Sreeleathers Limited — Interim / Quarterly Report 2022

Aug 14, 2021

SREELEATHERS LIMIIED 6, Tottee Lane, Kolkata - 700 016

Ph. No. :033-2286-1571, Fax No. :033-2217-6468 Website : www.sreeleathers.com E-mail : sreeleathers@sreeleathers.com CIN : 167190W81 991 PLC0S0656

To:

Date: 14.08.2O2'l

OUTCOME OF BOARD MEETING OF SREELEATHERS LTD. HELD ON SATURDAY, THE 14rH AUGUST,2O21 AT 4.OO P.M. AT THE REGISTERED OFFICE OF THE COMPANY, 6, TOTTEE LANE, KOLKATA - 7OOO16 AND CONCLUDED AT 6.00 P.M.

1. Fixinq the clate. time and place of the Annual General Meetinq:

Resolved that the 30th Annual General Meeting of the Company will be held on Wednesday, the 29th September,2O2l at 1 1.30 a.m. through VC or OAVM'

2. Approval of the business to be transacted at the 30th Annual General Meetino

The Board considered and approved for including the items as mentioned in the Notice of the Meeting and authorized Shri B.K. Roy, Company Secretary, for issuance of the Notice to all members as per provisions of the Companies Act,2013 and for that purpose it is proposed to pass the following Resolution:

Resolved that the Notice for the 30th Annual General Meeting of the Company as placed before the Board and duly initialled by the Chairperson of the Meeting for the purpose of identification be and is hereby approved and Shri B.K. Roy, Company Secretary of the Company be and is hereby authorized to give notice of the Meeting together with the Directors' Report, Report on Corporate Governance and Financial statements for the Financial Year 2O2O-21 lo the Mernbers of the Company through electronic mode , in compliance with the applicable provisions of the Companies Act, 2013 and Rules framed thereunder and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015read with General Circular Nos.1412020, 17t2O2O and2012020 dated 8th April 2020' 13th Aprit 2020 and Sth May 2020, respectively and by General Circular No.02l2O21dated 13th January,2021 issued by the Ministry of Corporate Affairs ("MCA Circular/s") and Circular Nos. SEBI/HO/CFD/CMD1/CIR1P12O2OI79 dated 12th May 2O2O and SEB|/HO/CFD/CMD2/ ClRtp t2021/1 1 dated 1 Sth Janua ry, 2021 issued by the Securities and Exchange Board of lndia ("SEBI Circular/s").

SREELEATHERS LIMIIED

6, Tottee Lane, Kolkata - 700 016 Ph. No. :033-2289-1571, Fax No. :033-2217-6468 Website : www.sreeleathers.com E-mail : sreeleathers@sreeleathers.com CIN : LG7190WB1 991 plc0s06s6

3. Determination of Book Glosure

Resolved that the Register of membersi and register of share transfer of the company be closed from 23rd September 2Q21to 29th September 2021 (both days inclusive) for the purpose of Annual General Meeting pursuant to the listing agreement of the company with the stocll exchanges and as per the provisions of the Companies Act, 2013 and that Shri t3.K' Roy, Company Secretary, be and is hereby authorized to make necessary arriangements for publication of notice in the newspapers and intimate the stock exchanges, CDSL, NSDL and Share Transfer Agent of the ComPanY.

4. To consider and finalise the voting period and cutoff date (record date) for the purpose of e'voting at Annual Genetral Meeting'

E+oting rtart orte, zaog.2021(10.00 a.m.), e-voting closing date: 28.09.2021 (5'00 p.m.)

Cut-off date: of eligible shareholders for Ernailing of notice: 20'08'2021 Cut-off date of eligible shareholders for voting'.22'09'2021

Appointment of Scrutinizer

ln compliance of Listing Agreement, Pawan Vani & Associates, Chartered Accountants, Metcalfe Tower, Suite No -2D,2nd Floor, 56, Metcalfe Street, Kolkata - 7OOO13 who has given his consent to act as such be and is hereby appointed as scrutinizer of e-voting process in a fair & transparent manner at ensuing Annual General Meeting and provide report thereon and be paid the remuneration and out of pocket expenses incurred by him as may be decided by the Managing Director of the Company.

Unaudited (standalone) Financial Results for the quarter ended on 30th June, 202',4 6.

As per requirement of Regulation 30 anrj 33 of the sEBl (Listing obligations and Disclosure Requirements) Regulations, 2015, the board have considered and approved the Unaudited (standalone) Financial Results for the quarter ended on 30th June, ZOZ1, copies of which are enclosecl herewith. Adopted Limited Review Report obtained from the statutory Auditors of the company, copy of which is enclosed herewith.

For Sreeleathers Limited,

Company SecretarY.

Place: Kolkata Date:14.08.2021

SREELEATHERS LIMIIED 6, Tottee Lane, Kolkata - 700 016

Ph. No. :033-2286-1571, Fax No. :033-2217-6468 Website : www.sreeleathers.com E-mail : sreeleathers@sreeleathens.com CIN : 1671 90WBl 991p1C050656

Statement of Unaudited Standalone Finan(;ial Results for the Quarter ended 30-June-2021

sl.	Particulars	OlradPr Fnrll
Nn-		tlnauditedl(Llun-2O21	unauditedlO-lun-2O2O	Auditpd11-'J,^r-)O?7	Audited17 -M^r-)n)1
1	f,n5	t.244.75	32s.s€	3.364.79	8.336.61
	er rncom€				LA )1
	fotal income	,		1 1R' t'	q lRn 9?
	(penses
		807.12	92.51	).427.7\	5 674 qq
		85 6n	111 51	16 5d	312.80
	lits expense	92.39	83.8s	92.28	348.73
	Finance costs	7	0.32	31.4€	32.21
	amortisation expense	26.41	24	51.:
	Other exoenses	83.92	78.7 4	143.11	374.24
	expenses	1,103.18	47
4		152.01	(84.35	625.78	1
		152.0'
7	:xtraordinary items
				62s.16	1
9	x expense
	:urrent Tax	44.L4		188.22	435.32
	Tax CharRe/(Credit)		I4	(8.38	(20.06
	rlier oeriod		0.01		{1
10					1.1
	i) Items that will not be reclassified subsequently to Profit or Loss	)11 )1	463.8'	74.O9	1.162.05
	ii) Items that will be reclassified subsequently to Profit or Loss
	Iotal other comnrehensive Income
		2Lt.21	463.8i	14.O4	1 162 05
13	Paid- uD Eouitv share caoital	2.315-S(	2,515.5(	535.542,319.42	2-277 -112,3L9.42
	{Face value of Rs.10/- each)
14	Earnings per share (Before & after extraordinarv ltems)
		o4,	lo a)
	iluted lRs.)	0.4t	lo.1t	1g(	4

Notes:

• 1. The above unaudited financial results have been reviewed by the Audit Committee and taken on record by the Board ofDirectors at their meeting held on l4th August, 2021 . The financial results for the Quarter ended 30th June, 2021 have been subjected to limited review by the Company's Statutory Auditors.
• 1. These results have been prepared in accordance rtvith the IndAS notified undo the companies (lndian Accounting Standard) Rules, 20 I 5 (as amended) (Ind AS) prescribed under section 133 ofthe Comparries Act, 2013 and other recognised accounting practices and policies to the extent applicable.
• 1. Company has started Buyback of Equity sharqs of face value of Rs. l0 each ("Equity Shares") from the open market through stock exchange (the "Buyback"), in accordance with $e Securities arrd Exchange Board of India (Buy back of Securities) Regulations, 201 8, as amended (the "Buyback Regulations"). Pursuarlt to the Public Announcement dated 26.11.2020, the Company commenced buy back of equity shares of face value Rs. I 0/- each fully paid ("Equity Shares") from its shareholders. The Company from 4th December 2020 to 30th Mwch,202l has bought back 20,00,000 nos equlty shares, and the same have been extinguished by 06.04.202 | . During the quarter equity sharesno.39104havebeenextingushedandaccqrdinglythepaidupcapital oftheCompanyhasbeenreduced to2,315.50 lakh.
• 1. The figure for the corresponding (previous year) periods have been regrouped/rearranged wherever necessary to make thern comparable.
• 1. Subsequent to the year ended 3lst March 2021, the country witnessed a surge ln Covid-19 cases, which led to regional lock downs duringlst quarter. This impacted the Company$ business during the lst quarter of the current FY 2O2l-22. However, the Company is hopefrrl to recover the business from the 2nd quarter of the FY 2021-22. The management does not anticipate any challenge in the Company's ability to continue as a going mncerl or meeting its financial obligations and expects no significant impact on carrying amount ofinventories, tangible assets, intangible assets, trade receivabl:s, lnvestments and other financial assets and continues to monitor changes in future economic conditions.
• 1. The company has only one segment, therefore segment reportinp; under IndAS 108 is not required.
• 1. The figure for the quarter ended 3l March ,2021 are the and the results published upto the third quarter ended 3 I between the audited figure in of full current financial year s Sreeleathers Ltd

,lr /.rtt t

Rochita Dey

{.> .A \4

'; ./ht Oate: 14th Auoust. 2021 Place:kolkati ft/"--Jtg

CHANANI & ASSOCIATI:S Chartered Accountants

98306 44804 t 9830690094 ' chananiassociates@gmail.corn M:+91 E-mail .

2lllll Benaras Road, Salkia Howrah -7lt 106

To, The Board of Directors SREELEATHERS LIMITED

We have reviewed the accompanying statement of Unaudited standalone financial results (,,the Statement") of SREELEATHERS LIMITED ("the Company"Jfor the quarter ended 30tr,fune, 2021 attached herewith, being submitted by the company pursuant to the requirements ol Regulation 33of the SEBI flisting obligations and Disclorrrl Ruquirements) Regulations , 201.s (,,Listing Regulations'J.

This statement is the responsibility of the Company's Management and approved by the Board of Directors, has been prepared in accordance wit'h the recognition and measurement principles laid down in the Indian Accounting Standard 34 "lnterim Financial Reporting,, (,,lnd AS 34,,), as prescribed under section 133 ol the Companies Act, 2013 as amended, read with relevant rules issued thereunder and.other accounting principles generally accepted in India. our responsibility is to issue a report on these financial results based on or. ."ui.*.

We conducted our review in accordance with the Standard on Review Engagement ISREJ 2410, Review of Interim Financ-ia.l lnformation Performed by the lndependent Auditi i1tn, ortity speciliecl u-nder section 1a3ft7) of the companies Act,2013. Thisstandard requires that we plan and perform the review to obtain moderate assurance as to lvhether the financial results are free of material misstatement. A review is limited primarily to inquiries of Company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. we have not perf,ormed an audit and accordingly, we do not e.(press an audit opinion.

Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited standalone financial results prepared in accordance with applicable accounting Standards i,e, Indian Accounting Standards (,,lncl AS,,) prescribed under section 133 ol the Companies Act, 2013 read with relevant rules issued thereunder and other recognized accounting practices and policies has not disclosecl the information required to be disclosed in terms of Regulation 33 of the Listing Regulations including the manner in which it is to be disclosecl, or that it contains any material misstatement.

Place: Howrah Date: 14th August, 2021

FoT CHANANI & ASSOCIATES Cha rte re d Ac co un ta nts, FRN No: 3254258 ADHAW CHANANI)

Partner M,No.060624 UDrN : el oGo629AA AABI+ Lr2 t+