MANAKSIA LIMITED — Audit Report / Information 2021

Jun 15, 2021

Corporate Identity Number : L74950WB1984PLC038336

Registered Office 'Tamer Morrison Building' 6 Lyons Range, Mezzanine Floor, North-west Comer Kolkata - 700001, INDIA Phone * +91 33 2231 0055 E-mail : info@manaksia.com Website : www.manaksia.com

Date: 15/06/2021

Sec/Share/011/FY 21-22

The Secretary BSE Limited New Trading Wing, Rotunda Building, PJ Tower, Dajal Street, Mumbai- 400001 SCRIP CODE: 532932 The Manager ; National Stock Exchange of India Limited Exchange Plaza. C-1. Block "G" 5" floor, Bandra Kurla Complex. Bandra East. Mumbai- 400051 SYMBOL: MANAKSIA

Dear Sir/Madam,

Sub: Outcome of Board Meeting held on 15" June, 2021

Please note that the Board of Directors of the Company at its meeting held today. which commenced at 12:55 P.M. and concluded at 03:56 P.M. has inter alia transacted the following business(es):

• (a) Adopted the Audite d Financial Statement (both Standalone and Consolidated) of the Company for the year ended on 31" March, 2021.
• (b) Approved the Audited Financial Results (both Standalone and Consolidated) of the Company for the quarter and year ended on 31st March. 2021. A copy of the Financial Results (both Standalone and Consolidated) of the Company for the quarter and year ended on 31st March, 2021 along with Unmodified Independent Audit Reports of the Statutory Auditors on the Standalone and Consolidated Financial Results of the Company for the quarter and year ended 31" March. 2021 are enclosed as Annexure-A)

We hereby declare that the Statutory Auditors of the Company have express their Unmodified Opinions in respect of Audited Standalone 'and Consolidated Financial Statement for the year ended on 31% March, 2021. the copy of declaration of the Managing Directors is enclosed as Annexure —B.

(c) Recommended Final Dividend @ 150% (i.e. Rs. 3.00/- per equity shares having face value of Rs. 2/- each) on the equity shares of the Company for the Financial Year 2020-21 subject to approval of the shareholders at the ensuing Annual general Meeting (AGM) of the Company and the dividend will be paid afier the AGM. We shall inform you in due course the record date, the date on which the Company will hold its AGM for the year ended 31" March, 2021 and the date from which dividend.

na

Registered Office ' : _ | "Turner Morrison Building' 6 Lyons Range, irr , Kolkata - 700001, INDIA Limited - Phone : +91 33 2231 0055 E-mail: info@manaksia.com Website : www.manaksia.com Corporate Identity Number ; (74950WB1984PLC038336

if approved by the shareholders, will be paid or demand draft/varrants thereof despatched to the shareholders, © |

• (d) Constituted Risk Management Committee in compliance with Regulation 21 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
• (e) Approved re-appointment of M/s. Agrawal Tondon & Co. (FRN: 329088E) as Internal Auditor of the Company for the Financial Year 2021-22. A brief profile of M/s. Agrawal Tondon & Co. is enclosed as Annexure-C.
  • (f) Approved re-appointment of M/s. Vinod Kothari & Company as Secretarial Auditor of the Company for the Financial Year 2021-22. A brief profile of M/s. Vinod Kothari & Company is enclosed as Annexure-D.

This may be treated as compliance with relevant Regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations. 2015.

Thanking you, . ° , " ' . 7 J OS Yours faithfully, 4

For Manaksia Limited

(Pradip Kumar Kandar) Company Secretary :

Encl; As above

{

CHARTERED ACCOUNTANTS LLP 1865, Rajdanga Main Road.

Chartered Accountants Ph: 033-40080002'9903.990 Firm Registration No. 306033E/E300272 axe 2 A00 ROO

SK AGRAWAL AND CO | Suite Nos. —606Th-e Champers 608, 7 Ikata- 700107 Website: www. skagrawal.co.int

Ane VRE- A

Independent Auditors Report on the Quarterly and Year to Date Audited Standatone Financial Results of the Company pursuant to the regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, as amended '

To Board of Directors of, Manaksia Limited

Report on the Audit of Standalone Financial Results

Opinion

We have audited the accompanying standalone financial results of Manaksia Limited (hereinafter referred to as the 'the Company") for the year ended 31° March, 2021 attached herewith. being submitted by the Company pursuant to the requirement of Regulation 33 of the SEB! (Listing Obligations and Disclosure Requirements) Regulations. 2015. as amended ('Listing Regulations').

Tn our opinion and to the best of our information and according (o the explanations given to us these standalone financial statements:

• l. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
• 1. give a true and fair view in conformity with the applicable accounting standards, and other accounting principles generally accepted in India. of net — profit and other comprehensive income and other financial information of the Company for the vear ended 318! March, 2021. m4 ' \ . '

Basis for Opinion , vo Li

We conducted our audit in accordance with the Standards on Auditing' (SAs) specified undér séction 143(10) of the Companies Act, 2013 ("Act"). Our responsibilities under those Standards are further described in the "Auditor's Responsibilitiés for the Audit of ihe Standajone Financial Results" 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 Aci. 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 audil evidence obtained by us is sufficient and appropriate to provide a basis for our opinion. oo Sot

CHARTERED ACCOUNTANTS LLP 1865, Rajdanga Main Road.

• • : - Ph: 033-40089902,9903.9904 Firm Registration No. 306033E/E300272 tax-033-40089905

SK AGRAWAL AND CO . Suite Nos, — 606-608. The Chambers Chartered Accountants Kolkata- 700107 Website: www skagrawal.cu.in

Emphasis of Matter

We draw attention to Note H to the standafone financial results, which describes the uncertainties and potential impact of the Covid-19 pandemic on the company's operations and results as assessed by the management. The actual results may differ from such estimates depending upon future developments. Our opinion is not modified in respect of this matter.

Board of Directors' Responsibilities for the Standalone Financial Results

These Standalone financial results have been prepared based on the standaione annual financial statements. The Company's Board of Directors are responsible for the preparation and presentation of these standalone financial results that give a true and fair view of the net profit and other comprehensive income and other financial information of the company in accordance with the Indian Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Board of Directors of the Company are responsible for mainienance of adequate accounting records in 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 accounting policies; making judgments and estimates that are reasonable and prudent: and the design, implementation and maintenance of adequate- internal financial controls. that were operating effectively for ensuring' accuracy and completeness of the accounting records. relevant to the preparation and presentation of the standalone financial results that give a (ree and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the standalone financial results, the Board of Directors of the Company are responsible for assessing the ability of the Company to continue as a going concetn. disclosing. as applicable. matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to 'liquidate the Company or to cease dperations. or has no realistic alternative but todo so. 9° Soon ' ' eo

The Board of Directors of the Company are also responsible for overseeing thé financial reporting process. , ae oO i .

Auditor's Responsibilities for the Audit of the Standalone Financial Results '

. moo .

Our objectives are to obtain reasonable assurance about whether the standalone finanéidl resiilts as a whole are free from material misstatement, whether due to fraud dr error, and to issue an atidilor's report that includes our opinion. Reasonable assurance is a high level of assurance but is nota guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when i exists. Misstatements can arise from fraud or error and are considered material if, individually or in the bt : : :

CHARTERED ACCOUNTANTS LLP 1865. Rajdanga Main Road. Kathata- "G0 17

Chartered Accountants ' . : . ~ Ph: 033-40089902 9903 9904 Firm Registration No. 306033E/E300272 bax-033-40089905

SK AGRAWAL AND CO Suite Nos. — 606-608, The Chambers Website: wiew skagrawal coun

aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these standalone financial results.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audil. We also:

• * Identify and assess the risks of material misstatement of the standalone financial results. whether due to fraud or error, design and perform audit procedures respansive to those risks. and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion, The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion. forgery. intentional omissions. misrepresentations, or the override of internal control.
• ¢ Obtain an understanding of interna! control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act. We are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls,
• * Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Beard of Directors. : i
• e Conclude on the appropriateness of the Board of Directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material 'uncertainty exists related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. [we conclude that a material uncertainty exisls. we are required io draw attention in our auditor's report to the related disclosures in the standalone financial results or, if such disclosures are inadequate. to modify our opinion. Our conciusions are based on the audit evidence obtained up té the date of our auditor's report. However. fulure events or conditions may cause the compaiy to cease to continue as a going concern.
• ¢ Evaluate the overall presentation, structure and content of the standalone finankial results, including the disclosures, and whether the standalone financial results represent the underly ing transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance of the Company. among other matters. the planned scope and timing of the audit and significant audit findings. including any significant deficiencies in internal control that we identify during our audit. '

CHARTERED ACCOUNTANTS LLP 1865. Rajdanga Main Road.

SK AGRAWAL AND co a Suite Nos. 616-008, The Chanibers Chartered Accountants + Kolkata- 700107 - : : ; she Phi 033-40089902/9903-9904 Firm Registration No. 306033E/E300272 Fax :033-dQ00R0905 Website: wou skagrawal.co.tn

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence. and where applicable, related safeguards.

We also performed procedures in accordance with the circular issued by the SEBL under Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable.

The standalone financial results include the results for the quarter ended 31" March 2021 and 31st March 2020 being the balancing figures beiween the audited figures in respect of the full financial years and the published/recasted unaudited year to date figures up to the third quarter of the current and previous financial year which were subject to limited review by us.

For S K AGRAWAL AND CO CHARTERED ACCOUNTANTS LLP
Chartered Accountants		'	;	,		mt
Firm Registration No. — 306033E/E300272'				'	De
HEMANT KUMAR oigitally signed by HemantLAKHOTIA	KUMAR LAKHOTIADate: 2021.06.15 15:09:24 +05°30°					,
Hemant Kumar Lakhotia
Partner,
Membership No 068851
UDIN: 21068851 AAAAFQ9029
Place: Kolkata
Date: 15 June, 2021

CHARTERED ACCOUNTANTS LLP Kolkat: alkata- 700107

SK AGRAWAL AND CO Suite Nos. - 606-608, The Chanibers 1865, Rajdanga Main Road. Chartered Accountants Ph: 033- 10088902-9903 9904Firm Registration No. 306033/E300272 ae-02 4 AOROGNS Website: www skagrawal.co.in

Independent Auditors Report on the Quarterly and Year to Date Audited Consolidated Financial Results of the Company pursuant to the regulation 33 of the SEB! (Listing Obligations and Disclosure Requirements) Regulation, 2015, as amended ,

To Board of Directors of Manaksia Limited

Report on the Audit of Consolidated Financial Results

Opinion

We have audited the accompanying consotidated financial results of Manaksia Limited (hereinatier referred to as the 'Holding Company"). its subsidiary (the Holding Company and its subsidiary together referred to as "the Group") for the year ended 31st March. 2021 atlached herewith. being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. 2015. as amended ('Listing Regulations').

In our opinion and to the best of our information and according to the explanations given to us these consolidated financial statements:

i. includes the financial results of the following entities

Subsidiaries:

• a. MINE Limited (Incorporated outside India)
• b. Dynatech Industries Ghana Limited (Incorporated outside India}
• ¢. Manaksia Overseas Limited
• d. Manaksia Ferro Industries Limited" '

Step-down Subsidiaries:

• a. Mark Steels Limited _
• b. Jebba Paper Mills Limited (Incorporated outside India} i
• ii. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
• lil. give a true and fair view in conformity with the applicable accounting standards. and other accounting principles generally accepted in India. of net profit and other comprehensive income and other financial information of the group for the year ended 31st March, 2021.

T

CHARTERED ACCOUNTANTS LLP 1865, Rajdanga Main Road,

SK AGRAWAL AND CO Suite Nos. 606-608. The Chambers Chartered Accountants Kolkata- 70010 macy Ph: 033-40089902-°9903 9904 Firm Registration No. 306033 £/E300272 Hoan aootoeoe Website: www skagrawal.co in

Basis for Opinion i

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013 ("Act"). Our responsibilities under those Standards are further described in the Auditor's Responsibilitifor es the Audit of the Consolidated Financia! Results section of our report. We are independent of the group in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant lo 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 responsibililics in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our opinion.

; : :

Emphasis of Matter

We draw attention to Note H to the consolidated financial results, which describes the uncertainties and potential impact of the Covid-19 pandemic on the Group's operations and results as assessed by the management. The actual results may differ from such estimates depending upon future developments. Our opinion is not modified in respect of this matter. ~ .t

Board of Directors' Responsibilities for the Consolidated Financial Results

These Consolidated financial results have been prepared based on 'the consolidated aniual financial slatements. The Holding Company's Board of Directors are responsible for the preparation and presentation of these consolidated financial results that give a true and fair view of the net profit and other comprehensive income and other financial inforniation of the group in accordance-with the Indian Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The respective Board of Directors of the companies included in the group are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the group and for preventing and detecting [rauds and other irregularities; selection and application of appropriate 'accounting policies: making judgments and estimates that are reasonable and prudent: and the 'design. implementation and maintenance of adequate internal financial controls. that were operating effectively for ensuring accuracy and completeness of the accounting records. relevant to the preparation and presentation of the consolidated financial results that give a true and fair view and are free from material missiatement. whether due to fraud or error.

CHARTERED ACCOUNTANTS LLP 1805, Rajdangs Main Rave.

Firm Registration No. 306033E/E300272 bay-O3 710089405

SK AGRAWAL AND CO Suite Nos. + 606-608. The Chambers Chartered Accountants Kolkata. 700107 : . : = pp: Ph: 033-40089902/9903. 990 Website wwe skagrawal co in

In preparing the consolidated financial results, the respective Board of Directors of the group are responsible for assessing the ability of the group to continue as a going concern. disclosing. as applicable, matters related to going concern and using the going concern basis 'of accounting unless the Board of Directors of the companies included in the group intends 10 liquidate the group or to cease operations, or has no realistic alternative bul to do So.

The Board of Directors of the companies included in the Group are also responsible for overseeing the financial reporting process of the company.

Auditor's Responsibilities for the Audit of the Consolidated Financial Results

Our objectives are to obtain reasonable assurance about whether the consolidated financial results as a whole are free from material misstatement. whether due to fraud or error, and lo issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs 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 economié decisions of users taken on the basis of these consolidated financial results.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: ; 1

• eIdentify and assess the risks of material misstatement of the consolidated financial results. whether due to fraud or error, design and perform audit procedures responsive to those risks. and obtain audit evidence that is sufficient and appropriate to provide a basis lor our opinion. The risk of not detecting a material misstatement resulling from fraud is higher than for ene resulting from error, as fraud' may involve collusion. forgery. intentional ontissious, tisrepresentations, or the override of internal control, to ' ' >, . _ ' \
• ¢ Obtain an understanding of internal contro! relevant to the audit in order to desigh audit procedures that are appropriate inf the circumstances. Under Section !43(3)(i) of the Act. We are also responsible for expressing our opinion on whether the eroup has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls. 1
• « Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disciosures made by the Board of Directors. a '

SK AGRAWAL AND co Suite Nos. 606-008. The Chambers ajdanga Main Road, CHARTERED ACCOUNTANTS LLP 1865, Rajdange Main Rue

Chartered Accountants Ph: 033-40089902/9903/9904 Firm Registration No. 306033E/E300272 Fax:033-40089905 Website: www skagrawal.co in

• * Conclude on the appropriateness of the Board of Directors" usc of the going coneern basis of accounting and, based on the audit evidence obtained. whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the group to continue as a going concern. If we conclude that a material uncertainty exists. we are required to draw attention in our auditor's report to the related disclosures in the consolidated financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However. future events or conditions may cause the group to cease to continue as 4 going concern.
• ° Evaluate the overall presentation, structure and content of the consolidated financial results of the entities within the group of which we are the independent auditors to express an opinion on the statement, including the disclosures, and whether the consolidated financial results represent the underlying transactions and events in a manner (hat achieves fair presentation.

We communicate with those charged with governance of the Holding Company and such other entities of which we are the independent auditors, among other matters. the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. . . L

We also provide those charged with governance of the Holding Company and such other entities of which we are the independent auditors with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on-our independence. and where applicable. related safeguards.

We also performed procedures in accordaiice with the circular issued by the SEBI under Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable. :

too t '

Other Matter

i. The consolidated Financial Results include the audited Financia! Results of2 subsidiaries and 1step down subsidiary,' whose financial statements/financial results/financial information reflect total assets of Rs.1.05,950.45 lakhs as at 31 March 2021. total revenue of Rs.71.293.28 lakhs, total net profit/(loss) afier tax of Rs,6.956.32 lakhs and total comprehensive income/(loss) of Rs.6,553.25 lakhs for the year ended on that date. as considered in the consolidated financial results, which have been audited! by their respective independent auditors This financial statements / financial information have been audited by other auditor whose reports have been furnished to us by the Board of Directors and our opinion on the consolidated Financial Results. in so far as it relates to the amounts and disclosures included in respect of the subsidiary. is

: 865, Rajdanga Ma ad, CHARTERED ACCOUNTANTS LLP 1865, Raidanga Main oy

Firm Registration No. 306033F/E300272 7

SK AGRAWAL AND co . Suite Nos. ~ 606-608. The Chambers Chartered Accountants "ph: 933-40089902/9903/9904 Fan :033-40089905 Website. was w skhagrawal.cu 1

based solely on'the audit report of other auditor and the procedures performed by us are as stated in paragraph above. ,

The aforesaid subsidiaries/step down subsidiaries are located outside India whose financial results/financial statements and other financial information have been prepared in accordance with the accounting principles generally accepted in their respective countries and which have been audited by other auditors under generally accepted auditing standards applicable in their respective countries. The Holding Company's management has converted the financial results / financial statements of such subsidiaries located outside India from accounting principles generally accepted in their respective countries to accounting principles generally accepted in India. We have audited these conversion adjustments made by the Holding Company's management. Our opinion in so far as it relates to the balances and affairs of such subsidiaries located outside India is based on the report of other auditors and the conversion adjusiments prepared by the management of the Holding Company and audited by us.

Our opinion to the consolidated Financial Results is not modified in respect of the above matters with respect to our reliance on the work done and reports of the other auditors and the Financial Results/ Financial. Information certified by the Board of Directors. ; |

ii. The consolidated financial results include the results for the quarter ended 31" March 2021 and 31st March 2020 being the balancing figures between the audited figures 1h respect of the full financial years and the published/recasted unaudited year 16 date figures' up to the third quarter of the current and previous financial year which were subject fo limited review by us.

ForS K AGRAWAL AND co CHARTERED ACCOUNTANTS LLP
Chartered Accountants
Firm Registration No. — 306033E/E300272 °
HEMANT KUMAR Dightally signed by MEMANT KUMAR LARHOTIA
LAKHOTIA	Pate: 2021.06 15 15:10:00 +0530"
Hemant Kumar Lakhotia		ot	a		0	a
,Partner	'
Membership No 068851 -
UDIN: 21068851 AAAAFP2960
Place: Kolkata			c	a	,	OT,	i
Date: 15" June, 2021			:

MANAKSIA LIMITED

STATEMENT OF AUDITED FINANCIAL REGULTS FOR THE QUARTER AND YEAR ENDED 318T MARCH 2021

					MANAKSIA LIMITEDCorporate Identity Number: L74950WB1984PLC038336Registered office : 6 Lyons Rangs, Mezzanine Floor, North West Corner, Kolkata - 700001E-mail: info@ma aksia.com, Website: www.madaksia.comPhone: +91-23-2231 0050 Pax: +91-33-2230 0336STATEMENT OF AUDITED FINANCIAL REGULTS FOR THE QUARTER AND YEAR ENDED 318T MARCH 2021«	'				(Rs. in Lacs)
	QUARTER ENDED	Standalone		YEAR ENDED	-:		QUARTER ENDED	Cousolidated		YEAR ENDED
31st March	Denne:		3ist March 31st March Slst March2021	2020	Particulars	Slat March2021	Denes2020	Bist March2020	2021	Slst March 3ist March2020
2021AuditedRefer Note fe}	2020Unandited	2020AuditedRefer Note te}	Andited	Audited	*	AuditedRefer Note (e}	Unandited	AuditedRefer Note {c)	Audited	Audited
619.23	1,150.53	1,280.45	2,674.24		1, Revenue3,631.45 [{a} Revenue from Operntions(b} Other Income	23,380.48	21,718.82	22,644.51	86,103.83	65,608.95
2,651.7277.70	-83.33	>30.46	2,651.72313,61	7,117.64345,40	G) Dividend Income from Subsidiaryii) Miscellaneous Income	-943.01	991.00	862.19	-3,264.45	-6,322.20
3,348.65	1,233.86	1,310.91	5,639.57		11,094.49 [Total Revenue2, Expenses	24,323.49	22,619.82	23,506.70	89,368.28	91,931.15
75.76$28.00	-1,112.28	-1,202.74	78,762,512.22	+	[{s) Cost of materials consumed (including traded goods)3,477.52 (b) Purchase of Stock in Trade{c} Changes in inventorics of finished goods, work-in-progress	16,115.261,320.38	15,264.70631.61	18,218.34888.86	56,944.612,512.22	56,540.543,072.09
115.66	92.55	0.63109.35"	0.77392.11		10.04 find stock-in-trnde446.52 {d) Employee benefits expense	(1,068.52}1,047.81	8,837.74)1,141.82	(139.69)1,126.61	(929.33)4,255.73	2,068.134,519.86
1.537.661,495.20	1,658.4575.56	6.3413.92192.36	11.1832.901,828.56		7.80 (e} Finance Casts37.49 i) Depreciation and amortisation expense541.24 (p) Other expenses:'	161.09G7 4.234,393.05	145.97830.363,325.16	134.60945.5983,365.31	$89.033,170.2913,218.91	599,914,177.8212,188.08
2,223.81	1,290.49	1,527.34	4,853.50		4,520.61 [Total Expenses	22,643.30	19,571.90	21,540.01	79,761.46	$3,166.43
1,124.84:	(36.63)70	{216.43)	' 786.07		6,573.88}3. Profit/(Lozs) from ordinary activities before tax (1-2}4, Tax expense	1,680.19	3,047.92	1,966.69)	9,606.32	8,764.72
140.00* (5.48)225.24	-5.83	10.000.38	140.006.19225.24	1,280.0015.87	(3) Current Tax(b) Deferred Tax(c} Short/ (Excess) Provision for Taxation for Earlier Years	1,082.56(5.82}224.50	387.1557.01-	420,32(143.92)0.16	2,863.6137.38224.50	2,773.40* (117.81)4.40
765.08	(62.51)	(226.81)	420.64		5,278.01 5. Net Profit/{Loss] for the period (3-4)6, Other Comprehensive Income (After Tnx}	378.95	2,603.76	1,690,123	6,461.33	6,104.73
i	-	4.	+		6.1 (i) Items that will not be reclassified subsequently toprofit or loss{a) Remeasurement Gains/ (Loss) on Post	'	-	y	-	B
0730.05	0.05	(4.43)(0.30)	0.730.17	(4.43)(0.16)	Employment Defined Benefit Plans{b) Gains / (Losses) from Investments in EquityInstruments designated at FVTOCI	(1.03){32.85}	4.99	(8.86)(10.90)	{1.03}(23.45)	(9.86)(26.16)
(0.20)	(0.02)	1.83:	(0.26)	1.80	(ii) Tax on [tems that will not be reclassifieduently to Profit and Losssu	3.08	{0.02)	3.19	3.02	6.53
					6.2 Items that will be reclassified subsequently te profit orloss
-768.66	:(62.48)	:(229.71)	421,28	-	(a) Foreign Currency Translation Reserve3,275.22 7. Total Comprehensive Income for the period (5+6)	365.23713.38	{878.10}1,730.63	(11,280.32)(9,607.76)	(6,235.16)204.71	(8,322.95)42,245.71)
-	::	-	7	-	8. Of the Total Comprehensive Income above,{a} Profit for the year attributable to :(i) Owners of the parent	270.97	2,353.12	1,590.40	5,963.68	5,866.46
--	--	--	--	--	Gi) Non-centrolling interests{b) Total compr: hensive income attributable to ;(i) Owners of the parent	107.98605.80	250.641,479.99	149.73(9,758.71)	497.65(292.54)	244.27(2,491.20)
=	:	=	>	:	(ii) Non-cont: zing interests	107.58	250.64	150.95	497.25	245.49
1310.68-	1310.68-	1310.68-	1310.6810112.22		1310.68 , Paid-up Equity Share Capital Pace Value per share : Rs.2/-9690.99/10, Other Equity as per Balance Sheet11, Earnings per share (of Re 2/- each} (Not annualised)	1310.68-	1310.68-	1310.68	1310.6894303.36	1310.6894595.96

Manaksia Limited Audited Segmentwise Revenue, Results, Assets and Liabilities For the Quarter and Year ended 31st March 2021

					Manaksia Limited
		Standalone			Audited Segmentwise Revenue, Results, Assets and LiabilitiesFor the Quarter and Year ended 31st March 2021			Consolidated		(Rs. in Lacs}
2021	QUARTER ENDEDDen uber2020	2020	@1st Mazch 31st March 31st March2021	YEAR ENDED2020	Particulars	31st March2021	QUARTER ENDEDDeco sher2020	2020	2021	YEAR ENDED3ist March -31st March 31st March2020
617.13	Unaudited1150.53	AuditedRefer Note (c}1273.81	Audited2,671.96	Audited	Segment Revenue (Net of Taxes}3,493.24 a) Metal Products	AuditedRefer Note (c}20765.85	Unaudited18282.31	AuditedRefer Note (cj19995.66	Audited73586.91	Audited74,284.20
-2.10619.23	--1150.53	-6.641280.45	-2,282674.24	-3631.45	b) Packaging Products138.21 c) OthersTotal	2612.532.10	3436.51-23380.48 21718.82 22644.51/	2642.216.64	12514.642.2386103.83	11,307.0917.66$5608.95
AuditedRefer Note (c):619.23	1150.53	-1280.48	-2674.24	-3631.45	Less : Inter Segment Revenue __Net Segment RevenueSegment ResultsSegment Results (Profit(+}/Loss(-)before Interest & Tax) :	-	-23380.48 '21718.82	-	-22644.51 86103.83	-85608.95
3.80-	31.76-	92.56-	59.14-	-	108.46 a) Metal Productsb) Packaging Products	2036.36471.65	2051.34486.51(0.06)	1354.73190.36(26.06)	7204.461991.90(0.74)	3,241.85897.82(34.43}
(0.03)5.7757.45	(0.06)31.7063.69	(26.06)66.50(1.60)	(0.74)53.40234.84	181.16	(5.43) c) Others103.03 TotalAdd: Interest Income	(0.03)2507.98427.16	2537.79404.35	1519.03879,90	9195.622161.91	4105.246069.96
1.5361.69(2651.72)	1.6593.74 -	6.3458.56-	11,18282.06(2651.72)	7.80 276.39(7117.64}	Less : Interest ExpensesDividend Income from SubsidiaryCompany	161.092774.05-	195.972746.17-	134.602264.33-	589.0310768.50-	599.919575.29-	i
1588.87	150.37	274.99	2147.71	g20.15	bess: Other un-allocable expenditurei:net of un-allocable (income)	1093.86	(301.75)	297.64	1161.68	:810.57	i
1124.84	(56.63)	(216.43)	786.07	6573.88	Total Profit / (Loss) before Tax	1680.19	3047.92	1966.69	9606.82	8764.72
542.42-	924,28-	399.15:	542.42-	-	Segment Assets399.15 Ja} Metal Products b) Packaging Products	48,090.27 7,112.02	58,078.55]6,802.93	75,036.138,570.70	48090277112.02	75,036.138,570.70
5.8311,059.18]	5.8610,372.54]	10.4810,735.00]	5.8311059.18	10,738.00	10.48 c} Othersdsores moeable and "!	5.83Projects 61 634.95]	5.8648,923.74	10.4829,177.60]	5.8361684.95	10.4829,177.60
11607.43	_11302.68	11144.63 [	11607.43	11144.63 Total			116893.07 113811.08 [ 112794.91		116893.07[	112794.91\
Bist March2.50	500.02	2.53	2.50		Segment Liabilities2.53 a) Metal Products	15,808.25	13,773.35]	12,414.12	15808.25	12,414.12
-0.10181.93	-0.10145,27	-0.10140.38	-0.10181.93	-'140.38	b) Packaging Products0,10 c) OthersInvestments,Unallocable and Projects	3,098.930.10182.22	2,810.800.10145.45	2,638.850.10140.56	3098.930.10182.22	2,638.850.10140.56

MANAKSIA LIMITED

Registered office ; 6 Lyons Range, Mezzanine Floor, North West "orner Kolkata - 700001 Statement of Assets and liabilities

		MANAKSIA LIMITEDRegistered office ; 6 Lyons Range, Mezzanine Floor, North West "orner	Kolkata - 700001
		Statement of Assets and liabilities		(Rs. in Lacs)
Standalone			Consolidated
As at 31stMarch 2021 March 2020	Asat31st	Particulars	As at 31stMarch 2021 March 2020	Asat31st
Audited	Audited	Assets	Audited	Audited
174.88	195.07	Non Current Assets(a) Property, Plant and Equipment	16,448.19	19,951.10
3.25	5.52]	(b) Capital Work in Progress(c) Other Intangible Assets	299.273.25	361.055.52
34,27	43.62	(d) Right of Use Assets	890.87	978.92
3,670.21	3,670.04	(e} Financial Assets(i) Investments	120.75	71.40
38.02585.08	37.64	(ii) Loans(iii) Other Financial Assets	38.10595.50	37.729.27
-	--	(f) Other Non-Current Assets	3,991.58	6,687.31
25.23 4,530.94	25.68]-3,977.57	(g) Deferred Tax Assets (Net)	-22,387.51	-28,102.29
60.63]	0.77	Current Assets(a) Inventories	12,936.44	15,918.39
	-	(b) Financial Assets:
271.46426.80	151,00415.37	(i) Investments(ii) Trade Receivables	$8,191.705,852.89	23,765.167,084.42
219.05755.38	1,089.51543.96	(iii) Cash and Cash Equivalents(iv) Other Bank balances	11,186.15819.89	15,959.49726.24
1,588.72	3,556.84	(v) Loans	1,600.64	4,824.96
* 3,134.65273.35	344:56288.67	(vi) Other Financial Assets(c) Other Current Assets	494.693,423.16	380.5616,033.40
346.45- 7,076.49	776.38 7,167.06	(d) Current Tax Assets (Net)	-94,505.56	-84,692.62
11,607.43_	11,144.63	TOTAL	1,16,893.07	1,12,794.91
		Equity and LiabilttiesEquity
1,310.6810,112.22	1,310.68]9,690.94]	{a} Equity Share Capital(b) Other Equity—	1,310.68»94,303.36	1,310.6894,595.90
11,422.90	11,001.62	Non Controlling Interest	95,614.042,189.53	95,906.581,694.70
-:11,422.90,	-11,001.62		97,803.57	97,601.28
		LiabilitiesNon Current Liabilities
-	-	(a) Financial Liabilities(i) Borrowings	6.53	14.60
26.5726.99	33.3725.27	(ii) Lease Liabilites(b) Provisions	26.57213.88	33.37163.55
-	:	(c) Deferred Tax Liabilities (Net)	4,005.12	4,532.01
53.56	58.64	:Current Liabilities	4,252.10	4,743.53
-	-	(a) Financial Liabilities(i) Borrowings	5,175.88	1,293.79
-18.88	11.94	(ii) Trade Payables	5,929.46	7,496.97
10.9265.99	10.9242.86	(iii) Leasc Liabilities(iv) Other Financial Liabilities	10.92702.47	10.92540.37
13.92 21,26	12.63 6.02	(b) Other Current Liabilities{c) Provisions	1,002.0921.26	513.416.02
	+84.37	(d) Current Tax Liabilities (Net)	1,995.3214,837.40	588.6210,450.10
-
130.9711,607.43	11,144.63	TOTAL		1,16,893.07 ) 1,12,794.91

fMANAKSIA LIMITED

Statement of Standalone Cash Flows for the yeds tiniest March 31, 2025

f
MANAKSIA LIMITEDStatement of Standalone Cash Flows for the yeds tiniest March 31, 2025
		Amount in Rs, Lacs
PARTICULARS	For theyear ended March 31,2021.	For theyear ended Marek 31,2000
/: CASH FLOW FROM OPERATING ACTIVITIES:	Audited	Audited
Net Profit before Tax :
Adjustment for:Depreciation/ Amortisation Expenses .	786.07	6,573.88
Finance Cost	32.9011.18	37.49
Interest IncomeLoss/(Gain)on Property, Plant and Equipment sold (Net)	(234.84)	7.80(181.16)
Dividend Income/Received from SubsidiaryNet Gainon Fair Valuation of Mutual Fund Units	(0.69)(2,651.72)	-(7,117.64)
Net Gain on Sale/Redemption of Mutual Fund Units	(0.36)(3.40)	(0.60)(98.36)
Bad Debt WrittenoffOperating Profit/(Loss) before Working Capital Changes	1,398.92	41.00
Adjustments for:(increase)	(661.94)	(737.59):
/ Decrease in Non-Current/Current Financial and other Assets(Increase) / Decreasein Inventories	3.90(59.86)	2,548.83 9.41
Increase/ (Decrease)in Non-Current/ Current Financial and Other LiabilitesCashGenerated from Operations	40.63	(1,576.04)
Direct TaxesPaid	(677.27)64.69	244.61(1,298.09)
Net Cash Flow from Operating Activities	(612.58)	(1,053.48)
: CASH FLOW FROM INVESTING ACTIVITIES:Purchase of PPE and change in Capital work in progress
Sale of PPENet Sales proceeds / (Purchase)	(1.29)0.89	(20.24)-
of Current InvestmentsInvestment in FixedDeposit under lien(Increase) / Decrease	(116.70)(788.08)	177.03(181.63)
in Current and Non Current Loan GivenInterest Received	569.2096.08	877,72
Dividend Income/ Received from Subsidiaries	-	122.627,117.64
Net Cash Flow from Investing Activities	{239.90)	8,093.15
: }CASH_ FLOW FROM FINANCING ACTIVITIES:
Dividend paidRepaymentof Principal portion of lease liabilities	-	(6,881.08)
Repayment of Interest portion of lease liabilitiesInterestPaid:	(6.80)(4.12)	(6.15)(4.77)
Net Cash Flow from Financing Activities	(7.06)	(3.03)
	(17.98)	(6,895.03)
: Net Increase/(Decrease) in Cash and Cash Equivalents	(870.46)	144.64
Cash and Cash Equivalents at the beginning of the periodCash and Cash Equivalents at the end of the period	1,089.51	944,87

Place : Kolkata

Dated : 15 June 2021.

MANAKSIA LIMITED ae . S tatement of Consolidated Cash Flow for the Year Ended March 31, 2021 Amount in Rs. Lacs

aeMANAKSIA LIMITEDtatement of Consolidated Cash Flow for the Year Ended March 31, 2021		Amount in Rs. Lacs
	For the yearended	For the yearended
PARTICULARS	March 31,2021 March 31, 2020
;A: /CASH FLOW FROM OPERATING ACTIVITIES:	Audited	Audited
Net Profit before Tax :	9,606.82	8,764.72
Adjustment for:Depreciation/ Amortisation Expenses	3,170.29	4,177.82
Provision for Doubtful DebtBad Debts	(8.41)1,403.05	147.6223.70
Finance Cost	589.03(2,161.91)	599.91(6,069.96)
:Interest IncomeLoss/ (Gain) on Property, Plant and Equipment sold (Net)	(0.69)(10.81)	(0.56)(0.16)
(Gain)/ Loss from Non-Current Investments(Gain)/Loss from Current Investments	(990.20)	(109,05)
Operating Profit before Working Capital ChangesAdjustments for:	11,597.17	7,534.03
(Increase)/ Decrease in Non-Current/ Current Financial and other Assets(Increase) / Decrease in Inventories	15,864.552,981.95	(7,684.17)1,952.59
Increase / (Decrease) in Non-Current/ Current Financial and Other	(875.64)29,568.03	(2,534.17)(731.72)
Cash Generated from Operations:Direct Taxes Paid	(1,681.41)	(2,995.27)
Net Cash Flow from Operating Activities	27,886.62	(3,726.99)
B:/ CASH FLOW FROM INVESTING ACTIVITIES:
Purchase of Property, Plant and Equipment and change in Capital work in progress	(636.01)1.50	(263.69)6.90
Sale of Property, Plant and EquipmentSale proceeds/ (Purchase) of Non-Current Investments (Net)	(38.54)(33,436.34)	43.8417,709.43
Sale proceeds/ (Purchase) of Current Investments (Net)(Increase) / Decrease in Current and Non Current Loan Given	1,820.892,046.85	823.976,004.88
Interest ReceivedNet Cash Flow from/(Used in) Investing Activities	(30,241.65)	24,325.33
Cc: / CASH FLOW_FROM 'FINANCING ACTIVITIES:
Dividend Paid	-3,874.02	(6,881.08)(2,231.18)
(Repayment of )/ Proceeds from Borrowings (Net)lease liabilitiesRepayment of principal portioof n	(6.80)	(6.15)
Repayment of Interest portion of lease liabilitiesInterest Paid	(4.12)(584.91)	(4.77)(595.14)
Net Cash Flow From/(Used in } Financing Activities	3,278.19	(9,718.32)
D: Change in Currency Fluctuation 'Alc arising on consolidation	(5,696.50)	(6,551.01)
-E:]Net Increase/(Decrease) in Cash and Cash Equivalents	(4,773.34)	4,329.01
Cash and Cash Equivalents at the beginning of the period	15,959.49	11,630.48
1Cash and Cash Equivalents at the end of the period	11,186.15	415,959.49

Place Dated : : Kolkata 15 June 2021.

- Notes:

ia) The above financiel results of the Company for the quarter and year ended 31st March, 2021 have been reviewed aid recommended by the audit Comuittes and apprdved 4 the Board of Directors of the Company in their respective 1ueetings held on 15th June, 202i. The Statiroiy Auditors of the Company have carried out. Audit of these results and the results are being published in accordance with ¥ Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015..

{b) The above financial results of the Company: have -been prepared in accordance with Indian Accounting Standards (Ind AS) notified under the Companies (Indian Accounting Standards) Rules, 2015 as amended by the Companies (Indian Accounting Standards) jAméndinent).Rules: 2016.5 6° +. , . ' oo

(c) The figures of the last quarter are the balancing figures 'between audited figures in respect of the full financial year up to March 31, 2021 / March 31, 2020 and the-unaudited published year-to-date figures up to December | 31, 2020 / December 31, 2019, being the date of the end of the third quarter of the financial year which were "subject to limited review.'

(ad) The Board of Directors of the Company has recommended Dividend of Rs.3/- (150%) for the financial year ended 3ist March 2021. : :

{e) During the Year ended 3ist March 2021, Nigeria's Currency has: devaiued leading to considerable foreign exchange translation loss on. reinstatement cf Nigerian Subsidiaries Accounts in consolidated financial statement. .

(f) Comparative figures have been rearrangd / regrouped wherever necessary.

(g) The above financial results of the Company for the. Quarter and Year ended 31st March, 2021 are available at the Company's website www.manaksia.com and websites of all Stock Exchanges, where the Equity shares of the Company are listed. oe

(h) The first half of the Financial Year 2020-21 was a challenging period with the uncertainties and complexities brought on by the COVID -19 pandemic. The World Economy and steel demand.has been improving since 'then with accommodative policies, government spendihg-and relaxation .1n. mobility restrictions. 'The Group has assessed the possible impact of COVID-19 on its financial statements based on the internal and external information available up to the date of approval of-these financial results and concluded no .adjustment is: required in these results. The Group continues to monitor the future economic conditions.

Manaksia Limited

Gpoon

Suresh Kumar Agrawal ( Managing Director ) DIN - 00520769

Corporate Identity Number : L74950WB1984PLC038336

'Es ' Registered Office I 'Turner Morrison Building' 6 Lyons Range, i i + Kolkata - 700001, INDIA Limited , Phone ; +91 33 2231 0055 E-mail : info@manaksia.com Website : www.manaksia.com

Annexure -B

Sec/Share/012/FY 21-22 . : Date: 15.06.2021

The Secretary The Manager P} Tower, Dalal Street, - Bandra East, Mumbai- 400001 Mumbai- 400051 SCRIP CODE: 532932 + |. - SYMBOL: MANAKSIA

BSE Limited National Stock Exchange of India Limited New Trading Wing, Exchange Plaza, C-1, Block "G" Rotunda Building, 5' floor, Bandra Kurla Complex,

Dear Sir/Madam,

Sub: Declaration in respect of Audit Report with unmodified opinion for the Annual Audited Financia! Results for the Financial Year ended 31° March 2021

In compliance with Regulation 33(3)(d) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. CIR/CFD/CMD/S56/2016 dated 27" May, 2016, we hereby declare that the Statutory Auditors of the Company S K AGRAWAL AND CO CHARTERED ACCOUNTANTS LLP (Firm Registration No E300272), have issued Audit Report with unmodified opinion on the Audited Standalone and Consolidated Financial Results of the Company for the Year ended 31°° March 2021.

Kindly take the same on records.

Thanking You,

Yours Faithfully,

For Manaksia Limited Svat

Suresh Kumar Agrawal . Managing Director DIN: 00520769

		Annexure-C
		BRIEF PROFILE OF M/S. AGRAWAL TONDON & CO. (FRN: 329088E), INTERNAL AUDITORS
S. No.	ParticularsNameInternaltheof	DisclosureM/S. AGRAWAL TONDON & CO. (FRN: 329088E)
	Auditor
	Reason for change	Re- appointment as Internal Auditor of the Company for thefinancial year 2021-22.
	Datetermandofappointment	M/s Agrawal Tondon & Co (FRN: 329088E) is re-appointed asInternal Auditor of the Company at the Board Meeting of theCompany held on 15" June, 2021 to conduct internal audit of the Company for the financial year 2021-22 remuneration as decided by the Board of Directors and M/s Agrawal Tondon & Co, mutually.1
	Brief Profile	AgrawalM/s.Partner ofKeyTondon,RadhakrishnanMr.Tondon & Co. is a Fellow member of Institute of Chartered
		qualificationposthaving(ICAI),IndiaofAccountantsexperience of 21 years. He was erstwhile associated with oneof the top 10 CA firms of Kolkata for 15 years. He is also an and AdvisorVATGST&IND-AS},Expert(incl.Assurance
		Holding Certificate of Valuation {shares} course from ICAI.They are specialised in the field of accounting & assurance,andriskconsultancyimplementation,&GSTdirecttax
		advisory viz. corporate restructuring, corporate law, internalaudit, risk assessment, operational audit, valuations, MIS &internal control system.

Annexure-D

BRIEF PROFILE OF M/S. VINOD KOTHARI & COMPANY, SECRETARIAL AUDITOR:

		Annexure-D
		BRIEF PROFILE OF M/S. VINOD KOTHARI & COMPANY, SECRETARIAL AUDITOR:
S. No.	Particulars	eeDisclosure
1.	Auditor	Name of the Secretarial M/S. VINOD KOTHARI & COMPANY
2.	Reason for change	Re-Appointment as Secretarial Auditor of the Company forthe financial year 2021-22.
3.	termDateandappointment	of M/s. Vinod Kothari & Company is re-Appointed as SecretarialtheMeetingofBoardtheCompanyattheAuditorofCompany held on 15'" June, 2021 to conduct secretarial auditsuch2021-22atyearfinancialCompanyfortheoftheremuneration as decided by the Board of Directors and M/s Vinod Kothari & Company, mutually.
4.	Brief Profile	~ Enclosed

VINOD KOTHARI & COMPANY

Fractiing Cannpam Seer r 403— 406, Shreyas Chambers, 175, Or. DN. Rand, Bart. Mtumibal - d00 Ob, tain Phove: 022 — 2268 W021 {G22 -— 6237 O9T9 Emaik corphiw@ioedkothartcors Web: ww vinadketharicoan Unique Code - PIS96WBOFTICU ' PAN Ro AAMFY 627268 GSTUIN Na. - 1S AAMEMETZOL LAR Uniyog Andbaar Number = WRIIDANNAES

Prafile of M/s Vinod Kothari and Company '

Vinod Kothari & Company (the 'Firin'") was established as a proprictary concern in the year 1988, and converted itself into a partnership finn im April 2015, retaining its name and several of its experienced and able colleagues as partners. The Firm is in business for over 30 years now. Over these 30 years, the Firm kas rendered services as Practicing Company Secretaries and advisory services in diverse fields including corporate laws, financial services, insolvency resolution, SARFAES law, accounting for financial services, and the like, The Firm excels in intclicctual capiial, os is evident from the very strong professional and academic knowledge base, expertise in diverse areas, and ability to bridge knowledge on 4 essential pillars of corporate advice: law, taxalion, accounting and finance.

Our Unique Strengths

Our Firin has a very strong presence in tanking and non-banking finascial services, which disuugnishts ws in the field of corporate laws. We claim to have substantial depth in banking and non-baching financial services, with most of the leading non-banking financial services companies being oer clients over the years. We are advisers to some insurance companies as weil,

We have very strone intellectual resources. Mr. Vinod Kothari is internationaily recognized as an author, trainer and consultant on corporate laws, as well as specialized financial subjects, viz., housing finance, securitisation, credit derivatives, accounting for financial instruments, cic. He has written numerous bouks on specialized financial subjects and corporate laws, Our other partners/ affiliates are aiso well established authors. :

Diversified fields of work

Our Finn has been dealing with corporale laws and related practice arcas like matters related (a inergers, corporatc restructuring, non-banking financial companies, joint veatures, corporare law Advisory Services, FEMA and matters pertaining to forcign direct investment and external commercial bormowimys, Siructuing complex capital market and financial instruments such as senior secured bonds, covered bonds, subordinated bonds, bonds carrying share warrants, Additional Tier 1A bonds, perpetual bonds, ete, compliance related io SEBL matters, Insider Trading laws and implementation of codes on insider' trading, setting up compliance systems for various general and special laws, listing campliances, financial instruments such as debentures, wartanis, exotic and hybrid financial instruments, etc. '

In addition, owr Firm also supports judicial and quasi-judicial proceedings such as mergers, restructurings, oppression and mismanagement, corporate disputes, winding np, etc

Katkata: 1006 — 1009, Krishna Building, 224, AJ.C. Bose oud, Kolkata - HOU G17 Phon— eO3 52281 7715: 4133 2281 ¥42, 033 anor ars? Deihi: A ~ 467, First Kloov, Defence Colony, New Delhi - 110 024, Phoun 01) 4b3l S366