f ™ ; A\\/SIG Industries Ltd.

Dated: 13th November, 2020

The Manager

Listing Department

NATIONAL STOCK EXCHANGE OF INDIA LIMITED

Exchange Plaza, Plot No. C/1, G Block

Bandra Kurla Complex, Bandra (East)

Mumbai- 400051, Maharashtra

SUB; OUTCOME OF THE BOARD MEETING HELD ON 13'" NOVEMBER, 2020 .

Ref.: Regulations 30, 33 and other applicable provisions of SEBI (Listing Obligations and Disclosure

Requirements) Regulations, 2015.

Dear Sir,

As per Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015, this

is to inform that the Board of Directors of the Company at their meeting held on 13th day of November,

2020 has approved the Un-audited Financial results of the Company for the half year ended 30th

September, 2020 along with the Limited Review Report by the Statutory Auditor of the Company.

The meeting of the Board of Directors commenced at 12:30 P.M and concluded at 01:30 P.M.

You are requested to take the above on your records.

Thanking You

Yours Faithfully

FOR AND ON BEHALF OF

I ‘ Ay Kw ~~ v

SANJAY BANSAL ~~~ MANAGING DIRECTOR DIN: 01467290

Regd. Office: Unit No. 1001, 10th Floor, NDM-2, Wazirpur Dist. Centre, NSP, Pitampura, Delhi-110034 (INDIA) | T.: +91-11-47561234

E:- AGRIEXIM@AVSL.CO.IN, AVSL_PVC@AVSL.CO.IN, PVCBOARDS@AVSL.CO.IN

Manufacturing Units:

1. Plot No. E-675, Bhiwadi | to IV ph., 3. Plot No. 717, Halol-2 & halol Maswad Ind Estate,

Ghatal, Samtal, Bhiwadi, Rajasthan-301019 Gujarat-389350 /

2. Plot No. 2006, GIDC Estate, Halol, Gujarat- 389350 4. Plot No. 1702, GIDC, Umbergaon, Gujarat-396171

LENE Nea deli

HT/LT Cable Raw Materials: PVC & PP Filler ePVC & LD Tape ePVC Compounds eAluminum Mylar & Ployester Tape Py VAN ON store Pelee Mel Rat

WWW.AVSL.CO.IN © CIN :- L18101DL2003PLC121698 © ISO : 9001:2015

MAMRAJ & CO. CHARTERED ACCOUNTANTS

INDEPENDENT AUDITOR LIMITED REVIEW REPORT ON INTERIM UN-AUDITED STANDALONE FINANCIAL RESULTS FOR THE HALF YEAR ENDED ON 30" SEPTEMBER, 2020

To

The Board of Directors

AVSL INDUSTRIES LIMITED

UNIT NO. 1001, 10th Floor, NDM-2,

WAZIRPUR DISTRICT CENTRE, NETAJI SUBHASH PLACE, PITAMPURA NEW DELHI 110034

We have reviewed the accompanying statement of Unaudited Standalone Financial Results ofAVSL

INDUSTRIES LIMITED(“the Company”) for the Half Year ended 30" September, 2020 attached herewith,

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

Obligation and Disclosure Requirements) Regulation,2015 as amended.

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 review.

We have 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 Accountant 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 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.

Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unauditedFinancial Results prepared inaccordance with the applicable accounting standards and other recognized accounting practices and policies has not

disclosed the information required to be disclosed in terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement.

Place: Delhi For Mamraj & Co., Date: 13 November 2020 Chartered Accountants

F. No: 006396N “) 2

} 3 [ PRAVEEN GUPTA

(PARTNER) M. NO. 093403

UDIN: 20093403AAAADY8325

555 & 556, Aggarwal Metro Heights, Netaji Subhash Place, Pitampura, Delhi-110034 Phone : 011-27358445, 45606367

Website : www.mamrajandco.com E-mail : mamrajandco@gmail.com

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AVSL INDUSTRIES LIMITED Registered Office : UNIT NO. 1001, 10th Floor, NDM-2,WAZIRPUR DISTRICT CENTRE, E-mail : avslagricom@gmail.com Contact No. : 011-45561234, 011-47561234 Website : www.avsl.co.in, CIN No. : L18101DL2003PLC121698

Cash Flow Statement for the period ended 30th September, 2020

For Me ra For the Year particulars s BSE SG ended 31.03.2020 30.09.2020 (Un- (Audited) audited)

A. CASH FLOW FROM OPERATING ACTIVITES Net Profit before Tax

31,216,648 59,271,864 Adjustments For: Depreciation

3,845,750 8,002,803 Interest Expenses 7,596,640 9,778,125 Interest Income (145,514) (137,324) Profit/(Loss) on Sale of Fixed Assets - (5,602) Fixed Assets w/pff

- 8,944 Operating Profit before working capital changes 42,513,524 76,918,810 Adjustments For: (Increase)/Decrease in Sundry Debtors 11,824,764 (5,561,484) (Increase)/Decrease in Inventories (47,462,220) (23,295,841) (Increase)/Decrease in Loans & Advances and other current

Assets

16,115,501 (35,348,095) (Increase)/Decrease in Sundry Creditors and other liabilities 12,565,158 34,809,785 Cash Generated from operations 35,556,727 47,523,175 less; Direct Tax Paid 8,684,471 17,937,457 Net Cash Generated from/(used in) Operation Activites 26,872,256 29,585,718 B. CASH FLOW FROM INVESTING ACTIVITES

Purchase of Fixed Assets (Net of Subsidy Received) (3,978,818) (139,696,569) Proceeds from sales of Fixed Assets - 18,000 Purchase of Long Term Investment - - Interest Received

145,514 137,324 Increase in Long Term Loan & Advances (442,006) (3,890,576) Net Cash Generated from/(used in Investing Activites (4,275,310) (143,431,821) B. CASH FLOW FROM FINANCING ACTIVITES Issue of Share Capital/Share Application Money - - Share Premium Account including reserves : : Proceeds from secured & Unsecured Loans (6,604,365) 50,199,537 Interest/Financial Charges (7,596,640) (9,778,125) Increase/(Decrease) in Long Term Liabilities (6,131,931) 65,952,334 Net Cash Generated from/(used in) Financing Activites (20,332,935) 106,373,746 | Total Increase(decrease) in Cash and Gash equivalents during the year (A+B+C)

2,264,011 (7,472,357) || Cash and Cash equivalents at beginning of period 1,515,182 8,987,539 Ill Cash and Cash equivalents as at end of period | 3,779,193 1,515,182

For and on behalf of Board of Directors

Place : Delhi

Date : 13th November, 2020 Managing Director