India Cements Ltd. — Interim / Quarterly Report 2022

Aug 11, 2021

Corporate Office : Coromandel Towers, 93, Santhome High Road, Karpagam Avenue. R.A. Puram, Chennai - 600 028. Phone : 044-2852 1526, 2857 2100 Fax : 044-2851 7198, Grams : 'INDCEMENT' CIN : L26942TN1946PLC000931

SH/ 11 08 2021

BSE Limited Corporate Relationship Dept. First Floor, New Trading Ring Rotunda Building Phiroze Jeejeebhoy Towers Dalai Street, Fort MUMBAI 400001.

National Stock Exchange of India Limited Exchange Plaza, 5thFloor Plot No.C/1, G Block Bandra-Kurla Complex Bandra (E) MUMBAI 400 051.

Scrip Code : 530005

Scrip Code: INDIACEM

Dear Sirs,

Sub.: Outcome of Board Meeting

We refer to our letter dated 04.08.2021, on the captioned subject.

The unaudited standalone and consolidated financial results, subjected to a 'Limited audit review' by our Company's auditors for the quarter ended 30.06.2021 were reviewed by the Audit Committee of our Board and approved by our Board of Directors at their meetings on 10.08.2021 and 11.08.2021 respectively.

We are electronically filing a certified copy of the aforesaid unaudited financial results along with Limited Review Reports with the Stock Exchange in terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Financial results will be published in the English and Tamil dailies on 12thAugust, 2021.

The Board of Directors has, inter alia, approved:

• convening the next Annual General Meeting (AGM) of our Company to be held on 08.09.2021 through Video Conferencing ("VC")/Other Audio Visual Means ("OAVM"); and
• 01.09.2021 as Record Date for shares held in demat form and closure of Register of Members from 02.09.2021 to 08.09.2021 (both days inclusive) for the shares held in physical form for the purpose of determining shareholders entitled for dividend. We enclose our letter of even date addressed to the Exchange, in this regard.

The meeting commenced at 10.00 A.M. and concluded at çc pov\

Thanking you,

for THE INDIA Yours faithfully, IS LIMITED ev)

COMPANY SECRETARY

End.: As above

STANDALONE

Registered Office:"Dhun Building", 827, Anna Salai, Chennai 600 002.

(0)

Corporate Office:Coromandel Towers, 93, Santhome High Road, Chennai 600 028. Website: www.indiacements.co.in Email ID: investor@indiacements.co.in CIN: L26942TN1946PLC000931 STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE 2021

					( Rs In Crores)
	Quarter ended				Year Ended
SI.No.	Particulars		31-Mar-2130-Jun-2130-Jun-20		31-Mar-21
		Unaudited	Audited	Unaudited	Audited
	1 Revenue from Operations	1022.49	1449.62	757.03	4436.67
	2 Other Income	3.05	11.82	3.29	23.45
	3 Total Income (1+2)	1025.54	1461.44	760.32	4460.12
	4 Expenses
	Cost of Materials consumed	173.72	220.91	115.58	701.50
	Purchases of stock-in-trade				0.06
	Changes in inventories of finished goods, stock-in-trade and work in progress	(52.33)	28.25	41.11	76.61
	Employee benefits expense	82.68	103.36	74.98	331.03
	Finance costs	54.51	53.02	72.95	264.95
	Depreciation and Amortisation expenses	54.47	61.32	60.00	241.90
	Power and Fuel	305.27	372.98	154.03	1057.28
	Transportation & Handling	232.50	357.00	136.23	971.14
	Other Expenses	118.66	166.60	79.38	492.94
	Total Expenses (4)	969.48	1363.44	734.26	4137.41
	5 Profit/(Loss) before exceptional Items and Tax (3-4)	56.06	98.00	26.06	322.71
	6 Exceptional Items
		56.06	98.00	26.06	322.71
	7 Profit/(Loss) before Tax (5-6)
	8 Tax Expense	9.44	5.79	4.20	50.30
	Current TaxMAT Credit Entitlement! withdrawal	16.70	31.45	13.64	87.65
		(7.50)	(10.87)	(8.74)	(37.28)
	Deferred Tax	37.42	71.63	16.96	222.04
	9 Profit/(Loss) for the period from continuing operations (7-8)
	10 Profit/(Loss) from discontinued operations
	11 Tax Expense of discontinued operations
	12 Profit/ (Loss) from discontinued operations (after Tax) (10-11)	37.42	71.63	16.96	222.04
	13 Profit / (Loss) for the period (9+12)
	14 Other Comprehensive Income		0.35		(0.61)
	A.(i) Items that will not be reclassified to Profit / (Loss)	1.04			0.21
	(ii) Income tax relating to the Items that will not be reclassified to Profit / (Loss)	(0.36)	(0.12)
	B.(i) Items that will be reclassified to Profit / (Loss)
	(ii) Income tax relating to items that will be reclassified to Profit / (Loss)				(0.40)
	Total Other Comprehensive Income	0.68	0.23		221.64
	15 Total Comprehensive income for the period (13+14)	38.10	71.86	16.96
	16 Paid up Equity Share Capital (Face Value Rs 10/-each)	309.90	309.90	309.90	309.90
	17 Other Equities (Reserves)				5308.06
	18 Earnings per equity share (for continuing operations)
	Basic	1.23	2.32	0.55	7.15
	Diluted	1.23	2.32	0.55	7.15
	19 Earnings per equity share( for discontinued operations)
	Basic
	Diluted
	20 Earnings per equity share (for discontinued and continuing operations)
	Basic	1.23	2.32	0.55	7.15
	Diluted	1.23	2.32	0.55	7.15

For T HE NI DIA CEMNTS L MITI ED

E

Notes:

1 The above Financial Results have been reviewed by the Audit Committee and approved by the Board of Directors at the meetings held on 10th August 2021 and 11th August 2021 respectively.

• 2 The Company is primarily engaged in manufacture and marketing of cement and cement related products. Subsidiaries and Associate companies are mainly engaged in the business of Sugar, Power, Financial Services, Trading, Mining and Transportation. The reportable segment is only cement.
• 3 Certain assets of the Company having an aggregate carrying value of Rs.120.34 Crores were attached by a statutory authority during 2015. The Company has already appealed against the Order of the said attachment and the matter is presently Sub judice. The Auditors have continued to draw an emphasis on this matter in their Report.
• 4 The Competition Commission of India (CCI) vide its Order dated 31.08.2016 imposed a penalty of Rs.187.48 Crores on the Company. The Company filed an appeal before COMPAT (Presently NCLAT). The COMPAT in its interim order directed the Company to pay 10% of the penalty amount (Rs 18.75 Crores) before granting stay which was deposited by the Company. NCLAT vide its order dated 25/07/2018 dismissed the appeal filed by the Company. Against this the Company has filed an appeal in the Supreme Court challenging the NCLAT order and the Supreme Court vide its Order dated 5-10-2018 admitted the Company's appeal and directed that the interim order passed by the Tribunal in the matter, will continue. The Auditors have continued to draw an emphasis on this matter in their Report.
• 5 a) The spread of novel coronavirus disease (COVID 19) has severely impacted businesses in India and abroad. The regular business operations have been disrupted during the quarter due to lockdowns, restrictions in transportation, supply chain disruptions, travel bans, social distancing and other emergency measures imposed by the Government. The pandemic situation has affected the normal business operations of the Company and production, sales and profitability, inter aim, have been impacted.

b) The Company also has assessed, in line with "Advisory on Impact of Coronavirus on Financial Reporting" issued by the Institute of Chartered Accountants of India, the recoverability and carrying values of its assets comprising property, plant and equipment, intangible assets, trade receivables, inventory and investments as at the balance sheet date. Based on the assessment by the Management the net carrying values of the said assets will be recovered at the values stated. The Company evaluated the internal controls including internal controls with reference to financial statements, which have been found to be operating effectively given that there have been no dilution of such controls due to factors caused by COVID 19 situation.

6 (i) The Statutory Auditors have carried out a limited review of the financial results for the quarter ended 30th June 2021.

(ii) The figures for the quarter ended 31.03.2021 are the balancing figures between audited figures in respect of the financial year 2020-21 and the year to date figures upto the quarter ended 31.12.2020.

The previous periods' figures have been regrouped to confirm to Current period's required classification.

for THE INDIA CEMENTS LIMITED

Chennai 11th August 2021

N.SRINIVASAN Vice Chairman & Managing Director K.S. RAO & CO., S. VISWANATHAN LLP., Chartered Accountants Chartered Accountants 7-B, 7thFloor, Century Plaza, 560-562 17, Bishop Wailers Avenue (West) Anna Salai, Mylapore, Chennai — 600 018 Chennai — 600 004

Independent Auditor's Review Report on Unaudited Quarterly Standalone Financial Results of The India Cements Limited Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015(as amended)

To

Board of Directors of The India Cements Ltd

• We have reviewed the accompanying statement of unaudited standalone financial results of The India Cements Ltd ('the Company') for the three months period ended 30thJune 2021, ('the Statement').
• The Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting ('Ind AS 34'), prescribed under Section 133 of the Companies Act, 2013 ('the Act'), and other accounting principles generally accepted in India and in compliance with regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (listing Regulations'). Our responsibility is to express a conclusion on the Statement based on our review.
• We conducted our review of the Statement in accordance with the Standard on Review Engagements ('SRE') 2410, 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial results are free of material misstatement. A review is limited primarily to inquiries of Company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
• Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement prepared in accordance with the applicable accounting standards and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement.

K.S. RAO & CO., S. VISWANATHAN LLP., Chartered Accountants Chartered Accountants 7-B, 7th Floor, Century Plaza, 560-562 17, Bishop Wallers Avenue (West) Anna Salai, Mylapore, Chennai — 600 018 Chennai — 600 004

• 1. Without qualifying our report, we draw attention to
  • Note no. 3 to the Financial Results, regarding the order of attachment issued by the authorities through which certain assets of the company amounting to Rs.120.34 Crores have been attached vide provisional attachment Order dated 25th February 2015 which the company is disputing before legal forums. The company has been legally advised that it has strong grounds to defend its position and pending the outcome of the proceedings the impact if any is not ascertainable at this stage.
  • Note no. 4 of the financial results, relating to the order of the Competition Commission of India (CCI), concerning alleged contravention of the provisions of Competition Act, 2002 and imposing a penalty of Rs.187.48 Crores on the Company. On Company's appeal, National Company Law Appellate Tribunal (NCLAT), in its Order passed on 25th July, 2018, has reportedly upheld the CCI's Order. The company appealed against the order before Supreme Court and the Supreme Court vide its Order dated 05th October, 2018 admitted the Company's appeal and directed that the interim order passed by the Tribunal in the matter, will continue. Pending the outcome, no provision is made in the financial results.
• 1. Attention is drawn to the fact that the figures for the three months ended 31 March 2021 as reported in these financial results are the balancing figures between audited figures in respect of the full previous financial year and the published year to date figures up to the third quarter of the previous financial year. The figures up to the end of the third quarter of previous financial year had only been reviewed and not subjected to audit

For K.S. Rao & Co., For S. Viswanathan LLP., Chartered Accountants Chartered Accountants KRISHNA CHAITHANY AM Digitally signed by KRISHNA CHAITHANYA M Date: 2021.08.11 10:01:35 1-0530' M. Krishna Chaithanya Partner Membership No.231282 UDIN: 21231282AAAADD1426

Place: Chennai Date: 11t h August 2021

Firm Regn No: 0031095 Firm Regn No: 004770S/S200025

KRISHNAN CHELLA SRINIVASAN

Chella K. Srinivasan Partner Membership No.023305 UDIN: 21023305AAAAFA3667

Registered Office:"Dhun Building", 827, Anna Salai, Chennai 600 002. Corporate Office:Coromandel Towers, 93, Santhome High Road, Chennai 600 028. Cararn•ndel Website: www.indiacements.co.in Email ID: investor@indiacements.co.in CIN: L26942TN1946PLC000931 Cement STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE 2021

	( Rs In Crores)
			Quarter ended		Year Ended
51.No.	Particulars	30-Jun-21	31-Mar-21	30-Jun-20	31-Mar-21
		Unaudited	Audited	Unaudited	Audited
	1 Revenue from Operations	1045.25	1472.45	763.46	4510.55
	2 Other Income	3.13	22.85	8.42	40.45
	3 Total income (1+2)	1048.38	1495.30	771.88	4551.00
	4 Expenses
	Cost of Materials consumed	181.87	229.50	119.66	731.99
	Purchases of stock-in-trade	0.09	0.04	0.02	0.16
	Changes in inventories of finished goods, stock-in-trade and work in progress	(52.50)	28.24	41.11	76.69
	Employee benefits expense	84.39	105.06	76.76	337.80
		46.67	54.22	74.62	271.01
	Finance costs	55.86	62.52	61.18	246.60
	Depreciation and Amortisation expenses	309.21	378.08	152.98	1061.36
	Power and Fuel		356.56	135.96	969.51
	Transportation & Handling	232.14			545.22
	Other Expenses	125.38	209.20	80.75
	Total Expenses (4)	983.11	1423.42	743.04	4240.34
	5 Proflt/(Loss) before exceptional Items and Tax (3-4)	65.27	71.88	28.84	310.66
	6 Exceptional Items
	7 Proflt/(Loss) before Tax (5-6)	65.27	71.88	28.84	310.66
	8 Tax Expense	9.44	10.00	4.20	54.51
	Current Tax	16.70	31.44	13.64	87.64
	MAT Credit Entitlement / withdrawal		(13.53)	(8.74)	(39.94)
	Deferred Tax	(7.50)		19.74	208.45
	9 Profit/(Loss) for the period from continuing operations (7-8)	46.63	43.97
	10 Proflt/(Loss) from discontinued operations
	11 Tax Expense of discontinued operations
	12 Profit / (Loss) from discontinued operations (after Tax) (10-11)
	13 Profit / (Loss) for the period (9+12)	46.63	43.97	19.74	208.45
	14 Share Of Profit/(Loss) of associates	(2.85)	1.54		0.72
	15 Minority interest	(0.73)	4.68	(0.27)	(2.40)
	16 Net Profit! (Loss) after taxes, minority interest and share of Proflt/(Loss) of associates (13+14+15)	43.05	50.19	19.47	206.77
	17 Other Comprehensive Income
	A.(i) Items that will not be reclassified to Profit / (Loss)	5.57	14.65		13.69
	(ii) Income tax relating to the Items that will not be reclassified to Profit / (Loss)	(0.36)	(4.83)		(4.50)
	B.(i) Items that will be reclassified to Profit! (Loss)	1.39	(1.90)	0.70	1.14
	(ii) Income tax relating to items that will be reclassified to Profit! (Loss)
	Total Other Comprehensive Income	6.60	7.92	0.70	10.33
	18 Total Comprehensive income for the period (16+17)	49.65	58.11	20.17	217.10
	19 Paid up Equity Share Capital (Face Value Rs 10/-each)	309.90	309.90	309.90	309.90
	20 Other Equities (Reserves)				5396.77
	21 Earnings per equity share (for continuing operations)
	Basic	1.60	1.88	0.65	7.01
	Diluted	1.60	1.88	0.65	7.01
	22 Earnings per equity share( for discontinued operations)
	Basic
	Diluted
	23 Earnings per equity share (for discontinued and continuing operations)
	Basic	1.60	1.88	0.65	7.01
	Diluted	1.60	1.88	0.65	7.01

For THEINDIA CEMENTS LIMITED

Notes:

1 The above Financial Results have been reviewed by the Audit Committee and approved by the Board of Directors at the meetings held on 10th August 2021 and 11th August 2021 respectively.

• 2 The Company is primarily engaged in manufacture and marketing of cement and cement related products. Subsidiaries and Associate companies are mainly engaged in the business of Sugar, Power, Financial Services, Trading, Mining and Transportation. The reportable segment is only cement.
• 3 Certain assets of the Company having an aggregate carrying value of Rs.120.34 Crores were attached by a statutory authority during 2015. The Company has already appealed against the Order of the said attachment and the matter is presently Sub judice. The Auditors have continued to draw an emphasis on this matter in their Report.
• 4 The Competition Commission of India (CCI) vide its Order dated 31.08.2016 imposed a penalty of Rs.187.48 Crores on the Company. The Company filed an appeal before COMPAT (Presently NCLAT). The COMPAT in its interim order directed the Company to pay 10% of the penalty amount (Rs 18.75 Crores) before granting stay which was deposited by the Company. NCLAT vide its order dated 25/07/2018 dismissed the appeal filed by the Company. Against this the Company has filed art appeal in the Supreme Court challenging the NCLAT order and the Supreme Court vide its Order dated 5-10-2018 admitted the Company's appeal and directed that the interim order passed by the Tribunal in the matter, will continue. The Auditors have continued to draw an emphasis on this matter in their Report.
• 5 a) The spread of novel coronavirus disease (COVID 19) has severely impacted businesses in India and abroad. The regular business operations have been disrupted during the quarter due to lockdowns, restrictions In transportation, supply chain disruptions, travel bans, social distancing and other emergency measures imposed by the Government. The pandemic situation has affected the normal business operations of the Company and production, sales and profitability, inter ails, have been impacted.
• b) The Company also has assessed, in line with "Advisory on Impact of Coronavirus on Financial Reporting" issued by the Institute of Chartered Accountants of India, the recoverability and carrying values of its assets comprising property, plant and equipment, intangible assets, trade receivables, inventory and investments as at the balance sheet date. Based on the assessment by the Management the net carrying values of the said assets will be recovered at the values stated. The Company evaluated the internal controls including internal controls with reference to financial statements, which have been found to be operating effectively given that there have been no dilution of such controls due to factors caused by COVID 19 situation.

6 (i) The Statutory Auditors have carried out a limited review of the financial results for the quarter ended 30th June 2021.

The figures for the quarter ended 31.03.2021 are the balancing figures between audited figures in respect of the financial year 2020-21 and the year to date figures upto the quarter ended 31.12.2020.

The previous periods' figures have been regrouped to confirm to Current period's required classification.

Chennai 11th August 2021

K.S. RAO & CO., S. VISWANATHAN LLP., Chartered Accountants Chartered Accountants 7-B, 7th Floor, Century Plaza, 560-562 17, Bishop Wailers Avenue (West) Anna Salai, Mylapore, Chennai — 600 018 Chennai —600 004

Independent Auditor's Review Report on Unaudited Quarterly Consolidated Financial Results of The India Cements Limited Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015(as amended)

To

Board of Directors of The India Cements Ltd

• We have reviewed the accompanying statement of unaudited consolidated financial results of The India Cements Ltd ('the Holding Company') and its subsidiaries (the Holding Company and its subsidiaries together referred to as 'the Group') and its share of net profit/(loss) after tax and total comprehensive income/loss of associates for the quarter ended 30thJune 2021 ('the Statement'), being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended('Listing Regulations').
• This Statement, which is the responsibility of the Holding Company's management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting ('Ind AS 34'), prescribed under section 133 of the Companies Act, 2013 ('the Act'), and other accounting principles generally accepted in India and in compliance with Regulation 33 of Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review.
• We conducted our review of the Statement in accordance with the Standard on Review Engagements ('SRE') 2410, 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the Circular issued by the SEBI under Regulation 33 (8) of the Listing Regulations, to the extent applicable.

The statement includes results of the following entities:

Subsidiaries:

• Coromandel Electric Company Limited
• Coromandel Travels Limited
• ICL Financial Services Limited

K.S. RAO & CO., Chartered Accountants 7-B, 7th Floor, Century Plaza, 560-562 Anna Salai, Chennai — 600 018

S. VISWANATHAN LLP., Chartered Accountants 17, Bishop Wailers Avenue (West) Mylapore, Chennai —600 004

• India Cements Infrastructures Limited
• Industrial Chemicals and Monomers Limited
• ICL International Limited
• ICL Securities Limited
• NKJA Mining Private Limited
• Springway Mining Private Limited
• Coromandel Minerals Pte. Ltd, Singapore
• PT Coromandel Minerals Resources, Indonesia
• PT Adcoal Energindo, Indonesia
• Raasi Minerals Pte. Ltd, Singapore
• Trinetra Cement Limited (Transferor company existing as per order of Hon'ble High Court of Madras)

Associates:

• Coromandel Sugars Limited
• India Cements Capital Limited
• Raasi Cement Limited
• Unique Receivable Management Pvt. Limited
• PT Mitra Setia Tanah Bumbu, Indonesia
• 1. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.
• Without qualifying our report, we draw attention to
• Note no. 3 to the Financial Results, regarding the order of attachment issued by the authorities through which certain assets of the company amounting to Rs.120.34 Crores have been attached vide provisional attachment Order dated 25th February 2015 which the company is disputing before legal forums. The company has been legally advised that it has strong grounds to defend its position, pending the outcome of the proceedings the impact if any is not ascertainable at this stage.
• Note no. 4 of the financial results, relating to the order of the Competition Commission of India (CCI), concerning alleged contravention of the provisions of Competition Act, 2002 and imposing a penalty of Rs.187.48 Crores on the Company. On Company's appeal, National Company Law Appellate Tribunal (NCLAT), in its Order passed on 25th July, 2018, has reportedly upheld the CCI's Order. The company appealed against the order before Supreme Court and the Supreme Court vide its Order dated 05th October, 2018 admitted the Company's appeal and directed that the interim order passed by the Tribunal in the matter, will continue. Pending the outcome, no provision is made in the financial results.

K.S. RAO & CO., S. VISWANATHAN LLP., Chartered Accountants Chartered Accountants 7-B, 75hFloor, Century Plaza, 560-562 17, Bishop Wailers Avenue (West) Anna Salai, Mylapore, Chennai — 600 018 Chennai — 600 004

• The Statement includes the financial results of fourteen subsidiaries, which have not been reviewed/audited, whose interim financial results reflect total revenues of Rs. 20.61 Crores, net loss of Rs.1.30 Crores and total comprehensive income of Rs.0.28 Crores for the quarter ended 305hJune 2021, as considered in the Unaudited Consolidated Financial result. The Statement also includes the Group's share of net loss of Rs.2.85 Crores and total comprehensive income of Rs.1.49 Crores for the quarter ended 30t hJune 2021, as considered in the unaudited consolidated financial result, in respect of five associates, based on their interim financial results, which have not been reviewed/audited. According to the information and explanations given to us by the management, these financial results of aforesaid subsidiaries and associates are not material to the Group. Our conclusion on the statement is not modified in respect of the above matter.
• Attention is drawn to the fact that the figures for the three months ended 31 March 2021 as reported in these financial results are the balancing figures between audited figures in respect of the full previous financial year and the published year to date figures up to the third quarter of the previous financial year. The figures up to the end of the third quarter of previous financial year had only been reviewed and not subjected to audit.

For K.S. Rao & Co., Chartered Accountants Firm Regn No: 003109S KRISHNA Digitally signed by KRISHNA CHAITHANYA CHAITHANYA M Date: 2021.08.11 10:03:11 +0530'

M. Krishna Chaithanya Partner Membership No.231282 UDIN: 21231282AAAADE3471

Place: Chennai Date: 115hAugust 2021

Chgaally +lg. by KRISHNAN CHEllA SRIN1VASAN ON: calti. oaPersonat psetelonya615650.5"2adeat196aec5125S20 2111 1061,054134066040.12318claa 1 a., portaKodet600012, sterA1.41. NAP., aenalDurnDerel 6ca01,114005100527138aelff298041c For S. Viswanathan LLP., Chartered Accountants Firm Regn No: 004770S/S200025 KRISHNAN CHELLA

700011,07<065061217DIdelecede19701, Cr...15111JAN CHULA SRINIVASAN

Date:2021 08.11 10,6.15 .05. 30. SRINIVASAN Chella K. Srinivasan Partner Membership No.023305 UDIN: 21023305AAAAFB2791

Corporate Office : Coromandel Towers, 93, Santhome High Road, Karpagam Avenue. R.A. Puram, Chennai - 600 028. Phone : 044-2852 1526, 2857 2100 Fax 044-2851 7198, Grams : 'INDCEMENT' CIN : L26942TN1946PLC000931

SH/SE/ 11.08.2021

BSE Limited Corporate Relationship Dept. First Floor New Trading Ring, Rotunda Building Phiroze Jeejeebhoy Towers Dalal Street, Fort MUMBAI - 400 001.

National Stock Exchange of India Limited Exchange Plaza, 5thFloor Plot No.0/1, G Block Bandra-Kurla Complex Bandra (E) MUMBAI 400 051.

Scrip Code: 530005

Scrip Code: INDIACEM

Dear Sirs,

Sub.: Intimation of Book Closure pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Register of Members of the Company will remain closed from 02.09.2021 to 08.09.2021 (both days inclusive) for taking record of the Members of the Company for the purpose mentioned below:

	Book Closure		Record	Purpose
Type of Security	From	To	Date
Equity Sharesof Rs.10/- each	02.09.2021	08.09.2021	--	Payment of dividendfor2020-21andtheyearAnnual General Meeting tobe held on 08.09.2021.

Kindly take the above on record and display the same on the website of your Stock Exchange.

Thanking you,

Yours faithfully, for THE INDIA CEMENTS LIMITED

COMPANY SECRETARY