-1"· · P/VIIR/ ENGINEERING & INDUSTRIES LTD. CORPORATE OFFICE 8" Floor, Express Trade Towers, 15-16, Sector 16A, Noida - 201301, U.P., India T:+911204308100IF:+911204311010-11 W: www.trivenigroup.com By E-filing Date: 14th August, 2021 REF:TEIL:SE: The Deputy General Manager The Asst. Vice President, Department of Corporate Services, Listing Department BSE Limited National Stock Exchange of India Ltd., 1 st Floor, New Trading Ring, Exchange Plaza, 5th Floor, Rotunda Building, P.I. Tower, Plot No. CIl, G Block, Dalal Street, Fort, Bandra-Kurla Complex, Bandra (E), MUMBAI - 400 001 MUMBAI - 400 051 STOCK CODE: 532356 STOCK CODE: TRIVENI Sub: Outcome of the Board Meeting held on August 14,2021 Dear Sirs, This is to inform you that the Board of Directors of the Company at their meeting held today i.e. August 14, 2021, has inter-alia considered and taken on record/approved the following :- (i). Unaudited Financial Results (stand-alone and consolidated) for the 1 st quarter ended I une 31, 2021. The said financial results together with Limited Review Reports of the Statutory Auditors of the Company thereon and the Newspaper publication being issued by the Company are enclosed. (ii). Proposal for shifting of registered office of the Company from its present location at Deoband, District Saharanpur, Uttar Pradesh-247554 to Noida, District Gautam Buddha Nagar, Uttar Pradesh, subject to approval of the shareholders. The meeting of the Board commenced at 11.00 a.m. and concluded at 9,. \.\0 p.m. You are requested to please take the above on record and disseminate to all concerned. Thanking you, Yours faithfully, For Triveni Engineering & Industries Ltd., Regd. Office: Deoband, District Saharanpur, Uttar Pradesh - 247 554 GIN No L15421UP1932PLG022174 GEET A BHALLA Group Vice President & Company Secretary M.No.A9475 BHALLA GEETA Digitally signed by BHALLA GEETA Date: 2021.08.14 15:39:12 +05'30'
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The Deputy General Manager The Asst. Vice President, Department of Corporate Services, Listing Department BSE Limited National Stock Exchange of India Ltd., 1 st Floor, New Trading Ring, Exchange Plaza, 5th Floor, Rotunda Building, P.I. Tower, Plot No. CIl, G Block, Dalal Street, Fort, Bandra-Kurla Complex, Bandra (E), MUMBAI - 400 001 MUMBAI - 400 051 STOCK CODE: 532356 STOCK CODE: TRIVENI Sub: Outcome of the Board Meeting held on August 14,2021
Dear Sirs,
This is to inform you that the Board of Directors of the Company at their meeting held today i.e. August 14, 2021, has inter-alia considered and taken on record/approved the following :-
(i). Unaudited Financial Results (stand-alone and consolidated) for the 1 st quarter ended I une 31, 2021. The said financial results together with Limited Review Reports of the Statutory Auditors of the Company thereon and the Newspaper publication being issued by the Company are enclosed.
(ii). Proposal for shifting of registered office of the Company from its present location at Deoband, District Saharanpur, Uttar Pradesh-247554 to Noida, District Gautam Buddha Nagar, Uttar Pradesh, subject to approval of the shareholders.
The meeting of the Board commenced at 11.00 a.m. and concluded at 9,. \.\0 p.m.
You are requested to please take the above on record and disseminate to all concerned.
Thanking you,
Yours faithfully, For Triveni Engineering & Industries Ltd.,
Regd. Office: Deoband, District Saharanpur, Uttar Pradesh - 247 554 GIN No L15421UP1932PLG022174
GEET A BHALLA Group Vice President & Company Secretary M.No.A9475
BHALLA GEETA
Digitally signed by BHALLA GEETA Date: 2021.08.14 15:39:12 +05'30'
S S KOTHARI MEHTA & COMPANY CHARTERED ACCOUNTANTS
Independent Auditor's Limited Review Report on the Quarterly Unaudited Standalone Financial Results of the Company Pursuant to Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, as amended
To The Board of Directors of Triveni Engineering & Industries Limited
1. We have reviewed the accompanying Statement of unaudited standalone financial results of Triveni Engineering & Industries Limited ("the Company") for the quarter ended June 30, 2021 ("the Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations")
2. This Statement, which is the responsibility of the Company's Management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34, "Interim Financial Reporting" ("Ind AS 34"), prescribed under section 133 of the Companies Act, 2013 ("the Act") read with rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to issue a report on the Statement based on our review.
3. 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 Statement is free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and, accordingly, we do not express an audit opinion.
4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement of unaudited standalone financial results prepared in accordance with applicable Indian Accounting Standards prescribed under section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.
For S S Kothari Mehta & Company Chartered Accountants
Membership No. 093214 UDIN: 2-IOC} 3 .l..14 AA f)AFP 6300 Place: Faridabad (Haryana) Dated: August 14, 2021
Total tax expense 2985 4832 4343 15856 8 Profitj(loss) from continuing operations after tax 8639 6913 8040 27331 9 Profit! (loss) from discontinued operations - - - - 10 Tax expense of discontinued operations - - - - 11 Profit/(Ioss) fr0111 discontinued operations (after tax) - - - - 12 Profit/(loss) for the period 8639 6913 8040 27331 13 Other comprehensive income
A (i) Items that will not be reclassified to profit or loss - (44) - (44) A (ii) Income tax relating to items that will not be (15) (15) reclassified to profit or loss - - B (i) Items that will be reclassified to profit or loss (20) - - - B (ii) Income tax relating to items that will be reclassified
(5) to profi t or loss - - -
Other comprehensive income for the period, net of tax (15) (29) - (29) 14 Total comprehensive income for the period 8624 6884 8040 27302 15 Paid up Equity Share Capital (face value ~ 1/-) 2418 2418 2479 2418 16 Other Equity 143906 17 Earnings/ (loss) per share of ~ 1/ - each (not annualised)
Total Segment liabilities 62092 90639 127317 90639 Add: Unallocable liabilities 122945 108786 133395 108786 Total Liabilities 185037 199425 260712 199425
TRIVENI ENGINEERING & INDUSTRIES LIMITED
Notes to the Standalone Unaudited Financial Results for the Quarter ended June 30,2021
1. The above financial results have been prepared in accordance with the principles and procedures of the Indian Accounting Standards ('Ind AS') notified under section 133 of the Companies Act, 2013 [Companies (Indian Accounting Standards) Rules, 2015 (as amended)].
2. In view of the seasonality of the Sugar Business, the performance results may vary from quarter to quarter.
3. Provision for tax for the current quarter has been made considering the alternate option of lower tax rate available to a domestic company under section 115BAA of the Income tax Act 1961.
4. The Company has considered the possible effects that may result from COVID-19 in the preparation of the financial results, using the related internal and external factors known to the management upto the date of approval of these results to assess the carrying amount of its assets and liabilities. Based on such assessment, no material impact in the carrying amount of assets and liabilities is expected to arise. The Company shall continue to monitor the future economic conditions in this respect.
5. The figures for the quarter ended 31 March 2021 are the balancing figures between the audited figures in respect of the full financial year ended on that date and published year to date figures up to the third quarter of the said financial year.
6. The above financial results have been reviewed and recommended for adoption by the Audit Committee and approved by the Board of Directors of the Company at their respective meetings held on 11 August 2021 and 14 August 2021. The statutory auditors have carried out a limited review of the above financial results.
For Triveni Engineering & Industries Limited
Place: Noida Date: 14 August 2021
Dhruv M. Sawhney Chairman & Managing Director
S S KOTHARI MEHTA & COMPANY CHARTERED ACCOUNTANTS
Independent Auditor's Limited Review Report on the Quarterly Unaudited Consolidated Financial Results of the Company Pursuant to Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, as amended
To The Board of Directors of Triveni Engineering & Industries Limited
1. We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of Triveni Engineering & Industries Limited ("the Parent") and its subsidiaries (the Parent and its subsidiaries 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 ended June 30, 2021 ("the Statement"), being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations").
2. This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under section 133 of the Companies Act, 2013, 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.
3. 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 Standards 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 an audit. Accordingly, we do not express an audit opinion.
www.sskmin.com
We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the Listing Regulations, as amended, to the extent applicable
4. The Statement includes the results of the following entities:
5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred to in paragraph 6 below, 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 the aforesaid Indian Accounting Standard 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, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.
6. The Statement includes the interim financial results of eight subsidiaries which have not been reviewed by their auditors, whose financial results reflect total revenue (including other income) of Rs. 0.70 Lakhs, total net profit/doss) after tax and total comprehensive income/(Ioss) of Rs. (-) 2.03 Lakhs and Rs. (-) 2.03 Lakhs for the quarter ended June 30, 2021 respectively, as considered in the Statement. According to the information and explanations given to us by the Management, these interim financial results are not material to the Group. The Statement also includes the Group's share of net profit (before other comprehensive income) Rs. 606.01 Lakhs and total comprehensive income of Rs. 605.33 Lakhs for the quarter ended June 30, 2021, in respect of one associate whose financial results have not been reviewed by us. These financial results have been reviewed by other auditor whose report has been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of this associate, is based solely on the report of the other auditor and the procedures performed by us as stated in paragraph 3 above.
Our review report is not modified in respect of this matter.
14 Profit/(loss) for the period 9230 8502 8375 29461
Profit/ (loss) for the period attributable to : (i) Owners of the Company 9230 8502 8375 29461
(ii) _Non-controlling interests = = =
15 Other comprehensive income A (i) Items that will not be reclassified to profit or loss z (20) ig (20) A (ii) Income tax relating to items that will not be reclassified 3
to profit or loss s (15) EE (15)
B(i)_Items that will be reclassified to profit or loss (21) (108) 41 (66) B (ii) Income tax relating to items that will be reclassified to
profit or loss 6) = ° z Other comprehensive income for the period, net of tax (16) (113) 41 (61)
Other comprehensive income for the period, net of tax attributable to:
(i) Owners of the Company (16) (113) 41 (61)
(ii) _Non-controlling interests : - - : 16 Total comprehensive income for the period 9214 8389 8416 29400
Total comprehensive income for the period attributable to:
(i) Owners of the Company 9214 8389 8416 29400 (ii) _Non-controlling interests - - - a
17 Paid up Equity Share Capital (face value @ 1/-) 2418 2418 2479 2418 18 Other Equity 153149 19 Earnings per share of % 1/- each (not annualised)
(a) Basic (in 8) 3.82 3.52 3.38 12.01 (b) Diluted (in 2) 3.82 3.02 3.38 12.01
See accompanying notes to the consolidated financial results
TRIVENI ENGINEERING & INDUSTRIES LIMITED
Consolidated Unaudited Segment wise Revenue, Results, Assets and Liabilities for the Quarter ended June 30, 2021
(@ in lakhs)
3 Months ended ee Year ended ‘ 30/Jun/2021 31/Mar/2021 | 30/Jun/2020
Notes to the Consolidated Unaudited Financial Results for the Quarter ended June 30, 2021
The above financial results have been prepared in accordance with the principles and procedures of the Indian Accounting Standards (‘Ind AS’) notified under section 133 of the Companies Act, 2013
In view of the seasonality of the Sugar Business, the performance results may vary from quarter to quarter.
Provision for tax for the current quarter has been made considering the alternate option of lower tax rate
available to a domestic company under section 115BAA of the Income tax Act 1961.
The Company has considered the possible effects that may result from COVID-19 in the preparation of
the financial results, using the related internal and external factors known to the management upto the
date of approval of these results to assess the carrying amount of its assets and liabilities. Based on such assessment, no material impact in the carrying amount of assets and liabilities is expected to arise. The
Company shall continue to monitor the future economic conditions in this respect.
The standalone unaudited financial results of the Company are available on the Company’s website (www.trivenigroup.com), website of BSE (www.bseindia.ccom) and NSE (www.nseindia.com).
Summarised standalone financial performance of the Company is as under :
Income from operations 110783 118424 122244 469321
Profit/ (loss) before tax 11624 11745 12383 43187
Profit/ (loss) after tax 8639 6913 8040 27331
Total comprehensive income 8624 6884 8040 27302
The figures for the quarter ended 31 March 2021 are the balancing figures between the audited figures in respect of the full financial year ended on that date and published year to date figures upto the third quarter of the said financial year.
The above financial results have been reviewed and recommended for adoption by the Audit Committee and approved by the Board of Directors of the Company at their respective meetings held on 11 August
2021 and 14 August 2021. The statutory auditors have carried out a limited review of the above financial
Statement of Consolidated Unaudited Financial Results for the Quarter ended June 30, 2021
(= in lakhs, except per share data)
3 Months ended Year ended
Particulars 30/Jun/2021 30/Jun/2020 31/Mar/2021
(Unaudited) (Unaudited) (Audited)
Total Income from operations 111146 122381 470335
Net Profit/ (loss) for the period (before tax and exceptional items) 12389 12917 45910
Net Profit/ (loss) for the period before tax (after exceptional items) 12389 12917 45977
Net Profit/ (loss) for the period after tax (after exceptional items) 9230 8375 29461
Total comprehensive income for the period [Comprising Profit/ (loss) for the period (after tax) and other comprehensive income (after tax)] 9214 8416 29400
Equity share capital 2418 2479 2418
Other equity 153149
Earnings per share of = 1/- each (not annualised)
(a) Basic (in @) 3.82 3.38 12.01
(b) Diluted (in 2) 3.82 3.38 12.01
Notes :
1. Summarised Standalone Unaudited Financial Performance of the Company is as under :
(= in lakhs)
3 Months ended Year ended
Particulars 30/Jun/2021 30/Jun/2020 31/Mar/2021
(Unaudited) (Unaudited) (Audited)
Total Income from operations 110783 122244 469321
Profit/ (loss) before tax 11624 12383 43187
Profit/ (loss) after tax 8639 8040 27331
Total comprehensive income 8624 8040 27302
2. The above is an extract of the detailed format of Financial Results for the Quarter ended 30 June 2021 filed with the Stock
Exchanges under Regulation 33 of the SEBI (LODR) Regulations, 2015. The full format of the Financial Results for the Quarter ended 30 June 2021 are available on the websites of Stock Exchange(s) (www.bseindia.com and www.nseindia.com)
and on the website of Company (www. trivenigroup.com).