PTL Enterprises Ltd — Interim / Quarterly Report 2022

Aug 4, 2021

PTL ENTERPRISES LIMITED

Website: www.ptlenterprise.com j E.mail: investors@ptlenterprlse.com I CIN • L25111KL1959PLC009300

4th August, 2021

The Secretary National Stock Exchange of India Ltd Exchange Plaza, Bandra-Kurla Complex, Bandra (E), Mumbai - 400051 Trading Symbol: PTL

The Secretary BSE Ltd Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400001 Scrip Code:509220

Sub: Outcome of the Board Meeting held on 4th August, 2021

Dear Sir/ Madam,

In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing regulations"), we wish to inform you that Board of Directors of the Company in their meeting held on 4th August, 2021 have inter alia approved the Unaudited Financial Results for the quarter ended June, 30, 2021 as recommended by the Audit Committee.

Pursuant to Regulation 33 of Listing Regulations, we are enclosing the following:

• (a) Statement showing the unaudited Financial Results of the Company under Indian Accounting Standards (IND AS) for the quarter ended June, 30, 2021.
• (b) Limited Review Report with respect to the unaudited Financial Results of the Company under Indian Accounting Standards (IND AS) for the quarter ended June, 30, 2021

The Board Meeting commenced at 2:30 P.M. and concluded at 'l : S"S' P.M.

Please take the above information on your records.

Thanking you Yours Faithfully

For PTL ENTERPRISES LIMITED

??m";,? Company Secretary (f 4971) B-39, Vikalp Appts. Plot No. 92, 1.P. Extn., Delhi-110092

Corporate Offlc::e: C/o Apollo Tyres Limited, Apollo House, 7, Institutional Area, Sector -32, Gurgaon -122001 ( Haryana) Tel.: (0124) - 2383002, 2383003, Fax: (0124) • 2383021, 2383017 Registered Offlc::e : 3rd Floor, Areekal Mansion, Near Manorama Junction, Panampilly Nagar, Kochi • 682036

Tel.: (0484) - 4012046, 4012047, (Fax): (0484) · 4012048

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

Review Report to The Board of Directors PTL Enterprises Limited

• 1. We have reviewed the accompanying Statement of Unaudited Financial Results of PTL Enterprises Limited ("the Company"), for the quarter ended June 30, 2021 ("the Statement"), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
• 1. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"). 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.
• 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. 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 audit and accordingly, we do not express an audit opinion.
• 1. 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 applicable Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder 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) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

Other Matter

1. Attention is drawn to the fact that the figures for the three months ended March 31, 2021 as reported in these unaudited financial results are the balancing figures between audited figures in respect of the full previous financial year and the published year to date figures up to the third quarter of the previous financial year. The figures up to the end of the third quarter of previous financial year had only been reviewed and not subjected to audit.

Our Conclusion is not modified in respect of this matter.

For SCV & CO. LLP

PLACE : Naida DATED: August 4, 2021

Other Offices

505, 5th Floor, Tower B, World Trade Tower Sector 16, Noida- 201301 T: +91-120-4814400

4/18, Asaf Ali Road. New Delhi-110002 T: +91 - 11 - 23274888/77410 B-XIX-220,Rani Jhansi Road, Ghumar Mandi Ludhiana -121001 T:+91-161-2774527•F:+91-161-2771618

PTL ENTERPRISES LIMITED

Website: www.ptlenterprise.com I E.mail: investors@ptlenterprise.com I CIN - L25111KL 1959PLC009300

STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2021 Rs Lakhs

		VEARQUARTER ENDED			ENDED
SLNO.	PARTICULARS	31.03.202130.ot.2021		30.01.2020	31.03.2021
			41IRefer Nftfa	(UNAUDITED)(UNAUDITED)(UNAUDITED)	(AUDITED)
		1,580.32	1,579.43	1,580.32	6,322.15
1	from operationsRevenue	14.61	50.15	555.54	736.69
23	incomeOther(1 + 2)incomeTotal	1,594.93	1,629.58	2,135.86	7,068.84
'	Expenses		30.87	64.52	224.76
	(a) Employee benefitsexpense	59.75	199.92	93.44	703.78
	costs(b) Finance	190.55	46.94	37.73	160.25
	(c) Depreciation and amortizationexpense	39.02	95.06	82.37	352.89
	(d} Otherexpenses	85.30	372.79	278.06	1,441.68
	Totalexpenses	374.62
'	tax (3 - 4)andexceptional itemsbeforeProfit	1,220.31	1,256.79	1,857.80	5,617.16
s	Exceptionalitems	-	-	2,935.64	2,935.64
7	(5 + 6)taxbeforeProfit	1,220.31	1,256.79	4,793.44	8,552.80
s	Taxexpense	341.47	340.85	484.98	1,548.73
	(a) Currenttax	2.09	11.89	(4.13)	(0.39)
	(b) Deferredtax	343.56	352.74	480.85	1,548.34
	Totaltaxexpense(7 - 8)	876.75	904.05	4,312.59	7,004.46
9	period I yearfor theProfit
10	(OCI)comprehensiveincomeOther
	subsequently to profit or lossthat will not be reclassified(i) Items		84.41	(70.65)	(68 12)
	benefit plansof definedremeasurementa. Gain I (Loss) on	(17.03)
	in equityof investmentin fair valuechangeb. Gain I (Loss) on	170.01	3,779.38	1,165.52	10,734.39
	through OCIat fair valuecarriedinstruments	13.41	10.06	10.06	40.24
	revaluationtax adjustment onc. Deferredified tobe recla
	(a & b) that will nottax relating to items(ii) Income	(15511	(461.47)	(117.98)	(1,233.20)
	profit or lossperiod I year	150.88	3,412.38	986.95	9,473.31
	for thecomprehensiveincomeOther(9 + 10)for the period I year	1,027.63	4,316.43	5,299.54	16,477.77
11	comprehensive incomeTotalof Rs. 2 each)capital (equity shares	1,323.77	1,323.77	1,323.77	1,323.77
12	Paid-up equity sharereserves				28,728.32
13	excluding revaluationReserves
14	(not annualised)2 each)(of Rs.shareEarningsper		1.37	6.52	10.58
	(Rs.)Basic	1.32	1.37	6.52	10.58
	(Rs.)Diluted·-	1.32'-
	results)financialto thenr-,,c(See accompanying notes	n?
		¥??	???
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y I p y I p g Tel.: (0124) - 2383002, 2383003, Fax: (0124)- 2383021, 2383017 ? ? re Acco? Cor orate Office: C o A ollo T res Limited A ollo House ·? _ icnal Area Sector -32, Gur aon -122001 Har ana)

Registered Office: 3rd Floor, Areekal Mansion, Near Manorama Junction, Panampilly Nagar, Kochi - 682036 Tel.: (0484) - 4012046, 4012047, (Fax): (0484) - 4012048 p

NOTES:

• The Company's operation predominantly comprise of only one business segment Income from lease of Plant to Apollo Tyres Ltd.
• 2 The above financial results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015, as amended (Ind AS), as prescribed under section 133 of the Companies Act 2013 and in terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, and other recognized accounting practices and policies to the extent applicable.
• 3 The Management has evaluated the possible effects that may result from the pendemic relating to COVI0-19 in the preparation of these financial results including the recoverability of carrying amounts of financial and non financial assets and based on its review and current indicators of future economic conditions. there is no significant impact on its financial results. In developing the assumptions relating to the possible future uncertainties in the global economic conditions because of COVID-19, the Company has, at the date of approval of these financial results, used internal and external sources of information on the expected future performance of the Company. The impact of COVI0-19 on the Company's financial results may differ from that estimated as at the date of approval of these financial results.
• 4 The figures for the quarter ended March 31, 2021 are the balancing figures between the audited figures in respect of the full financial year ended March 31, 2021 and the unaudited published year to date figures upto December 31, 2020 being the date of the end of third quarter of the previous financial year, which have been subject to limited review.
• 5 During the current quarter. the Company has invested Rs.3.999.11 Lakhs in equity shares of Apollo Tyres Limited, which is engaged in the business of manufacture and sales of tyres. Apollo Tyres Limited has shown PTL Enterprises Limited as a part of Promoter Group in its communication to Stock Exchanges.
• 6 Previous period's figures have been regrouped I reclassified wherever necessary to correspond with the current period's classification I disclosure.
• 7 The above results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on August 04, 2021. The Statutory Auditors have expressed an unmodified conclusion on the aforesaid results.

For and on behalf of the Board of Directors of PTL ENTERPRISES LTD.

Place: Gurgaon Date: August 4, 2021 ONKAR KANWAR CHAIRMAN