Dixon Technologies (India) Limited — Interim / Quarterly Report 2021

Oct 29, 2021

Dixon Technologies (India) Ltd.

29th October, 2021

To	To
Secretary	Secretary
Listing Department	Listing Department
BSE Limited	National Stock Exchange of India Limited
Department of Corporate Services	Exchange Plaza, Bandra Kurla Complex
Phiroze Jeejeebhoy Towers,	Mumbai - 400 051
Dalal Street, Mumbai - 400 001
Scrip Code - 540699	Scrip Code-DIXON
ISIN: INE935N01020	ISIN: INE935N01020

Dear Sir / Madam,

Ž

Sub: Outcome of Board Meeting

In furtherance to our intimation dated 22^nd October, 2021, we hereby inform you that the Board at its Meeting held today i.e. 29^th October, 2021, inter-alia considered and approved, the following businesses:

Un-Audited Financial Results (Standalone and Consolidated) of the Company for the Quarter i. and Half Year ended as on 30th September, 2021.

Following are the key highlights on consolidated basis:

Particulars	Quarter ended 30.09.2021		Half year ended 30.09.2021	the 1 of
	Amount	Up/Down	Amount	Up/Down	peri $\overline{\mathbf{c}}$
	(In Rs. Lakhs)	$(\uparrow/\downarrow)$	(In Rs. Lakhs)	$(\uparrow/\downarrow)$
Revenue from Operations	2,80,378	171%	467107	↑117%	esponding ed
EBIDTA	11,096	124%	15922	↑49%
PBT	8,023	12%	10432	141%	com
PAT	6,264	120%	8081	↑50%	I0C As

The detailed format of the Un-Audited Financial Results (Standalone and Consolidated) together with the Limited Review Report is enclosed for your records. A copy of the same is also uploaded on the Company's Website www.dixoninfo.com.

for final

Regd. Office: B-14 & 15, Phase-II, Noida - 201 305, (U.P.) India, Ph.: 0120-4737200 E-mail: info@dixoninfo.com . Website: http://www.dixoninfo.com, Fax: 0120-4737263 CIN: L32101UP1993PLC066581

Furthe r, an extract of the a for esta ted Financial Results/Statements shall be published in newspaper in th e manner as prescribed under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 .

Time of Commencement of Board Mee ting: 12:00 Noon Time of Conclusion ofBoard Meeting: 02:35 p.m.

We request you to kindly take this on your record and oblige.

Thanking You,

For DIXON TECHNOLOGIES (INDIA LIMITED

any Secretary, Me No.: F8355 Address: 8- 14 & 1 5, Phase- II , No uddha Naga r Utta r Pradesh - 201 305

Encl: as above

S.N. Dhawan & CO LLP

Chartered Accountants

421, II Floor, Udyog V1har Phase IV, Gurugram, Haryana 122016, India

Tel +91 124 481 4444

LIMITED REVIEW REPORT ON UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND HALF-YEAR ENDED 30 SEPTEMBER 2021

To the Board of Directors of DIXON TECHNOLOGIES (INDIA) LIMITED

• 1. We have reviewed the accompanying statement of unaudited standalone financial results of DIXON TECHNOLOGIES (INDIA) LIMITED ("the Company") for the quarter and half-year ended 30 September, 2021 ("the Statement"), being submitted by the Company pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India ("the SEBI") (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
• 1. This Statement which is the responsibility of the Company's Management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 'Interim Financial Reporting' ('Ind AS 34'), prescribed under Section 133 of the Companies Act, 2013 ("the Act") read with relevant Rules issued thereunder; and other accounting principles generally accepted in India. Our responsibility is to issue a conclusion on the Statement based on our review.
• 1. 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. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of Company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
• 1. Based on our review conducted as 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 Ind AS 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.

For S.N. Dhawan & CO LLP Chartered Accountants Firm Registration No.: 0

~~ Vmesh Jain Partner Membership No.: 08770 UDIN No.: 21087701

Place: Gurugram Date: 29 October, 2021

s N Ot\lHar & co LLP II reg 5tered -Mlt'i tun.fed I ab t)' ~ lh 1dont.5c:ahon nurroer AAJi-1 125 and .ts regf!>'ered of'lc:e 1108 Mercal'\li:o House 15 KasUbl Gandhi MM;, ,,_ .. -N Dd'lil 110C01 Ind J

DIXON TECHNOLOGIES (INDIA) LIMITED REGISTERED OFFICE
814 & 15, PHASE II, NOIDA
UTTAR PRADESH-201305 CIN: 1321010P1993PL $C066581$

STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED JOTH SEPTEMBER, 2021

S.No.	Particulars	Quarter Ended			Half Year Ended		Year Ended
		30-Sep-21	$30 - Jun - 21$	30-Sep-20	30-Sep-21	$30-Sep-20$	$31 - Mar - 21$
		Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
	Revenue from operations	2,19,422	1,53.096	1,47,288	3,72,515	1.93.866	5.67,460
	Other income	131	35	31	166	56	239
$\mathbf{I}$	Total income $(1+2)$	2,19,553	1,53,131	1,47,319	3,72,684	1,93,922	5,67,699
4	Expenses
	a) Cost of materials consumed	1,98,482	1,45,774	1,29,861	3,44,257	1.65.842	5.06.070
	b) Changes in inventories of finished goods, work-in-progress and stock-in-trade	(346)	(4, 303)	(270)	(4, 651)	4.623	119
	c) Employees benefits expense	4,734	3,070	3,306	7.804	5.141	12,549
	d) Finance costs	542	691	686	1.233	1,242	2,591
	e) Depreciation and amortisation expense	1.174	1.134	968	2,308	1.774	3,846
	f) Other expenses	7.013	4.352	6.154	11,365	8,446	21,908
	Total expenses	2,11,597	1,50,718	1,40,705	3,62,316	1,87,068	5,47,083
5.	Profit before exceptional items and tax	7.956	2.413	6,614	10,368	6,854	20,616
	Exceptional items
6	Profit before tax	7,956	2,413	6,614	10,368	6,854	20,616
7	Tax expenses (Net)
	a). Current tax	2,046	674	1,793	2,719	1,893	5,344
	b) Deferred tax	(327)	(B3)	(14)	(410)	(56)	199
	c) Income tax related to earlier years						(124)
	Total Tax Expenses	1,719	591	1.779	2,309	1,837	5,419
8	Net Profit for the period/year (6-7)	6,237	1,822	4,835	8,059	5,017	15,197
$\overline{9}$	Other Comprehensive Income ('OCI')
	a) Items that will not be reclassified to Profit or Loss (net of tax)	(3)	(1)	(11)	(4)	(22)	(7)
	b) Items that will be reclassified to Profit or Loss (net of Lax)	1	$\bar{\phantom{a}}$	$\scriptstyle\rm w$	$\mathbf 1$	$\sim$	$\overline{\mathbf{z}}$
10	Total Comprehensive Income	6,235	1,821	4,824	8,056	4,995	15,192
11	Paid-up equity share capital (Face value per share Rs. 2 /-)	1,173	1,171	1,157	1,173	1,157	1,171
12	Other equity excluding revaluation reserve						69,061
13	Earning per share of Rs. 2/- each (not annualised)
	(a) Basic (Rs.)	10.65	3.11	8.36	13.76	8.67	26.14
		10.30	3.01
	(b) Diluted (Rs.)			8.18	13.31	8.48	25.56

Notes:

These financial results have been prepared in accordance with Indian Accounting Standards (Ind-AS) as prescribed under section 133 of Companies Act, 2013 read with Rule 3 of
the companies (Indian Accounting Standards) Rule $\bar{1}$

2 The above financial results have been reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on October 29, 2021.

3 During the year, Dixon Devices Private Limited has been incorporated, as wholly owned subsidiary of the Company.

The Chief Operating Decision Maker (CODM) comprises of the Board of Directors , Managing Director cum Vice chairman & Chief Financial Officer which examines the Company's
performance on the basis of single operating segmen $\bar{4}$

• The Code on Social Security, 2020 ("Code") relating to employee benefits, during employment and post-employment benefits, has received the Presidential assent in September
  2020. This Code has been published in the Gazette $\mathbb S$
• Pursuant to the approval of the shareholders accorded on March 7, 2021 vide postal ballot conducted by the Company, each equity share of face value of Rs. 10/- per share was
  subdivided into five equity shares of face value $\bar{5}$ Earnings per Share
• The Company has made an assessment of the impact of the continuing Covid-19 pandemic on its current and future operations,
  consideration to the internal and external factors. The Company is continuously monitoring the situ $\mathcal{F}$ uidity
  nificant position and cash flow giving due ppact on its operations and the
• 8 Figures of the previous periods have been regrouped /rearranged, wherever necessary

Place:
Date: Noida
29.10.2021

WANGO GURUSRAM $\frac{5}{1}$ PED AC

For DIX IN TECHNOLOGIES (IND A) LIMITED MW Atul.B.Lall Vice Chat in & Managing Director
ition Number : 00781436 Director Identification

DIXON TECHNOLOGIES (INDIA) LIMITED
REGISTERED OFFICE
B14 & 15, PHASE II, NOIDA
UTTAR PRADESH-201305

$\bar{J}$

CIN: L32101UP1993PLC066581, Website: www.dixoninfo.com
STANDALONE BALANCE SHEET AS AT 30TH SEPT., 2021

	(Rs. in Lakhs unless otherwise stated)
	As at	As at
	30-Sep-2021	31-Mar-2021
	Unaudited	Audited
ASSETS
Non-Current Assets
Property, plant and equipment a.	32.547	29.117
b. Capital work-in-progress	11,705	7.155
Intangible assets C.	333	387
Right of use assets d.	8,120	8,614
Financial assets $\rho$ .
i. Investments	4,503	4,503
ii. Other Financial Assets	1,167	1,037
Other non-current assets f	1,607	1,614
Current Assets	59,982	52,427
a. Inventories	80,923	55,544
b. Financial assets
i. Investments	9,003	9,525
ii. Trade receivables	1,12,452	1,00,300
iii. Cash and cash equivalents	8.929	3.605
iv. Bank balances other than cash and cash equivalents	561	488
v. Loans		5,900
vi. Other Financial Assets	1,693	1,100
Other current assets $\mathbb{C}$ .	8,970	13,010
d. Current tax assets	104	÷
	2,22,635	1,89,472
TOTAL ASSETS	2,82,617	2,41,899
EQUITY AND LIABILITIES
Eauity
Equity share capital $\ddot{a}$ .	1,173	1,171
Other equity	78.646	69,061
Liabilities	79,819	70,232
Non-Current Liabilities
Financial liabilities: $a$ .
I. Borrowings ii. Lease liabilities	12,803	5,638
Provisions b.	8,217 860	8,542 830
Deferred Tax Liabilities (Net) C.
	1,045 22,925	1,455 16,465
Current Liabilities
a. Financial liabilities:
i. Borrowings	6,739	7.125
ii. Lease liabilities	656	656
iii. Trade payables
- Total outstanding dues of Micro, small enterprises	6,631	5,160
- Total outstanding dues of others	1,57,928	1,37,193
iv Other financial liabilities	3,218	1,465
b. Other current liabilities	3,724	3,052
Provisions C.	977	543
Current tax liabilities d.		8
	1,79,873	1,55,202
TOTAL EQUITY AND LIABILITIES	2,82,617	2,41,899
NAN

DIXON TECHNOLOGIES (INDIA) LIMITED
REGISTERED OFFICE
B14 & 15, PHASE II, NOIDA
UTTAR PRADESH-201305

UI IAN FRAUCON-ZUIJUJ
	CIN: L32101UP1993PLC066581, Website: www.dixoninfo.com
STANDALONE CASH FLOW STATEMENT

	SIANUALUNE CASH FLUW SIAIEPILITI	(Rs. in Lakhs unless otherwise stated)
		Half Year ended 30th Sep., 2021	Year ended 31st March, 2021
		Unaudited	Audited
Α.	Cash flow from operating activities
	Profit before tax	10,368	20.616
	Adjustments for:	2,308	3.846
	Depreciation and amortisation expense	1.233	2.591
	Finance Costs (Gain) /Loss on Exchange fluctuation on borrowings	(68)	58
	Provision for impairment of property, plant and equipment	60	205
	Interest income	(80)	(140)
	Ind. AS 116 rent income covid waiver	$\sim$ (18)	(57) (38)
	Income from Mutual fund Investment Provision for doubtful debts / loans and advances written back		(4)
	(Profit)/Loss on sale of property, plant and equipment	(68)	33
	Share based payment of employees	609	938
	Bad debts write off		3
		14,344	28,051
	Changes in working capital Adjustments for (increase) / decrease in operating assets:
	Inventories	(25, 380)	(19, 144)
	Trade receivables	(12, 149)	(57, 439)
	Other current assets	4,040	(5,656)
	Other financial assets	(130)	(180)
	- non-current - current	(593)	1.487
	Adjustments for increase / (decrease) in operating liabilities:
	Trade payables	22,209	70,949
	Other financial liabilities	(110) 672	110 2,549
	Other current liabilities	460	302
	Provisions Cash generated from operating activities	3,363	21,029
	Income tax paid (net)	(2, 831)	(5, 232)
	Net cash generated from/ (used in) operating activities	532	15,797
B.	Cash flow from investing activities
	Capital expenditure on property, plant and equipment and intangible assets	(9, 793)	(11, 331)
	Loan given (net) Sale proceeds of property, plant and equipment	5.900 788	(5.900) 21
	Investment in Mutual Funds	522	(9, 525)
	Equity investments in shares of joint venture		(2)
	(Increase) / decrease in bank balance not considered as cash and cash	(72)	(54)
	equivalent (net) Income from Mutual fund Investment	18	38
	Interest income received	80	140
	Net cash generated from/(used in) investing activities	(2, 557)	(26, 613)
C.	Cash flow from financing activities
	Interest paid	(1, 532)	(2,995)
	Proceeds from issue of share	918	2,686
	Proceeds/ (repayment) from current borrowings (net) Proceeds/ (repayment) of non Current financial Borrowings	(318) 7,138	769
	Proceeds/ (repaymnent) of non Current financial Borrowings	1,143	4.680 (54)
	Net cash generated from/(used in) financing activities	7,349	5,086
	Net increase/(decrease) in cash and cash equivalents $(A+B+C)$ Cash and cash equivalents at the beginning of the year	5,324 3,605	(5,730) 9,335
	Cash and cash equivalents at the end of Period /year	8,929	3,605

S.N. Dhawan & CO LLP

Chartered Accountants

421, II Floor Udyog V,har Phase IV. Gurugram. Haryana 122016. India

•

Tel +91 124 481 4444

LIMITED REVIEW REPORT ON UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF-YEAR ENDED 30 SEPTEMBER 2021

To the Board of Directors of DIXON TECHNOLOGIES (INDIA) LIMITED

• We have reviewed the accompanying statement of unaudited consolidated financial results of DIXON TECHNOLOGIES (INDIA) LIMITED ("the Holding Company") and its subsidiaries (the holding company and its subsidiaries together referred to as "the Group"), and joint ventures for the quarter and half-year ended 30 September, 2021 ("the Statemenr), being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the Securities and Exchange Board of India ("the SEBI") (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
• 1. This Statement, which is the responsibility of the Holding Company's Management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 'Interim Financial Reporting' ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, 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.
• 1. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the 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 includes the results of the following entities:

Name of the Company	Relation	Percentage of ownership interest
AIL Dixon Technologies Private Limited	Joint venture	50%
Padget Electronics Private Limited	Subsidiary	100%
Dixon Global Private Limited	Subsidiary	100%
Dixon Electro Appliances Private Limited	Subsidiary	100%
Dixon Electro Manufacturing Private Limited	Subsidiary	100%
Dixon Technologies Solutions Private Limited	Subsidiary	100%
- Dixon Devices Private Limited ~l'-1/'JAN&~	Subsidiary	100%
td ""'" & co LLP" reg,stered w,lh 1,.,10d habololy w,lh 1don,n\ · · nun-ber AAH-112 GURUGRA~l • lhl 110001 India • ti q_ '(' "'1> ~ ?: ~lrfo cco'5 --		if' ,eg,stered office ,s 108, Morcan"• Housa, 15. Kallurt>a Gandr, Marg

5 Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the cons1derat1on of the review reports of the other auditors referred to in paragraph 6 below, 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 Ind AS 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 (L1st1ng 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

6. Other Matter

We did not review the financial results of two subsidiaries included in the Statement, whose financial results reflect total assets of Rs. 78,360 lakhs as at 30 September, 2021 and total revenues of Rs 58,999 lakh and 86,182 lakhs, total net loss after tax of Rs. 218 and 371 lakhs and total comprehensive loss of Rs 218 lakh and 371 lakhs for the quarter and half-year ended 30 September 2021 respectively and net cash flows of Rs 5,100 lakhs for the half year ended 30 September 2021 as considered In the Statement These financial results have been reviewed by other auditors whose reports have been furnished to us by the Management and our conclusion on the Statement, in so far as 11 relates to the amounts and disclosures included in respect of these subsidiaries, is based solely on the reports of the other auditors and the procedures performed by us as stated in paragraph 3 above.

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

For S.N. Dhawan & CO LLP Chartered Accountants 4ffstration No.: 000

Vinesh Jain Partner Membership No .. 087701 · UDIN No · 21087701

Place· Gurugram Date. 29 October, 2021

DIXON TECHNOLOGIES (INDIA) LIMITED REGISTERED OFFICE
B14 & 15, PHASE II, NOIDA
UTTAR PRADESH-201305

CIN: L32101UP1933FLC065581, Website: www.disaninfo.com
STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2021

							(Rupees in Lakhs)
	S.No. Particulars		Quarter Ended			Half Year Ended	Year Ended
		30-Sep-21	$30 - Jun - 21$	30-Sep-20	$30-Sep-21$	30-Sep-20	31-Mar-21
		Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
ż	Revenue from operations Other income	2,80,378 95	1.86.729 78	1.63.874 25	4.67.107 132	2.15.568 46	6,44,817 158
3	Total income $(1+2)$ $\sim$	2,80,473	1,86,767	1,63,899	4,67,239	2,15,614	6,44,975
a.	Expenses
	a) Cost of materials consumed	2.58.252	1.77.172	1,45,244	4.35.424	1.83.644	5,75,341
	b) Changes in inventories of finished goods, work-in-progress and stock-in-trade	(2.933)	(4,258)	(772)	(7, 191)	6,328	1,631
	c) Employees benefits expense	5.461	3.613	3.588	9.074	5,565	13,707
	d) Finance costs	913	913	691	1.826	1,260	2,744
	e) Depreciation and amortisation expense	2,160	1,504	1.092	3.664	2.017	4,372
	f) Other expenses	8.597	5,413	6,875	14,010	9,403	25,479
	Total expenses	2,72,450	1,84,357	1,56,718	4,56,807	2,08,217	6,23,274
$\mathbf{5}$	Profit before exceptional items and tax	8,023	2,410	7,181	10,432	7,397	21,701
	Exceptional items	$\overline{\phantom{a}}$	$\overline{\phantom{a}}$	$\sim$	$\omega$	$\sim$
6	Profit before tax	8,023	2,410	7,181	10.432	7,397	21,701
Ŧ.	Tax expenses (Net)
	a) Current tax	2.146	707	1.917	2.853	2.025	5.464
	b) Deferred tax	(442)	(143)	34	(586)	(24)	402
	c) MAT credit entitlement	55	30	(6)	84	(6)	(39)
	d) Income tax related to earlier years					6	(106)
	Total Tax Expenses	1,759	594	1,945	2,351	2,001	5,721
$\mathbf{a}$	Net Profit for the period/year (6-7)	6,264	1,816	5,236	8,081	5,396	15,980
g.	Other Comprehensive Income ('OCI') a) Items that will not be reclassified to Profit or Loss (net of tax)	(3)	(1)	(11)	(4)	(21)	(7)
	b) Items that will be reclassified to Profit or Loss (net of tax)	ï	$\sim$	$\blacksquare$	1		2
10	Total comprehensive income	6,262	1,815	5,225	8,078	5,375	15,975
11	Paid-up equity share capital (Face value per share Rs.2/-)	1,173	1,171	1,157	1,173	1,157	1,171
12	Other equity excluding revaluation reserve		s.				72,559
13	Earning per share of Rs. 2/- each (not annualised)
	$(a)$ Basic $(Rs.)$	10.69	3.10	9.05	13.79	9.33	27.49
	(b) Diluted (Rs.)	10.35	3.00	8.86	13.35	9.13	26.87

Notes:

Y.

1 These financial results have been prepared in accordance with Indian Accounting Standards (Ind-AS) as prescribed under section 133 of Companies Act, 2013 read with Rule 3 of the
companies (Indian Accounting Standards) Ru

2 The above financial results have been reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on October 29, 2021.

3 During the year, Dixon Devices Private Limited has been incorporated, as wholly owned subsidiary of the Company.

4 The Chief Operating Decision Maker (CODM) comprises of the Board of Directors , Managing Director cum Vice chairman & Chief Financial Officer which examines the Group's performance on the basis of single operating segment Electronics Goods; accordingly segment disclosure has not been made,

• 5 The Code on Social Security, 2020 ('Code') relating to employee benefits, during employment and post-employment benefits, has received the Presidential assent in September 2020. This Code has been published in the Gazette of India. However, the effective date from which the changes are applicable is yet to be notified and the rules for quantifying the financial impact are also yet to be issued. The Group will evaluate the impact of the Code and will give appropriate impact in the financial statements in the period in which the Code becomes effective and the related rules are published.
• 6 Pursuant to the approval of the shareholders accorded on March 7, 2021 vide postal ballot conducted by the Holding Company, each equity share of face value of Rs, 10/- per share
  was subdivided into five equity shares of
• The Group has made an assessment of the impact of the continuing Covid-19 pandemic on its current and future operations, liquidity portions. $\mathcal{I}$ and cash flow giving due consideration to pera and the financial position as at 30th September 2021.

B Figures of the previous periods have been regrouped /rearranged, wherever necessary

Place: Noida
Date: 29.10.2021

WANGC $OS$ GURN*SRAM REDAC

NOIDA

Fo

Du

ECHNOLOGIES (INAJA) LIMITED IXON univ

Atul B.Lall
Vice Chairman & Managing Director
ector Identification Number : 00781436

$\hat{y}$

DIXON TECHNOLOGIES (INDIA) LIMITED

REGISTERED OFFICE

B14 & 15,PHASE II, NOIDA

UTTAR PRADESH-201305

CIN: L32101UP1993PLC066581, Website: www.dixoninfo.com

CONSOLIDATED BALANCE SHEET AS AT 30TH SEPTEMBER, 2021

As at 31-Mar-2021 Audited 40,588 7,239 400 13,218 817 1,234 1.962 65,458 74,325
9,525 1,08,906
6,384
504
250
1,204
17,808 202
2,19,108
2,84,566
1,171
72,559 73,730
7,996
12,957 875
1,838
93
23,759
7,134
887
5,686
1,65,281
3,940 3.578
563
8
1,87,077

DIXON TECHNOLOGIES (INDIA) LIMITED
ECISTERED OFFICE
ELI4 & 15,974ASE 11, 700DA
UTTAR PRADESH, 2013DS
CIN: L32101UP1993PLC066581, Website: www.dixoninfo.com
CONSOLIDATED CASH FLOW STATEMENT

Half Year Ended Year Ended 30 Sep., 2021 Unaudited Audited A. Cash flow from operating activities Profit before tax 10.432 21.701 Adjustments for: Depreciation and amortisation expense 3.664 4,372 Finance costs 1.826 2.744 (Gain) /Loss on Exchange fluctuation on borrowings 58 58 Provision for impairment of property, plant and equipment 60 205 Interest income (22) (45) Provision for doubtful debts / loans and advances written back (13) (4) (Profit)/Loss on sale of property, plant and equipment (68) 33 Provision for doubtful debts / loans and advances $\mathbf{G}$ 19 Ind. AS 116 rent income covid waiver (57) Share based payment of employees 609 938 Bad debts write off 3 Fair value gain on mutual funds (19) (39) 16,536 29,928 Changes in working capital Adjustments for (increase) / decrease in operating assets: Inventories (44.224) (24, 540) Trade receivables - non current 17 x - current (13, 604) (57.395) Other financial assets - non current (132) (322) - current (1,016) 1.921 Other assets - non current - Current 380 (7, 827) Adjustments for increase / (decrease) in operating liabilities: Trade payables - non current - current 56,777 77.052 Provisions - non current 32 225 - Current 528 124 Other liabilities - non current (4) (7) $-c current$ 586 3.039 Other financial liabilities (147) 300 Cash generated from operating activities 15,725 22,499 Income tax paid (net) (3.051) (5,488) Net cash generated from/(used in) operating activities 12,674 17,011 B. Cash flow from investing activities Capital expenditure on property, plant and equipment and (16, 609) (16.817) Sale proceeds of property, plant and equipment 113 22 Purchase of investments 522 (9.525) Loan given (net) 250 (250) Income from mutual funds 19 39 (Increase) / decrease in bank balance not considered as cash and cash (625) (54) equivalent (net) Interest income received 22 45 Net cash generated from/(used in) investing activities (16, 308) (26, 540) C. Cash flow from financing activities Interest paid (2.184) (3, 223) Proceeds from issue of share 918 2.686 Proceeds from Non current borrowings 11.363 6.989 Proceeds / (repayment) of short term borrowings 3,644 (105) Net cash generated from/(used in) financing activities 13,741 6,347 Net increase/(decrease) in cash and cash equivalents (A+B+C) 10,107 [3, 182] Cash and cash equivalents at the beginning of the year 6.384 9.566 Cash on acquisition of Stake in Joint venture Cash and cash equivalents at the end of Period/ year 16,491		(Rs. in Lakhs unless otherwise stated)
			31 March, 2021
			6,384