MANAKSIA LIMITED — Regulatory Filings 2021

Aug 11, 2021

Dear Sir/Madam,

Sub: Outcome of Board Meeting held on 11th August, 2021

Li : 'Turner Morrison Building' 6 Lyons Range, j mited Mezzanine Floor, North-west Corner Kolkata - 700001, INDIA Phone ; +91 33 2231 0055 E-mail : info@manaksia.com Website : www.manaksia.com Sec/Share/021/FY 21-22 Date: 11.08.2021

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

Please note that the Board of Directors of the Company at its meeting held today, which commenced at 04.00 P.M. and concluded at 05:15 P.M, has inter alia transacted the following business(es):

• (a) Approved the Un-audited Financial Results (both Standalone and Consolidated) for the quarter ended 30" June, 2021. A copy of the Un-audited Financial Results (both Standalone and Consolidated) of the Company along with the Limited Review Report for the quarter ended 30" June, 2021 is enclosed.
• (b) Approved the notice of 37th Annual General Meeting (AGM) of the members of Manaksia Limited that will be held on Tuesday, 21st September, 2021 at 12.30 P.M. through Video Conferencing / Other Audio Visual Means.
• (c) Approved Tuesday, the 14th September, 2021 as the Cut-off date to record the names of shareholders entitled to vote vide remote e-voting facility/electric voting during the AGM.
• (d) Approved that the Register of Members & Share Transfer Books of the Company will remain closed from Tuesday, the 14th September, 2021 to Tuesday, the 21° September, 2021 (both days inclusive).
• (e) Fixed Tuesday, the 14th September, 2021, as the "Record Date" for the purpose of determining entitlement of shareholders to Final Dividend for the Financial Year ended 31° March, 2021 on Equity Shares, if approved by the shareholders. The Final Dividend, if approved by the shareholders at the ensuing AGM shall be paid on or before 5" October, 2021 subject to deduction of tax at source (TDS) to all the equity shareholders of the Company whose name appear on the Register of Members of the Company or in the records of depositories as beneficial owners of the shares as of the close of business hours on record date i.e. Tuesday, the 14th September, 2021.

Further please note that the Annual Report for the Financial Year 2020- 21, comprising the Notice of the 37" AGM and the Standalone and Consolidated Financial Statements for the Financial Year 2020-21, along with Board's Report, Auditors' Report and other documents required to be attached thereto, will be sent electronically to all the members of the Company whose e-mail addresses are registered with the Company/Company's Registrar and Share Transfer Agent (RTA)/Depository Participant(s).

The details such as manner of (i) registering / updating e-mail addresses, (ii) casting vote through remote e-voting/ electronic voting during the AGM and (iii) attending the AGM through VC / OAVM has been set out in the Notice of the 37" AGM and will also be provided in the newspaper advertisement relating to the 37" AGM.

This may be treated as compliance with Regulation 30, 42 and other relevant Regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Thanking you, Yours faithfully,

For Manaksiatimited

(Pradip Kumar Kandar) Company Secretary

Encl: As above

^SK AGRAWAL AND CO CHARTERED SUITE NOS : 606-608 OA" ACCOUNTANTS LLP THE CHAMBERS, OPP. GITANJALI STADIUM (FORMERLY S K AGRAWAL AND CO) 1865, RAIDANGA MAIN ROAD, KASBA

CHARTERED ACCOUNTANTS KOLKATA ~ 700 107 Ei aaanes PHONE : 033-4008 9902/9903 /9904 / ⁹⁹⁰⁵ FRN- 306033E/E300272 Website : www.skagrawal.co.in EMAIL : Info@skagrawal.co.in

Independent Auditor's Review Report on standalone unaudited quarterly financial results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

TO THE BOARD OF DIRECTORS OF MANAKSIA LIMITED

• |. We have reviewed the accompanying Statement of Standalone Unaudited Financial Results of Manaksia Limited ("the Company"), for the quarter ended 30" June, 2021, being submitted by the Company pursuant to requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
• 1. This statement is the responsibility of the company's management and approved by the Board of Directors which has been prepared in accordance with the recognition & measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant Rules issued there under and other accounting principles generally accepted in India. Our responsibility is to issue a report on these financial statements based on our review.
• 1. We conducted our review in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
• 1. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement of Unaudited Standalone Financial Results prepared in accordance with applicable Indian Accounting Standards and other recognized accounting practices and policies, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For SK AGRAWAL AND CO CHARTERED ACCOUNTANTS LLP Chartered Accountants Firm Registration No. — 306033E/E300272

emomt hw

Hemant Kumar Lakhotia Partner Membership No 068851 UPIN: 2106885 ARAB H E9332

Place: Kolkata Date: 11" August, 2021

^SK AGRAWAL AND CO CHARTERED SUITE NOS : 606-608 ACCOUNTANTS LLP THE CHAMBERS, OPP. GITANJALI STADIUM (FORMERLY 5 K AGRAWAL AND co) 1865, RAIDANGA MAIN ROAD, KASBA CHARTERED ACCOUNTANTS KOLKATA ~ 700 107 LLPIN ~AAV-2926 PHONE : 033-4008 9902/9903 /9904 / 9905 FRN- 306033E/E300272 Website : www.skagrawal.co.in EMAIL : Info@skagrawal.co.in

Independent Auditor's Review Report on consolidated unaudited quarterly financial results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, ²⁰¹⁵

TO THE BOARD OF DIRECTORS OF MANAKSIA LIMITED

• 1. We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of Manaksia Limited ("the Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group") for the quarter ended 30" June, 2021, being submitted by the Parent pursuant to requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended,
• bo This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
• 1. We conducted our review 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. 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 issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.

• 1. The Statement includes the results of the following entities:
• a) Manaksia Limited
• b) MINL Limited
• c) Dynatech Industries Ghana Limited
• d) Jebba Paper Mills Limited (Step down Subsidiary)
• e) Manaksia Ferro Industries Limited
• f) Manaksia Overseas Limited
• g) Mark Steels Limited (Step down Subsidiary)
• 1. Based on our review conducted and procedures performed as stated in paragraph 3 above nothings 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 Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

Or S K AGRAWAL AND CO CHARTERED SUITE NOS : 606-608

(FORMERLY S K AGRAWAL AND CO) CHARTERED ACCOUNTANTS [Pir AAU KOLKATA ~ 700 ¹⁰⁷

ACCOUNTANTS LLP THE CHAMBERS, OPP. GITANJALI STADIUM 1865, RAJDANGA MAIN ROAD, KASBA FRN- PHONE : 033-4008 9902/9903 /9904 / 9905 306033E/E300272 Website : www.skagrawal.co.in EMAIL : Info@skagrawal.co.in

1. The consolidated unaudited financial results includes the unaudited interim financial results and other financial information, in respect of two (2) subsidiaries, whose unaudited interim financial results include total revenues of Rs. 21,714.33 lakhs, total net profit after tax of Rs. 2,228.68 lakhs, total comprehensive income of Rs. 2,229.47 lakhs, for the quarter ended June 30, 2021, as considered in the Statement which have been reviewed by their respective independent auditors. The independent auditor's reports on interim financial information/ 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 subsidiaries is based solely on the reports of such auditors and procedures performed by us as stated in paragraph 3 above.

The consolidated unaudited financial results includes the unaudited interim financial results and other financial information, in respect of one (1) subsidiary, whose unaudited interim financial results include total revenue of Rs.118.17 lakhs, total net profit/ (loss) after tax of Rs. 5.34 lakhs and total comprehensive income/(loss) of Rs. 5.34 lakhs, for the quarter ended 30" June 2021, as considered in the Statement. The unaudited interim financial information/ financial results and other unaudited financial information of the subsidiary have not been reviewed by any auditor and have been approved and furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the affairs of the subsidiary, is based solely on such unaudited interim financial results and other unaudited financial information. According to the information and explanations given to us by the Management, these interim financial information/financial results are not material to the Group.

The aforesaid subsidiaries are located outside India whose financial results and other financial information have been prepared in accordance with accounting principles generally accepted in their respective countries, The Holding Company's management has converted the financial results of such subsidiaries located outside India from accounting principles generally accepted in their respective countries to accounting principles generally accepted in India. We have reviewed these conversion adjustments made by the Holding Company's management. Our conclusion 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/management certified accounts and the conversion adjustments prepared by the management of the Holding Company and reviewed by us.

Our conclusion on the Statement is not modified in respect of the above matter.

For SK AGRAWAL AND CO CHARTERED ACCOUNTANTS LLP

Chartered Accountants Firm Registration No. — 306033E/E300272 Qtmomt Kar hny

Hemant Kumar Lakhotia Partner Membership No 068851 UIN: DIOESLSTAAAAHGSUOL

Place: Kolkata Date: 11" August, 2021

MANAKSIA LIMITED Corporate Identity Number: L74950WB1984PLC038336 Registered office : 6 Lyons Range, Mezzanine Floor, North West Corner, Kolkata - 700001 E-mail: info@manaksia.com, Website: www.manaksia.com Phone: +91-33-2231 0050 Fax: +91-33-2230 0336 STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE 2021

		Standalone						(Rs. in Lacs)
	QUARTER ENDED		YEAR ENDED				Consolidated	ed
2021	30th June 31st March 2021	2020	30th June 3ist March 2021			QUARTER ENDED 30th June [ 3ist March		YEAR ENDED
Unaudited	(Refer Note Audited	Unaudited	Audited	Particulars	Unaudited 2021	2021	30th June 2020	31st March 2021
	No. 2)					(Refer Note Audited	Unaudited	Audited
1,158.44	619.23	504.28		1. Revenue		No. 2)
-				2,674.24 (a) Revenue from Operations (b) Other Income	27,290.72	23,380.48	17,150.07	86,103.83
85.77	2,651.72 77.70	71.54 -	2,651.72 313.61	(i) Dividend Income from Subsidiary Miscellaneous Income	-	-	-
1,244.21	3,348.65	575.82		5,639.57 Total Revenue	28,469.58 1,178.86	943.01	607.69	3,264.45 *
				2. Expenses		24,323.49	17,757.76	89,368.28
33.73 996.38	75.76	-		75.76 (a) Cost of materials consumed
	528.00	479.94		2,512.22 (b) Purchase of Stock in Trade	18,514.92 996.38	16,115.26	10,709.77	56,944.61
-	-	-	0.77	(c) Changes in inventories of finished goods, work-in-		1,320.38	168.23	2,512.22
94.92	115.66	86.78		392.11 (d) Employee benefits expense Progress and stock-in-trade	(885.44)	(1,068.52)	534.21	(929,33)
0.94 7.08	1.53	1.24		11.18 (e) Finance Costs	1,089.60	1,047.81	977.97	4,255.73
60.65	7.66 1,495.20	8.37		32.90 (f) Depreciation and amortisation expense	193,19 661.26	161.09	86.73	589.03
1,193.70	2,223.81	733.27 156.94		1,828.56 (g) Other expenses. 4,853.50 Total Expenses	3,354.55	674.23 4,393.05	896.46 2,617.48	3,170.29
					23,924.46	22,643.30	15,990.85	13,218.91 79,761.46
50.51	1,124.84	(157.45)		786.07 3. Profit /(Loss) from ordinary activities before tax (1-2)	4,545.12	1,680.19
15.00	140.00	-		4. Tax expense			1,766.91	9,606.82
(2.10)	(5.48)	(0.09)	140.00 0.19	(b) Deferred Tax (a) Current Tax	1,290.83	1,082.56	\$13.12	2,863.61
-	225.24	-	225.24		(42.24)	(5.82)	36.32	57.38
37.61	765.08	(157.36)		(c) Short/(Excess} Provision for Taxation for Earlier Years	-	224.50	-	224.50
				6. Other Comprehensive Income (After Tax) 420.64 5. Net Profit /(Loss) for the period (3-4)	3,296.53	378.95	1,217.47	6,461.33
				6.1 (i) Items that will not be reclassified subsequently to Profit or loss
	One	i	a8	(a) Remeasurement Gains/ (Loss) on Post Employment Defined Benefit Plans			i
025	eae	O°		(b) Gains / (Losses) from Investments in Equity	=	(2.05)		(1.03)
(0.07)	(0.20)	(0.10)	(0.26) myLe	(ii) Tax on Items that will not be reclassified Instruments designated at FVTOCI	1.03	(32.85)	3.49	(23.45)
				subsequently to Profit and Loss	(0.07)	3.08	(0.10)	3.02
				6.2 Items that will be reclassified subsequently to profit or loss
37.79	765.66	(157.21)		421,28 7. Total Comprehensive Income for the period (5+6) (a) Foreign Currency Translation Reserve	(5,384.36)	365.23	785.11	(6,235.16)
				8. Of the Total Comprehensive Income above,	(2,086.87)	713.38	2,095.97	204.71
-	-	-	-	(a) Profit for the year attributable to . (i) Owners of the parent
:	-	-	-	(i) Non-controlling interests	3,056.38	270.97	1,199.86	5,963.68
-	-	-		(b) Total comprehensive income attributable to:	240.15	107.98	17.61	497.65
	-	-	-	(ii) Non-controlling interests (i) Owners of the Parent	(2,327.02)	605.80	1,988.36	(292.54)
1310.68					240.15	107.58	17.61	497.25
	1310.68 4	1310.68	1310.68 aa	Equity Share Capital (Face Value per share :	1310.68	1310.68	1310.68	1310.68
				10112.22 10. Other Equity as per Balance Sheet of the previous accounting year	3		B	94303.36
0.06	1.17,	(0.24)		11, Earnings per share (of Rs 2/- each) (Not annualised) 0.64/ Basic and Diluted
					4.66	0.41	1.83	9.10

Manaksia Limited Unaudited Segmentwise Revenue, Results, Assets and Liabilities For the Quarter ended 30th June 2021

		Standalone						(Rs. in Lacs)
	QUARTER ENDED		YEAR ENDED				Consolidated
	30th June 31st March 30th June		3lst March			QUARTER ENDED		YEAR ENDED
2021	(Refer Note 2021	2020	2021	Particulars	30th June 2021	31st March 2021	30th June 2020	31st March
	No. 2)					(Refer Note No.		2021
Unaudited	Audited	Unaudited	Audited		Unaudited	Audited 2)
1,158.44				Segment Revenue (Net of Taxes)			Unaudited	Audited
	617.13	504.28	2,671.96	Metal Products a	23,327.37
				Packaging Products ) Db	3,963.35	20,765.85 2,612.53	14,329.48	73,586.91
1,158.44	2.10 619.23	504.28	2.28 2,674.24	Others ) c		2.10	2,820.59	12,514.64
				Less : Inter Segment Revenue Total	27,290.72	23,380.48	17,150.07	2.28 \$6,103.33
1,158.44	619.23	504.28	2,674.24
				Net Segment Revenue	27,290.72	23,380.48	17,150.07	86,103.83
				Segment Results
				Segment Results (Profit(+) /Loss(-}
108.03	5.80	20.35	59.14	before Interest & Tax) : Metal Products a
				Packaging Products b	2,639.35	2,036.36	1,007.76	7,204.46
(0.03)	(0.03)	(0.02)	(0.74)	Others Cc )	1,106.74	471.65	491.32	1,991.90
108.00	5.77	20.33	58.40	Total	(0.03) 3,746.06	(0.03)	(0.02)	(0.74)
59.93	57.45	53.43	234.84	Add ; Interest Income		2,507.98	1,499.06	9,195.62
0.94	1,53	1,24	11.18	Less : Interest Expenses	679.18 193.19	427.16	562.02	2,161.91
166.99	61.69	72.52	282.06			161.09	86.73	589.03
	(2,651.72)		(2,651.72)	Dividend Income from Subsidiary	4,232.05	2,774.05	1,974.35	10,768.50
				Company
116.48	1,588.57	229.97	2,147.71	Less : Other un-allocable expenditure net of un-allocable (income)	(313.07)	1,093.86	207.44	1,161.68
50.51	1,124.84	(157.45)	786.07
				Total Profit before Tax	4,545.12	1,680.19	1,766.91	9,606.82
886.01				Segment Assets
	542.42	726,32	542.42	Metal Preducts a	63,014.08	48,090.27	76,755.61	48,090.27
5.79	5.83	8.60	5.83	Packaging Products Others ) ) b ¢	7,275.72	7,112.02	7,835.94	7,112.02
10,858.99	11,059.18			Investments, Unallocable and Projects ) d	5.79	5.83	8.60	5.83
		10,579.58	11,059.18	in Progress	58,320.62	61,684.95	31,425.00	61,684.95
11,750.79	11,607.43	11,314.50	11,607.43	Total	1,28,616.21
						1,16,893.07	1,16,025.15	1,16,893.07
	2.50	314.96	2.50	Segment Liabilities Metal Products a
				Packaging Products ) b	30,067.03	15,808.25	13,305.60	15,808.25
	0.10	0.10	© 0.10	Others )	2,795.45 0.10	3,098.93	2,959.45	3,098.93
	181.93	155.00	d 181.93	Investments,Unallocable and Projects		0.10	0.10	0.10
				in Progress	273.16	182.22	155.18	182.22
	184.53	470.06	184,53	Total	33,135.74
						19,089.50	16,420.33	19,089.50

Nutes

• 1 The Figancial Results of tue Company for the quartey ended 3074 June 2021 have been reviewed and recommentted by the 'Audit Committee and approved by the Roard cf Direerars of the Company in their meeting held on 11th August 2021. The Statutory Auditors of the Company inave carried out Limited Review of these results and the results are being published in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,
• ²The figures for the quarter ended 31st March 2021 are the balancing figures between audited figures in respect of full financial year and year to date figures upto the third quarter of that financial year,
• Comparative figures have been Tearranged / regrouped / whereever necessary.
• ⁴Reviewed Standalone and Consolidated Financial Results of the Company for rhe Quarter ended 30th June, 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.
• realisability of inventory on hand based on subsequent realisations and customer orders respectively. However, given the uncertainties associated with the eventual outcome, nature and duration of the pandemic, the impact may be different from that estimated as on the date of approval of these financial statements.

Place : Kolkata

For and or Behalf of the Board of Directors Dated : 11.08.2021

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Suresh Kumar Agrawal Managing Director DIN- 00520769