Disa India Ltd. — Interim / Quarterly Report 2022

Aug 12, 2021

Ref: DI L/SEC/2021-22/21 Date: August 12, 2021

Norican Group Shaping Industry

The Listing Manager BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400 001.

Telephone no: +91 22 2272 1233/1234 Fax no: +91 22 2272 1919

BSE Scrip Code: 500068 Name of the Company: Disa India limited

Dear Sir,

Subject: Outcome of Board Meeting held on August 12, 2021

Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, this is to inform you that, the Board of Directors of the Company at its Meeting held on August 12, 2021, has amongst other matters transacted the following business:

• (1) Approved the 'Unaudited Standalone and Consolidated Financial Results' of the Company for the quarter ended June 30, 2021.

In this regard, please find enclosed the following:

• ( 1) 'Unaudited Standalone Financial Results' and 'Unaudited Consolidated Financial Results' of the Company for the quarter ended June 30, 2021.

• (2) 'Limited Review Reports' on the 'Unaudited Standalone Financial Results' and 'Unaudited Consolidated Financial Results' for the quarter ended June 30, 2021 issued by Messrs Deloitte Haskins & Sells, Chartered Accountants, Statutory Auditors of the Company.

The Meeting commenced at 2:45 pm and concluded at 4:45 pm.

Kindly treat this as compliance with SEBI (LODR) Regulations, 2015.

Thanking you,

Yours sincerely, Fo�dia Limited,

G. Prasanna Bairy

Company Secretary & Compliance Officer

Encl: As above.

DISA India Limited

Registered & Corporate Office, 6[th ] Floor, S-604, World Trade Center (WTC}, Brigade Gateway Campus, 26/1, Dr Rajkumar Road, Malleswaram-Rajajinagar, Bangalore-560 055, Kamataka, India T +91 BO 2249 6700 - OJ IF, +91 BO 2249 67501 E: bangalore@noricangroup.com W, www.noricangroup.com CIN, LB5110KA1984PI.C006116 I GST, 29A CG50J0FIZY

Regional Sales, New Delhi: delhi@noricangioup.com · Kolkata, kolkata@noricangroup.com Pune: pune@noricangroup.com Parts & Services, cdc.india@noricangroup.com

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Manufacturing Facility, Tumkur, No. 28-32, Satyamangala Industrial Area, Tumkur - 571104, Karnataka, India. T, +91816 6602000/01, E: turnkur@noricangroup.com Hosakote: Plot no 50, KIADB Industrial Area, Hosakote - 562114, Karnataka, India. T, +91 BO 279171310/27971516. E, hosakote®noricanarouo.com

We are Norican : DISA I ltalpresse Gauss I StrikoWestofen I Wheelabrator

DISA INDIA LIMITED

Registered Office : World Trade Center, 6th floor.Unit no S-604 Brigade Gateway Campus,26/1,Dr Rajkumar Road,Malleswaram Rajajinagar,Bangalore 560055 E-mail:bangalore@noricangroup.com,www.disagroup.com,Tel : +91 80 22496700 ,Fax: +91 80 2249 6750, GIN :L85110KA 1984PLC006116

STATEMENT OF STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2021

		(Rs. in Million)	(Rs. in Million)	(Rs. in Million)	(Rs. in Million)
Sr. No	Particulars	3 months ended	Preceding 3 months ended	Corresponding 3 months ended in thepreviousyear	Previous year ended
		30/06/2021 31/03/2021		30/06/2020	31/03/2021
		Unaudited	Refer Note 2	Unaudited	Audited
1	a) Revenue from operations b) Other income	367.4 24.1	296.3 26.4	272.8 21.2	1,775.1 95.0
	Total revenue(a+b)	391.5	322.7	294.0	1,870.1
2	Expenses (a) Cost of materials consumed (b) Purchase of stock in trade (c) Changes in inventories of finished goods, stock-in-trade and work-in-progress (d) Employee benefits expense (e) Finance costs (f) Depreciation and amortisation expense (q) Other expenses	178.4 111.5 47.5 49.8 (45.3) 8.4 91.5 86.1 1.5 1.1 8.7 10.8 54.1 55.5		83.6 11.4 75.5 78.4 0.8 9.2 38.6	654.7 159.5 196.0 311.1 3.9 37.4 191.9
	Total expenses	336.4 323.2		297.5	**1,554.5 **
3	Profit /(Loss) before tax(1-2)	55.1 (0.5)		(3.5)	315.6
4 l	Tax expenses (a) Current tax (b) Deferred tax	14.6 (1.9) C0.3) 1.2		- (0.9)	81.1 (1.1)
	Total tax expense	14.3 (0.7)		(0.9)	80.0
5	ProfitI(Loss) after tax(3-4)	40.8 0.2		(2.6)	235.6
6 7	Other Comprehensive Income (net of tax) Items that will not be reclassified to profit and loss Total Comprehensive Income (5+6)	0.8 1.3 • 41.6 1.5		(0.2) (2.8)	3.2 238.8
8Paid up equity share capital (Rs.10 each) 9Reserve excluding revaluation reserves 10Earnings / (Loss) per equity share (face value of Rs.10/- each) (not annualised) Basic and diluted-Rs.		14.5 14.5 28.06 0.14		14.5 (1.79)	14.5 1,860.9 162.01
Notes:

1 The above unaudited standalone financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on August 12, 2021. The statutory auditors of the Company have carried out the limited review of the unaudited standalone financial results for the quarter ended ended June 30, 2021.

2 The figures for the quarter ended on March 31, 2021 in financial results are balancing figures between audited figures of the full financial year and the published year to date figures up to the third quarter of the financial year. The statutory auditors of the company have carried out the limited review of the unaudited standalone financial results for the quarter ended March 31, 2021.

3 The Company operates in a single segment of manufacturing and selling of foundry machinery and machinery parts.

4 The Company has assessed the effects of the global pandemic COVID-19 in the preparation of these financial results. The Company has undertaken various initiatives to control costs. In the management's assessment, there have been no significant changes in the carrying amounts of receivables, inventories or property, plant and equipment and it does not anticipate any challenge in meeting its financial obligations. The impact of the pandemic may be different from that estimated at the date of approval of these financial results given the uncertainties associated with its nature and duration. The Company's management will continue to closely monitor any material change to the Company's financial position due to the pandemic and its impact on the future economic conditions.

5 Previous periods figures have been regrouped I reclassified wherever necessary.

Additional Information:

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Order backlog as at June 30, 2021 was Rs. 2,140 Million.

Place : Bengaluru Date : August 12, 2021

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Fo�mited ��� Bhagya Chandra Rao Director

DISA INDIA LIMITED

Registered Office: World Trade Center, 6th ftoor,Unit no S-604 Brigade Gateway Campus,2 6/1,Dr Rajkumar Road,Malleswaram Rajajinagar,Bangalore 560055 E-mail:bangalore@noricangroup.com,www.disagroup.com,Tel: +918022496700, Fax: +91 802249 6750, CIN :L85110KA1984PLC006116

STATEMENT OF CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2021

STATEMENT OF CONSOLIDATED FINANCIAL	STATEMENT OF CONSOLIDATED FINANCIAL	RESULTS FOR THE QUARTER ENDED JUNE 30, 2021	RESULTS FOR THE QUARTER ENDED JUNE 30, 2021	RESULTS FOR THE QUARTER ENDED JUNE 30, 2021	RESULTS FOR THE QUARTER ENDED JUNE 30, 2021
		(Rs. in Million)
Sr. No	Particulars	3 months ended	Preceding 3 months ended	Corresponding 3 months ended in the previous year	Previous year ended
		30/06/2021	31/03/2021	30/06/2020	31/03/2021
		Unaudited	Refer Note 2	Unaudited	Audited
1a) Revenue from operations bl Other income Total revenue(a+b)		387.2 23.9 411.1	319.3 26.1 345.4	282.2 20.9 303.1	1,850.6 93.8 1,944.4
2Expenses (a) Cost of materials consumed (b) Purchase of stock in trade (c) Changes in inventories of finished goods, stock-in-trade and work-in-progress (d) Employee benefits expense (e) Finance costs (f) Depreciation and amortisation expense /a\ Other expenses		187.2 47.5 (46.9) 94.7 1.5 9.4 58.8	122.1 49.8 7.0 89.5 1.1 11.5 60.5	87.8 11.4 75.9 81.4 0.8 10.0 41.2	688.6 159.5 197.5 322.6 3.9 40.4 208.4
	Total expenses	352.2	341.5	308.5	1,620.9
3	Profit /(Loss) before tax(1-2)	58.9	3.9	(5.4)	323.5
4	Tax expenses (a) Current tax (b) Deferred tax	15.6 . (0.3)	(0.7) 1.1	- (1.4)	83.1 (1.1)
	Total tax expenses	15.3	0.4	(1.4)	82.0
5	Profit /(Loss) after tax(3-4)	43.6	3.5	(4.0)	241.5
6 7	Other Comprehensive Income (net of tax) Items that will not be reclassified to profit and loss Total Comprehensive Income(5+6)	0.8 44.4	1.1 4.6	(0.2) (4.2)	3.1 244.6
8 9 10	Paid up equity share capital (Rs.10 each) Reserve excluding revaluation reserves Earnings / (Loss) per equity share (face value of Rs.10/- each) (not annualised) Basic and diluted-Rs.	14.5 29.98	14.5 14.5 2.41 (2.75)		14.5 1,890.9 166.07

Notes:

1 The above unaudited consolidated financial results of DISA India Limited ('the Parent' / 'the Company) and its subsidiary (together referred to as the 'Group') have been reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on August 12, 2021. The statutory auditors of the Company have carried out the limited review of the unaudited consolidated financial results for the quarter ended June 30, 2021.

2 The figures for the quarter ended on March 31, 2021 in financial results are balancing figures between audited figures of the full financial year and the published year to date figures up to the third quarter of the respective financial years. The statutory auditors of the company have carried out the limited review of the unaudited consolidated financial results for the quarter ended March 31,

3 The Group operates in a single segment of manufacturing and selling of foundry machinery and machinery parts.

4 The Group has assessed the effects of the global pandemic COVID-19 in the preparation of these financial results. The Group has undertaken various initiatives to control costs. In the management's assessment, there have been no significant changes in the carrying amounts of receivables, inventories or property, plant and equipment and it does not anticipate any challenge in meeting its financial obligations. The impact of the pandemic may be different from that estimated at the date of approval of these financial results given the uncertainties associated with its nature and duration. The Group's management will continue to closely monitor any material change to the Group's financial position due to the pandemic and its impact on the future economic conditions. 5 Previous periods figures have been regrouped / reclassified wherever necessary.

��

For Disa India Limited ��

Place : Bengaluru Date : August 12, 2021

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Deloitte Haskins & Sells

O,arter� Ac ou"Ulnts Prest[g] e Trade To .. er, t.e,ei 19 46, Palace Road, H Oh Grounds �ngalu•u - 560 001 l'arnata�a. ln1 a Tel �91 80 6188 6000 Fa,: +91 BO 6188 6011

RESULTS INDEPENDENT AUDITOR'S REPORT ON REVIEW OF INTERIM STANDALONE FINANCIAL

TO THE BOARD OF DIRECTORS OF DISA INDIA UMITED

1. We have reviewed the accompanying Statement of Standalone Unaudited Financial Results of DISA INDIA UMITED rthe Company"'), for the quarter ended June 30, 2021 rthe Statement"), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

2. 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 the Indian Accounting Standard 34 •rntenm Financial Reporting• ("Ind AS 34[n] ), 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 express a conclusion on the Statement based on our review.

3. 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 (ICAI). A review of interim financial information consists of making inqu1nes, primarily of the Company's personnel 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 Standards on Auditing specified under section 143( 10) of the Companies Act, 2013 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.

4. Based on our review conducted 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 the aforesaid Indian Accounting Standard 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.

BENGALURU August 12, 2021 MP/LS/2021

For DELOITTE HASKINS & SELLS Chartered Accountants (Firm's Registration No. 0080725) Monisha Parikh Partner (Membership No. 47840) UDIN: :vo41 S40 AA.P..AD � 41, g\

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Deloitte Haskins & Sells

lhir �r d AL aunt nls P,est11J1.. ... T1Mh! Towrr, Level 19 46, PnldCC R d, lllQh Ground5 BcngalU!lJ 560 00 I k1rn tak�, India Tel I 91 80 i>l�B 6000 ra,, I' RO 6Ifl0 6011

INDEPENDENT AUDITOR'S REPORT ON REVIEW OF INTERIM CONSOLIDATED FINANCIAL RESULTS

TO THE BOARD OF DIRECTORS OF DISA INDIA LIMITED

1. We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of DISA INDIA UMITED ("the Parent") and its subsidiary (the Parent and ils subsidiary together referred to as "the Group"), for the quarter ended June 30, 2021 ("the Statement") being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

2. This Statement, which Is the responsibility of the Parent's Management and approved by lhe Parent's Board of Directors, has been prepared In accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" {"Ind AS 34"), 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 express a conclusion on the Statement based on our review.

3. 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 (!CAI). A review of interim financial information consists of making inquiries, primarily of Parent's personnel 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 Standards on Auditing specified under Section 143( 10) of the Companies Act, 2013 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 circular issued by the SEBI under Regulation 33(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.

1. The Statement lncludes'the results of the following entities:

2. (a) DISA India Limited

3. (b) Bhadra Castalloy Private Limited, India

4. 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 the aforesaid Indian Accounting Standard 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.

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Deloitte Haskins & Sells

1. We did not review the financial results of one subsidiary Included in the consolidated unaudited financial results, whose interim financial results reflect total revenue of Rs. 25.9 Million for the quarter ended June 30, 2021, total net profit a�er tax of Rs. 2.8 Million for the quarter ended June 30, 2021 and· total comprehensive income Rs. 2.8 Million for the quarter ended June 30, 2021, as considered in the Statement. These interim financial results have been reviewed by other auditor whose report has been furnished to us by the Management and our conclusion on the Statement, is based solely on the report of the other auditor and the procedures performed by us as stated In paragraph 3 above.

Our conclusion on the Statement is not modified in respect of these matters.

For DELOITTE HASKINS & SELLS Chartered Accountants (Firm's Registration No. 008072S)

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Partner Monisha Parikh (Membership No. 47840) UDIN: :i_104;i Blj oAAAA D�'?J8(,Z.,

BENGALURU August 12, 2021 MP/LS/2021

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