MPIL CORPORATION LIMITED — Interim / Quarterly Report 2021

Nov 9, 2021

MPIL CORPORATION LIMITED

Registered Office: Udyog Bhavan, 2" Floor, 29 Walchand Hirachand Marg, Ballard Estate, Mumbai - 400001 Tel/Fax: +91-22-22622697 Corporate Office: 2" Floor, 8 Hamilton House, J. N. Heredia Marg, Ballard Estate, Mumbai - 400001 | Tel: +91-22-22076787 Email: mpil@mpilcorporation.com | Website: www.mpilcorporation.com | CIN: L74299MH1959PLC163775 Subject: Outcome of the Board Meeting held on Tuesday November 09, 2021.

November 9, 2021

The Secretary, Bombay Stock Exchange Limited, 1st Floor, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai — 400001

Scrip Code: 500450

Dear Sir,

Pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation 2015 we would like to inform you that the Board of Directors of the Company at its meeting held today has interalia:

1. Approved the Unaudited Financial Results for the quarter and half year ended 30-09- 2021, along with the Limited Review Report

_ The meeting of the Board of Directors commenced at 12.30 p.m and concluded atl. i5p.m

Yours Truly For MPIL ah LIMITED

i al

CHAIRMAN DIN: 00062453

CA! M. D. Pandya & Associates 107-B, Anand Nagar,

Pariners Tel. : 2386 9235 M.D. Pandya 2388 4861 B. Com. F.C.A Fax : 2387 1614 A. D. Pandya

B. Gom,, F.C.A,

Forjet Street, Chartered Accountants Mumbai - 400 036.

Limited Review Report on Unaudited Quarterly and Year to date Standalone Financial Results of the MPIL Corporation Limited Pursuant to the Regulation 33 of the SEBI ((Listing Obligations and Disclosure Requirements) Regulations, ²⁰¹⁵

To the Board of Directors MPIL Corporation Limited

We have reviewed the accompanying statement of unaudited financial results of MPIL Corporation Limited for the quarter ended 30" September 2021 and year to date from 1" April 2021 to 30th September, 2021 ("the Statement") attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 ('the Regulation') as amended (the "Listing Regulations").

This statement is the responsibility of the Company's Management and has been approved by the Board of Directors/ Committee of Board of Directors in the meeting held on 9" November 2021. This statement has been prepared in accordance with the recognition and 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 geaerally accepted in India. Our responsibility is to issue a report on these financial statements based on our review.

We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, engagements to " 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 procecures 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.

Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results prepared in accordance with applicable accounting standards ic. IND AS prescribed under Section 133 of

B. Com., F.C.A.

disclosed the Companies the information Act, 2013 and other recognized accounting practices and policies has not (Listing Obligations required to be disclosed in terms of Regulation 33 of the SEBI dated 5 July and Disclosure Requirements) Regulations, 2015 and SEBI circular material misstatement, ²⁰¹⁶including manner in which it is to be disclosed. or that it contains any

Our conclusion on the statement is not modified in respect of the above matters,

| Sas Place: Mumbai va\ 'A.D. PANDYA | en io Partner Date: 09/11/2021 WON Mem. No. ⁰³³⁹³⁰

FOR M, D. PANDYA &, ASSOCIATES Chartered Accountants Vis _ aN \ \ fs" 2) | 3 '\ | " =| al

UDIN : 21033930AAAADS3083

MPIL CORPORATION LIMITED

Registered Office: Udvog Bhavan, 29 Walchand Hirachand Marg, Ballard Estate, Mumbai- 400 001 Website www.mpilcorporation.com Email.ci@mpilcorporation.com Tel: 022 2262231-

CM: L74299MH1959PLC163775

STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2021

M. No.	Particulars	$\sim$ $\sim$ $\sim$ $\sim$ $\sim$ $\sim$ $\sim$ $\sim$
$\mathbf{1}$		Quarter Ended 30-Sep-21			Half Year ended		$(3$ Lacs
		Un Audited	30-Jun-21	30-Sep-20	30-Sep-21	$30-5ep - 20$	Year ended
	Revenue from Operations		Un Audited	Un Audited	Un Audited		$31$ -Mar-21
	(a) Net Sales/Income from Operations (Net of excise duty)					Un Audited	Audited
	(b) Other Operating revenue
	Total revenue from operations	1.00	2.00	1.00	3.00
$ 2\rangle$		1.00	2.00	1.00	3.00	3.00
	Other Income					3.00
	Total income 1+2	43.00	32.00	36.00	75.00
		44.00	34.00	37.00	78.00	74.00	154.47
	Expenses					77.00	160.47
	(a) Cost of materials consumed
	(b) Purchase of stock-in trade
	(c) Changes in inventories of finished goods, work-in-progress
	and stock-in-trade.
	(d) Employee benefits expense
	(e) Finance Costs	9.00	9.00	10.00
	(e) Deprectation and amortisation expense	8.00	8.00	12.00	18.00	19.00	43.71
	(f) Legal & Professional charges	4.00	3.00 i	4.00	16.00	24.00
	(g) Other expenses	1.00	1.00		7.00	7.00
	Total expenses	9.00.	9.001	10 00	2.001
	Profit/ (Loss) before tax and extraordinary items	31.00	30.00	36.00	18.00	14.00	31.65
	Extraordinary Items	13.00	4.00	1.00	61.00	64.00	136.40
	Profit/ (Loss) before tax and after extraordinary Items				17.00	13.00	24.07
	Tax expense	13.00	4.00	1.00
	a Corrrentiax				17.00	13.00	24.07
	b. Deferred tax	3.00	1.00
	Profit / (Loss) for the period				4.00	2.00	8.82
		10.00	3.00
	Other Comprehensive Income			1.00	13.00	11.00	15.25
	(i) Items that will not be reclassified to profit or loss:
	(a) Remeasurement of the net defined benefit liabilities/
	(b) Equity instruments through other comprehensive
	(ii) income tax relating to items that will not be reclassified to
	or loss
	Other Comprehensive Income for the period
	Total Comprehensive Income for the period
		10.00	3.00	1.00
	Pard up Equity share capital of ₹ 10/- each	57.00			13.00	11.00	15.25
	Other Equity		57.00	57.00	57.00
	Earnings Per Share (₹ 10/-each) (not annualised)					57.00	57.00
	a)Basic #						92
	ajDiluted 2	1.75	0.531	0.18
		1.75	0.531	0.18	7.28	198	2.67
					2.28	1.98	267

$|_{12}$ l
Herman

Anticalal

MPIL CORPORATION LIMITED

Registered Office: Udyog Bhavan, 29 Walchand Hirachand Marg, Ballard Estate, Mumbai- 400 001 Website: www.mpicorporation.com Email: cs@mpilcorporation.com Tel: 022 22622315

CIN: L74299MH1959PLC163775

	Particulars		(₹ Lacs)
		30.09.2021	31.03.2021
$\Lambda$	IASSETS	Un audited	Audited
	Non Current Assets
	(a) Property, plant and equipments
	(b) Other Non Currents assets	166.17	173.13
	Total non current assets	1,758.16	1,746.53
	Current Assets	1,924.33	1.919.66
	Financial assets
	(a) Current investments
	(b) Cash and Cash Equivalents	134.02	134.02
	(c.) Short Term Loans and Advances	2.58	1.64
	Other Current Assets	65.19	56.92
	Total Current Assets	5.87	6 24
		207.66	198.82
B.	TOTAL
	EQUITY AND LIABILITIES Equity	2,131.99	2,118.48
	(a) Equity Share Capital (b) Other Equity
	Total Equity	57.16 1,470.72	57.16
	Non Current Liabilities	1,527.88	1,458.08
	Borrowings- Vehicle loan from Bank		1,515.24
	Current Liabilities	15.81
	(a) Trade Payables		18.89
	(b) Other Financial Liabilities	34:99
	(c) Short Term Provisions	535.03	28.75
	Total Current Liabilities	18.28	538.90
		588.30	16.70 584.35
OTES:	TOTAL	2,131.99	2,118,48

INOTES:

BALANCE SHEET

real.
The above financial results after being reviewed by the Audit Committee, were approved and taken on record by the Board of Directors of the Company at its meeting held $\mathbf{1}$ on November 09, 2021. These results have been subjected to Limited Review carrived out by the Statutory Auditors

2 Other Operating Income comprise Income from business support services.

3 There were no investor complaints pending at the beginning of the quarter. During the quarter, no investor complaints were received and there were no investor

4 This statement has been prepared in accordance with the companies (Indian Accounting Standards) Rules, 2015 (IND AS) prescribed under section 133 of the Companies יירו בכבר מספרת היה שפה שיפורים וכשירות המשפחה של השומש למוסדת המשפחה של המשפחה של המשפחה היה של המשפחה היה הי
Act, 2013 read with Rule 3 of the Companies (indian Accounting Standard) Rule, 2015 and Companies (Indian Acco

5 The above results are available on the Company's website at www.mpilcorporation.com.

Place: Mumbai Date:November 09, 2021

For MPIL Corporation (imited Hornes $\sqrt{2}$

Veena Milan Dalal Whole Time Director
DIN: 00062873

Particulars			Rs. In lacs
		Half Year ended September 30, 2021 UnAudited	Year ended March 31, 2021 Audited
A. Cash Flow from Operating Activities		y
Profit/(Loss) before tax
Non-Cash Adjustments to reconcile profit before tax to net cash flows. Expreciation		17	24
Profit on Sale of fixed assets		7	14
Net Gain on Financial Asset Remeasured at FVPL
Interest Income			$-11$
Operating Profit/(Loss) before Working Capital changes		$-61$	$-117$
Movements in working capital:		$-37$	$-80$
Increase/ (Decrease) in Trade Payables
Increase/(Decrease) in Short-Term Provisions		$i$
Increase/ (Decrease) in Other Current Liabilities	$\gamma$	$\bar{\Omega}$
(Increase)/Decrease in Long-Term Loans and Advances	$-1$	$-6303$
(Increase)/Decrease in Short-Term Loans and Advances	$-12$	$-221$
(Increase)/Decrease in Other Current Assets		$-8$	325
Cash used in Operating Activities Direct taxes paid/(refund) Net Cash used in Operating Activities (A)
		$-53$	$-73$
		4	日
B. Cash Flow from Investing Activities Purchase of Current Investments		$-57$	$-82$
Proceeds from sale of Current Investments Sale of Fixed assets
Purchase of Fixed Assets
Interest Received			$-21$
Net Cash generated from Investing Activities		61	117
C. Cash Flow from Financing Activities	(B)	61	96
Vehicle loan
Dividend paid		$-3$	$-6$
Net Cash used in Financing Activities		$-4$
Net Increase / (Decrease) in Cash and Cash Equivalents $(A+B+C)$	-3	$-14$
Cash and Cash Equivalents at the Beginning of the Year	$\mathbf{1}$	$\sqrt{ }$
Cash and Cash Equivalents at the End of the Year	$\overline{2}$
Vintesc		3

MPIL CORPORATION LIMITED CASH FLOW STATEMENT FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2021

Notes:

1. The above Cash Flow Statement has been prepared by using the Indirect Method as set out in Ind AS-7 - Statement of Cash 2 Provious year's figures have been regrouped/reclassified, wherever necessary.

ov a

VEN

$\mathrm{For}\,\mathrm{MPI}_{p}\mathrm{Corpo}$

Veena Dalal Whole Time Director DIN: 00062873

For M D Pandya & Associates Chartered Accountants $A$ $D$ $P$ ^$p$ $p$ ndya Partner

Mem. No: 033930