NOCIL Ltd — Interim / Quarterly Report 2021

Aug 3, 2021

Regd. Office : Mafatlal House, 3rd Floor, H. T. Parekh Marg, Backbay Reclamation, Churchgate, Mumbai - 400 020, India. Tel.: +91226657 6100, 6636 4062 Fax +91 22 6636 4060

Website: www.nocil.com CIN No. L?9999MH1961PLC012003 ARVIND MAFATLAL GROUP Email: investorcare@nocil.com The ethics of excellence

Date: 3rd August,2021

The Bombay Stock Exchange Limited "P.J. Towers" Dalal Street, Bandra Kurla Complex, Mumbai-400001 Bandra (East), Mumbai-400051 Scrip Code: 500730 Symbol: NOCIL

The National Stock Exchange oflndia Limited Exchange Plaza,

Dear Sir/Madam,

Subject: Outcome of Board Meeting of the Company held on Tuesday, i.e. 3rd August, 2021 for approval of Un-Audited Financial Results (Standalone and Consolidated) for the quarter ended on 301 h June, 2021

Pursuant to Regulation 30, 33(3)(b) and 33(3)(c)(i) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, read with Circular (Ref No CIR/ CFD I F AC/ 62/2016 dated 5th July 2016) and (Ref No. CIR/CFD/CMDl/44/2019 dated 29th March 2019) issued by SEBI, we hereby inform you that the Board of Directors, at its meeting held today i.e. 3rd August, 2021 through Video Conferencing at Mafatlal House, 4th Floor, Backbay Reclamation, Mumbai - 400020 has, inter alia, approved the Un-Audited Standalone and Consolidated Financial Results for the first quarter ended on 30th June, 2021.

Accordingly, we have enclosed the foll.owing statements:

• a. Un-Audited Standalone financial results for the quarter ended 30^{1 h}June, 2021 ;
• b. Un-Audited Consolidated financial results for the quarter ended 30111 Jun , 2021; and
• c. Limited Review Report dated 3rd August, 2021 , submitted by the Company's Statutory Auditors in respect of the Standalone and Consolidated un-Audited financial results.

The meeting of the Board of Directors commenced at 11.00 a.m. (IST) and concluded atl'l ·3S p.m. ~ _ (IST). ~

We kindly request you to take the above on your records and acknowledge receipt.

Thanking you,

Yours faithfully,

For NOCIL Limited

nt Vice President (Legal) and Company Secretary

Encl: as above

KALYANIWALLA & MISTRYLLP

CHARTERED ACCOUNTANTS

REVIEW REPORT TO THE BOARD OF DIRECTORS NOCIL LIMITED

LIMITED REVIEW REPORT

• 1. We have reviewed the accompanying Statement Unaudited Standalone Financial Results of NOCIL LIMITED ("the Company") for the quarter ended June 30, 2021, together with the notes thereon, ("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, (initialled by us for identification). This Statement which is the responsibility of the Company's Management has been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on August 03, 2021, s been prepared in accordance with the recognition and measurement principles laid d9wn in Indian Accounting Standard 34 'Interim Financial Reporting' ('Ind AS 34'), prescribed under section 133 of the Companies Act, 2013 ("the Act") read with relevant Rules issued thereunder, as applicable 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 Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants oflndia. 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 inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an aud it 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 applicable accounting standards and other recognized accounting practices 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 KALYANIWALLA & MISTRY LLP CHARTERED ACCOUNTANTS Firm Regn. No.: 104607W I Wl00166

;p~~ PA Fras, er M. No.: 42454 UDIN: 21042454AAAADQ5482

Mumbai: August 03, 2021.

KALYANIWALLA & MISTRYLLP

CHARTERED ACCOUNTANTS

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

THE BOARD OF DIRECTORS OF NOCIL LIMITED

• 1. We have reviewed the accompanying Statemen of Unaudited Consolidated Financial Results of NOCIL LIMITED (''the Parent") and its subsidiary (the Parent and its subsidiary together referred to as "the NOCIL C)iroup") for the quarter ended June 30, 2021, together with the notes thereon, ("the Statement") attached herewith, being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (initialled by us for identification).
• 1. This Statement which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors at its meeting held on August 03, 2021, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 'Interim Financial Reporting' ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India. 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 Institute 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 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 do not 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 Company's wholly owned Subsidiary, PIL Chemicals Limited.

~

KALYANIWALLA & MISTRY LLP

• 1. Based on our review conducted and procedur ^sperformed as stated in paragraph 3 above and based on the consideration of the review report of the other auditor referred to in paragraph 6 below, nothing has come to ou~ 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) Re Iations, 2015, as amended, including the manner in which it is to be disclosed, or tha~ it contains any material misstatement.
• 1. We did not review the interim financial resvlt of the subsidiary included in the Unaudited Consolidated financial results of NpCIL Group; whose interim financial results reflect total revenues of Rs. 429 lakhs, r et profit after tax of Rs. 51 lakhs and total comprehensive income of Rs. 51 lakhs for the quarter ended June 30, 2021, as considered in the Unaudited Consolidated fin ncial results. These interim financial results have been reviewed by another auditor whose report has been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of this subsidiary, is based solely on the report of the other auditor and the procedures performed by us as stated in paragraph 3 above.

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

For KALYANIWALLA & MISTRY LLP CHARTERED ACCOUNTANTS

M. No.: 454 UDIN: 21042454AAAADR6251

Mumbai: August 03, 2021.

NOCIL LIMITED

Regd. Office : Mafatlal House, 3rd Floor, H. T. Parekh Marg, Backbay Reclamation, Churchgate, Mumbai - 400 020, India. Website: www.nocil.com, Email: investorcare@nocil.com, CIN: L99999MH1961PLC012003

							kh La s
	Sr .N	Pa rti lar o. cu s	Fo r t	Sta nd alo ne he nd ed Fo he rte r t				Co oli da ted ns he Q nd ed Fo r t rte
			Q ua r e on			ye ar de d o en n	ua r e on			r th Fo e y ea r de d o en n
			30 .06 .20 21 ud ite d' (U na	31 .03 .20 21 ud ite d (A )	30 .06 .20 20 ud ite d (U ) na	31 .03 .20 21 (A ud ite d )	30 .06 .20 21 (U ud ite d ) na	31 .03 .20 21 (A ud ite d )	30 .06 .20 20 (U ud ite d ) na	31 .03 .20 21 (A ud ite d )
	1	Re e f O ion rat ve nu rom pe s	34 ,45 0	32 ,19 9	10 ,65 1	92 ,46 6	34 ,45 0	32 ,19 9	10 ,65 1	92 ,46 6
	2	Ot he r I nc om e	98	22 4	1 ,01 7	1 ,42 8	111	23 4	1 ,02 9	1 ,47 2
	3	To tal In (1 +2 ) co me	,54 34 8	32 ,42 3	11 ,66 8	93 ,89 4	,56 34 1	32 ,43 3	11 ,68 0	93 ,93 8
	4	!Ex - - - - - - pe ns es	-
		a) Co of ial ed st ter ma s c on sum	20 ,97 6	18 ,45 8	3 ,96 5	47 ,87 6	20 ,97 6	18 ,45 8	3 5 ,96	47 ,87 6
		b ) Pu rch f st k-i rad n-t ase s o oc e	54	23	12	142	54	23	12	142
		c) Ch in in rie f fi nis he d od ork -in nd nto an ge ve s o go s, w -pr og res s a
		ck -in ad sto -tr e	(3 ,60 9 )	(51 0 )	1 ,49 5	2 ,46 0	(3 ,61 0 )	(50 4 )	1 ,47 9	2 ,44 5
		d ) Em plo e b efi ts ye en ex pe nse	2 ,09 0	1 ,65 1	1 ,58 6	6 ,72 2	2 ,17 1	1 ,71 5	1 ,64 7	7 ,00 5
		e) Fin sts an ce co	23	21	25	96	23	22	25	97
-		) f De cia tio nd isa tio ort pre n a am n e xp en se	1 ,02 2	97 5	87 8	3 ,60 7	1 ,05 4	1 ,00 6	91 5	3 ,74 3
		g) Ot he r e xp en ses To tal Ex	7 ,67 3	7 ,54 7	2 ,80 0	22 ,57 3 83 6	7 ,51 7 28 5	7 ,27 3	2 ,70 5	21 ,91 7 83 5
(J \ ' ( ( ,		pe ns es	28 ,22 9	28 ,16 5	10 1 ,76	,47	,18	27 ,99 3	10 ,74 8	,22
' "" " 0 ,, : \ ) * \ J '	D ) 5	Pr of it B efo Ta x ( 3-4 ) re	6 ,31 9	4 ,25 8	90 7	10 ,41 8	,37 6 6	4 ,44 0	93 2	10 ,71 3
	6	Ta x E xp en se
M _ , u		Cu Ta nt rre x	1 ,46 2	1 ,19 9	193	2 ,41 6	1 ,48 2	1 ,24 8	20 0	2 ,51 9
-		Ex isi fo ela tin arl ier r ta g t ces s p rov on x r o e ye ars	-	(77 1 )	(51 5 )	(1 ,28 5 )	-	(76 6 )	(51 5 )	(1 ,27 4 )
		De fer red Ta x	149	22 9	53	63 8	153	22 5	52	62 7
		tal To T E ax xp en se	1 ,61 1	65 7	(26 9 )	1 9 ,76	1 ,63 5	70 7	(26 3 )	1 ,87 2
	7	Pr of it A fte r T (5 -6 ) ax	4 ,70 8	3 ,60 1	1 ,17 6	8 ,64 9	4 ,74 1	3 ,73 3	1 ,19 5	8 ,84 1
- ./ -Y ' -'- \ * --- d , -	8	Ot he r C eh siv e ( OC ) e I I om pr en nc om
		a) Ite th wi ll b ecl ifi ed ofi r lo at to t o ms e r ass pr ss	-	-	-	-	-	-	-	-
		b ha ill t b ecl ifi ed ofi r lo ) I tem s t t w to t o no e r ass pr ss
		Re of the de fin ed be fit pla ts me asu rem en ne ns	(2 )	121	20	128	(5 )	123	20	129
		of de fin ed be fit pla Inc e-t ts om ax on re me asu rem en ne ns	-	(I )	-	(1 )	I	(I )	-	(1 )
		of in in it y i Ch in th e f air lue stm ts nst ts an ge va ve en equ rum en i Inc Ch he fa ir v alu f in s in uit e-t n t stm ent	96 8	(55 0 )	52 4	56 5	97 0	(54 6 )	52 7	57 2
		om ax on an ge e o ve eq y ins tru nts me	(11 3 )	64	(59 '	(59	(11 3 )	64	(59 )	(59 )
		Ot he r C eh siv e f the rio d e I om pr en nc om or pe	85 3	(36 6 )	48 5	63 3	85 3	(36 0 )	48 8	64 1
	9	To tal C eh siv e I e f th eri od (7 +8 ) om pr en nc om or e p	5 ,56 1	3 ,23 5	1 ,66 1	9 ,28 2	5 ,59 4	3 ,37 3	1 ,68 3	9 ,48 2

NOCIL LIMITED

Regd. Office : Mafatlal House, 3rd Floor, H. T. Parekh Marg, Backbay Reclamation, Churchgate, Mumbai - 400 020, India. Website: www.nocil.com, Email: investorcare@nocil.com, CIN: L99999MH1961PLC012003

	S A O S A A O A C O S O T T E M E N T F T N D L N E N D N L	A A I D T E D U N U D I	A T E D F I N N	C A S I L R E	S O U L T F R T	Q A H E U R T E	R E N D E D	J U N E 30 20	21
									kh t. In La s
		Sta nd alo ne				Co oli da ted ns
Sr .N o.	rti lar Pa cu s	he Fo r t	Fo he r t ye ar de d o en n	Fo r th e Q nd ed rte ua r e on			r th Fo e y ea r de d o en n
		30 .06 .20 21 (U ud ite d ) na	31 .03 .20 21 (A ud ite d )	30 .06 .20 20 (U ud ite d ) na	31 .03 .20 21 (A ud ite d )	30 .06 .20 21 (U ud ite d ) na	31 .03 .20 21 (A ud ite d )	30 .06 .20 20 (U ud ite d ) na	31 .03 .20 21 (A ud ite d )
10	fit tri bu tab le Ne t P at to ro :
	(a ) Ow of the ne rs co mp an y	4 ,70 8	3 ,60 1	1 ,17 6	8 ,64 9	4 ,74 1	3 ,73 3	1 ,19 5	8 ,84 1
	(b ) No n-C llin g I tro nte ts on res					-	-	-	-
11	he eh siv ibu tab le Ot r C e I ttr to om pr en nc om e a :	-
	(a ) Ow of the ne rs co mp an y	85 3	(36 6 )	48 5	63 3	85 3	(36 0 )	48 8	64 1
	llin (b ) No n-C g I tro nte ts on res					-	-	-	-
12	To tal C eh siv e I ibu tab le ttr to om pr en nc om e a :
	(a ) Ow of the ne rs co mp an y	5 ,56 1	3 ,23 5	1 1 ,66	9 ,28 2	5 ,59 4	3 ,37 3	1 ,68 3	9 ,48 2
	(b ) No n-C llin g I tro nte ts on res					-	-	-	-
13	Pa id- E it y S ha Ca pit al (Fa IO I- e ach ) up qu re ce	16 ,63 7	16 ,62 2	16 ,56 1	16 ,62 2	16 ,63 7	16 ,62 2	16 ,56 1	16 ,62 2
14	s ( clu din alu ati s ) Re g R R ser ve ex ev on ese rve				1 ,10 ,72 8				1 ,11 ,85 1
15	Ea rni sha (o 10 /- e ach ) (no lis ed ) t a ng s p er re n. nn ua
	B asi c -	2.8 3	2.1 6	0.7 1	5.2 1	2.8 5	2.2 5	0.7 2	5.3 3
	D ilu ted -	2.8 2	2.1 6	0.7 1	5.2 0	2.8 4	2.2 5	0.7 2	5.3 2
	Re fer yin he fin ial sul ote s t o t ts ac co mp an g n anc re

For and on behalf of the Board, Fo•Ni=

Managing Director DIN : 01122338

Place: Mumbai Date: 03 August 2021

NOCIL LIMITED

Regd. Office: Mafatlal House, 3rd Floor, H. T. Parekh Marg, Backbay Reclamation, Churchgate, Mumbai- 400 020, India. Website: www.nocil.com, Email: investorcare@nocil.com, CIN: L99999MH1961PLC012003

Notes:

• The above Statement of Standalone & Consolidated Unaudited financial results ("financial results") are prepared and published in accordance with Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, as amended. These financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on August 3, 2021. These financial results are prepared in accordance with the Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013, read with the relevant Rules thereunder and other accounting principles generally accepted m India.
• 2 The figures for the quarter ended March 31, 2021 as reported in these Financial Results are the balancing figures between audited figures in respect of the full financial year ended March 31, 2021 and the published year to date figures up to the end of the third quarter of the previous financial year which are subjected to limited review.
• 3 The Company is primarily engaged in the business of manufacture of Rubber Chemicals, which in the context of Indian Accounting Standard (Ind AS) 108 on' Operating Segments', constitutes a single reportable segment.
• 4 The unaudited consolidated financial results of NOC IL Limited have been prepared in accordance with Ind AS 110 'Consolidated Financial Statements'. The unaudited financial results of the wholly owned subsidiary company, PIL Chemicals Limited (together referred to as the NOCIL Group), which have been subjected to a limited review have been consolidated with the unaudited financial results of the Company.
• 5 The figures for the corresponding previous periods have been regrouped I restated, wherever necessary to conform with current period's classification.

For and on behalf of the Board,

Fo•NO~

SRDeo Managing Director DIN: 01122338

Place: Mumbai Date: 03 August 2021