Salzer Electronics Ltd.

February 06, 2020

THE CORPORATE RELATIONSHIP DEPT BSE Limited I Floor, New Trading Ring, Rotunda Building, P.J.Towers, Dalal Street, Fort, Mumbai - 400 001.

M/s. National Stock Exchange of India Ltd., Exchange Plaza, C-1, Block G, BandraKurla Complex, Sandra (E),Mumbai - 400 051 Tel :+91 22 26598235/36, 26598346 Fax : +91 22 26598237/38

SCRIP CODE: 517059

Symbol: SALZERELEC

Dear Sir,

Sub : Outcome of the Board Meeting - Submission of the Financial results in compliance with Regulation ³³ of SEBI (Listing Obligations and Disclosure Requirements) Regulation ²⁰¹⁵ ("SEBI LODR Regulations")

Ref: Our letter dated December 27, 2019

This is to inform in terms of Regulation ³⁰ of SEBI LODR Regulation and with reference to our letter referred above that our Board of Directors of the Company at their meeting held today (February 06, ²⁰²⁰ ) considered and approved the following Unaudited Financial Results as required under Regulation ³³ of SEBI LODR Regulations:-

a) Standalone Un-audited Financial Results for the Nine Months and Third Quarter period ending December 31, ²⁰¹⁹ 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 relevant period 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.?alzergrQ1!_R.n?t.

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 11.00 a.m and closed at __ I_•...... ta 'P.. ^M

May kindly be acknowledged the receipt.

Thanking you Yours faithfully For Salzer Electronics Limited

.------.. ( ^< - - . ?-?--- -=------.....,.. ^S Baskarasubramanian

Director (Corporate Affairs) & Company Secretary

Encl : As above

salzer

			ended Quarter		ended Months Nine		ended Year
		31-12-2019	30-09-2019	31-12-2018	31-12-2019	31-12-2018	31-03-2019
Particulars		Un-Audited	Un-Audited	Un-Audited	Un-Audited	Un-Audited	Audited
	Income
I	Operations From	13,471.38	13,778.93	14,354.10	43,464.76	40,472.77	55,976.62
a.	Revenue Income	10.20	25.59	13.35	103.16	43.52	70.7
b.	Other Total Income	13,481.58	13,804.52	14,367.45	43,567.92	40,516.29	56,047.32
	EXPENSES
II	consumed of materials Cost	9,640.11	10,826.57	11,082.15	33,489.26	31,048.92	41,933.48
a.	of finished Changes in inventories	-5.87	-651.55	-421.29	-1,028.75	-926.42	-52.18
b.	stock-in goods,work-in-progress and trade
c.	Employee benefit expenses	721.13	620.58	759.14	1,974.28	1752.67	2,489.37
d.	Cost Finance	500.15	539.99	489.92	1,572.88	1433.36	1,988.47
e	Depreciation and amortisation expense	368.94	360.21	336.89	1,076.26	974.70	1,215.96
f	Other expenses	1,445.16	1,232.73	1,324.53	3,940.69	3,919.80	5,241.38
	TOTAL EXPENSES	12,669.62	12,928.53	13,571.34	41,024.62	38,203.03	52,816.48
Ill	ITEMS EXCEPTIONAL PROFIT BEFORE	811.96	875.99	796.11	2,543.30	2,313.26	3,230.84
IV	Exceptional items			-	-	-	-
V	TAX PROFIT BEFORE	811.96	875.99	796.11	2,543.30	2,313.26	3,230.84
a.	Current Tax	137.32	132.53	183.64	508.06	548.06	743.09 92.01
b.	Deferred Tax	123.98	149.30	72.1	310.38	270.38	2,395.74
VI	AFTER TAX PROFIT	550.66	594.16	540.37	1,724.86	1,494.82
VII	INCOME COMPREHENSIVE OTHER					-37.12	-18.39
VIII	be reclassified will not to that Items profit or loss	8.19	-36.76	-12.37	-33.17
IX	FOR COMPREHENSIVE INCOME TOTAL THE PERIOD	558.85	557.40	528.00	1,691.69	1,457.70	2,377.35
X	of capital - equity shares up share Paid	1,598.27	1,598.27	1,594.71	1,598.27	1,594.71	1,598.27
XI	Surplus (Other Equity) and Reserves	-	-	-			27,101.18
XII	PER SHARE EARNINGS
a.	(in Rs.) exceptional items - Basic after	3.44	3.72	3.39	10.79	9.93	15.21
b.	(in Rs.) exceptional items after - Diluted	3.44	3.72	3.39	10.79	9.83	15.10

Date : February 06, 2020 Place : Coimbatore For Salzer Electronics Limited rr,.--r,J-.L ^J

N Rangachary

Chairman DIN:00054437

ISO•·I ⁹⁰⁰¹ .-:n, Samichettipalayam, Coimbatore - ⁶⁴¹ 047, India. Phone : ⁺ ⁺ 91 422 4233600 Fax : ⁺ ⁺ 91 422 2692170 E-mail: [email protected] Website: www.salzergroup.com

CIN:L03210TZ1985PLC001535

Notes forming part of above standalone 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 February 05, 2020 and were taken on record and approved by the Board of Directors at their meeting held on February 06, 2020 along with the Limited Review Report issued by the Statutory Auditor on Financial Results for third quarter and Nine Months Period ending December 31, 2020.
iii) The Company, as ^a Promoter, earlier had held 76.92% equity stake with voting rights in Kaycee Industries Limited ("Subsidiary Company"). During the quarter under review, it diluted 2.01% equity stake in the open market and reduced its holding to 74.91% which enabled the subsidiary company complying with the norms of minimum public shareholding of not less 25% in terms of Rule 19(2) and Rule 19A of the Securities Contracts (Regulation) Rules, 1957 and Regulation 38 of SEBI (Listing Obligations and Disclosure Requirements) 2015.
iv) Previous period figures have been regrouped / reclassified wherever necessary to confirm to current period's presentation.

For SALZER ELECTRONICS LIMITED

Coimbatore - 641 047. February 06, 2020

LIMITED REVIEW REPORT

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 December 31, ²⁰¹⁹ and year to date results for the period from April 01, ²⁰¹⁹ to December 31, ²⁰¹⁹ being submitted by the company pursuant to the requirement of Regulation ³³ SEBI {ListingObligations and Disclosure Requirements) Regulations ²⁰¹⁵ {"SEBILODR Regulations") as modified by circular SEBI No.CIR/CFD/FAC/62/2016dated July 05, 2016;
1. This statement which is the responsibility of the Company's Management and approved ·by the Board of Directors at their meeting held on February 06, ²⁰²⁰ has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard ³⁴ "Interim Financial Reporting" {INDAS 34) prescribed under section ¹³³ of the Companies Act, ²⁰¹³ read with relevant Rules issued there under 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.

B.Sc.,F.C.A., T. SAMINATHAN 254,GandhijiRoad

ERODE • 638 001. Tel:0424-2269599 Cell : 98427 27344 E-mail : [email protected]

?AYARAM a B.Com.,F.C.A.,D.I.S.A.,

1st FICO<,Jewel Complex 642 (Old# 324)RajaStreet COIMBATORE· 641 001. Tel:0422-2304731,2390882 Cell : 99444 57928 E-mail : [email protected]

J. FRANKLIN DAVID 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 Cell : 98942 88807 E-mail : [email protected]

• .. • ;l..... , •

M.Com.,F.C.A., 7-A,Sri Nagar,Behind Sungam Ramanathapuram COIMBATORE·641 045 Tel: 0422 - 2312899 Cell : 98430 80753 E-mail : [email protected]

Based on our review conducted as above, nothing has come to our attention that 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 (ListingObligations and Disclosure Requirements) Regulations, ²⁰¹⁵ as modified by circular No.CIR/CFD/FAC/62/2016dated 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 : 0087355

ff(B.J::M) Partner Memb.No : 028346

Date : February 06,2020

Place : Coimbatore

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

254, GandhijiRoad ERODE • 638 001. Tel:0424-2269599 Cell : 98427 27344 E-mail : [email protected]

B. JAYARAM

B.Com.,F.C.A.,D.I.S.A., 1st Floor,Jewel Complex 642 (Old#324)RajaStreet COIMBATORE· 641 001. Tel:0422-2304731,2390882 Cell : 99444 57928 E-mail : [email protected] K.P. LATHA

M.Com.,F.C.A,D.I.S.A., 8/36, LRG tay-out,5th Street ABT Road,Karuvampalayam TIRUPUR• 641 604 Tel : 0421 - 4322843 Cell : 98942 88807 E-mail: [email protected]

J. FRANKLIN DAVID

M.Com.,F.C.A., 7-A,Sri Nagar,Behind Sungarn Ramanathapuram COIMBATORE·641 045 Tel: 0422- 2312899 Cell : 98430 80753 E-mail : [email protected]

Statement of Consolidated Un-audited Financial Results for Third Quarter and Nine Months ended December 31,

2019

			for per share data
		ended Quarter	ended Quarter	Period ended
				(year to date)
Particulars		31-12-2019	30-09-2019	31-12-2019
		Un-Audited	Un-Audited	Un-Audited
I	Income
a.	Operations Revenue From	14,037.34	14,388.98	44,640.77
b.	Other Income	12.97	30.55	110.89
	Total Income	14,050.31	14,419.53	44,751.66
II	EXPENSES
a.	Cost of materials consumed	9,873.55	10,478.88	33,375.01
b.	Changes in inventories of finished goods.work-in-progress ? n ct??"-in.t.??"	34.24	-29.32	-366.41
C.	Employee benefit expenses	836.45	737.20	2,206.22
d.	Finance Cost	501.69	543.47	1,577.90
e.	and Depreciation amortisation expense	379.40	370.66	1,097.17
f.	Other expenses	1,579.47	1,361.44	4,203.71
g.	TOTAL EXPENSES	13,204.80	13,462.33	42,093.60
Ill	PROFIT BEFORE EXCEPTIONAL ITEMS AND TAX	845.51	957.20	2,658.06
IV	Exceptional items			-
V	PROFIT BEFORE TAX	845.51	957.20	2,658.06
VI	Tax Expenses	264.02	313.25	852.58
VII	PROFIT AFTER TAX	581.49	643.95	1,805.48
a.	(Holding Co.) Attributable of the to Owners Company	573.85	632.45	1,786.36
b.	attributable Controlling Non Interest to	7.64	11.50	19.14
VIII	OTHER COMPREHENSIVE INCOME
a.	profit or Items that will not be reclassified loss to	6.06	-38.74	-37.28
IX	TOTAL COMPREHENSIVE INCOME FOR THE PERIOD	587.55	605.21	1,768.20
X	Attributable of the Company (Holding Co.) to Owners	580.44	594.17	1,750.05
XI	attributable Controlling Interest Non to	7.11	11.04	18.15
XII	EARNINGS PER SHARE
a.	exceptional (in Rs.) - Basic after items	3.59	3.96	11.18
b.	- Diluted after exceptional items (in Rs.)	3.59	3.96	11.18

Date : February 06, 2020

Place : Coimbatore For Salzer Electronics Limited A? ··tv?'-""1 ? Rangaetlary

Chairman DIN:00054437

⁰¹⁵ Samichettipalayam, Coimbatore - ⁶⁴¹ 047, India. Phone : ⁺ ⁺ 91 422 4233600 Fax : ⁺ ⁺ 91 422 2692170 E-mail: [email protected] Website: www.salzergroup.com SALZER ELECTRONICS LTD.

CIN:L03210TZ1985PLC001535

Notes formmg part of above Consot,dated results

1) The above Un-audited financial results were duly reviewed by the Audit Committee at its meeting held on February 05,2020 and were taken on record and approved by the Board of Directors at their meeting held on February 06,2020 along with the Limited Review Report issued by the Statutory Auditor on Financial Results;
2) The Company has acquired majority controlling interest upon acquisition of Equity shares on July 11,2019 in Kaycee Industries Limited ("Subsidiary Company") which consequently became Subsidiary to the Company in terms of Provisions of Section 2(87) of the Companies Act 2013. Accordingly, year to date consolidated financial results represent nine months financials of Salzer Electronics Limited ("Holding Company") and financials of the subsidiary company from the date of acquisition of its Controlling interest i.e July 11, 2019.
3) The given figures are not strictly comparable to any of the relevant corresponding period of the last year in view of reasons stated in para ² and accordingly figures for respective period of previous years not furnished.
4) The Company, as ^a Promoter, earlier had held 76.92% equity stake with voting rights in the Subsidiary Company. During the quarter under review, it diluted 2.01 % equity stake in the open market and reduced to 74.91 % which enabled the subsidiary company complying with norms of minimum public shareholding of not less than 25% in terms of Rule 19(2) and Rule 19A of the Securities Contracts (Regulation) Rules, ¹⁹⁵⁷ and Regulation ³⁸ of SEBI (Listing Obligations and Disclosure Requirements) 2015.
5) 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.

For SALZER ELECTRONICS LIMITED

Coimbatore - 641 047. February 06, 2020

JLJ,':f' lcv--J

N.RANG?? CHAIRMAN (DIN: 00054437)

⁰¹⁵ Samichettipalayam, Coimbatore - ⁶⁴¹ 047, India. Phone : ⁺ ⁺ 91 422 4233600 Fax : ⁺ ⁺ 91 422 2692170 E-mail: [email protected] Website: www.salzergroup.com