JHS Svendgaard Laboratories Ltd. — Interim / Quarterly Report 2021

Nov 3, 2020

November 03, 2020

The National Stock Exchange of India Limited BSE Limited Exchange Plaza", 5th Floor, Phiroze Jeejeebhoy Towers, Plot No, C/1, G Block, Dalal Street, Bandra-Kurla Complex, Bandra (East), MUMBAI - 400 001 MUMBAI — 400 051 Scrip Code: 532771 NSE Symbol: JHS

Sub: Outcome of Board Meeting held on November 03, 2020 and Un-Audited Financial Results (Standalone _& Consolidated) for the Quarter_& Half _Year_ended September 30, 2020 with Limited Review Reports thereon

Pursuant to Regulation 30 and 33 read with Schedule Ill of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Board of Directors of JUS SVENDGAARD LABORATORIES LTD ('the Company'), at their meeting held today, i.e. on November 03, 2020 (commenced at 12:00 PM and concluded at o< 4S PM), has, inter- alia, approved the Standalone & Consolidated Un-Audited Financial Results (UFRs) for the quarter & half year ended on September 30, 2020 and taken on record the Limited Review Reports (LRRs) on such UFRs.

Copies of duly such signed UFRs (Standalone and Consolidated) for the quarter & half year ended on September 30, 2020 along with the LRRs thereon are enclosed herewith as Annexure A.

Further, the aforesaid information is also being made available on the website of the Company at www.svendgaard.com.

We request you to kindly take the same on record.

Thanking You,

IDGAARD LABORATORIES LIMITED

| v ? Registered Office. : Trilokpur Road, Kheri (Kala-Amb), Tehsil-Nahan, Distt. Sirmour, Himachal Pradesh - 173030, INDIA | if \ Tel. : +91-1702-302119/121/102 - Fax : +91-1702-302125

S.N.Dhawan & CO. LLP

Chartered Accountants

Limited Review Report on Unaudited Standalone Financial Results for the Quarter and Half year Ended 30 September 2020

To the Board of Directors of JHS Svendgaard Laboratories Limited

• 1. We have reviewed the accompanying statement of unaudited standalone financial results of JHS Svendgaard Laboratories Limited ('the Company') for the quarter and half year ended 30 September 2020 ("the Statement'') attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India ("the SEBI'") (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
• 1. This Statement which is the responsibility of the Company's Management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 'Interim Financial Reporting' (Ind AS 34'), prescribed under Section 133 of the Companies Act, 2013 ("the Act') read with relevant Rules issued thereunder; as applicable and other accounting principles generally accepted in India. Our responsibility is to issue a report on the Statement based on our review.
• 1. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to mquiries of Company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
• 1. 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 aforesaid Ind AS and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For S.N. Dhawan & Co LLP Chartered Accountants Firm Registration No.: 000050N /N500045

SURINDER Digitally signed by SURINDER KUMAR KUMAR KHATTAR Date: 2020.11.03 KH ATTA R 13:56:13 +05'30'

S. K. Khattar Partner M. No. 084993 UDIN 20084993AAAABRA8485 Place: New Delhi Date: 03 November 2020

421, Il Floor

Office: Trilokpur Road, Kheri (Kala-Amb), Tehsil Nahan, Distt. Sirmour, Himachal Pradesh - 173030, INDIA CIN-L24230HP2004PLC027558

Regd.

STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPT 30, 2020

	(0.08)	0.15	(0.33)	0.25	(b)Diluted(Rs.)
	(0.08)	0.15	(0.33)	0.25	(a)Basic(Rs.)
					Earningsperequityshare	12
	-	-	-	-	Resheetserveofprexevclioudusinagccreouvantluinatgionyearreservesasperbalance	11
	6,090.05	6,090.05	6,090.05	6,090.05	Rs. Pa1id-0/-up)equitysharecapital(Facevaluepershare	10
)	(49.73	89.74	(198.67)	148.92	Totalcomprehensiveincomefortheperiod(7+8)	9
	-	-	-	-	pro-Ifitncomorelostaxsrelatingtoitemsthatwillbereclassifiedto!
	-	-	-	-	-Itemsthatwillbereclassifiedtoprofitorloss	(b)
0	0.3	(0.52)	0.15	0.14	to-Inprocomfiteortaxlosrelsatingtoitemsthatwillnotbereclassified
	(1.06)	1.87	(0.53)	(0.53)	-Itemsthatwillnotbereclassifiedtoprofitorloss	(a)
					Othercomprehensiveincome	8
)	(48.96	88.39	(198.29)	149.31	NetProfit/(loss)fortheperiod(5-6)	7
	-	-	-	-	Taxforearlieryears
	33.06	49.93	(15.69)	48.75	DeferredTax
	-	30.18	-	-	CurrentTax
					Taxexpense/(income)	6
)	(15.90	168.50	(213.97)	198.06	_ Profit/(loss)beforetax(3+4)	5__
	-			-	Exceptionalitems	4
)	(15.90	168.50	(213.97)	198.06	Profit/(loss)beforeexceptionalitemsandtax(1-2)	3
5,7	4,855.47	3,408.01	1,992.72	2,862.77	Totalexpenses
	721.54	397.20	195.17	526.37	(g)Otherexpenses.
	279.45	187.98	138.88	140.57	(f)Depreciationandamortisationexpenses
	22.92	52.97	11.91	11.01	(e)Financecosts
	316.07	219.33	124.30	191.77	(d)Employeebenefitsexpense
	168.81	144.63	160.07	8.74	pro(c)greChssangeandsstoinck-invin-enttraorideesoffinishedgoods,work-in-
	88.55	-	26.78	61.77	(b)Purchasesofstock-in-trade
3,9	3,258.13	2,405.90	1,335.61	1,922.52	(a)Costofmaterialsconsumed
					Expenses	2_
6,0	4,839.57	3,576.51	1,778.75	3,060.83	Totalincome
	192.25	163.81	167.30	24.95	(b)Otherincome
5,7	4,647.32	3,412.70	1,611.45	3,035.88	(a)Revenuefromoperations
					Income	1__
EndeUndau201di30t	EndUnedHaau3lf202di0thYe0teSardept	Qu30tUnarhauteSepdir2teEnd019de d	30tQuUnarhauteJudirnete2Endde02d 0	Qu30tUnarhauteSepdir2teEnd020ded	Particulars	S.No.

• Notes: The above unaudited standalone financial results have been reviewed by the Audit Committee and approved by the Board of Directors of the Company in the respective meetings held on 3rd November, 2020. The same have been reviewed by the Statutory Auditors of the Company as required under Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure requirements) Regulation,2015.
• In line with the provisions of Ind AS 108 - Operating Segments and on the basis the review of operations being done by the Management, the operations of the Company fall under Manufacturing of Oral Care products, which is considered to be the only reportable segment by the management.
• The Company has entered into tripartite agreement to settle its export outstanding dues with one of its customer. Simultaneously, during the half year ended 30th September, 2020 Company has received the goods amounting to Rs 1,917.15 Lakhs and given to the third party as per tripartite agreement at a consideration of Rs 1,955.49 Lakhs. The Company has taken necessary permission from the concerned bank to adjust the outstanding export dues against the goods received. Accordingly, the net consideration of this transaction amounting to Rs. 38.34 Lakhs has been shown in other income.
• As a result of the nationwide lockdown imposed by the Government of India due to outbreak of Covid-19 pandemic, the business operations of the Company were temporarily disrupted at its facilities with reference to sales, marketing, personnel, warehouses and distribution locations. The operations of the Company have been resumed in line with the Government of India directives issued in this regard. The Management has assessed that there is no material impact on the business operations. Further, the management has also evaluated its liquidity position, recoverability of its assets based on current estimates and expects that the carrying amount of these assets will be recovered. The Company will continue to closely monitor any material changes to future economic conditions considering the uncertainty involved.
• ww The Company had applied Ind AS 116 - Leases (applicable from April 01, 2019), using the modified retrospective approach.The expense towards such leases is now recorded as depreciation on Right of Use Assets and finance cost on lease liability, instead of rent expense. Interest amounting to Rs 14.10 lakhs and Depreciation amounting to Rs 12.33 lakhs have been charged in the Statement pf Profit & Loss Account, instead of rent expense of Rs 16.25 lakhs.
• Pursuant to approval of shareholders by way of special resolution in accordance with section 42 & 62 of the Companies Act, 2013 and Rules made thereunder and as per SEBI (ICDR) Regulations, 2018 the Company approved preferential allotment of 40,00,000 fully convertible warrants of Rs.10 each at an issue price of Rs.20 per warrant.The Company has received Rs 200 lacs being 25% upfront money towards conversion of these warrants and same has been shown under Money Received against Share warrants till 30th september 2020.
• Figures for the previous quarters/years have been regrouped and reclassified to conform with current quarter/year presentation, where ever applicable.

By Order of the Board. x Labo, & Managing

Place : New Delhi Direct Date : 03 November, 2020 DIN 0005150hW? :

22,908.71	23,901.59	Totalequityandliabilities
4,758.91	5,608.98	Totalliabilities
4,433.19	5,264.41	Totalcurrentliabilities
168.36	168.36	(c)Provision
195.57	63.95	(b)Othercurrentliabilities
540.04	2,827.56	(iii)Otherfinancialliabilities
10.46	14.38	(iii)LeaseLiabilities
		andsmallenterprises
3,179.83	1,882.67	-totaloutstandingduesofcreditorsotherthanmicro
		enterprises
338,92	307.50	-totaloutstandingduesofmicroandsmall
		(ii)Tradepayables
-	%	(i)Borrowings
		(a)Financialliabilities
		Currentliabilities
325.72	344.57	Totalnon-currentliabilities
-	-	(c)Othernon-currentliabilities
110.33	123.99	(b)Provisions
179.83	170.93	(ii)Leaseliabilities
35:57	49.65	(i)Borrowings
		(a)Financialliabilities
		Non-currentliabilities
		Liabilities
18,149.80	18,292.61	Totalequity
-	200.00	(c)MoneyReceivedagainstSharewarrants
12,059.75	12,002.56	(b)OtherEquity
6,090.05	6,090.05	(a)EquityShareCapital
		Equity
		EQUITYANDLIABILITIES:
22,908.7	23,901.59	Totalassets
11,495.53	10,566.59	Totalcurrentassets
11.42	11.42	(d)Assetsclassifiedasheldforsale
957.56	990.41	(c)Othercurrentassets
	-	(c)Othernoncurrenttaxassets
137.33	142.12	(vi)OtherFinancialAssets
266.64	266.41	(v)Loans
24.62	37.03	(iv)Bankbalancesotherthan(iii)above
26.67	222.61	(iii)Cashandcashequivalents
9,530.77	7,993.35	(ii)Tradereceivables
230.66	-	(i)Investments
		(b)FinancialAssets
309.86	903.24	(a)Inventories
		Currentassets
11,413.18	13,335.00	Totalnon-currentassets
2,636.83	2,751.35	(h)Othernon-currentassets
765.52	736.10	(g)DeferredTaxAssets(net)
75.08	75.50	(f)Non-currenttaxassets(net)
22.70	4.22	(iii)Others
11.00	35.78	(ii)Loans
1,421.00	1,421.00	(i)Investments
		(e)FinancialAssets
0.56	0.41	(d)OtherIntangibleassets
174.41	159.93	(c)Right-of-useassets
697.97	2,740.89	(b)Capitalwork-in-progress
5,608.11	5,409.82	(a)Property,plantandequipment
		Non-currentassets
Audited		ASSETS
	Unaudited	Particulars
2020	2020
[Asat31stMarch	Asat30thSep	StandaloneStatementofAssetsandLiabilities

STATEMENTOFSTANDALONECASHFLOWSFORTH	EHALFYEARENDED30thSE	PTEMBER,2020	(2inlakhs)
Particulars	30HalSe(UfptnaemYeudarbeiter,ednd)20ed20	31Ye(AuMaarrcditeh,ed)nd20ed20	30HalSe(UyptnaYeemudarbeiterednd)20ed19
CashFlowfromOperatingActivities
Profitbeforeexceptionalitemsandtax	(15.90)	1242.78	241.97
Adjustmentsfor:
Provision/write-backforinventory(net)	-	(54.73)	(114.34)
DepreciationandAmortization	279.45	742.97	372.78
LossondisposalofPropertyPlantandEquipment(Net)	-	1.89	1.03
Interestincome	(8.20)	(43.24)	(41.38)
IntGoveangrniblmeentassgetsranutndeamorrtidezavetiloonpment	(1.50)	(3.00)	(1.50)
Advance/balanceswrittenoffwrittenoff	--	(9.:79)	0.1-8
InterestandfinanceCharges	22.92	136.12	83.43
TDSWrittenoff(Otherexpenses)	9.07	(2.95)	-
NetgainonfinancialassetmandatorilymeasuredatFVTPL	-	(17.68)	(7.96)
Exchange(gain)/loss(net)	50.53	(615.98)	(74.22)
Fairvalueadjustments	(0.32)	(33.86)	4.12
Operatingprofitbeforeworkingcapitalchanges	336.05	1,342.55	461.11
Adjustmentsfor:
(Increase)/Decreaseininventories	(593.38)	458.50	(637.42)
(Increase)/Decreaseintradereceivables	1,486.88	(3,306.43)	(36.11)
(Increase)/DecreaseinCurrentLoans	(11.24)	373.64	(61.76)
(i(Incncrereasase)e)/D/DececrereasaseeininAssOtheetrHelCurdrenfortSAssaleets	(33.95-)	756(7..9703)	399.66=
Investmentinbankdeposits	(12.42)	1.29	1.86
(Increase)/DecreaseinOtherCurrentFinancialassets	(4.79)	180.55	191.67
(Increase)/DecreaseinNoncurrentLoans	(23.33)	0.00	(0.71)
inc(Increarese/ase)/(deDeccrereaasese)ininOthOtherernoCun-rrcuenrrtentassets	609.59	1,291.86	650.20
Increase/(decrease)inTradepayablesFinancialLiabilities	(1,328365.59.81)	1,2(1265.0.1187)	(14.72)
Increase/(decrease)inLeaseLiabilities(Current)	3.92	10.45	(249.2-6)
Increase/(decrease)inShorttermprovisions	(1.06)	1.63	3.75
Increase/(decrease)inLongtermprovisions	13.66	29.34	9.96
Increase/(decrease)inNonCurrentfinancialliabilities	30.10	218.83	185.10
IncCasreahse/(used)(defcreroasem)operinatOtiohensrCurrentliabilities	70(135.1.6622)	2,560.63.7357	1,031292..4680
TaxesPaid	(0.41)	16.50	24.12
Cashflowfromexceptionalitems
Lossonassetheldforsale	=	(1,063.69)	-
Netcashgenerated/(used)fromoperatingactivities	705.21	1,513.54	1,056.92
CashFlowfromInvestingActivities
PurchaseofPropertyPlantandEquipment	(757.80)	(833.82)	(934.00)
Right-of-use	(14.48)	174.41	>
PrPrococeeeedsdsffromromMsaleutuoalffunPropdsertyPlantandEquipment	=	2.83	2.83
Investmentsinsubsidiarycompanies	230.66-	(1551.0.0800)	(1550.0.0530)
Interestincomereceived	8.20	73.28	41.38

Change in Other bank balance and cash not available for immediate use 6.06 0.75 1.36 Net Cash generated/(used) in investing activities (527.36) (676.12) (987.90)

C.	CashFlowfromFinancingActivities
	Proceedsfrom/(repaymentof)longtermborrowings
	Proceedsfrom/(repaymentof)shorttermborrowings
	Moneyreceivedagainstsharewarrant
	Repaymentofleaseliabilities
	Interestandfinancialcharges
	Netincreasefromfinancingactivities

Net Increase/(decrease) in cash and cash equivalents Opening balance of cash and cash equivalents Closing balance of cash and cash equivalents

Components of cash and cash equivalents as at end of the year

Cash on hand Balances with banks

on current account

in term deposits with original maturity of 3 months or less and bank balance

Cash

222.61	2.10	209.21	11.30	222.61	26.67	195.94	18.10	(55.06)	(39.00)	200.00	:	(87.84)
26.67	2.05	18.11	6.51	26.67	34,15	(7.48)	(844.90)	(168.26)	(39.00)	-	(500.00)	(137.64)
13.41	2.02	10.15	1.24	13.41	34.15	(20.74)	(89.76)	(75.94)	=	-	-	(13.82)

S.N.Dhawan & CO. LLP

Chartered Accountants

Limited Review Report on Consolidated Unaudited Financial Results for the Quarter and Half year Ended 30 September 2020

To the Board of Directors of JHS Svendgaard Laboratories Limited

• 1. We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of JHS Svendgaard Laboratories Limited ("the Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group"), for the quarter and half year ended 30 September 2020 ('the Statement"), being submitted by the Parent pursuant to the requirement of Regulation 33 of the Securities and Exchange Board of India ("the SEBI') (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
• 1. This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 'Interim Financial Reporting' ("Ind AS 34'), prescribed under Section 133 of the Companies Act, 2013, read with relevant rules issued thereunder, as applicable and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
• 1. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accountmg matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.

	Srno. Name of Entities	Relationship
1	JHS Svendgaard Brands Limited (formerly known as Subsidiary
	JHS Svendgaard Dental Care Limited),
2	JHS Svendgaard Mechanical and Warehouse Private Subsidiary
	Limited
3	JHS Svendgaard Retail Ventures Private Limited	Subsidiary

1. The Statement includes the results of the following entities:

• 1. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Ind AS and other accounting principles generally accepted m India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.
• 1. We did not review the interim financial statements of three subsidiaries included in the Statement, whose interim financial statements reflect total assets of Rs. 4267.35 lakhs as at 30 September 2020 and total revenues of Rs. 167.60 lakhs and Rs. 240.10 lakhs, total net loss after tax of Rs. 60.37 lakhs and Rs. 106.77 lakhs and total comprehensive loss of Rs. 59.14 lakhs and Rs. 104.31 lakhs for the quarter and half year ended 30 September 2020, respectively, and cash flows (net) of Rs. 58.75 lakhs for the half year ended 30 September 2020, as considered in the Statement. These interim financial statements have been reviewed by other auditors whose reports have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based solely on the reports of the other auditors and the procedures performed by us as stated in paragraph 3 above.

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

For S.N. Dhawan & Co LLP Chartered Accountants Firm Registration No.: 000050N/N500045

SURINDER Digitally signed by SURINDER KUMAR KHATTAR KUMAR KHATTAR ate: 2020.11.03 13:55:13 +0530"

S.K. Khattar Partner Membership No.: 084993 UDIN 20084993A A AAEB9347

Place: New Delhi Date: 03 November 2020

STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2020

	JHS SVENDGAARD LABORATORIES LIMITED
	Regd. Office: Trilokpur Road, Kheri (Kala-Amb), Tehsil Nahan, Distt. Sirmour, Himachal Pradesh - 173030, INDIA		CIN-L24230HP2004P LC027558
	STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED
			SEPTEMBER 30, 2020
		Quarter	Quarter	Quarter	Half year	Half year Ended Year Ended	(Rs in lakhs)
			Ended 30th Ended 30th Ended 30th	September June 2020 Sept 2019 September	Ended 30	30 September	31st March
S.No.	Particulars	2020			2020	2019	2020
			Unaudited Unaudited Unaudited		Unaudited	Unaudited	Audited
1.	Income(a) Revenue from operations	3,166.95	1,677.34	3,573.77	4,844.29	6,109,25	13,911.42
	(b) Other income	44.18	195.79	198.43	239.97	367.05	1,383.50
	Total income	3,211.13	1,873.13	3,772.20	5,084.26	6,476.30	15,294.92
2	Expenses
	(a) Cost of materials consumed(b) Purchase of stock-in-trade	1,922.53119.05	1,335.6132.36	2,405.9091.86	3,258.14151.41	3,993.91182.36	9,496.24336.85
	(c) Changes in inventories of finished goods,work-in-progress and stock-in-trade	17.09	197.43	113.16	214.52	154,79	130.07
	(d) Employee benefits expense(e) Finance Costs	238.2030.29	162.1432.51	344.3662.40	400.3462.80	668.82108.99	1,343.57195,25
	(f) Depreciation and amortisation expense	189.66	190.57	217.10	380.23	426.00	876.07
	(g) Other expenses	574.77	241.40	635.50	816.17	1,140.68	2,437.48
	Total expensesProfit / (Loss) before exceptional Items	3,091.58119.55	2,192.02(318.89)	3,870.29	5,283.61(199,35)	6,675.55(199.25)	14,815.53479,39
3	land tax (1-2)			(98.09):
4	{Exceptional items	-	-	-	-	i	(1,063.69)
56	Profit / (Loss) before tax (3+4) Tax expense/(income)	119.55	(318.89)	(98.09)	(199.35)	(199,25)	(584.30)
	Current Tax	-	-	30.18	-	40,39	180.87
	Deffered Tax	30.94	(68.66)	66.00	(37.72)	31.30	(253.28)
7	Tax for earlier years Net Profit / (Loss) for the period (5-6)	-88.60	-(250.23)	-(194,27)	-(161.63)	*(270.94)	(26.39)(485.50)
§	Other comprehensive income
(a)	-Items that will not be reclassified to profit	1.13	1.12	2.42	2.25	4.84	4.50
	or loss-Income tax relating to items that will not	(0,29)	(0.28)	(0.67)	(0.57)	(1.33)	(1.13)
(b)	be reclassified to profit or loss-Items that will be reclassified to profit or	-	-	-	-	-	-
	loss-Income tax relating to items that will be
	reclassified to profit or loss	-	-	-	-	-	-
9	Total comprehensive income (7+8)Net profit attributable to:	89.45	(249,39)	(192.52)	(159.94)	(267.43)	(482.13)
	Owners of the Company	97.81	(251.88)	(54.48)	(154.07)	(83.21)	(197.91)
	Non-controlling interest	(9.20)	1.65	(139.79)	(7.55)	(187.73)	(287.59)
	Other Comprehensive Incomeattributable to:
	Owners of the Company	0.20	0.24	1.52	0.43	3.13	1.01
	Non-controlling interestTotal Comprehensive Income	0.65	0.60	0.23	1.25	0.38	2.36
	attributable to:Owners of the Company
	Naiiseciieredting takerest	98.00(8.56)	(251.64)2.25	(52.96)(139.56)	(153.64)(6.30)	(80.08)(187.35)	(196.90)(285.23)
	Paid-up equity share capital ( Face value}	6,090.05	6,090.05	6,090.05	6,090.05	6,090.05	6,090.05
ae	per share Rs. 10/-)Reserve excluding revaluation reserves as						11,709.80
11	per balance sheet of previous accounting
12	year Earnings per equity share
	(a) Basic (Rs.)	0.16	(0.41)	(0.09)	(0.25)	(0.14)	(0.32)
	(b) Diluted (Rs.)	0.16	(0.41)	(0.09)	(0.25)	(0.14)	(0.32)

Notes:

• The above unaudited consolidated financial results have been reviewed by the Audit Committee and approved by the Board of Directors of the Company in the respective meetings held on 3rd November, 2020. The same have been reviewed by the Statutory Auditors of the Company as required under Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure requirements) Regulation,2015.
• The consolidated financials results of the Company include financials of three subsidiaries namely JHS Svendgaard Brands Limited (formerly known as JHS Svendgaard Dental Care Limited), JHS Svendgaard Mechanical and Warehouse Private Limited & JHS Svendgaard Retail Ventures Private Limited.The details of ownership is given as below :-

Exchange Board of India (Listing Obligations and Disclosure requirements) Regulation,2015.
as below :-
Particulars	September,	As on 30th As on 31stMarch,
	2020	2020
JHS Svendgaard Brands Limited *	45.56%	50.77%
JHS Mechanical and Warehouse Private}Limited	99.99%	99.99%
JHS Svendgaard Retail Ventures Private]	99.82%	99.82%
Limited
been made to enable users of financials instruments			for better undertanding of business of group.
Particulars	Quarter
				Half year
Segment Revenue

* JHS Svendgaard Brands Limited has been consolidated as per the requirement of Ind As 110" Consolidated financial statements " as it meets the criteria of "Contre] " definition as given in the standard .There are no changes except shareholding in the results as it was considered as subsidiary in earlier Quarter/Y ear.

In line with the provisions of Ind AS 108 - Operating Segments and on the basis the review of operations being done by the Management, The Following disclosures have been made to enable users of financials instruments for better undertanding of business of group.

					JHS SVENDGAARD LABORATORIES LIMITEDRegd. Office: Trilokpur Road, Kheri (Kala-Amb), Tehsil Nahan, Distt. Sirmour, Himachal Pradesh - 173030, INDIA
			CIN-L24230HP2004PLC027558
The above unaudited consolidated financial results have been reviewed by the Audit Committee and approved by the Board of Directors of the Company in the respective
meetings held on 3rd November, 2020. The same have been reviewed by the Statutory Auditors of the Company as required under Regulation 33 of the Securities andExchange Board of India (Listing Obligations and Disclosure requirements) Regulation,2015.
The consolidated financials results of the Company include financials of three subsidiaries namely JHS Svendgaard Brands Limited (formerly known as JHS Svendgaard
Dental Care Limited), JHS Svendgaard Mechanical and Warehouse Private Limited & JHS Svendgaard Retail Ventures Private Limited.The details of ownership is given
as below :-Particulars	As on 30th As on 31st
	September,	March,
	2020	2020
JHS Svendgaard Brands Limited *	45.56%	50.77%
JHS Mechanical and Warehouse Private}Limited	99.99%	99.99%
JHS Svendgaard Retail Ventures Private]	99.82%	99.82%
Limited
* JHS Svendgaard Brands Limited has been consolidated as per the requirement of Ind As 110" Consolidated financial statements " as it meets the criteria of "Contre] "definition as given in the standard .There are no changes except shareholding in the results as it was considered as subsidiary in earlier Quarter/Y ear.
In line with the provisions of Ind AS 108 - Operating Segments and on the basis the review of operations being done by the Management, The Following disclosures have
been made to enable users of financials instruments			for better undertanding of business of group.
Particulars	Quarter			Half year
	Ended 30th Quarter		Quarter		Ended 30 Half year Ended]	Year Ended
		September Ended 30th Ended 30th}			September 30September 31st March
	2020	June 2020 Sept 2019		2020	2019	2020
	3,035.88	LOLs	3,412.70	4,647.32	5,738.42	13,295.61
	114,0053.60	46.5925.91	210.7861.52	160.5979.51	520,78118.16	898.60
Segment RevenueManufacturing businessOther than manufacturingRetail businessLess:Inter segment revenue	(36.53)	(6.60)	(11.23)	(43.13)	(268.10)	263.69(546.47)
Segment ResultsManufacturing business.	149.31	(198.29)	88.39	(48.96)	135.00	176.99
Other than manufacturing	(18.02)	353:	(257.94)	(14.49)	(391.93)	(624.82
	(42.31)	(49.90)	(20,12)	(92.21)	(15,22)
						(23.04)
		23,901.59 21,744.98 21,985.31		23,901.59	21,985.31	22,908.71
	3,233.27	2,715.36	3,356.49	3,233.27	3,356.49	1,460.30
	1,034.06	1,089.66	833.59	1,034.06	833.59	1,197.81
	(2,753.84)	(2,736.21)	(2,878.54)	(2,753.84)	(2,878.54)
						(1,475.17)
	5,608.98	3,801.46	3,873.27	5,608.98	3,873.27	4,758.91
Retail businessSegment AssetsManufacturing businessOther than manufacturingRetail businessLess:Inter segment assetsSegment LiabilitiesManufacturing businessOther than manufacturingRetail business	1,983.02516.69	1,598.24533.28	2,009.60237.78	1,983.02516.69	2,009.60237,78	1,630.63603.51

The Company has entered into tripartite agreement to settle its export outstanding dues with one of its customer. Simultaneously, during the half year ended 30th September, 2020 Company has received the goods amounting to Rs 1,917.15 Lakhs and given to the third party as per tripartite agreement at a consideration of Rs 1,955.49 Lakhs. The Company has taken necessary permission from the concerned bank to adjust the outstanding export dues against the goods recetved. Accordingly, the net consideration of this transaction amounting to Rs. 38.34 Lakhs has been shown in other income.

As a result of the nationwide lockdown imposed by the Government of India due to outbreak of Covid-19 pandemic, the business operations of the Group were temporarily disrupted at its facilities with reference to sales, marketing, personnel, warehouses and distribution locations. The operations of the Group have been resumed in line with the Government of India directives issued in this regard. The Management has assessed that there is no material impact on the business operations, Further, the management has also evaluated its liquidity position, recoverability of its assets based on current estimates and expects that the carrying amount of these assets will be recovered. The Group will continue to closely monitor any material changes to future economic conditions considering the uncertainty involved.

The Group had applied Ind AS 116 - Leases (applicable from April 01, 2019), using the modified retrospective approach.The expense towards such leases is now recorded as depreciation on Right of Use Assets and finance cost on lease liability, instead of rent expense. Interest amounting to Rs 53.19 lakhs and Depreciation amounting to Rs 93.645 lakhs have been considered in the Profit and Loss Account, instead of rent expense of Rs 34.25 lakhs.

Pursuant to approval of shareholders by way of special resolution in accordance with section 42 & 62 of the Companies Act, 2013 and Rules made thereunder and as per SEBI (ICDR) Regulations, 2018 the Company approved preferential allotment of 40,00,000 fully convertible warrants of Rs.10 each at an issue price of Rs.20 per

warrant. The Company has received Rs 200 lacs being 25% upfront money till 30th september 2020 and as shown under Money Received against Share warrants.

Figures for the previous quarters/years have been regrouped and reclassified to conform with current quarter/year presentation, where ever applicable,

Place : New Delhi Managing Di Date : 03 November, 2020 DIN : 0005154

Consolidated Statement of Assets and	As at 30th	As at 31st
	2020
Particulars		Audited
ASSETS
		5,720.87
(b) Capital work-in-progress	2,747.94	705.02
(c) Right-of-use assets	561.02	726.18
(d) Goodwill	110.69	110.69
(e) Intangible assets		5.66
	:	-121.08
(iii) Others	49.70	67.84
(g) Non-current tax assets (net)	75.55	75.08
(h) Deferred Tax Assets (net)	1,169.30	1,131.06
		2,405.8411,069.32
(a) Inventories	1,118.00	560.68
(b) Financial Assets
(i) Investments	482.81	602,59
		9,614.6067.98
		25.05
above
(v) Loans	410.02	404,95
(vi) Others	147.52	145,37
		0.04
		1,589.6511.42
		13,022.33
Total assets		24,091.65
(a) Equity Share Capital	6,090.05	6,090.05
(b) Other Equity	11,570.32	11,709.80
		-
		659.85
Total equity	18,664.42	18,459.70
Liabilities
		51.79
(ii) Lease Liabilities	551.97	613.13
(b) Provisions	137.18	122.30
	-	-787,22
Current liabilities
(a) Financial liabilities
(ii) Trade payables		-
- total outstanding dues of micro and	307.50	338.98
small enterprises
- total outstanding dues of	2,083.89	3,272.87
		161.29678.79
(b) Other current liabilities	123.75	223.47
(c) Provision	168.39	169.33
equityTotal liabilities	5,997.00	4,.844,73
	6,750.78	§,631,95
	LiabilitiesNon-current assets(a) Property, plant and equipment(f) Financial Assets(i) Investments(ii) Loans(i) Other non-current assetsTotal non-current assetsCurrent assets(ii) Trade receivables(iii) Cash and cash equivalents(iv) Bank balances other than (iii) (c) Current tax assets(d) Other current assets(e) Assets classified as held for saleCC"'(#;W tid' current assetsEQUITY AND LIABILITIES:Eauity(c )Money Received against Sharewarrants(d) Non-Controlling InterestsNon-current liabilities(a) Financial liabilities(i) Borrowings(c) Other non current liabilitiesTotal non-current liabilities(i) Borrowingscreditors other than micro andsmall enterprises(iii) Lease liabilities(ii) Other financial liabilitiesCota current liabilities	September March 2020Unaudited5,504.144.57142.072,524.4812,889.468,108.37322.6937.460.051,887.4111.4212,525.74 25,415.20 200.00804.0464.63753,782.74153.553,157.18

JHS SVENDGAARD LABORATORIES LIMITED STATEMENT OF CONSOLIDATED CASH FLOWS FOR THE HALF YEAR ENDED 30 SEPTEMBER, 2020

STATEMENT OF CONSOLIDATED CASH FLOWS FOR THE HALF YEAR ENDED 30 SEPTEMBER, 2020	JHS SVENDGAARD LABORATORIES LIMITED
	Half Year ended	Year ended	Half Year ended
Particulars	30 September	31 March,2020	30 September 2019
Cash Flow from Operating Activities	2020 (Unaudited)	(Audited)	(Unaudited)
Profit before exceptional items and tax	(199.35)	487.15	(199.25)
Adjustments for:
Provision/ write-back for inventory (net)		(54.73)	(114.34)
Depreciation and AmortizationLoss on disposal of Property Plant and Equipment (Net)	380.22	876,06	389.70
Interest income	-(15.72)	1.89(53.22)	4.03(45.94)
Government grant amortization	(1.50)	(3.00)	(1.50)
Intangible assets under development written offSecurity Deposit Interest income	-(6.51)	(9.79)2	2
Advance/balances written off	2	-	0.18
Interest Income- Ind AS AdjustmentsRe- measurment Gains	:	(12.98)2.58	4.50
Adjustment pertaining to Loan to shareholder	:(1.44)	(31.47)	:
Adjustment pertaining to Loan to corporatesSecurity deposit for advance rental as per Ind AS 109	1.12	(4.63)(5.98)
Ammortisation expense of security deposit	4,23	9.14	*
Gain on termination of lease	a	(5.95)	*
Interest and finance ChargesTDS Written off (Other expenses)	49.619.07	195.24(2.95)	93.89
Net gain on financial asset mandatorily measured at FVTPL	-	(17.68)	(10.54)
Exchange( gain)/loss (net)Fair value adjustments	49.73(0.32)	(616.11)(42.08)	(74.22)1.35
'Others	=	1.57	0,81
Other Consolidation AdjustmentOperating profit before working capital changes	272.47	7.73755.13	6,0851.75
Adjustments for :(Increase) / Decrease in inventories	(548.62)	399.44	(652.47)
(Increase)/Decrease in trade receivables	1,456.50	(3,351.51)	(105.55)
(Increase)/Decrease in Current Loans(Increase)/Decrease in Other Current Assets	(10.55)(335.43)	388.31486.25	(54.03)(97.97)
(Increase)/Decrease in Asset Held for Sale		(7,03)
Investment in bank deposits(Increase)/Decrease in Other Current Financial assets	(12.42)(1.89)	1.29178.41	1.86185.09
(Increase)/Decrease in Non current Loans	(23.60)	(95.75)	(83.85)
(Increase)/Decrease in Other non-current assets(Increase)/Decrease in Non-current Financial assets.	(723.27)	(27.11)	650.60(23.97)
Increase/ (decrease) in Other Current Financial Liabilities	-557.00	-(14.54)	196.59
Increase/ (decrease) in Trade payablesIncrease/ (decrease) in Lease Liabilities (Current)	(1,207.58)3.92	1,024.8210.45	(322.16)
increase/ (decrease) in Short term provisions	(2.02)	1.28	2.45
Increase/ (decrease) in Short term borrowingsIncrease/ (decrease) in Lease Liabilities	2.74	-4.04	192.61
Increase/ (decrease) in Long term provisions	-18.18	26.46	-
Increase/ (decrease) in Non Current financial liabilitiesIncrease/ (decrease) in Other Current liabilities	(41.51)1,248.39	723.911,575.37	293.24124.98
Cash (used) from operations	652.30	2,082.19	359.15
Taxes Paid	{0.41)	16.50	24.12
Cash flow from exceptional itemsLoss on asset held for sale		(1,063.69)
Net cash generated/(used) from operating activities	651.89	1,035.00	383.27
Cash Flow from Investing Activities
Purchase of Property Plant and Equipment	(757.87)	(1,026.63)	(1,235.76)
Right of use assetsProceeds from sale of Property Plant and Equipment	55.26	(371.41)2.83	2.83
Proceeds from MLD		T7244	--
Proceeds from Mutual funds	119.79	330.61	260.69
Investment in Debentures.Investments in subsidiary companies	a	(8.65)(150.00)	(24.09)(150.00)
Interest income received	10.46	83.25	A7.55
Loan given to ShareholderChange in Other bank balance and cash not available		4.63	:
			12.43

Net Cash generated/(used) in investing activities.			(1,086.35)
			(14,20)
			2.20
	200.00	:	:
	(28.28)	(166.22)
	x	1,038.85	1001.10
Proceed/ (utilization) from/of Share Warrant	150.00	$	37.75
	(63.59)	(188.59)	(86.35)
increasefrom financingNetactivities	169.45	49,01	940.47
Increase/(decrease)and cash equivalentsNetin cash	254.71	(12.56)	237.37
Openingbalanceequivalentscashandcashof	67.98		80.80
balanceequivalentsClosingandcashcashof		67.98	318.17
			2.64
~ oncurrent account	302.32	51.63	313.52
deposits with original maturity of 3 months or les:in term-	2.10	2.05	2.02
bankbalanceCash and	322.69	67.98	318,17
	Cash Flow from Financing ActivitiesProceeds from/ (repayment of) long term borrowingsProceeds from/ (repayment of) short term borrowingsMoney received against share warrantRepayment of lease liabilitiesProceed from Share Capital and securities premiumchargesand financialInterestComponentsequivalentsas at end of the yearandcashcashofCash on handBalances with banks	(566.64)(89.08)0.40322.6918.27	(1,096.58)(135.03)(500.00)80.5414.30