MUNOTH COMMUNICATION LIMITED — Interim / Quarterly Report 2024

Aug 14, 2023

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August 14, 2023

M/s. Bombay Stock Exchange Limited, Phiroze Jheejeebhoy Towers, Dalal Street, Mumbai- 400 001

Dear Sir,

Sub: Outcome of the Board Meeting Scrip Code: 511401

The Board of Directors of the Company in its meeting held on 14[th] August 2023 has considered and approved Unaudited financial results (both standalone and consolidated) of the Company for the first quarter ended 30[th] June 2023. The meeting commenced at 12:00 PM and concluded at 2:00 PM.

Pursuant to Regulation 33 of the SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015, we are enclosing herewith the Unaudited financial results (both standalone and consolidated) for the first quarter ended 30[th] June 2023 along with copy of Limited Review Report issued by statutory auditors of the Company.

Kindly take the same on records.

Thanking you,

Yours faithfully,

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MUNOTH COMMUNICATION LIMITED
Regd. Office: Suite No. 48, Munoth Centre,3rd floor,
343, Triplicane High Road, Chennai - 600 005
UNAUDITED FINANCIAL RESULTS FOR THE FIRST QUARTER ENDED 30.06.2023 (STANDALONE) (Rs.in 'Lakh)
Previous Corresponding
3 months ended 3 months ended in Year ended
Sr. 3 months ended
No. Particulars 30/06/2023 31/03/2023 the previous year 31/03/2023
(Unaudited) 30/06/2022 (Audited)
(Audited)
(Unaudited)
Income
I Revenue from operations 0.00 0.00 0.00 0.00
II Other Income 0.00 0.00 0.00 0.02
III Total Revenue 0.00 0.00 0.00 0.02
IV Expenses
Purchase of stock in trade 0.00 0.00 0.00 0.00
Cost of material consumed 0.00 0.00 0.00 0.00
Increase/ Decrease in stock in trade
and WIP 0.00 0.00 0.00 0.00
Employee Benefit Expenses 2.40 2.76 2.02 8.80
Depreciation and amoritsation
Expenses 0.84 0.78 0.69 2.85
Finance Cost 2.92 2.89 4.74 18.94
Other Expenses 2.37 73.89 3.04 84.29
Total 8.53 80.32 10.49 114.88
Profit /(Loss) from Ordinary activities
before exceptional items and tax (III-
V IV) (8.53) (80.32) (10.49) (114.86)
VI Exceptional items 0.00 0.00 0.00 0.00
Profit /(Loss) from Ordinary
VII activities before tax (V-VI) (8.53) (80.32) (10.49) (114.86)
VIII Tax Expenses
Current Tax 0.00 0.00 0.00 0.00
Defferred tax 0.27 0.18 0.00 0.18
Net Profit/(Loss) for the period after
IX tax (VII-VIII) (8.80) (80.50) (10.49) (115.04)
X Other Comprehensive Income (OCI) (52.96) 838.00 (15.36) 865.51
XI Total Comprehensive Income (IX+X) (61.76) 757.50 (25.85) 750.47
Paid-up equity share capital (Face
XII Value of Rs.10/- each) 964.94 964.94 964.94 964.94
Reserves excluding Revaluation
XIII Reserves 0.00 0.00 0.00 469.25
Earnings Per Share (EPS) of Rs. 10/-
XIV each (Basic & Diluted)
Basic (0.09) (0.83) (0.11) (1.19)
Diluted (0.09) (0.83) (0.11) (1.19)
NOTES
1. The above unaudited standalone financial results have been reviewed and recommended by the Audit Committee and approved by the Board of
Directors in their meeting held on August 14, 2023.
2. This statement has been prepared in accordance with Company's (Indian Accounting Standards) Rules, 2015 (IND-AS), prescribed under Section
133 of the Companies Act, 2013 and the recognised accounting practices and policies to the extent applicable.
3.This statement includes unaudited financial results of the Company for the quarter ended 30th June 2023 & 30th June 2022 along with the audited
financial results for the quarter ended 31st March 2023 & year ended 31st March 2023. The unaudited financial results are subject to limited review
by auditors.
4. Segment wise reporting is not applicble as the company operates in single segment, viz; Selling and distribution of mobile phones and accessories.
5. During the period April 2023- June 2023 the Company has not received any complaints from any shareholders/investors. '
6. Previous years figures have been regrouped wherever necessary.
7. Additional disclosure pursuant to Regulation 52 of SEBI (LODR) Regulations, 2015 for the year ended 31st March 2023:
a. Debt Equity Ratio : 0.12 (in times)
b. Debt Service Coverage Ratio : (1.02) (in times)
c. Interest Service Coverage Ratio : (5.06) (in times)
d. Networth : Rs. 1464.38 Lakh
e. Earnings per share : (1.19)
f. Current Ratio : 0.40 (in times)
g. Current liability ratio : 0.40 (in times)
h. Total debts to total assets : 0.22 (in times)
FOR MUNOTH COMMUNICATION LIMITED
Place: Chennai JASWANT MUNOTH
Date:14.08.2023 MANAGING DIRECTOR
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MUNOTH COMMUNICATION LIMITED
Regd. Office: Suite No. 48, Munoth Centre,3rd floor,
343, Triplicane High Road, Chennai - 600 005
UNAUDITED FINANCIAL RESULTS FOR THE FIRST QUARTER ENDED 30.06.2023 (CONSOLIDATED) (Rs.in Lakh)
Previous Corresponding
3 months ended 3 months ended in Year ended
Sr. 3 months ended
No. Particulars 30/06/2023 31/03/2023 the previous year 31/03/2023
(Unaudited) 30/06/2022 (Audited)
(Audited)
(Unaudited)
Income
I Revenue from operations 0.00 0.00 0.00 0.00
II Other Income 0.00 0.00 0.00 0.02
III Total Revenue 0.00 0.00 0.00 0.02
IV Expenses
Purchase of stock in trade 0.00 0.00 0.00 0.00
Cost of material consumed 0.00 0.00 0.00 0.00
Increase/ Decrease in stock in trade
and WIP 0.00 0.00 0.00 0.00
Employee Benefit Expenses 2.58 2.76 2.02 8.80
Depreciation and amoritsation
Expenses 0.84 0.78 0.69 2.85
Finance Cost 2.92 2.89 4.74 18.94
Other Expenses 2.19 73.89 3.04 84.29
Total 8.53 80.32 10.49 114.88
Profit /(Loss) from Ordinary
activities before exceptional items
V and tax (III-IV) (8.53) (80.32) (10.49) (114.86)
VI Exceptional items 0.00 0.00 0.00 0.00
Share of profits from Associates
accounted for using equity method
VI a 0.00 (0.52) 0.00 (0.52)
Profit /(Loss) from Ordinary
VII activities before tax (V-VI) (8.53) (80.84) (10.49) (115.38)
VIII Tax Expenses
Current Tax 0.00 0.00 0.00 0.00
Defferred tax 0.27 0.18 0.00 0.18
Net Profit/(Loss) for the period
IX after tax (VII-VIII) (8.80) (81.02) (10.49) (115.56)
X Other Comprehensive Income (OCI) (52.96) 838.00 (15.36) 865.51
Total Comprehensive Income
XI (IX+X) (61.76) 756.98 (25.85) 749.95
Paid-up equity share capital (Face
XII Value of Rs.10/- each) 964.94 964.94 964.94 964.94
Reserves excluding Revaluation
XIII Reserves 0.00 0.00 0.00 476.86
Earnings Per Share (EPS) of Rs.
XIV 10/- each (Basic & Diluted)
Basic (0.09) (0.84) (0.11) (1.20)
Diluted (0.09) (0.84) (0.11) (1.20)
NOTES:
1. The above unaudited consolidated financial results have been reviewed and recommended by the Audit Committee and approved by the Board of Directors in their
meeting held on August 14, 2023.
2. This statement has been prepared in accordance with Company's (Indian Accounting Standards) Rules, 2015 (IND-AS), prescribed under Section 133 of the
Companies Act, 2013 and the recognised accounting practices and policies to the extent applicable.
3.This statement includes unaudited financial results of the Company for the quarter ended 30th June 2023 & 30th June 2022 along with the audited financial results
for the quarter ended 31st March 2023 & year ended 31st March 2023. The unaudited financial results are subject to limited review by auditors.
4. Segment wise reporting is not applicable as the company operates in single segment, viz; Selling and distribution of mobile phones and accessories.
5. During the period April 2023- June 2023 the Company has not received any complaints from any shareholders/investors. '
6. Previous years figures have been regrouped wherever necessary.
7. Additional disclosure pursuant to Regulation 52 of SEBI (LODR) Regulations, 2015 for the year ending 31st March 2023:
a. Debt Equity Ratio : 0.12 (in times)
b. Debt Service Coverage Ratio : (1.09) (in times)
c. Interest Service Coverage Ratio : (5.09) (in times)
d. Networth : Rs. 1471.99 Lakh
e. Earnings per share : (1.20)
f. Current Ratio : 0.40 (in times)
g. Current liability ratio : 0.40 (in times)
h. Total debts to total assets : 0.22 (in times)
FOR MUNOTH COMMUNICATION LIMITED
Place: Chennai JASWANT MUNOTH
Date:14.08.2023 MANAGING DIRECTOR
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Kumbhat & Co Chartered Accountants

5th Floor, Kumbhat Complex 29, Ratan Bazaar, Chennai - 600 003 Phone: 044 25358720/42160995/25352729 chennai@kumbhatco.in

Chennai Coimbatore Bangalore Mumbai

Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Standalone Financial Results of Munoth Communication Limited Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

Review Report to The Board of Directors, Munoth Communication Limited

1. We have reviewed the accompanying statement of Unaudited Standalone Financial Results of Munoth Communication Limited (the "company" or "MCL") for the quarter and three months period ended 30[th] June 2023 (the "Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the 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 in their meeting held on August 14, 2023 has been prepared in accordance with the recognition and measurement 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 thereunder and other accounting principles generally accepted in India and in compliance with Regulations. Our responsibility is to express a conclusion on the statement based on our review.

3. 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. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the statement is free of material misstatement. 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

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obtain assurance that we would become aware of all significant matters that might be identified in

an audit. Accordingly we dont 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, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting standards ("Ind AS") specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For Kumbhat &Co, Chartered Accountants Firm Regn.:001609s

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M.V.Chandramouleeswaran Partner Membership No. 202629 UDIN: 23202629BGWCQG4707

Place: Chennai Date: 14.08.2023

Kumbhat & Co Chartered Accountants

5th Floor, Kumbhat Complex 29, Ratan Bazaar, Chennai - 600 003 Phone: 044 25358720/42160995/25352729 chennai@kumbhatco.in Chennai Coimbatore Bangalore Mumbai

Independent Auditor’s Review Report On consolidated unaudited quarterly and year to date financial results of MUNOTH COMMUNICATION LIMITED Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended

Review Report to The Board of Directors, Munoth Communication Limited

1. We have reviewed the accompanying statement of Unaudited Consolidated Financial Results of Munoth Communication Limited (the " parent company" or "MCL") and its Associate Company-CFORE Telecom Limited (ASSOCIATE) for the quarter and three months period ended 30[th] June 2023 (the "Statement") attached herewith, being submitted by the Parent Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations").

2. This Statement, which is the responsibility of the Parent Company's Management and approved by the Company's Board of Directors in their meeting held on August 14, 2023, has been prepared in accordance with the recognition and measurement 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 thereunder and other accounting principles generally accepted in India and in compliance with Regulations. Our responsibility is to express a conclusion on the statement based on our review.

3. 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. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the statement is free of material misstatement. 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 dont 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:

MUNOTH COMMUNICATION LIMITED CFORE TELECOM LIMITED

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1. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the branch auditors and other auditors referred to in paragraph 7 below, nothing 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.

2. The consolidated unaudited financial results also include the Group’s share of net profit/(loss) after tax of Rs.0/- for the quarter ended 30.06.2023 as considered in the consolidated unaudited financial results, in respect of 1 associate whose interim financial statements /financial information/financial results have not been reviewed by us. These interim financial statements / financial information / financial results have been reviewed by other auditor whose reports have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to other amounts and disclosures included in respect of the associate, is based solely on the reports of the other auditor and the procedures performed by us as stated in paragraph 3 above.

3. The consolidated unaudited financial results includes the Group’s share of net profit/(loss) after tax of Rs.0/- for the quarter ended 30.06.2023 as considered in the consolidated unaudited financial results, in respect of 1 associate, based on their interim financial statements/financial information/financial results which have not been reviewed/audited by their auditors. According to the information and explanations given to us by the Management, these interim financial statements / financial information / financial results are not material to the Group.

Opinion

1. Based on our review, conducted and procedures performed as stated in paragraph 3 above, nothing 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.

For Kumbhat &Co, Chartered Accountants Firm Regn.:001609s

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M.V.Chandramouleeswaran Partner Membership No. 202629 UDIN: 23202629BGWCQD1133

Place: Chennai Date: 14.08.2023