Orient Paper & Industries : Dividend

fie. CK BIRLA GROUP I	ORIENT
�		PAPER
May 29, 2022
The Secretary	The Manager
BSE Limited	Listing Department
Corporate Relationship Department,1st floor	National Stock Exchange of India Ltd
New Trading Ring, Rotunda Building,	Exchange Plaza, C-1, Block G, 5th Floor
P.J. Tower, Dalal Street, Fort	Bandra-Kurla Complex
Mumbai-400001	Sandra (E) Mumbai-400051
BSE Scrip Code: 502420	NSE Symbol: ORIENTPPR

Sub: Outcome of the Board Meeting of the Company held on 29th May, 2022

Dear Sir,

Pursuant to Regulation 30 of the SEBI (listing Obligations and Disclosure Requirements) Regulations, 2015 ('listing Regulations'), we hereby inform you that the Board of Directors of the Company at their meeting held today, i.e. 29th May, 2022, inter-alia, considered and:

1. Approved the Audited Financial Results for the quarter and financial year ended 31st March, 2022. A copy of the Audited Financial Results for the quarter and financial year ended 31st March, 2022, along with the Statutory Auditors Report thereon is enclosed herewith as per the requirement of Regulation 33 of the Listing Regulations. We hereby confirm that the Statutory Auditors of the Company, M/s. Price Waterhouse & Co Chartered Accountants LLP (Firm Registration No. 304026E/E-300009) have issued the Audit Report with unmodified opinion on the aforesaid Audited Financial Results.

2. Decided to appoint M/s. B S R & Co. LLP Chartered Accountants (Regn. no. 101248W/W-100022) as the Statutory Auditors of the Company for a period of five years commencing from the conclusion of the forthcoming Annual General Meeting ('AGM') of the Company in place of M/s. Price Waterhouse & Co. Chartered Accountants LLP (FRN 304026E/E-300009) whose term of appointment shall expire at the conclusion of the forthcoming AGM.

3. Recommended a dividend of Re.0.25/- (25 %) per equity share of Re.1/- each for the year ended 31st March 2022, subject to the approval of shareholders at the ensuing Annual General Meeting (AGM) of the Company.

i-�O

The meeting of the Board of Directors commended at 7.00 PM and concluded at ------- PM

The above information is also being made available on Company's website www.orientpaperindia.com

Yours faithfully, ----

For ORIENT PAPER & INDUSTRIES LIMITED

_- '

�� �

(P.K.

Sonthalia)

President (Finance)

Encl. as stated above.

Orient Paper and Industries Limited

Birla Building 9th fl, 9/1 RN Mukherjee Road, Kolkata 700001, India [phone] Email: [e-mail]

Registered Office: Unit VIII, Plot No 7, Bhoinagar, Bhubaneshwar 751012, India www.orientpaperindia.com

CIN: L21011OR1936PLC000117

	@cK BIRLA GROUP I �iENT
	ORIENT PAPER & INDUSTRIES LTD.
	(Read. Office : Unit VIII	Plot 7. Bholnagar Bhubaneswar - 751012 {Odisha)l
	Tel:{0674)2396930 Fax{0674) 2396364.E-mail:[e-mail]
	CIN: L21011OR1936PLC000117
	Statement of Audited Financial Results for the Quarter and Year ended 31st March 2022
"'·						(Rs. In lacs)
No.	Particulars		Quarter Ended		Year Ended
		31-03-2022	31-12-2021	31-03-2021	31-03-2022	31-03-2021
		(Refer note no. 4)		(Refer note no.4)
		(Audited)	(Unaudited)	(Audited)	(Audited)	(Audited)
1	Income
	(a) Revenue from Operations	19,113.64	16,419.31	15,456.52	58,565.12	44,335.75
	(b) Other Income	341.49	74.57	388.46	916.67	960.50
	Total Income (a+b)	19,455.13	16,493.88	15,844.98	59,481.79	45,296.25

• Expenses

	(a) Cost of Raw Materials Consumed	4,049.75	5,155.13	4,205.79
	(b) Changes In Inventories of Finished	2,010.26	(295.30)	1,351.85
	Goods and Work-In-progress
	(c ) Power & Fuel	5,953.06	4,781.14	3,282.15
	(d) Employee Benefits Expense	2,060.90	2,098.51	2,068.34
	(e) Finance Costs	133.17	125.21	186.55
	(f) Depreciation and Amortisation Expense	772.33	771.62	796.52
	(g) Other Expenses	4,576.05	4,557.86	4,017.40
	Total Expenses	19,555.52	17,194.17	15,908.60
3	Profit I (loss) before Tax (1-2)	(100.39)	(700.29)	(63.62)
4	Tax expenses	119.62	(349.50)	319.58
5	Net Profit / (loss) for the period (3-4)	(220.01)	(350.79)	(383.20)
6	Other comprehensive Income not to be	(5,516.02)	(5,258.98)	9,085.88
	reclasslfled to Profit and Loss In subsequent
7	periods (net of tax)		(5,609.77)	8,702.68
Total comprehensive Income for the period (5+6)	(5,736.03)
8	Paid-up equity share capital (Face value per	2,121.96	2,121.96	2,121.96
	share : Re.1/-)

• Other Equity

10 Earnings per Equity Share of face value of Re.1/-

each (Not Annualised)		(0.17)	(0.18)
Basic and Diluted	(0.10)

Notes:-

17,191.28 549.06 17,388.74 8,133.91 497.95 3,120.17 16,992.15

63,873.26 (4,391.47) (1,503.82) (2,887.65) 11,903.67

9,016.02 2,121.96 1,53,163.60

(1.36)

14,216.04 (403.78) 11,630.46 8,072.23 660.12 3,239.03 14,158.44 51,572.54 (6,276.29) (1,621.71) (4,654.58) 26,245.96

21,591.38 2,121.96 1,44,678.04

(2.19)

The Board recommends a dividend of Rs. 0.25 (25%) per share on equity shares of the Company.

• The above financial results were reviewed by the Audit Committee and taken on record by the Board of Directors of the Company at their respective meetings held on 29th May, 2022. The financial results for the year ended 31st March, 2022 have been duly audited by the Company's Statutory Auditors.

• The Company has made an assessment of the impact of the continuing Covid-19 pandemic on its current and future operations, liquidity position and cash flows giving due consideration to the Internal and external factors. The Company Is continuously monitoring the situation and does not foresee any significant continuing Impact on Its operations and the financial position as at 31st March 2022. However, considering the unpredictability and Inherent uncertainty of the potential future Impact of the COVID 19 pandemic, the Company's financial statements may differ from that estimated as on the date of approval of these financial results.

• The figures of last quarter for the current year and the previous year are the balancing figures In respect of the full financial year ended 31st March and the unaudited published year to date figures upto third quarter ended 31st December, which were subject to limited review.

• Tax expenses Include deferred tax and Is after adjusting MAT credit entitlement.

• The Company Is primarily engaged in single reportable operating segment viz. Paper and hence no segment disclosure is required.
  7 Previous period figures have been regrouped I rearranged wherever necessary to conform to the current period's classification.

ASHWIN	Digitally signed by
J
	ASHWIN J LADDHA
LADDHA	Date: 2022.05.29
20:45:21	+05'30'

	Statement of Cash Flows:		(Rs. In lacs)
	Particulars	Year Ended	Year Ended
		March 31, 2022	March 31, 2021
		(Audited)	(Audited)
(A)	Cash flows from operating activities:
	Profit /(loss) before Income tax		(6,276.29)
	Adjustments for:
	Depreciation and amortisation expense	3,120.17	3,239.03
	Finance Costs	497.95	660.11
	(Gain)/ loss on sale of property, plant and equipment (net)	11.35	(0,78)
	Bad debts / advances written off (net of reversals)		0.49
	Provision for doubtful debts and advances	8.49
	Rental income from investment properties	(220.53)	(206.21)
	Unspent liabilities, provisions no longer required and	(27.64)	(196.70)
	unclaimed balances wrijten back
	Unrealised foreign exchange loss/(gain} (net}	1.48	1.10
	Interest income	(41.24)	(48.11)
	Dividend income	(478.73)	(287.76)
	Operating proflV (loss} before changes In operating assets and liabilities	(1,520.17}	(3,115.12)
	Increase/ (decrease} in trade payables, other liabilities and provisions	10.93	(793.28)
	(Increase} /decrease in inventories	408.91	671.25
	(Increase)/ decrease in biological assets	69.53	157.15
	Decrease in trade receivables, loans and advances and other assets	(1,425.77)	616,67
	Cash generated from/ (used In) operations	(2,456.57)	(2,463.33}
	Income taxes (paid} / refund (net)	8.64	463.16
	Net cash outflow from operating activitie�	(2,447.93)	(2,000.17}
(B}	Cash flows from Investing activities:
	Proceeds from disposal of property, plant and equipment	0.63	13,63
	Payments for acquisition of property, plant and
	(12,614.28}	(1,906.89}
	equipmenVintangible assets
	Proceeds on disposal of investments in equity shares	3,162.17	616.26
	Rental income from investment properties received	220.53	206.21
	Interest received	29.59	82.85
	Dividend received	478.73	287.76
	Fixed deposits withdrawn (net}	13.12	35.15
	Net cash outflow from Investing activities	(8,709.51}	(665.03)
(C}	Cash flows from financing activities:		4,572.74
	Proceeds/ (Repayment} of long-term borrowings	7,250.00
		763.92
	Proceeds of short-term borrowings	4,935.25
		(112.28)
	Principal element of Lease payments	(121.67)
		(108.76)
	Interest elements of Lease payments	(97.42)
		(495.45)
	Interest paid	(976.05)
		(0.17)
	Interest expense on income tax	(0.05)
		(51.25)
	Other borrowing costs paid	(86.99)
		(1,059.23}
	Dividend paid	(530.02)
	Net cash Inflow from financing activities	10,373.05	3,509.52
	Net Increase In cash and cash equivalents (A+B+C)	(784.39)	844.32
	Cash and cash equivalents at the beginning of the financial year	1,174.58	330.26
		1,174.58
	Cash and cash equivalents at the end of the year	390.19
			By Order of the Board
		for ORIENT PAPER & INDUSTRIES LTD.
			ASHWIN J
	AMLAI		LADDHA
		(Ashwln J. Laddha)
	29th May, 2022		Managing Director & CEO
		(DIN 09538310)

Balance Sheet:

Particulars

ASSETS

1. Non-current Assets

1. Property, Plant and Equipment
2. Right -of-use assets
3. Capital Work -in-progress
4. Investment Properties
5. Intangible assets
6. Biological assets other than bearer plants
7. Financial Assets
8. 1. Investments
   2. Other Financial Assets
9. Non- current Tax Assets (Net)
10. Other Non- current Assets

Total-Non-currentAssets

2. Current Assets

1. Inventories
2. Biological assets other than bearer plants
3. Financial Assets
4. 1. Trade Receivables
   2. Cash and Cash Equivalents
   3. Other Bank Balances
   4. Loans
   5. Other Financial Assets
5. Other Current Assets

Total-Current Assets

TOTAL· ASSETS

EQUITY AND LIABILITIES

Equity

1. Equity Share Capital
2. Other Equity

Total-Equity

LIABILITIES

1. Non - current Liabilities

1. Financial Liabilities
2. 1. Borrowings
   2. Lease Liabilities
3. Employee benefit obligations
4. Deferred Tax Liabilities (Net)

Total-Non-current Llabllltles

2. Current Liabilities

1. Financial Liabilities
2. 1. 1. Borrowings
   2. Lease liabilities
   3. Trade Payables
   4. 1. Total outstanding dues of micro and small enterprises
      2. Total outstanding dues of creditors other than micro and small enterprises
      1. Other Financial Liabilities
3. Employee benefit obligations
4. Current tax liabilities (net)
5. Other Current Liabilities

Total-Current Liabilities

Total Liabilities

TOTAL - EQUITY AND LIABILITIES

(Rs. In lacs)

As at March 31, As at March 31,

2022 2021

(Audited) (Audited)

1,27,628.69 1,29,953.28

584.52 554.72

18,083.19 5,386.71

1. 620.36

1. 16.43

1. 41.91

53,842.41 43,565.38

1. 424.61

1. 368.07

2,358.55 1,972.00

2,04,059.08 1,82,903.47

6,588.90 6,997.81

57.53 125.98

2,308.44 2,365.00

1. 1,174.58

1. 166.08

1. 2.37

1. 102.71

3,658.75 2,203.55

13,193.04 13,138.08

2,17,252.12 1,96,041.55

2,121.96 2,121.96

1,53,163.60 1,44,678.04

1,55,285.56 1,46,800.00

6,750.00 4,691.84

491.15 510.85

632.69 731.98

25,564.53 25,136.19

33,438.37 31,070.86

13,646.00 3,518.91

118.26 98.85

392.39 233.61

8,557.67 8,761.83

3,180.24 2,810.52

678.76 1,099.56

67.47

1,954.87 1,579.94

28,528.19 18,170.69

61,966.56 49,241.55

2,17,252.12 1,96,041.56

ASHWIN Digitally signed

• LADDHA Date: 2022.05.29by ASHWIN J

LADDHA 20,4s,42 +os·30•

Price Waterhouse & Co Chartered Accountants LLP

IndependentAuditor's Report

To theMembers ofOrient Paper & Industries Limited

Report on the Audit ofthe Financial Statements

Opinion

Basisfor Opinion

Emphasis ofMatter

Key audit matters

<	,1
Price Waterhouse & Co Chartered Accountants LLP, Plot No. 56 & 57, Block DN,
Kolkata - 700 091, India
T: [phone] / 44662000, F: [phone]
Registered office and Head office: Plot No. 56 & 57. Block DN, Sector-V. Salt Lako, Kolkata • 700 091
Price Waterhouse & Co. (a Partnership Firm) converted into Price Waterhouse & Co Chartered Accountants LLP (a Limited Liability Partner5hip with LLP identity no:
LLPIN AAC�4362) with effect from July 7, 2014. Post Its convorsk>n to Prico Waterhouso & Co Chartered Accountants LLP, its lCAI registration number Is
304026E/E300009 (ICAI registration number before convorsion wa• 304026E)