Oswal Greentech Limited — Interim / Quarterly Report 2022

Aug 13, 2021

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ABHEY
OSWAL
G R O U P
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Oswal Greentech Limited

OGL/ND/2021

August 13, 2021

Electronic Filing

Department of Corporate Services/ Listing National Stock Exchange of India Ltd. BSE Limited "Exchange Plaza" Bandra-Kurla Complex, Phiroze Jeejeebhoy Towers, Bandra (E), Dalal Street, Fort, Mumbai-400 051 Mumbai-400 001 Email id: cmlist@nse.co.in Email id: corp.relations@bseindia.com Scrip Code: BINDALAGRO Scrip Code No.: 539290

Dear Sir/ Madam,

Subject: Outcome of the meeting of Board of Directors of Oswal Greentech Limited held on August 13, 2021

Dear Sir/ Madam,

In compliance with Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 ("Listing Regulations"), we wish to inform that:

• ·{i) Unaudited financial results of the Company for the quarter ended June 30, 2021 along with limited review report:

The unaudited financial results of the company for the quarter ended June 30, 2021 have been reviewed by the Audit Committee in its meeting held on Friday, August 13, 2021 and based on its recommendation, approved by the Board of Directors of the Company, at their meeting held on Friday, August 13, 2021.

Accordingly, please find enclosed herewith as Annexure 1, unaudited financial results for the quarter ended June 30, 2021 along with limited review report as submitted by the statutory auditors of the Company on the unaudited financial results.

• (ii) Appointment of Mr. Akhil Bansal as Additional Director and Non-executive and Independent Director

Mr. Akhil Bansal has been appointed as Additional Director and Non-Executive and Independent Director of the Company for a period of 5 years w.e.f August 13, 2021 subject to the approval of shareholders of the Company at the next Annual General Meeting.

Further, pursuant to the BSE Circular with reference no. LIST/COMP/14/2018--19 dated June 20, 2018 and the circular issued by the National Stock Exchange of India Limited with reference no. NSE/CML/2018/24 dated June 20, 2018 Mr. Akhil Bansal is not debarred from holding the office of Director by virtue of SEBI Order or any other such Authority. Enclosed herewith his brief profile as Annexure 2; / j\ T: +91-1 1-23715242, 23322980, 23753652, 23715225 E: oswal@oswalgreens.com W: www. oswalgr� 7th Floor, Antriksh Bhawan, 22 Kasturba Gandhi Marg, New Delhi- I 10 00 I ' \ � �

Regd. Off.: Near Jain Colony,Vijay lnder Nagar, Daba Road, Ludhiana - 141003 IT: +91- 161-2544238 I CIN: L24 I 12PB 1981 PLC0J I 099

ABHEY OSWAL MMINIMMM

Kindly take the same on record.

Thanking you,

Yours sincerely, �r===[�] Anil Kumar Bhalla .....-7\ , ...-< (...Q.w-.VV.,,._,.� � l ·. '4 s f""" Managing Director & CEO i DIN: 00587533 \i ""'- � � � \ • 3 ', .I'S p[ M ] Q..f *e-,;"*

Encl: A/a

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OSWAL GREENTECli LIMITED

Corporate Office : 7th Floor, Antriksh Bhawan, 22, Kasturba Gandhi Marg, New Delhi-110001; CIN: L24112PB1981PLC031099 Statement of Standalone Unaudited Financial Results for the Quarter ended 30th June, 2021

Part I

Part I			nIn Lakhl	nIn Lakhl	nIn Lakhl	nIn Lakhl	nIn Lakhl
S. No.		Particulars	QuarterEnded				Year Ended
			30.06.2021 31.03.2021 30.06.2020 (Unaudited) (Unaudited) (Unaudited)				31.03.2021 (Audited)
fl l	(2)		(3) (4) **f5l **				(6)
I	Revenue from operations		269.39 623.93 428.81				1,938.43
II	Other income		2,018 34 2,120.02 2,458.82				9,537.44
Ill	Total Income [1+1		2,287.73 2,743.95 2,887.63				11,475.87
IV	Exoenses
		Purchase of stock-in-trade	3,698.1-3
		Changes in inventories Stock-in-Trade and work-in-progress	(3,698.43} 292.70				292.70
		Em1Jloveebenefits ex1Jense	313.62 296.50 322.76				1,323.32
		f-inance Costs	21.35 26.42 26.39				98.05
		Dcorcciation and amortization expense	88.13 92.47 92.31				370.60
		Donation	286.48 58.06 54.55				393.34
	Rent		2.86 11.44				11.44
	Consultancv andorofessional fees		134.83 133.40 147.81				528.08
	Rates and Taxes		10.68 9.96 9.62				39.16
	Other expenses		80.54 93.84 58.41				398.35
	Total Expenses [IV)		938.49 1,014.79 **711.85 **				3,455.04
V	Profit before taxfill-IV)		1,349.24 1,729.16 2,175.78				8,020.83
VI	Tax exnense/[credit)
	Current tax		386.00 387.77		565.00		2,965.63
	Deferred Tax		16.99 120.26		(73.83}		53.63
VII	**Profit for the Period/vear rv-vn **		946.25 1,221.13		1,684.61		5,001.57
VIII	Other Comprehensive Income
	Items that will not reclassified to proft or loss
	(i)Equityinstruments through other co1111Jrehensive income(FVTOCll		0.04	0.01	0.10		0.07
	fiil Remeasurement ofdefinedbenefitl]lan			103.96	(20.84)		41.43
	Total other comprehensive income/[lossl		0.04	103.97	**[20.74) **		41.50
IX
	Total comprehensive income/floss} for theneriod/vear (Vll+Vllll		946.29	1,325.10	**1,663.87 **		5,043.07
X	Paid-till equity share capital (face value ofi 10/-each}		25,680.92	25,680.92	25,680.92		25,680.92
XI XII	Other eauitv ( excludine revaluation reserves) Earine ner share fEPSl:_(Not_annualised}						2,18,005.28
	(alBasic EPS		0.37	0.48 0.66			1.95
	(bl Diluted EPS		0.37	0.48 0.66			1.95

Part II

PartII	PartII	PartII
STANDALONE UNAUDITED SEGMENT WISE REVENUE, RESULTS, ASSETS AND LIABI			LITIES ninLakhl
S.No. Par'liculars			Quarter Ended			Year Ended
			30.06.2021 (Unaudited)	31.03.2021 (Unaudited)	30.06.2020 (Unaudited)	31.03.2021 (Audited)
1	Seement Revenue
a)	Real Estate		6.41	187.21	6.38	206.48
b~~l~~	Investment Activities		2,011.50	1,913.78	2,437.76	9,296.41
cl	Unallocated		269.82	642.96	443.49	1,972.98
	Total Se�ment Revenue		2,287.73 2,743.95		2,887.63	11,475.87
2	Seement Result
	Profit(+)/Loss(-)before finance cost and tax
a)	Real Estate		(80.63) (170.78)		(78.30)	(469.81)
bl	Investment Activities		1,807.71 1,757.65		2,259.02	8,517.83
c)	Unallocated		(356.491 168.71		21.45	70.86
dl	Less: Finance Cost		21.35 26.42		26.39	98.05
	**Profit before tax **		1,349.24 1,729.16 2,175.78			**8,020.83 **
	Less: Current Tax		386.00 387.77 565.00			2,965.63
	Less: Deferred Tax		16.99	120.26 (73.83)		53.63
	Profit after Tax		946.25	1,221.13 1,684.61		5,001.57
3	Seement Assets
al	Real Estate		98,912.70 97,350.76 97,098.67			97,350.76
b~~l~~	Investment Activities		1,03,386.52 1,03,887.75 1.01,488.65			1,03,887.75
cl	Unallocated		4-8,030.07 47,832.35 46,754.43			47,832.35
	Total Assets		2,50,329.29 2,49,070.86 2,45,341.75			**2,49,070.86 **
4	Seement Liabilities
al	Real Estate		548.90 507.87 286.93 343.11 590.18 746.08			286.93 590.18
bl	Investment Activities
c)	Unallocated		4,640.03 4,507.55 3,945.56			4,507.55
Total Liabilities			5,696.80 S,384.66 **5,034,75 **			5384.66

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Nill= I. The aforesaid fi11ancial results were reviewed by the Audit Committee and approved by the Board of Directors in its meeting held on August 13, 202 J 2 The Company continues to recognize Real Estate and Investing c1clivitics as separate Business Segments.

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Place: New Delhi Date: 13.08.2021 Regd.Office: Near Jain Colony, Vljay hider Nagar, Daba Road, Ludhiana-141 003 (Punjab) Contact: 0161- 2544238; website: www.oswal reens.com; Email ID: oswal@oswal recns.com

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CHARTERED ACCOUNTANTS

RGRRWRI§!

Independent Auditor's Review Report on Quarterly StandaloneUnauditedFinancial Results of M/s Oswal GreentechLimited pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

To the Board of Directors of M/ s Oswal GreentechLimited

We have reviewed the accompanying Statement of Standaloneunaudited financial results of M/s Oswal GreentechLimited("the company") for the quarter ended June 30, 2021 ("the statement"), attached herewith, being submitted by the company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 as amended ("the regulations") including relevant circulars issued by the SEBI from time to time.

This statement, which is the responsibility of the Company's Management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principle laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" prescribed under section 133 of the Companies Act, 2013 ("the Act") read with relevant rules issued thereunder ("Ind AS") and other accounting principle generally accepted in India. Our responsibility is to issue a report on these financial statements based on our review.

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 statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide Jess assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

Conclusion

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 recognition and measurement principle laid down in the applicable Indian Accounting Standard (Ind AS) prescribed under section 133 of the Companies Act, 2013 ("the Act"), as amended, read with relevant rules issued thereunder 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 including the manner in which it is to be disclosed, or that it contains any material misstatement.

For Agarwal and Dhandhania Chartered Accountants FRN: 125756W Alok Dhandhania M.No: 111062 Partner Place: New Delhi Date: 13.08.2021 UDIN: 2. I 1H Of,2.. f' A A �f,N 4 'd 1"'

204, Empire State Building, Ring Road, Surat- 395 002 (Gujarat) Tel: 0261- 2345296, 3015296 Fax: 0261-2363264 Email: surat@adcaindia.com • www.adcaindia.com • : Mumbai Delhi Ahmedabad Hyderabad Bengaluru Kolkata Jaipur Vapi

ABHEY OSWAL MMIMIMMM

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Appointment of Mr. Akhil Bansal as Additional Director & Non-executive & Independent Director of Oswal Greentech Limited

S.	No.	Details of	events that	need to	be	Information of such event(s)
		provided
1		Reason for	change viz.	appointment/		The Board of Directors, based on the
		resignation/ removal/		death	or	recommendation of Nomination & Remuneration
		otherwise				Committee, has approved the appointment of Mr.
						Akhil Bansal as Additional Director, Non-executive
						& Independent Director.
2		Date of appointment/		cessation	(as	Date of appointment: August 13, 2021
		applicable)	& term of appointment			Term of appointment: Five years
3		Brief profile (in case of appointment)				Mr. Akhil Bansal, a commerce graduate
						(B.Com Hons.) from Delhi University, is a qualified
						Company Secretary from the Institute of Company
						Secretaries of India.
						His work experience is more than 7 years in
						diverse fields like Consulting, Audit, Corporate
						Laws, Securities Laws, Labour Laws, Certifications,
						Due Diligence, Audit, Direct & Indirect Taxation,
						Intellectual Property Rights Law
						(Trademark/Design/ Copyright/Patent),
						Accounting and Finance Matters etc.
						He is currently working as Practising Company
						Secretary under the name of "Akhil Bansal and
						Associates", based out of New Delhi and Non­
						Executive Director at Comply Hub Consultants
						Private Limited, a platform which provide services
						relating to Startup, Corporate Compliances,
						Consultancy related to Direct and Indirect Tax,
						Intellectual Property Rights Law, Accounting and
						Finance Matters etc.
						Mr. Akhil Bansal is Former Member of "Training &
						Educational Facilities Committee" of the Institute
						of Company Secretaries of India.
						Recently, he has been elected as "Delhi State
						Secretary (Yuva Wing)" of "Akhil Bhartiya Vaishya
						Mahasanghthan", an organization who work for
						the development for the society.
						Also, he is a Founder and Trustee of Rahgir
						Foundation, an NGO set up under Indian Trust
						Act, 1882 Recognised as a Public Charitable Trust
						by the Government of India with an objective to
						Promote Education, Women Empowerment, to
						develop Institutions like Blind School, Orphanage,
						Slum areas etc.
4		Disclosure	of relationships between			None
		Directors (in case of appointment of
		director)