To-

BSE LimitedPhiroze Jeeieebor, Tou ers

Dalal StreetMr-rmbai - ,+00 001.Scrip Clode: -)333.+3Through: BSE Listing flcntrc

Date: June 30.2020

The National Stock Exchange of India Ltd."Exchange Plaza" C-1, Block-GBandra Kurla Complex, Bandra (East)Mumbai - 400 051.Symbol:LOVABLEThrough:NEAPS

Sub: Outcome of the Board meetins held on 30th June 2020

Dear Sir/ Madam,

This is further to the Company's letter dated 23'tJune 2020, intimating the date of Board Meeting. Wewish to inform that Board of Directors of the Company at its meeting held today i.e. Tuesday, June30, 2020, have inter-alia:Pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations andDisclosures Requirements) Regulations, 2015, the Board of Directors considered and approvedAudited Financial Results for the fourth quarter and year ended 3l't March 2020, we are enclosingherewith the following:

. Financial results for Fourth quarter and Annual Audited Standalone Financial results for theyear ended March 31,2A20;

. Auditors report on Standalone Financial results;

. Dcclaraliorr rcgarding Atrdit Repor-t u ith unnrodit)ed oprniorr

The Boarcl nrccting corrnenced ",g-Lt5m concludecl et L : Aa ltnYou are requested to take the above information on your record.

Thanking you.

Yours faithfully.Forlor\le Lingerie Limi

M6L Vinay ReddyChairman & Managing Director(DIN: 00202619)

LOVABLE LINGERIE LTD.Survey No. I 017, lolugo|npr:ro .riilcge. UlnorhLr li I l.)trli. K(rrrckopuro Mcir! llood. l]ongolor6 - 560 109,Tel : OAti-29754132 / 6d I d\ . [-moil: .:usfo'n..]fi):]r€trlDrrftrleindio,iil, Website i wwrlovobleindlo.ln

negd. *ftice ; Cro. .iechnit

lnduslrje$, plar i'Jc, A-45, Street No. 2, M.I.D.C,. Andneri Ii) Mu.I]bui - ri00093. . Te 'cl,lxr J2?-?8383582. 28,?83381

l.

2.

.).

Encl:

Audited Financial Results for the last quarter & FiRqncial year ended March 31. 2020 .

Auditor's report.

Declaration for Audit Report rvith unmodified opinion.

LOVABLE LINGERIE LTD.SuN6y t'lo. 1 11y'7. lclccoiopr rrfl tillei,e, lll|ro*roll ) loi)li l,ixnr:k(lni.1i.r Lrlain R$drd, Llangolcre ' 56D I 09Tel :080-?97541J?,'$6,1 ,{l .F'mail: iluslomeicoreaa}k)\'L)biesi.li!).in, \/eilslle;wwwlovofr}elndio,in

,t$gd. SfficB r C.1o, l.echnil lnduslries, ,ioi l',la. r1',11, ste\:'l l.Jo. 2. frl.l.D.C

:, Andheil i:J lr{ uinbti - 40ilOQ3. . T6*lo):: i)22-283U3irl]2. 283[i35i]l

-qlvobleAI flY LI GH t LY LOVE LY ]

, LOVABLE LINGERIE LTD.Suruey t',]o. 1D/7. IckrgfltopLrfl Villa0e. Ljlhoriroll Hoirli, (:nckof.!ri: h4r::in lioa<1, ${:ngolcre " 560 l0C.Tel j 430,29754 1 J: i 66 ,r 41 . E'rnaili arrsto.neiccrre(+.ll(lt'clrleir lCiu.in, yl*Lrslle : wu'w.lovoblclndio,in

:iegd. Office ; C/o, lachnil lndusiries. el$: No A-4*, Srrc.:l No. 2. M.l.[,,Cr. ,AncJheil ii) Muinlroi '4ll0i:l<?3. r J.cio):. r'i!?':i83ui-1582, 28383581

LOVABLE LINGERIE LIMITEDBalance Sheet as at 31st March, 2O2O

Particulars As at 3 1 March, 2020 As at 31 March, 2019A1,

2

ASSETSNon;Cugre-n! Assets

(il Tangibleass ets

Property, Plant and Equipment

CttIit ttl w,r rl<-in-l) l ( rgr(.ss

Intangible assctsFinancial Assets

l nvc sttll e ntsLo:rns

Othcr Non-culrcnt asscts

Inve nto ri e s

Finaneial AssetsI nve strn e lrtsTI:l(lr' lr'{ ( iv:tbl( s

Ceslr,r rr,l i.rslr t'quivult'ntsLoans0ther crlrrent assets

Current Assets

TOTAI

1,844.86

43 1.16

454.'.24

5,8 2 3.8 5

387 4160.64

9.002.16

1,934.81

szi zt

5,q)78.39

349.22+5 r.1+

9.231.02

5,440.56

3,781.611,195.63

549.40508.36

11.475.5 5

5,440.71,

4,4 _28,5?

189.77454,58489.42

11 00?0620,477.7L 20,234.O9

B1

)

3

EQUITY AND LIABILITIESEquity

Equity Share Capital0thcr Equily

Non-Curren t LiabilitiesFinancial Liabilities

B, r r.ri , \\ inXs

Dcferred tax habrlities Inct)Provisi,rns

Current LiabilitiesFiruncial Liabilities

s,rrrrrlrirrgsTrrtlc pavalrles

Otlrcr eurrent IiabilitiesPIr,visi,,lls

TOTAI

1,480,001,5,262.31,16,7 42.3 I

1,480.00

1,5,066.62165466?

7 5 0,00

873.892 05.5 9

1,829.48

0.00

870.21,

160.501,0 3 0,71

103.81

1,380,1 1

).)+. r L

87.88

2,361.511?a (?

66.72

1,905.92 ) AqA7r,

20,477.71 20,234.09

AUDITED FINANCIAT RISULTS FORYEAR ENDED 31 MARCH 202O

Rs ln

Sr. No.

I

II

III

IV

VI

VII

VIII

x

Particulars

lncome from 0perations

Revenue from 0perations

0[her Income

Total Inconie frtrr opelations (net)

Expe nses

(a) Cost ofmaterials consumed

[b) Purchases of slock-in-tmde

(c) Changes in inventofies offinished goods,

lvork in progrcss and stock in-tradc

[dJ Employee benefits expense

(e)finance cost

[e] Depreciation and amoilisati0n expense

(f) 0ther expenses

Selling & Distribution Expenses

Total expenses

Pttfit / [Loss) before Exceptional ltems

and tax

Exceptional itens

Prcfit befort Extraoldinarv rtems and tax

Extm-0dtna4,items

Pmfit /[toss) before tax

Tar Expense:

Currcnt Tax

Defelred Tax

Totrl Tu

Profit for the period from continuing operations

0ther Comprehensive lncome:

Itmes that ulll not be leclssified to pnfit and loss

Income tax relating to itnres that

will not be reclassified to profit and loss

Other Comprehensri e lnconre

Quarter Ended YEAR ENDED

,il\

I,T:*:t//

3 1-0 3-2 020 3t-tz-2079 3 1-03-2019 3 1-03-2 02 0 31-03-2019

IAuditedl IUnaudited) IAudited) IAudited] IAuditedl

1,058.45

85.21

4/o1o:95

(12.e5

2,ii9.28

133 33

11,237.81

121,23

17r550:54

206.05

1,113,66 3,998.00 2,91261 11,359,04 77,i56.59

864 82

700.62

[1,60"] 3Bl

616.i9

3.28

16 33

318.66

5s7.45

923.30

1,099.00

ps73,

669 06

(0 Bsl

13 35

33i,99

6i9.15

1,959,69

1,28906

(1,190 3BJ

48621

/ ,LJ

53 35

39174

489 94

3,936 9B

1,973,93

[4 01]

2,686.52

9.38

li6221)1111

3,i02.28

6,212.11

2,568.60

[704.88J

2,49t.26

7.23

168.63

1,462.49

I 812.59

1,503.56 3,725.57 3,186.82 13,805.52 17,018.08

(3se e0l

ls1 0B

(s10 eBl

141 l1

L / L,+J

(27421)

4t592

[6q0 13)

553 52

151.08

402 45

738,51

.+15 92

322 59

[51 0.98 272.43 [6S0.13 402.45 322.59

[18s.65

(0.37

737.72

2.85

(s7'38'

3B 33

7738

11 00

173.62

67.43

,186.02 734.57 t19 05' BB 38 247.05

{324.95 737.86 [671 0B' 314 07

(36.64.

733

{2e.31'

81.55

[83.6s]

16.i 3

166.92',

Iotal iomprchensive income [324.95 137.86 rc11.A8 284.76 14.62

Earnings per share

[or continuing operations

[or continuing operations & discontinuins operations

0,93

0.93

(1 s3

r.153

212

2.72

055

055

iee accompanvingnote to the financialrcsulis ,d"ffi3

LOVABLE LINGERIE LTD. IVSurvgy No. l0/7, Itlogor$puro Villaoe. Ut:lortrolll l'lobh, Konakopuro Moin RoaO. Bh 560 I09,Tel : OgO_ZgIS4l 32 / od l 4l r E-moil: {)uslc.ner_i:treliriar\,oLrteindio,ir'], Weirsite ; !yww.lovoblelndio.ln

Re,Jd. Oftlcs i cllQ. lechnit lnduslrie$, ?]ci l\.1o. A-4$. sfreet No, 2, M.l.D.c

f*f<i,9/@*.

\

)|t ""s.,,w;Arrdneri ia) Mu:nboi'd00o93. . Te.eli:\r 022'?83835S2. ?8363581

LOVABLE LINGERIE LIMITEDlash Flow Statement f-oIthe yqar e4{-e-d

-ei rrlarcfr, zo-i-0"

Particulars ror the period ended 31 lvlarch, 2020 For the yearended 31 March, 2019

Rs. RS Rs Rs

A Cash flow fronr operating activities

Net Prrrlit / (l.oss.l lrekrrc cxlraordina4, itents and tax

Adatuettlb':Deprtr id I iu n a rtd ;r nr, )r1 itJl i' )D

Eairvahe changes iD [inllrrial inslrurnentsirinan.r (o!lslnterest inconlelnteresl Subsidy

llividernl incomc

Nct (gain) / lossolsale ofinvestmentsNet unrcrliscd cxchange (gainl / bss

Operating l\olit bclore uorkrng capital changes()ltuilu.: rtt wt)t kthd LLtt)ltdl:

Adiustntenls lbr (increase) / decrease it1 operottn,o ass€ts:

Irrr err'or ies

Trade rcceivables

Shorl-tcml loans and advances

l,ong-terr loans and advances

Othercurrent 2)ssets

Ulher non-iu nenl dssel(

Adiustments tbr increase / (ktre usc j it oL,e rulit.ct liabiltlics:Trade payables

0ther current IiabilitiesShon teirl provisionsl,ong-tenr prousions

I :rsh llrn ltunr (xltauttlittatr ilt tttr(iash generated fiom opeHtionsNcl income tax paid

Net cash florv from I fused in) ope ratins activities [A)

4ut0

116:2'2

(36.64

40.32

(71.34

(7e 60

402.45

28.47

168.63

(83.65'

3.t.,13

(4s.78'

(047.(t29.64'

:)2'2.59

(q6 4q

0.15

646.97(e4.82)(38.191

147370.60

(981.40l105.61

21.t645.09

(r]s 1.74)

27 0.4t

t222.2j)( 136.e4)

( 1 8.09)

1,026.62

1,048.07

(31 00)(40 55)

t29.32

430.92 266.tt

1,173.94

5 07.54 1,440.05

5 07.54(97 .7t)

1,44{).0tr

( rri5.07

409.77 1,,254.9AB. Cash flow from investingadivities

(iapital erpcnditur-c on fixcd rssets, inchrding capital advanccs

Capilal subsidl. reccivable

Di sposal of Irixed asscl s

lill(1,( ur p(,r.rl( Llutnsils Irrcl)Bankbalanccs nol consitlcrcd rs (.ash and cash cquivalcnls

l'lac cd

Crnent inl,estmerls not corsidercd as Cash and cash equivalents- l'rrchase

lrocceds h onr salc

lnlcresl reisir eJ

UlhcrsInlcrcsl Subsidy rcccivablcDiyidcnd rcceived

- 0thers(lash lkxv from erlr:rordinur_r: iterns

Npt..(hflnw fr^m / lr'<ad inl inrpdinoadir/itia(lRl

(520.97

86.67

234.L4

7t.34

fi4R

128.33

(46s.26)

436.76(3.00)

(1,s28.31)

45.78

n47( l,5 t:t.56)

1?A.33 1,513.56]

@

LOVABLE LINGERIE LTD.Survey No. l0/7, Iol{:gol.:frur(1 liUo$e. l.ll)rorirclli llotrli, (.lr)okoLlr.fo Main Rood. ijangqlor(] - 560 109,

Tel : Og0-29754132 I Eb l4'l . I-moili cuslo:nercrrorq)iilvoblearxliil,ir'r, WSbsile : w$.fl.lovotsleindio,inne{;d. Cnlco : Clo. Te.hnil lnduslries. tlol l'.1o. A-45. Sireet No. 2. M.l.D.C

r. Afidtreri ia) Mu:nboi - d0!093, . Telelox: 022-283ii35$2, ?e363581

ri. i .^i

C. Cash flow from financing activiti€s

Brrvbuck of equitv slrarts

I'rlceeds hrm long'ternr bonln ings

Net incrcase / fdec rr:ast ) in norking capitalborrr.rwittgs

Nrt rtaliscd Urr'fuilg(,((iri rl L,)\\PmLt r'tjs llr rrrr,,llleI slt! rfl-lrnll hun ur i ngs

llittatttr'' r,rl

Dividendi pritl'T'ux un tli . iJr nJ

Cash tlou, fnrnr crlraonlinary itcnrsNet cash flow fl'om / fused in) financing activities [C)

750.00

I (l:i.11 I

{40.32(74.00

[] 5.06

724.4?

(34.43)

(34,43

724.42 (34.43

Net increase 1 (decreigg) in Cash and cash equivalents (A+B+CJ

Cash and cash equivalents at the beginning oftle vearCashand cashequivllenls ltthe end ofthgyearRe-conciliation ofCash alq calh equivalentl with the Balance Sheet:Cash and cash equivalents as per Balance Sheet (Refer N ote 19)

Less: Bankbalances not considered as Cash and cash equivalents as

1,0 05.85

189.77

(293107482.79

1,195.{;.1 189.77

1.,195.63 189.i7

Nct Cash and cash equivalents (as defined in AS 3 Casfi irioi,vStcrlentenfs )

inchded rn Note l9

Add: Cut'l cnt i nvt,stnrents considel'cd J s pJt t ul eJs lr u ltl trs Ir t,q rr ir alent

(as delined in ASil /irsirf{ox ,(t,irem€nts) (RefbrNote (ii) to Nott, 1 i,

Cunent invrstnrcnts)

Cash a nd cash equ ivale nts at the e nd o f t he yea r *

+ llonrlrlisr s:

(u) Cuih r,rr hrni[cJ Bulurrics u it I brrrk

(i) In cunr:nt accounts

( iv) lJ npaid J)iridend Accourt

1,195.63 789.77

1,195,63 789,77

35:86

i,its.i44.ZZ

29.79

155.76t11

1,195,63 789.77

See accomDanving notes formins Da ft of the [ina ncial statements

w ff}

LOVABLE LINGERIE LTD.SuNey I'Jo. I017, Tal(rgcrlcpllo Villatr,e, llttorhall ilotrli. lixn(rkoniriq f!,lcin Roed, Eangolcre - 560 l0q.Tel I0S0-:975413?,1 66141 . F-moil: i',t$lomeiccrre((1k)\'u-Llesr.Jir).in. \ryebslle: wu'w.lovoblclndio,in

ll{)gd. Offlce : C/o. iechnil indusiri€s, elo: No. A-41, Strei't l.Jo. 2, M.l.D,Cr_ AndhFii i[] Mtrrn[oi - 4OOO93. r Te'eia):. r:]2?-2838i-ri]82, 28il&358:

Notes: -

I The above results have been reviewed by the Audit Committee and thereafter approved bythe Board of Directors atthe meeting held on June 30,2020.

2 The above result have been prepared in accordance with the Companies (Indian Accounting

Standards) Rules, 2015 (Ind AS), prescribed under section 133 of the Companies Act, 2013,

and other rccognized accounting practices and policies to the extent applicable. Beginning

Aprtl I,2017, the company has, for the first time. adopted Ind AS with transition date of April1,2016.

3 The Companl,has adopted Ind AS 116 "Leases" rvhich is mandatorl'for the reponing period

beginning on or after April 1 . 20 1 9. Application of IndAs I 1 6 does not have material impact

on the financial results of the company'.

4 During I\{arch 2020" the World Health Organisation declared COVID-19 to be a pandemic.

Consequffito this, Government of India declared a national lock down on March 24, 2A20,

lvhich has impacted the business activities of the Compan1,. The Companl' has assessed and

considered the impact of this pandemic on carn'ing amounts of receivables, other assets and

its business operations including all rclcvant intcmal and cstcmal information available up to

the date of approl,al of these financial results. Based on such evaluation. the management

does not expect an3.'adverse impact on its future cash flor,vs and shall be able to continuc as a

going concern and meet its obligations as and ivhen the-v fall due. Horvever, the eventual

outcome of impact of the global health pandemic ma.v be different fiom those estimated as on

the date of approval of these financial statements. The Companl, lvill continue to monitor

future economic conditions for any significant change.

5 Figures for the quarter ended March 31,2020 and March 31.2019 are balancing tigures

betr.veen the audited figures in respect of the flill Financial Year and the unaudited published

-vear to date figures upto the 3rd quarter of the respective Financial Year.

6 The figures for the previous period/ year have been regrouped/reclassified, wherever

necessary, to conform to the current periodl year classification.

7 As the company's business activity falls within a single segment, therefore disclosurerequirements of the Accounting Standard (AS) 17 "Segment Reporting" prescribed bvcompanies (Accounting Standards) Rules 2006 are not applicable.

Investors can view the AFR of the Company for the quarter and year ended 31.03.2020 on theCo. website www.lovableindia.in or on the website of BSE & NSE. , ,.

Place:Mumbai

Date:3010612020

Lingerie

L Vinay ReddyChairman & Managing(DIN:00202619)

Date: Junc 30. 2020

LOVABLE LINGERIE LTD.Survey No. 1Q/1, Iologoi$puro'/illcge. lJl:rodrolli f l.Jbli, K.rncl'of,,i.,o Mcin l?0od. Bangolore - 56U l 09,Tei :0g0-2?754132 I 6h !41 . i-rrcil: cL]slo.neff:ir{e(1)lo!'olileirdidr,r.r, W(rl}sitc : w\A.,{.lovobleindjo,ln

negd. Offlcs i C/o. Technil lnduslrie$, llct l',1o, A'45, Sheet No. 2, M.l.D,C

r_ furdheri ia) Mumboi - 4Doo93. r Telelo: 022-28383582. ?8365581

BRANCHES:- PUNE I AHEMDABAD I SURAT I ANKLESHWAR I UDAIPUR I BHILWARA I GANDHINAGAR

Auditor's Report on Quarterly and Year to Date Standalone Financial Results of LOVABLE LINGERIE

LIMITED pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure

Requirements) Regulations, 2015

TO THE BOARD OF DIRECTORS OF LOVABLE LINGERIE LIMITED

1. We have audited the accompanying Statement of Standalone Financial Results of LOVABLE LINGERIE

LIMITED ("the Company") for the quarter and year ended March 31, 2020 ("the Statement"), being

submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing

Obligations and Disclosure Requirements) Regulations, 2015, as modified by Circular No.

CIR/CFD/CMD1/44/2019 dated March 29, 2019.

2. This Statement which is the responsibility of the Company's Management and is approved by the

Board of Directors, has been prepared on the basis of the related standalone financial statements

which is in accordance with Indian Accounting Standard 34 (Ind AS 34) for Interim Financial

Reporting, prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued

thereunder; and other accounting principles generally accepted in India. Our responsibility is to

express an opinion on the Statement.

3. We conducted our audit in accordance with the Standards on Auditing issued by the Institute of

Chartered Accountants of India. Those Standards require that we comply with ethical requirements

and plan and perform the audit to obtain reasonable assurance about whether the Statement is free

from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and the

disclosures in the Statement. The procedures selected depend on the auditor's judgment, including

the assessment of the risks of material misstatement of the Statement, whether due to fraud or

error. In making those risk assessments, the auditor considers internal financial controls relevant to

the Company's preparation and fair presentation of the Statement 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 financial control. An audit also includes

evaluating the appropriateness of the accounting policies used and the reasonableness of the

accounting estimates made by the Management, as well as evaluating the overall presentation of the

Statement.

We believe that the audit evidence obtained by us, is sufficient and appropriate to provide a basis

for our audit opinion.

BRANCHES:- PUNE I AHEMDABAD I SURAT I ANKLESHWAR I UDAIPUR I BHILWARA I GANDHINAGAR

4. In our opinion and to the best of our information and according to the explanations given to us, the

Statement:

(i) are presented in accordance with the requirements of Regulation 33 of the SEBI (Listing

Obligations and Disclosure Requirements) Regulations, 2015, as modified by Circular No.

CIR/CFD/CMD1/44/2019 dated March 29, 2019; and

(ii) give true and fair view in conformity with the aforesaid Indian Accounting Standards and

other accounting principles generally accepted in India of the net profit, total

comprehensive income and other financial information of the company for the quarter

& year ended March 31, 2020.

For DMKH & Co. Chartered Accountants FRN 116886W C.A. Manish Kankani Partner M.No. 158020 Place: Mumbai Date: 30th June, 2020 UDIN: 20158020AAAAFB5676

To,

BSE LimitedPhiroze Jeejeeboy TowersDalal StreetMumbai - 400 001.

Scrip Code: 533343Through: BSE Listing Centre

The National Stock Exchange of India Ltd."Exchange Plaza" C-1, Block-GBandra Kurla Complex, Bandra (East)

Mumbai - 400 051.

Symbol. LOVABLEThrough:NEAPS

DECLARATIONr

Dcar Srr/ lVladam.

ln accordance xith Circular No. SEBI/ LAD-NRO/GN/2L}L6-lTlOOl datcd May 25. 2016 issucd b1'

thc Sccurities and Erchangc Board of India. sc hcrcbv confirm and declarc thet the Statutory'

Auditors of the Comparrr i.c. M/s DMKH & Co." Chartcrcd Accountants. have issucd thc audit report

on Standalonc Financial results of thc Corrpanl.for thc fourth quafter and 1-ear ended March 31. 2020

uitl-r unmodified opinion i e rvithout an1, qualifications.

You arc rcquested to takc the abo'r,e information on \ our rccord.

Thanking r,ou.

Yours faithfulll,.For Lovable Lingerie Lim

@L Vinay Reddy

Chairman & Managing Director(DIN: 00202619)

Datg. 30.06.2020

L$VABLE LINGERIE LTD.SilNey t'lo. 1Uy'7. Iclagfltoplrra Villc;1e. lJlnorlnll Hobli. (xnckooi]r.r Lilcin Rou<J, $Gngolcre ' 560 lOqIel : 08Cr-297541 J2 / $6 I rl l . E-mcilt austomercore{allor'olrleiniii).u r, \nlebsllr : wu'w.lovoble lndia.in

!p€d. Office i C/o, lechnil lndusirkjs, :16l i'le. A-4i, Sireet l.'lo. 2, tvl.l.D.C

r, Andheri lE) l!'lurnbai -i1OD093. r Ictlc): i]l?-283e3582, 2838J581