KET/SEC/SE/2020-21 August 11, 2020

BSE Limited

Floor 25, Phiroze Jeejeebhoy Tower,

Dalal Street,

Mumbai – 400 001

Scrip Code: 524109

National Stock Exchange India Limited,

Exchange Plaza, C-1, Block-G,

Bandra Kurla Complex, Bandra (East),

Mumbai-400051.

Stock Code: KABRAEXTRU

Dear Sirs,

Sub: Publication of Unaudited Financial Results for the quarter ended 30.06.2020

Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure

Requirements) Regulations, 2015, we enclose herewith copies of the newspaper

publication of the extract Unaudited Financial Results for the quarter ended June 30,

2020, published today, i.e. Tuesday, August 11, 2020 in Business Standard (English)

and Sakal (Marathi).

Kindly take the above on record.

Thanking you,

Yours truly,

For Kabra Extrusiontechnik Limited

Arya K. Chachad

Company Secretary

Encl.: As above

www.kolsite.com A Kolsite Group Company

Kabra Extrusiontechnik Ltd. Fortune Terraces, B wing, 10th Floor, Link Road, Opp. Citi Mall, Andheri (West), Mumbai - 400 053. Maharashtra, India. Phone : +91-22-26734822/23/24/25 Fax : +91-22-2673 5041 Email : sales@kolsitegroup.com Works 1 : Kabra Industrial Estate, Kachigam, Daman - 396210. India Works 2 : Survey No. 259/1 to 5, 260/1 to 6, 265/3, Costal Highway, Dunetha, Daman – 396210. India. Tel. : +91-260-2241 401-3 / 2242 616 Fax : +91-260-2241 965 Email : ket@kolsitegroup.com CIN - L28900MH1982PLC028535

16 MUMBAI | TUESDAY 11 AUGUST 2020 1>

PAVAN LALLMumbai, 10 August

Some weeks ago, IT projectmanager Smitha V, herhusband and their two

children decided to rent a cam-per and drive down to Bheeme-shwari, a jungle resort near Ben-galuru. The experience, she says,was a welcome break from work-ing from home under lockdown,especially for the kids whocouldn’t get over the idea ofbeing in a “house on wheels”.The hygiene levels in the recreat-ional vehicle (RV) were what shewould deploy in her own home.The driver and tour guide weresealed off in the front. The refrig-erator, restrooms and beds werespick and span, and comfortable— perfect for a weekend out.

Motorhomes are emergingas a safe option for families whowant to travel lock, stock, andbarrel to weekend getaways butare also determined to stay con-tactless while on the road. Thesehomes on wheels come equip-ped with a bathroom, beds, alounge area and a kitchen-ette, thereby reducing theneed to step into the wor-ld outside. Such vehiclescan be rented, or boughtand customised. A hand-ful of players,who see it as a businesswith a potential, are buildingthem ground up.

Bengaluru-basedLuxeCamper, which is backedby investors that include crick-eter Anil Kumble, rents out car-avans with beds, refrigeratorsand toilets for four. Starting at~15,000 a day, these caravansoffer trips to Hampi and otherareas around Bengaluru.

LuxeCamper got into busi-ness just about a month-and-a-half ago. The campers, says itsfounder Tiger Ramesh, are builton an Ashok Leyland platform.“We build on the body and thenfit it out with caravan interiors,”he says, adding that the vehicleshave been approved by the cen-tral and state governments forroadworthiness.

LuxeCamper currently hastwo vehicles and plans to add

eight more by theend of the year. Ramesh saysboth the buses have been on theroad for around 30 days andsince the launch, he has recei-ved 200 enquiries for trips.

Motorhomes are registeredas special purpose vehicles. Theowners have to pay 18 per centtax on conversion and 28 percent on complete vehicles.

The Radisson Hotel in Guru-gram also launched a similaroffering, Luxewheels, recently.Conceptualised by DC Design,the vehicle features an Isuzuengine and LED TVs, Bosespeakers, shower cubicles, air-plane-grade upholstery andrefreshments. Gaurav Mehta,the hotel’s general manager,says they are booked for the

next few weekends.Pinnacle Specialty Vehicles,

a specialist in reconfiguringautomobiles, recently deliveredover a hundred repurposed lab-oratories on wheels for Covid-19testing to the Tamil Nadu gov-ernment. The company is alsolooking at recreational vehicles.Pinnacle Chairman SudhirMehta says the pent-up demandwill get people to want to traveland undertake leisure activitiessuch as picnics and road trips.“Travelling in one’s own RV isone way of reducing the risk ofinfection,” he says.

Motorhomes are a tiny butgrowing segment in India, saysDC Design Founder DilipChhabria who has been in thebusiness of customising auto-mobiles for over two decades.Chhabria has laboured oversome 500 RVs, a bulk of themEicher Trucks, BharatBenz bus-es and the 12-metre, rear-engine

Isuzu vehicles.In India, RVs or mot-

orhomes are a nichesegment. Only 100 to150 units are sold in ayear compared to theUS where about600,000 vehicles aresold per year, saysChhabria. “Parks andoutdoor facilities inIndia are yet to evolvewith regards to dock-

ing spaces and areas forrefuelling. And the vehiclesthemselves are not pure-playmotorhomes, like in the West,but commercial vehicles thathave been repurposed to do thejob,” he explains.

The key difference is thatRVs abroad feature motor-homes that are hitched to trail-ers and can be detached andused as actual homes. In India,the interiors of buses, trucks orvans are converted.

Customising a vehicle intoa motorhome can cost bet-ween ~10 lakh and ~40 lakh,depending on the size andextent of overhaul.

Ramesh is confident that thiscategory is here to stay. “It couldeven lead to an Airbnb-stylebusiness model.”

AJAI SHUKLANew Delhi, 10 August

The last fortnight has seen theMinistry of Defence (MoD) rele-ase three major documents relat-

ing to defence acquisition, manufac-ture and exports. These include draftsof two new policies for public comment— the Defence Production and ExportPromotion Policy 2020 (DPEPP 2020)and the Defence Acquisition Procedure2020 (DAP 2020). Finally, on Sunday,the MoD issued a list of 101 defenceweapons and equipment that will beprogressively embargoed for importbetween now and 2025.

From December onwards, the army,navy and air force will not be permittedto import 69 categories of defenceequipment. The army will have to relyon Indian suppliers for tracked, self-propelled and towed artillery guns,multi-barrelled rocket launchers of thePinaka class, sniper rifles and bullet-proof jackets and helmets. The navywill have to indigenously build severalcategories of warships, such as missiledestroyers, next-generation missile ves-sels, anti-submarine craft, offshorepatrol vessels and sonar systems andweaponry. The air force will have tobuild in India its requirement of lightcombat aircraft (LCA) and helicopters,light transport aircraft, and parachutedelivery systems for air-dropping arange of stores and equipment.

A year later, from December 2021onwards, 11 more equipment categor-ies, including wheeled tanks, light ma-chine guns, assault rifles and ammuni-tion for tanks would have to be sourcedfrom Indian manufacturers. In addi-tion, conventional submarines, suchas the six being acquired under Project75-I, would have to be built in India.

From December 2022, importwould be banned of medium artilleryammunition, electronic warfare sys-tems and two other categories. FromDecember 2023, eight more equipmenttypes would face import embargoes,including basic trainer aircraft, com-munications and reconnaissance satel-lites and Astra air-to-air missiles.Another eight categories — includingartillery ammunition fuses and charge— would have to be indigenised from

December 2024. Finally, the MoD hasbanned the import of long-range cruisemissiles from December 2025.

The MoD states this import embar-go is intended to assure Indiandefence firms they can “manufacturethe items in the negative list by usingtheir own design and developmentcapabilities or adopting the technolo-gies designed and developed byDefence R&D Organisation (DRDO)”.

In the past, the defence industry,especially private firms, have expend-ed money and research effort on devel-oping a defence product, only to seethe MoD import it from the global mar-ket instead. An import embargo on spe-cific products would provide assuranceagainst such an eventuality.

A layer of assurance is alreadyprovided in the Defence ProcurementProcedure of 2016 (and proposed inDAP 2020), through the stipulationthat a product that is “India designed,developed and manufactured” wouldbe prioritised for acquisition over anyother category.

The MoD states this thrust on im-port substitution has its roots in “PrimeMinister Narendra Modi’s address tothe nation on May 12 (wherein he) hadgiven a clarion call for a self-reliantIndia based on five pillars, i.e. economy,infrastructure, system, demographyand demand; and announced a specialeconomic package for Self-ReliantIndia named Atmanirbhar Bharat.”

Since Modi’s election in 2014, hehas regarded defence manufacturing asa vehicle for employment generation.

Inaugurating Aero India show inFebruary 2015, he stated: “Studies showthat even a 20-25 per cent reduction inimports could directly create an addi-tional 100,000-120,000 highly skilledjobs in India. If we could raise the per-centage of domestic procurement from40 per cent to 70 per cent in the nextfive years, we would double the outputin our defence industry.”

Five years down theline, that aim is far frombeing met. However, lastweek’s draft DPEPP 2020sets a similar target forIndia’s aerospace anddefence industry to morethan double in size “fromthe current ~70,000 croreto ~140,000 crore by 2025”.

Elsewhere in the draftDPEPP 2020, indigenousdefence production is esti-mated at ~80,000 crore.“While the contribution ofpublic sector is estimated tobe ~63,000 crore, the shareof private sector has steadi-ly grown to ~17,000 crore over theyears,” states the document.

While most defence industryexecutives have welcomed the importembargo list, many point out that itonly stipulates what is already thereality — banning the import of equip-ment that is already being procured,or about to be procured, from indige-nous suppliers.

They point out that in the catego-ry of tracked, self-propelled guns, the

army is already procuring the K9 Vajrasystem that Larsen & Toubro (L&T)builds under a South Korean licenceoutside Pune. The DRDO is collabo-rating with private firms KalyaniGroup and Tata Advanced SystemsLtd in developing towed artillery gunsand Pinaka multi-barrelled rocketlaunchers. The army’s entire require-ment of tanks has long been built atChennai and its infantry combat vehi-cles at Medak, Telangana.

Similarly, the embargo on the importof naval warships would change littlesince most of its warships are alreadybuilt in Indian shipyards. The navy’svice chief, Vice Admiral G Ashok Kum-ar, says that of 48 warships under const-ruction, 46 are being built in India; onlytwo frigates are being constructed inRussia. The MoD’s Sunday announce-ment that six conventional submarineswould be built in India for ~45,000 croreonly repeated what had been decided asfar back as 1999 under the navy’s 30-year Submarine Building Plan.

The air force, meanwhile, has fordecades been building its fighter and

trainer aircraft in India, withthe recent exception of theRafale. Placing importembargoes on the Tejas Mark1A and the Light CombatHelicopter are superfluoussince these are indigenous-ly designed and manufac-tured aircraft, as is the HTT-40 basic trainer aircraft.

The MoD clarified thisissue on Monday: “Suchsystems are also availablein the international mar-ket (so they) have beenincluded in the negativelist of imports to ensurethat the defence services

do not go in for procurement of sim-ilar systems ex-import.”

The ministry has also highlightedthat a product would be consideredindigenous only if there is a “minimumlaid down” indigenous content — pre-sumably 50 per cent, going by DPP2016. Placing that equipment categoryon the import embargo list would forceindigenous manufacturers “to ensureindigenisation and decrease importcontent to the permissible limits”.

Defence import embargoformalises existing reality

Pandemic revives interestin recreational vehicles

On a roll� 4-passenger Ashok Leyland

Caravan: ~30,000/day

� 5-passenger Isuzu luxury bus:~50,000/day

� 5-passenger Isuzu luxury bus: ~100,000/day (outstation travel)

* Each with chauffeur, tour guide andrefreshments

The Sukhoi-30MKI production line at Hindustan Aeronautics, Nashik

AJAI SHUKLA

The air forcehas fordecades beenbuilding itsfighter andtrainer aircraftin India, withthe recentexception ofthe Rafale

CONART ENGINEERS LIMITEDCIN:L45200MH1973PLC017072

Regd.Office : 17, Ground Floor, Jay Bharat Society, Nr Solanki Palace, 3rd Road, Old Khar ( W )Mumbai - 400052 Web: www.conartengineers.com; (E): celcs@conartengineers.com

Statement of Standalone Unaudited Financial Results for the Quarter Ended 30th June,2020

®

Notes:

1. The above is an extract of the detailed format of Quarterly financial results filed with the stock exchangeunder regulation 33 of the SEBI (Listing obligations and Disclosure Requirements) regulations,2015. Thefull format of the quarterly financial results are available on the Stock Exchanges Website www.bseindia.comand Companies website www.conartengineers.com

2. Financial Results for corresponding Quarter ended 30th June,2020 are based on the information oncompiled by the management of the Company after making necessary adjustments as per Ind AS andhave not been subjected to limited review or audit.

By order of the Board,For Conart Engineers Limited

Sd/-Jitendra S. Sura

Chairman & Managing Director

(Rs. In Lakhs except EPS)

Place : VadodaraDate : 10th, August, 2020

1 Total Income from Operations (Net) 195.21 939.68 376.34 2521.72

2 Net Profit/(Loss) from ordinary activities after tax 26.38 6.18 29.18 119.14

3 Net Profit/(Loss) for the period after tax

(after extra ordinary items) 26.38 6.18 29.18 119.14

4 Total Comprehensive Income for the period after tax

(Comprising Profit/(Loss) for the period after tax and

other Comprehensive Income after Tax 14.95 10.16 34.22 138.73

5 Equity Share Capital 314.00 314.00 314.00 314.00

6 Reserve excluding Revaluation Reserve as per

Balance Sheet of Previous accounting year 1755.96 1741.02 1674.36 1741.02

7 Earning Per Share of Rs. 10/- each

Basic and diluted EPS before Extraordinary items 0.84 0.20 0.93 3.79

ParticularsSr.No.

Quarter Ended30-June-20 31-Mar-20 30-June-19 31-Mar-20Unaudited Audited Unaudited Audited

(I) (II) (III) (IV)

Year Ended

CITADEL REALTY AND DEVELOPERS LIMITEDCIN:L21010MH1960PLC011764

Regd.Office : Marathon Futurex, N.M. Joshi Marg, Lower Parel (West), Mumbai 400 013.

Extract of Un-Audited Financial Results for the First Quarter Ended 30th June, 2020

(Rs. in lacs - Except Equity share data)

Sr

No.

Particulars Standalone Consolidated

Quarter

ended

Year ended Quarter

ended

Quarter

ended

Year ended Quarter

ended

30 June

2020

31 March

2020

30 June

2019

30 June

2020

31 March

2020

30 June

2019

Un-Audited Audited Un-Audited Un-Audited Audited Un-Audited

1 Total revenue from operations 56.06 204.97 53.03 56.06 204.97 53.03

2 Other Income - - - - - -

3 Net Profit/(Loss) for the period (before

tax and Exceptional items)

15.00 32.02 10.11 15.00 32.02 10.11

4 Net Profit/(Loss) for the period before

tax (after Exceptional items)

15.00 32.02 10.11 15.00 32.02 10.11

5 Net Profit/(Loss) for the period After

Tax

10.83 53.34 31.75 14.77 55.22 19.83

6 Total Comprehensive Income for the

period [Comprising Profit / (Loss) for

the period (after tax) and Other Com-

prehensive Income (after tax)]

10.83 53.34 31.75 14.77 55.22 19.83

7 Equity Share Capital 789.22 789.22 789.22 789.22 789.22 789.22

8 Earning Per Share (of Rs. 10/-each)

a) Basic EPS 0.14 0.68 0.40 0.19 0.70 0.25

b) Diluted EPS 0.14 0.68 0.40 0.19 0.70 0.25

Note:

1 The above is an extract of the detailed format of Financial Results for the first quarter ended June 30, 2020 filed with the

Stock Exchange under Regulation 33 of the SEBI (Listing and Other Disclosure Requirements) Regulations, 2015. The

full format of the Financial Results for the quarter ended June 30, 2020 are available on the Stock Exchange website,

www.bseindia.com and the Company’s website, www.citadelrealty.in.

For CITADEL REALTY AND DEVELOPERS LIMITED

Sd/-

S. Ramamurthi

Director and Chief executive officer

(DIN:- 00135602)

Place : Mumbai

Date : August 10, 2020

8/11/2020 View Article

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