Control Print (India) Ltd. — Annual Report 2019

May 16, 2019

To,
The Listing Compliance Department	Listing Department,
BSE Limited	National Stock Exchange of India Limited,
P. J. Towers,Dalal Street, Fort,	Exchange Plaza, C-1, Block G,Bandra-Kurla
Murnbai - 400 001	Complex,Bandra (E), Mumbai- 400 051
Code - 522295	Symbol - CONTROLPR

Sub: Outcome of Board Meeting held on Mav 16, 2019

Dear Sir/Madam,

The Eoard of Directors of the Company at their meeting held today i.e May t6 ,20L9:

Finanrcials

1. Considered and approved the Audited Financial Results (Standalone & Consolidated) for the quarter/year ended March 3I,201t9 ;

Dividend

1. Recommended a final dividend of Rs. 3.50/- per equity shares (FV of Rs. L0.00)forthe financial year ended March 3L,20t9, subject to approval of Members at the ensuing Annual General Meeting of the Company (AGM). In addition l:o the final dividend, the Company had declared and paid interim dividend of Rs. 3.00 per share, i.e total dividend would be Rs. 6.50 per share for the year [i.e. same as compared to Previous Year (65%)1. The dividend if, approved by the Members will be paid on or after August 21, 20L9.

AnnualGeneral Meeting

1. Decided to convene 28th AGM of the company on Wednesday, August2t,2OI9;

The rneeting of the Board of Directors commenced at 1.00 p.m. and concluded at 4 : Il7 p.m. A- I

In res;pect of this, we enclose the foll,cwing:

• L Tilre Audited Financial Results (Standalone & Consolidated) for the quarter/year ended March 31, 2t0L9.
• 1. Audit Report on Standalone and Consolidated Financial Results of the Company for the financial yr-.ar ended March 3t, z}tg issued by the Statutory Auditors, M/s Jhawar Mantri & Associates, Ch a rtered Accou nta nts with u n mod ified opin ion.

Control Prlnt Limited, C-106, Hind Saurashtra Industrial Estate, Andheri-Kurla Road, Marol Naka, Andheri (East), Mumbai 400059, India l.+91 2228599065/66938900 | f, +91 2228528272 | e.ho@controlprint.com I w.www.controlprint.com

Auditors with unmodified opinion on the Company for the financial year 3. Declaration regarding Audit Report issued by the statutory Audited standalone and consolidated Financial Results of ended March 3t,2OIg.

Kindly take the same on your records.

Thanking you,

For Control Print Limited

Managing Director

Encl: As above.

The Listing Compliance Department	Listing Department,
BSE Limited	National Stock Exchange of India Limited,
P. J. Towers, Dalal Street, Fort,	Exchange Plaza, C-I, Block G, Bandra-Kuila
Mumbai - 400 001	Complex, Bandra (E), Mumbai-400 051
Code - 522295

received from Ms. Nvana Sabharwal

Dear Sir/Madam,

This ls with reference to our letter dated May 08, zOLg, on request received from Ms. Nyana Sabharwal for re-classification of her holding from Promoter and Promoter Group category to public category. The said request has been placed before the Board in its meeting held today i.e May L6, 20L9.

The Etoard after review on merits of request and in view of the explanations given by Ms. Nyana Sabharwal in her request letter, decided to approve re-classification of holding of Ms. Nyana Sabharwal from Promoter and Promoter Group category to Public category. This is subject to approval of ther Members at the ensuing AGM of the Company.

Kindly take the same on your records.

Thanking you,

For Control Print Limited

Managing Director

CONTROL PRINT LIMITED

(CIN: L22219MH1991PLC059800)

Regd. Off: C-106, Hind Saurashtra Industrial Estate, Andheri-Kurla Road, Marol Naka,Andheri (East), Mumbai - 400 059, Ph. No.: 022-28599065, 66938900

Website: www.controlprint.com. Email: companysecretary@controlprint.com

STATEMENT OF AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2019

		Standalone					furt in Fount Eventic Cu.63
						Consolidated
Sr No.	Particulars	Quarter ended			Year ended		Year ended
		31.03.2019(Audited)	31.12.2018(Unaudited)	31.03.2018(Audited)	31.03.2019(Audited)	31.03.2018(Audited)	31.03.2019(Audited)	31.03.2018(Audited)
	1 Income
	L Revenue from operations	4,603.70	4,395 56	4,539.38	17,459.69	17,393.48	17,459.69	17,393.48
	II. Other income	7.25	2194	4.03	83.45	43.56	83.45	43.56
	Total income	4,610.95	4,417.50	4,543.41	17,543.14	17,437.04	17,543.14	17,437.04
	2 Expenses
	Cost of Material consumed	1,370.27	1,252.92	1,116.39	5,125.57	5,501.09	5,125.57	5,501.09
	Purchase of stock-in-tradeII.	270.45	282.49	170.57	932.02	725.78	932.02	725.78
	Changes in Inventories of finished goods, work-in-progress and stock-in-tradeIU.
		19.09	(0.78)	156.59	82.11	(696.69)	82.11	(696, 69)
	Manufacturing & Operating Costs$IV_{-}$	161.21	169 46	182.03	692.76	73188	692.76	731.88
	Employee benefits expense	1,108.70	958 41	924.14	3,844.88	3,301.17	3,844.88	3,301,17
	VI. Finance costs	4.73	13.81	2.33	26.49	130.42	26.50	130.43
	VII. Depreciation and amortization expense	188.76	187.40	110.72	742.88	684.62	765.23	706.97
	VIII. Other expenses	758.88	680 50	71283	2,784.37	2,814 24	2,792.30	2,823,57
	Total Expenses	3,882.09	3,544.21	3,375.60	14,231.08	13,192.51	14,261.36	13,224.20
	3 Profit before Exceptional Items & Tax(1 - 2)	728.87	873.29	1,167.81	3,312.07	4,244.53	3,281.78	4,212.84
	4 Exceptional Items	(510.00)	191 94	318.47	(449.67)	393.31	(449.67)	393.31
	5 Profit/(Loss) before taxation (3 - 4)	1,238.87	681.35	849.34	3,761.74	3,851.22	3,731.45	3,819.53
	6 Tax Expense :
	Current Tax	264.00	156.00	188.48	816.00	860.48	B16.00	860.48
	II. Deferred Tax	(2.69)	2.09	(228.47)	(59.17)	(129.59)	(59.17)	(129.59)
	III. Tax Adjustments for earlier years			(42.38)		(42.38)	$\sim$	(42.38)
	Total Tax Expense	261.31	158.09	(82.37)	756.83	688.51	756.83	688.51
	Profit for the period from continuing operations $(5 - 6)$	977.56	523.26	931.71	3,004.91	3,162.71	2,974.62	3,131.02
	Other Comprehensive Income
	A(I). Items that will not be reclassified to profit or loss	(3.11)		(7.85)	(3.11)	(7.85)	(3.11)	(7.85)
	Total Other Comprehensive Income	(3.11)		(7.85)	(3, 11)	(7.85)	(3.11)	(7.85)
	Total Comprehensive Income for the period(7 + 8)	980.66	523.26	939.56	3,008.01	3,170.56	2,977.73	3,138.87
	10 Paid up Equity share capital	1633.17	1633.17	1633.17	1633.17	1633.17	1633.17	1633.17
	(Face value Rs. 10/-per share)
	11 Earnings per equity share of (Rs. ) 10 each :
	Basic (Rs.)*	$* 5.99$	$*3.20$	$-5.72$	18.40	19.99	18.21	19.79
	Diluted (Rs.) *	• 5.99	$= 3.20$	$.72	18.40	19.99	18.21	19.79

alised excluding Year End

STATEMENT OF A55ET5 AND LIABILITIES

	Standalone( Rs. in lakhs )		Consolidated
			( Rs. in lakhs )
	(Audited) (Audited)		(Audited) (Audited)
	31st Mar'19 31st Mar 18		31st Mar 19 31st Mar 18
L ASSETS
1. Non-current assets
(a) Property, Plant and Equipment	8,136.97	7,687.44	8,308.43	7,858.9t
(b) Capital work in progress	7.42	273.s7	L28.Z7	394.4t
(c )Goodwill			44.69	67.04
(d) Other Intangible assets	279.L6	349.26	279.76	349.26
(e) Intangible Assets under Development	9.s0	20.00	9.s0	20.00
(f) Financial assets
(i) Investments	551.16	55 1.16
(ii) Loans	16.89	25.19	16.89	25.19
(iii) Other financial assets	98.05	tt7.69	170,80	190.43
	9,099.15	9,024.tr	8,957.74	8.905.24
2. Current assets
(a) Inventories	6,t83.47	6,549.58	6,r83.47	6,549.58
(b) Financial assets
(i) Investments	3,342.53	1,616,63	3,342.53	1,616.63
(ii) Trade receivables	4,695.29	4,236.48	4,695,29	4,236.48
(iii) Cash and cash equivalents	92.77	25r.20	93.79	251.94
(iv) Bank Balances Other Than Cash And Cash
Equ ivalents	t28.4t	t78.L7	L28.4r	118.17
(v) Other financial assets	t,Lt3,t4	1,409.16	1,06s.49	1,376,t4
(d )Other current assets	545.11	492 37	O+) II	492.3r
	L6,200.72	14,573.s3	16,154.09	14,64t.2s
TOTAI. ASSETS	25,299.88	23,697.84	25,111.83	2?,546.49
il. EQUTTY AND UAB UT ES
EqU TY
{a) Equity Share Capital
(b) Other Equity	1,533.17	1,633.17		1,633.17
	18,692.4920,32s.66	16,748 9618,382.13	18.436.L4	L6,522.89
TIABILITIES			20.059.3 1	18,155.05
1 Non-currentliabilities
(a) Provisions
(b ) Deferred tax liabilities (net)	585.64	556.23	585.64	ss6.23
	r,044.46	L,298.52	1,044.57	1,298.54
(c ) Other Non current Liabilities	89.30	97.31	156.83	164.84
2. Current liabilities(a) Financial liabilities
(i)Borrowings
(ii)Trade payables
(alTotal Outstanding Dues of Micro & Small
Enterprises	732 75	39.26	L'2 I'	39.26
(b) Total Outstanding Dues of Creditors other
than Micro & Small Enterprsies	839.32	1,t64.L6	839.32	1,rc4.16
(iii)Other financial liabilities	t,26s.34	1 t7? q?	t,266.0O	1,180.60
(b) Other Current Liabities	361.96	282,26	50r,vo	282.26
(c) Provisions(d) Current Tax Liabilities ( Net)	548 45	585.16	548.45	585.16
	107.004.974.22	rL9.28	107.00	119 28
TOTAL EqUITY AND I.IABILITIES	25,299.88	5.315.7123,697.84	s,042.5225,111.83	5,390 432t,546.49

n behalf of the Board of Directors For and Contro/P

ManaginB Director DtN 00176807

Place: Mumbai Date: May 16, 2019

CONTROL PRINT LIMITED

(ClN: 122219MH1991p1C059800) Regd' off: C-106, Hind Saurashtra Industrial Estate, Andheri-Kurla Road, Marol Naka, Andheri (East), Mumbai - 4oo 0s9 Contact N o. : 022_28599065, 66938900 Website: www.controlprint.com. Email: companysecretary@controlprint.com

Notes:

• The above results were reviewed by the Audit committee and approved by the Board of Directors in their respective meetings held on May 16, 2019' The Statutory Auditors have issued audit report with unmodified opinion on the aforesaid results for the quarter ano year ended March 31, 2019.
• The Board of Directors have recommended a final dividend of Rs. 3.50 per equity share (35 lo ol facevalue of Rs. 10), subject to the approval of shareholders at the ensuing Annual General Meeting (AGM) of the company. In addition to the final dividend, the company had declared and paid interim dividend of Rs. 3/- per equity share in February 2019.
• The company has single reportable segment namely Coding & Marking Applications for the purpose of Ind AS on segment reporting.

Exceptional items of Rs, 510.00 Lakhs (credit) lor the quarter ended March 3L,2o7g and Rs, 44g.67 Lakhs (credit) for the year ended March 31, 2019 includes an amount of Rs. 352,48 Lakhs (Credit) for the quarter ended March 3t,2Ot9 and Rs. 280.51 Lakhs (Credit) for the year ended March 3L,2019 towards change in fairvalue of investments including profit/ loss on sale of shares/units in mutual funds, routed through Profit & Loss Account, Exceptional items also includes an amount of Rs. 157.04 Lakhs (credit) for the quarter ano year ended March 3l-, 2019 receipt of award on decree in favour of the Company for Civil Suit filed in Bombay High Court against CAB Machines 5.A., Switzerland,

• consequenttointroductionof GoodsandServicesTax(GST) witheffectfroml-st July2otT,ExciseDutyhasbeensubsumed into GST' In accordance with Ind AS, GST is not paft of revenue unlike Excise Duty. Accordingly, the figures for the quarter and year enderd March 31,20!9 and March 3I,ZO1,g are net of IndirectTaxes.
• The {Sompany has adopted Ind AS 115 " Revenue from Contracts with customers" with effect from April 1, 201g by applying the modified retrospective approach. Accordingly, there were no significant adjustments required to the retained earnings at April 01, 2018' Also the application of Ind AS 115 did not have any significant impact on recognition and measurement of revenue and relateo items in the financial results.
• The consolidated financial results include the financial results of the subsidiary, Liberty chemicals private Limited. The consolidated financialstatements are prepared in accordance with IND AS 110 "Consolidated Financial Statements".
• The figures for the quarter ended March 3L,2oLg are balancing figures between audited figures in respect of the full financial year and unaudited published year to date figures for the nine month ended December 3i., 2018, which were subject to limited review.
• Previous period/year's figure have been regroupedand/or rearranged whenever considered necessary to confirm to current period/year's classification.

Place: Mumbai Date: May 16,2019

For and on behalf of Board of Directors d

Managing Director DIN: 00176807

JHAWAR MANTRI & ASSOCIATES CHARTERED ACCOUNTANTS

217, Great Eastern Galleria, Plot No. 20, Sector 4, Nerul, Navi Mumbai, Maharashtra - 400 706.

Tel. $: 022 - 27721467$ Telefax: 022-27721557 email : accounts@jhawarmantri.com Website: jhawarmantri.com

Independent Auditor's Report on Standalone Quarterly Financial Results and Year to Date Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

To the Board of Directors of Control Print Limited

• 1. We have audited the accompanying Standalone Financial Results of Control Print Limited ("the Company") for the quarter and year ended 31 March 2019, (the "Statement") being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Circular No. CIR/CFD/FAC/62/2016 dated 5 July 2016.)
• 1. This Statement is the responsibility of the Company's management and is approved by the Board of Directors. The Statement has been compiled from the related annual standalone financial statements prepared in accordance with the Indian Accounting Standards prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued there under and other accounting principles generally accepted in India. Our responsibility is to express an opinion on the Statement based on our audit of such annual standalone financial statements.
• 1. We conducted our audit in accordance with the Standards on Auditing generally accepted in India. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the Statement is free of material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the Statement. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the Statement, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Company's preparation and fair presentation of the Statement in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by the management, as well as evaluating the overall presentation of the Statement.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. ATRIA

• 1. In our opinion and to the best of our information and according to the explanations given to us, the Statement:
  • (a) is presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Circular No. CIR/CFD|FAQ162|2016 dated 5 Juty 2016; and
  • (b) gives a true and fair view in conformity with the aforesaid Indian Accounting Standards and other accounting principles generally accepted in India of the ne1 profit, total comprehensive income and other financial information of the Company for the quarter and year ended 31 March 2ojg.
• 5 The figures for the quarter ended 31 March the previous year as reported in the audited figures in respect of the full fina unaudited figures upto the end of the third were subjected to limited review. 19 and the corresponding quarter ended in ment are the balancing figures between ial year and the published year to date arter of the relevant financial year which

For Jhawar Mantri & Associates Chartered Accountants Firm Registration Number: 113221W

\tk'"2 N-aresh Jhawar Partner Membership No. 045145 Place: Mumbai Dated: May 16, 2019

JHAWAR MANTRI & ASSOCIATES CHARTERED ACCOUNTANTS

217, Great Eastern Galleria, Plot No. 20, Sector 4, Nerul, Navi Mumbai, Maharashtra - 400 706.

Tel. 022-27721467 Telefax : 022-27721557 email : accounts@jhawarmantri.com Website: jhawarmantri.com

Independent Auditor's Report on Consolidated Year to Date Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

To the Board of Directors of

Control Print Limited

• 1. We have audited the accompanying Consolidated Financial Results of Control Print Limited ("the Holding Company") and Liberty Chemicals Private Limited ("the Subsidiary Company") for the year ended 31 March 2019, (the "Statement") being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Circular No. CIR/CFD/FAC/62/2016 dated 5 July 2016.)
• 1. This Statement is the responsibility of the Holding Company's management and is approved by the Board of Directors. The Statement has been compiled from the related consolidated financial statements prepared in accordance with the Indian Accounting Standards prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued there under and other accounting principles generally accepted in India. Our responsibility is to express an opinion on the Statement based on our audit of such consolidated financial statements.
• 1. We conducted our audit in accordance with the Standards on Auditing generally accepted in India. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reascnable assurance about whether the Statement is free of material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the Statement. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the Statement, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Holding Company's preparation and fair presentation of the Statement in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Holding Company's internal control. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by the management, as well as evaluating the overall presentation of the Statement.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

• 1. In our opinion and to the best of our information and according to the explanations given to us, the Statement:
  • (a) is presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Gircular No, CIR/CFD1FAC|6212016 dated 5 July 2016; and
  • (b) gives a true and fair view in conformity with the aforesaid Indian Accounting Standards and other accounting principles generally accepted in India of the net profit, total comprehensive income and other financial information of the Company for the year ended 31 March 2019.

For Jhawar Mantri & Associates Chartered Accountants Firm Registration Number: 113221W

d2k'r"z

Naresh Jhawar Partner Membership No. 045145 Place: Mumbai Dated: May 16, 2019

May 16,2019

To,
The Listing Compliance Department I Listing Department,
LimitedBSE	I National Stock Exchange of India Limilted,
P. J. Towers, Dalal Street, Fort,	I Exchange Plaza, C-7, Block G, Bandra-Kurla
Mumbai - 400 001	l Complex, Bandra (E), Mumbai - 400 0lt1
Scrip Code -522295	Symbol- CONTROLPR

Dear Sir/Madam,

Sub : Declaration pursuant to Regulation 33(3Xd) of the SEBI (Listine Reeulation and Disclosure Requirementsl Regulation. 2015

Pursuant to provisions of Regulation 33(3Xd) of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015, we h,ereby declare that the Statutory Auditor of the Company, M/s Jhawar Mantri & Associates, Chartered Accountants, (Firm Registration No.113221W) have issued the Audit Report with an unmodified opinion on Audited Standalorre and Consolidated Financial Results of the Company for thel year ended March 3L,2019.

Kindly take the same on your record.

Thanking you,

Managing Director (DlN : 00176807)

try/ry'

Rahul Khettry Chief Fina ncial Officer