RKEC Projects Limited — Interim / Quarterly Report 2022

Aug 14, 2021

To

14 Aug 2021

The Manager - Corporate Compliance, National Stock Exchange of India Limited Exchange Plaza, Plot No: C1, G Block, Bandra Kurla Complex, Bandra (East), Mumbai - 400051

Symbol: RKEC

OUTCOME OF THE BOARD MEETING HELD ON 14 Aug 2021

Dear Sir/Madam.

This is to inform you that a meeting of Board of Directors was scheduled at 11:00 A.M. but with the prior consent of the Directors it commenced at 2 P.M. on 14 Aug 2021 on Saturday and concluded at 4:50 P.M. at the Registered Office of the Company situated at D.No. 10-12/1, Rednam Alcazar, $3^{rd}$ Floor, Opp SBI Main Branch, Rednam Gardens, Visakhapatnam-530002 by virtual mode. The Board of Directors of the Company has approved and adopted the following:

• a) The Board of Directors recommended a final Dividend $@$ 12% i.e. Rs. 1.20 per equity share of Rs.10 for the FY 2020-21, subject to the approval of the shareholders in the ensuing Annual General Meeting:
• b) The Board of Directors Fixed the Book Closure date from 20th Sep to 27th Sep 2021 to ascertain the list of shareholders eligible for the recommended Dividend that shal be approved by the Shareholders in the ensuing AGM and the same was considered for the purpose of the Annual General Meeting;
• c) The Board of Directors finalized Monday, 27 Sep 2021 as the date of Sixteenth Annual General Meeting, to be held at 11.00 A.M through video conferencing. Notice of the Sixteenth Annual General Meeting was considered and approved;
• d) The Board of Directors considered and approved the Un-Audited Financial Results of the Company for the quarter ended on 30 June 2021 along with Limited Review Report thereon by the Statutory Auditors.
• e) The Company is targeting for improving the performance for the next three quarters with having an order book of Rs.883.6 Crores.

RKEC Projects Limited

Kindly take note of the same.

Sincerely Yours

For RKEC Projects Limited

Deepika Rathi atnam-Company Secretary & Compliance Officer

PROJE

RKEC Projects Limited

SARC & ASSOCIATES Chartered Accountants

49-28-13, Madhuranagar, Visakhapatnam, Andhra Pradesh - 530 016. India $M: +919885576567$ $T: +91891 - 2754479$ Email: chandra@sarcmail.in vizagbranch@sarcmail.in

Independent Auditor's Review Report on the quarterly unaudited Standalone Financial Results of RKEC Projects Limited under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

To the Board of Directors of RKEC Projects Limited

• 1. We have reviewed the accompanying Statement of unaudited standalone financial results of RKEC Projects Limited ("the Company") for the quarter ended June 30, 2021 ("the Statement") attached herewith, being submitted by the Company pursuant to the requirements 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 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 there under 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 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. Accordingly, we do not express an audit opinion.

1. Based on our review conducted as 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 Standards ('Ind AS'), specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued there under and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

FOR SARC & ASSOCIATES Chartered Accountants Firm Reg.No.006085N

Place: Visakhapatnam Date: August 14, 2021 CHANDRA SERHAR AKOL Founder Partner Membership No.20670

CARTES

UDIN: 21206704AAAAFC7125

An ISO 9001, 14001, and OHSAS 18001 Certified Company CIN - L45200AP2005PLC045795

RKEC Projects Limited

Registered office 10-12-1,3rd floor Rednam Alcazar, Redbam Gardens oppsbi main branch, Visakhapatnam-530002

Un Audited Standalone Financial Results for the Quarter ended 30th June 2021 Statement of Profit and Loss

Rs in Lacs
		For The Qtr endedFor the Year Ended
Sl. No.	Particulars	Quarter ended 30thJune 2021Un Audited	Quarter ended31st March 2021Audited	Quarter ended30th June 2020 UnAudited	Year ended 31st March2021 Audited
$\mathbf{1}$$\overline{2}$	Revenue from Operations	3,522.96	8,558.57	3,585.23	20,231.30
$\overline{3}$	Other Income	26.75	193.45	60.35	345.74
$\overline{4}$	Total $(1+2)$	3,549.71	8,752.02	3,645.58	20,577.04
	Expenses
	a) Operating expenses	2,141.88	6,149.22	2,138.06	14,488.65
	b) Impairment of FinancialInstruments			341.49	341.49
	c) Employee Benefit expenses	418.14	406.94	394.42	1,419.85
	d) Finance Costs	297.83	464.77	207.37	1,150.50
	e) Depreciation and
	amortisation expensesf) Other expenses	97.85	$-116.65$	99.97	398.80
	Total exepeses (4)	274.53	933.19	283.17	1,032.19
	Profit before exceptional	3,230.24	7,837.47	3,464.47	18831.47902
5	items$(3-4)$
6	Exceptional Items	319.47	914.55	181.11	1,745.56
7	Profit before Tax (5-6)	319.47
8	Tax expenses		914.55	181.11	1,745.56
	(a)Current Tax	79.87
	(a)Deffered Tax	$-20.15$	239.88$-70.75$	45.28	487.73
	Total Tax Expenses	59.72	169.13	23.80	$-18.66$
9	Profit for the year (7-8)	259.76	745.42	69.08	469.07
				112.03	1,276.49
10	Total Comprehensive Income,	259.76	745.42	112.03	1,276.49
11	Paid up Equity Share capital
	(Face value of Rs. 10 each)	2,399.00	2,399.00	2,399.00	2,399
12	Paid up debt capital/Outstanding debt	Nil	Nil	Nil	Nil
13	Earning per share
	(1) Basic (In Rs.)	1.08	3.10	0.46	5.32
	(2) Diluted ( In Rs.)	1.08	3.10	0.46	5.32

RKEC Projects Limited

GST No.: 37AACCR9682A1Z8

In Terms of our report of even date annexed
for SARC & Associates
Chartered Accountants	for and on behalf of baord of directors of
FRN: 006085NA	RKEC PROJECTS LTD
Э
Chandra Sekhar Akula空内Sig	(G. Radhakrishna) G.V.Ramamohan
Partner	Managing Director Whole time director
Membership No. 206704.	DIN: 00073080DIN:6602693
UDIN:
21206704AAAAC7125	Deepika Ration
Dt: 14-08-2021	R.JayachandranDeepika Rathi
Visakhapatnam	CFOCompany Secretary

RKEC Projects Limited

GST No.: 37AACCR9682A1Z8

Regd. Office: #10-12-1, 3rd Floor, Rednam Alcazar, Rednam Gardens, Opp. SBI Main Branch, Visakhapatnam-530 002 M: 0891-2574517 Tele Fax: 0891-2574703 Email: info@rkecprojects.com, Website: www.rkecprojects.com

B

$\bar{\chi}$

Registered office 10-12-1, 3rd floor Rednam Alcazar, Redbam Gardens Oppsbi main branch, Visakhapatnam 530002.

Un Audited Standalone Statement of Assets and Liabilites as at 30-06-2021

Rs in lacs
Particulars	Note.No.	June 30,2021[Reviewed]	June 30,2020[Reviewed]	March 31, 2021[Audited]
ASSETS
Non-Current Assets			2,805.87	5,472.31
a) Property, Plant and Equipment	$\overline{2}$	5,458.20	2,337.90	4.87
b) Capital Work-in-Progress		4.87
c) Investment Property
d) Goodwill		0.91	2.23	1.10
e) Other Intangible Assets	$\overline{3}$
f) Intangible Assets under Development
e) Biological Assets other than Bearer Plants
h) Financial Assets
i) Investments	$\overline{4}$	6.47	0.61	6.47
ii) Trade Receivables
iii)Loans
iv) Others (to be specified)				149.58
i) Deferred tax Assets	5	147.05	74.25
j) Other Non- Current Assets			5,220.86	5,634.34
		5,617.50
Current Assets
a) Inventories	6	7,774.90	7,854.19	7,152.85
b) Financial Assets
i) Investments
ii) Trade Receivables	$\overline{7}$	12,564.11	10,081.06	16,896.18118.54
iii) Cash and cash equivalents	8	186.42	201.91	3,625.73
iv) Bank balances other than (iii) above	9	3,858.55	3,618.93	106.80
v) Loans	10	110.19	821.78
vi) Others (to be specified)
c) Current tax Assets (Net)				2,363.92
d) Other Current Assets	11	2,832.94	2,452.2025,030.07	30,264.04
		27,327.10	30,251.93	35,899.38
Total Assets		32,945.60

RKEC Projects Limited

GST No.: 37AACCR9682A1Z8

Regd. Office: #10-12-1, 3rd Floor, Rednam Alcazar, Rednam Gardens, Opp. SBI Main Branch, Visakhapatnam-530 002 M: 0891-2574517 Tele Fax: 0891-2574703 Email: info@rkecprojects.com, Website: www.rkecprojects.com

$\frac{1}{2}$

UDIN: 21206704AAAAFC7125

Dt: 14-08-2021

Visakhapatnam

Projects An ISO 9001, 14001, and OHSAS 18001 Certified Company $\mathbf{C}$

CIN - L45200AP2005PLC045795

EQUITY AND LIABILITIES
Equity		2,399.06	2,399.06	2,399.06
a) Equity Share Capital	12	11,146.43	9,517.98	10,886.67
b) Other Equity	13	13,545.49	11,917.04	13,285.73
Liabilities
Non- Current Liabilities
a) Financial Liabilities		2,594.42	904.51	605.78
i) Borrowings	14
ii) Trade Payablesiii) Other Financial Liabilities (other than
those specified in item (b) above, to be
specified)		137.33	116.23	104.90
b)Provisions	15
c) Deferred tax Liabilities (Net)
d) Other Non- Current Liabilities		2,731.75	1,020.74	710.68
Current Liabilities
a) Financial Liabilities	16	5,486.95	8,054.13	10,100.48
i) Borrowings	17	5,619.69	6,311.12	6,656.38
ii) Trade Payables
iii) Other Financial Liabilities (other than	18	640.60	216.32	344.69
those specified in item (C)	19	4,128.95	2,518.17	4,205.84
b) Other Current Liabilities	20	791.18	213.41	594.59
c) Provisions
d) Current tax Liabilities (Net)		16,667.36	17,313.15	21,901.97
		32,945.60	30,251.93	35,899.38
Total Equity and Liabilities
In Terms of our report of even date annexed
				for and on behalf of board of directors of
for SARC & Associates		RKEC Pojects Ltd
Chartered AccountantsSSOCIATES
FRN: 006085MVISAKHARATTChandra Sekhar Akuła
		(G. Radhakrishna)		G.V.Ramamohan
		Managing Director		Whole time director
Partner		DIN: 00073080		DIN:6602693
Membership No. 20670477FRED		$\overline{\phantom{0}}$$\sim$		$\rho$ $\Lambda$ )

Deepika Deepika Rathi

Company Secretary

$\mathcal{L}_{\mathcal{Q}}$

RKEC Projects Limited

GST No.: 37AACCR9682A1Z8

Regd. Office: #10-12-1, 3rd Floor, Rednam Alcazar, Rednam Gardens, Opp. SBI Main Branch, Visakhapatnam-530 002 M: 0891-2574517 Tele Fax: 0891-2574703 Email: info@rkecprojects.com, Website: www.rkecprojects.com

in 1918Sta

R. Jaychandran

$CFO$

$\mathcal{D}$

Registered office 10-12-1 ,3rd floor Rednam Alcazar, Redbam Gardens oppsbi Main branch, Visakhapatnam 530002.

STANDALONE CASH FLOW STATEMENT FOR THE YEAR ENDED 30.06.2021

Rs in Lacs
Particulars	As at 30-06-2021	As at 31-03-2021
Cash flow from Operating Activities
Profit before Tax	319.47	1,745.56
Adjustments for
Depreciation	97.85	398.80
Loss/(Profit) from Joint Venture		7.02
Loss/(Profit) on Sale of Fixed Assets		$-0.36$
Interest Expense	297.83	1,150.50
Interest Income	$-26.75$	$-215.00$
Operating Profit before Working Capital
changes	688.41	3,086.52
Adjustments for
Increase/(Decrease) in Trade Payables	$-1036.69$	$-2,723.95$
Increase/(Decrease) in Long Term
Provisions	32.43	34.07
Increase/(Decrease) in Short Term
Provisions	196.59	$-367.92$
Increase/(Decrease) in Other Fiancial
Liabilities	295.91	$-75.16$
Increase/(Decrease) in Other Current
Liabilities	$-76.88$	1,340.77
(Increase)/Decrease in Trade Receivables	4332.07	$-6,243.44$
(Increase)/Decrease in Inventories	$-622.04$	45.82
(Increase)/Decrease in Short Term Loans
and Advances	$-3.39$	1,592.95
(Increase)/Decrease in Other Current Assets	$-469.01$	204.08
(Increase)/Decrease in Deferred Tax Assets	2.54	$-18.66$
Cash (used) in/generated from Operations	3339.92	$-3,124.93$
Income Taxes paid	$-59.72$	$-469.07$
Net Cash from Operating Activities	3280.21	$-3,594.00$
Cash Flow from Investing Activities

RKEC Projects Limited

GST No.: 37AACCR9682A1Z8

Purchase of Fixed Assets, including
Intangible Assets, CWIP and Capital		$-2,638.63$
Advances	$-83.54$	2,248.42
CWIP	0.00	$-5.74$
Investment in Joint Venture	0.00	$-7.02$
Profi/(Loss) from Joint Venture		64.19
Proceeds from Sale of Fixed Assets
Bank Balances not considered as Cash and		514.93
Cash Equivalents	$-232.81$26.75	215.00
Interest Received	$-289.61$	391.15
Net Cash from Investing Activities
Cash Flow from Financing Activities
Proceeds from (Repayment of) Long Term	1988.64	213.75
Borrowings
Proceeds from (Repayment of) ShortTerm	$-4613.53$	3,955.46
Borrowings
Dividend(Interim) paid during the year
(including Dividend Distribution Tax)	$-297.83$	$-1,150.50$
Interest Paid	$-2922.73$	3,018.70
Net Cash from Financing Activities
Net Increase/(Decrease) in Cash and Cash	67.87	$-184.16$
Equivalents
Cash and Cash Equivalents at the beginning of	118.54	302.70
the year
Cash and Cash Equivalents at the end of	186.42	118.54
the yearIn Terms of our report of even date annexed
for SARC & Associates		for and on behalf of board of directors of
Chartered Accountants	RKEC Pojects Ltd	$\checkmark$
0.22AFRN: 006085N		G.V.Ramamohan
Chandra Sekhar Akula	(G. Radhakrishna)	Whole time director
Partnerreadmaperthaus	Managing DirectorDIN: 00073080	DIN:6602693
es deMembership No. 206704
UDIN: 21206704 AAAA FC7126		Deepsta Rally
	R. Jaychandran	Deepika Rathi
Dt: 14-08-2021	CF O	Company Secretary
Visakhapatnam

RKEC Projects Limited

GST No.: 37AACCR9682A1Z8

Notes:
The Audited Financial statements for the Qtr ended 30th Jun 2021 have been reviewed and recommended by the Audit committee at itsmeeting held on August 14, 2021. The Statutory Auditor has given their Audit report on the Un Audited Financial for the Qtr ended30th June 2021 which reviewed by the audit committee and the board on 14th Aug 2021.
The statutory auditors have carried out an interim review of the standalone financial results as required under Regulation 33 of the SEBIListing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") and have issued an unmodified opinion thereon.
There is a common CODM assesses the internal reports of all the projects that the company is undertaking and accordingly the resource3 allocation and the key decisions are being handled. Also that there is a commonality involved in all the projects that the company isundertaking with respect to the nature of the work, technicality involved, expertise etc., In view of the same, no separate reportablesegments are identified by the Management for the purpose of reporting in the Financial statements.
During the Q1 of 2021-22, The company encountered slow down in allmost all the projects due to the outbreak of the second wave ofpandemic. inaddition to this the work at Farakka project also could not restart for the major activities. Further even though company couldresolve the major stressed debt, a further realisation of Rs 26 Cr which was expected is delayed. The sanction of BOB did practically reducedthe sanction limit of working capital by 12.50 cr. The above are the compunding factors for lower turnover.
The figures for the quarter ended Jun, 2021 are the balancing figures between Un audited figures for the Qtr Ended June 30, 2020 and the5 Audited figures for the Year Ended March 31, 2021The figures for the previous period have been regrouped / rearranged whereever consider necessary to confirm current period6 classification.
In Terms of our report of even date annexed
for SARC & AssociatesChartered AccountantsFRN: 006085NRAYAAPATM2Chandra Sekhar Akula	for and on behalf of board of directors ofRKRC Pojects Ltd
Partner	(G. Radhakrishna)Managing Director	G.V.RamamohanWhole time director
Membership No. 206704UDIN:	DIN: 00073080	DIN:6602693
21206704AAAAF
Dt: 14-08-2021	R. Jaychandran	Deepika Rathi
Visakhapatnam	CFO	Company Secretary

RKEC Projects Limited

GST No.: 37AACCR9682A1Z8

SARC & ASSOCIATES Chartered Accountants

49-28-13, Madhuranagar, Visakhapatnam, Andhra Pradesh - 530 016. India $M: +919885576567$ $T: +91891 - 2754479$ Email: chandra@sarcmail.in vizagbranch@sarcmail.in

Independent Auditor's Review Report on the quarterly Unaudited Consolidated Financial Results of RKEC Projects limited Pursuant to the Regulations 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

To the Board of Directors of RKEC Projects limited

• 1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of RKEC Projects limited ("the Parent") and its subsidiary (the Parent and its subsidiary together referred to as "the Group"), and its share of the net profit after tax and total comprehensive profit of its associates for the quarter ended June 30, 2021 ("the Statement"), being submitted by the Parent pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('the Listing Regulations').
• 1. This Statement, which is the responsibility of the Parent's management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in 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 there under 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 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. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.

• 1. The Statement includes the results of the following entities: a. CQCE-RKEC JV (Subsidiary) b. RKEC NG BHOIR AND SAMUDRAN JV (Subsidiary) c. RKEC RANSS CONSORTIUM (Associate)
• 1. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred to in paragraph 6 below, 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 Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued there under and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

FOR SARC & ASSOCIATES Chartered Accountants Firm Reg.No.006085N

CHANDRA SEKHAR AKULA Founder Partner Membership No.206704

Place: Visakhapatnam Date: August 14, 2021

UDIN: $212067040000000536$

Registered office 10-12-1 ,3rd floor Rednam Alcazar , Redbam Gardens oppsbi main branch, Visakhapatnam 530002. Un Audited Consolidated Financial Results for the Quarter ended 30th June 2021 Statement of Profit & loss

	Rs in LacsFor The Qtr ended
			For the Year Ended
Sl. No.	Particulars	Quarter ended 30thJune 2021Un Audited	Quarter ended 31stMarch 2021Audited	Quarter ended 30thJune 2020 Un Audited	Year ended 31st March2021 Audited
	Revenue from
1	Operations	3,528.50	8,581.41	3,589.15	20,786.63
$\overline{2}$	Other Income	27.00	193.21	60.35	345.74
3	Total $(1+2)$	3,555.50	8,774.63	3,649.50	21,132.37
4	Expenses
	a) Operating expensesp) impairment or	2,147.44	6,539.21	2,141.93	15,042.70
	Financial	1,047.17		341.49	341.49
	c) Employee Benefit
	expenses	418.14	406.81	394.42	1,419.85
	d) Finance Costs	297.83	439.78	207.37	1,150.50
	e) Depreciation and
	amortisation expenses	97.85	31.42	99.97	398.80
	f) Other expensesTotal exepeses (4)	274.53	442.80	283.17	1,033.56
		3,235.80	7,860.03	3,468.34	19,386.91
5	Profit before exceptional
	items$(3-4)$	319.70	914.60	181.16	1,745.46
6	Exceptional Items
7	Profit before Tax (5-6)	319.70	914.60	181.16	1,745.46
8	Tax expenses
	Current Tax	79.93	239.94	45.29	487.76
	Deferred Tax	$-20.15$	$-69.60$	23.80	$-18.66$
	Total Tax Expenses	59.77	170.34	69.09	469.10
9	Profit for the year (7-8)	259.93	744.25	112.07	1,276.36
	Other Comprehensive
10	Income				$\mathbf{0}$
	Total Comprehensive
11	Income (9+10)	259.93	744.25	112.07	1,276.36
	Paid up Share capital
12	(Face value of Rs. 10
	each)	2,399.00	2,399.00	2,399.00	2,399
13	Paid up debt capital/	Nil	Nil	Nil
	Outstanding debt				Nil
14	Earning per share
	$(1)$ Basic (In Rs.)	1.08	3.10	0.47	5.32
	(2) Diluted ( In Rs.)	1.08	3.10	0.47	5.32

RKEC Projects Limited

GST No.: 37AACCR9682A1Z8

In Terms of our report of even date annexed
for SARC & AssociatesChartered AccountantsFRN: 006085N	for and on behalf of board of directors ofRKEC Pojects Ltd
Chandra Sekhar AkulaеßPartner15,078Membership No. 206704 35 1999UDIN:R: 120670Visakhapatnam	(G. Radhakrishna)G.V.RamamohanManaging DirectorWhole time directorDIN: 00073080DIN:6602693Deepika falleR. JaychandranDeepika RathiCFOCompany Secretary

Registered office 10-12-1,3rd floor Rednam Alcazar, Redbam Gardens oppsbi Main branch, Visakhapatnam 530002.

Un Audited Consoidated Statement of Assets and Liabilites as at 30-06-2021

Amount in Lacs
Particulars	Note.	June 30, 2021	June 30, 2020	March 31, 2021
	No.	[Reviewed]	[Reviewed]	[Audited]
ASSETS
Non- Current Assets
a) Property, Plant and Equipment	$\overline{2}$	5,458.20	2,805.87	5,472.31
b) Capital Work-in-Progress		4.87	2,338.50	4.87
c) Investment Property
d) Goodwill
e) Other Intangible Assets	3	0.91	2.23	1.10
f) Intangible Assets under
Development
e) Biological Assets other than
Bearer Plants
h) Financial Assets
i) Investments	$\overline{4}$		0.61
ii) Trade Receivables
iii)Loans
iv) Others (to be specified)
i) Deferred tax Assets	5	147.05	74.25	149.58
j) Other Non- Current Assets
		5,611.02	5,221.46	5,627.87
Current Assets
a) Inventories	6	10,079.76	7,854.19	9,458.75
b) Financial Assets
i) Investments
ii) Trade Receivables	7	9,848.72	9,581.06	14,277.80
iii) Cash and cash equivalents	8	212.52	201.91	84.35
iv) Bank balances other than (iii) a	9	3,860.12	3,618.93	3,704.27
v) Loans	10	110.19	821.78	106.80
vi) Others (to be specified)
c) Current tax Assets (Net)
d) Other Current Assets	11	3,863.39	2,452.20	4,495.26
		27,974.70	24,530.07	32,127.23
Total Assets		33,585.72	29,751.53	37,755.09

UDIN:

Visakhapatnam

$21206704$ AAAAFD6536

An ISO 9001, 14001, and OHSAS 18001 Certified Company CIN - L45200AP2005PLC045795

EQUITY AND LIABILITIES
Equity
a) Equity Share Capital	12	2,399.06	2,399.06	2,399.06
b) Other Equity	13	11,146.49	9,517.98	10,554.20
		13,545.55	11,917.04	12,953.26
Liabilities
Non- Current Liabilities
a) Financial Liabilities
i) Borrowings	14	2,594.42	404.51	605.78
ii) Trade Payables
iii) Other Financial Liabilities (other than
those specified in item (b) above, to be
specified)
b)Provisions	15	137.33	116.23	104.90
c) Deferred tax Liabilities (Net)
d) Other Non- Current Liabilities
		2,731.75	520.74	710.68
Current Liabilities
a) Financial Liabilities
i) Borrowings	16	5,486.95	8,054.13	10,100.48
ii) Trade Payables	17	5,820.04	6,311.12	7,259.68
iii) Other Financial Liabilities (other than
those specified in item (C)	18	640.60	216.32	344.69
b) Other Current Liabilities	19	4,569.60	2,518.17	5,790.41
c) Provisions	20	791.23	214.01	595.89
d) Current tax Liabilities (Net)
		17,308.41	17,313.75	24,091.15
Total Equity and Liabilities		33,585.72	29,751.53	37,755.09
See accompanying notes to financial statements
In Terms of our report of even date annexed
for SARC & Associates			for and on behalf of board of directors of
Chartered Accountants			RKEC Pojects Ltd
FRN: 006085N/
۴TUSANNAPATMAL
Chandra Sekhar Akula *			(G. Radhakrishna)	G.V.Ramamohan
Partner			Managing Director	Whole time director
Membership No. 206704 / FRED ACCO			DIN: 00073080	DIN:6602693$0 \text{ h}$
LIDIN-

RKEC Projects Limited

Deep

Deepika Rathi

Company Secretary

R. Jaychandran

CFO

GST No.: 37AACCR9682A1Z8

(x

$4ec-$

CIN - L45200AP2005PLC045795

RKEC PROJECTS LIMITED

CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 30.06.2021
	Amount in Lacs
Particulars	Figures as at30-06-2021	Figures as at31-03-2021
Cash flow from Operating Activities
Profit before Tax	319.70	1,745.46
Adjustments for
Depreciation	97.85	398.80
Loss/(Profit) from Joint Venture		7.02
Loss/(Profit) on Sale of Fixed Assets		$-0.36$
Interest Expense	297.83	1,150.50
Interest Income	$-26.75$	$-215.00$
Operating Profit before Working Capital changes	688.64	3,086.41
Adjustments for
Increase/(Decrease) in Trade Payables	$-1,439.64$	$-2,416.29$
Increase/(Decrease) in Long Term Provisions	32.43	34.07
Increase/(Decrease) in Short Term Provisions	195.34	$-367.16$
Increase/(Decrease) in Other Fiancial Liabilities	295.91	$-75.16$
Increase/(Decrease) in Other Current Liabilities	$-1,220.91$	1,975.92
(Increase)/Decrease in Trade Receivables	4,429.08	$-5,813.00$
(Increase)/Decrease in Inventories	$-621.01$	$-331.54$
(Increase)/Decrease in Short Term Loans and Advances	$-3.39$	1,592.95
(Increase)/Decrease in Other Current Assets	964.30	$-875.55$
(Increase)/Decrease in Deferred Tax Assets	2.54	$-18.66$
Cash (used) in/generated from Operations	3,323.29	$-3,208.00$
Income Taxes paid	$-59.77$	$-469.07$
Net Cash from Operating Activities	3,263.52	$-3,677.08$
Cash Flow from Investing Activities
Purchase of Fixed Assets, including Intangible Assets, CWIP
and Capital Advances	$-83.54$	$-2,638.63$
CWIP		2,248.42
Investment in Joint Venture
Profi/(Loss) from Joint Venture	0	$-7.02$
Proceeds from Sale of Fixed Assets		64.19
Bank Balances not considered as Cash and Cash Equivalents	$-155.85$	436.40
Interest Received	26.75	215.00
Net Cash from Investing Activities	$-212.64$	318.36
Cash Flow from Financing Activities
Proceeds from (Repayment of) Long Term Borrowings	1,988.64	213.75
Proceeds from (Repayment of) ShortTerm Borrowings	$-4,613.53$	3,955.46
Dividend(Interim) paid during the year (including Dividend
Distribution Tax)
Interest Paid	$-297.83$	$-1,150.50$

RKEC Projects Limited

GST No.: 37AACCR9682A1Z8

CIN - L45200AP2005PLC045795

Net Cash from Financing Activities	$-2,922.73$	3,018.70
Net Increase/(Decrease) in Cash and Cash Equivalents	128.16	$-340.01$
Cash and Cash Equivalents at the beginning of the year	84.37	424.38
Cash and Cash Equivalents at the end of the year	212.52	84.37
In Terms of our report of even date annexed
for SARC & Associates	for and on behalf of board of directors of
Chartered Accountants	RKEC Pojects Ltd
FRN 7006085N
Chandra Sekhar Akula	(G. Radhakrishna)	G.V.Ramamohan
Partner	Managing Director	Whole time director
Membership No. 206704	DIN: 00073080	DIN:6602693
UDIN: 21206704		Deepka Kally
Dt: 14-08-2021	R. Jaychandran	Deepika Rathi
Visakhapatnam	CFO	Company Secretary

RKEC Projects Limited

GST No.: 37AACCR9682A1Z8