STL Global Ltd — Interim / Quarterly Report 2019

Nov 14, 2018

Plot No. 207-208, Sector-58, Faridabad Haryana (INDIA) Tel. : 01294275900 - -... -4275930. . -. . . -. .Far . -. : .01294275999 - . -- . - . - - - - E-mail : info@stlgIobal.com Website : w.stlglobal.com CIN : L51908DL1997PLCO88887

Date: 14.11.2018

From: STL Global Limited Scrip Code: SGL

To Listing Compliance Department National Stock Exchange of India Limited (NSE), Exchange Plaza, Cl, Black-G, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051, MH

Sub: Outcome of the Board Meeting and submission of Unaudited Financial Rerub and Statement of Assets & Uabllltk. akng with Limited Review Report for the guarbr and half year ended on September 30.2018

Dear SirIMadam,

Wh reference to above captioned subject, we hereby inform the Stock Exchange that in the Meeting of Board of Directors of the Company held on Wednesday the 14m day of November 2018 at the Corporate Office ofthe Company at Plot No.207-208, Sector-58, FaridaW121004, HR at 1l:OO A.M. the Board has:

• 1. Taken on remrd and apprwed the Unaudited Financial Results and Unaudited 'Statement of Assets and Liabilities" of the Company prepared as per Schedule Ill of the Companies Ad, 2013 and lnd-AS and pursuant to Regulation 33 of the SEBl (Listing Obligations & Disure Requirements) Regulations, 2015 for the quarter and half-year ended on 30m September 2018.
• 1. Took note of the Limited Review Report given by the Statutory Auditors of the Company on Unaudited Financial Results of the Company for the quarter and hatf-year ended on 30m September 2018.

The meeting of the Board of Directors conduded at WlO P.M.

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

Thanking you,

Yours truly,

(Chairman & Managing Director)

Encl:

• (i) Unaudited Financial Results and Statement of Assets & Liabili for the quarter & half year ended on 30m September, 2018.
• (ii) Limited Review Report (LRR) for the quarter & half-year ended on 30m September, 2018

STL GLOBAL LIMITED

CIN: L51909DL1997PLC088667

Regd. Off. Unit No.111, Block No.1, First Floor, Tribhuwan Complex, Ishwar Nagar, New Delhi-110065STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30.09.2018

	PARTI	(Rs. in lakhs)
SI.	Particulars		Quarter Ended		Half Year Ended	Year Ended
No.		30.09.2018	30.06.2018	30.09.2017	30.09.2018	30.09.2017	31.03.2018
		(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
п	Revenue from Operations	2,665,33	2,342.78	1,671,51	5,008.11	3,617,68	10,450,71
$\mathbf{H}$	Other Income		٠				36.83
$\overline{H}$	Total Revenue (net )( I+II)	2,665,33	2,342.78	1,671,51	5,008.11	3,617,68	10,487.54
IV	Expenses:
	a) Cost of materials consumed	1,867.52	1,616,34	1.251.42	3,483,86	2,579.66	6,331.75
	b) Changes in inventories of finished goods, work-in-progressand stock-in-trade	187.40	86.85	(143.43)	274.25	(166.39)	(60.60)
	c) Employee benefits expenses	140.71	116.11	131.32	256,82	243.34	489.21
	d) Finance costs	26.87	27.90	7.21	54.77	13.36	38.37
	e) Depreciation and amortisation expense	55.94	55.33	71.56	111.27	142.34	285.75
	f) Power & fuel	225.81	267.95	199.35	493.76	471.22	964.96
	g) Other Expenditure	139.35	158,13	141.92	297,48	292.53	784.80
	Total Expenses	2,643.58	2,328.62	1,669.34	4,972.20	3,576.05	8,834.33
v	Profit/(Loss) before Exceptional Items and tax (III-IV)	21.75	14.16	12.17	35.91	41.63	1,663.21
VI	Exceptional Items - Expenses/ (Income)						(1,484.81)
VII	Profit/(Loss) before tax (V-VI)	21.75	14.16	12.17	35.91	41.63	3,138.02
VIII	Less: Tax Expense(1) Current tax with Tax adjustment for earlier years(2) Deferred tax	l,	٠	٠		٠	54.15
1 ×	Profit/(Loss) after tax (VII-VIII)	21.75	14.16	12.17	35.91	41.63	3,083.87
$\mathbf x$	Other Compheresive Income (Loss)	۰	٠	٠	٠	۰
А	(i) Items that will not be re-classified to profit or loss	$\blacksquare$	۰	۰	×.	۰	٠
	(ii) Income tax relating to items that will not be re-classified toprofit or loss	×	$\blacksquare$	٠	×	$\blacksquare$
$x_1$	Total comprehensive Income For the period (IX+X)	21.75	14.16	12.17	35,91	41.63	3,083.87
XII	Earning/(Loss) Per Equity Share (of Rs. 10/-each)(a) Basic EPS (not annualised)	0.08	0.05	0.05	0.13	0.15	11.43
	(b) Diluted EPS (not annualised)	0.08	0.05	0.06	0.13	0.16	11.43
	SEGMENTWISE REVENUE , RESULTS AND CAPITAL EMPLOYED AS ON 30,09,2018

		(Rs. in lakhs)
SI.No.	Particulars	Quarter Ended			Half Year Ended		Year Ended
		30.09.2018	30,06,2018	30,09,2017	30,09,2018	30.09.2017	31,03,2018
		(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
	Segment Revenue
	a) Segment A- Textile Business	2,665.33	2,342.78	1,611.51	5,008.11	3,532.68	8,642.47
	b) Segment B- Real Estate Business			60.00		85.00	1,808.24
	c) Unallocated
	Total	2,666.33	2,342.78	1,671.51	5,008.11	3,617.68	10,450.71
	Less: Inter Segment Revenue
	Net Sales/ Income from operations	2,665.33	2,342.78	1,671.51	5,008.11	3,617.68	10,450.71
	2 Segment Results- Profit(+) /Loss(-) before tax and interest
	a) Segment A- Textile Business	48.62	42.06	(39.95)	90.68	(29.06)	(96.48)
	STATISTICSb) Segment B-Real Estate Business			59.33		84.05	1,788.06
	c) Unallocated (Exceptional Items)	۰	٠				1,484.81
	Total	48,62	42.06	19,38	90.68	54.99	3,176,39
	Less: i) Interest	26.87	27.90	7.21	54.77	13.36	38.37
	Total profit before tax	21.75	14,16	12.17	35,91	41,63	3,138,02
	3 Segment Assets
	a) Segment A- Textile Business	5,377.65	5,662,67	7,526.47	5,377.65	7,526.47	5,857,74
	b) Segment B-Real Estate Business	741.81	741.81	1,080.81	741.81	1,080.81	741.81
	c) Unallocated
	Total	6,119.46	6,404.48	8,607.28	6,119.46	8,607.28	6,699.55
	Segment Liabilities
	a) Segment A- Textile Business	13,368.79	13,675.55	16,841.81	13,368.79	16,841.81	13,884.79
	b) Segment B-Real Estate Business
	c) Unallocated
	Total	13,368.79	13,675,55	16,841,81	13,368,79	15,841.81	13,884.79

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5 Capital employed
	(Segment assets-Segment liabilities)
	a) Segment A- Textile Business	(7, 991, 14)	(8,012,88)	(9, 315, 34)	(7, 991, 14)	(9,315,34)	(8,027.05)
c) Unallocated	b) Segment B-Real Estate Business	741.81	741.81	1,080.81	741.81	1,080.81	741.81
Total
8	STATEMENT OF ASSETS & LIABILITIES	(7, 249.33)	(7, 271.07)	(8, 234.63)	(7, 249.33)	(8, 234.53)	(7, 285.24)
SI.Particulars			(Rs. in Lakhs)
No.		Year Ended30.09.2018
		(Unaudited)	31.03.2018(Audited)
ASSETSт
	Non-current assets
	(a) Property, plant and equipment	1,957.89	2,055.03
	(b) Financial assets
	- Investments	1.26	1.26
	- other financial Assets	16,51	16,51
	(c) Non-current tax assets	229.15	220.84
	(c) Other Non- current assets	۰.
	Total Non-current Assets	2,204.81	2,293.64
2 Current assets
(b) Inventories		1,889.70	2,140.44
	(b) Financial assets
	- Trade receivables	1,865,88	1,951.93
	- Cash and cash equivalents	14.76	19.51
	- Other financial assets	6.92	5.52
	(c) Other Current assets	137,40	187,51
	Total Assets	3,914.66	4,305.91
	TOTAL ASSETS	6,119.46	6,599.55
H.	EQUITY AND LIABILITIES
1 Equity
	(a) Equity share capital	2,722.18	2,722.18
	(b) Other equity	(9, 971, 51)	(10,007,42)
	Total Equity	(7, 249.33)	(7, 285.24)
	2 Non-current liabilities
	(a) Financial liabilities
	-Borrowings	8,272.75	8,504.12
	-Other Financial liabilities	3,310,33	3,310.33
	(b) Other Non- current liabilities	33.56	33.56
	(c) Deffered tax liabilities (Net)	$\overline{\phantom{a}}$
	Sub-total - Non-current liabilities	11,616.64	11,848.01
3 Current liabilities
	(a) Financial liabilities
	- Trade payables	1,284.22	1,643.67
	- Other financial liabilities	380.48	300.00
	(b) Other current liabilities	87.47	84,45
(c) Provisions			8.67
	Sub-total - Current liabilities	1,752.16	2,036.78
	TOTAL - EQUITY AND LIABILITIES	6,119.46	6,599.55

Notes:

1. The above 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. 14th Nov, 2018.

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

3 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.

4 Paid up equity shares Capital includes of 26990916 fully paid up shares and 461765 partly paid up Equity Shares @Rs.S/each.

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

Place: Faridabad Dated: 14.11.2018

For and on behalf of the Board of Directors Sh. Vishal Aggarwal Managing Director

Page 2 of 2

VISHNU AGGARWAL ASSOCIATES CHARTERED ACCOUNTANTS C.A. V.B. Aggarwal, B. Com (H), F.C.A. 1/184, Naya Bazar, V.P.O. Baraut, Baghpat, Uttar Pradesh - 250611 G-30/165, Sector-3, Rohini, Delhi - 110085

AUDITORS LIMITED REVIEW REPORT (LRR) TO THE MEMBERS OF THE COMPANY

We have reviewed the accompanying statement of Unaudited Financial Results of M/s STL Global Limitedfor the guarantee and for the quarter and half year ended on 30th September, 2018 prepared in accordance with the recognition and measurement and half year ended on 30th September, 2018 prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting (Ind. AS 34) prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of Companies (Indian Accounting Standard) Rules, 2015 read with Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 also read with SEBI Circular No. CIR/CFD/FAC/62/2016 dated July 5. 2016. This statement is the responsibility of the Company's Management and has been approved by the Board of Directors. Our responsibility is to issue a report on these financial statements based on our review.

We conducted our review in accordance with the Standard on Review Engagement (SRE) 2400, Engagements to Review Financial Statements issued by the Institute of Chartered Accountants of India (ICAI). This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express 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 financial results prepared in accordance with applicable Indian Accounting Standards (Ind AS) and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/FAC/62/2016 dated July 5, 2016 including the manner in which it is to be disclosed, or that it contains any material misstatement.

For Vishnu Aggarwal Associates (Chartered Accountants)

Vishnu Aggarwal (Proprietor) Mem. No. 086573

Place: Delhi Date: 14.11.2018