Embed Size (px)
Citation preview
SOMANY IMPRESA GROUP COMPANY
NEAPSBSE ONLINE
21st July 2020
The Corporate Relationship DeptBSE Ltd Phiroze Jeejeebhoy Towers1st Floor New Trading RingRotunda Dalal Street Mumbai- 400 001
The SecretaryNational Stock Exchange of India LtdExchange Plaza 5th Floor Plot No C1 G-Block Bandra-Kurla ComplexBandra (E) Mumbai - 400 051
Dear SirMadam
bull Somany sect Home
Innovation_ Limited
Sub Unaudited Financial Results and Limited Review Report for the first quarterended 30th June 2020 together with Segment wise Revenue and Results
In compliance with the requirements of Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 please find enclosed herewith Standalone and Consolidated Un-audited Financial Results for the first quarter ended 30th
June 2020 including Segment wise Revenue and Results of the Company as on 30th June 2020 duly recommended by the Audit Committee and subsequently considered and approved by the Board of Directors in their meeting held on Tuesday 21st July 2020 along with the Limited Review Rep01t of the Statutory Auditors thereon
The Meeting of Board of Directors commenced at 230 pm and concluded at 545 pm
This is for your reference and record
Foff MANY INNOVATION LIMITED
(PaW-
Cili) Company Secretary and VP Group General Counsel
Name Payal M Puri Address Membership No
301-302 3rd Floor Park Centra Sector-30 Gumgram-12200116068
Encl As above
Somany Home Innovation Limited
Corporate Office 37 B Echelon Institutional Area Sector-32 Gu rug ram Haryana-122 001 India T +91124 2889300 Registered Office 2 Red Cross Place lltolliata-700001 West Bengal India T +91 33-224874075668
wecarehindwarecoin I wwwshilgroupcom I CIN U74999WB2017PLC222970
h1ndware KITCHEN ENSEMBLE
h1ndware bullotlontic
h1ndware SNOWCREST
h1ndware
moonbwmiddotmiddot lyilW-014
SOMANY HOME INNOVATION LIMITED REGD OFFICE 2 RED CROSS PLACE KOLKATA-700 001
WEBSITE WWWSHJLGROUPCOM J CIN L74999WllWl7PLC222970 ] TEL 033-224874075668 I Email INVESTORSHILGROUPCOM PART STATEMENT OF UKAUDITED CONSOLIDATED AND STkUgtAIONE FINANCIAL RESULTS FOR THE QUARTERE1ltDED lOTHJtE 2020
r----------------------------- ---- ________ C
_o_nbull
_o
_li_d_a-to-d------------c----------
i Suirdalone
Preceding S No Particulars
3 months ended 30th June 2020
Preceding I Concoponding I 3 h d d 3 months erdcd itl I 3 moitths ended mbullmr sen e ] Ye1r endcd 31st March 2020 I the prev1oua year 31 M l 2020 bull 30th Junlt 2020
l endih June ac 1
I 3 moI1 ths ended 31st March 2020
Corresponding 3 rr1onths ended in Ycir ended rhc previous year l1sc Jiarch 202V ending 30th June
l Revenue from oper1tions IJ 0 ther incomc
_lII __ JltgttllliTllt-ltliII) __ IV Epenses
i) Purchucs of tod-inbullbulltradc h) Ch2nb in icventoric of tock-in-trade ) Employct benefits expcr5e J) Finance cost e) Depreciitlm nci amorti1tion cpen f) Othr CXPl-S
2019
gt------- ----------------+--------- --------+-------+----Unaudited) (A___li_tc_d)__(U_n_a_ud_i_ltc_d)---1 (edited) (Unaudited) ___ udited) (Unaudiid)
I
18537 364SGi 37795 161313 l 4975 9UB I
il)276I 318 1187 375 2431 043 2722 fl41I
183SS 3-t_Ji ____ 3817_01--
---16_37_4_bulli ___ __ __ 50_18 118pound01 _ _ _ 10l17J
9470 28325 3799 (3959) 4233 49I i 1110 820 10-iS 1393 2757 5878
21(18 1737 5776 795 S81
6521
1HM84 (30GI) 17736 i 3Ul 4599
m4lt-I
1 s 18 93421
4f6J 2126 (3242) 1721 L15 1148 i 1 1t)2 $ Ji 1fM j 21 413 s02 I 436
1 l14 175 gt25
(Audired) 45144 29I6
mo
12621 4977 U11 21gtltl
1060S ___ _ __T_o_a_l_bullgtltPsebull reg___ --------- ------t-----
V Profit before tXClptio1111l itt1ns end tax (HI-IV) 22427 __________ 37_3_28-+ ____ l6_0427j____ ___70_9_3 _____ 10_1_0_7- _____ 1_09821_ __ _
----+-_____ s_4_2+-____ 3_3_1-17 ___ ---(2_02)_ 17531 (G65) 37368
275 VI iExceptional item VII I Profit before tax VIII Tax xpensf
a) Curr-nr tn b) Dcferrci tax charge(bcnefit
Tx expenRs (VIfI) J( Prc1it for he ptbullriod (VJJ VHI)
X Other comprcheosive lnltome (net (f tax) i) lterns that wU not be rcdassified to profit odoM -(ij) r ocome tax nhitin w iccm thl will nee be rccJaiifcci to profit ltr loss
__ __
I
(352) --
(35i2) 275
H
(1118) (257) (1118) 044 (2454) 231
m13) (120
004 033
842
59(1 (106) 284 558
middot
3317
1 31 I (825) 1006 23lli --
((l52)
0141
(2015)
(749) (749 ---
J26) ---
002)
om
1753
(185)1 (18Si 1208[
II (028)1
OlD[ i
(665)
(246) (l161 (419)
(000) (llOl) (009) (088l
0(1()
(0311) (001) fcrcnce on translbulloon of fureign operaoons OCmiddot0 _I 1prehentlive income 00 000 (018 middotI
(2463 143 2273 (1327) XI Total comprehensive income tor the period (IX+X) 558 1921 (419)1
(6l4) (6Zq)
87
873
(1404) 2488 11247 1125) XII Earnings before nterest tax dcptcclation and amormation 2S1S zs59 100 3 50 (EBITDA) [V+IV(d)-_IV(e)l _________ +-------+---+-----+--------------11------il------+----7-
1446 14 1446 1446 XJll
Paid-up equity ahare capital (face vbulllue 2- per llwe) 144 1446 Share capltid mapense accountbullbull on 30th June 2019 1446 14
XJV Odcr equity (excluding revaluation ce11C1Ve)
(339) 1339)
032 032
lli7 077
Z5976bull
320 32(1
(183) (t83)
268 268
((l58) (( 58)
l 2l l 21
1
2
3
PARTII
Segment wiff revenue bullultbull u1eu and liabllitiea
Particulat11
Segment revenue from operation bull) Cornum0lt products h) Rtu1 business_ r) Building products d) Others
e) Unal]ooited Total
Less Intc-r segment revenue Total income from operations Segment =ults Profit(+) loss(bull) (before- otnd intereat from e111ch egmrnt)
bull) Consomcr proclucrs h) Rerni1 businltagt
I c) Building produces
bull d) Othergt I TotbullI Prnfit before unallocable expcridirnc [as tJruancc cosu r css Other unaUocated experditurc net of onallocabk income Total Profit before tax Segment uaada a) Crmum1 products b) Rew business c) Building plaquowlucn
- d) Uthl5
e) Uobulll1laquoatcd Totbulll Segment liabilide a) Conetlct products b) Rlaquo1i busirnss
c) Building product d) Othcn c) UnUocatlaquol Total
3 monthbull ended 30th June 2020
(Unotuditcd)
4170 777
13390
18537
18537
(301) (685) (951) (013)
(2450) 1110 012
(3572)
28325 7040
5968
085 1 4193
992SI
19775 10384
I 44075 035 053
74322
(t ne Conoolidated
Preceding Corresponding 3 monthbull ended 3 month ended in the previous Ycarcnd-cd
3bt March 2020 year ending 30th 31st March 2020
June 2019
(Audl1ltd) (lJnauditcd) (Audited)
7160 7835 3615 l(i3 2501 9067
27423 27459 1160115
36456 middot37795 16ll13
36456 37795 161313
(061) 054 57 (41) (J64 (149()
1(3J 1966 76 75
(019) (0 19) (0Sf) 1120 16Ji 6699 820 795 J331
02 000 03
27S 842 33li
28339 193lS 283W 71172 89 36 71172
61265 5365( 612(S
08B 091 Oilgt 3407 1330 34Jr
100971 83341 100971
19328 13012 19328
10 32 11187 0732 43405 31576 434flS
025 01 025
059 019 059 73S49 55804 73549
Notes (1) The aliotc frnancial m11its 0f So11tnmiddot Home InnovHo1 Limited (-SHIL11 or Company) for the quartcr crdtd 3GthJinc 2020 haX been cc-icwcltl by th( Audit Cornm1ttcc 2nd apprmcd h) rhc Board o( Djtccmr 1t rhcJr cspcctibulle
atin held on 21 sr Jul 2020
(2) rireo for quer ended 31st Morch 2020 represcms bolancilg figwes between audncd figures fot full lnanchu yegtr and published y-r to dote figures up to 3ist uecembcr 2019
(3) The Compan) had decided tu cloc down 8 (elght) out of its O Ien) retail furniture stotltgt which sells furniture and bard furnishing item under bmnd EVOK ih= ore closwes arlt expeetcd during 2nd quomt of crlter financfal )elt and ttlatcd fmancial impact if U1)1 be ac-counttltl upon the respective dltc of c1ch ttotc closurt
(4) a) The outbltHk of COVID~ 19 Pandmic has caused global widesprebulld economic ltLsruptlom leaving unccm11ties wjrh respect to severity amp its impacr on business- which cwrcntly canoe be reasonably asceruincd Thlt Compny has up to the date of approval of fitfrac14tncial results cv-alu2ted ind factored in to the extent possible Ukdy mutcrhl events amp circumstances arising from COVID-19 pudemic d thcit imput on carrying value of hs Assets amp Uibilitks titshyat 30amp June 2020 Bad on cgtJrrent indiatonr of future economic conditions the Cornpst1y tXfHfts to rovlr c-rrying arnount ofit ASS(IS as on 30th June 2()20 Thi irnpaltt of -my fuL-JIY events amp derdoprtunts cn1irgin out lt1f COViD 19 P211dernic if ary and occuttiog aftt-x th( 1prrcw1l of fln2cici-al result for tC quarter and relaciog 10 thl AiCts amp L1alHlitksi of he Cornp2ny 3S m 30th] ln 2020 will be --Cltognlztd prnpccti1middotdy Comidtnng cu a cot nuJcmiddot1 s-cenufo 2nd companys quaJty product portfolio hnnri 1ragc 1ong-1m1nding rclawn11p amp gooclwill 1th ts LStomen riu_PJJcr and ot1rr stukchotders ComJny xpecc tlut the buiins opere1rions ish flows h1 Ln- nVcnuc aiscts and liabilities middotill sustUn going (uCvud b) Po-t lockdown1 the Company has -csumal opcntions durng middle of Ma 2020 I lowcver partial lockdolT in sornt of the states --J-ecl) impacted the logisic-$ ad other operational botlcicckt and lltio dvcndy cffcct(d ovcnil sal for the quarttt
(5) rirues for quAtter ended _ctr J unc 2019 11rc not comparnhic duc to reason lmtcd r noe 4 bubullc (6) Thlt starutoy auditors of cc Company hav canid out a limitd m-iew of the unaudited filanciRl rc1ults for tfrac12e 9ufflltlt ended 30th Jum 2020
(7) he previous quarter)=r figues han been mmnged rqrouped whenever comiltemI necessary
Place Gurugram Date 21stJul)bull 2020
yenmiddotRakeah Kaul
Whole Time Director amp CEO
-
LODHA ampCO
12 Bhagat Singh Marg New Delhi 110 001 India Telephone 91 11 23710176 23710177 23364671 2414 Fax middot 91 11 23345168 23314309E-mail delhilodhacocom
Chirtcnmiddotd Accountants
Independent Auditors Review Report on the Quarterly Unaudited Standalone Financial
Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations 2015 as amended
Review Report to
The Board of Directors
Somany Home Innovation Limited
1 We have reviewed the accompanying statement of unziudited standalone financial results
of Somany Home Innovation Limited (the Company) for the quarter ended June 30
2020 (the Statement) atl1ched herewith being submitted hy the Company pursuant lo
the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations 2015 as amended (the Listing Regulations)
2 This Statement which is the responsibility of the Companys Management and approved
by the Companys Board of Directors his been prepared in accordance with the
recognition and measurement principles laid down in Indian Accounting Standard 34
(Ind AS 34) Interim Financial Reporting prescribed under Section 133 of the Companies
Act 2013 as amended read with relevant rules issued thereunder and other accounting
principles generally accepted in India Our rtsponsihility is tu express a conclusion on the
Statement based on our review
3 We conducted our review or the Statement in accordance with the Standard on Review
Engagements (SRE) 2410 Review of Interim Financial Information Performed by the
Independent Auditor or 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 Statement is free of material misstatement 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 aware of all significant matters that might be identified
in an audit Accordingly we do not express an audit opinion
Kolkata Mumbai New Delhi Chennai Hyderabad Jaipur
4 Based on our review conducted asmiddotabove nothing has come to our attention that causesus to believe that the accompanying Statement prepared in accordance with therecognition and measurement principles laid down in the aforesaid [ndian Accounting
Standards (Ind AS) specified under Section 133 of the Companies Act 2013 as amendedread with relevant rules issued thereunder and other accounting principles generallyaccepted in India has not disclosed the information required to be disclosed in terms ofthe Listing Regulations including the manner in which it is to be disclosed or that itcontains any material misstatement
Emphasis of Matter
S The appointment and managerial remuneration ofRs 3559 lacs (including Rs 8372 lacsup to 31st March 2020 and Rsll 931 lacs till 301h June 2020) paid lo a whole lime directorof the company during the quarter is subject to approval by the shareholders in ensuingAnnual General MeetingOur conclusion is not modified in respect of the aboveinatter
Other matters
6 We draw attention to Note 4 to the Statement which explains the impact of COVID-19(Coronavirus Pandemic) on the operations of the Company and the managementassessment thereon
7 The Statement includes the financial results for the corresponding quarter ended 31st
March 2020 being the balancing figures between the audited figures of previous year inrespect of the full financial year ended 31 st March 2020 and the unaudited year-to-datefigures up to the third quarter ended 31st December 2019Our conclusion in respect of matters stated above are not modified
Place Delhi Date 2 l J
I 1- o l-0
LODHA ampCO
12 Bhagat Singh Marg New Delhi - 110 001 India Telephone 91 11 23710176 23710177 23364671 2414 Fax 91 11 233451 68 23314309 E-mail delhilodhacocom
Chartered Accountants
Independent Auditors Review Report on the Quarterly Unaudited Consolidated Financial
Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations 2015 as amended
Review Report to
The Board of Directors
Somany Home Innovation Limited
1 We have reviewed the accompanying Statement of Unaudited Consolidated Financial
Results of Somany Home Innovation Limited (the Holding Company) and its
subsidiaries (the Holding Company and its subsidiaries together referred to as the
Group) for the quarter ended June 30 2020 (the Statement) attached herewith
being submitted by the Holding Company pursuant O the requirements of Regulation
33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015
as amended (the Listing Regulations)
2 This Statement which is the responsibility of the Holding Companys Management
and approved by the Holding Companys Board of Directors has been prepared in
accordance with the recognition and measurement principles laid down in Indian
Accounting Standard 34 (Ind AS 34) Interim Financial Reporting prescribed under
Section 133 of the Companies Act 2013 as amended read with relevant rules issued
thereunder and other accounting principles generally accepted in India Our
responsibility is to express a conclusion on the Statement based on our review
3 We conducted our review of the Statement in accordance with the Standard on
Review Engagements (SRE) 2410 Review of Interim Financial Information
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 Statement is free of material
misstatement 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 aware of all significant
matters that might be identified in an audit Accordingly we do not express an audit
opinion We also performed procedures in accordance with the Circular No
CIRCFDCMDl442019 dated March 29 2019 issued by the Securities and
A 0 C
c J bull
New middot middot
3 Kolkata Mumbai New Delhi Chennai Hyderabad Jaipur
Exchange Board of lndia under Regulation 33(8) of the Listing Regulations to the
extent applicable
4 The Statement includes the results of the following subsidiaries
subsidiary companies
i) Brilloca Ltd
ii) Hindware Horne Retail (P) Ltd
iii) Luxxis Heating Solutions (P) Ltd
iv) Halis International Limited$
v) Alchemy International CooperatietuA
vi) Haas International BV
vii) QUEO Bathroom Innovations Limited
viii) Hintastica (P) Ltd
Subsidiary of So many Horne Innovation Liited
$ Subsidiary of Brilloca Ltd
Subsidiary of Halis International Limited
Subsidiary of Alchemy International Cooperatief UA
Subsidiary of Haas International BV
5 Based on our review conducted and procedures performed as stated in paragraph 3
above and based on the consideration referred to in paragraph 6 below nothing has
come to our attention that causes us to believe that the accompanying Statement
prepared in accordance with recognition and measurement principles laid down in
the aforesaid Indian Accounting Standards (Ind AS) specified under Section 133 of
the Companies Act 2013 as amended read with relevanfrules issued thereunder
and other accounting principles generally accepted in India has not disclosed the
information required to be disclosed in terms of the Listing Regulations including the
manner in which it is to be disclosed or that it contains any material misstatement
Emphasis of Matter
6 The appointment and managerial remuneration Rs 3559 lacs (including Rs 8372
lacs up to 31st March 2020 and Rs11931 lacs till 30th June 2020) paid to a wholetime
director of the holding company during the quarter is subject to approval by the
shareholders in ensuing Annual General Meeting
Our conclusion is not modified in respect of the above matter
Other matters
7 The accompanying Statement includes the unaudited interim financial results and
other financial information in respect of seven (7) subsidiaries whose unaudited
interim financial results include total revenues of Rs 35894 lacs total net profit after
tax of Rs1732 lacs and total comprehensive income ofRs1710 lacs for the quarter
ended 30th June 2020 as considered in the Statement whose interim financial results
and other financial information have not been reviewed by the respective auditors
These unaudited interim financial results and other unaudited financial information
have been furnished to us by the Management and our conclusion on the Statement
in so far as it relates to the affairs of these subsidiaries is based solely on such
unaudited interim financial results and other unaudited financial information
According to the information and explanations given to us by the Management these
interim financial results are not material to the Group Our conclusion on the
Statement in respect of this matter _
8 We draw attention to Note 4 to the Statement which explains the impact of COVID-19
(Coronavirus Pandemic) on the operations of the Company and the management
assessment thereon
9 The Statement includes the consolidated financial results for the corresponding
quarter ended 31 March 2020 being the balancing figures between the audited
figures of previous year in respect of the full financial year and the unaudited yearshy
to-date figures up to the third quarter ended 31st December 2019
Our conclusion in respect of matters stated above are not modified
ForLODHAampCO
Chartered Accountants
Partner
Membership No 85155
UDIN 20 O i tl S S rA-A A DH 9 0 J Place Delhi
Date 2 l T Ja l- 0 2 0
SOMANY HOME INNOVATION LIMITED REGD OFFICE 2 RED CROSS PLACE KOLKATA-700 001
WEBSITE WWWSHJLGROUPCOM J CIN L74999WllWl7PLC222970 ] TEL 033-224874075668 I Email INVESTORSHILGROUPCOM PART STATEMENT OF UKAUDITED CONSOLIDATED AND STkUgtAIONE FINANCIAL RESULTS FOR THE QUARTERE1ltDED lOTHJtE 2020
r----------------------------- ---- ________ C
_o_nbull
_o
_li_d_a-to-d------------c----------
i Suirdalone
Preceding S No Particulars
3 months ended 30th June 2020
Preceding I Concoponding I 3 h d d 3 months erdcd itl I 3 moitths ended mbullmr sen e ] Ye1r endcd 31st March 2020 I the prev1oua year 31 M l 2020 bull 30th Junlt 2020
l endih June ac 1
I 3 moI1 ths ended 31st March 2020
Corresponding 3 rr1onths ended in Ycir ended rhc previous year l1sc Jiarch 202V ending 30th June
l Revenue from oper1tions IJ 0 ther incomc
_lII __ JltgttllliTllt-ltliII) __ IV Epenses
i) Purchucs of tod-inbullbulltradc h) Ch2nb in icventoric of tock-in-trade ) Employct benefits expcr5e J) Finance cost e) Depreciitlm nci amorti1tion cpen f) Othr CXPl-S
2019
gt------- ----------------+--------- --------+-------+----Unaudited) (A___li_tc_d)__(U_n_a_ud_i_ltc_d)---1 (edited) (Unaudited) ___ udited) (Unaudiid)
I
18537 364SGi 37795 161313 l 4975 9UB I
il)276I 318 1187 375 2431 043 2722 fl41I
183SS 3-t_Ji ____ 3817_01--
---16_37_4_bulli ___ __ __ 50_18 118pound01 _ _ _ 10l17J
9470 28325 3799 (3959) 4233 49I i 1110 820 10-iS 1393 2757 5878
21(18 1737 5776 795 S81
6521
1HM84 (30GI) 17736 i 3Ul 4599
m4lt-I
1 s 18 93421
4f6J 2126 (3242) 1721 L15 1148 i 1 1t)2 $ Ji 1fM j 21 413 s02 I 436
1 l14 175 gt25
(Audired) 45144 29I6
mo
12621 4977 U11 21gtltl
1060S ___ _ __T_o_a_l_bullgtltPsebull reg___ --------- ------t-----
V Profit before tXClptio1111l itt1ns end tax (HI-IV) 22427 __________ 37_3_28-+ ____ l6_0427j____ ___70_9_3 _____ 10_1_0_7- _____ 1_09821_ __ _
----+-_____ s_4_2+-____ 3_3_1-17 ___ ---(2_02)_ 17531 (G65) 37368
275 VI iExceptional item VII I Profit before tax VIII Tax xpensf
a) Curr-nr tn b) Dcferrci tax charge(bcnefit
Tx expenRs (VIfI) J( Prc1it for he ptbullriod (VJJ VHI)
X Other comprcheosive lnltome (net (f tax) i) lterns that wU not be rcdassified to profit odoM -(ij) r ocome tax nhitin w iccm thl will nee be rccJaiifcci to profit ltr loss
__ __
I
(352) --
(35i2) 275
H
(1118) (257) (1118) 044 (2454) 231
m13) (120
004 033
842
59(1 (106) 284 558
middot
3317
1 31 I (825) 1006 23lli --
((l52)
0141
(2015)
(749) (749 ---
J26) ---
002)
om
1753
(185)1 (18Si 1208[
II (028)1
OlD[ i
(665)
(246) (l161 (419)
(000) (llOl) (009) (088l
0(1()
(0311) (001) fcrcnce on translbulloon of fureign operaoons OCmiddot0 _I 1prehentlive income 00 000 (018 middotI
(2463 143 2273 (1327) XI Total comprehensive income tor the period (IX+X) 558 1921 (419)1
(6l4) (6Zq)
87
873
(1404) 2488 11247 1125) XII Earnings before nterest tax dcptcclation and amormation 2S1S zs59 100 3 50 (EBITDA) [V+IV(d)-_IV(e)l _________ +-------+---+-----+--------------11------il------+----7-
1446 14 1446 1446 XJll
Paid-up equity ahare capital (face vbulllue 2- per llwe) 144 1446 Share capltid mapense accountbullbull on 30th June 2019 1446 14
XJV Odcr equity (excluding revaluation ce11C1Ve)
(339) 1339)
032 032
lli7 077
Z5976bull
320 32(1
(183) (t83)
268 268
((l58) (( 58)
l 2l l 21
1
2
3
PARTII
Segment wiff revenue bullultbull u1eu and liabllitiea
Particulat11
Segment revenue from operation bull) Cornum0lt products h) Rtu1 business_ r) Building products d) Others
e) Unal]ooited Total
Less Intc-r segment revenue Total income from operations Segment =ults Profit(+) loss(bull) (before- otnd intereat from e111ch egmrnt)
bull) Consomcr proclucrs h) Rerni1 businltagt
I c) Building produces
bull d) Othergt I TotbullI Prnfit before unallocable expcridirnc [as tJruancc cosu r css Other unaUocated experditurc net of onallocabk income Total Profit before tax Segment uaada a) Crmum1 products b) Rew business c) Building plaquowlucn
- d) Uthl5
e) Uobulll1laquoatcd Totbulll Segment liabilide a) Conetlct products b) Rlaquo1i busirnss
c) Building product d) Othcn c) UnUocatlaquol Total
3 monthbull ended 30th June 2020
(Unotuditcd)
4170 777
13390
18537
18537
(301) (685) (951) (013)
(2450) 1110 012
(3572)
28325 7040
5968
085 1 4193
992SI
19775 10384
I 44075 035 053
74322
(t ne Conoolidated
Preceding Corresponding 3 monthbull ended 3 month ended in the previous Ycarcnd-cd
3bt March 2020 year ending 30th 31st March 2020
June 2019
(Audl1ltd) (lJnauditcd) (Audited)
7160 7835 3615 l(i3 2501 9067
27423 27459 1160115
36456 middot37795 16ll13
36456 37795 161313
(061) 054 57 (41) (J64 (149()
1(3J 1966 76 75
(019) (0 19) (0Sf) 1120 16Ji 6699 820 795 J331
02 000 03
27S 842 33li
28339 193lS 283W 71172 89 36 71172
61265 5365( 612(S
08B 091 Oilgt 3407 1330 34Jr
100971 83341 100971
19328 13012 19328
10 32 11187 0732 43405 31576 434flS
025 01 025
059 019 059 73S49 55804 73549
Notes (1) The aliotc frnancial m11its 0f So11tnmiddot Home InnovHo1 Limited (-SHIL11 or Company) for the quartcr crdtd 3GthJinc 2020 haX been cc-icwcltl by th( Audit Cornm1ttcc 2nd apprmcd h) rhc Board o( Djtccmr 1t rhcJr cspcctibulle
atin held on 21 sr Jul 2020
(2) rireo for quer ended 31st Morch 2020 represcms bolancilg figwes between audncd figures fot full lnanchu yegtr and published y-r to dote figures up to 3ist uecembcr 2019
(3) The Compan) had decided tu cloc down 8 (elght) out of its O Ien) retail furniture stotltgt which sells furniture and bard furnishing item under bmnd EVOK ih= ore closwes arlt expeetcd during 2nd quomt of crlter financfal )elt and ttlatcd fmancial impact if U1)1 be ac-counttltl upon the respective dltc of c1ch ttotc closurt
(4) a) The outbltHk of COVID~ 19 Pandmic has caused global widesprebulld economic ltLsruptlom leaving unccm11ties wjrh respect to severity amp its impacr on business- which cwrcntly canoe be reasonably asceruincd Thlt Compny has up to the date of approval of fitfrac14tncial results cv-alu2ted ind factored in to the extent possible Ukdy mutcrhl events amp circumstances arising from COVID-19 pudemic d thcit imput on carrying value of hs Assets amp Uibilitks titshyat 30amp June 2020 Bad on cgtJrrent indiatonr of future economic conditions the Cornpst1y tXfHfts to rovlr c-rrying arnount ofit ASS(IS as on 30th June 2()20 Thi irnpaltt of -my fuL-JIY events amp derdoprtunts cn1irgin out lt1f COViD 19 P211dernic if ary and occuttiog aftt-x th( 1prrcw1l of fln2cici-al result for tC quarter and relaciog 10 thl AiCts amp L1alHlitksi of he Cornp2ny 3S m 30th] ln 2020 will be --Cltognlztd prnpccti1middotdy Comidtnng cu a cot nuJcmiddot1 s-cenufo 2nd companys quaJty product portfolio hnnri 1ragc 1ong-1m1nding rclawn11p amp gooclwill 1th ts LStomen riu_PJJcr and ot1rr stukchotders ComJny xpecc tlut the buiins opere1rions ish flows h1 Ln- nVcnuc aiscts and liabilities middotill sustUn going (uCvud b) Po-t lockdown1 the Company has -csumal opcntions durng middle of Ma 2020 I lowcver partial lockdolT in sornt of the states --J-ecl) impacted the logisic-$ ad other operational botlcicckt and lltio dvcndy cffcct(d ovcnil sal for the quarttt
(5) rirues for quAtter ended _ctr J unc 2019 11rc not comparnhic duc to reason lmtcd r noe 4 bubullc (6) Thlt starutoy auditors of cc Company hav canid out a limitd m-iew of the unaudited filanciRl rc1ults for tfrac12e 9ufflltlt ended 30th Jum 2020
(7) he previous quarter)=r figues han been mmnged rqrouped whenever comiltemI necessary
Place Gurugram Date 21stJul)bull 2020
yenmiddotRakeah Kaul
Whole Time Director amp CEO
-
LODHA ampCO
12 Bhagat Singh Marg New Delhi 110 001 India Telephone 91 11 23710176 23710177 23364671 2414 Fax middot 91 11 23345168 23314309E-mail delhilodhacocom
Chirtcnmiddotd Accountants
Independent Auditors Review Report on the Quarterly Unaudited Standalone Financial
Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations 2015 as amended
Review Report to
The Board of Directors
Somany Home Innovation Limited
1 We have reviewed the accompanying statement of unziudited standalone financial results
of Somany Home Innovation Limited (the Company) for the quarter ended June 30
2020 (the Statement) atl1ched herewith being submitted hy the Company pursuant lo
the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations 2015 as amended (the Listing Regulations)
2 This Statement which is the responsibility of the Companys Management and approved
by the Companys Board of Directors his been prepared in accordance with the
recognition and measurement principles laid down in Indian Accounting Standard 34
(Ind AS 34) Interim Financial Reporting prescribed under Section 133 of the Companies
Act 2013 as amended read with relevant rules issued thereunder and other accounting
principles generally accepted in India Our rtsponsihility is tu express a conclusion on the
Statement based on our review
3 We conducted our review or the Statement in accordance with the Standard on Review
Engagements (SRE) 2410 Review of Interim Financial Information Performed by the
Independent Auditor or 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 Statement is free of material misstatement 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 aware of all significant matters that might be identified
in an audit Accordingly we do not express an audit opinion
Kolkata Mumbai New Delhi Chennai Hyderabad Jaipur
4 Based on our review conducted asmiddotabove nothing has come to our attention that causesus to believe that the accompanying Statement prepared in accordance with therecognition and measurement principles laid down in the aforesaid [ndian Accounting
Standards (Ind AS) specified under Section 133 of the Companies Act 2013 as amendedread with relevant rules issued thereunder and other accounting principles generallyaccepted in India has not disclosed the information required to be disclosed in terms ofthe Listing Regulations including the manner in which it is to be disclosed or that itcontains any material misstatement
Emphasis of Matter
S The appointment and managerial remuneration ofRs 3559 lacs (including Rs 8372 lacsup to 31st March 2020 and Rsll 931 lacs till 301h June 2020) paid lo a whole lime directorof the company during the quarter is subject to approval by the shareholders in ensuingAnnual General MeetingOur conclusion is not modified in respect of the aboveinatter
Other matters
6 We draw attention to Note 4 to the Statement which explains the impact of COVID-19(Coronavirus Pandemic) on the operations of the Company and the managementassessment thereon
7 The Statement includes the financial results for the corresponding quarter ended 31st
March 2020 being the balancing figures between the audited figures of previous year inrespect of the full financial year ended 31 st March 2020 and the unaudited year-to-datefigures up to the third quarter ended 31st December 2019Our conclusion in respect of matters stated above are not modified
Place Delhi Date 2 l J
I 1- o l-0
LODHA ampCO
12 Bhagat Singh Marg New Delhi - 110 001 India Telephone 91 11 23710176 23710177 23364671 2414 Fax 91 11 233451 68 23314309 E-mail delhilodhacocom
Chartered Accountants
Independent Auditors Review Report on the Quarterly Unaudited Consolidated Financial
Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations 2015 as amended
Review Report to
The Board of Directors
Somany Home Innovation Limited
1 We have reviewed the accompanying Statement of Unaudited Consolidated Financial
Results of Somany Home Innovation Limited (the Holding Company) and its
subsidiaries (the Holding Company and its subsidiaries together referred to as the
Group) for the quarter ended June 30 2020 (the Statement) attached herewith
being submitted by the Holding Company pursuant O the requirements of Regulation
33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015
as amended (the Listing Regulations)
2 This Statement which is the responsibility of the Holding Companys Management
and approved by the Holding Companys Board of Directors has been prepared in
accordance with the recognition and measurement principles laid down in Indian
Accounting Standard 34 (Ind AS 34) Interim Financial Reporting prescribed under
Section 133 of the Companies Act 2013 as amended read with relevant rules issued
thereunder and other accounting principles generally accepted in India Our
responsibility is to express a conclusion on the Statement based on our review
3 We conducted our review of the Statement in accordance with the Standard on
Review Engagements (SRE) 2410 Review of Interim Financial Information
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 Statement is free of material
misstatement 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 aware of all significant
matters that might be identified in an audit Accordingly we do not express an audit
opinion We also performed procedures in accordance with the Circular No
CIRCFDCMDl442019 dated March 29 2019 issued by the Securities and
A 0 C
c J bull
New middot middot
3 Kolkata Mumbai New Delhi Chennai Hyderabad Jaipur
Exchange Board of lndia under Regulation 33(8) of the Listing Regulations to the
extent applicable
4 The Statement includes the results of the following subsidiaries
subsidiary companies
i) Brilloca Ltd
ii) Hindware Horne Retail (P) Ltd
iii) Luxxis Heating Solutions (P) Ltd
iv) Halis International Limited$
v) Alchemy International CooperatietuA
vi) Haas International BV
vii) QUEO Bathroom Innovations Limited
viii) Hintastica (P) Ltd
Subsidiary of So many Horne Innovation Liited
$ Subsidiary of Brilloca Ltd
Subsidiary of Halis International Limited
Subsidiary of Alchemy International Cooperatief UA
Subsidiary of Haas International BV
5 Based on our review conducted and procedures performed as stated in paragraph 3
above and based on the consideration referred to in paragraph 6 below nothing has
come to our attention that causes us to believe that the accompanying Statement
prepared in accordance with recognition and measurement principles laid down in
the aforesaid Indian Accounting Standards (Ind AS) specified under Section 133 of
the Companies Act 2013 as amended read with relevanfrules issued thereunder
and other accounting principles generally accepted in India has not disclosed the
information required to be disclosed in terms of the Listing Regulations including the
manner in which it is to be disclosed or that it contains any material misstatement
Emphasis of Matter
6 The appointment and managerial remuneration Rs 3559 lacs (including Rs 8372
lacs up to 31st March 2020 and Rs11931 lacs till 30th June 2020) paid to a wholetime
director of the holding company during the quarter is subject to approval by the
shareholders in ensuing Annual General Meeting
Our conclusion is not modified in respect of the above matter
Other matters
7 The accompanying Statement includes the unaudited interim financial results and
other financial information in respect of seven (7) subsidiaries whose unaudited
interim financial results include total revenues of Rs 35894 lacs total net profit after
tax of Rs1732 lacs and total comprehensive income ofRs1710 lacs for the quarter
ended 30th June 2020 as considered in the Statement whose interim financial results
and other financial information have not been reviewed by the respective auditors
These unaudited interim financial results and other unaudited financial information
have been furnished to us by the Management and our conclusion on the Statement
in so far as it relates to the affairs of these subsidiaries is based solely on such
unaudited interim financial results and other unaudited financial information
According to the information and explanations given to us by the Management these
interim financial results are not material to the Group Our conclusion on the
Statement in respect of this matter _
8 We draw attention to Note 4 to the Statement which explains the impact of COVID-19
(Coronavirus Pandemic) on the operations of the Company and the management
assessment thereon
9 The Statement includes the consolidated financial results for the corresponding
quarter ended 31 March 2020 being the balancing figures between the audited
figures of previous year in respect of the full financial year and the unaudited yearshy
to-date figures up to the third quarter ended 31st December 2019
Our conclusion in respect of matters stated above are not modified
ForLODHAampCO
Chartered Accountants
Partner
Membership No 85155
UDIN 20 O i tl S S rA-A A DH 9 0 J Place Delhi
Date 2 l T Ja l- 0 2 0
1
2
3
PARTII
Segment wiff revenue bullultbull u1eu and liabllitiea
Particulat11
Segment revenue from operation bull) Cornum0lt products h) Rtu1 business_ r) Building products d) Others
e) Unal]ooited Total
Less Intc-r segment revenue Total income from operations Segment =ults Profit(+) loss(bull) (before- otnd intereat from e111ch egmrnt)
bull) Consomcr proclucrs h) Rerni1 businltagt
I c) Building produces
bull d) Othergt I TotbullI Prnfit before unallocable expcridirnc [as tJruancc cosu r css Other unaUocated experditurc net of onallocabk income Total Profit before tax Segment uaada a) Crmum1 products b) Rew business c) Building plaquowlucn
- d) Uthl5
e) Uobulll1laquoatcd Totbulll Segment liabilide a) Conetlct products b) Rlaquo1i busirnss
c) Building product d) Othcn c) UnUocatlaquol Total
3 monthbull ended 30th June 2020
(Unotuditcd)
4170 777
13390
18537
18537
(301) (685) (951) (013)
(2450) 1110 012
(3572)
28325 7040
5968
085 1 4193
992SI
19775 10384
I 44075 035 053
74322
(t ne Conoolidated
Preceding Corresponding 3 monthbull ended 3 month ended in the previous Ycarcnd-cd
3bt March 2020 year ending 30th 31st March 2020
June 2019
(Audl1ltd) (lJnauditcd) (Audited)
7160 7835 3615 l(i3 2501 9067
27423 27459 1160115
36456 middot37795 16ll13
36456 37795 161313
(061) 054 57 (41) (J64 (149()
1(3J 1966 76 75
(019) (0 19) (0Sf) 1120 16Ji 6699 820 795 J331
02 000 03
27S 842 33li
28339 193lS 283W 71172 89 36 71172
61265 5365( 612(S
08B 091 Oilgt 3407 1330 34Jr
100971 83341 100971
19328 13012 19328
10 32 11187 0732 43405 31576 434flS
025 01 025
059 019 059 73S49 55804 73549
Notes (1) The aliotc frnancial m11its 0f So11tnmiddot Home InnovHo1 Limited (-SHIL11 or Company) for the quartcr crdtd 3GthJinc 2020 haX been cc-icwcltl by th( Audit Cornm1ttcc 2nd apprmcd h) rhc Board o( Djtccmr 1t rhcJr cspcctibulle
atin held on 21 sr Jul 2020
(2) rireo for quer ended 31st Morch 2020 represcms bolancilg figwes between audncd figures fot full lnanchu yegtr and published y-r to dote figures up to 3ist uecembcr 2019
(3) The Compan) had decided tu cloc down 8 (elght) out of its O Ien) retail furniture stotltgt which sells furniture and bard furnishing item under bmnd EVOK ih= ore closwes arlt expeetcd during 2nd quomt of crlter financfal )elt and ttlatcd fmancial impact if U1)1 be ac-counttltl upon the respective dltc of c1ch ttotc closurt
(4) a) The outbltHk of COVID~ 19 Pandmic has caused global widesprebulld economic ltLsruptlom leaving unccm11ties wjrh respect to severity amp its impacr on business- which cwrcntly canoe be reasonably asceruincd Thlt Compny has up to the date of approval of fitfrac14tncial results cv-alu2ted ind factored in to the extent possible Ukdy mutcrhl events amp circumstances arising from COVID-19 pudemic d thcit imput on carrying value of hs Assets amp Uibilitks titshyat 30amp June 2020 Bad on cgtJrrent indiatonr of future economic conditions the Cornpst1y tXfHfts to rovlr c-rrying arnount ofit ASS(IS as on 30th June 2()20 Thi irnpaltt of -my fuL-JIY events amp derdoprtunts cn1irgin out lt1f COViD 19 P211dernic if ary and occuttiog aftt-x th( 1prrcw1l of fln2cici-al result for tC quarter and relaciog 10 thl AiCts amp L1alHlitksi of he Cornp2ny 3S m 30th] ln 2020 will be --Cltognlztd prnpccti1middotdy Comidtnng cu a cot nuJcmiddot1 s-cenufo 2nd companys quaJty product portfolio hnnri 1ragc 1ong-1m1nding rclawn11p amp gooclwill 1th ts LStomen riu_PJJcr and ot1rr stukchotders ComJny xpecc tlut the buiins opere1rions ish flows h1 Ln- nVcnuc aiscts and liabilities middotill sustUn going (uCvud b) Po-t lockdown1 the Company has -csumal opcntions durng middle of Ma 2020 I lowcver partial lockdolT in sornt of the states --J-ecl) impacted the logisic-$ ad other operational botlcicckt and lltio dvcndy cffcct(d ovcnil sal for the quarttt
(5) rirues for quAtter ended _ctr J unc 2019 11rc not comparnhic duc to reason lmtcd r noe 4 bubullc (6) Thlt starutoy auditors of cc Company hav canid out a limitd m-iew of the unaudited filanciRl rc1ults for tfrac12e 9ufflltlt ended 30th Jum 2020
(7) he previous quarter)=r figues han been mmnged rqrouped whenever comiltemI necessary
Place Gurugram Date 21stJul)bull 2020
yenmiddotRakeah Kaul
Whole Time Director amp CEO
-
LODHA ampCO
12 Bhagat Singh Marg New Delhi 110 001 India Telephone 91 11 23710176 23710177 23364671 2414 Fax middot 91 11 23345168 23314309E-mail delhilodhacocom
Chirtcnmiddotd Accountants
Independent Auditors Review Report on the Quarterly Unaudited Standalone Financial
Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations 2015 as amended
Review Report to
The Board of Directors
Somany Home Innovation Limited
1 We have reviewed the accompanying statement of unziudited standalone financial results
of Somany Home Innovation Limited (the Company) for the quarter ended June 30
2020 (the Statement) atl1ched herewith being submitted hy the Company pursuant lo
the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations 2015 as amended (the Listing Regulations)
2 This Statement which is the responsibility of the Companys Management and approved
by the Companys Board of Directors his been prepared in accordance with the
recognition and measurement principles laid down in Indian Accounting Standard 34
(Ind AS 34) Interim Financial Reporting prescribed under Section 133 of the Companies
Act 2013 as amended read with relevant rules issued thereunder and other accounting
principles generally accepted in India Our rtsponsihility is tu express a conclusion on the
Statement based on our review
3 We conducted our review or the Statement in accordance with the Standard on Review
Engagements (SRE) 2410 Review of Interim Financial Information Performed by the
Independent Auditor or 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 Statement is free of material misstatement 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 aware of all significant matters that might be identified
in an audit Accordingly we do not express an audit opinion
Kolkata Mumbai New Delhi Chennai Hyderabad Jaipur
4 Based on our review conducted asmiddotabove nothing has come to our attention that causesus to believe that the accompanying Statement prepared in accordance with therecognition and measurement principles laid down in the aforesaid [ndian Accounting
Standards (Ind AS) specified under Section 133 of the Companies Act 2013 as amendedread with relevant rules issued thereunder and other accounting principles generallyaccepted in India has not disclosed the information required to be disclosed in terms ofthe Listing Regulations including the manner in which it is to be disclosed or that itcontains any material misstatement
Emphasis of Matter
S The appointment and managerial remuneration ofRs 3559 lacs (including Rs 8372 lacsup to 31st March 2020 and Rsll 931 lacs till 301h June 2020) paid lo a whole lime directorof the company during the quarter is subject to approval by the shareholders in ensuingAnnual General MeetingOur conclusion is not modified in respect of the aboveinatter
Other matters
6 We draw attention to Note 4 to the Statement which explains the impact of COVID-19(Coronavirus Pandemic) on the operations of the Company and the managementassessment thereon
7 The Statement includes the financial results for the corresponding quarter ended 31st
March 2020 being the balancing figures between the audited figures of previous year inrespect of the full financial year ended 31 st March 2020 and the unaudited year-to-datefigures up to the third quarter ended 31st December 2019Our conclusion in respect of matters stated above are not modified
Place Delhi Date 2 l J
I 1- o l-0
LODHA ampCO
12 Bhagat Singh Marg New Delhi - 110 001 India Telephone 91 11 23710176 23710177 23364671 2414 Fax 91 11 233451 68 23314309 E-mail delhilodhacocom
Chartered Accountants
Independent Auditors Review Report on the Quarterly Unaudited Consolidated Financial
Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations 2015 as amended
Review Report to
The Board of Directors
Somany Home Innovation Limited
1 We have reviewed the accompanying Statement of Unaudited Consolidated Financial
Results of Somany Home Innovation Limited (the Holding Company) and its
subsidiaries (the Holding Company and its subsidiaries together referred to as the
Group) for the quarter ended June 30 2020 (the Statement) attached herewith
being submitted by the Holding Company pursuant O the requirements of Regulation
33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015
as amended (the Listing Regulations)
2 This Statement which is the responsibility of the Holding Companys Management
and approved by the Holding Companys Board of Directors has been prepared in
accordance with the recognition and measurement principles laid down in Indian
Accounting Standard 34 (Ind AS 34) Interim Financial Reporting prescribed under
Section 133 of the Companies Act 2013 as amended read with relevant rules issued
thereunder and other accounting principles generally accepted in India Our
responsibility is to express a conclusion on the Statement based on our review
3 We conducted our review of the Statement in accordance with the Standard on
Review Engagements (SRE) 2410 Review of Interim Financial Information
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 Statement is free of material
misstatement 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 aware of all significant
matters that might be identified in an audit Accordingly we do not express an audit
opinion We also performed procedures in accordance with the Circular No
CIRCFDCMDl442019 dated March 29 2019 issued by the Securities and
A 0 C
c J bull
New middot middot
3 Kolkata Mumbai New Delhi Chennai Hyderabad Jaipur
Exchange Board of lndia under Regulation 33(8) of the Listing Regulations to the
extent applicable
4 The Statement includes the results of the following subsidiaries
subsidiary companies
i) Brilloca Ltd
ii) Hindware Horne Retail (P) Ltd
iii) Luxxis Heating Solutions (P) Ltd
iv) Halis International Limited$
v) Alchemy International CooperatietuA
vi) Haas International BV
vii) QUEO Bathroom Innovations Limited
viii) Hintastica (P) Ltd
Subsidiary of So many Horne Innovation Liited
$ Subsidiary of Brilloca Ltd
Subsidiary of Halis International Limited
Subsidiary of Alchemy International Cooperatief UA
Subsidiary of Haas International BV
5 Based on our review conducted and procedures performed as stated in paragraph 3
above and based on the consideration referred to in paragraph 6 below nothing has
come to our attention that causes us to believe that the accompanying Statement
prepared in accordance with recognition and measurement principles laid down in
the aforesaid Indian Accounting Standards (Ind AS) specified under Section 133 of
the Companies Act 2013 as amended read with relevanfrules issued thereunder
and other accounting principles generally accepted in India has not disclosed the
information required to be disclosed in terms of the Listing Regulations including the
manner in which it is to be disclosed or that it contains any material misstatement
Emphasis of Matter
6 The appointment and managerial remuneration Rs 3559 lacs (including Rs 8372
lacs up to 31st March 2020 and Rs11931 lacs till 30th June 2020) paid to a wholetime
director of the holding company during the quarter is subject to approval by the
shareholders in ensuing Annual General Meeting
Our conclusion is not modified in respect of the above matter
Other matters
7 The accompanying Statement includes the unaudited interim financial results and
other financial information in respect of seven (7) subsidiaries whose unaudited
interim financial results include total revenues of Rs 35894 lacs total net profit after
tax of Rs1732 lacs and total comprehensive income ofRs1710 lacs for the quarter
ended 30th June 2020 as considered in the Statement whose interim financial results
and other financial information have not been reviewed by the respective auditors
These unaudited interim financial results and other unaudited financial information
have been furnished to us by the Management and our conclusion on the Statement
in so far as it relates to the affairs of these subsidiaries is based solely on such
unaudited interim financial results and other unaudited financial information
According to the information and explanations given to us by the Management these
interim financial results are not material to the Group Our conclusion on the
Statement in respect of this matter _
8 We draw attention to Note 4 to the Statement which explains the impact of COVID-19
(Coronavirus Pandemic) on the operations of the Company and the management
assessment thereon
9 The Statement includes the consolidated financial results for the corresponding
quarter ended 31 March 2020 being the balancing figures between the audited
figures of previous year in respect of the full financial year and the unaudited yearshy
to-date figures up to the third quarter ended 31st December 2019
Our conclusion in respect of matters stated above are not modified
ForLODHAampCO
Chartered Accountants
Partner
Membership No 85155
UDIN 20 O i tl S S rA-A A DH 9 0 J Place Delhi
Date 2 l T Ja l- 0 2 0
Notes (1) The aliotc frnancial m11its 0f So11tnmiddot Home InnovHo1 Limited (-SHIL11 or Company) for the quartcr crdtd 3GthJinc 2020 haX been cc-icwcltl by th( Audit Cornm1ttcc 2nd apprmcd h) rhc Board o( Djtccmr 1t rhcJr cspcctibulle
atin held on 21 sr Jul 2020
(2) rireo for quer ended 31st Morch 2020 represcms bolancilg figwes between audncd figures fot full lnanchu yegtr and published y-r to dote figures up to 3ist uecembcr 2019
(3) The Compan) had decided tu cloc down 8 (elght) out of its O Ien) retail furniture stotltgt which sells furniture and bard furnishing item under bmnd EVOK ih= ore closwes arlt expeetcd during 2nd quomt of crlter financfal )elt and ttlatcd fmancial impact if U1)1 be ac-counttltl upon the respective dltc of c1ch ttotc closurt
(4) a) The outbltHk of COVID~ 19 Pandmic has caused global widesprebulld economic ltLsruptlom leaving unccm11ties wjrh respect to severity amp its impacr on business- which cwrcntly canoe be reasonably asceruincd Thlt Compny has up to the date of approval of fitfrac14tncial results cv-alu2ted ind factored in to the extent possible Ukdy mutcrhl events amp circumstances arising from COVID-19 pudemic d thcit imput on carrying value of hs Assets amp Uibilitks titshyat 30amp June 2020 Bad on cgtJrrent indiatonr of future economic conditions the Cornpst1y tXfHfts to rovlr c-rrying arnount ofit ASS(IS as on 30th June 2()20 Thi irnpaltt of -my fuL-JIY events amp derdoprtunts cn1irgin out lt1f COViD 19 P211dernic if ary and occuttiog aftt-x th( 1prrcw1l of fln2cici-al result for tC quarter and relaciog 10 thl AiCts amp L1alHlitksi of he Cornp2ny 3S m 30th] ln 2020 will be --Cltognlztd prnpccti1middotdy Comidtnng cu a cot nuJcmiddot1 s-cenufo 2nd companys quaJty product portfolio hnnri 1ragc 1ong-1m1nding rclawn11p amp gooclwill 1th ts LStomen riu_PJJcr and ot1rr stukchotders ComJny xpecc tlut the buiins opere1rions ish flows h1 Ln- nVcnuc aiscts and liabilities middotill sustUn going (uCvud b) Po-t lockdown1 the Company has -csumal opcntions durng middle of Ma 2020 I lowcver partial lockdolT in sornt of the states --J-ecl) impacted the logisic-$ ad other operational botlcicckt and lltio dvcndy cffcct(d ovcnil sal for the quarttt
(5) rirues for quAtter ended _ctr J unc 2019 11rc not comparnhic duc to reason lmtcd r noe 4 bubullc (6) Thlt starutoy auditors of cc Company hav canid out a limitd m-iew of the unaudited filanciRl rc1ults for tfrac12e 9ufflltlt ended 30th Jum 2020
(7) he previous quarter)=r figues han been mmnged rqrouped whenever comiltemI necessary
Place Gurugram Date 21stJul)bull 2020
yenmiddotRakeah Kaul
Whole Time Director amp CEO
-
LODHA ampCO
12 Bhagat Singh Marg New Delhi 110 001 India Telephone 91 11 23710176 23710177 23364671 2414 Fax middot 91 11 23345168 23314309E-mail delhilodhacocom
Chirtcnmiddotd Accountants
Independent Auditors Review Report on the Quarterly Unaudited Standalone Financial
Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations 2015 as amended
Review Report to
The Board of Directors
Somany Home Innovation Limited
1 We have reviewed the accompanying statement of unziudited standalone financial results
of Somany Home Innovation Limited (the Company) for the quarter ended June 30
2020 (the Statement) atl1ched herewith being submitted hy the Company pursuant lo
the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations 2015 as amended (the Listing Regulations)
2 This Statement which is the responsibility of the Companys Management and approved
by the Companys Board of Directors his been prepared in accordance with the
recognition and measurement principles laid down in Indian Accounting Standard 34
(Ind AS 34) Interim Financial Reporting prescribed under Section 133 of the Companies
Act 2013 as amended read with relevant rules issued thereunder and other accounting
principles generally accepted in India Our rtsponsihility is tu express a conclusion on the
Statement based on our review
3 We conducted our review or the Statement in accordance with the Standard on Review
Engagements (SRE) 2410 Review of Interim Financial Information Performed by the
Independent Auditor or 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 Statement is free of material misstatement 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 aware of all significant matters that might be identified
in an audit Accordingly we do not express an audit opinion
Kolkata Mumbai New Delhi Chennai Hyderabad Jaipur
4 Based on our review conducted asmiddotabove nothing has come to our attention that causesus to believe that the accompanying Statement prepared in accordance with therecognition and measurement principles laid down in the aforesaid [ndian Accounting
Standards (Ind AS) specified under Section 133 of the Companies Act 2013 as amendedread with relevant rules issued thereunder and other accounting principles generallyaccepted in India has not disclosed the information required to be disclosed in terms ofthe Listing Regulations including the manner in which it is to be disclosed or that itcontains any material misstatement
Emphasis of Matter
S The appointment and managerial remuneration ofRs 3559 lacs (including Rs 8372 lacsup to 31st March 2020 and Rsll 931 lacs till 301h June 2020) paid lo a whole lime directorof the company during the quarter is subject to approval by the shareholders in ensuingAnnual General MeetingOur conclusion is not modified in respect of the aboveinatter
Other matters
6 We draw attention to Note 4 to the Statement which explains the impact of COVID-19(Coronavirus Pandemic) on the operations of the Company and the managementassessment thereon
7 The Statement includes the financial results for the corresponding quarter ended 31st
March 2020 being the balancing figures between the audited figures of previous year inrespect of the full financial year ended 31 st March 2020 and the unaudited year-to-datefigures up to the third quarter ended 31st December 2019Our conclusion in respect of matters stated above are not modified
Place Delhi Date 2 l J
I 1- o l-0
LODHA ampCO
12 Bhagat Singh Marg New Delhi - 110 001 India Telephone 91 11 23710176 23710177 23364671 2414 Fax 91 11 233451 68 23314309 E-mail delhilodhacocom
Chartered Accountants
Independent Auditors Review Report on the Quarterly Unaudited Consolidated Financial
Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations 2015 as amended
Review Report to
The Board of Directors
Somany Home Innovation Limited
1 We have reviewed the accompanying Statement of Unaudited Consolidated Financial
Results of Somany Home Innovation Limited (the Holding Company) and its
subsidiaries (the Holding Company and its subsidiaries together referred to as the
Group) for the quarter ended June 30 2020 (the Statement) attached herewith
being submitted by the Holding Company pursuant O the requirements of Regulation
33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015
as amended (the Listing Regulations)
2 This Statement which is the responsibility of the Holding Companys Management
and approved by the Holding Companys Board of Directors has been prepared in
accordance with the recognition and measurement principles laid down in Indian
Accounting Standard 34 (Ind AS 34) Interim Financial Reporting prescribed under
Section 133 of the Companies Act 2013 as amended read with relevant rules issued
thereunder and other accounting principles generally accepted in India Our
responsibility is to express a conclusion on the Statement based on our review
3 We conducted our review of the Statement in accordance with the Standard on
Review Engagements (SRE) 2410 Review of Interim Financial Information
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 Statement is free of material
misstatement 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 aware of all significant
matters that might be identified in an audit Accordingly we do not express an audit
opinion We also performed procedures in accordance with the Circular No
CIRCFDCMDl442019 dated March 29 2019 issued by the Securities and
A 0 C
c J bull
New middot middot
3 Kolkata Mumbai New Delhi Chennai Hyderabad Jaipur
Exchange Board of lndia under Regulation 33(8) of the Listing Regulations to the
extent applicable
4 The Statement includes the results of the following subsidiaries
subsidiary companies
i) Brilloca Ltd
ii) Hindware Horne Retail (P) Ltd
iii) Luxxis Heating Solutions (P) Ltd
iv) Halis International Limited$
v) Alchemy International CooperatietuA
vi) Haas International BV
vii) QUEO Bathroom Innovations Limited
viii) Hintastica (P) Ltd
Subsidiary of So many Horne Innovation Liited
$ Subsidiary of Brilloca Ltd
Subsidiary of Halis International Limited
Subsidiary of Alchemy International Cooperatief UA
Subsidiary of Haas International BV
5 Based on our review conducted and procedures performed as stated in paragraph 3
above and based on the consideration referred to in paragraph 6 below nothing has
come to our attention that causes us to believe that the accompanying Statement
prepared in accordance with recognition and measurement principles laid down in
the aforesaid Indian Accounting Standards (Ind AS) specified under Section 133 of
the Companies Act 2013 as amended read with relevanfrules issued thereunder
and other accounting principles generally accepted in India has not disclosed the
information required to be disclosed in terms of the Listing Regulations including the
manner in which it is to be disclosed or that it contains any material misstatement
Emphasis of Matter
6 The appointment and managerial remuneration Rs 3559 lacs (including Rs 8372
lacs up to 31st March 2020 and Rs11931 lacs till 30th June 2020) paid to a wholetime
director of the holding company during the quarter is subject to approval by the
shareholders in ensuing Annual General Meeting
Our conclusion is not modified in respect of the above matter
Other matters
7 The accompanying Statement includes the unaudited interim financial results and
other financial information in respect of seven (7) subsidiaries whose unaudited
interim financial results include total revenues of Rs 35894 lacs total net profit after
tax of Rs1732 lacs and total comprehensive income ofRs1710 lacs for the quarter
ended 30th June 2020 as considered in the Statement whose interim financial results
and other financial information have not been reviewed by the respective auditors
These unaudited interim financial results and other unaudited financial information
have been furnished to us by the Management and our conclusion on the Statement
in so far as it relates to the affairs of these subsidiaries is based solely on such
unaudited interim financial results and other unaudited financial information
According to the information and explanations given to us by the Management these
interim financial results are not material to the Group Our conclusion on the
Statement in respect of this matter _
8 We draw attention to Note 4 to the Statement which explains the impact of COVID-19
(Coronavirus Pandemic) on the operations of the Company and the management
assessment thereon
9 The Statement includes the consolidated financial results for the corresponding
quarter ended 31 March 2020 being the balancing figures between the audited
figures of previous year in respect of the full financial year and the unaudited yearshy
to-date figures up to the third quarter ended 31st December 2019
Our conclusion in respect of matters stated above are not modified
ForLODHAampCO
Chartered Accountants
Partner
Membership No 85155
UDIN 20 O i tl S S rA-A A DH 9 0 J Place Delhi
Date 2 l T Ja l- 0 2 0
-
LODHA ampCO
12 Bhagat Singh Marg New Delhi 110 001 India Telephone 91 11 23710176 23710177 23364671 2414 Fax middot 91 11 23345168 23314309E-mail delhilodhacocom
Chirtcnmiddotd Accountants
Independent Auditors Review Report on the Quarterly Unaudited Standalone Financial
Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations 2015 as amended
Review Report to
The Board of Directors
Somany Home Innovation Limited
1 We have reviewed the accompanying statement of unziudited standalone financial results
of Somany Home Innovation Limited (the Company) for the quarter ended June 30
2020 (the Statement) atl1ched herewith being submitted hy the Company pursuant lo
the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations 2015 as amended (the Listing Regulations)
2 This Statement which is the responsibility of the Companys Management and approved
by the Companys Board of Directors his been prepared in accordance with the
recognition and measurement principles laid down in Indian Accounting Standard 34
(Ind AS 34) Interim Financial Reporting prescribed under Section 133 of the Companies
Act 2013 as amended read with relevant rules issued thereunder and other accounting
principles generally accepted in India Our rtsponsihility is tu express a conclusion on the
Statement based on our review
3 We conducted our review or the Statement in accordance with the Standard on Review
Engagements (SRE) 2410 Review of Interim Financial Information Performed by the
Independent Auditor or 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 Statement is free of material misstatement 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 aware of all significant matters that might be identified
in an audit Accordingly we do not express an audit opinion
Kolkata Mumbai New Delhi Chennai Hyderabad Jaipur
4 Based on our review conducted asmiddotabove nothing has come to our attention that causesus to believe that the accompanying Statement prepared in accordance with therecognition and measurement principles laid down in the aforesaid [ndian Accounting
Standards (Ind AS) specified under Section 133 of the Companies Act 2013 as amendedread with relevant rules issued thereunder and other accounting principles generallyaccepted in India has not disclosed the information required to be disclosed in terms ofthe Listing Regulations including the manner in which it is to be disclosed or that itcontains any material misstatement
Emphasis of Matter
S The appointment and managerial remuneration ofRs 3559 lacs (including Rs 8372 lacsup to 31st March 2020 and Rsll 931 lacs till 301h June 2020) paid lo a whole lime directorof the company during the quarter is subject to approval by the shareholders in ensuingAnnual General MeetingOur conclusion is not modified in respect of the aboveinatter
Other matters
6 We draw attention to Note 4 to the Statement which explains the impact of COVID-19(Coronavirus Pandemic) on the operations of the Company and the managementassessment thereon
7 The Statement includes the financial results for the corresponding quarter ended 31st
March 2020 being the balancing figures between the audited figures of previous year inrespect of the full financial year ended 31 st March 2020 and the unaudited year-to-datefigures up to the third quarter ended 31st December 2019Our conclusion in respect of matters stated above are not modified
Place Delhi Date 2 l J
I 1- o l-0
LODHA ampCO
12 Bhagat Singh Marg New Delhi - 110 001 India Telephone 91 11 23710176 23710177 23364671 2414 Fax 91 11 233451 68 23314309 E-mail delhilodhacocom
Chartered Accountants
Independent Auditors Review Report on the Quarterly Unaudited Consolidated Financial
Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations 2015 as amended
Review Report to
The Board of Directors
Somany Home Innovation Limited
1 We have reviewed the accompanying Statement of Unaudited Consolidated Financial
Results of Somany Home Innovation Limited (the Holding Company) and its
subsidiaries (the Holding Company and its subsidiaries together referred to as the
Group) for the quarter ended June 30 2020 (the Statement) attached herewith
being submitted by the Holding Company pursuant O the requirements of Regulation
33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015
as amended (the Listing Regulations)
2 This Statement which is the responsibility of the Holding Companys Management
and approved by the Holding Companys Board of Directors has been prepared in
accordance with the recognition and measurement principles laid down in Indian
Accounting Standard 34 (Ind AS 34) Interim Financial Reporting prescribed under
Section 133 of the Companies Act 2013 as amended read with relevant rules issued
thereunder and other accounting principles generally accepted in India Our
responsibility is to express a conclusion on the Statement based on our review
3 We conducted our review of the Statement in accordance with the Standard on
Review Engagements (SRE) 2410 Review of Interim Financial Information
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 Statement is free of material
misstatement 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 aware of all significant
matters that might be identified in an audit Accordingly we do not express an audit
opinion We also performed procedures in accordance with the Circular No
CIRCFDCMDl442019 dated March 29 2019 issued by the Securities and
A 0 C
c J bull
New middot middot
3 Kolkata Mumbai New Delhi Chennai Hyderabad Jaipur
Exchange Board of lndia under Regulation 33(8) of the Listing Regulations to the
extent applicable
4 The Statement includes the results of the following subsidiaries
subsidiary companies
i) Brilloca Ltd
ii) Hindware Horne Retail (P) Ltd
iii) Luxxis Heating Solutions (P) Ltd
iv) Halis International Limited$
v) Alchemy International CooperatietuA
vi) Haas International BV
vii) QUEO Bathroom Innovations Limited
viii) Hintastica (P) Ltd
Subsidiary of So many Horne Innovation Liited
$ Subsidiary of Brilloca Ltd
Subsidiary of Halis International Limited
Subsidiary of Alchemy International Cooperatief UA
Subsidiary of Haas International BV
5 Based on our review conducted and procedures performed as stated in paragraph 3
above and based on the consideration referred to in paragraph 6 below nothing has
come to our attention that causes us to believe that the accompanying Statement
prepared in accordance with recognition and measurement principles laid down in
the aforesaid Indian Accounting Standards (Ind AS) specified under Section 133 of
the Companies Act 2013 as amended read with relevanfrules issued thereunder
and other accounting principles generally accepted in India has not disclosed the
information required to be disclosed in terms of the Listing Regulations including the
manner in which it is to be disclosed or that it contains any material misstatement
Emphasis of Matter
6 The appointment and managerial remuneration Rs 3559 lacs (including Rs 8372
lacs up to 31st March 2020 and Rs11931 lacs till 30th June 2020) paid to a wholetime
director of the holding company during the quarter is subject to approval by the
shareholders in ensuing Annual General Meeting
Our conclusion is not modified in respect of the above matter
Other matters
7 The accompanying Statement includes the unaudited interim financial results and
other financial information in respect of seven (7) subsidiaries whose unaudited
interim financial results include total revenues of Rs 35894 lacs total net profit after
tax of Rs1732 lacs and total comprehensive income ofRs1710 lacs for the quarter
ended 30th June 2020 as considered in the Statement whose interim financial results
and other financial information have not been reviewed by the respective auditors
These unaudited interim financial results and other unaudited financial information
have been furnished to us by the Management and our conclusion on the Statement
in so far as it relates to the affairs of these subsidiaries is based solely on such
unaudited interim financial results and other unaudited financial information
According to the information and explanations given to us by the Management these
interim financial results are not material to the Group Our conclusion on the
Statement in respect of this matter _
8 We draw attention to Note 4 to the Statement which explains the impact of COVID-19
(Coronavirus Pandemic) on the operations of the Company and the management
assessment thereon
9 The Statement includes the consolidated financial results for the corresponding
quarter ended 31 March 2020 being the balancing figures between the audited
figures of previous year in respect of the full financial year and the unaudited yearshy
to-date figures up to the third quarter ended 31st December 2019
Our conclusion in respect of matters stated above are not modified
ForLODHAampCO
Chartered Accountants
Partner
Membership No 85155
UDIN 20 O i tl S S rA-A A DH 9 0 J Place Delhi
Date 2 l T Ja l- 0 2 0
4 Based on our review conducted asmiddotabove nothing has come to our attention that causesus to believe that the accompanying Statement prepared in accordance with therecognition and measurement principles laid down in the aforesaid [ndian Accounting
Standards (Ind AS) specified under Section 133 of the Companies Act 2013 as amendedread with relevant rules issued thereunder and other accounting principles generallyaccepted in India has not disclosed the information required to be disclosed in terms ofthe Listing Regulations including the manner in which it is to be disclosed or that itcontains any material misstatement
Emphasis of Matter
S The appointment and managerial remuneration ofRs 3559 lacs (including Rs 8372 lacsup to 31st March 2020 and Rsll 931 lacs till 301h June 2020) paid lo a whole lime directorof the company during the quarter is subject to approval by the shareholders in ensuingAnnual General MeetingOur conclusion is not modified in respect of the aboveinatter
Other matters
6 We draw attention to Note 4 to the Statement which explains the impact of COVID-19(Coronavirus Pandemic) on the operations of the Company and the managementassessment thereon
7 The Statement includes the financial results for the corresponding quarter ended 31st
March 2020 being the balancing figures between the audited figures of previous year inrespect of the full financial year ended 31 st March 2020 and the unaudited year-to-datefigures up to the third quarter ended 31st December 2019Our conclusion in respect of matters stated above are not modified
Place Delhi Date 2 l J
I 1- o l-0
LODHA ampCO
12 Bhagat Singh Marg New Delhi - 110 001 India Telephone 91 11 23710176 23710177 23364671 2414 Fax 91 11 233451 68 23314309 E-mail delhilodhacocom
Chartered Accountants
Independent Auditors Review Report on the Quarterly Unaudited Consolidated Financial
Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations 2015 as amended
Review Report to
The Board of Directors
Somany Home Innovation Limited
1 We have reviewed the accompanying Statement of Unaudited Consolidated Financial
Results of Somany Home Innovation Limited (the Holding Company) and its
subsidiaries (the Holding Company and its subsidiaries together referred to as the
Group) for the quarter ended June 30 2020 (the Statement) attached herewith
being submitted by the Holding Company pursuant O the requirements of Regulation
33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015
as amended (the Listing Regulations)
2 This Statement which is the responsibility of the Holding Companys Management
and approved by the Holding Companys Board of Directors has been prepared in
accordance with the recognition and measurement principles laid down in Indian
Accounting Standard 34 (Ind AS 34) Interim Financial Reporting prescribed under
Section 133 of the Companies Act 2013 as amended read with relevant rules issued
thereunder and other accounting principles generally accepted in India Our
responsibility is to express a conclusion on the Statement based on our review
3 We conducted our review of the Statement in accordance with the Standard on
Review Engagements (SRE) 2410 Review of Interim Financial Information
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 Statement is free of material
misstatement 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 aware of all significant
matters that might be identified in an audit Accordingly we do not express an audit
opinion We also performed procedures in accordance with the Circular No
CIRCFDCMDl442019 dated March 29 2019 issued by the Securities and
A 0 C
c J bull
New middot middot
3 Kolkata Mumbai New Delhi Chennai Hyderabad Jaipur
Exchange Board of lndia under Regulation 33(8) of the Listing Regulations to the
extent applicable
4 The Statement includes the results of the following subsidiaries
subsidiary companies
i) Brilloca Ltd
ii) Hindware Horne Retail (P) Ltd
iii) Luxxis Heating Solutions (P) Ltd
iv) Halis International Limited$
v) Alchemy International CooperatietuA
vi) Haas International BV
vii) QUEO Bathroom Innovations Limited
viii) Hintastica (P) Ltd
Subsidiary of So many Horne Innovation Liited
$ Subsidiary of Brilloca Ltd
Subsidiary of Halis International Limited
Subsidiary of Alchemy International Cooperatief UA
Subsidiary of Haas International BV
5 Based on our review conducted and procedures performed as stated in paragraph 3
above and based on the consideration referred to in paragraph 6 below nothing has
come to our attention that causes us to believe that the accompanying Statement
prepared in accordance with recognition and measurement principles laid down in
the aforesaid Indian Accounting Standards (Ind AS) specified under Section 133 of
the Companies Act 2013 as amended read with relevanfrules issued thereunder
and other accounting principles generally accepted in India has not disclosed the
information required to be disclosed in terms of the Listing Regulations including the
manner in which it is to be disclosed or that it contains any material misstatement
Emphasis of Matter
6 The appointment and managerial remuneration Rs 3559 lacs (including Rs 8372
lacs up to 31st March 2020 and Rs11931 lacs till 30th June 2020) paid to a wholetime
director of the holding company during the quarter is subject to approval by the
shareholders in ensuing Annual General Meeting
Our conclusion is not modified in respect of the above matter
Other matters
7 The accompanying Statement includes the unaudited interim financial results and
other financial information in respect of seven (7) subsidiaries whose unaudited
interim financial results include total revenues of Rs 35894 lacs total net profit after
tax of Rs1732 lacs and total comprehensive income ofRs1710 lacs for the quarter
ended 30th June 2020 as considered in the Statement whose interim financial results
and other financial information have not been reviewed by the respective auditors
These unaudited interim financial results and other unaudited financial information
have been furnished to us by the Management and our conclusion on the Statement
in so far as it relates to the affairs of these subsidiaries is based solely on such
unaudited interim financial results and other unaudited financial information
According to the information and explanations given to us by the Management these
interim financial results are not material to the Group Our conclusion on the
Statement in respect of this matter _
8 We draw attention to Note 4 to the Statement which explains the impact of COVID-19
(Coronavirus Pandemic) on the operations of the Company and the management
assessment thereon
9 The Statement includes the consolidated financial results for the corresponding
quarter ended 31 March 2020 being the balancing figures between the audited
figures of previous year in respect of the full financial year and the unaudited yearshy
to-date figures up to the third quarter ended 31st December 2019
Our conclusion in respect of matters stated above are not modified
ForLODHAampCO
Chartered Accountants
Partner
Membership No 85155
UDIN 20 O i tl S S rA-A A DH 9 0 J Place Delhi
Date 2 l T Ja l- 0 2 0
LODHA ampCO
12 Bhagat Singh Marg New Delhi - 110 001 India Telephone 91 11 23710176 23710177 23364671 2414 Fax 91 11 233451 68 23314309 E-mail delhilodhacocom
Chartered Accountants
Independent Auditors Review Report on the Quarterly Unaudited Consolidated Financial
Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations 2015 as amended
Review Report to
The Board of Directors
Somany Home Innovation Limited
1 We have reviewed the accompanying Statement of Unaudited Consolidated Financial
Results of Somany Home Innovation Limited (the Holding Company) and its
subsidiaries (the Holding Company and its subsidiaries together referred to as the
Group) for the quarter ended June 30 2020 (the Statement) attached herewith
being submitted by the Holding Company pursuant O the requirements of Regulation
33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015
as amended (the Listing Regulations)
2 This Statement which is the responsibility of the Holding Companys Management
and approved by the Holding Companys Board of Directors has been prepared in
accordance with the recognition and measurement principles laid down in Indian
Accounting Standard 34 (Ind AS 34) Interim Financial Reporting prescribed under
Section 133 of the Companies Act 2013 as amended read with relevant rules issued
thereunder and other accounting principles generally accepted in India Our
responsibility is to express a conclusion on the Statement based on our review
3 We conducted our review of the Statement in accordance with the Standard on
Review Engagements (SRE) 2410 Review of Interim Financial Information
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 Statement is free of material
misstatement 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 aware of all significant
matters that might be identified in an audit Accordingly we do not express an audit
opinion We also performed procedures in accordance with the Circular No
CIRCFDCMDl442019 dated March 29 2019 issued by the Securities and
A 0 C
c J bull
New middot middot
3 Kolkata Mumbai New Delhi Chennai Hyderabad Jaipur
Exchange Board of lndia under Regulation 33(8) of the Listing Regulations to the
extent applicable
4 The Statement includes the results of the following subsidiaries
subsidiary companies
i) Brilloca Ltd
ii) Hindware Horne Retail (P) Ltd
iii) Luxxis Heating Solutions (P) Ltd
iv) Halis International Limited$
v) Alchemy International CooperatietuA
vi) Haas International BV
vii) QUEO Bathroom Innovations Limited
viii) Hintastica (P) Ltd
Subsidiary of So many Horne Innovation Liited
$ Subsidiary of Brilloca Ltd
Subsidiary of Halis International Limited
Subsidiary of Alchemy International Cooperatief UA
Subsidiary of Haas International BV
5 Based on our review conducted and procedures performed as stated in paragraph 3
above and based on the consideration referred to in paragraph 6 below nothing has
come to our attention that causes us to believe that the accompanying Statement
prepared in accordance with recognition and measurement principles laid down in
the aforesaid Indian Accounting Standards (Ind AS) specified under Section 133 of
the Companies Act 2013 as amended read with relevanfrules issued thereunder
and other accounting principles generally accepted in India has not disclosed the
information required to be disclosed in terms of the Listing Regulations including the
manner in which it is to be disclosed or that it contains any material misstatement
Emphasis of Matter
6 The appointment and managerial remuneration Rs 3559 lacs (including Rs 8372
lacs up to 31st March 2020 and Rs11931 lacs till 30th June 2020) paid to a wholetime
director of the holding company during the quarter is subject to approval by the
shareholders in ensuing Annual General Meeting
Our conclusion is not modified in respect of the above matter
Other matters
7 The accompanying Statement includes the unaudited interim financial results and
other financial information in respect of seven (7) subsidiaries whose unaudited
interim financial results include total revenues of Rs 35894 lacs total net profit after
tax of Rs1732 lacs and total comprehensive income ofRs1710 lacs for the quarter
ended 30th June 2020 as considered in the Statement whose interim financial results
and other financial information have not been reviewed by the respective auditors
These unaudited interim financial results and other unaudited financial information
have been furnished to us by the Management and our conclusion on the Statement
in so far as it relates to the affairs of these subsidiaries is based solely on such
unaudited interim financial results and other unaudited financial information
According to the information and explanations given to us by the Management these
interim financial results are not material to the Group Our conclusion on the
Statement in respect of this matter _
8 We draw attention to Note 4 to the Statement which explains the impact of COVID-19
(Coronavirus Pandemic) on the operations of the Company and the management
assessment thereon
9 The Statement includes the consolidated financial results for the corresponding
quarter ended 31 March 2020 being the balancing figures between the audited
figures of previous year in respect of the full financial year and the unaudited yearshy
to-date figures up to the third quarter ended 31st December 2019
Our conclusion in respect of matters stated above are not modified
ForLODHAampCO
Chartered Accountants
Partner
Membership No 85155
UDIN 20 O i tl S S rA-A A DH 9 0 J Place Delhi
Date 2 l T Ja l- 0 2 0
Exchange Board of lndia under Regulation 33(8) of the Listing Regulations to the
extent applicable
4 The Statement includes the results of the following subsidiaries
subsidiary companies
i) Brilloca Ltd
ii) Hindware Horne Retail (P) Ltd
iii) Luxxis Heating Solutions (P) Ltd
iv) Halis International Limited$
v) Alchemy International CooperatietuA
vi) Haas International BV
vii) QUEO Bathroom Innovations Limited
viii) Hintastica (P) Ltd
Subsidiary of So many Horne Innovation Liited
$ Subsidiary of Brilloca Ltd
Subsidiary of Halis International Limited
Subsidiary of Alchemy International Cooperatief UA
Subsidiary of Haas International BV
5 Based on our review conducted and procedures performed as stated in paragraph 3
above and based on the consideration referred to in paragraph 6 below nothing has
come to our attention that causes us to believe that the accompanying Statement
prepared in accordance with recognition and measurement principles laid down in
the aforesaid Indian Accounting Standards (Ind AS) specified under Section 133 of
the Companies Act 2013 as amended read with relevanfrules issued thereunder
and other accounting principles generally accepted in India has not disclosed the
information required to be disclosed in terms of the Listing Regulations including the
manner in which it is to be disclosed or that it contains any material misstatement
Emphasis of Matter
6 The appointment and managerial remuneration Rs 3559 lacs (including Rs 8372
lacs up to 31st March 2020 and Rs11931 lacs till 30th June 2020) paid to a wholetime
director of the holding company during the quarter is subject to approval by the
shareholders in ensuing Annual General Meeting
Our conclusion is not modified in respect of the above matter
Other matters
7 The accompanying Statement includes the unaudited interim financial results and
other financial information in respect of seven (7) subsidiaries whose unaudited
interim financial results include total revenues of Rs 35894 lacs total net profit after
tax of Rs1732 lacs and total comprehensive income ofRs1710 lacs for the quarter
ended 30th June 2020 as considered in the Statement whose interim financial results
and other financial information have not been reviewed by the respective auditors
These unaudited interim financial results and other unaudited financial information
have been furnished to us by the Management and our conclusion on the Statement
in so far as it relates to the affairs of these subsidiaries is based solely on such
unaudited interim financial results and other unaudited financial information
According to the information and explanations given to us by the Management these
interim financial results are not material to the Group Our conclusion on the
Statement in respect of this matter _
8 We draw attention to Note 4 to the Statement which explains the impact of COVID-19
(Coronavirus Pandemic) on the operations of the Company and the management
assessment thereon
9 The Statement includes the consolidated financial results for the corresponding
quarter ended 31 March 2020 being the balancing figures between the audited
figures of previous year in respect of the full financial year and the unaudited yearshy
to-date figures up to the third quarter ended 31st December 2019
Our conclusion in respect of matters stated above are not modified
ForLODHAampCO
Chartered Accountants
Partner
Membership No 85155
UDIN 20 O i tl S S rA-A A DH 9 0 J Place Delhi
Date 2 l T Ja l- 0 2 0
Other matters
7 The accompanying Statement includes the unaudited interim financial results and
other financial information in respect of seven (7) subsidiaries whose unaudited
interim financial results include total revenues of Rs 35894 lacs total net profit after
tax of Rs1732 lacs and total comprehensive income ofRs1710 lacs for the quarter
ended 30th June 2020 as considered in the Statement whose interim financial results
and other financial information have not been reviewed by the respective auditors
These unaudited interim financial results and other unaudited financial information
have been furnished to us by the Management and our conclusion on the Statement
in so far as it relates to the affairs of these subsidiaries is based solely on such
unaudited interim financial results and other unaudited financial information
According to the information and explanations given to us by the Management these
interim financial results are not material to the Group Our conclusion on the
Statement in respect of this matter _
8 We draw attention to Note 4 to the Statement which explains the impact of COVID-19
(Coronavirus Pandemic) on the operations of the Company and the management
assessment thereon
9 The Statement includes the consolidated financial results for the corresponding
quarter ended 31 March 2020 being the balancing figures between the audited
figures of previous year in respect of the full financial year and the unaudited yearshy
to-date figures up to the third quarter ended 31st December 2019
Our conclusion in respect of matters stated above are not modified
ForLODHAampCO
Chartered Accountants
Partner
Membership No 85155
UDIN 20 O i tl S S rA-A A DH 9 0 J Place Delhi
Date 2 l T Ja l- 0 2 0
