SRF Ltd. — Regulatory Filings 2021

Jul 28, 2021

The Corporate Relationship Department, BSE Limited Ist Floor , New Trading Ring Rotunda Building, P.J. Towers Dalal Street, Mumbai 400 001

National Stock Exchange of India Limited "Exchange Plaza" Bandra-Kurla Complex Bandra (E) Mumbai 400 051

Scrip Code-SRF

Scrip Code- 503806

SRF/SEC/BSE/NSE 28.07.2021

Dear Sir,

Unaudited Financial Results for the quarter ended 30.06.2021 alongwith Limited Review Report for the quarter ended 30.06.2021

Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors at its meeting held today i.e 28th July, 2021 (commenced at 11.00 a.m. and concluded at 01.50 p.m.) has inter-alia considered and approved –

• 1. Unaudited Standalone Financial Results for the quarter ended 30.06.2021 (copy enclosed alongwith Limited Review Report by Statutory Auditors for quarter ended 30.06.2021)
• 1. Unaudited Consolidated Financial Results for the quarter ended 30.06.2021 (copy enclosed alongwith Limited Review Report by Statutory Auditors for quarter ended 30.06.2021)

Thanking you,

Yours faithfully,

For SRF LIMITED

Rajat Lakhanpal VP (Corporate Compliance) & Company Secretary

SRF LIMITED Block-C Sector'45 Gurugram 122 003 Haryana India Tel: +91-124—4354400 Fax: +91-124—4354500 E-mail: info@srf.com Website : www.srf.com Regd. Office: Unit No. 236 Sr 237, 2nd Floor DLF Galleria, Mayur Plate Noida Link Road Mayur Vihar Phase 1 Extension Delhi 110091

Corporate identity No. L181010L1970PLC005197

BSR&Co. LLP

Chartered Accountants

hs Telephone: +91 124 719 1000 OLF Cyber cit, Pah oor Tower, Fax: 492124 235 8613 Gurugram — 122 002, India

To Board of Directors of SRF Limited

• |. We have reviewed the accompanying Statement of unaudited standalone financial results of SRF Limited ("the Company") for the quarter ended 30 June 2021 ("the Statement").
• 1. 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 recognitionand measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind 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 SEB! (Listing Obligation and Disclosure Requirements) Regulations, 2015, as amended ('Listing Regulations"). Our responsibility is to issue a report on the Statement based on our review.
• 1. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "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 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 performed an audit and accordingly, we do not express an audit opinion.
• 1. Attention is drawn to the fact that the figures for the 3 months ended 31 March 2021 as reported in these financial results are the balancing figures between audited figures in respect of the full previous financial year and the published year to date figures up to the third quarter of the previous financial year. The figures up to the end of the third quarter of previous financial year had only been reviewed and not subjected to audit.
• 1. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with applicable accounting standards and other recognised accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For BS R & Co, LLP f KausHfal ihr Partner Place: Delhi Membership Number: 090075 Date: 28 July 2021 UDIN: 21090075AAAAAV 1787

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Registered Office: The Galleria, DLF Mayur Vihar, Unit No, 236 & 237, Second Floor, Mayur Vihar Place, Noida Link Road, Mayur Vihar Phase | Extn, Delhi - 110091

STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2021

	a A SrRe SRF LIMITED Registered Office: The Galleria, DLF Mayur Vihar, Unit No, 236 & 237, Second Floor, Mayur Vihar Place, Noida Link Road, Mayur Vihar Phase 110091 Tel. No (Regd office) : (+91-11) 49482870 Fax : (+91-11) 49482900 E-mail: info@srf. com Website: www.srf.com CIN — L18101DL1970PLC005197 STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2021				Extn, Delhi - {Rs. in Crores}
			Quarter ended	Standalone	Year Ended
.No. S.No	Particul. articulars	30-Jun-21 (1)	34-Mar-21 (2)	30-Jun-20 (3)	31-Mar-21 {4)
		Unaudited	Audited	Unaudited	Audited
1	Revenue from operations a. Sale of products b. Other operating revenues	2179.96 19.84	2105.15 18,06	1266.35 31,32	6887.49 100.83
	Total Revenue from operations __ Other income	2199.80	2123.21	1297.67	6988.32
2 3	[Total Income	20.16 2219.96	16.16 2139.37	11.25 1308.92	63,30 7051.62
4	Expenses a, Cost of materials consumed
	b, Purchases of stock-in-trade	1036.94 27.04	1,035.15 17.65	553.40 11.47	3278.50 60.49
	Changes in inventories of finished goods, work-in-progress and stock in	24.70	(16.68)	60.57	(28.21)
	d. Employee benefits expense	152.97	147.67	123.22
	e. Finance cost f. Depreciation and amortisation expense	23,22	19.01	38.65
	g. Power and fuel	100.93 202.14	96.55 183.13	93.58 108.40
	h. Exchange currency fluctuation (gain) / loss	(7.87)	(8.05)	17.65
	i. Other expenses Total expenses	239.00 1799.07	233.01 1706.44	149.75
5 __	[Profit before tax for the period	420.89	432.93	1156.69 152.23
6	Tax expense - Tax expense - Tax adjustment related to earlier years	129.32 -	121.89 -	43.13 -
	7__ Net Profit after tax for the period	291.57	311.04	109.10
8	Other Comprehensive Income A. Items that will not be reclassified to profit or loss (i)(a) Gain / (loss) of defined benefit obligation (i)(b) Income tax on item (i)(a) above	(3.05) 1.07	(1.45) 0.51	2.68 (0.94)
	B. [tems that will be reclassified to profit or loss (i)(a) Effective portion of gain / (loss) on hedging instruments in a cash	(39.02)	4247	17.34
	flow hedge
	{i)(b) Income tax on item (i)(a) above (ii)(a) Cost of Hedging Reserve	13.32	(14.74)	(6.06)
	(ii)(b) Income tax on item (ii)(a} above	1.21 (0.31)	0.95 (0.33)	- -
Q	[Total Other Comprehensive Income for the period	(26.78)	27.11	13.02
10 11	[Total Comprehensive Income for the period	264.79	338.15	122.12
12 13	Paid up equity share capital (Rs.10 each fully paid up) [Other equity excluding revaluation reserve Basic and Diluted EPS for the period (not annualised)	59.25 49.21	59.25 52.50	57,48 48.98	\$34.13 111.24 383.60 632.06 7.21 762.66 5741.65 1309.97 385.92 (1.01) 925.06 2.41 (0.84) 132.33 (46,24) 0,95 (0.33) 88.28 1013.34 §9.25 6235.01 158.72

STATEMENT OF STANDALONE UNAUDITED SEGMENT INFORMATION FOR THE QUARTER ENDED JUNE 30, 2021

a, Ns sre
	SRF LIMITED
Registered Office: The Galleria, DLF Mayur Vihar, Unit No. 236 & 237. Second Floor, Mayur Vihar Place, Noida Link Road, Mayur Vihar Phase Tel, No (Regd office) : (+91-11) 49482870 Fax : (+91-11) 49482900	Extn, Delhi - 110091
E-mail: info@srf.com Website: www.sif.com CIN -L18101DL1970PLC005197
STATEMENT OF STANDALONE UNAUDITED SEGMENT INFORMATION FOR THE QUARTER ENDED JUNE 30, 2021				(Rs. in Crores)
		Standalone Quarter Ended		Year Ended
articulars Pp;	30-Jun-21 i) Unaudited	31-Mar-21 2)	30-Jun-20 (3)
Segment Revenue				34-Mar-21 a)
a) Technical Textiles Business (TTB)	492.93	Audited	Unaudited	Audited
b) Chemicals Business (CB) c) Packaging Film Business (PFB)	1110.50 544.84	400.59 1149.82 497 85	140.44 703.77 434.32	1240.11 3636.85 4888.04
dd) Others Total Segment Revenue	53.64 2201.91	77.66 2125.93	23.70 1299.23	232,02 6997.02
Less: Inter Segment Revenue Revenue from Operations	2.11 2199.80	272 2123.21	1.56 1297.67	8.70 6988.32
Segment Results (Profit before interest and tax from each Segment)
a) Technical Textiles Business (TTB) b) Chemicals Business (CB)	133.68 221.16	72.79 275.84	(14.02) 89.09	176.90 730.14
c) Packaging Film Business (PFB) d) Others Total Segment Results	117.24 1.30 473.98	129.35 8.77 486.75	141.35 (0.28)	567.79 25.59
Less/{Add): i) Finance Cost	23,22	19.01	216.14 38.65	1500.39 114.21
ii) Other Unallocable Expenses (Net of Income) Profit before tax for the period	29.87 420.89	34.81 432.93	26.26 152.23	79.21 1309.97
Segment Assets
a) Technical Textiles Business (TTB) b) Chemicals Business (CB) c) Packaging Film Business (PFB)	1764.21 5951.88	1594.08 5723.01	1353.78 §280.72	1594.08 5723.01
d) Others Total segment assets	1743.44 181.45 9640.98	1867.82 171.97 9156.88	1514.79 180.46 8328.75	1667.82 171.97 9156.88
e) Unallocable Total	1636.64 11277.62	1554.42 10741.30	987.15 9316.90	1554.42 10711.30
Segment Liabilities @) Technical Textiles Business (TTB)	431.46
b) Chemicals Business (CB) c) Packaging Film Business (PFB)	808.77 285.05	336.77 707.94 338.22	173.58 565.47 209.33	336.77 707.94 338.22
id) Others Total segment liabilities e) Unallocable	19.65 1544.63 3172.70	32.85 1415.78	22.54 970.92	32.85 1415.78

Registered Office: The Galleria, DLF Mayur Vihar, Unit No, 236 & 237, Second Floor, Mayur Vihar Place, Noida Link Road, Mayur Vihar Phase | Extn, Dethi - 110091

Tel. No (Regd office) : (+91-11) 49482870 Fax : (+91-11) 49482900

E-mail: info@srf.com Website: www.srf.com CIN - L18101DL1970PLC005197

NOTES TO STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, ²⁰²¹

• The above results were reviewed by the Audil Committee and approved by the Board of Directors at its meeting held on July 28, 202[. The review report of the Statutory Auditors is being filed with BSE and National Stock Exchange. For more details on the standalone resulis, visit Investors section of our website at www.srf.com and financial results at Corporates section of www.nseindia.com and www.bseindia.com.
• These financial results of the Company have been prepared in accordance with the Indian Accounting Standards ("Ind AS") as prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and the other accounting principles generally accepted in India.
• Secured Redeemable Non-Convertible Debentures of the face value of Rs.10 Lacs each aggregating lo Rs, 250 Crores were issued and allotted on September 17, 2020 at coupon rate of Three Months T Bill plus 188 bps. These are secured by a first pari-passu charge over some of the moveable properties of the Company, asset cover on June 30, 2021 is 2.62 times. The previous due date of payment of interest of Rs. 3.30 Crores on these debentures was June 17, 2021 and it was paid on time. The next due date for payment of interest of Rs. 3.33 Crores on these debentures is September 17, 2021. The redemption is due on September 16, 2022. These debentures have been assigned "CRISIL AA+" rating by CRISIL.
• fod a Post Surge of second wave of COVID 19 in India and some parts of world, respective government in their countries had taken appropriate lockdown/restrictions measures. These lockdown measures are being lifted in gradual manner in respective geographies, and the Company is monitoring the situation closely. While this had an adverse impact on certain raw material prices, disruption in customer demand and supply chains in some business segments, based on the current estimates, the Company believes that carrying amount of its assets will be recovered and COVID-19 is not likely to have any material impact on its liquidity or ability to service its debt or other obligations. The Company would closely monitor such developments in future and consider their impact on the financial results of the relevant periods.
• The Board at its meeting held today has approved first interim dividend for 2021-22 of Rs. 12 per fully paid up equity share of Rs. 10 each absorbing an aggregate amount of Rs. 71.09 Crores.
• The figures of the quarter ended March 31, 2021 are the balancing figures between the audited figures in respect of full financial year and published unaudited year to date figures upto third quarter of the relevant financial year.

Limited Review :

The Limited Review, as required under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 has been completed by Statutory Auditors.

For and on behalf of the Board

lace : Gurugram Ashish Bharat Ram Date : July 28, 2021 Managing Director Cunt

Pi

BSR&Co. LLP

Chartered Accountants

' 4 Telephone: +91 124 719 1000 BUF Ober cit, Prenat Tower-C, Fax: +91 124 235 8613 Gurugram — 122 002, India

To Board of Directors of SRF Limited

• |. We have reviewed the accompanying Statement of unaudited consolidated financial results of SRF Limited ("the Parent') and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group"), for the quarter ended 30 June 202! ("the Statement"), being submitted by the Parent pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('Listing Regulations').
• 1. This Statement, which is the responsibility of the Parent's management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "/nterim Financial Reporting" ("Ind 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 express a conclusion on the Statement based on our review.
• 1. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the Listing Regulations, to the extent applicable.

• 1. The Statement includes the results of the following entities:
• a) SRF Global BY
• b) SRF Flexipak (South Africa) (Pty) Limited
• c) SRF Industries (Thailand) Limited
• d) SRF Industex Belting (Pty) Limited
• ¢) SRF Europe Kft
• f) SRF Holiday Home Limited
• g) SRF Employees Welfare Trust (controlled trust)
• 1. Attention is drawn to the fact that the figures for the 3 months ended 31 March 2021 as reported in these financial results are the balancing figures between audited figures in respect of the full previous financial year and the published year to date figures up to the third quarter of the previous financial year. The figures up to the end of the third quarter of previous financial year had only been reviewed and not subjected to audit.
• 1. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred to in paragraph 7 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared

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in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

1. We did not review the interim financial information of three subsidiaries included in the Statement, whose interim financial information reflect total revenues of Rs 537.22 crores (before consolidation adjustments), total net profit after tax of Rs 103.86 crores (before consolidation adjustments) and total comprehensive income of Rs 99.84 crores (before consolidation adjustments), for the quarter ended 30 June 2021, as considered in the consolidated unaudited financial results. These interim financial information have been reviewed by other auditors whose reports have been furnished to us by the management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based solely on thereports of the other auditors and the procedures performed by us as stated in paragraph 3 above.

All of these subsidiaries are located outside India whose financial information have been prepared in accordance with accounting principles generally accepted in their respective countries and which have been reviewed by other auditors under generally accepted review standards applicable in their respective countries. The Company's management has converted the financial statements of such subsidiaries located outside India from accounting principles generally accepted in their respective countries to accounting principles generally accepted in India. We have reviewed these conversion adjustments made by the Company's management. Our conclusion in so far as it relates to the balances and affairs of such subsidiaries located outside India is based on the report of other auditors and the conversion adjustments prepared by the management of the Company and reviewed by us.

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

1. The Statement includes the interim financial information of three subsidiaries which have not been reviewed, whose interim financial information reflect total revenue of Rs. 1.45 crores (before consolidation adjustments), total net profit after tax of Rs. 0.92 crores (before consolidation adjustments) and total comprehensive income of Rs. 0.92 crores (before consolidation adjustments) for the quarter ended 30 June 2021, as considered in the Statement. According to the information and explanations given to us by the management, these interim financial information are not material to the Group.

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

For BSR & Co. LL Chartered jgetfintants egistration Number: 191248W/W- 100022 Partner Place: Delhi Membership Number: 090075 a Date: 28 July 2021 UDIN: 21090075AAAAAT9956

Tel, No (Regd offiee) : (+9 L-11) 49482870 Fax : (-91-11) 49482900 Registered Office: The Galleria, DLF Mayur Vihar, Unit No. 236 & 237, Second Floor, Mayur Vihar Place, Noida Link Road, Mayur Vihar Phase I Extn, Delhi - 110091

b-mail: info'srf.com Website: www.srf.com CIN L1I8101 DLIS7OPLC005 197

STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2021

	SRF LIMITED Registered Office: The Galleria, DLF Mayur Vihar, Unit No. 236 & 237, Second Floor, Mayur Vihar Place,
	Noida Link Road, Mayur Vihar Phase I Extn, Delhi - 110091 Tel, No (Regd offiee) : (+9 L-11) 49482870 Fax : (-91-11) 49482900
	b-mail: info'srf.com Website: www.srf.com CIN	L1I8101 DLIS7OPLC005 197
	STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2021
			Consolidated		(Rs. in Crores)
S.No.	Particulars	30-Jun-21	Quarter Ended 31-Mar-21	30-Jun-20	Year Ended 31-Mar-21
		(1) Unaudited	(2) Audited	(3) Unaudited	(4) Audited
	Revenue from operations
1	a) Sale of Products b) Other operating Revenues	2678.80 20.60	2589.87 17.78	1613.12 32,03	8295.40 104.64
	Total Revenue from operations 2__ Other income [Total income	2699.40 13.78	2607.65 12.96	1545.15 10.10	8400.04, 54.49
3 4	Expenses a) Cost of materials consumed	2713.18 1293.36	2620.61 1279.38	1555.25	8454.53
	b) Purchases of stock-in-trade c) Changes in inventories of finished goods, work-in-progress and stock in trade	29.41	18.87	682.07 12.10	4027.68: 62.92.
	d) Employee benefits expense	8.97 182.00	5.52 175.31	47.35 137.49	(71.66) 621.40
	e) Finance costs f) Depreciation and amortisation expense	27.47 122.95.	26.15 118.43	43.16 104.02	133.95 453.08
	g) Power and fuel	231.79	209.72	123.27	717.34
	h) Exchange currency fluctuation (gain) / loss i) Other expenses	(7.18} 289.50	(9.06) 284.58	9.09 170.53	(41.86) 909.03
	Total expenses	2178.27 534.91	2108.95 511.66	1329.08 226.17	6841.88 1612.65
5__	{Profit before tax for the period from continuing operations
6	Tax expense related to continuing operations - Tax expense	139.63	130.21	49.30	415.41
	- Tax adjustment related to earlier years 7__ Net Profit after tax for the period from continuing operations	- 395.28	- 381.45	- 176.87	{1.01) 1198.25
8 9	[Profit / (loss) before tax for the period from discontinued operations # _ Tax expense / (benefit) related to discontinued operations #	- -	(0.59) (0.06)	0,25 0.03	(2.73) (2.42)
10 141__	[Net Profit / (loss) after tax for the period from discontinued operations # {Net Profit for the period (7410)	- 395.28	(0.53) 380.92	0.22 177.09	{0.34) 1,197.94
12	[Other Comprehensive Income A Items that will not be reclassified to profit or loss
	(i) Gain / (loss) of defined benefit obligation income tax on item (i) above	{3.05}	(1.18)	2.68	2.68
		4.07	0.51	(0.94)	(0.84)
	B ltems that will be reclassified to profit ar lass (i) Effective portion of gain / (loss) on hedging instruments in a cash flow hedge	(39.02)	42.17	17.34	132.33
	Income tax on item (i) above	13.32:	(14.74)	(6.06)	(46.24)
	(ii) Cost of hedging reserve	(2.81)	3.46	-	3.46
	Income tax on item (ii) above (ili) Exchange differences on transiation of foreign operations	(0.31) 4.13	(0.33) (23.20)	- 28.16	(0.33) 36.44
	13__ Total Other Comprehensive Income for the period	{26.67)	6.69	41.18	127.50
15	14__ Total Comprehensive Income for the period {Paid up equity share capital (Rs.10 each fully paid up)	368.61 \$9.25	387.61 69.25	218.27 57.48	1325.44) 59.25
16	Other equity excluding revaluation reserve				8796.16;
17 18	[Basic and Diluted EPS for the periad from continuing operations (not annualised) Basic and Diluted EPS for the period fram discontinued operations (not annualised)	66.72 -	64.39 (0.09)	30.77 0.04	205.59 (0.05)
49	Basic and Diluted EPS for the period from continuing and discontinued operations (not annualised)	66.72	64.30.	30.81	205.54

Refer Notes 3

2 we

QO SRF LIMITED

STATEMENT OF CONSOLIDATED UNAUDITED SEGMENT INFORMATION FOR THE QUARTER ENDED JUNE 30, 2021

SRF LIMITED QO SRF
Registered Office: The Galleria. DLF Mayur Vihar. Unit No. 236 & 237. Second Floor. Mayur Vihar Place. Noida Link Road. Mayur Vihar Phase Extn. Delhi - 110091 Tel. No (Regd office) : (+9 1-11) 49482870 Fax : (491-11) 49482900
E-mail: info@srf.com Website: www.srf.com CIN ~1.18101D1,1970PLC005 197 STATEMENT OF CONSOLIDATED UNAUDITED SEGMENT INFORMATION FOR THE QUARTER ENDED JUNE 30, 2021
	(Rs. In Crores)
		Consolidated
Particulars	30-Jun-21	Quarter Ended 31-Mar-21	30-Jun-20	Year Ended 31-Mar-21
	(1) Unaudited	Qj Audited	@) Unaudited	@ Audited
Segment Revenue a) Technical Textiles Business (TTB)	492.93	400.59	140.44	1240.11
b) Chemicals Business (CB) ¢) Packaging Film Business (PFB) d) Others	1113.66. 1041.28 53.64]	1152.60 979.52 77.66	705.22 677.35 23.70:	3644 89 3291.72 232.02
Total Segment Revenue from continuing operations Less: Inter Segment Revenue	2701.51 2.11	2610.37 2.72	1546.71 1,56	8408.74 8.70:
Revenue from Operations from continuing operations Segment Results	2699.40	2607.65	1845.15	8400.04
(Profit before Interest and Tax from each Segment) a) Technical Textites Business (TTB)	133.68	72.79	(14.02)	176.90
b) Chemicals Business (CB) c) Packaging Film Business (PFB)	222.29 236.78	275.20 218.58	88.56 220.74	728.14 897 87
d) Others Total Segment Results from continuing operations	1.90 594.65	877 575.34	(0.28) 295.00	25.59. 1,828.50)
Less/(Add): i) Finance Costs	27,47	26.15	43.16	133.95
ii) Other Unallocable Expenses (Net of Income) Profit before tax for the period from continuing operations	32.27 534.91	37.53 511.66	25.67 226.17	81.90 1612.65
Profit / (loss) before tax for the period from discontinued operations # Total Profit before tax for the period	- 534.94	{0.59) 511.07	0.25 226.42	{2.73) 1609.92
Segment Assets
a) Technica! Textiles Business (TTB) b) Chemicals Business (CB)	1751.07 5972.41	1582.16] 5741.97	1343.57 \$297.13	1582.16 5741.97:
c) Packaging Film Business (PFB) d) Others	4891.89 181.45	4543.33 171.97	3838.05. 180.46	4543.33 171.97
Total segment assets e) Unallocable	12796.82 956.03	12039.43 889.98	10659.21 924.55)	12039.43: 889.98
Total	13752.85	42929.41	11583.76	12929.441
Segment Liabilities a) Technical Textiles Business (TTB)	431.16]	337.74	168.63:	337.14
b) Chemicais Business (CB) ¢) Packaging Film Business (PFB)	810.54 1222.11	710.22 1117.90	566.40 618.60:	710.22: 1117.90
d) Others Total segment liabilities e) Unaliocable	19.65 2483.46 4044.02	32.85 2198.11 3874.88	22.54 1367.17 5064.74	32.85 2198.11 3874.88

Refer Notes 3

NOTES TO CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2021

• The above results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on July 28, 2021. The review report of the Statutory Auditors is being filed with BSE and National Stock Exchange. For more details on the consolidated results, visit Investors section of our website at www.srf.com and financial results at Corporates section of www.nseindia.com und www.bseindia.com.
• These financial results of the Group have been prepared in accordance with the Indian Accounting Standards ("Ind AS") as prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and the other accounting principles gencrally accepted in India.
• SRF Industries (Thailand) Limited closed its Technical Textiles Business operations located at Rayong, Thailand w.e.f. October 21, 2019. The financial information of the said business has been classified as Discontinued Operations as per the requirements of Ind AS 105 "Non -current assets held for sale and discontinued operations". The particulars of said discontinued operations are as under:

	SRF LIMITED
	Registered Office: The Galleria, DLF Mayur Vihar. Unit No. 236 & 237, Second Floor, Mayur Vihar Place, Noida Link Road, Mayur Vihar Phase Extn, Delhi - 110094 Tel. No (Read office) : (91-11) 49482870 Fax : (¢91-11) 49482900
	E-mail: inlo@srt.com Website: www.srf.com CIN -L18101DL1970PLC005 197
	NOTES TO CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2021
	The above results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on July 28, 2021. The review report of the Statutory Auditors is being filed with BSE and National Stock Exchange. For more details on the consolidated results, visit Investors section of our website at www.srf.com and financial results at Corporates section of www.nseindia.com und www.bseindia.com.
	These financial results of the Group have been prepared in accordance with the Indian Accounting Standards ("Ind AS") as prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and the other accounting principles gencrally accepted in India.
	SRF Industries (Thailand) Limited closed its Technical Textiles Business operations located at Rayong, Thailand w.e.f. October 21, 2019. The financial information of the said business has been classified as Discontinued Operations as per the requirements of Ind AS 105 - "Non -current assets held for sale and discontinued operations". The particulars of said discontinued operations are as under:
					(Rs. in Crores)
S.no	Particulars		eC Quarler Ended		____; Year Ended
(a)	Total income	30-Jun-21	31-Mar-21 30-Jun-20		31-Mar-21
(b)	Total expenses	-	0.52 i	4.49 4.24	8.47 11.20
{c)	Profit / (loss) before tax from discontinued operations (a-b)	-	(0.59)	0.25	(2.73)
(d)	Tax expense / (benefit) related to discontinued operations	-	(0.06)	0.03	(0.28)
(e)	Tax adjustment related to earlier years for discontinued operations.	-	-	-	(2.14)
A}	Net Profit / (loss) after tax from discontinued operations (c-d-c )	-	(0.53)	0.22	(0.31)

• Ww we Secured Redeemable Non-Convertible Debentures of the face value of Rs.10 Lacs each aggregating to Rs. 250 Crores were issued and allotted on September 17, 2020 at coupon rate of Three Months T Bill plus 188 bps. These are secured by a first pari-passu charge over some of the moveable properties of the Company, asset cover as on June 30, 2021 is 2.62 times. The previous due date of payment of interest of Rs. 3.30 Crores on these Debentures was June 17, 2021 and it was paid on time. The next due date for payment of interest of Rs. 3.33 Crorcs on these debentures is September 17, 2021. The redemption is due on September 16, 2022. These debentures have been assigned "CRISIL AA" rating by CRISIL.
• Post Surge of second wave of COVID 19 in India and some parts of world, respective government in their countries had taken appropriate lockdown/restrictions measures. These lockdown measures are being lifted in gradual manner in respective geographies, and the company is monitoring the situation closely, While this had an adverse impact on certain raw material prices, disruption in customer demand and supply chains in some business segments, based on the current estimates, the Company believes thal carrying amount of its assets will be recovered and COVID-19 is not likely to have any material impact on its liquidity or ability to service its debt or other obligations. The Company would closely monitor such developments in future and consider their impact on the financial results of the relevant periods.\
• 'The Board at its meeting held today had approved first interim dividend for 2021-22 of Rs, 12 per fully paid up equity share of Rs. 10 each absorbing an aggregate amount of Rs.71.09 Crores.
• The figures for the quarter ended March 31, 2021 are the balancing figures between the audited figures in respect of full financial year and published unaudited year to date figures upto third quarter of relevant financial! year,

Limited Review :

The Limited Review, as required under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 has been completed by the Statutory Auditors.

For and ompbehalf of the Board Ashish Bharat Ram Managing Director Place: Gurugram Date : July 28, 2021 RN

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