Tarmat Limited — Interim / Quarterly Report 2022

Aug 14, 2021

$\boldsymbol{\star}$ tarmat $\boldsymbol{\times}$

• · AIRPORTS
• · HIGHWAYS
• · INFRASTRUCTURE
• · RAILWAYS
• · REAL ESTATE

Date: August 14, 2021.

To. National Stock Exchange of India Limited Exchange 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,

Subject: Outcome of the Board Meeting held on Saturday, August 14, 2021.

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), we wish to inform you that, the Board of Directors of the Company at its meeting held today i.e. Saturday, August 14, 2021, interalia, considered and approved the following:

• 1. The Un-audited Standalone and Consolidated Financial Results of the Company for the quarter ended June 30, 2021 along with Limited Review Reports of the Statutory Auditors thereon. A Copy of Results and Limited Review Reports are enclosed;
• 1. Convening of 36th Annual General Meeting (AGM) of the Company through Video Conferencing/ other audio visual means on Tuesday, September 28, 2021, at 1.00 p.m. The venue of the meeting shall be deemed to be the Registered Office of the Company at General A. K. Vaidya Marg; near Wagheshwari Mandir, Off Film City Road, Malad (East), Mumbai - 400 097.
• 1. Closure of the Register of Members and Share Transfer Books of the Company from Wednesday, September 22, 2021 to Tuesday, September 28, 2021 (both days inclusive) for the purpose of 36th AGM;
• 1. Fixed the Record Date as Tuesday, September 21, 2021 for the purpose of reckoning the members entitled to offering remote evoting facility to the members of the Company in respect of business to be transacted at 36th AGM.
• 1. Decided to provide e-voting facility to the shareholders of the Company for the ensuing 36th AGM through CDSL platform'.
• 1. Approved Director's Report with Annexure, Notice of 36th AGM, Management Discussion and Analysis and Corporate Governance Report, etc.

TARMAT LIMITED

• · AIRPORTS
• · HIGHWAYS
• · INFRASTRUCTURE
• · RAILWAYS
• · REAL ESTATE
• 1. Appointment of Mr. Prashant Diwan, Practising Company Secretary as a Scrutinizer to Scrutinize evoting and submit their report as prescribed under Company's Act, 2013.

The Meeting commenced at 01.00 p.m. and concluded at $3 \cdot 0 5$ p.m.

Kindly take the above on your record.

Thanking you,

For Tarmat Limited

$\overline{\mathcal{L}}$ $-\epsilon$

S. Chakraborty Company Secretary & CFO

TARMAT LIMITED

• · AIRPORTS
• · HIGHWAYS
• · INFRASTRUCTURE
• · RAILWAYS
• · REAL ESTATE

Statement of Standalone Unaudited Financial Results for the Quarter ended 30th June, 2021.

	Particulars	Standalone statement(Rs. in Lakhs)
Sr.No			Year Ended
		30.06.2021	31.03.2021	30.06.2020	31.03.2021
		Unaudited	Audited	Unaudited	Audited
	Income
л	Revenue from operations	5264.73	6,166.20	3,630.59	17,066.42
п	Other Income	9.08	26.17	36.47	125.95
ш	Total Revenue (1+11)	5273.81	6,192.37	3,667.06	17,192.37
IV	Expenses:
	Cost of materials consumed	1625.97	1,214.83	1,354.16	3,704.94
	Construction expenses	3171.68	4,284.39	1,946.29	11,521.77
	Employee benefit expenses	149.52	175.86	150.06	584.11
	Finance costs	55.73	243.09	11.81	306.24
	Depreciation and amortization expense	25.80	47.40	28.08	131.68
	Other expenses	108.49	151.90	66.84	542.07
	Total Expenses	5137.19	6,117.47	3,557.24	16,790.81
V.	Profit before exceptional and
	extraordinary items and tax (III - IV)	136.62	74.90	109.82	401.56
VI	Exceptional items
VII	Profit before extraordinary items and$tax(V - VI)$	136.62	74 90	109.82	401.56
VIII	Extraordinary Items
仪	Profit before tax (VII - VIII)	136.62	74.90	109.82	16401.56
×	Tax expenses
	(1) Current Tax			c
	(2) Current tax relating to prior years	$\sim$	$-160.73$		$-160.73$
	(3) Deferred tax Assets	$-3.82$	34.24	19.58	52.82
XI.	Profit (Loss) for the period (IX-X)	140.44	201.39	90.24	509.47

TARMAT LIMITED

* TARMATX

• · AIRPORTS
• · HIGHWAYS
• · INFRASTRUCTURE
• · RAILWAYS

· REAL ESTATE

XII.	Other Comprehensive Income		÷
	(a) Items not to be reclassified subsequentlyto profit or loss valuationIncome tax effect on above		2	è.
	(b) Items to be reclassified subsequentlyto profit or loss other comprehensiveincome for the period, net of tax		ΩC,
XHI	Total Comprehensive income for theperiod net of tax (XI + XII )	140.44	201.39	90.24	509.47
XIV	Paid-up Equity Share Capital (Face Valueof Rs 10 Per Share )	1,333.07	1,333.07	1,333.07	1,333.07
XV.	Earnings per equity share:
$\overline{1}$	Basic
ij	Computed on the basis of profit fromcontinuing operation	1.05	1.51	0.68	3.82
ii	Computed on the basis of total profit forthe year	1.05	1.51	0.68	3.82
2)	Diluted
ŋ	Computed on the basis of profit fromcontinuing operation.	1.05	1.51	0.68	3.82
滑	Computed on the basis of total profit forthe year	1.05	1.51	0.68	3.82

NOTES:

• 1. The above Standalone results have been reviewed by the Audit committee and approved and taken on record by the Board of Directors of the Company at their respective meeting held on August 14, 2021. The statutory auditors have carried out limited review of the results for the quarter ended 30th June 2021.
• 1. The company is operating in only one segment; accordingly no separate reporting is required.
• 1. Previous period figures have been regrouped and reclassified to make them comparable with the figures of the current period.

Place : Mumbai Date: 14.08.2021

For Tarmat Limited

inde

Mrs. Regina M. Sinha Chairperson DIN No.: 08488285

TARMAT LIMITED

Mehta Kothari & Assosicates

CHARTERED ACCOUNTANTS Partner Pradip C. Mehta - B.Com., LL B (G), F.C.A. $- B.$ Com $11B.$ (G) $FCA$ Atul Kulkami

1. Great Viestern Building. Maharashtra Chambers of Commerce Lane Fort. Mumbai - 400001 Phone: +91-22-2287 3102, 2287 3066 Email mehlakothan24@gmail.com

Independent Auditor's Review Report on the Quarterly Unaudited 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

• 1. We have reviewed the accompanying statement of unaudited standalone financial results of Tarmat Limited (the 'Company') for the quarter ended June 30, 2021 (the 'Statement') being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
• 1. The preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India is the responsibility of the Company's management and has been approved by the Board of Directors of the Company. Our responsibility is to issue report on the statement based on our review.
• 1. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the statement is free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
• 1. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited standalone financial results prepared in accordance with applicable Indian Accounting Standards ("Ind AS") specified under section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other recognised accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEB1 (Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement.

For MEHTA KOTHARI & ASSOCIATES Chartered Accountants

FRN: 106247

Pradip Mehta Partner Membership No. 35447 UDIN - 21035447AAAADD5606

Place : Mumbai 14/08/2021 Date

• · AIRPORTS
• · HIGHWAYS
• · INFRASTRUCTURE
• · RAILWAYS
• · REAL ESTATE

Statement of Consolidated Unaudited Financial Results for the Quarter ended 30th June, 2021.

Sr.No	Particulars	Consolidated statement(Rs. in Lakhs)
			Quarter ended
		30.06.2021	31.03.2021	30.06.2020	31.03.2021
		Unaudited	Audited	Unaudited	Audited
	Income
$\mathbf{I}$	Revenue from operations	5264.73	8,682.95	3,630.59	19,583.17
$\mathbf{1}$	Other Income	9.08	33.08	36.47	132.86
ш	Total Revenue (1+11)	5273.81	8,716.03	3,667.06	19,716.03
IV.	Expenses:
	Cost of materials consumed	1625.97	1,214.84	1,354.16	3,704.94
	Construction expenses:	3171.68	6,792.77	1,946.29	14,030.14
	Employee benefit expenses	149.52	183.23	150.06	591.48
	Finance costs:	55.73	243.09	11.81	306.24
	Depreciation and amortization expense	25.80	52.54	28.08	138.23
	Other expenses	108.49	153.27	66.84	543.44
	Total Expenses	5137.19	8,639.74	3,557.24	19,314.47
ÿ	Profit before exceptional andextraordinary items and tax (III - IV)	136.62	76.29	109.82	401.56
VI.	Exceptional items
VII.	Profit before extraordinary items and$tax(V-VI)$	136.62	76.29	109.82	401.56
VIII	Extraordinary Items
IX.	Profit before tax (VII - VIII)	136.62	76.29	109.82	401.56
х	Tax expenses
	(1) Current Tax
	(2) Current tax relating to prior years		$-160.73$		$-160.73$
	(3) Deferred tax Assets	$-3.82$	30.08	12.69	47.64
X1	Profit (Loss) for the period (IX-X)	140.44	206.94	97.13	514.65

TARMAT LIMITED

• · AIRPORTS
• · HIGHWAYS
• · INFRASTRUCTURE
• · RAILWAYS
• · REAL ESTATE

ХII	Other Comprehensive Income
	(a) Items not to be reclassified subsequentlyto profit or loss valuation	۳.	i ti
	Income tax effect on above	ä,
	(b) Items to be reclassified subsequentlyto profit or loss other comprehensiveincome for the period, net of tax	v.	- 3	÷.
XHI:	Total Comprehensive income for theperiod net of tax (XI + XII )	140.44	206.94	97.13	514.6
XIV	Paid-up Equity Share Capital (Face Valueof Rs 10 Per Share 1	1,333.07	1,333.07	1,333.07	1,333.07
XV.	Earnings per equity share:
1)	Basic
1)ыr	Computed on the basis of profit fromcontinuing operation	1.05	1.55	0.73	3,8
讲	Computed on the basis of total profit forthe year	1.05	1.55	0.73	3.8
2)	Diluted
$\left \right\rangle$	Computed on the basis of profit fromcontinuing operation	1.05	1.55	0.73	3.8
$\overline{\mathbf{u}}$	Computed on the basis of total profit forthe year	1.05	1.55	0.73	3.8

NOTES:

• 1. The above Consolidated results have been reviewed by the Audit committee and approved and taken on record by the Board of Directors of the Company at their respective meeting held on August 14, 2021. The statutory auditors have carried out limited review of the results for the quarter ended 30th June 2021.
• 1. The company is operating in only one segment; accordingly no separate reporting is required.
• 1. Previous period figures have been regrouped and reclassified to make them comparable with the figures of the current period.

Place : Mumbai Date: 14.08.2021

For Tarmat Limited

$104$

Mrs. Regina M. Sinha Chairperson DIN No.: 08488285

TARMAT LIMITED

Mehta Kothari & Assosicates CHARTERED ACCOUNTANTS

PartnersPradip C. Mehta - B.Com., LL B (G), F.C.A. - B.Com, LL B (G), F.C.A. And Kulkarn

134: Great Western Building, Maharashira Chambers of Commerce Lane Fort, Mumbai - 400001 Phone: +91-22-2287 3102, 2287 3066 Email mehlakothat24@gmail.com

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

Tn

The Board of Directors of TARMAT LIMITED

1. We have reviewed the accompanying Statement of Consolidated Unaudited 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 ended June 30, 2021 ("the Statement"), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

2. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been 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. and other accounting principles generally accepted in India. Our responsibility is to express a report on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information performed by the Independent Auditor of the Entity", issued by the Institute of Chartered accountants of India. A review 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.

We also performed procedures in accordance with the Circular No. CIR/CFD/CMD1/44/2019 dated 290 March, 2019 issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.

1. The Statement includes the results of the following entities: (a) NG & TARMAT (Gujarat) (b) NG & TARMAT (Goa) (c) MSKEL TARMAT (d) SONAI TARMAT

2. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laiddown in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing

Mehta Kothari & Assosicates CHARTERED ACCOUNTANTS Partner PartnersPradip C. Mehta - 8.Com., LL 8 (G), F.C.A.Atul Kulkarni - - 8.Com. LL 8 (G), F.C.A. Atul Kukami

134, Great Western Building, Maharashira Chambers of Commerce Lane Fort, Mumbai - 400001. Phone: +91-22-2287 3102, 2287 3066 Email: mehiskothan24@gmail.com $\mathbb{Z}$

Obligations and Disclosure Requirements) Regulation 2015 as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

1. We did not review the interim financial information of the four Joint Ventures included in the Statement, whose interim financial information reflect total revenues of Rs, NIL and total net profit and total comprehensive income of Rs NIL for the quarter ended June 30, 2021 as considered in the Statement. These interim financial information are not reviewed by us and have been furnished to us by the management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these joint Ventures, is based solely on the information provided to us by the Management.

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

For MEHTA KOTHARI & ASSOCIATES Chartered Accountants

FRN: 106247

Touchell

Pradip Mehta Partner Membership No. 35447 UDIN - 21035447AAAADD5606

Place : Mumbai Date : 14/08/2021