HARDCASTLE & WAUD MANUFACTURING COMPANY LIMITED HARDCASTLE & WAUD MANUFACTURING COMPANY LIMITED

Regd. Off.: Mall Office,2nd Floor, Metro Junction Mall of West Pioneer Properties (1) Pvt Ltd, Netivali, Kalyan (E), rhane-421306 Tel. No. :022·22837658 Fax: 022-·22873176 CIN No.: L99999MH1945PLC004581 E-mail Id: [email protected] Website: www.hawcoindia.in Regd. Off : Mall Office,2nd Floor, Metrolunction Mall of west Pioneer Properties (l) Pvt Ltd, Netivali, KalYan (L), I'hane - 4)1306 l-e-'|. No.;022 D8.37658 lax 022 ^22813176 CIN No, : 199999MH1945P1C004581 E-mailld:ho@hawcoindia'com Website:www'hawcoindia'in

16.06.2021 16.06.2021

To, To,

BSE Ltd Phiroz Jeejeebhoy Towers Dalal Street Mumbai 400 001 BSE Ltd Phi roz JeejeebhoY Towers Dalal Street Mumbai400 001

Dear Sirs, Dear Sirs,

Re : Submission of audited Financial Results of the Company for the quarter and year ended 31st March, ²⁰²¹ pursuant to Regulations ³⁰ & ³³ of SEBI (LOADR) Regulations, 2015. Re : submission of audited Financial Results of the company fo1t.h-e3ulrrter and year ended 31.t March , ZOZI pursuant to Regulations 30 & 33 of SEBI (LOADR) Regulations, 2015'

We enclose herewith in respect of our Company: We enclose herewith in respect of our Company:

a) audited financial results for the financial year 2020-2021 and for the quarter ended 31st March, 2021 along with audit report; a) audited financial results for the financial year 2020-2021 and for the quarter ended 31't March, 2021 along with audit report;
b) ^a statement of cashflows for the year ended 31st March, 2021; and b) a statement of cashflows for the year ended 31't March, 2021, and
c) ^a statement of assets and liabilities as at the end of the financial year 2020-2021. c) a statement of assets and liabrlities as at the end of the financial year 2020-2021'

as approved by the Board of Directors of the Company at its meeting held today. as approved by the Board of Directors of the Company at its meeting held today'

Also, enclosed herewith is ^a declaration with respect to Audit Report with unmodified opinion on the Audited Financial Results of the Company for the quarter and year ended 31st March, 2021. Also enclosed herewith is a declaration with respect to Audit Report with unmodified opinion on the Audited Frnancial Results of the Company for the quarter and year ended 31't March, 2021'

Please note that the Board did not recommend any dividend on Equity Shares. Please note that the Board did not recommend any dividend on Equity shares.

Kindly take above information on record. Kindly take above information on record

Thanking you, Thanking you,

Yours faithfully, For Hardcastle & Waud Manufacturing Company Limited Yours faithfully, For Hardcastie & Waud Manufacturing Company Limited

Smita Achrekar Company Secretary & Compliance Officer Smita Achrekar Company Secretary & Compliance Officer

Encl: a/a Enct : a/a

?----- - ------ - 0 ----- - - ---- - ----- ------ Chartered Accountants 3rd & 4th Floor, Vaastu Darshan, 'B'wing, Above Central Bank of India, Azad Road, Andheri (East), Mumbai - 400 069. Tel. : 022- 6191 9293 / 222 /200 Fax : 022- 2684 2221 I 6191 9256 E-mail : [email protected] [email protected] & tants ---- ------ ----- - Chartered -- Accoun Co 3rd & 4th Floor, Vaastu Darshan, 'B'wing, Above Central Bank of lndia, Azad Road, Andheri (East), Mumbai - 400 069. Tel. :022- 6191 9293 I ZZZ IZOO Fax : 022- 2684 2221 I 6191 9256 E-mail : [email protected] [email protected]

-- - & C ?-----

Independent Auditor's Report on the Quarterly and Year to Date Financial Results of the Company pursuant to the regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended lndependent Auditor's Report on the Quarterly and Year to Date Financial Results of the Company pursuant to the regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 20L5, as amended

To the Board of Directors of Hardcastle & Waud Manufacturing Co. Ltd To the Board of Directors of Hardcastle & Waud Manufacturing Co. Ltd

Report on the audit of the Financial Statements Report on the audit of the Financial Statements

Opinion Opinion

We have audited the accompanying statement of Financial Results of Hardcastle & Waud Manufacturing Co. Ltd ("the Company"), for the quarter and year ended March 31, 2021 attached herewith, being submitted by the company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended {"Listing regulations"}. We have audited the accompanying statement of Financial Results of Hardcastle & Waud Manufacturing Co. Ltd ("the Company"), for the quarter and year ended March 31, 202L attached herewith, being submitted by the company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2O!5, as amended ("Listing regulations").

In our opinion and to the best of our information and according to the explanations given to us, the financial results: ln our opinion and to the best of our information and according to the explanations given to us, the financial results:

i. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and i. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
ii. give ^a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards and other accounting principles generally accepted in India of the total comprehensive loss (comprising profit and other comprehensive loss for the year) and other financial information for the quarter and year ended March 31, 2021. ii. give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards and other accounting principles generally accepted in lndia of the total comprehensive loss (comprising profit and other comprehensive loss for the year) and other financial information for the quarter and year ended March 3L,202t.

Basis for Opinion Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10} of the Companies Act, 2013 {the Act). Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Financial Results section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial results under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAl's Code of Ethics. We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013 (the Act). Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Finonciol Results section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the lnstitute of Chartered Accountants of lndia together with the ethical requirements that are relevant to our audit of the financial results under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the lCAl's Code of Ethics.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide ^a basis for our audit opinion. We believe that the audit evidence we have obtained is sufficient and appropriate to provide ^a basis for our audit opinion.

Emphasis of Matter Emphasis of Matter

We draw attention to Note ⁴ of the financial results which describes the possible effect of uncertainties relating to COVID-19 pandemic on the Company's financial performance as assessed by the management. We draw attention to Note 4 of the financial results which describes the possible effect of uncertainties relating to COVID-19 pandemic on the Company's financial performance as assessed by the management.

Our opinion is not modified in this matter. Our opinion is not modified in this matter.

Other Matters Other Matters

Due to COVID-19 pandemic and the lockdown and other restrictions imposed by the Government and local administration, the audit processes were carried out based on the remote access to the extent available/feasible and necessary records made available by the management through digital medium. Due to COVID-19 pandemic and the lockdown and other restrictions imposed by the Government and local administration, the audit processes were carried out based on the remote access to the extent available/feasible and necessary records made available by the management through digital medium.

The statement includes the results for the quarter ended March 31, ²⁰²¹ being the balancing figures between the audited figures in respect of the full financial year ended March 31, ²⁰²¹ and the published unaudited year to date figures up to the third quarter of the current financial year, which were subject to limited review by us, as required under the Listing Regulations. Our opinion is not modified in these matters. The statement includes the results for the quarter ended March 31,,2021being the balancing figures between the audited figures in respect of the full financial year ended March 3L, ZOZI and the published unaudited year to date figures up to the third quarter of the current financial year, which were subject to limited review by us, as required under the Listing Regulations. Our opinion is not modified in these matters.

Management's and Board of Directors' Responsibilities for the Financial Results Management's and Board of Directors' Responsibilities for the Financial Results

These quarterly financial results as well as the year to date Financial Results have been prepared on the basis of the audited financial statements. The quarterly financial results are the balancing figures between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year, which were subject to limited review. These quarterly financial results as well as the year to date Financial Results have been prepared on the basis of the audited financial statements. The quarterly financial results are the balancing figures between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year, which were subject to limited review.

The Company's Management and Board of Directors are responsible for the preparation and presentation of the financial results that give ^a true and fair view of the net profit and other comprehensive loss and other financial information in accordance with the recognition and measurement principles laid down in Indian Accounting Standards prescribed under section 133 of the Act, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation ³³ of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgements and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls that were operating The Company's Management and Board of Directors are responsible for the preparation and presentation of the financial results that give a true and fair view of the net profit and other comprehensive loss and other financial information in accordance with the recognition and measurement principles laid down in lndian Accounting Standards prescribed under section 133 of the Act, read with relevant rules issued thereunder and other accounting principles generally accepted in lndia and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgements and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls that were operating

effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Financial Results that give ^a true and fair view and is free from material misstatement, whether due to fraud or error. effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Financial Results that give a true and fair view and is free from material misstatement, whether due to fraud or error.

In preparing the Financial Results, the Management and the Board of Directors are responsible for assessing the Company's ability to continue as ^a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. ln preparing the Financial Results, the Management and the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The Board of Directors are also responsible for overseeing the Company's financial reporting process. The Board of Directors are also responsible for overseeing the Company's financial reporting process.

Auditor's Responsibilities for the Audit of the Financial Results Auditor's Responsibilities for the Audit of the Financia! Results

Our objectives are to obtain reasonable assurance about whether the Financial Results as ^a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is ^a high level of assurance, but is not ^a guarantee that an audit conducted in accordance with SAs will always detect ^a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Financial Results. Our objectives are to obtain reasonable assurance about whether the Financial Results as ^a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect ^a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Financial Results.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

i. Identify and assess the risks of material misstatement of the Financial Results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide ^a basis for our opinion. The risk of not detecting ^a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. i. ldentify and assess the risks of material misstatement of the Financial Results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
ii. Obtain an understanding of internal financial control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of such controls. ii. Obtain an understanding of internal financial control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of such controls.
iii. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Management and the Board of Directors. iii. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Management and the Board of Directors.
iv. Conclude on the appropriateness of the Management and the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether ^a material uncertainty exists related to events or conditions that may cast significant doubt on the Company'sability to continue as ^a going concern. If we conclude that ^a material uncertainty exists, we are required to draw attention in our iv. Conclude on the appropriateness of the Management and the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. lf we conclude that a material uncertainty exists, we are required to draw attention in our

auditor's report to the related disclosures in the financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as ^a going concern. auditor's report to the related disclosures in the financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.

v. Evaluate the overall presentation, structure and content of the Financial Results, including the disclosures, and whether the Financial Results represent the underlying transactions and events in ^a manner that achieves fair presentation. v. Evaluate the overall presentation, structure and content of the Financial Results, including the disclosures, and whether the Financial Results represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal controlthat we identify during our audit.

We also provide those charged with governance with ^a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

For GMJ & Co. Chartered Accountants FRN: 103429W For GMJ & Co. Chartered Accountants FRN:103429W

lld/y· ,/^/k

CA Atul Jain Partner Membership No. 037097 UDIN: 21037097AAAADH2928 CA AtulJain Partner Membership No. 037097 U DI N : 2L037 097 AAAAD H2928

Place: Mumbai Date: is" June, ²⁰²¹ Place: Mumbai Date: 16th June, 2021

?-----------	HARDCASTLE HAROCASTLE & WAUD MFG CO. LTD & WAUD MFG CO. LTD Regd. Off: Mall office, II Floor, Metro Junction Mall of west Pioneer prop€rties (India) private Ltd, Regd. Off: Mall Office, II Floor, Metro Junction Mall of West Pioneer Properties (India) Private Ltd, Netivali Baug, Kalyan 421306 Netivali Baug, Kalyan 421306 Tet. No.022 22837558 Fax No.022 22A73L76 Tel. No. 022 22837658 Fax No. 022 22873176 CIN : L99999MH1945pLC004581 - Website : www.hawcoindia.in L99999MH1945PLC004581 CIN: - Website: www.hawcoindia.in
---	Statement of Financial Results	!_<:r:_t_he Quarter/Year	Ended	31.03.2021	--	- -
	- - ------				--	(? in Lakhsl
Sr. Sr.		)ua r Quarter Ended			Year Ended Year Ended
No No	,a rticu la rs Particulars	31.03.2021 31.03.2021 Audited Audited	31.12.2020 31.12.2020 Unaudited	31.03.2020 31.03,2020 Audlted Audited	31.03.2021 31.03.2021 Audited	31.03.2020 31.03.2020 ludlted Audited
I	Revenue Revenue from Operations from Operations	111.10 111.10	79.00 79.00	146.50 146,50	319.08 3 19.08	352.00
II II	Other Income Other Income	1.31 1.31	4.88 4.88	3.42	13.66	352.00
IIT Ill	rorar rncome (I+tt) Total Income (1+11)	LL2.4t 112.41	83.88 83.E8	3.42 149.92	13.66 332.74	16.51 15.51
IV	Expenses Expenses			149,92	332.74	368.s1 368.51
---.1	Purchases of Stock-in-Trade	39.36	16.06	37.63
	Changes in Inventories of Stock-in-Trade		9.98	(23.55)	1A 71.42 26.41	94.77
	Employee Employee Eenefits Expenses Benefits Expenses	18.93	20.31	19.26	70.18	(23.47) 60.78
	Finance Costs Finance Costs			0.01	0.06	0.05
	Depreciation and Amortisation Expenses	13.22	13.31	10.60	47.41	40.45
	Other Expenses ---l Other Expenses	24.52	13.09	21.28	60.94	72.28
	Total Exoenses	96.03	72.75	65.23	276.42	244.86
V	Profit before exceptional items and /Ill-IV) tax	16.38	U13	84.69	56.32	123.65
VI Vil	Exceptional Items em5 Profit before
VIII	extraordinary items and (V - vn tax Extraordinary items	16.38	11.13	84.69	56.32	123.65
IX	Profit before tax (VII- VIII) Profit before (VII· tax VIII)	-
x X	Tax Erpense Tax Expense	16.38	11.13	84.69	56.32	123.65
	Current Tax
	Current Tax Deferred Tax	4.55	3.26	12.96	11.56	15.13
	Deferred Tax	(3.7r' (3.71)	2.03 2.03	8.22 8.22	43.85 43.85	2r.73 21.73
	PrOvrSlOn lOr Earlier Years Provision for Earlier Years	(0.01)		(3.33)	(0.01)	(3.33)
XI XI	Profit for the period,/year (IX-X) Profit for the period/year (IX-X)	15.55 15.55	5.84 5.84	66.84 66.84	0.92 0.92	90.12 90.12
xrl XII	Other Comprehensive Income Other Comprehensive Income
	A (i) tems that will not be reclassified to Crcfit o.6os9 A (i) items that wilt not be reclassified to Profit or (Loss)	(49.4L (49.41)	0.48 0.48	(356.56) r 156.55	(45.34)	(354.18) 4 354.18
	(ii)Income tax relating to items that wtll not be reclassified to profit tax relating to items that will not be reclassified to Profit or (Lossl	10.27 10.27	(0.05) (0.0s	92.08 92.08	25.29 25.29	93.04 93,04
	B (i) items that will be reclassified to ercflt or 1Los9 B (i) items that will be reclassified to Profit or (Loss)
	(ri)lncome tax relatirg to itenrs ttrat *itt be recjasifieZl6 (1i)Income tax relating to items that will be reclassified to Profit or !(Loss\
	Total of Other Comprehensive Income / (Loss) Total of Other Comprehensive Income/ (Loss), , net of tax net of tax	(a (39.14)	o.43 0.43	(264.48) I 264-4A'	(20.05)	(261.14) ( 261.1
XIII	Total Comprehensive Income (XI+XII) (Comprising (Loss) and other Comprehensive tncome/(Loss) for the Proflt/(Loss) and Comprehensive other Income/(Loss) for the period/year)	(23.s9) (23.59)	6.27 6.27	(197.64) ( 1e7.64)	(19.13) ( 1s.13)	(171.0:1.j (L7L.OZ1
xr! XIV	Paid-up equrry snare capttat - (Face value of Rs. 1ol- each) equity share capital· (Face Value of Rs. 10/- each)	67.95 67.95	67,95 67.95	67.95 67.95	67.95 67.95	67.95 67.95
xv	Earninas per share of Rs 10/- each, {Not annualised ) :
	a) Basic a) Sasic fin ?) (in fl	2.29 2.29	0.86	a4 9.84	0.14	13.26
	b) Diluted b) Diluted (in a) (in f)	2.29	0.86	9.84	0.14	13.26 13.26
xv XVI	Reserve Resewe excluding revalautjon reserues as Oer balancesheet of excluding revalaution as per balancesheet of reserves previous accounting year

Sr.			Quarter ended		Year Ended	(र in Lakhs)
No	Particulars	31.03.2021 Audited	31.12.2020 Unaudited	31.03.2020 Audited	31.03.2021 Audited	31.03.2020 Audited
$\mathbf I$	Segment Revenue
	a) Trading	62.83	39.65	23.80	154.78	115.03
	b) Investments	6.74	1.75	5.33	10.36	12.14
	c) Leasing	41.53	37.60	117.37	153.94	224.83
$\mathtt{II}$	Total	111.10	79.00	146.50	319.08	352.00
	Segment Results - Profit before tax and interest a) Trading
	b) Investments	22.82	12.82	9.69	55.16	42.76
	c) Leasing	6.73 25.95	1.75 21.13	5.34	10.35	12.14
	Total	55.50	35.70	108.93 123.96	94.99 160.50	182.27
	less : Interest	$\overline{\phantom{a}}$	ä,	(0.01)	(0.06)	237.17
	Less : Extra-Ordinary Items	i.	٠	×	$\overline{\phantom{a}}$	(0.05) $\overline{\phantom{a}}$
	Add : All other un-allocable (expenditure)/income	(39.12)	(24.57)	(39.26)	(104.12)	(113.47)
III	Total Profit Before Tax	16.38	11.13	84.69	56.32	123.65
	Segment Assets a) Trading
	b) Investments	75.52	48.58	64.09	75.52	64.09
	c) Leasing	1,604.14	1,587.43	1,605.31	1,604.14	1,605.31
	Total	1,945.75 3,625.41	1,917.24 3,553.25	1,947.96 3,617.36	1,945.75	1,947.96
	Add: Unallocated Corporate Assets	120.81	228.42	147.49	3,625.41	3,617.36
	Total	3,746.22	3,781.67	3,764.85	120.81 3,746.22	147.49 3,764.85
IV	Segment Liabilities
	a) Trading b) Investments	$\overline{\phantom{a}}$	18.25	1.17	$\overline{\phantom{a}}$	1.17
	c) Leasing	$\omega$	ä,	ä,	$\overline{\phantom{a}}$	×.
	Total	233.14 233.14	221.68 239.93	224.17 225.34	233.14	224.17
	Add: Unallocated Corporate Liabilities	22.55	27.61	29.84	233.14 22.55	225.34 29.84
	Total	255.69	267.54	255.18	255.69	255.18
	Add: Net Worth Total	3,490.53	3,514.13	3,509.67	3,490.53	3,509.67
		3,746.22	3,781.67	3,764.85	3,746.22	3,764.85
		Statement of Assets & Liabilities
						(₹ in Lakhs)
					As at 31-03-2021	As at 31-03-2020
	ASSETS				Unaudited	Unaudited
	Non-current assets
	Property, Plant and Equipment
	Capital work-in Progress				420.91 24.05	360.41
	Investment Properties				1,509.96	26.76 751.68
	Financial Assets
	Investments				1,292.79	1,483.03
	Deferred tax assets (net)				67.73	92.59
	Other non-current assets				27.79	817.87
	II Current Assets				3,343.23	3,532.34
	Inventories
	Financial Assets				$\sim$	26.41
	Investments				11.34	122.28
	Trade receivables				63.53	26.08
	Cash and cash equivalents				9.38	4.60
	Bank balances other than above				7.50	7.50
	Other Current Assets				311.24	45.64
					402.99	232.51
	TOTAL ASSETS				3,746.22	3,764.85
	EQUITY AND LIABILITIES
	EOUITY
	Equity Share Capital				67.95	67.95
	Other Equity				3,422.58	3,441.72
	LIABILITIES				3,490.53	3,509.67
	Non-current liabilities
	II Current liabilities				$\overline{\phantom{a}}$	$\overline{\phantom{a}}$
	Financial Liabilities
	Borrowings				$\overline{\phantom{a}}$	5.01
	Trade Payables due to
	(i) Micro & Small Enterprise (ii) Other than Micro & Small Enterprise					6.35
	Other financial liabilities				12.55	1.17
	Provisions				230.14	229.25
	Current Tax Liabilities (Net)				13.00 $\sim$	13.40 $\overline{a}$
	TOTAL EQUITY AND LIABILITIES				255.69	255.18
					3,746.22 $\overline{\phantom{a}}$	3,764.85

	Statement of Cash Flow
			(₹ in Lakhs)
	Particulars	Year Ended	Year Ended
		31.03.2021	31.03.2020
	Cash flow from Operating Activities
	Profit before Tax	56.31	123.65
	Adiustments for Non-Cash and Non-Operating Items
	Provision for Leave Encashment	0.15	0.60
	Provision for Gratuity	1.37	2.80
	Net gain on fair valuation of investments	(0.06)	(7.31)
	Net gain on sale of investments	(4.56)	(4.81)
	(Profit)/Loss on Sale of Property, Plant and Equipments (net)	0.06	(81.39)
	Depreciation & Amortisation
	Dividend income	47.41	40.45
	Interest Income	(0.28)	(0.02)
	Operating Profit/(Loss) before Working Capital Changes	(7.00) 93.40	(2.51) 71.46

	Increase in Trade Pavables	5.02	4.35
	Increase/(Decrease) in Other Current Liabilities	0.89	(3.53)
	(Increase) in Other non-current assets (Increase) in Trade Receivables	8.60	(2.68)
	(Increase) in Inventories	(37.44)	10.16
	(Increase)/Decrease in Other current assets	26.41	(23.47)
	Cash generated from Operations	34.40 131.28	(42.80)
	Direct Taxes Paid (Net)	(1.87)	13.49 2.38
	Net Cash Flow from Operating Activities - (A)	129.41	15.87

	Cash Flows from Investing Activities Purchase of Property, Plant and Equipments
	Fixed Deposits with Banks	(85.45)	(60.34)
	(Purchase)/Sale of Investments (net)	(300.00)	(7.50)
	Dividend Received	258.54	41.64
	Interest Received	0.28 7.00	0.02
	Net cash used in Investing Activities - (B)	(119.63)	0.97 (25.21)

	Cash Flow from Financing Activities (Repayment)/Received - Current Borrowing (Net)
	Net Cash (uesd in)/generated from Financing Activities (	(5.01)	(20.00)
	$C$ )	(5.01)	(20.00)
	(Decrease)/Increase in Cash and Cash Equivalents	4.78	(29.34)
	$(A+B+C)$

	Cash and Cash Equivalents at Beginning of the year	4.60	33.94
	Cash and Cash Equivalents at End of the year	9.38	4.60
	Components of Cash and Cash Equivalents
	Cash on Hand
	Balances with Scheduled Banks - In Current Accounts	0.64 6.43	0.73 2.54
	Cheques on Hand	2.31	1.33
	Cash and cash equivalents in cash flow statement	9.38	4.60

	NOTES:
	1) The above results have been reviewed by the Audit Committee and by the Board of Directors at their respective meeting held on 16th June, 2021.

	2) Financial Results is also available on the website www.bseindia.com and on the Company's website www.hawcoindia.in.

	3) Figures of the previous period have been regrouped/rearranged wherever necessary/practicable to conform to the current presentation.
4)
	The Company has made investment in an entity engaged in Operating Commercial mall and construction & development of Real Estate Projects. Due to impact of Covid-19 on this sector, there is impact on the value of such Investment made by the Company. The Company has assessed fair value
	of the Investments and the impact has been accounted for by the Company. However, this has no impact on the cash flows of the Company.
	5) The figures of the last quarter are the balancing figures between the audited figures for the full year and unaudited published year to date figures
	upto the third quarter of the financial year.

		By Order of the Board

		$\epsilon$	211
	ate: 16th June, 2021	Banwari Lal Jatia
	lace: Mumbai	Managing D

HARDCASTLE & WAUD MANUFACTURING COMPANY LIMITED HARDCASTLE & WAUD MANUFACTURING COMPANY LIMITED

Regd. Off.: Mall Office,2nd Floor,Metro Junction Mall of West Pioneer Properties (I) Pvt Ltd, Netivali, Kalyan (E), Thane -421306 Tel. No.:022-22837658 Fax: 022-22873176 CIN No.: L99999MH1945PLC004581 E-mail Id: [email protected] Website: www.hawcoindia.in Regd. Off.: Mall Office,2nd t-loor,Metro Junction Mall of West Pioneor Properties (l) Pvt ttd, Netivali, KalYan ([),']hane - 421306 'Tel. No.:022 22837658 Fax:022 ^22813116 Cl N No. : 199999MH 1945P1C004581 E-mail ld: [email protected] Website:www.hawcoindia'in

16.06.2021 16.06 2021

BSE Ltd Phiroz Jeejeebhoy Towers Dalal Street Mumbai 400 001 BSE Ltd Phi roz JeejeebhoY Towers Dalal Street Mumbai400 001

Dear Sirs, Dear Sirs,

To,

Sub: Declaration with respect to Audit Report with unmodified opinion on the Audited Financial Results of the Company for the quarter and year ended 31st March, ²⁰²¹ Sub: Declaration with respect to Audit Report with unmodified opinion on the Audited Financial Results of itre Company for the quarter and year ended 31"1 March,2021

Pursuant to Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby declared that the Statutory Auditors of the Company have issued an Audit Report with unmodified opinion on the Audited Financial Results of the Company for the quarter and year ended ³¹⁵¹ March, 2021. pursuant to Regulation 33(3)(d) of the sEBl (Listing obligations and Disclosure Requirements) Regulations , ZilS, it is hereby declared that the Stalutory Auditors of the Company have issued an Audit Report with unmodified opinion on the Audited Financial Results of the Company for the quarter and year ended 31't March, 2021

Thanking you, Thanking you,

Yours faithfully, For Hardcastle & Waud Manufacturing Company Limited Yours faithfully, For Hardcastie & Waud Manufacturing Company Limited

Smita Achrekar Company Secretary & Compliance Officer Smita Achrekar Company Secretary & Compliance Officer

AI assistant

Hardcastle & Waud Mfg. Co. Ltd. Interim / Quarterly Report 2021

63885_rns_2021-06-16_d460bbb5-379d-42a7-9a3f-81c998a7308d.pdf