Beardsell Ltd. - Quarterly/Annual Result Disclosures and Notes dated 30 Jun 2023

NOTES TO UNADUITED STANDALONE FINANCIAL RESULT

a) The unaudited standalone financial results for the quarter and year ended June 30, 2023, which has been prepared in accordance with the Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013 as amended, have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on August 12, 2023. The limited review of the standalone financial reults for the quarter and year ended June 30, 2023 and have been carried out by the statutory auditors .

b) The standalone financial results for the quarter ended March 31, 2023 are the balancing figure between audited figures in respect of the full financial years and the unaudited published year-to-date figures upto December 31, 2022 , being the date of the end of the third quarter for the financial year which were subjected to limited review.

c) The unaudited standalone financial results for the quarter ended June 30, 2023 also includes from the controlled entity - Saideep polytherm (Partnership firm) a profit of Rs.12.17 lakhs,loss of Rs.19 lakhs for the quarter ended June 30,2022, loss of Rs.17 lakhs for the Quarter ended March 31,2023, and a profit of Rs. 31.36 Lakhs for the year ended 31st March,2023.

d) The company has made preferential allotment of 19,71,656 Equity Shares to the promoters for Rs.2(Face Value) and Rs.21.85 (Securities Premium) on 8th May 2023. The company has utilised proceeds of Rs.470.24 Lakhs for the purpose of working capital.

e) The above financial results are also available on the stock exchange website www.bseindia.com, www.nseindia.com and on our website www.beardsell.co.in.