Shiva Texyarn Ltd. — Interim / Quarterly Report 2022

Aug 9, 2022

STYL/SEC/BM/56/2022-23 9th August 2022

Scrip Code: - 511108	Scrip Code: SHIVATEX
Dalal Street, Mumbai - 400 001.	Bandra (East), Mumbai - 400 051.
Floor 25, Phiroze Jeejeebhoy Towers	"Exchange Plaza", Bandra-Kurla Complex
BSE Limited	National Stock Exchange of India Limited

Dear Sir,

SUB: - 1.SUBMISSION OF uN-AUDITED FINANCIAL RESULTS OF THE COMPANY FOR THE QUARTER ENDED 30TH JUNE 2022 -REG

SUB:- 2. INTIMATION UNDER REGUALTION 30 0F SEBI LODR REGUALTIONS, _2015(SCHEDULE im READ wlTH PART A -REG.

Pursuant to Regulation 33 & Regulation 30 of SEBl (Listing Obligations and Disclosure Requirements), Regulations, 2015, we are enclosing & Intimating the following:-

• Statement of Un-Audited Financial Results of the Company for the quarter ended 30th June 2022.
• Limited Review Report issued by our Statutory Auditors M/s. Deloitte Haskins & Sells LLP, Chartered Accountants, Coimbatore.
• Considering the market conditions, the Board of Directors in their meeting held on today i.e. 09.08.2022, have decided to optimise the production levels of the Spinning Unit of the Company. In this connection, it was held that Significant Production cuts needs to be implemented for the current month (August, 2022) and next month (September, 2022) untH the market resumes to normal conditions.

SHIVA TEXYARN LIMITED

Regd. Office: 52, East Bashyakaralu Road, R S.Puram, Coimbatore -641002, Tamilnadu INDIA Telephone : 0422 -2544955 E-mail: shares@shivatex.co.in Website : www.shivatex.co.in CIN : L65921TZ1980PLC000945 GSTRN : 33AABCA6617MIZO

The Meeting commenced at 11.05 AM and concluded at 12:45 P.M.

Kindly take on record the above.

Thanking you

Yours faithfully

For Shiva Texyarn Limited M-R . S R I N I VA S A N ComPanySC`(rc-tdry' M . N o . 2 I i, 5 4

SHIVA TEXYARN LIMITED Regd. Office: 52, EAST BASHYAKARALU ROAD, R S PURAM COIMBATORE 641 002 CIN: L65921TZ1980PLC000945 Website: www.shivatex.co.in STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30.06.2022

SI.	(Rs.in lakhs except earnings per share data)
No		Quarter ended			Year ended
	PARTICULARS	30.06.2022	31.03.2022	30.06.2021	31.03.2022
		(Unaudited)	(Unaudited) Refer Note 3	(Unaudited)	(Audited)
$\mathbf{I}$	Income from operations
	Revenue from operations	12,751.84
	Other income	26.37	12,693.50 66.68	8.573.82	47,707.38
	Total income	12,778.21	12,760.18	20.32 8,594.14	137.35 47,844.73
$_{\rm H}$	Expenses
	a) Cost of materials consumed
	b) Purchases of stock in trade	9,784.21	9,865.06	4,363.42	29,340.16
	c) Changes in inventories of finished goods, WIP and stock in trade	173.77	175,30	441.90	1,277.69
	d) Employee benefits expense	(732.32)	(758.55)	(160.85)	(914.73)
	e) Finance costs	1,147.55	1,103.96	963.17	4,386.24
	f) Depreciation and amortization expense	373.70	223.23	398.72	1,380.61
	g) Other expenses	290.42	346.58	310.96	1,265.55
	Total expenses	1.652,48	1,589.92	1,623.77	8,108.61
Ш	Profit before tax (f-II)	12,689.81	12,545.50	7,941.09	44,844.13
IV	Tax expense	88.40	214.68	653.05	3,000.60
	Current tax
	- pertaining to current year	25.74	14.39	168.71
	- pertaining to earlier year		76.58		860.99
	Deferred tax	1.82	30.89	(5.26)	76.58
	Total tax expense	27.56	121.86		61.84
V	Profit after tax (III - IV)	60.84	92.82	163.45 489.60	999.41
VI	Other comprehensive income/(loss)				2,001.19
	Item that will not be reclassified to profit or loss
	i) Remeasurements of defined benefit plans		25.95	(4.15)	25.95
	ii) Equity instruments through other comprehensive income	(6.67)	1.30	19.38	29.86
	iii) Income tax relating to items that will not be reclassified to profit or loss
VII	Total comprehensive income	54.17	(16.25)		(16.25)
VIII	Paid up equity share capital (Face value of Rs. 10/- each)	1,296.27	103.82	504.83	2,040.75
IX	Reserves excluding revaluation reserves		1,296.27	1,296.27	1,296.27
	(as per audited balance sheet)
X	Earnings per share (not annualised for quarters)				12,951.25
	i) Basic	0.47	0.72
	ii) Diluted	0.47	0.72	3.78 3.78	15,44 15dd

NOTES:

• 1. These unaudited financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their meetings held on August 8th and 9`'', 2022. The statutctry auditors have revlewed the financial results and given unmodified opinion.
• 1. The Company is primarily engaged in the manufacturing of Textile and related products, which in the context of lnd AS 108 "Operating Segments'. is considered the only Significant business segment.
• 3, The figures of the quarter ended March 31, 2022 are the balancing figures between the audited figures in respect of the full financial year and the published year-to-date figures upto the third quarter of the previous financial year.
• 4` During the current quarter, in order to ensure un-iriterrupted power supply on long term basis, the Company acquired 2,600 equity shares of L K Distributors Private Limited (L K Distributors), for a consideration of Rs. 61.58 lakhs and purchase power from 1 K Distributors as a captive user. Based on tlle shareholders agreement entered into by the Company with 1 K Distributors on May 02, 2022, the Company has assessed that it does not have significant influence over L K Distributors in accordance with the applicable accounting standards.
• 5, Previous period figures have been regrouped and reclassified wherever necessary.

For SHIVA TEXYARN LIMITED

MANAGING DIN REfflrmHill IRECTOR 0002691

Coimbatore August 9, 2022

DeEoitte FTaskiffis & Sells Lip

Chartered Accountants 7`h Floor, Times Squcire, Door No. 62, A,T,T. Colony Road, Coimbatore -641018 Tamil Nadu, India

Tc-i: +91422 664 6500

INDEPENDENT AUDITOR'S REVIEW REPORT 0N REVIEW OF INTERIM FINANCIAL RESULTS

TO THE BOARD ®F E}IRECTORS OF SHIVA TEXYARN LIMITED

• 1, We havc` reviewed the accompanying Statement of Unaudited Financial Results of SHIVA TEXYARN LIMITED ("the Company"), for the Quarter ended June 30, 2022 ("the Statement"), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulatlons, 2015, as amended.
• 1. 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 the Indian Accountlng Standard 34 "Interim Flnanclal Reporting" ("Ind AS 34''), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our respoiisibility is to express a conclusion on the Statement based on our review.
• 1. We conducted our review of the Statement ln accordance with the Standard on Revlew Engagements (SRE) 2410 `Review of Interim Financial Information Performed by the Independent Audit:or of the Entity', issued by the Institute of Chartered Accountants of India. A review of Interim financial information consists of making inquiries, primarily of the Company's personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review ls substantially less in scope than an audit conducted in accorclance with Standards on Auditing specified under section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all signiricantL matters that might be identjfled in an audit. Accordlngly, we do not express an audit opinion,
• 1. Based on our review conducted 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 laid down in the aforesaid Indian Accounting Standard and other accounti.ng 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 Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any materlal misstatement.

For DELOITTE HASKINS & SELLS LLP Chartered Accountants

(Flrm`s Registration No.117366W/W-100018) kegiv Krishiia PI.aka§h E

Partner (Membership No. 216015) UDIN: 22216015AOPFXW4582

Place : Coimbatore Date :Augusto9,2022