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RUPA & COMPANY LIMITED.

Ai

Date: 12.11.2019
To,
The Listing Department The Department of Corporate Services
National Stock Exchange of India Ltd BSE Ltd
Exchange Plaza, Plot no. C/1, G Block, Phiroze Jeejeebhoy Towers,
Bandra-Kurla Complex Dalal Street,
Bandra (E) Mumbai- 400 001
Mumbai - 400 051
NSE Symbol: RUPA Scrip Code: 533552
Respected Ma’am/ Sir,

Regula
2015 (‘Listing
tioRegulati
ns,
ons’)
‘Sub: Outcome of the 234" Board Meeting
Pursuant to Regulation 30, read with Part A of Schedule IIL, of the SEBI Listing
Regulations, wehereby
inform you that the Board of Directors of the Company, at its 234% Meeting held on November 12,
2019, has, inter alia, pursuant to Regulation 33 of the Listing Regulations, considered and approved
the Unaudited (Standalone and Consolidated) Financial Results of the Company for the quarter and
half year ended September 30, 2019, The said Financial Results, along with the Limited Review Report
of the Statutory Auditors thereon, has been enclosed herewith.

The aforesaid Board Meeting commenced at 02:30 p.m. and concluded at F750 p.m,
This is for your reference and record.

Yours faithfully,
For Rapa & Company Limited

Kundan Kumar Jia

Company Secretary & Compliance Officer
ACS 17612

Metro Tower.1, Ho Chi Minh Sarani, Kolkata

Phone: +91 93 4057 3100, Fax: +91 98 2288 7001362071, INDIA
Email: connect@rupa.co.in, wvw.rupa.co.in
An ISO 9001:2008 Certified Company
GIN No.: L17299W81985PLCo38517
Sin L Co.
ghi Accountants po re
\0}33-2619 6000/0V2
Chartered Ekclkata@singhicocom
wwewsinghieo.com

Independent Auditor's Review Report on the Quarterly and Year to date Unaudited Standalone Financial
Results of Rupa & Company Limited pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (as amended)
Review Report to,
‘The Board of Directors,
Rupa & Company Limited
1. We have reviewed the accompanying unaudited standalone financial results of M/s. Rupa & Company
Limited (‘the Company/) for the quarter ended September 30, 2019 and year to date from April 01 to
September 30, 2019 together with notes thereon (herein after referred to as ‘the Statement’), attached
herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 (the Regulation) as amended, read with SEB!
Circular No. CIR/CFD/CMD1/44/2019 dated March 29, 2019 (‘the Circular’). Attention is drawn to the fact
that the standalone statement of cash flows for the corresponding period from April 01, 2018 to September
30 2018, as reported in these unaudited standalone financial results have been approved by the Board of
Directors of the Company, but have not been subjected to review.
2. This Statement, which is the responsibility of the Company's Management and approved by the Board of
Directors in their meeting held on November 12, 2019, has been prepared in accordance with the
recognition and measurement principles laid down in the Indian Accounting Standard 34 “interim Financial
Reporting” (“ind AS 34”), prescribed under section 133, of the Companies Act, 2013 read with relevant rules
issued thereunder and other accounting principles generally accepted in India. Our responsibility isto issue a
report on the Statement based on our review.
3. We conducted our review of the Statement in accordance with the Standard on Review Engagement (SRE)
2410 “Review of interim Financial Information Performed by the Independent Auditor of the Entity,” issued
by 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 Is.
limited primarily to inquiries of Company personnel and analytical procedures applied to financial data and
thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not
express an audit opinion.
4. Based on our review conducted as stated above, nothing has come to our attention that causes us to believe
that the accompanying Statement, prepared in accordance with the applicable Indian Accounting Standards
as prescribed under Section 133 of the Companies Act, 2013, as amended read with relevant rules issued
there under and other recognized accounting principles generally accepted in India, has not disclosed the
information required to be disclosed in terms of the Regulation, read with the Circular, including the manner
in which itis to be disclosed, or that it contains any material misstatement.
For Singhi & Co.
Chartered Accountants
Firm Registration No.302049E
fk Bron,
we {Ankit Dhelia)
Partner
Membership No, 069178
UDIN: 190 EAV73 AA AACKYR TE
Place: Kolkata
Dated: November 12, 2019

ae fderabaa Nagpur
 UPA & COMPANY LiMiTED
cin. L17289we198sP1co38517
‘REGO. OFFICE : METRO TOWER, 8th Floor, 3,HO CHI MINH SARANI, KOLKATA.700 073
Website: www rupa.cuin, Emal : connect@rups-coin
Phone: +91 334057 3100; Fax: +91 33 22881362
Statement
of Unaudited Standalone Financial Results for the Quarter
& Half Year Ended September 30,2019
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not annvaives
 RUPA & COMPANY LIMITED
REGD. OFFICE 'METRO TOWER",3,HO CHI MINH SARANI, KOLKATA-700 072
‘cn, 47299W81985P1C038517
Website: www.rupacco.in, Email: connect@rupe.co.in
Phone: +91 33 3057 3100; Fax: +91 33 22881362
Notes
1. Statement of Assets and Lables (io Re lakhs)
Parculars Seapaaione
3 Standaione
‘eae
September 30,2019 | March 31,2019
(Wraudited) (audited)
"ASSETS
Non-current assets
Property, plant and equipment 16,383.06 16,716.86
Right to Use Assets 919.97 :
[capital work-in-progress 471.02 300.46
Intangible assets 153.93 19102
investments in Subsidiaries 6,355.44 3,402.00,
Financial assets
1) Investments oa oa
i) Loans 332.27 452227
ii) Other financial assets 18,70 1370
lother non-cureent assets 988.56 933.69
2,419.13 74,095.
current assets
nventories 4351822 35,118.40
Financial assets
1) Trade receivables 24,586.69 37,022.35
If Cash and cash equivalents 591.98 565.48
ii) Other Bank Balances (other than above) 40.26 39.33
Wy) Loans 27258 203.82
¥) Other financial assets 13 8232
current tax Assets (net) 208.57
lOther Current Assets 419250 2,340.46
73,410.73 75,873.16
[Total Assets 35 7o.HE 353834
EQUITY AND LIABILITIES
auity
Equity Share capital 796.28 796.29
[other Equity 58,350.18 36,759.28
[Total equity 53,146.07 57,555.57
uuasiumies
'Non-current liabilities
Financial liabilities
i) Borrowings 03.92 a1z6s
1) Other financial abies 82.84 <
Deferred Tax Liabiltis (Net) 932.13 137263
other non-current lab 218.00 3.14
636.89 2268.42
Current abitties
Financial liabilities
|) Borrowings 16,784.63 16,508.25
i) Trade payables
= Tota outstanding dues of creditors to microenterprses and small
enterprises
Total oustanding dues of cresitors other than microenterprises
and small enterprises 12,406.06 13,008.76
Ii) Other financial labiities 7.823.653 8,921.25
Provsions 273.28 288.80
[contrac abilities 16.98 8408
[current Tax Liabilities (Net) 787.20
lOther current habiities 141.96 51407
7046.50 wse.3s
otal uabiities 39 503.39 aan
[Total Equity and Labilties Same.86 3338838
“—
 in sto
Farias Ta September 28 "apa epee, 2016
iWon) (Unsctes!
[AS RW ARNG FROM OPERATING ACTIVITES
Prot belore Tox saunas sens
[aumento recone ro before tao net ash Rows
[ol Depreaton and aroctation 2608 sts
(a) eaaes cont we? aus
Fe) (Petes on daposatot Plant Pope & Equpranet) ves39] 320
|e) Sue debts/ Advance & Cam wren ot 33 om
Ie) Urapenttabincs writen beck (rsa resel
1) Protin for Gout TageRaeabe/iwtten bach frre a7
le) Dated Raver on Governrat Gra hne2s] 1a]
1)_lnrease nt vle ot vestments mean FUTPL (03s)
ert corn 21235] 01.092 asa] 1az022
lonerating ron etre Working Cantal Changes S51 701207
lcangein woking capa.
(a) Detnsycerenseininvetores ease asaz022)
18) Unreal aecreve node Reciables aos see
{e)eeae/Screat nother Fiano sets ‘ess (2223)
{)_ Grrene|Aecese i Nowfical sels. jnasaae] (33690)
fe) neeseleceaein Trade Payal (aes Gas
{W-nrese/ecese ther Pencil abies (i376 rosia3]
It) rreseieceoein Powizens ines sas
[h)memae cca) Conca Lab terae| a)
i) arene decrease in Nonna! abies, sss| seas pe prasars|
leon Generated rom Operations wen i228)
ie: ial Dec aes Pit fees) (3.061)
Net cash tom Operting ets 0070 (Ban)
ASW FLOW ani FROM nvEsTNG ACTIVES
(a) Purse flr, Propery & Equipment nce aa sian) eusa] ass]
(0) Sapanal of Pant Property & Equipment ae was
{s) lverimentinasubuiary Comanies, (e353)
(a) Aesemation/investmen) of Fes epost (et) wa] ws
(e)Reluntofan Grants e507
{ tooncreted ‘sean
(a nterenteeied ‘nee wis.
et coh ede nvesting aves Ea] Twa
[cast tow ants fon rvancn ACTIVITES
|) Dviden sna Tacs hereon areas) areas
fb) west Pa rissa (e720
(e)_ Repayment of Non-curent Boromings in2s0a] 7778]
|e) Panes tam Noncarent Strong 179 0397
le} Petes / Repayment of Care Boronng net 2038 sant
1) Payment of aca bites faz720] :
et Con wed in raping Attar pasa) cE
net increase (eee mca & Ch Equant (ArC] 7550 7s]
[sina con egunaiet ane beprnng of he prod seas 6038
ca coh Laualents at the and a the period ssi oT
4. The toremantored ests were evened by the Aust Commie nd approve by the Boar of Oreos tthe respacte mastigs et on Novrber 42, 2018 Kalat. tet
Review of tare reste at eqled under Reguation 33 ft SED Unig ad ter Oo Raauereta Regulars, 205 as bee cored by the Satay Aude. Te ath
Flow Sater fr the nal ya ended seatembe 30,2018 approves by the Sansa Dect of he Coma bt ha not been surat ie by he Stator Ao The

fina AS 1s on Steentoft & tes Aesount.

5 The Compan hs oped 0 ap cone te aration pr ne pov Seton 358A fe nc Tat A161 made ei for ancl ea 2018.20 pursuant to
Taaton Laws Aerie Orne 2019 de Septerber 2,20 Accorang tw Bro fr nc tax nd One Tax tunesave tea eordd/esmenara using the
‘Pew tnratean the nutans msc reaps nw Snare of Pot & ow the curent penid
‘asthe cmbanysbutness act fl witha singe signet primary Bune semet Le. Nosy hd read sarc nope pment infrmstion lta
Thre wana exepina ems unng the guar anhalt yn onde Sept 39,2019 |
1 The preous pari Taues nae been erouoerearanged wherever neces, 13 ano the cue wi ut
8y Order ofthe Gaara
8.
Proce: Kolkata un ainaaporwa
MansgnpOhector
Date: November 12,2019 IN 00224857
Singhi &L Co. eres
7 +S110153-2419 6ooo/ovoz
Chartered Accountants Ekolkata@singhi
wwew singhieo.com

Independent Auditor’s Review Report on the Quarterly and Year to date Unaudited Consolidated Financial Results
of Rupa & Company Limited pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (as amended)
Review Report to,
‘The Board of Directors,
Rupa & Company Limited
1. We have reviewed the accompanying unaudited consolidated financial results of M/s. Rupa & Company Limited
(“the Parent”) and its subsidiaries (the Parent and its subsidiaries together referred to as “the Group”) for the
quarter ended September 30, 2019 and year to date from April 01 to September 30, 2019 together with notes
thereon (herein after referred to as ‘the Statement’), attached herewith, being submitted by the Company
pursuant to the requirement of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (the Regulation) as amended, read with SEBI Circular No. CIR/CFO/CMD1/44/2019 dated
March 29, 2019 (‘the Circular’). Attention is drawn to the fact that the consolidated figures for the
corresponding quarter & half year ended September 30, 2018 and the consolidated statement of cash flows for
the corresponding period from April 01, 2018 to September 30 2018 as reported in these unaudited
consolidated financial results have been approved by the Parent’s Board of Directors, but have not been
subjected to review.
2. This Statement, which is the responsibility of the Parent’s Management and approved by the Parent's Board of
Directors in their meeting held on November 12, 2019, has been prepared in accordance with the recognition
and measurement principles lald down in the Indian Accounting Standard 34 “Interim Financial Reporting” (“ind
AS 34”), prescribed under section 133, of the Companies Act, 2013 read with relevant rules issued thereunder
and other accounting principles generally accepted in India. Our responsibility is to issue a report on the
Statement based on our review.
3. We conducted our review of the Statement in accordance with the Standard on Review Engagement (SRE) 2410
“Review of Interim Financial Information Performed by the Independent Auditor of the Entity,” issued by
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 is limited
primarily to inquiries of Company personnel and analytical procedures applied to financial data and thus provide
less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit
opinion.
We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.
4, The Statement includes the financial results of the following entities :
Name of the Entity Relationship
Imoogi Fashions Private Limited Subsidiary
Euro Fashion Inners International Private Limited Subsidiary
Oban Fashions Private Limited Subsidiary
Rupa Bangladesh Private Limited Subsidiary

ic

Network Locations: ylrabed, Nagpur

Singhi & Co.
Chartered Accountants .contd.

5, Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the
consideration of the review reports of other auditor of two subsidiaries and management reviewed financial
information / financial results of one subsidiary company referred to in paragraph 7 below, nothing has come to
‘our attention that causes us to believe that the accompanying Statement, prepared in accordance with the
applicable Indian Accounting Standards as prescribed under Section 133 of the Companies Act, 2013, as
amended read with relevant rules issued there under and other recognized accounting principles generally
accepted in India, has not disclosed the information required to be disclosed in terms of the Regulation, read
with the Circular, including the manner in which it is to be disclosed, or that it contains any material
misstatement.
6. Attention is drawn to Note No. 6 of the consolidated financial results regarding recognition and carry forward of
Deferred Tax Asset on business loss and unabsorbed depreciation amounting to Rs.124.29 lakhs and Rs 252.07
Lacs for the quarter and half year ended September 30, 2019 respectively, and Rs.1406.62 lakhs as at
September 30, 2019 in one of the subsidiary company based on future profitability projections by the
management.
Our conclusion on the Statement is not modified in respect of the above matter.
7. i) The consolidated unaudited financial results include financial results of two ("2") subsidiaries, whose financial
information/ financial results reflects total assets of Rs.1117.16 lakhs as at 30 September 2029, total revenues
of Rs.138.20 Lakhs & Rs.244.37, total net profit after tax of Rs.10.85 lakhs & Rs.20.92 lakhs and total
comprehensive income of Rs.10.94 lakhs & Rs.21.10 lakhs for the quarter and half-year ended on 30 September
2019 respectively. These interim financial information / financial results have been reviewed by other auditors
whose review report has been furnished to us by the management, and our conclusion in so far as it relates to
the amounts and disclosure included in respect of these subsidiaries is based solely on the review reports of
such other auditor and the procedures performed by us as stated in paragraph 3 above.
ii) The consolidated unaudited financial results also includes the interim financial information / financial results
of one (“1”) foreign subsidiary incorporated during the quarter which have not been reviewed by their auditors,
whose interim financial information / financial results reflect total assets of Rs.3.44 lakhs as at 30 September
2019, total revenue of Rs.Nil, total net profit after tax of Rs.Nil and total comprehensive income of Rs.Nil for the
quarter and half-year ended on 30 September 2019, as considered in the consolidated unaudited financial
results. According to the information and explanations given to us by the Management, these interim financial
information / financial results are not material to the Group.
ur conclusion on the Statement Is not modified in respect of the above matters.
For Singhi & Co.
Chartered Accountants
Firm Registration No.302049E
Bnwr Phy
(Ankit Dhetia)
Partner
‘Membership No. 069178
UDIN: 190 69178 AAAACY 3545,
Place: Kolkata
Dated: November 12, 2019
 RUPA& COMPANY LiMiTED
‘in. L17299W01985P1.c038537
[REGD. OFFICE: METRO TOWER, 8th Floor, 1,HO CHI MINH SARANI KOLKATA.700 073,
‘Website: ww 1upa.o.n, Email: connect@rupa.coin
Phone: + 91 334057 3100; Fax 491 33 22881262
‘Statement of Unaudited Consolidated Financial Results forthe Quarter& Hal Year Ended September 30,2019
(ine tka)
[BrNe. JPortculars ‘Quarter ended Half Year end Year Ended
“September30 | June30 | Septerber30 | September30 |” September30 | march3a
aos 2018 2018 2019 aie 2019
vsauates | Unauies | unaudtes | Unaudited | Unaudited | _avoted
T [Revenue from Operations
a) Sales of Products and Serves zssrzsa | 193840 | 2565207 | aesiz2e | as.zares | 1a6.seraz
|b} otrer Operating income 117.48 145.5, 105.02 252.64 23331 47736
Je} otner income 2s 4618 407 bis? 113.06 39770
[Total Revenue [1a toe) Woos016 | wopsaes | Feast s6 | a_i208s | as sev0s | Tis oenas
2 |esenses
a) Cost of Materials consumed sasoas7 | 1123527 | razeo26 | zyme | aozsai9 | sa.e8049
b) Purchase of Trades Gooas 27800 "92720 oun 705.60 vevser | a.2az.02
Je} Changes i inventories of finshed goods, (222083) | (@90920 | aitas) | roso03) | up.aceaa) | (6.59.43)
wotkin-propress and stock nade
ls) empiovee benefits expense asrzas | 1596.69 135219 326904 2sms2 | 5.65589
Je) Fnance Caste 12563 “ages ‘0a 93178 73925 | 19ss2s,
I) Depreciation and amortisation expense 49185 45461 36938 946.05 mais | 10117
i) Sub-contracting/obbing Expenses nossa | 5.25905 7ass73 | 1229789 | a5ai605 | 25,9703
hy Omer expenses asia | 452032 pee. gsas.a6 | e757 | ias2a26
[Total expenses (2) t0 21M} 3557595] 39,078.09 | 72,006.73 40,802.30 | 103,438.68
3. [Prone trom ordinary activities before Exceptional [3,514.21 956.60 3.0883 4786.73 | 11,807.80
Items an tax (12)
4 Jexceptionaiitems
fit rom ordinary activites before tx (344) asua2 956.60 30 amen | 190.80
6 fraceapense
la} Curren Tax inclusiogearer years) 89.03 soase 1sz209 aasser | 209809 | 5.6968
b) Oetered Tax ras) | (22023) (13730) (22.40) (i273) | (6356
otal Tax Expense (lah 6t0)) 31668 364.03 338879 mora? | 3705.35 | 4520021
7 |net Profit fr the period (5-6) 39737 sr.a7 2aia6t a7e9sa | 30038 | 7778
8 [other comprehensive income (Net of Tax)
Ja) ems that wil not be reclassified to Profit ang 140 1s 3 25s (496) 429
oes net of)
b} tems that wil be reclassified to Profit andloss - 7
inet ofa)
[Total Other Comprehensive Income (Net of Tax) nao 1s (234) 255 (2.96) a9
3 [Total comprehensive income forthe period (net | 3,198.77 s7332 201730 ames | 299642 | 7a207
jot tax) 7-8)
10. |paidup equiy share capital
ace Value Rs 3/ ec), 735.28 735.5 95.25 795.25 795.28 795.25
11 [omer Eauty 5367097
12 |pasic and uted earnings per share in Rs and ond ae 478 and 93
not onnvaliced
 RUPA & COMPANY LIMITED
REGO. OFFICE : "METRO TOWER™,3,HO CHI MINH SARANI, KOLKATA-700
071
CIN, L17298wB1985°1.C028517
Website: won rupa.coin, mall: conneet@rup.co.in
Phone: + 91 333057 3100; Fax: +91 33 22881362
Notes
4 Statement of Assats and Lables (nim takin)
Pariculars Consolidated Tonsoldated
7a at
September 30,2013. | March3i, 2019,
(unaudited) (ausited)
assers
INow-current assets
Peoperty, plant and equipment ae.0025, 1738238
igh to Use Assets 110631
capital work-in-progress ‘an.02 30046
letangiie assets 31222 sot 27
lntargibe arses under development 274 278
Financia assets
|} Investments oa8 o18
i) oars 13285 13285
li) Other financial assets 44370 1870
Detorrod Tax Asets (Net) 43799
lothernon-curent assets 984.56 933.69
7098s.82 isazz
[current assets
nventores 4596637 3522925
Financial assets
|) Teade receivabies 2720843 3085351
"Cash and cash equivalents 505.12 72008
i) Other Bank Balances (other than above) 4235 3933
ws) Loans a9897 148.62
) Other financial assets 099 155
lother current Assets a77878 3,385.63
income Tax Asset (Net) 205.85
75,358.86 wos
[otal assets sagan | 067830
leqUITY AND UaBiLTiEs
lequty
lequty share capital, 796.29 796.29
lothereauity 4506.92 5357097
otal equity 35,363.21 54,067.26
luapiumes
INon-<urrent Habities
Financial abilities
1) Borrowings 0392 ass
i) Other financial Habis 2,266.01 246.82
Provisions 6433 5753
loefertos Tax ables (Net) 253.19
lother non-currant iabitee 218.00 83.13
7352.26 ssa
[curent iabities
Financial abilities
1 Borrowings 2938097 1998209
1) Trade payables
Total outstanding dues of creitors to miroenterprises and sal
enterprises ara
Total outstanding dues of creditors other than microenterprises
and small enterrises 1380318 14,864.10
i) Other financial labiities 71585.80 Soaare
Provisions 28237 293.28
[contract atites 1598 84.04
[Curent Tax Labilties (Net) 788-46
other cvreent abies 159.91 57624
aaz29.21 Was772
[Total iabitties asa ako
[Total equity and abies sopaaes | ip. e7aao
 2 Conasdte Satomant of Ch How
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lk) Detere Revere on overnment rant ‘as28] ars]
(0) icone in yn of rete ensre at VTA (ex
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By Orger of ne Boars
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Pace: Kokata ony snanfaghvat
Managing Bfector
Date: November 2, 2019, ‘i 00228857