Superhouse limited — Annual Report 2021

Jun 25, 2021

Superhouse Limited

[A Government of India recognized Export Trading House) Regd. Office: 150 Feet Road, Jajmau, Kanpur-208010 (lndiaJ CIN: 124231UP1980P1C004910 email: share@superhouse.in urli http://www,superhouse.in

SHL/FR/202I

256 Jlitrte,2o2l

The Stock Exchange,Mumbai, Phiroze Jeej eebhoy Towers Dalal Street, MUMBAI-4OOOOi

National Stock Exchange of India Limited, Exchange Plaza, Bandra Kurla Complex, Bandra (East) MUMBAI.4OOO51

Script Code: 523283

Scrip Code: SUPERHOUSE

Sub:- Submission f alone and Consolid udited Financial Its for the uart r and vear ended 31 March. 2021 and DecIaration of Dividend.

Dear Sir,

Pursuant to regulation 30 and regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Regulations) Regulations, 2015 we have to submit as under:-

• l. At the meeting of board of directors of the company held on Friday the 25,h June, 2021 the Standalone and Consolidated Audited Financial Results of the company for the quarter and year ended March ,31,2021, as recommended by the Audit Commiftee, were approved.
• 1. The board of directors at its meeting recommended the dividend ofRs. 1/- per share ( i.c. l0%) on the equity shares (face value Rs. l0/- each) of tlie company for rhe financial year 2020-2L.
• 1. The undermentioned documents are attached herewith for vour records:
  • a. Audited Standalone and Consolidated Financial Results, Segment wise Revenue, Results, Assets and Liabilities for the quarter and year ended 3l't March, 2021, and Statement of Assets and Liabilities of the company for the year ended 3l't March, 2021.
  • b. Auditor' Reporl with unmodified opinion on Audited Financial Results- Standalole and Consolidated.
  • c. Declaration on unmodified opinion on Auditor's Report.

The board meeting was commenced at 2.00 P.M. and concluded at 3.00 P.M.

We request you to take the above on record.

Thanking you,

Yours faithfully, r SUPERHOUSE LIMITED

6LLL, KAGRA

Company S Encl As above

uperhouse Lim ited

Road J a Ka pur ste otfi Feet aJ Reg red 150

su perhous E m a ct N Website: share@suPerhouae.in L24231 UP',l 980PLC00491 0

N o E R E N OED MARC 20 21 L RESU LTS FOR TH E QUART ER DALO NE DITED NANCIA

	STATEMENT OF STANDALONE AUDITED FINANCIAL RECOLLIST OR THE	(Rs. In Lace except earning per share data)
		STANDALONE
S.No.	Particulars		Quarter Ended			Year Ended
		31.03.2021	31.12.2020	31.03.2020	31.03.2021	31.03.2020
		Audited	Unaudited	Audited	Audited	Audited
12	Revenue from operations				43.728.67	49,825,25
	a) Sales/Income from operations	13.543.69	13.384 24	10.007.28	1,667.17	2,211.08
	b) Other Operating Income	57089	341 62	188 31		52,036.33
	Total Revenue from Operation	14,114.58	13,725.86	10,195.59	45,395.84	1,204,33
2.	Other Income	198.51	155.06	256 00	627 10	53,240.66
3.	Total Income (1+2)	14,313.09	13.880.92	10,451.59	46,022.94
4.	Expenses:					25,624.15
	a) Cost of material consumed	6.704.87	7,225.59	4,957.85	22,915.00	2,903.92
	b) Purchase of stock-in-trade	850 78	932 65	506 54	2,569.60
	c) Changes in inventories of finished goods, work in
	progress and stock-in-trade	1,591.13	(8247)	206 62	1,398 75	995 094,014.98
	d) Employee benefits expense	87689	928 27	897 65	3,236 83
	e) Finance Cost	195 42	225 68	270.49	971 14	1,510.16
	f) Depreciation and amortisation expense	342 65	361.29	323.79	1,440 22	1,372 58
	g) Power and Fuel	384 95	372 33	313.97	1,312.31	1,594 33
	h) Other expenses	2.942 07	285191	289920	9 687 19	12,790.42
	Total expenses	13,888.76	12,815.25	10,376.11	43,531.04	50,805.63
5.	Profit before exceptional items and tax (3-4)	424.33	1.065.67	75.48	2,491.90	2,435.03
	Exceptional Items			$\sim$
6.7.	Profit Before Tax (5-6)	424.33	1,065.67	75.48	2,491.90	2,435.03
8.	Tax Expenses:	91.39	277 00	(29.67)	514.25	426 87
	a) Current Tax (Refer note no. 5)	(16.54)	(200)	(98.61)	13,96	(422.07)
	b) Deferred Tax	349.48	790.67	203.76	1,963.69	2,430.23
9.	Net Profit After Tax (7-8)
10 1	Other Comprehensive Income:
	a) Items that will not be re-classified to the Statement of Profit & Loss	2165	33.41	(46 20)	61.51	(53, 10)
	i) Re-measurements of defined employees benefit plans	(5.63)	(8.21)	11.10	(15.99)	13.38
	ii) Deferred tax related on items that will not reclassified
	to profit or loss				¥.
	b) Items that will be re-classified to the Statement of Profit & Loss	16.02	25.20	(35.10)	45.52	(39.72)
	Total Other Comprehensive Income	365.50	815.87	168.66	2,009.21	2,390.51
11.	Total comprehensive income for the period (9+10)
		1,102.50	1,102.50	1,102 50	1,102 50	1,102 50
$\overline{12}$ .	Paid-up equity share capital (face value of Rs. 10/-each)
	Earning per equity share of Rs. 10/- each (Not annualised)	$3\overline{17}$	7.17	1.85	1781	22.04
	a) Basic	3.17	$7 - 17$	185	1781	22.04
	b) Diluted

	Segment wise Revenue, Results, Assets and Liabilities for the Quarter and year ended on 31st March, 2021		Quarter Ended		Year Ended
	Particulars				31.03.2021	31.03.2020
		31.03.2021	31.12.2020	31.03.2020		Audited
		Audited	Unaudited	Audited	Audited
1.	Segment Revenue					44,989.69
	a) Leather & Leather Products	11.343.95	11.842.12	8,604 48	38.159.33
	b) Textile Products	2 969 14	2.038.80	1.847.10	7.863.61	8,250.97
	Total Segment Revenue	14,313.09	13,880.92	10.451.58	46.022.94	53,240.66
	Less: Inter segment revenue
	Income from Operations	14.313.09	13,880.92	10,451.58	46,022.94	53,240.66
$\overline{2}$ .	Segment Results
	(Profit before finance cost and tax)					3,614.52
	a) Leather & Leather Products	368 25	1,077.21	226.72	2.735.61	330.67
	b) Textile Products	251.50	214 14	119.25	727.43
	Total Profit before finance cost and tax	619.75	1,291.35	345.97	3,463.04	3,945.19
	Less: Finance Cost	195 42	225 68	270.49	971.14	1,510.16
	Profit Before Tax	424 33	1.065.67	75,48	2.491.90	2,435.03
13.	Segment Assets
	a) Leather & Leather Products	49,36399	50 914 98	50.679.44	49.36399	50,67944
		8.826 44	8.960 25	9,273,83	8 8 26 44	9,273.83
	b) Textile ProductsTotal	58,190.43	59,875.23	59,953.27	58,190.43	59,953.27
	Segment Liabilities
14.		20,898 40	22.415 22	23.136.37	20.898.40	23, 136, 37
	a) Leather & Leather Products	4,277 24	4.810.71	5,723.12	4.277.24	5,723.12
	b) Textile Products	25,175.64	27.225.93	28,859.49	25,175.64	28,859.49
	Total
5.	Capital Employed
	a) Leather & Leather Products	28.465 59	28,499.76	27.543.07	28.465 59	27,543.07
	b) Textile Products	4 549 20	4.149.54	3.55071	4:549.20	3,55071
	Total	33,014.79	32,649.30	31,093.78	33,014.79	31,093.78

Superhouse Limited

Registerad Otfice : 150 Feel Road, Jajmau, Kanpur.

CIN: L24231UP198OPLCOO491O website: www.superhouse ln Email: share@superhouse ln

	STATEMENT OF COT{SOLIDATED ATJDITE D FINANCIAL RESULTS FOR THE		AND YEAR ENDED 3IST MARCH 2021	R3. ln Laca 6xc6		share d
			CONSOLIDATED
	Particulars	Quarter Ended			Year Ended
S.No.		h1-o!2o21	31.122020	31.03.2020	31.03.202',1	31,03.2020
		I auoitea	Unaudited	Audited	Audited	Audited
	Revenus from operations
	a) Sales/lncome fom operations	15,927.09	15,405.47	11,713.83	52,007.49	58,65615
	b) Othea Operating lncome	570.89	341.62	188.31	1 667.17	21108
	Total R€venue from Operation	16,497.98	15,747,09	11,902.14	53,674.66	60,867.23
2	Other lncome	280.09	158.81	116.93	840.91	1,297.97
3	Totallncome	16,778.07	'15 905.90	,119.07	54,515.57	165.20
4.	Expenses :
	a) Cost of material consumed	6,704.88		4,957.85	22,915.01	25,624.15
	b) Purchase of stock-in{rade	2 596.83	2 428.48	1 14561	7,982.42	8,783.13
	c) Changes ln inventories offnished goods, work in
	progress and stock-in_trade	1,376.96	(361 39)	88.51	1 264 04	733 39
	d) Employee benefrts expense	1 ,438 44	1,255 38	1,316 75	4,656 04	5,616 33
	e) Finance Cost	232.92	267 94	313 06	1,131 86	1,693.39
		354.24	387.67	342.83	'1,532.87	1,471.55
	0 Depreciation and amortisation expenseg) Power and Fuel	441.40	381.70	323.72	1,350.04	'1,633 95
	h Other	3 186.12	3 003.52	106.11	'10 670.20	13 925.65
	Totalnses	15 291.79	14,588.E9	11,594.44	.0851	.54
I15.	34onal items and taxProfit before exce	486.28	17,011	424.63	3 0,13.49	2,677.66
	Items
16. l7	Share of Profit of Associates	134.65	117.45	15.97	358.43	230.31
18.	Profit Beforo Tax 5-6+	620.93	'1,434.06	440.60	3,371,92	07.97
9	Tax Exp€nsea:
	a) Current Tax (Refer note no. 5)	97 15	297 03	15 17	559.96	475.30
	b Deferred Tax	16.54		61	13.96	422.4
10	Net Profit After Tax8-9	540.32	1,139.03	524.04	2 797.98	2,854.74
11.	Other Comprchensive lncome:
	Items that will not be re-classifed to the Statement of Profit & Lossa)
	i) Re-measurements of defined employees benefit plans	21 65	33 41	@6.24)	61 51	(53.10)
	ii) Deferred tax related on items that will not reclassified	(5 63)	18.21)	11.10	(15.99)	13.38
	to profit or loss
	thatwitl be re-classifed to the Statement of Proft & Lossb) ltems
	rehensivo lncomeTotal Other Com	16.02	25.20	5.10	45.52
12.	rehensive lncome for theod0+11Total com	556.34	1,164.23	488.94	2,843.50	815.02
13.	value of Rs. 1o/-eachshareitalPaid-u	1,1020	1 102 50	1,102 50	1JOr5o	1,102 50
	shar€ of R3. l0/. eachNot annualbodEarni
	a) Basic	490	10.33			25 89
	b Dlluted	4.90	10.33	larc	25.38	25.89

	Se ment wise RevenuPartlculars		Results, A$ets and Liabilities for the Qua(er andQuarter Endod
		31.03.2021	31.12,2020	31.03.2020	3'1.03.2021	Year Ended31.03.2020
		Audited	Unaudited	Audited	Audited	Audited
1	Segment Revenue
	a) Leather & Leather Products	13 808.93	13 867.10	10171.97	46,651.96	53,914 24
	b Textile Products	2,969.14	2 038.80	1,947.14	7,863.61	8,250 96
	mentRevenue	16,778.07	15,905.90	12,019.07	54,5'15.57	62,165.20
	Less: lnterment revenue
	lncomefrom O	16,775.07	15,905.90	12,019.07	54,515.57	62,165.20
2	Segmsnt Re3ulls
	(Profit betore finance cosl and tax)
	a) Leather & Leather Products	243 92	1487.86	634.41	3 417 .92	4,210 69
	b Texti16 Products	251.50	214.14	119.25	727.43	330 67
	Total Profit before finance cost and tax	495.42	1,702.00	753.66	4,'t45.35	4,601.36
	Less: Finance Cost	232 92	267 94	313 06	1,131 86	1 693.39
	Profit Before Tax	262.50	1,434.06	440.60	3,013,49	2,907,97
3.	Segment Assets
	a) Leather & Leather Products	58 650.s6	60 248.36	59,191.33	58,650 56	59,'191.33
	b Textile Products	8,826.44	8 960.25	I273.83	8,826 44	9,273.83
	Total	67,477.00	69,208.61	68,465.16	67,477,00	68,465.16
4	Segment Liablllties
	a) Leather & Leather Products	25,118.94	26,873 37	27 ,416.35	25,118.94	27,416.35
	b) Texlile Products	4.277 .24	4.810.71	5,723.12	4,277 24	5,723.12
	Total	29,396.18	31,684,08	33,139,47	29,396.18	33,139.47
5	capitalEmployed
	a) Leather & Leather Products	33,531 62	33 374.99	31,774.98	33,531.62	31,774.98
	b Textile Products	4,549 2A	4149.54	3,550 71	4 549.20	3,550.71
	Total	38,080.82	37,524.53	35,325.69	38,080.82	35,325,69

Standalone and Consolidated lement of Assets a Liabilities

		Rs. in Lacs
S. No	Particularg	Standalone		Consolidated
		As atAs at		As at	As at31.03.2020
		3'1.o3.202'l	3.1.03.2020	31.03.2021
	ASSETS
I	Non Current Assets	18,158.28	18,838.40	20,053.64	20,802.22
	(a) Property, Plant and EquiPment	417 .29	190.73	417 .28	190.73
	(b) Capital Work-in-Progress			457 85	457 .85
	(c) lnvestment Properties			584.85	584.85
	(d) Goodwill	6.90	11.21	12 58	21.38
	(e) Other lntangible assets
	(0 FinancialAssets	4,335.71	4,334.71	2,845.73	2,486.30
	(i) lnvestments	320.42	409.37	300 00	389.37
	(ii) Loans			cJo t/	527 .01
	(g) Defeffed Tax Assets (net)		662.08	694.58	68s.66
	Other Non-current assetsh	759.8723,998.47	24,446.50	25,902.68	26,145.37
	Total Non Current Assets
2	Current Assets	12,104 55	14,520.23	17 ,491.38	19,772.36
	(a) lnventories
	(b) FinancialAssets	12,128.21	12,529.12	13,504.26	13,506.28
	(i) Trade Receivables	2,846.47	656.97	3,419.29	1,153.13
	(ii) Cash and cash equivalents	4,050.11	3,225.69	4,076.22	3,259.33
	(iii) Bank balances other than (ii) above	1,455.94	2,964.33	1 ,456 05	2,968.52
	(iv) Other Financial Assets	372.52	598.19	392.16	598.79
	(c) Current Tax Assets (Net)	1,234.16	1 ,a12.24	1,384.53	1,161.86
	c Other current assetsTotal Current Assets	34,'191.96	35,506.77	41,723.89	42,420.27
	TOTAL ASSETS	58,190.43	59,953.27	67,626.57	68,565.64
	EQUITY AND LIABILITIES
1	Equity
	(a) Equity Share Capital	1 ,102.50	1 j02 50	1,102 50	1 ,102.50
	(b) Other Equity	31,91229	29,991.28		34,223.17
	Total Eul	33,014.79	31,093.78	38,080.83	35,325.67
	Llabilities
,	Non-current liabilitlee
	(a) Financial liabillties
	(i) Borrowings	1,269.03	1,329.07	2,352 59	2,022.70
	(b) Deferred tax liabilities (Net)	1,424.95	1,395.00	1,497.80	1,471.47
	c Other non-current liabilities	167 .23	92.62		92.62
	Total Non-current liabillties	2,861.21	2,816.69	4,0',17.62	3,586.79
	current Liabilities
	(a) Financial Liabilities
	(i) Borrowings	8,705 40	11,906.11	9,309.0s	13,38'1 .60
	(ii) Trade payables	8,785.71	9,223.61	9,817 .27	9,85s.17
	(iii) Other financial liabilities	4,220.45	4,538.79	s,631 67	5,930.56
	(b) Other current liabilities	559.02	231.05	566.63	233.16
	(c) Provisions	44.25	143.24		152.19
	Current Tax Liabil			149.57	100.50
	Total Current Liabilities	22,314.43	26,042.80	25,528.12	29,653.18
	TOTAL EQUITY AND LIABILITIES	58,190.43	59,953.27	67,626.37	58,565.64

Statement of cash Flows for the vear ended March 31. 2021

	(Rs. in Lacs)
Particulars		Standalone		Consolidated
		2020-21	2019-20	2020-21	2019-20
lA.	CASH FLOW FROM OPERATING ACTIVITIES
	Net Profit before tax	2,491.90	2,435.03	3,013.49	2,677.66
	Adjustments for:
	Depreciation/ Amortisation	1 440 22	1,372.58	1,532.87	1,477.55
	Profit on Sale of Property Plant & Equipments	(17.75)	(23.25)	(19.88)	(23.25)
	Loss on Sale of Property Plant & Equipments	31.09	23.15	31.09	23.15
	Interest income	(255.63)	(299.35)	(260.02)	(299.82)
	Dividend Income	(42.69)	(68.05)
	Finance Cost	971.14	1,510.16	1,131.86	1,693.39
	Deferral Income of Govt. Grant	(10.85)	(156.71)	(10.85)	(156.71)
	Bad Debts w/off	222.12	50.97	238.43	52.09
	Remeasurement of net defined benefit plans	61.51	(53.11)	61.51	(53.11)
	Operating profit before working capital changes	4,891.06	4,791.42	5,718.50	5,390.95
	Changes in working capital:
	(Increase)/ Decrease in trade receivables	178.79	200.72	(236.41)	1,297.68
	(Increase)/ Decrease in inventories	2415.68	701.59	2,280.98	439.88
	(Increase)/ Decrease in other non current loan/assets	(8, 84)	81.95	80.45	81.26
	(Increase)/ Decrease in other current financial assets	1,508.39	862.58	1,512.47	859.42
	(Increase)/ Decrease in other current assets	(221.92)	59.65	(222.67)	113.94
	Increase/ (Decrease) in trade payables	(43790)	(1,853.43)	(37.90)	(2,745.71)
	Increase/ (Decrease) in other financial liabilities	(318.74)	538.65	(298.89)	54793
	Increase/ (Decrease) in other current liabilities	327.97	(31.82)	333.47	(51.14)
	Increase/ (Decrease) in Provisions	(98, 99)	(10.78)	(98.26)	(4.77)
	Cash generated from operations	8,235.50	5,340.53	9,031.74	5,929.44
	Income taxes refunded / (paid), net	(288.58)	(320.22)	(304.28)	(365.12)
	Net cash generated from operating activities	7,946.92	5,020.31	8,727.46	5,564.32
в.	CASH FLOW FROM INVESTING ACTIVITIES
	Purchase of Property Plant & Equipments	(1,074.27)	(1, 176.33)	(1,099.54)	(1, 192.94)
	Purchase of Other Intangible assets	÷	(0.80)	(1.04)	(6.67)
	Proceed from sale of Property Plant & Equipments	78,58	166.82	87,34	168.23
	Subsidy (IDLS) on PPE	85.46		85.46
	Purchase of Non Current Investments	(1,00)	(5.00)	(1.00)	(5.00)
	Dividend income	42,69	68.05
	Adjustment on consolidation			(12.93)	(2.38)
	Interest received	255.63	299.35	260.02	299.82
	Increase/ (Decrease) in Other bank balances	(824.42)	(234, 21)	(816.89)	(237.40)
	Net cash (used in) / generated from investing activities	(1, 437.33)	(882.12)	(1,498.58)	(976.34)
c.	CASH FLOW FROM FINANCING ACTIVITIES
	Proceeds/(repayment) from/of long-term loans	(60.04)	(827.41)	329.89	(972.10)
	Proceeds/(repayment) from/of short term borrowings	(3,200,71)	(1,791.21)	(4,072.55)	(1,923.10)
	Dividend Paid (including Dividend Distribution Tax)	(88.20)	(132.91)	(88.20)	(132.91)
	Finance costs paid	(971.14)	(1,510.16)	(1, 131.86)	(1,693.39)
	Net cash used in financing activities	(4,320.09)	(4, 261.69)	(4,962.72)	(4,721.50)
	INCREASE / (DECREASE) IN CASH AND CASH EQUIVALENTS	2,189.50	(123.50)	2,266.16	(133.52)
	Cash and cash equivalents at the beginning of the year	656,97	780.47	1,153.13	1,286.65
	Cash and cash equivalents at the end of the year	2,846.47	656.97	3,419.29	1,153.13

NOTES:-

• 1. The Audited lnd AS financial results were reviewed by the Audit Committee and approved by the Board of Directors at its . meeting held on 25.06.2021. The Audit Report of the Statutory Auditors alongwith results is being filed with the Stock Exchange(s).
• 1. These financial results have been prepared in accordance with lndian Accounting Standards (lND-AS) as prescribed under section ,133 of Companies Act,2013 read with Rule 3 of the companies (lndian Accounting Standards) Rules 2015 and relevant amendment thereafter. The said financial results of the parent company and its subsidiaries (together referred as the ,,Group") have been prepared in accordance with IND-AS 1 10 - Consolidated financial statements".
• 1. The figures for the quarter ended March,2O2O\2O21are batancing figures between audited figures in respect of year ended tttarcn ZOZOI2O2I and the published year to date figures upto the nine months period ended December 2019D020.
• 1. Tax Expense (Current tax) for the quarter ended March 31,2021 and year ended March 31, 2021 is net of lncome tax adjustments relating to earlier years amounting to Rs 4.60 Lacs and Rs. '150.75 Lacs respectively.
• S. The Company has considered the possible effcets that may from COVID-l9 in the prepration of these llnacial result for the quarter and year ended March 31,2021. ln assessing the carrying value of its asset and liabilities. The company has considered internal and extemal information including the economic forecast available, and based on such information and assessment no further adjustments are required to be made. The impact of the pandemic may ditfer from that estimated as at the date of approval of these financial results. Such changes if any,will be prospectively recognised. The company will continue to closely monitor any material changes to future economic condilions.
• 1. The Board of Director have recommended Dividend @ 1O% on the equity share capital for the financial year ended 31st Match,2021.
• 1. Figures of the previous period have been regrouped and rearranged wherever necessary to corespond with current period's classillcation/disclosure.

For and on behalf of the D Zafarul Amin Joint Managing Director DtN - 15533

Dele'. 25.06.2021 Place: Unnao

Kanpur-208 001 lndependent Auditor's Report on Audited standatone Quarterly Financiat R""?'['jlrdt?:?lFf"'kapoor@gmail'com Results of Office : 216, Kalpana Ptaza 241147-8, Birhana Road

-the company Pursuant to the Regulation 33 of the sEBI (Listin! durigaiions ana Disclosure Requirements) Regulations, 201S

INDEPENDENT AUDITOR'S REPORT

To

The Board of Directors of Superhouse Limited

RA"'EEV PREM & ASSOCTATES C HARTERED ACCOUN TANTS

Report on the audit of the Standalone Financial Resutts

Opinion

We have audited the.accompanying standalone quarterly financial results of Superhouse Limited (the company) for the quarter ended March 31, 2021and the year to date results for the period from April 01, 20201o March 31, 2021 (the Statement) attiched herewith, being submitted by the company pursuant to the requirement of Regulaiion 33 of the SEBI (Listin; obligations and Disclosure Requirements) Regulations, 7015, as amended 1,;tistin! Regulations").

In our opinion and to the best of our information and according to the explanations given to us, the Statement:

• i. is presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
• ii. gives a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standardJ and other accountinj principles generally accepted in lndia of the net profit and other comprehensive lncoml and other financial information for the quarter ended March g1,2021 as well as the year endedMarch 31,2021.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013 (the Act). Our responsibiliiies under those standards are further described in the Audiior's Responsibilities for the Audit of the Standalone FinancialResulfs section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the lnstitute of Chartered Accountants of lndia together with the ethical requirements that are relevant to our audit of the financial results under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Management's Responsibilities for the standalone Financial Results

The Statement has been prepared on the basis of the standalone annual financial statements. The Company's Board of Directors are responsible for the preparation and presentation of the statement that gives a true and fair view of the net profitand other comprehensive lncome and other financial information in accordance with the recognition and measurement principles laid down in lndian Accounting Standard

Off. : 0512 -2302412 , Mob. :09415051670

prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in lndia and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventingand detectlng frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the statement that gives a true and fair view and are free from material misstatement, whether due to fraud or error.

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ln preparing the statement, the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The Board of Directors are also responsible for overseeing the Company's financial reporting process.

Auditor's Responsibilities for the Audit of the Standalone Financial Results

Our objectives are to obtain reasonable assurance about whether the statement as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the statement.

As part of an audit in accordance with SAs, we exercise professionaljudgment and maintain professional skepticism throughout the audit. We also:

• . ldentify and assess the risks of material misstatement of the statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
• . Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control.
• o Evaluate the appropriateness of accounting policies used and the reasonableness of accouriting estimates and related disclosures made by the Board of Directors.
• . . Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. lf we conclude that a material uncertainty exists, we are required to draw atlention in our auditor's report to the related disclosures in the financial results or, if such disclosures are inadequate, to ' modify our opinion. Our conclusions are based on the audit evidence obtained up to

the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.

o Evaluate the overall presentation, structure and content of the statement, including the disclosures, and whether the financial results represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We aiso provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

Other Matter

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The Statement includes the results for the quarter ended March 31, 2021 being the balancing figures between the audited figures in respect of the full financial year ended March 31, 2021 and the published unaudited year-to-date figures up to the end of the third quarter of the current financial year, which were subjected to a limited review by us, as required under the Listing Regulations.

Our opinion is not modified in respect of this matter.

For Rajeev Prem & Associates, Chartered Accountants Firm Registration No. 008905C

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(Rajeev Kapoor) Partner M. No. 077827 UDIN: i) o7 7fl1) tT * A A Ey q-f"j ,/- :.L

Place: UNNAO Date: June 25,2021

PREM & ASSOCIATES C HARTERED ACCOUN TANTS

Off.:0512 -2302412 Mob. : 09415051670 Office : 216, Kalpana Plaza 241147-8, Birhana Road Kanpur-208 001 E-mail : carajeevkapoor@gmail.com

lndependent Auditor's Report On consolidated audited quarterly and year to date financial results of the Company Pursuani to the Regulation 33 of the 'seet liisting obligations and Disclosure Requirements) Regulations, 2015.

INDEPENDENT AUDITOR'S REPORT

To

The Board of Directors of Superhouse Limited

Report on the audit of the Consolidated Financial Results

Opinion

We have audited the accompanying Statement of Consolidated Financial Results ofSuperhouse Limited {"Holding company") and its subsidiaries (holding company and its subsidiaries together referred to as "the Group") and its associates forine quarter ended March 31, 2021 and for the period from April 01, 2O2Oto March 31, 2OZ1 ("the Statement,,), !919 submitted by the holding company pursuant to the requirement of Regulation 33 of the 9EBI (Listing Obligations and Disclosure Requirements) Regulations, 2ois, as amended ("Listing Regulations").

ln our opinion and to the best of our information and according to the explanations given to us, and based on the consideration of the reports of the other auditors on separate financial statements/ financial information of subsidiaries and associates, the Statement:

a) includes the results of the following entities:

i. Superhouse (UK) Limited, UK

• ii. Superhouse (USA) lntenational lnc, USA
• iii. Superhouse Middte East FZC, Ajman
• iv. Briggs lndustrial Footwear Limited, UK
• v. Linea De Seguridad SLU, Spain
• vi. Suphouse GMBH, Germany
• vii.. La Compagnie Francaise De protection Sarl, France
• b) is presented in accordance with the requirements of Regulation 33 of the Listing Regulations, as amended; and
• c) gives a true and fair view, in conformity with the applicable accounting standards, and other accounting principles generally accepted in lndia, of consolidated total comprehensive income (comprising of net profit and other comprehensive lncome) and other financial information of the Group and associates for the quarter ended March 31, 2021 and yearendedMarch 31,2021.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013 (the Act). Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Consolidated FinancialResulfs section of our report. We are independent of the Group and its associates in accordance with the Code of Ethics issued by the lnstitute of Chartered Accountants of lndia together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the

Code.of Ethics. We believe that the audit evidence obtained by us and other auditors in terms of their reports referred to in "Other Matted' paragraph below, is sufficient and appropriate to provide a basis for our opinion.

Management's Responsibilities for the consolidated Financial Results

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The Statement have been prepared on the basis of the annual consolidated annual financial statements.

The Holding Company's Board of Directors are responsible for the preparation and presentation of the statement that give a true and fair view of the net profit and other comprehensive lncome and other financial information of the Group including its associates in accordance with the recognition and measurement principles laid down in lndian Accounting Standard prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in lndia and in compliance with Regulation 33 of the Listing Regulations. The respective Board of Directors of the companies included in the Group and of its associates are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Group and its associates and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the statement that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the statement by the Directors of the Holding Company, as aforesaid.

ln preparing the statement, the respective Board of Directors of the companies included in the Group and of its associates are responsible for assessing the ability of the Group and of its associates to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so.

The respective Board of Directors of the companies included in the Group and of its associates are also responsible for overseeing the financial reporting process of the Group and of its associates.

Auditor's Responsibilities for the Audit of the Consolidated Financial Results

Our objectives are to obtain reasonable assurance about whether the statement as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the statement.

As part of an,audit in accordance with SAs, we exercise professionaljudgment and maintain professional skepticism throughout the audit. We also:

. ldentify and assess the risks of material misstatement of the statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of eXpressing an opinion on the effectiveness of the company's internal control.
• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
• Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or c6nditions that may cast significant doubt on the ability of the Group and its associates to continue as a going concern. lf we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group and its associates to cease to continue as a going concern.
• Evaluate the overall presentation, structure and content of the statement, including the disclosures, and whether the statement represent the underlying transactions and events in a manner that achieves fair presentation.
• . Obtain sufficient appropriate audit evidence regarding the financial results/financial information of the entities within the Group and its associates to express an opinion on the consolidated Financial Results. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the statement of which we are the independent auditors. For the other entities included in the statement, which have been audited by other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion.

We communicate with those charged with governance of the Holding Company and such other entities included in the statement of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

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

Other Matters

The accompanying statement include the audited Financial Results of one subsidiary, whose Financial Statements before consolidation elimination reflect Group's share of total assets of Rs. 6083.861acs as at March 31, 2021, Group's share of total revenue of Rs. 1665.24 Lacs and Rs. 5541.45 Lacs, Group's share of total net profit after tax of Rs. 128.80 Lacs and Rs. 292.39 Lacs, total comprehensive income of Rs. 128.80 Lacs and Rs. 292.39 Lacsfor the quarter ended March 31, 2021 and for the year ended March 31, 2021 respectively, and net cash out-flow of Rs. 98.16 Lacs for the year ended March 31,2021 as considered in the statement. The statement also includes the audited Financial Results of four associates, whose Financial Statements reflect Group's share of total net profit after tax of Rs.134.65 Lacsand Rs. 358.43 Lacs for the quarter ended March 31, 2021 and for the year ended

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March 31, 2021 respectively, as considered in the staternent. These financial statements have been audited by their respective independent auditors. The independent auditors, reports on financial statements of these entities have been furnished to us and our opinion on the statement, in so far as it relates to the amounts and disclosures includedin respect of these'entities, is based solely on the report of such auditors and the procedures peiormed by us are as stated in paragraph above.

The statement includes the unaudited Financial Results of sixsubsidiaries, whose Financial Statements before consolidation elimination reflect Group's share of total assets of Rs. 8269.59 Lacs as at March 31, 2021, Group's share of total revenue of Rs. 1G08.35 Lacs and Rs. 6385.47lacs, Group's share of total net profit after tax of Rs. (-) 41.72 Lacs and Rs. 226.16Lacs, total comprehensive income of Rs. (-) 41.72 Lacs and Rs. 226.16 Lacsfor the quarter ended March 31, 2021 and for the year ended March 31, 2021 respectively, and net cash in-flow of Rs. 174.82 Lacs for the year ended March 31, 2021, as considered in the statement. These unaudited Financial Statements have been furnished to us by the Board of Directors and our opinion on the statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries and associates is based solely on such unaudited Financial Statements. ln our opinion and according to the information and explanations given to us by the Board of Directors, these Financial Statements are not materialto the Group.

Our opinion on the statement is not modified in respect of the above matters with respect to our reliance on the work done and the reports of the other auditors and the Financial Results certified by the Board of Directors.

The Statement includes the results for the quarter ended March 31, 2021 being the balancing figures between the audited figures in respect of the full financial year ended March 31, 2021 and the published unaudited year-to-date figures up to the end of the third quarter of the current financial year, which.were subjected to a limited review by us, as required under the Listing Regulations.

Our opinion is not modified in respect of this matter.

For Rajeev Prem & Associates Chartered Accountants Firm Reg. No.008905C

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Ral6ev Kapoor Partner M. No.077827 UDIN -?)o?:Bt: {*ffi. 5o

Place: UNNAO Date: June 25,2021

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@$ Superhouse Limited

(A Government of India recognized Export Trading House) Regd. Office: 150 Feet Road, Jajmau, Kanpur-208010 flndia) CIN: 124231UP1980P1C004910 email: share@superhouse,in url: http://www,superhouse.in

SHL1decl202l

25th lune,2021

The Stock Exchange, Mumbai, Phiroze Jeejeebhoy Towers Dalal Street, MUMBAI.4OOOOl

National Stock Exchange of India Limited, Exchange Plaza, Bandra Kurla Complex, Bandra (East) MUMBAI.4OOOs1

Script Code: 523283

Scrip Code: SUPERHOUSE

Dear Sir,

I, Krishna Dutt Misra, Chief Financial Offrcer of Superhouse Limited (he Company) hereby declare that the Statutory Auditors of the Company M/s Rajeev Prem & Associates, Chartered Accountants (FRN: 008905C) have issued an Audit Report with unmodified/unqualified opinion on Audited Standalone and Consolidated Financial Results for the quarter and financial year ended on 3 1't March,2021.

Tharking you,

Yours faithfirlly, FoT SUPERHOUSE LIMITED

(KRI ISRA) ef al Officer