Paras Petrofils Ltd. — Interim / Quarterly Report 2022

Aug 13, 2021

PARAS PETROFILS LIMITED

Address: 15*Floor Dhamanwala Complex, Opp. Apple Hospital, Khatodara Road, Udhana, Surat, Gujarat-395002, CIN: L17110GJ1991PLC015254 Email-id: finance @paraspetrofils.com Ph.: +91-9825568096; Website: paraspetrofils.co.in

Date: 13/08/2021

Head Listing Compliance National Stock Exchange of India Ltd. 'Exchange Plaza' Plot No. C/1, G Block,Bandra-Kurla Complex Mumbai-400051

Head Listing Compliance BSE Limited PhirozeJeejeebhoy Towers, Dalal Street, | Mumbai-400001

The Head-Listing Compliance The Calcutta Stock Exchange Ltd. 7, Lyons Range, Murgighata, BBD Bagh, Kolkata West Bengal — 700001

Symbol: PARASPETRO

Security code: 521246

Dear Sir,

Subject: Submission of Unaudited Financial Result for the quarter ended on 30" June, 2021 pursuant to Regulation 30 and 33 of the SEBI (Listing Obligation and Disclosure Requirement), 2015.

We are appending below the Unaudited Financial Result for the quarter ended on 30th June, 2021 required under Regulation 30 and 33 of the SEBI (Listing Obligation and Disclosure Requirement), 2015.

Please take the same on your record.

Thanking You

Yours Faithfully, For Paras Petrofils Limited

Limited Review Report on Unaudited Standalone Financial Results for the Quarter ended on 30th June, 2021

To, The Board of Directors, M/s Paras Petrofils Limited

We have reviewed the accompanying statement of unaudited financial results of PARAS PETROFILS LIMITED for the period ended on 30 th June, 2021. This statement is the responsibility of the Company's Management and has been approved by the Board of Directors. 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 financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and an analytical procedure 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.

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 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 RMR & Co. Chartered Accountants

ROHIT VIJAYVAR GIA Digitally signed by ROHIT

VIJAYVARGIA Date: 2021.08.13 16:39:36 +05'30'

Date.: 13.08.2021 CA Rohit Vijayvargia Place.: Surat Partner UDIN.: 21077946AAAAIJ6434 Memb No. 077946

PARAS PETROFILS LIMITED

	PARAS PETROFILS LIMITED
Address; 1stFloor Dhamanwala Complex, Opp. Apple Hospital, Khatodara Road, Udhana, Surat, Gujarat-395002,
	CIN:L17110GJ1991PLC015254 Email-id: finance@paraspetrofils.comPh.: +91-9825568096;	Website: paraspetrofils.in
	Statement of Standalone Unaudited Financial Results for the Quarter ended June 30, 2021___ Quarter Ended			Amt. (In Lacs)
Particulars	30th June, 2021	31st March, 2021	30th June, 2020	31st March, 2021
I. Revenue from Operations	(Unaudited)	(Audited)-	(Unaudited)	(Audited)
IL, Other IncomeIL. Total Income (1 +11)	27.3227.32	30.0530.05	29.1229,12	118.05118.05
IV. ExpensesCost of Material Consumed	#	4
			=	=
Purchases of Stock-in-trade	=	3ZI	E=	e*
Changes in inventories of finished goods, Work-in-progress and	:	7	cs	=
Employee Benefits ExpensesFinance Costs	0.480.69	1.300.07	1.53=	5.890.07
Depreciation and amortisation expensesOther Expenses	-6.23	-6.69	=7.81	:24.33
(Iv)Total E:V. Profit/(Loss) before exceptional items and tax (III- IV)	74019.92	8.0522.00	9.3419.78	30.2987.76
VI. Exceptional itemsVIL Profit/(Loss) before tax (V-VI}	=19.92	=22.00	=19.78	-87.76
VIL Tax Expense(1) Current tax	:	-	-	:
(2) Deferred tax(3) Previous Year Tax	:	:-	--	:a
IX. Profit/(Loss) for the period from continuing operations(VI-WH)	19,92	22,00	19,78	87.76z
X, Profit/(Loss) from discontinued operationsXI. Tax expense of discontinued operations		-	-
XII. Profit/(Loss) from Discontinued operations (after tax) (X	-	2	2	5
xt)XIII. Profit/(Loss) for the period (IX+XII)XIV, Other ComprIncome	19.92-	22.00-	19.78-	87.76-
(A) (i) Items that will not be reclassified to profit or loss(ii) Income tax relating to items that will not be reclassified to	:	-	:	-
profit or loss(B) (i) Items that will be classified to profit or loss	:-	=:	:	-
(ii) Income tax relating to items that will be reclassified to profitor loss	-	-	=	fe
XV, Total Comprehensive Income for the period(XIII+
(Comprising Prof (Loss) and Other Cue eacieriueesthe Period)	ave	ek	a8	We78
XVI. Earnings per equity share (for continuing operation):
(1) Basic(2) Diluted	0.010.01	0.010.01	0.010.01	0.030.03
stock-in-tradeXVII, Earnings per equity share (for discontinued operation):(1) Basic	-	-	-	A
(2) DilutedXVIII. Earnings per equity share (for discontinued &	-	-	:	S
continuing operations)(2) Basic	0.01	0.01	0.01	0,03

Notes:

(1) The above results have been reviewed by Audit Committee and taken on record by the Board of Directors at its Meeting held on 13.08.2021. The Statutory Auditors have carried out their audit for the above results,

(2) The above results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (IND AS), prescribed under section 133 of the Companies Act, 2013 and other recognized accounting practices and policies to the extent applicable.

(3) The IND AS compliant corresponding figures for the period as reported above have not been subjected to review. However, the Company's management has exercised necessary due diligence to ensure that such financial results provide a true and fair view of its affairs.

(4) The figures for the previous period/year have been regrouped/reclassified, wherever necessary, to conform to the current period/year classification

(5) As the Company's business activity falls within a single segment, therefore "Segment Reporting" are not applicable.

(6)The company has considered the possible effects that may result for the pandemic relating to COVID 19 on its business operations and financial position using intemal & extemal factors known to the management upto the approval of finanacial results, There is no significant impact on the carrying amount of its assets and financial results and management concludes that no material uncertainty exists about the company's ability to continue as a going concem and accordingly financial results have been prepared using going concem assumption.

Date; 13.08.2021 Place : Surat