Hindustan Composites Ltd — Interim / Quarterly Report 2021

May 26, 2021

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 : hcl@hindcompo.com Website: www.hindcompo.com CIN No. L29120MH1964PLC012955

26u1 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. 26tl1 May, 2021, inter alia, considered the following matters:

• 1. Approved the Standalone Audited Financial Results of the Company for the quarter and year ended 31st March, 2021;
• 1. Approved the Consolidated Audited Financial Results of the Company for the quarter and year ended 31st March, 2021;
• 1. 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 20th October, 2021;
• 1. 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.

Regional Sales Offices

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

1. 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 31st 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,

� For Hindustan Composites Limited

Company Secretary & Compliance 0 Membership No: A36705

Encl.: As stated above

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)
Sr.No.	Particulars	Three MonthsEnded31-Mar-21IAudltedl'	Three MonthsEnde <br 31-Dec-20I Unaudited)	Three M_onthsEnded31-Mar-20(Audited)'	YearEnded31-Mar-21(Audited!	YearEnded31-Mar-20/Audited!
1	INCOME
	a) Revenue from operalions	5,829
	b) Olher Income	-	5,1271	4,157	18,459	17,805
	Total Income	5829	5,128	7	616	49
2	Expenses			4 164	19,077	17,854
	a) Cosl of materials consumed	2,601	2,037	1,752	7,342
	b) Changes in Inventories of finished goods and work-in-progress	29	26	(87)	185	7,338(135)
	c) Employee benefits expense	868	877	785	3.259	3,355
	d) Finance Costs	4	6	6	20	22
	e) Depreciation and amortization expense	217	218	243	887	950
	f) Other Expenses	1 542	t 390	1,243	4 905	5,293
	Total Expenses	5 261	4,664	3 942	16 598	16 823
3	Profit I (Loss) before Tax (1-2)	588	574	222	2 479	1 031
4	Tax Expenses
	Current tax	2	123	30	285	126
	Deferred tax	18	167	183	95	1298
s	Net Profit for the Period (3-4)	548	518	275	2 099	1.203
6	Other Comprehensive Income (OCI)
	a) Items that w ll not be reclassified to profit or loss	1.147	1,711	11,774)	3 222	(881)
	b) Income tax relating to Items that will not be reclassified to profit or loss	(262)	(475)	522	(786)	331
	eclassified lo profit or tossc) Items that will be r	(386)	212	300	710	823
	d} Income lax relating to items that will be reclassified to profit or loss	112	1611	1881	1207l	12401
	Other Comprehensive Income	811	1 387	11 040	2 939	33
	Total Comprehensive Income after Tax (5+6)	1 159	1,905	1765	5 038	1 236
7	Paid-up Equily Share Capital (Face Value of Rs. 5 per share)	738	738	738	738	738
	Other Equity				81,169	76,427
	Earnings per Share (Basis and Diluted) (Rs.)	3 71	3.51	1.86	1 4 21	8.15

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

						(Rs. In Lakhs)
Sr.No.	Particulars	Three MonthsEnded31-Mar,21!Audited)'	Three MonthsEnded31-Dec-20I Unaudited\	Three MonthsEnded31-Mar-20/Audited'	YearEnded31-Mar-21I Audited)	YearEnded31-Mar-20(Audited I
,	Segment Revenue
	- Composite Products	4,906	4,203	3,392	15,007	14,489
	• Investment	923	924	765	3 452	3 316
	T otat t ncome	5 829	5 127	4,157	18 459	17 805
2	Segment Results
	(Profit(•) I Loss{-} before Tax
	from each sepment)
	- Composite Producls	245	275	30	619	133
	- Investment	706	628	460	2 533	2,294
	Sub Total	951	903	490	3 152	2,427
	Less· Unallocable Expenses	379	324	269	1,271	1.423
	Less· Fln•nce Cost	4	6	6	20	22
	Add·Other Income	-	1	7	618	49
	Profit before Tax	568	574	222	2,479	1 031
3	a) Segment Assets
	- Composite Products	9,281	8.372	9,249	9,281	9,249
	- Investment	78,878	77.922	73,049	78,878	73,049
	- Unallocable	3 703	3,659	3 827	3 703	3,827
	Total	91,862	89 953	86,125	91 862	86 125
	b) Segment Liabilities
	- Composite Products	4,388	3.653	4,287	4,386	4,287
	- Investment	4,328	4,311	3,582	4,328	3,582
	- Unallocable	1 241	1 241	1 091	1 241	1 091
	Total	9 955	9 205	8 960	9 955	8 960

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

			(Rs. in Lakhsl
	Sr. Particulars	Asal	As at
No.		31-Mar-21	31-Mar-20
		(Audi led)	(Audited)
	I ASSETS
	(1) NON-CURRENT ASSETS
	(a) Property, Plant and EqulpmenI	11,590	12,226
	(b) Other Intangib e assets	19	17
	(c) Intangible assets under development	16	16
	(d) Financial Assets
	(I) lnvesIments	65,355	59,696
	(ii) Loans		1,750
	(iii) Other Financial Assets	57	56
	(e) Other Non Curren! Assets	38	11
	TOTAL NON-CURRENT ASSETS	77 075	73 772
	(2) CURRENT ASSETS
	(a) Inventories	1,187	1.257
	(b) Flnanc,al Assets
	(i) Investments	3,303	2,837
	{ii) Trade rece vables	3,784	3,420
	(iii) Cash and cash equivalents	145	657
	(Iv) Bank balances other than (iii) above	75	53
	(v) Loans	4,490	2,715
	(vi) Other financial assets	1,354	1,028
	(c) Other current assets	285	195
	(d) Current tax assets (Net)	164	191
	TOTAL CURRENT ASSETS	14 787	12,353
	TOTAL ASSETS	91,862	86,125
	11 EOYIIX AND LIABILITIES
	EQUITY
	(a) Equity Share Capital	738	738
	(b) Other Equity	81169	76 427
	TOTAL EQUITY	81 907	n,1s5
	LIABILITIES
	(1) NON-CURRENT LIABILITIES
	(a) Financial Liabilities
	Borrowings-	4	44
	(b) Prov1s1ons	318	208
	(c) Deferre <i (net)<="" liab="" lities="" tax="" td="">5.4874,599	5.487	4,599
	(d) Other non-current liabilities	88	79
	TOTAL NON-CURRENT LIABILITIES	5,897	4,930
	(2) CURRENT LIABILITIES
	(a) Financial Liabihties
	( i) Borrowings		477
	(ii) Trade payables
	Total Outstanding Dues ol Micro and small enterprises-	57	48
	• Total Outstanding Dues ol Creditors other than Micro and small enterprises	3,485	3.144
	(Iii) Other financial liabilities	149	206
	(b) Other current liabilities	151	32
	(c) Provisions	216	123
	TOTAL CURRENT LIABILITIES	4,058	4,030
	TOTAL EQUITY AND LIABILITIES	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 Information upto the date of approval of these financial results expects to recover the carrying amount of the assets including financial investments The Company will continue to closely monitor any material Changes to future economic condil ions,

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 w ll come inlo effect 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 sa e 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 rupees,

: 26th May, 2021 Managing D1rector (DIN No.00535670)

Place Dated : Mumbai

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 ol C ash F low for the vear ended 31st March 2021

			(Rs. In Lakhs)
Sr	Particulars	Year Ended	Year Ended
No.		31-Mar-21	31-Mar-20
		(Audited)	(Audited)
A	Cash flow from operating activities:
	Net profit before tax	2,479	1,031
	Adjustment to reconcile profit before tax to net cash flows
	Depreciation	887	950
	Net gain on sale / fair valuation of investments through profit and loss		(1.357)
	(Profit)/Loss on Sale of property, plant and equipment (net)	(599)	(16)
	Remeasurements of defined benefit plans	(145)	(100)
	Interest expenses	20	22
	Operating profit before working capital changes	965	630
	Adjustment for
	(Increase)Decrease in Trade and other receivable	(454)	302
	(Increase) Decrease in Inventories	70	(27)
	(Decrease) Increase in Trade and other payables	(1,677)7951.376(459)917(392)739(3.009)(335)3,01518(66)(477)(295)(20)(858)77657734	(284)
	Cash generated from operations		521
	Add/(Deduct):
	Direct taxes paid (net)		(109)
	Net cash generated from operating activities		412
lв	Cash generated from Investing activities
	Purchase of property, plant and equipment		(685)
	Proceeds from sale of property, plant and equipment		27
	Purchase of investments (net)		(1.733)
	(Increase)/decrease in inter- corporate and other deposits		600
	Income from Investment (net)		2,107
	Net cash flow (used in) from investing activities		316
lc	Cash generated from financing activities
	Proceeds/(repayment) from long-term borrowings (net)		(86)
	Proceeds/(repayment) from short-term borrowings (net)		318
	Dividend paid (including corporate dividend tax)		(356)
	Interest paid		(22)
	Cash generated from financing activities		(146)
ID.	Net Increase/ Decrease In cash and cash equivalent (A+B+C)		582
	At the beginning of the year		75
	At the end of the year (Refer note below)		657
	Note: The Closing Cash and Cash Equivalents include investment in Liquid Mutual fund of Rs. 589 lakhs (Previous Year Rs, Nil).

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ŵƉŚĂƐŝƐŽĨDĂƚƚĞƌ

tĞ ĚƌĂǁ LJŽƵƌ ĂƚƚĞŶƚŝŽŶ ƚŽ ŶŽƚĞ ŶŽ Ϯ ŽĨ ƚŚĞ ƐƚĂŶĚĂůŽŶĞ ĨŝŶĂŶĐŝĂů ƌĞƐƵůƚƐ ǁŝƚŚ ƌĞŐĂƌĚ ƚŽ DĂŶĂŐĞŵĞŶƚ͛Ɛ ĂƐƐĞƐƐŵĞŶƚŽĨƌĞĂůŝƐĂďŝůŝƚLJŽĨĂƐƐĞƚƐŝŶĐůƵĚŝŶŐĨŝŶĂŶĐŝĂů/ŶǀĞƐƚŵĞŶƚƐĚƵĞƚŽƌĞĐĞŶƚƐƵƌŐĞŝŶKs/ϭϵƉĂŶĚĞŵŝĐ ŽƵƚďƌĞĂŬ͘dŚĞŵĂŶĂŐĞŵĞŶƚĂƉĂƌƚĨƌŽŵĐŽŶƐŝĚĞƌŝŶŐƚŚĞŝŶƚĞƌŶĂůĂŶĚĞdžƚĞƌŶĂůŝŶĨŽƌŵĂƚŝŽŶƵƉƚŽƚŚĞĚĂƚĞŽĨ ĂƉƉƌŽǀĂů ŽĨ ƚŚĞƐĞ ƐƚĂŶĚĂůŽŶĞ ĨŝŶĂŶĐŝĂů ƌĞƐƵůƚƐ ĞdžƉĞĐƚƐ ƚŽ ƌĞĐŽǀĞƌ ƚŚĞ ĐĂƌƌLJŝŶŐ ĂŵŽƵŶƚ ŽĨ ƚŚĞƐĞ ĂƐƐĞƚƐ͕ ŝŶĐůƵĚŝŶŐĨŝŶĂŶĐŝĂůŝŶǀĞƐƚŵĞŶƚƐ͘ŽŶƐŝĚĞƌŝŶŐƚŚĞĐŽŶƚŝŶƵŝŶŐƵŶĐĞƌƚĂŝŶƚŝĞƐ͕ƚŚĞŵĂŶĂŐĞŵĞŶƚǁŝůůĐŽŶƚŝŶƵĞƚŽ ĐůŽƐĞůLJŵŽŶŝƚŽƌĂŶLJŵĂƚĞƌŝĂůĐŚĂŶŐĞƐ ƚŽ ĨƵƚƵƌĞĞĐŽŶŽŵŝĐĐŽŶĚŝƚŝŽŶƐĂŶĚĚŽĞƐŶŽƚĂŶƚŝĐŝƉĂƚĞĂŶLJŵĂƚĞƌŝĂů ĨŝŶĂŶĐŝĂůŽƌŽƉĞƌĂƚŝŽŶĂůŝƐƐƵĞƐŝŶƚŚĞƐŚŽƌƚƚĞƌŵĂƐǁĞůůĂƐŽŶĂůŽŶŐͲƚĞƌŵďĂƐŝƐ͘

KƵƌŽƉŝŶŝŽŶŽŶƚŚĞƐƚĂŶĚĂůŽŶĞĨŝŶĂŶĐŝĂůƌĞƐƵůƚƐŝƐŶŽƚŵŽĚŝĨŝĞĚŝŶƌĞƐƉĞĐƚŽĨĂďŽǀĞŵĂƚƚĞƌ͘

DĂŶĂŐĞŵĞŶƚ͛ƐZĞƐƉŽŶƐŝďŝůŝƚŝĞƐĨŽƌƚŚĞ^ƚĂŶĚĂůŽŶĞ&ŝŶĂŶĐŝĂůZĞƐƵůƚƐ

dŚĞƐĞƋƵĂƌƚĞƌůLJĨŝŶĂŶĐŝĂůƌĞƐƵůƚƐĂƐǁĞůůĂƐLJĞĂƌƚŽĚĂƚĞĨŝŶĂŶĐŝĂůƌĞƐƵůƚƐŚĂǀĞďĞĞŶƉƌĞƉĂƌĞĚŽŶƚŚĞďĂƐŝƐŽĨ ƚŚĞƐƚĂŶĚĂůŽŶĞĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ͘dŚĞŽŵƉĂŶLJ͛ƐŽĂƌĚŽĨŝƌĞĐƚŽƌƐĂƌĞƌĞƐƉŽŶƐŝďůĞĨŽƌƚŚĞƉƌĞƉĂƌĂƚŝŽŶŽĨ ƚŚĞƐĞƐƚĂŶĚĂůŽŶĞ ĨŝŶĂŶĐŝĂůƌĞƐƵůƚƐƚŚĂƚŐŝǀĞĂƚƌƵĞĂŶĚ ĨĂŝƌǀŝĞǁŽĨƚŚĞŶĞƚƉƌŽĨŝƚĂŶĚŽƚŚĞƌĐŽŵƉƌĞŚĞŶƐŝǀĞ ŝŶĐŽŵĞĂŶĚŽƚŚĞƌ ĨŝŶĂŶĐŝĂůŝŶĨŽƌŵĂƚŝŽŶŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞĂƉƉůŝĐĂďůĞĂĐĐŽƵŶƚŝŶŐƐƚĂŶĚĂƌĚƐƉƌĞƐĐƌŝďĞĚ ƵŶĚĞƌ^ĞĐƚŝŽŶ ϭϯϯŽĨ ƚŚĞĐƚ͕ ƌĞĂĚǁŝƚŚ ƌĞůĞǀĂŶƚ ƌƵůĞƐŝƐƐƵĞĚ ƚŚĞƌĞƵŶĚĞƌĂŶĚŽƚŚĞƌĂĐĐŽƵŶƚŝŶŐ ƉƌŝŶĐŝƉůĞƐ

ŐĞŶĞƌĂůůLJĂĐĐĞƉƚĞĚŝŶ/ŶĚŝĂĂŶĚŝŶĐŽŵƉůŝĂŶĐĞǁŝƚŚZĞŐƵůĂƚŝŽŶϯϯŽĨƚŚĞ>ŝƐƚŝŶŐZĞŐƵůĂƚŝŽŶƐ͘dŚŝƐƌĞƐƉŽŶƐŝďŝůŝƚLJ ĂůƐŽŝŶĐůƵĚĞƐŵĂŝŶƚĞŶĂŶĐĞŽĨĂĚĞƋƵĂƚĞĂĐĐŽƵŶƚŝŶŐƌĞĐŽƌĚƐŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞƉƌŽǀŝƐŝŽŶƐŽĨƚŚĞĐƚĨŽƌ ƐĂĨĞŐƵĂƌĚŝŶŐŽĨƚŚĞĂƐƐĞƚƐŽĨƚŚĞŽŵƉĂŶLJĂŶĚĨŽƌƉƌĞǀĞŶƚŝŶŐĂŶĚĚĞƚĞĐƚŝŶŐĨƌĂƵĚƐĂŶĚŽƚŚĞƌŝƌƌĞŐƵůĂƌŝƚŝĞƐ͖ ƐĞůĞĐƚŝŽŶ ĂŶĚ ĂƉƉůŝĐĂƚŝŽŶ ŽĨ ĂƉƉƌŽƉƌŝĂƚĞ ĂĐĐŽƵŶƚŝŶŐ ƉŽůŝĐŝĞƐ͖ ŵĂŬŝŶŐ ũƵĚŐŵĞŶƚƐ ĂŶĚ ĞƐƚŝŵĂƚĞƐ ƚŚĂƚ ĂƌĞ ƌĞĂƐŽŶĂďůĞ ĂŶĚ ƉƌƵĚĞŶƚ͖ ĂŶĚ ĚĞƐŝŐŶ͕ ŝŵƉůĞŵĞŶƚĂƚŝŽŶ ĂŶĚ ŵĂŝŶƚĞŶĂŶĐĞ ŽĨ ĂĚĞƋƵĂƚĞ ŝŶƚĞƌŶĂů ĨŝŶĂŶĐŝĂů ĐŽŶƚƌŽůƐ͕ ƚŚĂƚ ǁĞƌĞ ŽƉĞƌĂƚŝŶŐ ĞĨĨĞĐƚŝǀĞůLJ ĨŽƌ ĞŶƐƵƌŝŶŐ ƚŚĞ ĂĐĐƵƌĂĐLJ ĂŶĚ ĐŽŵƉůĞƚĞŶĞƐƐ ŽĨ ƚŚĞ ĂĐĐŽƵŶƚŝŶŐ ƌĞĐŽƌĚƐ͕ƌĞůĞǀĂŶƚƚŽƚŚĞƉƌĞƉĂƌĂƚŝŽŶĂŶĚƉƌĞƐĞŶƚĂƚŝŽŶŽĨƚŚĞĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐƚŚĂƚŐŝǀĞĂƚƌƵĞĂŶĚĨĂŝƌǀŝĞǁ ĂŶĚĂƌĞĨƌĞĞĨƌŽŵŵĂƚĞƌŝĂůŵŝƐƐƚĂƚĞŵĞŶƚ͕ǁŚĞƚŚĞƌĚƵĞƚŽĨƌĂƵĚŽƌĞƌƌŽƌ͘

/ŶƉƌĞƉĂƌŝŶŐƚŚĞĨŝŶĂŶĐŝĂůƌĞƐƵůƚƐ͕ƚŚĞŽĂƌĚŽĨŝƌĞĐƚŽƌƐĂƌĞƌĞƐƉŽŶƐŝďůĞĨŽƌĂƐƐĞƐƐŝŶŐƚŚĞŽŵƉĂŶLJ͛ƐĂďŝůŝƚLJ ƚŽĐŽŶƚŝŶƵĞĂƐĂŐŽŝŶŐĐŽŶĐĞƌŶ͕ĚŝƐĐůŽƐŝŶŐ͕ĂƐĂƉƉůŝĐĂďůĞ͕ŵĂƚƚĞƌƐƌĞůĂƚĞĚƚŽŐŽŝŶŐĐŽŶĐĞƌŶĂŶĚƵƐŝŶŐƚŚĞŐŽŝŶŐ ĐŽŶĐĞƌŶďĂƐŝƐŽĨĂĐĐŽƵŶƚŝŶŐƵŶůĞƐƐƚŚĞŽĂƌĚŽĨŝƌĞĐƚŽƌƐĞŝƚŚĞƌŝŶƚĞŶĚƐƚŽůŝƋƵŝĚĂƚĞƚŚĞŽŵƉĂŶLJŽƌƚŽĐĞĂƐĞ ŽƉĞƌĂƚŝŽŶƐ͕ŽƌŚĂƐŶŽƌĞĂůŝƐƚŝĐĂůƚĞƌŶĂƚŝǀĞďƵƚƚŽĚŽƐŽ͘

dŚĞŽĂƌĚŽĨŝƌĞĐƚŽƌƐĂƌĞĂůƐŽƌĞƐƉŽŶƐŝďůĞĨŽƌŽǀĞƌƐĞĞŝŶŐƚŚĞŽŵƉĂŶLJ͛ƐĨŝŶĂŶĐŝĂůƌĞƉŽƌƚŝŶŐƉƌŽĐĞƐƐ͘

ƵĚŝƚŽƌ͛ƐZĞƐƉŽŶƐŝďŝůŝƚŝĞƐĨŽƌƚŚĞƵĚŝƚŽĨƚŚĞ^ƚĂŶĚĂůŽŶĞ&ŝŶĂŶĐŝĂůZĞƐƵůƚƐ

KƵƌŽďũĞĐƚŝǀĞƐĂƌĞƚŽŽďƚĂŝŶƌĞĂƐŽŶĂďůĞĂƐƐƵƌĂŶĐĞĂďŽƵƚǁŚĞƚŚĞƌƚŚĞƐƚĂŶĚĂůŽŶĞĨŝŶĂŶĐŝĂůƌĞƐƵůƚƐĂƐĂǁŚŽůĞ ĂƌĞ ĨƌĞĞ ĨƌŽŵŵĂƚĞƌŝĂůŵŝƐƐƚĂƚĞŵĞŶƚ͕ǁŚĞƚŚĞƌĚƵĞ ƚŽ ĨƌĂƵĚŽƌĞƌƌŽƌ͕ĂŶĚ ƚŽŝƐƐƵĞĂŶĂƵĚŝƚŽƌ͛Ɛ ƌĞƉŽƌƚ ƚŚĂƚ ŝŶĐůƵĚĞƐŽƵƌŽƉŝŶŝŽŶ͘ZĞĂƐŽŶĂďůĞĂƐƐƵƌĂŶĐĞŝƐĂŚŝŐŚůĞǀĞůŽĨĂƐƐƵƌĂŶĐĞďƵƚŝƐŶŽƚĂŐƵĂƌĂŶƚĞĞƚŚĂƚĂŶĂƵĚŝƚ ĐŽŶĚƵĐƚĞĚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚ^ƐǁŝůůĂůǁĂLJƐĚĞƚĞĐƚĂŵĂƚĞƌŝĂůŵŝƐƐƚĂƚĞŵĞŶƚǁŚĞŶŝƚĞdžŝƐƚƐ͘DŝƐƐƚĂƚĞŵĞŶƚƐ ĐĂŶ ĂƌŝƐĞ ĨƌŽŵ ĨƌĂƵĚ ŽƌĞƌƌŽƌ ĂŶĚ ĂƌĞ ĐŽŶƐŝĚĞƌĞĚŵĂƚĞƌŝĂů ŝĨ͕ ŝŶĚŝǀŝĚƵĂůůLJ Žƌ ŝŶ ƚŚĞ ĂŐŐƌĞŐĂƚĞ͕ ƚŚĞLJ ĐŽƵůĚ ƌĞĂƐŽŶĂďůLJďĞĞdžƉĞĐƚĞĚ ƚŽŝŶĨůƵĞŶĐĞ ƚŚĞĞĐŽŶŽŵŝĐĚĞĐŝƐŝŽŶƐŽĨƵƐĞƌƐƚĂŬĞŶŽŶƚŚĞďĂƐŝƐŽĨ ƚŚĞƐĞ ĨŝŶĂŶĐŝĂů ƌĞƐƵůƚƐ͘

Ɛ ƉĂƌƚ ŽĨĂŶĂƵĚŝƚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚ^Ɛ͕ǁĞĞdžĞƌĐŝƐĞ ƉƌŽĨĞƐƐŝŽŶĂůũƵĚŐŵĞŶƚĂŶĚŵĂŝŶƚĂŝŶ ƉƌŽĨĞƐƐŝŽŶĂů ƐŬĞƉƚŝĐŝƐŵƚŚƌŽƵŐŚŽƵƚƚŚĞĂƵĚŝƚ͘tĞĂůƐŽ͗

• x /ĚĞŶƚŝĨLJĂŶĚĂƐƐĞƐƐƚŚĞƌŝƐŬƐŽĨŵĂƚĞƌŝĂůŵŝƐƐƚĂƚĞŵĞŶƚŽĨƚŚĞƐƚĂŶĚĂůŽŶĞĨŝŶĂŶĐŝĂůƌĞƐƵůƚƐ͕ǁŚĞƚŚĞƌĚƵĞƚŽ ĨƌĂƵĚŽƌĞƌƌŽƌ͕ĚĞƐŝŐŶĂŶĚƉĞƌĨŽƌŵĂƵĚŝƚƉƌŽĐĞĚƵƌĞƐƌĞƐƉŽŶƐŝǀĞƚŽƚŚŽƐĞƌŝƐŬƐ͕ĂŶĚŽďƚĂŝŶĂƵĚŝƚĞǀŝĚĞŶĐĞ ƚŚĂƚŝƐƐƵĨĨŝĐŝĞŶƚĂŶĚĂƉƉƌŽƉƌŝĂƚĞƚŽƉƌŽǀŝĚĞĂďĂƐŝƐĨŽƌŽƵƌŽƉŝŶŝŽŶ͘dŚĞƌŝƐŬŽĨŶŽƚĚĞƚĞĐƚŝŶŐĂŵĂƚĞƌŝĂů ŵŝƐƐƚĂƚĞŵĞŶƚ ƌĞƐƵůƚŝŶŐ ĨƌŽŵ ĨƌĂƵĚ ŝƐ ŚŝŐŚĞƌ ƚŚĂŶ ĨŽƌ ŽŶĞ ƌĞƐƵůƚŝŶŐ ĨƌŽŵ ĞƌƌŽƌ͕ ĂƐ ĨƌĂƵĚ ŵĂLJ ŝŶǀŽůǀĞ ĐŽůůƵƐŝŽŶ͕ĨŽƌŐĞƌLJ͕ŝŶƚĞŶƚŝŽŶĂůŽŵŝƐƐŝŽŶƐ͕ŵŝƐƌĞƉƌĞƐĞŶƚĂƚŝŽŶƐ͕ŽƌƚŚĞŽǀĞƌƌŝĚĞŽĨŝŶƚĞƌŶĂůĐŽŶƚƌŽů͘
• x KďƚĂŝŶĂŶƵŶĚĞƌƐƚĂŶĚŝŶŐŽĨŝŶƚĞƌŶĂůĐŽŶƚƌŽůƌĞůĞǀĂŶƚƚŽƚŚĞĂƵĚŝƚŝŶŽƌĚĞƌƚŽĚĞƐŝŐŶĂƵĚŝƚƉƌŽĐĞĚƵƌĞƐƚŚĂƚ ĂƌĞĂƉƉƌŽƉƌŝĂƚĞŝŶƚŚĞĐŝƌĐƵŵƐƚĂŶĐĞƐďƵƚŶŽƚĨŽƌƚŚĞƉƵƌƉŽƐĞŽĨĞdžƉƌĞƐƐŝŶŐĂŶŽƉŝŶŝŽŶŽŶƚŚĞĞĨĨĞĐƚŝǀĞŶĞƐƐ ŽĨƚŚĞŽŵƉĂŶLJ͛ƐŝŶƚĞƌŶĂůĐŽŶƚƌŽů͘
• x ǀĂůƵĂƚĞƚŚĞĂƉƉƌŽƉƌŝĂƚĞŶĞƐƐŽĨĂĐĐŽƵŶƚŝŶŐƉŽůŝĐŝĞƐƵƐĞĚĂŶĚƚŚĞƌĞĂƐŽŶĂďůĞŶĞƐƐŽĨĂĐĐŽƵŶƚŝŶŐĞƐƚŝŵĂƚĞƐ ĂŶĚƌĞůĂƚĞĚĚŝƐĐůŽƐƵƌĞƐŵĂĚĞďLJƚŚĞŽĂƌĚŽĨŝƌĞĐƚŽƌƐ͘
• x ŽŶĐůƵĚĞŽŶƚŚĞĂƉƉƌŽƉƌŝĂƚĞŶĞƐƐŽĨƚŚĞŽĂƌĚŽĨŝƌĞĐƚŽƌƐ͛ƵƐĞŽĨƚŚĞŐŽŝŶŐĐŽŶĐĞƌŶďĂƐŝƐŽĨĂĐĐŽƵŶƚŝŶŐ ĂŶĚ͕ďĂƐĞĚŽŶƚŚĞĂƵĚŝƚĞǀŝĚĞŶĐĞŽďƚĂŝŶĞĚ͕ǁŚĞƚŚĞƌĂŵĂƚĞƌŝĂůƵŶĐĞƌƚĂŝŶƚLJĞdžŝƐƚƐƌĞůĂƚĞĚƚŽĞǀĞŶƚƐŽƌ ĐŽŶĚŝƚŝŽŶƐƚŚĂƚŵĂLJĐĂƐƚƐŝŐŶŝĨŝĐĂŶƚĚŽƵďƚŽŶƚŚĞŽŵƉĂŶLJ͛ƐĂďŝůŝƚLJƚŽĐŽŶƚŝŶƵĞĂƐĂŐŽŝŶŐĐŽŶĐĞƌŶ͘/ĨǁĞ ĐŽŶĐůƵĚĞƚŚĂƚĂŵĂƚĞƌŝĂůƵŶĐĞƌƚĂŝŶƚLJĞdžŝƐƚƐ͕ǁĞĂƌĞƌĞƋƵŝƌĞĚƚŽĚƌĂǁĂƚƚĞŶƚŝŽŶŝŶŽƵƌĂƵĚŝƚŽƌ͛ƐƌĞƉŽƌƚƚŽ ƚŚĞƌĞůĂƚĞĚĚŝƐĐůŽƐƵƌĞƐŝŶƚŚĞƐƚĂŶĚĂůŽŶĞĨŝŶĂŶĐŝĂůƌĞƐƵůƚƐŽƌ͕ŝĨƐƵĐŚĚŝƐĐůŽƐƵƌĞƐĂƌĞŝŶĂĚĞƋƵĂƚĞ͕ƚŽŵŽĚŝĨLJ ŽƵƌŽƉŝŶŝŽŶ͘KƵƌĐŽŶĐůƵƐŝŽŶƐĂƌĞďĂƐĞĚŽŶƚŚĞĂƵĚŝƚĞǀŝĚĞŶĐĞŽďƚĂŝŶĞĚƵƉƚŽƚŚĞĚĂƚĞŽĨŽƵƌĂƵĚŝƚŽƌ͛Ɛ ƌĞƉŽƌƚ͘,ŽǁĞǀĞƌ͕ ĨƵƚƵƌĞĞǀĞŶƚƐŽƌĐŽŶĚŝƚŝŽŶƐŵĂLJĐĂƵƐĞ ƚŚĞŽŵƉĂŶLJƚŽĐĞĂƐĞ ƚŽĐŽŶƚŝŶƵĞĂƐĂŐŽŝŶŐ ĐŽŶĐĞƌŶ͘
• x ǀĂůƵĂƚĞƚŚĞŽǀĞƌĂůůƉƌĞƐĞŶƚĂƚŝŽŶ͕ƐƚƌƵĐƚƵƌĞĂŶĚĐŽŶƚĞŶƚŽĨƚŚĞƐƚĂŶĚĂůŽŶĞĨŝŶĂŶĐŝĂůƌĞƐƵůƚƐ͕ŝŶĐůƵĚŝŶŐƚŚĞ ĚŝƐĐůŽƐƵƌĞƐ͕ ĂŶĚ ǁŚĞƚŚĞƌ ƚŚĞ ƐƚĂŶĚĂůŽŶĞ ĨŝŶĂŶĐŝĂů ƌĞƐƵůƚƐ ƌĞƉƌĞƐĞŶƚ ƚŚĞ ƵŶĚĞƌůLJŝŶŐ ƚƌĂŶƐĂĐƚŝŽŶƐ ĂŶĚ ĞǀĞŶƚƐŝŶĂŵĂŶŶĞƌƚŚĂƚĂĐŚŝĞǀĞƐĨĂŝƌƉƌĞƐĞŶƚĂƚŝŽŶ͘

tĞĐŽŵŵƵŶŝĐĂƚĞǁŝƚŚƚŚŽƐĞĐŚĂƌŐĞĚǁŝƚŚŐŽǀĞƌŶĂŶĐĞƌĞŐĂƌĚŝŶŐ͕ĂŵŽŶŐŽƚŚĞƌŵĂƚƚĞƌƐ͕ƚŚĞƉůĂŶŶĞĚƐĐŽƉĞ ĂŶĚƚŝŵŝŶŐŽĨƚŚĞĂƵĚŝƚĂŶĚƐŝŐŶŝĨŝĐĂŶƚĂƵĚŝƚĨŝŶĚŝŶŐƐ͕ŝŶĐůƵĚŝŶŐĂŶLJƐŝŐŶŝĨŝĐĂŶƚĚĞĨŝĐŝĞŶĐŝĞƐŝŶŝŶƚĞƌŶĂůĐŽŶƚƌŽů ƚŚĂƚǁĞŝĚĞŶƚŝĨLJĚƵƌŝŶŐŽƵƌĂƵĚŝƚ͘

tĞĂůƐŽƉƌŽǀŝĚĞƚŚŽƐĞĐŚĂƌŐĞĚǁŝƚŚŐŽǀĞƌŶĂŶĐĞǁŝƚŚĂƐƚĂƚĞŵĞŶƚƚŚĂƚǁĞŚĂǀĞĐŽŵƉůŝĞĚǁŝƚŚƌĞůĞǀĂŶƚĞƚŚŝĐĂů ƌĞƋƵŝƌĞŵĞŶƚƐƌĞŐĂƌĚŝŶŐŝŶĚĞƉĞŶĚĞŶĐĞ͕ĂŶĚƚŽĐŽŵŵƵŶŝĐĂƚĞǁŝƚŚƚŚĞŵĂůůƌĞůĂƚŝŽŶƐŚŝƉƐĂŶĚŽƚŚĞƌŵĂƚƚĞƌƐ ƚŚĂƚŵĂLJƌĞĂƐŽŶĂďůLJďĞƚŚŽƵŐŚƚƚŽďĞĂƌŽŶŽƵƌŝŶĚĞƉĞŶĚĞŶĐĞ͕ĂŶĚǁŚĞƌĞĂƉƉůŝĐĂďůĞ͕ƌĞůĂƚĞĚƐĂĨĞŐƵĂƌĚƐ͘

KƚŚĞƌDĂƚƚĞƌ͗

dŚĞ^ƚĂŶĚĂůŽŶĞ&ŝŶĂŶĐŝĂůZĞƐƵůƚƐŝŶĐůƵĚĞƚŚĞƌĞƐƵůƚƐĨŽƌƚŚĞƋƵĂƌƚĞƌĞŶĚĞĚDĂƌĐŚϯϭ͕ϮϬϮϭĂŶĚĐŽƌƌĞƐƉŽŶĚŝŶŐ ƋƵĂƌƚĞƌ ĞŶĚĞĚ ŽĨ ƚŚĞ ƉƌĞǀŝŽƵƐ LJĞĂƌ ďĞŝŶŐ ƚŚĞ ďĂůĂŶĐŝŶŐ ĨŝŐƵƌĞ ďĞƚǁĞĞŶ ĂƵĚŝƚĞĚ ĨŝŐƵƌĞƐ ŝŶ ƌĞƐƉĞĐƚ ŽĨ ĨƵůů ĨŝŶĂŶĐŝĂůLJĞĂƌĂŶĚ ƚŚĞƉƵďůŝƐŚĞĚƵŶĂƵĚŝƚĞĚLJĞĂƌƚŽĚĂƚĞ ĨŝŐƵƌĞƐƵƉ ƚŽƚŚĞƚŚŝƌĚƋƵĂƌƚĞƌŽĨƚŚĞĐƵƌƌĞŶƚĂŶĚ ƉƌĞǀŝŽƵƐĨŝŶĂŶĐŝĂůLJĞĂƌǁŚŝĐŚǁĞƌĞƐƵďũĞĐƚƚŽůŝŵŝƚĞĚƌĞǀŝĞǁďLJƵƐ͘

KƵƌŽƉŝŶŝŽŶŽŶƚŚĞƐƚĂŶĚĂůŽŶĞĨŝŶĂŶĐŝĂůƌĞƐƵůƚƐŝƐŶŽƚŵŽĚŝĨŝĞĚŝŶƌĞƐƉĞĐƚŽĨƚŚĞĂďŽǀĞŵĂƚƚĞƌ͘

&ŽƌĂŐĂƌŝĂĂŶĚŽ͘>>W ŚĂƌƚĞƌĞĚĐĐŽƵŶƚĂŶƚƐ //&ZE ʹ ϭϭϯϰϰϳtͬtͲϭϬϬϬϭϵ

VINAY P SOMANI

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'

sŝŶĂLJ^ŽŵĂŶŝ ĂƚĞ͗DĂLJϮϲ͕ϮϬϮϭ DĞŵďĞƌƐŚŝƉEŽ͘ϭϰϯϱϬϯ h/E͗ ϮϭϭϰϯϱϬϯ/Zϭϵϴϰ

WůĂĐĞ͗DƵŵďĂŝ WĂƌƚŶĞƌ

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

			(Rs. In lakhs, ucept per share data)
Sr.No.	Particulars	Three MonthsEnded31-Mar-21(Audited)'	Three MonthsEnded31-0ec-20/Unaudited I	Three MonthsEnded31-Mar-20IAudltedl.	YearEnded31-Mar-21/Audited}	YearEnded31-Mar-20(Audited!
1	INCOME
	e) Revenue lrom operations	5,829	5,127	4,157
	b) Other Income				18,459	17,805
	Total Income	5 829	15,128	74,164	61819,077	49
2	Expenses					17 854
	a) Cosl of materials consumed	2,601	2.037	1,752	7.342	7,338
	b) Changes in Inventories of finished goods and work-in-progress	29	26	(87)	185	(135)
	c} Employee benefits exi,ense	868	877	785	3,259	3.355
	d) Finance Costs	4	6	6	20	22
	e) Depreciation and amortization expense	217	218	243	887	950
	I) Other Expenses	1 542	1 390	1 243	4 905	5 293
	Total Expenses	5 261	4,554	3 942	16 598	16 823
3	Profit before tax and share of joint venture (1-2}	568	574	222	2 479	1 031
4	Share of (loss) of joint venture	(10	1311	1431	(127)	1156
5	Profit before tax ( 3+4)	558	543	179	2 352	875
	Tax Expenses
	Current tax	2	123	30	285	126
	Deferred lax	18	167	1831	95	1298
7	Net Profit for the Pertod (5�)	538	487	232	1972	1 047
8	Other Comprehenalve Income (OCI)
	a) Items that will not be reclassified to profit or loss	1,147	2,201	(1,774)	4.202	(881)
	b) Income tax relating to items that will not be reclassified to profit or loss	24	(618)	522	(786)	331
	c) Items that will be reclassWied lo prom or oss	(386)	212	300	710	823
	d) Income tax relating to items that will be reclassified to profit or loss	112	1611	188	12071	r2401
	Other Comprehensive Income	897	1,734	11 040	3,919	33
	Total Comprehensive Income after Tax (7+8}	1,435	2,221	1808!	5,891	1 080
	Paid-up Equity Share Capital (Face Value of Rs, 5 per share)	738	738	738	738	738
10	Other Equity				80,961	75,366
	Earnings per Share (Basis and Diluted) (Rs.)	3,64	3,30	1,57	13.35	7,09

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

							(Rs. In l.akhs)
Sr.No.	Particulars		Three MonthsEnded31-Mar-21(Audited)•	Three MonthsEnded31-Dec-20/Unaudited!	Three MonthsEnded31-Mar-20IAudltedl •	YearEnded31-Mar-21fAuditedl	YearEnded31-Mar-20(Audltedl
1	Segment Revenue
	• Composite Products		4,906	4,203	3,392	15,007	14,489
	• Investment		923	924	765	3 452	3 316
		Total Income	5 829	5.127	4 157	18 459	17,805
2	Segment Results
	(Profit(+) I Loss(·) before Taxfrom each seQment I• Composite Products		245	275
	• Investment		706	628	30	619	133
		Sub Total	951	903	460490	2 5333 152	2 294
	less: Unal locable Expenses		379	324			2 427
	Less: Loss of joint venture		10	31	26943	1,271127	1.423
	Less: Finance Cost		4	6	6	20	15622
	I Add: Other Income			1	7	618	49
		Profit before Tax	558	543	179	2,352	875
3	a} Segment Assets
	-Composite Products		9,227	8,339	9.224	9,227	9,224
	• Investment		78,878	76,942	72,069	78,878	72.069
	• Unallocable		3 703	3 659	3 827	3 703	3 827
		Total	91,808	88,940	85120	91,808	85120
	b) Segment Llabllltles
	• Composite Products		4,540	3,817	4,343	4,540	4,343
	• Investment		4,328	4,311	3,582	4,328	3,582
	• Unallocable		1 241	1 241	1,091	1 241	1.091
		Total	10,109	9 369	9016	10 109	9 016

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

Sr. ParticularsAs at31-Mar-21(Audited)(Audited)I ASSETS(1) NON-CURRENT ASSETS(a) Property, Plant and Equipment11 590(b) Other Intangible assets19(c) Intangible assets under development16(d) Financial Assets(I) Investments65,355(ii) Loans(iii) Other Financial Assets57(e) Other Non Current Assets38TOTAL NON-CURRENT ASSETS77,075(2) CURRENT ASSETS(a) Inventories1,186(b} Financial Assets(i) Investments3,303(ii) Trade receivables3,731(iii) Cash and cash equivalents145(iv) Bank balances other than (ill) above75(v) Loans4.490(vi) Other financial assets1,354(c) Other current assels285(d) Current ta, assets (Net)164TOTAL CURRENT ASSETS14,733TOTAL ASSETS9180811 EOUIJY AND LIABILITIESEQUITY(a) Equity Share Capital738738(b) Other Equity8096175366TOTAL EQUITY8169976104LIABILITIES(1) NON-CURRENT LIABILITIES(a) Financial Liabilities• Borrowings4(b) Provisions318(c) Deferred tax liabilities (Nell5,487(di Other non-cun-ent liabilities88TOTAL NON-CURRENT LIABILITIES5 897(2) CURRENT LIABILITIES(a) Financ al Liabilities(i) Bon-owings(ii) Trade payables• Total Outstanding Dues of M1c,o and small enterprises57• Total Outstanding Dues of Creditors other then Micro and small enletprisas3,639(iii) Other financial liab lities149(b) Other currenl liabilities151(c) Provisions216TOTAL CURRENT LIABILITIES4 212			(Rs, in Lakhs]
	No.		Aaat31-Mar-20
			12,226
			17
			16
			58,716
			1,750
			56
			11
			72,792
			1,257
			2,837
			3,395
			657
			53
			2.715
			1,028
			195
			191
			12 328
			85120
			44
			208
			4,599
			79
			4930
			477
			48
			3,200
			206
			32
			123
			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 restr ctions 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 capac ty 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.

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

			(Rs. In Lakha\
Sr.No.	Particular■	Year Ended31-Mar-21(Audited)	Year Ended31-Mar-20(Audited)
A	Cash flow from operating activities:
	Net profit before tax		876
	Adjustment to reconcile profit before tax to net cash flows
	Depreciation	887	950
	Net gain on sale/ fair valuation of Investments through profit and loss		(1,357)
	(Profll)/Loss on Sale or property, plant and equipment (nel)		(16)
	Rerneasurements or defined benefit plans	(145)	(100)
	Interest expenses	20	22
	Operating profit before working capital changes	838	374
	Adjuatment for
	(lncrease)Decrease in Trade and other receivable	(426)	302
	(lncrease)Decrease in Inventories	70	(27)
	(Decrease)lncrease in Trade and other payables	894	1264\
	Caah generated from operations	1 378	36e
	Add/(Oeducl):
	Direct taxes paid (net)		1109
	Net cash generated from operating activities		256
B	Cash generated from Investing 1ct1V1tles
	Purchase or propeny, plant and equipment	(392)	(685)
	Proceeds from sale of property, plant and equipment	739	27
	Purchase of investments (net)	(3,009)	(1,577)
	(lncrease)/decrease In Inter-corporate and other deposits	(335)	600
	Income from Investment (net)		2107
	Net cash flow (used in) from investing activities		472
C	Ca1h generated from financing activitlea
	Proceeds/(repaymenl) from long-term borrowings (net)	(66)	(86)
	Proceedsl(repaymenl) from short-term borrowings (net)	{477)	318
	Dividend paid (including corporate dividend lax)	2,352(1,677)(599){459'917301518{295)1201(858177657734	(356)
	Interest paid		122\
	Cash generated from financing activities		1148
D	Net Increase/ Decrease In ca1h and cash equivalent ( A+B+CJ		582
	Cash and Cash equivalents		75
	At the end of the year (Refer nole below)		657
	Nole: The Closina Cash and Cash Eau,valents Include investment In Llauld Mutual fund of Rs. 589 lakhs I Previous Year Rs. Nill

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ŽĂƌĚŽĨŝƌĞĐƚŽƌƐ͛ZĞƐƉŽŶƐŝďŝůŝƚŝĞƐĨŽƌƚŚĞŽŶƐŽůŝĚĂƚĞĚ&ŝŶĂŶĐŝĂůZĞƐƵůƚƐ

dŚĞƐĞĐŽŶƐŽůŝĚĂƚĞĚ ĨŝŶĂŶĐŝĂů ƌĞƐƵůƚƐŚĂǀĞďĞĞŶƉƌĞƉĂƌĞĚŽŶ ƚŚĞďĂƐŝƐŽĨ ƚŚĞĐŽŶƐŽůŝĚĂƚĞĚĂŶŶƵĂů ĨŝŶĂŶĐŝĂů ƐƚĂƚĞŵĞŶƚƐ͘dŚĞ,ŽůĚŝŶŐŽŵƉĂŶLJ͛ƐŽĂƌĚŽĨŝƌĞĐƚŽƌƐĂƌĞƌĞƐƉŽŶƐŝďůĞĨŽƌƚŚĞƉƌĞƉĂƌĂƚŝŽŶĂŶĚƉƌĞƐĞŶƚĂƚŝŽŶ

DN: c=IN, o=Personal, postalCode=401101, st=Maharashtra, 2.5.4.20=5f59851a318de0e393ff11847d9edf 97ee8cd10dc81b807362e3d3e65c0f4c5d, serialNumber=21c1cff7206d8be65a864d3a d2203124efc912b70b36f6dd03552bb70772 059b, cn=VINAY P SOMANI Date: 2021.05.26 16:42:44 +05'30'

Digitally signed by VINAY P SOMANI

ŽĨƚŚĞƐĞĐŽŶƐŽůŝĚĂƚĞĚĨŝŶĂŶĐŝĂůƌĞƐƵůƚƐƚŚĂƚŐŝǀĞĂƚƌƵĞĂŶĚĨĂŝƌǀŝĞǁŽĨƚŚĞŶĞƚƉƌŽĨŝƚĂŶĚŽƚŚĞƌĐŽŵƉƌĞŚĞŶƐŝǀĞ ŝŶĐŽŵĞĂŶĚŽƚŚĞƌ ĨŝŶĂŶĐŝĂůŝŶĨŽƌŵĂƚŝŽŶŽĨ ƚŚĞ'ƌŽƵƉŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚ ƚŚĞ/ŶĚŝĂŶĐĐŽƵŶƚŝŶŐ^ƚĂŶĚĂƌĚƐ ƉƌĞƐĐƌŝďĞĚƵŶĚĞƌ^ĞĐƚŝŽŶϭϯϯŽĨƚŚĞĐƚ͕ƌĞĂĚǁŝƚŚƌĞůĞǀĂŶƚƌƵůĞƐŝƐƐƵĞĚƚŚĞƌĞƵŶĚĞƌ͕ĂŶĚŽƚŚĞƌĂĐĐŽƵŶƚŝŶŐ ƉƌŝŶĐŝƉůĞƐŐĞŶĞƌĂůůLJĂĐĐĞƉƚĞĚŝŶ/ŶĚŝĂĂŶĚŝŶĐŽŵƉůŝĂŶĐĞǁŝƚŚZĞŐƵůĂƚŝŽŶϯϯŽĨƚŚĞ>ŝƐƚŝŶŐZĞŐƵůĂƚŝŽŶƐ͘dŚĞ ƌĞƐƉĞĐƚŝǀĞŽĂƌĚŽĨŝƌĞĐƚŽƌƐŽĨ ƚŚĞŽŵƉĂŶŝĞƐŝŶĐůƵĚĞĚŝŶ ƚŚĞ'ƌŽƵƉĂƌĞ ƌĞƐƉŽŶƐŝďůĞ ĨŽƌŵĂŝŶƚĞŶĂŶĐĞŽĨ ĂĚĞƋƵĂƚĞĂĐĐŽƵŶƚŝŶŐƌĞĐŽƌĚƐŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞƉƌŽǀŝƐŝŽŶƐŽĨƚŚĞĐƚĨŽƌƐĂĨĞŐƵĂƌĚŝŶŐŽĨƚŚĞĂƐƐĞƚƐŽĨ ƚŚĞ 'ƌŽƵƉ ĂŶĚ ĨŽƌ ƉƌĞǀĞŶƚŝŶŐ ĂŶĚ ĚĞƚĞĐƚŝŶŐ ĨƌĂƵĚƐ ĂŶĚ ŽƚŚĞƌ ŝƌƌĞŐƵůĂƌŝƚŝĞƐ͖ ƐĞůĞĐƚŝŽŶ ĂŶĚ ĂƉƉůŝĐĂƚŝŽŶ ŽĨ ĂƉƉƌŽƉƌŝĂƚĞ ĂĐĐŽƵŶƚŝŶŐ ƉŽůŝĐŝĞƐ͖ ŵĂŬŝŶŐ ũƵĚŐŵĞŶƚƐ ĂŶĚ ĞƐƚŝŵĂƚĞƐ ƚŚĂƚ ĂƌĞ ƌĞĂƐŽŶĂďůĞ ĂŶĚ ƉƌƵĚĞŶƚ͖ ĂŶĚ ĚĞƐŝŐŶ͕ ŝŵƉůĞŵĞŶƚĂƚŝŽŶ ĂŶĚ ŵĂŝŶƚĞŶĂŶĐĞ ŽĨ ĂĚĞƋƵĂƚĞ ŝŶƚĞƌŶĂů ĨŝŶĂŶĐŝĂů ĐŽŶƚƌŽůƐ͕ ƚŚĂƚ ǁĞƌĞ ŽƉĞƌĂƚŝŶŐ ĞĨĨĞĐƚŝǀĞůLJĨŽƌĞŶƐƵƌŝŶŐƚŚĞĂĐĐƵƌĂĐLJĂŶĚĐŽŵƉůĞƚĞŶĞƐƐŽĨƚŚĞĂĐĐŽƵŶƚŝŶŐƌĞĐŽƌĚƐ͕ƌĞůĞǀĂŶƚƚŽƚŚĞƉƌĞƉĂƌĂƚŝŽŶ ĂŶĚƉƌĞƐĞŶƚĂƚŝŽŶŽĨƚŚĞĐŽŶƐŽůŝĚĂƚĞĚĨŝŶĂŶĐŝĂůƌĞƐƵůƚƐƚŚĂƚŐŝǀĞĂƚƌƵĞĂŶĚĨĂŝƌǀŝĞǁĂŶĚĂƌĞĨƌĞĞĨƌŽŵŵĂƚĞƌŝĂů ŵŝƐƐƚĂƚĞŵĞŶƚ͕ǁŚĞƚŚĞƌĚƵĞƚŽĨƌĂƵĚŽƌĞƌƌŽƌ͕ǁŚŝĐŚŚĂǀĞďĞĞŶƵƐĞĚĨŽƌƚŚĞƉƵƌƉŽƐĞŽĨƉƌĞƉĂƌĂƚŝŽŶŽĨƚŚĞ ĐŽŶƐŽůŝĚĂƚĞĚĨŝŶĂŶĐŝĂůƌĞƐƵůƚƐďLJƚŚĞŝƌĞĐƚŽƌƐŽĨƚŚĞ,ŽůĚŝŶŐŽŵƉĂŶLJ͕ĂƐĂĨŽƌĞƐĂŝĚ͘

/ŶƉƌĞƉĂƌŝŶŐƚŚĞĐŽŶƐŽůŝĚĂƚĞĚĨŝŶĂŶĐŝĂůƌĞƐƵůƚƐ͕ƚŚĞƌĞƐƉĞĐƚŝǀĞŽĂƌĚŽĨŝƌĞĐƚŽƌƐŽĨƚŚĞŽŵƉĂŶŝĞƐŝŶĐůƵĚĞĚ ŝŶƚŚĞ'ƌŽƵƉĂƌĞƌĞƐƉŽŶƐŝďůĞĨŽƌĂƐƐĞƐƐŝŶŐƚŚĞĂďŝůŝƚLJŽĨƚŚĞ'ƌŽƵƉƚŽĐŽŶƚŝŶƵĞĂƐĂŐŽŝŶŐĐŽŶĐĞƌŶ͕ĚŝƐĐůŽƐŝŶŐ͕ ĂƐĂƉƉůŝĐĂďůĞ͕ŵĂƚƚĞƌƐƌĞůĂƚĞĚƚŽŐŽŝŶŐĐŽŶĐĞƌŶĂŶĚƵƐŝŶŐƚŚĞŐŽŝŶŐĐŽŶĐĞƌŶďĂƐŝƐŽĨĂĐĐŽƵŶƚŝŶŐƵŶůĞƐƐƚŚĞ ƌĞƐƉĞĐƚŝǀĞŽĂƌĚŽĨŝƌĞĐƚŽƌƐĞŝƚŚĞƌŝŶƚĞŶĚƐƚŽůŝƋƵŝĚĂƚĞƚŚĞ'ƌŽƵƉŽƌƚŽĐĞĂƐĞŽƉĞƌĂƚŝŽŶƐ͕ŽƌŚĂƐŶŽƌĞĂůŝƐƚŝĐ ĂůƚĞƌŶĂƚŝǀĞ ďƵƚ ƚŽ ĚŽ ƐŽ͘ dŚĞ ƌĞƐƉĞĐƚŝǀĞ ŽĂƌĚ ŽĨ ŝƌĞĐƚŽƌƐ ŽĨ ƚŚĞ ŽŵƉĂŶŝĞƐ ŝŶĐůƵĚĞĚ ŝŶ ƚŚĞ 'ƌŽƵƉ ĂƌĞ ƌĞƐƉŽŶƐŝďůĞĨŽƌŽǀĞƌƐĞĞŝŶŐƚŚĞĨŝŶĂŶĐŝĂůƌĞƉŽƌƚŝŶŐƉƌŽĐĞƐƐŽĨƚŚĞ'ƌŽƵƉ͘

ƵĚŝƚŽƌ͛ƐZĞƐƉŽŶƐŝďŝůŝƚŝĞƐĨŽƌƚŚĞƵĚŝƚŽĨƚŚĞŽŶƐŽůŝĚĂƚĞĚ&ŝŶĂŶĐŝĂůZĞƐƵůƚƐ

KƵƌŽďũĞĐƚŝǀĞƐĂƌĞƚŽŽďƚĂŝŶƌĞĂƐŽŶĂďůĞĂƐƐƵƌĂŶĐĞĂďŽƵƚǁŚĞƚŚĞƌƚŚĞĐŽŶƐŽůŝĚĂƚĞĚĨŝŶĂŶĐŝĂůƌĞƐƵůƚƐĂƐĂǁŚŽůĞ ĂƌĞ ĨƌĞĞ ĨƌŽŵŵĂƚĞƌŝĂůŵŝƐƐƚĂƚĞŵĞŶƚ͕ǁŚĞƚŚĞƌĚƵĞ ƚŽ ĨƌĂƵĚŽƌĞƌƌŽƌ͕ĂŶĚ ƚŽŝƐƐƵĞĂŶĂƵĚŝƚŽƌ͛Ɛ ƌĞƉŽƌƚ ƚŚĂƚ ŝŶĐůƵĚĞƐŽƵƌŽƉŝŶŝŽŶ͘ZĞĂƐŽŶĂďůĞĂƐƐƵƌĂŶĐĞŝƐĂŚŝŐŚůĞǀĞůŽĨĂƐƐƵƌĂŶĐĞďƵƚŝƐŶŽƚĂŐƵĂƌĂŶƚĞĞƚŚĂƚĂŶĂƵĚŝƚ ĐŽŶĚƵĐƚĞĚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚ^ƐǁŝůůĂůǁĂLJƐĚĞƚĞĐƚĂŵĂƚĞƌŝĂůŵŝƐƐƚĂƚĞŵĞŶƚǁŚĞŶŝƚĞdžŝƐƚƐ͘DŝƐƐƚĂƚĞŵĞŶƚƐ ĐĂŶ ĂƌŝƐĞ ĨƌŽŵ ĨƌĂƵĚ ŽƌĞƌƌŽƌ ĂŶĚ ĂƌĞ ĐŽŶƐŝĚĞƌĞĚŵĂƚĞƌŝĂů ŝĨ͕ ŝŶĚŝǀŝĚƵĂůůLJ Žƌ ŝŶ ƚŚĞ ĂŐŐƌĞŐĂƚĞ͕ ƚŚĞLJ ĐŽƵůĚ ƌĞĂƐŽŶĂďůLJďĞĞdžƉĞĐƚĞĚƚŽŝŶĨůƵĞŶĐĞƚŚĞĞĐŽŶŽŵŝĐĚĞĐŝƐŝŽŶƐŽĨƵƐĞƌƐƚĂŬĞŶŽŶƚŚĞďĂƐŝƐŽĨƚŚĞƐĞĐŽŶƐŽůŝĚĂƚĞĚ ĨŝŶĂŶĐŝĂůƌĞƐƵůƚƐ͘

Ɛ ƉĂƌƚ ŽĨĂŶĂƵĚŝƚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚ^Ɛ͕ǁĞĞdžĞƌĐŝƐĞ ƉƌŽĨĞƐƐŝŽŶĂůũƵĚŐŵĞŶƚĂŶĚŵĂŝŶƚĂŝŶ ƉƌŽĨĞƐƐŝŽŶĂů ƐŬĞƉƚŝĐŝƐŵƚŚƌŽƵŐŚŽƵƚƚŚĞĂƵĚŝƚ͘tĞĂůƐŽ͗

• x /ĚĞŶƚŝĨLJĂŶĚĂƐƐĞƐƐƚŚĞƌŝƐŬƐŽĨŵĂƚĞƌŝĂůŵŝƐƐƚĂƚĞŵĞŶƚŽĨƚŚĞĐŽŶƐŽůŝĚĂƚĞĚĨŝŶĂŶĐŝĂůƌĞƐƵůƚƐ͕ǁŚĞƚŚĞƌĚƵĞ ƚŽ ĨƌĂƵĚ Žƌ ĞƌƌŽƌ͕ ĚĞƐŝŐŶ ĂŶĚ ƉĞƌĨŽƌŵ ĂƵĚŝƚ ƉƌŽĐĞĚƵƌĞƐ ƌĞƐƉŽŶƐŝǀĞ ƚŽ ƚŚŽƐĞ ƌŝƐŬƐ͕ ĂŶĚ ŽďƚĂŝŶ ĂƵĚŝƚ ĞǀŝĚĞŶĐĞƚŚĂƚŝƐƐƵĨĨŝĐŝĞŶƚĂŶĚĂƉƉƌŽƉƌŝĂƚĞƚŽƉƌŽǀŝĚĞĂďĂƐŝƐĨŽƌŽƵƌŽƉŝŶŝŽŶ͘dŚĞƌŝƐŬŽĨŶŽƚĚĞƚĞĐƚŝŶŐĂ ŵĂƚĞƌŝĂůŵŝƐƐƚĂƚĞŵĞŶƚ ƌĞƐƵůƚŝŶŐ ĨƌŽŵ ĨƌĂƵĚ ŝƐ ŚŝŐŚĞƌ ƚŚĂŶ ĨŽƌ ŽŶĞ ƌĞƐƵůƚŝŶŐ ĨƌŽŵĞƌƌŽƌ͕ ĂƐ ĨƌĂƵĚŵĂLJ ŝŶǀŽůǀĞĐŽůůƵƐŝŽŶ͕ĨŽƌŐĞƌLJ͕ŝŶƚĞŶƚŝŽŶĂůŽŵŝƐƐŝŽŶƐ͕ŵŝƐƌĞƉƌĞƐĞŶƚĂƚŝŽŶƐ͕ŽƌƚŚĞŽǀĞƌƌŝĚĞŽĨŝŶƚĞƌŶĂůĐŽŶƚƌŽů͘

• x KďƚĂŝŶĂŶƵŶĚĞƌƐƚĂŶĚŝŶŐŽĨŝŶƚĞƌŶĂůĐŽŶƚƌŽůƌĞůĞǀĂŶƚƚŽƚŚĞĂƵĚŝƚŝŶŽƌĚĞƌƚŽĚĞƐŝŐŶĂƵĚŝƚƉƌŽĐĞĚƵƌĞƐƚŚĂƚ ĂƌĞ ĂƉƉƌŽƉƌŝĂƚĞ ŝŶ ƚŚĞ ĐŝƌĐƵŵƐƚĂŶĐĞƐ͘ hŶĚĞƌ ^ĞĐƚŝŽŶ ϭϰϯ;ϯͿ;ŝͿ ŽĨ ƚŚĞ Đƚ͕ ǁĞ ĂƌĞ ĂůƐŽ ƌĞƐƉŽŶƐŝďůĞ ĨŽƌ ĞdžƉƌĞƐƐŝŶŐŽƵƌŽƉŝŶŝŽŶŽŶǁŚĞƚŚĞƌƚŚĞŽŵƉĂŶLJŚĂƐĂĚĞƋƵĂƚĞŝŶƚĞƌŶĂůĨŝŶĂŶĐŝĂůĐŽŶƚƌŽůƐǁŝƚŚƌĞĨĞƌĞŶĐĞ ƚŽĐŽŶƐŽůŝĚĂƚĞĚĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐŝŶƉůĂĐĞĂŶĚƚŚĞŽƉĞƌĂƚŝŶŐĞĨĨĞĐƚŝǀĞŶĞƐƐŽĨƐƵĐŚĐŽŶƚƌŽůƐ͘

• x ǀĂůƵĂƚĞƚŚĞĂƉƉƌŽƉƌŝĂƚĞŶĞƐƐŽĨĂĐĐŽƵŶƚŝŶŐƉŽůŝĐŝĞƐƵƐĞĚĂŶĚƚŚĞƌĞĂƐŽŶĂďůĞŶĞƐƐŽĨĂĐĐŽƵŶƚŝŶŐĞƐƚŝŵĂƚĞƐ ĂŶĚƌĞůĂƚĞĚĚŝƐĐůŽƐƵƌĞƐŵĂĚĞďLJƚŚĞŽĂƌĚŽĨŝƌĞĐƚŽƌƐ͘

• x ŽŶĐůƵĚĞŽŶƚŚĞĂƉƉƌŽƉƌŝĂƚĞŶĞƐƐŽĨƚŚĞŽĂƌĚŽĨŝƌĞĐƚŽƌƐƵƐĞŽĨƚŚĞŐŽŝŶŐĐŽŶĐĞƌŶďĂƐŝƐŽĨĂĐĐŽƵŶƚŝŶŐ ĂŶĚ͕ďĂƐĞĚŽŶƚŚĞĂƵĚŝƚĞǀŝĚĞŶĐĞŽďƚĂŝŶĞĚ͕ǁŚĞƚŚĞƌĂŵĂƚĞƌŝĂůƵŶĐĞƌƚĂŝŶƚLJĞdžŝƐƚƐƌĞůĂƚĞĚƚŽĞǀĞŶƚƐŽƌ ĐŽŶĚŝƚŝŽŶƐƚŚĂƚŵĂLJĐĂƐƚƐŝŐŶŝĨŝĐĂŶƚĚŽƵďƚŽŶƚŚĞĂďŝůŝƚLJŽĨƚŚĞ'ƌŽƵƉƚŽĐŽŶƚŝŶƵĞĂƐĂŐŽŝŶŐĐŽŶĐĞƌŶ͘/Ĩ ǁĞĐŽŶĐůƵĚĞƚŚĂƚĂŵĂƚĞƌŝĂůƵŶĐĞƌƚĂŝŶƚLJĞdžŝƐƚƐ͕ǁĞĂƌĞƌĞƋƵŝƌĞĚƚŽĚƌĂǁĂƚƚĞŶƚŝŽŶŝŶŽƵƌĂƵĚŝƚŽƌ͛ƐƌĞƉŽƌƚ ƚŽƚŚĞƌĞůĂƚĞĚĚŝƐĐůŽƐƵƌĞƐŝŶƚŚĞĐŽŶƐŽůŝĚĂƚĞĚĨŝŶĂŶĐŝĂůƌĞƐƵůƚƐŽƌ͕ŝĨƐƵĐŚĚŝƐĐůŽƐƵƌĞƐĂƌĞŝŶĂĚĞƋƵĂƚĞ͕ƚŽ ŵŽĚŝĨLJ ŽƵƌŽƉŝŶŝŽŶ͘KƵƌ ĐŽŶĐůƵƐŝŽŶƐĂƌĞ ďĂƐĞĚŽŶ ƚŚĞĂƵĚŝƚĞǀŝĚĞŶĐĞ ŽďƚĂŝŶĞĚ ƵƉ ƚŽ ƚŚĞ ĚĂƚĞŽĨŽƵƌ ĂƵĚŝƚŽƌ͛ƐƌĞƉŽƌƚ͘,ŽǁĞǀĞƌ͕ ĨƵƚƵƌĞĞǀĞŶƚƐŽƌĐŽŶĚŝƚŝŽŶƐŵĂLJĐĂƵƐĞƚŚĞ'ƌŽƵƉƚŽĐĞĂƐĞƚŽĐŽŶƚŝŶƵĞĂƐĂ ŐŽŝŶŐĐŽŶĐĞƌŶ͘

• x ǀĂůƵĂƚĞƚŚĞŽǀĞƌĂůůƉƌĞƐĞŶƚĂƚŝŽŶ͕ƐƚƌƵĐƚƵƌĞĂŶĚĐŽŶƚĞŶƚŽĨƚŚĞĐŽŶƐŽůŝĚĂƚĞĚĨŝŶĂŶĐŝĂůƌĞƐƵůƚƐ͕ŝŶĐůƵĚŝŶŐ ƚŚĞĚŝƐĐůŽƐƵƌĞƐ͕ĂŶĚǁŚĞƚŚĞƌƚŚĞĐŽŶƐŽůŝĚĂƚĞĚĨŝŶĂŶĐŝĂůƌĞƐƵůƚƐƌĞƉƌĞƐĞŶƚƚŚĞƵŶĚĞƌůLJŝŶŐƚƌĂŶƐĂĐƚŝŽŶƐĂŶĚ ĞǀĞŶƚƐŝŶĂŵĂŶŶĞƌƚŚĂƚĂĐŚŝĞǀĞƐĨĂŝƌƉƌĞƐĞŶƚĂƚŝŽŶ͘

• x KďƚĂŝŶƐƵĨĨŝĐŝĞŶƚĂƉƉƌŽƉƌŝĂƚĞĂƵĚŝƚĞǀŝĚĞŶĐĞƌĞŐĂƌĚŝŶŐƚŚĞĨŝŶĂŶĐŝĂůƌĞƐƵůƚƐͬĨŝŶĂŶĐŝĂůŝŶĨŽƌŵĂƚŝŽŶŽĨƚŚĞ ĞŶƚŝƚŝĞƐǁŝƚŚŝŶŝŶƚŚĞ'ƌŽƵƉƚŽĞdžƉƌĞƐƐĂŶŽƉŝŶŝŽŶŽŶƚŚĞĐŽŶƐŽůŝĚĂƚĞĚĨŝŶĂŶĐŝĂůƌĞƐƵůƚƐ͘tĞĂƌĞƌĞƐƉŽŶƐŝďůĞ ĨŽƌ ƚŚĞ ĚŝƌĞĐƚŝŽŶ͕ ƐƵƉĞƌǀŝƐŝŽŶ ĂŶĚ ƉĞƌĨŽƌŵĂŶĐĞ ŽĨ ƚŚĞ ĂƵĚŝƚ ŽĨ ĨŝŶĂŶĐŝĂů ŝŶĨŽƌŵĂƚŝŽŶ ŽĨ ƐƵĐŚ ĞŶƚŝƚŝĞƐ ŝŶĐůƵĚĞĚŝŶ ƚŚĞĐŽŶƐŽůŝĚĂƚĞĚ ĨŝŶĂŶĐŝĂů ƌĞƐƵůƚƐŽĨǁŚŝĐŚǁĞĂƌĞƚŚĞŝŶĚĞƉĞŶĚĞŶƚĂƵĚŝƚŽƌƐ͘&Žƌ ƚŚĞŽƚŚĞƌ ĞŶƚŝƚŝĞƐŝŶĐůƵĚĞĚŝŶƚŚĞĐŽŶƐŽůŝĚĂƚĞĚĨŝŶĂŶĐŝĂůƌĞƐƵůƚƐ͕ǁŚŝĐŚŚĂǀĞďĞĞŶĂƵĚŝƚĞĚďLJŽƚŚĞƌĂƵĚŝƚŽƌƐ͕ƐƵĐŚ ŽƚŚĞƌĂƵĚŝƚŽƌƐƌĞŵĂŝŶƌĞƐƉŽŶƐŝďůĞ ĨŽƌƚŚĞĚŝƌĞĐƚŝŽŶ͕ƐƵƉĞƌǀŝƐŝŽŶĂŶĚƉĞƌĨŽƌŵĂŶĐĞŽĨƚŚĞĂƵĚŝƚƐĐĂƌƌŝĞĚ ŽƵƚďLJƚŚĞŵ͘tĞƌĞŵĂŝŶƐŽůĞůLJƌĞƐƉŽŶƐŝďůĞĨŽƌŽƵƌĂƵĚŝƚŽƉŝŶŝŽŶ

tĞ ĐŽŵŵƵŶŝĐĂƚĞ ǁŝƚŚ ƚŚŽƐĞ ĐŚĂƌŐĞĚ ǁŝƚŚ ŐŽǀĞƌŶĂŶĐĞ ŽĨ ƚŚĞ ,ŽůĚŝŶŐ ŽŵƉĂŶLJ ĂŶĚ ƐƵĐŚ ŽƚŚĞƌ ĞŶƚŝƚŝĞƐ ŝŶĐůƵĚĞĚŝŶ ƚŚĞĐŽŶƐŽůŝĚĂƚĞĚ ĨŝŶĂŶĐŝĂů ƌĞƐƵůƚƐŽĨǁŚŝĐŚǁĞĂƌĞƚŚĞ/ŶĚĞƉĞŶĚĞŶƚĂƵĚŝƚŽƌƐ ƌĞŐĂƌĚŝŶŐ͕ĂŵŽŶŐ ŽƚŚĞƌ ŵĂƚƚĞƌƐ͕ ƚŚĞ ƉůĂŶŶĞĚ ƐĐŽƉĞ ĂŶĚ ƚŝŵŝŶŐ ŽĨ ƚŚĞ ĂƵĚŝƚ ĂŶĚ ƐŝŐŶŝĨŝĐĂŶƚ ĂƵĚŝƚ ĨŝŶĚŝŶŐƐ͕ ŝŶĐůƵĚŝŶŐ ĂŶLJ ƐŝŐŶŝĨŝĐĂŶƚĚĞĨŝĐŝĞŶĐŝĞƐŝŶŝŶƚĞƌŶĂůĐŽŶƚƌŽůƚŚĂƚǁĞŝĚĞŶƚŝĨLJĚƵƌŝŶŐŽƵƌĂƵĚŝƚ͘tĞĂůƐŽƉƌŽǀŝĚĞƚŚŽƐĞĐŚĂƌŐĞĚ ǁŝƚŚ ŐŽǀĞƌŶĂŶĐĞ ǁŝƚŚ Ă ƐƚĂƚĞŵĞŶƚ ƚŚĂƚ ǁĞ ŚĂǀĞ ĐŽŵƉůŝĞĚ ǁŝƚŚ ƌĞůĞǀĂŶƚ ĞƚŚŝĐĂů ƌĞƋƵŝƌĞŵĞŶƚƐ ƌĞŐĂƌĚŝŶŐ ŝŶĚĞƉĞŶĚĞŶĐĞ͕ĂŶĚƚŽĐŽŵŵƵŶŝĐĂƚĞǁŝƚŚƚŚĞŵĂůůƌĞůĂƚŝŽŶƐŚŝƉƐĂŶĚŽƚŚĞƌŵĂƚƚĞƌƐƚŚĂƚŵĂLJƌĞĂƐŽŶĂďůLJďĞ ƚŚŽƵŐŚƚƚŽďĞĂƌŽŶŽƵƌŝŶĚĞƉĞŶĚĞŶĐĞ͕ĂŶĚǁŚĞƌĞĂƉƉůŝĐĂďůĞ͕ƌĞůĂƚĞĚƐĂĨĞŐƵĂƌĚƐ͘

tĞĂƌĞŶŽƚ ƌĞƋƵŝƌĞĚ ƚŽƉĞƌĨŽƌŵƉƌŽĐĞĚƵƌĞƐ ;ĂƐ ƚŚĞƌĞŝƐŶŽ ƐŝŐŶŝĨŝĐĂŶƚĐŽŵƉŽŶĞŶƚǁŚŝĐŚŝŶ ƚŚĞĂŐŐƌĞŐĂƚĞ ƌĞƉƌĞƐĞŶƚƐĂƚůĞĂƐƚĞŝŐŚƚLJƉĞƌĐĞŶƚŽĨĞĂĐŚŽĨƚŚĞĐŽŶƐŽůŝĚĂƚĞĚƌĞǀĞŶƵĞ͕ĂƐƐĞƚƐĂŶĚƉƌŽĨŝƚƐͿŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚ ƚŚĞĐŝƌĐƵůĂƌŝƐƐƵĞĚďLJƚŚĞ^/ƵŶĚĞƌZĞŐƵůĂƚŝŽŶϯϯ;ϴͿŽĨƚŚĞ>ŝƐƚŝŶŐZĞŐƵůĂƚŝŽŶƐĂƐĂŵĞŶĚĞĚ͕ƚŽƚŚĞĞdžƚĞŶƚ ĂƉƉůŝĐĂďůĞ͘

KƚŚĞƌDĂƚƚĞƌƐ͗

• ;ŝͿ dŚĞ ĐŽŶƐŽůŝĚĂƚĞĚ &ŝŶĂŶĐŝĂů ZĞƐƵůƚƐ ŝŶĐůƵĚĞ ƚŚĞ ĂƵĚŝƚĞĚ ĨŝŶĂŶĐŝĂů ƌĞƐƵůƚƐ ŽĨ Ă :ŽŝŶƚ sĞŶƚƵƌĞ͕ ǁŚŽƐĞ ĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐƌĞĨůĞĐƚƚŽƚĂůĂƐƐĞƚƐŽĨZƐ͘ϭϱϱϮůĂŬŚƐĂƐĂƚϯϭDĂƌĐŚ͕ϮϬϮϭ͕ƚŽƚĂůƌĞǀĞŶƵĞƐŽĨZƐ͘ ϰϬϮůĂŬŚƐĂŶĚZƐ͘ϵϭϳůĂŬŚƐĂŶĚŶĞƚƉƌŽĨŝƚĂĨƚĞƌŽƚŚĞƌĐŽŵƉƌĞŚĞŶƐŝǀĞŝŶĐŽŵĞŽĨZƐ͘;ϮϬͿůĂŬŚƐĂŶĚZƐ͘ ;ϮϱϵͿůĂŬŚƐƌĞƐƉĞĐƚŝǀĞůLJĨŽƌƚŚĞƋƵĂƌƚĞƌĂŶĚLJĞĂƌĞŶĚĞĚDĂƌĐŚϯϭ͕ϮϬϮϭƌĞƐƉĞĐƚŝǀĞůLJ͕ĂƐĐŽŶƐŝĚĞƌĞĚŝŶ ƚŚĞ ĐŽŶƐŽůŝĚĂƚĞĚ ĨŝŶĂŶĐŝĂů ƌĞƐƵůƚƐ ǁŚŝĐŚ ŚĂǀĞ ďĞĞŶ ĂƵĚŝƚĞĚ ďLJ ƌĞƐƉĞĐƚŝǀĞ ŝŶĚĞƉĞŶĚĞŶƚ ĂƵĚŝƚŽƌ͘dŚĞ /ŶĚĞƉĞŶĚĞŶƚ ĂƵĚŝƚŽƌƐ͛ ƌĞƉŽƌƚƐ ŽŶ ĨŝŶĂŶĐŝĂů ƐƚĂƚĞŵĞŶƚƐͬĨŝŶĂŶĐŝĂů ƌĞƐƵůƚƐͬĨŝŶĂŶĐŝĂů ŝŶĨŽƌŵĂƚŝŽŶ ŽĨ ƚŚĞ :ŽŝŶƚsĞŶƚƵƌĞŚĂǀĞďĞĞŶĨƵƌŶŝƐŚĞĚƚŽƵƐ͕ĂŶĚŽƵƌŽƉŝŶŝŽŶŽŶƚŚĞĐŽŶƐŽůŝĚĂƚĞĚĨŝŶĂŶĐŝĂůƌĞƐƵůƚƐ͕ŝŶƐŽĨĂƌ ĂƐŝƚƌĞůĂƚĞƐƚŽƚŚĞĂŵŽƵŶƚƐĂŶĚĚŝƐĐůŽƐƵƌĞƐŝŶĐůƵĚĞĚŝŶƌĞƐƉĞĐƚŽĨƚŚĞƐĂŝĚ:ŽŝŶƚsĞŶƚƵƌĞ͕ŝƐďĂƐĞĚƐŽůĞůLJ ŽŶ ƚŚĞ ƌĞƉŽƌƚŽĨƐƵĐŚŽƚŚĞƌĂƵĚŝƚŽƌĂŶĚ ƚŚĞƉƌŽĐĞĚƵƌĞƐƉĞƌĨŽƌŵĞĚďLJƵƐĂƌĞĂƐƐƚĂƚĞĚŝŶƉĂƌĂŐƌĂƉŚ ĂďŽǀĞ͘
• ;ŝŝͿ dŚĞ ŽŶƐŽůŝĚĂƚĞĚ &ŝŶĂŶĐŝĂů ZĞƐƵůƚƐ ŝŶĐůƵĚĞ ƚŚĞ ƌĞƐƵůƚƐ ĨŽƌ ƚŚĞ ƋƵĂƌƚĞƌ ĞŶĚĞĚ DĂƌĐŚ ϯϭ͕ ϮϬϮϭ ĂŶĚ ĐŽƌƌĞƐƉŽŶĚŝŶŐ ƋƵĂƌƚĞƌĞŶĚĞĚ ŽĨ ƉƌĞǀŝŽƵƐLJĞĂƌ ďĞŝŶŐ ƚŚĞ ďĂůĂŶĐŝŶŐ ĨŝŐƵƌĞ ďĞƚǁĞĞŶĂƵĚŝƚĞĚ ĨŝŐƵƌĞƐŝŶ ƌĞƐƉĞĐƚŽĨƚŚĞĨƵůůĨŝŶĂŶĐŝĂůLJĞĂƌĂŶĚƚŚĞƉƵďůŝƐŚĞĚƵŶĂƵĚŝƚĞĚLJĞĂƌƚŽĚĂƚĞĨŝŐƵƌĞƐƵƉƚŽƚŚĞƚŚŝƌĚƋƵĂƌƚĞƌ ŽĨƚŚĞĐƵƌƌĞŶƚĨŝŶĂŶĐŝĂůLJĞĂƌǁŚŝĐŚǁĞƌĞƐƵďũĞĐƚƚŽůŝŵŝƚĞĚƌĞǀŝĞǁďLJƵƐ͘

KƵƌŽƉŝŶŝŽŶŽŶƚŚĞĐŽŶƐŽůŝĚĂƚĞĚĨŝŶĂŶĐŝĂůƌĞƐƵůƚƐŝƐŶŽƚŵŽĚŝĨŝĞĚŝŶƌĞƐƉĞĐƚŽĨƚŚĞĂďŽǀĞŵĂƚƚĞƌƐ͘

&ŽƌĂŐĂƌŝĂĂŶĚŽ͘>>W ŚĂƌƚĞƌĞĚĐĐŽƵŶƚĂŶƚƐ //&ZE ʹ ϭϭϯϰϰϳtͬtͲϭϬϬϬϭϵ

VINAY P SOMANI

DN: c=IN, o=Personal, postalCode=401101, st=Maharashtra, 2.5.4.20=5f59851a318de0e393ff11847d9edf97e e8cd10dc81b807362e3d3e65c0f4c5d, serialNumber=21c1cff7206d8be65a864d3ad22 03124efc912b70b36f6dd03552bb70772059b, cn=VINAY P SOMANI Date: 2021.05.26 16:44:55 +05'30'

Digitally signed by VINAY P SOMANI

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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: hcl@hindcompo.com Website: www.hindcornpo.com CIN No. L29120MH1964PLC012955

DECLARATION ON AUDITED f-lNANCIAL RESULTS

(ll 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 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, "" " .,, j ,; ivl/s. B,1g,iriil ,ind Cn. 1.1.f&gt; , Ch<1rkn:d /\n-ounla11ls, MumlMi (Fl�N: l'l.'1447W) h<1v,, issued the- 1\udit Reports with u11111ndif1ed (111i11ion on thL' Stc1nd,1lonc ,rnd Conolidatt&gt;d 1\11nu<1I Audited finc111ci<1I l<c�ults or the Comp,rny for th? fin;inciill yet1r ended 31" /,1c1rcl1, 2021 which c1re approved ,1t the Boill'd Meeting held today i.e. 26 1h t'-.fay, 2021.

Fo l lindustan Composites Limitl?d

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P.K. Choudhary MJnaging Director DIN: 00535670

Place: Murnb<1i D.ile: 26 1 hM<1y, 2021

Sunil Jindal Chief financial Officer

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