Weizmann Limited. — Interim / Quarterly Report 2024

Aug 12, 2024

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

12th August, 2024

National Stock Exchange of India Limited	BSE Limited
Listing Department.	Corporate Relation Department,
Exchange Plaza, C-1, Block- G,	Listing Department,
BandraKurla Complex,	PhirozeJeejeebhoy Towers,
Bandra (East) Mumbai–400 051.	Dalal Street, Mumbai – 400 023.
Fax No. 26598235/8237/8347.	Facsimile No. 22723121/22722037/2041
Symbol: WEIZMANIND	Scrip Code: 523011

Dear Sir/Madam,

Sub:Outcome of Board Meeting

Pursuant to Regulation 30 read with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Board of Directors at its meeting held today i.e. on 12th August, 2024 have adopted and approved Un-audited Financial Results (Standalone and Consolidated) for the quarter ended 30thJune, 2024 along with the Limited Review Reports of the Statutory Auditors.

Copies of Un-audited Financial Results (Standalone and Consolidated) along with the Limited Review Reports of the Statutory Auditors for the quarter ended 30thJune, 2024 are enclosed herewith.

The Board Meeting commenced at 2.30 p.m. and concluded at 3.05 p.m.

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

Thanking You.

Yours Sincerely, For Weizmann Limited Ami Purohit Company Secretary AMI DHARMEND RA PUROHIT Digitally signed by AMI DHARMENDRA PUROHIT Date: 2024.08.12 15:06:15 +05'30'

Encl. As above

Chartered Accountants BATLIBOI & PUROHIT

Independent Auditor's Limitcd Review Rcport on the quarterly Unaudited Consolidated Financial Results.

To th€ Board of Directors of Weizmann Limited

• We have reviewed the accompanying statement of unaudited consolidated financial results of Weizman-n Limited (hereinafter referred to as the "Holding Company") and its associate(collectively referred to as 'the Group') for the quarter ended June 30, 2024 ('the Consolidated Sratement), aftached herewith, being submitted by the company pursuant to the requirement ofRegulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'.1. as amended.
• 1. This Consolidated Statement, which is the responsibility ofthe Holding Company's management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in [ndian Accounting Standards prescribed under Section 133 of the Companies Act, 2013 ('the Acl'), and other accounting principles generally accepted in lndia. Our responsibility is to express a conclusion on the Consolidated Statement based on our reyiew.
• 1. We conducted our review ofthe Statement in accordance with the Standard on Review Engagements (SRE) 2410, Review of Interim Financial lnformation Performed by the lndependent Auditor ofthe Entity, issued by the lnstitute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying anallical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under Section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant mattem that might be identihed in an audit. Accordingly, we do not express an audit opinion

We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) ofthe SEBI (Listing Obligalions and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.

• 1. The Consolidated Statement includes the results of one associale namely Windia Infrastructure Finance Limited. (a Non-Banking Finance Company)
• 1. Based on our review conducted as above, and based on the comrnents mentioned in "Other matters" paragraph below nothing has come to our attention that causes us to believe that the accompanying Consolidated Statement, prepared in accordance with the recognition and measurement principles laid down in India AS 34, prescribed under Section 133 of the Act, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including the manner in which it is to be disclosed, or that it contains any material misstatement.
• 1. The Consolidated Statement includes the Associate Company's share ofnet loss ofRs. 26.12 lakhs and other comprehensive income ofRs. (2.01) lakhs for the quarter ended June 30,2024. These financial results/information have been prepared in accordance with the accounting standards prescribed under section 133 ofthe Companies Act,2013 read togeths with paragraph 7 of the Companies (Accounts) Rules, 2014 (hereinafter refened 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 results / information in acco Accounting Standards) Rules, 2015 (lnd AS) and are reviewed by us rdance with Companies (Indian so far as it related to conversion o &

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BATLIBOI & PUROHIT Ghartered Accountants

adjustments from previous GAAp to Ind AS. our Report on the statement, in so far as it rerates to the amounts and disclosures included in re-spect of this associate, is based soleiy on the review reDort ot the other auditor and our review ol ihe said .onr.r.ion' ;j;il"r* or; ';il;.,;;H,;" consolidated statements is not modified in respect ofour reliance on the work done and the report of the other auditor.

7. other Matter

The following paragraph was included in the review report of the unaudited consolidated financial results of Windia Inftastructure Finance Ltd (.,Windia,,), an Associate company ofthe Holding Company issued by an Independent Firm of Chartered Accountants, is repioduced as under:

We did not review the interim un-audited financial information/ results in respect of one subsidiary (Weizmann Corporate seruices Limited) whose interim financial information / results reflect net loss after ta\ ofRs. ll.8l lakhs for the quarter ended June 30,2024 as considered in the Consolidated statement. These interim financial information / results have been reviewed by other auditors whose report has been furnished by the management and our conclusion on the statement in so far as it relates to the amounts included in respect ofthis subsidiary is based on the report ofthe other auditor.

Our conclusion on the consolidated statements is not modified in respect of oul leliance on the work done and the report ofthe other auditor.

The Consolidated Statement includes the Group's share of net loss after tax of Rs 6'16 lakhs of two Associate Companies (Truman properties Pfl Ltd and Tapi Energy Ltd) which haYe not b""n ,"ui"*"d by their auditors for ihe'quarter ended June 30.' 2o24 as considered in the L"r."ria""J s"Lment. According to the information and explanations given to us by the M;;;;;;, ,h;," interim financiaf information/ results are not material to the Group'

our conclusion on the statement is not modified in respect ofour reliance on the interim financial iniot utiottl financial results certitied by the Management'

For BATLIBOI & PUROHIT

Chartered Accountants lCAl Firm Reg No. 101048W

-*l r\ 1a-|-{= a.-,\ <(

Atul Mehta o Mumbal Partner ["fi ',Hi,[ );iiji3s]s x d ^c o'n 3

Place: Mumbai Date: August 12, 2024

[ 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 )

	UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2024
Sr		Quarter Ended			Year Ended
"u	Particulars.	300624	310324	30.06.23	31.03.24
		UnAudited		Audited UnAudited	__Audited
1	[Income
	Revenue from Operations (a)	200803	3,064.07	3327.00	12,200.41
	Other Income (b)	5.69	1079	233	5646
	Total Income	2,10372	3,074.86		3,329.33 12,346.87
2	Expenses
	Cost of Materials Consumed (a)	654.77	1,098.19	127257	4,130.19
	(b) Changes in Inventories of Finished Goods, Work-in-
	Progress and Stock-in-Trade	(8462)	(96.21),	(54.01)	(113.75)
	Direct, Operating & Manufacturing Expenses (c)	196.64	266.40	30513	1,020.27
	Employee Benefit Expenses (d)	242.75	266.11	22609	1,056.79
	Finance costs (e)	9.09	1453	17.28	65.23
	Depreciation and Amortisation expenses (f)	59.44	64.36	77.93	273.15
	Power & Fuel (8) Job Work Charges	417.87 22863	583.83	62575 44038	2,314.83
	(h) Other Expenses	13134	385.92 22061	149.90	1,655.92 750.67
	() Total Expenses	195591	2,80374		2,961.02 11,153.30
3	Profit before exceptional items and tax (1-2)	1781	27112	36831	1,193.57
4	Exceptional Items	i	#:	=	2
5	Profit before tax (3-4) 6 [Tax Expenses	14781	27112	36831	1,193.57
	CurrentTax (a)	39.00	67.00	98.00	310.00
	Tax Expense Relating to Earlier Year's (b)	-	(24.80)	-	(74.94)
	Deferred Tax (c)	(158)]	(10.74)	14.82	081
7	Profit/(Loss) for the period (5-6)	11040	23966	255.49	957.70
	Add: Share in Profit/(Loss) of Associate	(26.12)]	(58.16),	3839	(61.61)
	8 Total Net Profit/(Loss) after Tax	8428	18150	29388	896.09
8	Other Comprehensive Income (OCI)
	(A) ttems that will not be reclassified to Profit and Loss
	(i) Re-measurment gain/(Loss) on Defined benefit plan		(7.44)	-	(7.44)
	(ii) Income tax effect on above		187	-	187
	(iif) Net gain/(Loss) on Equity Shares fair value through OCI	(0.49)	(059)	(23.09)	(6.83)
	(iv) Income tax effect on above	0.11	013	514	156
	(v) Share in OCI of Associate	(201)	0.04	005	023
	() items that will be reclassified to Profit and Loss
	Total Other Comprehensive Income	(2.39)	(599)	(17.90)	(10.61)
	Total Comprehensive Income (after Tax) (7+8)	8189	17551	275.98	885.48
9	paid-up Equity Share Capital (Face value of Rs. 10/- each)	1,585.90	1,585.90	158590	1,585.90
	10 Other Equity (Excluding Revaluation Reserves)				5,693.60
	11 Earning per Share (of Rs. 10/- each) (Quarter figures not
	Basic	053	114	185	565
	Diluted	053	114	185	565

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 12TH AUGUST 2024 and have been subjected to limited review by the Statutory Auditors. .
• As required under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the review by the Statutory Auditors has been completed for the Quarter Ended 30.06.24 and the Report has been forwarded to the Stock Exchanges. The Report does not contain any qualification. ~ w IS 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 figures for the quarter ended March 31, 2024 are the balancing figures between audited figures in respect of full financial year and the published unaudited year to date figures upto third quarter of the relevant financial year, which were subject to limited review.
• o Previous period's figures have been regrouped/reciassified wherever necessary. {l m'{

{lo

Date : 12TH AUGUST 2024 DIN: 00021985

BATLIBOI & PUROHIT Chartered Accountants

Independent Auditor's Limited Review Report on Unaudited standalone Quarterly Financial

To the Board of Directors of WeizmannLimited

• 1. We have reviewed the accompanying statement of unaudited standalone financial results of Weizmann Limited ('the Company') for the quarter ended June 30, 2024 ('the Statement') being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended).
• 1. The Statement, which is the responsibility of the Company's Management and approved by the Company's 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 ('the Act'), and other accounting principles generally accepted in India and is in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion 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. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under Section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
• 1. Attention is drawn to the fact that the figures for the three months ended 31 March 2024 as Reported in the statement are the balancing figures are the balancing figures in respect of the full previous financial year and the publish year to date figures up to the third quarter of the previous financial year which were subject to limited review by us.
• 1. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under Section 133 of the Act, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), 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. 101048W

Atul Mehta Partner Membership no. 015935 ICAI UDIN: 24015935 BKHCNN41849FD AC Mumbai Date: August 12, 2024

[ 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 )

	UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2024
sr		Quarter Ended			Year Ended
"o	Particulars	300624	31.03.24	30.06.23	31.03.24
		UnAudited	__Audited	UnAudited	__Audited
1	[Income		3,064.07	3,327.00	12,290.41
	Revenue from Operations (a)	2,098.03	10.79	233	56.46
	Other Income (b)	5.69	3,074.86	332933	12,346.87
	Total Income	2,103.72
2	Expenses.	65477	1,098.19	117257	413019
	Cost of Materials Consumed (a) Changes in Inventories of Finished Goods, Work-in-Progress (b)
	and Stock-in-Trade	(84.62))	(96.21)	(54.01)	(113.75)
	Direct, Operating & Manufacturing Expenses	196.64	266.40	305.13	1,020.27
	(c) Employee Benefit Expenses (d)	24275	266.11	22609	1,056.79
	Finance costs (e)	9.09	14.53	17.28	65.23
	Depreciation and Amortisation expenses (f)	59.44	64.36	77.93	27315
	Power & Fuel (8)	417.87	58383	62575	2,314.83
	Job Work Charges (h)	32863	38592	44038	1,655.92
	Other Expenses (i)	13134	22061	149.90	750.67
	Total Expenses	195591	2,803.74	2,961.02	11,15330
3	Profit before exceptional items and tax (1-2)	14781 -	27112 -	36831 -	1,19357 -
4	Exceptional Items	14781	27112	36831	1,193.57
5 6	Profit before tax (3-4) [Tax Expenses
	Current Tax (a)	39.00	67.00	98.00	310.00
	Tax Expense Relating to Earlier Year's (b)	-	(24.80)	-	(74.94)
	Deferred Tax (c)	(158)	(1074)	14.82	081
7	Profit/(Loss) for the period (5-6)	11040	239.66	255.49	957.70
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		(7.48)	-	(7.48)
	i) Income tax effect on above		187	-	187
	(iil) Net gain/(Loss) on Equity Shares fair value through OCI	(049)	(059)	(23.09)	(6.83)
	(iv) Income tax effect on above	011	013	5.14	156
	Items that will be reclassified to Profit and Loss. (B)	-	-	-	-
	Total Other Comprehensive Income	(0.38)	(6.03),	(17.95)	(1089
	Total Comprehensive Income (after Tax) (7+8)	11002	23363	237.54	946.86
9	[Paid-up Equity Share Capital (Face value of Rs. 10/- each)	158590	158590	1,585.90	158590
	10 Other Equity (Excluding Revaluation Reserves)				4,918.46
	11 Earning per Share (of Rs. 10/- each) (Quarter figures not
	Basic	070	151	161	604
	Diluted	0.70	151	161	604

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).
• 2 These results have been reviewed by the Audit Committee and approved by the Board of Directors at the meeting held on 12TH AUGUST 2024 and have been subjected to limited review by the Statutory Auditors.
• 3 As required under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the review by the Statutory Auditors has been completed for the Quarter Ended 30.06.24 and the Report has been forwarded to the Stock Exchanges. The Report does not contain any qualification.
• 4 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 figures for the quarter ended March 31, 2024 are the balancing figures between audited figures in respect of full financial year and the published unaudited year to date figures upto third quarter of the relevant financial year, which were subject to limited review. < X
• 6 Previous period's figures have been regrouped/reclassified wherever necessary. { D Mumbai ' HER! X

For and on behalf of the Board "\'%\4. &) S

Neelk:tal Vrajlal Siraj Place:-Mumbai ! Vice-Chairman & Managing Director

Date : 12TH AUGUST 2024 DIN: 00021986