Technocraft Industries (lndia) Limited

Registered Office: Plot No. 47 "Opus Centre", Second floor, Central Road, Opposite Tunga Paradise Hotel, MIDC, Andheri (East) Mumbai - 400 093, Maharashtra, India Tel: 4098 222212340; Fax No. 2835 6559; CIN: L28120MH1992PLC069252 E-mail: [email protected] ; website: www.technocraftgroup.com

June25,202l

To, National Stock Exchange of India Ltd. Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai- 400051

BSE Limited Listing Department P.J. Towers, I't Floor, Dalal Street, Fort, Mumbai - 400 001

Ref: Script Name: TIIL

Script Code: 532804

Dear Sir/ Madam.

Sub: Outcome of Board Meeting held on June 25, 2021, which commenced at 5:20 P.M. and concluded at 06l oO. P.M.

The Board of Directors of the Company at their meeting held today, inter-alia, has approved the following:

Audited Standalone Financial Results for the quarter and year ended March 31,2021 and Consolidated Financial Results for the year ended March 3I.2021.

Pursuant to Regulation 33 (3) of the SEBI (Listing Obligation Disclosure Requirement) Regulations 2015, please find enclosed herewith the following:

(i) Statement of audited standalone Financial Results for the quarter and year ended March 31,2021and Consolidated Financial Results for the year ended March 31,202I.
(ii) Audit Reports on Audited Financial Results Standalone and Consolidated.
(iii)A confirmation pursuant to regulation 33(3) (d) of SEBI (Listing Obligations and disclosure Requirements) Regulations 2015 from the CFO of the Company, declaring that the statutory auditors have expressed an unmodified audit opinion in respect of standalone and consolidated financial results.

Technocraft Industries (lndia) Limited

Registered Office: Plot No. 47 "opvs Centre", Second floor, Central Road, opposite Tunga Paradise Hotel, MIDC, Andheri (East) Mumbai - 400 093, Maharashtra, India Tel: 4098 222212340; Fax No. 2835 6559; CrNzL28l20NltlI992PLC069252 E-mail: [email protected] ; website: wwry.technocraftgroup.com

1. Re-Appointment of Mr. Pramod Kumar Jain, as Secretarial Auditor and PCS for Reconciliation of Share Capital Audit Report.
1. Board Report along with its annexures.

Thanking you.

nocraft Industries India Limited

Company Secretary

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

The Board of Directors of TECHNOCRAFT INDUSTRIES (INDIA) LIMITED Report on the Audit of Consolidated Financial Results

Opinion

We have audited the accompanying consolidated annual financial results of Technocraft Industries (India) Limited (hereinafter referred to as the 'Holding Company") and its subsidiaries [Holding Company, its subsidiaries (including step down subsidiaries) together referred to as "the Group"] and its associates for the quarter ended 31st March, 2021 and for the period ended 31st March, 2021 ("the Statement"), 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 ('Listing Regulations').

In our opinion and to the best of our information and according to the explanations given to us and based on the consideration of reports of other auditors on separate audited financial statements/financial information of the subsidiaries (including step down subsidiaries) and its associates, the aforesaid statement:

a. include results of following entities:
- Technosoft Engineering Projects Limited $\mathbf{i}$ .
- Technocraft Tabla Formworks Systems Pvt. Limited ii.
Techno Defence Pvt. Ltd. iii.
Shivale Infraproducts Private Limited $iv$
Technocraft Fashions Limited (w.e.f 15th Oct 2020) $V$
Benten Technologies LLP. vi.
Technocraft International Limited UK vii.
Technocraft Trading Spolka, Poland viii.
Technocraft Australia Pty Ltd ix.
Anhui Reliable Steel Company Ltd, China $X$ .
Technocraft NZ Limited xi.
Technosoft Engineering Inc, USA xii.
High Mark International Trading, UAE xiii.
AAIT/Technocraft Scaffold Distribution LLC. xiv.
Technosoft Engineering UK Ltd XV.
Technosoft GMBH, Germany xvi.
Technosoft Innovations Inc xvii.
Technosoft Services Inc. xviii.

$\mathbf{1}$

b. is presented in accordance with the requirements of Regulation 33 of the Listing Regulations, as amended: and
c. gives a true and fair view in conformity with the applicable accounting standards and other accounting principles generally accepted in India, on Consolidated net profit and other comprehensive income, its cash flows and other financial information of the Group for the quarter ended 31st March, 2021 and for the year ended 31st March, 2021.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Act. Our responsibilities under those Standards are further described in the 'Auditor's Responsibilities for the Audit of the Consolidated Financial Results' section of our report. We are independent of the Group in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us and other auditors in terms of their reports referred to in "Other Matter" paragraph below, is sufficient and appropriate to provide a basis for our opinion.

Managements Responsibilities for the Consolidated Financial Results

These Consolidated financial results have been prepared on the basis of the consolidated annual financial statements. The Holding Company's Board of Directors are responsible for the preparation and presentation of these consolidated financial results that give a true and fair view of the net profit and other comprehensive income and other financial information of the Group including its associate and the consolidated statement of assets and liabilities and the consolidated statement of cash flows in accordance with the recognition and measurement principles laid down in the Indian 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. The respective Board of Directors of the companies included in the Group and of its 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 accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the consolidated financial 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 consolidated financial results by the Directors of the Holding Company, as aforesaid.

In preparing the consolidated financial results, the respective Board of Directors of the companies included in the Group and of its associate are responsible for assessing the ability of the Group and its associate to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate the Group and its associate 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 of its associate are responsible for overseeing the financial reporting process of the Group.

$\overline{2}$

Auditor's Responsibilities for the Audit of the Consolidated Financial Results

Our objectives are to obtain reasonable assurance about whether the consolidated financial results 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 SAs 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 consolidated financial results.

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

$\triangleright$ Identify and assess the risks of material misstatement of the consolidated financial results, 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, but not for the purpose of expressing an opinion on the effectiveness of Company's internal controls.
$\triangleright$ Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
Conclude on the appropriateness of the 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. 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 consolidated financial results 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 Group and its associate to cease to continue as a going concern.
$\triangleright$ Evaluate the overall presentation, structure and content of the consolidated financial results, including the disclosures, and whether the consolidated financial results 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 and its associate to express an opinion on the consolidated Financial Results. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the consolidated financial results of which we are the independent auditors. For the other entities included in the consolidated financial results, which have been audited by other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion.

$\overline{3}$

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 circular issued by the SEBI under Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable.

Other Matters

We did not audit the financial statements / financial information of One material subsidiary included in the consolidated financial result, whose financial statement / financial information reflect total assets of Rs. 18,230.15 Lakhs (before eliminating inter-company balances) as at 31st March, 2021, total revenues of Rs. 14,546.49 Lakhs (before eliminating inter-company balances), total Net Profit (Loss) after tax of Rs. (54.52) Lakhs (before eliminating inter-company balances), total comprehensive income (loss) of Rs. (54.52) Lakhs (before eliminating inter-company balances) and net cash inflow of Rs. 37.07 Lakhs for the year ended on that date, as considered in the consolidated financial result. These financial statement / financial information have been audited by other auditor whose report have been furnished to us by the Management and our opinion on the consolidated financial results, in so far as it relates to the amounts and disclosures included in respect of these subsidiary is based solely on the report of the other auditor and the procedures performed by us as stated in paragraph above.

We did not audit the financial statements / financial information of Six subsidiaries included in the consolidated financial results, whose financial statements / financial information reflect total assets of Rs. 16,662.41 Lakhs (before eliminating inter-company balances) as at 31st March, 2021, total revenues of Rs. 14,590.83 Lakhs (before eliminating inter-company balances), total net profit after tax of Rs.1,591.41 Lakhs (before eliminating inter-company balances), total comprehensive income of Rs.1,600.42 (before eliminating inter-company balances) and net cash inflow of Rs. 137.88 Lakhs for the year ended on that date, as considered in the consolidated financial results. These financial statements / financial information have been audited by other auditors whose reports have been furnished to us by the Management and our opinion on the consolidated financial results, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries is based solely on the reports of the other auditors and the procedures performed by us as stated in paragraph above.

Our opinion on the Statement is not modified in respect of the above matters

The consolidated financial results includes the unaudited financial statements/ financial information of Ten subsidiaries, whose financial statements / financial information reflect total assets of Rs.21,226.54 Lakhs (before eliminating inter-company balances) as at 31st March, 2021, total revenue of Rs.25,576.75 Lakhs (before eliminating inter-company balances), total net profit after tax of Rs.1,899.62 Lakhs (before eliminating inter-company balances), total comprehensive income of Rs.1,899.62 Lakhs (before eliminating inter-company balances) and net cash outflow of Rs. 464.25 Lakhs for the year ended on that date, as considered in the consolidated financial results. These financial statements/ financial information are unaudited and have been furnished to us by the Management and our opinion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries is based solely on such unaudited financial statements/financial information. In our opinion and according to the information and explanations

$\overline{A}$

given to us by the Management, these financial statements / financial information are not material to the Group.

The consolidated financial results includes the unaudited financial statements/ financial information of One Associate, whose financial statements / financial information reflect Group's share of net profit (loss) of Rs. (0.02) Lakhs and Group's share of total comprehensive loss of Rs. (0.02) Lakhs for the year ended 31st March, 2021, as considered in the consolidated financial results. These financial statements/ financial information are unaudited and have been furnished to us by the Management and our opinion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these associate is based solely on such unaudited financial statements/financial information. In our opinion and according to the information and explanations given to us by the Management, these financial statements / financial information are not material to the Group.

Our opinion on the Statement is not modified in respect of the above matter.

The Statement includes the results for the quarter ended 31st March, 2021 and the corresponding quarter ended in the previous year as reported in these financial results are being the balancing figure between the audited figures in respect of the full financial year and the published unaudited year-to-date figures up to the third quarter of the current and previous financial years, which were subjected to a limited review by us and not subject to an audit, as required under the Listing Regulations.

DH MUMBA

For Dhiraj & Dheeraj. Chartered Accountants Firm Reg. No: 102454W

avende Shailendra Dadhich

Partner Membership No. 425098 UDIN - 21425098AAAAEF5295

Place of Signature: Mumbai Date: 25/06/2021

Technocraft Industries (India) Limited Mhere the best is yet to come

Ein Lakhe indeed athorities ats

Regd. Off.: Plot No-47, Opus Centre, 2nd Floor, Opp Tunga Paradise Hotel, MIDC, Andheri (East), Mumbai-93.Tel: 4098 2222/0002; Fax No. 2836 6559; CIN No. L28120MH1992PLC069252E-mail: [email protected] ; websi

Sr.		ConsolidatedYear Ended
No.	PARTICULARS	Quarter Ended
		31.03.2021	31,12,2020	31,03,2020	31.03.2021	31.03.2020
	Continuing Operations	Un-Audited(Refer Note -3)	Un-Audited	Un-Audited(Refer Note -3)	Audited	Audited
$\overline{1}$	Revenue from Operations	38,475.69	33,538.74	34,984.89	1,29,454.37	1,35,181.82
$\overline{2}$	Other Income	721.61	1,978.28	92.06	5,779.47	4.216.22
3	Total Income	39,197.30	35,517.02	35.076.95	1,35,233.84	1,39,398.04
4	Expenditure
(a)	Cost of Matenals Consumed	14,784.87	13.765.09	15,706.49	48.467.37	61,830.23
(b)	Purchase of Stock-in-trade	260.07	2,805.38	244.99	4,396,25	620.71
(c)	Change in Inventones of Finished goods, WIP & Stock in trade	1,153.40	(1, 232, 42)	(1, 268, 08)	2.842.06	(6, 576.25)
(d)	Employee benefits expenses	4,676.98	4.492.92	4,870.13	18,510.16	18.426.28
(e)	Finance Cost	582.50	688.57	924.25	2,880.52	3,743.99
(n)	Depreciation and Amortisation expenses	1,750.23	1,671,99	1,903.87	6,750.79	5,238.07
$\left( \alpha \right)$	Other expenses	10,689.73	8,575.97	9,783.78	33,705.93	40.505.52
	Total Expenses	33,897.78	30,767.50	31.965.43	1,17,553.08	1,23,788.55
5	Profit from Ordinary activities before Exceptional items, Share of NetProfit ((Loss) of investment accounted for using Equity Method & Tax	5,299.62	4,749.52	3,111.62	17,680.76	15,609.49
6	Share in Profit / (Loss) of Associates	0.01	(0.01)	(0.04)	(0.02)	(0.04)
7	Profit / (Loss) before exceptional Items & tax	5,299.53	4,749.51	3,111.48	17,680.74	15,609.45
B	Exceptional items-Refer Note -7	494.27	568.37		1,062.64
9	Profit before tax but after exceptional Items	5,793.60	5,317.88	3,111.48	18,743.38	15,609.45
10	Tax expenses (net)
	Current Tax	1,336.32	700.45	783.87	3,546.54	3,815 36
	Deferred Tax	68.56	426.99	(10.34)	514.02	(525.00)
11	Net Profit for the Period from Continuing operations	4,388.92	4,190.44	2,337,95	14,682.82	12,319.09
	Discontinued Operations (Refer Note 4)					508.17
12	Profit / (Loss) before tax from disconlinued operations	(710.16)	17.25	(492.91)	(1,694.08)
13	Tax expenses / (income) of discontinued operations	(178.73)	4.34	(122.78)	(424.46)	206 23
14	Net Profit / (Loss) for the period from discontinued operations	(531.43)	12.91	(370.13)	(1, 269.62)	301.94
15	Net Profit / (Loss) for the period from Continuing & DiscontinuedOperations	3,857.49	4,203.35	1,967.82	13,413.20	12,621.03
16	Other Comprehensive Income
	Items that will not be reclassified to Profil or Loss (nel of tax)	97.51	(6.28)	15.93	78.68	(23.75)
	Items that will be reclassified to Profit & Loss	101.34	(178.55)	(264.11)	(192.82)	(558.17)
	Total Other Comprehensive Income / (expenses) net of tax	198.85	(184.83)	(248.18)	(114.14)	(581.92)
17	Total Comprehensive Income for the year after tax	4,056.34	4,018.52	1,719.64	13,299.06	12,039.11
	Net Profit attributable to
	Owners of Equity	3.643.37	4.148.46	1,810.39	13.011.56	12.276.11
	Non Controlling Interest	214.12	54.89	157.43	401.64	344.92
	Total Comprehensive income attributable to
	Owners of Equity	3,904.05	3,948.10	1,653.35	12,895.98	11,829.75
	Non Controlling Interest	152.29	70.42	66.29	403.08	209.36
18	Paid-up equity share capital (FV of ₹10 /-per share)	2,446.17	2,446.17	2,446.17	2,446.17	2.446.17
19	Other Equity (revaluation reserve ₹ NIL)	٠	$\overline{a}$	٠	1.04,803.35	91,982.54
	Earnings Per Share (EPS) (not annualised)
20	Basic and Diluted EPS -Continuing Operations (In ₹.	17.06	16.91	8.91	58.38	48.96
	Basic and Diluted EPS -Discontinued Operations (In ?.	(2.17)	0.05	(1.51)	(5.19)	1.23
	Basic and Diluted EPS, Continuing & Discontinued Operations (In P.	14.89	16.96	7.40	53.19	50.19

Notes:

wou...1. The above Financial results have been reviewed and recommended by the Audit Committee and approved by the Board of Directors at its meeting held on 25th June 2021. There are no qualifications of the Auditors on the above results.

The Financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under Section 133 of the Companies Act, 2013 read with rule 3 of2.The Financial results have been prepared in accor

3.The Figures of the Last quarter are the balancing Figures between audited figures in respect of full Financial year upto 31st March 2021/31st March 2020 and the Un auditedPublished year to date Figures upto 31st Decembe

4.On account of Classification of Power Division as discontinued operation, the Group has restated its Previous year financials to make it Comparable with the Current yearFinancials as per Ind AS-105.The Group has recogn

The above Financial Results for the Year ended 31st March , 2021 includes the Financial Results of the Following Subsidiaries ( grouped under Engineering & Design Segment) for the Period of 15 Months ie from Jan 2020 t

a) Technosoft Engineering Inc.

b) Technosoft Innovations Inc.

b) Technosoft innovators inc.c) Technosoft Services Inc.e) Technosoft Engineering UK Limited

6.Assets Classified as Held for Sale includes those Plant & Equipment (of Power & Yam Division) whose Carrying Value will be recovered principally through sales transactions rather than through Continuing use.

7.Exceptional items amounting to ₹ 1062.64 Lakhs represents the Profit on Sales of Plant & Equipment of Yam Division .The amount being material the same has been classifiedas exceptional items in the Statement of Profit

Previous Period figures have been regrouped and reclassified wherever considered necessary to make them comparable with Current Period Classification.

For Technocraft Industries (India) Limited

All Kumar Saraf Shalled Kumar Saraf(Chairman & Managing Director)(DIN NO. 00035843)

$\mathbf{\bar{x}}$ $\eta$

$\overline{2}$ $\tilde{\gamma}$

î,

Technocraft Industries (India) LimitedAudited Consolidated Segment wise Revenue, Results, Assets and Liabilities for the Quarter and Year ended 31st March , 2021.

$\bar{t}$

		Quarter Ended		Year Ended
Particulars	31.03.2021	31.12.2020	31.03.2020	31.03.2021	31.03.2020
	Un-Audited (ReferNote-3)	Un-Audited	Un-Audited(Refer Note-3)	Audited	Audited
Income from operations
Continuing Operations			9,511.07	40,912.35	37,768.92
a. Drum Closures Division	11,476.75	10.412.45		44,840.98	52,552.51
b. Scaffoldings Division	13,238,36	12,416.766,685.47	12,707.348,513.39	26,358.15	27,318.38
c. Yam Division	8,548.335,643.62	4,666.82	3,056.47	15,615.60	14,997.92
d. Fabric Division	2,299.01	2,329.44	2,613.63	11,476,58	9,717.68
e.Engineering & Design -Refer Note 5	÷	٠		$\overline{\phantom{a}}$	222.87
f.OthersTotal	41,306.07	36,510.94	36,401.90	1,39,403.66	1,42,578.28
Less : Inter Segment Revenue	2,830.38	2,972.20	1,417.01	9,949.29	7.396.46
Total Income from Continuing operations	38,475.69	33,538.74	34,984.89	1,29,454.37	1,35,181.82

Discontinued Operations	÷	$\lambda$	595.38	$\overline{\phantom{a}}$	5,134.66
Power Division- Refer Note 4			428.50	$\overline{\phantom{a}}$	4,406.37
Less Inter Segment RevenueTotal Income from Discontinued Operations	s.	٠	166.88		728.29

Total Income from Continuing & Discontinued Operations	38,475.69	33,538.74	35, 151.77	1,29,454.37	1,35,910.11
2 Segment Results
Profit/(Loss) after Depreciation but Before Finance Cost & Tax & Exceptionalliems
a. Drum Closures Division	3,717.73	2,840.51	2,560.63	12,717.41	9,385.59
b. Scaffoldings Division	687.67	1.130.32	1,691.69	3,600.85	10.185.79
c. Yam Division	820.58	15,53	587.99	(57.45)	(475.82)
d. Fabric Division	(193.75)	(133.90)	(258.75)	(592.77)	(677.00)
e.Engineering & Design -Refer Note 5	799.12	312.51	97.04	1,992.51(0.85)	121.3412.83
f.OthersTotal	24.565,856.21	(6.99)4,157.98	(2.80)4,675.80	17,559.70	18,552.73
Less:
Finance Cost	582.50	688.57	924.25	2,880.52	3,743.99
ii.Other un-allocable expenditure net off un-allocable income	(25.81)	(1, 280, 11)	640.03	(2, 901.58)	(800.75)0.04
iii Share of Loss in Associate	(0.01)	0.01	0.043,111.48	0.0217,680.74	15,609.45
Total Profit Before Tax from Continuing Operations & Exceptional Items	5,299.53	4,749.51568.37	×.	1,062.64	¥.
Exceptional Items -Refer Note 7	494.27
Total Profit Before Tax from Continuing Operations but after ExceptionalItems	5,793.80	5,317.88	3,111.48	18,743.38	15,609,45

Gain/ (Loss) from Discontinued Operations (Net of Finance Cost)
Power Division -Refer Note 4	(710.16)	17.25	(492.91)	(1,694,08)	508,17
Total Profit / (Loss) before Tax ( Continuing & Discontinued Operations)	5,083.64	5,335.13	2,618.57	17,049.30	16,117.62

3 Segment Assets	27,456.74	23,483.46	23,356.61	27,456.74	23,366.61
a. Drum Closures Division	59.864.24	60,209.85	61,087,58	59,864.24	61,087,58
b. Scaffoldings Divisionc. Yam Division	26,940.53	27,693.12	38,561.26	26,940.53	38,561.26
d. Fabric Division	15,459.98	15,076.31	14,834.92	15,459.98	14,834.92
e.Engineering & Design-Refer Note 5	3,769.97	3,662.14	4,126.32	3,769.97	4,126.32
1. Power Division-Discontinued Operation - Refer Note 4	1.039.37	1,688.03	3,094.23	1.039.37	3,094.23
g.Others	153.84	6.64	3.91	153.84	3,91
Total Segment Assets	1,34,684.67	1,31,819,55	1,45,074.83	1,34,684.67	1,45,074,8336,527.66
Unallocable Assets	42,928.291,77,612.96	39, 359, 861,71,179.41	36,527.661,81,602.49	42.928.291,77,612.96	1,81,602.49
Total Assets

Segment Liabilities			5,131.92	6,033.72
a, Drum Closures Division	6,033.72	4,739.71	4,454,44	5, 573.25
b. Scaffoldings Division	5,673.25	6,578.073,945.52	4,659.67	3.424.29
c. Yam Division	3,424.291,917.19	1,858.44	1,443.77	1,917.19
d. Fabric Division	1,192.69	1,213,63	1,461.13	1,192.69
e.Engineering & Design-Reter Note 5	327.79	235.02	715.30	327.79
f. Power Division-Discontinued Operation -Refer Note 4	9.69	25.37	0.16	9.69
g.OthersTotal Segment Liabilities	18,578.6250,593.00	18,595.7648,195.91	17,866.3968,518.65	18,578.6250,593.00	5,131.924,454.444,659.671,443.771,461.13715.300.1617,866.3968,516.65

Technocraft Industries (India) Limited Audited Consolidated Balance sheet as at 31st March, 2021

		₹ in Lakhs
	As at 31.03.2021	As at 31.03.2020
Particulars	Audited	Audited
ASSETS
A) Non-current assets
a) Property, Plant and Equipment	37,912.37	43,094.37
b) Capital work-in-progress	1,240.28	2,049.22
c) Investment Property	3,821.36	4,137.46
d) Other Intangible assets	211.22	287.82
e) Goodwill on Consolidation	495.75	495.75
f) Financial Assets
i) Investments	14,460.15	11,735.37
ii) Others Financial Assets	3,298.06	675.11
g) Other non-current assets	186.00	244.61
Total Non-current assets	61,625.19	62,719.71
B) Current assets
a) Inventories	46,217.17	52,848.13
b) Financial Assets
i) Investments	18,983.80	15,355.91
ii) Trade receivables	34, 562, 30	34, 185.65
iii) Cash and cash equivalents	7,543.84	6,229.17
iv) Other Bank Balances	42.79	2,773.85
v) Loans	332.49	318.49
vi) Others Financial Assets	1,292.71	1,052.12
c) Other current assets	6,210.91	6,119.46

Total Current assets	1,15,186.01	1,18,882.78
Assets Classified as held for Sale - Refer Note 6	801.76
Total Assets	1,77,612.96	1,81,602.49

EQUITY AND LIABILITIES
EQUITY	2,446.17	2,446.17
a) Equity Share Capital	1,04,803.35	91,982.54
b) Other Equity	1,07,249.52	94,428.71
Equity attributable to Owners
Non Controlling Interest	1,191.82	788.74
Total Equity	1,08,441.34	95,217.45
LIABILITIES
A) Non-current liabilities
a) Financial Liabilities
i) Borrowings	10,569.46	13,577.57
ii) Other financial liabilities	178.59	327.62
b) Provisions	2,019.75	2,007.69
c) Deferred tax liabilities (Net)	887.66	633.97
d) Other non-current liabilities	880.38	1,111.53
Total Non-current liabilities	14,535.84	17,658.38

B) Current liabilities
a) Financial Liabilities		49,930.66
i) Borrowings	33,140.95
ii) Trade payables
Total Outstanding dues to Micro & Small Enterprises	28.97	41.11
Total Outstanding dues to Creditors other than Micro & Small Enterprises	6,995.98	6,636.88
iii) Other financial liabilities	10,952.44	9,534.73
b) Other current liabilities	2,407.05	2,123.25
c) Provisions	233.97	208.81
d) Current Tax Liabilities (Net)	876.42	251.22
Total Current liabilities	54,635.78	68,726.66
Total Equity and Liabilities	1,77,612.96	1,81,602.49

$80$ RA л c * MIIMA. cc

	$(F \in \mathsf{In} \in \mathsf{B}})$
A.		Year Ended 31stMarch 2021	Year Ended 31st March2020
	CASH FLOW ARISING FROM OPERATING ACTIVITIES :
	Profit after exceptional items but before tax from Continuing operations	18,743.38
	Profit after exceptional items but before tax from Discontinued operations	(1,694.08)	15,609.45508.17

	Add / (Less) : Adjustments to reconcile profit before tax to net cash used in operating activities
	Exceptional Items - Refer Note 7	(1,062.64)
	Depreciation & Amortisation ExpensesGovernment Grant Income	6.782.57	5,388.55
	Loss on sale of property, plant and Equipment	(216.00)	(230.22)
	(Gain) on sale of property, plant and Equipment	1.46	13.96
	Provision for Impairment Loss on Property, Plant and Equipment	(46.22)	(87.96)
	Unrealised Forex Loss / (gain)	1,317.57
	Share of Loss of Associate	(344.84)	(625.08)
	Interest Income	0.02	0.04
	Interest Expenses	(402.09)	(290.03)
	Dividend Income	2.576.31(0.02)	3,354.62
	Rental Income	(440.14)	(0.03)(583.72)
	Net gain on sale/fair valuation of Investments through profit & loss	(3,897.65)	(1, 290.98)
		21,317.63	21,766.77
	Working capital adjustments
	(Increase)/ Decrease in inventories	0.030.90	(5,061,04)
	(Increase)/ Decrease in trade receivables	(442.63)	135.95
	(Increase)/ Decrease in other receivables	(112.77)	2,361.26
	Increase/ (Decrease) in trade and other payables	1,145.40	4,476.62
		28,538.59	23,679.56
	Income Tax paid
		(2,708.03)	(3, 535, 15)
	Net Cash Inflow/(Outflow) in the course of Operating Activities (A)
	Net Operating Cash Inflow/(Outflow) from Continuing Operations	25,830.56	20.144.41
	Net Operating Cash Inflow/(Outflow) from Discontinued Operations	25,962.51	19,584.03
		(131.95)	560.38
B.	CASH FLOW ARISING FROM INVESTING ACTIVITIES:

	Purchase of Property, Plant and Equipment /Investment Properties /
	Intangible assets including capital work in Progress	(3,545,10)	(17, 384.72)
	Sales Proceeds of Property . Plant & Equipment / Investment Properties Including Insurance Claim received	2,204.39	110.26
	Purchase of Investments	(8, 875.00)	(2,575.00)
	Proceeds from sale of Investments	6,419.93	3,042.76
	Interest received	370.61	206.35
	Refund/ (Investment) in bank deposits having Original Maturity of more than than 3 monthsDividend Received	37.74	(33.98)
	Rent Received	0.02	0.03
		427.68	575.30
	Foreign Currency Translation Differences in respect of PPE/Investment Properties / Intangible assets	(70.15)	(397.67)
	Net Cash Inflow/(Outflow) in the course of Investing Activities (B)
	Net Cash Inflow/(Outflow) in the course of Investing Activities from Continuing Operations	(3,029.88)	(16, 456.67)
	Net Cash Inflow/(Outflow) in the course of Investing Activities from Discontinued Operations	(3,036.43)	(16, 386.29)
		6.55	(70.38)
C.	CASH FLOW ARISING FROM FINANCING ACTIVITIES :

	Net Proceeds / (Repayment) of Long Term & Short term Borrowings	(18, 748, 02)	1,129.45
	Interest paid	(2, 594.91)	(3,380.00)
	Repayment of Lease Liabilities	(143.08)	(233.49)

	Net Cash Inflow/(Outflow) in the course of Financing Activities (C)	(21, 486.01)	(2,484.04)
	Net Cash Inflow/(Outflow) in the course of Financing Activities from Continuing Operations	(21.552.71)	(1,980.78)
	Net Cash Inflow/(Outflow) in the course of Financing Activities from Discontinued Operations	66.70	(503.26)

	Net increase / (decrease) in cash and cash equivalents (A+B+C)	1,314.67	1,203.70
	Cash and cash equivalents at the beginning of the year
		6,229.17	5,025.47
	Cash and cash equivalents at the end of the Period
		7.543.84	6.229.17

Audited Consolidated Cash Flow Statement for the Year ended 31st March, 2021

Notes-1 The above Cash Flow Statement has been prepared under the 'Indirect Method' as set out in the Accounting Standard (IND AS) 7 - "Cash Flow Statements".

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

The Board of Directors of TECHNOCRAFT INDUSTRIES (INDIA) LIMITED Report on the audit of Standalone Financial Results