Date 29" lune, 2021

Dear Sir(s),

Sub: Outcome of Board Meethp held on Tuesdav, Tune 29,2021.

Pursuant to Regulation 30 and 33 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Board of Ditectors in their meeting held today via Video Conferencing have inter-alia transacted the following:

• 1. Considered and approved Audited Financial Results of the Company for the quarter and year ended as on March 31, 2021 and took on record the Audit Report given by Statutory Auditor of the Company in this behalf. A copy of same is enclosed herewith as Annexure - A.
• . Declaration regarding unmodified opinion on the Audited Fial Results is attached as Annexure - B.

The Meeting of the Board of Directors of the Company commenced at 5.15 PM and concluded at&: 15 P.M.

We hope you will find it in order and request you to kindly take the same on your records.

Thanking you, Yours faithfuIly,

For THE RUBY MILLS LIMITED _ -

CFO & Compliance Office

THE RUBY MILLS LIMITED, DHAMNI

Factory Vlllage Dharnnl, Savroli Kharpada road, Taluka Khalapur. Dist Rargad - 410 202 1 CIN Ll7120MH1917PLC000447 T (+91 2192) 274127 / ²⁴⁷¹⁸⁸I E infe@rubyrnlil~.com l W www.rubym~lis.mm All Correspondence to be copted to The Ruby Mills Llm~ted, Ruby House. J K Sawant Marg. Dadar (W), Murnbal400028, lnd~a

Narain Chambers, 5th Floor, M. G. Road, Vile kle (E), Mvmbai - 400 051 CNK Associates LLP T,I.; ⁺91 .zz.h250~00

Chartered Acoountants Mistry Bhavan, 3rd Floor, Dinshaw Vachha Rod, Churchgate, Mumhi- 400 020 Tel.: + 91 22 hh230hO0

Independent Auditor's Report on the quarterly and Year to Date Audited Financial Results of the Company pursuant to the Regulation 33 of the SEBl (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

To The Board of Directors of THE RUBY MILLS LIMITED

Report on the audit of the Financial Results

Opinion

We have audited the accompanying statement of quarterly and year to date Financial Results of The Ruby Mills Limited (the "company") for the quarter and year ended 31'' March, 2021 (the "Statement"), attached herewith, being submitted by the company pursuant to the requirement of Regulation 33 of the SEBl (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, the Statement:

• i. is presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
• ii. gives a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian accounting standards and other accounting principles generally accepted in lndia of the net profit, other comprehensive income and other financial information for the quarter and year ended 31'' March, 2021.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section l43(10) of the Companies Act, 2013, as amended ("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 thg lnctitute of Chartered Accountants of lndia together with the

ethical requirements that are relevant to our audit of the financial Statement under the provisions of the Act, 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

The Statement has been prepared on the basis of the annual financial statements. The Company's Board of Directors are responsible for the preparation and presentation of the Statement that give a true and fair view of the net profit and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in Indian Accounting Standards 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 Statement that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the Statement, the Management and 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 Drocess.

Auditor's Responsibilities for the Audit of the Financial Results

Our objectives are to obtain reasonable assurance about whether the Statement as a whole is 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 the Statement.

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

• Identify and assess the risks of material misstatement of the Statement, 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.
• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
• 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 Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are bared 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.
• Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement 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.

The Statement includes the results for the quarter ended 3lSt March, 2021 being the balancing figures between the audited figures in respect of full financial year ended 31" March, 2021 and the published unaudited year to date figures up to the third quarter of the current financial year, which were subjected to a limited review by us, as required under the Listing Regulations.

For C N K 81 Associates LLP Chartered Accountants Firm Registration No. 101961W /W-100036.

Himanshu Kishnadwala Partner Membership No. 037391 UDIN: 2.1037 34 1 AAAAJX(7084 Place: Mumbai Date: 2gth ~une, 2021

THE RUBY MILLS LIMITED (CIN L17120MH1917PLC000447)

Regd.Off: Ruby House, J.K.Sawant Marg, Dadar (W), Mumbai 400 028, Phone-+91-22-24387800/30997800,Fax-+91-22-24378125, [email protected], Website -: www.rubymills.com

AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 315T March, 2021

Notes:

The Audit Committee has reviewed the above results and the Board of Directors has approved the above results at their respective meeting held on 29^th June, 2021. 1.

The company has analyised all the parameters associated with the risk due to Covid-19 and has assessed that covid-19 and the business changes thereafter will have no material impact on $\overline{2}$ the going concern of the company.

Figures of three months ended March 31, 2021 and March 31, 2020 are the balancing figures between audited figures in respect of the full financial year and the published year to date $\overline{3}$ figures upto the third quarter of the respective financial year

$\overline{4}$ Result for the quarter ended 31^st March, 2021 are available on the Bombay Stock Exchange Limited website (URL: www.bseindia.com) and The National Stock Exchange of India Limited website (URL: www.nseindia.com) and on the company's website (URL: www.rubymills.com).

5 Figures for previous year / period have been regrouped wherever necessary.

PLACE : Mumbai DATED: 29^th June, 2021

Ruby Mills Ltd BM Shah Managing Director

The Ruby Mills Limited

Balancesheet as at 31" March, 2021

ihe Ruby Mills limited

itatement of Cash flow for the period ended 31* March, 2021

IAN amounts in ilnkhs, unless atherwse stared1

THE RUBY MILLS LIMITED (CIN L17120MH1917PLC000447)

Regd.Off: Ruby House, J.K.Sawant Marg, Dadar (W), Mumbai 400 028, Phone-+91-22-24387800/30997800, Fax-+91-22-24378125, [email protected],

Website -: www.rubymills.com

SEGMENTWISE REVENUE, RESULTS AND CAPITAL EMPLOYED FOR THE QUARTER ENDED 31^ST MARCH, 2021

Notes:

1 The Company is engaged in the following business segments:

a) Textiles

b) Real Estate and related

2 Figures relating to corresponding period of the previous year have been regrouped wherever necessary.

PLACE: Mumbai DATED: 29^th June, 2021

For The Ruby Mills Ltd

ANNEXURE B

Date: 29th June, 2021

Dear Sir(s),

Subiect: Declaration pursuant to Redation 33(3)(d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Amendment). 2016

Pursuant to Regulation 33(3)(d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Amendment), 2016, we would Iike to inform that CNK & Associates LLP, Statutory Auditors of the Company have expressed their modified opinion in respect of financial results for the Quarter and Financial Year ended March 31,2021,

Thanking you, Yours faithfuny,

For THE RUBY MILLS LIMIT%

Ti\$ 7r chi2 ~inTncial Officer