BSL Ltd. — Interim / Quarterly Report 2023

Aug 12, 2022

==> picture [61 x 61] intentionally omitted <==

PROUD TO BE INDIAN PRIVILEGED TO BE GLOBAL

BSLLtd.

REGO. OFFICE : 26, Industrial Area, Gandhi Nagar, BHILWAAA - 311 001 (Aajasthan) INDIA - Tel.: {91 1482) 249101,(2 Lines) 245000 E-mail : accounts@bslsuitings.com, Website: www.bslltd.com C.I.N.: L24302AJ1970PLC002266

==> picture [65 x 58] intentionally omitted <==

==> picture [69 x 9] intentionally omitted <==

----- Start of picture text -----

SUITINGS
----- End of picture text -----

REF: BSL/CS/2022-23/ Dated: li11 August, 2022

National Stock Exchange of India Ltd Listing Department Exchange Plaza Sandra Kurla Complex Sandra (E) Mumbai-400 051 NSE Symbol: BSL	BSE Ltd Dera1tment of Corporate Services 251Floor, Phiroze Jeejeebhoy Towers Dalal Street Kala Ghoda,Fort, Mumbai, Maharashtra 400 00 I BSE Scri11 Code: 514045

Subject: Outcome of Board Meeting held on 12th August, 2022 Submission of un-audited financial results for the gua,ter ended 30th June, 2022 in pursuant to Regulation 30 & 33 of the SESI (LODR) Regulations.2015

Dear Sir/Ma'am,

Pursuant to Regulation 30 & 33 of the SES! (Listing Obi igations and Disclosure Requirements) Regulations, 2015, this is to inform that the Board of Directors of the Company, at its Meeting held today. i.e., Friday, 12th August, 2022, inter alia. has approved and taken on record the following:

1. The Un-audited Financial Results of the Company for the quarter ended 30111 June, 2022 along with the Limited Review Report issued by the Statutory Auditors' thereon.

A Copy of the above referred Financial Results along with the Limited Review Report is enclosed herewith as Annexure-A.

1. Revision in the term of appointment of Shri Arun Kumar Churiwal as Whole Time Director designated as Chairman for a period of 3 years w.e.f. I '1 April, 2022 to 3 Ist March, 2025 subject to the approval of members in ensuring Annual General Meeting.

2. Revision in the term of appointment of Shri ivedan Churiwal as Managing Director for a period 0�·3 years w.e.f. ] st April. 2022 to 31" March, 2025 subject to the approval of members in ensuring Annual General Meeting.

3. Revision in the term of appointment of Shri Praveen Kumar Jain as Whole Time Director 0des�nated as Director (Operations) for a period of 3 years w .e.f. ] st April, 2022to 31s1 March, 2025 subject to the approval of members in ensuring Annual General Meeting.

Please also note that Shri Arun Kumar Churi\,al. Shri ivedan Churiv.al and Shri Praveen Kumar Jain are not debarred from holding the office of Director pursuant to any SES! order or an authority. ',

==> picture [47 x 55] intentionally omitted <==

----- Start of picture text -----

�EGAN
----- End of picture text -----

==> picture [247 x 68] intentionally omitted <==

----- Start of picture text -----

,
(&l � SGS , -8GS'. (&l . �, .filiS._
Ci'
----- End of picture text -----

CONFIDENCE . IN TEXTILES I Tested for hormful substances occo,dlng 10 Oeto-TexO Slondon:t 100 No. 09.HIN.6837S Hohenstein

==> picture [61 x 60] intentionally omitted <==

==> picture [96 x 14] intentionally omitted <==

----- Start of picture text -----

PROUD TO BE INDIAN
PRIVILEGED TO BE GLOBAL
----- End of picture text -----

BSL Ltd.

REGO. _OFFICE : 26, Industrial Area, - Gandhi Nagar, BHILWARA 311 001 (Rajasthan) INDIA Tel. : {91-1482) 249101,(2 Lines) 245000 E-mail: accounts@bslsuitings.com, Website: www.bslltd.com C.I.N.: L24302RJ1970PLC002266

==> picture [65 x 57] intentionally omitted <==

==> picture [70 x 10] intentionally omitted <==

----- Start of picture text -----

SUITINGS
----- End of picture text -----

A brief profile of Shri Arun Kumar Churiwal, Shri Nivedan Churiwal and Shri Praveen Kumar Jain is enclosed herewith as Annexure-B.

Further. in accordance with the Securities and Exchange Board of India (prohibition of Insider Trading) Regulations, 2015 and Company's Code of conduct for Prohibition of Insider Trading, the "Trading Window" for trading in the shares of the Company will open from 15 [111 ] August. 2022 for the Directors and Key Managerial Personnel, Designated Employees, Connected Persons of the Company and their immediate relatives.

The meeting of the Board of Directors commenced at 3.15 P.M. and concluded at 5.00 P.M.

Kindly take the same on records.

==> picture [136 x 123] intentionally omitted <==

----- Start of picture text -----

Thanking you,
Yours Fai
;,· 1-'

-+,'.1U. 1 a WARr:,,.
Company Secretary
M. No.: ACS-43134
Enc: a/a
.,
----- End of picture text -----*

==> picture [335 x 55] intentionally omitted <==

----- Start of picture text -----

:· )
v
VEGAN 4-,<�a:..-� (&\ � -8GS_ (&\ "i>/ -5.GS (i) {ptti, 5GS
,., 1'. T.,._,,/
----- End of picture text -----

==> picture [81 x 52] intentionally omitted <==

----- Start of picture text -----

CONFIDENCE [:e]
IN TEXTILES \
Tesfed for harmful substonces
occordlng 10 O..o-Tox" Stondotd 100
No. 09 HIN.6837S Hohenstein
----- End of picture text -----

Annexure-A

BSLLIMITED	BSLLIMITED	BSLLIMITED	BSLLIMITED	BSLLIMITED	BSLLIMITED
CIN:L24302RJ 1970PLC002266, Website: www.bslltd.com Regd. Ofice : 26, Industrial Area, Gandh Nagar, Bhilwara (Raj.) 31 I 001
Tel.: (91-1482) 249101-02,245000, Email: accounts@bslsuitings.com
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE, 2022
						(nn Lac)
Sr. No.		Particulars	Quarter Ended			Year Ended
			30.06.2022	31.03.2022	30.06.20	2131.03.2022
			Unaudited	Audited	Unaudite	d Audited
	I	Revenue fom operations	11232	12142	8641 43584
	2	Other Income	36	38	99 151
	3	Total Income (1+2)	11268	12180	8740 43735
	4	Expenses
		a) Cost of Material Consumed	6538	5783	4522 20793
		b) Purchase of stock-in-tade	341	588	246 1661
		c) Changes in inventories of fnished goods, work-in-progress and stock-in-trade	(1503)	(155)	(I 113) (1286)
		e) Employees benefts expense	1864	1739	1668 6854
		f) Finance Cost	436	423	293 1393
		g) Depreciation and amorisation expense	286	280	291 1152
		h) Power, Fuel & Water	1254	1244	969 4549
		i) Other expenses	1709	1952	1524 7021
		Total Expenses	10925	11854	8400 42137
	5	Profit/ (Loss) before Exceptional Items and Tax (3-4)	343	326	340 1598
	6	Exceptional Items
	7	Proft/ (Loss) befre Tax (S-6)	343	326	340 1598
	8	Tax Expenses
		a) Current Tax	56	103	102 488
		b) Deferred Tax	13	(23)	(16) (38)
		Total Tax Expenses	69	80	87 450
	9	Proft/(Loss) for the period (7-8)	274	246	253 1148
	10	Other Comprehensive Income
		(A).(i) Items that will not be reclassifed to proft or loss	(18)	(37)	(12) (74)
		(ii) Income Tax relating to the items that will not be reclassifed to proft or loss	(5)	(9)	(3) (18)
		(B).(i) Items that will be reclassified to proft or loss	(77)	(16)	(46) 10
		(ii) Income Tax relatingto the items that will be reclassifed toproft or loss	(19)	(4)	(12) .
		Total Other Comprehensive Income	(71)	(40)	(43) (46)
	11	Total Comprehensive Income (9+10)	203	206	210 1102
	12	Paid-Up EquityShare Capital	1029	1029	1029 1029
	13	Reserves (ExcludingRevaluation Reserves)			7901
	14	Earing per Shares (Before & After Extra ordinar Items) (on' 10/- each) (not annualised)
		Basic EPS (') / Diluted EPS(�)	2.66	2.39	2.46 11.15
Notes:- I. The fnancial statements of the Company have been prepared in accordance with Indian Accounting Standards (Ind AS) notifed under the Companies (Indian Accounting Standards) Rules, 2015 as amended by the Companies (Indian Accounting Standards) Amendment Rules, 2016 prescribed under section 133 of the Companies Act, 2013, and other recogized accounting practices and policies to the extent applicable.
2. The above financial results were reviewed by the Audit Committee and thereafer were taken on record by the Board of Directors at their meeting held on 12th August, 2022. The Statutory Auditors have carried out Limited Review fr the Results of the quarter ended 30th June,2022 and there are no qualifcations in the same. 3. The Company's capex plan of installation of29184 Spindles and moderization of synthetic spinning, Weaving & Processing division are going as per schedule.
4.The requirement of "Segment Reporting" is not applicable to the Company as it is engaged in single business segment. 5.The fgures of the previous year / quarter have been regrouped/ recast wherever necessary.
6.The fgures of the last quarter ended March 31, 2022 are the balancing fgures between the audited fgures in respect of the full financial year ending 31st March, 2022 and the unaudited published year to date figures ended December 31, 2021, being the date of the end of the third quarer of tl1e fnancial year which were subject lo limited review.
Place: Kolknta(W.B.) Date: 12th August 2022 '�)(J-. .�_ (ARUN KUMAR CHURIWAL) CHAIRMAN DIN:00001718

Annexure-B

Brief Profile and other details as per SEBI Circular CIR/CFD/CMD/4/2015 dated 9'h September 2015

Disclosure Requirements Shri Arun Kumar Churiwal Reason for Changi Revision in Term of Appointment Date&term of Appointment 13rief Profile ' Disclosure of relationships between Directors ,. Subject to approval of the members in the ensuing annual general meeting, the Board of Directors has accorded consent fr the revision 111 term of Appointment of Shri /run Kumar Churiwal as Chairman of' the company for a period of three years commencing from the0 1/04/2022to 31/03/2025. I le is theChairmanor the Company and isthe representativeof the Promoter group holds10,76,916 EquitySharesin the Company. He is B.A. (I Ions.) from Calcutta University.I le is an eminent Industrialist withrich e,pcricnce of TextileIndustry.Ile holds Directorship in 8SI since 1977. I le is Chairman of Share Transfer Committee and member of Stakeholder Relationship Committee of theCompany. I le is looking after the overall afairs of the company. He is father ofShri Nivedan Churiwal.

Shri Nivedan Cburiwal Revision in Term of Appointment Subject to approval of the members 111 the ensuing annual general meeting,the Board ofDirectorshas accorded consent for the revision in term of Appointment of Shri Nivcdan Churiwal as Managing Director of the company for a period or three years commencing from the 0 I /04/2022to3I/03/2025. I le i5 theManaging Directorof the Company and is the representativeor the Promoter group holds 7,59,624 equity shares in the Company. I le is 1.Com (I Ions.) from Calculla University. I le is an Industrialist with richexperienceof TextileIndustry.I le holds dirccton,hip in 8SLsince1997. I le is member of Staheholders RelationshipCommillee,Share·1ransfer Committee of the Company. I le is the son of Shri Arun Kumar Churiwal. Shri PraveenKumar Jain Revision in Term of Appointment Subject to approval of the members in the ensuing annualgeneralmeeting, the Board ofDirectors has accorded consent for the revision 111 term of Appointment of Shri Praveen Kumar Jain as Director (Operations) of the company for a period of three years commencing fom the0I/04/2022to 3 I /03/2025. I le isDirector (Operations) & CFO or the Co111pany. Shri Pravcen Jain has more than34 years of experience in the field or finance, accounts,legal and Secretarial and Co111mcrcial & Marketing segments. I le is a fellow member of all three renowned profo\sional institutesICAI, ICSI&ICMAI. I le secured 28'" ranh in Merit at ICWA I fnal Exams duringthe year 1987 conducted by The Institute or Cost&Worhs Accountants of India. I le was also awarded as Best Company Secretary during the year 2004 by ICSI and Best CMA CFO award during the year 2017 by ICMAI. Ile started his careerasManagement trainee at BSL Ltd. during 1987 and was elevated from time to time as President & CFO. He is associated with Company over last three decades.I le has worked for all the depai1111ents ofthe company and gained tremendous professional expertise over the ears. Not related to any of theDirectorsor the Company.