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Sandhar Technologies Limited — Interim / Quarterly Report 2021
Nov 12, 2021
60876_rns_2021-11-12_c234bba6-ac7c-4107-a49f-6465c5806f55.pdf
Interim / Quarterly Report
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SANDHAR Growth. Motivation. Better Life
Ref- STL I REG-30&33 I Outcome-BM /BSE I NSE I 2021-2022/89
Dated: 12[th ] November, 2021
To, To, Department of Corporate Services, Listing Department, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Dalal Street C-1, G-Block, Bandra-Kurla Complex Mwnbai - 400 001 Bandra, (E), Mumbai - 400 051
BSE Code: 541163; NSE: SANDHAR
Dear Sir/ Madam,
Sub: Outcome of Board Meeting
Ref: Regulation 30 (read with Part A of Schedule Ill) and Regulation 33 of the EBI · " (Listing Obligations and Di clo ure Rcguit m 1ts) Regulations, 2015 ( Listng 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 inform you that the Board of Directors of the Company, at its meeting held today i.e;, on the 12 [th ] of November, 2021, which commenced at 11 :30 A.M. and concluded at 2:00 P.M. considered and approved, inter alia, the following items of business:
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I. Un-Audited Standalone & Consolidated Financial Results of the Company, for t.he Quarter and
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· Half Year ended on the 30[th ] September, 2021, 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 "Auuexure- A",
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The proposal for the striking off the name of the following Companies:
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(a) Sandhar Daeshin Auto Systems Private Limited (S0:50 Joint Venture ofDaeshin Machinery Ind. Co. Ltd. and Sandhar Technologies Limited)
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(b) Sandhar Strategic Systems Private Limited (Subsidiary of Sandhar Technologies Limited)
In compliance with regulation 46(2) of the SEDI (Listing Obligatio11s and Disclosure Requirements) Regulations, 2015, the above information will be made available on the Company's website www.sandhargroup.com
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Sandhar Technologies Limited
Registered . Office: B-6/20, Local Shopping Complex, Safdarjung Enclave, New Delhi- 110029, India, Ph:+91-11-40511800 Corporate Office: 13, Sector-44, Gurugrom-122002, Horyona, lndici. Ph:+91-124-4518900 Email· [email protected]; website - www.sandhargroup.com; CIN. L74999DL1987PLC029553
You are requested to take note of the same.
SANDHAR Growth. Motivation. Better Life
Thanking you,
Yours Faithfully,
ogies Limited
J om I .m,7 Company Secretary & Compliance Officer
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Encl.: As above
Sandbar Technologies Limited
Corporate Office : 13, Sedor-44, Gurugram-122002, Haryana, India. Ph: +91-l 24-4518900 Registered 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 49990Ll 987PLC029553
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Sandbar Technologies Limited CIN: L74999DL1987PLC029553 Regd. Office: B - 6/20, L.S.C. Safdarjung Enclave, New Delhi 110029 Tel: 0124 - 4518900, E-mail: in [email protected], Website : www.sandharg roup.com
STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED 30 SEPTEMBER 2021
| Sr No. Parcubs 1 Revenue fom operatons 2 Other income 3 Total income (1+2) 4 Expenses (a) Cost of materils consumed (h) Changes in inventories of fnished goods and wrk-in-progress (c) Employee beneft expense (d) Finance cost (e) Depreciaton and amoraton expense (f Other expenses Total expenses 5 Proft/ (Loss) fom oeratons befre exceptnal item ad tax (3-) 6 Exceptonal item 7 Profit/ (Loss) fom operatons afer exceptonal itm a befre tax (5-6) 8 Tax expenses (a) Current ta (h) Deferred tax (credit)/charge Total tax expenses 9 Net proft/ (loss) afer tax (7-8) 10 Oter comprehensive income a) Items that will not be reclassifed to the st2eme t of profit and loss i) Gain/ (Loss) on remeasurement of defned bnfit obligaton ii) Income ta relatng to te above Total other comprehensive income fr te period/ "ear (a (i+ii)) 11 Total comprehensive income fr the perod/ year (+10 1 Paid up equity share capital (Face value of Rs 10/-per sare) 1 Resere excluding Revaluaton Reseres 14 Eargs Per Share (EPS) (Face value of Rs 10/-per share) (not annualised fr quarer/ half year) (a) Basic (h) Diluted |
Sr No. Parcubs 1 Revenue fom operatons 2 Other income 3 Total income (1+2) 4 Expenses (a) Cost of materils consumed (h) Changes in inventories of fnished goods and wrk-in-progress (c) Employee beneft expense (d) Finance cost (e) Depreciaton and amoraton expense (f Other expenses Total expenses 5 Proft/ (Loss) fom oeratons befre exceptnal item ad tax (3-) 6 Exceptonal item 7 Profit/ (Loss) fom operatons afer exceptonal itm a befre tax (5-6) 8 Tax expenses (a) Current ta (h) Deferred tax (credit)/charge Total tax expenses 9 Net proft/ (loss) afer tax (7-8) 10 Oter comprehensive income a) Items that will not be reclassifed to the st2eme t of profit and loss i) Gain/ (Loss) on remeasurement of defned bnfit obligaton ii) Income ta relatng to te above Total other comprehensive income fr te period/ "ear (a (i+ii)) 11 Total comprehensive income fr the perod/ year (+10 1 Paid up equity share capital (Face value of Rs 10/-per sare) 1 Resere excluding Revaluaton Reseres 14 Eargs Per Share (EPS) (Face value of Rs 10/-per share) (not annualised fr quarer/ half year) (a) Basic (h) Diluted |
Standalone Cf in lakhs, except per equity share data) Qu:�r onded Six months ende |
Standalone Cf in lakhs, except per equity share data) Qu:�r onded Six months ende |
Standalone Cf in lakhs, except per equity share data) Qu:�r onded Six months ende |
Year ended | Year ended | Year ended | ||
|---|---|---|---|---|---|---|---|---|---|
30 September 2021 30 June 2021 30 September 2020 30 September 2021 Un-audited Un-audited Un-audited Un-audited 53,636.15 31,767 4 42,648 76 85,403.55 168 99 137 20 30204 306.19 |
30 September 2020 31 March 2021 Un-audited Audited 52,584 52 1,58,530,80 366 78 **939. ** |
||||||||
| 53.805.14 31.904.60 42,950.80 85,709.74 35,939 70 21,005 24 27,570 53 56,944.94 (126.08) (329.92) (350.95) (456.00) 6,302.54 4,823 56 5,593.70 11,126.10 167.83 199 58 271.01 367.41 1,820.56 1,750 06 1,744.84 3,570.62 6,533.61 4,321 35 5,488 46 10,854 96 |
52,95L30 1,59,470.13 33,571 51 1,01,910.72 75.43 (54.98) 8,582 01 20,887.08 412 81 909.43 3,299.35 6,857.01 7,16187 20,413.15 |
||||||||
| 50.638.16 31,769.87 40,317.59 82,408.03 |
53.102.98 1,50,922.41 |
||||||||
| 3,166.98 134.73 2,633.21 3,301.71 |
(15L68) 8,547.72 |
||||||||
| ~~-~~ 3.166. |
~~-~~ ~~-~~ ~~-~~ |
~~-~~ ~~-~~ |
|||||||
| (151.68) 8.547.72 (47.26) 2,013.92 18.50 10.60 |
|||||||||
| 942.07 34.70 (14.44) 1.10 797.63 35.80 |
|||||||||
35.80 |
674.40 833.43 |
/28.76) 2,024.52 /1 .92) 6,523.20 /156.94' /534.80) |
|||||||
1.958.81 2.468.28 |
|||||||||
| (14.61 | ) /225.12) (149.61) |
||||||||
| 3 6 | 8 **33.9 ** |
8 56 66 37.66 |
39,50 134.60 |
||||||
| 110.93) (101.021 (168.46) (111.95) |
(117.41 (400.201 |
||||||||
| 2.358.42 (2.09) 1,79035 2,356.33 |
(240.36) 6,123.00 6.019.07 6,019.07 |
||||||||
| 6,019.07 | 6.019.07 6.019.07 6.019.07 |
6.019.07 | |||||||
| 1 1 14 |
Paid Rese Ea (a) (h) |
||||||||
| ~~-~~ | ~~-~~ - ~~-~~ |
~~-~~ | 74,654.97 | ||||||
| 3.94 | |||||||||
0.16 3.26 4.10 |
/0.20) /0.201 |
) | 10.84 | ||||||
| 3.94 | 0.16 3.26 4.10 |
10.84 | |||||||
Notes:
The above statement of unaudited standalone financial rt::sults ('the Statement') for the quarter and six months ended 30 September 2021, has been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 12 November 2021. The same along with the report of the Statum,y 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 recogmtion and measurement principles of the Indian Accounting 3ta.ndards ('Ind AS') prescribed under Section 133 of the Companies Act, 2013.
2 The figures of the previous year/periods have been regrmaped wherever necessary to comply with amendme■ts in Schedule III of the Companies Act, 2013.
-
3 The Company has incorporated wholly owned subsidia:ry with the name "Sandbar Engineering Private Limit1ed" on 14 October 2021.
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4 The Company is engaged in the business of m.aouf.Ktwing of automotive components. There is no sepa=ate rq,ortable business segment as per Ind AS 108 on Operating Segments.
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5 Management has been continuously evaluating the: pos iltlc effects that may result from the pandemic nlating to COVID-19 on the operational and financial results of the Company for the quarter and six months ended on 30 September 2021. The Company has considered and taken into account internal and external information in assessing the I"C: overability of financial and non financial assets. Given the uncertainties associated with naru.re, condition and duration of COVID-19, the impact assessment on the Company's financial information will be continuously m:ade and provided for as required.
6 The Board of Directors at its Meeting held on 21 May 2021, has recommend a final dividend @ 10% i.e. Rs. 1 per equity share, which has been approved by shareholders in Annual General Meering held on 23 September 2021. The same has been paid.
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For and on behaJf ofthe Board of Directors o
SandharTechnologies Limited
.-.,.,)T DAVAR
Co-Chairma���i Oinctor
..-,:�c.....::::::,...
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P�ce: Gurugram D�«d: 12 November 2021
Sandbar Technologies Limited
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CIN: L74999DL1987PLC029553
SA DHAR
Growth. Mouvauon &&ner LJ1e. 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
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UNAUDITED STANDALONE STATEMENT OF CASH FLOWS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021
| Sr No. A B C Partculars Cash fows from operating activities Proft befre tax Adjustments fr : Depreciation and aration expense (Profit) on sae of proprty, plant and equipment MTMgain on derivaive Provision fr doubtfl debts ad advaces Umealised foreigexchange (gain)/loss Interest expense Interest income on se.ty deposits measured at aotised cost Gain on investents ca ied at fir value through proft or loss Interest income Dividend income Operating proft befre woki•g capital changes Movements in working captal: (Increase) in tade reeivables Decrease/(lncrease) in iventories Decrease/(Increase) in curent fnancial assets, inducing assets held fr �e (Increase)/ Decreae in other curent assets Increase/(Decrease) in tade payables (Decrease) in current provisions Increase in otherfaialiabilities Increase/(Decrease) in other curent liabilities Total movement in working cpital: Cash generated fom operatioas Income tax paid (net of ref■l) Net cash (used in)/ generated fom operating activites (A) Cash fow fom investing actiities: Purchase of Proper, plant ad equipment, Capital work in progess, otr intagible assets and capital advances Proceeds fom sale of property, plant and equipment Purchae of non-curent investent in joint ventures Purchase of non-urnt investent in other corporates Redemption/(Incre-ase) of Bank deposits (having orig:nal maturit ofmorc tha 3 months) Dividend income Interest received Net cash used in investing acmities (B) Cash fow fom fnancing acfities: Repayment oflong-tem borrowings Proceeds fom short-te borowings (net) Payment oflease liabilities Dividend paid duri,g fae year (including dividend distibution tax) Interest paid Net cash generated fom/ (uMd in) fnancing activities ('C) Net increase/(decrease) in Cash and cash equivalents (A+B+C) Add: Cash ad cash equivalents as at the beginning of yea Cash and cash equivalents as at end of the year |
Standalone (f in laks, except per equit share data) Six months ended Six months ended 30 September 2021 30 September 2020 Un-audited Un-audited 3,301.71 3,570.62 (43.69) (0.09) - (19.45) 367.41 (18.70) (12.35) (86.79) (23.98) 7,034.69 (151.68) 3,299.35 (16.63) (8.43) 12.90 3.29 412.81 (10.14) (32.41) (65.46) (23.98) 3,419.62 (2,185.05) (10,560.15) (1,754.78) (191.82) (266.00) (1,738.71) (90.54) 76.87 (519.88) (6,669.91) 364.78 1,347.27 (982.49) (3,737.67) 178.01 (186.03) - 0.05 23.98 103.30 (3,618.36) (12.38) 6,010.09 (410.64) (601.91) (343.62) 4,641.54 40.69 87.35 128.04 227.97 169.12 102.81 9,442.93 (46.90) 388.13 653.80 377.71 3,797.33 745.60 3,051.73 (1,455.87) 26.11 (657.25) (300.82) (2.34) 23.98 72.19 (2,294.00) (17.40) 204.65 (370.53) (451.43) (397.78) (1,032.49) (274.76) 299.50 24.74 |
|---|---|
Note: The above statement of Cash Flows has been prepared under the 'Indirect Method' as set out in INDAS 7 'Statement of Cash Flows',
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SANDHAR Growlh Mol11t-l1IIOO Sellet' Lire
Sandbar Technologies Limited
CIN: L74999DL1987PLC029553
Regd. Office: B - 6[/] 20, LS.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 THE QUARTER AND SIX MONTHS ENDED 30 SEPTEMBER 2021
| Sr No. Partkulas l Revenue fm opratons 2 Other income 3 Total income (1+2) 4 Exenses (a) Cost of mterial conswned (b) Changes in inetores of fnished good ad work--progress (c) Employee benefts expense (d) Finance cts (e) Depeciaton an amortzaton expense (f) Other expenses Total expenses 5 Proft/ (Loss) fom operatons before exceptona item shce of (proft)/loss of joint ventures and ta (3-) 6 Exceptonal item 7 Share of (proft)/loss of joint ventures 8 Proft/ (Loss) from cpeatons afer exceptonal ite:n, shae of (roft)/loss of joint venture befre tax (56-7) 9 Ta expenses (a) Curnt ta (b) Deferred tax (credt)/charge Total tax expenses 10 Net proft/ (loss) afer rax (8-9) 11 Other comprehensive income a) Items that will not be reclassifed to te statement oi pot and loss i) Gain/ (Loss) on remeasurement of defned beneft cbligaton ii) Income tax relatng to te above b) Items that will be reclassifed to te statement of prft-d loss i) Excange diferncs in traslatng the fn l statements of freign operatons ii) Income ta relatng to the above Tota oter comprehensive income fr the period/ year (a+b) 12 Total comprehensive inome fr the period/ ye. (10�11) Proft attibutable to: - Owners of the Cmany - Non-contolling intrest Other comprehenive income attributable to: - Owners of the Cmpany - Non-contlling interest Tota compehensve income attrbutable to: - Owners of the Comay - Non-contrlling interest 13 Paid up equty share caita (Face vaue of Rs 10/-pr sr:1 14 Reserve excluding Revaluaton Reserves 15 Ea gs Per Shar (EPS) (ace value of Rs 10/- pr sha) (not annuaised fr quarter/ half year) (a) Basic (b) Dilutd |
30 September 2021 Un-audited |
Consolidated (t in lahs, except per equity share data) |
Consolidated (t in lahs, except per equity share data) |
Consolidated (t in lahs, except per equity share data) |
Consolidated (t in lahs, except per equity share data) |
Consolidated (t in lahs, except per equity share data) |
Consolidated (t in lahs, except per equity share data) |
Consolidated (t in lahs, except per equity share data) |
Consolidated (t in lahs, except per equity share data) |
Consolidated (t in lahs, except per equity share data) |
Consolidated (t in lahs, except per equity share data) |
Consolidated (t in lahs, except per equity share data) |
Consolidated (t in lahs, except per equity share data) |
Consolidated (t in lahs, except per equity share data) |
Consolidated (t in lahs, except per equity share data) |
Consolidated (t in lahs, except per equity share data) |
Consolidated (t in lahs, except per equity share data) |
Consolidated (t in lahs, except per equity share data) |
Consolidated (t in lahs, except per equity share data) |
Consolidated (t in lahs, except per equity share data) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Qunncr ended 30 June 2021 30 September 2020 |
3 | Six months ended Year ended 0 September 2021 30 September 2020 31 March 2021 |
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| U | n-audited Un-aud |
ited | Un-audited Un-a |
ud | ited Audited |
|||||||||||||||
| 61,833.86 202 26 62,036.12 38,831 51 (1,565.01) 8,318.39 359.60 2,469.36 10,248 72 58,662.57 |
41,007 32 160.11 |
49,923.40 300.58 |
1,02,841 18 362 37 |
62,849 35 1,86,356 51 373 77 1,077 63 |
||||||||||||||||
| 41,167.43 | 50,223.98 | 1,03,203.55 | 63,223.12 1,87,43.14 |
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| 23,869 73 (819.03) 6,952.08 386.52 2,385.73 7,896.97 |
29,196.28 32.83 7,241.17 446.62 2,392,55 7,963.0 |
62,701.24 (2,384 04) 15,270 47 746.12 4,855 09 18,145.69 |
35,942 22 1,09,150 09 171 68 61 86 11,386 76 27,774 19 752 69 1,602 06 4,546 94 9,394 78 11,136 49 30,529 70 |
|||||||||||||||||
| 40,672.00 | 47,272.65 | 99,33.57 | 63,936.78 478,512.68 |
|||||||||||||||||
| 3,373.55 | 495.4 - **318.6 ** |
3 | 2,951.33 | 3,868.98 | (713.66) 8,921.46 |
|||||||||||||||
| ~~-~~ 409.90 2,963.65 |
0 | 3 | 238.5 | 9 | ~~-~~ **728.53 ** |
58 | - ~~-~~ 4.78 **1.119.93 ** |
|||||||||||||
| 176.8 | ||||||||||||||||||||
| 0 | 2,712.74 | 3,140.45 | (1,298.44) 7,801.53 |
|||||||||||||||||
| 991.74 | (26,80) | 906.61 | 964,94 | (39.38) 2,038 25 |
||||||||||||||||
| (149.5) | (7a61) |
(148.()2) | (157.06) | (99.74) |
(20.08) |
|||||||||||||||
| 842.29 | (34.41) | **758.59 ** | 807. | 88 | (139.12) | 2.018.17 | ||||||||||||||
| 2,121.36 | 211.21 | 1,954.15 (225.12) |
2,332. | 57 | (1,159.32) | 5 783.36 |
||||||||||||||
| !14 61 | 135.001 | (156 94 | ||||||||||||||||||
| ) | / | !149. | 61) | ) | **/544.67\ ** |
|||||||||||||||
| 3.68 (19.30 |
) |
33.98 68.48 |
56 6 | 6 | 37. | 66 | 39 so | **137.08 ** | ||||||||||||
| (1033) |
(10. | 47 51 | 44.08 | |||||||||||||||||
| 19.83 | (17.12) | 258 | /11 88 | ) | (11*02* |
|||||||||||||||
| **/0.40) ** | (49.66) | (176.21) | (81.81 | ) | (374.53) | |||||||||||||||
| 2,212.51 2,339.58 |
||||||||||||||||||||
| 2.050.96 | 161.55 | 1,777.94 1,939.70 |
/1,241.U) (1,161.90) |
5.408.83 | ||||||||||||||||
| 2,117.23 | 222.35 | 5,775.37 |
||||||||||||||||||
| 4.13 2,121.36 |
(11.14) 211.21 |
14.45 | (7.01) 2. 2.57 |
2.58 (1.159.32 |
7.99 ) 5,783.36 |
|||||||||||||||
| 1.954.15 | ||||||||||||||||||||
| (70.40) - |
(49.66) - (49.66) |
(176.21) - |
(120.06) - |
(81.81) (373.04) - **(1.49) ** |
||||||||||||||||
| (70.40 |
) | (176.21) | (120.06) |
(81.81) (374.53) |
||||||||||||||||
| 2,046.83 4.13 |
172.69 (11.14) |
1,763.49 14.45 1,777.94 **6,019.07 ** |
2,219.52 (7.01) 2,212.51 6,019.07 |
(1,243.71) 5,402.33 2.58 6.50 (1,241.13) 5,408.83 6,019.07 6,019.07 |
||||||||||||||||
| 2,050.96 | 1 | 61.55 | ||||||||||||||||||
| 6.019.07 | **6, ** | 019.07 | ||||||||||||||||||
| ~~-~~ | ||||||||||||||||||||
| ~~-~~ | ~~-~~ | - | 74,418.43 | |||||||||||||||||
| (1.93) | ||||||||||||||||||||
| 3.53 3.53 |
3.24 | |||||||||||||||||||
| 0.35 | 3.88 3.88 |
**9.61 ** | ||||||||||||||||||
| 0.35 | 3.24 | (1.93) | 9.61 | |||||||||||||||||
The above sratement of unaudited consolidated financial results ('the Statement') for the quarter and six months ended 30 September 2021, have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 12 November 2021. The same along with the report of the Statutory andiror has been filed with the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) and is also available on the Company's website at www.sandbargroup.com.
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Notes :
1
Notes : Continued
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2 Pnnicwors or 5UDSidnu:,cs, step-down subsidiaries and joint ventures (including Subsidiary of a joint venture companyj as on 30 September 2021:
a) Subsidiaries and step-down subsidiaries - (:) Sandhar Technologies Barcelona S.L. - subsidiary
(ii") Sandbar Strategic Systems Private Limited- subsidiary
(ili) Sandbar Tooling Private Limited- subsidiary
(iv) S:mdbar Technologies Poland sp. Zoo - step-down subsidiary
(v) Sandhar Technologies de Mexico S de RL de CV - step-down subsidiary
(n) San:fuar Technologies Ro SRL - sllep-down subsidiary (w.e.f. 4 March 2021)
(,-ii) Breniar Project S.L. - step-down subsidiary (Liquidate:! on 23 April 2021)
b)Joint Ventures - (ii Ssnchar Daewha Automotive Systems Private Limited
(it") Sandbar Han Sung Technologies Private Limilled
(ili) Sandbar Ecco Green Energy Private Limited
(iv) Jin}'Ow,g Sandbar Mechatronics Private Limited
(,-) Sandbar Amkin Industries Private Limited
(.-i) Sondbar Dashin Auto Systems Pri..-ate Limited
(<ii) Sandbar Whetron Electronics Private Limited
(,-iii) Kwmsung Sandhar Technologiee Private Limited
(ix) Sandha,- Han Shin Auto Technologies Private Limited
(x) Winnercom Sandbar Technologies Private Limited
(X1) Sandbar Han Shin Automotive Printe Limited (under •trike off)
(xii) Sandbar Daeshin Technologies Private Limited
c) Subsidiary of a joint venture company: (i) K .. -.ogsung Sandbar Automotive Systems Private Lina ted
(it") Daewha India Private Lim ted
(ili) Sandbar Autotech Private Limited
3 The Company has incorporated wholly owned subsidiary with the name "Sandbar Engineering Private Limited" on 14 October 2021.
4 The figwes of the previous year/ periods have be n regrouped .,.-t,erever necessary to comply with amendm;,nts in Schedule III of the Companies Act, 2013.
5 Refer An �e 1 to chc Statement for disclosure with respect to segment revenue, segment results and segment as ets and liabilities for the quarter and six months ended 30 September 2021.
6 ManagemCJlt has be n continuously eval=ting the pos il,le effects that may result from the pandemic relating to COVID-19 on the operational and financial results of the Group for the quarter and six months ended on 30 September 2021. The Group has considered
and taken into accounc internal and external informati<Bl in assessing the recoverab� of financial and l!.0n financial as ets. Given the uncertainties as ociated with nature, condition and duration of COVID-19, the impact assessment on the Group's financial
information will be continuously made and provided. fur as required.
7 The Board of Directors at its Meeting held on 21 � 2021, llas recommend a final dividend @ 10% i.e. Rs. l per equity share, which has been approved by shareholders in Annual General Meeting held on 23 September 2021. The same has been paid.
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- 8 The Standalone results of the Company are available on the Company's website www .sandhargroup.com. The key standalone financial information of the Company is given be]ow:
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Q=cnded Six months ended Year ended
Partiwlar 30 September 2021 30Juoe 2021 30 September 2020 30 September 2021 30 September 2020 31 March 2021
Un-audited Un-audited Un-audited Un-audited Un-audited Audited
Revenue from opeoti.ons 53,636.15 31,767.40 42,648.76 85,403.55 52.584.52 1,58,530.80
Profit before tax 3,166.98 2,633.21 3,301.71 (151.68) 8,547.72
Tax expense 797.63 35.80 674.40 833.43 (28.76) 2,024.52
Profit for the period 2,369.35 98.93 1,958.81 2,468.28 (122.92) 6,523.20
Other como:rehensi-.re i:nco� net of income tax (10.93) (101.02) (168.46) (111.95) (117.44) (400.20)
Total comprehensive income for the period 2,358.42 (2.09) 1,790.35 2.356.33 (240.36) 6,123.00
For and on behalf of the Board of Directors a
Sandbar Technologies Uonled
134.73
----- End of picture text -----
Pinet : Gurugram D�ted : 12 November 2021
Growth Mot,vaUon Bene, Lile SANDHAR
Sandhar Technologies Limited CIN: L74999DL1987PLC029553
Regd. Office: B - 6[/] 20, L.S.C. Safdarjung Enclave, New Delhi 110029
Tel : 0124 - 4518900, E-mail : investors[@] sandhar.in, Website : ww .sandhargroup.com
UNAUDITED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021
| SrNo. A B C Note: Partculars Cash fow fom operating activities Proft befre tax Adjustents fr : Depreciation ad aortization expense Shae in loss of joint ventures accounted for using equity mehod Proft on sale of propert, plant ad equipment Provision fr doubt debts ad advaces Unrealised freig exchage loss Interest expene MTM gain ondvave Interest income o seurity deposits meaured at aortised cost Gain on investents ca ied at fair value through profit or loss Interest income Operating proft befr working capital changes Movement in working capital: (Increase) in tade recivables (Increase)/ Der in inventories (Increae) in non curent fnacial assets Decrease in curet finacial assets, including aets held fr sale (Increase)/ Der in other curent assets Increase/ (Decrea) in tade payables (Decrease) in curent provisions Increae in other fnancial liabilities Increase/(Decrease) in other curent liabilities Total movement in work■g capital: Cash generated fom operations Income ta paid (net ofrends) Net cash generated fom operating activities (A) Cash fow fom investing activities: Purchase of Proper, plat ad equipment, Capital work in irogess, other intangible assets ad capital advacs Proceeds fom sale of propert, plat ad equipment Purchae of non-currt investent in joint ventures Purchae of non-curret investent in other coqorates Proceeds/ (Purchase) fm/ of investments (Increase) / Redemption of Bank deposits (having original mturit of more tha 3 months) Interest received Ne cash used in investing acvities (B) Cah fow fom fnancing activities: Repayment oflon-term borrowings Proceeds fom long-ter borowings (Repayment)/ pro ds fom short-ter borowings (net) Payment of leae liabilities Dividend paid durng the period/ yea (including dividend distibution ta) Interest paid Net cash generated from fnancing activities (C) Net increase/(decrease) in Cash and cash equivalents (A+B+C) Impact on cash flow on acco of freig currency taslation Add: Cash ad cash equivaJents a at the beginning of yea Cash and cash equivalents as At end of the year Consoldated (f in lahs, except per equit share data) Six months ended Six months ended 30 September 2021 30 September 2020 Un-audited Un-audited 3,140.45 (1,298.43) 4,855.09 4,546.94 728.53 584.78 (46.09) (20.08) - 12.90 (19.47) 3.29 746.12 752.69 (0.09) (8.43) (19.06) (10.47) (57.96) (56.47) (86.71' (68.44) 9,240.81 4,438.28 (1,662.99) (10,605.18) (3,954.70) 342.94 (238.76) (22.23) 61.09 49.92 (580.05) 227.19 (754.03) 8,381.43 (140.91) (72.76) 55.52 219.37 (552.61) 739.97 (7,767.41 (739.35) 1,473.37 3,698.93 1,368.78 745.80 104.59 2,953.13 (6,64.67) (2,125.16) 180.41 29.51 (186.03) (709.78) - (300.82) (387.53) 15.51 433.33 (2.34) 103.47 75.00 (6,501.02) (3,018.08) (12.38) (558.00) 329.00 8,106.12 8,056.28 (5,412.14) (748.49) (714.61) (607.93) (457.46) (722.33) (737.67) 6,294.15 226.24 (102.28) 161.29 (77.59) (269.84) 596.90 670.37 417.03 561.82 - �"�o:� The above statement of Cash Fows has been prepar =d the 'Ind ect Method' a, �t out I IAS 7 'Statement of Cash Fows'.__-1911 � " s *(- |
Consoldated (f in lahs, except per equit share data) Six months ended Six months ended 30 September 2021 30 September 2020 Un-audited Un-audited 3,140.45 (1,298.43) 4,855.09 4,546.94 728.53 584.78 (46.09) (20.08) - 12.90 (19.47) 3.29 746.12 752.69 (0.09) (8.43) (19.06) (10.47) (57.96) (56.47) (86.71' (68.44) 9,240.81 4,438.28 (1,662.99) (10,605.18) (3,954.70) 342.94 (238.76) (22.23) 61.09 49.92 (580.05) 227.19 (754.03) 8,381.43 (140.91) (72.76) 55.52 219.37 (552.61) 739.97 (7,767.41 (739.35) |
Consoldated (f in lahs, except per equit share data) Six months ended Six months ended 30 September 2021 30 September 2020 Un-audited Un-audited 3,140.45 (1,298.43) 4,855.09 4,546.94 728.53 584.78 (46.09) (20.08) - 12.90 (19.47) 3.29 746.12 752.69 (0.09) (8.43) (19.06) (10.47) (57.96) (56.47) (86.71' (68.44) 9,240.81 4,438.28 (1,662.99) (10,605.18) (3,954.70) 342.94 (238.76) (22.23) 61.09 49.92 (580.05) 227.19 (754.03) 8,381.43 (140.91) (72.76) 55.52 219.37 (552.61) 739.97 (7,767.41 (739.35) |
|---|---|---|
| (739.35) | ||
1,473.37 1,368.78 |
s DHA Growth. MollvaUon. Beller Life
Sandhar Technologies Limited
STATEMENT OF ASSETS & LIABILITIES
| ASSETS Non-cent assets Proper, plat ad equpment Capitru.work-:-progre. �oht-of-useasset Goodwi OtherIlcasset Equity accounted invest s Fiancial assets () Investents (ii)Othr fancialassets Income-taxasset Other non-cuent assets Total non-curentassts Cuuent assets lovrrores Financial assets (i)lnve.� (ii) Loans (iii)Traderecei�bles Partculars (v) Cash and cashequvents (v) Other Ban oalmces (v)Other fnancal assets Othercrent asset Total cuuent assets Totalassets EQUTTY A LIILITIES Equity Equrshare capit Other equic Total equity attibutable to equty sharholder Non-contolling iterests Total equity Liabilites Non-current liabilites Finacial liabites (i) Borrows (ii) Lease Liabilites (iii) Oter fnancial liabilites Provisions Defered tax liabiltes (net) Total non-curret liabilites Current liabilites Financial liabilites (i) Borrowngs (ii) Trad payables • tota outstacng dues of mico enterrises ad smaenterrises • total outstading dues of credto oter tha micro enterrises ad small enterrses (iii) Lease Labiites (iv) Oter fnancial liabilites Oter current liabilites Income-tax Liabilites Provsions Total current liabilites Total liabilites Total equity and liabilites |
Standalone (fin lakhs, except per equity share data) As at As at 30 September 2021 31 March 2021 Un-Audited Audited 54,230.05 55,180.88 2,344.30 736.42 4,073.32 3,916.70 552.35 552.35 421.52 533.15 - - 11,637.15 11,438.77 1,187.24 986.27 812.75 502.34 608.71 176.04 75,867.39 74,022.92 15,151.89 13,397.11 - - 663.29 783.31 33,471.26 31,286.21 128.04 87.35 81.29 81.34 3,675.73 3,562.57 1,704.72 1,438.72 54,876.22 50,636.61 1,30,743.61 1,24,659.53 6,019.07 6,019.07 76,409.42 74,654.97 |
Standalone (fin lakhs, except per equity share data) As at As at 30 September 2021 31 March 2021 Un-Audited Audited 54,230.05 55,180.88 2,344.30 736.42 4,073.32 3,916.70 552.35 552.35 421.52 533.15 - - 11,637.15 11,438.77 1,187.24 986.27 812.75 502.34 608.71 176.04 75,867.39 74,022.92 15,151.89 13,397.11 - - 663.29 783.31 33,471.26 31,286.21 128.04 87.35 81.29 81.34 3,675.73 3,562.57 1,704.72 1,438.72 54,876.22 50,636.61 1,30,743.61 1,24,659.53 6,019.07 6,019.07 76,409.42 74,654.97 |
Standalone (fin lakhs, except per equity share data) As at As at 30 September 2021 31 March 2021 Un-Audited Audited 54,230.05 55,180.88 2,344.30 736.42 4,073.32 3,916.70 552.35 552.35 421.52 533.15 - - 11,637.15 11,438.77 1,187.24 986.27 812.75 502.34 608.71 176.04 75,867.39 74,022.92 15,151.89 13,397.11 - - 663.29 783.31 33,471.26 31,286.21 128.04 87.35 81.29 81.34 3,675.73 3,562.57 1,704.72 1,438.72 54,876.22 50,636.61 1,30,743.61 1,24,659.53 6,019.07 6,019.07 76,409.42 74,654.97 |
Standalone (fin lakhs, except per equity share data) As at As at 30 September 2021 31 March 2021 Un-Audited Audited 54,230.05 55,180.88 2,344.30 736.42 4,073.32 3,916.70 552.35 552.35 421.52 533.15 - - 11,637.15 11,438.77 1,187.24 986.27 812.75 502.34 608.71 176.04 75,867.39 74,022.92 15,151.89 13,397.11 - - 663.29 783.31 33,471.26 31,286.21 128.04 87.35 81.29 81.34 3,675.73 3,562.57 1,704.72 1,438.72 54,876.22 50,636.61 1,30,743.61 1,24,659.53 6,019.07 6,019.07 76,409.42 74,654.97 |
Standalone (fin lakhs, except per equity share data) As at As at 30 September 2021 31 March 2021 Un-Audited Audited 54,230.05 55,180.88 2,344.30 736.42 4,073.32 3,916.70 552.35 552.35 421.52 533.15 - - 11,637.15 11,438.77 1,187.24 986.27 812.75 502.34 608.71 176.04 75,867.39 74,022.92 15,151.89 13,397.11 - - 663.29 783.31 33,471.26 31,286.21 128.04 87.35 81.29 81.34 3,675.73 3,562.57 1,704.72 1,438.72 54,876.22 50,636.61 1,30,743.61 1,24,659.53 6,019.07 6,019.07 76,409.42 74,654.97 |
Consolidated (fin lakhs, except per equity share data) As at As at 30 September 2021 31 March 2021 Un-Audited Audited 71,915.15 72,093.34 4,197.02 1,454.81 10,488.14 10,579.59 553.30 553.30 793.92 952.67 4,667.97 5,166.37 488.99 520.74 1,449.39 1,210.63 916.74 505.84 608.71 176.04 96,079.33 93,213.33 |
Consolidated (fin lakhs, except per equity share data) As at As at 30 September 2021 31 March 2021 Un-Audited Audited 71,915.15 72,093.34 4,197.02 1,454.81 10,488.14 10,579.59 553.30 553.30 793.92 952.67 4,667.97 5,166.37 488.99 520.74 1,449.39 1,210.63 916.74 505.84 608.71 176.04 96,079.33 93,213.33 |
Consolidated (fin lakhs, except per equity share data) As at As at 30 September 2021 31 March 2021 Un-Audited Audited 71,915.15 72,093.34 4,197.02 1,454.81 10,488.14 10,579.59 553.30 553.30 793.92 952.67 4,667.97 5,166.37 488.99 520.74 1,449.39 1,210.63 916.74 505.84 608.71 176.04 96,079.33 93,213.33 |
|---|---|---|---|---|---|---|---|---|
| 75,867.39 | 74,022.92 | |||||||
| 15,151.89 - 663.29 33,471.26 128.04 81.29 3,675.73 1,704.72 54,876.22 |
13,397.11 - 783.31 31,286.21 87.35 81.34 3,562.57 1,438.72 |
25,091.60 586.97 1,985.80 37,408.82 417.03 81.29 3,675.87 3,092.55 |
21,136.90 153.82 2,157.77 35,745.84 596.90 514.62 3,562.61 2,512.51 66,380.97 1,59,594.30 6,019.07 74,418.43 80,437.50 369.06 80,806.56 9,928.40 7,841.39 195.96 102.01 1,596.35 19,664.11 12,128.00 3,832.45 35,710.08 1,136.49 2,873.21 2,347.15 400.36 695.89 59,123.63 78,787.74 1,59,594.30 |
|||||
| 50,636.61 | 72,339.93 | |||||||
| 1,30,743.61 6,019.07 76,409.42 |
1,24,659.53 6,019.07 74,654.97 |
1,68,419.26 6,019.07 76,030.02 82,049.09 362.05 82,411.14 9,507.69 7,789.96 99.88 108.15 1,431.69 18,937.37 20,923.06 3,431.11 35,337.92 1,122.81 3,385.50 1,794.54 318.57 757.24 67,070.75 |
||||||
| 82,428.49 - |
80,674.04 - |
|||||||
| 80,674.04 5.31 1,217.02 - - 995.00 2,217.33 4,324.32 3,832.45 29,689.07 613.86 826.92 1,407.82 380.95 692.77 41,768.16 43,985.49 1,24,659.53 |
||||||||
| 82,428.49 - 1,406.73 - - 814.00 2,220.73 10,327.34 3,431.11 28,332.22 590.24 1,452.84 887.94 318.57 754.13 |
||||||||
| 46,094.39 | ||||||||
| 48,315.12 | 86,008.12 | |||||||
| 1,30,743.61 | 1,68,419.26 |
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Growth Motov11tlon. Beller lite NDHAR
Sandbar Technologies Limited CIN: L74999DL1987PLC029553
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
Annexure 1 - Segment revenue and Segment results For the quarter and six months ending 30 September 2021
| SrNo. Partculars 1 Segment revenue a) Inda b) Europe Income fom operatons (net) 2Segent results (profit(+), loss(-) befre tax, exceptional items and interest fom each segent) a) India b) Europe Total Lss: a) Interest (fnance costs) b) Exceptional items Total Profit befre tax 3Segment assets a) India b) Europe Total assets 4 Segment liabilities a) India b) Europe Total liabilities 5Capital employed (Segment assets less Segent liabilities) a) India b) Europe Total capital employed |
Quarter ended Six months ended Year ended (finlacs) (fin lacs) (finlacs) 30September2021 30Juue 2021 30 September 2020 30 September 2021 30 September 2020 31 March 2021 Un-audited Un-m1dited Un-audited Un-audittd 11 n-amtitrr Audited 53,892.79 31,866.47 43,012.99 85,759.26 53,063.73 1,59,651.65 7,941.07 9,140.85 6,910.41 17,081.92 9.785.62 26,704.86 |
|---|---|
| 61,833.86 41,007.32 49,923.40 1,02,841.18 62,849.35 1,86,356.51 |
|
| 2,931.07 (34.83) 2,718.76 2,896.24 (306.03) 8,393.00 392.18 598.16 440.59 990.33 (239.72) 1,010.59 3,323.25 563.33 3,159.35 3,886.57 (545.75) 9,403.59 359.60 386.52 446.62 7�6.12 752.69 1,602.06 - - - - - 2,963.65 176.81 2,71.73 3,140.45 (1,298.44' 7,801.53 1,26,214.40 1,11,542.61 1,11,574.46 1,26,214.40 1,11,574.46 1,20,989.81 42,204.86 41,988.04 35,071.22 42,204.86 35,071.22 38,604.49 |
|
| 1,68,419.26 1,53,530.65 1,46,645.68 1,68,419.26 1,46,645.68 1,59,594.30 |
|
| 48,954.25 35,623.64 40,374.89 48,954.25 40,374.89 44,697.83' 37,053.87 36,938.90 31,361.79 37,053.87 31.361.79 34,089.91 |
|
| 86,008.1 72,562.54 71,736.68 86,008.12 71,736.68 78,787.74 |
|
77,260.15 75,918.97 71,199.57 77,260.15 71,199.57 76,291.98 5.150.99 5,049.14 3.709.43 5,150.99 3,709.43 4,514.58 |
|
| 82,411.14 80,968.11 74,909.00 82,411.14 74,909.00 80,806.56 |
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==> picture [65 x 65] intentionally omitted <==
BSR& Co. LLP Chartered Accountants
Building No. 10, 12th Floor, Tower-C DLF Cyber City, Phne • II · Gurugrarn • 122 002, India
Telephone: +91124 7191000 Fax: +91 124 235 8613
To Board of Directors of Sandbar Technologies Lim ted
- I. We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of Sandhar Technologies Limited ("the Company") for the quarte ended 30 September 2021 and year to date results for the period from I April 2021 to 30 September 2021 ("the Statement").
2. This Statement, which is the responsibility of the Company's management and approved by the Board of Directors, has been prepared in ac ordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reportinlt' ("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 SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.,as amended ('Listing Regulations'). Our responsibility is to issue a report on the Statement based on our review.
3. We conducted our review of the Statement iti accordance with the Standard on Review Engagements (SRE) 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity' issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate as urance 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 ac ordingly, we do not eiq,res an audit opinion.
4. Based on our review conducted as above, nothing has come to our at ention that causes us to believe that the accompanying Statement, prepared in accordance with ap licable ac ounting standards and other recognised accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations., 2015, including the ma er in which it is to be disc� or that it contains any material misstatement.
Place: Gurugram Date: 12 November 2021
For BS R & Co. LLP Chartered Accountants Shashaak arwal Partner Membership No. 095109 !CAI UDIN: 21095109AAAAFG3922 �r;:rl"8WPN-1=2
ReQISIOted : 141hFloor,C&nlr.11BtA'inQandNortt>C�Ne9corrPtr1o:4,Nesco Cenlef. �tom &pess�. Gora,gaon l&s1 , t.unbli • 400063
8 S R&.Co.(e�lhmwithReg,isll'&11ooNO.BA61223)COffl'llll11eclintoB SR&Co. lLP Iii LmtedLiilbi�ty PaJt,-!ll'l withLLPAltgistnlion«o. AA8�1811�effect ffomOcttiber 14, 2013
BSR& Co. LLP
Chartered Accountants
Building No. 10, 12th Floor, Tower-C DLF Cyber City, Phase· II Gurugram - 122 002, India
Telephone: +91124 719100 Fax: +91 124 235 8613
To Board of Directors of Sandbar Technologies Limited
- l. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Sandbar 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 September 2021 and year to date results for the period from 1 April 2021 to 30 September 2021 ("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').
2. 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.
3. 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 Enti ', 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 substan ial y les in scope than an audit conducted in ac ordance with Standards on Auditing and consequently does not enable us to oblain as urance that we would become aware of all significant matters that might be identified ·man 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.
4. The Statement includes the results of the following entities:
Parent Company: Sandbar Technologies Limited
Subsidiaries: Sandbar Tooling Private Limited Sandbar Strategic Systems Private Limited Sandbar Technologies Barcelona S.L. Sandbar Technologies Poland sp. Zoo
==> picture [56 x 28] intentionally omitted <==
14!hFloor.Cer,tralBWlf'lQandNorthCWino,NMc:olTPaft4,Ne900 centef,Westemfxpfes:s�.Goteoaon Er.lU,Mtmbei·-400063
e SR & C.o. {a partnOl'$hip firm With Roglstrollion No. SM\223) eonveft inco 8 S fl & CQ. UP (a lknitvdu.bifity PtnrMlfS11Jwilh lPAec;s:rationNo.AA8.at8'1l YllicheffOCI from October 14, 2013
BS R&Co. LLP
Sandhar Technologies Ro SRL Sandbar Technologies de Mexico S de RL de CV Breniar Project, S.L.
Joint ventures:
Sandhar Daewha Automotive Systems Private Limited Sandbar Han Sung Technologies Private Limited Sandhar Ecco Green Energy Private Limited Jinyoung Sandhar Mechalronics Private Limited Kwangsung Sandhar Technologies Private Limited Sandhar 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 Sandbar Han Smn Auto Technologies Private Limited Sandbar Daeshin Technologies Private Limited
Subsidiary of a Joint venture:
Kwangsung Sandhar Automotive Systems Private Limited Daewha India Private Limited Sandbar Autotech Private Limited
5. 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 6 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 be disclosed, or that it contains any material misstatement.
6. We did not review the interim financial information of five subsidiaries included in the Statement, whose interim financial information reflect total assets (before consolidation adjustments) of Rs. 42,204.87 Lakhs as at 30 September 2021, total rev nues (before consolidation adjustments) of Rs. 7,969.24 lakhs and Rs 17,110.40 Lakhs, total net profit /(loss) after tax (before consolidation adjustments) of Rs. 161.33 lakhs and Rs. 644.53 lakhs and other comprehensive loss (before consolidation adjustments) of Rs. 59.47 lakhs and Rs. 8.11 lakhs, for the quarter ended 30 September ·
2021 and for the period from I April 2021 to 30 September 2021, respectively, and cash flows (net) (before adjustments) of Rs. (151.41) Lakhs for the period from I April 2021 to 30 September 2021, as considered in the Consolidated Unaudited Financial Results, which has been reviewed by their auditors in their respective countries. 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. 225.27 lakhs and Rs. 480.46 lakhs, for
==> picture [34 x 30] intentionally omitted <==
BS R&Co. LLP
the quarter ended 30 September 2021 and for the period from 1 April 2021 to 30 September 202 I, respectively, as considered in the Statement, in respect of thre joint ventures, 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 ventures, 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 respectofthe above matter.
7. The Statement includes the interim financial information of two subsidiaries which have not been reviewed, whose interim financial infonnation reflect total as ets (before consolidation adjustments) of Rs. 2147.40 Lakhs as at 30 September 2021, total.revenue (before consolidation adjustments) of Rs. 286.53 lakhs and Rs. 418.93 lakhs, total net profit/(loss) after tax (and other comprehensive income) (before consolidation adjustments) of Rs. 20.50 lakhs and Rs. (34.94) lakhs, for the quarter ended 30 September 2021 and for the period from I April 2021 to 30 September 2021 respectively, and cash flows(net)(beforeadjustments)ofRs. (69.16)Lakhs for the period from I April 2021 to 30 September 2021 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. 10.09 lakhs and Rs. 27. I 2 lakhs, for the quarter ended 30 September 2021 and for the period from 1 April 2021 to 30 September 2021, respectively, as considered in the Consolidated Unaudited Financial Results, in respect of six joint ventures, based on their interim financial infonnation which have not been reviewed. According to the information and explanations given to us by the management, these interim financial information is not material to the Group.
Our conclusion on the Statement is not modified in respect of the above matter.
ForBSR&Co. LLP Chartered Accountants !CAI Finn Registration No.: 101248W/W-100 22 �h---f
Place: Gurugram Date: 12 November 2021
Sbashank Agarwal Partner Membership No.: 095109 !CAI UDIN: 21095109AAAAFH9271