BPL Ltd. — Interim / Quarterly Report 2024

Aug 12, 2024

BPL Limited Dynamic House, 64 Church Streot Post Box No. 5194 Bengaluru - 560 004, India. Ph: +91-80-2532 7985, 2668 9100 E-mall : Investor@bplin / Website : wwbplin CIN : L28997KL1963PLC002015

12! August 2024

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

Sub: Outcome of the Board Meeting held on 12" August 2024

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:

• 1; Considered, approved and took on record the unaudited financial results of the company, both standalone and consolidated, for the quarter ended on 30th June 2024 along with Limited Review Report by the statutory auditors on the same.
• 1. Considered Board's Report to the members for the financial year 2023-24.
• 1. Appointed Mr. P. Sivarajan, Practicing Chartered Accountant as a Scrutinizer for the e-voting process in respect of Annual General Meeting (AGM) — 2024,
• 1. Approved notice convening the e-AGM for the calendar year 2024 and appointed NSDSL to provide e-platform for conducting the said AGM.
• /6. Considered of Secretarial Audit Report for the FY 2023-24.
  • 1. Appointed Mrs. Divya Bharadwaj as Company Secretary & Compliance Officer.

The said unaudited Financial Results were recommended by the Audit Committee on 5™ August, 2024 and approved by the Board of Directors at its meeting held today. The Limited Review Report (Standalone & Consolidated) was also adopted by the Board at the said meeting.

The meeting commenced at 11.00 A.M and concluded at 5.15 P.M.

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

Thariking you,

Very truly yours,

I}PL Limited

A'l/"' aI Nambiar

airman & Managing Director

Encl: a/a

BPL Limited.
PL Works, Palakkad - 678 007, Kerala. CIN - L28997KL1963PLC002015& [ =
E-mail:investor@bplLin, URL:www.hpllimited.com, Tel: No.+91 80 25589109
Statement of Standalone Unaudited Financial Results for the quarter ended: 30 June 2024

	Particulars	For the Quarter Ended	For the year ended
		30-06-2024(Unaudited)	31-03-2024(Audited)	30-06-2023(Unudited)	31-03-2024(Audited)
1	REVENUE
	Revenuc from operations	1,938.70	1617.66	144540	664255
	1_[Other Tncome (net)	95291	399.45	1326	51808
1	Total Income (I+11)	2,891.61	2017.11	1,458.66	7,160.63
1V	EXPENSES
	[Cost of material consumed	107273	818.14	76479	3.224.70
[	"[Purchases of Stock-in-Trade	0.00	0.00]	0.00]	0.00
	(Changes in inventories of finished goods, Stock-in-Trade and\work-in-progress	9276	396	338	10.72]
	[Employee benefits expense	301.46	278.18]	24622	83751
	Finance costs	25.52)	1853	1801	6523
	Depreciation and amortization expense	5325	52.17]	47.16]	198.69
	Other expenses	188 42	46771	119.87)	113168
	Total Expenses	1,548.62,	1,638.69)	1,199.43	5,468.54
	V__ Profit/(loss) before exceptional items and tax (11I- V)	1,342.98	378.42]	259.23	1,692.09)
	VI_ Profit(loss) before ax	1,342.98	378.42	259.23	1,692.09)
VIT	[Tax Expense:
	(1) Current Tax	234.65	227.84	53.57	234.65
	(2) MAT Credit Availed	23465	(227.84)	-53.57	(23465)
	(3) Deferred Tax	0.00)	34622	-	346.22)
	VIIT_ Profit (Loss) for the period from confinuing operations (VI-VI	1,342.98	32.20	259.23)	1,345.87)
	1X_ Profit(loss) for the period	134298	3220	259.23	1,345.87
X__[Other	Comprehensive Income.
	[+ Ttems that will not bereclassificd (o profit or loss	2	_	s	N
	(i) Gains/(losses) on definedbenefit obligations	S	11.56)	B	11.56
	XI_[Total ComprchensiveIncome for the period (ComprisingProfit (Loss) and Other Comprehensive Income for the.period)	1342.98	43.76	259.23	1,357.43
	XI1I_ Paid-up equity share capital: (Face value Rs. 10 each)	4,897.67]	4,897.67	4,897.67	4,897.67
	Earnings per equily share (for continuing operation).
	(1) Basic	274	0.09	053	2.77]
	) Diluted	274	0.09)	053	2.77)

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 5th Aug 2024 and 12 Aug 2024.
• 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 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 111 (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 30, 2024, is Rs. 126.86 Crores.
• An unsecured 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 which had confirmed the order of the Sole Arbitrator. A Special Leave Petition (SLP) appealing against the said order is being filed before the Supreme Court, Delhi. The Company, based on the pleadings on record and the opinion of the legal consultants, is hopeful of getting a favourable order on merits. Hence, the 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 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 and hence, the said Preference Shares are yet to be redeemed.
• The Company has executed a brand license agreement for usage of *" BPL" brand for sale of consumer durable products. The Company is entitled for a fee based on the actual amount on performance of the brand in terms of sales revenue. For the period ended 30 June 2024 , the brand 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

Ajit'G Nambiar & Managing Director)

Place: Bangalore Date : 12 Aug 2024 (Chair

BPL Limited. Regd.Office: BPL Works, Palakkad - 678 007, K E-mail:investor@bplin, URL:www.bpl| ala, CIN - L28997KL1963PLC002015 mited.com, Tel: No.+91 80 25589109 Statement of consolidated Unaudited Financial Results for the quarter ended: 30 June 2024

					(INR in Lakhs)
sL.	Particulars		For the Quarter Ended		For the year ended
nos		30-06-2024(Unaudited)	31-03-2024(Audited)	30-06-2023(Unudited)	31-03-2024(Audited)
	I_ REVENUE
	Revenue from operations* (Refer Note No. 7)	1.938.70	1.617.66	1.445.40)	664255
1	Other Income (net)	956.96	399.45	15.44	551.33
	11_[Total Income (1)	2,895.66	201711	1,160.84	7,193.89
	IV_[EXPENSFS
	Cost of material consumed	1.072.73	818.14	764.79	3.224.70
	Purchases of Stock-in-Trade	s	=		s
	Changes in inventorics of finished goods. Stock-in -Trade and
	work-in-progress	(92.76)	3.96	338	10.72
	Employee benefits expense	30146	278.18	246.22	83751
	Finance costs	2552	18.53	18.01	80.30
	Depreciation and amortization expense	53.25	52.17	47.16	198.69
	Other expenses	197.73	468.90	126.46	1.154.91
	Total Expenses	1,557.93	1,639.88	1,206.02	5,506.85
	V_ Profit/(loss) before exceptional items and tax (I11- 1V)	1,337.73	377.23	254.81	1,687.04
	VI_[Profit/(loss) before tax	1,337.73	377.23	254.81	1,687.04
	VII Tax Expense:
	(1) CurrentTax	22329	21235	5357	22784
	(2) MAT Credit Availed	(223.29)	(212.35)	(53.57)	(227.84)
	(3) Deferred Tax	=	346.22	=	346.22
VIIT	[Profit (Loss) for the period from continuing operations (Vi
	Vi	1,337.73	3101	254.81	1,340.82
	TX_[Profit/(loss) for the period	1,337.73	31.01	25481	1,340.82
	X_ Other Comprehensive Income
	A (i ) Items that will not be reclassified (o profit or loss				-
	(if) Gains/(losses) on defined benefit obligations	-	11.56	-	11.56
X1	I total Comprehensive Income for the period (Comprising Profit(Loss) and Other Comprehensive Income for the period)	—	_—	_—	-
	XII_ Paid-up equityshare capital: (Face valuc Rs.10 cach)	4.897.67	1.897.67	4.897.67	4.897.67
	Tamings per equity share (Tor continuing operation):
	(1) Basic	2.73	0.06	052	276
	(2) Diluted	273	0.06	0.52	2.76

Notes:

• 1. I'he consolidated results have been reviewed by the Audit Committee and approved and taken on e ord by the Board of Directors at their respective meetings held on Sth Aug 2024 and 12th Aug 2024,
• The Financial results for all the periods presented above have been prepared in accordance with Ind AS notificd under the Companies (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' circular dated 5th July 2016, Ind AS and Sehedule 111 (Division 1) to the Companics Act. 2013, applicable to companics that arc required to comply with Ind AS.
• "The estimated amount of contingent liabilities as on June 30, 2024, is Rs. 127.11 Crores.
• An unsecured 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 which had confirmed the order of the Sole Arbitrator. A Special Leave Petition (SLP) appealing against the said order is being filed before the Supreme Court, Delhi. The Company, based on the pleadings on record and the opinion of the legal consultants, is hopeful of gelting a favourable order on merits, Hence, the above has been disclosed under contingent liabilities and commitments.
• 1. Preference Sharcs issued by the company have become duc as per the terms on which they were issued and have not yet been redeemed. Pursuant to the provisions of Scction 53 of the Companics 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 and hence, the said Preference Shares are yet to be redeemed.
• BPL Power Projects (AP) Pvt Ltd (BPPL) is one of the subsidiaries of the company. The company has underlying assets which are available to the company. BPPL is to yet to commence the commercial operations. Hence, the management is of the opinion that the company is a going concern.
• The Company has exceuted a brand license agreement for usage of ** BPL" brand for sale of consumer durable products. "The Company is entitled for a fee based on the actual amount on performance of the brand in terms of sales revenue. For the period ended 30 June 2024 , the brand 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 ycar.
• Previous period figures have been regrouped / reclassificd to conform o current period's presentations.

For and behalf of lhvyfoard of BPL Limited

Place: Bangalore Date : 12 Aug 2024

MKUK & ASSOCIATES CHARTERED ACCOUNTANTS 0L

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 June 30, 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 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 Tinancial Reporting" ("Tnd AS 34"), prescribed undes 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 fiee 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 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 mmentioned in note no. 6 of notes accompanying unaudited financial results.

For MKUK & ASSOCIATES Chartered Accountants (FRN: 050113S) N MANQJ KUMAR UKN (M NO091730) PARTNER

Place: Bangalore Date: 12 August 2024 UDIN NO: 24091730BKHITX7710

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 June 30, 2024, together with the relevant notes thereon (the 'Statement'), The Statement has been prepared by the Company pursuant to Regulation 33 of the Sceurities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations. 2015 (the "Listing Regulations, 2015°) 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 no. 6 and 7 of notes accompanying unaudited financial results.

For MKUK & ASSOCIATES Chartered Accountants (FRN: 0501138) v MANQJ KUMAR UKN ( :091730) PARTNER

Place: Bangalore

Date: 12" August 2024 UDIN NO: 24091730BKHITY8774

BPL Limited.
CIN - L28997KL1963PLC002015Regd.Gffice: BPL Works, Palakkad - 678 007, Keral:
for the period ended 30 June2024Standalone Segment Wise Revenuc, Results, Assets And

		For the Quarter ended	[For the year ended
SL No	Particulars	30-06-2024	31-03-2024	30-06-2023	31-03-2024
		(Unaudited)	(Audited)	(Unaudited)	(Audited)
	1[Segment Revenue
	(@ PcB	1.293.00	1.162.31	1,195.40	4.507.47
	(b) Brand Licensing Fee® (Refer Note No. 7)	645.70)	455.35	250.00]	2.135.08
	(¢) Dividend	915.68	R	-	R
	(@) Unallocated		B	R	R
	Total	2,854.37	1,617.66	1,445.40]	6,642.55
	Less: Tnter Sepment Revenue	0.00	0.00	0.00	0.00
	Revenue from operations	2,854.37	1,617.66/	1,445.40	664255
	2[Scgment Results
	(2) PCB	207.42	166.74)	93.96	774.24
	(6) Breind Liconsing Fec	24541	230.21	170.02]	983.08
	() Dividend	915.68	0.00	0.00	0.00
	Total	1,368.51	396.95	263.98]	1,757.32
	(Add)/Less:(i) Finance cost	25.5]	18.53	18.01	65.23
	(ii) Other un-allocable expense net of un-allocable income	_	B
	Profit/ (Loss) before tax	1,342.98	378.42]	245.97)	1,692.09
	3 Segment Assets
	(a) PCB	4,992.22]	4.867.41	4,169.72	4.867.41
	(b) Brand Licensing Fee	761.94	45534	223.77	45534
	() Unalkated	40.393.75	39340.72.	39.681.07	39,340.72
	Total segment assets	46,147.91	44,663.47)	44,074.56	44,663.47
	4 Segment Liabilities
	() BCB	831.38	697.95	594.86	697.95
	(b) Brand Licensing Fou	116.23	7127	515.86	71.27,
	() riatiiened	18,903.92	18,940.85	19.108.46	18.940.85
	Total segment liabilities	19,851.53	19,710.07	20,219.18	19,710.07

BPL Limited. Regd.Office: BPL Works, Palaklad - 678 007, Kerala. CIN - 1.28997KL1963PLC002015 Consolidated Unaudited Segment Wise Revenue, Results, Assets And Liabilities for the period ended 30th June 2024 (INR in Lakhs)

	For the quarter ended30-06-202331-03-2024				31-03-2024
No.	Particulars	30-06-2024(Unaudited)	(Audited)	(Unaudited)	(Audited)
	1[Segment Revenue
	() PCB	1,293.00	116231	1,195.40	4,507.47
	(1) Brand icensing I'ce	645.70	45535	250.00}	2.135.08
	(© Dividend	915.68	-	2	=
	() Power Generation	-	-	-	-
	(¢) Unallocated	5	=	B	-
	Total	2.854.37	1,617.66	144540	6,642.55
	Inter Segment RevenueLess:	-	-	s
	Revenue from operations	2,854.37	1,617.66	1,445.40	6,642.55
	2 Segment Results
	fmres	20742	16674	10722	77424
	(b) Brand Liconsing Fee	24541	23021	170.02	998.15
	() Dividend	915.68	-	-	-
	() Power Generation	(5.25)	(1.19)	(4.42)	(5.05)
	Total	1,363.26	395.76	272.82	1,767.34
	(Add)/Less:(i) Finance cost	25.52	1853	18.01	80.30
	(ii) Other un-allocable expense net of un-allocable income		-	=
	Profit hefore tax	1,337.73	377.23	254.81	1,687.04
	3 Segment Assets
	(@) PCB	4.992.22	4,867.41	4,169.72	4,867.41
	(b) Brand LicensingFee	761.94	455.34	223.77	455.34
	(c) Power Generation	34,333.31	32,025.55	34,048.06	32,025.55
	(d) Unallocated	23,031.67	24,287.38	22,657.04	24,287.38
	Total segment assets	63,119.14	61,635.68	61,098.59	61,635.68
	T[Segment Liabilities
	() PCB	83138	697.88	594.86	697.88
	(1) Brand Licensing Fee	11623	7122	515.86	7122
	(<) Power Generation	352828	352381	3,548.31	3.523.81
	(d) Unallocated	18,903.92	18.940.97	19,108.46	18,940.97
	'Total segment liabilities	23,379.81	23,233.88	23,767.49	23,233.88