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Sandhar Technologies Limited — Audit Report / Information 2022
May 18, 2022
60876_rns_2022-05-18_7673f6ea-09c8-4175-8ba4-8feb03ccc431.pdf
Audit Report / Information
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SANDHAR Growth. Motivaiion. Better life
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<� Ref STL I SE/ 2022-2023/ Ouicome/i
Dated: 18[th ] May, 2022
To,
Department of Corporate Services, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street Mumbai - 400 001
To,
Listing Department, National Stock Exchange oflndia Limited C-1, G-Block, Bandra-Kurla Complex Bandra, (E), Mumbai - 400051
BSE Code: 541163; NSE: SANDHAR
Dear Sir/ Madam,
Sub: Outcome of Board Meeting
Ref: Regulation 30 (read with Part A of Schedule nn and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations")
Pursuant to Regulation 30 (read with Part A of Schedule III) and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we are pleased to infonn you that the Board of Directors of the Company, at its meeting held today i.e. the 18[th ] of May, 2022, which commenced at 11 :30 A.M. and concluded at 02: 10 P.M. considered and approved, inter afia, the following items of business:
1. Audited financial results, both standalone and consolidated, for the quarter and financial year ended the 3l[51 ] March, 2022 pursuant to the Listing Regulations, we enclose the following:
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Audited financial results, both standalone and consolidated, for the quarter and financial year ended the 31[st ] March, 2022 ("Financial Results");·
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Auditors' Report issued on the Financial Results; and
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Declaration pursuant to Regulation 33(3) (d) of the Listing Regulations, regarding unmodified opinion of the Statut01y Auditors on the Financial Results.
2. Recommendation of final dividend:
Recommended a final dividend @ Rs 2.25/- per share for financial year ended the 31[st ] March, 2022. The payment is.subject to the approval of the Shareholders at the ensuing 30[th ] Annual General Meeting of the Company. Any further information in this regard induding Book closure/record date will be intimated in due course.
3. Re-appointment of Statutory Auditors:
Recommended the re-appointment of Mis. BSR & Co. LLP, Chartered Accountants as the Statutory Auditors of the Company for a period of 5 years from Financial Year 2022-2023 to Financial Year 20262027 i.e. from the conclusion of 30[th ] Annual General Meeting till the conclusion of 35[th ] Annual General Meeting; a brief profile ofM/s BSR & Co. LLP is enclosed herewith and marked as "Annexure-A".
�� � 1/ Sandhar Technologies Limited
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Corporate Office: 13, Sector-44, Gurugrom-122002, Horyono, lndici. Ph:+91-124-4518900 Registered Office : B-6/20, Locol Shopping Complex, Sofdorjung Enclave, New Delhi- 110029, Indio, Ph:+91-11-40511800 Email - [email protected]; website - www.sondhorgroup.com; CIN - L74999DL1987PLC029553
SANDHAR Growth. Motivation. Better Life
4. Re-appointment of Internal Auditors:
Re-appointment of M/s. GSA & Associates LLP, Chartered Accountants as the Internal Auditors of the Company for the Financial Year 2022-2023; a brief profile of M/s GSA & Associates LLP is enclosed herewith and marked as "Annexure- B".
5. Re-appointment of Secretarial Auditor:
Re-appointment ofM/s. KK Sachdeva & Associates, Company Secretaries as the Secretarial Auditors of the Company for the Financial Year 2022-2023; a brief profile of M/s KK Sachdeva & Associates is enclosed herewith and marked as "Annexure- C".
6. Re-appointment of Tax Auditors:
Re-appointment ofM/s. Serva Associates, Chartered Accountants as the Tax Auditors of the Company for the Financial Year 2022-2023; a brief profile of M/s Serva Associates is enclosed herewith and marked as "Annexure- D".
7. Re-appointment of Cost Auditor:
Re-appointment of M/s Satija & Co as Cost Auditors of the Company to conduct the cost audit of cost records maintained for the Financial Year 2022-2023. A brief profile of M/s Satija & Co. is enclosed herewith and marked as "Annexure-E".
8. Approval on the amendment of Code of Conduct:
In compliance with the applicable provisions of the SEB I (Prohibition oflnsider Trading) Regulations, 2015 ("PIT Regulations") as amended from time to time, the board approved the amendments in the Company's Code of Conduct for Prohibition of Insider Trading (inclusive of Code of Practices and Procedure for Fair Disclosure of Unpublished Price Sensitive Information). Pursuant to Regulation 8(2) of the PIT Regulations, duly certified extract of "Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information", is enclosed herewith as Annexure- F.
In compliance with regulation 46(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the above information will be made available on the Company's website www .sandhargroup.com
You are requested to take note of the same. Thanking you,
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Fo, Sr, [:] � [;] nologics Limited
Ko [�] �alik ·
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Company Secretary & /!;_))
Compliance Officer ;?
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Encl.: As above
Sandhar Technologies Limited
Corporate Office: 13, Sector-44, Gurugram-122002, Haryana, lndici. Ph:+91-124-4518900 Register,d Office : B-6/20, Local Shopping Complex, Safdarjung Enclave, New Delhi- 110029, India, Ph:+91-11-40511800 Email - [email protected]; website • www.sandhargroup.com; CIN . L7 4999DL l 987PLC029553
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SANDHAR
Growth. Motivation. Better Life
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Dated: 18[11] ' May, 2022
To, Depaiiment of Corporate Services, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 00 I
To,
Listing Department, National Stock Exchange of India Lir:nited C-1, G-Block, Bandra-Kurla Complex Bandra, (E), Mumbai - 400 051
BSE Code: 541163; NSE: SANDHAR
Ref: Regulation 33 (3) (d) of the SEBI (isting Obligations & Disclosure Requirements) Regulations, 2015 read with para 4.1 of the Circular No. CIR/ CFD/CMD/56/2016 dated 27[11] ' May, 2016
Re: Declaration with respect to unmodified opinion in the Auditors Report on the Annual Financial Statements/ Results fr the Financial Year ended 31[51 ] March, 2022
Dear Sir/ Madam,
In terms of Regulation 33 (3) (d) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we hereby declare that the Statutory Auditors of the Company Mis BSR & Co. LLP, Chartered Accountants has issued the Auditor's Report with unmodified opinion on the Audited Standalone and Consolidated Financial Results of the Company for the Financial Year ended on 31 [st ] March, 2022.
Kindly take the same on record.
Thanking you,
For Sandbar Technologies Limited Ja )� c:�rman& Managing Director
Sandhar Technologies Limited
Corporate Office : 13, Sector-44, Gurugrom-12�002, Horyono, Indict. Ph: +91-124-4518900 Registered Office : B-6/20, Local Shopping Complex, Safdarjung Enclave, New Delhi- 110029, Indio, Ph:+91-11-40511800 Email • [email protected]; website - www.sandhargroup.com; CIN - L7 4999DL l 987PLC029553
BS R & Co. LLP
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lndeoendent Auditors Reoort
To the Board of Directors ofSandharTechnologles Limited
Report on the audit of the Consolidated Annual Financlal Results
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We tia-,e aud�ed the ;,c,:ompanyir,g a>nsaldated 1mual financ:!al re� or Sandhar T� Umil<ld(llerwb sldlarlestogeltier,efef<M10as·lheGroup"),anditajointvenrure s(lndLXlingsubsi<:1i,wyofJ0"11venrure jnafter,ef...-red !o a slhe"Holding Compool'/andil swbsldianes(HoldingComP<!"Yandi!s com pany)lorlheyearended 31Mard'l2022.attachedtlefewith.be:�Boardols amended {"LO!llng Regula�OIIS1. lndia[Lllling lnou,opi'liorland1Clhebe$lol ourinlo<matkin&lldec:o:inir,gtolhee,,.pl803!ion1gj,,e,,tou1ar. db11Sed on the o::insideratton of r� of other IIOdilors on" ..,p,. ;ue aU(!jted �nancial s talements ol the subMliaries and joint .,. lhe afofesa<I oonsolOl !ed amual �nancial ......,b: indude Ille l)IY1U31 fioancial r,:,s,,.,lts ol lhe entllies mentioned in Arvle,rure I 10 the aforesaid con!,Ollda l!dllMUllifiMIICialresults
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b. arepn,seffledlnao::ordacewith herequ>r nt sofRegutatioo33oftt1&USlingRegosinlhi1 regard;and
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c. giwalnle andtHviewinconfamity.,;it,1herecognilian dm1111"""""""'pnndp!Mlaid ownln lheapplbiblelr.dianAccountingSlandards.and-llCOOU'1tingprinc:illlesgeoerally ed in
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WeCOCe.,;r,lheStaodar\aaW$Ulls '9Ctior> loi.., rePQrt. We are I� ol lhe Groop. and lts jcNnl venture1 ln llCa><danoe .,.;tt, lhe Codll of E!hics releYarrttoour auo�oftner.noocia1ilsuedt,yllle lnS�MeofCharter dAo::oonlantl13tema<111ooderU'leprovislonalliatogetherwithlheetlvcalreq,.,lremerrtslhat are heRulest11ereundar. -audo!E1'11cs WeDe1-tr1atlheaudileYidef>ce011tainedt,yu s.�wilh30dW8"3Wllu1Medour-el!N:alreofX)Mibilitiesinao::ordanalwilh heM�Slr.:ltheCOde ap propnate 10 pmYide a bQ fol ouropiNcn nme con101lcme<1aMUal fiMncial m$Ull$. itopar"9fllph(a)oflhe.Olher Mattn· parag,heconsideralion""'1blllow,i1$UlffrepOttSoflhe and ::.�;;:;[mont a aM Bo•rd of Dlroctors Rnl)Ons blllth,s lo, th� Consclldatcd Ann.ual Fln1n�][1][a][l ] annual financial rewtt s MY<! boon prepared on lhe b8s1sof lheccn!Olidated ...-....al
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BSR&Co.LLP
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Independent Auditor's Report (Continued) Sandhar Technolog!es Limited
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BSR&Co.LLP
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Independent Audilor's Report (Continued) SandharTeehnologlesllmlled
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Independent Auditor's Report (Continued) SandharTeehnologiesLimlted
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Gurugr am 18May2022
ShashankAgarwa1 MembershipNo.:095019 UDIN:22095109AJECLR6691
BSR&Co.LLP
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Independent Auditor's Report (Continued)
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----- End of picture text -----
BSR&Co.LLP
| Independe **Nameolo ** |
Independe **Nameolo ** |
nt Auditor's Report(Continue) SandharTechnologlesUmited |
nt Auditor's Report(Continue) SandharTechnologlesUmited |
|
|---|---|---|---|---|
| Rep | ||||
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| Wnn$anTeclrfivaiel | JolntVen1ureCompany | |||
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BS R & Co. LLP
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lndepenoent AIJ[ltors Report
To the Board ofOlrec:tors of Sandhar Technologies Limited
Report on the audit of theStandalone Annual Financial Results
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==> picture [136 x 22] intentionally omitted <==
BSR&Co.LLP
Independent Auditor's Report (Continued) SandharTechnologles Limited lnpreplri'lg hestandaloM11Mual 1\nanci .. re...rts.theMal'lltgemllnlandll e8oao'll rOited0<Se, e respon ibleforltSses&inglheC<>m!>anY"•abilitytocontinueas1g0!flgconoem,d;sclO&!ng,H8pplicable. maner$""81ed 10golng concern arod using the going coooern �s olac:c:ountu,g l>'l euthe Board ol ll!tendsto liQuidate theCompanyor toceasa Op8rllticn1. orl'W no re.alistiealtemaliw Thell<>3rdo!Oireaor1is,espor,sil>le for�theCompany'sMancie(repo,t,ngl)IOOe'$$ =:oilt-¥
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-
whelherdueto fraud<>r emlf,oesignaociperfomlaudilpm<:edurfl e�M1olh0Hris1<0018inlk.Ol.ev.Mlldentifyandass-ences therisks ol materialm isstateme<1tol!Mtl 1Sll!liaentandlll)l>"oprlatetop,CMdea baiislorourop,ruo,ItheSlandalcneanru111lllnaoc:ielresulls, .Therisko.and f :�=.,.notde!eCtlngamate<ialm!$$111tementresul!ingfromfra\ldisligr,ertrianforcneresull,ngfromerro<. irwot>reCOltuslon. forge,y.intenlional()(IIJuionl. m ...-ei,,esenlalicn . or lheovemcle l
-
Oblainan ul'ldolnt&r>Oing olin1&rnelCOt1trOl,_t!O theW<litlnor<1e 10dnignaud1lproce<lur ltlalare 8Pl)r0pl\8\elnlhecin:umttaoces. tJn:w Section t43{ ) (�ollhe!V:A. wellfe also respon ible forexprttSi ,gourop;r;onttvoughasepa,r tereport nlhecompleleset olfinanci t sta:ementscn -lhe aimpanyh!ls8doquatllinlemallirla...S.lc:onlmls1Mtnreleiencetofinanci lstatemeH5clsuct,c:ontrola.
-
Ewlua1elhe appropriatl!Ol!SSolaooountingpoticie•use<1andlhere-c.ener.solac:c:ounting =:a":'/:r:..e:e:,.�[•eslnlhe standslone e-nnual] rlCielre'"-"!Sma<leb"/ lhe Management
-
Condudecnlheapp,op n&lenesaoltheManagem ntandBoardclD,-.useol lhegolngco cem basis olaccounling&n<l.based on lheautlitmclence ob<ained,v,t,eO\e<a""'1eri .. unceru,lnl'ye,Jsts '91aledtoevents<>roo di!ionl hat maycast li\7lificanl dcubtcn lhe awepriate,ne"ol tlis auumpaoo.Hweroodudelhala mater\lltunc:e-talntyex1$1s.wea,erequlredtodrawallention no,s auditor's report 10 1h11 retBled d!sdol<>"es In the standalone amual ffrlllllcial resulla ,;o-, d suc;t, <lisdosu-esarel nadequate,tomodily uropnion.Ouro:indu!icnsare oosedcnlhe auditevk!ence otll.linedup 101hedaleolO<K8'Jdito('sreport.liowever,ll!ureftYefttllorconditionlmaycauselhe Company to ceaoe to a,n�r,ue .,. a going coocem
-
EV1 l11<1tethe overalp,esentation,struc:tue andcontent flhe$tar(lalone8nnualflnarlCiel , ewlts. i'lduding the dsdo,n.-es, and Whether lhe s18ndslone aMUal llnancial results repMserl the un<lerl';\ngtraMaetion$ nc!eveni.1na maMtrthatadie...,.!air p,esentabOII.
-
Wea>m munl;alewilh hosecharllf!dwilhgovemancerega<ding ,among-matters.theplar'l!1edtoope andlimlngo/lheaud�andalgni!iCMtaudit�h;ludlnganyslgni�cant�lnin1-C0<11nl1 t1'18tweidentifycluringO<Kaudit
-
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8 SR &Co. LLP
Independent Auditor's Report (Continued) SandharTeehnologlesUmited
OlhorMal(er
- Thestandak>neanrualftnancialresultalndudelheresullaforlheguarterended31Martti2022being unaeod�ed vear to<lale lig,..e,s up tothelh�d qoom,th&balaoo gligurebetweenl heaudil.edliguresiirespeaoflheful1f ol he ,;,,me,,t �!lllrdal yee, -"lictlnancialyearandthepublished suble<;I tolimitedrnviewbyus.
==> picture [72 x 29] intentionally omitted <==
==> picture [31 x 4] intentionally omitted <==
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ShnhankAgarwa1
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Gurug,am 18May2022
==> picture [46 x 9] intentionally omitted <==
----- Start of picture text -----
MembershipNo.:095109
UDIN:22095109AJECEG4288
----- End of picture text -----
SANDHAR Orov.lh MallV•llon n.11_.,. LIi•
Sandbar Technologies Limited CIN : L74999DL1987PLC029553
Regd. Office: B - 6/20, L.S.C. Safdatjung Enclave, New Delhi 110029 Tel: 0124 - 4518900, E-mail: [email protected], Website : www.sandhargroup.com
STATEMENT OF AUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31 MARCH 2022
| STATEMENT OF AUDITED STANDALONE FINANCIAL R | ESULTS FOR THEQUARTER AND YEAR ENDED31MARCH 2022 | ESULTS FOR THEQUARTER AND YEAR ENDED31MARCH 2022 | ESULTS FOR THEQUARTER AND YEAR ENDED31MARCH 2022 | ESULTS FOR THEQUARTER AND YEAR ENDED31MARCH 2022 | ESULTS FOR THEQUARTER AND YEAR ENDED31MARCH 2022 | ESULTS FOR THEQUARTER AND YEAR ENDED31MARCH 2022 | ESULTS FOR THEQUARTER AND YEAR ENDED31MARCH 2022 | |
|---|---|---|---|---|---|---|---|---|
| Sr No 1 2 3 4 5 6 7 8 9 10 11 12 13 14 |
. Parcl as Revenue fom operations Other income Total income (1+2) Exense (a) Cost of materals consumed (b) Changes in inventories of fnished goods and work-in-progress (c) Employee benefts expense (d) Fiance costs (e) Depreciaton and amorization expense (f) Other exenses Total exenses Proft fom operations befre exceptonal item and tax (34) Exceptonal item Proft fom operatons afer exceptonal item and befre ta (5-6 Tax expenses (a) Curent tax (b) Deferred tax (credt)/charge Total lax expenses _Net_proft afer tax (7-8) Other comprehensive income/ (loss) a) Items that will_not_be reclassifed to the statement of proft and loss i) Lss on remeasurement of defned beneft obligaon ii) Income ta relating to the above Total other comprehensive loss fr the period/ year (a (i+ii Total comprehensive income fr the period/ year (9+10) Paid up equity share capital (Face value of Rs 10/- per shar) Total Reseres Earins Per Share (EPS) (Face value of Rs 10/- per share) (not annualised fr quarter) (a) Basic (In Rupees) (b) Diuted (In Rupees) |
Standalone (t in lakhs, except per equity share data) Quaner ende Year ended 31 March 2022 31 December 2021 31 March 2021 31 March 2022 31 March 2021 Audited Un-audited Audited ( refer note 10) (rfer note 10) Audited Audited 57,310.85 51,387.18 54,959.49 1,94,101 58 1,58,530.80 82.44 126.43 280.03 515 06 939.33 |
||||||
| 57,393.29 51,513.61 55,239.52 1,94,616.64 1,59,470.13 39,180.80 35,393.49 35,799.67 1,31,519 23 1,01,910.72 221.92 (413.89) (52.74) (647.97) (54.98) 6,237.74 6,052.11 5,851.60 23,415.95 20,887.08 355.06 220.28 227.89 942 75 909.43 1,991.28 1,864 36 1,779.17 7,426 26 6,857.01 6,398.94 5,964.49 6,839.06 23,218.39 20,413.15 |
||||||||
| 54,385.74 49,080.84 50,444.65 1,85,874.61 1,50,922.41 |
||||||||
| 3,007.55 | 2,432.77 4,794.87 8,742.03 |
8,547.72 | ||||||
| 110.36 | ~~-~~ - 110.36 |
~~-~~ | ||||||
| 2,897.19 2,432.77 4,794.87 8,631.67 745.64 845.43 1,044.53 2,567 84 122.73 (58.24) 0.86 (78.85) |
8,547.72 2,013.92 10.60 |
|||||||
| 868.37 | 2.024.52 | |||||||
| 6,523.20 | ||||||||
| (98.22) (46.75) (162.39) (29458) 24.73 11.76 40.86 74.15 |
||||||||
| (534.80: 134.60 |
||||||||
| (73.49) (34.99 |
(400.20) | |||||||
| 6,01 | 9.07 6,019.07 6,0 . . |
|||||||
| 19. . |
||||||||
| . | ||||||||
| 3.37 | 23 10.21 10.84 |
|||||||
2.73 2.73 |
6. 6. |
|||||||
| 3.37 | 23 10.21 10.84 |
Notes:
The above statement of audited standalone financial reslllts ('the Statement') for the quarter and year ended 31 March 2022, has been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 18 May 2022. The same along with the report of the Statutory auditor has been filed with the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) and also available on the Company's website at www.sandhargroup.com. The standalone financial results have been prepared in accordance with the recognition and measurement principles of the Indian Accounting Standards ('Ind AS') prescribed under Section 133 of the Companies Act, 2013.
- 2 The Company has incorporated wholly owned subsidiary with the name "Sandbar Auto Electric Solutions Private Limited" on 6 January 2022.
3 The Company has entered into Share Purchase Agreement dated 6 December 2021 to purchase remaining 48% equity stake of Sandbar Daewha Automotive Systems Private Limited (SDASPL) and thereby has obtained control w.e.f. 28 December 2021.
4 During the year ended 31 March 2022, the company performed an impairment assessment of its investment in equity shares and preference shares ofJinyoung Sandbar Mecha.tronics Private Limited to compute the fair value of its investment. Based on management's assessment, as the fair value of the investment was lower than the canying amount of the investment, an impairment charge of Rs. 110.36 Lacs was recognized in the financial statements as an exceptional item in Statement of Profit and Loss.
-
5 The figures of the previous year/periods have been regrouped wherever necessary to comply with amendments in Schedule III of the Companies Act, 2013.
-
6 The Company is engaged in the business of manufacturing of automotive components. There is no separate reportable business segment as per Ind AS 108 on Operating Segments.
-
7 The situation of Covid-19 pandemic is continuously evolving. The impact assessed may be different from the estimates made as at the date of approval of these financial results and management will continue to monitor any material changes arising due to the impact of this pandemic on financial and operational performance of the Company and take necessary measures to address the situation.
8 The Board of Directors at its Meeting held on 21 May 2021, has recommended a final dividend@ 10% i.e. Rs. 1 per equily share, which has been approved by shareholders in Annual General Meeting held on 23 September 2021. The same has been paid.
-
9 The Board of Directors at its Meeting held on 18 May 2022, has recommended a final dividend @ 22.5% i.e. Rs. 2.25 per equity share. The dates of the Book closure for the entitlement of such dividend and Annual General Meeting shall be decided and informed in due course of rime.
-
10 The figures of the quarter ended 31 March 2022 and the corresponding quarter ended in the previous year as reported in the Statement, are the balancing figures between the audited figures in respect of the full financial year and the unaudited published figures up to the third quarter ended 31 December of respective years, which have been reviewed by the statutory auditors.
For and on behalf of the Board of Directors o Sandbar Technologies Limited Co-Chairman and lanavn: Uirttlar
==> picture [64 x 67] intentionally omitted <==
Pl:lce : Gurugram Da11: 18M 2022
Sandhar Technologies Limited
SA D OtOWCh Mollvallon a.net Life
CIN : L74999DL1987PLC029553
Regd. Office: B - 6[/] 20, L.S.C. Safdatjung Enclave, New Delhi 110029 Tel: 0124 - 4518900, E-mail: [email protected], Website : www.sandhargroup.com
STATEMENT OF AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31 MARCH 2022
| Sr No. Paniculars 1 Revenue fom operatons 2 Other income 3 Total income (1+2) 4 Expenses (a) Cost of materals consumed (b) Changes in inventories of fnished goods and work-in-rogre;s (c) Employee benefts expense (d) Finace costs (e) Depreciaton and amoraton expense (f Other exenses Total expenses s Proft fom operations befre exceptonal item, share of loss in joint ventures and ta (3-) 6 Exceptonal item 7 Share of loss in joint ventres 8 Proft fom operatons afer exceptonal item, share of loss in joint .entures befre ta (S-7) 9 Ta expenses (a) Current tax (b) Deferred ta (credit)/charge Total tax expenses 10 Net proft afer tax (8-9) 11 Other comprehensive income/ (loss) a) Items that will not be reclassifed to the statement of proft and lo i) Loss on remeasurement of defned beneft obligation ii) Income ta relating to the above iii) Gain on acquisiton of equity interest in joint venture iv) Income tax relating to the above b) Items that will be reclassifed to the statement of proft and loss i) Exchange diferences in translatng the fancial statements of freign operatons ii) Income tax relatng to the above Total other comprehensive income/ (loss) fr the period/ year (a+h) 12 Total comprehensive income for the period/ year (10+11) Proft attributable to: - Owners of the Company - Non-ontrlling interest Other comprehensive income attrbutable to: - Owners of the Company - Non-controllin interest Total comprehensive income attributable to: - Owners of the Company - Non-ontroling interest 13 Paid up equity share capital (Face value of Rs 10/- per share) 14 Totl Resres I Eaings Per Share (EPS) (Face value of Rs 10/-per share) (not anualised fr quaner) (a) Basic (In Rupees) (b) Diluted (In Rupees) |
Consoliated (f in lakhs, except per equity share data) Quarer ended |
Consoliated (f in lakhs, except per equity share data) Quarer ended |
Consoliated (f in lakhs, except per equity share data) Quarer ended |
Consoliated (f in lakhs, except per equity share data) Quarer ended |
Consoliated (f in lakhs, except per equity share data) Quarer ended |
Consoliated (f in lakhs, except per equity share data) Quarer ended |
Year ended | Year ended | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 March 2022 Audited (refer note 11) 68,357.83 191.63 68,549.46 43,336.52 (177.58) 8,688.97 611.98 2,656.61 10,242.83 |
31 December 2021 31 !arch 2021 Un-audited Audited (refr note 11) 61,171.22 64,199.62 144.11 312.48 61,315.33 64,512.10 37,852.71 38,482.64 254.76 (172.61) 7,877.53 7,981.45 412.93 395.88 2,491.53 2,423.32 9,958.29 10,128.37 S8,847.7S S9,239.0S |
31 March 2022 Audited 2,32,370 23 698 11 2,33,068.34 1,43,890.47 (2,306.86) 31,136 97 1,771 03 10,(>03 23 38,346.81 2,23,S41.6S |
31 March 2021 Audited 1,86,356.51 1,077.63 1.87.434.14 1,09,150.09 61.86 27,774.19 1,602.06 9,394.78 30,529.70 1,78,S12.68 |
|||||||||
| 65,359.33 3,190.13 |
||||||||||||
| 3,190.13 | 2,467.58 | S,273.0S | 9,526.69 | 8,921.46 | ||||||||
| 110.86 234.28 2,844.99 967.35 109.07 |
- 219.43 |
|||||||||||
| 110.86 234.28 |
~~-~~ 308.78 |
110.86 1,271.59 |
~~-~~ 1.119.93 |
|||||||||
| 2,158.80 731.13 (64.12) |
5,053.62 | |||||||||||
| 8,144.24 | 7,801.53 | |||||||||||
| 1,034.13 (4.82) 1,029.31 |
2,663 42 (112 11) 2,551.31 |
2,038.25 (20.08) 2,018.17 |
||||||||||
| 1,076.42 | 667.01 | |||||||||||
| 1,768.57 | 1,491.79 /46.75) |
|||||||||||
| 4,024.31 | S.S92.93 | S.783.36 | ||||||||||
| /172.26) | /54.67) | |||||||||||
| (114.11) | (310 47) | |||||||||||
| 28.75 | 11.76 904.72 (180.22) |
43.35 - |
78.17 904 72 |
137.08 - |
||||||||
| - | ||||||||||||
| ~~-~~ | (180.22) | ~~-~~ 44.08 |
||||||||||
| 41.80 | (34.11) 8.52 |
(139.67) 34.92 |
(3.13) | |||||||||
| (10.45) | 0 78 | (11.02) | ||||||||||
| (S4.01) | ||||||||||||
| 663.92 | (233.66) | 489.85 | (374.S3) | |||||||||
| L714.S6 | 2,155.71 | 3,790.65 | 6.082.78 | 5.408.83 | ||||||||
| 1,749.63 18.94 |
1,483.66 8.13 |
4,013.16 11.15 4,024.31 |
5,572.87 20.06 5,592.93 |
5,775.37 7.99 S.783.36 (373.04) (1.49) (374.S3) 5,402.33 6.50 5,408.83 6,019.07 74,418.43 9.61 9.61 |
||||||||
| 1,768.57 | 1,491.79 | |||||||||||
| (S2.02) (1.99) (54.01) 1,697.61 16.9S |
663.92 | (232.17) | 491.84 | |||||||||
) ) |
- 663.92 |
(1.49) |
(1.99) | |||||||||
| (233.66) | 489.8S | |||||||||||
| 2,147.58 8.13 |
3,780.99 9.66 |
6,064.71 18.07 |
||||||||||
| 1.714.56 | 2,155.71 3,790.65 |
6,082.78 6.019.07 |
||||||||||
| 6,019.07 | 6,019.07 6,019.07 |
|||||||||||
| ~~-~~ | ~~-~~ 2.17 |
~~-~~ | 79,875.08 | |||||||||
| 3.24 | ||||||||||||
6.69 |
9.29 | |||||||||||
| 3.24 | 2.17 | 6.69 |
9.29 |
Notes:
1 The above statement of audited consolidated financial results ('the Statement') for die quarter and year ended 31 March 2022, have been reviewed by the Audit Committee and approved by die Board of Directors at their meeting held on 18 May 2022. The same along with the report of the Statutory auditor has be n filed with the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) and is also available on the Company's website at www.sandhargroup.com.
==> picture [65 x 66] intentionally omitted <==
==> picture [100 x 51] intentionally omitted <==
Notes: Continued
-
2 Particulars of subsidiaries, step-down subsidiaries and joint ventures (iocluding Subsidiary' of a joint venture compan}') as on 31 March 2022: a) Subsidiaries and step-down subsidiaries • (i) Sandbar Technologies Barcelona S.L - subsidiary (ii) Sandhar Suategic Systems Private Limitc:d- subsidiary (under strike off) (iii) Sandbar Tooling Private Limited- subsidiary (iv) Sandbar Auto Castings Private Limited (formerly known as Sandbar Daeshin Technologies Private Limited- subsidiary) (w.e.r. 1 October 2021) (v) Sandhar Technologies Poland sp. Zoo - step-down subsidiary (vi) Sandbar Technologies de Mexico S de RL de CV - step-down subsidiary (vii) Sandbar Technologies Ro SRL • step-down subsidiary (w.e.f. 4 March 2021) (viii) Breniar Project S.L.- step-down subsidiary (Liquidated on 23 April 2021) (ix) Sandbar Auto Electric Technologies Private Limited (formerly known as Daewha India Private Limited- step-down subsidiary) (Subsidiary of joim venture upto 27 December 2021)
-
(x) Sandhar Autotech Private Limited- step-down subsidiary (Subsidiary of joint venture upto 27 December 2021) (under strike ofi) (xi) Sandbar Engin.e :ing Private Limited- subsidiary (w.e.f. 14 October 2021) (xi ) Sandbar AutomOlive Systems Private Limited (formerly known as Sandbar Daewha Automotive Systems Private Limited- subsidiary) (w.e.f. 28 December 2021)
-
b) Joint Ventures - (i) Sandbar Han Sllllj!" Technologies Private Limited (ii) Sandbar Ecco Green Energy Private Limited (under voluntary liquidation) (iii) Jinyoung Sandbar Mecbatronics Private Limited (iv) Sandbar Amkin h.dustries Private Lim.iced (v) Sandbar Deasbin Auto Systems Private Limited (under strike off) (vi) Sandbar Whetron Electronics Private Limited (vii) Kwangsung Sandbar Technologies Printe Limited (viii) Sandbar Han Shin Auto Technologies Private Limited (ix) Winnercom Sandbar Technologies Private Limited (x) Sandbar Han Shin Automotive Private Limited (under strike off)
-
c) Subsidiary of a joint venture company • (i) Kwangsung Sandbar Automotive Systems Private Limited
-
3 The Company has incorporated wholly owned subsidiary with the nane "Sandbar Auto Electric Solutions Private Limited" on 6 January 2022.
-
4 The Company has entered into Share Purchase Agreement dated 6 December 2021 oo purchase remaining 48% equity stake of Sandbar Daewha Automotive Systems Private Limited (SDASPL) and thereby has obtained control w.e.f. 28 December 2021. As the net assets acquired exceeds the consideration transferred (including fair value of existing shareholding), resulting gain has been recognised in Other compreherueivc income in these results.
-
5 During the year ended 31 March 2022, the company perforcn.ed an impairment assessment of its investment in equity shares and preference shares of Jinyoung Sandbar Mechatronics Private Limited 10 compute the fair value of its investment. Based on management's assessment, as the fair value of the investment W3S lower than the carrying amount of the investment, an impairment charge of Rs. 110.36 Lacs was recognized in the financial statements as an exceptional item in Statement of Profit and Loss.
-
6 The figures of the previous year/ periods have been regrouped wherever necessary to comply with amendments in Schedule III of the Companies Act, 2013.
-
7 Refer Annexure 1 to the Statement for disclosure with respect 10 segment revenue, segment results and segment assets and liabilities for the quarter and year ended 31 March 2022.
-
8 The situation of Covid-19 pandemic is continuously evolving. The impact assessed may be different from the estimates made as at the date of approval of these financial results and management will continue to monitor any material changes arising due to the impact of this pandemic on financial and operational performance of the Company and take necessary measures to address the situation.
-
9 The Board of Directors at its Meeting held on 21 May 2021, has reco:nme ded a final dividend@ 10% i.e. Rs. 1 per equity share, which has been approved by shareholders in An ual General Meeting held on 23 September 2021. The same has been paid.
-
10 The Board of Directors at its Meeting held on 18 May 2022, has recom ended a final dividend@ 22.5% i.e. Rs. 2.25 per equity share. The dates of the Book closure for the entitlement of such dividend and Annual General Meeting shall be decided and informed in due course of time.
-
11 The figures of the quarter ended 31 March 2022 and the com:spooding quarter ended in the previous year as reported in the Statement, are the balancing figures between the audited figures in respect of the full financial year and the unaudited published figures up to the third quarter ended 31 December of respective years, which have been reviewed by the statutory auditors.
-
12 The Standalone results of the Company are a..-ailable on the Company's website www.san.a. rgroup.com. The key standalone financial information of the Company is given beio1'
| Revenue from operatons Parcular |
31 March 2022 Audited(refer note 10) 57,310.85 Q=r ended 31 December 2021 31 March 2021 Un-audited Auderefer note 10) 51,387.18 54,959.49 Year ended 31 March 2022 31 March 2021 Audited Audited 1,94.101.58 J58,530.80 |
|---|---|
| Proft befre ta | 2,897.19 2,432.77 4,794.87 8,631.67 8,547.72 |
| Tax expse | 868.37 787.19 1,045.39 2,488.99 2,024.52 |
| Proft fr theprod |
2,028.82 1.645.58 3,749.48 6,142.68 6,523.20 |
| Other comprehesve income, net of income ta | (73.49) l.955.33 (3.99) (121.53) 1.610.59 3,627.95 (220.43) (400.20) 5,922.25 6,123.0 |
| Total comprehensive income for te perod |
For and on behalf of the Board of Directors of Sandbar Technologies Limited Co-Chairman
Co-Chairman
Place : Gurugram Dare : 18 M2}' 2022
SANDHAR Gro-Nlh Mot1v1t1loo &et1er Ulu
Sandhar Technologies Limited
STATEMENT OF ASSETS & LIABILITIES
| Pariculars ASSETS Non-curte.nt assets l'ropcr1y,plant and equipment r .p\1.Iwork-in-progess Intngble assets under development l11lu•ofUS(assets G,e;dw,11 (lh�rIntngible assets Pq11thraccounted investees t1ln1,�dilasiets (i) Investments (ii) Other fnancial assets Illcnu1c-bU'assets � lthcrnon-current assets Totinon-current assets Cunenc assets lnvtnt11m· . hmmr.1I assets (i) Investent (u) Loans (ii) Trade receivables (iv) Cash and cash equivalents (v) Other Bank balances (vi) Other fnancial assets IOthercurrent assets ·rornl current assets AsselJheld fr sale ToUli assets EQUITY AND LIABILITIES .Equity &lllll.,share capitl (lthur eqwty Tt11AIequit atrbutable to equity shareholders N<111,c11111roll 11g interests Totdl equity Li billtlco Non-<um:111 liabilities hnanciill liabilities (i Borrowing (i) Lease Liabilites (i) Othor fnancial liobilitio, Ptu�i!11Ji1� Ocl«i.JLi li.bilitic,(ncL) Tntnlnon-current liabilities Current liabilities rinnnclol liabilites (i Borrowing (ii) Trade payables • totl outtnding dues of micro enterpcises and • totl outstnding dues of creditors other than and small enterprises (iu) Lease Liabilites (iv) Other f1 1ancial liabilities Oiliercurrent liabilites 1 ncmm�ll Liabilites Pawi.o1m1• Tut�I current liabilites 101�1liabilities 1otol equit and liabilitieo |
Standalone (f in lakhe, except per equity share data) As at As at 31 March2022 31March2021 Audited Audited 58,269.73 55,180.88 3,597.13 736.42 4,028 97 3,916.70 552 35 552 35 2,589.45 533 15 |
Standalone (f in lakhe, except per equity share data) As at As at 31 March2022 31March2021 Audited Audited 58,269.73 55,180.88 3,597.13 736.42 4,028 97 3,916.70 552 35 552 35 2,589.45 533 15 |
Standalone (f in lakhe, except per equity share data) As at As at 31 March2022 31March2021 Audited Audited 58,269.73 55,180.88 3,597.13 736.42 4,028 97 3,916.70 552 35 552 35 2,589.45 533 15 |
Standalone (f in lakhe, except per equity share data) As at As at 31 March2022 31March2021 Audited Audited 58,269.73 55,180.88 3,597.13 736.42 4,028 97 3,916.70 552 35 552 35 2,589.45 533 15 |
Consolidated (f in lakhs, except per equity share data) As at As at JI M.rch2022 3t March 2021 Audited Audited 79,284 53 72,093.34 8,90719 1,454.81 3,895.16 11,449 23 10,579.59 553 30 553,30 2,921 43 952.67 4,311.83 5,166.37 429.39 520.74 2,156.54 1,210,63 610.41 505,84 :,118.95 17r l►4 I 17,**93,13.3J**\ 25,969.79\ 21,136.90\ 585 23\ 153 82\ 43 48\ 678,58\ 44,537 42\ 39,292.33\ 410 39\ 596 90\ 251.77\ 514.62\ 1,535.86\ 1,495.31\ **6,542.90**\ **2i>l2,5) 79,8?6.84 66,380.97 . 197 514.80 l,59,59.3()** |
|
|---|---|---|---|---|---|---|
| small enterprises micro enterprises |
||||||
| 16,365 35 1,078.07 444.3 198.73 |
l 1,438 77 986 27 502 34 176 04 |
|||||
| 87 J23.91 | 7402.?2 | |||||
| 15,629.94 4H8 40,659.26 23 90 84.17 114.83 2,151 0� 59,004.60 |
13,397 11 678 58 34,832.70 87.35 81.34 120.81 1,1,s.n 50,636.61 |
|||||
| ~~-~~ | ~~.~~ | |||||
| 1 •IG 128.51 6,019.07 n,975.ll |
1.2 659.Sl 6,019.07 74 G5-.?7 |
|||||
| 6,019.07 6,019.07 7?,117;,l)S 7•1.�IIS.41 85894.15 M0,437.50 |
||||||
| 85994.38 | 80,674.04 | |||||
| ~~-~~ | ~~.~~ | 387.13 369.06 |
||||
| 85,994.38 | 80,674.(il | 86,281.28 80,80,SG 24,692.34 9,928.40 8,328.50 7,841.39 36.0? 19.96 100.91 102.UI I2nl,11•1 I59u.15 |
||||
| 9,031.25 1,204.74 M2.CXl |
5.31 1,21"/.o2 'l'/),l�I |
|||||
| ll,077.9Y | 2,7.33 | 34,36168 19,GG4.U |
||||
| 14,764.76 11,301.89 17,739.19 762.10 1,328.95 1,615.75 609.51 1133.99 |
4,324.33 3,832.45 29,30.91 613.86 826.91 1,795.98 380.95 692.7 |
26,871.82 12,128.00 11,591.36 3,832.45 28,187.17 35,32192 1,526.34 1,136.49 2,467.11 1,208.12 4,672.77 4,400 40 617.67 400.36 937.GII 695.89 76,S71.84 59,123,GJ 1,11 Z33.S2 :8,787.74 l,97�14.80 1,S9,$94.3< |
||||
| �9,056,14 | 41.768.16 | |||||
| 60134.13 Ul,128.61 |
4J,985.49 l,1,659..! |
==> picture [142 x 65] intentionally omitted <==
SANDHAR
Sandbar Technologies Limited
CIN: L74999DL1987PLC029553
Regd. Office: B - 6/20, L.S.C. Safdarjung Enclave, New Delhi 110029 Tel: 0124 - 4518900, E-mail: [email protected], Website: www.sandhargroup.com
| AUDITED STANDALONE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022 | AUDITED STANDALONE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022 | AUDITED STANDALONE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022 | AUDITED STANDALONE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022 | ||
|---|---|---|---|---|---|
| Standalone | |||||
| ( in lakhs, except per equity share data) | |||||
| Sr No. | Pariculars | Yearended | Yearended | ||
| 31 March 2022 | 31 March 2021 | ||||
| Audited | Audited | ||||
| A | Cash nows fromoperatingactivities | ||||
| Proft before tax | 8,631 67 | 8,547 72 | |||
| Adjustments for : | |||||
| Depreciation and amortization expense | 7,426.26 | 6,857 01 | |||
| Impairment loss on investment in join venture | 110 36 | ||||
| Profit on sale of property, plant and equipment | (40.25) | (42.74) | |||
| Provision for doubtful debts and advances | - | 11.35 | |||
| Unrealised freign exchange gain | (48 50) | (22.58) | |||
| Interest expense | 942 75 | 909 43 | |||
| Interest income on securit deposits measured at amortised cost Gain on investments caried at fir value through proft or loss |
(1319) | (45.03) (32,73) |
|||
| Interest income | (124 94) | (148 31) | |||
| Dividend income | /23 98) | (13703) | |||
| Operating proft before working capital changes | 16 860.18 | 15,897.09 | |||
| Movements in working capital: | |||||
| Increae in trade receivables | (5,826 57) | (15,211,58) |
|||
| Increase in inventories | (2,232.83) | (1,297.43) |
|||
| Decrease/(Increase) in financial assets (Increae)/ Decrease in oter current assets |
555.46 (1,012 30) |
(3,341,21) 353,99 |
|||
| (Decrease)/ Increase in trade payables | (4,043 78) | 14,712.02 |
|||
| Decrease in current provisions | (415 62) | (469.82) |
|||
| Increase in other financial liabilities | 172,98 | 177.46 | |||
| (Decreae)/ Increae in other current liabilities | /18022) | 799.48 | |||
| Total movement in workini capital: | **(12,982.88) ** | (4.277.09) |
|||
| Cash generated from operations | 3,877.30 | 11,6200 | |||
| Income tax paid (net or refunds) | 1.918.82 | 1.938.05 | |||
| Net cash generated from operating activities (A) | 1,958.48 | 9,681.95 | |||
| B | Cash fow from investing activities: Purchae of Property, plant and equipment. |
Capital work in progress, other mtang1ble assets and capital advances | |||
| (14,347 52) | (5,587.36) |
||||
| Proceeds fom sale of propery, plant and eq111pment | 80,49 | 77,2U | |||
| Purchae of non-curent investment in subsidiaries Purcha'e of non-current inve1tment in jnint vrmt11rrs |
(3,500.01) (1,523.73) |
(2,644.24) |
|||
| Sale of non-current investment in joint ventures | 361.80 | ||||
| lncrea1e nfRank deposits (h;ving orginal maturity of more than 3 months) | (2.83) | (2.08) |
|||
| Dividend income | 23.98 | 137.03 | |||
| Interest received | 12077 | 18849 | |||
| Net cash used in inveting activities (B) | (19,148.85) | (7,469.16) |
|||
| C | Cash fow from fnancing activitie: ncpoymcnt oflon,-term borrowil\P! Proceeds from long-tenn borowings |
(16.,4) 9,500.00 |
(-''-'�) - |
||
| Proceeds fom shor-term borrowings (net) | 9,984 91 | 438.90 | |||
| Payment of leae liabilitie | (87240) | (741.37) |
|||
| Dividend paid during the year (including dividend distributionlax) | (601.91) | (1,203.81) |
|||
| Interest paid | (865.14) (883.08) |
||||
| Net cash generated from/ (used in) fnancing activities ('C) | 17,126.92 | (2,424.94) | |||
| Net decrea,e in Ca,h and ca,h equivalent• (A+B+C) | (63.45) | (212 15) |
|||
| Add: Cash and cash equivalent as al the beginning of year | 87.35 | 299 50 | |||
| Ca1h and cuh euivalents II at end of the year | 23.' | 87.35 |
Note:
The above atatement of Caah Flows has been prepared under the 'Indirect Method' as set out in IND AS 7 'Statement of Cash Flows'.
==> picture [138 x 65] intentionally omitted <==
SANDHAR
,,, ,,
Sandhar Technologies Limited
CIN: L74999DL1987PLC029553 Regd. Office: B - 6[/] 20, L.S.C. Safda[rj] ung Enclave, New Delhi 110029
Tel: 0124- 4518900, E-mail: investors[@] sandhar.in, Website: www.sandhargroup.com
| Sr No. | AUDITED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022 Consolidated (' in lakhs, except per equity share data) Particulars Year ended Year ended 31 March 2022 31 March 2021 Audited Audited Cash Row from operating activities Proft befre tax 8,144,24 7,80153 Adjustments lr : Depreciation and amortization expense I0,003.23 9,394 78 Imp1i1m.1H loss on inv�lnlclll iujuin vc11lu1e u1cl luli:icfony 110,86 Share in loss of joint venture accounted for using equity method 1,Z/1,S� 1,119 93 Gain on account of fair value of invetment exceedsitcarrying value (1 67) Proft on sale of propery, planl and equipment (52,95) (47 29) Provision for doubtful debts and advance 34.82 Unrealise foreign exchange gain (48 50) (22 58) Interet expense 1,771.03 1,602.06 Bad debts and advances written of 1.68 42 35 Interest income on security deposits meaured at amorised cost (3 55) (45.69) Gain on invetments caried at fir value through profit or loss (7114) (45.06) Interest income (109 21) (156 49) Dividend income - /113.05) Operating proft before working capital changes 21 015.61 19 565.31 Movements in working capital: (Increae)/ Decreae in trade receivables (5,015.67) (16,633 36) Decrease in inventories (4,832,89) (1,567.54) (Increase) in non current fnancial assets (945,91) (1,20278) (Increase)/Decreae in current financial a ets 598.81 (2,652 81) Decreae in other current a ets (3,573.32) (160.66) Increse/ (Decreae) in trade payables /S.n lo,552,66 Increase/(Decrease) in current provisions (484.96) (413 25) Incrcsc/(Dccrcuc) in other fmmcial liabilities (54.26) 896.52 Increase/(Decrese) in other current liabilities 34,29 941 23 Total movement in working capital: (14,197.99' 15 239.991 Cash generated rrom operations 6,817.62 14,325.32 Income tax paid (net of refunds) 1.955.14 1,952 88 Net cash eenerated fom operatine activities {A) 4 862,48 13'.4 Cash Dow from investing activities: Purchase of Property, plant and equipment, Capital work in progre , other intngible assets and cpital advance (29,702.91) (7,696.89) Proceds from sale of propery, plant and equipment 105.90 201 35 Purchase of non-current invetment in joint venture (1,523.73) (2,634 41) Sale of non-current invetment in joint venture 361.80 Proceeds/ (Purchase) fom/ of invetments (373.46) 152.74 (Incree) / Redemption of Bank deposits (having original maturity of more than 3 months) 263,18 (435.36) Dividend Income 113 05 Interest received l0RS1 197,40 Net cash used in investing activities (B) /31.122.51) /9.740.32) Cash fow from fnancing activitie: Rtµay111�11l uf lu11g-l\ lll l.U11uwi11� (IH S4) (,II, 18) Procees fom long-term borowinss 16,6:6,9: 9,/'' 41 (Ropaymont)/ proooodo fom ohort term borowings (net) 12,099,26 (7,270.99) Payment of lease liabilitie! (1,609.28) (1,738.02) Dividend paid during the period/ yer (including dividend distribution ta) (607 93) (1,09.84) Interet paid (1.50 02) 11,57S 71\ Net cashgenerated rrom/ (used in) fnancing activities (C) 25,970,44 /2,623.27) |
AUDITED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022 Consolidated (' in lakhs, except per equity share data) Particulars Year ended Year ended 31 March 2022 31 March 2021 Audited Audited Cash Row from operating activities Proft befre tax 8,144,24 7,80153 Adjustments lr : Depreciation and amortization expense I0,003.23 9,394 78 Imp1i1m.1H loss on inv�lnlclll iujuin vc11lu1e u1cl luli:icfony 110,86 Share in loss of joint venture accounted for using equity method 1,Z/1,S� 1,119 93 Gain on account of fair value of invetment exceedsitcarrying value (1 67) Proft on sale of propery, planl and equipment (52,95) (47 29) Provision for doubtful debts and advance 34.82 Unrealise foreign exchange gain (48 50) (22 58) Interet expense 1,771.03 1,602.06 Bad debts and advances written of 1.68 42 35 Interest income on security deposits meaured at amorised cost (3 55) (45.69) Gain on invetments caried at fir value through profit or loss (7114) (45.06) Interest income (109 21) (156 49) Dividend income - /113.05) Operating proft before working capital changes 21 015.61 19 565.31 Movements in working capital: (Increae)/ Decreae in trade receivables (5,015.67) (16,633 36) Decrease in inventories (4,832,89) (1,567.54) (Increase) in non current fnancial assets (945,91) (1,20278) (Increase)/Decreae in current financial a ets 598.81 (2,652 81) Decreae in other current a ets (3,573.32) (160.66) Increse/ (Decreae) in trade payables /S.n lo,552,66 Increase/(Decrease) in current provisions (484.96) (413 25) Incrcsc/(Dccrcuc) in other fmmcial liabilities (54.26) 896.52 Increase/(Decrese) in other current liabilities 34,29 941 23 Total movement in working capital: (14,197.99' 15 239.991 Cash generated rrom operations 6,817.62 14,325.32 Income tax paid (net of refunds) 1.955.14 1,952 88 Net cash eenerated fom operatine activities {A) 4 862,48 13'.4 Cash Dow from investing activities: Purchase of Property, plant and equipment, Capital work in progre , other intngible assets and cpital advance (29,702.91) (7,696.89) Proceds from sale of propery, plant and equipment 105.90 201 35 Purchase of non-current invetment in joint venture (1,523.73) (2,634 41) Sale of non-current invetment in joint venture 361.80 Proceeds/ (Purchase) fom/ of invetments (373.46) 152.74 (Incree) / Redemption of Bank deposits (having original maturity of more than 3 months) 263,18 (435.36) Dividend Income 113 05 Interest received l0RS1 197,40 Net cash used in investing activities (B) /31.122.51) /9.740.32) Cash fow from fnancing activitie: Rtµay111�11l uf lu11g-l\ lll l.U11uwi11� (IH S4) (,II, 18) Procees fom long-term borowinss 16,6:6,9: 9,/'' 41 (Ropaymont)/ proooodo fom ohort term borowings (net) 12,099,26 (7,270.99) Payment of lease liabilitie! (1,609.28) (1,738.02) Dividend paid during the period/ yer (including dividend distribution ta) (607 93) (1,09.84) Interet paid (1.50 02) 11,57S 71\ Net cashgenerated rrom/ (used in) fnancing activities (C) 25,970,44 /2,623.27) |
|---|---|---|
| A B C |
Cash Row from operating activities Proft befre tax Adjustments lr : Depreciation and amortization expense Imp1i1m.1H loss on inv�lnlclll iujuin vc11lu1e u1cl luli:icfony Share in loss of joint venture accounted for using equity method Gain on account of fair value of invetment exceedsitcarrying value Proft on sale of propery, planl and equipment Provision for doubtful debts and advance Unrealise foreign exchange gain Interet expense Bad debts and advances written of Interest income on security deposits meaured at amorised cost Gain on invetments caried at fir value through profit or loss Interest income Dividend income Operating proft before working capital changes Movements in working capital: (Increae)/ Decreae in trade receivables Decrease in inventories (Increase) in non current fnancial assets (Increase)/Decreae in current financial a ets Decreae in other current a ets Increse/ (Decreae) in trade payables Increase/(Decrease) in current provisions Incrcsc/(Dccrcuc) in other fmmcial liabilities Increase/(Decrese) in other current liabilities Total movement in working capital: Cash generated rrom operations Income tax paid (net of refunds) Net cash eenerated fom operatine activities {A) Cash Dow from investing activities: Purchase of Property, plant and equipment, Capital work in progre , other intngible assets and cpital advance Proceds from sale of propery, plant and equipment Purchase of non-current invetment in joint venture Sale of non-current invetment in joint venture Proceeds/ (Purchase) fom/ of invetments (Incree) / Redemption of Bank deposits (having original maturity of more than 3 months) Dividend Income Interest received Net cash used in investing activities (B) Cash fow from fnancing activitie: Rtµay111�11l uf lu11g-l\ lll l.U11uwi11� Procees fom long-term borowinss (Ropaymont)/ proooodo fom ohort term borowings (net) Payment of lease liabilitie! Dividend paid during the period/ yer (including dividend distribution ta) Interet paid Net cashgenerated rrom/ (used in) fnancing activities (C) |
|
| 25,970,44 /2,623.27) |
||
| Net increase/(decrease) in Cash and cash equivalent, (A+B+C) Impact on ch fow on account of freign currency translation Add: Cah and cah equivalents a at the beginning of year Cash and cash equivalents as at end otthe year |
(289.59) 8.85 103.08 (82 32) 596 90 670.37 |
|
| 410.39 596.9 |
==> picture [20 x 6] intentionally omitted <==
----- Start of picture text -----
Note :
----- End of picture text -----
The above statement of Cash Flows has been prepared rmder the 'Indirect Method[1 ] as set out in INDAS 7 'Statement of Cash Flows',
==> picture [139 x 65] intentionally omitted <==
Sandbar Technologies Limited OlOiMfl IADlwiltSANDHAR 411. � UJ4 Regd. Office: B - 6CIN: L74999DL1987PLC029553[/] 20, L.S.C. Safdatjung Enclave, New Delhi 110029 Tel: 0124- 4518900, E-mail: investors[@] sandhar.in, Website: www.sandhargroup.com
An exurc 1- Segment revenue and Segment results Fa. the quarter and year ended 31 March 2022
| Sandbar Technologes Limited SADHA CIN: L74999DL1987PLC029553 OOf It4. � UJ Regd. Ofce: B - 6/20, L.S.C. Sadatung Enclave, New Delhi 11029 Tel: 0124- 45189, E-mail: [email protected], Website: w.sandhargroup.com A exur 1- Segent revenue and Segent results Fa. te quarer and year ended 31 March 2022 Quarter ended Year ended Sr No. Parc (fin lacs) (' in lacs) 31 Mach 202 31 Deceber 2021 31 Marcb 2021 31 March 202 31 Marcb 2021 Audod Un-audited Audited Audited Audited I Segment revue •a) Inda 57,884.00 51,724.52 55,389.08 1,95,367.78 1,59,651 65 b) Eu 10,473.83 9.4.70 8.810.54 37.02,45 26.704 86 Income fom opetous (net) 68,357.83 61.17. 64.199.62 2.32.370.23 L8.35.51 2Segmet reut (proft(+), loss(-) befre tu, exceptona ites ad iterest fom eacb segent) a) Inda 3,194.46 2,388 35 4,866.23 8,479.05 8,393 uo b) Europe 373.37 183 38 583.27 1,547.08 1.010.59 Total 3,567.83 2,571.73 5,49.50 10,026.13 9,403.59 Le : a) Interest(fiance costs) 611.98 412.93 395.88 1,77103 1,602 06 b) Excetoll l items 110.86 110.86 Total Proft befre ta 2.8.9 2.15.80 5.053.62 8,14.24 7,801.53 3Segent asset a) Inda 1,49,789.69 1,32,903 37 1,20,989.81 1,49,789.69 1,20,989 81 b) Europe 47,725.11 43 310.78 38.6049 47 725.11 38/,( 9 Totl asset 1,97,514.80 176,214.15 159 594.30 1.97.514.80 1.59.594.3 4 Segment liabilites a) Ind 68,721.86 53,402.70 44,697.83 68,721.86 44,697 83 b) Europe 42.511.66 3824.73 34,089.91 42,511.66 34.089 91 Total libilites 1,1L2 .52 91.67.43 78.787.74 Lll.2 .52 78.787.74 5Capitl eployed (Segent asset less Segmet liabilites) a) Inda 81,067.83 79,500 67 76,291.98 81,067.83 76,291 98 b) Europe 5213.45 5.06605 4.51458 5.13.45 4.514 58 Total capital eployed 86.28L28 8.5.72 8,8.5 8.281.28 8,8.5 |
Sandbar Technologes Limited SADHA CIN: L74999DL1987PLC029553 OOf It4. � UJ Regd. Ofce: B - 6/20, L.S.C. Sadatung Enclave, New Delhi 11029 Tel: 0124- 45189, E-mail: [email protected], Website: w.sandhargroup.com A exur 1- Segent revenue and Segent results Fa. te quarer and year ended 31 March 2022 Quarter ended Year ended Sr No. Parc (fin lacs) (' in lacs) 31 Mach 202 31 Deceber 2021 31 Marcb 2021 31 March 202 31 Marcb 2021 Audod Un-audited Audited Audited Audited I Segment revue •a) Inda 57,884.00 51,724.52 55,389.08 1,95,367.78 1,59,651 65 b) Eu 10,473.83 9.4.70 8.810.54 37.02,45 26.704 86 Income fom opetous (net) 68,357.83 61.17. 64.199.62 2.32.370.23 L8.35.51 2Segmet reut (proft(+), loss(-) befre tu, exceptona ites ad iterest fom eacb segent) a) Inda 3,194.46 2,388 35 4,866.23 8,479.05 8,393 uo b) Europe 373.37 183 38 583.27 1,547.08 1.010.59 Total 3,567.83 2,571.73 5,49.50 10,026.13 9,403.59 Le : a) Interest(fiance costs) 611.98 412.93 395.88 1,77103 1,602 06 b) Excetoll l items 110.86 110.86 Total Proft befre ta 2.8.9 2.15.80 5.053.62 8,14.24 7,801.53 3Segent asset a) Inda 1,49,789.69 1,32,903 37 1,20,989.81 1,49,789.69 1,20,989 81 b) Europe 47,725.11 43 310.78 38.6049 47 725.11 38/,( 9 Totl asset 1,97,514.80 176,214.15 159 594.30 1.97.514.80 1.59.594.3 4 Segment liabilites a) Ind 68,721.86 53,402.70 44,697.83 68,721.86 44,697 83 b) Europe 42.511.66 3824.73 34,089.91 42,511.66 34.089 91 Total libilites 1,1L2 .52 91.67.43 78.787.74 Lll.2 .52 78.787.74 5Capitl eployed (Segent asset less Segmet liabilites) a) Inda 81,067.83 79,500 67 76,291.98 81,067.83 76,291 98 b) Europe 5213.45 5.06605 4.51458 5.13.45 4.514 58 Total capital eployed 86.28L28 8.5.72 8,8.5 8.281.28 8,8.5 |
Sandbar Technologes Limited SADHA CIN: L74999DL1987PLC029553 OOf It4. � UJ Regd. Ofce: B - 6/20, L.S.C. Sadatung Enclave, New Delhi 11029 Tel: 0124- 45189, E-mail: [email protected], Website: w.sandhargroup.com A exur 1- Segent revenue and Segent results Fa. te quarer and year ended 31 March 2022 Quarter ended Year ended Sr No. Parc (fin lacs) (' in lacs) 31 Mach 202 31 Deceber 2021 31 Marcb 2021 31 March 202 31 Marcb 2021 Audod Un-audited Audited Audited Audited I Segment revue •a) Inda 57,884.00 51,724.52 55,389.08 1,95,367.78 1,59,651 65 b) Eu 10,473.83 9.4.70 8.810.54 37.02,45 26.704 86 Income fom opetous (net) 68,357.83 61.17. 64.199.62 2.32.370.23 L8.35.51 2Segmet reut (proft(+), loss(-) befre tu, exceptona ites ad iterest fom eacb segent) a) Inda 3,194.46 2,388 35 4,866.23 8,479.05 8,393 uo b) Europe 373.37 183 38 583.27 1,547.08 1.010.59 Total 3,567.83 2,571.73 5,49.50 10,026.13 9,403.59 Le : a) Interest(fiance costs) 611.98 412.93 395.88 1,77103 1,602 06 b) Excetoll l items 110.86 110.86 Total Proft befre ta 2.8.9 2.15.80 5.053.62 8,14.24 7,801.53 3Segent asset a) Inda 1,49,789.69 1,32,903 37 1,20,989.81 1,49,789.69 1,20,989 81 b) Europe 47,725.11 43 310.78 38.6049 47 725.11 38/,( 9 Totl asset 1,97,514.80 176,214.15 159 594.30 1.97.514.80 1.59.594.3 4 Segment liabilites a) Ind 68,721.86 53,402.70 44,697.83 68,721.86 44,697 83 b) Europe 42.511.66 3824.73 34,089.91 42,511.66 34.089 91 Total libilites 1,1L2 .52 91.67.43 78.787.74 Lll.2 .52 78.787.74 5Capitl eployed (Segent asset less Segmet liabilites) a) Inda 81,067.83 79,500 67 76,291.98 81,067.83 76,291 98 b) Europe 5213.45 5.06605 4.51458 5.13.45 4.514 58 Total capital eployed 86.28L28 8.5.72 8,8.5 8.281.28 8,8.5 |
Sandbar Technologes Limited SADHA CIN: L74999DL1987PLC029553 OOf It4. � UJ Regd. Ofce: B - 6/20, L.S.C. Sadatung Enclave, New Delhi 11029 Tel: 0124- 45189, E-mail: [email protected], Website: w.sandhargroup.com A exur 1- Segent revenue and Segent results Fa. te quarer and year ended 31 March 2022 Quarter ended Year ended Sr No. Parc (fin lacs) (' in lacs) 31 Mach 202 31 Deceber 2021 31 Marcb 2021 31 March 202 31 Marcb 2021 Audod Un-audited Audited Audited Audited I Segment revue •a) Inda 57,884.00 51,724.52 55,389.08 1,95,367.78 1,59,651 65 b) Eu 10,473.83 9.4.70 8.810.54 37.02,45 26.704 86 Income fom opetous (net) 68,357.83 61.17. 64.199.62 2.32.370.23 L8.35.51 2Segmet reut (proft(+), loss(-) befre tu, exceptona ites ad iterest fom eacb segent) a) Inda 3,194.46 2,388 35 4,866.23 8,479.05 8,393 uo b) Europe 373.37 183 38 583.27 1,547.08 1.010.59 Total 3,567.83 2,571.73 5,49.50 10,026.13 9,403.59 Le : a) Interest(fiance costs) 611.98 412.93 395.88 1,77103 1,602 06 b) Excetoll l items 110.86 110.86 Total Proft befre ta 2.8.9 2.15.80 5.053.62 8,14.24 7,801.53 3Segent asset a) Inda 1,49,789.69 1,32,903 37 1,20,989.81 1,49,789.69 1,20,989 81 b) Europe 47,725.11 43 310.78 38.6049 47 725.11 38/,( 9 Totl asset 1,97,514.80 176,214.15 159 594.30 1.97.514.80 1.59.594.3 4 Segment liabilites a) Ind 68,721.86 53,402.70 44,697.83 68,721.86 44,697 83 b) Europe 42.511.66 3824.73 34,089.91 42,511.66 34.089 91 Total libilites 1,1L2 .52 91.67.43 78.787.74 Lll.2 .52 78.787.74 5Capitl eployed (Segent asset less Segmet liabilites) a) Inda 81,067.83 79,500 67 76,291.98 81,067.83 76,291 98 b) Europe 5213.45 5.06605 4.51458 5.13.45 4.514 58 Total capital eployed 86.28L28 8.5.72 8,8.5 8.281.28 8,8.5 |
Sandbar Technologes Limited SADHA CIN: L74999DL1987PLC029553 OOf It4. � UJ Regd. Ofce: B - 6/20, L.S.C. Sadatung Enclave, New Delhi 11029 Tel: 0124- 45189, E-mail: [email protected], Website: w.sandhargroup.com A exur 1- Segent revenue and Segent results Fa. te quarer and year ended 31 March 2022 Quarter ended Year ended Sr No. Parc (fin lacs) (' in lacs) 31 Mach 202 31 Deceber 2021 31 Marcb 2021 31 March 202 31 Marcb 2021 Audod Un-audited Audited Audited Audited I Segment revue •a) Inda 57,884.00 51,724.52 55,389.08 1,95,367.78 1,59,651 65 b) Eu 10,473.83 9.4.70 8.810.54 37.02,45 26.704 86 Income fom opetous (net) 68,357.83 61.17. 64.199.62 2.32.370.23 L8.35.51 2Segmet reut (proft(+), loss(-) befre tu, exceptona ites ad iterest fom eacb segent) a) Inda 3,194.46 2,388 35 4,866.23 8,479.05 8,393 uo b) Europe 373.37 183 38 583.27 1,547.08 1.010.59 Total 3,567.83 2,571.73 5,49.50 10,026.13 9,403.59 Le : a) Interest(fiance costs) 611.98 412.93 395.88 1,77103 1,602 06 b) Excetoll l items 110.86 110.86 Total Proft befre ta 2.8.9 2.15.80 5.053.62 8,14.24 7,801.53 3Segent asset a) Inda 1,49,789.69 1,32,903 37 1,20,989.81 1,49,789.69 1,20,989 81 b) Europe 47,725.11 43 310.78 38.6049 47 725.11 38/,( 9 Totl asset 1,97,514.80 176,214.15 159 594.30 1.97.514.80 1.59.594.3 4 Segment liabilites a) Ind 68,721.86 53,402.70 44,697.83 68,721.86 44,697 83 b) Europe 42.511.66 3824.73 34,089.91 42,511.66 34.089 91 Total libilites 1,1L2 .52 91.67.43 78.787.74 Lll.2 .52 78.787.74 5Capitl eployed (Segent asset less Segmet liabilites) a) Inda 81,067.83 79,500 67 76,291.98 81,067.83 76,291 98 b) Europe 5213.45 5.06605 4.51458 5.13.45 4.514 58 Total capital eployed 86.28L28 8.5.72 8,8.5 8.281.28 8,8.5 |
|---|---|---|---|---|
| Sr No. Parc I Segment revue •a) Inda b) Eu Income fom opetous (net) 2Segmet reut (proft(+), loss(-) befre tu, exceptona ites ad iterest fom eacb segent) a) Inda b) Europe Total Le : a) Interest(fiance costs) b) Excetoll l items Total Proft befre ta 3Segent asset a) Inda b) Europe Totl asset 4 Segment liabilites a) Ind b) Europe Total libilites 5Capitl eployed (Segent asset less Segmet liabilites) a) Inda b) Europe Total capital eployed |
Quarter ended Year ended (fin lacs) (' in lacs) 31 Mach 202 31 Deceber 2021 31 Marcb 2021 31 March 202 31 Marcb 2021 Audod Un-audited Audited Audited Audited 57,884.00 51,724.52 55,389.08 1,95,367.78 1,59,651 65 10,473.83 9.4.70 8.810.54 37.02,45 26.704 86 |
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| 68,357.83 61.17. 64.199.62 2.32.370.23 L8.35.51 3,194.46 2,388 35 4,866.23 8,479.05 8,393 uo 373.37 183 38 583.27 1,547.08 1.010.59 3,567.83 2,571.73 5,49.50 10,026.13 9,403.59 611.98 412.93 395.88 1,77103 1,602 06 110.86 110.86 |
64.199.62 2.32.370.23 L8.35.51 |
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| 2.8.9 2.15.80 5.053.62 8,14.24 7,801.53 1,49,789.69 1,32,903 37 1,20,989.81 1,49,789.69 1,20,989 81 47,725.11 43 310.78 38.6049 47 725.11 38/,( 9 1,97,514.80 176,214.15 159 594.30 1.97.514.80 1.59.594.3 68,721.86 53,402.70 44,697.83 68,721.86 44,697 83 42.511.66 3824.73 34,089.91 42,511.66 34.089 91 1,1L2 .52 91.67.43 78.787.74 Lll.2 .52 78.787.74 81,067.83 79,500 67 76,291.98 81,067.83 76,291 98 5213.45 5.06605 4.51458 5.13.45 4.514 58 86.28L28 8.5.72 8,8.5 8.281.28 8,8.5 |
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ANNEXURE:-A
BRIEF PROFILE OF BSR & Co. LLP
BSR & Co. LLP (Firm registration no 101248W/W-100022), is a member of the BSR & Affiliates network of firms registered with the Institute of Chartered Accountants of India. BSR & Co LL P has its presence in 14 cities in India with over 120 partners and an employee strength of over 5000 professionals. The network firms are engaged in audit, tax, and advisory services. The Firm has a ,client base spanning Indian businesses, multinationals, and listed companies in India across industry sectors.
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ANNEXURE-8
BRIEF PROFILE OF GSA & ASSOC IA TES LLP
Established in 1975, GSA & Associates LLP provides a wide range of services i.e. Audit and Assurance Services, Direct & Indirect Tax Services, Corporate Law Services, Transfer Pricing Audit, consulting in banking matters including Project Financing, Accounting, Forensic Audit Services, Compliance Advisory Services and IT Advisory Services.
Firm has 13 Partners, IO are fellow pattners and 3 associate Partners. Senior most partner of Firm is Mr Amarjit Chopra- past president of !CAI and recently been nominated as member of National Financial Reporting Authority(NFRA) by Government of India. All the paitners are trained and qualified to carry out multifunctional professional assignments.
Firm is empaneled with various regulators including C&AG(DE 1177), RBI, MCX, SFIO, IBA and have been conducting audit of both Private and Public Sector undertaking.
Firm has its own offices at Delhi, Jammu & Surat and handles assignments of PAN India through Associates network. Clientele includes several large Public Sector Companies, telecommunication companies, Insurance Companies, Public Sector Banks and Corporates.
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ANNEXURE-C
BRIEF PROFILE OF K K SACHDEVA & ASSOCIATES
Based in New Delhi K.K Sachdeva & Associates, is a sole proprietorship firm engaged in rendering the services in the areas of Corporate Laws, Security Laws, Registration of Companies, Partnership Firms, Societies, Trusts, NGOs, Legal Consultancy, Intellectual Property Rights, Statutory s and Compliance Audit etc. It is the philosophy of our firm to be proactive to our clients' requirement provide widest spectrum of corporate services under one roof.
The firm is led by Mr. K.K Sachdeva, fellow Member of the Institute of Company Secretaries of India possesses more than 26 years of post-qualification experience as a full time practicing Company Secretary. His expertise includes compliance audit of private and public sector units, SEBI inspection due diligence of companies.
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ANNEXURE- D
Brief Profile of Serva Associates
M/s Serva Associates is a 42-year-old, Chartered Accountants Audit Firm established in the year 1978, with Registration No- 000272N having its Head Office situated at 1011-1014, 10 [111 ] Floor, RG 7hde Tower, Netaji Subhash Place, Pitampura, Delhi-I I 0034. The said firm has eight (8) Full- Time partners and forty-four (44) employees, out which five (5) are qualified Chattered Accountants, five (5) are semi qualified Chartered Accountants, twenty-four (24) are Article Assistants and ten ( I 0) are Administrative Staff The team is having rich experience including DISA (!CAI), FAFD (!CAI), SAP (FICO), CIAS ()CAI) ce1tified professionals managing client work.
The Firm Permanent Account Number, GST Registration Number, Provident Fund Number and Employee's State Insurance Number are AABFS590IR, 07AABFS5901RIZS, DL-27264 and 1131528-101. The Firm has rich experience in the field of Audit and Assurance Services, Direct & Indirect Tax Advisory, compliance and litigations of various clients including CPSE's, Listed/Unlisted Body Corporates, Joint Ventures Entities, LLP's and finns.
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ANNEXURE-E
Brief Profile of Satija & Co.
Mis Satija & Co. is a sole proprietorship fi[r] m (FRN004907) engaged 111 the profession or cost accountancy.
The fi[r] m is managed by Ms. Deepika Satija, Associate Member of the Institute of Cost Accounta11ts of India (M No.36457). The firm possesses varied Industrial exposure with an extensive experience in the areas of cost & management accounting, cost audit, internal audit, tax consultancy, financial accounting services, business management & financial consultancy, corporate law advisory services and other value added services.
The mission of the firm is to strive continuously to become a hallmark of professional excellence in the chosen field through a focus on adoption of best practices in providing various services to stakeholders.
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ANNEXURE-F
CODE OF PRACTICES AND PROCEDURE FOR FAIR DISCLOSURE OF UNPUBLISI-IED PRICE SENSITIVE INFORMATION
I Background
I. I. This Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive lnfonnation, in relation to the securities of the Sandhar Technologies Limited ('Company'), is framed in terms of Regulation 8 of the Securities and Exchange Board of India (Prohibiti,on of om Insider Trading) Regulations, 2015 (hereinafter referred to as the 'Regulations'), as amended f[r] time to time.
2 Definitions
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2.1. Act: means Securities and Exchange Board of India Act, 1992 as amended from time to tiine.
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2.2 Chief Investor Relation officer: means any senior officer of the Company, designated so by the Board of Directors, who shall deal with dissemination of information and disclosure of Unpublished Price Sensitive Information.
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2.3 Unpublished Price Sensitive Information ("UPSI"): means any information·, relating to a Company or its securities, directly or indirectly affecting, that is not generally available which is upon becoming generally available, is likely to materially affect the price of the securities and shall, ordinarily including but not restricted to, information relating to the following:-
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(i) financial results;
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(ii) dividends;
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(iii) change in capital structure;
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(iv) merger, de-mergers, acquisition, delisting, disposals and expansion of business and such other transactions;
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(v) change in key managerial personnel.
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2.4 Generally Available Information: means information that is accessible to the public on a non discriminatory basis.
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2.5 Selective Disclosures: means disclosure to selective group of persons such as securities analysts or selected institutional investors, brokers and dealers or their associate persons, investment advisers and institutional managers, investment companies, hedge funds, or any other person.
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3 Functions of Chief Investor Relations Officer:
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Dealing with universal dissemination and disclosure ofUPSI.
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Determination of questions as to whether any particular information amounts to UPSI.
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Determination of response, if any, of the Company to any market rumour in accordance with this Code.
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1v. Dealing with any query received from any Insider about any UPSI.
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v. Providing advice to any Insider as to whether any particular information may be treated as UPSI.
If an Insider receives a query about any UPSI related to the company, he shall not comment on the same and shall forward such query to the Chieflnvestor Relations Officer. The Chieflnvestor Relation Officer shall deal with such query in accordance with Applicable Law and this Code.
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4 Principles of Fair Disclosure
The Company shall ensure:
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Prompt public disclosure of unpublished price sensitive information that would impact price discove1y no sooner than credible and concrete information comes into being in order to make such information generally available.
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Uniform and Universal dissemination of unpublished price sensitive information to .avoid selective disclosure.
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Designation of a senior officer as a chief investor relations officer to deal with dissemination of information and disclosure of unpublished price sensitive information.
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1v. Prompt dissemination of unpublished price sensitive information that gets disclosed selectively, inadvertently or otherwise to make such information generally available.
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v. Appropriate and fair response to queries on news reports and requests for verification of market rumours by regulatory authorities.
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v1. Ensuring that information shared with analysts and research personnel is not unpublished price sensitive information.
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v11. Developing best practices to make transcripts or records of proceeding of meetings with analysts and other investor relations conferences on the official website to ensure official confirmation and documentation of disclosure made.
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v111. Handling of all unpublished price sensitive information on need-to-know basis.
5
Process of disseminating infrmation in order to make the UPSI generally available
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a. Disclosure/dissemination of information may be done through various media so as to achieve maximum reach and quick dissemination.
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b. The website of the company may provide a means of giving investors a direct access to analyst briefing material, significant background information and questions & answers.
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Further, the Company will publish the Audio or video recordings and transcripts of post earnings/quarterly calls, by whatever name called, conducted physically or through digital means, on its website, simultaneously with submission to the recognized stock exchange(s), in the following manner:
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c.
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the presentation and the audio/video recordings shall be promptly made available on the .website and in any case, before the next trading day or within twenty-four hours from the conclusion of such calls, whichever is earlier;
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i)
the transcripts of such calls shall be made available on the website within five working days of the conclusion of such calls.
6 Manner of dealing with analyst and research personnel
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a. Only Public information to be provided - A company shall provide only public information to the analyst/research persons/large investors like institutions.
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b. Recording of discussion - In order to avoid misquoting or misrepresentation, it is desirable that at least two company's representatives be present at meetings with analysts, brokers or
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institutional investors. The Company shall adopt best practices to make transcripts or rec0>rds of proceedings of such meetings available on the website of the Company to ensure o fftcial confi[r] mation and documentation of disclosures made.
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c. Handling of unanticipated questions -The Company should be careful when dealing with analysts' questions that raise issues outside the intended scope of discussion. Unantic -pated questions may be taken on notice and a considered response given later. If the answer includes UPS!, a public disclosure, if considered appropriate, should be made before responding.
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7 Amendments
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7.1. This Fair Disclosure Code is subject to review by the Board of Directors as and when deemed necessaiy. The Board of Directors of Sandbar Technologies Limited may amend the policy from time to time depending upon the requirements of the provisions of the Companies Act, 20 I 3, the PIT Regulations and as per SEBI (Listing Obligations and Disclosure Requireinents) Regulations, 2015.
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7.2. Every such amendment shall be promptly intimated to the stock exchanges where the securities are listed.
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