TPL Plastech Limited — Interim / Quarterly Report 2022

Nov 10, 2021

November 10, 2021

To, 1st Floor, New Trading Ring, Exchange Plaza, 5th Floor, Rotunda Building, Plot No. C-1, Block G, P.J. Towers, Dalal Street, Bandra - Kurla Complex, Scrip Code: 526582 Symbol: TPLPLASTEH

BSE Limited National Stock Exchange of India Ltd Fort, Mumbai - 400 001 Bandra (East), Mumbai - 400 051

Meeting Commencement Time	03:30 p.m.
Meeting Conclusion Time	06.30fP.™.

Dear Sir/Madam,

Sub: Outcome of Board Meeting held on November 10, 2021

Pursuant to Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of TPL Plastech Limited at its meeting held on November 10, 2021, inter-alia, transacted and approved the following businesses:

• a. Considered and approved Unaudited Financial Results for the Quarter and Half Year ended 30 September, 2021 (Annexure - A).
• b. Considered Limited Review Report dated November 10, 2021, issued by the statutory auditors, M/s. Raman Shah & Associates, Chartered Accountants, for the period ended 30 September, 2021 (Annexure - B).

You are requested to take note of the same.

Thanking you,

Yours Faithfully For TPL Plastech Limited

emant Soni Head-Legal & Company Secretary & Compliance Officer

TPL Plastech Ltd.

Registered Office : 102, 1st Floor, Centre Point, Somnath Daman Road, Somnath, Dabhel, Nani Daman, Daman - 396210. * CIN : L25209DD1992PLC004656

Corporate Office : 5th Floor, Sangeet Plaza, Marol Maroshi Road, Opp Marol Fire Brigade, Andheri (East), Mumbai — 400059 Tel. : 022 - 4062 4200 Fax : 022 - 4062 4299 * E-mail : info@tplplastech.in » Website : www.tplplastech.in

TPL PLASTECH LIMITED

oe Regd. Office:- 102, 1st Floor, Centre Point, Somnath Daman Road, Somnath, Dabhel, Nani Daman (U.T.)-396210 Corporate Office:- 5th Floor, Sangeet Plaza, Opp. Marol Fire Brigade, Marol Naka, Andheri(East) Mumbai-400 059 Tel: 022-4062 4200 *Fax No.: 022-4062 4299 *Email: Info@tnpl.net.in *Website: www.tplplastech.in

		A baexunw -A
	TPL PLASTECH LIMITEDCIN L25209DD1992PLC004656TP.Regd. Office:- 102, 1st Floor, Centre Point, Somnath Daman Road, Somnath, Dabhel, Nani Daman (U.T.)-396210oe
	Corporate Office:- 5th Floor, Sangeet Plaza, Opp. Marol Fire Brigade, Marol Naka, Andheri(East) Mumbai-400 059Tel: 022-4062 4200 *Fax No.: 022-4062 4299 *Email: Info@tnpl.net.in *Website: www.tplplastech.in
	STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2021
	Particulars		QUARTER ENDED		Half Year Ended		(Rs. In Lakhs)YEAR ENDED
		30.09.2021	30.06.2021(Unaudited) (Unaudited) (Unaudited)	30.09.2020	30.09.2021(Unaudited)	30.09.2020(Unaudited)	31.03.2021(Audited)
1(a)(b)	[INCOME[Revenue from Operations (Net of Taxes)]Other Income	5,812.111.50	4,986.241.50	4,240.692	10,798.353.00	6,726.55=	16,705.99e
	Total Income	5,813.61	4,987.74	4,240.69	10,801.35	6,726.55	16,705.99
2	EXPENDITURE
(a)(b)	Cost of Materials Consumed[Changes in Inventories of Finished Goods & Work In Progress	4,538.8733.39	4,049.55(210.76)	3,157.4568.08	8,588.42(177.37)	4,887.78188.80	12,382.32312.11
(c)(d)	[Employee Benefits Expenses[Finance Costs	183.68111.06	175.29116.79	159.26142.87	358.97227.85	306.43276.86	669.30535,38
(e)	[Depreciation and Amortization	97.54	107.84	87.59	205.38	178.87	359.82
(f)	]Other ExpensesTotal Expenditure	371.185,335.72	332.134,570.84	364.993,980.24	703.319,906.56	587.636,426.37	1,334.2015,593.12
3.	[Profit Before Tax (1-2)	477.89	416.90	260.45	894.79	300.18	1,112.87
4	{Tax Expenses	113.58	111.62	72,92	225.20	84.05	311.60
56	[Profit after tax for the period (3-4)[Other Comprehensive Income (Net of Tax)	364.31	305.28	187.53	669.59	216.13	801.27
	Items that will not be reclassified to Profit and Loss	=	"	:		:	9.93
	Other Comprehensive Income / (expenses)	-	-	-	-	-	9.93
78	{Total Comprehensive Income for the Period (5+6) Paid-up equity share capital (Face Value Rs. 10 each)	364.311,560.06	305.28780.03	187.53780.03	669.591,560.06	216.13780.03	811.20780.03

	Regd. Office:- 102, 1st Floor, Centre Point, Somnath Daman Road, Somnath, Dabhel, Nani Daman (U.T,}-396210	TPL PLASTECH LIMITEDCIN L25209DD1992PLC004656
	Corporate Office:- Sth Floor, Sangeet Plaza, Opp. Marol Fire Brigade, Marol Naka, Andheri(East) Mumbai-400 059Tel: 022-4062 4200 * Fax No.: 022-4062 4299 *Email: Info@tnpl.net.in *Website: www.tplplastech.in	Statement of Assets and Liabilities as at 30th September, 2021
	Particulars	Asat30.09.2021	(Rs. In Lakhs)Asat31.03.2021
	ASSETS Non-Current Assets	(Unaudited)	(Audited)
	{a) Property, Plant & Equipment(b) Capital Work-In-Progress(c) Right of Use-Assets	5,593.411,136.28309.44	5,650.36741.32:
	(d)Financial Assetsi) Investmentsii) Deposit & Others financial assets	:86.51	100.0087.82
	(e)Current Tax Assets(f)Other Non Current AssetsTotal Non Current Assets	3.30123.097,252.02	:123.366,702.86
	Current Assets(a) Inventories(b) Financial Assets	5,354.03,	5,161.78
	(i) Trade Receivables) Cash and Cash Equivalents(iii) Other Bank Balances	4,257.8720.99419.35	4,206.7425.56383.61
	{c) Other Current AssetsTotal Current Assets	1,060.5411,112.79	1,066.4210,844.12
	Assets Classified as Held for SaleTotal Assets	1,055.5019,420.31	809.0518,356.03
	Equity and LiabilitiesEquity (a) Equity Share Capital
	{b) Other EquityTotal Equity	1,560.068,028.439,588.49	780.038,422.539,202.56
	Liabilities Non-Current Liabilitiesa) Financial Liabilities
	{i) Borrowings{ii) Lease Liabilities(b) Deferred Taxes (Net)	639.82309.55890.12	465.33:899.07
	Total Non Current Liabilities[Current Liabilities(a) Financial Liabilities	1,839.49	1,364.40
	(i) Borrowings(ii) Trade Payables:-Total Outstanding Oues of Micro and small enterprises	1871.23,:	1,792.88-
	Total Outstanding Dues of Creditors other then Micro andsmall enterprises(iii) Other Financial Lial	5,153.60992.06	4,862.62978.01
	{b) Other Current Liabi(c) Provisions(d) Current Tax Liabilities (Net)	62.0913.41199.94	44.3114.5596.70
	Total Current LiabilitiesTotal Equity and Liabilities	7,992.3319,420.31,	7,789.0718,356.03
	The above resulls were reviewed and recommended by the Audit Committee and approved by the Board of Directors al their meeting}
1	held on 10th November, 20212. The National Company Law Tribunal (NCLT), Ahmedabad (Gujarat) has approved the scheme of Amalgamation between TPL Plastech	Limited and its 100% subsidiary company 'Ecotech Green Lifecycle Limited', vide their order dated June 02, 2021. Thus,
	above results for the quarter & half year ended 30th September, 2021 and quarter ended 30th June, 2021 includes the operations offEcotech Green Lifecycle Limited.3. The above financial	results of the company for Quarter ended 30th September, 2020, Half Year ended 30th September, 2020 and
	Year ended 31st March 2021 are on standalone basis without considering the financial results of Ecotech Green Lifecycle Limited,which is now amalgamated with the Holding Company. We are giving below main financial figures on consolidated basis to make itcomparable :			(Rs. In Lakhs)
	ParticularsTotal Income	September, 20204,335.39	Quarter Ended 30th Half Year Ended 30th Year Ended 3istSeptember, 20206,858.02	March, 202117,054.35
	Profit Before Tax (PBT)Total Comprehensive Income for the Period	252.54180.06	293.88209,83	4,112.42810.45
4	The Board of Directors of the Company at its meeting held on August 11, 2021 have recommended bonus issue of 1 (one) equity}share of face value of Rs. 10/- each for every 1 (one) equity share of face value of Rs. 10/- each held by shareholders of the Company as on the record date, subject to the approval by shareholders.
	Pursuant to the approval of the shareholders at the Annual General Meeting held on September 9, 2021, the Company allotted]78,00,300 bonus equity shares of face value of Rs. 10/- each as fully paid-up bonus equity shares, in the proportion of 1 (One) equityshare of face value of Rs. 10/- each for every 1 (One) existing equity shares of face value of Rs. 10/- each to the equity shareholders
	of the Company as on record date of September 18, 2021.Accordingly, the earning per share has been re-staled for the all the periods presented based on the number of 1,56,00,600 equityshares post bonus issue in accordance with IND AS 33 on "Earning Per Share"
	5 The Company has successfully completed Phase-I of its Greenfield project at Silvassa for manufacturing of Small Packaging]Products (50 ml {o 10 Ite) under Value Added products segment and has started commercial operations from October 2021. Initially,the Company will be serving its existing customers in the Chemicals, Pharmaceuticals, FMCG, Food products etc.The outbreak of corona virus (COVID-19) pandemic globally and in India is causing significant disturbance and slowdown off
6	'economic activity. The Company's operations and revenue were impacted due to COVID-19. There is no significant impact on theoperations of the Company during the quarter ended September 30, 2021.7 The Company's operations fall under a single segment i.e. polymer products.
	8 The figures for the corresponding period have been regrouped and reclassified wherever necessary to make them comparable with]the figures for the current period.
	Place: Mumbai
	Dated: 10th November, 2021

			(Rs. In Lakhs)
Particulars	September, 2020	Quarter Ended 30th Half Year Ended 30th Year Ended 3istSeptember, 2020	March, 2021
Total Income	4,335.39	6,858.02	17,054.35
Profit Before Tax (PBT)	252.54	293.88	4,112.42

			(Rs. In
	Quarter Ended 30thSeptember, 2020	Half Year Ended 30thSeptember, 2020	Year EndeMarch, 2
	4,335.39	6,858.02	17.
	252.54	293.88	1,
for the Period	180.06	209.83
iring the quarter ended September 30, 2021.Il under a single segment i.e. polymer products.	ts existing customers in the Chemicals, Pharmaceuticals, FMCG, Food products etc.is (COVID-19) pandemic globally and in India is causing significant disturbance and slowdany's operations and revenue were impacted due to COVID-19. There is no significant impactding period have been regrouped and reclassified wherever necessary to make them comparat
od.	ASTEC	TPL PLASTECH LIMITED

TPL PLASTECHLIMITEDStatement of Cash Flow for the Half Year Ended 30th SEPTEMBER, 2021
		(Rs. In Lakhs
PARTICULARS	For the Half Year ended30th September2021	31st March, 2021
CASH FLOW FROM OPERATINGACTIVITIES ;Net Profit before tax andextra ordinary itemsAdjusted for:	894.79	1,122.80
DepreciationInterest	205.38227.85	359.82535.38
Operating Profit (Loss) before Working Capital ChangesAdjusted for:	1,328.01	2,018.00
Trade and other Receivables	(325.86)	502.98
Inventories	(192.24)	345.11
Trade Payables	321.24	(539.15)
Cash generated from operationsIncome Tax Paid	1,131.15(130.91)	2,326.94(185.00)
Net cash from operating activitiesCASH FLOW FROM INVESTING ACTIVITIES:	1,000.24	2,141.94
Purchase of property, plant & equipment (including capital advances)	(442.97)	(383.60)
Sale of property, plant & equipmentNet Cash used in investing activities	19.69(423.28)	32.57(351.03)
CASH FLOW FROM FINANCING ACTIVITIES:Interest Paid	(227.85)	(535.38)
Proceeds / (Repayments) of Borrowings ( net )	(80.68)	(1,052.53)
Dividend Paid	(273.01)	(273.01)
Net Cash used in financing activitiesNet increase / (decrease) in Cash and Cash Equivalents (A+B+C)	(581.54)(4.57)	(1,860.92)(70.01)
Cash and Cash Equivalents at the beginning of the yearCash and Cash Equivalents at the end of the year	25.5620.99	95.5725.56

Auuerurew - B

RAMAN S. SHAH & ASSOCIATES CHARTERED ACCOUNTANTS

CA Raman S. Shah, B.Com ,F.C.A. CA Santosh A. Sankhe, B.Com ,F.C.A. CA Bharat C. Bhandari,B.Com ,F.C.A.

LIMITED REVIEW REPORT

TO The Board of Directors of TPL PLASTECH LTD.

We have reviewed the accompanying statement of unaudited financial results of The TPL PLASTECH LIMITED (the Company) for the quarter and half year ended September 30, 2021 attached herewith, being submitted by the Company pursuant to the requirement of Regulations, 2015 (Listing regulations').

This statement is the responsibility of the Company's Management and has been approved by the Board of Directors. Our responsibility is to issue a report on these results based on our review.

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. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatements. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data thus provide less assurance than an audit. We have not performed an audit and accordingly we do not express an audit opinion.

Bases on our review conducted as above, nothing has come to our attention that causes us to believed that the accompanying statement of unaudited financial results prepared in accordance with applicable Indian Accounting Standard (IND AS) and other recognized accounting practices and policies, has not disclosed and information required to be disclosed in terms of Regulation 33 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, read with circular issued from time to time, including the manner in which it is to be disclosed, or that it contains any material misstatements.

FOR RAMAN S. SHAH & ASSOCIATES CHARTERED ACCOUNTANTS FRN No: - 119891W

BHARATKUMAR CHHIBUBHAI BHANDAI

(CA Bharat C. Bhandari) (Partner) Date: 10" November, 2021 UDIN No:- 21106122AAAAHG4321

Place: Dahanu Membership No:-106122

Head Office :- Sam Plaza,'A' Wing,IInd Floor,H.K.Irani Road,Dahanu Road (W) 401602 Branch Office:-1)A-104,Ist Floor,Inder Darshan Building,Jamli Gali, Borivali(W),Mumbai(W),400092 2)118-121,Ist Floor,"Harmony Plaza",Tarapur Road,Boisar,401501