BSL Ltd. — Interim / Quarterly Report 2021

Feb 4, 2021

BSLLtd.

REGO. OFFICE : 26,lndustrial Area, Gandhi Nagar, BHILWARA-311 001 (Rajasthan) INDIA Tel.: (91 1482) 249101-102, 245000 E-mail : accounts@bslsuitings.com, Website : www.bslltd.com C.I.N.: L24302RJ1970PLC002266

REF: BSL/CS/2020-21/ Dated: 4 th February, 2021

National Stock Exchange of India Ltd	BSE Ltd
Listing Department	Der,artment of Corporate Services
Exchange Plaza	25n Floor, Phiroze Jeejeebhoy Towers
Sandra Kurla Complex	Dalal Street
Sandra (E)	Kala Ghoda, Fort,
Mumbai-400 051	Mumbai, Maharashtra 400 00 I
NSE Symbol: BSL	BSE Scrip Code: 514045

Subject: Outcome of Board Meeting held on 4 th February, 2021

Dear Sir/Ma'am,

Pursuant to Regulation 30 & 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to infonn that the Board of Directors of the Company, at its Meeting held today, i.e., Thursday, 4 th February, 2021, inter alia, has approved and taken on record the Un-audited Financial

Results of the Company for the quarter & nine months ended 3I st December, 2020 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.

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 i" February, 2021 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 01.00 P.M. and concluded at 2 .. 45P.M.

Kindly take Nie same on records.

Thanking you, Yours Faithful( For BSL Li ncha i

Company Secretary M. No.: ACS-43134 Enc: a/a

. SSMS & Associates CHARTERED ACCOUNTANTS

16, BASEMENT HEERA PAN NA MARKET PUR ROAD, BHILWARA- 311001 E-mail : ssms2405@gmail.com

LIMITED REVIEW REPORT

To, The Board of Directors, BSLLIMITED

We have reviewed the accompanying' ·state.ment of unaudited financial results of BSL Limited ("the Company") for the quarter ended 31stDecember, 2020 and year to date from I stApril, 2020 to 31st December, 2020 (the "statement"), attached herewith, being submitted by the company pursuant to_ the requirements of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('the Regulation') as amended, read with SEBI Circular No. CIR/CFD/CMDl/80/2019 dated I 9th July, 2019 ('the Circular') and amendment thereto.

This Statement is the responsibility of the Company's Management and has been approved by the Board of Directors, and prepared in accordance with recognition and measurement principals laid down by the Indian Accounting Standard 34 "Interim Finat1Cial Reporting" ("Ind AS 34") prescribed under section I 33 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 have 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. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free from 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 opinic;m.

Based on our review conducted is above, nothing has come to our attention that causes us to believe that the accompanying statement of Unaudited Financial Results read with notes thereon, prepared in accordance with the aforesaid Indian Accounting Standards specified under section 133 of the Companies Act, 2013 read with relevant Rules and other recognized accounting practices and policies generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Di,<;closure Requirements) Regulations, 2015 , including the manner in which it is to be disclosed or that it contains any material misstatement.

Place: Bhilwara Date: 4 1hFebruary, 2021

Chartered Accountants FirmReg.�C (Satish Somani) Partner M. No. 076241 UDIN:21O7.(.:l-.t I AA AAAl>l9�1

For SSMS and Associates

1-· BSL LIMITED

CIN: L24302RJ1970PLC002266, Website: www.bslltd.com Regd. Office : 26, Industrial Area, Gandhi Nagar, Bhilwara (Raj.) 311 001 Tel.: (91-1482) 246801,245000 Email: accounts@bslsuitings.com

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31ST DECEMBER, 2020

C In Lac)
No.	Sr. Particulars	Nine Months Ended Year EndedQuarter Ended
			3I.I2.2020 30.09.2020 31.12.2019		31.12.2020	31.12.2019	31.03.2020
			Unaudited
I	Revenue from operations	8880	9432	9960	22978	31561	39004
2	Other Income	2	5	2	75	152	154
3	Total Income (1+2)	8882	9436	9962	23053	31713	39158
4	Expenses
	a) Cost of Material Consumed	3163	3158	4132	8196	14262	18850
	b) Purchase of stock-in-trade	252	141	420	451	1286	1687
	c) Changes in inventories of finished goods, work-in-progress and stock-in-trade	1012	1540	238	2564	618	(1440)
	d) Employees benefits expense	1458	1451	1664	4138	5000	6618
	e) Finance Cost	439	452	483	1324	1395	1841
	f) Depreciation and amortisation expense	303	309	315	923	995	1307
	g) Power, Fuel & Water	803	868	1030	2288	3158	4058
	h) Other expenses	1280	1281	1582	3373	4831	6324
	Total Expenses	8710	9200	9864	23257	31545	39245
s	Profit/ (Loss) before Exceptional Items and Tax (3-4)	172	235	98	(204)	168	(87)
6	Exceptional Items	-	-	-	-	-	-
7	Profit/ (Loss) before Tax (5-6)	172	235	98	(204)	168	(87)
8	Tax Expenses
	a) Current Tax	60	-	43	60	116	75
	b) Deferred Tax	(33)	(22)	(86)	(80)	(248)	(328)
	Total Tax Expenses	27	(22)	(42)	(20)	(132)	(253)
9	Profit/(Loss) for the period (7-8)	146	257	140	(183)	300	166
	10 Other Comprehensive Income	-	-	-			-
	(A).(i) Items that will not be reclassified to profit or loss	(21)	(22)	(15)	(65)	(47)	(87)
	(ii) Income Tax relating to the items that will not be reclassified to profit or Joss	(16)		(4)	(16)	(12)	(22)
	(B).(i) Items that will be reclassified to profit or loss	40	213	31	' 334	(66)	(366)
	(ii) Income Tax relating to the items that will be reclassified to profit or loss	10	54	3	g'4	(21)	. (95)
	Total Other Comprehensive Income	25	137	16	20i	.,(80)	(336)
	11 Total Comprehensive Income (9+ JO)	171	395	156	18 � c;,r	220	(170)
12	Paid-Up Equity Share Capital	1029	1029	1029	1029	1029	1029
	13 Reserves (Excluding Revaluation Reserves)						6476
	14 Earning per Shares (Before & After Extra ordinary Items) (of' 10/- each) (notannualised)
	a) Basic EPS C)	1.42	2.50	1.36	(1.78)	2.92	1.62
	b) Diluted EPS C)	1.42	2.50	1.36	(1.78)	2.92	1.62

Place: Kolkata (W,8-) Date: 04th February, 2021 By order of the Board For BSL Li 'led

� Ql . �-� AL)

CHAIR G G ECTOR DIN: 00001718

BSLLIMITED

CIN: L24302RJ1970PLC002266, Website: www.bslltd.com Regd. Office: 26, Industrial Area, Gandhi Nagar, Bhilwara (Raj.) 311 001 Tel.: (91-1482) 246801,245000, Email: accounts@bslsuitings.com

SEGMENTWISE REVENUE, RESULTS, ASSETS AND LIABILITIES FOR THE QUARTER AND NINE MONTHS 31ST DECEMBER,2020

							r 'In Lael
	Sr. No. Particulars	Quarter EndedNine Month Ended					Year EndedAudited
				Unaudited
		31.12.2020	30.09.2020	31.12.2019	31.12.2020	31.12.2019	31.03.2020
I	Segment Revenue
	a) Textile	�867	9405	9945	22905	31470	38896
	b) Wind Power	30	27	37	94	167	207
	Total	8897	9432	9982	22999	31637	39103
	Less : Inter Segment Revenue	17	-	22	21	76	99
	Net Sales/ Income from Operations	8880	9432	9960	22978	31561	39004
2	Segment Results Profit /(Loss) before Tax
	and interest from each segment
	a) Textile	640	597	607	1214	1569	1767
	b) Wind Power	(29)	90	(26)	(94)	(6J
	Total	611	687	581	1120	1563	(13)1754
	Less:
	a) Interest		452	483		1,395	1,841
	b) Other un-allocable expenditure net of	439-	-	-	1,324-	-	-
	unallocable income
	Total Profit I (Loss) before tax	172	235	98	(204)	168	(87)
3	Segment Assets
	a) Textile	27120	28756	31059	27120	31059	30206
	b) Wind Power	1046	1083	1127	1046	1127	1124
	Total Assets	28166	29839	32186	28166	32186	31330
4	Segment Liabilities
	a) Textile
	b) Wind Power	4820	6814	7864	4820	7864	7872
		12'	38	48	12	48	10
	Total Liabilities	4832	6852	7912	4832	7912	7882

Notes:-

I. The financial statements of the Company have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under the Companies (Indian Accounting Standrds) Rules, 2015 as amended from time to time.

1. The Auditors have conducted limited review of the financial results for the quarter and Nine month ended 31st December, 2020,The above financial results were reviewed by the Audit Committee and thereafter were taken on record by the Board of Directors at their meeting held on 4th february 2021 and there are no qualifications in the same . · ·'

,,c,r 3. On account of COVID-19 pandemic and on the basis of current assessment and performance of the company,the company expects to recover the carrying amount of assets comprising property,plant and equipment,inventories and trade receivables and no material adjustment is required in the financial results.The company will closely monitor any material changes arising out of the future economic conditions and its impact on the business of the company due to COVID-19

1. The figures of the previous year / quarter have been regrouped/ recast wherever necessary.

Place: Kolkata (W.B.)

Date: 04th February, 2021

By order of the Board /) For BSL 4mitep !..�. '--�, .. .:::wl

(ARUN CHURIW AL) CHAIRMAN & MANAGING DIRECTOR DIN : 00001718