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D-Link®Building Networks for People
D-Link (India) Limited
Ref: DLK/L&S/2020-21/02-2
6th F`ebruary 2021
To'BSE Lindted25th Floor, P.J. Towers,Dalal Street,Munbai4cO 001
Scrip Code: 533146
Sub: Outcome of the Board Meeting;
Dear Sir,
To'National Stock Exchange ofIndia LimitedExchange Plaza, Bandra kurlaComplex, Bandra (East) ,Mumbai- 400 051.Symbol: DLINKINDIA
Pursuant to regulation 33 of SEBI (Listing Obligations and DisclosureRequirements) Regulations, 2015, we would like to inform that, the Board ofDirectors at its meeting held today i.e. 6th February 2021 has considered andapproved the following;
1) Un-Audited Financial Results (Standalone & Consolidated) for thequarter ended 31St December 2020.
The copy of Un-Audited F`inancial Results along with limited reviewreports of the Auditors (Standalone & Consolidated) are enclosedherewith.
2) Regularisation of appointment of Mr. Vinay Joshi as Chief FinancialOfficer of the Company. Mr. Joshi was appointed as Interim ChiefF`inancial Officer of the Company effective 8th February 2020.
The Board Meeting commenced at 2:30 p.in. and concluded [email protected].
Kindly take into record and disseminate the information.
Thanking You ,Yours faithfully,
SHRINIVAS AI)IKESARCOMPANY SECRETARY
Corpo.ate Offlco Kalpata" Squaie, 2ndFloor. Unit 24. Kondlvlta Lane. Off Aridhen Kurla Fload, Andherl (E). Mumbal -400 059 Tel ' +91-22-29215700 Fax +91-22-28301901Regls`ored Office Plot No u02B, Verna lndustrlal Estate, Verna, Salcotte. Goa -403 722, lndia Tel +91-a32-2805 800 . Fax +91-832-288§ 823Holpdesk + 91-co2-2856 3cO (Local & STD charges Apply) or Toll Free No 1860-233-3999 e-maH helpde§k@in dllnk com CIN 172gooGA2008PLC005775
www.dllnk.co.in
D-Link:' D-Link (India) LimitedBK\jg.ilWK#f8PLqrAhint$b flqRBkS.oxE rix,INCiAL ltt;sul.is } un iuE QtAK iEnAnU niNE Noun lns ENDED
Sr. I I'articula rsNo.
Quartcrended I Quartcrendcd I Quartcrcnaca I ninemonths r Ninemonths31.12.2020 1 30.09.2020 1 31.12.2019 1 ended31.12.2020 jcnded31.12.2019[Tnauditcd I I.rnauditcd I t]nauditcd.. I ],unaudited I Unaudited
? in LakhX'ear ended3 1 .03.2020
Audited
Rcx cnue from opeOther income
8 .042 .5 0}0.66
9,359.2 1
[45.95
9,505.16
50.203.24465.66
56.S65.6645 1 .34
72,552.56770.S8
Tot. (1+11)
E xl)c lifesPurchases of stock-in-trade
Changes in inventories of stock-in-tr8dl[ttlploycc benefits expense
Dei)reciation and amortization expenseDthcr expenses
F
L6.824 .40(9 1 .91 )80 1 . ] 6
8
97.301 ,296.43
3.000,091 .925 .69
642.2614.1697.3 1
,272 .58
L6.909.56(864.40)
67 ] .541 .29
L06.261 ,501 .88
38 .387.963.528.59
.977.8750.48
293.32
3,74 1 .92
48.1 94.6 1li.797 .84 )2.105. 1 1
22.4631 7.96
4,559 07
61 .393 .92(1,658.90)
.6 14 .2038.30
420.286,1 74.5 1
Total expenses
V IProfit before exceptional items and tax(lll-lV)
8,9+8:!$
1 ,253.5 1 1 ,251 .07 1 ,1 69.03 2,688.76 3,6 1S.63 4J40.83
VI IElccptionalitcms(Refer note 2)
4.798.00Vllll,ioflt before tax {V-VI) 1 ,2 53 .5 1 1 ,2S1 .07 2,688.76 3,6 12 .49
l:ix elpc'nscCui)ckrred tax
E\cass) / Short prwritten back
304.9933.10
(16.00)
322.09
344.09
317.32
269.7644.9040.48
701 .1 10.77
(16.00)
813 .04L0.6]40.48
.095.1 1
254.2240.48
lng to
Profit for the period / yea (Vll-Vl11) 812.84 2,002.88
1 ,389.8 1
3 ,408.1 9
X IOthcr comprchcnsihat will not be
Remcasuremcnts of the defined benefit pltax relating to items that will not bt
:d to proHlt or lossTot:il other comprchcnsi
.9}) I s.540.73 I (i 81)
(2.18)
r6.ia I (1.66) 1(to.47) 1(l0,68)i.55 1 0.42 1 2.64 1 z.69
(7.99)e income (nct of taxes)
*- l::::!::=C:."'c income for tile period / 937.48
710.10
808.25 2 ,00 1 .61
710. 10
2,5J0.S3
710.10
3,400.20
710.10XlllPaid up equity share capital
1.'ace \ duc of lts. 2/- per share)21,977.27
XIVIE:irnings pei' c(lu}'ace value of lts. 2/- 1
) Basic (in Rs.)(2) Diluted (in Rs
(Note : EPS for the respective quarters arc not
2.62
2.62
2.63
.63
.299.60
For and on behalf of the Board of Direct-f D-Link (India) Limited
CiN = L72:9g942008PLCOOS77S
jj:jjjj:Satcto. & CEODIN No. 069845 1 8
Nlumbai, 6th Februitry 202 1
:8+91.22.a215700 Fax + 91-22-2830 1901m CIN . L72900(;A2008PLC005775
www rllink.co.in
1>-Link: D-Link (India) LimitedBuilding Networks for People
The above unaudited stmldalone tlnailcial results have been reviewed by the Audit Committee and approved by the Dowd of Directors at itsbleating held on 6th February, 2021 . The statutory auditors have expressed an unmodified opinion. The standalone financial results have been
prepared in accordance with Ind AS prescribed under Section 133 of Lhe Companies Act, 2013, and other recognised accounting practices andpolicies and is itl compliance with Regulation 33 of the SEBI (Listing Obligations and Dislcosure Requirements) Regulations,2015.
Company received the ady udication orders from Additional Director General Customs,(ADG) DRI dated 26th May 2020, partially setti
denlald of duty and confirming the liability of Rs. 54.54 lakhs, excluding interest. In light of the order, the Company reversed tlprovision of Rs. 460.3 1 1akhs during the quarter ended 3 1 st Mach 2020During this quarter, the custotils department has Riled al appeal in Customs, Excise & Service Tax Appellate Tribunal against one of thpassed by the ADG- DRI
ig aside
orders
Company has considered the possible impact of events arising from COVID-19 pandemic and the resultant lockdowns in the preparation of the
standalone llnimcial results including but not limited to assessment of Company's liquidity and going concem, receivables, inventory and supplychain etc. The impact of pandemic may be different from that estimated as at the date of approval of these standalone Hinancid results. Considering
\isting uncertainties, the Company will continue to closely monitor any material changes and consequential impact on its standalone financialnits
4
5
'he Ci )pang' operates in a single reportable business segment named: 3tworking products
'he resul .s of the Company arc avail able For investors at dlink.co . ww.nseindia.com and wwlv.bseindia.com
For and on behalf of the Board of Direct
of D-Link (India) Limited
CIN : L72999iS$3O08PLCO05775KZK.N'managing't)irector & CEODIN No. 069845 18Mumbai, date. : 6th Februu 202 1 .z#'
-n-/\H dl i r] k rn in
B S R & Co. LLPChartered Accountants
14th Floor, CentraIB Wing and North C Wing,Nesco IT Park 4, Nesco Center,Western Express Highway,Goregaon(East), Mumbai- 400 063
Telephone: +91 22 6257 1000Fax: +91 22 6257 1010
Limited review report on Unaudited Quarterly and Year-to-dateStandalone Financial Results of D-Link (India) Limited under Regulation33 of the SEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015
To the Board of Directors ofD-Link (India) Limited
We have reviewed the accompanying Stateillcnt of ujlaudited standalone financial results of D-Link ( hldia) Limited ("the Company '") for the quailer ended 3 I December 2020 and }'ear to dateresults for the pel'iod flim I April 2020 to 3 I December2020 ("the Statement")
l 1+1is Statement, -.Thigh is the responsibility of the Company's management and approved bythe Board of Directors, has been prepared in accordance with the recognition and measurement
principles laid down in Indian Accounting Standard 34 ''In/eri/n .FfJzczncia/ ./?eporr//zg" (''lndAS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accountingprinciples generally accepted in India and in compliance with Regulation 33 of the SEBI( Listing Obligations and Disclosure RequireKllents) Regulations. 2015 ("Listing Regulations")Our responsibility is to isst.ie a report on the Statement based on our review
3. We conducted our review of the Statement in accordance with the Standard on ReviewEngageiiients (SRE) 2410 "Ret leIF oJ /nrerf//i Ffnanc/a/ //{Hnr rarzon Peiybr//zcd 6y f/ze
/nde/w//dr/i/ H difor (f //re fn/ip " issued bl ' the Institute of Chartered Accountants of India.This standard requires that we plan and perform the revie'vv to obtain moderate assurance as towhether the Statement is free of material misstatement. A review is limited primarily toinquiries of company personnel and analytical procedures applied to financial data and thusprovides 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 condi.acted as above, nothing has come to our attention that causes us to
For B S R & Co. LLPCitartetedAccou} ttatlts
Firm's Registration No. 1 01248W/W-1 00022
ParttletMembership No. 1 13959
UDIN: 21 1 13959AAAABJ9754Mumbai6 February 202 1
Co. fa partnerstiip firm willi Re8istratParr\ership with LtP Reel:[a LiiniteCJ Li€ibihtv
23) converted into B S R & Ca. LLP
LB-8181) with effect frclrti Octot)er
14thwes
Wing andighway. Gor
inR. Nesca IT Park 4, Nesco Centleast), Mumbai - 400063
D.Link: 1)-Link (India) LimitedLakh
Building Networks for PeopleLIDATl:l) l;IN.\NCI \l RI.SL'LI'S FOR TILE QLT \ITER /\XD NINE N10NTflS ENDED 31ST DECal\l BER 2i
Quarterended I Quarterended I Ninemonths I Ninemonths I 'b'earended30.09.21}20 1 31.12.2019 1 ended31.12.2020 1 ended31.12.2019 1 31.03.2020
lrnauditcd I I.unaudited I lrnaudited I lrnaudited . I Audited
11
lll ITotal income (1+11)
IV ll.xpcnses1)urchascs ol ' stock-in-trade
ul in\ cnloncs ol' stock-in-tradebenefits c-x})case
8,423.57I BO. 1 9
.601.76
51 .395 .0952863
74.007.87904.04
:66 ]13681336.7 1
S
3.000.09.92S 69893 8 1
20.]236.
32
1 6.909.S6r864.40:
91 6.9 ]L 9.42}5.28
.55 t . 1 8
38,3 87 .963.528.S92.775.05
68.901 .38
3,869.40
18.194.61
,797 84)2,864.8 1
48.67}32.79
4,703.33
6 1 .393 .92( 1 ,658 .90 )
3.668.3071.99
574.386,368.99
'oral expenses
roHit before exccptionalitems and tax fill-lV)
items ( refer note 2)\'l
before t:tx (V-VI)\rll
lv'lllJTax expense
for tax relating; to earlier yaws written
t2iZ.27
2800S46.6640.48
:d tax
Excess) / Short pr[k / charged
322.2933.36
.00)77)
84 1.67
110.93
40.48
L092:4736i048
IX IPront ft [\'ll-\'1 11)
hcr comprchdint wil
li
be reclassified t(Lhc defined I)
iS to items thator loss
13.34
(3 .78 )( 19.79 (21.17)
5.33
d
'otalcomprcltcnsive income for the period/ year(IX+X)
)refit atuibutatOwners of th-
Non-conUol
2. 1 47 .5a
:9.34Othl0 )f dte Comp.
rolling it
preheio\\TierNon-cod
2,1 38.22
10.10up equity sha rc capitalxv
'acc value Of Rs. 2/- 1)er share)
equit)x\'l
Earnings per c(luit} share (EPS)Face \ Blue of lts. 2/ per share)
Basic (m Rs.
(2) Dilutccl (nl Rs.EPS lbr the respective (luaitcrs are not annualised)
See accompanying notes to the
2.38
2.38
os.05
7.4
7.4
kFor &nd on behalf of the Board of Df D-Link (Inflip) Lintited
CIN : L7:Syi)(i$ZO08PLCOOS77S
Nlana81r\.I)irector & CEODIN No. R)9S4S 1 8
5700 Fax:+91-22-2830 1901
OGA2008PLC005775
taltK/w drink cn in
D-Link: D-Link (India) LimitedBuilding Networks for People
The above unaudited consolidated financial results havNicotine llcld on 6th Februar\' 202 1 . Tile statutory
hitve been prepared in accordance with Ind AS pre::counting pnictices and policies and is in compliance
Regulations,20 1 5
been reviewed by the Audit Coillmittee and approved by the Board of Directorseditors have expressed an unmodilled opinion. The consolidated financial results;riled under Section 133 of the Companies Act, 2013, and other recognised
Regulation 33 of tile SEBI (Listing Obligations and Dislcosure Requirements)
2 Tile Companysetting aside thireversed tl)e
During this qualorders passed bl
ceived tile adjudication orders from Additional Director Gcncra] Customs,(ADG) DR] dated 26th May 2020, partiallydemand of' duty and confirming the ]i:lbi]ity of Rs. 54.54 ]akhs, excluding interest. In light of the order, the Company
provision oJ ' Rs. 460.3 1 1akhs during the quarter ended 3 1 st March 2020:r, the customs department has tiled an appeal in Customs, Excise & Service Tax Appellate Tribunal against one of thethe ADG- DRI
3 Tile Group has considered the possible impact of events arising from COVID- 1 9 pandemic and 6e resultant lockdowns in the preparationtile consolidated financial results including but not limited to assessmcllt ofGroup's liquidity and going conccm, receivables, inventory
ld supply chaitt ctc. The itnpact ol' pandemic mal ' be ditltrent from that estimated as at the date of approval of these consolidatedncial restllls. Considering the existing uncertainties, the Group will continue to closely monitor any material changes and
consequential impact on its consolidated llnancial result:
4 Parent Coiportable busit:tworking pro
t\ny operates in a single reportable bt;s segnlcnt nanlcly services relating to
[s and related services in relation to s
less segment namely networking products. The Subsidiary operates in a single)tworking products, The Group is primarily engaged in the business of providingrarity features which is the only reportable business segment.
5 The results ol'tile Company are avail:tbll ;lars at w ww.drink.co. iseindia.com and www.bseindia.com
&For and on behalf of the Board of Direct
wf D-Link (India) Limited
Nlumbai, date : 6thFebruaO ' 20=DIN No. 069845 18
Corporate OfficeRegistered OfficeHelpdesk
s700 Fax:+91-22-283a 1901
OGA2008PLC005775
www dli nk cn.i n
B S R & Co. LLPChartered Accountants
14th Floor, CentraIB Wing and North C Wing.Nesco IT Park 4, Nesco Center,Western Express Highway,Goregaon least), Mumbai- 400 063
Telephone: +91 22 6257 1000Fax: +91 22 6257 1010
Limited review report on Unaudited Quarterly and Year-to-dateConsolidated Financial Results of D-Link (India) Limited under Regulation33 of the SEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015
To the Board ofDirectors ofD-Link (India) Limited
We hax.e reviewed the accompanying Statement of unaudited consolidated financial results ofD-Link (India) Limited ("the Parent") and its subsidiar) (the Parent and its subsidiary together
referred to as "the Group"), for the quarter ended 3 I December 2020 and year to date results forthe period from I April 2020 to 31 December2020 ("Lhe Statement"), being submitted by theParent pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations andDisclosure Requirements) Regulations, 2015, as amended ("Listing Regulations")
This Statement, which is the responsibility of the Parent's management and approved by thePatent's Board of Directors, has been prepared in accordance with the recognition and
measurement principles laid do'Kvn in Indian Accounting Standard 34 "In/eri//z .Fi/zancfa/Repo/ring" ("lnd AS 34"), prescribed tmder Section 1 33 of the Companies Act, 2013, and otheraccounting principles generally accepted in India and in compliance with Regulation 33 of the
Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our
3 We conducted our re'view of the Statement in accordance with the Standard on Review
Engagements (SRE) 24 10 "Re\ie ' oa /nrerl//I /fna/icfa/ //!lor//iariopz Prob/'/ned 6y /he
/ndc/;c'nde//r .4udf/o/' od r/ze fnrfry". issued by the Institute of Chartered Accoumants of India. Areview of interim Htnancial information consists of making inquiries, primarily of persons
responsible for financial and accounting matters, and applying analytical and other reviewprocedures. A review is substantially less in scope than an audit conducted in accordance
with. ..I J
Standards on Auditing and consequently does not enable us to obtain assurance that we wouldbecome aware of all significant matters that might be identified in an audit. Accordingly, 'we do
not express an audit opinion.
We also pert omled procedures in accordance with the circular issued by the SEBI tmder
Regulzttion 33(8) ot'the Listing Regulations, to the extent applicable
6.Jhe Statement includes the results of TeamF I Net'',works Private Limited, the subsidiary.4
LLP IBX6i2Z31 converted into B S R & Co. LLF
XAO-B181.1 witty effect from Oclol)er
North C Wing. Nesco IT Park 4, Nesco Center.ath floor. Central B Wing andWestern Express Highway, Goregaon least). Mtlmbai- 400D63Co. [a partncrstiip
la Limtle<1 Liability P.irtnel
B S R & Co. LLP
Limited review report on Unaudited Quarterly and Year-to-dateConsolidated Financial Results of D-Link (India) Limited underRegulation 33 of the SEBI (Listing Obligations and DisclosureRequirements) Regulations, 2015 fran//nlredP
D-Lin]{ (india) LimitedBased on our review conducted and procedures performed as stated in paragraph 3 above,nothing has come to our attention that causes us to believe that the accompanying Statement,
prepared in accordance vv'ith the recognition and measurement principles laid down in the
afoiesaid Indian Accounting Standard and other accounting principles generally accepted inIndia, has not disclosed the information required to be disclosed in terms of Regulation 33 ofthe Listing Regulations, including the manner in which it is to be disclosed, or that itcontains any matcrialmisstatement
For B S R & Co. LLPCltarteredAccoutltatlts
Firm's Registration No. 101248W/W-1 00022
Mumbai6 February 2021
warblerMembership No. 1 13959
UDIN: 21 1 13959AAAAB147 1 9
