VOLTAMP TRANSFORMERS LIMITED

REF.: VTL/SEC/NSE-BSE/2021 Date: October 29, 2021

Scrip Code: VOLTAMP EQ

To, NATIONAL STOCK EXCHANGE OF INDIA LTD Listing Department "Exchange Plaza," Bandra -Kurla Complex, Bandra (E), Mumbai 400 051

To, BSE LIMITED Department of Corporate Services, Floor 1, Rotunda Building, P J Towers, Dalal Street, Mumbai 400 001

Scrip Code: 532757

Dear Sir,

Sub.: Unaudited Financial Results for the Quarter and Half Year ended on 30th September, 2021

With reference to above and pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors at their meeting held today, at 3:30 P.M. and concluded at 04:20 P.M., have inter alia considered and approved the Unaudited Financial Results of the Company for the quarter and half year ended 30th September, 2021 (copy enclosed herewith).

Kindly take this on your record and oblige us.

Thanking you,

MP TRANSFORMERS LIMITED

SA COMPANY SECRETARY & COMLIANCE OFFICER

Encl:

1. Unaudited Financial Result for the quarter and half year ended on 30.09.2021.
1. Limited Review Report.

Regd. Office & Works : Makarpura, VADDDARA-390014 , GUJARAT, [INDIAJ Phone : + 912656141403-480, 3041403-480, + 91 8128675078. 8128675080 Fax : + 91 - 265 6141499, 304 1499 Email : [email protected] Web : www.voltamptransformers.com CIN : L3 11 OOGJ1967PLC001437

Branches:

VOL TAMP TRANSFORMERS UMITED

CIN : 131100Gl1967PLC001437

Registered Office: Malwpunt. Vadodara • 390014, Gujarat, India Email : [email protected] Website: www.voltamptransfonners.com

Phone : +91265 2642011/12, 3041403/480 Fax : 2646774, 3041499

STATEMENT OF UNAUDR'EO PJNANCAL USULTS POR TH1i QUARTER AND HALF Yl!ARENDED 30TH SEPTEMBER, 2021

		(U lld lte d] na	(ll dl d) te uu	(ll wl lte d) aa	(U ad lte d) na	[U ud ite d] na	(" s) (A ud ite d]
Sr .'N o	Pa rtl c:1 lla rs	Qa ait er de d3 0t b •• Se be pt em r	Qu ter ar elU led 30 th Ju ne ,	Q rte ua r de d3 b 0t en mb Se pm er	lf y Ha ea r de d 3 0t h en be Se pt em r .	Ha lf y ea r de d 3 0t h en be Se pt em r .	Ye ttl de d ar 31 M di st ar , 20 21
1	lle fta ae
	(a ) Re e P O ion rat ve nu rom pe s (b ) Ot he r I nc om e	26 ,31 9.9 8 1.4 16 .72	16 ,18 5.9 9 1,3 31 .26	16 ,02 4.6 6 1,5 50 .78	42 ,50 5.9 7 2,7 47 .98	23 ,25 8.5 2 3,7 64 .78	.23 0.9 69 9 7,2 46 .92
	al l- T at	27 ,73 6.7 0	17 ,5 17 .25	17 ,57 5.4 4	45 ,25 3.9 5	27 ,02 3.3 0	76 ,~7 7.9 1
2	lx M I pn
	(a ) CO Co f m ria ls NU d st o ate me	24 ,33 3.8 0	16 ,78 8.2 4	11 ,43 6.9 5	41 ,12 2.0 4	16 ,65 7.6 5	51 ,74 3 7.6
	Ch n l nlD rle (b ) s I f F ini sh ed od Sto ck -in · Tr a4 an ge nw s o go s, e d w ork ·ID •Jll 'OW 8S S an	(3, 65 6.2 5)	(3 ,52 8.3 9)	3U .69	(7, 18 4.6 4)	41 3.1 6	15 0.6 9 ·t ,
	(c) lln lpl be fits oy ee ne ex pe ns e	90 2.8 3	84 22 8	78 5.7 7	1,7 45 .11	1,5 67 .67	3,3 23 .18
	(d ) Pl sts un ce m	17 .26	14 .89	13 .37	32 .15	25 .94	60 .21
	(•) d a rti tio De ed ati pr on an mo za n e xp en se	19 0.4 9	18 4.6 6	21 9.6 5	37 5.1 5	43 2 6.6	88 5. 16
	(f) Ot he llM S r ex pe	1,6 13 .59	1,4 19 .97	1,2 75 .87	3,0 33 .56	2,0 80 .57	5,2 64 .94
	T l~ (2 a I D 2f ) ta o	23 ,40 L7 2	15 ,72 1.6 5	14 ,04 4. 30	39 ,12 3.3 7	21 ,18 1.6 1	62 ,4 3U l1
3	lft t b ef Pn e t or u	4,3 34 .98	1.7 95 .60	3,5 31 .14	6, 13 0.5 8	.6 s; eu	14 ,04 10 9 6.
- 4	Ta xe xp n, e
	(I) Cu nt tax	88 9.8 1	23 5.8 9	72 0.7 3	1,1 25 .70	94 5.1	4 2,4 81 .74
	rre fer red (II ) De ta x	(62 .60	(1 8.7 9) )	(17 0,0 2)	(8 1.3 9)	(12 .86	) 25 2.3 9
	(Il l) Inc e T rlie of om ax ea r v ea rs			0.0 0			90 .29
	lT T ta o u -. -	82 7.2	21 7, 10 1	55 0.7 1	1.0 44 .3'	93 2.2 ,	7 2, 82 4.4 2
5	Ne t P ftt / ( Lo a) fo r th io d ( 3- 4) nt e p er	3,5 07 .77	1,5 78 .50	2,9 80 .43	5,0 86 .27	4,9 09 .41	11 ,22 1.6 8
6	e I t In Ot be r C ell ell slf { J! Kp a) co m om pr eu t b r l (• ) Ite ha lD ed lft ed of it o s t tw to ea m ao e r au pr efi d b (I) R f D efi lan t o t p s em ea su rem en ne en (U ) E In thr gh he r C Ol 'l)p reh slv ity str ts ot um en ou en e qu Inc om e lad JI I ID ll n (b ) In re ha be It e t s t t w ot co m u em ftt k da al fle d t o p ro m re or	(35 .13 0.6	) (35 .13 1.1 6	) (13 .70 0.8 0	(70 .26 ) 7 1.7	) (27 .41 1.1 6	} (1 40 .52 8 5.0 1
	· (I) R f D efi d b efi lan t o t p em ea su rem en ne en s	8.&	4 8.8	3.4 4	5 17 .68	6.9	0 35 .37
	he e I DC Om e / To tal be lv ot r c om •n ns	(2 5.6	3) (2 5. 19	) (9 .38	(5 0. 82 )	) (1 9.3	3) (i0 0. 14
7	To tal C eh siv e I e f di tl) d ( 5+ 6) e p er om pr en nc om or	3,4 82 .14	1,5 53 .3	1 2,9 71 .0S	5,0 35 .45	4,8 90	.08 11 ,12 1.5
8	sh Pa id- E ity pit al ofR J. 10 ch are up qu ca ea	1.0 11 .71	1,0 11 .n	1,0 11 .71	1,0 11 .71	1,0 11	71 1,0 11 .7
9	Ot he r E ity qu						82 ,40 3.7
10	l!a nl sh Rs (n tq e ( of . 1 0/ h) ali d) ot s p ar er · e ac an nu se :
	(a ) Ba sic	34	15 .67	.60 29	.46 50	48 .27	.53 11 0.9
	(b ) Di lut ed	34	15 .67	.60 29	S0 .46	.27 48	.53 11 0.9

	ln 1 n he l R es1 1lt Se e t o t ta ot e a cc om pa ny n na nc s		:· -	-

Notes:

(1) The above unaudited results for quarter and half year ended 30th September, 2oi1 have been reviewed by Audit Committee and approved by the Board of Directors at their meeting held on 29th October, 2021.
(Z) The activities of the Company relate to only one segment I.e. Electrical Transformers
(3) The Hon'ble National Company Law Tribunal, Ahmedabad bench ("NCLT"), vtde Its order dated August 16, 2021, sanctioned the Scheme of Amalpmatlon between KunJal Investments Private Llmlted ('Transferor Company '} and Voltamp Transformers Limited (iransferee Company '} and their respective shareholders and creditors under sections 230 .• 232 of the Companies Act, 2013. With.effect from the Appointed Date I.e. 01st June, 2020, all assets, properties, liabilities, rights, benefits and Interests therein. reserves and surplus of the transferor Company without any further deed. act, matter or thing have been transferred to transferee Company at carrying values. Further the equity shares of transferee Company held by the transferor Company stands cancelled and the difference between the book value of Investments held by the transferor Company Ill transferee Company and the face value of new equity shares issued by the transferee Company to the shareholders of transferor Company, ls adjusted against the reserves of the Transferor Company as recorded In the books ofTransferee Company.

As per the Amalgamation Scheme, all costs, charges, taxes Including duties, levies· and all other expenses, If any , Incurred in carrying out and Implementing this Scheme and matters lnddentals thereto, Is borne by KIPL and If there is a deficit or surplus In the total expenses in relation to this scheme compared to the amount of cash and bank balance (Including a.mount refundable from Income Tax department) held by the KJPL on the appointed date, the same shall be reimbursed by or refunded to the promoter of KIPL as the case may be.

The Company had received certified copy of the order on 19th August, 2021 and the same had been filed with the Registrar of Companies on 20th August,2021. The Company has given effect of the Stheme in the unaudited financial results. Moreover, as per requirements of IND IS ¹⁰³ "Business Combination•, the comparatives for the previous period have been restated and the Impact or.the same is as under:

Pa ku la rt n	Jl ln l.a ku s.
Ot he A ud ite d f r E ity 3 1.0 32 02 l( A ln da ls) IS s p er on qu an	82 ,40 2.4 8
In O th f a alg ati In ui t o ty cr ea se er on ac co un m am on eq	1.3 0
Ot he lty (R ed ) r H 3 1.0 3. 20 21 tat IS qu on es	82 ,40 3.7 8

(4) The Company bas taken Into account the Impact of Covld·l 9 .on Its flnandal statements based on the Internal and external infonnation up to the date of approval of these financial statements. The Company does not foresee any material Impact on liquidity and assumption of going concern. The Company will continue to monitor the future market c:ondlUons and update Its assessment
(5) The figures for the corresponding previous periods have been regrouped/ reclassified wherever considered necessary to confirm to the figures represented In the current period.

DATE: 29th October, 2021

PLACE: Vadoclan Vice Chairman and Managina Director

VOLTAMP TRANSFORMERS LIMITED CIN: L31100GJ1967PLC001437

EINTELSTATURITYSTYLLUV1457

Registered Office : Makarpura, Vadodara - 390014, Gujarat, India

Email : [email protected]

Phone : +91 265 2642011/12, 3041403/480 Fax : 2646774, 3041499

STATEMENT OF ASSETS AND

ASSETS (1) Non-current Assets (a) Property, Plant and Equipment 5,110.58 (b) Capital work-in-progress 907.14 (c) intangible assets 28.86 (d) Financial Assets (i) Investments 49,169.08 (il) Other financial assets 1,910.60 (e) Deferred tax assets (net) 136.76 (f) Other non-current assets 204.48 Current assets (2) (a) Inventories 21,706.22 (b) Binancial Assets (i) investments 2.120.44 (ii) Trade receivables 14,618.04 (iii) Cash and cash equivalents 1.231.61 (iv) Bank balances other than (iii) above 543.70 (v) Loans 843.43 (vi) Other financial assets 657.96 (c) Other current assets 2.127.45 Total Assets 101,316.35 (1) EQUITY AND LIABILITIES Equity (a) Equity Share capital 1.011.71 (b) Other Equity 87,439.24 Total equity attributable to equity holders of the Company 88,450.95 LIABILITIES Non-Current liabilities (2) 1,299.12 (a) Provisions $(3)$ Current liabilities (a) Pinancial Liabilities (i) Trade payables 621.10 - Total outstanding dues of micro enterprises and small enterprises - Total outstanding dues of creditors other than micro enterprises and 2.752.14 small enterprises 880.69 (ii) Other financial liabilities 6.024.05 (b) Other current liabilities 900.57 (c) Provisions 387.73 (d) Current Tax Liabilities (Net)	Sr. No.	Particulars	As at September 30, 2021 (Unaudited)	( <in lakhs)As at 31st March. 2021 (Audited)


				5.226.38
				828.65
				41.70

				46,883.60
				1.871.31
				37.69
				83.98

				12,731.46

				2,342.20
				17,072.12
				2,011.94
				535.07
				17.36
				539.44 1.388.34

				91,611.25


				1,011.71
				82,403.78
				83,415.49


				1.100.04



				178.96
				501.28

				848.36
				4,657.87
				739.23
				170.02
Total Liabilities 12,865.40				8,195.76
101.316.35 Total Rouity and Liabilities				91.611.25

Figures for the previous period/year have been rearranged/reclassified wherever necessary, to correspond with current period/year presentation. SOC

$\frac{1}{2\Delta}$ VADOE $\overline{S}$ DATE: 29th October, 2021 PLACE: Vadodara TED ACC

FOR VOLTAMP TRANSFORMERS LIMITED

Kunjal L. Patel Vice Chairman and Managing Director

${\small \textbf{VOLTAMP}} \ \textbf{VOLTAMP}} \ \textbf{CIN : L31100G|1967PLC001437} \ \textbf{Registered Office : Makarpura, Vadodara - 390014, Gujarat, indla} \ \textbf{Email : voltampWooltampvandramstormers.com Website: www.voltampvansformers.com} \ \textbf{Phone : +91 265 2642011/12, 3041403/480 \, \textbf{Fax : 2646774, 3041499}} \ \textbf{STATEMENT OF CASH FLOWS FOR THE HALF YEAR ENDED 30TH SEPTEMBER, 2021} \ \$

Sr. No.	Particulars	As at September 30. 2021 [Unaudited]	I'Y IS LAKASI As at September 30. 2020 [Unaudited]
$\blacktriangle$	Cash flow from operating activities Profit before income tax	6,130.59	5.841.69

	Adjustments for:
	Depreciation and amortisation expense Interest Income	375.15 (715.09)	436.62 (535.76)
	Dividend Income
	Loss /(Profit) on Sales of investment (Net)	[27.38]	(79.90)
	Loss /(Profit) on Sale of Property, Plant & Equipment (Net)	(261.11)	(1,014,95)
	Finance Cost	(1.02) 32.15	(4.75) 25.94
	Net (Gain)/loss arising on financial asset designated as at Fair value Through Profit and
	Loss (PVTPL)	(1,702.56)	(2,083.43)
	Net Adjustments	(2.299.85)	(3.256.23)

	Operating profit before working capital changes	3.830.74	2.585.47
	Movements in working capital:
	(Increase) / Docrease in Trade Receivables	2,454.08	4,490.05
	(increase) / Decrease in Inventories	(9,974.75)	1,214.49
	(Increase) / Decrease in Other financial assets	(826.88)	(81.58)
	(increase) / Decrease in Other non financial assets	(739.11)	297.57 1.173.43
	Increase / (Decrease) in Trade Payables Increase / (Decrease) in Provision	2,693.00 290.16	68.55
	Increase / (Decrease) in Other Financial Liabilities	1.398.47	114.43
	Cash generated from operations:	125.71	9,862.39
	Direct taxes paid (net)	907.99	968.99
	Not cash from operating activities (A)	(782.28)	8,893.40
B	Cash flows from investing activities
	Proceeds of sale of Property, plant and equipments	1.25	12.04
	Purchase of Property, plant and equipments(Including Capital work in progress and
	capital advances)	(445.70)	(311.91)
	Interest received	597.11	178.01
	Dividend received	27.38	79.90
	Bank Deposits	(47.63)	(486.15)
	Purchase of investments	[98.31]	(5,719.47)
	Net cash (used) in lavesting activities (B)	34.10	(6,247,58)
c	Cush flow from financing activities:
	Dividend paid and Dividend Distribution Tax	0.00	(2,526.44)
	Pinance Cost	(32.15)	(25.94)
	Net cash (used) in financing activities (C)	(32.15)	(2,552,38)
	NET INCREASE IN CASH AND CASH EQUIVALENTS [(A) + (B) + (C)]	(780.33)	93.45
	CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR	2,011.94	564.19
	CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR	1,231.61	657.64

DATE: 29th October, 2021
PLACE: Vadodara

SSOCIA Ŕ VADC D ac)

FOR VOLTAMP TRANSFORMERS LIMITED

Kunjal L. Patel Vice Chairman and Managing Director

INDEPENDENT AUDITOR'S REVIEW REPORT ON UNAUDITED QUARTERLY FINANCIAL RESULTS AND YEAR TO DATE RESULTS OF THE COMPANY PURSUANT TO THE REGULATION 33 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 (AS AMENDED)

TO THE BOARD OF DIRECTORS OF VOLTAMP TRANSFORMERS LIMITED

1. We have reviewed the accompanying Statement of Unaudited Financial results of Voltamp Transformers Limited ("the Company") for the quarter ended 30th September, 2021 and the year to date results for the period from 1st April, 2021 to 30th September, 2021 attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015, as amended (the "Listing Regulations").
1. This statement, which is the responsibility of the Company's Management and approved by the Board of Directors, 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, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Our responsibility is to issue a report 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 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 provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

VADODARA The Nirat, 3rd Floor, 18, Windward Business Park, Behind Emerald One Complex, In The Lane of Dr. Prashant Buch, Jetalpur Road, Vadodara • 390 007 • Tel: +91 265 234 3483, +91 265 235 4359 • Email: [email protected]

MUMBAI . HO : 3rd Floor, Mistry Bhavan, Dinshaw Vachha Road, Churchgate, Mumbai 400 020, India. • Tel: +91 22 6623 0600

Website: www.cnkindia.com

MUMBAI I BENGALURU I CHENNAI I AHMEDABAD I GANDHINAGAR I DELHI I DUBAI I SHARJAH

4. Emphasis of Matter

We draw attention to Note 3 of the accompanying statement of unaudited financial results regarding the scheme approved by Hon'ble National Company Law Tribunal, Ahmedabad bench ("NCLT"), vide its order dated August 16, 2021, sanctioned the Scheme of Amalgamation between Kunjal Investments Private Limited ('Transferor Company ') and Voltamp Transformers Limited ('Transferee Company ') and their respective shareholders and creditors under sections 230 - 232 of the Companies Act, 2013. All the asset, liabilities, reserves and surplus of the transferor company have been transferred to the company from the appointed date of 01 st June, 2020 at the carrying values as from that date. Further, the equity shares of the transferee company held by the transferor company stands cancelled and the difference between the book value of Investments held by the transferor company in the transferee company and the face value of New Equity shares issued by the transferee company to the shareholders of transferor company, is adjusted against the reserves of the Transferor Company as recorded in the books of Transferee Company. The company has given effect to scheme in the unaudited financial results. Further, as per requirements of Ind AS 103 "Business Combination", the comparatives for the previous period have been restated.

Our review report on the statement is not modified in respect of the above matter.

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 CNK & Associates LLP Chartered Accountants Firm Registration No. 101961W/W-100036

Alok Shah

AI assistant

VOLTAMP TRANSFORMERS LIMITED Interim / Quarterly Report 2021

61610_rns_2021-10-29_834ef8a4-e30a-4292-8b4b-0845bacf076a.pdf