Ion Exchange (India) Ltd — Interim / Quarterly Report 2022

Aug 10, 2021

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August 10, 2021

To, BSE Limited The Corporate Relationship Dept. P.J. Towers, Dalal Street, Mumbai – 400 001

BSE Company Code: 500214

Dear Sir,

Sub: Unaudited Financial Results and Limited Review Report for the First Quarter Ended 30[th] June, 2021

Pursuant to Regulation 33 and Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we submit herewith the Unaudited Financial Results on Standalone and Consolidated basis, Segment wise Revenue, Results and Capital Employed and Limited Review Report for the first quarter ended 30[th] June, 2021 which have been approved by the Board of Directors at its meeting held today i.e. 10[th ] August, 2021.

The meeting of the Board of Directors of the Company commenced at 11:00 a.m. and concluded at 4:00 p.m.

The above information is available on the website of the Company: www.ionindia.com

Kindly take the information on record.

Thanking You,

Yours faithfully, For Ion Exchange (India) Limited

MILIND Digitally signed by MILIND DATTATRAYA DATTATRAY PURANIK Date: 2021.08.10 A PURANIK 16:07:03 +05'30'

Milind Puranik Company Secretary

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Chartered Accountants

B S R & Co. LLP

14th Floor, Central B Wing and North C Wing, Telephone: +91 22 6257 1000 Nesco IT Park 4, Nesco Center, Fax: +91 22 6257 1010 Western Express Highway, Goregaon (East), Mumbai - 400 063

Limited review report on unaudited quarterly standalone financial results of Ion Exchange (India) Limited under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

To The Board of Directors of Ion Exchange (India) Limited

1. We have reviewed the accompanying Statement of unaudited standalone financial results of Ion Exchange (India) Limited which includes the financial information of branch at Bengaluru, IEI Shareholding (Staff Welfare) Trusts (Sixty Trusts) and HMIL Shareholding (Staff Welfare) Trusts – (Seventeen trusts) (“trusts”), (‘the Company’) for the quarter ended 30 June 2021 (“the Statement”).

2. This Statement, which is the responsibility of the Company’s management and approved by the 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, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to issue a report on the Statement based on our review.

3. 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 Statement is free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

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

1. Attention is drawn to the fact that the figures for the 3 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.

2. Based on our review conducted as above and based on the considerations of the review reports of the branch auditor referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with 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.

Registered Office:

B S R & Co. (a partnership firm with Registration No. BA61223) converted into B S R & Co. LLP (a Limited Liability Partnership with LLP Registration No. AAB-8181) with effect from October 14, 2013

14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center Western Express Highway Goregaon (East) Mumbai - 400063

B S R & Co. LLP

Ion Exchange (India) Limited

Limited review report on unaudited quarterly standalone financial results of Ion Exchange (India) Limited under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( Continued )

1. We did not review the interim financial information of a branch included in standalone unaudited financial results of the Company; whose results reflect total revenue (before consolidation adjustments) of Rs. 2,112 lacs, total net profit after tax (before consolidation adjustments) of Rs. 67 lacs and total comprehensive income (before consolidation adjustments) of Rs. 67 lacs for the quarter ended 30 June 2021 as considered in the interim financial information of the branch included in the Statement. The interim financial information of this branch has been reviewed by the branch auditor and whose report has been furnished to us, and our conclusion in so far as it relates to the amounts and disclosures included in respect of this branch, is based solely on the report of such branch auditor and the procedures performed by us as stated in paragraph 3 above.

Our conclusion on the Statement is not modified in respect of the above matter.

1. The Statement includes interim financial information of IEI shareholding (Staff welfare) Trusts (Sixty Trusts) and HMIL Shareholding (Staff Welfare) Trusts – (Seventeen trusts) which have not been reviewed, whose interim financial information reflects total revenue (before consolidation adjustments) of Rs. 7 lacs, total net profit after tax (before consolidation adjustments) of Rs. 7 lacs and total comprehensive income (before consolidation adjustments) of Rs. 7 lacs for the quarter ended 30 June 2021 as considered in the Statement. According to the information and explanations given to us by the management, this interim financial information is not material to the Company.

Our conclusion on the Statement is not modified in respect of the above matter.

For B S R & Co. LLP Chartered Accountants Firm's Registration No: 101248W/W-100022 RAJIV Digitally signed by RAJIV SURAJ SURAJ SHAH Date: 2021.08.10 SHAH 15:12:47 +05'30' Rajiv Shah Partner Mumbai Membership No: 112878 10 August 2021 UDIN: 21112878AAAABU9017

ION EXCHANGE (INDIA) LIMITED

Regd. Office : Ion House, Dr. E. Moses Road, Mahalaxmi, Mumbai - 400 011

				Statement of Standalone Financial Results for the quarter ended 30th June 2021	Statement of Standalone Financial Results for the quarter ended 30th June 2021	Statement of Standalone Financial Results for the quarter ended 30th June 2021	Statement of Standalone Financial Results for the quarter ended 30th June 2021	Statement of Standalone Financial Results for the quarter ended 30th June 2021
									INR in Lacs
				Particulars			Quarter ended		Year ended
					30.06.2021		31.03.2021	30.06.2020	31.03.2021
					Unaudited		Audited	Unaudited	Audited
							(refer note 2)
I				Income
				a) Revenue from operations	30,057		43,292	25,972	140,176
				b) Other income	977		996	800	3,678
				Total income (I)	31,034		44,288	26,772	143,854
II				Expenses
				a) Cost of materials consumed	19,175		25,133	16,039	86,168
				b) Purchase of stock-in-trade	779		1,161	353	3,277
				c) Changes in inventories of finished goods,	(1,255)		(296)	307	301
				stock-in-trade and work-in-progress
				d) Employee benefits expense	3,910		3,635	3,497	14,104
				e) Finance costs	213		201	316	990
				f) Depreciation and amortisation expense	666		632	643	2,614
				g) Other expenses	3,799		5,640	2,713	16,813
				Total expenses (II)	27,287		36,106	23,868	124,267
	III			Profit before tax (I - II)	3,747		8,182	2,904	19,587
	IV			Tax expense
				Current tax	1,015		2,235	745	5,385
				Deferred tax (credit) / charged	(13)		(336)	32	(395)
					1,002		1,899	777	4,990
		V		Net profit after tax (III - IV)	2,745		6,283	2,127	14,597
	VI			Other comprehensive income
				(i) Items that will not be reclassified to profit or loss	32		219	(31)	127
				(ii) Income tax relating to items that will not be reclassified	(8)		(55)	8	(32)
			to profit or loss
				Other comprehensive income (Net of tax) (VI)	24		164	**(23) **	95
	VII			Total comprehensive income for the period (V+VI)	2,769		6,447	2,104	14,692
VIII			Paid-up equity share capital (Face value Rs. 10 per share)		1,467		1,467	1,467	1,467
	IX			Other equity (excluding revaluation reserves)					61,231
		X		Earnings per equity share (EPS) [Refer note 3]
				a) Basic EPS (Rs.) [Not annualised]	22.33		51.11	17.30	118.75
				b) Diluted EPS (Rs.) [Not annualised]	22.33		51.11	17.30	118.75
Notes
	1)		The above financial results which are published in accordance with Regulation 33 of the SEBI (Listing Obligations & Disclosure
			Requirements) Regulations, 2015 ('Listing Regulations') have been reviewed			by the Audit Committee at a meeting held on 10th
			August 2021 and approved by the Board of Directors at their meeting held on 10th August 2021. The above results have been
			subjected to 'limited review' by the statutory auditors of the Company. The financial results are prepared in accordance with the
			Ind AS prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies

• 2) The figures of the quarter ended 31st March 2021 are the balancing figures between audited figures in respect of the full financial year and the unaudited year to date figures upto the third quarter ended 31st December 2020, which were subjected to limited review.

• 3) Earnings per equity share includes Ind AS impact of consolidation of equity shares held by IEI Shareholding (Staff Welfare) Trusts and HMIL Shareholding (Staff Welfare) Trusts. - for the quarter ended 30th June 2021: 2,373,614 shares

• for the quarter and year ended 31st March 2021: 2,373,614 shares

• for the quarter ended 30th June 2020: 2,368,939 shares

• 4) The company has assessed the potential impact of Covid-19 on its capital and financial resources, profitability, liquidity position, ability to service debt and other financing arrangements. The Company's liquidity position is adequate to meet its commitments and it expects to recover the carrying value of its assets.

• The company will continue to closely monitor any material changes to future economic conditions arising from ongoing second wave and update its assessment as necessary.

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For Ion Exchange (India) Limited
RAJIV Digitally signed RAJESH Digitally signed by RAJESH
SURAJ by RAJIV SURAJ SHAH CHANDRABHAN SHARMA CHANDRABHAN SHARMA Date: 2021.08.10 14:43:44 +05'30'
Date: 2021.08.10
SHAH 15:13:14 +05'30' Rajesh Sharma
Place : Mumbai Chairman and Managing Director
Date : 10th August, 2021
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Chartered Accountants

B S R & Co. LLP

14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400 063

Telephone: +91 22 6257 1000 Fax: +91 22 6257 1010

Limited review report on unaudited quarterly consolidated financial results of Ion Exchange (India) Limited under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

To The Board of Directors of Ion Exchange (India) Limited

1. We have reviewed the accompanying Statement of unaudited consolidated financial results of Ion Exchange (India) Limited which includes financial information of a branch at Bengaluru, IEI Shareholding (Staff Welfare) Trusts (Sixty Trusts) and HMIL Shareholding (Staff Welfare) Trusts – (Seventeen trusts) (“trusts”) (“the Parent”) and its subsidiaries (the Parent and its subsidiaries together referred to as “the Group”), and its share of the net profit after tax and total comprehensive income of its associates for the quarter ended 30 June 2021 (“the Statement”), being submitted by the Parent pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (‘Listing Regulations’).

2. This Statement, which is the responsibility of the Parent’s management and approved by the Parent’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, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review.

3. 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 SEBI under Regulation 33 (8) of the Listing Regulations, to the extent applicable.

1. The Statement includes the result of the entities mentioned in Annexure I

2. Attention is drawn to the fact that the figures for the 3 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.

Registered Office:

B S R & Co. (a partnership firm with Registration No. BA61223) converted into B S R & Co. LLP (a Limited Liability Partnership with LLP Registration No. AAB-8181) with effect from October 14, 2013

14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center Western Express Highway Goregaon (East) Mumbai - 400063

B S R & Co. LLP

Ion Exchange (India) Limited

Limited review report on unaudited quarterly standalone financial results of Ion Exchange (India) Limited under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( Continued )

1. Based on our review conducted and procedures performed as stated in paragraph 3 above, and based on the consideration of the review reports of the branch auditor and other auditor referred to in paragraph 7 (i) and (ii) below, 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.

2. Emphasis of matter

The Auditors of Ion Exchange Enviro Farms Limited (IEEFL), a subsidiary company, has mentioned emphasis of matter in review report in respect the matters stated below:

• The Hon’ble Supreme Court of India has dismissed IEEFL's appeal against the order of Securities appellate tribunal for refunding monies to investors with return and for winding up of scheme. Further, IEEFL had submitted relevant details to SEBI and have initiated actions in line with the details submitted to SEBI which in December 2015 had asked IEEFL to pre deposit amount due to farm owners and close the scheme. IEEFL has submitted that it shall get discharge certificates from balance farm owners within a period of two years from March 2016. As SEBI refused to accede to IEEFL 's request, IEEFL has preferred a fresh appeal at Securities Appellate Tribunal (SAT) on 9 February 2017- Appeal No. (I) 40 of 2017 - citing practical difficulties in execution of the SEBI order for refund to all investors as investors have already received their lands/refunds as per the agreement. Appeal has been already admitted by SAT and certain hearings had taken place from time to time. The appeal was heard and vide order dated 18 October 2019; SAT has dismissed the appeal. IEEFL has filed a Review Petition before the SAT, Mumbai on 3 December 2019 for correction of factual errors in the said order. Further, based on the Legal Advice, pending final order from SAT on the Review Petition, an Appeal is filed in the Supreme Court Against order of SAT on 18 February 2020. As per the SAT hearing dated 19 March 2021, it was held that, there is not an error apparent on the face of the record and thus review application filed was dismissed by SAT. Hence the appeal was set aside against IEEFL. Further the case is now pending with the Supreme Court and the next date of hearing is on 13 August 2021.

• Administrator's Appointment : SEBI had on 25th April 2019 under SEBI (Appointment of Administrator and Procedure for Refunding of Investors) Regulations 2018 had appointed an Administrator for selling the Land at Goa (Quepem) of IEEFL and recovering the dues. However, vide letter dated 30th April 2019 IEEFL has requested the Recovery Office of SEBI to keep the proceedings in abeyance. Further, in view of the above developments the proceedings are in Abeyance or on hold as on date.

• Maintenance expenses recoverable aggregating Rs. 197 lacs (net of provision) considered as fully recoverable by the management from future crop sales/ land sales. ln view of this no provision is considered necessary by the management

Our conclusion is not modified in respect of these matters.

B S R & Co. LLP

Ion Exchange (India) Limited

Limited review report on unaudited quarterly standalone financial results of Ion Exchange (India) Limited under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( Continued )

1. (i) We did not review the interim financial information of a branch included in the Standalone unaudited interim financial results of the Parent included in the Group, whose results reflect total revenues (before consolidation adjustments) of Rs 2,112 lacs, total net profit after tax (before consolidation adjustment) of Rs 67 lacs and total comprehensive income (before consolidation adjustment) of Rs 67 lacs for the quarter ended 30 June 2021, as considered in the Standalone unaudited interim financial results of the Parent included in the Group. The interim financial information of this branch has been reviewed by the branch auditor and whose report has been furnished to us, and our conclusion in so far as it relates to the amounts and disclosures included in respect of this branch, is based solely on the report of such branch auditor and the procedures performed by us as stated in paragraph 3 above.

2. (ii) We did not review the interim financial information of one subsidiary included in the Statement, whose interim financial information reflects total revenue (before consolidation adjustments) of Rs 15 lacs, total net loss after tax (before consolidation adjustments) of Rs 104 lacs and total comprehensive loss (before consolidation adjustments) of Rs. 104 lacs for the quarter ended 30 June 2021, as considered in the consolidated unaudited financial results. These interim financial information have been reviewed by the other auditor and whose report has been furnished to us by the management, and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of this subsidiary, is based solely on the report of the other auditor and the procedures performed by us as stated in paragraph 3 above.

3. (iii) The Statement includes standalone unaudited financial information of the Parent which includes the interim financial information of IEI Shareholding (Staff Welfare) Trusts (Sixty Trusts) and HMIL Shareholding (Staff Welfare) Trusts – (Seventeen trusts) which have not been reviewed, whose interim financial information reflects total revenue (before consolidation adjustments) of Rs 7 lacs, total net profit after tax (before consolidation adjustments) of Rs 7 lacs and total comprehensive income (before consolidation adjustments) of Rs 7 for the quarter ended 30 June 2021, as considered in the respective standalone unaudited interim financial information of the Parent included in the Group. According to the information and explanations given to us by the management, this interim financial information is not material to the Group.

4. (iv) The Statement includes sixteen subsidiaries which have not been reviewed, whose interim financial information reflect total revenue (before consolidation adjustments) of Rs 3,446 lacs, total net loss after tax (before consolidation adjustments) of Rs 53 lacs and total comprehensive income (before consolidation adjustments) of Rs 3,571 lacs for the quarter ended 30 June 2021 as considered in the Statement.

B S R & Co. LLP

Ion Exchange (India) Limited

Limited review report on unaudited quarterly standalone financial results of Ion Exchange (India) Limited under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( Continued )

The Statement also includes the Group’s share of net profit after tax (before consolidation adjustments) of Rs 17 lacs and total comprehensive income (before consolidation adjustments) of Rs 17 lacs for the quarter ended 30 June 2021, as considered in the consolidated unaudited financial results, in respect of four associates based on their interim financial information which have not been reviewed. According to the information and explanations given to us by the management, this interim financial information is not material to the Group.

Our conclusion on the Statement is not modified in respect of the above matters.

For B S R & Co. LLP Chartered Accountants Firm's Registration No: 101248W/W-100022 RAJIV Digitally signed by SURAJ RAJIV SURAJ SHAH Date: 2021.08.10 SHAH 15:13:35 +05'30'

Mumbai 10 August 2021

Rajiv Shah Partner Membership No: 112878 UDIN: 21112878AAAABV5371

B S R & Co. LLP

Annexure I

Name of the Company	Relationship
Aqua Investments (India) Limited	Subsidiary
Watercare Investments (India) Limited	Subsidiary
Ion Exchange Enviro Farms Limited	Subsidiary
Ion Exchange Asia Pacific Pte Limited#	Subsidiary
IEI Environmental Management (M) Sdn. Bhd	Subsidiary
Ion Exchange LLC, USA	Subsidiary
Ion Exchange Projects and Engineering Limited	Subsidiary
Ion Exchange and Company LLC	Subsidiary
Ion Exchange Environment Management (BD) Limited	Subsidiary
Ion Exchange WTS (Bangladesh) Limited	Subsidiary
Global Composite & Structurals Limited	Subsidiary
Ion Exchange Safic Pty Ltd.	Subsidiary
Total Water Management Services (India) Limited	Subsidiary
Ion Exchange Purified Drinking Water Private Limited	Subsidiary
Ion Exchange Environment Management Limited	Subsidiary
Ion Exchange Arabia for Water	Subsidiary
Aquanomics Systems Limited	Associate
IEI Water-Tech (M) Sdn. Bhd ##	Associate
Ion Exchange Financials Products Private Limited	Associate
Ion Exchange PSS Ltd ##	Associate

Includes financial information of Ion Exchange Asia Pacific (Thailand) Limited and PT Ion Exchange Asia Pacific – step down subsidiary of Ion Exchange Asia Pacific Pte Limited

Holding through subsidiary company Ion Exchange Asia Pacific Pte Limited.

For B S R & Co. LLP Chartered Accountants Firm's Registration No: 101248W/W-100022

RAJIV Digitally signed by SURAJ RAJIV SURAJ SHAH Date: 2021.08.10 SHAH 15:13:51 +05'30'

Mumbai 10 August 2021

Rajiv Shah Partner Membership No: 112878 UDIN: 21112878AAAABV5371

ION EXCHANGE (INDIA) LIMITED

Regd. Office : Ion House, Dr. E. Moses Road, Mahalaxmi, Mumbai - 400 011

Statement of Consolidated Financial Results for the quarter ended 30th June 2021

	I II III IV V VI VII VIII IX X XI XII XIII XIV	Revenue from operations Other income Total Income (I+II) Expenses a) Cost of materials consumed b) Purchase of stock-in-trade c) Changes in inventories of finished goods, work-in-progress and stock-in-trade d) Employee benefits expense e) Finance Costs f) Depreciation and amortisation expense g) Other expenses Total expenses (IV) Profit before tax, before share of profit / (loss) of equity accounted investee (III-IV) Share of profit of equity accounted investee (net of income tax) Profit before tax (V+VI) Tax expense Current tax Deferred tax Net profit after tax (VII-VIII) Other Comprehensive Income Items that will not be reclassified to profit or loss (a) Remeasurement benefit of defined benefit plans (b) Income tax expense on remeasurement benefit of defined benefit plans Items that will be reclassified to profit or loss Movement in foreign currency translation reserve Total Other Comprehensive Income Total Comprehensive Income (IX+X) Profit attributable to: Owners of the company Non-Controlling Interests Profit for the year Other Comprehensive Income attributable to : Owners of the company Non-Controlling Interests Other Comprehensive Income for the year Total Comprehensive Income attributable to : Owners of the company Non-Controlling Interests Total Comprehensive Income for the year Paid-up equity share capital (Face value Rs. 10 per share) Other equity (excluding revaluation reserves) Earnings per equity share (EPS) (not annualised) [Refer note 4] a) Basic EPS (INR) b) Diluted EPS (INR) Particulars	Year ended 30.06.2021 31.03.2021 30.06.2020 31.03.2021 Unaudited Audited (refer note 3) Unaudited Audited 31,412 44,515 26,525 144,952 724 1,379 551 3,309 32,136 45,894 27,076 148,261 19,601 24,783 16,199 86,531 779 1,161 353 3,277 (1,526) (486) (345) (618) 4,817 4,340 4,312 17,363 277 280 417 1,261 698 658 685 2,767 4,164 6,153 2,888 18,169 28,810 36,889 24,509 128,750 3,326 9,005 2,567 19,511 17 (25) (14) (7) 3,343 8,980 2,553 19,504 1,031 2,334 779 5,631 (11) (402) 26 (460) 1,020 1,932 805 5,171 2,323 7,048 1,748 14,333 32 228 (31) 135 (8) (55) 8 (32) 1 52 (54) (130) 25 225 (77) (27) 2,348 7,273 1,671 14,306 2,388 7,015 1,770 14,394 (65) 33 (22) (61) 2,323 7,048 1,748 14,333 28 217 (77) 14 (3) 8 - (41) 25 225 (77) (27) 2,416 7,232 1,693 14,408 (68) 41 (22) (102) 2,348 7,273 1,671 14,306 1,423 1,423 1,423 1,423 49,160 20.14 59.17 14.92 121.41 20.14 59.17 14.92 121.41 INR in Lacs Quarter ended

Notes:

• 1) The consolidated financial results include the results of its subsidiaries - Aqua Investments (India) Limited, Global Composites and Structurals Limited, IEI Environmental Management (M) Sdn. Bhd., Ion Exchange And Company LLC, Ion Exchange Arabia for Water, Ion Exchange Asia Pacific Pte. Ltd. (Consolidated), Ion Exchange Enviro Farms Limited (IEEFL), Ion Exchange Environment Management (BD) Limited, Ion Exchange Environment Management Limited, Ion Exchange LLC, Ion Exchange Projects And Engineering Limited, Ion Exchange Purified Drinking Water Private Limited, Ion Exchange Safic Pty. Limited, Ion Exchange WTS (Bangladesh) Limited, Total Water Management Services (India) Limited and Watercare Investments (India) Limited.

• 2) The above financial results which are published in accordance with Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 ('Listing Regulations') have been reviewed by the Audit Committee at a meeting held on 10th August 2021 and approved by the Board of Directors at their meeting held on 10th August 2021. The above results have been subjected to 'limited review' by the statutory auditors of the Company. The financial results are prepared in accordance with the Ind AS prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies.

• 3) The figures for the quarter ended 31st March 2021 are the balancing figures between audited figures in respect of the full financial year ended 31st March 2021 and the unaudited year to date figures upto 31st December 2020, which were subjected to limited review.

• 4) Earnings per equity share includes Ind AS impact of consolidation of equity shares held by IEI Shareholding (Staff Welfare) Trusts and HMIL Shareholding Trusts.

• for the quarter ended 30th June 2021: 2,373,614 shares.

• for the quarter and year ended 31st March 2021: 2,373,614 shares.

• for the quarter ended 30th June 2020: 2,368,939 shares.

• 5) With respect to the matter with SEBI of IEEFL (a subsidiary of the Company), in accordance with the directions of the Supreme Court, IEEFL approached SEBI and explained its position vide letter dated 17th May 2013. Accordingly, IEEFL has initiated actions in line with the details submitted to SEBI. In December 2015, SEBI had asked the company to pre deposit amount due to farm owners and close the scheme. The company has submitted that it shall get discharge certificates from balance farm owners within a period of two years from March, 2016. As SEBI refused to accede to Company's request, IEEFL had preferred a fresh appeal at Securities Appellate Tribunal (SAT) on 9th February 2017 citing practical difficulties in execution of the SEBI order. The appeal was heard and vide order dated 18th October 2019, SAT has dismissed the appeal. Based on the legal advice received, IEEFL has filed review petition in the matter at SAT. Further, based on the legal advice, pending final order from SAT on the review petition, an appeal is filed in the Supreme Court against order of SAT on 18th February 2020. SAT vide order dated 19th March 2021, rejected the review petition and held that, there is no error apparent on the face of the earlier order. The appeal filed by IEEFL in Supreme Court is pending. IEEFL does not envisage any liability on this account and including the recovery of INR 197 Lacs towards maintenance expenses. The auditors of the IEEFL has expressed emphasis of matter.

• 6) The group has assessed the potential impact of Covid-19 on its capital and financial resources, profitability, liquidity position, ability to service debt and other financing arrangements. The Group's liquidity position is adequate to meet its commitments and it expects to recover the carrying value of its assets. The group will continue to closely monitor any material changes to future economic conditions and update its assessment as necessary.

	The group will continue to closely monitor any material changes to future economic conditions and update its assessment as necessary.	The group will continue to closely monitor any material changes to future economic conditions and update its assessment as necessary.	The group will continue to closely monitor any material changes to future economic conditions and update its assessment as necessary.
7)	The figures for the corresponding previous periods have been regrouped/ reclassified, wherever necessary, to make them
	comparable.
		For Ion Exchange (India) Limited
		RAJESH	Digitally signed by RAJESH
		CHANDRABHAN	CHANDRABHAN SHARMA Date: 2021.08.10 14:44:29
		SHARMA	+05'30'
Place	: Mumbai		Rajesh Sharma
Date	: 10th August 2021	Chairman and	Managing Director

ION EXCHANGE (INDIA) LIMITED

Regd. Office : Ion House, Dr. E.Moses Road, Mahalaxmi, Mumbai - 400 011.

Segment wise Revenue, Results and Capital employed

1. Segment Revenue a) Engineering b) Chemicals c) Consumer Products d) Unallocated Total Less : Inter segment revenue Net Sales / Income from Operations 2. Segment Results [Profit(+)/Loss(-) before tax and interest from segment] a) Engineering b) Chemicals c) Consumer Products d) Others Total Less: i) Finance Cost ii) Other unallocable expenditure net off unallocable income Add: Interest Income Total Profit (+) / Loss (-) Before Taxation 3. Capital Employed (Segment Assets - Segment Liabilities) a) Engineering b) Chemicals c) Consumer Products d) Others Total Capital Employed in Segments Add : Unallocable corporate assets less corporate liabilities Total Capital Employed in Company PARTICULARS	30.06.2021 31.03.2021 30.06.2020 31.03.2021 Unaudited Audited Unaudited Audited 17,224 28,439 16,195 90,274 11,602 12,411 8,543 42,976 2,355 3,769 2,004 10,843 - 87 - 87 31,181 44,706 26,742 144,180 1,124 1,414 770 4,004 30,057 43,292 25,972 140,176 1,209 4,557 1,028 8,639 2,519 3,644 1,849 10,592 (140) (142) (94) (408) - - - - 3,588 8,059 2,783 18,823 213 201 316 990 359 482 280 1,490 731 806 717 3,244 3,747 8,182 2,904 19,587 35,293 32,942 25,459 32,942 15,160 14,807 13,842 14,807 143 177 1,357 177 - - - - 50,596 47,926 40,658 47,926 14,870 14,772 9,596 14,772 65,466 62,698 50,254 62,698 Quarter ended Standalone Year Ended	INR in Lacs 30.06.2021 31.03.2021 30.06.2020 31.03.2021 Unaudited Audited Unaudited Audited 17,668 29,096 17,017 94,070 12,513 12,977 8,274 43,956 2,355 3,769 2,004 10,843 - 87 - 87 32,536 45,929 27,295 148,956 1,124 1,414 770 4,004 31,412 44,515 26,525 144,952 917 5,567 1,114 9,951 2,727 3,894 1,782 10,618 (130) (136) (84) (369) (3) (74) (7) (98) 3,511 9,251 2,805 20,102 277 280 417 1,261 426 618 324 1,751 518 652 503 2,421 3,326 9,005 2,567 19,511 33,641 31,564 23,430 31,564 15,050 14,619 13,677 14,619 143 177 1,357 177 1,028 1,002 956 1,002 49,862 47,362 39,420 47,362 3,056 3,209 (1,240) 3,209 52,918 50,571 38,180 50,571 Consolidated Quarter ended Year Ended

Notes:

1) Segments have been identified in line with the Ind AS 108 on Segment Reporting. Place : Mumbai Date : 10th August 2021

	For Ion Exchange (India) Limited	For Ion Exchange (India) Limited
	RAJESH	Digitally signed by RAJESH
	CHANDRABHAN	CHANDRABHAN SHARMA Date: 2021.08.10 14:44:56
	SHARMA	+05'30'
		Rajesh Sharma
	Chairman and	Managing Director