KESARP ....

TRO RODUCrSLIMIIED
404, Naman Centre, C-31/G Block, BKC, Bandra (E), Mumbai - 400051 .
Tel: (022) 40424100. URL - www.kesarpetroproducts.com

Date: 11/08/2023

To
The Manager
Listing Department,
Bombay Stock Exchange Limited,
P. J. Towers, Dalal Street, Fort,
Mumbai - 40000 I

Scrip Code: 524174

Kind Attn: Listing Department I Department or Corporate Affairs.
Sub: Outcome orthe Board Meeting held on 11/08/2023.

Dear Sir,

The Board of Directors in its meeting held on Friday, August 11, 2023 at 05:00 p.m., inter-alia,
approved the following:
1. Un-Audited Financial results along with Limited Review Report for the Quarter ended
30 th June, 2023.
2. Draft of Directors' Report and Corporate Governance Report.
th
3. Notice of Annual General Meeting of the Company to be held on Tuesday, 26
September, 2023 at 1.00 P.M. through Video Conferencing (VC) or Other Audio Visual
Means (OAVM) in compliance with MCA issued Circular No. 20/2020 dated 5th May,
2020 read with Circular No. 14/2020 dated 8th April, 2020, Circular No. 17/2020 dated
13 th April, 2020, Circular No. 02/2021 dated 13 th January, 2021 , Circular No. 19/2021
dated 8th December, 2021, Circular No. 02/2022 dated 05 th May, 2022* and Circular No.
th
11/2022 dated 28 December, 2022* (hereinafter collectively referred to as "MCA
Circulars") and Securities and Exchange Board of India ("SEB!") vide Circular Nos.
SEBI/HOICFD/CMDI CIR1P12020179 dated 12th May, 2020,
SEBI/HOICFD/CMD2/CIRlP/2021/1l dated 15 th January, 2021 and
th
SEBIIHOICFD/CMD2/CIRlP/2022/62 dated 13 May, 2022 (hereinafter collectively
referred to as SEBI Circulars) prescribing the procedures and manner of conducting the
AGM through VCIOA VM.
4. Dates of Book closure for the purpose of Annual General Meeting from 20th September,
2023 to 26th September, 2023 (both days inclusive).
5. Appointed Pankaj S. Desai, Company Secretary in Practice, as Scrutinizer of the
forthcoming Annual General Meeting.
6. Appointment of ATJ & Co. LLP as an Internal Auditor ofthe company for the financial
year 2023-24.
7. The Board has approved the resignation of Mr. Parijat Vinod Kanetkar as Non-Executive
and Non-Independent Director w.e.f. 25.07.2023.

REGO_OFF & WORKS . 0 -7/1. MJO C Industnal Area, LOla Parshuram 415722
Taluka Kheel, OtSI Ratnagln , MahatashltD • Tel (02356) 272339
CIN L23209PN1990PLC054829
 KESARP .... TRO RODUCrSLIMIIED
404, Naman Centre, C-31/G Block, BKC, Bandra (E), Mumbai - 400051 .
Tel: (022) 40424100. URL - www.kesarpetroproducts.com

8. Appointment ofPankaj S. Desai as a Secretarial Auditor ofthe company for the financial
year 2023-24.
9. Upon resignation of Mr. Parijat V. Kanetkar who was also the Chairperson of the
company, The board has hereby elected Mr. Dinesh Sharma as the Chairperson of the
Company w.e.f 11.08.2023

Kindly take the above in your record and acknowledge receipt ofthe same.

The Board meeting concluded at 5:30 p.m.

Thanking You.

Yours Faithfully,

For Kesar Petroproducts Limited

RAMJAN Digitally signed by
RAMJAN KADAR
KADAR SHAIKH
Date: 2023.08.11
SHAIKH 17:36:54 +05'30'

Ramjan Kadar Shaikh

Whole Time Director
DIN: 08286732

REGO_OFF & WORKS . 0 -7/1. MJO C Industnal Area, LOla Parshuram 415722
Taluka Kheel, OtSI Ratnagln , MahatashltD • Tel (02356) 272339
CIN L23209PN1990PLC054829
 A. SACHDEVa co. (i-51, Shagun Arcade, Film city Road,
CHARTERED ACCOUNTANTS Malad (East), Mumbai - 400 097
~ +9122 46074866
mail: [email protected]

Limited Review Report

Review Report to,

The Board of Directors,
Kesar Petroproducts Limited

1. We have reviewed the accompanying statement of unaudited financial results of

Kesar Petroproducts Limited for the period ended 30th June, 2023. This statement is
the responsibility of the Company's Management and has been approved by the
Board of Directors. Our responsibility is to issue a report on these financial statements
based on our review.

2. We conducted our review 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 statements 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.

3. Based on our review conducted as above, nothing has come to our attention that
causes us to believe that the accompanying statement of unaudited financial results
prepared in accordance with applicable accounting standards and other recognized
accounting practices and policies has not disclosed the information required to be
disclosed in terms of Regulation 52 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 including the manner in which it is to be disclosed,
or that it contains any material misstatement.
 Kesar Petroproducts Umlted
Ree:d, Office : 0 -7/11 MIOC Late Parshuram Taluka Khed RatnaE'iri-415722

Statement of standalone financial results for the quarter ended 30th June 2023
INR in Lacs
Quarter Ended Year Ended
Particulars 30.06.2023 31.03.2023 30.06.2022 31.03.2023
Unaudited Audited Unaudited Audited

I Income
ill i) Revenue from operations 3,834 3,621 5,486' 13,968
ii) less: GST recovered 573 496 792 1,972
Revenue from operations (i-ii)
. 3,261 3,125 4,695 11,996
b) Other income 42 37 44 149
Total Income (I) 3,303 3,162 4,739 12,145

II Expenses
a) Cost of materials consumed 2,452 2,491 4,359 10,023
bl Purchase of stock-in-trade · · · ·
c) Changes in inventories of finished goods, 228 (90) (420) (578)
stock-in-trade and work-in-progress
d) Employee benefits expense 156 162 194 572
e) Finance costs 42 54 22 105
f) Depreciation and amortisation expense 68 151 150 603
g) Other expenses 349 379 390 1,322
Total expenses (II) 3,294 3,147 4,695 12,047
Profit before tax (I - II) 9 15 44 98
'" Exception Items ·

IV Tax expense
Current tax 3 36 11 56
Deferred tax (credit) / charged · lSI (5
3 31 11 51
V Net profit after tax (III - IV) 6 (16) 33 47

VI Other comprehensive income

(i) Items that will not be reclassified to profit or loss · ·
(ii) Income tax relating to items that will not be reclassified · ·
to profit or loss
Other comprehensive income (Net of tax) (VI) · · · ·
VII Total comprehensive income for the period (V+VI) 6 (16) 33 47
VIII Paid-up equity share capital (Face value INR 1 per share) 967 967 967 967

IX Other equity (excluding revaluation reserves) · · · 10,980

X Earnings per equity share (EPS) [Not annualised]

a) Basic EPS (INR) 0.01 (0.02) 0.03 0.05
b) Diluted EPS (INR) 0.01 (0.02) 0.03 0.05
I
Notes . . '
I) The above financial results which are published in accordance with Regulation 33 of the SEBI (Listing Obligations & Disc;Ji sure
Requirements) Regulations, 2015 ('Listing Regulations') have been reviewed by the Audit Committee at a meeting held on
11th August, 2023 and approved by the Board of Directors at their meeting held on 11th August, 2023. The financial results
are prepared in accordance with the Ind AS prescribed under Section 133 of the Companies Act, 2013 and other recognised
accounting practices and policies.
2) The figures of last quarter are the balancing figures between audited figures in respect of the full financial year and the
unaudited year to date figures upto the third quarter ended 31st December of the respective years which were subjected to
limited review.
3) The figures for the corresponding previous periods have b~en regrouped/ reclassified, wherever necessary, to make them
comparable.
Board of Directors
LimIted

,,;
Place: Mumbai
Date : 11th Au~ust, 2023 DIN : 08286732