Shrenik Limited — Interim / Quarterly Report 2020

Feb 11, 2020

505-508, TEN/11, BesIde Mardla Plaza, C.G. Road, Ahmedabad - 9. Ph.: 079-26440303/0505,48990505/0606 www.shrenlk.co.ln • e-mail: Info@.shrenlk.co.ln CIN No.: LS1396GJ2012PLC073061

11th February, 2020

To, The Manager, The National Stock Exchange of India Limited; Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai - 400051, Maharashtra, India.

Company Symbol: SHRENIK

Sub: Outcome of the Board Meeting held 011 Tuesday, 11th February, 2020.

Ref: Regulation 30 read with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir/Madam,

We hereby inform you that the Board of Directors of the Company Jt their meeting held today i.e. 11th February, 2020 approved the Unaudited Fina cial Results for quarter/nine months ended on 31st December, 2019.

Pursuant to the provisions of Regulation 30 and 30f SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose the Un udited Financial Results for the quarter/nine months ended on 31st December, 2019 along with Li ited Review Report of Statutory Auditors of the Company. '

The meeting of the Board of Directors commenced at :30 p.m. and conduded at 4:30 p,m.

Kindly take the same on your records.

Thanking you,

FOi' and on behalf of SHRENIK LIMiTED,

ROSHNI SHAH COMPANY SECRETARY AND COMPLIANCE OFFICER

: Wholesale Dlat Ibutors :

705, P.B. Parekh Tower, Near Diwan Bal1ubhai School, Kankaria, Ahmedabad- 380022. Gujarat, India. Phone: 079-25471562/25462129, E-mail: ahmedabad@singhico.com, Website: www.singhico.com

Independent Auditor's Review Report on Unaudited Quarterly Financial Results and Year to Date Results of the Company pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Rcg u lations, 2015 (as amcnded)

To, I ne Board of Directors of, 0 f'rCnlk limilCd .

• 1. We have reviewed the accompanying statement of unaudited financial results ('the Statement') of Shrenik Limited ('the Company') for the quarter ended 31 December 2019, and the year to date results for the period 01 /\prJ l 2019 to 31 December 2019, being submitted by the Company pursuant to the requirements of I~egu on 33 of the SE81 (Listing Obligations and Disclosure Requirements) Regu lations , 2015 (as ame'l oed), inclciOirg relevant circulars issued by the SE RI irom 'imo to time .
• ? IS i ancial s~aloment is tho responsibil ity of the Company's Management and has been approved by the l'loaro of Diroc!Ors. Our responsibility is to issue a report on this financial statement based on the review.
• 1. 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 fina ncial statements arc free of material misstatement. f\ review is limited prirnary ,0 inquire of Co mpa ny personnel and analytical procedures applied to financial data and thus provide less as::; urance tha n an audit. We have not performed an auoit and accordingly, we 00 not expross an audit opin:or..
• 1. f3 aseo on our review conducted as stated above, nothing has come to our attention, inat causes us to believe that the accompanying statement of unaudited financia l result prepared in accordance with applicable accounting standards and other recogni7ed accounting practices and policies has not disclosed the informa tion requ ire to be disclosed in term of Regulation 33 of the SEBI (Listing Obligation and Disclosure ea" ro ment ) I~egulations, 20i5 includi ng the manner in which is to be disclosed , or l at it contains any maler:ai misstatement.

UDIN' ~o/o 3 39S' AAAAI1R!3oJS

Place: - Ahmedabad Dated -11/02/2020

®

^I-k® 505-508, TEN/ll, Beside Mardia Plaza, e.G. Road, Ahmedabad - 9. ..11 Ph.: 079-26440303/0505, 48990505/0606 ....1......1 Telefax: 079-26406810 www.shrenik.co.in • e-mail: info@shrenik.co.in (IN No.: l51396GJ2012PlC073061

Statement of Unaudited Financial Results for the Quarter ended and Year to date ended on 31st December, 2019

PARTI							(RS In Lakhs)
		Quarter Ended			Year to Date		Year Ended
		31st December	30th September	31st December	31st December	31st December	31St March
		2019	2019	2018	2019	2018	2019
		(Unaudited)	(Unaudited)	(Unaudited)		(Unaudit~ _ . (Unaudited)	(Jludited)
1	Income from Operation
	a) N~t Sales /Revenue from Operation	20,132 8~	22521.13	21979.51	65,591.94	61,557 .2 1	83,6'/8.83
2	Other Income		25.14	23.43	111.65	23.43	158.05
3	Total Revenue	20,132.83	22.546.27	22,002.94	65,703.59	61.580.64	83,836.88
4	Expenses
	a) Purchase of Stock -in ·Trade	18766.72	18356.49	24865.45	62,503.48	62,205.04	80,464.64
	b) Changes in Inventories of finished good s,
	work in progress anJ stock in trade	(387.40)	1969.77	(4,018.64)	(2,S89 .71)	1'<.973.82)	(1.654.6")
	c) Direct Expenses	578.82	968.26	265.84	2,109.78	652.77	1.092.86
	d) Employee benefit Expenses	67.16	58.39	61.64	182.51	159.80	211.77
	el Finance Costs	402.56	390.91'	367.12	1,239.35	861.06	1,248.31
	f) DepreCiation and J.1Ivrtisa,iun expense	32.%	32	28.2	88.39	61.84	77.34
	iI) Other Expenses	326.D1	252.04	104.56	778.41	459.37	664.31
	Total expenses PIa) to 2(g) )	19,736.82	22,027.86	21,674.17	64,312.21	60,426.01	82,104.64
5	Profit uerore exceptlona, and extraordinary Items and
	tax (3-4)	346:01 I	518.41	328.77	1,391.38	1,154.63	1,732.24
6	Exceptional Items			1.62		1.62	1.62
7	Profit before extra ordinary items ana iax (5-6)	346:01 I	518.41	327.15	U'J1.38	1,153.01	1,730.61
8	Extraordinary Items
9	Profit Before Tax	3";6.01	I 516.41	327.15	1,39 1.38	1,153.01	1,730.61
	10 Tax Expenses	88.67	132.84	124.87	356.55	403.84	616.'l3
11	Net Profit for the period (9-10)	lS7.34	385.57	202.28	O3~.83	/49. 17	1, 111.88
12	Paid up equity Share Capital
	(Face Value - R; 2/-E"ch)	2,040.00	2,040.00	1.,0~0.00	2,040.00 I	2,040.00	2,040.00
13	Reserve excluding Revaluation Reserve	5528.63		5271.29L 4213.56	5,523.63	4,218.56	317.61
14	Basic and Dialuted earning per share in Rs.		2~J __ _____0_.38	0.19	1.01 1	0.73	---~

1 The above financial Results ho'l" ileen reViewed b't the Audit Committee and a~proved by t:',e Board of Direc~or:; in their respectivc meetings held on 11th February, 2020

In accordancc with Regulation 33 of the SEllI (LODR) Regulations, 2015, the s,~tutory auditors (,f the company hove ca.rieJ out limited review of the ab ove results .

3 The figures o( the , vious peric.d have bee" regrouped/rearranged W!l~reVl'r nec~ssary to make tnem comparaole with those ot current period .

• 4 The Figures of the Qu~rter ended Decem ber 31, 2019 are the ~o;a ncing fitiurcs uetween fig~res fo. the Y~a ^rto date ~eriod ended ('n Dec ll1~~r 31,2019 and .H;; I: Yea r ended on 30th September, 2019 .
• 5 fi nancial Re sul ts (or a;1the periolis nave been prepared in ccord~n ce w ith I\cc('unting Stan d·· rd. <'s prescribed by the Ins,itute of Chartered Accountants of InOIJ.
• 6 As our company migrated from SME to the Mai:'! Board of NSE w.e.f. Jlugust 02,2019, Ind AS will ~c ppj(ab j~ to our co ,,~any frol,' the ne..t Fin.; .. c;~1 Year ;.e. 2C20-21.
• 7 EPS is calculated as per AC(Qunting Standard 20 considering the split up of equ ;ty shares and accordignl'{ EPS is adi'Js:ed tor all the comp arative per;od s presentee .
• S The Management identifies "Paper-Trading" as ,he only Business Segment.
• 9 The above financial results are available on the Website of the Company i.e. \'Ww.shrenik .co.in and "n the WebSite of National ~tock Exchange of India i.e. ww\v. nseindia.com.

For and on behalf of the Board of Directors SI,renik limited

Shrenlk Vimawala Chairman and rAonaging Direttor DIN :- 03474255

Date:- 11,02,2020

Place :- Ahmedabad : Wholesale Distributors: =Ballarpur Industries ltd_ ~APP Asia Pulp & Paper ltIiIIJ N ^P l ITamilnadu Newsprint & Papers ltd.

,.~ NRAgarwal Industries ltd. APRIL ~ NAINI '(' April Fine Paper Trading Pte. ltd. !,,} ~'_ ____ Si:wll