LYKIS LIMITED -. DeuI Road. 000""-" _ . ... Coun1ry Club. .......·-. .......... <OOIlO3. Offtce: S71.C.R. A ' -Roof. 700 012 Tel: 4069 web5ite: · lPtSCfOUp· com aN November 14, 2019 To, The Manager, Department of Corporate Services, BSE limited, . P.J.Towers, Dalal Street, Mumbai - 400 001. Script Code: 530689 Subject: Outcome of Board Meet ing held on November 14, 2019 Dear Sir/Madam, The Board of Directors of the company at its meeting held on Thursday, November 14, 2019, interalia has consider and tran sacted following business: The Board has consider and adopted the Un-audited Financial Result (Standalone and Consolidated) for the Quarter and half Year ended September 30, 2019 and has noted limited Review Report of Auditors thereon. Kindly take t he same on you r record and oblige. Thanking You, Yours Fa ithfully, For Lykis limited Neha Mankame Company Secretary & Co
Paid -up e qultyshare caplta l I fiIIce value of8 RsI0/- per sh are) 1992.70 1992.70 1 992 .70 1992.70 1992.70 1992.70 1992.70 1 992.70 1992.70 1992.70 1992.70 ]992.70
Earnln £ pet shar e (EPSI(of Rs 10/.each Is not annualised
Notes :1) The above fina ncial results wer e reviewed by the Audit Committee of the Board and subsequently app roved by the Board of Directors of the Compa ny at its meeting held on 14t h Novembe r 2019 for th e quarter ended 30 Sept embe r 2019.
2) These financial results have bee n prep ared in accorda nce with the Compan ies (Indian Accou nt ing Sta ndard s) Rules, 2015 (Ind AS)presc ribed unde r Sect ion 133 of the Compa nies Act, 2013 an d ot her recognised acco unting practices and po licies, alongwith se ment wise results to the exte nt aoo liceble .
3) The Government of India has impleme nted Goods an d Services Tax IGSn with effect from July 1, 2017 which repla ces excise duty and variopus other indirect ta xes. In accord ance with INDASrequirements, the sales for the qu arte rs ended September30, 2019 and is repo rted net of GST.
4) Stat utory Auditor of the Compan y have conducted a 'li mited Review' of the financial resul ts for the quarter and half year ended in terms of Regulati on 33 of the SEBI (Usting Obligation and Disclosure Require ment s) Regulation, 201S. There ar e noqu alifications in this report issued by the Statuto ry Auditors.
5) The Balance of Debto rs, Credito rs and loan balances are subject to Confirmatio n .
STATEMENTOFSTANDALONECASH FLOW FORTHEHALFYEARENDEDSEPTEMBER30, 2019Rs. In lakhs
Half Year Ended Half Vear Ended Year EndedSeptember 30, 2019 September 30, 2018 March 31, 2019
A CASH FLOWFROM OPERATING ACTIVITIES
NETPROFIT/(LOSS) BEFORETAXES AND EXTRAORDINARY(153.19) (200.78) (42.48)
ITEMS
ADJUSTMENT FOR:FINANCECOST 103.S4 107.0S 216.29
DEPRECIATION AND AMORTISATIONOF PROPERTY, PLANT & EQUIPMENT 26.24 31.27DEPRECIATION AND AMORTISATIONOFINTANGIBLE ASSETS 68.45PROVISIONS (34.18) 118.77ADJUSTMENT FOREARLIER YEAR 1000) 0.92LOSS ON SALEOFASSETS 0.93 197.91 (0.34)ASSETS/LIABILITY NO LONGERREQUIRED WRITI ENBACK 56.94 198.25EXCHANGEFLUCTUATION (GAIN)/LOss ON LOAN (10.28) 78.06SUBSIDYFROMGOVERNMENT 10.21) 14.76)INTEREST INCOME (6.14) (4.37) (S8.62)DIVIDEND INCOME (0.08) (1.88)GsT INPUT CREDIT CLAIMBACK 29.42INCOMETAXPAID FOR EARLIER YEAR (1.78)
OPERATING PROFIT BEFOREWORKING CAPITAL CHANGE 47.24 95.97 571.75
ADJUSTMENT FOR:(INCREASE)/DECREA5EIN STOCK 197.43) (71.951 182.44(INCREASE)/DECREASEIN TRADERECEIVABLE (231.93) 505.41 1,123.41(INCREASE)/DECREASE IN CURRENTASSETS 83.6B 1,389.46 2,101.02(INCREASE)/ DECREAsEIN LOANS& ADVANCES 243.25 513.86 563.49DECREAsE/ IINCREAsE) IN INCOME TAXASSET 14.59} (208.61)DECREASE/ (INCREASE) IN FINANCIALASSETS· OTHER 520.45INCREASE/ (DECREASE) IN CURRENT FINANCIAL LIABILITIES· OTHER (29.42) (367.33)INCREASE/(DECREASE)IN CURRENT LIABILITIES (203.58) 989.24 (1,711.50)
(50.90)INCREASE/(DECREASE) IN TRADEPAYABLES 1211.381 249.23 918.62
(451.39) 3,575.25 3,071.09
CASH GENERATED FROM OPERATIONS 404.15 3,671.22 3,642.84
Independent Auditor's Review Report on quarterly Unaudited Standalone FinancialResults of Lykis Limited pursuant to the Regulation 33 of SEBI (Listing Obligationsand Disclosures Requirements) Regulations, 2015
To,The Board of DirectorsLykis Limited57B,CR Avenue,lst FloorKolkata-700012
1. We have reviewed the accompanying statement of unaudited standalone financialresults of Lykis Limited (the 'Company') for the quarter and half year endedSeptember 30, 2019 attached herewith, being submitted by the Company pursuantto the requirements of Regulation 33 of the SEBI (Listing Obligations and DisclosureRequirements) Regulations, 2015, as amended (the "Listing Regulations"). Attentionis drawn to the fact that the standalone figures for the net cash inflows for thecorresponding period from April 01, 2018 to September 30, 2018, as reported inthese unaudited Standalone financial results have been approved by the Company'sBoard of Directors, but have not been subjected to review.
2. The preparation of the Statement in accordance with recognition and measurementprinciples laid down in Indian Accounting Standard 34, Interim Financial Reporting(Ind AS 34) prescribed under Section 133 of the Companies Act, 2013 read with Rule3 of the Companies (Indian Accounting Standards) Rules, 2015 is the responsibilityof the Company's management and has been approved by the Board of Directors ofthe Company. Our responsibility is to express a conclusion on the statement basedon our review.
3. We conducted our review in accordance with the Standard on Review Engagements(SRE) 2410, Review of Interim Financial Information Performed by the IndependentAuditor of the Entity issued by the Institute of the Chartered Accountants of India.This standard requires that we plan and perform the review to obtain moderateassurances as to whether the statement is free of material misstatement. A review islimited primarily to inquiries of company personnel and analytical procedures
applied to financial data and thus provide less assurance than an audit. We havenot performed an audit and accordingly, we do not express and audit opinion.
4. Based on our review conducted as above, nothing has come to our attention thatcauses us to believe that the accompanying Statement, prepared in accordance withthe recognition and measurement principles laid down in the applicable IndianAccounting Standard ('Ind AS') specified under Section 133 of the CompaniesAct,2013, read with relevant rules issued there under and other recognizedaccounting practices and policies has not disclosed the information required to bedisclosed, including the manner in which it is to disclosed, or that it contains anymaterial misstatement.
For Banshi Jain & AssociatesChartered AccountantsICAI Firm Registration Number: l00990W
·Banshi Jain a AssociatesChartered Accountants
B. L. JainB.Com(Hons), F.CA
R. B. GolechaB.Com(Hons), F.CA
S. B. DudhawatB.Com(Hons), F.CA
Parag JainB.Com, F.CA, D.I.S.A
Anuj B. GolechaB.Com, F.CA, D.I.S.A
Vishal ShethB.Com, F.CA
Independent Auditor's Review Report on quarterly Unaudited Consolidated Financial Results oflykis limited pursuant to the Regulation 33 of SEBI (Listing Obligations and DisclosuresRequirements) Regulations, 2015
To,The Board of DirectorsLykis Limited57B,CR Avenue,lst FloorKolkata- 700012
1. We have reviewed the accompanying Statement of unaudited consolidated financial statementof Lykis Limited (the 'Holding Company'), its subsidiaries (the Holding Company and itssubsidiaries together referred to as II the Group"), and its associate which comprise theConsolidated Balance Sheet as at September 30, 2019 and the Consolidated Statement of Profitand Loss (including Other Comprehensive Income) for the quarter and half year endedSeptember 30, 2019. ") attached herewith, being submitted by the Holding pursuant to therequirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015, as amended (the "Listing Regulations"). Attention is drawn to the fact that theconsolidated figures for the net cash inflows for the corresponding period from April 01, 2018 toSeptember 30, 2018, as reported in these unaudited consolidated financial results have beenapproved by the Parent's Board of Directors, but have not been subjected to review.
2. The preparation of the Statement in accordance with recognition and measurement principleslaid down in Indian Accounting Standard 34, Interim Financial Reporting (Ind AS 34) prescribedunder Section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (IndianAccounting Standards) Rules, 2015 is the responsibility of the Company's management and hasbeen approved by the Board of Directors of the Company. Our responsibility is to express aconclusion on the statement based on our review.
3. We conducted our review in accordance with the Standard on Review Engagements (SRE) 2410,Review of Interim Financial Information Performed by the Independent Auditor of the Entityissued by the Institute of the Chartered Accountants of India. This standard requires that weplan and perform the review to obtain moderate assurances as to whether the statement is free
of material misstatement. A review is limited primarily to inquiries of company personnel andanalytical procedures applied to financial data and thus provide less assurance than an audit.We have not performed an audit and accordingly, we do not express and audit opinion.
4. Based on our review conducted as above, nothing has come to our attention that causes us tobelieve that the accompanying Statement, prepared in accordance with the recognition andmeasurement principles laid down in the applicable Indian Accounting Standard ('Ind AS')specified under Section 133 of the Companies Act,2013, read with relevant rules issued thereunder and other recognized accounting practices and policies has not disclosed the informationrequired to be disclosed, including the manner in which it is to disclosed, or that it contains anymaterial misstatement.
5. The Statement includes interim financial results and other financial information of 1subsidiaries(Lykis Marketing Private Limited), whose interim financial results and otherfinancial information reflect total assets of Rs.103.67 Lakhs as at September 30, 2019, total netprofit after tax of Rs.(4.90) lakhs, for the quarter and half year ended September 30, 2019, andnet cash outflow of Rs.2.58Iakhs for the period from April 01,2019 to September 30, 2019 whichare certified by the Management. According to the information and explanations given to us bythe Management, these interim financial results and other financial information are not materialto the Group. Our conclusion on the Statement is not modified in respect of the above matter.
