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Mahalaxmi Rubtech Ltd. Interim / Quarterly Report 2023

Aug 10, 2022

60266_rns_2022-08-10_a62261f0-48a3-44a6-8701-d47e93735c17.pdf

Interim / Quarterly Report

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Mahalaxmi RubTech Limited

O F F S E T P R I N T I N G B L A N K E T S | T E C H N I C A L C O A T E D F A B R I C S

Ref: MRT/CS/Correspondence/2022-23/22

Date: August 10, 2022

To,

BSE LIMITED Phiroze Jeejeebhoy Towers, Dalai Street, Mumbai - 400 001, Maharashtra, India.

NATIONAL STOCK EXCHANGE OF INDIA LIMITED

Exchange Plaza, Plot No. C/l, G - Block, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051, Maharashtra, India.

Company / Script Code: 5 1 4 4 5 0

Trading Symbol: MHLXMIRU. Series: EQ

Dear Sir/Madam,

Sub: O utcom e of the B oard M eeting dated August 1 0 , 2 0 2 2 .

Kindly take a note that the Meeting of the Board of Directors of the Company, held on the Wednesday, August 10, 2022, at the Corporate Office of the Company, has considered and approved the Unaudited (Standalone and Consolidated) Financial Results along with the Independent Auditor's Limited Review Report thereon, for the First Quarter ended on June 30, 2022.

Pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing obligations and Disclosure Requirements) Regulations, 2015, we enclose the following:-

  1. Unaudited (Standalone and Consolidated) Financial Results for the First Quarter ended on June 30, 2022 .

  2. Independent Auditor’s Limited Review Report on the Unaudited Financial Results (Standalone and Consolidated) for the First Quarter ended on June 30,2022.

The Meeting of the Board of Directors of the Company commenced at 05.30 P.M. and concluded at 09:40 P.M.

Kindly take the same on record and oblige.

Thanking you,

Yours faithfully,

FOR, MAHALAXMI RUBTECH LIMITED

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SHITAL MARSH TRIVEDI COMPANY SECRETARY ICSI MEMBERSHIP NO.: A 6 0 8 5 5

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W O R KS :

UMA INDUSTRIAL ESTATE, PHASE III. VILLAGE: VASNA-IYAVA. TALUKA: SANAND, DISTRICT: AHM EDABAD - 382 170. INDIA TELEPHONE: 02717-284309, 284310 FAX: 02717-284152 E-MAIL: m rt@m rtglobal.com WEBSITE: www.mrtglobal.com

REG D . O FFICE:

4 7 NEW CLOTH MARKET. AHMEDABAD - 380 002, INDIA. TELEPHONE +91-79-22160776 CINNO L2S190GJ1991PLC016327

C O R P O R A T E O FFICE: M AHALAXM I HOUSE, YSL AVENUp. OPR KETAV PETROL PUMR POLYTECHNIC ROAD. AMBAWADI, AH M EDABAD - 380 015. INDIA. TELEPHONE: +91-79-40008000 FAX: +91-79-40008030

Office: C-344, Sum eH l, Nr. Namaskar Circle, Shahibaug, Ahmedabad - 380 004 CA Cell: 90166 90045 E-mail: [email protected]

Ja in ch o w d h ary & Co. C H A R T E R E D A C C O U N T A N T S

Independent Auditor's Review Report on the Quarterly Unaudited Standalone Financial Results of the Company pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

To, The Board of Directors of Mahalaxmi Rubtech Limited

  1. We have reviewed the accompanying statement of Unaudited Standalone Financial Results of Mahalaxmi Rubtech Limited (the "Company") for the Quarter ended June 30, 2022 (the "Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations").

  2. 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 the Indian Accounting Standards 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.

  3. We conducted our review of the Statement 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 of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

  4. 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 aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013, as amended, read with relevant Rules issued thereunder and other accounting principles generally

==> picture [38 x 30] intentionally omitted <==

Head Office: 1 0 4 , Model Residency, 8 . J. Marg, Jacob Circle, MahaSaxmi, Mumbai - 4 0 0 O i l Phone: + 9 1 -2 2 -2 3 0 0 2 9 2 1 / 2 5 | E-mail jainchowdhary®gmail.com j www.jainchowdhary.com Branches: Jaipur | Farrdabad j Taipei

Office: C-344, Sum eHl, Nr. Namaskar Circle, Shahibaug, Ahmedabad - 380 004 f / 0mmJ \ Lf jk Jain chowdhary & Co. Cell: 90166 90045 E-mail: [email protected] ''S ^ * C H A R T E R E D A C C O U N T A N T S ^ ~

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==> picture [94 x 20] intentionally omitted <==

accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed or that it contains any material misstatement.

Date: August 10, 2022 Place: Ahmedabad

For, Jain Chowdhary & Co. Chartered Accountants Firm Registration No. 113267W HITESH Digitally signed by HITESH ASHOKKUMAR ASHOKKUMAR SALECHA Date: 2022.08.10 18:23:28 SALECHA +05,30‘ CA Hitesh Salecha Partner Membership No.: 147413 UDIN: 22147413A0TZG N 7414

Head Office: 1 0 4 , Model Residency. 8. J. Marg, Jacob Circle, Mahalaxmi. Mumbai - 4 0 0 O i l P h o n e.+ 9 1 -2 2 -2 3 0 0 2 9 2 1 / 2 5 [ E-mail, [email protected] j www.jainchowdhary.com Branches Jaipur | Faridabad | Taipei

____ M ahalaxmi R ubT ech L imited

O F F S E T P R IN T IN G B L A N K E T S I T E C H N I C A L C O A T E D FABRICS

STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR QUARTER ENDED JUNE 30,2022

(Amt in Lakhs) (Amt in Lakhs)
STANDALONE
QUARTER ENDED YEAR ENDED
Sr. P a rtic u la rs 30/06/2022 31/03/2022 30/06/2021 31/03/2022
No. (Unaudited) (Audited) (Unaudited) (Audited)
1 Revenue from operations 4882.12 4513.96 3500.78 16964.35
2 Other income 267.29 198.96 73.57 449.82
3 Total Revenue (1+2) 5149.41 4712.92 3574.36 17414.17
4 Expenses:
a Cost of Material Consumed 3102.04 2260.25 2062.33 8941.72
b Purchase of stock -in - trade
c Changes in inventories of Finished Goods, Work in
Progress & Stock in trade (537.25) (309.79) -320.24 -337.95
d Employee benefits expense 309.03 329.01 284.95 1224.13
e Finance costs 99.99 99.06 71.98 375.90
f Depreciation and amortisation expense 205.04 267.62 190.53 849.04
g Other expenses 1760.37 1848.93 1116.81 5642.15
Total Expenditure (a + g) 4939.23 4495.08 3406.36 16695.00
5 Profit from Operation before exceptional and
extraordinary item and tax (3-4) 210.18 217.84 168.00 719.17
6 Exceptional Items _ — — —
7 Profit before Extraordinary Item and tax(5-6) 210.18 217.84 168.00 719.17
8 Extraordinary Item — — — —
9 Profit before Tax (7-8) 210.18 217.84 168.00 719.17
10 Tax Expenses:
Current Tax 46.37 69.30 31.23 182.85
Deferred Tax 6.79 -6.66 (6.76) -5.90
11 Profit for the periodfromcontinuing operations(9-10) 157.02 155.20 143.53 542.22
12 Profit / loss from discontinuing operations before tax — — — —
13 Tax expenses of discontinuing operations __ ... — —
14 Profit / loss from discontinuing operations after
Tax (12-13)		 0.00 ...
15 Profit / loss for the period (11+14) 157.02 155.20 143.53 542.22
16 Share of Profit / (Loss) of Associates (After tax) — — —
17 Other Comprehensive Income (After tax) 3.73 (4.49) 5.79 12.89
18 Total Comprehensive Income
(15+16+17)		 (After tax) 160.75 150.71 149.32 555.1 1
19 Other Equity — — —
20 Paid up Equity Share Capital (Face Value of
Rs.10/- per Share)
___		 1062.03 1062.03 1332.03 1062.03
21 Earning per Equity Share
Basic EPS (Rs.) I jS f _\ _ 1.48 1.46 1.08 4.46
Diluted EPS (Rs.) ( \5 l ) a j 1.48 1.46 1.08
------------------------------------------------—
 J m —

  • ____ c [------------------------------------------------—] DRPDRATF OFFICE;------------------------V .

  • MAHALAXMI HOUSE. YSL AVENUE. INDUSTRIAL fcsTATE. PHASE III. VILLAGE: VASNA-IYAVA.

  • 47, N EW CLOTH MARKET. AHMEDABAD - 380 002, INDIA. TELEPHONE +91-79-22160776

  • OPR KETAV PETROL PUMR PO LYTECHNIC ROADT^ TALUKA: SANAND, DISTRICT: AHMEDABAD - 382 170, INDIA AMBAWADI, AHMEDABAD 380 015, INDIA. TELEPHO NE: 02717-284309. 284310 FAX: 02717-284152 T E L E P H O N E :+91-79-40008000 FAX: +91-79-40008030 E-MAIL: m rt@ m rtglobal.com WEBSITE: www.m rtglobal.com

  • CIN NO L25190GJ1991PLC016327

M ahalaxmi RubT ech L imited

Notes :

O F F S E T P R IN T IN G B L A N K E T S | T E C H N I C A L C O A T E D FABRICS

  • 1 The above Standalone Unaudited Financial Results were reviewed by the Audit Committee and approved by the Board of Directors in their respective Meeting held on August 10, 2022. The Limited Review of the Standalone Financial Results for the First Quarter ended on June 30, 2022 for the Financial Year 2022-23 has been carried out by M/s. Jain Chowdhary & Co., Chartered Accountants, Statutory Auditor of the Company.

  • 2 These Financial Results have been prepared in accordance with the Indian Accounting Standards (IND AS) as specified in the Companies (Indian Accounting Standards) Rules, 2015 (As amended from time to time) and Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (As amended from time to time) and the Circulars and Notifications issued thereunder.

  • 3 The Company is working in two segments namely Traditional Textile Segment and Polymer based Technical Textile & Rubber Segment. The segment information is given in the annexure attached hereto.The weaving unit of the company is now manufcturing mainly grey fabrics for Polymer based Technical Textile & Rubber Segment.Thus, operations of weaving unit for the current quarter is reported in polymer based Technical Textile & Rubber Segment.

  • 4 To facilitate comparison, figures of previous period have been regrouped, restated and rearranged, wherever necessary.

  • 5 Tax expenses includes provision for Current Tax and Deferred Tax.

  • 6 The above Standalone Unaudited Financial Results are available at the Corporate Office of the Company as well as on the Company's website i.e. www.mrtglobal.com and Stock Exchanges website i.e. www.bseindia.com & www.nseindia.com, for inspection of Members of the Company.

Dated : August 10,2022 Place : Ahmedabad.

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For, MAHALAXMI RUBTECH LIMITED

— — * 3 — ^ ----------JEETMAL B PAREKH CHAIRMAN DIN NO 00512415

.ORPORATE OFFICE:

WORKS:

UMA INDUSTRIAL bsTATE, PHASE III. VILLAGE: VASNA-IYAVA. TALUKA: SANAND. DISTRICT: AHMEDABAD - 382 170. INDIA TELEPHONE: 02717-284309, 284310 FAX: 0271 7-2841 S2 E-MAIL: m rt@ m rtglobal.com WEBSITE: www.m rtglobal.com

REGD. OFFICE:

  • 4 7 N EW CLOTH MARKET AHMEDABAD - 380 002, INDIA. TELEPHONE +91-79-22160776

  • CINNO L25190GJ1991PLC016327

1AHALAXMI HOUSE. YSL AVENUtj.

•PR KETAV PETROL PUMR POLYTECHNIC ROAD. MBAWADI, AHMEDABAD - 380 0I5. INDIA.

-LEPHONE: + 91-79-40008000 FAX: +91-79-40008030

i ; K t M a h a l a x m i R u b T e c h L im it e d

O F F S E T P R IN T IN G B L A N K E T S | T E C H N I C A L C O A T E D FABRICS

(Amt in Lakhs) (Amt in Lakhs)
STANDALONE
P a rtic u la rs QUARTER ENDED YEAR ENDED
30/06/2022 31/03/2022 30/06/2021 31/03/2022
(Unaudited) (Audited) (Unaudited) (Audited)
1 Segment Revenue
A. Polymer Based Technical Textile & Rubber 1495.33 1408.07 703.61 4484.69
B. Traditional Textile 3395.44 3321.99 2975.48 13213.35
C. Unallocable
Total 4890.77 4730.07 3679.09 17698.04
Less: Inter segmental revenue 8.65 216.11 178.31 733.69
Net Sales / Income from operations 4882.12 4513.96 3500.78 16964.35
2 Segment Results (Profit (+)/Loss (-)
before tax and Interest!
A. Polymer Based Technical Textile & Rubber 212.96 595.69 160.14 1363.73
B. Traditional Textile 100.50 -275.37 81.31 -266.10
Total 313.46 320.32 241.45 1097.63
Less Interest 92.57 124.44 57.04 324.20
Less: Other un-allocable expenditure net of income 10.71 -21.96 16.42 54.26
Total Profit before Tax 210.18 217.84 168.00 719.17
3 Capital Employed
Assets
A. Polymer Based Technical Textile & Rubber 6432.71 4340.62 4116.48 4340.62
B. Traditional Textile 10786.49 12351.42 13842.85 12351.42
C. Unallocable 1151.46 1355.25 1090.38 1355.25
Total Assets 18370.66 18047.29 19049.70 18047.29
Liabilities
A. Polymer Based Technical Textile & Rubber 2969.93 1366.14 1312.75 1366.14
B. Traditional Textile 7027.92 8232.75 7166.74 8232.75
C. Unallocable 509.75 746.09 975.75 746.09
Total Liabilities 10507.59 10344.97 9455.24 10344.97
Capital Employed
A. Polymer Based Technical Textile & Rubber 3462.78 2974.48 2803.73 2974.48
B. Traditional Textile 3758.58 4118.67 6676.11 4118.67
C. Unallocable 641.71 609.17 114.63 609.17
TOTAL (ASSETS - LIABILITIES) 7863.07 7702.32 9594.46 7702.32

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CORPORATE OFFICE:

WORKS:

UMA INDUSTRIAL fcsTATE, PHASE III, VILLAGE: VASNA-IYAVA. TALUKA: SANAND, DISTRICT: AHMEDABAD - 382 170. INDIA. TELEPHO NE: 02717-284309, 2843 10 FAX: 02717-284152 E-MAIL: m rt@ m rtglobal.com W EBSITE: www.m rtglobal.com

REGD. OFFICE:

47 N EW CLOTH MARKET, AHMEDABAD - 380 002, INDIA. TELEPHONE +91-79-22160776

MAHALAXMI HOUSE. YSL A VEN UE. OPR KETAV PETROL PUM P POLYTECHNIC ROAD. AMBAWADI, AHMEDABAD - 380 0 15. INDIA. T E L E P H O N E :+91-79-40008000 F A X :+91-79-40008030

CIN NO • L25190GJ1991PLC016327

Office: C-344, Sum eH l, Nr. Namaskar Circle, Shahibaug, Ahmedabad - 380 004 Cell: 90166 90045 E-mail: [email protected] (A

Jain chowdhary & Co. C H A R T E R E D A C C O U N T A N T S

==> picture [553 x 30] intentionally omitted <==

Independent Auditor's Review Report on the Quarterly Unaudited Consolidated Financial Results of the Company pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

To

The Board of Directors of Mahalaxmi Rubtech Limited

  1. We have reviewed the accompanying statement of Unaudited Consolidated Financial Results of Mahalaxmi Rubtech Limited ("Holding Company") and its Subsidiaries (the Holding Company and its Subsidiaries together referred to as "the Group") for the Quarter ended June 30, 2022 (the "Statement”) attached herewith, being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations").

  2. This Statement, which is the responsibility of the Holding Company's Management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards 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.

  3. We conducted our review of the Statement 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 of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the Circular No. CIR/CFD/CMD1/44/2019 dated March 29, 2019, issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable.

H e a d O f f ic e : 1 0 4 , Model Residency, 8 . J. Marg, Jacob Circle, Mahalaxmi, Mumbai - 4 0 0 O i l Phone + 9 1 -2 2 -2 3 0 0 2 9 2 1 / 2 5 | E-mail, jainchowdhary^gmail.com | www.jainchowdhary.com Branches Jaipur J Faridabad } Taipei

Office: C-344, Sum eH l, Nr Namaskar Circle, /'“""’/W Shahibaug, Ahmedabad - 380 004 f Cell: 90166 90045 E-mail: [email protected] ' *

jpam chowdhary & Co, C H A R T E R E D A C C O U N T A N T S

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4. The Statement includes the results of the following Entities: The Statement includes the results of the following Entities: The Statement includes the results of the following Entities:
Sr. Name of the Entity Relationship
No.
1. Globale Tessile Private Limited (GTPL] Wholly Owned Subsidiary
(CIN: U17299GI2017PTC098506] Company
2. Mahalaxmi Exports Private Limited (MEPL) Wholly Owned Subsidiary
(CIN: U17299GI2019PTC110673) Company

  1. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of other auditors referred to in paragraph 7 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013, as amended, read with relevant Rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed or that it contains any material misstatement.

  2. The accompanying Statement includes Unaudited Financial Results and other Unaudited Financial Information, in respect of its two Wholly Owned Subsidiary Companies namely GTPL and MEPL whose interim Financial Results reflect Group's Share of total revenues of Rs. 10,78,19,252, Group's share of total net profit after tax of Rs. 43,81,476, Group's share of total comprehensive income of Rs. Nil, for the quarter ended June 30, 2022, as considered in the Statement, which have been reviewed by their respective Independent Auditors. The Independent Auditor's Reports on interim Financial Results of these Entities have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures in respect of these Entities is based solely on the report of such Auditors and procedures performed by us as stated in paragraph 3 above.

Our conclusion on the Statement in respect of matters stated in para 6 above is not modified with respect to our reliance on the work done and the reports of the other Auditors.

Date: August 10, 2022 Place: Ahmedabad

For, Jain Chowdhary & Co. Chartered Accountants Firm Registration No. 113267W Digitally signed by HITESH HITESH ASHOKKUMAR a s h o k k u m a r s a l e c h a SALECHA Date: 2022.08.10 18:33:28 +0S'30' CA Hitesh Salecha Partner Membership No.: 147413 UDIN: 22147413AOTZZN5902

Head Office: 1 0 4 , Model Residency, 8. J. Marg, Jacob Circle, Mahalaxmi. Mumbai - 4 0 0 O i l Phone: + 9 1 -2 2 -2 3 0 0 2 9 2 1 / 2 5 | E-mail: jainchowdhary®gmail.com j www.jainchowdhary.com Branches Jaipur | Faridabad | Taipei

M a h a l a x m i R u b T e c h L im it e d

k Ti t:H it

O F F S E T P R IN T IN G B L A N K E T S I T E C H N I C A L C O A T E D FABRICS

STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR QUARTER ENDED JUNE,2022

(Amt in Lakhs) (Amt in Lakhs)
CONSOLIDATED
QUARTER ENDED YEAR ENDED
Sr. P a rtic u la rs 30/06/2022 31/03/2022 30/06/2021 31/03/2022
No. (Unaudited) (Audited) (Unaudited) (Audited)
1 Revenue from operations 5954.11 6609.34 3524.28 19731.93
2 Other income 273.49 232.58 73.57 483.44
3 Total Revenue (1+2) 6227.60 6841.91 3597.85 20215.37
4 Expenses:
a Cost of Material Consumed 4248.44 3372.54 2101.44 10694.92
b Purchase of stock -in - trade
c Changes in inventories of Finished Goods, Work in
Progress & Stock in trade (880.71) (346.48) -343.19 -411.53
d Employee benefits expense 351.89 350.82 287.20 1252.69
e Finance costs 124.86 141.80 71.98 424.64
f Depreciation and amortisation expense 206.65 269.21 190.53 850.62
g Other expenses 1908.92 2621.46 1117.68 6424.24
Total Expenditure (a + g) 5960.05 6409.35 3425.63 19235.58
C
D		 Profit from Operation before exceptional and
extraordinary item and tax (3-4)		 267.55 432.56 172.22 979.79
6 Exceptional Items _ _ — —
7 Profit before Extraordinary Item and tax(5-6) 267.55 432.56 172.22 979.79
8 Extraordinary Item _ _ — . . .
9 Profit before Tax (7-8) 267.55 432.56 172.22 979.79
10 Tax Expenses:
Current Tax 60.81 127.49 31.89 248.20
Deferred Tax 5.91 2.04 -5.66 2.80
11 Profit for the periodfromcontinuing operations(9-10) 200.83 303.03 145.99 728.79
12 Profit / loss from discontinuing operations before tax _ — — —
13 Tax expenses of discontinuing operations — — — —
14 Profit / loss from discontinuing operations
Tax (12-13)		 after 0.00
15 Profit / loss for the period (11+14) 200.83 303.03 145.99 728.79
16 Share of Profit / (Loss) of Associates (After tax) — — — —
17 Other Comprehensive Income (After tax) 3.73 (4.49) 5.79 12.89
18 Total Comprehensive Income
(15+16+17)		 (After tax) 204.56 298.54 151.78 741.67
19 Other Equity — — . . .
20 Paid up Equity Share Capital
Rs.10/- per Share)		 (Face Value of 1062.03 1062.03 1332.03 1062.03
21 Earning per Equity Share
Basic EPS (Rs.) 1.89 2.85 1.10 5.99
Diluted EPS (Rs.) I(3 ( ]q )J 1.89 2.85 1.10 5.99
_____x_ L J d
______
CORPORATE OFFICE: *AH> WORKS:

WORKS:

REGD. OFFICE:

  • MAHALAXMI HOUSE, YSL AVENUE.

  • UMA INDUSTRIAL EsTATE, PHASE III. VILLAGE: VASNA-IYAVA.

  • 4 7 N EW CLOTH MARKET, AHMEDABAD - 380 002, INDIA. TELEPHONE +91-79-22160776 CIN NO ■ L25190GJ1991PLC016327

  • OPR KETAV PETROL PUMR POLYTECHNIC ROAD. AMBAWADI, AHMEDABAD - 380 015, INDIA.

  • TALUKA: SANAND, DISTRICT: AHMEDABAD - 382 170, INDIA.

  • TELEPHONE: 02717-284309, 284310 FAX: 02717-284152

T E L E P H O N E :+91-79-40008000 F A X :+91-79-40008030 E-MAIL: m rt@ m rtglobal.com W EBSITE: www.m rtglobal.com

k Ti

M ahalaxmi RubT ech L imited

Notes:

O F F S E T P R IN T IN G B L A N K E T S | T E C H N I C A L C O A T E D FABRICS

  • 1 The above Consolidated Unaudited Financial Results were reviewed by the Audit Committee and approved by the Board of Directors in their respective Meeting held on August 10, 2022. The Limited Review of the Consolidated Financial Results for the First Quarter ended on June 30, 2022 for the Financial Year 2022-23 has been carried out by M/s. Jain Chowdhary & Co., Chartered Accountants, Statutory Auditor of the Company.

  • 2 This Financial Results have been prepared in accordance with the Indian Accounting Standards (IND AS) as specified in the Companies (Indian Accounting Standards) Rules, 2015 (as amended from time to time) and Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended from time to time) and the Circulars and Notifications issued thereunder.

  • 3 The Consolidated Unaudited Financial Results of the Company comprises of financial figures of Globale Tessile Private Limited (GTPL) (CIN: U17299GJ2017PTC098506) and Mahalaxmi Exports Private Limited (MEPL) (CIN: U17299GJ2019PTC110673), its Wholly Owned Subsidiary Companies.

  • 4 The Company is working in two segments namely Traditional Textile Segment and Polymer based Technical Textile & Rubber Segment. The segment information is given in the annexure attached hereto.The weaving unit of the company is now manufcturing mainly grey fabrics for Polymer based Technical Textile & Rubber Segment.Thus, operations of weaving unit for the current quarter is reported in polymer based Technical Textile & Rubber Segment.

  • 5 To facilitate comparison, figures of previous period have been regrouped, restated and rearranged, wherever necessary.

  • 6 Tax expenses includes provision for Current Tax and Deferred Tax.

  • 7 The above Consolidated Unaudited Financial Results are available at the Corporate Office of the Company as well as on the Company's website i.e. www.mrtglobal.com and on the BSE and NSE Stock Exchange website i.e www.bseindia.com & www.nseindia.com, respectively.

Dated : August 10,2022 Place : Ahmedabad.

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For, MAHALAXMI RUBTECH LIMITED

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JEETMAL B PAREKH CHAIRMAN DIN NO 00512415

CORPORATE OFFICE:

WORKS:

REGD. OFFICE:

UMA INDUSTRIAL ESTATE, PHASE III. VILLAGE: VASNA-IYAVA. TALUKA: SANAND, DISTRICT: AHMEDABAD - 382 170. INDIA. TELEPHO NE: 02717-284309, 284310 FAX: 02717-284152 E-MAIL: m rt@ m rtglobal.com W EBSITE: www.m rtglobal.com

MAHALAXMI HOUSE. YSL AVEN Uf. OPR KETAV PETROL PUMR PO LYTECHNIC ROAD. AMBAWADI. AHMEDABAD - 380 015. INDIA. TELEPH O N E: +91-79-40008000 FAX: +91-79-40008030

47 N EW CLOTH MARKET. AHMEDABAD - 380 002, INDIA. TELEPHO NE +91-79-22160776 CIN NO.’ L25190GJ1991PLC016327

M ahalaxmi RubT ech L imited

O F F S E T P R IN T IN G B L A N K E T S | T E C H N I C A L C O A T E D FABRICS

(Amt in Lakhs) (Amt in Lakhs)
CONSOLIDATED
P a rtic u la rs QUARTER ENDED YEAR ENDED
30/06/2022 31/03/2022 30/06/2021 31/03/2022
(Unaudited) (Audited) (Unaudited) (Audited)
1 Segment Revenue
A. Polymer Based Technical Textile & Rubber 1495.33 1408.07 703.61 4484.69
B. Traditional Textile 4467.43 5417.37 2998.97 15980.93
C. Unallocable
Total 5962.76 6825.44 3702.58 20465.62
Less: Inter segmental revenue 8.65 216.11 178.31 733.69
Net Sales / Income from operations 5954.11 6609.34 3524.28 19731.93
2 Segment Results (Profit (+)/Loss (-)
before tax and Interest)
A. Polymer Based Technical Textile & Rubber 212.96 595.69 160.14 1363.73
B. Traditional Textile 160.81 -21.80 85.54 39.34
Total 373.76 573.89 245.68 1403.07
Less Interest 95.50 163.28 57.04 369.02
Less: Other un-allocable expenditure net of income 10.71 -21.96 16.42 54.26
Total Profit before Tax 267.55 432.56 172.22 979.79
3 Capital Employed
Assets
A. Polymer Based Technical Textile & Rubber 6432.71 4340.62 4116.48 4340.62
B. Traditional Textile 12530.77 13517.02 14305.24 13517.02
C. Unallocable 1151.46 1355.25 1090.38 1355.25
Total Assets 20114.94 19212.89 19512.10 19212.89
Liabilities
A. Polymer Based Technical Textile & Rubber 2969.93 1366.14 1312.75 1366.14
B. Traditional Textile 8563.65 9233.61 7648.40 9233.61
C. Unallocable 509.75 746.09 975.75 746.09
Total Liabilities 12043.32 11345.84 9936.90 11345.84
Capital Employed
A. Polymer Based Technical Textile & Rubber 3462.78 2974.48 2803.73 2974.48
B. Traditional Textile 3967.12 4283.41 6656.84 4283.41
C. Unallocable 641.71 609.17 114.63 609.17
TOTAL (ASSETS - LIABILITIES) 8071.62 7867.05 9575.20 7867.05

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CORPORATE OFFICE:

WORKS:

REGD. OFFICE:

UMA INDUSTRIAL ESTATE, PHASE III. VILLAGE: VASNA-IYAVA. TALUKA: SANAND, DISTRICT: AHMEDABAD - 382 170. INDIA TELEPHONE: 02717-284309. 284310 FAX: 02717-284152 E-MAIL: [email protected] WEBSITE: www.mrtglobal.com

4 7 NEW CLOTH MARKET. AHMEDABAD - 380 002, INDIA. TELEPHONE +91-79-22160776 CIN NO L25190GJ1991PLC016327

MAHALAXMI HOUSE. YSL AVENUf. OPR KETAV PETROL PUMR POLYTECHNIC ROAD, AMBAWADI. AHMEDABAD - 380 015. INDIA.

TELEPHONE: +91-79-40008000 FAX: +91-79-40008030

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