Khandwala Securities Ltd. — Interim / Quarterly Report 2021

Sep 12, 2020

Date:- September 12, 2020

BSE Limited Department of Corporate Affairs Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400 001

National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No:- C/1, G Block Bandra Kurla Complex, Mumbai- 400 051

BSE Scrip Code:- 531892

NSE Symbol:- KHANDSE

Dear Sir,

Sub: Outcome of Board Meeting held on September 12, 2020

Ref:- Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015

This is to inform you that in the meeting of the Board of Directors held on Saturday, September 12, 2020 at its Registered Office of the Company, the Board inter-alia has considered and approved the Unaudited Financial Results for the quarter ended June 30, 2020.

The copy of the said Financial Results and Limited Review Report has been enclosed herewith.

The said meeting of the Board was commenced at 12 noon and concluded at 1.40 p.m.

Kindly take the same in your records.

Thanking you.

For Khandwala Securities Limited

ABHISHEK NARENDRA JOSHI

Abhishek Joshi Company Secretary and Compliance Officer

Vikas Building, Ground Floor, Green Street, Fort, Mumbai - 400 023. Tel.: (B) 91-22-4076 7373 · Fax: 91-22-4076 7377/78 Website: www.kslindia.com . CIN No.: L67120MH1993PLC070709

KHANDWALA SECURITIES LIMITED Regd. Office : Vikas Bldg, Ground floor, Green Street, Fort, Mumbai 400 023

STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2020

					(Rs. In lakhs)
Sr.No.	Particulars	Quarter Ended			Year Ended
		30.06.2020(Unaudited)	31.03.2020(Audited)	30.06.2019(Unaudited)	31.03.2020(Audited)
1	Revenue from Operations	85.35	50.13	76.01	273.54
$\overline{\mathbf{2}}$	Other Income	7.39	61.95	7.06	88,46
3	Total $(1+2)$	92.74	112.08	83.07	362.00
4	Expenses
a	Cost of materials consumed
b	Purchases of Stock-in-Trade	٠	٠
с	Changes in inventories of finished goods work-in-progress and Stock-in-Trade		2.47
d	Employee benefits expense	$\overline{ }$40.34	49.96	3.89	9.47
e	Finance Cost	17.30		65.31	242.15
f	Depreciation and amortization expense		50.18	8.89	81.70
g	Other Expenses	7.63	5.69	7.32	27.97
	Total Expenses	26.58	241.41	39.57	363.23
5	Profit / (Loss) before Exceptional and Extraordinary items and Tax	91.85	349.71	124.98	724.52
6	Exceptional Items	0.89	(237.62)	(41.91)	(362.52)
$\overline{7}$	Profit / (Loss) before Extraordinary Items and Tax	0.89	(237.62)	(41.91)	(362.52)
8	Extraordinary Items
9	Profit / (Loss) before Tax (7-8)	0.89	(237.62)	(41.91)	(362.52)
10	Tax Expenses
	Current tax
	Deferred tax	(1.21)	(0.31)	(1.02)	(3.82)
	Total Tax Expenses	(1.21)	(0.31)	(1.02)	(3.82)
11	Profit / (Loss) for the period from continuing operations (9-10)	2.10	(237.31)	(40.90)	(358.70)
12	Profit / (Loss) from discontinuing operations
13	Tax expense of discontinuing operations
14	Profit / (Loss) from Discontinuing operations (after tax) (12-13)
15	Profit / (Loss) for the period $(11 + 14)$	2.10	(237.31)	(40.90)	(358.70)
	16 Other Comprehensive Income
	A) - Amount of item that will not be reclassified to Profit and loss	٠	(0.60)		(0.60)
	- Income tax relating to items that will not be reclassifed to profit and loss	×
	B) - Amount of item that will not be reclassified to Profit and loss	٠
	- Income tax relating to items that will not be reclassifed to profit and loss
	17 Total Comprehenasive Income for the period (15+16) ( Comprising	2.10	(237.91)	(40.90)	(359.30)
	Profit/(Loss) and other Comprehensive Income for the period)
	18 Paid-Up Equity Share Capital (Face Value Rs.10/- Per Share)	1,193.90	1,193.90	1,193.90	1,193.90
	19 Reserves excluding Revaluation Reserve				1,031.06
	20 Earning Per Share before Extraordinary Items
	a) Basic	0.02	(1.99)	(0.34)	(3.00)
	b) Diluted	0.02	(1.99)	(0.34)	(3.00)
	21 Earning Per Share after Extrordinary Items
	a) Basic	0.02	(1.99)	(0.34)	(3.00)
	b) Diluted	0.02	(1.99)	(0.34)	(3.00)

Wealth $\n U$

STATEMENT OF UNAUDITED SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED FOR QUARTER ENDED JUNE 30, 2020

Sr.	Particulars				(Rs. In lakhs)
INo.		Quarter Ended			Year Ended
		30.06.2020(Unaudited)	31.03.2020(Audited)	30.06.2019(Unaudited)	31.03.2020(Audited)
1	Segment Revenue
a)	Investment / Stock Operations	53.44
b)	Feebased Operations	31.91	(10.20)	23.85	63.51
C)	Other Unallocated Revenue	7.39	60.33	52.16	210.03
	Total	92.74	61.95	7.06	88.46
	Less : Intersegment Revenue		112.08	83.07	362.00
	Net Income / (Loss) from operations	92.74	112.08	83.07	362.00
2	Segment Results Profit/ (loss) before interest and tax
a)	Investment / Stock Operations
b)	Feebased Operations	52.15	(225.00)	15.28	(167.09)
	Total	(15.56)	2.21	(22.77)	(63.74)
	Less : Interest	36.58	(222.80)	(7.49)	(230.84)
	Other unallocable Expenditure net of unallocable revenue	17.30	50.18	8.89	81.70
	Total Net profit/ (Loss) before Tax	(18.39)	35.36	(25.54)	(49.98)
		0.89	(237.62)	(41.91)	(362.52)
3	Segment Assets
a)	Investment / Stock Operations	461.23	455.13	432.47	455.13
b)	Feebased Operations	1,823.87	2,074.20	1,669.99	2,074.20
C)	Unallocated	1,500.69	1,521.82	1,478.92	1,521.82
	Total Assets	3,785.79	4,051.15	3,581.37	4,051.15
4	Segment Liabilities
a)	Investment / Stock Operations	0.01	0.02	0.01
b)	Feebased Operations	719.12	943.72	460.75	0.02
C)	Unallocated	89.56	108.52	106.38	943.72
	Total Liabilities	808.69	1,052.26	567.14	108.521,052.26
5	Capital Employed (Segment Assests- Segment Liabilities)
a)	Investment / Stock Operations
b)	Feebased Operations	461.22	455.11	432.46	455.11
C)	Unallocated	1,104.75	1,130.48	1,209.24	1,130.48
	Total Capital Employed	1,411.13	1,413.29	1,372.53	1,413.29
		2,977.10	2,998.89	3,014.23	2,998.89

Wealth Visionaries

Notes:

• 1. The aforesaid unaudited financial results of Khandwala Securities Limited for the quarter ended June 30, 2020 were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on September 12, 2020.
• 1. The Statutory Auditors have carried out the limited review report on the aforesaid results for the quarter ended June 30, 2020. However, the management has exercised necessary due diligence to ensure that the financial results provided true and fair view of its affairs.
• 1. In accordance with provisions of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, the above results have undergone Limited review report by the Statutory Auditors of the Company.
• 1. The Financial Results of the Company have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under section 133 of the Companies Act, 2013 read with relevant rules of the Companies (Indian Accounting Standards) Rules 2015, (as amended).
• 1. The above results are after considering the diminution in the value of the shares held as stock-intrade.
• 1. Previous period figures have been re-grouped/re-classified wherever considered necessary to make them comparable to the current period presentation.

For and on behalf of the Board of Directors. Khandwala Securities Limited

Welchondon

Paresh J. Khandwala Managing Director

Date: September 12, 2020 Place: Mumbai

Wealth

Office Add. : 507, Lotus Business Park Premises Co. op. Soc. Ltd.,

Ram Baug Lane, OFF SV Road, Malad (West), Mumbai – 400 064. Tel: 022-28801151 * Email : aniketklk@gmail.com Website : www.aniketkulkarni.in

Independent Auditor's Review Report on the Quarterly Unaudited Standalone Financial Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

Review Report to, The Board of Directors Khandwala Securities Limited Mumbai.

• 1. We have reviewed the accompanying statement of Unaudited Standalone Financial result of Khandwala Securities Limited ("the Company") for the quarter ended June 2020 ("the Statement") attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations 2015, as amended (the "Listing Regulations"). This statement is the responsibility of the Company`s Management and has been approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind. AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles 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 Engagement (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 as audit and accordingly, we do not express as 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 all material respects in accordance with applicable Indian Accounting Standards ('Ind-AS') prescribed under Section 133 of the Companies Act 2013, as amended, read with relevant rules issued thereunder and other recognized accounting practices and policies has not disclosed the information required to be disclosed in term of Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015, read with relevant circulars issued by SEBI, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For Aniket Kulkarni & Associates Chartered Accountants Firm Registration No. 130521W

Aniket Kulkarni Proprietor Membership No: - 127246 Place: Mumbai Date: 11th September 2020 UDIN: 20127246AAAAGK8201