Control Print (India) Ltd. — Interim / Quarterly Report 2021

Feb 2, 2021

==> picture [109 x 60] intentionally omitted <==

February 02, 2021

To,

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

Sub: Outcome of Board Meeting held on February 02, 2021

Dear Sir/Madam,

The Board at their meeting held today i.e. February 02, 2021 considered and approved the Un-audited Standalone and Consolidated Financial Results for the quarter and nine months ended on December 31, 2020.

Further, pursuant to Regulation 30(2) read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, we wish to inform you that the Board of Directors of the Company at its aforesaid meeting declared an Interim Dividend of Rs. 4.00 /-per equity share (40%) on the face value of Rs. 10/- per share for the Financial Year 2020-21, and that the record date for the purpose of determining the names of members eligible for receipt of the interim dividend will be Friday, February 12, 2021. The dividend will be paid on or after Monday, February 15, 2021.

The meeting of the Board of Directors commenced at 4.00 p.m. and concluded at 5.00 p.m.

In respect of this, we enclose the following:

1. The Un-audited Standalone and Consolidated Financial Results for the quarter and nine months ended on December 31, 2020.

2. Limited Review Report, issued by M/s. Jhawar Mantri & Associates, Statutory Auditors of the Company, on the Un-audited Standalone and Consolidated Financial Results of the Company for the quarter and nine months ended on December 31, 2020.

Kindly take the same on your records.

==> picture [86 x 85] intentionally omitted <==

Thanking you,

For Control Print Limited

==> picture [98 x 26] intentionally omitted <==

Reena Shah

Company Secretary & Compliance Officer

Encl: As above.

Control Print Limited, C-106, Hind Saurashtra Industrial Estate, Andheri-Kurla Road, Marol Naka, Andheri (East), Mumbai 400059, India t. +91 22 28599065 / 66938900 | f. +91 2228528272 | e. ho@controlprint.com I w. www.controlprint.com CIN. L22219MH1991PLC059800

MUMBAI (Regd.Office). AHMEDABAD. BENGALURU. CHANDIGARH. CHENNAI. COLOMBO. DELHI. GUWAHATI HYDERABAD. JAMSHEDPUR. KOLKATA. NALAGARH. PUNE. VASAI

CONTROL PRINT LIMITED

==> picture [129 x 47] intentionally omitted <==

(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 STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTH ENDED DECEMEBER 2020

==> picture [586 x 466] intentionally omitted <==

----- Start of picture text -----

Sr No. Particulars Quarter Ended Nine Month Ended Year Ended
31.12.2020 30.09.2020 31.12.2019 31.12.2020 31.12.2019 31.03.2020
(Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited)
1 Income
I. Revenue from operations 5463.81 5304.42 4742.11 14260.58 14869.81 19491.75
II. Other income 14.56 4.47 16.98 40.27 85.54 114.39
Total Income 5478.38 5308.89 4759.09 14300.85 14955.35 19606.14
2 Expenses
I. Cost of Material consumed 1632.45 2149.12 1485.81 4395.26 5164.58 6522.48
II. Purchase of stock-in-trade 420.61 308.65 261.58 881.43 782.14 1051.89
III. Changes in Inventories of finished goods,
130.93 (439.54) (16.97) 58.15 (495.53) (267.63)
work-in-progress and stock-in-trade
IV. Manufacturing & Operating Costs 177.57 177.07 187.39 481.88 625.06 771.95
V. Employee benefits expense 1066.55 1142.64 1079.76 3208.40 3045.38 4080.93
VI. Finance costs 36.52 28.55 18.84 102.90 56.98 86.54
VII. Depreciation and amortization expense 365.20 378.80 227.92 973.31 674.44 902.72
VIII. Other expenses 725.52 666.62 609.01 1776.40 1988.89 2722.18
Total Expenses 4555.35 4411.92 3853.34 11877.72 11841.94 15871.06
3 Profit before Exceptional Items & Tax(1 - 2) 923.03 896.97 905.75 2423.12 3113.41 3735.08
4 Exceptional Items (14.92) (16.84) (179.36) 179.61 161.32 429.35
5 Profit/(Loss) before taxation (3 - 4) 937.94 913.81 1085.11 2243.52 2952.09 3305.73
6 Tax Expense :
I. Current Tax 164.00 169.50 190.85 395.00 515.85 580.00
II. Deferred Tax (3.37) (4.23) 6.75 (17.35) 58.68 61.85
Total Tax Expense 160.63 165.27 197.60 377.65 574.53 641.85
7 Profit for the period from continuing operations (5 - 6) 777.31 748.54 887.51 1865.86 2377.56 2663.88
8 Other Comprehensive Income
A. Items that will not be reclassified to profit or loss
- - - - -
A(I). Remeasuremnts of net defined benefits plans (24.39)
A(II). Equity Instruments through OCI 61.77 701.92 98.40 1178.95 (10.60) (369.06)
(III) Income tax relating above items - - (17.15) - 1.85 4.00
Total Other Comprehensive Income 61.77 701.92 81.25 1,178.95 (8.75) (389.45)
9 Total Comprehensive Income for the period(7 + 8) 839.08 1450.46 968.76 3044.81 2368.81 2274.43
10 Paid up Equity share capital 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. ) * 4.76 4.58 5.43 11.42 14.56 16.31
Diluted (Rs.) * 4.76 4.58 5.43 11.42 14.56 16.31
----- End of picture text -----

*Not Annualised excluding Year End

==> picture [99 x 99] intentionally omitted <==

==> picture [92 x 92] intentionally omitted <==

==> picture [97 x 36] intentionally omitted <==

CONTROL PRINT LIMITED

==> picture [147 x 46] intentionally omitted <==

(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 CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTH ENDED DECEMEBER 2020

==> picture [588 x 466] intentionally omitted <==

----- Start of picture text -----

Sr No. Particulars Quarter Ended Nine Month Ended Year Ended
31.12.2020 30.09.2020 31.12.2019 31.12.2020 31.12.2019 31.03.2020
(Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited)
1 Income
I. Revenue from operations 5463.81 5304.42 4742.11 14260.58 14869.81 19491.75
II. Other income 14.57 4.47 16.98 40.27 85.54 114.39
Total Income 5478.37 5308.89 4759.09 14300.85 14955.35 19606.14
2 Expenses
I. Cost of Material consumed 1632.45 2149.12 1485.81 4395.26 5164.58 6522.48
II. Purchase of stock-in-trade 420.61 308.65 261.58 881.43 782.14 1051.89
III. Changes in Inventories of finished goods,
130.93 (439.54) (16.97) 58.15 (495.53) (267.63)
work-in-progress and stock-in-trade
IV. Manufacturing & Operating Costs 177.57 177.07 187.39 481.88 625.06 771.95
V. Employee benefits expense 1066.55 1142.64 1079.76 3208.40 3045.38 4080.93
VI. Finance costs 36.52 28.55 18.85 102.90 56.99 86.55
VII. Depreciation and amortization expense 370.76 384.39 233.48 990.05 691.20 925.07
VIII. Other expenses 725.53 666.81 609.66 1778.59 1989.56 2729.87
Total Expenses 4560.92 4417.69 3859.56 11896.65 11859.38 15901.10
3 Profit before Exceptional Items & Tax(1 - 2) 917.45 891.20 899.53 2404.19 3095.97 3705.04
4 Exceptional Items (14.92) (16.84) (179.36) 179.61 161.32 429.35
5 Profit/(Loss) before taxation (3 - 4) 932.37 908.04 1078.89 2224.59 2934.65 3275.69
6 Tax Expense :
I. Current Tax 164.00 169.50 190.85 395.00 515.85 580.00
II. Deferred Tax (3.37) (4.23) 6.75 (17.35) 58.68 61.85
Total Tax Expense 160.63 165.27 197.60 377.65 574.53 641.85
7 Profit for the period from continuing operations (5 - 6) 771.74 742.77 881.29 1846.93 2360.12 2633.84
8 Other Comprehensive Income
A. Items that will not be reclassified to profit or loss
- - - - -
A(I). Remeasuremnts of net defined benefits plans (24.39)
A(II). Equity Instruments through OCI 61.77 701.92 98.40 1178.95 (10.60) (369.06)
(III) Income tax relating above items - - (17.15) - 1.85 4.00
Total Other Comprehensive Income 61.77 701.92 81.25 1,178.95 (8.75) (389.45)
9 Total Comprehensive Income for the period(7 + 8) 833.51 1444.69 962.54 3025.88 2351.37 2244.39
10 Paid up Equity share capital 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. ) * 4.73 4.55 5.40 11.31 14.45 16.13
Diluted (Rs.) * 4.73 4.55 5.40 11.31 14.45 16.13
----- End of picture text -----

*Not Annualised excluding Year End

==> picture [86 x 87] intentionally omitted <==

==> picture [105 x 105] intentionally omitted <==

==> picture [98 x 37] intentionally omitted <==

==> picture [126 x 35] intentionally omitted <==

CONTROL PRINT LIMITED

(CIN: L22219MH1991PLC059800) Regd. Off: C-106, Hind Saurashtra Industrial Estate, Andheri-Kurla Road, Marol Naka, Andheri (East), Mumbai – 400 059 Contact No.: 022-28599065, 66938900 Website: www.controlprint.com Email: companysecretary@controlprint.com

Notes:

1. Standalone and Consolidated financial results of the company for the quarter and nine month ended December 31, 2020 were reviewed by the Audit committee and approved by the Board of Directors in their respective meetings held on February 2,2021 The Statutory Auditors have carried out limited Review of the same and expressed an unmodified review report on these financial results.

2. The Statement has been prepared in accordance with the Indian Accounting Standard (Ind AS) notified under section 133 of the Companies Act, 2013 read with rule 3 of the Companies (Indian Accounting Standard) Rules, 2015 and other relevant provisions of the Act.

3. The Company has single reportable segment namely Coding & Marking Applications for the purpose of Ind AS on segment reporting.

4. The Board Declared an Interim Dividend of Rs. 4 per equity share on February 2, 2021. Record date for payment is February 12, 2021. Dividend will be paid on and after February 15, 2021.

5. Exceptional items for the quarter ended 31[st] December 2020 of Rs 14.92 Lakhs (Credit) is towards change in fair value of Investments including profit/ loss on sale of shares / units in Mutual Fund routed through Profit & Loss account.

6. The Company has considered the possible effect of COVID-19 in preparation of these standalone & consolidated financial results including the recoverability of carrying amounts of financial assets. Based on the assessment of current indicators of future economic conditions, the Management expects to recover the carrying amount of its assets and does not foresee any risk to service financial obligations. The impact of any future events and developments emerging out of Pandemic, occurring after the approval of the above financial results will be recognised prospectively.

7. Previous period/year’s figure have been regrouped and/or rearranged whenever considered necessary to confirm to current period/year’s classification.

For and on behalf of Board of Directors Control Print Limited

==> picture [105 x 43] intentionally omitted <==

Place: Mumbai Basant Kabra Dated: February 2, 2021 Managing Director

DIN: 00176807

==> picture [532 x 125] intentionally omitted <==

Independent Auditor’s Review Report on Unaudited Standalone Quarterly and Nine Month Financial Results of the Company Pursuant to the Regulations 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)

Review Report to The Board of Directors, Control Print Limited

We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of Control Print Limited for the quarter and nine month ended December 31, 2020 (‘the Statement’). This statement is the responsibility of the Company’s Management and has been approved by the Board of Directors. Our responsibility is to issue a report on this financial statement based on our review.

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 Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS34"), 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 issue a report 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 lndia. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial statements prepared in accordance with the applicable accounting standards and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement.

Emphasis of Matter

We draw attention to Note No. 6 to the accompanying unaudited financial results which describes the impact of COVID-19 pandemic on the Company’s operation and results as assessed by the management. Our conclusion is not modified in respect of this matter.

For Jhawar Mantri & Associates Chartered Accountants Firm Registration No.: 113221W

==> picture [108 x 37] intentionally omitted <==

==> picture [87 x 87] intentionally omitted <==

Naresh Jhawar Partner Membership No: 045145 UDIN: 21045145AAAABI1578

Place: Navi Mumbai Date: February 2, 2021

==> picture [520 x 116] intentionally omitted <==

Independent Auditor’s Review Report on Unaudited Consolidated Quarterly and Nine Month Financial Results of the Company Pursuant to the Regulations 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)

Review Report to The Board of Directors, Control Print Limited

We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Control Print Limited ('hereinafter referred to as 'the Holding Company') and its subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group") for the quarter and nine month ended December 31, 2020 ('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, as amended.

This Statement, which is the responsibility of the Holding Company's Management and has been approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34,"Interim Financial Reporting" ("Ind AS 34") prescribed under Section 133 of the Companies Act, 2013 as amended, 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. A review of interim financial information consists of making inquiries, primarily of persons 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 Standard on Auditing 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.

We also performed procedures in accordance with the SEBI Circular CIR/CFD/CMD1/44/2019 dated March 29, 2019 issued by the Securities and Exchange Board of India under Regulation 33(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.

The Statement includes results of the following entities:

Name of the Entity	Relationship
Liberty Chemicals Private Limited	Wholly Owned Subsidiary

==> picture [109 x 109] intentionally omitted <==

Based on our review conducted and procedures performed 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 Ind AS 34, prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder 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.

Emphasis of Matter

We draw attention to Note No. 6 to the accompanying unaudited financial results which describes the impact of COVID-19 pandemic on the Company’s operation and results as assessed by the management. Our conclusion is not modified in respect of this matter.

For Jhawar Mantri& Associates Chartered Accountants Firm Registration No.: 113221W

==> picture [109 x 38] intentionally omitted <==

Naresh Jhawar Partner Membership No: 045145 UDIN: 21045145AAAABJ3382

==> picture [117 x 118] intentionally omitted <==

Place: Navi Mumbai Date: February 2, 2021