DCM NOUVELLE LIMITED

May 28, 2024

Scrip Code: 542729 Symbol: DCMNVL

BSE Limited, National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G Dalal Street Bandra Kurla Complex, Bandra East Mumbai-400 001 Mumbai, Maharashtra – 400 051

Dear Sir/ Madam,

Sub: Disclosure under Regulation 30 and other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'): Outcome of the Board meeting

Pursuant to Regulation 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), we would like to inform you that the Board of Directors in their meeting held today i.e., May 28, 2024, have considered and approved the standalone and consolidated Audited Financial Results for the quarter and financial year ended March 31, 2024 along with the audit report of the statutory auditor.

We are enclosing herewith the followings:

1. Standalone and Consolidated Audited Financial Results for the quarter and financial year ended March 31, 2024 along with the audit report of the statutory auditor.
1. A declaration by CFO confirming that the Auditors have given an Unmodified Opinion on the Annual Audited Financial Results of the Company for the financial year ended March 31, 2024, as required under second proviso to regulation 33(3)(d) of SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015

The Board Meeting commenced at 03:30 pm and concluded at 06:10 pm

This is for information and record.

Encl-a/a

Thanking you, For DCM Nouvelle Limited Mohd Sagir Mohd Sagir Digitally signed by Mohd Sagir Date: 2024.05.28 18:18:07 +05'30'

Company Secretary & Compliance Officer

Wal.ke:r Chandiok & Co LLP 21 t-1 Hoar, DLF Square Jacaranda Marg, DLF Phase II Gurugram - 122 002 India T +91 124 4628099 F +91124 4628001

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

To the Board of Directors of DCM Nouvelle Limited

Opinion

1. We have audited the accompanying consolidated annual financial results ('the Statement') of DCM Nouvelle Limited ('the Holding Company') and its subsidiaries (the Holding Company and its subsidiaries together referred to as 'the Group'),for the year ended 31 March 2024, 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) ('Listing Regulations').
1. 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 other auditors on separate audited financial statements of the subsidiary, as referred to in paragraph 12 below, the Statement:
(i) includes the annual financial results of the entities listed in Annexure 1;
(ii) presents financial results in accordance with the requirements of Regulation 33 of the Listing Regulations; and
(iii) gives a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards ('Ind AS') prescribed under section 133 of the Companies Act, 2013 ('the Act') read with the Companies (Indian Accounting Standards) Rules, 2015, and other accounting principles generally accepted in India, of the consolidated net loss after tax and other comprehensive income and other financial information of the Group, for the year ended 31 March 2024.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing specified under section 143(10) of the Act. Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Statement section of our report. We are independent of the Group, its associates and joint ventures, in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India ('the ICAI') together with the ethical requirements that are relevant to our audit of the financial results 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 obtained by us together with the audit evidence obtained by the other auditors in terms of their reports referred to in paragraph 12 of the Other Matter section below, is sufficient and appropriate to provide a basis for our opinion.

Responsibilities of Management and Those Charged with Governance for the Statement

The 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 on the basis of the consolidated annual financial statements. The Holding Company's Board of Directors is responsible for the preparation and presentation of the Statement that gives a true and fair view of the consolidated net profit or loss and other comprehensive income, and other financial information of the Group including its associates and joint ventures in accordance with the Ind AS prescribed under section 133 of the Act read with the Companies (Indian Accounting Standards} Rules, 2015 and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The respective Board of Directors/ management of the companies included in the Group, are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act, for

Walker Chandiol< & Co LIJ> is ~stered with limited liabillty with identifoation number AAC.208S and its registered offiu ;it l-41 Connaught Circus. Ntw Delhi. 110001.lnd<a

safeguarding of the assets of the Group, 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 design, implementation and maintenance of adequate internal financial controls, that were operating effectively, for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial results, that give a true and fair view and are free from material misstatement. whether due to fraud or error. These financial results have been used for the purpose pf preparation of the Statement by the Directors of the Holding Company, as aforesaid.

1. In preparing the Statement, the respective Board of Directors/ management of the companies included in the Group, are responsible for assessing the ability of the Group, to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting, unless the respective Board of Directors/ management either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so.
1. Those respective Board of Directors are also responsible for overseeing the financial reporting process of the companies included in the Group.

Auditor's Responsibilities for the Audit of the Statement

1. Our objectives are to obtain reasonable assurance about whether the Statement as a whole is 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 audit conducted in accordance with Standards on Auditing specified under section 143(10) of the Act will always detect a material misstatement, when it exists. Misstatements can arise from fraud or error, 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 this Statement.
1. As part of an audit in accordance with the Standards on Auditing specified under section 143(10) of the Act, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
Identify and assess the risks of material misstatement of the Statement, 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;
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 on whether the Holding Company has adequate internal financial controls with reference to 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 made by the Board of Directors;
Conclude on the appropriateness of Board of Directors's 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 ability of the Group, 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 Statement 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 to cease to continue as a going concern;
Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represents the underlying transactions and events in a manner that achieves fair presentation; and
Obtain sufficient appropriate audit evidence regarding the financial statements of the entities within the Group, to express an opinion on the Statement. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the Statement, of which we are the independent auditors. For the other entities included in the Statement, which have been audited by the other auditors, such

al L-41 Connaught Cin>us, New Delhi. 11000'. lndia

other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion.

1. We communicate with those charged with governance of the Holding Company, 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.
1. 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.
11 . We also performed procedures in accordance with SEBI Circular CIR/CFD/CMD1/44/2019 dated 29 March 2019, issued by the SEBI under Regulation 33 (8) of the Listing Regulations, to the extent applicable.

Other Matter(s)

We did not audit the annual financial statements of One subsidiary included in the Statement, whose financial information reflects total assets of~ 9,098.23 lacs as at 31 march 2024, total revenues of~ 6.30 lacs, total net loss after tax of~ 368.70 lacs total comprehensive income/(loss) of~ NIL, and cash flows (net) of~ (384.53) for the year ended on that date, as considered in the Statement. These annual financial statements have been audited by other auditor whose audit report have been furnished to us by the management, and our opinion in so far as it relates to the amounts and disclosures included in respect of the subsidiary is based solely on the audit report of such other auditors, and the procedures performed by us as stated in paragraph 11 above.

Our opinion is not modified in respect of this matter with respect to our reliance on the work done by and the reports of the other auditors.

The Statement includes the consolidated financial results for the quarter ended 31 March 2024, being the balancing figures between the audited consolidated figures in respect of the full financial year and the published unaudited year-to-date consolidated figures up to the third quarter of the current financial year, which were subject to limited review by us.

Chamrod Accounuints

Off'>e•s in S..ngaluru, Chancligvh, Chenn•i. Gurugram, H~der.ob.od. l<ochi, l<olk•a. Uumbai. New Delhi, Nolda and Pun•

Walke< Chandtol< & Co LU> is r.gislerod with limited IAbolity wi1h identifieation number AAC-2085 and its regi.stsed c,ff',u ;at L-41 Connaught Cifeus, Ntwllelhi. 110001. ln<b

Annexure 1

List of entities included in the Statement

Subsidiary Company

(a) DCM Nouvelle Specialty Chemicals Limited

DCM Nouvelle Limited Regd. Office: 407, Vikrant Tower, 4 Rajeodra Place, New Delhi - 110008 CIN: L17309DL2016PLC307204 E-mail: info@dcmnvlcom

Tel: 011-45013348

Coosolideued st:J.tement of profit :J.nd loH for the qu:J.ner ;md fimmci2:l ve·1r ended 31 Man;h 2024

					(₹ in lakhs except as stated otherwise)
	S. No. Particulars	Quarter ended 31 March 2024 (Refer note 1)	Quarter ended 31 December 2023	Quarter ended 31 March 2023 (Refer note 1)	Year ended 31 March 2024	Year ended 31 March 2023
		(Unaudited)	(Unaudited)	(Unaudited)	(Audited)	(Audited)
	Income:
I.	Revenue from operations	26,438	26,686	23,658	1,08,094	86,441
П.	Other income	142	140	290	665	583
III.	Total income $(1 + 11)$	26,580	26,826	23,948	1,08,759	87,024
IV	Expenses
	Cost of materials consumed	20,035	19,920	20,995	83,231	70,628
	Changes in inventories of finished goods and work-in-progress	(252)	1,352	(2,762)	$2,2+4$	(1, 848)
	Employee benefits expense	1,425	1,549	1,472	6,045	5,184
	Finance costs	723	609	325	2,517	622
	Depreciation expense	604	580	$+6+$	2,311	1,001
	Other expenses	3,338	3,113	2,851	12,715	9,320
	Total expenses (IV)	25,873	27,123	23,345	1,09,063	84,907
$\mathbf{V}$	Profit/(Loss) before exceptional items and tax (III-IV)	707	(297)	603	(304)	2,117
VI	Exceptional items		٠	294		294
VII	Profit/ (Loss) before tax (V-VI)	707	(297)	309	(304)	1,823
VIII	Tax expense:
	-Current tax	30		(91)	30	81
	-Deferred tax	205	(16)	287	76	576
	Total tax expense	235	(16)	196	106	657
IX	Profit/(Loss) for the period/year	472	(281)	113	(410)	1,166
X	Other comprebensive income Items that will not be reclassified to profit or loss Re-measurement gain/(loss) of defined benefit obligations Income tax relating to remeasurement of defined benefit obligations	(39) (10)	10 $\mathbf{3}$	1 $\mathbf{1}$	(9) (2)	18 5
ZI	Other comprehensive income, net of tax	(29)	$\overline{7}$	a.	(7)	13

XII	Total comprehensive income for the period/year {comprising profit/(loss) and other comprehensive income for the period/year}	443	(274)	113	(417)	1,179
XIII	Net profit attributable to
	a) Owners of the Holding Company	479	(250)	135	(327)	1,229
	b) Non-controlling interest	(7)	(31)	(22)	(83)	(63)
XIV	Other comprehensive income attributable to
	a) Owners of the Holding Company	(29)	7		$\sigma$	13
	b) Non-controlling interest
ZV	Total comprehensive income attributable to
	a) Owners of the Holding Company	450	(243)	135	(334)	1,242
	b) Non-controlling interest	(7)	(31)	(22)	(83)	(63)
XVI	Paid up equity share capital (face value of $\bar{x}$ 10 per share)	1,868	1,868	1,868	1,868	1,868
XVII	Other equity				29,687	30,020
XVIII	Earnings/(Loss) per share	(not annualised)	(not annualised)	(not annualised)	(annualised)	(annualised)
	Basic and diluted $(\bar{\mathbf{x}})$	2.53	(1.51)	0.60	(2.20)	6.24

N!!lll:

In terms ofllc!:,•tilation 33 of tht SEill(ListingObligations and Disdosure Rl·c1uircmcnts) 2015, this statement of consolidated .-\uditcd Finant:ial Results of the Company have been reviewed by the Audit Committee and approved by the Board of Directors at their respective mectin&,s held on 28 ~·[:i~, 2024. Fis,ures for the quartl'rs ended 31 t\fo rch 202~ :md 31 March 20::!3 rc.i,resents the balancing figure~ between audited figures for the full financial rcnr and publishcid ye;ir to date figures upto the third qu;1rtc:r of the rear ended 31 Mart:h 2024 and 31 March 2023 respectively, which have been mhject to limited review.
'Ihc above re sults have been prc.i>ared in acrnrdanct· with the rixognition and measurement principles of the acrnuntmg principles gcnerall)' acceptl:<l in India, induding the Indian Accounting Stand:irds prescribed under Section 133 of the Companies Act, 201 3 read \vith rele\·ant rules issued tl1en·under and other accounting pnrn.:ipb generally accepted in India and in compliance with Reguh1t1on 33 of the SEBI (Listing Oblig;1tion and D1~dosurc Requirements) Rcgubt1om, 2015 (as amended).
lhe G roup has identified textiles and chemicals as operating segments based , ) 11 org.111ization:1l structure aml fo r whic h disc rete financial information 1ncluding segment results is available.
E.~ceptional items

				(C in lakhs except as stated otherwise)
Particulars	Year ended Ouarter ended
		31 March 2024 31 December 2023	31 March 2023	31 March 2024	31 March 2023
Loss on sale of immovable properties			294		294

During the ye ar ended 31 l>, {;irch 2023 the Company has sold/ agreed to sale certain immovable properties re sulting in loss of t' 294.08 lakhs

:i. Subsequent thc ye,1r l⁰ nd. on t:\ May 2024, fire occurred at one of our cotton w;m•houscs at Hisa r pl:1nt resulting in the damage to the inventory. 'llw tinancial st:.1tcmcnts for the year ended 31 Man.:h 2024 do not reflect the imp:u.: t of this event as it oi.:cum·d :1frl·r the rt.1mrting period. ·n,c Compan)' is in process of assessing the cl)mplctc extent of the dama&rc and the associated moncrary impact. Man:16,cmcnt has insurance covcragi.: at,':linst such loss though the exact amount of the recovery is currently undetermined.

lhe impact of the fire in 9Perations is not expected to have ,mr m.iterial lx·anng on the production facility of the rnmpany, and the operatiom at thl· plant .ire not affected. Management has started steps ro ensure businei:s continuity and is working d o~dr wirh insurance providers to proccsi: claims.

1he figures for the cOJrresponding previous quarter/ p<.·riod/ycar have been n::gr,1uped/ rcd:mtified/ rt.-ca~tcd, whcrevc:r m.-cessary, which arc not matcrrnl.

For and on behalf o :.fa.ard of Directors

Hemant Bharat Ram Man:lh,ing Director TJ!N: 00150933

Place: New Delhi O:ite: 28 i\fay 202.i

Regd. Office: 407, Vikrant Tower, 4 Rajendra Place, New Delhi • 110008 CIN: L17309DL2016PLC307204 E-mail: [email protected] Tel: 011-45013348

Consolidated statement of assets and liabilities as at 31 March 2024

		(f in lakhs except as stated otherwise)
Particulars	As at	As at
	31 March 2024	31 March 2023
ASSETS	(Audited)	(Audited)
Non-current assets
Propert}·, plant and equipment	31,1 24	26,322
Capital work-in-prot,Pfess	10	1,113
Right of use assets	1,277	1,31 4
Intangible assets	41
Non-current tax assets (net)	427	477
Other non-current assets	1,946	2,065
Total non-current assets	34,825	31,291
Current assets
Inventories	26,431	22,806
J•'immcial assc:ts
(i) Trade receivables	11,464	5,897
(ii) Cash and cash equivalents	74	502
(iii) Bank balances other than (ii) above	27
(iv) Loans	41	48
(v) Other financial assets	510	331
Other current assets	2,933	1,905
	41,480	31,489
Assets held for sale		1,892
T otal current assets	41,480	33,381
T otal assets	76,305	64,672
EQUITY AND LIABILITIES
Equity
Equity share capital	1,868	1,868
Other equity	29,687	30,020
Equity attributable to owners of the Company	31,555	31,888
Non-controlling interests	891	726
Total equity	32,446	32,614
Liabilities
Non-current liabilities
Financial liabilities
(i) Borrowings	8,252	9,753
(ii) Lease liabilities	65	83
(iii) Other financial liabilities	14	14
Provisions	439	405
Deferred tax liabilities (net) T otal non- current liabilities	571 9,341	498 10,753
Current liabilities
J .'inancial liabilities
{D Borrowings	28,909	16,653
(ii) Trade payables
(a) Total outstanding dues of micro enterprises and small enterprises; and	1,368	230
(b) Total outstanding dues cJf creditors other than micro enterprises anJ small enterprises	1,461	1,776
(iii) Other financial liabilities	965	1,076
Other current liabilities	252	222
Contract liabilities	:l43	155
Provisions	1,220	1,193
Total current liabilities	34,518	21,305
Total equity and liabilities	76,305	64,672

DCM Nouvelle Limited

Consolidated statement of Cash flow for the year ended 31 March 2024

			('f in lakhs except as stated otherwise)
	S.No. Particulars	For the year ended 31 March 2024	For the year ended 31 March 2023
A.		(Audited	(Audited
	Cash flows from operating activities
	Net profit before tax	(304)	1,823
	Adjustments for :
	Depreciation expense	2,3 11	1,002
	Profit on sale of property, plant and equipment (net)	(6)	(9)
	Loss on sale of immovable property	-	57
	Provision against loss on immovable properties		237
	Unrealised fo reign exchange gain	I	(55)
	Interest income including interest subsidy	(77)	(76)
	Miscellaneous balances written back	(11)	(128)
	Provision against TUF subsidy	2	2
	Prmision agai nst doubtful advances	73	-
	Interest expense	2,517	622
	Operating profit before working capital changes	4,506	3,475
	Net change in
	Inventories	(3,625)	(764)
	Trade recei,·ables	(5,527)	2,354
	Loans	8	(1 6)
	Other financial assets	(234)	838
	Other assets	(918)	(1,836)
	Trade payable	834	1,000
	Provisions	50	(87)
	Financial liabilities	80	34
	O ther liabilities	218	203

	Cash generated/ (used) in operations Income-taxes paid (net of refunds)	(4,608) -	5,201 (435)
	Net cash flows generated from operating activities (A)	(4,608)	4,766

B.	Cash flows from investing activities
	Purchase of property, plant and equipment (including capital work-in-progress, capital ad,·ance and	(4,304)	(16,014)
	capital creditors)
	Proceeds from sale of property, plant and equipment	14	155
	Proceeds from issue of equity share capital and share premium	248	786
	Interest received	53	71
	Fixed deposits (made)/ matured during the year•	(27'	144
	Net cash flows (used) in investing activities (B)	(4,016)	(14,858)

C.	Cash flows from financing activities
	Repaymen t of long-term borrowings	(796)	(25)
	Proceeds from long-term borrowings		7,703
	Proceeds from short-term borrowings (net)	11 ,510	3,131
	Finance charges paid	(2,5 18)	(637)
	Net cash flows generated from financing activities (C)	8,196	10,172
D.	Net Increase/( decrease) in cash and cash equivalents during the year (A+B+C)	(428)	80
E.	Cash and cash equivalents at the be1jnning of the year	502	422
F.	Cash and cash equivalents at the end of the year	74	502

G.	Components of cash and cash equivalents
1.	Balances with banks:
	- Current accounts	23	468
	- Cash credit accounts	48	28
u.	Cash on hand	3	6
	Cash and cash equivalents as at the end of the year	74	502

*roJJnded oj/lo nil

Note:

The above cash flow statement has been prepared under the 'indirect method' as set out in Ind ,\S 7. 'Statement of cash flows'. SIGNED FOR

DCM Nouvelle Limited Regd. Office: 407, Vikrant Tower, 4 Rajendra Place, New Delhi -110008 CIN: L17309DL2016PLC307204 E-mail: [email protected] Tel: 011-45013348

Operating Segments Disclosure as per Ind AS 108 'Operating Segments':

						(f in lakhs except as stated otherwise)
	S. No. Particulars	Quarter ended 31 March 2024	Quarter ended 31 December 2023	Quarter ended 31 March 2023	Year ended 31 March 2024	Year ended 31 March 2023
		(Audited)	(Unaudited)	(Audited)	(Audited)	(Audited)
1	Segment revenue
(a)	Textiles	26,432	26,686	23,658	1,08,088	86,441
(b)	Chemicals	6		-	6	-
	Total Segment revenue	26,438	26,686	23,658	1,08,094	86,441
2	Segment results
(a)	Textiles	828	(114)	398	199	2,084
(b)	Chemicals	(48)	(132)	(89)	(369)	(261)
	Total segment results before tax	780	(246)	309	(170)	1,823
	Less inter segment elimination	73	51		134	-
	Total profit before tax	707	(297)	309	(304)	1,823
3	Segment assets
(a)	Textiles	75,407	66,361	63,910	75,407	63,910
(b)	Chemicals	9,098	8,032	2,831	9,098	2,831
(c)	Elimination of inter segment assets	(8,201)	(7,073)	(2,069)	(8,201)	(2,069)
	Total segment assets	76,304	67,320	64,672	76,304	64,672
4	Segment liabilities
(a)	Textiles	43,215	34,732	31,803	43,215	31,803
(b)	Chemicals	3,562	3,048	259	3,562	259
(c)	Elimination of inter segment liabilities	(2,91 8)	(2,407)	(4)	(2,918)	(4)
	Total segment liabilities	43,859	35,373	32,058	43,859	32,058
	Segment revenue- Geographical information
(a)	Textiles
	India	15,294	16,272	13,243	59,989	58,41 4
	Rest of the world	11,138	10,414	10,41 5	48,099	28,027
	Sub-total (a)	26,432	26,686	23,658	1,08,088	86,441
(b)	Chemicals
	India	6	-	-	6	-
	Rest of the world	-	-	-	-	-
	Sub-total (b)	6	-	-	6	-
	Total (a) +(b)	26,438	26,686	23,658	1,08,094	86,441

SIGNED FOR IDENTIFICATION PURPOSES

Walker Chandiok & Co LLP 21~1 floor, DLF Square Jacaranda Marg, Dlf Phase II Gurugram - 122 002 India T +91 124 4628099 F +91 124 4628001

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

To the Board of Directors of DCM Nouvelle Limited

Opinion

1. We have audited the accompanying standalone annual financial results ('the Statement') of DCM Nouvelle Limited ('the Company') for the year ended 31 March 2024, attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) ('Listing Regulations').
1. In our opinion and to the best of our information and according to the explanations given to us, the Statement:
(i) presents financial results in accordance with the requirements of Regulation 33 of the Listing Regulations ; and
(ii) gives a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards ('Ind AS') specified under section 133 of the Companies Act, 2013 ('the Act'), read with the Companies (Indian Accounting Standards) Rules, 2015, and other accounting principles generally accepted in India, of the standalone net profit after tax and other comprehensive income and other financial information of the Company for the year ended 31 march 2024.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing specified under section 143(10) of the Act. Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Statement 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 ('the ICAI') together with the ethical requirements that are relevant to our audit of the financial results 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 obtained by us, is sufficient and appropriate to provide a basis for our opinion.

Responsibilities of Management and Those Charged with Governance for the Statement

This. Statement has been prepared on the basis of the standalone annual financial statements and has been approved by the Company's Board of Directors. The Company's Board of Directors is responsible for the preparation and presentation of the Statement that gives a true and fair view of the net profit/loss and other comprehensive income and other financial information of the Company in accordance with the Ind AS specified under section 133 of the Act, read with the Companies (Indian Accounting Standards) Rules, 2015 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 irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that gives a true and fair view and is free from material misstatement, whether due to fraud or error.

Ct,.,OOt <i ac:countants<="" th="">
OfficH in llfflg,llun,, C!Qndigvt,, Chfflnlli, Gurugnm. Hydenl>ld. KochL Kolk•~ !Au

W>l~er Ch•nciot & Co LLP is ritgls- .,.;,t, limited l~bility - ldtntificlltion number AAC·208S and its ritglsw.d ol'fiet a.tl-41 Coon.aught Circus. NtwOolhl. 110001. ln<b

1. In preparing the Statement, the Board of Directors is 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 to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
1. The Board of Directors is also responsible for overseeing the Company's financial reporting process.

Auditor's Responsibilities for the Audit of the Statement

1. Our objectives are to obtain reasonable assurance about whether the Statement as a whole is 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 audit conducted in accordance with Standards on Auditing, specified under section 143(10) of the Act, will always detect a material misstatement when it exists. Misstatements can arise from fraud or error 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 this Statement.
1. As part of an audit in ~ccordance with the Standards on Auditing, specified under section 143(10) of the Act, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
Identify and assess the risks of material misstatement of the Statement, 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;
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 on whether the Company has in place an adequate internal financial controls with reference to financial statements and the operating effectiveness of such controls;
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors;
Conclude on the appropriateness of the 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 uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Statement 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;
Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represents the underlying transactions and events in a manner that achieves fair presentation;
1. We communicate with those charged with governance 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.
1. 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.

Wolkf< Ch>ndiok & Co LLP j,s r.gislt<M with lim~d li•bility with identification number AAC-2085 and ib rl'gisltred olf,ee •i l-41 Connoug!rt Circus, New Otlhi. H0001, lnd.l

Char!Htd Accountallls

Officu in e.ng.111ru. Ch•ndigom. C!Mnnai. Gurugram. Hydtrabad. Koc:hi, KolQQ. Mumbai. N.w o.lhi, Noid> and Plane

Other Matter(s)

11 . The Statement includes the financial results for the quarter ended 31 March 2024, being the balancing figures between the audited figures in respect of the full financial year and the published unaudited year-to-date figures up to the third quarter of the current financial year, which were subject to limited review by us.

For Walker Chandiok & Co LLP Chartered Accountants Firm Registration No.: 001076N/N500013

~.-,Y~~

Rohit Arora Partner Membership No. 504774 UDIN: 24504774BKEOAU1505

Place: New Delhi Date: 28 May 2024

Ch.lrmfd Accoununts

W.>lk..- Ch>ndiok & Co llP i.s •~sr.<..i will! Ii~ liability with idenlification number AAC-203S •nd its r~sttr.d olf,u •I L-41 Conn•~ Circus. New Otlhi. 110001. Ind.>

Offico in B+ng>luru. Ch.and/~. Chffliut Gurugr;om. Hyderabad. Kochi. Kolk.IQ. Mwnb.Ji. tww Otlhi. Noi and Punt

DCM Nouvelle Limited Regd. Office: 407, Vikram Tower, 4 Rajendra Place, New Delhi• 110008 CIN: L17309DL2016PLC307204 E-mail: [email protected] Tel: 011-45013348

Standalone statement of profit and loss for the quarter :md financial year ended 31 March 2024

({ in lakhs except as stated otherwise)

S. No. Particulars Quarter ended
31 March 2024
(Refer note 1 ) Quarter ended
31 December 2023 Quarter ended
31 March 2023
(Refer note 1 ) Year ended
31 March 2024 Year ended
31 March 2023

(Unaudited) (Unaudited) (Unaudited) (Audited) (Audited)

Income:

I. Revenue from opcratiom 26,432 26,686 23,658 l,OS,088 86,441

II. Other income 216 192 293 806 592

111. Total income (I + ID 26,648 26,878 23,951 1,08,894 87,033

II' Expenses

Cost of mo\ tcrials consumed 20,011 19,920 20,995 83,207 70,628

Changes in im•cntorics of futishcd goods and work-in-progress (235) 1,352 (2,7<,2) 2,261 (1,848)

Employee benefits expense 1,432 1,483 1,432 5,890 5,080

Finance costs 722 607 323 2,5 11 616

Depreciation expense 575 576 464 2,275 999

Other expenses 3,315 3,054 2,808 12,551 9,180

Total exoenses (IV) 25,820 26,992 23,260 1,08,695 84,655

\' Profil / (Loss) before exceptional items and tax (III-IV) 828 (114 691 199 2,378

VI Exceptional items 294 294

VII Profit / ( Loss ) before tax ( V-VI) 828 (114) 397 199 2,084

VIII Tax expense:

-Current ttx 30 (90) 30 82

-Deferred tax 205 (16) 286 76 575

Total tax cxoense 235 (16) 196 106 657

IX Profit/(Loss) for the period/year 593 (98) 201 93 1,427

X Other comprehensive income

Items that will not be reclassified to profit oc loss

Rc-mea!iurcmcnt gain/( loss) of defined benefit obligations (39) 10 12 (9) 18

Income tax rela ting to remeasurement of defined benefit oblijr,ltionl- (10) 3 4 (2) 5

XI Other comprehensive income, nel of tax (29) 7 8 /7l 13

:rn Total comprehensive income for the period/year {comprising
profit/ (lou) and other comprehensive income for the period/year} 564 (91) 209 86 1,440

XIII Paid up equitv share caoital (face value oft 10 oer share) 1,868 1,868 1,868 1,868 1,868

XI\' Other equity 30,325 30,239

xv Eamings/(Loss) per share
Basic and diluted (~) (not 11nn11t1U'srd)
J.17 (11011mnn11/is.-d)
(0.52) (no/ llllllllllfisrrl)
1.08 (1mmmlistd)
0.50 (11nnnt1fiwO
7.64

~ 1. In tcmts of RL·gulation 33 of the SEDl(Li:Hing Obligation:, and Oi.i;dosurc Requirements) 2015, this statcmL·nt of Audited Financial Results of the Company havt' been rcl-·icwt'd by the .-\udit Committee and approved by the Board of Directors at their respective meetings held on 28 i\for 2024. Figures for the quarters cmk<l 31 March 2024 and 31 March 2023 represents the baL,ncing fibturcs between audited figures for the full financial rcar and published year to date.: fi&'1.lres upto the third quarter of the )'car ended 31 March 202...i and 31 March 2023 respectively. which h.we been subject to limited review.

The abo,•e results havl" been prL·pared in accordance with rhe n·cognition anJ measurement principles of thl" ,,ccounting principles generally accepted in India, including the Indian .\ ccounting Standards prL·scribcd under Section 133 of rhe Companies Ac r, 2013 n-ad with relevant rule:, 1s~uL·tcd in India and in compliann· with Regulation 33 of the SEBI (Listing Obligation :md Disclosure Requirement:-) Rt.:f,'l.llations, 2015 (a s amended).

The Company1 s bui-inesi- folh with.in a single opernti.ng bui-i.ne.ss segment in teems of the Indi.-m Accounti.ng Standards l 08 • Operating Scgnu:nts and hence, no additional disclosures IL1,..-e been furni.i;hcd.

Exceptional items

in lakhs exec t as stated otherwise

Quarter ended Ycac ended

Particula.rs 31 March 202i 31 December 2023 31 March 202i 31 March 2023

Loss on sale of immovable ro erties 294

During the )'(:at ended 31 i\lacch 2023 the Company has sold/ agreed to sail- Ct!ct,ti.t1 immovable propertii:i- rci;ulti.t1g in loss of t 29...i .08 lakhs

Subi;t-quent the )'l'ar end, on 13 May 202...i, fire occurred at one of our cotton \11n·.houses al Hi~ar plant n·suhm~ m rhc damage to the inventory. The financial statements for the year ended 31 i\forch 2024 do not reflect the impact of this e"ent as it occurn:d after the reporting period. The Company is in process of assessing the complete extent of the damage and the associated monetary impact. Managc..-mcnt has insurance coverage against such loss though the exact amount of the recovery 1s currently undetermined.

ll1e impact of the fuc in opcrntions is not expected to h:wc any material hcanng on the production facility of the company. and the operations at the plant arc not affected. i\lanagcment has started steps to ensure business continuity and is working clo:icly with in!iurancc providers to process claims.

The fi&'\Jres for the corresponding previous quarter/ period/ year have been n·groupcd/rcdassificd/rccastcd, wht·rc,·cr necessary, which arc not material.

For and on beha f che Board of Directors DCMN~

~/27 Hemant Bharat Ram

~lan::i.ging Director DIN: 00150933

Place: New Delhi Date: 28 May 2024

SIGNED FOR IDENTIFICATION PURPO S~S

DCM Nouvelle Limited Regd. Office: 407, VikrantTower, 4 Rajendra Place, New Delhi - 110008 CIN: L17309DL2016PLC307204 E-mail: [email protected] Tel: 011-45013348

Standalone statement of assets and liabilities as at 31 March 2024

(f in lakhs except as stated otherwise)

Particulars As at
31 March 2024 As at
31 March 2023

(Audited) (Audited)

ASSETS

Non-current assets

Property, plant and equipment 24,785 26,307

Capital work-in-progress 10 178

Financial assets

(i) Investments 5,1 49 2,064

(ii) Other financial assets 2,894 -

Non-current tax assets (net) 427 476

Other non-current assets 1,878 2,042

Total non-current assets 35,143 31,067

Current assets

Inventories 26,1 56 22,806

Financial assets

Trade receivables
(i) 11,458 5,901

(ii) Cash and cash equivalents 73 91

(iii) Loans 41 48

(iv) Other financial assets 532 331

Other current assets 2,004 1,773

40,264 30,950

Assets held for sale - 1,892

Total current assets 40,264 32,842

Total assets 75,407 63,909

EQUITY AND LIABILITIES

Equity

Equity share capital 1,868 1,868

Other equity 30,325
32,193 30,239
32,107

Total equity

Liabilities

Non-current liabilities

Financial liabilities

(i) Borrowings 8,252 9,753

(ii) Other financial liabilities 14 14

Provisions 439 405

Deferred tax liabilities (net) 571 497

Total non- current liabilities 9,276 10,669

Current liabilities

Financial liabilities

(i) Borrowings 28,840 16,653

(ii) Trade payables

(a) Total outstanding dues of micro enterprises and small enterprises; and 1,177 230

(b) Total outstanding dues of creditors other than micro enterprises and small enterprises 1,1 99 1,627

(iii) Other financial liabilities 920 1,062

Other current liabilities
Contract liabilities 239
343 213
155

Provisions 1,220 1,1 93

Total current liabilities 33,938 21,133

Total equity and liabilities 75,407 63,909

DCM Nouvelle Limited Standalone statement of Cash flow for the year ended 31 March 2024

(fin lakhs except as stated otherwise)

S.No. Particulars For the year ended
31 March 2024 For the year ended
31 March 2023

(Audited (Audited

A. Cash flows from operating activities

Net profit before tax 199 2,084

Adjustments for :

Depreciation expense 2,275 999

Profit on sale of property, plant and equipment (net) (6) (9)

Loss on sale of immovable property 57

Provision against loss on immovable properties - 237

Unrealised foreign exchange gain 0 (55)

Interest income including interest subsidy (206) (73)

Miscellaneous balances written back (11) (128)

Provision a1,,ainst TUF subsidy 2 2

Provision against doubtful advances 73

Interest expense 2,511 616

Operating profit before working capital changes 4,837 3,730

Net change in

Inventories (3,350) (764)

Trade rcaceivables (5,517) 2,350

Loans 8 (16)

Other financial assets (257) 986

Other assets (76) (1,691)

Trade payable 530 851

Provisions 51 (87)

Financial liabilities 67 (62)

Other liabilities
Cash generated/ (used) in operations 21 5
(3,492) 195
5,492

Income-taxes paid (net of refunds) - (435)

Net cash flows j!'enerated/ (used) from operatinl!' activities (A) (3,492) 5,057

B. Cash flows from investing activities

Purchase of property, plant and equipment (including capital work-in-progress, capital adrnncc and 1,125 (13,870)

capital creditors)

Proceeds from sale of property, plant and equipment 13 156

Investment in subsidiary (3,085) (2,057)

Loan to subsidiary (2,894) -

Interest recein:d 182 68

Fixed deposits (made)/ matured during the year• (0) 144

Net cash flows (used in) investing activities (B) (4,659) (15,559)

C. Cash flows from financing activities

Repayment of long-term borrowings (796) (25)

Proceeds from long-term borrowings - 7,703

Proceeds from short-term borrowings (net) 11 ,440 3,131

Finance charges paid (2,511) (632)

Net cash flows generated from financing activities (C) 8,133 10,177

D. Net decrease in cash and cash equivalents during the year (A+B+C) (18) (325)

E. Cash and cash equivalents at the beginning of the year 91 416

F. Cash and cash equivalents at the end of the year 73 91

G.
1. Components of cash and cash equivalents
Balances with banks:

Cash and cash equivalents as at the end of the year 73 91

u. Cash on hand 3 7

- Cash credit accounts 47 28

- Current accounts 23 56

•ro1111ded o/lto nil

Note:

The above cash flow statement has been prepared under the 'indirect method' as set out in Ind AS 7. •~tatement of cash flo"'s'.

May 28, 2024

Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G

Scrip Code: 542729 Symbol: DCMNVL

BSE Limited, National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G Dalal Street Bandra Kurla Complex, Bandra East Mumbai-400 001 Mumbai, Maharashtra – 400 051

Dear Sir/ Madam,

Sub: Declaration in terms of regulation 33(3)(d) of SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015

In terms of second proviso to regulation 33(3)(d) of SEBI (Listing Obligation & Disclosure Requirements) Regulations. 2015, we confirm that the M/s. Walker Chandiok & Co LLP Chartered Accountants, Statutory Auditor have given an Unmodified Opinion on the standalone and consolidated Audited Financial Results of the Company for the financial year ended March 31, 2024.

Thanking you,

For DCM Nouvelle Limited

Sandeep Kumar Jain

Digitally signed by Sandeep Kumar Jain Date: 2024.05.28 18:05:22 +05'30'

Sandeep Kumar Jain Chief Financial officer

Place: New Delhi

AI assistant

DCM NOUVELLE LIMITED Regulatory Filings 2024

59414_rns_2024-05-28_0c68378f-90f6-46b9-bf64-e33eb26b401b.pdf

Sub: Disclosure under Regulation 30 and other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'): Outcome of the Board meeting