Lambodhara Textiles Ltd. — Annual Report 2021

Jun 25, 2021

.44n/adnana 1ertilza .4ci,utteZ

Regil. Ofice : 3A, 3" Eloor, B Block, Pioneer Apart neflts, 70758, Aainashi Roail, Coimbatorc - 547 078.ladit Telefm : +97 A2 2249038 & 4357083. E-mail : info@lauboilhatatextiles.com uww.lamboilharatextibs.com GSTIN : 33AAACL3524B7Z9 lE Coile i 3207006787 CIN : L77777T27994PLC004929

25th June . 2021

To

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

Dear Sir,Madam,

Sub: Outcome of Board Meeting held on 25.06.2021 .

Ref: Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 20 I 5.

Symbol Series LAMBODI{ARA EQ

The Board of Directors of the Company at its meeting hetd on Friday, 25th lune 2021 had inter-alia considered and approved the following;

• 1. Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 we are enclosing herewith the following documents;
  • a) Audited Financial results for the quarter and year ended 31st March, 2021 .
  • b) Auditors Report on Financial results for the year ended 31sr March,2021, further note that the statutory auditors of the Company have expressed an unmodified audit opinion in this regard.
  • c) Declaration pursuant to Regulation 33(3Xd) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMDI 5612016 dated 27 "May, 2016.
• shareholders in the upcoming Annual Gencral Mccting, the dividend amount 2. Pursuant to Regulation 30 ol SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the board of directors have recommended a dividend ofRe.1/- per share of Rs.5/- each (20o/o on the lace value of Rs.5/- each) for the financial year ended 3l'r March, 2021, subject to the approval of

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Regd. Ofice :3A,3'd Floor, B Blocb Pioneer Apdfirnentq70758, Aainashi Roail, Coimbatorc - 647 078,lnitia Tele/at : +97 422 2249038 & 4357083, E-mail : infoalamboilharatextiles.com www,lambodhatatextiles.corn GSTIN : 33AAACL3524B7Z| lE Coile i 3201,006781 CIN : L77777T27994PLC004929

after deducting appticable TDS, will be paid to the shareholders with the prescribed time.

• 1. To convene the 27th Annual General Meeting of the Company on Thursday the 91r' September, 2021 through video conferencing / other audio visual means. The details on the manner of attending the AGM and casting votes by shareholders will be set out in the Notice of the AGM.
• 1. The Register of Members and Share Transfer Books of the Company u,ill remain closed for the purpose of Annual General Meeting and payment of dividend as detailed below:

Closure of Register of Members and Share	3'd September 2021
Transfer Books for the purpose of payment of	to
dividend and AGM	9tr' Septembcr 2021
The Record Date for determining the members	2nd September 2021
eligible to receive the aforesaid dividend

The dividend will be paid to those shareholders whose name appears on the Register of Members maintained by the Company/ List of Beneficial Owners as received from the depositories as on 2,,d September 2021 (record date).

Kindly take the same on record.

Thanking yo Yours fai ly For Lam Textiles Ltd.,

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

Encl:a.a

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

LAMBODHARA TEXTITES LIMITED

ctN t17111T2 1994 Pt-C 004929

Regd. Office :3A, 3rd Floor, B 8lock, Pioneer Apartments 10758, Avinashi Road, Coimbatore - 641018, lndia Telefax: +91-422-43S1083

Email & lnvestor G.ievance lD : info@lambodharatextiles.com Web: www.lambodharatextiles.com

Statement of Audited Financial Results for the Quarter and Year ended 31.03.2021

		(Rs. in l-akhs)
			Quarter Ended	Year Ended
S.No	Particulars	31.03.2021	3',1.'12.2020	31.03.2020	31.03.2021	3',t.03.2020
		Audited	Unaudited	Audited	Audited	Audited
	lncome :
1	Revenue from Operations	4,759.92	4,376.O7	4,101.30	1L,826.96	77,466.26
2	Other lncome	46.96	39.36	34.62	146.59	1o4.07
3	Total Revenue ( l+2)	4,206.48	4,355.43	4,135.92	11,973.65	17,570.33
4	Expenses :
	(a) Cost of materials consumed	7,937.57	7,440.57	1,884.61	5,04s.9s	4,372.40
	(b) Purchase of Stock-in-Trade	383.36	283.28	603.84	8s0.39	2,287.75
	(c) Changes in lnventories of Finished Goods, Stock-in-Trade
	& Work-in-Process	(1s1.36)	765.86	\6r.77],	247.30	l22.st)
	(d) Employee Benefit Expense	244.92	249.83	264.O5	777.91	1,070.26
	(e) Finance Cost	1727.t8],	173.95	230.68	294.10	476.70
	(0 Depreciation & Amortization Expenses	146.19	L66.97	201.81	688.84	727.46
	(g) Other expenses
	- Manufacturing and operating	6L4.2 t	510.49	677.22	1,800.15	2,797.82
	( Stores and spares consumed, Conversion charges, power and fuel)
	- Others	231.88	27t.09	2L4.17	153.39	993.00
	Total Expenses	3,279.59	3,862.(X	4,OO9.21	t0,492.63	16,690.09
5	Profit before Exceptional ltems and Tax (34)	927.29	493.39	126.77	,48t.O2	880.24
6	Exceptional items
7	Profit Before Tax (5+6)	927.29	493.39	726.77	7,441.O2	880.24
8	Tax expenses :
	(a) Current tax	L75.77	82.36	(s.19)	268.20	746.62
	(b) Deferred tax	103.02	24.79	7 7 .88	154.04	46.92
	(c) Tax in respect of earlier years			0.6s		0.65
	Profiu(Loss) After Tax for the period (7{}	648.50	386.84	57.37	1,058.78	686.05
10	Other Comprehensive lncome (Net of lncome Tax)
	A. ltems thal will not be reclassified to Profil or Loss
	(l) Remesurements of net defned benefit plans	(6.31)		(2.69)	{6.31)	(2.6e)
	B. ltems that will be reclassitied to Profit or Loss
	(l) Remesurements of Fair value oI invesetments in bonds	(6.76)	(7.s3)
11	Total comprehensive income for the period (9+10)	635.43	379.31	s4.68	'74.29)1,038.18	683.36
12	Paid-up equity share capital (Face Value of Rs,s/- each )	s18.88	478.88	478.88	518.88	478.88
13	Reserves Excludlng Revaluation Reserves as per Balance
	Sheet of previous accounting year				6,320.54	4,985.05
14	Earnings per Equity Share
	a) Basic	6.52	4.04	0.60	10.95	7.76
	b) Diluted	6.52	4.04	0.60	10.95	7.76

Notes:

1. The above financial results have been reviewed by the Audit Committee at their Meeting on 25th lune 2021 and approved by the Board Directors at their meeting held on 25th June 202l. The results for the quarter and year ended 3lst March 2o2l and 3lst March 2020 have been audited by the Statutory Auditors of the Company.

2. The format for audited quarterly results as prescribed in SEBl's circular clR/cFD/cMDl75l2ors dated November 30, 2015 has been modified to comply with the requirements of SEBI's circular dated July 5 2016, lnd AS and Schedule (Part [) to the Companies Act, 2013, which are applicable to companies that are required to comply with lnd AS.

3. This statement has been prepared in accordance with the Companies (lndian Accounting Standards) Rules, 2015 {lnd AS) prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable.

4. Foreign Currency monetary assets & liabilities (other than those covered by forward contracts) for the quarter ended 31.03.2021 has been reinstated based on the exchange rates prevailing as on 31.03.2021 and exchange differences of Rs.170.12 Lakhs is credited to Statement of profit & Loss account.

5. DurinB the Quarter/Year Ended 31st March, 2021 the Company has alloted 4,OO,OOO number of Equity Shares at Rs.48.15/- per Share (Consisting of Rs.5/- Per Share on capital and Rs.43.15/- Per Share on Premium) under preferential mode to Strike Right tntegrated Services Limited (Member of Promotor Grou p) & 4,oo,ooo number of Equity Sha res at Rs.48.15/- Per Sha re {consisting of Rs.5/- per Sha re on capital a nd Rs.43.15/- Per Share on Premium) under preferential mode to Ms.Giulia Bosco {Whole-Time Director) and the company had r€.eived Listing Approval for the above mentioned shares from the National stock Exchange of lndia Limited (Stock Exchange, where the Equity shares of the company is Listed) on 25th February, 2021 and the said shares were admitted to dealings vide Tradin8 Approval from 2nd March 2021 and due to this preferential issue the Paid up Capital of the Company had increased from Rs.4,78,88,000 to Rs.5,18,88,000.

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

7. The figures for the quarters ended 31st March 2021 and 3lst March 2O2O are the balancing figures between the audited figures in respect the full financial year and the published year to date figures up to the third quarter of the relevant financial year.

8. The Company has organised the business into segments, viz., Textiles, Windmill and Real Estate. This reporting complies with lnd AS segment reporting principles.

9. The Management has considered the possible effects that may arise out of the covlD 19 pandemic and exercised du€ care in concluding on significant accounting judgements and estimates, inter-alia, recoverability of receivables, assessment for impairment of inventory, and other assets based on the information available to date, both internal and external, to the extent relevant, while preparing these financials as of and for the year ended March 31, 2021. Based on the assessment of current indicators of foture economic conditions, the management does not envisage any significant impact on its financials and financial positions as on March 31, 2021 owing to the pandemic. The impact assessment of COVID 19 is a continuing process given the uncertainties associated with its nature and duration, and accordingly, the eventual outcome may be different from those estimated as on the date of approval of the financials.

10. The Board of Directors have recommended a dividend of 20% (Re.1.OO per Equity Shares of face value of Rs.5/- each) for the financial year ended 3lst March 2021. The payment of dividend is subject to the approval of the shareholders in the ensuing Annual General Meeting.

Place: Coimbatore Date :25.06.2021

Or*^:*"," sd/- Giulia Bosco DIN:01898020 Whole-Time Director

LAMBODHARA TEXTILES I.IMITED ctN 117111T2 1994 PLC 004929 Regd. Office : 34, 3rd Floor, B Block, pioneer Apartments 10758, Avinashi Road, Coimbatore - 641 018, tndia Telefax: +9t-422-43StOA3 Email & lnvestor Grievance lD : info@lambodharatextiles.com Web: www.lambodharatextiles.com

Segmentwise Revenue, Results, Assets and Liabilities for the quarter and year ended 31.03.2021

(Rs. in Lakhs)
Particulars		Quarter Ended				Year Ended
		3',1.03.2021	3',1.12.2020	31.03.2020	3',1 .03 .202,1	3'1.03.2020
	Audited		Unaudited	Audited	Audited	Audited
Segment Revenue
(i) Textiles		4,O7 7.72	4,234.65	4,030.42	11,309.93	L7,O99.68
(ii) Windmill		704.37	91.49	66.01	549.94	315.00
(iii) Real Estate		31.39	29.29	39.49	773.18	155.6s
Tota I		4,206.88	4,355.43	4,L35.92	1r,973.65	L7,570.33
Less : lnter segment Revenue
Net Segment Revenue		4,206.AA	4,355.43	4,735.92	7L,973.65	L7,570.33
Segment Result (Profit before Finance Cost and Tax)
(i) Textiles		729.32	635.30	342.63	1,394.30	7,123.44
(ii) Windmill		52.38	32.93	L7 .17	3 30.25	754.32
(iii) Real Estate		21.LO	24.72	35.47	95.89	737.90
Total		808.80	592.95	395.81	7,42O.44	1,4L5.66
Less : Finance cost
(i) Textiles		(73.00)	96.47	r42.86	!63.62	343.36
{ii) Windmill		\42.7 rl	59.47	69.70	96.88	90.44
(iii) Real Estate		l7r.47l	18.01	78.72	34.20	42.30
Total		(127.18)	173.95	230.58	294.70	416.70
Less : Unallocable Expenses		8.69	25.6r	34.42	44.12	59.33
Profit Before Tax		927.29	493.39	126.77	1,481.02	880.24
Segment Assets
(i) Textiles		10,196.54	9,545.36	8,957.29	10,196.s4	8,9s7 .29
(ii) windmill		2,238.57	2,347.O3	2,356.44	2,238.s7	2,356.44
(iii) Real Estate		1,468.80	7,48t.!L	7,448.32	1,468.80	7,488.32
Add: Unallocable Assets		2.0s	2.s8	5.44	2.O5	5.44
TotalAssets		r3,905.96	13,376.08	L2,807.49	13,905.96	L2,AO7.49
Segment Liabilities
(i) Textiles		3,733.02	4,333.90	4,775.37	3,733.02	4,t75.37
(ii) Windmill		1,170.88	1,315.40	7,334.77	1,170.88	7,338.17
(iii) Real Estate		426.62	450.10	427.22	426.62	427.22
Add: Unallocable Liabilities		967.O!	688.88	693.79	961.07	693.79
Total Liabilities		6,297.53	6,744.28	6,574.55	6,297.53	6,57 4.55

Notes on Segment lnformation

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

2. Segment-wise bifurcation of fusets 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 unallocable.

3. The figures of previous quarter / year have been re-grouped / restated wherever necessary

Place Date Coimbatore 25.06.202L

\ I )\ ,rtt:- \1 ' ); alu

fra Whole-Time Director Order of the Board sd/- Giulia Bosco DIN :01898020

I.AMBODHARA TEXTILES LIMITED ctN 117111T21994 PLC 004929

Regd. Ot{ice : 3A, 3rd Floor, B Block, Pioneer Apartments

10758, Avinashi Road, Coimbatore - 641018, lndia Telefax: +91422-4351083

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

Cash Flow Statement for the period ended 3lst March 2021

PARTICULARS		Rs. in [akhs
	Period ended 31st	Period ended 3lst
	March 2021	March 2020
A. CASH FLOW FROM OPERATING ACTIVITIESProlit before exceptionalitems and tax
Adjustments for :	1,481.O2	880.24
Depreciation and amortisation expenses
Finance cost	688.84	721.46
Unrealised exchange difference	294.70(4.ss)	416.10
Fair Valuation of lnvestments	(4.23)	{15.12)
Provision for Debtors	0.70
lnterest lncome	(s1.70)
(Profit)/ loss on sale offixed assets (net)	2.31	{s5.s4)3.45
Operating Profit before working capital changes	2,367.05	2,O14.59
Adjustments for:
(lncrease)/decrease in Trade & other receivables	712.19	762.O4
(lncrease)/decrease in inventories	42.O2	77 4.51
lncrease/(Decrease) in trade & other Payables	1163.27)	96.47
lncrease/(Decrease) in provisions	22.20	20.59
	2,340.79	3,558.20
Less: Direct Tax Paid (net of Refunds)	146.62	242.36
	2,234.77	3,425.84
Less: Exceptional ltems
Net Cash (used in)/generated from operating activities after
exaeptional items	2,234.17	3,425,U
B. CASH FLOW FROM INVESTING ACTIVITIES
Sale proceeds ofproperty, plant and equipment	11.92	25.47
Sale of Trade lnvestments	15.91	13.50
lnterest received	72.39	52.57
Purchase of Property, Plant and equipment	(864.73)	(1,807.45)
lnvestments in Eonds	{806.72)
lnvestments in Portfolio Management fund	(s00.0o)
lnvestment in certificate of deposit	(600.00)	{200.00)
Net cash lused in )/ generated from investing adivities	(2,66s.23)	(1,91s.91)
C. CASH FI.OW FROM FINANCING ACNV TIES
Proceeds from long -term borrowings (net)		714.99
lncrease in Paid Up Capital& Security premium reserve	385.20
Repayment of long term borrowinBs	(80.71)
Repayment of short term borrowings	1322.9s1	17t9.91)
Dlvidend paid	(48.69)	(9s.96)
Dividend Distribution Tax		(1e.5e)
Principal Payment of lease liabilities	12.121	(0.se)
lnterest paid on lease liabilities	{0.15)	(0.1s)
lnterest paid	(301.26)	{4s1.11)
	(370.59)	(632.88)
Net cash (used in )/ Eenerated from financing activities		877.05
Net increase/decrease in €ash and cesh equivalents {A+B+C)	(801.7s)
	934.18	51.13
Add: Cash and cash equivalentsat beginningofthe periodCash and cash equivalents at end of the period	132.43	934.18
Cash & Cash equivalents as per Balance Sheet	132_43	934.18

Place : Coimbatore Date : 25.06.2021

rd sd/ Giulia Bosco DIN :01898020 hole-Time Director

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LAMBODHARA TEXTILES LIMITED

ctN 117111T21994 PLC 0{M929 Regd. Office :34,3rd Floor, B Block, Pioneer Apartments

10758, Avinashi Road, Coimbatore - 541018, lndia Telefax: +91-422-4357Oa3

Email & lnvestor Grievance lD : inro@lambodharatextiles.com Web: www.lari1bodharatextiles.com

Statement of Assets and Liabilities as at 31st March, 2021

			s. in Lakhs
		As at 31st March	As at 31st March
S.No.	Particulars	202t	2020
		Audited	Audit€d
	AssetsNon-Current Assets
1	a) Property, PIant and Equipment
	b) Rightto use Assets	6,763.270.95	6,699.37
	c) Capital work-in-progress		3.07
	d) lnvestment Property	148.851,429.25	44.66
	e) FinancialAssets		7,439.57
	i) lnvestments	0.05	15.96
	ii) Other Financial Assets
	f) Current Tax Assets (Net)	168.362]^.t6	63.15
	g) Other Non-Current Assets	704.73	7.62
	Total Non-Current Assets		166.15
2	Current Assets	8,636.52	8,439.55
	a) lnventories	1,451.20	1,493.22
	b) FinancialAssets
	i) lnvestments	1,307.24
	ii)Trade Receivables	157.54	1,170.89
	iii) Cash and Cash Equivalents	732.43	934.18
	iv) Bank Balances other than Cash and Cash Equivalents	708.05	208.85
	v) Loans	0.97	l.7a
	vi) Other Financial Assets	23.46	4.15
	c) Other Current Assets	888.41	554.87
	Total Current Assets	5,269.34	4,367.94
	Total Assets	13,905.96	12,807.49
B	EQUITY AND TIABITITIES
1	Equity
	a)Equity Share capital	518.88	478.88
	b) Other Equity	7,089.55	5,754.06
	TotalEquity	7,604.43	6,232.94
2	LIABILITIES
	Non-current liabilities
	a) Financial Liabilities
	i) Borrowings	3,294.04	3,681.07
	ii) Other Financial Liabilities	63.89	52.29
	b) Provisions	724.05	98.66
	c) Deferred Tax Liabilities (Net)	695.54	541.50
	d) Other Non-Current Liab:lities	40.22	109.81
	Total Non-Current l-iabilities	4,267.74	4,483.33
	Current Liabilities
	a) Financial Liabilities
	i) Borrowings		322.94
	ii) Trade Payables
	a) Tota l outbndih8 d ues of Mifio Enterprkes a nd sma ll Ente.prises	56.25	51.19
	b)rota outstanding dles orCredito6 otherlhan Mi o Eht€rpr s€s
	a.d sma!lEnterprkes	385.26	414.76
	iii) Other Financial Liabilities	1,771.33	874.62
	b) Provisions	10.70	7.54
	c) Liability for Current Tax (Net)	268.20	746.62
	d) Current Tax Liabilities	144.05	213.51
	Total Current Liabilities	2,O35.79	2,O97.22
	Total Equity and Liabilities	13,905.96	r2,4o7.49
			d,>tr

ts MOIl {1_',:/ 1 t. t a ,

order offhe Board sd/- Giulia Bosco DIN :01898020

Whole Time Director

By

Place: Coimbatore Date : 25.05.2020

Sarada Buitding - 1st Floor 4'10, Raja Street, COIMBATORE - 641 001 a 2393540, 2381273, 4393540 e-mait : jainramani@yahoo.co. in PAN : AACFJ8319B

INDEPENDENT AUDITORS' REPORT

Report on the Audit of Standalone Financial Results

Jain 6lvlohan

CHARTERED ACCOUNTANTS

The Board of Directors Lambodhara Textiles Limited 3-4 'B' Block, 3'd Floor, Pioneer Apartments, 1075-8, Avinashi Road, Coimbatore - 641 018.

Opinion

• 1. We have audited the accompanyinB Standalone Annual Financial Results ('the Statement') of Lambodhara Textiles Limited ("the company'') for the year ended March 31, 2021 attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("the Listing Regulations").
• 1. ln our opinion and to the best of our information and according to the explanation given to us, the aforesaid Statement for the year ended March 31, 2021:
  • i. is presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended and
  • ii. give a true and fair view in conformity with the applicable lndian Accounting Standards ('lnd AS') prescribed under section 133 of Companies Act,2013 (the "Act") read with relevant rules issued thereunder, and other accounting principles generally accepted in lndia, of the net profit and other comprehensive income and other financial information of the Company for the year ended March 31, 2021.

Basis for Opinion

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1. We conducted our audit in accordance with the Standards on Auditing (SAs) specified underSection 143(10)ofthe Companies Act, 2013. Our responsibilities under those Standards are further described in the 'Auditor's Responsibilities for the Audit of the statement section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the lnstitute of Chartered Accountants of lndia ('the lCAl') together with the ethical requirements that are relevant to our audit of the standalone financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our opinion.

Responsiblllties of Manatement and Those Charged with Governance for the Statement

1. This statement has been prepared on the basis of the standalone annual financial statements and has been approved by the Company's Board of Directors. The Company's Board of Directors are responsible foi the preparation and presentation of these statement that give a true and fair view of the net profit and other comprehensive income and other financial information of the company in accordance with the accounting principles generally accepted in lndia, including lnd AS prescribed under Section 133 of the Act, read with relevant rules issued thereunder and other accounting principles generally accepted in lndia and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for

Sarada Building - 1st Floor 410, Raja Street, COIMBATORE - 641 001 a 2393540, 738127 3, 4393540 e-mai[ : jainramani@yahoo.co.in PAN : AACFJ8319B

preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and com pleteness of the accounting records, relevant to the preparation and presentation of the Statement that gives a true and fair view and are free from material misstatement, whether due to fraud or error.

• 1. ln preparing the Statement, the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
• 1. The Board of Directors are also responsible for overseeing the financial reporting process of the Company.

CHARTERED ACCOUNTANTS

Jain 6 Mohan

Audlto/s ne3ponslbllltles tor the Audlt of the Statement

• 1. Our objectives are to obtain reasonable assurance about whether the Statement as a whole are free from material misstatement, whether due to fraud or error, and to issue an audito/s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in aacordance with Standards on Auditing, will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this Statement.
• 1. As part of an audit in accordance with Standards on Auditing, we exercise professional ludgment and maintain professional skepticism throughout the audit. we also:
  • ldentify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedure responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
  • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under section 143 (3) (i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to financial statements and the operating effectiveness of such controls.
  • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Management.
  • Conclude on the appropriateness ofthe management's use of the going concern basis of accounting, and based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast siSnificant doubt on the Company's ability to continue as a going concern. lf we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our audito/s report. However, future events or conditions may cause the Company to cease to continue as a going concern.

Sarada Euitding - 1st Ftoor 410, Raja Street, COIMBATORE - 641 001 a 2393540, 2381273, 4393540 e-mai[ : jainramani@yahoo.co.in PAN : AACFJ83198

• Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represents the underlying transactions and events in a manner that achieves fair presentation.
• 1. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
• 1. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that, may reasonably be thought to bear on our independence, and where applicable, related safeguards.

Other Matters

1. The Statement includes the financial results for the Quarter ended March 31, 2021 being the balancing figure 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. Our report on the Statement is not modified in respect of this matter.

For Jain & Mohan Chartered Accountants FRN 0068955

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U DIN 2\ozjoto Ae4+S839t+ c. Amritha6iJain Partner M.No.023060

Date: 25th June 2021 Place: Coimbatore

Jain 6 Mohan

CHARTERED ACCOUNTANTS

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Regil, Ofice : 3A,3r Eloor, B Blocl<, Pioneer Apaftmeflts, 70758, Aoinashi Roail, Coimbatote - 7 078,lndia Telelax : +97 tt22 22490i8 & 4357083. E-mail : info@lamboilharute*tiles.com zouw.lambodharatertiles.com GSTIN : 33AAACL3524B1Z9 lE Code | 3207006787 CIN : L77777T27994PLC004929

25th Jtne,202l

To

The Listing Department 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(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMDI5612016 dated 27 t May , 2016.

Symbol : LAMBODHARA Serics : EQ

Pursuant to Regulation 33(3) (d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, I, Ramesh Shenoy Kalyanpur (DIN: 06392237) Whole-Time Director cum Chief Financial Officer of the Company, do hereby declare and confirm that M/s Jain & Mohan, Chartered Accountants, (Firm Regn. No: 0068965) the Statutory Auditors of the Company have issued an Audit Report with un odified opinion on the Audited Financial Results of the Company for the financial ended 31't March. 2021.

For L b a Textiles Ltd.,

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

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

Works : B2G, Thazhaiyuthu, P ani - 624 678, lnitia (D : +97 4252 252253 & 252057 E-mail : mill@lamboilharatettiles.com