@

TWENTYFIRST CENTURY MANAGEMENT SERVICES LIMITED

Regd. Office : G-3, Old No.28A, New No.67, Eldams Road, Alwarpet, Chennai - 600018.
Website : www.tcms.bz, E-mail : investors@tcrns.bz, Tel. : 044-24330006, Fax : 044-24328252
CIN : L74210TN1986PLCO12791

9•h February 2023

.The Listing Department National Stock Exchange of India Limited

Bombay Stock Exchange Limited Listing Division
PhirozeJeejeebhoy Towers Exchange Plaza, Bandra-Kurla Complex
Dalal Street, Mumbai-400 001 Bandra- East, MUMBAI- 400 051
Scrip Code: 526921 Scrip Symbol: 21STCENMGM

Dear Sir/Madam,

Sub: Outcome of the Board Meeting held on 9th February 2023

This is in continuation of our letter dated 30th January 2023 and pursuant to SES! (Listing Obligations
and Disclosure Requirements) Regulations, 2015, a Meeting of the Board of Directors of the
Company was held today - 9 111 February 2023 and the Board inter- alia transacted the following:

1. Pursuant to Regulation 30 and 33 of SEBI (LODR) Regulations, 2015 the Unaudited

1
Financial Results (Standalone and Consolidated) of the Company for the quarter ended 31 '
December 2022 together with the Limited Review Report thereon issued by the Statutory
Auditors are enclosed.

The enclosed unaudited financial results have been duly reviewed by the Audit Committee
th
and approved by the Board of Directors of the Company at their meeting held on 9 February
2023 .

The meeting started at 4.00 p.m. and ended at 4.30 p.m.

The notice of the board meeting was published in TRINITY MIRROR (ENGLISH) & MAKKAL
KURAL (TAMIL) on 31s• January 2023.

The above information is also posted on the website of the Company at www.tcms.bz. The extract of
the above approved financial results will be published in the regional newspapers in Tamil and
English at Chennai .

Kindly take the same on your records.

Thanking you,

Yours faithfully,
FOR TWENTYFIRST CENTURY MANAGEMENT SERVICES LIMITED

CHIEF EXECUTIVE OFFICER

Encl: as above

Corporate Office: Grease House, Zakaria Bunder Road, Sewri West, Mumbai - 400 015.
Tel.: 022-24156538 I 24156539, Fax : 022-24115260
SHANKAR fil7 KISHOR
CHARTERE D AC C O U NT ANTS
CA SHANK.'IB B SHE'I'I'Y
B.Com.,(Hons) , F.C.A

CA PRATIKESH S SHET'I'Y
CAKRiJPAL C GOHEL
B.Com., A.C.A

B.Co m , F.C.A

Independent Auditors' Review Report on the Quarterly unaudited standalone

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 J?irectors,
TWENTYFIRST CENTURY MANAGEMENT SERVICES LIMITED,
Grease House, Zakaria Bunder Road, Sewri (W)
Mumbai- 400 015.

1. We have reviewed the accompanying statement of Standalone unaudited

financial results (the "Statement") of Twentyfirst Century Management
Servies Limited (the "Company") for the quarter ended 31 st
December ,2022 attached herewith. The Statement has been prepared by
the company pursuant to Regulation 33 of the Securities and Exchange
Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015 ("SEBI Regulations").

2'. The Statement which is the responsibility of the Company's Management

and has been approved by the Board of Directors, has been prepared in
accordance with the recognition and measurement principles laid down in
the Indian Accounting Standard 34 "Interim Financial Reporting" (Ind AS
34 ") prescribed under Section 133 of the Companies Act, 2013 read with
the relevant rules issued thereunder and other accounting principles
generally accepted in India. Our responsibility is to issue a report 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 ,he 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 is limited
primarily to inquiries of Company personnel and analytical procedures
applied to financial data and thus provided less assurance than an -audit.
We have not performed an audit and accordingly we do not _express an
audit opinion.
4. Based on our review conducted as stated above, nothing has come to our
attention that causes us to believe that the accompanying statement
prepared in accordance with the aforesaid Indian Accounting
Standards and other accounting principles generally accepted in
India, has not disclosed the information required to be disclosed in terms
of Regulation 33 of SEBI (Listing Obligation and Disclosure
Requirements) Regulations 2015 read with SEBI Circular no.
CIR/CFD/CMDl/44/2019 dated March 29, 2019 including the manner
in which it is to be disclosed, or that it contains any material
misstatement

Fo ankar & Kishor

C ed Accountants
F

..,.,,.. - 0-\\
0

•.v~•' - •

e1; s
ner
Mem. No. 038139
UDIN No - 23038139BGZDTR6853
Place: Mumbai
Date: 09.02.2023
 TWENTYFIRST CENTURY MANAGEMENT SERVICES LIMITED
G-3, Old No. 28A, New No. 67, Eldams Road , Alwarpet, Chennai-600018
CIN: L74210TN1986PLC012791, Website: www.tcms.bz
STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31ST DECEMBER 2022
Rupees in lakhs
Quarter ended Nine months ended Year ended
31-12-2022 30--09-2022 31-12-2021 31-12-2022 31-12-2021 31-03-2022
Unaudited Unauditeo Unaudited Unaudrted Unaudited Audited
SI. No. Particulars
1 Income from Operations (359.66) (130.65) (441.51) (882.20) (395.40) (1294.88)
2 Other Income 4.23 5.71 3.56 11.72 6.73 8.35
3 Total Revenue (355.43) (124.94) (437.95) (870.48) (388.67) (1286.53)

4 Expenses
Cost of materiasl consumed 0.00 0.00 0.00 0.00 0.00 0.00
Purchase of stock in trade 0.00 0.00 0.00 0.00 0.00 0.00
Change in invetories of finished goods, work in progress
and stock in trade 000 0.00 0.00 0.00 000 0.00
Employees benefits expense 40.41 36.46 45.43 11383 121.11 158.89
Finance costs 0.00 000 0.00 000 0.00 0.00
Depreciation and amortisation expense 1.30 1 02 1.28 3.15 3.82 5.07
Other expenses 6.21 13.07 9.37 36.50 43.26 61.75
Total expenses 47.92 50.55 56.08 153.48 168.19 225,71

5 ProfiV(Loss) before exceptional items and tax (403.35) ( 175.49) (494.03) (1023.96) (556.86) (1512.24)
6 Exceptional items 0.00 0.00 0.00 0.00 0.00 0.00
7 ProliV(Loss) after exceptional items but before tax (403.35) (175.49) (494.03) (1023 96) (556.86) (1512.24)

8 Tax expense
Current tax 000 0.00 0.00 0.00 0.00 0.00
Short provision of tax for earlier years 0.00 0.00 0.00 0.00 0.00 8.46
Deferred tax 0.00 0.00 0.00 0.00 0.00 0.88

9 ProliV(Loss) for the period from continuing operations (403.35) (175.49) (494.03) (1023.96) (556.86) (1521.58)
10 Other Comprehensive Income 4.31 12.83 (910.72) 4.31 (910.72) (58739)
11 Total Comprehensive Income for the period (399.04) (162.66) (1404.75) (1019.65) (1 467.58) (2108.97)

12 Paid-up Equity Capital 1050.00 1050.00 1050 00 1050.00 1050.00 1050.00

13 Earning per equity share (face value of Rs. 10 each)
Basic /Diluted EPS (3.84) (1.67) (4.71) (9.75) (5.30) (14.49)

Notes:

1 T he above unaudited financial resu lts were reviewed by the Audit Committee and approved by the Board of Directors
at its meeting held on 9th February 2023. The Statutory Auditors have carried out a limited review of the above
Financial Results.

2 The company operates in only one business segment i.e. Capital Market operations.

3 The Company is engaged in the business of trading and investments in equity shares which is subject to fluctuations.
Perfomance of the company for the quarter ended 31st December 2022 should not be taken as indicative of future
performance, due to the nature of risks involved in trading and investments in equity shares.

By the order o Board

Place: Mumbai Sund r Iyer

1/
Date: 09-02-2023 CEO
SHANKAR ~ KISHOR
C H ART E R E D ACCOUNTANT S
CA SHANK.l\R B SHETIY
B.C om.,(Hons), F.C .A

CA PRATIKESH S SHE.TIT
I
CZ:A KRUPAL C GOHEL
B.Com , A.C.A

B.C om., F.C.A

Independent Auditors' Review Report on the Quarterly Consolidated

Financial Results of the company Pursuant to the Regulation 33 of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 201S, as
amended

To,
The Board of Directors,
TWENTYFIRST CENTURY MANAGEMENT SERVICES LIMITED,
Grease House, Zakaria Bunder Road, Sewri (W)
Mumbai - 400 015.

1. We have reviewed the accompanying statement of Consolidated

unaudited financial results of Twentyfirst Century Management
Services Limited (the "Parent") and its subsidiaries (the parent and its
subsidiaries together referred to as the "the group"), and its share of the
net loss after tax and total comprehensive loss for the quarter ended 3151
December 2022 and for the period from 151 April,2022 to 3151
December,2022("The statement"), attached herewith being submitted
by the parent pursuant to the requirement of Regulation 33 of the
Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015, as amended (the "Listing Regulation").

2. This Statement, which is the responsibility of the Parent's Management and

approved by the Parent's Board of Directors, has been prepared in
accordance with the recognition and measurement principles laid down in
the Indian Accounting Standard 34 "Interim Financial Reporting" (Ind AS
34") prescribed under Section 133 of the Companies Act, 2013, 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. 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

-Square Corp Park, Sakivihar Road, Opp. Chandivali Petrol Pump, Powai, Mumb~
Tel.: 022 2858 8822 /33 /44 E-mail: cashankarkishor@gmai;~:0 ;
1

I
 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.

We also performed procedures in accordance with the circular issued by

the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, as amended,. to the extent
applicable.

4. We have also reviewed the unaudited financial information of the

Subsidiary- Twentyfirst Century Shares & Securities Limited, included in
the consolidated financial results.

5. Based on our review conducted and procedures performed as stated

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 and other accounting principles generally accepted
in India, has not disclosed the information required to be disclosed in
terms of Regulation 33 of SEBI (Listing Obligation and Disclosure
Requirements) Regulations 2015, as amended including the manner in
which it is to be disclosed, or that it contains any material misstatement.

For Shankar & Kishor

ered Account

--~ .--nkar Shetty

Partner
Mem No - 038139
UDIN No - 23038139BGZDTS1207
Place: Mumbai
Date: 09.02.2023
 TWENTYFIRST CENTURY MANAGEMENT SERVICES LIMITED
G-3, Old No. 28A, New No. 67, Eldams Road, Alwarpet, Chenn_ai-600018
CIN: L74210TN1986PLC012791, Website: www.tcms.bz
STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31ST DECEMBER 2022
Ruoeesin lakhs
Quarter ended Nine months ended Year ended
31-12-2022 30-09-2022 31-12-2021 31-12-2022 31-1 2-2021 31-03-2022
SI.No. Particulars Unaudited Unaudited Unaudited Unaudited Unaudited ·Audited
1 Income from Operations (359.66) (130.65) (441 .51) (882.20) 26883.22 25983.74
2 Other Income 2.73 17.46 2.06 20.47 40.37 41 .73
3 Total Revenue (356.93) (113.19) (439.45) (861 .73) 26923.59 26025.47

4 Expenses
Cost of materiasl consumed 0.00 0.00 0.00 0.00 0.00 0.00
Purchase of stock in trade 0.00 0.00 660.23 0.00 23394.22 23394.22
Change in invetories 0.00 0.00 (660.23) 0 .00 (660.23) (660.23)
Direct expenses 0.00 0.00 0.84 0.00 50.38 50.38
Employees benefits expense 40.41 36.46 45.43 113.83 121.11 158.89
Finance costs 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation and amortisation expense 1.74 1.46 1.87 4.47 5.59 7.43
other expenses 7.33 15.06 1536.76 42.46 1575.18 1600.04
Total expenses 49.48 52.98 1584.90 160.76 24486.25 24550.73

5 Profitl(Loss) before exceptional items and tax (406.41) (166.17) (2024.35) (1022.49) 2437.34 1474.74
6 Exceptional items 0.00 0.00 0.00 0.00 0.00 0.00
7 Profitl(Loss) after exceptional items but before tax (406.41 ) (166.17) (2024.35) (1022.49) 2437.34 1474.74

8 Tax expense
Current tax 0.00 0.00 (380.00) 0.00 0.00 0.00
Short provision of tax for earlier years 0.00 0.00 0.00 0.00 0.00 8.46
Deferred tax 0.00 0.00 0.00 0.00 0.00 0.50

9 ProfiV(Loss) for the period from continuing operations (406.41) (166.17) (1644.35) (1022.49) 2437.34 1465.78
10 Other Comprehensive Income (173.25) (191 .40) (1037.70) (173.25) (1037.70) (746.50)
11 Total Comprehensive Income for the period (579.66) (357.57) (2682.05) (1195.74) 1399.64 719.28

12 Paid-up Equity Capital 1050.00 1050.00 1050.00 1050.00 1050.00 1050.00

13 Earning per equity share (face value of Rs. 1Oeach)
Basic /Diluted EPS (3.87) (1.58' (15.66) (9.74) 23.21 13.96

Notes:

1 The above unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors
at its meeting held on 9th February 2023. The Statutory Auditors have carried out a limited review of the above
Financial Results.

2 Above result include those of the wholly owned subsidiary, Twentyfirst Century Shares & Securities Limited

3 Corresponding previous quarter figures are not comparable since subsidiary company has changed the method of disclosure of
revenues by disclosing gross turnover from cash market operations instead of showing net revenues as shown in correspoding
previous quarters.

4 The company operates in only one business segment i.e. Capital Market operations.

5 The Company is engaged in the qusiness of trading and investments in equity shares which is subject to fluctuations.
Perfomance of the company for the quarter ended 31 st December 2022 should not be taken as indicative of future
performance. due to the nature of risks involved in trading and investments in equity shares.

By the order of Board

Place: Mumbai Sundar Iyer

Date: 09-02-2023 ,,,,,,..-J ~,u . . . . . CEO
~~

ec JINDAL COTEX LIMITED

@ Regd. Off. : Village Mandiala Kalan, P.O. Bija, Tehsil Khanna, Distt. Ludhiana (PB) 141412
© +91 1628 289842 CIN: L17115PB1998PLC021084
O] info@sjgroup.in 3 www.jindalcotex.com

Dated: 14.02.2023

To

The Listing Department, The Listing Department,

BSE Limited National Stock Exchange of India Ltd.,
Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G,
Dalal Street, Bandra Kurla Complex,
Mumbai- 400001 Bandra (E)
Mumbai - 400 051

Sub: Disclosure under Regulation 30 & 33 of the SEBI (Listing Obligations and Disclosures
Requirements) Regulations, 2015

Re: Submission of Un- audited Standalone and Consolidated Financial Results for the Quarter
ended on 31.12.2022

Dear Sir,

In compliance with the provisions of Regulation 30 and Regulation 33 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform you that
the Board of Directors of the Company at their Meeting held on Tuesday, 14.02.2023, approved
the un- audited Financial Results for the quarter ended 31.12.2022.

The Board meeting commenced at 04.00 P.M. and concluded at 06:00 P.M.

We are pleased to enclose hereby:

1. Un- audited standalone Financial Results for the quarter ended 31.12.2022 and limited review
report for the same.
2. Un- audited consolidated Financial Results for the quarter ended 31.12.2022 and limited review
report for the same

Kindly find the said statement in order and take on record.

Thanking you,

Yours faithfully,
For Jindal Cotex Limited,

por’,
(Authorised Signatory)

ities,
 JINDAL COTEX LIMITED
@ Regd. Off. : Village Mandiala Kalan, P.O. Bija, Tehsil Khanna, Distt. Ludhiana (PB) 141412
© > +91 1628 289842 CIN: L17115PB1998PLC021084
D4] info@sjgroup.in $3 www.jindalcotex.com

STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER / NINE MONTH ENDED DECEMBER 31, 2022

Standalone
Quarter Ended Nine Month Ended F.Y Ended
Sl. Particulars 31.12.2022 | 30.09.2022 | 31.12.2021 31.12.2022 | 31.12.2021 31.03.2022
No.
(Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) (Audited)
1 |Income From Operations
a) Net Sales/Income from Operations (0.00) - 376.00 243.70 1,304.73 1,524.59
b) Other Operating Income s =
Total Income from operations (a+b) (0.00) - 376.00 243.70 1,304.73 1,524.59
Other Income (INDAS Adjustments) 280.83 244.44 255.39 819.54 745.51 1,001.53
Total Income 280.83 244,44 631.39 1,063.24 2,050.24 2,526.12
2 |Expenses
a) Cost of Materials consumed - - - - 404.49 404.49
b) Purchase of stock-in-trade (0.00) - 145.89 43.57 186.59 349.27
c) Changes in inventories of finished goods, works-in- . . . . 410.70 110.70
progress and stock-in-trade
d) Employee benefits expense 4.10 §.23 95.03 14.12 208.48 282.10
e) Finance Costs 24.66 48.64 22.11 96.33 65.92 90.32
f) Depreciation and amortization expense 0.34 0.34 148.88 1.13 446.70 546.04

g) Other Expenses 231.54 228.46 396.88 684.82 1,109.25 3,458.10

Total Expenses (a to g) 260.63 282.66 808.79 839.96 2,532.13 5,240.99
3 Profit/(Loss) from operations before exceptional 20.20 (38.23) (177.40) 223.28 (481.89) (2,714.87)
items & tax
4 {Share of profit/(Loss) of associate - - - - - -
5_|Profit/(Loss) from ordinary activities before 20.20 (38.23) (177.40) 223.28 (481.89) (2,714.87)
6 |Exceptional Items 87.57 803.24 1,444.87 890.66 1,444.48 12,908.38

7 |Profit/(Loss) from ordinary activities before tax 107.77 765.01 1,267.47 1,113.94 962.59 10,193.51

8 |Tax expense (including Deferred tax etc.) - - - - - -

9 |Net Profit/(Loss) from ordinary activities after tax 107.77 765.01 1,267.47 1,113.94 962.59 10,193.51

410 |Extraordinary Items - 7 - - - -

11 |Net Profit (Loss) for the period 107.77 765.01 1,267.47 4,113.94 962.59 10,193.51
12 |Other Comprehensive Income (net of tax) - - - - - -

13 |Total Comprehensive Income for the period 107.77 765.01 1,267.47 1,113.94 962.59 10,193.51

14 |PBDT 108.11 765.35 1,416.35 1,115.07 1,409.29 10,739.52

15 a equity share eapiial (raes Value Rs. 10) per 4,500.31 4,500.31 4,500.31 4,500.34 4,500.31 4,500.31
16 |Reserves excluding Revaluation Reserves - - :

47 (i) Earnings Per sale (before extraordinary items) 0.24 1.70 2.82 2.48 214 22.65
(Basic/Diluted):
47 (ii) Earnings Per Share (after extraordinary items) 0.24 1.70 2.82 2.48 214 22.65
(Basic/Diluted):
 JINDAL COTEX LIMITED
@ Regd. Off. : Village Mandiala Kalan, P.O. Bija, Tehsil Khanna, Distt. Ludhiana (PB) 141412
© +91 1628 289842 CIN: L17115PB1998PLC021084
4] info@sjgroup.in 3 www.jindalcotex.com

STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER / NINE MONTH ENDED DECEMBER 31, 2022

Consolidated
Quarter Ended Nine Month Ended ‘F.Y Ended
Si. Particulars 31.12.2022 | 30.09.2022 | 31.12.2021 34.12.2022 | 31.12.2021 31.03.2022
(Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) (Audited)
1 income From Operations
a) Net Sales/Income from Operations (0.00) - 376.00 243.70 1,304.73 1,524.59
b) Other Operating income -
Total Income from operations (a+b) (0.00) - 376.00 243.70 1,304.73 1,524.59
Other Income (INDAS Adjustments) 46.09 15.79 43.91 135.81 129.53 173.20
Total Income 46.09 15.79 419.91 379.51 1,434.26 1,697.79
2 |Expenses
a) Cost of Materials consumed - - - - 404.49 404.49

b) Purchase of stock-in-trade (0.00) - 145.89 43.57 186.59 349.27

c) Changes in inventories of finished goods, works-in- . . 7 . 410.70 110.69

progress and stock-in-trade
d) Employee benefits expense 4.10 5.23 95.03 14.12 208.48 282.10
e) Finance Costs 24.66 48.64 40.42 96.33 84.23 90.32

f) Depreciation and amortization expense 0.34 0.34 148.88 1.13 446.70 546.01

g) Other Expenses 31.60 28.51 178.61 87.16 493.27 2,664.85

Total Expenses (a to g) 60.69 82.72 608.83 242.31 1,934.46 4,447.72

3 |Profit/(Loss) from operations before exceptional (14.61) (66.93) (188.92) 137.20 (500.20) (2,749.93)
4 |Share of profit/(Loss) of associate - - - - : -
5 |Profit/(Loss) from ordinary activities before (14.61) (66.93) (188.92) 137.20 (500.20) (2,749.93)

6 {Exceptional Items 87.57 803.24 1,444.87 890.66 1,444.48 42,908.38

7 |Profit/(Loss) from ordinary activities before tax 72.96 736.31 1,255.95 1,027.86 944.28 10,158.45

Tax expense (including Deferred tax etc.) - - - - - -

9 |Net Profit/(Loss) from ordinary activities after tax 72.96 736.31 1,255.95 1,027.86 944.28 |- 10,158.45
10 |Extraordinary Items - - - - - -
11 |Net Profit (Loss) for the period 72.96 736.31 1,255.95 1,027.86 944.28 10,158.45

412 |Other Comprehensive Income (net of tax) - - - - - -

Non-controlling interests - : - :

14 |PBDT 73.30 736.64 1,404.83 1,029.00 1,390.98 10,704.46

15 Sar euuily Share Cepia! (Pace kalue Re. 10! per 4,500.31 4,500.31 4,500.31 4,500.31 4,500.31 4,500.31

16 |Reserves excluding Revaluation Reserves - - - -

47 (i) Earnings Per shale (before extraordinary items) 0.16 1.64 279 2.28 240 22.57
(Basic/Diluted):
47 (i) Earnings Per eins (after extraordinary items) 0.16 1.64 279 2.28 210 22.57
(Basic/Diluted):
 JINDAL COTEX LIMITED
@ Regd. Off. : Village Mandiala Kalan, P.O. Bija, Tehsil Khanna, Distt. Ludhiana (PB) 141412
© +91 1628 289842 CIN: L17115PB1998PLC021084
4 info@sjgroup.in 3 www.jindalcotex.com

Seament wise Standalone revenue, results,assets and liabilities for the Quarter/Nine month ended 31 Dec-2022

Standalone
Quarter Ended Nine Month Ended F.Y Ended
SI. Particulars 31.12.2022 | 30.09.2022 | 31.12.2021 31.12.2022 | 31.12.2024 31.03.2022
No.
(Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) (Audited)
1 |Segment Revenue
a) Textile (0.00) - 376.00 243.70 1,304.73 1,524.59
b) Wind Mill - - - - - -
Total (0.00) - 376.00 243.70 1,304.73 1,524.59
Less: Inter Segment Revenue
Net Sales/Income from Operations (0.00) - 376.00 243.70 1,304.73 1,524.59
2 |Segment Results
Profit/(Loss) before interest, exceptional items & tax from
each segment
a) Textile 20.20 (38.23) (177.40) 223.28 (481.89) (2,714.87)
b) Wind Mill - - - - - -
Total 20.20 (38.23) (177.40) 223.28 (481.89) (2,714.87)
Less: Interest - -

Total Profit/(Loss) before exceptional items & tax 20.20 (38.23) (177.40) 223.28 (481.89) (2,714.87)

3 |Segment Assets
a) Textile 19,565.36 99,591.78 24,354.68 19,565.36 24,354.68 20,151.17

b) Wind Mill 32.87 32.87 32.87 32.87 32.87 32.87

Total 19,598.23 19,624.65 24,387.55 19,598.23 24,387.55 20,184.04
4 |Segment Liabilities
a) Textile 5,164.13 5,288.32 20,306.65 5,154.13 20,306.65 6,853.87
b) Wind Mill 304.69 304.69 304.69 304.69 304.69 304.69
Total 5,458.82 5,593.01 20,611.34 5,458.82 20,611.34 7,158.56
wo
 ec JINDAL COTEX LIMITED
@ Regd. Off. : Village Mandiala Kalan, P.O. Bija, Tehsil Khanna, Distt. Ludhiana (PB) 141412
© +91 1628 289842 CIN :L17115PB1998PLC021084
BX] info@sjgroup.in +3 www.jindalcotex.com

Segment wise Consolidated revenue, results,assets and liabilities for the Quarter/ Nine Month ended 31 Dec-2022

Consolidated
Quarter Ended Nine Month Ended F.Y Ended
SI. Particulars 31.12.2022 30.09.2022 31.12.2021 31.12.2022 31.12.2021 31.03.2022
No.
(Unaudited) } (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) (Audited)
1 |Segment Revenue
a) Textile (0.00) - 376.00 243.70 1,304.73 1,524.59
b) Wind Mill - - - - -
Total (0.00) - 376.00 243.70 1,304.73 1,524.59
Less: inter Segment Revenue

Net Sales/income from Operations (0.00) - 376.00 243.70 1,304.73 1,524.59

2 |Segment Results
Profit/(Loss) before interest, exceptional items & tax from
each segment
a) Textile (14.61) (66.93) (188.92) 137.20 (500.20) (2,749.93)
b) Wind Mill : 2 “ : 2
Total (14.61) (66.93) (188.92) 137.20 (500.20) (2,749.93)
Less: Interest :

Total Profit/(Loss) before exceptional items & tax (14.61) (66.93) (188.92) 137.20 (500.20) (2,749.93)

3 |Segment Assets
a) Textile 23,911.50 23,972.72 28,292.56 23,911.50 28,292.56 24,583.38

b) Wind Milt 32.87 32.87 32.87 32.87 32.87 32.87

Total 23,944.37 24,005.59 28,325.43 23,944.37 28,325.43 24,616.25

4 |Segment Liabilities
a) Textile 5,154.13 5,288.32 19,777.25 5,154.13 19,777.25 6,853.87
b) Wind Mill © 304.69 304.69 304.69 304.69 304.69 304.69

Total 5,458.82 5,593.01 20,081.94 5,458.82 20,081.94 7,158.56

 ec JINDAL COTEX LIMITED
© Regd. Off. : Village Mandiala Kalan, P.O. Bija, Tehsil Khanna, Distt. Ludhiana (PB) 141412
© +91 1628 289842 CIN: L17115PB1998PLC021084
54) info@sjgroup.in 3 www.jindalcotex.com

Notes:
4 The above Results for the quarter ended December 31,2022 were reviewed by the Audit Committee and approved by the Board of Directors of the
company at its meeting held on February 14 ,2023.
The Unaudited financial results of the company have been prepared in accordance with Indian Accounting Standards (ind AS) as specified in the
Companies (indian Accounting Standard) Rules, 2015 as amended in terms of Regulation 33 of the SEBI (Listing Obligation and Disclosure
Requirement) Regulation, 2015 and SEBI circular dated July 05, 2016. The other income is generated due to the effect of IND AS adjustment .

Maturity Profile and repayment schdule of principal/interest on secured loans is not possible to determine by the company as accounts with all the
banks slippedinto sub-standard category after restructuring. hence the banks has recalled the entire outstanding and have started recovery actions
under Sarfesi act, 200 Since the date of default for repayment of loans to the secured lenders has become older than three years, the Debt payable by
the Company to its secured lenders has, however, become barred by limitation. The Company has applied for OTS to Corporation Bank & Punjab &
Sind Bank , which is still under process of sanction .

Since company has not conducted actuarial valuation of employee benefits during the previous years, hence ind AS 19, Employee Benefits cannot be
applied.
Amortization of processing fees of term loans has not been done as required by Ind AS, since accounts of the company has been classified as NPA
before the transition date as per Ind AS.
Regarding compliance of provision IND AS 109 in respect to accounting of corporate guarantee for Rs. 256.10 crore given by the M/s Jindal Cotex
Limited to M/s Jindal Medicot Limited and M/s Jindal Specialty Textiles Limited, as the same is presently not ascertainable as accounts of the
companies have turned sub-standard over a period of time.
M/s Jindal Medicot Limited is under CIRP as petition filed by Financial Creditor got admited by NCLT. Chandigarh on 03/03/2020.

The previous figures have been regrouped/rearranged to make them comparable with those of the current period.
Exceptional Items during the includes rebate & discount income due to creditors written off of Rs:87.61/- Lakhs respectively.

10 The un-audited financial results have been subjected to Limited Review by Statutory Auditors of the company.
11 Trading in the shares of the Company has been suspended on stock exchanges by the BSE on account of certain Non-compliances along with non-
payment of Listing fees and fines etc.

Place: Ludhiana
Dated: 14th February, 2023
 KR Aggarwal & Associates -549/1 0 Sutle} Tower
(1"" Floor),
Chartered AccountantsNear Fountain Chownk, Opp, Petrol
¥ \ tery Road, Ludhiana (Punjab). 141001
)
inwalassociates(@emailcom

| LIMITED REVIEW REPORT

| To
| The Board of Directors
JINDAL COTEX LIMITED

1. We have reviewed the accompanying statement of unaudited standalone financial

results of M/s JINDAL COTEX LIMITED (‘the company), for the quarter ended
31" December, 2022 and being submitted by the company pursuant to the
requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, (as amended) (“Listing Regulations”).

This Statement, which is the responsibility of the company's management and

i

approved by Board of Directors has been prepared in accordance with the

recognition and measurement principles laid down in Indian Accounting Standards
34, Interim Financial Reporting (IND AS 34) prescribed under section 133 of the
Companies Act, 2013 ("the Act") read with relevant rules issued there under and
other accounting principles generally accepted in India. Our responsibility is to
express a conclusion on the Statements based on our review.

We conducted our review of the Statement in accordance with the Standard on

o>)

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. 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 the Standards
on Auditing specified under Section 143(10) of the Act, 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.

Emphasis of Matter

We draw attention to the following:

¢ In absence of balance confirmations of Trade receivables, Trade payables and

Loans & Advances, the impact on the financial statements is not ascertainable.

. .
feos
Sf | A \e
Since the accounts of the Company have declared NPA with all the ban Anan
WGA

Ri
\%
institutions, no balance confirmation is thus available since their dec \eation as >
NPA.
NO

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 —_—_

| KR Aggarwal & Associates (1 Floor), Sutley Tower

-549/10
Chartered AccountantsNear Fountain Chownk, Opp. Petrol Cs
“ \ tery Road, Ludhiana (Punjab)- 141001
|
arwalassociates(@ gmail.com

¢ The company has various statutory liabilities outstanding since long as on

| 31/12/2022 being VAT, CST, ESI, EPF ete.

| ¢
The Company is in the process of challenging the SAT order in response to SEBI
order WTM/AB/EFD-I/DRA-1/04/2019-2020 dated 24/04/2019 barring the
Company and its directors from accessing the sccuritics market and further prohibit
them from buying, selling or otherwise dealing in securities (including unit of
mutual funds), directly or indirectly, or being associated with the securities market
in any manner, whatsoever, for a period of five years.

e Ind As on unquoted investments in wholly owned subsidiary viz Jindal

International FZE and others and on capital advance to K.Onishi & Co. have not
been applied by the company, so we are unable to comment upon the effects of the
same on the financial statements.

e With reference to Note No.9 of financial statement, the exceptional income consists
of Rs. 87.61 lacs pertaining to rebate and discount income due to creditors during
the quarter.

Conclusion

Based on our review conducted as above, except for the matters described in emphasis
of matter paragraph, 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 Standard and
other accounting principles generally accepted in India, has not disclosed the
Information required to be disclosed in terms of Regulation 33 of the SEBI (listing
Obligations and Disclosure Requirements) Regualtions,2015 as amended, Including the
manner in which it is to be disclosed, or that It contains any material misstatement.

For K RAGGARWAL & ASSOCIATES

CHARTERED
ge 2
ACCOUNTANTS
PRN 030088N
/ (A) NEN
| Kawi \s)
\(Kanika) /</ PLACE:-LUDHIANA
Parmer 7 - 14/02/2023
DATE:
Membership No.539337
UDIN: 22539337BGTQPF5640

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 ee °
Aggarwal & Associates
im
IKR + 549/10 (1* Floor), Sutle} Tower

k, Opp. Petro
Chartered AccountantsNear Fountain Chown
etery Road, Ludhiana (Punjab)-141001
iil: - kraggarwalassociates@gmail.com

LIMITED REVIEW REPORT

To
The Board of Directors
JINDAL COTEX LIMITED

We have reviewed the accompanying statement

of unaudited consolidated financial results of
1.
M/s JINDAL COTEX LIMITED (‘the company), for the quarter ended 31% December 2022 and
rements of Regulation 33 of the SEBI
being submitted by the company pursuant to the requi
ations, 2015, (as amended) (“Listing
(Listing Obligations and Disclosure Requirements) Regul
from time to time.
Regulations”), including relevant circulars issued by the SEBI

This Statement, which is the responsibility of the company's management and approved by
Board of Directors has been prepared in accordance with the recognition and measurement
principles laid down in Indian Accounting Standards 34, Interim Financial Reporting (IND AS
34) prescribed under section 133 of the Companies Act, 2013 ("the Act"), read with relevant
rules issued there under and other accounting principles generally accepted in India. Our
responsibility is to express a conclusion on the Statements 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. 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
the Standards on Auditing specified under Section 143(10) of the Act, 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.

Emphasis of matter

We draw attention to the following:

1. In absence of balance confirmations of Trade receivables, Trade payables and Loans &
Advances, the impact on the financial statements is not ascertainable .

2. IndAs on unquoted investments in wholly owned subsidiary viz. Jindal International

FZE and others and on ae advance to K. Onishi & Co. have not been applied by the
company, so we are unable to comment upon the ie effects
company effects of of the same on 1 the the financial
‘1 financi:

3. te consoli
The soli dated oe ‘“ financiai l results include
i financial statements, in res
‘ nc subsidi
f ary whose unaudite d
audited fi
financia i l statements or
information have been furnished to us by the Management
‘othe

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KR Aggarwal & Associates » §49/10 C1" Floor), Sule) Tower

Chartered AccountantsNear Fountain Chownk, Opp. Petro

| etery Road, Ludhiana (Punjab):14 1001
| til: - kraygarwalassociates@ malcom
|

4. Since the accounts of the Company have declared NPA with all the banks/financial
institutions, no balance confirmation is thus available since their declaration as NPA.

5. The company has various statutory liabilities outstanding since long as on 31/12/2022
being VAT, CST, ESI, EPF ete.

6. The Company is in the process of challenging the SAT order in response to SEBI order
WTM/AB/EFD-1/DRA-1/04/2019-2020 dated 24/04/2019 barring the Company and its
directors from accessing the securities market and further prohibit them from buying,
selling or otherwise dealing in securities (including unit of mutual funds), directly or
indirectly, or being associated with the securities market in any manner, whatsoever, for
a period of five years.

7. With reference to Note No.9 of financial statement, the exceptional income consists of Rs. 87.61
lacs pertaining to rebate and discount income duc to creditors during the quarter.

Conclusion

Based on our review conducted as above, except for the matters described in Emphasis of matter
paragraph, 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
Ind AS 34, prescribed under Section 133 of the Act, the SEBI Circular(s), and other accounting
principles generally accepted in India, has not disclosed the information required to be disclosed in
accordance with the requirements of Regulation 33 and Regulation 52 read with Regulation 63 of
the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended),
including the manner in which it is to be disclosed, or that it contains any material misstatement.

For K RAGGARWAL & ASSOCIATES

CHARTERED ACCOUNTANTS

PLACE:-LUDHIANA
DATE :-14/02/2023
Membership No.539337
UDIN: 22539337BGTQPG9266

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