TAPARIA TOOLS LTD.

[q)/¢"
REGD. OFFICE & WORKS : 52 & 52B, MIDC AREA, SATPUR, NASHIK - 422 007 4
TEL.: 0253-2350317 / 2350318 / 2350418 / 2350740 180-9001-201
E-mail : nashik@tapariatools.com Web site : http://www.tapariatools.com Reg. No. RQ 91/375
CIN L99999MH1965PLC013392.

TTL/SEC/BSE/2023-2024/
30™ May 2023

The General Manager

Department of Corporate Services
Bombay Stock Exchange Limited
P. J. Towers,Dalal Street,
Mumbai - 400 023

Scrip Code: 505685

Dear Sir,

Subject: Outcome of the Board Meeting held on 30™ May 2023

Pursuant to Regulation 30 and 43 read with Schedule III of SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015, this is to inform that the Board of
Directors of the Company at its Meeting held on 30™ May 2023, which was commenced
at 12.50 PM and concluded at 2.45 PM discussed and approved the following matters
along with other matters:

1. Approved the appointment of Shri D.P. Taparia (DIN: 00126892) as a Managing

Director of the Company for the term of five years w.e.f. 30-05-2023, subject to
the approval by the Shareholders in the ensuing Annual General.

2. Approved the appointment of Mrs. Swati Ravindra Bhairi (DIN:07745005) as an

Independent Director of the Company w.e.f. 30-05-2023 to the term upto the
conclusion of Annual General Meeting to be held in the calendar year 2025,
subject to the approval by the Shareholders in the ensuing Annual General
Meeting.

3. Approved and adopted “Audited Annual Financial Statements of the Company for
the Financial Year - 2022-2023"and Financial Statement for the quarter ended ns
March 2023 along with Independent Auditor's Report.

4, Considered, approved and adopted the Audited Annual Financial Statements of

the Company for the Financial Year - 2022-2023.
and
5. The Board of Directors of the Company has inter-alia considered
(775%) per Equity share of
recommended the Final Dividend @ Rs 77.50/-
ended 31 March
Rs.10/- each from the Distributable Profit for the Financial Year
in ensuing Annual General Meeting.
2023 , subject to approval of shareholders
the Report on Corporate
6. Approved the Board's Report and its Annexures and
the Management Discussion
Governance for the Financial Year 2022-2023 and
tion, etc. forming part of Annual Report for
and Analysis, Code of Conduct Declara
the Financial Year 2022-2023.

Nahar , Lower Parel Mumbai<4

(W). iatools 00 013. Tel.: (022) 24938646 - 50. 61578646
com
Corpor ate Office : A-2, 423-424 , Shah & oil. htapari a@tapar
 Accepted and noted “the Secretarial Audit Report dated 30™ May 2023 for the
Financial Year ended 31% March 2023 received from CS Sagar Khandelwal,
Secretarial Auditor of the Company and Management Reply on the observations of
Secretarial Audit Report.

Approved the Notice convening 57 Annual General Meeting scheduled to be held

on 3rd July 2023.

Recommended the issue of fully paid up Bonus Equity Shares to existing

Shareholders subject to approval by the Shareholders in the ratio of 4 fully paid up
equity shares to be issued for every 1 equity share of Rs. 10/- each held by the
shareholders.

10. Approved the re-appointment of S. M. Daga & Co., Chartered Accountants as

Internal Auditors and fixed the remuneration for Financial Year 2023-2024.

11. Fixed the remuneration to be paid to M/s. Harshil Shah & Company, Chartered
Accountants, (Reg. No. 141179W), Mumbai as Statutory Auditors of the Company
from the condusion of ensuing Annual General Meeting till the condusion of the
next Annual General Meeting.

12. Approved the re-appointment of CS Sagar Khandelwal, Practicing Company

Secretary as Secretarial Auditor of the Company for the Financial Year 2023-2024.

Kindly take the above on record and oblige.

Yours faithfully,
For Taparia Tools Limited
VINAYAK
Digitally signed by VINAYAK SHRIKRISHNA DATEY
DN: c=IN, postalCode=422009, st=MAHARASHTRA,
street=NASHIK, l=NASHIK, o=Personal,
serialNumber=d7a48a83b309e517cd61190a0f4022

SHRIKRISHN
f57812a799061955a9195de3a09d2a921f,
pseudonym=cd57be1342c3426592036363493eea7
b,
2.5.4.20=9814eb7125e4b0acbad7dbec5776aa6535

A DATEY
42149696b9b262f23957e7c38693a8,
email=SECRETARIAL@TAPARIATOOLS.COM,
cn=VINAYAK SHRIKRISHNA DATEY
Date: 2023.05.30 15:07:12 +05'30'
 TAPARIA TOOLS LTD.
Regd. Office : 52 & 528, MIDC Area, Satpur, Nashik - 422 007
CIN : L99999MH1965PLC013392
E-Mall : nashik@tapariatools.com Web site : http://www.tapariatools.com
THE QUARTER AND YEAR ENDED 31ST MARCH 2023
STATEMENT OF STANDALONE AUDITED FINANCIAL RESULTS FOR
(Rs. in Lakh)

Year ended
Quarter Ended
sr
3LMarch-23| 31-Dec-22 | 31-March-22 | 31-March-23 | 31-Mar ch-22
No. bli [audited]
[audited]
[audited] | [Un-audited] | [audited]
I |Income From Operations
19,487.89 19,331.76 18,314.01 76,448.58 66,761.77
(1) Revenue From Operations 438.98 188,08
193.08 138.60 55.86
(2) Other Income 18,369.87 76,887.54 66,949.85
Fost Income (1 +2) 19,680.97 19,470.36
II |EXPENSES
1,008.62 1,122.86 4,663.62 4,229.57
1,057.55
(a) |Cost of Material consumed
8,006.82 8,749.60 11,111.69 41,471.10 42,272.91
(b) |Purchase of Stock -in-trade
(c) [Changes in Inventories of finished goods, Stock-in-trade
3,470.77 2,451.03 (1,261.50) 1,686.66 (5,576.95)
and work-in-progress 2
898.15 889.27 3,683.90 3,152.54
976.85
(d) |Employee benefits expense
9.87 2.22 18.42 11.34
3.54
(e) |Finance Costs
41.93 164.08 176.29
36.34 56.53
(f) |Depreciation and amortisation expense
3,638.59 3,745.32 15,527.36 13,945.31
3,712.18
(g)|Other expenses 58,211.01
17,264.05 16,902.39 15,651.79 67,215.12
Total Expenses (ato g)
2,567.97 2,718.08 9,672.42 8,738.34
(I-11) 2,416.92
III |Profit before exceptional items and tax - =
- - =
Add/Less :Exceptional Items
2,567.97 2,718.08 9,672.42 8,738.84
2,416.92
Iv |Profit before tax
Less ‘Tax Expense
621.60 696.70 2,456.25 2,216.60
652.65
(1) |Current tax 13.21
(19.32) 16.93 26.12 4.76
(2) |Deferred tax charge/(credit) -
- - - (20.62)
(3) |Excess Tax Provision for earlier years written back 2,229.81
633.33 638.53 722.82 2,440.39
V [Total Tax 6,509.03
1,783.59 1,929.44 1,995.26 7,232.03
VI [Net Profit for the period after Tax (IV-v)
VII |Other Comprehensive Income 66.95
- 66.95 (31.17)
(31.17)
A |(i) tems that will not be re-classified to profit and loss
ied _ (16.85) 7.84 (16.85)
(if) Income tax relating to items that will not be reclassif 7.84
to profit and loss
- = -
- -
B |(i) tems that will be classified to profit and loss R " R
R ~
(if) Income tax relating to items that will be reclassified to
profit and loss (23.33) 50.10
(23.33) - 50.10
Other Comprehensive Income (A+B)
1,929.44 2,045.36 7,208.70 6,559.13
1,760.26
VIII | Total Comprehensive Income for the period (VI+VII) 303.58 303.58
303.58 303.58 303.58
per share)
IX |Paid-up equity share capital (Face value of Rs.10
Earnings per equity share in Rs. 83.00 8a.72 aaa ish
5.75
X (per share of Rs.10 each,Basic and Diluted)

held on May 30,

NOTES :
by the Audit Committee and approved by the Board of Directors al their respective meetings
1) |The above Financial Results have been recommended
2023.
segment, hence segment reporting is not applicable as per Ind AS-108.
2) |The Company is exclusively in the Handtools business has been completed
Obligatio ns and Disclosures Requirements) Regulations, 2015, the audit by the statutory auditor
|As required under Regulation 33 of SEBI (Listing which need
3)
forwarded to BSE Ltd. The Report does not have any impact on the above Results and Notes
for the year ended March 31, 2023 and the Report Is
explanation.
)per Equity Share having face vale of Rs. 10/~
has recommended Final Dividend of Rs 77.50/- (775 %
3) |The Board of Directors at its meeting held on 30th May 2023 Members for the Final Dividend |s 15th July 2023 and such Dividend will be paid on or
ng entitlement of the
each. The record date fixed for the purpose of determini
before 3 rd August, 2023 to those Members entitled thereto. year and the
the audited figures In respect of the full financial
and March 31, 2022 are the balancing figures between
5) |The figures for the quarter ended March 31, 2023 year.
published year to date figures upto the end of the third quarter of the relevant financial
period's classification.
6) |Previous periods’ figures have been regrouped wherever necessary lo ‘conform 10 this

By Order of the Board,

wr ei
Sivaramakrishnan
.
( Director -Operations)
Date: 30th May 2023
(DIN: 06436717)
Place: Nashik
 OOLS LIMITED

STATEMENTOF ASSTTS AND LIABILITYES as at 31st March, 2023

(Zin Lakhs )

PARTICULARS 1
As x March, 31 Asat March, 31
|REESE A 2022 (%)
023%)
ASSETS
Non-Current Assets
(a) Property, Plant and [quipment
(b) Capital work-in-progress 1,376.57 1,329.27
(€) Right of Use Assets (Premises) 561.85 538.07
57.94 33.58
(d) Intangible assets
6.33 9.54
(8) Financial assets
Other financial assets
98.15 94.20
(Deferred Tax Asset (Net)
(8) Income Tax Asset (Net) 5.32
(h) Other non-current assets 5 oh
10 253.06
Total Non-Current Assets L 2,304.14 2,263.04
Current Assets
(8) Inventories
15,947.22 17,550.22
(b) Financial assets
() Investments
(1) Trade receivables Fre reel
(I) Cash and cash equivalents "659.05 gr
7 . i
(Iv) Other financial assets i
(€) Income Tax Asset (Net)
(d) Other current assets 1,016.92 1,477.22

Total Current Assets 32,605.40 29,430.20

TOTAL ASSETS 34,909.54 31,693.24

EQUITY AND LIABILITIES

Equity
303.58 303.58
(a) Equity share capital
26,735.06 23,472.88
(b) Other Equity
27,038.64 23,776.46
Total Equity

Liabilities
Non-Current Liabilities
(a) Financial Uabilities 3.45
32.83
(1) Lease Labllities 318.20
276.92
(b) Provisions 42.02
38.94
(c) Deferred tax liabllities (Net)
(d) Other non-current liabllities
348.69 363.67
Total Non-Current Liabilities

Current Liabilities
(a) Financial liabilities
(I) Borrowings 4,984.94 5,582.67
(1) Trade and other payables 24.74 32.64
(I) Lease Liabilities 519.27 242.89
(iv) Other financial liabilities 81.60
132.53
(b) Provisions 33.50 8.97
(c) Current tax liabilities (Net) 1,827.23 1,604.34
(d) Other current liabilities
7522.11 7,553.11
Total Current Liabilities
7,870.90 Ls
Total Liabilities
34,909.54 31,693.24
Total Equity and Liabilities

By order of the Board of TAPARIA TOOLS LIMITED

S LTU.
FOR TAPARIA TOOL
Lo EY
we

SIGNATORY
DIRECTOR / AUTHORISED
 TAPARATOOLSLTD, PY —m m mmumm_mo0m0 -—
CASH FLOW STATEMENT for the year ended 31st March 2023
(¥ in akf)
For the year| For the year
ended March| ended March
31, 2023 31, 2022
A Cash Flow from Operating activities
1 Net Profit Before Tax 9,672.43 8,738.82
Adjusted for : ,
Depreciation of assets
128.73 115.31
Amortisation of Right to Use of Assets
35.33 60.98
(Profit)/Loss on Sale of Fixed Assets
(0.72) -
Interest Income
(57.69) (2.19)
Net foreign exchange gains/(losses)
(5.35) 1.08
Short term capital gain (196.50) (129.06)
Gain in fair value of investment
(73.05) (8.48)
Sundry Credit Balance Written Off
(1.96) (1.02)
Bad Debts written off
0.53 0.98
Excess Provision of Income Tax
(20.62) -
Finance Cost
18.42 11.34
Adjusted for : Total (172.88) 48.94
3 Operating cashflows before Working Capital Changes (1+2) 9,499.55 8,787.76
4 Changes in Working Capital :
Decrease/(Increase) in Inventories 1,602.99 (5,836.83)
Decrease/(Increase) in Trade Receivables (487.29) (1,010.89)
Decrease/(Increase) in Other Financial Assets (Non current) 394.73 227.71
Decrease/(Increase) in Other Assets (14.08) 157.08
(Decrease)/Increase in Trade Payable (595.59) 3,247.10
(Decrease)/Increase in Other Current Liabilities 61.98 35.70
(Decrease)/Increase in Other Liabilities & Provisions 464.26 95.27
Changes in Working Capital 1,427.00 (3,084.86)
5 Cash Generated from Operations (3+4) 10,926.55 5,702.90
6 Less: Taxes (2,456.25) (2,291.28)
Less: Taxes paid for earlier 5 ,
7 Net Cash flow generated from operating Activities (5-6) 8,470.30 3,411.62
B Cash flow from Investing Activities
Purchase of fixed assets (176.42) (241.29)
Sales of Fixed Assets 0.72 4.41
Interest Received 57.41 13.69
Sale/(Purchase) of investments (net) (4,333.93) (874.09)
Gain in favour value of Investment 73.058 8.48
Net Cash flow from investing activities (4379.17) -1,088.80
Cash Flow From Financing Activities -
Finance Cost (15.29) (2.90)
Payment of lease liabilities (41.37) (70.41)
Dividend paid (3.946.48) (3.642.90)
Net Cash flow (used in) financing activities (4,003.14) (73.31)
Net increase/(decrease) in cash and cash equivalents (A+B+C) 87.99 2,249.51
Add: Cash and cash equivalents at the beginning of the year 571.06 1,964.45
Cash and cash equivalents at the end of the year 659.05 4,213.96
Components of cash and cash equivalents
Cash on hand 6.01 7.04
With banks
on current accounts 653.04 564.02
Total cash and cash equivalents 659.05 571.06

By Order of the Board of TAPARIA TOOLS LIMITED

. a » ~ r
FOR TAPARIA TOOLS LT L

&

DIRECTOR | AUTHORISED SIGNATORY

 HARSHIL SHAH & COMPANY
Chartered Accountants
Phone :- 022 401 39 401
www.caharshilshah.com, E Mail :- info@caharshilshah.com

Independent Auditors' Report

To the Board of Directors of Taparia Tools Limited
Report on the audit of the Annual financial results

Opinion -

We have audited the accompanying statement of financial results of Taparia Tools Limited (hereinafter
referred to as the "Company") for the quarter and year ended March 31, 2023 (“the Statement’) attached
herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the S1.B3I
(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. the
aforesaid financial results:

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

b. give a true and fair view in conformity with the recognition and measurement principles laid
down in the applicable Indian Accounting Standards, and other accounting principles generally
accepted in India, of the net profit and other comprehensive income and other financial
information for the quarter and year ended March 31, 2023.

Basis for Opinion

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 dnder those SAs are further
described in the ‘Auditor's Responsibilities for the Audit of the 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 Act, 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
on the financial results.

Management's and Board of Directors’ Responsibilities for the financial results

The Statement has been prepared on the basis of the annual financial statements. The Company's
Management and the Board of Directors are responsible for the preparation and presentation of these
financial results that give a true and fair view of the net profit and other comprehensive income and
other financial information in accordance with the recognition and measurement principles laid down
in Indian Accounting Standards prescribed under Section 133 of the Act 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 the design. implementation and
maintenance of adequate internal financial controls, that were operating effectively for ensuring
accuracy and completeness of the accounting records, relevant to the preparation and presentation of

113, Dimple Aracade, Thakur Complex, Kandivali East, Mumbai 101.

Harshil Shah & Company, Continuation Sheet
Chartered Accountants
the financial results that give a true and fair view and are free from material misstatement. w hether due
to fraud or error.

In preparing the financial results, the Management and 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 cither
intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
-

The Board of Directors is responsible for overseeing the Company's financial reporting process

Auditor's Responsibilities for the Audit of the Standalone financial results

Our objectives are to obtain reasonable assurance about whether the 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 financial results.

As part of an audit in accordance with SAs. we exercise professional judgment and maintain
professional scepticism throughout the audit. We also:

= Identify and assess the risks of material misstatement of the 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. .
= Obtain an understanding of internal control relevant to the audit in order to design audit
procedures that are appropriate in the circumstances . Under Section 143(3)(i) of the Act. we
are also responsible for expressing our opinion through a separate report on the complete set ol’
financial statements on whether the company has adequate internal financial controls with
reference to financial statements in place and the operating effectiveness of such controls.
= Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures in the financial results made by the Management and Board
of Directors.
= Conclude on the appropriateness of the Management and 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
appropriateness of this assumption. 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 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.
= Evaluate the overall presentation, structure and content of the financial results. including the
disclosures, and whether the financial results represent the underlying transactions and events
in a manner that achieves fair presentation.
= Obtain sufficient appropriate audit evidence regarding the financial results of the Company 10
express an opinion on the financial results.
Harshil Shah & Company, Continuation Sheet
Chartered Accountants
o
Materiality is the magnitude of misstatements in the financial results that, individually or in aggregate.
makes it probable that the economic decisions of a reasonably knowledgeable user of the financial
results may be influenced. We consider quantitative materiality and qualitative factors in (i) planning

the scope of our audit work and in evaluating the results of our work: and (ii) to evaluate the effect of
any identified misstatements in the financial results.

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.

Other Matter

The statement include the results for the quarter ended March 31, 2023 being the balancing figure
between the audited figures in respect of the full financial year and the published unaudited year to date
figures up to the third quarter of the current financial year which were subject to limited review by us.
as required under the Listing regulations,

For Harshil Shah & Company 3

Chartered Accountants.

Wi
ICAI Firm iy No.141179W

Harshil Shah’ *
Partner

Place: Mumbai
Date: May 30, 2023