Technojet Consultants Ltd. — Interim / Quarterly Report 2021

Oct 29, 2020

TECHNOJET CONSULTANTS LIMITED

Registered Address: Neville House, J. N. Heredia Marg, Ballard Estate, Mumbai 400 001 Telephone No: 91 2261 8071 Fax: 02267495200

Admin Office:

C-1, Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai 400 025 Website: www.technojet.in

[th] October, 2020

To, BSE Limited P. J. Towers, Dalal Street, Mumbai – 400 001

Scrip Code: 509917

Dear Sir / Madam,

Sub: OUTCOME OF THE BOARD MEETING

Ref: REGULATION 30 & 33 OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS 2015 ("LISTING REGULATIONS")

We wish to inform you that the Board of Directors of the Company at its meeting held today i.e. 29[th] October, 2020 considered and approved the Unaudited Financial Results for the Quarter and half year ended September 30, 2020.

Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), we enclose the following:

• Unaudited Financial Results for the quarter and half year ended September 30, 2020 along with Limited Review Report of the Statutory Auditors thereon.

Further, in accordance with 47(1) (b) of the Listing Regulations, the Company would be publishing Extract of Unaudited Financial Results for the quarter and half year ended September 30, 2020.

The meeting of the Board of Directors commenced at 6:00 p.m. and concluded at 7:15 p.m.

Kindly take the same on record

Thanking you,

Yours faithfully,

For Technojet Consultants Limited

Sugandha Goyal

Digitally signed by Sugandha Goyal DN: c=IN, o=Personal, postalCode=313001, st=Rajasthan, 2.5.4.20=980fbf9e0555a6a16cd058cd8d1cb8c560eccb4c9 69af5fc7460617d81f4d99f, pseudonym=8C909CC0A95271E07DE2D2E55B39D618CE4 7E4B9, serialNumber=a6036349070913ad5577414d062e9328d10 ca5c300488c44e73deae304d58817, cn=Sugandha Goyal Date: 2020.10.29 19:24:29 +05'30'

Sugandha Goyal Company Secretary & Compliance Officer Encl: As above.

CC:

National Securities Depository Ltd., Trade World, 4th Floor, Kamala Mills Compound, S. Bapat Marg, Lower Parel, Mumbai - 400 013.

Central Depository Services (India) Ltd., Phiroze Jeejeebhoy Towers, 16th Floor, Dalal Street, Mumbai- 400 023

M/s KFin Technologies Pvt. Ltd. Karvy Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Nanakramguda, Hyderabad - 500 032

C H A R T E R E D A C C O U N T A N T S

KALYANIWALLA & MISTRY LLP

Independent Auditor’s Review Report on Unaudited Quarterly Financial Results of the Company.

To the Board of Directors of Technojet Consultants Limited

1. We have reviewed the accompanying statement of unaudited financial results of Technojet Consultants Limited (‘the Company’) for the quarter ended September 30, 2020 and year to date results for the period from April 1, 2020 to September 30, 2020, together with the notes thereon (referred to as ‘the Statement’, which we have initialed for identification), being submitted by the Company pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (“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 at its meeting held on October 29, 2020, 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 (“the Act”) read with relevant Rules issued thereunder; and other accounting principles generally accepted in India. Our responsibility is to issue a conclusion on the Statement based on our review.

3. 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.

4. 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 Ind AS and other accounting principles 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, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For Kalyaniwalla & Mistry LLP Chartered Accountants Registration No. 104607W/W100166

Jamshed Digitally signed by Jamshed Kekas Udwadia DN: c=IN, o=Personal, 2.5.4.20=dbe2553e6b4513a4879c05abe12a ed506e055b8937b956180aa473f42353e9c1 Kekas , postalCode=400093, st=Maharashtra, serialNumber=c29a14ac12cfde9d0c83830cf b7de4e6c1f162c153bcf810688f03232abeeb 8f, cn=Jamshed Kekas Udwadia Date: 2020.10.29 19:17:14 +05'30' Udwadia

Jamshed K. Udwadia

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Partner Membership No.: 124658 UDIN: 20124658AAAAHM6793 Mumbai: October 29, 2020.

LLP IN : AAH · 3437

REGISTERED OFFICE : ESPLANADE HOUSE, 29, HAZARIMAL SOMANI MARG, FORT, MUMBAI 400 001 TEL.: (91) (22) 6158 6200, 6158 7200 FAX: (91) (22) 6158 6275

TECHNOJET CONSULTANTS LIMITED

Neville House, J.N.Heredia Marg, Ballard Estate, Mumbai - 400 001

CIN: L74210MH1982PLC027651 www.technojet.in

STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2020

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(₹ in Lakh)
( 1 ) ( 2 ) ( 3 ) ( 4 ) ( 5 ) ( 6 )
PARTICULARS Quarter Ended Half Year Ended Year Ended
30.09.2020 30.06.2020 30.09.2019 30.09.2020 30.09.2019 31.03.2020
(Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited)
I. Revenue from operations - - - - - -
II. Other Income 1.78 1.94 2.47 3.72 5.05 9.50
III. Total Income (I + II) 1.78 1.94 2.47 3.72 5.05 9.50
IV. Expenses:
- - - - - -
(a) Cost of materials consumed
- - - - - -
(b) Purchase of stock-in-trade
(c) Change in inventories of finished goods, work-in
- - - - - -
progress and stock-in-trade
- - - - - -
(d) Excise Duty
(e) Employee benefits expense 1.23 1.43 1.23 2.66 2.46 4.56
- - - - - -
(f) Finance Costs
(g) Depreciation and amortisation expenses * * * * * 0.01
(h) Other expenses 1.57 1.14 1.73 2.71 3.37 9.56
Total expenses 2.80 2.57 2.96 5.37 5.83 14.13
V. Profit/(Loss) before exceptional items and tax (III - IV) (1.02) (0.63) (0.49) (1.65) (0.78) (4.63)
VI. Exceptional items - - - - - -
VII. Profit/(Loss) before tax (V - VI) (1.02) (0.63) (0.49) (1.65) (0.78) (4.63)
VIII. Tax expense:
- - - - - -
1) Current tax
- - - - - -
2) Deferred tax
3) For earlier period - - - - 0.46 0.46
IX. Profit/(Loss) after Tax (VII-VIII) (1.02) (0.63) (0.49) (1.65) (1.24) (5.09)
X Other Comprehensive Income
A(i) Items that will not be reclassified to profit or loss
- - -
Change in Fair value of Equity Investments (6.96) (7.20) (7.23)
(ii) Income tax relating to items that will not be - - 1.45 - 1.50 1.50
reclassified to profit or loss
- - - - - -
B(i) Items that will be reclassified to profit or loss
(ii) Income tax relating to items that will be reclassified to profit or loss - - - - - -
- - -
Other Comprehensive Income (OCI) (5.51) (5.70) (5.73)
XI. Total Comprehensive Income for the period (IX + X) (1.02) (0.63) (6.00) (1.65) (6.94) (10.82)
XII. Paid up share capital (par value ₹ 10/- each, fully paid) 20.00 20.00 20.00 20.00 20.00 20.00
XIII. Other equity 63.32
Earnings per equity share of ₹ 10/- each for 200,000
XIV. shares (not annualised):
Basic (₹) (0.51) (0.31) (0.25) (0.83) (0.62) (2.55)
Diluted (₹) (0.51) (0.31) (0.25) (0.83) (0.62) (2.55)
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• denotes values less than ₹ 1 thousand.

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TECHNOJET CONSULTANTS LIMITED

Neville House, J. N.Heredia Marg, Ballard Estate, Mumbai - 400 001 CIN: L74210MH1982PLC027651 www.technojet.in

STATEMENT OF ASSETS & LIABILITIES AS AT 30TH SEPTEMBER, 2020

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(₹ in Lakh)
As at
Particulars 30.09.2020 31.03.2020
(Unaudited) (Audited)
(A) ASSETS
1 Non-current assets
- -
(a) Property, plant and equipment
(b) Investment property 0.67 0.67
(c) Financial Assets
- -
(i) Investments
(d) Deferred Tax Assets (Net) 0.04 0.04
Total Non-Current Assets 0.71 0.71
2 Current assets
(a) Financial Assets
(i) Investments 75.70 -
(ii) Cash and cash equivalents 2.34 0.32
(iii) Bank balances other than (ii) above 0.28 82.36
(b) Current tax assets (net) 0.90 0.70
(c) Other current assets 2.31 0.12
Total Current Assets 81.53 83.50
TOTAL - ASSETS 82.24 84.21
(B) EQUITY AND LIABILITIES
1 Equity
(a) Equity share capital 20.00 20.00
(b) Other equity 61.67 63.31
Total Shareholder's Funds 81.67 83.31
2 Current liabilities
(a) Other current liabilities 0.57 0.90
Total Current Liabilities 0.57 0.90
TOTAL EQUITY AND LIABILITIES 82.24 84.21
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TECHNOJET CONSULTANTS LIMITED

Neville House, J. N.Heredia Marg, Ballard Estate, Mumbai - 400 001

CIN: L74210MH1982PLC027651 www.technojet.in

STATEMENT OF CASH FLOW FOR THE HALF YEAR ENDED 30TH SEPTEMBER, 2020

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(₹ in Lakh)
Half Year Ended Year Ended
Particulars
30.09.2020 31.03.2020
A CASH FLOW FROM OPERATING ACTIVITIES
Profit / (Loss) before Exceptional Items and Tax (1.65) (4.63)
Depreciation and amortisation expense * 0.01
Profit on sale of mutual funds (0.70) (4.31)
Unclaimed balances / excess provisions written back - -
Interest income (0.58) (0.39)
(2.93) (9.32)
Adjustments for changes in working capital
Other current assets (2.19) (0.03)
Other current liabilities (0.33) 0.21
(5.45) (9.14)
Direct taxes paid (Net) (0.19) 0.39
NET CASH USED IN OPERATING ACTIVITIES (A) (5.64) (8.76)
B CASH FLOW FROM INVESTING ACTIVITIES
Term Deposit placed with bank (240.50) (82.00)
Proceeds from Term Deposit matured 322.50 79.00
Purchase of investments (75.00) (250.00)
- -
Proceeds from redemption of preference shares
Proceeds from sale of mutual funds - 254.31
Interest received 0.66 0.42
NET CASH FROM INVESTING ACTIVITIES (B) 7.66 1.73
C CASH FLOW FROM FINANCING ACTIVITIES (C) - -
NET INCREASE / (DECREASE) IN CASH AND CASH EQUIVALENTS ( A+B+C) 2.02 (7.03)
CASH AND CASH EQUIVALENTS AT THE COMMENCEMENT OF THE YEAR 0.32 7.35
CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR 2.34 0.32
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• denotes values less than ₹ 1 thousand.

Notes:

• 1 The above results which are published in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as modified by Circular No. CIR/CFD/FAC/62/2016 dated 5th July 2016 have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at their respective meetings held on Thursday, 29th October, 2020. The financial results of the Company have been prepared in accordance with the Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and the other accounting principles generally accepted in India. The Unaudited Financials Results for the quarter and half year ended 30th September, 2020 have been subject to limited review by the Statutory Auditors who have expressed an unmodified opinion.

• 2 The Company does not have any revenue from operations and hence there are no reportable segments as per Ind AS 108, 'Operating Segment'.

• 3 Previous period figures have been regrouped / reclassified wherever necessary.

For Technojet Consultants Limited

JAIRAJ Digitally signed by JAIRAJ CHAMPAK CHAMPAKLAL BHAM LAL BHAM Date: 2020.10.29 19:24:19 +05'30'

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J.C. Bham Chairman (DIN : 02806038)

Date : 29th October, 2020 Place : Mumbai