LIBAS DESIGNS UMITED CIN NO. L18101MH2004PLC149489

Revised Consolidated Unaudited Statement of Profit & Loss Account For the Half Year Ended September 30, 2019 (Amount In Rs,)

3 Months Ended 6 months ended Year ended Particulars Notes

30/ 09/ 2019 30/ 06/ 2019 30/ 09/ 2018 30/ 09/ 2019 30/ 09/ 2018 31/ 03/ 2019

Unaudited Unaudited Unaudited Unaudited Unaudited Audited

I. Revenue from Operations 19 226,809,894 127,785,713 159,332,929 354,595,608 238,001,120 631,298,428 11 Other Income 20 5,068,680 171,878 650,000 5,240,558 650,000 2,176,030

Ill Total revenue (I + II) 231,878,574 127,957,591 159,982,929 359,836,166 238,651,120 633,474,458

IV Expenses Cost of materials consumed 21 180,561,823 94,740,981 110,947,956 275,302,805 171,595,388 475,759,829 Purchases of stock in trade - - - - -Changes In inventories of finished goods, work in progress and stock in trade

22 - - - - - -• Employee benefits expense 23 7,495,845 3,837,959 5,877,332 11,333,803 10,583,669 21,432,420 Finance costs 24 4,599,141 5,378,751 3,641,547 9,977,892 7,940,177 18,830,692 Depreciation and amortization expense 25 1,104,350 1,104,350 839,770 2,208,700 1,679,539 5,742,043 Other expenses 26 11,136,086 10,376,638 11,299,397 21,512,723 21,312,433 40,683,033

Total Expenses 204,897,244 115,438,679 132,606,002 320,335,923 213,111,206 562,448,017

V Profit:/(Loss) before exceptional and extraordlnarv items and tax (Ill-IV) 26,981,330 12,518,913 27,376,927 39,500,243 25,539,914 71,026,441

VI Exceptional Items - -Proflt/(Loss) before extraordinary items

VII and tax (V-VI) 26,981,330 12,518,913 27,376,927 39,500,243 25,539,914 71,026,441 VIII Extraordinary Items - -IX Profit before tax (Vll-Vlll) 26,981,330 12,518,913 27,376,927 39,500,243 25,539,914 71,026,441

X Tax expense: (1) Current tax - Provision for Taxation 2,496,082 425,378 7,118,001 2,921,460 7,105,204 13,750,000 (2) Less: Adjustment for Prior Year Taxation - - - -(3) Add: Balance B/F from last Year - - - -(4) Deferred tax - - - - - 197,640

2,496,082 425,378 7,118,001 2,921,460 7,105,204 13,947,640 XI Proflt/(Loss) for the period from conbnumg

operations (Vll-VTII) 24,485,248 12,093,534 20,258,926 36,578,783 18,434,710 57,078,801

XII Profit/(loss) from discontinuing operations - -)(JI! Tax expense of discontinuing operations - - - - - -XIV Profit/(loss) from discontinuing operations

(after tax) (XII-Xlll) - - - - - -xv Profrt/(Loss) for the period (XI + VIV) 24,485,248 12,093,534 20,258,926 36,578,783 18,434,710 57,078,801 XVI Earning per equity share:

(1) Basic 2.00 0.99 1.80 2.99 1.64 5.07 (2) Diluted 2.00 0.99 1.65 2.99 1.50 4.66

a. The aforesaid results were reviewed by the audit committee of the board and subsequently taken on record by the board of directors of the Company at their meeting held on 13th November 2019

b. The Company's business activity falls in single primery segment viz Trading of Fashion Lifestyle Products therefore disclosure requirement under AS 17 -Segment Reporting are not applicable.

c. There are no Investor complains received/pending as on 30/09/2019 d. Figures for the previous year are regrouped and reworked whereever necessary, in order to make them Comparable. e. The Company Is not maintaining relevent Information of creditors about micro and small enterprises and hence the creditors are clubbed with others.

f. The Statutory auditor of the Company have carried out Limited review on the above results as required under Regulation 33 of SEBI (Listing Obligation and Disclosure Requirement) Regulation 2015 and SEBI Circular dated July 5, 2016.

g. Revised on account of calculation mistake In Profit after tax and EPS calculations, all other figures were remain same.

For and on behalf of the Board of Directors of Llbas ns Lin lted

Date: 14/11/2019

1~ Place: Mumbai (S) ......, Mr Riyaz Ga 'I /> ()~ Whole Time D ctor

DIN: 02236203

-

•

LIBAS DESIGNS LIMITED CIN NO. L18101MH2004PLC149489

Revised Standalone Unaudited Statement of Profit & Loss Account For the Half Year Ended September 30, 2019

Particulars

I. Revenue from Operations II Other Income

111 Total revenue {I + II)

IV Expenses Cost of materials consumed Purchases of stock In trade Changes In Inventories of finished goods, work In progress and stock In trade

Employee benefits expense Finance costs Depredation and amortization expense Other expenses

Total Expenses

V Profit/(Loss) before exceptional and extraordinary Items and tax (III-IV)

VI Exceptional Items Profit/(Loss) before extraordinary items and

VII tax (V-VI) VIII Extraordinary Items IX Profit before tax (VII-VIII)

X Tax expense: (1) Current tax - Provision for Taxation (2) Less: Adjustment for Prior Year Taxation (3) Add: Balance B/ F from last Year ( 4) Deferred tax

XI Profit/(Loss) for the period from continuing operations (VII-VIII)

XII Proflt/(loss) from discontinuing operations XIII Tax expense of discontinuing operations XIV Proflt/(loss) from discontinuing operations

(aner tax) {XII-XIII) XV Proflt/(Loss) for the period (XI + VIV) XVI Earning per equity share:

(1) Basic (2) Diluted

Notes

19 20

21

22 23 24 25 26

30/ 09/ 2019

Unaudited

139,769,626 5,068,680

144,838,306

112,480,393

6,875,677 4,599,141 1,104,350

10,178,431

135,237,992

9,600,314

9,600,31 4

9,600,31 4

2,496,082

2,496,082

7,104,232

7,104,232

0.58 0.58

3 Months Ended

30/ 06/ 2019 30/ 09/ 2018

Unaudited

60,840,538 171 ,878

61 ,012,416

40,144,741

3,269,167

5,378,751

1,104,350 9,479,337

59,376,345

1,636,070

1,636,070

1,636,070

425,378

425,378

1,210,692

1,210,692

0.10 0.10

Unaudited

159,332,929 650,000

159,982,929

110,947,956

5,877,332 3,641,547

839,770 11,299,397

132,606,002

27,376,927

27,376,927

27,376,927

7,118,001

7,118,001

20,258,926

20,258,926

1.80 1.65

6 months ended

30/ 09/ 2019

Unaudited

200,610,164 5,240,558

205,850,722

152,625,133

10,144,844 9,977,892 2,208,700

19,657,768

194,614 ,337

11,236,385

11,236,385

11 ,236,385

2,921,460

2,921 ,460

8 ,31 4,925

8,314 ,925

0.68 0.68

30/ 09/ 2018

Unaudited

238,001 ,120 650,000

238,651 ,120

171,595,388

10,583,669 7,940,177 1,679,539

21 ,312,433

213,111 ,206

25,539,914

25,539,91 4

25,539,914

7,105,204

7,105,204

18,434,710

18,434,710

1.64 1.50

{Amount in Rs.) Year ended

31/ 03/2019

Audited

517,167,501 2,176,030

519,343,531

385,139,889

20,831 ,750 18,830,692 5,369,061

39,793,361

469,964,753

49,378,778

49,378,778

49,378,778

13,750,000

197,640 13,947,640

35,431 ,138

35,431,138

3.15 2.89

a. The aforesaid results were reviewed by the audit committee of the board and subsequently taken on record by the board of directors of the Company at their meeting held on 13th November 2019

b. The Company's business activity falls In single prlmery segment viz Trading of Fashion Lifestyle Products therefore disclosure requirement under AS 17 -Segment Reporting are not applicable.

c. There are no Investor complains received/pending as on 30/09/ 2019 d. Figures for the previous year are regrouped and reworked wherever necessary, In order to make them Comparable. e.

The Company Is not maintaining relevent Information of creditors about micro and small enterprises and hence the creditors are clubbed with others. f. The Statutory auditor of the Company have carried out "Limited review" on the above results as required under Regulation 33 of SEBI (Listing Obllgatlon

and Disclosure Requirement) Regulation 2015 and SEBI Circular dated July 5, 2016. g, Revised on account of calculation mistake In Profit aner tax and EPS calculation all other figures were remain same.

Date: 14/ 11/ 2019

Place: Mumbai

For and on behalf of the Board of Directors of

Designs Limited «.,, $~ & <:la(.. iyaz Ganj i j ~ MUMBAI ~ )

Whole Time Director o) ?;"'-/ DIN: 02236203 /) (>

*

LIBAS DESIGNS LIMITED CIN NO. l18101MH2004PLC149489

Unaudited Standalone and Consolidated Statement of Assets and liabilities as at 30

September 2019

STANDALONE CONSOLIDATED

Particulars Note As at As at As at As at 30-Se p-2019 31-Mar-2019 30-Sep-2019 31-Mar-2019

Una udited Audit e d Unaud ited Audited Equity and Liabilities Shareholders' funds Share capital 2 122,500,000 112,500,000 122,500,000 112,500,000 Reserves and surplus 3 206,324,563 151,088,178 256,892,386 172,735,840

328,824,563 263,588,178 379,392,386 285,235,840

Share application money pending . . allotment

• Non-current Llablllt les Long Term Borrowings 4 Deferred Tax Liabilities (Net) 4A 331,417 331,417 331,417 331,417 Other Long Term liabilities 5 14,262,000 17,217,000 14,262,000 17,217,000 Long Term Provisions SA . -

14,593,417 17,548,417 14,593,417 17,548,417 Current Liabilities Short term borrowings 6 159,201,078 160,007,611 159,201,078 160,007,611 Trade payables - -Belongs to MSME 7A 438,562 486,500 438,562 486,500 Others 78 36,326,350 26,272,644 38,784,137 29,696,572

Other current liabilities 8 23,464,078 28,070,855 23,900,599 28,532,691 Short term provisions 9 - - -

219,430,068 214,837,610 222,324,375 218,723,374 Total Equity & Liabilities 562,848,048 495,974,205 616,310,178 521,507,631 Assets Non-current assets Fixed assets - Tangible assets 10 21 ,337,201 22,087,124 21 ,337,201 22,087,124

- Intangible assets 10 -- Capital work-in-progress 10 -Non Current investments 11 9,124,116 9,124,116 6,500,376 7,235,216

Deferred Tax Assets (Net) 12 - - -Long term loans and advances 13 - 8,379,058 - 8,379,058

Other non current assets 14 110,187,582 25,455,877 110,187,582 25,455,877 140,648,899 65,046,175 138,025,158 63,157,275

Current Assets Current investments . -Inventories 15 216,482,590 229,214,698 224,055,095 242,453,886 Trade receivables 16 176,779,557 170,853,157 207,387,121 179,632,459 Cash & Bank Balances 17 22,225,311 17,761,513 32,429,499 21,276,449

Short term loans and advances 18 6,711,690 13,098,662 14,413,305 14,987,562 422,199,148 430,928,030 478,285,020 458,350,356

Total Assets 562,848,048 495,974,205 616,310,178 521,507,631

For and on behalf of the Board of Directo rs of Libas Designs Limited ~

M, R;ya, ~ 1'Qt?J ~ MU~ BAI ;, _

Date: 14/ 11/ 2019 o> ...., Place: Mumbai Whole nmJ Director /) 0~

* DIN: 02236203 -

LIBAS DESIGNS LIMITED

CIN NO. l18101MH2004PLC149489

Unaudited Standalone and Consolidated Cash Flow Statement as at 30 Sept ember 2019

Standalone Consolidated

Particulars Hatf Year ended Year Ended Half Year e nded Year Ended 30 September 2019 31 Marth 2019 30 September 2019 31 Marth 2019

A Cash flow from Operotlng activities Net profit before tu and extra ordlnuy hems 11,236,385 •9,378,m 39,500,243 71,026,440 Adjustments for

• Oeprac~tion 2,208.700 5,369,061 2,208,700 5,369,061 • Amortis,tion of AOC fee • Exchanee Dllforonco (Subsldlory) 656,303 (53,641) - Interest Received (1,019,973) (1,019,973) • Interest Paid 9 ,9n ,a92 18,830,692 9,977,892 18,830,692

12 186 592 23 179 781 12.842.895 23126140

Operotln& Profit before wo rldnc capital chine•• 23,422,976 72,S58,S58 52,343,137 94,152,579 Adjustments for - (lncrease)/Decruse In Trade and other receivables 460,572 (10,791,083) (26,445,565) (19,516,752)

• • (lncreasa)/Oecre1se In Inventories 12,732,108 1,330,952 18,398,791 (11,908, 235) · lncrnse/(Decreue) In Trade payable 10,005,768 (25,443,167) 9,039,627 (22,019,233)

· lncreue/(Decreue) in Other Current Liabilities 14 606 777) (44,234,106) (4,632,092) 143,772, 270) 18,591,671 179137,404 13 639,239 (97,216,490)

Cash 1entrattd from operations 42,014,647 (6,578,846) 48,703,898 (3,063,911) Direct taxt.s paid (2,500 000) (2 500,000 Net cash from operating activities 42 014,647 19.078.846) 48 703.898 (5563 911

B Cash flow from lnYlfSt1n1 actlvltl11 - lnterut Received 1,019,973 1,019,973 • Dividend Income • Investment In Fixed Deposit

- Dividend Paid - Investments - Purchue of fixed assets (Net of Sale of FA) (l,458,n6) (6,383,789) (l.458,n&) (6,383,789)

Net cash uud In lnvestlnr actlvltlu 11,458,7761 15,363,816 11, 458,776 15,363,816

C Cash flow from flnandn& actlvlUes • loans borrowed (Net of repayment) 741,956 741,956 • Loans & Advances (76,352,647) (76,352,647) • Proceed from Issue of Shares 10,000,000 10,000,000 • Loans Short term borrowed iNet of repayment) 38,692,886 38,692,886 • Security Premium 44,000,000 44,000,000

• Interest paid (9,977,892) (18,830,692) (9,977,892) (18,830, 692)

· Rep1yment of Lone/Short Term Loan (3,761,534) (3,761,533

Net cash used In financfna activities 136,092,073 20,604,150 136,092,072 20,604,1.50

Net lnuease / (Deause) In cash and cash equivalents 4,463,798 6,161,488 11,153,050 9,676,423

Ca.sh and cash equfvalents at the beglnnln& of the year 17,761,513 11,600026 21,276,449 11,600,026

Cash •nd cash equivalents at the closln1 of the period 22,225,311 17,761,513 32,429,499 21,276,449

Cash and Bank Bfltnc,:s A Cash and cash equfvalents

Cashon hand 11,252,524 11,248,879 21,456,712 14,763,815

Balance with banks In Current accounts 10,972,787 6,512,634 10,972,787 6,512,634

22,225,311 17,761,513 32 •29,499 21276449

B Other Bank Balance

Marcin Money Deposit (Maturity above 3 months) 22 225,311 17,761,513 32,429,499 21,276,449

Above Statement is based on Unaudited Financial data.

For ind on bfh11f or the Board or Oirtctors or

::~:,:~:i I

~

rf...<vs\GN.s QB ~ ~ UMBAI ! ) Whole Tim, Oirttt o;,.> o'» DIN: 02236203

* Place : Mumbai -Date: 14/llnOl 9

•

JAIN JAGAWAT KAMDAR & CO. Chartered Accountants

Limited Review Report on Quarterly & Half Yearly Unaudited Consolidated Financial Statements of Libas Designs Limited pursuant to the Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015

Review Report to The Board of Directors

Libas Designs Limited.

1. We have reviewed the accompanying statement of Unaudited Consolidated Financial Results of Li basDesigns Limited (the Company) for Quarter and the Half year ended September 30, 2019 (thestatement), being submitted by the company pursuant to the requirement of Regulation 33 ofSEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 as modified byCircular number CIR/CFD/FAC/62/2016 dated July 5, 2016.

2. This is the responsibility of the Company's Management and approved by the Board of Directors, hasbeen prepared in accordance with the recognition and measurement principles laid down in accountingstandards for interim financial reporting (AS-25), prescribed under Section 133 of the Companies Act,2013 read with relevant provisions issued there under and other accounting principles generallyaccepted in India. Our responsibility is to issue a report on these Consolidated Unaudited FinancialStatements based on our review.

3. We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, Reviewof Interim Financial Information performed by the independent Auditor of the entity , issued by theInstitute of Chartered Accountants of India. This standard requires that we plan and perform thereview to obtain reasonable assurance as to whether the Unaudited Consolidated Financial Results are£ree of material misstatement. A review is limited primarily to inquiries of company personnel andanalytical procedures applied to financial data and thus provides less assurance than an audit. We havenot performed an audit and accordingly, we do not express an audit opinion.

4. Based on our review conducted as above, nothing has come to our attention that causes us to believe· .that the accompanying statement of Unaudited Consolidated Financial Results is prepared in

.accordance with applicable accounting standards within the meaning of Section 133 of the CompaniesAct, 2013 read with rule 7 of the Companies (Accounting Standards) Rules, 2014 and other recognizedaccounting practices and policies has not disclosed the information required to be disclosed in terms ofRegulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 asmodified by Circular number CIR/CFD/FAC/62/2016 dated July 5, 2016, including the manner.in which it is to be disclosed, or that it contains any material misstatement.

Place Dated

Mumbai 13th November, 2019.

Chartered Accountants

Firm Regn No.: 122530W

�Q)__� CA. Chandrashekhar Jaga, (Partner)

Membership No.: 116078

UDIN: 19116078AAAAEJ5746

H.O.: Office No. 301 - 302, 3rd Floor, Poonam Pearl Building, Opp. New India Colony, Juhu Lane, Andheri (W), Mumbai - 400 058.

•

JAIN JAGAWAT KAMDAR & CO. Chartered Accountants

Limited Review Report on Quarterly & Half Yearly Unaudited Standalone Financial Statements of Libas Designs Limited pursuant to the Regulation 33 of the SEBI {Listing Obligations & Disclosure Requirements) Regulations, 2015

Review Report to The Board of Directors

Libas Designs Limited.

1. We have reviewed the accompanying statement of Unaudited Standalone Financial Results of LibasDesigns Limited (the Company) for Quarter and the Half year ended September 30, 2019 (thestatement), being submitted by the company pursuant to the requirement of Regulation 33 ofSEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 as modified byCircular number CIR/CFD/FAC/62/2016 dated July 5, 2016.

2. This is the responsibility of the Company's Management and approved by the Board of Directors, hasbeen prepared in accordance with the recognition and measurement principles laid down in accountingstandards for interim financial reporting (AS-25), prescribed under Section 133 of the Companies Act,2013 read with relevant provisions issued there under and other accounting principles generallyaccepted in India. Our responsibility is to issue a report on these Standalone Unaudited FinancialStatements based on our review.

3. We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, Reviewof Interim Financial Information performed by the independent Auditor of the entity , issued by theInstitute of Chartered Accountants of India. This standard requires that we plan and perform thereview to obtain reasonable assurance as to whether the Unaudited Standalone Financial Results arefree of material misstatement. A review is limited primarily to inquiries of company personnel andanalytical procedures applied to financial data and thus provides less assurance than an audit. We havenot performed an audit and accordingly, we do not express an audit opinion.

4. Based on our review conducted as above, nothing has come to our attention that causes us to believe·that the accompanying statement of Unaudited Standalone Financial Results is prepared in accordancewith applicable accounting standards within the meaning of Section 133 of the Companies Act, 2013read with rule 7 of the Companies (Accounting Standards) Rules, 2014 and other recognized acc0tmtingpractices and policies has not disclosed the information required to be disclosed in terms of Regulation33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as modified byCircular number CIR/CFD/FAC/62/2016 dated July 5, 2016, including the manner in which it isto be disclosed, or that it contains any material misstatement.

5. The Statements includes the Financial Result of following Subsidiaries;

LIBAS DESIGN LLC. (Ajman, U.A.E)

Place Dated

Mumbai 13th November, 2019.

H.0.: Office No. 301 - 302, 3rd Floor, Poonam Pearl Building, Opp. New India Colony, Juhu Lane, Andheri (W), Mumbai - 400 058.

For Jain Jagawat Kamdar & Co. Chartered Accountants Firm Regn o.: 122530W

~ (Partner) Membership o.: 116078 UDIN:19116078AAAAEJ5746