Batliboi Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Dec 2024

Notes to Standalone Financial Results:

1) The above unaudited standalone financial results have been prepared in accordance with the Indian Accounting Standards (Ind AS) notified under the Companies (Indian Accounting Standards) Rules 2015 as amended from time to time. The above unaudited standalone financial results were reviewed by Audit Committee and approved by Board of Directors at their meeting held on 06th February, 2025 and have been subject to limited review by Statutory auditors of the Company.

2) The Company operates in one segment as 'Industrial Equipment', since there is no other reportable segment as defined under Ind AS 108 "Operating Segments", no separate disclosure has been given.


3) During the quarter, the Company has exercised the option permitted under Section 115BAA of the Indian Income Tax Act, 1961 as introduced by The Taxation Laws (Amendment) Act, 2019. Accordingly, the Company has recognized provision for income tax and re-measured its deferred tax assets/liabilities at the rate prescribed in the said section. Impact of this change has been recognized in the Statement of Profit and Loss account and Other Comprehensive Income for the quarter and period ended 31st December 2024.

4) The Company had decided to sell a part of Land and Building out of the total factory land and building located at Surat which had been disclosed as Non Current Asset Held for Sale. The Company continues to look for a buyer.

5) Queen Projects (Mauritius) Ltd, Mauritius, subsidiary of the Company went into voluntary liquidation in F.Y. 2023-24 and got dissolved on 21st May 2024. Consequently, Quickmill Inc. (Canada) and 760 Rye Street Inc. (Canada) has become direct subsidiaries of the Company.

6) The Company has allotted 52,64,000 equity shares face value of Rs. 5/- each at Rs. 113.50 per share on preferential basis on 12th April 2024.

7) During the quarter, the Company convened the meeting of Equity Shareholders on 19th December, 2024 to approve the Scheme of arrangement between the Company and Batliboi Environmental Engineering Limited pursuant to the directions of Hon'ble National Company Law Tribunal (NCLT) vide order dated 24th October, 2024. The shareholders of the Company approved the Scheme unanimously. The Company has filed the petition with NCLT on 24th December 2024 and NCLT has delivered second motion Order on 22nd January 2025 stating that the final hearing is schedule for 12th March 2025.

8) Following are the details of standalone gross sales values of business handled including the values pertaining to agency business handled for which the Company earns commission :
Rs. In Lakhs
Particulars S T A N D A LO N E
Quarter Ended Nine Months Ended Year Ended
31.12.2024 30.09.2024 31.12.2023 31.12.2024 31.12.2023 31.03.2024
(Un-Audited) (Un-Audited) (Un-Audited) (Un-Audited) (Un-Audited) (Un-Audited)
Gross value of Business Handled (Including agency business) 15,013.27 9,382.28 17,051.91 36,108.53 42,145.76 62,715.13

9) The figures for the previous periods/year have been reclassified/regrouped where ever necessary.

For and on behalf of Board of Directors
Batliboi Ltd.





Sanjiv Joshi
Place: Mumbai Managing Director
Date : 06th February 2025 DIN: 08938810