Tasty Bite Eatables Ltd. — Interim / Quarterly Report 2022

Aug 4, 2021

Tasty Bite Eatables Limited

TBEL/SE/202 | -22 August 04, 2021

Corporate Relationship Department, Corporate Services, I Floor, New Trading Ring, Exchange Plaza, Rotunda Bldg., P.J. Towers, Bandra Kurla Complex, Dalal Street, Mumbai 400 001 Bandra (E), Mumbai — 400 051 Symbol — 519091 Symbol: TASTYBITE

BSE Limited, National Stock Exchange Limited,

Sub: "Un-audited Financial Results" of the Company along with "Limited Review Report" for quarter ended June 30, 2021

Dear Sir,

We enclose herewith the following:

• a) Copy of the "LIMITED REVIEW REPORT" of the Statutory Auditor of the Company on the un-audited financial results of the Company for the quarter ended June 30, 2021; and
• b) Copy of "Un-audited Financial Results" of the Company for the quarter ended June 30, 2021 which have been duly approved in the Board Meeting held on August 04, 2021.

Kindly take it on your records.

Thanking You,

' } f) he fi-ex er : Load vel = Yours faithfully, ( . For Tasty Bite Eatables Limited oa? C lp 4 0 PM LION (® rie) nn [3 (rove a Minal — \ & gz * Company Secretary Encl.: As above

Regd. Off. : 201/202, Mayfair Tower, Wakdewadi, Shivajinagar, Pune - 411 005, India. Tel.: + 91 20 3021 6000, 2553 1105 Fax: + 91 20 3021 6048, E-mail : info @tastybite.com Factory : Gat No. 490, Bhandgaon, Pune Solapur Highway, Tal. Daund, Dist. Pune - 412214. Tel.: + 91 2117 306500 Website : www.tastybite.co.in, CIN : L15419PN1985PLC037347

BSR & Associates LLP

Chartered Accountants

36/3-8, Koregaon Park Annex, ax Mundhwa Road, Ghorpadi, Pune - 411001, India

8th floor, Business Plaza, Telephone: +91 206747 7300 Westin Hotel Campus, Fax: 491 20 6747 7310

Limited review report on unaudited quarterly financial results of Tasty Bite Eatables Limited under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulation")

To Board of Directors of Tasty Bite Eatables Limited

• We have reviewed the accompanying Statement of unaudited financial results of Tasty Bite Eatables Limited ("the Company") for the quarter ended 30 June 2021 ("the Statement").
• This Statement, which is the responsibility of the Company's management and approved by the 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 and in compliance with Regulation 33 of the Listing Regulations. Our responsibility 1s to issue a report on the Statement based on our review.
• 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 provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
• Attention is drawn to the fact that the figures for the 3 months ended 31 March 2021 as reported in these financial results are the balancing figures between audited figures in respect of the full previous financial year and the published year to date figures up to the third quarter of the previous financial year. The figures up to the end of the third quarter of previous financial year had only been reviewed and not subjected to audit.

BSR & Associates LLP

Limited review report on unaudited quarterly financial results of Tasty Bite Eatables Limited under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulation") (continued)

1. Based onourreviewconducted as above, nothing has come to our attention that causesus to believe that the accompanying Statement, prepared in accordance with applicable accounting standards and other recognized accounting practices and policies 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 tt is to be disclosed, or that it contains any material misstatement.

For BS R &Associates LLP Chartered Accountants Firm Registration No. 116231 W/W-100024

SHRIKRISHNA Bates zoz1 0808 174039 DESAI +05'30!

RAAJNISH Digitally signed by RAAJNISH

Raajnish Desai Partner Place: Pune Membership No. 101190 Date: 04 August 2021 UDIN: 21101190AAAACD8708

Tasty Bite Eatables Limited on Regd. & Corporate Office: 201/202, Mayfair Towers, Wakdewadi, Pune - 411005 Works: Bhandgaon, Taluka Daund, Dist. Pune, Maharashtra CIN: L15419PN1985PLC037347, Website: www.tastybite.co.in, E-mail ID: secretarial@tastybite.com STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30 JUNE 2021

	Tasty Bite Eatables LimitedonRegd. & Corporate Office: 201/202, Mayfair Towers, Wakdewadi, Pune - 411005
	Works: Bhandgaon, Taluka Daund, Dist. Pune, MaharashtraCIN: L15419PN1985PLC037347, Website: www.tastybite.co.in, E-mail ID: secretarial@tastybite.com
	STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30 JUNE 2021
Sr.	Particulars		Amount Rupees in Million (except per share data)Quarter Ended		Year Ended
No.		30-Jun-21{Unaudited)	31-Mar-21{Unaudited)	30-Jun-20{Unaudited)	31-Mar-21{Audited)
1	[Revenue from operations		Refer Note 2
	(a) Revenue from customers(b) Other operating income	1,112.092.49	1,216.372.86	537.230.90	3,844.858.28
23	Other income Total income (1 + 2)	1,114.5815.851,130.43	1,219.2351.381,270.61	538.1335.80573.93	3,853.13189.764,042.89
4	Expenses
	(a) Cost of materials consumed(b) Changes in inventories of finished goods and work-in-progress	700.970.34	798.40(19.15)	304.4618.98	2,480.92(45.86)
	(c) Employee benefits expense(d) Finance costs	86.27	63.55
		24.51	17.44	71.536.51	297.4130.25
	(e) Depreciation and amortisation expense(f) Other expenses	58.87164.82	59.45165.43	32.66119.23	171.65582.77
	Total expenses	1,035.78	1,085.12	553.37	3,517.14
5	Profit before tax (3 - 4)	94.65	185.49	20.56	525.75
6	Tax expense
	(a) Current tax(b) Deferred tax (credit) / charge	34.09(11.13)	45.880.92	7.88(1.49)	134.28(1.95)
7	Total tax expense Profit after tax (5 - 6)	22.9671.69	46.80138.69	6.3914.17	132.33393.42
8	Other Comprehensive Income / {loss}
	(i) Items that will not be reclassified to profit and loss- Remeasurement of defined benefit obligation (asset)	0.10	0.26	(1.58)	0.40
	- Income tax related to items that will not be reclassified to profit and loss(ii) Items that will be reclassified to profit and loss	(0.02)	(0.06)	0.40	(0.10)
	- Effective portion of gain / (loss) on Hedging Instruments in a Cash Flow Hedge- Income tax related to items that will be reclassified to profit and loss	(5.21)1.26	(0.84)0.21	48.69(12.26)	61.78(15.55)
9	Total Other Comprehensive Income / (loss), net of income tax Total Comprehensive Income for the period (7 + 8)	(3.87)67.82	(0.43)138.26	35.25)49.42	46.53439.95
10	Paid-up equity share capital (Face value Rs. 10 each)	25.66	25.66	25.66	25.66
11	Total reserves				2,040.54]
12	Earnings per share Face value of Rs. 10 each (not annualised for the quarters):
	(a) Basic (Rs.)(b) Diluted (Rs.)	27.9427.94	54.0554.05	5.525.52	153.32153.32

wag Tasty Bite Eatables Limited ay Regd. & Corporate Office: 201/202, Mayfair Towers, Wakdewadi, Pune - 411005 Works: Bhandgaon, Taluka Daund, Dist. Pune, Maharashtra

CIN: L15419PN1985PLC037347, Website: www.tastybite.co.in, E-mail ID: secretarial@tastybite.com

Notes to the Statement of Unaudited Financial Results for the quarter ended 30 June 2021:

• 1 The above unaudited financial results have been reviewed by the Audit Committee and thereafter approved and taken on record by the Board of Directors in their respective meetings held on 04 August 2021.
• 2 The figures for the quarters ended 31 March 2021 represent the difference between the audited figures in respect of full financial year and the published figures for the nine months ended 31 December 2020.
• 3 The statutory auditors of the Company have conducted a limited review of the above financial results of the Company for the quarter ended 30 June 2021. An unqualified review report has been issued by them thereon.
• 4 The Company recognizes its sale of Prepared Foods activity as its only primary business segment since its operations predominantly consist of manufacture and sale of "Prepared Foods" to its customers. The 'Chief Operating Decision Maker' monitors the operating results of the Company's business as a single segment. Accordingly in the context of 'Ind AS 108 - Operating Segments' the principle business of the Company constitute a single reportable segment.
• 5 The Company has considered internal and external sources of information as of the date of approval of the financial results in determining the possible impact, if any, of the resurgence of the COVID-19 pandemic on the carrying amounts of its trade receivables, inventories, financial and non-financial assets. The Company has used the principle of prudence in applying judgements and making estimates. Based on this evaluation, the Company does not expect any material impact on its financial results. However, the eventual outcome of impact of Covid-19 pandemic may be different from those estimated as on the date of approval of these financial results.
• 6 The Indian Parliament has approved the Code on Social Security, 2020 which would impact the contributions by the Company towards Provident Fund and Gratuity. The Ministry of Labour and Employment has released draft rules for the Code on Social Security, 2020 on 13 November 2020 and has invited suggestions from stakeholders which are under active consideration by the Ministry. The Company will assess the impact and its evaluation once the subject rules are notified and will give appropriate impact in its financial statements in the period in which, the Code becomes effective and the related rules to determine the financial impact are published.
• 7 The Board of Directors has recommended a final dividend of Rs. 2/- per share on face value of Rs.10/- (20%), subject to approval of shareholders.
• 8 For the said Results, visit Investors Section of our website at https://www.tastybite.co.in and the Stock Exchange website www.nseindia.com and www.bseindia.com

For Tasty Bite Eatables Limited

Upadhye went Abhijit Wishwanath Vishwanath easse 10330"

Date: 04 August 2021 DIN: 02076451

Abhijit Upadhye Place: Pune Managing Director