LINC LIMITED — Interim / Quarterly Report 2022

Nov 12, 2021

12" November, 2021

The Listing Department,	The Manager	The Manager,
	The Calcutta Stock Exchange The Department of Corporate The Listing Department,
Ltd.	Services,	National Stock Exchange of India
7, Lyons Range,	BSE Limited, P. J. Towers,	Limited, Exchange Plaza,
Kolkata - 700001	Dalal Street,	Bandra Kurla Complex,
	Mumbai - 400001	Bandra (East), Mumbai - 400051

Dear Sir,

Sub: Submission of Un-audited Financial Results along with Limited Review Report for the quarter / half year ended 30" September, 2021

In terms of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith a copy of the Un-audited Financial Results of the Company for the quarter / half year ended 30" September, 2021, approved at the meeting of the Board of Directors of the Company held on 12.11.21.

The meeting commenced at 5.00 P.M. and concluded at_G' °° P.M.

A copy of Limited Review Report given by our Auditors, M/s. Singhi & Co., Chartered Accountants, on the financial results of the Company is also enclosed.

Thanking You,

Yours faithfully,

For LINC PEN & PLASTICS LTD.

(Ne)

N. K. DUJARI - Chief Financial Officer & Company Secretary

Encl: as above

	LincRegd. Off: Satyam Towers, 3, Alipore Road, Kolkata - 700 027, Phone: 033-3041 2100, Fax: 91-33-24790253,Corporate Identity Number: L36991WB1994PLC065583, E-mail: investors@lincpen.com, Website: www.lincpen.com	Pen & Plastics	Limited
	Statement of Unaudited Financial Results for the Quarter and Half Year Ended September, 2021
S			Quarter ended			Half year ended	(Rs. in Lakhs)Year Ended
No.	Particulars1]a. Revenue from Operations	30.09.21	30.06.21(Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited)}	30.09.20	30.09.21	30.09.20	31.03.21(Audited)25,666.13
*	Jb. Other IncomeTotal Income	9,395.1944.149,439.33	5,512.98 40.155,553.13]	0.146,456.01]	6,455.87 14,908.1784.2914,992.46	9,196.89 2:259,199.14	145.6425,811.77
	2)Expensesa. Cost of Material Consumed	3,055.83	2,240.29)	1,641.49]	5,296.12	2,498.23	7,715.62
	b. Purchase of Stock-in-Tradec. Changes in inventories of Finished goods,	2,801.81	1,718.03	1,283.21	4,519.84	2,808.28	7,825.04
	stock-in-trade and work in progressd. Employee Benefits Expense	416.48847.99	(395.74) 734.70	1,382.48645.69	20.741,582.69	689.171,136.78	1,731.712,777.38
	e. Finance Costf. Depreciation and amortisation expense	14.98309.99	29.91308.20	93.45324.00	44.89618.19	189.92639.28	274.281,269.36
	g. Other ExpensesTotal Expenses	1,512.328,959.40	1,079.44 5,714.83	1,199.28 6,569.60 14,674.23]	2,591.76	1,888.109,849.76]	4,599.34
			(161.70)				26,192.73
	3/Profit / (Loss) before Exceptional Items and Tax (1-2)4 Exceptional Items	479.93-	-	(113.59)-	318.23-	(650.62)-	(380.96)-
	5/Profit / (Loss) before Tax (3-4)6)Tax Expenses	479.93	(161.70)	(113.59)	318.23	(650.62)	(380.96)
	a, Current Taxb. Income Tax for earlier years	82.00-	--	68.73	82.00-	-68.73	-(235.01)
	c. Deferred TaxTotal Tax Expénses	40.03122.03	(39.47)(39.47)	(94.14)(25.41)	0.5682.56	(231.84)(163.11)	(149.87)(384.88)
	7 Profit / (Loss) for the period (5-6)8]Other Comprehensive Income (Net of tax)	357.90(1.89)	(122.23)(1.89)	(88.18)(10.01)	235.67(3.78)	(487.51)(20.02)	3.92(7.56)
	9 Total Comprehensive Income for the period (7+8)[ Comprising Profit / (Loss) for the period (after tax)	356.01	(124.12)	(98.19)	231.89	(507.53)	(3.64)
	and Other Comprehensive Income (after tax) }10/Paid up Equity Share Capital (Face Value - Rs.10/- each)	1,487.23	1,487.23	1,487.23	1,487.23	1,487.23	1,487.23
	11]Other Equity12 Earnings per Equity Share-not annualised (Amount in Rs.)(a) Basic :	2.41	(0.82)	(0.59)	1.58	(3.28)	11,983.460.03
Notes:	(b) Diluted :	2.41	(0.82)	(0.59)	1.58	(3.28)	0.03
1.	The aforementioned results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on12th November, 2021 at Kolkata. Limited Review of these results as required under Regulation 33 of the SEBI (Listing Obligations and Disclosure
	Requirements) Regulations, 2015 has been completed by the Statutory Auditors.
2.	The Code on Social Security 2020, (the 'code') received Presidential assent on 28th September 2020. However, the date on which the Code willcome into effect has not yet been notified. The Company will assess the impact of the Code in the period(s) in which the provisions of the Code
	become effective.
3.	As the Company's business activity falls within a single significant primary business segment i.e. "Writing Instruments and Stationery", no separatesegment information is disclosed.
4.	The Company is periodically monitoring the situation arising due to COVID 19 pandemic considering both internal and external information available uptothe date of the approval of these financial results and has assessed the recoverability of the carrying value of its assets on on 30th September, 2021.Based on the assessment, the Company does not anticipate any material impact on these financial results.
5.	The Company has received approval from Registrar of Companies, Kolkata on 25th October, 2021 for change of the name of the Company to"Linc Limited" and it is taking necessary steps to implement this change.
6.	The Statement of Assets and Liabilities as on 30th September, 2021 and Statement of Cash Flow for the period ended 30th September, 2021, areannexed herewith.

• 1. The Company is periodically monitoring the situation arising due to COVID 19 pandemic considering both internal and external information available upto the date of the approval of these financial results and has assessed the recoverability of the carrying value of its assets on on 30th September, 2021. Based on the assessment, the Company does not anticipate any material impact on these financial results.
• 1. The Company has received approval from Registrar of Companies, Kolkata on 25th October, 2021 for change of the name of the Company to "Linc Limited" and it is taking necessary steps to implement this change.
• 1. The Statement of Assets and Liabilities as on 30th September, 2021 and Statement of Cash Flow for the period ended 30th September, 2021, are annexed herewith.
• 1. The previous period figures have been regrouped / rearranged wherever necessary, to conform to the current period figures.

For and on behalf of the Board

Place : Kolkata Date : 12th November, 2021

PenPlasticsLinc&	Limited
Regd. Off: Satyam Towers, 3, Alipore Road, Kolkata - 700 027, Phone: 033-3041 2100, Fax: +91-33-2479 0253,CIN:L36991WB1994PLC065583, E-mail: investors@lincpen.com, Website: www.lincpen.com
Statement of Assets & Liabilities
Particulars	As at 30.09.21	(Rs. in Lakhs)As at 31.03.21
ASSETS	(Unaudited)	(Audited)
1. Non-Current Assets
a) Property, plant and equipmentb) Capital Work - in - progress	6,487.26382.15	6,681.58322.07
c) Right-of-Use Assets	64.98	94.44
d) Intangible Assets	3.73	7.55
e) Intangible Assets Under Developmentf) Financial Assets - Other Financial Assets	60.30124.05	=124.34
g) Income Tax Assets (net)	135.43	162.81
h) Other Non - Current Assets	1,310.86	1,310.09
Total Non-Current Assets2. Current Assets	8,568.76	8,692.88
a) Inventories	5,382.86	6,261.28
b) Financial Assetsi) Trade Receivables	3,185.63	3,589.33
ii) Cash & Cash Equivalents	8.62	14.38
iii) Bank Balances other than (ii) above)	12.43	12.74
iv) Othersc) Other Current Assets	1.861,307.59	1.961,473.21
Total Current Assets	9,898.99	11,352.90
TOTAL ASSETS	18,467.75	20,045.78
EQUITY AND LIABILITIES
Equitya) Equity Share Capital	1,487.23	1,487.23
b) Other Equity	12,215.35	11,983.46
Total Equity	13,702.58	13,470.69
Liabilities1. Non-Current Liabilities
a) Financial Liabilities
i) Borrowings		-
ii) Lease Liabilitiesb) Provisions	20.00216.98	40.46240.79
c) Deferred Tax Liabilities (Net)	391.40	392.11
Total Non-Current Liabilities	628.38	673.36
2. Current Liabilities
a) Financial Liabilitiesi) Borrowings	310.62	811.87
ii) Lease Liabilities	58.78	69.05
iii) Trade Payables
Total outstanding dues of micro enterprises andsmall enterprises	343.24	289.67
Total outstanding dues of creditors other than	2,181.56	3,558.65
micro enterprises and small enterprisesiv) Others	524.82	539.35
b) Other Current Liabilities	708.27	623.64
c) ProvisionsTotal Current Liabilities	9.504,136.79	9.505,901.73
TOTAL EQUITY AND LIABILITIES	18,467.75	20,045.78

/ vip

Line Pen & Plastics Limited CIN: L3699 1 WB1I994PLC065583

	Line Pen & Plastics Limited
	CIN: L3699 1 WB1I994PLC065583Cash Flow Statement for the half year ended 30th Sep, 2021
Particulars	For the half year ended30th Sep, 2021		For the half year ended30th Sep, 2020	(Rs in Lakhs)
A. Cash flow from operating activities :	(Unaudited)		(Unaudited)
Net profit/(Loss) before tax as per Statement of Profit and LossAdjustments for:Depreciation and amortization expense	618.19	318,23	639.28	(650.62)
(Profit )/ Loss on sale of Property, Plant and EquipmentInterest Income	(5.22)(0.31)		-(0.26)
Unrealised loss/(gain) on foreign exchange fluctuation (Net)Finance costOperating profit betore working capital changes	(77.19)44,89	580.36898.59	(0.33)189.92	828.61177.99
(Increase) / Decrease in Trade Receivables(Increase) / Decrease in Inventories	456.39878.42		733.891,200.53
(Increase) / Decrease in Other Non Current Assets(Increase) / Decrease in Other Current Assets	(0.60)165.62		0.44374.13
Increase / (Decrease) in Long Term ProvisionsIncrease / (Decrease) in Trade Payables	(18.76)(1,298.23)		40.34(1,179.45)
Increase / (Decrease) in Other Current LiabilitiesIncrease / (Decrease) in Other Non-Current Liabilities	65.52-		(336.17)(26.76)
Increase / (Decrease) in Short Term ProvisionsCash generated from operationsDirect taxes paid/ (Refund)Less:	:	248.361,146.9564.62	-	806,95984.9410.89
Net Cash Generated From Operating Activities		1,082.33		974,05
B. Cash flow from investing activities :Addition to Property, Plant and Equipment (Including Intangibles)	(528.94)		(329.46)
Sale of Property, Plant and EquipmentInterest Received	18.21031	(510.42)	-0.26	(329.20)
Net Cash Used in Investing Activities		(510,42)		(329.20)
C. Cash flow from financing activities :Proceeds /(Repayment) of Long term borrowings (Net)	-		(771.53)
Proceeds /(Repayment) of Short term borrowings (Net)Repayment of Lease Liabilities	(502.04)(35.02)		574.58(27.58)
Interest PaidOther borrowing cost	(39.73)(0.88),		(189.45)(0.47)
Dividend PaidDividend Tax PaidNet Cash Used in Financing Activities	-z	(577.67)(577.67)	(223,08):	(637.53)(637.53)
Net invrease in cash and cash equivalents (A+B+C)		(5.76)		732
Cash and cash equivalents - Opening balanceTotal Cash and cash equivalents - Opening balance		14.3814.38		13.0213.02

Chartered Accountants

161, Sarat Bose Road, Kolkata 700026, West Bengal, india Tel: #91 33 2419 6000/01/02 Email: accounts @singhico.com website: www.singhico.com

Limited Review Report on the Quarterly Unaudited Financial Results of Linc Pen & Plastics Limited pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Requlations, 2015, as amended

Review Report to The Board of Directors Linc Pen & Plastics Limited

• 1. We have reviewed the accompanying statement of unaudited financial results of Linc Pen & Plastics Limited (the 'Company') for the quarter ended September 30, 2021 (the "Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. ('The Listing Regulation').
• 1. This Statement, which is the responsibility of the Company's Management and approved by the Company's 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 generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
• 1. We conducted our review 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 company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

161, Sarat Bose Road, Kolkata 700026, West Bengal, india Tel: +91 33 2419 6000/01/02 Email: accounts@singhico.com website: www.singhico.com

• 1. 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 recognition and measurement principles laid down in the applicable Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013 as amended , read with relevant rules issued thereunder and other recognised accounting practices and policies, has not disclosed the information required to be disclosed in terms of the Listing Regulation, including the manner in which it is to be disclosed, or that it contains any material misstatement.
• 1. We draw attention to Note 4 to the financial results, which explain the management's assessment of the impact of COVID 19 on the carrying values of assets as at 30th September, 2021. Our conclusion is not modified in respect of this matter.

For Singhi & Co. Chartered Accountants Firm Registration No.302049E

(Aditya Singhi) Partner Membership No. 305161 UDIN: 21305161 AAAABV7558

Place: Udaipur Date: November 12, 2021