^^.\ZTEXMACO

,\'ttlionul ,\toc'k F-xc'hunge o/ lndia Limilcdl,xc'hungc Pla:uBundra - Kurla ()omplex

Bundra @), Mumbai - 400051

Symbol- TEXRAIL

Dear Sirs.

Texmaco Rail & Engineering Ltd.Belgharla Works

CIII lto. :. L2926 LWB1998PLCO AZ 4O4GSTIN ITo. 19AABCT2S92EIZA

19th October,2020

BSl, LimitadP. .J. T'ov,er.r

Dalal Streel, FortMumbai - 400001

Scrip Code - 533326

We would like to inform you that the Board of Directors at its Meeting held today, i.e.

19th October,2020 has inter-alia, approved the Unaudited Standalone & Consolidated

Financial Results of the Company for the quarter and half year ended

30th September.2O2O which are enclosed along with the Limited Review Reports from

the Statutory Auditors of the Company on the aforesaid Financial Results.

l'he Meeting conlmenced at l:00 p.m. and concluded at 3:30 p.m.

Thanking you,

Yours faithfully,For Texmaco Rail & Engineering Limited

Regd. Office & Works : BELGHARIA, KOLKATA 700 056. INDIA o Ph : 2569 1500 o Fax : 91 (33) 2541 244813517E-mail : texmail@texmaco.ln o Website : www.texmaco.in

Compliance OfficerComfug/ Secretary &

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Go:

scrdventaCIN : 129261W81998P1C087404

TEXMACO RAIL & ENGINEERING LIMITED- -- ii*"rr** of Qlnadlted dtnanctal fiesulu

dot tk Zurrrtar, ond half geec ended SOth $epdmb*' 2020

AND LIABILITIES

Assets

(a) Property, Plant & Equipment

(b) Righfof -Use Assets

Capital work-in-Progress

lnvestment Property

Other lntangible Assets

Assets

r) lnvestments

Loans

Bank Balances

Others

(e) Deferred Tax Assets (Net)

(0 Other Non currentAssets

Assets

lnventories

(b) Financial Assets

(i) lnvestments

(ii) Trade receivables

(iii) Cash & cash equivalents

(iv) Bank balances other than (iii) above

(v) Loans

| (c ) Current Tax Assets (Net)

Other Current Assets

TOTAL ASSETS

AND LIABILITIES:

Equity Share CaPital

Other EquitY

Non-Controlling lnterest

Liabilities :

Financial Liabilities

(i) Borrowings

Provisions

Other Non Current Liabilities

Liabilities

(a) Financial Liabilities

(i) Borrowings

(ii) Trade Payables

(A) total outstanding dues of micro enterprises and small enterprises

(B) total outstanding dues of creditors other than micro enterprises and

small enterprises

(iii) Other financial liabilities

other current liabilities

) Provisions

TOTAL EQUITY AND LIABILITIES

53,704 99

3,335.86

64,453.84

1,658.41

6,684.65

4,856.50

2,121.74

38,681.39

3,476.28

54,119.23

1,7A4.81

7,347.99

4,769.00

2j86.4596,'199.69

17,814.34

4,835.17

986.74

16,371 .O2

69,710.54

55,412.12

5,473.25

14,810.95

16,721.63

75,332.59

49,862.20

5,765.39

10,591 .46

3,018.75

ATEMENT OF ASSETSCONSOLIDATED

As at30-9-2020

As at

31-3-2020

38,E35.02

44.35

978.96

3,028.65

72.82

40,441.18

44.69

735.42

3,073.5s

104.14

42,959.80 44,398.98

7,391.76

388.1 7

1,081 ,00

1 01 .50

9,464.53

729.69

6,561.36

578.30

1 ,109.34103.60

8,211.10

888.75

19,156.65 17,452.45

38,681.39

3,476.28

54,065.55

1 ,812.55

7,347.99

1,564.81

2,226.27

96,215.66

53,707.04

3,499.62

64,450.00

t,676.29

6,684.6s

7,470.69

2,r89.23

93.290.99

2,05,390.50 2,26,968.51

2,61,506,95 2,88,819.94

2,248.59

98,430 54

2,248.59

1,00,484.61

1,00,679.131 1,02,733.20

(1 3.23)

4,835.17

986.74

16,371.02

(e.841

5,269.99

816.08

77,814.34

22,t92.93 23,900.41

75,333.54

49,818.59

5,821.91

10,655.33

3,01E.75

69,777.48

55,416.13

5,577.07

M,a29.87

76,72!,62

1.44.648.',|.z 1,62,196.17

2,67,506.95 2,88,819.94

,,,, ',sF ATCIT*.n &All^sol"urnon PRoVIDER.. 6)

@B ir

(o

*- 9?

sqdventzCIN : [29251W81998P1C087404

STATEMENT OF GASH FLOW

TEXMACO RAIL & ENGINEERING LIMITED$tatement of Qfn<.udtted dtnanctal &eultt

gfor tk luctrt E end half gcor, endcd EOth $Vdntcz, 2020

{ in Lakhs

Sr.No.

ParticularsSTANDALONE CONSOLIDATED

As at30.09-2020

As at30-09-2019

As at30.09-2020

As at30-09.201 I

A)

B)

c)

D

Cash Flows From Operatlng Activitles:Net Profit before Taxation & Exceptional ltems

Adjustments for:

Depreciation

lnterest Paid

Bad Debt Written off

Provision and Excess Liabilities Written Back

lnterest Received

lncome From lnvestments

Profit on Sale Of lnvestments-Current (Net)

Gain on Fair Value of Bonds/Mutual Funds

Loss/(Profit) on Sale of Property, Plant and Equipment (Net)

Operating Profit before Working Capital Changes & Exceptional ltems(lncrease)/Decrease in Trade & Other Receivables

(l ncrease)/Decrease in I nventories

lncrease/(Decrease) in Trade Payables & Other Liabilities

Gash Generated from OperatlonsDirect Taxes Paid

Cash Flow before Exceptional ltems

Exceptional ltems

Net Cash from Oporatlng Actlvities

Cash Flows From lnvesting ActivitiesSale/(Purchase) of Property,Plant & Equipments

(Purchase)/Sale of lnvestments (Net)

lConsideration Paid for Acquisition

lBank Deposits (lncludes having original maturity more than three months)

llnterest ReceivedI

lDividend Received

lNet Cash used in lnvestlng Activities

I

lCash Flows From Financing ActlvatiesI

I ReceipU(Payment) of Long Term Borrowings

lReceipU(Payment) of Short Term Borrowings

lln.rrrr" in share capital

lln.r"r." in Securities Premium

llnterest Paid

loivioeno Pato

loiria"na Tax PaidI

lNet cash used in Financing Activitieg

lChanges in Forelgn Currency Translation arislng from Forelgn Operations

lN"t o".r.""" ln Cash and Cash Equivalents

lCash And Cash Equivalents at the beginning of the period

lCasn anO Cash Equivalents at the end ofthe period

II

lNote:

I t't I Details of Cash and Equivalents as on

I e.trnces with banksI

I Current Accounts

I Cash in hand

(3,838.95) 2332.63 (4,041.64) 2,3't2.76

1,85'1 .00

5,204.26

(0.07)

(558.54)

(140.42)(1 .19)

1,731.53

4,352.22

ts+o.zal(25.59)

(7.31)

(155.41)

(75.69)

1,860.85

5,185.'t 0

(0.07)

(185 15)

(1 43.1 9)

(1.1 9)

1,740.24

4,352.22

(363.42)

(25.59)

(7.31)

(162.01)

(75.69)

6,355.04 5,278.97 6,716.35 5,458.44

2,516.09

7,888.42

15,023.60

(24,942.98

7,61 1.60

(3,619.08)

(13,05e.57)

1 0,975.1 5

2,674.71

7,628.62

15,025.62

(24,822.68)

7,771.20

(4,723.34)

(13,086.05)

11,063.93

(2,030.961 (5,703.50) 12,168.44) (6,745.46)

485.1 3

(64.67)

1,908.11

(1,035.37)

506.27(37.06)

1,025.74

(1 ,023.11

420.46 872.74 469.21 2.-63

420.46 872.74 469.21 2.63

(392.50)

(202.00)

(635.00)

367.20

(6,692.50)

3,856.96

(2,325.00)

(700.30)

247.11

25.59

(465.57)

(36._24)

(635.00)

(6.1e)

2.77

(6,838.51)

3,858.46

(2,325.00)

(700.30)

69.75

25.59

(862.30) (5,588.14 l'1,140.231 (5,910.01

(434.81)

5,622.05

(4,740.42)

(673.56)

10,099.19

0.24

9.84(4,1 71 .60)

(402.es1

(1 62.85)

(416.43)

5,622.05

(4,519.76)

(673.56)

11,299.17

0.24

9.84(4,1 71 .60)

(402.95)('162.85)

446.82 4,698.31 685.86 5,898.29

121.42

126.40

1,658.41

1,784.81

1,691.99

92.82

66.51

49.42

2,098.95

2,148.37

2,O74.60

73.77

121 .42

136.26

1.676.29

1 ,812.55

1.719.48

93.07

66.51

57.42

2,157.46

2,214.88

2,152.22

89.66

1,784.81 2,148.37 1 ,812.55 2,24',t.88

---\7 * TCITJLL EE[t SOLUTIOIS P&OV[Dfl,&.

LEt}"r;ftfig

Ref: StuT/14R

toThe Board of DirectorsTexmaco Rail & Engineering Limited

1.

3.

4.

Place:Kolkata

Date : 19rh October, 2020

We have reviewed the accompanying statement of unaudited standalone financial results of TEXMACO RAIL

& ENGINEERING LIMITED ("the Company"), for the quarter and half year ended September 30, 2020, in

which are incorporated the returns for the quarter and half year ended on that date reviewed by the branch

auditors of the Kalindee Unit.

This Statement, which is the responsibility of the Management and approved by the Board of Directors, has

been prepared in accordance with the recognition and measurement principles laid down in lndian Accounting

Standard 34 "lnterim Financial Reporting" ("lnd AS 34"), prescribed under Section '133 of the Companies Act,

2013, and other accounting principles generally accepted in India. Our responsibility is to issue a report on

these standalone Ilnancial statements based on our review.

We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE)

2410 "Review of lnterim Financial lnformation 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 financial statements are 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

exoress an audit ooinion.

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 prepared in accordance with applicable

accounting standards and other recognized accounting practices and policies has not disclosed theinformation required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure

Requirements) Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any

material misstatement.

For L.B.

. N. Roy)

B2lr, GtttANDER HOUSE

8, NFTAII SUEHAS ROAD

KOTXATA-7oo 001

TEL ! +91-33-2242 5858/4277FN( | +91-33-2242 0650E-mall : lblha@lblha.comwebslte : r,vww.lblha.com

Limited Review Report

Partner

,(Membership Number 300389)

UDIN: 20300389AAMGE7909

lfSO lf , rOfyoliswar. f,tt Connrueht placr, New Delhl.ll0 001 . T.l | .91{tl'{19r 0956.. tel/ fu : +91.011.4151 0951 . Fmall I lbihadelolblha,edm

Itlt No.ltt, tot Cintn, tiarulMNmril foad, And*il {[], l umbd. a00 059. fEt | +91.022'2920 tlo! r Tel / tar r 19l.0ll'1910 lto{ r t'mallt lbjhabomolblhe.om

LEtm"*P"g

Ref: SM/14R

B2lI, GIttANDCR HOUST

8, NETAJI SUEHAS ROAD

KOTXATA-7oo 001

ItL : +91-31-2242 5858/4277

fN( ! 191.33-2242 0650E mall : lblha@lblhacomwebslte : wwtv,lblha.com

Limited Review Report

toThe Board of DirectorsTexmaco Rail & Engineering Limited

1.

3.

We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of

TEXMACO RAIL & ENGINEERING LIMITED ("the Parent') and its subsidiaries (the Parent and

its subsidiaries together referred to as "the Group") and its share of the profit after tax and total

comprehensive income of its associate and joint ventures for the quarter ended September 30,

2020 and for the period from April 1 , 2020 to September 30, 2020, in which are incorporated the

returns for the quarter and half year ended on that date reviewed by the branch auditors of the

Kalindee unit, being submltted by the Parent pursuant to the requirement of Regulation 33 ofthe

SEBI (Listing Obligatlons and Disclosure Requirements) Regulations, 2015, as amended.

This Statement, which is the responsibility of the Parent's Management and approved by the

Parent's Board of Directors, has been prepared in accordance with the recognition and

measurement principles laid down in Indian Accounting Standard 34 "lnterim Financial

Reporting" ( Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other

accounting principles generally accepted in India. Our responsibility is to express a conclusion on

the Statement based on our review.

We conducted our review of the Statement in accordance with the Standard on Review

Engagements (SRE) 2410 "Review of Interim Financial lnformation Performed by the

Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of lndia. A

review of interim financial information consists of making inquiries, primarily of persons

responsible for financial and accounting matters, and applying analytical and other review

procedures. A review is substantially less in scope than an audit conducted in accordance with

Standards on Auditing and consequently does not enable us to obtain assurance that we would

become awaie of all significant matters that might be identified in an audit. Accordingly, we do

not exoress an audit ooinion.

We also performbd procedures in accordance with the circular issued by the SEBI under

Regulation 33 (B) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,

2015. as amended, to the extent aoolicable.

ArsoAr..lo5 roe$w4 [+r connrudhr pii;l fiId ,trooot oict | +fl{fl.{r5l 0956.oTcl/ Frx: +91.011..is1 0!51. Fmallr lblhadelolblha,cdm

;tiil iifiia;nr,r, ri,rot[4r,!6il 6d, inih;iiii lrumtrr.rmor. n[ | +9t.oll'telo !'t8l r Tel./ ru r +91.021.i910 3181 . Fmrll I lblhNbomclUh..com

5.

4. The Statement includes the results of the following entities:

(i) Belur Engineering Pvt. Ltd.

fiD Texmaco Rail Electrification Limited(iiD Texmaco Rail Systems Private Limited(iv) Texmaco Transtrak Private Limited

(v) Texmaco Defence Systems,Private Limited

(vi) Texrail SA (Pty) Limited(vii) Touax Texmaco Railcar Leasing Pvt. Ltd.-(viii) Wabtec Texmaco Rail Pvt. Ltd.

6.

7.

LBtmoj$g

Wholly Owned Subsidiary.Wholly Owned SubsidiarySubsidiarySubsidiary

Associate .

Foreign SubsidiaryJoint VentureJoint Venture

Based on our review conducted and procedures performed as stated in paragraph 3 above and

based on the consideration of the review report of the branch auditor referred to in paragraph 6

below, nothing has come to our attention that causes to believe that the 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

lndia, 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 ls to be disclosed, or that it contains any material misstatement.

We did not review the interim financial results of one unit lncluded in the standalone unaudited

interim financial statements whose resulls reflect total assets of Rs. 93,239.48 lakhs as at

September 30, 2020 and total revenues of Rs. 14,609.47 lakhs and Rs. 22,096.07 lakhs, total net

loss after tax of Rs.508.05 lakhs and Rs.2.254.54 lakhs and total comprehensive loss of

Rs.424,33 lakhs and Rs,2.133.13 lakhs for the quarter ended September 30,2020 and for the

period from April 1, 2020 to September 30,2020 respectively and cash flows (net) of Rs, 5,7

lakhs for the period from April 1,2020 lo September, 2020, as considered in the respective

standalone unaudited frnancial results. The interim financial results of this unit has been reviewed

by the branch auditor whose report has been furnished to us, and our conclusion in so far as it

relates to lhe amounts and disclosures included in respect of this unit, is based solely on the

report of such branch auditor and the procedures performed by us as stated in paragraph 3

a00ve.

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

The consolidated unaudited financial results includes the interim financial results of four

subsldiaries which have not been reviewed by their respective auditors, whose interim financial

results reflect total assets of Rs.3,335.76 lakhs as at September 30,2020 and total revenue of

Rs.82.84 lakhs and Rs.170.42 lakhs, total net profiU(loss) after tax of Rs,(1.67 lakhs) and

Rs.2.'19 lakhs and total comprehensive income / (loss) of Rs.(1.67 lakhs) and Rs.2,19 lakhs for

the quarter ended September 30, 2020 and for the period from April 1 , 2020 to September 30,

2020, respectively, and cash flows (net) of Rs. 9.BB lakhs for the period from April 1,2020 toSeptember, 2020, as considered in the consolidated uri'audited financial results. The

LVlhnoCo'4NESITIII

consolidated unaudited financial results also includes the Group's share of net profit after tax of

Rs. 137.61 lakhs and Rs, 252.63 lakhs and total comprehensive income of Rs. 137.61 lakhs and

Rs. 252.63 lakhs for the quarter ended septe4ber 30, 2020 and for the period from April 1, 2020

to september 30, 2020 respectively, as considered in the consolidated unaudited financial

results, in respect of one associate and two joint ventures based on their interlm financial results

which have not been reviewed by their respective auditors. According to the information and

explanations given to us by the Management, these interim financial results are not material to

the Group.

The consolidated unaudited financial results include the interim financial information of one

subsidiary which is located outside India and has not been subjected to review. The financial

information has been prepared in accordance with accounting principles generally accepted in

the respective country and has been furnished to us by the Management. Our opinion on the

Statement, in so far as it relates to the amounts and disclosures included in respect of this

subsidiary is based solely on such unaudited financial information. According to the information

and explanations given to us by the Management, this interim financial information is not material

to the Grouo.

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

B,

Place : KolkataDate : 19th October, 2020 (Membership Number 300389)

UDIN: 20300389AAMGF6750

For L.B, Jha