SATIA INDUSTRIES LIMITED — Interim / Quarterly Report 2021

Feb 12, 2021

Manufacturer of Quality ¹⁵ ,&48 Writing, Printing & Speciality [JSr]rr- Paper with ECO MARK ? .-

CIN: L21012PB1980PLC004329

Sil/CS

Dated: 12-02-2021

The Manager,	The Manager
Listing Department,	Listing Department
BSE Limited,	National Exchange Stock of India Ltd
Phiroze Jeejeebhoy Towers	Exchange Plaza, Plot C/1, Block, G no.
Dalal Street	Bandra-Kurla Complex, (E) Bandra
Mumbai-400001	Mumbai - 400 051.
Scrip Code: 539201	Symbol: SATIA

SUB: OUTCOME OF BOARD MEETING HELD ON 12-02-2021

Dear Sir,

In terms of the Regulation ³⁰ and other applicable provistons of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Board in its meeting held today i.e. February 12, ²⁰²¹ considered and approved the following:-

¹ Un-audited Financial Results of the Company for the Quarter and Nine Months ended 31-12-2020 in terms of Regulation ³³ of SEBI (LODR) Regulations, 2015

Thanking You,

Yours faithfully, For Satia Industries Ltd

^y vv'-? (Rakeshmar Dhuria) Company Secretary

DEEPAK GROVER & ASSOCIATES I ^{c H A R r E R E o A} c.·c ^{o u N r A N r s} I

CJl <Deepak, (}rover (}3.Com., P. C.Jl

Limited Review Report for the Quarter ended 31st December, 2020

To the Board of Directors of Satia Industries Limited

We have reviewed the accompanying Statement of Unaudited StandaloneFinancial Results of Satia Industries Ltd for the Quarterended 31.12.2020 and year to date from 1st April, ²⁰²⁰ to 31st December, 2020, together with the notes thereon,("the Statement")attached herewith being submitted by the Company pursuant to the requirement of Regulations ³³ of SEBI (Listing Obligation and Disclosure Requirements) Regulations, ²⁰¹⁵ as amended.(initialed by us for identification).

This Statement which is the responsibility of the Company's Management and approved by the Board of Directorshas 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 ("the Act") read with relevant rules issued there under , as applicable and other accounting principles generally accepted in India . Our responsibility is to issue ^a report on these financial Statement based on our review.

We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountant 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 is limited primarily to inquiries of company personnel and analytical procedures, applied fo 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.

Based on our review conducted as above, nothing has come to our notice that causes us to believe that the accompanying Statement of Unaudited Standalone Financial Results prepared in accordance with applicable accounting standards, prescribed under Section ¹³³ of the Act read with relevant Rules thereunder as applicable and other recognized 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, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

Place :Rupana' Date: 12.02.2021

Ended Quarter ' Sr. 31.03.2020 31.12.2019 31.12.2020 Particulars 30.09.2020 31.12.2019 31.12.2020 no. Audited Unaudited Unaudited Unaudited Unaudited Unaudited 80,863.72 62,957.88 41,564.23 14,792.62 20,123.84 14,260.19 operations from I Revenue 1,519.79 1,400.72 313.35 44.05 238.29 20.11 Il Other income 82,383.51 64,358.60 41,877.58 14,836.67 20,362.13 14,280.30 (J+Il) m Total Income JV Expenses 33,562.38 25,974.60. 17,300.73 6,276.48 8,023.73 6,246.26 of material consumed Cost 1,576.29 1,567.79 699.77 - of stock-in-trade - Purchases - 192.30 goods, 39.98 of finished Changesin inventory (1,159.34) (827.63) 609.27 (36.25) work in progress in trade and stock 5,283.16 4,050.41 3,276.65 1,063.41 1,371.15 1,251.40 Employee benefits expense 2,021.55 1,576.50 1,263.73 382.05 467.41 434.53 Finance costs 5,462.01 3,938.66 4,287.78 1,520.77 1,311.63 1,533.45 Depreciation 22,757.83 17,558.00 13,180.08 4,499.64 4,786.90 4,395.40 Other expenses 70,855.52 54,705.94 38,149.63 12,914.72 17,269.86 13,824.79 (IV) Total expenses 11,527.99 9,652.66 3,727.95 1,921.95 3,092.27 455.51 (Ill-IV) before Profit V tax l)x VI expense: 2,350.02 2,177.36 640.75 487.68 605.96 (152.48) Current tax (103.33) 220.82 100.47 57.30 240.21 Deferred tax 9,183.79 7,578.63 2,866.38 1,333.80 2,429.01 367.78 the period (V-VJ) VIl Profit for comprehensive income VII Other 23.52 be reclassified (35.64) (11.88) that will not A (i) Items 7.84 (11.88) to profit and loss (7.98) that relating to items 12.09 4.03 (ii) Income (2.66) tax 4.03 to profit and loss be reclassified will not will be reclassified to that B (i) Items profit and loss - - - - - will that relating to items (ii) Income tax to profit and loss - be reclassified - - - - the for total Comprehensive Income 9,152.40 7,594.16 profit 2,842.83 (Comprising 1,325.95 period (Vll+VIII) 2,434.18 359.93 IX and Other for Income	of Unaudited Statement
the period)	Comprehensive
1000\ 1000\ 1000 capital (Face value 1000 equity share 1000 Paid-up X "I per equity share)
each) (for the (of'l share Earnings per XI annualised) period - not 7.58
2.87 1.33 2.43 0.37 (Revised) - Basic 7.58 2.87 1.33 2.43 0.37 (Revised)

.. '

Satia Industries Limited

	Revenue Results Assets And Segment Lightlities

		Quarter Ended			Nine Months Ended		Year Ended
Sr. No.	Particulars	31.12.2020	31.12.2019	30.09.2020	31.12.2020	31.12.2019	31.03.2020
		Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
1	Segment Revenue
	a) Paper	14,152.82	19,701.60	14,640.22	41,179.69	62,011.76	79,322.97
	b) Yarn & Cotton					18.66	18.66
	c) Co Generation Division	3,581.21	3,586.37	2,559.48	8,643.71	11,535.95	14,959.99
	Agriculture d)	47.28	367.98	107.09	221.99	750.80	1,288.64
	e) Solar Division	60.09	54.26	45.31	162.55	176.66	233.45
	Total	17,841.40	23,710.21	17,352.10	50,207.94	74,493.83	95,823.71
	Less: Inter Segment Revenue	3,581.21	3,586.37	2,559.48	8,643.71	11,535.95	14,959.99
	Net Revenue from operations	14,260.19	20,123.84	14,792.62	41,564.23	62,957.88	80,863.72
2	Segment Results
	Profit before Interest & Tax
	a) Paper	(530.97)	2,109.41	1,482.63	1,733.09	6,096.12	6,905.92
	b) Yarn & Cotton	(0.55)	(0.91)	(1.09)	(1.64)	(2.70)
	c) Co Generation Division	1,432.86	1,425.44	863.86	3,322.29	5,081.74	6,590.96
	d) Agriculture	23.00	71.32	8.38	65.92	193.68	306.25
	e) Solar Division	(34.30)	(45.58)	(49.78)	(127.98)	(139.68)	(253.59)
	Total	890.04	3,559.68	2,304.00	4,991.68	11,229.16	13,549.54
	Less: Interest	434.53	467.41	382.05	1,263.73	1,576.50	2,021.55
	Profit before Tax	455.51	3,092.27	1,921.95	3,727.95	9,652.66	11,527.99
3	Segment Assets
	a) Paper	79,428.24	61,500.21	78,045,45	79,428.24	61,500.21	68,119.77
	b) Yarn & Cotton	317.25	329.06	317.25	317.25	329.06	367.33
	c) Co Generation Division	10,606.81	13,130.30	11,349.78	10,606.81	13,130.30	10,391.19
	d) Agriculture	4,032.21	3,268.91	4,128.77	4,032.21	3,268.91	3,769.85
	e) Solar Division	1,784.05	2,148.32	1,816.66	1,784.05	2,148.32	1,861.03
	Total	96,168.56	80,376.80	95,657.91	96,168.56	80,376.80	84,509.18
4	Segment Liabilities
	a) Paper	22,219.99	19,248.83	23,137.97	22,219.99	19,248.83	18,873.07
	b) Yarn & Cotton	1.06	434.64	1.06	1.06	434.64	399.72
	c) Co Generation Division	937.10	840.31	864.50	937.10	840.31	1,276.16
	d) Agriculture	24.26	69.96	57.86	24.26	69.96	28.80
	e) Solar Division	3.15	3.15	3.15	3.15	3.15	3.15
	Total	23,185.56	20,596.89	24,064.54	23,185.56	20,596.90	20,580.90

Note

• 1 Pursuant to the requirements of Regulation 33 of SEBI (Listing Obligtions and Disclousure Requirements) Regulations, 2015 as amended, the Company has published quarterly results. The Results of the corrosponding periods are management certified figures. These financial results have been prepared in accordance with the Indian Accounting Standards ("Ind AS") as prescribed under section 133 of the Companies Act, 2013 read with relevant rules issued thereunder.
• 2 The above results were reviewed by the Audit Committee at the meeting held on 12th February, 2021 and thereafter have been adopted by the Board at its meeting held on 12th February, 2021. Limited Review of these results has been carried out by the Auditors.
• 3 The Company has business segments namely a). Writing & Priniting Paper b). Yarn & cotton c). Cogeneration d). Agriculture e). Solar.
• 4 Figures for previous year and quarter have been revised or reclassified, wherever necessary, for consistency.

Date: 12th February, 2021 Place: Rupana

For Satia Industries Limited

(Railnder Kumar Bhandari) Joint Managing Director DIN: 00732588