Jamna Auto Industries Ltd. — Annual Report 2021

May 31, 2021

Jamna Auto Industries Ltd.

31 May, 2021

To, To, Exchange Plaza, Plot No. C/1, G- Block, Exchange Plaza, Plot no. C/1, G Block, Phiroze Jeejeebhoy Towers, Dalal Street, Bandra-Kurla Complex, Bandra (E) Mumbai- 400001 Maharashtra Mumbai - 400 051, Maharashtra BSE Code: 520051 NSE Code: JAMNAAUTO

BSE Limited National Stock Exchange of India Limited

Subject: Outcome of Board Meeting held on May 31, 2021

Dear Sir/Madam,

This is to inform you that the Board of Directors of the Company at their meeting held today i.e. May 31, 2021 at 2:30 p.m. inter-alia has:

• 1. Considered and approved the Audited Financial Results (Consolidated and Standalone) of the Company for the quarter and year ended on March 31, 2021.
• 1. Recommended final dividend of Rs. 0.50 (fifty paisa) per equity shares of Rs.1 each subject to the approval of the members of the Company.
• 1. Pursuant to the recommendation of Nomination & Remuneration Committee, re-appointed Mr. P. S. Jauhar (DIN: 00744518) as Managing Director and CEO for further term of 3 years from August 01,2021 to July 31,2024 subject to approval of members of the Company.
• 1. Pursuant to the recommendation of Nomination & Remuneration Committee, appointed Mr. Gautam Mukherjee (DIN: 02590120) as an Independent Director for an initial term of 5 years with effect from May 31, 2021 subject to approval of members of the Company.
• 1. Considered and approved amendment to the Corporate Social Responsibility policy of the Company.

Pursuant to Regulation 33 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, please find enclosed herewith the audited financial results along with auditor's report (Consolidated and Standalone) for the quarter and year ended March 31, 2021 and a declaration pertaining to audit report issued by statutory auditors with unmodified opinion.

Kindly take the above information on records.

Thanking you, Yours faithfully, For Jamna Auto Industries Limited

PRAVEEN LAKHERA Digitally signed by PRAVEEN LAKHERA Date: 2021.05.31 17:48:25 +05'30'

Praveen Lakhera Company Secretary & Head-Legal Encl: As above

Corporate Office: 2, Park Lane, Kishangarh, Vasant Kunj, New Delhi- 110070 Tele: +91-11-26893331 | Fax: +91-11-26893180 | www jaispring.com | CIN: L35911HR1965PLC004485 Regd Office: Jai Spring Road, Yamuna Nagar (Haryana)-135 001, India | Tel: +91-1732-251810 | Fax: +91-1732-251820 YAMUNA NAGAR | MALANPUR | CHENNAI | JAMSHEDPUR | PANTNAGAR | HOSUR | PUNE

JAMNA AUTO INDUSTRIES LIMITED Regd Office: Jai Spring Road, Vamuas Nagar, Haryana -135001

SAD

STATEMENT OF CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2021

SL 1	Particulars		Quarter ended		Year ended	(Rt. in Lat.hr)
Ne.		(Audited) - ReferNote 6	(Unaudited)	(Audited)	(Audited)	(Audited)
		31.03.2021	31.12.2020	31.03.2020	31.03.2021	31.03.2020
$\mathbf{I}$	Income from operations
	a Revenue from operations	48.440.18	34.326.14	23,749.43	1.07.947.84	1,12,895.15
	b Other income	300.19	141 25	446.84	992.95	1.614.03
	Total sevenue	$-18,7-10.37$	34, 167.39	24,196.27	1,03,940.80	1,14,509.18
	2 Expenses
	a Cost of raw materials and compenents consumed	30,963.19	22,923.01	12,729.78	69.352.31	64,263 18
	b Purchase of traded goods	173.50	336.32		633 12
	e Changes in inventories of financed goods, werk as tempress and traded goods	(555.28)	12.551671	1.55831	(4.120.54).	6.962.13
	d Employee banefit esposses.	3,352.00	3,334 01	2.446.06	11,176.11	11.294 19
	e Other expenses	7,309.37	5,189.87	4,215 81	17,720.52	18,962.79
	Total expenses	41,232.78	29,228.54	20.949.96	94,701.52
	3 Profit/Lass) before finance costs, depreciation/amortization expense and tax (1-2)	7,507,59	5.238.85	3,246.31		1,01,482.29
d.	Finance costs				14,239.28	13,026.89
	a Finance costs	164.99	127.97	367.33
	b Finance income	3.96	4.29	3.23	611.98	1,758.24
	Net finance costs (a-h)	151.03			1897	32.49
$5^{\circ}$	Depreciation and amortization expenses	993 29	123.68	364.19	593.01	1,725.75
Ğ	Profit/Lass] before tax (3-4-5)		953 59	91603	3,558.09	4,13702
	Tax expentes	6.363.27	4,151.58	1,966.13	10,083.18	7,164.12
	Current tax	1.893.68	1,198.08	54902
	b Deferred tax charge/ (credit)	(28046)	(57.021)	31383	3,144.65	1,800.9.2
	Total tax expense (a+h)	1,613.22	1,146.05	862.85	(35276)	575.33
蓝	Profit/(Loss) for the period (6-7)	4,750.05	3,005.52	1,103.28	2,791.39	2,376.15
	Other Comprehensive Income/(Loss)				7,296.29	4,787.97
	Other comprehensive income/(lozi) not to be reclassified to profit at loss in indesepted.possods
	- Re-measurement gem/(less) on defined benefit plans	(593)		28.33
	- Deferred tax impact on above	(215)	٠u	(7.04)	(44, 16)	10.89
	Other comprehensive income/(loss) for the period, not of tax	(3.08)			764	(1.7.4)
	10 Total Comprehensive incomel(loss) for the period (8+9)	4,741.97	3,005.52	21.29	(36, 52)	9.05
	11 Profit/(Loss) for the period attributable to			1,124.57	7,259.77	4,797.02
	Equity holders of the parent	4.750.04	3,005.51
	Non-controlling interests	0.01	0.01	1,103.27	7.296.23	4,787.96
	12 Other Comprehensive Income/(loss) for the period attributable to			0.01	0.01	0.01
	Equity holders of the parentNon-controlling interests	(808)		21.29	(36, 52)	9.05
	13 Total Comprehensive Income/(loss) for the period attributable to (11+12)			×	۰
	Equity holders of the parent
	Non-controlling interests	4,741.96	3.005.51	1,124.56	7.259.76	4,797.01
	14 Paid up equity share capital (Face value of Rs.1/- each)	0.01	QQ1	0.01	0.01	001
	15 Other Equity (excluding Revaluation reserve as per the audited balance sheet)	3.983.25	3,983.25	3,983.25	3,983.25	3,981.25
	16 Earning/(Loss) per share (in Rs.) (face value of Rs. 1/- each) (not annualised for quarter)				54,017.41	47,687.27
	Basic
	Diluted	119	0.76	0.38	1.23	1.20
		119	076	0.79	133	170

Enclosed accompanying statement of Anadis and Liabilities and Cash flow statement $N_{\rm D}$

sue.The above consolidated financial randix of Jamna Auto Industries: Leasted (the Holding Company) and at subsidiaries namely Jai Supersions System LLP, Jai Surpensions Limited and JaiAutomotive Components Limited (the $\mathbf I$

mpare a set start incommend to these months and the year caded March 31, 2021 have been prepared in accordance with the Indian Accounting Standard, (ind AS) as presented underSection 133 of the Companies Act, 2013 read wi

own prepares in secondary with Ind AS 110 "Censelational Financial Statements".

1. In the walk the providend for AS 10 All Censelation is expected in the buttomes of mandentum of Automotive surpersion which includes Parab

25.26,000 epitcation is eligible employers of the Holding Company 6 The figure in the Gaussian scheme in the Holding Company 6 The figure in the Scheme base of the Mathematical scheme in entired figures in expect of ful

3 The Code on Social Sourcity 2020 ("Code"), which received the presidential agent on September 28, 2020, athouvem the law relating to seeml security, retrement and employee benefits, including the Employees Provident Fun

10 The above financial results are available on the Company's website (www. propertie goin) and sho on the website of NSE (www. notinata com) and BSE (www. burindia com)

ta naging Director & CEO DIN: 00744518

in behalf of the Hotel

Date May 31, 2021 Place New Delhi

	Audited	Audited
	31.03.2021	31.03.2020
A Assets
Non-current assets	28,469.15	29.678.93
Property, plant and equipment	6.454.79	6,963.68
Right to use		13,216.87
Capital work in progress	13,375.58
Other Intangible assets	168 13	226.29
Financial assets
Investments	47.29	47.20
Other financial assets	36705	574.81
Non current tax assets (nct).	230.36	822.38
Other non-current assets	2.160.95	2.832.53
Deferred tax assets (net)	635.52	275 12
	51,908.83	54,637,90
Sub-total-Non-current assets (A)
2 Current assets	20.955.94	12,998.01
Inventories		9.27
Contract Assets	2,0.46,53
Financial Assets
1 oans	1,331.35	86.85
Trade receivables	5,581.56	8.008.21
Cash and eash equivalents	3.802.11	71.33
Other bank balances	31581	289 82
Other financial assets	857.46	1.198.17
Current tax assets (net)	u.	$\overline{\phantom{a}}$
Other current assets	1,484.50	1,710.89
	36,375.26	24.372.55
Sub-total-Current assets (B)
Total Assets	88.284.09	79.010.45
Equity and liabilitiesB
Equity$\mathbf{1}$	3,983.25	3.983.25
Equity share capital
Other equity	54,017.41	47.687.27
Equity attributable to equity holders of the Parent Company	58,000.66	51,670,52
Non-controlling interest	0.14	0.13
Total equity (A)	58,000.80	51.670.65
Liabilities
Non-current liabilities
$\overline{2}$
Financial liabilities		5.077.07
Borrowings	907.36	974.31
Lease Liabilities	148.12	128.97
Other financial liabilities	1,861.33	1.386.11
Long term provisions
Deferred government grants	1,411 78	1,463.49
Sub-total-Non-current liabilities (B)	4.328.59	9,029.95
Current liabilities3
Contract Liabilities	1,836.61	780.54
Financial habilities
Bottowings		8,607.19
Lease Liability	171.35	574
Trade payables.	470.37	39.97
-Total outstanding due of micro and small enterprises
-Total outstanding due of other creditors other than micro-	18,002.38	3.746 14
and small enterprises	1.396.36	1.727.18
Other financial liabilities		205.79
Deferred government grants	14134
Liabilities for current tax (net)		148 57
Short term provisions	2,429.84	2.616.39
Other current Itabilities.	1,506.45	342.34
Sub-total-current liabilities (C)	25,954.70	18.309.85
Total-Equity and Liabilities (A+B+C)	88,284.09	79,010.45

OF CONSOLIDATED ASSETS AND LIABILITIES AS AT MARCH 31, 2021

JAMNA AUTO INDUSTRIES LIMITED Regd Office: Jai Spring Road, Yamuna Nagar, Harvana -135001

CIALD

STATEMENT OF STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2021

SI.	Particulars					(Rs. in Lakhs)
			Quarter ended		Vear ended
		(Audited) - ReferNote 7	(Unaudited)	(Audited)	(Audited)	(Audited)
		31.03.2021	31.12.2020	31.03.2020	31.03.2021	31.03.2020
$\mathbf{I}$	Income from operations
	Revenue from operations	47.225 29	33.304.83	21,055.26	1.05.270.66	1,05,882.11
	b Other income	466,54	358.26	479.10	1,401.87	1,985 62
	Total revenue	47,691.83	33,663.09	21,534,36	1,06,672.53	1,07,867.73
	2 Expenses
	a Cost of raw materials and components contumed	30,110.76	22,172.92	12,333.98	67,400.79	61,707.08
	b Purchase of traded goods	173.50	33632		633.12
	c Changes in inventories of finished goods work in progress and traded goods	(457.00)	(2.200.50)	(14132)	(3.53112)	5.208.41
	d Employee benefit expenses	3,206.54	3,163.05	2.322.44	10,667.88	10,776.65
	e Other expenses	7,162.98	5,089.68	4,055.67	17,395.37	18,166.34
	Total expenses	40,196.78	28,561.47	18,570.27	92,566.04	95,858.48
	3 Profit/(Loss) before finance costs, depreciation/amortization expense and tax (1-	7,495.05	5,101.62	2,964.09	14,106.49	12,009.25
	21
d.	Finance costs
	a Finance costs	147.92	120.59	335.54	583.53	1,482.71
	b Finance income	31 25	34.52	39.26	141.50	203.82
	Net finance costs (a-b)	116.67	86,07	296.28	442.03	1,273.89
	Depreciation and amortization expenses	949.36	925.69	879 13	3,399.35	3,879 87
ő	Profit/(Loss) before tax (3-4-5)	6,429.02	4,089.86	1,738.68	10,265.11	6,855.49
$\overline{1}$	Tax expenses
$\mathbf{a}$	Current tax	1.739.63	1.103.63	389.97	2,863.46	1,306.60
	b Deferred tax charge/ (credit)	(16217)	(85.87)	301 74	(275.16)	756.19
	Total tax expense (a+b)	1,577.46	1,017.76	691.71	2,593.30	2,063.09
崟	Profit/(Loss) for the period (6-7)	4,851.56	3,072,10	1,096.97	7.671.81	4,792.40
9	Other Comprehensive Income/(Loss)
	Other comprehensive income/(loss) not to be reclassified to profit or loss insubsequent periods
	- Re-measurement gain/(loss) on defined benefit plans	(22.36)	$\bullet$	27.99	(61.26)	18.86
	- Deferred tax impact on above	5.63	$\lambda$	(7.05)	15.42	(4.75)
	Other comprehensive income/(loss) for the period, net of tax	(16.73)		20.94	(45.84)	14.11
	10 Total Comprehensive income/(loss) for the period (8+9)	4,834.83	3,072.10	1,117.91	7,625.97	4,806.51
П	Paid up equity share capital (Face value of Rs.1/- each)	3,983.25	3,983.25	3,983.25	3,983.25	3,983.25
	12 Other equity (excluding Revaluation reserve as per the audited balance sheet)				54,888.42	48,192.10
	Earning per share (in Rs.) (face value of Rs. 1/- each) (not annualised for quartercnded)
	Basic	1.22	0.77	0.28	1.93	120.
	Diluted	122	0.77	0.28	1.93	1.20

Enclosed accompanying statement of Assets and Liabilities and Cash flow statement Notes:

as:The above standalone financial results of Jamna Auto Industries Limited (the Company), have been reviewed by the Audit Committee and approved by the Board of Directors in theirrespective meetings held on May 31, 2021.

19 uncertainty in the audit report.These standalone financial results have been prepared in accordance with the Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" as prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of Companies (Indian Accounting Standards) Rules, 2015 and relevant amendments thereafter.

Pursuant to the decision made in the meeting of partners of Jai Suspension Systems Limited Liability Partnership ("LP"), conducted on May 29, 2021, in which the Company is a partner, profits earned by the LLP for the quarter ended amounting to Rs 210.38 Lakhs has been credited to the respective current accounts of the partners The total credit during the

pear amounts to Rs. 462.41 Lablas.The with the provisions of ND AS-108 - Operating Segment, the Company is engaged in the business of manufacturing of Automotive suspension which includes Parabolic/Tapered leaf spring an

The Board of Directors at their meeting held on May 31, 2021 recommended a final dividend of Rs. 0.50 (@ 59%) per equity share of Rs. 1 each of the Company making a total dividend of Rs. 0.50 (@ 59%) per equity share of Rs financial year 2020-21 Final dividend is subject to the approval of shareholders.

The Company formulated an ESOP Scheme (seferted as Company's Employee Stock Option Scheme, 2017) in accordates with SEBI (Share Based Employee Benefits) Regulation,2014, which was dely approved in the Annual General Meeti

• 25,55,000 opions to the eligible employees of the Cempany. The figures form of the eligible employees of the Cempany. The figures between and the balancing figures between andited figures in respect of full financial ye
• mbereat uncertainty on the potential nume impact of the COVERCITY published.The Code on Social Security 2020 ('Code'), which received the presidential assent on September 28, 2020, subsumes nine law relating to social sec

Place New Delhi

$(PS, J)$ Managing Director & CEO DIN: 00744518

CONSOLIDATED CASH FLOW STATEMENT

$\overline{1}$

		(Rs m Lakhs)
Particulars	For the year ended	For the year ended.
	Mar 31, 2021	March 31, 2020
A. Cash flow from operating activities
Profit before tax	10,088.18	7,164.12
Adjustments to reconcile profit before tax to net cash flows:
Depreciation and amortization expenses	3,558,09	4,147.02
I oss on sale of property, plant and equipment.	60.02611.98	$10^{\circ}03$1,758.24
Finance castFinance income	(18.97)	(52.49)
Excess provision no longer required written back	(587, 47)	(1,105.40)
Impairment allowance for trade receivables and advances
considered doubtful	48.0"	$05 - 46$
Bad debts written off	×.	3.5%
Government grant and export meening the che recognised	$(215.8^{\circ})$	(295.79)
Provision for Government grant recoverable.	396.71	$\omega$
Provision for contingencies.	w	46.488
Employee Stock Option Expenses	66.18	÷
Unrealised foreign exchange less (net).	(194.81)	140.66
Operating profit before working capital changes	13.812.11	1235732
Changes in operating assets and liabilities:
Increase (adecrease) in trade pavable and other current
habilities	17,480.81	(42.074.97)
Increase in provision (Non carrent & current).	647.55	(888.37)
(hierease) decrease in trade receivables	2,416.76	22,382.730.893.95
(Increase) decrease in inventories.	(7.957.94)	$2 (st)
Increase in loansIncrease (recrease) in other financial indulates	(1, 244.50)19.15	(129.20)
(Increase) (decrease in other assets & other fluarical assets	(929.66)	527.86
Cash generated from 1 (used m) operations.	24, 244, 29	2.122.12
Direct taxes paid (act).	(2.770.76)	(2, 260, 20)
Net cash flow from / (used in) operating activities.	21,473.53	(138.08)
B. Cash flow from investing activities
Parchase for property, plant and equipment tinchiding initial
costs for ROU)	(3.260.62)	(10915.001
Proceeds from sale of property, plant and equipment	1.459.32	645.92
Investment in fixed deposits.	(9.97)	i.
Fixed deposits matured during the year		248.41
Interest received (finance meome)	17.61	35.41
Net cash used in im esting activities	(1.793.66)	(9.685.86)
C. Cash flow from financing activities
Proceeds from calls in arrear of partly paid equity shares		0.25
(including share premium)	$\blacksquare$
Dividend paid (including dividend distribution tax) and depositte investor education & protection fund	(995, 81)	(4.08158)
Payment of principal portion of lease liabilities	(211.65)	(304.76)
Proceeds from long term borrowings		5,489.92
Repayment of long term horrowings.	(5, 491, 96)
(Repayment of): proceeds from short term bettewings (net).	(8,607,19)	8.60719
Interest paid	(642.48)	(175158)
Net eash (used in) / from financing activities	(15, 949.09)	7.050.45
Net increase / (decrease) in cash and cash equivalents
$(A+B+C)$	3.730.78	$(1.564 - 49)$
Cash and cash equivalents at the beginning of the year	71.33	1935.82
Cash and eash equivalents at the end of the year	3.802.11	7131
Components of eash and cash equivalents:
Cash in hand	12.86	1.3~8 n
Balances with scheduled banks
- On current account	3. 89.25	50.46
	3.802.11	71 33

The above cash flow statement has been prepared under the "Indirect Method" as see out in Indian Accounting Standard-7. "Statement of cash flow"

STANDALONE CASH FLOW STATEMENT

		(Ks. 18 Lakhs)
Farticulars	For the year endedMar 31, 2021	For the year ended
A. Cash flow from operating activities		March 31, 2020
Profit before tax	10,265.11	6,855.49
Adjustments to reconcile profit before tax to net cash flows:
Depreciation and amortization expenses	3,399,35	3,879.87
Loss/(Gain) on sale of property, plant and equipment	61.34	19.43
Finance cost	583.53	1,482.71
Finance income	(141.50)	(208.82)
Provision no longer required written back	(540.58)	(1.059.43)
Impairment allowance for advances/trade receivable considered
doubiful	44.57	57.95
Government grant and export incentive meome recognised	(215.37)	(295.79)
Provision for Government grant recoverable	396.71
Provision for Contigency	$\infty$	404 08
Employee Stock Option Expenses	66.18	ú.
Unrealised foreign exchange loss (net)	(194.81)	149.56
Share in profit of limited liability partnership	(463.41)	(575.18)
Operating profit before working capital changes	13,261.62	10,709.97
Changes in operating assets and liabilities:
Increase / (decrease) in trade payable and other current habilities	16,600.10	${31,458,131}$
Increase / (decrease) increase in provision (Non current &
current)	470.25	(860.75)
Decrease in trade receivables	142.75	15,405.78
(Increase) / decrease in inventories	(6,997,67)	7,545.45
(Increase) / decrease in loans (Non current & current)	(46.22)	50.35
Increase / (decrease) in financial liabilities (Non current &
current)	13.72	(129.26)
(Increase) / decrease in other assets & other financial assets	(911.07)	1,189.26
Cash generated from operations	22,533,48	2,452.67
Income tax paid (net of refunds)	(2,382,55)	(1,940.78)
Net cash from opearting activities	20,150.93	511 89
B. Cash flow from investing activities
Purchase for property, plant and equipment (including instial
costs for ROU)	(2,678.36)	(8.290.58)
Proceeds from sale of property, plant and equipment	1,449.06	46.33
Investment in fixed deposits	(9.97)	à.
Loan given to subsidiary (Jai Suspensions Limited)		(345.00)
Investment in subsidiaries	${656, 44}$	(2, 275, 56)
Withdrawal from share in capital of limited liability partnership		1,000.00
Fixed deposits matured during the year	쑫	248 65
Interest received (finance income)	24.05	46.41
Net eash used in investing activities	(1,871.66)	(9,569,75)
C. Cash flow from financing activities
Proceeds from calls in arrear of partly paid equity shares
(including share premium)		0.25
Dividend paid (including dividend distribution tax) and deposit to investor education	(995.81)	(4.081.69)
Payment of principal portion of lease liabilities	(211.56)	(266, 40)
Proceeds from long term borrowings	ú	5,491.08
Repayment of long term borrowings	(5, 491, 96)
(Repayment of) / Proceeds from short term borrowings (net)	(7, 561, 95)	7,561.95
Interest paid	(566.42)
Net cash flow (used in) / from financing activities	(14,827,70)	(1,481,17)7.224.02
Net increase / (decrease) increase in cash and cash
courralents (A+B+C)	3,451.57
		(1,833,84)
Cash and cash equivalents at the beginning of the year
	62.37	1,896 21
Cash and cash equivalents at the end of the year
	3,513,94	62.37
Components of eash and eash equivalents;
Cash in hand
Balances with scheduled banks.	12.48	14.39
- On current necount
	3,501.462.033.04	47.98

The above eash flow statement has been prepared under the " Indirect Method" as set out in Indian Accounting Standard-7 , "Statement of cash flow".

STRIA

TS AND LIABILITIES AS AT MARCH 31, 2021
STATEMENT OF STANDALONE		(Rs. in Lakhs)
	\udited	Audited31.03.2020
A. AssetsNon-current assets	34.03.2021SAS
Property. plant and equipmentRight to use	3,310, 74	28.283.773.824 73
Capital work in progressbible assets	P2798 ET183,14	12,702.93235 72
	1886.58	3.746 96
	47.29	47.29
LoansOther fine	1.65135684.53	1.63135535,02
NOH CHITENL 1aN assets (net)	178 541,352.06	a4 032A3232
Other non-currnDeferred rasisin	494 45	203.86
Sub-total-Non-current assets (4)	52,700.48	54,408.01
Current assetsfnventories	15,345.38	1234771
Contract "Assets	1,842.65	927
Financial ALoans	129.06	§2 84
Trade receivablesCash and cash equivalents	7.601, 123,513.94	7,753.7662.37
Other bank balances	270.96824.95	287 661,363.92
Other financial assetsOther current assets	1.237.412	1,347.98
Sub-(otal-Current assets (B)	34,765.18	23,255.51
'Total Assets (A+B)	87 465.66	17,663.52
Equity and liabilitiesBEquity
1Equity share capital	3,983.2554.888. 42	3,983.2548,192.10
Other equityTotal equity (4)	58,871.67	$2,175.35
Liabilities
Non-current linbilitiesmdFinancial labilies
Borrowings	-600.06	5.07707730.39
Lease LiabiltucsOther financial liabilities	142.69	128.97
Long term provisionsDeferred government grants	1,768.96LAbL.78	1,325.94
Sub-total-Non-current Habilities (0)	3,923.49
Current liabilities2Contract Liabilt	1.833 09
al abilFinal		61,95
TOWf }Lease vabilnty	a5 1	546
'Trade payablesue of macro and sraall caterprses-Total puts	13209
due of other creditors other than microTotal oul:and small citerprises	17,326.21	06 87"a
Other nancial labilies	1.593.958Il 34	676 34298 79
	2 244 78	2 460 60*
Deferred vorwent (hansShort tern provisions	1 t23.082.67058
Other current 'abvliticsSub-tataleurrent habilities (0)

STATEMENT OF STANDALONE | TS AND LIABILITIES AS AT MARCH 31, 2021

	JAMNA AUTO INDUSTRIES LIMITEDRegd Office: Sai Spring Road, Yamuna Nagar, Haryana -135001					<sae< td=""></sae<>
	STATEMENT OF CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 3i, 2021					"~enamigeneie"(sin Lakh)
SL.No.	Particulars,	(Audited) - Refer	Quarter ended(Unaudited)
		lote 6		(Audited)	Year ended(Audited)	(Andiled)
	1 [Income from operations	31.03.2021	31.12.2020	31.03.2020	31.03.2021	11.03.2020
	a/Revenuc from operationsb] Other income	48,440.18300.19	34,326.14141.25	23,749.43446 84	1,07.937 84992 96,	112,895.151,614.03
	Total revenue2 Expensesa Cost of raw materials and components consumed	48,740.3730,963 19	HA67.3922,923.01	24,196.2712,729 78	1,08,9.40.8069,352.31	1,14,509.1864263 18
	b) Purchase of traded goods¢] Changes in inventories of finished pods, work in progress and traded goods	173.50(565 28)	33632(2.554 67)	-1,55831	633.12(4.180 54)	:6.962 13
	a] Employes benefit expanses¢/Other expenses	3,352.007,309.37	3.334015,189.87	2,446.06421581	11,176.1117,720.52	11,294 1918,962.79
	Total expenses.3 Profit((Lors) before finance costs, de preciationfamortization espense and tax (1-2)	41,232.787,507.59	29,228.845,238.85,	20,949.963,246.31	94,701.5214,239.28	101,482.2913,026.89
	4 Finance costsa)Finance costs	15499	127.97	367.33	611.98	1,758.24
	b] Finance incomeNet finance costs (a-b)	396151.03	429123.68	3233364.10	18.57593.01	32491,725.75
	S Depreciation and amortization expenses6 Profit/(Loss) before tax (3-4-5)	993 296,363.27	963.59415 L58	916081,966.13	3.558.0910,088.28	4137027,164.12
	7 Tax expensesa)Current tax	1853 68	1,198.08	$4902	3,144 65	1,800.92
	b Deferred tax charges (credit)Total tax expense (ath)	(28046)1,613.22	(52.02)1,146.06	31383862.85	G52 76)2,791.89	575.232,376.15
	8 Profiv(Loss) for the perind (6-7)9 Other Comprehensive Income/(Loxs)	4,750.05	3,005.52	1,103.28	7,296.29	4,787.97
	Other comprchensive income/(loss) not lo be reclassified to profit ar loss in subsequentperiods
	Re-measurement gain/(loss) on defined bencfit plans - Deferred tax impact on above'Other comprehensive incoime/(loss) for the period, net of tax	(593)(2.15)(8.08)	=--	2833(7.04)21.29	(43.16)764(36.52)	10.89(184)9.05
	10 Total Comprehensive income/(loss) for the period (849)11 Profit/(Loss) for the period attributable to	A7A1.97	3,005.52	1,124.57	7,259.77	4,797.02
	Equity holders of the parentNon-controliing mlcrests	4,750.040.01	3,005.510.01	1,103.270.01	7,296.280.01	4,787.96,0.01
	12 Other Comprehensive income/(loss) for the period attributable to Equity holders of the parent	8 08)	=	21.29	(36.52)	9.05
	Non-controliing interests13 Total Comprebensive income/(Ioss) for the period attributable to (1 +12)	-	=	=	=	«
	Equity holders of the parentNoo-controlling interests	ATAL9G0.01	3,008.51001	1,124.56O01	7,259.760.01	4,797.01ool
	14 Paid up equity share capilal (Face value of Rx.I/- each)15 Other Equity (excluding Revaluation reserve as per the audited balance shect)	3,983.25-	3,983.25-	3,983.25-	3,983.2554,017.41	3,983,28547,687.27
	16 Earning/(Loss) per share (in Rs ) (face valucofRs. {/- each) (not annuslised for quarter)Basic	119	0.76	028	1.83	120

Enclosed accompans ing statement of Assels and Liabilities and Cash flow statement

lotes:

1 The above consolidated financial results of Jamna Auto Industnes Linuted (the Holding Company') and sts subsidianies namely Jai Suspension System LLP, Jai Suspensions Limiled and Jai Autoraotive Camponenis Limited (ihe Holding Company' and ils subsidiaries together referred lo as "the Group") have been reviewed by the Audit Conunittee and approved by the Board of Directors of the Holding Company in their respective meclings held on May 31, 2621, The statutery auditors of the Hotding Company have conducted audit of these consolidated financial resulls pursuant (0 regulation 33 of SEBI (Listing Obligation and Disclosures Requirements) Regulations, 3015 The audilors have expressed an unqualified opinion with an emphasis of matter paragraph related to impact of COVID-19 uncenainty inthe audit report.

2 These consolidated financial results for the three months and the year cnded March 31, 2021 have been prepared in accordance wath the Indian Accounting Standard, (Ind AS) as prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of Companies (Indian Accounting Standards) Rules, 2015 and relevant amendments thereafler. The said financial results of the Group hove been prepared in accordance with Ind AS 110 "Consolidated Financial Statements".

3 In dine with the provistons of IND AS-1 08 - Operating Segment, the Group is engaged in the business of manufactuing of Automotive suspension which includes Parabolic' Taperod leaf spring and Lift axle which constitutes single reporting business segment. no segment disclosures are required.

1. The Board of Directors of the Holding Company at their meeting held on May' 31, 2021 recommended a final dividend of Rs 0.50 (@ 50%) per equity share of Rs | cach of the Holding Company making a total dividend of Rs 0.75 (@ 75%) per equity share of Rs} cach for the fmanaal year 2020-21, including an iuenm dividend of Rs 025 (25%) per equity share declared earlicr during the financial year 2020-21. Final dividend is subject to the approval of sharcholders

2. The Holding Company formulated an ESOP Schenic (referred as Holding Compary''s Employ ce Stock Option Scheme. 2017) m accordance with SEBI (Share Bascd Employee Benefits) Regulation, 2014, which was duly approved in the Annual General Meeting of the Shareholders of the Holding Company on August |, 2017 and the Holding Company also got in-prueiple approval from both NSE and BSE dated March 20. 2018 and March 27. 2018 respectively in respect ofthe said Scheme, During the quartet, pursuant to the approval by the Compensation Commatice of the Board of Directors on December 26, 2020, the Holding Company has granted options (o certain eligible employ ccs under the said approved Scheme Pursuant to the scheme, the Holding Company has granted 25,55,000 options to the eligible employees of the Holding Company

6 The figures for the quarter ended March 31, 2021 are the balancing figures between audited figures in respect of fll financial year upto March 31, 2021 and unoudited published year to dale figures upto December 31. 2020, being the date of theend of the third quarter of the financial year which were subjected to limited renew

7 The globsl pandemic oulbreak has unpacted the Group's business in carly part of the financial year 2020-2021, However, the Group has been able (o recover the business in course of the year Further, at the Lime of finalization of these financial results, the seventy of the pandemic in the form of Wave 2 is peaking day by day across the country and on account of which vanous state governmanis have started imposing lockdown-like resinclions in various parts of the country. The Group has considered the possible effects thal may' result from the pandemic relating to COVID-19 on the carrying Value of its assets and alse assessed the recoverability of is assels compnsing property. plant and cquipment. intangible assets, nght of use assels, capital work in progress, capital advances, investments, invenlones and wade receivables, using the various internal and external infonnalion up lo the date of approval of these financial statcment. On the basis of the said evaluation and current indicators of fulure economic condilions, the Group expects to recover the carrying amount of ils assets and docs not anticipale any impaument ofthese financial and non-financial assets Further. the Group has prepared cash flow projections for next 12 months and believes thst there 1s no impact on its ability 10 continue as 4 going concern and meeting ils liabilites as and when they fall duc However, considering the unpredictability of the pandemic and inherent uncertainty of the potential future impsct of the COVID-19 pandemic. the Group's financial resulls may differ from that estunated as on the date of approval of these financial resulls.

8 The Code on Social Security 2020 (*Code"). which received the presidential assent on Scpiember 28, 2020, subsuraes nine law relating to social sccunty, retirement and employee benefits, including the Employ ces Provident Fund and Miscellancous Provisions Act, 1952 and the Payment of Gratuity Act. 1972 The effeetive date of the Code is yet to be notified and related rules are yet to be framed The impact of changes. if any, will be assessed and recognised post notification of relevant provisions 9 The Holding Company 1s a majority partner with 99.9985% share in Jai Suspension Systems LLP ("the LLP") Partners of the LLP at their mecting held on 21 September. 2020 hare dockicd to convert the LLP into a private limited company with the name Jai Suspension S)stems Private Limited under applicable provisions of the Companies Act. 2013 Application filed by the LLP with Mansuy of Cosporste Affairs for conversion into Company' 1s pending for approval as on dale

1. The above financial results arc avavlable on the Compamy's website (MN jaispnng com) and also on the Website of NSE (www nseindia com) and BSE (www bseindia com)

Fi and on behalf of the Board tries Limited Date May 31, 2021 Managing Director & CEO Place New Delhi DIN : 00744518

	STATEMENT OF CONSOLIDATED ASSETS AND LIABILITIES AS AT MARCH 31, 2021
		Audited	(Rs. in Lakhs)Audited
	A [AssetsNon-current assets	31.03.2021	31.03.2020
1	Property, plant and equipment	28,469.15	29,678.93
	Right to useCapital work in progress	6,454.7913,375.58	6,963.6813,216.87
	Other Intangible assets	168.13	226.29
	Financial assetsInvestments	47.29	47.29
	Other financial assetsNon current tax assets (net)	367.06230.36	574.81822.38
	Other non-current assets	2,160.95	2,832.53
	Deferred tax assets (net)Sub-total-Non-current assets (A)	635.5251,908.83	275.1254,637.90
2	Current assets
	Inventories	20,955.94	12,998.01
	Contract AssetsFinancial Assets	2,046.53	9.27
	LoansTrade receivables	1,331.355,581.56	86.858,008.21
	Cash and cash equivalents	3,802.11	T33
	Other bank balancesOther financial assets	315.81857.46	289.821,198.17
	Current tax assets (net)Other current assets	-1,484.50	-1,710.89
	Sub-total-Current assets (B)	36,375.26	24,372.55
	Total Assets	88,284.09	79,010.45
B_	Equity and liabilities
1	Equity
	Equity share capitalOther equity	3,983.2554,017.41	3,983.2547,687.27
	Equity attributable to equity holders of the Parent CompanyNon-controlling interest	58,000.660.14	51,670.520.13
	Total equity (A)	58,000.80	51,670.65
	Liabilities
2	Non-current liabilitiesFinancial liabilities
	BorrowingsLease Liabilities	-907.36	5,077.07974.31
	Other financial liabilities	148.12	128.97
	Long term provisionsDeferred government grants	1,861.331,411.78	1,386.111,463.49
	Sub-total-Non-current liabilities (B)	4,328.59	9,029.95
3	Current liabilities
	Contract LiabilitiesFinancial liabilities	1,836.61	780.54
	Borrowings	-	8,607.19
	Lease LiabilityTrade payables	171.35	5.74
	-Total outstanding due of micro and small enterprises-Total outstanding due of other creditors other than micro	470.37	39.97
	and small enterprises	18,002.38	3,746.14
	Other financial liabilitiesDeferred government grants	1,396.36141.34	1,727.18295.79
	Liabilities for current tax (net)Short term provisions	-2,429.84	148.572,616.39
	Other current liabilities	1,506.45	342.34
	LOE RESub-total-current liabilities (C)~~	25,954.70	18,309.85
	Total-Equity and Liabilities (A+B+C)ve '~	88,284.09	79,010.45

= wor = i AN b oy

STATEMENT OF CONSOLIDATED ASSETS AND LIABILITIES AS AT MARCH 31, 2021

CONSOLIDATED CASH FLOW STATEMENT

CONSOLIDATED CASH FLOW STATEMENT
Particulars	For the year endedMar 31,2021	(Rs, in Lakhs)For the year endedMarch 31, 2020
A. Cash flow from operating activitiesProfit before tax	10,088.18	7,164.12
Adjustments to reconcile profit before tax to net cash flows:Depreciation and amortization expenses	3,558.09	4,137.02
Loss on sale of property, plant and equipmentFinance costFinance income	60,02611.98	109.031,758.24
Excess provision no longer required written backImpairment allowance for trade receivables and advances	(18,97)(587.47)	(32.49)(1,105.40)
considered doubtfulBad debts written offGovernment grant and export incentive income recognised.	48.07-(215.87)	65,463.59(295.79)
Provision for Government grant recoverableProvision for contingencies	396.71-	5404.08
Employee Stock Option ExpensesUnrealised foreign exchange loss (net)Operating profit before working capital changes	66.18(19:13,812.11	-14!12,357.52
Changes in operating assets and liabilities:
Increase / (decrease) in trade payable and other currentliabilities	17,480.81	(42,074.97)
Increase in provision (Non current & current)(Increase) / decrease in trade receivables(Increase) / decrease in inventories	647.552,416.76(7,957.94)	(888.37)22,382.739,893.95
Increase in loansIncrease / (decrease) in other financial liabilities	(1,244.50)19,15	52.66(129.26)
(Increase) / decrease in other assets & other financial assetsCash generated from / (used in) operations	929.66)24,244.29	527.862,122.12
Direct taxes paid (net)Net cash flow from / (used in) operating activities	(2,770.76)21,473.53	(2,260.20)(138.08)
B. Cash flow from investing activitiesPurchase for property, plant and equipment (including initial
costs for ROU)Proceeds from sale of property, plant and equipmentInvestment in fixed deposits	(3,260.62)1,459.32(9.97)	(10,915.60)945.92
Fixed deposits matured during the yearInterest received (finance income)	-17.61	-248.4135.41
Net cash used in investing activitiesC. Cash flow from financing activities	(1,793.66)	(9,685.86)
Proceeds from calls in arrear of partly paid equity shares(including share premium)	-	0.25
Dividend paid (including dividend distribution tax) and depositto investor education & protection fundPayment of principal portion of lease liabilities	(995.81)(211.65)	(4,081.58)
Proceeds from long term borrowingsRepayment of long term borrowings	-(5,491.96)	(304.76)5,489.92-
(Repayment of) / proceeds from short term borrowings (net)Interest paidNet cash (used in) / from financing activities	(8,607.19)642.48	8,607.19(1,751.58)
Net increase / (decrease) in cash and cash equivalents	(15,949.09)	7,959.45
(A+B+C)Cash and cash equivalents at the beginning of the year	3,730.7871.33	(1,864.49)1,935.82
Cash and cash equivalents at the end of the year	3,80:	71.33
Components of cash and cash equivalents:Cash in hand	12.86	14.87
Balances with scheduled banks= On current account

The above cash flow statement has been prepared under the " Indirect Method" as set out in Indian Accounting Standard-7 , "Statement of cash flow".

JAMNA AUTO INDUSTRIES LIMITEDRegd Office: Jai Spring Road, Yamuna Nagar, Haryana -135001
STATEMENT OF STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2021					SAESenn iageaecganesee =(Rs.in Lakhs) _
ParticularsSI.	(Audited) - ReferNote 7	Quarter ended(Unaudited)	(Audited)	Year ended(Audited)	(Audited)
Income from operations1	31.03.2023	31.12.2020	31.03.2020	31.03.2021	31.03.2020
a Revenue from operationsb Other incomeTotal revenue2 Expenses	47,225.29466.5447,691.83	33,304.83358.2633,663.09	21,055.26479.1021,534.36	1,05,270.661,401.871,06,672.53	105,882.111,985.621,07,867.73
a Cost of raw materials and components consumedb Purchase of traded goods¢ Changes in inventorics of finished goods.work in progress and traded goods	30,110.76173.80(457.00)	22,172.92336 32(2.20.50)	12,333.98=(141.82)	67,400.79633.12(3.531.12)	61,707.08*§,208.41
d Employee benefit expenses¢ Other expensesTotal expenses Profit/(Loss) before finance costs, depreciation/amortization expense and tax (1-3	3,206.547,162.9840,196.787,495.05	3,163.055,089.6828,561.475,101.62	2,322.444,055.6718,570.272,964.09	10,667.8817,395.3792,566.0414,106.49	10,776.6518,166.3495,858.4812,009.25
y4 Finance costsa Finance costs	147,92	120.59	335.54	583.53	1,482.71
b} Finance incomeNet finance costs (a-b)5 Depreciation and amortization expenses6 ProfitLoss) before tax (3-4-5)	31.25116.67949.366,429.02	34.5286.07925.694,089.86	39.26296.28879.131,788.68	141.50442.033,399.3510,265.11	208.821,273.893,879.876,855.49
7 Tax expensesa] Current taxb Deferred tax charge/ (credit)	1,739.63(162.17)	1.103.63(85.87)	389.97301.74	2,868 46(275.16)	1,306.60756.49
Total tax expense (a+b)8 Profit/(Loss) for the period (6-7) Other Comprehensive Income/(Loss)9Other comprehensive income/(loss) not to be reclassificd to profit or loss in	1,577.464,851.56	1,017.763,072.10	691.711,096.97	2,593.307,671.81	2,063.094,792.40
subsequent penods~ Re-mcasurement gain/(loss) on defined benefit plans- Deferred tax impact on above	(22.36)5.63	-=	27.99(7.05)	(61.26)18.42	18.86(4.78)
Other comprehensive income/(loss) for the period, net of tax10 Total Comprehensive income/(loss) for the period (8+9)1] Paid up equity share capital (Face value of Rs.1/- each)12 Other equity (excluding Revaluation reserve as per the audited balance sheet)	(16.73)4,834.833,983.25	-3,072.103,983.25	20.941,117.913,983.25	(45.84)7,625.973,983.2554,888.42	14.114,806.513,983.2548,192.10
Eaming per share (in Rs.) (face value of Rs. 1/ cach) (not annualised for quarter}ended)Basic	1.22	0.77	0,28	1.93	1.20

Enclosed accompanying statement of Assets and Liabilities and Cash flow statement.

The above standalone financial results of Jamna Auto Industnes Limited ('the Company'). have been reviewed by the Audit Committee and approved by the Board of Directors in their respective mectings held on May 31, 2021. The statutory auditors of the Company have conducted Audit of these standalone financial results pursuant to regulation 33 of SEBI (Listing Obligation and Disclosures Requirements) Regulations, 2015. The auditors have expressed an unqualified opinion along with emphasis of matter parsgrah related to impact of COVID-19 uncertainty in the audit report,

These standalonc financial results have been prepared in accordance with the Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" as prescribed under Section 133 of the Companies Act, 2013 1ead with Rule 3 of Companies (Indian Accounting Standards) Rules, 2015 and relevant amendments thereafter. ce 'uh

Pursuant to the decision made in the meeting of parmers of Jai Suspension Systems Limited Liability Partnership ("LLP"), conducted on May 29, 2021. in which the Company is a partner, profits camed by the LLP for the quaiter ended amounting to Rs. 210.38 Lakhs has been credited to tie respective current accounts of the partners. The total credit dunng the year aginounts to Rs. 462.41 Lakhs,

In line with the provisions of IND AS-108 - Operating Segment, the Company is engaged in the business of manufactunng of Automotive suspension which includes Parabolic/ Tapered leaf spring and Lift axle which constitute single reporting business segment, no segment disclosures are required,

The Board of Directors at their mecting held on May 31, 2021 recommended a final dividend of Rs. 0.50 (@ 50% ) per cquity share of Rs.1 cach of the Company making a total dividend of Rs. 0.75 (@ 75%) per cquity share of Rs.] cach forthe financial year 2020-21, including an interim dividend of Rs. 0.25 (28%) per equity share declared earlier during the financial year 2020-21 Final dividend is subject to the approval of sharcholders.

The Company formulated an ESOP Scheme (referred as Companys Employee Stock Option Scheme, 2017) in accordance with SEBI (Share Based Employee Benefits) Regulation. 2014, which was duly approved in the Annual General Mecting of the Shareholders of the Company on August 1, 2017 and the Company also got in-principle approval from both NSE and BSE dated March 20, 2018 and March 27, 2018 respeetively in respect of the said Scheme, Dusing the year. pursuant to the approval by the Compensation Committee of the Board of Directors on December 26, 2020, the Company has granted options to certain eligible employees under the said approved Scheme. Pursuant to the scheme. thc Company has granted 25,55,000 options to the cligible employees of the Company'.

The figures for the quarter ended March 31, 2021 are the balancing figures between audited figures in respect of full financial year upto March 31, 2021 and unaudited published year to date figures upto December 31, 2020. being the date of the end of the third quarter of the financial year which were subjected to limited review. The global pandemic outbreak has impacted the Company's business in carly part of the financial year 2020-2021. However, the Company has been able to recover the business in

course of the year. Further, at the time of finalization of these financial statements, the severity of the pandemic in the fonn of Wave 2 is peaking day by day across the country and on account of which various state govermments have started imposing lockdown-like restrictions in various parts of the country, The Company has considered the possible effects that may result from the pandemic relating to COVID-19 on the carting value of its assets and also assessed the recoverability of its assets comprising property, plant and equipment, intangible assets, right of use assets, capital work in progress, capital advances, investments, inventoncs and trade Receivables, using the various intemal and extemal mfonnation up to the date of approval of these financial results. On the basis of the said evaluation aid current indicators of future economic conditions, the Company expects to recover the carrying amount of its assets and docs not anticipate any tmpaimment of these financial and non-financial assets. Further, the Company has prepared cash flow projections for next 12 months and believes that there is no impact on its ability to continue as a gong concem and meeting its liabilitics as and when they fall due. However, considering the unpredictability of the pandemic and inherent uncertainty on the potential future impact of the COVID-19 pandemic. the Company's financial results may differ from that ¢stimaicd as on the date of approval of these financial results, The Code on Social Secunty 2020 (*Code"), which received the presidential assent on September 28, 2020, subsumes nine law relating to social security, retirement and cmploywe benefits, including the Employees Provident Fund and Miscellancous Provisions Act, 1952 and the Payment of Gratuity Act, 1972. The effcetive date of the Code 1s yet to be notified and related rules are yet to be framed. The impact of changes, if any, will be assessed and recognised post notification of relevant provisions 'The Company 1s a majority partner with 99.9985% share im Jai Suspension Systems LLP ("the LLP"), Partners of the LLP at their mectng held on 21 September, 2020 have decided to convert the LLP into a private limited company with the name Jai Suspension Systems Private Limited under applicable provisions of the Companies Act, 2013. Application filed by the LLP with Ministry of Corporate Affairs for conversion into Company is pending for approval as on date 11 The above financial results arc available on the Company's website (www jaispring com) and also on the website of NSE (www nscindia,com) and BSE (www bscindia com) a us ra ~ 2 Ss

Date: May 31, 2021

Notes:

	STATEMENT OF STANDALONE ASSETS AND LIABILITIES AS AT MARCH 31, 2021
			Audited	(Rs. in Lakhs)
	A Assets		31.03.2021	Audited31.03.2020
1	Non-current assetsProperty, plant and equipment
	Right to use		27,107.393,316.74	28,283.773,824.73
	Capital work in progress		12,798.41	12,702.93225.72
	Intangible assetsInvestment in subsidiaries		183.144,886.58	3,766.99
	Financial assets
	InvestmentsLoans		47.291,651.35	47.291,651.35
	Other financial assets		684.53	535.02
	Non current tax assets (net)Other non-current assets		178.541,352.06	734.032,432.32
	Deferred tax assets (net)		494.45	203.86
	Sub-total-Non-current assets (A)		52,700.48	54,408.01
2	Current assetsInventories		19,345.38	12,347.71
	Contract Assets		1,842.65	9:27
	Financial AssetsLoans		129,06	82.84
	Trade receivables		7,601.12	7,753.76
	Cash and cash equivalentsOther bank balances		3,513.94270.96	62.37287.66
	Other financial assets		824.95	1,363.92
	Other current assetsSub-total-Current assets (B)		1,237.1234,765.18	1,347.9823,255.51
	Total Assets (A+B)		87,465.66	77,663.52
B	Equity and liabilities
1	EquityEquity share capital		3,983.25	3,983.25
	Other equity		54,888.42	48,192.10
	Total equity (A)		58,871.67	52,175.35
	LiabilitiesNon-current liabilities
2	Financial liabilities
	BorrowingsLease Liabilities		-600.06	5,077.07730,39
	Other financial liabilities		142.69	128.97
	Long term provisionsDeferred government grants		1,768.961,411.78	1,325.941,463.49
	Sub-total-Non-current liabilities (B)		3,923.49	8,725.86
3	Current liabilities
	Contract Liabilities		1,833.09	778.54
	Financial liabilitiesBorrowings		-	7,561.95
	Lease Liability		155.12	5.66
	Trade payables-Total outstanding due of micro and small enterprises		152.09	28.48
	-Total outstanding due of other creditors other than micro
	and small enterprisesOther financial liabilities		17,326.211,393.95	3,606.871,676.34
	Deferred government grants		141.34	295.79
	Short term provisionsOther current liabilities 7	SSTRIEN	2,244.781,423.92	2,560.60248.08
	Sub-total-current liabilities (C)	SSey	24,670.50	16,762.31
	Total-Equity and Liabilities (A+B+C)	7oN&Sy>lo=}\	37,465.66	77,663.52

STATEMENT OF STANDALONE ASSETS AND LIABILITIES AS AT MARCH 31, 2021

STANDALONE CASH FLOW STATEMENT

STANDALONE CASH FLOW STATEMENT
	For the year ended	(Rs. in Lakhs)For the year ended
ParticularsA. Cash flow from operating activities	Mar 31,2021	March 31, 2020
Profit before tax	10,265.11	6,855.49
Adjustments to reconcile profit before tax to net cash flows:Depreciation and amortization expenses	3,399.35	3,879.87
Loss/(Gain) on sale of property, plant and equipmentFinance cost	61.34583.53	19.431,482.71
Finance income	(141.50)	(208.82)
Provision no longer required written backImpairment allowance for advances/trade receivable considered	(540.58)	(1,059.43)
doubtfulGovernment grant and export incentive income recognised	44.57(215.87)	57.95(295,79)
Provision for Government grant recoverableProvision for Contigency	396.71-	-404.08
Employee Stock Option ExpensesUnrealised foreign exchange loss (net)	66,18(194.81)	-149.66
Share in profit of limited liability partnershipOperating profit before working capital changes	(462.4113,261.62	(575.18)10,709.97
Changes in operating assets and liabilities:
Increase / (decrease) in trade payable and other current liabilities	16,600.10	(31,458.13)
Increase / (decrease) increase in provision (Non current &current)	470.25	(860.76)
Decrease in trade receivables(Increase) / decrease in inventories	142.75(6,997.67)	15,405.787,545.45
(Increase) / decrease in loans (Non current & current)Increase / (decrease) in financial liabilities (Non current &	(46.22)	50.35
current)(Increase) / decrease in other assets & other financial assets	13.72(911,07)	(129.26)1,189.26
Cash generated from operations	22,533.48	2,452.67
Income tax paid (net of refunds)Net cash from opearting activities	(2,382.55)20,150.93	(1,940.78)511.89
B. Cash flow from investing activitiesPurchase for property, plant and equipment (including initial
costs for ROU)	(2,678.36)	(8,290.58)
Proceeds from sale of property, plant and equipmentInvestment in fixed deposits	1,449.06(9.97)	46.33-
Loan given to subsidiary (Jai Suspensions Limited)Investment in subsidiaries	-(656.44)	(345.00)(2,275.56)
Withdrawal from share in capital of limited liability parmershipFixed deposits matured during the year	--	1,000.00248.65
Interest received (finance income)Net cash used in investing activities	24.05(1,871.66)	46.41(9,569.75)
C. Cash flow from financing activities
Proceeds from calls in arrear of partly paid equity shares
(including share premium)Dividend paid (including dividend distribution tax) and deposit to investor education	-(995.81)	0.25(4,081.69)
Payment of principal portion of lease liabilitiesProceeds from long term borrowings	(211.56)-	(266.40)5,491.08
Repayment of long term borrowings	(5,491.96)	-
(Repayment of) / Proceeds from short term borrowings (net)Interest paid	(7,561.95)(566.42	7,561.95(1,481.17)
Net cash flow (used in) / from financing activities	(14,827.70)	7,224.02
Net increase / (decrease)increasein cash and cashequivalents (A+B+C)	3,451.57	(1,833.84)
Cash and cash equivalents at the beginning of the year	62.37	1,896.21
Cash and cash equivalents at the end of the year	3,513.94	62.37
Components of cash and cash equivalents:
Cash in handBalances with scheduled banks	12.48	14.39
- On current account	3,501.463,513.94	47.9862.37

The above cash flow statement has been prepared under the " Indirect Method" as set out in Indian Accounting Standard-7 , "Statement of cash flow", ae CPE

Golf View Corporate Tower - B S.R. BaTLipor& Co. LLP Sector - 42, Sector Road Gurugram - 122 002, Haryana, India

Chartered Accountants ; me Tel: +91 124 681 6000

2nd & 3rd Floor

Independent Auditor's Report on the Quarterly and Year to Date Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

To The Board of Directors of Jamna Auto Industries Limited

Report on the audit of the Consolidated Financial Results

Opinion

We have audited the accompanying statement of quarterly and year to date consolidated financial results of Jamna Auto Industries Limited ("Holding Company") and its subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group") for the quarter and year ended March 31, 2021 ("Statement"), attached herewith, being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations").

In our opinion and to the best of our information and according to the explanations given to us and based on the consideration of the reports of the other auditors on separate audited financial statements/financial results/financial information of the subsidiaries, the Statement:

i. includes the results of the following entities:

	includes the results of the following entities:
	S.No. Name of the Entity	Nature
1:	Jamna Auto Industries Limited	Holding Company
2.	Jai Suspension System LLP	Subsidiary
3.	Jai Suspension Limited	Subsidiary
4.	Jai Automotive Components Limited Subsidiary

ii. are presented in accordance with the requirements of the Listing Regulations in this regard; and

iii gives a true and fair view in conformity with the applicable accounting standards, and other accounting principles generally accepted in India, of the consolidated net profit and other comprehensive loss and other financial information of the Group for the quarter and year ended March 31, 2021.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs), as specified under Section 143(10) of the Companies Act, 2013, as amended ("the Act'). Our responsibilities under those Standards are further described in the "Auditor's Responsibilities for the Audit of the Consolidated Financial Results" section of our report. We are independent of the Group in accordance with the 'Code of Ethics' issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us and other auditors in terms of their reports referred to in "Other Matters" paragraph below, is sufficient and appropriate to provide a basis for our opinion.

S.R. BATuBOI & Co. LLP Chartered Accountants

Emphasis of Matter

We draw attention to Note 7 to the consolidated financial results, which describes the uncertainties and the management's assessment of the impact of COVID-19 pandemic on the Group's opcrations, assets, cash flows and financial results, which is highly dependent on future developments and circumstances as they evolve. Our opinion is not modified in respect of this matter.

Management's Responsibilities for the Consolidated Financial Results

The Statement has been prepared on the basis of the consolidated annual financial statements. The Holding Company's Board of Directors are responsible for the preparation and presentation of the Statement that give a truc and fair view of the net profit and other comprehensive income and other financial information of the Group in accordance with the applicable accounting standards prescribed under section 133 of the Act read with relevant rules issued thercunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The respective Board of Directors of the companies included in the Group are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Group and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement 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 Statement by the Directors of the Holding Company, as aforesaid. In preparing the Statement, the respective Board of Directors of the companies included in the Group are responsible for assessing the ability of the Group to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so.

The respective Board of Directors of the companies included in the Group are also responsible for overseeing the financial reporting process of the Group.

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

Our objectives are to obtain reasonable assurance about whether the Statement as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is 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 the Statement.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

• eIdentify and assess the risks of material misstatement of the Statement, whether due to fraud or error, desi gn. and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
• ¢ Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
• e and Evaluate related the disclosures appropriateness made by of the accounting Board of policies Directors. used and thg%f ;

S.R. BATLIBOI & Co. LLP Chartered Accountants

• e 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 may cast significant doubt on the ability of the Group 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 Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group to cease to continue as a going concern.
• e Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represent the underlying transactions and events in a manner that achieves fair presentation.
• ® Obtain sufficient appropriate audit evidence regarding the financial results/financial information of the entities within the Group of which we are the independent auditors to express an opinion on the Statement. We are responsible for the direction, supervision and performance of the audit of the financial information of such entities included in the Statement of which we are the independent auditors. For the other entities included in the Statement, which have been audited by other 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.

We communicate with those charged with governance of the Holding Company and such other entities included in the Statement of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

We also performed procedures in accordance with the Circular No. CIR/CFD/CMD 1/44/2019 dated March 29, 2019 issued by the Securities Exchange Board of India under Regulation 33 (8) of the Listing Regulations, to the extent applicable.

Other Matters

The accompanying Statement includes the audited financial results and other financial information, in respect of three subsidiaries, whose financial results include total assets of Rs 10,540.85 Lakhs as at March 31, 2021, total revenues of Rs 6,481.81 Lakhs and Rs 13,230.43 Lakhs, total net profit after tax of Rs. 125.69 Lakhs and Rs. 156.76 Lakhs, total comprehensive income of Rs. 139.49 Lakhs and Rs. 171.23 Lakhs, for the quarter and the year ended on that date respectively, and net cash inflows of Rs. 275.32 Lakhs for the year ended March 31, 2021, as considered in the Statement which have been audited by their respective independent auditors.

The independent auditor's report on the financial statements/financial results/financial information of these entities have been furnished to us by the Management and our opinion on the Statement in so far as it relates to the amounts and disclosures included in respect of these subsidiaries is based solely on the reports of such auditors and the procedures performed by us as stated in paragraph above.

Our opinion on the Statement is not modified with respect to our reliance on the work done and the reports of the other auditors and the financial results and other financial information certified by the Management.

SR. BATLIBOI& Co. LLP

Chartered Accountants

The Statement includes the results for the quarter ended March 31, 2021 being the balancing figures between the audited figures in respect of the full financial year ended March 31, 2021 and the published audited year-to-date figures up to the end of the third quarter of the current financial year, which was subjected to a limited review by us, as required under the Listing Regulations.

For S.R. BATLIBOI & Co. LLP Chartered Accountants ICAI Firm Registration Number: 301003E/E300005

mit Gupta ° Partner Membership No.: 501396 UDIN: 21501396AAAABC2261

Place: Faridabad Date: May 31, 2021

Sector - 42, Sector Road s R. BATL IBO] & Co. L L P Gurugram - 122 002, Haryana, India Chartered Accountants Tel: +91 124 681 6000

2nd & 3rd Floor Golf View Corporate Tower - B

Independent Auditor's Report on the Quarterly and Year to Date Audited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

To The Board of Directors of Jamna Auto Industries Limited

Report on the audit of the Standalone Financial Results

Opinion

We have audited the accompanying statement of quarterly and year to date standalone financial results of Jamna Auto Industries Limited (the "Company") for the quarter and year ended March 31, 2021 ("Statement"), attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations").

Tn our opinion and to the best of our information and according to the explanations given to us, the Statement:

• i. is presented in accordance with the requirements of the Listing Regulations in this regard; and ii. gives a true and fair view in conformity with the applicable accounting standards and other accounting principles generally accepted in India, of the net profit and other comprehensive loss and other financial information of the Company for the quarter and year ended March 31, 2021.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013, as amended ("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 Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our opinion.

Emphasis of Matter

We draw attention to Note 8 to the standalone financial results, which describes the uncertainties and the management's assessment of the impact of COVID-19 pandemic on the Company's operations, assets, cash flows and financial results, which is highly dependent on future developments and circumstances as they evolve. Our opinion is not modified in respect of this matter.

Management's Responsibilities for the Standalone Financial Results

The Statement has been prepared on the basis of the standalone annual financial statements. The Board of Directors of the Company are responsible for the preparation and presentation of the Statement that gives a true and fair view of the net profit and other comprehensive profit of the Company and other financial information in accordance with the applicable accounting standards 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 Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuringe®fe-aeeuracy and completeness of the accounting records, relevant to the preparation and presentation of the b io Wive a true and fair view and are free from material misstatement, whether due to fraud or error. \

SR. BaTLiBol & Co. LLP

Chartered Accountants

In preparing the Statement, the Board of Directors are responsible for assessing the Company's ability 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 intends to liquidate the Company or to 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 Statement as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is 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 the Statement.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

• e Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
• © Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
• e Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
• © 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 may cast significant doubt on 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 financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.
• e Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether . the Statement represents the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

SR. Batibo & Co. LLP

Chartered Accountants

Other Matter

The Statement includes the results for the quarter ended March 31, 2021 being the balancing figure between the audited figures in respect of the full financial year ended March 31, 2021 and the published audited year-to-date figures up to the third quarter of the current financial year, which was subjected to a limited review by us, as required under the Listing Regulations.

For S.R. BATLIBOI & Co. LLP Chartered Accountants ICAI Firm Registration Number: 301003E/E300005

per Amif/Gupta ' Partner Membership No.: 501396 UDIN: 21501396AAAABD8379

Place: Faridabad Date: May 31, 2021

May 31, 2021

To, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400001 Maharashtra

To, National Stock Exchange of India Limited Exchange Plaza, Plot no. C/1, G Block, Bandra-Kurla Complex, Bandra (E) Mumbai - 400 051, Maharashtra BSE Code: 520051 NSE Code: JAMNAAUTO

Subject– Declaration regarding audit report with unmodified opinion

Dear Sir/Madam,

Pursuant to the circular issued by SEBI vide no. CIR/CFD/CMD/56/2016 dated 27th May, 2016, we do hereby declare that M/s. S. R. Batliboi & Co; LLP, Statutory Auditors of the Company has issued the Auditors Report on audited financial results (standalone and consolidated) for the year ended March 31, 2021 with unmodified opinion.

Kindly take the above information on record and oblige.

Thanking You,

Yours Faithfully,

For Jamna Auto Industries Limited

Shakti Goyal Chief Financial Officer

Jamna Auto Industries Ltd.

Jamna Auto Industries Limited Press Release Q4 FY21 Results

Highlights for the Q4FY21:

e	Net Sales : INR 484Crores	(Up 41% QoQ, Up 104% YoY)
e	EBIDTA: INR 75 Crores	(Up 43% QoQ, Up 131% YoY)
e	PBT: INR 64 Crores	(Up 53% QoQ, Up 223% YoY)
e	PAT: INR 48 Crores	(Up 58% QoQ, Up 330% YoY)

EBIDTA Margins up by 23 bps QoQ, Up 182 bps YoY PBT Margins up by 103 bps QoQ, Up 485 bps YoY

Highlights for the 12M FY21

e	Net Sales : INR 1079 Crores	(Down4% YoY)
e	EBIDTA:INR 142 Crores	9% YoY)(Up
e	PBT: INR 101 Crores	41% YoY)(Up
e	PAT: INR 73 Crores	52% YoY)(Up

EBIDTA Margins Up by 165 bps PBT Margins Up by 300 bps

Debt Position: The Company has become debt free as of 31" March 2021.

Cash Position: Surplus INR 41.1 Crore

Net Debt Position: INR (41.1) Crore

e The Company has able to achieve the same due to efficient working capital deployment and conserving cash accruals.

Jamna Auto Industries Ltd.

e Sales-Product Mix :

Mix :
	Q4 FY21	Fy'21	FY'20
Conventional Springs	64%	66%	68%
New Products	36%	34%	32%
Total	100%	100%	100%
	Q4 FY21	FY'21	FY'20
OEM	77%	71%	76%

e Sales-Market Mix:

Mix :
	Q4 FY21	Fy'21	FY'20
Conventional Springs	64%	66%	68%
New Products	36%	34%	32%
Total	100%	100%	100%
	Q4 FY21	FY'21	FY'20
OEM	77%	71%	76%
New Markets	23%	29%	24%

Commentary:

M&HCV production in FY'21 Decreased by 23% YoY to from 233,979 units in FY'20 to 181,303 in FY'21 (source: SIAM data).

Other Communication: The Board has recommended final dividend of Rs. 0.50 per equity share subject to approval of members of the Company. The Company has already paid an interim dividend of Rs. 0.25 per share during FY'21. The total dividend payout would be Rs 0.75 per equity share (41% pay-out on 12 month's period) for the FY'21.

Cautionary Statements: Statements in this Press Release describing the company's objections, projections, estimates, expectations or predictions may be forward looking statements within the meaning of applicable securities laws and regulations. Actual results could differ materially from those expressed or implied. Important factors that could make a difference to the company's operations include demand supply conditions, raw material and other input prices, cyclical demands and pricing in the markets, change in government regulations, tax regimes, economic development/conditions in the country and other factors such as litigation and labor negotiations.

The company assumes no responsibility to publicly amend, modify or revise any forward looking statement on the basis of any subsequent development, information or events or otherwise.

About Jamna Auto Industries Ltd (BSE code: 520051) (NSE code: JAMNAAUTO)

Jamna Auto Industries is India's market leader in automotive suspension solutions. We are the second largest player in the world in multi-leaf springs. The manufacturing facilities are located at Yamuna Nagar (Haryana), Chennai (Tamil Nadu), Hosur (Tamil Nadu), Pillaipakkam (Tamil Nadu), Malanpur (Madhya Pradesh), Pune (Maharashtra) and Jamshedpur (Jharkhand) and a plant at Pant Nagar (Uttarakhand) of Jai Suspension Systems LLP, in which Jamna Auto is a major partner.

For Further Information please contact: Mr. Shakti Goyal CFO Email: sgoyal @jaisprings.com Jamna Auto Industries Limited