Patel Integrated Logistics Ltd — Interim / Quarterly Report 2022

Nov 12, 2021

INTEGRATED LOGISTICS LTD

PILL: SEC: NBA: 21-22/50 November 11, 2021

To To Dalal Street, Fort Bandra-Kurla Complex, Mumbai — 400 001. Bandra (East), SCRIP CODE: 526381 Mumbai — 400 051.

BSE Ltd. National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, PATINTLOG

Sub.: Disclosure of information under Regulation 30 of SEBI LODR Regulation 2015 Ref: Outcome of Board Meeting

The Board of Directors at its meeting held on 11" November 2021 inter alia, approved Unaudited Financial Results for the quarter and half year ended 30" September, 2021 along with the Limited Review Report issued by the Statutory Auditors on Unaudited Financial Results.

The Board Meeting commenced at 11.30 a.m and concluded at 3.45 p.m.

Kindly take the document on record and acknowledge.

Yours' faithfully,

For PATEL INTEGRATED LOGISTICS LIMITED

oy (SWETA PAREKH) COMPANY SECRETARY

CC to:

The Calcutta Stock Exchange Limited

INTEGRATED LOGISTICS LTD

PILL: SEC: NBA: 21-22/52 November 12, 2021

To	To
BSE Ltd.	National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers,	Exchange Plaza,
Dalal Street, Fort	Bandra-Kurla Complex,
Mumbai — 400 001.	Bandra (East),
SCRIP CODE: 526381	Mumbai — 400 051.
	PATINTLOG
Dear Sir,
Sub. : Revised submission of Unaudited Financial Results for the quarter and half ended30 September, 2021
letter PILL:SEC:NBA:21-22/51referenceourIntosubmission of Unaudited Financial Results for the quarter and half year ended 30 September,2021 along with Limited Review Report, due to technical glitch we couldn't upload one pageof Financial Results yesterday, hence we are re-submitting full set again.	dated Novemberregarding202111,
Kindly take the same on record at the earliest.
Thanking You,
Yours Faithfully,For PATEL INTEGRATED LOGISTICS LIMITED(SWETA PAREKH)COMPANY SECRETARY

Sub. : Revised submission of Unaudited Financial Results for the quarter and half ended 30 September, 2021

PATEL INTEGRATED LOGISTICS LIMITED

Regd. Office: "Patel House", 5" Floor, 48-Gazdarbandh, North Avenue Road, Santacruz (West), Mumbai— 400 054. Tel No.:022-26050021, 26052915, Fax No,:022-26052554, Website: www.patel-india.com CIN:L71110MH1962PLC012396

STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30™ SEPTEMBER, 2021 (Rs. in Lakhs)

	Regd. Office: "Patel House", 5" Floor, 48-Gazdarbandh, North Avenue Road, Santacruz (West), Mumbai— 400 054.Tel No.:022-26050021, 26052915, Fax No,:022-26052554, Website: www.patel-india.com			PATEL INTEGRATED LOGISTICS LIMITED
	STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30™ SEPTEMBER, 2021		CIN:L71110MH1962PLC012396
							(Rs. in Lakhs)
Sr.No.	Particulars	For the quarter ended			For the half year ended		Previousyear ended
		30.09.2021 30.06.2021		30.09.2020(Unaudited (Unaudited) (Unaudited) (Unaudited)	30.09.2021	30.09.2020(Unaudited) (Audited)	31.03.2021
1	Income from OperationsOther Operating Income	5754.44,--	5106.92	5143.91	10861.36	6732.00	21224.93
	Total Income from operations	5754.44	--5106.92	--5143.91	--10861.36	--6732.00	-21224.93
2	Other Income	72.62	68.81	178.02	141.43	262.43	505.36
34	Total IncomeExpenses	5827.06	5175.73	5321.93	11002.79	6994.43	21730.29
	a) Operation cost	5237.22	4659.97	_ 4726.73	9897.19	5919.08	18987,33
	b) Employees benefits Expensesc) Finance Costs	266.72135.00	266.74150.48 .	213.73188.07	533.46285.48	462.64362.15	1133.92758.79
	d)Depreciation and amortization	67.52	54.83	53.77	122.35	117.61	235.48
	e) Administrative & Other Expenses	118.83	122.45	133.60	241.28	242.22	587.60
a6	Total Expenses	5825.29	5254.47	5315.90	11079.76	7103.70	21703.12
	Profit before exceptional andextraordinary items and Tax (3-5)	1.77	(78.74)	6.03	(76.97)	(109,27)	27.17
Z	Exceptional items	--	--	--	--	--	--
89	Profit before Tax (6-7)Tax Expense	1.77	(78.74)	6.03	(76.97)	(109.27)	2hiae
	a) Current	*g	-	"	-	--	oe
	b) Deferredc) (Excess) / Short Provision for	11,46	2,07	4.36	13.53	(12.14)	22.65
	Taxation of earlier years	(12.34)	=	-	(12.34)	(0.97)	(0.97)
10	Net Profit for the period (8-9)	2.65	(80.81)	1.67	(78.16)	(96.16)	5.49
11	Other Comprehensive Income netof taxes (OCI)i) Items that will not be reclassified	64.74	71.09	(29.42)	135.83	(22,30)	99.37
12	to Profit and Loss (net of tax)Total Comprehensive Income (after	67.39	(9.72)	(27.75)	57.67	(118.46)	104.86
13	Tax} (10+11)Paid-up Equity Share Capital(Face Value of each Equity Share is	2603.59	2603.59	1653.59	2603.59	1653.59	2603.59
14	Rs.10/-)Other Equity excluding Revaluation	-	--	-	-	--	9058.02
15	ReserveEarnings per share (EPS for thequarter and half year ended is not
	annualised)
	BasicDiluted	0.01*0.01	(0.31)(0.31)	0.010.01	(0.30)(0.30)	(0.58)(0.58)	0.030.03

See accompanying note to the financial results.

/

PATEL INTEGRATED LOGISTICS LIMITED

STATEMENT OF ASSETS AND LIABILITIES AS AT 30™ SEPTEMBER, 2021

PATEL INTEGRATED LOGISTICS LIMITED
STATEMENT OF ASSETS AND LIABILITIES AS AT 30™ SEPTEMBER, 2021		(Rs. In Lacs}
Pamlelars
	30.09.2021 31.03.2021Unaudited Audited
ASSETS
Non-Current Assets
a) Property, plant and equipmentb) Capital work-in-progress	5082.6650.37	4785.3978.36
c) Investment Property	519.16	524.04
d) Intangible assetse) Financial assets:*	2,17	3.25
Non-current Investmentsi)ii) Loans	305.03	381.86
iii) Other Financial Assets	53.99290.87	53.99391.99
f) Other non —current assetsTotal Non-Current Assets	--	=
Current Assets	6304.25	6218.88
a) Inventories	sin	as
b) Financial assets:Current Investmentsi)	514.50	557.07
ii) Trade receivables	6280.01	7190.89
iii) Cash and cash equivalentsiv) Bank Balance other than above	298,241303.55	1313.97993.82
v) Loansvi} Other Financial Assets	"=152.25	a
c} Other current assets	2514.06	146.582608.14
Total Current AssetsTOTAL ASSETS	11062.6117366.86	12810.4719029.35
We
EQUITY AND LIABILITIESEquity:
a) Equity share capital	2603.59	2603.59
b) Other equityTotal Equity	9089.6511693.24	9058.0211661.61
Non-current liabilities
(a) Financial liabilitiesi) Borrowings	1641.43	1876.50
ii) Other Financial Liabilities	328.81	307.86
(b) Deferred Tax liabilities (net)Total Non-current liabilities	243.592213.83	230.062414.42
Current liabilities
a) Financial liabilitiesi) Borrowings	2699.09	3557.19
ii) Trade Payablesiii) Other financial liabilities	(321.02)	183.37
b) Other current liabilities	720.96325.65	868.49308.10
c) Short-term provisionsTotal Current liabilities	35.113459.79	36.174953.32

Lo

! —

				(Rs. In Lacs)
	CASH FLOW STATEMENT
		30.09.2021 30.09.2021		30.09.2020 30.09.2020
	CASH FLOW FROM OPERATING ACTIVITIES :	Rupees	Rupees	Rupees	Rupees
A:	Net Profit Before Tax		(76.97)		(109.27)
	Adjusted For:Profit / Loss on Sale / Discard of Assets (Net)	(11.48)		(84.57)
	Depreciation	122.35		117.61
	(Net gain) / Loss on Sale of Current/Non Current InvestmentsDividend Income	(0.37)		(8.72)
	Interest Income	(0.45)(78.94)		(15.29)(84.17)
	Finance Cost	285.48		362.15
	Operating Profit Before Working Capital Changes		316.59239.62		287.01177.74
	Adjusted For :
	Trade and Other ReceivablesTrade and Other Payables	1011.91(504.47)		2496.63(2744.25)
		:	507.44		{247.62}
	Cash Generated from Operations		747.06		(69.88)
				853.99
	Taxes Received / (Paid) (Net)	106.52			853.99
			106.52
	Net Cash from Operating Activities		853.58
	CASH FLOW FROM INVESTING ACTIVITIES :
	Purchase of Fixed Assets		(440.04)
	Sale of Fixed Assets		37.85		784.11(70.21)
	(Purchase) / Sale of Current / Non Current Investment (Net)Movement in Fixed Deposits (Net)=		285.35(63.06)
	(Increase) / Decrease in Capital Work in Progress		27.99
	Interest Received		73.26
	Dividend ReceivedNet Cash (used in) Investing Activities		0.45(78.20)		103.6069.4379.5415.29197.65
	CASH FLOW FROM FINANCING ACTIVITIES :Proceeds from Public Deposits (Net)		(343.30)
	Proceeds from Long Term Borrowings (Net)		(27.31)		38.31(195.77)
	Interest Paid		(289.69)		(347.94)
	Dividend PaidNet Cash (used in) / from Financing Activities		(26.04)(686.34)
	Net Increase / (Decrease) in Cash and Cash EquivalentsOpening Balance of Cash and Cash Equivalents		89.04(1325.18)		(505.40)476.36(2767.70)

NOTES:

• 1. The results of the quarter and half year ended 30" September, 2021 were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 11 November, 2021. They have been subjected to limited review by the statutory auditors.
• 1. The Company's activity falls within a single business segment i.e Co-loading of Air Freight.
• 1. There has been no deviation in the use of proceeds of the Rights issue of year 2020-21, from the objects stated in LOF.
• 1. The Company has opened rights issue for the year 2021-22 on 9th November, 2021 and will get closed on 23rd November,2021. Major portion of fund raised would be utilized for making the Company net external debt free.
• 1. Previous period's and year's figures have been recast / restated wherever necessary.

PLACE: MUMBAI DATE: 11.11.2021

_ By Order of the Board For PATEL INTEGRATED LOGISTICS LIMITED ae (HARI NAIR} MANAGING DIRECTOR

HITESH SHAH & ASSOCIATES CHARTERED ACCOUNTANTS |

Office No.208, 2nd Floor, Plot No.26, Shalimar Miracle, Opp. City Centre, Next to Sardar Pate] Hall, Jawahar Nagar, Goregaon (W), Mumbai-400 062. Tel: 28745501 / 28744782. Mobile No. 98211 40636 Email : ca.hsa1o88@gmail.com / hiteshshahansassociates@gmail,com

Independent Auditor's Review Report

To the Board of Directors of Patel Integrated Logistics Ltd

• ds We have reviewed the accompanying statement of unaudited financial results (the statement) of PATEL INTEGRATED LOGISTICS LTD ('the company") for the quarter ended September 30, 2021 and year to date _ from April 1, 2021 to September 30, 2021 (the statement) attached herewith, being submitted by the company pursuant to regulation 33 of the securities and exchange board of India (listing obligations and Disclosure requirements) Regulations, 2015,
• This statement is the responsibility of the Company's Management and is subject to approval by the Board of Directors of the company at their meeting to be held on November 11, 2021. This statement has been prepared on the basis of the related interim financial statements in accordance with the recognition and measurement principles laid down in in Indian Accounting Standard 34 " Interim Financial Reporting" ("Ind AS 34"), 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 these financial statements based on our review.
• We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410 'Review on Interim Financial Statements performed by 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.

re

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 principles laid down in in Indian Accounting Standard 34 " Interim Financial Reporting" ("Ind AS 34"), prescribed under section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and policies has disclosed the information required to be disclosed in the terms of the securities and exchange board of India (listing obligations and Disclosure requirements) Regulations, 2015, including the manner in which it is to be disclosed or that it contains any material misstatement.

M. NG

Mumhai November 11, 2021. UDIN: 21040999AAAAHS5005