pursuant to regulation regal-a - business standard

_,partment ofCorporate Services

Phiroze Jeejeebhoy Towers

Dalal Street

Mumbai- 400001

Reference:- Chadha Papers Limited

Scrip Code:- 531946

£13.".Sub’ectz- Outcome of the Board Meetin- of Chadha Pa ers Limited held on 22"“ Jul" 1‘2

Dear Sir/Madam,

Pursuant to Regulation 33 of 81381 (Listing Obligations and Disclosure Requirements), Regal-a2015, thls 15 to inform you that Board of Directors at its meeting held on 22"d July, 2019 at ’0

PM and concluded at 10:00 PM has inter-alia approved the following matters:

1. Audited Financial Results (Standalone & Consolidated) of the Company for the quarter”If

year ended on 31fit March, 2019 (as enclosed); .

7-2?

2. Auditors’ Report on Audited Financial Results of the Company for the quarter and year?ended on 31St March, 2019, issued by the Statutory Auditors of the Company (as enclosed);

'

3. Appointment of M/s. Khushwinder Kumar & Co, Cost Accountants having FRN.: 100123313

as Cost Auditors of the Company for Financial Year 2019-2020.' "

The copies of the Audited Financial Results and Auditors’ Report along with Declarations Pursuanté“

to Regulation 33(3)(d) of SEBE (Listing Obligations and Disclosure Requirements) Regulations-'5”-

2015 are enclosed for information and record.T

Kindly acknowledge the recon}? the. same.

Thanking You,

Yours faithfully

Kuldeep Tiwari

(Company Secretary pliance Officer)

mm

Scanned by CamScanner

I Results and'

w ,

Iation 33 of the: E

201 ._,.

:ndependentAuditor's Report On Quarterly Financia

(La-t: Results of_ the Company Pursuant to the Regu

an: rIIr':lg(1wObligationsand Disclosure Requirements) Regulations:

To,The Board of Directors

CHADHA PAPERS LIMITED

Iltd/e have audited the accompanying statement of quarterly Standalone Ind AS

InanCIal results of Chadha Papers Limited (‘the Company') for the quarter ended

#:2031, 2019 and for. the year ended March 31, 2019 ('the Statement‘), attached

With, being submitted by the Company pursuant to the requirement of

Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements)

Regulations, 2015, as amended ('the Regulation'), read with SEBI Circular No.

CIR/CFD/FAC/62/2016 dated July 5, 20 16 ('the Circular'). The Ind AS financial

results for the qualter ended March 31, 2019 and year ended March 31, 2019 have

been prepared on the basis of the Ind AS financial results for the nine—month period

ended December 31, 2018, the audited annual Ind AS financial statements as at

and for the year ended March 3 1, 2019, and the relevant requirements of the

Regulation and the Circular, 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 financial results based on our

review of the Ind AS financial results for the nine month period ended December

31, 2018 which was prepared in accordance with the recognition and measurement

principles laid down in Indian Accounting Standard (Ind AS) 34 Interim Financial

Reporting, specified under Sectionl 33 of the Companies Act 2013 read with

relevant rules issued there under and other accounting principles generally

accepted in India; our audit of the annual Ind AS financial statements as at and for

the year ended March 31, 20 19;and the relevant requirements of the Regulation

and the Circular.

in accordance with the auditing standards generally

tandards require that we plan and perform the audit to

obtain reasonable assurance about whether the Ind—AS financial results are free of

material misstatement(s). An audit includes examining, on a test basis, evidence

supporting the amounts disclosed as 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.V

.

We conducted our audit

accepted in India. Those 5

In our opinion and to the

given to us these quarter

to date results:


0 \fi

,

-' is? at land: '. _

~ give a true and fair view of the net profit] [16;

information for the quarter ended 315t March 2019 as

date results for the period from 1st April 2018 to 3~1st Mar

Further, read with paragraph I above, we report that the figures for t

ended March 31,2019 represent the derived figures between the audited i

respect of the financial year ended March 31, 2019 and the published yea

figures up to December 31, 2018, being the date of the end of the third qua 3

the current financial year, which were subjected to a limited review as stated

paragraph 1 above, as required under the Regulation and the Circular.

For Khandelia & Sharma

Chartered Accountants

Firm Reg. No.510525

CA. Arun Khandelia

Partner

Membership No.089125

ICAI FRN : 510525C

New Delhi, July 22, 2019


‘

9639991901493

ha)I

Revenue from Operations (Gross)

b) Other Income

Total Revenue (l + Ii)

10

12

13

14

16

17

18

Guam.”

15'

Expenses

11) Cost of materials consumed

b) Purchases ofstock-in-trade

c) Changes in inventories of Finlsed Goods. work In

progress and stock-in-trade

d) Excise Duty on Sale of Goods

e) Employee benefits expense

f) Finance Costs

3) Depreciation and amortisation expenses

h) Other expenses:

(i) Power and Fuel

(ii) Others

Total Expenses

Profit before Exceptional and Extraordinary Items and Tax (1-2)

Exceptional items

Profit before Extraordinary Items and Tax (3-4)

Extraordinary items

Profit before Tax [5-6)

Tax Expenses

(i) Current Tax

(ii) MAT Credit

(iii) Deferred Tax

Proflt/(Loss) for the period from Continuing Operations (7-8)

Profit/(Loss) for the period from Discontinuing Operations

Tax Expenses of Discontinulng Operations

Profit/(Loss) for the period from Discontinuing Operations (After Tax) (10-11)

Profit/(Loss) for the period (9412)

Other Comprehensive Income (on)

a) Re<measurement Gain/(Loss) on Defined Benefit Plans

b) income tax relating to Items that will not be reclassified to profit or loss

a) investments in Equity instruments carried at Fair Value

b) income tax relating to items that will be reclassified to profit or loss

Total Comprehensive income for the period (13414)

Paid up Equity Share Capital (face value of Rs. 10/- each)

Reserves excluding Revaluation Reserves as per

balance sheet of previous accounting year

Earning per equity share (of Rs. 10 each) (not annuiaised)

a) Basic (in Rs.)

b) Diluted (In Rs.)

/

9,424.49 12,519.94 .

1,296.32 30.56 . ,

10,710.91 12,549.40 11,17. .5'

5,699.94 7,755.47 9,474.94 25,790.52;'

-

- 136.25) ,

-

160.43 (102.49) 112.76 (449.22)‘

.

- (0.00)- ,

_

420.07 401.57 399.50 1,611.53- 1.47 50

409.21 397.92 502.59 1,643.65 1,559.50

205.95 202.99 199.97 906.72 754.21

1,843.02 2,034.42 1,199.43 7.69032 5,432.77

2,461.93 1,079.10 915.86 5,471.67 3,397.93

11,199.45 11,767.99 11,739.79 42,555.19 42,912.23

(479.64) 791.51 (562.24) 315.54 (“Z-86.). .: .3:

.

.

- 175.00.

_

.5

(479.64) 791.51 (562.24) 140.54 (402.86);;» ’_

(479.64) 791.51 (562.24) 140.54 (402.96) 3-9.

(59.19) 296.06 (432.34) 235.14 (121.67) I‘

(71.61) 94.52- 2993

~-

(2993)-

- (29.93), ;

42.26 201.54 (432.34) 235.14 (121m ‘ p

(420.46) 495.45 (129.90) (94.60) (291m 2

(420.46) 495.45 (129.90) , (94.60) (291m

6.92- 4.22 6.92 4.22.

10.39- 6.46 10.39 6.46

(3.47)- 2.24 (3.47) 2.24

(413.54) 495.45 (125.69) (97.69) (276%) ,

1,020.40 1,020.40 1,020.40 1,020.40 1,020.40

--

- (3,397.61) (3,309.94)

(4.12) 4.96 (1.27) (0.93) (2.76)

(4.12) 4.86 (1.27) (0.93) (2.76)


, ii! funk: for the quarter ended 3 1 March 2019 have been reviewed by fine StatutoryAuditors as requifeii:' Requinements) Regulation 2015.


investment in subsidiaries and associates 31.04

Other Investments 0.42

(Ill) Loans.

(iv) Other financial assets 135.30

(e) Deferred tax assets (net)_

_

(0 Other Non~current Assets

Sub Total Non Current Assets 11,7434!) 10.751370- l.

2 Current Assets-

'

(a) '“Vemrles 4,196.17 4,519.26

(b) Financial Assets

(0 ”“5"“an 442.26 442.26

(ii) Trade Receivables 3.20231 4,073.63

(iii) Cash and Cash Equivalents 41,02 99.19

'5 5 (iv) Bank Balances Other than (ii) above 648.09 544.35

M W“ 1,549.38 731.05

..- (Vi) Others‘ 114.66 210.25

(c) Current Tax Assets (Net) 52.26 ,66.25

(d) Other Current Assets 1,394.68 1,335.20

Sub Total Current Assets'

11,641.44 121021.45

TOTAL ASSETS‘

23,389.84 22,773.14

B EQUITY 81 LIABILITIES

1 Equity

(a) Equity Share Capital 1,020.40 1,020.40

(b) Other Equity- (3,397.61) (3,309.94

Sub Total Equity (2,377.21) (2,289.54

2 Liabilities _

'

'

.

'

.

(l) Non-current Liabilities

(a) Financial Liabilities

(b) (i) Borrowings12,399.47 11,793.50

(c) (ii) Trade Payables444.53 398.58

(d) Provisions87.63 76.02

(e) Deferred tax liabilities (net)1,151.30 912.70

Sub Total Non Current Liabilities 14,082.93 . 13,180.80

(ll) Current Liabilities

" '


(b) (i) Borrowings5,480.91 6,008.72

(ii) Trade Payabies5,168.12 4,861.25

(iii) Other Financial Liabilities917.85 943.66

Provisions6.37 2.68

Other current liabilities110.37 65.57

Sub Total Current Liabilities11,684.12 11,881.88

23,389.84 22,773.14TOTAL EQUITY AND LIABILITIES

The above financial results have been reviewed by the Audit Committee and have been approved by the Board of Directors in their

respective meetings held on 22nd July, 2019

2 The above financial results have been reviewed by the Statutory Auditors as required under Regulation 33 of the SEBI (Listing

Obligation and Disclosure Requirement) Regulation 2015.

_3 Figures of last quarter are the balancing figures between audited figures in respect of the full financial year and unaudited published

year to date figures upto the date oithlrd quarter of the financial year.

‘ 4. Previous Year's/Quarter’s Figures have been regrouped/rearranged/recast wherever necessary.

- Nelda


Independent Auditor's Report On Consolidated audited Quarterly and Year

to Date financial Results of the Company Pursuant to the Regulation 33 of

the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015, as amended.

To,The Board of Directors 1.:

CHADHA PAPERS LIMITED‘

We have audited the accompanying statement of quarterly consolidated Ind AS

financial results of Chadha Papers Limited ('the Company') comprising its

subsidiaries (together, 'the Group')for the quarter ended and year ended March 31,

2019 ('the Statement'), 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 ('the Regulation’), read

with SEBI Circular No. CIR/CFD/FAC/62/2016 dated July 5, 2016 ('the Circular').The consolidated Ind AS financial results for the quarter ended and year ended

March 31, 2019 have been prepared on the basis of the consolidated Ind AS

financial results for the nine—month period ended December 31, 2018, the audited

annual consolidated Ind AS financial statements as at and for the year ended March

31, 2019, and the relevant requirements of the Regulation and the Circular, 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 opinionon these consolidated IndAS financial results based on our review of the

consolidated Ind AS financial results for the nine month period ended December 31,

2018 which was prepared in accordance with the recognition and measurement

principles laid down in Indian Accounting Standard (Incl AS) 34 Interim Financial

Reporting, specified under Section 133 of the Companies Act 2013 read with

relevant rules issued there under and other accounting principles generally

accepted in India; our audit of the annual consolidated Ind AS financial statements

as at and for the year ended March 31, 2019; and the relevant requirements of the

Regulation and the Circular.

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 Ind-AS financial results are free of

material misstatement(s). An audit includes examining, on a test basis, evidence

supporting the amounts disclosed as 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 opinions -

n and to the best of our information and according to the explanatisults‘as well as the consolld

In our opinio

given to us these consolidated quarterly financial re

year to date results:

407, South-Ex Plaza ll, South Extension 2, New Delhi 110 049. India

Dimapurl Agral

Peer Review Certificate No. 011.580 Dal;


have been presented in accordance with the requirements 9the SEBI (Listing Obligations and Disclosure RequiremEnts)2015 in this regard; and

give a true and fair view of the consolidated loss and other filminformation for the quarter ended 315t March, 2019 as well as

consolidated year to date results for the period from lst April, 2018 toMarch 2019.

We did not audit the financial statements of the subsidiary company, included in theconsolidated quarterly financial results and consolidated year to date results, whose

consolidated interim financial statements reflect total assets of Rs. 53,66,479 as at

3lst March 2019 and Rs. 53,66,479 as at the quarter ended 3lst March 2019; as

well as the Revenue from operations of Nil as at 315t March 2019 and Nil as at the

quarter ended 315t March 2019. These interim financial statements and other

financial information have been audited by other auditor whose report has been

furnished to us, and our opinion on the quarterly financials results and the year to

date results, to the extent they have been derived from such interim financial

statements is based solely on the report of such other auditor.

Further, read with paragraph I above, we report that the figures for the quarterended March 31, 2019 represent the derived figures between the audited figures in

respect of the financial year ended March 31, 2019 and the published year-to-date

figures up to December 31, 2018, being the date of the end of the third quarter of

the current financial year, which were subjected to a limited review as stated in

paragraph 1 above, as required under the Regulation and the Circular.

For Khandelia & Sharma/a a

Cha rte red Accou nta nt 9‘3“"\

CA. Arun Khandelia

Partner

Membership No.089125

ICAI FRN : 510525C

New Delhi, July 22, 2019

if


“mm from oPmflons {Gross} 9,424.49 12,519.04 11,269.25

‘

‘

b) Other lncvme 1 205.32 30.50 (92.701

To!" “"9"“ (I * "I' ' 10.71031 12 9.4 11,176.55

2 Expenses

I‘

x3) Cos! nfmmrlils consumed 5,500.94 7,755.47 0,474.94 25.790.52

ih) Purchases of stock-In-trade

_. (36.25)

.

‘

t

-

c) changes In Inventories of Finlsed Goods, work In 150.43 (102.48) 112.76 (449.22)

progress and stock-in-trade. .

-

" d) Excise Duty on Sale of Goods. . (0.00)

.

I e) Employee benefits expense420.07 401.57 309.50 1,611.53

0 Finance Costs 409.21 397.02 502.50 1,545.24

3) Depreciation and amortisation expenses205.95 202,99 159.97 806.72

h) Other expenses:.

..

..(0 Power and Fuel 1,343.02 2,034.42 1,189.43 7.680.33 5,432.77

(II) Others 2,451.93 1,078.10 915.86 6,494.27 3,899.65

2 Tom menses 11,189.45 11,767.89 11,738.79 43,579.40 43,414.79

13 Profit before Exceptional and l-bttraordinnry Items Ind Tax (1-2) (478.64) 781.51 (562.24) (206.15) (404.01)

4 Exceptional Items.

.. 175.00 -

5 Profit before Blirlordlnary Items and Tax (3-4) (478.64) 701.51 ($52.24) (381-15) I‘M-01)

_6 Extraordinary items,

..

. .

7 Pro!" before T-x (5-6) (470.64) 731.51 (552.24) (381.15) (404.01)

.8 Tu Expenses (58.18) 286.06 (432.34) 101.88 (121.67)

(I) Current Tax (71.61) 84.52'

- 28.83

(II) MAT Credit [29.33).

-- (28.83)

(M) Deferred Tax42.26 201.54 (432.34) 102.80 (121.67]

('1 Profit/(Loss) for the period from Continuing Operations (7-8) (420.46) 495.45 (129.90) (355-95)7

(2 2 J

1 Profit/(Loss) for the period from Discontinuing Operations-

-'

'

11 Tax Expenses of Discontinuing Operations-

-

'

12 Profit/(Loss) for the period from Discontinulng Operations (After Tax) (10-11)-

-~

-'

1 3 Profit/ (Loss) (or the period (9412)(420.46) 495.45 (129.90) (483.95) (282.33)

14 Other Comprehensive Income (OCI)6.92

’

- 4.22'

6.92'

4.22

I) a) lie-measurement Gain/(Loss) on Defined Benefit Plans10.39

- 6.46 10.39 6.46

b] Income tax relating to Items that will not be reclassified to profit or loss (3.47)- 2.24 3.47 2.24

II) a) Investments In Equity Instruments carried at Fair Value.

..

.

-

.

[1) Income tax relating to Items that will be reclassified to profit or loss-

-.

.

>

.,

15 Total Comprehensive Income for the period (13414)(413-54) 495-45 (us-53) (477-03) (273-111 —5

16 Paid up Equity Share Capital (face value of Rs. 10/- each)1.020-40 1.020.40 1.020-40 1.02030

‘

1.02030

17 Reserves excluding Revaluation Reserves as per

''

' (33954") (231830)

"

balance sheet of previous accounting year

, .7:

_18 Earning per equity share (or Rs. 10 each) (not annulalsed)

a) Basic(ln Rs.)(4.12) 4.86 (1.27) (4.74) (2.77)

‘

1 h) Diluted “n Rs.)(4.12) 4.86 (1.27) (4.74) (2.77)


5, "results have been reviewed by the Audit Committee and have been approved by the Board of Directors in their respective meefinglrelflu

“DATED financial results for the quarter ended 31 March 2019 have been reviewed by the Statutory Auditors as required under Regulafidn~

in»

'

Requirements) Regulaiion 2015.

"

has a single reportable segment. the segment wise disclosure requirement of lnd AS 108 on operating segment is not applicable to it.

[Quamr'sfigures have been regouped/rearranged/recast wherever necessary.

anafierarethe balancing figures between audited figuresIn respect of the full financial year and the published year-to-date figures upto the thirdW»


11,509.65 I

,

62.07

intangible Asseu9.91

Financial Assets

(I) investments

.

Investment In subsidiaries and associates- 167.85

Other investments0.42 742.08

‘

(iii) Loans

-

-

(Iv) Other financial assets135.30 270.14

(e) Deferred tax assets (net).

.

(I) Other Non-current Assets.

.

Sub Total Non Current Assets11,717.35 11,285.04

2 Current Assets

'

(a) Inventories4.19617 4,650.19

(b) Financial Assets

(0 investments442.26 442.26

(Ii) Trade Receivables3,211.82 4,375.85

(iii) Cash and Cash Equivalents41.74 99.70

(Iv) Bank Balances Other than (ii) above648.59 544.85

M Loans1,540.15 725.70

(vi) Others123.20 257.53

(c) Current Tax Assets (Net)52.26 66.25

((1)- Other Current Assets

1,429.68 1,335.54

Sub Total Current Assets11,685.87 12,497.87

TOTAL ASSETS23,403.23 23,782.91

8 EQUITY 8i LIABILITIES

1 Equity,

(a) Equity Share Capital1,020.40 1,020.40 -J

(b) Other Equity(3,395.01) [2,918.30

'

" ‘

Sub Total Equity(2,374.60) (1,897.90

2 Liabilities

' ‘

-

-

3 MINORITY INTEREST0.03 0.35

(I) Non-current Liabilities


(b) (i) Borrowings12,408.60 11,801.84

(c) (ii) Trade Payables444.53 398.58

((1) Provisions

87.63 76.02

(e) Deferred tax liabilities (net)1,151.30 1,045.03

Sub Total Non Current Liabilities 14,092.06 13,321.48

(ii) Current Liabilities

'


.i'

(b) (i) Borrowings5,481.53 6,043.89 j

(ii) Trade Payables5369-12 5:171-83

(iii) Other Financial Liabilities918-85 1.075-01

Provisions

6‘87 2'69

Other current liabilities

110-37 5557

Sub Total Current Liabilities

'

11.69574 12359-98

TOTAL EQUITY AND LIABILITIES23-40323 23592-91

iciai results have been reviewed by the Audit Committee and have been approved by the Board of Directors In their

tings held on 22nd Iuly,2019.

aI results have been reviewed by the Statutory Au

The above final

1respective mee

.

‘

ditors as required under Regulation 33 of the SEBI (Listing ,

The above financi2

Obligation and Disclosure Requirement) Regulation 2015..

Fl ures of last quarter are the balancing figures betwaen audited figures In respect of the full financial year and unaudited published

3 year to date flgures-upto the date of third quarter of the financial year.

4 Previous Vear's/Quarter's Figures have been regrouped/rearranged/recastwherever necessary.

Place: Noida

Date: 22.07.2019 /


Reference:- Chadha Papers Limited, Q4(Annual Results — 2018-19)

Scrip Code:- 531946

Sub: Declaration ursuant to Re ulation 33 o the Securities & Exchane Board a ‘Indiag‘:‘

ogligations and Disclosure Requirements} RegulationsI 2015.

'J

I, Amanbir Singh Sethi, Whole Time Director of Chadha Papers Limited (QB

L21012UP1990PLC011878) having its registered office at Chadha Estate, Nanital Road, Bilaspur; Di

Rampur, Uttar Pradesh- 244921, do hereby declare that, the statutory auditors of the Company,

Khandelia & Shanna, Chartered Accomitants (FRN:- 510525C) have issued an Audit Report w

unmodified opinion on Audited Financial Results of the Company for the quarter and financial year,

ended on 315‘ March, 2019.

Kindly take this declaration on your records.

Thanking You

Yours faithfully,

For Chadha Papers Limited

Amanbir Singh Sethi

(Whole Time Director)

DIN:—01015203


pursuant to regulation regal-a - business standard

Documents