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Indag Rubber Ltd. Interim / Quarterly Report 2021

Nov 13, 2021

62275_rns_2021-11-13_a9b8e930-148a-4e9b-ae87-ae485c79f67e.pdf

Interim / Quarterly Report

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November 13, 2021

The Bombay Stock Exchange (Company code 1321) Phiroze Jeejeebhoy Towers, (Scrip code-509162) Dalal Towers, Mumbai-400001.

Subject: Newspaper clipping regarding Financial Results for the quarter and half year ended September 30, 2021

Dear Sir,

Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, enclosed please find newspaper clipping of the financial results for the quarter and half year ended September 30, 2021 published in the Business Standard (both English and Hindi) on November 13, 2021.

This is for your information and records please.

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23

NEW DELHI | 13 NOVEMBER 2021

~~.> l~~

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VINTRON INFORMATICS LIMITED

CIN: L72100DL1991PLC045276 Registered Office: D-107 & 108, Okhla Industrial Area, Phase-I, New Delhi-110020 Phone: EPABX – 43740000; Fax: +91-11-43740040

Website: www.vintroninformatics.com; Email: [email protected]

(Rs. In Lakhs)
EXTRACTS OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE SECOND QUARTER AND
TH
HALF YEAR ENDED ON 30 SEPTEMBER 2021
(Rs. In Lakhs)
EXTRACTS OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE SECOND QUARTER AND
TH
HALF YEAR ENDED ON 30 SEPTEMBER 2021
(Rs. In Lakhs)
EXTRACTS OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE SECOND QUARTER AND
TH
HALF YEAR ENDED ON 30 SEPTEMBER 2021
(Rs. In Lakhs)
EXTRACTS OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE SECOND QUARTER AND
TH
HALF YEAR ENDED ON 30 SEPTEMBER 2021
(Rs. In Lakhs)
EXTRACTS OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE SECOND QUARTER AND
TH
HALF YEAR ENDED ON 30 SEPTEMBER 2021
FOR THE QUARTER ENDED FOR THE HALF YEAR ENDED YEAR ENDED
Total Income from Operations (Net)
Net Profit / (Loss) before exceptional / extraordinary items and tax
Net Profit / (Loss) after exceptional / extraordinary items and tax
Total Comprehensive Income for the period [Comprising Profit / (Loss)
for the period (after tax) and Other Comprehensive Income (after tax)]
Equity Share Capital
Reserves (excluding Revaluation Reserve as shown in the Balance Sheet
of the Previous Year)
Earning Per Share (before extraordinary items) (of Re.1/- each)
Basic:
Diluted:
Earning Per Share ( after extraordinary items ) (of Re.1/- each)
Basic:
Diluted:
PARTICULARS
30.09.2021
(Unaudited)
432.45
(40.56)
(128.71)
(128.71)
783.66

(0.05)
(0.05)
(0.16)
(0.16)
30.06.2021
30.09.2020
(Unaudited)
(Unaudited)
179.02
284.69
(66.54)
(91.43)
(66.54)
(91.43)
(66.54)
(91.43)
783.66
783.66


(0.08)
(0.12)
(0.08)
(0.12)
(0.08)
(0.12)
(0.08)
(0.12)
30.09.2021
30.09.2020
(Unaudited)
(Unaudited)
611.47
401.50
(107.10)
(143.92)
(195.25)
(143.92)
(195.25)
(143.92)
783.66
783.66


(0.14)
(0.18)
(0.14)
(0.18)
(0.25)
(0.18)
(0.25)
(0.18)
31.03.2021
(Audited)
1,247.45
(310.96)
(310.96)
(311.45)
783.66
(1,758.73)
(0.40)
(0.40)
(0.40)
(0.40)
NOTES:

th

1 The above unaudited financial results have been reviewed by the Audit Committee and the same have been approved by the Board of Directors at its meeting held on 12 November, 2021 in terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and have been reviewed by the Statutory Auditors of the Company. 2 Previous period’s figures have been regrouped / rearranged wherever necessary.

3 The above is an extract of the detailed format of Quarterly / Yearly Unaudited Standalone Financial Results filed with the Stock Exchange/s under the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The full format of the Unaudited Standalone Financial Results are available on the Stock Exchange websites (www.bseindia.com / www.dseindia.org.in / www.cse-india.com) and on the Company’s website (www.vintroninformatics.com)

For and on behalf of the Board VINTRON INFORMATICS LIMITED Sd/- (ARVIND SHARMA) Place : New Delhi Managing Director Date : 12.11.2021 DIN: 00012177

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CIN : L74899DL1978PLC009038

CIN : L74899DL1978PLC009038
CIN : L74899DL1978PLC009038
CIN : L74899DL1978PLC009038
CIN : L74899DL1978PLC009038
CIN : L74899DL1978PLC009038
CIN : L74899DL1978PLC009038
CIN : L74899DL1978PLC009038
CIN : L74899DL1978PLC009038
Extract of statement of audited financial results for the quarter and half year ended 30th September, 2021
Regd. Office: 11, Community Centre, Saket, New Delhi-110017
E-mail: - [email protected]; Website: www.indagrubber.com; Phone: 011-26963172-73
(Rs. in lakh)
S.
No.
Particulars Standalone Consolidated
for the quarter
ended
(30/09/2021)
for the half year
ended
(30/09/2021)

for the quarter
ended
(30/09/2020)
for the quarter
ended
(30/09/2021)
for the half year
ended
(30/09/2021)
for the quarter
ended
(30/09/2020)
(Audited) (Audited) (Audited) (Audited) (Audited) (Audited)
1 Total income from operations 4,621.36 7,790.29 4,813.39 4,623.21 7,792.14 4,813.47
2 Net Profit/(loss) before tax 120.56 5.14 635.25 79.04 (30.62) 630.18
3 Net Profit/(loss) after tax 91.83 11.89 478.70 33.33 (44.78) 473.31
4 Total Comprehensive Income [Comprising
Profit/(loss) (after tax) and other
Comprehensive Income (after tax)]
279.81 417.78 648.33 227.27 367.07 642.94
5 Paid up Equity Share Capital (Face value
of Rs 2/- each)
525.00 525.00 525.00 525.00 525.00 525.00
6
Reserves (excluding Revaluation Reserve)
as shown in the Audited balance sheet of
the previous year)
19,217.92 19,221.51
7 Earnings Per Share (of Rs. 2/- each) (not
annualised) (for continuing and
discontinued operations)
- Basic (in Rupees) 0.35 0.05 1.82 0.19 (0.15) 1.79
- Diluted (in Rupees) 0.35 0.05 1.82 0.19 (0.15) 1.79
Notes :-
1. The above Audited Financial Results were reviewed by the Audit Committee on November 11, 2021 and approved by the Board of
Directors in the meeting held on November 12, 2021 and Audit of the same has been carried out by the Statutory Auditors.
2. The above is an extract of the detailed format of the standalone and consolidated Financial Results for the quarter and half year ended 30th
September, 2021, filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015. The full format of the standalone and consolidated Financial Results for the quarter and half year ended 30th
September, 2021 is available on the Stock Exchange website www.bseindia.com and Company's website www.indagrubber.com.
For Indag Rubber Limited
Place : New Delhi
Sd/-
Dated : November 12, 2021
(Whole-Time Director)
  1. The above is an extract of the detailed format of the standalone and consolidated Financial Results for the quarter and half year ended 30th September, 2021, filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The full format of the standalone and consolidated Financial Results for the quarter and half year ended 30th September, 2021 is available on the Stock Exchange website www.bseindia.com and Company's website www.indagrubber.com. For Indag Rubber Limited Place : New Delhi Sd/Dated : November 12, 2021 (Whole-Time Director)

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HINDUSTAN TIN WORKS LIMITED
R E G D O F F I C E : 4 2 6 , D L F TO W E R - A , J A S O L A , N E W D E L H I – 1 1 0 0 2 5
w w w. h i n d u s t a n t i n . b i z
Contact No. : 011-49998888, Fax : 011-49998822
RECOGNISED ONE STAR EXPORT HOUSE
Manufacturing Net Sales PBT
Sales : 27% 15% 17%
Shaping a canvironment friendly future
SCRIP CODE : 530315 CIN: L27109DL1958PLC003006
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(` in Lakhs)

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EXTRACT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED 30TH SEPTEMBER, 2021
QUARTER ENDED SIX MONTHS ENDED YEAR ENDED
Particulars 30.09.2021 30.06.2021 30.09.2020 30.09.2021 30.09.2020 31.03.2021
(Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited)
TOTAL INCOME FROM OPERATIONS 10831.75 10480.30 9424.67 21312.05 14681.72 32591.11
NET PROFIT/ (LOSS) FOR THE PERIOD (BEFORE TAX, EXCEPTIONAL 747.16 699.71 638.36 1446.87 693.06 1962.79
AND/ OR EXTRAORDINARY ITEMS)
NET PROFIT/ (LOSS) FOR THE PERIOD BEFORE TAX 747.16 699.71 638.36 1446.87 693.06 1962.79
(AFTER EXCEPTIONAL AND/ OR EXTRAORDINARY ITEMS)
NET PROFIT / (LOSS ) FOR THE PERIOD AFTER TAX 461.87 498.80 477.20 960.67 518.74 1459.13
(AFTER EXCEPTIONAL AND/OR EXTRAORDINARY ITEMS)
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD [COMPRISING 456.38 506.40 506.88 962.78 586.82 1498.18
PROFIT/ (LOSS) FOR THE PERIOD (AFTER TAX) AND OTHER
COMPREHENSIVE INCOME (AFTER TAX)
PAID UP EQUITY SHARE CAPITAL 1039.97 1039.97 1039.97 1039.97 1039.97 1039.97
RESERVES EXCLUDING REVALUATION RESERVES 15470.19
BASIC 4.39 4.87 4.87 9.26 5.64 14.41
DILUTED 4.39 4.87 4.87 9.26 5.64 14.41
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NOTES :

  1. The above results have been reviewed by the Audit Committee and taken on record by the Board of Directors of the Company at its meeting held on 12th November 2021.

  2. The above is an extract of the detailed format of Quarterly Financial Results filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The full format of the Quarterly Financial Results are available on the Stock Exchange website i.e. www.bseindia.com and on Company’s website i.e. www.hindustantin.biz.

  3. The above results have been prepared in accordance with the Indian Accounting Standards (Ind-AS) as prepared under Section 133 of the Companies Act, 2013, read with the relevant Rules issued thereunder and other accounting principles generally accepted in India.

Place: New Delhi Sanjay Bhatia Date: 12th November, 2021 Managing Director

15

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Samvardhana Motherson International Limited

BHARTIYA INTERNATIONAL LIMITED

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Regd. Office:-56/7, Nallambakkam Village (Via Vandalur), Chennai, Tamil Nadu-600 127
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Extract of Statement of Standalone and Consolidated Unaudited Financial Results For the
Quarter and Half year Ended 30th September, 2021.
(Rs. In Lacs)
Sl. Particulars Standalone Consolidated
No. Half Year Half Year
Quarter Ended Quarter Ended
Ended Ended
30.09.2021 30.09.2020 30.09.2021 30.09.2021 30.09.2020 30.09.2021
(Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited)
1. Total Income from Operations 16960.95 16074.08 24591.88 22869.95 20731.30 34433.09
2. Net Profit /(Loss) for the Period (before tax, 1237.97 1927.20 1249.64 1859.14 1251.86 1363.75
Exceptional and /or Extraordinary Items)
3. Net Profit / (Loss) for the Period before tax 1237.97 1927.20 1249.64 1859.14 1251.86 1363.75
(after Exceptional and/ or Extraordinary Items)
4. Net Profit / (Loss) for the Period after tax 909.38 1612.47 922.14 1498.57 912.84 1004.29
(after Exceptional and/ or Extraordinary Items)
5. Total Comprehensive Income for the period 915.69 1620.04 934.77 1504.96 920.41 1017.16
(comprising Profit / (Loss) for the period (after tax)
and other Comprehensive Income (After Tax)
6. Paid up Equity Share Capital 1220.71 1220.19 1220.71 1220.71 1220.19 1220.71
(face value Rs.10/- each )
7. Reserves (excluding Revaluation Reserve) - - - - - -
as shown in the Audited Balance Sheet of the
previous year
8. Earnings Per Share (of Rs.10/- each) (for continuing
and discontinued operations)
Basic 7.45 13.21 7.55 12.33 7.55 8.33
Diluted 7.44 13.17 7.54 12.31 7.52 8.32
Note:
1. The above is an extract of the detailed format of the Standalone and Consolidated Financial Results for the quarter and half year ended 30th September,
2021 filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements ) Regulations, 2015.The full format
of the Standalone and Consolidated Financial Results for the quarter and half year ended 30th September, 2021 are available on the Company's website
(www.bhartiya.com) and on the website of the National Stock Exchange of India Limited (NSE)(www.nseindia.com), BSE Limited (www.bseindia.com).
For Bhartiya International Ltd.
Sd/-
Manoj Khattar
Place: Bangalore Whole Time Director
Date: 12.11.2021 DIN: 00694981
CIN: L74899TN1987PLC111744 Tel: +91-9551050418-21 E-mail: [email protected] Website: www.bhartiya.com
1 lapkyu ls dqy vk; 4,621.36 7,790.29 4,813.39 4,623.21 7,792.14 4,813.47
2 'kq) ykHk@¼gkfu½ dj iwoZ 120.56 5.14 635.25 79.04 (30.62) 630.18
3 'k)q ykHk@¼gkfu½ dj i”pkr 91.83 11.89 478.70 33.33 (44.78) 473.31
4 dyq O;kid vk; [ftlea sykHk@¼gkfu½ ¼dj i'pkr½ vkjS 279.81 417.78 648.33 227.27 367.07 642.94
vU; O;kid vk; ¼dj i'pkr½ 'kkfey gS]
5 inzRr bfDoVh 'k;sj itawh ¼vfa dr eYw; :- 2@& 525.00 525.00 525.00 525.00 525.00 525.00
izfr 'ks;j½
6 vkjf{kr ¼iqueZwY;kadu vkjf{krksa dk NksM+dj½ tSlk fd 19,217.92 19,221.51
fiNys o’kZ ds y[skkijhf{kr cySlas “khV ea sfn[kk;k x;k gS
7 izfr 'ks;j vtZu ¼:- 2@& izR;sd dk½ ¼okf"kZddr ugha½<br>¼fujarj vkSj can lapkyu ds fy,½<br>& ewy ¼:- esa½ 0.35 0.05 1.82 0.19 (0.15) 1.79<br>& ruqdr ¼:- esa½ 0.35 0.05 1.82 0.19 (0.15) 1.79
1- mijksDr foRrh; ifj.kkeksa dh leh{kk ys[kkijh{kk lfefr }kjk 11 uoacj] 2021 dks dh xbZ Fkh vkSj 12 uoacj] 2021 dks gqbZ cSBd esa funs”kd eaMy }kjk vuqeksfnr
fd;k x;k Fkk rFkk lkafof/kd ys[kkijh{kdksa }kjk mudh ys[kkijh{kk dh xbZ gSA
2- mijksDr fooj.k lsch ¼lwph;u nkf;Ro ,oa izdVu vis{kk,a½ fofu;koyh] 2015 ds fofu;e 33 ds rgr LVWkd ,DlpsUt esa izLrqr fd, x, 30 flracj] 2021 dks
lekIr frekgh vkSj Nekgh iFkDdr ,oa lesfdr foRrh; ifj.kkeksa ds izk:i dk laf{kIr fooj.k gSA 30 flracj] 2021 dks lekIr frekgh vkSj Nekgh iFkDdr ,oa
lesfdr foRrh; ifj.kkeksa dk iw.kZ fooj.k LVWkd ,DlpsUt dh osclkbV www.bseindia.com vkSj dEiuh dh osclkbV www.indagrubber.com ij miyC/k gSA
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Proud to be part of samvardhana motherson

UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED SEPTEMBER 30, 2021

Sr. For the quarter ended
For the year ended
(All amounts in INR millions, unless otherwise stated)
For the quarter ended
For the year ended
(All amounts in INR millions, unless otherwise stated)
No.
PARTICULARS
30/09/2021
30/09/2020
(Unaudited)
(Unaudited)
(Refer note 6)
(Refer note 6)
31/03/2021
(Audited)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
Total Income from Operations
#
Net Profit / (Loss) for the period (before Tax, Exceptional and/ or Extraordinary items )
#
Net Profit / (Loss) for the period before tax (after Exceptional and/ or Extraordinary items )
#
Net Profit / (Loss) for the period after tax (after Exceptional and/ or Extraordinary items )
Total Comprehensive Income for the period [(Comprising Profit / (Loss) for the period (after tax)
and Other Comprehensive Income (after tax)]
Paid-up Equity share Capital (Face Value of Rs. 10/- each)
Reserves excluding Revaluation Reserves
Securities Premium Account
Net Worth (refer note “g” below)
Outstanding Debt (Principal)
Outstanding Redeemable Preference Share
Debt-Equity Ratios (refer note “a” below)
Earnings per share (not annualised for quarter):
Nominal value per share INR 10/-
1. Basic
2. Diluted
Capital Redemption Reserve (refer note “f” below)
Debenture Redemption Reserve (refer note “e” below)
Debt Service Coverage Ratio (refer note “b” below)
Interest Service Coverage Ratio(refer note “c” below)
1,890
298
1,548
(37)
1,548
1,888
1,548
1,888
1,545
1,882
4,736
4,736
13,094
12,865
3,263
3,263
15,428
15,199
7,000
8,125
NA
NA
0.45
0.53
3.27
3.99
3.27
3.99
NA
NA
NA
NA
NA
NA
NA
NA
1,254
(178)
1,990
2,039
2,032
4,736
13,147
3,263
15,481
7,000
NA
0.45
4.31
4.31
NA
NA
NA
NA

Exceptional and/or Extraordinary items adjusted in the Statement of Profit and Loss in accordance with Ind AS Rules. Notes:

i) The above is an extract of the detailed format of quarterly financial results filed with the BSE Limited under Regulation 52 of the LODR Regulations. The full format of the quarterly financial results are available on the websites of the BSE Limited and the Company. ( https://www.smil.co.in/financial-results.html )

ii) For the other line items referred in regulation 52 (4) of the LODR Regulations, pertinent disclosures have been made to the BSE Limited and can be accessed on the URL- https://www.smil.co.in/financial-results.html .

Information pursuant to Regulation 52(4), 52(7) and 54(2) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015

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For the quarter ended For the half year ended For the
year ended
30/09/2021 30/06/2021 30/09/2020 30/09/2021 30/09/2020 31/03/2021
Unaudited Unaudited Unaudited Unaudited Unaudited Audited
(refer note 6) (refer note 6) (refer note 6)
a) Debt-Equity ratios 0.45 0.46 0.53 0.45 0.53 0.45
Debt-Equity ratio = Total debts / Net worth
b) Debt service coverage ratio NA NA NA NA NA NA
(Not Applicable to the Company being a NBFC Company)
c) Interest service coverage ratio NA NA NA NA NA NA
(Not Applicable to the Company being a NBFC Company)
d) Outstanding redeemable preference shares (quantity and value) NA NA NA NA NA NA
e) Debenture redemption reserve NA NA NA NA NA NA
Pursuant to Companies (Share Capital and Debentures) Amendment
Rules, 2019 dated August 16, 2019, the company being a
Non-Banking Financial Company is exempted from the requirement
of creating Debenture Redemption Reserve in respect of Secured
Non-Convertible Debentures issued under private placement.
f) Capital redemption reserve NA NA NA NA NA NA
g) Net worth 15,428 15,305 15,199 15,428 15,199 15,481
Net Worth represents shareholder’s fund excluding capital reserve on
amalgamation
h) Net profit after tax 1,548 132 1,888 1,680 1,755 2,039
i) Earnings per share (not annualised for quarter/half year)
Nominal value per share INR 10/-
Basic 3.27 0.28 3.99 3.55 3.71 4.31
Diluted 3.27 0.28 3.99 3.55 3.71 4.31
Earnings per share = Profit for the period / Weighted average number
of equity shares
j) Current ratio 1.81 5.41 3.25 1.81 3.25 8.31
Current ratio = Current assets / Current liabilities
k) Long term debt to working capital 3.94 2.82 1.87 3.94 1.87 2.42
Long term debt to working capital = Long term debt / Working capital
l) Bad debts to account receivable ratio – – – – – –
Bad debts to account receivable ratio = Bad debts / Average account
receivable
m) Current liability ratio 0.23 0.07 0.21 0.23 0.21 0.05
Current liability ratio = Current liabilities / Total liabilities
n) Total debts to total assets 0.26 0.28 0.30 0.26 0.30 0.28
Total debts to total assets = Total debts / Total assets
o) Debtors turnover (not annualised for quarter/half year) 3.79 3.08 2.15 8.13 8.10 11.26
Debtors turnover = Revenue from contract with customers / Average
debtors
p) Inventory turnover NA NA NA NA NA NA
Inventory turnover = Revenue from operations / Average inventory
q) Operating margin (%) 82% 27% (17%) 71% (24%) (15%)
Operating margin (%) = Operating income / Revenue from operations
Operating Income (including dividend income and interest income)
= Profit/(loss) before exceptional items and tax - Other income
r) Net profit margin (%) 81% 29% 660% 71% 302% 164%
Net profit margin (%) = Net Profit / Revenue from operations
s) Sector specific equivalent ratios NA NA NA NA NA NA
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  • includes current maturities of long term borrowings t) Pursuant to Clause 52(7), there were no deviations in the use of proceeds of issue of listed non-convertible debentures from the objects stated in the offer document.

u) Asset Cover Available

As per the terms of debenture trust deed, the non convertible debentures are adequately secured by pledge of equity shares held in Motherson Sumi Systems Limited and the security cover margin of 200% is to be maintained. The extent of security created and maintained with respect to listed non-convertible debtentures is mentioned below-

Particulars As at 30/09/2021 As at 30/06/2021 As at 30/09/2020 As at 31/03/2021
Actual Collateral Cover (%) 237% 236% 257% 229%

v) Notes :

1. Samvardhana Motherson International Limited (the “Company”) is holding Certificate of Registration (“CoR”) as a Non-Deposit Taking Core Investment Company issued by the Reserve Bank of India (RBI).

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RBI Disclaimer: (a) Reserve Bank of India does not accept any responsibility or guarantee about the present position as to the financial soundness of the Company or for the correctness of any of the statements or representations, made or opinions expressed by the Company and for discharge of liability by the Company. (b) Neither is there any provision in law to keep, nor does the Company keep any part of the deposits with Reserve Bank and by issuing the Certificate of Registration to the Company, the Reserve Bank neither accepts nor guarantee for the payment of the public funds to any person/body corporate.

2. The standalone financial results for the quarter and half year ended September 30, 2021 have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at their meetings held on November 10, 2021 and November 11, 2021 respectively.

3. These standalone financial results of the Company have been prepared in accordance with recognition and measurement principles laid down in the Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”) as notified by Ministry of Corporate Affairs pursuant to Section 133 of the Companies Act 2013 read with Rule 3 of the Companies (Indian Accounting Standard) Rules 2015, relevant amendments thereafter and in terms of Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, SEBI Circular No. SEBI/HO/DDHS/CIR/2021/0000000637 dated October 05, 2021 and other accounting principles generally accepted in India.

In compliance with regulation 52 of the Securities Exchange Board of India (‘SEBI’) ( Listing Obligations and Disclosure Requirements) Regulations, 2015, limited review of financial results for the quarter and half year ended September 30, 2021 has been carried out by the Statutory Auditors.

4. The Company is essentially a holding and investment company focusing on earning income through dividends, interest and gains on investments held. Further, the Company’s business activity falls within a single business segment as reviewed by the Chief Operating Decision Maker “CODM” i.e. investments and therefore, segment reporting in terms of Ind AS 108 on Operating Segment is not applicable.

5. a) During the year ended March 31, 2020, on account of continuing losses and based on business projections of Motherson Sintermetal Products SA(MSPSA), a wholly owned step down subsidiary, the Company had recorded expected credit loss (ECL) provision of INR 1,925 million for financial guarantee given to bank in respect of the loan facility availed by Motherson Sintermetal Technologies BV (MSTBV), a wholly owned step down subsidiary, for MSPSA. During the quarter ended September 30, 2020, the Company had reversed the abovesaid ECL provision of INR 1,925 million owing to discharge of liability by MSTBV through alternate source of funds. The aforesaid reversal of ECL provision has been shown under ‘Exceptional Items’ in the quarter ended September 30, 2020, half year ended September 30, 2020 and year ended March 31, 2021.

b) During the previous year ended March 31, 2021, the Company had recorded reversal of impairment allowance in respect of investments of INR 299 million based on increase in fair value of investment in Samvardhana Motherson Finance Services Cyprus Limited (SMFS Cyprus).

c) During the previous year ended March 31, 2021, on account of continuing losses of Samvardhana Motherson Maadhyam International Limited (SMMIL) a wholly owned subsidiary, the Company had recorded expected credit loss (ECL) provision of INR 16 million for support commitment given to the SMMILin respect of the accumulated losses.

6. The standalone financial results for the quarters ended June 30, 2021 and September 30, 2020 and cash flow statement for half year ended September 30, 2020 have been presented based on the information compiled by the Management and has been approved by the Board of Directors. Further, the figures for the quarter ended September 30, 2021 represents the balancing figures between the unaudited figures for half year ended September 30, 2021 which are subject to limited review and the figures for the quarter ended June 30, 2021 which have been compiled by the Management.

7. (i) The Board of Directors of the Company, at their meeting held on July 02, 2020 approved the Composite Scheme of Amalgamation and Arrangement proposed to be undertaken amongst the Company; Motherson Sumi Systems Limited (MSSL), joint venture of the Company; and new company, Motherson Sumi Wiring India Limited (MSWIL) and their respective shareholders and creditors (Scheme). As part of the Scheme, the following steps are proposed to be undertaken: a) Demerger of Domestic Wiring Harness business of the MSSL(“DWH”) MSWIL; b) Amalgamation of the Company into with MSSL, subsequent to the completion of the demerger referred to in (a) above. The transaction is to be effected pursuant to a Scheme and is likely to be completed by FY2021-22. During the current period, the Scheme has been approved by the shareholders and has now been submitted to NCLTfor its approval.

  • (ii) Exceptional item for the previous year ended March 31, 2021 and half year ended September 30, 2020 includes legal and professional expenses for INR 40 million incurred on account of this Amalgamation / Arrangement.

8. In the previous year, the Company’s operations were partially impacted by the outbreak of COVID-19 pandemic. Accordingly, the standalone financial results presented for the current quarter and half year are not comparable with the corresponding periods. The management has evaluated the impact of COVID–19 on the business operations of the Company and its subsidiaries, joint ventures and associates in which the investments are held. The management has concluded that the impact is not material and the Company will continue to monitor the developments relating to any significant uncertainties which may arise on account of Covid–19.

9. In terms of the requirement as per RBI notification no. RBI/2019-20/170 DOR (NBFC), CC,PD No.109/22. 10.106/2019-20 dated March 13, 2020 on implementation of Indian Accounting Standards, Non Banking Financial Companies (NBFC’s) are required to create an impairment reserve for any shortfall in impairment allowances under Ind AS 109 and Income recognition, asset classification and provisioning (IRACP) norms (including provision on standard assets). Pursuant to aforesaid notification, the Company has transferred INR 11 million to the impairment reserve during the previous year. However as on March 31, 2021 and September 30, 2021 the total provision required under IRACP(including standard asset provisioning) does not exceeds Impairment allowances under Ind AS 109 made by the Company.

10. a) The Board of Directors had declared interim dividend of INR 0.65 per share (6.5% on an equity share of INR 10/- each) for the year ended March 31, 2021 and the same has been approved by the shareholders of the Company in the Annual General Meeting held on September 30, 2021.

b) The Board of Directors have recommended final dividend of INR 3 per share (30% on an equity share of INR 10/- each) for the year ended March 31, 2021 and the same has been approved by the shareholders of the Company in the Annual General Meeting held on September 30, 2021.

11. Figures of previous year / periods have been reclassified / regrouped / restated, wherever necessary.

12. Amount appearing as zero “0” in the financial results are below the rounding off norm adopted by the Company.

Sd/For Samvardhana Motherson International Limited Sanjay Mehta Sd/Sd/- Place: Noida (Whole-time Director) Manish Kumar Goyal Rajinder Kumar Bansal Date: November 11, 2021 (DIN 03215388) (Chief Financial Officer) (Deputy Chief Financial Officer)

Regd. Office: Unit 705, C Wing, One BKC, G Block, Bandra Kurla Complex, Bandra East, Mumbai, Maharashtra, India-400051 CIN: U74900MH2004PLC287011

www.smil.co.in