Savera Industries Ltd. — Interim / Quarterly Report 2022

Aug 12, 2021

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OUR BUSINESS IS YO!J
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12"' August, 202 l

Bombay Stock Exchange Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 00 l

Dear Sirs,

Sub: Unaudited financial results for the quarter ended 30-06-2021 Ref: Scrip Code No.512634

Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing the unaudited financial results of the company for the quarter ended 30'h June, 2021, which were approved by the Board of Directors of our company at its meeting held on 12"' August, 2021 together with the Limited Review Report issued by the Statutory Auditors of the company.

The Board Meeting commenced at 3.00 p.m. and concluded at 1f- .1f-I; p.m.

Please lake on record the above results.

Thanking you,

Yours faithfully,

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Company Secretary

Savera Hotel (A unit of Savera Industries Ltd.,) 146, Dr. Radhakrishnan Road, Chennai - 600 004. CIN : L55101TN1969PLC005768 MSME: UDYAM-TN-02-0029972

SAVERj.J ()URBUSINE�P, YOU

S,\ Vf;RA INllllS'l ltlt;S LIMITF.0 Rn;,I. Ornrr: 146, Llr. Kadha�r�t111un Road, Mylaport, Chtnnai- 600 004

�: ! �-2811 4700. fu, 91�4-lt!IJ J.rns. rmaU: lnro@s.nrrahotrltom qN Nn., IMIOITN1!>6!1rLC005768 �: "'"W.U>traho l.rom

STATFMF.NT OF llNAUl)ITrn nNAI\CIA1.1u;s1Jb'IS FOR Tiff. QUARTt:l(JOTII ,Jl)NF. 2021

	SATFMFNT OFlNAUlITrnNAICIA1.1u;s1J	bSFRTiff QUA	RTtl(JOTII,JlNF	2021
					(?InLkhs)
SNo	ruciulan	fr 30.0.2021 {Unaudile)	thrQuanrr tnde 31.0J.2021 (AuditW)	J0.0.2020 (Un.uditt)	t'orlhtYe11 rnde Jl.O.2021 (Audite)
' "	nenuefrom O�uon) Otherlncmr	452.22 26.43	" 41.76	170.5 27.59	l,92J7 114.2
"	Totallncomt(l+II)	478.65	S7.4	19.U	2.076.69
rv	E�pns
	(i)Cmt orMaterial�Consume (ii)Ch.ngeIn in,rncor·ofStok-in-tndt (Iii)Em11lyt lnrft[\J>nsn (i,·)FinanceCot MDpriti&Amoni1.tin (,i)lr,iion ForDub1fl Ibl (,ii)OtherOpr:uing 1,utGmerln11en)	77,73 2.61 239.0 IU2 65.85 . 2201	IJJ.89 12.01 247.25 14.71 91.8 (ll.75) l\4.6	3520 LO 1n20 9J9 97.9) 12.27 131.96	293.39 2045 815� 4.92 371,77 1049 931.71
	TotalEipns(l\1	614.02	8.59	"·	2,47.77
v	Prfl(l))bfottHe11tlu111I iltmsand ta, (Ill-IV	1457	4.85	(28.82)	(411.0)
v	EI«ption1Iittms	.	(42.69)	.	(42.69)
VII	PrftL) bdonIn4-\I)	(145.7)	4.16	(2882)	(45.77)
\'I	E11ror111rItems	.	.	.
IX	Prftbt'ortTu(\III,\'11l)	(1457)	4.16	(2882)	(45.77)
x	TUUpn�
	(i)CurtnlTu	.
	(oi)DderndTu (i,i)ElrlitrYtrT,u	. .	(2559) .	(21.65)	(4.97)
XI	Prft/L)forthtpri<I rnlinuingOJMrlion(I·X)	145.7)	29.75	(26517	(40.8
XII	OtherComµthensi,rlnrumc
	A.(1)lttmJthat.,11notb rlasifN10µrftorlu:
	-�mls1rtmn1ordtfnN bneft plans -Euitylnstrmcnb thrughOlhn Compthtriu·lnromt (,i)lnron1tIn tl11ing10hemsIhat"inotbrlanifW toprft or los	,.,, 24.72	(l7.) 22.8	(1.6) 18.0 .	. 91.77
		.	.
				..
	B(i)ltrmsthat 'illbrrdauifN to prftorl:	.	.	.	.
	(ii)lnrmttu "latin�10ilfmsthat"i1101brtlauifN toprftortoss
		.	.		.
				.
		8S2J	(ISO)	1641	llS'2
XI	ToiIComp"htnsi,tlntonltforlht pri(IX+X)	(6.14)	14.72	(2476)	(273.98
XIV	Pai-upeuity sharu1ii!aI	l,192.80	1.1n.so	1.192.80	1.192.8
	(Fartnlut RIO·carh)
xv	Ren•r andSorh••(ncludingRCaluatin Rent)	.	.	.	4,6.6
XVI	Etrningsl'trShat{ln1{:,I
	(i)I11i	(1.22)	uzs	(222)	(l.44)
	(iiDi1ulf	(1.22)	0.25	(222)	(l.44)

''-t�'l(!IAA �� ' (b�c--\

Savera Industries ltd.,

146, Or. Radhakrishnan Road, Chennai • 600 004. CIN : L55101TN1969PLC005768

MSME: UOVAM·TN-02·0029972

SAVE RP OIJF! BUSINESS IS YOU

NnlH io Pohli�hcd Rault•:

I) The 11bon Unaudiltd Finand11I Rtsnlb (as per- Regulation 33 of the Sl::BI (Listing Obligations and Disclosure Requirements) Regulalions) ha,·c bun rc,ic11cd by the Audit Committee 1111d subscquc11tly 1 11ir0Hd by the Board of Dircclor.. al ilS m tieg hdd on 12•h Augus1 2021. The statutory auditon nave reviewed the fin11nci11l results for the Quarlcr ended 30th Junr 2021 as required under Regulalion 33 or the SEBI (Listi11g Obligations and Disclosure Rcquirt'mcnlS) Regulations ?OIS and the related rc110rt docs not have any impact on the abo,·c Unaudilcd Financial Results and notu thereon.

• 1) 111 ,icw of susonalily of the seetor. the finandl results for the Quaritr/ l)('riod are not indicathc of the full yrar's up led ptrformance. Any periodic comparison should take this into consideration.

• l) These financial rc1ul1s ha\·e bttll prepartd in accordance 11ilh lhe recognition and mrasurunent principles or Indian Accounting Standards (Hind ASH) prescribed under Stclion Ill or 1he Cornpanio Acl, 2013 read 11ith the rtlcunt ruin issued thereunder a11d the other accounting principlu generally accepted in India.

4) The Company hu credited, Rs.?...IJ lakhs for the quarter ended 30'" June 2021 resp ety, bting rent concessions received, to Other Income. This is in accordance .,.·ith panignph 46A uid .tCiB of IND AS 116, notified by MCA \'idc its notifiution dated :u'" July 2020.

• 5) The Complln}' hn onl}' one nperatlve scgmenl viz., hotcliering and hence segment reporting dots not appl}' 10 the company.

• 6) El'S is not annualilcd for Quarlcr JOth June 2021, 31" March 2021 & 30th June 2020.

7) The busine of the Company has hc('n st\ertl)' in111acted stnce the CO\'ID-19 pandemic . The Company 11·i1ncssed softer revenues due to successtve locl.do.,. n� nnd the lra\tl re11triction1 imposed by 1hc go\·er11 1c11t. The Com11aH)' has ensured the liquidity position and 111ken steps to rneet ilS working upital requirements. inspitc of the losses incurred till date. h1rlher, steps for cos I optimiulion •t opcralion•l le\clS have b«n implemented.

8) The Cou1p•11y hn aLw asscssed 1hc poHibk impact of CO\II0-19 in preparation of the fiinancial resutu, including but not limited to its asseument of liquidity and going concern asi;umption. reeoverabte valuH of us financial and non-financial use ls and impact on revenues •nd costs. Based on the currenl estimates. the Compan}' docs 1101 upcct any signific:1n1 imparl on lhc e&rf")ing ,·alues of its usrl!>. The impacl orCo\·id-1? may bt different from !hat cs1imaled as 111 the date of approval or these fin11ndal resu11s and rhe Company ,1m continnt to clescly monitor any material changes to future economic co11ditio11J, Accordingl)', the financial rtsults of the Con1pany jrsve hccn 'prepared on a goi11g concern buis.

9) The Indian Parliamc11t has approved the Code on Sotial Stcurity 2020 which would impact !ht conlributions by the Company to1 rds Pro\·idenl Fund and Gratuil)', The drdt rules for lhr ume were relnscd in �o,embcr 2020 and the GO\'trmenl hu invited suggestions from the stakeholder,,, 1nd these arc uuder the aeuve considenlion of the Ministr)' of Labour and Employment. The Covernment has now deferred the lmplernentati or the Codes, beyond Apr I, 2021. The Com11any proposes to assess the impact orme same after the rules are notified.

10) The figures for the quarter ended J 1st ,,larch 2021 represents 1hc deriHd figure between ure audited figures in rrspcct of full financial year ended J 1st 1\larth 2021 111d published )t&r-lo-dale rt1·ie" cd figuru 1 110 Jlst Decembtr 2020.

I I) Hgurcs of prnious periods have been regrouped/reclassified whcrc\er necessary to confor111 to lhc eurreet period classification.

place : Chenuai Dalt: 12th August 202

For and on bthalf or 1he Board of ntree Managing Director

Savera Industries ltd., 146, Dr. Radhakrishnan Road, Chennai - 600 004. CIN: L55101TN1969PLC005768 MSME: UDYAM-TN-02-0029972

2 1 8, T.T.K. Road, Alwarpet, Chennai - 600 018. Ph. No.: 2499 21 55 I 5 6 ; 57 E.mail : admin@svco.in

Chartered Accountants

S. Venkatram & Co. LLP

"Formerly known as S. Venkatram & Co." (Regn No: 722) Converted and registereci as LLP vide LLPIN AA.i\ll-3179/27.03.2018 with Limited Liability

Limited Review Report For the Quarter Ended 30'h June, 2021

To,

The Board of Dir ectors,

Mis. Savera Industries Limited, Chennai.

• L We have reviewed the accompanying statement of unaudited financial results ·of Mis. SA VERA INDUSTRIES LIMITED ("the Company"), for the quarter ended 30'h June 2021 ("the Statement").

• 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" ("ln<l 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.

• We conducted our review of the statement in accordance with the Standards on Review Engagement (SRI.') 241 G, "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 from material misstatement. A review is Ii mired primarily to inquiries of company personnel and analytical procedures applied to financial data and thu�}�rovide 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 es above, nothing has come to our attention that causes us to believe that the accompanying Sta. tement, prepared in . accordance w. ith applicable accounting standards and other ' recognized accountin, g � practices and policies has ' . n. ot disc. losed the information required to be d. isclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, including the manner in which it is to be disclosed, or that it contains any material misstatement.

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5. Emphasis of Matter:

We draw attention to Note 7 and Note 8 to the financial results, which describes the possible effect of uncertainties relating to COVJD-19 pandemic on the Company's financial performance as assessed by the management.

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

Place: Chennai Date: 12"' August 2021

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For S. Venkatram & Co. LLP Chartered Accountants FRN. No. 004656S/S200095 · �� Partner M. No. 201737 UDIN: 21201737AAAAFY5631