Jindal Poly Films Ltd. — Interim / Quarterly Report 2021

Nov 12, 2020

� JINDfl OLY FILMS LTD.

Plot No.12, Sector 8-1, Local Shopping Complex, Vasant Kunj, New Delhi -110070 (INDIA) Phone: 011-40322100 Fax : (91-11) 40322129 Web. : www.jindalgroup.com

November 12, 2020

JPFL/DE-PT/SE/2020-21

The Manager, Listing National Stock Exchange of India Ltd. Exchange Plaza, Bandra- Kurla Complex Bandra (E), MUMBAI - 400 051

The Manager Listing BSE Limited. Phiroze Jeejeebhoy Towers, Dalal Street, Fort, MUMBAI - 400 001

(Scrip Code: NSE: JINDALPOL Y)

(Scrip Code: BSE: 500227)

Dear Sir/Madam,

Sub: Out Come of the Board Meeting held on November 12, 2020

Pursuant to provisions of the SEBI (LODR) regulations,2015, this is to inform you that the Board of Directors of the Company at its Meeting held today i. e November12,2020, has inter­ alia considered and approved the Unaudited Standalone and Consolidated Financial Statements and Limited Review Reports thereon for the Quarter and Half Year Ended September 30,2020 (Enclosed).

A copy of above is being uploaded in the website of BSE/NSE and Company's website at www.jindalpoly.com

Further meeting Commenced at 16.30 P.m and Concluded at 18.38 P.m

Kindly bring it to the notice of all concerned.

Thanking You, Yours Truly, For Jindal Poly Films Limited

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�� Sanjcev Kumar Company Secretary MNo.18087

Regd. Office : 19th K.M. Hapur Bulandshahr Road, P.O. Gulaothi, Distt. Bulandshahr (U.P.) CIN : L 17111UP197 4PLC003979

JINDAL POLY FILMS LIMITED

CIN :- L17111UP1974PLC003979

Regd. Office: 19th K.M., Hapur Bulandshahr Road, P.O. Gulaothi, Bulandshahr (U.P.) Statement Of Unaudited Standalone Financial Results for the quarter and six months ended September 30, 2020

								Rs in Lakhs except EPS	Rs in Lakhs except EPS
					Quarter ended		Six month	ended	Year ended
S.No.		Particulars		30th Sep 2020	30th June 2020	30th Sep 2019	30th Sep 2020	30th Sep 2019	31st Mar 2020
				(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
1	Income
	Revenue from operations			1,08,791	76,429	82,978	1,85,220	1,66,206	3,53,056
	Other income		II	3,021	1,739	1,518	4,760	3,574	7,313
	Total Income			1,11,812	78,168	84,496	1,89,980	1,69,780	3,60,369
2	Eenses
	Cost of materials conume Purchase of stok-in-tade		11	57,444 1	37,186 -	56,828 129	94,630 1	1,11,625 129	2,25,986 138
	Canges in inventore of stock-in-tade Employee beneft e	f shed gos,wor-ipton a		(174) 2,629	3,322 2,426	(1,692) 2,516	3,148 5,055	(989) 4,962	(5,595) 10,432
	Finance costs			1,936	2,474	991	4,410	2,255	9,132
	Depreciation and amortisation expense			3,582	3,384	2,920	6,966	5,807	11,562
	Other expenses			14,679	12,250	13,309	26,929	26,619	57,248
	Total Expenses			80,097	61,042	75,001	1,41,139	1,50,408	3,08,903
3	Profit before exceptional items and tax			31,715	17,126	9,495	48,841	19,372	51,466
4	Exceptonal items				-	-		-
5	Profit before tax			31,715	17,126	9,495	48,841	19,372	51,466
6	Tax expense charge/ (credit)
	Current tax Current tax adjustment relating to earlier years		I	7,679 (1,325)	4,722 -	671 -	12,401 (1,325)	3,972 -	12,582 -
	Deferred tax			368	(195)	(6,958)	173	(6,832)	(8,991)
	Total tax			6,722	4,527	(6,287)	11,249	(2,860)	3,591
7	Net Profit for the period		II 11	24,993	12,599	15,782	37,592	22,232	47,875
8	Other comprehensive income
	Items that will not be reclassified toprofit or loss(net of tax
	thereon)
	- Remeasurements of post employment benefit obligations			69	-	(18)	69	(18)	96
9	Total comprehensive income for the period (Comprising Profit and other comprehensive income)			25,062	12,599	15,764	37,661	22,214	47,971
10	Other Equity (excluding revaluation resere)								1,75,800
11	Paid up equity share capital	( Face Value Rs. 10/- each)		4,379	4,379	4,379	4,379	4,379	4,379
	Earnings per equity share of	Rs.10/- Each
12	(Not annualised)
	Basic and Diluted Eargs/ (Loss) per share		I	57.08	28.77	36.04	85.85	50.77	109.34

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Reportable Operating Segment Informations

									Rs in Lakhs
S.No.		Particular			Quarer Ended		Year Ended		Year Ended
				30th Sep 2020	30th Jone 2020	30th Sep 2019	30th Sep 2020	30th Sep 2019	31st Mar 2020
				(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
1	Segment Revenue
	Packaging films			94,489	63,037	75,711	1,57,526	1,51,969	3,22,675
	Nonwoven fabrics			14,302	13,392	7,267	27,694	14,237	30,381
	Revenue from oprations			1,08,791	76,429	82,978	1,85,20	1,66,206	3,53,056
2	Segment Results
	Packaging films		)	26,211	13,015	8,104	39,26	17,225	51,820
	Nonwoven fabrics			6,462	6,951	1,22	13,413	2,544	4,769
	Other unallocable inome/(ex s) (net) Profit(Lo ) bfr fnance costs and tax Less : Finace cot Profit(Loss) befr tu		I : !	978 3, l,9 3,715	(3) 19,600 2,474 17,126	1,159 10,486 991 9,495	612 53,251 4,410 48,841	1,858 21,627 2,255 19,372	4,009 60,598 9,132 51,466
3	Segment Assets
	Packaging films			2,83,448	3,03,373	2,54,916	2,83,448	2,54,916	3,01,119
	Nonwoven fabrics			81,192	82,398	73,228	81,192	73,228	80,020
	Unallocable assets			52,782	52,687	49,273	52,782	49,273	48,821
	Total Assets			4,17,42	4,38,458	3,77,417	4,17,42	3,77,417	4,29,960
4	Segment Liabilities
	Packaging films			67,829	70,198	65,357	67,829	65,357	69,380
	Nonwoven fabrics			15,010	13,857	15,853	15,010	15,853	20,159
	Unallocable liabilites			1,16,748	1,61,623	1,42,120	1,16,748	1,42,120	1,60,242
	Total Liabilities			1,99,587	2,45,679	2,23,330	1,99,587	2,23,330	2,49,782

Notes:

Financial Results has been prepared in accordance with the Indian Accounting Standards prescribed under section 133 of the Companies Act 2013 read with the relevant rules issued thereunder.

The Standalone Financial Results and Segments were reviewed by the Audit Committee and taken on record at the meeting of the Board of Directors at their res e,;tive meetings held on 12th November 2020 and limited review of these results has been carried out by the Statutory Auditors of the Company.

2

3 Statement of Assets, Equity and Liabilities

Statement of Assets, Equity and Liabilities
			Rs inLakhs
		As at	As at
		30th Sep 2020	31st March 2020
		(Unaudited)	(Audited)
Assets
(1) Non Curent Assets
(a) Property, plant and equipment		2,47,812	2,31,459
(I) Capital work-in-progress		1,378	18,161
(c) Right to use of asset		130	161
(d) Intangible asset		492	567
(f Financial aset
- Invetments		4,492	4,492
- Other fia ast		565	539
(g) Other non-<urent asset		1,078	1,635
Totill Non-Current Asts		2,55,948	2,57,014
(2) Curent Assets
(a) Inventories		58,481	57,529
(b) Financial asset
- Investents		25,804	37,903
- Trade receivables		11,469	13,024
- Cash and cash equivalent		7,466	24,715
- Bank balances other than cash and cash equivalent		17,048	2,437
- Loans			3
- Other financial asset		30,029	22,478
(c) Current tax asset (net)		1,670	3,118
(d) Other current asset		9,5-8	11,739
Total CurrentAssets	I	1,61A75	1,72,946
Total Assets		4,17,423	4,29,960
Equity And Liabilities
(1) Equity
(a) Equity share capital		4,379	4,379
(b) Other equity		2,13,457	1,75,800
Total Equity		2,17,836	1,80,179
(2) Non Curent Liabilities
(a) Financial liabilites
- Borrowings		70,856	94,856
- Lease liability		73	99
(b) Deferred tax liabilites (Net)		20,298	20,125
(c) Other non-current liabilites		39,807	36,835
Total Non-Curent Liabilities		1,31,034	1,51,915
(3) Curent Liabilities
(a} Financial liabilities
-Browings		9,767	24,109
- Lease liability		63	66
- Trade Payables
(i) Total outtanding dues of micro enterprises and small enterprises; and		335	144
(ii) Total outstanding dues of creditors other than micro enterprises and small enterprises		20,975	24,856
- Other financial liabilities		19,373	29,322
(b) Other current liabilities		18,026	19,359
(c) Provisions		1	10
Total Curent Liabilities Total Liabilities		68,553 97,866 4,17,423 4,29,960 �fi�1		I/� Qo - Ne c �.,

4 Standalone Statement of Cash Flow••

Paricub.n A. Cash inflow/(outrlow) from operating activities Net proft bfore tx Adjustments for Depreciaton and amortsaton Amortsaton of defre goveet gant Ga on sle of invetnt i mutual fnd wlit (et) (Gain) / Loss on foreig curency tcton and tanlatons (net) Finane cost Intest iome Fai value adstt on f et (nt) Oerating proft bo working cpitl chng Adjustment for (Inceae)/decrei tade and oter reeivables (Increase)/ derease i iventores Icrease/(derease) in tade ad oter payables Cash generated from operations Less : Diect tax paid (Net of refnd received) Net cash generated from operating activities B. Cash inflow/(outflow) frm investing activities Purchase of property, plant and equipment ad intangible asset(Net of Subsidy) Purchae of !nvesbent in mutal fund wit Sale of !nvesbet (redempton of mutal fund wlit) Purchas of invesbent in equit shares (Inrease) / dereae in fxed deposit Interest reeived Loan given lo oter party Loa gven to related partes Loan realised back fom related partes Net cash used In investing activities C. Cash infow/(outow) from financing activities Proeeds from non curent brrowigs Repayment of non current brrowings Proeeds/ (repayent) of curent borowing (net) Paymet of lease obligaton Finance cost paid Net cash (used)/ generated from financing activities Net increase in cash and cash equivalents (A+B+q Opening Balance of Cash and Cash Equivalents Less : Balance taferred pursuant to Sheme of Arrangement Closing balance of cash and cash equivalents -Figures i bracket represent outflows,

For the perod ended 30th Sep 2020 (Unaudited) 48,841 6,966 (1.35) (26) 67 267 (69) 562 4,752 (952) (5,7S) 5,872 (9,62) (9,018) (48,000) 60,3 0 (14,610) 577 (3,5) 3 (3)79) (14,342) 3 45,215 I (14,1.81) I (3,183)_____ I (48,13) (17,249) 24,715 7,466 Rsinlakhs For the period ended 30th Sep 2019 (Unaudited) 19,372 5,807 (1,269) (46) 505 2,2 (1%) (1,510) 24,474 6,0 (7,78) (2,187) 20,570 (2,175) {16,36) (19.392) 6,783 (3,700) 1,348 251 (500) 3,26 11,518 1,193 18,395 (2,331} (2,760) ____ _ 9,950 14 1,829 (171) 2,014 F·, I,, - D_l . ''•_V .

s

• 5 Hon'ble Nalio,ml Company Law TribWtll (NCLT) of Judicature! Nlahabad Bench vide their order dated 9th December 2019 sanctioned the scheme of arrangement ("Scheme") beL,vecn Jindal Pol • Films Limited (Oemerged Company) and ilS , holly ow11ed subsidiary Jindal Photo Imaging Linlitcd (Resulting Company) for demerger of Photo Films Business (Dcmergcd Undertaking as defined in the.Scheme) w.e.f. appoint<!d tfotc l�t April 2019.111e scheme became effectiw upon filing of certified copies of the Orders of the NCLT with Registrar of Companies on 20U, December 2019, which inter alia provides for demerger of Demerged Undertaking into Resulting Company, on a going-concern basis. Accordingly standalone published financial rcsul for lh� quarter ended 3Ulh Jltne,2019 and quarter and half •ear ended 30th September'2019 and cash flow for the half year mkd OU1 Scp1cmber'2019 has been restatL-<l incorporating the effect of the Scheme w.e.f. appointed date 1st April 2019.

• 6 COVID. 19 pandemic h� caused scriou disn1ption on the global economic and busines mwimnment. 11,erc is a huge w1ccrti'linty with regard 10 iLs impact· which Cilnnot be reasonably detc,rmined ill this slage. However, the ompan has evaluated, nd con,ldcret.l to tbe extcm poss1blc the likely impact tbat may arise from COVI0-19 pandemic as well as all event and circunistilnces uplo the dall! of approval of Uiesc Fin.1.ncial rcsulls on the carrying value of ilS' asselq ,,nd liabilities as on 30th Sep'2020. Based on the current indicators of future economic conditions, the Company estimates to recover the carrying amow1t of lhl.'sC assets and adequate liquidll)' is avallabl<?. These estimates are subject to uncertainly and may be affected by the severity and duration of the pandemic. The Company is continuously monitorinn any nmterial changes in future econonlic conditions.

• 7 Figures for the previous quarters/period have be n regrouped /rearranged wherever required, to make them comparable.

Place: New Delhi Date: 12 November 2020

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By Order of the Board For Jinda l Poly Films Limited �� Sagato Mukerji Whole Time Director DIN - 06465901

Chn1/1>md Accountants

· ::,

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Independent Auditor's Review Report on Standalone Unaudited Financial Results for the quarter and half year ended September 30, 2020 Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015, as amended

To the Board of Directors of Jindal Poly Films Limited

1. We have reviewed the accompanying statement of standalone unaudited financial results ("the Statement") of Jindal Poly Films Limited ('the Company") for the quarter and half year ended September 30, 2020. This Statement is the responsibility of the Company's Management and has been approved by the Board of Directors. Our responsibility is to issue a report on the statement based on our review.

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

3. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results read with notes therein, prepared in all material respects in accordance with the applicable accounting standards and other recognized accounting practices and policies, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For Singhi & Co. Chartered Accountants Firm Registration No. 302049E

Place: Naida (Delhi - NCR) Date: November 12, 2020

Af Bimal Kumar Sipani Partner Membership No. 088926 UDIN: 20088926AAAAMV7471

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Page 1 of 1

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JINDAL POLY FILMS LIMITED CIN :- L17111UP1974PLC003979

Regd. Office: 19th K.M., Hapur Bulandshahr Road, P.O. Gulaothi, Bulandshahr (U.P.)

Statement Of Unaudited Consolidated Financial Results for the quarter and six month ended September 30, 2020

													Rs in Lakhs ucepl EPS	Rs in Lakhs ucepl EPS
						Quarter ended				Six month ended				Year ended
	S.No.	Pariculars			30th Sep 2020	30th June 2020	30th Sep 2019			30th Sep 2020		30th Sep 2019		31st Mar 2020
					(Unaudited)	(Unaudited)	(Unaudited)			(Unaudited)		(Unaudited)		(Audited)
	1	Income Revenue from operations		j	1,09,123	77,125	84,452			1,86,248		1,68,574		3,54,640
		Other income			3,101	2,119	1,488				5,220		3,506	7,356
		Total Income	**II **		1,12,24	79,244	85,940			1,91,468		1,72,080		3,61,996
	2	Exens
		Cot of materials consume			5,S<	37,534	57,660				95,075	1,12,158		2,25,472
		Purchase of stock-i-tade			1	-	129				1		129	138
		Chages in inventore of fhed goods, workmprogress ad stock in-trade			152	3,281	**(1,90) **				3,433		(528)	(5,251)
		Employee benefits expense Finace costs	1		2,700 1,975	2,493 2,516	2,569 1,073				5,193 4,491		5,067 2,458	10,061 9,522
		Depreciation and amortisation expense			3,651	3,452	2,990				7,103		5,944	11,835
	3	Other expenses Total Expenses Profit before exceptional items and tax		I I	14,923 80,943 31,281	12,371 61,647 17,597	13,535 76,056 9,884			27,294 1,42,590 48,878		26,702 1,51,930 20,150		57,496 3,09,273 52,723
	4	Exceptional items			-	-	-				-		-	-
	5	Profit before tax			31,281	17,597	9,884				48,878		20,150	52,723
	6	Tax expense charge/ (credit)												.
		Current tax			7,678	4,722	720				12,400		4,118	12,908
		Current tax adjustment relatng to earlier years			(1,325)		-				**(1,32) **		-	-
		Deferred tax			291	(16)	(6,%8)				127		(6,824)	(9,049)
		Total tax			6,645	4,558	**(6,248) **				11,203		(2,706)	3,859
	7	Net Profit for-the period			24,636	13,039	16,132				37,675		22,856	48,864
l	8	Other comprehensive income
I		Items thatwillmay be reclassified to profit or loss(net of tax
		thereon)
		-Exchange differences on translatng the Financial Statements o( foreign operatons Items that will not be reclassified to profit or loss (net of tax			3	.	.	11			3		-	(2)
		thereon)
		- Remeasurements of post employment benefit obligatons			69	.	(18)				69		(18)	98
	9	Total comprehensive income for the period (Comprising Profit and other comprehensive income)			24,708	13,039	16,114				37,747		22,838	48,960
	10	Profit for the period attributable to:
		Owners of the parent	11		24,636	13,039	16,132				37,675		22,856	48,864
		Non Controlling Interests			-		-						-	-
	11	Other comprehensive income for the period attributable to:
		Owners of the parent			72	.	(18)				7		(18)	96
		Non Controlling Interests				-	-						-	-
	12	!Total comprehensive income for the period attributable to: Owners of the parent	II		24,708	13,039	16,114				37,747		2,8	48,960
		Non Contolling Interests			-	-	-				-			-
	13	Other equity (excluding revaluation resere)												1,81,051
	14	Paid up equity shar capital (Face VaJue Rs. 10/- each)			4,379	4,379	4,379				4,379		4,379	4,379
	15	Earnings per e1111ity share of lts.10/- Each (Not annualised)
		Basic and Dilul�d Emings/ (Lss} Per ShillC			56.26	29.78	36.84 ¥			L	86.04 52,20 111.60 r'9 .<?,�' �1- NewDolh!. � ��- ·/ ·(" "k , _

Reportable Consolidated Operating Segment Informations

										Rs in Lakhs
S.No.		Pariculars				Quarer ended		Six month	ended	Year ended
					30th Sep 2020	30th June 2020	30th Sep 2019	30th Sep 2020	30th Sep 2019	31st Mar 2020
					(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
1	Segment Revenue
	Packagingfil				94,820	63,733	77,185	1,58,553	1,54,337	3,24,259
	Nonwoven fabrics				14,302	13,392	7,267	27,694	14,237	30,381
	Revenue From Operations				1,09,123	77,12	84,452	1,86,248	1,68,574	3,54,640
2	Segment Results•
	Packagingf				25,811	13,139	8,554	38,950	18,185	53,386
	Nonwoven fabrics Other unalloable income/(expense) (net) Pfitjlo ) befor finance costs and tax l : Finance cost Profit(Loss) bfore tax		11 11 Ii		6,462 9 3,6 1,9 31,281	6,951 23 20,113 2,516 17,597	1,223 1,180 10,957 1,073 9,884	13,413 1,006 53,369 4,491 48,878	2,544 1,879 22,608 2,458 20,150	4,769 4,090 62,245 9,522 52,723
3	Segment Assets
	Packagingfil				2,93,579	3,11,201	2,62,153	2,93,579	2,62,153	3,07,888
	Nonwoven fabrics				81,192	82,398	73,228	81,192	73,228	80,020
	Unallocable asset				51,921	53,971	49,928	51,921	49,928	50,444
	Total Assets				4,26,692	4,47,570	3,85,309	4,26,692	3,85,309	4,38,352
4	Segment Liabilities Packagingfil			!	71,547	73,390	65,810	71,547	65,810	72,259
	Nonwoven fabrics				15,010	13,857	15,853	15,010	15,853	20,159
	Unallocable liabilites				1,16,963	1,61,866	1,48,481	1,16,963	1,48,481	1,60,504
	Total Liabilities				2,03,521	2,49,113	2,30,14	2,03,521	2,30,144	2,52,92

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Notes:

Financial Results has been prepared in accordance with the Indian Accounting Standards prescribed under section 133 of the Companies Act 2013 read with the relevant rules issued thereunder.

2

The Consolidated Financial Results and Segments were reviewed by the Audit Committee and taken on record at the meeting of the Board of Directors at their respective meetings held on 12th November 2020 and limited review of these results has been carried out by the Statutory Auditors of the Company.

• 3 Statement of Assets, Equity and Liabilities

Assets (1)Non Curent Assets (a) Proprty, plant and equipment (b) Cpital workin-progre (c) Right to use of asset (d) Intangible ael (e) Financial a - Investmel - Other financial asset (f) Other non-current assets Total Non-Curent Assets (2) Current Assets (a) Inventories (b) Financial assets - Investment - Trade receivables - Cash and cash equivalents - Bank balances other than cash and cash equivalents - Other financial assets (c) Current tax assets (net) (d) Other current asset Tot�l Current Assets Total Assets Equity And Labiiies (1) Equiy (a) Equity share capital (b) Other equity Toa Equiy (2)Non Curren Labiiies (a) Financial liabilities - Borrowings - Lease liability (b) Provisions (c) Deferred lax liabilites (net) (d) Other non-current liabilities Total Non-Current Liabilities (3) Curren Liabiiies (a) Fi labiites -Borrowings - Lease liability - Trade Payables (i) Total outstanding dues of micro enterprises and small enterprises; and (ii) Total outstanding dues of creditors other than micro enterprises and small enterprises - Other financial liabilities (b) Other current liabilities (c) Provisions Toa Curr en Labiiies 1-T-o-a- L-iabiiies_______

Asa 30h Sep 2020 (Unaudited) 2,51,719 1,378 13 492 5,708 565 1,078 2,61,070 59,104 27,160 11,891 8,628 17,048 30,029 1,738 10,024 1,65,62 426,692 4,379 2,18,793 2,2,17: 70,856 73 20 20,514 39,807 1,31,270 12,512 63 335 21,242 Rs in Lakhs As a 31st March 2020 (A udited) 25,50 18,161 161 567 - 6,012 539 1,635 2,62,578 58,993 37,944 12,662 25,106 2,437 22,478 3,179 12,974 1,75,774 4,38,352 4,379 1,81,051 1,85,430 94,856 99 19 20,387 36,836 1,52,197 26,989 66 144 25,132 29,410 19,47 18,974 18,637 a_ 14 10 1 00 725 -- . __ 4-38: 35-2 1� Fi// g 72,251 4,26,692 IiB Delhi,§ � < ·�· ·'*�0

)0

4 Consolidated Statement of Cash Flow ..

Paricular A. Cash inflow/(outflow) from operating activities Net profit before tax Adjustments for: Depreciaton and amortsaton Amortsa lion of defred goverent grant Gain on sale of investment in mutual fund unit (net) Gain on foreign currency tansactons and tanslatons (net) Finance cost Interest income Profit on sle of non ct invetet Fair value adjustents on f l at (net) Operatingprft befr working capital changes Adjustment for (Increase)/ decrease in tade and other receivables (Increase)/ decrease in inventories Increase/ (decrease) in tade and other payables Cash generated from operations Less : Direct tax paid (net of refund received) Net cash generated from operating activities B. Cash Inflow/(Outflow) from investing activities Purchase of property, plant and equipment and intangible assets ( Net of Subsidy) Purchase of investment in mutual fund units Sale of investments (redemption of mutual fund units) Proceeds from sale of non-current investment (Increase) / decrease i fixed deposits Interest received Loan given to other party Loan given to related par ties Loan realised back from related partes Net cash used in investing activities C.Cash Inflow/(Outflow) from financing activities Proceeds from non current borrowings Repayments of non current borrowings Proceeds / (repayments) of current Borrowings (Net) Payment of lease obligation Finance cost paid Net cash (used)/ generated from financing activities Net increase in cash and cash equivalents (A+B+C) Opening Balance of Cash and Cash Equivalents Closing balance of cash and cash equivalents '* Figures in bracket represent outflows.

For the period ended 30th Sep 2020 (Unaudited) 48,878 7,103 (1,350) (269) 606 2,750 (70) (38) (6) 56,618 5,756 (110) (5,789) 56,475 (9,635) (9,018) (49,350) 60,408 693 (14,610) 585 (3,500) 3 (30,791) (14,485) 3 46,841 ------- (14,790) (3,256) _ (48,529) (16,478) 25,106 Rs in Lakhs For the period ended 30th Sep 2019 (Unaudited) 20,150 5,944 (1,269) (474) 505 2,433 (209) (1,510) 25,570 6,228 (7,795) (2,645) 21,357 (2,359) __ _ 18,998 (16,347) (19,392) 6,857 1,348 263 (2,827) (30,098) 11,518 2,591 (2,963) 11,146 47 2,254 2.,301

• 5 Hon'ble National Company Law Tribunal (NCL1) of Judicature Allahabad Bench vide their order dated 9th December 2019 sanctioned the scheme of arrangement ("Scheme") between Jindal Poly Films Limited (Demergt-d Company) and its wholly owntod subsidiary Jindal Photo Imaging I.Jmit�'{l (Resulting Company) for demerger of Photo Films Business (Demerged Undertaking as defined in the Scheme) w.e.f. appointed dll e 1st April 2019. The scheme became effoctive upon filing of certified copies of the Orders of the NCLT with Rc,gistrar of Companies on 20th December 2019, which inter alia providl!S for demerger o! Demerged Und()rt.1king into Resulting Company, on a gou1g-concern b.1sls. Accordingly consolidated published financial results for U1e quarter ended 30th June,2019 and quarter and half year ended 30th September'20J9 and cash now for the half year ended 30th Seplember'2019 has been restated incorporating the effect of the Scheme w.e.f. appointed date 1st April 2019.

• 6 COVID - 19 pandemic has caused serious disruption on the global economic and business environment. There is a huge uncertainty with regard to its impact which cannot be reasonably determined at this stage. However, the Company has evaluated and considered lo the extent possible the likely impact that may arise from COVID-19 pandemic as well as all event and circumstances upto the date of approval of these Financial results on the carrying value of its assets and liabilities as on 30th Sep'2020. Based on the current indicators of future economic conditions, the Company estimates to recover the carrying amount of these assets and adequate liquidity is available. These estimates are subject to uncertainty and may be affected by the severity and duration of the pandemic. The Company is continuously monitoring any material changes in future economic conditions.

• 7 Figures for the previous quarters/period have been regrouped /rearranged wherever required, lo make them comparable.

Place: New Delhi Date: 12 November 2020

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By Order of the Board
or Jindal Poly Films Limited
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Sagato Mukerji
Whole Time Director
DIN - 06465901
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Independent Auditor's Review Report on Unaudited Consolidated Financial Results for the quarter and half year ended September 30, 2020 Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015, as amended

To Board of Directors of Jindal Poly Films Limited

1. We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of Jindal Poly Films Limited ('the Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group") for the quarter and half year ended September 30, 2020, ("the Statement") being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

2. This Statement, which is the responsibility of the Parent's management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the circular issued by the SEBI under Regulation

33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.

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Clmrtereci Accountants

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

S. No.	Name of entity	Relationship
	Jindal Films India Ltd.	Subsidiarv
	Jindal lmaqinq Ltd.	Subsidiar
	J and D Specialtv Films Private Limited Jindal Packaqinq DMCC UAE	Subsidiar
		Subsidiar

1. Based on our review conducted and procedures performed as stated in paragraph 3 above, based on the consideration of review reports of other auditors referred in paragraph 6 and based on management certified results referred in paragraph 7 below, nothing has come to our attention that causes us to believe that the accompanying Statement read with notes therein, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard (Ind AS) and other account\ng 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.

2. We did not review the interim financial results of one subsidiary included in the consolidated unaudited financial results, whose interim financial results reflect total assets of Rs.13,823.46 Lakhs as at September 30, 2020 and total revenues of Rs. 1,576.82 Lakhs and Rs. 2,861.97 Lakhs, total net profit/(loss) after tax of Rs. (197.02) Lakhs and Rs. 174.63 Lakhs and total comprehensive income of Rs. (197.02) Lakhs and Rs. 174.63 Lakhs for the quarter and half year ended September 30, 2020 respectively and net cash inflows of Rs. 789.01 Lakhs for the half year ended September 30, 2020 as considered in the consolidated unaudited financial results. These interim financial results was reviewed by other auditor 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 this subsidiary is based solely on the reports of the other auditor and the procedures performed by us as stated in paragraph 3 above.

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Chartered Accountants

1. The consolidated unaudited financial results include the unaudited financial results of three subsidiaries (including one foreign subsidiary) which have not been reviewed by their auditors, whose financial results reflect total assets of Rs. 240.69 Lakhs as at September 30, 2020 and total revenue of Rs. 36.92 Lakhs and Rs. 76.23 Lakhs, total net profit after tax of Rs. 0.91 lakhs and Rs. 6.33 Lakhs and total comprehensive income of Rs. 3.42 Lakhs and Rs. (3.82) Lakhs for the quarter and half yearly ended September 30, 2020 respectively and net cash outflow of Rs. 18.07 Lakhs for the half year ended September 30, 2020, as considered in the consolidated unaudited financial results. These financial statements were certified by the management of the respective companies. According to the information and explanations given to us by the management, these financial results are not material to the Group.

Our conclusion on the Statement is not modified in respect of matters stated in para 6 & 7 above.

For Singhi & Co. Chartered Accountants Firm Registration No. 302049E

Place: Naida (Delhi - NCR) Date: November 12, 2020

Bimal Kumar Sipani Partner Membership No. 088926 UDIN: 20088926AAAAMU8256

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