Texmaco Infrastructure & Holdings Ltd — Interim / Quarterly Report 2022

Aug 11, 2021

Texmaco Infrastructure & Holdings Limited

11th August,202l

National Stock Exchange of India Ltd. Exchange Plaza, C-L, BlockG, Bandra Kurla Complex Bandra (E), Mumbai - 400051 Symbol - TEXINFRA

BSE Limited P. J. Towers, Dalal Street, Mumbai - 400001 Scrip Code - 505400

Dear Sirs,

We would like to inform you that the Board of Directors at its Meeting held today has inter-alia, approved the Unaudited Standalone & Consolidated Financial Results of the Company for the quarter ended 30th June, 2021 which are enclosed along with the Limited Review Reports thereon issued by the Statutory Auditors of the Company.

The Meeting commenced at 4:00 p.m. and concluded at 5:20 p.m.

This is for your information and record.

Thanking you,

Yours faithfully, For Texmaco Infrastructure & Holdings Limited

Rahul Harsh Company Secretary Compliance Officer

Regd. Office: Belgharia, Kolkata 700056. Ph +91033 25691500. Fax 254LL722 /zgg Email : texmail@texmaco.in Website : www.texinfra.in CIN : 17010lW81939P1C009800

CIN: L70101WB1939PLC009800

TEXMACO INFRASTRUCTURE & HOLDINGS LIMITED Statement of Un-audited financial Results for the quarter ended 30th June, 2021

Rs. in Lakhs

		STANDALONE			CONSOLIDATED
Sr.	Particulars	Quarter ended		Year ended	Quarter ended		Year ended
No.		30-Jun-2021	31-Mar-2021	30-Jun-2020	31-Mar-2021	30-Jun-2021	31-Mar-2021	30-Jun-2020	31-Mar-2021
		(Unaudited)	(Audited)	(Unaudited)	(Audited)	(Unaudited)	(Audited)	(Unaudited)	(Audited)
$\mathbf{1}$	Income(a) Revenue from Operations
		172.35	137.91	157.17	943.86	295.81	301.17	236.54	1,474.83
	(b) Other Income	247.79	861.20	265.75	1,834.79	231.00	844.87	251.76	1,651.07
	Total Income	420.14	999.11	422.92	2,778.65	526.81	1,146.04	488.30	3,125.90
$\overline{2}$	Expenses
	(a) Employee Benefits Expense	95.15	108.78	84.34	399.43	224.40	288.40	167.95	952.93
	(b) Finance Costs	63.79	69.78	86.86	312.07	60.91	64.91	86.93	307.33
	(c) Depreciation and Amortisation Expenses	72.72	72.91	69.61	282.12	72.98	73.17	69.87	283.16
	(d) Other Expenses	128.05	281.22	99.95	610.97	126.00	282.02	94.47	594.13
	Total Expenses	359.71	532.69	340.76	1,604.59	484.29	708.50	419.22	2,137.55
з	Profit/(Loss) before Exceptional Items & Tax (1-2)	60.43	466.42	82.16	1,174.06	42.52	437.54	69.08	988.35
4	Exceptional item	$\sim$	$\sim$	sir.		$\sim$	$\rightarrow$	$\pm \infty$	$\sim$
s	Profit/(Loss) before Tax (3-4)	60.43	466,42	82.16	1,174.06	42.52	437.54	69.08	988.35
	Tax Expense / benefit
	(a) Current Tax including Tax related to earlier years	19.00	109.49	20.69	295.49	21.11	103.83	24.60	303.79
	(b) Deferred Tax charge / (credit)	sin.	(43.84)	$\sim$	(68.50)	÷	(45.32)	$\pm \infty$	(67.39)
6	Net Tax Expense / benefit	19.00	65.65	20.69	226.99	21.11	58.51	24.60	236.40
7	Net Profit/(Loss) after tax (5-6)	41.43	400.77	61.47	947.07	21.41	379.03	44.48	751.95
8	Share in Profit/(Loss) after tax from Associates (Net)	÷.	$\overline{\phantom{a}}$	$\frac{1}{2}$	$\overline{\phantom{a}}$	232.75	473.34	(657.26)	355.34
9	Net Profit / (Loss) after tax and share in profit / (loss) of associates (7+8)	41.43	400.77	61.47	947.07	254.16	852.37	(612.78)	1,107.29
	10 Profit/(loss) for the period Attributable to:	$\overline{a}$	$\mathbf{a}$	$\overline{a}$	$\sim$	254.16	852.37	(612.78)	1,107.29
	Owners of the Parent	$\overline{\phantom{a}}$	$\sim$	$\overline{a}$	$\sim$	254.04	852.59	(613.50)	1,107.44
	Non-Controlling Interest	$\sim$	$\sim$	$\overline{\phantom{a}}$	$\overline{a}$	0.12	(0.22)	0.72	(0.15)
	11 Other comprehensive income	3,159.59	522.07	3,380.98	5,529.89	3,279.96	632.29	3,500.28	5,829.80
	Items that will not be reclassified to profit or loss (net of taxes)	3.093.31	497.17	3,314.98	5,301.99	3,253.12	618.29	3,425.13	5,562.93
	Items that will be reclassified to profit or loss.	66.28	24.90	66.00	227.90	26.84	14.00	75.15	266.87
	12 Total Comprehensive Income:	3,201.02	922.84	3,442.45	6,476.96	3,534.12	1,484.66	2,887.50	6,937.09
	Owners of the Parent	$\overline{\phantom{a}}$	w.	$\overline{\phantom{a}}$	$\overline{\phantom{a}}$	3,534.00	1,484.88	2,886.78	6,937.24
	Non-Controlling Interest	$\sim$	$\sim$	$\overline{\phantom{a}}$	$\sim$	0.12	(0.22)	0.72	(0.15)
	13 Paid up Equity Share Capital (Face Value Rs.1/- Per Share)	1,274.28	1,274.28	1,274.28	1,274.28	1,274.28	1,274.28	1,274.28	1,274.28
	14 Other Equity				35,560.25				61,455.59
	15 Earnings per Share (of Re.1/- each) (Not Annualised):
	(a) Basic	0.03	0.31	0.05	0.74	0.20	0.67	(0.48)	0.87
	(b) Diluted	0.03	0.31	0.05	0.74	0.20	0.67	(0.48)	0.87

TEXMACO INFRASTRUCTURE & HOLDINGS LIMITED

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CIN: L70101WB1939PLC009800 Segment Revenue, Results

westing, Assets and Liabilities

Segment Revenue, Results, Assets and LiabilitiesSr:No.					TEXMACO INFRASTRUCTURE & HOLDINGS LIMITED			Statement of Un-audited Financial Results
	Particulars							For the quarter ended 30th June, 2021
1.			Quarter ended	STANDALONE
SEGMENT REVENUE (Gross)		30-Jun-2021	31-Mar-2021
Real Estateb)		(Unaudited)	(Audited)	30-Jun-2020	Year ended			CONSOLIDATED	Rs. In Lakhs
Mini Hydro				(Unaudited)	31-Mar-2021	30-Jun-2021	Quarter ended
Job Work Services		105.81			(Audited)	(Unaudited)	31-Mar-2021	30-Jun-2020	Year ended
Total		66.54	132.87	105.81			(Audited)	(Unaudited)	31-Mar-2021
Less : Inter Segment Revenue			5.04		651.67				(Audited)
Net Sales/Income from operation		172.35		51.36	292.19	108.81	135.87
2. SEGMENT RESULTS			137.91		$\sim$	66.54	5.04	108.81
Profit before Interest & Tax		172.35		157.17	943.86	130.26	169.59	51.36	664.61
la JReal Estate			137.91			305.61		86.04	292.19
b)Mini Hydro				157.17	943.86	(9.80)	310.50	246.21	557.62
(c)Job Work Services						295.81	(9.33)	(9.67)	1,514.42
(d)		(42.06)					301.17	236.54	(39.59)
Other-UnallocatedTotal		(11.38)	505.17	16.46					1,474.83
		$\alpha$	(99.34)	(1.49)	595.43	(41.78)
Add/ (Less) : Interest (Net)		(37.23)			(13.14)		504.83
Total Profit before Tax		(90.67)	(84.01)	(108.20)		(11.38)	(99.34)	19.17	600.21
		151.10	321.82	(93.23)	(51.60)	0.31	(11.01)	(1.49)	(13.14)
SEGMENT ASSETS a		60.43	144.60	175.39	530.69	(40.23)	(4.25)	2.31	2.64
Real Estateb)			466.42	82.16	643.37	(93.08)	390,23	(108, 20)	(173.09)
Mini Hydro c					1,174.06	135.60	47.31	(88.21)	416.62
Job Work Servicesd)		11,604.51				42.52	437.54	157.29	571.73
Other-Unallocated		877,42	11,726.27	12,198.04				69.08	988.35
Total			826.76	912.69	11,726.27
SEGMENT LIABILITIES		31,537.20			826.76	11,559.32	11,981.87
Real Estate		44,019.13	28,306.20	25,796.74		877.42	826.76	12,161.48	11,981.87
Mini Hydro			40,859.23	38,907.47	28,306.20	593.76	518.96	912.69	826.76
Job Work Services					40,859.23	57,685.52	53,799.41	472.89	518.96
Other-Unallocated		2,837.60	2,883.43			70,716.02	67,127.00	50,611.36	53,799.41
Total		244.56	252.48	3,871.35	2,883.43			64,158.42	67,127.00
			r.	259.35	252.48	2,843.23
		901.42	888.79		ŵ	244.56	2,885.88	3,881.11
		3,983.58	4,024.70	721.90		386.09	252.48	259.35	2,885.88
				4,852.60	888.79	901.42	293.25	285.21	252.48
					4,024.70	4,375.30	888,79	721.90	293.25
							4,320.40	5,147.57	888.794,320.40

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TEXMACO INFRASTRUCTURE & HOLDINGS LIMITED Statement of Un-audited Financial Results

for the quarter ended 30th June, 2021

CIN: L70101WB1939PLC009800

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Notes:

$1. (i)$ The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their Meetings held on 11th August, 2021.

$102$

• (ii) The above results for the current quarter ended 30th June, 2021 have been reviewed by the Statutory Auditors as required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
• (iii) The consolidated Financial Results of the Company for the year ended 31st March, 2021 have been prepared in accordance with the Ind-AS and based on auditor's reviewed accounts of its subsidiaries and auditor's reviewed/management certified accounts of associate companies.
• 1. With the onset of the 2nd wave of COVID-19 and consequent restrictions imposed on the operations of the Company, the performance for Q1 was adversaly impacted. The Company will continue to closely monitor any material changes arising from future economic conditions and impact on its business.
• 1. The figures for the quarter ended 31st March, 2021 are arrived at as difference between audited figures in respect of full financial year and the unaudited published year-to-date figures upto 31st December, 2020, which were subjected to limited review.
• 1. Previous period figures have been re-grouped/re-arranged whereever necessary.

Registered Office: Belgharia, Kolkata -700 056 Phone No. +91-33-25691500 Fax No. +91-33-25412448 Website : www.texinfra.in

Place : Kolkata Dated: 11th August, 2021

Digitally signed by Sommitted...DN: c=IN, st=West Bengal,2.5.4.20=6b83dbe33be72ee0c8b24576d33f7. $23d29e89080226286e48b3f7e0ebo912f4, \newline 93d29e89080226286e48b3f7e0ebo912f4, \newline postalCode=700009, street=IDEAL HEIGHTS BLOCKB FLAT 19D 302 APC ROAD, \newline 186d21e0e0e0e0e0e0e0e0e0e0e0e0e0e0e0e0e0e0e0$ serialNumber=fd9c3a776b05f73de596d7ce6a4e0bc8bd0efdd752293270d19b3a47fc5633f7 o=Personal, cn=SUNITA KEDIA seudonym=dff84c7d31589a28beec1ca336b ozuolate: 2021.08.11 16:59:29 +05'30'

Digitally signed by SUNITA KEDIA

user Parcel

Utsav Parekh Director DIN: 00027642

Chartered Accountants		Mumbai Branch: 245, Kuber Complex, New Link Road, Andheri (W)
G. P. AGRAWAL & CO.		Mumbai - 400 053 Ph. 2673-0167/4010-7907
Head Office:		Res: 6526-75555, E-mail: mumbai@gpaco.net
Unit No. 606, Diamond Heritage,
16, Strand Road, Kolkata 700001	Delhi Branch:	252A, Vijay Tower, ShahpurJat, Opp. Panchsheel
Ph. 66076831/46012771/46017361		Park Commercial Complex, New Delhi - 110 049
Second Office:		Ph. 2649-1374, Fax: (011) 2649-6932
7A, Kiran Shankar Ray Road,		Res: (0124)506 1150, E-Mail: maildel@gpaco.net
Kolkata - 700001

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

Review Report To The Board of Directors of Texmaco Infrastructure & Holdings Limited

Email: mail@gpaco.net, Website: www.gpaco.net

• 1. We have reviewed the accompanying statement of unaudited standalone financial results of Texmaco Infrastructure & Holdings Limited ("the Company"), for the quarter ended $30th$ June, 2021 ("the statement"), being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
• This Statement, which is the responsibility of the Company's Management and approved by 2. the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued hereunder and other accounting principles generally accepted in India. Our responsibility is to issue a conclusion on this Statement based on our review.
• We conducted our review of the Statement in accordance with the Standard on Review 3. 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 could become aware of all significant matters that might be identified in an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
• 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 applicable Indian accounting standards and other recognized 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 it is to be disclosed, or that it contains any material misstatement.

5. Other Matter

Due to the COVID-19 pandemic, travel restrictions were imposed by the Government/local administration. Hence, the audit processes were carried out electronically by remote access. The necessary records were made available by the management through digital medium and were accepted as audit evidence while reporting for the current period.

For G. P. Agrawal & Co. Chartered Accountants Firm Regn. No. 302082E

(CA. Sunita Kedia) Partner Membership No. 060162 UDIN: 21060162AAAADY4713

Place: Kolkata Dated: The 11th day of August, 2021

	Mumbai Branch: 245, Kuber Complex, New Link Road, Andheri (W)Mumbai - 400 053 Ph. 2673-0167/4010-7907Res: 6526-75555, E-mail: mumbai@gpaco.net
Delhi Branch:	252A, Vijay Tower, Shahpur Jat, Opp. PanchsheelPark Commercial Complex, New Delhi - 110 049Ph. 2649-1374, Fax: (011) 2649-6932Res: (0124)506 1150, E-Mail: maildel@gpaco.net

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

Review Report To The Board of Directors of Texmaco Infrastructure & Holdings Limited

Chartered Accountants G. P. AGRAWAL & CO. Head Office:

Second Office:

Kolkata - 700001

Unit No. 606, Diamond Heritage, 16, Strand Road, Kolkata 700001. Ph. 66076831/46012771/46017361

7A, Kiran Shankar Ray Road,

Email: mail@gpaco.net, Website: www.gpaco.net

• 1. We have reviewed the accompanying statement of unaudited consolidated financial results of Texmaco Infrastructure & Holdings Limited ("the Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group"), and its associates for the quarter ended 30th June 2021, being submitted by the Parent 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 Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 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 on the Statement based on our review.
• 1. 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 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.

Sl. No.	Name of the entity	Nature of relationship
1	Valley View Landholdings Private Limited	Subsidiary
$\overline{2}$	Macfarlane & Company Limited	Subsidiary
3	High Quality Steels Limited	Subsidiary
4	Topflow Buildcon Private Limited	Step down subsidiary
5	Startree Enclave Private Limited	Step down subsidiary
6	Snowblue Conclave Private Limited	Step down subsidiary
7	Texmaco Rail & Engineering Limited	Associate
8	Lionel India Limited	Associate
9	Sigma Rail Systems Private Limited	Associate

$4.$ The Statement includes the results of the following entities:

• Based on our review conducted and procedures performed as stated in paragraph 3 above and 5. based on the consideration of the review reports of the other auditors referred to in paragraph 6 below, 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 Standard andother 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.
• We did not review the interim financial results of three step down subsidiaries included in the 6. consolidated unaudited financial results, whose interim financial results reflects total revenues of Rs. Nil, total loss after tax of Rs. 0.15 lakh and total comprehensive loss of Rs. 0.15 lakh for the quarter ended 30th June, 2021, as considered in the consolidated unaudited financial results. The consolidated unaudited financial results also include the Group's share of net profit after tax of Rs. 232.75 lakh and total comprehensive income of Rs. 353.13 lakh for the quarter ended 30th June, 2021, as considered in the unaudited consolidated financial results, in respect of two associates, whose interim financial results have not been reviewed by us. These interim financial results have been reviewed by other auditors whose reports have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries and associates, is based solely on the report of other auditors and the procedures performed by us as stated in paragraph 3 above.

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

1. The consolidated unaudited financial results include the interim financial results of one subsidiary which have not been reviewed by its auditor, whose interim financial results reflect total revenue of Rs. Nil, total net loss after tax of Rs. 0.05 lakh and total comprehensive loss of Rs. 0.05 lakh for the quarter ended 30th June, 2021, as considered in the consolidated unaudited financial results. The consolidated unaudited financial results also include the Group's share of net profit after tax of Rs. Nil and total comprehensive income of Rs. Nil for the quarter ended 30th June, 2021, as considered in the consolidated unaudited financial results, in respect of an associate, based on its interim financial results which have not been reviewed by its auditors and furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures in respect of these subsidiary and associate, is based solely on such unreviewed interim financial results. According to the information and explanations given to us by the Management, these interim financial results are not material to the Group.

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

Other Matter 8.

Due to the COVID-19 pandemic, travel restrictions were imposed by the Government/local administration. Hence, the audit processes were carried out electronically by remote access. The necessary records were made available by the management through digital medium and were accepted as audit evidence while reporting for the current period.

For G. P. Agrawal & Co. Chartered Accountants Firm Regn. No. 302082E SUNITA

KEDIA

(CA. Sunita Kedia) Partner Membership No. 060162 UDIN: 21060162AAAADZ4114

Place: Kolkata Dated: The 11th day of August, 2021