HBL Engineering Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2021

1. The above financial results were reviewed by the Audit Committee in its meeting held on june 21, 2021 and approved by the Board of Directors at the meeting held on June 21, 2021. Above meetings were held through video conference.

2. The figures of the quarter ended 31.03.2021 are the balancing figures between the audited figures in respect of the full financial year and the published year to date figures upto the third quarter of the current financial year.

3. EPS is calculated based on total comprehensive income which is attributable to equity shareholders.

4. The Board of Directors have recommended a Dividend of 35% on the paid-up capital of the company, representing Rs. 0.35/- per Equity Share of Re.1 each paid-up.

5 The Company has considered possible impact that may arise out of COVID 19 while preparing the financial results for the Quarter ended 31st March 2021 and for the Year ended 31st March 2021. Based on its assessment of the impact, the Company expects to recover the carrying amount of all its assets including Inventories, Receivables and other financial and non-financial assets based on the internal and external information available. The Company is continuously monitoring any material changes in future economic conditions due to COVID.

6. Figures of the previous quarters / periods have been regrouped, wherever necessary.