Laxmipati Engineering Works Ltd — Board Meeting, 27-05-2025: Board Meeting

LAXMIPATI ENGINEERING WORKS LIMITED

Regd. Office: Office Block, First Floor, Plot No. 237/2 & 3, Sub Plot No. A/25, Central Park Soc. GIDC, Pandesara, Surat-394221

E-mail: cs@laxmipatiengineering.com,Website: www.laxmipatiengineering.com,Tel. No. 0261-2894415/16,

CIN: L35111GJ2012PLC068922

Date: 27/05/2025

To,

BSE Limited

Phiroze Jeejeebhoy Towers,

Dalal Street,

Mumbai – 400001

Dear Sir/Madam,

Scrip ID/ Code/ ISIN : LAXMIPATI/ 537669/ INE920P01019

Subject : Outcome of Board Meeting of the Company held on May 27, 2025 and

submission of Standalone Audited Financial Results for the half year

and year ended on March 31, 2025

Reference No. : Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure

Requirements) Regulations, 2015.

The Board of Directors of the company at their Meeting held on Tuesday, May 27, 2025 at the Registered

Office of the Company, have discussed and approved following major businesses:

1. Considered and approved Standalone Audited Financial Results along with Audit Report thereon for the

half year and year ended on March 31, 2025. Audit Report and Financial Results are enclosed herewith.

Further, declaration pursuant to Regulation 33(3)(d) of the Securities & Exchange Board of India (Listing

Obligations and Disclosure Requirements) Regulations, 2015 is also enclosed herewith.

The Board meeting commenced at 03.00 P.M. and concluded at 04.15 P.M.

Kindly take the above information on record and oblige.

Thanking you,

Yours Faithfully,

For Laxmipati Engineering Works Limited

Rakesh Govindprasad Sarawagi

Director

DIN: 00005665

Place: Surat

Enclosure: As above

----------------Page (0) Break----------------

RPR& Co.

Chartered Accountants

9001. World Trade Center. Near Udhna Darwaja, Ring Road, Surat -395002

Email: pr@rprandeco com, Ph: 0261-3591630

Independent Auditor's Report on Audited Half Year Financial Results and Year to date

Results of LAXMIPATI ENGINEERING WORKS LIMITED Pursuant to Requlations 33 of

the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

To

The Board of Directors

Laxmipati Engineering Works Limited

Opinion We have audited the accompanying financial results of Laxmipati Engineering Works

Limited ("the Company") for the half year ended 31" March, 2025 and the year-to-date

results for the period from 01" April, 2024 to 31 March, 2025, attached herewith, being

submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI

(Listing Obligations and Disclosure Requirements) Regulations. 2015, as amended

(Listing Regulations").

In our opinion and to the best of our information and according to the explanations given

to us these financial results:

i. are presented in accordance with the requirements of Regulation 33 of the Listing

Regulations in this regard; and

ii. give a true and fair view in conformity with the recognition and measurement

principles laid down in the applicable accounting standards and other accounting

principles generally accepted in India of the net profitloss and other

comprehensive income and other financial information for the half year ended 31t

March, 2025 as well as the year-to-date results for the period from 01st April, 2024

to 31st March, 2025.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified

under section 143(10) of the Companies Act, 2013 (the Act). Our responsibilities under

those Standards are further described in the Auditor's Responsiblities for the Audit

the Financial Results section of our report. We are independent of the Company in

accordance with the Code of Ethics issued by the Institute of Chartered Accountants of

India together with the ethical reqirements that are relevant to our audit of the financial

results under the provisions of the Companies Act, 2013 and the Rules thereunder, and

we have fuifilled our other ethical responsibiities in accordance with these requirements

and the Code of Ethics. We believe that the audit evidence we have obtained is

sufficient and appropriate to provide a basis for our opinion.

sURAT

AC

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Management's Responsibilities for the Financial Results

The Statement has been prepared on the basis of the annual financial statements. The

Board of Directors of the Company are responsible for the preparation and presentation

of the Statement that gives a true and fair view of the net profit of the Company

and

other financial information in accordance with the applicable accounting

standards

prescribed under Section 133 of the Act read with relevant

rules issued thereunder and

other accounting principles generally accepted in lndia

and in compliance with

Regulation 33 of the Listing Requlations. This responsibility

also includes maintenance

of adequate accounting records in accordance with the provisions

of the Act for

safeguarding of the assets of the Company and for preventing

and detecting frauds and

other irregularities, selection and application of appropriate accounting

policies; making

Judgments and estimates that are reasonable and

prudent; and the design,

implementation and maintenance of adequate internal

financial controls, that were

operating effectively for ensuring the accuracy and completeness

of the accounting

records, relevant to the preparation and presentation of the Statement

that give a true

and fair view and are free from material misstatement, whether

due to fraud or error.

In preparing the financial results, the Board of Directors are responsible

for assessing

the Company's ability to continue as a going concern, disclosing,

as applicable, matters

related to going concern and using the going concern basis of accounting

unless the

Board of Directors either intends to liquidate the Company

or to cease operations, or

has no realistic alternative but to do so.

The Board of Directors are also responsible for overseeing the Company's

financial

reporting process.

Auditor's Responsibilities for the Audit of the Financial Results

Our objectives are to obtain reasonable assurance about whether the

financial results

as a whole are free from material misstatement, whether due to fraud

or error, and to

issue an auditor's report that includes our opinion. Reasonable assurance is a high

level

of assurance, but is not a guarantee that an audit conducted in accordance with

SAs will

always detect a material misstatement when it exists. Misstatements can

arise from

fraud or error and are considered material if, individually or in the aggregate, they could on the basis

reasonably be expected to influence the economic decisions of users

of these financial results.

As part of an audit in accordance with SAs, we exercise professional judgment and

maintain professional skepticism throughout the audit. We also:

ldentify and assess the risks of material misstatement of the financial results,

whether due to fraud or error, design and perform audit procedures responsive to

those risks, and obtain audit evidence that is sufficient and appropriate to provide a

basis for our opinion. The risk of not detecting a material misstatement resulting

from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

" Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose

l control of expressing an opinion on the effectiveness of the Company's internal

Evaluate the appropriateness of accounting policies used and the reasonableness

of accounting estimates and related disclosures made by the Board of Directors.

" Conclude on the appropriateness of the Board of Directors' use of thego

SURAT)

----------------Page (2) Break----------------

ern basis of accounting and, based on the audit evidence obtained, whether a

aterial uncertainty exists related to events or conditions that may cast significant

doubt on the Company's ability to continue as a going concern. If we conclude that

a material uncertainty exists, we are required to draw attention in our auditor's

report to the related disclosures in the financial results or, if such disclosures are

inadequate, to modify our opinion. Our conclusions are based on the audit

evidence obtained up to the date of our auditor's report. However, future events or

conditions may cause the Company to cease to continue as a going concern.

Evaluate the overall presentation, structure and content of the financial resuts,

including the disclosures, and whether the financial results represent the underlying

transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance

regarding, among other matters,

the planned scope and timing of the audit and significant

audit findings, including any

significant deficiencies in internal control

that we identify during our audit.

We also provide those charged with governance

with a statement that we have

complied with relevant ethical requirements

regarding independence, and

to

communicate with them all relationships

and other matters that may reasonably

be

thought to bear on our independence,

and where applicable, related safeguards.

Other Matters

The annual financial results include

the results for the half year ended

31st March 2025

being the balancing figure between

the audited figures in respect

of the full financial

year and the published year

to date figures up to the half year of

the current financial

year.

For RPR & Co.

ChartersAccountants R&

SURAT

Raunag Kankaria

(Partner)

Membership No. 138361

FRN: 131964W

UDIN: 25138361BMGBSS9135 Place: Surat

Date: May 27, 2025

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LAXI{IPATI EI{GIIIEERITIG WORXS LlrIlTEDct}{-

L351 1 1G.r20t 2PLC068922OtrKr Block, FiBt Floor, PL No. 23712 & 3, Sub PL No L/25, Centrat Paft Soc., G.|.D.C pandesara, Sura!394221

V\bbciie u r ^, larmipalirngineering.com I EnEil cs@larmipatiengincering.com I Ph 0261- 2894415

1'-e..-"'^\

Sui.'t!-mer S.rrwigi

il^As perour repoi of even date

For RPR & Co.FoT LAXMIPATI EXGINEERING WORKS LIMITEo

{Director)DIN:00005468

6irsn-anaxam#ttraicorariya(Cofipany

S€crelary)Menbership No A73274

(Farlner)

M No 't 3E361FRN. 131964W

Oait: May 27 , 2025

Place: Su6t

llenoikumar Serawrgi

(Direc1o0DIN:000054,17

fMv.)(L I''vtt{t\

ustuf. H.ll(Chiet Financialffic6r)

PAN A8OPH379AH

STATEMEI{T OF AUOITED FIIIANCIAL RESULTS FOR THE HALF YEAR AI{O YE1AR ENDED MARCH 31. 2025

. Revenue from Op€retionsb

O0!er Operatng incorneTOTAL I CdE

Expento3a

cost of Matenals consufil€db

Purchas€ of stock-in-tradec CharE€s

in invenbries offinished goods $ort-in-progre$ and slock-in-lrade

d Employees berEft epensee

Dep.ecietion and anbrts€uon exp€ns€f

Finance Costg Other expenditu€

TOTAL EXPEI{SES

(170 091.016

61

Profit / (Loqs) lrom operations b€icrc extraordinary &erceptional items (1-2)

ProIit / (Loss) before tax (5 - 6)

Tax Erpeme1)

CunErn Tex2) Deftrr€d Tar / (B€n€fit)

. gasic €amangs (loss) per share trom co.linuing arE

dB@f inued operetionsb

Dilul€d eamln$ (loss) per shar6 from continuing and

Year Ended01t1012024-

71to3t2n A01toqzoz4-30/09/202a01r10t2023-3't to3l202t!01loN2024-7,l/o31202a01104t2023-31103t202a

2,645 412,363 882 2AO 795 009.294 024 94

94O.27

(37 71542 09

6.t 4919918

352.3

1,353 04

(319 64642.33

60 52224 05

349 m

1 425 7A

(257 73

58 82206 39

249 71

2,333 32

(357.35.1.2U_42

122 01423_23

741 91

452 4414 4178ffi466 8593 24

a Erc.plihalibrn

5 Prom / (Loss) tofi ordtnary ectiviiies b€bre extra ordinary

It6ms (H)452 4414 4178 66466 8s93 24

bdiaordinary ltem

452 44'114178.66466 8593 24

(188.311

(1E6.311

13.23479

444

(183.06

(1E3.06

1572

1572

9 Nol Prolit / (LGs) from o.dinary aclivdies after tax from

Conlinuing Operatrons(7-8)uo 74s1665 43649 9r

l0 ProfruLoss lrom drscontnuino oo€Etbns

11 Tax Expense of Oiscontinuino Oo€raro.rs

l2 ProfvLoss from discontnuioo oo€Etio.s alter tax r 1.! 1 1 \13

Not Profit / (Lo.3, tor the poriod (9 + 12)540-f49.1665.43649.9't

14 Paid-upequity share capital (Face Vatue Rs tO)575 20575 20575 20575 2A575 20

11.11015'1 141'1.30

t5 Debt Equity ratio52619 35526

17 D€bt Service Coveraqe Rano1 13119201

18 lnlcrest Service Cov€raqe Rato10713a

----------------Page (4) Break----------------

LAXMIPATI ENGINEERING WORKS LIMITED

ctN- L3511 1GJ20l 2PLC068922

Office Block, First Floor, PL No. 23712 & 3, Sub PL No. N25, Central park Soc., c.l.D.C.pandesara, Surat-394221

Website: www.laxmipatiengineering.com I Email: cs@laxmipatiengineering.com I ph: 026i- 2g944.15

BALANCE SHEET AS AT MARCH 3I, 2025

in

Particula rs

Year ended

0 1 I O 1 I 2024 -3 1 I 03 I 20 2501t0112023-31103t2024

AuditedAudited

A. EQUIW & LIABILMES

(1) Shareholders' Fundsa

Share Capitalb

Reserves and Surplusc

Money received against sharc warrants

575.20

282.03

575.20

(367.87)

Sub-total-Shareholders' funds857.23207.33

(2) Share Application Pending Allounent

(3) Non Cunent Liabilitiesa

Long term Borrowingsb

Deferred Tax Liabilities(Net)c

Other long-term liabilitiesd

Long term provisaons

3,958 80

96.84

3,458.81

72.84

77.O3

Sub-total-Non-current liabilities4,055.643,608.67

(4) Curcnt Liabilitiesa

Short term Borrowingsb

Trade payables:

A. Total outstanding dues of micro enterprises and small

enterpriSes

B. Total Outstanding dues of creditors other than micro

enlerprises and small enterprisesc

Other Cunent Liabilitiesd

Short Term Provisions

552.44

238.37

85 30

141.43

24.53

552.06

61.25

13214

48.70

18.22

Sub'total-Current liabilities1,O42.O7812.37

rOTAL . EQUIW AND1IABTLITIES5,954.944,628.37

a. AssETs

('l ) Non Cunent Assetsa

Property, Plant and Equipment and lntangible assets

a) Property, Plant & Equipmentii) lntangibte Assets

iii) CapitalWork ln progress

iv) lntangible Assets under Developmentb

Non-currentinvestmentsc

Deferred tax assets(nel)d

Long term Loans and Advancese

Other Non-Current Assets

3,150.s6

'158.92

.

110.22

113.66

3,O22.7',|

158.92

qs.lo

Sub-total-Non-current assets3,533.3s3,227.O3

\.r,.\4t-'---A \

dP\

----------------Page (5) Break----------------

Current Assets

As per our report of even dale

For RPR & Co.

Cuneni investments

lnventories

Trade receivables

Cash and bank balances

Short term Loans and advances

Other current assets

1,316.61

996.15

3.82

105 01

(Director)

DIN:00005447

o..hilq M\Ybr

Mustufa Haji

(Chaef Financial Officer)

PAN: ABQPH3798H

a

b

c

d

eI

959.26

315.74

120.77

(Director)

DIN: 00005468

bhai Gorasiya

Membership No 473274

tu

\Raunaql(Parlner)

MNo

FRN 13

'"'}':xxwonxsuureow\

Sanlaikumar Sarawagi ManojkumarYarawagi

(Company Secfetary)

----------------Page (6) Break----------------

LAXIIPATI ENGIiIEERIT{G WORKS LI ITED

crN- 1351 1 1cJ20.t2P1C068922

Offcr Blocl, First Floor, PL No.2372 & 3, Sub PL No A,/25. CentralPark Soc.. G.l.D.C.Pandesara. Sura!39,{221

Website: wwty.laxmipatiengineering.com I Email: cs@laxmipatiengineering.com I Ph: 0261- 2894415

CASH FLOW STATEI{ENT FOR THE YEAR E]{OED OI{ iIARCH 31, 2025

PadiculalsAa

at3lst

ilarch, 2025

Audited

A8 at

3lBt March,2024

Audited

CASH FLOW FROt{ OPEMTING ACTIVITIES

Net Protlt Botore Tax and Extraordinary ltemg

Adjustments fori

Oepreciationlnterest

& Finance Cost

FD Interest

Gratuity

Oporating Protit before Working Capital Changos

Adjushents forWorking Capital Changes:

Decrease/(lncrease) in lnventories

Decrease/(lncrease) in Sundry Debtors

Decrease/(lncrease) in Shoat Term Loan & Advances

lncrease/(Desease) in Trade Payable

lncrease/(Decrease) in Other Cunent Liabilities

Cash gonoratgd lrom Ops.ations

Direcl Tax Paid

Net Ca3h Flow from Oporating Activitios

CASH FLOW FROIII INVESTING ACTIVITIES

Purchase/Sale of Fixed Assets

(lncrease)/Decrease in Deposits

FD Int6r6sl

Not Ca3h Flow from lnvesting Activitios

CASH FLOW FRO FI}IANCING ACTIVITIES

Proceeds From Share Capilal & Share Premium

Proceeds From Share Application Money

Proceeds ftom Long Term Bonowing (Net)

Procceds trom Short{erm borrowings

lnterest & Financial Charges

Not Cash Flow lrom Financing Activitios

Net Ch.ngos in Cash t Cash Equiv.lont!

Cash E Cash Equivalents - Opening Balance

Cash & Cash Equivalents - Closinq Balanc€

B.

c.

(a)

(B)

(c)

(A+B+C)

466.85

122.01

423.23(1.68)

26.12

93.21

't17.74

384.75

11.42125 23

'r,036.s2

(357.35)

{680.41)15.76

130.28

92.73

237.53

619.5'r

(170.09)

2.39(85.07)

(73.40)

(26 97)

266.ir'l

237 53266.41

237.53266.41

(2,r9.85)

(68.26)

1.68{316 43)

(156.89)

34 49

1.42(120

38)(316.43)(120.98

499.93

0.38

1423.23)77 11

'161.80

E0.52(38,r.75)

tl12.4\

77.11,112.11].

(1.76)

5.57

3.82

2.99

2.58

5.57Notes to the Cash FIow

Statement:Calh

and Caah Equivalents compdggs of

Cash on Hand

Balance in Current Account

CaEh and Cash oquivalentg in Cash Flow Statemont

0.22

3.82

1.02,{.55

5.57

As per our reporl of even date

FoT RPR & Co. Fo. LAI IPATI ENGINEERING WORKS LIITIITED

M

\r!/\

-.-,t'-vY'

SanjaYfima, Sarawagi

(Director)

D1N.00005468 . / /_-M

f farrh'a-tr5'fi an(h bhai Golat iya

(Company Secretary)

Membership No. A73274

anolkumar Sarawagl

(Direclor)

OIN:00005447

6o""fa rh uta.i

f,ultut Hari

(Chief Financial Offcer)

PAN: ABQPH3TSSH

M.No. 1

FRN. 131

----------------Page (7) Break----------------

Note

LAXMIPATI ENGINEERING WORKS LI ITED

ctN- L35ll 1GJ2012PLC068922

Office Block, First Floor, PL No.2372 & 3, Sub PL No. A'/25, Central Park Soc, c.l.D.C.Pandesara, Surat-394221

Website: www.laxmipatiengineerang.com I Email: cs@laxmipatiengineering.com I Phr 0261- 2894415

The above audited financial results which are published in accordance with Regulation 33 of the SEBI (Listing Obligations &

Disclosure Requirements) Regulations, 2015, as amended. have been reviewed by the Audit Committee and approved by the Board

of Direclors at lheir meeting held on May 27, 2025. fhese results have been subjected to audit by the Statutory Auditors of the

Company who have issued an unmodified audit report on the standalone annual financial results for the year ended 31st March,

2025.

Pursuant to the Regulations 13(3) of SEBI (Listing Obligations and Drsclosure Requirement) Regulations,20l 5, we are enclosing

herewith the details regarding investor's complaints.

The lnvestor Complaint was received on March 21, 2025, and the same was resolved on May 01,2025

The Company has two segments Fabrication and Shipyard. As during the year no activity or business has been carried out in Ship

yard, no separate segment repo(ing has been done

Figures perlaining to the previous yearVperiod have been regrouped/rearranged, reclassified and restaled wherever considered

necessary, to make them comparable with those of cunent yearlperiod

As the company is listed on SME Platform of BSE, it has been exempted from applicability of IND-AS as per proviso to rule 4 of

Companies (lndian Accounting Standards) Rules, 2015.

As the company do not have any Holding/Subsidiary/Joint Venture/ Associate concern, no reporting have been made in this regards.

Figures of the half year ended on 3'1st March 2025 are the balancing figures between audiled flgures in respect of the full year

ended 31si March 2025 and unaudited year to date figures upto half year ended 30lh September 2024.

'ti

2l

3)

4)

s)

6)

7l

For RPR & Co.

(Partner)

M.No. 13836'l

FRN, 131964WDale

May 27 2025

Place: Surat

For LAXMIPATI ENGINEERING WORKS LIMITED

Chartered Accountantsre%,

Manojkumar Sarawagi

(Drrector)

D1N.00005447

6r.""o:tra fv,val

Mustufa Haii

(Chief Financial Officer)

PAN: ABQPH3798H

(Company SecHary)

Gorasiya

Membership No A73274

-/-'-L^^a\a

Sanffi-umar Sarawagi

----------------Page (8) Break----------------

LAXMIPATI ENGINEERING WORKS LIMITED

Regd. Office: Office Block, First Floor, Plot No. 237/2 & 3, Sub Plot No. A/25, Central Park Soc. GIDC, Pandesara, Surat-394221

E-mail: cs@laxmipatiengineering.com,Website: www.laxmipatiengineering.com,Tel. No. 0261-2894415/16,

CIN: L35111GJ2012PLC068922

Date: 27/05/2025

To,

BSE Limited

Phiroze Jeejeebhoy Towers,

Dalal Street,

Mumbai – 400001

Scrip ID/ Code/ ISIN

: LAXMIPATI/ 537669/ INE920P01019

Subject

: Declaration in respect of Auditor’s Report with Unmodified Opinion

related to the Standalone Audited Financial Results for the half year

and Year ended 31st March, 2025.

Dear Sir/Madam,

Pursuant to Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements)

Regulations, 2015 as amended from time to time. I, Rakesh Govindprasad Sarawagi, Director of

Laxmipati Engineering Works Limited (CIN: L35111GJ2012PLC068922) having its Registered Office at

Office Block, First Floor Pl. No. 237/2 & 3, Sub Pl. No. A/25, Central Park Soc., G.I.D.C., Pandesara,

Surat-394221 Gujarat, hereby declare that M/s R P R & Co., Statutory Auditors of the Company, have

issued an Unmodified Audit Report on the Audited Financial Results of the Company for the half year

and Year ended at 31st March, 2025.

Kindly take the same on your record.

Thanking you,

Yours Faithfully,

For Laxmipati Engineering Works Limited

Rakesh Govindprasad Sarawagi

Director

DIN: 00005665

Place: Surat

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