NEELKANTH LIMITED — Interim / Quarterly Report 2021

Feb 13, 2021

RT EXPORTS

Date: 13^th February, 2021

To, The Manager (Listing) Corporate Relationship Dept BSE Limited P J Tower. Dalal Street, Mumbai - 400 001

Scrip Code:- 512565

Dear Sir/ Madam,

Sub: - Outcome of the Meeting of the Board of Directors of the Company held on 13th February, 2021.

With reference to the above, we hereby inform you that the Board of Directors in their meeting held on today i.e 13^th February, 2021 have approved the un-audited financial results along with Limited Review Report thereon given by the Statutory Auditors for the quarter ended 31^st December, 2020 and the same are enclosed herewith alongwith press release.

The meeting of the Board of Directors commenced at 05:00 p.m. and concluded at 21:25 p.m.IST.

Also, with the financial results as above having been communicated to the stock exchange, the Trading Window shall open w.e.f. 17th February, 2021.

Request you to kindly take the above on record and oblige.

Thanking you,

For R.T. Exports Limited

Mitali Shah Company Secretary

Encl. As above

RT EXPORTS

Date: 13th February, 2021

To, The Manager (Listing) Corporate Relationship Dept BSE Limited P J Tower, Dalal Street, Mumbai - 400 001

Scrip Code:- 512565

Dear Sir/ Madam,

Sub: - Submission of Document under clause 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 for the quarter ended 31^st December, 2020.

In terms of Clause 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 Please find enclosed herewith copy of un-audited results and Limited Review Report for the quarter ended 31^st December, 2020.

This is for your information and record.

Thanking you,

For R.T. Exports Limited

Mitali Shah Company Secretary

Encl. As above

Independent Auditor's Review Report on Unaudited Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

To,

The Board of Directors of

R. T. EXPORTS LIMITED

• 1. We have reviewed the accompanying Statement of Unaudited Financial Results of R. T. Exports Limited ("the Company") for the quarter and nine month ended 3151December 2020, ("the statement"), attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("the Regulation"), as amended.
• 1. 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 principles laid down in Indian Accounting Standard 34, Interim Financial Reporting (Ind AS 34) as prescribed under section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to issue ^a report on the statement based on our review.
• 1. We conducted our review of the Statement in accordance with the Standard on Review Engagement (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 is limited primarily to inquires of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not 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 of unaudited financial results, prepared in accordance with applicable accounting standards and other recognized accounting practise and policies 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 Pathak H.D. & Associates LLP Chartered Accountants Registration No. 107783W 1W 100593

Gopal Chaturvedi Partner Membership No. 090903 UDIN: 21090903AAAABB6177

Place: Mumbai Date: 13th February, ²⁰²¹

l R.T. EXPORTS LTD.

RTHfORn? REGO OFFICE : 508, Dalamal House, Jamnalal Bajaj Road, Nariman Point, Mumbai· ⁴⁰⁰⁰²¹ CIN:- l51900MH1980PLC022582

Tel :- 91-22-40813000 Email :· headoffice@neelkanthrealty.com web site :- www.rtexports.com

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31ST DECEMBER, 2020

							(Rs. In Lakhs)
Sr.		Ended Quarter			Months Nine	Year Ended
No.	Particulars	31.12.2020	30.09.2020	31.12.2019	31.12.2020	31.12.2019	31.03.2020
		Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
1	Income:
	(a) Revenue From operation			105.77		207.17	270.38
	(b) Other Income					13.40	17.49
	Total Income			105.77		220.57	287.87
2	Expenses:
	(a) Purchase of Stock in Trade			80.95		162.30	223.28
	goods, work-in-progress (bl Changes in inventories of finished and stock-in-trade
	(c) Employee benefits expense	3.12	2.50	5.23	7.12	15.68	15.23
	(d) Finance Costs	1.45	1.45	1.42	4.36	2.54	3.95
	(e) Depreciation	2.60	2.60	2.71	8.63	7.21	9.89
	(f) Other expenses	8.05	3.56	4.13	14.06	20.21	27.82
	Total Expenses :	15.22	10.11	94.44	34.17	207.94	280.17
3	Profit/(Loss) before tax	(15.22)	(10.11)	11.33	(34.17)	12.63	7.70
4	Tax Expenses
	(a) Current Tax						0.75
	Tax (credit) (b) Deferred				-
5	Profit/(Loss) for the year/period	(15.22)	(10.11)	11.33	(34.17)	12.63	6.95
6	Comprenhensive Other Income
	that will not be reclasified to profit and loss account Items
	of net defined benefit plan Remeasurement			0.30		0.88	·-
	Total Comprehensive Income	(15.22)	(10.11)	11.63	(34.17)	13.51	6.95
7	Rs.10/·) Paid up Equity Share capital (Face value per share	435.90	435.90	435.90	435.90	435.90	435.90
8							494.69
	Other equity excluding Revaluation Reserve
9	(EPS) Earnings per Equity Share				""
	(a) Basic	(0.35)*	(0.23)*	0.26*	(0.78)*	0.29*	0.1£
	(b) Diluted	(0.35)*	(0.23)*	0.26*	(0.78)*	0.29*	0.16
	• Not Annualised

I R.T. EXPORTS LIMITED

RT?X?ORT? ? REGO OFFICE : 508, Dalamal House, Jamnalal Bajaj Road, Nari man Point, Mumbai - ⁴⁰⁰⁰²¹ CIN:- L51900MH1980PLC022582

Tel :- 91-22-40813000 Email :- headoffice@neelkanthrealty.com web site :- www.rtexports.com

UNAUDITED SEGMENT INFORMATION FORTHE QUARTER AND NINE MONTHS ENDED 31ST DECEMBER, ²⁰²⁰

							(Rs. In Lakhs)
Sr.	Particulars	Quarter Ended			Nine Months Ended		Ended Year
No.		31.12.2020	30.09.2020	31.12.2019	31.12.2020	31.12.2019	31.03.2020
		Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
1	Revenue(Net) Segment
	(a) Segment - Agro	-	-	105.77	-	207.17	270.38
	(bl Segment - Others	-	-	-	-	-	-
	Total Income	-	-	105.77	-	207.17	270.38
2	Results ( Profit(+) I Loss(-) before and Segment tax Interest
	from Each Segment)
	(a) Segment - Agro	(0.50)	(0.50)	24.22	(1.49)	42.98	44.60
	(bl Segment - Others	-	-	-	-	-	-
	Total:-	(0.50)	(0.50)	24.22	(1.49)	42.98	44.60
	Less :- i) Interest	1.45	1.45	1.42	4.36	2.54	3.95
	ii) Other Unallocable Expenditure net off unallocable
	income	{13.27)	(8.16)	(11.47)	(28.32)	{27.81)	(32.95)
	I (Loss) before Total Profit Tax	{15.22)	{10.11)	11.33	(34.17)	12.63	7.70
3	Segment Assets
	(a) Segment - Agro	91.69	92.19	172.46	91.69	172.46	93.18
	(bl Segment - Others	2,350.23	2,350.23	2,352.19	2,350.23	2,352.19	2,350.23
	(c) Unallocated	94.94	97.84	107.83	94.94	107.83	100.74
	Total Segment Assets	2,536.86	2,540.26	2,632.48	2,536.86	2,632.48	2,544.15
4	Segment Liabilities
	(a) Segment - Agro	-	-	80.96	-	80.96	-
	(b) Segment - Others	-	-	-	-	-	-
	(c) Unallocated	1,640.44	1,628.62	1,614.37	1,640.44	1,614.37	1,613.56
	Total Segment Liabilities	1,640.44	1,628.62	1,695.33	1,640.44	1,695.33	1,613.56

R. T. Exports Limited

Notes to Unaudited Financial Results:-

• 1. The Audit Committee has reviewed the above results and the Board of Directors has approved the above results at their meeting held on 13th February, 2021. The Statutory Auditor of the company have carried out the limited review for the quarter and nine month ended 31st December, 2020.
• 1. Board of directors in their meeting held on September 20, ²⁰¹⁸ approved scheme for reduction of share capital of the Company whereby its issued and paid up preference share capital amounting to Rs.1495.42 Lakh (divided into 7,00,000 9% cumulative preference shares of 100 each and 7,95,415 6% non-cumulative preference shares of Rs.100 each) is proposed to be reduced. Honourable National Company Law Tribunal, Mumbai bench delivered order on 16.12.2020 confirming reduction of share capital however the certified true copy of order is yet to be received, therefore the Company could not file requisite form with MCA to make this scheme effective therefore no accounting treatment is given for the same in above results.
• 1. As per Indian Accounting Standard ¹⁰⁸ 'Operating Segment', the Company has reported 'Segment Information' as described below: Two business segments have been identified: Agro products representing Trading of Rice and others (including services and rent).

The assets and liabilities that cannot be allocated between the segments are shown as unallocable assets and liabilities respectively.

1. The figures for the previous period / year have been re-grouped I re-arranged, wherever necessary, to correspond with the current period's classification / disclosure.

For and on behalf of Board of Directors of

)7ifjrts Limited ..._

Bhavik Bhimjyani Chairman & Managing Director DIN No.: 00160121

Place: Mumbai Date: 13th February, 2021

I

.4. R.T. EXPORTS LIMITED

RTHPORH? REGO OFFICE: 508, Dalamal House, jamnalal Bajaj Road, Narirnan Point, Mumbai - ⁴⁰⁰⁰²¹ CIN :-I51900MH1980PLC022582, TEL:- ⁰²² -4081-3000

headoffice@neelkanthrealty.com Tel:- 91-22-40813000 Email:- web site:- www.rtexports.com
FINANCIAL RESULT FOR THE QUARTER AND EXTRACT OF UNAUDITED MONTHS NINE ENDED 31ST DECEMBER, 2020
(Rs. In Lakhs share data) except per
Particulars	Quarter Ended	Nine Months Ended	Quarter ended
	31.12.2020	31.12.2020	31.12.2019
	Unaudited	Unaudited	Unaudited
operations (net) Total income from	-	-	105.77
Profit/ (Loss)for the period (before Tax Net and Exceptional items)	(15.22)	(34.17)	11.33
Profit/ (Loss) for the period before Net (after Exceptional items) tax	(15.22)	(34.17)	11.33
Profit/ (Loss) for the period after (after Exceptional items) Net tax	(15.22)	(34.17)	11.33
Comprehensive Income Total for the period (Comprising Protit/ (Loss) tor the period (after tax) Comprehensive Income (after tax)] and other	(15.22)	(34.17)	11.63
Equity Share Capital	435.90	435.90	435.90
(excluding Revaluation Reserves Reserve shown in the Audited Balance sheet of as previous year)	-	-	-
Earnings Per Share (EPS)(of Rs.10/- each) (not annualised)
Basic:	(0.35)	(0.78)	0.26
Diluted:	(0.35)	(0.78)	0.26

Note:

1) The above is an extract of the detailed format of Unaudited Financial Results for quarter and ?ine months ended on 31st December ²⁰²⁰ filed with tne Stock Exchanges under Regulation ³³ of the SEBI (Listing Obligations and Disclosure Req!-!1rements)Regulations, 2015. The Full format of the unaudited Financial Results for the quarter and nine months ended on 31st December ²⁰²⁰ are available on the Stock Exchnage website (www.bseindia.com) and the Company website (www.rtexports.com).

2) The financial results have been prepared in accordance with Indian Accounting Standards (Ind-AS) as notified under the Companies (Indian Accounting Standards) rules, 2015 as specified under section 133 of the companies act, 2013.

3) The above results have been reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on 13th February, 2021.

R.T. EXPORTSLIMITED ?PO /(;J ? ..................... -1>;- ,.... :, '\ ^{r M} (J)

By order of the Board

^I ·1 iUtwe lr- ll'..\ 'A!_J-;i . /C, ..... ___ .,,. ,?' Bha?1kBhlmjyani * ? Chairman & Managing Director -

Date : 13th February, 2021 DIN: 00160121 Place: Mumbai