Cera Sanitaryware Ltd. — Annual Report 2021

Jun 10, 2021

1

2021

� BSE Um ited l\lational of India Limited nship Department Plaza 1st Floor, New Trading Ring Sandra Kurla Complex Building, P J Towers Sandra (East) Dalal Street, For( Mumbai - 400001. Mumbai - 400051. Scrip Code :532443 Scrip ID: CERA . Symbol: CERA

Dear

Su Board Outcome

In continuation to our letter No. CS 1-22/81 dated 3pt , 2021, we would like to inform that the Directors at their held today i.e. orr 10.06.2021 has.

1. Considered and Approved Audited Annual Financial Results and Financial Statements

2. Recommended a dividend of Rs. 1 per Fu paid-up equ share of Rs. 5/- each. The dividend, if approved by the will be dispatched / remitted within 30 days from the date declaration.

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1. Decided to incur capital iture of Rs. 25.60 Crores for the financial year 202122 towards Automation and Ba equipment Sa and faucetware plants, Sales &. Ma --customer nt, IT u and other routine Capex"

2. Decided to Annuai General on Wednesday, 4th day of August, 2021 and book closure from Ju 2021 to 27th 2021 (both days

3. a) as well as idated Audited Financial Results for quarter year on 31.032021 as reviewed Audit Committee and approved by the Board

4. of Directors at its

5. as as Statement of Assets t'x Liabilities as at

6. 31.03.2021. Standalone as wel! as Consol Statement of for the ended 31.03.2021

7. e) Extract of Financial Resu for the quarter and year ended 31.03.2021.

(l i1

Corporate Office: 7" & 8'" Floors, B Wing, Privilon, Ambli BRTS Road, lskcon Crossroads, Ahmedabad 380059, India Tel: +91 79 49112222 Email: marketing@cera-india.comWeb:www.cera-india.com Registered Office & Works: 9, GIDC Industrial Estate, Kadi 382715, District Mehsana; North Gujarat CIN: l2691OGJl998PLC034400

• d) .i\uditor's Report 011 Standalone and i'.\udited Financial Results for the quarter year ended 31.03.2021.

• e) Declaration regarding u 0 ion on Financial Results

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The meeting commenced at 11:30 a.rn. at 12:45 p.m.

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take the same on your records.

Thanking you,

Yours ithfu For Cera Sanita re Limited, Hemal Sadiwala Company Secretary Encl: as above

If

(:li!r,a1 Umit�li.I

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Corporate Office: th & 8" Floors, B Wing, Privilon, Ambli BRTS Road, lskcon Crossroads, Ahmedabad 380059, India Tel: +91 79 49112222 Email: marketing@cera-india.comWeb:www.cera-india.com

Registered Office & Works: 9, GIDC Industrial Estate, Kadi 3827"15, District Mehsana, f�orth Gujarat CIN: L26910GJ1998PLC034400

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CERA SANITARYWARE LIMITED

STATEMENT OF STANDALONE AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31ST MARCH, 2021

, Sr. No.	, Sr. No.	Particulars INCOME	( Rs.In Lakhs) Standalone Quarter Ended Year Ended 31.03.2021 31.12.2020 31.03.2020 31.03.2021 31.03.2020 (Audited) (Unaudited) (Audited) (Audited) (Audited)
I		Revenue from Operations	43137.46 30984.10 29323.74 120170.67 120916.40
II		Other Income 246.74 850.49 425.43 2178.92 1555.60 Total Income ( I+ II) 43384.20 31834.59 29749.17 122349.59 122472.00 E XPE NSES
Ill
IV
		(a) Cost of Materials consumed 3723.05 1688.95 2609.49 8530.83 10489.30
		(b) Purchases of Stock-in-Trade 20714.62 16340.69 13153.62 52797.09 50522.29
		(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (1660.74) (22.72) (1854.55) 3402.44 (2493.23)
		(d} Employee benefits expense 4284.22 3419.70 3868.11 14433.20 16039.80
		(e} Finance costs 138.24 95.22 116.10 426.77 440.27 (f) Depreciation and amortization expense 839.25 838.61 905.44 3323.04 3267.32
		(g) Other expenses 9761.40 5586.72 7307.04 26011.74 30145.41 Total Expenses ( IV) 37800.04 27947.17 26105.25 108925.11 108411.16 Profit/(Loss) before exceptional items and tax ( Ill-IV) 5584.16 3887.42 3643.92 13424.48 14060.84
v
VI		Exceptional Items - Profit/(Loss) before tax ( V-VI ) 5584.16 3887.42 3643.92 13424.48 14060.84 Tax expenses ::
VII
VIII
		---- Current Tax 1670.39 806.00 1222.31 3279.05 3712.25
		---- Deferred Tax (387.74} 172.39 (1425.19) 15.10 (1245.64) Profit/( Loss) for the period from continuing operations after tax { VII-VIII) 4301.51 2909.03 3846.80 10130.33 11594.23 Profit/ ( loss ) from discontinued operations - - - -
IX
x
XI		Tax expenses of discontinued operations - - -
XII XIII		Profit/ ( loss) from discontinued operations ( after tax) ( X-XI) Net Profit/( Loss) for the period ( IX+Xll ) 4301.51 2909.03 3846.80 10130.33 11594.23 Other Comprehensive Income ( OCI ) 132.70 (37.42) (63.88) 20.44 (148.66)
XIV
		A.Items that will not be reclassified to profit or loss ( Net of tax ) 132.70 (37.42) (63.88} 20.44 (148.66)
		B . Items that will be reclassified to profit or loss (Net of tax) - - - Total Comprehensive Income for the period ( Xlll+XIV) comprising Profit/{loss) 4434.21 2871.61 3782.92 10150.77 11445.57 and other comprehensive income for the period ( Xlll+XIV) Paid-up Equity Share Capital ( F V Rs.5/- per share) 650.29 650.29 650.29 650.29 650.29 Other Equity ( excluding Revaluation Reserve) 86789.63 76638.86 Earnings per equity share (For continuing operations)(not annualised):
xv
XVI
XVII
XVIII
		(1) Basic (Rs.) 33.07 22.37 29.58 77.89 89.15
		(2) Diluted (Rs.) 33.07 22.37 29.58 77.89 89.15 Earnings per equity share (For discontinued operations )
XIX
		(1) Basic (Rs.) - - -
		(2) Diluted (Rs.) Earnings per equity share (For discontinued&continuing operations)(not annualised):
xx
		(1) Basic (Rs.)	33.07 22.37 29.58 77.89 89.15
		(2) Diluted (Rs.)	33.07 22.37 29.58 77.89 89.15

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CERA SANITARYWARE LIMITED

Notes to the Statement of Audited Standalone Financial Results for the Quarter and year ended March 31, 2021:

• 1) These standalone audited financial results of the Company for the quarter and year ended March 31, 2021 have been reviewed by the Audit Committee and then approved by the Board of Directors at their respective meetings held on June 10, 2021. The Statutory Auditors have expressed an unmodified audit opinion on these financial results.

• 2) The above standalone audited financial results have been prepared in accordance with the recognition and measurement principles of the Companies Indian Accounting Standards ("Ind AS") as prescribed under Section 133 of the Companies Act, 2013, read with the Companies (Indian Accounting Standards) Rules, 2015, as amended and other recognized accounting practices and policies to the extent applicable.

• 3) The Company operates mainly in manufacturing of "Building Products" and all other activities are incidental thereto which have similar risk and return. Further, the sales are substantially in the domestic market. Accordingly, there are no separate reportable segments as required under Ind AS 108 "Operating Segment".

• 4) The Company has made provision for Expected Credit Losses in respect of trade receivables aggregating to Rs. 945.53 lakhs and of capital advances aggregating to Rs. 211.01 lakhs upto March 31, 2021 as against the gross doubtful I litigated amounts in respect of trade receivables of Rs. 1841.03 lakhs and capital advances of Rs. 468.91 lakhs. On-going and continuous efforts I actions taken by the management are likely to result into recovery of the balancing unprovided amount in the foreseeable future.

• 5) The Company has, at the date of approval of these financial statements, taken in to account internal and external sources of information for assessing possible impact of COVI D-19 on various elements of its financial results. It is estimated that the carrying amount of the financial and non-financial assets will be recovered. However, the impact

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of COVI D-19 on the Company's financial statements may differ from that estimated as at the date of approval of these financial statements.

• 6) The manufacturing activities in respect of Sanitaryware Unit have been materially affected, while that of Faucetware Unit have been affected marginally as a result of partial disruption by workers at the Company's plant located at Kadi, from September 28, 2020 to December 22, 2020.This has moderately impacted the financial performance of the Company for the current financial year.

• 7)[The figures for the quarters ended March 31, 2021 and March 31, 2020 are the balancing ] figures between audited figures in respect of the full financial year and year to date figures up to the third quarter of the relevant financial years which were subjected to limited review.

• 8) The Board of Directors at its meeting held on June 10, 2021 has recommended a dividend of Rs.13 /-per fully paid-up equity share of Rs. 5 /- each for the financial year 2020-21.

• 9) Figures of the previous periods have been regrouped I reclassified I restated wherever considered necessary.

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By Order of the Board of Directors For Cera Sanitaryware Limited

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Date : June 10, 2021 Place : Ahmedabad

Atul Sanghvi

Executive Director & CEO ( DIN : 00045903 )

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Cera Sanitaryware Limited

Standa lone Cash F low Statement for the year ended 31st March, 2021

Cera Sanitaryware Limited	Cera Sanitaryware Limited
Standa lone Cash F low Statement for the year ended 31st March,2021				(Rs.in Lakhs)
	Year ended		Year	ended
Particulars	March 31st,	2021	March 31st, 2020
	Rs	Rs	Rs	Rs
A. Cash flows from Operating activities
Net Profit before tax		13424.48		14060.84
Adjustments for :
Depreciation&Amortization	3323.04		3267.32
Allowance for expected credit loss - Trade Receivables	336.07		404.51
Allowance for expected credit loss - Capital Advances	117.23		93.78
Impairment Loss on InvestmentIBusiness Loss in Associate Entities	32.60		0.77
Amortisation of Prepaid Rentals	13.35		18.11
Bad Debts	16.00		1.44
Finance Cost (Other than Loss on Foreign Exchange Fluctuations)	421.58		440.27
Interest on Security Deposit (Non Cash)	(12.60)		(16.74)
Other Interest Received	(291.91)		(200.71)
Foreign Exchange Variation (Income)ILoss (Net)	7.22		7.18
Profit on Sale of Investments	(63.99)		(135.92)
Net Gain on Fair Valuation of Investments in Mutual Funds	(1648.46)		(1130.57)
Liabilities&provisions no longer required, written back	(111.97)		(45.98)
LossI(Gain) on Foreign Currency Translation (Net)	5.19		(5.98)
LossI(Profit) on Sale of Property, Plant and Equipment (Net)	(30.02)		157.08
Share of Profit on Investment in LLP	(5.10)
LossI(Gain) on Termination of Lease	3 34
		2111.57		2854.56
Operating profit before working capital changes		15536.05		16915.40
Adjustments for changes in working capital
(lncrease)/Decrease in Inventories	3480.86		(2531.60)
(lncrease)/Decrease in Trade Receivables	1067.86		7203.57
(lncrease)/Decrease in Other Financial Assets	(34.94)		35.89
(lncrease)/Decrease in Other Assets	3183.28		(1611.88)
lncrease/(Decrease) in Trade Payable	5886.54		(1020.54)
lncrease/(Decrease) in Other Financial Liabilities	(592.33)		(1277.60)
Increase/( Decrease) in Provisions	(53.42)		255.50
lncrease/(Decrease) in Other Liabilities	684.9/		(620.45)
		13622.77			432.89
Cash generated from operations		29158.82		17348.29
Income Taxes paid		(2961.35)		(5024.76)
Net cash generated by Operating activities (Total-A)		26197.47		12323.53
8. Cash flow from Investing activities
Payments for Property.Plant and Equipments ,Capital Work-in-progress &Capital Advances	(954.66)		(4130.83)
Payments for Computer Software	(24.14)		(52.25)
Proceeds from sale of Property, Plant and Equipments &Intangible Assets	57.58		93.43
Payments for purchase of Debentures	(1221.57)		(203.42)
Proceeds from Redumption of Debentures	1371.24
ProceedsI(Payments) from Fixed Deposits	(253.07)		118.70
Payments for purchase of Mutual Funds	(39882. 19)		(18050.00)
Proceeds from sale of Mutual Funds	17138.68		16072 80
Payments for purchase of Bonds	(307.22)		(1589 35)
Proceeds from Redumption of Bonds	20.96
Payments for Investments in Subsidiaries and Associates	(510.00)
Share of Profit on Investment in LLP	5.10
Interest Received	291.91		151.62
Dividend Income			24.23
Net cash used in Investing activities (Total-8)		(24267.38)		(7565.07)
C. Cash flow from Financing activities
Payment of Lease Liabilities	(729.77)		(717.23)
Repayment of Short Term Borrowings (Working Capital)	(273.34)		(303.03)
Dividend on Equity Shares paid			(3381.52)
Tax on Dividend			(695.08)
Finance Cost (Other tlian Non Cash)	(250.79)		(234.65)
Net cash used in Financing activities (Total-C)		(1253.90)		(5331.51)
Net increase in cash&cash equivalents (A+B+C)		676.19		(573.05)
Cash&cash equivalent - Opening Balance	33.88		606.93
Cash&cash equivalent - Closing Balance	710.07		33.88
Note : The above Statement of Cash Flows has been prepared under the "Indirect Method" as set out in theIndAS				7,'Statement
of Cash Flows'.
Date: June 10, 2021
Place:.Ahmedabad

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Ns M. NAGRI & CO.

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CHARTERED

• 'A' Block, 5[th ] Floor, A-1 & A-2, Safa! Profitaire, Opp. Prahlad Nagar Garden, Near Hotel Prahlad Nagar, 015 40064694, 40064695, 40061203 +E-mail:

Auditor's on the and Year to Date audited Standalone Financial Results of Cera Limited to the 33 of the SEBI and Disclosure 2015

To the Board of Directors of

CERA SANITARYTWARE LIMITED

Opinion

We have audited the accompanying Statement of Standalone Financial Results of CERA SANITARYWARE LIMITED ("the Company"), for the three months and year ended 31st March, 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 ("the Listing Regulations").

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid standalone financial results:

• a. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations, as amended; and

• b. give a true and fair view in conformity with the recognition and measurement laid down in the applicable Indian Accounting Standards, and other accounting principles generally accepted in India of the net profit and other comprehensive income and other financial information of the Company for the three months and year ended 31st March, 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 as amended ("the Act"). Our responsibilities under those Standards are further described in the Auditor1s Responsibilities 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 together with the ethical requirements that are relevant to our audit of the standalone statements under the provisions of the Act the Rules thereunder, and we have fulfilled our

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ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained, is sufficient appropriate to provide a basis for our opinion.

Management's and Board of Directors' Responsibilities fo:r tbe Standalone Financial Results

These standalone financial results have been prepared on the basis of the standalone financial statements.

The Company's Management and the Board of Directors are responsible for the preparation and presentation of these standalone financial results that give a true and fair view of the net profit and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in 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. 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 in-egularities; selection and application of appropriate accounting policies; making judgements 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 standalone financial results that give a true and fair view and are free from material misstatement, whether to fraud or en-or.

In preparing the standalone financial results, the Management and 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 liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The Board of Directors is also responsible for overseeing the Company's financial reporting process.

Auditor's Responsibilities for the Audit of the Standalone Financial Results

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 e1Tor and are considered material if, individually or the aggregate, they could reasonably be expected to influence the economic decisions of users on the basis of these standalone financial results. Our objectives are to obtain reasonable assurance about whether the standalone financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an rep01i that includes our opinion. Reasonable assurance is a high level of assurance,

skepticism throughout the audit. We also: of an in accordance with SAs, we exercise professional judgment and maintain

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• higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. our opinion. The risk of not detecting a material misstatement resulting from fraud is Identify and assess the risks of material misstatement of the financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain evidence that is sufficient and appropriate to provide a basis for

• Obtain an understanding of 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 through a separate report on the complete set of standalone financial statements on whether the Company has internal financial controls with reference to standalone financial statements in place and the operating effectiveness of such controls.

• 1 Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Management and Board of Directors.

• Conclude on the appropriateness of the Management and 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 uncertainly exists, we are required to draw attention in our auditor's report to the related disclosures in the standalone financial results 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 Company to cease to continue as a going concern.

• 1 Evaluate the overall presentation, structure and content of the standalone financial results, including the disclosures, and whether the standalone financial results the underlying transactions and events in a manner that achieves fair presentation.

Materiality is the magnitude of misstatements in the standalone financial results that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the standalone financial results may be We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified in the standalone financial results.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, any significant deficiencies in control we identify during our audit.

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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.

Other Matters

• We draw attention to Note No. 4 to the Statement of audited standalone financial results which states that the Company has made provision for Expected Credit Losses in respect of trade receivables aggregating to Rs. 945.53 lakhs and of capital advances aggregating to Rs. 211.01 lakhs upto 31st 2021 as against the gross doubtful I litigated amounts in respect of trade receivables of Rs 1,841.03 lakhs and capital advances of Rs. 468.91 lakhs. The management believes that on-going and continuous efforts I actions taken by it are likely to result into recovery of the balancing unprovided amount in the foreseeable future. The Management has assured that they shall review the status from time to time during the ensuing year.

• We draw attention to Note No. 5 to the Statement of audited standalone financial results which explains that the Company has considered internal and external sources of information for assessing possible impact of COVID-19 on various elements of its financial results. It is estimated that the carrying amount of the financial and non­ financial assets will be recovered. However, the impact of COVID-19 on the Company's financial statements may differ from that estimated by the management.

Our report is not modified in of above two matters.

• The standalone financial results include the results for the quarter ended 31st March, 2021 being the figures between the audited figures in respect of the full financial year ended 31st March, 2021 and the published unaudited year to date figures up to the third quaiier of the current financial year which were subjected to a limited review by us as required the Listing Regulations.

For N M NAGRI & CO. Chartered Accountants Firm Registration No.106792W

Place: Date: 10[11! ] .June, 2021

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(N. M. NAGRI)
PROPRIETOR
Membership No. 016992
UDIN: 2HH6992AAAABF4024
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CERA SANITARYWARE LIMITED

		CERA SANITARYWARE LIMITED	CERA SANITARYWARE LIMITED	CERA SANITARYWARE LIMITED	CERA SANITARYWARE LIMITED
		STATEMENT OF CONSOLIDATED AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31ST MARCH, 2021
- Sr.		Particulars		( Rs.In Lakhs)
				Consolidated
				Quarter Ended Year Ended
No.				31.03.2021 31.12.2020 31.03.2020 31.03.2021	31.03.2020
		INCOME		(Audited) (Unaudited) (Audited) (Audited) 43842.29 31577.79 29784.79 122432.68	(Audited) 122368.89
I		Revenue from Operations
II Ill		Other Income To EXPENSES	429.73 940.38 523.15 2516.19 tal Income ( I + II ) 44272.02 32518.17 30307.94 124948.87		1822.03 124190.92
IV
	(a)	Cost of Materials consumed	5422.6 2892.91 3567.44 12722.11		14674.93
	(b)	Purchases of Stock-in-Trade	17771.08 14148.98 1 1378.95 45354.23		43145.86
	(c)	Changes in inventories of finishedgoods, work-in-progress and	stock-in-trade (1556.13) (98.46) (1699.51) 4603.61		(2795.20)
	(d)	Employee benefits expenses	4833.41 3569.71 4506.61 15367.88		17073.82
	(e)	Fina nee costs	280.48 229.49 265.19 972.86		1005.04
	(f)	Depreciation and amortization expenses	1002.87 998.13 1055.79 3957.09		3877.22
	(g)	Other expenses	10362.67 6748.15 7800.55 28579.12		33721.77
		T Profit/(Loss) before exceptional items and tax (Ill-IV )	otal Expenses ( IV ) 38116.98 28488.91 26875.02 111556.90 6155.04 4029.26 3432.92 13391.97		110703.44 13487.48
v
V I		Exceptional Items Profit/(Loss) before tax ( V-VI ) Tax expenses ::	6155.04 4029.26 3432.92 13391.97		13487.48
VII
VIII
		---- Current Tax	1755.60 807.78 1222.31 3366.04		3712.25
		---- Deferred Tax Profit/(Loss) for the period from continuing operations after tax Profit/ ( loss ) from discontinued operations	(367.93) 152.76 (1355.23) 35.26 (VII-VIII ) 4767.37 3068.72 3565.84 9990.67		(1278.37) 11053.60
IX
x XI
		Tax expenses of discontinued operations
XII		Profit/ ( loss ) from discontinued operations ( after tax ) ( X-XI ) Net Profit/(Loss) for the period ( IX+Xll ) Add : Share in Profit / ( Loss ) of Associates Net Profit/(Loss) for the period ( Xlll+XIV) Other Comprehensive Income(OCI)	4767.37 3068.72 3565.84 9990.67 24.39 2.12 20.08 4.76 4791.76 3070.84 3585.92 9995.43		11053.60 6.49 11060.09
XIII
XIV xv XVI
		A. Items that will not be reclassified to p or loss ( Net of tax	) . 134.73 (37.53) (66.94) 22.13		(149.12)
		B . Items that will be reclassified to profit or loss ( Net of tax ) Total Comprehensive Income for the period ( Xlll+XIV ) comprising Profit/(loss) 4926.49 and other copmrehensive income for the period (XV+XVI) 3033.31 3518.98 10017.56 Net Profit Attributable to: Owner of the Holdingcompany 4576.97 2992.59 3723.97 10077.34			10910.97
XVII
XVIII
					11325.38
		Non-controlling Interests 214.79 78.25 (138.05) (81.91)			(265.29)
		4791.76 3070.84 3585.92 9995.43 Other Comprehensive Income attributable to :			11060.09
		Owner of the Holdingcompany 133.74 (37.48) (65.43) 21.30			(148.89)
,_		Non-controlling Interests 0.99 (0.05) (1.51) 0.83 134.73 (37.53) (66.94) 22.13			(0.23) (149.12)
		Total Comprehensive Income attributable to :
		Owner of the Holdingcompany 4710.71 2955.11 3658.54 10098.64			11176.49
		Non-controlling Interests 215.78 78.20 (139.56) (81.08)			(265.52)
XIX		4926.49 3033.31 3518.98 10017.56 Paid-up Equity Share Capital ( F V Rs.5/- per share ) 650.29 650.29 650.29 650.29 Other Equity (Excluding Revaluation Reserve ) 86523.48 Earnings per equity share (For continuing operations)( not annualised): (1) Basic ( Rs.) 35.19 23.01 28.63 77.48 (2) Diluted ( Rs.) 35.19 23.01 28.63 77.48 Earnings per equity share ( For discontinued operations ) (1) Basic ( Rs.) 0.00 0.00 0.00 0.00 (2) Diluted ( Rs.) 0.00 0.00 0.00 0.00 Earnings per equity share (For discontinued&continuing operations)(not annualised): (1) Basic ( Rs.) 35.19 23.01 28.63 77.48 (2) Diluted ( Rs.) 35.19 23.01 28.63 77.48			10910.97 650.29 76423.91
xx
XXI
					87.08
					87.08
XXll
					0.00
					0.00 87.08
XXlll	-
					87.08

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CERA SANITARYWARE LIMITED

Notes to the Statement of Audited Consolidated Financial Results for the Quarter and year ended March 31, 2021:

• 1) These consolidated audited financial results for the quarter and year ended March 31, 2021 have been reviewed by the Audit Committee and then approved by the Board of Directors at their respective meetings held on June 10, 2021. The Statutory Auditors have expressed an unmodified review opinion on these financial results.

• 2) The above consolidated audited financial results have been prepared in accordance with the recognition and measurement principles of the Companies Indian Accounting Standards ("Ind AS"), as prescribed under Section 133 of the Companies Act, 2013, read with the Companies (Indian Accounting Standards) Rules, 2015, as amended and other recognised accounting practices and policies to the extent applicable.

• 3) Business operations of Cera Sanitaryware Trading LLC - Dubai (Associate of the Holding Company) have been closed I terminated w.e.f. October 12, 2020. The process of closure with the Department of Economic Development, Dubai, UAE is in progress. The unrecognised share in accumulated losses up to March 31, 2020 have been adjusted against the profit earned during the period (up to the date of closure).

• 4) The Group has made provision for Expected Credit Losses in respect of trade receivables aggregating to Rs. 945.53 lakhs and of capital advances aggregating to Rs. 211.01 lakhs upto March 31, 2021 as against the gross doubtful I litigated amounts in respect of trade receivables of Rs. 1841.03 lakhs and capital advances of Rs. 468.91 lakhs. On-going and continuous efforts I actions taken by the management are likely to result into recovery of the balancing unprovided amount in the foreseeable future.

• 5) The Group has, at the date of approval of these financial statements, taken in to account internal and external sources of information for assessing possible impact of COVID-19 on various elements of its financial results. It is estimated that the carrying amount of the financial and non-financial assets will be recovered. However, the impact of COVI D-19

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on the Group's financial statements may differ from that estimated as at the date of approval of these financial statements.

• 6) The Group operates mainly in manufacturing of "Building Products" and all other activities are incidental thereto which have similar risk and return. Further, the sales are substantially in the domestic market. Accordingly, there are no separate reportable segments as required under Ind AS 108 "Operating Segment".

• 7) The figures for the quarters ended March 31, 2021 and March 31, 2020 are the balancing figures between audited figures in respect of the full financial year and year to date figures up to the third quarter of the relevant financial years which were subjected to limited review.

• 8) The Board of Directors of Parent Company, at its meeting held on June 10, 2021 has recommended a dividend of Rs.13 /- per fully paid-up equity share of Rs. 5 /- each for the financial year 2020-21.

• 9)[Figures of the previous periods have been regrouped ][I ][reclassified ][I ][restated wherever ] considered necessary.

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By Order of the Board of Directors For Cera Sanitaryware Limited

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Date : June 10, 2021 Place : Ahmedabad

Atul Sanghvi

Executive Director & CEO ( DIN : 00045903 )

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Cera Sanitaryware Limited

Consolidated Cash Flow Statement for the year ended 31st March, 2021

Cera Sanitaryware Limited
Consolidated Cash Flow Statement for the year ended 31	st March, 2021		(Rs.in Lakhs)
Particulars	Year ended March 31st, 2021		Year ended March 31st, 2020
A. Cash flows from Operating activities Net Profit before tax Adjustments for : Depreciation&Amortization Allowance for expected credit loss - Trade Receivables Allowance for expected credit loss - Capital Advances Amortisation of Prepaid Rentals Bad Debts Finance Cost (Other t11an Loss on Foreign Exchange Fluctuations) Interest on Security Deposit (Non Cash) Other Interest Recevied Foreign Exchange Variation (Income)ILoss ( Net ) Profit on Sale of Investments Net Gain on Fair Valuation of Investments in Mutual Funds Liabilities&provisions no longer required, written back LossI(Gain) on foreign currency translation (Net) LossI(Profit) on Sale of Property, Plant and Equipment (Net) Deffered Income on Capital Subsidy LossI(Gain) on Termination of Lease Operating profit before working capital changes Adjustments for changes in working capital (lncrease)/Decrease in Inventories (lncrease)/Decrease in Trade Receivables (lncrease)/Decrease in Other Financial Assets (lncrease)/Decrease in Other Assets lncrease/(Decrease) in Trade Payable lncrease/(Decrease) in Other Financial Liabilities lncrease/(Decrease) in Provisions lncrease/(Decrease) in Other Liabilities Cash generated from operations Income Taxes paid Net cash generated by Operating activities (Total-A) B. Cash flow from Investing activities Payments for Property, Plant and Equipments ,Capital Work-in-progress &Capital Advances Payments for Computer Software Proceeds from sale of Property, Plant and Equipments &Intangible Assets Payments for purchase of Debentures Proceeds from Redumption of Debentures ProceedsI(Payments ) from Fixed Deposits Payments for purchase of Mutual Funds Proceeds from sale of Mutual Funds Payments for purchase of Bonds Proceeds from Redumption of Bonds Interest Received Net cash used in Investing activities (Total-B) C. Cash flow from Financing activities Proceed from Issue of Share Capital Payment of Lease Liabilities ProceedsI(Repayment) of Long Term Borrowings (Net) Proceeds/ (Repayment) of Sl1ort Term Borrowings (Net) Payment of Preference Dividend and Dividend Distribution Tax Dividend on Equity Shares paid Tax on Dividend Distribution of Profit (Packcart Packaging LLP) Finance Cost (Other than Non Cash) Net cash used in Financing activities (Total-C) Net increase in cash&cash equivalents (A+B+C) Cash&cash equivalent - Opening Balance Cash&cash equivalent - Closing Balance Note: The above Statement of Casl1 Flows has been prepared under the "	3957.09 336 07 117.23 13.39 16.00 967.67 (14.23) (303.30) 7.22 (63 99) (1648.46) (115.26) 5.19 (30.16) (1.49) (32.03)	13391.97 3210.94	3877.22 404.51 93.78 18.36 1.44 1005.04 (18.41) (214.49) 6.35 (135.92) (1130.57) (56.58) (5.98) 157.08 (1.49)	13487.48 4000.34
	4331.91 986 03 (291 72) 1985.37 6004.50 (597.02) (66.83) 80760		(2720.46) 7144.69 (406.96) (171.52) (1562.56) (1361.54) 368.92 (824.41)
		16602.91 13159.84		17487.82 466.16
	(1441.53) (24.14) 62.53 (1221.57) 1371.24 (253.07) (39882.19) 17138.68 (307 22) 20.96 303.30 - 490.00 (756 72) 248.34 (1073.86) (4.90) (786.06)		(4580.81) (52.25) 99.44 (203.42) 117.39 (18050.00) 16072.80 (1589.35) 214.49 (748.73) 504.40 (370.06) (30.02) (3381.52) (695.08) (794.99)
Flows'. Date:June 10, 2021 Place: Ahmedabad	By order of the Board of Directors

By order of the Board of Directors Executive Director & CEO (DIN: 00045903)

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N. M. & CO. CHARTERED ACCOUNTANTS

'A' Block, 5[th ] Floor, A-1 & A-2, Safa! Profitaire, Opp. Prahlad Nagar Garden, Near Hotel Ramada, Prahlad Nagar, Ahmedabad-380 015 Tele:(079) 40064694, 40064695, 40061 203 +E-mail:

Auditor's on the and Year to Date audited Consolidated Financial Results of Cera Limited to the 33 of the SEBI and Disclosure 2015

To the Board of Directors of

CERA SANITARYTWARE LIMITED

Opinion

We have audited the accompanying Statement of Consolidated Financial Results of CERA SANITARYWARE LIMITED ("the Holding Company") and its subsidiaries, (the Holding Company and its Subsidiaries together referred to as "the Group") and its associates for the three months and year ended 31s[t ] March, 2021 ("the Statement") attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("the 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 the reports of the other auditors on separate audited financial statements/ financial results/ financial information of one subsidiary company and associates, the Statement of Consolidated Financial Results:

• a. include the results of the following Entities:

• (i) Cera Sanitaryware Limited (Holding Company)

• (ii) Anjani Tiles Limited (Subsidiary)

• (iii) Packcart Packaging LLP (Subsidiary)

• (iv) Race Polymer Arts LLP (Subsidiary)

• (v) Cera Sanitaryware Trading LLC- Dubai (Associate) (vi) Milo Tile LLP (Associate)

• b. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations, as amended; and

• c. give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards, and other accounting principles generally accepted in India, of the consolidated net profit and other comprehensive ·income and other financial information of the Group for the three and ended 31s[t ] March, 2021.

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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 as amended ("the Act"). Our responsibilities lmder 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 associates in accordance with the Code of Ethics issued by the of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the consolidated financial statements 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 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.

Management's and Board of Directors' Responsibilities for the Consolidated Financial Results

These consolidated financial results have been prepared on the basis of the consolidated financial statements.

The Holding Company's Management and the Board of Directors are responsible for the preparation and presentation of these consolidated financial results that give a true and fair view of the consolidated financial position, consolidated financial performance (including other comprehensive income), and other financial information of the Group including its Associates accordance with the recognition and measurement principles laid down in Indian Accounting Standards prescribed under Section 133 of the Act read with the relevant Rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The respective Management and Board of Directors of the entities included in the Group and of its associates are responsible for maintenance of adequate accounting records in accordance with the provisions of the respective Acts for safeguarding of the assets of each entity 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 consolidated 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 consolidated financial results by the Management and the Directors of the Holding Company, as aforesaid.

In preparing fhe consolidated financial results, the respective Management and the Board of Directors of the entities included in the Group and its associates, are responsible for assessing the ability of each entity to continue as a going concern, disclosing, as applicable, matters related to going concern and using going concern basis of accounting unless the respective Board of either intends to liquidate the entity or to cease operations, or has no realistic but to do SO.

Board Directors entities included the Group of its associates are for overseeing the financial reporting process of each entity.

Auditor's Responsibilities for the Audit of the Consolidated Financial Results

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Our objectives are to obtain reasonable assurance about whether the consolidated financial results 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 conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or er 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 these consolidated financial results.

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 consolidated financial results, 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.

• 11 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 through a separate report on the complete set of consolidated financial statements on whether the entity has adequate internal financial controls with reference to consolidated 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 in the consolidated financial results made by the Management and Board of Directors of the Holding Company.

• Conclude on the appropriateness of the Management and Board of Directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainly exists related to events or conditions that may cast significant doubt on the ability of the and its associates 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 consolidated financial results 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 associates to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated financial including the disclosures, and whether the consolidated financial results represent

• underlying transactions and events in a manner that achieves fair presentation.

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• 1 opm10n. consolidated financial results of which we are the independent auditors. For the other entities included the consolidated financial results, which have been audited by other auditors, such other auditors remain responsible for the direction, and performance of the audit of financial information of such entities included the consolidated financial results. We are responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit information of the entities within the Group and its associates to express an opinion on the Obtain sufficient appropriate audit evidence regarding the financial results I financial

Materiality is the magnitude of misstatements in the consolidated financial results that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the consolidated financial results may be influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate effect of any identified misstatements in the consolidated financial results.

We communicate with those charged with governance of the Holding Company and such other entities included in the consolidated financial results 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 No. CIR/CFD/CMDl/44/2019 dated 29[th ] March, 2019 issued by the SEBI under Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable.

Other Matters

• 1) We did not audit the financial statements of 1 subsidiary, whose financial statements reflect total of Rs.12,792.58 lakhs and net assets of Rs.1,120.51 lakhs as at 31s[t ] March, 2021, total revenues of Rs.7,269.84 Lakhs and net cash outflow of Rs.2.57 lakhs for the year ended on that date, as considered in the consolidated financial statements. The consolidated financial statements also include the Group's share of net profit of Rs.4.76 lakhs for the year ended 315[1 ] March, 2021, as considered in the consolidated financial statements, in respect of 2 associates, financial statements have not been audited by us. These financial statements of 1 subsidiary and 2 associates have other auditors whose reports have been famished to us by the and our opinion on the consolidated financial statements, so far as it

• to the amounts and disclosures included respect of l and 2 of other auditors. and our report in terms of sub-sections (3) and ( 11) of Section 14 3 of the Act,

• so far as it relates to the aforesaid subsidiary and associates, is based on the

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• 2) Business operations of Cera Sanitaryware Trading LLC- Dubai (Associate) have been closed I terminated with effect from 12[1h ] October, 2020 due to continuing unviable business operations. The appropriate Authority at Dubai has commenced the company closure process. The unrecognised share in accumulated losses of Rs.17. 98 lakhs up to 31s[t ] March, 2020 have been adjusted against the profit earned during the period (up to the date of closure).

• 3) We draw attention to Note No. 4 to the Statement of audited consolidated financial results which states that the Group has made provision for Expected Credit Losses in respect of trade receivables aggregating to Rs. 945.53 lakhs and of capital advances aggregating to Rs. 211.01 lakhs upto 31s[t ] March, 2021 as against the gross doubtful I litigated amounts in respect of trade receivables of Rs 1,841.03 lakhs and capital advances of Rs. 468.91 lakhs. The management believes that on-going and continuous efforts I actions taken by it are likely to result into recovery of the balancing unprovided amount in the foreseeable future. The Management has assured that they shall review the status from time to time during the ensuing year.

• 4) We draw attention to Note No. 5 to the Statement of audited consolidated financial results which explains that the Group has considered internal and external sources of information for assessing possible impact of COVID-19 on various elements of its results. It is estimated that the carrying amount of the financial and

• non-financial assets will be recovered. However, the impact of COVID-19 on the Group's financial statements may differ from that estimated by the management.

Our report is not modified in respect of (1) to (4) matters.

• 5) The consolidated financial results include the results for quarter ended 31s[t ] March, 2021 being the balancing figures between the audited figures in respect of the full financial year ended 31s[t ] March, 2021 and the published unaudited year to date figures up to the third quarter of the current financial year which were subjected to a limited by us as required under the Listing Regulations.

Place: Ahmedabad Date: 10[t11 ] June, 2021

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For N. M. NAGRI & CO.
Chartered Accountants
(N. M. NAGRI)
PROPRIETOR
Membershi11 No. 016992
UDIN: 21016992AAAABG7973
Registration No.106792W
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CERA SANITARYWARE LIMITED

CERA SANITARYWARE LIMITED	CERA SANITARYWARE LIMITED	CERA SANITARYWARE LIMITED
Statement of Standalone and Consolidated Assets and Liabilities
- -	(Rs.in Lakhs) Particulars Standalone Consolidated As at As at As at As at 31.03.2021 31.03.2020 31.03.2021 31.03.2020
ASSETS (Audited) (Audited) (Audited)		(Audited)
1 Non-current assets
a) Property, Plant and Equipment 31612.37 33278.35 40093.14		41973.68
b) Capital work-in-progress 59.97 52.94 133.42		52.94
c) Right-of-use Asset 1290.34 1642.09 1377.57 1760.12
d) Other Intangible assets 75.51 118.54 76.49 119.66
e) Intangible assets under development
f Financial Assets
i. Investments
- Investments in Subsidiaries&Associates 4709.27 4231.37 821.80 817.04
- Other Investments 3199.73 3063.15 3199.73 3063.15
ii.Other Finacial Assets 1330.91 1275.11 1412.22 1354.77
g)Other non-current assets 609.33 714.90 654.84 747.76 2 Current assets a) Inventories 16968.37 20449.23 19966.11 24298.01
b) Financial Assets
i.lnvestments 43404.61 18948.65 43404.61 18948.65
ii.Trade receivables 20671.36 22091.28 20946.70 22284.80
iii. Cash and cash equivalents 710.07 33.88 767.33 83.30
iv. Other Balances with Banks 273.70 126.26 273.70 131.05
vi. Other Finacial Assets 445.24 361.00 2657.71 2272.96
c) Other Current Assets 2945.67 6191.65 1980.00 4027.22
TOTAL ASSETS 128306.45 112578.40 137765.37 121935.11
EQUITY AND LIABILITIES
Equity
a) Equity Share capital 650.29 650.29 650.29 650.29
b) Other Equity 86789.63 76638.86 86523.48 76423.91
Total Equity/Equityattributable to Owners of the Company 87439.92 77289.15 87173.77 77074.20
Non-Controlling Interests 1171.90		767.88
LIABILITIES
1 Non-current Liabilities
a) Financial Liabilities
i. Borrowings 4261.51 4344.50
ii. Lease Liabilities 1022.16 1269.78 1095.44 1405.26
iii. Other financial liabilities 2749.94 2618.84 2749.94 2618.84
b)Provisions 1009.24 1037.49 1025.31 1064.79
c) Deferred Tax Liabilities (Net) 3265.98 3256.58 3025.24 2994.98
d) Other non-current liabilities 12.57 14.06
2 Current liabilities
a)Financial liabilities
i. Borrowings 1242.99 1516.33 3025.44 4099.30
ii.Trade payables
a) total outstanding dues of Micro enterprises and small enterprises 3352.03 3338.02 2846.86 2892.84
b)total outstanding dues of creditors other than micro enterprises and 10932.53 5060.00 12689.03 6638.57 smallenterprises
iii. Lease Liabilities 517.17 544.36 538.79 562.28
iv.Other financial liabilities 13789.63 14675.62 14921.22 15433.97
b) Other current liabilities 2392.21 1707.30 2540.42 1732.82
c) Provisions 238.74 241.29 248.48 255.59
d)Current Tax Liabilities (Net) 353.91 23.64 439.45 35.23
TOTAL EQUITY AND LIABILITIES 128306.45 112578.40 137765.37 121935.11

Date: June 10, 2021 Place: Ahmedabad

By order of the Board of Directors

(DIN: 00045903)

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EXTRACT OF STANDALONE AND CONSOLIDATED AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31st MARCH, 2021

		(Rs. In Lakhs)	(Rs. In Lakhs)	(Rs. In Lakhs)
, Sr. No.	Particulars	Standalone Consolidated
		Quarter Year Ended Quarter Quarter Year Ended Quarter Ended Ended Ended Ended
		31.03.2021 31.03.2021 31.03.2020 31.03.2021 31.03.2021 31.03.2020
		(Audited) (Audited) (Audited) (Audited) (Audited) (Audited)
1	Total Income from Operations	43137.46 120170.67 29323.74 43842.29 122432.68 29784.79
2	Net Profit /(Loss)for the period (before Tax.Exceptional andIor Extraordinarvitems)	5584.16 13424.48 3643.92 6155.04 13391.97 3432.92
3	Net Profit/(Loss) for the period before Tax ( after Exceptional and/or Extraordinarv items)	5584.16 13424.48 3643.92 6155.04 13391.97 3432.92
4	Net Profit/(Loss) for the period after Tax ( after Exceptional and/or Extraordinaryitems)	4301.51	10130.33 3846.80 4791.76 9995.43	3585.92
5	Total Comprehensive Income for the period [Comprising Profit/(Loss) for theperiod(after tax)and Other Comprehensive Income(after tax)]	4434.21	10150.77 3782.92 4926.49 10017.56	3518.98
6 7	EquityShareCapital(Face value of Rs.5/- each)	650.29	650.29 650.29 650.29 650.29	650.29
	Other Equity ( Excluding revaluation reserve ) as shown in the Audited Balance Sheet of thepreviousyear
8	EarninQs perequityshare (of Rs.5/- each) (Notannualised):		86789.63 86523.48
	(1)Basic (Rs.)	33.07	77.89 29.58 35.19 77.48	28.63
	(2) Diluted (Rs.)	33 07	77.89 29.58 35.19 77.48	28.63

Notes

1 The above is an Extract of the detailed format of Audited financial results for quarter and year ended on 31st March, 2021 filed with the Stock Exchanges under Regulation - 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The full format of the standalone/consolidated audited financial results for the quarter and year ended 31st March, 2021 are available on the website of the Stock Exchanges (www.bseindia.com & www.nseindia.com) and the Company's website (www.cera-india.com).

• 2 The manufacturing activities in respect of Sanitaryware Unit have been materially affected, while that of Faucetware Unit have been affected marginally as a result of partial disruption by workers at the Company's plant located at Kadi, from September 28, 2020 to December 22, 2020.This has moderately impacted the financial performance of the Company for the current financial year.

• 3 Figures of the previous periods have been regrouped/ reclassified I restated wherever necessary to conform to the current period presentation.

• 4 The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on 10.06.2021.

Date : June 10, 2021 Place : Ahmedabad

By Order of the Board of Directors For, Cera Sanitaryware Limited k� ISanghvi Executive Director & CEO (DIN:00045903)

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1
1othJune, 2021 -· BSE Limited ---· ---'National Stock ·-"--. --. -. -, -1 of IndiaL1m1te ICorporate Relationship Department 1stFloor,New Ring Exchange Plaza ! Rotunda Building, P J Tovers 1Dalal Street, Fort, Mum Scrip Code : 532443 Scrip ID: CERA - 400001. ,Bandra Kurla Complex /Bandra (East) 1Mum - 400051. bol: CERA j

Dear Sir/Madam,

Sub: Declaration pursuant to Regulation ) of the SEBI Obligations and Disclosure Requirements) Regulations, 2015.

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In compliance with the provisions of Regu 33(3)(d) of the SEBI (Listing Obligations Disclosure Requiren1ents) Regulations, 2015 and as amended till the date, we hereby declare that Statutory Auditors of Cornpany, N. M. Nagri and Co., Chartered Accountants (FRN:106792W) have issued an Audit Report with unmodified opinion on Standalone and Consolidated Audited Financial Results of the Company for the quarter and year ended 3pt March, 2021.

You are requested to take the above on your records.

Thanking you,

Yours faithfully,

For Cera Sanitaryware Limited,

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Hema! Sadiwala Company Secretary

Ce:ni1 U1·w1ited

Corporate Offke: 7'h & 8'h Floors, B Wing, Privilon, Ambli BRTS Road, lskcon Crossroads, Ahmedabad 380059, India Tel: +91 79 49112222 Email: marketing@cera-india.com Web: www.cera·inc a.com

Registered Office & Works: 9, GIDC lnd•Jstrial Estate, Kadi 382715, District Mehsana, North CIN:L26910GJ1998PLC034400