Tashi India Ltd. — Annual Report 2021

May 28, 2021

TASHI INDIA LIMITED

CIN : L5'1900MH1985P1C036521

Regd. Office:lmambada Road, NAGPUR'440018 (MS) (lNDlA)

Tete. : + 91 712 2720071 - 75 Fax:0712- ^2723068

Emai[ :cs@bajajngp.com Website: www.tashiindia.com

'ttLlsECl202l-22108

2810512021

The Corporate Compliance Department BSE Limited lst Floor, New Trading Ring, Rotunda Building' PJ Tower, Dalal Street' Mumbai- 400001

Scrip Code: 512271 Sub: Outcome of Board Meetine held

Dear Sir/Madam,

This is with reference to above subject, we hereby inform you that;

• l. The Meeting of the Board of Directors of the was held on Friday, 28th May' 2021 at2'00 P.M and concluded at 2.30 P.M.
• 1. The Board of Directors has considered and approved the following:
• i) The standalone & consolidated Audited Financial Results of the company for the fourth quarter & year ended on 3l st March, 2021'
• ii) The Auditors Report on Standalone & consolidated Financial Results for rhe year ended on3lstMarch.202l.PleasenotethattheopiniongivenbythestatutoryAuditorsinthe enclosed Audit Report is an unmodified opinion'

Further we are enclosing herewith the statement of Standalone & Consolidated Audited Financial Results for the Fourth Quarter & Year ended 3lst March 2021 duly signed along with.the Auditors n.ponu,providedbytheStatutoryAuditorsoftheCompany&DeclarationbytheDirectorofthe Company regarding the same.

Your are therefore requested to take the aforesaid on your record and oblige'

Thanking You

Yours Faithfully FoTTASHI INDIA LIMITED

gPARTI BATRA COMPANY SECRETARY

TASHI INDIA LIMITED

CIN : 151 900MH1 985P1C036521

Regd. Office :lmambada Road, NAGPUR' 440 018 (MS) (lNDlA) Tete. : + 91 712 ?720071 -75 Fax:0717'2723068 Emait :cs@bajajngp.com Website: www.tashiindia.com

28t0512021

'f he Corporate Compliance Department BSE l,imitcd ^Ist l'loor, New 'frading Ring, Rotunda Building' PJ Tower, Dalal Street' Mumbai-,100001

Scrirr Code: 512271 ub: Declaration i

l)car Sir/Madam,

ln terms of the Regutation 33(3t(d) of SEBI (Listing Obligation and Disclosure Requirements) Regulations. 2015, ie confirm and declare that the Statutory Auditors ofthe company have given an unlmodified opinion (free from any qualification) on the Standalone & consolidated Annual Audited Standalone and Consolidated t'inanciat Results of the Company for the financial year ended 31st March. 2021 .

I'hanking You

Yours F'aithlully, FoTTASHI INDIA LIMITED

AKSHAY ILA,NKA DIRECTOR DIN: (002357811)

VMSS & Associates Chartered Accountants

5G/1, EVEREST,46/C CHOWRINGHEE ROAD, KOLKATA- 700071, INDIA TELEFAX: +91 3340378600' E-MAIL: vmss,kolkata@gmail.com

Independent Auditor's Report on the Quarterly and Year to Date Audited Standalone Financial Results of the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended

To Board of Directors of Tashi India Limited

Report on the audit of the Standalone Financial Results

Opinion

We have audited the accompanying statement of quarterly and year to date standalone financial results of MJs TASHI fNOIA LIMITED (the "Company") for the quarter ended March 31, 2021 and for the year ended on March 31, 2021 ("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 (the "Listing 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 the Listing Regulations in this regard;
• II. gives a true and fair view in conformity with the applicable accounting standards and other accounting principles generally accepted in India, of the Net Profit and other comprehensive income and other financial information of the company for the quarter ended on March 3 I, 2021 and of the Net Profit and other comprehensive income and other financial information of the company for the year ended on March 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, as amended ("the Act"). Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements 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 (,ICAI ') together with the ethical requirements that are relevant to our audit of the standalone financial statements under the provisions of the Act and the Rules there under, 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.

Emphasis of Matter

We draw attention to Note no. 5 to the statement which describes the management's assessment of the financial impact due to Lock-down and other restrictions and condition related to COVID -19 pandemic situations, for which a definitive assessment of the impact in subsequent period is highly dependent of future economic developments and circumstances as they evolve. Our opinion is not modified in respect of this matter.

Management's Responsibilities for the Standalone Financial Results

The statement has been prepared on the basis of the standalone annual financial statements. The Board of Directors of the Company are responsible for the preparation and presentation of the Statement that give a true and fair view of the net profit/loss and other comprehensive income of the company and other financial information in accordance with the applicable accounting standards 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 implementation and maintenance of 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 financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In 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 is also responsible for overseeing the company's financial reporting process.

Auditor's Responsibilities for the Audit of Financial Statements

Our objectives are to obtain reasonable assurance about whether the standalone financial 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 Standards on Auditing 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 financial statements.

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

• Identify and assess the risks of material misstatement of the financial statements, 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 contro!'
• 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)(i) of the Companies Act, 2013, we are also responsible for expressing our opinion on whether the

company has internal financial controls with reference to Financial Statements in place and the operating effectiveness of such controls

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.
• Conclude on the appropriateness of management's 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 financial statements 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 financial statements, including the disclosures, and whether the financial statements 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 Statement includes the results for the quarter ended March 3 I, 2021 being the balancing figure 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 third quarter of the current financial year, which were subject to limited review by us, as required under the Listing Regulations.

For VMSS & Associates Chartered Accountants Firm Registration No: 328952E

Aditya Sethia Digitally signed by

Aditya Sethia Date: 2021.05.28 10:59:24 +05'30'

Aditya Sethia Partner Membership No-311293 UDIN: 21311293AAAAHE3371

Place: Nagpur (Camp) Date: May 28, 2021

TASHI INDIA LIMITED

Registered Office : Imambada Road, Nagpur - 440018 (MH) India.Tel. E-mail : cs@bajajngp.com; Website : www.tashiindia.com CIN: LS1 900MH1 985P1C036521 + +91-0712-2720071, Fax : 0712-2723068; (Rs. In Lakhs)

			TASHI INDIA LIMITED
		Registered Office : Imambada Road, Nagpur - 440018 (MH) India.Tel.	E-mail : cs@bajajngp.com; Website : www.tashiindia.com	+ +91-0712-2720071, Fax : 0712-2723068;
		CIN:	LS1 900MH1 985P1C036521			(Rs.
	Statement of Standalone Audited Financial Results for the Fourth Quarter and Financial Year ended on 31st Ma					In Lakhs) rch, 2021
		Three Months	QUARTER ENDED			YEAR ENDED
	a Particulars	ended 31/03/2021	months ended	Preceding Three Corresponding Three months ended in the	Year ended 31/03/2021	Previous Year ended 31/03/2020
		(Audited)	31/12/2020 (Unaudited)	previous year 31/03/2020 (Audited)	(Audited)	(Audited)
1	Income from operations a) Revenue from Operations	(10.53)
	b) Other Income	(0.65)	61.87 0.35	34.74 28.00	186.70 -	259.19
2	Total Revenue _ Expenses	(11.18)	62.22	62.74	186.70	28.00 287.19
	a) Employee benefit expenses	4.30	3.89	3.81	15.30	14.62
	b) Finance Cost c) Changes in Inventories	(23.53) :	52.00 -	53.49	145.67	213.54
	d) Depreciation and aMortisation expenses	(0.21)	0.46	0.00 0.20	: 0.75	30.40 0.79
	) Other Expenses	3.07	2.86	8.38	11.85
	Total Expenses	(16.37)	59.21	65.88	173.57	18.96 278.31
	Profit (Loss)from before Exceptional Items and Extraordinary Items and Tax	5.19	3.01	(3.14)	13.13
						8.88}
3			-	+
	Exceptional Items Profit (+) / Loss (-) before!	:		(3.14)	13.13	8.88
	Extraordinary Items & Tax	549,	3.01			14.16
7	6 _ Tax Expense _ Net Profit (+) / Loss (-) after Tax	(22.38)	0.88	11.04	(20.26)
3	A ang Comprehensive Income (Net of]	27.57 19.05	2.13 49.04	(14.18)	33.39
	Total Comprehensive Income (TCI )			(96.03)	108.11
	(After Tax) [748]	46.62	SAT	(110.21)	141.50
	10_ Share of Profit/(Loss) of associates Minority interest	-	:	:	-	-
	Net profit((Loss)» TCI after	-	-	-		-
	taxes,minority interest and share of} profit/(Loss) of associates	46.62	51.17	(110.21)	141.50
	Paid up Equity Share Capital (Face! value of Rs. 10/- each)
		74.25	74.25	74.25	74.25	(5.28) (59.22) (64.50) (64.50) 74.25
	other Equity	:	:		1,133.05	991.77
9 1 12 13 14 15	i)Eaming Per Share in Rupees face value of Rs 10/- Each(not annualised)

Aditya Sethia

Digitally signed by Aditya Sethia Date: 2021.05.28 12:33:59 +05'30'

NOTES ON IN

The above financial results are published in accordance with Regulation 33 of the SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015, have been reviewed by the Audit committee and approved by the Board of Directors at their meetings held on 28th May, 2021. These financial results are in accordance with the Indian Accounting Standards (IND AS) as prescribed under Section 133 of the Companies Act 2013, read with rule 9 of the Companies [Indian Accounting Standards) Rules, 2015 and Companies (Indian Accounting Standards) (Amendement Rules), 2016.

• 2 Disclosure of standalone Asstes and Liabilities as per Regulation 33 of the SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015 as at 31st March, 2021.
• 3 Disclosure of standalone Statement of Cash Flow as per Regulation 33 of the SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015 as at 31st March, 2021.
• 4 The Company is engaged primarily in the business of financing and accordingly there are no separate reportable segments as per Ind AS 108 dealing with Operating Segment.
• 5 The outbreak of Corona virus (COVID-19) pandemic is causing significant disturbance and slowdown of economic activity globally and in India. The Company has evaluated impact of this pandemic on its business operations and based on its review and current indicators of future economic conditions, there is no significant impact on its financial results.

by Aditya Sethia

6 Previous year/ quarter figures are regrouped/restated wherever necessary.

DATED: 28TH MAY, 2021 DIRECTOR

Aditya Digitally signed + Date: 2021.05.28 Sethia 123432 40530

FOR TASHI INDIA LIMITED

: * PLACE : NAGPUR AKSHAY RANKA

	2. Disclosure of standalone assets and liabilities as per Regulation 33 of the SEBI (Listing
	Obligations and Disclosure Requirements) Regulations, 2015.
	STATEMENT OF ASSETS AND LIABILITIES		(RS.IN LAKES)
	PARTICULARS	Year ended
		31/03/2021	Year ended 31/03/2020
	ASSETS	(Audited)	(Audited)
	Financial assets (a) Cash and Cash Equivalents	7.26	713.90
	(b) Bank balances other than (a) above (i) Trade Receivables	314.00	297.06
	(ii) Other Receivables	18.70 -	21.08 -
	(c) Loans Investments (d)	1436.64 321.37	1,382.28 175.18
	(e) Other financial Assets	0.22	0.22
1	Sub Total Financial Assets Non Financial assets	2,098.13	2,589.73
	(a) Inventories (b) Current tax Assets (net)	- 38.46	- 45.71
	(c ) Property,Plant & Equipment	68.56	69.31
	(d) Deferred tax Assets (Net) (e) Other Non financial Assets	-7.32 6.10	7.09 6.10
	Sub Total -Non Financial assets	105.80	128.21
	TOTAL ASSETS B EQUITY AND LIABILITIES	2,203.93,	2,717.93
1	Equity (a) Share Capital
	(b) Other Equity	74.25 1133.05	74.25 991.77
	Sub Total Equity Financial Liabilities	1,207.30	1,066.02
	(a) Trade payables	-	-
	(i) total outstanding dues of micro enterprises and small (ii) total outstanding dues of creditors other than micro	-	-
	enterprises and small enterprises	¥	'
	(b ) Borrowings (Other than Debt securities) (c) Other Financial liabilities	OTES2 6.42	1,621.78 2.11
	Total Financial Liabilities Non-Financial Liabilities	977.94	1,623.88
	(a) Provisions	5.15	5.53
2	(b) Other non-financial liabilities Total Non Finacial Liabilities ;	12.94 18.69	22.50
A. 2 3	Total Liabilities TOTAL EQUITY & LIABILITIES	996.63 2,203.93	28.03 1,651.91 2,717.93

Aditya Sethia Digitally signed by Aditya Sethia Date: 2021.05.28 12:34:53 +05'30'

	3. Disclosure of Standalone Statement of Cash Flow as per Regulation 33 of the SEBI
	(Listing Obligations and Disclosure Requirements) Regulations, 2015.
	CASH FLOW STATEMENT
	PARTICULARS	(RS.IN LAKHS) Year ended	Year ended
		31/03/2021	31/03/2020
A.	CASHFLOW FROM OPERATING ACTIVITIES
	NET PROFIT BEFORE TAX &
	EXTRA ORDINARY ITEMS ADJUSTED FOR	13.12	8.88
	: FAIR VALUE IMPACT OF INVESTMENTS	108.11	(59.22)
	DEPRECIATION	0.75	0.79
	OPERATING PROFIT BEFORE
	WORKING CAPITAL CHANGES	121.99	(49.56)
	CHANGES IN .
	TRADE & OTHER RECEIVABLES LOANS AND ADVANCES	2.38	6.52
	TRADE PAYABLES	(54.36) (5.24)	308.33 (2.21)
	INVENTORIES	-	30.40
	CASH GENERATED FOR OPERATIONS
	DIRECT TAXES / PROVISION WRITTEN BACK	64.77 41.91	293.48 (31.36)
	NET CASH FROM OPERATING ACTIVITIES	106.68	262.12
B.	CASHFLOW FROM INVESTING ACTIVITIES
	ASSETS WRITTEN OFF PURCHASE/(SALE) OF SHARES(INVESTMENTS)	- (146.13)	1.40
	(Including Fair Value of Investment)		80.03
	NET CASH USED IN INVESTING ACTIVITIES
c.	CASHFLOW FROM FINANCING ACTIVITIES	(146.13)	81.43
	PROCEEDS FROM SHORT/LONG TERM BORROWINGS	(650.26)	7.00
	NET CASHFLOW FROM FINANCING ACTIVITIES	(650.26)	7.00
	NET CHANGES IN CASH & CASH EQUIVALENTS(A+B+C)	(689.71)	350.55
	CASH & CASH EQUIVALENTS-OPENING BALANCE	1,010.97	660.41
	CASH & CASH EQUIVALENTS-CLOSING BALANCE	321.26	1,010.97
		(689.71)
			350.55

1. Disclosure of Standalone Statement of Cash Flow as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

2. Proceeds from long term and other borrowings are shown net of repayment.

3. Cash and Cash equivalents represent cash and bank balances only including Fixed Deposits.

Digitally signed Aditya Sethia by Aditya Sethia Date: 2021.05.28 12:35:15 +05'30'

'

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

To The Board of Directors of Mis TASm INDIA LIMITED

Report on the audit of the Consolidated Financial Results

Opinion

We have audited the accompanying statement of quarterly and year to date consolidated financial results of Mis T ASHI INDIA LIMITED ("the Holding Company") and its share of the net profit/rl.oss) after tax of its Associates for the quarter ended March 31, 2021 and for the year ended on March 31, 2021 ("Statement"), attached herewith, being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obi igations and Disclosure Requirements) Regulations, 2015 as amended (the "Listing Regulations"),

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

• i) includes the Share ofprofit/(Loss) of the associates.
• I. is presented in accordance with the requirements of the Listing Regulations in this regard;
• 1. gives a true and fair view in conformity with the applicable accounting standards and other accounting principles generally accepted in India, of the consolidated net profit and other comprehensive income and other financial information of the group for the quarter ended on March 31, 2021 and of the net profit and other comprehensive income and other financial information of the group for the year ended on March 31, 2021.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143( I0) of the Companies Act, 2013, as amended ("the Act"). Our responsibil ities under those Standards are further described in the "Auditor's Responsibilities for the Audit of the Consolidated Financial Statements" section of our report. We are independent of the Group, its associates in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (' ICAI ') together with the eth ical requ irements that are relevant to our aud it of the Consolidated financial statements under the provisions of the Act and the Rules there under, 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.

Emphasis of Matter

We draw attention to Note no. 5 to the statement which describes the management's assessment of the financial impact due to Lock-down and other restrictions and condition related to COVID -19 pandemic situations, for which a definitive assessment of the impact in subsequent period is highly dependent of future economic developments and circumstances as they evolve. Our opinion is not modified in respect of this matter.

Management's Responsibilities for the Consolidated Financial Results

The statement has been prepared on the basis of the consolidated annual financial statements. The Board of Directors of the Hold ing company are responsible for the preparation and presentation of the Statement that give a true and fair view of the net profit/loss and other comprehensive income and other financial information of the Group including its associate in accordance with the applicable accounting standards prescribed under section 133 of the Act read with relevant rules issued there under 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 and of Associate 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 Associate and for preventing and detecting frauds and other irregularities; selection and application of appropriate implementation and maintenance of 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 statements 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.

In preparing the statement, the respective Board of Directors of the companies included in the group and associate are responsible for assessing the ability of the group and its Associate to continue as a going concern, disclosing, as applicable, matters related La going concern and us ing the going concern basis of accounting unless the respective Board of Directors either intends to liquidate the respective company 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 its Associate are also responsible for overseeing the company's financial reporting process of the group and Associate.

Auditor's Responsibilities for the Audit of Consolidated Financial Statements

Our objectives are to obtain reasonable assurance about whether the Consolidated financial 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 Standards on Auditing will always detect a material misstatement when it exists. Misstatements can arise fr0111 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 financial statements.

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

• Identify and assess the risks of material misstatement of the financial statements, 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)(i) of the Companies Act, 2013, we are also responsible for expressing our opinion on whether the company has internal financial controls with reference to Financial Statements in place and the operating effectiveness of such controls
• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.
• Conclude on the appropriateness of 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 and its Associate to continue as a going concern. Ifwe conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to mod ify 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 Associate to cease to continue as a going concern.
• Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements 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 of which we are the independent auditors to express an opinion on the statement. we are responsible for the direction, supervision and performance of the audit of the financial information of such entities included in the statement of which we are the independent auditors. For the other entities/Associate included in the statement, which have been provided to us by the Management and management shall remain responsible for the direction, supervision and performance of the review/audits carried out by them. We remain solely responsible for our audit opinion.

We communicate with those charged with governance of Holding Company 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 SEBI Circular No. C1RJCFD/CMD/44120 19 dated 29th 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.

Other Matters

I. The accompanying statement includes the Audited financial report of the associate provided to us by the management and our opinion on the statement, in so far as it relates to the amount and disclosures in respect of these Associate is based solely on the report of the other Auditor.

Our opinion on the statements is not modified in respect of the above matters with respect to our reliance on the work done and the reports of other Auditor of the respective Associate and the financial statements/ financial information/ financial results certified by the management.

1. The Statement includes the results for the quarter ended March 31, 2021 being the balancing figure 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 third quarter of the current financial year. which were subject to limited review by us, as required under the Listing Regulations.

For VMSS & Associates

Chartered Accountants Firm Registration No: 328952E

Aditya Sethia Digitally signed by Aditya Sethia Date: 2021.05.28 11:00:40 +05'30'

Aditya Sethia Partner Membership No-311293 UDIN: 21311293AAAAHF7026

Place: Nagpur (Camp) Date: May 28,2021

	Statement of Consolidated Audited Financial Results for the Fourth Quarter and Financial Year ended on 31st March, 2021		TASHI INDIA LIMITED
						(Rs. In Lakhs)
	Statement of Consolidated Audited Financial Results for the Fourth Quarter and Financial Year ended on 31st March, 2021		QUARTER ENDED
	Particulars	Three Months ended 31/03/2021 (Audited)	Preceding Three months ended 31/12/2020 (Unaudited)	Corresponding Three months ended in the	Year ended 31/03/2021	YEAR ENDED
				previous year 31/03/2020	(Audited)	Previous Year ended 31/03/2020 (Audited)
$\mathbf{1}$	Income from operations			(Audited)
	a) Revenue from Operations b) Other Income	(10.53)	61.87	34.74	186.70	259.19
$\overline{2}$	Total Revenue Expenses	(0.65) (11.18)	0.35 62.22	28.00 62.74	186.70	28.00 287.19
	a) Employee benefit expenses b) Finance Cost	4.30 (23.53)	3.89 52.00	3.81 53.49	15.30 145.67	14.62
	c) Changes in Inventories d) Depreciation and amortisation expenses	$\overline{\phantom{a}}$ (0.21)	÷, 0.46	0.00 0.20	$\overline{\phantom{a}}$ 0.75	213.54 30.40
	e) Other Expenses Total Expenses	3.07 (16.37)	2.86 59.21	8.38	11.85	0.79 18.96
$\overline{\mathbf{3}}$	Profit /(Loss)from before Exceptional	5.19	3.01	65.88 (3.14)	173.57 13.13	278.31
$\overline{4}$	Items and Extraordinary Items and Tax Exceptional Items	$\frac{1}{2}$	$\overline{\phantom{a}}$			8.88
5	Profit $(+)$ / Loss $(-)$ before Extraordinary Items & Tax	5.19	3.01	(3.14)	13.13	8.88
6 $7\phantom{.}$	Tax Expense Net Profit (+) / Loss (-) after Tax	(22.38) 27.57	0.88 2.13	11.04 (14.18)	(20.26) 33.39	14.16
$\bf{8}$	Other Comprehensive Income (Net of $\left(\text{tax}\right)$	19.05	49.04	(96.03)	108.11	(5.28) (59.22)
9	Total Comprehensive Income (TCI ) (After Tax) [7+8]	46.62	51.17	(110.22)	141.50	(64.50)
10 11	Share of Profit/(Loss) of associates Minority interest	$\omega$	$\overline{\phantom{a}}$ ٠	٠ ۷	٠	$\blacksquare$ ÷
$12$	Net profit/(Loss)- TCI after taxes, minority interest and share of	46.62	51.17	(110.22)	141.50	(64.50)
13	profit/(Loss) of associates Paid up Equity Share Capital (Face value of Rs. 10/- each)	74.25	74.25	74.25	74.25	74.25
14	Other Equity	٠	$\overline{\phantom{a}}$	$\overline{\phantom{a}}$	1,232.61	1,090.73
15	i)Earning Per Share in Rupees face value of Rs 10/- Each(not annualised)

Aditya Sethia

Digitally signed by Aditya Sethia Date: 2021.05.28 12:36:05 +05'30'

NOTES ON ACCOUNTS:-

• The above financial results are published in accordance with Regulation 33 of the SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015, have been reviewed by the Audit committee and approved by the Board of Directors at their meetings held on 28th May, 2021. These financial results are in accordance with the Indian Accounting Standards (IND AS) as prescribed under Section 133 of the Companies Act 2013, read with rule 9 of the Companies [Indian Accounting Standards) Rules, 2015 and Companies (Indian Accounting Standards) (Amendement Rules), 2016.
• Disclosure of Consolidated Asstes and Liabilities as per Regulation 33 of the SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015 as at 31st March, 2021.
• Disclosure of Consolidated Statement of Cash Flow as per Regulation 33 of the SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015 as at 31st March, 2021.
• The Company is engaged primarily in the business of financing and accordingly there are no separate reportable segments as per Ind AS 108 dealing with Operating Segment.
• The outbreak of Corona virus (COVID-19) pandemic is causing significant disturbance and slowdown of economic activity globally and in India. The Company has evaluated impact of this pandemic on its business operations and based on its review and current indicators of future economic conditions, there is no significant impact on its financial results.
• Previous year/ quarter figures are regrouped/restated wherever necessary.

DATED: 28TH MAY, 2021

PLACE : NAGPUR Seth ia Date: 2021.05.28 Ad Fi itya

Digitally by Aditya signed Sethia 12:36:30 +05'30'

FOR TASHI INDIA LIMITED

AKSHAY RANKA ~

DIRECTOR

2. Disclosure of Consolidated assets and liabilities as per Regulation 33 of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015.
STATEMENT OF ASSETS AND LIABILITIES		(RS.IN LAKHS)
	Year ended	Year ended
PARTICULARS	31/03/2021	31/03/2020
ASSETS	(Audited)	(Audited)
Financial assets
(a) Cash and Cash Equivalents (b) Bank balances other than (a) above	7.26 314.00	713.92
(i) Trade Receivables	18.70	297.05 21.08
(ii) Other Receivables (c) Loans	- 1436.64	- 1,382.28
(d) Investments (e) Other financial Assets	420.87	274.14
Sub Total Financial Assets	0.22 2,197.69	0.22 2,688.69
Non Financial assets (a) Inventories
(b) Current tax AsSets (net)	- 38.47	- 45.71
(c) Property,Plant & Equipment (d) Deferred tax Assets (Net)	68.56 (7.32)	69.31 7.09
(e) Other Non financial Assets	6.09	6.10
Sub Total -Non Financial assets TOTAL ASSETS	105.80 2,303.49	128.21
EQUITY AND LIABILITIES		2,816.89
Equity (a) Share Capital	74.25
(b) Other Equity	1232.61	74.25 1,090.73
Sub Total Equity Financial Liabilities	1,306.86	1,164.98
(a) Trade payables	-	-
(i) total outstanding dues of micro enterprises and small (ii) total outstanding dues of creditors other than micro	-	-
enterprises and small enterprises	: s	S
(b ) Borrowings (Other than Debt securities) (c) Other Financial liabilities	97152	1,621.78
Total Financial Liabilities	6.42 977.94	2h 1,623.88
Non-Financial Liabilities (a) Provisions	5.75
(b) Other non-financial liabilities	12.94	5.53 22.50
Total Non Finacial Liabilities Total Liabilities	18.69 996.63	28.03
TOTAL EQUITY & LIABILITIES	2,303.49	1,651.91 2,816.89

Sethia ¹igitally signed Aditya iris Sinn Date: 2021.05.28 12:36:54 +05'30'

	(Listing Obligations and Disclosure Requirements) Regulations, 2015.
	CASH FLOW STATEMENT
	PARTICULARS	(RS.IN LAKHS)
		Year ended	Year ended
A.	CASHFLOW FROM OPERATING ACTIVITIES	31/03/2021	31/03/2020
	NET PROFIT BEFORE TAX &
	EXTRA ORDINARY ITEMS
	ADJUSTED FOR	13.12	8.88
	FAIR VALUE IMPACT OF INVESTMENTS	108.11	(59.22)
	SHARE OF PROFIT/(LOSS) OF THE ASSOCIATE COMPANY	0.60	2.17
	DEPRECIATION	0.75	0.79
	ee OPERATING PROFIT BEFORE
	WORKING CAPITAL CHANGES
	CHANGES IN	122.59	(47.38)
	TRADE & OTHER RECEIVABLES
	LOANS AND ADVANCES	2.38	6.52 308.33
	TRADE PAYABLES	(54.36) (6.24)	(2.21)
	INVENTORIES	:	30.40
	CASH GENERATED FOR OPERATIONS	65.37	295.66
	DIRECT TAXES / PROVISION WRITTEN BACK NET CASH FROM OPERATING ACTIVITIES	41.91	(31.36)
		107.28	264.30
B.	CASHFLOW FROM INVESTING ACTIVITIES
	ASSETS WRITTEN OFF PURCHASE/(SALE) OF SHARES(INVESTMENTS)	'	1.39
	(Including Fair Value of Investment)	146.73	77.86
	NET CASH USED IN INVESTING ACTIVITIES	146.73
c.	CASHFLOW FROM FINANCING ACTIVITIES	eee	79.25
	PROCEEDS FROM SHORT/LONG TERM BORROWINGS	(650.26)	7.00
	NET CASHFLOW FROM FINANCING ACTIVITIES	(650.26)	7.00
	NET CHANGES IN CASH & CASH EQUIVALENTS(A+B+C)	(689.71)	350.55
	CASH & CASH EQUIVALENTS-OPENING BALANCE
	CASH & CASH EQUIVALENTS-CLOSING BALANCE	1,010.97	660.41
		321.26	1,010.96

1. Disclosure of Consolidated Statement of Cash Flow as per Regulation 33 of theSEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

(689.71) 350.55 01. Proceeds from long term and other borrowings are shown net of repayment. 02. Cash and Cash equivalents represent cash and bank balances only including Fixed Deposits.

ⁱDigitally signed Ad Itya pyaditya Sethia : Date: 2021.05.28 Sethia 12:37:16 +05'30°