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Salzer Electronics Ltd. Interim / Quarterly Report 2023
61391_rns_2022-11-10_fd172891-ba9d-4b0c-a910-5b29ca1fd69f.pdf
Interim / Quarterly Report
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CIN : L03210TZ1985PLC001535
To
THE CORPORATE RELATIONSHIP DEPT M/s. NATIONAL STOCK EXCHANGE OF INDIA LTD., M/s.BSE Limited Exchange Plaza, C-1, Block G, I Floor, New Trading Ring, Bandra Kurla 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
- Sub: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"),
- Ref: Our intimation letter dt. 29.09.2022 & 04.10.2022
This is to inform in terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015 and in furtherance to our letter referred above that the Board of Directors of the Company at their meeting held today (November 10, 2022) considered and approved inter-alia the following:
- >Standalone Unaudited Financial Results of the Company for the Second Quarter / half year ended 30.09.2022 along with Limited Review report of M/s. JDS Associates, Statutory Auditor of the Company (Enclosed Annexure-A)
- Consolidated Unaudited Financial Results of the Company for the Second Quarter / half year ended ended 30.09.2022 along with Limited Review report of M/s. JDS Associates, Statutory Auditor of the Company (Enclosed Annexure-B)
Further, Pursuant to Regulation 47 of SEBI LODR Regulations, an extract of the aforesaid financial results in the manner as prescribed under the SEBI Listing Regulations will be published in English and Tamil newspapers within the stipulated time.
The issuance of 17,00,000 (Seventeen Lakhs only) warrants each convertible into, or exchangeable for, 1 (one) fully paid-up equity share of the Company of face value of Rs. 10/- each, on a preferential basis ("Preferential Issue") in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 ("ICDR Regulations"), as amended and other applicable laws, subject to the approval of regulatory / statutory authorities and the shareholders of the Company at the scheduled Extra-ordinary General Meeting to the Promoter's Bodies Corporates as set out in the Annexure — Ci. The relevant disclosure is enclosed as Annexure — C in terms of SEBI Circular dated September O09, 2015
SALZER ELECTRONICS LTD. —— | ad —|
CIN : L03210TZ1985PLC001535
Convening an Extra-ordinary General Meeting of the Company on December 07, 2022, Wednesday through video conferencing or other audio visual means, to seek necessary approval of the members, for the afore mentioned issuance.
A copy of the same will be uploaded in the Company's website www.salzergroup.net.
The meeting commenced at 11.30 a.m and concluded at _| ¢ 35 p.m
The above is for information and dissemination.
Thanking you,
For SALZER ELECTRONICS LIMITED
eae
D RAJESHKUMAR JOINT MANAING DIRECTOR
Encl : As above
SALZER ELECTRONICS LTD. —— | ad —|
Standalone Statement of Un-Audited Financial Results for the Second Quarter and Half year period ended September 30, 2022
| ANNEXURE | |||||||
|---|---|---|---|---|---|---|---|
| SALZER ELECTRONICS LTD. | |||||||
| CIN: L03210TZ1985PLC001535 | |||||||
| Standalone Statement of Un-Audited Financial Results for the Second Quarter and Half year period ended | |||||||
| September 30, 2022 | |||||||
| S.No Particulars | Quarter ended | Rs. In Lacs exept for share data | |||||
| Half year ended | Year Ended | ||||||
| 30/09/2022 | 30/06/2022 | 30/09/2021 | 30/09/2022 | 30/09/2021 | 31/03/2022 | ||
| $\mathbf{I}$ | INCOME | Un-Audited | Un-Audited | Un-Audited | Un-Audited | Un-Audited | Audited |
| a | Revenue From Operations | 24495.92 | 23305.68 | 19480.55 | |||
| $\mathsf b$ | Other Income | $-36.81$ | 107.48 | 80.89 | 47801.6070.67 | 34378.44 | 78363.30217.88 |
| Total Income | 24459.11 | 23413.16 | 19561.44 | 47872.27 | 94.9634473.40 | 78581.18 | |
| $\sf II$ | EXPENSES | ||||||
| a | Cost of materials consumed | 19219.52 | 20048.35 | 15037.30 | 39267.87 | 27813.09 | 63764.67 |
| Changes in inventories of finished | |||||||
| $\mathsf b$ | goods and work-in-progress | $-226.47$ | $-1253.00$ | 367.81 | $-1479.47$ | $-951.45$ | $-1585.42$ |
| $\mathsf C$ | Employee benefit expenses | 868.52 | 797.59 | 691.11 | 1666.11 | ||
| d | |||||||
| Finance Cost | 613.18 | 561.08 | 469.12 | 1174.26 | 1343.88981.49 | ||
| e | Depreciation and amortisation | 400.90 | 395.02 | 408.27 | 795.92 | 802.30 | |
| f | expenseOther expenses | 2186.01 | 1751.09 | 1543.09 | 3937.10 | ||
| TOTAL EXPENSES | 23061.66 | 22300.13 | 18516.70 | 45361.79 | 2851.4932840.80 | ||
| Ш | PROFIT BEFORE EXCEPTIONAL ITEMS | 1397.45 | 1113.03 | 1044.74 | |||
| AND TAXExceptional items | 2510.48 | 1632.60 | |||||
| IV | PROFIT BEFORE TAX | $\mathbf 0$ | 0.00 | 0 | 0.00 | 0.00 | |
| Tax Expense | 1397.45$-502.09$ | 1113.03$-235.09$ | 1044.74$-298.42$ | 2510.48 | 1632.60 | ||
| V | PROFIT AFTER TAX | 895.36 | 877.94 | 746.32 | $-737.18$1773.30 | $-491.63$1140.97 | |
| VI | OTHER COMPREHENSIVE INCOME | ||||||
| VII | Items that will not be reclassified toprofit or loss | 67.43 | $-21.93$ | 6.58 | 45.50 | 22.73 | 2939.991980.541600.596865.9075566.273014.920.003014.92$-766.77$2248.1525.19 |
| VIII | TOTAL COMPREHENSIVE INCOME | 962.79 | 856.01 | 752.90 | 1818.80 | 1163.70 | 2273.34 |
| FOR THE PERIODPaid up share capital - equity shares | |||||||
| IX | of Rs.10/- each | 1598.27 | 1598.27 | 1598.27 | 1598.27 | 1598.27 | |
| x | Reserves and Surplus | ||||||
| XI | EARNINGS PER SHARE | ||||||
| a | Basic after exceptional items (In Rs.) | 5.60 | 5.49 | 4.67 | 11.10 | 7.14 | 1598.2733384.3214.07 |
Notes forming part of above STANDALONE results:
-
- The Company operates in only one segment viz., Electrical installation products;
- The above standalone results were reviewed and recommended by the Audit Committee and following which, approved by the Board of Directors at their meeting held on November 10,2022,
- The Statutory Auditors of the Company carried out a limited review of standalone Financial Results for the second quarter/ Six Months period ended September 30, 2022,
- The above Standalone financial results of the Company have been prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013, read with relevant rules thereunder.
- Previous period's figures have been regrouped/ reclassified wherever necessary to conform to this period's classifications
For SALZER ELECTRONICS LIMITED
D RAJESHKUMAR Coimbatore - 641 047 JOINT MANAGING DIRECTOR November 10, 2022 (DIN: 00003126)
SALZER ELECTRONICS LTD. —— | ad —| CIN : LO03210TZ1985PLC001535
STANDALONE AUDITED STATEMENT OF THE ASSETS AND LIABLITIES AS AT 30.09.2022
| SALZERELECTRONICSLTD. | |||
|---|---|---|---|
| —— | ad — | ||
| CIN : LO03210TZ1985PLC001535 | |||
| STANDALONE AUDITED STATEMENT OF THE ASSETS AND LIABLITIES AS AT 30.09.2022 | |||
| Particulars | |||
| ASSETS | 30/09/2022Rs. In Lacs | 31/03/2022Rs. In Lacs | |
| (Un-audited) | (Audited) | ||
| 1 Non-current Assets(a) Property, Plant and Equipment | |||
| (b) Capital Work in progress | 21414.31168.31 | 21057.23 | |
| (c) Investment Property | 0.77 | ||
| (d) Intangible Assets(e) Financial Assets | 391.74 | ||
| i. Investments | 1754.8 | ||
| ii. Trade Receivablesiii. Others | 1234.67 | ||
| (f)} Other Non-Current Assets | 1087.52367.77 | ||
| Total Non-Current Assets | 26,419.89 | 26,115.04 | |
| 2/Current Assets(a) Inventories | |||
| (b) Financial Assets | 24187.39 | 22370.11 | |
| i. Investmentsii, Trade Receivables | 366.76 | ||
| iii, Cash and Cash equivalents | 21407.33417.39 | 20851.87 | |
| iv. Other Bank balances | 709.63 | ||
| v. Loansvi. Others | 1062.8338.90 | 1058.05 | |
| (c)} Other Current Assets | 2901.05 | 2634.95 | |
| Total Current AssetsTOTAL ASSETS | 51091.28 | 48063.68 | |
| EQUITY AND LIABILITIES | 77,511.17 | 74,178.72 | |
| EQUITY | |||
| (a)(b) | Equity Share Capital Instruments entirely equity in Nautre - Non Cumulative 5% Covertible | 1,598.27 | 1,598.27 |
| Preference shares | 0.00 | ||
| (b) | Other EquityTotal Equity | 35079.66 | 33548.24 |
| LIABILITIES | 36,677.93 | 35,146.51 | |
| 1 Non-current Liabilities | |||
| (a) | Financial Liabilitiesi. Borrowings | ||
| (b) | Provisions | 1009.370 | 1240.68 |
| (c) | Deferred tax liabilites (net) | 2075.66 | 1960.56 |
| Total Non-current Liabilites2 Current Liabilities | 3085.03 | 3201.24 | |
| Financial Liabilities | |||
| (a) | i. Borrowings | 23373.6 | 23540.29 |
| ii. Trade Payablesiii, Others | 9237.97490.68 | 7376.55 | |
| 4259.44 | 4258.71 | ||
| (b) | {Other Current Liabilites | 193.48 | |
| (c)(d) | Provisions | 193.0437748.21 | 35830.97 |
| Current Tax Liabilities (Net)Total Current Liabilites | |||
| TOTAL EQUITY AND LIABILITIES | 77,511.17 | 74,178.72 |
SALZER ELECTRONICS LTD. CIN : LO038210TZ1985PLC001535 Salaear
| STANDALONE CASH FLOW STATEMENT FOR THE YEAR ENDED 30.09.2022Current year | Salaear | ||
|---|---|---|---|
| Previous year | |||
| ended 30.09.2022 | ended 31.03.2022 | ||
| Amount in Rs.(Lacs) | Amount in Rs.(Lacs) | ||
| 1970.27 | |||
| 2450.60 | |||
| 779.83 | 820.15 | ||
| 811.42 | 1633.48 | ||
| (25.43) | (50.05) | ||
| (2.92) | |||
| (0.25) | (3.13) | ||
| 6.73 | (18.99) | ||
| (54.08) | (19.61) | ||
| 4215.24 | |||
| (1916.95) | (4599.21) | ||
| (6914.48) | |||
| 3616.26 | -248.65 | ||
| (479.03) | (975.01) | ||
| -1223.66 | |||
| 0.00 | 0.00 | ||
| (1280.29) | 2012.44 | ||
| 0.25 | 35.56 | ||
| 0.25 | |||
| 2.92 | 6.74 | ||
| 107.49 | 129.22 | ||
| 1.19 | 83.99 | ||
| 694.47 | |||
| (1167.39) | 694.47 | ||
| 1176.53(8.70)(1.19)(15.15)(929.98)1763.2562.8715.15(56.70)25.4316.92 | 2666.804637.07(1020.81)3137.23(1167.39) | 1987.65(83.99)(6.74)(43.52)0.00(1818.16)936.59(1433.70)19.61(3.13)43.52(1633.48)0.00 |
SALZER ELECTRONICS LTD. —— | ad —| CIN : L03210TZ1985PLC001535
| SALZER | ELECTRONICSLTD.CIN : L03210TZ1985PLC001535 | —— | |||
|---|---|---|---|---|---|
| ad — | |||||
| C. FINANCING ACTIVITIES: | |||||
| Proceeds from Short Term BorrowingsShare Application or allotment money Recevied | (363.15)131.38 | 0.00542.64 | |||
| Long Term Borrowings - ReceiptsRepayment of non current liabilities | 0.000.00 | 0.000.00 | |||
| Interest and finance Charges | (1176.53) | 50.05 | |||
| Gain/(Loss) on Foreign Exchange Fluctuations (Net)Dividend and dividend tax paid | 8.70(287.69) | (1687.28) | (1987.65)(19.04)} | (1413.99) | |
| Net cash from financing activities | (1687.28) | (1413.99) | |||
| Net increase in cash and cash equivalents (A+B+C)Add : Opening Cash and Cash Equivalents | 282.5622028.80 | (1943.17)1393.30 | |||
| Closing Cash balance | 22311.361457.14 | (549.88)22028.80 | |||
J DS ASSOCIATES CHARTERED ACCOUNTANTS
STANDALONE LIMITED REVIEW REPORT
Independent Auditor's Review Report on the review of second quarter and six months Unaudited Standalone Financial Results of the Company for the period ending September 30,2022 Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
The Board of Directors Salzer Electronics Limited Coimbatore -641047
-
- We have reviewed the accompanying statement of unaudited standalone financial results of Salzer Electronics Limited ("the Company") for the quarter ended September 30, 2022 and year to date results for the period April 01, 2022 to September 30, 2022 ("the Statement") and being submitted by the Company pursuant to the requirements of Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, as amended (the "Listing Regulations").
-
- This statement is the responsibility of the Company's Management and has been approved by the Board of Directors of the company at their meeting held on November 10, 2022 and 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 and other Accounting Principles generally accepted in India and which has been initialled by us for identification purposes. Our responsibility is to express a conclusion on the statement based on our review.
-
- 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 financial statements are 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 the analytical and other review procedures and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
T. SAMINATHAN _ACCIAYARAM K.P. LATHA J. FRANKLIN DAVID | K.S. SATHISHKUMAR
B.Se., ECA, B.Com., F.C.A., D.1.S.A., M.Com., F.C.A., D.I.S.A., M.Com., F.C.A., M.Com., F.C.A., Membership No. 027133 | Membership No, 028346 Membership No. 208150 Membership No. 208792 Membership No. 234722
254, Gandhiji Road 1st Floor, Jewel Complex 8/36, LRG Lay-out, Sth Street | 7-A, Sri Nagar, Behind Sungam 254, Gandhiji Road ERODE - 638 001 642 (Old # 324) Raja Street | ABT Road, Karuvampalayam Ramanathapuram ERODE - 638 001. COIMBATORE - 641 001. TIRUPUR - 641 604 COIMBATORE - 641 045 aii Tel : 0424-2269599 ' Tel : 0424-2269599 oe Tel : 0422 - 2304731, 2390882 Tel : 0421 - 4322843 Tel : 0422 - 2312899 Cell - 98844 28684 Cell : 98427 27344 Cell : 99444 57928 Cell : 98942 88807 Cell : 98430 80753 ell: E : [email protected]] E:[email protected] | E: [email protected] E: [email protected] E : [email protected]
ee
J DS ASSOCIATES CHARTERED ACCOUNTANTS
- Based on our review conducted as above, nothing has come to our attent us to believe that the accompanying statement of unaudited standalone ion that causes financial results prepared in accordance with the recognition and measurement principles laid down in the applicable indian Accounting Standards prescribed under Section 133 of the Companies Act . 2013 and other recognized accounting practices and policies has not disclosed the information required fo be disclosed in terms of Reguiation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 9015 including the manner in which it is to be disclosed, Or that it contains any material misstatement.
For JDS ASSOCIATES Chartered Accountants FRN :008735S eee
Date : November 10,2022 Place : Coimbatore UDIN: 29 D2X3Ab BCRVHN 4S 7) (B.JAYARAM)
Partner Memb.No : 028346
T. SAMINATHAN B. JAYARAM Membership No. 027133 | Membership No. 028346 254, Gandhiji Road
B.Sc., F.C.A., B.Com., F.C.A., D.I.S.A.
ERODE - 638 001 642 (Old # 324) Raj ja Street | ABT Road, Karuvampal a oe ell al aoe ooreccy | COIMBATORE c41 001. | TIRUPUR- 644 60 | COMBATORE- Get speanineiichads Tel : 0422 - 2304731, 2390882 Tel : 0421 - 4322843 Te ae ___catigmenr raid | Ga sea S78 Cell: 98942 88807 emai as @yahoo.co.in] E: [email protected] | E : [email protected] E: Shiela [email protected]
K.P. LATHA M.Com., F.C.A., D.I.S.A., Membership No. 208150 1st Floor, Jewel Complex 8/36, LRG Lay-out, Sth Street
M.Com., F.C.A., J. FRANKLIN DAVID | K.S. SATHISHKUMAR
Membership No. 208792
M.Com., F.C.A., Membership No. 234722 254, Gandhiji Road
ERODE - 638 001. Tel : 0424-2269599 Cell : 98844 28681
AVVEXIRE-B Salzer
SALZER ELECTRONICS LTD.
| AVVEXIRE-B | |||||||
|---|---|---|---|---|---|---|---|
| ELECTRONICSSALZER | LTD. | Salzer | |||||
| CIN : LO38210TZ1985PLC001535 | |||||||
| lidated Statement of Un-Audited Financial Results for the Second Quarter and Half year period ended | September 30, 2022 | ||||||
| Particulars | Rs. In Lacs exept for share data | ||||||
| 30/09/2022 | Quarter Ended30/06/2022 | 30/09/2021 | Half year period ending | Year Ended | |||
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | 30/09/2022 30/09/2021 31/03/2022(Unaudited) | (Audited) | ||
| I_ INCOMERevenue From Operations | 24,562.32 | 24,313.55 | 20,001.62 | 48,875.87 | 35,264.50 | 80,354.15 | |
| Other Income | -47.54 | 122.51 | 89.07 | 74.97 | 111.71 | 247.62 | |
| TOTAL INCOME | 24,514.78 | 24,436.06 | 20,090.69 | 48,950.84 | 35,376.21 | 80,601.77 | |
| II | EXPENSES | ||||||
| Cost of materials consumed | 19,285.07 | 20,367.74 | 15,261.30 | 39,652.81 | 28,207.18 | 64,550.68 | |
| Changes in inventories of finished goods | -604.11 | -937.88 | 374.24 | -1,541.98 | -935.65 | -1533.96 | |
| and work-in-progressEmployee benefit expenses | 980.01 | 909.06 | 799.64 | 1,889.07 | 1,548.12 | ||
| Finance Cost | 614.17 | 562.36 | 469.89 | 1,176.53 | 983.54 | 3,359.631,987.65 | |
| Depreciation and amortisation expense | 408.72 | 402.7 | 415.87 | 811.42 | 820.50 | 1,633.48 | |
| Other expenses | 2,337.89 | 1905.2 | 1,657.84 | 4,243.09 | 3,051.19 | 7,353.54 | |
| TOTAL EXPENSES | 23,021.75 | 23,209.18 | 18,978.78 | 46,230.94 | 33,674.88] | 77,351.02 | |
| III PROFIT BEFORE EXCEPTIONAL | 1,493.03 | 1,226.88 | 1,111.91 | 2,719.90 | 1,701.33 | 3,250.75 | |
| ITEMS AND TAXExceptional items | |||||||
| IV | PROFIT BEFORE TAX | 1,493.03 | 1,226.88 | 1,111.91 | 2,719.90 | 1,701.33 | 3,250.75 |
| Tax Expense | -532.10 | -263.04 | -309.20 | -795.14 | -502.81 | -830.28 | |
| V | PROFIT AFTER TAX | 960.93 | 963.84 | 802.71 | 1,924.76 | 1,198.52 | 2,420.47 |
| Attributable to : Owners of the Company | 938.52 | 942.29 | 788.57 | 1,880.80 | 1,099.22 | 2259.32 | |
| Non-controlling Interest | 22.42 | 21.55 | 14.14 | 43.97 | 99.31 | 161.15 | |
| OTHER COMPREHENSIVE INCOME | |||||||
| VI | Items that will not be reclassified to | 67.43 | -21.93 | 6.58 | 45.50 | 22.72 | 30.12 |
| 1,028.36 | 941.91 | 809.29 | 1,970.26 | 1,221.24 | 2,450.59 | ||
| profit or lossTOTAL COMPREHENSIVE INCOME | 926.35 | 795.15 | 1,926.29 | 1,206.81 | 2288.21 | ||
| FOR THE PERIODAttributable to : Owners of the | 1,005.96 | 21.55 | 14.14 | 43.97 | 14.44 | 162.38 | |
| CompanyNon-controlling Interest | 22.41 | 1598.27 | 1598.27 | 1598.27 | |||
| Share Capital (Equity shares of Rs.10/- | 1598.27 | 1598.27 | 1598.27 | ||||
| each)Reserves and Surplus (Annualized) | |||||||
| EARNINGS PER SHARE | 33627.06 | ||||||
| - Basic after exceptional items (in Rs.) | 5.87 | 6.03 | 4.93 | 11.77 | 6.88 | 14.14 | |
| - Diluted after exceptional items (in Rs.) | 5.87 | 6.03 | 4.93 | 11.77 | 6.88 | 14.14 | |
| YNZ _ |
Notes forming part of above CONSOLIDATED results:
-
- The above consolidated standalone results were reviewed and recommended by the Audit Committee and upon which, approved by the Board of Directors in their meeting held on November 10, 2022,
-
- The Statutory Auditors of the Company carried out a limited review of consolidated Financial Results for the six months /quarter ended September 30, 2022,
-
- The above Consolidated financial results of the Company have been prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013, read with relevant rules thereunder.
- 4, Previous period's figures have been regrouped/ reclassified wherever necessary to conform to this period's classifications
For SALZER ELECTRONICS LIMITED
Coimbatore - 641 047 ve D RAJESH KUMAR November 10, 2022 JOINT MANAGING DIRECTOR (DIN: 00003126)
SALZER ELECTRONICS LTD. CIN : L038210TZ1985PLC001535 Salzer
AUDITED CONSOLIDATED BALANCESHEET AS ON 31/03/2022
| SALZER | ELECTRONICS | Salzer | |
|---|---|---|---|
| LTD.CIN : L038210TZ1985PLC001535 | |||
| AUDITED CONSOLIDATED BALANCESHEET AS ON 31/03/2022 | |||
| RS. IN LACS | |||
| Particulars | As atSep 30, 2022 | As atMar 31, 2022 | |
| I | ASSETSNon-current Assets | (Un-Audited) | (Audited) |
| 1(a) | __[Property, Plant and Equipment | 21710.37 | |
| (b) | [Capital Work in progress | 168.31 | 21,337.3577.70 |
| (c) | [Investment Property | 0.77 | 1.20 |
| (d)(e) | __ Intangible AssetsFinancial Assets | 1086.72 | 1,080.39 |
| i. Investments | 66.32 | 84.74 | |
| ii. Trade Receivablesiii, Others | 1,234.67 | 1,162.73 | |
| (f) | Other Non-Current Assets | 1,106.69388.96 | 1,185.58520.35 |
| 2 | Total Non-Current AssetsCurrent Assets | 25,762.81 | 25,450.04 |
| (a) | InventoriesFinancial Assets | 24,615.10 | 22,698.15 |
| (b) | i. Investments | 366.76 | 310.06 |
| ii. Trade Receivablesiii. Cash and Cash equivalents | 22,484.06 | 21,838.59 | |
| iv. Other Bank balances | 429.521,027.86 | 190.21984.37 | |
| v. Loansvi. Others | 1,064.87 | 1,058.04 | |
| (c) | Other Current Assets | 38.902,951.35 | 37.892,665.89 |
| Total Current AssetsTOTAL ASSETS | 52,978.42 | 49,783.20 | |
| EQUITY AND LIABILITIES | 78,741.23 | 75,233.24 | |
| Il | EQUITY | ||
| 1 | Equity Share CapitalOther Equity | 1,598.27 | 1,598.27 |
| (a) | 35,429.4137,027.69 | 33,791.0135,389.28 | |
| (b) | Equity attributable to the Owners of the Company | 448.76 | |
| Non Controlling interest | 486.27 | ||
| Total Equity | 37,513.95 | 35,838.04 | |
| 2 | LIABILITIES | ||
| (1)(a) | Non-current LiabilitiesFinancial Liabilities | ||
| (b) | i. BorrowingsProvisions | 1,009.37 | 1,240.68 |
| (c) | Deferred tax liabilites (net) | 18.012,075.74 | 14.571,961.90 |
| (d) | Other Non-Current LiabilitiesTotal Non-current Liabilites | 25.04 | 24.54 |
| 3,128.17 | 3,241.69 | ||
| (2)(a) | Current LiabilitiesFinancial Liabilities | ||
| i. Borrowings | 23,408.45 | 23,540.29 | |
| ii. Trade Payablesiii, Others | 9,430.28494.92 | 7,622.44 | |
| (b)(c) | Other Current LiabilitesProvisions | 4,339.41 | 490.134,317.49 |
| (d) | Current Tax Liabilities (Net) | 216.61209.44 | 183.164 |
| Total Current Liabilites | 38,099.11 | 36,153.51 |
Samichettipalayam, Coimbatore - 641 047, India. ""— Phone : + + 91 422 4233600 Fax: ++ 91 422 2692170 ~ E-mail : [email protected] Website : www.salzergroup.com
SA LZER E LECTRON Cows enn FOR THE YEAR ENDED 30.09:20221 =| L.. eel [
| SA LZERE LECTRON CowsCIN : L03210TZ1985PLC001535 | enn FOR THE YEAR ENDED 30.09:20221 = L eel [ | |||
|---|---|---|---|---|
| Current year | Previous year | |||
| ended 30.09.2022 | ended 31.03.2022 | |||
| Amount in Rs.(Lacs) | Amount in Rs.(Lacs) | |||
| A. CASH FLOW FROM OPERATING ACTIVITIES | ||||
| Net profit after tax and | 1970.27 | 2450.60 | ||
| Adjustments for: | ||||
| Tax Expenses | 779.83 | 820.15 | ||
| Depreciation | 811.42 | 1633.48 | ||
| Interest Income | (25.43) | (50.05) | ||
| Finance Costs(Gain)/Loss on Foreign Exchange Fluctuations (net) | 1176.53(8.70) | 1987.65(83.99) | ||
| Dividend Income | (1.19) | (6.74) | ||
| (Profit) / Loss on sale of Investments | (2.92) | (43.52) | ||
| (Profit) / Loss on sale of Fixed Assets | (0.25) | (3.13) | ||
| Fair valuation of investments | 6.73 | (18.99) | ||
| Other Comprehensive Income | (54.08) | (19.61) | ||
| Other Non Operating IncomeOperating Profit before working capital changes | (15.15) | 2666.804637.07 | 0.00 | 4215.246665.83 |
| Add: Adjustments for working capital changes | ||||
| Inventories; | (1916.95) | (4599.21) | ||
| Trade and other receivables | (929.98) | (1818.16) | ||
| Trade and other Payables | 1763.25 | 936.59 | ||
| Other Liabilities | 62.87 | (1020.81) | (1433.70) | (6914.48) |
| Cash generated from operations | 3616.26 | -248.65 | ||
| Direct tax paid | (479.03) | (975.01) | ||
| Net cash from operating activities | 3137.23 | -1223.66 | ||
| B. INVESTING ACTIVITIES : | ||||
| Investment in subsidiary including goodwill | 0.00 | 0.00 | ||
| Investments in Fixed assets (Net) | (1280.29) | (1955.51) | ||
| Sale of Fixed assets | 0.25 | 35.56 | ||
| Non Operating IncomeInvestmen in Mutual Funds and Equitites (Net) | 15.15(56.70) | 0.0061.11 | ||
| Profit/ (Loss) on Sale of Fixed assets | 0.25 | 3.13 | ||
| 2.92 | 43.52 | |||
| Profit/ (Loss) on sale of Investments | 107.49 | 129,22 | ||
| Post acquisition profit from subsidiary | 1.19 | 6.74 | ||
| Dividend Received | 50.05 | |||
| Interest Received | 25.43 | 17.99 | (1608.18) | |
| Other Non Current Investments | 16.92 | (1167.39) | ||
| Net cash used in investing activities | (1167.39) | (1608.18) | ||
| SALZER-FELEGTRONICSLTD | ||||
|---|---|---|---|---|
| CIN : LO32{0TZ1985PLC001535 | Salzer | |||
| Proceeds from Short Term Borrowings | (363.15) | 5212.42 | ||
| Other Non Current assets | 131.38 | (290.60) | ||
| Long Term Borrowings - Receipts | 0.00 | 0.00 | ||
| Repayment of non current liabilitiesInterest and finance Charges | 0.00 | (386.00) | ||
| Gain/(Loss) on Foreign Exchange Fluctuations | (1176.53)8.70 | (1987.65)83.99 | ||
| Dividend and dividend tax paid | (287.69) | (1687.28) | (19.04) | 2613.13 |
| Net cash from financing activities | (1687.28) | 2613.13 | ||
| Net increase in cash and cash equivalents (A+B+C) | 282.56 | |||
| Add : Opening Cash and Cash Equivalents | 1174.58 | 1393.30 | ||
| Closing Cash balance | 1457.141457.14 | (218.71)1174.581174.58 |
J DS ASSOCIATES CHARTERED ACCOUNTANTS
CONSOLIDATED LIMITED REVIEW KEPORI
Independent Auditor's Review Report on the review of second quarter and six months Consolidated Unaudited Financial Results of the Company for the period ending September 30,2022 Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
The Board of Directors Salzer Electronics Limited Coimbatore -641047
-
- We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of Salzer Electronics Limited ("the Parent') and its subsidiaries (the Parent and its subsidiaries together referred to as ("the Group"), and its share of the net profit after tax and total comprehensive income of its associates for the quarter ended September 30, 2022and year to date results for the period from April 01, 202% to September 30,2022 ('the Statement'), being submitted by the Parent pursuant to the requirement of Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"
-
- This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors at their meeting held on November 10, 2022 , 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, and other accounting principles generally accepted in India and in compliance with Regulation 33 and 52 of the Listing Regulations and which has been initialled by us for identification purposes. Our responsibility is to express a conclusion on the Statement based on our review.
-
- 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. 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 have 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.
ERODE - 638 001. 642 (Old # 324) Raja Street | ABT Road, Karuvampalayam Ramanathapuram ERODE - 638 001. Tel 0424-2269599 COIMBATORE - 641 001. TIRUPUR - 641 604 COIMBATORE - 641 045 Tel: 04242269599 Tel : 0422 - 2304731, 2390882 Tel : 0421 - 4322843 Tel : 0422 - 2312899 he wees Cell : 98427 27344 Cell : 99444 57928 Cell : 98942 88807 Cell : 98430 80753 Cell : 98844 28681 E : [email protected]} E : [email protected] | E : kplathat [email protected] E : [email protected] E : [email protected]
T. SAMINATHAN Xa K.P. LATHA J.F ID | K.S. SATHISHKUMAR 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 4st Floor, Jewel Complex 8/36, LRG Lay-out, 5th Street | 7-A, Sri Nagar, Behind Sungam 254, Gandhiji Road
Membership No. 027133 Membership No, 028346 Membership No. 208150 Membership No. 208792 Membership No. 234722
oS
_
J DS ASSOCIATES CHARTERED ACCOUNTANTS
-
- Parent Company, its subsidiary and Associate Entities :
- i) Parent Company
Salzer Electronics Limited
- ii) Subsidiary Company of Salzer Electronics Limited a. Kaycee Industries Limited and b. Salzer EV Infra Private Limited (Wholly Owned subsidiary) c. Salzer Kostad EV Charges Private Limited
iii) Step Down Subsidiary of Salzer Electronics Limited
- a. Salzer EMarch Electromobility Private Limited
-
- above Based on and our based review conducted and procedures performed as stated in paragraph 3 in paragraph on the consideration of the review reports of other auditors referred to 6 below, nothing has come to our attention that causes us to believe that manner Obligations in which and Disclosure Requirements) Regulations, 2015, as amended, including the it is to be disclosed, or that it contains any material misstatement
-
- subsidiaries The consolidated / Step Unaudited Financial Results includes the interim financial results of been reviewed/audited Down Subsidiary Company / Associate Company which have not 2034.19 lakhs, total by us, whose interim financial results reflect total revenue of Rs. Lakhs and total profit before Tax of Rs. 233.19 Lakhs, total profit after Tax of Rs. 175.23 ended 30.09.2022 Comprehensive income of Rs. 175.23 lakhs for the Six months period These interim as considered in the consolidated unaudited interim financial results. auditor who carried — financial results/ financial information have been reviewed by other Financial Information out their review in accordance with SRE 2410, Review of Interim reports vide which performed by the Independent Auditor of the entity and their Us by the Parent's they Management have issued an unmodified conclusion, have been furnished to relates to the affairs and our conclusion on the Statement, in so far as it and the procedures of the subsidiary is based solely on the reports of the other auditor performed by us as stated in paragraph 3 above.
Our conclusion on the Statement is not modified in respect of the above matter.
Date : November Chartered Accountants 10,2022 Place : Coimbatore FRN :008735S UDIN: 2902%3H6BCRUXN S988 ey —
For JDS ASSOCIATES
(B.JAYARAM) Partner Memb.No : 028346
Sc., F.C.A., B.Com., F.C.A., D.I.S.A., M.Com., F.C.A., D.LS.A., M.Com., Ms F.C.A., M.Com., F.C.A.,
T. SAMINATHAN B. JAYARAM K.P. LATHA J. FRANKLIN DAVID | K.S. SATHISHKUMAR desrioratty No. 027133 | Membership No. 028346 Membership No. 208150 Membership No. 208792 Membership at 234722 iji Road 1st Floor, Jewel Complex 8/36, LRG Lay-out, Sth Street | 7-4, Sri Nagar, Behind Sungam 254, Gandhiji Road crak san 42 (Old # 324) Raja Street | ABT Road, Karuvampalayam Ramanathapuram ERODE - 638 001. Be ee "COIMBATORE - 641 001. TIRUPUR - 641 604 COIMBATORE - 641 045 Tel - 0424-2269599
Tel :0424-2269599 | Tel : 0422 - 2304731, 2390882 Tel : 0421 - 4322843 Tel : 0422 - 2312899 sit kta tee Cell : 98427 27344 , Cell : 99444 57928 Cell : 98942 88807 Cell : 98430 80753 oo stee:ee
E : [email protected]} , E : [email protected] E: [email protected] E: [email protected] E : [email protected].
Annexure — C
The details as required to be disclosed under Regulation 30 of the LODR regulations read with SEBI Circular dated September 09, 2015:
| ELECTRONICSLTD.The details as required to be disclosed under Regulation 30 of the LODR regulationsread with SEBI Circular dated September 09, 2015:ParticularsS.NoDetailsproposedTypeConvertible Share Warrantssecuritiesbeofto1issued (viz. equity shares, convertibles,etc,)Typepublic preferential allotmentissuance(furtherof2depositoryoffering,rightsissue,(ADR/GDR),receiptsqualifiedplacement, — preferentialinstitutionsallotment etc.)Number of Securities proposed to17,00,000 (Seventeen Lakhs Only)Total3be issued or total amount for which theconvertible share warrantssecurities will be issued4In case of preferential issue the listed entity shall disclose the following additionaldetails to the stock exchange(s):aNames of the InvestorsRefer Annexure - C1bPost allotment of securities - outcomeProposedallotteesshareholdingof the subscriptionCompany,priortoandafterproposedPreferentialIssuefurnished in Annexure — C1CcIssue priceRs.278.50(RupeesTwoSeventy Eight and Fifty paise only)dNumber of investorsSixconvertiblecasesecuritiesWarrantconvertibleEachInofbewill-conversionintimationsecuritiesor exchangeable for,onof1tenurelapseonthetheorofofinstruments10/- eachvalue of Rs.aggregatingRs.47.35uptomayexercisedonebeorinallotmentfromdatetheofofWarrantsexpiry18untilofmonths | Saver | |
|---|---|---|
| SALZERCIN : L03210TZ1985PLC001535 | ||
| in | ||
| Hundred | ||
| into,(one) fully paidup equity share of the Company of face | ||
| payable in cash,crore whichmoretranches during the period commencing(Eighteen) | ||
DETAILS OF THE PROPOSED ALLOTTEES AND THEIR SHAREHOLDING PRE AND POST PREFERENTIAL ISSUE
| SALZER | ELECTRONICSCIN : L038210TZ1985PLC001535 | LTD. | Salzer | ||
|---|---|---|---|---|---|
| DETAILS OF THEPREFERENTIAL ISSUE | PROPOSED ALLOTTEES AND THEIR SHAREHOLDING | PRE AND | ANNEXURE - C1POST | ||
| S.No | Name of the Proposedallottees | Category | nieIssue %Holding' | Number ofEquitySharesproposed tobe Gilonedor to beallotted | PostIssue%Holdin |
| postconversionof Warrants | g | ||||
| 1 | Salzer Spinners Limited | vedio BASISCorporate | panes | into Equity5,00,000 | 2.83% |
| 2 | SRVE Industries Limited | Promoter BodiesCorporate | 452% | 41,00,000 | 4.65% |
| 3 | KR Health Care PrivateLimited | Promoter BodiesCorporate | 2.53% | 1,00,000 | 2.86% |
| 4 | Salzer Exports Limited | Promoter Bodies Corporate | 5 a1% | 5,00,000 | 5.00% |
| 5 | Quebec Information Services Promoter BodiesI Ltd | Corporate | 4.42%Gi | 4,00,000 | 6.26%0 |
| 6 | Saradha Investments Limited Promoter BodiesTOTAL | Corporate | 5.01% | 1,00,000 | 5.10% |
