National Stock Exchange of India Limited Exchange Plaza, NSE Building, Bandra Kurla Complex, Bandra East, Mumbai-400 051

Trading Symbol: SERVOTECH

Sub.: Outcome of Board Meeting

The Board of Directors of Servotech Power Systems Limited, upon recommendation of its Committees, at its meeting held on 30th June 2021, which commenced at 11.00 a.m. and concluded at 11:30 p.m., interalia considered and approved the following:

1. Audited Standalone Financial Results of the Company for the half-year and year ended 31st March, 2021 along with statement of Assets and Liabilities and Cash Flow Statement of the Company in the prescribed format.
1. Auditors' Auditors' Report issued by M/s. Gupta Jalan & Associates., Chartered Accountants on Standalone financial Results of the Company for the half-year and financial year ended 31" March, 2021;
1. Statement in the form of declaration Regulation 33(3)(d) of SEBI (LODR) Regulations, 2015that the report of Auditors is with unmodified opinion with respect to Audited Financial Results of the Company for the half-year and financial year ended 31st March, 2021.

Kindly take the above information on record and oblige.

Thanking You,

FOR SERVOTECH POWER SYSTEMS LIMITED

RAMAN BHATIA MANAGING DIRECTOR DIN.: 00153827

Encl.: as above

Servotech Power Systems Limited

CIN : L31200DL2004PLC129379

REGISTERED OFFICE: 806, 8thFloor, Crown Heights, Hotel Crown Plaza, Sector-10, Rohini, New Delhi -110085 PLANT AND R&D :76A,Sector-57, Kundli Industrial Area, Sonepat, Haryana-131028 Tel No : 011-41183117,• Sales: +91 9717691800,• Email : [email protected] , •Website: www.servotech.in

SERVOTECH POWER SYSTEMS LIMITED Registered Office: 806, 8th Floor, Crown Heights, Crown Plaza, Sector-10, Rohini, New Delhi-110085 CIN:- L31200DL2004PLC129379, Email: [email protected]

STATEMENT OF AUDITED FINANCIAL RESULTS FOR THE HALF‐YEAR AND YEAR ENDED 31ST MARCH, 2021

Sl. No.	PARTICULARS	Half Year Ended			Financial Year ended
		31 March 2021	30 September 2020	31 March 2020		31 March 2021 31 March 2020
		Audited	Un‐Audited	Audited	Audited	Audited
I.	Revenue from operations		7,091.61 1,708.32 7,136.98 8,799.93 8,744.16
II.	Other income		35.49 54.68 35.67 90.17 53.14
III.	Total Revenue (I + II)		7,127.10 1,763.00 7,172.65 8,890.10 8,797.30
	Expenses:	‐
	Cost of materials consumed		6,329.78 1,437.22 5,931.96 7,767.00 7,044.77
	Purchase of Stock‐in‐Trade		‐ ‐	‐		‐
	Changes in inventories of finished goods		‐300.76 ‐34.00 201.77 ‐334.76 ‐98.85
IV.	Employee benefits expense		233.56 166.98 142.09 400.54 461.36
	Finance costs		124.31 152.72 162.90 277.03 277.36
	Depreciation and amortisation expense		54.89 41.25 46.79 96.14 89.15
	Other expenses		355.99 182.71 583.82 538.70 900.92
	Total expenses		6,797.77 1,946.88 7,069.33 8,744.65 8,674.71
V.	Profit before exceptional and extraordinary		329.33 ‐183.88 103.32 145.45 122.59
VI.	Exceptional items	23.25	‐ ‐ 23.25 8.35
VII.	Profit before extraordinary items and tax (V ‐		306.08 ‐183.88 103.32 122.20 114.24
VIII.	Extraordinary items		‐ ‐ ‐			‐
IX.	Profit before tax (VII‐ VIII)		183.88 ‐183.88 103.32			114.24
X.	Tax expense:	‐
	(1) Current tax		30.75 ‐ 24.70 30.75 29.70
	(2) Deferred tax		‐ ‐ 0.44			0.44
	(3) CSR Expenses		‐ ‐
	(4) Income Tax of Earlier Years		‐0.76 ‐		‐0.76
XI.	Profit (Loss) for the period from continuing	92.21	‐ 78.18 92.21 81.38
XII.	Profit/(loss) from discontinuing operations		‐ ‐ ‐			‐
XIII.	Tax expense of discontinuing operations		‐ ‐ ‐			‐
XIV.	Profit/(loss) from Discontinuing operations		‐ ‐ ‐			‐
XV.	Profit (Loss) for the period (XI + XIV)		276.09 ‐183.88 78.18 92.21 81.38
	Share of Profit /(Loss) of associates		‐ ‐ ‐			‐
	Minority Interest		‐ ‐ ‐			‐
	Net Profit/ (Loss) for the Period		276.09 ‐183.88 78.18 92.21 81.38
XVI.	Details of Equity Share Capital	‐
	Paid‐up Equity Share Capital		1,831.04 1,831.04 1,831.04 1,831.04 1,831.04
	Face Value		10.00 10.00 10.00 10.00 10.00
	Reserves excluding Revaluation Reserves as		‐ ‐ ‐			‐
	Earnings per equity share:	‐
XVI.	(1) Basic		1.50 ‐1.00 0.43 0.50 0.44
	(2) Diluted		1.50 ‐1.00 0.43 0.50 0.44

For and on behalf of board of Directors Servotech power Systems limited

Digitally signed by RAMAN BHATIA DN: c=IN, st=Delhi, 2.5.4.20=400095bb5f9cb07819642223b31345eaf26be73724cf8 31908ac2f70a1f9a6bc, postalCode=110085, street=F1/48-49,1st Floor,Sector-11,Rohini Sector 7, serialNumber=2712cd863db2482c834a81335afec5aa9058b225 d3c1d2f5f29ba5116327a90d, o=Personal, cn=RAMAN BHATIA, pseudonym=00305d44024b9a29f171d798449e561f Date: 2021.06.30 23:41:23 +05'30'

RAMAN BHATIA

Raman Bhatia Managing Director DIN: '00153827

Date: 30.06.2021 Place: New Delhi

NOTES

1. The above financial results were reviewed by the Audit Committee and approved by the Board of Directors i n their respective Meeting held on 30th June, 2021. The Statutory Auditors have conducted "Audit" of these results in terms of Regulation 33 f the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015.
1. The Company has received Nil requests/grievance s from the shareholders during the qua r te r ended 31st March, 2021 and all of them have been resolved and there are no pending requests/grievances.
1. Liability for deferred tax is recognized while deferred tax assets are not recognized in accordance with Para 17 of Accounting Standard-22.
1. Depreciation is calculated as per Companies Act, 2013 for the said period.
1. Diluted EPS is ignored as it is anti-dilutive.
1. These standalone fi nancial resu lts are available o the Company's website viz. www.servotechi ndia.com and on the websites of NSE (www.nseindia.com).
1. The Company operates in the single segment an there are no reportable segments as required under Accounting Standard 17 issued by Institute of Chartered Accountants of India. Therefore, segmented disclosures are not applicable.
1. The financial results for the year ended 31st March, 2021 have been audited by statutory auditor of the Company. The statutory auditor have given an unmodified opinion.
1. Previous year/half-year figures have been r egrouped/rearranged/reclassified wherever found necessary.

For and on behalf of Servotech Power Systems Limited

Raman Bhatia RAMAN BHATIA DN: c=IN, st=Delhi,

2.5.4.20=400095bb5f9cb07819642223b31345eaf26be73724cf8319 08ac2f70a1f9a6bc, postalCode=110085, street=F1/48-49,1st Floor,Sector-11,Rohini Sector 7, serialNumber=2712cd863db2482c834a81335afec5aa9058b225d3c 1d2f5f29ba5116327a90d, o=Personal, cn=RAMAN BHATIA, pseudonym=00305d44024b9a29f171d798449e561f Date: 2021.06.30 23:42:27 +05'30'

Digitally signed by RAMAN BHATIA

Managing Director DIN: 00153827

Date: 30.06.2021 Place New Delhi

		Asat	Asat
Sl.No.	Particulars	31March2021	31March2020
		Audited	Audited
I	EQUITYANDLIABILITIES
	Shareholders'funds
1	(a)Sharecapital	1,831.04	1,831.04
	(b)Reservesandsurplus	1,944.68	1,852.47
	(c)Moneyreceivedagainstsharewarrants		‐
	TotalShareholder'sFund	3,775.72	3,683.52
2	Shareapplicationmoneypendingallotment		‐
	DefferedGovernmentGrants		‐
	MinorityInterest		‐
	Non‐currentliabilities
	(a)Long‐termborrowings	503.11	482.97
	(b)Deferredtaxliabilities(Net)	11.07	11.07
3	(c)ForeignCurrencyMonitoryitemtransaction
	DiffrenceLiabilityAccount		‐
	(d)OtherLongtermliabilities	1.00	0.80
	(e)Long‐termprovisions		227.47
	TotalNonCurrentLiabilities	515.18	722.31
	Currentliabilities
	(a)Short‐termborrowings	2,011.66	1,387.35
	(b)Tradepayables		1,722.78
	(A)Totaloutstandingduesofmicroenterprisesand
4	smallenterprises;	56.49	175.31
	(B)totaloutstandingduesofcreditorsotherthan
	microenterprisesandsmallenterprises.	2,287.24	1,547.47
	(c)Othercurrentliabilities	813.67	374.22
	(d)Short‐termprovisions	30.75	29.70
	TotalCurrentLiabilities	5,199.81	3,514.05
	TotalEquityandLiability	9,490.71	7,919.87

STATEMENT OF AUDITED ASSETS AND LIABILITIES

II.	ASSETS
	Non‐currentassets
	(a)Fixedassets
	(i)Tangibleassets	739.45	842.70
	ProducingProperties		‐
	(ii)Intangibleassets		‐
	PreproducingProperties		‐
	(iii)TangibleAssetCapitalwork‐in‐progress		‐
	(iv)Intangibleassetsunderdevelopmentorwork‐in‐
1	progress		‐
	TotalFixedAssets	739.45	842.70
	(a)Non‐currentinvestments		‐
	(b)Deferredtaxassets(net)		‐
	(c)ForeignCurrencyMonitoryitemtransaction
	DiffrenceLiabilityAccount		‐
	(d)Long‐termloansandadvances	46.14	106.91
	(e)Othernon‐currentassets	1,088.93	855.88
	TotalNonCurrentAsset	1,135.07	1,805.49
	Currentassets
	(a)Currentinvestments		‐
	(b)Inventories	1,525.88	909.34
2	(c)Tradereceivables	5,057.76	4,325.86
	(d)Cashandcashequivalents	339.34	314.37
	(e)BankBalanceandOtherthanCash		‐
	(f)Short‐termloansandadvances	693.21	564.79
	(e)Othercurrentassets		‐
	TotalCurrentAssets	7,616.19	6,114.37
	TotalAsset	9,490.71	7,919.87

For and on behalf of board of Directors ‐ Servotech power Systems limited

Raman Bhatia Managing Director DIN: '00153827

Date: 30.06.2021 Place: New Delhi

SERVOTECH POWER SYSTEMS LIMITED

CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2021

PARTICULARS‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐	FOR THE YEARENDED31st MARCH 2021‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐	FOR THE YEAR ENDED31st MARCH 2020‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
A. CASH FLOW FROM OPERATING ACTIVITIES
Net Profit before tax	12,219,989	11,424,219
Adjustments For :
Depreciation and amortisation expense	9,614,353	8,914,793
Interest expense	27,703,233	27,736,456
Interest income	(1,310,603)	(1,679,601)
Loss/ (profit) on sale of fixed assets	(222,324)	51,420
Corporate Social responsibility	‐	(51,000)
Operating Profit before working capital Changes	48,004,648	46,396,288
Adjustments For :
(Increase)/ Decrease in sundry debtors	(73,189,435)	(32,755,130)
(Increase)/ Decrease in inventories	(61,653,521)	25,179,029
(Increase)/Decrease in loans & advances and other current assets	(12,841,119)	(15,205,356)
Increase/ (Decrease) in sundry creditors and other liabilities	87,394,911	7,004,969
Cash generated From operating activities	(12,284,516)	30,619,800
Less: Direct Tax Paid	2,999,192	3,191,068
Net cash generated from/ (used in) operating activities	(15,283,707)	27,428,732
B. CASH FLOW FROM INVESTING ACTIVITIES
Purchase of fixed assets	(1,508,533)	(11,773,125)
Proceeds from sales of fixed assets	2,441,519	100,000
Interest received	1,310,603	1,679,601
Decrease/ (Increase) in Long Term Loan & Advances	6,076,705	(5,710,244)
Decrease/ (Increase) in Other non current assets	(23,305,722)	(3,084,273)
Net Cash Generated from (used in) investing activities	(14,985,428)	(18,788,041)
C. CASH FLOW FROM FINANCING ACTIVITIES
Issue of Share Capital / Share Application Money	‐	‐
Share Premium Account including reserves	‐	‐
Proceeds from Secured & Unsecured loans	62,431,061	46,881,547
Interest / Financial Charges	(27,703,233)	(27,736,456)
Increase/(Decrease) in Long Term Liabilities	(1,962,069)	(25,416,528)
Net Cash Generated from (used in) Financing Activities	32,765,759	(6,271,437)
I Total increase (decrease) in cash and cash equivalents during the year	2,496,624	2,369,254
(A+B+C)II Cash and cash equivalents at beginning of year	31,437,424	29,068,170
III Cash and cash equivalents as at end of the year (I+II)	33,934,048	31,437,424

As per our report annexed for and on behalf of the Board

Raman Bhatia(Managing Director)DIN‐00153827

Digitally signed by RAMAN BHATIA DN: c=IN, st=Delhi,

AI assistant

Servotech Renewable Power System Limited Annual Report 2021

62223_rns_2021-06-30_87333735-6975-43b2-9a3e-e4afaeb599ba.pdf

National Stock Exchange of India Limited Exchange Plaza, NSE Building, Bandra Kurla Complex, Bandra East, Mumbai-400 051

Trading Symbol: SERVOTECH