KANANI INDUSTRIES LIMITED

R.O. : GE1080, BHARAT DIAMOND BOURSE, G-BLOCK, BANDRA KURLA COMPLEX, BANDRA (EAST), MUMBAI: 400051.
CIN NO. L51900MH1983PLC029598 WEBSITE: www.kananiindustries.com
STATEMENT OF STANDALONE AUDITED FINANCIAL RESULT FOR THE QUARTER/YEAR ENDED 31 ST MARCH, 2023
(Rs. in lacs)
Quarter Ended Year Ended
Particulars 31.03.2023 31.12.2022 31.03.2022 31.03.2023 31.03.2022
Audited Unaudited Audited Audited Audited
1 Revenue from Operation 1,752.75 1,299.51 2,108.87 8,049.26 8,456.25
2 Other Income 11.18 14.91 59.65 11.97 116.59
3 Total Income (1+2) 1,763.94 1,314.43 2,168.52 8,061.23 8,572.84
4 Expenses:
(1) Cost of Raw Material Consumed 1,565.76 1,751.00 2,600.94 7,534.28 8,420.31
(2) Purchase of Stock-in-trade - - - - -
(3) Changes in inventories of finished goods, Work-in progress and stock-in trade 90.51 (528.06) (597.53) 62.07 (357.43)
(4) Employee Benefit Expenses 12.98 12.79 12.70 51.60 50.14
(5) Finance Cost 25.76 20.04 3.59 91.35 78.34
(6) Depreciation & amortisation Expenses 1.52 1.85 1.84 6.96 9.01
(7) Other Expenses 52.66 42.45 69.51 251.39 260.56
Total Expenses (4) 1,749.20 1,300.07 2,091.06 7,997.64 8,460.92
5 Total Profit before Exceptional Items and tax (3-4) 14.74 14.36 77.47 63.59 111.92
6 Exceptional Items - - - - -
7 Total Profit before before Tax (5-6) 14.74 14.36 77.47 63.59 111.92
8 Tax Expenses
Current Tax 1.77 2.40 13.30 9.92 18.68
Tax for Earlier Year 3.28 - - 3.28 -
9 Net Profit (Loss) for the period from continuing operations (7-8) 9.69 11.96 64.16 50.38 93.24
10 Profit / (Loss) from discontinued operations before tax - - - - -
11 Tax Expenses of discontinued operations - - - - -
12 Net Profit (Loss) from discontinued operation after tax (10-11) - - - - -
13 Total Profit (Loss) for the period (9+12) 9.69 11.96 64.16 50.38 93.24
14 Other Comprehensive Income
A (i) Item that will not be reclassified to profit or loss - - - - -
(ii) Income tax relating to item that will not be reclassified to profit or loss - - - - -
B (i) Item that will be reclassified to profit or loss - - - - -
(ii) Income tax relating to item that will be reclassified to profit or loss - - - - -
15 Total comprehensive income for the period 9.69 11.96 64.16 50.38 93.24
16 Paid up equity share capital 989.34 989.34 989.34 989.34 989.34
(Face Value of Share) 1.00 1.00 1.00 1.00 1.00
17 Reserve excluding Revaluation Reserves - - - 3,467.81 3,417.43
18 Earnings per equity shre (for continuing operation):
1 Basic 0.01 0.01 0.06 0.05 0.09
2 Diluted 0.01 0.01 0.06 0.05 0.09
19 Earnings per equity shre (for discontinued operation):
1 Basic - - - - -
2 Diluted - - - - -
20 Earnings per equity shre (for discontinued & continuing operations):
1 Basic 0.01 0.01 0.06 0.05 0.09
2 Diluted 0.01 0.01 0.06 0.05 0.09
 KANANI INDUSTRIES LIMITED
R.O. : GE1080, BHARAT DIAMOND BOURSE, G-BLOCK, BANDRA KURLA COMPLEX, BANDRA (EAST), MUMBAI: 400051.
CIN NO. L51900MH1983PLC029598 WEBSITE: www.kananiindustries.com
STATEMENT OF CONSOLIDATED AUDITED FINANCIAL RESULT FOR THE QUARTER/YEAR ENDED 31 ST MARCH, 2023
(Rs. in lacs)
Quarter Ended Year Ended
Particulars 31.03.2023 31.12.2022 31.03.2022 31.03.2023 31.03.2022
Audited Unaudited Audited Audited Audited
1 Revenue from Operation 6,186.08 4,764.98 4,255.45 27,049.70 29,072.52
2 Other Income 11.19 14.92 59.65 11.97 116.59
3 Total Income (1+2) 6,197.27 4,779.90 4,315.10 27,061.67 29,189.12
4 Expenses:
(1) Cost of Raw Material Consumed 1,565.76 1,751.00 2,600.94 7,534.28 8,420.31
(2) Purchase of Stock-in-trade 4,354.34 3,246.49 2,471.07 18,018.61 21,067.36
(3) Changes in inventories of finished goods, Work-in progress and stock-in trade 154.60 (358.67) (961.44) 785.56 (981.06)
(4) Employee Benefit Expenses 26.91 27.14 26.33 107.86 103.29
(5) Finance Cost 25.76 20.04 3.59 91.35 78.34
(6) Depreciation & amortisation Expenses 1.52 1.85 1.84 6.96 9.01
(7) Other Expenses 64.59 48.53 60.71 285.17 290.54
Total Expenses (4) 6,193.48 4,736.37 4,203.05 26,829.79 28,987.79
5 Total Profit before Exceptional Items and tax (3-4) 3.78 43.53 112.05 231.89 201.33
6 Exceptional Items - - - - -
7 Total Profit before before Tax (5-6) 3.78 43.53 112.05 231.89 201.33
8 Tax Expenses
Current Tax 1.71 2.67 13.32 11.31 20.79
Tax for Earlier Year 3.28 - - 3.28 -
9 Net Profit (Loss) for the period from continuing operations (7-8) (1.21) 40.86 98.73 217.30 180.53
10 Profit / (Loss) from discontinued operations before tax - - - - -
11 Tax Expenses of discontinued operations - - - - -
12 Net Profit (Loss) from discontinued operation after tax (10-11) - - - - -
13 Total Profit (Loss) for the period (9+12) (1.21) 40.86 98.73 217.30 180.53
14 Other Comprehensive Income
A (i) Item that will not be reclassified to profit or loss - - - - -
(ii) Income tax relating to item that will not be reclassified to profit or loss - - - - -
B (i) Item that will be reclassified to profit or loss - - - - -
(ii) Income tax relating to item that will be reclassified to profit or loss - - - - -
15 Total comprehensive income for the period (1.21) 40.86 98.73 217.30 180.53
16 Paid up equity share capital 989.34 989.34 989.34 989.34 989.34
(Face Value of Share) 1.00 1.00 1.00 1.00 1.00
17 Reserve excluding Revaluation Reserves - - - 5,277.04 4,890.95
18 Earnings per equity shre (for continuing operation):
1 Basic (0.001) 0.04 0.10 0.22 0.18
2 Diluted (0.001) 0.04 0.10 0.22 0.18
19 Earnings per equity shre (for discontinued operation):
1 Basic - - - - -
2 Diluted - - - - -
20 Earnings per equity shre (for discontinued & continuing operations):
1 Basic (0.001) 0.04 0.10 0.22 0.18
2 Diluted (0.001) 0.04 0.10 0.22 0.18
 KANANI INDUSTRIES LIMITED
R.O. : GE1080, BHARAT DIAMOND BOURSE, G-BLOCK, BANDRA KURLA COMPLEX, BANDRA (EAST), MUMBAI: 400051.
CIN NO. L51900MH1983PLC029598 WEBSITE: www.kananiindustries.com
STANDALONE & CONSOLIDATED AUDITED STATEMENT OF ASSETS AND LIABILITIES AS ON 31 ST MARCH, 2023
(Rs. in lacs)
STANDALONE CONSOLIDATED
Year Ended Year Ended
Particulars
31.03.2023 31.03.2022 31.03.2023 31.03.2022
Audited Audited Audited Audited
ASSETS
1 Non-current assets
(a) Property, Plant and Equipment 23.44 34.01 23.44 34.01
(b) Capital Work in Progress 0.00 0.00 0.000 0.00
(C) Investment in Property 0.00 0.00 0.000 0.00
(d) Goodwill 0.00 0.00 0.000 0.00
(e) Other Intangible assets 0.00 0.00 0.000 0.00
(f) Intangible assets under development 0.00 0.00 0.000 0.00
(g) Biological assets other than bearer plants 0.00 0.00 0.000 0.00
(h) Financial Assets
(i) Investments 2133.59 2133.59 0.000 0.00
(ii) Trade Receivable 0.00 0.00 0.000 0.00
(iii) Loans 0.00 0.00 0.000 0.00
(iv) Others 0.00 0.00 0.000 0.00
(i) Deffered Tax Assets 0.00 0.00 0.000 0.00
(j) Other Non-current Assets 0.21 0.21 2.76 2.56
Total Non-Current Assets 2157.24 2167.81 26.197 36.57
2 Current assets
(a) Inventories 1272.08 1250.22 2602.89 3304.51
(b) Financial Asstes
(i) Investments 0.00 0.00 0.000 0.00
(ii) Trade Receivable 5033.09 5251.37 9492.18 10197.30
(iii) Cash & Cash Equivalents 411.67 415.06 806.33 458.39
(iv) Bank Balance other than (iii) above 0.00 0.00 0.000 0.00
(v) Loans 0.00 0.00 0.000 0.00
(vi) Others 49.12 40.90 49.12 40.90
(C) Investment
Current Tax in
Assets
Property
(Net) 0.00 0.00 0.000 0.00
(d) Investment
Other Current
in Property
Assets 74.67 62.68 74.67 62.68
Total Current Assets 6840.62 7020.22 13025.18 14063.78
TOTAL ASSETS TOTAL 8997.87 9188.04 13051.38 14100.35
EQUITY AND LIABILITIES
EQUITY
(a) Equity Share Capital 989.34 989.34 989.34 989.34
(b) Other equity 3467.81 3417.43 5277.04 4890.95
LIABILITIES
1 Non Current Liabilities
(a) Financial Liabilities
(i) Borrowings 1008.70 59.00 1008.70 59.00
(ii) Trade Payables 0.00 0.00 0.000 0.00
(iii) Other Fianancial Liabilities 0.00 0.00 0.000 0.00
(Other than those specified in item (b)) 0.00 0.00 0.000 0.00
(b) Provisions 0.00 0.00 0.000 0.00
(C) Deffered Tax Liabilities (Net) 0.00 0.00 0.000 0.00
(d) Other Non-current Liabilities 0.00 0.00 0.000 0.00
Total Non-Current Liabilities 5465.85 4465.77 7275.083 5939.29
2 Current Liabilities
(a) Financial Liabilities
(i) Borrowings 2127.00 2389.34 2127.00 2389.34
(ii) Trade Payables 1373.28 2289.98 3613.95 5724.60
(iii) Other Fianancial Liabilities 0.00 0.00 0.000 0.00
(Other than those specified in item (C)) 0.00 0.00 0.000 0.00
(b) Other Current Liabilities 31.74 42.95 33.96 45.00
(C) Provision 0.00 0.00 1.39 2.11
(d) Current Tax Liabilities (Net) 0.00 0.00 0.000 0.00
Total Current Liabilities 3532.02 4722.27 5776.296 8161.06
TOTAL EQUITY AND LIABILITIES TOTAL 8997.87 9188.04 13051.38 14100.35
 KANANI INDUSTRIES LIMITED
R.O. : 915C, THE CAPITAL, G-BLOCK, BANDRA KURLA COMPLEX, BANDRA (EAST), MUMBAI: 400051.
CIN NO. L51900MH1983PLC029598 WEBSITE: www.kananiindustries.com
STANDALONE & CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 ST MARCH, 2023
(Rs. in lacs)
STANDALONE CONSOLIDATED
Year Ended Year Ended
Particulars
31.03.2023 31.03.2022 31.03.2023 31.03.2022
Audited Audited Audited Audited
A. CASH FLOW FROM OPERATING ACTIVITIES :
Net profit before tax and extra-ordinary items 63.59 111.92 231.89 201.33
Adjustments for :
Depreciation 6.96 9.01 6.96 9.01
Loss on sale of fixed assets 0.27 - 0.27 -
Foreign currency translation reserve - - 168.79 54.36
OPERATING PROFIT BEFORE WORKING CAPITAL CHANGES : 70.82 120.93 407.91 264.69
Adjustments for :
Trade receivables 218.28 288.93 705.12 734.29
Other receivables (20.21) (16.13) (20.41) (16.20)
Inventories (21.86) (802.29) 701.63 (1,425.92)
Trade Payables & Other Liabilities (925.16) 215.27 (2,118.94) 282.70
CASH GENERATED FROM OPERATIONS (678.13) (193.30) (324.69) (160.44)
Direct taxes paid (15.96) (14.44) (18.07) (16.82)
Income tax refund - - - -
Net cash from operating activities (694.09) (207.74) (342.76) (177.26)

B. CASH FLOW FROM INVESTING ACTIVITIES :

Purchase of property, plant and equipment - (10.72) - (10.72)
Sale of fixed asset 3.34 - 3.34 -
Net cash used in investment activities 3.34 (10.72) 3.34 (10.72)

C. CASH FLOW FROM FINANCING ACTIVITIES :

Proceeds/(Repayment) of Short Term Borrowings (262.34) 389.34 (262.34) 389.34
Proceeds/(Repayment) of Long-Term Borrowings 949.70 (158.95) 949.70 (158.95)
Net cash used in financing activities 687.36 230.39 687.36 230.39
Net Increae / (Decrease) in cash and cash equivalents (3.39) 11.93 347.94 42.41
Opening balance of Cash & cash equivalents 415.06 403.13 458.39 415.98

Closing balance of Cash & cash equivalents 411.67 415.06 806.33 458.39
Notes:
1. The financial results of the Company have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015,
prescribed under Section 133 of the Companies Act, 2013, and other recognised accounting practices and policies to the extent
applicable.

2. The above standalone & consolidated audited financial results of the Company have been reviewed by the Audit Committee and
approved by the Board of Directors at their respective meetings held on 27 th May, 2023.

3. Figures of the corresponding previous period have been regrouped, rearranged wherever necessary to conform to the classification of the
current period.

4. The Statutory Auditors of the Company have conducted a Audited Report of the above financial results for the quarter/year ended March
31, 2023 and have expressed an unmodified audit opinion on these results.

5. The Company has only one reportable segment.

6. The results for the quarter/year ended March 31, 2023 are available on the on the website of the Company at www.kananiindustries.com
and on the websites of the Stock Exchanges viz. www.bseindia.com and www.nseindia.com.

For & On Behalf of Board of Directors

Mr. Harshil P. Kanani

Place : Mumbai Managing Director
Date : May 27, 2023 DIN NO: 01568262