Weizmann Limited. — Interim / Quarterly Report 2018

Nov 13, 2018

ClN : L65990MHl 985PLC038164 Regd. Office: 2.14, Empire House, Dr. D. N. Road, Ent. A. K. Nayak Marg, Fort, Mumbai - 400 00 I. Website: www."eizmann.co.in, Email: contact(@weizmann.co.in Tel. Nos: 22071501 ( 6 lines) Fax No.: 22071514

13th November, 2018

National Stock Exchange of India Ltd.	BSE Ltd.
Listing Department.	Corporate Relation Department,
Exchange Plaza, C-1, Block- G,	Listing Department,
Sandra Kurla Complex,	Phiroze Jeejeebhoy Towers,
Sandra (East) Mumbai-400 051.	Dalal Street, Mumbai -400 023.
Fax No. 26598235/8237/8347.	Facsimile No. 22723121/22722037 /2041
Symbol: W EIZMANIND	Scrip Code 523011

Dear Sir/Madam,

Sub: Outcome of Board M eeting 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 13th November, 2018 have considered the following matters :

• 1. Adoption and approval of Un-audited Financial Results for the quarter and half year ended 30th September, 2018 along with Limited Review Report of the Statutory Auditor (Copies of Un-audited Financial Results along with Limited Review Report for the quarter and half year ended 30th September, 2018 are enclosed herewith).
• 1. Appointment of Ms. Ami Purohit as Company Secretary and Compliance Officer w.e.f. November 13, 2018. The particulars of the appointment are as follows :

SR. NO.	PARTICULARS			DISCLOSURES
1.	for Reason Appointment	change	ie.	To fulfill the requirements of Section 203 of Companies Act, 2013, rea·d with Companies of (Appointment and Remuneration Managerial Personnel) Rules 2014 and Regulation 6(1) of the SEBI (Listing Obligations and Disclosure Requirement s) Regulations, 2015 in the light of resignation of earlier incumbent.

CIN : L65990MH1985PLC038164

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

SR. NO.	PARTICULARS	DISCLOSURES
2.	Date of appointment & term of appointment	13.11.2018
3.	of Brief profile (in case appointment)	Ms. Ami Purohit, is an Associate member of The lnstitue of Company Secretaries of India (ICSI) having membership no. A46169 and also a holds a Bachelor's Degree in Commerce from University of Mumbai.
4.	of Disclosure relationships between directors (in case of appointment of a director)	N.A.

The Board meeting commenced at 6.30 p.m. and concluded at 6.55 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

'VVei.zmar1n ^L imited

[ CIN NO: L65990MH198SPLC038164]

Regd. Office: Empire House, 214, Dr. D.N.Road, Ent. A. K. Nayak Marg, vrt, Mumbai. 400 001.

						{ Rs. In Lacs ei.:ept per share data l
	UNAUDITED STANDALONE FINANCIAL RESU.TS FOR THE QUARTER AND HALF YEAR ENDED 30" SEPTEMBER, 2018
	Particulars	QUARTER ENDED (UNAUDITED)			HALF YEAR ENDED (UNAUDITED)		YEAR ENDED AUDITED
		30.09.2018	30.06.2018	30.09.2017	30.09.2018	30.09.2017	31.03.2018
1	Income
	(a) Revenue from Operations	2,460.66	3,210.43	1,749.19	5,671.09	4,398.76	8,685.60
	(b) Other Income	65.98	58.22	200.53	124.19	285.75	290.74
	Total Income	2,526.64	3,268.65	1,949.72	5,795.28	4,684.51	8,976.34
2	Expenses
	(a) Cost of Materials Consumed	941.66	1,918.55	1,013.10	2,860.21	2,510.13	5.177.88
	{b) Purchases of Stock·ln·trade	14.52		2.99	14.52	25.65
	(c) Changes In Inventories of Finished Goods,
	Work-in-Progress and Stock-In-Trade	48.23	(41.71)	1.67	6.52	0.31	(182.02)
	(d) Employee Benefit Expenses	171.89	184.70	224.39	356.59	319.23	681.16
	{e) Finance costs	1.31	1.71	3.06	3.02	3.67	12.21
	{f) Depreciation and Amortisation expenses	34.70	33.78	30.57	68.48	62.34	135.66
	{g) Other Expenses	889.89	794.55	658.27	1,684.43	1,371.95	2,674.79
	Total Expenses	2,102.20	2,891.57	1,934.05	4,993.77	4,293.28	8,499.68
3	Profit before exceptional items and tax {1·2)	424.44	377.08	15.67	801.52	391.23	476.66
4	Exceptional Items
5	Profit before tax (3-4)	424.44	377.08	15.67	801.52	391.23	476.66
6	Tax Expenses
	(a) Current Tax	136.24	91.52	(5.12)	227.76	119.70	135.80
	{b) Current Tax Expense Relating to Earlier Year's						{72.98)
	{c) Deferred Tax	(112.24)	15.78	10.29	(96.45)	14.35	112.46
7	Proflt/{Loss) for the period/year {5-6)	400.44	269.77	10.50	670.21	257.18	301.38
8	Other Comprehensive Income (OCI)
	{A) Items that will not be reclassified to Profit and Loss
	(i) Re-measurment gain/(loss) on Defined benefit plan			(1.64)		(3.28)	(2.32)
	(11) Net gain/(Loss) on Equity Shares fair value thro OCI	(98.23)	(312.80)	2,327.50	(411.03)	2,327.50	461.44
	(iii) Income tax effect on above	21.86	69.62	{512.65)	91.48	(512.11)	(103.05)
	{B) Items that will be reclassified to Profit and Loss
	Total Other Comprehensive Income	(76.36)	{243.19)	1,813.21	(319.55)	1,812.11	356.07
9	Total Comprehensive Income (after Tax) (7+8)	324.08	26.59	1,823.71	350.66	2,069.29	657.45
10	Paid-up Equity Share Capital	1,727.15	1,727.15	1,727.15	1,727.15	1,727.15	1,727.15
	{Face value of Re. 10/· each)
11	Other Equity excluding revaluation reserve
12	Earning per Share (Rs.)
	Basic	2.32	1.56	0.06	3.88	1.49	1.74
	Diluted	2.32	1.56	0.06	3.88	1.49	1.74

Notes to the financial results:

• 1 These results have been approved at the meeting of the Board of Directors held on November 13, 2018.
• 2 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 Operatlng Segments.
• 3 As required under Regulation 33 of SEBI (Listing Obligations and Disclosures Requirements} Regulations, 2015, the Limited Review by the Statutory Auditors has been completed for the Half-Year ended Sept 30, 2018, and the Report has been forwarded to the stock exchanges. The Report does not contain any qualiflcaUon.
• 4 Previous period's figures have been regrouped/reclassified wherever necessary to confirm to this period's classification.

Date :• 13th November, 2018 Place:-Mumbal

For and on Behalf of the Board (')0 ,-· ,,,__,_,_}0 <' , ~ zmann ltd Neelkamal V. Slraj Managing Director

Regd. Office : Empire House, 214, Dr. D.N.Road, Ent. A. K. Nayak Marg, Fort, Mumbai - 400 001. [ CIN NO: L65990MH198SPLC038164) Website: Weizmann.co.In .. Phone : 022-2207 1501

Unaudited statement of Assets & llabllltles as at 30th September 2018

	(Rsln Lacs)
		30th Septttnber 20U	31Jt Morch 20U
		UNAUDITED	AUDITED
ASSETS
Non-current assets
(a) Property, plant and equipment		2,062.10	1,989.75
(b) Capital work-in-progress		60.97	11.80
(c) financial assets
(i) Investments		4.189.63	2,047.88
(ii) Other Non-current financial assets		319.37	801.23
(e) Non-current tax assets (Net)		94.27	25,35
(f) Other Non-current assets		419.65	201.12
	Total Non Current Assets	7,145.99	s,on.13
Current usets
(a) Inventories (b) Financial assets		466.19	1,200.46
(I) Equity Instruments held for Trading		103.58	108.80
(II) Trade receivables		648.20	260.04
(111) Cash and Cash Equivalents		129.23	60.04
(Iv) Bank Balances other than (iii) above		102.58	16.22
(v) Loans		941.89	2.816.99
(c) Other current assets		5.35	4.16
	Total Current Assets	2,397.02	4,466.71
	TOTAL	9,543.01	9,543.84
EQUITY AND LIABILITIES
Equity
(a) Equity share capital		1.727.15	1,727.15
(b) Other equity		5,667.31	5,420.54
	Total Equity	7,394.46	7,147.69
Liabllities
Non-current liabilities
(a) Financial liabilities
(I) Borrowings		62.49	54.75
(Ii) Other financial liabilities		150.00	240.00
(iii) Provisions		2.79	5.85
(b) Deferred tax liabilities (net)		183.19	371.13
	Total Non Current Llabllltles	398.47	671.73
Current llabllitle.s
(a) Financial liabilities
(I) Borrowings
(11) Trade payables		1,237.71	1,512.77
(Ill) Other financial liabilities		206.04	71.62
(b) Other current llabllrti•s		37.26	126.74
(c) Provisions			0.37
(d) Current Tax Liabilities (Net)		269.07	12.92
	Total Current llabllltles	1,750.08	1,724.42
	TOTAL	9,543.01	9,543.84

For and on Behalf of the Board

Neelkamal V. Slra Managing Dlrecto

Date :- 13th November, 2018 Place:-Mumbal

BATLIBOI & PUROHIT Chartered Accountants

LIMITED REVIEW REPORT ON REVIEW OF UNAUDITED INTERIM FINANCIAL RESULTS OF WEIZMANN LIMITED

TO THE BOARD OF DIRECTORS OF WEIZMANN LIMITED

• l. We have reviewed the accompanying statement of standalone unaudited financial results (the Statement') of Weizmann Limited ('the Company') for the qua1ter ended September 30, 2018 and the year to date results for the period April 01, 2018 to September 30, 2018, being submitted by the Company pursuant to Regulation 33 of the SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015.
• 1. 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 repoti on the Statement based on our review.
• 1. 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 Statement is free of material misstatement. A review is limited primarily to inquiries of Company's personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not perfom1ed an audit and accordingly, we do not express an audit opinion.
• 1. Based on our review conducted as stated above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results prepared in accordance with the Indian Accounting Standards(' lnd AS') prescribed under Section 133 of the Companies Act, 2013 read with relevant rules thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 20 15 including the manner in which it is to be disclosed, or that it contains any material misstatement.

For Batliboi & Purohit Chartered Accountants Firm Registration No. IO 1048W

- ~ ~ M_,il:-

Kaushal Mehta Partner Membership No. 111749

Place: Mumbai Date: November 13, 2018