talbTalbros Automotive

Components Ltd.

29th June, 2020

The Bombay Stock Exchange Ltd. The National Stock Exchange of India Ltd.Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1,Dalai Street, Fort G Block, Bandra Kuria Complex,Mumbai — 400 001 Bandra (East), Mumbai — 400 051Scrip Code - 505160 Company Code - TALBROAUTO

Sub: Outcome of Board Meeting and Audited Financial Results for the financial yearended 31st March, 2020.

Dear Sir/ Madam,

Pursuant to the provisions Regulation 33 read with Regulation 30 and Part A of Schedule Ill tothe Securities and Exchange Board of India (Listing Obligation & Disclosure Requirements)Regulations, 2015 we wish to inform you that the Board of Directors at its meeting held todayi.e. on 29th June, 2020 has approved:

1. The Audited financial results for the quarter and financial year ended 31st March,2020.

The audited standalone and consolidated results for the quarter and financial year ended 3

March, 2020 and audited standalone and consolidated Statement of Assets and Liabilities as at

that date along with the unmodified Audit Report of M/s J C Bhalla & Co., CharteredAccountants, the Statutory Auditors of the Company.

Also enclosed is a declaration in compliance with Regulation 33(3) (d) of SEBI (ListingObligations and Disclosure Requirements) Regulations, 2015 towards auditor's report withunmodified opinion in respect of the standalone and consolidated financial results for thefinancial year ended 31st March, 2020, duly signed by the Chief Financial Officer of theCompany.

In view of the Covid-19 pandemic, SEBI has vide Circular SEBI/HO/CFD/CMD1/CIR/P/2020/79dated 12th May, 2020 has granted exemption from newspaper publications for all events scheduledtill 30th June, 2020. Accordingly, the financial results would not be published in the newspapers.

The full format of the financial results for the quarter/ year ended 3 l st March, 2020 shall beavailable on the website of the Stock exchanges where equity shares of the Company are listed i.e.www.nseindia.com and www.bseindia.com and on Company's website www.talbros.com.

2. The 63rd Annual General Meeting of the Company will be held on Friday, 25" September,2020.

regd. Office: 14/1 mathura road, faridabad-121003 haryana, India . ph: +91 129 2275434/35/36137. fax: +91 129 2277240, 2272263 . e-mail: talbrosatalbros.comCIN :129199HR1956PLG033107

3. Recommendation of Dividend

Pursuant to Regulation 30 and 43 of the SEB1 (LODR) Regulations, 2015, we wish to inform youthat the Board of Directors of the Company at its meeting held today have recommended paymentof dividend @5% on equity shares of Rs. 10/- each @ Rs. 0.50 per equity share aggregating toRs. 61,72,815/- for the financial year ended 31st March, 2020 on the entire share capital of12345630 shares.

The dividend, if approved by the shareholders will be paid on or before 25th October, 2020.

The meeting of the Board of Directors commenced at 12:30 p.m. and concluded at 4.30 p.m.

This is for your kind information and necessary records.

Thanking you,

Yours SincerelyFor Talbros Automotive Components Limited

Seema Na rangCompany Secretary

End: As above

J. C. BHALLA & CO.CHARTERED ACCOUNTANTS

BRANCH OFFICE = 8-5, SECTOR-6, NOIDA - 201 301 (UP.)TEL • +91 - 120 - 4241WO, FAX : +91-120-4241007

E-MAIL : taxaidgebrollacom

Independent Auditor's Report on Audited Standalone Quarterly and yearto date Financial Results of Talbros Automotive Components LimitedPursuant to the Regulation 33 of the SEBI (Listing Obligations andDisclosure Requirements) Regulations, 2015 (As amended).

INDEPENDENT AUDITORS' REPORT

To the Board of Directors of Talbros Automotive Components Limited

Report on the audit of the Standalone Financial Results

Opinion

We have audited the accompanying Standalone Financial Results of TalbrosAutomotive Components Limited (the Company') for the quarter and year ended31st March, 2020 ('the Statement), attached herewith, being submitted by theCompany pursuant to the requirements of Regulation 33 of the SEBI (ListingObligations and Disclosure Requirements) Regulations, 2015 (as amended)(Listing Regulations).

In our opinion and to the best of our information and according to the explanationsgiven to us, the aforesaid Statement:

(i) are presented in accordance with the requirements of Regulation 33 of theListing Regulations, and

gives a true and fair view in conformity with the applicable Indian AccountingStandards (Ind AS') prescribed under Section 133 of the Companies Act, 2013(the Act), read with relevant rules issued thereunder, and other accountingprinciples generally accepted in India, of the standalone net profit after taxand other comprehensive income and other financial information of theCompany for the quarter and year ended 3151, March, 2020.

Basis for Opinion

We conducted our audit in accordance with the standards on Auditing (SAs)specified under section 143(10) of the Act. Our responsibilities under thosestandards are further described in the Auditor's Responsibilities for the Audit ofthe Standalone Financial Results section of our report. We are independent ofthe Company in accordance with the Code of Ethics issued by the Institute ofChartered Accountants of India ('the ICAT) together with the ethical requirementsthat are relevant to our audit of the financial statements under the provisions ofthe Act and the Rules thereunder, and we have fulfilled our other ethical

responsibilities in accordance with these requirements and the Code of Ethics.

HEAD OFFICE : B-17, Maharani Bagh, New Delhi - 110065

We believe that the audit evidence obtained by us is sufficient and appropriate toprovide a basis for our opinion.

Managements' Responsibilities for the Standalone Financial Results

This StaAement has been prepared on the basis of the standalone annual auditedfinancial statements and has been approved by the Company's Board of Directors.The Company's Board of Directors is responsible for the preparation andpresentation of the Statement that gives a true and fair view of the net profitand other comprehensive income and other financial information of theCompany in accordance with the Indian Accounting Standards prescribed underSection 133 of the Act, read with relevant rules issued thereunder and other

accounting principles generally accepted in India, and in compliance withRegulation 33 of the Listing Regulations. This responsibility also includesmaintenance of adequate accounting records in accordance with the provisionsof the Act for safeguarding of the assets of the Company and for preventing anddetecting frauds and other irregularities; selection and application of appropriateaccounting policies; making judgments and estimates that are reasonable andprudent; and design, implementation and maintenance of adequate internalfinancial controls that were operating effectively for ensuring the accuracy andcompleteness of the accounting records, relevant to the preparation andpresentation of the Statement that gives a true and fair view and is free frommaterial misstatement, whether due to fraud or error.

In preparing the Statement, the Board of Directors is responsible for assessing theCompany's ability to continue as a going concern, disclosing, as applicable, mattersrelated to going concern, and using the going concern basis of accounting unlessthe Board of Directors either intends to liquidate the Company or to ceaseoperations, or has no realistic alternative but to do so.

The Board of Directors is also responsible for overseeing the Company's financialreporting process.

Auditor's Responsibilities for the Audit of the Standalone Financial Results

Our objectives are to obtain reasonable assurance about whether the Statementas a whole is free from material misstatement, whether due to fraud or error, and

to issue an auditor's report that includes our opinion. Reasonable assurance is ahigh level of assurance but is not a guarantee that an audit conducted inaccordance with SAs, will always detect a material misstatement when itexists. Misstatements can arise from fraud or error and are considered material if,

individually or in the aggregate, they could reasonably be expected to influence theeconomic decisions of users taken on the basis of this Statement.

As partf an audit in accordance with the SAs, we exercise professional judgmentand maintain professional skepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the Statement,whether due to fraud or error, design and perform audit procedures responsiveto those risks, and obtain audit evidence that is sufficient and appropriate toprovide a basis for our opinion. The risk of not detecting a material misstatementresulting from fraud is higher than for one resulting from error, as fraud mayinvolve collusion, forgery, intentional omissions, misrepresentations, or theoverride of internal control.

• Obtain an understanding of internal control relevant to the audit in order todesign audit procedures that are appropriate in the circumstances. UnderSection 143(3) (i) of the Act, we are also responsible for expressing our opinion onwhether the Company has in place adequate internal financial controls withreference to financial statements and the operating effectiveness of such controls.

• Evaluate the appropriateness of accounting policies used and thereasonableness of accounting estimates and related disclosures made bythe Board of Directors.

• Conclude on the appropriateness of the Board of Director's use of thegoing concern basis of accounting and, based on the audit evidenceobtained, whether a material uncertainty exists related to events orconditions that may cast significant doubt on the Company's ability tocontinue as a going concern. If we conclude that a material uncertaintyexists, we are required to draw attention in our auditor's report to the relateddisclosures in the Statement or, if such disclosures are inadequate, to modifyour opinion. Our conclusions are based on the audit evidence obtained upto the date of our auditor's report However, future events or conditions maycause the Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the Statement,including the disclosures, and whether the Statement represents theunderlying transactions and events in a manner that achieves fairpresentation.

We communicate with those charged with governance regarding, amongother matters, the planned scope and timing of the audit and significantaudit findings, including any significant deficiencies in internal control that weidentify during our audit.

We also provide those charged with governance with a statement that wehave complied with relevant ethical requirements regarding independence,and to communicate with them all relationships and other matters that may

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reasonably be thought to bear on our independence, and where applicable,related safeguards.

The Statement includes the financial results for the quarter ended 31st March,2020, being the balancing figures between the audited figures in respectof the full financial year and the published unaudited year-to-date figuresup to the third quarter of the current financial year, which were subjected tolimited review by us.

For JC Bhalla & Co.Chartered Accountants

Firm Regn No. 00111IN

AKHIL Digitally signedby AKHIL BHALLABHALLA D1 6a:t0e1: :210721%05320?

(Akhil Bhalla)Partner

Membership No. 505002UDIN: 20505002AAAAGN6231

Place: New Delhi

Date : June 29, 2020

14,Laqos: AUTOMOTIVE COMPONENTS LIMITEDCiHL.:111991-1P -r05SPL.t.-1C-43117

P..52-A1 :J9FiCE • 141 DELHI MATMURA ROAD.FcrR. iDADAD-121 00 ain4PNA .

Tel No 072?-7251402

:aWk1010,03 tt.Tr Emnd sevt,n...nnrang.giainmsjo

STATEMENT OF SYANVALONE AMIED FINANCIAL RESULTS AOR THE QUARTER AND YEAR ENDED filtARD,. 31, 2020

I Re in face}

SIsndaione

Quarter ended 1OF auded

Ne Farticu LW'S 1.61.0h20 31-Dec •19 IIMISMINICEMIEWEEZZIna6Im4 Audited

mom

Reveriee from operations 1116301 9 542.78 10.523 82 20 .341 j 40 284 70201.34 196 04 1113 79 01,341 • • '14 531O'r bthet matneTout income 9.06515 9,729.02 11.307 42 20,340.40 , .173 30

4 xperesesC1c-s1 et mats:sae. consumed .71,1 37 •:•4' 52 5 346 04 ,}!.} ••••-•

Per.Thase 01Siezk-in-rada 2'. 53 5760 34 :7,3

tri17..1ranqee invertc,are 7f1in4he.: g.sokn. III 329r and .267 231 2'1 20

EsWoyee tenelns eenee 1 35.7 40 1 355 77 1 33.3

le: Finance teala 3'77.86 42156 "2,33 • 55 6:3.2•3

Depiece4tton arid arnbri.isa:,vs exoefure 505.40 43513 403 77 1.917.03 1 '1,90 12

rgi Other expenses .2ii4 47 2,241 79 2 31 04 7115 0.25501

'Total exPetses 9.243.27 5.457.50 10.416.06 12.32256 ,535.71

(Profit tatore exe.eptional Fiertn ana 111K (1-2} 321.00 282.62 57008 1007.95 2,04.359

:Excep 03, devis 213 40

fore tax 0.46.) (0-1 .82) 202-. 02 070.56 53413 Z943.59

• i...".1urre n1 tax 700 76 592.7

bi Deferred tay. 4.71

.0.19•!

I.736a1ta-,b0c1 65.02 •:32.26. 176.02

IN*1 profit k too perioagyaur (5-04 217 sd 5o6.12 671,00 31675?

e Other comprehensive Pr.,CgMC11101100111121v,,rt no• de reassrtec tu pi at,I 2010 032 1596 i.ic,"r 223.60 1.345311 1625 391

,t income (sx rfatr.fi (,),a,bs rr,Y. assA :n prdtill and (DIV 143 47 ,.52:(4} :21 61 ;516 ; 151 52

Tall1( other dompresheissiva income (456 021 171.06 (47.211 (1.033.6411 074.871

S 17041 ornpni-fensWe income inr I;ierk5e (7,81 (471.671 30816 452.91 fael del( 1,092 70

15 :Paid op eduriy share capitai (face ..ait.fe of Re. 10 per share) 1,234.56 1234.69 123456 1.234.66 1 1.234,58

lEammes per edutty share {tate sokie of Re 10 per share) C1101 dile uall1900111.1111.1131 111i I 30 11 Dfi 0441 Ere

rifs 10 1 30. 1 76 i.:}5 5 44 '7 561

t tnabove standotene futsur:Tal. reau56]save t]en reaessad 5,11312 Awd COMM elee anti 0ppraa04 tv the e$:.5 C1 Drecters id Els meeting no1d Or: 2020

ard u313b12 33 (32 Stalacry A:Amor of me Company.

2 1e 656fc.-- 2520, ev• 'Arend Head's 0' 330101311011000(6102 Caronetpn.rs t011o hepandemte. and 470r114}110e11314 on March 24 23120 tne Governnerl. 01f22e0r4erati a nationsekby iurcliddyen vvii,ch get extended .ripue4eS. QUI/XNak 111 0001019 pandemic rn 111012 1320 0931310 5,211600( ".1,S/11124032 ana01201130111 051 OCan.n.,,}c actinxtics The Company's hi:apneas eperarions have been slnilicantry impacted by way of interruption 21 ohs:leo:ems supply Cvain e131The company wiS 2011213,10 10 iedsely inrxeler IllSSMJ31iCfr on ehy iliaferier d32ncia5 i*IViture economk; conditions ty(eieg may 2020. ine company has resumed15 bsisinkiss aclivities no phased manner III 1010 wen cbr00110e5 rasued by tf=e central and slate government

3 The32 sanpaInne fnermat result9 or prepared In aTorIEEVZe with 1101 i•eceerrtron an4 memrement principles 01 Friniri A417..1ur31,ng Stanoards ns naltf,ed unapttoo Convents (indan Arzokinunty Stara/ands) Rules 2015 90 Seatrhed ft! 5eclen 173 371(15 Companies A . 2013

4 Elective t 139111 2010 the CornPSny enOnlen Ind AS 116 tesses- applied to ael contracts nav,ng lease ,ompoe,eins ,e4:sting 001 1 1391:1 2110 usog the mothfienretrtspeme metiod Acco:dingly. the Company has 10121 restatea 000rr1pa1-211e0 seeeratron The Company r's55 meeaured The lease kabidty al preseol 0211.p0 31ref:laming 0050 payments tlt3.7.0:441P.1 using ihe ncrernental borrolsol raie es eie date of 03633 aapkation end 9101 0/ Use asset is 015e5u1e6' et an amountequWlb eJese iiebeity adv.:Med by the amrsint of any 3103211 or accrued 1eilae d3211Ie01I4 10441:019 12 111011 Pza&0 1e1103010e1 the 0221109 01001 menethmehrbefore Ine dale 31 0111312931321131

s PrIE with the provisions al mei AC 1115 03.4811n0 Cie*nerr3 ane on the 75sl3llw'nooe0101 ,5c..etes,x-rs deing dere by the seller management the operalrens 1101310 Dernparry tall under Auks Corecnenis 3 Parts business. which is 02114:30102 te 110 !re 01'4 'eeceiatfe segma:11 by tne merlegerneot

2 CnriN use 3000121 and yea: e011100 31 March 2020. ete 34(119005 213100 Iv(' Sankt'. Visnrr.E.s V-eriacy Dispute Renotunen; 30110360 13 stele an oily Ding lagaidicthite emtt ttes CersnaF Exerse papecnnera Idy writh the appeal *Bs penning 31 36131137 Imre/ The Corneary nas put atetal amount IHR 2 •. 3 80 lakesPacruding MIR S dams 9013 uror piriv-st 01 evierar yeaq 1 1019931 101 l3r seine has beee cisosased udder Ilse head 01 Exteptional :lents

Re, in lace)AR Se

IIIMPArileuiarS 3 -29

ASSETS:

14m-current assets

Pr00011Y. Plant and equavrient 14.922.97 13.971.69

Capital we* in $ io.pus. 8021 644.16

r,de,..it,ent n'oi,e'ry .202.10 ...wa.ss

Intang Ole assets 131.17 111 83

Intarcrble assets Lin. dot development 18.50 185(7

Finanoal assets

lewcfarnen1.5 3.282.00 4617.39

Loans 151.44 121.5a

04sa financial assets 13 37 25.99

Current tax assets ft4elh 239.41

Other non.a.irren1 a SSeiS 362.65 449.39

hTief non...errant assets 19,493.90 20269.11

Current assets

invenlones 10,794.64 11,05229

F inancial assets

Trade teeeivables 12,517.07 13,528.20Cast and cosh eouwaleras 370.94 731.84

Other nwth. balances 391.07 69221Leans 567.87 566/8Other financial assets 143.311 73.96

Other Givens assets 1,704.111 1.892.30

Total elirlOrlt assets 26.489.60 28,037.58

Total assets 45,983.50 48.306.69

eoun-y AND LiABILIT1ES:Equity

Ecrxty share WPII.12, 1.734 56 1,234 56

Other ectiety. 16,555_51 17,185,06total equity 17,700.91 10,414.62

Non-ciatent liabilKies

Finantsa! itabilaies

501. 7naingS 2,010 71 2523.45Oeier financial I-obi-Ran 31 79 13.15

P,Ovt:Arns 312.22 359.30

Deterred lax eatxtities (net; 290.96 270.89Other non-cureeni Sab,fifies 66.44 97,97

Total non-current liabilities 2,712.02 3,264,76

Currant liabilities

F,na,,,aihahol.hes

riorrowintgs 12,11146 11,233 73Trade payables(a) Total euts1a Ming dues ot mem enterpnses ond snual ortierenses 97.61 132.19

(b) -NW outstanding dues of credilors other than micro sigs6nrisisis and small enterwsns 10.462.41 11.594.7.0Other 6nant,a1 tabdites 24740.47 2:683.76

Other current naml,liss 88101 572.92Prrnavore 86 30 148.70

Current tag liatglittes (net) 250 81Total currant liabitilies 25,481.41 26.622.31

Total ew,tity and liabilnina 45,98150 48,306.69

S Cash Flow Statement - Standalone

F latsYear ende 'tsar ended31-Mar-23

A. CASH FLOW FROM OPERATING ACTIVITIES

Profit heflre liD 53415 2,943.59

Adjustments for:tri amPerti- p1511 afici aquiPfnali irveSlirriere p,:ipeny aro infer: his sets 191705 I 250.12

atm On sa*- of property dart:and trhapthere met 525Th 'IA C19

interest mon* 117.1 141 i10.1 -141

GNidand income r25069; ;40349 1

Allowan:* for Or.ibtlui pants fifth 103 02 212 05

1j1re9i440 foreign F.:charge Char d4571 (4094

Advances :inner, off 7245 58 06

PreViSal$ neldrIger redirre1 • -r tan; t '940' i55 56

;mance costs I 010.24 I 502 53

Operating profit before working capital n i s 3958.27 5.818.31

Movement in working capitalCnange in in.nefeane; 25765 02743,

C•;lange In Trade rii?..CENStACS .ot 11141t4 iffld rion-fulancial assets tas 53 175363'

Cean3e ii Trails payable sthel firlanc•V and ,van grem-ei liab•liiies it $16.69) 0810 151

Cash generated frond (used in; operating activities poet working capital changes 3.899.08 2117.19

11,..nme Ili pale 'nes:, 292 451 :478 50,

Net cash generated kornittised ml operating activities (Al 3,700 81 1.838.00

B. CASH FLOWS FROM INVESTING ACTrViTIES

8.-rtriase of Property, plant an equipment (Man no capital woe-in-progress ant intang,tves Lander otheloo (2288 4-3i 14 192 911

Proceeds from Saie of pntparl v. pant and eigiadinent 17756 140 62

Proceeds Scan $aie Of in vesltmeniS 1.1020

mow:niers 510111W bar* balenceS 270 62 r 243 641

Chvicend receved 25458 4931';

.morest rscested 1342' 0303

alsf cash itransrated hatadused in) investing t,v11iss 8I 0.455130 (3,553.21)

C CASH FLOWS F RO lin FINANCING ACTIVITIES

rocaso tom borrowings 131354 530052

Repayment ot borrowings 0.91-5 212. 11.704 15

nerners towarns lase tint, Odic :5 f Ii 42:,

DEVI0en1 f.)..114 nel tincluding tav! l220

interest paid 0 .65Z 15. 11 54B,S11?

Net cash generated fromdused in) financing activitles (C) (2105.51) 1.825.03

.ncreaf,t catth end casr egJi,zierue 139 111 1E9 5E;

CZ-6n 1911 CeSn equiv?.. er'1-5. 11111e neginn.114 Of the year 231 $4 321 42

Cash an cash equivalents at the end of the_year 378.94 231 84

9 The figures for ine wane: enthad March 31 2020 and 2019 are the balestcrng figures between the auoqed figares reaped l of the tvveive Mere* errled Or; thatdate anl imaodlted published year to dale figure uplhi the ihrrd quarter of fr.arciat year 2019-20 and 201919 respettlyvly

PO, TaibrOS Au1no e COMpOnente Limita

Urn

Virt, Chairvia 6 M•emaging QffactcrDIN 00059201

Clele June 29 2020

Theca Gurgaon

J. C. BHALLA & CO.CHARTERED ACCOUNTANTS

- -

BRANCH OFFICE B-5, SECTOR-6, NOMA -201 301 (UP.)TEL. • +91 - 120 - 4241000, FAX : +91-120-4241007

E-MAIL _ taxaid@jcbhalla.com

Independent Auditor's Report on Audited Consolidated Quarterly and yearto date Financial Results of Talbros Automotive Components Limited Pursuantto the Regulation 33 of the SEBI (Listing Obligations and DisclosureRequirements) Regulations, 2015 (As amended).

INDEPENDENT AUDITORS' REPORT

to the Board of Directors of Talbros Automotive Components Limited

Report on the Audit of Consolidated Financial Results

Opinion

We have audited the accompanying Consolidated Financial Results of TalbrosAutomotive Components Limited (hereinafter referred to as "the Company") andits jointly controlled entities for the quarter and year ended 316t March, 2020 ('theStatement'), attached herewith, being submitted by the Company pursuant to therequirement of Regulation 33 of the SEBI (Listing Obligations and DisclosureRequirements) Regulations, 2015, as amended ('Listing Regulations').

In our opinion and to the best of our information and according to the explanationsgiven to us and based on the consideration of reports of other auditors on separateaudited financial statements of the jointly controlled entities, the aforesaid Statement:

i. include the annual financial results of the following entities:

Joint Ventures:(i) Nippon Leakless Talbros Private Limited(ii) Magneti Morelli Talbros Chassis Systems Private Limited(iii) Talbros Marugo Rubber Private Limited

are presented in accordance with the requirements of Regulation 33 of theListing Regulations in this regard; and

gives a true and fair view in conformity with the applicable Indian AccountingStandards (Ind AS') prescribed under Section 133 of the Companies Act, 2013('the Ace), read with relevant rules issued thereunder, and other accountingprinciples generally accepted in India, of the consolidated net profit after taxand other comprehensive income and other financial information of theCompany and its jointly controlled entities for the quarter and yearended 31st March, 2020.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specifiedunder section 143(10) of the Companies Act, 2013 ("Act"). Our responsibilities underthose Standards are further described in the Auditor's Responsibilities for the Audit ofthe Consolidated Financial Results section of our report. We are independent of the

));Th"i0Z-Ot.

HEAD OFFICE : 8-17, Maharani Bagh, New Delhi - 110065

Company and its jointly controlled entities in accordance with the Code of Ethicsissued by the Institute of Chartered Accountants of India ('the ICAP) together with theethical requirements that are relevant to our audit of the financial statements under theprovisions of the Act and the Rules thereunder, and we have fulfilled our other ethicalresponsibilities in accordance with these requirements and the Code of Ethics. Webelieve that the audit evidence obtained by us and other auditors in terms of theirreports referred to in "Other Matter" paragraph below, is sufficient and appropriate toprovide a basis for our opinion.

Managements' Responsibilities for the Consolidated Financial Results

This Statement has been prepared on the basis of the consolidated annual financialstatements and has been approved by the Company's Board of Directors. TheCompany's Board of Directors are responsible for the preparation and presentation ofthese consolidated financial results that give a true and fair view of the net profit andother comprehensive income and other financial information of the Company and itsjointly controlled entities in accordance with the Indian Accounting Standards prescribedunder Section 133 of the Act read with relevant rules issued thereunder and other

accounting principles generally accepted in India and in compliance with Regulation33 of the Listing Regulations. The respective Board of Directors of the Company and itsjointly controlled entities are responsible for maintenance of adequate accountingrecords in accordance with the provisions of the Act for safeguarding of the assets of theCompany and its jointly controlled entities and for preventing and detecting frauds andother irregularities; selection and application of appropriate accounting policies; makingjudgments and estimates that are reasonable and prudent; and the design,implementation and maintenance of adequate internal financial controls, that wereoperating effectively for ensuring accuracy and completeness of the accountingrecords, relevant to the preparation and presentation of the Statement that give a trueand fair view and are free from material misstatement, whether due to fraud or error.

In preparing the Statement, the respective Board of Directors of the Company andits jointly controlled entities are responsible for assessing the ability of the Companyand its jointly controlled entities to continue as a going concern, disclosing, asapplicable, matters related to going concern and using the going concern basis ofaccounting unless the respective Board of Directors either intends to liquidate theCompany and its jointly controlled entities or to cease operations, or has no realisticalternative but to do so.

The respective Board of Directors of the Company and its jointly controlled entities areresponsible for overseeing the financial reporting process of the Company and its jointlycontrolled entities.

Auditor's Responsibilities for the Audit of the Consolidated Financial Results

Our objectives are to obtain reasonable assurance about whether the Statement as awhole are free from material misstatement, whether due to fraud or error, and to issue

an auditor's report that includes our opinion. Reasonable assurance is a high level of

4501--.,.,: ssuaryasn but is not a guarantee that an audit conducted in accordance with SAs will

re9:% detectiect a material misstatement when it exists. Misstatements can arise from fraud0

0 caterred 0^scc.ountants •

or error and are considered material if, individually or in the aggregate, they couldreasonably be expected to influence the economic decisions of users taken on the basisof this Statement.

As part of an audit in accordance with SAs, we exercise professional judgment andmaintain professional skepticism throughout the audit. We also:

D Identify and assess the risks of material misstatement of the Statement, whether dueto fraud or error, design and perform audit procedures responsive to those risks, andobtain audit evidence that is sufficient and appropriate to provide a basis for ouropinion. The risk of not detecting a material misstatement resulting from fraud ishigher than for one resulting from error, as fraud may involve collusion, forgery,intentional omissions, misrepresentations, or the override of internal control.

D Obtain an understanding of internal control relevant to the audit in order to designaudit procedures that are appropriate in the circumstances. Under Section 143(3) (i)of the Act, we are also responsible for expressing our opinion on whether theCompany and its jointly controlled entities which is company incorporated in Indiahas adequate internal financial controls with reference to financial statements andthe operating effectiveness of such controls.

D Evaluate the appropriateness of accounting policies used and the reasonablenessof accounting estimates and related disclosures made by the Board of Directors.

D Conclude on the appropriateness of the Board of Directors use of the going concernbasis of accounting and, based on the audit evidence obtained, whether a materialuncertainty exists related to events or conditions that may cast significant doubt onthe ability of the Company and its jointly controlled entities to continue as a goingconcern. If we conclude that a material uncertainty exists, we are required to drawattention in our auditor's report to the related disclosures in the Statement or, if suchdisclosures are inadequate, to modify our opinion. Our conclusions are based on theaudit evidence obtained up to the date of our auditor's report. However, futureevents or conditions may cause the Company and its jointly controlled entities tocease to continue as a going concern.

D Evaluate the overall presentation, structure and content of the Statement, includingthe disclosures, and whether the Statement represent the underlying transactionsand events in a manner that achieves fair presentation.

D Obtain sufficient appropriate audit evidence regarding the annual standalonefinancial results/financial information of the Company and its jointly controlledentities to express an opinion on the Statement. We are responsible for the direction,supervision and performance of the audit of financial information of such entitiesincluded in the Statement of which we are the independent auditors. For the otherentities included in the Statement, which have been audited by other auditors, suchother auditors remain responsible for the direction, supervision and performance ofthe audits carried out by them. We remain solely responsible for our audit opinion.

p,Li4•

We communicate with those charged with governance of the Company and such otherentities included in the Statement of which we are the independent auditors regarding,among other matters, the planned scope and timing of the audit and significant auditfindings, including any significant deficiencies in internal control that we identify duringour audit. We also provide those charged with governance with a statement that wehave complied with relevant ethical requirements regarding independence, and tocommunicate with them all relationships and other matters that may reasonably bethought to bear on our independence, and where applicable, related safeguards.

We also performed procedures in accordance with the circular issued by the SEBIunder Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable.

Other Matters

The statement also includes Group's share of net profit (including other comprehensiveincome) of Rs.161.94 lakhs and Rs.784.38 lakhs for the quarter and year ended 31stMarch, 2020 respectively in respect of three jointly controlled entities. These financialstatements have been audited by their respective independent auditors. Theindependent auditors reports on financial statements of these entities have beenfurnished to us and our opinion on the Statement, in so far as it relates to the amountsand disclosures included in respect of these entities, is based solely on the report of suchauditors and the procedures performed by us are as stated in paragraph above.

Our opinion is not modified in respect of the above matter with respect to our relianceon the work done and the reports of the other auditors.

The Statement include the financial results for the quarter ended 31st March, 2020 beingthe balancing figure between the audited figures in respect of the full financial year andthe published unaudited year to date figures up to the third quarter of the currentfinancial year which were subject to limited review by us.

For JC Bhalla & Co.Chartered Accountants

Firm Regn No. 001111N

AKHIL DrgitallY signedby AKHIL BHALLA052+00.0:320?E3HALLA

(Alchil Bhalla)Partner

Membership No. 505002I.JDIN: 20505002AAAAG02499

Place: New Delhi

Date : June 29, 2020

TALBROS AUTOMOUVE COMPONENTS LIMITED-

RES:: OFTECE 14, Pi",1A0,T4R1DA5A10.121 2,7.2 rin/Lcryit-tipLi

To No 0177.75189,7

Vac:brute 7-1A74 raltincsEzm Etas 54ein3_narand0i13l0r09 corn

STATEMENT Of CONSOLIDATED AUDIO! FENANCIAL RESULTS OCR THE OUARTER AND YEAR E810E0 MARCH 31 .2023

[ Rs taco)Consolidated

1.3r1,4iflar4tarter PP n e

1 r-20 30-Des'-l9 31-Mar-IS ar-20 14it4r-19

Au Red Unfit/ 11 ti AUdIted Aufftted AUdEted

Income

ai Revense from opsaationa 9 163 91 9 542.70 10,622 63 30 529 41 48 284.79

i Other thronm 01.34 195 84 25370 57, '34 714 57

fatal Interne 924525 9,739.62 10,887.42 39.100.45 48.999.30

11 ExpensesDi COSl ol materials consumed 4 753 37 5,141.97 515.04 2C 797 44 25.592.73

Purcliase PT 6tOCK^,n..Fale 2300 87 £19 54.08 1,9 74 229 35

C1 Changes in :nveracces of ihnisned bmils ,,,,ess end sticrir -in-4 .0 201 11(.1.57.2.3 271 39 1456.62: 451_26

001111090 40091 expense 1 337 40 1 395 77 1.39039 5.002 18 5.024 7,

al Finance costs 372 05 42150 731 51 181021 1.552.53

I) Depreciation and amortisation eidense 035 45 45.5 70 453 77 1 917 05 7,40 12

al Clair 9K5900,e 2 256 47 2.241 79 2.321 54 3,711 90 9,995 01

Total expenses 9.243-27 9,457.00 10,428.86 38,322.50 46,535.71

3 Profit before esceptionat Items share in profit ct taint ventures (nett $nct tax it -21 138 25242 458.56 777.95 2 453.59

4 !xceplional ferns 213 01.1 21.3.512

Profit befere share in profit of joint ventures (net) arid tax 134( (211.82) 28162 4511.56 564.15 2463.59

6 Share 71 [trot 01 1090 ventures met, 16303 214 97 23094 79-8 O,.' 590 32

7 Profit Were tee (544) 08.40) 49769 689.50 135222 3,41391

Tax expenseCI Curtis M two 1110 25i 7502 15692 133.75 862 71

Si Deferrep ten 3300 0,71 r80 45i 1070 '76411

o Eater years tax acliustment [oat I r 15 19) 0101 [18 191 /00.25i

Total (eribio) (76 27) 65.52 78.44 122 26 778.02

Net profit for the periowyear (7-8) 2747 432,07 611.06 121056 2,637 7910 Other comprehensive Income

al news that will not be reclassified to prot ano Voss [597 77) 223 00 C72 98i 0,353 20! [629.55r

ei Income t& relatIni; to imam that rrta 411 recnaristhed le profit and Lass 4067 [52 14; 21 63 310 07 151 52

Total Other cOmprehensIve income 1457.10) 170.86 (51.35) (1,037.23) (478.331

Tetal cOmprettensive thcome for the period/year f 8410) 1429.63) 602.03 559 71 182 73 2,158 46

Nat prom attributable to:0111I. 432.07 art Ott 2 037 PS.

Non-coati ing 1111919516

Other comprehensive interne attributable to:Owners of Crimpany 1457 10) 170 00 iSt 30) r1 037 23) 1475 32:I

Norsconaciiing ,rtierests

12 Paid isA equity share capital i face value of Rs. 10 per share) 1,23456 1,234.56 1,22458 1,234.56 1 234.58

12 Earnings per equity 5t1are race value of Rs. 10 per share) root annualised)Basic iRs 22 2010 4 95 9 66 [ 37

Dilated 198it 10 22 3 50 96 2t '57

r The above consolidated Pnancial results have been reviewect by the Audit Committee and appreved cy the Board of Directors in 10 00001189 held on June 29. 2020and Amlited by the Statutory Audders-or the Company

2 in March 2020. the World Health OrgarkS51,0O declared Caronavlhis iCCVID-191 go he a pandemic and consequently co March 24 2020. the Government af lnd,aOrdered a nationwide locarlown [vhich got extended in rihases, The outbrear. of COL/0-"9 pandemic in India has cauSed signrficard cash/reams ardl siumitown ofentammic aCiiViNIS. The Group's business operions f1Uve beensignificandy impacted by way oil oiterruptol of producihon, suavity chain etc. The Group will continueto closely monitor the situation and any material changes to future BOOTIOMiC conditions Oursng May .2020 the 9(1125 1100 resairned as business activities in a phasedmanner in tire wit drat-We,e issued by the central and Mate government

3 T391111S Aialoinotivo Comporken18 Landed (The Con/veiny') arty es Joint ventures are fogeter referred es die Group' in Ine toltawmg notes Theme 511'l3 1101011 tiTazicial

resulls are prepared in accordance with the recognition and measurement pnriciples Si irdian Accounting Standards as robbed under rim Ccmpaniet) /tidierAccounting SIEWItIFYILS1 Rules. 2015 as spected in Seolon 133 of the Companms Act 2013.

4 Effective 1 40 2019 the Group adopted ind AS 116 "LeaSes . applied 10 1111 =dram Paving lease cOrraranentS existing CP 1 Add 2019 timing Ine modifiedrettlrepective method Accordingly, the Group nes not restated comparative EMOrtharratii.. The Group, has measured the lease liability at present 49176 111 remaininglease payments discounteo using the inceemeraal borrowing rate 80 the dare of meet sgiscalion end [Right of Use asset M ineasired at an amount egsrat to leaseliability adjusted by dm amount di any prepaid or accrued lease payments 1e:81109 to that lease recognized En the balance sheet [immediate/3i before the date of initialapplicaboo

5 In line wIth the nlre051110e nC inn AS 108 • Ope,e/019 Segmellts and on the basis In. review of operations bend dove by the f,eFliv rriarrailtent Vie ocerafior,a of tt/yGroup fall under Auto Components & Paris 0(11.0 15 considered to be the 04l' reportable segment by the Management

S During the quarter and year ercted 31 Mardi 2020. the Grrarg doted for 50000 Ernst:vas [Legacy Deputy Resta/mho/if Scheme *sedge 110 001901119 lega[ asapirte willthe Central Evcise daportment tot weird, vie appeal Was pericinsi at CESTAT ,eve, The Company has Paid CA irrielaniount 4 IHR 213.80' 03 1..7TOit 5 198 ito,dhOS54111 under 7000131 in earner years J. Impact of the same tsas been diefrEOSed4}rde the heal of Exceptional gems

I .,. ______ _. , ...,......

tri Poe

M t As atPerticetans 314a29 31440.15

ASSETS:-

ticirecurrent assets

Pruileriy. vtarrl and etp.t.pment 14,922.57 13,171.51

Caprtal rods in pmgrffss 63.21 1344.16

rnvestmtn! p,o:'.erty 292 18 309.59

1/4.a ngitla -assets 131.17 111.53

trItarvibly arAsetts unde,t dereiopment 1550 1850

kwestrnents attx)unted kg us.im tha Kilay rrmthod 005.75 4,065.41

FAM1.4114 &owls

PrdeSIOWVI 674 00 2,00530

Lewis 151 44 121.58

other ftrsaricsW frst,AU 33 37 25.00

CtITTEnt lax mirk% Wen 239.41

MET reMarTEM asseto. 382.65 44930

Total norecurrerd assets 23,45548 21.720.52

Currant assetsleventones 10,794,84 31.05229

Fin:9,1;141 As5e19

1 rade, retavebles 12,51762 13,825.21:1

Cash vrd rash treirmaierqs 3043.54 231.84

011tei bar* baharoun: 351 07 502,21

Loans 937.67 56618

Othef flrum-vae: 1574141 143.30 73.9E1

Other eurivrd a ssPts 1,704.16 1.8023.0

Tets1 current /ism le 29,489,50 28,437.88

Total assets 47,985,28 49,764.10

EQUITY AM LIABILMES..

EquityE Rudy share Captal 3,23455 12301

Other equity 38550.29 1854247

Tat* equIly 10,791.85 15,87743

Non-curieni liabilities

F,rikertvia1 eels:Aides

Somme] pgs 1035.74 2.523.45CA5Tar finaticlal liabilities 31.79 11/5

Pe:waiters 312.22 15.31(1Deferral tax tiatelities Craiq 290.55 010.504

CAW Den-CildVit liabililies 88.44 5737

rob3 nett-currant liabilities 2,71242 3.584.15

Curnarki stabilities

Rnariolii liabilibeg

Borrowings t 2,111..15 11,733.731r2de azY5b1e3

0) "rota/ eutStandinR dues & rnicm erriescses BM .5,ftai1 enferpnses 97.53 13215

(ti) Tetel tteeilanding dues of cradexgs athr thffin rnEcre erliarafte arid vro# wVeromem 10.452.43 11,594.25Ottier firtanctal lobrlites 1040.42 2,113.76

Other Qatrant Ilatiilrikm 183.01 57292Prov,sPorssi 18.10 141.70

Curront tw liottihues. 0,0.) 26E.81

Talai L ki rrent liabilities 25,481.41 28,822.31

Total equity and liabilities 47,985.28 1 45,704.18

Cash Flow Statement • ConvJildated 151 !nal.^jcuEers

hTar endeci Year ended

I ZI-Mar•20 3l.Mart9

IA. CASH PLOW FROM OPERATiNG A.CM€TIFS!Nast Ware tax I S224 3.413,01

AffidsOnents ter.

DitOreGietef..P.:r piefeerry3Ifi ar4 e1JrprrAr4 .Sts I 77013

• Prot oh eale fntopartt plant enn sitalarnerd 1nel /35 e2i

ints,dS: k•l0.21-ea 14), IC. 42

Share of p-scfirs at :ow yen:urea Ati ;74$ OE;Dwrdenn ,n-conle IPSOI 34.4.1Ano..vance tOr a2urns,=10eOls ID3 02 212 55

liareat:sed toreln exchange Da,n 154 ffi 01

Advances wriffert fin 79.45. 11354

P3t9/ ;SO/It ft: ii3eItqUirtZ' oaol• 179 46i i66 .ScaiF,^21r42 taZt : 410.24 1.552 112

prottt before worktop capital Ott rrges 3.S5S.21 6,415.31

Elkwerneht in warking cap3tachafiRp ,n waren/acct. 65

rtna cge 7,xple '0.:timalel, on:et nnac'zel 3114 rino-llnar,a4/ as Sets 1w53

C.kterve1 1-r-a6e pa}!ae. for.; arie 41544)

Cash generated from: fused to; odors-T:1n eel*, it ta& pout MI rklyllnupittehdrtget 3.995.09

Incorne.tox pod nIl 4110

Net castl generated franliused in operating aCt +Mitt. IAl 3.700.51

B GASH FLOWS FROM €NVeSneIG AC,TWITIESPurOMe Ln. Wont, van!. e:1,pprnent .ritert,:tnuneliii3-5:Ar4rng vetrk-in-orwret4 Pti-td tr:14aVslotes tic-dat .-.fe,!Oereere 2E36'431 14 142.91 )Promet,.,s from sale proer'.'y pfere. 1r1 2 t firi! 177 14142

11,reerss tram sale 31 imiesimq,-,V, 140 20tvtovameht In °that bank banes 270.62 :243 54iDfrid end ir•-etivEl-J 241364 403 48

items! fecenfett 134.2? cn 03

Net Gasli gerweted troi Iluteti iirtve c1..445 au) 0 553.211

C. CASH FLOWS FROM FINANCING ACIIYMESRm:.rads from un

Rep.eymete of harfoimg.SFarrent iwards tee5e Fieb[irties

nee. lew.luding tax',nn in ee,1

N.fefutthgenereted feenALfsed nt nnanci no .nbvitiesa fCI 1.825.03

(Det-Yease+: tncrease in .a$.ri CaSil CluivaieriM 17 5 ii 139

Zu1find. minI pOi.ilenInAT IPSO b-IgirM,ng 01 Mt yalr, 23 14 ".f21 43Cliftt, acid. eaSh e uNaients et the Hod of the r 370.94 231,44

1. The 1.4u-en ter itt quarter enleo March 3.1 2040 aro 74,5 are Ice caLeete)o. tgvses pe::ben Ina av/O,ted II It5 14 ferkect of me twei•ge rnenths errcie on ttvt dateand. ,..F-audeed pcith4ha2 year to dale rpipres uplo tOt n,rd vm-rer cF trcenc $CN 2019+20 afid 701 4- :9 le spea.poory

V C Mar/sang 00.111

005W7'

.Cate J,;ne 3j 7.533t>!ace, 1 (1

talbTalbros Automotive

Components Ltd.

Declaration regarding the Annual Auditor's Report with unmodifiedopinion(s) pursuant to Regulation 33(3)(d) of the SEBI (Listing Obligationsand Disclosure Requirements) Regulations, 2015

Pursuant to Regulations 33 of SEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015 read with Schedule VIII thereto and SEBI Circular C1R/CFD/CMD/56/2016dated May 27, 2016, we hereby declare that the Statutory Auditors of the Company, M/s J.C.Bhalla & Co., Chartered Accountants (Firm Registration No. 001111N), have submitted theAuditor's Report with unmodified opinion on the Standalone and Consolidated financial resultsfor the financial year ended on 314 March, 2020.

For Talbros Automotive Components Limited

Manisli Khanna

(Chief Financial Officer

Date: 291 June, 2020

regd. Office 1411, rnalhura road, faridabad-121003 haryana, india . ph: +91 129 2275434/35/36/37 . fax; +91 129 2277240, 2272263 e-mail: talbros“talbros.comCIN : L29199HR1956PLC033107