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Poddar Pigments Ltd. Board/Management Information 2021
61161_rns_2021-07-31_04e254da-257d-4f2a-b848-ff1cef5cc347.pdf
Board/Management Information
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PODDAR PIGMENTS
Ref: PPL/JPR/SECT/2021-22
BSE Ltd., Phiroze Jeejeebhoy Towers, 25th Floor, Dalal Street, Fort, MUMBAI - 400 001
Dated: 31.07.2021
National Stock Exchange of India Ltd., Exchange Plaza, Plot No. C/1, G Block, Bandra-Kurla Complex, Bandra (E), MUMBAI - 400 051
Company Code: 524570
Company Symbol: PODDARMENT
Sub: Disclosure of outcome of Board Meeting dated 31.07.2021 and Intimation of 30th Annual General Meeting and Closure of Register of Members and Share Transfer Books
Dear Sir.
In terms of Regulation 33 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015 (the 'Listing Regulations'), we wish to inform you that the Board of Directors of the Company in its meeting held today at 11.30 A.M. and concluded at 15.00 P.M., approved the Unaudited Financial Results of the Company for the Quarter ended 30th June, 2021. Pursuant to applicable provisions of the Listing Regulations, we enclose following:
- (a) Statement of Unaudited Financial Results for the Quarter ended 30th June, 2021.
- (b) Statement of Unaudited Financial Results for the Quarter ended 30th June, 2021 for publication.
- (c) Limited Audit Review Report on Unaudited Financial Results for the Quarter ended 30th June, 2021.
This is to inform you that under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015, ("Listing Regulations") the 30th Annual General Meeting ("AGM") of the company schedule to be held on Wednesday, 8th September, 2021 at 11.00 A. M. through Video Conference.
Pursuant to Regulation 42 of the Listing Regulations, we hereby inform that the Register of Members and Share Transfer Books of the Company shall remain closed from 2nd September, 2021 to 8th September, 2021 (both days inclusive) for the purpose of 30th Annual General Meeting schedule to be held on 8th September, 2021.
Further, as per Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014, as amended and Regulation 44 of the Listing Regulations, the company is providing facility to the members to cast their votes by electronic means on all the resolutions set out in the Notice of 30th AGM through e-voting services provided by Link Intime India Pvt. Ltd.
Poddar Pigments Limited
Regd. Office & Works : E-10-11 & F-14 to 16 RIICO Industrial Area, Sitapura Jaipur - 302 022 Rajasthan, India. Tel.: +91-141-2770202/03/287/291 $Fax: +91-141-2771922$ Email: [email protected] CIN: L24117RJ1991PLC006307 GSTIN: 08AAACP1125E1ZZ
The cut-off date for determining the eligibility of Members to vote by remote e-voting or voting at 30th AGM is Wednesday, 1st September, 2021. The remote e-voting will commence on Sunday, 5th September, 2021 at 9.00 a.m. (IST) and will end on Tuesday, 7th September, 2021 at 5.00 p.m. (IST). Also, providing Instameet Platform for conducting 30th AGM through VC /OVAM (including InstaPoll i.e. electronic voting during 30th AGM).
We request you to take the same on record.
Thanking you,
Yours faithfully For Poddar Pigments Limited
(Navin Jain) AVP (Legal) & Company Secretary Encl: a/a
Poddar Pigments Limited
Regd. Office & Works : E-10-11 & F-14 to 16 RIICO Industrial Area, Sitapura Jaipur - 302 022 Rajasthan, India. Tel.: +91-141-2770202/03/287/291 $Fax: +91-141-2771922$ Email: [email protected] CIN: L24117RJ1991PLC006307 GSTIN: 08AAACP1125E1ZZ
| PODDAR PIGMENTS LIMITED | ||||||
|---|---|---|---|---|---|---|
| REGD. OFFICE: E-10-11 & F-14-16, RIICO INDUSTRIAL AREA, SITAPURA, JAIPUR (RAJASTHAN)-302022 | ||||||
| CIN: L24117RJ1991PLC006307, Tel. No: 0141-2770202/ 03 | ||||||
| E-mail address: [email protected], Website address: www.poddarpigmentsltd.com | ||||||
| Statement of Unaudited Financial Results for the Quarter Ended 30th June, 2021 | ||||||
| (Rs. in Lakh , except per share data) | ||||||
| Quarter Ended | Year ended | |||||
| S. No. | Particulars | Unaudited | Audited | Unaudited | Audited | |
| 30-Jun-21 | 31-Mar-21 | 30-Jun-20 | 31-Mar-21 | |||
| $\mathbf{1}$ | Income from operations | |||||
| a) | Revenue from Operations (Gross) | 6,863.42 | 9,195.25 | 3,953.21 | 29,451.72 | |
| Less: GST | 827.25 | 1,103.38 | 343,11 | 3,381.82 | ||
| Revenue from Operations | 6,036.17 | 8,091.87 | 3,610.10 | 26,069.90 | ||
| b) | Other Income | 135.11 | 8.76 | 159.33 | 363.81 | |
| Total income from operations(Net) | 6,171.28 | 8,100.63 | 3,769.43 | 26,433.71 | ||
| $\overline{2}$ | Expenses | |||||
| a) | Cost of materials consumed | 4,219.97 | 5,637.59 | 2,721.61 | 17,969.99 | |
| b) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | (73.67) | (179.83) | |||
| c) | Employee benefit expenses | (372.50) | 94.30 | |||
| d) | Finance costs | 694.90 | 666.71 | 620.17 | 2,555.70 | |
| e) | Depreciation and amortisation expenses | 9.97 | 7.88 | 7.12 | 27.74 | |
| f) | Other Expenses | 48.64 | 51.54 | 52.76 | 210.59 | |
| Total expenses | 628.64 | 681.45 | 504.43 | 2,480.88 | ||
| 3 | Profit/(loss) before Exceptional Item | 5,528.45 | 6,865.34 | 3,533.59 | 23,339.20 | |
| $\overline{4}$ | Tax Expenses | 642.83 | 1,235.29 | 235.84 | 3,094.51 | |
| Current Tax: | ||||||
| Deferred Tax: | 161.79 | 252.00 | 67.00 | 774.80 | ||
| Tax Adjustment Of Earlier Years | 9.17 | (46.75) | 7.20 | (46.05) | ||
| 5 | Net Profit for the period | |||||
| 471.87 | 1,030.04 | 161.64 | 2,365.76 | |||
| Total Other Comprehensive Income for the period(net of tax)(Net gains/(losses) on | ||||||
| 6 | fair value of equity instruments and actuarial gain/(loss) on defined benefit plan) | 1,100.76 | 556.67 | 1,538.62 | 3,112.53 | |
| (Refer Note No.-2) | ||||||
| 7 | Total Comprehensive Income for the period(after tax) | 1,572.63 | 1,586.71 | |||
| 8 | Paid up equity share capital (Face Value Of the share- Rs 10/- per share) | 1,700.26 | 5,478.29 | |||
| Earning per Equity Share (Not Annualised)(Before Other Comprehensive | 1,061.00 | 1,061.00 | 1,061.00 | 1,061.00 | ||
| 9 | Income) | |||||
| (Face value of Equity Share of Rs. 10 each) | ||||||
| 1 | Basic | |||||
| $\overline{2}$ | Diluted | 4.45 | 9.71 | 1.52 | 22.30 | |
| Notes: | 4.45 | 9.71 | 1,52 | 22.30 | ||
| 1 The above unaudited financial results were reviewed by the Audit Committee and also approved by the Board of Directors at their Meeting held | ||||||
| on 31st July, 2021 and have undergone a 'Limited Review" carried by the Statutory Auditors of the Company as required under Regulation | ||||||
| 33 of the Securities and Exchange Board of India (Listing Obligations and Discosure Rquirements) Regulations, 2015 The Review Report of the | ||||||
| Statutory Auditors is Being Filed with the Bombay Stock Exchange and National Stock Exchange and display on company website | ||||||
| i.e.www.poddarpigmentsltd.com. | ||||||
| $\mathbf{z}$ | ||||||
| The total Other Comprehensive Income (net of tax) is resultant impact of net gain/ (loss) based on fair value of equity instrument and fair value | ||||||
| of actuarial gain/ (loss) as per Ind AS. As per fair valuation, the cumulative impact of Other Comprehensive Income (net of tax) is a net gain of Rs | ||||||
| 4525.62 lakhs as on 30th June, 2021 including net gain of Rs. 1100.76 lakhs in the current quarter ended on 30th June, 2021. | ||||||
| $\mathbf{3}$ | ||||||
| The company has only one reportable segment business segments i.e. Masterbatches. Accordingly, separate information in terms of Ind-AS 108 are | ||||||
| not applicable to the company. |
4 The outbreak of COVID19 pandemic and consequent lockdown has impacted the regular business operations. The results for the quarter are therefore not comparable with those for the previous quarter. The Company believes that pandemic is unlikely to impact on the recoverability of the carrying value of its assets as at 30th June, 2021. The company continues improve its execution effeciencies and the financial outcome.
- 5 The figures for the quarter ended 31 March, 2021 are the balancing figures between audited figures in respect of the full financial year and the published year to date figures up to the third quarter of the financial year 2020-21.
- 6 Figures for the previous period have been regrouped/reclassified wherever necessary, to conform to current period's classification.
PLACE: CHENNAI DATE: 315T JULY, 2021 For and on behalf of the Board of Directors Poddar Pigments Limited
S. S. PODDAR MANAGING DIRECTOR
PODDAR PIGMENTS LIMITED REGD. OFFICE: E-10-11 & F-14-16, RIICO INDUSTRIAL AREA, SITAPURA, JAIPUR (RAJASTHAN)- 302022 CIN: L24117RJ1991PLC006307, Tel. No: 0141-2770202/03
E-mail address: [email protected], Website address: www.poddarpigmentsltd.com
Statement of Unaudited Financial Results for the Quarter Ended 30th June, 2021
| (Rs. in Lakh , except per share data) | ||||
|---|---|---|---|---|
| Ouarter Ended | Year ended | |||
| Particulars | Unaudited | Audited | Unaudited | Audited |
| $30 - \frac{1}{1}$ | 31-Mar-21 | $30$ -Jun-20 | 31-Mar-21 | |
| Total Income from Operations | 6171.28 | 8100.63 | 3769.43 | 26433.71 |
| Net Profit / (Loss) for the period (before Tax, Exceptional and/orExtraordinary items) | 642.83 | 1235.29 | 235.84 | 3094.51 |
| Net Profit / (Loss) for the period before tax (after Exceptional and/orExtraordinary items) | 642.83 | 1235.29 | 235.84 | 3094.51 |
| Net Profit / (Loss) for the period after tax (after Exceptional and/orExtraordinary items) | 471.87 | 1030.04 | 161.64 | 2,365.76 |
| Total Comprehensive Income for the period [Comprising Profit / (Loss)for the period (after tax) and Other Comprehensive Income (after tax)] (Refer note - 2) | 1572.63 | 1586.71 | 1700.26 | 5,478.29 |
| Equity Share Capital | 1061.00 | 1061.00 | 1061.00 | 1061.00 |
| Earnings Per Share (of Rs. 10/-each) (for continuing and discontinuedoperations) - | ||||
| 1. Basic: | 4.45 | 9.71 | 1.52 | 22.30 |
| 2. Diluted: | 4.45 | 9.71 | 1.52 | 22.30 |
Notes:
The above unaudited financial results were reviewed by the Audit Committee and also approved by the Board of Directors at $\mathbf{1}$ their Meeting held on 31st July, 2021 and have undergone a 'Limited Review" carried by the Statutory Auditors of the Company as required under Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Discosure Rquirements) Regulations, 2015 The Review Report of the Statutory Auditors is Being Filed with the Bombay Stock Exchange and National Stock Exchange and display on company website i.e.www.poddarpigmentsltd.com.
$,2$ The total Other Comprehensive Income (net of tax) is resultant impact of net gain/ (loss) based on fair value of equity instrument and fair value of actuarial gain/ (loss) as per Ind AS. As per fair valuation, the cumulative impact of Other Comprehensive Income (net of tax) is a net gain of Rs 4525.62 lakhs as on 30th June, 2021 including net gain of Rs. 1100.76 lakhs in the current quarter ended on 30th June, 2021.
$\overline{3}$ The company has only one reportable segment business segments i.e. Masterbatches. Accordingly, separate information in terms of Ind-AS 108 are not applicable to the company.
- 4 The outbreak of COVID19 pandemic and consequent lockdown has impacted the regular business operations. The results for the quarter are therefore not comparable with those for the previous quarter. The Company believes that pandemic is unlikely to impact on the recoverability of the carrying value of its assets as at 30th June,2021. The company continues to moniter the economic effects of the pandemic while taking steps to improve its execution effeciencies and the financial outcome.
- $\sqrt{5}$ The figures for the quarter ended 31 March, 2021 are the balancing figures between audited figures in respect of the full financial year and the published year to date figures up to the third quarter of the financial year 2020-21.
- $\overline{6}$ Figures for the previous period have been regrouped/reclassified wherever necessary, to conform to current period's classification.
PLACE: CHENNAI DATE: 31ST JULY, 2021
For and on behalf of the Board of Directors Poddar Pigments Limited
S. S. PODDAR MANAGING DIRECTOR
K-60, 2nd Floor, Connaught Place,Opp. PVR Plaza, New Delhi-110001 Phone: 65398206 Telefax: 23414171 $Mob: +91-9312221383$ E-mail: [email protected] E-mail : [email protected] Website: www.mlgargco.com
Independent Auditor's Review Report on the Quarterly Unaudited Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended
TO THE BOARD OF DIRECTORS OF PODDAR PIGMENTS LIMITED
- We have reviewed the accompanying Statement of Unaudited Financial Results of $1.$ Poddar Pigments Limited ("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 Obligations and Disclosure Requirements) Regulation, 2015 ("the Regulation") as amended, read with SEBI Circular No. CIR/CFD/CMD1/44/2019 dated March 29, 2019. ("the Circular").
- This statement, which is the responsibility of the Company's management and approved $2.$ by the 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), "Interim Financial Reporting" as 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. Our responsibility is to express a conclusion on the Statement 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. 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. We have not performed an audit and accordingly, we do not express an audit opinion.
-
- Based on our review conducted as stated in paragraph 3 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 down in the aforesaid Indian Accounting Standard ('Ind-AS') specified under section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other recognized accounting practices and policies generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, read with the Circular, including the manner in which it is to be disclosed, or that it contains any material misstatement.
FOR M.L. GARG &CO. CHARTERED ACCOUNTANTS FRN 001604N
(M.L.GARG) PARTNER M.NO. 008850 UDIN: 21008850 A AAA DF8275 DATED: 31ST JULY 2021 PLACE:NEW DELHI
