Tarmat Limited — Audit Report / Information 2021

Jun 29, 2021

TARMAT LIMITED General A. K. Vaidya Marg, Near Wageshwari Mandir, Off Film City Road, Malad (E), Mumbai - 400 097 Tel:2840 2130 I 1 180 Fax :2840 0322 Email : contact@tarmatlimited.com Website : www.tarmatlimited.com CIN : L45203MHl 986P1C038535

Date: 29.t fune,202\

To, National Stock Exchange of India Limited Exchang e Plaza, 5,h Floor, Plot No. C-1, G Block, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051

To, BSE Limited Phiroze f eejeebhoy Towers, Dalai Street, Mumbai - 400 001

Dear Sir / Madam,

Subiect: Outcome of Board Meetinq held on Tuesdav. June. 29 2021 ,

Ref: NSE Svmbol -TARMAT: BSE Script Gode -532869

Pursuant to regulation 30 and 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), the undersigned wish to inform you that the Board of Directors of the Company has, in its Meeting held today, i.e. Tuesday, June 29, 2021 at Mumbai, considered and approved the Audited Financial Results (Standalone and Consolidated) for the quarter and year ended March 31, 2021 along with Auditor's Report issued by the Statutory Auditors, pursuant to Regulation 33 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 201 5.

• 1. We hereby submitting Audited Financial Results (Standalone and Consolidated) for the quarter and year ended March, 31, 2021 along with Auditor's Report issued by the Statutory Auditors.
• 1. We hereby also submitting the followings as part of Standalone and Consolidated financial,results for the quarter and year ended March 31, 202'1.
  • a. Statement of assets and Liabilities ; and
  • . b. Statement of Cash Flow statement

2

TARMAT LIMITED General A. K. Vaidya Marg, Near Wageshwari Mandir, Off Film City Road, Malad (E), Mumbai - 400 097 Tel:2840 2130 I 1 180 Fax:2840 O322 Email : contact@tarmatlimited.com Website : wvyw.tarmatlimited.com CIN : L45203MHl 986P1 C038535

:2:

• ln terms of the provisions of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we confirm that the Statutory Auditors of the Company has issued an Audit Report (Standalone and Consolidated) with unmodified opinion on the Audited Financlal Results of the Company for quarter and year ended 31'' March, 2021. 3.
• Company has re-appointed M/s. Mehta Kothari & Associates Chartered Accountants (FRN : 106247) as Statutory Auditors of the Company for further one year from 01 .04.2021 to 31 .03.2022|e. from conclusion of 36* AGM till conclusion of 37'h AGM of the Company. 4.
• lncrease of Authorized capital of the company from Rs. 16 to RS 21Cr.; 5.
• ln the forthcoming Board meeting the company will consider price of issue and issue size of equity shares and convertible warrants into equities shares to various potential identifiable investors in accordance with the applicable provisions of the ICDR Regulation, 2018 and amendments there to; and 6.
• Consideration of allotment equity shares and convertible warrants into equitles shares by conversion of existing loan and advances of creditors 7.

The meeting cemmenced at 2.00 p.m. and concludedat 6'30 p.m.

Kindly take the same on your records.

For Tarmat Limited

S. Chakraborty Company Secretary Membership No: F4987

Encl: as stated above.

Mehta Kothari & Assosicates CHARTERED ACCOUNTANTS Partners Pradip C. Mehta - B.Com., LL.B (G), F.C.A. Atul Kulkarni - B.Com, LL.B (G), F.C.A.

134, Great Western Building. Maharashtra Cehmbers of Commerce Lane Fort, Mumbai - 400001. Phone: +91-22-2287 3102, 2287 3066 Email: mehtakothari24@gmail.com

Independent Auditor's Report on the Quarterly and Annual Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

To,

The Board of Directors of TARMAT LIMITED

Report on the Audit of the Standalone Financial Results

Opinion

We have audited the accompanying statement of standalone financial results of Tarmat Limited ("the Company") for the quarter and year ended 31st March, 2021 ("the Statement"), attached herewith, being submitted by the company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations").

In our opinion and to the best of our information and according to the explanations given to us these financial results:

• are presented in accordance with the requirements of Regulation 33 of the i. Listing Regulations in this regard; and
• ii. give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards and other accounting principles generally accepted in India of the net profit and other comprehensive income and other financial information for the quarter and year ended 31st March, 2021.

Basis of 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 Standalone Financial Results section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the standalone financial results under the provisions of the Companies Act, 2013 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.

These standalone financial results have been prepared on the basis of standalone annual financial statements. The Company's Board of Directors are responsible for the preparation and presentation of these standalone financial results that give a true and fair view of the net profit and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in Indian Accounting Standard prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India 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 preventing and detecting 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 standalone financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the standalone financial results, 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 standalone financial results 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 these standalone financial results.

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

• Identify and assess the risks of material misstatement of the standalone $\bullet$ financial results, 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. Under Section 143 (3) of the Act, we are also responsible for expressing our opinion through a separate report on the complete set of standalone financial statement on whether the Company has adequate internal financial controls with reference to standalone financial statements in place and the operative effectiveness of such controls.
• . 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 conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the standalone 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.
• Evaluate the overall presentation, structure and content of the standalone financial results, including the disclosures, and whether the standalone

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 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.

Other Matters

The financial results include the results for the quarter ended 31'st March, 2021 being the balancing figure between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year which were subject to limited review by us.

For Mehta Kothari & Associates Chartered Accountants FRN: 106247

$\delta$

Pradip-Mehta Partner Membership No. 35447. UDIN - 21035447AAAABX7466 Mumbai, 29 June, 2021

	General A.K. Vaidya Marg, Near Wageshwari Mandir, Off Film City Road, Malad ( East) Mumbai - 4OO OgTTel No. O22- 2840 2l3O I 2840 I18O Fax : 022 2840 0322 E;rr.ail: contact@tarmatlimited. Com	Website : www.tarmatlimited.com	CIN : L45203MHI 986P1C038535
	Statement of Standalone Financial Results for the quarter and Year ended March 3'J.,,2021					(Rs.In Lacs)
		Standalone statement
Sr.No	Particulars		Quarter ended		Year Ended
		3]03.2027	3L.12.2020	31^.03.2020	3L.03.202r	31.03.2020
		Audited	Unaudited	Audited	Audited	Audited
I		6,L66.20	4,366.59	13,583.74	17,066.42	23,31L,86
II		26.17	49.92	74.71	725.95	96.26
n		6,192.37	4,476.51	13,657.85	L7,792.37	23,408.72
ry
		1,2L4.83	741,.38	4,517.13	3,704.94	6,637.34
		4,284.39	3,758.74	7,857.93	11,521,77	L4,765.15
		175.86	170.38	235.28	584.11	543.83
		243.09	32.97	277.59	306.24	236.48
		47.40151.90	23.53151.67	23.21117.78	1.3t.68	73.08
					542.07	268.82
	Total Expenses	6,117,47	4,278.61	72,962.92	76,790.87	22,524.70
V	Profit before exceptional and
	extraordianary items and tax ( III - ry)	74.90	137.90	694.93	401.56	883.42
VI	Exceptional items
VI]	Profit before extraordinary items andtax(V-VI)	74.90	137.90	694.93	401.56	883.42
VM	Extraordinary Items
x	Profit before tax (VII - VIID	74.90	137.90	694.93	401,.56	883.42
X
	Tax expenses(1.) Current Tax			160.73		160.73
	(2) Current tax relating to prior years	-160.73			-160.73
	(3) Deferred tax (Assets ) / Liabllity	34.24	7_02	-0.90	52.82	30.32
XI	Profit (Loss) for the period ( IX-X)	201.39	130.88	535.10	509.47	692.37
XII	Other Comprehensive Income(a) Items not to be reclassified subseqenlty
	to profit or loss valuation"
	Incone tax effect on above
	(b) Items to be reclassifed subsequently
	to profit or loss other comprehensive
	income for the period, net of tax
XIII	Iotal Comprehensive income for the
	period net of tax ( XI + XII )	201,.39	130.88	535.10	509.47	692.37

	General A.K. Vaidya Marg, Near Wageshwari Mandir, Off Film City Road, Malad ( East) Mumbai - 4OO OgT
	Tel No. O22- 2840 2l3O / 2840 1180 Fax : O22 2840 0322 Email : contact@tarmatlimited. Com
		Website : www.tarmatlimited.com
		CIN : L45203MHI 986p1C038535
Xry	Paid-up Equity Share Capital (Face Valueof Rs 10 Per Share )	't,333.07	1,333.07	1,,333.07	1,333.07	L,333.07
XV	Earnings per equity share:
1)	Basic
i)	Computed on the basis of profit fromcontinuing operation	1.51	0.98	4.01	3.82	5.19
ii)	Computed on the basis of total profit forthe year	1.51	0.98	4.01	3.82	5.19
2)	Diluted
i)	Computed on the basis of profit fron'rcontinuing operation	1.51	0.98	4.01	3.82	5.L9
ii)	Computed on the basis of total profit forthe year	1.51	0.98	4.0L	3.82	5.19

NOTES:

1. The above standalone result is for the quarter and year ended 31st Marclr 2021were reviewed by the Audit Committee and apProved at the meeting of the Board of Dilector of the company held on 29th Jurle 2021 .The Statutory Auditors of the company have caried out a Audit of the above results.

• 1. The fiSures for the Quarter ended 31st Mardr 2021 and 31st N,IardL 2020 are balancing figures between the audited figures in respect of the full financial year and the year to date figures upto the third Quarter of the financial year.
• 1. The company had adopted Indian Accounting Standard ( IND-AS) notified by the Ministry of Corporate affairs with effect from 01.04.2017 and accordingly the financial have been prq)ared in accordance with the recognized principles laid down in IND-A934. Interim financial rcpo ing prescribed under section 133 of companies act 2013
• 1. The figues of the previous periods/ year have been regrouped wh€rever necessary.
• 1. The company is operating in only one segment, accourdingly no separate reporting is required.

Place: Mumbai Date :2910512021

FoTTARMAT [IMITED.,

fOr "-' 1

Regina M Sinha CHAIR PERSON DIN NO. :'0008488285

General A.K. Vaidya Marg, Near Wageshwari Mandir, Off Film City Road, Malad ( East) Mumbai - 4OO O97

Tel No. O22- 2B4O 2730 I 2840 I18O Fax : O22 2840 0322 Ematl: contact@tarmatlimite d. C om

Web: www.tarmatlim ited.com CIN : L45203MHI 986P1C038535

STANDALONE STATEMENT OF ASSETS AND LIABILITIES AS ON 31ST MARCH 2021

			Rs.in Lakhs
Sr.No	Particulars	As at	As at
		3L.03.2021	3''.o3.2020
		Audited	Audited
D	ASSETS
	Non - Current Assets
	(a) Property, Plant and Equipment	'1.,708.96	'l_,582.30
	(b) Intangible assets	14.63	1.4.63
	(c) Financial Assets
	(i) Other Financial Assets	1,742.60	2,377.06
	(d) Other non-current assets	2,702.2-1,	2,694.70
	Sub- Total- Non Current Assets	6,1.68.40	6,668.69
	Current Assets
	(a)Inventories	4,275.94	4,922.66
	@) Financial Assets
	(i) Trade Receivables	'1.,294.04	1,740.69
	(ii) Cash and cash equivalents	'],464.68	2,777.37
	(iii) Current Investments
	(iv) Short Term Loans and Advances	7,650.90	6,789.96
	Sub - Total - Current Assets	't4,685.56	]6,230.62
	TOTAL ASSETS	20,853.96	22,899.3L
D	EQUITIES AND LIABILITIES
	Equity	't,333.07
	(a) Equity Share Captial		1,,333.07
	(b) Other Equity	4,796:1.8	4,286.7'1.
	Sub- Total - Equity	6,129.25	5,5L9.78
	Non- Current Liabilities
	(a) Financial Liabilities
	(i) Long Term Borrowings	8,947.1.1.	11.,028.27
	(b) Long Term Provisions	114.31	105.81
	(c) Deferred Tax Liabilities (Net )	37.08
	Sub- Total- Non Current Liabilities	9,098.50	11.,134.08
	Current Liabilities
	(a) Financial Liabilities
	(i) Short Term Borrowings
	(ii) Trade Payables	3,796.38	3,909.50
	(iii) Other Current Financial Liabilities
	(b) Other Current Liabilities	1,829.83	2,235.95
	Sub Total - Current Liabilities	5,626.21	6,1,45.45
	TOTAL EQUITY AND LIABILITIES	20,853.96	22,899.31

For Tarmat Limited

n->t ^, l-e,

Regina M. Sinha Chairperson Din No. :'0008488285 Page 1 of 1

Standalone Cash Flow Statement for the period ended 31ST March 2021				in lacsMarch 31 2020
Net Profit/(Loss) as per Profit & Loss Account	March 31 2021
Adjustments for Non-Cash and other items		401.56		883.42
Interest Expense
Interest Income	306.24		236.48
Depreciation	(64.81)		(69.08)
Dividend received	131.68		73.08
	0.00		0.00
Provision for Doubtful Debts/ Advances (Net of Recovery)	0.00		0.00
Gratuity provision	8.50		10.63
Preliminary Expenses w/off	0.00		0.00
Loss on Sale of Fixed Assets	0.00		0.00
Investment in JV written off	(7.52)		0.00
Bad debts written off	0.00		0.00
Operating Profit/(loss) Before Working Capital Changes		775.65		1,134.53
Changes in Working Capital
Adjustment for
Trade & Other Receivables	651.92		333.22
Loans & Advances	(447.48)		(2, 193.29)
Inventories	646.72		(1, 853.82)
Fixed Deposit	1,372.89		(1,716.89)
Trade payables and other liabilities	(519.23)	1,704.81	3,101.85	(2,328.93)
Less: Taxes paid		160.73		(160.73)
Net Cash from Operating Activities [A]		2,641.19		(1, 355.13)
CASH FLOW FROM INVESTING ACTIVITIES
Purchase of fixed assets	(258.34)		(559.99)
Sale of Fixed Assets	0.00		0.00
Purchase of Non current investments	0.00		(8.51)
Interest received	64.81		69.08
Dividend received	0.00		0.00
Net Cash from Investing Activities [B]		$-193.53$		$-499.42$
CASH FLOW FROM FINANCING ACTIVITIES
Dividend and Distribution tax paid
Interest paid	(306.24)		(236.48)
Proceeds from Long Term and Short Term Borrowings (Net	(2,081.16)		2,245.84
Net Cash from Financing Activities [C]		(2, 387.40)		2,009.36
Net increase in Cash and Cash equivalents [A+B+C]		60.26		154.80
Cash & Cash equivalents at the beginning of the year		383.05		228.25
Cash & Cash equivalents at the end of the year		443.31		383.05

Note:

$,1,$ Cash Flow Statement has been prepared under the indirect method as set in accounting standard (AS) 3 : " Cash Flow Statements issued by the Institute of Chartered Accountants of india

2 Cash and Cash equivalents at the end of the year represent Cash and Bank Balances.

3 Previous Year's figures have been regrouped/reclassified whenever applicable As per our report of even date

For Tarmat Limited

psink.

Regina Sinha Chair Person DIN No: 0008488285

Mehta Kothari & Assosicates CHARTERED ACCOUNTANTS Partners: Pradip C. Mehta - B.Com., LL.B (G), F.C.A. Atul Kulkarni - B.Com, LL.B (G), F.C.A.

134, Great Western Building, Maharashtra Cehmbers of Commerce Lane Fort, Mumbai - 400001. Phone: +91-22-2287 3102, 2287 3066 Email: mehtakothari24@gmail.com

Independent Auditor's Report on the Quarterly and Annual Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

To

The Board of Directors of TARMAT LIMITED

Report on the Audit of the Consolidated Financial Results

Opinion

We have audited the accompanying statement of consolidated financial results of Tarmat Limited ("the Company") and its Joint Ventures (the Company and its Joint Ventures together referred to as "the Group") for the quarter and year ended on 31st March, 2021 ("the Statement"), attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations").

In our opinion and to the best of our information and according to the explanations given to us and based on the separate unaudited financial statements and other financial information of the joint Ventures, the statement:

• includes results of Joint Ventures "NG & TARMAT JV (Guj)", "NG & i. TARMAT JV (GOA) "MSKEL TARMAT ." and "SONAI TARMAT"
• are presented in accordance with the requirements of Regulation 33 of ii. the Listing Regulations in this regard; and
• give a true and fair view in conformity with the recognition and iii. measurement principles laid down in the applicable Indian Accounting Standards and other accounting principles generally accepted in India, of Consolidated net profit and other comprehensive income and other financial information for the quarter and year ended on 31st March, 2021.

Basis of 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 Financial Results section of our report. We are independent of the Group in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial results under the provisions of the Companies Act, 2013 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 Matters" paragraph below is sufficient and appropriate to provide a basis for our opinion.

Management's Responsibilities for the Consolidated Financial Results.

The Holding Company's Board of Directors are responsible for the preparation and presentation of these consolidated financial results that give a true and fair view of the net profit and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in Indian Accounting Standard prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The respective Board of Directors of the companies included in the Group are responsible for maintenance of adequate records in accordance with the provisions of the Act for safeguarding of the assets of the Group 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 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 consolidated financial results 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 consolidated financial results by the Directors of the Holding Company, as aforesaid.

In preparing the consolidated financial results, the respective Board of Directors of the companies included in the Group are responsible for assessing the ability of the Group 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 are also responsible for overseeing the Company's financial reporting process of the Group.

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

Our objectives are to obtain reasonable assurance about whether the consolidated financial results 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 these consolidated financial results.

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

• Identify and assess the risks of material misstatement of the consolidated financial results, 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. Under Section 143(3) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls

with reference to financial statements in place and the operative effectiveness of such controls.

• 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 conditions that may cast significant doubt on the ability of the Group to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated 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 Group to cease to continue as a going concern.
• . Evaluate the overall presentation, structure and content of the consolidated financial results, including the disclosures, and whether the consolidated financial results 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 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 consolidated financial results of which we are the independent auditors. For the other entities included in the consolidated financial results, 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 consolidated financial results 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 also 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

We have not audited the financial results of the four Joint Ventures. The consolidated financial results include the unaudited financial results of four joint ventures, whose financial statement reflects Groups share of total assets of Rs. 433.29 Lakhs as at 31'st March, 2021, Groups share of total revenue of Rs 3.67Lakhs, Rs. 837.95 Lakhs, Rs. 1352.52 Lakhs and Rs. 333.65 Lakhs total net profit of Rs. - 4.18 Lakhs, Rs. 8.30 Lakhs, Rs. NIL lakhs and NIL for the quarter and year ended 31'st March, 2021 respectively. The management has furnished certified unaudited financial statements / financial informations of these entities (Joint Ventures) to us and our opinion on the consolidated financial results, in so far as it relates to the amounts and disclosures included in respect of these entities (joint Ventures), is based solely on the information given to us by the Board of Directors.

Our opinion on the consolidated financial results is not modified in respect of the above matters with respect to our reliance on the work done and the report of the other auditor and the financial results/ financial information certified by the Board of Directors.

The financial results include the results for the quarter ended 31'st March, 2021 being the balancing figure between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year which were subject to limited review by us.

For Mehta Kothari & Associates Chartered Accountants

FRN: 106247 Pradip Mehta

$3 - 5$

Partner Membership No. 35447. UDIN: 21035447AAAABY9514 Mumbai, 29 June, 2021

	General A.K. Vaidya Marg, Near Wageshwari Mandir, Off Film City Road, Malad (East) Mumbai - 400 097Tel No. 022-2840 2130 / 2840 1180 Fax: 022 2840 0322 Email: contact@tarmatlimited. ComWebsite: www.tarmatlimited.com	CIN: L45203MHI 986P1C038535
	Statement of Consolidated Financial Results for the quarter and Year ended March 31, 2021(Rs.In Lacs)
				Consolidated statement
Sr.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
	Income
$\bf{I}$	Revenue from operations	8,682.95	4,366.59	17,907.17	19,583.17	27,635.29
П	Other Income	33.08	49.93	65.60	132.86	87.75
$\rm III$	Total Revenue $(I + II)$	8,716.03	4,416.52	17,972.77	19,716.03	27,723.04
IV	Expenses:
	Cost of materials consumed	1,214.84	741.37	4,517.15	3,704.94	6,637.36
	Construction expenses	6,792.77	3,158.73	12,164.02	14,030.14	19,071.24
	Employee benefit expensesFinance costs	183.23243.09	170.3832.91	235.29217.65	591.48306.24	543.84
	Depreciation and amortization expense	52.54	24.94	31.63	138.23	236.5481.50
	Other expenses	153.27	151.66	112.10	543.44	269.14
	Total Expenses	8,639.74	4,279.99	17,277.84	19,314.47	26,839.62
V	Profit before exceptional and
	extraordianary items and tax (III - IV)	76.29	136.53	694.93	401.56	883.42
VI	Exceptional items			٠
VII	Profit before extraordinary items and	76.29	136.53	694.93	401.56	883.42
	$\text{tax}$ ( $V$ - $VI$ )
VIII	Extraordinary Items
IX	Profit before tax (VII - VIII)	76.29	136.53	694.93	401.56	883.42
X	Tax expenses
	(1) Current Tax			160.73		160.73
	(2) Current tax relating to prior years	$-160.73$			$-160.73$
	(3) Deferred tax Assets / Liabilities	30.08	7.43	4.28	47.64	35.50
XI	Profit (Loss) for the period (IX-X)	206.94	129.10	529.92	514.65	687.19
XII	Other Comprehensive Income
	(a) Items not to be reclassified subseqenlty	÷
	to profit or loss valuation
	Income tax effect on above
	(b) Items to be reclassifed subsequently
	to profit or loss other comprehensiveincome for the period, net of tax
XIII	Total Comprehensive income for theperiod net of $tax(XI + XII)$	206.94	129.10	529.92	514.65	687.19

	General A.K. Vaidya Marg, Near Wageshwari Mandir, Off Film City Road, Malad ( East) Mumbai - 4OO 097
	Tel No. O22- 2840 2I3O I 2840 1180 Fax : O22 2840 0322 Email: contact@tarmatlimited. Com
		Website : www.tarmatlimited.com
		CIN : L45203MHI 986P1C038535
XIV	Paid-up Equity Share Capital (Face Value	1,333.07	1,333.07	1,333.07	1,333.07	1,333,07
	of Rs 10 Per Share )
XV	Earnings per equity share:
1.)	Basic
2)	Diluted
0	Computed on the basis of profit from	1.55	0.97	3.98	3.86	5.15
	continuing operation
ii)	Computed on the basis of total profit for	1.55	0.97	3.98	3.86	5.15
	the year

NOTES:

• 1. The above consolidated result is for the quarter and year ended 31st Marclf 2021 were reviewed by the Audil Committee and aPProved at the meeting of the Board of Director of the company held on 29/06/z:.27 .TheStahttory Auditors of the comPany have carried out a Audit of the above results.
• The figlres for the Quarter ended 31st March 2021 and 31st Marclu 2020 are balancing figures between the audited figues in rcsPect of the ful financial year and the year to date fiSures uPto the third Quarter of the financial year. 2)
• The company had adopted Indian Accounting Standard ( IND-AS) notified by the Ministry of Colporate affats with effect from 01.04.20V and accordingly the financial have been prepared in accordance with the recognized principles laid down in IND-A934. lntedm financial reporting prescribed under section 133 of companies act 2013 3)
• 4l The figures of the previous periods/ year have been regrouPed wherever necessary.
• 1. The company is oPerating in onlY one segment, accourdingly no separate rePorting is required.

Place: Mumbai Date :2910512o2L

For TARMAT UMITED.,

Dc )4)-Q

Regina M Sinha CHAIR PERSON DIN NO. :'0008488285

General A.K. Vaidya Marg, Near Wageshwari Mandir, Off Film City Road, Malad ( East) Mumbai - 4OO OgZ Tel No. O22- 2840 2I3O / 2840 1180 Fax: O22 2840 0322 Email : contact@tarmatlimited. Com

Web: www.tarmatlimited.com

CIN : L452O3MHI 986P1C038535

CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES AS ON 31ST MARCH 2027

		Rs.in Lakhs
Sr.No	Particulars	As at	As at3103.2020Audited
		3103.2021
		Audited
D	ASSETS
	Non - Current Assets
	(a) Property, Plant and Equipment	1,801.05	'l,680.94
	(b) Intangible assets	1.4.63	14.63
	(c) Financial Assets
	(i) Other Financial Assets	2,037.19	3,246.72
	(d) Other non-current assets	'l,92299	-l,922.89
	Sub- Total- Non Current Assets	5,775.75	6,865.19
	Current Assets
	(a) Inventories	6,930.27	7,577.00
	(b) Financial Assets
	(i) Trade Receivables	'1.,294.04	2,31.6.74
	(ii) Cash and cash equivalents	'l,469.70	2,785.17
	(iii) Current Investments
	(iv) Short Term Loans and Advances	7,784.56	7,433.46
	Sub - Total - Current Assets	17,478.57	20,112.37
	TOTAL ASSETS	23,254.32	26,977.55
r)	EQUITIES AND LIABILITIES
	Equity
	(a) Equity Share Captial	],,333.07	'1,,333.07
	(b) Other Equity	4,796.19	4,281.53
	Sub- Total - Equity	6,129.25	5,6'1,4.60
	Non- Current Liabilities
	(a) Financial Liabilities
	(i) Long Term Borrowings	8,947.1'1.	l'1.,028.27
	(b) Long Term Provisions	114.31	105.81
	(c) Deferred Tax Liabilities (Net )	37.08
	Sub- Total- Non Current Liabilities	9,098.50	17,134.08

General A.K. Vaidya Marg, Near Wageshwari Mandir, Off Film City Road, Malad ( East) Mumbai - 4OO Og7 Tel No. O22- 2840 2I3O / 2840 1180 Fax: O22 2840 0322 Email ; contact@tarmatlimited. Com

Web: www.tarmatlim ited.com

CIN : L452O3MHI 986P1C038535

	7,4g6.gg
2,025.59	2,741,.99
8,026.57	'l0,228.97
23,254.32	26,977.55
	6,000.99

Place : Mumbai Date : 29lO6l2O2L

For Tarmat Limited

l'4,- I-'- '

Regina M. Sinha Chairperson Din No. :'0008488285

Consolidated Cash Flow Statement for the period ended 31ST March 2021				` in lacs
	March 31 2021			March 31 2020
Net Profit/(Loss) as per Profit & Loss Account		401.56		883.42
Adjustments for Non-Cash and other items
Interest Expense	306.24		236.54
Interest Income	(64.81)		(69.08)
Depreciation	138.23		81.50
Dividend received	0.00		0.00
Provision for Doubtful Debts/ Advances (Net of Recovery)	0.00		0.00
Gratuity provision	8.50		10.63
Preliminary Expenses w/off	0.00		0.00
Loss on Sale of Fixed Assets	0.00		0.00
Investment in JV written off	0.00		0.00
Bad debts written off	0.00		0.00
Operating Profit/(loss) Before Working Capital Changes		789.72		1,143.01
Changes in Working Capital
Adjustment for
Trade & Other Receivables	1,227.98		(242.84)
Loans & Advances	642.60		(3, 119.95)
Inventories	646.73		(1, 853.83)
Fixed Deposit	1,376.41		(1,716.89)
Trade payables and other liabilities	(2,202.29)	1,691.42	4,647.07	(2, 286.44)
Less: Taxes paid		160.73		(160.73)
Net Cash from Operating Activities [A]		2,641.87		(1,304.16)
CASH FLOW FROM INVESTING ACTIVITIES
Purchase of fixed assets	(258.34)		(616.13)
Sale of Fixed Assets	0.00		0.00
Purchase of Non current investments	0.00		0.00
Interest received	64.81		69.08
Dividend received	0.00		0.00
Net Cash from Investing Activities [B]		-193.53		$-547.05$
CASH FLOW FROM FINANCING ACTIVITIES
Dividend and Distribution tax paid
Interest paid	(306.24)		(236.54)
Proceeds from Long Term and Short Term Borrowings (Net	(2,081.16)		1,297.84
Increase in share capital			948.00
Net Cash from Financing Activities [C]		(2,387.40)		2,009.30
	Net increase in Cash and Cash equivalents [A+B+C]60.94			158.09
Cash & Cash equivalents at the beginning of the year		387.39		229.30
Cash & Cash equivalents at the end of the year		448.33		387.39

Note:

$\mathbf{1}$ Cash Flow Statement has been prepared under the indirect method as set in accounting standard (AS) 3 : " Cash Flow Statements issued by the Institute of Chartered Accountants of india

2 Cash and Cash equivalents at the end of the year represent Cash and Bank Balances.

3 Previous Year's figures have been regrouped/reclassified whenever applicable As per our report of even date

For Tarmat Limited

$\bigcirc$

Regina Sinha Chair Person DIN No: 0008488285

General A. K. Vaidya Marg, Near Wageshwari Mandir, Off Film City Road, Malad (E), Mumbai - 400 097 Tel.: 2840 2130 I 1180 Fax .2840 0322 Email : contact@tarmatlimited.com Website : www.tarmatlimited.com CIN : L45203MHl 986P1C038535

Date: 29lune,2027

To, National Stock Exchange of India Limited Exchang e Plaza, 5th Floor, Plot No. C-1-, G Block, Bandra Kurla Complex, Bandra [E), Mumbai - 400 051

To, BSE Limited Phiroze Jeejeebhoy Towers, Dalai Street, Mumbai - 400 001

Dear Sir / Madam,

Disclosure Requirements) Regulations. 201 5.

Ref: NSE Svmbol -TARMAT: BSE Script Gode -532869

ln terms of the provisions of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we confirm that the Statutory Auditors of the Company have issued an Audit Report (Standalone and Consolidated) with unmodified opinion on the Audited Financial Results of the Company for the quarter and year ended 31't March,2021 .

This declaration rs submitted for your kind information and record please.

For Tarmat Limited

,f ---r't-,-- T--

S. Chakraborty Company Secretary & CFO Membership No: F4987