@)Vardhman

Vardhman VARDHMANACRYLICS LIMITEDDelivering Excellence. Since 1965. CHANDIGARH ROAD

LUDHIANA-141010, PUNJAB

T: +91-161-2228943-48

F: +91-0161-2601048, 2220766

E: secretarial.lud@vardhman.com

Ref.VAL:SCY:NOV:2019-20

The National Stock Exchangeof India Ltd,

“ExchangePlaza,

Bandra-Kurla Complex,

Bandra (East),

MUMBAI-400051

Scrip Code: VARDHACRLC

SUB:DISCLOSLJRE UNDER REGULATION30 & 33OF SEBI LISTING OBLIGATIONS

Dear Sir,

Pursuant to Regulation 30 read with Part A of Schedule III and Regulation 33 of SEBI(Listing Obligations and Disclosure Requirements), Regulations 2015, we are enclosingherewith Un-Audited Financial Results of the Companyfor the quarter/ half-year ended30° September, 2019 together with Limited Review Report as approved by Board ofDirectors in its meeting held on 2"¢ November,2019.

The meeting of the Board of Directors commenced at 10:00 a.m. and concluded at2.30 p.m.

Kindly note and display the notice on your notice Board for the information of themembersof your exchange and general public.

Thanking you,

Yoursfaithfully,

For VARDHMANACRYLICS LIMITED

soe SR

(Satin Katyal) (2(CompanySecretary Se

NYG ca

YARNS | FABRICS | THREADS | GARMENTS | FIBRES | STEELS

PAN NO.: AAACV7602E CIN: L51491PBI990PLCOI9212

WWW.VARDHMAN.COM

60'ySve

aye

oot

60°%ee"

pana

(q)

6t'

sve

are

Z9o'T60°%

eel

aseg(e)‘(peztpenuue

jou)(‘sy

ut)(yowe

-/O1“sy

jo)areYsJogSduTUIeg)

ZT

seatSuNunosoesnotaaid

Joyeaygsoueyeg

62°€S%

Jadse

saarosayuoQEenyeaayBZurpnjoxe

saresay]TT

9¢'089£'08

9€°089¢°08

9£°089£°08

fereyssad

-/oT‘sy

anyeaeoey)

fendeDAmby

dn-pred]oO1

gso"eebest

9P°LS

ZO’eT

6L°9T

L9°0T

(g+2)awosu!aAjsuayasdwog

je}OL]6

(¢3"0)2

=.

:(sso7)

saWosuU!

aAsuaYyaIdWOD4ayIO}

6b'bepest

SP°LEzoel

6L'9T2L9°OT

(9-s)xey

reye(ssoq)/1Y01g

ON]ZL

(60°0)00"!

(28°)110

(62°0)(g0°2)

XBLpatiajaq

eeal

SPs

8e'9

Otb

6L'S6S°0

xByJueLND

(g:ouaj0uszjay)esuadxg

xey}|9

ET

6L°ve46°08

SELT

6L°TZ816

(bp-¢)

xeLerojaq

(sso)/ayorg]

Ss

=te

==

=-

.suraj]jeuoNndeoxq|

+

eL"ov

6L°ve

26°0¢

SeLt

\6L°1T

8I'6

(z-1)xeypue

sutaj]jeuondaoxeo1ojaq

(sso7)/IYoIg]¢€

86°69

Ep'pet

Le°6rt

L6°SOT

61°69

8c°038

sosuodxg

[e30],

£0°8%

06°GI

60°S1

eso

a9

96°S

sosuodxgroIno|(y

+0

610

90°0O10

S0'0z0'0

ysopsoueuty|

(3

L6°€%

LEC

89eT

Z8°9Bro

OoL

Teng

2gJaMog](F

Ors

ors

19%

Tat

oT

Tel

asuedxguonesniourypue

uonsideideqg|(a

LS°¢1

OoL

6S°L

LOE

69°€06's

sasuodxgsyyouegseAoqdurg|

(p

apes}-UT-

490}spuessaiZo1d

ul-sy10M

Ber

ore

(29°S1)srt

(22°)(06°9)

‘spoonpeystury

JoSaLo}UaAU]

UTasuEyD|

(9

Le'>

Leb

5Leb

-<

apeILUT

-Sx90IgJo

aseyoing](q

TE"S8%

90°%ST

TL'62T

Z8'°08ce'09

62°89

pauinsuogsfeLaiepy

JoSOD]

(eB.

sasuodxg|

Z

TL'oTv

ZS"6TS

bp'ost

O€"EZT

86°06

9P'68

suopeiodouroyamoouyyezOL

SL'vG

TES

brit

z3°SOL>

bL'9

auoouSuneiedoJamo}

(G

96°T6E

16912

00°69T

SPLIT

82°98

GLB

suoneisdgwor

aurosul/safessso1p}(e

(suorjeiodg

wro1rysuroaul|

|

pezipny

pezIpreuy

PpesIpneryn

peypreuy

peypreuy

peppnecy

610z‘WorBWIFIE

|stoz‘3d9sWIoe

§=jeTOs'3desYi0e

=|

BLOT

saqurazdeg6T0zeune

6107!4aquieydas

pepug2u04

papus1v2XJIRH

papus1492JIEH

4I0€pepug

szszreENnHq30€P2PUAs932uNH

YI0ePIPU

39727"uNosrelnoyjzrEd

SdIOIDUV"sy

WOOUBUIYPIEADpH][VrVypoIIVsw]IHWI

WooUEUIYPIEAMAMZdzISGOM

ATOOLAOVVY‘NVd

‘ZIZ6LOO10661AATSPTST(NID)29quIMN

431;HAPIa3eI0d109

6107

‘zequrazdegYO

PIPUDawajyeyypuer9z;IENH9Y}

JOJS}]NSOYTePOUeUTYpa}rpneuy

OLOLPI-EUBYpNT‘pyoy

YAESIPUBYD: WUTC“PB

G11SONTAUDVNVINTOUVA

VARDHMAN ACRYLICS LIMITED

BALANCESHEETAsat 30th September, 2019(Rs. in Crores)

Particulars Asat 30th As at 31st March

September, 2019 2019

ASSETS (Unudited) (Audited)

1 Non-currentassets

(a) Property, Plant and Equipment 49.23 51.59

(b) Capital work-in-progress 0.99 0.03

(c) Right of Use Asset (Refer Note-4) 11.55 -

(d) Intangible Assets - -

(e) Financial Assets

-Investments 61.02 58.34

-Loans 0.00 0.00

-Others financial assets - -

(f) Other non-current Assets 0.47 11.98

Total of Non-current assets 123.26 121.94

2 Currentassets

(a) Inventories 78.96 76.37

(b) Financial Assets

- Investments 206.53 225.62

-Trade receivables 15.69 15.60

-Cash and Cash Equivalents 33.60 2.50

- Loans 0.02 0.01

-Otherfinancialassets 0.11 0.30

(c) Current tax assets (net) - -

(d) Other currentassets 12.38 10.98

Total of Currentassets 347.29 331.38

TOTAL OF ASSETS 470.55 453.32

EQUITY ANDLIABILITIES

Equity

(a) Equity Share capital 80.36 80.36

(b) Other Equity 256.52 253.29

Total of Equity 336.88 333.66

Liabilities

1 Non-currentliabilities

(a) Financial Liabilities

-Borrowings - -

-Otherfinancial liabilites - =

-Leaseliability (Refer Note-4) 0.00

(b) Provisions 0.49 0.51

(c) Deferred tax liabilities (Net) 16.73 19.60

(d) Other non-currentliabilities 0.09 0.08

Total of Non-currentliabilities 17.31 20.18

2 Currentliabilities

(a) FinancialLiabilities

-Borrowings 0.15 0.75

-Trade payables

(i) Total outstanding dues of micro

enterprises and small enterprises 0.37 0.30

(ii) Total outstanding dues of creditors other

than micro enterprises and smallenterprises. 54.53 68.27

-Otherfinancial liabilities 25.21 5.98

(b) Othercurrentliabilities $.55 1.04

(c) Provisions 0.10 0.10

(e) Currenttax liabilities (net) 30.45 23.04

Total of Currentliabilities 116.36 99.48

TOTAL OF EQUITY AND LIABILITIES 470.55 453.32

VARDHMAN ACRYLICS LIMITED

Regd. Office : Chandigarh Road, Ludhiana-141010

Statement of Cash Flows for the six months ended September 30, 2019(Rs. in Crores}

Six Month Ended Six Month Ended

Particulars September 30, 2049 September30, 2018Unaudited Unaudited

Net cashflow from operating activities

Net Profit before Tax 30.97 34.79

Operating profit before working capital changes 22.50 28.98

A) Net cash generated from operating activities 5.24 23.98

B) Net Cash from/{useq)in investing Activities 26.49 (12.50)

C) Net cash (used)in financing activities (0.63) (13.30}

Net increase/ (decrease) in cash and cash

equivalents (A+B+C) . ele aeAdd: Cash and cash equivalents as at 4.77 4.09

beginning of the year

Cash and cash equivalents as at end of the 32.87 2.27

period

Ww

Aa DORKSfs NOs

(z0j007qZuyZeuyyy)

Aruypnoyoya

2measniny

2aon1g

6LOTIVO?VEG

"S10z

‘SuonEnsoy(

bay1251

pursuonesyGO

Sunsr}){asJO

voLfeMFoy19d

sessoypmyAomeg

Aqpamotaas

UIIqDANY

6{OZ

J9quId}dagIOC

pepursedt

yyypu

JoeENbJoy

syNso2UL

‘610711'ZO

VOPj>y

Sunooursy

ursynsos

svogeom

poaosddesey

s10}9931qJO

prwog2yL

‘4

“2quredmmosmay}oyu

0}Aressodou

Ja,079qm4‘padnoaspseoasu2eq

aaryspotsdsnoraaad

203samBiy

“9

spesordde

Aone

22tnopuv

29820op

Urpoaojaut

saiuuduzodsip

|[BJO

SJonpayda

ss2quioUWoy

feroaddeAmssaoou

oFyo9fqns

$1OWAYPS2YL“OZOT

“|[UdyOq

[lMaussYas

dtpJoy

O1epporutoddy

oy,(Auuduioo

sosaystrel])Poyun']

SopsxayUrUTpIEA

josueyayy

Aq‘Kuedwo>

Surpjoyowt

(sotuedinosJossysuT11)

pay]Auedwo5quouuryoguiyssiy

urwupreA

pur‘pommn]

sjuaunssauyLA

‘permuryAuedwoySuruurds

LA

souepisqnsMo]}95

supue

Auedwos

supysSuowr

‘poyjoutwsasdquT

JoSumood

sadseWy

CLOTepJo

Suorstaosdoiqroydde

sainopuw

CLOzWy

soiredwodop30

ZeT01

OCTSHONIS9g spun

( DtIDqDS.,24)

TEUTYJO

awayog vporoadde

sey6{OZ

‘60INS

vOyay

Sunsow$71 U

t‘ssoIDANIG

JOPIO

ML L"S

sauysJod

sSurusespur

poisedoun 403 wood

apwo

peusieurjou

st voNdopesitn FO

3999SUL

“LIOSSY257]

JOIYSNY,0SISSYIO,Woy

payissejoasuIIq

SuYSAI0I9

EO

TLSY

“OTLSV

PurSursidde

‘sasea]Sunwsado

sepayzsse]d

asomyoy

soso]Jo

yadsouus

“Jayiny“91qiSy]Sau

stunoure

Inq6107

‘|[Udy

18se

pastuToda299q

Sey,SoNTTIGEN]

WeaT,

Surpuodsauosepur

,yssvasJoSry,‘voNsueN

UG

“parsnfpeAjoanoadsosjas

uIIqJOU

DARYBLOT

“1

YOIETWpopu

svokpu

gIOZ‘OE

Jaquinydagpapua

IwaXJeypuE

ssoLENbom

JoysaaneIeduIND

“A/Surpsodoy“AipIquy

Bsa]Oy

0}enbs

wmoure

ueie

(QOy)3268e

257)-J0-ryTrYostuSodIJ

07UONdoUOISURNoy)

YIMSuope

poyyoutsansedsonal

payrpowanStas6107

"|[UdywoSunsixe

syoenUd

osv9][ju

0)perdde

‘s2svaq,911

SyPU]

paidopesey

AuedwoDm7‘6107

“1Pedysanreny>

wondosip

Sugenjeasjo

ssaoosdop

ulApuauins

st Acedwo>ax]

“suonspuoourep29

03yoeigns

“6107Id

TOF2™

SELI'ST IOBEI

peonporie

xey,aresodiog

Aed0}

uondoue

saiueduiooonsowop

sapiaosdYyamyas

"196|TOY

XBLBwWOIU]

O=PUEYWAST

1UORIeg

Pauesut‘610Z

2uTUTPIO(jUoUpUsUTY)

smeTLONEXE]

atpOpIA

“epUyjo

Te2UNUIA0Doy

"G6 10ZJ2quiaidag

I9zUE

(11)

.“soyenb

jauns

ursSueys

siyyJo

yedun

Apway

seyAuedwioo

ayy ‘eadTEIDUEUL

WAMFIM

%pS'pe

JOPLAISUl

%Z1GT

JOH1BI

XE}ayesodsod

aANdayIoJo}

BIqISt}>ewWOD>q

seyAUdWODOR

G1OZ"|nnyyp

(Z’ON)Vy

oduEUTYapIA

[OGIW

XBLSwOdUT

utjeUpuawe

o}ong

(I}¢

“Sopunazayypansst

Sry

UEAd|OIIEMA

pearCTOT

WY

SeruedwoDapJo

¢¢1VONIes

J9punpoquosaad

se(, S

ypul,)

SprepurysSugunosseuerpuy

ijuadourpsosoe

utpazedasd

useqsary

synsespeloueuy

WEGIOT

“6ZUE

PEP610/PF/1CWD/GADAUD

-BINaND[TAS

HW

peas*pspusure

sv‘¢1 Oz

‘suonepSay(swawasndsy

ensopsigpur

suonedyqOBuysiy)

iaasjo

EEvoNwnToy

utpaquosaad

sesi

symsosA[aprenb

soyUNOSOy

“Zi

‘s1ozs9my

(sprepurigSununossy)

saiucdwozop

Aqpoynow

,wouagSued,

gor-(SVPUI)

spxzpurigSuntMosoy

UErpU]Aq

posMbexsv

yuouBesajqeuioday

ous}oxy

‘A[Surpiosowpure

aig

o1|A1oyJo

1uaUZsDUO

AjuOsey

AuLdWODouL

“]

"SALON

MOOUVIBYPIBAYPN]

[epUzosIoasJeu

WoouvwiypreaMmmioysqay

AZOOLAOVYV‘NVd

‘ZIZ6TOOTO6ETAATEPTS7

-(NIO)29quinyAyHUApP]azusodi05

610%‘s9quiszdegYIOSPOpus

zvoddJBHpus39z7eNHoy}203sz[Nsoy[wjoueUTyZpozypnyuy

OLOTFI-eUBlYypN’y‘progyavsipusyD

23dJO“PSU

QLSOVIAYOVNVINHGUVA

.

. B-XIX-220, Rani Jhansi Road,

SCV & Co. LLP Ghumar Mandi, Ludhiana-141 001€ CHARTERED ACCOUNTANTS E_ : ludhiana@scvindia.com

T : +91-161-2774527

M : +91-98154-20555

INDEPENDENT _AUDITOR’S REVIEW REPORT ON THE QUARTERLY UNAUDITED

FINANCIAL RESULTS OF VARDHMAN ACRYLICS LIMITED PURSUANT TO THE

REGULATION 33 _OF THE SEBI_(LISTING OBLIGATIONS AND DISCLOSURES

REQUIREMENTS) REGULATIONS,2015, AS AMENDED

Review Report to

The Board of Directors

Vardhman Acrylics Limited

1. We have reviewed the accompanying statement of unaudited financial results of

VARDHMANACRYLICSLIMITED(“the Company”), for the quarter and half year ended

30th September, 2019 (“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 amended read with SEBI circular No

CIR/CFD/CMD1/44/2019 dated 29" March,2019.

2. 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 the Indian Accounting Standard 34 “Interim Financial

Reporting" ("Ind AS 34"), 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 ourreview.

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 Auditorofthe Entity’, issued by the Institute of Chartered Accountants ofIndia.

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,

ic

Chartered0Accountants

SCV & Co. (formerly known as S. C. Vasudeva & Co.) Regd. Office : B-41, Lower Ground Floora partnership firm converted to SCV & Co. LLP Panchsheel Enclave, New Delhi-110017a limited liability Partnership with LLP Identification T : +91-11-26499111 ,No. AAM-5565, w.e.f. 3rd May, 2018 W : www.scvindia.comICAI Registration Number is 000235N/N500089

Based on our review conducted as stated in paragraph 3 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 the applicable Indian

Accounting Standards (‘Ind AS') specified under Section 133 ofthe Companies Act, 2013 as

amended, read with relevant rules issued thereunder 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 mannerin whichit is to be disclosed, or thatit

contains any material misstatement.

For SCV & Co. LLP

Chartered Accountants

FRN 000235N/N500089

Place: GurugramDate: 02"? November, 2019

UDTN No: - I968fo SG AAARAKM 2369

M.No. 086066