ORIENTAL CARBON & CHEMICALS LIMITED

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14th Floor, Tower-B, World Trade Tower, Plot No. C-1,Sector-16, Nolda - 201301, UP

DIA

ULF

Phone : 91-120-2446850 Emall : occlnolda@occlindla.com

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Website : www.occllndla .com

November 07, 2022

The Manager

The Manager

BSE Limited

National Stock Exchange of India Ltd.

Department of Corporate Services,

Exchange Plaza, Bandra Kurla Complex

Floor 25, P. J. Towers, Dalal Street

Bandra (E),

Mumbai- 400 001

Mumbai - 400 051

Scrip Symbol/Code: NSE-OCCL and BSE-506579

Dear Sir/Madam,

Sub: Outcome of the Board Meeting held on 7t November, 2022

This is further to our letter dated 27th October 2022, intimating the date of the Board Meeting for consideration of Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended 30th September 2022. Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), we would like to inform you that the Board today:

1 . approved the Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended 30th September 2022. We attach herewith a copy of the approved Unaudited Standalone and Consolidated Financial Results along with the Limited Review report of the Auditors. A copy of the Press Release issued in this regard is also attached herewith.

2. declared an interim dividend of Rs.7/ - per equity share of face value of Re.10/- each for the financial year ending 31st March 2022 and fixed the Record date for the purpose of determining the entitlement of the shareholders for the interim dividend as 18 November 2022, and dividend will be paid to the shareholders on or from 28# November 2022.

3. approved the appointment of Nominee of LIC, Mr. Sanjay Verma as a Nominee Director in place of Ms. Kiran Sahdev, who has resigned earlier.

The Board Meeting commenced on 1 1 . 3 5 A.M. and concluded on 1 . 1 0 P.M.

The above Un-audited Financial Results along with the Limited Review Report thereon are being made available on the website of the Company www.occlindia.com

This is for your information and record.

Yours faithfully,

.For leORIENTAL.CARBON, & CHEMICALS LIMITED

COMPANY SECRETARY & GM Legal

Encl: As above.

Registered Office :

Plants:

Plot No. 3 0 - 3 3 , Survey No. 77

Plot 3 & 4 Dharuhera Industrial Estate, Phase - 1

Nlshant Park, Nana Kapaya,

Dharuhera - 123106, Dlstt. Rewarl, {Haryana)

Mundra, Kachchh,

Gujarat -370415

SEZ Division : Survey No. 1 4 1 , Palkl of Mouje VIiiage Mundra

CIN-L24297GJ1978PLC133845

Taluka Mundra, Mundra SEZ, District Kutch, Gujrat - 370421

Oriental Carbon & Chemicals Limited

( Regd. Office : Plot No 30-33, Survey No. 77, Nishant Park, Nana Kapaya, Mundra , Kachchh-370415, Gujarat )

(CIN · L24297GJ1978PLC133845)

Statement of Standalone Unaudited Financial Results for the Quarter and Half Year Ended September 30' 2022

(Rs. in Lakh, except per share data)

S.No.Particulars

  • Revenue from Operations II Other Income
    Ill Total Income (1+11)

IV Expenses:

Cost of materials consumed Purchase of stock-in-trade

Changes in Inventories of finished goods, work in progress and stock in trade

Employee benefit expense

Finance costs

Depreciation and amortisation expense

Other expenses

Total Expenses (IV)

  • Profit before tax (Ill-IV)

VI Income Tax Expense

Currenttax

Deferred Tax (Net)

Total Income Tax Expense (VI)

VII Profit for the period (V-VI)

VIII Other Comprehensive Income (Net of Tax)

Items that will not be recla ssified to Profit or Loss

Remeasurement Gain or (Loss) on Defined Benefit Plans

Income Tax on the above item

Net Gain or (Loss) on FVTOCI on Equity & AIF Investments

Income Tax on the above item

Total Other Comprehensive Income/ (Loss) (Net of Tax)

IX Total Comprehensive income for the period (Vll+ VIII)

(Comprising Profit/ (Loss) and Other Comprehensive Income / (Loss) for the period)

Quarter Ended

Half Year Ended

Year Ended

Sep 30' 2022

Jun 30' 2022

Sep 30' 2021

Sep 30' 2022

Sep 30' 2021

Mar 31' 2022

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

(Audited)

12,215.76

13,635.22

9,932.56

25,850.98

18,303.94

38,778.76

50.92

83.97

152.64

134.89

426.65

611.56

12,266.68

13,719.19

10,085.20

25,985.87

18,730.59

39,390.32

4,550.74

6,567.03

3,218.87

11,117.77

6,439.79

14,049.86

4.49

-

4.49

5.70

734.94

(1,285.11)

319.44

(550.17)

(607.34)

(590.21)

1,239.13

1,267.56

1,160.25

2,506.69

2,312.98

4,571.18

250.76

243.10

117.7 7

493.86

231.85

567.27

697.75

681.81

552.88

1,379.56

1,085.34

2,300.46

3,740.21

4,396.20

2,953.43

8,136.41

5,870.16

13,001.69

11,213.53

11,875.08

8,322.64

23,088.61

15,332.78

33,905.95

1,053.15

1,844.11

1,762.56

2,897.26

3,397.81

5,484.37

184.12

322.39

292.96

506.51

582.02

951.69

92.18

124.73

206.66

216.91

310.66

537.94

276.30

447.12

499.62

723.42

892.68

1,489.63

776.85

1,396.99

1,262.94

2,173.84

2,505.13

3,994.74

0.68

0.69

0.46

1.37

0.93

38.55

(0.20)

(0.20)

(0.13)

(0.40)

(0.27)

(11.23)

96.28

900.45

150.43

996.73

105.63

159.64

(22.43)

(209.77)

(37.72)

(232.20)

(27.28)

(29.26)

74.33

691.17

113.04

765.50

79.01

157.70

851.18

2,088.16

1,375.98

2,939.34

2,584.14

4,152.44

X

Paid-up Equity Share Capital

999.01

999.01

999.01

999.01

999.01

999.01

XI Other Equity excluding Revaluation Reserve as per Balance Sheet of

54,709.63

Previous accounting year

XII Earnings per equity share (Face value of Rs. 10/- each):

Basic & Diluted (Rs.)

7.78

13.98

12.64

21.76

25.08

39.99

Statement of Standalone Unaudited Segment Information for the Quarter

and Half Year Ended September 30' 2022

Quarter

Ended

Half Year Ended

Year Ended

S.No.

Particulars

Sep 30' 2022

Jun 30'

2022

Sep 30' 2021

Sep 30' 2022

Sep 30' 2021

Mar 31' 2022

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

(Audited)

1. Segment revenue

a) Chemicals

12,008.36

b) Investments

207.40

Less: Inter-Segment Revenue

.

Gross Revenue

12,215.76

2.

Segment Results ( Profit (+) Loss (-) before tax and interest)

a) Chemicals

1,145.36

b) Investments

199.21

Total

1,344.57

Less : Finance Cost

250.76

Less Other unallocable expenditure net off unallocable (income)

40.66

Net Profit before tax

1,053.15

3.

Segment Assets

13,539.47

9,666.19

25,547.83

17,786.76

37,816.07

95.75

266.37

303.15.

517.18

962.69.

13,635.22

9,932.56

25,850.98

18,303.94

38,778.76

2,058.12

1,682.45

3,203.48

3,243.74

5,344.22

84.36

260.72

283.57

506.20

932.80

2,142.48

1,943.17

3,487.05

3,749.94

6,277.02

243.10

117.77

493.86

231.85

567.27

55.27

62.84

95.93

120.28

225.38

1,844.11

1,762.56

2,897.26

3,397.81

5,484.37

a) Chemicals

  1. Investments
  2. unallocated

Total Segment Assets

4.Segment Liabilities

  1. Chemicals
  2. Investments
  3. Unallocated

Total Segment Liabilities

64,864.47

17,433.98

1,835.97 my. 84,134.42

r �2,546.49.

1 * l .. / 'I( I

(l'- ·· - n ,639.26 26185.75

3at~%%/

67,362.80

61,003.56

64,864.47

61,003.56

64,052.62

16,359.87

20,057.17

17,433.98

20,057.17

17,283.47

1,753.46

1,809.03

1,835.97

1,809.03

1,790.16

85,476.13

82,869.76

84,134.42

82,869.76

83,126.25

24,085.64

25,020.94

22,546.49.

25,020.94

24,199..69

3,593.70

3,009.17

3,639.26

3,009.17

3,217.92

27,679.34

28,030.11

26,185.75

28,030.11

27,417.61

(f7

Oriental Carbon & Chemicals Limited

( Regd. Office

: Plot No 30-33, Survey No. 77, Nishant Park, Nana Kapaya, Mundra , Kachchh-370415,

Gujarat )

(CIN - LZ4Z97GJ1978PLC133845)

Statement of Standalone Unaudited Assets and Liabilities

as at September 30' 2022

( Rs in Lakhs )

As at

As at

S.No.

Particulars

Sep 30' 2022

Mar 31' 2022

(Unaudited)

(Audited)

I.

ASSETS

(1) Non-Current Assets

(a) Property,

Plant and Equipment

46,538.65

43,699.56

(b) Capital work-in-progress

703.41

4,132.41

(c) Intangible

Assets

40.02

46.11

(d) Intangible Assets under Development

14.34

1.12

(e) Financial Assets

(i) Investments

9,298.31

8,443.87

(ii) Loans and Advances

55.15

63.37

(iii) Other Financial Assets

775.47

775.47

(f) Other Non Current Assets

140.40

376.73

Total Non-Current Assets

57,565.75

S7,538.64

(2)

Current Assets

(a) Inventories

6,148.95

5,887.50

(b) Financial Assets

(i) Investments

9,521.83

10,219.52

(ii) Trade Receivables

8,890.44

8,076.77

(iii) Cash and Cash Equivalents

555.52

46.54

(iv) Other

Bank Balances

139.18

157.08

(v) Loans and Advances

75.54

69.86

(vi) Other Financial Assets

149.68

145.76

(c) Current Tax Assets (Net)

113.46

48.20

(d) Other Current Assets

974.07

936.38

Total Current Assets

26,568.67

25,587.61

Total Assets

84,134.42

83,126.25

  1. EQUITY AND LIABILITIES

A.

Equity

(a) Equity Share Capital

999.01

999.01

(b) Other Equity

56,949.66

54,709.63

Total Equity

57,948.67

55,708.64

B.

Liabilities

(1) Non-Current Liabilities

(a) Financial Liabilities

(i) Borrowings

8,482.83

9,392.17

(ii) Lease Liability

543.89

572.5 3

(b) Provisions

222.33

239.63

(c) Deferred Tax Liabilities (Net)

3,480.43

3,030.91

Total Non-Current Liabilities

12,729.48

13,235.24

(2)

Current Liabilities

(a) Financial Liabilities

(i) Borrowings

8,373.98

8,818.74

(ii) Lease Liability

5.01

4.79

(iii) Trade Payables

Dues of Micro Enterprises and Small Enterprises

157.20

189.14

Dues of Creditors Other than Micro Enterprises and Small

2,523.09

2,291.68

Enterprises

(iv) Other Financial Liabilities

1,630.45

2,271.04

(bl Other Current Liabilities

656.90

538.20

(c) Provisions

109.64

68.78

Total Current Liabilities

13,456.27

14,182.37

Total Equity and Liabilities

84,134.42

83,126.25

By Order of the Board of Directors

7.'

Place : Noida

CAN;od Goeoka)

Date : November 07' 2022

Managing Director

Oriental Carbon & Chemicals Limited

  • Regd. Office: Plot No 30-33, Survey No. 77, Nishant Park, Nana Kapaya, Mundra, Kachchh-370415, Gujarat )
    (CIN - L24297GJ1978PLC133845)

Standalone Unaudited Cash Flow Statement for the Half Year Ended September 30' 2022

( Rs. in Lakhs )

Half Year Ended

S.No.

Particulars

Sep 30' 2022

Sep 30' 2021

(Unaudited)

(U naudited)

A.

Cash Flow From Operating Activities

Net Profit before tax

2,897.26

3,397.81

Adjustments for:

Depreciation & Amortisation Expense

1,379.56

1,085.34

(Gain)/ Loss on Sale/ Discard of Property,

Plant & Equipment (Net)

93.26

(184 . 53)

Finance Costs

493.86

2 31 . 8 5

Interest Income

(17.79)

(18 . 75)

Effect of Exchange Rate Change on Borrowings

321.59

125. 71

Bad Advances/ Debts

4.71

0.05

Remeasurement Gain/ (Loss) on Defined

Benefit Plans

1.37

0.93

Income From

Investment segment

(319.77)

(330 . 35)

(Gain)/ Loss on financial assets measured at fair value through Profit or loss

16.63

(186 . 83)

(Net)

Operating Profit before Working Capital Changes

4,870.68

4,121.23

Adjustments for :

Trade and Other Receivables

(860.25)

491.71

Inventories

(261.45)

(939 . 71)

Trade and Other Payables

212.93

(169.48)

Cash generated from Operations before tax

3,961.91

3,503.75

Direct Tax Paid (Net)

(571.77)

(705 . 13)

Net Cash from

Operating Activities

3,390.14

2,798.62

B.

Cash Flow From Investing Activities

Payments for purchase of Property, Plant & Equipment including Capital work in progress, Intangible Assets and Capital Advances

Proceeds from sale of Property, Plant & Equipment

Loans and Advances to Subsidiary/ Other Companies (Net) Purchase and Sale of Non Current Investments (Net) Purchase and Sale of Current Investments (Net) Movement in Fixed deposits with Banks

Income from Investment Segment Received Interest Received

Net Cash (used in) investing activities

C. Cash Flow From Financing Activities

Dividend Paid

Proceeds from Borrowing - Non Current Repayment of Borrowing - Non Current Borrowing - Current (Net)

Repayment of Lease Liability

Interest and Financial Costs paid (excluding Transfer to Capital Work-in­ Progress)

Net Cash from/ (used in) Financing Activities

Net (decrease) in Cash and Cash Equivalents (A+B+C)

Op ening Balance of Cash and Cash Equivalents

Closing Balance of Cash and Cash Equivalentsa.a

MEHTA; /A- Q

Place : Noida

Date : November 07' 2022

(1,227.26)

(2,757.33)

69.48

28 3.2 3

(5.00)

-

142.29

(1,286.30)

782.51

256.74

.

2.16

223.49

210 . 71

7.82

20.01

(6.67)

(3,270.78)

(699.31)

(999.01)

340.00 3,755.06

(2,240.76) (3,178 . 62)

225.06 1 ,2 73.62

(28.42)(28 . 16)

(471.06)(221 . 37)

(2,874.49)601 .52

508.98129.36

46.54159.61

555.52288.97

By Order/1of.the Board of Directors

,, ,,)'J

Grana coenka)

Managing Director

SSKOTHARI MEHTA

  • COMPANY

CHARTERED ACCOUNTANTS

Independent Auditor's Limited Review Report on un-audited standalone financial results of Oriental Carbon & Chemicals Limited for the quarter and half year ended September 30, 2022 pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

To the Board of Directors of

Oriental Carbon & Chemicals Ltd.

  1. We have reviewed the accompanying statement of unaudited standalone financial results ('the Statement') of Oriental Carbon & Chemicals Limited (the Company) for the quarter and half year ended September 30, 2022 attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the Listing Regulations, 2015').
  2. 'This statement is the responsibility of the Company's management and has been approved by the Board of Directors of the Company. The preparation of the statement is in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards 34, "Interim Financial Reporting"(Ind AS), prescribed under section 133 of the Companies Act, 2013 read with relevant rules there under 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 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 financial results are free of material misstatement. A review is limited primarily to inquiries of Company personnel and analytical procedures applied to financial data and thus provides 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 above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited standalone financial results prepared in accordance with applicable Indian Accounting Standards ('Ind AS') prescribed under Section 133 of the Companies Act, 2013 as amended read with relevant rules issued thereunder and other recogni zed accounting practices and policies has not disclosed the information required to be disclosed in terms of the Listing Regulations, 2015, as amended including the manner in which it is to be disclosed, or that it contains any material misstatement.

For S S Kothari Mehta & Company

Chartered Accountants

Firm Reg. no. - 000756N

_ f ­

l a . a '

Partner

Membership No. - 094380

Place: Noida

Date: Z November 2022

UDIN No: 22094380BCIEGY1848

Plot No. 68, Okhla Industrial Area, Phase-Ill,New Delhi-110020

Tel: +91-1146708888 E-mail:info@sskmin.com

www.sskmin.com

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