Weizmann Limited. — Annual Report 2021

Jun 29, 2021

Regd. Office : 214, Empire House, Dr. D. N. Road, Ent. A. K, Nayak Marg, Fort, Mumbai — 400 001. Website: www.weizmann.co.in Email: contact@weizmann.co.in

29 June, 2021

whZF	WeizmannLimited
	CIN:L65990MH1985PLC038164
	Regd. Office : 214, Empire House, Dr. D. N. Road, Ent. A. K, Nayak Marg, Fort, Mumbai — 400 001.
Website: www.weizmann.co.in Email: contact@weizmann.co.inTel. Nos :022-22071501 (6 lines) Fax No.: 022-22071514
June, 2021
National Stock Exchange of India LimitedListing Department, Exchange Plaza, C-1, Block- G,Bandra Kurla Complex,Bandra (East) Mumbai—400 051Fax No. 26598235/8237/8347Symbol: WEIZMANIND	BSE Limited Corporate Relation Department,Listing Department,Phiroze Jeejeebhoy Towers,Dalal Street, Mumbai — 400 023Facsimile No. 22723121/22722037/2041Scrip Code: 523011

Dear Sir/Madam,

Sub: Outcome of Board Meeting pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR)

With regard to the captioned matter and in compliance with the LODR, this is to inform you that the Board of Directors at its meeting held today i.e. on 29" June, 2021 have considered the following matters:

• 1. Adopted and Approved Audited Financial Results (Standalone and Consolidated) of the Company for the quarter and year ended 31%t March, 2021. Copies of the same are enclosed herewith along with Statutory Auditors Reports and declaration of unmodified opinion pursuant to Regulation 33(3)(d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
• 1. Recommended Dividend @ 5% i.e Rs. 0.50/- per Equity Share of Rs. 10/- each. The dividend will be paid by the Company to the Shareholders subject to the approval of the same by the shareholders at the ensuing Annual General Meeting of the Company.

The Board Meeting commenced at 4.30 p.m. and concluded at 5.15 p.m.

You are requested to take the above on record and oblige.

Thanking You. Yours Sincerely, For Weizmann Limited

Ami Purohit Company Secretary

Encl. as above

BATLIBOI & PUROHIT

Chartered Accountants

Independent Auditors' Report To the Board of Directors of Weizmann Limited Report on the audit of the Standalone financial results

Opinion

We have audited the accompanying standalone financial results of Weizmann Limited (hereinafter referred to as the "Company") for the quarter and year ended March 31, 2021, attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('Listing Regulations').

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid standalone financial results:

• 1. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
• i. give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards, and other accounting principles generally accepted in India, of the net profit and other comprehensive income and other financial information for the quarter and year ended March 31, 2021.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing ("SAs") specified under section 143(10) of the Companies Act, 2013 (the Act"). Our responsibilities under those SAs are further described in the Auditor's Responsibilities for the Audit of the standalone financial results section of our report. We are independent of the Company, in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial results under the provisions of the Act, and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained, is sufficient and appropriate to provide a basis for our opmion on the standalone financial results.

Management's and Board of Directors' Responsibilities for the standalone financial results

These standalone financial results have been prepared on the basis of the standalone financial statements. The Company's Management and the Board of Directors are responsible for the preparation and presentation of these standalone financial results that give a true and fair view of the net profit and other comprehensive income and other financial information m accordance with the recognition and measurement principles laid down in Indian Accounting Standards prescribed under Section 133 of the Act and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the standalone financial results, the Management and the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. The Board of Directors is responsible for overseeing the Company's financial reporting process.

BATLIBOI & PUROHIT Continuation Sheet

Chartered Accountants

Auditor's Responsibilities for the Audit of the Standalone financial results

Our objectives are to obtain reasonable assurance about whether the standalone financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance 1s a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these standalone financial results.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

• = Identify and assess the risks of material misstatement of the standalone financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
• = Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion through a separate report on the complete set of financial statements on whether the company has adequate mternal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
• = Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures in the standalone financial results made by the Management and Board of Directors.
• = Conclude on the appropriateness of the Management and Board of Directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the appropriateness of this assumption. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the standalone financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.
• = Evaluate the overall presentation, structure and content of the standalone financial results, including the disclosures, and whether the standalone financial results represent the underlying transactions and events in a manner that achieves fair presentation.
• = Obtain sufficient appropriate audit evidence regarding the Standalone financial results of the Company to express an opinion on the standalone financial results.

Materiality 1s the magnitude of misstatements in the standalone financial results that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Standalone financial results may be influenced. We consider quantitative materiality and qualitative factors in (1) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the Standalone financial results.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

Other Matters

The standalone fimancial results include the results for the quarter ended 31 March 2021, being the balancing figure between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year which were subject to limited review by us.

Our opinion is not modified in respect of this matter.

For BATLIBOI & PUROHIT

Chartered Accountants

ICAI Firm Reg. No.101048W | idl

Kaushal Mehta Partner Membership No. 111749 ICAI UDIN: 21111749AAAAEV9078

Place: Mumbai Date: June 29, 2021

WW @& iarrseerirs MB t_irwrriteci

[ CIN NO: L65990MH1985PLC038164 ]

	@&WW		iarrseerirs
	t_irwrriteciMB
	[ CIN NO: L65990MH1985PLC038164 ]Regd. Office : Empire House, 214, Dr. D.N.Road, Ent. A. K. Nayak Marg, Fort, Mumbai - 400 001.
	Website: www.weizmann.co.in E-mail : contact@weizmann.co.in Phone - 022-2207 1501 (6 Lines) Fax: 022-22071514				( Rs. in Lakhs except per share data )
	STANDALONE FINANCIAL RESULTS FOR THE QUARTER		AND YEAR ENDED MARCH 31, 2021
Sr			Quarter Ended	31.03.20	Year ended31.03.21	31.03.20
No	Particulars	31.03.21Audited	31.12.20Unaudited	Audited	Audited	Audited
1	IncomeRevenue from Operations	3,461.86	2,929.43	2,482.29	9,761.58	9,635.05
	(a)Other Income(b)	15.59	18.803,477.45 2,948.23	(5.93)2,476.36	66.669,828.24	13.189,648.23
2	Total Income Expenses		1,127.57	963.85	3,734.52	3,548.39
	Cost of Materials Consumed(a)(b) Changes in Inventories of Finished Goods, Work-in-Progress	1,403.11
	and Stock-in-Trade	15.79215.90	(15.86)220.05	0.43220.46	23.65762.58	54.00
	Employee Benefit Expenses(c)Finance costs(d)	30.71	30.66			734.07
	Depreciation and Amortisation expenses			1277	128.69	45.73
	(e)	87.85-	88.69-	55.99f	311.14-	240.95400.00
	Advertisement Expenses(f)Power & Fuel(g)	457.98	407.91	352.62	1,327.61	1,409.691,043.14
	(h) Job Work Charges	500.35449.71	429.71357.53	273.62427.14	1,341.961,439.54	1,570.15
	Other Expenses(i)Total Expenses	3,161.40	2,646.26	2,306.88	9,069.69	9,046.12
3	Profit before exceptional items and tax (1-2)	~316.05	301.97	169.48	758.55	602.11-
4	Exceptional Items	-316.05	-301.97	:169.48	-758.55	602.11
56	Profit before tax (3-4) Tax Expenses				187.00	155.28
	Current Tax(a)	47.0049.57	74.50-	26.28"	59.06	-
	Current Tax Expense Relating to Earlier Year's(b)Deferred Tax(c)	43.39	5.80221.67	7.34135.87	20.23492.26	14.75432.08
7	Profit/(Loss) for the year (5-6)	176.09
8	Other Comprehensive Income (OCI)(A) Items that will not be reclassified to Profit and Loss	(2.14)		5.91	(2.14)	5.91
	(i) Re-measurment gain/(Loss) on Defined benefit plan(ii) Income tax effect on above	0.60		(1.72)	0.60	(1.72)
	(iii) Net gain/(Loss) on Equity Shares fair value through OCI	(62.97)	(19.69)4.38	(102.12)23.79	(70.80)15.76	334.31(77.88)
	(iv) Income tax effect on above	14.02-
	(B) Items that will be reclassified to Profit and LossTotal Other Comprehensive Income	(50.49)	(15.31)206.36	(74.14)61.73	(56.58)435.68	260.62692.70
	Total Comprehensive Income (after Tax) (7+8)	125.601,727.15	1,727.15	1,727.15	1,727.15	1,727.15
9	Paid-up Equity Share Capital (Face value of Re. 10/- each)10 Other Equity	'	7	"	4,256.74	3,821.06
	Earning per Share (of Rs. 10/- each) (Quarter figures not11 annualised)	1.02	1.28	0.79	2.85	2.50

Notes to Financial Results:

1 The above results have been prepared in accordance with Indian Accounting Standards ('ind AS') notified under Section 133 of the Companies Act, 2013, read together with the Companies (Indian Accounting Standards) Rules, 2015 (as amended).

These results have been reviewed by the Audit Committee and approved by the Board of Directors at the meeting held on 29th June

• 1. The Company is primarily operating in the business of processing and manufacture of textiles. Hence, there is only one business segment as per Ind-AS 108 - Operating Segments.
• The Company has considered the possible effects that may result from the pandemic relating to COVID-19 in the preparation of these financial statements including the recoverability of carrying amounts of financial and non-financial assets. In developing the assumptions relating to the possible future uncertainties in the economic conditions because of this pandemic, the Company has, at the date of approval of these financial statements, used internal and external sources of information and expects that the carrying amount of these assets will be recovered. The impact of COVID-19 on the Company's financial statements may differ from that actimated ac at the date af annrnval af these financial statements
• As required under regulation 33 of SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015, the audit by the Statutory Auditors has been completed for the quarter and year ended March 31, 2021 and the Report has been forwarded to the Stock Exchanges. The report does not contain any qualification.

The figures for the quarter ended 31st March, 2021 and 31st Mach, 2020 are balancing figures between the figures of the audited full financial year and published year to date full unaudited figures upto the third quarter of the respective financial year.

The Board of Directors recommended a dividend of Rs. 0.50ps Per fully paid equity share.

Previous period's figures have been regrouped/reclassified wherever necessary.

Place:-Mumbai Date : 29th June 2021

For arid op behalf of the Board AN 4 wn ey eelkamal Vrajlal Siraj C

fr Vice-Chairman & Managing Director DIN: 00021986

Regd. Office : Empire House, 214, Dr. D.N.Road, Ent. A. K. Nayak Marg, Fort, Mumbai - 400 001. [ CIN NO: L65990MH1985PLC038164 ]

Website: www.weizmann.co.in E-mail: contact@weizmann.co.in Tel: 022 22071501 (6 Lines) Fax: 022 22071514

STANDALONE BALANCE SHEET As at 31st March 2021

	31-03-2021	31-03-2020
	AUDITED	AUDITED
ASSETS
Non-current assets
(a) Property, plant and equipment	2,927 62	2,324.17
(b) Right of Use Assets	8.91	1.66
Capital work-in-progress(c),	-	159.07
Financial assets(d)
Investments(i)	2,900.77	3,179.73
Loans & Advances(ii)	-	m
(iii) Other Non-current financial assets	161.40	250.79
Non-current tax assets (Net)(e)	110.71	148.33
Other Non-current assets(f)	433.18	593.18
Total Non Current Assets ~	6,542.59	6,656.93
Current assets
Inventories(a)	1,033.79	711.00
(b) Financial assets
Equity Instruments held for Trading(i)	0.61	52.95
Trade receivables(ii)	1,813.51	1,264.51
(iii) Cash and Cash Equivalents	86.96	129.57
(iv) Bank Balances other than (iii) above	36.57	70.61
Loans(v)	12.85	17.08
(c) Other current assets	778.20	493.55
Total Current Assets	3,762.49	2,739.27
TOTAL ASSETS	10,305.08	9,396.20
EQUITY AND LIABILITIES
Equity
(a) Equity share capital	1,727:15	1727.45
(b) Other equity	4,256.74	3,821.06
Total Equity	5,983.89	5,548.21
Liabilities
Non-current liabilities
(a) Financial liabilities
Borrowings(i)	29.43	79.16
Other financial liabilities(ii)	12.00	12.00
(iii) Provisions	3.69	-
(b) Deferred tax liabilities (net)	160.35	156.47
Total Non Current Liabilities	205.47	247.63
Current liabilities
(a) Financial liabilities
Borrowings(i)	1,556.23	1,753.05
Lease Liabliities(ii)	9.02	1.72
(iii) Trade payables	2,018.51	1,592.04
(iv) Other financial liabilities	138.45	142.07
(b) Other current liabilities	371.56	89.29
Provisions(c)	21.95	22.19
Total Current Liabilities	4,115.72	3,600.36
TOTAL EQUITY AND LIABILITIES	10,305.08	9,396.20

For and on behalf of the Board ; i 4G. — WNARRR

Neelkamal Vrajlal Siraj Place:-Mium _ Vice Chairman & Managing Director DIN:00021986

Regd. Office : Empire House, 214, Dr. D.N.Road, Ent. A. K. Nayak Marg,

STANDALONE STATEMENT OF CASH FLOW FOR THE YEAR ENDED 31ST MARCH, 2021

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Regd. Office : Empire House, 214, Dr. D.N.Road, Ent. A. K. Nayak Marg,Fort, Mumbai - 400 001.
O: L65990MH1985PLC038164 ][CINN
Website: www.weizmann.co.in E-mail: coWeizmann Limited	ntact@weizmann.co.in Tel: 022 22071501 (6 Lines) Fax: 022 22071514
STANDALONE STATEMENT OF CASH FLOW FOR THE YEAR ENDED 31ST MARCH, 2021
Particulars	31.03.2021		31.03.2020	Rs. in lacs
	(Audited)	758.55	(Audited)	602.11
Net Profit / (Loss) before exceptional items and taxAdjustments for:
Depreciation and amortisation	311.14		240.955.12
(Profit) / Loss on Sale / Write off of AssetsFinance Costs	4.55128.69		45.73
Interest Income	(3.95)(0.76)		(17.62)(2.17)
Dividend Income(Profit)/Loss on Sale of Securities/Investments	(30.16)		31.79
Rental Income from Investment Properties	(5.60)(8.25)		(6.80)(18.38)
Liabilities / Provisions no longer required written backOperating Profit / (Loss) before changes in Assets & Liabilities		395.66		278.62
Operating Profit / (Loss) before Working Capital Changes		1,154.21		880.73
Changes in working capital:Adjustments for (Increase) / Decrease in Operating Assets:
Inventories	(322.79)(549.00)		26.95(34.14)
Trade Receivables-Short-Term Loans and Advances	4.23		47.11
Long-Term Loans and Advances	89.39(124.65)		137.65(136.48)
Other Current AssetsBank Deposits	34.04		16.87
Adjustments for Increase / (Decrease) in Operating liabilities:Trade Payables	426.46		(640.66)
Other Current Liabilities	286.85(2.38)		(255.94)8.92
Short-Term ProvisionsLong-Term Provisions	3.69		(4.87)
		(154.16)1,000.05		(834.59),46.14
Cash Generated from OperationsNet Income Tax (Paid) / Refunds		(208.38)		(207.56)
Net Cash Flow from / (used in) Operating Activities (A)		791.67		(161.42)
B. Cash Flow from Investing Activities	(706.44)3.50		(317.67)1.76
Purchase of Fixed Assets, including Capital work in progress			-1,298.54
Proceeds from Sale/Discarded of Fixed AssetsPurchase of long-term investments	17.09		18.96
Proceeds from Sale of Long-Term Investments	191.0782.50
Proceeds from sale of Equity Instruments far TradingInterest Received	3.95		17.62
Dividend Received	0.765.60		226.80
Rental Income from Investment PropertiesNet Cash Flow from / (used in) Investing Activities (B)		(401.97)		1,028.18
C. Cash Flow from Financing Activities
Long-term borrowings	(49.73)(196.82)		(60.43)1,683.71
Short-Term BorrowingsOther Long-Term Liabilities	-		(138.00)
Principal payment of Leases	(59.70)(126.06)		(63.80)(40.13)
Finance CostDividend Paid	A		(1,813.51)
Tax on Dividend	-	(432.31)	(372.83)
Net Cash Flow from /(used in) Financing Activities (C)
Net increase / (decrease) in Cash and Cash Equivalents (A+B+C)		(42.61)
Cash and Cash Equivalents at the Beginning of the Period		129.57		(804.99)61.7767.80
Cash and Cash Equivalents at the End of the Period		86.96		129.57

Place:-Mumbai

Date :- June 29, 2021 For and on behalf of the Board

() \ |v & ee pS Neelkamat Vrajlal Siraj

Vice Chairman & Managing Director DIN:00021986

BATLIBOI & PUROHIT

Chartered Accountants

Independent Auditors' Report To the Board of Directors of Weizmann Limited

Report on the audit of the Consolidated Financial Results

Opinion

We have audited the accompanying consolidated financial results of Weizmann Limited (hereinafter referred to as the "Holding Company") and its associate (Holding Company and its associate together referred to as "the Group"), and its share of the net profit after tax and total comprehensive income of its associate for the quarter and year ended 31 March 2021 (the 'Statement'), being submitted by the Parent pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations').

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid consolidated financial results:

• 1. include the financial results of one associate Windia Infrastructure Finance limited
• li. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
• iil. give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards, and other accounting principles generally accepted in India, of consolidated net profit and other comprehensive income and other financial information of the Group for the quarter and year ended March 31, 2021.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing ("SAs") specified under section 143(10) of the Companies Act, 2013 ("the Act"). Our responsibilities under those SAs are further described in the Auditor's Responsibilities for the Audit of the Consolidated Financial Results section of our report. We are independent of the Group in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial results under the provisions of the Act, and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our opinion on the consolidated financial results.

Management's and Board of Directors' Responsibilities for the Consolidated Financial Results

These consolidated financial results have been prepared on the basis of the consolidated financial statements. The Holding Company's Management and the Board of Directors are responsible for the preparation and presentation of these consolidated financial results that give a true and fair view of the consolidated net profit and other comprehensive income and other financial information of the Group in accordance with the recognition and measurement principles laid down in Indian Accounting Standards prescribed under Section 133 of the Act and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The respective Management and Board of Directors of the companies included in the Group are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of each company and for preventing and detecting frauds and other irregularities, selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring

BATLIBOI & PUROHIT Continuation Sheet

Chartered Accountants

accuracy and completeness of the accounting records, relevant to the preparation and presentation of the consolidated financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the consolidated financial results by the Management and the Directors of the Holding Company, as aforesaid.

In preparing the consolidated financial results, the Management and the respective Board of Directors of the companies included in the Group are responsible for assessing the ability of each company to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

The respective Board of Directors of the companies included in the Group is responsible for overseeing the financial reporting process of each company.

Auditor's Responsibilities for the Audit of the Consolidated Financial Results

Our objectives are to obtain reasonable assurance about whether the consolidated financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SA's will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial results.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

• = Identify and assess the risks of material misstatement of the consolidated financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
• = Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3) (1) of the Act, we are also responsible for expressing our opinion through a separate report on the complete set of fmancial statements on whether the company has adequate mternal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
• = Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Management and the Board of Directors.
• = Conclude on the appropriateness of the Management and Board of Directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the appropriateness of this assumption. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated financial results or, if such disclosures are inadequate, to modify our opmion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group to cease to continue as a going concern.
• = Evaluate the overall presentation, structure and content of the consolidated financial results, including the disclosures, and whether the consolidated financial results represent the underlying transactions and events in a manner that achieves fair presentation.

Chartered Accountants

= Obtain sufficient appropriate audit evidence regarding the financial results of the entities within the Group to express an opinion on the consolidated financial results. We are responsible for the direction, supervision and performance of the audit of financial information of such entity included in the consolidated financial results of which we are the independent auditors. For the other entities included in the consolidated annual financial results, which has been audited by other auditors, such other auditors remain responsible for the direction, supervision and performance of the audit carried out by them. We remain solely responsible for our audit opinion. Our responsibilities in this regard are further described in sub paragraph (2) of the section titled "Other Matters" in this audit report.

Materiality is the magnitude of misstatements in the Consolidated Financial Results that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Standalone Financial Results may be influenced. We consider quantitative materiality and qualitative factors in (1) planning the scope of our audit work and in evaluating the results of our work; and (11) to evaluate the effect of any identified misstatements in the Standalone Financial Results.

We communicate with those charged with governance of the Holding Company and such other entities included in the consolidated financial results of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding mdependence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

We 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.

Other Matters :

1. The consolidated financial statements include the results for the quarter ended March 31, 2021, being the balancing figure between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year which were subject to limited review by us.

Our opinion is not modified in respect of this matter.

1. The Consolidated financial Statement includes the Holding Company's share of net loss of Rs. 104.27 lakhs and other comprehensive loss of Rs. 17.09 for the quarter ended March 31, 2021 and its share of net profit of Rs 26.39 lakhs and other comprehensive loss Rs 45.38 lakhs for the year ended March 31, 2021 in respect of the associate company, 'Windia Infrastructure Finance Limited' (a Non-Banking Finance Company). These financial statements have been prepared in accordance with the accounting standards prescribed under section 133 of the Companies Act, 2013 read together with paragraph 7 of the Companies (Accounts) Rules, 2014 (hereinafter referred to as the "previous GAAP') and have been reviewed by other auditor whose report have been furnished to us. The management of the Holding Company has restated these Financial Statements in accordance with Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) and are reviewed by us so far as it related to conversion adjustments from Previous GAAP to Ind AS.

BATLIBOI & PUROHIT Continuation Sheet

Chartered Accountants

Our Report on the statement, in so far as it relates to the amounts and disclosures included in respect of this associate, 1s based solely on the review report of the other auditor and our review of the said conversion adjustments. Our opinion on the consolidated statements is not modified in respect of our reliance on the work done and the report of the other auditor.

For BATLIBOI & PUROHIT

Chartered Accountants

ICAI Firm Reg. No.101048W | a Medl:

Kaushal Mehta Partner Membership No. 111749 ICAI UDIN: 21111749AAAAEX4349

Place: Mumbai Date: June 29, 2021

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[CIN NO: L65990MH1985PLC038164 ]

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	[CIN NO: L65990MH1985PLC038164 ]
	Regd. Office : Empire House, 214, Dr. D.N.Road, Ent. A. K. Nayak Marg, Fort, Mumbai - 400 001.Website: www.weizmann.co.in E-mail : contact@weizmann.co.In Phone : 022-2207 1501 (6 Lines) Fax: 022-22071514					(Rs. in Lakhs except per share data )
	"
	CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2021			Quarter Ended		Year ended
Sr	Particulars	31.03.21		31.12.20,	31.03.20	31.03.21Audited	31.03.20Audited
No		Audited		Unaudited	Audited		9,635.05
1	IncomeRevenue from Operations(a)	3,461.8615.59		2,929.4318.80	2,482.29(5.93)	9,761.5866.66	13.18
	(b) Other IncomeTotal Income	3,477.45		2,948.23	2,476.36	9,828.24	9,648.23
2	ExpensesCost of Materials Consumed	1,403.11		1,127.57	963.85	3,734.52	3,548.39
	(a)(b) Changes in Inventories of Finished Goods, Work-in-Progress	15.79		(15.86)	0.43	23.65762.58	54.00734.07
	and Stock-in-TradeEmployee Benefit Expenses(c)	215.9030.71		220.0530.66	220.4612.77	128.69	45.73
	Finance costs(d)Depreciation and Amortisation expenses(e)	87.85-		88.69-	55.99=	311.14-	240.95400.00
	Advertisement Expenses(f)	457.98		407.91	352.62273.62	1,327.611,341.96	1,409.691,043.14
	Power & Fuel(g)(h) Job Work Charges	500.35449.71		429.71357.53	427.14	1,439.54	1,570.159,046.12
	Other Expenses(i)Total Expenses	3,161.40		2,646.26	2,306.88	9,069.69
3,	Profit before exceptional items and tax (1-2)	316.05mn		301.97-	169.48-	758.55:	602.11-
4	Exceptional Items Profit before tax (3-4)	316.05		301.97	169.48	758.55	602.11
5	6 Tax Expenses	47.00		74.50	26.28	187.0059.06	155.28-
	(a) Current TaxCurrent Tax Expense Relating to Earlier Year's(b)	49,5743,39		-5.80	=7.34	20.23	14.75432.08
7	Deferred Tax(c) profit/(Loss) for the year (5-6)	176.09(104.27)		221.67_ 203.65	135.8713.82	492.2626.39	(133.70)
	Add: Share in Profit/(Loss) of Associate8 Total Net Profit/(Loss) after Tax	71.82		425.32	149.69	518.65	298.38
	9 Other Comprehensive Income (OCI)(A) Items that will not be reclassified to Profit and Loss				5.91	(2.14)	5.91
	(i) Re-measurment gain/(Loss) on Defined benefit plan	(2.14)0.60			(1.72)	0.60	(1.72)
	(ii) Income tax effect on above	(62.97)		(19.69)	(102.12)	(70.80)	334.31
	(iii) Net gain/(Loss) on Equity Shares fair value through OCI(iv) Income tax effect on above	14.02		4.38(25.22)	23.79107.88	15.76(45.38)	(77.88)108.52
	(v) Share in OCI of Associate	(17.98)					369.14
	(B) Items that will be reclassified to Profit and LossTotal Other Comprehensive Income	(68.47)	3.35	(40.53)384.79	33.74183.43	(101.96)416.69	667.52
	Total Comprehensive Income (after Tax) (7+8)	472745		1,727.15	1,727.152	1,727.155,723.11	1,727.155,306.40
	10 Paid-up Equity Share Capital (Face value of Re. 10/- each)11 Other Equity	"		=
	Earning per Share (of Rs. 10/- each) (Quarter figures not12 annualised)		0.42	2.46	0.87	3.00	1.734.73
	BasicDiluted		0.42	2.46	0.87	3.00

Notes to Financial Results:

1 The above results have been prepared in accordance with Indian Accounting Standards ('Ind AS') notified under Section 133 of the

Companies Act, 2013, read together with the Companies (Indian Accounting Standards) Rules. 2015 (as amended). These results have been reviewed by the Audit Committee and approved by the Board of Directors at the meeting held on 29th June

• 1. The Company is primarily operating in the business of processing and manufacture of textiles. Hence, there is only one business
• segment as per Ind-AS 108 Operating Segments. The Company has considered the possible effects that may result from the pandemic relating to COVID-19 in the preparation of these financial statements including the recoverability of carrying amounts of financial and non-financial assets. In developing the assumptions relating to the possible future uncertainties in the economic conditions because of this pandemic, the Company has, at the date of approval of these financial statements, used internal and external sources of information and expects that the carrying amount of these assets will be recovered. The impact of COVID-19 on the Company's financial statements may differ from that
• wu pctimated ac at the date af annraval nf thace financial ctatemantc As required under regulation 33 of SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015, the audit by the Statutory Auditors has been completed for the quarter and year ended March 31, 2021 and the Report has been forwarded to the

Stock Exchanges. The report does not contain any qualification. The figures for the quarter ended 31st March, 2021 and 31st Mach, 2020 are balancing figures between the figures of the audited full financial year and published year to date full unaudited figures upto the third quarter of the respective financial year.

• The Board of Directors recommended a dividend of Rs.0.5Ops Per fully paid equity share.
• Previous period's figures have been reg
  • rouped/reclassified whe' Oe er For and.on behalf of the Boar 4Neelkamal Vrajlal Siraj DIN: 00021986 Place:-Mumbai

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Date ; 29th June 2021

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Vice-Chairman & Managing Director

CONSOLIDATED BALANCE SHEET As at 31st March 2021

rw._imittaoctWIAsa2Regd. Office : Empire House, 214, Dr. D.N.Road, Ent. A. K. Nayak Marg,Fort, Mumbai - 400 001.[ CIN NO: L65990MH1985PLC038164 ]	rare
Website: www.weizmann.co.in E-mail: contact@weizmann.co.in Tel: 022 22071501 (6 Lines) Fax: 022 22071514
CONSOLIDATED BALANCE SHEET As at 31st March 2021		Rs. In lakhs
	31-03-2021	31-03-2020
	AUDITED	AUDITED
ASSETSNon-current assets
(a) Property, plant and equipment	2,927.62	2,324.17
(b) Right of Use AssetsCapital work-in-progress(c)	8.91-	1.66159.07
(d) Financial assets
Investments(i)Loans & Advances(ii)	4,367.12=	4,665.07-
(iii) Other Non-current financial assets	161.40	250.79
(e) Non-current tax assets (Net)Other Non-current assets(f)	110.71433.18	148.33593.18
Total Non Current Assets —Current assets	8,008.94	8,142.26
(a) Inventories	1,033.79	711.00
(b) Financial assetsEquity Instruments held for Trading	0.61	52.95
(i)(ii) Trade receivables	1,813.51	1,264.51
(iii) Cash and Cash Equivalents	86.96	129.57
(iv) Bank Balances other than (iii) aboveLoans(v)	36.5712.85	70.6117.08
Other current assets(c)	778.20	493.56
Total Current Assets	3,762.49	2,739.28
TOTAL ASSETS	11,771.43	10,881.54
EQUITY AND LIABILITIESEquity
(a) Equity share capital	1,727.15	1,727.15
(b) Other equityTotal Equity	5,723.097,450.24	5,306.407,033.55
Liabilities
Non-current liabilities
Financial liabilities(a)Borrowings(i)	29.43	79.16
Other financial liabilities(ii)	12.00	12.00
(iii) ProvisionsDeferred tax liabilities (net)(b)	3.69160.35	-156.47
Total Non Current Liabilities	205.47	247.63
Current liabilities(a) Financial liabilities
Borrowings(i)	1,556.23	1,753.05
Lease Liabliities(ii)(iii) Trade payables	9.022,018.51	1.721,592.04
(iv) Other financial liabilities	138.45	142.07
(b) Other current liabilities	371.5621.95	89.2922.19
(c) Provisions
	4,115.72	3,600.36
Total Current LiabilitiesTOTAL EQUITY AND LIABILITIES	11,771.43	10,881.54

For and on behalf of the Board Le

Neelkamal Vrajlal Siraj Vice Chairman & Managing Director DIN:00021986

Place:-Mumbai

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Regd. Office : Empire House, 214, Dr. D.N.Road, Ent. A. K. Nayak Marg,
Fort, Mumbai - 400 001.[CIN NO: L65990MH1985PLC038164
Website: www.weizmann.co.in E-mail: contact @weizmann.co.in Tel: 022 22071501 (6 Lines) Fax: 022 22071514
CONSOLIDATED- STATEMENT OF CASH FLOW FOR THE YEAR ENDED 31ST MARCH, 2021				Rs. in lakhs
Particulars	31.03.2021		31.03.2020
	(Audited)	758.55	(Audited)	602.11
Net Profit / (Loss) before exceptional items and taxAdjustments for:
Depreciation and amortisation(Profit) / Loss on Sale / Write off of Assets	311.144.55		240.955.12
Finance Costs	128.69		45.73
Interest Income	(3.95)(0.76)		(17.62)(2.17)
Dividend Income(Profit)/Loss on Sale of Securities/Investments~	(30.16)		31.79
Rental Income from Investment PropertiesLiabilities / Provisions no longer required written back	(5.60)(8.25)		(6.80)(18.38)
Operating Profit / (Loss) before changes in Assets & Liabilities		395.66		278.62880.73
Operating Profit / (Loss) before Working Capital ChangesChanges in working capital:		1,154.21
Adjustments for (Increase) / Decrease in Operating Assets:	(322.79)		26.95
InventoriesTrade Receivables-	(549.00)		(34.14)
Short-Term Loans and Advances	4.2389.39		47.11137.65
Long-Term Loans and AdvancesOther Current Assets	(124.65)		(136.48)
Bank Deposits	34.04		16.87)
Adjustments for Increase / (Decrease) in Operating liabilities:
Trade Payables	426.46286.85		(640.66)(255.94)
Other Current LiabilitiesShort-Term Provisions	(2.38)		8.92(4.87)
Long-Term Provisions	3.69	(154.16)		(834.59)
Cash Generated from Operations		1,000.05(208.38)		46.14(207.56)
Net Income Tax (Paid) / RefundsNet Cash Flow from / (used in) Operating Activities (A)		791.67		(161.42)
B. Cash Flow from Investing ActivitiesPurchase of Fixed Assets, including Capital work in progress	(706.44)		(317.67)
Proceeds from Sale/Discarded of Fixed AssetsPurchase of long-term investments	3.5017.09		1.76-
Proceeds from Sale of Long-Term Investments	191.07		1,298.5418.96
Proceeds from sale of Equity Instruments for TradingInterest Received	82.503.95		17.62
Dividend Received	0.76		2476.80
Rental Income from Investment PropertiesNet Cash Flow from / (used in) Investing Activities (B)	5.60	(401.97)		1,028.18
C. Cash Flow from Financing ActivitiesLong-term borrowings	(49.73)		(60.43)
Short-Term Borrowings	(196.82)-		1,683.71(138.00)
Other Long-Term LiabilitiesPrincipal payment of Leases	(59.70)		(63.80)
	(126.06)-		(40.13)(1,813.51)
Finance Cost			(372.83)
Dividend PaidTax on Dividend	=
Net Cash Flow from / (used in) Financing Activities (C)		(432.31)
Net increase / (decrease) in Cash and Cash Equivalents (A+B+C)		(42.61)
		129.57
Cash and Cash Equivalents at the Beginning of the Period		86.96		(804.99)61.77]67.80129.57

Place:-Mumbai Date : 29th June 2021

Neelkamal Vrajlal Siraj Vice Chairman & Managing Director DIN:00021986

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of the

Board

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For and on behalf

CIN:L65990MH1985PLC038164 Regd. Office : 214, Empire House, Dr. D. N. Road, Ent. A. K. Nayak Marg, Fort, Mumbai — 400 001. Website: www.weizmann.co.in Email: contact@weizmann.co.in Tel. Nos :022-22071501 ( 6 lines) Fax No.: 022-22071514

29" June, 2021

wheWZ	WeizmannLimitedCIN:L65990MH1985PLC038164Regd. Office : 214, Empire House, Dr. D. N. Road, Ent. A. K. Nayak Marg, Fort, Mumbai — 400 001.Website: www.weizmann.co.in Email: contact@weizmann.co.inTel. Nos :022-22071501 ( 6 lines) Fax No.: 022-22071514
June, 2021
National Stock Exchange of India Limited BSE LimitedListing Department,Exchange Plaza, C-1, Block- G,Bandra Kurla Complex,Bandra (East) Mumbai—400 051Fax No. 26598235/8237/8347Symbol: WEIZMANIND	Corporate Relation Department,Listing Department,Phiroze Jeejeebhoy Towers,Dalal Street, Mumbai — 400 023Facsimile No. 22723121/22722037/2041Scrip Code: 523011

Sub: Declaration pursuant to Requlation 33 (3) (d) of the Securities and Exchan e Board of India (Listing Obligations and Disclosure Requirements) Requlations 2015 (LODR).

Dear Sir/Madam,

In compliance with provisions of Regulation 33(3)(d) of SEBI LODR, we hereby declare that, Statutory Auditors of the Company Mis. Batliboi & Purohit, Chartered Accountants (FRN : 101048W) have issued an Audit Report with unmodified opinion on Audited Financial Results (Standalone and Consolidated) of the Company for the quarter and year ended 31st March, 2021.

Requesting you to take this on your records.

Thanking You. Yours Sincerely, For Weizmann Limited

Prakash Kumar Mewara Chief Financial Officer