Salzer Electronics Ltd. — Annual Report 2022

Jun 3, 2022

SALZER ELECTRONICS LTD

Regd. Office : Samichettipalayam, Jothipuram (Post) Coimbatore -641 047. CIN : L03210TZ1985PLC001535. Phone No.0422-4233600/ 614/696 E-Mail : baskarasubramanian@salzergroup.com web site : https://www.salzergroup.net/

:\My Documents\25-S E L\28-EXCH\NSE\Corres.doc

June 2, 2022

To

National Stock Exchange of India Ltd., Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E) Mumbai – 400 051 Tel. No: 022 2659 8100/ 2659 8114 / 66418100

Dear Sir,

Sub : Seeking Clarification on Financial Result - 31.03.2022 – reg. Ref : Your E-Mail dt.01.06.2022.

This has reference to your e-mail cited above on the subject matter. In this connection, we would like to clarify as under

1. Consolidated segment details not submitted

Both the Parent Company and Subsidiary company are manufacturing its products under Single Segment only - Manufacture of Electrical Installation product. Hence, the submission of Segment details under both Standalone and Consolidated Financial Report does not arise.

2. Machine Readable Form / Legible copy of Financial Results not submitted.

We have filed PDF file of Quick result inadvertently instead of Machine readable PDF file. Hence, please permit us to file machine readable format of Quick result.

We regret for the inconvenience caused and hope your queries have been clarified.

Thanks and regards

Yours faithfully FOR SALZER ELECTRONICS LIMITED SANKARAN BASKARASUBR Digitally signed by SANKARAN BASKARASUBRAMANIAN DN: c=IN, o=Personal, pseudonym=a1f0970b14f7f3f1aa219a596ac23e84f 34efed54da38713c999d9ff09f00afc,

postalCode=641025, st=TAMIL NADU, serialNumber=e1f7b6cb4e1ce4b8d175adde6dd2a 24f6011a63e64d8c989aec8b27be44a424a, cn=SANKARAN BASKARASUBRAMANIAN

S.BASKARASUBRAMANIAN Director (Corporate Affairs) & Company Secretary (DIN :00003152 & FCS:4605) AMANIAN Date: 2022.06.02 18:07:00 +05'30'

May 21, 2022

To

THE CORPORATE RELATIONSHIP DEPT	M/s. National Stock Exchange of India Ltd.,
BSE Limited	Exchange Plaza, C-1, Block G,
Floor, New Trading Ring,	BandraKurla Complex,
Rotunda Building,	Bandra (E), Mumbai — 400 051
P.J.Towers, Dalal Street,	Tel :+91 22 26598235/36, 26598346
Fort, Mumbai - 400 001.	Fax : +91 22 26598237/38

SCRIP CODE: 517059

Symbol: SALZERELEC

Dear Sir,

Sub: Outcome of the Board Meeting held on May 21, 2022 Ref : Our letter dated May 11, 2022

We wish to inform in pursuance of Regulation 30 read with Schedule Ill of SEBI (Listing Obligation and Disclosure Requirements) Regulation 2015 that our Board of Directors at their meeting held today, May 21, 2022 considered and transacted, inter-alia, the following

a) Approved the Audited standalone as well as Consolidated Financial Results for the Fourth quarter and year ending March 31,2022.

We would also confirm that the Statutory Auditors of the company has issued Unmodified Opinion on the Standalone and Consolidated financial results,

A copy of both Standalone and consolidated Financial Results will be uploaded in the Company's website www.salzergroup.net .

Further, Pursuant to Regulation 47 of SEBI LODR Regulations, an extract of the aforesaid financial results in the manner prescribed under the SEBI Listing Regulations will be published in English and Tamil newspapers within time stipulated

b) Recommended a Dividend of Rs.1.80 per equity share of Rs.10/- each for the financial year ended March 31, 2022,

• c) Approved the Schedule of the 37" Annual General Meeting of the Company for the Financial year 2021-22, be held on September 10, 2022.
• d) Approved the closure of Register of Members and Share Transfer Book / Record Date on August 26, 2022 for the purpose of Dividend payment and 37" Annual General Meeting for the Financial year 2021-22

The Meeting commenced at 11.30 a.m and closedat__/' CC) __p.m

May kindly be acknowledged the receipt.

Thanking you

Yours faithfully For SALZER ELECTRONICS LTD

_—— . \ eT - ———

-BASKARASUBRAMANIAN DIRECTOR (CORPORATE AFFAIRS) & COMPANY SECRETARY (DIN :00003152 & FCS:4605)

Encl: As above

Statement of Standalone Audited Financial Results for the Fourth Quarter and year ended March 31, 2022

	ELECTRONICS SALZER	LTD.				Salar"
CIN	LO3210TZ1985PLC001535 :
	Statement of Standalone Audited Financial Results for the Fourth Quarter and year ended March 31, 2022
			Quarter ended			Rs. in Lacs except for per share data Year ended
	Particulars	31-03-2022	31-12-2021	31-03-2021	31-03-2022	31-03-2021
	Income	Refer Note No.vii	Un-Audited	Audited	Audited	Audited
a.	Revenue From Operations	22,802.03	21,182.83	18,969.17	78,363.30	60,561.96
b,	Other Income	34.67	88.25	143.95	217.88	199.16
	Total Income EXPENSES	22,836.70	21,271.08	19,113.12	78,581.18	60,761.12
ll a.	Cost of materials consumed	17,769.96]	18,181.62}	16,004.43	63,764.67	48,277.51
b.	Changes in inventories of finished goods,work-	785.51	-1,419.48	-921.06	-1,585.42	-1,238.29
c.	in-progress and stock-in-trade Employee benefit expenses	860.37	735.74	749.76	2,939.99	2,433.87
d.	Finance Cost	501.94	497.11	525.91	1,980.54	2,127.42
e.	Depreciation and amortisation expense	405.26	393.03	409.24	1,600.59	1,560.55
f.	Other expenses TOTAL EXPENSES	2,097.41 22,420.45}	1,917.00 20,305.02)	1,519.86 18,288.14	6,865.90 75,566.27	4,909.77 58,070.83
lll	PROFIT BEFORE EXCEPTIONAL ITEMS AND	416.25	966.06	824.98	3,014.91	2,690.29
IV V	Exceptional items PROFIT BEFORE TAX	416.25	966.06	g 824.98	3,014.91	2,690.29
a.	Current Tax	-33.66	-241.48	-126.24	-766.77	-622.94
VI Vil	PROFIT AFTER TAX } OTHER COMPREHENSIVE INCOME	382.59	724.58	698.74	2,248.14	2,067.35
VIII	[Items that will not be reclassified to profit or	11.39	-8.93	71.09	25.19	143.33
IX	loss TOTAL COMPREHENSIVE INCOME FOR THE	393.98	715.65	769,83	2,273.33	2,210.68
	PERIOD
X	Paid up share capital - equity shares of Rs.10/- each	1,598.27	1,568.27	1,598.27	1,598.27	1,598.27
XI	Reserves and Surplus (Other Equity) EARNINGS PER SHARE	-	-	-	-	31,530.38
XII a.	- Basic after exceptional items (in Rs.)	2.39	4,53	4,37	14.07	12.93
b.	- Diluted after exceptional items {in Rs.)	2.39	4.53	4.37	14.07	12.93
	Date : May 21, 2022 Place : Coimbatore					For Salzer Electronics Limited
						R DORAISWAMY
						MANAGING DIRECTOR
						(DOIN: 00003131)

For Salzer Electronics Limited

R DORAISWAMY

MANAGING DIRECTOR (DOIN: 00003131)

Samichettipalayam, Coimbatore - 641 047, India. Phone : + + 91 422 4233600 Fax : + + 91 422 2692170 E-mail : salzer@salzergroup.com Website : www.salzergroup.com

Notes forming part of above STANDALONE results

• i) The above Audited financial results were duly reviewed by the Audit Committee at its meeting held on May 21,2022 , and were taken on record and approved by the Board of Directors at their meeting held on May 21,2022.
• ii) | The Company operates in only one segment viz., Electrical installation products.
• iii) The Board recommended Dividend at the rate of 18% i.e Rs.1.80 per equity share of Rs.10/- each for the financial year 2021-22 and the Dividend, if approved by the shareholders, shall be payable to all eligible members whose names appearing in the Register of Members on the record date
• iv) The financial results for the year under review has been weighed down to the extent by the loss of economic activities of the Company during the first quarter caused lockdowns announced by the Government to contain the Covid-19 spread.
• v) Basic Earnings per share and Diluted Earnings per Share have been prepared in accordance with IND AS 33 and presented on the expanded capital prevailing on the relevant date.
• vi) The Figures for the quarter ended March 31, 2022 are the balancing figures between the audited figures in respect of the full financial years and the published year to date figures upto the third quarter of the Financial year;
• vii) Comparative figures have been regrouped / reclassified wherever necessary to confirm to current period's presentation.

For SALZER ELECTRONICS LIMITED

ME

May 21, 2022 MANAGING DIRECTOR (DIN:00003131)

Coy Samichettipalayam, Coimbatore - 641 047, India. ISO 9001 V4 Phone : + + 91 422 4233600 Fax: + +91 422 2692170 areata (AS . * acti E-mail : salzer@salzergroup.com Website : www.salzergroup.com

Coimbatore - 641 047. R DORAISWAMY

SALZER ELECTRONICS LTD. Solar

STANDALONE AUDITED STATEMENT OF THE ASSETS AND LIABLITIES AS AT 31.03.2022

	SALZER ELECTRONICS LTD. CIN : LO3210TZ1985PLC001535
			Solar
	STANDALONE AUDITED STATEMENT OF THE ASSETS AND LIABLITIES AS AT 31.03.2022
	Particulars	31-03-2022	31-03-2021
	ASSETS		Rs. In Lacs
	1 Non-current Assets (a} Property, Plant and Equipment	21057.24	20666.33
	{b} Capital Work in progress	77.70	134.63
	(c}/Investment Property (d) Intangible Assets	0.77 386.37	0.77 409.67
	{e) Financial Assets i. Investments
	ii. Trade Receivables	1745.47 1162.73	1726.48 1160.13
	iii, Others (f} Other Non-Current Assets	1183.25	1726.52
	Total Non-Current Assets	501.51 26,115.04	188.98 26013.51
	2/Current Assets {a) Inventories	22370.11	17737.53
	(b) Financial Assets
	i. Investments ii. Trade Receivables	310.06 20851.87	390.17 17845.61
	iii. Cash and Cash equivalents iv. Other Bank balances	128.22	493.33
	v. Loans	675.60 1058.04	556.60 1841.33
	vi. Others (c) Other Current Assets	34.82 2634.96	34.17 2510.33
	Total Current Assets	48063.68	41409.07
	TOTAL ASSETS EQUITY AND LIABILITIES	74,178.72	67422.58
a)	EQUITY {Equity Share Capital
(b)	Instruments entirely equity in Nautre - Non Cumulative 5% Covertible	1,598.27 0.00	1598.27 0.00
{b}	Preference shares Other Equity	{
	Total Equity	33548.24 35,146.51	31530.38 33128.65
	LIABILITIES 1 Non-current Liabilities
(a)	Financial Liabilities
(b)	i. Borrowings Provisions	1240.68 0	1626.68 2.98
{c)	Deferred tax liabilites (net)	1960.56	1873.53
	Total Non-current Liabilites 2} Current Liabilities	3201.24 i	3503.19
{a)	[Financial Liabilities i. Borrowings
	ii. Trade Payables	23540.29 7376.55	18327.88 5880.88
	iii. Others {Other Current Liabilites	485.89 4258.71	488.59
(b)	Provisions	169.53	5827.33 130.01
(c)_		0 35830.97	136.05
{d)	Current Tax Liabilities (Net) Total Current Liabilites		30790.74

Samichettipalayam, Coimbatore - 641 047, India. Phone : + + 91 422 4233600 Fax : + + 91 422 2692170 E-mail : salzer@salzergroup.com Website : www.salzergroup.com ISO 9001

SALZER ELECTRONICS LTD. CIN : L03210TZ1985PLC001535 Sa2zer

STANDALONE CASH FLOW STATEMENT FOR year Current ended 31.03.2022 Amount in Rs.(Lacs) 2273.32) _	Sa2zer THE YEAR ENDED 31.03.2022 Previous year ended 31.03.2021 Amount in Rs.(Lacs)	ro
		2210.68
	a	—
	671.15) 1560.55
=	-34,18
	2127.42 —
	30.83
	-25.42
;
	-126.79.
4130.30)	-47.10	3999.51
		6210.19
-	(4144.12)	OO
	1865.13	oo
(6901.35)	(25.85),	(4326.90)
		1883.28 -486.91
		1396.38
	6403.62 -497,74 (902.80) -1400.54	-10.93 "1.57 -144.430 (2022.06) -

Samichettipalayam, Coimbatore - 641 047, India. Phone : + + 91 422 4233600 Fax: + +91 422 26921 ⁷⁰E-mail : salzer@salzergroup.com Website : www.salzergroup.com

SALZER ELECTRONICS LTD.

(1993.53)			=,
— 61.11		-20.31)	-
27.60		18.57)
1.50		1.57
0.00		0.00
34.79	(1775.42)	34.18]	-1661.01
	(1775.42)		(1661.01)
5212.41		2737.11	_
0.00		0.00
0.00		178.93
83.99	—	(30.83)
0.00,	2929.86	0.00	427,93
	2929.86		427.93
			463.30
7	1049.92		886.63
	803.82		1049.92
			1049.92,
	ELECTRONICS LTD. 56.93 32.63 43.52 (18.99) (20.98) (386.00) (1980.54) Net increase in cash and cash equivalents (A+B+C)	(246.10) 803.82	-1974.82) 137.39, 126.79 10.93, -20.74 25.42 (329.86) (2127.42) -

Samichettipalayam, Coimbatore - 641 047, India. Phone : + + 91 422 4233600 Fax : + + 91 422 2692170 E-mail : salzer@salzergroup.com Website : www.salzergroup.com

Independent Auditor's Report on the Quarterly and Year to Date Audited Standalone Financial Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

INDEPENDENT AUDITOR'S REPORT

TO THE BOARDOF DIRECTORS OF SALZER ELECTRONICS LIMITED

Report on the audit of Standalone Financial Results

Opinion

• 1. We have audited the accompanying standalone quarterly financial results of Salzer Electronics Limited ("the Company") for the quarter ended March 31, 2022 and the year to date results for the period from April 01, 2021 to March 31, 2022, attached herewith, being submitted by the company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"). Regulations, 2015, as amended ("the Listing Regulations").
• 1. In our opinion and to the best of our information and according to the explanations given to us, these Standalone Financial Results
• i. are presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended; and
• li. give a true and fair view in conformity with the recognition and measurement principles laid down in the Indian accounting standards and other accounting principles generally accepted in India of the net profit and other comprehensive income and other financial information for the quarter ended March 31, 2022 as well as the year to date results for the period from April 01, 2021 to March 31, 2022,

T. SAMINATHAN B.Sc., F.C.A.,	B. JAYARAM B.Com.,F.C.A., D.LS.A., Membership No. 027133 Membership No. 028346	K.P. LATHA M.Com., F.C.A., D.LS.A., Membership No. 208150	M.Com., F.C.A., Membership No. 208792	J. FRANKLIN DAVID K.S. SATHISHKUMAR M.Com., F.C.A., Membership No. 234722
254, Gandhiji Road ERODE - 638 004 0424-2269508 Tet Cell : 98427 27344 E : casaminathan@yahoo.co.in]	ist Floor, Jewel Complex 642 (Old # 324) Raja Street COIMBATORE - 641 001. Tel : 0422 - 2304731, 2390882 99444 57928 Cell E : biayaramca@yahoo.co.in	8/36, LRG Lay-out, Sth Street} ABT Road, Karuvampalayam TIRUPUR - 644 604 Tel: 0421 - 4322843 Cell : 98942 88807 E : kplatha1995@gmail.com	7-4, Sri Nagar, Behind Sungam Ramanathapuram COIMBATORE - 641 045 Tel : 0422 - 2312899 Cell : 98430 80753 E: jfrankca@gmail.com	254, Gandhiji Road ERODE - 638 001. Tel : 0424-2269599 : Cell : 98844 28681 E : kssathishkumar@yahoo.co.in

Basis for Opinion

1. We conducted our audit in accordance with the Standards on Auditing specified under section 143(10) of the Companies Act, 2013, as amended ('the Act'). Our responsibilities under those Standards are further described in the "Auditors' Responsibilities for the Audit of the Standalone Financial Results" section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion

Management's Responsibilities for the Standalone Financial Results

• 1. The Statement has been prepared on the basis of the Standalone annual financial statement. The Board of Directors of the Company are responsible for the preparation and presentation of the Statement that gives a true and fair view of the net profit and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down under applicable accounting standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgements and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that give a true and fair view and are free from material misstatement, whether due to fraud or error.
• 1. In preparing the financial statements, the Board of Directors are responsible for _assessing the Company's ability to continue as a going concern, disclosing, as

T. SAMINATHAN B.Sc., F.C.A., Membership No. 027133 Membership No. 028346	B. JAYARAM B.Com., F.C.A., D.LS.A.,	K.P.LATHA M.Com., F.C.A., D.LS.A., Membership No. 208150	M.Com., F.C.A,, Membership No. 208792	J. FRANKLIN DAVID K.S. SATHISHKUMAR M.Com., F.CA., Membership No. 234722
254, Gandhiji Road ERODE - 638 001. bie 0424-2269599 - Cell : 98427 27344 E : casaminathan@yahoo.co.in}	1st Floor, Jewel Complex 642 (Old # 324) Raja Street COIMBATORE - 641 001. Tel : 0422 - 2304731, 2390882 Cell : 99444 57928 E : bjayaramca@yahoo.co.in	ABT Road, Karuvampalayam TIRUPUR - 641 604 'Tel :0421 - 4322843 Cell : 98942 88807 E : kplathat995@gmail.com	8/36, LRG Lay-out, 5th Street 7.4, Sri Nagar, Behind Sungam Ramanathapuram COIMBATORE - 641 045 Tel : 0422 - 2312899 Cell : 98430 80753 E: jfrankca@gmail.com	254, Gandhiji Road ERODE - 638 001. Tel : 0424-2269599 4 Cell : 98844 28681 E : kssathishkumar@yahoo.co.in

applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

1. The Board of Directors are also responsible for overseeing the Company's financial reporting process.

Auditor's Responsibilities for the Audit of Standalone Financial Results

• 1. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
• 1. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional scepticism throughout the audit. We also:-

• Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

• Obtain an understanding of internal financial controls relevant to the audit in order to design audit procedures that are appropriate in the circumstances but not for the purpose of expressing an opinion on the effectiveness of the company's internal control.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.

T. SAMINATHAN B.Sc. F.C.A., Membership No. 027133 Membership No. 028346	B. JAYARAM B.Com., F.C.A., D.LS.A.,	K.P. LATHA M.Com., F.C.A., D.LS.A., Membership No. 208150	M.Com., F.C.A., Membership No. 208792	J. FRANKLIN DAVID K.S. SATHISHKUMAR M.Com., F.C.A., Membership No. 234722
254, Gandhiji Road ERODE - 638 004 : Tel : 0424-2269599 Cell : 98427 27344 E : casaminathan@yahoo.co.in}	1st Floor, Jewel Complex 642 (Old # 324) Raja Street COIMBATORE - 641 001. Tel - 0422 - 2304731, 2390882 Cell : 99444 57928 E : bjayaramca@yahoo.co.in	ABT Road, Karuvampalayam TIRUPUR - 641 604 Tel : 0421 - 4322843 Cell : 98942 88807 E : kplatha1995@gmail.com	8/36, LRG Lay-oul, Sth Street 7.4, Sri Nagar, Behind Sungam Ramanalhapuram COIMBATORE - 641 045 Tel : 0422 - 2312899 Cell : 98430 80753 E: jfrankca@gmail.com	254, Gandhiji Road ERODE - 638 001. Tel - 0424-2269599 Cell : 98844 28681 E : kssathishkumar@yahoo.co.in

• » Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Company to continue as a going concern. If we conclude that ^a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure, and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation

• 9, We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
• 1. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards

Other Matters

• 1. The Statement includes the results for the Quarter ended March 31, 2022,, being the balancing figure between audited figures in respect of the full financial year ended March 31, 2022 and the published year to date figures upto the third quarter of the current financial year, which were subject to limited review by us, as required under the Listing Regulations
• 1. The standalone annual financial results dealt with by this report has been prepared for the express purpose of filing with National Stock Exchange of India Limited and BSE Limited. These results are based on and should be read with the audited standalone

T. SAMINATHAN 8.Sc., F.C.A., Membership No. 027133	B. JAYARAM B.Com., F.C.A., D.LS.A., Membership No. 028346	K.P. LATHA M.Com., F.C.A., D.I.S.A., Membership No, 208150	M.Com., F.C.A., Membership No. 208792	J. FRANKLIN DAVID K.S. SATHISHKUMAR M.Com., F.C.A., Membership No. 234722
254, Gandhiji Road ERODE - 638 001. 96959 Tel :0424-2269599 Cell : 98427 27344 E : casaminathan@yahoo.co.in}	1st Floor, Jewel Complex 642 (Old # 324) Raja Street COIMBATORE - 641 001. Tel: 0422 - 2304731, 2990882 Cell : 99444 §7928 E : biayaramca@yahoo.co.in	ABT Road, Karuvampalayam TIRUPUR - 641 604 'Tel :0421 - 4322643 Cell : 98942 88807 E : kplatha1995@gmail.com	8/36, LRG Lay-out, 5th Street 7.4, Sri Nagar, Behind Sungam Ramanathapuram COIMBATORE - 641 045 Tel : 0422 « 2312899 Cell : 98430 80753 E: jfrankca@gmail.com	254, Gandhiji Road ERODE - 638 004. Tel : 0424-2269599 , Cell : 98844 28681 E : kssathishkumar@yahoo.co.in

financial statements of the Company for the year ended March 31, ,2022 on which we issued an unmodified audit opinion vide our report dated May 21,2022.

For JDS ASSOCIATES Chartered Accountants FRN :008735S >

(B.JJAYARAM) Partner Memb.No : 028346

Date : May 21,2022 UDIN: 2908¢- 346 PTIROV I43L

T. SAMINATHAN B.Sc., F.C.A., Membership No. 027133 254, Gandhiji Road ERODE - 638 001. Cell : 98427 27344 Cell : 99444 57928 E : casaminathan@yahoo.co.in| E : biayaramca@yahoo.co.in

B. JAYARAM B.Com., F.C.A., D.LS.A.,

Membership No. 028346 1st Floor, Jewel Complex 642 (Old # 324) Raja Street E COIMBATORE - 641 001. Tel :0424-2269599 | tel - 0422 - 2304731, 2390882

K.P. LATHA M.Com., F.C.A., D.LS.A., Membership No. 208150 8/36, LRG Lay-out, 5th Street ABT Road, Karuvampalayam TIRUPUR - 641 604 Tel : 0421 - 4322843 Cell : 98942 88807 E : kplathat995@gmail.com

J. FRANKLIN DAVID M.Com., F.C.A., 'Membership No. 208792 7-A, Sri Nagar, Behind Sungam Ramanathapuram COIMBATORE - 644 045 Tel : 0422 - 2312899 Cell : 98430 80753 E: jfrankca@gmail.com

K.S. SATHISHKUMAR M.Com., F.C.A., Membership No. 234722 254, Gandhiji Road ERODE - 638 001. Tel : 0424-2269599 Cell : 98844 28681 E : kssathishkumar@yahoo.co.in

				Slr"
ELECTRONICS SALZER LTD.
CIN : LO3210TZ1985PLC001535
Statement of Consolidated Audited Financial Results for the Fourth Quarter and year ended March 31, 2022
		Quarter ending		Year ending	Rs. In Lacs
J INCOME	31-03-2022	31-12-2021]	31-03-2021	31-03-2022	31-03-2021
[Revenue From Operations	23,886.90	21,882.36	19,568.71	80,354.15	62,573.60
Other Income	52.82	83.10	141.59	247.62	219.85
TOTAL INCOME EXPENSES	23,939.72	21,965.46	19,710.30	80,601.77	62,793.45
Cost of materials consumed	18,179.52	18,312.85	16,291.03	63,934.25	49,343.97
Cost of Traded Goods [Changes in inventories of finished goods and work-in-progress	286.45 816.37	244.30 -1,414.68	-915.29	616.43 -1,533.96	1,231.24
Employee benefit expenses	962.34	849.17	854.71	3,359.63	2,811.50
Finance Cost	503.60	500.51	529.01	1,987.65	2,134.48
Depreciation and amortisation expense [Other expenses	412.68 2,251.36	400.30 2,051.00	420.05 1,668.23	1,633.48 7,353.54	1,601.11 5,347.80
TOTAL EXPENSES	23,412.32	20,943.45	18,847.74	77,351.02	60,007.62
PROFIT BEFORE EXCEPTIONAL ITEMS AND TAX Exceptional items	527.40	1,022.01	862.56	3,250.75	2,785.83
Covid provision for inventory and receivables @ Kaycee	0.00	0.00	19.46	0.00	19.46
Prior Period expenses	0.00	0.00	0.00	0.00	-4.37
PROFIT BEFORE TAX Tax Expense	527.40 -70.19	1,022.01 -257.28	882.02 -147.04	3,250.75 -830.28	2,800.92 -663.02
VII PROFIT AFTER TAX	457.21	764.73	734.98	2,420.47	2,137.90
Attributable to Owners of the Company (Holding Co) IX Attributable to Non-controlling Interest	324.15 133.04	835.95 -71.22	657.38 77.60	2,259.32 161.13	2,051.70 86.20
OTHER COMPREHENSIVE INCOME
[Items that will not be reclassified to profit or loss TOTAL OTHER COMPREHENSIVE INCOME FOR THE PERIOD	16.32	-B.92	73.53	30.12	142.49
1 Attributable to Owners of the Company (Holding Co)	473.53 339.24	755.81 742.16	808.51 730.29	2,450.59 2,288.21	2,280.39 2,194.39
2 Attributable to Non-controlling Interest	134.29	13.65	78.21	162.36	86.00
Share Capital (Equity Shares of Rs.10/- each) XII] Reserves and Surplus (Annualized)	1,598.27	1,598.27	1,598.27	1,598.27 0.00	1,598.27 31,643.92
XIV EARNINGS PER SHARE
Basic after exceptional items (in Rs.)	2.03	5.23 5.23	4.11	14.14 14,14	12.84
b Diluted after exceptional items (in Rs.)	2.03		4.11		12.84

Statement of Consolidated Audited Financial Results for the Fourth Quarter and year ended March 31, 2022

R DORAISWAMY

AANAGING DIRECTOR (DIN: 00003131)

Samichettipalayam, Coimbatore - 641 047, India. Phone : + + 91 422 4233600 Fax : + + 91 422 2692170 E-mail : salzer@salzergroup.com Website : www.salzergroup.com ISO 9001) Bras ECT Bee

Notes forming part of above CONSOLIDATED results

• i) The above audited financial results were duly reviewed by the Audit Committee at its meeting held on May 21, 2022 and were taken on record and approved by the Board of Directors at their meeting held on May 21, 2022 along with the Audit report issued by the Statutory Auditor on Financial Results;
• ii) | The Full year consolidated financial results have been weighed down to the extent by the adverse financial impact in the First quarter due to lockdown restrictions and consequential disturbance in Business Operations;
• iii) | Previous period's figures have been re-grouped / reclassified wherever necessary.

For SALZER ELECTRONICS LIMITED

Coimbatore - 641 047. R Doraiswamy May 21. 2022 MANAGING DIRECTOR (DIN: 00003131)

Samichettipalayam, Coimbatore - 641 047, India. Phone : + + 91 422 4233600 Fax: + + 91 422 2692170 E-mail : salzer@salzergroup.com Website : www.salzergroup.com iSO 9001 Vv

SALZER ELECTRONICS LTD. Sala er- |

CIN : LO3210TZ1985PLC001535

	Non-current Assets
	Plant and
	Work in
	Assets
	Financial Assets
	Investments
	Trade Receivables
	Others
	Other Non-Current Assets
	Non-Current Assets
2	Assets
	Assets i, Investments
	ii, Trade Receivables
	iii, Cash and Cash
	. Other Bank balances
	. Loans
	Others
	Current Assets
	Current Assets
	AL ASSETS
	AND LIABILITIES
	Share
	attributable to the Owners of the
	Non interest
	LIABILITIES
	Non-current Liabilities
	Financial Liabilities
	tax liabilites
	Other Non-Current Liabilities otal Non-current Liabilites
	Liabilities
	Liabilities
	ii. Trade
	iil, Others
	Current Liabilites
	Provisions
	Tax Liabilities
	otal Current Liabilites
	AL AND LIABILITIES

Samichettipalayam, Coimbatore - 641 047, India. Iso 9001/5 Phone : + + 91 422 4233600 Fax : + +91 422 2692170 EETIEICHETN ERGO E-mail : salzer@salzergroup.com Website : www.salzergroup.com

SALZER ELECTRONICS LTD. CIN : L03210TZ1985PLC001535 Slr"

ELECTRONICS SALZER CIN : L03210TZ1985PLC001535	LTD.		Slr"
___ CONSOLIDATED	CASH FLOW STATEMENT	FOR THE YEAR ENDED	31.03.2022
	Current year ended	31.03.2022	Previous year ended 31.03.2021
	Amount in Rs.({Lacs)		Amount in Rs.(Lacs)
A. CASH FLOW FROM OPERATING	ACTIVITIES
Net profit after tax and Adjustments for:	i	2450.60 7		2280.40
Tax Expenses	820.15		710.95
Depreciation _	1633.48		1601.11
Interest Income Finance Costs	(50.05) 1987.65	[	(51.04)
(Gain)/Loss on Foreign Exchange Fluc	(83.99)		2134.48 30.83	-
Dividend Income	_ (6.74)		(11.16)
(Profit) / Loss on sale of Investments) _	(43.52),		(10.93)	-
(Profit) / Loss on sale of Fixed Assets	(3.13)		(2.56)
Fair valuation of investments 3 Other Comprehensive Income	_ (18.99) (19.61)	7	(144.43)
Other Non Operating Income	0.00	4215.24	(45.99) (126.79)	4084.47
Operating Profit before working capital changes		6665.83		6364.87
Add: Adjustments for working capital changes
Inventories	(4599.21)		(2038.21) _
Trade and other receivables Trade and other Payables	(1818.16) 936.59		(4250.69) 1899.61	-
Other Liabilities	(1433.70)	(6914.48)	_ (86.36),	(4475.65)
Cash generated from operations __		-248.65		1889.23
Direct tax paid		(975.01)		(511.61)
Net cash from operating activities		-1223.66		1377.62

Samichettipalayam, Coimbatore - 641 047, India. Phone : + + 91 422 4233600 Fax : + + 91 422 2692170 E-mail : salzer@salzergroup.com Website : www.salzergroup.com

SALZER ELECTRONICS LTD. CIN : LO3210TZ1985PLC001535 Salfaer-

ELECTRONICS SALZER	LTD.		Salfaer-
CIN : LO3210TZ1985PLC001535
B. INVESTING ACTIVITIES :
Investment in subsidiary including gc	0.00		0.00
Investments in Fixed assets (Net)	(1955.51)	-	(1856.07)	ol
Sale of Fixed assets	35,96		39.95 _
Non Operating Income	0.00		126.79
Investmen in Mutual Funds and Equitite	61.11	-	(20.31)	a
Profit/ (Loss) on Sale of Fixed assets	3.13		2.56
Profit/ (Loss) on sale of Investments	43.52		10.93
Post acquisition profit from subsidiar	129.22		47.83
Dividend Received Interest Received	6.74 50.05		11.16 51.04
Other Non Current Investments	17.99	(1608.18)	-18.41	(1604.53)
Net cash used in investing activities		(1608.18)		(1604.53)
C. FINANCING ACTIVITIES;
Proceeds from Short Term Borrowing _	5212.42)		2702.11	oe
Other Non Current assets	(290.60) __		74.16	-
Long Term Borrowings - Receipts	0.00,		0.00
Repayment of non current liabilities _ Interest and finance Charges	(386.00)	j	(150.93) _
Gain/(Loss) on Foreign Exchange Fluc	(1987.65); 83.99		(2134.48) (30.83)
Dividend and dividend tax paid	(19.04)	: 2613.13	(19.04) —	441.00
Net cash from financing activities		2613.13		441.00
Net increase in cash and cash equivalents (A+B+C) Add : Opening Cash and Cash Equivalents		_ (218.71) 1393.30		214,09
		1174.58		1179.20 1393.30
Closing Cash balance		1174.58		1393.30.
		0.00		0.00

Samichettipalayam, Coimbatore - 641 047, India. Phone : + + 91 422 4233600 Fax: + +91 422 2692170 E-mail : salzer@salzergroup.com Website : www.salzergroup.com

pursuant Independent to Auditor's Report on the annual consolidated financial results of the Company Requirements) the Regulation 33 of the SEBI ( Listing Obligations and Disclosure Regulations, 2015, as amended

INDEPENDENT AUDITOR'S REPORT

TO THE BOARD OF DIRECTORS OF

Salzer Electronics Limited

Report on the audit of the Consolidated Financial Results Opinion

• 1. Electronics We have audited the accompanying consolidated annual financial results of Salzer Company Limited ('Holding Company') and its subsidiaries and its associates (Holding March 31,2022("The and its subsidiaries together referred to as 'the group'), for the year ended Company Statement" ), attached herewith, being submitted by the Holding and pursuant to the requirement s of Regulation 33 of the SEBI (Listing Obligations Disclosure Requirement) Regulations, 2015 as amended (the 'Listing Regulations')
• 1. to In our us, opinion and and to the best of our information and according to the explanations given audited based on the consideration of the reports of the other auditor on separate financial statements/ financial information of subsidiary the Statement:
• a. includes the financial results of the following entities

Subsidiaries

• 1) Kaycee Industries Limited
• 2) Salzer EV Infra Private Limited

Step Down Subsidiary

SalzerEmarch Electromobility Private Limited

Associate entities

Salzer Kostad EV Cha rges Private Limited

b. Regulations, are presented in accordance with the requirements of Regulation 33 of the Listing as amended; and

Tel : 0424-2269599

• 641 001. TIRUPUR - 641 604 COIMBATORE - 641 045 Tel : 0424-2269599 Tel : 0422 - 2304731, 2390882 Te eee , Tea Cell : 98844 28681 .

ⁱe .

T. SAMINATHAN B. al ss See J. FRANKLIN DAVID | K.S. SATHISHKUMAR ' mer ea M.Com. FCA. CA. B.Com., F.C.A., D.LS.A., Com., F.C.A., DASA, : hip No. 234722 saturn 2 027133 | Membership No.028346 | Membership No. 208150 | Membership No. 208792 monbarahtp ce 254, Gandhiji Road ee Floor, Jewel 324) Complex 8/36, LRG Lay-out, Sth Street | 7-4, Sri Nagar, Behind Sungam 254, Gandhiji Roa Raja Street | ABT Road, Karuvampalayam Ramanathapuram ERODE - 638 001. COIMBATORE ERODE - 638 001. , * E : casaminalhan@yahoo.co.in}_ a ee E : bjayaramca@yahoo.co.in ee E : kplatha1995@gmail.com E: jfrankca@gmail.com E : kssathishkumar@yahoo.co.in

c. gives a true and fair view, in conformity with the applicable accounting standards, and other accounting principles generally accepted in India, of net profit and other comprehensive income and other financial information of the Group for the quarter ended March 31, 2022 and for the period from April 01, 2021 to March 31,2022.

Basis for Opinion

1. We conducted our audit in accordance with the Standards on Auditing specified under section 143(10) of the Companies Act, 2013, as amended ('the Act'). Our responsibilities under those Standards are further described in the "Auditors' Responsibilities for the Audit of the Consolidated Financial Results" section of our report. We are independent of the Group in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained by us along with the consideration of audit report of the other auditor referred to in sub paragraph (a) of the "other Matters" paragraph below, is sufficient and appropriate to provide a basis for our audit opinion on the consolidated annual financial results

Management's and Board of Directors' Responsibility for the Consolidated Annual Financial Result

1. The consolidated annual financial results have been prepared on the basis of the Consolidated annual financial statement. The Holding Company's Management and the Board of Directors are responsible for the preparation and presentation of these consolidated annual financial results that give a true and fair view of the consolidated net profit and other comprehensive income and other financial information of the Group in accordance with the Indian Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The respective Management and Board of Directors of the Companies included in the Group are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Group for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgements and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for

SAMINATHAN T. B.Sc., F.C.A., : Membership No. 027133	JAYARAM B. B.Com., ' F.C.A., D.LS.A., Membership No. 028346	K.P, LATHA M.Com., F.C.A., DISA, A. Membership No. 208150	J. FRANKLIN DAVID K.S. M.Com., F.C.A., Membership No. 208792	ome .Com., F.C.A., Membership No. 234722
ee ' ili cota Tel: 0424-2209599 Cell : 98427 27344 E : casaminathan@yahoo.co.in]	ie lex alone ciel COIMBATORE - 641 001. Tel : 0422 - 2304731, 2390882 Cell «99444 57928 , E : bjayaramca@yahoo.co.in	ABT Road, Karuvampalayam TIRUPUR - 641 604 'Tel :0421 - 4322843 Cell : 98942 88807 E: kplathai1995@gmail.com	8/36, LRG Lay-out, 5th Street 7.4, Sri Nagar, Behind Sungam Ramanathapuram COIMBATORE - 641 045 Tel : 0422 - 2312899 Cell : 98430 80753 E: jfrankca@gmail.com	254 , Gandhiji Road ERODE - 638 001. ss en Tel : 0424-2260599 E : kssathishkumar@yahoo.co.in

ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Consolidated Annual Financial Results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the consolidated annual financial results by the Management and Directors of the Holding Company, as aforesaid.

• 1. In preparing the consolidated financial results, the management and the respective Board of Directors of the respective Companies included in the Group are responsible for assessing the ability of the Group to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
• 1. The respective Board of Directors of the Companies included in the Group are responsible for overseeing the financial reporting process of the Group.

Auditor's Responsibilities for the Audit of the Consolidated Financial Results

• 1. Our objectives are to obtain reasonable assurance about whether the consolidated annual financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated annual financial results.
• 1. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional scepticism throughout the audit. We also:
• » Identify and assess the risks of material misstatement of the consolidated annual financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

T. SAMINATHAN Sc., F.C.A., No. 027133 id	B. JAYARAM B.Com., F.C.A., D.LS.A., Membership No. 028346	K.P. LATHA M.Com., CA. F.C.A, DISA, Membership No. 208150	co ee t Membership No. 208792	J. FRANKLIN DAVID K.S. SATHISHKUMAR aeite. ROA. a tai a Membership
ij cn cine ye ee ean	Jewel Complex Floor, a (old rf 324) Raja Street COIMBATORE - 641 001. ~ Call: ee a	ABT Road, Karuvampalayam TIRUPUR - 641 604 ell: ee eee	8/36, LRG Lay-oul, Sth Street 7-A, Sri Nagar, Behind Sungam Ramanathapuram COIMBATORE - 641 045 ell : ® vee ean	254, Gandhiji Roa ERODE - 638 001. Tel : 0424-2260599 Cell : 98844 28681 E : kssathishkumar@yahoo.co.in
reat E : casaminathan@yahoo.co.in}	Coane E : blayaramca@yahoo.co.in	E : kplatha1995@gmail.com	E : jfrankca@gmail.com

• ^>Obtain an understanding of internal financial controls relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Company has adequate internal financial controls in place and the operating effectiveness of such controls.
• » Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures in the consolidated financial results made by the management and the Board of Directors.
• ^>Conclude on the appropriateness of management and Board of Directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated annual financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group to cease to continue asa going concern.
• ^>Evaluate the overall presentation, structure, and content of the consolidated annual financial results, including the disclosures, and whether the consolidated annual financial results represent the underlying transactions and events in a manner that achieves fair presentation.
• ^>Obtain sufficient appropriate audit evidence regarding the financial results of the entities within the Group to express an opinion on the consolidated annual financial results. We are responsible for the direction, supervision, and performance of the audit of financial information of such entities included in the consolidated financial results of which we are the independent auditors. For the other entities included in the consolidated annual financial results, which have been audited by other auditors, such other auditors remain responsible for the direction, Supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion.

ij _ Jewel Complex 8/36, LRG Lay-out, Sth Street | 7-4, Sri

ⁱNagar, Behind Sungam 254, Gandhij dhiji Road nine. e42 (01d # 324) Rela Stree ABT Road, Karuvampalayam Ramanathapuram ERODE - 638 001. shyeiteee COIMBATORE - : 641 001. TIRUPUR - 641 604 COIMBATORE - 641 045 sli iaoiaiene biscibdniie Tel : 0422 - 2304731, 2390882 Tel : 0421 - 4322843 Tel : 0422 - 2312899 ea Cell : 98427 27344 "Cell : 99444 57928 Cell : 98942 88807 Cell : 98430 80753 ell:

T. SAMINATHAN B. JAYARAM K.P. LATHA J. FRANKLIN DAVID | K.S. SATHISHKUMAR , B.Sc, F.C.A., B.Com., F.C.A., 0.1.S.A., M.Com., F.C.A., D.LS.A., M.Com., F.C.A., ay E.G:A;, Membership No. 027133 | Membership No. 028346 Membership No. 208150 Membership No. 208792 Membership No. 234722 E : casaminathan@yahoo.co.in] E: bjayaramca@yahoo.co.in | € : kplathat995@gmail.com E : jfrankca@gmail.com E : kssathishkumar@yahoo.co.in

• 1. We communicate with those charged with governance of the Holding Company and such other entities included in the consolidated financial results of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
• 1. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
• 1. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable.

Other Matters

The consolidated Financial Results includes the audited Financial Results of the subsidiary, whose financial information reflect Group's share of total assets of Rs. 2187.52 Lakhs as at March 31, 2022, Group's share of total revenue of Rs.2984.88 Lakhs and Group's share of total net profit after tax of Rs.186.61 Lakhs and Rs.74.64 Lakhs for the quarter ended March 31, 2022, as considered in the consolidated Financial Results, which have been audited by their respective independent auditors. The independent auditors' reports on Financial Results/financial information of the subsidiary have been furnished to us and our opinion on the consolidated Financial Results, in so far as it relates to the amounts and disclosures includedrespect of these entities, is based solely on the report of such auditors and the procedures performed by us are as stated in paragraph above.

1. Our opinion on the consolidated Financial Results is not modified in respect of the above matters with respect to our reliance on the work done and the reports of the other auditors and the Financial Results/financial information certified by the Board of Directors.

T. SAMINATHAN B. JAYARAM K.P. LATHA J. FRANKLIN DAVID | K.S. SATHISHKUMAR

Tel :0424-2269599 GOR AT RE +044 001, LD coc COIMBATORE - 641 045 Tel : 04 Tel : 0422 - 2304731, 2390882 Tel : 0421 - 4322843 Tel : 0422 - 2312899 eee Cell : 98427 27344 Cell : 99444 57928 Cell : 98942 88807 Cell : 98430 80753 Cell : 98844 ²⁸⁶⁸¹

B.Sc., F.C.A., B.Com., F.C.A., D.LS.A., M.Com., F.C.A., D.LS.A., M.Com., F.C.A., M.Com., F.C.A., 254, Gandhiji Road 1st Floor, Jewel Complex 8/36, LRG Lay-out, Sth Street | 7-4, Sri Nagar, Behind Sungam 254, Gandhiji Road ERODE - 638 004. 642 (Old # 324) Raja Street | ABT Road, Karuvampalayam Ramanathapuram ERODE - 638 ⁰⁰¹

E : casaminathan@yahoo.co.in| € : biayaramca@yahoo.co.in | © : kplatha1995@gmail.com E: |frankca@gmail.com E : kssathishkumar@yahoo.co.in

Membership No. 027133 | Membership No. 028346 Membership No. 208150 Membership No. 208792 Membership No. 234722

1. The Statement includes consolidated results for the Quarter ended March 31, 2022, , being the balancing figure between audited figures in respect of the full financial required quarter year ended of under the March current the 31, financial 2022 and year, the which published were year subject to date to limited figures review upto the by us, third as Listing Regulations

For JDS ASSOCIATES Chartered Accountants FRN :008735S

(B.JJAYARAM) Partner Memb.No : 028346

= ——ok

Date : May 21,2022 Place ; Coimbatore -641001

UDIN : 22028-3446 PTLAPXIAIG

T. SAMINATHAN BSc., F.CA., Membership No. 027133 254, Gandhiji Road ERODE - 638 001,

E : casaminathan@yahoo.co.in} E : bjayaramca@yahoo.co.in

B. JAYARAM B.Com., F.C.A., D.L.S.A., Membership No. 028346

ist Floor, Jewel Complex 642 (Old # 324) Raja Street i COIMBATORE - 641 001. Tel :0424-2269599 | To - 0422 - 2304731, 2390882 Cell : 98427 27344 Cell : 99444 57928

K.P. LATHA M.Com., F.C.A., D.LS.A., Membership No. 208150 8/36, LRG Lay-out, 5th Street ABT Road, Karuvampalayam TIRUPUR - 641 604 Tel : 0421 - 4322843 Cell : 98942 88807 E : kplathai995@gmail.com

M.Com., F.C.A,, M.Com., F.C.A., Membership No. 208792 Membership No. 234722 7-A, Sri Nagar, Behind Sungam 254, Gandhiji Road Ramanathapuram ERODE - 638 001. COIMBATORE - 641 045 Tel : 0424-2269599 \ - 2312 Bei nrc oi Cell : 98844 28681 Cell : 98430 80753

J. FRANKLIN DAVID | K.S. SATHISHKUMAR E: jfrankca@gmail.com E : kssathishkumar@yahoo.co.in