Pennar Industries : Outcome of Board Meeting

Dated: 25th May, 2022

Place: Hyderabad

BSE Limited	The National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers	Bandra Kurla Complex
Dalal Street, Fort, Mumbai-400 001	Bandra East, Mumbai - 400	051
Scrip Code: 513228	Scrip Symbol: PENIND

Dear Sir/Madam,

Sub : Outcome of Board Meeting - reg.

Ref: Regulations 30 and 33 of SEBI (Listing Regulations and Disclosure Requirements) Regulations, 2015

We wish to inform you that at the meeting of the Board of Directors of the company commenced at 10:00 a.m. and concluded at 9:00 p.m. on Wednesday the 25th day of May, 2022, the following business were transacted:

1. Approved audited Financial Results (Standalone and Consolidated) for the quarter and year ended
   31.03.2022 and noted Auditors' reports with unmodified opinion.
2. With reference to our letter dated 5th April, 2022. The Board of Directors taken on record the resignation of Ms. Bharati Jacob with effect from 5th April, 2022. The Board places on record its appreciation to Ms. Bharati Jacob for services rendered by her during her tenure as an Independent Director of the Company.
3. Appointment of M/s. Kandikonda & Associates, Cost Accountants as Cost Auditors of the Company for the Financial Year 2022-23.
4. Appointment of M/s. R Krishna & Associates, Chartered Accountants as Internal Auditors of the Company for the Financial Year 2022-23.
5. Approved Notice of Postal Ballot.
6. The Board has taken on record the statement of investor complaint under regulation 13(3) and compliance report on corporate governance under regulation 27(2) of Securities and Exchange Board
   of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the quarter ended 31st March, 2022.

The following are attached herewith for your information and record:

a. Certified copy of the audited financial results (standalone and consolidated) of the Company for the year ended 31st March, 2022.

b. Auditor's Report (standalone and consolidated) for the year ended 31st March, 2022 issued by M/s. Deloitte Haskins & Sells LLP, Statutory Auditors of the Company.

c. A declaration pursuant to Regulation 33(3)(d) of SEBI (LODR) Regulations, 2015 regarding unmodified opinion of the Statutory Auditors on the annual financial results for the year ended 31st March, 2022

d. Press release on the audited financial results (standalone and consolidated) of the Company for the year ended 31st March, 2022.

e. Investor Presentation

f. Disclosure of information pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI circular No. CIR/CFD/ CMD/4/2015 dated 9th September, 2015

g. Notice of Postal Ballot.

Kindly take the same on your records. The same will be made available on the Company's website viz., www.pennarindia.com.

for Pennar Industries Limited

Mirza Mohammed Ali Baig

Company Secretary & Compliance Officer

| 10 11 12

9

8

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3 4 5 6

	SL
2	1
	No!

Value [Face capital share equity up Paid equity Other | 5 € of Value [Face Share Per |Earnings annualised) not - periods quarterly the (for (in share per Earnings Diluted and Basic

controlling-Non	Shareholders
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to: Attributable	income|Totalcomprehensive interests-Noncontrolling theCompanyofShareholders
	(7+8)

subsequently reclassified be wil) that [tems translation in differences Exchange (a) items above to relating tax Income (b) income/(loss), comprehensive Other Total to: Attributable

(b)	(a)
relating tax Income	of Remeasurement
to	the
items above	defined net

reclassified be not will that Items	income|Othercomprehensive interest-NonControlling theCompanyofShareholders
subsequently

to:Attributable theforProfit|Net expensetaxTotal	tax Current (a) tax Deferred {b)
period
6)-(5

expense|Tax (3+4)taxbefore|Profit 9)note(Referitem|Exceptional itemexceptionalbefore/(loss)|Profit expensesTotal expensesOther{g}expenseandamertisation({)Depreciation costsFinance(ce) expensebenefits{d}Employee

goods-tradedof Purchase (6) finished of inventeries in Changes {e)

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|

Expenses income'Total incemeOther{b) from(2)Revenue |income

operations

Ak(Page

1 of 5)

4) note (Refer share] per 5 @ of share] per 2)

16.1		7,108
75.0		7,108
35.2		7,108
94.2	66,410	7,108
18.0	62,475	7,108
79.0		7,108
58.0		7,108
27.2		7,108
40.2	65,233	7,108
06.0	7,108 61,981

18 1,377 : 1,059

3,332 6

3,930 8

22730

1,000

824

3,250-

3,284-

103-

(277) -=1,395

1,059	}_-	(12))
3,338	-	(20)
3,938			(253)
257			(27)
1,000	=	(132)
824	- -
3,250	=	14
3,284	-	(132)
103		14

loss or profit to operations foreign of tax of net

(145) - (2771)
(12)	(12) =
(201	(34) -
(2531	(121) -
(27)	(41) :
132}	- =
-
	. =
14	= .
. (132)
= =
14

benefit

liability

-(176) 44

(4)	18
44		(176)
(4)		18
44		(176)
. z
(4)	18
44	(176)
(4)	18

to

profit

or

loss

1,0711,654 -19

4,1833,352 al6

1,132254 =30

893,4163,236824 --=:

1,672	501	490 11
1,071	342	{376)	718
3,358	1,109	392 717
4,191	400.1	(786)	2,186
81 284		(342)	423
1,132	362		351 11
285 824		(376)	661
3,236	1,077	360 717
3,416	149.1	(766)	1,935
18 89	(242)	360

and	goods,
2)-(1 tax	progress-in-work
	and
	trade-in-stock

2,173	2,173	67,813	15,304	1,525	2,093	5,909	2,584	5,209	35,1B9
a 1,413	1,413	52,325	1,336 11,511	1,945	5,480	(6,066)	6,171	31,948
1,996 467.4	2,471	54,107	1,179 706.13	1,810	3,341		(2,057)	1,167	34,961
= 591.5	5,591	690.22.2	S,413 435.48	7,838	20,845		(10,435)		20,832		1,29,762
365	1,996	(1,631)	1,56,032	4,817 37,19		7,967	13,638		(4,432)		3,669		92,754
1494	=	1,494	58,1746	1,302 205.14		3,802 2,055		1,580		456		34,776
1,109	=	1,109	44,804		1,239 10,702		1,907	3,725	{5,040}	5B1		31,690
4,313	1,996	2,317	53,536	1,171 005.14	1,807	3,191	(2,141),	1,167	34,336
= 565.4	4,565	1,96,775	5,034 961.45	7,508	15,048	(7,566)	2,352	1,28,438
£996 107	(1,889)	1,955,324	4,767 739.37	7,946	13,050	(2,775)	3,669	90,928

69,277 709 986.69

53,297 441 738.53
56,578	629	$5,679
281.2,28	1,706	2,26,575
1,54,401	1,52,535 866.1
59,670	58,922 748
45,913	45,432 481
853.55	54,986 867
340.2,01	1,99,475 1,865
1,53,435	1,51,654 781.1

Particulars

note|Refer -22Mar-31
3)
.Unaudited	21-Dec-31	EndedQuarter
2) note (Refer	21-Mar-31		results Consolidated
Audi	22-Mar-31	Year
Auttited	21-Mar-31		Ended
(Refernote3)	22-Mar-31
Unaudited	21-Dec-31		EndedQuarter
3) note (Refer	21-Mar-31			resuits Standalone
Audited	22-Mar-31	Year
Audited	21-Mar-31	Ended	Lakhs) (in

SI	Tel:
	+91	Regd
	40
	.
31,MarchendedYearandtheQuarterforResultscialFiStandaland.Clidatedof	.compennarindia.Website:www.com;mail:corporatecommunications@pennarindia-E40061621;	Office:
Floor
		No
		.
		3,
		DHFLVC	(CIN:
		Silicon	PENNAR
		.
		L2	LIMITED
		Towers,	7109TG1975PLC001919)
		Kondapur,		INDUSTRIES
		Hyderabad
		500084,
		Telangana,
		India
		.
2022

NOTES:

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enced
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and	for
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31,2021and

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up
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date
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respectively
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and
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ended
year
financial
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of
respect
in
figures
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figures
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are
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for	31,
figures	December
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at

TheconsolidatedfinancialresultsincludetheresultsofthefollowingGroupcompanies:

the

and

%Holding

100%

100%

100%

100%

10056

significantoperations

any

have

not

did

Nature of relationship

Subsidiary

Subsidiary

Subsidiary

Subsidiary

Step-downSubsidiary

Step-downSubsidia

profit of = 1 lakh. Oneworks

a

in

Country of Incorporation

India

Germany India

USA

USA

USA

and incorporated Ascent Buildings, LLC as its subsidiaries.

Private Limited for a consideration of % 62 lakhs Tesulting

Global Metals, LLC

BIM Technologies

Company

Company), has acquired Pennar

off its investment in Oneworks

6(b))

Septemberendedthequartera.)During30, 2020, Pennar Global Inc (Subsidiary of the

Septemberendedthequarterb.)During30, 2021, the Parent Company had disposed notmaterialareofOneworksresultsfinancialto the group.

EnertechPennarOneworks

PennarPennar

theforcorrespondingresultstheAccordinglyperiods are not comparable.

note

the

(Refer

of

Name

Limited

2021)

31,

Private

August

Systems

upto

2020)

(

Engineering

Limited

12,

Private

August

and

(w.ef

TechnologiesInc,Metals,

Defense

LLC

Pennar

GmbH

BIM

GlobalGlobal

	receivables and shal! continue to
and concluded that there is no significant impact of the same on the financial results for the quarter and year ended March 31, 2022. preparation of these financial results including the recoverability of carrying amounts of property, plant and equipment, inventories, Company' financial results may differ from that estifmatec cs at the date of approval of these financial results. The Group/Company
financial results	COVID 19 in the on the Group's /
In view of COVID 19 pandemic, the Management, based on available sources of information, has evaluated the	'The Group / Company has also considered the possible effects that may result from the pandemic relating to other assets and expects that the carrying amount of these assets will be recovered. The impact of COVID-19 closely monitor the developments.

The details of funds raised through Initial Public Offer (IPO) by the erstwhile entity PEBS during the financial year 2015-2016, and utilisation of said funds as at March 31, 2022 are as follows:

Laichs)		:	426	430
(in	upto
	amount	31, 2022
	UnutiHsed	March
		3,400		370
			5
					.
	Utilisation upto	March 31,2022
	prospectus	3,400 800 1,079	521 5.800
	per
	as
	issue
	the
	of
	Objects
			services
			engineering
			and
		by the Company	the expansion of design
	Particulars	facilities availed	and hardware) for
		full or part, of certain working capital	of infrastructure (including software
		4) Repayment/ prepayment, in	8) Financing the procurement £) General corporate purposes D) Share issue expenses Total

	ended
	quarter
	the
	during
	lakhs
	2,000
	of%
	consideration
	a
	for
	Hyderabad
	Mandal, Sangareddy District,	ended March 31, 2021.
	Ramachandrapuram	the quarter and yaar
	Bandalguda Village,	financial results for
	situated at	standalone
	land and
been temporarily invested in in mutual funds and other bank balances.	meeting held on August 12, 2020, the Company has sold a portion of its oft 1996 lakhs has been disclosed as exceptional item in the consolidated
2022, unutilised funds have	approval of the board at its Upon Sale, resultant profit
As on March 31,	Pursuant to the March 31, 2021.

into
come
will
Code
the
which
on
date
the
However,
India.
of
Gazette
the
in
published
been
has
Code
2020. The effective.
September	becomes
assent in	the Code
Presidential	in the period
benefits received	any related impact
post-employment	and will record
and effect
employment	comes into
during	when it
benefits	the Code
employee	impact of
to the
relating	assess
2020 ('Code')	The Group will
Security,	notified.
Social	been
on not
The Code effect has
10,

of
borrowings
term
long
of
maturities
current
amendments,
such
Pursuantto
01, 2021.	liabilities,
from April	financial
	current
	under
ial periods	'Borrowings'
	to
fi
Act 2013, applicable for	'Other financial liabilities'
	from
of the Comp	reclassified
III	been
ded Schedule	respectively have
(MCA) through notification	standalone financial results
Corporate Affairs	consolidated and
of in
Ministry	31, 2021
2021, the	at March
On March 24,	5,220 lakhs as
11.

(Page 4 of 5)