Indo Thai Securities Limited — Annual Report 2021

Jun 30, 2021

\

a		IndoThaiSecurities	Limited
'al		L67120MP1995PLC008959CIN:
IndoThaitrode with confidence		MCXMemberNCDEXNSECorporateBSEMSEI :	DP-CDSL
		30%2021Date:June,
	To,TheListing DepartmentBSELimited:DepartmentofCorporateAffairsTowersPhirozeJeejeebhoyDalalStreetMumbai- 400001	To,TheListingDepartmentExchangeStockNationalofIndiaLtd.ExchangePlaza,PlotGNo.BlockC/1,Bandra-KurlaComplex,Bandra(E)Mumbai- 400051
	DearSir/Madam,Sub.:SubmissionofAuditedStandalone&andyearendedon31*March,2021	ConsolidatedFinancialResultsforthe4%quarteralongwithAuditor'sReport.
	- INE337M01013;ScripId- 533676;: ISINRef.	INDOTHAICode-Scrip
	subject, weWithaforementionedreferencetotheandperusalrecords.	documentssubmitfollowingherebyyourkindfor
	-CopyoftheStandalone&Consolidated4*quarterandyearendedon31*March,	AuditedquarterlyFinancialResultsoftheCompanyfor2021,alongwithAuditor'sReportthereon.	<br> \
	Thisisfor yourandrecords.information		Y
	Thankingyou,Yourstruly,

Ref. : ISIN - INE337M01013;Scrip Id- 533676; Scrip Code- INDOTHAI

Regd. Office : "Capital

E Indo Thai Securities Limited a CIN : L67120MP1995PLC008959

Indo Thai Securities Limited

	EaThaitrade with confidence		Corporate	IndoThaiMember:	SecuritiesCIN:MCXNSEBSE	L67120MP1995PLC008959NCDEX	LimitedMSEIDP-CDSL
	Indo Thai Securities LimitedResults for the Quarter &Statement of Standalone Audited Financial		Year ended on March31, 2021Quarter Ended		Year Ended	(Rs. in lakhs)
	Particulars	Fig as per Ind AS Fig as per Indas on 31.03.2021	as on 31.12.2020	AS Fig as per Ind AS] Fig as per Ind AS as on 31.03.2020	as on 31.03.2021	%TioePer Ind31.03.2020
	[Revenue from opertations(a) Interest Income(b) Dividend Income	Audited39.93	Unaudited47.06	Audited4429	Audited185.97	Audited202.56
	(c) Fees Commission Income(4) Sale of services(c) Net profit on fair value changes	323120.29601	64990.13469	2.98205.737:16	11.64447.7619.73	9.48705.5920.47
	() Other operating revenue Total revenue from operations (1)Other IncomeTotal Income(I+11)	456.99626.4536.19662.64	675.95s824.3224.08848.40	:600)254.161.89256.05	1,523.092,188.1975.282,263.47	:938.10433942.43
	Expenses(a) Fees and commisision expenses(b) Net loss on fair value changes	3t-	26,87-	27.261,562.78	124.70:	99.281,600.29
	(©) Changes in Inventory(©) Employee benefit expenses(A) Finance Costs	569.19	A46.05	49.08	211.34	5199.94
	(©) Depreciation ,amortization and impairment() Other expenses	14.2985545.54	19.1086747.50	45.7210.8423.00	83.63,33.87172.02	134.6539.43229.36
	[Total Expenses(IV)	170.89	148.19	1,718.68	625.56	2,302.98
	relibefore exceptional items and tax (II -	oun	nen	(1462.63)	esr	(136059)
	Exceptional itemsProfit/(loss) before tax (V -V1)(VIII) Tax Expenses:	:491.75	700.21	+(1,462.63)	1,637.91	=(1,360.52)
	(1) Current taxQDeferred taxProfit/ (lose)forthe period from continuing	:239.88	:194.33	61.66)(281.23)	(1.12)389.57	0.96(272.20)	\
	operations (VIT VIN)[One time impact on 'Tax Expenses (current &	251.87	505.88	(1,129.74)	1,249.45	(1,089.28)
	deferred) due to change in tax rate (Note No.9)Profit /(loss) for the period (IX - X)	gies"32.92	505.88	-(1,129.74)	aE.1,030.50	G(1,089.28)
	Other comprehensive Income() Items that will not be reclassified to profit of loss
	(@Remeasurement gain/(loss) of defined employeeieeeely	13.23	12,83	(15.21)	1857	(14.96)
	(b) Income tax relating to items that will not bereclassified to profit or loss Other Comprehensive income	633)	o)	a	ann	oe
	Total comprehensive Income attributable to:	9.9042,82	9.47515.35	(11.25)(1,140.99)	13.901,044.39	(11.07)(1,100.35)}
	- Owners of the company- Noncontrolling interestTotal comprehensive Incomeforthe period (XIL) (KI+XI1)(Comprising Profit (Loss) and other[Comprehensive income for the period)	42,82-42.82	515.35-515.35	(1,140.99)-(1,140.99)	1,044:39-1,044.39	0039a-(1,100.35)
Indo(@)_(1)(11)(IV)in(V1)(VIN)2 (XI)(XII)cctv)	E*ming per equity share (for continuingloperations)Basic (Rs)	0.33	5.06	(11.30)	10.30	(10.89)

Indo Thai Securities Limited

ay"		Indo	ThaiSecurities		Limited
aIndoThai		CorporateMember	CIN:;NSE BSE MCX	L67120MP1995PLC008959 NCDEX MSEI	DP-CDSL
tradewithconfidence	Indo	ThaiSecuritiesLimited
	StNo	StatementofStandaloneAssetsandLiabilitiesParticulars		(Rs.inLakhs)
		[ASSETS
		1 FinancialAssets(@Cashandcashequivalents	597.57	481.04
		(Gi)Bankbalanceotherthan()above(ii)SecuritiesfortradeGv)Receivables	2,506.23958.27	2,193.28345.95
		(@)TradeReceivables(b)OtherReceivables	353.39-	1,086.78:
		(v)Loans(vi)Investments	101.772,315.51	57.581,103.97
		(vii)OtherfinancialassetsTotalFinancialAssetsAssets2)NonFinancial	577.267,409.99	704.835,973.43,
		()CurrenttaxassetsGi)Deferredtaxassets	13.29=	20.95572.89
		Gi)Property,plantandequipment(iv)Otherintangibleassets	217.06034	240.600.64
		OthernonfinancialassetsTotalNonFinancialAssets[TOTALASSETS	87.44318.137,728.12	58.43893.526,866.95
		LIABILITIESANDEQUITYLIABILITIES
		1 FinancialLiabilities(@)Payables
		(a) TradePayables(@totaloutstanding dues ofmicroenterprises andsmall enterprises	-
		(Gi) total outstanding dues ofcreditors other than micro enterprises andsmallenterprises	2,167.26	1,692.67
		(b)OtherPayables(i)totaloutstandingduesofmicroenterprisesand
		smallenterprises(Gi)totaloutstandingduesofcreditorsotherthanmicroenterprisesand	-	-A
		smallenterprises(Gi)Borrowings(Otherthandebtsecurities)(ii)Deposits	22.6741.34	694.0241.72
		(iv)Otherfinancialliabilities TotalFinancialLiabilities	41.042,272.30	33.872,462.29
SECU,>=	VAX'1%	Non-financialLiabilities @CurrenttaxliabilitiesGi)Provisions	2	-
BFIngoke	}S//	VaiOthernonfinancialabilities G)Deferredtaxliabilities	+11.7640.31	26.801851:
rly©,"=F	3}	[Total=NonFinancialLiabilitiesEquity	52.07	31
		(@)EquitysharecapitalGi)Otherequity'TotalEquity	1,000.004,403.755,403.75	1,000.003,359.364,359.36

Regd. Office : "Capital Tower", 2nd Floor, Plot Nos. 169A-171, Tel. : (0731) 4255800 - 801 Website : www.indothai.co.in PU-4, Scheme No. 54, Behind C-21 Mall, Indore - 452010 (M.P.) Fax : (0731) 4255805 E mail: indothaigroup@indothai.co.in

Statement of Standalone Cash Flow
------------------------------------------	--	--	--	--

		Indo
			ThaiSecurities	Limited
Thai		Member	CIN:MCXNSE	L67120MP1995PLC008959NCDEXMSEI
trode with confidence		Corporate:	BSE:
		'Statement of Standalone CashFlow		in Lakhs)
	SeNo	Particulars
		1 Cash FlowfromOperating ActivitiesProfit before tax	1,637.91
		Add /(less): Adjustments		(1,36052):
		[Depreciation / AmortizationInterest expenses	33.87	39.43
		financial assets measured at FVIPLNet (gain)/loss arising on	83.63(1,523.09)	134371,600.29
		Dividend incomeProfit onsale of property, plantand equipment (Net)	(11.64)	048)
			i-	0.08
		Cashgenerated fromoperations before workingcapital changesAdjustmentfor:		waar
		(Increase)/ Decrease in other bank balances	1294)	(17710)
		(Increase)/ Decrease in securities for trade	(612.32)	443.87
		(Increase)/ Decrease in recivables(Increase)/ Decrease in other financial assets	733.39127.57	1,147.25(43424)
		(Increase)/ Decrease in other nonfinancial assets	693)	(1344)
		Increase/ (Decrease) in trade payablesIncrease/ (Decrease) in deposits	474.58	(18.71)
		Increase/ (Decrease) in other financial liabilities	(0.38)7.16	(422)1036
		Increase/ (Decrease)inprovisions	(6.23)(675)	47)
				5.67
		Increase/ (Decrease) in other nonfinancial liabilitiesCashgenerated from/(used in) operations	615.83	1,308.89
		Direct tax paid	(13.29)}	(4.20)
		Netcash from/(used in) Operating Activities(A)	602.55	1,304.69
		2 (Cash FlowfromInvesting Activities
		fabaPayments made/received forpurchase/sale offixedassets/ capital	(10.03)	18.87
		(Purchase) / Sale of Investments	311.55	(1,211.62)
		Loans - Financial Assets	(44.19)	(67.58)
		Dividend incomeNetcash from/(used in) Investing Activities(B)	11.64268.97	948(4,240.86)
		Flow3}CashfromFinancing Activities
		Proceeds from borrowings	(671.35)	21.37
		Interest paid	(83.63)	(134.37)
		Dividend and Dividend distribution taxNetcash from/(used in) FinancingActivities (C)	:(754.98)	(120.56)(233.55)
		Equivalents (A+B+C)Netincrease/ (decrease) in CashandCash	tess	Gem
		Cash andCash Equivalentsat the beginning of the year	481.04	650.76
		FCashandCashendEquivalents at theofthe year	597.57	481.04
		ComponentsofCashandCashEquivalents at the endof the year
		Cash in hand	2.45	1.25
		Current accountFixed deposit	594.15097	478.90

NOTES TO RESULTS:

• Abovefinancial results have been Prepared in accordance with the principles laid down in Ind AS 34 Interim Financial Reporting prescribed under section 133 of Companies Act, 2013 read with rules issued thereunder and the accounting principles generally accepted in India. . In terms of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, a Certificate was placed before the Board of Directors of the Company, wherein Chief Executive Officer and Chief Financial Officer of the Companycertified that the financial results do not contain anyfalse or misleading statement or figures and do not omit any material fact which may make the statements or figures contained therein misleading. 3. The aboveresults were reviewed by the Audit Committee and thereafter approved by the Board of Directors in their meetings held on 30" June, 2021. 4. The Statutory Auditor ofthe Companyhas carried out Auditofthe financial results for the quarter and year ended on 31* March, 2021 in terms of Regulation 33 ofthe Securities and Exchange Board ofIndia (Listing Obligations and Disclosure Requirements) Regulations, 2015. There is no qualification in the Audit Report(s) issued for the said period.

• 1. The Company is engaged in single segment of Stock Broking and other Activities as defined in Ind AS-108, hence segmentreporting is not applicable'to the Company. § Company has two Subsidiary Companies namely Indo Thai Realties Limited and Indo Thai Globe Fin (IFSC) Limited, 100% Shares of such Subsidiary Companies are held by Indo Thai Securities Limited (Holding Company), therefore details for minority interest is NIL. Company has opted to publish the consolidated financial results pursuant to Regulation 33 & 47 ofthe Securities and Exchange Board ofIndia (Listing Obligations and Disclosure Requirements) Regulations, 2015. 8. The Board of Directors have recommended dividend @ 10% (i.e. Re. 1/- per Equity Share) on the face value of Rs. 10/- per Equity Share for the financial year ended 31* March, 2021, . On September 20, 2019, the Government of India, vide the Taxation laws (Amendment) Ordinance 2019, inserted Section 115BAA in the Income Tax Act, 1961, which provides domestic Companies an option to pay Corporate Tax at reduced rate effective April 1, 2019 subject to certain conditions. Accordingly the Company has decided to exercise the option of lower tax rate available under Section 115BAA of the Income Tax Act, 1961, as introduced by Taxation Laws (Amendment) Ordinance, 2019,with effect from FY 2020-2021. Accordingly, the Companyhas recognised the provision for income tax for year ended March 31,2021 and re-measured the accumulated deferred tax asset/liabilities at March 31, 2021 based on the rate prescribed under Section 115BAA. Consequently, the company has reversed MAT Credit of Rs.218.95 Lakhs during the current quarter. This matter has resulted in one time impact on Tax expenses (current & deferred). 11. The figures for quarter ended 31* March, 2021 and 31* March, 2020 represent the balance between audited financials in respect of full financial year ended and those Published till the third quarter of the respective financial year. Nv e
  • 1. Previous periods' figures have been regrouped/ rearranged, wherever necessary to confirm to current periods classifications. .

Place : Indore For & on behalf ofthe Board of Directors Date : 30 June, 2021 Indo Thai Securities Limited lanaging Director cum CEO) DIN : 00700492

Formerly known as SPARK & Associates

S Pp A R K & ASSOCIATES onHouse, 51, Scheme No. 53, Vijay Nagar, ar Medanta Hospital, INDORE-452011 (M.P.) CHARTERED ACCOUNTANTSLLP Tel. : 0731-4230240, E-Mail : info@ca-spark.com vawwe.ca-spark.com

INDEPENDENT AUDITOR'S REPORT

TO THE BOARDOFDIRECTORSOF INDO THAI SECURITIES LTD

Report on the auditof the Standalone Financial Results

Opinion

Wehaveaudited the accompanying standalonefinancial results of Indo Thai Securities Ltd (the company) for the quarter ended 31-Mar-21 and the year to date results for the period from 1-Apr-20 to 31-Mar-21, attached herewith, being submitted by the company pursuantto the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended("Listing Regulations").

In our opinion andto the best of our information and according to the explanations given to us these standalonefinancialresults:

i, are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and

ii, gives a true and fair view in conformity with Indian Accounting Standard prescribed underSection 133 of the Companies Act 2013 (the "Act") read with relevant rules issued thereunder andother accounting principles generally accepted in India of the net profit and total comprehensive incomeandother financial information of the Companyfor the three months and year ended March 31, 2021.

Basis for Opinion

Weconducted our audit in accordancewith the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013 (the Act). Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the standalone Financial Results section of our report. We are independent of the Companyin accordance with the Codeof Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirementsthatare relevant to our audit of the financial results under the provisions of the Companies Act, 2013 and the Rules thereunder, and we have fulfilled our otherethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtainedis sufficient and appropriate to providea basis for our opinion on the Standalonefinancialresults.

Management's Responsibilities for the Standalone Financial Results

Thefinancial results for the year ended 31 March 2021 have been prepared onthebasisof the consolidated annualfinancial statements, The Company's Board of Directors are responsible for the preparation of these standalonefinancialresults that give a true and fair view of the net profit/loss and other comprehensive income and other financial information in accordancewith the recognition and measurementprinciples laid downin Indian Accounting prescribed under Section 133 of the Act read with relevantrules issued thereunderand other accounting principles generally acceptedin India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting

Branches at: 8 Bhopal ® Kota» Mumbai 8 New Dethi® Bang iy ®» Ahmedabad ® JamshedpurP Sangrur ® Noida ®» Pune ® Raipu

records in accordance with the provisions of the Act for safeguarding of the assets of the Companyand for preventing and detecting frauds and otherirregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls that were operatingeffectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone financial results that give a true and fair view andare free from material misstatement, whether dueto fraud or error, which have been used for the purpose of preparation of the consolidated financial results by the Managementandthe Directors of the Holding Company, as aforesaid.

In preparing the standalonefinancial results, the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, mattersrelated to going concern and using the going concern basis of accounting unless the Boardof Directors either intendsto liquidate the Companyorto cease operations, or has no realistic alternative but to do so.

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

Auditor's Responsibilities for the Audit of the Standalone Financial Results

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

Aspart of an audit in accordance with SAs, weexercise professional judgment and maintain professional skepticism throughoutthe audit. Wealso:

• ¢ Identify and assess the risks of material misstatement of the standalonefinancial results, whether due to fraud or error, design and perform audit procedures responsiveto those risks, and obtain audit evidence that is sufficient and appropriate to providea basis for our opinion. Therisk of not detecting a material misstatement resulting from fraudis higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internalcontrol.
• ¢ Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriatein the circumstances, but notfor the purpose of expressing an opinion ontheeffectiveness of such control.
• « Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates andrelated disclosures madeby the BoardofDirectors.
• ¢ Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that maycast significant doubton the Company's ability to continue as a going concern. If we conclude that a material

uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the standalonefinancial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained upto the date of our auditor's report. However, future events or conditions may cause the Companyto cease to continueas a going concern.

• ¢ Evaluate the overall presentation, structure and content of the standalonefinancial results, including the disclosures, and whether the standalone financial results represent the underlying transactions and events in a manner that achieves fair presentation.
• * Obtain sufficient appropriate audit evidence regarding the standalone Financial Results of the Companyto express an opinion on the standalone Financial Results.

We communicate with those charged with governance regarding, among other matters, the plannedscopeandtimingof the audit andsignificant audit findings, includinganysignificant deficiencies in internal control that we identify during our audit.

Wealso provide those charged with governance with a statementthat we have complied with relevantethical requirements regarding independence, and to communicate with them all relationships and othermatters that may reasonably be thoughtto bear onour independence, and where applicable,related safeguards.

Unique Document Identification Number (UDIN) for this document is 21436593AAAAAR8017

For SPARK & Associates Chartered Accountants LLP Chartered Accountants Firm Reg No. 005313C / C400311

ate CA Chandresh Singhvi

Partner Membership No.436593

Indore, dated 30Jun, 2021

			Indo	Thai	Securities	Limited
atewe			Corporate	Member:NSE BSE	CIN:MCX NCDEX	L67120MP1995PLC008959 MSEI DP-CDSL
trode with ERA.	secuLimitedIStatement ofconsolidated AuditedFinancial Results for the	Quarter &Year	onendedMarchQuarter Ended	31, 2021		(Rs. in lakhs)
	;	Fig as per Ind]ASas on	Fig as per Ind ASas on	Fig as per Ind AS_.	Fig as per IndASason	Year EndedFig as per Ind AS
	Particulars	31.03.2021	31.12.2020	as on31.03.2020	31.03.2021	as on31.03.2020
		Audited	Unaudited	Audited	Audited	Audited
	Revenuefrom opertations
	Interest IncomeDividend Income	40.43323	SOAS6.49	4455296	187.9411.64	201.709.48
	Fees CommissionIncomeSale of servicesNet gain on fairvalue change	120.296.01456.99	90.13469675.95	205.7371646)	447.7619.731,523.09	705.5920.47
	Other operating revenue@Total revenue from operations	-626.95	-827.41	6.00) 250.93	-2,190.17	'«
	Other IncomeTotal Income(1+I1)	49.41676.35	33.30860.71	3213283.07	115.282,305.45	937.2457.49994.73
	ExpensesandFeescommisisionexpenses(@)	3331	26.87	27.26	124.70	99.28
	Net lossonvaluechanges(&)fairChangesInventoryin(¢)	-	=-	1,562.78E	5	1,600.29ee
	Employeeexpensesbenefit(©)FinanceCosts (d)Depreciationand impairmentamortization(c)	71.1014.2919.60	468319.10	49.714411)	217.1783.63
	(Other expenses{Total Expenses(IV)	4893187.24	20.2954.68167.7	23.3626.14]1,733.37	1643183.99685.91	204.12134.651671239.06
	hhxxbetieexcepetonet Remaand	499.11	92.94	(1,450.30)	1,619.53	2,384.11(1,359.38)
	Exceptional itemsProfit/(loss) before tax (V -VI)	"499.11	-692.94	(1,450.30)	<1,619.53,	5(1,359.38)
	TaxExpenses:CurrentQ(1)taxDeferredtax	030238.22	%192.84	61.66)	(0.82)	0.96
	fromcontinuingperiodProfit/ lopecetionsthefor(loss)(VIE-VIED	250.59	500.10	(284.09)(4,114.56)	383.601,236.75	(276.5)1,083.59)
	&TaxonExpenseslOnetimeimpact(currentducrte(Notechangedeferred)toNo-t!)intax	2m	sg
	Profit /(loss) for the period (IX -X)	31.64	300.10	(1,114.56)	aa31,017.80	1,083.59)
	Other comprehensive IncomeaItems thatwill not be reclassified toprofit or loss
	ae@)it grin(lone) ofdefined employee	1323	12.83	(15.21)	1857	(1496)
	aie)oiemsthat will not be	33)	a9)	as	aa)	os
(a)(lt)(1)(IV)Iv)(V1)(VII)(Vit)KR)0)(KI)(X11)	Other Comprehensive income (XII1) Share of profit/(loss) of associates	9.90037)	947381	(11.25)(4.66)	B.90(1.46)	(11.07)(1.00)
	Total comprehensive Incomeattributableto:	41.16	513.38	(4,130.47)	1,030.23
		41.16	513.38	(1,130.47)	1,030.23,
		41.16	513.38	1,130.47)	1,030.23	(1,095.66) (1,095.66)(1,095.6)
		032	5.00	(11.15)	10.18	(10.84)

Z Indo Thai Securities Limited a CIN : L67120MP1995PLC008959 Indo Thai Corporate Member : NSE | BSE | MCX | NCDEX | MSEI | DP-CDSL

Z			IndoThai	Securities	Limited
a				CIN	L67120MP1995PLC008959
IndoThai			MemberNSECorporate	:MCXNCDEXBSE	MSEIDP-CDSL
trade with confidence	Indo	ThaiSecurities LimitedStatementofConsolidated	:
		Assets andLiabilities		(Rs. in Lakhs)
	StNo	Particulars
		ASSETS1)/Financial Assets
		(@ Cash andcash equivalents	603.84	501.51
		(Gi) Bankbalance other than (i) above	2,604.73	2,293.29
		(Gi) Securities for tradeliv) Receivables	958.27	345.95
		(@) Trade Receivables	353.39	1,086.78,
		(b) Other Receivables(¥) Loans	-	:
		(vi) Investments	-1,486.95	269.12
		(vii) Other financial assets	591.39	704.92
		[Total Financial Assets2 NonFinancial Assets	6,598.56	5,201.57
		(i) Currenttaxassets	13.29	24.88
		(i) Deferred tax assets	-	581.54
		Gii) Property, plant and equipment(iv) Right to use asset	217.0614.27	240.61
		(¥) Investment property	831.79	15.77771.07
		(vi) Other intangibleassetsnon(vil) Other	0.34	0.64
		financial assets[Total NonFinancial Assets	185.701,262.46	205.471,839.98
		[TOTALASSETS	—<—<=7,861.02	—7,041.54
		ANDEQUITYLIABILITIESLIABILITIES
		1 Financial Liabilities
		() Payables
		(a) Trade Payables(@ total outstanding dues of micro enterprisesand
		small enterprises
		espe(i) total outstanding dues of creditors other thanTikisitepeees el-ecal	2,167.26	1,692.67
		(b)OtherPayables
		(@ total outstanding dues ofmicroenterprises and
		small enterprises		a
		(i) total outstanding dues ofcreditors otherthanmicro enterprises andsmall enterprises	iiss
		i) Borrowings (Otherthan debt securities)	:2.67	:694.02
		(ii) Deposits(Gv) Other financialliabilities	58.21	66.39
		'Total Financial Liabilities	42312,290.76	39.192,493.20
		2 Non-financial Liabilities
		(@ CurrenttaxliabilitiesGi) Provisions	030	'
		(Gil) Other nonfinancial liabilities	12.05	26.8018.66
		liv) Deferred tax liabilities[Total Non	24.80
		Financial Liabilities3 Equity	37.15	45.46
		() Equity share capital	1,000.00	1,000.00
		(i), Other equity	4533.11	3,502.88
		Total EquityAND[TOTALEQUITYLIABILITIES	5,533.117,861.02	4,502.88,7,041.54

Regd.Office : "Capital Tower", 2nd Floor, Plot Nos. 169A-171, PU-4, SchemeNo. 54, Behind C-21 Mall, Indore - 452010 (M.P.) Fax : (0731) 4255805 E mail: indothaigroup@indothai.co.in

		IndoThai	Securities	Limited
IndoThai	Corporate	Member:NSE	CINMCX BSE	: L67120MP1995PLC008959NCDEX MSEI DP-CDSL
trode with confidence
Statement	ofConsolidatedCashFlow		(Rs.inLakhs)
StNo	Particulars	'AsatSistMarch2021	Asat31Mach2000
1)CashProfit	FlowfromOperatingActivitiesbeforetax	Audited	Audited
JAdd	/(ess:Adjustments[Depreciation/Amortization	1,619.53=	360.37)as
	——arisingfinancialmeasured	76.4383.63	767113437
vies.[Dividend	=sere=income	(1,523.09)	1,595.31
{InterestProfit	Incomeonsaleofproperty,	(11.64)(187.94)	9.52)275)
Short	plantandequipment(Net)'TermCapitalGain	:029)	0.08
Cash	generatgeneratedfromoperationsbeforeworking	ea	eon
Adjustment(Inerease)/	for:Decreaseinotherbankbalances	11.44)	@7.10)
(Inerease)/(increase)/	DecreaseinsecuritiesfortradeDecreaseinrecivables	1232)733.39	443.871,147.25
(Increase)/(Inerease)/	DecreaseinotherfinancialassetsDecreaseinothernonfinancialassets	11827	(434.24)
		43.40	03.92)
Increase/	(Decrease)intradepayables	473.98	(1854)
Tncrease/Increase/	(Decrease)indeposits(Decrease)inotherfinancialliabilities	G182922)	6422)1036
Increase/Increase/	(Decrease)inprovisions(Decrease)inothernonfinancialliabilities	(623)	@n)
CashDirect	generatedfrom/(usedin)operationstaxpaid	661)49.67	5.051317.68
Net	cashfrom/(usedin)OperatingActivities(A)	(13.29)436.38	(420)BBA
2 CashPayments	FlowfromInvestingActivitiesmade/receivedforpurchase/saleoffixed
assets/investment	capitalexpenditure/RightofuseAsset/Property	(111.89)	(70.67)
(Purchase)	Increase/(Decrease)inBankDeposit/SaleofInvestments	=	(100.00)
Loans-Decrease/	FinancialAssets(Increase)inOtherFinancialAsset	305.55:	(12103)6758)
IncreaseNet	/(Decrease)inOtherFinancialLiabilitiesproceeds(to)/from	(156)(11.85)	44114.68
InterestDividend	financialassetIncome	G18)187.94	(1.09)275
Netcash	incomefrom/(usedin)InvestingActivities(B)	11.64376.74	952m855)
3]CashFlowProceeds	fromFinancingActivitiesfromborrowings
Proceeds	fromfinancialliabilities	67135)44.19	21375758
InterestDividend	paidandDividenddistributiontax	(83.63)7	(134.37)(12056)
NetcashNet	from/(usedin)FinancingActivities(C)increase/(decrease)inCashandCash	(710.73)	(75.97)
Equivalents	(A+B+C)	mass	Gum
CashandCashand	CashEquivalentsatthebeginningoftheyearCash	'ae	Tas
Components	EquivalentsattheendoftheyearofCashandCashEquivalentsattheend	603.84	30151
loftheyearCashin	:hand
Current	account		1.83
Fixed	depositTotalcashandcashequivalents	603.84603.84	498.800.88BOLSI

PU-4, Scheme Office : "Capital No. 54, Behind Tower", C-21 2nd Mall, Floor, Indore Plot Nos. - 452010 1694-171, (M.P.)

Tel. Fax : (0731) : (0731) 4255800 4255805 - 801

Website : www.indothai.co.in E mail: indothaigroup@indothai.co.in

CIN : L67120MP199SPLC008959 Indo' Thai Corporate Member; NSE | BSE | MCX | NCDEX | MSEI | DP-CDSL

Thai	Corporate	IndoThaiMember;	NSE BSE	SecuritiesCIN:MCX NCDEX	LimitedL67120MP199SPLC008959 MSEI DP-CDSL
Consolidated	t&Yearended	onMarch	3;2021
1,Segmentrevenue
(a)Equities,broking&otherrelatedactivities(b)Realestateactivities	2			2,265.44	954.73
Totalsegmentrevenue	676.35	860.71	283.07	40.002,305.45	40.00994.73
2.Segmentresults(@)Equities,broking&otherrelatedactivities
()RealestateactivitiesTotalsegmentresults	516.33(12,92)	715.43}(3.39)	(1,408.46)}227	1,716.09(12,92)	(1,211.81)(12.92)
'Less:Interest	503.4014.29	712.0419.10}	(1,406.19)44.11	1,703.16	(1,224.73)
'Totalsegmentresultsbeforetax	489.11	692.94	(1,450.30)	83.631,619.53	134.65(1,359.38)
3.Segmentassets()Equities,broking&otherrelatedactivities(b)Realestate				6,880.48}
activitiesTotalsegmentassets				980.55	6,061.00980.55
4.Segmentliabilities				7,861.02	7,041.54
@)Equities,broking&otherrelatedactivities(b)Realestateactivities				2,207.41]	2,418.16
Totalsegmentliabilities				120.502,327.91	120.502,538.66
5.Capitalemployed(2)Equities,broking&other
relatedactivities(b)RealestateactivitiesTotalcapital				4,673.07	4,440.71
employedassets-Segmentliabilities)				860.04	62.17
				5,533.11	4,502.88
Office:"CapitalTower",2ndFloor,PlotNos.169A-171,	:Tel.:(0731)	-	801	Website	y: www.indothai.co.in
		4255800: (0731) 4255805
PU-4, SchemeNo. 54,- 452010C-21 Mall, IndoreBehind(M.P.)	Fax

NOTES TO RESULTS:

• 1. Above financial results have been prepared in accordance with the principles laid down in Ind AS 34 Interim Financial Reporting prescribed under section 133 of Companies Act, 2013 read with rules issued thereunder and the accountingprinciples generally accepted in India. In terms of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, a Certificate was placed before the Board of Directors of the Company, wherein Chief Executive Officer and Chief Financial Officer of the Companycertified that the financial results do not contain any false or misleading statement or figures and do not omit any material fact which may make the statements or figures contained therein misleading. 3. The above results were reviewed by the Audit Committee and thereafter approved by the Board of Directors in their meetings held on 30" June, 2021. 4. The consolidated results include the results of the Subsidiary Companies, namely Indo Thai Realties Limited & 7. Company has two Subsidiary Companies namely Indo Thai Realties Limited and Indo Thai Globe Fin (IFSC) Limited, 100% Shares of such Subsidiary Companies are held by Indo Thai Securities Limited (Holding Company), therefore details for minority interest is NIL. 8. Company has opted to publish the consolidated financial results pursuant to Regulation 33 & 47 of the Securities and Exchange Board ofIndia (Listing Obligations and Disclosure Requirements) Regulations, 2015. 9. The Standalone Financial Results of the Companyfor the 4% quarter and year ended on 31" March, 2021 are available on the Company's Website www.indothai.co.in and on the website of BSE (www.bseindia.com) and NSE (www.nseindia.com). Key Numbers ofStandalone Financial Results are as given below: Nv
  • Indo Thai Globe Fin (IFSC) Limited.
  • 1. Investment in Associate Company(i.e. Indo Thai Commodities Private Limited) has been accounted as per Indian Accounting Standard on Accounting for Investment in Associates (Ind AS 28) in Consolidated Financial Statements.
  • 1. The Statutory Auditor of the Company has carried out a Audit of the financial results for the quarter and year ended on 31* March, 2021 in terms of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. There is no qualification in the Audit Report(s) issued for the said period.

			Indo	Thai	LimitedSecurities
					L67120MP1995PLC008959CIN:
Thaitrode withconfidence			Corporate	Member:BSENSE	MCXMSEI DP-CDSL NCDEX
TONOTES	RESULTS:
1.Abovefinancial	resultshave	beenprepared
Financialthe	Reportingprescribedaccountingprinciplesgenerally	inundersection133ofacceptedin	accordancewiththeCompaniesAct,	principleslaiddownin2013readwithrules	IndAS34—Interimissuedthereunderand
-IntermsofNvRequirements)	Regulation33ofRegulations,	India.theSecuritiesand2015,a	ExchangeBoardof	India(Listing	ObligationsandDisclosure
whereinChiefdonotcontain	ExecutiveOfficeranyfalseor	CertificateandChiefFinancial	wasplacedbeforetheOfficerofthe	BoardofDirectorsCompanycertified	oftheCompany,thatthefinancialresults
statementsor3.Theabove	figurescontainedresultswerereviewed	misleadingstatementorthereinmisleading.	figuresanddonot	omitanymaterialfact	whichmaymakethe
theirmeetings4.Theconsolidated	heldon30"June,results	bytheAudit2021.	Committeeandthereafter	approvedbythe	BoardofDirectorsin
IndoThaiGlobe5.Investmentin	includeFin(IFSC)	theresultsoftheLimited.	SubsidiaryCompanies,	namelyIndoThai	RealtiesLimited&
AccountingStatements.	AssociateCompany(i.e.Standardon	IndoThaiAccountingforInvestment	CommoditiesPrivateinAssociates(Ind	Limited)hasbeenAS-28)in	accountedasperIndian
					ConsolidatedFinancial
6.TheStatutory	Auditorofthe	Companyhascarried	outaAuditofthe	financialresultsfor	thequarterandyear
endedon31*Obligations	March,2021inandDisclosure	termsofRegulationRequirements)Regulations,	33oftheSecurities2015.Thereis	andExchangenoqualification	BoardofIndia(ListingintheAuditReport(s)
issuedforthe7.Companyhas	saidperiod.twoSubsidiary	Companiesnamely	IndoThaiRealties	LimitedandIndo	ThaiGlobeFin(IFSC)
Limited,100%Company),	Sharesofsuchthereforedetailsfor	SubsidiaryCompaniesminorityinterestis	areheldbyNIL.	IndoThaiSecurities	Limited(Holding
8.CompanyhasandExchange	optedtopublishBoardofIndia	theconsolidatedfinancial(ListingObligationsand	resultspursuantDisclosure	toRegulation33Requirements)Regulations,	&47oftheSecurities2015.
9.TheStandaloneavailableon	FinancialResultstheCompany's	oftheCompanyforWebsitewww.indothai.co.in	the4%quarterandonthe	andyearendedonwebsiteofBSE	31"March,2021are(www.bseindia.com)and
NSE	(www.nseindia.com).Key	NumbersofStandalone	FinancialResults	areasgivenbelow:	(Rs. In Lakhs)
Particulars	31.03.2021	EndedQuarter31.12.2020	31.03.2020	Year31.03.2021	Ended31.03.2020
a) Turnover/	Audited	Un-Audited	Audited	Audited	Audited
Ravens	626.45	824.32	254.16	2188.19	938.10
b) Profit BeforeTax	491.75	700.21	(1462.63)	1637.91	(1360.52)
reAfter	32.92	505.88	(1129.74)	1030.50	(1089.28)
d) TotalComprehensiIncomeye	42.82	515.35	(1140.99)	1044.39	(1100.35)

qi CIN : L67120MP1995PLC008959 Indo Thaii Corporate Member :: NSE | BSE | MCX| NCDEX | MSEI | DP-CDSL

trade with confidence10. The Board of Directors have recommended dividend @ 10% (i.e. Re. /- per Equity Share) on the face value of 11. Rs. On

10/- per Equity Share for the financial year ended 31* March, 2021. September 20, 2019, the GovernmentofIndia, vide the Taxation laws (Amendment) Ordinance 2019, inserted Section 115BAA in the Income Tax Act, 1961, which Provides domestic Companies an option to March 31,2021 and re-measured the accumulated deferred tax asset/liabilities at March 31, 2021 based on the rate prescribed under Section 1ISBAA. Consequently, the company has reversed MAT Credit of (current Rs.218.95 & Lakhs deferred), during the current quarter. This matter has resulted in one time impact on Tax expenses 12.

• classifications, The previous periods' figures have been regrouped/ rearranged, wherever necessary to confirm to current periods 13. The figures for quarter
• financials in respect offull ended financial 31* March, 2021 and 31* March, 2020 represent the balance between audited year and those published till the third quarter ofthe respective financial year.

|

Formerly known as SPARK & Associates

SPARK House, 51, Scheme No. 53, Vijay Nagar, iF * (AX) SEARK &ASSOCIATES i, INDORE-452011 (M.P) vaww.ca-spark.com seriserscnanooneasatty

INDEPENDENT AUDITOR'S REPORT

TO THE BOARDOFDIRECTORS OF INDO THAI SECURITIES LTD

Report on the audit of the Consolidated Financial Results

Opinion

(Holding Wehave audited Company) the accompanying consolidatedfinancial results of Indo Thai Securities Ltd referred andits subsidiaries (Holding company andits subsidiaries together the period to as the "Group"), for the quarter ended 31-Mar-21 andtheyear to dateresults for Company from 1-Apr-20 to 31-Mar-21, attached herewith, being submitted by the Holding Disclosure pursuantto the requirementof Regulation 33 of the SEBI (Listing Obligations and Requirements) Regulations, 2015, as amended ("Listing Regulations").

us In our and opinion based andto the bestof our information and according to the explanations given to statements on the consideration of reports of other auditors on separate auditedfinancial of the associate company, the aforesaid consolidatedfinancial results: i, includethefinancial results of the followingentities;

a,	IndoThaiRealtiesLimited	Subsidiary
b.	IndoThaiGlobeFin(IFSC)Limited	Subsidiary
¢.	IndoThaiCommoditiesPvtLtd	Associate

• ii, Regulations are presented in accordance with the requirements of Regulation 33 of the Listing in this regard; and
• iii, gives a true andfair view in conformity with Indian Accounting Standard prescribed underSection 133ofthe Companies Act 2013 (the "Act")read with relevantrules issued and thereunderand other accounting principles generally acceptedin India ofthe net profit the total comprehensive incomeandotherfinancial information of the Company for three months and year ended March31, 2021.

Basis for Opinion

section We conducted our audit in accordance with the Standards on Auditing (SAs) specified under Standards 143(10) of the Companies Act, 2013 (the Act). Our responsibilities under those consolidated are further described in the Auditor's Responsibilities for the Audit of the accordance Financial Results section of our report. We are independentof the Company in with the Codeof Ethics issued bytheInstitute of Chartered Accountantsof India together with the ethical requirements that are relevantto our audit of the financial results fulfilled underthe provisions of the Companies Act, 2013 and the Rules thereunder, and we have of Ethics. our otherethical responsibilities in accordance with these requirements and the Code We believethatthe audit evidence we haveobtained is sufficient and appropriate to providea basis for our opinion on the Consolidated financialresults,

® Ahmedabad Branches at » Jamshedpur :» Bhopal » Kota » Sangrur ®» Mumbai ® Noida» » New Pune Delhi» ® Raipur » Surat

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

Thefinancial results for the year ended 31 March 2021 have been preparedonthebasis of the consolidated annual financial statements. The Holding Company's Board of Directors are responsible for the preparationof these consolidatedfinancial results that give a true andfair view of the net profit/loss and other comprehensive income andotherfinancial information in accordance with the recognition and measurement principles laid down in Indian Accounting prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Companyandfor preventing anddetecting frauds and other irregularities; selection and application of appropriate accountingpolicies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevantto the preparation and presentation of the consolidated financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the consolidated financial results by the Managementandthe Directorsof the Holding Company,asaforesaid.

In preparing the consolidated financial results, the Board of Directors are responsible for assessing the Company'sability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intendsto liquidate the Companyor to cease operations, or has no realistic alternative butto do so,

Therespective Board of Directors of the companiesincluded in the Groupis responsible for overseeingthefinancial reporting process of each company.

Auditor's Responsibilities for the Audit of the Consolidated Financial Results Ourobjectives are to obtain reasonable assurance about whether the consolidated financial results as a wholeare free from material misstatement, whether dueto fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, butis not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement whenitexists. Misstatements can arise from fraud orerror and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken onthebasis of these consolidated financial results,

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughoutthe audit. Wealso:

« Identify and assess the risks of material misstatementof the consolidated financial results, whether due to fraud or error, design and perform audit procedures responsiveto those risks, and obtain audit evidencethatis sufficient and appropriate to provide a basis for our opinion. Therisk of not detecting a material misstatement resulting from fraud is higher than for oneresulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

• * Obtain an understandingof internal control relevant to the audit in order to design audit proceduresthat are appropriatein the circumstances, butnotfor the Purpose of expressing an opinion ontheeffectiveness of such control.
• * Evaluate the appropriateness of accountingpolicies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors. * Concludeon the appropriateness of the Board ofDirectors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that maycastsignificant doubton the Company'sability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained upto the date of our auditor's report. However, future events or conditions may cause the Companyto cease to continue as a going concern.
• * Evaluate the overall presentation, structure and contentof the consolidated financial results, including the disclosures, and whether the consolidated financial results represent the underlying transactions and events in a manner that achieves fair presentation,
• * Obtain sufficient appropriate audit evidence regardingthefinancial results/financial informationofthe entities within the Groupto express an opinion on the consolidated financial results. Weare responsible forthe direction, supervision and performance of the audit of financial informationofsuch entities included in the consolidated financial results of which weare the independent auditors. For the other entities included in the consolidated financial results, which have been audited byother auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion. Our responsibilities in this regard are further described in para(a) of the section titled "Other Matters"in this audit report.

Wecommunicate with those charged with governanceof the Holding Company among other matters, the planned scope andtimingof the audit and significant auditfindings, including anysignificant deficienciesin internal control that we identify during our audit.

Wealso provide those charged with governancewith a statementthat we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that mayreasonably be thoughtto bear on our independence, and whereapplicable,related safeguards.

Wealso performed proceduresin accordance with the circular No CIR/CFD/CMD1/44/2019 issued by the SEBI under Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable.

Other Matters

a. The consolidated financial results include the audited financial results of Indo Thai Realties Limited and Indo Thai Globe Fin (IFSC) Limited whose financial statements reflect Group's share of consolidatedtotal assets of Rs. 1110.73 Lakh as at 31 March 2021, Group's share of consolidated total revenueof Rs. 41.98 Lakh and Group's share of consolidated total net loss after tax of Rs. 12.70 Lakh and Group's share of

consolidated consideredin net cash outflows of Rs. 88.07 Lakh for the year ended on that date, as the consolidated financial results, which have been audited by us.

b. Commodities The consolidatedfinancial results includesthe share of associate company Indo Thai Private Limited whose financial Statements reflect total assets of Rs. 270.24 total Lakh as at 31 March 2021, Group'sshareoftotal asset is Rs. 108.23 Lakh and loss is Rs, 1.46 Lakh, whichis considered in the consolidated financial results, which have been audited by other independentauditor, The independentauditors' reports onfinancial statements have been furnished to us by the management and our opinion onthe consolidated financial results, in sofar asit relates to the amounts and disclosures included in respect of these entities, is based solely on the report of such auditor.

matters Ouropinion on the consolidated financial results is not modified in respect of the above with respect to ourreliance on the work done and the reports of the other auditors andthefinancial results/financial information certified by the Board of Directors

21436593AAAAAQ3561 Unique Document Identification Number (UDIN) for this document is

For SPARK & Associates Chartered Accountants LLP Chartered Accountants Firm Reg No. 005313C / €400311

CA Chandresh Singhvi Partner Membership No. 436593

Indore, dated 30' Jun, 2021

Bp		IndoThaiSecurities	Limited
aIndoThai		CIN:Member;MCX NCDEXNSE BSECorporate	L67120MP1995PLC008959 MSEI DP-CDSL
trade with confidence		30%2021Date:June,
To,BSE	TheListingDepartmentLimitedDepartmentofCorporateAffairsTowersPhirozeJeejeebhoyDalal Street	To,TheListingDepartmentNationalStockExchangeofIndiaLtd.GExchangePlaza,PlotBlockNo.C/1,Complex,Bandra-KurlaBandra(E)
	Mumbai- 400001	Mumbai-400051
DearSub:Ref:	Sir/Madam,DeclarationpursuanttoRegulationofIndia(ListingObligationsandISIN-INE337M01013;ScripId-533676;	33(3)(d)oftheSecuritiesandExchangeBoardDisclosureRequirements)Regulations,2015.ScripCode-INDOTHAI
In	compliancewiththeprovisionsofRegulationofIndia(ListingObligationsandDisclosure	33(3)(d)oftheSecuritiesandExchangeBoardRequirements)Regulations,2015,
that	M/sSPARK&AssociatesChartered	weherebydeclareAccountantsLLP,StatutoryAuditorsoftheCompany
haveThisis	issuedanAuditReportwithunmodifiedCompany(StandaloneandConsolidated)forthefor yourandinformationrecords.	opinionontheAuditedFinancialResultsofthe4quarterandyearendedon31%March,2021.
	Thankingyou,
Yours	truly,CNGForIndoPimitedCriesTh:
DIN:	lona28>"~Dosh}oy,DhanpalCEO(ManagingDirectorcitm00700492

Sub: Declaration pursuantto Regulation 33(3)(d) ofthe Securities and Exchange Board ofIndia (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ref: ISIN - INE337M01013; Scrip Id-533676; Scrip Code-INDOTHAI

Yours truly, ForIndo Th: Cries Pimited CNG 28>" lona~ Dhanpal Dosh} oy,