SANGAM (INDIA) LIMITEDW.HANAWe: run on

CIN : L 17118 RJ 1984 PLC 003173

ValUE through vatue s

Regd. Office: P.B. No. 90, ATUN, Chittorgarh RoadBhilwara - 311001, Rajasthan, INDIA.Phone: + 91-1482-245400-06, Fax: + 91-1482-245450

. Website: www.sangamgroup.com. E-mail: secretarial@sangamgroup.com

Ref: SIL/SEC/2020Date: 04th November, 2020

The ManagerDepartment of Corporate 'ServicesThe National· Stock Exchange of IndiaLtd.Exchange Plaza, 5th Floor,Plot No. C/ 1, G BlockBandra Kurla Complex, Bandra (E)Mumbai - 400051Scrip Code: 5251

The Manager,Department of CorporateServices,Bombay Stock Exchange Ltd.Phiroze Jeejeebhoy Towers25th Floor, Dalal Street,MUMBAI-' 400 001Scrip Code: 514234

Dear Sir/Madam,

Ref: Re&rnlation 30 and 47 of the SED] (Listini Obliiations and DisclosureRequirements) Re&rnlations.2015

Sub: Submission of copy of Financial Results for the Quarter/half-year ended30th September. 2020 published in the Newspapers.

Pursuant to Regulation 30 and 47 of the SEBI (Listing Obligations and DisclosureRequirements) Regulations, 2015, we are enclosing herewith Un-audited FinancialResult for the quarter/half-year ended 30th September, 2020 published .in the'Newspaper "Dainik Bhaskar" [Hindi]" and "BUSiness Standard" (English).

Hope you will find the same in order and take the same on record.

Thanking you.

Yours faithfullyFo;{rSangam (India) Limite~, ".

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A K Jain . -,'. .' ''''')6••. ··-.,..·~.;·-.......- ..--..··{~11

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UPI transactions surpass2-billion mark in OctoberSUBRATA PANDAMumbai, 1 November

Unified PaymentsInterface (UPI), theflagship payments

platform of the NationalPayments Corporation ofIndia (NPCI), recorded overtwo billion transactions inOctober, a milestone thathighlights the faster adoptionof digital payments in a post-Covid-19 world.

The transactions, whichhad crossed the one-billionmark in the first 15 days of themonth, amounted to ~3.86 tril-lion in October.

The NPCI data shows UPIregistered 2.07 billion transac-tions, almost 82 per cent high-er than the 1.14 billion transac-tions reported in thecorresponding month last year.

Launched in 2016, it hadcrossed 1 billion transactionsfor the first time in October2019. While it took UPI threeyears to reach a billion trans-actions in a month, the nextbillion came in just a year.

UPI has rebounded sharplyfrom its fall in April, when itrecorded 0.99 billion transac-

tions as the pandemic-inducedlockdown forced people to cutspending. Since then, transac-tions have more than doubled,despite the economy witness-ing a contraction in the firstquarter.

Experts believe e-com-merce platforms have con-tributed to this, especially inthe festive season.

“As businesses open up, weare noticing a huge uptake inUPI payments as an increas-

ing number of customers optfor digital payments, owing toconvenience and safety. Withthe festive season in fullbloom, October has seen ahuge surge in UPI payments.UPI is set to create new recordsin the times to come as it gainslarger acceptance in our coun-try,” said Ashneer Grover, CEO& Co-founder of BharatPe.

Many suggest transactionsare now moving away from thecard segment to UPI and other

digital payment platforms.According to industry

insiders, UPI has been grow-ing in the P2P and person-to-merchant segments.

Since June, UPI has beenrecording new highs everymonth, with the pandemichelping accelerate its adop-tion. However, UPI is funda-mentally for low ticket sizetransactions, with the averageticket size not more than ~200-300. Credit cards still havehigher transaction paymentvalue.

Immediate PaymentService (IMPS) has alsotouched an all-time high interms of transactions and theirvalue. In October, IMPSclocked almost 319 milliontransactions worth ~2.74 tril-lion. In the correspondingperiod last year, IMPS hadreported 236 million transac-tions worth ~2.12 trillion.

On the other hand, BharatBill Payment System record-ed 23.72 million transactionsworth ~3,961 crore in October.And, FASTag saw transactioncount increase to 122.36 mil-lion, up almost 300 per centfrom last year.

8 ECONOMY & PUBLIC AFFAIRS 1NEW DELHI | MONDAY, 2 NOVEMBER 2020

>

Transaction Transaction count value (bn) (~ trn)

Jan 1.30 2.16Feb 1.32 2.22Mar 1.24 2.06Apr 0.99 1.51May 1.23 2.18Jun 1.33 2.61Jul 1.49 2.90Aug 1.61 2.98Sep 1.80 3.29Oct 2.07 3.86Source: NPCI

THE JOURNEY THIS YEAR

FROM PAGE 1

Hizbul commander Saifullah killed near SrinagarPRESS TRUST OF INDIASrinagar, 1 November

Hizbul Muhajideen (HM) chief SaifullahIslam Mir was killed in a shootout on theoutskirts of Srinagar on Sunday, policesaid, describing it as a huge success forthe security forces.

Mir, 31, also known as Dr Saifullah andGazi Haider, had taken command of theoutfit after the killing of his predecessorRiyaz Naikoo in May this year. He was oneof the most wanted militants in the Kashmir

Valley and involved in several attacks on thesecurity forces, an official said.

Addressing a press conference inSrinagar, Director General of PoliceDilbag Singh said Mir, a resident ofMalangpora village in Pulwama district,was active since October 2014 and wasassociated with slain HM commanderBurhan Wani for a long time.

“We had a successful operation todayin which a top commander (Saifullah),you can say he was the number one com-mander of the HM, was killed. Several

families will heave a sigh a relief as hewas involved in killing of many people.He was active since October 2014 andwas associated with Burhan Wani for along time,” Singh said.

“He had killed many, including threepolicemen. He was behind the killing oftwo truck drivers immediately after theabrogation of Article 370. He attacked aSarpanch in Kulgam recently but he sur-vived the attack. He also had a hand inthe killing of three BJP workers in Kulgamearlier this week,” the DGP said.

‘Stimulus is not a one-time affair’

Do we expect another round ofstimulus in November?We have received suggestions from theConfederation of Indian Industry,Federation of Indian Chambers ofCommerce & Industry, Confederationof All India Traders, micro, small, andmedium enterprises (MSMEs) andother ministries to identify thestressed sectors. Over the past sevenmonths, we have kept our lines ofcommunication and dialogue openwith the industry and other sections ofthe population to frame our response.We are receiving their suggestions andwill take a holistic view. But it is verydifficult to give a timeline.

How different will be the Budget-making exercise this year?There is demand revival. Goods havestarted moving, indicated by e-way billgeneration. Covid numbers are comingdown and the recovery rate is higher.For the budgetary exercise, we areconstantly reviewing the situation.Each sector will get reflected in ourBudget proposals.

What will be the focus of the Budget?We are in discussions with stakeholders.The Department of Expenditure ismeeting every department and collatingsuggestions and needs. I have written toall states, asking them to send in theirsuggestions. We have also written toindustry bodies, MSMEs, and tradeassociations . The Budget discussions willbe via videoconferencing this year as ithas become the norm.

Amid lingering uncertainty due toCovid, will next year’s Budget targetsbe reviewed mid-year?In the entire budgetary system, we havea Budget Estimate. The first revisionhappens during the monsoon session.The inbuilt system is there to review andkeep revising estimates throughsupplementary proposals.

How much shortfall are you expectingin this year’s revenue targets?In certain months this fiscal year, we havehad lower revenue — both direct tax andindirect tax. It is now starting to showpositive signs. At a broader level, theeconomy will see near-zero growth. If thathappens, the actual tax collections willalso be in that range. We need to sustainthis growth momentum. For that, weneed to take adequate precautions to reinin the pandemic without compromisingon economic activity.

How much slippage in fiscal deficit areyou expecting this year?We will know when we work out theRevised Estimates.

Have any of the opposing statesresponded to the GST compensationproposal of borrowing ~1.1 trillion yet?The FM has written to the CMs andrequested them to avail of the options, sothat the money can be given to them. Weremain engaged with them and willcontinue to convince them to avail of theoption and take the money. They’rewelcome to join any time.

EVEN FOR A NEAR-ZERO SITUATION, YOU HAVE TO SHOW STRONGPOSITIVE PERFORMANCE IN H2”

AJAY BHUSHAN PANDEYFinance secretary

Over ~1 trn GST collection...Eight million input-outputsummary returns were filed inOctober. Jain said this wasbecause the last date for claim-ing input tax credit for 2019-20was September 30 and a lot ofcompanies must have carriedout a yearly reconciliation andasked their vendors to filereturns or report missing trans-actions, among other factors.

“We remain as yet uncon-vinced on the persistence of thistrend after the festive season isover, after the pent-up demandis fulfilled,” said Aditi Nayar,principal economist, ICRA.

M S Mani, senior director atDeloitte, said GST collectionindicated a definite revival inconsumption and festivalspends in the economy.

“The continuance of thistrend will help in narrowing thefiscal deficit for 2020-21 and willgo a long way in reviving busi-ness confidence across sectorsas the impact of unlockdownacross states gets translated intoGST collection figures,” said

Mani. All components of GST— central GST (CGST), stateGST (SGST), integrated GST(IGST), or the compensationcess — were higher in Octoberthan in September.

For instance, CGST yielded~19,193 crore in October, against~17,741 crore in September, andSGST ~25,411 crore in October,against ~23,131 crore in the pre-

vious month. IGST collectionstood at ~52,540 crore inOctober, against ~47,484 crorein September. Of this, ~23,375crore was collected throughimports of goods, against~22,442 crore.

Compensation cess collec-tion rose to ~8,011 crore, against~7,124 crore. Of this, ~932 crorewas through imports of goods,

against ~788 crore in September.Abhishek Jain, tax partner,

EY, said, “This uptick in collec-tion on a month-on-monthbasis and over the same monthlast year is a welcome one.”

He attributed this to greaterdemand on account of the fes-tivities and input tax credit andother similar reconciliationswhich were due to businessesin September. In October, rev-enues (IGST) from imports ofgoods were 9 per cent higherand collection from domestictransactions (including importsof services) was 11 per cent morethan those from these sourcesduring the same month lastyear. This also indicates revivalin demand in the economy. Thenumber of states showing a fallin GST collection from domestictransactions reduced to six inOctober, from 14 in September.

Kapil Rana, founder andchairman of HostBooks, saidgrowth in GST collection andreturns filed depicted strong eco-nomic recovery.

2019 2020 Growth in %

January 102,503 110,818 8.11February 97,247 105,366 8.35March 106,577 97,597 -8.42April 113,865 32,172 -71.74May 100,289 62,151 -38.03June 99,939 90,917 -9.03July 102,083 87,422 -14.36August 98,202 86,449 -11.97September 91,916 95,480 3.88October 95,379 105,155 10.25Source: Finance ministry

OCTOBER SEES 10% GROWTHGST collections (~ cr)

At a broader level, the Indian economy willsee near-zero growth and the actual taxcollections will also be in that range, saysFinance Secretary AJAYBHUSHAN PANDEY. Inan interview with Dilasha Seth & IndivjalDhasmana, Pandey focuseson the need to sustain this growthmomentum and to rein in the pandemicwithout compromising on economic activity.Edited excerpts:

Abbott India LimitedCIN: L24239MH1944PLC007330

Regd Office: 3, Corporate Park, Sion-Trombay Road, Mumbai - 400 071

Tel No.: 022-5046 1000/2000/6797 8888 Fax No.: 022-5016 9400

Email Id: investorrelations.india@abbott.com Website: www.abbott.co.in

NOTICE

Pursuant to Regulation 47 (1) (a) of the Securities and Exchange Board of India

(Listing Obligations and Disclosure Requirements) Regulations, 2015, Notice is

hereby given that a Meeting of the Board of Directors of the Company is scheduled

to be held on Wednesday, November 11, 2020, interalia, to consider and approve

the text of Unaudited Financial Results of the Company for the second quarter and

half year ended on September 30, 2020.

The copy of this intimation shall also be available on the website of the Company at

www.abbott.co.in and on the website of the BSE Limited www.bseindia.com.

Abbott India Limited

Mumbai Krupa Anandpara

November 2, 2020 Company Secretary

Membership No.: ACS16536

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