1 Plot No. 213, GIDC, P r O l l fe Panoli Industrial Estate, Ta. Ankleshwar, Industries ae PROLIFE Limite d CIN NO. L24231GJ1994PLC022613 Date: 30.06.2020 To, The Manager-Listing Department, The National Stock Exchange of India Limited, Exchange Plaza, NSE Building, BandraKurla Complex, Bandra East, Mumbai-400 051 Dear Sir/Madam, Ref: Ref: (SYMBOL: PROLIFE, ISIN :INE994V01012) Sub: Intimation of Outcome of Board Meeting under SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015 With reference to the above subject, we herebyinform youthat the Board of Directors of the Company at its meeting held onTuesday,30"June,2020which commenced at 4.00 p.m. inter-alia approvedthe following businesses: 1. Board of directors considered and approved Standalone Audited Financial Results along with Auditor's Report thereon for the half year ended and year ended 31% March, 2020 as per Regulation 33 of the SEBI (LODR) Regulations and as per the provision of section 134,179(3) (g) of the companies act,2013 and other applicable provision, if any. The copies of the audited Financial Results for the half year ended and year ended 31“March, 2020along with Auditor's report thereon are enclosed. 2. Board of directors considered and approved the recommendation of final dividend @ 3% i.e.Rs. 0.30/- only per equity share of face value of Rs.10/- each fully paid-up for the financialyear ended on March 31,2020, Subject to approval of the members in the ensuing AnnualGeneral Meeting of the Company. 3. Appointment of Mr. Sahil Patel as a Chief Financial Officer of the Company. The Board Meeting Concluded at 4,40p.m. Kindly take the above information on your records. Thanking you, Yours Faithfully, (DIN: 00399467) Corporate Office : 6,8,10,12 Hex on Arcade, Nr. Jayaben Modi Hospital, Valia Road, G.I.D.C., Ankleshwar-393002 Ph. 02646-226559 Fax: 02646-227559 Website: prolife-group.com
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P r O l l fe Panoli Industrial Estate, Industries...1 Plot No. 213, GIDC, P r O l l fe Panoli Industrial Estate, Industries Ta. ae Ankleshwar, PROLIFE Limite d CIN NO. L24231GJ1994PLC022613
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1 Plot No. 213, GIDC, P r O l l fe Panoli Industrial Estate,
Ta. Ankleshwar,
Industries ae PROLIFE Limite d
CIN NO. L24231GJ1994PLC022613
Date: 30.06.2020
To,
The Manager-Listing Department,
The National Stock Exchange of India Limited,
Exchange Plaza, NSE Building,
BandraKurla Complex,
Bandra East,
Mumbai-400 051
Dear Sir/Madam,
Ref: Ref: (SYMBOL: PROLIFE, ISIN :INE994V01012)
Sub: Intimation of Outcome of Board Meeting under SEBI (Listing Obligation and Disclosure
Requirement) Regulations, 2015
With reference to the above subject, we herebyinform youthat the Board of Directors of the Company
at its meeting held onTuesday,30"June,2020which commenced at 4.00 p.m. inter-alia approvedthe
following businesses:
1. Board of directors considered and approved Standalone Audited Financial Results along with
Auditor's Report thereon for the half year ended and year ended 31% March, 2020 as per
Regulation 33 of the SEBI (LODR) Regulations and as per the provision of section 134,179(3) (g) of
the companies act,2013 and other applicable provision, if any. The copies of the audited Financial
Results for the half year ended and year ended 31“March, 2020along with Auditor's report thereon are enclosed.
2. Board of directors considered and approved the recommendation of final dividend @ 3% i.e.Rs.
0.30/- only per equity share of face value of Rs.10/- each fully paid-up for the financialyear ended
on March 31,2020, Subject to approval of the members in the ensuing AnnualGeneral Meeting of
the Company.
3. Appointment of Mr. Sahil Patel as a Chief Financial Officer of the Company.
The Board Meeting Concluded at 4,40p.m.
Kindly take the above information on your records.
sont Bihari Shah & Ca. Partner 2 M : 98250 61032 Chartered Accountants
INDEPENDENT AUDITOR’S REPORT
To,
Board of Directors
Prolife Industries Limited
Ankleshwar
Report on the audit of the Standalone Financial Results
Opinion
We have audited the accompanying standalone half yearly financial results of Prolife Industries Limited (the company) for the half yearly ended 31/03/2020 and the year to date results for the period from 01/04/2019 to 31/03/2020, 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 these standalone financial results:
i. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
ii. give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards and other accounting principles generally accepted in India of the net profit/losss and other comprehensive income and other financial information for the half yearly ended 31/03/2020 as well as the year to date results for the period from 01/04/2019 to 31/03/2020.
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 Standards 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 Companies Act, 2013 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 opinion.
Our opinion is not modified in respect of this matter.
4" Floor 408 To 411 Vraj Valencia, Behind Mahindra Show Room, Near Sola Flyover, S. G. Highway, wee
2 Management’s Responsibilities for the Standalone Financial Results
These half yearly financial results as well as the year to date standalone financial results have been
prepared on the basis of the interim financial statements. The Company's Board of Directors are
responsible for the preparation of these financial results that give a true and fair view of the net profit/loss
and other comprehensive income and other financial information in accordance with the recognition and
measurement principles laid down in Indian Accounting Standard 34, ‘Interim Financial Reporting’
prescribed under Section 133 of the Act read with relevant rules issued thereunder 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 design, implementation and maintenance of adequate internal
financial controls that were operating effectively for ensuring the 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 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 are also responsible for overseeing the Company's financial reporting process.
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 is 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
skepticism 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, but not for the purpose of expressing an
opinion on the effectiveness of the company’s internal control.
e Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by the Board of Directors.
e Conclude on the appropriateness of the 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 Company's ability to continue
as a going concern. 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 financial results or, i
disclosures are inadequate, to modify our opinion. Our conclusions are based on/thes
evidence obtained up to the date of our auditor’s report. However, future events or c ditions mi
cause the Company to cease to continue as a going concern. f/FRN-
e Evaluate the overall presentation, structure and content of the standalone financial results, including the disclosures, and whether the financial results represent the underlying transactions and events in a manner that achieves fair presentation.
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.
For BIHARI SHAH & CO.
Chartered Accountants
Firm Registration No.119020W
awe Sea,
Place: Ahmedabad Hardik B. Shah Date : 30/06/2020 Partner
98 Membership No. 119568
— UDIN : 20119568AAAABI1256
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‘ON NID
GALINIT SATALSNGNI FATTOUd
PROLIFE INDUSTRIES LIMITED protite CIN NO. L24231GJ1994PLC022613 SS iodesee
Condensed Statement of Assets and Liabilities
Standalone Statement of Assets and Liabilities
As at 31/03/2020) As at 31/03/2019, Particulars AUDITED AUDITED
|A_EQUITY AND LIABILITIES
1 Shareholders’ funds
(a) Share capital 4,09,40,800.00 4,09,40,800.00
(b) Reserves and surplus 11,92,15,593.11 8,03,07,734.90