W ntc industries limited =(AN ISO 9001-2015 COMPANY)

REGD. OFFICE: 149 B. T. ROAD, P.O. KAMARHATI, KOLKATA-ITOO 058, PH : +91 75950 46807l13 +— -

Date: 13.02.2020

‘ To, To,Department of Corporate Servipes The Secretary,Bombay Stock Exchange Limited The Calcutta Stock Exchange LimitedP.J.Towers, Dalal Street 7, Lyons Range,.Mumbai— 400 001 Kolkata- 700 001 Dear Sir,

‘ 'Sub: Outcome of Board Meeting

In terms of SEBI (Listing Regulations & Disclosure Requirements) Regulations, 2015, weenclosed herewith a copy of un-audited financial results (Standalone & consolidated) for thequarter and nine months ended 31.12.2019 as approved at the board meeting of thecompany held on 13‘h February, 2020.

. The copy of Limited Review Report of the auditors of the Company in respect of said results- are also enclosed. The meeting commenced at 4.00 pm. and concluded at 6.15 pm.

. The above is for your information and record.

Yours faithfully, K ‘' Fo tc industries limited

(—‘Q‘wfl #wa 'Sunil Kumar Varma(Company Secretary & - 'Membership No. AC5 315 -

Encl: As above

eem'anI'D-:rinto@n'icind.céfn.websitezwwwntcindpom.CIN:L70109we1991PL0053562 ' '

W VKR & Associates '1°'.1‘."..'f".'.':..:'.°:.;:; 2:2: :zizzz'tztx: ‘CHARTERED ACCOUNTANTS ' Phone:033-2231,6654/40631116

E-mail : core@vkrassociates.co.in

Independent Auditor’s Review Report {m the Quarterly Unaudited Standalone Financial Results of theCompany Pursuant to the Regulation 33 0f the SEBI (Listing Obligations and DisclosureRequirements) Regulations, 2015, as amended

Review Report to

"I'he Board of Directors

N'I‘C Industries Limited

1. We have £'1_“»"10\r\"\‘d tho. accompanvmic, flatomt‘nt 01 unamhtui standalone financial results Of NTCIndustries Limited (the Company) tor the quarter ended 1.):n:t>znbor 31. 2019 and year to date fromApril 1, 2019 to December 31, 2019 (the "Statement") attached herewith, being submitted by theCompany pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations andDisclosure Requirements) Regulations, 2015 ('the Regulation') as amended (the ”Listing Regulations").

2. The preparation at the Statement in accordam‘e with the recognition and measurement principh‘s laidduwn in huhkm {\Cmuntmé; Stnmmrd 31, (1nd AS j>4) ‘1ntm'im 15mmn‘ial Repm'tmg” prosm'inti umiw

Section 111 w: the Cm’npzmic‘; Act, 201 “w, a» (m‘wmiud, rmd with 1‘c1mant whys issued thorv under andother accmmtmg primiples generally accepted in India, road with tho Circular is the respomihility 0fthe CompanyS n'umagement and has been approved by the Board 01 Directors of the Company. Ourresponsibility is to express a conclusion on the Statement based on nut review.

3. We cunducted our review Of the Statement in accordance with the Standard on Review Engagements(9R1?) 2410 '1lit‘viow of Interim Financial Information Portm‘nwd hy the Independent Auditor of the

tintitx“. iuwm m the Institutv mt (ftmrtwmt w\tf(‘011111t11115 01' 1min. This standard requires that We} piananti pm‘lm‘m the review 10 uhtam moderate aseumnco as to wtmthor the Statement is free mt mdterml

misstatement. A review is limited primarily t0 inquiries of mmpany pommme} and analyticzdprocedures apphed to financial data and thus provides 195:; assurance than an audit. We have nutperformed em audit and 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 huliwvthat tho act'm‘npanying Statement, prepared in at‘t‘ontancv with tho I'Ocugnition anti mvasm‘vrm‘ntprincimus Lmi thwvn in the uhn‘<m:u1 1"1t1h111 f\t‘u>1.mt1n:.; Emmim'ds (1nd AV?) spmfljivd under Suctim‘l

1713 at tho Lumpanios At‘t, 31111 M .H’nondud, rmd with I'L’h‘k’dll: 1'L11L‘S iseuud thereumtm‘ and other

rocqgnisod act'uunting practices and pmhcies has not disclosed the intormation required to bt’ disdosudin terms of the Regulation, read with the Circular, including the manner in which it is to be disclosed,or that it contains any material misstatement.

For VKR & Associates.

Chartered Accountants

-~. . ICAI Firm Re istration No.: 32032313

\7 g W914? @118“?Santosh Kumar Agrawal, FCA

(Partner)Membership No.2 067092

UDIN: 20067092AAAAA16669

Kolkata, 13““ day of February, 2020

BRANCH

Raipur (Chhaflisgarh)

I

‘ VKR & ASSOCiates Martin Burn Hoofe', Room No. 312, 3rd Floor

W CHARTERED ACCOUNTANTS " “' "itfli‘fté‘éizfi' 5213113231 ‘39},E-mail : care@vkrusso¢iates.co.in

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 andDisclosure Requirements) Regulations, 2015, as amended

Review Report to

The Board of Directors,

N11: 1nd ustries Limited

'1. We have reviewed the accompanying Statement of unaudited Consolidated Financial Resultsof NTC. Industries Limited (”the Parent") and its subsidiaries (the Parent and its subsidiaries

together referred to as ‘the Group'), for the quarter ended December 31, 2019 and year to datefrom April 1, 2019 to December 31, 2019 (the ”Statement”) attached herewith, being submitted bythe Parent pursuant to the requirements of Re {ulation 33 0f the SEBI (Listing Obligations and

Disclosure Requirements) Reguiatinns, 2015 as amended (the ’1...isting Regulation'). Attention isdrawn to the tact that the consohdated figures for the corresponding quarter and nine months

ended December 31, 2018 as reported in these unaudited consolidated financial results havebeen approved by the Holding Company's Board of Directors, but have not been subjected toaudit or review.

2. This Statement, which is the responsibility of the Parents Management and approved by theParents Board of Directors, has been prepared in accordance with the recognition andmeasurement principles laid down in Indian Accounting Standard 34, (1nd AS 34) "InterimFinancial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended,read with relaxant rules issued thereunder and other accounting principles generally acceptedin India read with the Circular. Our rospmmbility is to express a conclusimi (in the Statttin'ientbased tm nui‘ 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 theIndependent Auditor of the Entity" issued by the Institute Of Chartered Accountants of India.A review 01 interim financial information consists of making inquiries, primarily of personsresponsibie tor tinanciai and acmunting matters, and apph‘ing analytical and other reviewprocedures. A review is substantiahy less in scope than an audit cuntiucted in aCC()1‘L1L1I1CL‘ 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.

W’e also pt'ftiOI‘mCLi pi‘iit‘t‘thii‘w in at‘t'urttam‘t' with the 313131 Circular

(:117/C171"),/L‘Mi)1/1~1/201‘) dated 29 March 2019 issued hx‘ tht- 511331 under Rvgulatinn 33 (8) ot

the 517,131 (listing Obligations and Disclosure Requirements) Ix’egulations, 2015 (as amended),

to the extent applicable.

BRANCH

Ruipur (Chhaflisgarh)

(71 VKR & ASSOCiGteS 1°:t.'?ii".:'.°:.;:; :12: 1:;.i'.3'.3;:::,°;:CHARTERED ACCOUNTANTS ' Phone:033-223i6654 Hoes 11l6

E-moil : ccre@vkrassociuies.co.in

4. The Statement includes the l'esutts 01" the telinwing entities:

i. NTCIL Realty Private Limitedii. NTCIL Siliguri Estate Private Limitediii. NTCIL Infrastructure Private Limited

iv. NTCIL Real Estate Private Limited

5. Based on tint review conducted and precedures performed as stated in paragraph 3 aboveand based on the consideration (it the review report of other auditor, nothing,r has come to ourattention that causes us to believe that the accompanying Statement, prepared in accordancewith recognition and measurement principles laid down in the aforesaid Indian AccountingStandard specified under Section 133 of the Companies Act, 2013, as amended, read withre1evant rules issued thereunder and other accounting principles generally accepted in India,has net disclosed the infermatien required to be tiischisett in terms of the Regulation, readwith the Circular, including the manner in which it is tn bt- disclesed, or that it contains any

material misstatement.

6, We did not review the interim financial results of four subsidiaries, whose interim financial

results reflect total assests 0t ? 30.20 crores as at December 31, 2019, total revenue Of ? 1.91 and

? 5.65 crores, total net profit after tax of ? 0.93 crores and 3 1.22, total comprehensive income of5 Nil and ? Nil, tor the quarter ended December 31, 2019 and for the period from April 01,2019 to December 31, 2019 respectively, included in the consolidated unaudited financialresults as considered in the consolidated unaudited financial results. This interim financial

result has been reviewed by other auditor, whose report has been furnished to us by themanagement and our conclusion on the Statement, in so far as it relates to the amounts and

disclosures in respect of these subsidiaries is based solely on the report of the other auditorand procedures performed by us as stated in paragraph 3 above.

Our conclusion on the Statement is not modified in respect of the above matter.

For VKR & Associates.

Chartered Accountants

ICAI Firm Registration No.: 32032313

WSWSantosh Kumar Agrawal, FCA

(Partner)

Membership No.: 067092

UDIN: 20067092AAAAA11724

Kolkata, 13th day of February, 2020

BRANCH

Rcipur (Chhuflisgarh)

A . . . .NTC ntc Industries lImIted

Reg. Off: 149, B.T. Road, Kamarhati, Kolkata - 700058

(Re. In lacs)

Statement of Standalone Un-Audited Financial Results for the Quarter and Nine months Ended 31/12/2019

3. Particulars St “ '

No. Quarter ended Nine Months Ended Year ended

31.12.2019 30.09.2019 31.12.2018 31.12.2019 31.12.2018 31.03.2019

(Refer Notes Below) (Un-Audited) (Un-Audited) (Un-Audited) (Un-Audited) (Un-Audited) (Audited)

1 I from operations

Revenue from Operations

(3) Gross revenue from sales of products & services 235.62 306.62 245.00 693.95 821.49 1135.39

(b) Other operating Income 103.97 90.15 7.93 283.34 23.22 33.62

Other Income 126.52 131.79 217.56 384.73 446.21 943.52

Total income 466.11 52_8_£6 470.49 1362.02 1290.92 2112.53

2 Expenses

(a) Cost of materials consumed 136.57 161.51 71.06 364.35 275.41 424.46

(b) Purchases of stock-ln-trade 12.42 10.23 64.93 40.76 156.75 212.26

gigckfih‘argzse In inventories of finished goods, work-in—progress and (51.06) 18.87 20.59 (3232) 30_73 26.68

(d) Excise Duty & GST 11.86 10.78 11.59 34.17 28.05 40.24

(e) Employee benefits expense 83.33 79.18 84.78 243.32 261.99 364.43

(f) Depreciation and amortisation expense 12.91 12.91 12.54 38.11 37.68 49.39

(9) Finance costs 7.49 8.76 9.37 22.62 24.59 31.46

(h) Other expenses 150.11 228.27 65.60 669.47 238.49 514.17

Total expenses 363.63 530.31 340.46 1379.98 1053.69 1663.09

3 Profit/(Loss) before Exceptional Items (1-2) 102.48 (1.95) 130.03 (17.96) 237E 449.44

4 Exceptional Items - - - 186.44 -

5 Profit/(Loss) before tax (3-4) 1&48 (1.35) 130.03 168.48 237.23 449.44

6 Tax expense 0.00 .00 0.00 0.00 0.00 93.00

(a) For current income tax - - - - - 96.00

(b) Tax adjustments for earlier years - - - - - 0.00

(c) For Deferred Tax - - - - - (3.00)

7 Net Profit / (Loss) for the period (5-6) L248 (LSLS) 1=30.03 168.48 237.23 356.44

8 Other Comprehensive Income (149.44) (11.97) (64.26) (201.73) 66.78 (49.07)

9 Total Other Comprehensive Income (7+8) (46.96) (1_3.=92) 65.17 (33.33) 304.01 307$=

10 Paid-up equity share capital(Face Value of Rs.10/- each) 1075.00 1075.00 1075.00 1075.00 1075.00 1075.00

11 Reserve excluding Revaluation Reserves as per balance sheet of _ _ _ _ _ 2,767.80Drevlous accountina vear

12 Earnings per share (EPS) in Rs.

(a) .Basic & Diluted EPS before extraordinary Items 0.95 (0.02) 1.21 1.57 2.21 3.32

(a) Basic & Diluted EPS afier extraordinary Items 0.95 40.02) 1.21 1.57 2.21 3.32

Notes :

1) The financial results of the Company have been prepared In accordance with Indian Accounting Standards (Ind AS) notified under the Companies (Indlan Accounting Standards)Rules, 2015 as amended by the Companies (Indian Accounting Standards) (Amendment) Rules, 2016.

2)

3)4)

5)

6)7)

8)

The above Unaudited Financial Results for the quarter and nine months ended 315t December, 2019 were reviewed by the Audit Committee and approved by the Board of Directorsof the Company at their respective meetings held on 13th February, 2020. Umited Review of the Unaudited Financial Results for the quarter and nine months ended 31st

December, 2019, as required under Regulation 33 of the SEBI (Listing Obllgations and Disclosure Requirements) Regulations, 2015 has been carried out by the Statutory Auditorsof the Company.

This statement Is as per Regulation 33 of the SEBI (Ustlng Obligations and Disclosure Requirements) Regulations, 2015.

As the Company's Business Activity falls within a Single business segment, the disclosure requirements of Indian Accounting Standard-108 "Operating Segment" is not applicable.

The figure for the quarter ended 315t December, 2019 are the balancing figures between the Un-audlted financial result for the nine months ended 31$t December, 2019 and thepublished financial result for the half year ended 30th September, 2019.

There were no exceptional Items during the quarter and the calculation of Deferred Tax will be made at the year end.

The CEO and CFO certificate In respect of the above result in terms of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 has been placed before theBoard of Directors.

To facilitate comparison, figures of prevelous years/quarters have been re—grouped/re-arranged/re~classified, wherever necessary.

Date: 13.02.2020PlacezKolkata

NATE ntc industries limitedReg. Off: 149, B.T. Road, Kamarhati, Kolkata - 700058

(Re. In lacs)

Statement of Consolidated Un-Audited Financial Results for the Quarter and Nine months Ended 31/12/2019

SI. Particulars Consolidated

N°- Quarter ended Nine Months Ended Year ended

31.12.2019 30.09.2019 31.12.2018 31.12.2019 31.12.2018 31.03.2019

(Refer Notes Below) (Un-Audited) (Un-Audited) (Un-Audited) (Un-Audited) (Un-Audited) (Audited)

1 Income from operations

Revenue from Operations

(a) Gross revenue from sales of products & services 235.62 306.62 245.00 693.95 821.49 1135.39

(b) Other operating income 287.35 264.60 275.13 824.87 803.06 1078.08

Other Income 134.02 135.55 229.49 408.74 474.08 993.70

Total income 6529 706.77 749.6; 1927.56 2098.63 3207.17 ‘

2 Expenses

(a) Cost of materials consumed 136.57 161.51 71.06 364.35 275.41 424.46

(b) Purchases of stock-In-trade 12.42 10.23 64.93 40.76 156.75 212.26

gigckiha-Ergailim inventories of finished goods, work-in-progress and (51.06) 18.87 20.59 (32.82) 30.73 26.68

(d) Excise Duty 8 GST 11.86 10.78 11.59 34.17 28.05 40.24

(e) Employee benefits expense 89.17 87.91 92.61 264.33 294.46 405.56

(f) Depreciation and amortisation expense 48.33 48.22 47.66 143.57 142.65 188.91

(9) Finance costs 21.84 35.79 45.80 94.35 134.40 178.76

(h) Other expenses 191.90 234.49 97.32 728.00 318.22 619.84

Total expenses 46:03 607.80 451;:6 16_36.71 1_3§0.67 2096.71

3 Proflt/(LOSS) before Exceptional Items (1-2) 195.96 98.97 298.06 290.35 717.96 1110.464 Exceptional Items - - - - -

5 Profit/(Loss) before tax (3-4) 19596 98.97 298.06 2=90.85 72936 1110.46

6 Tax expense - - - - - 248.62

(a) For current income tax - - - - - 251.62

(b) Tax adjustments for earlier years — - - - - -

(c) For Deferred Tax - - - - - (3.00)

7 Net Profit / (Loss) for the period (5-6) 195.96 98.97 298.06 290.85 717.96 861.84

8 Other Comprehensive Income (149.44) LIE (64.26) (201.73) 66.78 (49.07)9 Total Other Comprehensive Income (7+8) 46.32 87.00 233.80 89.1_.=2II 784.74 812.77

10 PaId-up equity share capital "_=(Face Value of Rs.10/- each) 1075.00 1075.00 1075.00 1075.00 1075.00 1075.00

11 Reserve excluding Revaluation Reserves as per balance sheet of _ _ . _ _ 4 319 81orevious accountina vear ' '

12 Earnings per share (EPS) in Rs.

(a) Basic & Diluted EPS before extraordinary items 1.82 0.92 2.77 2.71 6.68 8.02

(a) Basic & Diluted EPS after extraordinary items 1.82 0.92 2.77 2.71 6.68 8.02

Date: 13.02.2020

Place:K0lkata