Kilburn Engineering Ltd — Interim / Quarterly Report 2022

Nov 10, 2022

Plot No. 6, MIDC Industrial Area, Saravali, Thane – 421 311 , Maharashtra. INDIA. � : 91 2522 663 800 �: 91 2522 281026 � : marketing@kilburnengg.com � : www.kilburnengg.com

==> picture [38 x 35] intentionally omitted <==

==> picture [392 x 19] intentionally omitted <==

10[th] November, 2022

To To, The Corporate Relationship Department The Secretary BSE Limited The Calcutta Stock Exchange Ltd., P.J. Tower 7 , Lyons Range, Dalal Street, Fort Kolkata – 700 001 Mumbai - 400 001 Scrip Code: BSE 522101 Scrip Code: CSE 21022

Sub: Outcome of the Board Meeting held on 10[th] November, 2022

This is to inform you that as per regulation 30, 33 and other applicable provisions of SEBI ( Listing Obligations and Disclosure Requirements ) Regulations, 2015, the Board of Directors of the company have at their meeting held on 10[th] November, 2022, inter-alia :

1. Approved Unaudited Financial Statements, as per regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as following :

2. i. Results for the second quarter and half year ended on 30[th] September, 2022. ii. Statement of Assets & Liabilities of the Company on 30[th] September, 2022. iii. Statement of Cash Flows for the half year ended on 30[th] September, 2022.

The abovementioned Financial Statements are enclosed herewith, alongwith the Limited Review Report.

An extract of the same will be published in newspapers.

Thanking you,

Yours faithfully, For Kilburn Engineering Limited

Arvind Digitally signed by Arvind Bajoria Date: 2022.11.10 Bajoria 12:33:49 +05'30' Arvind Bajoria Company Secretary & DGM (Costing )

M. no. A15390

Encl: a/a

AN ISO-9001: 2000 CERTIFIED COMPANY CIN : L24232WB1987PLC042956 REGD. OFFICE : FOUR MANGOE LANE, SURENDRA MOHAN GHOSH SARANI, KOLKATA – 700 001, INDIA.

KILBURN ENGINEERING LIMITED

Registered Office : Four Mangoe Lane, Surendra Mohan Ghosh Sarani, Kolkata - 700 001

CIN: L24232WB1987PLC042956 , Tel No: 033 22313337 , Fax No: 033-22314768 , Website: www.kilburnengg.com STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE HALF YEAR ENDED 30 SEPTEMBER 2022

		₹ in Lakhs	₹ in Lakhs	₹ in Lakhs	₹ in Lakhs	₹ in Lakhs	₹ in Lakhs
Sr. no.	PARTICULARS	QUARTER ENDED (UNAUDITED)	QUARTER ENDED (UNAUDITED)	QUARTER ENDED (UNAUDITED)	HALF YEAR ENDED (UNAUDITED)	HALF YEAR ENDED (UNAUDITED)	YEAR ENDED (AUDITED)
		30.09.2022	30.06.2022	30.09.2021	30.09.2022	30.09.2021	31.03.2022
1	Income
	a. Revenue from Operations	5,213	4,890	2,294	10,103	4,186	12,275
	b. Other Income	408	188	13	596	62	165
	Total Income	5,621	5,078	2,307	10,699	4,248	12,440
2	Expenses
	a. Cost of Materials Consumed	3,038	2,586	1,254	5,624	1,971	6,473
	b. SubcontractingCharges	314	274	259	588	468	1,069
	c. Changes in Inventories of Finished Goods and Work in Progress	(76)	279	(117)	203	(62)	(208)
	d. Employee Benefits Expense	435	413	380	848	750	1,442
	e. Finance Costs	218	176	235	394	462	878
	f. Depreciation and Amortisation Expenses	65	63	69	128	136	280
	g. Other Expenses	585	847	400	1,432	760	2,203
	Total Expenses	4,579	4,638	2,480	9,217	4,485	12,137
3	Profit /(Loss) before Tax(1-2)	1,042	440	(173)	1,482	(237)	303
4	Tax Expense
	i)Adjustment oftax relating to earlierperiods	-	-	-		-	24
	ii)Deferred Tax	300	151	4	451	7	124
	Total Tax Expenses	300	151	4	451	7	148
5	Net Profit /(Loss) for the Period/ Year(3-4)	742	289	(177)	1,031	(243)	155
6	Other Comprehensive Income /(Loss)
a.	Items that will not be reclassified to Profit or Loss	(31)	(26)	209	(57)	336	146
b.	Items that will be reclassified to Profit or Loss	-	-	-	-	-	-
	Other Comprehensive Income /(Loss), net of tax	(31)	(26)	209	(57)	336	146
7	Total Comprehensive Income / (Loss) for the Period/Year (5+6)	711	263	32	974	92	301
8	Paid-upEquityShare Capital(Face Value ₹ 10 each)	3,431	3,431	2,821	3,431	2,821	3,431
9	Reserves excludingRevaluation Reserve				4,657	2,043	3,683
10	EarningsPerShare (EPS) (in ₹) (not annualisedforthe quarters)
	Basic and Diluted EPS (in ₹)	2.16	0.84	(0.63)	3.01	(0.86)	0.54
Also refer accompanying notes to the Financial Results.

NOTES:

1 The above results have been reviewed and recommended by the Audit Committee and approved by the Board of Directors at its meeting held on 11th November, 2022.

2 The Company has recognised deferred tax assets (net) amounting to Rs. 2,852 Lakhs as on 30th September, 2022 (Rs. 3,303 Lakhs as on 31st March, 2022). The Management of the Company believes that there will be adequate future taxable profits available against which the deferred tax assets can be utilised.

3 During the quarter ended 30th September, 2022, the Company has redeemed 0.01% 50,00,000 Cumulative Redeemable Preference Shares (CRPS) amounting to Rs. 500 Lakhs, allotted to RBL Bank Limited at a Fair Value of Rs. 171 Lakhs. The resultant fair value gain in early redemption of CRPS amounting to Rs. 329 Lakhs, in accordance with the Ind AS 109 " Financial Instruments" has been included in "Other Income" of the above Financial Results.

• 4 In line with the provisions of Ind AS 108 - Operating Segments, Chief Operating Decision Maker (CODM) reviews the operations of the Company as the manufacturer of Engineering Products, which is considered to be the only reportable segment by the management. Accordingly, no separate disclosure of segment information has been made.

5 The Company's operations and its results vary from period to period, depending on the delivery schedule of the customers.

• 6 Previous period figures have been regrouped / rearranged wherever necessary, to correspond with those of the current period classification.

			Sundee Digitally signed by Sundeep	By Order of the Board RANJIT Digitally signed by RANJIT PAMO LALA
Date	:	10th November, 2022	p Singhi Singhi Date: 2022.11.10 12:29:38 +05'30'	(Ranjit Lala) Managing Director PAMO LALA Date: 2022.11.10 12:14:56 +05'30'
Place	:	Kolkata		DIN 07266678

KILBURN ENGINEERING LIMITED

STATEMENT OF ASSETS AND LIABILITIES AS ON 30 SEPTEMBER 2022

		₹ in Lakhs	₹ in Lakhs
Sr. No.	PARTICULARS	AS AT 30 SEPTEMBER 2022	AS AT 31 MARCH 2022
		(Unaudited)	(Audited)
A	ASSETS 1. Non-Current Assets (a) Property, Plant and Equipment (b) Intangible Assets (c) Financial Assets - Investments - Other Financial Assets (d) Income Tax Assets (Net) (e) Deferred Tax Assets (Net) (f) Other Non-Current Assets Total Non-Current Assets 2. Current Assets (a) Inventories (b) Financial Assets - Trade Receivables - Cash and Cash Equivalents - Bank Balance other than included in Cash and Cash Equivalents above - Other Financial Assets (c) Contract Assets (d) Other Current Assets Total Current Assets TOTAL ASSETS	4,114 21 915 33 301 2,852 49	4,155 7 967 26 268 3,303 49
		8,285	8,775
		1,456 3,510 70 1,534 48 7,151 1,543	1,027 5,046 710 939 38 5,693 1,059
		15,312	14,512
		23,597	23,287
B	EQUITY AND LIABILITIES 1. Equity (a) Equity Share Capital (b) Other Equity Total Equity 2. Non-Current Liabilities (a) Financial Liabilities - Borrowings - Other Financial Liabilities Total Non-Current Liabilities 3. Current Liabilities (a) Financial Liabilities - Borrowings - Trade Payables a) total outstanding dues of micro enterprises and small enterprises b) total outstanding dues of creditors other than micro enterprises and small enterprises - Other Financial Liabilities (b) Provisions (c) Contract Liabilities (d) Other Current Liabilities Total Current Liabilities TOTAL - EQUITY AND LIABILITIES	3,431 4,887	3,431 3,914
		8,318	7,345
		6,002 733	6,145 1,173
		6,735	7,318
		1,111 20 1,795 86 67 5,316 148	1,471 55 2,592 29 59 4,279 139
		8,544	8,624
		23,596	23,287
By Order of the Board (Ranjit Lala) Date : 10th November, 2022 Managing Director Place : Kolkata DIN 07266678 RANJIT PAMO LALA Digitally signed by RANJIT PAMO LALA Date: 2022.11.10 12:17:09 +05'30' Sundee p Singhi Digitally signed by Sundeep Singhi Date: 2022.11.10 12:30:27 +05'30'

Kilburn Engineering Limited

Statement of Cash Flows for the half year ended 30th September, 2022

Kilburn Engineering Limited Statement of Cash Flows for the half year ended 30th September, 2022	Kilburn Engineering Limited Statement of Cash Flows for the half year ended 30th September, 2022	Kilburn Engineering Limited Statement of Cash Flows for the half year ended 30th September, 2022	Kilburn Engineering Limited Statement of Cash Flows for the half year ended 30th September, 2022
Cash Flows from Operating Activities : Profit /(loss) before Tax Adjustments to reconcile profit/(loss) before tax to net cash flows: Depreciation and Amortisation Expense Foreign Exchange (Gain)/Loss (net) Loss /(Profit) on disposal of Property, Plant and Equipment Finance Costs Bad debts written off Provision for loss allowance Liabilities / Provisions no longer required written back Fair Value Gain on Redemption of CRPS Interest Income Operating Profit/(Loss) before Working Capital changes Working capital adjustments: (Increase)/decrease in Contract Assets and Other Financial Assets (Increase)/decrease in Trade Receivables (Increase)/decrease in Inventories (Increase)/decrease in Other Assets Increase /(decrease) in Trade Payables Increase /(decrease) in Provisions Increase /(decrease) in Other Financial Liabilities Increase /(decrease) in Contract Liabilities and Other Liabilities Cash Generated from / (used in) Operations Income Tax Paid (net of refunds) Net Cash Flows from / (used in) Operating Activities (A) Cash Flows from Investing Activities : Proceeds from sale of Property, Plant and Equipment Purchase of Property, Plant and Equipment (including Intangible Assets) Interest Income Received Net Cash Flows from / (used in) Investing Activities (B) Cash Flows from Financing Activities : Finance Costs Paid Proceeds from Issue of Equity Shares Proceeds from Issue of Convertible Equity Share Warrants Payment for Cumulative Redeemable Preference Shares Expenses Incurred on Issue of Securities Repayment of Long Term Borrowings Proceeds from Short Term Borrowings Repayment of Short Term Borrowings Increase / (decrease) in Working Capital Borrowings (net) Net cash flows from / (used in) Financing Activities (C) Net increase / (decrease) in Cash and Cash Equivalents (A+B+C) Cash and Cash Equivalents at the beginning of the year Cash and Cash Equivalents at the end of the year Components of Cash and Cash Equivalents : Balances with banks - On Current Accounts - Cash on hand Less : Bank Overdraft Total Cash and Cash Equivalents at the end of theyear Net Bank Balances not considered as Cash and Cash equivalents	For the Half Year ended 30 September 2022 (Unudited) 1,482 128 16 1 394 26 227 (75) (329) (154) 1,716 (1,465) 1,267 (429) (483) (758) 3 57 1,046 954 (32) 922 - (103) (595) 152 (546) (395) - - (171) - - - - (247) (813) (437) 507 70 68 2 - 70	For the Half Year ended 30 September 2021 (Unudited) (237) 136 (16) - 462 1 (35) (1) - (10) 300 (556) 1,619 (119) (406) 24 1 - (671) 192 (4) 188 - (17) (18) 11 (24) (456) - - - - - - - 4 (452) (288) 773 485 520 1 36 485	₹ in Lakhs
			For the Year ended 31 March 2022
			Audited
			303 280 2 1 878 54 63 (77) - (20)
			1,484 (1,687) (974) (209) (355) 539 (28) 10 1,134
			(86) (16)
			(102)
			65 (32) (575) 23
			(519)
			(860) 2,075 231 - (34) (630) 300 (300) (426) 356
			(265)
			772
			507
			707 3 203
			507
By Order of the Board (Ranjit Lala) Date : 10th , November 2022 Managing Director Place: Kolkata DIN05174555 The Statement of Cash Flows has been prepared under the indirect method as set out in Indian Accounting Standard (Ind AS 7) Statement of Cash Flows. RANJIT PAMO LALA Digitally signed by RANJIT PAMO LALA Date: 2022.11.10 12:17:44 +05'30' Sundee p Singhi Digitally signed by Sundeep Singhi Date: 2022.11.10 12:31:01 +05'30'

V. SINGHI & ASSOCIATES Chartered Accountants 61, 6[th] Floor, Sakhar Bhavan 230, Nariman Point, Mumbai 400 021 Phone: +91 22 6250 1800 E-Mail: mumbai@vsinghi.com

INDEPENDENT AUDITOR’S REVIEW REPORT ON THE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30[th ] SEPTEMBER, 2022

Review Report to The Board of Directors Kilburn Engineering Limited Four Mangoe Lane Surendra Mohan Ghosh Sarani Kolkata - 700001

1. We have reviewed the accompanying Statement of Unaudited Financial Results of Kilburn Engineering Limited (the “Company”) for the quarter and half year ended 30[th] September, 2022 (the “Statement”).

==> picture [52 x 35] intentionally omitted <==

1. This Statement, which is the responsibility of the Company’s management and approved by the Board of Directors, has been prepared in accordance with recognition and measurement principles laid down in the Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”) prescribed under section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion 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 Statement is free of material misstatement. A review is limited primarily to inquiries of the 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.

Digitally signed Sundee by Sundeep Singhi Date: 2022.11.10 p Singhi 12:50:46 +05'30'

Bengaluru | Delhi | Guwahati | Hyderabad | Jaipur | Kolkata | Mumbai | Ranchi | Surat

4. Conclusion

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 recognised accounting practices and policies and has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For V. Singhi & Associates Chartered Accountants Firm Registration No.: 311017E

Sundeep Digitally signed by Sundeep Singhi Date: 2022.11.10 Singhi 12:49:54 +05'30'

Place: Kolkata Date: 10[th] November, 2022

(SUNDEEP SINGHI) Partner Membership No.: 063785 UDIN:22063785BCSBIL2640