CENTURY Textiles and Industries

Limited REGD. OFFICE : "CENTURY BHAVAN", DR. ANNIE BESANT ROAD, WORLI, MUMBAI-400 030. INDIA.

TEL.: +91-22-2495 7000 FAX: + 91-22-2430 9491, +91-22-2436 1980 E-Mail :centextho@centurytext.com Website: www.centurytextind.com

CIN-L 17120MH1897PLC000163

OUR REF. : SH/XIII2020 14.07.2020

1 BSE Ltd. 1 st Floor, Phiroze Jeejebhoy Towers, Dalal Street, Fort, Mumbai-400 001 Scrip Code: 500040

Fax: 91-22-22723121/2037/2039/20411 206113719

Dear Sir,

2. National Stock Exchange ofIndia Ltd. "Exchange Plaza" 5th floor, Bandra Kurla Complex Bandra (East), Mumbai-400 051. Scrip Code: CENTURYTEX

Fax: 022-26598237138

Sub: Unaudited Standalone and Consolidated Financial Results of First Quarter ended 30th June, 2020

Please refer our letter dated 6th July, 2020 intimating you about a meeting of the Board of Directors of the Company to be held on 14th July, 2020.

Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations), we wish to inform you that a meeting of the Board of Directors of the Company was held today at which Unaudited Standalone and Consolidated Financial Results of First Quarter (April to June) ended 30th June, 2020 were placed before the Board and the same have been approved by the Board of Directors of the Company. A copy each of such results is enclosed for your reference and record.

A copy each of limited review report by the Auditors of the Company on the aforesaid results is also enclosed for your reference and record.

A copy of the press release is also enclosed for your information and record.

The meeting commenced at 11.30 A.M. and concluded at 1"-: 4-0 P.M.

Please acknowledge the receipt.

Thanking you,

Yours faithfully, For Century Textiles and Industries Ltd.

-~ . - ... • ~o f a:. ~%

.,==~ -.4-~~ ~4~Encl: as above

Company Secretary

B K BIRLA GROUP OF COMPANIES

I

CENTURY TEXTILES AND INDUSTRIES UMITED UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE. 2D20

CIN: L1112OMH1891PLC000163. Pbone: .91.()Z2-249S7000, Fax: .91-22-24309491,.91-22-24361980 ..... __ ...... n ............... _ • • _ .. _........... _ ... _. . .............. _ ... _-...... - . . .........

30.06.2020 Particulars (Unaud~ed)

CONTINUING OPERATIONS 1 Income from Operations

(a) SaleS 393.39 (b) Other operating income 6.06

2 Oilier Income 13.31 3 Total/neame " .. 2) 412.76

4 Expenses (a) Cost of materials consumed 207.41 (b) Purchases of stock-in-trade 2.99 (c) Changes in inventories of finished goods,

wor1<.~n-progress and stock-In-trade (16.35) (d) Employee benefits 58.27 (e) Finance COSIs 25.65 (f) Depreciation and amortisation 56.70 (g) Other expend~ures

- Stores and spare parts consumed 6.85 - Power, fuel and water 57.14 - Freight. forwarding. octrOi. etc. 4.05 -Olhers 44.93

T alai expenses (8 to 9) 447.64

5 Profit 1 (Loss) before tax from continuing operations (3 - 4) (34.88) 6 Tax expenses of continuing operations

CurrentTax -1

MAT credit recognised -Deferred Tax (12.07)

7 Net profit I 'Loss) for the period from continuing operations (5 - 6) (22.81)

121§!<QNTltll.!;Q QP~BA!tQN~ IBiflir tl~ 4) 8 Profit 1 (Loss) before tax from discontinued operallons (6.22) 9 Tax (expenses) I income of discontinued operations 2.15 10 Net ProfH 1 (Loss) for the perlo<l from discontinued operations (4.07)

11 Net Profit I (Loss) for the perlo<l (7 .. 10) (26.88) 12 (a) Other comprehensive income - ContilllJing operations

(i) Items that will not be reclassified to profit or loss ! 48.30 (ii) Income tax on abOve -(ift) Items that will be reclassified to profit or loss 0.62 (iv) Income lax on above (0.21)

(b) Other comprehensive Income - Discontinued operations (i) hems that will not be reclassified to profit or loss (ii) Income tax on above -

Total Other Comprehensive Incomel(Loss) for the period (a + b) 48.71 13 Total Comprehensive tncome for the period (1'" 12) 21.83 14 Paid-up equity share capital

(Face Value: Rs. 101- per share) 111.69 1S Other Equity ......... ,~,,~ .......... ~" ...... ) ~

Basic & DRuted Earnings Per Share - Continuing operaUons ",.,.,llES 4~ (2.04}

Basic & Diluted Earnings Per Share - Discontinued operatl " "~~lf) (0.36)

Basic & Diluted Earnings Per Share - !li' ~ I I Continuirog and discontinued operations I 'i "- 12.40 . .. ...

't"~ ~~

~&

Quarter Ended 31 .03.2020 I 30.06.2019

Audaed . (Unaudited) (Refer Note 3) j

I

770.47 856.33 16.17 18.71 19.37 9.70

806.01 884.74

422.01 457.88 16.59 3.18

(20.95) (21.06) 65.60 61.71 29.02 22.01 57.37 54.49

14.78 12.74 91.99 103.56

9.37 8.28 77.33 54.52

763.11 757.31

42.90 127.43

2.58 26.10 (2.58) (26.10)

(73.69) 45.24 116.59 82.19

(3.97) (7.35) 1.38 2.56

(2.59) (4.79)

114.00 77.40

(59.04) (17.42) 1.04 1.00 0.41 0.92

(0.14) (0.32)

- -- -

(57.73), (15.82) 56.27 61.58

111.69 111.69

10.44 7.36 (0.23) (0.43)

10.21 6.93

(Rs.1n Crores. Year ended 31.3.2020

Audiled

3332.42 91.84 43.37

3467.63

1755.42 48.22

(33.99) 256.33 93.13

227.76

55.70 409.31 44.02

237.40

3093.30

374.33

53.92 (53.92) (93.69) 468.02

(27.13) 9.48

(17.65)

450.37

(82.31) 2.15 2.00

(0.70)

--

(78.86) , 371.51 i

111.69 3465.32

41.90 (1.58)

40.32

Regd. Office: Century Bhavan. 2nd Floor. Or. Annie Besant Road. Wotti. Mumbai - 400030. Segment wise Revenue. Resulls and Segment Assels & liabilities.

for the quarter ended 30th June. 2020

Quarter Ended 30.6.2020 31.03.2020

Particulars (Unaudited) Audtted (Refer Note 3)

1 Segment Revenue Sales (a ) Textiles 53.85 185.52 ( b ) Pulp and Paper 299.55 541 .65 ( c ) Real Estate 36.03 38.00 (d)01hers 4.10 5.44 Tolal 393.53 770.61 Less; Inter Segment Revenue 0.14 0,14 Sales from continuinJ operations 393.39 770.47 Add: Sales from discontinued operations ( e ) Textiles (Refer Note 4) -Sales from discontinued operations Tolal Sales [Continuin. and discontinued ooorationsl 393.39 770.47

2 Segment Results Prom I (Loss) after depteciation bUt before finance costs and exceptional items (a) TextHes (21 .78) 4.18 ( b ) Pulp and Paper (4.13) 65.73 ( c ) Real Estate 22.20 12.73 (d } Others 1.19 1.60 Sub- Total (2.52) 84.24 ( Add ) /less : i. Finance Costs (continuing operations) 25.65 29.02 ii. Other un-aUocabla expenditure

net of un-allocable income (continuing operations) 6.71 1 12.32 Profit I (Loss) Before Tax (continuing operations) (34.88) 42.90 Gain/(Loss) from discontinued operations (Nat of finance cost) (e ) TextileS (Reter Note 4) (6.22) .(3,97) Total Profitl ·: Loss) Before Tax (41 .10 38.93

3 Segment Assals (a ) TextIleS 931.50 971.50 ( b ) Pulp and Paper 3065.65 3102.22

( c ) Real Estate 1746.71 1729.88 (d) Others 39.50 37.42

5783.36 5841 .02

( e ) Textiles (discontinued operations) (Refer Note 4) 1.32 1.33 ( f ) Unallocable Assets 883.51 700.44 Total Assets 6668.19 6542.79

4 Segmenlliabilltles (a ) Textiles 972.40 981.82 ( b ) Pulp and Paper 384.70 403.60 ( c ) Real Estate 154.35 147.91 (d ) Othen; 13.41 13.02

1524.86 1546.35

'e) Textiles (discontinued operations) (Refer Note 4) 44.58 45.33 (f ) Unallocable Liabilities 1499.91 1374.10 Total Liabilities 3089.35 2965.78

30.06.2019 (Unaudited)

196.37 619.66

35.75 4.72

856.50 0.17

856.33

--

856.33

20.12 120.01 17.48 0.95

159.16

22.01

9.72 127.43

(7.351 120.08

969.92 3274.89

1567.49 39.09

5851.39

2.53 616.00

6469.92

1023.88 525.08 131.75

13.49 1694.20

43.62 1364.03 3101.85

(Rs. in crcresil , Year ended J

31.3.2020 Audtted

I

I

786.591

2383.47 145.66

17.48 3333.2~1

0.78 3332.42

- I

-3332.42

42.94 387.89

66.55 3.83

501.21

93.13

33.75 374.33

127.13) 347.20

971 .50 3102.22

1729.88 37.42

5841.02

1.33 700.44

6542.79

981 .82 403.60 147,91

13.02 1546.35

45.33 1374.10 2965.78

Contd ......... 2

Notes '

1. The above standalone financial results have been reviewed and recommended for adoption by the Audit Committee to the Board of Directors and have been approved by the Board at its meeting held on July 14. 2020.

2. On account of the spread of COVID-19 virus. the Government of India had imposed a complete nation-wide lockdown on March 24. 2020 leadi~g to shut down of the Company's manufacturing facilities

and operations. Since then the Government of India has progressively relaxed lockdown conditions and has allowed most of the industries and businesses to resume operations in a phased manner.

During the quarter. the Company has resumed its manufacturing facilities and is currently in the process of further scaling up its operations. Further. since the lock-down was still in force for a significant

period of the current quarter. the Company's operations were impacted however, management believes that the impact is short term and temporary in nature and the pandemic is not likely to have an

impact on the recoverabillty of the carrying value of its assets as at June 30, 2020 and the future operations. The management is continuously and closely monitOring the developments and possible

effects that may result from the current pandemic on its financial condition, liquidity and operations and is actively working to mInimize the impact of this unprecedented situation. As the situation is still

continuously evolving, the eventual impact may be different from the estimates made as of the date of approval of these financial results.

3. The figures of the quarter ended March 31, 2020 are the balancing figures between audited figures in respect of the full financial year ended March 31. 2020 and the unaudited published year-lo-date figures upto December 31. 2019 which are subjected to limited review.

4. The company is organised into business divisions based on its products and services and has four reportable segments, as follows: (a) "Textiles· include Yarn, Fabric. Viscose Filament Yarn and Tyre Yam (Yam and Denim included in Discontinued Operations) (b) "Pulp and Paper" include Pulp, Writing & Printing paper, Tissue paper and Multilayer packaging board. (c) "Real Estate" includes Leased Properties and Investment properties of the Company. (d) ·Others" include Salt works and Chemicals.

By Order of the Board For cen/TeXtiles and Industries Ltd

""~,~ Mum,.; ( ~~ Date :- 14.07.2020 \ Ma gin Director

" The financial results of the company would be available for perusal on the company's website viz. www.centurytextind.com and also on websites of BSE Ltd. viz. ~b~eindia.com and National Stock Exchange of India Ltd. viz. www.nseindia.com .. ,. ''\1

S R BC &COLLP Chartered Accountants

12th Floor, The Ruby 29 Senapati 8apat Marg Dadar (West) Mumbai - 400 028, India

Tel: +91 22 6819 8000

Independent Auditor's Review Report on the Quarterly Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

Review Report to The Board of Directors Century Textiles and Industries Limited

1. We have reviewed the accompanying statement of unaudited standalone financial results of Century Textiles and Industries Limited (the "Company") for the quarter ended June 30, 2020 (the "statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations").

2. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (lnd AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (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 Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For S R B C & CO LLP Chartered Accountants ICAI Firm registration number: 324982E/E300003

Djgita ~1y signed bV ABHISHEK K

AS HIS H E K K ~~~t.iHISHEK KAGARWA~ AGARWAL ~~~I:a":'r;~~9arwal@sr'o.in

Date: 2020,07.1412:29:01 +05'30'

per Abhishek Agarwal Partner Membership No.112773

UDIN: 20112773AAAAEN3974

Mumbai July 14, 2020

S R B C & co LLP, a Limited Uabnity Partnership with UP Identity No. AAB-4319 Regd. Office: 22. Camac street, Block 'B', 3rd Floor. Kolkata-700 016

CENTURY TEXTILES AND INDUSTRiES UMITED UNAUDITED CO/iSOUOATED FINANCIAL RESU~TS FOR THE QUARTER ENDED 3l)TH JUNE. 2020

elM : L 17'20MH1897PLCOOO163. Phone! -+SiI1..oUo2.c&a7000, F.zuc: +Oioo2%·24309491, <t91~22·243$1980 nct;RIRC: www.cum~Al1IKIo...~um email' Rn.~O!'~IH. , ,"UIU

Quarter Ended

Particulars 30.06.2(120 31.03.2020 _ 3O.06.2Q1I'-(Unaudited) Audited (UMudilod)

~efer Note 3}

g2f:1D!iU~G QPIiBA1W~ 1 fncome from Opet'ations

(a) Salas 393.86 no.OJ 856.33 (b) Other operallng incom. 6.06 16.18 18.71

2 Oth~r Income 9.82 15.00 9.67 3 Tobol Inco"", (1 +2) 409.74 601.21 884.71

.. Expense. (a) C06t of material' consumed 201.41 422.01 457.88 (b) Purchases of stod<-in·trade 2_99 16.59 3.18 (c.) Changes in inventories of finished goods.

vw:ltlc-in-progresa and atock .. io-tratle (15_96) (21.59) (21 .08) (d) Employee benefits 70.84 78.04 71.18 (8) Finance oosts 21.46 25.16 22.01 (I) Oep<eciation and _ .. _ 57.07 58_14 54.50 (g) Other expenditures

~ Store3 and spare parts consumed 6.85 14.78 12.74 - FOlH8r. fuet and wat$l' 57.14 91.98 103.56 - Freight, fOlwarding, oetroi, etc. 4_06 9.55 8.28 -Others 48.29 100.38 57.1llI

Total,xpenses (a to g) 458.17 795.02 770.12

5 Proflt' (Lo •• ) bofore tax from conttnulng _rationa (3 - 4) (46.43) 6.19 114.59 I Tex expenses of eontinuing operations

CurrentT31. 2.58 26.10 MAT credit rocognilled (2.58) (26.10) Ool.<redTo>< (12.07)i (73.69) 45.24

7 Ne1 Profit I (Lon) fo, tn. period from continuing 0"._ (5 - 6) (36.38)' 79.88 69.35

./RehtrNctaSI II Profit I (1.0$$) before tax from dIscontinued operations (6.22) (3.91) (7.35) 8 Tax (expenses) J income <)f dIscontinued operations 2.15 1.36 2.56 10 Net Profit I (loa, forthe period from dlseonttnued operation. (4.07) (2.59) (4.79)

11 Net ProfitJ (Los_) for the period (7 + 10) (4M3) 71.29 84.56 12 (0) Other eompt4~en$ive income - Continuing operalions.

(0 Items tnatwill not be fet:laaelfied to profit or loss 46.30 (59.04) (17.42) Cii) Income laX on above 1.04 1.00 (Iii) !tema that ""m be reclassified to profit or loss 0.82 0.41 0.92 (iv) Income lax on abovo (0.21) (0.14) (0.32)

(b) Other comprehensive Income - Discontinued operatiOns (I) Items 1hat win not be reclassified to profll or foss -(ii) I"come tax on above .

Total 01"., Comp"'henalvelncomol(L .... )for1M period(. + b) 46.71 (57.73) (15.82) 'f3 Tot.1 Comprehensive Income forthe pertod(11 + 12) 8.28 19.56 48.74

ProfiV(Losa) rar the period etfJibutabie to: Ownet's of the Company (40.01) 52.11 84.56 Non-controlling Interest (0.42) (4.82)

OthDf comprehensive tncome1(lQ88) attributable to:

I Owners of the Company 48.11 (57.73) (15.82) Non-controJUng Interest - .

T otat comprehensive Income attributabht to: Owners of the Company 8.70 24.38 48_74 Non-contrnlling Interest (0.42) (4.82)

14 Peid.up equity shars capital

115 (FAC:$ Value ' Rs. 101~ ~ sl\ara) 111.69 111 .69 111 .69 Other Eqully

16 Euning" Per Share In R&. (not annualised) Basic & Diluted Earnings Per Share - Continuiflg operations (3.22) 7.56 6.21

Basic & DRuted Earnings Per Share - Discontinued operatklns (0.36) (0.23) (0.43)

BPSiC' & DiJuted Eamings Per Shero -(Continuing and discontinued opelll:tiona) (3.58) 7.35 5.76 -- ----- ----

' RI. in Croms l Year ended 31 .03.2020.

Audlod

3331.40 92.02 35.21

3458.63

1755.42 48.22

(35.34) 302.01 87.09

228.56

55.70 409.31

44.25 I 279.00 I

3174.24 I

284.39 ! 53.92

(53.92) (93.69) 378_06

(21.13) 9.46

(17 .65',

36Q.43

(82.31) 2.15 2.00

(0.70)

-(78.86) 261.57

365.25 (4.62)

(78.66)

286.39 (4.82)

111 .69 3499.89

34.26

(1.58)

32.70

eor.d .. .. _ .. .2

Regd.Offloe: Century aha~an. 2nd Floor. Dr. Annie Bssent Road. Worll. MUll1bai· 400030. Segment wise Revenue., Results and Segment Assets & U8bililtes,

fer the quarter ended 30th June. 2020

Quort«Ended

Particularn 30.06202 ~1 .032020 (Unaudited) Audllo<!

(Refer Note 3)

1 Segment Revenue Sales (8) Textiles 54.32 185.08 ( b ) Pulp anQ Peper 299.55 541.65 ( c ) Reel Estal. 36.03 38.00 (d ) Others 4.10 5.44 Tolal 394.00 770.17 Less: Intor Segment Revenue 0.14 0.14 Sales from conttnuing eperatlons 393.86 770.03 Add: SAles from cfiscontinued oPeration. ( e ) T.extiles (Rarer Note 5) . Sale from discontinued or-8raUona . Total Sales 'Contiru."~ and discontinued oj)8l'ations) 393.S6 770.03

2 Sogrn.nt Reo.l,. Profitt (Loss, after depreciation but before finance costs and exceptional items (a ) Textil •• (21.79) 3.77

1

( b ) Pulp and Paper (4.13) 65.73 ( c ) Real Estate 4.48 (27.44) (d)OIMrs 1.19 1.60! Sub- Total (20.25) 43.66 (Add)/~_ :

i. Anance Costs (continuing operations) 21.46 25.16 Ii. Other un~allocabfe expenditure

net 0' un..al1oG:able Iooome (oonUnuing operational 6 .72 12.31 Profit I (L.oss) Before Tax (continuing operations) (48.43) 6.19

GainJ(Loss) from dtscontinued operations (Net offmanee coat} (e)ToxHles (Refor Nol. 5) (6.22) 13.97 Totsf Profit J ILuss1 Before Tax 54.65' 2.22

3 Segment Assets (a) Textiles 931.31 971.92 ( b ) Pulp end Peper 3065.65 3102.22

( 0 ) Reel Eetate 2099.90 2056.32 (d )Olhets 39.50 37.42

6136.36 6197.88

(e ) Textlte3 (olScontinued operational (Refer Not6 5) 1.32 1.33 ( f ) Ul1allocabfe Assets 119.74 548.28 Total ASfSeta 6857.42 5747.49

4 Sogment Liabifiti~ ( a)T .. tlles 972.78 962.66 ( b ) Pulp and Paper 384.70 403.60 ( c ) Reel E.tate 272.25 269.18 (d )Oll1ors ------d-:.o.11 13.02

1643.14 1668.46

( a ) TexUles (discontinued operatkmsj (Refer Nola 5) 44.56 45.33 ( f ) Unallocable Liabilities 1549.84 1422.12 Totat UabHitias 3237.56 3135.91

~~~ r ~, t~' c: \ ~~~. ~03~~

30.062019 (Uoaudled)

196.37 619.66

35.75 4.72

856.50 0.17

856:33

--856.33

20.72 120.01

4 .64 0.95

146.32

22.01

9.72 114.59

/7.35) 101.24

969.32 3274.89

1676.56 39.09

5960.46

2.53 534.72

6497.71

1023.88 525.08 176.94

13.49· 179.391

43.82 1371.87 3154.86

Rs. inCrore$! Y§~r cnde:d 31.03.2020

Audited

785.57 2383.47

145.66 17.48

3332.18 0 .78

3331.40

3331.40

42.54 387.89 (29.04)

3.83 405.22

87.09

33.74 284.39

\27.13 257.26

971 .92 3102.22

2086.32 37.42

6197,88

1.33 548.28

6747.49

962.66 403.60 269.18

13.02 1668.46

45.33 1422.12 3135.91

Contd ......... 2

Notes

1. The above consolidated financial results have been reviewed and recommended for adoption by the Audit Committee to the Board of Directors and have been approved by the Board at its meeting held on July 14, 2020

2 On account of the spread of COVID-19 virus, the Government of India had imposed a complete nation-wide lockdown on March 24. 2020 leading to shut down of the Group's manufacturing facilities, construction activities and operations. Since then the Government of India has progressively relaxed lockdown conditions and has allowed most of the industries and businesses to resume operations in a phased manner. During the quarter, the Group has resumed its manufacturing facilities and construction activities and is currently in the process of further scaling up its operations. Further, since the lock-down was still in force for a significant period of the current quarter, the Group's operations were impacted however, management believes that the impact is short term and temporary in nature and the pandemic is not likely to have an impact on the recoverability of the carrying value of its assets as at June 30. 2020 and the future operations. The management is continuously and closely monitoring the developments and possible effects that may result from the current pandemic on its financial condition, liquidity and operations and is actively working to minimize the impact of this unprecedented situation. As the situation is still continuously evolving, the eventual impact may be different from the estimates made as of the date of approval of these financial resulls.

3. The figures of the quarter ended March 31,2020 are the balancing figures between audited figures in respect of the full financial year ended March 31,2020 and the unaudited published year-to-date figures upto December 31,2019 which are subjected to limited review.

4. Key Standalone financial information:

Particuiars Quarter Ended

30.06.2020 31.03.2020 Unaudited Audited

Total Income 412.76 806.01 Net Profit I (Loss) before tax from continuing operations (34.88) 42.90 Net Profit I (Loss) after tax from continuing operations (22.61) 116.59 Net Profit! (Loss) before tax from discontinued operations (6.22) (3.97) Net Profit I (Loss) after tax from discontinued operations (4.07) (2.59)

5. The Group is organised into business divisions based on its products and services and has four reportable segments, as follows: (a) "Textiles· include Yarn, Fabric, Viscose Filament Yam and Tyre Yam (Yarn and Denim included in Discontinued Operations) (b) "Pulp and Paper" include Pulp, Writing & Printing paper, Tissue paper and Multilayer packaging board. (c) "Real Estate" includes Leased Properties and Investment properties of the Company. (d) "Others" include Salt works and Chemicals.

(Rs In Crores)

Year ended

30.06.2019 31.03.2020 Unaudited Audited

884.74 3,467.63 127.43 374.33 82.19 468.02 (7.35) (27.13) (4.79) (17.65)

By Order of the Board For centuJ 'fextiles and Industries Ltd

/ ( i""~ ~::--

Place;- Mumbai ' ."-" '\. Date ;- 14.07.2020 Mantging Director

The financial results of the company would be available for perusal on the company's website viz. www.centurytextind.comandalsoonwebsilesofBSELtd. viz. www.~eindij.com and National Stock Exchange of India Ltd. viz. www.nseindia.com \

"

5 R BC &COLLP Chartered Accountants

12th Floor, The Ruby 29 Senapati 8apat Marg Dadar (West) Mumbai - 400 028, India

Tel: +91 22 6819 8000

Independent Auditor's Review Report on the Quarterly Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

Review Report to The Board of Directors Century Textiles and Industries Limited

1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Century Textiles and Industries Limited (the "Holding Company") and its subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group") for the quarter ended June 30, 2020 (the "Statement") attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. 2015, as amended (the "Listing Regulations").

2. This Statement, which is the responsibility of the Holding Company's Management and approved by the Holding Company's Board of Directors. has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34. (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.

3. We conducted our review of the statement in accordance with the Standard on Review Engagements (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 Statement is free of material misstatement. A review of interim financial information consists of making inquiries. primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the Circular No. CIR/CFD/CMD1/44/2019 dated March 29, 2019 issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable.

4. The Statement includes the results of the following subsidiaries: • Birla Estates Private Limited • Avarna Projects LLP (Subsidiary of Birla Estates Private Limited) • Birla Tisya LLP (Subsidiary of Birla Estates Private Limited) • Birla Century Exports Private Limited • Birla Century International LLC (Subsidiary of Birla Century Exports Private Limited)

S R B C & co LLP, a L1mited liability Partnership with l LP Identity No. AAB-431B Regd. Office : 22, Camar Street. Block '8', 3rcl Floor. Kolkata-700 016

SR BC &COLLP Chartered Accountllnts

Century Textiles and Industries Limited

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5. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying statement, prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For S R B C & CO LLP Chartered Accountants ICAI Firm registration number: 324982E/E300003

Digitally sigMd by ABHISHEK K

ABHISHEK K ~~~~H1SHEKKAGARWAL. A GA RWAL ~~~~:?:~~~~~~~Qarwal@Srb.in

Date: 2020.07.14 12:29:58 +05'30'

per Abhishek Agarwal Partner Membership No.112773

UDIN:20112773AAAAE08669

Mumbai Date: July 14, 2020

CENTURY TEXTILES AND INDUSTRIES LIMITED

Key Highlights of Q1 FY21

• This quarter is an unusual one and cannot be compared with any of the previous quarters. The company though, in the given circumstances has been able to deliver better than expected results

• Pulp & Paper Division clocked a capacity utilization of 57% in Q1, despite the Covid 19 situation

• Birla Estates' Gurugram project, Birla Navya, presently in a prelaunch stage, received a strong response

• Company's Textile Division forayed into masks under the BIRLA-CARE brand which got positive response and received orders of more than 1 Million Pcs

CONTINUING OPERATIONS FINANCIAL SUMMARY - Q1 FY21 (Rs. Crores)

Standalone Consolidated

Particulars Q1'21 Q1'20 FY20

Q1 FY21 Q1 FY20 (Audited)

Unaudited

Net Sales 393 856 3332 394 856

EBITDA 47 204 695 30 191

PAT (23) 82 468 (36) 69

Commenting on the Q1 results Mr JC laddha MD, Century Textiles and Industries Limited (CTll) said "This was a challenging quarter and while we recoup from the impact of the pandemic, our focus remains on creating value for our stakeholders. We are focussing on digitalisation and customer connect during these trying times. We are also capitalising on the opportunities the pandemic has opened up for our businesses. We have seen high demand for our health-based product line of Masks at Birla Century and the board segment in Pulp and Paper business. Real Estate has also seen a spike in enquiries and encouraging sales during this difficult period which is a testimony to the power of the brand."

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SEGMENTAL PERFORMANCE

PULP & PAPER BUSINESS • Owing to the lockdown environment during the quarter, global as well as Indian

economy had an abnormal business environment. Since Paper and Board segments are defined under "Essential Commodities", the plant was partially active and operating under specified MHA guidelines.

• During the quarter, sales volumes were low at 54J25 Mt against a production figure of 63A95 Mt. The capacity utilization for the quarter was 57.1%.

• Demand was low in all the three segments of paper, tissue and boards, although some relief came in the form of demand for tissues in retail. There was also demand for Board segment from the pharma and FMCG industry.

REAL ESTATE BUSINESS • The nationwide lockdown in the first quarter of FY21 severely impacted the real

estate sector in general with unavailability of migrant workforce, liquidity crisis and slowdown in absorption.

• The digitalisation of the entire sales process and focus on expanding Channel Partner base using Digital means was the key focus in this quarter.

• There have been enquiries and bookings at our ongoing projects Birla Vanya, Kalyan and Birla Alokya, Bengaluru despite the nationwide lockdown, emphasizing the trust the customers have with the Group.

• Construction restarted at our project sites in May 2020, post the COVID-induced nationwide lockdown. During the lockdown, well-being of site workers was taken care of by ensuring adequate provisioning of food and other daily essentials, daily health screenings, cleaning and fumigation of labour camps etc.

TEXTILES BUSINESS • Recovering from the lockdown, operations at Birla Century started in the first week

of May 2020 in line with government norms. Primary focus has been on health and safety of the entire workforce with new SOPs to maintain social distancing during production and movement at the plant.

• The flow of domestic orders was low on account of the staggered easing of lockdown restrictions across the country.

• Capacity utilization of 50% was achieved which was mainly due to fulfillment of US export orders. The unused capacity has been partially utilized for R&D work and is ready for utilisation once the market stabilizes.

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OUTLOOK

Covid-19 Impact The pandemic-induced nationwide lockdown and the subsequent staggered unlocking of economic activity has severely impacted business in the first quarter of the year. However, we expect to see clear signs of revival from the second half of this financial year across businesses. All businesses have taken decisive steps to recalibrate to the new normal.

Pulp and Paper Following the lockdown, the order flows are still slow resulting in lower consumption and demand. Considering the present domestic and global economic scenario, the short to medium term outlook for Indian paper industry appears to be weak and flat. Post Covid-19, awareness and need for health & hygiene aspects has increased. Hence, over the long­term, an increase in per capita consumption oftissue is expected in the domestic as well as global markets. Packaging board products are also likely to remain in high demand from the pharma and FMCG sectors.

Real Estate The lockdown disrupted normal business activities and created pressure on absorption and collections. The sector has been consolidating for the past few years and amidst the current COVID-19 outbreak, it is likely to consolidate further, and Birla Estates is poised to take advantage of the same. Leading customer engagement with technology and focusing on seamless digital experience and presence to facilitate engagement and sales is the primary focus.

Birla Century The overall market is expected to remain tough throughout this year on account of weak

demand and liquidity crunch. The launch of "masks" under BIRLA-CARE brand and a new

range of fabrics developed with anti-viral, anti-microbial features under the BIRLA-CARE

brand are of interest to local as well as international buyers. The situation is expected to

get better in the upcoming festive season.

About Century Textiles and Industries Limited Century Textiles and Industries Ltd. (CTIL) is a commercial powerhouse with interests in diverse industries. Currently, the business house is a trendsetter in cotton textile and also has a remarkable presence in the Pulp & Paper and real estate sectors.

CENTURY

CENTURY PULP AND PAPER - Making deep impressions with Paper The manufacturing unit located in Lalkuan, Uttarakhand, manufactures a wide range of paper products including writing and printing paper, tissue paper and paper board as well as paper & rayon grade pulp. Over the years, it has augmented its capacities by

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commissioning a prime-grade tissue paper plant along with three sheet-cutting units across the northern and eastern parts of India.

BIR LA EST AT E S

!.. IFE OESIGNEO·

BIRLA ESTATES - LifeDesigned Spaces Birla Estates marks CTIL's foray into residential and commercial real estate with the vision to transform the perception of Indian Real Estate sector by delivering an exceptional experience and creating value at every level, for every stakeholder. Our UfeDesigned spaces draw inspiration from and influence the lives we touch. They are meticulously perfected to nurture and enrich lives. Birla Estates will continue to develop land parcels held by the group, apart from entering into strategic tie-ups and alliances across top cities.

BIRLA CENTURY - About drapes, dreams and dynamism Birla Century's 100 acre vertically integrated manufacturing facility boasts of the most sophisticated machinery and equipment to produce an array of premium textiles - from suiting and shirting to fine fabrics and household linen. Innovative finishes such wrinkle­free, easy care and anti-bacterial are imparted to fabrics through world class automated processing with eco-friendly, non-toxic dyes and chemicals. Its research and development centre equipped with a design studio for continuous innovations in designs and weaves are in tune with the latest international trends. It is the engine that powers Birla Century's endeavour to offer customised solutions to its clients' requirements.

Statements in this "Media Release" describing the Company's objectives, projections, estimates, expectations or predictions may be '10rward looking statements" within the meaning of applicable securities laws and regulations. Actual results could differ materially from those expressed or implied. Important factors that could make a difference to the Company's operations include global and Indian demand supply conditions, finished goods prices, feed stock availability and prices, cyclical demand and pricing in the Company's principal markets, changes in Government regulations, tax regimes, economic developments within India and the countries within which the Company conducts business and other factors such as litigation and labour negotiations. The Company assume no responsibility to publicly amend, modify or revise any forward-looking statement, on the basis of any subsequent development, information or events, or otherwise.