INDO COTSPIN LIMITED

REGD. OFF: DELHI MILE STONE 78 K.M, G.T, ROAD, N.H-44 VILLAGE JHATTIPUR
POST BOX NO. 3, POST OFFICE SAMALKHA, PANIPAT-132103 (HARYANA) INDIA

CIN: L17111HR1995PLC032541, ISIN: INE407P01017
SCRIP CODE: 538838, SCRIP ID: ICL, PAN NO. AAACI4596A
EMAIL ID: [email protected], www.indocotspin.com
EMAIL ID: [email protected] 9896034879

TO
CORPORATE RELATIONSHIP DEPARTMENT
THE BOMBAY STOCK EXCHANGE
MUMBAI-400001

DATE: 24th January, 2022

DEAR SIR,
SUB. OUTCOME OF THE BOARD MEETING HELD ON 24TH JANUARY, 2022 FOR ADOPTION OF
UN-AUDITED FINANCIAL RESULTS AS PER REG. 33 (3)(a) OF SEBI LISTING REGULATION
2015 (LODR) FOR THE QUARTER ENDED ON 31ST DECEMBER, 2021

PLEASE FIND ENCLOSED:-
UNAUDITED FINANCIAL RESULTS AS PER REGULATION 33 (3) (a) OF SEBI LISTING REGULATION 2015
(LODR) FOR THE QUARTER ENDED 31ST DECEMBER, 2021.
KINDLY TAKE THE AFOREESAID DOCUMENTS ON YOUR RECORD.

Page 1

INDO COTSPIN LIMITED

CIN: L17111HR1995PLC032541

REGD. OFFICE: DELHI MILE STONE 78 K.M., NH-44, G.T. ROAD, VILLAGE, JHATTY PUR., POST BOX NO. 03, POST OFFICE SAMALKHA, PANIPAT-132103

Statement of Unaudit Financial Results For the Quarter Ended 31.12.2021

WEBSITE: www.indocotspin.com

EMAIL ID: [email protected]

SCRIP CODE: 538838, ISIN: INE407P01017, SCRIP ID: ICL

(Rs. in Lakh)

| Sr. No. | Particulars | Three Month Ended
31.12.2021 | Corresponding Quarter Ended
31.12.2020 | Preceding Quarter Ended
30.09.2021 | Nine Month Ended
31.12.2020 | Nine Month Ended
31.12.2021 | Previous Year Ended
31.03.2021 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| | | Un Audited | Un Audited | Un Audited | Un Audited | Un audited | Audited |
| 1 | Income | | | | | | |
| | (a) Revenue from operations | 662.47 | 225.42 | 142.27 | 470.99 | 952.03 | 784.71 |
| | b) Other Income | 3.88 | (2.59) | 0.37 | 19.61 | 7.51 | 31.37 |
| | Total Income (a+b) | 666.35 | 222.83 | 142.64 | 490.60 | 959.54 | 816.08 |
| 2 | Expenses | | | | | | |
| | a) Cost of materials consumed | 497.98 | 169.29 | 104.19 | 207.30 | 696.24 | 376.48 |
| | b) Purchase of Stock in Trade | 37.11 | 8.58 | (13.94) | 129.91 | 52.00 | 171.06 |
| | c) Change in inventories of finished goods, Work-in-Progress and Stock in Trade | 41.16 | (4.90) | (7.80) | (21.35) | 8.56 | 8.20 |
| | d) Employee Cost | 9.22 | 8.57 | 4.89 | 17.59 | 19.70 | 36.00 |
| | e) Depreciation and Amortisation expense | 12.82 | 14.34 | 11.93 | 42.91 | 36.18 | 56.93 |
| | f) Other Expenses | 65.57 | 45.40 | 36.07 | 130.09 | 136.40 | 164.12 |
| | Total expenses | 663.86 | 241.28 | 135.34 | 506.44 | 949.08 | 812.79 |
| 3 | Profit/(Loss) from ordinary activities before finance costs and exceptional items (2-1) | 2.49 | (18.45) | 7.30 | (15.84) | 10.46 | 3.29 |
| 4 | Profit/(Loss) from ordinary activities after finance costs but before exceptional items (3-4) | 2.49 | (18.45) | 7.30 | (15.84) | 10.46 | 3.29 |
| 5 | Exceptional items | | | | | | |
| 6 | Profit / (Loss) before tax (3-4) | 2.49 | (18.45) | 7.30 | (15.84) | 10.46 | 3.29 |
| 7 | Tax expense : | | | | | | |
| 8 | Current Tax | -3.00 | -3.48 | 4.63 | 0.09 | 1.63 | 0.54 |
| 9 | Deferred Tax | (1.24) | (1.66) | (1.76) | (3.46) | (2.51) | (2.02) |
| 10 | Net Profit / (Loss) for the period (7-8) | 6.73 | (13.31) | 4.43 | (12.47) | 11.34 | 4.77 |
| 11 | Other comprehensive Income | | | | | | |
| 12 | Total Comprehensive Income for the period (9+10) | 6.73 | (13.31) | 4.43 | (12.47) | 11.34 | 4.77 |
| 13 | Paid-up equity share capital (Face Value of Rs.10/- each) | 420.05 | 420.05 | 420.05 | 420.05 | 420.05 | 420.05 |
| 14 | Earnings Per Share (of Rs 10/- each) (not annualized): | | | | | | |
| | (a) Basic | 0.16 | (0.32) | 0.10 | (0.30) | 0.27 | 0.10 |
| | (b) Diluted | 0.16 | (0.32) | 0.10 | (0.30) | 0.27 | 0.10 |

NOTES:

1. THE ABOVE STANDALONE RESULT'S HAVE BEEN REVIEWED BY THE AUDIT COMMITTEE IN THEIR MEETING HELD ON 24TH JANUARY,2022, AND APPROVED BY THE BOARD OF DIRECTORS IN THEIR MEETING HELD ON THE 24TH JANUARY,2022.
2. THERE ARE NO DIFFERENCE IN THE NET PROFIT REPORTED IN ACCORDANCE WITH INDIAN GAAP TO TOTAL COMPREHENSIVE INCOME IN ACCORDANCE WITH IND AS FOR THE QUARTER ENDED 31ST JANUARY, 2022. HENCE NO RECONCILIATION STATEMENT IS PREPARED FOR RECONCILIATION FOR NET PROFIT REPORTED IN PREVIOUS GAAP TO IND AS.
3. THE COMPANY OPERATE IN ONE SEGMENT (TEXTILE PRODUCTS), HENCE NO SEGMENT REPORTING IS PROVIDED.
4. EPS/CASH EPS WORKED OUT ON TOTAL NUMBERS OF PAID UP EQUITY SHARES.
5. INVESTORS COMPLAIN NO. 31IN DECEMBER,2021
6. FIGURES FOR THE PREVIOUS PERIOD HAVE BEEN REGROUPED/RECLASSIFIED WHETHER NECESSARY TO CONFORM TO CURRENT PERIOD'S CLASSIFICATION.
7. DISCLOSURE OF THE REGULATION 30 OF THE SEBI (LISTING OBLIGATION AND DISCLOSURE REQUIREMENT) REGULATION,2015-DISCLOSURE OF MATERIAL IMPACT OF COVID-19 PANDEMIC

ON THE COMPANY INVOICE (SEPIN LIMITED.)

INDO COTSPIN LIMITED

REGD. OFF: DELHI MILE STONE 78 K.M, G.T, ROAD, N.H-44 VILLAGE JHATTIPUR
POST BOX NO. 3, POST OFFICE SAMALKHA, PANIPAT-132103 (HARYANA) INDIA

CIN: L17111HR1995PLC032541, ISIN: INE407P01017
SCRIP CODE: 538838, SCRIP ID: ICL, PAN NO. AAACI4596A
EMAIL ID: [email protected], www.indocotspin.com
EMAIL ID: [email protected] 9896034879

TO
CORPORATE RELATIONSHIP DEPARTMENT
THE BOMBAY STOCK EXCHANGE
MUMBAI-400001

DATE: 24TH JANUARY, 2022

DEAR SIR,
SUB. SUBMISSION OF QUARTLY LIMITED REVIEW REPORT FOR THE QUARTER
ENDED 31ST DECEMBER, 2021.

PLEASE FIND ENCLOSED QUARTLY LIMITED REVIEW REPORT BY THE STATUTORY AUDITERS FOR THE QUARTER ENDED 31ST DECEMBER, 2021.
KINDLY TAKE THE AFOREESAID DOCUMENTS ON YOUR RECORD.

DINESH KUMAR GOEL & CO. CHARTERED ACCOUNTANTS

ROOM NO 7 LEELA
CHARTBHUJ TURST
BUILDING GEETA
MANDIR ROAD PANIPAT
OFF: 01804068347

To

The Board of Directors,
Indo Cotspin Limited

LIMITED REVIEW REPORT

We have reviewed the accompanying "Statement of unaudited Financial Results of Indo Cotspin Limited for the Quarter ended 31ST DECEMBER,2021" being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. CIR/CFD/FAC/62/2016 dated July 05, 2016 to the Stock exchanges.

The preparation of the statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, interim financial reporting (Ind As 34) prescribed under section 133 of the Companies Act, 2013 read with rule 3 of Companies (Indian Accounting Standards) Rules, 2015 and read with SEBI Circular No. CIR/CFD/FAC/62/2016 dated July 05, 2016 is the responsibility of the Company's management and has been approved by the Board of Directors. Our responsibility is to issue a report on these Financial Statements based on our review.

We conducted our review in accordance with the Standard on Review Engagement (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 financial statements are free of material misstatement. A review is Limited primarily to inquiries of Company personnel and analytical procedure applied to financial data and thus provides less assurance than an audit. We have not performed an Audit and accordingly, we do not express an audit opinion.

Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited Financial Results, prepared in accordance with applicable accounting standards specified under section 133 of the Companies Act, 2013 read with rule 7 of the Companies (Accounts) Rules, 2014, and other recognized accounting practices and policies, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI circular No. CIR/CFD/FAC/62/2016 dated July 05, 2016 including the manner in which it is to be disclosed, or that it contains any material misstatement.

Place of signature: Panipat
Date: 24TH JANUARY, 2022

UDIN: 22500485AAAAAP3701

For Dinesh Kumar Goel & Co.
Chartered Accountants
CA Manoj Kumar, FCA, Partner
Firm Regn. No.: 011027N
Membership No.: 500485