Tashi India Ltd. — Interim / Quarterly Report 2021

Aug 5, 2021

CIN : L51900MH1985PLC036521

Regd. Office :lmambada Road, NAGPUR· 440 018 (MS) (INDIA) Tele. : + 91 712 2720071 - 75 Fax: 0712- 2723068 Email :cs@bajajngp.com Websne: www.tashiindia.com ·········••"····•·" .................................................... , ................................................................................................ .

TIL/SEC/2021-22/1 S 2021

August 05,

The Corporate Compliance Oepartment BSE Limited 1st Floor, New Trading Ring, Rotunda Building, PJ Tower, Dalal Street, Mumbai- 400001

Scrip Code: 512271 Sub: Outcome of Board Meeting held on 05th August, 2021

Dear Sir/Madam,

Pursuan_t to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 this is to inform you that;

I. The Meeting of the Board of Directors of the Company was held on Thursday, 05th August, 2021 at 2.30 P.M and concluded at 4.00 P.M.

1. The foIJowing business were transacted at the meeting at the Registered Office of the Company situated at Imambada Road, Nagpur 440018:

i) Approved and taken on record the Unaudited Standalone & Consolidated Financial Results as per Indian Accc;mnting Standards (IND AS) alongwith Limited Review Report by the Statutory Auditors of the Company for the First Quarter ended 30th June 2021.

ii) Fixation of date of 36th Annual General Meeting of the Company to be held on Tuesday, 28th September, 2021 at 2.30 P.M.

iii) Closure of Register of Members and Transfer Books, maintained with the Depositori~s & Registrar & Transfer Agent from 18th Septe_mber, 2021 to 28th September, 2021 (both days are inclusive) for the purpose of ensuing 36th Annual General Meeting of the Company to be held on 28th September, 2021.

We further inform you that Notice of 36th Annual General Meeting along with Annual Report for the Financial Year 2020-2021 will be intimated in due course,

CIN : L51900MH1985PLC036521 Regd. Office :lmambada Road, NA~PUR- 440 018 (M~) (INDIA) Tele. : + 91 712 2720071 - 75 Fax: 0712- 2723068 Email :cs@bajajngp.com Website: www.tashiindia.com '• • • • • • • • • •" • • • • • t • • • •. • • ,j • • • • • • • • • • • • •••••••a••• e • • c • • • e •a•• • a o, • • • • • • • • • • • •• • I 0 o • a• a a:• a j • • 0 • • • • o • • • o • • • I • • • • • • • • • • • • • • •

We have enclosed herewith the statement of Standalqne & Consolidated Unaudited Financial R~sults for the First Quarter ende9 301h June, 2021 duly signed along with Limited Review Report as provided by th~ Statutory Auditors of the <;ompany.

You are therefore requested to take the aforesaid on your record and oblige.

Thanking You

Yours Faithfully For T ASID INDIA iIMIT)l;D

Encl: As above

VMSS & Associates Chartered Accountants

5G11. EVEREST. 46/C CHOWRINGHEE ROAD. KOLKATA-700 071. INDIA TELEFAX: +91 3340378600 • E-MAIL: vmss.kolkata@gmail.com

Independent Auditor's Review Report on the Quarterly Un-Audited 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 Tashi India Limited Nagpur

We have reviewed the accompanying statement of unaudited standalone financial results of Mis TASHIINDIA LIMITED (" The Company") for the quarter ended on 30ih June. 2021 attached herewith. being submitted by the company pursuant to the requirements of Regulation 33 of the SEBI (listing Obligations and Disclosures Requirements) Regulations 2015, as amended.

The 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 tile recognition and measurement principles laid down In Indian Accounting Standard 3 Interim Financial Reporting ('Ind AS 34'). prescribed under Section 133 of the Comparues Act. 2013 ('the Act'). read with re evant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on tile Statement based on our review

We conducted our review in accordance with the standard on Review Engagement (SRE) 2410, Engagements to Review of Interim Financial information performed by tile 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 financial statements are free of material misstatement A review IS limited primarily to inquiries of Company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

Based on our review conducted as above. nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results prepared In accordance with applicable accounting standards (lnd As) under secuon 133 of the Companies Act. 2013. read with relevant rules issued there under and other reeognsed accounting practices and policies generally accepted in India, has not disclosed the Information required to be disclosed in terms of Regulation 33 of the SEBI (listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner In which it is to be disclosed. or that it contains any material misstatement

KOLKATA NEW DELHI

We draw attention to Note-3 of the accompanying Statement, which describes the uncertainties relating to the COVI 0-19 pandemic outbreak and management's evaluation of the Impact on the financial results of the Company as at the reporting date. The impact of these uncertainties on the Company's operations is significantly dependent on future developments. Our opinion is not modified in respect of this matter.

Date: 5 th August, 2021

Place: Nagpur (Camp) For VMSS & Associates Chartered Accountants

Firm Registration No. 328952E AL----;

Adltya Sethia Partner Membership No-311293 UDIN: 21311293AAAAJH4690

Registered Office ..Imambada Road, Nagpur - 440018 (MH) lndia. Tel... +91-0711-171007/, Fax .. 0711-1713068,' E-mail ..cs@hajajllgp.com; Website ..www.tashiindia.com ClN .. L51900MHI985PLC036521

					i(Rs. In Lakhs)
	Statement of Standalone Unaudited Particulars	Financial Three .\10nths ended 30106/2021 (Unaudited)	Results for the First Quarter Three months ended 31/03/2021 (Audited)	ended on 30th June, 2021 Corresponding Three months ended Year ended in the previous year 30/06/2020	31/0312021 (Audited)
I	Income from operations			(Unaudited)
	a) Revenue from Operations	35.82	(10.53)	68.15	186.70
	b) Other Income	0.48	(0.65)	-	-
	Total Revenue	36.30	(11.18)	68.15	186.70
2	Expenses a) Employee benefit expenses	3.74	4.30	3.23	15.30
	b) Change in Inventories c) Finance Cost	- 13.48	- (23.53)	- 60.71	- 145.67
	d) Depreciation and amortisation expenses	0.18	(0.21 )	0.18	0.75
	e) Other Expenses	3.02	3.07	2.47	11.85
	Total Expenses	20.42	( 16.37)	66.59	173.57
3	Profit I(Loss)from before Exceptional Items and Extraordinary Items and Tax	15.88	5.19	1.56	13.13
4	Exceptional Items	-	-	-	-
5	Profit (+) I Loss (-) before Items & Tax Extraordinary	15.88	5.19	1.56	13.13
6	Tax Expense	3.98	(22.38)	0.39	(20.26)
7	Net Profit (+) I Loss (-) after Tax	11.90	27.57	1.17	33.39
8	Other Comprehensive Income (Net of tax)	34.59	19.05	30.04	108.11
9	Total Comprehensive Income (TCI ) (After Tax) [7+8]	46.49	46.62	31.21	141.50
10	Share of Profit/I l.oss) of associates	-	-	-	-
1\	Minority interest	-	-	-	-
12	Net profit/(Loss)- TCI after taxes,minority interest and share of profit/Il.oss) of associates	46.49	46.62	31.21	141.50
13	Paid up Equity Share Capital (Face value ofRs. 101- each)	74.25	74.25	74.25	74.25
14	Other Equity	-	-	-	1,133.05
15	i)Earning Per Share in Rupees face value of Rs 10/- Each (not annualised)
	Basic & diluted	6.26	6.28	4.20	19.06
	a * ~ n K ~ t~ TA :) - ~ S ~~ ~?>~ 610'Acco-vt\			I- ~ ~ .••~.,;!	"'~ \ ~. "

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 5th August, 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 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.

• 3 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.
• 4 Certain year end provisions such as Deferred Tax has not been considered in quarterly results above.
• 5 The figures for the corresponding previous period have been regrouped/restated wherever necessary.

FORTA~

PLACE: NAGPUR AKSHA Y RANKA DIRECTOR

VMSS & Associates Chartered Accountants

5G/1, EVER.EST, 461C CHOWRINGHEE ROAD, KOLKATA· 700 071, INDIA TELEFAX: +91 3340376600· E-MAIL: vmss.kolkata@gmail.com

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

To, The Soard of Directors Tashi India limited Nagpur,

We have reviewed the accompanying statement of unaudited consolidated financial results of MIs TASHI INDIA LIMITED (liThe Holding Company) and its Associate (the Holding company and its Associate together referred to as "the Group") for the quarter ended on 30\11June, 2021, attached herewith, being submitted by the company pursuant to the requirements of Regulation 33 of the SESI (Listing Obligations and DIsclosures Requirements) Regulations, 2015, as amended

The 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 Comparue-, Act. 2013 ('the Act'). read with relevant rules issued thereunder and other accounting principles generally accepted in India Our responsibmty is to express a conclusion on the Statement based on our review

We conducted our review in accordance with the standard on Review Engagement (SRE) 2410, Engagements to Review of Interim Financial information performed lJy 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 financial statements are free of matenal misstatement A review is limited primarily to Inquiries of Company personnel and analytical procedures applied to financial data and tnus provides less assurance than an audit We have not performed an audit and accordingly, we do not express an audit opinion.

Based on our review conducted as above. nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results prepared In accordance with applicable accounting standards (Ind As) under section 133 of the Companies Act. 2013, read with relevant rules issued there under and other recoqrused accounting practices and policies generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner In which it is to be disclosed, or that it contains any material misstatement

We draw attention to Note-3 of the accompanying Statement, which describes the uncertainties relating to the COVI 0-19 pandemic outbreak and management's evaluation of the impact on the financial results of the Company and its subsidianes as at the reporting date. The impact of these uncertainties on the Company's operations is significantly dependent on future developments Our opinion is not modified in respect of this matter.

Place: Nagpur (Camp)

Date: 5 th August, 2021

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

~

Aditya Sethia Partner Membership No-311293 UDIN: 21311293AAAAJI8654

Registered Office: Imambada Road. Nagpur - 440018 (MH) India. Tel. : +91-0712-2720071. Fax: 0712-2723068,' E-mail: c5@bajajl1gp.com,· Website: www.tashiindia.com C/N: L51900MHI985PLC036521

					I(Rs. In Lakhs)
I	Statement of Consolidated Unaudited Particulars Income from operations	Financial Results Three Months ended 30/06/2021 (Unaudited)	for the First Three months ended 3110312021 (Audited)	Quarter ended on 30th Corresponding Three months ended in the previous year 30/06/2020 (Unaudited)	June. 2021 Year ended 3110312021 (Audited)
	a) Revenue from Operations	35.82	(10.53)	68.15	186.70
	b) Other Income Total Revenue	0.48 36.30	(0.65) (I 1.18)	68.15	186.70
2	Expenses
	a) Employee benefit expenses	3.74	4.30	3.23	15.30
	b) Change in Inventories
	c) Finance Cost	13.48	(23.53)	60.71	145.67
	d) Depreciation and amortisation expenses	0.18	(0.21 )	0.18	0.75
	e) Other Expenses	3.02	3.07	2.47	11.85
	Total Expenses	20.42	( 16.37)	66.59	173.57
3	Profit I(Loss)from before Exceptional Items and Extraordinary Items and Tax	15.88	5.19	1.56	13.13
4	Exceptional Items
5	Profit (+) 1 Loss (-) before Items & Tax Extraordinary	15.88	5.19	1.56	13.13
6	Tax Expense	3.98	(22.38)	0.39	(20.26)
7	INet Profit (+) 1 Loss (-) after Tax	11.90	27.57	1.17	33.39
8	Other Comprehensive Income (Net of tax)	34.59	19.05	30.04	108.11
9	Total Comprehensive Income (Tel) Tax) [7+8] (After	46.49	46.62	31.21	141.50
10	Share of Profit/CLoss) of associates
II	Minori~interest
12	Net profit/(Loss)- TCI after taxes,minority interest and share of profit/Il.oss) of associates	46.49	46.62	31.21	141.50
13	Paid up Equity Share Capital (Face value of Rs. 101- each)	74.25	74.25	74.25	74.25
14	Other Equity				1,232.61
15	i)Earning Per Share in Rupees face value ofRs 101- Each (not annualised)
	Basic & diluted	6.26	6.28	4.20	19.06

NOTES ON ACCOlJNTS:-

• 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 5th August, 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 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.

• 3 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.
• 4 Certain year end provisions such as Deferred Tax has not been considered in quarterly results above.
• 5 The figures for the corresponding previous period have been regrouped/restated wherever necessary.

FORTA~TED

AKSHA Y RANKA DIRECTOR