Salzer Electronics Ltd. — Interim / Quarterly Report 2022

Nov 10, 2022

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

	SALZER ELECTRONICS LTD.
						ANNEXURE
						5325
	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
		30/09/2022	30/06/2022	30/09/2021			Year Ended
		Un-Audited	Un-Audited	Un-Audited	30/09/2022 Un-Audited	30/09/2021 Un-Audited	31/03/2022 Audited
$\mathbf{I}$	INCOME
a	Revenue From Operations	24495.92	23305.68	19480.55	47801.60	34378.44	78363.30
$\mathsf b$	Other Income	$-36.81$	107.48	80.89	70.67	94.96	217.88
	Total Income	24459.11	23413.16	19561.44	47872.27	34473.40	78581.18
$\sf II$	EXPENSES
a	Cost of materials consumed	19219.52	20048.35	15037.30	39267.87	27813.09	63764.67
$\mathsf b$	Changes in inventories of finished 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	1343.88	2939.99
d	Finance Cost	613.18	561.08	469.12	1174.26	981.49	1980.54
e	Depreciation and amortisation	400.90	395.02	408.27	795.92	802.30
$\mathsf f$	expense Other expenses	2186.01	1751.09	1543.09	3937.10	2851.49	1600.59 6865.90
	TOTAL EXPENSES	23061.66	22300.13	18516.70	45361.79	32840.80	75566.27
Ш	PROFIT BEFORE EXCEPTIONAL ITEMS AND TAX	1397.45	1113.03	1044.74	2510.48	1632.60	3014.92
	Exceptional items	$\overline{0}$	0.00	0	0.00	0.00	0.00
IV	PROFIT BEFORE TAX	1397.45	1113.03	1044.74	2510.48	1632.60	3014.92
	Tax Expense	$-502.09$	$-235.09$	$-298.42$	$-737.18$	$-491.63$	$-766.77$
V	PROFIT AFTER TAX	895.36	877.94	746.32	1773.30	1140.97	2248.15
VI	OTHER COMPREHENSIVE INCOME
	Items that will not be reclassified to profit or loss	67.43	$-21.93$	6.58	45.50	22.73	25.19
VII	TOTAL COMPREHENSIVE INCOME FOR THE PERIOD	962.79	856.01	752.90	1818.80	1163.70	2273.34
VIII	Paid up share capital - equity shares	1598.27	1598.27
				1598.27	1598.27	1598.27	1598.27
IX	of Rs.10/- each						33384.32
x	Reserves and Surplus
XI	EARNINGS PER SHARE
a b	Basic after exceptional items (In Rs.) Diluted after exceptional items (Rs.)	5.60 5.60	5.49	4.67	11.10	7.14	14.07

Notes forming part of above STANDALONE results:

• 1. 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

	SALZER ELECTRONICS LTD. CIN : LO03210TZ1985PLC001535	——
			ad —
	STANDALONE AUDITED STATEMENT OF THE ASSETS AND LIABLITIES AS AT 30.09.2022
	Particulars	30/09/2022	31/03/2022
	ASSETS	Rs. In Lacs	Rs. In Lacs
	1 Non-current Assets	(Un-audited)	(Audited)
	(a) Property, Plant and Equipment	21414.31	21057.23
	(b) Capital Work in progress (c) Investment Property	168.31 0.77
	(d) Intangible Assets	391.74
	(e) Financial Assets i. Investments
	ii. Trade Receivables	1754.8 1234.67
	iii. Others	1087.52
	(f)} Other Non-Current Assets Total Non-Current Assets	367.77 26,419.89
	2/Current Assets		26,115.04
	(a) Inventories (b) Financial Assets	24187.39	22370.11
	i. Investments	366.76
	ii, Trade Receivables iii, Cash and Cash equivalents	21407.33	20851.87
	iv. Other Bank balances	417.39 709.63
	v. Loans vi. Others	1062.83
	(c)} Other Current Assets	38.90 2901.05
	Total Current Assets	51091.28	48063.68
	TOTAL ASSETS 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 0.00	1,598.27
(b)	Preference shares Other Equity
	Total Equity	35079.66 36,677.93	33548.24 35,146.51
	LIABILITIES
(a)	1 Non-current Liabilities Financial Liabilities
	i. Borrowings	1009.37
(b)	Provisions	0
(c)	Deferred tax liabilites (net) Total Non-current Liabilites	2075.66 3085.03
	2 Current Liabilities
	Financial Liabilities i. Borrowings
(a)	ii. Trade Payables	23373.6 9237.97	23540.29
		490.68
	iii, Others	4259.44 193.48
(b) (c)	{Other Current Liabilites Provisions	193.04
(d)	Current Tax Liabilities (Net)
	Total Current Liabilites TOTAL EQUITY AND LIABILITIES	37748.21 77,511.17	35830.97 74,178.72

SALZER ELECTRONICS LTD. CIN : LO038210TZ1985PLC001535 Salaear

STANDALONE CASH FLOW STATEMENT FOR THE YEAR ENDED 30.09.2022

LTD.
	1970.27		2450.60
779.83
811.42		1633.48
(25.43)		(50.05)
(1.19)		(6.74)
(2.92)		(43.52)
(54.08)		(19.61)
(15.15)	2666.80	0.00	4215.24
1763.25		936.59
62.87	(1020.81)	(1433.70)	(6914.48)
			-248.65
	(479.03)		(975.01)
	3137.23		-1223.66
0.00
(1280.29)		2012.44
		35.56
(56.70)		(3.13)
0.25		43.52
2.92 107.49		6.74 129.22
1.19		83.99
		(1633.48)
25.43 16.92	(1167.39)	0.00	694.47
	1176.53 (8.70) (0.25) 6.73 (1916.95) (929.98) 0.25 15.15	Current year ended 30.09.2022 Amount in Rs.(Lacs) 4637.07 3616.26	Salaear STANDALONE CASH FLOW STATEMENT FOR THE YEAR ENDED 30.09.2022 Previous year ended 31.03.2022 Amount in Rs.(Lacs) 820.15 1987.65 (83.99) (3.13) (18.99) (4599.21) (1818.16) 0.00 19.61

SALZER ELECTRONICS LTD. —— | ad —| CIN : L03210TZ1985PLC001535

SALZER	ELECTRONICS LTD.
				——	ad —
	CIN : L03210TZ1985PLC001535
	C. FINANCING ACTIVITIES:
	Proceeds from Short Term Borrowings Share Application or allotment money Recevied	(363.15) 131.38		0.00 542.64
	Long Term Borrowings - Receipts Repayment of non current liabilities	0.00 0.00		0.00
	Interest and finance Charges	(1176.53)		0.00 50.05
	Gain/(Loss) on Foreign Exchange Fluctuations (Net)	8.70		(1987.65)
	Dividend and dividend tax paid	(287.69)	(1687.28)	(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		282.56 22028.80		(1943.17) 1393.30
			22311.36		(549.88)
	Closing Cash balance		1457.14		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

• 1. 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").
• 1. 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.
• 1. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the 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

254, Gandhiji Road 1st Floor, Jewel Complex 8/36, LRG Lay-out, Sth Street | 7-A, Sri Nagar, Behind Sungam 254, Gandhiji Road

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.,

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 : casaminathan@yahoo.co.in] E:bjayaramca@yahoo.co.in | E: kplathat1995@gmail.com E: jfrankca@gmail.com E : kssathishkumar@yahoo.co.in

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

ee

J DS ASSOCIATES CHARTERED ACCOUNTANTS

1. 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: bjayaramca@yahoo.co.in | E : kplatha1995@gmail.com E: Shiela jfrankca@gmail.com

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.,

Membership No. 208792

J. FRANKLIN DAVID | 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

AVVEXIRE-B Salzer

SALZER ELECTRONICS LTD.

						AVVEXIRE-B
	ELECTRONICS SALZER		LTD.			Salzer
	CIN : LO38210TZ1985PLC001535
	lidated Statement of Un-Audited Financial Results for the Second Quarter and Half year period ended		September 30, 2022
	Particulars		Quarter Ended		Half year period ending	Rs. In Lacs exept for share data	Year Ended
		30/09/2022	30/06/2022	30/09/2021		30/09/2022 30/09/2021 31/03/2022
	I_ INCOME	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
	Revenue 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 Changes in inventories of finished goods	19,285.07 -604.11	20,367.74 -937.88	15,261.30	39,652.81	28,207.18	64,550.68
	and work-in-progress Employee benefit expenses	980.01	909.06	374.24 799.64	-1,541.98 1,889.07	-935.65 1,548.12	-1533.96 3,359.63
	Finance Cost	614.17	562.36	469.89	1,176.53	983.54	1,987.65
	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 TAX Exceptional 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 Items that will not be reclassified to
VI	profit or loss TOTAL COMPREHENSIVE INCOME	67.43 1,028.36	-21.93 941.91	6.58 809.29	45.50 1,970.26	22.72	30.12
	FOR THE PERIOD Attributable to : Owners of the	1,005.96	926.35	795.15	1,926.29	1,221.24 1,206.81	2,450.59 2288.21
	Company	22.41	21.55	14.14	43.97	14.44	162.38
	Non-controlling Interest	1598.27	1598.27	1598.27	1598.27	1598.27	1598.27
	Share Capital (Equity shares of Rs.10/-						33627.06
	each) Reserves and Surplus (Annualized)
	EARNINGS PER SHARE			4.93	11.77	6.88	14.14
	- Basic after exceptional items (in Rs.)	5.87	6.03
	- Diluted after exceptional items (in Rs.)	5.87	6.03	4.93	11.77	6.88	14.14

Notes forming part of above CONSOLIDATED results:

• 1. 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,
• 1. The Statutory Auditors of the Company carried out a limited review of consolidated Financial Results for the six months /quarter ended September 30, 2022,
• 1. 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

	ELECTRONICS LTD.
SALZER
			Salzer
	CIN : L038210TZ1985PLC001535
		AUDITED CONSOLIDATED BALANCESHEET AS ON 31/03/2022	RS. IN LACS
Particulars		As at Sep 30, 2022	As at Mar 31, 2022
I 1	ASSETS Non-current Assets	(Un-Audited)	(Audited)
(a)	__[Property, Plant and Equipment	21710.37	21,337.35
(b)	[Capital Work in progress	168.31	77.70
(c)	[Investment Property	0.77	1.20
(d) (e)	__ Intangible Assets Financial Assets	1086.72	1,080.39
	i. Investments ii. Trade Receivables	66.32 1,234.67	84.74
	iii, Others	1,106.69	1,162.73 1,185.58
(f)	Other Non-Current Assets Total Non-Current Assets	388.96 25,762.81	520.35 25,450.04
2 (a)	Current Assets Inventories
(b)	Financial Assets i. Investments	24,615.10	22,698.15
	ii. Trade Receivables	366.76 22,484.06	310.06 21,838.59
	iii. Cash and Cash equivalents iv. Other Bank balances	429.52	190.21
	v. Loans	1,027.86 1,064.87	984.37 1,058.04
(c)	vi. Others Other Current Assets	38.90 2,951.35	37.89 2,665.89
	Total Current Assets TOTAL ASSETS	52,978.42	49,783.20
	EQUITY AND LIABILITIES	78,741.23	75,233.24
Il 1	EQUITY
(a) (b)	Equity Share Capital Other Equity	1,598.27	1,598.27
	Equity attributable to the Owners of the Company	35,429.41 37,027.69	33,791.01 35,389.28
	Non Controlling interest Total Equity	486.27 37,513.95	448.76 35,838.04
	LIABILITIES
2 (1)	Non-current Liabilities
(a)	Financial Liabilities i. Borrowings		1,240.68 14.57
(b)	Provisions	1,009.37 18.01
(c) (d)	Deferred tax liabilites (net) Other Non-Current Liabilities	2,075.74 25.04	1,961.90
	Total Non-current Liabilites	3,128.17	24.54 3,241.69
(2)	Current Liabilities
(a)	Financial Liabilities i. Borrowings	23,408.45
	ii. Trade Payables iii, Others	9,430.28	23,540.29 7,622.44
(b)	Other Current Liabilites	494.92 4,339.41	490.13 4,317.49
(c) (d)	Provisions Current Tax Liabilities (Net)	216.61 209.44	183.16
	Total Current Liabilites	38,099.11	4 36,153.51

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

SA LZER E LECTRON Cows enn FOR THE YEAR ENDED 30.09:20221 =| L.. eel [

SA LZER E LECTRON Cows	enn FOR THE YEAR ENDED 30.09:20221 = L eel [
CIN : L03210TZ1985PLC001535
	Current year		Previous year
	ended 30.09.2022 Amount in Rs.(Lacs)		ended 31.03.2022 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 Finance Costs	(25.43) 1176.53		(50.05) 1987.65
(Gain)/Loss on Foreign Exchange Fluctuations (net)	(8.70)		(83.99)
Dividend Income	(1.19)		(6.74)
(Profit) / Loss on sale of Investments (Profit) / Loss on sale of Fixed Assets	(2.92) (0.25)		(43.52) (3.13)
Fair valuation of investments	6.73		(18.99)
Other Comprehensive Income	(54.08)		(19.61)
Other Non Operating Income Operating Profit before working capital changes	(15.15)	2666.80 4637.07	0.00	4215.24 6665.83
Add: Adjustments for working capital changes
Inventories ;	(1916.95)		(4599.21)
Trade and other receivables	(929.98) 1763.25		(1818.16) 936.59
Trade and other Payables 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 Income Investmen in Mutual Funds and Equitites (Net)	15.15 (56.70)		0.00 61.11
Profit/ (Loss) on Sale of Fixed assets	0.25		3.13
Profit/ (Loss) on sale of Investments	2.92		43.52
Post acquisition profit from subsidiary Dividend Received	107.49 1.19		129,22 6.74
Interest Received	25.43		50.05
Other Non Current Investments	16.92	(1167.39)	17.99	(1608.18)
Net cash used in investing activities		(1167.39)		(1608.18)
		va

SALZER-FELEGTRONICS
CIN : LO32{0TZ1985PLC001535	LTD			Salzer
Proceeds from Short Term Borrowings		(363.15)	5212.42
Other Non Current assets		131.38	(290.60)

SALZER-FELEGTRONICS LTD
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 liabilities	0.00		(386.00)
Interest and finance Charges	(1176.53)		(1987.65)
Gain/(Loss) on Foreign Exchange Fluctuations Dividend and dividend tax paid	8.70 (287.69)	(1687.28)	83.99
			(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		(218.71)
Add : Opening Cash and Cash Equivalents		1174.58		1393.30
Closing Cash balance		1457.14 1457.14		1174.58 1174.58

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

• 1. 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"
• 1. 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.
• 1. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the' Entity", issued by the Institute of Chartered Accountants of India. 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.

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 | E : kplathat 995@gmail.com E : jfrankca@gmail.com E : kssathishkumar@yahoo.co.in

254, Gandhiji Road 4st Floor, Jewel Complex 8/36, LRG Lay-out, 5th 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. 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

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.,

oS

_

J DS ASSOCIATES CHARTERED ACCOUNTANTS

• 1. 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
• 1. 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
• 1. 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

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., desrioratty No. 027133 | Membership No. 028346 Membership No. 208150 Membership No. 208792 Membership at 234722

(B.JAYARAM) Partner Memb.No : 028346

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 : casaminathan@yahoo.co.in} , E : biayaramca@yahoo.co.in E: kplathat995@gmail.com E: jfrankca@gmail.com E : kssathishkumar@yahoo.co.

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

Annexure — C

The details as required to be disclosed under Regulation 30 of the LODR regulations read with SEBI Circular dated September 09, 2015:

SALZER	ELECTRONICS LTD. CIN : L03210TZ1985PLC001535	Saver
	The details as required to be disclosed under Regulation 30 of the LODR regulations read with SEBI Circular dated September 09, 2015:
S.No	Particulars	Details
1	proposed Type securities be of to issued (viz. equity shares, convertibles, etc,)	Convertible Share Warrants
2	Type issuance (further of depository offering, rights issue, (ADR/GDR), receipts qualified placement, — preferential institutions allotment etc.)	public preferential allotment
3	Number of Securities proposed to Total be issued or total amount for which the	17,00,000 (Seventeen Lakhs Only) convertible share warrants
4	securities will be issued In case of preferential issue the listed entity shall disclose the following additional details to the stock exchange(s):
a b	Names of the Investors Post allotment of securities - outcome of the subscription	Refer Annexure - C1 Proposed allottees shareholding in Company, prior to and after proposed Preferential Issue furnished in Annexure — C1
Cc	Issue price	Rs.278.50 (Rupees Two Hundred Seventy Eight and Fifty paise only)
d	Number of investors	Six
	convertible case securities In of - conversion intimation securities on of tenure lapse on the the or of of instruments	Warrant convertible Each be into, will or exchangeable for, (one) fully paid 1 up equity share of the Company of face payable in cash, 10/- each value of Rs.
		aggregating Rs.47.35 crore which upto may more exercised one be or in tranches during the period commencing allotment from date the of of Warrants (Eighteen) expiry 18 until of months

DETAILS OF THE PROPOSED ALLOTTEES AND THEIR SHAREHOLDING PRE AND POST PREFERENTIAL ISSUE

SALZER	ELECTRONICS CIN : L038210TZ1985PLC001535	LTD.		Salzer
	DETAILS OF THE PREFERENTIAL ISSUE	PROPOSED ALLOTTEES AND THEIR SHAREHOLDING		PRE AND	ANNEXURE - C1 POST
S.No	Name of the Proposed allottees	Category	nie Issue % Holding '	Number of Equity Shares proposed to be Giloned or to be allotted post conversion of Warrants	Post Issue % Holdin g
1	Salzer Spinners Limited	vedio BASIS Corporate	panes	into Equity 5,00,000	2.83%
2	SRVE Industries Limited	Promoter Bodies Corporate	452%	41,00,000	4.65%
3	KR Health Care Private Limited	Promoter Bodies Corporate	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 Bodies I Ltd	Corporate	4.42% Gi	4,00,000	6.26% 0
6	Saradha Investments Limited Promoter Bodies TOTAL	Corporate	5.01%	1,00,000 17,00,000	5.10%