Date: 28" June, 2021

To The Manager Department of Corporate Sory i BSE Ltd. Dalal Street, Fort Mumbai - 400 001

Sub. -: Outcome of Board Mocting

Ref. -: Scrip Code = 51.3.5

Dear Sir / Madam,

The Board of Directors at their Moeting financial results for the qurarher crcberl ld on 28 June, 2021, has approved the Audited ''' March 2021. As per Regulation 33 of Listing Regulations, the following sto! ments ore cnciosed herewith for your records.

1) Audited Financial Rosut's

2) Statement of Assets & Liat ities

3) Cash Flow

4) Audited Report with Declaration. iu Qualification Jon-Applicability of Statement of Impact of Audit

Kindly take the same on your records anda | nowledge the receipt.

Thanking you,

Yours faithfully,

For Baroda Extrusion fF imted

% § 0 Q'?

Vaishali Sharma Company Secretary

Regd Office and Works: SurveynWo AS/Above Village: Garadhiya Jarod-Samlaya Road, Taluka: Savli, Vadodara - Halol Highway, District: Vadodara 391520, Gujarat, India.

+91 93277 71212.

+91 93777 43544

8

BARODA EXTRUSION LTD

Regd. Office :- Survey No 65-66, Village Garadhiya, Jarod - Samalaya Road Ta. Savli, Dist. Vadodara, Gujarat Email. [email protected] CIN NO.: L27109GJ1991PLC016200

STATLMUNICE SLANDAI ONE AUDITED FINANCIAL RESULTS FOR THE CUARTER AND YEAR ENDED 31ST MARCH, 2021

• 1 The above results have been prepared in accor ince. the Companies Act, 2013, read tosether with the Cor th Indian Accounting Standards ('Ind AS') notified under Section 133 of is (Indian Accounting Standards) Rules, 2015 (as amended).
• 2 The above results were reviewed by the tition Board of Directors of the Company at its ince do 'uiitors, recommended by the Audit Committee and approved by the nigh June, 2021.
• 3 The Company is engaged im the busines or Oy; segment. 'ubes and Bars ete. only and therefore, there is only one reportable
• 4 The winding up petition filed by SICOM Lined a SICOM Limited has filed Appeal on 1) 10 gay suit COMS/184/2015 dated 21-12-2313 01 oo 4 The Company has filed a suit agaist slo) compensation of Rs 80 Crores for itn Both Appeals, summary and law + We ast the company was dismissed by Gujarat High Court on 29.09.2015. ' that above stated order. The SICOM Limited has also filed summary ) lus Interest for non-payment of its dues. in city civil court at Mumbai and has sought relief in the form of yury caused by SICOM Limited. tate before the hon'ble courts.
• 5 In the absence of the balance contin ificn. | company has not provided anv ba ot oy outstanding borrowings with SICO! thas boon 6 The previous quarters/years tyes fos 'voing litigations and compensation suit against SICOM Limited, the uy, the year on outstanding dues payable to SICOM Limited and 'as non-current borrowings.
• current quarter/ year. vcd /rearranged wherever necessary to make it comparable with the

For Baroda Extrusion Limited

Date : 28" June, 2021 Place : Vadodara

Parasmal Kanugo Managing Director

BS AROD A 4 ~-RUSIOM LTD

For Baroda Extrusion Limited

Date : - 28th June, 2021 Place : - Vadodara

Parasmal Kanugo Managing Director~ _

Baroda Extresion Limited

CASH FLOW STATEMENT FOR THE YEAR ENDED 31^8T MARCH, 2021

For Baroda Extrusion Limited

Date: - 28th June, 2021 Place : - Vadodara

Parasmal Kanuge Managing Director

Maloo Bhatt & Co. CHARTERED ACCOUNTANTS

H.O.: 204-207, Parshwa Complex, Near Cash n Carry, Subhanpura Road, Ellorapark, Vadodara - 390 023 & +91 265 2392631 Q +91 99240 88339 4 [email protected] ® www.maloobhatt.com

Independent Auditor's Report on Audited Financial Results

To the Board of Directors Baroda Extrusion Limited

Opinion

We have audited the accompanying quarterly financial results of Baroda Extrusion Limited for the quarter ended 31st March, 2021 and the year to date results for the period from April, 2020 to March, 2021, 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 ("Listing Regulations").

In our opinion and to the best of our information and according to the explanations given to us these standalone financial results:

i. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and

ii. give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards and other accounting principles generally accepted in India of the net loss and other comprehensive income and other financial information for the quarter ended 31st March, 2021 as well as the year to date results for the period from 1st April, 2020 to 31st March, 2021.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013 (the Act). Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Financial Results section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial results under the provisions of the Companies Act, 2013 and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Management's Responsibilities for the Financial Results

These quarterly financial results as well as the year to date financial results have been prepared on the basis of the interim financial statements. The Company's Board of Directors are responsible for the preparation of these financial results that give a true and fair view of the net profit/loss and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting' prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the standalone financial results, the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The Board of Directors are also responsible for overseeing the Company's financial reporting process.

Auditor's Responsibilities for the Audit of the Standalone Financial Results

Our objectives are to obtain reasonable assurance about whether the standalone financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these standalone financial results.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

• e Identify and assess the risks of material misstatement of the standalone financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
• e Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control.
• e Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
• e Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.
• e Evaluate the overall presentation, structure and content of the standalone financial results, including the disclosures, and whether the financial results represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all

relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

Other Matter

The standalone annual financial results include the results for the quarter ended 31 March 2021 being the balancing figure between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year which were subject to limited review by us.

We draw attention to Point no- 4 & 5 of "Statement of Audited Financial Results" wherein the SICOM Limited and The Company has filed law suits against each other. The Status of these law suits are still pending as on date. The Company has not booked any interest liability during the year in respect of Outstanding dues payable to SICOM Limited and outstanding borrowings with SICOM has been classified as non-current borrowings.

The Balances of Loans & Advances and Sundry Debtors are subject to balance confirmations.

For Maloo Bhatt & Co. Chartered Accountants FRN 129572W

Digitally signed S hya m by Shyam Sunder Sunder Lohia Date: 2021.06.28 Lohia 12:16:16 +05'30'

Signature (CA Shyam Sunder Lohia) Partner (M. No.: 426642) UDIN: 21426642AAAABU8785 Vadodara Date: 28-06-2021

rf Pie bended i Oi Ustog "1 Labia LOU LG

Date: 28" June, 2021 To The Manager Department of Corporate BSE Ltd. Dalal Street, Fort Mumbai - 400 001 Services

Sub. -: Declaration for Non-\ jplical ily of Statement of Impact of Audit Qualification

Ref. -: Scrip Code - 213 74

Dear Sir / Madam,

Pursuant to Regulation 33¢4)(d) of G1 4 isting Obligations and Disclosure Requirements) Regulations, 2015, we here! y declare that Statutory Auditors of the Company have issued Auditors report with War ified opicon on Standalone Audited Financial Results for the Financial year ended i! March, 2021 2021. aopioved at the Board Meeting held today ie 28 June,

Kindly take the same on vour records.

Thanking you,

Yours faithfully,

For Baroda Extrusion fii rf Vi Chali Bywo - f Company Seetctune

Encl: AS abay uc

9g Regd Office and Works: + ' 91 93277 2977 71212 71212

Survey No 65/66. - +91 c QS779 43544 937 3544 Le@haradae sioncom Village, Garadhiya Jarod Samlaya Road, G1 works@barodgextrusion cam Taluka: Savli, Vadodara - Halol Highway, @ ww barodaextrusion cam ustrict Vaclodara 391520, Gujarat India