VOLTAMP TRANSFORMERS LIMITED — Interim / Quarterly Report 2021

Feb 11, 2021

REF.: VTL/SEC/NSE-BSE/2021 Date: February 11, 2021

To,

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

Scrip Code: VOLTAMP EQ

Voltamp Transformers Limited

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 Nine Months ended on 31st December, 2020

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 3:00 P.M. and concluded at 04:35 P.M., have inter alia considered and approved the Unaudited Financial Results of the Company for the Quarter and Nine Months ended 31st December, 2020.

Kindly take this on your record and oblige us.

Thanking you,

.

SANKE RATHOD COMPANY SECRETARY & COMPLIANCE OFFICER

Encl:

• 1. Unaudited Financial Result for the quarter and half year ended on 31.12.2020.
• 1. Limited Review Report.

Regd. Office & Works: Makarpura, VADDDARA-390014, GUJARAT. [INDIAJ Phone: +91 265 6141403-480, 3041403-480, +91 8128675078, 8128675080 Fax: +91 - 265 6141499, 304 1499 Email : voltamp@voltamptransformers.com Web : www.voltamptransformers.com CIN : L311OOGJ19B7PLC001437

Branches:

VOL TAMP TRANSFORMERS LIMITED

ClN: L31100GJ1967PLC001437

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

Email : voltamp@voltamptransformers.comWebsite:www.voltamptransformers.com

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

STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTH ENDED 31ST DECEMBER, 2020

1	Revenue
	tioRee FOp(alvenuromerans	17,574.98	16,024.58	25,132.72	40,833.30	63,354.50	85,857.57
	Other I(blncome	2,638.14	1,561.68	1,257.55	6,441.01	2,923.15	1,456.23
	Tol itancome	20213.12	17S86.26	26390.27	47274.31	2765667.	87313.80
2	Expenses
	Coofrialsed(alstatemconsum	15,252.55	11,544.12	17,179.09	32,046.66	50,213.65	66,678.81
	Chs iiesf FinishedodStock-in(b)n Itorangenvenogos,-adndk-in	(1,478.70)	312.70	1,920.97	(1,065.54)	[1,643.28)	(1,513.48)
	Tre awor-progressEmploe befitsenexnse	838.41	785.77	1,207.55	2,406.08	2,723.21	3,329.46
	(clyepeFi(dltsnance cos	0.00	0.00	0.04	0.01	0.46	0.46
	Deiationd artitio(elprecanmozan expense	226.99	219.65	243.53	663.61	640.53	899.24
	Othe[flr expenses	1,314.51	1.192.89	1,784.93	3,322.44	4,872.36	6,583.71
	tal(2o 2t)Toa texpenses	16,153.76	14,055.13	22,336.11	37,373.26	56,806.93	75,978.20
3	ofit/befoiol indPr(Ls)pttetaosreexcenams ax	4,059.36	3,531.13	4,054.16	9,901.05	9,470.72	11,335.60
4	Profit befe torax	4,059.36	3,531.13	4,054.16	9,901.05	9,470.72	11,335.60
s	Tax expense
	rnCunttarrex	573.51	720.73	902.53	1,518.65	2,072.80	2,990.48
	fillDeferd treax	279.80	[170.02)	[352.11]	266.94	[385.71]	[619.57]
	InTf earlieriiicomeaxoears	0.00	0.00	0.00	0.00	0.00	26.98
	talToTEaxxpenses	853.31	SS0.71	550.42	1,785.59	1,687.09	2,397.89
6	Net Pfit/ (Loss)forthiod(4-5)roe per	3,206.05	2,980.42	3,503.74	8,115.46	7,783.63	8,937.71
7	Other Cehsive ie/
	(Es)omprenncomxpense
	(a)haillbeclsified tfitloItes tt wotmnreaso proorss
	fi)Ref Defid befilant ot pmeasuremenneens	[13.70]	[13.700.87	)0.47	[41.11)3.53	1.421.36	[54.82].96
	(ii) Eityinthh othheivstrtsquumenrougercomprenseinc	2.34		(0.93)			(3)
	ome(b)Inlatino ihaillbee tg ttes tt wotcomaxremn
	clsified tfitloreaso proorss
	(i)RofDefid befit planntemeasuremeneens	3.45	3.45	(0.12]	10.35	(0.36]	13.80
	(ii) Eityinthhheehsivstrtsotquumenrougr comprene	(0.18)	0.00	(0.84)	(0.18)	(0.84)	1.12
	income
	Tol othehsive Ie/(Es)taercomprenncomxpense	(8.09	[9.38	)[1.42)	(27.41)	1.58	(43.86)
8	Tol Cehsive Ie fthiod(6+7)taomprenncomore per	3,197.96	2,1.097	43,502.32	8,088.0S	85.217,7	8,893.85
9	id-ityshital of R10chPaEupquare caps.ea	1,011.71	1,011.71	1,011.71	1,011.71	1,011.71	1,011.71
10	inshof. 10/aliseEaRsot
	h)(nd)e [rngsperar- eacannu:sicBa				80.22	76.94	88.34
	(allDiluted	31.6831.68	29.4629.46	34.6334.63	80.22	76.94	88.34
	(b
	SeinheFinaialRultotes to te accompanyg nncess

Notes:

• (1) The above unaudited results for quarter ended 31st December, 2020 have been reviewed by audit committee and approved by Board of Directors at their meeting held on 11th February, 2021. The statutory Auditors have carried out Limited Review of the above financial results for the quarter ended 31st December, 2020.
• (2) The activities of the Company relate ta only one segment i.e. Electrical Transformers.
• (3) The Compauy has filed au application with RBI and Stock Exchanges BSE & NSE for obtaining 'No Objection Certificate' to proceed further for the Scheme of Amalgamation (the "Scheme") between Voltamp Transformers Limited ("VTL" or "Company") and Kunjal Investments Private Limited ("KlPL") under Sections 230 to 232 read with section 66 and other applicable provisions of the Companies Act, 2013 ("2013 Act"). The Company has received NOC from BSE Ltd, National Stock Exchange of India Ltd and Reserve Bank of India. Draft scheme was also forwarded to SEBI for observation and Company is awaiting for observation letter from SEBI to proceed further in the matter.
• (4) As per the Ind AS 109 'Financial Instruments', the investment of the Company are valued at market prices and the difference between the cost and market value of the investments are accounted as part of Other Income. The break up of the reported figures are arrived as per working given hereunder

rtilarPacus	Qundedtearr e31Dembstceer,2020	Qundedtearr e30thSebeptemr2020	Qundedtearr emb31Destceer,2019	NiMthneonded 31stenDemb, 2020ceer	NiMthneonded 31stenDemb, 2019ceer	LalchsJ['tlnYededarench31Mstar,2020
Other Ie (A)ncom	2,638.14	1,561.68	1,257.55	6,441.01	2,923.15	1,456.23
Net Gain/(ls)arisinn finaialt dignd aatetosg oncasseess a(BJFVTPL	1,362.93	228.65	524.54	3,446.37	1,009.02	(984.13)
Adjud OthIn(A·B)steercome	1,275.21	1,333.03	733.01	2,994.65	1,914.13	2,440.36

• (5) During the third quarter, Company's operations further recovered from the economic slowed down caused by Covid-19 pandemic. Company expects operations will be normalized in due course of time. Due to cumulative effect of disruption, results for this quarter are.not comparable with those for the previous quarter and corresponding quarter of the previous year.
• (6) 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: 11th February, 2021 PLACE: Vadodara

For~~rmers Limited

Kunjal L. Patel Vice Chairman and Managing Director h<:>rtPr»r! Accountants

l:NOEPBNDENT AUD1T0R1S REVIEW REPORT ON. UNA110ITBP QUARTERJ..Y FINANCIAL RESULTS ANI> YEAR TO DATE RESULTS OF THE COMPANY PuRStJANT TO THE REGULATION 33 OF nm SEBI (LI~TING 0BUGA.1'IONS AND DISCLOSURE REQOlllHMBNTS) REGULATIONS, 2015 (AS AMENDED)

To THBllOARl.? OF DIREC'l'OR$ OF VOLT AMP TRANSFORMERS LIMITED

• 1. We have reviewed th~ accompanying $.taten,,ent of Unaudited Finartqiat results of Voltutp Transfotnlets Limited ("the Compan:f) for ~e quarter ended 31st Decem,ber, 2t120 and the year-to-date results for the period from 1st April, 2020 to 31st December,.2020 (''the Statement") attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2Q15, as amended (the "Listing Regulations").
• 1. This statement, which is the tesponsibility of the. Company's Management and approved by the Board of Directors,. has been prepared in i.\Cq:>rdance with the recognition ancl measurement principles laid down in Indian AcCOlU\Q.Pg Standard 34 "Interhn Fimmdal Reporting!' ("In~l AS 34"), prescribed under Section 133 of the. Comranies Act, 2013, and other accolUlting pnn~iptes generally accepted in India and in compliance with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Pisclosure Requirements) Regula,tions, 2015. Our resportslbilityis to express a conclusion on the statement based on our review.
• 1. We conclucte4 our review of the Statement in acc~rdam::e wjth the Standar4 on Review Engagements (SRE) 2410 "Review of Interim Financial .Infortnlltion Performed by the Independent Auditor of the Entity°, issued by the Institute of Chartered Accountants of India. This standard requires that we plan and pE;?rfom,, the review to obtain moderate assurance as to whether the financial statement is free of material misstatement. A review of interl:tp. financial information consists of making .inquiries, primarily of persons responsible for finandal and actolUlting matters, .artd applying analytical and other review procedures, A .review is substantially less in scope than an audit.conducted in accordance with Standardt. 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 as audit. Accoritingty;.. we do not express an aud.it opinion.
• 1. Based on our review conducted as above, I\othin.g has come to our attention that causes us to believe that the accompanying Statement of unaudited .financial results prepared ·m: accordance with recognition and me~urement principles iaid down . in the aforesaid Indian Accotmtihg Stan(iarcls · (''Ind AS") specified lUlder section 133 of Companies Act, 2013 as amended~ read with relevant r:ules issued thereunder and other accounting principle generally accepted .in India{ has not disclosed the information required to be disclosed in terms Qf Listing Regulations, including the manner in which it .is tQ be disclose<l., or tl;iat it col;\tains any matetial misstatement

For CNK &: Associates LLP Chattered Accountants Finn RegistratiqnNo. 101961 W/W-100036

AlpkShah Partner Membership No. 042005 Place: Vadodara Date: 11 t11 Feb:ruary, 2021

UDIN: 21042005AAAADH5496.