KEI Industries Ltd. — Interim / Quarterly Report 2022

Jul 31, 2021

Regd. Office: D-90, Okhla Industrial Area, Phase — 1 New Delhi — 110020. CIN: L74899DL1992PLC051527. Tel.: +91-11-26818840, 26818642, 26815558, 26815559. Fax: +91-11-26811959, 26817225. Email: info@kei-ind.comWebsite: www.kei-ind.com

Date: 31.07.2021

KEI/BSE/2021-22 The Manager, BSE Limited Listing Division, Phiroze Jeejeebhoy Towers, Dalai Street, Mumbai- 400 001.

Sub: Outcome of Board Meeting / Announcements pursuant to Regulation 30 and 33 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015

Dear Sir / Madam,

Pursuant to Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 this is to inform you that the Board of Directors of the Company at their meeting held on Saturday, the 31' day of July 2021, has approved inter-alia, the following:

• 1. Standalone and Consolidated Un-Audited Financial Results for the l' quarter ended 30thJune, 2021.
• 1. Limited Review Report of the Statutory Auditors on the aforesaid Standalone and Consolidated Un-Audited Financial Results for the 101 quarter ended 30thJune, 2021.
• 1. Fixed the date of Annual General Meeting as Wednesday, the 08thday of September, 2021 at 02.00 p.m. through Video Conferencing / Other Audio Visual Means (VC/OAVM).
• 1. Fixed Book Closure date from 02" day of September, 2021 to 08thday of September, 2021 (both days inclusive) in connection with AGM.

The meeting of the Board of Directors commenced at 03:45 p.m. and concluded at 04:45 p.m.

This is for your information and record.

Thanking you, Yours truly, For KEI INDUSTRIES LIMITED For KEI INDUSTRIES LIMITED

(Kishore Kunal) AVP (Corporate Finance) & Company Secretary

(KISHORE KUNAL) AVP (Corporate Finance) & Company Secretary

CC:

The Calcutta Stock Exchange Ltd.	The National Stock Exchange of India Ltd., Listing Division,
The Senior Manager, Listing Division,	Exchange Plaza, Plot No. C/1, G Block, Bandra Kuria Complex,
7, Lyons Range, Kolkata-700001.	Bandra (E), Mumbai —400 051

Works-II : Bhlwadl : SP-920, RIICO Industrial Area, Phase-III, Bhlwadi, Dist. Ahvar-301019 (Rajasthan) Tel : 01493-220106, 221731 Fax :01493-221732. Works-Ill : SlIvassa : 99/2/7, Madhuban Industrial Estate, Rakholi, Silvassa UT of D &N.H-396240. Teletex: 0091-260-2644404, 2630944,2645896

Branch : Chinni : 27/F-1, first floor, Chakrapani Street, West Mambalam, Chennai-600 033 Tel : 044-24803363 Fax : 044-24803404.

Offices : Mumbai : 101/102, Vastu Shtlp, Vastu Enclave, Andheri Pump House, Andheri(East), Mumbai-400093. Tel: 0091-22-2823963128375642, Fax: 28258277 : Kolkata: Arihanth Benchmark, 4thFloor, 113-F, Matheshwartola Road, Kotkata.7000466 Telefax: 033-4062082014062

Ker KEI INDUSTRIES LIMITED . , ,

Regd Office: D-90 OKHLA INDUSTRIAL AREA PHASE I NEW DELHI-110 020 _.., Phone: 91-11-26818840/26818642 Fax 91-11-26811959/26817225 Web: www.kei-ind.com (GIN: L74899DL1992PLC051527)

STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2021

					(tin Millions)
	Particulars	Quarterended30-06.2021	Quarterended31-03-2021	Quarterended30.06-2020	Yearended31.03-2021
		Unaudited	Audited(Refer Note-3)	Unaudited(Refer Note-3)	Audited(Refer Note-3)
1	Income
	(a) Revenue from operations(b) Other income	10,175.63	12,463.05	7,453.05	41,814.88
	Total Income	27.7710,203.40	24.9612,488.01	86.057,639.10	200.6042,015.48
2	Expenses
	(a) Cost of materials consumed	8,221.42	8,946.89	4,002.02	27,907.95
	(b) Purchases of Traded Goods	0.97	2.87	15.17	107.71
	(c) Changes in inventory of Finished goods,Traded Goods and Work-in-progress	(1,200.02)	(250.30)	1,185.74	1,131.20
	(d) Employee benefits expenses	505.28	437.19	446.75	1,849.43
	(e) Finance Costs(f) Depreciation and amortisation expenses	114.16	125.26	167.85	573.08
	(g) Sub Contractor expense for EPC projects	138.54341.03	145.09	145.81	578.14
	(h) Other expenses	1,169.74	559.261,393.00	198.26842.30	1,493.624,770.28
	Total Expenses	9,291.12	11,369.26	7,003.90	38,411.41
3	Profit! (Loss) before Exceptional Items and Tax (1-2)	912.28	1,128.75	535.20	3,604.07
45	Exceptional itemsProfit! (Loss) before Tax (3-4)	-	-		-
6	Tax Expenses	912.28	1,128.75	535.20	3,604.07
	Current Tax	240.84	284.41	138.64	940.90
	Deferred TaxTotal Tax Expenses	0.32	(16.75)	4.24	(32.33)
7	Net Profit! (Loss) for the period (5-6)	241.16671.12	267.66	142.88	908.57
8	Other Comprehensive Income/(Loss)		861.09	392.32	2,695.50
	(a) Items that will not be reclassified to profit and loss in subsequent period, net of tax	0.54	6.91	0.89	9.24
	(b) items that will be reclassified to profit and loss In subsequent period, net of tax	-	-	-	-
	Other Comprehensive lncomeff Loss) for the period (Net of Tax Expense)	0.54	6.91	0.89	9.24
9	Total Comprehensive Income for the period (7+8)10 Paid -up equity share capital	671.66179.71	868.00	393.21	2,704.74
	(Face Value off 2/- each)		179.71	179.01	179.71
	11 Reserves excluding Revaluation Reserves as per balance sheet12 Earnings Per Share (of T 2!- each) (not annualised for quarters):				17,555.83
	a) Basic (Z)	7.47	9.58	4.38	30.04
	b) Diluted (Z)	7.41	9.50	4.32	29.76
	Standalone Segment-wise Revenue, Results, Assets and Liabilities
	1. Segment Revenue ( Revenue from operations )
	a) Segment - Cables	8,844.27	10,674.52	6,462.14	35,742.11
	b) Segment - Stainless Steel Wirec) Segment - EPC Projects	477.98	461.61	207.68	1,416.53
	d) Unallocated Segment	1,378.54-	2,597.48	1,763.31	9,786.99
Total		10,700.79	13,733.61	-8,433.13	46,925.63
	Less: Inter segment elimination	(5.14)	16.17	15.45	92.17
Total		10,705.93	13,71744	8,417.68	46,833.46
	Less: Inter segment RevenueRevenue from operations	530.30	1,254.39	964.63	5,018.58
		10,175.63	12,463.05	7,453.05	41,814.88
	2. Segment Results Profit! (Loss)before tax and interest from each segment
	a) Segment - Cables	947.20	999.59	774.04	4,095.27
	b) Segment - Stainless Steel Wire	29.91	9.83	19.80	83.85
	c) Segment - EPC Projects	124.70	202.45	178.22	907.39
Total	Less: Inter segment results	1,101.81	1,211.87	972.06	5,086.51
	Net Segment Results	28.51	98.94	120.82	541.82
	Less: I) Interest	1,073.30114.16	1,112.93125.26	85t24167.85	4,544.69
	II) Other un-allocable expenditure net off un-allocable incomeTotal Profit Before Tax	46.86	(141.08)	148.19	573.08367.54
		912.28	1,128.75	535.20	3,604.07
	3, Segment Assetsa) Segment - Cables
	b) Segment- Stainless Steel Wire	20,037.30	19,775.54	17,613.15	19,775.54
	c) Segment - EPC Projects	709.966,980.29	680.30	592.37	680.30
	d) Unallocated Segment	2,009.94	7,026.562,599.67	9,131.581,487.40	7,026.562,599.67
Total		29,737.49	30,082.07	28,824.48	30,082.07
	4.Segment Liabilities
	a) Segment - Cablesb) Segment- Stainless Steel Wire	6,979.03	8,730.76	7,776.88	8,730.76
	c) Segment - EPC Projects	213.59	176.18	166.67	176.18
	d) Unallocated Segment	1,654.382,465.83	1,106.352,333.24	1,210.82	1,106.35
Total		11,312.83	12,346.53	4,163.3713,317.74	2,333.2412,346.53

For UStRIES LIMITED Chairman-Cum-Managing Director - Ted it

2_

Notes:

1. The above standalone financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on July 31, 2021.The Statutory Auditors have carried out Limited Review of the financial results of the Company for the quarter ended June 30, 2021 under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Statutory Auditors have expressed an unmodified report of the above results.

2. These standalone financial results have been prepared in accordance with the Companies (Indian Accounting Standard) Rules, 2015 (Ind AS) prescribed under Section 133 of the Companies Act. 2013 and other recognized accounting practices and policies to the extent applicable.

3. The Company has changed its accounting policy for valuation of Raw Materials, Finished Goods, Project Materials and Work in Process from First In First Out (FIFO) to moving weighted average cost method w.e.f. 1st April, 2021. The Company believes that this change to moving weighted average cost method is preferable as it reflects better matching of the actual cost flows with the physical flow of goods and also improves comparability with Company's industry peers. Hence, it provides reliable and more relevant information to the users of financial statements about the Company's inventory valuation.

In accordance with Ind AS 8, Accounting Policies. Changes in Accounting Estimates and Errors. this change in method of accounting for inventories has been retrospectively applied to all prior periods presented herein. Prior period comparative figures have been adjusted to reflect what results would have been had the company applied moving weighted average cost method of inventory valuation for inventories. The cumulative effect on retained earnings for these changes was 3.32 Millions at 1st April. 2020. However, due to huge volume of inventory, it is impracticable for the Company to give impact and figures that what would have been had the company continued to follow the FIFO method of inventory valuation.

Following is the impact .i.e. increase/(decrease) of the said change in policy on each item of Statement of Profit and Loss:

			(0 in Millions)
	S. No. Particulars	Quarter ended31-03-2021	Quarter ended30-06-2020	Year ended31-03-2021
1	Increase/(decrease) in Cost of materials consumed	11.54	(106)	(27.87)
2	Increase/(decrease) in Changes in inventory of Finished goods,Traded Goods and Work-inprogress	30.56	(40.08)	78.12
3	Increase/(decrease) in Profit / (Loss) before Tax	(42.12)
4	Increase/(decrease) in Tax expenses- deferred tax		4214	(55.201
5	Increase/(decrease) in Profit / (Loss) after Tax	(10.60)	10.10	(1265)
6	Change in EPS ( Basic) (i)	(31.52)	3024	(37.60)
7	Change in EPS ( Diluted) (Z)	(0.36)	023	(0A2)
		(0.30)	0.33	(241)

Following is the impact .i.e. increase/(decrease) of the said change in policy on each item of Balance Sheet:

			(0 in Millions)
	S. No. Particulars	As at 31st	As at 1st
1	Increase/(decrease) in Inventory	March, 21	April, 2020
		(54.69)	(4A4)
2	Increase/(decrease) in Other Equity	(4292)	(32)
3	Increase/(decrease) in Deferred Tax Liability (Net)	(13.77)	(1.12)

1. The Code on Social Security, 2020 ('the Code') has been approved by the Parliament which inter-alia deals with employee benefits during employment and post-employment. The Code has been published in the Gazette of India on September 29, 2020. The effective date of the Code and rules thereunder are yet to be notified. In view of this, the impact of the change, if any, on the Company will be assessed and recognized post notification of the relevant provisions.

5)The company has assessed the possible impact of Covid-19 on its financial results based on external and internal information available up to date of approval of these financial results and concluded no adjustment is required in these results. The Company continues to monitor the future economic conditions.

1. The Figures of the last quarter are the balancing figures in respect of standalone financial results between audited figures of the financial year ended March 31, 2021 and unaudited published year to date figures upto 3rd quarter i.e. December 31. 2020. which were subjected to limited review.

2. Previous year / periods figures have been regrouped / reclassified, wherever necessary. 8)The above financial results of the Company are available on the Company's website www.kei-ind.com and also at www.bseindia.com and wwwnseindia.com.

For KEI INDUSTRIES LIMITED

For IKE IP ILS ED AA chairm—a=carn ging A 'r recto

Chairman-Cum A1an3girg ages:tor

Place of Signing : New Delhi Date: July 31, 2021

Pawan Shubham & Co. ) CHARTERED ACCOUNTANTS

601, Roots Tower 7, District Center Laxmi Nagar, Delhi-110092 Pawan@pawanshubham.com Tel 011-45108755

To The Board of Directors KEI Industries Limited

LIMITED REVIEW REPORT OF THE INDEPENDENT AUDITORS ON THE STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED ON 30th JUNE, 2021.

1. We have reviewed the accompanying Statement of Standalone Unaudited Financial Results of KEI Industries Limited (the 'Company') for the quarter ended June 30, 2021 (the 'Statement'), being submitted by the Company pursuant to requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended (the "Listing Regulations").

2. This Statement which is the responsibility of the Company's Management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the India Accounting Standard 34 "Interim Financial Reporting" (Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to issue a report on this statement based on our review.

3. We conducted our review in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the 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 statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

4. 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 aforesaid Indian Accounting Standards and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of regulation 33 of the Listing Regulations including the manner in which it is to be disclosed, or that it contains any material misstatement.

For PAWAN SHUBHAM & CO Chartered Accountants Firm Reg. No. 011573C

DELHI FRN. Ol'i 573C; "t•

(P )1V,A MWMAR AGARWAL) Pa rtfie1•,,5: M. No.: 092345 UDIN : I:pc? 2-?1,t_CA-A--1÷*obi0 - c32-0

Place of Signature: New Delhi Date: July 31, 2021

14CF 116 phone.R9e1110112fli6ce811:8D8-4900/206K81H8LA642INFDUS9T1RR11L2AR681E1A95P9HIA26S8IE171 2N2E5Wil

WDEbLHI-110 'ilirrirdiii!, k020. dzom (CIN: L74899DL1992PLC051527)

QUARTER ENDED JUNE 30, 2021 STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE

					(₹ in Millions)
		Quarter	Quarter	Quarter	Year
	Particulars	ended	ended	ended	ended
		30-06-2021	31-03-2021	30-06-2020	31-03-2021
		Unaudited	Audited(Refer Note-4)	Unaudited(Refer Note-4)	Audited(Refer Note-4)
1	Income
	(a) Revenue from operations(b) Other income	10.175.63	12.463.04	7,453.54	41,815.37
	Total income	27.7710,203.40	24.9612,488.00	86.057,539.59	200.6042,015.97
$\overline{2}$	Expenses
	(a) Cost of materials consumed(b) Purchases of Traded Goods	8,221.42	8,946.72	4,002.22	27,907.95
	(c) Changes in inventory of Finished goods, Traded Goods and Work-in-progress	0.97	3.04	15.17	107.88
	(d) Employee benefits expenses	(1,200.02)	(250.30)	1,185.74	1,131.20
	(e) Finance Costs	505.28114.16	437.19125.27	446.75167.85	1,849.43573.09
	(f) Depreciation and amortisation expenses	138.54	145.09	145.81	578.14
	(g) Sub Contractor expense for EPC projects	341.03	559.26	198.26	1,493.62
	(h) Other expenses	1,169.85	1,393.25	842.61	4,770.60
	Total Expenses	9,291.23	11,359.52	7,004.41	38,411.91
$3^{\circ}$	Profit/ (loss) before share of profit /(loss) of joint venture & Associate,
	exceptional items and tax (1-2)	912.17	1,128.48	535.18	3,604.06
4	Share of profit/ (loss) of joint venture (net of tax)	0.01	1.00	(0.00)	1.00
56	Share of profit/ (loss) of Associate Company (net of tax)
7	Profit / (Loss) before exceptional items and Tax (3+4+5)Exceptional items	912.18	1,129.48	535.18	3,605.06
8	Profit / (Loss) before Tax (6-7)	912.18	1,129.48	535.18	3,605.06
9	Tax Expenses
	Current Tax	240.84	284.41	138.64	940.90
	Deferred Tax	0.32	(16.75)	4.24	(32.33)
	Total Tax Expenses10 Net Profit / (Loss) for the period (8-9)	241.16	267.66	142.88	908.57
	11 Other Comprehensive Income/(Loss)	671.02	861.82	392.30	2,696.49
	(a) Items that will not be reclassified to profit and loss in subsequent period, net
	of tax	0.54	6.91	0.89	9.24
	(b) Items that will be reclassified to profit and loss in subsequent period, net of
	tax	0.01	0.30	(1.10)	(0.46)
	Other Comprehensive Income/(Loss) for the period (Net of Tax Expense)
		0.55	7.21	(0.21)	8.78
	12 Total Comprehensive Income for the period (10+11)	671.57	869.03	392.09	2,705.27
	13 Profit/(Loss) attributable to:
	Equity Shareholders of Parent Company	671.03	861.90	392.30	2,695.47
	Non Controlling Interests	(0.01)	(0.08)	(0.00)	1.02
	14 Other Comprehensive Income attributable to:
	Equity Shareholders of Parent Company	0.55	7.18	(0.10)	8.83
	Non Controlling Interests	0.00	0.03	(0.11)	(0.05)
	15 Total Comprehensive Income attributable to:
	Equity Shareholders of Parent Company	671.58	869.08	392.20	2,704.30
	Non Controlling Interests	(0.01)	(0.05)	(0.11)	0.97
	16 Paid -up equity share capital	179.71	179.71	179.01	179.71
	(Face Value of ₹ 2/- each)17 Reserves excluding Revaluation Reserves as per balance sheet
	Other Equity
	Non Controlling Interest				17,559.92(0.08)
18	Earnings Per Share (of ₹ 2/- each) (not annualised for quarters):
	a) Basic $(3)$b) Diluted $(3)$	7.47	9.59	4.38	30.05
	Consolidated Segment-wise Revenue, Results, Assets and Liabilities	7.41	9.51	4.32	29.77
	1. Segment Revenue (Revenue from operations)
	a) Segment - Cables	8,844.27	10,674.51	6,462.63	35,742.60
	b) Segment - Stainless Steel Wire	477.98	461.61	207.68	1,416.53
	c) Segment - EPC Projects	1,378.54	2,597.48	1,763.31	9,766.99
Total	d) Unallocated Segment				÷
	Less: Inter segment elimination	10,700.79	13,733.60	8,433.62	46,926.12
Total		(5.14)10,705.93	16.17	15.45	92.17
	Less: Inter segment Revenue	530.30	13,717.431,254.39	8,418.17	46,833.95
	Revenue from operations	10,175.63	12,463.04	964.637,453.54	5,018.5841,815.37

For DUSTIES OM' TED

Chairman-Cum-Managing Director

2. Segment Results Profit / (Loss)
before tax and Interest from each segment
a) Segment - Cables	947.09
b) Segment - Stainless Steel Wire	29.91	998.769.83	774.02	4,094.70
c) Segment - EPC Projects	124.70	202.45	19.80	83.85
Total	1,101.70	1,211.04	178.22	907.39
Less: Inter segment results	28.51	98.94	972.04	5,085.94
Net Segment Results	1,073.19	1,112.10	120.82	541.82
Less: I) Interest	114.16		851.22	4,544.12
II) Other un- allocable expenditure net off un- allocable income	46.86	125.27	167.85	573.09
Profit/ (loss) before share of profit /(loss) of Joint venture & Associate and tax		(141.65)	148.19	366.97
Add: Share of profit/ (loss) of joint venture/Associate Company (net of tax)	912.170.01	1,128.48	535.18	3,604.08
Total Profit Before Tax	912.18	1.001,129.48	(0.00)535.18	1.003,605.06
3. Segment Assets
a) Segment - Cables
b) Segment- Stainless Steel Wire	20,035.37	19,773.65	17,611.01	19,773.65
c) Segment - EPC Projects	709.96	680.30	592.37	680.30
d) Unallocated Segment	6,980.29	7,026.56	9,131.56	7,026.56
Total	2,014.80	2,604.52	1,490.69	2,604.52
	29,740.42	30,085.03	28,825.63	30,085.03
4.Segment Liabilities
a) Segment - Cables	6,978.03	8,729.70
b) Segment- Stainless Steel Wire	213.59	176.18	7,775.55	8,729.70
c) Segment- EPC Projects	1,654.38	1,106.35	166.67	176.18
d) Unallocated Segment	2,465.83	2,333.25	1,210.82	1,106.35
Total	11,311.83	12,345.48	4,163.3713,316.41	2,333.2512,345.48

For KB I STRIES LIMITED

'TA Chairman-Cum-Managing Director -

Notes:

1. The above consolidated financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on July 31, 2021.The Statutory Auditors have carried out Limited Review of the financial results of the Company for the quarter ended on June 30, 2021 under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Statutory Auditors have expressed an unmodified report on the above results.

2. The consolidated financial results include the financial result of the following subsidiary, joint venture and associate:

• Subsidiary- KEI Cables Australia PTY Limited, Australia. - Joint Venture of KEI Industries Limited, New Delhi & Brugg Kabel AG, Switzerland (Association of Person).

• Associate- KEI Cables SA Pty Limited, South Africa.

Financials of Subsidiary, Joint Venture and associate are as certified by the Management. In opinion of the Management these financial results are not material to the Group.

1. These consolidated financial results have been prepared in accordance with the Companies (Indian Accounting Standard) Rules, 2015 (Ind AS) prescribed under Section 133 of the Companies Act. 2013 and other recognized accounting practices and policies to the extent applicable. The said Financial Results of the Parent Company and its Subsidiary, Associate and Joint Venture has been prepared in accordance with Ind AS 110 " Consolidated Financial Statements."

2. The Company has changed its accounting policy for valuation of Raw Materials, Finished Goods, Project Materials and Work in Process from First In First Out (FIFO) to moving weighted average cost method w.e.f. 1st April, 2021. The Company believes that this change to moving weighted average cost method is preferable as it reflects better matching of the actual cost flows with the physical flow of goods and also improves comparability with Company's industry peers. Hence, it provides reliable and more relevant information to the users of financial statements about the Company's inventory valuation.

In accordance with Ind AS 8, Accounting Policies, Changes in Accounting Estimates and Errors, this change in method of accounting for inventories has been retrospectively applied to all prior periods presented herein. Prior period comparative figures have been adjusted to reflect what results would have been had the company applied moving weighted average cost method of inventory valuation for inventories. The cumulative effect on retained earnings for these changes was Z 3.32 Millions at 1st April, 2020. However, due to huge volume of inventory, it is impracticable for the Company to give impact and figures that what would have been had the company continued to follow the FIFO method of inventory valuation.

Following is the impact .i.e. increase/(decrease) of the said change in policy on each item of Statement of Profit and Loss:

(2 in Millions)

	S. No. Particulars	Quarter ended31-03.2021	• Quarter ended30-06-2020	Year ended31-03-2021
	1 Increase/(decrease) in Cost of materials consumed	1154
2	Increase/(decrease) in Changes in inventory of Finished goods,Traded Goods and Work-inprogress	30.58	10.06)(40.08)	(27.07178.12
	3 Increase/(decrease) in Profit / (Loss) before Tax	(42.12)
4	Increase/(decrease) in Tax expenses- deferred tax		40.14	(50.25)
5	Increase/(decrease) in Profit / (Loss) after Tax	(10.60)	10.10	(12.65)
		(31.52)	30.04	(37.60)
6	Change in EPS ( Basic) (Z)	(0.36)	023	(0A2)
7	Change in EPS ( Diluted) (Z)	(0.35)	0.33	(0.41)

Following is the impact .i.e. increase/(decrease) of the said change in policy on each item of Balance Sheet:

	(2 in Millions)
	S. No. Particulars	As at 31st	As at 1st
	1 Increase/(decrease) in Inventory	March. 21	April. 2020
		(54.69)	(4A4)
2	Increase/(decrease) in Other Equity
3	Increase/(decrease) in Deferred Tax Liability (Net)	(4o.92)	(3.32)
		(13.77)	11.121

1. The employment notification rules thereunder Code on Social Security, 2020 ('the Code') has been approved by the Parliament which inter-alia and post-employment. The Code has been published in the Gazette of India on 29th September, are yet to be notified. In view of this, the impact of the change, if any, on the Company of the relevant provisions. deals with employee 2020. The effective date will be assessed and recognized benefits during of the Code and post

2. The of approval conditions. company has assessed the possible impact of Covid-19 on its financial results based on extemal of these financial results and concluded no adjustment is required in these results. The Company and internal information available continues to monitor the future up to date economic

3. The ended review. Figures of the last quarter are the balancing figures in respect of consolidated financial results March 31, 2021 and the unaudited published year to date figures upto 3rd quarter i.e. December between audited figures of the 31, 2020, which were subjected financial year to limited

4. Previous year / periods figures have been regrouped / reclassified, wherever necessary.

5. The www.nseindia.com. above financial results of the Company are available on the Company's website www.kei-ind.com and also at www.bseindia.corn and

Place of Signing : New Deihl Date: July 31, 2021

For KEI INDUSTRIES LIMITED

For IKE 1P1D S LIMt t,.. TED -'1\

Chairman-cum-ANIL G • •f-ni_ 00006422.

DELHIELHI 0 FRN. 011573C 77---frkkili/-7, DIN:

Aix.f!L GUPTA Chairman-Cum-Managing Director

Pawan Shubham & Co. CHARTERED ACCOUNTANTS

601, Roots Tower 7, District Center Laxmi Nagar, Delhi-110092 Pawan@pawanshubham.com Tel 011-45108755

To The Board of Directors KEI Industries Limited

LIMITED REVIEW REPORT OF THE INDEPENDENT AUDITORS ON THE CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED ON 30th JUNE, 2021.

1. We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of KEI Industries Limited (the 'Parent') and it's subsidiary (the Parent and its subsidiary together referred to as the 'Group') which includes Group's share of profit / (loss) in its associate and joint venture for the quarter ended June 30, 2021 (the 'Statement') attached herewith, being submitted by the Parent pursuant to requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended (the "Listing Regulations").

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

3. We conducted our review in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the 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 statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

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

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

S. No.	Company Name	Relationship
1.	KEI Industries Limited	Parent Company
2.	KEI Cables Australia PTY Limited	Subsidiary Company
3.	KEI Cables SA (PTY) Limited	Associate
4.	KEI Industries Ltd. New Delhi & Brugg Kable AG Switzerland	Joint Venture

1. The accompanying Statement includes the financial results of a subsidiary which reflect total revenue of Nil , total net profit / (loss) after tax Rs. (0.11) Million and total comprehensive profit/ (loss) of Rs. (0.09) Million for the quarter ended June 30, 2021, as considered in the consolidated unaudited financial results. They also include financial results of an associate and a joint venture which reflect total net profit / (loss) of Rs. 0.01 Million. These financial results are unaudited and have been furnished to us by the Management and our conclusion on the consolidated unaudited financial results, in so far as it relates to the amounts and disclosures included in these respects are solely on such unaudited financial results. In our opinion and 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 the above matter..

0E114.1 C.. ••• FRN. 011573C ,;

let-5(1pcsc;':".'

Pawan Shubham & Co. CHARTERED ACCOUNTANTS

601, Roots Tower 7, District Center Laxmi Nagar, Delhi-110092 Pawan@pawanshubham.com Tel 011-45108755

1. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration referred to in paragraph 5 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the aforesaid Indian Accounting Standards and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of regulation 33 of the Listing Regulations including the manner in which it is to be disclosed, or that it contains any material misstatement.

For PAWAN SHUBHAM & CO Chartered Accountants Firm Reg. No. 011573C

ti--; DELHI FM. 011573C .

Place of Signature: New Delhi Date: July 31, 2021

IFAVVAN KUMAR AGARWAL) Pertner M.No.: 092345 UDIN 2. 472--.?4,1*/)--A-(414c0 Rtrole