Pennar Industries : Outcome of Board Meeting

About this update from Pennar Industries Limited

Dated: 25 th May, 2022 Place: Hyderabad BSE Limited The National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street, Fort, Mumbai-400 001 Bandra East, Mumbai - 400 051 Scrip Code: 513228 Scrip Symbol: PENIND Dear Sir/Madam, Sub : Outcome of Board Meeting - reg. Ref: Regulations 30 and 33 of SEBI (Listing Regulations and Disclosure Requirements) Regulations, 2015 We wish to inform you that at the meeting of the Board of Directors of the company commenced at 10:00 a.m. and concluded at 9:00 p.m. on Wednesday the 25 th day of May, 2022, the following business were transacted: Approved audited Financial Results (Standalone and Consolidated) for the quarter and year ended 31.03.2022 and noted Auditors' reports with unmodified opinion. With reference to our letter dated 5 th April, 2022. The Board of Directors taken on record the resignation of Ms. Bharati Jacob with effect from 5 th April, 2022. The Board places on record its appreciation to Ms. Bharati Jacob for services rendered by her during her tenure as an Independent Director of the Company. Appointment of M/s. Kandikonda & Associates, Cost Accountants as Cost Auditors of the Company for the Financial Year 2022-23. Appointment of M/s. R Krishna & Associates, Chartered Accountants as Internal Auditors of the Company for the Financial Year 2022-23. Approved Notice of Postal Ballot. The Board has taken on record the statement of investor complaint under regulation 13(3) and compliance report on corporate governance under regulation 27(2) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the quarter ended 31 st March, 2022. The following are attached herewith for your information and record: a. Certified copy of the audited financial results (standalone and consolidated) of the Company for the year ended 31 st March, 2022. b. Auditor's Report (standalone and consolidated) for the year ended 31 st March, 2022 issued by M/s. Deloitte Haskins & Sells LLP, Statutory Auditors of the Company. c. A declaration pursuant to Regulation 33(3)(d) of SEBI (LODR) Regulations, 2015 regarding unmodified opinion of the Statutory Auditors on the annual financial results for the year ended 31 st March, 2022 d. Press release on the audited financial results (standalone and consolidated) of the Company for the year ended 31 st March, 2022. e. Investor Presentation f. Disclosure of information pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI circular No. CIR/CFD/ CMD/4/2015 dated 9 th September, 2015 g. Notice of Postal Ballot. Kindly take the same on your records. The same will be made available on the Company's website viz., www.pennarindia.com . for Pennar Industries Limited Mirza Mohammed Ali Baig Company Secretary & Compliance Officer | 10 11 12 9 8 7 3 4 5 6 SL 2 1 No! Value [Face capital share equity up Paid equity Other | 5 € of Value [Face Share Per |Earnings annualised) not - periods quarterly the (for (in share per Earnings Diluted and Basic controlling-Non Shareholders interests Company the of to: Attributable income|Totalcomprehensive interests-Noncontrolling theCompanyofShareholders (7+8) subsequently reclassified be wil) that [tems translation in differences Exchange (a) items above to relating tax Income (b) income/(loss), comprehensive Other Total to: Attributable (b) (a) relating tax Income of Remeasurement to the items above defined net reclassified be not will that Items income|Othercomprehensive interest-NonControlling theCompanyofShareholders subsequently to:Attributable theforProfit|Net expensetaxTotal tax Current (a) tax Deferred {b) period 6)-(5 expense|Tax (3+4)taxbefore|Profit 9)note(Referitem|Exceptional itemexceptionalbefore/(loss)|Profit expensesTotal expensesOther{g}expenseandamertisation({)Depreciation costsFinance(ce) expensebenefits{d}Employee goods-traded of Purchase (6) finished of inventeries in Changes {e) consumedmaterialsoffa)Cost | Expenses income'Total incemeOther{b) from(2)Revenue |income operations Ak (Page 1 of 5) 4) note (Refer share] per 5 @ of share] per 2) 16.1 7,108 75.0 7,108 35.2 7,108 94.2 66,410 7,108 18.0 62,475 7,108 79.0 7,108 58.0 7,108 27.2 7,108 40.2 65,233 7,108 06.0 7,108 61,981 18 1,377 : 1,059 3,332 6 3,930 8 227 30 1,000 824 3,250 - 3,284 - 103 - (277) -= 1,395 1,059 }_- (12)) 3,338 - (20) 3,938 (253) 257 (27) 1,000 = (132) 824 - - 3,250 = 14 3,284 - (132) 103 14 loss or profit to operations foreign of tax of net (145) - (2771) (12) (12) = (201 (34) - (2531 (121) - (27) (41) : 132} - = - . = 14 = . . (132) = = 14 benefit liability - (176) 44 (4) 18 44 (176) (4) 18 44 (176) . z (4) 18 44 (176) (4) 18 to profit or loss 1,071 1,654 - 19 4,183 3,352 al 6 1,132 254 = 30 89 3,416 3,236 824 - - = : 1,672 501 490 11 1,071 342 {376) 718 3,358 1,109 392 717 4,191 400.1 (786) 2,186 81 284 (342) 423 1,132 362 351 11 285 824 (376) 661 3,236 1,077 360 717 3,416 149.1 (766) 1,935 18 89 (242) 360 and goods, 2)-(1 tax progress-in-work and trade-in-stock 2,173 2,173 67,813 15,304 1,525 2,093 5,909 2,584 5,209 35,1B9 a 1,413 1,413 52,325 1,336 11,511 1,945 5,480 (6,066) 6,171 31,948 1,996 467.4 2,471 54,107 1,179 706.13 1,810 3,341 (2,057) 1,167 34,961 = 591.5 5,591 690.22.2 S,413 435.48 7,838 20,845 (10,435) 20,832 1,29,762 365 1,996 (1,631) 1,56,032 4,817 37,19 7,967 13,638 (4,432) 3,669 92,754 1494 = 1,494 58,1746 1,302 205.14 3,802 2,055 1,580 456 34,776 1,109 = 1,109 44,804 1,239 10,702 1,907 3,725 {5,040} 5B1 31,690 4,313 1,996 2,317 53,536 1,171 005.14 1,807 3,191 (2,141), 1,167 34,336 = 565.4 4,565 1,96,775 5,034 961.45 7,508 15,048 (7,566) 2,352 1,28,438 £996 107 (1,889) 1,955,324 4,767 739.37 7,946 13,050 (2,775) 3,669 90,928 69,277 709 986.69 53,297 441 738.53 56,578 629 $5,679 281.2,28 1,706 2,26,575 1,54,401 1,52,535 866.1 59,670 58,922 748 45,913 45,432 481 853.55 54,986 867 340.2,01 1,99,475 1,865 1,53,435 1,51,654 781.1 Particulars note |Refer -22Mar-31 3) .Unaudited 21-Dec-31 EndedQuarter 2) note (Refer 21-Mar-31 results Consolidated Audi 22-Mar-31 Year Auttited 21-Mar-31 Ended (Refernote3) 22-Mar-31 Unaudited 21-Dec-31 EndedQuarter 3) note (Refer 21-Mar-31 resuits Standalone Audited 22-Mar-31 Year Audited 21-Mar-31 Ended Lakhs) (in SI Tel: +91 Regd 40 . 31,MarchendedYearandtheQuarterforResultscialFiStandaland.Clidatedof .compennarindia.Website:www.com;mail:corporatecommunications@pennarindia-E40061621; Office: Floor No . 3, DHFLVC (CIN: Silicon PENNAR . L2 LIMITED Towers, 7109TG1975PLC001919) Kondapur, INDUSTRIES Hyderabad 500084, Telangana, India . 2022 NOTES: ("theAct')readwithrelevantrulesissuedthereunder,otheraccounting Act,2013 Companies the of 133 Section under prescribed AS'} ('Ind . Standards below) 7 Accounting Nave refer Indian (alto . the ("SEBI') with India accordance of Board in Exchange prepared and have Securities been Company the by the iceusd of guidelines results financial and standalone India in and accepted generally consoliciates| The principles attheirmeetingheldonMay25,2022.TheStatutoryAuditorshaveissuedan Directors 31, 2022. of March Board enced the by quarter approved the and for review 2022 23, limited May on the held of respect ting their conclusion at Contmittes unmodified Audit an the isstied by recommended have and 2022 and 31, March reviewed ended were year results the financial for results standalone financial the and on consolidated auditopinion unmedified The above 31,2021and December ended quarter third to up figures date to year and respectively 2021, March and 2022 March ended year financial full the of respect in figures audited the between figures balancing the are 2021 March ended quarter and quarter . current respectively the2020, for 31, figures December The of Buyback control inthe are under who persons mechanism and exchange group promoter stock the promoters, through than route sther market Company Open the the offrom shareholders cash in equity payable size), eligible Buyback the from (Maximum each 5 oflakhs € value 4,000 face €charges. eveseding transaction share? of equity hotthe paidanoint excluding up - aggregate fully size) Company's an Buyback for (Maximum the price), of BuybackBuyback lakhu approved (Maximum 4,000 % 2022, share exceed not 03, equity shall March 50 Buyback on per held t meeting exceeding The Act its not Companies at Directors, price at athe of company, and Board Regulations Thethe the securities back, bought from equity utilized 50 been the has of Outlakhs . 32 Suyback) of on amount tax. an and 2013, eort transaction Act, Companies Act towards of Companies lakhs requirements the 22 of 69 % (including the Section with lalchs line with In accordance of depositories. 22 € consideration records in created of cash per been has as total 2022 back, in brought resulting April of date, month shares that the of - of in value shares extinguished the a2 nominal equity ware representing back shares 50 subsequently bought 7250 of Company and reserve open, 2022 redemption the 31, was March Buyback atcapital as Further, of shares scheme equity Buyback, the Nil forthe 2022, extinguished account 31, March Premium AsCompany at TheconsolidatedfinancialresultsincludetheresultsofthefollowingGroupcompanies: the and % Holding 100% 100% 100% 100% 10056 significantoperations any have not did Nature of relationship Subsidiary Subsidiary Subsidiary Subsidiary Step-down Subsidiary Step-down Subsidia profit of = 1 lakh. Oneworks a in Country of Incorporation India Germany India USA USA USA and incorporated Ascent Buildings, LLC as its subsidiaries. Private Limited for a consideration of % 62 lakhs Tesulting Global Metals, LLC BIM Technologies Company Company), has acquired Pennar off its investment in Oneworks 6(b)) September ended the quarter a.) During 30, 2020, Pennar Global Inc (Subsidiary of the Septemberended the quarter b.) During 30, 2021, the Parent Company had disposed not material areof Oneworks resultsfinancial to the group. EnertechPennar Oneworks PennarPennar thefor corresponding resultsthe Accordinglyperiods are not comparable. note the (Refer of Name Limited 2021) 31, Private August Systems upto 2020) ( Engineering Limited 12, Private August and (w.ef TechnologiesInc,Metals, Defense LLC Pennar GmbH BIM GlobalGlobal receivables and shal! continue to and concluded that there is no significant impact of the same on the financial results for the quarter and year ended March 31, 2022. preparation of these financial results including the recoverability of carrying amounts of property, plant and equipment, inventories, Company' financial results may differ from that estifmatec cs at the date of approval of these financial results. The Group/Company financial results COVID 19 in the on the Group's / In view of COVID 19 pandemic, the Management, based on available sources of information, has evaluated the 'The Group / Company has also considered the possible effects that may result from the pandemic relating to other assets and expects that the carrying amount of these assets will be recovered. The impact of COVID-19 closely monitor the developments. The details of funds raised through Initial Public Offer (IPO) by the erstwhile entity PEBS during the financial year 2015-2016, and utilisation of said funds as at March 31, 2022 are as follows: Laichs) : 426 430 (in upto amount 31, 2022 UnutiHsed March 3,400 370 5 . Utilisation upto March 31,2022 prospectus 3,400 800 1,079 521 5.800 per as issue the of Objects services engineering and by the Company the expansion of design Particulars facilities availed and hardware) for full or part, of certain working capital of infrastructure (including software 4) Repayment/ prepayment, in 8) Financing the procurement £) General corporate purposes D) Share issue expenses Total ended quarter the during lakhs 2,000 of % consideration a for Hyderabad Mandal, Sangareddy District, ended March 31, 2021. Ramachandrapuram the quarter and yaar Bandalguda Village, financial results for situated at standalone land and been temporarily invested in in mutual funds and other bank balances. meeting held on August 12, 2020, the Company has sold a portion of its of t 1996 lakhs has been disclosed as exceptional item in the consolidated 2022, unutilised funds have approval of the board at its Upon Sale, resultant profit As on March 31, Pursuant to the March 31, 2021. into come will Code the which on date the However, India. of Gazette the in published been has Code 2020. The effective. September becomes assent in the Code Presidential in the period benefits received any related impact post-employment and will record and effect employment comes into during when it benefits the Code employee impact of to the relating assess 2020 ('Code') The Group will Security, notified. Social been on not The Code effect has 10, of borrowings term long of maturities current amendments, such Pursuant to 01, 2021. liabilities, from April financial current under ial periods 'Borrowings' to fi Act 2013, applicable for 'Other financial liabilities' from of the Comp reclassified III been ded Schedule respectively have (MCA) through notification standalone financial results Corporate Affairs consolidated and of in Ministry 31, 2021 2021, the at March On March 24, 5,220 lakhs as 11. (Page 4 of 5) This is an excerpt of the original content. To continue reading it, access the original document here .

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