Regd. off.: Gul N0.399 Samangaon - Kalala Phata, Jalna-Ambad Road 0pp. lVeenaiai Thakare Vridhashram JALNA . 431 203. ([4.S.) lndia. ofi. 09765999633 E-mai ; [email protected] Sile: vluw laxmicotspin.com

ctN No. 117120MH2005P1C156866

Rel No. Date :

Dare:24/06/2021

To, NATIONAL STOCK EXCHANGE OF INDIA LTD, Listing Department Exchange Plaz4 C-1, Block G, Bandra Kurla Complex, Bandra (East), Mumbai, 400051

Ref: - (symbot - utXlticor, tsltt - Ilsgo1v01019) SUBJECTT - OUTCOME OF BOARD MEETING HELD ON 24rn JUNE, 2OZ1

Dear Sir / Madam,

Pursuant to provisions ofReg. 30 and 33 ofSEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, with Schedule III of the said Regulations, it is hereby informed you that the meeting of the Board of Director of utxMl corsPIN LIMITED was held today i.e. Thursday, fune 24t" 2027 at 5.00 p.m. and concluded at 5.30 p.m. at the Registered office ofthe company, has inter alia, considered, and approved the following business;

1. Board has considered and approved Audited Financial statements for the year ended 31st March, 2021. (Scanned copy of the same together with auditors report is attached herewith).
2, The board has not recommend dividend in the meeting.
1. Board has considered and seeking Shareholders approval for issuance of 3,50,000 (Three Lacs Fiffy Thousand only) sweat Equity shares to Mr. sanjay Rathi Managing Directoiofthe company, in consideration of the value addition and services to be rendered by him towards the growth and development of the company, on the basis- of Valuation ieport obtained from SERI registered Merchant Banker. The Issue price glf the shares shali be determined on the basis of the sEBI (lssue of sweat EquityJ Rlgulations, zo02 and accordingly the value ofthe Sweat Equity Shares shall be known on the Relevant Date.
1. The Board of directors has decided for recommendation of 'Laxmi stock option Scheme-2021' which will be discussed and uploaded after meeting of Nomination and Remuneration Committee of the Company till 1Oth July, 2021.

You are requested to take same on your record.

Thanking you, FORLAXMI COTSPIN LIMITED

SANJAY KACHRUIIIL RATHI Managing Director DtN- 00182739 Place: falna

SING]I .I|UNDADA & ASSOCIATTS

Report

102, 'Kalpataru', Plot No. 51/52, Aditya Nagar, Sutgirni Chowk, Aurangabad - 431005. Ph.:0240 -2357851. Mob.: 9822001 733, 937 1114414. email : [email protected] [email protected] Website : www.bpsinghandco.in

Report on the Standalone Financial Statements

We have audited the accompanying standalone financial statements of M/s. Laxmi Cotspin Limited ("the Company") which comprise the tsalance Sheet as at 3l.st March, 202L, the Statement of Profit and Loss, for the period ended, the Cash l:low statement and a summary of significant accounting policies and other explanatory inlormation.

Opinion

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid standalone financial statements give the information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India:

a. In case of the Balance Sheet, of the "State of Affairs" of the Company as at 31st March, 202t; and
b. In the case of the Statement of Profit and Loss, of the "Profit" for the year ended on that date;
c. In the case of the Cash Flow Statement, of the "Cash flows" for thc year ended on that date.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing [SAs) specified under section 143(10) of the Companies Act, 2013. Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Companies Act, 2013 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 we have obtained is sufficient and appropriate to provide a basis for our opinion'

Emphasis of Matter

The Company has not considered the effect of ICDS while calculating the amount of income tix provision and Deferred Tax Liability, amount of which cannot be quantified. Our opinion is not qualified in this matter.

Management's Responsibility for the Standalone Financial Statements

The Company's Board of Directors is responsible for the matters stated in section 134t5) of tnu Companies Act, 2013 ("the Act") with respect to the preparation of these stan-dilone financiil statements that give a true and fair view of the financial position, financial performance and cash floWs of the Company in accordance with the accounting principles generally accepted in_ including the accounting Standards specified under section 133 of the Act, 7of the Companies (Accounts) Rules, 201'4. ainten This responsibility also inclu ofadequate accounting records in

Independent Auditor's Report on Audit of Standalone Financial Statements

accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate implementation and maintenance of accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial statement that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, management is 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 management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

Those Board of Directors are also responsible for overseeing the Company's financial reporting process.

Auditor's Responsibilities for the Audit of the Financial Statements

Our responsibility is to express an opinion on these standalone financial statements based on our audit. We have taken into account the provisions of the Act, the accounting and auditing standards and matters which are required to be included in the audit report under the provisions of the Act and the Rules made there under.

We conducted our audit in accordance with the Standards on Auditing specified under Section 143(10) of the Act. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement, whether due to fraud or error. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance 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 these

An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal financial control relevant to the Company's preparation of the financial statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on whether the Company has in place an adequate internal financial controls system over financial reporting and the operating effectiveness of such controls. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by the Company's Directors, as well as evaluating the overall presentation of the financial

statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the standalone financial statements.

Report on Other Legal and Regulatory Requirements

1. With respect to the adequacy of the internal financial controls over financial reporting of the Company and the operating effectiveness of such controls, refer to our separate Report in "Annexure A". Our report expresses an unmodified opinion on the adequacy and operating effectiveness of the Company's internal financial controls over financial reporting.
1. As required by the Companies (Auditor's Report), 2016 ("the Order") issued by the Central Government of India in terms of sub-section (11) of the section 143 of the act, we give in the Annexure-B a statement on the matters specified in paragraphs 3 and 4 of the order.
1. As required by section 143 (3) of the Act, we report that:
- a) We have sought and except for the matter described in the Emphasis of matter paragraph, obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purpose of our audit.
- b) Except for the possible effects of the matter described in the Emphasis of matter paragraph above, in our opinion proper books of account as required by law have been kept by the Company so far as it appears from our examination of those books.
- c) Since, the company does not have any branches, the report on the accounts of the branch offices audited by other auditor u/s 143 (8) of the Act is not applicable.
- d) The Balance Sheet, the Statement of Profit and Loss and the Cash Flow Statement dealt with by this Report are in agreement with the books of account.
- e) Except for the possible effects of the matter described in the Emphasis of matter paragraph, in our opinion, the Balance Sheet, Statement of Profit and Loss and Cash Flow statement comply with the Accounting Standards specified under section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014.
- f) The matter described in the Emphasis of matter paragraph above, in our opinion, may not have an adverse effect on the functioning of the company.
- g) On the basis of written representations received from the directors as on 31st March, 2021 taken on record by the Board of Directors, none of the directors is disqualified as on 31st March, 2021 from being appointed as a director in terms of Section 164 (2) of the Act.
- h) The qualification relating to maintenance of accounts and other matters connected therewith are as stated in Emphasis of matter paragraph above.

i) With respect to the other matters to be included in the Auditor's Report in accordance with Rule 11 of the Companies (Audit and Auditors) Rules, 2014, in our opinion and to the best of our information and according to the explanations given to us:
- i. The company has disclosed the impact of pending litigations on its financial position in its financial statements- refer Notes on accounts 2.2 (i) to the financial statements.
- ii. The Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses.
- iii. There were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company.

For Singh Mundada & Associates

ADA&A

AURANGABAD FRN - 122059W

EDAC

Chartered Accountants FRN 122059-W

CA Balaji P. Singh (Partner) M. No. 104836

UDIN: 21104836 AAAAHF5720

Date: 24th June, 2021 Place: Aurangabad.

LaxrniCotsPin Limited CIN No: 117120MH2005P1C155866 Audited Balance Sheet

As at 31st March, 2021

	L7,14,76,7O0	76,7OO
	30,96,47,635	',87,324

	13,52,28,358	742
	24,22,394	27,94,14t
	43,91,909	59,82,920

	15,53,79,380
	5,L5,01,227
	8,O5,O7,219
10
	91,23,O5,822



LT




L2		28,62,96,805
13	19,62,30,110

15
15	3101,08,690

	t4	17,51,00027,23,69,2201195,88,58630,40,70,660L,5trgL,5757,46,46,980

The notes referred to above form an integral part of financial statements

n terms of our report of even date

Singh Mundada & Associates Accountants :122059W

CA Balaji P. Singh rtner) . No.104835

No:P llO h836An nA H57'0 Date : 24th June, 2021

For and on behalf of the Board of Directors

Sanjay Rathi (Managing Director) DrN 00182739

(Director) DrN 00272612 Rajesh

		Laxmi Cotspin LimitedStatement of Profit and Loss
		For the period ended 31st March, 2021
	6 Months Ended			Year Ended
Particulars	30th Sept,2020 Rs.	31st March,2021 Rs.	31st March,2020 Rs.	31st March,2021 Rs.	31st March,2020 Rs.
	Unaudited	Audited	Audited	Audited	Audited
1. Income
Income from operations (Net)	460,110,926	701,252,230	823,391,775	1,161,363,156	1,513,442,064
Other Operating Income	-	-	-	-	-
Total Income from operation	460,110,926	701,252,230	823,391,775	1,161,363,156	1,513,442,064
2. Expenses
Cost of materials consumed	359,657,204	505,451,669	669,166,477	865,108,873	1,258,781,154
Changes in inventories of finished goods, work-in
process and stock-in-trade	23,748,302	(5,992,929)	29,220,125	17,755,373	(24,639,740)
Employee Benefit Expenses	29,172,416	36,263,556	36,614,336	65,435,972	79,717,949
Depreciation and Amortisation expenses	15,887,246	15,592,390	13,036,619	31,479,636	37,218,384
Other expenses	57,719,376	84,643,913	80,459,648	142,363,289	157,474,413
Total Expenses	486,184,544	635,958,599	828,497,205	1,122,143,143	1,508,552,160

3. Profit/(Loss) from operation before other
income, finance Cost and Expentional Items (1-2)	(26,073,618)	65,293,631	(5,105,430)	39,220,013	4,889,904
4. Other Income	3,125,356	2,507,282	8,285,250	5,632,638	18,130,277
5. Profit/(Loss) from ordinary Activitiesd beforefinance Cost and Expentional Items (3+4)	(22,948,262)	67,800,913	3,179,820	44,852,651	23,020,181
6. Finance costs	19,229,941	10,888,033	17,680,375	30,117,974	32,507,423

7. Profit/(Loss) from ordinary Activities afterfinance Cost but before Expentional Items (5-6)	(42,178,203)	56,912,880	(14,500,555)	14,734,677	(9,487,242)
8. Exceptional Items	-	(4,246,313)	-	(4,246,313)	-
9. Profit/(Loss) from ordinary Activities before tax	(42,178,203)	52,666,567	(14,500,555)	10,488,364	(9,487,242)
10. Tax expense:
1) Current Tax	-	1,751,000	(2,000,000)	1,751,000	-
2) Deferred Tax	(4,818,659)	4,446,712	(3,345,050)	(371,947)	(3,630,877)
3) Short/ Excess Provision	-	(1,751,000)	2,825,683	(1,751,000)	2,825,683
	(4,818,659)	4,446,712	(2,519,367)	(371,947)	(805,194)
11. Profit/(Loss) from ordinary Activities after tax	(37,359,544)	48,219,855	(11,981,188)	10,860,311	(8,682,048)
12. EXTRA-ORDINARY ITEMS
Profit/(Loss) on sale of Asset	-	-	-	-	-
Total Extra-Ordinary Items	-	-	-	-	-
13. Net Profit for the Year (11-12)	(37,359,544)	48,219,855	(11,981,188)	10,860,311	(8,682,048)

14. Share of profit/ (loss) of associates15. Minority Interest	--	--	--	--	--

16. Net Profit/ (Loss) after Taxes, minorityinterest and Share of Profit/ (Loss) of associates	(37,359,544)	48,219,855	(11,981,188)	10,860,311	(8,682,048)

	17 Paid up Equity share capital	171,476,700	171,476,700	171,476,700	171,476,700	171,476,700
	(Face Value of Rs. 10/- each)
	18 Reserves (Excluding revaluation reserve)	261,427,781	308,956,857	308,956,857	308,956,857	297,150,106
19i	Earning per equity per share before (Extra
	Ordinary Items) of Rs. 10/- each
	a) Basic EPS (in Rs.)	(2.18)	2.81	(0.70)	0.63	(0.51)
	b) Diluted EPS (in Rs.)	(2.18)	2.81	(0.70)	0.63	(0.51)
	Earning per equity per share after (Extra
19ii	Ordinary Items) of Rs. 10/- each
	a) Basic EPS (in Rs.)	(2.18)	2.81	(0.70)	0.63	(0.51)
	b) Diluted EPS (in Rs.)	(2.18)	2.81	(0.70)	0.63	(0.51)
The notes referred to above form an integral part of financial statementsNotes:The Above Audited Financial Result have been reviewed by the Audit Committee and approved by the board of directors in their1respective meetings held on 24th June, 20212Figures are regrouped / rearrange, whenever consider necessaryThe figures of the half year ended 31st March, 2021 are the balancing figures between audited figures for the year ended on 31st March,32021 and published year to date figure upto the half year ended of the current financial year (i.e. on 30th September, 2020)4The Management Identifies "Cotton" as the only business Segment.
In terms of our report of even date
	For Singh Mundada & AssocaitesFor and on behalf of the Board of DirectorsChartered AccountantsFRN : 122059W

Date : 24th June, 2021 Place : Aurangabad

Sd/- Sd/- Sd/- CA Balaji P. Singh Sanjay Rathi Rajesh Bansal (Partner) (Managing Director) (Director) M. No. 104836 DIN 00182739 DIN 00272612

LaxmiCotsPin LimitedCash Flow StatementFor the period ended 31st March, 2021
	As At	As At
	31st March, 2021	31st March, 2020
	Rs.	Rs.
Activities
Cash lnflod (Outflow) fromNet Profit After Tax	1r08r50,311

For
	t,L4,79,616
lnterest Paid
Provision for lncome Tax
Deferred Taxirorition f* AratuiE 3qq!9eygln!!$rnsl!
Profit / (Loss) on 531s sf Asset
ReceivedDrawback, lnterest and
Earlier Provision Written Back
	6,L2,45,t97
Profit	7,21,05,508

for
lnventoriesTrade Receivables
Other Current Assets		57
Snort-term loans and advances
Trade
Other Current Liabilities
term
lncome Tax Paid
	15,83,96,795

From lnvestment ActivitiesB. Cash
( Purcnase/ c!Pl!4E4194	1,70,38,U)O
Sale Proceeds of Fixed Assets
	---g,sz,e48l!'43,85,552
ActivitiesC. Castr lnflow/(Outflow) From
Decrease in Long Term
and Cash
lnterest Paid
ReceivedDrawback, lnterest
biviaena ana-oividend tax Paid


Net Otn8e's ln Cash & Cash	--P,lg,,2n-1Eq1q4e5
Cash & Cash	1.s1.91.575

terms of our rePort of even date

:122059W

Balaji P. Singh No.104836

r,ro: !ll0h836A : 24th June, 2021 : Aurangabad F572D

Slngh Mundada & Associates For and on behalf of the Board of Directors

Sanjay Rathi (Managing Director) DIN 00182739

(Director)

-Q-txr Rajesh Bansal DtN fi)272612

AI assistant

Laxmi Cotspin Limited Audit Report / Information 2021