Gujarat Raffia Ind. Ltd. — Interim / Quarterly Report 2021

Aug 14, 2021

Gujarat Raffia Industries Limited

CIN: L17110GJ1984PLC007124 .

Regd. Off: Plot No. 455, Santej-Vadasar Road, Village: Santej Taluka: Kalol - 382721 Phone.:(91- 79) 29702373/29702606 Fax: (91-79) 79 -29702614 Web Site: www.griltarp.com E-mail: cs@griltarp.com

Date: August 14, 2021

To, General Manager Manager Department of Corporate Services, Listing Department Dalal Street, Mumbai — 400 001 Bandra (E), Mumbai — 400 051 Scrip Code: 523836 NSE Symbol: GUJRAFFIA

BSE Limited, National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers, Exchage Plaza, Bandra-kurla Complex,

Sub: Outcome of Meeting of Board of Directors held on August 14, 2021

Dear Sir/Madam,

With reference to captioned subject, this is to inform you that following business were transacted in the meeting of board of directors of the company held on August 14, 2021

• 1. On recommendation of audit committee, board of directors has approved unaudited Financial Results for the quarter ended on 30™ Day of June 2021, along with Limited Review Report . thereon.
• 1. Mr. Dhaval Patel submitted his resignation from the position of Company Secretary and Compliance Officer of the Company due to his personal reasons and he will be relieved from his duties with effect from 14" August, 2021. Consequent to his resignation, he ceased to be Key Managerial Person of the Company. Board of Directors has accepted his resignation.

We are enclosing herewith financial results along with limited review report there on for your record.

The Board of Directors meeting was commenced at {2.:.0@ and concluded at 32+390.0,.™M-

Kindly take the same on your records.

Thanking you.

FOR GUJARAT RAE S LIMITED

Pradeep Bhutoria Managing Director Encl:- As Above

	Gujarat Raffia Industries Limited
	CIN : L17110GJ1984PLC007124 Regd. Office: Plot No. 455, Santej-Vadasar Road, Santej, Kalol, Gandhinagar, Gujarat - 382721.
	Statement of unaudited Standalone results for the Quarter ended June 30, 2021
			Quarter ended on		(Rs in lakhs) Year ended on
	Particulars	30.06.2021 31.03.2021 30.06.2020			31.03.2021
	income from Operations	Unaudited	Audited :	Audited	Audited
	{Revenue from operation Other Income	941.85 4.97	1,020.80 27.62	1,186.23 2.12	3,879.34 30.99
il	Total Income (1+ Il) IV Expenses	946.82	1,048.42	1,188.35	3,910.33
	a) Cost of Material Consumed b} Purchase of Stock in Trade	876.94 -	510.99	672.57 -	2,438.12 -
	c) Changes in inventories of finished goods, work-in-progress and stock-in-trade	-220.89	24.70	306.81	310.53
	d) Employee Benefit Expense e) Finance cost	89.05 2.90	122.39 7.90	47.50 4.78	301.90 18.95
	f) Depreciation & amortization g) Other Expenditure	24.00 136.94	98.34 232.17	15.11 111.68	143.67 571.71
	Total Expenses (IV)	908.94
			996.49	1,158.45	3,784.88
	V Profit/(Loss) before extra ordinary and exceptional Items and tax (Ill - IV) :	37.88	51.93	29.90	125.45
	VI{Exceptional Items VII} Profit/(Loss)before extra ordinary Items and tax (V -VI)	: 37.88	: 51.93	: 29.90	- 125.45
	VIIIExtra Ordinary Items IX Profit / (Loss)before Tax (VII- VIII )	- 37.88	- 51.93	- 29.90	- 125.45
	X Tax expense {i) Current Tax	5.91	10.18	4.50	21.60
	{ii) Deferred Tax (iii) Adjustment to tax relating to earlier period	- -	- -15.12	-	- -15.12
	Profit (Loss) for the period from continuing operations (Ix + XIX)	31.97	56.87	25.40	118.97
	XII Profit/(loss) from discontinuing operations XIll Tax expense of discontinuing operations	- :	- :	- -	- -
	Profit/(loss) from Discontinuing operations (after tax) XIV (XH - XII)	-	-	-	-
	XV Profit (Loss) for the period (XI + XIV) XVI} Other Comprehensive Income:	31.97	56.87	25.40	118.97
	A. (i) Items that will not be reclassifled to profit or loss (i) WiCOrne tax celaling iu iients inat will noi ve reciassified
	to profit or loss B. (i) tems that will be reclassified to profit or loss	-	-	-
	(ii) Income tax relating to items that will be reclassified to profit or loss				-
	Comprehensive Income XVIl Total period for the (XV + XVI) Other comprehensive Income for Comprising Profit (Loss) and
	the period } Share of Profit / (loss) of associates *	-	-	-	-
	Minority Interest*	-	-	-	-
	16 Net Profit / (Loss) for the year XVIII Paid up equity share capital	31.97 540.45	56.87 540.45	25.40 540.45	118.97 540.45
	Face value of equity share capital 18 Reserve excluding Revaluation Reserves	10.00 -	10.00 -	10.00 -	10.00 1,256.70
	XIX Earnings Per Share (for continuing operation): a) Basic	0.59			2.20

	XXjEarnings Per Share (for discontinued operation) a) Basic
	b) Diluted	-
	XXI Earnings Per Share (for discontinued & continuing operation) a) Basic	0.59	1.05	0.47	2.20
	b) Diluted	0.59	1.05	0.47	2.20
	NOTES:
	1 The Financial Results have been reviewed and recommended by Audit committee of the Board and approved and adopted by Boad of Directors at its meeting held on 14th August, 2021.
	2 This statements has been prepared in accordance with the Companies ( Indian Accounting Standard ) Rules,2015 - IND AS prescribed under sec- 133 of the companies Act, 2013 read with the Companies( Indian Rules, 2015 as amended by the Companies Accounting Standards) ( Indian Accounting Standards ) (Amendment) Rules, 2016 and other recognised accounting practices and policies to the extent applicable and in terms of Regulation 33 of SEBI( Listing Obligation and Disclosure Requierment ) Regulations, 2015.
	3 The statutory auditors. have carried out a limited review of these results for the quarter ended June 30,2021.
4 As per the definition of Reportable segment in Accordance with Accounting standard 17 of Segment Reporting issued by Institute of Chartered Accountant of india, the company has only one reportable segment ie. manufacturing of P.E. Tarpaulin, HDPE/P.P Woven Sacks, Fabrics Business. Hence, separate disclosure for segment reporting is not applicable to the company.
	5 The Company does not have any subsidiary / associate.
	6 To facilitate Comparision , figures of previous periods has been regrouped and rearranged, necessary.				whereever
	Place: Santej Date: 14th Aug, 2021	Pradeep Bhutoria (Managing Director)	BY ORDER OF THE BOARD OF DIRECTORS, OR, Gujarat Rafffg-mdustries A		Limited
		(DIN : 00284808)

• 1 The Financial Results have been reviewed and recommended by Audit committee of the Board and approved and adopted by Boad of Directors at its meeting held on 14th August, 2021.
• 2 This statements has been prepared in accordance with the Companies ( Indian Accounting Standard ) Rules,2015 - IND AS prescribed under sec- 133 of the companies Act, 2013 read with the Companies( Indian Accounting Standards) Rules, 2015 as amended by the Companies ( Indian Accounting Standards ) (Amendment) Rules, 2016 and other recognised accounting practices and policies to the extent applicable and in terms of Regulation 33 of SEBI( Listing Obligation and Disclosure Requierment ) Regulations, 2015.
• 3 The statutory auditors. have carried out a limited review of these results for the quarter ended June 30,2021.
• 4 As per the definition of Reportable segment in Accordance with Accounting standard 17 of Segment Reporting issued by Institute of Chartered Accountant of india, the company has only one reportable segment ie. manufacturing of P.E. Tarpaulin, HDPE/P.P Woven Sacks, Fabrics Business. Hence, separate disclosure for segment reporting is not applicable to the company.
• 5 The Company does not have any subsidiary / associate.
• 6 To facilitate Comparision , figures of previous periods has been regrouped and rearranged, whereever necessary.

Pradeep Bhutoria

Ph.079-26400816/17

A. N. Ruparel & Co.

CHARTERED ACCOUNTANTS

602, Abhishree Avenue, Opp. Hanumanji Temple, Nehrunagar Cross Road, Ambavadi, Ahmedabad -380015

Limited Review Report

Review report to: The Board of Directors Gujarat Raffia Industries Limited

We have reviewed the accompanying statement of unaudited financial results of Gujarat Raffia Industries Limited ("the Company") for the quarter ended 30th June ,2021 ("the Statement") attached herewith, being submitted by the company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015, read CIR/CFD/CMD1/80/2019 dated 19thJuly, 2019. with SEBI Circular No.

This statement is the responsibility of the Company's Management and has been approved by the Board of Directors. Our responsibility is to issue a report on these financial statements based on our review.

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. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

A. N. Ruparel & Co.

Ph. 079-26400816/17 CHARTERED ACCOUNTANTS

602, Abhishree Avenue, Opp. Hanumanji Temple, Nehrunagar Cross Road, Ambavadi, Ahmedabad -380015

Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results prepared in accordance with applicable accounting standards and other recognized accounting practices and policies has not disclosed the information required to be disclosedin terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD1/80/2019 dated 19th July, 2019, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For, A. N. Ruparel 8 Co. Chartered Accountants/pare AHMEDABAD M.NO.46392 (Atul N. Rúparel) Proprietor M. No.: 046392 ed Acco Firm No.: 113413W UDIN: 21046392AAAAMW3948

Place: Ahmedabad Date: 14/08/2021