TOYAM INDUSTRIES LIMITED [Formerly Ojas Asset Reconstruction Company Limited] CIN: L74110MH1985PLC285384 www.toyamindustries.com Date: 14/09/2020 To, The BSE Limited, Floor - 25 ,P.J. Tower, Dalal Street, Mumbai-400001. The Metropolitan Stock Exchange of India Limited, Viobgyor Towers, 4 th Floor, Plot No. C-62G-Block, Opp. Trident Hotel, Bandra Kurla Complex, Bandra (E), Mumbai-400098. REF : ISlN: INE457P01020, SECURITY CODE: 538607, SECURITY, ID:TOYAMIND SUB : Outcome of Adjourned (07/2020-21) Board Meeting held on Monday, 14 th September, 2020. Dear Sir/Madam, The meeting of the Board of Directors of the Company was convened on 11 th September, 2020 to consider and approve the unaudited standalone and consolidated financial results of the company for the quarter ended June 30, 2020 along with the other agenda items, on the said date requisite quorum was not present for the meeting. Hence, the meeting was adjourned on Monday, 14 th September, 2020 and the same was communicated to Stock Exchange(s) BSE Limited & MSEI Limited vide our letter dated 11 th September, 2020. Now, We wish to inform you that Adjourned (07/2020-21) Meeting of the Board of Directors of Toyam Industries Limited held Today i.e. on Monday, 14 th September, 2020 at 04:00 P.M. at the registered office of the Company Situated at 503, Shi Krishna Complex, Opp. Laxmi Industrial Estate, New Link Road, Andheri (W) Mumbai (MH)-400053, has transacted the following matters: 1. Pursuant to Regulation 33 of SEBI (LODR) Regulation, 2015, considered and approved the unaudited standalone and consolidated financial results of the company for the quarter ended June 30, 2020. 2. Considered and approved the Limited Review Reports on the Financial Results of the company for the quarter ended June 30, 2020. Registered Office:503, Shree Krishna, New Link Road, Opp.Laxmi Industrial Estate, Andheri (W), Mumbai-400053, Maharashtra/E-Mail: [email protected]Contact: 91-22-67425111/ 91-22-62364442/43
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REF : ISlN: INE457P01020, SECURITY CODE: 538607, SECURITY, · 2020. 11. 28. · 503, Shi Krishna Complex, Opp. Laxmi Industrial Estate, New Link Road, Andheri (W) Mumbai (MH)-400053,
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TOYAM INDUSTRIES LIMITED
[Formerly Ojas Asset Reconstruction Company Limited]
The Metropolitan Stock Exchange of India Limited, Viobgyor Towers, 4th Floor, Plot No. C-62G-Block, Opp. Trident Hotel, Bandra Kurla Complex, Bandra (E), Mumbai-400098.
REF : ISlN: INE457P01020, SECURITY CODE: 538607, SECURITY, ID:TOYAMIND SUB : Outcome of Adjourned (07/2020-21) Board Meeting held on Monday, 14th September, 2020. Dear Sir/Madam, The meeting of the Board of Directors of the Company was convened on 11th September, 2020 to consider and approve the unaudited standalone and consolidated financial results of the company for the quarter ended June 30, 2020 along with the other agenda items, on the said date requisite quorum was not present for the meeting. Hence, the meeting was adjourned on Monday, 14th September, 2020 and the same was communicated to Stock Exchange(s) BSE Limited & MSEI Limited vide our letter dated 11th September, 2020. Now, We wish to inform you that Adjourned (07/2020-21) Meeting of the Board of Directors of Toyam Industries Limited held Today i.e. on Monday, 14th
September, 2020 at 04:00 P.M. at the registered office of the Company Situated at 503, Shi Krishna Complex, Opp. Laxmi Industrial Estate, New Link Road, Andheri (W) Mumbai (MH)-400053, has transacted the following matters:
1. Pursuant to Regulation 33 of SEBI (LODR) Regulation, 2015, considered and approved the unaudited standalone and consolidated financial results of the company for the quarter ended June 30, 2020.
2. Considered and approved the Limited Review Reports on the Financial Results of the company for the quarter ended June 30, 2020.
Registered Office:503, Shree Krishna, New Link Road, Opp.Laxmi Industrial Estate, Andheri (W), Mumbai-400053, Maharashtra/E-Mail: [email protected]
[Formerly Ojas Asset Reconstruction Company Limited]
CIN: L74110MH1985PLC285384
www.toyamindustries.com
Aforesaid Board Meeting Commenced at 4.00 P.M. and Concluded at 4.40 P.M.
Please take the same on your record and acknowledge the receipt of the same. Thanking you, Yours Faithfully, For Toyam Industries Limited Sd/- Pooja Chauhan Company Secretary ACS-48019 Enclosed : (a)Unaudited Financial Results (Standalone and Consolidated) (b) Limited Review Reports for Unaudited Financial Results (Standalone and Consolidated)
Registered Office:503, Shree Krishna, New Link Road, Opp.Laxmi Industrial Estate,
1. The above unaudited standaLone financial results were subject to limited review report by thestatutory Auditor of the company, reviewed by Audit Commiifee and the same has beenapproved by the Board of "rectors at their meethg held on Monday, 14th September, 2020.
2. Figures for the Previous period have been regrouped/rerlassified to confirm to the figures ofthe cunent period.
3. This Financial statement has been prepared in accordance with the Companies IndianAccounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013 readwith Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and Compames(IAS)Amendment Rules, 2016 and other recognised accounting practices and policies to theextent applicable.
4. World Health Organisation (WHO) declared outbreak of Coronavirus Disease (COVID-19) a
global pandemic on March 11, 2020. Consequent to this, Government of India dedaredlockdown on March 24, 2020 which has impacted the business activities of the Company. Onaccount of this, the Company has prepared cash flow projections and also, assessed therecoverabmty, contract assets, factored assumptions used in annual impairment testing ofgoodwiu and intangible assets having indefinite useful life, using the various internal andexternal information up to the date of approval to these financial results. On the basis ofevaluation and current indictors of future economic conditions, the Company expects torecover the carrying amount of these assets and does not anticipate any impairment to thesefinancial and non-financial assets. The Company will continue to closely monitor any materialchanges to future economic conditions.
P]aee: MunbaiDi- :i4ro9xp
Managing Director` ` ` j`r] \DIN: 01976253
Pegistered Office: 503, §hri Krishna, New Link Poad, Opp. Laxmj Industrial Estate,Andheri [\/\/I, Mumbai400 053, Maharashtra. I E-mail: infcienoyamindustries.com
UDIN: 20124889AAAABO6963 Dated: 14th September 2020
Independent Auditor’s review report on Standalone Unaudited Quarterly Financial Results of the Company pursuant to the Regulation 33 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 (as amended)
To Board of Directors of M/s. Toyam Industries Limited
1. We have reviewed the accompanying statement of standalone unaudited financial results (‘Statement’) of M/s. Toyam Industries Limited (‘the Company’) for the quarter ended 30th June 2020, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure requirements) Regulation 2015, as amended. (“the Listing Regulations”)
2. 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 report on these financial statements based
on our review of the Statement, which has been prepared in accordance with the recognition
and measurement principle laid down in Indian Accounting Standard 34, Interim Financial
Reporting (‘Ind AS 34’), specified under section 133 of the Companies Act, 2013, the applicable
SEBI Circular (as amended from time to time) and regulations (hereinafter referred to as ‘the
SEBI Circular’) and other accounting principles generally accepted in India.
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 financial statements are 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 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. We have not performed an audit and accordingly, we do not express an audit opinion.
4. Opinion:
Based on our review conducted as stated above, nothing has come to our attention that causes
us to believe that the accompanying statement of standalone unaudited financial results prepared
in accordance with recognition and measurement principle laid down in Ind AS 34, prescribed
under Section 133 of the Companies Act, 2013, the SEBI Circular, and other accounting
principles generally accepted in India, policies 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
cONsOL[DATED FT NANaAL REsul;Ts FOR THE QUARTER ENDED 3 0.06,2020BSE CODE : 538607 MSEI SYMBOL : TOYAMIND
Sl..No, pArmcuLARs
Quarter End ed Year Ended30.06.2020 31.03.2020 31.03.2020lJnaiidited I UmLidlted I Audifed
flll Lakl'sl
123456789101112 Income frolll Ot}erations 22.59 '15.331 189.57
Other into me 7.51 0.84 19.45
Total Revenue 30.10 '14.491 209.02Exnendltul`erat Costofmaterials consumedrbl Pt[rchase of stock in Trade(c) oranges in iT.ventories or I.`inishea goods,Worlt-ill-oroacss & Stock in Trade
Profit/rLoss) I.efol.e Tax and Exceptional items5J)O (86.76) 10.40
ExceDtlonal ltezusP].ofit/fliossl from ordinary actMtles I)efore tax 500 '86.76, 10.40Tax Exnenses/al Cu-tTax 1.04 1.84 1"fbi MAT creditentltlement '1.041 fl.841 rl.841
rcl Income Taxforearliervears a.12 0.12
fdl DeferndTar rl.691 0.69 ro.351
Net profit/flossl fol. tl)e Period 669 f87j61 10.64OnercomDrehengiv.Income/floss)Fair value chanEes of the eauitv instruments thTOLich OCI r2.291 r2.97| r26.681
Incometaxrclatingtoltemsthatwillnotbere<lasslfiedto Droflt or loss
Items that will be re-classifLed Profit or loss
Income Cax relating tD items that will be re-classified toprofit or loss
Total Cotnprehensive hco me/(loss)4J40 (90j3) (16.03)
Registered Office: 503, §hri Krishna, New Link Boad. Opp. Laxmi Industrial E§tate,Andheri [W|, Mumbai400 053, Maharashtra. I E-mail: infoenoyamindustries.ccim
Contact: 91-22€7425111 / 91-22-62364442/43
innTOYAM INDUSTBIES LIMITED
CIN: L74110MH1985PLC285384wwwtoyamindu§trie§.com
Notes:
1. The above unaudited consolidated financial results were subject to limited review report bythe statutory Auditor of the company, reviewed by Audit Committee and the same has beenapproved by the Board of Directors at their meeting held on Monday,14thseptember, 2020.
2. Figures for the Previous period have been regrouped/re{lassified to confim to the figures ofthe ourrent period.
3. This Financial statement has been prepared in accordance with the Companies IndianAccounting Standards (Ind AS) prescribed under Section 133 Of the Companies Act 2013 readwith Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and Companies(IAS)Amendment Rules, 2016 and other recognised accounting practices and polides to theextent apphicable.
4. World Health Orgarisation (WHO) declared outbreak of Coronavirus Disease (COVID-19) aglobal panderfuc on March 11, 2020. Consequent to this, Government of India dedandlorkdown on March 24, 2020 which has inpacted the business activities of the Company. Onaccount of this, the Company has prepared cash flow projections and also, assessed therecoverabhity, contract assets, factored assumptions used in annual impairment testing ofgoodwill and intangible assets having indefinite useftil life, using the various internal andexten.al information up to the date of approval to these financial results. On the basis ofevaluation and culTent indictors of future economic conditions, the Company expects torecover the carrying amount of these assets and does not anticipate any impairment to thesefinancial and non-financial assets. The Company will continue to closely monitor any materialchanges to future economic conditions.
Place: MunbaiDate :14ro9xp
DIN: 01976253
Plegistered Office: 503, Shri Krishna, New Link Ftoad, Opp. Laxmi Industrial E§tate,Andheri (W], Mumbai400 053, Maharashtra. I E-mall: infoenoyamindustries.com
UDIN: 20124889AAAABP7281 Dated: 14th September 2020
Independent Auditor’s review report on Consolidated Unaudited Quarterly Financial Results of the Company pursuant to the Regulation 33 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 (as amended)
To Board of Directors of M/s. Toyam Industries Limited
1. We have reviewed the accompanying statement of unaudited consolidated financial results (‘Statement’) of M/s. Toyam Industries Limited (‘the Holding Company’) and its subsidiaries (the Holding Company and its subsidiaries together referred to as the Group) for the quarter ended 30th June 2020, being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure requirements) Regulation 2015, as amended, including relevant circulars issued by SEBI from time to time. (“the Listing Regulations”)
2. This statement is the responsibility of the Holding Company’s Management and has been
approved by the Holding Company’s Board of Directors. Our responsibility is to issue a report
on these financial statements based on our review of the Statement, which has been prepared
in accordance with the recognition and measurement principle laid down in Indian Accounting
Standard 34, Interim Financial Reporting (‘Ind AS 34’), specified under section 133 of the
Companies Act, 2013, 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. This
standard requires that we plan and perform the review to obtain moderate assurance as to
whether the financial statements are 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 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. We have not performed an audit and accordingly, we do not express an audit opinion.
We also performed procedures in accordance with the applicable circular issued by SEBI under regulation 33(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extant applicable.
4. Opinion:
(i) Based on our review conducted and procedures performed as stated above and based on
the consideration of unaudited financials of one Subsidiary provided by the management,
nothing has come to our attention that causes us to believe that the accompanying statement
of unaudited Consolidated financial results prepared in accordance with recognition and
measurement principle laid down in Ind AS 34, prescribed under Section 133 of the
Companies Act, 2013, the SEBI Circular, and other accounting principles generally
accepted in India, policies 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