MFS Intercorp Limited — Interim / Quarterly Report 2023

Feb 14, 2023

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Date: 14.02.2023

To BSE Limited, Listing Dept/Dept. of Corporate Services, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001.

Scrip Code: 513721

Subject: Outcome of Board Meeting held on 14[th] February, 2023

Dear Sir/Madam,

Pursuant to Regulation 33 and Regulation 30 read with Part A of Schedule III of SEBI (LODR) Regulations, 2015, we hereby inform you that the Board of Directors of the Company at its Meeting held today i.e. 14[th] February, 2023 has inter-alia adopted and approved:

1. The Standalone Un-audited Financial Results for the Quarter and Nine months ended on 31[st] December, 2022 along with Limited Review Report of Statutory Auditors of the Company.

The Meeting of Board of Directors of the Company commenced from 08:00 p.m. and closed at 10:00 p.m.

We request you to kindly take note of the above in your record.

Thanking You Yours Faithfully

For MFS Intercorp Limited Mahima Ahuja Chairman

CIN: L27209DL1986PLC254555 E-mail: muskanferros@gmail.com, www.muskanferro.com Registered Office: Office No.5 1st Floor BLK B, PKT 3, Se 34, Rohini Landmark NA New Delhi 110042 Corporate Office: C-908, Ganesh Glory, Jagatpur Road, Near S.G. Highway, Ahmedabad, 382470, Gujarat

(RS. IN LAKHS)

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Statement of Un-Audited Financial Results for the Quarter & Nine Months ended 31.12.2022
For the year
Particulars Quarter Ended Nine Months Ended ended
31/12/2022 30/09/2022 31/12/2021 31/12/2022 31/12/2021 31/03/2022
Date of start of Reporting Period 01-10-2022 01-07-2022 01-10-2021 01-04-2022 01-04-2021 01-04-2021
Date of end of Reporting Period 31-12-2022 30-09-2022 31-12-2021 31-12-2022 31-12-2021 31-03-2022
Whether results are audited or
unaudited (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited)
Nature of report Standalone or
Consolidated Standalone Standalone Standalone Standalone Standalone Standalone
Income from Operations
a. Revenue from operations 68.93 75.80 223.67 220.05 824.07 1066.75
b. Other Income 0.00 0.00 2.60 2.11 2.60 2.60
III. Total Income 68.93 75.80 226.27 222.16 826.67 1069.35
Expenses:
a. Purchase of Stock-in-Trade 0.00 0.00 85.53 0.00 662.81 662.81
b. Cost of Material consumed 51.76 55.35 115.62 161.29 115.62 333.62
c. Employees Benefit Expenses 2.13 2.37 0.80 5.70 0.80 1.80
d. Finance Costs 0.00 0.00 0.00 0.00 0.00 0.00
9.21
e. Other Expenses 2.92 4.07 1.09 10.24 2.96
Total expenses 56.81 61.79 203.04 177.23 782.19 1007.44
V. Profit/ Loss before exceptional
12.12 14.01 23.23 44.93 44.48
items and tax (III - IV) 61.91
VI. Exceptional items 0.00 0.00 0.00 0.00 0.00 0.00
VII. Profit/ Loss after exceptional items
12.12 14.01 23.23 44.93 44.48
and tax (V - VI) 61.91
VIII. Tax expense:
(1) Current tax 3.03 3.50 0.00 11.23 0.00 9.49
(2) Deferred tax 0.00 0.00 0.00 0.00 0.00 0.00
IX. Profit (Loss) for the period
9.09 10.51 23.23 33.70 44.48 52.42
from continuing operations (VII-VIII)
X. Profit / Loss for the period 9.09 10.51 23.23 33.70 44.48 52.42
XI. Other Comprehensive Income 0.00 0.00 0.00 0.00 0.00 0.00
XII. Total Comprehensive Income for
the period (IX+X) (Comprising Profit
(Loss) and other Comprehensive
Income for the period) 9.09 10.51 23.23 33.70 44.48 52.42
XIII. Earnings per equity share (for
continuing operations)
Basic 0.21 0.24 0.54 0.78 1.03 1.21
1.21
Diluted 0.21 0.24 0.54 0.78 1.03
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Notes:

1. The Standalone Un-Audited Financial Results of the Company for the Quarter and Nine months ended on 31[st] December 2022 have been reviewed by the Audit Committee and taken on record by the Board of Directors at their meeting held on 14[th] February 2023.

2. The Limited Review of Un-Audited Financial Results for the Quarter and Nine Months ended December 31, 2022 as required in terms of Regulation 33 of the SEBI (Listing obligation and Disclosure Requirements) Regulations, 2015 has been carried out by Statutory Auditors.

CIN: L27209DL1986PLC254555

E-mail: muskanferros@gmail.com, www.muskanferro.com

Registered Office: Office No.5 1st Floor BLK B, PKT 3, Se 34, Rohini Landmark NA New Delhi 110042 Corporate Office: C-908, Ganesh Glory, Jagatpur Road, Near S.G. Highway, Ahmedabad, 382470, Gujarat

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1. Previous year/period figures have been regrouped/rearranged wherever necessary to make them Comparable with current period figures.

Date: 14[th] February, 2023 Place: Ahmedabad

FOR MFS INTERCORP LTD Mahima Ahuja Chairman

CIN: L27209DL1986PLC254555 E-mail: muskanferros@gmail.com, www.muskanferro.com Registered Office: Office No.5 1st Floor BLK B, PKT 3, Se 34, Rohini Landmark NA New Delhi 110042 Corporate Office: C-908, Ganesh Glory, Jagatpur Road, Near S.G. Highway, Ahmedabad, 382470, Gujarat

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Independence Auditor’s Review Report on Interim Financial Results

Review Report to

The Board of Directors of,

MFS Intercorp Limited

1. We have reviewed the accompanying statement of Standalone Unaudited lnd As Financial Results of MFS Intercorp Limited ("the Company") for the Quarter and Nine Months ended December, 30,2022 (the statement) attached herewith, being submitted by Company pursuant to the requirements of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the 'Listing Regulations').

2. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in •accordance with the recognition and measurement of principles laid down in Indian Accounting Standard 34 (Ind AS 34) "Interim Financial Reporting" prescribed under section 133 of the Companies Act, 2013 as amended, read with relevant rules issued there under and other accounting principles generally accepted in India. Our Responsibility is to issue a report on the statement based on our review.

3. We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity, 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.

4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement unaudited financial results prepared in accordance with applicable ds and other recognized accounting practices and policies has no action required to be

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disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement

UDIN: 23142479BGVZVL9137

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For, K. S. Mehta & Associates Chartered Accountants

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(CA Kalpit Mehta) Proprietor M. No. 142479 FRN: 136799W Date: 14/02/2023 Place: Ahmedabad