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D Texel ~ Industries
Limited
Block No. 2106, Santej-Khatraj Road , Santej, -382 721. Dis!.: Gandhinagar. Gujarat, INDIA CIN : L291 00GJ1989PLC012576 Tel. : 08980026110, 08980026220 , Fax: (02764) 286334 E-mail: info@geotexelin .com, URL : www.geotexelin .com
STATE1\'1ENT OF STANOA LON ": FINANCIAL RESU LTS FOR TilE QUARTEI~ AND YEAR ENDE D 31ST MARCI-I, 20 19
SI.NO. Quarter Ended Pllrticulars 31.03.2019 31.12.2018 31.03.2018
(Audited I (Una udited) (Audited) I (~l) Revelllle From Operations 3.·H~5.83 2.373.31 2.663.73
(b) Other Income 32.74 1.1l2 ,)9.03
2 Total Income 3,518.57 2,374.33 2.712.76 .1 EXPENSES
Cost of materials consumed 1.384.0~ 1.515.35 99 1.21 Purchase:) ofStm:k-in-" rradc 8,)9.53 191.00 91~.72
Changes in illvCrllOrics of tinishcJ goods. Stock-in -'I r'1(.1\: 480.53 (19.31 ) 6-J..9X
and \\ork-in-rrogrcss E;...cisL' duty on s;.dc oi" goous · - · Employe!.: bcnclilS expense 111.20 8~ . 31 83.71 Finnncl' costs 58 .75 61 .21 ,)0.27 DqJrcd<'ltion ~lIld amorl iz.'l1ion expense 18.98 18.76 14.71 OLher C~pCIlSCS 549.88 471.27 475.16 Total exponses (3) 3,452.91 2,324.59 , . J.582.87
4 Profit/(loss) before ('Xc('ptional items ~lIld til .' (2-3) 65.66 49.74 , ' 1'29.89 5 L~;..ci,,!p!jonal Items & F).lraorJillan (0.19)
, · -
6 Profi t/(loss) before lax (4+5) 65.66 49.55 129.89 7 Income Tax c.\pcnsc:
( I ) Currl'nt tax l(d8 14.10 49.4,)
(1) Dclcrrl..'d lKX (9.57) 11.5,) (6.74)
8 Profit' (Loss) for the period from continuing opcrlH ions 58.85 23.91 87.19
(6-7)
9 Profit /(loss) from discontinued operations - · · 10 Ta>.. cxpcnSl' of LiiscOnlilll1cJ operations · · ·
II Profit/(Ioss) from Discontin ued openltions (:lftrr tax) (9-· · -
10) 12 Profitl(loss) for Ihe per iod (8+11) 58.85 23.91 87.19 13 Othel' Comprehensive Income/expense
A Ii) Items that will not be rcdussi ned to profit 01' loss 50.71 - ( 1.26) (ii) Im:OIl1l: lux rdating lo items that will not be redassilicd
((UO) - ((J..j I) to profit or loss
n (i) Items thm H'i!! be reclassified to profit or loss · · · (ii) Income tax rcl:.lting to item s that will be rc-cbssificd to
- · lorofit or loss
14 Total COntl)rehcnsivc Incollle for th{" per-iod (12+ 13)
(Comp r ising P"ofit / (Loss) and OthCl" Comprehensive 109.36 23.91 8552
Income for ' he period) 15 Paid up equit~' sharl' capi1:iI (Fate "Hlue of Rs. 10 cach) 522.29 522.29 522.29 16 Other cquit\' - - ·
17 E.u"nin2S pcr equity share (for continuing ollcr:Hion): ( I ) Basic (in RU l1ct:s) 2.09 0.-1.6 I.b4 (2) Diluted (ill RLipees) ::!.O9 ; 0046 1.6,)
Ea r nings ver equity sharc(for d isconti nued & tontinuing operations) (I) Basic (i n Rupees) 2.0'! 0.46 1.(,.)
(2) Diluted ( in Ru p('es) 2 .09 0.46 1.64
r§l 11 .... 1 RetI.Ho.:RQ91 11 0024
150!IOOI : 2015
(Rs in Lakhs Except EPS YC~lr Ended
31.03.2019 31.03.2018 (Audited) (Audited
11.235 .. J6 9.395.39 35.X) 56.72
11 ,27 1.1 9 9,,)52.11
6.611 .70 ~.789.53
1.'!70.9X 2.469.73
(46.97) (395AO)
- 286.77 363. 10 158.82
. 169.77 87.-1} 72.68 51. II
1.7%.04 1.480.67 10.937.30 9,028.70
333.89 423.41 ., . · ·
333.89 423.41
94.29 139.00 (11.74) ( 19.67)
251.34 30.).09
· -
· -
· -251.34 304.09
50.71 (1.26)
(0.20) (0.42)
·
· ·
30 1.85 302.40
522.29 522.29
1, 192.93 902.75
5.78 5.79 5.78 5.79
5.7g 5.79 5.78 5.79
.,
~~ - ",(JI ~ UP',t:::-
~~.~
D rexel Block No. 2106, Santej-Khatraj Road , Santej, -382 721 . Dis!.: Gandhinagar. Gujarat, INDIA CIN : L291 00GJ1989PLCU12576 ~ Industries
Limited Tel . : 08980026110, 08980026220, Fax: (02764) 286334 E-mail: info@geotexelin.com, URL : www.geotexelin.com
STATEMENT OF STANDALONE .:\SSETS AND LIABILITIES
(Rs in L:tkhs) Amount As at Amount As at
I)crticulars 31.03.2019 31.03.2018
(Audited) (Audited)
ASSETS
NonCurrent Assets
Property, Plant and Equipment 847.80 715.39
Capital Work inProgress 0.72 -
Other [ntangible assets 0.2 1 0.21
Financial Assets Investments 0.69 -Loans 38.53 -Other Financial Assets 135.85 68.76
Income Tax Assets (Net) 0.26 0.26
Other non-current assets 108.33 41.98
Total 1,132.39 826.60
Current Assets
Inventories 1,6 16. 56 1 ~36.06
Financial Assets
Trade Receivables 1,832.78 1.236.82
Cash and cash equivalents ' 2:,~ 51.67
Bank balances other than Cash and Cash Equivalents n .7 - 58.35 , 56.69 Other Financial Assets 47.74
Other Current Assets 29.57 49.3 I
Tota l 3,622.04 2,788.90
TOTAL - ASSETS 4,754.43 3.615.50
EQUITY AND LlAIIILlTIES
Shareholders' Funds Equity Share Capital 522.29 522.29
Other Equity 1,192.93 902.75
Total 1,715.22 1,425.04
Non-current liabilities
Financial Liabilities
Borrowings 67.20 97.67
Other financial liabilities 7.50 7.50
Provisions 31.22 22.32
Deferred tax I iabilities (Net) 44.22 55.96 Total 150.14 183.45
Current liabilities
Financial Liabi lities
Borrowings 92.08 50.80
Trade Payables
Total outstanding dues of micro and small enterprise 15.57 -
Total outstanding dues of creditors other than micro and small 2.289.59 1,335.90
enterprise Other financial liabilities 7.58 136.78
Other current liabilities 282.55 294.04
Provisions 109.53 51.25
Liability For current Tax (Net) 92.17 138.24
Tota l 2,889.07 2,007.01
TOTAL - EQUITY AND LlAIIILlTIES 4,754.43 3.615.50
[§l 114"" R~.Ho, :RQ91 110024
150Il001 :2115
O Texel ~ Industries
Limited
Notes:
Block No. 2106, Santej-Khatraj Road, Santej, -382 721. Dist.: Gand~inagar. Gujarat, INDIA CIN : L29100GJ1989PLC012576 Tel. : 08980026110, 08980026220, Fax: (02764) 286334 E-mail: info@geotexelin.com, URL : www.geotexelin.com
[§l 114'" ResI·Ho.:RQtl I10024
1501001 : 20t5
I. The above standalone financial results have been prepared in accordance with the Indian Accounting Standards ("Ind As") as prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder.
II. The Company's business activities fall within a single primary business segment viz. "Tarpaulin and Geomembrane", the disclosure requirements of Ind AS 108 "Operating segment" prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder are not applicable.
III. The above standalone financial results have been reviewed and recommended by the Audit
Committee and approved by the Board of Directors at their meeting held on 27'h May, 2019. The
Statutory Auditors have expressed an unmodified audit opinion on the above standalone financial
results for the quarter and year ended 31" March, 2019.
IV. In accordance with the requirements of Ind AS 18, revenue for the year ended 31." March, 2019 is
net of Goods and Services Tax (GST). Revenue for earlier periods, however, is inclusive of excise
duty. The following additional information is being provided to mak~. it comparable: . \ 'I .~
> (Rs. in lakhs)
Particulars Year ended Year ended
31" March, 2019 31" March,2018 Sales (a) 11,235.36 9,395.39 Excise duty on Sales (b) 0.00 286.77 Net Sales ( c) = (a) - (b) 11,235.36 9,108.62
V. The figures for quarter ended "31" March, 2019 are the balancing figures between the audited
financial results for the year ended 31" March, 2019 and the published financial results for nine
months ended 31" December, 2018.
VI. Previous period's figures have been regrouped/rearranged wherever necessary to confirm to the
current period's classification.
Place: Mumbai Date: 27'h May, 2019
For and on behalf of the Board
T~.I '"d"~,' .. ~ __ ~"",::-..... _.
Shailesh R Meh a Managing Director DIN : 01457666
.,
Sunil Poddar & Co. Cl-1artcrc~ Accol-il-1tat1ts 1301 , Addor Aspire, Nr. Jhanvi Restaurant, Panjarapole University Road, Ambawadi, Ahmedabad - 380 015. Ph. : (0) 079-48977222·23 • Email : info@sunilpoddarca.com
Independent Auditor's Report on the Standalone Annual Financial Results of Texellndustries limited pursuant to Regulation 33 of SEBI (listing Obligations and Disclosure Requirements)
Regulations, 2015
To Board of Directors of Texellndustries limited
We have audited the accompanying Statement of Standalone Financial Results of Texel Industries Limited (the 'Company') for the quarter and year ended 31 March 2019 (the 'Statement')' being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (,Listing Regulations'). Attention is drawn to the fact that the standalone financial results for the quarter ended 31 March 2019 and the corresponding quarter for the previous year, as reported in the Statement, are the balancing figures in respect of the full financial year and the published year to date figures upto the end of the third quarter of the relevant financial year, which were subjected to a limited review, as required under the Listing Regulations.
These standalone annual financial results have been prepared from the standalone annual financial statements and reviewed quarterly standalone financial results upto the end of the fourth quarter, which are the responsibility of the Company's management and have been approved by the Board of Directors of the Company, Our responsibility is to express an opinion on these standalone financial results based on our audit of such standalone financial statements, which have been prepared in accordance with the recognition and measurement principles laid down inthe Companies (Indian Accounting Standard) Rules, 2015 issued under section 133 of the Companies Act, 2013 and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations.
We conducted our audit in accordance with the auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the standalone annual financial results are free of material misstatements. An audit involves performing procedures to obtain audit evidence about the amounts and disclosure in the Statement. An audit includes examining, on a test basis, evidence supporting the amounts disclosed in financial results.An audit also includes assessing the accounting principles used and significant estimates made bymanagement. We believe that our audit provides a reasonable basis for our opinion.
Independent Auditor's Report on the Standalone Annual Financial Results of Texellndustries Limited pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - continued
In our opinion and to the best of our information and according to the explanations given to us, the Statement:
I. is presented in accordance with the requirements of Regulation 33 of the SEBI (listing Obligations and Disclosure Requirements) Regulations, 2015 in this regard; and
II. gives a true and fair view in conformity with the aforesaid Ind AS and other accounting principles generally accepted in India of the profit, including other comprehensive income, and other financial information of the Company for the quarter and year ended
31 March 2019.
Place: Ahmedabad Date: 27th May, 2019
FOR, SUNIL PODDAR & CO.
Partner M. No. 041209
,
D rexel Industries Limited
Block No. 2106, Santej-Khatraj Road, Santej, -382 721. Dist.: Gandhinagar. Gujarat, INDIA CIN: L29100GJ1989PLC012576 Tel. : 08980026110, 08980026220, Fax: (02764) 286334 E-mail: info@geotexelin.com, URL : www.geotexelin .com
STATEMENT OF CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31ST MARCH. 2019
51. NO. Quarter Ended Particulars 31.03.2019 3 1.12.20 18 31.03.20 18
(Aud ited IUnaudited) (Aud ited) I (:.I) Revellue From Operations 3,-185.83 2.373.31 2.663.73
I(b) Olher Income 32.25 1.02 -19.03 2 Total Illcomc 3,518.08 2,374.33 2,712.76 .1 EXPENSES
Cost of mate rials consumed ! .J84J14 1.515.35 991.22 Purchases or Stock-in-Trade S-I9.53 1<)1.00 91 ~.72 Chang(:s in in\'('ntorics or !inishcJ gllOds. Stock-in -'I rad .. :
4S0.53 (19.3 1 ) 6·l.98 and work-in-rrop,rcss E.\c ise Juty on sale or goods - - -Employee benelils expense 125.) I 96.73 83 .71 Finance costs 5R.75 63.21 -10.17 Ikprc<..:ialiol1 ,mel am~)ttizHlk)tl cxrcllse I H.98 18.76 14 .71 Other c'\penses 550.50 471.31 475."6 Total "I,enSfS (3) 3,467.44 2,337.05 ' . 2.582.87
4 Profit/( Ioss) before exceptional items and tax (2-3) 50.64 37.28 , j 29.89 >
5 I:.\ccptional Ilerns & E:-"lraorJinarv - 10.19) -6 Profit/( Ioss) before tax (4+5) 50.64 37.09 129.89 7 Income Tax expense:
(I) Curn.:nl laA ' 16.38 14.10 ~9.4-1
(2) Delerred tax (9.57) I 1.5-1 (6.74) 8 Profit (Loss) for the period from continuing operations
43.83 11.45 87.19 16-7)
9 Profit/(Ioss) from discontinued oncnltions - - -10 'I'ax expcnse l't' d iscontinued o]Jcraliolls - - -
I I PI'ofit/(loss) fl'om Discontinued openttions (aft('r tax) (9-- - -
10) 12 Profit/(loss) for the "eriod (8+ 11) 43.83 lIAS 87.19 13 Other Comlll'('hell sive Income/expense
:\ (i) hems thai will not be rt:dussiticd to profit or loss 50.71 - ( 1.26) (h) Income tax relating to items thai will not be rt.:elassifkd
((UO) - lOA I) to prol it or loss
Ii U) Items that \\ ill be reclassi!ied lO prolit or loss - - -(ii) Incomc lax rel ming to items that will he recbssitied to
- - -prol it or loss
14 Total COml}rehensive Income for the pedod (12+ 13) (Comprising Pl'Ofit I (Loss) a nd Other Comprehensive 94.34 lIAS 8S.S2
I tlcome for the )eriod) 15 Pa id lip equity shal'e capitlll ( Face value or Rs. 10 each) 522.29 522.29 522.29 16 Other equity - - -17 E~' .. nings pel' equity shal'e (fo r continuing operM ion):
(1) nHsic (in Rupees) I.RI 0.22 1.64 (2) Diluted ( in Ruoees) 1.81 0.2" 1.6·1 Ea l'nings p('r ('quit)· sharc(for discont in ued & (~o lltilillin.e openltion s) ( I ) Basic (in Rupees) I.Rl 0.22 1.6~
(2) Diluted (in Rupees) I.SI 0."2 1.04
~ 11 .... 1 Fteg.No.:Rotll10024
151)9001 ,2015
(Rs in Lakhs Except EPS' Year Ended
31.03.2019 31.03.2018 (A udited) (Auditfd' 11.2.i5.36 9,395.39
35.34 56.71 11,270.70 9,452. I I
6.611.69 4.789.53 1.970.98 2.469.73
(46.97) (}95AO)
- 286.77 390.57 258.82 169.76 87.47. . 72.69 51. I I
\.796.71 1.480.67 10,965.43 9.028.70
305.27 423.41 " . - -305.27 423.41
lJ4.29 1.l9.00 111.74) (19.67)
222.72 304.09
- -- -
- -222.72 304.09
50.71 (1.26)
(0.:0) (0.42)
- -
- -
273.23 302.40
522.29 522.29
1,IM31 902 .75
5.23 5.79 5.23 5.79
5.23 5.79 5.21 5.79
.,
O Texel
Block No. 2106, Santej-Khatraj Road, Santej, -382 721. Dis!.: Gandhinagar. Gujarat, INDIA CIN : L291 OOGJ 1989PLC012576 ~ Industries
Limited Tel. : 08980026110, 08980026220, Fax: (02764) 286334 E-mail: info@geotexelin.com, URL: www.geotexelin .com
~ 11"'1
STATEM ENT OF CONSOLIDATED ASSETS AND LlA BI LlTI ES
Pcrticulars
ASSETS
NonCurrent Assets
Property, Plant and Equipment
Capital WorkinProgress
Other Intangible assets
Financial Assets
Other Financial Assets
Income Tax Assets (Net)
Other non-current assets
Total
Currcnt Assets
Inventories
Financial Assets
Trade Receivables
Cash and cash equivalents
Bank balances other than Cash and Cash Equivalents
Other Financial Assets
Other Current Assets
Total TOTAL - ASSETS
EQUITY AND LIABILITIES
Shareholders' Funds
Equity Share Capital
Other Equity
Total
Non-current liabilities
Financial Liabilities
Borrowings
Other financial liabilities
Provisions
Deferred tax liabilities (Net)
Total
Current liabilities
Financial Liabilities
Borrowings
Trade Payables
Total outstanding dues of micro and small enterprise
Total outstanding dues of creditors other than micro and small enterprise
Other financial liabilities
Other current liabilities
Provisions
Liability For current Tax (Net)
Total
TOTAL - EQUITY AND LIABILITIES
Amount As at
31.03.2019
(Audited)
848.65
0.72
0.21
135.85
0.26
108.33
1,094.02
1.616.56
1.832.78
32.58
1}7~ 47~ 74 '
29~85 3,633.29
4,727.31
522.29
1.164.31
1,686.60
67.20
7.50
31.22
44.22 150.14
92.08
15.57
2.289.71
7.58
283.93
109.53
92.17
2,890.57
4,727.31
(Rs in Lakhs Amount As at
31.03.2018
(Audited)
715.39
-0.21
68.76
0.26
41.98
826.60
1,336.06
1.~36.82 51.67
58.35
'- 56.69
49 .3;
2,788.90
3,615.50
522.29
902.75
1,425.04
97.67
7.50
22.32
55.96 183.45
50.80
-1,335.90
136.78
294.04
51.25
138.24
2.007.01
3 ,6 15.50
R-V.No.,RQ9f110024 IS09O{l1 , 2115
~ if' ... tn
\\ -:> .:; .( ·6 .. '~
O rexel Industries Limited
Notes:
Block No. 2106, Santej-Khatraj Road , Santej, -382 721. Dis!.: Gandhinagar. Gujarat, INDIA CIN :L29100GJ1989PLC012576 Tel. : 08980026110, 08980026220, Fax: (02764) 286334 E-mail : info@geotexelin.com, URL : www.geotexelin.com
[§l 1141 R-V.Ho.: RQlll l1002(
1801001 : 2015
I. The above consolidated financial results have been prepared in accordance with the Indian Accounting Standards ("Ind As") as prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder.
II. The Company's business activities fall within a single primary business segment viz. "Tarpaulin and Geomembrane", the disclosure requirements of Ind AS 108 "Operating segment" prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder are not applicable.
III. The above consolidated financial results have been reviewed and recommended by the Aud it
Committee and approved by the Board of Directors at their meeting held on 27th May, 2019. The
Statutory Auditors have expressed an unmodified audit opinion on the above consolidated
financial results for the quarter and year ended 31st March, 2019.
. IV. The figures for quarter ended 31st March, 2019 are the balancing figures between the audited
financial results for the year ended 31st March, 2019 and the published financial results for nine months ended 31st December, 2018. "'" 'l, •. ,
V. Previous period's figures have been regrouped/rearranged wherever necessary to confirm to the
current period's classification.
Place: Mumbai Date: 27th May, 2019
For and on behalf of the Board
:;Lq;\l-= Shailesh R Mehta Managing Director DIN: 01457666
Sunil Poddar & Co. Charterc~ Accoul"tal"ts 1301, Addor Aspire, Nr. Jhanvi Restaurant, Panjarapole University Road, Ambawadi, Ahmedabad - 380 015. Ph. : (0) 07948977222-23 • Email: info@sunilpoddarca.com
Independent Auditor's Report on the Consolidated Annual Financial Results of Texel Industries limited pursuantto Regulation 33 of SEBI (listing Obligations and Disclosure Requirements) Regulations, 2015
To Board of Directors of Texellndustries limited
We have audited the accompanying Statement of Consolidated Annual Financial Results of Texel Industries Limited (the 'Company') and its subsidiary (collectively referred to as the 'Group') for the quarter and year ended 31 March 2019 (the 'Statement'), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'). Attention is drawn to the fact that the Consolidated financial results for the quarter ended 31 March 2019 and the corresponding quarter for the previous year, as reported in the Statement, are the balancing figures in respect of the full financial year and the published year to date figures upto the end of the third quarter of the relevant financial year, which were subjected to a limited review, as required under the Listing Regulations.
These Consolidated annual financial results have been prepared from the Consolidated Annual Financial Statements and reviewed quarterly consolidated financial results, which are the responsibility of the Company's management and have been approved by the Board of Directors of the Company, Our responsibility is to express an opinion on these Consolidated annual financial results based on our audit of such consolidated annual financial statements, which have been prepared in accordance with the recognition and measurement principles laid down in the Companies (Indian Accounting Standard) Rules, 2015 issued under section 133 of the Companies Act, 2013 and other accounting principles generally accepted in India and in compliance with Regulation 33 of the listing Regulations.
We conducted our audit in accordance with the auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial results are free of material misstatements. An audit involves performing procedures to obtain audit evidence about the amounts and disclosure in the Statement. An audit includes examining, on a test basis, evidence supporting the amounts disclosed in financial results. An audit also includes assessing the accounting principles used and significant estimates made by management. We believe that our audit provides a reasonable basis for our opinion.
The Statement includes the financial results of Texel Industries Limited and Texel Industries (Africa) Limited (i.e. a wholly owned subsidiary company incorporated on 12th June 2018) .
Our opinion on the Consolidated Annual Financial results is not modified in respect of the above matters.
In our opinion and to the best of our information and according to the explanations given to us, the Statement:
I. is presented in accordance with the requirements of Regulation 33 of the SEBI (listing Obligations and Disclosure Requirements) Regulations, 2015 in this regard ; and
II. gives a true and fair view in conformity with the aforesaid Ind AS and other accounting principles generally accepted in India of the profit, including other comprehensive
income, and other financial information of the Company for the quarter and year ended 31 March 2019.
Place: Ahmedabad
Date:27'h May, 2019
FOR, SUNIL PODDAR & CO.
Chartered Accountants
Partner
M. No. 041209
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