Classic Electricals Ltd. — Interim / Quarterly Report 2022

Nov 12, 2021

CLASSIC ELECTRICALS LIMITED

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

CIN:L25209MH1985PLC036049

Dated: 12[th ] November, 2021

BSE Limited, Mumbai Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400 001.

Stock Code-BSE Code No. 512213

Dear Sirs,

Sub: Outcome o(Board Meeting o(the Company held on 12th November, 2021. Ref Unaudited Financial Results fr the Quarter and half year Ended on 30th September, 2021.

Pursuant to Regulation 30 and Regulation 33 of SEBI (LODR) Regulations, 2015, we wish to inform you that the Board of Directors at its meeting held today i.e. on 12th November, 2021 have inter-alia considered and approved the following matters.

• I. Un-audited Standalone Financial Results of the Company for the quarter and half year ended 30th September, 2021.

• Limited Review Report on the said results issued by the Statutory Auditors for the quarter and half year ended 30th September, 2021.

We are arranging to publish the results in newspapers. Thanking you,

Yours faithfully,

FOR CLASSIC ELECTRICALS LIMITED

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SUNIL HIRJI SHAH DIRECTOR DIN: 02775683

CLASSIC ELECTRICALS LIMITED

II III IV V VI VII VIII A B IX	Expenses: Employees Beneft Other expenses Finance Cost Depreciation and amortisation Ex Totalexjenses lrofitleforeexceptional Items and tax Exceptional Items Profit before tax(Ill-IV) Tax expense: (1) Current tax (2) Mat Entitlement(Credit)/Set off (3) Deferred tax (Assets)/Liability Other Comprehensive Income Items that will not be reclassifed to profit or Joss (i) Items (please specify) (ii) income tax relating to items that will not be reclassified to profit or loss Items that will not reclassified to profit or Joss (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 Tota!Co1prehensive Incomc'forthe eriod(Vll+VIII Paid up share capital (par value tlO/- eac.h fully paid] (t15 1.48.52,100	Expenses: Employees Beneft Other expenses Finance Cost Depreciation and amortisation Ex Totalexjenses lrofitleforeexceptional Items and tax Exceptional Items Profit before tax(Ill-IV) Tax expense: (1) Current tax (2) Mat Entitlement(Credit)/Set off (3) Deferred tax (Assets)/Liability Other Comprehensive Income Items that will not be reclassifed to profit or Joss (i) Items (please specify) (ii) income tax relating to items that will not be reclassified to profit or loss Items that will not reclassified to profit or Joss (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 Tota!Co1prehensive Incomc'forthe eriod(Vll+VIII Paid up share capital (par value tlO/- eac.h fully paid] (t15 1.48.52,100	26.66 "26.66; 4.90 5.73 30.76 11.51 0.43 1.43 1.52 2.36 3..62 21.03· 3.71 5.64 3.71 .5.64 ·}56.70 456.70 12.28 34.07 2.24 4.13 52.71 404.00 404.00 40.03 10.60 (5.61)
			4.86 2.88 1,48,52.100 1,48,52,100 0.33 0.19 0.33 0.19 3.71 5.64 1,48.52,100 1,48,52,100 0.25 0.38 0.25 0.38 358.97 358.97 1,48,52,100 24.17 24.17
	Earningsper Equityshare:
	(1) Basic [iJ (2) Diluted(')	(0.08) (0.08)

N2ill..;.

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

1. The above standalone unaudited financial results for the quarter/six months ended Seplember 30,2021 was approved by the Board of Directors at its meeting held on November 12,2021.

2. The statutory auditors have carried out the Limited Review of the Results for the quarter/six months ended September 30, 2021.

3. 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.

4. 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

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SUN IL HIRJI SHAH DIRECTOR DIN No. 02775683 PLACE.: MUMBAI DATED: 12.ll.2021

CLASSIC ELECTRICALS LIMITED

BALANCE SHEET AS AT 30TH SEPTEMBER 2021

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1	Non Current Assets
	(a)Property Plant and Equipment	23.96	24.38
	(b)Investment Property	17.09	18.20
	(c)Deferred tax Assets	12.57	12.57
	(d)Other non current assets	230.67	221.16
		284.30	276.31
2	Current Assets
	(a) Financial assets
	(i) Trade receivables	1.80	2.21
	(ii) Cash and cash equivalents	7.25	5.13
	(iii) Loans	883.19	888.29
	(b) Other Current assets		0.04
		892.23	895.67
			1,171.98
II	EQUITY AND LIABILITIES
1	Equity
	(a)Equity Share Capital	148.52	148.52
	(b)Other Equity	963.88	960.16
		1,112.40	1,108.69
	Liabilities
2	Current liabilities
	(a)Financial liabilities
	(i) Borrowings	53.78	55.40
	(b)Provisions	4.55	4.55
3	(a)Other Current liabilities	5.80	3.35
		64.13	63.29
			,,,Jl,171.98

FOR CLASSIC ELECTRICALS LIMITED

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SUNIL HIRJI SHAH DIRECTOR DIN No. 02775683 PLACE.: MUMBAI DATED: 12.11.2021

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A. B. c.	Cash Flow arising from Operating Activities: Net Profit/(Loss) Before Taxation Add/(less)Interest Paid Depreciation Charge Less: Rent Income Interest received Operating Profit before Working Capital Changes Adjustmentfor: (lncrease)/Decrease in Trade Receivables (lncrease)/Decrease in Loans and Advances (lncrease)/Decrease in Other Current/Non-Current assets lncrease/(Decrease) in Current liabilities Less: Income Tax for the Year Net Cash inflow/(Outflow) in course of Operating Activities: Cash Flow Arising from Investing Activities: Adjustment for: Rent Income Net Cash inflow/(Outflow) in course of Investing Activities: Cash Flow Arising from Financial Activities: Cash Inflow Borrowings (Net) Interest received{Paid (net) Net Cash inflow/(Outflow) in course of Financial Activities:	0.43 1.52

FOR CLASSIC ELECTRICALS LIMITED

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SUNIL HIRJI SHAH DIRECTOR DIN No. 02775683 PLACE.: MUMBAI DATED: 12.11.2021

,

A-205, Crystal Plaza, New Link Road, Andheri (W), Mumbai - 400 053.

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

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N. B. Purohit & Co.

Chartered Accountants

Limited Review Report.

The Board of Directors CLASSIC ELECTRICALS LIMITED

We have reviewed the accompanying statement of standalone unaudited financial result� (The Statement) of CLASSIC ELECTICALS LTD. (the ··company[.. ] ) for the quarter ended and year to date from April I . 202 1 to September 30. 202 1 being submitted by the company pursuant to the requirement of Regulation 33 of the Sc Bl ( listing Obligations and Disclosure Requirements) Regulations 20 1 5, 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 1 33 of the Companies Act 20 1 3 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 or the Statement i� accordance with the Standard on Revie" Lngagements (SRE) 24 1 0 "Revic,\ of Interim .Financial Information Performed b) the Independent Auditor of the Entity". issued by the Institute of Chartered Accountants or India (ICAI). A review of interim financial information consists of making inquiries. primarily of the Company's personnel responsible for financial and accounting maners. and apply ing analytical and other review procedures. A revie.\ is substantially less in scope than an audit conducted in accordance with Standards on Auditing speci tied under section 143( I 0) of the Companies Act, 20 1 3 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 Sl:BI (Listing Obligations and Disclosure Requirements) Regulations. 20 1 5. as amended. including the manner in which it is to be disclo<icd. or that it contain� any material rnis�tatcrncnt.

t,'OR N. B. Purohit& Co.

Place :Mumbai. Date : 1 2 thN ovem ber ,2021

Chancred Accountants Firm ·s Registration umber: I 0824 1 W (NILKANTH B. PUROHIT) Cd Proprietor Membership No.3 1 999

UDIN: 2 1 03 1 999AAAAAU l 584

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