Indokem Ltd — Interim / Quarterly Report 2021

Feb 12, 2021

Jndokem fimitta

(CIN NO.: L31300MH1964PLC013088)

Registered Office :

"KHATAU HOUSE", Ground Floor, Mogul Lane, Mahim (West), Mumbai - 400 016.

Phone :61236767 Fax :61236718 Website: www.indokem.co.in

12th February, 2021

To,

The Bombay Stock Exchange Limited, Corporate Relations Department 1st Floor, New Trading Ring, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001

Scrip Code: 504092

Subject: Outcome of Board Meeting under Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Respected Sir/ Madam,

We wish to inform you that pursuant to the applicable provisions of SEBI Listing Regulations the Board of Directors of the Company at its meeting held today i.e. 12th February, 2021 inter alia, considered and approved the following:

1. Approval of the Standalone Unaudited Financial Results for the quarter ended 31st December, 2020:

The Board considered and approved the Standalone Unaudited Financial Results for the quarter ended 31st December, 2020. A copy of the same is enclosed.

2. Limited Review Report for the quarter ended 31st December, 2020:

The Board considered and approved the Limited Review Report prepared by CNK & Associates LLP, Statutory Auditors of the Company for the quarter ended 31st December, 2020. A copy of the same is enclosed.

Commencement of Board Meeting: 3:00 P.M. Conclusion of Board Meeting: 3:45 .P.M.

Thanking you,

Yours faithfully,

For Indokem Limited

Rajesh D. Pisal Company Secretary and Compliance Officer

INDOKEM LIMITED

CIN NO.: L31300MH1964PLC013088

Registered Office: Plot No. 410/411, Khatau House, Mogul Lane, Mahim, Mumbai 400 016.

Tel No.: +91-22-61236767/61236711 Email: iklsecretarial@gmail.com Website: www.indokem.co.in

STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND PERIOD ENDED DECEMBER 31, 2020

								Rs. In Lakhs
Sr. No.	Particulars		Quarter ended			Period ended		Year ended
				September				December 31, December 31, December 31, March 31, 2020
			December 31,	30,2020	2019	2020	2019	(Audited)
			2020	(Unaudited\	IUnauditedl	I Unaudited\	IUnauditedl
			IUnauditedl
1		INCOME		1,995	2,289	5,165	6,784	8,961
		a) Income from operations	2,223	-	10	4	38	94
		b) Other Income	3	1995	2,299	5169	6 822	9055
		Total income from operations	2 226
2		Expenses		1,495	1,631	3,636	4,926	6,506
		a) Cost of materials consumed	1,519	63	138	139	471	596
		b) Purchase of stock in trade	67	{93)	15	(12)	27	31
		c) Changes in inventories of finished goods, work-in	28
		process and stock in trade	191	189	201	475	624	815
		d) Employee benefits expense	28	35	34	93	95	131
		, e) Fina nee cost	29	29	29	87	84	112
		f) Depreciation and amortisation expense	228	211	194	543	629	813
		f) Other Expenditure	2 090	1929	2 242	4 961	6 856	9 004
		Total expenses Profit/ (Loss) before tax (1) - (2)	136	66	57	208	1341	51
3			-	-	-	-		-
4		Tax expenses Profit/ (Loss) for the year (3) - (4)	136	66	57	208	(34\	51
5		Other comprehensive income/ (loss) net of tax
6		Items that will not be reclassified subsequently to	-	-	-	-		15
		profit and loss account
		Total comprehensive income/ ( loss) net of tax (5) +	136	66	57	208	(34)	66
:7
		(6)
		Paid-up equity share capital (face value of Rs. 10/·	2,433	2,433	2,433	2,433	2,433	2,433
8
		each) Reserves						470
9		Earnings per share (EPS) (not annualised)
10		Total Earnings per share						0.21
		(a) Basic (in Rs.)	0.56	9.27	0.23	0.86	(0.14)	0.21
		(b) Diluted (in Rs.)	0.56	0.27	0.23	0.86	(0.14)

NOTES:

1 The above financial results were reviewed by the Audit Committee and approved by the Board of Directors at the meeting held on February 12, 2021.

2 The cornpanv operates in two segments, viz. textile dyes and chemicals and electrical capacitors. However the segment reporting for electrical capacitors is not disclosed separately, as the same does not qualify for separate disclosure as per Ind-AS 108 on operating segments. <)P..TEs Os I,~

³The figures of the previous period(s) / year have been regrouped/ reclassified wherever necessary.

. 0 ~s'° ~ &~~ - Place : Mumbai ~ fQ > ~ * Date: 12/02/2021 1--o ""-hl\'0~ - --

n - 'V For INDOKEM LIMITED

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I~ ~<,;~~ *)) Manendral. Klfatau Chairman & Managing Director DIN: 00062794

CNI< &Associates LLP

J\listry Bl,avan, 3rd Floor, Dinshaw Vachha Rod, Churchgate, Mumbai- 400 020. Tel.: + 91 22 66230600

Chartered Accountants

Narain Chambers, 5th Floor, M. G. Road, Vile Parle (E), Mumbai - 400 057. Tel.: + 91 -22-62507600

Limited Review Report on unaudited Quarterly and Year to Date financial results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

Review report to The Board of Directors, INDOKEM LIMITED

• 1. We have reviewed the accompanying statement of unaudited Ind-AS financial results of M/s. lndokem Limited ("the Company") for the quarter and period ended December 31, 2020 ("the Statement"), being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Obligations") which has been initialed by us for identification purposes.
• 1. This Statement which is the responsibility of the Company's Management and has been approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" (Ind AS 34) prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with the Listing Obligations. Our responsibility is to issue a report on these financial results based on our review.
• 1. We conducted our review 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.
• 1. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited Ind AS financial results prepared in accordance with applicable Indian Accounting Standards, prescribed under section 133 of the Companies Act, 2013 read with relevant rules issued there under or by the Institute of Chartered Accountants of India and other recognized accounting practices and policies, has not disclosed the information required to be disclosed in terms of the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended including the manner in which it is to be disclosed, or that it contains any material misstatement.

c;: LLP o: 101961 W/W-100036

Manish Sampat Partner Membership No.101684 UDIN: ~ I IOI 6,g4AflA

Place: Mumbai Date: February 12, 2021