Hindustan Composites Ltd - Annual Report 2021

HINDUSTAN COMPOSITES LTD.

HINDUSTAN OMPOSITES ( LIMITED

Peninsula Business Park, Tower "A", 8th Floor, Senapati Bapat Marg, Lower Pare!, Mumbai - 400 013. Tel.: (91) (22) 6688 0100 •Fax: (91) (2?) 6688 0105 E-mail : [email protected] Website: www.hindcompo.com CIN No. L29120MH1964PLC012955

26u 1 May, 2021

To The Manager-DCS BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400 001 Scrip Code: 509635

The Manager - Listing National Stock Exchange of India Ltd. Exchange Plaza, 5th Floor, 'G' Block Bandra Kurla Complex, Bandra (East), Mumbai - 400 051 SYMBOL: HINDCOMPOS

Dear Sir/ Madam,

Sub: Outcome of Board Meeting held on 26th May, 2021

Pursuant to the provisions of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company at its meeting held today i.e. 26tl 1 May, 2021, inter alia, considered the following matters:

Approved the Standalone Audited Financial Results of the Company for the quarter and year ended 31st March, 2021;
Approved the Consolidated Audited Financial Results of the Company for the quarter and year ended 31st March, 2021;
Recommended the payment of dividend on Equity Shares of Rs. 5/- each@ Rs. 2/- (Rupees Two only) per share for the financial year ended 31st March, 2021, subject to approval of the shareholders in the ensuing Annual General Meeting of the Company. The dividend if approved at the ensuing Annual General Meeting of the Company, shall be paid/ dispatched between 7th October, 2021 to 20 th October, 2021;
Re-appointed M/ s. S M M P & Company, Chartered Accountants (Formerly known as M/ s. S M M P & Associates, Chartered Accountants) as Internal Auditors of the Company for the year 2021-22 pursuant to Section 138 of the Companies Act, 2013 and Rules made thereunder.

SM MP & Company was set-up in 1982 and have a collective experience of more than three decades in various fields of Audits, Taxation, and Consultancy. The firm has a number of Associates, Principals, and Managers, who have over the years gained versatile experience. The firm has erown from a small sized firm having staff sb·ength of 5 in 1985 to sh·ength of 60 including 16 Chartered Accountants at present.

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Regional Sales Offices

East: 29, Ganesh Chandra Avenue, Sando House. Room No. 207. 2nd Floor. Kotkata - 700 013. • Tel.: 91-33-2236078 • Fax: 91-33-22360788 West: 8-11. Paragon Condominium, 1st Floor. P. B. Marg. Worli, Mumbai• 400 013. • Tel.: 91-22-2495 1355 •Fax: 91-22-2495 1365 North : 401, Rohit House. 3 - Tolstoy Marg, New Delhi - 110 001 • Tel.: 91-11-2331 3845 •Fax: 91-11-23313846

South: New No. 931, Old No. 478. Ramaniyam Citadel Apartment. 2nd Floor, Poonamallee High Road. Arumbakkam, Chennai - 600 106. •Tel: 91-44-2363 3722

OMPOSITES C

Re-appointed M/ s M. R. Pandit & Co., Cost Accow1tants, Aurangabad (Firm Registration No. 000268) as Cost Auditors of the Company for the Financial Year 2021-22.
M/ s M. R. Pandit & Co., Cost Accountants is a Practicing Cost J\ccountants Firm having Five partners in the firm working for over 20 years in the areas of Cost Accounting, Cosl Auditing, Cost System, GST Consulting and Audit, Co-op Society Audit of Gramin and Co. Op. Banks, Stock Audits of Nationalized Bank and Sugar Factories, Cenb·al Excise Audit, Service Tax, Certification, Internal Audit & VAT, Stock Audits, Bank Audits and Finance, Company Incorporations, Partnership Consultancy etc.

A copy of the Standalone and Consolidated Audited Financials Results for quarter and year ended 31[st ] March, 2021 alone with Cash Flow Statement for the year ended on 31[st ] March, 2021 and Statement of Assets and Liabilities as on that date, Auditors Reports on said results and declaration of un- modified opinion pursuant to Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, are enclosed herewith for your records.

The meeting of the Board of Directors commenced at 4.30 p.m. and concluded at 6.15 p.m.

Kindly take the above on your record.

Thanking you,

Yours faithfully,

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For Hindustan Composites Limited � Company Secretary & Compliance 0 Membership No: A36705

Encl.: As stated above

/' H I N D U S TA N 1 OMPOSITES LIMiTEO

3 4

s 6

HINDUSTAN COMPOSITES LIMITED

Regd.Offlce: A Tower,Sth Floor, Peninsula Business Park,

Senapati Bapat Marg,Lower Parel, Mumbai • 400013 Tel: 022·66880100, Fax:022·66880105 visit us at www.hindcompo.com ON No. L29120MH1964PLC012955

Statement of Audited Standalone Financial Results for the quarter and year ended 31st March, 2021

(Rs. In Lakhs, except per share data) Thre Months Three Monts Three M_onths Year Year Ended Ende< Ended Ended Ended 31-Mar-21 31-Dec-20 31-Mar-20 31-Mar-21 31-Mar-20 IAudltedl' I Unaudited) (Audited)' (Audite! /Auited! 5,829 5,127 4,157 18,459 17,805 - 1 7 616 49 5829 5,128 4 16 19,077 17,854 2,601 2,037 1,752 7,342 7,338 29 2 (87) 185 (135) 868 877 785 3.259 3,355 4 6 6 20 22 217 218 243 887 950 1 542 t 39 1,243 4 95 5,293 5 261 4,66 3 942 16 598 16 823	(Rs. In Lakhs, except per share data) Thre Months Three Monts Three M_onths Year Year Ended Ende< Ended Ended Ended 31-Mar-21 31-Dec-20 31-Mar-20 31-Mar-21 31-Mar-20 IAudltedl' I Unaudited) (Audited)' (Audite! /Auited! 5,829 5,127 4,157 18,459 17,805 - 1 7 616 49 5829 5,128 4 16 19,077 17,854 2,601 2,037 1,752 7,342 7,338 29 2 (87) 185 (135) 868 877 785 3.259 3,355 4 6 6 20 22 217 218 243 887 950 1 542 t 39 1,243 4 95 5,293 5 261 4,66 3 942 16 598 16 823	(Rs. In Lakhs, except per share data) Thre Months Three Monts Three M_onths Year Year Ended Ende< Ended Ended Ended 31-Mar-21 31-Dec-20 31-Mar-20 31-Mar-21 31-Mar-20 IAudltedl' I Unaudited) (Audited)' (Audite! /Auited! 5,829 5,127 4,157 18,459 17,805 - 1 7 616 49 5829 5,128 4 16 19,077 17,854 2,601 2,037 1,752 7,342 7,338 29 2 (87) 185 (135) 868 877 785 3.259 3,355 4 6 6 20 22 217 218 243 887 950 1 542 t 39 1,243 4 95 5,293 5 261 4,66 3 942 16 598 16 823	(Rs. In Lakhs, except per share data) Thre Months Three Monts Three M_onths Year Year Ended Ende< Ended Ended Ended 31-Mar-21 31-Dec-20 31-Mar-20 31-Mar-21 31-Mar-20 IAudltedl' I Unaudited) (Audited)' (Audite! /Auited! 5,829 5,127 4,157 18,459 17,805 - 1 7 616 49 5829 5,128 4 16 19,077 17,854 2,601 2,037 1,752 7,342 7,338 29 2 (87) 185 (135) 868 877 785 3.259 3,355 4 6 6 20 22 217 218 243 887 950 1 542 t 39 1,243 4 95 5,293 5 261 4,66 3 942 16 598 16 823	(Rs. In Lakhs, except per share data) Thre Months Three Monts Three M_onths Year Year Ended Ende< Ended Ended Ended 31-Mar-21 31-Dec-20 31-Mar-20 31-Mar-21 31-Mar-20 IAudltedl' I Unaudited) (Audited)' (Audite! /Auited! 5,829 5,127 4,157 18,459 17,805 - 1 7 616 49 5829 5,128 4 16 19,077 17,854 2,601 2,037 1,752 7,342 7,338 29 2 (87) 185 (135) 868 877 785 3.259 3,355 4 6 6 20 22 217 218 243 887 950 1 542 t 39 1,243 4 95 5,293 5 261 4,66 3 942 16 598 16 823	(Rs. In Lakhs, except per share data) Thre Months Three Monts Three M_onths Year Year Ended Ende< Ended Ended Ended 31-Mar-21 31-Dec-20 31-Mar-20 31-Mar-21 31-Mar-20 IAudltedl' I Unaudited) (Audited)' (Audite! /Auited! 5,829 5,127 4,157 18,459 17,805 - 1 7 616 49 5829 5,128 4 16 19,077 17,854 2,601 2,037 1,752 7,342 7,338 29 2 (87) 185 (135) 868 877 785 3.259 3,355 4 6 6 20 22 217 218 243 887 950 1 542 t 39 1,243 4 95 5,293 5 261 4,66 3 942 16 598 16 823
5829 5,128 2,601 2,037 29 2 868 877 4 6 217 218 1 542 t 39	4 16 1,752 (87) 785 6 243 1,243		19,077 7,342 185 3.259 20 887 4 95
5 261 4,66	3 942		16 59	8
588 574	22	2	2 479		1 031
			285		126 1298 1.203
2 123	3	0
18 167	183 275		95
548 518			2 099

1.147 1,711 (262) (475) (38) 212 112 1611	11,774) 522 300 1881		3222 (786) 710 1207l		(881) 331 823 12401
811 1 387	11 04	0	2939		33 1 236
1 159 1,95	1765		5 038
73 738 371 3.51	738 1.8	6	738 81,169 1421		738 76,427 8.15

No. Sr. Particulars

Reporting of Segment wise Revenue,Result, Assets and Liabilities as on 31st March, 2021

ome Total Tax	Three Months Ended 31-Mar,21 !Audited)' 4,9 923 5 82 245 70 951 379 4 - 56 9,281 78,878 3 703 91,862 4,38 4,328 1 241 9 955	(Rs. In Lakhs) Three Monts Three Months Year Year Ended Ended Ended Ended 31-Dec-20 31-Mar-20 31-Mar-21 31-Mar-20 I Unaudited /Audited\' I Audited) (Audited I 4,203 3,392 15,007 14,489 924 765 3 452 3 316 5 127 4,157 18 459 17 805 275 30 619 133 628 460 2 533 2,294 903 490 3 152 2,427 324 269 1,271 1.423 6 6 20 22 1 7 618 49 574 222 2,479 1 031 8.372 9,249 9,281 9,249 77.922 73,049 78,878 73,049 3,659 3 827 3 703 3,827	(Rs. In Lakhs) Three Monts Three Months Year Year Ended Ended Ended Ended 31-Dec-20 31-Mar-20 31-Mar-21 31-Mar-20 I Unaudited /Audited\' I Audited) (Audited I 4,203 3,392 15,007 14,489 924 765 3 452 3 316 5 127 4,157 18 459 17 805 275 30 619 133 628 460 2 533 2,294 903 490 3 152 2,427 324 269 1,271 1.423 6 6 20 22 1 7 618 49 574 222 2,479 1 031 8.372 9,249 9,281 9,249 77.922 73,049 78,878 73,049 3,659 3 827 3 703 3,827	(Rs. In Lakhs) Three Monts Three Months Year Year Ended Ended Ended Ended 31-Dec-20 31-Mar-20 31-Mar-21 31-Mar-20 I Unaudited /Audited\' I Audited) (Audited I 4,203 3,392 15,007 14,489 924 765 3 452 3 316 5 127 4,157 18 459 17 805 275 30 619 133 628 460 2 533 2,294 903 490 3 152 2,427 324 269 1,271 1.423 6 6 20 22 1 7 618 49 574 222 2,479 1 031 8.372 9,249 9,281 9,249 77.922 73,049 78,878 73,049 3,659 3 827 3 703 3,827	(Rs. In Lakhs) Three Monts Three Months Year Year Ended Ended Ended Ended 31-Dec-20 31-Mar-20 31-Mar-21 31-Mar-20 I Unaudited /Audited\' I Audited) (Audited I 4,203 3,392 15,007 14,489 924 765 3 452 3 316 5 127 4,157 18 459 17 805 275 30 619 133 628 460 2 533 2,294 903 490 3 152 2,427 324 269 1,271 1.423 6 6 20 22 1 7 618 49 574 222 2,479 1 031 8.372 9,249 9,281 9,249 77.922 73,049 78,878 73,049 3,659 3 827 3 703 3,827	(Rs. In Lakhs) Three Monts Three Months Year Year Ended Ended Ended Ended 31-Dec-20 31-Mar-20 31-Mar-21 31-Mar-20 I Unaudited /Audited\' I Audited) (Audited I 4,203 3,392 15,007 14,489 924 765 3 452 3 316 5 127 4,157 18 459 17 805 275 30 619 133 628 460 2 533 2,294 903 490 3 152 2,427 324 269 1,271 1.423 6 6 20 22 1 7 618 49 574 222 2,479 1 031 8.372 9,249 9,281 9,249 77.922 73,049 78,878 73,049 3,659 3 827 3 703 3,827	(Rs. In Lakhs) Three Monts Three Months Year Year Ended Ended Ended Ended 31-Dec-20 31-Mar-20 31-Mar-21 31-Mar-20 I Unaudited /Audited\' I Audited) (Audited I 4,203 3,392 15,007 14,489 924 765 3 452 3 316 5 127 4,157 18 459 17 805 275 30 619 133 628 460 2 533 2,294 903 490 3 152 2,427 324 269 1,271 1.423 6 6 20 22 1 7 618 49 574 222 2,479 1 031 8.372 9,249 9,281 9,249 77.922 73,049 78,878 73,049 3,659 3 827 3 703 3,827
		Three Monts Ended 31-Dec-20 I Unaudited		Three Months Ended 31-Mar-20 /Audited\'
		4,203 924 5 127 275 628 903		3,392 765 4,157 30 460
			3	490 269 6 7 222 9,249 73,049 3 827		3 152 1,271 20 618 2,479 9,281 78,878 3 703	2,427 1.423 22 49 1 031 9,249 73,049 3,827
		32 57 8.37 77.92 3,65	4 6 1 4 2 2 9
Total	9,281 78,878 3 703 91,862 4,38 4,328 1 241 9 955
		89 953 3.653 4,311 1 241 9 205	3	86,125		91 862	86 125 4,287 3,582 1 091
Total				4,287 3,582 1 091 8 960		4,386 4,328 1 241
					0	9 955	8 960

1��-t� 1 ,t�l

t�" H I N D U S TA N ·;;• OMPOSITES ·, Lil,IIT£0

HINDUSTAN COMPOSITES LIMITED Regd.Offlce: A Tower,Bth Floor, Peninsula Business Park,

Senapatl Bapat Marg,Lower Parel, Mumbai - 400013

Tel: 022·66880100, Fax:022·66880l05 visit us at www.hindcompo.com CIN No, L29120MH1954PLC0129SS

Standalone Statement of Assets and Liabilities as at 31st March 2021 I

Standalone Statement of Assets and Liabilities as at 31st March 202 I	1
Sr.Particulars No. I ASSETS (1)NON-CURRENT ASSETS (a)Property, Plant and EqulpmenI (b) Other Intangible assets (c) Intangible assets under development (d) Financial Assets (I) lnvesIments (ii) Loans (iii) Other Financial Assets (e) Other Non Curren! Assets TOTAL NON-CURRENT ASSETS (2)CURRENT ASSETS (a) Inventories (b) Flnanc,alAssets (i) Investments {ii) Tradereceivables (iii) Cash and cash equivalents (Iv)Bank balancesother than(iii)above (v) Loans (vi) Other financialassets (c) Other current assets (d) Current tax assets (Net) TOTAL CURRENT ASSETS TOTAL ASSETS 11EOYIIXAND LIABILITIES EQUITY (a) Equity Share Capital (b) Other Equity TOTAL EQUITY LIABILITIES (1) NON-CURRENT LIABILITIES (a) Financial Liabilities - Borrowings (b) Prov1s1ons (c)Deferre<I taxliabilities (Net) (d) Other non-current liabilities TOTAL NON-CURRENT LIABILITIES (2) CURRENT LIABILITIES (a) FinancialLiabihties ( i) Borrowings (ii) Trade payables - Total OutstandingDues ol Micro and small enterprises •Total Outstanding Dues ol Creditors other than Micro and small enterprises (Iii) Otherfinancial liabilities (b)Other current liabilities (c) Provisions TOTAL CURRENT LIABILITIES TOTAL EQUITY AND LIABILITIES	(Rs. in Lakhsl Asal As at 31-Mar-21 31-Mar-20 (Audi led) (Audited) 11,590 12,226 19 17 16 16 65,355 59,696 1,750 57 56 38 11 77 075 73 772 1,187 1.257 3,303 2,837 3,784 3,420 145 657 75 53 4,490 2,715 1,354 1,028 285 195 164 191 14 787 12,353 91,862 86,125 738 738 81169 76 427 81 907 n,1s5 4 44 318 208 5.487 4,599 88 79 5,897 4,930 477 57 48 3,485 3.144 149 206 151 32 216 123 4,058 4,030 91,862 86,125

Standalone Statement of Assets and Liabilities as at 31st March 202
I

Sr.Particulars
No.
I ASSETS
(1)NON-CURRENT ASSETS
(a)Property, Plant and EqulpmenI
(b) Other Intangible assets
(c) Intangible assets under development
(d) Financial Assets
(I) lnvesIments
(ii) Loans
(iii) Other Financial Assets
(e) Other Non Curren! Assets
TOTAL NON-CURRENT ASSETS
(2)CURRENT ASSETS
(a) Inventories
(b) Flnanc,alAssets
(i) Investments
{ii) Tradereceivables
(iii) Cash and cash equivalents
(Iv)Bank balancesother than(iii)above
(v) Loans
(vi) Other financialassets
(c) Other current assets
(d) Current tax assets (Net)
TOTAL CURRENT ASSETS
TOTAL ASSETS
11EOYIIXAND LIABILITIES
EQUITY
(a) Equity Share Capital
(b) Other Equity
TOTAL EQUITY
LIABILITIES
(1) NON-CURRENT LIABILITIES
(a) Financial Liabilities
- Borrowings
(b) Prov1s1ons
(c)Deferre<I taxliabilities (Net)
(d) Other non-current liabilities
TOTAL NON-CURRENT LIABILITIES
(2) CURRENT LIABILITIES
(a) FinancialLiabihties
( i) Borrowings
(ii) Trade payables
- Total OutstandingDues ol Micro and small enterprises
•Total Outstanding Dues ol Creditors other than Micro and small enterprises
(Iii) Otherfinancial liabilities
(b)Other current liabilities
(c) Provisions
TOTAL CURRENT LIABILITIES
TOTAL EQUITY AND LIABILITIES

(Rs. in Lakhsl
Asal
As at
31-Mar-21
31-Mar-20
(Audi led)
(Audited)
11,590
12,226
19
17
16
16
65,355
59,696
1,750
57
56
38
11
77 075
73 772
1,187
1.257
3,303
2,837
3,784
3,420
145
657
75
53
4,490
2,715
1,354
1,028
285
195
164
191
14 787
12,353
91,862
86,125
738
738
81169
76 427
81 907
n,1s5
4
44
318
208
5.487
4,599
88
79
5,897
4,930
477
57
48
3,485
3.144
149
206
151
32
216
123
4,058
4,030
91,862
86,125

Notes:

1 The above results were reviewed by the Audit Committee and approved by lhe Board of D1rectors in their meeting held on 26th May. 2021 The Board of directors of the company has recommended lhe payment of dividend on equity shares of Rs.SI- each@ Rs. 2 per share for the year ended 31st March, 2021.
2 In view of the recent surge In Covld,-19 cases, many states re,ntroduced some restrictions which have temporarily disrupted the operations at Its manufacturing plants. The Company is In compliance with lhe various guidelines issued J relaxations provided by the Govemmenl /respective authorities from time to time, presently working at its normal capacity similar to the pre COVID levels with adequate precautions lor safety and wellbeing of its employees. The management apart from considering the inlemal and external closely monitor any material Changes to future economic coInformation upto the date of approval of these financial results expects to recover the carrying amount of the assets inndil ions, cluding financial investments The Company will continue to
3 The Code on Social Security. 202D ('Code') relating to employee benefits during employment and post-employment benefils has been published in the Gazette of India. However, the dale on whieh the Code will come inlo e f ect has noI been notij1ed. The Company will assess the impact of the Code and recognise the same when lhe Code becomes effective
4 "Other income" for the year ended 31sl March, 2021 includes Rs. 606 lakhs being profit on sale of a commercial premise.
5 • The figures tor the querier ended 31st March 2021 and 31st March 2020 are lhe balancing figures between the audited ones ,n respect of the full financial year and published unaudited year to date figures upto lhe third quarter of the financ,al result
6 Previous penods' figures have been rearranged I regrouped wherever considered necessary to conform to the presentation of the current period All figures of financial results have been rounded off to nearest lakhs rup e s,

Managing D1rector (DIN No.00535670)

Place : Mumbai Dated : 26th May, 2021

HINDUSTAN OMPOSITES LIMITED

HINDUSTAN COMPOSITES LIMITED

Regd.Office: A Tower,8th Floor, Peninsula Business Park, Senapatl Bapat Marg,Lower Parel, Mumbai - 400013 Tel: 022-66880100, Fax:022-66880105 visit us at www.hlnd compo.com ClN No. L29120MH1964PLC012955

Regd.Office: A Tower,8th Floor, Peninsula Business Park, Senapatl Bapat Marg,Lower Parel, Mumbai - 400013 Tel: 022-66880100, Fax:022-66880105 visit us at www.hlnd compo.com ClN No. L29120MH1964PLC012955
Standalone s tatement olash C Flowfor the vear ende 31st March 2021
Sr. No. Particular	(Rs. In Lakhsl
	Year Ended Year Ended 31-Mar-21 31 -Mar-20 I AuditedI I Audited)
A B C D CHh flow from operating actMtlet: Net prollt before ta• Adjustment to reconcile proft before ta• to net cash flow• Depreciation Net gain on aale / lair valuaI10n ol Investments llvougt1p(Prof,t)llon on Sale ot property, planl and equ,prenl (net)\ Remeasuremenls or defined benefit plans\ lnlerast expenses\ Operating profit before worng capltal changes\ Adjustment for\ (lncrease)Decrease ,n Trade and other recivable\ (lncrease)Oeaease onlnventOfies\ (Oec-ease)lncn,ase In Trade and olher payables\ CHh generated from operation•\ Addl(Oeduct)\ Direct taxes paid (net)\ Net cash generated from operating activities\ Cash generated from Investing actlvltle■\ Purchase of pro. plant and equipment\ Proceoo• trom sale or property, planI and equipmenl\ Purchase or investments (nel)\ (lncrease�dectease In inter- oate and olher depositt\ Income from Investment (nel)\ Not cash flow (used In) from Investing activities\ c .. h generated from financing actlvltlea\ Proc ds/(repaymenl) lrom long-term borrow,ngs (nBI)\ Proceeds/(repayment) from short-lerm borrowings (nel)\ Dividend paid (including cate dividend ta>) In1eresI paid Cash generated from financing actvities Net lncre1ae/ Decrease In cash and cash equivalent ( A+B+C) A lhe bginning ol lhe year Al the end or lhe year (Refer note below) Note: The Closlna Cash and Cash Eauivalents lnclud• Investment,n Llou,d Mutual fund of Rs 589 lakhs /Previous Year Rs.NIii. **	2,479 1,031 887 950 (1,677) (1.357) (599) (16) (145) (10) 20 22
	965 530
	(454) 302 10 (27) 795 1284)
	1 376 521
	1459) (109)
	917 412 (392) (685) 739 27 (3.09) (1,733) (335) 600 3015 2,107
	18 316 (66) (86) (477) 318 (295) (35) 1201 ~~() ~~
	(8581 (141
	11 582
	657 75
	734 667

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Digitally signed by VINAY P SOMANI DN: c=IN, o=Personal, postalCode=401101, st=Maharashtra, VINAY P 2.5.4.20=5f59851a318de0e393ff11847d9 edf97ee8cd10dc81b807362e3d3e65c0f4c 5d, serialNumber=21c1cff7206d8be65a864d 3ad2203124efc912b70b36f6dd03552bb7 SOMANI 0772059b, cn=VINAY P SOMANI Date: 2021.05.26 16:37:24 +05'30'

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Digitally signed by VINAY P SOMANI DN: c=IN, o=Personal, postalCode=401101, st=Maharashtra, 2.5.4.20=5f59851a318de0e393ff11847d9edf97 ee8cd10dc81b807362e3d3e65c0f4c5d, serialNumber=21c1cff7206d8be65a864d3ad2 203124efc912b70b36f6dd03552bb70772059b, cn=VINAY P SOMANI Date: 2021.05.26 16:38:18 +05'30'

VINAY P

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HINDUSTAN OMPOSITES LIAI TED

HINDUSTAN COMPOSITES LIMITED

Regd.Offlce: A Tower,Sth Floor, Peninsula Business Park, Senapati Bapat Marg,Lower Parel, Mumbai • 400013

Tel: 022-66880100, fax:022-6688010S visit us at www.hlndcompo.com

CIN No. L29120MH1964PLC012955

Statement of Audited Consolidated Financial Results for the quarter and year ended 31st March, 2021

ThreMonths ThreeMonths Three M Ended Ended Ende 31-Mar-21 31-0ec-20 31-Mar (Audited)' /UnauditedI IAudlte 5,829 5,127 . 1	ThreMonths ThreeMonths Three M Ended Ended Ende 31-Mar-21 31-0ec-20 31-Mar (Audited)' /UnauditedI IAudlte 5,829 5,127 . 1	ThreMonths ThreeMonths Three M Ended Ended Ende 31-Mar-21 31-0ec-20 31-Mar (Audited)' /UnauditedI IAudlte 5,829 5,127 . 1	ThreMonths ThreeMonths Three M Ended Ended Ende 31-Mar-21 31-0ec-20 31-Mar (Audited)' /UnauditedI IAudlte 5,829 5,127 . 1	ThreMonths ThreeMonths Three M Ended Ended Ende 31-Mar-21 31-0ec-20 31-Mar (Audited)' /UnauditedI IAudlte 5,829 5,127 . 1	ThreMonths ThreeMonths Three M Ended Ended Ende 31-Mar-21 31-0ec-20 31-Mar (Audited)' /UnauditedI IAudlte 5,829 5,127 . 1	ThreMonths ThreeMonths Three M Ended Ended Ende 31-Mar-21 31-0ec-20 31-Mar (Audited)' /UnauditedI IAudlte 5,829 5,127 . 1
			4,157 18,459 7 618
5 829	5,128 4,16 19,077 2.037 1,752 7.342 26 (87) 185 877 785 3,259 6 6 20 218 243 887 1 39 1 243 4 95			19,077
2,601 29 8 4 217 1 542					7.342 185 3,259 20 887 4 95	7,338 (135) 3.355 22 95 5293 16 823 1031
5 261	4,55		3 942		16 598 _2_479
568	574		222
(10	1311		143~~1~~		(127)	115
558	543		17	9	2 352	875
	123
2			3	0	285	126
18	167		183 23	1	95	1298
538	47			2	1972	107

1,147 24 (386) 112	2,201 (1,774) 4.202 (618) 522 (786) 212 300 710 1611 188 12071 1,734 11 040 3,919				4.202 (786) 710 12071	(81) 331 823 r2401
897				0 3,919		33
1,435	2,221	1808! 5,891				1 080
738 3,64	738 . 3,30	738 1,57			738 80,91 13.35	738 75,3 7,09

Reporting of Segment wise Revenue,Result, Assets and Liabilities as on 31st March, 2021


Sr.N o.	Pariculars Segment Revenue • Compsite Products • Investment Segment Results (Profit(+) I Loss(·) before Tax from each seQment I •Compsite Products • Investment less:Unalloable Expenses Less: Loss of joint venture Less: Finance Cost I Add: Other Income a} Segment Assets -Composite Proucts •Investment • Unallocable	Total Incom Sub Tota Profit befor Tax Tota Tota	(Rs. In l.akhs)
			Three Months Ended 31-Mar-21 (Audited)• 4,906 923 5 829 245 70 l 951	Three Months Ended 31-D-20 /Unaudited! 4,203 924 5.127 275 628		Three Monts Ended 31-Mar-20 IAudltedl • 3,392 765 4 157 30 460	Year Year Ended Ended 31-Mar-21 31-Mar-20 fAuditedl (Audltedl 15,07 14,489 3 452 3 316 18 459 17,805 619 133 2 533 2294 3 152 2 427 1,271 1.423 127 156 20 22 618 49
1 2 3
				9	03	490
			379 10 4 558 9,227 78,878 3 703	324 31 6 1 543 8,339 76,942 3 659	24 31 6 1	269 43 6 7
						179 9.224 72,09 3 827	2,352 875 9,227 9,224 78,878 72.09 3 703 3 827
			l 91,808 4,540 4,328 1241 l 10,109	88,940		85120	91,808 85120
	b) Segment Llabllltles •Composite Products •Investment •Unallocable			3,817 4,311 1241		4,343 3,582 1,091	4,540 4,343 4,328 3,52 1241 1.01
				9 369		9016	10 109 9 016

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,,,. HINDUSTAN , OMPOSITES L I Al I T E 0

· HINDUSTAN COMPOSITES LIMITED

Regd.Office: A Tower,8th Floor, Peninsula Business Park,

Senapatl Bapat Marg,Lower Parel, Mumbai - 400013 Tel: 022-66880100, Fax:022·6688010S visit us at www.hlndcompo.com

CIN No. L29l20MH!964PLC0129SS

Consolidated Statement of Assets and Liabilities as at 31st March, 2021

			(Rs, in Lakhs]
Sr. No.	Particulars	As at 31-Mar-21	Aaat 31-Mar-20
		(Audited)	(Audited)
I	ASSETS
(1)	NON-CURRENT ASSETS
	(a) Property, Plant and Equipment (b) Other Intangible assets	11 590 19	12,226 17
	(c) Intangible assets under development	16	16
	(d) FinancialAssets
	(I) Investments	65,355	58,716
	(ii) Loans		1,750
	(iii) Other Financial Assets	57	56
	(e)Other Non CurrentAssets	38	11
	TOTAL NON-CURRENT ASSETS	77,075	72,792
(2)	CURRENT ASSETS
	(a)Inventories	1,186	1,257
	(b} Financial Assets
	(i) Investments	3,303	2,837
	(ii) Trade receivables	3,731	3,395
	(iii) Cash and cash equivalents	145	657
	(iv) Bank balances other than (ill) above	75	53
	(v) Loans	4.490	2.715
	(vi) Other financial assets	1,354	1,028
	(c) Other current assels	285	195
	(d) Current ta, assets (Net)	164	191
	TOTAL CURRENTASSETS	14,733	12 328
	TOTAL ASSETS	91808	85120
11	EOUIJY AND LIABILITIES
	EQUITY
	(a) Equity Share Capital	738	738
	(b) Other Equity	80961	75366
	TOTAL EQUITY	81699	76104
	LIABILITIES
(1)	NON-CURRENT LIABILITIES
	(a) Financial Liabilities
	• Borrowings	4	44
	(b) Provisions	318	208
	(c) Deferred tax liabilities (Nell (di Other non-cun-ent liabilities	5,487 88	4,599 79
	TOTAL NON-CURRENT LIABILITIES	5 897	4930
(2)	CURRENT LIABILITIES
	(a) Financial Liabilities
	(i) Bon-owings		477
	(ii) Trade payables
	•Total Outstanding Dues of M1c,o and small enterprises	57	48
	•Total Outstanding Dues of Creditors other then Micro and small enletprisas	3,639	3,200
	(iii) Other financialliabilities	149	206
	(b) Other currenl liabilities	151	32
	(c) Provisions	216	123
	TOTAL CURRENT LIABILITIES	4 212	4086
	TOTAL EQUITY AND LIABILITIES	91 808	85,120

Notes.

1 The above results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on 26th May, 2021. The Board of directors of the company has recommended the payment of dividend on equity shares of Rs.Si- each@ Rs. 2 per share for lhe year 6nded 31st March, 2021,
2 In view of lhe recent surge in Covid-19 cases, many stales reintroduced some restrictions lltlich have temporarily disrupted the operations al its manufacturing plants. The Company is in compliance with the various guidelines issued I relaxations provided by the Government /respective authorities from time to time, presently working at its normal capacity similar 10 the pre COVID levels with adequate precautions for safety and wellbeing of its employees. The management apart from oonsidenng the internal and external information upto the dale of approval of these financial results expects to recover lhe carrying amount of the assets Including financial lnvestmenls. The Company will continue to closely monitor any material changes to future economic conditions.
3 The Code on Social Security, 2020 ('Code') relating lo employee benefits during employment and post-employment benefits has been published in lhe Gazette of India However , the date on which lhe Code will come into effect has not been notified. The Company will assess the Impact of the Coda and recognise the same when the Code becomes effect Ive.
4 "Other income" for the year ended 31st March, 2021 includes Rs. 606 lakhs being profit on sale of a commercial premise.
5 • The figures for the quarter ended 31st March 2021 end 31st March 2020 are the balancing figures between the audited ones 1n respect of the full financial year and published unaudited year to date figures upto the third quarter of tho financial result.
6 Previous periods' figures have been rearranged I regrouped lltlerever considered necessary to conform to the presentation of the current period. All figures of financial results have been rounded off to nearest lakhs rupees.

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Place : Mumbai Dated 26th May, 2021

HINDU STA� OMPOSITES LIMITED

HINDUSTAN COMPOSITES LIMITED-

Regd.office, A Tower,8th Floor, Peninsula Business Park,

Senapati Bapat Marg,.lower Parel, Mumbai• 400013 Tel: 022·66880100, Fax:022-66880105 visit us at www.hlndcompo.com

CIN No. L29120MHl964PLCOl2955

Consolidated Statement of Cash Flow for the vear ended 31st March 2021

Sr. No. A B C D	Particular■ Cash flow from operating activities: Net profit before tax Adjustment to reconcile profit before tax to net cash flows Depreciation Net gain on sale/ fair valuation of Investments through profit and loss (Profll)/Loss on Sale or property, plant and equipment (nel) Rerneasurements or defined benefit plans Interest expenses Operating profit before working capital changes Adjuatment for (lncrease)Decrease in Trade and other receivable (lncrease)Decrease in Inventories (Decrease)lncrease in Trade and other payables Caah generated from operations Add/(Oeducl): Direct taxes paid (net) Net cash generated from operating activities Cash generated from Investing 1ct1V1tles Purchase or propeny, plant andequipment Proceeds from sale of property, plant and equipment Purchase of investments (net) (lncrease)/decrease In Inter-corporate and other deposits Income from Investment (net) Net cash flow (used in) from investing activities Ca1h generated from financing activitlea Proce ds/(repaymenl) from long-term borrowings (net) Proceedsl(repaymenl) from short-term borrowings (net) Dividend paid (including corporate dividend lax) Interest paid Cash generated from financing activities Net Increase/ Decrease In ca1h and cash equivalent ( A+B+CJ Cash and Cash equivalents At the end of the year (Refer nole below) Nole: The Closina Cash and Cash Eau,valents Include investment In Llauld Mutual fund of Rs. 589 lakhs I Previous YearRs. Nill	(Rs. In Lakha Year Ended Year Ended 31-Mar-21 31-Mar-20 (Audited) (Audited) 2,352 876 887 950 (1,677) (1,357)** (599) (16) (145) (100) 20 22 838 374 (426) 302 70 (27) 894 1264* 1 378 36e {459' 1109 917 256 (392) (685) 739 27 (3,009) (1,577) (335) 600 3015 2107 18 472 (66) (86) {477) 318 {295) (356) 1201 122\ (8581 1148 77 582 657 75 734 657*

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VINAY P

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HINDUSTAN COMPOSITES LTD. Peninsula Business Park, Tower "A", 8th Floor, Senapati Bapat Marg, Lower Parel, Mumbai - 400 013. Tel.: (91) (22) 6688 0100 • Fax : (91) (22) 6688 0105 E-mail: [email protected] Website: www.hindcornpo.com CIN No. L29120MH1964PLC012955

HINDUSTAN OMPOSITES LIMITED

DECLARATION ON AUDITED f-lNANCIAL RESULTS

(l[l] 11r.,11r111/ /(I //11· .�('({)/Ir/ /llOili:_;() /() /{rs11/11/1()1/ .B(3)(d} r!f t/11• .S1•rn l'lllt,." 1111d [yc/11111s1• Honn/ 1�/ /11tl1,1 (/,1.,/1//S O/dis11r1r11� 1111d f)j.;(/p�//1'(' Rt'l/1111'{'///(')I/�) Rt'su/11/10!!�, 201S)

l\irsu,int lo the second proviso to the Rq?il;ition 33(3)(d) of the 51..'curities and "" " .,, j ,; ivl/s. B,1g,iriil ,ind Cn. 1.1.f[>] , Ch<1rkn:d /\n-ounla11ls, MumlMi (Fl�N: l'l.'1447W) h<1v,, issued the1\udit Reports with u11111ndif1ed (111i11ion on thL' Stc1nd,1lonc ,rnd Conolidatt[>] r d 1\11nu<1I Audited finc 1ci<1I l<c�ults or the Comp,rny for th\? fin;inciill yet1 e[n] de[d ] i 31" /\,1c1rcl1, 2021 wh ch c1re approved ,1t the Boill'd Meeting held today i.e. 26[1h ] t'-.fay, 2021. Exch,mge Hoc1rd of lndie1(l.isting Oblig,1tions nnd Disclosure Rcqllircments) Re�ulz:ti1111s, 2015, we herebv confirm thc1t lhe Statulorv Auditors of the Co11111anv,

Fo l lindustan Composites Limitl?d

< P.K. Choudhary MJnaging Director DIN: 00535670

==> picture [104 x 36] intentionally omitted <==

Sunil Jindal Chief financial Officer

==> picture [80 x 80] intentionally omitted <==

Place: Murnb<1i D.ile: 26[1] h M<1y, 2021

Regional Sales Offices

East: 29, Ganesh Chandra Avenue, Bando House. Room No. 207, 2nd Floor, Kolkala - 700 013 • Tel: 91-33-2236078 • Fax. 91-33-22360788 West: 8,11, Paragon Condominium, 1st Floor. P. B. Marg, Woru, Mumbai• 400 013. • Tel.: 91-22•2495 1355 •Fax: 91-22·2495 1365 North: 401. Rohit House. 3 • Tolsloy Marg, New Delhi - 110 001 • Tel.: 91-11-2331 3845 •Fax: 91-11-23313846 South : New No. 931, Oki No. 478, Ramaniyam Citadel Apartment, 2nd Floor. Poonamallee High Road. Arumbakkam. Chennai • 6 106. • Tel 91-44-2363 3722

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Hindustan Composites Ltd — Annual Report 2021

60983_rns_2021-05-26_4dd231ba-de11-48bb-908b-4aba2b2e0c4d.pdf

Sub: Outcome of Board Meeting held on 26th May, 2021

Regional Sales Offices

OMPOSITES C

HINDUSTAN COMPOSITES LIMITED

Statement of Audited Standalone Financial Results for the quarter and year ended 31st March, 2021

No. Sr. Particulars

Reporting of Segment wise Revenue,Result, Assets and Liabilities as on 31st March, 2021

HINDUSTAN COMPOSITES LIMITED Regd.Offlce: A Tower,Bth Floor, Peninsula Business Park,

Standalone Statement of Assets and Liabilities as at 31st March 2021 I

HINDUSTAN COMPOSITES LIMITED

BAGARIA & CO LLP

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CIN No. L29120MH1964PLC012955

Statement of Audited Consolidated Financial Results for the quarter and year ended 31st March, 2021

Reporting of Segment wise Revenue,Result, Assets and Liabilities as on 31st March, 2021

· HINDUSTAN COMPOSITES LIMITED

Regd.Office: A Tower,8th Floor, Peninsula Business Park,

CIN No. L29l20MH!964PLC0129SS

Consolidated Statement of Assets and Liabilities as at 31st March, 2021

HINDU STA� OMPOSITES LIMITED

HINDUSTAN COMPOSITES LIMITED-

Regd.office, A Tower,8th Floor, Peninsula Business Park,

CIN No. L29120MHl964PLCOl2955

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Hindustan Composites Ltd Annual Report 2021

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