WONDER ELECTRICALS LIMITED — Interim / Quarterly Report 2022

Nov 12, 2021

FORMERLY KNOWN AS WONDER FIBROMATS PVT. LTD. REGISTERED OFFICE: 45, GROUND FLOOR, OKHLA INDUSTRIAL ESTATE, PHASE III, NEW DELHI - 110020 | PHONE 011-66058952 CIN: L31900DL2009PLC195174

INFO@WONDERFIBROMATS.COM

WWW.WONDERFIBROMATS.COM

Date: 12th November 2021

To. Chief Manager Listing Compliance Department National Stock Exchange of India Limited (NSE) Exchange Plaza, Plot no. C-1, Block G, Banda Kurla Complex, Bandra (E), Mumbai-400051

ISIN: INE02WG01016 SYMBOL: WFL

SUB.: OUTCOME OF BOARD MEETING HELD ON 12TH NOVEMBER, 2021

Ref: Regulation 30 & 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015

Dear Sir/Madam,

This is to inform you that Board of Directors of the Company at their meeting held at the registered office of the Company on 12th November, 2021 had taken inter-alia the following decisions: -

• Considered and approved the Un-audited Financial Results of the Company for the half year ended 30th $1.$ September, 2021 along with Auditors Limited Review Report: (enclosed);
• 1. Approved and adopted the following policies.
  • Policy on Related Party Transactions.
  • Policy on Determining Material Subsidiary.
  • Code of Conduct for Board and Senior Management.
  • Policy on Familiarisation programme of Independent Directors.
• Other Business matters. $\overline{3}$

The results and above adopted Policies are also being uploaded on the Company's website at http://wonderfibromats.com.

The Board meeting was commenced at 1:00 P.M. and concluded at $2:00$ P.M.

We requested to kindly take note of the same for your record and acknowledge the receipt.

Thanking You, For Wonder Fibromats Limited

Kripank Kumar Singh Company Secretary & Compliance Officer Membership No. A59926

New Dath

PLANT NO. 2 PLOT NO. 4, INDUSTRIAL PARK, KUCHARAM VILLAGE, MANOHARABAD MANDAL, MEDAK, TELANGANA - 502336

WONDER FIBROMATS LIMITED

ţ.

Regd Office at 45 Okhla Industrial Estate, Phase-III, New Delhi-110020

CIN:- L31900DL2009PLC195174

لانتقادت

Statement of unaudited financial results for the half year ended september 30, 2021

	(All Amount in INR Lakhs unless otherwise stated)
ParticularsSr. No		Half Year Ended			Year Ended
		September30,2021	March31,2021	September30,2020	March31,2021
		Unaudited(refer note 2)	Audited(refer note 2)	Unaudited(refer note 2)	Audited
1	Revenue from Operation	14,431.33	23,235.08	7,318.35	30,553.44
II	Other Income	5.26	7.53	21.64	29.17
	III. Total Revenue (I +II)	14,436.59	23,242.61	7,339.99	30,582.61
IV	Expenses:Cost of materials consumedPurchase of Stock in trade	11,728.72	18,460.17233.99	4,579.691,265.38	23,039.861,499.37
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade (Acretion)	(226.16)	(156.18)	125.18	(31.00)
	Manufacturing ExpensesEmployee benefits ExpensesFinancial CostAdministrative & Selling ExpensesDepreciation and Amortization Expenses	1,592.26830.82101.14151.70235.49	2,217.861,081.9593.77164.77232.03	776,88582,6867.26104.65164.22	2,994.751.664.64161.02269.41396.25
	Total Expenses (V)	14,413.98	22,328.35	7,665.95	29,994.30
VI	Profit before exceptional and extraordinary items and tax (IV-V)	22.61	914.26	(325.95)	588.31
VII	Exceptional Items
VIII	Profit before extraordinary items and tax (VI + VII)	22.61	914.26	(325.95)	588.31
IX	Extraordinary Items
x	Profit before tax (VIII - IX)	22.61	914.26	(325.95)	588.31
XI	Tax expenses:(1) Current Tax(2) Deferred Tax Liabilities/(Assets)	12.84(4.49)	173.87(10.29)	0.14(8.35)	174.01(18.65)
XII	Profit(Loss) after Tax and before Prior Period Items (X + XI)	14.27	750.68	(317.74)	432.94
XIII	Prior Period Items- CSR Expenditure of previous year Incurred		8.45		8.45
XIV	Profit(Loss) after Tax (XII-XIII)	14.27	742.23	(317.74)	424.49
XV	Earning per equity share:
	$(1)$ Basic	0.17	8.86	(3.79)	5.07
	(2) Diluted	0.17	8.86	(3.79)	5.07

For and on behalf of the Board of Directors ofWonder Fibromats Limited $\leftarrow$ $\mathcal{BR}$ O

ω ONDA

New Delhi

C.

Hurand

Harsh Kumar Anand (Chairman & Managing Director)

Place: New DelhiDated: 12.11.2021

銢

WONDER FIBROMATS LIMITED

Regd Office at 45 Okhla Industrial Estate, Phase-III, New Delhi-110020 CIN:- L31900DL2009PLC195174

Unaudited Statement of Assets and Liabilities as on September 30, 2021

	(All Amount in INR Lakhs unless otherwise stated)
Particulars	As on September30,2021	As on March31,2021
	Unaudited	Audited
I. EQUITY AND LIABILITIES
(1) Shareholder's Funds
(a) Share Capital	837.55	837.55
(b) Reserves and Surplus	3,885.44	3,871.17
(2) Non-Current Liabilities
(a) Long-Term Borrowings	123.39	153.78
(3) Current Liabilities
(a) Short-Term Borrowings	1,260.33	757.70
(b) Trade Payables
-Total outstanding dues of Micro & Small Enterprises	5,154.60	4,721.17
-Total outstanding dues of Creditors other than Micro & Small Enterprises	3,259.41	8,712.81
(c) Other Current Liabilities	84.52	51.34
(d) Short-Term Provisions	225.29	551.97
Total Equity and Liabilities	14,830.54	19,657.50
II.ASSETS
(1) Non-Current Assets
(a) Fixed Assets
(i)Tangible Assets	3,330.28	3,359.02
(b) Deferred Tax Assets (Net)	2.80	(1.69)
(c) Other Non-Current Assets	62.50	62.50
(2) Current Assets
(a) Inventories	2,801.76	3,139.35
(b) Trade Receivables	7,917.37	12,096.07
(c) Cash & Cash Equivalents	26.23	17.58
(d) Short-Term Loans and Advances	66.80	139.27
(e) Other Current Assets	622.78	845.40
Total Assets	14.830.54	19.657.50

The disclosure is an extract of the unaudited Balance Sheet as at September 30, 2021 and audited Balance Sheet as at March 31, 2021 prepared in compliance with the Accounting Standards specified under section 133 of the Companies Act, 2013

Figures of previous year have been regrouped or recast wherever necessary, in order to make them comparable. See accompanying notes to the financial results

For and on behalf of the Board of Directors of Wonder Fibromats Limited BRC

८ Ò ω

New Delhi

贞

OND

inaux

Place: New Delhi Dated: 12.11.2021 Harsh Kumar Anand (Chairman & Managing Director) DIN: 00312438

WONDER FIBROMATS LIMITED

Regd Office at 45 Okhla Industrial Estate, Phase-III, New Delhi-110020

CIN:- L31900DL2009PLC195174

Unaudited Cash Flow Statement for half year ended September 30, 2021

S. No.	Particulars		For the half year endedSeptember 30, 2021	For the half year endedSeptember 30, 2020
			Amount (₹)	Amount (₹)
I	CASH FLOWS FROM OPERATING ACTIVITIES
	Profit before Tax and exceptional items		22.61	(325.95)
	(Adjustment to reconcile profit before tax to cash generated byoperating activities)
	Depreciation		235.49	164.22
	Increase/(Decrease) in Trade Payables		(5,019.97)	(4,775.20)
	Increase/(Decrease) in Other Current Liabilities		33.17	(10.40)
	Increase/(Decrease) in Short-Term Provisions		(339.52)	(144.33)
	Decrease/(Increase) in Trade Receivables		4,178.70	4,303,64
	Decrease/(Increase) in Short Term Loan & Advances		72.47	(34.47)
	Decrease/(Increase) in Other Current Assets		222.62	68.28
	Decrease/(Increase) in Inventories		337.58	787.41
	Net Cash Generated from Operating Activities		(256.85)	33.20
II	CASH FLOWS FROM INVESTING ACTIVITIES
	Purchase of Fixed Assets		(211.30)	(52.81)
	Sale/Decrease of Fixed Assets		4.55	13.15
	Decrease/(Increase) in Capital Work in Progress			(323.21)
	Decrease/(Increase) in Other Non- Current Assets			(9.51)
	Net Cash used in Investing Activities		(206.75)	(372.38)
III
	CASH FLOWS FROM FINANCING ACTIVITIES
	Increase/(Decrease) in Share Capital
	Increase/(Decrease) in Long-Term Borrowings		(30.39)	3.73
	Increase/(Decrease) in Short-Term Borrowings		502.63	407.81
	Increase/(Decrease) in Reserve & Surplus			Ξ.
	Net Cash used in Financing Activities		472.24	411.54
IV	Net Increase/(Decrease) in Cash & Cash Equivalents	$(I+II+III)$	8.65	72.36
٧	Cash & Cash Equivalents at the beginning of the period		17.58	874.30
VI	Cash & Cash Equivalents at the end of the period	$(IV+V)$	26.23	946.65

For and on behalf of the Board of Directors of Wonder Fibromats Limited BRC

Ý Q.

$\mathcal{U}$

圍

Place: New Delhi Dated: 12.11.2021

w $\circ$ Huna New Delhi Ż Harsh Kumar Anand (Chairman & Managing Director) $\star$ DIN: 00312438

Notes to standalone financial results for the half vear ended September 30. 202L

/

• 1. The above financial results of the Company for the half year ended September 30, 2021 have been reviewed & approved by the Audit Committee & taken on record by the Board of Directors at the Board Meeting held on November 12, 2021. The Statutory Auditors of the Company have carried out "Limited Review" of the above unaudited financial results for the half year ended September 30, 2021. The Statutory Auditors have expressed an unqualified/unmodified audit opinion on these financials results,
• 2, Figures for the six months ended l\4arch 31, 2021 is balancing figures between audited figures in respect of full financial year and the published year to date figures up the first half of the relevant year. The figures upto the end of the first half were only reviewed and were not audited.
• 3, The outbreak of Corona Virus (COVID-1g) pandemic has caused significant disturbance and slowdown of economic activity globally and in India, The company's operation and financial results for the half year ended September 30, 2021 have been adversity impacted by lockdown jmposed to contain the . spread of COVID-19. The companyt manufacturing facilities were slow down in the first quarter of the year. The impact of COVID-1g remain uncertain and may be different from what the management has estimated as of the date of approval of these financial results and efforts are being made to minimize the impact and company will continue to closely monitor any development, future economic and business outlook and its impact on the company,s future flnancial statements.
• 4, As the Company's business activities fall within single primary business segment Viz. Manufaduring of Fans and in the opinion of the management there does not exist separate repodable geographical segment, the disclosure requirement of Accounting Siandard. 17- "Segment Reporting,,, lssued by ttre at Institute of Chartered Accountants of India are not applicable .

The flgures of the previous year/ period have been reworked, regrouped, rearranged and reclassified whenever necessary to correspond to the figures of the current reporting period.

For and on behalf of Board of Directors of Wonder Fibromats Lim

Harsh Kumar Anand

(Chairman and lYanaging Director) DIN-00312438

Placer-New Delhi Dater - 12.11.2021 CHARTERED ACCOUNTANTS

Independent Auditor's Limited Review Report on Unaudited half yearly standalone Financial Results of Wonder Fibromats Limited pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended

To. The Board of Directors of M/s Wonder Fibromats Limited New Delhi

We have reviewed the accompanying statement of unaudited standalone financial results of $M/s$ Wonder Fibromats Limited (the "Company"), CIN L31900DL2009PLC195174, having its registered office at 45, Ground Floor, Okhla Industrial Estate, Phase-III, New Delhi-110020 for the six month period ended on September 30, 2021 (the "Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as modified by SEBI Circular No. CIR/CFD/CMD1/44/2019 dated 29.03.2019.

This 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 Accounting Standard 25, (AS 25) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting, principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.

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 Statements 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 ar audit and accordingly, we do not express an audit opinion.

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 aforesaid Indian Accounting standards and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as modified by Circular No. CIR/CFD/CMD1/44/2019 dated 29th March, 2019 including the matter in which it is to be disclosed, or that it contains any material misstatement.

We have reviewed the financial results and other information presented in accordance with Accounting Standard 25 Interim Financial reporting (AS 25) for the half year ended 30th September, 2021 and have been presented solely on the basis of information compiled by the management.

For AYK & Associates

Chartered Accountants (Registration No. 018591C) CA Yogésh Kuma M.Com, MBA, LL.B., FCA, DISA (ICAI) Partner (Membership No. 403036) UDIN:- 21403036AAAAFS7449

Place: New Delhi Date: 12.11.2021

FORMERLY KNOWN AS WONDER FIBROMATS PVT. LTD. REGISTERED OFFICE: 45, GROUND FLOOR, OKHLA INDUSTRIAL ESTATE, PHASE III, NEW DELHI - 110020 | PHONE 011-66058952 CIN: L31900DL2009PLC195174

INFO@WONDERFIBROMATS.COM

WWW.WONDERFIBROMATS.COM

Dated: 12th Nov 2021

To.

The Board of Directors Wonder Fibromats Limited 45, Ground Floor, Okhla Industrial Estate, Phase-III, New Delhi -110020

Sub.: Certificate pursuant to Regulation $33(2)(a)$ of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)

Dear Sir/Ma'am.

In compliance with the regulation 33(2)(a) of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, as amended, we do hereby confirm and declare that, financial statements of the company for the half year ended 30th September 2021, do not contain any false or any misleading statement or figures and do not omit any material facts which may make the statements or figures contained therein misleading.

We requested to kindly take note of the aforesaid information on records and acknowledge the receipt of the same

For Wonder Fibromats Limited

New Delhi

Harsh Kumar Anand [Chairman & Managing Director] DIN: 00312438

For Wonder Fibromats Limited $\cap$ New Delt Yogesh Anand IChief Financial Officer PAN: AAEPA6561A

Date: 12.11.2021 Place: New Delhi