1 Plot No. 213, GIDC, P r O | 1 fe Panoli Industrial Estate,

. Ta. Ankleshwar, E

Industries Pee PROLIFE Lim ite d

SYMBOL: PROLIFE

ISIN + INE994V01012

Date: 10.11.2020

To;

The Manager-Listing Department,

The National Stock Exchange of India Limited, Exchange Plaza, NSE Building,

BandraKurla Complex,

Bandra East,

Mumbai-400 051

Dear Sir/Madam,

Sub: Intimation of Outcome of Board Meeting under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

With reference to the above subject, we hereby inform you that the Board of Directors of the Company at its meeting held on today i.e. Tuesday, 10" November, 2020, which commenced at 2.00 p.m. at the registered of the Company inter-alia, approved and took on record the following:

a. The Un-Audited Financial Results of the Company for the half year ended on 30" September, 2020 and Independent Auditor’s Limited Report thereon.

. The appointment of Mr. Siddharth Raghuvanshi as an additional director of the Company. c. The appointment of Mr. Keshavkumar singh as an additional director in category of independent

director of the Company.

d. Review of general business.

The approved Un-Audited Financial Results are attached herewith.

The Board Meeting Concluded at_2:35 p.m.

Kindly take the same on your record.

Thanking You,

Yours Faithfully,

FOR, PROLIFE INDUSTRIES LIMITED

MANINDERSINGH JOLLY

(CHAIRMAN & MANAGING DIRECTOR)

(DIN: 00399467)

Corporate Office : 6,8,10,12 Hex on Arcade, Nr. Jayaben Modi Hospital, Valia Road, G.I.D.C., Ankleshwar-393002

Ph, 02646-226559 Fax: 02646-227559 Website: prolife-group.com

— Bihari Shah & Ca. Partner

M : 98250 61032 Chartered Accountants

LIMITED REVIEW REPORT

To

The Board of Directors Prolife Industries Limited

We have reviewed the accompanying statement of unaudited financial results of Prolife Industries Limited for the period ended 30th September, 2020. This statement 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

We conducted our review of the Statement 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 Accountant of India (ICAI). 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 procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

misstatement.

For Bihari Shah & Co. Chartered Accountants

7“ FRN:- 119020W Date :- 10 November, 2020 A Place :- Ahmedabad ee jo] Jawhnov/ Kunal T Sanghavi SS Partner

Membership Number: 173487 UDIN:- 20173487 AAAABP8128

4" Floor 408 To 411 Vraj Valencia, Behind Mahindra Show Room, Near Sola Flyover, S. G. Highway, Ahmedabad ~ 3800060, Tel.No. 079-29700820/821 Email : biharishah@yahoo.com

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PROLIFE INDUSTRIES LIMITED

(b) Reserves and surplus

(c) Money received against share warrants 14,64,90,616.0 11,92,15,593.1] 9,35,11,373.60

Prolife CIN NO. L24231GJ1994PLC022613 Industries Limited

Condensed Statement of Assets and Liabilities

Standalone Statement of Assets and Liabilities As at 30/09/2020) As at 31/03/2020 As at 30/09/2019 As at 31/03/2019, Particulars UNAUDITED] ‘AUDITED UNAUDITED AUDITED] A EQUITY AND LIABILITIES

1 Shareholders’ funds (a) Share capital 4,09,40,800.00 4,09,40,800.00 4,09,40,800.00 4,09,40,800.00

8,03,07,734.90

Sub-total - Shareholders’ funds, 18,74,31,416.00 16,01,56,393.11 13,44,52,173.60) 12,12,48,534.90 2. Share application money pending allotment

, 3. Non-current liabilities

(a) Long-term borrowings 4,77,03,347.00 5,27,24,487.00 4,90,21,620.00 8,31,98,602.00 (b) Deferred tax liabilities (net) 5 17,318.00} 17,318.00} (c) Other long-term liabilities 80,000.00} 27,00,000.00} 27,00,000.00} 27,00,000.00} (d) Long-term provisions 17,46,734.00} 17,46,734.00} 64,27,937.00] 13,24,617.00} Sub-total - Non-current liabilities 4,95,30,081.00) 5,71,71,221.00 5,81,66,875.00 8,72,40,537.00 4. Current liabilities

(a) Short-term borrowings 2,44,08,621.0 30,89,200.5 1] (1,16,72,157.72. (b) Trade payables 16,89,30,280.00 9,33,47,098.37] 11,67,85,221.84 5,56,08,756.28 (c)Other current liabilities 36,44,109.00 17,62,444.00 1,63,707.00) 30,93,157.00 (d) Short-term provisions 2,75,57,707.00| 1,97,73,525.00} 23,51,392.00| 1,13,94,819.29| Sub-total - Current liabilities 20,01,32,096.00 13,92,91,688.37) 12,23,89,521.39 5,84,24,574.85) [TOTAL - EQUITY AND LIABILITIES 43,70,93,593.00| 35,66,19,302.48] 31,50,08,569.99) 26,69,13,646.75) B_ASSETS

1. Non-current assets (a) Fixed assets

(i) Tangible Assets 7,01,86,376.0 7,07,83,186.2' 7,44,16,311.17 7,51,62,026.27] (ii) Intangible Assets - - - - (iii) Capital Work In Progress - - - (iv) Intangible Assets under Development : 2 7 S (b) Non-current investments 3,75,66,608.0 3,73,89,778.95 3,73,89,778.95 3,73,89,778.95 (c) Deferred tax assets (net) 1,80,045.00 1,80,045.00 - - (d) Long-term loans and advances 8,46,75,844.33) 8,20,35,389.01 5,62,21,277.86 3,51,08,858.86 (e) Other non-current assets : eS : = Sub-total - Non-current assets 19,26,08,873.33 19,03,88,399.16 16,80,27,367.98| 14,76,60,664.08

2 Current assets

(a) Current investments + - 54,62,435.45 (b) Inventories 4,61,13,187.00 6,49,47,103.72 2,77,82,824.67] 1,96,52,235.58 (c) Trade receivables 17,57,87,817.0 7,19,82,743.01 11,89,42,892.89 8,14,16,658.35 (d) Cash and cash equivalents 38,04,870.0 2,67,64,476.93 2,55,482.84) 1,09,46,824.6

(e) Short-term loans and advances 1.67] 1.67] 1.67| 1.67] (f) Other current assets 1,87,78,845.01 25,36,578.00 : 17,74,827.00 Sub-total - Current assets 24,44,84,719.67 16,62,30,903.32 14,69,81,202.01 11,92,52,982.67 TOTAL - ASSETS 43,70,93,593.00) 35,66,19,302.48) 31,50,08,569.99) 26,69,13,646,

For and on Behalf of Board M/s. Prolife Industries Limited

DIN: 00399467

Date: 10th November, 2020

Place: Ankleshwar

PROLIFE INDUSTRIES LIMITED CIN NO: L24231GJ1994PLC022613

Prolife Industries Limited

Cash Flow Statement For The Period Ended 30th September , 2020

Sr.No PARTICULARS

1

“re

moeoaagop

aan

I Net Profit (Loss) As per Profit & Loss Account Tax and Extra-Ordinary Item Income Tax

Deffered Tax

Net Profit (Loss) before tax Adjustments:-

Interest and finance cost Depreciation

Interest Income

Incometax Provision

Dividend income

Operating profit(loss) before working capital changes Adjustments:-

Decrease/(Increase) in Trade Receivables (Decrease) /Increase in Trade Payables (Decrease) /Increase in Short term Borrowings (Decrease) /Increase in Other Current liabilities (Decrease) /Increase in Short term Provision Decrease/(Increase) in Inventories Decrease/(Increase) in Other Current Asset Net Cash Flow before tax and extra ordinary item Direct Taxes Paid

Less: Extraordinary Items

Net Cash Flow from Operating Activities

Acquisition of Fixed Assets Sale of Fixed Assets Dividend received

Interest Income Decrease/(Increase) in Non Current Investment Decrease/(Increase) in Long term loan and advances Decrease/(Increase) in Other Non Current Asset Decrease/(Increase) in Short term loans and advances Decrease/(Increase) in Other Non Current Asset Decrease/(Increase) in Current Investments

Net Cash Flow from Investing Activities

H FL FI IN IVITIES: Changes in Long Term Borrowings Dividend and Dividend Distribution Tax paid Interest and finance cost Changes in Other Long Term Liabilities

Net Cash Flow from Financing Activities

Net Increase in Cash and Equivalent. Cash And Cash Equivalents as at the Beginning of the year

Cash And Cash Equivalents as at the closing of the year

30.09.2020

2,72,75,024.10

31.03.2020

4,03,88,148.11

95,83,116.00 1,66,35,358.00 2 (1,97,363.29)

3,68,58,140.10 5,68,26,142.82

29,43,176.00 59,01,055.00 49,85,678.90 1,03,21,514.58

(65,890.00) (4,58,489.00)

5 (3,500.00) 4,47,21,105.00 7,25,86,723.40

(10,38,05,074.00) 94,33,916.01 7,55,83,181.63 3,77,38,342.09

(2,44,08,621.00) 3,60,80,778.72 18,81,665.00 (13,30,713.00) 77,84,182.00 83,78,705.71

1,88,33,916.72 (4,52,94,868.14) (1,62,42,267.00) (7,61,751.00)

43,48,088.35 11,68,31,133.79 (95,83,116.00) (1,66,35,358.00)

(52,35,027.65) 10,01,95,775.79

(45,38,870.00) (60,19,326.51) 1,50,000.00 76,652.00

: 3,500.00 65,890.00 4,58,489.00

(26,40,455.32)

(1,76,829)

(4,69,26,530,15)

54,62,435.45

(71,40,264.37)

(50,21,140.00)

(29,43,176.00) (26,20,000.00)

(4,69,44,780.21)

(3,04,74,115.00) (14,80,288.00) (59,01,055.35)

4,22,117.00

(1,05,84,316.00)

(2,29,59,608.02)

2,67,64,478.85

(3,74,33,341.35)

1,58,17,654.23

1,09,46,824.62

38,04,871 2,67,64,478.85

PROLIFE INDUSTRIES LIMITED CIN NO. L24231GJ1994PLC022613

Notes: The Financial Results were reviewed by the Audit Committee and approved by Board

of Directors in their meeting held on 10th November, 2020

2 There were no investor complaints received / pending as on 30.09.2020 Corresponding figures of the Previous Year have been regrouped to confirm with

3 current year's figures wherever necessary and figures are rounded off to the nearest rupee.

Revenue / Income and costs / expenditures are generally accounted on accrual as si they are earned or incurred.

5 Inventory is valued at Valued at Cost or market value which is lower. Income Tax has been recognised in each interim period based on the estimates of the

6 weighted average annual effective tax rate as estimated by the mangement

7 Deffered Tax has been recognised in each interim period based on the estimates made by the mangement.

The Company as single reportable segment. Hence no separate information for 8 segment wise disclosure is given in accordance with the requirements of AS-17

For and on Behalf of Board

M/s. Prolife Industries Limited

Managing Director

DIN: 00399467

Date: 10th November, 2020

Place: Ankleshwar

Brief Profile

Mr. Siddharth Raghuvanshi holds a degree of Master of Business

Administration in Banking and Finance from Symbiosis

International University, Pune.

Mr. Siddharth Raghuvanshi is having professional experience of

more than 5 years working in the field of Debt Syndication and

Financial Risk Assessment with the likes of Siemens and other

companies; he has extensive experience and knowledge in this

field. His core competencies lie in the field of finance & Audit.

Apart from the finance operations of the company he has also

oversees the firm’s financial decisions along with statutory

compliances.

Brief Profile

Mr. Keshavkumar Singh holds degree of Bachelor of Engineering in Electronics and

Communication from - Mahatma Gandhi Institute of Technical Education and

Research centre, GTU and Master of Business Administration in Marketing and

Operations from B.K. school of professional and management studies, Gujarat

University.

Mr. Keshavkumar Singh is having around 2 years of experience working in the field

of business development and marketing with Infosys and other Companies. His core

competencies lie in the field of marketing and business operations. He is having

Strategic and planning abilities as well as project management, leadership,

teamwork, problem solving and analytical skills.