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Rapicut Carbides Ltd. — Interim / Quarterly Report 2022
Aug 14, 2021
61106_rns_2021-08-14_80866650-e5f4-42f5-b22c-cb8db7f38056.pdf
Interim / Quarterly Report
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Corporate Relations Dept., BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400 001.
REF: RCL:KMS:BSE-BM-OUTCOME/21:
Date: 14th August, 2021
Dear Sir/ Madam,
Sub:Outcome of the Board Meeting held on 14th August, 2021. Scrip Code: 500360
We hereby inform you that as per Regulation 30 and 33 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 and with reference to our letter No. RCL:KMS:BSE REVISED-BM-INTIMN-260/21: dated 0s,0&'2021, at the Board Meeting of the Company convened, today i.e., 14th August, 2021, the following items were approved :-
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1) Unaudited Financial Results for the first quarter ended 30th June, 2021.
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2) The 44th Annual General Meeting of the Company will be held on Tuesday, 28th September, 2021, through Video Conferencing or Other Audio Video Means (OAVM).
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3) Messrs. K.C. Mehta & Co., Chartered Accountants, Vadodara are appointed as Statutory ·, Annual General Meeting till conclusion of 49th Annual General Meeting, subject toAuditors of the Company for a period of 5 years commencing from conclusion of 44th approval of Shareholders at 44th Annual General Meeting.
You are requested to take note of the above.
Thanking You,
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Yours faithfully, bid
For RAPICUT CARBIDES LIMITED - E> -�
\,;�- .;:
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Kamlesh M. Shinde (Company Secretary and Compliance Officer}
Encl: As above.
BM-260-corr
Rapicut Carbides Limited
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Regd. Office & Works: 119, GIDC Industrial Area,· On National Highway BOM-AHM, Ankleshwar - 393 002. Gujarat (India) Tel. : +91 (2646) 251118, 221071, 7622002203 E-Mail: [email protected] I [email protected] www.rapicutcarbides.com I www.rapicutcarbides.in CIN: L28910GJ1977PLC002998
E-Mail: [email protected] I [email protected] CIN: L28910GJ1977PLC002998
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UNAUDITED FINANCIAL RESULTS FOR THE FIRST QUARTER ENDED 30TH JUNE, 2021.
| Sr. No 1 |
(Rs. in Lakhs) Quarer ended Year ended . Pariculars 30/06/2021 31/03/2021 30/06/2020 31/03/2021 (Unaudited) (Audited) (Unaudited) (Audited) Income |
(Rs. in Lakhs) Quarer ended Year ended . Pariculars 30/06/2021 31/03/2021 30/06/2020 31/03/2021 (Unaudited) (Audited) (Unaudited) (Audited) Income |
(Rs. in Lakhs) Quarer ended Year ended . Pariculars 30/06/2021 31/03/2021 30/06/2020 31/03/2021 (Unaudited) (Audited) (Unaudited) (Audited) Income |
(Rs. in Lakhs) Quarer ended Year ended . Pariculars 30/06/2021 31/03/2021 30/06/2020 31/03/2021 (Unaudited) (Audited) (Unaudited) (Audited) Income |
(Rs. in Lakhs) Quarer ended Year ended . Pariculars 30/06/2021 31/03/2021 30/06/2020 31/03/2021 (Unaudited) (Audited) (Unaudited) (Audited) Income |
(Rs. in Lakhs) Quarer ended Year ended . Pariculars 30/06/2021 31/03/2021 30/06/2020 31/03/2021 (Unaudited) (Audited) (Unaudited) (Audited) Income |
|---|---|---|---|---|---|---|
| a) Revenue from operations |
784 | 1029 | 314 | 2801 | ||
| b) Other income |
~~-~~ | 2 | ~~-~~ | 2 | ||
| 2 | Total Revenue | 784 | 1031 | 314 | 2803 | |
| Expenses: | ||||||
| a) Cost of materials consumed |
472 | 586 | 124 | 1565 | ||
| b) Changes in inventories of finished goods work-in-progress and Stock-in-Trade |
57 | 87 | 41 | 317 | ||
| c) Employee benefits expense |
141 | 144 | 115 | 474 | ||
| d) Finance costs |
2 | 3 | 2 | 14 | ||
| e) Depreciation and amorization expense |
17 | 20 | 20 | 79 | ||
| fl Other expenses |
122 | 172 | 69 | 475 | ||
| Total expenses | 811 | 1012 | 371 | 2924 | ||
| 3 | Profit before exceptional items and tax | (27) | 19 | (57) | (121) | |
| 4 | Exceptional items | ~~-~~ | ~~-~~ | ~~-~~ | ~~-~~ | |
| 5 | Profit before tax | (27) | 19 | (57) | (121) | |
| 6 | Tax expense: | |||||
| a) Current tax |
~~-~~ | ~~-~~ | ~~-~~ | ~~-~~ | ||
| b) Earlier years tax |
~~-~~ | 5 | (2) | 8 | ||
| c) Deferred tax |
~~-~~ | (15) | ~~-~~ | (47) | ||
| 7 | Profit (Loss) for the period from continuing operations | (27) | 29 | (59) | (82) | |
| 8 | Other Comprehensive Income | |||||
| A) (i) Items that will not be reclassified to profit or loss | ~~-~~ | (4) | ~~-~~ | (20) | ||
| (ii)Income tax relating to items that will not be reclassified to profit or loss | ~~-~~ | ~~-~~ | ~~-~~ | 5 | ||
| BJ (i) Items that will be reclassified to profit or loss | ~~-~~ | ~~-~~ | ~~-~~ | ~~-~~ | ||
| (ii)Income tax relating to items that will be reclassified to profit or loss | ~~-~~ | ~~-~~ | ~~-~~ | ~~-~~ | ||
| 9 | Total Comprehensive Income for the period | (27) | 25 | (59) | (97) | |
| (Comprising Ptofit (Loss) and Other Comprehensive Income for the period) | ||||||
| 10 | Earnings per equity share: (Rs. 10/- each) | |||||
| (1) Basic | (0.50) | 0.47 | (1.10) | (1.80) | ||
| (2) Diluted | (0.50) | 0.47 | (1.10) | (1.80) |
NOTES:-
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(1) The above Unaudited Financial Results for the First Quarter ended 30th June, 2021 have been recommended by the Audit Committee and approved by the Board of Directors in their respective meetings held on 14th August, 2021.
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(2) The Company has only one reportable primary business segment as per IND AS 108 i.e. Tungsten & Tungsten Carbide Products.
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(3) Other Comprehensive Income/Expenses comprises of revaluation gain/loss due to change in fair market value of Investments and remeasurement of retirement benefits.
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(4) Figures for the previous period have been regrouped, reclassified and restated wherever necessary to make them comparable with the figures of the previous period.
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Place: Ankleshwar Date : 14/08/2021
Rapicut Carbides Limited
Regd. Office & Works: 719, GIDC Industrial Area, On National Highway BOM-AHM, Ankleshwar - 393 002. Gujarat (India) Tel. : +91 (2646) 251118, 221071, 7622002203 E-Mail : [email protected] I [email protected] www.rapicutcarbides.com I www.rapicutcarbides.in CIN: L28910GJ1977PLC002998
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CIN: L28910GJ1977PLC002998
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Maloo Bhatt & Co. CHARTERED ACCOUNTANTS
H.O.: 204-207, Parshwa Complex, Near Cash n Carry, Subhanpura Road, Ellorapark, Vadodara - 390 023 . +91 265 2392631 0 +91 99240 88339 � [email protected] e www.maloobhatt.com
Limited Review Report
Review Report to The Board of Directors Rapicut Carbides Limited Ankhleshwar.
We have reviewed the accompanying statement of standalone unaudited financial results ('the Statement') of Rapicut Carbides Limited ('the Company') for the quarter ended on 30[th ] June, 2021 being submitted by the company pursuant to the requirements of �egulation 33 of SEBI (Listing Obligation and Disclosure Requirements) Regulation 2015, as amended. This statement, which is the responsibility of the company's management and has been approved by the board of director, has been prepared in accordance with the recognition and measurement principle laid down in Indian Accounting Standards 34, "Interim Financial Reporting" (Ind AS 34) prescribed under section 133 of Companies Act 2013, as amended, 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 of the statement in accordance with 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 of financial results is free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide 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 standalone financial results prepared in accordance with Ind AS i.e. 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 as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.
Place: Vadodara Date: 14/08/2021
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For Maloo Bhatt & Co. Chartered Accountants FR. No. 129572W
YASH Digitally signed by YASH NARENDRAK UMAR BHATT NARENDRAKU MAR BHATT CA. Yash Bhatt Partner M. No. 117745 UDIN: 21117745AAAADQ5127
BRANCH:
307, Orion Arcade, Near lnox, Zadeshwar Road, Bharuch, Gujarat- 392011