STL Global Ltd — Annual Report 2021

Jun 30, 2021

STL GLOBAL LIMITED

Plot No. 207-208, Sector-58, Faridabad Haryana (INDIA) Tel : 0129-4275900 - 4275930, Fax : 0129-4275999 E-mail : info@stlglobal.com Website : mw.stlglobal.com CIN : L51909DLl997PLC088667

Date: 30" June, 2021

Fmm: Sn Global Limited Scrip Code: SOL

* TO

Lkting Compliance Deparbnent, National Stock Exchange of India Limited, Exchange Plaza, GI, Black-G, Bandra Kurla Complex, Bpndra (East). Mumbal - 400 Ml, MH

Sub: Submbrbn of Outcome ofthe Board Moetina and Audited Financial Rmults abfm with Auditor's Report and decbntkn for ~uiilt Report with Unmodilied Oplnbn fo; the quarter and financial year ended on March 31,2021

Dear Sir/Madam,

With reference to above captioned subject, we hereby inform the Stock Exchange that in the Meeting of the Board of Diredors ofthe Company held on Wednesday the 30n day of June. 2021 at 11:OO A.M. at the Corpomte Omce of the Company at Plot No.207-208, Sedor-58. Faridabad, Halyana-121004, the Board has:

• 1. Approved and adopted the Audii Financial Results of the Company as per Schedule Ill of the Commies Act. 2013 and Regulation 33 of SEBl (Listing Obligations & Disclosure ~equiremeks) Regulations, 2015 asamended from time to ti& alotig with Statement of Assets & Liabilities and Cash Flow Statement for the quarter and financial year ended on March 31,2021.
• 1. Approved and adopted the Audiis Report and declaration for Audii Report with Unmodii Opinion for the quarter and financial year ended on March 31.2021.

The meeting of the Buard of Diredors conduded at 02:W P.M.

Kindly take the above infordon on your record and acknowledge receipt of the same.

Thanking you,

Yours truly, For sn GLOBAL LIMITED

DIN: 00227251

Enck

(9 Audited Financial Results along with Statement of Assets and Llabllitier and Cash Flow Statement forthe qwrbr and financial year ended on March 31,2021

(I9 Auditor's Report for the quarter and financial year ended on March 31,2021

(119 Deciaradion for Audit Report with Unmodilkd Opinion

STL GLOBAL LIMITED

CIN: L51909DL1997PLC088667

Regd. Off. Unit No.111, Block No.1, First Floor, Tribhuwan Complex, Ishwar Nagar, New Delhi-110065STATEMENT OF AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31,03.2021

SI.	Particulars	Quarter Ended			(Rs. in lakhs)Year Ended
No.		31.03.2021	31.12.2020	31.03.2020	31.03.2021	31.03.2020
		(Audited)	(Unaudited)	(Audited)	(Audited)	(Audited)
Ł	Revenue from Operations	2,498.98	2,483.01	2,144.98	7,233.15	9,240.63
Ħ	Other Income	3.70	0.69	(109.22)	27.82	28.21
Ш	Total Revenue (net )( I+II)	2,502.68	2,483.70	2,035.76	7,260.97	9,268.84
$\mathsf{IV}$	Expenses:a) Cost of materials consumed	1,583.83	1,632.90	1,408.61	4,935.73	6,383.70
	b) Changes in inventories of finished goods, work-in-progress and stock-in-trade	52.92	28.13	178.23	13.65	320.15
	c) Employee benefits expenses	175.04	145,89	182.29	481.70	593.58
	d) Finance costs	19.63	12,80	29.84	53,80	84.31
	e) Depreciation and amortisation expense	35,64	33,50	44.88	136,36	171.11
	f) Power & fuel	302.44	240.84	190.85	731.14	874.28
	g) Other Expenditure	216.26	266.65	240.52	749,55	798.20
	Total Expenses	2,385.76	2,360.71	2,275.22	7,101.93	9,225.32
V	Profit/(Loss) before Exceptional Items and tax (III-IV)	116.91	122.99	(239, 46)	159.03	43.52
VI	Exceptional Items - Expenses/ (Income)	(3,581,46)		(2,444.23)	(3,581,46)	(2, 444.23)
VII	Profit/(Loss) before tax (V-VI)	3,698.37	122.99	2,204.77	3,740.49	2,487.75
	VIII Less: Tax Expense(1) Current tax with Tax adjustment for earlier years(2) Deferred tax		m.
IX	Profit/(Loss) after tax (VII-VIII)	3,698.37	122.99	2,204,77	3,740,49	2,487.75
X	Other Compheresive Income (Loss)	¥	S.	۰	$\omega$
A	(i) Items that will not be re-classified to profit or loss	7.43	×.	٠	7.43
	(ii) Income tax relating to items that will not be re-classified to profit or loss	ä.	$\blacksquare$	$\overline{a}$	$\bullet$
XI	Total comprehensive Income For the period (IX+X)	3,705.80	122.99	2,204.77	3,747.92	2,487.75
XII	Earning/(Loss) Per Equity Share (of Rs. 10/-each)
	(a) Basic EPS (not annualised)	13.73	0.46	8.17	13.89	9.22
	(b) Diluted EPS (not annualised)	13.73	0.46	8.17	13.89	9.22

					(Rs. in lakhs)
SI.	Particulars	Quarter Ended			Year Ended
No.		31,03,2021	31, 12, 2020	31.03.2020	31.03.2021	31,03,2020
		(Audited)	(Unaudited)	(Audited)	(Audited)	(Audited)
1	Segment Revenue
	a) Segment A- Textile Business	2,498.98	2,483.01	2,144.98	7,233.15	9,240.63
	b) Segment B-Real Estate Business
	c) Unallocated
	Total	2,498.98	2,483.01	2,144.98	7,233.15	9,240.63
	Less: Inter Segment Revenue		ie.	ü.	ц.
	Net Sales/Income from operations	2,498.98	2,483.01	2,144.98	7,233.15	9,240.63
	2 Segment Results- Profit(+) /Loss(-) before tax and interest
	a) Segment A- Textile Business	136.55	135.79	(84.58)	212.84	127,82
	b) Segment B-Real Estate Business			(125.04)
	c) Unallocated (Exceptional Items)	3,581,46		2,444.23	3,581,46	2,444,23
	Total	3,718.01	135.79	2,234.61	3,794.30	2,572.05
	Less: i) Interest	19.63	12.80	29.84	53.80	84.31
	Total profit before tax	3,698.37	122.99	2,204.77	3,740.49	2,487.75
	3 Segment Assets
	a) Segment A- Textile Business	4,883.68	5,078.37	5,086.87	4,883.68	5,086.87
	b) Segment B- Real Estate Business	4,253.37	4,253.37	4,253.37	4,253.37	4,253.37
	c) Unallocated
	Total	9,137.05	9,331.74	9,340.24	9,137.05	9,340,24
	4 Segment Liabilities
	a) Segment A- Textile Business	6,555.80	10,456.29	10,506.91	6,555.80	10,506,91
	b) Segment B- Real Estate Businessc) Unallocated
	Total
	5 Capital employed	6,555.80	10,456.29	10,506.91	6,555.80	10,506.91
	(Segment assets-Segment liabilities)
	a) Segment A- Textile Business	(1,672,12)	(5,377.92)
				(5,420.04)	(1,672.12)	(5,420.04)
	b) Segment B- Real Estate Business	4,253.37	4,253.37	4,253.37	4,253.37	4,253.37
	c) Unallocated
	Total	2,581.25	(1, 124.55)	(1, 166.67)	2,581.25	(1, 166.67)

Page 1 of 3 Moray

	STATEMENT OF ASSETS & LIABILITIES		(Rs. in Lakhs)
SI.	Particulars	Year Ended
No.		31.03.2021(Audited)	31.03.2020(Audited)
ŧ	ASSETS
	1 Non-current assets
	(a) Property, plant and equipment	1,791.74	1,896,24
	(b) Financial assets
	- Investments	106.89	1.26
	- other financial Assets	71.47	50.81
	(c) Non-current tax assets	329.36	409.37
	(c) Other Non-current assets
	Total Non-current Assets	2,299.47	2,357.68
	2 Current assets
	(b) Inventories	904.62	958.11
	(b) Financial assets
	- Trade receivables	5,619.75	5,841.76
	- Cash and cash equivalents	141.06	55.78
	- Other financial assets	4.64	3.12
	(c) Other Current assets	167.52	123,80
	Total Assets	6,837.58	6,982.56
	TOTAL ASSETS	9,137.05	9,340.24
H.	EQUITY AND LIABILITIES
	1 Equity
	(a) Equity share capital	2.722.18	2,722.18
	(b) Other equity	(140.93)	(3,888.85)
	Total Equity	2,581.25	(1, 166, 67)
	2 Non-current liabilities
	(a) Financial liabilities
	-Borrowings	4,211.31	4,816,16
	-Other Financial liabilities		2,943.78
	(b) Other Non- current liabilities	52.73	46.29
	(c) Deffered tax liabilities (Net)
	Sub-total - Non-current liabilities	4,264.04	7,806.23
	3 Current liabilities
	(a) Financial liabilities
	- Trade payables	1,237.78	1,611.20
	- Other financial liabilities	850.00	1,000.00
	(b) Other current liabilities	194.87	78.05
	(c) Provisions	9.11	11.43
	Sub-total - Current liabilities	2,291.76	2,700.68
	TOTAL - EQUITY AND LIABILITIES	9,137,05	9,340.24

Notes:1. The above audited financial results have been reviewed by the Audit committee and taken on record and approved by the Board of Directors at the meeting held on Wednesday i.e. 30th June, 2021.

2 Exceptional items includes reversal of provision of interest and Bank liability settled bank borrowings.

$\overline{\mathbf{3}}$ The figure for the quarter ended March 31,2021 and March 31,2020 are the balancing figure between the audited figures in respect of the full financial year and published un-audited year to date figures upto the third quarter of the respective financial year.

4 Previous year/period figures have been re-grouped or re-arranged, wherever considered necessary.

5 No provision for deffered tax assets has been provided during the quarter by the Company, as there is no certainity that there will sufficient future taxable income to realise such assets.

6 Paid up equity shares Capital includes of 26990915 fully paid up shares and 461765 partly paid up Equity Shares @Rs.5/each.

7 The EPS has been calculated on fully paid-up equity shares.

Place: Faridabad Dated: 30.06.2021

DBA For and on behalf of the Boa Sanjiy Kun ar Agarwal Director

Page 2 of 3

AUDITED STANDALONE CASHFLOW STATEMENT FOR THE YEAR ENDED 31st MARCH-2021

	(Rs. in Lakhs)
Particulars	Year Ended	Year Ended
	31.03.2021	31.03.2020
	Audited	Audited
A. Cash flow from operating activities
Profit hefore tax	3740.49	2487.75
Adjustments for non cash/Non trade items:
Depreciation and amortization	136,36	171.11
Allowance for doubtful debt and advances	4.91	28,33
Reversal of Provision of Interest and Bank Liability	(3581, 46)	(2444.23)
(Profit) / loss on sale of property, plant and equipment (net)	8.08	5.25
Financial costs	53.80	84.31
Interest and other Income	(9.49)	(28.21)
Provision for employee Benefit	6.45	7.27
Operating profit / (loss) before working capital changes	359.14	311.58
Adjusted For:
(Increase)/ Decrease in Inventories	53.49	373.73
(Increase)/ Decrease in Trade Receivable	217.10	(372.47)
(Increase)/ Decrease in other financial Assets	(1.52)	4.50
(Increase/Decrease in other current Assets	(43.71)	17.57
Increase/(Decrease) in Trade Payable	(373.42)	87.83
Increase/(Decrease) in Other Financial liabilities	(150.00)	539.05
Increase/(Decrease) in Other Current Liabilities	116.82	(14.24)
Increase/(Decrease) in Provisions	(2.31)	1.87
Cash generated from Operations	175.58	949.42
Net income tax (paid) / refunds	0.00	0.00
Net cash flow from / (used in) operating activities (A)	175,58	949.42
B. Cash flow from investing activities
Purchase of property, plant and equitment	(43.55)	(24.13)
Purchase of Investment	(98.20)	0.00
Proceeds from sale of property, plant and equipment	3.60	1.52
Interest received	9.49	28,21
Movement in Tax Assets	80.01	9.59
Movement in Other Financial Assets	(20.67)	(34, 90)
Net cash flow from / (used in) investing activities (B)	(69.32)	(19.71)
C. Cash flow from financing activities
Movement in long-term borrowings	32.83	(936.11)
Finance cost	(53.80)	(84.31)
Net cash flow from / (used in) financing activities (C)	(20.98)	(1020.42)
Net increase / (decrease) in Cash and cash	85,29	(90.71)
equivalents (A+B+C)
Cash and cash equivalents at the beginning of the year	55.78	146.49
Cash and cash equivalents at the end of the year	141.06	55.78

Place: FaridabadDated: 30,06,2021

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For and on behalf of the Board of Directors My CampiDinjiy Kumar Agarwal ഗ $\star$

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Auditor's Re~ort on Quarter and vear ended Financlal Result of the Comoanv pursuant to the Reaulation 33 of the SEBI (Llstlna Obliiations B Dbclosure Reaulrementsl Reaulations. 2014

To The Board of Directom of STL Global Umfted

We have audited the accompanying Financial Results of STL GLOBAL LIMITED ("the Company") for the quarter 8 year ended on March 31,2021 attached herewith, being submitted by the company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. These quarterly financial results as well as the year to date financial results have been prepared on the basis of the interim financial statements, which are the responsibility of the company's management. Our responsibility is to express an opin~on on these financial results based on our audit of such interim financial statements, which have been prepared in accordance with the recognition and measurement principles laid down in Accounting Standard for Interim Financial Reporting #ND 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.

We conducted our audit in accordance with the auditing standards generally accepted in lndia. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial results are free of material misstatement(s). An audit includes examining, on a test basis, evidence supporting the amounts disclosed as financial results. An audit also includes assessing the accounting principles used and significant estimates made by management. We believe that our audit provides a reasonable basis for our opinion.

In our opinion and to the best of our information and according to the explanations given to us these quarterly financial results as well as the year to date results:

• i. are presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 in this regard; and
• ii. give a true and fair view of the net profit/(loss) and other financial information for the quarter and year ended on March 31,2021.

For Vishnu Aggarwal Associates Memb. No. 086573

Place: Delhi Date: 30m June, 2021

STL GLOBAL LIMITED

Plot No. 207-208, Sedor-58, Faridabad Haryana (INDIA) Tel : 0129-4275900 - 4275930, Fax : 0129-4275999 E-mail : info@stlglobal.com Websiie : wmn.sU-global.com CIN : L51909DLl997PLC088667

Date: 30" June, 2021

Fmm: STL Global Umited f Scrip Code: SOL

To

Lbting Complhncs Department, National Stock Exchan@a oflndb Limited, Exchange Plaza. GI, Block-G, Bandra Kuth Complex, Bandra (East), Mumbai -400 051, MH

• Sub: Declaration in mpect of Audit Report with UnmodiRed Opinbn for the Audited Flnanckl Result for the year ended on March 31.2021

Dear SirMadarn,

Whth reference to the above captioned subject, we hereby -re that the Statutory Auditors of the Company. MIS Vishnu Aggatwel Associates, Chartered Accountants (Firm Registration No. 007231C), have issued the Audil Report with lJmmdbd opinion in resped d the Audited Financial Results for the financial year ended on March 31.2021.

Kindly take the above i-on on your record and acknowledge receipt.

Thanking you,

Yours trulv. For STL GLOBAL UMI