GRP Limited — Interim / Quarterly Report 2021

Oct 30, 2021

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30.10.2021

To To BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex Dalal Street, Bandra (E), Mumbai - 400 001. Mumbai - 400 051. Scrip code : 509152 Symbol : GRPLTD – Series: EQ

Dear Sir / Madam,

Sub : Unaudited Financial Results for the quarter ended 30[th] September, 2021

Pursuant to Regulation 30 & 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we are enclosing herewith Standalone and Consolidated Unaudited Financial Results along with limited review report received from our auditors for the quarter and half year ended 30[th] September, 2021 as taken on record by the Board of Directors at its meeting held on 30th October, 2021.

The meeting of the Board of Directors commenced at 3.30 p.m. and concluded at 7.30 p.m.

Kindly acknowledge receipt.

Thanking you,

Yours faithfully, for GRP Ltd.

Abhijeet Sawant Company Secretary

Encl : a/a

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D K P & ASSOCIATES CHARTERED ACCOUNTANTS

611 Dalamal Tower 211 Nariman Point Mumbai 400021 Tel. No. 99875 37434 Email : deepak@dkpassociates.com

INDEPENDENT AUDITOR’S LIMITED REVIEW REPORT ON UNAUDITED STANDALONE FINANCIAL RESULTS

TO THE BOARD OF DIRECTORS OF GRP Limited

1. We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of GRP Limited (“the Company”) for the quarter and half year ended September 30, 2021 (“the Statement”) attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“the Regulations”), as amended, read with SEBI Circular No. CIR/CFD/FAC/62/2016 dated 5[th] July, 2016 (“the Circular”).

2. The preparation of the Statement 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 Rule 3 of Companies (Indian Accounting Standards) Rules, 2015 and the Circular, which is the responsibility of the Company’s management and approved by the Board of Directors. 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. 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.

4. Based on our review conducted as stated 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 applicable Indian Accounting Standards (Ind AS) specified under section 133 of the Companies Act, 2013 read with relevant rules issued there under and other recognised accounting practices and 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, read with SEBI Circular No. CIR/CFD/FAC/62/2016 dated 5[th] July, 2016, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For D K P & Associates Chartered Accountants (Registration No. 126305W)

D. K. Doshi

Partner Membership Number: 037148 UDIN: 21037148AAAAEV7095 Place: Mumbai Date: 30[th] October, 2021

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GRP Limited (CIN : L25191GJ1974PLC002555) Registered Office : Plot No.8, GIDC Estate, Ankleshwar - 393 002 Dist. Bharuch, Gujarat

STATEMENT OF UNAUDITED STANDLAONE FINANCIAL RESULTS FOR THE QUARTER & HALF YEAR ENDED 30th SEPTEMBER 2021

(₹ in Lakhs, except per share data)

GRP Limited(CIN : L25191GJ1974PLC002555) Registered Office : Plot No.8, GIDC Estate, Ankleshwar - 393 002 Dist. Bharuch, Gujarat	GRP Limited(CIN : L25191GJ1974PLC002555) Registered Office : Plot No.8, GIDC Estate, Ankleshwar - 393 002 Dist. Bharuch, Gujarat	GRP Limited(CIN : L25191GJ1974PLC002555) Registered Office : Plot No.8, GIDC Estate, Ankleshwar - 393 002 Dist. Bharuch, Gujarat	GRP Limited(CIN : L25191GJ1974PLC002555) Registered Office : Plot No.8, GIDC Estate, Ankleshwar - 393 002 Dist. Bharuch, Gujarat	GRP Limited(CIN : L25191GJ1974PLC002555) Registered Office : Plot No.8, GIDC Estate, Ankleshwar - 393 002 Dist. Bharuch, Gujarat	GRP Limited(CIN : L25191GJ1974PLC002555) Registered Office : Plot No.8, GIDC Estate, Ankleshwar - 393 002 Dist. Bharuch, Gujarat	GRP Limited(CIN : L25191GJ1974PLC002555) Registered Office : Plot No.8, GIDC Estate, Ankleshwar - 393 002 Dist. Bharuch, Gujarat	GRP Limited(CIN : L25191GJ1974PLC002555) Registered Office : Plot No.8, GIDC Estate, Ankleshwar - 393 002 Dist. Bharuch, Gujarat
STATEMENT OF UNAUDITED STANDLAONE FINANCIAL RESULTS FOR THEQUARTER & HALF YEAR ENDED 30th SEPTEMBER 2021
(₹ in Lakhs, except per share data)
Sr No.	Particulars	Standalone
		Quarter ended			Half Year ended		Year ended
		30-09-2021	30-06-2021	**30-09-2020 **	**30-09-2021 **	30-09-2020	31-03-2021
		Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
I II III IV V VI VII VIII IX X XI XII XIII XIV	Revenue from Operations (Gross) Less: Goods & Service Tax Revenue from Operations Other Income Total Income (I + II) Expenses (a) Cost of Materials consumed (b) Purchases of Stock-in-Trade (c) Changes in inventories of finished goods, Stock-in Trade and Work-in-progress (d) Employees benefits expense (e) Finance Costs (f) Depreciation & amortisation expense (g) Other Expenses Total Expenses (IV) Profit/(Loss) before exceptional items and tax (III - IV) Exceptional Items Profit/(Loss) before tax (V-VI) Tax Expense (1) Current Tax (2) Deferred Tax Total Tax Expense Profit/(loss) for the period (VII-VIII) Other Comprehensive Income (i) Items that will not be reclassified to profit or loss (ii) Income tax relating to Items that will not be reclassified to profit or loss (iii) Items that will be reclassified to profit or loss (iv) Income tax relating to items that will be reclassified to profit or loss Total Other Comprehensive Income (X) Total Comprehensive Income for the period (IX + X) Paid up Equity Share Capital (Face value of ₹ 10/- each) Other Equity excluding Revaluation Reserves as per Balance Sheet Earning Per share (Face value of ₹ 10/- each) (* Not Annualised) (1) Basic (2)Diluted	10,677.97 615.98	8,755.37 480.37	7,962.49 453.39	19,433.34 1,096.35	11,304.31 630.55	29,652.44 1,700.26
		10,061.99 30.16	8,275.00 28.53	7,509.10 21.18	18,336.99 58.69	10,673.76 30.76	27,952.18 181.99
		10,092.15	8,303.53	7,530.28	18,395.68	10,704.52	28,134.17
		5,115.17 - - 1.96 1,524.70 100.40 299.21 2,879.17	4,530.10 - (456.81) 1,307.89 92.43 292.88 2,477.89	3,655.79 - (95.67) 1,167.41 94.97 333.98 2,260.81	9,645.27 - (454.85) 2,832.59 192.83 592.09 5,357.06	5,068.96 - (2.63) 2,059.46 306.78 629.05 3,275.04	13,386.59 - 228.66 4,846.42 535.09 1,252.63 7,816.71
		9,920.61	8,244.38	7,417.29	18,164.99	11,336.66	28,066.10
		171.54	59.15	112.99	230.69	(632.14)	68.07
		-	-	-	-	-	-
		171.54	59.15	112.99	230.69	(632.14)	68.07
		76.26 (243.99)	93.81 35.27	- 22.86	170.07 (208.72)	- (160.05)	(0.50) (95.09)
		(167.73)	129.08	22.86	(38.65)	(160.05)	(95.59)
		339.27	(69.93)	90.13	269.34	(472.09)	163.66
		(45.56) 10.33 42.78 (8.89)	(24.82) 6.90 (54.32) 13.26	(42.50) 11.05 125.24 (32.57)	(70.38) 17.23 (11.54) 4.37	(3.73) 0.97 (4.51) 1.17	26.14 (6.80) 339.34 (88.23)
		(1.34)	(58.98)	61.22	(60.32)	(6.10)	270.45
		337.93	(128.91)	151.35	209.02	(478.19)	434.11
		133.33 - 25.45 * 25.45 *	133.33 - (5.24) (5.24)	133.33 - 6.76 * 6.76 *	133.33 - 20.20 * 20.20 *	133.33 - (35.41) (35.41)	133.33 13,425.51 12.27 12.27

(₹ in Lakhs) UNAUDITED STANDALONE SEGMENT INFORMATION FOR THE QUARTER & HALF YEAR ENDED 30th SEPTEMBER 2021	(₹ in Lakhs) UNAUDITED STANDALONE SEGMENT INFORMATION FOR THE QUARTER & HALF YEAR ENDED 30th SEPTEMBER 2021	(₹ in Lakhs) UNAUDITED STANDALONE SEGMENT INFORMATION FOR THE QUARTER & HALF YEAR ENDED 30th SEPTEMBER 2021	(₹ in Lakhs) UNAUDITED STANDALONE SEGMENT INFORMATION FOR THE QUARTER & HALF YEAR ENDED 30th SEPTEMBER 2021	(₹ in Lakhs) UNAUDITED STANDALONE SEGMENT INFORMATION FOR THE QUARTER & HALF YEAR ENDED 30th SEPTEMBER 2021	(₹ in Lakhs) UNAUDITED STANDALONE SEGMENT INFORMATION FOR THE QUARTER & HALF YEAR ENDED 30th SEPTEMBER 2021	(₹ in Lakhs) UNAUDITED STANDALONE SEGMENT INFORMATION FOR THE QUARTER & HALF YEAR ENDED 30th SEPTEMBER 2021	(₹ in Lakhs) UNAUDITED STANDALONE SEGMENT INFORMATION FOR THE QUARTER & HALF YEAR ENDED 30th SEPTEMBER 2021
Sr No.	Particulars	Standalone
		Quarter ended			Half Year ended		Year ended
		30-09-2021	30-06-2021	**30-09-2020 **	**30-09-2021 **	30-09-2020	31-03-2021
		Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
1 2 3 4	Segment Revenue a) Reclaim Rubber b) Others Revenue from Operations (Gross) Less: Goods and Service Tax Revenue from Operations Segment Results Profit/(Loss) Before Tax & Interest from each segment a) Reclaim Rubber b) Others Total Less: Finance Costs Less: Other unallocable expenses net of unallocable income Profit/(Loss) before tax Segment Assets a) Reclaim Rubber b) Others c) Unallocated Assets Total Segment Assets Segment Liabilities a) Reclaim Rubber b) Others c) Unallocated Liabilities Total Segment Liabilities	9,710.73 967.24	8,008.27 747.10	7,548.41 414.08	17,719.00 1,714.34	10,721.71 582.60	27,408.12 2,244.32
		10,677.97 615.98	8,755.37 480.37	7,962.49 453.39	19,433.34 1,096.35	11,304.31 630.55	29,652.44 1,700.26
		10,061.99	8,275.00	7,509.10	18,336.99	10,673.76	27,952.18
		591.50 108.37	560.15 (18.63)	561.08 4.12	1,151.65 89.74	308.80 (39.93)	1,875.30 156.18
		699.87	541.52	565.20	1,241.39	268.87	2,031.48
		100.40 427.93	92.43 389.94	94.97 357.24	192.83 817.87	306.78 594.23	535.09 1,428.32
		171.54	59.15	112.99	230.69	(632.14)	68.07
		19,474.45 3,871.68 3,571.72	17,938.48 2,999.08 2,826.27	17,352.74 3,178.62 3,870.46	19,474.45 3,871.68 3,571.72	17,352.74 3,178.62 3,870.46	18,676.00 3,131.14 3,442.31
		26,917.85	23,763.83	24,401.82	26,917.85	24,401.82	25,249.45
		3,258.51 286.73 9,638.08	2,841.77 180.39 7,311.73	2,911.04 179.99 8,488.24	3,258.51 286.73 9,638.08	2,911.04 179.99 8,488.24	2,518.87 231.92 8,939.82
		13,183.32	10,333.89	11,579.27	13,183.32	11,579.27	11,690.61

UNAUDITED STANDALONE STATEMENT OF ASSETS & LIABILITIES	UNAUDITED STANDALONE STATEMENT OF ASSETS & LIABILITIES	(₹ in Lakhs)	(₹ in Lakhs)
Sr **No. **	Particulars	Standalone
		AS AT 30-09-2021	AS AT 31-03-2021
		Unaudited	Audited
1 2	ASSETS NON-CURRENT ASSETS Property, Plant and Equipment Capital Work in progress Right to use Investment Property Intangible assets Intangible assets under development Financial Assets - Investments Other Non-current assets Total Non-Current Assets CURRENT ASSETS Inventories Financial Assets - Trade receivables - Cash and cash equivalents - Other Bank balances - Other Financial assets Current Tax Assets (Net) Other Current Assets Total Current Assets	9,396.01 175.61 1,265.33 103.75 10.61 11.79 780.64 589.11	9,791.63 161.83 921.78 104.91 11.51 31.49 777.88 270.35
		12,332.85	12,071.38
		4,832.02 7,048.78 1,288.52 8.07 403.40 101.08 903.14	4,321.95 6,344.80 1,370.52 9.29 235.04 148.74 747.73
		14,585.01	13,178.07
	TOTAL ASSETS	26,917.86	25,249.45
1 2 2A **2B **	EQUITY AND LIABILITIES EQUITY Equity Share Capital Other Equity Total Equity LIABILITIES NON-CURRENT LIABILITIES Financial Liabilities - Borrowings - Lease Liabilities Provisions Deferred Tax Liabilities (Net) Total Non-Current Liabilities CURRENT LIABILITIES Financial Liabilities - Borrowings - Lease Liabilities - Trade Payables - Dues of micro and small enterprises - Dues of creditors other than micro and small enterprises - Other Financial Liabilities Other Current Liabilities Provisions Total Current Liabilities Total Liabilities	133.33 13,601.20	133.33 13,425.51
		13,734.53	13,558.84
		1,325.44 21.05 164.60 1,346.43	1,572.72 36.48 74.26 1,559.51
		2,857.52	3,242.97
		6,661.97 36.19 199.85 1,776.24 136.48 1,436.27 78.81	5,523.36 43.84 198.59 1,493.76 113.32 973.19 101.58
		10,325.81	8,447.64
		13,183.33	11,690.61
	TOTAL EQUITY AND LIABILITIES	26,917.86	25,249.45

UNAUDITED STANDALONE CASH FLOW STATEMENT	UNAUDITED STANDALONE CASH FLOW STATEMENT	(₹ in Lakhs)	(₹ in Lakhs)
Sr **No. **	Particulars	Standalone
		Half Year ended
		30-09-2021	30-09-2020
		Unaudited	Unaudited
A B C D	Cash Flow from Operating Activities Profit before exceptional items and tax Adjustments for: Depreciation Share of (Profit) / Loss in LLP (Profit) / Loss on sale of Property, plant and equipment (Net) Interest Income Interest Expense Rent Income Provision for Expected credit loss Employee benefits expenses Exchange difference	230.69 592.09 (2.76) 100.88 (9.67) 192.83 (1.50) 21.44 (2.81) (62.23)	(632.14) 629.05 15.70 - (19.27) 306.78 (1.50) - - (7.76)
	Operating Profit before working capital changes	1,058.96	290.86
	Adjustments for (Increase)/Decrease in Trade and other receivables (Increase)/Decrease in Inventories Increase/(Decrease)in Trade and otherpayable	(1,139.90) (510.07) 745.73	2,148.51 928.90 (398.94)
	Cashgenerated from operations	154.72	2,969.33
	Direct taxespaid(net of refund)	(105.17)	(2.72)
	Net Cashgenerated from Operating Activities	49.55	2,966.61
	Cash Flow from Investing Activities Interest received Sale proceeds of Property, plant and equipment Rent Income Purchase of Property, plant and equipment	12.95 47.61 1.50 (836.46)	32.31 - 1.50 (223.54)
	Net Cash used in Investing Activities	(774.39)	(189.73)
	Cash Flow from Financing Activities Loans repaid (Net of borrowings) Interest paid Payment of Lease Liabilities Dividend & Dividend taxpaid	890.07 (190.80) (23.08) (33.33)	(1,590.54) (315.31) (25.56) -
	Net Cash used in Financing Activities	642.84	(1,931.41)
	Net Increase / (Decrease) in Cash and cash equivalents (A + B + C) Cash and cash equivalents as at 1st April Cash and cash equivalents as at 30th September	(82.00) 1,370.52 1,288.52	845.47 823.55 1,669.02

NOTES

• 1 These results have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard (Ind AS) prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder and other accounting principles generally accepted in India.

• 2 The above results for the quarter and half year ended 30th September, 2021 have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at their meeting held on 30th October, 2021 and the same was subjected to "Limited Review" by the Statutory Auditors of the Company, as required under Regulation 33 of SEBI (Listing Obligations and Disclosures requirements) Regulations, 2015.

• 3 Based on the “management approach” as defined in Ind AS 108 – Operating Segments, the Chief Operating Decision Maker (CODM) evaluates the Company’s performance and allocates resources based on an analysis of various performance indicators of business segment/s in which the company operates, 'Reclaim Rubber' has been identified as reportable segment and smaller business segments not separately reportable have been grouped under the heading 'Others'.

• 4 Deferred tax for the half year ended 30th September, 2021 includes onetime impact of ₹ 107.68 lakhs being reversal of opening deferred tax liability due to reduction in tax rate applicable to the Company by Finance Act (No. 2) 2019.

• 5 Figures for the previous period are regrouped/reclassified wherever necessary, to make them comparable.

FOR GRP LIMITED

Place : Mumbai Date : 30th October, 2021

HARSH Digitally signed by HARSH RAJENDRA RAJENDR GANDHI Date: 2021.10.30 A GANDHI 18:56:32 +05'30' HARSH R. GANDHI JOINT MANAGING DIRECTOR

D K P & ASSOCIATES CHARTERED ACCOUNTANTS

611 Dalamal Tower 211 Nariman Point Mumbai 400021 Tel. No. 99875 37434 Email : deepak@dkpassociates.com

INDEPENDENT AUDITOR’S LIMITED REVIEW REPORT ON UNAUDITED CONSOLIDATED FINANCIAL RESULTS

TO THE BOARD OF DIRECTORS OF GRP Limited

1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of GRP Limited (“the Company”) and its Subsidiaries (together referred to as "the Group") and joint venture for the quarter and half year ended September 30, 2021 (“the Statement”) attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“the Regulations”), as amended, read with SEBI Circular No. CIR/CFD/FAC/62/2016 dated 5[th] July, 2016 (“the Circular”).

2. The preparation of the Statement 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 Rule 3 of Companies (Indian Accounting Standards) Rules, 2015 and the Circular, which is the responsibility of the Holding Company’s management and has been approved by the Holding Company’s Board of Directors. 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 Engagement. (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 enquiries, 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.

4. The statement includes the result of following entities:

Grip Polymers Limited Subsidiary Company GRIP Surya Recycling LLP LLP with majority Stake Marangoni GRP Limited Joint venture

1. Based on our review conducted as stated above 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 applicable Indian Accounting Standards (IND AS) specified under section 133 of the Companies Act, 2013 read with relevant rules issued there under and other recognised accounting practices and 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 read with SEBI Circular No. CIR/CFD/FAC/62/2016 dated 5[th ] July, 2016, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For D K P & Associates Chartered Accountants (Registration No. 126305W)

==> picture [128 x 67] intentionally omitted <==

D. K. Doshi

Partner Membership Number: 037148 UDIN: 21037148AAAAEW2206 Place: Mumbai Date: 30[th ] October, 2021

GRP Limited (CIN : L25191GJ1974PLC002555)

Registered Office : Plot No.8, GIDC Estate, Ankleshwar - 393 002 Dist. Bharuch, Gujarat

STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER & HALF YEAR ENDED 30th SEPTEMBER 2021

(₹ in Lakhs, except per share data)

GRP Limited(CIN : L25191GJ1974PLC002555) Registered Office : Plot No.8, GIDC Estate, Ankleshwar - 393 002 Dist. Bharuch, Gujarat	GRP Limited(CIN : L25191GJ1974PLC002555) Registered Office : Plot No.8, GIDC Estate, Ankleshwar - 393 002 Dist. Bharuch, Gujarat	GRP Limited(CIN : L25191GJ1974PLC002555) Registered Office : Plot No.8, GIDC Estate, Ankleshwar - 393 002 Dist. Bharuch, Gujarat	GRP Limited(CIN : L25191GJ1974PLC002555) Registered Office : Plot No.8, GIDC Estate, Ankleshwar - 393 002 Dist. Bharuch, Gujarat	GRP Limited(CIN : L25191GJ1974PLC002555) Registered Office : Plot No.8, GIDC Estate, Ankleshwar - 393 002 Dist. Bharuch, Gujarat	GRP Limited(CIN : L25191GJ1974PLC002555) Registered Office : Plot No.8, GIDC Estate, Ankleshwar - 393 002 Dist. Bharuch, Gujarat	GRP Limited(CIN : L25191GJ1974PLC002555) Registered Office : Plot No.8, GIDC Estate, Ankleshwar - 393 002 Dist. Bharuch, Gujarat	GRP Limited(CIN : L25191GJ1974PLC002555) Registered Office : Plot No.8, GIDC Estate, Ankleshwar - 393 002 Dist. Bharuch, Gujarat
STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THEQUARTER & HALF YEAR ENDED 30th SEPTEMBER 2021
(₹ in Lakhs, except per share data)
Sr No.	Particulars	Consolidated
		Quarter ended			Half Year ended		Year ended
		**30-09-2021 **	**30-06-2021 **	**30-09-2020 **	**30-09-2021 **	30-09-2020	31-03-2021
		Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
I II III IV V VI VII VIII IX X XI XII XIII XIV XV XVI XVII	Revenue from Operations (Gross) Less: Goods & Service Tax Revenue from Operations Other Income Total Income (I + II) Expenses (a) Cost of Materials consumed (b) Purchases of Stock-in-Trade (c) Changes in inventories of finished goods, Stock-in Trade and Work-in-progress (d) Employees benefits expense (e) Finance Costs (f) Depreciation & amortisation expense (g) Other Expenses Total Expenses (IV) Profit Before Share of Profit / (Loss) of Joint Ventures, Exceptional Items and Tax (III - IV) Share of Profit / (Loss) of Joint Ventures Profit/(Loss) before exceptional items and tax (V + VI) Exceptional Items Profit/(Loss) before tax (VII-VIII) Tax Expense (1) Current Tax (2) Deferred Tax Total Tax Expense Profit/(loss) for the period (IX-X) Other Comprehensive Income (i) Items that will not be reclassified to profit or loss (ii) Income tax relating to Items that will not be reclassified to profit or loss (iii) Items that will be reclassified to profit or loss (iv) Income tax relating to items that will be reclassified to profit or loss Total Other Comprehensive Income (XII) Total Comprehensive Income for the period (XI+XII) Profit for the year attributable to -Owners of the Company -Non-controlling interest Other comprehensive income for the year -Owners of the Company -Non-controlling interest Total comprehensive income for the year -Owners of the Company -Non-controlling interest Paid up Equity Share Capital (Face value of ₹ 10/- each) Other Equity excluding Revaluation Reserves as per Balance Sheet Earning Per share (Face value of ₹ 10/- each) (* Not Annualised) (1) Basic (2)Diluted	10,721.25 651.27	8,810.13 502.51	7,984.25 469.00	19,531.38 1,153.78	11,329.11 649.04	29,741.72 1,764.40
		10,069.98 27.71	8,307.62 28.88	7,515.25 21.49	18,377.60 56.59	10,680.07 35.47	27,977.32 187.32
		10,097.69	8,336.50	7,536.75	18,434.19	10,715.54	28,164.64
		5,076.72 - - 6.76 1,533.15 100.53 302.34 2,908.75	4,546.23 - (462.22) 1,315.58 92.93 296.01 2,490.17	3,635.74 - (99.69) 1,173.88 96.25 337.23 2,280.51	9,622.95 - (455.46) 2,848.73 193.46 598.35 5,398.92	5,033.79 - 4.94 2,072.84 309.07 635.68 3,286.36	13,304.81 - 239.48 4,876.90 539.97 1,265.66 7,864.27
		9,928.25	8,278.70	7,423.92	18,206.95	11,342.68	28,091.09
		169.44	57.80	112.82	227.24	(627.14)	73.55
		-	-	-	-	-	-
		169.44	57.80	112.82	227.24	(627.14)	73.55
		-	-	-	-	-	-
		169.44	57.80	112.82	227.24	(627.14)	73.55
		76.26 (243.59)	93.81 35.66	- 23.31	170.07 (207.93)	- (159.02)	(0.37) (92.99)
		(167.33)	129.47	23.31	(37.86)	(159.02)	(93.36)
		336.77	(71.67)	89.51	265.10	(468.12)	166.91
		(45.56) 10.33 42.58 (8.89)	(24.82) 6.90 (53.73) 13.26	(42.50) 11.05 124.87 (32.57)	(70.38) 17.23 (11.15) 4.37	(3.73) 0.97 (5.13) 1.17	26.14 (6.80) 340.37 (88.23)
		(1.54)	(58.39)	60.85	(59.93)	(6.72)	271.48
		335.23	(130.06)	150.36	205.17	(474.84)	438.39
		336.77 (0.00) (1.54) - 335.23 (0.00)	(71.67) (0.00) (58.39) - (130.06) (0.00)	89.51 0.00 60.85 - 150.36 0.00	265.10 (0.00) (59.93) - 205.17 (0.00)	(468.12) (0.00) (6.72) - (474.84) (0.00)	166.91 0.00 271.48 - 438.39 0.00
		133.33 - 25.26 * 25.26 *	133.33 - (5.38) (5.38)	133.33 - 6.71 * 6.71 *	133.33 - 19.88 * 19.88 *	133.33 - (35.11) (35.11)	133.33 13,024.76 12.52 12.52

(₹ in Lakhs) UNAUDITED CONSOLIDATED SEGMENT INFORMATION FOR THE QUARTER & HALF YEAR ENDED 30th SEPTEMBER 2021	(₹ in Lakhs) UNAUDITED CONSOLIDATED SEGMENT INFORMATION FOR THE QUARTER & HALF YEAR ENDED 30th SEPTEMBER 2021	(₹ in Lakhs) UNAUDITED CONSOLIDATED SEGMENT INFORMATION FOR THE QUARTER & HALF YEAR ENDED 30th SEPTEMBER 2021	(₹ in Lakhs) UNAUDITED CONSOLIDATED SEGMENT INFORMATION FOR THE QUARTER & HALF YEAR ENDED 30th SEPTEMBER 2021	(₹ in Lakhs) UNAUDITED CONSOLIDATED SEGMENT INFORMATION FOR THE QUARTER & HALF YEAR ENDED 30th SEPTEMBER 2021	(₹ in Lakhs) UNAUDITED CONSOLIDATED SEGMENT INFORMATION FOR THE QUARTER & HALF YEAR ENDED 30th SEPTEMBER 2021	(₹ in Lakhs) UNAUDITED CONSOLIDATED SEGMENT INFORMATION FOR THE QUARTER & HALF YEAR ENDED 30th SEPTEMBER 2021	(₹ in Lakhs) UNAUDITED CONSOLIDATED SEGMENT INFORMATION FOR THE QUARTER & HALF YEAR ENDED 30th SEPTEMBER 2021
Sr No.	Particulars	Consolidated
		Quarter ended			Half Year ended		Year ended
		**30-09-2021 **	**30-06-2021 **	**30-09-2020 **	**30-09-2021 **	30-09-2020	31-03-2021
		Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
1 2 3 4	Segment Revenue a) Reclaim Rubber b) Others Revenue from Operations (Gross) Less: Goods and Service Tax Revenue from Operations Segment Results Profit/(Loss) Before Tax & Interest from each segment a) Reclaim Rubber b) Others Total Less: Finance Costs Less: Other unallocable expenses net of unallocable income Less: Share of (Profit) / Loss of Joint Ventures Profit/(Loss) before tax Segment Assets a) Reclaim Rubber b) Others c) Unallocated Assets Total Segment Assets Segment Liabilities a) Reclaim Rubber b) Others c) Unallocated Liabilities Total Segment Liabilities	9,754.00 967.25	8,063.04 747.09	7,570.17 414.08	17,817.04 1,714.34	10,746.51 582.60	27,497.40 2,244.32
		10,721.25 651.27	8,810.13 502.51	7,984.25 469.00	19,531.38 1,153.78	11,329.11 649.04	29,741.72 1,764.40
		10,069.98	8,307.62	7,515.25	18,377.60	10,680.07	27,977.32
		592.14 108.37	559.04 (18.63)	561.91 4.12	1,151.18 89.74	313.08 (39.93)	1,882.75 156.18
		700.51	540.41	566.03	1,240.92	273.15	2,038.93
		100.53 430.54 -	92.93 389.68 -	96.25 356.95 -	193.46 820.22 -	309.07 591.22 -	539.97 1,425.41 -
		169.44	57.80	112.82	227.24	(627.14)	73.55
		19,269.55 3,640.81 3,578.46	17,764.14 2,777.71 2,833.38	17,057.53 3,007.27 3,876.25	19,269.55 3,640.81 3,578.46	17,057.53 3,007.27 3,876.25	18,389.35 2,934.70 3,448.90
		26,488.82	23,375.23	23,941.05	26,488.82	23,941.05	24,772.95
		3,218.86 286.73 9,653.33	2,839.97 180.39 7,326.81	2,837.58 179.99 8,502.63	3,218.86 286.73 9,653.33	2,837.58 179.99 8,502.63	2,428.16 231.92 8,954.78
		13,158.92	10,347.17	11,520.20	13,158.92	11,520.20	11,614.86

UNAUDITED CONSOLIDATED STATEMENT OF ASSETS & LIABILITIES	UNAUDITED CONSOLIDATED STATEMENT OF ASSETS & LIABILITIES	(₹ in Lakhs)	(₹ in Lakhs)
Sr **No. **	Particulars	Consolidated
		AS AT 30-09-2021	AS AT 31-03-2021
		Unaudited	Audited
1 2	ASSETS NON-CURRENT ASSETS Property, Plant and Equipment Capital Work in progress Right to use Investment Property Other Intangible assets Intangible assets under development Financial Assets - Investments - Others Other Non-current assets Total Non-Current Assets CURRENT ASSETS Inventories Financial Assets - Trade receivables - Cash and cash equivalents - Other Bank balances - Other Financial assets Current Tax Assets (Net) Other Current Assets Total Current Assets	9,543.50 175.61 1,314.55 103.75 10.65 11.79 17.56 0.35 604.71	9,943.90 161.83 972.06 104.91 11.56 31.49 17.18 0.35 286.85
		11,782.47	11,530.13
		4,868.14 7,113.89 1,307.06 8.07 403.40 101.55 904.24	4,335.75 6,390.90 1,373.68 9.29 235.04 149.21 748.94
		14,706.35	13,242.81
	TOTAL ASSETS	26,488.82	24,772.94
1 2 2A **2B **	EQUITY AND LIABILITIES EQUITY Equity Share Capital Other Equity Equity attributable to Owners of the Company Non-Controlling Interests Total Equity LIABILITIES NON-CURRENT LIABILITIES Financial Liabilities - Borrowings - Lease Liabilities - Other Financial liabilities Provisions Deferred Tax Liabilities (Net) Total Non-Current Liabilities CURRENT LIABILITIES Financial Liabilities - Borrowings - Lease Liabilities - Trade Payables - Dues of micro and small enterprises - Dues of creditors other than micro and small enterprises - Other Financial Liabilities Other Current Liabilities Provisions Total Current Liabilities Total Liabilities	133.33 13,196.57	133.33 13,024.76
		13,329.90 0.04	13,158.09 0.04
		13,329.94	13,158.13
		1,325.44 21.05 8.50 164.60 1,353.18	1,572.72 36.49 9.00 74.25 1,565.47
		2,872.77	3,257.93
		6,661.97 36.19 199.85 1,725.29 137.48 1,446.52 78.81	5,536.42 43.84 198.59 1,379.74 114.32 982.39 101.58
		10,286.11	8,356.88
		13,158.88	11,614.81
	TOTAL EQUITY AND LIABILITIES	26,488.82	24,772.94

UNAUDITED CONSOLIDATED CASH FLOW STATEMENT	UNAUDITED CONSOLIDATED CASH FLOW STATEMENT	(₹ in Lakhs)	(₹ in Lakhs)
Sr **No. **	Particulars	Consolidated
		Half Year ended
		30-09-2021	30-09-2020
		Unaudited	Unaudited
A B C D	Cash Flow from Operating Activities Profit before exceptional items and tax Adjustments for: Depreciation (Profit) / Loss on sale of Property, plant and equipment (Net) Amortization of Deferred Income Interest Income Interest Expense Rent Income Provision for Expected credit loss Employee benefits expenses Exchange difference	227.24 598.35 100.88 (0.50) (9.78) 193.46 (1.50) 21.44 (2.81) (62.23)	(627.14) 635.68 - (0.50) (19.41) 309.07 (1.50) - - (7.76)
	Operating Profit before working capital changes	1,064.56	288.44
	Adjustments for (Increase)/Decrease in Trade and other receivables (Increase)/Decrease in Inventories Increase/(Decrease)in Trade and otherpayable	(1,157.85) (532.39) 809.81	2,142.83 949.19 (418.11)
	Cashgenerated from operations	184.12	2,962.35
	Direct taxespaid(net of refund)	(105.18)	(2.81)
	Net Cashgenerated from Operating Activities	78.94	2,959.54
	Cash Flow from Investing Activities Interest received Sale proceeds of Property, plant and equipment Rent Income Fixed Deposits in Bank Purchase of Property, plant and equipment	13.06 47.61 1.50 - (836.88)	32.45 7.33 1.50 (0.01) (223.54)
	Net Cash used in Investing Activities	(774.71)	(182.27)
	Cash Flow from Financing Activities Loans repaid (Net of borrowings) Interest paid Payment of Lease Liabilities Dividend & Dividend taxpaid	877.00 (191.44) (23.08) (33.33)	(1,586.48) (317.60) (25.56) -
	Net Cash used in Financing Activities	629.15	(1,929.64)
	Net Increase / (Decrease) in Cash and cash equivalents (A + B + C) Cash and cash equivalents as at 1st April Cash and cash equivalents as at 30th September	(66.62) 1,373.68 1,307.06	847.63 824.62 1,672.25

NOTES

• 1 These results have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard (Ind AS) prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder and other accounting principles generally accepted in India.

• 2 The above results for the quarter and half year ended 30th September, 2021 have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at their meeting held on 30th October, 2021 and the same was subjected to "Limited Review" by the Statutory Auditors of the Company, as required under Regulation 33 of SEBI (Listing Obligations and Disclosures requirements) Regulations, 2015.

• 3 Based on the “management approach” as defined in Ind AS 108 – Operating Segments, the Chief Operating Decision Maker (CODM) evaluates the Group’s performance and allocates resources based on an analysis of various performance indicators of business segment/s in which the Group operates, 'Reclaim Rubber' has been identified as reportable segment and smaller business segments not separately reportable have been grouped under the heading 'Others'.

• 4 Deferred tax for the half year ended 30th September, 2021 includes onetime impact of ₹ 107.68 lakhs being reversal of opening deferred tax liability due to reduction in tax rate applicable to the Parent Company by Finance Act (No. 2) 2019.

• 5 Figures for the previous period are regrouped/reclassified wherever necessary, to make them comparable.

FOR GRP LIMITED

HARSH Digitally signed by HARSH RAJENDRA RAJENDRA GANDHI GANDHI Date: 2021.10.30 18:57:27 +05'30'

Place : Mumbai Date : 30th October, 2021

HARSH R. GANDHI JOINT MANAGING DIRECTOR