0 BOSCH Corporate Relationship Department BSE Limited 1st Floor, New Trading Ring Rotunda Building Phiroze Jeejeebhoy Towers Dalal Street, Fort, Mumbai - 400 001 Scrip code:500530 Dear Sir/Madam, The Manager Listing Department National Stock Exchange of India Ltd. Exchange Plaza, 5th Floor, C -i, Block G Bandra-Kurla Complex, Bandra (E,) Mumbai - 400 051 Scrip code: BOSCH LTD Bosch Limited Post Box No:3000 Hosur Road, Adugodi Bangalore -560030 Karnataka, India Tel +91 80 6752 1750 www.bosch.in L85110K41951PLC000761 05.02.2020 Sub: Intimation as per Regulation 30 of SEBl (Listing Obligations & Disclosure Requirements) Regulations, 2015: This is to inform you that the Board of Directors of Bosch Limited (the "CompanyT) at their meeting held today i.e. February 05, 2020 have, inter-a/ia, approved the following: 1. Unaudited Standalone & Consolidated financial results for the quarter and nine months ended December 31, 2019; 2. Re -appointment of Mr. Soumitra Bhattacharya as a Managing Director for a further period of 2 years from July 01, 2020 to June 30, 2022, based on the recommendations of Nomination & Remuneration Committee and subject to approval of the shareholders. Please find enclosed herewith the following: 1. Details pursuant to SEBI Circular ClR/CFD/CMD/4/2015 dated September 09, 2015 are enclosed as Annexure "A". 2. Press Release dated February 05, 2020 as Annexure "B". 3. Unaudited Standalone & Consolidated financial results for the quarter and nine months ended December 31, 2019 along with the Limited Review Report as Annexure "C" The Board Meeting commenced at 1040 hours and concluded at J 2 5 hours. This is for your information please. Thanking you Yours faithfully, for Bosch Limited, Ra Parte Company Secretary and Compliance Officer End: as above Registered Office: Bosch Limited, Hosur Road, Bangalore -560030, Karnataka, India Managing Director: Soumitra Bhattacharya, Joint Managing Director: Jan Oliver Rohrl
Sub: Intimation as per Regulation 30 of SEBl (Listing Obligations & DisclosureRequirements) Regulations, 2015:
This is to inform you that the Board of Directors of Bosch Limited (the "CompanyT) at their meetingheld today i.e. February 05, 2020 have, inter-a/ia, approved the following:
1. Unaudited Standalone & Consolidated financial results for the quarter and nine monthsended December 31, 2019;
2. Re-appointment of Mr. Soumitra Bhattacharya as a Managing Director for a further period of 2years from July 01, 2020 to June 30, 2022, based on the recommendations of Nomination &Remuneration Committee and subject to approval of the shareholders.
Please find enclosed herewith the following:
1. Details pursuant to SEBI Circular ClR/CFD/CMD/4/2015 dated September 09, 2015 areenclosed as Annexure "A".
2. Press Release dated February 05, 2020 as Annexure "B".3. Unaudited Standalone & Consolidated financial results for the quarter and nine months
ended December 31, 2019 along with the Limited Review Report as Annexure "C"
The Board Meeting commenced at 1040 hours and concluded at J 2 5 hours.
This is for your information please.
Thanking you
Yours faithfully,for Bosch Limited,
Ra ParteCompany Secretary andCompliance OfficerEnd: as above
Registered Office: Bosch Limited, Hosur Road, Bangalore-560030, Karnataka, IndiaManaging Director: Soumitra Bhattacharya, Joint Managing Director: Jan Oliver Rohrl
0 BOSCH
Annexure "A"
Details pursuant to SEBl Circular CIR/CFD/CMD/4/2015 dated September 09, 2015:
ii Details of Events Information for such event(s)NoA
__________________
Reason for change viz.____________________________________________
Re-appointment of Mr. Soumitra Bhattacharya as a ManagingAppointment, Directoreresignation, removal,death or otherwise
B Date of_____________________________________________________
Re -appointed for a further period of 2 years from July 01, 2020Appointment/Resignation to June 30, 2022& term of appointment
C Brief Profile_____________________________________________________
Soumitra Bhattacharya's career spans 35 years ofprofessional experience in the corporate world. He is aChartered Accountant by profession from The Institute ofChartered Accountants of India, and has completed hisArticleship from PricewaterhouseCoopers.Soumitra Bhattacharya is currently the Managing Director ofBosch Ltd. and President for the Bosch Group in India. Withover 23 years of experience in Bosch, Mr. Bhattacharya hasheld various positions within the Group, both in India as wellas internationally. During his past assignments, he has servedas Commercial Director of Robert Bosch Turkey (RBTR) from2005-2008. Before his assignment in Turkey, he served as theVice President and was responsible for the commercialfunctions at Bosch Ltd., for the Nashik & Jaipur plants. He wasalso in charge of corporate planning and controlling for BoschLtd.Prior to this role during 1998-99, he worked in Stuttgart,Germany, on deputation to Robert Bosch GmbH as GeneralManager at the Feuerbach Plant. He is an ExecutiveCommittee Member of Automotive Component ManufacturersAssociation of India (ACMA). Previously, he was the Chairman(2013-2014) for the Karnataka State Council for Confederationof Indian Industry (CII) in India and he is currently the Co-Chairfor Skills Committee-ClI at the National Level and a CIINational Council Member, besides being a Member of CIISouthern Region Council. Prior to Bosch Ltd., from 1984 to1995, he served in various management positions at TATASteel (IPITATA), Indian Aluminum Company Ltd., (INDAL),and Titan Company Limited.
E Information as required Mr. Soumitra Bhattacharya is not debarred from holding thepursuant to BSE Circular office of director by virtue of any SEBl order or any other suchwith ref. no authority.LI ST/CO M P/14/2018-19and the NSE Circular ref.no NSE/CML/2018/24dated June 20, 2019.
____ _____
y
Press release
Annexure "B"
Quarter 03.2019-2020 financial resultsBosch Limited registers 13.7 percent (before EI)Profit Before Tax (PBT) from continuing operations
Total revenue from operations has increased by 9.7 percent over immediate
previous quarter.
Total revenue from operations declined by 15.7 percent in Q3 of FY 2019-20
over the same period of the previous year.
Profit After Tax (PAT) from continuing operations stood at 4.7 percent.
Bengaluru - Bosch Limited, a leading supplier of technology and services, posted
total revenue from operations of lNR 2,537 crores in Quarter 3 of FY 2019-20,
registering a decline of 15.7 percent over the same period of the previous year.
The industry downturn continues with cyclical and structural change and has been
adversely impacting the auto sector, mainly the commercial vehicle and tractor
segment. However, the total revenue from operations has increased by 9.7
percent, over its immediate previous quarter, contributed mainly from the Service
and R&D income. The Profit Before Tax (PBT) before exceptional item from
continuing operations stood at INR 347 crores which is a decline of 27.5 percent
over the same period of previous year.
The Profit Before Tax after exceptional item stood at INR 140 crores which is 5.5
percent of total revenue from operations.
During the quarter, Bosch Limited has made an additional provision of INR 207
crores, towards various restructuring (considering the upcoming BS -Vl emission
standards) and transformational projects. These provisions are in line with the
company's transformation initiatives to capture the opportunities in the emerging
electro mobility and mobility segment.
In accordance with the approvals received from the Board of Directors from the
shareholders, Bosch Limited has executed the business transfer agreement on
Bosch Limited Mr. Uday Philip Corporate Communications/IndiaHosur Road, Adugodi Phone: +91 9972975291 Head -Shashikant Ameet Rele
About Bosch in IndiaIn India, Bosch is a leading supplier of technology and services in the areas of MobilitySolutions, Industrial Technology, Consumer Goods, and Energy and Building Technology.Additionally, Bosch has in India the largest development center outside Germany, for end toend engineering and technology solutions. The Bosch Group operates in India through twelvecompanies, viz, Bosch Limited, Bosch Chassis Systems India Private Limited, Bosch Rexroth(India) Private Limited, Robert Bosch Engineering and Business Solutions Private Limited,Bosch Automotive Electronics India Private Limited, Bosch Electrical Drives India PrivateLimited, BSH Home Appliances Private Limited, ETAS Automotive India Private Limited,Robert Bosch Automotive Steering Private Limited, Automobility Services and SolutionsPrivate Limited, Newtech Filter India Private Limited and Mivin Engg. Technologies PrivateLimited. In India, Bosch set-up its manufacturing operation in 1951, which has grown over theyears to include 18 manufacturing sites, and seven development and application centers.Bosch Group in India employs over 31,000 associates and generated consolidated revenue ofabout !.21,450 crores* (2.66 billion euros) in 2018 of which '. 15,824 crores*(1.96 billioneuros) from third party. The Group in India has close to 18,000 research and developmentassociates.
In India, Bosch Limited is the flagship company of the Bosch Group. It earned revenue ofover '. 12,460 crores (1.54 billion euros) in 2018. Additional information can be accessed atwww.bosch.in
About Bosch GroupThe Bosch Group is a leading global supplier of technology and services. It employs roughly403,000 associates worldwide (as of December 31, 2019). According to preliminary figures,the company generated sales of 77.9 billion euros in 2019. Its operations are divided into fourbusiness sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy andBuilding Technology. As a leading loT company, Bosch offers innovative solutions for smarthomes, smart cities, connected mobility, and connected manufacturing. It uses its expertise insensor technology, software, and services, as well as its own loT cloud, to offer its customersconnected, cross-domain solutions from a single source. The Bosch Group's strategicobjective is to deliver innovations for a connected life. Bosch improves quality of life worldwidewith products and services that are innovative and spark enthusiasm. In short, Bosch createstechnology that is "Invented for life." The Bosch Group comprises Robert Bosch GmbH and itsroughly 440 subsidiary and regional companies in 60 countries. Including sales and servicepartners, Bosch's global manufacturing, engineering, and sales network covers nearly everycountry in the world. The basis for the company's future growth is its innovative strength. At125 locations across the globe, Bosch employs some 72,000 associates in research anddevelopment.
The company was set up in Stuttgart in 1886 by Robert Bosch (1861-1942) as "Workshop forPrecision Mechanics and Electrical Engineering." The special ownership structure of RobertBosch GmbH guarantees the entrepreneurial freedom of the Bosch Group, making it possiblefor the company to plan over the long term and to undertake significant upfront investments inthe safeguarding of its future. Ninety-two percent of the share capital of Robert Bosch GmbH isheld by Robert Bosch Stiftung GmbH, a charitable foundation. The majority of voting rights areheld by Robert Bosch lndustrietreuhand KG, an industrial trust. The entrepreneurial ownershipfunctions are carried out by the trust. The remaining shares are held by the Bosch family andby Robert Bosch GmbH.
Additional information is available online at www.bosch.com, www.iot.bosch.com, www.bosch -
press.com, www.twitter.com/BoschPresse.
’eiPage 3 of 3
NEj) EDeloitteHaskins & Sells LLP
ccChartered AccountantsPrestige Trade Tower, Level 1946, Palace Road, High GroundsBengaluru -560001Karnataka, India
Tel: +91 8061886000Fax: +91 8061886011
INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM STANDALONEFINANCIAL RESULTS
TO THE BOARD OF DIRECTORS OF BOSCH LIMITED
1. We have reviewed the accompanying Statement of Standalone Unaudited Financial Resultsof BOSCH LIMITED ("the Company"), for the quarter and nine months ended December31, 2019 ("the Statement"), being submitted by the Company pursuant to the requirementof Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015, as amended.
2. This Statement, which is the responsibility of the Company's Management and approved bythe Company's Board of Directors, has been prepared in accordance with the recognitionand measurement principles laid down in the Indian Accounting Standard 34 "InterimFinancial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act,2013 read with relevant rules issued thereunder and other accounting principles generallyaccepted in India. Our responsibility is to express a conclusion on the Statement based onour review.
3. We conducted our review of the Statement in accordance with the Standard on ReviewEngagements (SRE) 2410 'Review of Interim Financial Information Performed by theIndependent Auditor of the Entity', issued by the Institute of Chartered Accountants of India(ICAI). A review of interim financial information consists of making inquiries, primarily ofthe Company's personnel responsible for financial and accounting matters, and applyinganalytical and other review procedures. A review is substantially less in scope than an auditconducted in accordance with Standards on Auditing specified under section 143(10) of theCompanies Act, 2013 and consequently does not enable us to obtain assurance that wewould 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 stated in paragraph 3 above nothing has come to ourattention that causes us to believe that the accompanying Statement, prepared inaccordance with the recognition and measurement principles laid down in the aforesaidIndian Accounting Standard and other accounting principles generally accepted in India, hasnot disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended,including the manner in which it is to be disclosed, or that it contains any materialmisstatement.
For DELOITTE HASKINS & SELLS LLPChartered Accountants
Notes1 The ebcce vanaudited standalone fatanolat renuts Wet, revieWed by the Audit Committee and approved by the Oosrd at Oren meeting held on February 5,2020. The standalone
155005 tor the 90.11er ended September 30, 2010, Denember 3t, 20t6, this mntrtte ended oecsmben 3t. 20102nd yssn ended March 31. 2019 boos been sublevt to reviewtaudit by the statutory sud'Sors cl the Company.
2 bileolitue Ist Apel, 2019,00 Company has adopted nd 40119 Leases app5ed 1009 base notrlrects sdshrrg on epA I, 20t9 using modifed relrospectve apprtacln. On tha daleotirdisi eppilvator the Company has recognlded equivalent loose IsbOty end ritht Ut Ilse asset urithout impositng operkrg reserves. The eppicatior or Ind AS 116 did not hone snymaterial enyant on the financial resuits reported dunng the period.
3 In anoordanoscith the approvals recohed 6cm the Boatd cl oirectors on Mey 2t,2019 and from the shareholders on August 23, 20t9, the Compony haseoscuted the RusinessTraveler Agreement on 0096er 1.2019 and transterred the business otPsckaging under the non.at,tomesvo product, segment ctthe Company ova gAng concern bass bywayetslomp sale to Robed 60.05 Psckagkrg Technology India Prroate Limeed (subsidiary cl Robed Rosch l°eokegarg Teolorology Ombd, Germany). Consequetrtty profit before tooand profit after leo for the Paoksging business hove been disniosed sepsrotefr as disnontinved operstion under the ebove r55u55.
4 Results otdisvontinved oparotlon lindudtrg krrpect cl ember pariOds)
Current Preceding Ones Corresponding Yearn date Year 164010
three et:nths months ended thtern:nths ligAtes tor theToot etched
pendous period
Partioldars 000ember 31, Snplembct 30. December 31, Oncembat 31. December 3t,2010 2019 2018 2019 2018 Mar h 3t 2019
Tan sopenset credit) 01 diadontlrued Operation 2,4t2 Itt) 350 2.214 302 237toe the period trom disvontreoed
7,892 (43s( 807 5,562 795 468
9 The Compony is undergoing maiot ItarstormaSon noah tegard to slrvotwal and vyubcat chenges 0 automotras market and emerging 0pp0ttun5ie5 0 the etectro mobaty andmobility segment. During the qusrtat, the Company has made on 0dd90n01 pnovi.lon t0005nds votious cesln.rotur9rg end trarslonnalioral prolevIs and disclosed as oneoceptionel ibm tor the 50511er and rare months ended oOcemher 31, 2019.
The Comysry has elected to eceroise the oytnn yormated vorder SectIon 115685 cl the Income Tao Aol. toot as rrlrcduced by the Taoatron Lent. (Amendment) ordinenoe,2ci000frlcir prourdea domestic cdmpanaa to pay tao at conceesonol tao rats 0t22% pbs applcabte surcharge arId Oese. Once eceroleed, such or option cannot be orlhdrawnfor the same or subsequent Assessment yeers. Consequeirtep the Company Ira, appbed conventional tau rote on the profit Icr the period crd the openhrg debIted tao asset(nell Ira. been remeesured at the tooter rate, SOft one tans change cl 0.14.403 laiths pert000ng to lee rats charge on opening deterred 10010 Statement olprofib end bes forthe querter ended Seplembet 30.2010 and nine mordtrs ended 000embar 31.2018.
7 PrecIous period f5w05 heus been tsgrouped to corlorm orth the dassifloatlon edopted in these forocraltsouts.
PIece - gergahtu (Ooumitra Rhsracharya)Oats February S. 2020
;09ortaoto * (RB.No. 3000 \ *I4osui Road Jo
èBAH&
DeloitteHaskins & Sells LLP
Chartered AccountantsPrestige Trade Tower, Level 1946, Palace Road, High GroundsBengaluru - 560 001Karnataka, India
Tel: +91 8061886000Fax: +91 80 6188 6011
INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM CONSOLIDATEDFINANCIAL RESULTS
TO THE BOARD OF DIRECTORS OFBOSCH LIMITED
We have reviewed the accompanying Statement of Consolidated Unaudited FinancialResults of BOSCH LIMITED ("the Parent") and its subsidiaries (the Parent and itssubsidiary together referred to as "the Group"), and its share of the net profit after tax andtotal comprehensive income of its associate and joint venture for the quarter and ninemonths ended December 31, 2019) ("the Statement") being submitted by the Parentpursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations andDisclosure Requirements) Regulations, 2015, as amended.
2. This Statement, which is the responsibility of the Parent's Management and approved bythe Parent's Board of Directors, has been prepared in accordance with the recognition andmeasurement principles laid down in the Indian Accounting Standard 34 "Interim FinancialReporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 readwith relevant rules issued thereunder and other accounting principles generally accepted inIndia. 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 ReviewEngagements (SRE) 2410 "Review of Interim Financial Information Performed by theIndependent Auditor of the Entity", issued by the Institute of Chartered Accountants ofIndia (ICAl). A review of interim financial information consists of making inquiries,primarily of Parent's personnel responsible for financial and accounting matters, andapplying analytical and other review procedures. A review is substantially less in scopethan an audit conducted in accordance with Standards on Auditing specified under Section143(10) of the Companies Act, 2013 and consequently does not enable us to obtainassurance that we would become aware of all significant matters that might be identified inan audit. Accordingly, we do not express an audit opinion.
Attention is drawn to Note 8 to the Statement which states that the consolidated figures forthe corresponding quarter and nine months ended December 31, 2018, as reported in theaccompanying Statement have been approved by the Parent's Board of Directors, but havenot been subjected to review.
4. The Statement includes the results of the following entities:
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 accompanyingStatement, prepared in accordance with the recognition and measurement principles laiddown in the aforesaid Indian Accounting Standard and other accounting principlesgenerally accepted in India, has not disclosed the information required to be disclosed interms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015, as amended, including the manner in which it is to be disclosed, or thatit contains any material misstatement.
6. The consolidated unaudited financial results includes the interim financial results of oneJoint Venture which has not been reviewed by their auditors, whose interim financial resultsreflect total revenues of Rs. 196 lakhs and Rs. 262 lakhs for the quarter and nine monthsended December 31, 2019 respectively, total loss after tax of Rs. 56 lakhs and Rs. 137lakhs for the quarter and nine months ended December 31, 2019 respectively and totalcomprehensive loss of Rs. 56 lakhs and Rs. 137 lakhs for the quarter and nine monthsended December 31, 2019 respectively. The consolidated unaudited financial results alsoincludes the Group's share of loss after tax of Rs. 22 lakhs and Rs. 55 lakhs for the quarterand nine months ended December 31, 2019 respectively and total comprehensive loss ofRs. 22 lakhs and Rs. 55 lakhs for the quarter and nine months ended December 31, 2019respectively as considered in the statement, in respect of the said joint venture, based ontheir interim financial results which have not been reviewed by their auditors. According tothe information and explanations given to us by the Management, these interim financialresults are not material to the Group.
Our Conclusion on the Statement is not modified in respect of our reliance on the interimfinancial results certified by the Management
For DELOITTE HASKINS & SELLS LIPChartered Accountants
Statement of Consolidated Unaudited Results for the quarter and nine months ended December 31, 2019
Particulars
1 Income(a) Revenue from operations
(b) Other Income
Total Income (a+b)
2 Expenses(a) Cost of materials consumed
(b) Purchases of stock-in-trade
(C) Changes in inventories of finished goods, work-in-progress and stockin-trade
(d) Employee benefits expense
(e) Finance costs
(f) Depreciation and amortisation expense
)g( Other expenses
Total expenses
3 Profit before exceptional Items and tax (1 - 2)
4 Exceptional Items (Refer Note 5)
5 Profit before tax from continuing operations (3 -4)
6 Tax expense of continuing operationsCurrent tax
(i) for the year
(ii) relating to earlier years
Deferred tax charge! (credit)
Total tax expense
Profit for the period from continuing operations before impact of taxrate change
8 Tax expense - Impact of change in the tax rate on opening deferred foxasset (Refer Note 6)
9 Profit for the period from continuing operations (7 - 8)
10 Profit! (loss) before tax from discontinued operation (Refer Note 3 & 4)
11 Tax expense/ (credit) of discontinued operation (Refer Note 4)
12 Proflt/ (loss) forthe period from discontinued operatIon (10-11) (ReferNote 4)
13 Net Profit for the period (9+12)
14 Share of profit of associate and joint venture
15 Net Profit after taxes and share of profit of Associate and JointVentura(13 + 14)
16 Other comprehensive income (net of income tax)(hems that will not be reclassified to Statement of Profit and Loss)
17 Total comprehensive income for the period (15 + 16)
18 Paid-up equity share capital (Face value of Re 10/- each)
19 Reserve excluding Revaluation Reserves
20 Earnings per share (of Rs 10/- each) from continuing operations (weightedaverage)
(a) Basic(b) Diluted
21 Earnings per share (of Rs 10!- each) from discontinued operation (weightedaverage)
)a) Basic(b) Diluted
22 Earnings per share (of Rs 10/- each) from total operations (weightedaverage)
(a) Basic(b) Diluted
(( CHARTERED \c;
_____________
________________
_____________ _____________ ______________
(Rs. In Lakhs(Year to date Year to dateCurrent Corresponding figures tor the figures for thePreceding threethree months three months Year endedmonths ended current period previous period
ended ended ended endedDecember 31 September 30, December 31 December31 December31
Segment mice Conaotld,ted Renenue, Result,, Aaset. end Liabilities Under Ragotatlon 33er the SEBI(Listing Obilgolian, end Olsale,rrr. Requirstnenta( Regoiationc 2015
Currant Preceding threeCorresponding Year to date Year to dare
thteanronths ended months ended figures tor the tgures forth. 7 r nd
Partsutarsen a runent period precious period
ended ended
December 3t. September 30, Decenrber3l Decentb,r3t. Derember 31.2019 2019 2018 20t9 2018 U h 31 2015
flotno1 The above rmeudned lnenciai reside were racrecoed by the Andi Comminee end approved by the Board etthep rneeirng held on February 5,2020. The conenidated restubs 10,16,
quarter ended September30. 2019 end year ended Manch 31,2019 haoe been subiecf to 1551cm 1.040 by the stotrstory audCors otth, Company.
2 EffectIve Ist 518r1, 2019, the Group has adopted md AS ItS "Lesen,' opp5nd to ah lease oontrenl, cAsIno on Apni 1,2019 using modAud retrospectnre epprcsch. On the dale ofinitial eyp)cetion ihn group has renognised equioai,nt lees, kab0ty and right of use easel without inrpacturg opening reserves. The eppilcetion of md AS 116 did not hove enymeietietimpact on the tnsndet resuCs reported durhrg ihe period.
9 In accordance wib the epproosia received from the Boerd ot Directors on Mey 2f, 2010 end Iron, 16, shereholders on August 23,2019, the Cempeny has ’oecuied the sueln,ssTransfer Agreenrent on October I, 20t9 end Irenefened the buede,e of Puckaging under the non-automotive produots eegnrent of the Company ens going concem belts by cay ofskimp sei, to Robed Oosch Packaging Technohgy India Private Lanited )subsltiery of Rebel Bosoh Packaging Tenhnohgy GmbH, Gnnrreny). Cansrqoently proSt before tun andprofe after tao for the Packaging buscreso have been d'sciosad ’eperetniyes discontinued opetalon under 16, ebnen resues.
4 Resu9. of disnnntinued operation )kroluderg knpert of eerier perodsi
d lb8Conesponding YnOrtndei. Veartodete
Curnenithree months ended th d three months
endedligutes forth,
cornell periodtgures tor the
precious periodYeur
p n' I ended endedDecember31,
2019September30,
2019December31.
2010December31,
2019December31.
20t8 arcM 631 2019
hljnsuditedl lUnaud'nedllUnaodnedl)Ra1et
(Uneudl,d) jdudjled)
Total income 9,504 4,71 b 8,770 16,558 15,365 1 7.280Total Eiqr.nses ' 5,256 7,727 7,042 14,215 10.594Press (cast before tea Item disoontinuad uporutian 9,504 (540) s,oea 6,716 5,550 656Tece,q,ensel (credit) of discontinued operatjon 2,412 (III) 356 2,214 t2 237
5 The Droop is cndergoirg major transformation noch regard to sfrocturei and cystcal changes in eutemetius rnarlret end emerging oppoflunbios in ha eiectre nr0bi18y and mab0tysegment. During the quufler, the Group has made an sddtcnal pron&on toouards various r.stnlcturing end irsnatormshionsl projecis and disclosed asan eocep6onai item for Ihe
arrd nine months ended December 31.2010.
6 The Group hes elected to enclose he option pernrlled undet Sectsc I I5BkR cl the Income Tar Ad, 1961 asintroduoed by th, Taoalon Laws (Amendment) Ondinence, 2019which prodndes domestic cornpenies to pay leo at roncesnonel tan role of 22% plus epplicebl, sutcherge end reis. Once ’nernsed, such an opt'on cennot be w'thdrewn tor the sameor subssquenl Assessmenr yeers. Con,equenlty, the Droop has appled ooncessional Isolate on ihe protk Ion the period and the opening dsferred tan asset (nell hus beenrerneeeured ut the lower Ist,, with one tine change 01 Rs.14,403 takhs pertaining to len rate change on opening deferred Ian to Statement of profil and Into for the quarrel endedSeptember 30.2019.
7 As par SEBi caroler no.CiRlCFDlCM0ti44l2Df 9 dated Meroh 20.2019. the consoldated l'Rurss for the queflerend nuremonlh5 ended December 312010cr, epproved bytheParent', Board cf Do,ctnn, and have not been subjected to rauten, by tIre statutory 5ud6015 otihe Company.
8 Precious period figcree have been regrcuped to ccnlorm wiih the clesue'celcc adopted 'er these ',rudel r.sues.
