Visagar Polytex Ltd — Interim / Quarterly Report 2021

Jul 16, 2021

16th July, 2021

The Manager	The National Stock Exchange of India
BSE Limited	Limited
Corporate Relationship Department	Exchange Plaza, Plot No. C/1, G Block,
1st Floor, New Trading Ring,	Bandra Kurla Complex,
Rotunda Building, P.J Towers,	Bandra (E), Mumbai – 400 051
Dalal Street, Fort, Mumbai -400001
	ISIN Code- INE370E01029
BSE Scrip ID – VIVIDHA
BSE Scrip Code - 506146

Sub : Adoption of Unaudited Financial Results for the quarter ended 30th June, 2021

Dear Sir,

In compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby submit Standalone Unaudited Financial Results alongwith the Limited Review Report for the quarter ended 30th June, 2021.

Kindly take the same on your record and oblige.

Thanking You,

Yours Faithfully,

Encl: A/a

	STATEMENT OF STANDALONE UN-AUDITED FINANCIAL RESULT FOR THE QUARTER ENDED 30 TH JUNE 2021
	PART I	(In Lacs)
Sr.			QUARTER ENDED
No.	PARTICULARS	30.06.2021	31.03.2021	30.06.2020	31.03.2021
		UN-AUDITED	AUDITED	UN-AUDITED	AUDITED
$\mathbf{1}$	Income
a)	Revenue from Operations	72.36	50.57	143.09	481.40
b)	Other Income		30.11		30.11
	Total Income (a+b)	72.36	80.68	143.09	511.51
$\overline{2}$	Expenses
a)	Cost of Materials Consumed	2.19	18.47		18.47
b)	Purchase of stock -in-trade	64.95	1.45	187.67	467.21
$\mathcal{C}$	Changes in inventories of finished goods, work-in-progress and stock-in-trade.	(32.40)	(49.16)	(12.33)	(97.09)
d	Employees benefits expenses	5.36	5.04	0.25	8.22
e)	Finance Costs	0.88	5.16	0.02	16.69
f)	Depreciation and amortisation expenses	14.12	64.36		64.36
g)	Other Expenses	10.15	13.12	7.61	29.47
	Total Expenditure (a+b+c+d+e+f+g)	65.25	58.44	183.22	507.33
3	Profit / (Loss) from Ordinary activities before exceptional
$\overline{4}$	items, extraordinary items and tax (1-2) Exceptional items	7.11	22.24	(40.13)	4.18
5
	Profit / (Loss) from ordinary activities before tax (3-4)	7.11	22.24	(40.13)	4.18
6	Tax expenses-Current tax
	- Defered tax
	Total tax
7	Net profit/ (Loss) for the period from continuing operations $(5-6)$	7.11	22.24	(40.13)	4.18
8	Profit/(Loss) from discontinued operations
9	Tax expense of discontinued operations
10	Profit/(Loss) from discontinued operations after tax (8-9)
11	Profit/(Loss) for the period(7+10)	7.11	22.24	(40.13)	4.18
12	Share of Profit / (Loss) of Associates
13	Minority Interest
14	Consolidated Net Profit/ (Loss) of the period	7.11	22.24	(40.13)	4.18
15	Other Comprehensive Income
16	Total Comprehensive Income	7.11	22.24	(40.13)	4.18
17	Face Value	1.00
18	Paid-up equity share capital (Rs.Lacs)	2,927.01	1.00 2,927.01	1.00 2,927.01	1.00 2,927.01
	Reserve excluding Revaluation Reserves as per balance sheet of
	19 previous accounting year
	Earnings Per Share (for continuing and discontinued
	20 operations)
	a) Basic	0.00	0.01	(0.01)	0.00
	b) Diluted	0.00	0.01	(0.01)	0.00

Note:-

1 Results for the quarter ended 30th June, 2021 are in compliance with Indian Accounting Standards ('IND AS") notified by the Ministry of

2 The above mentioned results were viewed by Audit Committee and approved at the meeting of Board of Directors of the Company held on 16th

3 The Company operates in single segment. Hence no segment wise figures are published.

$\overline{4}$ Previous year figures have been regrouped/rearranged whenever necessary to conform to current year figures.

VISAGAR POLYTEX L

The above Unaudited Financial Results will be available on the website of the Company - www.visagarpolytex.in and BSE - www.bseindia.com 5 and NSE - www.nseindia.com.

Place: Mumbai Date: 16.07.2021

(Tilokchand Kothari) Managing Director DIN: 00413627

For Visagar Polytex Limited

To the Board of Directors of Visagar Polytex Limited

LIMITED REVIEW REPORT TO VISAGAR POLYTEX LIMITED

1. We have reviewed the accompanying statement of Standalone Unaudited Financial Results of Visagar Polytex Limited ("the Company") for the quarter ended 30th June 2021, being submitted by the company, pursuant to the Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 (As amended).

2. 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 financial statements 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 financial statements are 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 of unaudited financial results prepared in accordance with applicable accounting standards 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 including the manner in which it is to be disclosed, or that it contains any material misstatement.

For S. C. Mehra & Associates LLP

Chartered Accountants Firm Registration No. 106156 W

CA Suresh C Mehra SURESH CHHAGANLAL MEHRA Digitally signed by SURESH CHHAGANLAL MEHRA Date: 2021.07.16 14:13:51 +05'30'

Partner M. No : 039730

UDIN : 21039730AAAAJM4591

Place: Mumbai Date: 16-07-2021