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Khandwala Securities Ltd. Interim / Quarterly Report 2021
62861_rns_2021-02-12_838bb3b8-4cb1-4098-bcca-7c390c901819.pdf
Interim / Quarterly Report
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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
Date:- February 12, 2021
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 February 12, 2021
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 Friday, February 12, 2021 at its Registered Office of the Company, the Board has inter-alia considered and approved the following business:
- Unaudited Financial Results (Standalone and Consolidated) for the quarter and nine months ended December 31, 2020 alongwith Limited Review Report issued by Statutory $\frac{2^m-1}{2^m}$ Auditor of the Company.
The copy of the aforesaid Financial Results and Limited Review Report has been enclosed herewith.
The said meeting of the Board was commenced at 12 noon and concluded at $\frac{4.50}{2.50}$ p.m.
Kindly take the same in your records.
Thanking you.
For Khandwala Securities Limited
Abhishek Joshi Company Secretary and Compliance Officer
Wealth Visionaries
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 STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2020
| (RS. In lacs) | |||||||
|---|---|---|---|---|---|---|---|
| Sr. | Particulars | Quarter Ended | Nine Months Ended | Year Ended | |||
| No. | 31.12.2020 | 30.09.2020 | 31.12.2019 | 31.12.2020 | 31.12.2019 | 31.03.2020 | |
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Audited) | ||
| Revenue from Operations | 70.88 | ||||||
| $\overline{2}$ | Other Income | 60.49 | 98.45 | 216.72 | 223.41 | 273.54 | |
| 7.13 | 69.27 | 4.91 | 83.79 | 26.51 | 88.46 | ||
| 3 | Total $(1 + 2)$ | 78.00 | 129.77 | 103.36 | 300.51 | 249.92 | 362.00 |
| 4 | Expenses | ||||||
| $\mathsf{a}$ | Cost of materials consumed | $\overline{\phantom{m}}$ | ۰ | $\blacksquare$ | |||
| $\mathbf b$ | Purchases of Stock-in-Trade | ||||||
| $\mathbf c$ | Changes in inventories of finished goods work-in-progress and Stock-in- | (0.01) | 0.01 | 1.40 | 7.00 | 9.47 | |
| Trade | |||||||
| d | Employee benefits expense | 87.14 | 41.58 | 62.86 | 169.06 | 192.20 | 242.15 |
| $\mathsf e$ | Finance Cost | 18.39 | 20.90 | 11.86 | 56.59 | 31.52 | 81.70 |
| $\mathsf{f}$ | Depreciation and amortization expense | 8.16 | 7.95 | 7.51 | 23.74 | 22.29 | 27.97 |
| $\mathsf{g}$ | Other Expenses | 48.30 | 33.70 | 41.62 | |||
| 108.58 | 121.82 | 363.23 | |||||
| Total Expenses | 161.98 | 104.13 | 125.25 | 357.96 | 374.82 | 724.52 | |
| 5 | Profit / (Loss) before Exceptional and Extraordinary items and Tax | (83.97) | 25.64 | (21.89) | (57.45) | (124.90) | (362.52) |
| $(3-4)$ | |||||||
| 6 | Exceptional Items | ||||||
| $\overline{7}$ | Profit / (Loss) before Extraordinary Items and Tax (5-6) | (83.97) | 25.64 | (21.89) | (57.45) | (124.90) | (362.52) |
| 8 | Extraordinary Items | ||||||
| $9$ | Profit / (Loss) before Tax (7 - 8) | (83.97) | 25.64 | (21.89) | (57.45) | (124.90) | (362.52) |
| 10 | Tax Expenses | ||||||
| Current tax | $\overline{a}$ | ||||||
| Deferred tax | (1.45) | (1.25) | (1.31) | (3.91) | (3.51) | (3.82) | |
| Total Tax Expenses | (1.45) | (1.25) | |||||
| (1.31) | (3.91) | (3.51) | (3.82) | ||||
| 11 | Profit / (Loss) for the period from continuing operations (9-10) | (82.53) | 26.89 | (20.58) | (53.54) | (121.39) | (358.70) |
| 12 | Profit / (Loss) from discontinuing operations before tax | ||||||
| 13 | Tax expense of discontinuing operations | $\blacksquare$ | |||||
| 14 | Profit / (Loss) from Discontinuing operations after tax (12-13) | ||||||
| 15 | Profit / (Loss) for the period (11 + 14) | (82.53) | 26.89 | (20.58) | (53.54) | (121.39) | (358.70) |
| 16 | Other Comprehensive Income | ||||||
| A) - Amount of item that will not be reclassified to Profit and loss | (0.60) | ||||||
| - Income tax relating to items that will not be reclassifed to profit and | |||||||
| loss | $\overline{a}$ | ||||||
| B) - Amount of item that will not be reclassified to Profit and loss | $\sim$ | ||||||
| - Income tax relating to items that will not be reclassifed to profit and | |||||||
| loss | |||||||
| 17 | Total Comprehenasive Income for the period (15+16) ( Comprising | (82.53) | 26.89 | (20.58) | (53.54) | (121.39) | (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 | 1,193.90 | 1,193.90 |
| 19 | Reserves excluding Revaluation Reserve | 1,031.06 | |||||
| 20 | Earning Per Share before Extraordinary Items | ||||||
| a) Basic | (0.69) | 0.23 | (0.17) | (0.45) | (1.02) | (3.00) | |
| b) Diluted | (0.69) | 0.23 | (0.17) | (0.45) | (1.02) | (3.00) | |
| 21 Earning Per Share after Extrordinary Items | |||||||
| a) Basic | (0.69) | 0.23 | (0.17) | (0.45) | (1.02) | (3.00) | |
| b) Diluted | (0.69) | 0.23 | (0.17) | (0.45) | (1.02) | (3.00) | |
Wealth Visionaries
STATEMENT OF STANDALONE UNAUDITED SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED FOR QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2020
| (Rs. In lacs) | |||||||
|---|---|---|---|---|---|---|---|
| Sr. | Particulars | Quarter Ended | Nine Months Ended | Year Ended | |||
| No. | 31.12.2020 | 30.09.2020 | 31.12.2019 | 31.12.2020 | 31.12.2019 | 31.03.2020 | |
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Audited) | ||
| 1 | Segment Revenue | ||||||
| a) | Investment / Stock Operations | 9.97 | 6.46 | 45.06 | 69.86 | 73.71 | 63.51 |
| b) | Feebased Operations | 60.91 | 54.04 | 53.39 | 146.85 | 149.70 | 210.03 |
| C) | Other Unallocated Revenue | 7.13 | 69.27 | 4.91 | 83.79 | 26.51 | 88.46 |
| Total | 78.00 | 129.77 | 103.36 | 300.51 | 249.92 | 362.00 | |
| Less : Intersegment Revenue | |||||||
| Net Income / (Loss) from operations | 78.00 | 129.77 | 103.36 | 300.51 | 249.92 | 362.00 | |
| $\overline{2}$ | Segment Results Profit/ (loss) before interest and tax | ||||||
| a) | Investment / Stock Operations | 9.26 | 4.27 | 42.20 | 65.67 | 57.91 | (167.09) |
| b) | Feebased Operations | (36.74) | 2.60 | (9.82) | (49.71) | (65.95) | (63.74) |
| Total | (27.48) | 6.86 | 32.38 | 15.96 | (8.04) | (230.84) | |
| Less : Interest | 18.39 | 20.90 | 11.86 | 56.59 | 31.52 | 81.70 | |
| Other unallocable Expenditure net of unallocable revenue | (38.10) | 39.67 | (42.41) | (16.82) | (85.34) | (49.98) | |
| Total Net profit/ (Loss) before Tax | (83.97) | 25.64 | (21.89) | (57.45) | (124.90) | (362.52) | |
| 3 | Segment Assets | ||||||
| a) | Investment / Stock Operations | 463.72 | 454.88 | 463.72 | 463.72 | 463.72 | 455.13 |
| b) | Feebased Operations | 1,809.62 | 1,802.74 | 1,809.62 | 1,809.62 | 1,809.62 | 2,074.20 |
| C) | Unallocated | 1,449.07 | 1,490.96 | 1,449.07 | 1,449.07 | 1,449.07 | 1,521.82 |
| Total Assets | 3,722.41 | 3,748.58 | 3,722.41 | 3,722.41 | 3,722.41 | 4,051.15 | |
| $\overline{4}$ | Segment Liabilities | ||||||
| a) | Investment / Stock Operations | 0:01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 |
| b) | Feebased Operations | 531.41 | 633.53 | 531.41 | 531.41 | 531.41 | 943.72 |
| C) | Unallocated | 100.73 | 89.23 | 100.73 | 100.73 | 100.73 | 108.52 |
| Total Liabilities | 632.15 | 722.76 | 632.15 | 632.15 | 632.15 | 1,052.26 | |
| 5 | Capital Employed (Segment Assests- Segment Liabilities) | ||||||
| a) | Investment / Stock Operations | 463.70 | 454.87 | 463.70 | 463.70 | 463.70 | 455.11 |
| b) | Feebased Operations | 1,278.21 | 1,169.21 | 1,278.21 | 1,278.21 | 1,278.21 | 1,130.48 |
| C) | Unallocated | 1,348.34 | 1,401.74 | 1,348.34 | 1,348.34 | 1,348.34 | 1,413.29 |
| Total Capital Employed | 3,090.26 | 3,025.82 | 3,090.26 | 3,090.26 | 3,090.26 | 2,998.89 |
$\frac{\partial \mathcal{L}{\mathcal{G}}}{\partial \mathcal{L}{\mathcal{G}}^2} = \frac{1}{\sqrt{2}} \mathcal{L}_{\mathcal{G}}^2 \label{eq:1}$
Wealth Visionaries
Notes:
-
- The aforesaid unaudited standalone financial results of Khandwala Securities Limited for the quarter and nine month ended December 31, 2020 have been reviewed by the Audit Committee and subsequently approved by the Board of Directors at its meeting held on February 12, 2021. This statement is as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
-
- The statutory auditors have carried out the limited review report on the aforesaid standalone financial results for the quarter and nine month ended December 31, 2020.
-
- These unaudited standalone financial results have been prepared in accordance with the Indian Accounting Standards (IND AS) as notified by the Ministry of Corporate Affairs and prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India.
-
- Figures of the previous periods have been re-grouped / re-classified wherever considered necessary to make them comparable with the current period's classification.
For and on behalf of the Board of Directors Khandwala Securities Limited
Withonder
Paresh J. Khandwala Managing Director
Place: Mumbai Date: February 12, 2021
Wealth Visionaries
Aniket Kulkarni & Associates Chartered Accountants 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 : [email protected] Website: www.aniketkulkarni.in
Independent Auditor's Review Report on the 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.
-
- We have reviewed the accompanying statement of Unaudited Standalone Financial result of Khandwala Securities Limited ("the Company") for the quarter and nine months ended December 31, 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.
-
- 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.
- 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.
新学
For Aniket Kulkarni & Associates Chartered Accountants Firm Registration No. 130521W
Alukorn
Aniket Kulkarni Proprietor Membership No: - 127246 Place: Mumbai Date: 12th February 2021 UDIN: 21127246AAAAFT2542
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 CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2020
| (Rs. In lacs) | |||||||
|---|---|---|---|---|---|---|---|
| Sr. Particulars | Quarter Ended | Nine Months Ended | Year Ended | ||||
| No. | 31.12.2020 | 30.09.2020 | 31.12.2019 | 31.12.2020 | 31.12.2019 | 31.03.2020 | |
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Audited) | ||
| $\overline{1}$ | Revenue from Operations | 70.88 | 60.49 | 98.45 | 216.72 | 223.41 | 273.54 |
| $\overline{c}$ | Other Income | 7.13 | 69.27 | 4.91 | 83.80 | 26.51 | 88.47 |
| 3 | Total $(1 + 2)$ | 78.00 | 129.77 | 103.37 | 300.51 | 249.93 | 362.01 |
| 4 | Expenses | ||||||
| a | Cost of materials consumed | $\sim$ | $\blacksquare$ | $\frac{1}{2}$ | |||
| b | Purchases of Stock-in-Trade | ||||||
| $\mathbb C$ | Changes in inventories of finished goods work-in-progress and Stock-in | (0.01) | 0.01 | 1.40 | 7.00 | 9.47 | |
| Trade | |||||||
| d | Employee benefits expense | 87.14 | 41.58 | 62.86 | 169.06 | 192.20 | 242.15 |
| e | Finance Cost | 18.39 | 20.90 | 11.86 | 56.59 | 31.52 | 81.73 |
| f | Depreciation and amortization expense | 8.16 | 7.95 | 7.51 | 23.74 | 22.29 | 27.97 |
| g | Other Expenses | 48.30 | 33.70 | 41.69 | 108.58 | 121.88 | 363.31 |
| Total Expenses | 161.98 | 104.13 | 125.31 | 357.96 | 374.88 | 724.64 | |
| 5 | Profit / (Loss) before Exceptional and Extraordinary items and Tax | (83.97) | 25.64 | (21.95) | (57.44) | (124.95) | (362.63) |
| $(3-4)$ | |||||||
| 6 | Exceptional Items | ||||||
| $\overline{7}$ | Profit / (Loss) before Extraordinary Items and Tax (5-6) | (83.97) | 25.64 | (21.95) | (57.44) | (124.95) | (362.63) |
| 8 | Extraordinary Items | ||||||
| $\overline{9}$ | Profit / (Loss) before Tax (7 - 8) | (83.97) | 25.64 | (21.95) | (57.44) | (124.95) | (362.63) |
| 10 | Tax Expenses | ||||||
| Current tax | |||||||
| Deferred tax | (1.45) | (1.25) | (1.31) | (3.91) | (3.51) | (3.82) | |
| Total Tax Expenses | (1.45) | (1.25) | (1.31) | (3.91) | (3.51) | (3.82) | |
| 11 | Profit / (Loss) for the period from continuing operations (9-10) | (82.53) | 26.89 | (20.64) | (53.54) | (121.44) | (358.81) |
| 12 | Profit / (Loss) from discontinuing operations before tax | ||||||
| 13 | Tax expense of discontinuing operations | ٠ | |||||
| 14 | Profit / (Loss) from Discontinuing operations after tax (12-13) | ||||||
| 15 | Profit / (Loss) for the period (11 + 14) | (82.53) | 26.89 | (20.64) | (53.54) | (121.44) | (358.81) |
| 16 Other Comprehensive Income | |||||||
| A) - Amount of item that will not be reclassified to Profit and loss | ÷. | (0.60) | |||||
| - Income tax relating to items that will not be reclassifed to profit and | |||||||
| loss | $\mathcal{L}$ | ||||||
| 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 | (82.53) | 26.89 | (20.64) | (53.54) | (121.44) | (359.40) | |
| 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 | 1,193.90 | 1,193.90 |
| 19 | Reserves excluding Revaluation Reserve | 968.78 | |||||
| 20 | Earning Per Share before Extraordinary Items | ||||||
| a) Basic | (0.69) | 0.23 | (0.17) | (0.45) | (1.02) | (3.01) | |
| b) Diluted | (0.69) | 0.23 | (0.17) | (0.45) | (1.02) | (3.01) | |
| 21 Earning Per Share after Extrordinary Items | 0.23 | (0.17) | (0.45) | (1.02) | (3.01) | ||
| a) Basic | (0.69)(0.69) | 0.23 | (0.17) | (0.45) | (1.02) | (3.01) | |
| b) Diluted |
Wealth Visionaries
STATEMENT OF CONSOLIDATED UNAUDITED SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED FOR QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2020
| Sr | Particulars | Quarter EndedNine Months Ended | (Rs. In lacs) | ||||
|---|---|---|---|---|---|---|---|
| No. | 31.12.2020 | 30.09.2020 | 31.12.2019 | 31.12.2020 | Year Ended | ||
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | 31.12.2019 | 31.03.2020 | ||
| (Unaudited) | (Audited) | ||||||
| 1 | Segment Revenue | ||||||
| a) | Investment / Stock Operations | 9.97 | 6.46 | 45.06 | 69.86 | ||
| b) | Feebased Operations | 60.91 | 54.04 | 53.39 | 146.85 | 73.71 | 63.51 |
| $\circ$ | Other Unallocated Revenue | 7.13 | 69.27 | 4.91 | 83.80 | 149.70 | 210.03 |
| Total | 78.00 | 129.77 | 103.36 | 300.51 | 26.51249.93 | 88.47 | |
| Less : Intersegment Revenue | 362.01 | ||||||
| Net Income / (Loss) from operations | 78.00 | 129.77 | 103.36 | 300.51 | 249.93 | 362.01 | |
| $\overline{\mathbf{2}}$ | Segment Results Profit/ (loss) before interest and tax | ||||||
| a) | Investment / Stock Operations | 9.26 | 4.27 | 42.20 | 65.67 | 57.91 | |
| b) | Feebased Operations | (36.74) | 2.60 | (9.88) | (49.71) | (66.00) | (167.09)(63.74) |
| Total | (27.48) | 6.86 | 32.32 | 15.96 | (8.10) | (230.84) | |
| Less : Interest | 18.39 | 20.90 | 11.86 | 56.59 | 31.52 | 81.73 | |
| Other unallocable Expenditure net of unallocable revenue | (38.10) | 39.67 | (42.41) | (16.82) | (85.34) | (50.06) | |
| Total Net profit/ (Loss) before Tax | (83.97) | 25.64 | (21.95) | (57.44) | (124.95) | (362.63) | |
| 3 | Segment Assets | ||||||
| a | Investment / Stock Operations | 139.01 | 117.45 | 126.28 | 139.01 | 126.28 | 117.70 |
| b) | Feebased Operations | 1,809.62 | 1,804.08 | 1,824.27 | 1,809.62 | 1,824.27 | 2,087.00 |
| C) | Unallocated | 1,711.55 | 1,764.82 | 1,709.71 | 1,711.55 | 1,709.71 | 1,784.23 |
| Total Assets | 3,660.18 | 3,686.35 | 3,660.26 | 3,660.18 | 3,660.26 | 3,988.92 | |
| $\overline{4}$ | Segment Liabilities | ||||||
| a) | Investment / Stock Operations | 0,01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 |
| b) | Feebased Operations | 531.41 | 633.53 | 531.41 | 531.41 | 531.41 | 943.72 |
| C) | Unallocated | 100.78 | 89.27 | 100.81 | 100.78 | 100.81 | 108.57 |
| Total Liabilities | 632.20 | 722.81 | 632.23 | 632.20 | 632.23 | 1,052.31 | |
| 5 | Capital Employed (Segment Assests- Segment Liabilities) | ||||||
| a) | Investment / Stock Operations | 139.00 | 117.44 | 126.27 | 139.00 | 126.27 | 117.68 |
| b) | Feebased Operations | 1,278.21 | 1,170.56 | 1,292.86 | 1,278.21 | 1,292.86 | 1,143.28 |
| C) | Unallocated | 1,610.78 | 1,675.55 | 1,608.90 | 1,610.78 | 1,608.90 | 1,675.66 |
| Total Capital Employed | 3,027.98 | 2,963.54 | 3,028.03 | 3,027.98 | 3,028.03 | 2,936.61 |
$\frac{d^2\phi}{dt^2} = \frac{1}{\sqrt{2}}\frac{d^2\phi}{dt^2} \label{eq:10}$
Wealth Visionaries
Notes:
-
- The aforesaid unaudited consolidated financial results of Khandwala Securities Limited for the quarter and nine month ended December 31, 2020 have been reviewed by the Audit Committee and subsequently approved by the Board of Directors at its meeting held on February 12, 2021. This statement is as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
-
- The statutory auditors have carried out the limited review report on the aforesaid unaudited consolidated financial results for the quarter and nine month ended December 31, 2020.
-
- The aforesaid consolidated financial results represents the results of Khandwala Securities Limited and its associate i.e. Trumonee Financial Limited, for the quarter and Nine Month ended December 31, 2020 and have been prepared in accordance with the Indian Accounting Standards (IND AS) as notified by the Ministry of Corporate Affairs and prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued there under and other accounting principles generally accepted in India.
-
- Figures of the previous periods have been re-grouped / re-classified wherever considered necessary to make them comparable with the current period's classification.
For and on behalf of the Board of Directors Khandwala Securities Limited
P. S. Khander
Paresh J. Khandwala Managing Director
Place: Mumbai Date: February 12, 2021.
Wealth Visionaries
Aniket Kulkarni & Associates Chartered Accountants
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 : [email protected] Website : www.aniketkulkarni.in
Independent Auditor's Review Report on the Unaudited Consolidated 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.
-
- We have reviewed the accompanying statement of Unaudited Consolidated Financial result of Khandwala Securities Limited ("the Company") and its share of the net profit/(loss) after tax and total comprehensive income/loss of its associates for the quarter and nine months ended December 31, 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 read with relevant circulars issued by SEBI. 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.
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- We conducted our review 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.
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- The consolidated results in the statement include results of its associate Company i.e. Trumonee Financial Limited.
- 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's Regn.No.-130521W
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Aniket Kulkarni Proprietor Membership No 127246 Date: 12th February 2021 UDIN: 21127246AAAAFU7296