Sec/Steels/014/FY 21-22 Date: 22/06/2021

q Registered Office Website : www.manaksiasteels.com

The Secretary The Manager P| Tower, Dalal Street, Bandra East, Mumbai- 400001 Mumbai- 400051 SCRIP CODE: 539044 SYMBOL: MANAKSTEEL

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: Discrepancy in Consolidated Financial Results

Please note that the Consolidated Financial Results of the Company for the year ended 31st March, 2021 are duly audited by the Statutory Auditors of the Company. However, due to typographical error in the 'pdf file' submitted with the exchange on 16' June, 2021, the word "Unaudited" has been wrongly mentioned instead of "Audited" in the column for the year ended 31st March, 2021. The Auditor's Report issued by the Statutory Auditor on the Consolidated Financial Results was also attached with the Financial Results for the year ended 31st March, 2021.

Accordingly, all concerned are requested to read and consider the figures mentioned in the column for the year ended 31st March, 2021 of the consolidated financial results as audited.

We have rectified the aforesaid typographical error and are submitting herewith the rectified PDF file i.e., Audited Financial Results (both Standalone and Consolidated) of the Company for the quarter and year ended 31st March, 2021 along with the Auditor's Report for your information and records.

Thanking you, Yours faithfully,

For Manaksia Steels Limited

Ajay Sharma Company Secretary

Encl: as sated

wae * SSTAR | A PRODUCT OF MANAKSIA STEELS LTD. e+

Agrawel Tundon & Co.

CHARTERED ACCOUNTANTS Firm Registration No. : 329088E

"min Marrill, ist Floor, 59 Bentinck Street Kollesta - 700 069 Website - www.agrawalsanjay.com

E-mail Id: [email protected]

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

Board of Directors of Manaksia Steels Limited

Report on the Audit of Standalone Financial Results

Opinion

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

In our opinion and to the best of our information and according to the explanations given to us these

are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
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 theyear ended 31st March, 2021.

Basis for Opinion

CHARTERED ACCOUNTANTS Firm Registration No. : 329088E

Room No.: 7, ist Floor, 59 Bentinet Street. Kolkatz - 700 069 Wabsite - www.agrawalsanjay.com E-mail Id: [email protected]

to 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 responsibilities 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 NoteH to the standalone 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 standalone annual financial statements. The Company's Board of Directorsare responsible for the preparation and presentation of these standalone financial results that give a true and fairview of the net profitand other comprehensive income and other financial information of the company in accordance with theIndianAccounting Standards prescribed under Section 133 of the Act read with relevant rulesissued thereunderand other accounting principles generally accepted in India and incompliance with Regulation 33of the Listing Regulations. The Board of Directors of the Company are responsible for maintenance of adequate accounting records in accordance with the provisions of the Actfor safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and applicationof appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financialcontrols, that were operating effectively for ensuring accuracy and completeness of theaccounting records, relevant to the preparation and presentation of the standalone financialresults that give a true and fair view and are free from material misstatement, whether due

In preparing the standalone financial results, the Board of Directors of theCompany are responsible for assessing the ability of the Company to continue as a going concern, disclosing, as applicable, matters related to goingconcern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no

The Board of Directors of the Company are also responsible for overseeing the financial reporting

Agrawai Tondon & Co. CHARTERED ACCOUNTANTS Firm Registration No.: 329088E

Recom No. : 7, 1st Floor, 59 Benzinck Street Kolkata - 700 069 Wacuite - www.agrawalsanjay.com E-mail Id: [email protected]

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

Our objectives are to obtain reasonable assurance about whether the standalone financial results as a whole are free from material misstatement, whether due to fraud or error, and to 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 alwaysdetect a material misstatement when it exists. Misstatements can arise from fraud or error andere considered material if, individually

aggregate, they could reasonably be expected to influence theeconomic 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 audit. We also:

Identify and assess the risks of material misstatement of the standalone financial results, whether due to fraud or cirror, design and perform audit procedures responsive 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, omissions, misrepresentations, or the override of internal control. intentional

Obtain anunderstanding of internal control relevant to the audit in order to design auditprocedures 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 operatingeffectiveness of such controls.

Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.

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. 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 standatone financial results or, if such disclosuresare inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report.

CHARTERED ACCOUNTANTS Firm Registration No.: 329088E

Room No. : 7, Ist Floor, 59 Bentinck Street Kolkata - 700 069 -Website - www.agrawalsanjay.com E-mail Id: [email protected]

However, future events or conditions maycause the company to cease to continue as agoing

Evaluate the overall presentation, structure and content of the standalone financial results, including the disclosures, and whether the standalone financial results represent the underlying 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

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 SEBI underRegulation 33(8) of the Listing Regulations, as amended, to the extent applicable..

The standalone financial results include the results for the quarter ended 314 March 2021 and 31st March 2020 being thebalancing figures between the audited figures in respect of the full financial years and thepublished/recasted unaudited year to date figures up to the third quarter of the current and previous financial yearwhich were subject to limited

For Agrawal Tondon & Co. Chartered Accountants Firm Registration No. - 329088E

Kawshy

Kaushal Kejriwal. Partner Membership No 308606 UDIN: $21308606AAAADE4676$

Place: Kolkata Date: 16 June,

CHARTERED ACCOUNTANTS Firm Registration No.: 329088E

Room No.: 7, 1st Floor, 59 Bentinck Street Kolkata - 700 069 Website - www.agrawalsanjay.com E-mail Id: [email protected]

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

To1

Board of Directors of Manaksia Steels Limited

Report on the Audit of Consolidated Financial Results

Opinion

We have audited the accompanying consolidated financial results of Manaksia Steels Limited (hereinafter 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 attached 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:

includes the financial results of the following entities; ï.

Subsidiaries:

a. Technomet International FZE (Incorporated outside India)

Step-down Subsidiaries:
a. Federated Steel Mills Limited (Incorporated outside India)
b. Far East Steel Industries Limited (Incorporated outside India)
c. Sumo Agrochem Limited (Incorporated outside India)

are presented in accordance with the requirements of Regulation 33 of the Listing Regulations ∴ii. in this regard; and

give a true and fair view in conformity with the applicable accounting standards, and other iii. accounting principles generally accepted India, of net profit and other in comprehensive income and other financial information of the group for the year ended 31st 2021.

CHARTERED ACCOUNTANTS Firm Registration No.: 329088E

Room No. : 7, 1st Floor, 59 Bentinck Street Kolkata - 700.069 Website - www.agrawalsanjay.com E-mail Id: [email protected]

Basis for Opinion

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 Responsibilities for the Audit of the Consolidated Financial 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 to 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 responsibilities 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 pandernic 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.

Board of Directors' Responsibilities for the Consolidated Financial Results

These Consolidated financial results have been prepared based on the consolidated annual financial statements. 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 information 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 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 consolidated financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error.

CHARTERED ACCOUNTANTS Firm Registration No. : 329088E

ÿ.

$\Delta$

Reom Ne.: 7, ist Floor, 59 Bentinck Street Kolkata - 700 069 Website - www.agrawalsanjay.com E-mail Id: [email protected]

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 to liquidate the group or to cease operations, or has no realistic alternative but 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

"头" 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 to 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 economic 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:

Identify 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 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 internal 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 group 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 Board of Directors.

. » Agrawal Tonden & Cx. CHARTERED ACCOUNTANTS

Firm Registration No. : 329088

Dante

Kolkata - 700 069 Website - www. agrawalsanjay.com Room No.: 7, Ist Floor, 49 Bentinck Strece E-mail Id : [email protected]

vee ee

eConclude on the appropriateness of the Board of Directors' use of the going concern basis of c on ond the itio audit ns ma evidence y cause t obtained he up to the date of our auditor's report, However, future events or group to céase to continue as a going concern.

are of the res entities ponsible w ith for in the Group to express an opinion on the consolidated Financial Results. We . information the direction, supervision and performance of the audit of financial independent of aud such it entities included in the consolidated financial results of which we are the which have ors. For the other entities included in the consolidated Financial Results, direction, supervision been audited by other auditors, such other auditors remain responsible for the responsible for o and performance of the. audits carried out by them. We remain solely ur audit opinion. as

Of 'We which comyau w n e i ca ar t e e t with h those charged with governance of the Holding Company and such other entities audit and significant e independent au auditors, among other matters, the planned scope and timing of the identify during our aud dit findings, including any Significant deficiencies in internal control that we it. ,

Which We also we pr a o r v e i t d h e e those indepe charged nde with governance of the Holding Company and such other entities of requirements regarding i nt auditors with a statement that we have complied with relevant ethical matters that may reasonab n ly dependence, and to communicate with them all relationships and other be thought to bear on our independence, safeguards, and where applicable, related ,

53(8) We al of so the perf Listing ornied Regulations, procedures in accordance with the circular issued by the SEBI under Regulation as amended, to the extent applicable.

CHARTERED ACCOUNTANTS Firm Registration No.: 329088E

Room No.: 7, 1st Floor, 59 Bentinck Street. Kołkata - 700 069 Website - www.agrawalsanjay.com E-mail Id: [email protected]

Other Matters

2012年5月

$\ddot{\cdot}$

بالبر

$\cdot$ '

The consolidated Financial Results include the audited Financial Results of a subsidiary and one step down subsidiary incorporated outside India, whose financial statements/financial results/financial information reflects total assets of Rs. 8769.54 lakhs as at 31 March 2021, total revenue of Rs. 11,572.60 lakhs and total profit/(loss) after tax of Rs. 761.51 lakhs for the year ended on that date, as considered in the consolidated financial results, which have been audited by their respective independent auditors. These financial statements / financial information have been audited by other auditors 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 these subsidiaries, is based solely on the audit report of other auditors and the procedures performed by us are as stated in paragraph above.

The aforesaid subsidiary and step down subsidiary 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 adjustments prepared by the management of the Holding Company and audited by us.

The consolidated Financial Results include the unaudited Financial Results of two step down subsidiaries, incorporated outside India, whose Financial Statements/Financial Results/ financial information reflects total assets of Rs. 326.37 lakhs as at 31 March 2021, total revenue of Rs. 275.76 lakhs and total net profit/(loss) after tax of Rs. (4.33) lakhs the year ended on that date, as considered in the consolidated financial results. These unaudited financial statements / financial results/ financial information 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 these subsidiaries, is based solely on such unaudited financial statements/ financial results/ financial information. In our opinion and according to the information and explanations given to us by the Board of Directors, these financial statements/ financial results/ financial information are not material to the group.

CHARTERED ACCOUNTANTS Firm Registration No. : 329088E Kolkata - 700 069 Website - www.agrawalsanjay.com Ream Me.:7, tst Floor, 59 Bentinck Streat E-mail td: [email protected]

Tem

a ee

Our opinion on the consolidated Financial Results is not modified in respect of the a a u b d o i v t e o rs m at and ters the with F i Fespect nanc to our reliance on the work done and the reports of the other ial Results/ Financial Information certified by the Board of Directors. eT

The consolidated 2021 and 31st March financial results include the results for the quarter ended 31° March 2020 being the balancing figures between the audited figures in f r i e g s u p r e e c s t up of t t o h e 'th f e u . l l thi financial rd qu years and the published/recasted unaudited year to date Subject to limited review arter of the current and previous financial year which were by us, |

06 ¢

For Agrawal Tondon & Co, Chartered Accountants Firm Registration No. — 329088E

Kerwatred Keane

Kaushal Kejriwal Partner Membership No 308606 UDIN: 2.1408 04 4 APADE2

Place: Kolkata ~ Date: 16 June, 2021

MANAKSIA STEELS LIMITED

Corporate Identity Number: L27101WB2001PLC138341

Registered office : 6, Lyons Range, Turner Morrison Building, First Floor, Kolkata - TOOOO!

E-mail: [email protected], Website: wow.manakelasteels.com

Phone: +91-33-2231 0055 / +91-33-2231 0056

STATEMENT OF AUDITED FINANCIAL RESULTS FOR THE QUARTER & YEAR ENDED 31ST MARCH, 2021

MANAKSIA STEELS LIMITEDCorporate Identity Number: L27101WB2001PLC138341

					Registered office : 6, Lyons Range, Turner Morrison Building, First Floor, Kolkata - TOOOO!E-mail: [email protected], Website: wow.manakelasteels.comPhone: +91-33-2231 0055 / +91-33-2231 0056STATEMENT OF AUDITED FINANCIAL RESULTS FOR THE QUARTER & YEAR ENDED 31ST MARCH, 2021			CONSOLIDATED		(Zin Lacs)
	QUARTER ENDED	STANDALONE		YEAR ENDED			QUARTER ENDED		YEAR ENDED
2021	2020	2020	S3lst March 3ist Dee 31st March 31st March 31st March2021	2020	Particulars	2021	2020	2020Audited	31st March 3ist Dec 31st March 3ist March 3ist March2021Audited	2020Audited
AuditedRefer Note (c}	Unaudited	AuditedRefer Note te]	Audited	Audited	1. Revenue	AuditedRefer Note (e}	Unaudited	'Refer Note (e}
9,927.373.849,931.21	177.52	9,523.42 10,437.99 38,796.03171.529,700,94 10,609.51 39,398.38	602.35		48,779.87 {a) Revenue from Operations281.99 (b) Other Income49,061.56 Total Revenue	137.19	177,54	11,671.48 11,243.78 ) 12,434.39 50,418.86171.5311,808.64 11,421.32 12,605.92. 51,154.59	735.73	53,639.01233.0453,922.05
7,393.24(150.99)	6,854.98226.19	(165.73)	8,584.69 29,938.98(358.19)		2. Expenses41,733.04 {a) Cost of materials consumed (including traded goods)90.72 (o} Changes in inventories of finished goods, work-in-progress and stock-in-trade	8,195.97(26.74)536.01	7,680.75283.34556.98	(383.51)561.02	9,394.19 35,479.421,910.562,110.17	45,724.31{2,270.60)2,163.65
316.2117.96145.31	328.6221.03146.76	326.92$1.62168,04	1,233.17113.82575.13		1,363.39 (c} Employee bencfits expense157.51 (d) Finance Cost585.97 {¢) Depreciation and amortisation expense	32,88273.81	43.42252.63	76.26282.57	210.641,014.03	2292.32938.48
1,381.929,103.71	1,430.73	1,045.359,008.31 10,010.89 36,712.43	5,209.52		4,154.44 (f} Other expenses48,085.07 Total Expenses	1,713.18	1,744.12	1,826.5410,725.11 10,561.24 11,787.07 47,713.97	6,989.15	6,091.0952,869.25
827.50	692.63	$93.63	2,685.95		976.49/3. Profit /{Loss) before tax (1-2)4, Tax expense	1,083.53	860.08	848.85	3,440.62	1,052.80
240.00 -	160.00	150.00-	700.00.:	310.00:	{a) Current Tax(b} Short/(Excess) Provision for Taxation for Earlier Years	292.598.29	160.00-	150.00-52.13	752.598.2925.41	310.00:(216.90)
0.07587.43	7.83524.80	(34.67)483.29	17.461,968.49	(203.69) ]	(c) Deferred Tax870.18 5. Net Profit/(Loss] for the period (3-4)6. Other Comprehensive Income (After Tax}A. () tems that will not be reclassified subsequently to Profit and Loss	8.02774.63	7.83692,25	646.73	2,654.33	859.70
(0.60)(294.00)7444	-712.00(179.20)-	(8.29){251.46}65.37	(0.60)765.65(492.55}	(8.29)(251.46)65.37	{a} Remeasurement Gains/(Losses} on Post Employment Defined Benefit Plans(b} Gains/(Losses) from Investments in Equity Instruments designated at FVTOCI(ii) Tax on Items that will not be reclassified subsequently to Profit and LossB. (i} Items that will be reclassified subsequently to Prefit and Loss	(0.60)(294.00)74,14	-712,00(179.20)	(8.29)(251.46)65.37	(0.60)765.65(192.55)	(8.29)(251.46)65.37
--	--	-:	--	--	{a) Foreign Currency Translation Resenve(ii) Tax on Items that will be reclassified subsequently to Profit and Loss675.80 7. Total Comprehensive Income far the period (5+6]	(45.77)-538.40	(40.24)~1,184.81	(158.76):293.59	{62.12)-3,164.71	(65.06)-600.26
366.97655.34-	1,057.60655.34-	288.91655.34-	2,540.99655.3421,210.36)		655.34 8. Paid-up Equity Share Capital (Face Value per share : 2 i/-)18,669.36 9. Other equity as per Balance Shect of the previous accounting year10. Earnings per share (of 2 1/- cach) (Not annualised):	655.34)-	655.34-	_ 658.34-0.40	655.3421,626.884.05	655.3418,462.171.31

Notes :

(a) The Financial Results of the Company for the Quarter and Year ended 31st March, 2021 have been recommended by the Audit Committee and approved by the Board of Directors of the Company in their respective meetings held on 16th June, 2021. The Statutory Auditors of the Company have carried out Audit of these results and the resulis are being published in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements} Regulations, 2015.

(b} The Consolidated Financial Results comprise of Manaksia Steels Limited, its wholly owned subsidiary, Technomet International FZE and its step-down subsidiaries, Federated Steel Mills Limited,-Far East Steel Industries Limited and Sumo Agrochem Limited.

(c) The Audited financial results of ure 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) (Amendment) Rules, 2016,

{d) Comparative figures have been rearranged / regrouped wherever necessary. tos

(ec) The figures for the quarter ended 31st March 2021 and 31st March 2020, are the balancing figures between audited figures in respect of full financial year and year to date unaudited figures upto the third quarter of respective financial years which were subject to Limited Review.

{f) As the Company's business activity falls within a single primary business segment, viz., "Metals", the disclosure requirements of Ind AS 108, "Operating Segments", are not applicable.

{g) The above Financial Results of the Company for the Quarter and ycar ended 31st March, 2021 are available at the Company's website www.manaksiasteels.com and websites of all Stock Exchanges, where the Equity shares of the Company are listed.

{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 spending and relaxation in mobility restrictions. The Group has assessed the possible impact of COVID-19 on its financial statements based on the internal and extemal information available z ¢ up te the date of approval of these financial results and concluded no adjustment is required in these results. The Group continues to monitor the fugare economic conditions, :

Dated : 16th June, 2021 Board of Directors

Place : Kolkata For and on behalf of the

MANAGEMA STEEDS LIMITED"

Registered office : 6, Lyons Range, Varger Rendso, (Building; First Floor, Bolzata - 705001

stator, sul of nessle and slabilities.

÷.

$\ddot{\cdot}$

Standalone	Standalone		Consolidated	Consolidated
As at 31st	As at 31st	Farticulars	As at 31st	As at 31st
March, 2021	March, 2020		March, 2021	March, 2020
(Audited)	(Andlted)		(Audited)	(Audited)
		ASSETS
		I. Nen-Current Assets
3,995.38		4,378.37 [a] Property, Plant and Equipment	7,503.38	$\ldots$ : 3,425.35
31.58		159.25 b) Capital Work-in-Progress	35.66	309.65
		c) Intangible Assets	.0.51	0.81
277.46		312.02 d) Right-of-Use Asset	1,320.23	1.441.93

		e) Financial Assets
4,553.06	3,256.32	il Investments	2,070.60	778.86
16.85	15.83	ii) Loans	25.49	24.73
9,952.74	2,671.75	iii) Other Financial Assets	$-9,952.74$	2,671.75
		n Deferred Tax Assets (Net) .	93.78	48.95
116.11		236.40 g) Other Non-Current Assets	116.11	253.62
18,948.18		11,039.93 Sub-total - Non-Current Assots	21,118.50	. : 13,955.33

		II. Current Assets
				13,867.74
7,978.52		8.676.06 (a) Inventories	8,613.55
		(b) Financial Assets
384.71	273.47	il Investments	384.71	278.47
1,672.99	4,252.73	ii) Trade Receivables	1,936.37	4,466.61
655.07	2,282.07	iii) Cash and Cash Equivalents	1,641.28	4,352.27
29.71	83.32	(v) Other Bank Balances	20.71	88.32
	100.00	v) Loans		100.00
57.65	111.02	vi) Other Financial Assets	38:61	142.26v.
696.42		2,588.88 (c) Other Current Assets	1,002.26	2,893.14
$3.61	183.41	(d) Current Tax Assets (Net).	83.10	181.12
11,549.18	13,560.96	Sub-total - Current Assets	13,770.59	26,374.93

30,497.26	29,600.89	TOTAL - ASSETS	34, 389.09	40,330.76


		EQUITY AND LIABILITIES
		III. Equity		655.34
655.34		655.34 Equity Share Capital	655.34
21,210.36		18,659.36 (b) Other Equity	21,626.88	18,462.17
21,865.70		19,324.70 Sub-total - Equity	22,282.22	19,117.51

		IV. Non-Current Liabilities
		a) Financial Liabilities
$3 + 97$	41.21	i) Borrowings	34.97	41.21
94.76	118.69	ii) Lease Liability	54.76	118.69
S9.78		103.37 b) Provisions	101.16	103.37
270.64		60.64 [c] Deferred Tax Liabilities (Net)	270.64
490.15	323.91	Sub-total - Non-Current Liabilities	501.52	$$ 263.27

		Current Liabilities

		(a) Financial Liabihties
6,256.06	4,001.85	(i) Borrowings	6,530.21	5,625.41
		(ii) Trade Payables
.43.57	80.41	A) total outstanding dues of micro, small and	43.67	80.41
		medium enterprises; and		$\cdots$
918.32	4,864.27	B) total outstanding dues of creditors other than.	3,891.17	$-12,968.02$$\cdot$ :
		micro, small and medium enterprises
23.53	38.58	(ii) Lease Liability	38.58	38.58

721.84	853.72	iv) Other Financial Liabilities	1,375.42	1,746.34
97.14		60.55 Jb) Other Current Liabilities	107.93	241.32
55.90		49.90 [c] Provisions	118.29	49.90
8,141.51		9,952.22 Sub-votal - Current Liabilities	12,105.34	-20,245.98$\mathcal{M}$

30,197.36		29,600.89 TOTAL - EQUITY AND LIABLETIES .$\mathcal{L}_{+}$$\cdot$ .	34,889.09.	$-40,330,75$

Place : Kulliate 'Datod : 16th June, 2021

RUMARCIA STEELS LIMITEDFegistered office : 6, Lyons Annge, Turner Morrison Building, First Floor, Kolkata - 700-001Statement of Audited Cash Flows for the Year Ended March 31,2021

				(k in Lacs)
Standaleno			Consolidated
YEAR ENDED31st March31st March		Particulars		YEAR ENDED
2021	2020		31st March	31st March
(Audited)	. (Audited)		2021(Audited)	2020(Audited)
		A. CASH FLOW FROM OPERATING ACTIVITIES:

2,685.95		976.49 Net Profit/(Loss) before Tax:	3,440.62	1,052.80
		Adjustment for:
575.13		585.97 Depreciation/ Amortisation	1,014.03	938.48
113.82		157.51 Finance Cost	210.64	222.32
(370.04)		(189.83) Interest Income	(370.06)	(190.88)
(0.79)		2.10 (Gain)/Loss on Property, Plant & Equipment Sold / Discarded	(133.35)	2.10
$\sim$ (3.43)		(285.89) Dividend Received on Investment in Equity Shares	(3.43)	(286.89)
(81.05)		(120.17) (Gain)/Loss from Current Investments	(81.05)	(120.17)
(147.83)		314.91 Fair Value changes of Current Investments
2.771.76		1,440.08 Operating Profit before Working Capital Changes	(147.83)3,929.57	314.911,932.66
		Adjustments for:
		(Increase)/Decrease in Non-Current/Current Financial and other
4,637.47	2,804.35	Assets	4,609.15	2,433.94
:697.44		(1,256.04) (Increase)/Decrease in Inventories .	.5,254.19	(4,887.10)

(4,090.12)		[3,142.12] Increase/(Decrease) in Non-Current/Current Financial and other	(9, 563.21)	583.73
		Liabilities/Provisions
4,016.54		[153.73] Cash Generated from Operations	4,229.70	(9, 563.21)63.23
(699.60)		(444.41) Direct Taxes Paid	(662.85)	(447.11)

3,416.94		[598.14] Net Cash Flow from Operating Activities	3,566.85	(383.88)

		B. CASH FLOW FROM INVESTING ACTIVITIES:
(32.61)	(302.62)	Purchase of Property, Plant & Equipment and change in Capital	(73.33)	(1,100.19)
		work in progress
3.49		4.41 Sale of Property, Plant & Equipment	136.04	4.42
(526.09)		[977.71] Purchase of other Non-Current Investments	(526.08)	(977.72)
122.63		1,141.83 (Investment)/Sale of Current Investments$\cdots$	122.63	1,141.83
(6, 955, 6, 7)		¡2,436.53) Investment in Fixed Deposits (Net)	(6,955.54)	(2, 436.53)
		(100.00) Loans given		(100.00)
.100.00		Refund of Loans given	100.00
.119.57		187.98 linterest Received	119.59	189.04
$\cdots$ . 3.43		286.89 Dividend Received on Investment in Equity Shares	3.43	286.89

(7, 165.12)		(2,195.74) Net Cash Flow from/(Used in) Investing Activities	(7,073.26)	(2,992.25)
		C. CASH FLOW FROM FINANCING ACTIVITIES:
٠.$-2,254.20$		4,001.86 (Repayment of)/ Proceeds from Short Term Borrowings (Net)
			704.81	5,608.08
(6.23)		41.21 (Repayment of )/ Proceeds from Long Term Borrowings (Net)	(6.23)	(26.51)
(23.93)		(20.67) Repayment of Principal portion of Lease Liabilities	(23.93)	(20.67)
(14.65)		(16.06) Repayment of Interest portion of Lease Liabilities	(14.65)	(16.06)
(88.22)		(138:64) Interest Paid	(185.03)	(203.45)

2,121.17	3,867.70	Net Cash Flow From/(Used in ) Financing Activities	474.97	5,341.39
(1,627.01)	1,073.82	Net Increase/(Decrease) in Cash and Cash Equivalents
			(3,031.44)	1,965.25
2,282.07	1,208.24	Cash and Cash Equivalents at the beginning of the period	4,352.27	2,040.12

$\mathbf{y}$ $\sim$	٠	Effect of Foreign Currency Translation during the year	320,43	346.88

655.07		2,282.07 Cash and Cash Equivalents at the end of the period	1,641.28	4,352.27

Place : KolkataDated : 16th June, 2021

$\bigcirc$

AI assistant

Manaksia Steels Limited Audit Report / Information 2021

62335_rns_2021-06-22_e18d1741-9bef-496b-972b-b2633812662a.pdf

Agrawel Tundon & Co.

To1

Basis for Opinion

Emphasis of Matter

Board of Directors' Responsibilities for the Consolidated Financial Results