Lambodhara Textiles Ltd. — Annual Report 2019

May 29, 2019

?ertileo .4a,naea

Regd. Offce : 3 A, f Floor B Block, Pioneer Apaitments, 1075 B, Avinashi Road, Coimbatore - 64t 018, India Telefu: +91 422 2249038 &4351083. E-nail: info@lambodharatqctiles.com www.lambodharatextiles.com GSTIN:33AAACL352481Z9 I.E. Code # 3201006I II CIN: LI7I I ITZI994PLC004929

29th May,2019

To

1'hc Listing Dcpartment National Stock Exchange of India l-imited. Exchange PIaza, Bandra Kurla Complex. Bandra (E), Mumbai - 400 051.

Dear Sir/Madam.

Sub: Outcome of Board Meeting held on 29.05.2019.

Ref: Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201 5.

Syrnbol Series :LAMBODtIARA :EQ

The Board of Directors of the Company at its rneeting held on Wednesday,29th May 2019 had inter-alia considered and approved the follorving;

• Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requircn-rcnts) Rcgulations. 2015 rvc are enclosing herovith the lollorving documents;
  • a) Audited Financial results fbr the quarter and year ended 31't March. 2019.
  • b) Auditors Report on Financial results for the year ended 3l't March,20l9, further note that the statutory auditors ol the Company have expressed an unmodified audit opinion in this regard.
  • c) Declaration pursuant to Regulation 33(3)(d) ol the SEBI (Listing Obligations and Disclosurc Requirements) Regulations. 2015.
• 1. Pursuant to Regulation 30 of SEBI (Listing Obligations Requirements) Re-s.ulations. 20 15, the board of directors have dividend of Rs.l/- per share of Rs.5/- each (20% on the lace val lor the financial year endcd 3 1't March, 20 I 9, sub.iect to shareholders in the upcoming Annual Gcneral Mecting. a corrmended a of Rs.5/- each) e approval ol Disclosurc

v \1 Works : 826, Thazhairythu, Palani - 624 618, India @: +91 4252 252253 & 25205 rlltl extiles.com

--. I

D

.4arn/adn4na ?ertcleo -4 riaileZ

Regd. Ofice : 3 A, 3" Floor B Block, Pioneer Apaiments, 1075 B, Avinashi Road, Coimbatore - 641 018, In4ia Telelax: +91 422 2249038 & 4351083. E-nail : info@lambodharatextiles.com www.lambodharatextiles.com GSTIN : 3 3AAACL3 5 24 B I 29 I. E. Code # 3 20 I 006 I 8 I CN : L I 7 I I I TZ I 994 PLC0049 2 9

• 1. To convene the Annual General Meeting ol the Company on Thursday the 26th Septernber,20l9
• 1. Re-appointment ol Mr. Vastupal Rainikant Mehta (holding DIN:02368358) as an Independent Director of the Company lbr the second lcrm in at the ensuing annual general rneeting.
• 1. Rc-appointment of Mr. Deepak Padarnshi Malani (holding DIN:02400918) as an Indepcndcnt Director of the Company fbr the second term in at thc cnsuino annual general meeting.
• 1. Re-appointment ol Mr. Meenakshi Sundaram Rajkumar (holding DIN: 06935422) as an Independent Director of the Company lor the second term in at the ensuing annual general meeting.

The disclosure relating to appointment ol Directors pursuant to Regulation 30 read *'ith Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. 201 5 is enclosed as Annexure - A.

The Board Meeting commenced at I1.30 A.M and concluded at 12.35 P-M

Kindly t e the sarne on rccord

Thank g you Your arthfully bodhara Textiles Ltd..

Ramesh Shenoy Kalyanpur DIN: 06392237 Whole-Time Director cum Chief Financial Officer

Encl:a.a

Cc: The Listing Department, BSE Limited. Phiroze Jeejeebhoy'fou'ers. Dalal Street. Mumbai - 400 001 .

LAMBODHARA TEXTILES LIMITED

CIN L17111 TZ 1994 PLC 004929

Regd. Office: 3A, B Block, Pioneer Apartments 1075B, Avinashi Road, Coimbatore - 641 018, India Telefax: +91-422-4351083

Email & Investor Grievance ID: info@lambodharatextiles.com Web: www.lambodharatextiles.com

Statement of Audited Financial Results for the Quarter and Year ended 31st March 2019

		Year EndedQuarter Ended			(RS. In Lakns)
S. No.	Particulars	31.03.2019	31.12.2018	31.03.2018	31.03.2019	31.03.2018
		Audited	Unaudited	Audited	Audited	Audited
	Income:
$\mathbf{1}$	Revenue from Operations	4,453.82	4,304.50	5,078.59	17,480.50	16,673.33
$\overline{2}$	Other Income	50.78	17.65	43.55	102.32	62.68
3	Total Revenue (1+2)	4,504.60	4,322.15	5,122.14	17,582.82	16,736.01
$\Delta$	Expenses:
	(a) Cost of materials consumed	2,283.19	2,156.49	2,361.38	9,412.88	9,005.71
	(b) Purchase of Stock-in-Trade	643.86	660.63	934.13	1,654.08	1,150.82
	(c) Changes in Inventories of Finished Goods, Stock-in-
	Trade & Work-in-Progress	(60.41)	(29.73)	78.55	(3.46)	48.61
	(d) Employee Benefit Expenses	241.71	294.79	278.34	1,071.90	991.23
	(e) Finance Cost	44.86	(162.35)	197.66	227.06	663.39
	(f) Depreciation & Amortization Expenses	178.10	146.96	165.41	619.08	601.70
	(g) Other expenses	907.48	970.19	970.38	3,642.04	3,436.22
	Total Expenses	4,238.79	4,036.97	4,985.85	16,623.58	15,897.68
5	Profit before Exceptional Items and Tax (3-4)	265.81	285.18	136.29	959.24	838.33
6	Exceptional items
$\overline{7}$	Profit before tax (5+6)	265.81	285.18	136.29	959.24	838.33
8	Tax expense:
	(a) Current tax	37.88	53.81	53.64	231.00	200.10
	(b) Deferred tax	10.30	(14.21)	41.99	(29.02)	41.99
	(c) Tax in respect of earlier years			1.14		1.14
9	Profit/(Loss) after tax for the period (7-8)	217.63	245.58	39.53	757.26	595.11
10	Other Comprehensive Income (Net of Income Tax)
	A. Items that will not be reclassified to Profit or Loss
	(I) Remesurements of net defined benefit plans	10.32		(4.33)	10.32	(4.33)
	B. Items that will be reclassified to Profit or Loss
11	Total comprehensive income for the period (9+10)	227.95	245.58	35.20	767.58	590.78
12	Paid-up equity share capital (Face Value of Rs.5/- each)	478.88	478.88	478.88	478.88	478.88
13	Reserves (excluding Revaluation Reserve) as shown in the
	Audited Balance Sheet of the Previous Year	٠		$\blacksquare$	4,417.15	3,765.03
14	Earnings per Equity Share
	a) Basic	2.27	2.56	0.38	7.91	6.52
	b) Diluted	2.27	2.56	0.38	7.91	6.52

Notes :

1. The above financial results have been reviewed by the Audit Committee at their Meeting on 29th May 2019 and approved by the Board of Directors at their meeting held on 29th May 2019.

2. This statement has been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind As) Prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable.

3. The format for audited quarterly results as prescribed in SEBI's Circular CIR/CFD/CMD/15/2015 dated November 30, 2015 has been modified to comply with the requirements of SEBI's circular dated July 5 2016, Ind AS and Schedule III (Part II) to the Companies Act, 2013, which are applicable to companies that are required to comply with Ind AS.

4. The Company has organised the business into segments, viz., Textiles, Windmill and Real Estate. This reporting complies with Ind AS segment reporting principles. 5. Effective April 1, 2018, the company has adopted Ind AS 115 'Revenue from Contracts with Customers'. The application of Ind AS 115 did not have any material impact on the finacial statements of the Company.

5. The Figures for the quarters ended 31st March 2019 and 31st March 2018 are the balancing figures between the audited figures/Ind AS restated figures in respect of the full financial year and the published year to date figures/ Ind AS restated figures up to the third quarter of the relevant financial year.

AMB

$7311$

1. The Board of Directors at the meeting held on 29th May 2019 have recommended a dividend of 20% (Rs.1/- per Equity Shares of face value of Rs.5/- each) for the financial year ended 31st March 2019. The payment of dividend is subject to the approval of the shareholders in the ensuing Annual General Meeting.

2. The figures for the previous periods have been re-grouped/re-arranged wherever necessary to make them comparable with those of current period.

Place : Coimbatore Date: 29.05.2019

der Giulia Bosco NN: 01898020 Whole-Time Director

Board

$\cdot$ $\cdot$ $\cdot$ $\cdot$

LAMBODHARA TEXTILES LIMITED CIN L17111 TZ 1994 PLC 004929

Regd. Office: 3A, B Block, Pioneer Apartments

1075B, Avinashi Road, Coimbatore - 641 018, India Telefax: +91-422-4351083

Email & Investor Grievance ID : info@lambodharatextiles.com Web: www.lambodharatextiles.com

Segmentwise Revenue, Results and Capital Employed for the Quarter and Year ended 31.03.2019

					(Rs. in Lakhs)
	Quarter Ended			Year Ended
Particulars	31.03.2019	31.12.2018	31.03.2018	31.03.2019	31.03.2018
	Audited	Unaudited	Audited	Audited	Audited
1. Segment Revenue
(i) Textiles	4,376.43	4,215.80	4,986.88	17,190.82	16,248.20
(ii) Windmill	92.40	71.02	99.30	250.90	366.02
(iii) Real Estate	35.77	35.32	35.97	141.10	121.79
Total	4,504.60	4,322.15	5,122.14	17,582.82	16,736.01
Less: Inter Segment Revenue
Net Segment Revenue	4,504.60	4,322.15	5,122.14	17,582.82	16,736.01
2. Segment Result (Profit before Finance Cost and Tax)
(i) Textiles	248.29	88.07	267.68	1,006.35	1,237.82
(ii) Windmill	55.64	30.02	63.58	117.95	230.05
(iii) Real Estate	31.31	19.12	32.06	122.23	94.02
Total	335.24	137.21	363.31	1,246.53	1,561.90
Less: Finance cost
(i) Textiles	62.74	(83.56)	130.60	210.33	457.38
(ii) Windmill	(6.38)	(25.58)	42.26	6.82	132.70
(iii) Real Estate	(11.50)	(53.21)	24.80	9.91	73.31
Total	44.86	(162.35)	197.66	227.06	663.39
Less : Unallocable Expenses	24.58	14.38	29.36	60.24	60.17
Profit Before Tax	265.81	285.18	136.29	959.24	838.33
3. Segment Assets
(i) Textiles	9,652.81	8,907.47	8,787.21	9,652.81	8,787.21
(ii) Windmill	1,076.28	1,124.40	1,166.51	1,076.28	1,166.51
(iii) Real Estate	1,495.26	1,506.67	1,504.72	1,495.26	1,504.72
Add: Unallocable Assets	1.10	1.10	1.12	1.10	1.12
Total Assets	12,225.45	11,539.65	11,459.56	12,225.45	11,459.56
4. Segment Liabilities
(i) Textiles	5,677.87	5,158.42	5,306.84	5,677.87	5,306.84
(ii) Windmill	457.82	507.95	684.04	457.82	684.04
(iii) Real Estate	422.97	433.96	454.75	422.97	454.75
Add: Unallocable Liabilities	1.75	2.23	1.01	1.75	1.01
Total Liabilities	6,560.41	6,102.55	6,446.64	6,560.41	6,446.64

Notes on Segment Information:

1. Segment Revenue, Segment Results represent amount identifiable to each of the Segments. Other "unallocable expense " mainly includes Corporate expenses on common services not directly identifiable to individual segments.

2. Segment wise bifurcation of Assets and Liabilities for Textiles Business, Windmill Business and Real Estate Business are shown to the extent identifiable, other assets and liabilities jointly used by all segments are shown as unallocated.

$\widehat{\overline{\omega}}$

1. The previous year figures have been re-grouped / restated wherever necessary.

Place: Coimbatore Date: 29.05.2019

of the Boa sd/- Cjulia Bosco DIN: 01898020

Whole-Time Director

LAMBO 冨

WITED

IAMBODHARA TEXTILES I,IMITED

ctN t17111T2 1994 PLC 004929

Regd, Office: 3A, B Block, Pioneer Apartments

10758, Avinashi Road, Coimbatore - 641018, lndia Telefax: +91-422-43570A3

Email & lnvestor Grievance lD : info@lambodharatextiles.com web: www.lambodharatextiles.com

Statement of Assets and Liabilities as at 31st Mar.h, 2019

			(Rs. in Lakhs)
		As at	As at
S.No,	Particulars	31st March 2019	31st March 2018
		Audited	Audited
A	Assets
1	Non-Cufient Assets
	a) Property, Plant and Equipment	5,646.74	4,966.72
	b) Capital Work-in Progress	38.94	a7.14
	c) lnvestment Property	1,449.88	1,450.19
	d) FinancialAssets
	i) lnvestments	29.46	3.51
	ii) Other Financial Assets	83.70	55.29
	e) Current Tax Assets (Net)	7.62	1.62
	e) Other Non-Current Assets	161.98	116.90
	Total Non-Curent Assets	7,418.36	6,697.37
2	Current Assets
	a) lnventories	2,267.14	1,880.81
	b) FinancialAssets
	i)Trade Receivables	1,392.69	t,182.90
	ii)Cash and Cash Equivalents	57.13	492.3525.lJ
	iii) Bank Balances other than Cash and Cash Equivalents	44.06
	iv) Loans	0.12	5.22
	v) Other Financial Assets	0.18	0.43
	d) Other Current Assets	7,045.17	575.30
	Total Current Assets	4,807.09	4,762.74
	TotalAssets	t2,225.45	11,459.56
B	EQUITY AND LIABITITIES
1	Equity
	a) Equity Share capital	478.88	478.88
	b) Other Equity	5,186.16	4,534.04
	TotalEquity	5,665.04	5,OLz.92
2	t-tABtUTtES
	Non-Current Liabilities
	a) Financial Liabilities
	i)Borrowings	2,655.08	2,614.70
	ii) Other Financial Liabilities	45.45	46.76
	b) Provisions	75.56	69.57
	c) Deferred Tax Liabilities (Net)	494.57	523.60
	d) Other Non-Current Liabilities	138.55	89.80
	Total Non-Current Liabilities	3,409.21	3,403.24
	Current Liabilities
	a) Financial Liabilities
	i) BorrowinBs	1,102.93	1,105.40
	ii)Trade Payables
	a) Total outstanding dues of Mi.ro Enterprises and Small Enterprises	75.47
	b) Total outstandint dues of creditoB otherthan Micro Enterprlses
	and SmallEnterprises	4t7.89	793.51
	iii) Other Financial Liabilities	1,152.00	786.03
	b) Provisions	7.40
	c) Liability for Current Tax (Net)	24L.7 t	200.10
	d) Current Tax Liabilities	153.80	153.08
N.r	Total Current Liabilities	3,151.20	3,043.40
o.rx\	Total Equity and Liabilities	12,225.45	11,459.56

Date Coimbatore 29.05.2019 0alaS

• A) .{ m tA I

e sdl- G ia Bosco the DIN :01898020 Whole-Time Director

Sarada Buitding - 1st Ftoor 410, Raja Street, COIMBATORE - 641 001 a 2393540, 238127 3, 4393540 e-mai[ : j ainramani@yahoo. co. in PAN : AACFJ8319B

CHARTERED ACCOUNTANTS

Jain 6 Mohan

INDEPENDENT AUDITORS' REPORT TO THE BOARD OF DIRECTORS OF LAMBODHARA TEXTILES LIMITED

• I We have audited the accompanying Statement of Financial Results of Lambodhara Textiles Limited ("the Company"), for the year ended March 31, 2019 ("the Statement"), being submitted by the Company pursuant to the requirement of Reguldtion 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as modified by Circular No. CIR/CFD/FACl62/2OL6 dated July 5, 2016.
• 2 This Statement, which is the responsibility of the Company's N4anagement and approved by the Board of Directors, has been compiled from the related Ind AS financial statements which has been prepared in accordance with the Indian Accounting Standards prescribed under Section 133 of Companies Act, 2013, read with relevant rules issued thereunder ("Ind AS") and other accounting principles generally accepted in India. Our responsibillty is to express an opinion on the Statement based on our audit of such financial statements.
• We conducted our audit in accordance with the Standards on Auditinq issued by the Institute of Chadered Accountants of India. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the Statement is free from material misstatement. 3

An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the statement. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the Statement, whether due to fraud or eTror. In making those risk assessments, the audito.r considers internal control relevant to the Company's preparation and fair presentation of the Statement in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by the lvlanagement, as well as evaluating the overall presentation of the Statement.

We believe that the audit evidence obtalned by us is sufficient and appropriate to provide a basis for our audit opinion.

• 4 In our opinion and to the best of our information and according to the explanations given to us, the Statement:
  • a is presented in accordance with the requirements of Regulations 33 of the SEBI (Listinq Obliqations and Disclosure Requirements) Regulations,2015, as modified by Circular No. CIR/CFD/FAC/62/2076 dated luly 5, 2016; and

Sarada Buitding - 1st Floor 410, Raja Street, COIMBATORE - 641 001 E 2393540, 2381773, 4393540 e-mai[ : jainramani@yahoo. co. in PAN : AACFJ8319B

• gives a true and fair view in conformity with the aforesaid Indian Accounting Standards and other accounting principles generally accepted in India of the net profit and total comprehensive income and other financial information of the Company for the year ended lvlarch 31,2019. b
• 1. The Statement includes the results for the Quarter ended March 3L,2OL9 being the balancing figures between audited figures in respect of the full financial year and the published year to date figures up to the third quarter of the current financial year which were subject to limited review by us.

For la in & Mohan Chartered Accountants FRN 0068965

e

C. Amrithalal Jain Partner t'4.No.023060

Date: 29rh May 2019 Coimbatore

CHARTERED ACCOUNTANTS

Jain 6lvlohan

Regd. Offce : 3 A, Y Floor, B Block, Pioneer Apaiments, t075 B, Avinashi Road, Coimbatore - 641 0lg, India Telefax: +91 422 2249038 & 4351083. E-mail: info@lambodharatextiles.com www.lambodharatextiles.com GSTN : 33AAACL3 5248 I 29 I.E. Code # 3 20 I 006 I 8 I CN : L I 7 t I I 7Z I 994PLC004929

29'h May,20l9

'I'o

The Listing Departmcnt National Stock Exchange of India Limited. Exchange Plaza, Bandra Kurla Complex. Bandra (E), Mumbai - 400 051.

Dear Sir/Madam^

Sub: Declaration pursuant to Regulation 33(3Xd) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Synrbol : LAMIIODIIARA Scrics : EQ

Pursuant to Regulation 33(3) (d) of the SEBI (Listing Obligations and Disclosure Requirernents) Regulations,20l5. as arnended, I, Ramesh Shenoy Kalyanpur (DIN: 06392237) Whole-Tirne Director curn Chief Financial Ofllcer of the Company, do hereby declare and conllnn that M/s Jain & Mohan, Chartered Accountants, (F irm Regn. Report : 0068965) the Statutory Auditors of the Company have issued an Audit ith unmodified opinion on the Audited Financial Results of the Company lbr thc ll cial year ended 3 I st March, 201 9.

fb bodhara Textiles Ltd.,

Ramesh Shenoy Kalyanpur DIN: 06392237 Whole-Time Director cum

Chief Financial Oftcer

Cc: The Listing Department, BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001.

.4an/dnarta, ?ertilea .4dca&ed

Regd. Ofrce : 3 A, f Floox B Block Pioneer Apaitnents, 1075 B, Avinashi Road, Coimbatore - 641 018, lndia Telefar : +91 422 2249038 & 4351083. E-mail : info@lambodharatextiles.com www.lambodharatextiles.com GSTN : 31L4ACL35248IZ9 I.E.Code#320100618I CIN: LI7I I ITZI994PLC004929

Annerrrre - A

Information as required untler Regulation -10 read rvith Schedule lll of the SEBI (Listinq Obligations and Disclosure Requirenrents) Regulations,20l5 as follows:

Na me	Vastu palRajn ika nt	DeepakPadamshi	Meenakshi Sundaram
	Mehta	Malani	Rajkumar
Director	02368358	02400928	00119411
ldentification
Number
Date of Birth	04.06.1951	20.11.1950	02.02.1965
Year of induction	15th November 1995	15th November 1995	4th August 2014
to the Board
lnter-se	None of the Directors,	None of the Directors,	None of the Directors,
relationship with	Key Managerial Persons	KeyManagerial	Key Managerial Person s
other Directors	of the Company	Persons ofthe	of the Company
	and their relatives are	Company	and their relatives are
	related to Mr. Vastu pal	and their relatives are	relatedtoMr.
	Rajnika nt Mehta	related to Mr. Deepak	Meenakshi Sundaram
		Padamshi Malani	Rajkumar
Qualification	Graduate	G rad uate	Graduate
Exp e rt isetn	Has been in Textile	Vast knowledge of the	Vast knowledge of the
fu nctiona I a reas	Business for the past 33	Textile Busin ess	Textile Business
	years
Shareholding	Nil	Nil	Nil
BoardPosit io n	lnde pendent Director	lnd epe nd ent Director	ln depend ent Director
held
Termsand	Proposed to be re	Proposed to be re	Proposed to be re
conditionsof	appointed for a secon d	appointed for a second	a ppointed for a second
appointment I	term of 5 consecutive	term of 5 consecutive	term of 5 consecutive
reappointment	years.	years.	years.
Directorships -	Doesnothold	Doesnoth old	notDoeshold
Name of Company	directorship inany	directorship inany	directorship inany
	oth er company	other company	other company
Chairman/Member
Other Companies	Nil	Nil	Nil
in which he is
director		I

m