half year ended 30 September, 2020. · 2020. 11. 11. · Mumbai- 400 001 Mumbai — 400 051 Scrip...

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November 11, 2020.

To, To, The Secretary, The Secretary,

BSE Limited, National Stock Exchange of India Ltd.,

P.J. Towers, Exchange Plaza, C-1, Block G,

Dalal Street, Bandra Kurla Complex, Bandera (E),

Mumbai- 400 001 Mumbai — 400 051 Scrip Code: 539542 Symbol: LUXIND

Dear Sir,

Sub: Newspaper Publication of Unaudited Financial Results of the Company for the quarter and

half year ended 30" September, 2020.

Enclosed please find the newspaper Publication of Unaudited Financial Results of the

Company for the quarter and half year ended 30'* September, 2020 published in the following

newspapers:

1. Economic Times (National Daily Newspaper) on Wednesday 11" November, 2020.

2. Ei Samay (Regional Newspaper) on Wednesday 11'" November, 2020.

This is for your information and record.

Thanking You

Yours faithfully, for LUX INDUSTRIES LIMITED

Gmncke. Nighae

Smita Mishra (Company Secretary & Compliance Officer) M.No.: A26489

LUX INDUSTRIES LIMITED PS Srijan Tech - Park, 10th Floor, DN - 52, Sector - \V, Saltlake, Kolkata - 700 091, Indla. P: 91-33-4040 2121, F: 91-33-4001 2001, E: [email protected]

Regd. Office: 39 Kall Krishna Tagore Street, Kolkata - 700 007, India, P: 91-33-2259 8155, Website: www.luxinnerwear.com @ CIN : L17309WB1995PLC073053

CCING3.7 Product: ETKolkataBS PubDate: 11-11-2020 Zone: KolkataCity Edition: 1 Page: ETKCPG11

THE ECONOMIC TIMES | KOLKATA | WEDNESDAY | 11 NOVEMBER 2020 | WWW.ECONOMICTIMES.COM

User: manish.kumari0 Time: 11-10-2020 22:04 Color:

Economy: Macro, Micro & More

Quarterly GSTRs Pose New Hurdles for MSMEs

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Guiveen.Aulakh @timesgroup.com

New Delhi: Quarterly goods and services tax (GST) return filings for small businesses is turning out to be a double-edged sword. A key relaxation in compliance for mi-

cro, small and medium enterprises (MSMBs) is leading to blockage of input credit tax and cash flow issues for large companies that have to file monthly GST returns and prompting them to change suppliers. Payments to smaller companies which ha-

ve annual turnover of upto Rs 5croreand file returns on a quarterly basis are also get- ting delayed by large companies owing to reconciliation issues cropping up in GST returns, said people aware of the matter. “The purchaser can typically claim the

input credit on a quarterly basis even though the invoice is paid (including GST) earlier... this leads to cash flow issues for the purchaser,” said Pratik Jain, tax part- neratPwC India. This has prompted bigger companies to

change suppliers, said industry executi- ves. Industry has flagged the issue to the government, they said. “Large buyers tend to shirk suppliers fi-

ling quarterly returns due to delays in reconciliation of accounts... several small-

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Paya Cp ge large cosdueto

scale suppliers are afraid that large companies may not continue supply cont- racts,” said Anil Bhardwaj, secretary ge- neral at the Federation of Indian Micro and Small & Medium Enterprises. However, smaller companies have star-

ted tofind waysaround theproblem, he said. Entities with turnover of up to Rs 1.5 crore have been allowed to file quarterly returns and thefacility will beavailableto those with turnover of up to Rs 5 crore from 2021. The change was made by inserting Rule 36

(4) in the GST rules from October last year, specifying that input tax credit to be availed by a taxpayer in respect of invoices or debit notes which have not been uploaded by the suppliers in GSTR-1 return shall not exceed 10% of the eligible ITC available. Most of the MSMEs and small suppliers had opted for quarterly filing of return, said industry ex- ecutives. Small businesses act as a feeder to large

conglomerates, and due to the operation of online tax credit matching, such large enterprises face a lot of hassles in monthly reconciliation. Therefore, many businesses have stopped on-boarding vendors who file quarterly tax returns, said Rajat Mohan, senior partner at AMRG Associa- tes. FISME’s Bhardwaj said some of the

smaller firms had begun filing monthly returnstomitigate credit blockageand re-

_ issues moving away , especially in from MSME Covid times suppliers

Ensure All A/cs Seeded with Aadhaar: FM New Delhi: Finance minister ded and are also linked with Nirmala Sitharaman on Tu- Permanent Account Number esday asked banks to ensure by March31, 2021. all accounts are Aadhaar-see- “Twould think ideally by De-

cember, if not by 3lst March, 2021, every account should have a PAN where needed and applicable and Aadhaar in every case,” Sitharaman said during the virtual annual ge-

neral meeting (AGM) of the Indian Banks’ Association. FM also asked banks to ensure they are using the latest technology applications to close loopholes. —Our Bureau

LARGE COS

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NAC EME NET It Cad

SMALL COS EXPERTS have also sounded ( suggest rule out govt for changes for finding solution fixing anomaly

conciliation issues for larger companies, ensuring smoother payments. “GSTN has also stabilised and thanks to

intermediary companies filing is not as cumbersome as it used to be initially,” he said. Taxexpertssaidthe government should lo-

ok at correcting theanomaly. “Allow the purchaser to claim input credit on amonthly basis and apply the 10% rule (wherein the cre- ditis limited to 110% of the amount reflected on the portal) on a quarterly basis with respect to purchases from smaller vendors,” said PwC’s Jain. This may need changes in the GSTN sy-

stem, though, he said. “As done during Covid, the government

may consider relaxing the restrictions under Rule 36(4), and allowing provisional cre- dits to all with quarterly or half yearly appli- cation of Rule 36(4), so that it takes care of mismatch in the monthly vs quarterly filings,” said Harpreet Singh, indirect tax partner at KPMG India.

Pte So

ETB oD

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mm (eonea, LID. CIN No. : L17229UP1994PLCO17199

Registered & Corporate Office : Kamla Tower, Kanpur-208 001 (U.P)

Ph, : +91 512 2371478 to 81 ; Fax : +91 512 2399854/ 2332665;

website: www.jkcement.com ; e-mail: [email protected]

EXTRACT OF CONSOLIDATED AND STANDALONE UNAUDITED FINANCIAL RESULTS

FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2020

@ in lacs)

CONSOLIDATED

Mormon == MYO YCOL Half Year

Particulars Ended Ended Ended Laprel=e}

30.09.2020 30.06.2020 30.09.2019 30.09.2020

(Unaudited) (Unaudited) (Unaudited) (Unaudited)

1. | Total Income 1,66,295.30 | 1,02,497.70 1,33,513.14 2,68,793.00

2. | Net Profit before Interest, Depreciation, Exceptional Items and Tax 43,908.87 21,234.17 25,646.66 65,271.04

3. Net Profit for the Period before Tax (before Exceptional and 32,402.30 9,254.18 13,471.58 41,656.48 Extraordinary Items)

Net Profit for the Period before Tax (after Exceptional and 4. Extraordinary Items) 32,402.30 9,254.18 13,471.58 41,656.48

Net Profit for the period after tax (after Exceptional and 5. Extraordinary Items) 22,155.78 4,994.64 7,950.59 27,150.42

6. | Total Comprehensive Income for the Period 21,435.75 5,685.06 8,388.37 27,120.81

7. | Equity Share Capital (Face Value of % 10/- Per Share) 7,726.83 7,726.83 7,726.83 7,726.83

8. | Basic and Diluted Earnings Per Share (of %10/- each)

(Not Annualized) @) | Before Extraordinary Items (in 2) 28.67 6.46 10.29 35.14 (i)) After Extraordinary Iterns (in 2) 28.67 6.46 10.29 35.14

Notes:

1. The above is an extract of the detailed format of Unaudited Financial Results filed with the Stock Exchanges under Regulation 33 of the SEBI {Listing and Other Disclosure Requirements) Regulations, 2015. The full format of the quarter and half year ended consolidated and

standalone financial results are available on the Stock Exchange websites:- www.nseindia.com, www.bseindia.com and on the Company's website www.jkcement.com.

2. Key Standalone Financial Information:

Gold Loan Market to Reach 24.6L Cr in FY22

[email protected]

Kolkata: Scores of Indians are using their gold holdings as collaterals to meet their financial needs, cashing in on rising gold prices amid the pandemic and economic recession, and helped by branch network expansion and greater technology use by non-bank gold loan providers. The trend is expected to continue and help the

organised gold loan market to grow 15.7% a year to reach $62.8 billion, or about Rs 4,61,700 crore, in 2021-22 from $47 billion, or Rs 3,44,800 crore, in 2019-20, a report released by the World Gold Co- uncil on Tuesday said. The report, ‘Gold loans help India weather the

Covid-19 storm’ said a 28.8% rally in domestic gold price this year and the need for quick credit among small businesses will spur gold loan growth. Many banks and non-banking institutions target this product segment due to its ac- ceptable risk profile. While unorganised lending has always coexisted.

with gold markets in India, over the past decadese- veral banks and established non-banking finance companies have entered the segment and made in- stitutionalised gold loans ubiquitous. Somasundaram PR, managing director, India,

of World Gold Council, said the recent rise in de-

mand for gold loans through banks and NBFCs started in July 2019 when prices of the yellow metalstarted movingup sharply, though the Co- vid-19 outbreak gave it afurther boost. Muthoot Finance and Manappuram Finance,

two of the country’s top NBFCs focused on gold loans, expect their gold loan asset under mana- gement (AUM) to grow by 15-20% inthe current financial year, the WGC report said. The 28.8% rally in domestic gold price so far

this year has led to increased demand for gold loans. Borrowers have benefited from higher loan value for the same collateral while lenders have benefited from lower loan-to-value (LTV) ratios on their existing loans and higher demand.

UEP AWA ZILLA PARISHAD

eoNIT-24 of 2020-24 & e-NIT-22 of 2020-24

Tender Ref HoEAIT-2t of 2-21 & EAT 2 of 2021

STANDALONE

OU ayaa OL MARMOL MY COAL Half Year

Particulars Ended Ended Ended Ended

30.09.2020 30.06.2020 30.09.2019 30.09.2020

(Unaudited) (Unaudited) (Unaudited) (Unaudited)

1. | Total Income 1,57,941.48 98,529.97 | 1,27,215.46 2,56,471.45

2. | Net Profit before Interest, Depreciation, Exceptional Items and Tax 41,861.43 21,648.24 25,686.19 63,509.67

3. Net ero oy tong before Tax (before Exceptional and 32,601.33 12,042.69 16,409.61 44,644.02

4. Net Prot oy the Period before Tax (after Exceptional and 32,601.33 12,042.69 16,409.61 44,644.02

5. etreordinary item) after Tax (after Exceptional and 22,352.40 7,768.36 | 10,879.44 | 30,120.76

6. | Total Comprehensive Income for the Period 22,320.48 7,736.44 10,901.36 30,056.92

7. | Equity Share Capital (Face Value of = 10/- Per Share) 7,726.83 7,726.83 7,726.83 7,726.83

8. | Basic and Diluted Earnings Per Share (of = 10/- each) (Not Annualized) @ | Before Extraordinary Items (in 3 28.93 10.05 14.08 38.98

Gi) After Extraordinary Items (in 2) 28,93 10.05 14,08 38,98

e-tender are invited from

reputed and resourceful

contractors/agencies for 22

Witha higher gold price and greater liquidity needs amid the pandemic blues, it is believed that Co- vid-19 would induce higher gold recycling from Ind AS 110- Consolidated financial statements. Place : Kanpur Date : Sth November, 2020

3. These financial results have been prepared in accordance with Indian Accounting Standards (Ind-AS) as prescribed under section 133 of Companies Act 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules 2015 and relevant amendment thereafter. The said financial results of the Parent Company and its subsidiaries [together referred as the “Group”] have been prepared in accordance with

For and on Behalf of the Board of Directors

Raghavpat Singhania ManagIng Director DIN No. 02426556

consumers. works & 21 works respectively However, most within Purba Bardhaman

people use the- es) EAST CENTRAL RAILWAY (23) District. Closing date of bid ir gold hol- @ Si cr submission is 21.11.2020 & dings as colla- E-Tender Notice 24.11.2020 respectively. For teral to obtain e-tender Notice No. 41 of 2020-21 (Open)| | further details, please log on their — finan- -Engg/DDU h etendeng) for tel | a2 b site:

i - In line rough e-tendering) tor the i ta %

fing needsrat following workis invited by DRM/Engg/DbU| | Https://etender.wb.nic.in. er than Out for and on behalf of the President of India Sal.

right selling. from experienced and financially as well as dl-

Indian Jewellers Want Biden

to Bring Exports Under GSP Sutanuka.Ghosal @timesgroup.com

Kolkata: Indian gem and jewellery exporters want the US President-elect Joe Biden to bring jewellery exports from India to the US under GSP (ge- neralised system of preferen- ces) to give India a competitive edge over China. “The council will once again

raise the issue of India’s inclu- sion in GSP for gems and jewellery so that we can have a competitive edge over our Chinese counterparts,” said Colin Shah, chairman, Gem & Jewel- lery Export Promotion Coun- cil(GJEPC). Under President Donald

Trump, the US had withdrawn its preferential treatment to In- dian exports under the GSP granted to India and some other developing countries in

PAST RECORD

Indiangem and jewellery exports suffered when the US with-

drew GSP in 2007, 2008 and 2009

1976 that allowed some Indian exports to get duty-free access into the US, allowing Indian exporters to export more and de- velop faster. The withdrawal of GSP became effective from Ju- ne5, 2019. An optimistic Shah said Bi-

den has been a vice president under Obama for 8 years and has been a friend and suppor- ter of India during that period and he expects his stance to- wards India to reflect in econo- micand trade policies.

technically sound contractors including those enlisted with the Railway, CPWD, BSNL, MES, PWD and other public sector undertakings. SI.No. 1. Tender No. 17-DDU-SRDEN-I-20-24 (i) Name of work with its location : Raising of speed from 15 Kmph to 30 kmph at KTQ DN loop by slewing/linking of track including extension of platform and Shallow Screening of track and turnouts in the section of SSE (P. Way)/CDMR & BBU under ADEN/IV/DDU. (ii) Approx. cost of the work: % 5363091.02, {iii) Earnest Money : = 107300.00, {iv) Date & time for submission of e-tender : 01.12.2020,

Up-to 12:00 hrs. SILNo. 2. Tender No. 21-DDU-SRDEN-I-20-21 (i) Name of work with its location : Replacement of existing CMS Crossing with WCMS, Replacement of switches with TWS and Replacement of SEJ with improved SEJ etc. on Main line in the jurisdiction of Sr. DEN/1/DDU in G.C. Section. (ii) Approx. cost of the work: = 13728066.65, (iii) Earnest Money : 2 218700.00, (iv) Date & time for submission of e-tender : 01.12.2020, Up-to 12:00 hrs. Website particulars of e-tendering : www.ireps.gov.in

Divisional Railway Manager, Pt. Deen

Dayal Upadhayaya PR/0898/DDU/Eng./T/20-21/52

District Engineer Purba Bardhaman Zilla Parishad

For Kind Attention of Shareholders : As a part of Green Initiative of the Government, all the Shareholders are requested to get their email addresses registered with the Company for receiving Annual Report, etc. on email. = yKksoper 2K SOPER JKSOPER JKCcEMENT omaxy JK CEMENT —___,

a KSTEFR SIRONG STRONG [ihiGOMa Max >< BUILD SAFE cCONcMETEePEGAL Weather shied White Portland Cement White Cement Bosed Putty

JK CEMENT. x Bp xt ‘ rrCidMax Seat ow i rime GypPsomMa

Til em ber x. ‘White Camant Based Wall Dressing Sule lcinex Premium Gypsum Plaster

Stay protected from Corona

Wear your mask properly

Frequently wash your hands with soap

NO CARELESSNESS UNTIL THERE IS A CURE

eae BUC DEPARTMENT of AGRICULTURE, ANIMAL HUSBANDRY &CO-OPERATIVE

RATES US PTSD ALTE OI Let CH

NOTICE INVITING e-TENDER FOR SUPPLY OF VETERINARY MEDICINES, and OTHERS

(Technical- 1 & Financial- 2)

liability.

ap

WN

attached.

experience in manufacturing and marketing for sup Dispensaries, Veterinary Hospitals, Pet-Clinics, Mobile Polyclinics, Referral Veterina Poultry Farms and others institutions situated at different Districts of Jaarkhand under Two Bid System

EMD as BG in Animal

e-Tender No. 02/2020-21 Online e-tenders are invited from sole manufacturers/loan licensee having minimum 3 years’

ply of veterinary medicines and others for Veterinary

1. After publication of the N.LT, the desirous bidders may download tender documents along with terms & conditions from the Website. https: //www,jharkhandtenders.gov.in and https:// www.jharkhand.gov. in but submit only through NIC e-tender portal https: //www.jharkhandtenders.gov.in with the help of Digital Signature Certificate (DSC). Disclosure of rate other than financial bid will disqualify the bidder. Estimated Contract Value- Rs 6 Cr. or less if any due payment of previous year's rate contract exist as

. Validity Period - One Year from the date of agreement.

. Each tenderer, will have to deposit Tender fee in form of DD of Rs 10,000/- (Ten Thousand) and Earnest Money Rs.2,00,000/- (Rupees Two Lakhs) in form of Bank Guarantee(BG), of any nationalized Bank in favour of Director Animal Husbandry, Jharkhand p pay

being relaxed for MSEs of Jharkhand, however proper documents regarding relaxation should be

6. The under mentioned schedule is fixed; however, the undersigned reserves the right te change the date of activities in case of any exigencies through a notice in the government website viz & Notice Board at official address Director, Animal Husbandry, Pashupalan Bhawan, Hesag, Hatia Ranchi Pin- 834003.

start

start m

directorate Offi

PR 235595 (Animal Husbandry)20-21#D

Hospitals, Animal/

ayable at Ranchi. Fees are

02.12.2020

Sd/- Director Animal Husbandry

Jharkhand Ranchi

Lux® LUX INDUSTRIES LIMITED

CIN : L17309WB1995PLC073053

Regd. Office: 39, KALI KRISHNA TAGORE STREET, KOLKATA - 700 007

Email: [email protected], Website:www.luxinnerwear.com, Ph : 033-40402121, Fax : 033-40012001

Promises and performances that ensure comfort EXTRACT OF UN-AUDITED FINANCIAL RESULT: R THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2020

@ in Lakhs)

STANDALONE CONSOLIDATED PARTICULARS

Quarter Ended Half Year Ended Quarter Ended Half Year Ended

30.09.2020 | 30.09.2019 | 30.09.2020 | 30.09.2019 | 30.09.2020 | 30.09.2019 | 30.09.2020 | 30.09.2019

(Un-audited) | (Un-audited) | (Un-audited) | (Un-audited) | (Un-audited) | (Un-audited) | (Un-audited) | (Un-audited)

Total income from operations (net) 38,300.04) 35,510.91 62,904.71 61,783.11 | 38,779.48 35,486.65 | 63,499.37 | 61,798.43

Net Profit / (Loss) before exceptional items and tax 6,949.52 4,948.13 11,087.53 7,966.91 6,842.81 4,804.51 10,910.21 7,703.94

Net Profit / (Loss) after exceptional items before tax*| 6,949.52 4,948.13 11,087.53 7,966.91 6,842.81 4,804.51 10,910.21 7,703.94

Net Profit / (Loss) after tax attributable to the

owners of the Company 5,173.76 4,205.11 8,323.04 6,203.71 5,120.38 4,059.88 8,239.61 5,937.62

Total Comprehensive Income for the period (Net of

Tax) attributable to the owners of the Company 5,170.09 4,207.63 8,315.69 6,208.16 5,116.73 4,062.40 8,232.30 5,942.07

Equity Share Capital (Face value Rs. 2/- per share) 529.98 529.98 529.98 529.98 529.98 529.98 529.98 529.98

Earnings Per Share (Basic & Diluted)

(Face value Rs. 2/- per share)** 20.49 16.65 32.96 24.57 20.28 16.08 32.63 23.51 * There was no exceptional and extra-ordinary item for the above-mentioned period.

“Not Annualised

Notes :

1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on November 10, 2020 .

2. AScheme of Amalgamation of the Company with J.M. Hosiery & Co. Limited and Ebell Fashions Private Limited has been approved on June 26th, 2018 by the Board of Directors of the respective companies and has been filed with the National Company Law Tribunal (NCLT) after receiving approvals from respective stock exchanges, NCLT has directed meeting of shareholders and creditors of Transferor and Transferee Companies to be held on 27th November, 2020. Pending the

regulatory approvals, no effect of the proposed merger has been considered in this Statement.

3. The above is an extract of the detailed format of un-audited Financial Results filed with the Stock Exchange under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The full format of the Un-audited Financial Results are available on the Stock Exchange website (www.bseindia.com and www.nseindia.com) and on the Company's website (www.luxinnerwear.com)

Place : Kolkata

Date : November 10, 2020

c sk" COZL VENUS

THEORIGINAL @TYLEWEAR

e Few of our Best Sellers «

% ONN Infer QUILTED THERMALS-

By Order of the Board

for LUX INDUSTRIES LIMITED

Sd/- Ashok Kumar Todi

Chairman

DIN-00053599

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half year ended 30 September, 2020. · 2020. 11. 11. · Mumbai- 400 001 Mumbai — 400 051 Scrip...

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Transcript of half year ended 30 September, 2020. · 2020. 11. 11. · Mumbai- 400 001 Mumbai — 400 051 Scrip...