Mindteck (India) Ltd — Audit Report / Information 2023

May 20, 2023

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Mindteck (India) Limited (CIN: L30007KA1991PLC039702) Regd. Office: AMR Tech Park, Block 1, 3rd Floor #664, 23/24, Hosur Road, Bommanahalli Bengaluru - 560068. India

Tel: +91 80 4154 8000/4154 8300 Fax: +91 80 4112 5813

www.mindteck.com

Ref: MT/SSA/2023-24/08

Scrip Code: 517344

May 20, 2023

Symbol: “Mindteck”

To, To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G, Dalal Street Bandra Kurla Complex, Mumbai- 400001 Bandra (E) Mumbai – 400 051

Dear Sir/Madam,

Subject: Newspaper Advertisement under Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Pursuant to Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing the copies of newspaper advertisement published in the Newspaper of Business Standard and Hosadigantha. The same has been made available on the Company’s website (www.mindteck.com).

Please take the above intimation on record and acknowledge.

Thanking you,

Yours Truly,

For Mindteck (India) Limited

Shivarama

Adiga S

Digitally signed by Shivarama Adiga S DN: cn=Shivarama Adiga S, o=Mindteck (India) Limited, ou=Legal and Secretarial, email=shivarama.adiga@mindteck.com, c=IN Date: 2023.05.20 11:20:59 +05'30'

Shivarama Adiga S.

VP, Legal and Company Secretary

UNITED STATES INDIA SINGAPORE MALAYSIA BAHRAIN UNITED KINGDOM

1

BENGALURU | SATURDAY, 20 MAY 2023

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2 THE SMART INVESTOR

After record Q4, SBI stock under ‘wait and watch’

Analystswaryof lender'ssizeand FAIR SHARE OF ‘BUYS’ exposureata timeofmacro n 800 uncertainty 770 n

n Targetprice(~) 800 uncertainty 770 n Recommendation NIKITAVASHISHT New Delhi, 19 May 700 695 ost brokerages have turned cautious 670 M about State Bank of India’s (SBI) earnings growth, citing uncertain macroeco- STATE BANK OF INDIA nomic conditions. STOCKPRICE IN ~ They don't see any signifi590 cant risk for the state-owned Add Buy Buy Outperform Buy 574.15 lender, but its balance sheet InCred Prabhudas Nomura Macquarie HSBC size and systematic imporResearch Lilladher 580 tancehavenudgedthemtocut 575.05 earnings estimates for 39.12 33.90 21.73 20.86 16.51 FinancialYears2023-24(FY24) 570 and 2024-25 (FY25) by up to 5 POTENTIALUPSIDE(%) per cent. bank on Thursday, reported aIndia’s largest state-owned 48 Total‘buy’calls 1 Tota‘sell’calls ~721 Averagetargetprice Chg%0.2 560 standalone net profit of Source: Bloomberg Compiled by BS Research Bureau May 18,’23 May 19,’23 ~16,694.51 crore for Q4 FY23. Net profit stood at ~50,232 croreforfullFY23,up58.58per as concerns have emerged For FY25, Elara Capital wardby1percent,loangrowth cent year-on-year (YoY). about the sustainability of trimmed estimates for profit by 21 bps, RoA and RoE by 3 SBI reported a net interest underlying earnings. By comafter tax (PAT) by 0.1 per cent, bps and 42 bps, respectively. income (NII) of ~40,393 crore parison, the benchmark S&P operatingprofitby1.2percent, That said, analysts feel in Q4 FY23, up 29.5 per cent BSE Sensex is up 0.2 per cent, and NII by 2.2 per cent. SBI's fundamentals remain YoY. For FY23, NII stood at while the BSE Bankex has Analysts at ICICI unparalleled and it needs to ~1.44 trillion and net interest added 0.67 per cent. Securities, too, slashed SBI’s deliver growth on guided margin (NIM) at 3.58 per cent. “SBI delivered strong pernetprofitestimateforFY24by lines, sustain NIM near curLoanbookinQ4FY23stoodat formanceintheMarchquarter 5percent,andone-yeartarget rent levels, and control asset ~32.69 trillion and deposits at ofFY23,ledbysteadybusiness price to ~ 730 from ~805, amid quality parameters while ~44.24 trillion. andrevenuegrowth.However, concerns around deceleration moderating credit costs to FY23 was one of SBI’s best whileSBIisourpreferredstock in credit growth, and higherdrive incremental re-rating yearsasNIMexpanded20bps, in the PSU basket, macroecothan-expected credit costs in stock. loangrowthaccelerated16per nomic uncertainty is the biggoing forward. Jefferies has raised earncent YoY, gross and net nongest risk, given its market size Analysts feel the Street ings estimates by 3-4 per cent performingassetswereattheir and exposure,” said Elara seems worried about the for FY24-25. “We estimate lowest, and credit costs Capital analysts, led by potential reversal in SBI’s RoA of 1 per cent/RoE of 17 per touchedanall-timelowintwo Prakhar Agarwal. earnings amid weakening cent in FY24. The managedecades. The brokerage has cut macro conditions, and higher ment has stated that the capReturn on equity (RoE) SBI’s FY24 net profit estimate cost of equity in this leg of the ital adequacy ratio for improved to 16.5 per cent, by 1.2 per cent to ~53,500 cycle. These are limiting Common Equity Tier 1 (CET1) which is more than a crore from ~54,100 crore. It upside in the stock. capital of 10.3 per cent is decade high. lowered SBI’s operating profit Kotak Institutional adequate and the bank estimate for the fiscal by 1.1 Equities has kept its target doesn’t plan any capital rais- Sharesslip per cent to ~94,600 crore, and price (~725) and stance (buy) ing for now. We, thus, mainYet SBI’s shares have slipped NII estimate by 0.7 per cent unchanged,whilerevisingthe tain ‘buy’ with a price target around 2 per cent in two days to ~ 1.57 trillion. PAT estimate for FY24 downof ~760,” said Jefferies.

Sebiplanstorestrictborrowing byAIFstopreventsystemic risk

Watchdog proposes mandatory renewal of AIF registrations on completion of 5yrs

KHUSHBOOTIWARI gency and as a last resort so KEEPING A CHECK the renewal fee, then a late fee Mumbai,19May thattheydonotmissaninvestof 2 per cent of the registration ment opportunity due to the Between June 2022 and feewillbechargedforeachday The Securities and Exchange shortfall in drawdown from an March 2023, AIFs of delay, up to a maximum of Board of India (Sebi) plans to investor, Sebi has proposed. borrowed funds worth twice the registration fee. bar Category I and Category II Such borrowings, however, ~708 crore Under the proposed alternative investment funds willhavetobelimitedto10per amendments, Sebi will also (AIFs) from borrowing or centoftheinvestmentmadein Of this, only ~7.5 crore mandate the appointment of engaging in leverage for the aninvesteefirmandthecostof was for operational custodians for all AIFs, irrepurposeofinvestmentstopreborrowingwillonlybecharged expenses spective of the size of the corvent systemic risk. ontheinvestorwhodelayedor Funds borrowed by pus. Upon approval, existing Between June 2022 and defaulted on the drawdown Category I and II AIFs for AIFs with a corpus of less than March 2023, AIFs borrowed payment. The funds will have ~500 crore will be given six unlisted securities may funds to the tune of ~708 to maintain a cooling-off monthstoappointacustodian. lead to asset-liability crore, Sebi observed in a disperiodoftwomonthsbetween The custodians will also be mismatches, says Sebi cussion paper on strengthenany permissible leverage. giventheresponsibilityofindeing governance mechanisms Sebiisalsomullingoverthe However, AIFs will be pendently monitoring the at AIFs. Of this, only ~7.5 crore idea of preventing AIFs from allowed to borrow investments made by AIFs, was borrowed to meet operaholding registration indefiduring emergencies similartotheirresponsibilities tional expenses. The regulator nitely without any commitfor foreign portfolio investors feels that funds borrowed by mentsraisedbymandatingthe Sebi has also sought comCategory I and II AIFs for renewal of registration. There all AIFs will have to pay a ments on the proposal to perinvesting in unlisted secuare 215 AIFs with registrations, renewalfeeequalto50percent mit large value funds (LVFs) rities may lead to asset-liabilwhich have not raised any of the registration fee within to extend their tenure up to ity mismatches. investment commitment for three months before the regisfour years on the approval of However, AIFs will be any of their schemes. tration expires. two-thirds of the unit holders allowed to borrow in emerOn completing five years, In case the AIFs fail to pay by value.

ForeignVCinvestmentrulesset tobealignedwiththoseforFPIs

financial health.

KHUSHBOO TIWARI financial health. However, many provisions applicable Mumbai, 19 May FVCIs are provided with certain beneon FPIs are proposed to be extended to fits under the regulations to incentivise FVCIs. These include norms specifying The Securities and Exchange Board of investmentsinthesesectors.ThesebenethattheFVCIsorthecontrollinginvestors India (Sebi) is planning to align the regisfits include exemption from lock-in are only from the permitted foreign juristration process and eligibility criteria for requirements, provisions related to open dictions and from countries that have Foreign Venture Capital offers, tax reliefs, and classistrategic anti-money laundering measInvestors (FVCIs) with those The new norms also fication as qualified instituures. The new norms also prescribe limits ofForeignPortfolioInvestors prescribe limits on tional buyers (QIBs). oninvestmentsbyNRIsorOCIsalongwith (FPIs). investments by NRIs or Sebi noted that it is nectheintroductionof‘fitandproper’criteria The proposals are aimed OCIs, along with the essary to ensure safeguards for FVCIs. atensuringadequateduedil- introduction of ‘fit similar to those prescribed Sebi has also proposed to mandate igence and regulation of and proper’ criteria for other routes of foreign FVCIs to hold their investments only in money coming through this forFVCIs investment. Under the prodematerialised form apart from those route in India and ensuring posed framework, desigtypes of instruments where dematerialithat the funds are sourced from bona fide nated depository participants (DDPs) will sation is not available. investors and meet the Prevention of be entrusted with the registration and Further,toremoveinactiveFVCIsfrom Money Laundering Act (PMLA) requirepost-registrationprocessforFVCIs—aprotheecosystemandensureperiodicreview, ment, and other applicable law. cessakintothatfollowedbyFPIs.Further, Sebi also plans to introduce a renewal fee FVCIs invest in early-stage startups, the requirement of approval from the of $2,500 for continuing the registration sunrise sectors, unlisted companies, ReserveBankofIndia(RBI)isproposedto for five years. At present, the registrations Category-I alternative investment funds be removed along with the minimum remain valid unless they are surrendered (AIFs),andalsoincompanieswithweaker commitment requirement of $1 million. or cancelled.

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ZODIAC - JRD -MKJ LIMITED

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DIAMONDS . JEWELLERY . PRECIOUS & SEMI PRECIOUS STONES
Regd Off : 910,Parekh Market, 39 J.S.S Road, Opp, Kennedy Bridge, Opera House, Mumbai -400 004(India)
Website add: www.zodiacjrdmkjltd.com Email id: info@zodiacjrdmkjltd.com CIN : L65910MH1987PLC042107
Extract of Standalone Audited Financial Result For the Quarter / Year Ended 31st March, 2023
[See Regulation 47(1) (b) of the SEBI (LODR) Regulations,2015]
ANNXURE I In. Lacs
Quarter Ended Year Ended Year Ended
Sr Quarter ending Quarter ending Quarter ending
No Particulars 31-03-2023 31-12-2022 31-03-2022 31-03-2023 31-03-2022
(AUDITED) (UN -AUDITED) (AUDITED) (AUDITED) (AUDITED)
1 Total Income from Operations 154.85 126.58 1225.45 1597.55 1933.17
Net Profit / (Loss) for the period
2 (before Tax, Exceptional and/ or
Extraordinary items) 0.44 19.78 76.76 110.45 103.00
Net Profit /( Loss) for the period
3 before tax (after Exceptional
and/or Extraordinary items) 0.49 20.83 76.76 111.55 103. 00
Net Profit / (Loss) for the period
4 after tax (after Exceptional and/
or Extraordinary items) 10.70 27.61 47.04 98.42 68.26
Total Comprehensive income for
5 the period (Comprising profit for
the period (after tax) and other
Comprehensive Income (after tax) (1.60) 0.57 (0.03) (0.05) 0.85
6 Equity Share Capital 517.72 517.72 517.72 517.72 517.72
Reserves (excluding Revaluation
7 Reserve as shown in the Audited
Balance Sheet of the previous year 6369.23 6270.86
Earings Per Share (of Rs.10 /-
each) (for continuing and
8 discontinued operations)-
1. Basic: 0.21 0.53 0.91 1.90 1.32
2. Diluted: 0.21 0.53 0.91 1.90 1.32
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Notes to Financial Results -

1. The Company is primarily engaged in the business of diamonds and accordingly there are no separate reportable segments pursuant to IND AS-108.

2. Ind AS 116 “Leases” is not applicable to the Company.

3. The figures for the earlier periods have been regrouped / reclassified wherever necessary to make them comparable with those of the current period. 4. The Trade Payables of the Company includes a vendor having outstanding for more than 3 years amount of Rs. 49.32 Lakhs as at March 31, 2023. The vendor is under Corporate Insolvency Resolution Process from January 2018. The management of the Company is making all efforts to quantify the amount payable to the vendor. Based on the information with the management, the matter is pending before various statutory investigating authorities. However, the company has not received any claim. Hence, in the opinion of management no impact has been given in the financial statements In absence of the confirmation of the vendor. 5 The figures for the quarter ended 31/03/2023 & 31/03/2022 are the balancing figures between the audited figures in respect of the full financial year 2022-23 & 2021-22 and the published unaudited year to date figures up to the third quarter ended 31/12/2022 &31/12/2021 respectively.

6. The Statutory Auditors of the Company have conducted audit of the financial results for the year ended 31/03/2023 pursuant to the requirement of Regulation 33 of the SEBI (LODR) Regulations, 2015 and have given an unmodified opinion in their report.

7. The financial results for the year ended 31/03/2023 have been extracted from the audited financial statements prepared in accordance with the Indian Accounting Standards (Ind-AS) as prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and relevant amendment rules thereafter. These financial results have been reviewed by the Audit Committee and thereafter approved by the Board of Directors at their respective meetings held on 19/05/2023.

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For and Behalf of Board of Directors PLACE : MUMBAI ZODIAC JRD MKJ LIMITED DATE: 19.05.2023 Mr. Jayesh Jhaveri (Managing Director) DIN NO 00020277

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