14 th February 2023

The Manager -Listing,	The Manager -Listing
CorporateRelationship	National Stock Exchange of India Ltd.,
Department	Exchange Plaza, C-1, Block G,
Bombay Stock Exchange Ltd	Bandra Kurla Complex,
Phiroze Jeejeebhoy Towers	Bandra (E)
Dalal Street	Mumbai –400 051
Mumbai-400001	Trading Symbol-BPL
Scrip code-500074

Sub: Outcome of the Board Meeting held on 14 th February 2023

In Compliance with Regulation 33 of SEBI (LODR) Regulations, 2015, kindly be noted that the board approved the following and accordingly, unaudited financial results and limited review report are attached herewith :

Considered, approved, and took on record the unaudited financial results of the company, both standalone and consolidated, for the quarter ended on 31 st December 2022 along with Limited Review report by the statutory auditors on the same.

The said unaudited Financial Results were recommended by the Audit Committee and approved by the Board of Directors at their respective meetings held today. The Limited Review Report (Standalone & Consolidated) was also adopted by the Board at the said meeting.

The meeting commenced at 3.00 PM and concluded at 5.50 P.M. We request you to kindly take the above on records and acknowledge receipt thereof.

Thanking you,

Very truly yours,

BPL Limited

Sd/- Deepika Bhandiwad Company Secretary & Compliance Officer

Encl: a/a

BPL Limited. Regd.Office: BPL Works, Palakkad - 678 007, Kerala. CIN - L28997KL1963PLC002015 E-mail:[email protected], URL:www.bpllimited.com, Tel: No.+91 80 25589109 Statement of Standalone Unaudited Financial Results for the Quarter and Nine months ended: 31st December 2022

				(INR Lakhs)
Sl. Nos	For the nine months endedFor the Quarter Ended			For the year ended
Particulars31-12-202230-09-2022	31-12-2021	31-12-2022	31-12-2021	31-03-2022
(Unaudited)(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
REVENUEI
1,287.75Revenue from operations	1,186.151,327.68	3,687.74	2,894.78	3,820.75
Other Income (net)19.86II	37.1114.26	78.39	346.55	1,098.43
Total Income (I+II)1,307.61III	1,223.271,341.94	3,766.13	3,241.33	4,919.18
EXPENSESIV
727.73Cost of material consumed	697.51886.15	2,111.76	1,970.41	2,650.88
0.00Purchases of Stock-in-Trade	8.7311.45	16.45	46.59	24.37
Changes in inventories of finished goods, Stock-in -Trade and work
8.09in-progress	(65.29)20.65	(25.27)	(16.59)	(9.67)
183.68Employee benefits expense	183.95178.28	535.76	504.31	729.83
39.16Finance costs	31.6141.31	109.86	134.71	172.56
50.02Depreciation and amortization expense	54.6641.82	146.10	125.84	167.36
229.08Other expenses	135.68105.94	500.66	275.73	419.00
1,237.75Total Expenses	1,046.861,285.58	3,395.33	3,040.98	4,154.33
69.86VProfit/(loss) before exceptional items and tax (III- IV)	176.4156.36	370.80	200.35	764.84
69.86VIProfit/(loss) before tax	176.4156.36	370.80	200.35	764.84
Tax Expense:VII
0.00(1) Current Tax	0.000.00	0.00	0.00	122.11
0.00(2) MAT Credit Availed	0.000.00	0.00	0.00	(122.11)
0.00(3) Deferred Tax	0.000.00	0.00	0.00	(530.10)
Profit (Loss) for the period from continuing operations (VI-VII)VIII69.86	176.4156.36	370.80	200.35	1,294.94
IXProfit/(loss) for the period69.86	176.4156.36	370.80	200.35	1,294.94
Other Comprehensive IncomeX
(i ) Items that will not be reclassified to profit or loss				357.58
(ii) Gains/(losses) on defined benefit obligations				(5.61)
XI
Total Comprehensive Income for the period (Comprising Profit
(Loss) and Other Comprehensive Income for the period)69.86	176.4156.36	370.80	200.35	1,646.91
Paid-up equity share capital: (Face value Rs.10 each)4,897.67XII4,897.67	4,888.58	4,897.67	4,888.58	4,890.69
Earnings per equity share (for continuing operation):
(1) Basic0.14	0.360.12	0.76	0.41	3.37
(2) Diluted0.14	0.360.12	0.76	0.41	3.37

BPL Limited.
Regd.Office: BPL Works, Palakkad - 678 007, Kerala. CIN - L28997KL1963PLC002015
Standalone Segment Wise Revenue, Results, Assets And Liabilities for the period ended 31st December 2022

	(INR Lakhs)
			For the Quarter ended		For the nine months ended		For the year ended
SI. No	Particulars	31-12-2022	30-09-2022	31-12-2021	31-12-2022	31-12-2021	31-03-2022
		(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
	I Segment Revenue
	(a) PCB	1,037.75	936.15	1,258.21	2,937.74	2,794.31	3,758.78
	(b) Brand Licensing Fee	250.00	250.00	69.47	750.00	100.47	61.97
	(c) Unallocated	0.00	0.00	0.00	0.00	0.00	0.00
	Total	1,287.75	1,186.15	1,327.68	3,687.74	2,894.78	3,820.75
	Less: Inter Segment Revenue	0.00	0.00	0.00	0.00	0.00	0.00
	Revenue from operations	1,287.75	1,186.15	1,327.68	3,687.74	2,894.78	3,820.75
	2 Segment Results
	(a) PCB	81.98	51.81	100.64	187.76	221.64	370.68
	(b) Brand Licensing Fee	7.17	119.09	(351.12)	214.52	(351.12)	(531.71)
	Total	89.15	170.90	(250.48)	402.28	(129.48)	(161.03)
	(Add)/Less:(i) Finance cost	39.15	31.61	44.31	109.86	134.71	172.56
	(ii) Other un-allocable expense net of un-allocable income	0.00	0.00	0.00	0.00	0.00	0.00
	Profit/ (Loss) before tax	50.00	139.29	(294.79)	292.42	(264.19)	(333.59)
	3 Segment Assets
	(a) PCB	3,202.63	3,027.06	3,875.21	3,202.63	3,875.21	3,273.98
	(b) Brand Licensing Fee	295.00	295.00	16.28	295.00	16.28	66.28
	(c) Unallocated	33,590.93	33,442.77	31,690.69	33,590.93	31,690.69	33,268.89
	Total segment assets	37,088.57	36,764.83	35,582.18	37,088.57	35,582.18	36,609.15
	4 Segment Liabilities
	(a) PCB	621.91	535.33	634.22	621.91	634.22	814.32
	(b) Brand Licensing Fee	45.00	45.00	0.00	45.00	0.00	16.28
	(c) Unallocated	19,498.32	19,331.00	19,872.97	19,498.32	19,872.97	19,233.00
	Total segment liabilities	20,165.23	19,911.33	20,507.19	20,165.23	20,507.19	20,063.60

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 14th February 2023.
1. 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.
1. The format for audited quarterly / yearly 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.
1. The estimated amount of contingent liabilities as on December 31st 2022 is Rs. 175.11 Crores.
1. Preference Shares issued by the company have become due as per the terms on which they were issued and have not yet been redeemed. Pursuant to the provisions of Section 55 of the Companies Act, 2013, Preference Shares can be redeemed only out of profits that are otherwise available for dividend. The Company doesn't have sufficient accumulated profit for distribution as dividend.
1. Company has started making monthly contributions to Gratuity trust fund account based on the fund availability. Company is hopeful of making the Gratuity trust fund updated in the near future.
1. 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 favorable order on merit; hence, no provision is made in the books of accounts for the claim.
1. 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

Ajit G Nambiar (Chairman & Managing Director)

Place: BangaloreDate: 14th February, 2023

BPL Limited. Balance Sheet as at 31 December 2022 CIN - L28997KL1963PLC002015

				(INR Lakhs)
	Particulars	Note No	Dec 31, 2022	Mar 31, 2022
	1	2	3	4
	ASSETS
(1)	Non-Current Assets
a	Property, Plant and Equipment	1	1,928.66	1,905.75
b	Capital Work-in-progress	2	74.67	-
b	Investment property	3	203.57	208.41
c	Other Intangible Assets	4	4.73	1.83
d	Financial Assets
	(i) Investments	5	17,484.52	17,484.52
	(ii) Other financial assets
e	Deferred Tax Assets (Net)	6	3,489.78	3,489.78
f	Other non-current assets	7	254.85	274.47

(2)	Current assets
a	Inventories	8	496.89	582.10
b	Financial Assets
	(i) Trade Receivables	9	1,572.84	1,305.40
	(ii) Cash and Cash Equivalents	10	75.94	46.65
	(iii) Bank Balances other than (ii) above	11	60.13	15.13
	(iv) Other Financial Assets	12	10,307.89	10,279.52
c	Current Tax Assets (Net)	13	811.57	763.37
d	Other Current Assets	14	322.52	252.22

	Total Assets		37,088.57	36,609.15

	EQUITY AND LIABILITIES
3	EQUITY
a	Equity share capital	15	4,897.67	4,890.69
b	Other equity	16	12,025.67	11,654.86
4	LIABILITIES
	Non-current liabilities
a	Financial liabilities
b	Provisions	17	158.76	212.62
	Current liabilities
a	Financial Liabilities
	(i) Borrowings	18	978.93	1,042.74
	(ii) Trade Payables:-	19
	(A) total outstanding dues of micro enterprises and small enterprises; and		32.70	4.90
	(B) total outstanding dues of creditors other than micro enterprises and small enterprises		555.95	442.09
	iii) Other financial liabilities	20	17,964.05	17,980.32
b	Other current liabilities	21	461.41	367.34
c	Provisions	22	13.43	13.60
				36,609.15
	Total Equity and Liabilities		37,088.57
	Contingent Liabilities and Commitments	23	17,510.70	17,382.28

BPL Limited. Statement of Profit and Loss for the period ended 31 December 2022 CIN - L28997KL1963PLC002015

				(INR Lakhs)
	Particulars	Note	Dec 31, 2022	Mar 31, 2022
	Revenue from operations (gross)
I	Revenue from Operations	24	3,687.74	3,819.62
II	Other Income	25	78.39	1,098.43
III	Total Income (I+II)		3,766.13	4,918.05
	IV Expenses
	Cost of Material Consumed	26	2,111.76	2,650.88
	Purchase of Stock in trade	27	16.45	24.37
	Changes in Inventories of finished goods, Stock in trade and work in-progress	28	(25.27)	(9.67)
	Employee Benefit Expenses	29	535.76	729.83
	Finance Costs	30	109.86	174.25
	Depreciation and Amortisation Expenses	31	146.10	167.36
	Other Expenses	32	500.66	416.18
	Total Expenses (IV)		3,395.33	4,153.20

V	Profit/ (Loss) Before Exceptional Items and Tax (I-IV)		370.80	764.85
VI	Exceptional Items		-
	VII Profit/ (Loss) Before Exceptional Items and Tax (V-VI)		370.80	764.85
	Tax Expense :
VIII	(1) Current Tax (MAT)		-	122.11
	(2) MAT Credit Availed		-	(122.11)
	(3) Deferred Tax		-	(530.10)
			-	(530.10)
	IX Profit/ (Loss) after tax for the period from continuing operations (VlI-VlII)		370.80	1,294.95
X	Profit/(loss) from discontinued operations		-
XI	Tax expense of discontinued operations		-
	XII Profit/(loss) from Discontinued operations (after tax) (X-XI)		-
	XIII Profit/(loss) for the period (IX+XII)		370.80	1,294.95
	Other Comprehensive Income
	A.(i) Items that will not be reclassified to profit or loss			357.58
	(ii) Gain / (Loss) on defined benefit obligations			(5.61)
XIV	(iii) Income tax relating to Items that will not be reclassified to profit or loss
	B. (i) items that will be classified to profit or loss
	(ii) Income tax relating to Items that will be reclassified to profit or loss
	XV Total Comprehensive Income for the period (XIII+XIV)Comprising Profit (Loss)
	and Other.comprehensive Income for the period )		370.80	1,646.92
	Earnings per equity share (for continuing operation):
XVI	(1) Basic		0.76	3.37
	(2) Diluted		0.76	3.37

Name of the Company	BPL Limited.
Notes to Accounts as on	Dec 31, 2022

NOTE 1 - PROPERTY PLANT AND EQUIPMENT

I. Gross Carrying Amount (INR Lakhs) Description of Assets Land Bulidings Plant and machinery Computer Equipment Furnitures & Fixtures Vehicles Others Total Balance as at 1 April 2022 99.34 682.40 2584.37 914.10 1649.37 381.79 6311.36 Additions 113.31 54.67 0.68 168.66 Disposals/Transfers 23.74 23.74 Balance as at 31 Decemebr 2022 99.34 795.71 2615.30 914.77 1649.37 381.79 0.00 6456.28 II. Accumulated depreciation and impairment (INR Lakhs) Description of Assets Land Bulidings Plant and machinery Computer Equipment Furnitures & Fixtures Vehicles Others Total Balance as at 1 April 2022 - 542.14 974.81 909.10 1,616.95 362.60 - 4,405.61 Depreciation expense for the year 19.24 115.84 1.70 0.23 5.05 142.06 Eliminated on disposal of assets 20.05 20.05 Balance as at 31 Decemebr 2022 - 561.38 1,070.61 910.80 1,617.18 367.65 - 4,527.62 III. Net carrying amount as of 31 Decemebr 2022 (I-II) 99.34 234.33 1,544.69 3.98 32.19 14.14 - 1,928.66 I. Gross Carrying Amount (INR Lakhs) Description of Assets Land Bulidings Plant and machinery Computer Equipment Furnitures & Fixtures Vehicles Others Total Balance as at 1 April 2021 99.34 682.40 2,574.68 913.65 1,649.37 381.79 - 6,301.22 Additions 22.50 0.45 22.95 Disposals/Transfers 12.81 12.81 Balance as at 31 March 2022 99.34 682.40 2,584.37 914.10 1,649.37 381.79 - 6,311.36 II. Accumulated depreciation and impairment (INR Lakhs) Description of Assets Land Bulidings Plant and machinery Computer Equipment Furnitures & Fixtures Vehicles Others Total Balance as at 1 April 2021 - 512.44 863.86 906.46 1,616.67 357.88 - 4,257.31 Depreciation expense for the year 29.70 123.13 2.63 0.29 4.72 - 160.47 Eliminated on disposal of assets 12.17 12.17

Balance as at 31 March 2022 - 529.97 986.98 909.10 1,616.95 362.60 - 4,405.61 III. Net carrying amount as of 31 March 2022(I-II) 99.34 152.42 1,597.39 5.00 32.42 19.19 - 1,905.75

NOTE 2 - CAPITAL WRK-IN-PROGRESS

		(INR Lakhs)
Particulars	Dec 31, 2022	Mar 31, 2022
Capital Work-in-progress	74.67
Total	74.67	-

NOTE 3 -INVESTMENT PROPERTY

	(INR Lakhs)
Particulars	INVESTMENT PROPERTY
I. Gross Carrying Amount
Balance as at 1 April 2022	395.45
Additions
Disposals
Balance as at 31 December 2022	395.45

II. Accumulated Depreciation
Balance as at 1 April 2022	187.03
Depreciation expense for the year	4.85
Eliminated on disposal of assets
Balance as at 31 December 2022	191.88
III. Net carrying amount as of 31 December 2022 (I
II)	203.57

Particulars	INVESTMENT PROPERTY
I. Gross Carrying Amount
Balance as at 1 April 2021	395.45
Additions
Disposals
Balance as at 31 March 2022	395.45

II. Accumulated Depreciation
Balance as at 1 April 2022	180.57
Depreciation expense for the year	6.46
Eliminated on disposal of assets
Balance as at 31 March 2022	187.04
III. Net carrying amount as of 31 March 2022 (I-II)	208.41

Information regarding income and expenditure of Investment property

		(INR Lakhs)
Particulars	Dec 31, 2022	Mar 31, 2022

Rental income derived from investment properties	35.04	44.85
Direct operating expenses (including repairs and maintenance)	-0.44	-0.41
Direct operating expenses (including repairs and maintenance) that did not generate rental	-	-
Profit arising from investment properties before depreciation and indirect expenses	34.60	44.44
Less – Depreciation	-4.85	-6.46
Profit arising from investment properties before indirect expenses	29.75	37.98

The Company's investment properties refers to its factory building situated at Palakkad and Residential Flat at Bangalore

Reconciliation of fair value: As at 31 March 2022 and 31 March 2021, the fair values of the properties are Rs. 1543 lakhs and Rs 100 lakhs respectively. These

	Investment Properties		(INR Lakhs)
	Palakkad Property	Bangalore Flat	Total
Opening balance as at 1 April 2020	1,543.00	100.00	1,643.00
Fair value difference	-	-	-
Purchases	-	-	-
Closing balance as at 31 March 2021	1,543.00	100.00	1,643.00
Fair value difference	-	-	-
Purchases	-	-	-
Closing balance as at 31 March 2022	1,543.00	100.00	1,643.00

NOTE 4 - OTHER INTANGIBLE ASSETS (INR Lakhs)

I. Gross Carrying Amount		Other Intangible Assets
Description of Assets	Computersoftware	DevelopmentExpenditure	Total
Balance as at 1 April 2022	4.55	1,323.61	1,328.16
Additions	2.10		2.10
Disposals			-
Others			-
Balance as at 31 December 2022	6.65	1,323.61	1,330.26

II. Accumulated amortisation andimpairment		Other Intangible Assets
Description of Assets	Computersoftware	DevelopmentExpenditure	Total

Balance as at 1 April 2022	2.79	1,323.54	1,326.33
Amortisation expense for the year	0.37		0.37
Eliminated on disposal of assets	1.17		1.17
Balance as at 31 December 2022	1.98	1,323.54	1,325.52
III. Net carrying amount as of 31
December 2022 (I-II)	4.67	0.07	4.73

I. Gross Carrying Amount		Other Intangible Assets
Description of Assets	Computersoftware	DevelopmentExpenditure	Total
Balance as at 1 April 2021	4.55	1,323.61	1,328.16
Additions
Disposals
Others
Balance as at 31 March 2022	4.55	1,323.61	1,328.16

II. Accumulated amortisation andimpairment		Other Intangible Assets
Description of Assets	Computersoftware	DevelopmentExpenditure	Total
Balance as at 1 April 2021	2.36	1,323.54	1,325.90
Amortisation expense for the year	0.42		0.42
Eliminated on disposal of assets
Others [describe]
Balance as at 31 March 2022	2.79	1,323.54	1,326.33
III. Net carrying amount as of 31March 2022 (I-II)	1.76	0.07	1.83

NOTE 5 - INVESTMENTS

						(INR Lakhs)
		Dec 31, 2022			Mar 31, 2022
Particulars	No of shares	Face value	Rs	No of shares	Face value	Rs
Unquoted investments
-Invesment in other entities
- BS Appliances Limited	81,000	10.00	8.10	81,000	10.00	8.10
- BPL Engineering Limited	3,34,000	10.00	33.40	3,34,000	10.00	33.40
-Investment in Subsidaries
- Bharat Energy Ventures	11,54,00,000	10.00	11,540.00	11,54,00,000	10.00	11,540.00
Investments at Fair Value Through Other Comprehensive Income
-Investment in equity instruments
-BPL Medical Technologies Pvt
Ltd.	2,10,50,000	10.00	5,944.52	2,10,50,000	10.00	5,944.52
Less: Allowance for dimunition in value of
investment	4,15,000	10.00	-41.50	4,15,000	10.00	-41.50

Unquoted Investments

Aggregate amount of unquoted investments	13,68,65,000	10.00	17,526.02	13,68,65,000	10.00	17,526.02
Aggregate amount of impairment in

value of investments 4,15,000 10.00 -41.50 4,15,000 10.00 -41.50

NOTE 6 - DEFERRED TAX ASSETS (NET)

		(INR Lakhs)
Particulars	Dec 31, 2022	Mar 31, 2022
Deferred Tax Assets	3,367.67	2,837.56
Add/Less: Origination and reversal of temporary differences	-	530.10
MAT Credit	122.11	122.11
Total	3,489.78	3,489.78

NOTE 7 - OTHER NON CURRENT ASSETS

		(INR Lakhs)
Particulars	Dec 31, 2022	Mar 31, 2022
Unsecured, Considerd good
Deposits with the government authority	254.85	274.47
Total	254.85	274.47

NOTE 8 - INVENTORIES

		(INR Lakhs)
Particulars	Dec 31, 2022	Mar 31, 2022
Raw materials and components	320.39	401.55
Work in progress	97.51	71.53
Finished goods	22.02	45.27
Stock in trade	25.78	34.43
Stores and spares	31.19	29.32
Total	496.89	582.10

NOTE 9 - TRADE RECEIVABLE

		(INR Lakhs)
Particulars	Dec 31, 2022	Mar 31, 2022
(a) Trade Receivables considered good - Secured;
(b) Trade Receivables considered good - Unsecured;	1,750.78	1,483.33
(c) Trade Receivables which have significant increase in
Credit Risk; and
(d) Trade Receivables - credit impaired.	-177.94	-177.94
Total	1,572.84	1,305.40

NOTE 10 - CASH AND CASH EQUIVALENTS

		(INR Lakhs)
Particulars	Dec 31, 2022	Mar 31, 2022
Cash on hand	-	-
Balances with banks
- In current accounts	28.35	26.79
- In deposit accounts	47.59	19.86
Cash and cash equivalents
Total	75.94	46.65

NOTE 11 - BANK BALANCES OTHER THAN CASH AND CASH EQUIVALENTS ABOVE

		(INR Lakhs)
Particulars	Dec 31, 2022	Mar 31, 2022
Balances with banks
In deposit accounts	60.13	15.13
Total	60.13	15.13

NOTE 12 -OTHER FINANCIAL ASSETS

		(INR Lakhs)
Particulars	Dec 31, 2022	Mar 31, 2022
Advances to Others	10,307.89	10,279.52
Total	10,307.89	10,279.52

NOTE 13 - CURRENT TAX ASSETS (NET)

		(INR Lakhs)
Particulars	Dec 31, 2022	Mar 31, 2022
TDS and advance tax	811.57	763.37
Total	811.57	763.37

NOTE 14 - OTHER CURRENT ASSETS

		(INR Lakhs)
Particulars	Dec 31, 2022	Mar 31, 2022
Security Deposits	192.27	193.27
Balance with GST and state authorities	121.78	56.30
Advances to Employees	0.92	1.36
Claims receivable	5.62	1.29
Prepaid Expenses	1.93
Total	322.52	252.22

NOTE 15 - EQUITY SHARE CAPITAL

				(INR Lakhs)
Particulars	Dec 31, 2022			Mar 31, 2022
	No of Shares	Amount	No of Shares	Amount
Authorised Capital
5,50,00,000 (as at March 31, 2022 - 5,50,00,000 )	5,50,00,000	5,500.00	5,50,00,000	5,500.00
Equity shares of Rs. 10 each
Issued, subscribed and fully paid up
4,89,75,751 (as at March 31, 2022 - 4,89,05,903)	4,89,75,751	4,897.58	4,89,05,903	4,890.59
Equity shares of Rs. 10 each
Forfeited Shares		0.10		0.10
Total		4,897.67		4,890.69

(i) Reconciliation of the number of shares and amount outstanding at the beginning and at the end of the reporting year:

	Dec 31, 2022			Mar 31, 2022
Particulars	No of Shares	Amount	No of Shares	Amount
Number of shares outstanding as at the beginning of the year	4,89,05,903	4,890.59	4,88,84,818	4,888.48
Number of shares exercised during the period	69,848	6.98	21,085	2.11
Total	4,89,75,751	4,897.58	4,89,05,903.00	4,890.59

(ii) Details of shareholders holding more than 5% equity shares in the Company:

	Dec 31, 2022			Mar 31, 2022
Name of Shareholder	No. of Shares held% of Holding		No. of Shares held	% of Holding

Electro Investment Pvt Ltd	2,31,02,544	47.17%	2,31,02,544	47.24%
Merino Finance Private Limited	30,77,500	6.28%	30,77,500	6.29%

(iii) Shares options granted under the Company's employee share option plan

	Dec 31, 2022	Mar 31, 2022
	Share option	Share option
Particulars	Outstanding( In Nos)	Outstanding( In
	Amount	Nos)
		Amount
Outstanding at the beginning
Granted/adjustment	69,848.00	2,09,054.00
Forfeited		-21,085.00
Expired
exercised during the period	69,848.00	1,87,969.00
Exercisable at the end year	69,848.00	1,87,969.00

Shareholding of Promoters as under:

	Shares held by promoters			% Change during the
S. No	Promoter name	No. of Shares**	%of total shares	period
1	TPG Nambiar	11,05,750	2.26%	-
2	Thankam Nambiar	20,000	0.04%	-
3	Ajit G Nambiar	80,000	0.16%	-
4	Anju Chandrasekhar	74,600	0.15%	-
5	Meena Nambiar	3,000	0.01%	-
6	Dynamic ElectronicsPrivate Limited	5,900	0.01%	-
7	Electro InvestmentPrivate Limited	2,31,02,544	47.17%	-
8	ER Computers PrivateLimited	15,09,000	3.08%	-
9	Nambiar InternationalInvestment CompanyPrivate Limited	14,32,248	2.92%	-
10	Namfil Finance CompanyPrivate Limited	5,06,250	1.03%	-
11	Merino Finance PrivateLimited	30,77,500	6.28%	-
Total		3,09,16,792

Note 16 - OTHER EQUITY

		(INR Lakhs)
Particulars	Dec 31, 2022	Mar 31, 2022
Reserves and Surplus #
- Capital Reserves	0.50	0.50
- Capital Redemption Reserve	5,333.00	5,333.00
- Share Premium	9.63	2.24
- ESOP Outstanding Account	0.00	19.92
- Employee Compensation Expense
- Retained earnings	2,848.72	2,465.40
- Fair Valuation of Investments	3,839.42	3,839.42
Acturial Gain/(Loss) on Employee Benefits	-5.61	-5.61
Exchange differences on translating the financial statements
of a foreign operation
Total	12,025.67	11,654.86

NOTE 17 - PROVISION

		(INR Lakhs)
Particulars	Dec 31, 2022	Mar 31, 2022
Gratuity	158.76	207.01
Superannuation	-
Acturial Gain/(Loss) on Employee Benefits	-	5.61
Total	158.76	212.62

NOTE 18 - BORROWING

		(INR Lakhs)
Particulars	Dec 31, 2022	Mar 31, 2022
Secured

(a) Demand loans
(I) from banks	978.93	1,042.74
Total	978.93	1,042.74

NOTE 19- TRADE PAYABLE

		(INR Lakhs)
Particulars	Dec 31, 2022	Mar 31, 2022
(A) total outstanding dues of micro enterprises and small
enterprises	32.70	4.90
(B) total outstanding dues of creditors other than micro
enterprises and small enterprises	555.95	442.09
Total	588.65	446.99

NOTE 20 - OTHER CURRENT FINANCIAL LIABILITIES

		(INR Lakhs)
Particulars	Dec 31, 2022	Mar 31, 2022
(a) Employees- Salaries & Benefits	53.95	57.16
(b) Redeemable Preference Shares	16,958.68	16,958.68
(c) Others- Outstanding Expenses	616.49	624.55
(d) Others- Loans from related parties.	334.92	339.92
Total	17,964.05	17,980.32

NOTE 21 - OTHER CURRENT LIABILITIES

		(INR Lakhs)
Particulars	Dec 31, 2022	Mar 31, 2022
(a) others - Trade Deposit & Advances	60.79	77.46
(b) others -Payable to GST and Custom authorities	400.63	289.88
Total	461.41	367.34

NOTE 22 - PROVISION

		(INR Lakhs)
Particulars	Dec 31, 2022	Mar 31, 2022
Provision for Gratuity	13.43	13.43
Provision for preference dividend	-	0.17
Total	13.43	13.60

NOTE 23 - CONTINGENT LIABILITIES AND COMMITMENTS (INR Lakhs)

Particulars	Dec 31, 2022	Mar 31, 2022
CONTIGENT LIABILITIES
(a) Claims against the Company not acknowledged as debt
- Central Excise	382.50	382.50
- Customs	660.95	660.95
- Service Tax	98.48	98.48
- Sales Tax	2,890.12	2,890.12
- Guarantees	2,042.88	2,042.88
- FEMA	190.00	190.00
- Others	2,203.77	2,203.77
- Income Tax	8,762.00	8,762.00

(b) Guarantees
- LC/BG Outstanding	280.00	151.58
Total	17,510.70	17,382.28

NOTE 24 - REVENUE FROM OPERATION

		(INR Lakhs)
Particulars	Dec 31, 2022	Mar 31, 2022
Sale of products (Manufactured + Traded)	2,936.74	3,754.85
Brand Licensing Fee	750.00	61.97
Labour Charges Received	5.35	6.54
Less: Discount/ Rebate	-4.35	-3.74
Total	3,687.74	3,819.62

NOTE 25 - OTHER INCOME

		(INR Lakhs)
Particulars	Dec 31, 2022	Mar 31, 2022
Interest Income	1.29	5.83
Dividend Income; and	-	1,031.45
Rental Income	35.04	44.85
Gain on sale of Property, Plant & Equipment	10.39	-0.60
Freight	4.79	5.32
Other non-operating income	26.89	11.58
Total	78.39	1,098.43

NOTE 26 - COST OF MATERIALS CONSUMED

		(INR Lakhs)
Particulars	Dec 31, 2022	Mar 31, 2022
Raw materials and components consumed:
Opening stock	430.87	434.52
Add: Purchase of raw materials and components	1,866.43	2,497.83
Add: Power Charges	123.16	136.14
Add: Fuel & Water Charges	11.69	13.26
Less: Closing stock	-320.39	-430.87
Net consumption	2,111.76	2,650.88
Total	2,111.76	2,650.88

NOTE 27 -PURCHASE OF STOCK IN TRADE

		(INR Lakhs)
Particulars	Dec 31, 2022	Mar 31, 2022
Purchase of stock in trade	16.45	24.37
Total	16.45	24.37

NOTE 28 - CHANGES IN INVENTORY OF FINISHED GOODS, STOCK-IN-TRADE AND WORK-IN-PROGRESS

		(INR Lakhs)
Particulars	Dec 31, 2022	Mar 31, 2022
(a) Opening stock
- Finished Goods.	79.70	74.48
- Work in progress	71.53	67.08
(b) Closing stock
- Work in progress	97.51	34.43
- Tools	31.19	-
- Finished Goods.	22.02	45.27
- Stock in trade	25.78	71.53
Total	-25.27	-9.67

NOTE 29 - EMPLOYEE BENEFIT EXPENSES

		(INR Lakhs)
Particulars	Dec 31, 2022	Mar 31, 2022
Salaries and wages	405.12	508.71
ESOP Expenses	-	22.16
Contribution to Provident fund	42.63	40.87
Contribution to State Insurance	2.24	2.59
Gratuity Expenses	-	27.72
Directors' Remuneration	60.25	99.67
Staff welfare expense	25.51	28.12
Total	535.76	729.83

NOTE 30 - FINANCE COSTS

		(INR Lakhs)
Particulars	Dec 31, 2022	Mar 31, 2022
Interest Cost	85.17	131.93
Bank Charges	21.58	21.52
Interest - Others	3.11	20.80
Total	109.86	174.25

NOTE 31 - DEPRECIATION AND AMORTISATION EXPENSES

		(INR Lakhs)
Particulars	Dec 31, 2022	Mar 31, 2022
Depreciation	146.10	167.36
Total	146.10	167.36

NOTE 32 - OTHER EXPENSES

		(INR Lakhs)
Particulars	Dec 31, 2022	Mar 31, 2022
Payment to Auditors*	5.25	6.00
Repairs & Maintenance
- Building	59.32
- Plant and Machinery	3.32	4.89
- Office Maintenance	33.33	48.63
- Other	8.28
Rates & Taxes	25.83	19.39
Bad Debts	-	2.74
Advances Written Off	-	13.69
Travel expenses	27.23	23.91
Conveyance Expenses	16.71	22.14
Legal & Professional charges	210.35	144.88
Directors Sitting Fees	10.05	7.75
Selling Expenses	6.29	22.58
Insurance Expenses	13.34	18.69
Transport and warehousing expenses (Freight Charges)	27.55	37.28
Communication expenses	10.41	9.56
Loss on sale of Property, Plant & Equipment	2.42	-
Rent	31.77	29.53
Advertising & Promotion Expenses	3.76	2.56
Printing & Stationary	1.17	1.56
Testing Charges	0.72	0.07
Miscellaneous Expenses	3.55	0.31
Total	500.66	416.18

Payment to Auditor

Particulars	Dec 31, 2022	Mar 31, 2022
a) As Statutory Audit
- Audit fee	4.50	6.00
- Other certifications	-
b)Tax audit fees	0.75
c) Out of pocket expenses
Total	5.25	6.00

MKUK & 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 'Company") for the period ended December 31, 2022, together with the relevant notes thereon (the 'Statement'), The Statement has been prepared by the Company pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the "Listing Regulations, 2015c) read with SEBI circular dated July 5, 2016.

This statement is the responsibility of the Company's Management and has been approved by the Board of Directors and has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under section 133 of the Companies Act, 2013 read with relevant rules issued there under and other accounting principles generally accepted in India. Our responsibility is to issue a report on these financial statements based on our review.

We conducted our review in accordance with the Standard on Review Engagements (SRE) 2410, "Engagements to review financial statements" 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 analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

Based on our review conducted as above, nothing has come to our attention that causes us to believe that the Statement has not been prepared in all material respects in accordance with Ind AS and other recognized accounting practices and policies, and has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure requirements) Regulations, 2015 read with SEBI circular dated July 5, 2016 including the manner in which it is to be disclosed, or that it contains any material misstatement, except for impact (if any), of matters mentioned in note nos: 5, 6 & 7 of notes accompanying unaudited financial results.

For MKUK & ASSOCIATES Chartered Accountants $0.$ ASSO (FRN: 050113S) $Br$ KUMAR UKN MANO EDACC (M NO:091730) PARTNER

Place: Bangalore Date: 14.02.2023

UDIN NO: 23091730BGZHKX1226

BPL Limited. Regd.Office: BPL Works, Palakkad - 678 007, Kerala. CIN - L28997KL1963PLC002015 E-mail:[email protected], URL:www.bpllimited.com, Tel: No.+91 80 25589109 Statement of Consolidated Unaudited Financial Results for the Quarter and Nine months ended 31st December 2022

					(Rupees in Lakhs)
Sl. nos		For the Quarter ended		For the Nine	For the year
				months ended	ended
		31-12-2022	30-09-2022	31-12-2022	31-03-2022
	Particulars	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
I	REVENUE
	Revenue from operations	1,287.75	1,186.15	3,687.74	3,820.75
II	Other Income	22.04	39.17	84.60	1,098.44
III	Total Income (I+II)	1,309.79	1,225.33	3,772.34	4,919.18
IV	EXPENSES
	Cost of material consumed	727.73	697.51	2,111.76	2,650.88
	Purchases of Stock-in-Trade	0.00	8.73	16.45	24.37
	Changes in inventories of finished goods, Stock-in -Trade and
	work-in-progress	8.09	(65.29)	(25.27)	(9.67)
	Employee benefits expense	183.68	183.95	535.76	729.83
	Finance costs	39.15	31.62	109.86	172.56
	Depreciation and amortization expense	50.02	54.66	146.10	167.36
	Other expenses	234.74	143.30	520.56	419.00
	Total Expenses	1,243.40	1,054.49	3,415.23	4,154.34
V	Profit/(loss) before exceptional items and tax (III- IV)	66.39	170.83	357.12	764.85
VI	Profit/(loss) before tax	66.39	170.83	357.12	764.85
VII	Tax Expense:
	(1) Current Tax	0.00	0.00	0.00	122.11
	(2) MAT Credit Availed	0.00	0.00	0.00	(122.11)
	(3) Deferred Tax	0.00	0.00	0.00	(530.10)
VIII	Profit (Loss) for the period from continuing operations (VI-VII)
		66.39	170.83	357.12	1,294.95
IX	Profit/(loss) for the period	66.39	170.83	357.12	1,294.95
X	Other Comprehensive Income
	(i ) Items that will not be reclassified to profit or loss	0.00	0.00	0.00	357.58
	(ii) Gains/(losses) on defined benefit obligations				(5.62)
XI	Total Comprehensive Income for the period (Comprising Profit
	(Loss) and Other Comprehensive Income for the period)
		66.39	170.83	357.12	1,646.91
XII	Paid-up equity share capital: (Face value Rs.10 each)	4,897.67	4,897.67	4,897.67	4,890.69
	Earnings per equity share (for continuing operation):
	(1) Basic	0.14	0.35	0.73	3.37
	(2) Diluted	0.14	0.35	0.73	3.37

Note: Financial information for the quarter ended 31st December 2021 (for the corresponding 3 months and 9 month ended for the previous year) is not provided as the consolidation happened during the quarter ended 31st March 2022.

BPL Limited.
Regd.Office: BPL Works, Palakkad - 678 007, Kerala. CIN - L28997KL1963PLC002015
Consolidated Segment Wise Revenue, Results, Assets And Liabilities for the peried ended 31st December 2022

					(Rs. in lakhs)
		For the Quarter ended		For the Nine	For the year
SI.	Particulars			months ended	ended
No		31-12-2022	30-09-2022	31-12-2022	31-03-2022
		(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
	I Segment Revenue
	(a) PCB	1,037.75	936.15	2,937.74	3,758.78
	(b) Brand Licensing Fee	250.00	250.00	750.00	61.97
	(c) Power Generation	-	-	-	-
	(d) Unallocated	-	-	-	-
	Total	1,287.75	1,186.15	3,687.74	3,820.75
	Less: Inter Segment Revenue	-	-	-	-
	Revenue from operations	1,287.75	1,186.15	3,687.74	3,820.75
	2 Segment Results
	(a) PCB	81.98	51.81	187.76	370.68
	(b) Brand Licensing Fee	7.17	119.09	214.52	(531.71)
	(c) Power Generation	(7.92)	(5.57)	(19.90)	-
	Total	81.24	165.33	382.38	(161.03)
	(Add)/Less:(i) Finance cost	39.15	31.62	109.86	172.56
	(ii) Other un-allocable expense net of un-allocable income	-	-	-	-
	Profit before tax	42.09	133.72	272.51	(333.59)
	3 Segment Assets
	(a) PCB	3,202.63	3,027.06	3,202.63	3,273.98
	(b) Brand Licensing Fee	295.00	295.00	295.00	66.28
	(c) Power Generation	32,076.83	32,076.85	32,076.83	32,075.98
	(d) Unallocated	18,537.55	18,389.39	18,537.55	18,215.40
	Total segment assets	54,112.01	53,788.29	54,112.01	53,631.64
	4 Segment Liabilities
	(a) PCB	621.91	535.33	621.91	814.32
	(b) Brand Licensing Fee	45.00	45.00	45.00	16.28
	(c) Power Generation	9,312.29	9,308.83	9,312.29	9,297.76
	(d) Unallocated	13,676.23	13,508.91	13,676.23	13,410.91
	Total segment liabilities	23,655.43	23,398.07	23,655.43	23,539.27

Note: Financial information for the quarter ended 31st December 2021 (for the corresponding 3 months ended and 9 months ended for the previous year) is not provided as the consolidation happened during the quarter ended 31st March 2022.

MKUK & ASSOCIATES CHARTERED ACCOUNTANTS

Limited Review Report

To the Board of Directors, BPL Limited.

We have reviewed the accompanying unaudited Consolidated financial results of BPL Limited (the 'Company") for the period ended December 31, 2022, together with the relevant notes thereon (the 'Statement'), The Statement has been prepared by the Company pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the "Listing Regulations, 2015') read with SEBI circular dated July 5, 2016.

Based on our review conducted as above, nothing has come to our attention that causes us to believe that the Statement has not been prepared in all material respects in accordance with Ind AS and other recognized accounting practices and policies, and has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure requirements) Regulations, 2015 read with SEBI circular dated July 5, 2016 including the manner in which it is to be disclosed, or that it contains any material misstatement, except for impact (if any), of matters mentioned in note nos: 5& 6 of notes accompanying unaudited financial results.

For MKUK & ASSOCIATES Chartered Accountants (FRN: 050113S) & ASSOC $B1$ MANOJ KUMAR UKN $(M\ NO:091730)$ ED ACG PARTNER

Place: Bangalore Date: 14.02.2023

UDIN NO: 23091730BGZHKY7818

3155/A, 2nd Floor, 11th Main, 2nd Stage, Indiranagar, Bengaluru - 560038 +9180 25251861

MKUK & ASSOCIATES CHARTERED ACCOUNTANTS

Limited Review Report

To the Board of Directors, BPL Limited.

For MKUK & ASSOCIATES Chartered Accountants $0.$ ASSO (FRN: 050113S) $Br$ KUMAR UKN MANO EDACC (M NO:091730) PARTNER

Place: Bangalore Date: 14.02.2023

UDIN NO: 23091730BGZHKX1226

BPL Limited. CIN - L28997KL1963PLC002015 Consolidated Balance Sheet as at December 31, 2022

				(Rupees in Lakhs)
	Particulars	Note No	Dec 31, 2022	Mar 31, 2022
	1	2	3	4
	ASSETS
(1)	Non-Current Assets
a	Property, Plant and Equipment	1	3,061.23	3,038.33
b	Capital Work-in-Progress	2	30,947.57	30,872.79
c	Investment property	3	203.57	208.41
d	Other Intangible Assets	4	4.73	1.83
e	Goodwill on consolidation		2,308.70	2,308.70
f	Financial assets
	(i) Investments	5	5,944.52	5,944.52
	(ii) Other financial assets
g	Deferred Tax Assets (Net)	6	3,489.78	3,489.78
h	Other non-current assets	7	321.53	341.16

(2)	Current assets
a	Inventories	8	496.89	582.10
b	Financial Assets
	(i) Trade Receivables	9	1,572.84	1,305.40
	(ii) Cash and Cash Equivalents	10	78.64	49.19

	(iii) Bank Balances other than (ii) above	11	60.13	15.13
	(iv) Other Financial Assets	12	4,486.55	4,458.12
c	Current Tax Assets (Net)	13	812.79	763.97
d	Other Current Assets	14	322.52	252.22

	Total Assets		54,112.01	53,631.64

	EQUITY AND LIABILITIES
3	EQUITY
a	Equity share capital	15	4,897.67	4,890.69
b	Other equity	16	12,080.69	11,718.57
c	Non-Controlling Interest	17	13,478.21	13,483.22
4	LIABILITIES
	Non-current liabilities
a	Financial liabilities
	(i) Borrowings	18	2,112.95	2,076.28
	(ii) Other financial liabilities
b	Provisions	19	158.76	212.62
	Current liabilities
a	Financial Liabilities
	(i) Borrowings	20	978.93	1,042.74
	(ii) Trade Payables:-	21
	(A) total outstanding dues of micro enterprises and small enterprises;
	and		32.70	4.90
	(B) total outstanding dues of creditors other than micro enterprises
	and small enterprises		1,870.19	1,774.54
	iii) Other financial liabilities	22	18,027.01	18,043.18
b	Other current liabilities	23	461.46	371.31
c	Provisions	24	13.43	13.60
	Total Equity and Liabilities		54,112.01	53,631.64
	Contingent Liabilities and Commitments	25	17,536.31	17,407.89