J. Kumar Infraprojects Limited — Interim / Quarterly Report 2020

Aug 7, 2019

We dream ... So we achieve...

Regd. Off.: 16-A, Andheri Industrial Estate, Veera Desai Road, Andheri (W), Mumbai - 400053. INDIA Ph.: +91-22-6774 3555. Fax+91-22-2673 0814. E-mail-: info@jkumar.com Website : www.jkumar.com CIN No.: L74210MH1999PLC122886

J. Kumar Infraprojects

To.

7th August, 2019

The General Manager Department of Corporate Services, BSE Limited P J Towers Dalal Street Mumbai - 400 001

The Manager Listing Department The National Stock Exchange of India Limited Bandra Kurla Complex Mumbai - 400051

Scrip Code: JKIL/532940

Sub: Outcome of the Meeting of the Board of Directors of the Company held on Wednesday 7thAugust 2019 at the Registered Office situated at 16-A, Andheri Industrial Estate, Veeradesai Road, Andheri (w), Mumbai.

With reference to the above subject matter, we are pleased to inform and enclose herewith:

• a) Un-Audited Financial Results for the first Quarter (Q1) ended on 30th June 2019 approved by the Board of Directors at the Board Meeting held on Wednesday 7th August 2019 at the Registered Office of the Company along with the Limited Review Report of the Auditor.
• b) Mrs Kusum J Gupta, Non-Executive Women Director of the Company has resigned from the position w.e.f $7th$ August 2019 as she wished to reduce her commitments in view of her pre-occupation. The Board of Directors of the Company deeply appreciates her valuable contribution and support during her term as a Women Director of the Company. Further as per the requirement of Regulation 30 read with Schedule III. Para A, Clause (7B) of SEBI (LODR) regulations, 2015, enclosed are the detailed reasons for the resignation of Mrs Kusum J Gupta and a confirmation from her regarding there being no material reasons other than those mentioned by her for her resignation as the Women Director from the Board of Directors of the Company.
• c) Appointment of Dr.R.Srinivasan, Independent Director, Mr. P.P.Vora, Independent Director, Mr. Ajith Singh Chatha, Independent Director for

J. Kuman Infraprojects Ltd. We dream ... So we achieve... TM

ISO 9001:2015 ISO 14001:2015 OHSAS 10001:2007

Regd. Off.: 16-A, Andheri Industrial Estate, Veera Desai Road, Andheri (W), Mumbai - 400053. INDIA Ph.: +91-22-6774 3555. Fax+91-22-2673 0814. E-mail: info@jkumar.com Website: www.jkumar.com CIN No.: L74210MH1999PLC122886

further period of five years from the conclusion of the ensuing Annual General Meeting, which is subject to the approval of the shareholders.

d) Appointment of Mrs Archana Yadav, has been appointed as an Additional Director in the category of Independent Director of the Company for a term of 5 years w.e.f. 7th August, 2019, subject to the approval of the members at the forthcoming Annual General Meeting of the Company. The detailed information required under regulation 30 of SEBI (LODR) regulations. 2015 and as per circular CIR/CFD/CMD/4/2015, dated 9th September, 2015 is enclosed as Annexure.

The Board Meeting commenced at 12.30 p.m and concluded at $2.15$ p.m

You are requested to kindly take a note of the above.

Thanking you,

Yours faithfully For J. Kumar Infraprojects L

Jagdishkumar Gupta Executive Chairman

J. Kumar Infraprojects Ltd

CIN No. L74210MH1999PLC122886

Reg. office: 16-A, Andheri Industrial Estate, Veera Desai Road, Andheri(W), Mumbai - 400 053 Tel: 022-67743555, Fax 022-26730814, Email - info@jkumar.com, Website: jkumar.com Statement of standalone unaudited financial result for the quarter ended 30th June 2019

				Rs. In Lakh (excepl per share data)
	Sr.No. Particulars		Year Ended
		30/06/2019	31/03/2019	30/06/2018	31/03/2019
		Unaudited	Audited	Unaudited	Audited
	REVENUE
$\mathbf{1}$	Revenue from operations	66,774.14	96,799.04	61,841.74	278,709.09
2	Other income	559.40	962.27	633.56	2,811.91
3	Total Revenue (1+2)	67,333.54	97.761.32	62,475.30	281,521.01
4	EXPENSES
	a) Cost of material consumed	38,686.13	59,322.23	37,463.97	175, 127.56
	b) Changes in inventories of work-in-progress	1,784.86	3,854.84	1,530.58	(3,094.52)
	c) Employee benefits expense	6,335.61	6,345.45	5,048.31	24,720.55
	d) Finance costs	2,616.16	3,076.87	2,149.79	9,390.41
	e) Depreclation expense	2,890.62	2,540.68	2,497.54	10,221.92
	f) Other expenses	8,833.10	13,871.25	2.803.24	38,275.64
	Total Expenses	61,146.47	89,011.32	56,493.43	254,691.61
5	Profit before exceptional items and tax (3-4)	6,182.07	8,749.99	5.981.87	26,829.39
	Exceptional Items
6	Profit before tax	6,182.07	8,749.99	5,981.87	26,829.39
7	Tax expense:
	Current tax (including earlier year tax)	2,145.27	2,614.05	1.842.91	8.345.98
	Deferred Lax	(50.36)	404.32	120.26	776.71
	Total lax Expenses	2,094.91	3,018.37	1.963.12	9,122.69
8	Profit for the period (6 -7)	4,092.16	5,731.62	4 018.69	12,706.70
9	Other Comprehensive (Loss)/Income
	Other Comprehensive income not to be reclassified to profit
	and loss in subsequent periods:
	Remeasurement of gains (losses) on defined benefit plans	(3.60)	(158.43)	(12.35)	(14.39)
	Income tax effect	1.26	55.36	4.32	4.96
	Other Comprehensive income for the period, net of tax	(2.34)	(103.07)	(8.03)	(9.43)
10	TOTAL COMPREHENSIVE INCOME FOR THE PERIOD. NET DF
	TAX	4,089.82	5,628.55	4,010.67	17,692.26
11	Paid Up Share Capital	3,783.28	3,783.28	3.783.28	3,783.28
12	Earning per Share
	(a) Basic	5.41	7.57	5,31	23.40
	(a) Diluted	5.41	7.57	5.31	23.40

Notes:

1 The above results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on August 07, 2019 in terms of regulation 33 of 5EBI (Listening Obligations and Disclosure Requirements) Regulation 2015. The statutory auditors of the company have carried out a Limited Review of the result for the quarter ended 30th June 2019.

2 These results have been prepared in accordance with the Indian Accounting Standards as prescribed under section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules as amended from time to time.

3 Effective from April 1, 2019, the company has adopted Ind AS 116 - Leases using the modified retrospective approach. The adoption of the slandard did not have any material impact on these financial results.

4 The "Management Approach" as defined in "Ind AS 108 - Operating Segments", requires disclosure of segment wise information based on the manner in which the Chief Operating Decision Maker (CODM) evaluates the performance and allocates resources In cases where a reporting entity operated in more than one business segment. Since the company is primarily engaged only in the business of "Construction and Engineering Activities" which the management and CODM recognise as the sole business segment, hence there are no other reportable segments.

5 Adjustments have been made in the financial results for the quarter ended 30th June 2019 to comply with the requirements of Ind AS 111 on "Joint Arrangements"

6 The figures for the previous period have been regrouped and / or rearranged wherever considered necessary.

Date August 7, 2019 Mumbai Place

By Order of the Board For J. Kumar Infraprojects Limited Jagdishkumar M. Gup!

(Executive Chairman) DIN: 01112887

Todi Tulsyan & Co.

Chartered Accountants

201/202, B-Wing Extn., 2nd Floor, Rolex Shopping Centre, Station Road, Goregaon (W), Mumbai - 400 104. Telefax : 022 - 6755 6030 / 2873 7979, Mob.: 93233 44556, Email : ttcomumbai@gmail.com GSTIN: 27AACFT0522C1ZS

Limited Review Report on the Unaudited Standalone Financial Results for the quarter ended 30th June 2019 pursuant to the Regulation 33 of SEBI (Lisiting Obligations and Disclosures Requirements) Regulations, 201S

To the Board of Directors J.Kumar Infraprojects Limited

We have reviewed the accompanying statement of Unaudited standalone Financial Results of J. Kumar Infraprojects Limited ("the Company"), for the quarter ended June 30, 2019 and year to date from April 1, 2019 to June 30, 2019 ("the Statement"), attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations Disclosure Requirements) Regulations, 2015, read with SEBI Circular No CIR/CFD/FAC/62/2016 dated July 5, 2016.

The preparation of the Staternent 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 Rule 3 of Companies (Indian Accounting Standards) Rules, 2015 read with SEBI Circular No CIR/CFD/FAC/62/2016 dated July 5, 2016 is the responsibility of the Company's management and has been approved by the Board of Directors of the Company. Our responsibility is to express a conclusion on the Statement based on our review.

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 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 procedure 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.

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 recognition and measurement principles laid down in the applicable Indian Accounting Standards ("Ind AS") specified under Section 133 of the Companies Act, 2013, read.with relevant rules issued thereunder and other recognised accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations

Todi Tulsyan & Co.

Chartered Accountants

201/202, B-Wing Extn., 2nd Floor, Rolex Shopping Centre, Station Road, Goregaon (W), Mumbai - 400 104. Telefax: 022 - 6755 6030 / 2873 7979, Mob.: 93233 44556, Email: ttcomumbai@gmail.com GSTIN: 27AACFT0522C1ZS

and Disclosure Requirements) Regulations, $2015,$ read with SEBI Circular no CIR/CFD/FAC/62/2016 dated July 5, 2016, including the manner in which it is to be disclosed, or that it contains any material misstatement.

FOR TODI TULSYAN & CO.

CHARTERED ACCOUNTANTS FIRM REG. NO.: 002180C

onlyo Kamp alsyan Mumbai FRN 002180C DILIP KUMAR Pred Acco

PARTNER Membership No.: 054575 Mumbai, August 07, 2019 Certificate No.: 19054575AAAACQ2331

KUSUM JAGDISHKUMAR GUPTA

701/702, Ritu Apartment, J.V.P.D. Scheme, Road No.03, Plot No.42, Vile Parle (West), Mumbai-400 056.

Date: 7th August 2019

The Board of Directors, J. Kumar Infraprojects Limited, Unit No 16A, Andheri Industrial Estate, Veera Desai Road, Andheri(W), Mumbai-53

Dear Sir

Subject: Resignation from the Board of Directors of the Company

This is with reference to the captioned subject I wish to resign as a Non-Executive Woman Director from the Board of Directors of the Company with immediate effect, as I have been preoccupied with other commitments. I would like to thank all the directors and executive team for their support while on the Board.

Further, I would also like to confirm that there is no other material reason other than the one mentioned above, for my resignation form the Board of the Company.

Yours Sincerely,

Cusmijompta

Mrs. Kusum J Gupta Din: 03138909

Information as per circular CIR/CFD/CMD/4/2015, dated 9th September, 2015 on continuous Disclosure Requirements for Listed Entities-Regulation 30 of Securities and Exchange Board of India (listing Obligations and Disclosure Requirements) regulations, 2015.

1	Name	Dr.R.Srinivasan	Mr.P.P.Vora	Mr.Ajith Singh Chatha	Mrs Archana Yadav
$\overline{2}$	DIN	00003968	00003192	02289613	07335198
$\overline{3}$	Date of Birth/Age	May 30,1931	October 01,1943	January 14,1936	December 3D,1976
$\overline{4}$	Qualification	Doctorate in Banking & Finance	Bachelor in Commerce8.CharteredAccountant	Electrical Engineering	Chartered Accountancy (C.A.)
S.	Date of Joining theBoard	July 16,2007	July 16,2007	February 13, 2014	August 07,2019
6	Experience (approx.)	More than 40 Years' Experience	Morethan33Years'Experience	Morethan35Years'Experience	More than 14 Years'Experience
$\overline{7}$	Nature of Expertise	Expertise in Accountancy, Finance,Banking	ExpertiseinAudit,Accountancy, Finance,Banking	Expertise$\mathbf{m}$strategy,administration,advisory,Governance etc	Expertisein.Audit.Accountancy,Finance,Consultancy, Liasoning
8	Back Ground Details/JobPrafile&Suitability/Recognition&Awards	Dr. R. Srinivasan, aged 88 years, holdsa Doctorate in Banking & Finance,has extensive managerialandexpertise. He has held several seniormanagerial positions in the publicsector banks as Chairman &Managing Director of Bank of Indiaand Allahabad Bank. He is alsoserving on the Board of severalCompanies focussed on software,pharmaceuticals, tea, paints, inaddition to mutual fund industry.	PadmanabhMr.P.Vora, aged 76 years, isIndependentanofDirectorourCompany and has over33 year's of experiencein finance, banking &management. He hold aBachelor's Degree inCommerce and is aChartered Accountantby Profession. Duringhis carrer as a banker,he has held severalprestigious positions inthe industry such asservingas.theChairman-cum-Managing Director ofthe Industrial Bank ofIndia from which heretired in 2003.	He is graduated with Honorsin Electrical Engineering fromGavernmentEngineeringCallege, Jabalpur and joinedthe LA.5 cadre of Punjab in1963 and held wide range ofassignments from the field tothe secretariat such asDeputy Cammissioner afPatiala, Sangrur, Ludhiana,Managing Director, PunjabState Industrial developmentcorporationLtd,JointSecretary,MinistryofCommerce,and PrincipalSecretary,department ofIndustries,Cooperation,housing,IrrigationandPower, Home and Justice andas Chief Secretary to theGovt. of Punjab	Mrs. Archana Surendra Yadav Chartered Accountancy (C.A.)from Institute of Chartered Accountants of India (ICAI) in2004, PGDBM from Xavier Institute of Management,Bhubaneshawar, Cleared Forensic Audit & Fraud DetectionCourse by ICAI in Jan 2017. She has been Appointed as GSTFaculty by ICAI for GST knowledge sharing across IndiaWFRAPAO$\sqrt{\frac{2}{3}}$MUMBAI▩$\mathbf{Q}$

9	Terms and Conditions ofAppointment	Independent Director for a period offive years not liable to retire byrotation	Independent Directorfor a period of fiveyears not liable to retireby rotation	Independent Director for aperiod of five years not liableto retire by rotation	Independent Director for a period of five years not liable toretire by rotation
11	Details of remunerationsought to be paid	Eligible to receive sitting fees.	Eligible toreceivesitting fees.	Eligible to receive sitting fees.	Eligible to receive sitting fees.
12	Remunerationlast drawn	4.20	4.50	4.50
13	Comparativeremunerationprofile,profile of the positionand person	NA	NA	NA	NA
14	Pecuniary relationshipsdirectly or indirectlywith the Company	NΑ.	NA.	ΝA	NA
15	NumberO 1Board Meetingattendedduring the Year	$\overline{4}$	6	6
16	Disclosureof relationship with otherdirectors/KMP	Dr. R. Srin ivasan is not related to anyof the Directors/KMP of the Company	Mr. P.P. Vora is notrelated to any of theDirectors/KMP of theCompany	Mr. Ajith Singh Chatha is notrelated to any of theDirectors/KMP of theCompany	Mrs Archana Yadav not related to any of the Directors/KMPof the Company
17	Shareholding of DirectorwithJ.Kumarinfraprojects Ltd	Nil	Nil	8,000	Nil
18	List of Directorship inother companies as on31st March 2019	GoldiamInternationalLtd AuditCommittee : Member Nomination &Remuneration Committee:MemberStakeholders Relationship Committee: Chairman Williamson Magor & CoLtd : Audit Committee : Member&NominationRemunerationCommittee : Chairman Graphite IndiaLtd : Audit Committee : MmeberNomination&RemunerationCommittee : Member Maciend RusselIndia Ltd : Audit Committee :ChairmanNomination8.Remuneration Committee : Member.	Reliance Home FinanceLtpAuditCommittee:MemberNomination&RemunerationCommittee:MemberStakeholdersRelationshipCommittee: Chairman	CottonCountyRetailLimited, IndianAcrylicsLimited	Reasonance Specialities LtdANAR

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