Mumbai Towers, 25th Floor, Dalal Street, - 400 002

The Manager — Listing National Stock Exchange of India Ltd Exchange Plaza, 5'h Bandra - Kurla Floor, Plot No.C/1, G Block, Complex, Bandra (East), Mumbai - 400 051

Dear Sir/Madam,

Sub: Outcome of the Board Meeting held on 12'h We would like to inform August, 2019 your good selves that the Directors of the Company at their Meeting held today, have approved the following:

• for your information and record.
• b) Notice convening the 55'h Annual General Meeting (AGM) of the Company on 27th September, 2019.
• c) Board's Report and Management Discussion and Analysis to the members for the FY 2018-19.
• d) Re-appointment of Capt. S Prabhala and Mrs. Suraj L Mehta, as independent Directors of the company, for a further period of five years from 13'h Aug 2019 to 12'h August, 2024.

The Board Meeting started at 500 pm and ended at 7- 00 pm.

Please take the same on record.

Thanking you,

Very truly yours, B L LIMITED

man & Managing Director Encl: a/a

BPL Limited Regd.0ffice: BPL Works, Palakkad - 678 007, Kerala. CIN - L28997KL1963PLC002015 E-mail: Investor@bpl.in, URL:www.bp|.in, Tel: No. +91 80 25589109 Statement of Standalone Unaudited Financial Results for the Quarter Ended 30th June, 2019

					(Rs. In Crores)
SI.		Quarter Ended			Year Ended
nos
		30-06-2019	31-03-2019	30-06-2018	31-03-2019
	particulars	(Unaudited)	(Audited)	(Unaudited)	(Audited)
I	REVENUE
	Revenue from operations	1,504.30	3,292.01	2,110.17	14,027.86
I	Other Income (net)	62.53	90.70	28.24	294.06
I"	Total Income (I+ l)	1,566.83	3,382.71	2,138.41	14,321.93
IV	EXPENSES
	Cost of material consumed	319.69	444.95	370.88	1,802.74
	Purchases of Stock-in—Trade	1,244.39	1,690.86	952.64	9,760.13
	Changes in inventories of finished goods,Stock-in -Trade and work~
	in—progress	(407.67)	366.50	346.03	188.00
	Excise Duty	-	~
	Employee benefits expense	198.63	251.99	198.14	858.03
	Finance costs	54.36	54.21	32.78	183.25
	Depreciation and amortization expense	11.57	10.13	11.07	44.16
	Other expenses	219.83	274.37	195.19	1,115.31
	Total Expenses	1,640.79	3,093.01	2,106.73	13,951.61
V	Profit/(loss) before exceptionalitems and tax (III—IV)	(73.96)	289.71	31.68	370.30
VI	Profit/(loss) before tax (V-VI)	(73.96)	289.71'	31.68	370.30
VII	Tax Expense:
	(1) Current Tax			8.72
	(2) Deferred Tax	-	277.10	-	277.10
VIII	Profit (Loss)for the periodfrom continuingoperations (VII—VIII)	(73.96)	12.61	22.96	93.20
IX	Profit/(loss) for the period(IX+XII)	(73.96)	12.61	22.96	93.20
X	Other ComprehensiveIncome
	A (i) Items that will not be reclassifiedto profitor loss	-		-
	(ii) Income tax relatingto items that will notbe reclassified to profit
	or loss	-		-
	Total ComprehensiveIncome for the period(XIII+XIV) (Comprising
XI	Profit (Loss)and Other ComprehensiveIncome for the period)	(73.96)	12.61	22.96	93.20
XII	Paid-up equity share capital: (Facevalue Rs.10 each)	4,888.48	4,888.48	4,888.48	4,888.48
	Earnings per equity share (for continuingoperation):
	(1) Basic	(0.15)	0.03	0.05	0.19
	(2) Diluted	(0.15)	0.03	0.05	0.19

ga/

Notes:

• 1. The above results have been reviewed by the Audit Committee and approved and taken on record by the Board of Directors at their respective meetings held on 12th August 2019.
• . The Financial results for all the periods presented above have been prepared in accordance with Ind AS notified under the Companies (Indian Accounting Standards) Rules, 2015 as amended from time to time.
• . The format for unaudited quarterly results as prescribed in SEBI's Circular CIR/CFD/CMD/15/2015 dated 30 November 2015 has been modified to comply with requirements of SEBI's circular dated 5th July 2016, Ind AS and Schedule III (Division II) to the Companies Act, 2013, applicable to companies that are required to comply with Ind AS.
• The estimated amount of contingent liabilities as on June 30th 2019 is Rs. 76.13 Crores.
• An unsecured claimant had obtained an order against the Company from single Bench of the Honorable High Court of Delhi, confirming the order of a Sole Arbitrator. The Company has filed appeal against the said order with the Division Bench of Honorable High Court of Delhi. The Company is hopeful of getting a favourable order on merit, hence, no provision is made in the books of accounts for the claim.
• The company is engaged in manufacturing & trading of consumer electronic goods, and therefore, has only one reportable segment in accordance with Ind AS 108 "operating segments".
• Provision for Deferred Taxation as per Ind AS-12 "Income Tax" provision for current Tax and employee benefits as per Ind AS 19 "Employee Benefits" will be made at the end of the year.
• Previous period figures have been regrouped /reclassified to conform to current period's presentations.

For and behalf of the Board of BPL Limited

(Chairmanmeiar anaging Director)

Place: Bangalore Date: August 12, 2019 N

MKUK 6r ASSOCIATES CHARTERED AccouNTANTs

Limited Review Report

To the Board of Directors, BPL Limited.

We have reviewed the accompanying unaudited financial results of BPL Limited (the the period ended June 'Company") for 30. 2019. Statement has together with the relevant notes thereon (the 'Statement'). The been prepared by the Company pursuant to Regulation 33 of the Securities and Exchange Board oflndia (Listing Obligations and Disclosure "Listing Regulations. Requirements) Regulations. 2015 (the 2015') read with SEBI circular dated July 5. 2016,

The Statement is the responsibility of the Company's management and has been Board of Directors. approved by the Further. the Management is also responsible to ensure that the used in preparation of this accounting policies Statement are consistent with those used in the Company's preparation of the opening unaudited Balance Sheet as at April 1. 2016 the Companies prepared in accordance with of the Companies (Indian Accounting Standards) Rules. 2015 (1nd AS) prescribed under Section 133 Act, 2013 and other recognized accounting practices and policies. Our responsibility is to issue a report on the Statement based on our review.

We conducted our review in accordance with the Standard on Review Engagements (SRE) 2400. "Engagements to review financial statements- " issued by the Institute of Chartered Accountants of India. This Standard whether the Statement requires is free of that we plan and perform the review to obtain moderate assurance as to material misstatement.

A review is limited primarily to inquiries of company personnel and financial data and thus analytical procedures applied to accordingly. we do not provide less assurance than an audit. We have not performed an audit and express an audit opinion.

Based on our review conducted as above. that the Statement has not been nothing has come to our attention that causes us to believe prepared in all material other respects in accordance with 1nd AS and recognized accounting practices and policies. and has not disclosed the information be disclosed in terms of required to Regulation 33 of the SEBI (Listing Obligations and Disclosure Regulations. 2015 read with SEBI requirements) circular dated July 5. 2016 be disclosed. or that it contains including the manner in which it is to any material misstatement.

For MKUK & ASSOCIATES Chartered Accountants . :01

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Date: 12.08.2019

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