SOMANY IMPRESA GROUP COMPANY

NEAPS/BSE ONLINE

28" October, 2020

The Corporate Relationship Dept., BSE Ltd.,

Phiroze Jeejeebhoy Towers, 1“ Floor, New Trading Ring

Rotunda, Dalal Street,

Mumbai - 400 001

The Secretary,

National Stock Exchange of India Ltd., Exchange Plaza, 5th Floor,

Plot No. C/1, G-Block

Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051

Dear Sir/Madam,

Sub: Un-audited Financial Results and Limited Review Report for the second quarter

and half year ended 30" September, 2020

In compliance with the requirements of Regulations 30 and 33 of the SEBI (Listing

Obligations and Disclosure Requirements) Regulations, 2015, we have enclosed herewith Un-audited Financial Results together with Segment wise Revenue, Results, Assets and

Liabilities for the second quarter and half year ended 30" September, 2020 including Statement of Assets and Liabilities and Cash Flow Statement for the half year ended 30"

September, 2020, duly recommended by the Audit Committee and subsequently considered and approved by the Board of Directors in their meeting held on Wednesday, 28" October, 2020 along with the Limited Review Report of the Statutory Auditors thereon.

The Meeting of Board of Directors commenced at 3:00 p.m. and concluded at 5:30 p.m.

This is for your reference and record.

For HSIL Linajted

| : etary un

(Pulkit Bhasin) Company Secretary

Name: Pulkit Bhasin

Address: 301-302, 3d Floor, Park Centra, Sector-30, Gurugram-122001

Membership No.: 27686

Encl: As above

HSIL Limited Corporate Office: 301-302, 3“ Floor, Park Centra, Sector-30, NH 8, Gurugram, Haryana-122 001, India, T. +91 124 477 9200

Registered Office: 2, Red Cross Place, Kolkata-700001, West Bengal, India. T. +91 33-22487407/5668

hsilinvestors@hsilgroup.com | www.hsilgroup.com | CIN: L51433WBI960PLC024539

P GP > Greendrop AGI glaspac GARDEN POLYMERS AGI CLOZURES

] ODHA 12, Bhagat Singh Marg, New Delhi - 110 001, India

lame Telephone :91 11 23710176 / 23710177 / 23364671 / 2414

& CO Fax : 91 11 23345168 / 23314309 E-mail : delhi@lodhaco.com

Chartered Accountants

Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited

Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing

Obligations and Disclosure Requirements) Regulations, 2015, as amended.

Review Report to

The Board of Directors

HSIL Limited

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

Limited (the "Company") for the quarter ended 30‘ September, 2020 and year to date

from 1s April , 2020 to 30% September , 2020 (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 (the

"Listing Regulations").

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 Indian Accounting Standard 34,

(Ind AS 34) "Interim Financial Reporting" 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 our review.

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 Auditor of the Entity" issued by the Institute of Chartered Accountants of

India. 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 of

interim financial information consists of making inquiries, primarily of persons

responsible for financial and accounting matters, and applying analytical and other

review procedures. A review is substantially less in scope than an audit conducted in

accordance with Standards on Auditing and consequently does not enable us to obtain

assurance that we would become aware of all significant matters that might be identified

in an audit. Accordingly, we do not express an audit opinion.

Kolkata Mumbai New Delhi Chennai Hyderabad Jaipur

4. Based on our review conducted as 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 aforesaid Indian Accounting

Standards (‘Ind AS’) specified under Section 133 of the 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

the Listing Regulations, including the manner in which it is to be disclosed, or that it

contains any material misstatement.

Other matters

5. We draw attention to Note 2 to the Statement which explains the impact of COVID-19

(Coronavirus Pandemic) on the operations of the Company and the management

assessment thereon.

Our conclusion in respect of matter stated above is not modified.

For LODHA & CO,

Chartered Accountants

Firm Registration No: 301051E

fal’ (Gaurav Lodha)

Partner

Membership No. 507462

UDIN: 20507462AAAAYU7940

Place: Delhi

Date: 28th October 2020

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————

HSIL Limited (Rin crore)

STATEMENT OF ASSETS AND LIABILITIES As at As at

Particulars 30th September 2020 31st March 2020

(Unaudited) (Audited)

A|ASSETS

1 |Non-current assets

a) Property, plant and equipments 1,765.12 1,806.69

b) Capital work in progress 72.05 33.00

c) Goodwill 10.73 10.73

d) Other intangible assets 2.21 2.27:

e) Financial assets

i) Investments 11.73) 11.73

ii) Loans 16.90 16.78

iii) Other financial assets 0.84 0.84

f) Income tax asset (net) 22.82) 60,12

g) Other non-current assets 31.35) 32.07

Total non-current assets 1,933.75 1,974.23

2 |Current assets

a) Inventories 414.17) 407.98

b) Financial assets

i) Investments - -

ii) Trade receivables 292.37] 293.04

iii) Cash and cash equivalents 5. 24.94

- iv) Bank balance other than (iii) above 93.71 22.56

v) Loans 0.01) 0.02

vi) Other financial assets 35.63} 22.44

c) Other current assets 72.45) 76,64

d) Assets held for sale 7.65) 46.54

Total current assets 921.10 894.16

TOTAL ASSETS (A=1+2) 2,854.85 2,868.39

B | EQUITY AND LIABILITIES

1 | Equity

a) Equity share capital 14.46) 14.46

b) Other equity 1,239.28 1,242.42

Total equity 1,253.74 1,256.88

2 |Non-current liabilities

a) Financial liabilities

i) Borrowings 727.83) 728.70

ii) Other financial liabilities 18.82! 18.75

b) Provisions 8,39} 8.02

c) Deferred tax liabilities (net) 237.22 236.35

d) Other non-current liabilities 1.73 1.81,

Total non-current liabilities 993.99 993.63

3 |Current liabilities

a) Financial liabilities

i) Borrowings 202.34 208.73

ji) Trade payables

- Due to micro and small enterprise 16.20) 10.94

- Due to others 154.42 184.28

ili) Other financial liabilities 188.69) 171.16

b) Other current liabilities 35.03) 32.84

c) Provisions 10.44 9,93

Total current liabilities 607,12 617.88

Total liabilities (2+3) 1,601.11 1,611.51

TOTAL EQUITY AND LIABILITIES (B=1+2+3) 2,854.85 2,868.39

LM? eX a o xo

HSIL Limited

Statement of cash flows for the period ended 30th September 2020

(% in crore)

: Period ended Vesvended

Particulars 30th al 31 March 2020

(Unudited) (Audited)

CASH FLOW FROM OPERATING ACTIVITIES

Profit before exceptional items and tax as per statement of profit and loss 7.05 75.00

Adjustments for: a

Depreciation & Amortisation 60.29 142.88

(Gain)/Loss on disposal of property, plant & equipment 3.98 (2.95)

Provision for expected credit loss 2.62 2.24

Deferred government grant (1.01) (2.92)

Net Foreign Exchange (Gain)/loss (6.31) 26.13

Sundry balances and liabilities no longer required, written back (4.31) (3.94)

Interest Income (10.03) (1.39)

Finance cost 38.34 73,48

Operating Profit before Working Capital Changes 90.62 308.53

Working capital adjustments:

Decrease/ (Increase) in trade and other receivables (19.53) 23.91

Decrease/ (Increase) in inventories (6.19) (117.31)

Decrease/ (Increase) in Other Assets 4.30 (9.03)

Increase/ (decrease) in trade and other payables (13.91) (95.02)

Increase/ (decrease) in Provision 0.88 1.01

56.17 112.09

Income - tax refund/ (paid) (Net) 50.41 (5.33)

Net cash flows generated from (used in) operating activities after exceptional items 106.58 106.76

CASH FLOW FROM INVESTING ACTIVITIES

Interest Received 9.74 0.95

Loan received /(Paid) = 0.18

Payment for property, plant and equipment (60.31) (133.25)

Proceeds from disposal of property, plant and equipment 38.63 36.51

Movement in other bank balances (71.15) (19.28)

Net cash flows generated from (used in) investing activities (83.09) (114.89)

CASH FLOW. FROM FINANCING ACTIVITIES

Proceeds from borrowings 43.23 56.77

Repayment of borrowings 5 (24.57) (17.87)

Movement in short term borrowings (Net) (6.39) 56.74

Buyback of shares including transaction cost (Refer note 7) (0.26) =

Taxes on dividend paid - (5.43)

Dividend paid to owners of the company (21.42) (20.75)

Interest Paid (33.91) (71.90)

Net cash flows generated from (used in) financing activities (43.32) (2.44)

Net increase (decrease) in cash and cash equivalents (A+B+C) (19.83) (10.57)

Cash and cash equivalents at the beginning of the year 24.94 35.51

Cash and cash equivalents at year end AE 5.11 24.94

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