Salzer Electronics Ltd. — Interim / Quarterly Report 2019

Nov 9, 2019

CIN : L03210T2Z1985PLC001535

November 9, 2019

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

Ref : Our letter dated September 30,2019

This is to inform in terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015 ("SEBI LODR Regulations") and with reference to our letter referred above that our Board of Directors of the Company at their meeting held today (November 09, 2019) considered and approved the following Un-audited Financial Results as required under Regulation 33 of SEBI LODR Regulations:-

To |

• a) Standalone Un-audited Financial Results for the First half year and Second quarter period ending September 30, 2019 including Un-audited Statement of Assets and Liabilities and Cash Flow Statement for the period ended on that date together with the Limited Review report of the Statutory Auditor M/s. JDS Associates, Chartered Accountant, Coimbatore -641002 and
• b) Consolidated Un-audited Financial Results for the Second quarter period ending September 30, 2019 including Un-audited Statement of Assets and Liabilities and Cash Flow Statement for the period ended on that date together with the Limited Review report of the Statutory Auditor M/s.JDS Associates, Chartered Accountant, Coimbatore -641002.

Enclosed herewith both Standalone and Consolidated Un-audited Financial Results along with the Limited Review Report of the statutory auditor for your records and dissemination to the stakeholders. A copy of the same will be uploaded in the Company's website www.salzergroup.net.

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

SALZER ELECTRON

CIN : L03210TZ1985PLC001535

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

The Meeting commenced at 11.30 a.m and closedat_ -3' 'S_ Ru

May kindly be acknowledged the receipt.

Thanking you

Yours faithfully

For Salzer Electronics Limited

S Baskarasubramanian ne Director (Corporate Affairs) & Company Secretary

Encl : As above

Samichettipalayam, Coimbatore - 641 047, India. | i Phone : + + 91 422 4233600 Fax : + + 91 422 2692170 CT TERCE ES Becortiies Wr BSE NEG ns nee E-mail : salzer@salzergroup.com Website : www.salzergroup.com

SALZER Particulars Income a. b. lI a. ' C. e. f. g. h HI TAX IV. qa.	ELECTRONICS CIN : L03210TZ1985PLC001535 Statement of Standalone Un-audited Financial Results for Quarter and Half year ended 30th September 2019 Revenue From Operations Other Income Total income EXPENSES Cost of materials consumed Changes in inventories of finished goods,work-in-progress and stock-in-trade Employee benefit expenses Finance Cost	30-09-2019} 13,778.93 25.59 13,804.52 10,826.57 -651.55	Quarter ended 30-06-2019} 16,214.45 67.37 16,281.82 13,022.58 -371.33	30-09-2018) 13,471.84 14.54 13,486.38 9,791.04) 62.87	Half year ended 30-09-2019} 29,993.38 92.96 30,086.34 © 23,849.15 1,022.88	Rs. In Lacs except for per share data 30-09-2018} 26,118.67 30.17 26,148.84) 19,955.19] 493.54	Year ended 31-03-2019 55,976.62 70.7 56,047.32 41,933.48 -52.18
		620.58	632.57	666.99	1,253.15	1096.87	2,489.37
		539.99	532.74	475.84	1,072.73	943.44	1,988.47
	Depreciation and amortisation expense	360.21	347.11	327.02	707.32	637.80	1,215.96
	Other expenses	1,232.73	- 1,262.80	1,280.03	2,495.53	2,491.94	5,241.38]
	TOTAL EXPENSES	12,928.53	15,426.47	12,603.79	28,355.00	24,631.70}	52,816.48]
	PROFIT BEFORE EXCEPTIONAL ITEMS AND	875.99	855.35	882.59	1,731.34	1,517.14 :	3,230.84
	Exceptional items	-	-	-	-	-
	[PROFIT BEFORE TAX 7	875.99	855.35	882.59	1,731.34	1,517.14	3,230.84
	{Current Tax	132.53	238.21	256.45	370:74	393.2	743.09
V	Deferred Tax PROFIT AFTER TAX	149.30 594.16	37.10 580.04	64.05 562.09	186.40] © 1,174.20	107.46 1,016.48	92.01 2,395.74
VI	OTHER COMPREHENSIVE INCOME
	Items that will not be reclassified to profit	-36.76	-4.60	"12.37	-41.36	-24.74	-18.39
or loss Vill	TOTAL COMPREHENSIVE INCOME FOR THE	957.40	575.44	549.72	1,132.84	991.74	2,377.35
PERIOD
IX each	Paid up share capital - equity shares of Rs.10/;	1,598.27	1598.27	1,594.71	1,598.27	1,594.71	1,598.27
X —	Reserves and Surplus (Other Equity)	-	-	-	-	-	27,101.18
XI	EARNINGS PER SHARE
a.	_ - Basic after exceptional items (in Rs.)	3.72	3.63	3.56	7.35	6.54	15.21
b.	- Diluted after exceptional items (in Rs.)	3.72	3.63	3.53	7.35	6.45	15.10
	Date : November 09, 2019					For Salzer Elegtronics Limited
	Place : Coimbatore					fo punk	N Rangachary
							Chairman
							DIN: 00054437

015

Samichettipalayam, Coimbatore - 641 047, India. Phone : + +91 422 4233600 Fax : + + 91 422 2692170 ^|PES RCS Seem OLVERA: CN ab E-mail : salzer@salzergroup.com Website : www.salzergroup.com CIN : L03210TZ1985PLC001535

Notes forming part of above results

• i) The Company operates in only one segment viz., Electrical installation products;
• ii) | The above Un-audited financial results were duly reviewed by the Audit Committee at ,its meeting | held on November 09,2019 and were taken on record and approved by the Board of Directors at their meeting held on November 09,2019 along with the Limited Review Report issued by the Statutory Auditor on Financial Results for second quarter and First Half year Period ending September 30,2019,
• iii) The Company has duly completed the acquisition of Equity Share and Voting Rights in Kaycee _ Industries Limited ("Kaycee/Subsidiary Company")to the extent of 76.92% comprising of 72.32% bought under Share Purchase and Transfer of Control Agreement dated May 24, 2019 from its erstwhile Promoters and another 4.60% from the Public in the Open offer made by the Company as a fulfilment of obligations arising under Regulation 3 & 4 0 SEBI (Substantial Acquisition and Takeover) Regulation 2011 ("SEBI (SAST) Regulations"). The Company will take requisite steps to bring public shareholding in Kaycee to the stipulated minimum level within the time prescribed in the Securities Contracts (Regulation) Rules, 1957, SEBI (SAST) Regulations and in compliance with Regulation 38 of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015.
• iv) Previous period figures have been regrouped / reclassified wherever necessary to confirm to current period's presentation.

For SALZER ELECTRONICS LIMITED

Coimbatore - 641047. N.RANGACHARY November 09,2019 ) CHAIRMAN

(DIN: 00054437)

Samichettipalayam, Coimbatore - 641 047, India. Phone : + + 91 422 4233600 Fax: ++ 91 422 2692170 Ears RRO Rites tE aia ace aoe E-mail : salzer@salzergroup.com Website : www.salzergroup.com

CIN : LO3210TZ1985PLC001535

	CIN : LO3210TZ1985PLC001535
	STATEMENT OF ASSETS AND LIABILITIES AS AT SEPTEMBER 30, 2019
	Particulars	30/09/2019	30/09/2018
	ASSETS
	Non-current Assets
(a)	Property, Plant and Equipment	17,950.77	16,928.05
(b)	Capital Work in progress Investment Property	1,566.03	167.76
(c) (d)	Intangible Assets	0.77 457.22	0.77 451.81
(e)	Financial Assets
	i. Investments	1,603.49	67.18
	ii. Trade Receivables	861.76	1,862.49
	iii. Others Other Non-Current Assets	1,221.28 253.14	1,545.82 314.89
	Total Non-Current Assets	23,914.46	21,338.77
	Current Assets
(a)	Inventories	15,294.97	re 13,973.04
(b)	Financial Assets
	i. Investments	352.61	253.59
	ii. Trade Receivables iii. Cash and Cash equivalents	14,221.37 572.07	12,233.97. 906.63
	iv. Other Bank balances	654.30	941.19
	v. Loans	4,017.96	3,891.93
	vi. Others	50.48	51.07
	Other Current Assets Total Current Assets	2,089.48 37,253.24	2,344.24 — 34,595.66
	TOTAL ASSETS	61,167.70	55,934.43
	EQUITY AND LIABILITIES EQUITY
	Equity Share Capital	1,598.27	: 1,594.71
	Other Equity	27,925.72	25,968.08
	Total Equity LIABILITIES	29,523.99	27,562.79
(1)	Non-current Liabilities
	Financial Liabilities
	. Borrowings	1,739.50	401.16
	Provisions Deferred tax liabilites (net)	29.74 2,138.48	40.00 2,283.79
	Total Non-current Liabilites	3,907.72	2,724.95
(2)	Current Liabilities	:
	Financial Liabilities
	i. Borrowings ii. Trade Payables	16,378.62	11,773.43
	iii. Others	5,284.28 616.12	6,395.88 1,180.04
	Other Current Liabilites	5,273.49	5,847.06
	Provisions	86.73	57.08
	Current Tax Liabilities (Net) Total Current Liabilites	96.74 27,735.98	393.20
			25,646.69
	TOTAL EQUITY AND LIABILITIES	61,167.70	55,934.43
	Me = > St oe Sa? & pe ty a ay Ay

eee Samichettipalayam, Coimbatore - 641 047, India. Phone : + + 91 422 4233600 Fax: ++ 91 422 2692170 "Registered | Ce E-mail : salzer@salzergroup.com Website : www.salzergroup.com Soars Ure) 2 eae "MANAGEMENE-

SALZER

CIN : L03210TZ1985PLC001535

SALZER CIN : L03210TZ1985PLC001535 Cash Flow Statement for the period ended September 30, 2019
PARTICULARS	Priod ended	Year ended March 31
A.CASH FLOW FROM OPERATING ACTIVITIES	30.09.2019	,2019
Profit/(Loss) after tax Adjustments for:	1,174.19	2,377.35
Tax expenses Depreciation and Amortisation	557.14 707.32	835.10
Interest Income Finance Costs	-25.51	1,215.96 -43.42
(Gain)/Loss on Foreign Exchange Fluctuations (Net)	1,072.73 -55.70	1,988.47 — 73.59
Dividend Income Profit on Sale of Investments	-1.71 -0.56	-12.60
(Profit)/Loss on Sale of Assets (Net) Fair Valuation of Investments		-0.32 -0.45
Other Non-operating Income	-9.49	-13.91
Operating Profit before working capital changes Adjusted for working capital changes	3,418.41	6,419.77
Inventories _ {Trade and Other ;aceivables	-1,028.44	-412.43
Trade and Other Payables Other Current Assests	-1,108.41 -842.88	-2,272.47 960.75
Other Liabilities		1,414.19
Cash Generated from Operations Direct Taxes Paid	438.68	-2.94 6,106.87
Net Cash Flow from Operating Activities B.CASH FLOW FROM INVESTING ACTIVITIES	-370.74 67.94	-598.03 5,508.84
Purchase of Fixed Assets Reduction	-816.40	-2,880.38
in Capital Work in Progress Non-operating Income	-959.94 9.49	37.23 13.91
Profit on Sale of Investments Investment in Mutual Funds and Equities-NETT	- -1,589.17	0.32
Proceeds from Sale of Fixed Assets	-	-57.63 1.08
	- -	0.45 -342.50
Profit/(Loss) on Sale of Assets Other Non-current Assets	1.71 25.51	12.60 43.42
Dividend Income Interest Income	-3,328.80	-3,171.50
Net Cash Used in Investing Activities
C.CASH FLOW FROM FINANCING ACTIVITIES		782.22
Proceeds from Short Term Borrowings {Share Application/Allotment Money Received	2,818.62 -	6.38
Long term Borrowings Repayment of Long Term Borrowings	1,318.42
Interest and Finance Charges	- -1,072.73	-344.15 -1,988.47
(Gain)/Loss on Foreign Exchange Fluctuations (Net) Dividend and Dividend Tax Paid	55.70 -	-73.59 -307.60
Net Cash Generated from Financing Activities	3,120.01	-1,925.21
Net Increase in Cash and Cash Equivalents Cash and Bank balances at the Beginning of the Year	-140.85 712.92	412.13 999.74
Less: Bank Balances not considered as Cash and Cash equivalen Cash and Bank balances at the End of the Year	654.30 572.07	698.95 712.92

Cash Flow Statement for the period ended September 30, ²⁰¹⁹

The above cash flow has been prepared under the "Indirect Method" as set out in Indian Accounting Standard (Ind AS) 7- Statement of Cash Flows.

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

JDSASSOCIATES CHARTERED ACCOUNTANTS

LIMITED REVIEW REPORT

To

The Board of Directors. Salzer Electronics Limited Coimbatore - 641 047

Dear Sirs,

• 1. We have reviewed the accompanying statement of standalone unaudited financial results of Salzer Electronics Limited (CIN: L03210TZ1985PLC001535) having its Registered Office at Samichettipalayam, Coimbatore -641047 for the quarter ended September 30, 2019 and year to date results for the period from April 01, 2019 to September 30, 2019 being submitted by the company pursuant to the requirement of Regulation 33 SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 ("SEBI LODR Regulations") as modified by circular SEBI No.CIR/CFD/FAC/62/2016 dated July 05, 2016;
• This statement which is the responsibility of the Company's Management and approved $2.$ by the Board of Directors at their meeting held on November 09,2019, 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 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;
• 1. We conducted our review of the statement in accordance with the Standard on Review Engagement (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 financial statements are 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 and

T. SAMINATHAN B.Sc., F.C.A.,

254, Gandhiji Road ERODE - 638 001. Tel: 0424-2269599 E-mail: casaminathan@yahoo.co.in

1st Floor, Jewel Complex. 642 (Old # 324) Raja Street COIMBATORE - 641 001. Tel: 0422 - 2304731, 2390882 E-mail: bjayaramca@airtelmail.in

K.P. LATHA M.Com., F.C.A., D.I.S.A., 8/36, LRG Lay-out, 5th Street ABT Road, Karuvampalayam TIRUPUR - 641 604 Tel: 0421 - 4322843 E-mail: kplatha1995@sify.com

J. FRANKLIN DAVID

M.Com., F.C.A., 7-A, Sri Nagar, Behind Sungam Ramanathapuram COIMBATORE - 641 045 Tel: 0422 - 2312899 E-mail: jfranklin@yahoo.com

J D S ASSOCIATES CHARTERED ACCOUNTANTS

Based on our review conducted as above, nothing has come to our attention that 4. causes us to believe that the accompanying statement of unaudited financial results prepared in accordance with the aforesaid Indian accounting standards 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 circular modified bv Requirements) Regulations, 2015 as Disclosure No.CIR/CFD/FAC/62/2016 dated July 05, 2016 including the manner in which it is to be disclosed or that it contains any material Misstatement.

For JDS ASSOCIATES Chartered Accountants FRN:008735S

(B.JAYARAM) Partner Memb.No: 028346

Date: November 09,2019

Place: Coimbatore

UDIN: $19028346$ AAAAJUS209

T. SAMINATHAN B.Sc., F.C.A.,

254, Gandhiji Road ERODE - 638 001. Tel: 0424-2269599 E-mail: casaminathan@yahoo.co.in

B. JAYARAM B.Com., F.C.A., D.I.S.A.,

1st Floor, Jewel Complex 642 (Old # 324) Raja Street COIMBATORE - 641 001. Tel: 0422 - 2304731, 2390882 E-mail : bjayaramca@airtelmail.in

K.P. LATHA M.Com., F.C.A., D.I.S.A., 8/36, LRG Lay-out, 5th Street ABT Road, Karuvampalayam TIRUPUR - 641 604 Tel: 0421 - 4322843 E-mail: kplatha1995@sify.com

J. FRANKLIN DAVID M.Com., F.C.A.,

$\frac{1}{2}$

7-A. Sri Nagar, Behind Sungam Ramanathapuram COIMBATORE - 641 045 Tel: 0422 - 2312899 E-mail: jfranklin@yahoo.com

'CONSOLIDATED STATEMENT OF PROFIT AND LOSS ACCOUNT FOR THE SECOND QUARTER ENDED 3OTH SEPTEMBER, 2019

SALZER 7 > re Ba oe Per Ce, fy Tae ap Fro, LPR SESE, * SB Pee a fis Pa 5 tar , tah ag Na Sa : a Hf CIN : LO3210TZ1985PLC001535 'CONSOLIDATED STATEMENT OF PROFIT AND LOSS ACCOUNT QUARTER ENDED 3OTH SEPTEMBER, 2019 INCOME Revenue From Operations a. Other Income b. TOTAL INCOME EXPENSES II Cost of materials consumed a. Changes in inventories of finished goods and work-in-progress b. Employee benefit expenses C, Finance Cost d. Depreciation and amortisation expense e, Other expenses f. TOTAL EXPENSES Exceptional items PROFIT BEFORE TAX IV	FOR THE SECOND Rs. In Lalks 14388.98 30.55 14419.53 11130.42
	-680.87
	737.20
	543.47
	370.66
	1361.45
	13462.33
	:
Current Tax	957.20
Deferred Tax	93.20 220.05
PROFIT AFTER TAX V	643.95.
to : Owners of the Company Attributable	632.45
Non-controlling Interest	11.50
OTHER COMPREHENSIVE INCOME VI
Items that will not be reclassified to profit or loss
Re-measurement of post -employment benefit obligations a.	30.05
Change in fair value of FVOCI equity instruments b.	789.34
Net gain/ (loss) on sale of investments designated through OCI Cc.
Income Tax expenses on above d.	20.55
VII TOTAL OTHER COMPREHENSIVE INCOME FOR THE PERIOD NET OF TAX	-38.74
VIII TOTAL COMPREHENSIVE INCOME FOR THE PERIOD	605.21
Attributable to : Owners of the Company	594.18
Non-controlling Interest	11.04
EARNINGS PER SHARE IX
- Basic after exceptional items	3.96
- Diluted after exceptional items	3.96
Date : November 09, 2019
ace : Coimbatore ree ag sorts arth ' P	For Salzer Electronics Limited ly
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Samichettipalayam, Coimbatore - 641 047, In dia. Phone : + + 91 422 4233600 Fax: + +91 422 2692170 E-mail : salzer@salzergroup.com Website : www.salzergroup.com

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Notes:

• 1) The Company has acquired controlling interest upon acquisition of Equity shares on July 11,2019 in Kaycee Industries Limited which consequently became Subsidiary to the Company in terms of — Provisions of Section 2(87) of the Companies Act 2013. As on 30/09/2019, the Company holds 76.92% stake in aforesaid Subsidiary Company after consequent completion of open offer under SEBI (Substantial Acquisition and Takeover) Regulation 2011. Accordingly, the revenue and expenses of Subsidiary only for the quarter ended September, 30° 2019 have been consolidated and included in the above Financial Results.
• 2) Since figures for the current second quarter are not strictly comparable with the previous corresponding period and immediate previous quarter, the consolidated financial figures for the First half year period ending 30/09/2019 and figures for corresponding Quarter as well as immediate previous quarter have not been furnished.
• 3) This Statement has been prepared in accordance with the Companies (Indian Accounting Standards) Rules 2015 (IND AS) prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable.

Notes:
Kaycee SEBI	1) The Company has acquired controlling interest upon acquisition of Equity shares on July 11,2019 in Industries consequently became Limited which Subsidiary to the Provisions of Section 2(87) of the Companies Act 2013. As on 30/09/2019, the Company holds 76.92% stake in aforesaid Subsidiary Company after consequent completion of open offer under Takeover) Regulation (Substantial Acquisition and 2011. expenses of Subsidiary only for the quarter ended September, 30° 2019 have been consolidated and included in the above Financial Results.	Company in terms of — revenue Accordingly, the and
2) Since First	figures for the current second quarter are not strictly corresponding period and immediate previous quarter, the consolidated financial figures for the half year period ending 30/09/2019 and figures for immediate previous quarter have not been furnished.	comparable with the previous corresponding Quarter as well as
3) This	Statement accordance been prepared has with the in Standards) Rules 2015 (IND AS) prescribed under Section other recognised accounting practices and policies to the extent applicable. STATEMENT OF ASSETS AND LIABILITIES AS AT 30/09/2019	Companies Accounting (Indian 133 of the Companies Act, 2013 and
		Rs. In Lakhs
	Particulars	30/09/2019
	ASSETS
	1 Non-current Assets
	(a) Property, Plant and Equipment	18900.21
	(b) Capital Work in progress	1566.03
	(c) Investment Property	0.77
	(d) Intangible Assets (Including Goodwill) (e) Financial Assets °	457.22
	i. Investments	0.00
	il. Trade Receivables	1.24
	ili. Others	861.76 1224.45
	(f) Other Non-Current Assets	319.86
	Total Non-Current Assets	23331.55
	2 Current Assets
	(a) Inventories	15622.43
	(b) Financial Assets
	i. Investments	352.61
	ii. Trade Receivables	15034.87
	iii. Cash and Cash equivalents	636.27
	iv. Other Bank balances	866.65
	v. Loans vi. Others	4017.96
	(c) Other Current Assets	50.48 2201.53
	Total Current Assets	38782.80
	TOTAL ASSETS	"

STATEMENT OF ASSETS AND LIABILITIES AS AT 30/09/2019

SALZER eas TANS Peak Se wh ga : or 2 ee e a i us i \$ A ON f baat an oa cae \$3

CIN : L03210TZ1985PLC001535

Se wh eas or TANS Peak ga ee A ON 2 a : i \$ cae e i us f baat an oa \$3
1 EQUITY AND LIABILITIES
1 EQUITY
(a) Equity Share Capital	1598.27
(b) Other Equity	27957.64
Equity attributable to the Owners of the Company	29555.91
Non- Controlling Interest	378.63
Equity Total	29934.54
2 LIABILITIES
(1) Non-current Liabilities
(a) Financial Liabilities
i. Borrowings (b) Provisions	1739.50
(c) Deferred tax liabilities (net)	62.66
(d) Other Non-Current Liabilities	2128.11
Total Non-current Liabilities	28.84
(2) Current Liabilities	3959.11
(a) Financial Liabilities
i. Borrowings
li. Trade Payables	16489.36
ili, Others	5532.63 621.33
(b) Other Current Liabilities	5322.30
(c) Provisions	125.31
(d) Current Tax Liabilities (Net)	129.78
Total Current Liabilities	28220.71
TOTAL EQUITY AND LIABILITIES	62114.35
Consolidated Cash Flow Statement for the second quarter ended 30.09.2019	Rs. In Lakhs
PARTICULARS	30/09/2019
A.CASH FLOW FROM OPERATING ACTIVITIES
Profit/(Loss) after tax	605.21
Adjustments for:
Tax expenses	313.25
Depreciation and Amortisation	370.66
Interest Income	-15.29
Finance Costs	543.47
(Gain)/Loss on Foreign Exchange Fluctuations (Net)	-8.29
Dividend Income	-1.10
Profit on Sale of Investments (Profit)/Loss on Sale of Assets (Net)	-0.56 1.43

(b) Provisions	62.66
(c) Deferred tax liabilities (net)	2128.11
(d) Other Non-Current Liabilities	28.84
Total Non-current Liabilities	3959.11
(2) Current Liabilities
(a) Financial Liabilities
i. Borrowings	16489.36
li. Trade Payables	5532.63
ili, Others	621.33
(b) Other Current Liabilities	5322.30
(c) Provisions	125.31
(d) Current Tax Liabilities (Net)	129.78
Total Current Liabilities	28220.71
TOTAL EQUITY AND LIABILITIES	62114.35
A.CASH FLOW FROM OPERATING ACTIVITIES
PARTICULARS	Rs. In Lakhs 30/09/2019
Profit/(Loss) after tax
	605.21
Adjustments for:
Tax expenses	313.25
Depreciation and Amortisation	370.66
Interest Income	-15.29
Finance Costs	543.47
(Gain)/Loss on Foreign Exchange Fluctuations (Net)	-8.29
Dividend Income	-1.10
Profit on Sale of Investments	-0.56
(Profit)/Loss on Sale of Assets (Net) Fair Valuation of Investments	1.43
Other Non-sperating Income	14.74
Operating Profit before working capital changes	55: seaysr,

CIN : L0O38210TZ1985PLC001535
Adjusted for working capital changes:
Inventories
Trade and Other receivables
Trade and Other Payables
Cash Generated from Operations
Direct Taxes Paid Net Cash Flow from Operating Activities
B.CASH FLOW FROM INVESTING ACTIVITIES
Investment in Subsidiary (Including Goodwill)
Purchase of Fixed Assets
Increase in Capital Work in Progress
Non-operating Income
Investments
Profit on Sale of Investments
Proceeds from Sale of Investments
Proceeds from Sale of Fixed Assets
Post -Acquisition Profit from Subsidiary Dividend Income
Interest Income
Net Cash Used in Investing Activities
Proceeds from Short Term Borrowings
C.CASH FLOW FROM FINANCING ACTIVITIES Other non-Current Assets
Long term Borrowings - receipts Repayment of non -current liabilities
Interest and Finance Charges
(Gain)/Loss on Foreign Exchange Fluctuations (Net)
Dividend and Dividend Tax Paid
Net Cash Generated from Financing Activities Net Increase in Cash and Cash Equivalents Cash and Bank balances at the Beginning of the Year
Less: Bank Balances not considered as Cash and Cash equivalents

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