Parinee Crescenzo, “A” Wing, 1102, Lith Floor, “G" Block, Plot No. C38 & C39, VINATI RY Behind MCA, Bandra Kurla Comples. Bandra (E), Mumbai - 400 0S. loi, ORGANICS Phone: 91-22-6124 0444 / 6124 0428 Fox: 91-22-6124 0438, LIMITED E-mail: vinati@vinatiorganics.com ‘Website: www-vinatiorganics.com CIN : L24116MH1989PLC052224 Date: 13.06.2020 To, ‘The Stock Exchange, Mumbai National Stock Exchange of India Ltd. (Listing Department) Listing Department, P.J. Towers, 18 Floor, Exchange Plaza, Plot No. C/1,'G’ Block, Dalal Street, Mumbai - 400 001 Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051. Serip Code: 524200 NSE Symbol: VINATIORGA / Series: EQ Dear Sir/Madam, ‘Sub; Out Come of Board Meeting In terms of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Digectors of the Company has at its ‘meeting held today ie, June 13, 2020, inter alia, considered and approved the following: 1 The Audited Annual Financial Results / Statements of the Company for the quarter and year ended March 31, 2020, a copy of the same along with the Auditors Reports, with unmodified opinion, thereon are enclosed herewith 2. Recommended an equity dividend of Re.0.50 per share of face value of Re.1/- each (50%) for the financial year ended March 31, 2020, subject to the approval of the Shareholders, which will be paid to the eligible sharcholders of the Company registered in the Register of members of the Company as on the record date to be decided, within 30 days of declaration of the same at the ensuing Annual General Meeting, 3. Based on the recommendations of the Nomination and Remuneration Committee, the Board of Directors have approved the appointment of Mr. Jagdish Chandra Laddha (DIN 00118527) as an Additional and Non-Executive Independent Director for the period of 5 (five) years from the date of June 13, 2020, subject to the approval of shareholders at the ensuing Annual General Meeting of the Company: Brief profiles of Mr. Laddha is enclosed herewith as "Annexure A We further wish to inform that in terms of Circulars No. NSE/CML/2018/02 and LIST/COMP/14/2018-19 dated June 20, 2018 issued by National Stock Exchange of India Limited, and BSE Limited, respectively, the above appointee has not been debarred from holding the office of a Director by virtue of any order by SEBI or any other Appropriate Authority. Further, the newspaper publication of the aforesaid Financial Statements is being dispensed with, pursuant to the relaxation granted by SEBI vide its Circular No. SEBI/HO/CFD/CMD1/CIR/P/2020/79 dated May 12, 2020 regarding exemption from publication of advertisements in newspapers under Regulation 47 of the SEBI Listing Regulations, til june 30,2020. Request you to kindly take the above on record and acknowledge the receipt ‘The Board meeting commenced at 12.00 noon and ended at 01.45 p.m. ‘Thanking you, Yours faithfully, For Vinati Organics Limited Was Milind Wagh ‘Company Secretary/CSmpliance Officer Encl: As above Lote Works : Plot No, A-20, MIDC Industrial Area, Lote Parashuram 415 722 Tal, Khed, Dist. Rainoiri, Maharashtra Indi Phone : (02356) 273032 - 33 + Fax: 91-2356-272448 + E-mail: vinlote@vinatiorganics.com Regd. Office & Mahad Works : B-12 & B-13/1, MIDC Industrial Area, Mahad 402 309, Dist. Raigad, Maharashtra, India Phone : (02145) 232013/14 + Fax : 91-2145-232010 + E-mail: vinmhd@vinatioranics.comParinee Crescenzo, "A" Wing, 1102, 11th Floor, \ “G" Block, Plot No, C38 & C39, VINATI Behind MCA, Bandra Kurla Complex, ‘Bandra (E), Mumbai ~ 400 051, India. ORGANICS Phone : 91-22-6124 0444 /6124 0428 Fox: 91-22-6124 0438 UMITED E-mail: vinati@vinaiorganies com ‘Website: www. vinatorganics.com CIN: L241 16MEI989PL.C052224 VINATI ORGANICS LIMITED Regd. Offa: 424 B-19/1, MID ol Ate, Maha 402309, st. Ralga, Maharosir, Phone 91-22-61 24044, Fax -¥91-2261240498| ‘CIN LamistaHis89PL.Cus2224, Eel vnsiOvinasiergeicscom, Webslle- www woaingenksomn Statement of Financial Results for the Quarter and Year Ended March 31, 2020 TEhe Quarter ended Your ended leo Pontes (BIPAR] BAN | H/tayan1 | A7Oa/ROI | BATOR/ AN — | (517887 RTTB) ‘ited Unndied a Audited Audited (Reter Note) {Rafer Note 3) 1 [inconve from Operations Revenue frum operations 2458390 asaira7 | anams 10238739 1279236 2 other income 192173 rsto9 19575 4982 37.0 3 frotat income +2) 26158. 2539786 | an8621 10738631 5909.6 4 Jespenses Cast of materais Consumed 9871.98 roz26 1352523 28,149.68, S2as87 le Changes in inventories of Finishes goods work in 2529 sls 8.48) (zan| 48.09) kc Fimployce bencits expenses 1387.73 una 130205 6az770 520.08 f. Finance Costs 25.85 2518 208 109.22 tao J. Depreciation e704 o2a37 oa1.46 3316.05 27836 [nother expenditure 288225 00112 1042 29580 1252249 HrotatFxpensas 1530361 res0az8 | 1838776 sai905 B53 5. [Profit before Exceptional tems and Tax (3-4) 1079202 asia] 1230085, 92,467 25, 2548 6 |esceptiona items - - . 7 |Psott before Tax 107202 885.63 230045 42,467.25 2524.08 8 frctspense 2 3 fap cunt 3,065.69 temas 390238 1949329 13909 9 fo Deters ne 26237 22932 masa 2.40850) aria 9 Prot forthe period rom Continuing operations (7-8) 7482.96 8247 8.25265 3.38248, 2218. 10 fothercompresensive income (OCI) fay Te tems that wil tb elsif profit or ss. (60.98) 025 1302 woa3) 1.00 (0) Income tos reatig to tems that wil not be els at 006) 645} 1202 3s] 11 ial Compzehensive income foro yi 7am89 6582.66 9.25279 satto7 ra21989 12 |Paidaapesuity share capital (ce value of Re1/-) 127.32 a8 suzrs2 ere ana 13 Reserves 12691275, 0410006 14 [Bornings Per Shave foe Continuing Operations ff Re leach) Inasic 726 ox 808 sas a8 Ipitutea 726 650 am s2as a8 Notas [The abowe celts were review bythe Audit Committe and taken on recou by the Bord of Digetors at their mesting hel on 1th ne 2020 2. The Company is engaged in Manufacturing of Chemicals. This in the context of Ind AS 108 operating segment ae corset to constitute one single [rina sepment Phe figures for the Quarter ended 31st Marchy 2020 and 31st March2019 are the bolancing figures between the auited figures in sespoct of the fl financial year and the year-to-date figures upto the thie Quattro the Financial year, [This statement has been prepared in accordance with companies (Indian Accounting Staats ules 2015 (Ind AS)prescrbed 4/198 of the compan [act.2013 an other recognise accounting practice and policies to the extent applicable f. The outbreak of Coronavieus{COVID-19) pandemic globally and in India is cousin. significant disturbance and slowdown of economic setivity, Th] {Company has evaluated impact of this pandemic on its busines operations snd bated om is review and cutentindiators of future econemc conditions, inere sno signiican impact om is financial resus, Is. Previous period figures ore regrouped ,earianged, whereever necessary P.The Boor of Directors recommended final dividend of Re.0.50 for the Financia Yenr 2019-2020, The payment i subject to approval ofthe shareholdes i {he ensuing, Anal General Meeting Lote Works : Plot No. A-20, MIDC Industral Area, so Parssburam 415 722 tal. Khed, Dist Ratna Malaraat Phone : (02356) 273032 - 33 « Fax: 91-2356-272448 « E-mail: vinlote@vinatorganics a Regd. Office & Mahad Works : B-12 & B-13/1, MIDC Industrial Area, Mahad 402 309, Dist. Raigad, a Phone : (02145) 232013/i4 + Fax : 91-2145-232010 + E-mail vinmhd@vinatiowganics comParinee Crescenzo, “A” Wing, 1102, 11th Floor. “G" Block, Plot No. C38 & C39, Behind MCA, Bandra Kurla Complex, Bandra (E), Mumbai - 400051. India, Phone = 91-22-6124 0444 /6124 0428 Fax: 91-22.61260438 E-mail: vinati@vinatiorganics.com ‘Website: www.vinatiorganics.com CIN : L241 16MH1989PL.C052224 VINATI AY ORGANICS LIMITED [Standalone Statement of Assets and Liabilities ‘(vdliod) (Ke iw tne) JToTAL assers lrourry anp wiasnurrtes Jeswty (0) Byuty Share Capita (Ober Eguity frott equity hsasiurries ) Nom Curent Liabilities (a) Frat Libis Borrowings (Other inant Lnbles (t) Deferred Tax Listes et) (a) Financia Libis (0 Borrowings (ay Trae Paya: (A) Total outstonaing dues of mcr enterprises ant Smal enterprises nd (8) Total oustanding dues of creators ther than micro enterprises and Salentepcisee (i) ther Fnaesa Labi (0) Other Current Lisbies’ (6) Provisions (0) Coren Tax ibis (Ne) Touat Labtities [TOWAL EQUITY AND LIABILITIES Pastas TASATSL.05 2000 | As At31.082015 ASSETS i) Non-CurentAnsts (0) Proper Plan ana Equipment ras3.04 aso. (0) Capita Workin Progress 05707 wens (0) Other itangbe Ase 16605 0a (@) Franca Asa ( trvestment| (Ober snail acts ans 162 (Orr nor-utent aes 138595 270833 2) Current Arete (0) Inventories sarrar 2845 (0) Francia Asses (0 tovestnents are om7 i Trae Receivables, a7 ass {Cash and ash etetens 0222 | “405 (WjBank balances ther than Cash nd Cash Equivalents 440075 s7es0 (oy toans sas sat (i) Other nana 22506 1040 (©) Current Tox Assets (Net) i780 7878 (Other cusent sees 557896 ford 729738 T7978 ome soos 13591275, 10410005 azz 94057 05.1788 2520] 20755 ous 1826 asst eae sot suas soa 7516 11604 105380 W845, ‘35 13080 1.05122 65877 i765 | rst] a7 | Place: Mumbai [Date 13/06/2020 DIN: 00079184 For Vinati Organics Limited ‘Managing Director fe CEO Lote Works : Plot No, A-20, MIDC Industrial Area, Lote Parashuram 415 722 Tal. Khed, Dist. Ratnagiri, Mabarasbtra, India, Phone : (02356) 273032 - 33 + Fax: 91-2356-272448 + E-mail: vinlote@vinatiorganies.com Phone : (02145) 232013/14 » Fs id Works : B12 & B-13/1, MIDC Industrial Area, Mahad 402 309, Dist. Raigad, Maharashtra, India, £91-2145-232010 + E-mail: vinmhd@viatiorParince Crescenzo, "A" Wing, 1102, 11th Floot ““G" Block, Plot No. C38 & C39, Behind MCA, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051, lndia, Phone : 91-22-6124 0444 /6124 0428 Fox: 91-22-61240438 E-mail = vinati@vinatiorganics.com Website: www. vinatiorganics.com CIN : L24116MHI989PLC052224 vinati ORGANICS LIMITED VINATI ORGANICS LIMITED (CASH FLOW STATEMENT FOR THE YEAR ENDED 3ST MARCH, 2020 [Rupees in Lacs) ‘Yer ded Tia Marc, 2080 Year Ends st March 3019 Note The cash Bow statement propa under the Ind method Pooie Werks : Plot No, A-20, MIDC Indust Phone : (02356) 273032 - 33 + Fax: 91-2356-27244% + E-mail: vinlote@vinatiorganies.com Tasiclara Audie ‘Audie Rv CASH FLOW FROM OPERATING ACTINTTIES: [NET PROFIT SEFORE TAX 86726 aasaes Adjustment Depreciation isos 273836 Unrnlise foslgn exchange ls (an) (ori) 8879) ance Cot inhuding ae vale change in inane stems) 10822 a0 Interest lncome | esa 01058) Divider income 300) (469.9) [Not gains on evalu changes on nancial assets sie FVTPL (0238) ea) "Net gain on ste of investment cased as VIP (3.05 Remeasoemsents of Defined benefit plans (6013) 1.00 oss / (Gain on Sale / Disposal of Fine Asets 17) 1063.73 250) (OPERATING YROFIT/LOSS) BEFORE WORKING CAPITAL CHANGES “Ssm099 “auras “rade receivables S91 (6.48980) Other Noa Cuzen Financia asets 37) (0195) ter Non Curren Acets 132 ey) ‘Othor Curent Aste 250952 8310.38) Inventories (781) 016.08) Trade Payable sine (984.8) Prowsions 12000 sad Cer Non Cureen Finacial Labs - ter nom-curen ais 510 os (Otter Curent Financ Lies (2176) 5110 ‘other vere ints 32 sins Bae 1137566) (CASH GENERATED FROM OPERATIONS. S168 90 SEAS Diset Taxes pai ‘a0250.4) 124601.25 INET CASH FROM OPERATING ACTIVITIES am BOARS B, CASH FLOW FROM INVESTING ACTIVITIES Purchase of Fed Asse eros (65122) {Capt Wosk in Progress And Capita Advance V72kas (0605430) Proceeds rom sale of Fined Assets e934 974 Purchase of tnvestinents 960.8) (450659) Proceeds from sae of investment 2.18990 Loan nance) (2523) ron Deesits/ Balances with Banks (909705) 61 Imes Ineeme | 2st 17809) Dividend ince mao 9339) [NET CASH USED IN INVESTING ACTIVITIES, ay7iss) (ezm.2a) (C. CASHFLOW FROM FINANCING ACTIVITIES (Repayments) / Proceed ren Warking Capital Facts (Net) ema casi) Non Current Financil Latles Security Deposits (037) a1) Interest pi (00922) 6440) Dividend and Corporate Dividend Tax gn6206 arms INET CASH FROM FINANCING ACTIVITIES ases.a6) 4024.8) [NET INCREASEADECREASE) IN CASH AND CASH EQUIVALENTS. wanes (920208) ‘CASH AND CASH EQUIVALENTS AS AT SIST MARCH, 2019 anear saa7ss Cash and ash quvalene 405 48 ~ Highly igi Investments asa ssaT36 ‘CASIT AND CASH EQUIVALENTS AS AT 31ST MARCH, 2020 ss583 or Cash and eath Equvaents 90822 08 ~ Hight Liguid vestments asset aor fer “Ip Monaging Distr & CFO ‘4, en 435722 Tal. Khod, Dist ainagiri, Mahar Regd, Office & Mahad Works : B-12 & B-13/1, MIDC Industrial Area, Mahad 402 309, Dist. Raigad, Maharashtra, India. Phone : (02145) 232013/14 + Fax : 91-2145-232010 + E-mail: vinmhd@vinatiogganies-comM. M. NISSIM & CO.(Regd.) Barodawals Mansion CHARTERED ACCOUNTANTS Wing, 3° Floor, 81, Dr Annie Besant Road, ‘Work, nhambai 400 018, Tel: 2498 9900 Fax: 2496 909 Exmal: — muallmmnssim on Website: Ss min INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF FINANCIAL RESULTS. ‘The Board of Directors, VINATI ORGANICS LTD, 1 We have reviewed the accompanying Statement of unaudited standalone financial results (“the Statement”) of ‘Vinati Organics Ltd ("the Company”) for the quarter ended 31" March, 2020 (“the Statement”), attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended, ‘This Statement is the responsibility of the Company's Management and is approved by the Board of Directors. The statement, as it relates to the quarter ended 31st March, 2020, has been compiled from the related standalone financial statements prepared in accordance with Indian Accounting Standard 34 “Interim Financial Reporting” and are the derived figures between the audited figures in respect of the Full financial year and year-to-date figures up to the third quarter of the financial year, subjected to Limited Review and as it relates to the year ended 31st March, 2020 has been compiled from the related annual standalone financial statements prepared in accordance with the Indian Accounting Standards prescribed under Section 133 of the Companies Act, 2013 read with relevant Rules issued there under and other accounting principles generally accepted in India, Our responsibility is to express an opinion on these standalone financial results based on our audit of such standalone financial statements for the year ended 31st March, 2020 and our review of standalone financial results for the quarter ended 31st March, 2020. We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, Review of Interim Financiat Information Performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures, applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement prepared in accordance with applicable accounting standards, as notified under the Companies (Indian Accounting Standards) Rules, 2015 as specified in Section 133 of the Companies Act, 2013, read with relevant rules issued thereunder and other recognized accounting practices and policies has not 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 material misstatement. Emphasis of Matter We draw your attention to note 5 to the Statement of Standalone Unaudited Results for the quarter ended March 31, 2020, which describes the impact of the outbreak of Coronavirus (COVID-19) on the business ‘operations of the Company. In view of the highly uncertain economic environment, a definitive assessment of the impact on the subsequent periods is highly dependent upon circumstances as they evolve. (Our conclusion is not modified in respect of this matter, For MM Nissim & Co, Chartered Accountants (Reg, No. 107122) N. KASHINATH, Partner ‘Mem, No, 036490 Mumbai, 13th June, 2020 UDIN:- 200364904. AACE3928Parinee Crescenzo, “A" Wing, 1102, 11th Floor, “G" Block, Plot No. C38 & C39, Behind MCA, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051, tndia, Phone: 91-22-6124 0444 / 6124 0428 Fax: 91-22-6126 0438 VINATI ORGANICS LIMITED Sy E-mail: vinati@vinatiorganics com ‘Website: wwvw:vinatiorganics.com CIN : L24116MH1989PL.C0S2224 Annexure- A 1 | Reason for change ‘Appointment of Mr. Jagdish Chandra Laddha (DIN: 00118527) as an Additional and Non-Executive Independent Director. 2 | Date of appointment/ resignation & term of appointment Date of Appointment: June 13, 2020 ‘Term of appointment: For a period of 5 (five) years from June 13, 2020 to June 12, 2025 subject to approval of shareholders at the ensuing Annual General Meeting, 3 | Brief profile (in case of He is a fellow Chartered Accountants, having a rich appointment) experience of 44 years in Textiles. In last 42 years he | worked on different positions in RSWM. He was Executive Director on RSWM Board since 1990 and retired on 31% March 2015. He had been Director in other LNJ group companies like Bhilwara Spinners Ltd,, BPL and BMDL for many years. Currently he is on the board of Sudiva Spinners Private Limited, Lagnam Spintex Limited. And BSI. Limited 4 | Disclosure of relationship between directors and or Key Managerial Personal (in case of appointment of a director) | He is not related to any Director and or Key Managerial Personal of the Company 5 _| Affirmation that the Director being, appointed is not debarred from holding the office of director by virtue of any SEBI order or any other such authority We affirm that Mr. Jagdish Chandra Laddha is not debarred from holding the office of director by virtue of any order of SEBI or such other authority. Nomination & Remuneration Committee of the Board of Directors of the Company has also verified the same, Lote Works : Plot No. A-20, MIDC Industral Area. «owe Parashurum 415 722 tal, Khed, Dist. Ratnagin, Maharashtra, Enda Phone : (02356) 273032 - 33 + Fax: 91-2356-272448 + E-mail: vinlote@vinatiorganics.com Regd, Office & Mahad Works : B-!2 & B-13/1, MIDC Industrial Area, Mahad 402 309, Dist. Raigad, Maharashtra, India Phone : (02145) 232013/14 « Fax : 91-2145-232010 + E-mail: vinmhd@vinatiorganics.comParince Crescenzo, “A Wing. 1102, 11th Foor, "G" Block, Plot No. C38 & C39, VINATI Behind MCA, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051, india ORGANICS Phone: 91-22-6124 0444 /6124 0428 Fax: 91-22-6126 0438 LIMITED E-mail: vineti@vinatiorganics.com Website: www. vinatiorganics.com CIN : L241 16MH1989PLC0S2224 Date: 13.06.2020 To, ‘The Stock Exchange, Mumbai National Stock Exchange of India Ltd. (Listing Department) Listing Department, P. J. Towers, Ist Floor, Exchange Plaza, Plot No. C/1, 'G' Block, Dalal Street, Mumbai - 400 001. Bandra-Kurla Complex, Bandra (Fast), Mumbai - 400 051. Scrip Code: 524200 NSE Symbol: VINATIORGA / Series: EQ Dear Sir/Madam, Sub: Declaration Pursuant to _2nd_Provisions to Regulation 33(3)(d) and Regulation 52@)(a) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201: We, Vinati Organics Limited, a Company within the provisions of the Companies Act, 2013, do hereby state and declare that the Auditor's Report on the Financial Statements for the year ended March 31, 2020 is with an unmodified opinion. This is for your information and records Thanking you, Yours faithfully, For Vinati Organics Limited UO Brey _ Milind Wagh Company Secretary/Compliance Officer Lote Works : Plot No. A-20, MIDC Industnal Area, x. Parashuram 415 722 Lal, Khed, Dist, Ratnagiri, Maharashtra, India (02356) 273032 - 33 + Fax: 91-2356-272448 + E-mail: vinlote@vinatiorganics,com ‘Works : 0-12 & B-13/1, MIDC Industrial Area, Mahad 402 309, Dist, Raigad, Maharashtra, India (02145) 232013/14 + Fax : 91-2145-232010 + E-mail: vinmhd@vinatiorganies.com