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Brigade Enterprises Limited Annual Report 2021

May 20, 2021

62248_rns_2021-05-20_13932ece-b6af-4ec3-be0b-b40b50079053.pdf

Annual Report

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Ref: BEL/NSEBSE/FR/20052021

20[th] May, 2021

Listing Department Department of Corporate Services – Listing National Stock Exchange of India Limited BSE Limited Exchange Plaza, P. J. Towers Bandra Kurla Complex, Dalal Street, Bandra (East), Mumbai – 400 001 Mumbai – 400 051

Re.: Scrip Symbol: BRIGADE/Scrip Code: 532929

Dear Sir/Madam,

– Sub.: Publication Audited Consolidated Financial Results

We are enclosing herewith the Audited consolidated financial results for the quarter and year ended 31[st] March, 2021 published on 20[th] May, 2021 in “The Business Standard” (English Newspaper) and “Vijayavani” (Kannada Newspaper).

This is pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Kindly take the same on your records.

Thanking you,

Yours faithfully,

For Brigade Enterprises Limited

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P. Om Prakash

Company Secretary and Compliance Officer

Encl.: a/a

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5

MUMBAI | THURSDAY, 20 MAY 2021

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|STATEMENT OF AUDITED STANDALONE AND CONSOLIDATED FINANCIAL RESULTS FOR
THE QUARTER AND YEAR ENDED 31ST MARCH 2021
Registered Offce:Dr. Annie Besant Road, Mumbai 400030•Website:www.gsk-india.com
Email: [email protected]Corporate Identity Number:L24239MH1924PLC001151
(**in Lakhs)**|**STATEMENT OF AUDITED STANDALONE AND CONSOLIDATED FINANCIAL RESULTS FOR**<br>**THE QUARTER AND YEAR ENDED 31ST MARCH 2021**<br>**Registered Offce:**Dr. Annie Besant Road, Mumbai 400030•**Website:**www.gsk-india.com<br>**Email**: [email protected] •**Corporate Identity Number:**L24239MH1924PLC001151<br>**(**in Lakhs)|STATEMENT OF AUDITED STANDALONE AND CONSOLIDATED FINANCIAL RESULTS FOR
THE QUARTER AND YEAR ENDED 31ST MARCH 2021
Registered Offce:Dr. Annie Besant Road, Mumbai 400030•Website:www.gsk-india.com
Email: [email protected]Corporate Identity Number:L24239MH1924PLC001151
(**in Lakhs)**|**STATEMENT OF AUDITED STANDALONE AND CONSOLIDATED FINANCIAL RESULTS FOR**<br>**THE QUARTER AND YEAR ENDED 31ST MARCH 2021**<br>**Registered Offce:**Dr. Annie Besant Road, Mumbai 400030•**Website:**www.gsk-india.com<br>**Email**: [email protected] •**Corporate Identity Number:**L24239MH1924PLC001151<br>**(**in Lakhs)|STATEMENT OF AUDITED STANDALONE AND CONSOLIDATED FINANCIAL RESULTS FOR
THE QUARTER AND YEAR ENDED 31ST MARCH 2021
Registered Offce:Dr. Annie Besant Road, Mumbai 400030•Website:www.gsk-india.com
Email: [email protected]Corporate Identity Number:L24239MH1924PLC001151
(**in Lakhs)**|**STATEMENT OF AUDITED STANDALONE AND CONSOLIDATED FINANCIAL RESULTS FOR**<br>**THE QUARTER AND YEAR ENDED 31ST MARCH 2021**<br>**Registered Offce:**Dr. Annie Besant Road, Mumbai 400030•**Website:**www.gsk-india.com<br>**Email**: [email protected] •**Corporate Identity Number:**L24239MH1924PLC001151<br>**(**in Lakhs)|STATEMENT OF AUDITED STANDALONE AND CONSOLIDATED FINANCIAL RESULTS FOR
THE QUARTER AND YEAR ENDED 31ST MARCH 2021
Registered Offce:Dr. Annie Besant Road, Mumbai 400030•Website:www.gsk-india.com
Email: [email protected]Corporate Identity Number:L24239MH1924PLC001151
(**in Lakhs)**|**STATEMENT OF AUDITED STANDALONE AND CONSOLIDATED FINANCIAL RESULTS FOR**<br>**THE QUARTER AND YEAR ENDED 31ST MARCH 2021**<br>**Registered Offce:**Dr. Annie Besant Road, Mumbai 400030•**Website:**www.gsk-india.com<br>**Email**: [email protected] •**Corporate Identity Number:**L24239MH1924PLC001151<br>**(**in Lakhs)|STATEMENT OF AUDITED STANDALONE AND CONSOLIDATED FINANCIAL RESULTS FOR
THE QUARTER AND YEAR ENDED 31ST MARCH 2021
Registered Offce:Dr. Annie Besant Road, Mumbai 400030•Website:www.gsk-india.com
Email: [email protected]Corporate Identity Number:L24239MH1924PLC001151
(**in Lakhs)**|**STATEMENT OF AUDITED STANDALONE AND CONSOLIDATED FINANCIAL RESULTS FOR**<br>**THE QUARTER AND YEAR ENDED 31ST MARCH 2021**<br>**Registered Offce:**Dr. Annie Besant Road, Mumbai 400030•**Website:**www.gsk-india.com<br>**Email**: [email protected] •**Corporate Identity Number:**L24239MH1924PLC001151<br>**(**in Lakhs)|STATEMENT OF AUDITED STANDALONE AND CONSOLIDATED FINANCIAL RESULTS FOR
THE QUARTER AND YEAR ENDED 31ST MARCH 2021
Registered Offce:Dr. Annie Besant Road, Mumbai 400030•Website:www.gsk-india.com
Email: [email protected]Corporate Identity Number:L24239MH1924PLC001151
(**in Lakhs)**| |---|---|---|---|---|---|---|---|---|---|---| |**Particulars**|**Standalone**|||||**Consolidated**||||| ||**Unaudited**|**Unaudited**|**Audited**|**Unaudited**|**Audited**|**Unaudited**|**Unaudited**|**Audited**|**Unaudited**|**Audited**| ||**Three**<br>**months**<br>**ended**<br>**31.03.21**|**Corresponding**<br>**three months**<br>**ended**<br>**31.03.2020**|**Year**<br>**ended**<br>**31.03.2021**|**Preceding**<br>**three months**<br>**ended**<br>**31.12.2020**|**Year**<br>**ended**<br>**31.03.2020**|**Three**<br>**months**<br>**ended**<br>**31.03.21**|**Corresponding**<br>**three months**<br>**ended**<br>**31.03.2020**|**Year**<br>**ended**<br>**31.03.2021**|**Preceding**<br>**three months**<br>**ended**<br>**31.12.2020**|**Year**<br>**Ended**<br>**31.03.2020**| |Revenue from Operations<br>Proft before Exceptional Items<br>Exceptional Items<br>Proft before tax<br>Net Proft for the period / year<br>Total comprehensive income for the period<br>Paid-up Equity Share Capital<br>(Face value per share10)
Other Equity
Earnings Per Share (EPS) (of10 each)<br>Basic and diluted EPS after<br>Exceptional Items ()
Basic and diluted EPS before
Exceptional Items (`)|80727
17992
(11900)
6092
1274
1846
16941

0.75
7.78|77588
16514
1127
17641
13794
13847
16941

8.14
7.44|319373
72233
(17260)
54973
35756
35551
16941
134853
21.11
31.32|85842
20201
1053
21254
15735
15261
16941

9.29
8.69|322468
64699
(32449)
32250
11005
10607
16941
167063
6.50
26.69|81375
18201
(11900)
6301
1433
2005
16941

0.85
7.87|77580
16528
1127
17655
13807
13860
16941

8.15
7.44|319886
72310
(17260)
55050
35815
35610
16941
132967
21.14
31.35|85720
20088
1053
21141
15651
15177
16941

9.24
8.64|322438
64724
(34149)
30575
9320
8922
16941
165120
5.50
26.70|
||Not Annualised|||Not Annualised||Not Annualised|||Not Annualised||

Notes: 1. The above is an extract of the detailed format of the Unaudited Financial Results for the quarter and audited Financial results for the year ended 31[st] March 2021 filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The full format of the said Financial Results are available on the website of the Company at www.gsk-india.com and on the website of Stock Exchanges at www.nseindia.com and www.bseindia.com . 2. The above Results were reviewed by the Audit Committee and were thereafter approved by the Board of Directors at their respective meetings held on 18[th] May 2021

By Order of the Board Sridhar Venkatesh Managing Director DIN: 07263117

Place: Mumbai

Date: 18[th] May, 2021

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BRIGADE ENTERPRISES LIMITED

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Corporate Identity Number (CIN): L85110KA1995PLC019126 Regd. Office: 29[th ] & 30[th] Floor, World Trade Center, Brigade Gateway Campus 26/1, Dr. Rajkumar Road, Malleswaram-Rajajinagar, Bengaluru 560 055. Ph: +91-80-4137 9200, 2221 7017-18. Email: [email protected] Website: www.brigadegroup.com

Extract of the Audited Consolidated Financial Results for the Quarter and Year ended 31[st] March, 2021

(Rin Lakhs) (Rin Lakhs)
SI.
No
Particulars Quarter ended Year ended
31-03-2021
(Audited)
31-12-2020
(Unaudited)
31-03-2020
(Audited)
31-03-2021
(Audited)
31-03-2020
(Audited)
1. Total Income from Operations 82,086 65,365 64,434 2,01,039 2,68,156
2. Net Proft/(Loss) for the period (before Tax,
Exceptional and/or Extraordinary items and/or
Share of Proft of Associate)
6,283 1,333 671 (4,882) 18,185
3. Net Proft/(Loss) for the period before tax
(after Exceptional and/or Extraordinary items
and/or Share of Proft of Associate)
2,655 (2,667) (1,379) (12,510) 16,135
4. Net Proft/(Loss) for the period after tax (after
Exceptional and/or Extraordinary items)
1,958 (2,147) (1,102) (9,641) 11,400
5. Total Comprehensive Income for the period
[Comprising Proft/(Loss) for the period
(after tax) and Other Comprehensive Income
(after tax)]
1,919 (2,131) (1,219) (9,670) 11,247
6. Equity Share Capital
(Face Value of`10 each)
21,091 20,829 20,438 21,091 20,438
7. Reserves (Other equity excluding Revaluation
Reserve)
2,12,846 2,06,846
8. Earnings Per Share (of`10/- each)
(for continuing and discontinued operations)
(a) Basic:
(b) Diluted:
1.88
1.87
(0.76)
(0.76)
0.13
0.12
(2.24)
(2.24)
6.39
6.34
Notes
1. Brief of Standalone Financial Results for the quarter and year ended 31stMarch, 2021 is as follows:
(Rin Lakhs)
Particulars Quarter ended Year ended
31-03-2021
(Audited)
31-12-2020
(Unaudited)
31-03-2020
(Audited)
31-03-2021
(Audited)
31-03-2020
(Audited)
Revenue from Operations 61,346 52,485 44,053 1,52,398 1,84,993
Proft/(Loss)Before Tax 11,406 3,768 5,607 17,769 34,437
Proft/(Loss)After Tax 9,863 2,668 4,061 14,456 26,080

SHRIRAM TRANSPORT FINANCE COMPANY LIMITED PUBLIC NOTICE This is to inform our customers and public at large that our Ambejogai Branch located at 1st Floor, Dada Complex, Near Bank of Maharashtra, Main Mondha Road, Ambejogai, Beed, Maharashtra - 431517, will shift to P. R. No.779/2, Parwati Complex, 1st Floor, Sahyog Nagar, Near Yashwantrao Chavan Chowk, Morewadi Ambejogai, Beed, Maharashtra - 431517, from 20th August, 2021. The Customers are requested to contact the new office premises for their needs. REGIONAL BUSINESS HEAD

BusinessStandard

DALMIA REFRACTORIES LIMITED

MUMBAI EDITION Registered Office: Dalmiapuram, P.O. Kallakudi, Dist. Tiruchirappalli, Tamil Nadu-621651 Printed and Published by Sangita Kheora CIN: L24297TN1973PLC006372 on behalf of Business Standard Private Tel: +91-11-23457100; E-mail: [email protected] Website: www.dalmiarefractories.com Limited and Printed at M/s. Dangat Media Private Limited, 22 Digha M.I.D.C., TTC FORM NO. CAA. 2 Industrial Area, Vishnu Nagar, Digha, Navi [Pursuant to Section 230(3) and rule 6 and 7] Mumbai, 400708 and M/s. Nai Dunia CA/322/CAA/2020 23/4, 23/5, Sector-D, Industrial Area, J.K. In the matter of the Companies Act, 2013 Road, Near Minal Residency, Bhopal And (M.P.)-462023. & Published at In the matter of Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 H/4 & I/3, Building H, Paragon Centre, Opp. And Birla Centurion, P.B.Marg, Worli, Mumbai- 400013 In the matter of Scheme of Amalgamation of Dalmia Refractories Limited and GSB Refractories India Private Limited with Editor : Shyamal Majumdar Dalmia Bharat Refractories Limited (formerly known as Sri Dhandauthapani Mines and Minerals Limited) RNI NO: 66308/1996 And Readers should write their feedback at their respective shareholders and creditors [email protected] Corrigendum to the Advertisement of the meeting of Unsecured Creditors of Dalmia Refractories Limited Fax : +91-11-23720201 (‘the Company’) For Subscription and Circulation In continuation to the advertisement dated 22[nd] April 2021 published on 23[rd] April 2021 given to the Unsecured Creditors of enquiries please contact: the Company seeking their consent to the Scheme of Amalgamation of Dalmia Refractories Limited and GSB Refractories Ms. Mansi Singh India Private Limited with Dalmia Bharat Refractories Limited (formerly known as Sri Dhandauthapani Mines and Minerals Head-Customer Relations Business Standard Private Limited. Limited) and their respective shareholders and creditors, further notice is hereby given that in view of the prevailing situation H/4 & I/3, Building H,Paragon Centre, Opp. in the country due to the pandemic and keeping in mind the safety and well-being of the creditors and other stakeholders, the Birla Centurion, P.B.Marg, Worli, Company is additionally providing the said creditors an opportunity to attend the meeting virtually and cast their votes Mumbai - 400013 through the e-voting facility. E-mail: [email protected] “or sms, REACHBS TO 57575 sms, REACHBS TO 57575, REACHBS TO 57575 REACHBS TO 57575 Accordingly, the Company encourages the Unsecuredelectronically through video conferencing (‘VC’) and cast votesCreditors, in the interest of their safety to attend the meetingthrough e-voting facility. The detailed guidelines in this Overseas subscription: relation have been circulated to all the respective creditors by permitted mode and are also placed on the website of the (Mumbai Edition Only) Company viz.www.dalmiarefractories.com. One year subscription rate by air mail The brief details about e-voting are as follows:

  1. The above consolidated financial results of Brigade Enterprises Limited (‘the Company’), its subsidiaries (the Holding Company and its subsidiaries together referred to as ‘the Group’) and its associates has been reviewed by the Audit Committee on May 17, 2021 and approved by the Board of Directors of the Company at their meeting held on May 18, 2021. The statutory auditors of the Company have audited the consolidated financial results of the Company for the quarter and year ended March 31, 2021.

  2. The above is an extract of the detailed format of quarter ended Financial Results (Standalone and Consolidated) filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The full format of Financial

Results (Standalone and Consolidated) are available on the websites of the stock exchanges www.nseindia.com, www.bseindia.com and on the Company’s website www.brigadegroup.com

4 The Board of Directors of the Company at their meeting held on May 18, 2021 have recommended a final dividend of Rs. 1.20 per equity share of Rs. 10 each for the financial year ended March 31, 2021. The said proposed dividend are subject to approval at the ensuing annual general meeting and are not recognised as a liability as at March 31, 2021.

For Subscription and Circulation enquiries please contact: Ms. Mansi Singh Head-Customer Relations Business Standard Private Limited. H/4 & I/3, Building H,Paragon Centre, Opp. Birla Centurion, P.B.Marg, Worli, Mumbai - 400013 E-mail: [email protected] “or sms, REACHBS TO 57575 sms, REACHBS TO 57575, REACHBS TO 57575 REACHBS TO 57575 Overseas subscription: (Mumbai Edition Only) One year subscription rate by air mail INR 51765 : USD 725 DISCLAIMER News reports and feature articles in Business Standard seek to present an unbiased picture of developments in the markets, the corporate world and the government. Actual developments can turn out to be different owing to circumstances beyond Business Standard’s control and knowledge. Business Standard does not take any responsibility for investment or business decisions taken by readers on the basis of reports and articles published in the newspaper. Readers are expected to form their own judgement. Business Standard does not associate itself with or stand by the contents of any of the advertisements accepted in good faith and published by it. Any claim related to the advertisements should be directed to the advertisers concerned. Unless explicitly stated otherwise, all rights reserved by M/s Business Standard Pvt. Ltd. Any printing, publication, reproduction, transmission or redissemination of the contents, in any form or by any means, is prohibited without the prior written consent of M/s Business Standard Pvt. Ltd. Any such prohibited and unauthorised act by any person/legal entity shall invite civil and criminal liabilities. No Air Surcharge

  1. The outbreak of Covid-19 pandemic globally and in India has caused significant disturbance and slowdown of economic activities. Due to the lockdown announced by the Government, the Group’s operations were slowed down/suspended for part of the current year and accordingly the audited consolidated financial results for the quarter and year ended March 31, 2021 are adversely impacted and not fully comparable with those of the earlier year.

The Group has considered the possible effects that may result from the Covid-19 pandemic on the carrying value of assets [including property, plant and equipment, investment property, capital work in progress, intangible assets (including under development), goodwill, investments, inventories, land advances, deposits, loans and receivables]. In developing the assumptions relating to the possible future uncertainties in the economic conditions because of this pandemic, the Group, as at the date of approval of these financial results has used internal and external sources of information to assess the expected future performance of the Group. The Group has performed sensitivity analysis on the assumptions used and based on the current estimates, the Group expects that the carrying amount of these assets, as reflected in the balance sheet as at March 31, 2021, are fully recoverable.

  1. The Company has appointed M/s KFin Technologies Private Limited, Registrars and Transfer Agents (“RTA”) of the Company, to provide VC and e-voting facility for the Meeting. The period of remote e-voting is as below:

Further, the Group’s management has also made assessment of the progress of construction work on its ongoing projects during the period of lockdown and has concluded that the same was only a temporary slowdown in activities and has accordingly capitalised/inventorised the borrowing costs incurred in accordance with Ind AS 23.

i. Date and time of commencement of remote e-voting: Monday, May 24, 2021 at 09:00 a.m. (IST)

ii. Date and time of end of remote e-voting: Wednesday, May 26, 2021 at 05:00 p.m. (IST) iii. The voting rights of the unsecured creditors shall be in accordance with the amount owed to them as on September 30, 2020.

The Group has also estimated the future cash flows with the possible effects that may result from the Covid-19 pandemic and does not foresee any adverse impact on realising its assets and in meeting its liabilities as and when they fall due. The actual impact of the Covid-19 pandemic may be different from that estimated as at the date of approval of these financial results.

Votes should be cast in the manner described in the instructions to the notice and the corrigendum to the notice. Responses received after the said time will be treated as invalid.

  1. An Unsecured Creditor who has cast his/her vote by remote e-voting prior to the meeting shall also be eligible to participate in the meeting but shall not be entitled to cast his/her vote again.

During the quarter and year ended March 31, 2021, the leasing operations of the Group were impacted due to Covid-19 restrictions. Due to the prevailing circumstances, the Group has recognized revenue for the quarter and year ended March 31, 2021 and the underlying receivables after having regard to the Group’s ongoing discussions with certain customers on best estimate basis.

In case of any queries, you may refer the Frequently Asked Questions (FAQs) and e-voting User Manual available at the download section of https://evoting.kfintech.com or contact the RTA at Tel. No. 18003454001 (toll free).

The advertisement dated 22[nd] April 2021 issued by the Company is modified to this extent. Except for the changes mentioned in this corrigendum, all the information and contents set out in the notice dated 19th April 2021 along with the resolution to be considered thereat and the advertisement dated 22[nd] April 2021 remains unchanged.

During the quarter and year ended March 31, 2021 and March 31, 2020, an impairment loss of Rs. 1,850 lakhs and Rs. 2,050 lakhs respectively has been recognised in the statement of profit and loss as an exceptional item, which represents the write-down value of certain investment properties in the leasing segment and certain property, plant and equipment in the hospitality segment to the recoverable amount as a result of the impact of Covid-19 pandemic.

Sd/- C. Ramasubramaniam Chairman appointed for the Meeting

For Brigade Enterprises Limited Place: Bengaluru M R Jaishankar Date: May 18, 2021 Chairman and Managing Director

Dated: 19[th] May, 2021 Place: Chennai

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