TCPL Packaging Limited — Interim / Quarterly Report 2021

Aug 12, 2021

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12.08.2021

The Bombay Stock Exchange Ltd Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001 Security Code:-523301

The National Stock Exchange of India Ltd Exchange Plaza, Plot No. C/1, G Block Bandra Kurla Complex, Bandra East, Mumbai 400 051 Trading Symbol:- TCPLPACK

Dear Sir(s),

Re:-Outcome of Board Meeting

We wish to inform you that meeting of the Board of Directors, of the company was held today at 12.30 p.m. and concluded at 1.50 p.m.

Upon recommendation of Audit Committee, the Board considered and approved the Un-Audited Financial Results (Standalone and Consolidated) for the quarter ended 30.06.2021 and took the same on record alongwith Review Report by the Company’s Statutory Auditors.

Enclosed is the Un-Audited Financial Results and the Review Report with unmodified opinion in respect to the Unaudited Financial Results of the Company for the quarter ended 30.06.2021.

Kindly take the same on your record and acknowledge the receipt.

For TCPL Packaging Limited

NANAVATI Digitally signed by NANAVATI SOHAN SOHAN GAMANLAL Date: 2021.08.12 13:57:47 GAMANLAL +05'30'

Compliance Officer

Encl. As above

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NANAVATI SOHAN GAMANLAL

Digitally signed by NANAVATI SOHAN GAMANLAL Date: 2021.08.12 13:58:13 +05'30'

Singhi & Co.

Chartered Accountants

B2 – 402B, Marathon Innova, 4[th] Floor, Off Ganpatrao Kadam Marg, Opp. Peninsula Corporate Park, Lower Parel, Mumbai – 400013. India

Tel: +91 (0) 22 – 6662 5537/38 E-mail : mumbai@singhico.com Website : www.singhico.com

Independent Auditor's Review Report on the Quarterly and year to date 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 TCPL PACKAGING LIMITED

1. We have reviewed the accompanying Statement of Standalone Unaudited Financial Results of TCPL PACKAGING 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.

2. 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 the Indian Accounting Standards 34 “Interim Financial Reporting” (“Ind AS 34”), prescribed under section 133 of the Companies, Act 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion based on our review of such interim standalone financial information.

3. We conducted our review of the statement in accordance with the Standard on Review Engagement (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 of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

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KOLKATTA (HO)

CHENNAI MUMBAI

BANGALORE

NEW DELHI

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 financial results prepared in accordance with the recognition and measurement principles laid down in the applicable Indian Accounting Standards (‘IND AS’) prescribed under section 133 of the Companies Act, 2013, read with relevant rules issued thereunder 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, as amended.

Place: Mumbai Date: August 12, 2021

For Singhi & Co. Chartered Accountants Firm Registration No. 302049E

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Sameer Mahajan Partner Membership No. 123266 UDIN: 21123266AAAABQ9725

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NANAVATI Digitally signed by NANAVATI SOHAN SOHAN GAMANLAL Date: 2021.08.12 GAMANLAL 13:58:29 +05'30'

Singhi & Co. Chartered Accountants

B2 – 402B, Marathon Innova, 4[th] Floor, Off Ganpatrao Kadam Marg, Opp. Peninsula Corporate Park, Lower Parel, Mumbai – 400013. India

Tel: +91 (0) 22 – 6662 5537/38 E-mail : mumbai@singhico.com Website : www.singhico.com

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

To the Board of Directors of TCPL Packaging Limited

1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of TCPL Packaging Limited ( hereinafter referred to as “the Holding Company”) and its subsidiary ( the Holding Company and its Subsidiary together referred to as “ the Group” ) for the quarter ended June 30, 2021 (“the Statement” ) attached herewith being submitted by the Holding 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 Holding Company’s Management and has been approved by the Holding Company’s Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards 34 “Interim Financial Reporting” (“Ind AS 34”), prescribed under section 133 of the Companies Act 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to issue a conclusion on these financial results based on the review.

3. We conducted our review in accordance with the Standard on Review Engagement (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 of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the circular 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 subsidiary :

2. i. TCPL Innofilms Private Limited

3. ii. TCPL Middle East FZE, Dubai

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KOLKATTA (HO)

NEW DELHI CHENNAI MUMBAI

BANGALORE

1. Based on our review conducted as 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 laid down in the aforesaid Indian Accounting Standards (‘Ind AS’) specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

2. We did not review the financial information of subsidiary companies, included in the statement, whose financial information reflects total revenue of Rs. “NIL” lakhs and total comprehensive loss after tax of Rs. 6.23 lakh for the quarter ended 30[th] June 2021 as considered in this statement.

These unaudited interim financial results and other unaudited financial information of subsidiary have been approved and furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the affairs of the subsidiaries is based solely on such unaudited interim financial results and other unaudited financial information. According to the information and explanation given to us by the Management, these interim financial results are not material to the Group

Our conclusion on the Statement is respect of matters stated in para 6 is not modified with respect to our reliance on the financial information / financial result certified by the management.

For Singhi & Co. Chartered Accountants Firm Registration No. 302049E

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Sameer Mahajan

Partner

Place: Mumbai Date: August 12, 2021

Membership No. 123266 UDIN: 21123266AAAABR3819