Delton Cables Ltd. — Annual Report 2021

Jun 9, 2021

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To, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001

Date: 09[th] June, 2021

BSE Scrip Code: 504240

Sub: Outcome of Board Meeting of M/s Delton Cables Limited

Dear Sir/Madam,

This is to inform you that in just concluded meeting of Board of Directors of M/s Delton Cables Limited held on 09[th] June, 2021 through video conferencing, the Board discuss and approve:

1. the audited financial results for the quarter and year ended on 31[st] March, 2021.

2. the appointment of Ms. Malavika Bansal, Practicing Company Secretary (COP: 9159) as a Secretarial Auditor of the Company for the Financial Year 2021-22 and disclosure of information pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with circular No. CIR/CFD/ CMD/4/2015 dated 9th September, 2015 are attached as Annexure-A.

Pursuant to applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the audited financial results for the quarter and year ended on 31.03.2021 along with Auditors’ Report are duly enclosed.

The report of the Statutory Auditors is with unmodified opinion with respect to Audited Financial Results for the quarter/year ended on 31st March, 2021. A declaration to this effect is also enclosed.

Further we hereby also confirm that the Company does not fall under the Large Corporate ('LC') category as per SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018.

Thanking you, Yours faithfully

For Delton Cables Limited

VIVEK Digitally signed by VIVEK GUPTA GUPTA Date: 2021.06.09 19:31:39 +05'30' Vivek Gupta Managing Director DIN: 00035916 Encl.; As above

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DECLARATION

In terms of Regulation 33(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended vide SEBI circular no. CIR/CFD/CNID/5612016 dated May 27, 2016, we hereby declare that M/s Bansal and Co. LLP Chartered Accountants, the Statutory Auditors of the Company have issued an Audit Report with unmodified opinion on the Audited Financial Results for the Financial Year ended on 31st March, 2021.

For Delton Cables Limited

VIVEK Digitally signed by VIVEK GUPTA GUPTA Date: 2021.06.09 19:32:02 +05'30' Vivek Gupta Managing Director DIN: 00035916

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			**Annexure-A **
S. No.	Particulars	Brief details
1	Reason for change	Appointment
2	Date of appointment/cessation and Term of appointment	09.06.2021 Ms. Malavika Bansal, Practicing Company Secretary is appointed as Secretarial Auditor of the Company for the financialyear 2021-22.
3	Brief profile	Ms. Malavika Bansal, (FCS) is a Fellow Member of The Institute of Company Secretaries of India (ICSI). She is having a good working experience of more than 12 years and proficiency in all matters related to company law, SEBI and various other business laws and have command over compliance management with respect to statutory reporting and other statutory requirements.
4	Disclosure of relationships between directors (in case of appointment of a director).	N.A.

HEAD OFFICE: A-6, Maharani Bagh New Delhi – 110 065 PH. : 011- 41626470-71 FAX : 011- 41328425 E-mail : info@bansalco.com

BANSAL & CO LLP CHARTERED ACCOUNTANTS

Independent Auditor’s Report on 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.

The Board of Directors Delton Cables Limited

1. We have audited the accompanying Statement of quarterly Standalone Financial Results (“the Statement”) of Delton Cables Limited (“the Company”) for the quarter ended March 31, 2021 and for the year ended March 31, 2021 (‘‘the Statement’’), being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI(Listing Obligations and Disclosure Requirements) Regulations,2015 (‘’the Regulation’’) read with SEBI Circular No. CIR/CFD/FAC/62/2016 dated July 5, 2016 (‘‘the Circular’’). The financial results for quarter ended March 31, 2021 and year ended March 31, 2021 have been prepared on the basis of the financial results for the nine-month period ended December 31, 2020, the audited annual Ind AS financial statements as at and for the year ended March 31, 2021, and the relevant requirements of Regulation and the Circular. This Statement is the responsibility of the Company’s Management and has been approved by the Board of Directors of the Company. Our responsibility is to express an opinion on these financial results based on our review of the financial results for the nine-month period ended December 31, 2020 which was prepared in accordance with the recognition and measurement principles laid clown in Indian Accounting Standard (Ind AS) 34 Interim Financial Reporting, specified under Section 133 of the Companies Act 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India; our audit of the annual Ind AS financial statements as at and for the year ended March 31, 2021; and the relevant requirements of the Regulation and the Circular.

2. We conducted our audit in accordance with the auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial results are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts disclosed as financial results. An audit also includes assessing the accounting principles used and significant estimates made by management. We believe that our audit provides a reasonable basis for our opinion.

3. In our opinion and to the best of our information and according to the explanations given to us, these quarterly standalone financial results as well as the year to date results:

4. i. are presented in accordance with the requirements of the Regulations read with the Circular, in this regard; and

ii. give a true and fair view of the net loss and other financial performance for the quarter ended March 31, 2021 and for the year ended March 31, 2021.

BRANCHES

Mumbai : Premises Nos.7&8,Ground Floor,Wing-A,Raghavji Building,15/17Raghavji Road,Gowalia Tank,Mumbai-400026,Mob: +91 9999668270 Bhopal: 114, ShreeTower, 2[nd] Floor, Zone-II, Bhopal (MP) Ph : 0755-4076725, 2769224, 2769225, Mob : + 91 9425393729 Dehradun : 1[st] Floor, C-4, Rich Look, NearLICBuilding, Haridwar Road, Dehradun, Uttarakhand, Mob: +91 9811151506

1. Further, read with paragraph 1 above, we report that the figures for the quarter ended March 31, 2021 represent the derived figures between the audited figures in respect of the financial year ended March 31, 2021 and the published year-to-date figures up to December 31, 2020, being the date of the end of the third quarter of the current financial year, which were subjected to a limited review as stated in paragraph 1 above, as required under the Regulation and the Circular.

For Bansal & Co LLP Chartered Accountants Firm RegistrationNo.001113N/N500079

SIDDHART Digitally signed by SIDDHARTH BANSAL H BANSAL Date: 2021.06.09 19:09:02 +05'30'

(Siddharth Bansal)

Partner Membership No. 581004 Place: New Delhi Date: 9[th] June, 2021 UDIN: 21518004AAAACS8347

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Delton Cables Limited

Regd.Office: Delton House 4801 Bharat Ram Road 24 Daryagunj New Delhi -110002 Statement of Audited Financial Results For The Quarter and Year Ended March 31, 2021

(Rs. in lakhs)

					(Rs. in lakhs)	(Rs. in lakhs)
Sr. no.	Particulars	Quarter Ended			Year Ended
		31-Mar-21	31-Dec-20	31-Mar-20	31-Mar-21	31-Mar-20
		(Audited)	(Unaudited)	(Audited)	(Audited)	(Audited)
1 2 3 4 5 6 7 8 9 10 11.i 11.ii	Income from Operations (a) Revenue from operations (b) Other Income Total income (a) + (b) Expenses (a) Cost of Materials consumed (b) Purchase of stock-in-trade (c) Changes in inventories of finished goods, work-in-progress and (d) Employee benefits expenses (e) Finance Costs (f) Depreciation and amortization expense (g) Other expenses Total Expenses Exceptional Items Tax expense - Current tax : MAT for the year - deferred tax (including MAT credit entitlements) - Income tax adjustment for earlier years Total Tax Expenses Other comprehensive income/ (loss) (Net of tax) (i) Items that will not be reclassified to profit and loss ( Remeasurement of defined benefit liability Total comprehensive income/ (loss) (7 + 8) Paid-up equity share capital (Face Value of Rs. 10 per share) Earnings Per Share (before extraordinary items) (of Rs. 10/- each) (not annualised): (a) Basic (b) Diluted Earnings Per Share (after extraordinary items) (of Rs. 10/- each) (not annualised): (a) Basic (b) Diluted Profit / (Loss) before tax from continuing operations before exceptional items (1 - 2) Profit / (Loss) before tax from continuing operations after exceptional items (3 - 4) Net Profit / (Loss) for the period from continuing operations after tax (5 6) (ii) Income tax relating to items that will not be reclassified to profit and loss	4,172.89 40.42 4,213.32 2,589.70 545.13 (36.17) 323.29 244.80 41.32 425.88 4,133.95 79.37 7.09 86.46 14.95 65.25 (1.51) 78.69 7.76 1.68 2.01 (0.33) 9.45 864.00 0.09 0.09 0.09 0.09 -			12,316.30 154.11 12,470.41 8,980.01 703.80 (807.51) 1,240.07 827.31 164.61 1,239.21 12,347.49 122.92 7.09 130.01 22.56 46.63 (1.51) 67.68 62.32 (9.32) (13.49) 4.17 53.00 864.00 0.72 0.72 0.72 0.72	12,573.68 287.41 12,861.09 10,285.95 272.37 (2,107.63) 1,366.35 774.75 129.56 1,550.39 12,271.75 589.34 (29.02) 560.32 92.46 (88.89) (31.92) (28.36) 588.67 (37.05) (52.27) 15.22 551.63 864.00 6.81 6.81 6.81 6.81
			2,605.30 48.14 2,653.44 2,464.42 64.18 (589.26) 270.71 192.17 36.22 300.55 2,738.99 (85.55) - (85.55) (14.95) 11.37 - (3.58) (81.97) 7.55 10.63 (3.09) (74.43) 864.00 (0.95) (0.95) (0.95) (0.95)	2,946.19 190.83 3,137.02 2,566.52 96.56 (728.79) 405.66 162.37 37.29 382.79 2,922.40 214.62 1.16 215.78 18.21 6.19 24.86 49.26 166.52 (30.54) (43.08) 12.54 135.98 864.00 1.93 1.93 1.93 1.93

Notes:

1 The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on June 09, 2021. The Statutory Auditors of the Company have carried out audit for the year ended March 31, 2021 and have expressed an unmodified audit opinion.

2 The above results have been prepared in accordance with principle and procedures of indian Accounting Standards(Ind AS) as notified under the companies (Indian Accounting Standards) Rules, 2015 as specified under section 133 of Companies Act, 2013.

3 The Company's business activities do not qualify as a reportable segment in context of Indian Accounting Standard-108 "Operating Segment" under Companies (Indian Accounting standards) Rules,2015.

4 The figures for the quarter ended 31st March2021 are the balancing figures between audited figures in respect of the full financial years ended 31st March and the published unaudited year to date figures up to 31st December 2020 being the end of the third quarter of the respective financial year, which were subjected to limited review

• 5 The figures have been re-grouped/ rearranged wherever required for the purpose of comparison.

Place: New Delhi

Date: June 09, 2021

By Order of the Board of Directors For Delton Cables Limited VIVEK GUPTA Digitally signed by VIVEK GUPTA Date: 2021.06.09 18:15:44 +05'30' Vivek Gupta (Managing Director) DIN: 00035916

SIDDHARTH Digitally signed by SIDDHARTH BANSAL BANSAL Date: 2021.06.09 19:22:28 +05'30'

Regd.Office: Delton House 4801 Bharat Ram Road 24 Daryagunj New Delhi -110002 Statement of Assets and Liabilities

Statement of Assets and Liabilities
		(Rs in lacs)
Particulars	As at 31 March 2021 Audited	As at 31 March 2020 Audited
(e) Deferred Tax Assets including MAT entitlement (Net) TOTAL TOTAL (d)Current Tax Liabilities (Net) Total current liabilities (ii) Trade payables - Total outstanding dues of micro enterprises and small enterprises - Total outstanding dues of creditors other than micro enterprises and small enterprises (iii) Other financial liabilities (b)Provisions (c) Other Current Liabilities (ii) Other financial liabilities (b) Provisions Total non-current liabilities (4) Current liabilities (a) Financial Liabilities (i) Borrowings (a) Equity Share capital (b) Other Equity Total equity (2) Non-current liabilities (a) Financial Liabilities (i) Borrowings (v) Other Financial Assets (c) Current Tax Assets (Net) (d) Other current assets Total Current assets II. EQUITY AND LIABILITIES (1) Equity (a) Inventories (b) Financial Assets (i) Trade receivables (i) Cash and cash equivalents (iii) Other Bank Balance (iv) Loans (i) Investments (ii) Loans (iii) Other Financial Assets (f) Other non-current assets Total non-current assets (2) Current assets I. ASSETS (1) Non-current assets (a) Property, Plant and Equipment (b) Investment Property (c) Intangible Assets (d) Financial Assets	1,108.43 - 7.89 0.33 90.03 56.82 2,100.45 13.51	1,022.14 - 12.96 0.33 73.16 36.45 2,142.92 4.07
	3,377.45	3,292.03
	6,297.75 3,348.13 171.72 446.22 2.74 101.69 - 572.32	5,669.32 2,593.57 526.40 540.62 2.74 284.42 2.88 636.64
	10,940.57	10,256.59
	14,318.02	13,548.62
	864.00 4,650.88	864.00 4,597.88
	5,514.88	5,461.88
	698.78 5.00 119.49	573.76 5.00 101.92
	823.28	680.68
	5,293.48 198.78 1,953.83 284.00 158.38 73.87 17.53	4,048.55 90.32 2,315.02 91.12 150.27 710.78 -
	7,979.87	7,406.06
	14,318.02	13,548.62

VIVEK GUPTA

Digitally signed by VIVEK GUPTA Date: 2021.06.09 18:16:18 +05'30'

SIDDHART Digitally signed by SIDDHARTH BANSAL H BANSAL Date: 2021.06.09 19:23:17 +05'30'

Statement of cash flows for the year ended March 31, 2021

Statement of cash flows for theyear ended March 31, 2021
Particulars Notes	Year ended March 31, 2021 Year ended March 31, 2020
	(Rs. in lakhs) (Rs. in lakhs)
Cash flow from operating activities Profit before tax Adjustments for: Depreciation and amortisation expenses 31 Loss/(Profit) on disposal of property, plant and equipment 33 Provision for doubtful debts and advances (net) 11 Foreign exchange loss/(gain) on translation Inventory Write down 33 (Profit) on sale of land & building including enhanced compensation 33 Interest income classified as investing cash flows 25 Finance costs 30 Decrease/(increase) in trade receivables 11 (Decrease)/increase in trade payables 21 Decrease/(Increase) in loan financial assets 6 Decrease/(Increase) in other financial assets 7 (Increase) / decrease in other non - current assets 9 (Increase) / decrease in inventories 10 (Increase) / decrease in other current assets 15 Increase / (decrease) in provisions 19 Increase / (decrease) in other financial liabilities 22 Increase /(decrease)in other current liabilities 20 Changes in operating assets and liabilities	130.00 560.30 164.61 129.56 (7.09) 37.18 7.00 13.01 11.93 2.51 - 482.03 - (490.19) (51.89) (114.57) 827.31 774.75 (761.56) 553.93 (264.65) 39.86 (16.87) (2.12) 162.36 (102.84) (9.44) (0.04) (628.43) (2,528.35) 64.34 (261.97) 12.19 (6.25) 192.85 24.04 (688.45) (215.66)
Cashgenerated from operations	(855.81) (1,104.82)
Income taxpaid	(0.63) (351.01)
Net cash inflow /(outflow) from operating activities	(856.44) (1,455.83)
Cash flows from investing activities Payment for acquisition of property, plant and equipment 3 Payment for acquisition of intangible assets 4 Proceeds from sale of property, plant and equipment 3 (Investment) / Encashment of fixed deposits 13 Interest income 25	(256.59) (605.71) (0.66) (12.57) 18.52 490.19 94.40 3,428.41 51.89 114.57
Net cash inflow from investing activities	(92.42) 3,414.90
Cash flows from financing activities Proceeds/(Repayment) of long term borrowings 18 Proceeds/(Repayment) of short term borrowings 18 (Payment) of lease liability Interest and other borrowingcostspaid 30	125.03 (110.30) 1,244.93 (458.29) 51.54 (46.52) (827.31) (774.75)
Net cash (outflow) from financing activities	594.18 (1,389.86)
Net increase / (decrease) in cash and cash equivalents Cash and cash equivalents at the beginningof the financialyear 12	(354.68) 569.21 526.40 (42.81)
Cash and cash equivalents at the end of the year	171.72 526.40
Reconciliation of cash and cash equivalents as per the cash flow statement Cash and cash equivalents asper above comprise of the following
Cash on hand Balances with banks Deposits with maturity of less than three months Cash and cash equivalents 12	17.99 37.92 25.52 43.65 128.21 444.84
	171.72 526.40
	171.72 526.40

SIDDHARTH Digitally signed by SIDDHARTH BANSAL BANSAL Date: 2021.06.09 19:23:41 +05'30'

VIVEK Digitally signed by VIVEK GUPTA GUPTA Date: 2021.06.09 18:17:35 +05'30'