Sandhar Technologies Limited — Interim / Quarterly Report 2021

Aug 14, 2020

Ref· STL I REG-30&33 I Outcome-BM /BSE I NSE I 2020-2021/68

Dated: 13th August, 2020

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 - 400 051

BSE Code: 541163; NSE: SANDHAR

Sub: Outcome ofthe Board Meeting

Ref.: Regulutiun 30 (relld willl Part A o[Sdwt/11/e Ill) and Regulation 33 o(the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations")

Dear Sir / Madam,

We are pleased to inform you that the Board of Directors of the Company, at its meeting held today i.e. on 13th August, 2020, which commenced at 11 :30 A.M. and concluded at 03: 15 P.M. considered and approved, inter alia, the following items of business:

i. Un-Audited Standalone & Consolidated Financial Results of the Company, for the First quarter ended on the 30th June, 2020, as recommended by the Audit Committee and the Statutory Auditors have carried out a 'Limited Review' for the same.

Further, Pursuant to the Regulation 33 of the Listing Regulations, we enclose herewith a copy of the Un-Audited Standalone & Consolidated Financial Results and Limited Review Reports issued by the Statutory Auditors of the Company as "Anncxurc- A".

• ii. The 28th Annual General Meeting of the Company is scheduled to be held on Wednesday, 23rd September, 2020.
• iii. Register of Members and the Share Transfer Books of the Company will remain closed from 17th September, 2020 to 23rd September, 2020 (both days inclusive).
• iv. Appointment of M/s K.K. Sachdeva & Associates, Practicing Company Secretary, as the scrutinizer for E-Voting and other related work to be undertaken at 28th Annual General Meeting of the Company to be held for the Financial Year 2019-2020 and as Secretarial Auditors of the Company for the Financial Year 2020-2021. A Brief profile of Mis K.K. Sachdeva & Associates, is enclosed herewith and marked as "Annexure - B".
• v. Re-appointment of Cost Auditors (M/s. A.N. Satija & Co.,) for the Financial Year 2020-2021. A Brief · / ..... :::: A.N. Satija & Co., is enclosed herewith and marked as "Annexure - C".

-z Sandhar Technologies Limited

Corporate Office: 13, Sector-44, Gurugram-122002, Horyono, India. Ph:+91-124'-4518900 Registered Office: B-6/20, Local Shopping Complex, Safdarjung Enclave, New Delhi- 110029, India, Ph:+91-11-405-11800 Email - enquiries@sandhar.in; website - www.sandhargroup.com; CIN - L7 4999DL l 987PLC029553

vi. Re-appointment of Mr. Arjun Sharma (DIN:00003306), as an Independent & Non-Executive Director of the Company for the Second Term of 5 consecutive years w.e.f. 24th May, 2021 subject to the approval of the shareholders at the 28th Annual General Meeting of the Company. Mr. Arjun Sharma is not debarred from holding the office of Director by virtue of any SEBI order or any other such authority.

The details required under Regulation 30 of the SEBI (LODR) Regulations, 2015 read with SEBI Circular No. CIR/ CFD / CMD / 4 / 2015, dated September 09, 2015, are enclosed as Annexure-D.

The above information will be made available on the Company's website \\Vw.sandbaruroun.corn

You are requested to take note of the same.

Thanking you,

Yours faithfully,

For San ,::~~hl~ti! · Limited

Subhi Gupta Company Secretary & Compliance Officer (Interim) Membership Number: 44467

Sandhar Technologies Limited

BS R & Co . LLP

Chartered Accountants

Building No. 10, 8th Floor, Tower-B DLF Cyber City, Phase - II Gurugram - 122 002, India

Telephone: +91 124 719 1000 Fax: +91 124 235 8613

To Board of Directors of Sandbar Technologies Limited

• I . We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of Sandhar Technologies Limited ("the Company") for the quarter ended 30 June 2020 ("the Statement"), being submitted by the Parent pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('Listing Regulations').
• 1. This Statement, which is the responsibility of the Company's management and approved by the Board of Directors, 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 of the Listing Regulations. Our responsibility is to issue a report on the Statement based on our review.
• 1. We conducted our review ofthe Slaltnmmt 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 Inslilulc of Chartered Accountants oflndia. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of Company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
• 1. Attention is drawn to the fact that figures for the 3 months ended 31 March 2020 as reported in these financial results are the balancing figures between audited figures in respect of the full financial previous financial year and the published year to date figures upto the third quarter of the previous financial year. The figures upto the end of the third quarter of the previous financial year had only been reviewed and not subjected to audit.

BS R & ◊. (a partni:irship lirm wilh R(;Qistrark,n N,_;. 8A1) 1223) c<.1rr.Jertd ini....1 B S A & Co. Lt.P jB Llrnild l1hility Parlnersh1p with LLP A1x11slrah,m No AAB8181) wi!h elfe-Gl ln;:,m Oclol)et 14,~2(il3

Registered Office: s'h Floor, Lodha EMcelus Apollo Mil ls Compound N M Joshi Marg, Mahalaxmi Mumbai - 400 011

BS R & Co. LLP

1. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with applicable accounting standards and other recognised accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBJ (Listing Obligations and Disclosure Requirements) Regulations, 2015, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For B S R & Co. LLP Chartered Accountants 11,giato:PW/W-100022

Shashank Agarwal Partner Membership No. 095109 ICAI UDIN: 20095109AAAAFF5609

Place: Gurugram Date: 13 August 2020

Sandbar Technologies LimitedSANDHARCIN : L74999DL1987PLC029553Regd. Office: B - 6/20, L.S.C. Safdatjung Enclave, New Delhi 110029.Tel : 0124 - 4518900, E-mail: investors@sandhar.in, Website : www.sandhargroup.com
	S'l'A1'RMU:NTOP UNAUOl'l'ED STANOALONI! FINANCIAL IIR.~ u,:rs FOil 'tllf! QUA!l.'l'.Elt ENOJm .lOJUNE 2020
		Standalone(fin lakhs, cxccpl per equity share data)
Sr No,	Particulars		Quarter ended		Year ended
		JO June 2020	31 March 2020	JO June 20L9	31 March 2020
		Un-audited	Audited(refer nnfc 4)	Un-audited	Audited
J2	Revenue from operationsOther income	9,935 7664.7,J	)3,521 01492 78	47,2683311766	164,002 851,012 48
J	Total income (1+2)	J0,000.50	34,013.79	41 l SS.19	165 015 ,.33
4	ExpensesCost of materials consumed(a)(b) Changes in invcn1ories of finished goods and work-in-progress(c)Employee bencfi1s expense(d) Finance costsDepreciation and amortization expense(e)O1her expenses(Q	6,000 98426 382,988 3114L801,554511,67341	20,225 65287075,125 36253 291,854175,066 21	30,077 97349 346,08204362221,916786,15215	103,138 414H 7622,329 831,263 437,5601722,216 24
	Total expenses	12 785.39	32 81J.7S	•UJM0.50	156 922.84
5	Profil/(Loss) from operations before exceplional item and tax (3-4)	12784.89\	]202.04	2,445.49	8 092 49
6	Exceptional item
7	Profit/(Loss) from operations after exceptional item and before tax (5-6)	(2 784,89\	J 202.04	2'14M9	8.092,49
8	Tax expenses(a)Current tax(b)Deferred lax (credit)/charge	(751 44)48 28	386 34(120 55)	810 988 74	2,293 31(292 92)
	Total tax expenses	t/U,l,lb)	'JJ,;,'/ii	JUIJ.'I~	2 UUU.JI)
9	Net profit/(Loss) after lax (7-8)	!'M81,73l	9.lG.25	,,~.,,	6.09210
JO	Olher comprehensive incomea) II ems that will not be reclaasified to the statement of profit and lossi) Gain/(Loss) on remeasurement of defined benefit obligationii) Income tax relating to lhe above	6818(17.16\	1 055.0l(265.55	(25.028 74	98099(246.92\
	Total other comprehensive income for the period/ year (a (i+ii))	51.02	789.46	116.28\	734.07
11	Total comprehensive income for the period/ year (9+ 10)	(2 030.71\	1725.71	1609.49	6 826.17
12	Paid up equity share capital (Face value of Rs 10/- per share)	6 0 19.01	6.1119.ol	6.019.01	6 019.117
]3	Reserve excluding Revalua1ion Reserves				111:p,.11<
14	Earninga Per Share (BPS) (Face value of Rs 10/- per share) (nol annualised for quarter)Buie(a)(b) Diluted	13.46<br>13.46\	1.5,IJ.55	2.702.70	I0,1210,11

The above statement of unaudited standalone financial results ('the Statement') for the quarter ended 30 June 2020, has been reviewed by the Audit Commirtee and approved by 1he Board of Directors at their meeting held on 13 August 2020. The same along with the Limited review 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 slandalone financial resull8 have been prepared in accordance with the recognition and measurement principles of the Indian Accounting Standarda ('Ind AS') preacribed under Section 133 of the Companies Act, 2013.

The Company's business activity falls within a single primary bu1ine1S segment viz. "Automolive Components". The operating segment has been defined based on regular review by 1he Company's Chief Operating Deci1ion Maker lo uaess the performance of the Company and to make decision about allocalion of resources.

• Un account of the spread ofCOVID-19, the Governmenl oflndia had imposed a complete nation-wide lockdown leading 10 sbut down of the Company's manufacturing facilities and logistics operations. Since 1hen 1he Government of India hu progessively relaxed lock down conditions and haa allowed moat of the industries and bu1ineses to resume operations in a phased manner. During 1he quarter, the Company has resumed its manufacturing facilitiea and is currently in the proce1S of further scaling up its operations.Further, since the lockdown was slill in force for a significant period of the reported quarter, the Company's operations were impacted however, management believes that the impact seems to be temporary in nature and the pandemic is not likely to have an impact on the recoverability of the carrying value of its assets as at 30 June 2020. The management is conlinuously and closely monitoring the developments and possible effects that may result from the current pandemic on its financial condilion, liquidity and operalions and is actively working to minimize the impact of 1his unprecedented siluation. As the situation is still continuously evolving, the eventual impact may be different from lhe estimates made as of the date of approval of these financial results.
• Figures of the quarter ended 31 March 2020 are lhe balancing figures between audited figures of the full financial year ended Jl March 2020 and published year to date figures uplo 31 December 2019, being the date of the end of the third quarter which have been reviewed by the statutory auditors.
• The Board of Directors al ils Meeting held on 27 June 2020 has approved the appoinlment of Mr. Puru Aggarwal as a Chief Financial Officer of the Company in place of Mr. Narender Kumar Dogra, Chief Financial Officer (Interim) with effect from 1 August, 2020.
• The Board of Directors at its Meeting held on 27 June 2020 has recommended a final dividend@ 7.5% i.e. Rs. 0.75 per equity share. The dates of the Book closure for the en1illement of such dividend and Annual General Meeting shall be decided and informed in due course of 1ime.

Phlt!t! : Gurugram 0 111,c.d : lJ i\ u IJJ.I 2tl'l:U

For and on behalf of the Board of Directors 1} ( Sanilh111 r Technologies I.. m11ed

BS R & Co. LLP

Chartered Accountants

Building No. 10, 8th Floor, Tower-8 DLF Cyber City, Phase - II Gurugram - 122 002, India

Telephone: +91 124 719 1000 Fax: +91 124 235 8613

To Board of Directors of Sandbar Technologies Limited

• 1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Sandhar Technologies Limited ("the Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group"), and its share of the net loss after tax and total comprehensive loss of its joint ventures (including a subsidiary of a joint venture company) for the quarter ended 30 June 2020 ("the Statement"), being submitted by the Parent pursuant to the requirements of Regulation 33 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, 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 of the Listing Regulations. 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 Pe,:formed 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 also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the Listing Regulations, to the extent applicable.

1. The Statement includes the results of the following entities: Parent Company: Sandhar Technologies Limited

BS R R Co (a i:,iurtnNshir. lirrn will, regis1ralion N!'..'- AG1223) t;<:1n1,1orlerj inL0 BS A & C<,. LLP (;i L;mif.;d liability Parlnersl1ir, wit11 I. LP A.,i!)IJl lralion No. A.AB-610 I) with ;:,Uct fri:,m Oclot)r io1 1'tj 13

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Registered Office: 51h Floor, Lodha E)(celus Apollo Mill~ Compound N M Joshi M:Hg, Mahalaxrnl Mumbai - 400 011

BS R & Co. LLP

Subsidiaries:

Sandhar Tooling Private Limited Sandhar Strategic Systems Private Limited Sandhar Technologies Barcelona S.L. Sandhar Technologies Poland sp. Zoo Sandhar Technologies de Mexico S de RL de CV Breniar Project, S.L.

Joint ventures:

Indo Toolings Private Limited Sandhar Daewha Automotive Systems Private Limited Sandhar Han Sung Technologies Private Limited Sandhar Ecco Green Energy Private Limited Jinyoung Sandhar Mechatronics Private Limited Kwangsung Sandhar Technologies Private Limited Sandbar Whetron Electronics Private Limited Sandhar Daeshin Auto Systems Private Limited Sandhar Amkin Industries Private Limited Winnercom Sandhar Technologies Private Limited Sandhar Han Shin Automotive Private Limited Sandhar Han Shin Auto Technologies Private Limited

Subsidiary of a Joint venture:

Kwangsung Sandhar Automotive Systems Private Limited

• 1. Attention is drawn to the fact that the figures for the 3 months ended 31 March 2020 as reported in these financial results are the balancing figures between audited figures in respect of the full previous financial year and the published year to date figures upto the third quarter of the previous financial year. The figures upto the third quarter of the previous financial year had only been reviewed and not subjected to audit.
• 1. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of other auditors referred to in paragraph 7 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to he disclosed, or that it contains any material misstatement.
• 1. We did not review the interim financial information of four subsidiaries included in the Statement, whose interim financial information reflect total revenues (before consolidation adjustments) of Rs. 2,875.21 Lacs, total net loss after tax (before consolidation adjustments) of Rs. 642.38 Lacs and other comprehensive income (before consolidation adjustments) of Rs. 43.38 lakhs, for the quarter

BS R & Co LLP

ended 30 June 2020, as considered in the Consolidated Unaudited Financial Results. The interim financial information of these subsidiaries has been prepared in accordance with the accounting principles generally accepted in their respective countries. The Parent Company's Management has converted the interim financial information of these subsidiaries located outside India from accounting principles generally accepted in their respective countries to accounting principles generally accepted in India, which have been reviewed by us. The Consolidated Unaudited Financial Results also includes the Group's share of net loss after tax (and other comprehensive loss) (before consolidation adjustments) of Rs. 55.48 Lacs for the quarter ended 30 June 2020, as considered in the Statement, in respect of one joint venture, whose interim financial information has not been reviewed by us. The interim financial information has been reviewed by other auditor whose report has been furnished to us by the management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries and joint venture, is based solely on the reports of the other auditors and the procedures performed by us as stated in paragraph 3 above.

Our conclusion on the Statement is not modified in respect of the above matter.

1. The Statement includes the interim financial information of two subsidiaries which have not been reviewed, whose interim financial information reflect total revenue (before consolidation adjustments) of Rs. 123.45 Lacs, total net loss after tax (and other comprehensive loss) (before consolidation adjustments) of Rs. 59.13 lakhs for the quarter ended 30 June 2020, as considered in the Statement. The Statement also includes the Group's share of total net loss after tax (and other comprehensive loss) (before consolidation adjustments) of Rs. 54.37 Lacs for the quarter ended 30 June 2020, as considered in the Consolidated Unaudited Financial Results, in respect of five joint ventures, based on their interim financial information which have not been reviewed. According to the information and explanations given to us by the management, these interim financial information are not material to the Group.

Our conclusion on the Statement is not modified in respect of the above matter.

For B S R & Co. LLP Chartered Accountants c:Ii:~ t::J?Wffl-100022

Shashank Agarwal Partner Membership No.: 095109 ICAI UDIN:20095109AAAAFG1876

Place: Gurugram Date: 13 August 2020

Sandhar Technologies LimitedCIN : L74999DL1987PLC029553SANDHAR,Regd. Office: B - 6/20, L.S.C. Safdarjung Enclave, New Delhi 110029 .Tel : 0124 - 4518900, E-mail : investors@sandhar.in, Website : www.sandhargroup.com
	STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR ·nm QUAR'l'lm ll NDlill .111 JUNE 2020
	Consolidated(fin lakhs, except per equity share data)
Sr No.	Particulars		Qua.rtcr eru.h:(I
		30 June 2020Un-audited	31 March 2020Audited (refer note S)	JO June 2019Un-audited	31 Merch20.20Audited
I2	Revenue from operationsOther income	12,925 957319	4(1,858 0549045	55,16813134 22	194,339 701,004 97
3		12 999,14	41.348.50	55,302.35
	Total income (1+2)				195 344,67
4	ExpensesCost of materials consumed(a)	6,745 94	21,922.72	31,903 60	109,882 99
	(b) Changes in inventories of finished goods and work-in-progress	138 85	50-135	510 19	1,478 82
	(c)Employee benefits expense(d) Finance costs	4,145 59306 07	6,835 50473 30	7,756 94560 84	29,085 812,045 63
	Depreciation and amortization expense(e)	2,154 39	2,455 03	2,458 33	9,841 47
	(0Other expenses	3,173 29	7,707 72	9,538 12	34,255 30
	Total expenses	16 664J 3	39,898.62	52,728.112	IB6 590.02
5	Profit/(Lose) from opel1illtions before exceptional item, share of (profit)/10s11 of joint ventures and tax (3-4)	(3,664,99)	1,449.88	2 574.33	8 754,65
6	Exceptional item
7	Share of (profit)/Lo11s of joint ventures	346.19	17,02)	313.23	949.72
8	Profit/(Loss) from operations after exceptional item, srulre of (profit)/loss of joint venture before tax (5~-7)	140W8l	J 456. <jo< td="">2.26WD7.&04.93</jo<>	2.26WD	7.&04.93
9	Tax expenses
	Cmrent tax(a)Deferred tax (credit)/charge(b)	(945 99)48 28	35073(104 37)	829 6438 67	2,386 43(279 38)
	Total tax expenses	(897.71)	246.36	868.31	2 107.05
10	Net profit/(Loss) after tax (8-9)	13 ll3.47l	12!0.54	J .,92.79	5 697.88
11	Other comprehensive income
	a) Items that will not be reclassified to the statement of profit and lossi) Gain/(Loss) on remeasurement of defined benefit obligation	68H	1 OROB	(25 02)	l .00611
	ii) Income tax relating to the above	(17J.6)	1271.87)	R 74	(?l:,l ?4
	b) Items trult will be reclassified to the statement of profit and 101111
	i) Exchange differences in translating the financial statements of foreign operations	57 84	--183 89	36.!!?_	28046
	ii) Tncnmr tAx rrhlring tn thl" at:uwl!'	~\	f4'i QR\	{() 21,	nn Pl
	Total other comprehensive income for the period/ year (a+b)	94AO	?46.17	II.lo	%J,ll
11	Total comprehensive income for the period/ year (10+ 11)	13 019.0Tl	2J56.11	1404.u;	6 661.119
	Profit attributable to:
	- Owners of the (;ompany- Non-controlling interest	(3,I0!.60)(11.87	1,217.25/6-71)	1,392.420.37	5,689.608.28
	Other comprehensive income attributable to:	13 113.47	1.210.54	l.392.19	H97.88
	- Owners of the Company- Non-controlling interest	94.40	942.40J.77	11.36	959.44J.77
		94.{0	946,11	1L3.6	96.1,2.1
	Total comprehensive income attributable to:- Owners of the Company	(3,007.20)	2,159.65	1,403.78	6,649.04
	- Non-controlling interest	11L87(3 019.07	/2.9412156.71	0,371.404.15	u.o;6 661.09
13	Paid up equity srulre capital (Face value of Rs 10/- per share)	6.019.07	6 019.07	~ 019,U1	M19.07
14	Reserve excluding Revaluation Reserves			-	70.225.94
15	Earnings Per Share (EPS) (Face value of Rs 10/- per share) (not annualised for quarter)Basic(a)	(5.17)	2.01	2.31	9.47
	(b) Diluted	15,[7)	2.Qj	2,11	9.47

Notes:

I The above statement of unaudited consolidated financial results ('the Statement) for the quarter ended 30 June 2020, have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 13 August 2020. The same along with the limited review report of the Statutory auditor has been filed with the Bombay Stock Exchange (BSE) and National Stock Excrulnge (NSE) and is also available on the Company's website at www.sandbargroup.com. The consolidated 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.

Notes : Continued

l		i'1uncuh11r11 ol nbtnJfori t.1 , step-down 1mlJ.1d11mc:1. m Jt)lnl vcu~nrn (nu:: luiJIIIN'. SubsidJary or a joint 'enture company) as on 30 June 2020:
	a) Subsidiaries and slep-down subsidiaries - (i) Sand.har Technologies Barcelona S,L, - subsidiary
	(ii) Sandbar Strategic Systems Private Limited- subsidiary
		(iii) Sand.har Tooling Private Limited- subsidiary
		(iv) Sandhar Technologies Poland sp. Zoo - step-down subsidiary
		(v) Sandhar Technologies de Mexico S de RL de CV - step-down subsidiary
		(vi) Brenfar Project S.L. - step-down subsidiary
	b) Joint Ventures -	(i) lndo Toolings Pri\·ate Limited
		(ii) S:mdhar Daewha Automotive Systems Private Limited
		(iii) Sandhar Han Sung Technologies Private Limited
		(iv) Sandhar Ecco Green Energy Privale Limited
		(v) Jinyoung Sandbar Mechatronics Private Limited
		(vi) Saodhar Amkin Industries Private Limited
		(vii) Sandbar Dashin Auto Systems Private Limited
		(viii) Sandbar Wbetron Electronics Private Limited
		(ix) Kwansuog Sandbar Technologies Private Limited
		(x) Winoercom Sandbar T echnologies Private Limited w.cr. 22 August 2019
		(xi) Sandbar Hao Shin Automotive Private Limited w.e.f. 16 September 2019
		(xii) Sandbar Hao Shin Auto Technologies Priwte Limited
	c) Subsidiary of a joint venture company:	(i) Kwaogsung Sandbar Automotive Systems Private Limited w.e.f21 November 2019.
		On account or the spread or COVID-19, the Government of India had imposed a complete nation-wide lockdown leading to shut down of the Group's manufacturing facilities and logistics
	Dogra, Chief Financial Officer (Interim) with effect from 1 August, 2020.	operations. Since then the Government of India has progessively relaxed lock down conditions and has allowed most of the industries :md busineses lo resume openations in a phased manner.During the quarter, the Group has resumed its manufacturing facilities and is currently in the process of further scaling up its operations.Further, since the lockdown was still in force for asignificant period of the reported quarter, the Group's operations were impacted however, management believes that the impact seems to be temporary in natwe and the pandemic is not likely tohave an impact on the recoverability of the carrying value of its assets as at 30 June 2020. The management is continuously and closely monitoring the developments and possible effects that mayresult from the current pandemic on its financial condition, liquidity and operations and is actively working to minimize the impact of this unprecedented situation. As the situation is stillcontinuously evolving, the eventual impact may be different from the estimates made as of the date of approval of these financial results.Figures of the quarter coded 31 March 2020 are the balancing figures between audited figures of the full financial year ended 31 March 2020 and published year to date figures upto 31 December2019, being the date of the end of the third quarter which have been reviewed by the statutory auditors.The Board of Directon at its Meeting held on 27 June 2020 bas approved the appointment of Mr. Puru Aggarwal as a Chief Fimmcial Officer of the Company in pig.cc of Mr, Narender Kumar
		The Standalone results of the Company are available on the Company's website www.sandhargroup.com. The key st:mdalone financial information of the Company is given below:
				Qu11run cmded
		Particular	30 June 2020	31 Mercb 2020	JO June 2019	31 M111rch 2020
				Audited
			Un-11utllled	(rdernote4\	Un-11udlted	Audlled
	Re, enue from operntmns		9l935.76	33.521.01	47 268.33	164,002,85
	Profit/(Loss) before tax		(2 784.89	1~202,04	2,445 ,49
	Tax exoeme		n OJ.I&	m:r;	IU9.72
	Profit/ (Lose) ror the penod
	O ther comprehensive income, net of income tax		(2,081.73)51.02	936.25789.46	1,625.77(16.28)	8,092.492.000.396,092.10734.07

Phu::e : Gurugram

Outed : ll Au •u1t202.D

For and on behalf of the Board of Directors "' Sandbar Technologies Wm.ifed

Sandbar Technologies Limited SANDHAR CIN: L74999DL1987PLC029553 Growth Mouvauon a.aer Ute. Regd. Office: B - 6/20, L.S.C. Safdatjung Enclave, New Delhi 110029. Tel : 0124 - 4518900, E-mail: investors@sandhar.in, Website : www.sandhargroup.com

Anne]f:llle 1 -Segment revenue, Segment results, Segment assets, Segment liabilities and Segment capital employedFor the quarter ending 30 June 2020
	Particulars		Year ended(fin lacs)
Sr No.		30June 202031 March 2020		30June 2019	31 March 2020
		Un-audited	Audited	Un-audited	Audited
1	Segment revenuea) India	10,050.74	33,784.46	47,410.04
	b) Europe	2,875.21	7.073.59		165,262.39
	Income from operations (net)	12,925.95	40,858.05	7.758.0955, 168.13	29.077.31194,339.70
2	Segment results (profit ( + ), loss (-) before ta><, exceptional items and interest from each segment)
	a) India	(3,024.79)	1,457.28	2,501.02	8,460.28
	b) Europe	(680.31)	472.92	320.92	1,390.28
	Total	(3,705.10)	1,930.20	2,821.94	9,850.56
	Less:
	a) Interest (finance costs)	306.07	473.29	560.84	2,045.63
	b) Exceptional items	-	-	-
	Total Profit before tax	(4,011.17)	1,456.91	2,261.10	7,804.93
3	Segment assets
	a) India	93,924.43	101,533.80	117,325.61	101,533.80
	b) Europe	34,895.66	35.055.54	35.640.75	35.055.54
	Total assets	128,820.09	136,589.34	152,966.36	136,589.34
4	Segment liabilities
	a) India	23,859.22	29,048.54	47,612.53	29,o48.54
	b) Europe	31,372.37	30,933.24	32,641.20	30,933.24
	Total liabilities	55,231.59	59,981.78	80,253.73	59,981.78
5	Capital employed (Segment assets less Segment liabilities)
	a) India	70,065.22	72,485.28	69,713.08	72,485.28
	b) Europe	3.523.29	4,122.29	2,999.55	4.122.29
	Total capital employed	73,588.51	76,607.57	72,712.63	76,607.57

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BRIEF PROFILE OF K.K SACHDEVA & ASSOCIATES (COMl1 ANY SECRE~I ARIII:S)

ABOUT US

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 Compliance Audit etc. It is the philosophy of our firm to be proactive to our clients' requirements and 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 Irnlia 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.

BRIEF PROFILE OF A.N. SATIJA & CO

Based in New Delhi, AN. Satija & Co. is a sole proprietorship firm engaged in the profession of cost accountancy.

The firm is led by Mr. AN. Satija, Fellow Member of the Institute of Cost Accountants oflndia. He possesses varied Industrial exposure with an extensive experience of 3 8 years 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 firm has grown to its present position through the excellence of its professional services and the success of its clients.

Its mission 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.

Tlte {actors which distiuguisl, ow· services from tltose of om· competitors:

• Experienced team of professionals
• Promptness of delivery
• Efficiency
• Sound knowledge of business solutions

ANNEXURE-D

Appointm nt of Mr. Ar jun Sharma (DTN:00003306), as �in ln dep ndcnt & Non-Executive Director of th• '01mrnny for the Second Term of 5 consecutive years. l' l

S.No	Details of the Events that need to beorovided	ARJUN SHARMA
1	Reason of Change viz.Appointment, Re-appointment,Resignation,Ren1-(wal, d ea th-e-F-oth e rw ise~	ArjunSharmaappointedasanIndependent&Non-ExecutiveDirectorof theCompanyfortheSecondTerm of5 consecutiveyears.
2	Date of Appointment/eessation (as-applieahle)Term of Appointment	24th May, 2021The second term as Independent & Non-ExecutiveDirector of the Company ofShri Arjun Sharma willcommence w.e.f 24th May, 2021 for a period of 5years ending on 23rd May, 2026, subject to theapproval of the shareholders at the 28th AnnualGeneral Meeting of the Company.
3	Brief Profile (in case ofappointment)	Arjun Sharma is the Chairman of the Select Group,India's renowned business house with diversifiedbusiness interests in Shopping Center, Travel &Tourism,Hospitality,Retail,AgricultureandPrivate Equity. The flag ship project of the group isIndia's no 1 shopping Centre Select CITYWALK.He also serves as the Chairman of Le Passage toIndia,OneofIndia'slargestDestinationmanagement companies. He is a member of severalleading tourism forums which include the CII,National Committee on tourism which he has beenCo-Chairing now for the last 6 years, he has alsoheld leadership positions in the past in WTTCIndia, PATA International, PATA India Chapter,Indian Association of Tour Operators and currentlyalso is on the National Advisor Council of Tourism,constituted by the Ministry of Tourism, Govt. ofIndia.
4	DisclosureofrelationshipbetweenDirectors (In case of an Appointment asDirector	NA