Sangam (India) Ltd — Interim / Quarterly Report 2022

Jul 21, 2021

SAN~AM (INDIA) LIMITED

CIN : L 17118 RJ 1984 PLC 003173 Regd. Office: P.B. No. 90, ATUN, Chittorgarh Road Bhilwara - 311001, Rajasthan, INDIA. Phone: + 91~1482-245400-06, Fax': + 91-1482-245450 Website: www.sanqamqroup.corn, E-mail: secretarial@sangamgroup.com

Ref: SIL/SEC/2021-221 Date: 21.07.2021

The Manager	The Manager
Departmentof CorporateServices	Departmentof CorporateServices
The National Stock Exchange of India Ltd.	Bombay Stock Exchange Ltd.
Exchange Plaza, 5th Floor,	Phiroze JeejeebhoyTowers
c/i,Plot No.GBlock,	25th Floor, Dalal Street,
Bandra Kurla Complex, Bandra (E),	MUMBAI.:400 001
Mumbai 400 051
Scrin Code: 5251	Scrin Code: 514234

Dear SirIMadam,

• Ref.:. Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• Sub.: Outcome of the Meeting of Board of Directorsheld on 21st July, 2021 and Unaudited Financial Results for the Quarter ended 30th June, 2021

Pursuant to the Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors at their meeting held today i.e. 21st July, 2021; have inter-alia, approved the following:

• 1. The Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter ended- 30th June, 2021. A Copy of Unaudited Financial Results along with Limited Review Report is enclosed herewith.
• 1. The Board of Directors has approved the proposed expansion program for installation of 32832 spindles for manufacture of cotton yarn at Spinning Unit-Il, Village Sareri Bhilwara (Raj.], The Total cost of the project will ,be Rs.. 137.25 Crore which proposed to be funded partly by Term Loans ofRs. 102 Crore and balance by internal accrua1s.
• 3-. The meeting commenced at 11:30 A.M. and concluded at 5: \5 P.M.This is for your information and record.

INDEPENDENT AUDITOR'S LIMITED REVIEW REPORT ON THE REVIEW OF INTERIM STANDALONE FINANCIAL RESULTS

TO THE BOARD OF DIRECTORS OF SANGAM (INDIA) LIMITED

• 1. We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of SANGAM (INDIA) LIMITED C'the Company'') for the quarter ended June 30, 2021 ("the Statement',) attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("the Regulations''), as amended, read with SEBI Circular No. OR/CFD/FAC/62/2016 dated 5th July, 2016 (''the Circular''). Attention is drawn to the fact that the figures for the quarter ended March 31, 2021 as reported in this Statement are the balancing figures between audited figures in respect of full previous financial year and the published year to date figures up to the end of third quarter of the previous financial year. The figures up to the end of third quarter of the previous financial year had only been reviewed and not subject to audit.
• 1. The preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting (lnd AS 34) prescribed under Section 133 of the CompaniesAct, 2013 read with Rule 3 of Companies (Indian Accounting Standards) Rules, 2015 and the Circular, which is the responsibility of the Company's management and approved by the Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review.
• 1. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
• 1. Basedon our review conducted as stated above 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 applicable Indian Accounting Standards (Ind AS) specified under section 133 of the Companies Act, 2013 read with relevant rules issued there under and other recognised accounting practices and principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and DisclosureRequirements) Regulations, 2015, as amended, read with SEBI Circular No. CIR/CFD/FAC/62/2016dated 5thJuly, 2016, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For Rajendra II Co. Chartered Accountants Firm Registration No 108355W

K. K. Desai O.P.Dad -- Partner Membership 1\10.100805 LlDIN : 2110080SAAAAFF7127 Place:Mumbai Date: 21st July, 2021

For O.P. Dad II Co. Chartered Accountants Firm Registration No 002330C

Partner Membership No.035373 LlDIN: 2.10.35"3'7.3 ~~FH\cP'~ 1-6

		LIMITED
	Regd.Off. : Atun, Chlttorgam Road, Bhilwara-311001	(RaJ.), Phone: 01482-245400,		Fax: 01482-245450
	CIN: Ll7118Rj1984PLC003173,Web: www.sangamgroup.com.	Email: secretarial@sangamgroup.com
	UNAUDITEDSTANDALONEFINANCIALRESULTSFORTHE QUARTERENDEDON 30th JUNE, 2021
	•
	a. Revenue from Operations
	b. Other income'
	Total Income
II	Expensesa. Cost of materials consumed	24107
	b. Purchases of stock in trade	1054		6S4878
	. Change in inventories of finished goods, work-in-progress and stock-in
	e	(4676)		(1329)
	d. Employees benefits expense43432388Finance costs1154
	1385. Depreciation and amortisation expense1929
	g. Power & Fuel
	h. other Expenses
	Total Expenses
III	Profit/U oss) before Exceptional Items & Tax (I-II)
IV	Exceptional Items

V Profit/(Loss) before Tax Oil-IV) VI Tax expense: 2035 (4917)

Deferred tax Earlier Years VII Profit/Closs) after tax (v-Vil 989 (276) (1700) 1322 (3217)

• INDEPENDENT AUDITOR'S LIMITED REVIEW REPORT ON THE REVIEW OF INTERIM CONSOLIDATED FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF SANGAM (INDIA) LIMITED

1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of SANGAM (INDIA) LIMITED ("the Company'') and its Subsidiary (together referred to as "the

• Group") for the quarter ended June 30, 2021 C'the Statement'') attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 C'the Regulations''), as amended,
• read with SEBI Circular No. CIR/CFD/FAC/62/2016dated 5th July, 2016 C'the Circular"). 2. Attention is drawn to the fact that the figures for the quarter ended March 31, 2021 as reported in this Statement are the balancing figures between audited figures in respect of full previous financial year and figures up to the end of third quarter of the previous financial year prepared by the management. The figures up to the end of third quarter of the previous financial year had only been reviewed and not subject to audit.

1. Based on our review conducted as stated above and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles aid down in the applicable Indian Accounting Standards (IND AS) specified under section 133 of the Companies Act, 2013 read with relevant rules issued there under and other recognised accounting practices and principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Requlation 33 of the SEBI (Listing Obligations Disclosure Requirements) Regulations, 2015, read with SEBI Circular and No. CIR/CFD/FAC/62/2016 dated 5th July, 2016, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For Rajendra & Co. Chartered Accountants Firm Registration No 108355W

$140002$

K. K. Desai Partner Membership No. 100805 UDIN: 21100805AAAAFG8151 Place: Mumbai Date: 21st July, 2021

For O.P. Dad & Co. Chartered Accountants Firm Registration No 002330C

ชอ 1 ปี 9

O. P. Dad Partner Membership No.035373 UDIN: 21035373AAAACQ2335 Place: Bhilwara Date: 21st July, 2021

		D
Regd.Off. : Atun, Chlttorgarh Road, Bhllwara-311001 (Raj.), Phone: 01482-245400, Fax: 01482-245450
CIN: L17118Rj1984PLC003173,Web: www.sangamgroup.com. Email: secretarial@Sangamgroup.com
UNAUDITEDCONSOLIDATEDFINANCIALRESULTSFORTHE QUARTERENDEDON 30th JUNE,2021

II Expenses a. Cost of materials consumed

• b. Purchasesof stock in trade c. Change in inventories of finished goods, work-in-progress and stock-intrade d. Employees benefits expense e. Finance costs f. Depreciation and amortisation expense g. Power & Fuel 1124 (4846)
• h. Other Expenses Expenses III Profit/(Loss) before Exceptional Items & Tax (I-II) IV Exceptional Items V Profit/(LOss) before Tax (III-IV) VI expense: 2007 4515 (4961)
• Deferred tax 'Eariier Years VII Profit/(Loss) after tax (V-VI) (2711, 1289 (1709) (3252) 1084 (647)' 3354