Devinsu Trading Ltd. — Interim / Quarterly Report 2023

Nov 8, 2023

DEVINSU TRADING LIMITED

82, Maker Chambers I, Nariman Point, Mumbai 400 021 Tel No. 022-2204 2554/22047164; Website : www.devinsutrading.com

08" November 2023

To, The Manager-Listing Compliances BSE Limited, Mumbai

Sub : Outcome of the Board Meeting; Unaudited Financial Results & Limited Review Report for the quarter and half year ended 30" September 2023 Re : Scrip Code 512445

This is to inform you that the Board of Directors at [ts meeting heid today, ie. on Wednesday, 08™ November 2023, inter alia, approved and taken on recard the following :

• 1) Unaudited financial results of the Company for the quarter and half year ended 30" September 2023.
• 2) Limited Review Report for the quarter and half year ended 30" September 2023.
• 3) Related Party Transaction Statement for the haif year ended 30" September2023.
• 4) Based on the recommendation of Nomination and Remuneration Committee of the Company, eppointment of Ms. Disha Rajkumar Jain {DIN 07716625} as an additional director in the capadity of Independent Director with immediate effect for a periad of five years subject to the approval of the shareholders in the ensuing general meeting. Brief details are enclosed herewith as Annexure-1.

Extract of the unaudited financial results for the quarter and half year ended 30™ September 2023 as given for publication in the newspapers, 'The Free Press Joumnal' and 'Navshakti' is also enclosed.

The meeting of the Board of Directors commenced 16.15 hrs. IST and ended on 17.20 hrs. IST.

Kindly acknowledge receipt.

Thanking you,

Yours faithfully .. . For Devinsu Trading Limitéd Pl

Rajan Sawant % - E Whole Time Director (DIN 08562840)

Encl: afa

82, Maker Ghambers HllNariman Point, Mumbai400021

'Website: v devinsutrading.com, Emailfor investors:devinsuitrading @grmail.com CIN : L51900MH 1 985PLC036383

STATEMENT OF UNAUITED FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED 30 SEPTEMBER, 2023

	[Rs. in Lacs except per share data)
	Quarter Ended 30.09.2023 (Unaudited)	Quarter Ended 30.06.2023 (Unaudited)	Quarter Ended 30.09.2022 (Unaudited)	Six Month Ended 30 49 2023 (Unaudited)	Six Month Ended 30.09.2022 (Unaudited)	Year Ended 31.03.2023 (Audited)
1. (a) Net Sales/Income from Operations
(b) Other Income	1546	23.40	16.58	38.86	15.62	50.79
Total Incone	15.46	23.40	16.58	38.86	15.62	50.79
2. Expenditure
a. Employees cost	5.37	4.62	3.95	9.99	8.16	21.55
b. Depreciation
c. Listing Fees	1.03	0.89	0.88	1.92	1.77	3.54
d. Loss on Fair Valuation of Financial assets through Profit & Loss
e. Other expenditure	0.19	0.49	0.43	0.68	0.75	2.41
Total Expenses	6.60	6.00	5.26	12.50	10.68	27.50
3. Profit before Exceptional items and tax (1-2)	8.36	17.40	11.32	26,26	4.94	23.29
4. Exceptional items
5. Profit (+) Loss (-) before tax (3-4)	8.86	17.40	11.32	26.26	4.94	23.29
6. Tax expense
(a) Current Tax
(b) Deferred Tax	3.42	$-4.38$	3.18	$-0.96$	$-5.03$	2.67
7. Net Profit (+)/ Loss (-) for the period year (5-6)	5.44	21.78	8.14	27.22	9.97	20.62
8. Other Comprehensive Income (OCI)
(a) Item that will not be classified to profit & loss
(i) Equity Instruments through other Comprehensive Income (FVOCI)	33.66	45.71	$-12.53$	79.37	$-14.95$	7.16
(ii) income lax effect on above	$-3.85$	$-5.23$	1.43	$-9.08$	1.71	$-0.82$
(o) items that will be reglassified to profit& Loss
Total Other Comprehensive Income	29.81	40.48	$-11.10$	70.29	$-13.24$	6.34
9. Total Comprehensive income (after Tax) (7+8)	35.24	62.26	$-2.96$	97.51	$-3.27$	26.96
10. Paid-up equity share capital of Face Value ` 10/- each	50.00	50.00	50.00	50.00	50.00	50.00
11. Other Equity excluding revauation reserve						1,257.11
12. Earnings Per Share (in Re) (Face Yalue of Rs 10- cach) (Basis & Diluted) ("Not Annualised)	1.09	4.36	163	5.44	2.00	4.12

NOTE

1) The abuve results were reviewed by the Audit Gommittee, &nd taken on record by the Board at fis meeting heit on 8" November, 2023. Tne Statutory Auditor hes carried out Umited| Review of e above results in ferms of Regulztion 35 of SEB| (.isting Obligations and Disclosure Requrements) Reutations, 20°5.

2) The Conpany operates in singke bisiness segrent and hence, the information pursuart to IND AS-108 is not apiicable. 3) The Figures for the coresponding periods have been restatet, regrouped wherever necessary, to make them conparable.

Place : Mumbat Dato :- 8% November, 2023

DEVINSU TRADING LIMITED

82, Maker Chambers Hl|,Nariman Point, Mumbai 400021

Wetbsite: www.devinsutrading.com, Email for investors:devinsutrading@gmail.com

CIN : L51900MH1985PLC036383

BALANCE SHEET AS AT 30TH SEPTEMBER , 2023
( Rs. in Lakh)
Particulars	Asat 30.09.2023 {Unaudited)	As at 31.03.2023 {Audited)
ASSETS I.
Non-currentassets 1
Property, plant and equipment (a) Financial assets (b}	0.09	0.09
Investments ()	452.94	373.57
(iii) Others Non-current tax assets (net)	0.18 3.96	0.18 3.9¢
(f) Total Non-Current assets	45717	377.80
Current assets 2
Financial assets (a)
Investments ()	1,023.94	999.67
Cashand Cash Equivalents (i)	0.27	0.28
(ii) Others Other current assets	142 231	142
{c) Total Current assets	1,027.94	0.6¢ 1,001.94
TOTAL ASSETS	= 1,485.11	1,379.73
_[EQUITY AND LIABILITIES Il.
Equity
(a) Share capital	£0.00	50.00
(b) Other equity	1,354.60	1,257.11
Liabilities	1,404.60	1,307.11
Non-currentiiabilities 1
Deferred tax fiabiliies (net) (a)	76.59	68.47
	76.59	68.47
Current liabilities 2 Financial liabilities (a)
Trade payables (i)
Total Outstanding dues of Micrc and Small Enterprises &)
Others k) (b) Other current liabiities	236 014	2.69 0.41
Provisions (c)	1.41	1.08
	3.92	4.16
TOTAL EQUITY AND LIABILITIES	1,485.11	1,379.74

Rajan Sawant T Date - 8*" November, 2023 Wholetime Director /i -

Place:- Mumbai {DIN-08562840)

	DEVINSU TRADING LIMITED
82, Maker Chambers il,Nariman Point, Mumbai 400021
Website: www.devinsutrading.com, Email for investors:devinsutrading@gmail.com
CASH FLOW STAEMENT FOR THE SIX MONTHS ENDED 30th SEPTEMBER, 2023	CIN : L51900MH1985PLC036383
				(Rs In Lakh),
	For the Six months ended 30th For the Six months ended 30th
	Sept 2023		Sept 2022
o	{Unautited)		(Unaudited)
[A) CASH FLOW FROM OPERATING ACTIVITIES
Net profit/(loss) before Exceptional Items and tax as per		26.25		494
profit and Loss account Adjusted for:
Dividerd	-		0.88)
Fair value changes (net) o financial assets	(0.23)		(0.55)
Loss/(Profit) on Sale of Investment	(38.62)	(38.85)	(14.19)	(15.62)!
Operating Profit before Working Capital Changes		(12.60)		(10.68)
Adjusted for: Trade & Other Receivables	1.72)
Trade and Other Payables	0.24)	(1.96)	[¢%i)) 1.16	(0.61)
Cash generated from operations		(14.56)		(11.29)
Direct taxes paid (Net)		-		.04
Net Cash From Operating Activities		(14.56)		(11.33)
[B) CASH FLOW FROM INVESTING ACTIVITIES
Purchase of Investment Sale of investment		(0.32)		(0.80)
		14.90		12.55
Dividerd Received		-		0.89
Net Cash Flow used in Investing Activities		14.58		4
C) CASH FLOW FROM FINANCING ACTIVITIES
Net Cash Flow from Financing Activities	l	-		-
Net Increase/(Decreasc) in Cash and Cash Equivalents		0.02		1.31
Openizg Balance of Cash and Cash Equivalents	'	025		9.61
Closing balance of Cash and Cash Equivalents		0.27		1,92
	'
		For and on beh:		of Directors.
Date :- 8" November, 2023		Rajan Sawant Wholetime Directer-

(DIN-08562840)

|Piace:- Mumbai

SVP & ASSOCIATES CHARTERED ACCOUNTANTS

B-601, SERENITY, RAHEJAREFLECTIONS, THAKUR VILLAGE, KANDIVALK{EAST), MUMBA{-400101 Mobile: 09820047387 E-Mail : yksinghanig@gmait.com

LIMITED REVIEW REPORT

Review Report to Board of Directors

• 1. We have reviewed the accompanying statement of unaudited financial results of Devinsu Trading Limited ("the Company"') for the quarter and hal' year ended 30™ September, 2023 ('the statement") attached herewith, being submited by the Company pursuant to the requirements of Reguiation 33 of The SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. This statement is the responsibility of the Company's Management and has been approved by the Board of Directors. Our resporsibility is to issue a report on these results based on our review.
• 1. We conducted our review of the statement in actordance with the Standard on Review Engagemenit (SRE). 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued hy the Institute of Charterad Accountants of india. This Standard requires that we plan and perform the review to obtain moderate assurance asto whether the financial statemerts are free of material misstatement. A review is limited primarily to inquiries of company persennel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not perfornied an audit and accordingly, we do not express an audit cpinion.
• 1. Based on our review, condticted as above, nothing has ceme to our attention that causes us to believe that the accompanying statemert of unaudited financial results prepared inaccordance withapplicable indian accounting standards (IND AS) and other recognized accounting practices and policies, has not disclosed the information reguired to be disciosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Reguirements) Regulations, 2015, as amended including the manner in which it is to be disclosed, of that it contains any material misstatement.

Mumbai 8" November, 2023

For SVP & Associates Chartered Accountants

Firm Registration No. 003838N fo bty

Yogesh Kumar Singhania Partner Membership No. 111473 UDIN : 2311 14733 BG Y HZFLEL

DEVINSU TRADING LIMITED
82, Maker Chambers I, 215, Nariman Point, Mumbai 400021
2554 Tel. No. : 022- 2204 / 2204 7164 Fax No. : 022 - 2204 1643
CIN : L51900MH1985PLC036383
STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND HALF YEARLY ENDED 30TH SEPTEMBER, 2023
Particulars	Quarter Endad 10.00.2023	Half Year Ended 30.00.2023	Rs. In Lzkhs ) Quarter Ended 30.09.2022
[Total Income fom Operatons.	-	-	-
Net Profit / (loss) for the period (before tax, Exceptional and/or Extracrdinary items)	8.86	26.26	11.32
Net Profit / (loss) for the period before tax (atter Excepficnal andfer Extraordinary items)	8.86	6.26	1132
Net Profit / (less) for the period after tax (after Excepticnal and/or Extraordinary items)	5.44	i7.22	B8.14
Tolal Comprehensive Income for the period [Comprising Profit/loss) for the period (afier tax) and
lother Comprshensive Income (after tax)1	324	751	-2.96
Equity Share Gapital	50.00	50.00	50.00
Eamings Per Share (of Rs. 10/- each) {For continuing and discontinued operations)-
Basic and Diluted	1.09	5.44	163
Other Equity excluding Revaluation Reserve	B	N	N
INOTE :
1) The aboveis an extract of the delailed formet of Quarterly ended 30.09.2023 Financial Results filed with the Stock Exchange under Regulation 33 of the SEBI (Listing Obfigations and Disclosure Requirements) Reguation, 2015 read with SEBI circular dated 5th July, 2016. The full format of the Quarterly/ Year ended Firancial Results is available on the Stock Exchange wetsite: BSE Limited (ww.bseindia com).
5) The above were reviewed by the Audit Commifiee and approved by the Board of Diredtors at their rspecive meetings held on 8th September 2023.
			For and on behalf of:the. Bozrd of Directors.

Date :- 8th November, 2023 'Wholetime Direct:

(DIN08562840)

Devinsu Trading Limited

Related Party Disclosures

(Rs. In Lakh)

Transactions with related parties during half year ended 30TH September, 2023.

		30.09.2023	Half Year Endec Half Year Ended 30.09.2022
Key Management personnel :
	Remuneration paid to : executive director
	Mr.Rajan Sawant Company Secretary	3.69		3.84
	Ms.Ritu Pareek CFO	132		132
	Mr. Nitin Parab	4.73		1.39
		9.74		6.55

Termsand conditions of transactions with related parties

All related Party Transactions entered during the period were in ordinary course of the business and on arm's length basis.

DEVINSU TRADING LIMITED

82, Maker Chambers IHi, Nariman Point, Mumbai 400 021 Tel No. 022-2204 2554/22047164; Website : www.devinsutrading.com CIN: L51900MH1955PL6036383, E-mail: devmsutradlng@gmall com

Det under Regulation 30 of the SEBI Regulations, 2015 read with SEBI Circular CIR/CFD/CMD/4/2015 dated September 9, 2015 A) Appointment of Independent Director

Sr. No.	Particulars	Details
1.	Mame the of	Independent Ms. Disha Rajkumar Jain
	Director
1.	Reason changes for	viz, Appointment
	appointment, resignation,
	removal death or otherwise
2.	Date of	Appointment 08" November 2023. Appointed as Additional Director
	[Cessation applicable) {as	& inthe capacity of Independent Director for a tenure of
	term of appointment	5 years subject to shareholders approval.
3.	case Brief Profile ({in	of Ms. Disha Rajkumar Jain is a lawyer by profession and
	appointment)	has experience of more than 4 years in the field of
		legal consulting.
4.	Disclosure Relationship { NIL of
	between Directors (In case of
	appointment of Director)

Rajan Sawant *

Whole Time Dlrecfor (DIN 08562840)