Sangam (India) Ltd — Interim / Quarterly Report 2021

Jan 21, 2021

SANGAM (INDIA) LIMITED

Date: 2i.Ol.2021

CIN : L17118 RJ 1984 PLC 003173 Regd. Office: P.B. No. 90, ATUN, Chittorgarh Road a'hilwara - 311001, Rajasthan, INDIA. Valu. through valuES Phone: + 91':1482-245400-06, Fax: + 91-1482-245450 Ref: SIL/SEC/2020-21/ Website: www.sangamgroup.com. E-mail: secretarial@sangamgroup.com

The	The
Manager	Manager
Department	Department
of Corporate	of Corporate
Services	Services
The NationalStockExchangeof IndiaLtd.	BombayStockExchangeLtd.
Plaza, 5th Floor,Exchange	PhirozeJeejeebhoyTowers
Plot	zs"
No. C/l,	Floor,
G Block,	Dalal
	Street,
BandraKurlaComplex,Bandra(E),	MUMBAI- 400 001
Mumbai400 051
Scrip	Scrip
Code:	Code:
5251	514234

Dear Sir/Madam,

Ref.: Regulation 30 and 33' of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Sub.: Outcome of the Meeting of Board of Directors held on zi" January, 2021 and Un-audited Financial Results for the Quarter ended 31st December, 2020

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 January, 2021, have interalia, approved the following: .

• 1 .. Appointment of Mr. Anurag Soni, as Additional Director designated as Whole Time Director of the Companyw.e.f z i'' January 2021 pursuant to Section 196, 197 read with schedule V of the Companies Act, 2.013 subject to the approval of the Shareholders of the Company in the ensuing General Meeting. Presently, he is also associated with Company in the capacity as Chief Financial Officerof the Company w.e.f 24.06.2020. A brief profile of Mr. Anurag Soni is enclosed as Annexure-I.
• 1. Appointment of Shri Yaduvendra Mathur (DIN: 00307650) as an Additional Director in the category of Independent Director on the Board of the Company with effect from 21 st January, 2021. A brief profile of Shri Yaduvendra Mathur is enclosed as Annexure-II.
• 1. The Un-audited Financial Results (Standalone and Consolidated) of the Company for the quarter . ended 31st December, 2020: A Copy of Un-audited Financial Results along with Limited Review Report is enclosed herewith.
• 1. Re-constitution of Audit Committee ofBoard of Directors of the Company.

The rneetrng commenced at 11:30 A.M. and concluded at S:'tJ{J P.M.

This is for your information and record.

SANGAM (INDIA) LIMITED

..

CIN : L 17118 RJ 1984 PLC 003173 Regd. Office: P.B. No. 90, ATUN, Chittorgarh Road Bhilwara - 311 001, Rajaan, INDIA. Phone: + 911482-24540"6-06, Fax: + 91-1482-245450 Website: www.sangamgroup.com. E-mail: secretarial@sangamgro6\P.~ure-1

Brief profile of Mr. Anurag Soni appointed as Additional Director designated as Whole Time Director of the Company:

Name	Mr. Anurag Soni
Designation	TimeasWholeDirectordesignatedAdditional
	Director
Date of Appointment	zr"January, 2021
Reason for Change	Appointmentof AdditionalDirectordesignatedas
	Whole Time Director
Brief profile	andMSFinanceCommerceGraduateHeisa
	Degree. Apart fromhi.Sprofessionalexpertise;he is
	ofMaheshwarithe·MemberAllIndiaalso
	atMemberofboardTrusteeandMahasabha,
	SangamUniversity.
	Presentlyhe is associatedwithCompanyas Chief
	isalsow.e.f24.06.2020.He. FinancialOfficer
	corporatestrategythegroup'sspearheading
	withexpansionsadeepinitiativesandfuture
	andanalysis. ofgroup'scompetitiveadvantages
	challenges.
DirectorsDisclosureofrelationshipbetween(i~	.He is relativeof Directorof the Company
case of appointmentas a Director)

SANGAM (INDIA) LIMITED

CIN : L17118 RJ 1984 PLC 003173

Regd. Office: P.B. No. 90, ATUN, Chittorgarh Road Bhilwara311001, Rajasthan, INDIA. Phone: + 911482-245400-06, Fax: + 91-1482-245450 Website: www.sangamgroup.com. E-mail: secretarial@sangamgroup.com

Annexure-II

Brief profile of Shri Yaduvendra Mathur as an Additional Director in the category of Independent Director'

Name	Shri YaduvendraMathur
Designation	AdditionalDirectorin thecategoryof Independent
	Director
Dateof Appointment	zi''w.e.fJanuary,2021toholdofficefora period
& Termsof Appointment'	,of fiveyears.
Reasonfor Change	DirectorintheanAdditionalAppointmentas
	categoryof IndependentDirector
Briefprofile	He is basicDegreein Economics(1979)'andpost
	graduationin Management(MBAFinance1981).
	incombined. experiencehas25yearsofHe
	&projectsbankinginstitutionalfinance,financial
	marketoperations( As CMDEximBank3 years;
	WithAfricanDevelopmentBank2 years;As CMD
-,	,3AsCorporationyearsFinancialRajasthan
	Intelligence,PrincipalRevenueDirectorGeneral
	DySecretaryExpenditure,Budget,Secretary
	6asanFinanceyearsand2yearsSecretary
	IncomeTax Officer,IRS).
(inDirectorsDisclosureofrelationshipbetween	He is notrelatedto anyDirectorof theCompany
case of appointmentas a Director)

• Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited
• (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report To the Board of Directors Sangam (India) Limited 1. We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of Sangam (Jndia) Limited ("the Company'') for the quarter ended December 31, 2020 and year to date from April 01, 2020 to December 31, 2020 ("the Statement',) attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing
• Regulations"). 2. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in

1. We conducted our review of the Statement in accordance with the Standard on Review

might be identified in an audit. Accordingly, we do not express an audit opinion.

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.

whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in

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 the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting prlnciples generally accepted in India, has not disclosed

• Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited
• (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended R.eview R.eport To the Board of Directors Sangam (India) Limited 1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Sangam (India) Limited ("the Parent',) and its subsidiary (the Parent and its subsidiary together referred to as "the Group") for the quarter ended December 31, 2020 and year to date from April 01, 2020 to December 31, 2020 ("the Statement'') attached herewith, being submitted

by the Parent pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 7015, as amended (the "Listing Regulations',. 2. This Statement, which is the responsibility of the Parent's Management and approved by the

• measurement principles laid down in Indian Accounting Standard 34, "Interim Financial Reporting" (Ind AS 34), prescribed under Section 133 of the Companies Act, 2013 as amended,
• India. 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 Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in
• 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 No. CIR/CFD/CMD1/44/2019 dated March 29, 2019 issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable.

joint auditors and procedures performed by us as stated in paragraph 3 above.

be disclosed in terms of the Listing Regulations, including the manner in which it is to be

Place: Mumbai .

LIMITEDRegd.Off. : Atun, ChittorgarhRoad, Bhilwara-311001(Raj.), Phone: 01482-245400,Fax: 01482-245450CIN: Ll7118RJ1984PLC003173,Web: www.sangamgroup.com.Email: secretarial@sangamgroup.comUNAUDITED CONSOLIDATED FINANCIAL RESULTS FORTHE QUARTERAND NINE MONTHS ENDED ON ai" DECEMBER, 2020Particulars51.Quarter EndedNo.a. Revenue from Operationsb. Other incomeTotal IncomeIIExpensesa. Cost of materials consumedb. Purchases of stock in tradec. Change in inventoriesof finished goods, work-in-progressandstock-in-traded. Employees benefits expensee. Finance costsf. Depreciationand amortisationexpense

g. Power & Fuel h. Other Expenses Expenses III Profit/(Loss) before Exceptional Items & Tax (I-II) IV Exceptionalltems

V Profit/(Loss) before Tax (III-IV) VI Tax expense: Current tax Deferred tax 921 (383) 1232

Earlier Years VII Profit/(Loss) after tax from continuing operations (V-vn VIII Other Comprehensive Income/(Loss) (207) 979 (115) 1328

A(i) Items that will not be reclassified to profit or loss (ii) Income Tax on Items that will not be reclassified to profit or loss 6.(i) Items that will be reclassified to profit or loss (ii) Income Tax on Items that will be reclassified to profit or loss Other Comprehensive Income/(Loss) (Net of Tax) 408 (142) (1) 1 (323) 113 53 (19) 12 (4)

Notes:- Comprehensive Income for the period (VII+VIII) x Paid-up Equity Share Capital (Face Value of ~ 10 per Share) XI Other Equity XII Earning per Equity Share: (1) Basic (not annualised) Diluted not annual (2667) 4342 1.41 -7 1118 3942 48770 3.37 -7 3.371.41 1021 3942 2.48 2.48

5 The Covid 19 Pandemic affected globally as well as India causing significant disturbance in economic activities and the textile industry had

	SAN		LIMITED
	Regd.Off. : Atun, ChittorgarhRoad, Bhilwara-311001		(Raj.), Phone: 01482-245400,			Fax: 01482-245450
	CIN: L17118RJ1984PLC003173.	Web: www.sangamgroup.com.		Email: secretarial@sangamgroup.com
	" . '" 'UNAUDITED STANDALONE FINANCIAL RESULTSFORTHE QUARTERAND NINE MONTHS ENDED ON 315t DECEMBER. 2020
51.	Particulars		Quarter Ended
No.
	Income
	a. Revenue from Operations
	b. Other income
	I Income
II	Expenses
	a. Cost of materials consumed		15397		43184	75825	98233
	b. Purchases of stock in trade	769	12		859	3898	3963
	c. Change in inventories of finished goods. work-in-progressand
	stock-in-trade	3551	2124	1325	4346	848	(1313)
	d. Employees benefits expense		3410
	e. Finance costs		973

g. Power & Fuel h.OtherExpenses Expenses III Profit/(Loss) before Exceptional Items & Tax (1-11) 2052 3642

IV Exceptional Items V Profit/(Loss) before Tax (III-IV) 1233 (557) 2017 921 1232

484 (150) (1366) (382) (430) (207) (1l5) 749 (407) (2875) 1001 Earlier Years VII Profit/(loss) after tax from continuing operations (V-VI)

(1) (1) (3) (3) 1 1 1 93 12 408 (323) (32) (4) (8) (142) 113 VIII Comprehensive Income/(Loss) A.(i) Items that will not be reclassified to profit or loss (ii) Income Tax on Items that will not be reclassified to profit or loss B.(i) Items that will be reclassified to profit or loss (ii) Income Tax on Items that will be reclassified to profit or loss

60 8 27 264 (212) 809 (399) 603 (2611) 1118 4342 3942 3942 4342 3942 49382 1.90 -1.03 1.90 -1.03 Other Comprehensive Income/(Loss) (Net of Tax) IX Comprehensive Income for the period (VII+VIII) x Paid-up Equity Share Capital (Face Value of ~ 10 per Share) XI Other Equity XII Earning per Equity Share: (1) Basic (not annualised) annuali

Notes:-1meeting held on zr" January. 2021.2the company operates. The Company is primarily	Company in accordance with Regulation 33 of SEBI (Listing Obligations & Disclosure Requirements)were reviewed by the Audit Committee of the Board and thereafter	The above unaudited standalone financial results for the quarter and nine months ended sr" December 2020 have been prepared by thewere approved and taken on record by the Board of Directors inBased on the management approach as defined in Ind AS 108 - Operating Segments. the Chief Operating Decision Maker (CODM) evaluatesthe company's performance and allocates resources based on an analysis of various performance indicators of business segment/s in whichengaged in the business of textilemanufacturing	Regulations 2015 (as amended) andwhich the managementand CODM
3The company has allotted 40.00.000meeting held on zs" November. 2020.4	recognise as the sole business segment. Hence. disclosure of segment-wise informationThe Board of Directors of the Sangam India Limited (SIL) and Sangam lifestyle Ventures	equity shares of the face value of ~ 10 each at a premium of ~ 40 Per Share on Preferential Basis tothe Promoter(s) of the Company on dated ao" December. 2020 and same was approved by Shareholdersof the Company in Annual General	is not required and accordingly not provided.Limited (SLVL) has approved the Scheme

been progressive and we expect the momentum to continue with an overall improvement in Covid situation. The Company believes that