LMW Limited — Annual Report 2021

May 24, 2021

Our Ref: Sec/270/2021 Date: 24.05.2021

BSE Limited Listing Department Phiroze Jeejeebhoy Towers Dalal Street, Mumbai-400 001

National Stock Exchange of India Limited Listing Department Exchange Plaza, C-1, Block-G, Bandra Kurla Complex Bandra(E), Mumbai - 400 051.

The meeting commenced at 15:05 PM and concluded at 17:00 PM.

Dear Sirs,

Sub: Compliance of SEBI {Listing Obligations & Disclosure Requirements) Regulations. 2015.

In terms of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we write to inform you that the Board of Directors of the Company at their meeting held today, the 24th May, 2021 have, inter alia, approved the following :-

• 1. Audited Financial Statements (Standalone and Consolidated) for the quarter and year ended 31st March, 2021. Arrangements have been made to publish. the results in daily newspapers Business Line (English) and Dina Malar (Tamil) on 25th May, 2021.
• 1. Recommended dividend of Rs. 10/ per equity share having face value of Rs.10/- each for the financial year ended 31st March, 2021. Upon approval of the final dividend by the shareholders at the 58th Annual General Meeting, the dividend amount after deducting applicable TDS, will be credited on or before 09th August, 2021 to the bank account of the Shareholders who have registered their Bank account details with the Depository / Company. And for the shareholders who have not registered their Bank account details, dividend warrants will be dispatched on or before 09th August, 2021 or at the earliest once the normalcy is restored.
• 1. To close the Register of Members and Share Transfer Books of the Company from Thursday, 15th July, 2021 to Wednesday 21st July, 2021 both days inclusive.
• 1. To convene the 58th Annual General Meeting of the Company on Wednesday the 21st July, 2021 in Video Conferencing / other Audio Visual means, details on the manner of attending the AGM and casting votes by Shareholders will be set out in the Notice of the AGM.
• 1. Subject to approval of Shareholders and other regulatory authorities, approved the Scheme of Arrangement between Lakshmi Machine Works Limited. and lMW Aerospace Industries Limited and their respective Shareholders. ·

CORPORATE OFFICE: 34-A, Kamaraj Road, Coimbatore - 641 018.

Phone: +914227198100, 7198301 Fax: +914222220912 www.lakshmimach.com REGISTERED OFFICE : SRK Vidyalaya Post, Perianaickenpalayam, Coimbatore - 641 020, CIN : L29269TZ1962PLC000463.

• 1. Subject to approval of Shareholders, approved the proposal for Re-appointment of Sri. Sanjay Jayavarthanavelu (DIN: ·00004505) as Managing Director of the Company.
• 7, Subject to approval of Shareholders, approved the proposal,, for Re-appointment of Sri. Arun Alagappan (DIN: 00291361) as an Independent Director.
• 1. Subject to approval of Shareholders, approved the proposal for Payment of commission to non-Executive Directors of the Company.·

Detailed disclosures in relation to SI. No. 3 and 5 to 7 is being given separately.

Thanking You,

Yours faithfully, For Lakshmi Machine Works Limited

C R Shivkumaran Company Secretary

cc: B S E Limited, Corporate Relationship Department ;1st Floor, New Trading Ring, Rotunda Building, PJ Towers, Dalal Street, Fort, Mumbai - 400 001.

DECLARATION UNDER REGULATION 33 OF SEBI (LISTING OBLIGATIONS & DISCLOUSURE REQUIREMENTS}, (AMENDMENT}, REGULATIONS, 2016

Ref: SEBI Circular: CIR/CFD/CMD/56/2016 dated 27th May, 2016

I, V. Senthil, Chief Financial Officer of the Company, hereby declare, that the Company's Statutory Auditors M/s. S. Krishnamoorthy & Co (Firm Registration No:001496S), Chartered Accountants, Coimbatore have submitted an unmodified opinion/ unqualified opinion on the Audited Financial Results (Standalone and Consolidated) for the year ended 31st March, 2021.

For Lakshmi Machine Wor.ks Limited

y/)tt

V. Senthil Chief Financial Officer

Place: Coimbatore Date: 24th May, 2021

REGISTERED OFFICE : Perianaickenpalayam, Coimbatore 641 020. India Phone•: 0422-7192255, Fax: 0422-2692541. Website: www.lakshmimach.com E-Mail : regd.off@lmw.co.in sales@lmw.co.in exports@lmw.co.in mtdsales@lmw.co.in fdy _ exp@lmw.co.in GSTIN : 33AAACL5244N1 ZF CIN-L29269TZ1962PLC000463

L ® IJ\KSH~11 fti1ACHINE WORKS LIMITED

t

CEO & CFO CERTIFICATE.

The Board of Directors Lakshmi Machine Works Limited Coimbatore

24th May 2021

Annual Confirmation pursuant to Regulation 17(8) of SEBI (Listin•g Obligations and Disclosure Requirements) Regulations, 2015

As required by Regulation 17(8) of SEBI (Listing Obligations and Disclosure Requirements) · Regulations, 2015, we hereby certify that :

a) We have reviewed the financial statements and the cash flow statement of the Company for th~ year ended March 31, 2021 and that to the best of our knowledge·and .belief:·

• i. these statements do not contain any materia11y untrue statement or omit any material fact or contain statements that might be misleading;
• ii. these statements together present a true and fair view of the company's affairs and are in compliance with existing accounting standards, applicable laws and regulations.

b) There are, to the. best of our knowledge and belief, no transactions entered into by the Company during the year which ·are fraudulent, illegal or violative of the Company's Code of Conduct. ·

c) We accept responsibility· for establishing and maintaining internal:· controls for financial reporting and that we have evaluated the effectiveness of internal control systems of the Company pertaining to financial reporting and we have disclosed to the auditors and the Audit Committee, deficiencies in the design or operation of such internal controls, if any, of which we are aware and the steps we have taken or propose to take to rectify these deficiencies.

d) We have indi.cated to the Auditors and the Audit committee:

• i. significant changes in internal control over financial reporting during the year;
• ii. significant changes in accounting policies during the year and that the same have been disclosed in the notes to the financial statements; and
• iii. that there were no instances of fraud of which we have become aware and the · involvement therein, if any, of the Management or an employee having a..significant role in the Company's internal control system over financial reporting.

Chief Financial Officer (CFO) IVl~••f"!i'.:li.r1,n,n Director

y/JI CVVOA ip:, V. SENTHIL .JA,rANrARTHANAVELU

CORPORATE OFFICE : 34-A, Kamaraj Road, Coimbatore • 641 018. Phone: +91 422 7198100, .7198301 Fax: +91 422 2220912 www.lakshmimach.com REGISTER"ED OFFICE : SRK Vidyalaya Post, Perianaickenpalayam, Coimbatore • 641 020, CIN : L29269TZ1962PLC000463.

Regd. Office: SRK Vidyalaya Post, Perianaickenpalayam, Coimbatore-641020

Phone : 0422-7192255; website : www.lmwglobal.com ; E Mail: secretarial@lmw.co.in

CIN: L29269TZ1962PLC000463

	Stf SAitefinciafoatt otandaluddl rultsr temenoneanes	Qhertuaer	ndYaear e~	eidllstM	2021char,
		QUARTEREN			YEARENDED
SL.NO	PARTICULARS	31.03.2021	31.12.2020	31.03.2020	31.03.2021	31.03.2020
		(Audited)	(Uudited)na	(Audited}	(Audited)	(Audited)
I	Ree fati	661.86	471.48	397.34	65.03	09.84
II	venuromoperonsOther I	,312,296.43	,6705.14	,1101.44	1,68,97,920.11	1,57,063.32
	ncomeTol Infriontaratcomeomopes	68,608.29	2,249,876.62	2,641,718.78	1,76,885.14	9,31,66,373.16
Ill	Expenses
	CoofMrial Cda.stateonsume	42,113.89	31,487.89	24,475.76	1,04,120.85	92,513.04
	b.Purchf Stock-in-tradase oe	-
	Chs in itorief finished gdsk-indc.angenvens ooo, worn-progress ack-inadsto-tre	158.19	(3,106.01)	(1,028.47}	(477.14)	1,290.15
	d.Emploe befitsyeenexpense	7,631.54	6,066.81	5,913.33	22,983.65	23,063.92
	FinCtse.anceos	5.14	1.49	8.58	8.10	41.65
	f.DeciationdArtisionatpren amoexpense	1,287.83	1,307.56	1,250.47	5,155.89	5,025.90
	Other Eg.xpenses	12,096.16	9,363.82	1.5510,02	35,462.68	37,788.08
	Tol Etaxpenses	63,292.75	45,121.56	40,641.22	1,67,254.03	1,59,722.74
IV	Profit beftiol itndKtaore excepnaems a	5,315.54	4,755.06	1,077.56	9,631.11	6,650.42
V	ExptialIteceonms	1,229.05	81.94	5.46	2,211.54	209.76
VI	Profit fOrdinctivitiesbefotaxrom.ary are	4,086.49	4,673.12	1,072.10	7,419.57	6,440.66
VII	Tax Expense	1,553.55	1,335.54	370.60	2,673.56	1,940.90
VIII	Net PfitfrOrdinativitiefteKr taroomryacs a	2,532.94	3,337.58	701.50	4,746.01	4,499.76
IX	Other Cehsive le(After T)omprenncomax
	Itethwill nbeclaified tofit or loatota.msressoprss	4,044.45	2,727.36	{2,723.32)	8,716.65	(3,396.nH
	willb.Itethatbeclaified tfitlomsresso proorss
X	Tol Cehsive Ie fthiod(CisiProfit ftaomprenncomore peromprngord;r Cthiod) (afttax)OthEheiveIn(after tax)ane pereromprenscome	6,577.39	6,064.94	(22),021.8	13,462.66	1,102.98
Xl	ShCl (F/-)Paid-Eityitae Valu10chupquareapace~ea	1,068.30	1,068.30	1,068.30	1,068.30	1,068.30
X11	SRes EludingRaluatiRBalanheetofservexcevoneservesasperceviotinpreusaccoung year				1,76,957.50	1,64,563.14
X111	Earnis PSh(EPS)(ofch)10ngerareea
	Basic	23.71	31.24	6.57	44.43	42.12
	Diluted	23.71	31.24	6.57	44.43	42.12

Standalone Segment Wise Revenue, Results and Capital employed for the quarter and year ended 31st March, 2021

SL.NO	PAICULARSRT		QUARTERENDED		YEARENDED
		31.03.2021	31.12.20	31.03.2020	31.03.2021	31.03.2020
1	Set Rgmenevenue	(Audited)	(Uudited}na	(Audited)	(Audited)	(Audited)
	a)TtileMhinDivisioexaceryn	44,966.05	32,621.15	31,157.22	1,18,655.53	1, 18,980.64
	b)Mhine Tl &FodryDivisioacoounn	22,652.21	16,179.62	8,802.29	52,691.71	40,155.71
	c}AdedThnoloCtrevancecgyen	644.52	745.13	853.21	.052,888	3,325.65
	Tolta	68,262.78	49,545.90	40,812.72	1,74,235.29	1,62,462.00
	Le: Intert rss-segmenevenue	1,5.3539	1,5.5807	928.63	4,133.18	3,231.13
	Net Sales/Ie fOpatincomromerons	66,723.43	48,038.32	39,884.09	1,70,102.11	1,59,230.87
2	Set Rultgmeness
	(Profit befoInt &x)tertarees
	a)TtileMhinDivisioexaceryn	1,293.68	2,155.78	658.62	1,685.17	936.66
	b)Mhine Tl &FndDivisionacoooury	2,755.86	1,655.64	294.67	3,637.43	2,785.96
	c)AdedThnoloCtrevancecgyen	(629.39)	(737.49)	(642.55)	(2,587)6.9	(1,643.25)
	Tolta	3,420.15	3,073.93	310.74	2,735.63	2,079.37
	Add :theallableincofllocablendituOUetr un-ocome nnaexpere	666.34	1,599.19	761.36	4,683.94	4,361.29
	TotalPfitBefoTarorex	4,086.49	4,673.12	1,072,10	7,419.57	6,440.66
3	Set Aetsgmenss
	a}TtileMhinDivisioexaceryn	1,42,993.13	1,32,304.38	1,38,721.88	1,42,993.13	1,38,72.1.88
	l &b)Mhine TFndDivisionacoooury	86,080.27	75,781.75	66,824.56	86,080.27	,824.5666
	c)AdedThnoloCtrevancecgyen	2,449.19	2,307.97	3,146.27	2,449.19	3,146.27
	d)Unalldateoc	42,701.47	35,260.47	25,486.91	42,701.47	25,4816.9
	Total	2,74,224.06	2,45,654.57	2,34,179.62	2,74,224.06	2,34,179.62
4	Seiabilitiest Lgmen
	a)TtileMhinDivisioexaceryn	73,724.55	56,490.26	56,816.47	73,724.55	56,816.47
	b}Mhine Tl &FndDivisionacoooury/	19,218.11	14,827.99	9,368.08	19,218.11	9,368.08
	c}AdedThnoloCtrevancecgyen	742.77	1,058.65	776.70	742.77	776.70
	d}Unalldateoc	2,512.83	1,829.31	1,586.93	2,512.83	1,586.93
	talTo	96,198.26	74,206.21	68,548.18	96,198.26	68,548.18

LAKSHMI MACHINE WORKS LIMITED Balance Sheet as at 31st March, 2021

Ptilaarcurs	As31;~.attMch, 2021ar	Ast 31staMch, 2020ar
ASSETS
Nontetn-curreasss
Pr, PlandEiptynttoperaqumen	64,484.21	64,878.06
Cital wk-inapor-progress	1,051.70	2,981.43
OthInibletaeterngasss	1,381.82	1,542.96
FiiaI Aetnancsss
(i)Itmtsnvesen
a)Ininubsidiariesttsvemenss	6,513.67	6,513.67
b)Othinsttservemen	13,504.23	4,735.76
(iiOfi)thial aeternancsss	26,843.15	27,192.22
Tol NCAtantetonurresss-	1,13788,7.7	1,07,844.10
Cnteturreasss
Inientveors	32,428.43	27,416.26
Fiial Aetnancsss
(I)Itmtsnvesen	15,072.34	8,860.07
(ii) Tdeeiblrarecvaes	18,494AO	1132.29,9
. (iii)Chdsh,ivaltsasancaequen	3,274.26	3,147.61
(iv}Bankbalheha(ii} abootr tancesnve	72,989.10	5854.18,7
(v)Othfiial aeternancsss	3,219.22	5,269.08
C(N)ntTAeteturreaxsss	7,611.25	5,292.10
Othntetercurreasss	7,356.28	5,663.93
l CTotantAeturresss	1,60,445.28	1,26,335.52
Total Aetsss	2,74,224.06	2,34,179.62

LAKSHMI MACHINE.WORKS LIMITED Balance Sheet as at 31st March,. 2021

Ptilaarcurs	31sAsatt	31sAsatt
	Mch2021ar	Mch2020ar
QSEUITYANDLIABILITI.E
Eityqu
EquiShaitaltyrecap	1,068.30	1,068.30
OthEityerqu	1,7_6,957.50	1,64,563.14
uirif tCEqtyttbutabltoheaeownersoompany	1,78,025:80	1,65,631.44
Total eityqu	1, 78,025.80	1,65,631.44
LIABILITIES
Nliabilitinton-crreesu
Defdliabilitie(N)taeterresx	2,419.17	1,485.57
Othliabilitienternon-curres	-13,479.66	6,806.33
Tol NCLiabilitietantonurres-	15,898.83	8,291.90
Cliabilitinturrees
Fiial Liabilitienancs
(i)Tdeablerapays
DuMicndSall Eistonteroamerpres	1,087.82	136.30
DuOthtoeers	42,269.73	33,933.41
(ii)Othfiial liabilitieernancs	7,895.39	5,440.01
Prisioovns	1,239.36	1,162.35
Othliabilitientercurres	27,807.13	19,584.21
l CiabilitieTotantLurres	80,299.43	60,256.28
Total Liabilities	96,198.26	68,548.18
Tol EityndLiabilitietaquas	2,74,224.06	2,34,179.62

cash Flow Statement for the year ended 31st March, 2021

PARTICULARS	Veded 3aren_	1"st M;h,2021arc	Veded 31saren	t Mch, 2020ar
A.CASHFLOWFROMOPERATINGACTIVITIES
Profiftetiol its bbefot auttaxr excepnaemre		7,419.57		6,440.66
(VRS Ef'{2,211.54Lakhs (P.Y.,209.76Lakhs}xpe~ses o
Adjustmtsfoenr:
Deciationdrtisatipren aamoonexpense	5,155.89		5,025.90
Finstsanceco	8.10		41.65
Profit oalef aetsn soss	{608.57)		(915.28)
Losalef aetss on soss	15.19		1.22
Intincstereome	(6,004.49)		{6,533.49)
Dividendincome	(SO.SO)		(S55.73)
Profit on SalefMutl Fdsouaun	(20.18)
Ince fMualfundsdesigtedFVTPLtuatomromna	(669.26}
UnlisedLo/ (Gain) oForeiCCh andshivalentsreassngnurrencyascaequ	(0.19)	(2,174.01)	(0.21)	(2,935.94)
OpatiPfitbeforkingpitalcherngrorewocaanges		5,245.56		3,504.72
Adjustmtsfor (inc)/ dinratingtsenreaseecreaseopeasse
Tradeivablese rec	{6,562.11)		8,434,20
Inviestoren	(5,012.17)		3,3.1076
Other fiialts-Non Ctnancasseurren	349.07		888.16
Other fiialCetstnancassurren-	382.58		8S5.82
Other Ct aetsurrenss	(1,2.54)69		1,1.5276
Adjusfor in/ (d) iningliabilitietmtsratencreaseecreaseopes
Tradablese pay	9,287.84		(4,058.84)
Otheliabilitientr noncurres	6,673.33		1,757.90
Cuvisionntrrepros	.0177		(441.80)
Other fiialliabilitienancs	2,446.10		(2,602.16)
Otheliabilitientr curres	8,222.92	14,172.03	(1,213.68)	8,172.22
Cashedin/ gated fatiusenerromoperons		19,417.59		11,676.94
Taaidxes p		(3,790.69)		(3,050.21)
Net Ch ud in/gd fatiateasseenerromoperons	[A]	15,626.90		8,626.73
8.CASHFLOWFROMINVESTINGACTIVITIES
Purchif Fixed a/Cital Wk In Petsase cssaporrogress		(2,874.51)		(8,515.00)
Proeds fleoffixedtsceromsaasse		1796.7		1.8397
Intsteivedererec		7671.77		4,837.13
Dividendivedrece		so.so		SSS.73
Invt inMl funds/Debe(net}tmutntuesenuares		(5,824.11)		(4,759.12)
{lne)/Dee in Bk balaideredshndshivalenottcreascreasanncesnconsascaacaequ		(14,234.92)		(100.10)
Neh ud in itinctivitiest cseasnvesg a	[BJ	(14,414.56)		(7,009.53)

Cash Flow Statement for the year ended 31st March, 2021

PARTICULARS	2oi1Yeded 31st M.h,ararcen	Yeded 31st Mch, 2020arenar
C.CASHCICTSFLOWFROMFINANNGAIVITIE
Dividendaids p	(1,068.3	(3,739.05)0)
Coe dividendaidrattarpoxes p	-	(768.75)
sfef UTraidDividends tIEPFanr onpo	(9.27	)-
Finstanceco	{8.10	(41.65))
Neh udinfincinctivitiest casseang a	[C](1,085.6	7)(4,549.45)
Net ine ih andshivalents(A+B+C)creasn cascaequ	126.6	(2,5)7932.2
DCashd ch eivalentsatbeginninf thriodanasqug oepe	3,147.4	06,079.65
Cashd ch eivalend of thiodEtsatanasquene per-	3,274.07	3,147.40
Net ie/{dee)inshndshuivale(E-D)ntsncreascreascaacaeq	126.6	(2,5)7932.2
Cash&Ch eivalenr Balae Shetsetasquaspenc	3,274.26	3,147.61
UnlisedLo/ (Gain) on FignCCh andshuivalentsreassoreurrencyascaeq	(0.19	)(0.21)
shCashdCashuivalentsflStatentaneqaspercaowme	3,274.07	3,147.40

S. KRISHNAM_OORTHY & CO. '.Kanapathy Towers' 111 Floor.

K;N. SREEDHARAN F.C.A. K; RAGHU F.C.A., A.C.S 13. KRISHNAMOORTHi F.C.A. V. INDIRAF.C.A.

Chartered Accountants No; 1391/A-1, Sathy Road Ganapathy, Coimbatore 641 006 PARTNERS · . Phone : 0422 4039900. · .E-mail-: skmcoca@skmcoca.com

INDEPENDENT AUDITOR'S ·REPORT

· TO

THE BOARD OF .DIRECTORS OF LAKSHMI MACHINE WORKS LIMITED

• . L ·. We · have audited the accompanying Stateme·nt of Standalone Financial Results of . . Lakshmi Machine Works Limited (hereinafter referred to as "the Company') for the_ year · ended 31.03.2021 ("the Statement"); being submitted by the Company pursuant to the requirements· of Regulation 33 of: the SEBI_ (Listing Obligations and Disdosur_e . Requirements) Regulations,. 2015,· as. modified hy Circular No CIR/CFD/FAC/62/2016. dated July 5, 2016.
• 1. This statement, which is the responsibility of the Company's Management and approved by-the Comparw's-Board of Directors, has been compiled from the related standalone firianciaf.stateme·n!s which has· been prepared in accordance with the Indian Accounting Standards prescribed under Section 133 of the· Companies Act, 2013 read with the .. Com·panies (Indian Accounting Standards) Rules,_ 2'015, as amended ("Ind AS;,), and other accounting prindples generally accepted in l_ndia. Our responsibility is to express an opinion on the Statement based o.n our audit of such standalone financial statements.
• 1. We conducted our audit in accordance with the Standards on Auditing specified under . Section143.(10) of the Companies Act 2013. 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. . . .

. .

An audit ivolves performing procedures to obtain audit evidence about the amounts and the ·· disclosures in the. Statement. An ·audit also includes ·. evaluating the appropriateness of -the accounting policies used and the reasonableness of t_he accounting. estimates made by the l\llanagement, as well as evluating the overall presentation of the Statement. We believe that· audit evidence we have. obtained i~ sufficient and _appropriate to. provide a basis for our opinion.

• 1. · In ·our opinion and to the· best of our information and according to the explanations · given to us, the Statement:
  • a. _. is presntd in· accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as modified by· Circular N~. CIR/CFD/FAC/62/2016 dated July 5, 2016; and

gives a tru_e and fair view i'n conformity ·with the recognition and· measurement principles laid down in . the aforesaid Indian Accounting Standards and other accour.,t.ing principles ge.nerally accepted in India of the standalone net profit, total. comprehensive income and other financial information of the company for the year ended 31st March, 2021.

1. The statement includes the results for. the quarter ended 31st March, 2021 being the · balancing figure between . audited figures in rnspect of the fµII fin.ancial year and published year to date figures up to th~ third quarte·i of the ·<current .financial year subject to limited review by us.

Place: Coimbatore Date: May 24, 2021 · For S. KRISHNAMOORTHV & Co. Chartered Accountants Firm' s Registration No. 001496S

UDIN: L~ K.Raghu Partner,, Auditor Membership No.011178 IOl \ l78A-AAAFH4424

CIN: L29269TZ1962PLC000463

Regd. Office: SRK Vidyalaya Post, Perianaickenpalayam, Coimbatore-641020

Phone : 0422-7192255; website : www.lmwglobal.com ; E Mail : secretarial@lmw.co.in

Statement of Consolidated Audited financial results for the quarter and year ended 31st March, 2021 (~ In lakhs except EPS) •! ., QUARTER ENDED YEAR ENDED SL.NO PARTICULARS 31.03.2021 31.12.2020 31.03.2020 31.03.2021 31.03.2020 (Audited} (Unaudited) (Audited) (Audited) ' Revenue from operations 68,369.65 47,856.29 38,604.62 1,72,737,69 1,57,449.82 II Other Income 2,363.37 2,097.60 2,608.43 7,872.53 9,399,91 Total Income from operations 70,733.02 49,953.89 41,2_13.05 1,80,610.22 1,66,849.73 Ill Expenses a. Cost of Material Consumed 43,273.33 31,138.12 24,060.03 1,05,751.20 92,462.17 b. Purchase of Stock-in-trade - c. Changes in inventories of finished goods, work-in- 57,10 (3,238.69) (1,002.87) (631.30) 1,564.74 progress and stock -in-trade d. Employee benefits expense 7,912.41 6,292:88 6,11?,.11 23,845.47 23,971.36 e. Finance Costs 5.14 1.49 8.73 8.10 60.S3 f. Depreciation and Amortisation expense 1,381.16 1,405.29 1,364.04 5,562.78 5,525.84 g. Other Expenses 12,716.55 9,611.22 10,106.91 36,729.10 38;337.01 Total Expenses 65,345.69 45,210.31 40,648.95 1,71,265.35 1,61,921.65 IV Profit before exceptional items and tax 5,387.33 4,743.58 564.10 9,344.87 4,928.08 V Exceptional Items 1,229.05 81.94 5.46 2,211.54 209.76 VI Profit from Ordinary activities before tax 4,158.28 4,661.64 558.64 7,133.33 4,718.32 VJI Tax Expense 1,553.55 1,335.54 370.60 2,673.56 1,940.90 ;' VIII Net Profit from Ordinary activities after tax 2,604.73 3,326.10 188.04 4,459.77 2,777.42 IX Other Comprehensive tncome(After Tax) · a. Items that will not be reclassified to profit or loss 4,044.45 2,727.36 (2,T23.32) 8,716.65 (3,396.78) b. Items that will be reclassified to profit or loss - - X Total Comprehensive Income for the period(Comprising Profit for the period) (after tax} and Other 6,649.18 6,053.46 (2,535.28} 13,176.42 (619.36) Comprehensive Income {after tax) Xl Paid-up Equity Share Capital (Face Value , 10/- each) 1,068.30 1,068.30 1,068.30 1,068.30 1,068.30 X11 Reserves Excluding Revaluation Reserves·as per Balance 1,76,960.92 1, 64,967.30 Sheet of previous accounting year Xlll Earnings Per Share (EPS)(of, 10 each) Basic 24.38 31.13 1.77 41.75 26.00 Diluted 24.38 31.13 1.77 41.75 26.00

Coolidans	tedSWiseR, RultndCital eloyedntegmeevenueess aapmp	foher trtequar a	ndndedyear e	Mah,31strc	2021
						("Inlakhs)
SL.NO	PARTICULARS	QU	ARTERENDED	.,.	YEARENDED
		31.03.2021	31.12.2020	11.03.2020	31.03.2021	31.03.2020
1	Set Rgmenevenue	(Aited)ud	(Uited)udna	(Aited)ud	(Aud	ited)
	a)TtileMhinDivisionexacery	46,957.34	32,805.96	30,635.99	1,22,361.69	1,19,447.42
	b)MachineTool&FodryDivisionun	22,652.21	16,179.62	8,802.29	521.71,69	40,155.7
	c)AdedTechlogy Ctrevancnoen	644.52	745.13	853.21	2,888.05	3,325.65
	Total	70,254.07	49,730.71	40,291.49	1, 77,941.45	1,62,928.78
	LesIntents :r-segmerevenue	1,539.35	1,507.58	928.63	4,133.18	3,231.13
	Net Sales/Ie fOptioncomromerans	68,714.72	48,223.13	39,362.86	1, 73,808.27	1,59,697.6
2	Set Rultgmeness
	(Profefot &it bInttax}reeres
	a)TtileMhinDivisionexacery	1,365.46	2,144.18	120.17	1,398.93	(810.66
	b)MachineTool&FodryDivisionun	2,755.86	1,6~5.64	294.67	3,637.43	2,785.96
	c)AdedTechlogy Ctrevancnoen	(629.39}	(737.49)	(642.55)	(2,586.97)	{1,643.2
	Total	3,491.93	3,062.33	(227.71)	2,449.39	332.0
	Add:Othellobleinf Ulioblet or un-acacomenenacandituexpere	666.35	1,5.3199	786.35	4,683.94	4,386.27
	Total PfitBefoTarorex	4,158.28	4,661.64	558.64	7,133.33	4,718.32
3	Set Aetsgmenss
	a)TtileMhinDivisionexacery	1,51,057.96	1,39,432.08	1,45,668.30	1;51,057.96	1,45,668.30
	b)MachineTool&FodryDivisionun	86,080.27	75,781.75	66,824.56	86,080.27	,824.566
	c)AdedThnoloCtrevancecgyen	2,449.19	2,307.97	3,146.27	2,449.19	3,146.27
	d)Unalldateoc	36,187.82	28,747.30	18,973.24	36,187.82	18,973.2
	Total	2,75,775.24	2,46,269.10	2,34,612.37	2,75,775.24	2,34,612.37
4	Seiabilitiest Lgmen
	a)TtileMhinDivisionexacery	75,272.31	57,058.63	56,845.06	75,272.31	56,845.0
	&b)MachineToolFodryDivisionun	19,218.11	14,827.99	9,368.08	19,218.11	9,368.08
	c)AdedTechlogy Ctrevancnoen	742.77	1,058.65	776.70	742.77	776.7
	d)Unalldateoc	2,512.83	1,829.31	1,586.93	2,512.83	1,586.93
	Total	97,746.02	74,774.58	,57686.77	97,746.02	68,576.7

Consolidated Balance Sheet as at 31st March, 2021

	Asta	Asta
Paiculrtars	Mch31021star, ~	',31Mch, 2020star
ASSETS
Notsntassen-curre
Pr, PlandEiptynttoperaqumen	68,746.42	69,530.17
Capitalk-inor-progressw	1,051.70	2,981.43
Int Pstrtyvemenrope
OthInibletaeterngasss	1,381.82	1,542.96
Fiial Aetnancsss
(i)Itmtsnvesen	13,504.23	4,735.76
{ii) Othfiial aeternancsss	26,843.15	27,192.22
Tol NCAtantetonurresss-	1,11,527.32	1,05,982.54
Cnteturreasss
Inientveors	34,492.99	28,849.08
Fiial Aetnancsss
(i}Itmtsnvesen	15,072.34	8,860.07
{ii} Tdeivablrarecees	17,815.41	10,741.78
(iii)Cashndhuilentacaseqvas	5,252.18	5,075.48
{iv)Bankbalheha{ii) abootr tancesnve	72,98109.	58,754.18
{v)Othfiial aeternancsss	3,219.22	5,2.0869
CTA(N)nteteturreaxsss	7,611.25	5,292.10
Othntetercurreasss	95.437,7	5,788.06
l CTotantAeturresss	1,64,247.92	1,28,629.83
Tol Ataetsss	2,75,775.24	2,34,612.37

Consolidated Balance Sheet as at 31st March, 2021

Paiculrtars	Asat	Asta
	31Mchst, .2021ar	Mah,31st2020'1rc
QSEUITYANDLIABILITIE
Equity
EquiShaitaltyrecap	1,068.30	1,068.30
OthEityerqu	1,76,960.92	1,64,967 .30
Equiribablef theCtyttuttoaownersoompany	1,78,029.22	1,66,035.60
l eitytaroqu	1, 78,029.22	1,66,035.60
LIABILITIES
Nliabilitienton-curres
fe(N)Dedtaliabilitieetrrexs	2,419.17	1,485.57
Othliabilitienternon-curres	13,479.66	6,806.33
Tol NCuLiabilitiestantonrre	15,898.83	8,291.90
Cliabilitienturres
Fiial Liabilitinances
{i)Tdeablesrapay
SDutoMicndall Entiseeroamerprs	1,087.82	136.30
DuOthtoeers	42,097.54	33,120.95
(ii}Othfiial liabilitieernancs	7,895.39	5,964.29
Prisiovons	1,239.36	1,162.35
Othntliabilitieercurres	29,527.08	19,900.98
l CTotantLiabilitiesurre	81,847.19	60,284.87
iabilitieTotal Ls	97,746.02	68,576.77
Total EityndLiabilitiesqua	2,75,775.24	2,34,612.37

Consolidated Cash Flow Statement for the year ended 31st March, 2021

PARTICULARS	Yended3are	1st Mch, 2021ar		Mch, 2020star
A.CASHACESFLOWFROMOPERATINGTIVITI
Profit aftetiol itbut befe tr excepnaemsorax		7,133.33		4,718.32
(VRSEof402.69Lakhs(P.Y.".:470.14Lakhs})xpenses~
Adjufosttsmenr:
Deedatiodtisatioprnanamornexpense	5,562.78		5,525.84
Finstsanceco	8.10		60.53
Profit oalef Ml Fdsutn souaun	{20.18)
Profit oalef aetsn soss	(608.57}		(916.67)
ofLoletsssonsaasse	15.19		1.22
Intt ieresncome	(6,023.42)		(6,543.28)
Dividdincenome	(SO.SO}		(555.73)
IncfroMl fdsutomemuaun	69.26
	(6)
/ (Gain)Cy CUnalidLoFoignh andhuivaltsresessonreurrencascaseqen	(0.19)	(1,786.05)	(0.21)	(2,428.30)
OpfitefatingPbrkinpitalcherroorewogcaanges		5,34287.		2,290.02
Adjufor (in)/deintinsttstsmencreasecreaseoperagasse
Tradivableereces	(7,073.63}		8,523.12
Invrietoens	(5,643.91)		3,741.13
Other finaial-NCetsntncassonurre	349.07		888.80
Other finaialCetsntncassurre-	382.58		855.82
Other Cnttsurreasse	(2,0056)7.		1,283.42
Adjufor ie/(de)intinliabilitisttsmenncreasecreasoperages
Tradbleepayas	9,928.11		{4,277.20)
Othentliabilitir noncurrees	6,673.33		1,757.90
Prisiovons	77.01		(441.80)
Other fiialliabilitiesnanc	1,931.10		(2,805.66)
Othentliabilitir currees	9,626.10	14,242.20	(1,486.01)	8,039.52
Cain/ gfrtioshdateduseeneromoperans		19,589.48		10,329.54
Taaidxes p		(3,914.71)		(2,930.09)
Net Chedin/gedfrtioatasuseneromoperans	[A]	15,674.77		7,399.45
CASHSTACESB.FLOWFROMINVEINGTIVITI
PurchofFixedts/CapitalWkInPraseasseorogress		(2,891.26)		(8,525.54)
Prdsfralef fixedtsoceeomsoasse		71796.		971.83
Inteivedt reresec		7,690.70		4,846.92
Dividdivedenrece		so.so		555.73
Saleofinsttsvemen
Invt inMl fds/ Deb(n)tmuttuetesenuaunenres		(5,824.11)		(4,7512)9.
(ln}/DinBankbalaidedhdshotcreaseecreasencesnconsreascasanca
uivalteqen		(14,234.92}		(863)7.
ininstii;itieNet chedctasusvengas	[B]	(14,412.38)		{6,9981}7.

	NOTES
12	r/Thdiddalondlidedfiial sfohended31st Mch, 2021testattatetsr trteeauanneaconsonancmenquayearearhabviedbthAuditCittndd_bthBodofDireittinheldc:tatveeenreewyeommeeaapproveyearorssmeegon24thM, 2021.Thdihdlifieddipinistatuttot oayeoryaursaveexpresseanunquaauonThBodhadedfinaldividdofR10ha(of·thfctifecilf Rs.10ch) fthearsrecommenaenspersreevueoeaoreyear2020-21bjthalf thehaholdinAnalGalMtint tsuecoeapprovosreersnuenereeg.
3	Exiol iioofR2,211.54lakhdsVolRireSchepttetattotaettcenamsrepresenacompensns.swarunrymenmefo.)tedr bpl{PviRs.209.76lakhsopyemoyees.reousyear
4	for/y/ rfifoFir theviter hbeededhe. Thegurespreousquareaaveenregroupearrangwrever necessaryguresrfigfigffuthteded31stMch2021thebalcinbetthditedthllequarrenarareanguresweeneauuresoe,f}° tUfincial y'r<tA§1fA;[of1hethirdf thefiial yt-etrteanea:,eurequar onancear.~fs.lhml MdA&, Hn·•fn:hh1cWorkst.imltedCI,,racInt,_,ereccomasu.,d,rn
Coimbatore	L
24thMay	AGK.RHU, 2021hiMbeN.11178emrspo

S. KRISHNAMOORTHY & CO.

. .

Chartered Accountants ·

PARTNERS

• . K.N. SREl:DHARAN .F.C.A.
• K. RAGHU F.c.A., A:c.s
• B. KRISHNAMOORTHI F.C.A.

· 'Kanapathy Towers' Ill Floor · No.' l391/A-l, Sa.thy Road Ganapathy~ Coimbatore 641 006 Phone : 0422 4039900 . E~mail : skmcoca@skmcoca.com

INDEPENDENT AUDITOR'S REPORT

. .

to..

V. INDIRA F.C.A.

-THE BOARD OF DIRECTORS OF LAKSHMI MACHINE WORKS·UMITED

· 1. We have audited the accompanying Statement of Consolidated Financial Results of Lakshmi Machine Works Limited (hereinafter referred to as "the Parent") and its subsidiaries (the· Parent and its s~bsidiaries together referred to as "the ·Group") forthe_ year ended 31.'03.2021. (11t_he Statement"), being submitted by the Parent pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and · Disclosure Requirements) Regulations, 2015, as .modified by Circular No CIR/CFD/FAC/62/2016 dated July 5, 2016 .. ·

. .

• 1. This Statement, which is the responsibility of the Parent's Managemet and approved by the Parent's Board of Drrectors, has been. ·compiled. from the related consolidated financial statements which has been prepared in accorance with the lndianAccounting . Standards prescribed under Section 133 of the Companies Act, 2013 read with the Companies Jin_dian Accounting Standards) Rules, 2015, as amended {"Ind AS''·), and other · accounting principles generally accepted in ·fndia. Our responsibility is to express an Qpinion on the Statement based on our aud.it of such consolidated financial· statements .
• . 3 .. _We conducted our audit in accordance with the Standards on Auditing specified under · Section 143(10) of the Companies Act 2013. 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 .
  • . An· audit involves performing procedures. to. obtain. audit evidence about the amoun.ts a·nd the disclosures in the Statement. An· audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by the Management, as. well as evaluating· the overall, presentation of the Statement. We believe that the audit evidence obtained by us and the audit evidence obtained. by other. auditors in terms of their. reports.: r~ferred to in · paragraph 5 below, is sufficient and appropriate to provide a basis for our audit opinion.
• · 4. In our opinion and to the hest of our information and according. to the explanations given to us, and based on the consideration of the reports of the other a~ditors on · . separate financial statemen,s and the other financial Tnformation of the subsidiary; referred to in paragraph 5 below, the:statement:

·nctudes the result of the following enti~ies:

LMW Textne Machinery (Suzhou) Co. Limited

• b. . is presented in accordance with the requirements of Regulation 33 of the SEBI . (Listing Obligations and Disclosure Requirements) ·Regulations, 2015, as modified by Circular No. CIR/CFD/FAC/62/2016dated July 5, 2016; and
• _c. gives a true and fair view in conformity with the tecogniti~n and measurement principles laid down in the aforesa•id .. Indian Accounting .§tandards and other accounting principles gen_erally-accepted in _India of the consolidated net profit, total compreherisive income and other financial-information of the company for the year. ended 3istMarch 2021.
• 5_ .. We did not audit the finandal statements of one subsidiary included in the consolidated financial result~, whose financial statements reflect total assets of Rs.11,554.02 lakhs as at 31st March,2021 total turnover ofRs. 8,142.76 lakhs, total net loss before tax of Rs . . 309.45 lakhs for th.e year ended on tht date, as considered in the consolidated financial results. These financial statements have ben a_udited by other auditors and have been furnished to us by the Management and our opinion on the Statement, -in.so far as it relates to the amounts and disclosures included in respect of.this subsidiary is _base~ .. solely on the reports of the other auditors. In our opinion and according to the . information and explanations given to us by the Management, these interim ·financial. statements are not material to the Group.

During·Financial·Yea_r 2020-21, there were. notransactions in LMW Aerospace Industries . Ud.

Our opinion on the Statement ,of Consolidated Financial Results is not rnodified in respect of the above matter.

• • ' < • '

1. The statement· includes the: results for the quarter ended 31st March, 2021 being the balancing figure. between audited figures in respect of the full financial year and published year to date figures up to the third quarter of the .current financial :y~ar · subject to limited .review by us.

Place: Coimbatore . Date: May 24; 2021 .· For S. KRISHNAMOORTHV & .Co. Chartered Accountants Firm' s Registration. No. 001496S

{:~ K.Raghu Partner, Auditor Membership No.011178 . u_DIN: 2-,() l r 1 ,i AA-A-AF1k":.f:, <g R..