Classic Electricals Ltd. — Interim / Quarterly Report 2021

Aug 19, 2021

CLASSIC ELECTRICALS LIMITED

Reg. Off. : 1301, 13th Floor, Peninsula Business Park, Tower B, Senapati Bapat Marg, Lower Parel (West), Mumbai 400013. Email Id : info.roc7412@gmail.com Website : www.classicelectricals.co.in

CIN : L25209MH1985PLC036049

Dated: 14th August, 2021

BSE Limited, Mumbai Dept. of Corporate Services, Corporate Relationship Department Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai – 400 001.

Stock Code – BSE Code No. 512213

Dear Sirs,

Sub: Outcome of Board Meeting held on 14th August, 2021.

Pursuant to Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended from time to time ("SEBI LODR"), we would like to inform you that the Board of Directors at its meeting held today i.e. August 14, 2021 have inter-alia considered and approved the following matters:

• 1. Statement of Unaudited Standalone Financial Results for the first quarter ended as on 30th June, 2021.
• 1. Limited Review Report issued by M/s. N. B. Purohit & Co., Statutory Auditor of the Company.
• 1. The board of directors has not recommended any dividend for financial year ended 31st March, 2021.
• 1. Approval of Directors Report and Notice of Annual General Meeting to be held on 30th September, 2021.

Annual General Meeting and Book Closure

• 1. The Register of Members will remain close from 23-9-2021 to 30-9-2021 (both the days inclusive) for the purpose of ensuing Annual General Meeting.
• 1. The Annual General Meeting of the Company will be held on Thursday, 30th September, 2021.

CLASSIC ELECTRICALS LIMITED

Reg. Off. : 1301, 13th Floor, Peninsula Business Park, Tower B, Senapati Bapat Marg, Lower Parel (West), Mumbai 400013. Email Id : info.roc7412@gmail.com Website : www.classicelectricals.co.in

CIN : L25209MH1985PLC036049

The Company has made arrangements for release of the Unaudited Results in the newspapers as per the requirement of the SEBI (LODR) Regulations, 2015.

Kindly notify the above to the members of the Stock Exchange.

Thanking You, Your's Faithfully,

FOR CLASSIC ELECTRICALS LIMITED SUNIL Digitally signed by SUNIL HIRJI SHAH DN: c=IN, st=Maharashtra, 40708b09edec3dba8b16150, postalCode=401203,

2.5.4.20=8e8043ea03798f058edfc285ebe5f3d6b3ccf639e

SUNIL HIRJI SHAH DIRECTOR DIN : 02775683 HIRJI SHAH street=B/104,HEERA PANNA CHS. LTD. LODHA PARK, STN. ROAD, NALLASOPARA W, serialNumber=cdf053aa3ec458fc40b3d12250b14f5382f26 f8ae2c28009bc5a311aeb9bd800, o=Personal, cn=SUNIL HIRJI SHAH, pseudonym=2f11f1552883a9093e24391b614c20c1 Date: 2021.08.14 14:14:40 +05'30'

Encl. : As Above

	CLASSIC ELECTRICALS LIMITED
	Statement of Unaudited Financial Results for the Quarter ended 30th June 2021
	( ` in Lacs except per equity share data)
	Particulars	Quarter Ended June 30, 2021	Quarter Ended March 31, 2021	Quarter Ended June 30, 2020	Year Ended March 31, 2021
		UNAUDITED	UNAUDITED	UNAUDITED	AUDITED
I	Revenue from Operations Other income	- 20.59	- 7.90	- 12.78	- 456.70
	Total Revenue	20.59	7.90	12.78	456.70
II	Expenses:
	Employees Benefit Other expenses	2.19 12.42	3.58 16.66	2.14 5.89	12.28 34.07
	Finance Cost	0.24	0.30	0.82	2.24
	Depreciation and amortisation Expenses	0.88	0.86	1.18	4.13
	Total expenses	15.73	21.39	10.02	52.71
III IV	Profit before exceptional items and tax (I-II) Exceptional Items	4.86 -	(13.48) -	2.76 -	404.00 -
V	Profit before tax (III-IV)	4.86	(13.48)	2.76	404.00
VI	Tax expense: (1) Current tax	-	40.03	-	40.03
	(2) Deferred Tax	-	(5.61)	-	(5.61)
	(3) Income Tax of Earlier years	-	10.60	-	10.60
VII	Profit for the year (V-VI)	4.86	(58.51)	2.76	358.97
A	VIII Other Comprehensive Income Items that will not be reclassified to profit or loss (i) Items (please specify) (ii) income tax relating to items that will not be reclassified to profit or loss	-	-	-	-
B	Items that will not reclassified to profit or loss (i) Items (please specify) (ii) income tax relating to items that will not be reclassified to profit or loss
	Other comprehensive Income for the period	-	-	-	-
IX	Total Comprehensive Income for the period (VII+VIII)	4.86	(58.51)	2.76	358.97
	Paid up share capital (par value `10/- each fully paid)	1,48,52,100	1,48,52,100	1,48,52,100	1,48,52,100
	Earnings per Equity share:
	(1) Basic ()<br>(2) Diluted ()	0.33 0.33	(3.94) (3.94)	0.19 0.19	24.17 24.17

Notes :

This statement has been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable.

The Global spread of Covid-19 has led to an uncertain and unpredictable path ahead for all of us. Amidst the tumult of this unprecedented period, our priority has been to safeguard the health and well-being of our customers, employees and our communities while continuing our business operations. The operations have resumed with requisite precautions in place. The situation is continuously evolving, the impact assessed may be different from the estimates made as at the date of approval of these financial statements and management will continue to monitor any material changes arising due to the impact of this pandemic on financial and operational performance of the Company and take necessary measures to address the situation.

FOR CLASSIC ELECTRICALS LIMITED

SUNIL HIRJI SHAH DIRECTOR DIN No. 02775683 PLACE.: MUMBAI DATED: 14.08.2021

¹ The Previous period's figures have been regrouped,rearranged,restated and reclassified wherever necessary.

² The above audited financial results for the quarter ended 30.06.2020 was approved by the Board of Directors at its meeting held on 14.08.2021.

³ The statutory auditors have carried out the Limited Review of the Results for the Quarter ended 30 June,2021.

⁴

⁵

N. B. Purohit & Co.

Chartered Accountants

Tel.: 022 3297 2415 | Mob.: 98195 44278 E-mail: nbpurohit@gmail.com

Limited Review Report.

The Board of Directors CLASSIC ELECTRICALS LIMITED

We have reviewed the accompanying statement of standalone unaudited financial results (The Statement) of CLASSIC ELECTICALS LTD. (the "Company") for the quarterended June 30, 2021 being submitted by the company pursuant to the requirement of Regulation 33 of the SEBI (listing Obligations and Disclosure Requirements) Regulations 2015, as amended.

This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review

We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India (!CAI). A review of interim financial information consists of making inquiries, primarily of the Company's personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Based on our review conducted as stated in Paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

FOR N. B. Purohit& Co. Chartered Accountants Firm's Registration Number: 108241W

Place: Mumbai. Date: 14^th August, 2021 UDIN-21031999AAAAAP6323 (NILKANTH B. PUROHIT) Proprietor Membership No.31999