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Centrum Capital Limited Annual Report 2021
61929_rns_2021-06-22_94e80d29-9fc2-4975-bf16-e39af36e17cc.pdf
Annual Report
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June 22, 2021
| To, | To, | |
|---|---|---|
| National Stock Exchange of India limited | BSE limited | |
| Exchange Plaza, | Corporate Relations Department, | |
| Plot No. C/1, G Block, | 1st Floor, New Trading Ring, | |
| Bandra - Kurla Complex, Bandra (East), | P. J. Towers, Dalal Street, | |
| Mumbai - 400 051. | Mumbai - 400 001. |
Sub.: Outcome of Board Meeting held on June 22, 2021 Ref: Scrip Code - 501150 and NSE Scrip Code - CENTRUM
Madam/Dear Sir,
The Board of Directors of the Company at its meeting held today, inter-alia, has:
- (a) Approved the Audited Financial Results (Standalone and Consolidated) for the Financial Year ended March 31, 2021;
- (b) Decided not to recommend any dividend for Financial Year 2020-2021, after taking into consideration the impact of the pandemic on the economy and the need therefore to conserve resources;
- (c) Approved an enabling resolution for raising funds through the issuance of Non-Convertible Debentures, up to an amount of Rs. 1000 crores, in one or more series and/or in one or more tranches, subject to the approval of Shareholders; and
- (d) Approved an enabling resolution for raising of funds through issue of equity shares through qualified institutional placements up to an amount of Rs. 500 crores subject to approval of the Shareholders/ Regulatory and/or Statutory Authorities as applicable.
In this connection, we are pleased to enclose the following:
- (a) Audited Financial Results (Standalone and Consolidated) for.the Financial Year ended March 31, 2021;
- (b) Audit Report of the Statutory Auditor of the Company (Standalone and Consolidated) for the Financial Year ended March 31, 2021; and
- (c) Declaration on Unmodified Opinion on Auditors' Report issued by the Statutory Auditor of the Company for FY 2020-2021, under Regulation 33{3)(d) of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015.
The Certificate signed by the Debenture Trustee pursuant to the Regulation 52(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, will be sent shortly.
The Meeting of the Board of Directors of the Company commenced at 02:30 p.m. and concluded at 04:45 p.m.
Centrum Capital Limited(CIN No.:L6S990MH1977PLC019986)
Corporate Offke : Centrum House, CST Road, Vidyanagari Marg, Kalina, Santacruz (East), Mumbai • 400 098. Tel : +91 22 4215 9000 Re1istered Office: 2nd Floor, Bombay Mutual Building, Dr. D. N. Road, Fort, Mumbai - 400 001. Tel: +9122 2266 2434 Email: [email protected] Website: www.centrum.co.in
The date of the Annual General Meeting of the Company for the Financial Year ended March 31, 2021 and Book Closure date will be intimated separately.
Kindly acknowledge the receipt and take the same on your record.
Thanking you,
Yours faithfully, For Centrum Capital Limited
Alstrah
Alpesh Shah Company Secretary
Encls: a/a
Centrum Capital Limited (CIN No.:L65990MH1977PLC019986)
Corporate Office : Centrum House, CST Road, Vidyanagari Marg, Kalina, Santacruz (East), Mumbai - 400 098. Tel : +91 22 4215 9000 Registered Office: 2nd Floor, Bombay Mutual Building, Dr. D. N. Road, Fort, Mumbai - 400 001. Tel: +91 22 2266 2434 Email: [email protected] Website: www.centrum.co.in
CINTRUM
June 22, 2021
| To, | To, |
|---|---|
| National Stock Exchange of India Limited | BSE Limited |
| Exchange Plaza, | Corporate Relations Department, |
| Plot No. C/1, G Block, | 1st Floor, New Trading Ring, |
| Bandra - Kurla Complex, Bandra (East), | P. J. Towers, Dalal Street, |
| Mumbai - 400 051. | Mumbai - 400 001. |
Sub.: Declaration pursuant to Regulation 33(3) of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, regarding Audit Report with Unmodified Opinion Ref: Scrip Code - 501150 and NSE Scrip Code - CENTRUM
Dear Sir/Madam.
In compliance with the provisions of Regulation 33(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time and SEBI Circular No. Cir/CFD/CMD/56/2016 dated May 27, 2016, we hereby declare that, M/s. Haribhakti & Co., LLP, Chartered Accountants, Statutory Auditors of the Company have issued Audit Reports with Unmodified Opinion on the Audited Financial Statements of the Company (Standalone and Consolidated), for the Financial Year ended March 31, 2021.
This is for your information and record.
Thanking You.
Yours faithfully, For Centrum Capital Limited
Jaspal Singh Bindra Executive Chairman
Centrum Capital Limited (CIN No.: L65990MH1977PLC019986)
Corporate Office: Centrum House, CST Road, Vidyanagari Marg, Kalina, Santacruz (East), Mumbai - 400 098. Tel: +91 22 4215 9000 Registered Office: 2nd Floor, Bombay Mutual Building, Dr. D. N. Road, Fort, Mumbai - 400 001. Tel: +91 22 2266 2434 Email: [email protected] Website: www.centrum.co.in
Chartered Accountants
INDEPENDENT AUDITOR'S REPORT
To the Board of Directors of Centrum Capital Limited
Report on the Audit of the Standalone Financial Results
Opinion
We have audited the accompanying standalone annual financial results of Centrum Capital Limited ("the Company") for the year ended March 31, 2021 ("the Statement"), attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('Listing Regulations').
In our opinion and to the best of our information and according to the explanations given to us, the aforesaid Statement:
- is presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this $(i)$ regard; and
- gives a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards, and other accounting principles generally accepted in India, $(ii)$ of net loss and other comprehensive income and other financial information of the Company for the year ended March 31, 2021.
Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing (SAs) specified under Section 143(10) of the Companies Act, 2013 ("Act"). Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Standalone Financial Results section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India ("ICAI") together with the ethical requirements that are relevant to our audit of the Statement under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Emphasis of Matter
$KT1g$
We draw attention to Note 3 to the accompanying Statement, which explains the uncertainties and the management's evaluation of the financial impact on the Company due to lockdown and other restrictions imposed by the local governments on account of COVID-19 pandemic situation, for which a definitive assessment of the impact is highly dependent upon the circumstances as they evolve in the subsequent period.
Our opinion is not modified in respect of this matter.
Board of Directors' Responsibility for the Standalone Financial Results
This Statement has been prepared on the basis of the standalone annual financial statements. The Company's Board of Directors are responsible for the preparation and presentation of this Statement that give a true and fair view of the net loss and other comprehensive income and other financial information of Company in accordance with the recognition and measurement principles laid down in the Indian be
-ibhakti & Co. LLP, Chartered Accountants Regn. No. AAC- 3768, a limited liability partnership registered in India (converted on 17th June, 2014 from....................................
יי וויין ופּענטר, וואר וויסטערט איט האנדרס. וויסטער איז האנדרס איז האנדרס. האנדרס איז האנדרס איז האנדרס איז היRegistered offices: 705, Leela Business Park, Andheri-Kurla Road, Andheri (E), Mumbai - 400 059, India. Tel:+9 ED ACCO Other offices: Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata, New Delhi.
Chartered Accountants
Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that give a true and fair view and is free from material misstatement, whether due to fraud or error.
In preparing the Statement, the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
The Board of Directors are also responsible for overseeing the Company's financial reporting process.
Auditor's Responsibilities for the Audit of the Standalone Financial Results
Our objectives are to obtain reasonable assurance about whether the Statement as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this Statement.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
Conclude on the appropriateness of the Board of Directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's
Chartered Accountants
report. However, future events or conditions may cause the Company to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represent the underlying transactions and events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related
Other Matter
The Statement includes the unaudited financial results of one Trust, Centrum ESPS Trust, whose financial results reflect total assets of Rs. 2,387.92 lakhs as at March 31, 2021, total revenue of Rs. 1.84 lakhs and Rs. 2.56 lakhs and total loss after tax of Rs. 9.71 lakhs and Rs. 9.08 lakhs for the quarter and year ended March 31, 2021, respectively, and net cash inflow of Rs 67.17 lakhs for the year ended March 31, 2021, as considered in the Statement. These unaudited financial results have been furnished to us by the Board of Directors and our opinion on the Statement, in so far as it relates to the amounts and disclosures included in respect of this Trust is based solely on such unaudited financial results. In our opinion and according to the information and explanations given to us by the Board of Directors, these financial results are not material to the Company.
Our report is not modified in respect of this matter.
The Statement includes the results for the quarter ended March 31, 2021, being the balancing figure between audited figures in respect of full financial year and the published unaudited year to date figures up to the third quarter of the current financial year which were subject to limited review by
For Haribhakti & Co. LLP
Chartered Accountants
ICAI Firm Registration No. 103523W / W100048
UDIN: 21048539 AAAA CP8739
Snehal Shah Partner
$KTIR$
Membership No.048539
lace: Mumbai $:$ June 22, 2021
| CENTRUM CAPITAL LIMITEDCIN L65990MH1977PLC019986 | ||||||
|---|---|---|---|---|---|---|
| Registered Office : Bombay Mutual Building, 2nd Floor, Dr.D.N.Road, Fort, Mumbai - 400001. | ||||||
| Corporate Office : Centrum House, C.S.T. Road, Vidya Nagari Marg, Kalina, Santacruz (East), Mumbai - 400098.Tel.: +91 22 42159000 Fax no. : +91 22 42159533 Email ID: [email protected] Website: www.centrum.co.in | ||||||
| Statement of Standalone Audited Financials Results for the Quarter and Year ended March 31, 2021 | ||||||
| Quarter ended | (₹ in Lakhs) (except per equity share data)Year Ended | |||||
| Particulars | 31-Mar-21 | 31-Dec-20 | 31-Mar-20 | 31-Mar-21 | 31-Mar-20 | |
| Audited(Refer note no 8) | (Unaudited) | Audited(Refer note no 8) | (Audited) | (Audited) | ||
| 1. | Revenue from operationsa. Revenue from operations | 285.73 | ||||
| b. Net Gain on fair value changes | 211.00 | 525.39119.56 | 941.01(99.12) | 2,640.40406.35 | 1,509.54 | |
| c. Other Operating IncomeTotal revenue from operations | 219.58 | 115.34 | 91.00 | 567.51 | (186.24)364.00 | |
| Other IncomeTotal Income | 716.31669.50 | 760.29687.38 | 932.89617.09 | 3,614.261,964.41 | 1,687.301,479.70 | |
| 2. | Expenses | 1,385.81 | 1,447.67 | 1,549.98 | 5,578.67 | 3,167.00 |
| a. Finance Costsb. Impairment on Financial instruments | 990.76 | 891.57 | 1,058.67 | 2,877.82 | 2,404.24 | |
| c. Employee Benefits Expense | (26.62)452.99 | (32.93) | 48.74 | 24.69 | 109.91 | |
| d. Depreciation and Amortization Expensee. Other Expenses | 52.29 | 428.7354.05 | 498.3556.17 | 1,681.21217.09 | 2,418.91264.56 | |
| Total Expenses | 326.801.796.22 | 224.55 | 287.47 | 1,276.08 | 1,830.79 | |
| 3.4. | Profit/(Loss) before exceptional Items and taxExceptional Items (Refer note no 4) | (410.41) | 1,565.97(118.30) | 1,949.40(399.42) | 6,076.89(498.22) | 7,028.41(3,861.41) |
| 5. | Profit/(Loss) before tax (3-4) | (410.41) | 3,058.29 | 6,258.00 | ||
| 6. | Tax ExpenseCurrent tax | (118.30) | 2,658.87 | (498.22) | 2,396.59 | |
| Deferred tax | 21.63171.72 | (42.00)82.46 | 30.00 | 21.63 | 30.00 | |
| Tax Adjustments for earlier yearsTotal Tax Expense | 326.06 | (92.84) | (36.98) | 149.33233.21 | 41.46(599.57) | |
| 7. | Profit/(Loss) for the Period/Year (5-6) | 519.41(929.82) | (52.38)(65.91) | (6.98) | 404.17 | (528.11) |
| 8. | Other Comprehensive Income (OCI)i. Item that will not be reclassified to profit or loss | 2,665.85 | (902.39) | 2,924.70 | ||
| (a) Change in fair value of equity instruments designated at fair value through OCI | ||||||
| (b) Remeasurement of Defined benefit scheme(c) Deferred tax on above | 40.47 | (33.67) | (16.43)13.62 | (0.68)(28.69) | (16.43)3.75 | |
| ii. Items that will be reclassified to profit or loss | (12.68) | 9.80 | (3.97) | 7.46 | (1.09) | |
| Total Other Comprehensive Income/ (Loss) | 27.79 | (23.86) | ||||
| 9.10. | Total Comprehensive Income/(Loss) for the period/year (7+8)Paid-up Equity Share Capital (Face value of Rs.1/- Each) | (902.03) | (89.79) | (6.78)2,659.07 | (21.91)(924.30) | (13.77)2,910.93 |
| 11. | Other Equity | 4,160.33 | 4,160.33 | 4,160.33 | 4,160.33 | 4,160.33 |
| 12. | Earning Per Share (not annualised for interim periods) (Face value of Rs.1/- Each) | 49,433.12 | 50,200.98 | |||
| $(i)$ Basic $(Rs.)$ | (0.22) | (0.02) | 0.64 | (0.22) | 0.70 | |
| (i) Diluted (Rs.) | (0.22) | (0.02) | 0.64 | (0.22) | 0.70 | |
| Notes:-1 | ||||||
| The above standalone audited financial results for the quarter and year ended March 31, 2021 have been reviewed and recommended by the Audit Committee and approved by the Board at itsmeeting held on June 22, 2021. The Statutory Auditors have issued a report with unmodified opinion on the above standalone results. | ||||||
| 2 | These standalone audited financial results have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standards 34 - Interim Financial | |||||
| Reporting ("Ind AS 34") prescribed under Section 133 of the Companies Act, 2013 ("the Act") read with relevant rules issued thereunder and other accounting principles generally accepted in India. | ||||||
| 3 | The outbreak of COVID-19 pandemic across the globe and in India has contributed to a significant impact and volatility in the global and Indian financial markets and slowdown in the economic | |||||
| activities. The Management has evaluated the impact of COVID-19 on its assets comprising of property, plant and equipment, investments, trade receivables, Loans and other financial assets, andhas concluded that there is no significant impact on the carrying amount of these assets besides impairment, if any, and are recoverable as at the Statement date. The impact of COVID-19 | ||||||
| pandemic is dependent on future developments which is highly uncertain, therefore, the financial impact in subsequent periods may be different than currently assessed. | ||||||
| 4 | Exceptional items for the quarter and year ended represents | |||||
| Particulars | Quarter ended | Year ended | (₹ in Lakhs) | |||
| Profit/ (Loss) on Sale of Investments in subsidiary | 31-Mar-21 | 31-Dec-20 | 31-Mar-20 | 31-Mar-21 | 31-Mar-20 | |
| Gain on sale of debt trading businessForfeiture of upfront subscription on share warrants | $\overline{\phantom{a}}$ | $\overline{\phantom{a}}$$\overline{\phantom{a}}$ | 7.803,050.49 | $\overline{\phantom{a}}$ | (542.49)3,050.49 | |
| Total | $\overline{\phantom{a}}$ | ٠ | $\sim$3.058.29 | $\blacksquare$ | 3,750.00 | |
| 5 | The Company publishes standalone financial results along with the consolidated financial results. In accordance with Ind AS 108, Operating Segments, the Company has disclosed the segmentinformation in the notes to consolidated financial results. | |||||
| 6 | During the quarter ended March 31, 2021 | |||||
| i) The Company infused ₹ 74.01 lakhs in its Foreign Subsidiary Centrum International Services PTE Limited. | ||||||
| ii) The Company has received dividend of ₹ 37.42 lakhs from its Foreign Subsidiary Centrum Capital International Limited.iii) The Company has invested ₹ 500 lakhs in non-convertible redeemable cumulative preference shares issued by Centrum Microcredit Limited | ||||||
| iv) The Company had contracted to buy 23,69,207 Shares of Centrum Retail Services Limited (a subsidiary of the company) for ₹ 8,004 Lakhs from non-controlling interest shareholders post receipt of | ||||||
| approval from the Shareholders in July 2019. Pursuant to this, during the quarter the Company has purchased 1,85,002 equity shares of Centrum Retail Services Limited for a consideration of ₹ 625lakhs settled through transfer of 50,00,000 Compulsory Convertible Debentures of Centrum Microcredit Limited (a subsidiary). | ||||||
| v) The Company has raised an amount of ₹ 6,501 lakhs in multiple tranches through private placement by way of issue of Principal Protected, Secured, Rated, Listed, Redeemable, Non-convertible, | ||||||
| Market linked debentures bearing a face value of ₹ 1,00,000 /- each. | ||||||
| $\overline{7}$ | Disclosure under Regulation 52(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as certified by the management, is given as | |||||
| 8 | The figures for the last quarter of the current year and of the previous year are the balancing figures between audited figures in respect of the full financial year and year to date reviewed figures upto | |||||
| 9 | ||||||
| 10 | The standalone audited financial results for the quarter and year ended March 31, 2021 are being uploaded on the Company's website viz., www.centrum.co.inThe previous period/year's figures have been regrouped/rearranged wherever necessary to conform to current period's/current year classification. | |||||
| For Centrum Capital Limited | ||||||
| $\alpha$ $\alpha$ | ||||||
| Mumba | ||||||
| Place: MumbaiDate: June 22, 2021 | Jaspal Singh BindraExecutive Chairman | |||||
| DIN: 00128320 | ||||||
| CENTRUM CAPITAL LIMITEDCIN L65990MH1977PLC019986Registered Office : Bombay Mutual Building, 2nd Floor, Dr.D.N.Road, Fort, Mumbai - 400001.Corporate Office : Centrum House, C.S.T. Road, Vidya Nagari Marg, Kalina, Santacruz (East), Mumbai - 400098.Tel.: +91 22 42159000 Fax no.: +91 22 42159533 Email ID: [email protected] Website: www.centrum.co.in | ||||
|---|---|---|---|---|
| nnexure A | ||||
| A. Pursuant to Regulation 52(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), wesubmit herewith the following information pertaining to the Redeemable Non-Cumulative Principle Protected Market-Linked Non-ConvertibleDebentures (PPMLD)i) Details of outstanding PPMLD of face value ₹ 1,00,000/- per PPMLD : | ||||
| Sr.No | Name of Series No. of | No MLD's | Amt. of Issue (₹) | Credit Rating |
| $\mathbf{1}$INE660C07719 | 441 | 44,100,000 | BWR PPMLD BBB/ Stable | |
| 2 INE660C07727 | 130 | 13,000,000 | BWR PPMLD BBB/ Stable | |
| 3 INE660C07743 | 250 | 25,000,000 | BWR PPMLD BBB/ Stable | |
| 4 INE660C07719 | 479 | 47,900,000 | BWR PPMLD BBB/ Stable | |
| 5 INE660C07743 | 281 | 28,100,000 | BWR PPMLD BBB/ Stable | |
| 6 INE660C07719 | 205 | 20,500,000 | BWR PPMLD BBB/ Stable | |
| INE660C07743 | 250 | 25,000,000 | BWR PPMLD BBB/ Stable | |
| 8 INE660C07719 | 230 | BWR PPMLD BBB/ Stable | ||
| 9 INE660C07743 | 100 | 23,000,000 | BWR PPMLD BBB/ Stable | |
| 10 INE660C07719 | 10,000,000 | |||
| 11 | INE660C07719 | 75 | 7,500,000 | BWR PPMLD BBB/ Stable |
| 12 INE660C07750 | 110 | 11,000,000 | BWR PPMLD BBB/ Stable | |
| 13 INE660C07768 | 130 | 13,000,000 | BWR PPMLD BBB/ Stable | |
| 14 INE660C07768 | 775 | 77,500,000 | BWR PPMLD BBB/ Stable | |
| 15 INE660C07776 | 410 | 41,000,000 | BWR PPMLD BBB/ Stable | |
| 16 INE660C07776 | 275 | 27,500,000 | BWR PPMLD BBB/ Stable | |
| 17 INE660C07768 | 135 | 13,500,000 | BWR PPMLD BBB/ Stable | |
| 18 | INE660C07768 | 60 | 6,000,000 | BWR PPMLD BBB/ Stable |
| 270 | 27,000,000 | BWR PPMLD BBB/ Stable | ||
| 19 INE660C07768 | 425 | 42,500,000 | BWR PPMLD BBB/ Stable | |
| 20 INE660C07768 | 375 | BWR PPMLD BBB/ Stable | ||
| 21 INE660C07768 | 304 | 37,500,000 | BWR PPMLD BBB/ Stable | |
| 22 INE660C07768 | 30,400,000 | |||
| 23 INE660C07768 | 304 | 30,400,000 | BWR PPMLD BBB/ Stable | |
| 24 INE660C07768 | 65 | 6,500,000 | BWR PPMLD BBB/ Stable | |
| 25 INE660C07768 | 855 | 85,500,000 | BWR PPMLD BBB/ Stable | |
| 26 INE660C07768 | 425 | 42,500,000 | BWR PPMLD BBB/ Stable | |
| 27 INE660C07776 | 948 | 94,800,000 | BWR PPMLD BBB/ Stable | |
| 28 INE660C07776 | 240 | 24,000,000 | BWR PPMLD BBB/ Stable | |
| 29 INE660C07776 | 390 | 39,000,000 | BWR PPMLD BBB/ Stable | |
| 30 INE660C07776 | 101 | 10,100,000 | BWR PPMLD BBB/ Stable | |
| 31 INE660C07776 | 140 | 14,000,000 | BWR PPMLD BBB/ Stable | |
| 32 INE660C07784 | 430 | 43,000,000 | BWR PPMLD BBB/ Stable | |
| 33 INE660C07776 | 1,520 | 152,000,000 | BWR PPMLD BBB/ Stable | |
| 34 INE660C07768 | 1,592 | 159,200,000 BWR PPMLD BBB/ Stable | ||
| 35 INE660C07784 | 1,113 | 111,300,000 BWR PPMLD BBB/ Stable | ||
| 36 INE660C07768 | 1,505 | 150,500,000 BWR PPMLD BBB/ Stable | ||
| 37 INE660C07784 | 525 | 52,500,000 BWR PPMLD BBB/ Stable | ||
| 640 | 64,000,000 BWR PPMLD BBB/ Stable | |||
| 38 INE660C07768 | 349 | 34,900,000 BWR PPMLD BBB/ Stable | ||
| 39 INE660C07784 | 695 | 69,500,000 | BWR PPMLD BBB/ Stable | |
| 40 INE660C07784 | 545 | 54,500,000 | BWR PPMLD BBB/ Stable | |
| 41 INE660C07784 | 1,257 | 125,700,000 | BWR PPMLD BBB/ Stable | |
| Total | 19,349 | 1,934,900,000 |
ii) Credit Rating and change in Credit Rating (if any):
PPMLD has been assigned a rating of BWR PPMLD BBB/Stable rating assigned by Brickwork Ratings India Private Limited
iii) Asset Cover available, in case of non convertible Debt Securities: 1.89 times
iv) Debt-Equity Ratio (As at March 31, 2021): 0.31 times
v) Previous due dates for payment of interest and repayment of principal amount for Redeemable Non-Cumulative Market-Linked Non-ConvertibleDebentures : Not Applicable as on date no PPMLD have matured till year March 31, 2
$\overline{Cap}$
| The next due dates for payment of interest and repayment of principal amount of the PPMLD are as under:Sr.Name of Series/TrancheNo | Type(Prinicpal/Interest*) | Amt. of Issue (Rs.) | Due Date ofpayment |
|---|---|---|---|
| 1INE660C07719 | Principal and Interest | 44,100,000 | December 31, 2021 |
| 2INE660C07727 | Principal and Interest | July 09, 2023 | |
| 3 INE660C07743 | 13,000,000 | ||
| 4 INE660C07719 | Principal and Interest | 25,000,000 | August 01, 2023 |
| Principal and Interest | 47,900,000 | December 31, 2021 | |
| 5 INE660C07743 | Principal and Interest | 28,100,000 | August 01, 2023 |
| 6 INE660C07719 | Principal and Interest | 20,500,000 | December 31, 2021 |
| INE660C07743 | Principal and Interest | 25,000,000 | August 01, 2023 |
| 8INE660C07719 | Principal and Interest | 23,000,000 | December 31, 2021 |
| 9INE660C07743 | Principal and Interest | 10,000,000 | August 01, 2023 |
| 10INE660C07719 | Principal and Interest | 7,500,000 | December 31, 2021 |
| 11INE660C07719 | Principal and Interest | December 31, 2021 | |
| 12 INE660C07750 | 11,000,000 | ||
| 13 | Principal and Interest | 13,000,000 | March 04,2022 |
| INE660C07768 | Principal and Interest | 77,500,000 | March 21,2022 |
| 14INE660C07768 | Principal and Interest | 41,000,000 | March 21,2022 |
| 15INE660C07776 | Principal and Interest | 27,500,000 January 04,2024 | |
| 16INE660C07776 | Principal and Interest | 13,500,000 | January 04,2024 |
| INE660C077681718 | Principal and Interest | 6,000,000 March 21,2022 | |
| INE660C0776819 | Principal and Interest | 27,000,000 | March 21,2022 |
| INE660C0776820 | Principal and Interest | 42,500,000 | March 21,2022 |
| INE660C0776821 | Principal and Interest | 37,500,000 | March 21,2022 |
| INE660C07768 | Principal and Interest | 30,400,000 | March 21,2022 |
| INE660C0776822 | Principal and Interest | 30,400,000 | March 21,2022 |
| 23INE660C07768 | Principal and Interest | 6,500,000 | March 21,2022 |
| 24 INE660C07768 | Principal and Interest | 85,500,000 | March 21,2022 |
| 25 INE660C07768 | Principal and Interest | 42,500,000 | March 21,2022 |
| 26INE660C07768 | Principal and Interest | 94,800,000 | March 21,2022 |
| 27INE660C07776 | Principal and Interest | 24,000,000 January 04,2024 | |
| INE660C0777628 | Principal and Interest | 39,000,000 | January 04,2024 |
| 29INE660C0777630 | Principal and Interest | 10,100,000 | January 04,2024 |
| INE660C0777631 | Principal and Interest | 14,000,000 | January 04,2024 |
| INE660C0777632 | Principal and Interest | 43,000,000 | January 04,2024 |
| INE660C07784 | Principal and Interest | 152,000,000 | October 17,2022 |
| 33 INE660C07776 | Principal and Interest | 159,200,000 | January 04,2024 |
| 34 INE660C07768 | Principal and Interest | 111,300,000 | March 21,2022 |
| 35 INE660C07784 | Principal and Interest | 150,500,000 | October 17,2022 |
| 36 INE660C07768 | Principal and Interest | 52,500,000 | March 21,2022 |
| 37 INE660C07784 | Principal and Interest | 64,000,000 | October 17,2022 |
| 38 INE660C07768 | Principal and Interest | 34,900,000 | March 21,2022 |
| INE660C0778439 | Principal and Interest | 69,500,000 | October 17,2022 |
| 40INE660C07784 | Principal and Interest | 54,500,000 | October 17,2022 |
| 41 INE660C07784 | Principal and Interest | 125,700,000 | October 17,2022 |
| Total | 1.934,900,000 |
Note* : Interest is paid on maturity only
Note* : Interest is paid on maturity onlyvii) Debt Service Coverage Ratio: 0.07 timesviii) Interest Service Coverage Ratio: 0.83 timesix) Capital Redemption reserve: Nilx) Net worth of the Company : ₹ 53593.45 Lakhsx
B. Information pursuant to Regulation 52(7) of the Listing Regulations indicating the material deviation, if any in the use of proceeds of issue ofThere is no material deviation, in use proceeds of Redeemable Non-Cumulati initiatives and towards also general corporate purposes.
$\overline{a}$ umb
CENTRUM CAPITAL LIMITED CIN L65990MH1977PLC019986 Registered Office : Bombay Mutual Building, 2nd Floor, Dr.D.N.Road, Fort, Mumbai - 400001. Corporate Office : Centrum House, C.S.T. Road, Vidya Nagari Marg, Kalina, Sant
| (₹ in Lakhs) | |||
|---|---|---|---|
| Particulars | As at | As at | |
| 31-Mar-21 | 31-Mar-20 | ||
| (Audited) | (Audited) | ||
| Assets | |||
| 1) Financial assets | |||
| Cash and cash equivalents | 1,014.41 | 280.15 | |
| Bank balance other than cash and cash equivalents above | 4.27 | 4.27 | |
| Derivative Financial Instruments | 226.32 | ||
| Receivables | 77.10 | ||
| Trade receivables | |||
| Loans | 339.39 | 695.50 | |
| Investments | 20,368.17 | 6,716.42 | |
| Other financial assets | 62,879.91 | 61,824.50 | |
| 2,795.78 | 7,148.17 | ||
| Sub-total Financial assets | 87,628.25 | 76,746.11 | |
| 2) Non-financial assets | |||
| Current tax assets (net) | |||
| Deferred tax assets (net) | 619.25 | 623.62 | |
| Property, plant and equipment | 2,476.48 | 2,944.41 | |
| Right of use assets | 389.09 | 480.23 | |
| Other intangible assets | 311.63 | 453.77 | |
| Other non-financial assets | 16.67 | 23.42 | |
| 60.59 | 120.25 | ||
| Sub-total Non-financial assets | 3,873.71 | 4,645.70 | |
| Total assets | 91,501.96 | 81,391.81 | |
| 1) Financial liabilitiesDerivative financial instrumentsDebt securitiesBorrowings (other than Debt securities)Lease liabilityOther financial liabilitiesSub-total Financial liabilities2) Non-financial LiabilitiesProvisionsOther non-financial liabilitiesSub-total Non-financial liabilities3) EquityEquity share capitalOther equity | Total equity | 7,499.5523,825.331,483.76342.114,626.9137,777.6636.4394.42130.854,160.3349,433.1253,593.45 | 2,959.4211,840.856,504.741,067.194,525.4726,897.6733.9498.89132.834,160.3350,200.9854,361.31 |
| Total Liabilities And Equity | 91,501.96 | 81,391.81 | |
| For Centrum Capital Limited | $\mathsf{Cap}_i$intrum | ||
| Jaspal Singh Bindra | Mumb | ||
| Place: Mumbai | Executive Chairman | ||
| Date: June 22, 2021 | DIN: 00128320 |
CENTRUM CAPITAL LIMITED
Registered Office : Bombay Mutual Building, 2nd Floor, Dr.D.N.Road, Fort, Mumbai - 400001.Corporate Office : Centrum House, C.S.T. Road, Vidya Nagari Marg, Kalina, Santacruz (East), Mumbai - 400098.Tel.: +91 22 4215900 F
Standalone Statement of Cash Flows for the year ended March 31, 2021
| (₹ in Lakhs) | |||
|---|---|---|---|
| For the year ended | |||
| Particulars | March 31, 2021 | March 31, 2020 | |
| (Audited) | (Audited) | ||
| A Cash Flow from Operating Activities: | |||
| Profit/(Loss) before tax | (498.22) | 2,396.59 | |
| Adjustments for: | |||
| Depreciation and amortisation expense | 217.09 | 264.56 | |
| Loss on sale of property plant and equipment | 0.77 | (0.30) | |
| Gain on modification of right to use/sublease | (2.89) | (84.29) | |
| Forfeiture of upfront deposit on share warrants | (3,750.00) | ||
| Gain on sale of debt trading business | (3,050.49) | ||
| Loss/(Profit) on sale of Investments (net) | 535.88 | ||
| Net Gain on fair value changes | (406.35) | 191.88 | |
| Interest Income | (1,818.97) | (892.12) | |
| Employees stock options | 15.53 | 68.24 | |
| Income from Trust (net) | 0.97 | ||
| Dividend Income on investment | (38.67) | (326.63) | |
| Impairment on financial instruments | 24.69 | 109.91 | |
| Guarantee income | (36.76) | (36.94) | |
| Finance costs | 2,877.82 | 2,422.12 | |
| Operating profit before working capital changes | 334.03 | (2, 150.62) | |
| Adjustments for: | |||
| Decrease/(Increase) in trade receivables | 343.24 | (680.08) | |
| Decrease/(Increase) in loans | (12, 194.18) | (5,238.26) | |
| Decrease/(Increase) in other financial assets | 3,846.52 | (3,822.10) | |
| Decrease/(Increase) in other non-financial assets | 59.66 | 130.62 | |
| Decrease/(Increase) in derivative financial instruments (net) | 314.76 | (131.79) | |
| Decrease/(Increase) in other financial liabilities | (709.22) | (462.73) | |
| Decrease/(Increase) in other non-financial liabilities | (4.49) | (185.18) | |
| Decrease/(Increase) in provisions | (26.19) | (18.86) | |
| Cash Generated from operations | (8,035.87) | (12, 559.00) | |
| Direct taxes paid (net of refunds) | 292.94 | (1,562.64) | |
| Net Cash generated from/(used in) operating activities | (7,742.93) | (14, 121.64) | |
| B | Cash Flow from Investing Activities: | ||
| Purchase of property, plant and equipment | |||
| Proceeds from sale of property, plant and equipment | (12.10) | ||
| Sale/(Purchase) of investments (net) * | 1.26 | 241.38 | |
| Investment made in subsidiaries during the year | 15.00 | 9,350.19 | |
| Investment made in Debenture of subsidiary | (128.09) | (1,007.65) | |
| Investment made in Preference shares of subsidiary | (500.00) | (750.00) | |
| Proceeds from withdrawal of capital from subsidiary LLP | (500.00) | ||
| Proceeds from subsidiary - ESOP | 576.00 | 464.00 | |
| Proceeds from disposal of subsidiary during the year | 214.45 | ||
| Proceeds from sale of debt trading business | 4,933.58 | ||
| Sale/(Purchase) of treasury shares (net) * | 2,049.51 | ||
| Invesment made in Private trusts | 62.50 | (491.85) | |
| Dividend on investment | (220.53) | ||
| Net Cash generated from / (used in) investing activities | 38.42 | 326.63 | |
| (440.99) | 15,103.69 | ||
| C | Cash Flows from Financing Activities: | ||
| Proceeds/(Repayment) of Debt Securities (net)* | 16,533.29 | ||
| Proceeds/(Repayment) of Borrowings (other than Debt securities) (net) * | (5,020.98) | 852.00 | |
| Dividend paid (Including Dividend Distribution Tax) | (691.70) | ||
| Payment of lease liability | (150.02) | (239.64) | |
| Finance costs | (2, 444.11) | (264.15)(760.65) | |
| Net cash generated from / (used in) financing activity | 8,918.18 | (1, 104.14) | |
| Net Increase/(decrease) in cash and cash equivalents | 734.26 | (122.09) | |
| Cash and cash equivalents as at the beginning of the year | 280.15 | 402.24 | |
| Cash and cash equivalents as at the end of the year | 1,014.41 | 280.15 | |
| Note * Net figures have been reported on account of volume of transactions. |
Place: Mumbai Date: June 22, 2021 For Centrum Capital Limited
$Cap$ Mumbai Jaspal Singh Bindra $\omega$ Executive Chairman
DO
Chartered Accountants
INDEPENDENT AUDITOR'S REPORT
To the Board of Directors of Centrum Capital Limited
Report on the Audit of the Consolidated Financial Results
Opinion
We have audited the accompanying consolidated annual financial results of Centrum Capital Limited (hereinafter referred to as the "Holding Company") and its subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group"), its associate and joint venture for the year ended March 31, 2021 ("the Statement"), attached herewith, being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('Listing Regulations').
In our opinion and to the best of our information and according to the explanations given to us and based on the consideration of reports of other auditors on separate audited financial statements of the subsidiaries, associate and joint venture, the aforesaid Statement:
| Sr. No. | Name of the Entity | Relationship |
|---|---|---|
| Centrum Capital Limited | Holding Company | |
| $\overline{2}$ | Centrum Retail Services Limited | Subsidiary Company |
| 3 | Centrum Broking Limited | Subsidiary Company |
| $\overline{4}$ | Centrum Microcredit Limited (Formerlyknownas | Subsidiary Company |
| Centrum Microcredit Private Limited) | ||
| 5 | Centrum Housing Finance Limited | Subsidiary Company |
| 6 | Centrum Financial Services Limited | Subsidiary Company |
| 7 | Centrum International Services Pte. Ltd., | Subsidiary Company |
| 8 | Centrum Alternative Investment Managers Limited | Subsidiary Company |
| 9 | Centrum Capital Advisors Limited | Subsidiary Company |
| 10 | Centrum Capital International Limited (Formerly known | Subsidiary Company |
| as Commonwealth Centrum Advisors Limited) | ||
| 11 | CCAL Investment Management Limited | Subsidiary Company |
| 12 | Centrum Alternatives LLP | Subsidiary Company |
| 13 | Centrum Insurance Broker Limited | Subsidiary Company |
| 14 | Centrum Wealth Limited (Formerly known as Centrum | Subsidiary Company |
| Wealth Management Limited) | ||
| 15 | Centrum Investment Advisors Limited | Subsidiary Company |
| 16 | Centrum REMA LLP (up to February 18, 2021) | Joint Venture |
| 17 | Acorn Fund Consultants Private Limited | Associate |
| 18 | Centrum ESPS Trust | Trust |
(i) includes the annual financial results of the following entities:
Haribhakti & Co. LLP, Chartered Accountants Regn. No. AAC- 3768, a limited liability partnership registered in India (converted on 17th June, 2014 from a Hern Haribhakti & Co. FRN: 103523W)Registered offices: 705, Leela Business Park, Andheri-Kurla Road, Andheri (E), Mumbai - 400 059, India. Tel:+91 22 6672 9999 Fax:+91 22 6672 9777
Other offices: Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata, New Delhi.
Chartered Accountants
- is presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this $(iii)$ regard; and
- gives a true and fair view in conformity with the recognition and measurement principles laid down in $(iii)$ the applicable accounting standards, and other accounting principles generally accepted in India, of the consolidated net loss and other comprehensive income and other financial information of the Group, its associate and joint venture for the year ended March 31, 2021.
Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing (SAs) specified under Section 143(10) of the Companies Act, 2013 ("Act"). Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Consolidated Financial Results section of our report. We are independent of the Group, its associate and joint venture in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India ("ICAI") together with the ethical requirements that are relevant to our audit of the Statement under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us and other auditors in terms of their reports referred to in "Other Matters" paragraph below, is sufficient and appropriate to provide a basis for our opinion.
Emphasis of Matter
We draw attention to Note 3 to the accompanying Statement, which explains that the extent to which the COVID-19 pandemic will impact the Group's (including its associate and joint venture) financial performance due to lockdown and other restrictions imposed by the local governments including the Group's (including its associate and joint venture) estimate of impairment of loans to customers and assumptions used in testing the impairment in the carrying value of loans, investments and other financial assets, are dependent on future developments, which are highly uncertain.
Our opinion is not modified in respect of this matter.
Board of Directors' Responsibilities for the Consolidated Financial Results
This Statement has been prepared on the basis of the consolidated annual financial statements. The Holding Company's Board of Directors are responsible for the preparation and presentation of this Statement that give a true and fair view of the consolidated net loss and other comprehensive income and other financial information of the Group including its associate and joint venture in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The respective Board of Directors of the companies included in the Group and of its associate and joint venture are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Group and its associate and joint venture and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the respective financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the Statement by the Directors of the Holding Company, as aforesaid.
Chartered Accountants
In preparing the Statement, the respective Board of Directors of the companies included in the Group and of its associate and joint venture are responsible for assessing the ability of the Group and its associate and joint venture to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate the Group and its associate and joint venture or to cease operations, or has no realistic alternative but to do so.
The respective Board of Directors of the companies included in the Group and of its associate and joint venture are responsible for overseeing the financial reporting process of the Group and of its associate and joint venture.
Auditor's Responsibilities for the Audit of the Consolidated Financial Results
Our objectives are to obtain reasonable assurance about whether the Statement as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this Statement.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Holding Company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
- Conclude on the appropriateness of the Board of Directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group and its associate and joint venture to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group and its associate and joint venture to cease to continue as a going concern.
- Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represent the underlying transactions and events in a manner that achieves fair presentation.
Chartered Accountants
• Obtain sufficient appropriate audit evidence regarding the financial results of the entities within the Group and its associate and joint venture to express an opinion on the Statement. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the Statement of which we are the independent auditors. For the other entities included in the Statement, which have been audited by other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion.
We communicate with those charged with governance of the Holding Company and such other entities included in the Statement of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the Listing Regulations, to the extent applicable.
Other Matters
a) The Statement includes the audited financial statement of 7 subsidiaries whose financial statements reflect Group's share of total assets of Rs. 1,16,628.84 lakhs as at March 31, 2021, Group's share of total revenues of Rs. 7,064.05 lakhs and Rs. 25,333.76 lakhs and Group's share of total net profit/ (loss) after tax of Rs. 2,013.15 lakhs and Rs. (1,197.97) lakhs for the quarter and year ended March 31, 2021 respectively, and net cash outflow amounting to Rs. 1,015.08 lakhs for the year ended March 31, 2021, as considered in the Statement, which have been audited by their respective independent auditors. The independent auditors' reports on financial statements of these entities have been furnished to us by the management and our opinion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these entities, is based solely on the reports of such auditors and the procedures performed by us are as stated in section above.
One subsidiary is located outside India whose financial statements have been prepared in accordance with accounting principles generally accepted in their respective countries and which have been audited by their respective independent auditor under generally accepted auditing standards applicable in its respective country. The Holding Company's management has converted the financial statements of that subsidiary located outside India from accounting principles generally accepted in their respective country to accounting principles generally accepted in India. We have audited these conversion adjustments made by the Holding Company's management. Our opinion in so far as it relates to the balances and affairs of such subsidiary located outside India is based on the report of their respective independent auditor and the conversion adjustments prepared by the management of the Holding Company and audited by us.
b) The Statement include the unaudited financial results of 2 subsidiaries and 1 trust whose financial statements reflect Group's share of total assets of Rs. 2,904.14 lakhs as at March 31, 2021, Group's share of total revenues of Rs. 0.80 lakhs and Rs. 74.30 lakhs and Group's share of total net loss after tax of Rs.
Chartered Accountants
33.11 lakhs and Rs. 66.59 lakhs for the quarter and year ended March 31, 2021 respectively, and net cash outflow amounting to Rs. 164.92 lakhs for the year ended March 31, 2021, as considered in the Statement. These unaudited financial statements have been furnished to us by the Board of Directors and our opinion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries and trust is based solely on such unaudited financial statements. In our opinion and according to the information and explanations given to us by the Board of Directors, these financial statements are not material to the Group (including associate and joint venture).
Our opinion on the Statement is not modified in respect of the above matters with respect to our reliance on the work done and the reports of the other auditors and the financial statements certified by the Board of Directors.
The Statement includes the results for the quarter ended March 31, 2021, being the balancing figure between audited figures in respect of full financial year and the published unaudited year to date figures up to the third quarter of the current financial year which were subject to limited review by us.
For Haribhakti & Co. LLP Chartered Accountants ICAI Firm Registration No.103523W/W100048
Snehal Sha
Partner Membership No.: 048539
210 4853 9 A AAA CQ 5565 UDIN:
Place: Mumbai Date: June 22, 2021
| CENTRUM CAPITAL LIMITED | ||||||
|---|---|---|---|---|---|---|
| CIN L65990MH1977PLC019986 | ||||||
| Registered Office : Bombay Mutual Building, 2nd Floor, Dr.D.N.Road, Fort, Mumbai - 400001. | ||||||
| Corporate Office : Centrum House, C.S.T. Road, Vidya Nagari Marg, Kalina, Santacruz (East), Mumbai - 400098.Tel.: +91 22 42159000 Fax no.: +91 22 42159533 Email ID: [email protected] Website: www.centrum.co.in | ||||||
| Statement of Consolidated Audited Financials Results for the Quarter and Year ended March 31, 2021 | ||||||
| (₹ in Lakhs) | ||||||
| (except per equity share data) | ||||||
| Quarter ended | Year ended | |||||
| 31-Mar-21 | 31-Dec-20 | 31-Mar-20 | 31-Mar-21 | 31-Mar-20 | ||
| Particulars | Audited | Audited | ||||
| (Refer note no 6) | (Unaudited) | (Refer note no 6) | (Audited) | (Audited) | ||
| 1. | Revenue from operations | |||||
| a. Interest income | 7,962,93 | 7,619.61 | 7,351.77 | 30,981.72 | 29,759.76 | |
| b. Fees and commission Incomec. Net gain on fair value changes | 5,417.54 | 3,813.65 | 4,413.17 | 16,585,65 | 15,052.59 | |
| d. Others | 1,143.86(81.13) | 377.13219.51 | (421.30)915.85 | 2,214.01240.53 | 1,218.32 | |
| Total revenue from operations | 14,443.20 | 12,029.91 | 12,259.49 | 50,021.91 | 952.7546,983.42 | |
| Other Income | 395.76 | 281.81 | 296.43 | 1,292.62 | 1,064.42 | |
| Total Income | 14,838.96 | 12,311.72 | 12,555.92 | 51,314.53 | 48,047.84 | |
| 2. | Expensesa. Finance Costs | 6.044.38 | ||||
| b. Impairment on financial instruments (net) | 649.13 | 5,991.30366,90 | 3.768.4778.31 | 23,842,871,697.43 | 19,887.71 | |
| c. Employee Benefits Expense | 5,468.51 | 4,874.49 | 4,877.46 | 19,647.13 | (942.79)22,616.01 | |
| d. Depreciation and Amortisation Expense | 451.11 | 448.41 | 508.32 | 1,919.21 | 2,003.16 | |
| e. Other Expenses | 1,943.71 | 2,178.13 | 3,104.08 | 7,407.72 | 10,016.42 | |
| Total Expenses | 14,556.84 | 13,859.23 | 12,336.64 | 54,514.36 | 53,580.51 | |
| 3.4. | Profit/ (Loss) before exceptional Items and taxExceptional Items (Refer note no 4) | 282.12 | (1, 547.52) | 219,28 | (3, 199.83) | (5, 532.67) |
| 5. | Profit/(Loss) before tax (3-4) | 282.12 | (1, 547.52) | 3,048.763,268.04 | (3, 199.83) | 6,798.761,266.09 |
| 6. | Tax Expense | |||||
| Current tax | 99.28 | 52.78 | 63.02 | 562.86 | 270.95 | |
| Deferred tax | 142.70 | 41.98 | 698.72 | (83.57) | 1,753.58 | |
| Tax Adjustments for earlier years | 594.59 | (92.84) | 0.95 | 501.75 | (830.01) | |
| Total Tax Expense | 836.57 | 1.93 | 762.69 | 981.04 | 1,194,52 | |
| 7. | Net Profit/ (Loss) after tax before share of profit/(loss) of associates and jointventures (5-6) | (554.45) | (1, 549.44) | 2,505.35 | (4, 180.87) | 71.57 |
| 8. | Share of profit / (loss) of associates and joint ventures | |||||
| 9. | Net Profit/ (Loss) for the period/year (7+8) | |||||
| 10. | Other Comprehensive Income (OCI) | (554.45) | (1, 549.44) | 2,505.35 | (4, 180.87) | 71.57 |
| i. Item that will not be reclassified to profit or loss | ||||||
| (a) Remeasurement of Defined benefit scheme | 58.64 | (60.98) | 39,56 | (62.91) | (28.25) | |
| (b) Change in fair value of equity instruments designated at fair value through OCI | 0.08 | (16.43) | (0.68) | (16.43) | ||
| (c) Deferred tax on above | (12.49) | 8.93 | (4.86) | 5.01 | 5.05 | |
| ii. Items that will be reclassified to profit or loss(a) Debt Instruments through OCI | ||||||
| (b) Currency exchange difference on translation, net of tax | 4.43 | (0.25) | (36.51) | |||
| (c) Income tax relating to items that will be reclassified to profit or loss | 4.03 | 5,31٠ | ||||
| Total Other Comprehensive Income/(Loss) | 50.58 | (52.22) | (18.24) | (54.55) | (34.32) | |
| Total Comprehensive Income/(Loss) for the period/year | (503.87) | (1,601.67) | 2,487.11 | (4, 235.42) | 37.25 | |
| Net Profit/(Loss) for the period/year attributable toOwners of the company | ||||||
| Non-controlling interest | (1, 171.35)616.90 | (1,602.12)52.68 | 2,879.35(374.00) | (4,687,19) | 1,444.61 | |
| 506.32 | (1,373.04) | |||||
| Other Comprehensive Income/ (Loss) for the period/year attributable to | ||||||
| Owners of the company | 47.08 | (41.73) | (25.64) | (37.39) | (34.17) | |
| Non-controlling interest | 3.50 | (10.49) | 7.40 | (17.16) | (0.15) | |
| Total Comprehensive Income/ (Loss) for the period/year attributable to | ||||||
| Owners of the company | (1, 124.27) | (1,643.85) | 2,853.71 | (4, 724.58) | 1,410.44 | |
| Non-controlling interest | 620,40 | 42.18 | (366.60) | 489.16 | (1, 373.19) | |
| 11. | Paid-up Equity Share Capital (Face value of ₹ 1/- Each) | 4,160.33 | 4,160.33 | 4,160.33 | 4,160.33 | 4,160.33 |
| 12.13. | Other EquityEarning Per Share (not annualised for interim periods) (Face value of₹ 1/- Each) | 53,789.68 | 58,014.04 | |||
| (i) Basic $(3)$ | (0.28) | (0.39) | 0.69 | (1.13) | 0.35 | |
| (i) Diluted $(7)$ | (0.28) | (0.39) | 0.69 | (1.13) | 0.35 | |
lotes
The above Consolidated audited financial results for the quarter and year ended March 31, 2021 have been reviewed and recommended by the Audit Committee and approved by the Board at its 1 meeting held on June 22, 2021. The Statutory Auditors have issued audit report with unmodified opinion on above consolidated financials results.
These Consolidated audited financial results have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standards 34 - Interim Financia $\overline{2}$ Reporting ("Ind AS 34") prescribed under Section 133 of the Companies Act, 2013 ("the Act") read with relevant rules issued thereunder and other accounting principles generally accepted in India
The outbreak of COVID-19 pandemic across the globe and in India had a significant impact on the global and Indian financial markets and slowdown in economic activities. The Group hasgranted moratorium up to six months on $\overline{\mathbf{3}}$ policy read with the Reserve Bank of India (RBI) guidelines dated March 27, 2020 and May 23, 2020 relating to 'COVID-19 - Regulatory Package' and RBI guidelines on Asset Classification and Provisioning dated April 17, 2020. Further, period for which moratorium is granted has not been considered for computing date and noi guitarum or a change and noi guitarum and the considered for computing dated April 17, 2 Currently, the Group has considered the moratorium, various other measures taken by Government and the DPD status from the end of the moratorium period and the collection efficiency of the Currently, the Group has consider assets of the Group are recoverable. The impact of COVID -19 is dynamic, evolving and uncertain and impact assessment is based on the current situation. However, the actual impact may vary due to prevailing uncertainty caused by the pandemic.
Hon'ble Supreme Court, in a public interest litigation (Gajendra Sharma vs. Union Bank of India & Anc) vide an interim order dated September 3, 2020 had directed that accounts which were not non be supreme court, in a public interest ingation (cajenula sharma vs. chion bank or india & Anc) vide an intenth order dated september 3, 2020 had directed that accounts which were nodeclared NPA till August 31, 2020 s
The interim order stood vacated on March 23, 2021 vide the judgement of the Hon'ble Supreme Court in the matter of Small Scale Industrial manufacturers Association v/s UOI & Ors. and other connected matters. In accordance with the instructions in paragraph 5 of the RBI circular no. RBI/2021-22/17 DOR.STR. REC. 4/ 21.04.048/ 2021-22, dated April 07, 2021 issued in this connection, the Group has classified the borrower account as per the extant RBI norms/IRAC norms and as per the ECL model under Ind AS Financial Statements as on March 31, 2021
$\overline{4}$ Exceptional items for the quarter and year ended represents
| Particulars | Quarter ended | EXIM LAKISYear ended | ||||
|---|---|---|---|---|---|---|
| 31-Mar-21 | 31-Dec-20 | 31-Mar-20 | 31-Mar-21 | 31-Mar-20 | ||
| Profit/ (Loss) on Sale of Investments in subsidiary companies | (1.73) | 1.73 | ||||
| Gain on sale of debt trading business | 3,050.49 | 3,050.49 | ||||
| Forfeiture of upfront subscription on share warrants | 3,750,00 | |||||
| Total | 3.048.76 | C 700 7C |
The Consolidated Segment Results is attached herewith as per "Annexure 1" $\overline{5}$
The figures for the last quarter of the current year and of the previous year are the balancing figures between audited figures in respect of the full financial year and year to date reviewed figures 6 upto the end of the third quarter. $\overline{z}$
The Consolidated financial results for the quarter and year ended March 31, 2021 are being uploaded on the Company's website viz., www.centrum .co.in. $\overline{8}$
The previous period/year's figures have been regrouped/rearranged wherever necessary to conform to current period's/current year classification.
aspal Singh Bindra zecutive Chairman DIN: 00128320
Place: Mumbai Date: June 22, 2021
CENTRUM CAPITAL LIMITEDCIN L65990MH1977PLC019986Corporate Office : Bombay Mutual Building, 2nd Floor, Dr.D.N.Road, Fort, Mumbai - 400001.Corporate Office : Centrum House, C.S.T. Road, Vidya Nagari Marg, Kalina, Santacru
| Consolidated Statement of Assets and Liabilities as at March 31, 2021 | (₹ in Lakhs) | |
|---|---|---|
| As at | As at | |
| Particulars | 31-Mar-21 | 31-Mar-20 |
| (Audited) | (Audited) | |
| Assets | ||
| 1) Financial assets | ||
| Cash and cash equivalents | 20,909.16 | 16,880.67 |
| Bank balance other than cash and cash equivalents above | 26,317.78 | 22.204.43 |
| Derivative Financial Instruments | 4,410.05 | 2,494.84 |
| Receivables | ||
| i) Trade receivables | 3,456.92 | 5,967.31 |
| ii) Other receivables | 173.37 | |
| Loans | 218,389.98 | 198,119,21 |
| Investments | 7,783.09 | 4,676.09 |
| Other financial assets | 6,404.40 | 10,894.99 |
| Sub-total Financial assets | 287,671.38 | 261,410.90 |
| 2) Non-financial assets | ||
| Current tax assets (net) | 4,559.44 | 5,638.40 |
| Deferred tax assets (net) | 5,146.68 | 5,384.15 |
| Investment property | 3,397.83 | |
| Property, plant and equipment | 5,810,95 | 2,877.81 |
| Capital work-in-progress | 7.94 | |
| Right of use assets | 1,631.54 | 2,779.21 |
| Goodwill on consolidation | 4,779.42 | 4,779.42 |
| Goodwill | 3,943.37 | 3,943.37 |
| Other intangible assets | 781.55 | 922.56 |
| Other non-financial assets | 1,666.80 | 1,698.22 |
| Sub-total Non-financial assets | 28,327.69 | 31,420.97 |
| Total assets | 315,999.07 | 292,831.87 |
| Pavables(I) Trade payables(i) total outstanding dues of micro enterprises and small enterprises(ii) total outstanding dues of creditors other than micro enterprises and small enterprises(II) Other payables(i) total outstanding dues of micro enterprises and small enterprises(ii) total outstanding dues of creditors other than micro enterprises and small enterprisesDebt securities | 5.418,162.14130,466.6261,022.12 | 5.948,836.13ä,91,466.0680.895.37 |
| Borrowings (other than Debt securities) | 1,000.00 | |
| Subordinated liabilities | 1,000.00 | |
| Lease liability | 1,844.61 | |
| Other financial liabilities | 2,885.34 | |
| Sub-total Financial liabilities | 15,714.05235,393.09 | |
| 14,566.22208,615.98 | ||
| 2) Non-financial Liabilities | ||
| Provisions | ||
| Other non-financial liabilities | 860.04 | |
| 2,121.17 | 580.181,932.40 | |
| Sub-total Non-financial liabilities | 2,981.21 | |
| 3) Equity | ||
| Equity share capital | 4,160.33 | |
| Other equity | 53,789.68 | |
| Total equity | 57,950.01 | |
| 4) Non-Controlling Interest | ||
| 19,674.76 | 2,512.584,160.3358,014.0462,174.3719,528.94 | |
| Total Liabilities And Equity | 315,999.07 | 292,831.87 |
Place: MumbaiDate : June 22,2021
Jaspal Singh BindraExecutive ChairmanDIN : 00128320
B
Liming
Murtosi
ERIVED
Cap
i.
| Registered Office : Bombay Mutual Building, 2nd Floor, Dr.D.N.Road, Fort, Mumbai - 400001.Corporate Office : Centrum House, C.S.T. Road, Vidya Nagari Marg, Kalina, Santacruz (East), Mumbai - 400098. | ||
|---|---|---|
| Tel.: +91 22 42159000 Fax no. : +91 22 42159533 Email ID: [email protected] Website: www.centrum.co.in | ||
| Consolidated Statement of Cash Flow for the year ended March 31, 2021 | (₹ in Lakhs) | |
| Particulars | Year ended | Year ended |
| 31-Mar-21 | 31-Mar-20 | |
| (Audited) | (Audited) | |
| AlCash Flow from Operating Activities: | ||
| Profit/(Loss) before tax | (3, 199.83) | 1,266.09 |
| Adjustments for: | ||
| Depreciation and amortisation expense | 1,919.21 | 2,003.16 |
| Gain on sale of debt trading businessForfeiture of upfront subscription on share warrants | (3.050.49) | |
| Gain on Direct Assignment | (341.39) | (3,750.00) |
| Impairment on financial assets | 1,697.43 | (356.56)(942.79) |
| Net effect of exchange rate changes | 4.42 | 1.79 |
| Interest income | (809.19) | (4, 421.50) |
| Profit on sale of investments (net) | (13.19) | (91.10) |
| Fair value gain on financial instruments | (2,213.01) | (1, 218.32) |
| Loss/(Profit) on sale of property, plant and equipment | 0.52 | 5.99 |
| Property Plant and Equipment written off | 121.55 | |
| Gain on modification of right of use / sub-lease | (5.84) | (86.63) |
| Employees stock option provision | 331.30 | 545.45 |
| Dividend Income on investment | (1.00) | (16.24) |
| Finance costs | 7,469.63 | 5,925.42 |
| Operating profit before working capital changesAdjustments for: | 4,960.59 | (4, 185.74) |
| Decrease/(Increase) in other financial assets | ||
| Decrease/(Increase) in other non-financial assets | 3,021.84 | (9,021.47) |
| Decrease/(Increase) in Loans(net) | (168.16) | 1,062.48 |
| Decrease/(increase) in trade receivables | (18, 220.39) | (7,039.51) |
| Increase/(Decrease) in other financial liabilities | 2,758.63 | 2,264.85 |
| Increase/(Decrease) in derivatives financial instruments (net) | 209.42 | 1,615.80 |
| Increase/(Decrease) in other non financial liabilities | 2,488.30 | (538.83) |
| Increase/(Decrease) trade payables | (22.57) | (839.34) |
| Increase/(Decrease) other liabilities and provisions | (334.33) | 4,338.61 |
| Cash Generated from operations | 991.96 | 40.57 |
| Direct taxes paid (net of refunds) | (4, 314.72) | (12, 302.58) |
| Net Cash generated from/(used in) Operating Activities | 277.88 | (5,477.70) |
| (4,036.84) | (17, 780.27) | |
| BCash Flow from Investing Activities: | ||
| Purchase of property, plant and equipment | (539.40) | (740.67) |
| Proceeds from sale of property, plant and equipment | 69.18 | 241.60 |
| Sale / (Purchase) of Treasury Shares | 62.50 | (491.85) |
| Purchase consideration paid on business combination | (1, 877.18) | |
| Proceeds from sale of debt trading business | 2,049.51 | |
| Investment in fixed deposits (net) | (2,630.73) | 2,343.44 |
| Acquistion / Proceeds from purchase / sale of investments (net) * | (2,767.89) | 10,457.07 |
| Proceeds from sale of investment in subsidiaries | 156.01 | |
| Loan given | (733.72) | |
| Interest received | 913.30 | 1,146.32 |
| Dividend Income on investment | 1.00 | 16.24 |
| Net Cash generated/ (used in) from in Investing Activities | (5,625.76) | 13,300.49 |
| $\mathbf C$ | ||
| Cash Flow from Financing Activities: | ||
| Proceeds from issuance of share capital | 18,714.36 | |
| Repayment of debt securities | 68,402.54 | 19,653.86 |
| Proceeds of Borrowings (other than debt securities) (net) * | (44, 444.57) | (28, 174.92) |
| Payment of lease liabilityDividend paid | (1, 225, 35) | (1, 204.28) |
| Finance costs paid | (262.38) | |
| Net cash generated from/(used in) financing activity | (9,041.53) | (2,474.84) |
| 13,691.09 | 6,251.81 | |
| Net Increase in cash and cash equivalents | 4,028.49 | 1,772.03 |
| Cash and cash equivalents as at the beginning of the Year | 16,880.67 | 15,108.64 |
| Cash and cash equivalents as at the end of the Year | 20,909.16 | 16,880.67 |
| * Net figures have been reported on account of volume of transactions. | ||
| For Centrum Capital Limited | ||
| Place: Mumbai | Jaspal Singh Bindra | ralLi |
| Date: June 22, 2021 | Executive ChairmanDIN: 00128320 |
Higed Centres ×
Centrum Capital LimitedAnnexure 1
| Consolidated Segment Results for the Quarter and Year ended March 31, 2021 | Quarter ended | ₹ In Lakhs | ||||
|---|---|---|---|---|---|---|
| Sr. No. | Particulars | March | Year ended | |||
| 31, 2021(Audited) | December31, 2020(Unaudited) | March31, 2020(Audited) | March31, 2021(Audited) | March31, 2020(Audited) | ||
| $\mathbf{1}$ | Segment revenue [Total income] | |||||
| Institutional Business | 1,726.73 | 1,667.26 | 1,544.24 | 6,618.50 | 3,838.34 | |
| Wealth Management & Distribution | 4,890.90 | 2,142.57 | 3,711.08 | 12,048.68 | 13,930.51 | |
| Housing Finance | 1,661.88 | 1,746.39 | 1,541.28 | 6,801.61 | 5,206.79 | |
| SME/ Micro credit Lending | 6,598.08 | 5,366.99 | 6,145.24 | 23,963.96 | 23,389.93 | |
| Unallocated | 2,985.93 | 3,070.91 | 1,115.06 | 9,972.44 | 9,422.11 | |
| Less : Elimination | (3, 420.33) | (1,964.22) | (1,797.41) | (9, 383.28) | (8,804.26) | |
| Total Income | 14,443.19 | 12,029.91 | 12,259.49 | 50,021.91 | 46,983.42 | |
| $\overline{\mathbf{2}}$ | Segment Results [Profit/ (Loss) before tax] | |||||
| Institutional Business | (838.31) | 18.26 | 232.14 | (575.72) | (1, 565.04) | |
| Wealth Management & Distribution | 1,099.30 | (317.33) | (834.06) | 147.57 | (1,095.46) | |
| Housing Finance | 280.11 | 417.86 | (90.00) | 1,526.30 | 259.84 | |
| SME/ Micro credit Lending | 885.51 | (709.39) | 1,358.31 | 347.44 | 1,623.62 | |
| Unallocated | 2,978.77 | (472.17) | 2,585.86 | 6,404.33 | 2,289.14 | |
| Less : Elimination | (1,096.91) | (361.18) | (2,068.42) | (2,992,30) | (573.59) | |
| Profit / (Loss) before tax | 3,308.46 | (1, 423.96) | 1,183.83 | 4,857.61 | 938.51 | |
| Less : | ||||||
| a) Interest (Income)/expense (Net) | 1,690.68 | 1,112.85 | 885.33 | 7,469.63 | 5,925.42 | |
| b) Unallocated (Income)/expenditure (Net) | 1,335.66 | (989.29) | 79.22 | 587.81 | 545.76 | |
| Total Profit before exceptional item and tax | 282.12 | (1, 547.52) | 219.28 | (3, 199.83) | (5, 532.67) | |
| Exceptional Items | 3,048.76 | 6,798.76 | ||||
| Total Profit / (Loss) before tax | 282.12 | (1, 547.52) | 3,268.04 | (3, 199.83) | 1,266.09 | |
| 3 | Segment Assets | |||||
| Institutional Business | 4,572.40 | 5,083.90 | 7,407.03 | 4,572.40 | 7,407.03 | |
| Wealth Management & Distribution | 16,813.80 | 20,332.94 | 24,343.91 | 16,813.80 | 24,343.91 | |
| Housing Finance | 67,060.23 | 65,592.08 | 61,933.27 | 67.060.23 | 61,933.27 | |
| SME/ Micro credit Lending | 165,772.76 | 153,980.16 | 157,063.78 | 165,772.76 | 157,063.78 | |
| Unallocated | 187,656.80 | 190,361.39 | 169,251.60 | 187,656.80 | 169,251.60 | |
| Less : Elimination | (125, 876.93) | (133, 926.45) | (127, 167.72) | (125, 876.93) | (127, 167.72) | |
| Total Assets | 315,999.07 | 301,424.02 | 292,831.87 | 315,999.07 | 292,831.87 | |
| 4 | Segment Liabilities | |||||
| Institutional Business | 1,015.12 | 1,678.01 | 2,760.77 | 1,015.12 | 2,760.77 | |
| Wealth Management & Distribution | 19, 154.25 | 23,245.78 | 27,596.77 | 19,154.25 | 27,596.77 | |
| Housing Finance | 26,993.49 | 25,817.81 | 23,235.48 | 26,993.49 | 23,235.48 | |
| SME/ Micro credit Lending | 127,609.92 | 116,672.48 | 121,597.57 | 127,609.92 | 121,597.57 | |
| Unallocated | 91,382.54 | 92,364.35 | 68,500.16 | 91,382.54 | 68,500.16 | |
| Less: Elimination | (27, 781.02) | (36, 819.26) | (32, 562.19) | (27, 781.02) | (32, 562, 19) | |
| Total Liabilities | 238,374.30 | 222,959.17 | 211,128.56 | 238,374.30 | 211,128.56 | |
| 5 | Capital employed [Segment assets - Segment liabilities] | |||||
| Institutional Business | 3,557.28 | 3,405.89 | 4,646.26 | 3,557.28 | 4,646.26 | |
| Wealth Management & Distribution | (2,340.45) | (2,912.84) | (3,252.86) | (2,340.45) | (3, 252.86) | |
| Housing Finance | 40,066.74 | 39,774.27 | 38,697.79 | 40,066.74 | 38,697.79 | |
| SME/ Micro credit Lending | 38,162.85 | 37,307.67 | 35,466.21 | 38,162.85 | 35,466.21 | |
| Unallocated | 96,274.26 | 97,997.05 | 100,751.44 | 96,274.26 | 100,751.44 | |
| Less : Elimination | (98, 095.91) | (97, 107, 19) | (94, 605.53) | (98, 095.91) | (94, 605.53) | |
| Total Capital Employed | 77,624.77 | 78,464.85 | 81,703.31 | 77.624.77 | 81.703.31 |
