m Mangal Steel Enterprises ltd.

Dear Sir,

Ref. :MSEL/SE/2019-20Date: 20/08/2019

ToThe SecretaryCalcutta Stock Exchange Limited7, Lyons RangeKolkata-700 001

Sub: Information/Intimations pursuant to SEBI {Listing Obligations andDisclosure Requirements) Regulations. 2015 regarding approval ofunaudited Consolidated financial results and Limited Review Report for theguarter ended on 30th June. 2019.

Ref:MangalSteel Enterprises Limited (Scrip Code:23097)

Pursuant to the Regulation 30(6), 33(2), 33(3), 47(1), 47(3) and other applicableregulations of Securities and Exchange Board of India (Listing Obligations and DisclosureRequirements) Regulations, 2015, we hereby inform you the following:

The Board of Directors of Mangal Steel Enterprises Limited, in its meeting held onWednesday, the 14th day of August, 2019 at the registered office of the Company at 248G.T. Road (N) Salkia, Howrah-711106 has, inter-alia, approved the unaudited Consolidatedfinancial results of the Company for the quarter ended on 30thJune,2019, a copy of which isenclosed herewith.

The Report on Limited Review of the financial -results for the quarter ended on 30thJune,2019 is also enclosed herewith.

The above said meeting of Board of Directors commenced at 2:00 p.m. and concluded at5:30 p.m.

You are requested to kindly take the above on record.

Thanking you.

Yours faithfully,

For MANGAl STEELENTERPRISESLIMITED

CorporaI,ldenllfkatlon Number: L27109WB1981PLC033969Regel.OffIce&WOIb: 248, G.l Road (N), Sob, Howrah· 711106, India

Phone: (91·33) 2655-8331 (3 Unes), Fax: (91·33) 2655-0468, E-mail: msel@steelmongal.com, Websit,: www.steelmangal.comWorks: 15/1, FRoad, Belgcxhla,Howrah• 711105

Admn. 0ffIc,: 1, OldCowt House Comer, (4th Floor), KoIkata· 700 001, Phon,: (91·33) 2230-5331

301, Victory House, 3rd Floor1, Ganesh Chandra Avenue, Kolkata - 700 013Phone: 2225-9430/31/32 • Fax: 2225 9431E-mail: subodhka@yahoo.com

IrA) Agrawal Subodh & Co.~ Chartered Accountants _

Independent Auditor's Review Report on Consolidated Unaudited Quarterly FinancialResults ofthe Company for the Quarter Ended 30th June 2019, Pursuant to the Regulation 33

of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Board of Directors ofMangal Steel Enterprises Limited

1. We have reviewed the accompanying Statement of Consolidated Unaudited Financial

Results of Mangal Steel Enterprises Limited (lithe Parent") and its share of profit of the

associate companies for the quarter ended 30th June, 2019 (lithe Statement"), beingsubmitted by the Company pursuant to the requirement of Regulation 33 of the SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.Attention is drawn to the fact that the consolidated figures for the correspondingquarter ended 30th June, 2018, as reported in these financial results have beenapproved by the Parent's Board of Directors, but have not been subjected to review.

2. This Statement, which is the responsibility of the Parent's Management and approved bythe Parent's Board of Directors, has been prepared in accordance with the recognition

and measurement principles laid down in Indian Accounting Standard 34 "InterimFinancial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act,

2013, and other accounting principles generally accepted in India. Our responsibility is toissue a report on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on ReviewEngagements (SRE) 2410 "Review of Interim Financial Information Performed by theIndependent Auditor of the Entity", issued by the Institute of Chartered Accountants of

India. A review of interim financial information consists of making inquiries, primarily ofpersons responsible for financial and accounting matters, and applying analytical andother review procedures. A review is substantially less in scope than an audit conductedin accordance with Standards on Auditing and consequently does not enable us to obtainassurance that we would become aware of all significant matters that might be

We also performed procedures in accordance with the circular issued by the SEBI underRegulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements)

Regulations, 2015, as amended, to the extent applicable.

4. The Statement includes the results of the following entities:a) Ansh Infra Projects Private Limitedb) Hindusthan Enterprises Limitedc) Mangal engineering Limitedd) Subham Holdings Private Limited

5. Based on our review conducted and procedures performed as stated in paragraph 3above and based on the consideration of the review reports of other auditors referred to

in paragraph 6 below, nothing has come to our attention that causes us to believe thatthe accompanying Statement, prepared in accordance with the recognition and

measurement principles laid down in the aforesaid Indian Accounting Standard and

other accounting principles generally accepted in India, has not disclosed theinformation required to be disclosed in terms of Regulation 33 of the SEBI (ListingObligations and Disclosure Requirements) Regulations, 2015, as amended, including themanner in which it is to be disclosed, or that it contains any material misstatement.

6. We did not review the interim financial results of four associates included in theconsolidated unaudited financial results; whose interim financial results includescompany's share of net profit after tax of Rs. 2.59 lakhs for the quarter ended 30th June,2019 as considered in the consolidated unaudited financial results. These interim financialresults have been reviewed by other auditors whose reports have been furnished to us by

the Management and our conclusion on the Statement, in so far as it relates to the

amounts and disclosures included in respect of these associates is based solely on thereports of the other auditors and the procedures performed by us as stated in paragraph 3above.

Our conclusion on the Statement is not modified in respect of the above matters.

Place: KolkataDate: 14th August, 2019.

For Agrawal Subodh & Co.

:..--­Mohammad RothawalaPartnerMembership No-309995UDIN- 19309995AAAAAB4980

t, -\MAN GAL STEEL ENTERPRISES LIMITED

Registered Office: 248, G.T.ROAD,NORTH,SALKIA,HOWRAH-711106,Phone: (033)2655-8331, Fax: (033)2655-0468CIN: L27109WB1981PLC033969

EMAIL:accounts@steelmangal.com, WEBSITE:www.steelmangal.com

Statement of Unaudited Consolidated Financial Results for the Quarter ended 30/06/2019rp;:;jiT-i" ( Rs. In Lakh)

Reviewed Audited51. Particulars' - - . Quarter ended Year endedNo. 30/06/2019 31/03/2019 30/06/2018 31/03/2019 31/03/2018

1 Revenue from operations 2,387.52 3,141.92 2,502.36 11,330.33 9,741.872 Other income 39.26 20.32 98.54 292.31 213.57

Total income 2,426.78 3,162.24 2,600.90 11,622.64 9,955.443 Expenses

a) Cost of materials consumed 1,144.42 1,746.84 1,735.13 6,540.98 5,379.20b) Purchase of Trading zoods 219.91 267.13 613.80 1,023.56c) ExciseDuty / GSTon sale of Goods 198.04c) Changes in inventories of finished goods and work-in-progress 195.15 1214.95 1217.31 (418.39 (35.84)d) Employee benefits expense 96.51 82.89 61.87 353.54 187.92e) Finance costs 24.89 24.20 33.63 113.82 99.44f) Depreciation and amortisation expense 20.03 23.17 16.39 83.35 82.57g) Other expenses 551.17 744.86 576.53 2,535.52 2,265.68

Total expenses 2,252.08 2,6'74.14 2,206.24 9,822.62 9,200.57

3 Profit/(Ioss) before exceptional items and tax (1+2-3) 174.70 488.10 394.66 1,800.02 754.874 Exceptional items -5 Profit before extra ordinary items and tax (3-4) 174.70 488.10 394.66 1,800.02 754.87

Exceptional items

6 Profit/(Ioss) before tax (4-5) 174.70 488.10 394.66 1,800.02 754.87Tax expense

7 Current Tax 52.25 209.00 126.50 659.00 253.50Deferred Tax - 40.15 4.56 (12.48)Income tax relating to earlier years - 0.25 0.25 21.03

Profit/(Ioss) after tax but before share in profit/loss of Associates (68 7) 122.45 238.95 267.91 1,136.21 492.829 Share of profit/loss of Associates 2.59 141.13) 3.40 (39.05) 11.4410 Profit/(Ioss) after tax (8+9) 125.04 197.82 271.31 1,097.16 504.26

Other Comprehensive Income(i) Items that will not be reclassified to Profit/Loss

Remeasurement net defined benefit liability/Asset (50.36) (50.36) (0.48)Income tax relating to above item 18.16 18.16 0.16

(ii) Items that will be reclassified to Profit/loss(iii) Share in OCIof Associates 11.021 {l.35 ii02 (1.1811 Total Other comprehensive Income(netof tax) - 133.211 11.35 (33.2V (1.5012 Total Comprehensive Income for the year (8 + 9) 125.04 164.61 269.96 1,063.95 502.7613 Paid- up Equity share capital 49.50 49.50 49.50 49.50 49.50

I{Facevalue of Rs.I0/- each)14 Reserves excludina Revaluation Reserve as

.p_erBalance sheet of previous accountina year15 Earnings per share (Before & after extraordinary Items)

I(of Rs.I0/-each) (not annualised for Quarterly figures):a) Basic (Rs.) 25.26 39.96 54.81 221.65 101.87b) Diluted (Rs.) 25.26 39.96 54.81 221.65 101.87See accompanying notes to the financial results ...Segment wrse Revenue Results Assets and tiabilitles

THREEMONTHSENDED YEARENDEDSl PARTICULARS 30/06/2019 31/03/2019 30/06/2018 31/03/2019 31/03/2018NO. (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited)

1 Segment Revenue (Net sales / Income from Operations)a) LightEngineering Goods 2,359.68 3,136.51 2,486.57 11,277.28 9,693.38b) Real Estate Development 27.84 5.41 15.79 53.05 48.49Total segment Revenue 2,387.52 3,141.92 2,502.36 11,330.33 9,741.87Less : lnter-Seament RevenueNet sales/ Income from Operations 2,387.52 3141.92 2,502.36 11330.33 9,741.87

2 Segment Result Profit/(loss)before Tax & Interest from eachsegmenta) LightEngineering Goods 188.30 456.70 420.86 1,836.90 735.23b) Real Estate Development 11.29 10.111 7.42 21.23 17.34Total 199.59 456.59 428.28 1,858.13 752.57Less(i) Fiance Costs(ii) Interest 24.89 24.20 33.63 113.82 99.44(iii) Other Un-allocable expenditure net off Un-allocable

income(iv)unallocable income 55.71 55.71 101.74(v)exceptional itemsTotal Profit / (loss) Before Tax 174.70 488.10 394.65 1,800.02 754.87

3 Segment Assets: @~a) LightEngineering Goods 6,933.63 7,594.56 6,980.46 7,594.56 6,866.08b) Real Estate Development 307.80 324.34 347.68 324.34 356.05c) Unallocable 0~~ ~ 1,733.02 1,300.31 826.11 1,300.31 997.07Total Segment Assets -.::c I",.... ~\ 8,974.45 9219.21 8,154.25 9,219.21 8,219.20

4 Segment liabilities: Mr4' Ia) LightEngineering Goods ~ iJ~~edA

1,833.93 2,268.39 2,021.26 2,268.39 2,320.94b) Real Estate Development

.®~'<J14.99 12.33 42.55

Total Segment liabilities 1,848.92 2,268.39 2,033.59 2,268.39 2,363.49--

MANGAL STEEL ENTERPRISES LIMITED

Notes:-

Place of Signature: KolkataDated: 14.08.2019

1) The above unaudited Consolidated financial results were reviewed by the Audit Committee and thereafter the Board of directors has approved the above resultsat their respective meetings held on 14th August, 2019. The consolidated financial results for the quarter ended 30th June ,2018 and 31st March ,2019 were notsubjected limited review by the Statutory auditors of the Group.

2) The company and its associates has adopted, Indian Accounting Standards prescribed under section 133 of The Companies Act 2013 (Ind AS) from 1st April, 2017and accordingly these consolidated financial results and all the period presented have been prepared in accordance with recognition and measurementprinciples laid down in Ind AS34- Interim Financial Reporting read with relevant rules issued thereunder and the other accounting principles generally acceptedin India and discloses the information required to be disclosed in terms of Regulation 33 of the Securities and Exchange Board of India (LODR) regulation 2015and amendment thereon.

3) The format for unaudited consolidated quarterly results as prescribed vide SEBIcircular CIR/CFD/CMD/15/2015 dated 30th November, 2015 has been modifiedto comply with the requirements of SEBI circular dated 5th July, 2016 and Schedule III (Division II) to the Companies Act, 2013 applicable to companies that arerequired to comply with Ind AS.

4) The company and its associates has adopted IndAS 116, 'Leases', mandatory for reporting periods on or after April 1, 2019. The adoption of this standard did nothave any material impact on the profit of the current quarter.

Particulars of Associates as on 30th June ,2019 a) M/s subham Holding Pvt ltd b)M/s Hindusthan Enterprise limited c) M/s Ansh Infraproject Pvt Ltd. d)Mangal Engineering limited

The figures of previous periods have been regrouped / reclassified wherever necessary to make them comparable with those of the current peiod.

MAN GAL STEEL ENTERPRISES LIMITEDRegistered Office: 248, G.T.Road, Salkia, Howrah-711106, Phone: (033)2655-8331, Fax: (033)2655-0468

Email: accounts@steelmangal.com, Website: www.steelmangal.comCIN : L27109WB1981PLC033969

EXTRACTOF STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTSFOR THE QUARTER ENDED30TH JUNE, 2019

(Rs in Lacs)Quarter Ended Year Ended

SI. No. Particulars 30/06/2019 31/03/2019 30/06/2018 31.03.2019 31.03.2018(Unaudited/R

(Audited)(Unaudited/

(Audited) (Audited)eviewed) Reviewed)

1) Total income from operations 2,426.78 3,162.24 2,600.90 11,622.64 9,955.44Net Profit!(Loss) for the period

2) (before Tax, Exceptional and/orExtraordinary items and share inprofit!(loss) of associates) 174.70 488.10 394.66 1,800.02 754.87

Net Profit!(Loss) for the period3) before tax (after Exceptional and/or

Extraordinary items but beforeshare in profit!(loss) of associates) 174.70 488.10 394.66 1,800.02 754.87

Net Profit!(Loss) for the period4) after tax (after Exceptional and/or

Extraordinary items) and share inprofit!(loss) of associates 125.04 197.82 271.31 1,097.16 504.26Total Comprehensive Income forthe period {Comprising Profit!(Loss) for the period (after tax) and

5) other Comprehensive Income(after tax) and share in profit!(loss)of associates

125.04 164.61 269.96 1,063.95 502.766) Equity Share Capital 49.50 49.50 49.50 49.50 49.50

Reserves (excluding Revaluation7) Reserve) as shown in the Audited

Balance Sheet of the previous year- 6,901.32 6,901.32 5,803.26

8) Earnings Per Share (EPS) (of Rs10/- each) (not annualised)

I(a) Basic (in Rs) 25.26 39.96 54.81 221.65 101.87I(b) Diluted (in Rs) 25.26 39.96 54.81 221.65 101.87

Place: KolkataDate: 14.08.2019

FOR Mangal Steel Enterprises Ltd.

~.,_,~~=Bi'fwanath Garodia

(Managing Director)(DIN: 00309815)

Note:(a) The above is an extract of the detailed format of Annual Financial Results filed with the Stock Exchanges for thequarter ended 30th June, 2019 under Regulation 33 of the SEBI (Lisiting Obligations and Disclosure Requirements)Regulations, 2015. The full format of the Annual Financial Results for the quarterended 30th June, 2019 are availableon the Stock Exchange website viz. www.cse-india.com and on the Company's Website.(b) The above Results have been reviewed by the Audit Committee and approved by the Board of Directors at theirmeeting held on 14.08.2019.