BPL Ltd. — Interim / Quarterly Report 2024

Nov 13, 2024

BPL Limited

Dynamic House, 64 Church Street Post Box No. 5194 Bengaluru - 560 001, India. Ph : +91-80-2532 7985, 2558 9109 E-mall : investor@bpLin / Wabsite : www.bpLin CIN : L28997KL1963PLC002015

13t November 2024 The Manager - Listing, The Manager - Listing Corporate Relationship 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 Scrip code - 500074 BPL

Sub: Qutcome of the Board Meeting held on 13th November 2024

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

• 118Considered, approved, and took on record the unaudited financial results of the company, both standalone and consolidated, for the quarter ended on 30" September 2024 along with Limited Review report by the statutory auditors on the same.
• 2Noting of sad demise of Mr. TP G Nambiar, Founder, Promoter and Ex- chairman of BPL Limited whose extraordinary contributions shaped the company. Mr. T P G Nambiar was appointed as Director of BPL Limited in 1963 and became Managing Director in 1965. He served the company as Managing Director over a period of 28 years before the position of executive chairman. He retired from active directorship in 2001.

The séid 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 11.15 AM and concluded at 4:30 PM

We request you to kindly take the above on records and acknowledge receipt thereof.

Thanking you,

Very truly yours,

airman & Managing Director Encl: a/a

BPL Limited CIN - L28997KL1963PLC002015 Balance Sheet as at 30th September 2024

	Parficulars	NoteNo		(INR Lakhs)
	1		Sep 30,2024	March 31, 2024
	ASSETS	2	3	4
(1)	[Non-Current Assets
4	Property, Plant and Equipment
b	Capjtal Work-in-progress	1	2.929.66	2343.37
b	Investment property	2	9.06	34729
¢	[Othér Intangible Assets	3	163.45	166.69
d	[Financial Assets	4	1267	1429
	(i] Investments
	(if) Long term Loans and Advances	5	23.967.92	23,967.92
e	[Deférred Tax Assets (Net)	6	3,134.89	3.134.89
£	Other non-current assets	7	3,146.97	2,840.88
		8	170.23	176,07
@)	Current asscts
@	Inventories
b	Financial Assets	9	729.62	48081
	(i) Trade Receivables
	(ii) Cash and Cash Equivalents	10	2466.11	2,13884
	(iif) Bank Balances other than (ii) above	11	589.49	597.72
	(iv) Other Financial Assets	12	25.88	32464
¢	[Current Tax Assets (Net)	13	5.822.08	5,822.08
d	Other Current Assets	14	630.27	73359
		15	2,744.70	1,574.38
	Total Assets		46,543.00
				44,663.46
	EQUITY AND LIABILITIES
3	[EQuiTY
a	Equity share capital	16	4,897.67
b	[Other equity	17		4389768
4	[LIABILITIES		21,807.59	20,055.73
	Non-current linbilities
a	Financial liabilities
b	[Provisions
	Current liabilities	18	90.71	1571
	a Financial Liabiliti
	(i) Borrowings
	(ii) Trade Payables:-	19	81459	856,86
	(A)total outstanding dues of micro enterprises and small enterprises; and	20
	() total outstanding dues of creditors other than micro enterpriscs and small enterprises		1425e	12.60s
	Other financial liabilitiesiii)
b	Other current liabilities	21	17,798.14	17,953.16
	¢ __ Provisions	22	33191	320.48
	Total Equity and Liabilities	23	384	401
	(Contingent Liabilities and Commitments		46,543.00	44,663.47
		24	10,380.18	12,685.78

BPL Limited CIN - L28997KL1963PLC002015 Statement of Profit and Loss for the period ended 30th September 2024

	Particulars			(INR Lakhs)
	Revenuc from operations (gross)	Note	Sep 30,2024	March 31, 2024
	1_ [Revenue from Operations
11	[Other Income'	25	4,03023	6.642.55
[T		26	94433	S18.08
1V	Total Income_(I+11) [Expenses		497456	7,160.63
	Cost of Material Consumed
	Purchase of Stock in trade	27	2.096.47	3,224.70
	(Changes in Inveniorics of finished goods,	28	-	-
	Stock in trade and Work in-progressEmployee Benefit Expenses	29	(103.87)	1072
	Finance Costs	30	54588	837,51
	Depreciation and AmortisationExpenses	31	5445	6523
	Other Expenses	32	107.65	19869
		33	522.12	113168
	'Total Expenses (IV)		3.222.70	546854
	V_IProfit/ (Loss) Before Exceptional Items and Tax (ITV)
VI	[Exceptional Items		175186	1,692.09
	VI [Profit/ (Loss)Before Exceptional Items and Tax (V-vi)		-
	'Tax Expensc :		175186	1,692.09
	vin (1) Current Tax (MAT)
	(2) MAT Credit Availed		306.09	22784
	(3) Deferred Tax		(306.09),	(227.84)
			-	34620
			-	34622
	1_ Profit/ (Loss) after tax for the period from confinuing operations (VIL-VIIT)		1,751.86	134587
	X_[Profit/(loss) from discontinued operations
	XI_ [Tax expense of discontinued operations		-	-
	XIL [Profit/(loss) from Discontinuedoperations (after tax) (X-XI)		-	-
	XU [Profit/(loss) for the period (IX-+X11)		-	=
	ther ComprehensiveIncome		1,751.86	1,345.87
	A.(i) Items that will not be reclassified to profit or loss
	(i6) Gain / (Loss) on defined bencfit obligations		-	:
B			-	11.56
	rcorte e relating (o Items that will not be reclassifiedto profit or loss
	B. (i) items that will be classified to profit or loss			%
	(i) Income tax relating to ltems		-	-
xv	that will be reclassified to profit or loss Total Comprehensive Income		-	-
	for the period (XIIH+XI V)Comprising Profit (Loss)and_Other.comprehensive Income for the period
	)Earnings per cquity share(for continuing operation):		1,751.86	1,357.43
	XVI (1) Basic
	(2) Diluted		358	277
			3.58	277

Limited
CIN- L28997KLI963PLCO02015
Statement of cashflows for the period ended 30th September 2024

[Particulars	Sep 30. 2024	(INR Lakhs)
Cash flow from operating activities:		March 31, 2024
Profit for the period
Adjustments to reconcile net profit to net cash pravided by operaing activities:	175186	1,692.09
Depreciation and Amortization
(Profit)/loss on sale / write ofF of assets	107.65	198.69
Finance cost	-	@36)
Interest income	5445	6523
Dividend income	(2.33)	(12.47)
Rental income	©15.68)	-
Non Cash adjustments	(2625)]	(49.91)
Changes in assets and liabilities	-	1156
Decrease / (Increase) in inventories
Decrease / (Increase) in trade receivables	(243.80)	(4134)
Decrease / (Increase)in financial and other assets,	(327.27)	(751.08)
(Decrease) / Increase i trade payable	(1,367.25)	(6659)
(Deerease) /Increase in financial, other liabilities and provisions	23869	(69.07)
Cash generated from operations	(68.76)	(22388)
Income taxes paid	(803.69)	75037
Net cash generated by operating activities
Cash flow from investing activities:	(803.69)	75037
Purchase of property, plant and equipment, intangible assets (Net)
Proceeds from sale of property, plant and equipment	(350,84)	(©79.18)
Deposits made with / withdrawn from bank accounts	-	-
Interest received	29876	(25278)
Dividend received	233	1247
Rental Income	915,68	o
Net cash (used in) / from investing activities	2625	4991
Cash flow from financing activities:	892,17	(869.58)
Shares issued on excreise of employee stock options
Payment of dividends	-	-
Finance cost paid	-	©17)
Borrowings made / repaid during the year	(54.45)	(6523)
Dividend paid	(42.26)	69872
Net eash used in financing activities
Netincrease / (decrease) in cash and cash equivalents	©96.71)	63332
Cash and cash equivalents at the begining of the year	(322)	1411
Cash and cash equivalents at the end of the period	597.72589.49	8361597.72

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 30 September, 2024, 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 March 29, 2019.

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, "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.

Areview 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 March 29, 2019 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 No. 6 of notes accompanying unaudited financial results.

For MKUK & ASSOCIATES Chartered Accountants (FRN: 050113S) MA! MAR UKN ( :091730) PARTNER

Place: Bangalore

Date: i3 Nov 2024 UDIN NO: 24091730BKHIWQ2910

BPL Limited. Regd.Office: BPL Works, Palakkad - 678 007, Kerala. CIN - L28997KL1963PLC002015 E-m s URLiwww.bpllimited.com, Statement Tel: No.+91 80 25589109 of Standalone Unaudited Financial Results for Quarter cnd ang halt vear ended 30 Sep 2024

		ForQuarter Ended			For six month Ended
	Particulars	30-06-2024	30-09-2023	30-09-2024		For the year ended
	REVENUE	(Unaudited)	(Unaudited)	(Unaudited)	30-09-2023(Unudited)	31-03-2024
	[Revenue from operations					(Audited)
	[Other Tncome (nety	1938.70)	2.149.01	403023	359441	664255,
	[Total Income (1+11)	93877]	19.56]	94433	3282	518,08
	EXPENSES	2.877.47)	2,168.57]	4.974.56]	3,627.23)	7,160.63
	Cost of material consumed
	Purchases of Stock-n-Trade.	107273	77491	2,096.47	1,539.70
	Inges in inventories of fmshed goods.	0.00	0.00]	0.00)	0.00	3.22470]
	Stock-in -Trade and work-in-progress					0.00)
	Employee benelis cxpense	(9276)	(04)	(103.87)	034	10.72
	[Finance costs	30146	15353,	545.88	39975	83751
	Depreciation and amortization expense	2	13.69	54.45]	31.70)	6523
	Otherexpenses	53.25	48.26	107.65)	95.41
	[Total Fxpenses	17428	22512	S212	344,99	198.69]113168
	Profit/(loss) before exceptional tems	1,534.49	1,212.46]	3222.70)	2,411.89)	546854
	and tax (- V)Profit(loss) before tax	1,342.98]	956.11	1,751.86	1,21535]	1,692,091
		1,342.98	956.11	1,751.86	121535	1,692.09)
	[ Tax Expense: (1) Current Tax
	(2) MAT Credit Availed	234,65	158.78	306.09	21235	22734
	3) Deferred Tax	(234.65)	(158.78)	(306.09)	@1235)]
	Profit (Loss) for the period from	-	=	0.00)	-	(227.84)
	continuing operations (V1-VIl)	1,342.98				34622
	Profit(loss) for the period	1342.98	956.11	1,751.86	121535	134587
	[Other Comprehensive Income		956.11	1,751.86	1,215.35]	1,345.87
	(#) Items that will not be reclassified10 profit or loss
	() Gains/(Tosses) on defmed bencit	2	2	2	2	i
	obligationsTotal	L)	i
	Comprehensive Tncome for theperiod (Comprising Profit (Loss) andOther Comprehensive Income for theciach			-		11.56
1	Pad-up equity share capital(Face value Rs 10 cach)	134298	956.11	1,751.86	1.215.35	135743
	[Earnings per cquity share(for continuing operation)	4.897.67]	4.897.67]	4.897.67]	4.897.67]	489767,
	(1) Basic
		274	195	358	248
	(2) Diluted	274	1.95	3.58		27]]

Notes:

• 1l of The Diregtors above results at their have respective been reviewed by the Audit Committee and approved and taken on record by the Board meetings held on 8th Nov 2024 and 13th Nov 2024,
• notified The Financial under results the Companies
• for all the periods presented above have been prepared in accordance with Ind AS (Indian Accounting Standards) Rules, 2015 as amended from time to time. 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 Sth July
• The estimated amount of contingent liabilities as on Sep 30, 2024, is Rs. 103.80 Crores.
• High An unsecured Court of claimant had obtained an order against the Company from the Division Bench of the Honourable Petition against Delhi, the upholding the order of the single Bench and the order of the Sole Arbitrator. A Review pleadings on said order has been filed before the High Court, Delhi, The Company, based on the Hence, the above record and the opinion of the legal consultants, is hopeful of getting a favourable order on merits, has been disclosed under contingent liabilities and commitments,
• have Preference not|yet Shares been redeemed. issued by the company have become due as per the terms on which they were issued and Pursuant to the provisions of Section 55 of the Companies Act, 2013, Preference have sufficient accumulated profits for redemption of the said preference shares,
• The products| Company The Company has executed a brand license agreement for usage of * BPL™ brand for sale of consumer durable sales revenue. For the is entitled for a fee based on the actual amount on performance of the brand in terms of sales data provided period ended 30 Sep 2024 , the brand license fee was accounted based on the actual by RRL.
• Provision benefits for Deferred Taxation as per Ind AS-12 "Income Tax" provision for current Tax and employee 4s 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

Place: Bangalore Date : 13 Nov 2024

BPL Limited. Regd.Office: BPL Works, Palakkad - 678 007, Kerala. CIN - 1.28997KL1963PLC002015 Standalone Segment Wise Revenuc, Results, Asscts And Liabi ies for the period ended 30 Sep 2024

For the Quarter cnded Particulars For the six month Ended For the year ended| 3002024 [ 30062024 [ 30092023 | 30-09-2004 | 3009208 | 31033034 Segment Revenue (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unudited) (Audited) (pIRES (b) Brand Licensing Fec® 1.480.99 1.293.00 111493 2,773.98 231033 4.507.47] (Refer Note No. 7) 61055, 645.70 1,034.08 125625 1,284.08 2,135.08 (¢) Unallocated e0.00 915.68 0.00 915.68 0.00 0.00) 2,091.53 2.854.37) 2,149.01 4,945.90) 359441 6,642.55 Liess: Inter Segment Revenue 0.00 0.00) 0.00 0.00 0.00 0.00) Revenue from operations 2,091.53] 2.854.37 2.149.01 4.945.90) 359441 6.642.55 Segment Results (UEEE: 168.73 207.42) 161,11 37615 255.07, 774.24] (1) Brand Licensing Fee 269.08] 24541 821.96, 514.49) 991.98] 983.08 (q) Others upallocated Total 0.00 915.68] 0.00) 915.68 0.00) 0.00 43781 1.368.51 983.07 1.806.31 124705 1,757.32 (il) (AddyLessi() Other un-allocable Finanee expense cost 28.93) 25.52 13.69) 5445, 31.70 65.23) net of un-allocable income - - - - - - Segment Profit (Loss) Assets before tax 408.88 134298 969.38) 1.751.86, 121535 1,692.09) (a) PCB 484515 4.992.22 4.659.66] 4845.15 4.659.66 4.867.41 (Y Brand Licensing Fee 720.44] 761.94] 337.74 720.44) 33774 455.34 (<) Unallocated 40.977 40| 40.393.75| 30451.83| 40977.40] 39451.83 39.340.72 T9tal sement assets [Segment Liabilities 46,543.00/ 46,147.91] 4444923 46543.00) 4444923 44,663.47 e} PcB 747.59 831.38 1273.90 747.59 1.273.90 69795 (b) Brand Licensing Fee (G 109.90) 116.23 4199 109.90 41.99 7127, 18.980.25 1890392| 1832185 18.98025| 1832185 18.940.85 Tqtal segment liabilities 19.837.74) 19851.53) 19,637.74] 19.837.74] 19.637.74] 19,710.07

BPL Limited. CIN - L28997KL1963PLC002015 Consolidated Balance Sheet as at Sep 30, 2024

	Particulars			(INR in Lakhs)
		Note No	Sep 30, 2024	March 31, 2024
	1ASSETS	2	3	4
	Non-Current Assets
(1)
a	Property, Plant and EquipmentWork-in-Progress[Capital	1	4.057.97	3,471.69
b	Investment	2	30,829.63	31,167.81
¢	property	3	163.45	166.69
d	Intangible Assets Othér	4	12.67	14.29
e	Goodwillon consolidation		2,308.70	2,308.70
f	Finahcial Assets
	(i) [nvestments	&	12,427.92	12,427.92
	(i) Other financial assets	5A	3,134.89	3,134.89
g	DeferredTax Assets (Net)	6	3.145.64	2,840.88
h	non-current assets Other	7	236.92	24275
(2)	Current assets
a	Inventories	8	729.62	480.81
b	Financial Assets
	(i) Trade Receivables	)	2,466.11
	Cash and Cash Equivalents(i)	10	595.68	2,138.84
	Bank Balances other than (ii) above(iii)	11	25.88	605.20
	(iv) Other Financial Assets	12	033	324.64
¢	Current Tax Assets (Net)	13	634.76	0.38
	d_[OtherCurrent Assets	14	2,746.05	735.80
	Total Assets		63,516.21	1,574.38
	EOUITY AND LIABILITIES			61,635.68
3	EQUITY
a	Equity share capital
b	[Other equity	15	4,897.67	4,897.67
¢	[Non-Controlling Interest	16	21,788.05	20,051.82
	LIABILITIES	7	13,460.12	13,452.29
4	Non-current liabilities
	[Financial liabilities
2	s
		18	2,159.44	2,152.44
b	(ii) Other financial liabilities[Brovikions
	Current liabilities	19	90.71	15.71
a	Financial Liabilities
	(i) Barrowings	20	814.59
	(ii) Trade Payables:-			856.86
		21
	(A) total outstanding dues of micro enterprises and small		14.25	16.59
	(B) total outstanding dues of creditors other than micro		2,095.28	1,858.25
	iii) Other financial liabilitics	22	17,809.92	17,962.54
b	[ Other current liabilitis	23	382.32	367.49
¢	Provisions	24	3.84	4.01
	Total Equity and Liabilities		63,516.21	61,635.68
	Contingent Liabilities and Commitments	25	10,405.80	12,711.39

BPL Limited. CIN - L28997KL1963PLC002015 Consolidated Statement of Profit and Loss for the period ended Sep 30, 2024

				(INR in Lakhs)
	Particulars	Note	Sep 30, 2024	March 31, 2024
	Revenue from operations (gross)
	I_ Revenye from Operations	26	4.030.23	6,642.55
	II_ Other Income	27	953.88	551.33
L]	Total Income (I+I1),		4,984.11	7,193.89
	IV_ Expenses
	Cost of Material Consumed	28
	Purchase of Stock in trade		2,096.47	3.224.70
	Changgs in Inventories of finished goods, Stock in trade and work in-progress	29	o	o)
	Employee Benefit Expenses	30	(103.87)]	10.72
	Financ¢ Costs	31	545.88	837.51
		32	54.46	80.30
	Depreciation and Amortisation Expenses	33	107.65	198.69
	Other Hxpenses	34	539.27	1,154.91
	Total Expenses (IV)		3,239.86	5,506.85
	V_[Profit/(Loss) Before Exceptional Items and Tax (I-IV)		1,744.25	1,687.04
Vi1	Tax Expense : (1) Curfent Tax - MAT(2) MAT Credit Availed(3) DeferredTax		304.76(304.76)s	227.84(227.84)346.22
vi1	Profit/ (Loss) after tax for the period from continuing operations (VII-VIII)		1,744.25	1,340.82
VI	Other Comprehensive IncomeA.(i) Items that will not be reclassified to profit or loss(ii) Gain/ (Loss) on defined benefit obligations (iii) Incpmetax relating to Items that will not be reclassified to profit or lossB. (i) items that will be classified to profit or loss(ii) Income tax relating to Ttems that will be reclassified to profit or loss		g--4	o11.56-k!
	1x Fot! Comprehensive Income for the period (VII-VII) comprising Profit (Loss)and Other.comprehensive Income for the period )
X	Profit attributable to:Owners of the CompanyNon-¢ontrollinginterests		1,744.251,747.99(3.73)	1,352.381,329.06
	Total Comprehensive Income attributableoXI Owners of the CompanyNon-¢ontrollinginterestsEarning per equityshare (for continuing operation)		1,747.99(3.73)	(16.17))1,340.62(16.17),
XII	(1) Basie(2) Diluted			2.762.76

BPL Limited. CIN - L28997KL1963PLC002015 Consolidated statement of cashflows for the period ended 30th September 2024

ParticularsNoteSep 30, 2024Cash flow from operating activities:Profit for the period1,744.25Adjustmentsto reconcile net profit to net cash provided by operating activities:oftDepreciation and Amortization107.65(Profit) { l0ss on sale/ writeof assetsFinance cost-54.46Interest fncome(2.33)Dividend income(915.68)Rental income		(INR Lakhs)
			March 31, 2024
			1,687.04
			198.69
			(28.09)
			80.30
			(12.47),
			-
Other adjustments		(35.79)	(57.44)
Changes in assets and liabilities		(215.09),	(83.57)]
Decrease / (Increase) in Inventories
Decreas¢ / (Increase)in Trade receivables		(248.80)	(41.84)
Decrease/ (Increase) in financial and other assets.		(327.27)	(751.08)
(Decrease) / Increasein Trade payable		(1,165.78)	149.63
(Decrease) /Increase in financial and other liabilities Provisions		234.69	(68.97)
Cash generated from operations		(59.61)	(390.22)
		(829.30)	681,99
Net cash generated by operating activities
Cash flow from investing activities:		(829.30)	681,99
Purchasé of propeny. plant and equipment, intangible assets (Net)		(350.89),	(624.87)
Proceeds from sale of property. plant and equipment
Bank balances not consideredas Cash and cash equivalents		=298.76	28.09
Interest received			(252.78)
Dividend received fromsubsidiary		233	12.47
Rental Income		915.68	-
		35.79	57.44
Net cash (used in) / from investi g activities		901.67
Cash flow from financingactivities:			(779.66)
Shares issued on cxerciseof employee stock options
Changes in controlling interest			-
Payment of dividends		7.83	(27.74)
Finance ¢ost paid		=	0.17)
Borrowings made / repaid duringthe year		(54.46)	(80.30)]
		(35.27)	723.78
Net cash used in financing activities
Net increase / (decrease) in cash and cashcquivalents		(81.90)	615.57
Cash and cash cquivalents at the beginningof the year		9.32)	517.90
Cashand cash equivalents at the end of the period		605.20	87.29
		595.68	605.20

MKUK & ASSOCIATES CHARTERED ACCOUNTANTS %

Limited Review Report

To the Board of Directors, BPL Limited.

We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of BPL Limited ("the Parent") and its subsidiary Bharat Energy Ventures Limited (the Parent and its subsidiaries together referred to as "the Group™), and its share of the net profit/(loss) after tax and total camprehensive income / loss of its associates for the quarter ended 30t September 2024 and for the perjod from 1% April 2024 to 30" September 2024 ("the Statement™), being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. Attention is drawn to the fact that the consolidated figures for the corresponding quarter ended September 30 2023 and the corresponding period from April 2023 to September 2023 as reported in these financial results have been approved by the Parent's Board of Directors.

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 of the Statement in accordance with the Standard on Review Engagements (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 inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in|scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We alsp performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.

The Statement includes the results of the following entities: BPL Limited and Bharat Energy Ventures Pvt Limited

Based on our review conducted and procedure performed as above and based on the consideration of the limited review report of the subsidiary by other auditor, nothing has come to our attention that causes us to believe that the accompanying Statement prepared in accordance with the recognition and measurement principles laid down in AS 25, prescribed under Section 133 of the Companies Act,2013 read with relevant rules issued thereunder and other recognised accounting principles generally accepted in India has not disclosed the information required to be disclosed in terms of Regulations including the manner in which it is to be disclosed, except for the disclosures as stated in Note No 6 & 7 as at September 30th , 2024

The consolidated unaudited financial results also include the Group's share of net profit/(loss) after tax of Rs. (7.61) Lakhs and 17.46 Lakhs and total comprehensive income of Rs.1,744.25 Lakhs and Rs. 1232.81 Lakhs for the period ended 30 September 2024 and for the period from April 2023 to September 2023 respectively, as considered in the consolidated unaudited financial results, in respect of the subsidiary (Bharat Energy Ventures Pvt Limited), based on their interim financial statements/ financial information/ financial results which have not been reviewed/audited by their auditors. According to the information and explanations given to us by the Management, these interim financial statements / financial information / financial results are not material to the Group.

For MKUK & ASSOCIATES Chartered Accountants (FRN: 050113S) MANOJ K AR UKN (M N©491730) PARTNER Place: Bangalore

Date: 13 Nov 2024 UDIN NO: 24091730BKHIWR2534

BPL Limited. Regd.Office: BPL Works, Palakkad - 678 007, Kerala, CIN - L.28997KL1963PLC002015 E vestor@bpl.i Statement of conse URL:www.bpllimited.com, Tel: No.+91 80 25589109 ted Unaudited Financial Results for 30 Sep 2024

sil)	5	For the Quarter Ended			For the six month Ended	(INR in Lakhs) For the year ended
	Particulars	30-092024	30-062024	[ 30-09:203	30092024 30:09:2033		31032024
	I [REVENUE	(Unaudite)	(Unaudited)	(Unmudited)	(Unaudited) (Unudited)		(Audited)
	Revenue from operations* (Refer Note
	No.7)
11	[Other Income (net)	2.091.53	193870	214901	4.030.23	3.594.41	6.642.55
I	[Total Income (1+11)	11.06	942.82	4747	953 88	6291	55133
IV	[EXPENSES	2,102.59	2881.52	2,196.48	498411	3,657.32	7,193.89
	Cost of material consumed
	Purchases of Stock-in-Trade	1,023.74	107273	774.91	2,096.47	1,539.70	3,224.70
	(Changes in inventories of finished	2	2	2	-	£
	200ds. Stock-in -Trade and work-in-						=
	progress
	Employee benefits expense	(UL1D)]	(92.76)]	(3.04)	(10387)	034	10.72
	Finance costs	24442	301.46	153,52	545.88	399.75	837.51
	Depreciation and amortization expense	2894	2552	13.69	5446	31.70	80.30
	[Other expenses	54.40	5325	4826	107.65	9541	198.69
	[Total Expenses	355.68	183 50	23116	539.27	357.62	115491
	v [ProfitAioss) before exceptional	1,696.06	154379	121849	323986	2,42451	5,506.85
	items
V1	land tax (11I- 1V)	406.52	1,337.73	971.99	1,744.25	1,232.81	1,687.04
VI	[Profit/(loss) before tax [Tax Expense:	406.52	1,337.73	977.99	174425	123281	1,687.04
	1[1) Current Tax(2) MAT Credit Availed	8146	22329	158.78	304.76	21235	22784
	(3) Deferred Tax	(81.46)	(223.29))	(158.78))	(304.76)	(212.35)	(227.84)
		-					34622
	VIIT [Profit (Loss) for the period from					-
	continuing operations (VI-VII)IX_[Profit/(loss) for the period	406.52	1,337.73	971.99	1,744.25	1.232.81	1,340.82
	X_[ Other Comprehensive Income	406.52	1,337.73	977.99	1,744.25	1,232.31	1,34082
	) Ttems that will not be A
	[reclassified to profit or loss
	1) Gin< (losses) on defined benefitobligations						-
		g			Ly
	XI' Total ComprehensiveIncome for the					g	11.56
	period (Comprising Profit (Loss) and
	Other Comprehensive Income for the
	period)	406.52	1,337.73	977.99	1,744.25
XII	[Paid-up equity share capital'(Face					1.232.81
	value Rs. 10 each)	4.897.67	4.897.67	489767	4.897 67
	Eamnings per equity share (for					4.897.67	4.897.67
	continuing operation)
	(1) Basic	083	273
	(2) Diluted			2.00	356	252	276

• Notes: The consalidated results have been reviewed by the Audit Committee and approved and taken on record by the Board of Ditectors at their respective meetings held on $th Noy 2024 und 15th Nov 2024, The Financial results for al the periods presented above have been prepared in accordance with Ind AS notified under the Cdmpanies (Indian Accounting Standards) Rules, 2015 as amended frem time (o time. The forma for audited quarterly / yearly results as prescribed in SEBI's Circular CIR/CFD/CMD/15/2015 dated 30 Navember 2015 has been modified to comply with requirements ©of SEBI's circular dated Sth July 2016, Ind AS and Schedule 11 (Division I1) o the Companies Act, 2013, applicable to companies that are required to comply with Ind AS, The estimated amount of contingent iabilities as on Sep 30, 2024, i Re 104.05 Crores. Anjunsecured claimant had obtained an order against the Company from the Division Bench of the Honourable High Court Of Delhi. upholding the order of the single Bench and the order of the Sofe Arbitrator. A Review Petition against the said order has been filed before the High Court, Delhi. The Company, based o the pleadings on record and the opinion of the Aegal consultants, is hopeful of getting a favourable order on merits. Honee, tha above has been disclosed under contingent liabilities and commitments
• Preference Shares issued by the company have become due as per the terms on which they were issued and have not yet only been out redeemed. of profits Pursuant that are to otherwisc the provisions available of Section 55 of the Companies Act, 2013, Preference Shares can be redeemed for dividend, The Company does not have sufficient accumulated profits for redémption of the said preference shares,
• BPL, Power Projects (AP) Pvt Lid (BPPL) is one of the subsidiarics of he Whith are available. Though BPPL i to yet o commence commercial operations, the ¢ompany is a going concern
• the The Company Company is has entitled exccuted for a brand fec based license agreement for usage of * BPL" brand for sale of consumer durable products. the period ended 30Sep 2024. the brand on the actual amount on performance of the brand in terms of sales revenue. For license fee was accounted based on the actual sales data provided by RRL,
• 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

{ 5 Place: Bangalore (Chaj

Date | 13 Nov 2024

Regd.Office: BPL Works, Palaklad - 678 007, BPL Limited. sKerala, CIN - L28997KL1963PLC002015 ted Unaudited Segment Wise Revenue, Results, Assets And Linbilifics for the period ended 30th September 2024

o	Particulars	For	the Quarier ended		For the sx month Ended	(INR in Lakhs) For the year ended
il		0002024	3006200	02055	30053038	30053085	3053028
[T	Segment Reve				Wnaudited) (Unaudited) (Unaudited) (Unaudited) (Unudived)		(Rudited)
	L
	(b) Brand Licensing Fee	1480.99	129300	111493	277398,	23103	450747
	(& Power Generation	610,55	64570	1.034.08	1.25624)	128408	2,135.08
	(@ Urnallocated	%	g	E	2	-	-
		3	91568	3	91568	i	-
	¥	2091.53	285437	2,149.01	4,945.90	359441	6.642.55
	Less:Inter Segment Revenue	-	-		-
	Revenue from operations	2,091.53	2.854.37	2,149.01	4.945.90	-	E
	[ Seament Resutes					3,594.41	6.642.55
	@s	16873	207.42	16111
	(b Bend Licensitic Feo	269.07			376.15	25507	77424
	(< orhers (unatlocated)	-	54191508	82196	51449	99198	998.15
	(] Power Generaion	©33)			91568	B	-
	Total		(525)		(760	1746	(5.05)
	(Nd0)/Lessi) Financecost	435.45	1,363.26		1,798.71	1,264.51	1,767.34
	[ Other wilocablecxpense	2891	2552		5146	3170	8030
	metof un-aliocable income		-	-	-
	Profit before tax	406.52	1,337.74	991.26		=	=
	3[Segment Assers				1,744.25	1,232.81	1,687.04
	[@vcs	484515		4659.66
	(b) BrandLicensing Fee	720.44			484515	4,659.66	486741
	<1 Power Generation			337.74	72044	33774	455.34
	(d) Unallocated	32,026.5825.924.04		32,104.37	32,026.58	32,104.37	32.025.55
	Total segment assets			2430845	2592404	2439845	24.287.38
	A[Sezment Liaby	63,516.21	63,119.14.	61,500.22	63,516.21	61,500.22	61,635.68
	(a) PCB
(6	Brand Licensing Feo	74759	831.38	1273.90	747.59	1273.90	697.88
		10990	11623	4199	109.90	4199	71.22
	<) Power Generation	353260	352828	937445	353262	937445
	d) Unallocated	18.980.25	18.903.92	12,499.76	18.980.25	12.499.76	18.940.97
	Rsy	2337036	2337981	aa90a0]	2337036	asasnn	a3zanss