Nilkanth Engineering Ltd. — Interim / Quarterly Report 2023

Nov 9, 2023

NILKANTH ENGINEERING LIMITED

CIN NO: L27300MH1983PLC029360 Regd. Office: 407, Kalbadevi Road, Daulat Bhawan, 3° Floor, Mumbai — 400 002 Tai.: 2200 0630, Email : nilkanthengineeringltd @ gmail.com Website : www.nilkanthengineering.co.in

9 November, 2023

Dept. of Corporate Services(CRD) BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street Mumbai 400 001

Dear Sir,

Ref : Scrip Code : 512004

Subject : Outcome of the Board Meeting held on November 9, 2023 - Un-audited Financial Results for the Second Quarter and Half Year ended 30 September, 2023

Pursuant to Regulation 33 of the SEBI ( Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations), we enclose herewith the following:

1. Un-audited Financial Results (Standalone and Consolidated) of the Company for the Second Quarter and Half Year ended September 30, 2023

The above Un-audited Financial Results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held today.

1. Limited Review Report on the aforesaid Financial Results duly issued by M/s PKJ & Co,, Statutory Auditor of the Company.

The Meeting of the Board of Directors commenced at 202 Pig concluded at ---

You are requested to take the same on your record.

Thanking You.

Yours faithfully, For aw LIMITED

: Ay 1 Ss Re i Managing Director (DIN-08186528)

	Regd. Office : 407, Kalbadevi Road, Daulat Bhavan, 3rd Floor , Mumbai - 400 002	CIN : L27300MH1983PLC029360		ITED
	Unaudited Standalone Financial Results
			E-mail: nilkanthengineeringltd@gmail.com	for the quarter and half year ended 30th September, 2023
			Quarter Ended		Half Year Ended		Figures % in Lacs except EPS Year Ended
Sr. No,	Particulars	30,09,20; Unau	30.06.2023	30.09.2022 Unaudited Unaudited Unaudited Unaudited	30.09.2023	30.09.2022	31.03.2023 Audited
1	Revenue from Operations	x 4.20	* 3.96	: 4.08	= 8.16	=i 8.15	: 16.55
3	2 Other Income Total Income (1 + 2)	4.20	3.96	4.08	8.16	8.15	16.55
4	Expenses a) Cost of materials consumed	=	2	cs =	2	i sy	:
	b) Purchases of stock-in-trade	:	-	-	-	-	-
	c) Changes in inventories of finished goods work-in-progress	-	_- :	- -	: =	= ==)	- -
	d) Employee benefits expenses e) Depreciation and amortisation expenses	4.38 10.47	3.73 10.37	5.24 12,13	8.11 20.84	8.60 24.12	16.22 48.10
	f) Finance costs	-		-	:		-
	g) Other ex Total expenses	2.48 17.34	2.43 16.53	2.10 19.47	4.91 33.87	6.79 39.51	12.16 76.49
	5 _ Profit/ (Loss) before exceptional items (3 - 4)		(13.14)[—«(12.57)]	(15.39)	(25.71)	(31.36) =	-
6 7	Exceptional Items Profit/ (Loss) before tax (5-6)	- (13,14)	- (12.57)	- (15.39)	(25.71)	(31.36)}
8	Taxexpense : ~ Current year's Tax	eo	pee	i ona	-	=; atu
	- Deferred Tax	(15.25)	a	cies	(15.25)	=	-
9	- Earlier year's tax adjustments Net Profit / (Loss) from ordinary activities after tax (7 - 8)	2.14	eg (12.57)	0.04 (15.35)	- (10.46)	0.04 (34.32)	(0.04)
	10 Other Comprehensive Income items that will be reclassified to profit orloss = Hems that will not be reclassified to profit or loss	-	a Sa i ;	RE is 2	-	- re	(59.94) (59.94) (59.90)
	Actuarial Gain / (Loss) _		(0.12), == 0.26] =	(0,62)	0.14	0.17	0,14
	Fair Value measurement on Investments Tax on above — cL ni ; ; f	154.16 1.83	(128.95) :	6.68	25.21 1.83	3.12 :	(9.90) :
11	Total Comprehensive Income for the period (net of tax)	157.97	(141.26)	(9.29)	16.71	(28.03)	(69.65)
13	12 Paid-up equity share capital (Face Value © 10/- per share) Reserves excluding Revaluation Reserves	124.50	124.50 ut LE	124.50	124.50	124.50	124.50 (349.98)
14	Earning per share (EPS) (of © 10/- each) {nol annualised) :			ui i		;

[STANDALONE STATEMENT OF ASSETS AND LIABILITIES AS AT 30 SEPTEMBER, 2023			(@ in Lacs)
PARTICULARS	As At 30.09.2023 (Unaudited) (Unaudited)	As At 30.09.2022	As At 31.03.2023 (Audited)
ASSETS
1. Non-Current Assets
a) Property, Plant and Equipment	584.65	629.48	605.49
b) Financial Assets
i. Investments	586.47	657.13	634.88
ii Other Financial Assets	7.35	10.55	8.67
c) Deferred Tax Assets (Net)	17.08	-	3
	1,195.55	1,297.16	1,249.04
2. Current Assets
a) Financial Assets. i. Cash and Cash Equivaients	76.87	2.16	9.68
b) Other Current Assets	2.21	0.83	0.59
c) Current Tax Assets (Net)	24.11	23.93	23.27
	103,19	26.92	33.55
TOTAL - ASSETS	1,298.73	1,324.09	1,282.59
EQUITY AND LIABILITIES 1. Equity
a) Equity Share Capital	124.50	124.50	124.50

ITED

b) Other Equity	333.27 ee	308.35 (183.85)
2. Liabilities
Non-Current Liabilities
a) Provisions	5.88	5.04
3. Current Liabilities
a) Financial Liabilities
i. Other Financial Liabilities	1,500.00	1,500.00
b) Other Current Liabilities	1.60	2.88
c) Provisions	0.02 1,501.61	0.02 1,502.90	(349.98) (225.48) 4,500.00 1,502.55

Notes: ot an J - — ; 4 These Unaudited Consolidated and Standalone Financial Results for the quarter and half year ended 30th September, 2023 have been reviewed by the Audit Committee and subsequently approved at the meeting of the Board of Directors held on 9th November, 2023.

⁹'The Statutory Auditors of the Company have carried out a Limited Review of the results for the quarter and half year ended September 30, 2023 and have issued an unqualified review report.

⁴This statement has been prepared in accordance with companies (Indian Accounting Standards) Rules, 2015 (Ind AS), prescribed under section 133 of the Companies Act, 2013 and other recognised accounting practices and policito ethe s extent applicable.

⁴The Company operates mainly in the business segment of fund based leasing & financing activity. All other activities revolve around the main business. Further, all activities are carried out within India, As such, there are no separate reportable segments as per the provisions of IND AS 108 on 'Operating Segments'.

⁵Figures of the corresponding previous period have been regrouped wherever necessary." _

Place : Mumbai Managing Director Dated - 9th November, 2023

For Nilkanth Engi

in rwal DIN: 08186528

Office No. 002, Gulmohar Complex, Pp K J & CO . Opp. Anupam Cinema, ae - Goregaon (East), Murnbai-4 ; Chartered iAeoounighls Tel. io. - 2686 5205 / ^9819472226 E-mail : padam,jain @ pkjca.com

UDIN : 230710268BGZEKX4388

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

Review Report to, The Board of Directors, Nilkanth Engineering Limited

• 1. We have reviewed the accompanying statement of unaudited standalone financial results of Nilkanth Engineering Limited (the 'Company') for the quarter/haif year ended September 30, 2023 (the "Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEB! (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('the Regulation') as amended.
• hm The preparation of the Statement 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, read with the Circular is [he responsibility of the Company's management and has been approved by the Board of Directors of the Company. Our responsibility is to express a conclusion on the Statement based on our review.
• 1. 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 [nsritute ot 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 1s 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.
• 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 dawn in the applicable Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, ²⁰¹³as amended, read with relevant rules issued thereunder and other recognised accounting practices and policies has not disclosed the information required to be disclosed in terms of the Regulation, read with the Circular, including the manner in which itis to be disclased, or that it contains any material misstatement,

Co —<—~ PKI & CO.

For and on bebalf of r "\, Chartered Accountants \Firm Regn No. 4241 15W 4 ~ 4

Place : Mumbai — Partner Dated : November 9, 2023 Membership No. ⁰⁷¹⁰²⁶

(Pa 1 Jain)

	NILKANTH ENGINEERING LIMITED
		CIN: L27300MH1983PLC029360
	Regd. Office: 407, Kalbadevi Road, Daulat Bhavan, 3rd Floor, Mumbal - 400 002
	E-mail: nilkanthengineeringitd@gmail.com
	Unaudited Consolidated Financial Results for the quarter and half year ended 30th September, 2023					Figures & in Lacs except EPS
	Figures & in Lacs except EPS		Quarter Ended		Half Year Ended 30.09.2023	30.09.2022	Year Ended 31.03.2023
Sr. No.	Particulars	30.09.2023 Unaudited	30.06.2023 Audited	30.09.2022 Unaudited	Unaudited	Unaudited	Audited
					$\sim$
1	Revenue from Operations	4.20	3.96	4.08	8.16	8.15 8.15	16.55 16,55
$\overline{\mathbf{z}}$	Other Income	4.20	3.96	4.08	8.16
з	Total Income (1 + 2)
$\ddot{\phantom{a}}$	Expenses a) Cost of materials consumed	×	٠ ÷.	÷	× ×	÷.	r,
	b) Purchases of stock-in-trade	×	k.	×.	$\sim$	×	×
	c) Changes in invantories of finished goods work-in-progress	4.38	٠ 3.73	5.24	8.11	8.60	16.22
	d) Employee benefits expenses	10.47	10.37	12.13	20.84	24.12	48.10 41
	e) Depreciation and amortisation expenses 1) Finance costs	2.48	2.43	2.10	4,91	6.79	12.16 76.49
	g) Other expenses	17.34	16.53 (12.57)	19.47 (15.39)	33.87 (26.71)	39.51 (31.36)	(59.94)
5	Total expenses Profit / (Loss) before exceptional items (3 - 4)	(13.14) 18.54	14.51	54.07	33.05 7.34	103.64 72.78	(322.96) (382.90)
G	Share of Profit/(Loss) of Associates Profit Before Exceptional Item and Tax (5 + 6)	5.40	1.94	38.68
8	Exceptional Items	5,40	1.94	38.68	7.34	72.28	(382.90)
9 10	Profit / (Loss) before tax (5 - 6) Tax expense		÷.	×		$\epsilon$	ž.
	- Current year's Tax - Deferred Tax	(15.25)	٠ ÷	$\sim$ 0.04	(15.25)	0.04	(0.04)
	- Earlier year's tax adjustments	20.65	1,94	38.64	22.59	72.24	(382.85)
	Net Profit / (Loss) from ordinary activities after tax (7 - 8) 11 Other Comprehensive Income		÷.	$\mathcal{A}$	÷	×	$\sim$
	12 Items that will be reclassified to profit or loss	×				0,17	0.14
	Items that will not be reclassified to profit or loss Actuarial Gain / (Loss)	(0.12) 391.75	0.26 (501.20)	(0.62) (70.75)	0.14 (109.44)	(39.40)	(67.84)
	Fair Value measurement on Investments	1.83			1.83 (84.88)	33.01	(450.55)
	Tax on above Total Comprehensive Income for the period (net of tax) 13	414.12	(499.00)	(32.73)
	14 Net Profit attributable to :			38.64	22.59	72.24	(362.85)
	Owners of the Company	20.65	1.94			72.24	(382.85)
	Non-Controlling Interest	20.65	1.94	38.64	22.59
	Other Comprehensive Income (net of tax) attributable to : 15	393.46	(500.94)	(71.37)	(107.48)	(39.23)	(67.69)
	Owners of the Company Non-Controlling Interest	393.46	(500.94)	(71.37)	(107.48)	(39.23)	(67.69)
	Total Comprehensive Income attributable to :				(84.88)	33.01	(450.55)
	16 Owners of the Company	414.12	(499.00)	(32.73)			(450.55)
	Nan-Controlling Interest	414.12	(499.00)	(32.73) 124,50	(84.88) 124.50	33.01 124.50	124.50
	Paid-up equity shere capital (Face Value ₹ 10)- per share) 17	124.50	124,50				9,938.94
	Reserves excluding Revaluation Reserves 18 Earning per share (EPS)
	19 (of ₹ 10/- each) (not annualised) :					5.80	(30.75)
	Basic and Diluted		1.66	3.10 0.15	1.81

PARTICULARS 计前	CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES AS AT 30 SEPTEMBER, 2023 As At 30.09.2023 (Unaudited)	As At 30.09.2022 (Unaudited)	As At 31.03.2023 (Audited)
ASSETS 1. Non-Current Assets a) Property, Plant and Equipment	584.65	629.48	605.49
b) Financial Assets L Investments	10,773.76 7.35	11,388.07 10.55	10.923.80 8.67
ii Other Financial Assets c) Deferred Tax Assets (Net)	17.08 11,382.83	12,028.10	11,537.96
2. Current Assets a) Financial Assets i, Cash and Cash Equivalents	76.87 2.21	2.16 0.83	9.68 0.59
b) Other Current Assets c) Current Tax Assets (Not)	24.11 103.19	23.93 26.92	23.27 33.54
TOTAL - ASSETS	11,486.03	12,055.02	11,571.50
EQUITY AND LIABILITIES 1. Equity	124.50	124.50	124.50
a) Equity Share Capital b) Other Equity	9,854.03 9,978.53	10,422.58 10 547.08	9.938.94 10.063.44
2. Liabilities Non-Current Liabilities a) Provisions	5.88	5.04	5.52
3. Current Liabilities a) Financial Liabilities L Other Financial Liabilities b) Other Current Liabilities	1,500.00 1.60 0.02	1,500.00 2.88 0.02	1:500.00 2.53 0.02
c) Provisions	1,501.62 11,486.03	1,502.90 12,055.02	1,502.55 11,571.50

NILKANTH ENGINEERING LIMITED

CIN : L27300MH1983PLC029360

NILKANTH ENGINEERING LIMITED
CIN : L27300MH1983PLC029360 Consolidated Cash Flow Statement for the half year ended 30th September, 2023				% in Lacs
		Half Year Ended		Year Ended
Particulars		30.09.2023 Unaudited	30.09.2022 Unaudited	31.03.2023 Audited
A. CASH FLOW FROM OPERATING ACTIVITIES: Net profit before taxation and extraordinary items
		(25.70)	(31.32)	(59.94)
Adjustments for: Depreciation and amortisation expense		20.84	24.12	48.10 2.53
Provision for Expenses Prepaid Expenses		1.60 2.21	2.88 0.83 (0.23)	0,59 (0.47)
(Profit)/Loss on Sale of Investments		0.00 (1.05)	(3.71)	(9.18)
Operating Profit before working capital changes Increase/(Decrease) in Sundry Payables & Other Liabilities		(2.02) (2.52)	(1.53) (1.60)	(1.03) (1.08)
(Increase)/Decrease in Trade & Other Receivables (Increase)/Decrease in Inventories		-	-	-
Cash generated from operations Less: Direct Taxes paid		(5.59) 0.84	(6.84) 0.82	(11.29) 1,69
Net Cash Flow from operating activities before extraordinary Items		(6.42) -	(7.66) -	(9.60) -
Adjustments for Prior Period Items Net Cash Flow from operating activities	( A)	(6.42)	(7.66)	(9.60)
B. CASH FLOW FROM INVESTING ACTIVITIES:
Sale/(Purchase) of Investments (net)	(B)	73.62 73.62	(9.00) (9.00)	0.47 0.47
Net Cash from/(used) in Investing activities
C. CASH FLOW FROM FINANCING ACTIVITIES:		-	-	-
Net Cash from/(useq) in financing activities	(Cc)	-	-	-
Net Increase/(Decrease) in Cash & Cash Equivalents (A+B+C)		67.20 9.68	(16.66) 18.81	(9.13) 18.81
Cash & Cash Equivalents as at beginning of period Cash & Cash Equivalents as at end of period		76.89	2.15	9.68
= _Cash and cash equivalents included in the Statement of cash flows comprise the following :		30.09.2023	30.09.2022	31.03.2023

	30.09.2023	30.09.2022	31.03.2023
	0.01		0.01
Cash on hand	76.87	246	9.67
Balance in current account	76.88	2.15	9.68
Cash and cash equivalents as restated

1. Direct Tax paid are treated as arising from operating activity and not bifurcated in investment and financing activities.

2. Figures of the previous year have been re-grouped and re-classified wherever necessary to correspond with the figures of the current year.

3. Figures in brackets represent outflows.

002, Gulmohar Complex, Office No. x) P K J & CO . Opp. Anupam Cinema, Station ae Goregaon (East), Mumbai-400 063. Gaara AcaBUBIeRIS Tel. No. : 2686 5205 / 981 ^9472226 E-mail : padam.jain@ pkjca.com

UDIN ; 2307 L026BGZEKY3809

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

Review Report to, The Board of Directors, Nilkanth Engineering Limited

• 1. We have reviewed the accampany!ng Statement of unaudited Consolidated Financial Results of Nilkanth Engineering Limited ("the Holding Company") and its three associate companies (the Holding Company and its associates together referred to as 'the Group') for the quarter and half year ended September 30, ²⁰²³ (the "Statement') attached herewith, being submitted by the Parent pursuant Lo the requirements of Regulation 33 of the SEBI (Listing Obligations and Disciosure Requirements) Regulations, 2015 as amended.
• 1. This Statement, which is the responsibility of the Parent Company's ranagement and approved by the Parent Company's Board of Directors, 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 read with the Circular. Our responsibility 1s to express a conclusion on the Statement based on our review.
• 1. We conducted our review of the Statement in accordance with [he Standard on Review Engagements (SRE) 2410, "Review ol Interim Financial Information parfermed by the Independent Auditor of the Entity" issued by the Institue of Chartered Accountants of India. 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 ¹⁵ 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 do not express an audit opinion.

Wwe also performed procedures in accordance with the Circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the SEB! (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended, to the extent applicable.

(Cont..2)

⁴The Statement includes the results of the following entities:

_ Name of the Entity	Relationship
Nilkanth Engineering Limited	Parent Company
Jatayu Textiles & Industries Limited	Associate Company
Sushree Trading Limited	_ Associate Company
Osiris Online Private Limited	_ Associate Company

• 5, Based on our review conducted and procedures performed as stated in paragraph ³ above and based on the consideration of the information provided by [he management referred to in paragraph 6 below, nothing has come to our attention that causes us to believe thal 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.
• 1. The Statement includes the interim financial results and other financial! information ef three associate companies whose interim financial results/information reflects share of profit amounting to Rs.18.54 Lacs & Rs,33.05 Lacs for the quarter & half year ended September 30, 2023 respectively and share of Other Comprehensive Income amounting to Rs.237.61 Lacs for the quarter & share of Other Comprehensive Loss amounting to Rs.134.67 Lacs for the half year ended September 30, 2023. These financial statements are unaudited and have been furnished te us by the management and our opinion in so far as il relates to the amounts and disclosures included in respect of these associates is based solely on the information and explanation provided by the management.

Our conclusion on the Statement is not modified in respect of the above matter.

ForP KJ & CO. Chartered Accountants Firm Regn. No, (24115W

No. 071026

Membership

Place Dated + Mumbai November 9, 2023