Tashi India Ltd. — Interim / Quarterly Report 2021

Feb 10, 2021

TASHI INDIA LIMITED

CIN : 151 900MH1985P1C036521

Regd. Office :lmambada Road, NAGPUR' 440018 (MS) (lNDlA) Tete. : + 91 712 2720071 - 75 Fax: 071?- 2723068 Emai[ :cs@bajajngp.com Website: www.tashiindia.com

TIL/SEC/2020-2ll February 10,,2021

The Listing compliance Department BSE Limited, I't Floor, New 'Irading Ring, Rotunda Building, P.J. Tower, Dalal Street, Murrnat - +oo out

Scrip Code : 512271

Sub: Outcome of Board Meetine held on lgth Februarv. 2021

'Ihis is with reference to the above rnentioned Subject, we hereby inform you that;

• ^I. The Meeting of the Board of Directors of the Company was held on Wednesday, the I 0tl' day of February,2021 at2.30 P.M. And concluded at 4.00 P.M.
• 1. The Board of Directors has considered and approved the following;
• i) The Unaudited Standalone & Consolidated Financial Results for the Third Quarter and Nine Months ended 3l't December,2020.

We have enclosed herewith the Unaudited Standalone & Consolidated Financial Results for the third Quarter and Nine months ended 3l't December,2020 dulJi signed along with Limited Review Report by the Statutory Auditors of the Company.

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

Thanking you.

Yours faithfully, FoT TASHI INDIA LIMITED

ARTI BATRA COMPANY SECRETARY

Encl : As above.

VMSS & Associates Ghartered Accountants

,5G/1, EVEREST,46/C CHOWRINGHEE ROAD, KOLKATA. TOO 071, INDIA TELEFAX: +91 33 40378600 . E-MAIL: vmss.kolkata@gmail.com

lndependent Auditor's Review port on the Quarterly Un-Audited Standalone Financial Results of the Com Pursuant to the Regulation 33 of the SEBI Requirements) Regulations, 2015, as amended. (Listing Obligations and Disclosu

To, The Board of Directors Tashi lndia Limited Nagpur

We have reviewed the accom statement of unaudited standalone financial results ompany") for the quarter and Nine months ended th, being submitted by the company pursuant to of the SEBI (Listing Obligations and Disclosures of M/s TASHI INDIA LIMITED (" The on 31't December,2O2O attached he the requirements of Regulation 33 Requirements) Regulations, 201 5, as

ant rules issued thereunder and other accounting Our responsibility is to express a conclusion on the The Statement, which is the respon bility of the Company's Management and approved by the Company's Board of Di has been prepared in accordance with the laid down in lndian Accountlng Standard 34, recognition and measurement lnterim Financial Reporting ('lnd AS ), prescribed under Section 133 of the Companies Act, 2013 ('the Act'), read with principles generally accepted in lndia Statement based on our review.

We conducted our review in with the standard on Review Engagement (SRE) 2414, Engagements to Review lnterim Financial information performed by the independent Auditor of the Enfly issu by the lnstitute of Chartered Accountants of lndia. This standard requires that we plan perform the review to obtain moderate assurance as to whether the financial ts are free of material misstatement. A review is limited primarily to inquiries of Com personnel and analytical pr:ocedures applied to financial data and thus provides less urance than an audit. We have not performed an audit and accordingly, we do not an audit opinion.

Based on our review conducted as a us to believe that the accompanyin3 , nothing has come to our attention that causes of unaudited financial results prepared in accordance with applicable standards (lnd As) under section 133 of the Companies Act, 2013, read with ant rules issued there under and other recognised accounting practices and policies ly accepted in lndia, has not disclosed the information required to be ^d in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure ) Regulations, 2015 including the manner in which it is to be disclosed, or that it any material misstatement.

We draw attention to Note 2 of uncertainties relating to the COVI of the impact on the financial reporting date. The impact of signilicantly dependent on future this matter. Statement, which describes the outbreak and managemEnfs evaluation the Company and its subsldlaries as at the on the Company's operations is Our opinlon is not modffied in respect of

Place: Nagpur (Camp)

Date: 1 0h February, 2021.

FoTVMSS &Assoclates Chartered Accountants Firm Registratlon No. 328952E w

Aditya Sethla Partner Membership No-311293 UDIN: Ll 3 t | 2-33 AA1A cqVg 33

I INDIA LIMIT ED TA

Registered Office : Imambada Road, Nagpur - 440018 (MH) India.Tel. : +91-0712-2720071, Fax : 0712-2723068; E-mail : cs@bajajngp.com;

Website: www.tashiindia.com
CIN: L51900MH1985PLC036521

of Standalone Un-Audited Financial Results for the Third Quarter & Nine Months ended on 31st December, 2020

	Particulars	Three Months ended 31/12/2020 (Unaudited)	Preceeding Three Months ended 30/09/2020 (Unaudited)	Corresponding Three Months ended in the previous year 31/12/2019 (Unaudited)	Nine Months ended 31/12/2020 (Unaudited)	Corresponding Nine Months ended in the previous year 31/12/2019 (Unaudited)	Year ended 31/03/2020 (Audited)
$\mathbf{1}$	Income from operations						259.19
	a) Revenue from Operations	61.87	67.20	63.48	197.22	224.45	28.00
	b) Other Income	0.35	0.30		0.65
	Total Revenue	62.22	67.50	63.48	197.87	224.45	287.19
$\overline{2}$	Expenses				11.00	30.40	14.62
	a) Employee benefit expenses	3.89	3.88	3.57		10.81	213.54
	b) Change in Inventories			53.09	169.2	160.05	30.40
	c) Finance Cost	52.00	56.49			0.59	0.79
	amortisation and d) Depreciation	0.46	0.32	0.19	0.96		18.96
	expenses e) Other Expenses	2.86	3.45	3.69	8.78	10.58
	d) Other Expenses			60.54		212.43
	Total Expenses	59.21	64.14	60.54	189.94	212.43	278.31
$\overline{3}$	Exceptional Profit /(Loss) before Items and Extraordinary Items and Tax	3.01	3.36	2.94	7.93	12.02	8.88
$\overline{4}$	Exceptional Items	ä,
5	Profit (+) / Loss (-) after Extraordinary	3.01	3.36	2.94	7.93	12.02	8.88
	Items & Tax	0.88	0.85	0.76	2.12	3.12	14.16
6 $\overline{7}$	Tax Expense	2.13	2.51	2.18	5.81	8.90	$-5.28$
$8\phantom{.}$	Net Profit (+) / Loss (-) after Tax Other Comprehensive Income (Net of	49.04	9.99	4.56	89.06	36.81	(59.22)
$\overline{9}$	tax) Total Comprehensive Income (TCI ) (After Tax) [7+8]	51.17	12.50	6.74	94.87	45.71	(64.50)
10	Share of Profit/(Loss) of associates				$\blacksquare$
11	Minority interest
12	after TCI profit/(Loss)- Net taxes, minority interest and share of profit/(Loss) of associates	51.17	12.50	6.74	94.87	45.71	(64.50)
13	Paid up Equity Share Capital (Face value of Rs. 10/- each)	74.25	74.25	74.25	74.25	74.25 $\overline{\phantom{a}}$	74.25 991.77
14	Other Equity		$\frac{1}{2}$
15	i)Earning Per Share in Rupees face value of Rs 10/- Each(not annualised)
	Docio & diluted	6.89		0.91 1.68	12.78	6.16	(8.69)

NOTES ON ACCOUNTS:-

L The above financial results are publis Obligation & Disclosure Requrements) committee, approved by the Board of Di meetings held on l0'h February,202l. Accounting Standards (lND AS) as prescri with rule 9 of the Companies [Indian Accounting Standards) (Amendement R in accordance with ions,20l 5, have and lirnited revi financial results under Section I 3 ing Standards) Ru ,),2016. lation 33 of the SEBI (Listing ireviewed by the Audit by the statutory Auditors at their in accordance with the lndian of the Companies Act 2013, read 2015 and Companies (lndian

2.The outbreak of Corona virus (COVIDslowdown of economic activity globally ^I pandemic on its business operations and conditions, there is no significant impact ) pandemic is causi in India. The Co on its review and its financial results. si gnifi cant disturbance and has evaluated imPact of this urrent indicators of future economic

1. The Company is engaged primarily in separate repor-table segments as per Ind l\ business offinanci 108 dealing with and accordinglY there are no ing Segment.

2. Previous yearl quarter figures are where necessarv.

R TASHI INDIA I,IMITED

AKSHAY RANKA DIRECTOR

VMSS & Associates Chartered Accountants

5G/1, EVEREST, 46/C CHOWRINGHEE ROAD, KOLKATA. 7OO 071, INDIA TELEFAX: +91 33 40378600 . E-MAtL: vmss.kotkata@gmail.com

lndependent Auditor's Review Report on the Quarterly Un-Audited Gonsolidated Financial Results of the Gompany Pursuant to the Regulation 33 of the SEBI (Listing obligations and Disclosure Requirements) Regulations, 201s, as amended.

To,

The Board of Directors Tashi lndia Limited Nagpur,

We have reviewed the accompanying statement of unaudited consolidated financial results of M/s TASHI INDIA LIMITED ("The Holding Company) and its Associate (the Holding company and its Associate together referred to as "the Group") for the quarter and Nine months ended on 31't December,2O2O, 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 Managament and approvrld by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in lndian Accounting Standard 34, lnterim Financial Reporting ('lnd AS 34'), prescribed under Section 133 of the Companies Act,2013 ('the Act'), read with relevant rules issued thereunder and other acccunting principles generally accepted in lndia. Our responsibility 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 lnterim Financial informalion performed by the independent Auditor of the Entity issued by the lnstitute of Chartered Accountants of lndia. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material rnisstatement. A review is limited primarily to inquiries of Company personnel and analytical phocedures 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 ccme to our attention that Causes us to believe that the accompanying statement of unaudited financial results prepared in accordance with applicable accounting standards (lnci As) under section 133 of the Companies Act, 2013, read with relevant rules issued tlrere under anC other recognised accounting practices and policies generally accepted in lndia, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirenrents) Regulaticns, 2015 including the manner in which it is to be disclosed, or that it ccntains any materia.l misstatement.

We draw attention to Note 2 of the accompanying Statement, which describes the uncertainties relating to the COVI D-19 pandemic outbreak and management's evaluation of the impact on the financial results of the Company and its subsidiaries 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: 10^th February, 2021.

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

Aditya Sethia Partner Membership No-311293
UDIN: 21311293AAAACR4429

TASHI INDIA LIMITED

Registered Office : Imambada Road, Nagpur - 440018 (MH) India.Tel. : +91-0712-2720071, Fax : 0712-2723068; E-mail : cs@bajajngp.com;

Website : www.tashiindia.com
CIN : L51900MH1985PLC036521

Statement of Consolidated Un-Audited Financial Results for the Third Quarter & Nine Months ended on 31st December, 2020

	Particulars	Three Months ended 31/12/2020 (Unaudited)	Preceeding Three Months ended 30/09/2020 (Unaudited)	Corresponding Three Months ended in the previous year 31/12/2019 (Unaudited)	Nine Months ended 31/12/2020 (Unaudited)	Corresponding Nine Months ended in the previous year 31/12/2019 (Unaudited)	Year ended 31/03/2020 (Audited)
$\mathbf{1}$	Income from operations
	a) Revenue from Operations	61.87	67.20	63.48	197.22	224.45	259.19
	b) Other Income	0.35	0.30		0.65		28.00
	Total Revenue	62.22	67.50	63.48	197.87	224.45	287.19
$\overline{2}$	Expenses
	a) Employee benefit expenses	3.89	3.88	3.57	11.00	30.40	14.62
	b) Change in Inventories					10.81	213.54
	c) Finance Cost	52.00	56.49	53.09	169.2	160.05	30.40
	d) Depreciation and amortisation expenses	0.46	0.32	0.19	0.96	0.59	0.79
	e) Other Expenses	2.86	3.45	3.69	8.78	10.58	18.96
	d) Other Expenses			60.54		212.43
	Total Expenses	59.21	64.14	60.54	189.94	212.43	278.31
$\overline{\mathbf{3}}$	Profit /(Loss) before Exceptional Items and Extraordinary Items and Tax	3.01	3.36	2.94	7.93	12.02	8.88
$\overline{4}$	Exceptional Items				$\omega$		٠
5	Profit (+) / Loss (-) after Extraordinary Items & Tax	3.01	3.36	2.94	7.93	12.02	8.88
6	Tax Expense	0.88	0.85	0.76	2.12	3.12	14.16
$\overline{\tau}$	Net Profit $(+)$ / Loss (-) after Tax	2.13	2.51	2.18	5.81	8.90	$-5.28$
$\, 8$	Other Comprehensive Income (Net of tax)	49.04	9.99	4.56	89.06	36.81	(59.22)
$\overline{9}$	Total Comprehensive Income (TCI ) (After $Tax) [7+8]$	51.17	12.50	6.74	94.87	45.71	(64.50)
10	Share of Profit/(Loss) of associates		i,		÷
11	Minority interest	u,	u
12	Net profit/(Loss)- TCI after taxes, minority interest and share of profit/(Loss) of associates	51.17	12.50	6.74	94.87	45.71	(64.50)
13	Paid up Equity Share Capital (Face value of Rs. 10/- each)	74.25	74.25	74.25	74.25	74.25	74.25
14	Other Equity		i.				1,090.73
15	DEarning Per Share in Rupees face value of Rs 10/- Each(not annualised)
	a) Basic & diluted	6.89	1.68	0.91	12.78	6.16	(8.69)

NO'[ES ON.4CCOUNTS:-

l. The above financial results are publi Obligation & Disclosure Requrements) committee, approved by the Board of Di rneetings held on lOth F'ebruary ,2021 . Accounting Standards (lND AS) as presc with rule 9 of the Companies [Indian A Accounting Standards) (Amendement R.u in accordance with regulation 33 of the SE[]l (Listing lations,2015, have been reviewed by the ALrdit and limited review by the statutory Audi'rors at their financial results are in accordance with the Indian under Section 133 of the Companies Act 2013, read ting Standards) Rules, 201 5 and Companies (lndian ),2016.

1. The outbreak of Corona virus (COVI slowdown of economic activity globally pandemic on its business operations and conditions, there is no significant impact 9) pandemic is causing significant disturbance and in India. The Company has evaluated impact of this on its review and current indicators of future economic its financial results.

2. The Company is engaged primarily in separate reportable segments as per Ind business of financing and accordingly there are no 108 dealing with Operating Segment'

3. Previous year/ quafier figures are /restated wherever necessary.

FOR TASHI INDIA LIMITED

,tQtl-

AKSHAY RAI{KA DIRECTOIT

PLACE: NAGPUR DATE : 10th FebruarY.202l