Urja Global Ltd. · Vehicles, VOIP, E Education, E Health and E Training etc. 11, Noted the...

Urja Global Ltd. (AN ISO 9001 Co.)

CIN No. L67120DL1992PLC048983

June 27, 2020

To, To,

The Manager Listing, The Manager Listing, BSE Limited National Stock Exchange of India Limited Phirozeleejeebhoy Towers, Exchange Plaza,

Dalal Street, Plot no. C/1, G Block, Fort, Bandra-Kurla Complex Mumbai — 400 023 Bandra (E), Mumbai - 400 051

Ref : NSE Symbol - URJA BSE Scrip Code - 526987

Sub: Outcome of Board Meeting held on June 27, 2020 Dear Sirs,

Pursuant to Regulation 30 and 33 of SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company at its meeting held on Saturday the 27" Day of June, 2020 i.e. today, commenced at 03:00 P.M. and concluded at 6:00 P.M. has inter -alia considered and approved the following businesses —

1. Approved the audited Standalone & Consolidated Financial Statements for the Quarter and Financial year ended on March 31, 2020 along with Auditors Report.

2. Approved the audited Financial Statements of Subsidiary Companies for the Financial year ended on March 31, 2020.

3. Appointment of M/s NVA &Co. as Internal Auditor of the Company for the financial year 2020-2021.

4. Appointment of M/s Nupur Jain & Associates as Secretarial Auditor of the Company for the financial year 2020-2021.

5. Approved the proposal for issue of equity shares upto 25 Crores to existing shareholders on its basis/ Preferential Allotment or QIP’s (Qualified Institutional Placement) as may be permitted under applicable laws, subject to such regulatory/statutory approvals, as may be required. These funds will be used for manufacturing of Electric Vehicles, Working Capital and other Corporate purposes.

6. Approved the MOU with Ogata Motors India Private Limited, Plot No. 97, Sector -8, IMT Manesar, Gurgaon, Haryana - 122051 for manufacturing of E — Scooter, E — Auto’s & E— Cars considering the synergy of business of Batteries & Solar,

© [email protected] Regd. off: 487/63, Ist Floor. National Market, 41-25279143, 45588275 aww Uegiobel in Peeragarhi, New Dethi-110087 ') Fax : 11-25279143

URJA Sun for Life

Urja Global Ltd.

(AN ISO 9001 Co.) CIN No. 6712001 1992PLC048983

7. Noted the patent of Electric Cars with the names “E DREAM” and “E PRIDE”,

8. Appointment of Mr. Dheeraj Kumar Shishodia as Managing Director for 5 years w.e.f. June 27, 2020.

9. Considered the Appointment of M/S Pantomath Capital Advisors Private Limited as Merchant Banker & other Agencies for the purpose of issuance of Equity shares to existing shareholders on Rights basis.

10. Approved the proposal of wholly owned subsidiary either as Uria Digital World Limited or Urja Digital Platform Limited for carrying out the online business of E—Urja, Urja Kandra, E Vehicles, VOIP, E Education, E Health and E Training etc.

11, Noted the criminal complaints filed against accused persons in the case of Nippon Shinyaku Co. Ltd.

Further pursuant to Regulation 33 of SEBI (LODR) Regulations, 2015 we enclose the following :-

(a) Statement of Audited Financial Results alongwith Auditors’ Report (b) Declaration.

The same is for your information and record.

Thanking You,

Yours faithfully,

AS85384

i [email protected] . off: 487/63, Ist Floor, National Market, 41-25279143, 45588275 @ in ;

Secobeune a New Delhi-110087 © Fax: 11-25279143 www.urjaglobal.in

ASHM & ASSOCIATES Chartered Accountants

rr in: Disclosure Requirements) Regulations, 2015

To

The Board of Directors of

Urja Global Limited

Opinion

1. We have audited the accompanying standalone quarterly financial results of “Urja Global Ltd.” (“the Company”) for the quarter and the year to date results for the period 1% April, 2019 to 31st March, 2020 attached herewith, being submitted by the company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (‘Listing Regulations”).

2. In our opinion and to the best of our information and according to the explanations given to us these standalone financial results:

i, are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and

ii, give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards and other accounting principles generally accepted in India of the net profit/loss and other comprehensive income and other financial information for the quarter ended 31st March, 2020 and the year to date results for the period 15t April, 2019 to 31st March, 2020.

Address- Head Office: E-24, Basement, Lajpat Nagar- Ill, New Delhi-110024, Ph: 011-29832120, Branch Office: 207 Best Plaza, H-8, Netaji Subhash Place, Pitampura, Delhi-110034, Mob .No 09810270448 Website: www.ashm.in, Email: [email protected]

Basis for Opini

We Conducted our audit in accordance with the Standards on Auditing (SAs) specified

under section 143(10) of the Companies Act, 2013 (the Act). Our responsibilities under

those Standards are further described in the Auditor’s Responsibilities for the Audit of the

Standalone Financial Results section of our report. We are independent of the Company in

accordance with the Code of Ethics issued by the Institute of Chartered Accountants of

India together with the ethical requirements that are relevant to our audit of the financial

results under the provisions of the Companies Act, 2013 and the Rules thereunder, and we

have fulfilled our other ethical responsibilities in accordance with these requirements and

the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and

appropriate to provide a basis for our opinion.

M SR ibilities for the Standalone Fi LResul

These quarterly financial results as well as the year to date standalone financial results

have been prepared on the basis of the interim financial statements. The Company's Board

of Directors are responsible for the preparation of these financial results that give a true

and fair view of the net profit/loss and other comprehensive income and other financial

information in accordance with the recognition and measurement principles laid down in

Indian Accounting Standard 34, ‘Interim Financial Reporting’ prescribed under Section 133

of the Act read with relevant rules issued thereunder and other accounting principles

generally accepted in India and in compliance with Regulation 33 of the Listing

Regulations. This responsibility also includes maintenance of adequate accounting records

in accordance with the provisions of the Act for safeguarding of the assets of the Company

and for preventing and detecting frauds and other irregularities; selection and application

of appropriate accounting policies; making judgments and estimates that are reasonable

and prudent; and design, implementation and maintenance of adequate internal financial

controls that were operating effectively for ensuring the accuracy and completeness of the

accounting records, relevant to the preparation and presentation of the standalone

financial results that give a true and fair view and are free from material misstatement,

whether due to fraud or error.

In preparing the standalone financial results, the Board of Directors are responsible for

assessing the Company's ability to continue as a going concern, disclosing, as applicable,

matters related to going concern and using the going concern basis of accounting unless the

Board of Directors either intends to liquidate the Company or to cease operations, or has

no realistic alternative but to do so.

Address- Head Office: E-24, Basement, Lajpat Nagar- Ill, New Delhi-110024, Ph: 011-29832120,

Branch Office: 207 Best Plaza, H-8, Netaji Subhash Place, Pitampura, Delhi-110034, Mob .No 09810270448, Website: www.ashm.in, Email: [email protected]

The Board of Directors are also responsible for overseeing the Company's financial

reporting process.

auditor's R silty far the ANUP OE tie Sraraslone FinangtarRESEl

Our objectives are to obtain reasonable assurance about whether the standalone financial

results as a whole are free from material misstatement, whether due to fraud or error, and

to issue an auditor's report that includes our opinion. Reasonable assurance is a high level

of assurance, but is not a guarantee that an audit conducted in accordance with SAs will

always detect a material misstatement when it exists. Misstatements can arise from fraud

or error and are considered material if, individually or in the aggregate, they could

reasonably be expected to influence the economic decisions of users taken on the basis of

these standalone financial results.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain

professional skepticism throughout the audit. We also:

i. Identify and assess the risks of material misstatement of the standalone financial

results, whether due to fraud or error, design and perform audit procedures

responsive to those risks, and obtain audit evidence that is sufficient and

appropriate to provide a basis for our opinion. The risk of not detecting a material

misstatement resulting from fraud is higher than for one resulting from error, as

fraud may involve collusion, forgery, intentional omissions, misrepresentations, or

the override of internal control.

ii, Obtain an understanding of internal control relevant to the audit in order to design

audit procedures that are appropriate in the circumstances, but not for the

purpose of expressing an opinion on the effectiveness of the company’s internal

control.

iii, | Evaluate the appropriateness of accounting policies used and the reasonableness

of accounting estimates and related disclosures made by the Board of Directors.

iv. Conclude on the appropriateness of the Board of Directors’ use of the going

concern basis of accounting and, based on the audit evidence obtained, whether a

material uncertainty exists related to events or conditions that may cast significant

doubt on the Company's ability to continue as a going concern. If we conclude that

Address- Head Office: E-24, Basernent, Lajpat Nagar- II], New Delhi-110024, Ph: 011-29832120,

Branch Office: 207 Best Plaza, H-8, Netaji Subhash Place, Pitampura, Delhi-110034, Mob .No 09810270448

Website: www.ashm.in, Email: [email protected]

a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.

v. Evaluate the overall presentation, structure and content of the standalone financial results, including the disclosures, and whether the financial results represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

Pa M. No. 091107

UDIN: 20091107AAAAAD3765

Place: New Delhi

Date: 27.06.2020

Address- Head Office: E-24, Basement, Lajpat Nagar- Ill, New Delhi-110024, Ph: 011-29832120, Branch Office: 207 Best Plaza, H-8, Netaji Subhash Place, Pitampura, Delhi-110034, Mob .No 09810270448 Website: www.ashm.in, Email: [email protected]

®

.

Urja Global Ltd. URJA

(AN ISO 9001 Co.)

URJA GLOBAL LIMITED CIN No, L67120DL1992PLC048983

Regd, Office : 487/63, Ist Floor, National Market, Peeragarhi, New Delhi-110087. CIN-L67120DL1992PLC048983 “Audited Standalone Financial Results For The Quarter & Year Ended on March 31, 2020

(Rs. In Lakhs) Quarter ended Year ended

S.No. Particulars 31.03.2020 31,12.2019 31.03.2019 31.03.2020 31.03.2019 Audited Un-audited Audited ‘Audited ‘Audited

[1 _| Revenue from Operation 2,707.58 3,642.67 4428.65 14,455.89 12,997.88

{_1_| other income 80.55 25.21 36.94 180.44 216.79

TH_| Total Revenue (HII) 2,788.12 3,667.88 4,485.60 14,636.32 13,214.68

TV_| Expenses Cost of materials consumed Z : z z ;

Purchases of stock-in-trade 2672.62 3,233.41 4,389.42 14,857.17 12,939.65

‘Changes in inventories of finished goods, work-in-progress 0.06 353.31, (18.92) (598.90) (131.99

‘and stock-in-irade Employee benefits expenses 13,30 17.45 47.06 88.54 134.91

=| Finance Cost 1.06 0.08 0.08 1.28 0.40

1 | Depreciation and amortisation expense B 036 0.38 042 1.48 2.26

____ | Other expenses 15.46 13.94 30.81 62.28 83.33

‘Total Expenses 2,702.85 3,618.58 4448.87 14,411.86 13,028.56

| ¥ | Profie/(Loss before Exceptional and extraordinary items and fax ! (qHI-1V) 85.28 49.30 36.73 224.46 186.12

Vi_| Exceptional items a z . c 5

VIt_| Profit/(Loss) from Ordinary Activities before tax (V-V1) 85,28 49.30 36.73 224.46 186.12

VinT_| Extraordinary items = : : - :

IX _| Profit / (Loss) bebore tax (VI-VIM) 85,28 49.30 36.73 204.46 186.12

X_| Tax Expenses (2) Current tax : z : 6332 $4.50

(2) Deferred tax = : = 0.14 0.05

X_| Profit / (Loss) for the period from continuing operations (IX-X) 85.28 49.30 36.73 161.00 131.57

|_XII_ | Profit / (Loss) from discontinuing operations(before tax) : z < : -

[x | Tax expense of discontinuing operations Z = : = =

S_XIV_|Profit/ (Loss) from discontinuing operations (after tax) e 3 z Z ;

XV_[Net profit/ (Loss) for the year ended 35.28 49.30 36.73 161.00 131.57

XVI_|Share of profit/ (Joss) of association : : E z ;

XVII [Minority Interest : : 2 : B

Net profit/ (Loss) afler taxes, minority interest and share of profits/ XVit1 |(loss) of associates, 85.28 49.30 36.73 161.00 131.57

XIX [Other Comprehensive Income 5 5 7 2 ql

XX _ Total Comprehensive Income for the period (after tax) 85.28 49.30 36.73 161.00 131.57

XXI [Paid up equity share capital (face value of Rs V/-) 5072.06 5072.06 5072.06 5,072.06 5072.06

[Reserve excluding revaluation reserve as per balance sheet of Previous Xxx1t [accounting year E E = 7,565.34 7404.34

XXII [Earning per share (of Rs1. each) not annualised

(1) Baise 0.017} 0.010) 0.007 0.032] 0.026

(2) Diluted 0.017 0.010) 0.007 0.032] 0.026|

Notes : |} The above financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their meeting held on 27th June, 2020.

2. The Company operates in one segment only, the clause relating to segment wise reporting is not applicable to the Company.

‘The above Audited Financial Results have been prepared in accordance with the recognition and measurement principles of applicable Indian Accounting Standards (Ind

AS) notified under the Companies (Indian Accounting Standards) Rules, 2015 as amended as specified in section 133 of the Companies Act, 2013.

4 Previous period's figures have been regrouped / reclassified, wherever necessary to correspond with the current period's classification / disclosure.

> 123

5 EPS has been calculated in accordance with Ind AS 33 as notified by the Ministry of Corporate Affairs (MCA) in the Companies (Indian Accounting Standards) Rules,

“ 2015 as amended as specified in section 133 of the Companies Act, 2013.

"\,sThe Company has considered the possible effects that may result from the pandemic relating to COVID-19. The Company has performed sensitivity analysis on the

«assumptions used and based on current indicators of future evonomic conditions. In developing the assumptions relating to the possible future uncertainties in the global

coonomie conditions because of this pandemic, the Company, as at the date of approval ofthese financial results has used internal and external sources on the expected

{© future performance of the Company.

Place: New Date: 27th

Regd. off: 487/63, Ist Floor. National Market, Peeragarhi, New Delhi-110087 ' Fax: 11-25279143

© [email protected] www.urjaglobal.in

URJA ‘Sun for Life

Peeragarhi,

Uri a Global Ltd. (AN ISO 9001 Co.)

Uria Global Limited CIN No, L67120DL1992PLC048983 Standalone Statement of Assets and liabilities

(Rs. In Lakhs) Particulars | March 31, 2020 | March 31, 2019

I Audited ited

ASSETS

a Non-current assets [ (a) Property, Plant and Equipment | 4,642.09

4,643.05 ) Financial Assets

I (i) Investments

5,330.33 5,330.33

(ii) Loans

- 1.01

(iii) Other Financial Assets 0.30

0.30 (c_) Other Non Current Assets

I 5.10

5.19 d) Deferred Tax Assets

| 0.10

0.24 Current assets (a) Financial Assets

(i) Loans

2,416.97 2,438.36

(ii) Cash and cash equivalents 35.98

1.46 (iii) Other Bank Balances

5.67 5.35

(iv) Trade Receivables 29,829.80

18,454.78 (v) Inventories

753.05 154.15

(vi) Other Financial Assets -

- (b) Other Current Assets

82.21 19.47

(c) Current Tax Assets

- : Total Assets

43,101.60 31,053.67 EQUITY AND LIABILITIES Equity (a) (i) Equity Share Capital

5,072.06 5,072.06

(b) Other Equity 7,565.34 7,404.34

| Liabilities |

/Non-Current liabilities (a) Deferred Tax Liabilities

- i.

Current liabilities | (a) Financial Liabilities

(i) Loans

32:58 33.39

(ii) Trade Payables

29,568.54 18,001.88

(iii) Other Financial Liabilities 519.03

244.50 Other Current Liabilities

: E

(c) Current Tax Liabilities 344.05

297.50 Total Equity and Liabilities

43,101.60 , 31,053.67

: 487/63, Ist Floor. National Market, Posies New Delhi-110087 11-25279143, 45588275

' Fax: 11-25279143

on An 6) Se. [email protected]

www.urjaglobal.in

URJA Urja Global Ltd.

Urja Global Limited (AN ISO 9001 Co.)

Sun for Life Standalone Cash Flow Statement for the year ended 31st Se: S50 ADDL SRZPLEOFARES

(Rs. In Lakhs) Particulars March 31, 2020 March 31, 2019

A |CASH FLOW FROM OPERATING ACTVITIES Profit before tax

224.46 186.12 Adjustments for :

Interest Income & other Non-cash Income (180.44) (216.58) Interest Expenses 1.28 0.32 Depreciation and Amortization Expenses 1.48 2.26 Interest Income on National Saving Certificates - 0.02

Operating Profit before Working Capital Changes 46.79 (27.91) Adjustment for :- (Increase)/Decrease in Loans

22.39 (153.15) (Increase)/Decrease in Other Financial Assets - - (Increase)/Decrease in Other Bank Balances

(0.33)| 50.27 (Increase)/Decrease in Trade Receivables (11,375.03) (5,525.09) (Increase)/Decrease in Inventories (598.90) (131.99) (Increase)/Decrease in Other Assets (62.65) (18.89) Increase/(Decrease) in Loans

(0.81)| (0.61)| Increase/(Decrease) in Trade Payables 11,566.65 5,525.86 Increase/(Decrease) in Financial liabilities 274.52 105.98 Increase/(Decrease) in other current liabilities : (3.63). Increase/(Decrease) in Current tax liabilities 46.56 33.00

Cash Generated from Operations (80.79) (146.13) Direct Taxes Paid

63.32 54.50 NET CASH FROM OPERATING ACTIVITIES (A)

B_|CASH FLOW FROM INVESTING ACTVITIES Purchase of Fixed Assets/Investments Interest Income

NET CASH FROM INVESTING ACTIVITIES (B)

(0.52) 180.44

(144.11)| (200.63)|

Ga37) 216.58

179,92 181.21 SSS

C _|CASH FLOW FROM FINANCING ACTVITIES (C) Finance Cost : Interest Expense

(1.28)| (0.32)|

INET CASH FROM FINANCING ACTIVITIES (Cc) 1,28 (0.32.

Net Increase/(Decrease) in Cash and Cash Equivalents (A+B+C) 34.52 (19.74)

Opening Balance of Cash and Cash Equivalents 1.46 21.19 Closing Balance of Cash and Cash Equivalents 35.98 1.46 NET INCREASE/DECREASE IN CASH AND CASH EQUIVALENT 34,52 (19.74)

©

Regd. off: 487/63, Ist Floor. National Market,

New Delhi-110087 11-25279143, 45588275

© Fax: 11-25279143 © [email protected]

www.urjaglobal.in Peeragarhi,

ASHM & ASSOCIATES

Oo Chartered Accountants

INDEPENDENT AUDITOR’s REPORT

Auditor's Report on Consolidated Quarterly Financial Results and Year to Date

Obli 1Discl Requi ) Regulati 2015

To

The Board of Directors of

Urja Global Limited

Opinion

We have audited the accompanying Statement of Consolidated Financial Results of Urja

Global Ltd. (“Holding company”) and its subsidiaries (holding company and its

subsidiaries together referred to as “the Group”), for the quarter ended 31% March, 2020

and for the period from 1st April, 2019 to 31st March, 2020 (“the Statement”), being

submitted by the holding company pursuant to the requirement of Regulation 33 of the

SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

(‘Listing Regulations”).

In our opinion and to the best of our information and according to the explanations given to

us, and based on the consideration of the reports of the other auditors on separate financial

statements/ financial information of subsidiaries, associates and jointly controlled entities,

the Statement:

a. includes the results of the following entities:

1. Urja Batteries Ltd.”

2. Sahu Minerals & Properties Ltd.

b. is presented in accordance with the requirements of Regulation 33 of the Listing

Regulations, as amended; and

‘Address- Head Office: E-24, Basement, Lajpat Nagar- Ill, New Delhi-110024, Ph: 011-29832120,



c. gives a true and fair view, in conformity with the applicable accounting standards, and

other accounting principles generally accepted in India, of consolidated total

comprehensive income (comprising of net [profit/loss] and other comprehensive income/

loss) and other financial information of the Group for the quarter ended 31st March, 2019

and for the period from 1s April, 2019 to 31st December, 2019.

Basis for Opi

We conducted our audit in accordance with the Standards on Auditing (SAs) specified

under section 143(10) of the Companies Act, 2013 (the Act). Our responsibilities under

those Standards are further described in the Auditor's Responsibilities for the Audit of the

Consolidated Financial Results section of our report. We are independent of the Group, its

associates and jointly controlled entities in accordance with the Code of Ethics issued by

the Institute of Chartered Accountants of India together with the ethical requirements that

are relevant to our audit of the financial statements under the provisions of the Companies

Act, 2013 and the Rules thereunder, and we have fulfilled our other ethical responsibilities

in accordance with these requirements and the Code of Ethics. We believe that the audit

evidence obtained by us and other auditors in terms of their reports referred to in “Other

Matter” paragraph below, is sufficient and appropriate to provide a basis for our opinion.

nt’

These quarterly financial results as well as the year to date consolidated financial results

have been prepared on the basis of the interim financial statements.

The Holding Company's Board of Directors are responsible for the preparation and

presentation of these consolidated financial results that give a true and fair view of the net

profit/ loss and other comprehensive income and other financial information of the Group

including its associates and jointly controlled entities in accordance with the recognition

and measurement principles laid down in Indian Accounting Standard 34, ‘Interim

Financial Reporting’ prescribed under Section 133 of the Act read with relevant rules

issued thereunder and other accounting principles generally accepted in India and in

compliance with Regulation 33 of the Listing Regulations. The respective Board of

Directors of the companies included in the Group and of its associates and jointly

controlled entities are responsible for maintenance of adequate accounting records in

accordance with the provisions of the Act for safeguarding of the assets of the Group and its

associates and jointly controlled entities and for preventing and detecting frauds and other

irregularities; selection and application of appropriate accounting policies; making

judgments and estimates that are reasonable and prudent; and the design, implementation

Address- Head Office: E-24, Basement, Lajpat Nagar- III, New Delhi-110024, Ph: 011-29832120,



and maintenance of adéquate internal financial controls, that were operating effectively for

ensuring accuracy and completeness of the accounting records, relevant to the preparation

and presentation of the consolidated financial results that give a true and fair view and are

free from material misstatement, whether due to fraud or error, which have been used for

the purpose of preparation of the consolidated financial results by the Directors of the

Holding Company, as aforesaid.

In preparing the consolidated financial results, the respective Board of Directors of the

companies included in the Group and of its associates and jointly controlled entities are

responsible for assessing the ability of the Group and of its associatés and jointly controlled

entities to continue as a going concern, disclosing, as applicable, matters related to going

concern and using the going concern basis of accounting unless the respective Board of

Directors either intends to liquidate the Group or to cease operations, or has no realistic

alternative but to do so.

The respective Board of Directors of the companies included in the Group and of its

associates and jointly controlled entities are responsible for overseeing the financial

reporting process of the Group and of its associates and jointly controlled entities.

i ii ‘inanci

Our objectives are to obtain reasonable assurance about whether the consolidated financial

results as a whole are free from material misstatement, whether due to fraud or error, and

to issue an auditor's report that includes our opinion. Reasonable assurance is a high level

of assurance, but is not a guarantee that an audit conducted in accordance with SAs will

always detect a material misstatement when it exists. Misstatements can arise from fraud

or error and are considered material if, individually or in the aggregate, they could

reasonably be expected to influence the economic decisions of users taken on the basis of

these consolidated financial results.

As part of an audit in-accordance with SAs, we exercise professional judgment and maintain

professional skepticism throughout the audit. We also:

1. Identify and assess the risks of material misstatement of the consolidated financial

results, whether due to fraud or error, design and perform audit procedures responsive to

those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis

for our opinion. The risk of not detecting a material misstatement resulting from fraud is

higher than for one resulting from error, as fraud may involve collusion, forgery,

intentional omissions, misrepresentations, or the override of internal control.




2. Obtain an understanding of internal control relevant to the audit in order to design audit

procedures that are appropriate in the circumstances, but not for the purpose of expressing

an opinion on the effectiveness of the company’s internal control.

3. Evaluate the appropriateness of accounting policies used and the reasonableness of

accounting estimates and related disclosures made by the Board of Directors.

4. Conclude on the appropriateness of the Board of Directors’ use of the going concern basis

of accounting and, based on the audit evidence obtained, whether a material uncertainty

exists related to events or conditions that may cast significant doubt on the ability of the

Group and its associates and jointly controlled entities to continue as a going concern. If we

conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit

evidence obtained up to the date of our auditor's report. However, future events or

conditions may cause the Group and its associates and jointly controlled entities to cease to

continue as a going concern,

5. Evaluate the overall presentation, structure and content of the consolidated financial

results, including the disclosures, and whether the consolidated financial results represent

the underlying transactions and events in a manner that achieves fair presentation.

6. Obtain sufficient appropriate audit evidence regarding the financial results/financial

information of the entities within the Group and its associates and jointly controlled

entities to express an opinion on the consolidated Financial Results. We are responsible for

the direction, supervision and performance of the audit of financial information of such

entities included in the consolidated financial results of which we are the independent

auditors. For the other entities included in the consolidated Financial Results, which have

been audited by other auditors, such other auditors remain responsible for the direction,

supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion.

We communicate with those charged with governance of the Holding Company and such

other entities included in the consolidated financial results of which we are the

independent auditors regarding, among other matters, the planned scope and timing of the

audit and significant audit findings, including any significant deficiencies in internal control

that we identify during our audit.

We also provide those charged with governance with a statement that we have complied

with relevant ethical requirements regarding independence, and to communicate with




them all relationships and other matters that may reasonably be thought to bear on our

independence, and where applicable, related safeguards.

We also performed procedures in accordance with the circular issued by the SEBI under

Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable.

Other Matters

The consolidated Financial Results include the audited Financial Results of Two

subsidiaries, whose interim Financial Statements/Financial Results/ financial information

reflect Group’s share of total assets of Rs. 6453.62 Lakhs as at 31t March, 2020 , Group’s

share of total revenue of Rs. 309.73 Lakhs and Rs. 1900.26 Lakhs and Group’s share of total

net profit/(loss) after tax of Rs. (46.01) Lakhs and Rs. (48.94) Lakhs for the quarter ended

31st March, 2020 and for the period from 1s April, 2019 to 315t March, 2020

respectively, as considered in the consolidated Financial Results, which have been audited

by their respective independent auditors. The independent auditors’ reports on interim

financial statements/Financial Results/financial information of these entities have been

furnished to us and our opinion on the consolidated Financial Results, in so far as it relates

to the amounts and disclosures included in respect of these entities, is based solely on the

report of such auditors and the procedures performed by us are as stated in paragraph

above.

Our opinion on the consolidated Financial Results is not modified in respect of the above

matters with respect to our reliance on the work done and the reports of the other auditors

and the Financial Results/financial information certified by the Board of Directors.

For ASHM & Associates

Chartered Accountan

Reg No. 005790C 4

De nglstas Bajaj Sat Partner M. No. 091107

UDIN: 20091107AAAAAE4872

Place: New Delhi

Date: 27.06.2020





CIN No, L67120DL1992PLC048983

URJA ‘Sun for Life

URJA GLOBAL LIMITED Regd. Office : 487/63, Ist Floor, National Market, Peeragarhi, New Delhi-110087. CIN-L67120DL1992PLC048983

Audited Consolidated Financial Results For The Quarter & Year Ended on March 31,2020 (Rs.In Lakhs Quarter ended Year ended { S.No. Particulars - 31.03.2020 31.12.2019 31.03.2019 31.03.2020 31.03.2019 Ne

Audited Un-audited ‘Audited Audited Audited ae i__1 | Revenue from Operation 3,017.30 3,962.40 4,751.30 16,356.14 13,638.09 | Other Income 80.55 25.21 37.01 180.44 216.86 ‘tit | Total Revenue (FT) 3,097.85 3,987.61 4,808.31 16,536.58 13,854.95 1_1V_| Expenses

‘ Cost of materials consumed : - z = = { Purchases of stock-in-trade 2,951.04 3,572.35 4,613.77 16,304.45 13,509.90 5 Changes in inventories of finished goods, work-in-progress 295 290.42 (25.91) (350.86)| (148.09) t and stock-in-trade [ Employee benefits expenses 27.26 34.61 55.42 141.46 183.08 ‘ Finance Cost 27.10 17.60 17.59 79.39 67.66 Depreciation and amortisation expense 9.94 9.87 22.26 39.55 47.03 Other expenses 40.28 36.10 52.17 146,82 140.25 J Total Expenses 3,058.58 3,960.95 4,735.30 16,360.81 13,799.83 [© ¥ | Profit / (Loss) before Exceptional and extraordinary items and tax 3927 26.66 73.01 175.77 35.12 |(u-TV)

Exceptional Items = = E = Profit/(Loss) from Ordinary Activities before tax (V-VI) 3927 26.66 B01 175.7 35:12 Extraordinary items - = : - : Profit / (Loss) bebore tax (VI-VIM) 3927 26.66 73.01 175.77 55.12 | ‘Tax Expenses : (1) Current tax = : 5 63.32 34.71 (2) Deferred tax - = : 0.40 0.01 Profit / (Loss) for the period from continuing operations (IX=X) 3927 26.66 7301 112.06 0.40 { Profit / (Loss) from discontinuing operations(before tax) : : : : = | xu [Tax expense of discontinuing ‘operations = = 5 = 1 VXIW [Profit (Loss) from discontinuing operations (after tax) : ‘ 2 ~ XV_[Net profit (Loss) for the year ended 39.27 26.66 73.01 112.06 XVI_|Share of profit/ (loss) of association 5 é 5 g XV [Minority Interest

z 7 = (0.08)| (0.1) i /Net profit/ (Loss) after taxes, minority interest and share of profits” j_AUI [Closs) of associates 39.27 26.66 73.01 12.14 ost} 4_XIX_ Other Comprehensive Income * = s : me j{_Xx_ Total Comprehensive Income for the period (after tax) 39.27 26.66 73.01 112.14 051} j XXI_ [Paid up equity share capital (lace value of Rs 1) 3,072.06 5,072.06 5,072.06, 3,072.06 5,072.06 f Reserve excluding revaluation reserve as per balance sheet of Previous ° XX {accounting year 2 x : 11,342.46 11230.40 -XX111 [Eaming per share (of RSI, each) not annualised

(1) Baise

0.0077 0.0053 0.0144 0.0221 0.0001 = (2) Diluted 0.0077, 0.0053 0.0144 0.0221, 0.0001 } Y Notes :

1 The above financial results were reviewed arid recommended by the Audit Committee and approved by the Board of Directors at their meeting held on 27th June, 2020. *'2+ The Company operates in one segment only, the clause relating to segment wise reporting is not applicable to the Company. The above Audited Financial Results have been prepared in accordance wit the recognition and measurement principles of applicable Indian Accounting Standards (Ind AS) notified under the Companies (Indian Accounting Standards) Rules, 2015 as amended as specified in section 133 of the Companies Act, 2013 4 Previous period's figures have been regrouped / reclassified, wherever necessary to correspond with the current Period’ classification / disclosure.

EPS has been calculated in accordance with Ind AS 33 as notified by the Ministry of Corporate Affairs (MCA) in the Companies (Indian Accounting Standards) Rules, 2015 as amended as specified in section 133 of the Companies Act, 2013 }

Place: New Delhi nN YG

“Dheeraj

—!Direetor

Kumar Shishodia Te,

Date: 27th June, 2020 11-25279143, 45588275 @ [email protected] Regd. off: 487/63, Ist Floor, National Market, Nossictaa www urjaglobal. in

Peeragarhi, New Delhi-110087 ' Fa

Urja Global Limited Consolidated Statement of Assets and liabilities

(Rs. In Lakhs)

March 31, 2019

Particulars

March 31, 2020 ASSETS

Yon-current assets ‘a) Property, Plant and Equipment b) Goodwill c) Financial Assets

() Investments

(ii) Loans (iii) Other Financial Assets Other Non Current Assets

:) Deferred Tax Assets

‘urrent assets

i) Financial Assets

i) Loans

(ii) Cash and cash equivalents iii) Other Bank Balances

(iv) Trade Receivables (y) Inventories (vi) Other Financial Assets

Ed Other Current Assets

56. Current Tax Assets

4.

1 Assets

35,738.

UITY AND LIABILITIES

juity Share Capital

Equity

‘on Controlli

i

Interest

ilities

urrent liabilities

cial Liabilities

‘ial Liabilities

Loans

Trade Payables

Other Financial Liabilities Current Liabilities

it Tax Liabilities

209.25

30,650.64

607.72

27.88

344.05

562.04

18,284.43

257.22

14.01

297.50

juity and Liabilities 48,611.89 39,738.82

Urja Global Ltd.

URJA (AN ISO 9001 Co.) Sun for Life Urja Global Limited CIN No. e720 1992PL cossene

Consolidated Cash Flow Statement for the year ended 31st March, 2020

(Rs. In Lakhs)

Particulars March 31, 2020 March 31,2019

A |CASH FLOW FROM OPERATING ACTVITIES

Profit before tax 175.77 55.12

Adjustments for :

Interest Income & other Non-cash Income (180.44) 216.58 Interest Expenses 79.39 67,55 Depreciation and Amortization Expenses 39.55 47.03 Interest Income on National Saving Certificates - 0.02

Operating Profit before Working Capital Changes 114.27 (46.90) Adjustment for :- ! \(Increase)/Decrease in Loans 22.48 (153.04)| (Increase)/Decrease in Other Financial Assets : 21.90 (Increase)/Decrease in Other Bank Balances (0.33)| 50.27 (Increase)/Decrease in Trade Receivables (12,452.41)| (5,535.62)|

(Increase)/Decrease in Inventories (350.86) (148.09) (Increase)/Decrease in Other Assets (94.58) (25.70) Increase/(Decrease) in Loans (16.12). (11.59) Increase/(Decrease) in Trade Payables 12,366.21 5,649.45

Increase/(Decrease) in Financial liabilities 350.50 93.69 Increase/(Decrease) in other current liabilities 13.86 6.50 Increase/(Decrease) in Current tax liabilities 46.56 32.95

Cash Generated from Operations (0.41) (66.18)| Direct Taxes Paid 63.32 54.72

NET CASH FROM OPERATING ACTIVITIES (A) (63.73), (120.89)

'B_|CASH FLOW FROM INVESTING ACTVITIES

Purchase of Fixed Assets/Investments (9.77)| (39.09)

Interest Income 180.44 216.58

INET CASH FROM INVESTING ACTIVITIES (B) 170.67 177.49

C_|CASH FLOW FROM FINANCING ACTVITIES ( C )

Finance Cost : Interest Expense (79.39)| (67.55)|

INET CASH FROM FINANCING ACTIVITIES (C) (79.39)| (67.55)|

Net Increase/(Decrease) in Cash and Cash Equivalents (A+B+C) 27.55 (10.96)

Opening Balance of Cash and Cash Equivalents 11.04 22.00 Closing Balance of Cash and Cash Equivalents 38.59 11.04

NET INCREASE/DECREASE IN CASH AND CASH EQUIVALENT 27.55 (10.96)

Regd. off: 487/63, Ist Floor. National Market, 11-25279143, 45588275 ft [email protected] Peeragarhi, New Delhi-110087 ©) Fax : 11-25279143 www.urjaglobal.in

Regd. off: 487/63, Ist Floor. National Market, Peeragarhi,


CIN No. L67120DL1992PLC048983

June 27, 2020

To, To,

The Manager Listing, The Manager Listing, BSE Limited National Stock Exchange of India Limited PhirozeJeejeebhoy Towers, Exchange Plaza, Dalal Street, Plot no. C/1, G Block,

Fort, Bandra-Kurla Complex Mumbai - 400 023 Bandra (E), Mumbai - 400 051

Ref : NSE Symbol - URJA BSE Scrip Code - 526987

Sub: Declaration pursuant_to Regulation 33(3)(D) of SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015

Dear Sirs,

Pursuant to SEBI Circular No. CIR/CFD/CMD/56/2016 dated May 27, 2016, we hereby declare that the Statutory Auditors of the Company M/S ASHM & Associates Charted Accountants have issued an Audit Report with unmodified Opinion on Audited Financial Results of the Company (Standalone & Consolidated) for the quarter and year ended March 31, 2020.

The same is for your information and record.

Thanking You,

Yours faithfully,

Director

: 4 275 ©) [email protected] 11-25279143, 45588; Foedeeatin

New Delhi-110087 ' Fax: 11-25279143

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