TRIVENINSE25 May 2023

Triveni Engineering & Industries Limited has informed the Exchange about Investor Presentation

Triveni Engineering & Industries Limited

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PIVEnI ENGINEERING & INDUSTRIES LTD.

\. +91 120 4308000

+91 120 4311010/11 ~ www.trivenigroup.com

By E-filing

REF TEIL SE BSE Limited P . .J. Tower, Dalal Street, Fort, MUMBAI - 400 00 I Thru: BSE Listing Centre

2023

Date

25% M,

a e:

ay, National Stock Exchange of India Ltd., Exchange Plaza, Bandra-Kurla Complex, Bandra (E), MUMBAI - 400 051 Thru: NEAPS

STOCK CODE: 532356

STOCK CODE: TRIVENI

Sub: Investors' brief for Q4 & FY 2023 ended on March 31, 2023

Dear Sirs,

We send herewith a copy of investors' brief on the performance of the Company for the Q4 & FY2023 (consolidated) ended on March 31, 2023 for your information. The same is also being made available on the Company's website www.trivenigroup.com.

Thanking you,

Yours faithfully, For Triveni Engineering & Industries Ltd.

Do-i cETA BHALLA Group Vice President & Company Secretary M.No.A9475

Encl: As above

Co rpo rate Office: 8" Floor, Ex press Trade Towers, Plot 15 & 16, Sector 16-A, Noida, Uttar Pradesh -- 201301, India. Reg istered Office: A-44, Hosiery Complex, Phase-II Extension, Noida-201 305, Uttar Pradesh. CIN No.: L15421UP1932PLC022174

wwwl

Registered office: A-44, Hosiery Complex, Phase-II Extension, Noida-201 305, Uttar Pradesh, India. Corporate office: Express Trade Towers, 8th floor, 15-16, Sector 16A, Noida 201301, Ph: 0120-4308000, Fax: 0120-4311011 CIN: L15421UP1932PLC022174

For immediate release

FY 23 Consolidated Results ended Mar 31, 2023

• Revenue from Operations (Net of excise duty) at ₹ 5616.8 crore, an increase of 30.9% • Profit before exceptional items and tax at ₹ 562.4 crore

• Profit after Tax at ₹ 1791.8 crore

• Board approved capex of ₹ 85 crore for Sugar business • Board recommended final dividend of ₹ 3.25 per equity share (325%) for the Financial Year 2022-23

• Sugar & Alcohol (Distillery) Businesses

▪ Highest-ever sugarcane crush at 9.33 million tonnes in the Sugar Season (SS) 2022-23, an increase

of 11% over the previous season, owing to the modernisation, debottlenecking activities undertaken

▪ Net recovery of 10.23% with 92% of sugarcane crush with B-heavy diversion in SS 2022-23 vs. 84%

in the previous season. Lower recoveries across the state of Uttar Pradesh

▪ Significantly enhanced refined sugar production from ~40% in SS 2021-22 to ~60% in SS 2022-23 ▪ Sugar exports contributed significantly to the profitability. Achieved sugar exports of 190337 tonnes (including sale of quota for 72988 tonnes) during FY 23 out of total export quota of 204868 tonnes at record realizations. In Q4 FY 23, 55303 tonnes of sugar were exported

▪ Highest-ever Alcohol production of 18.12 crore litres, an increase of 68% over previous year due to

▪

additional capacities & expansions commissioned Increase in net turnover of Alcohol businesses by 75% during FY 23, driven by record increased production and sales volumes along with higher realizations

▪ Triveni estimates that India’s sugar production in Sugar Season (SS) 2022-23 at 32.8 million tonnes with a diversion of ~ 4.0 million tonnes for ethanol production, 18% higher diversion than SS 2021- 22

• Engineering Businesses

▪ Combined engineering businesses crossed ₹ 500-crore mark, with FY 23 revenues of ₹ 577 crore with both Water and Power Transmission businesses registering growth of 30.3% and 22% year-on-year in FY 23

▪ Combined profit before interest and tax crossed ₹ 100-crore mark at ₹ 101 crore ▪ Outstanding order book of ₹ 1,654 crore for combined Engineering Businesses

• Consolidated

▪ Alcohol and Engineering businesses contributed 51% of total segment results in FY 23 as against 39% in the previous year. It is a healthy trend and is indicative of lowering of dependence on the sugar business and better management of business risks.

▪ During the year, the Company divested its entire stake in an associate Company, Triveni Turbine Limited, to enhance the shareholders’ value. Accordingly, it was followed up by distribution of ₹ 800 crore to the shareholders under the Buyback Scheme of the Company. Buyback was completed in March 2023.

• Outcome of Board Meeting

▪ The Board of Directors recommended final dividend of ₹ 3.25 per equity share (325%) for the

Financial Year 2022-23

▪ The Board of Directors approved capex of ₹ 85 crore for Sugar business which mainly includes expansion in the capacity of one of the existing sugar units at Sabitgarh by 2000 TCD (from 7000 TCD to 9000 TCD). With the proposed expansion, the total crushing capacity of the Company will stand augmented to 63,000 TCD

Noida, May 25, 2023: Triveni Engineering & Industries Ltd. (‘Triveni’), one of the largest integrated sugar producers

in the country, a dominant player in engineered-to-order high speed gears & gearboxes and a leading player in

water and wastewater management business, today announced its financial results for the fourth quarter and full

year ended Mar 31, 2023 (Q4/FY 23). The Company has prepared the financial results based on the Indian

Accounting Standards (Ind AS) and as in the past, has been publishing and analyzing results on a consolidated basis.

PERFORMANCE OVERVIEW: Q4/FY 23 (Consolidated Results)

Revenue from Operations (Gross) Revenue from Operations (Net of excise duty) EBITDA EBITDA Margin Share of income from Associates Profit Before Tax (PBT) Before Exceptional Items Exceptional Items- income/(expense) Profit Before Tax (PBT) After Exceptional Items Profit After Tax (PAT) Other Comprehensive Income (Net of Tax) Total Comprehensive Income EPS (not annualized) (₹/share)

Q4 FY 23 Q4 FY 22 1,192.1 1,818.3

Change % 52.5

FY 23 6,310.1

FY 22 4,694.0

1,582.6

1,070.0

284.8 18.0 -

250.6

190.3

(2.5)

187.8 8.08

177.7 16.6 7.3

150.1

(6.7)

143.4

109.2

0.3

109.5 4.52

47.9

60.3

66.9

74.7

74.3

71.6 78.8

5,616.8

4,290.9

696.3 12.4 16.3

562.4

656.6 15.3 59.1

580.5

1,401.2

(6.7)

1,963.6

573.8

1,791.8

424.06

(3.8)

1,788.1 74.58

5.5

429.6 17.54

In ₹ crore Change % 34.4

30.9

6.1

-72.4

-3.1

242.2

322.5

316.2

• All businesses have contributed to the growth boosted by higher sales across businesses. Higher sales volumes in

the Alcohol business were due to new distillation capacities commissioned during the year, a large multi-feed

distillery at Milak Narayanpur and a grain distillery in Muzaffarnagar as well as due to the enhancement of capacities

of the existing distilleries.

• Profit before tax (PBT) before exceptional items declined marginally during FY 23 to ₹ 562.4 crore due to the

recognition of export subsidy of ₹ 57 crore in FY 22 pertaining to the previous year. PBT increased by 66.9% in Q4

FY 23 to ₹ 250.6 crore.

• Improved performance during FY 23 and Q4 FY 23 has been due to substantial profitability contributed by sugar

exports, higher sale volumes and increased realization prices for distillery products, higher profitability of

engineering businesses resulting from higher turnover and containment of finance cost / treasury income arising

from surplus funds.

• The total debt on a standalone basis as on March 31, 2023 is ₹ 824.96 crore as compared to ₹ 1503.74 crore as on

March 31, 2022. Standalone debt at the end of the quarter under review, comprises term loans of ₹ 301.08 crore,

almost all such loans are with interest subvention or at subsidized interest rate. On a consolidated basis, the total

debt is at ₹ 913.83 crore as compared to ₹ 1567.96 crore as on March 31, 2022. Overall average cost of funds is at

5.1% during FY 23 as against 5.0 % in the previous year.

Commenting on the Company’s financial performance, Mr. Dhruv M. Sawhney, Chairman and Managing Director,

Triveni Engineering & Industries Ltd, said:

“We are pleased with the performance of the Company during the year ended March 31, 2023 wherein several

milestones were achieved – highest ever sugarcane crush in SS 2022-23, an increase of ~11% year-on-year; record

overall gross and net turnover of ₹ 6,310.1 and ₹ 5,616.8 crore respectively with strong performance across the

board; record alcohol production and sales following our capacity expansion to 660 Kilo Liters Per Day (KLPD), and

aggregate engineering business revenues of over ₹ 500 crore and segment results of over ₹ 100 crore. It is a matter

of satisfaction to see the diversification of our profitability: Alcohol and Engineering businesses have accounted for

more than 50% of the total segment results. It indicates that our business risks are getting well spread, leading to

improvement in our business risk profile.

In the Sugar business, we are focused on variety replacement and yield maximization programmes through close

farmer engagement and digital interventions. It will be accompanied with rationalization and expansion of

capacities. It is capable of giving us growth at nominal capex. Another issue which is receiving greater management

attention is to enhance the sugar realization price through value addition, quality improvement and introducing

premium products. After changing the manufacturing process at our Deoband Unit, refined sugar constitutes ~60%

of our total production and we hope to further increase it to ~70% during next year. We would look forward to the

Government’s help in increasing the Minimum Selling Price (MSP) of sugar as the domestic sugar prices are stagnant

and have not been able offset the increased costs, including sugarcane price increase in SS 2021-22, and the

possibility of another such increase in the forthcoming season.

In the Alcohol business, the production and sales volumes have increased substantially following the increase in

distillation capacities during the year. The increased crush is providing more captive raw material for our distilleries.

During the current year, the revenues from the distilleries have contributed 21% of our net turnover and it will keep

rising with our proposed increase in distillery capacity from present 660 KLPD to 1110 KLPD. We believe that to meet

the aggressive Ethanol Blended Petrol (EBP) targets of 20%, the Government may need to rectify prices of ethanol

produced from sugarcane juice and grain, to improve project viability to facilitate further additions in capacities.

Our engineering businesses are performing well and are well on track to grow long-term, in line with our vision. The

Power Transmission business had a record year, where apart from robust turnover and profitability, the segment is

making strides in the international markets and is witnessing exceptional response from international customers.

With investments in both Power Transmission and the Defence business incubated within this segment, we are

aiming to capitalize on both international and domestic opportunities, especially driven by the Make in India

initiatives of the Government of India. The Water business is among the leading companies providing turnkey

execution and operation of water and wastewater treatment plants for both the municipal and industrial sectors.

This segment reported its highest ever turnover in FY 23 driven by a focused approach towards execution. The

segment is bidding in and targeting more international projects with funding from reputed international agencies.

Triveni has a long history of prudent approach to business by investing for growth and to improve its market position

with the ultimate aim to improve shareholder returns. In the last few years, the Company has increased its

diversification by focusing on high-quality capital expenditures such as modernization of facilities, setting up

additional distillation capacity using multiple feedstocks, investments in new facilities for Power Transmission &

Defence, among others and we believe these will lead to long-term value creation for shareholders.”

Q4/FY 23: BUSINESS-WISE PERFORMANCE REVIEW

(all figures in ₹ crore, unless otherwise mentioned)

Sugar business

Triveni is one of the largest sugar producers in the Indian sugar sector, with seven sugar manufacturing facilities

located in the state of Uttar Pradesh.

Performance

Sugarcane Crush (Million Tonnes) Net Recovery (%) Sugar Production (Tonnes)

Sugar Season 2022-23

9.33 10.23 953436

Sugar Season 2021-22

8.41 10.55 887171

Change (%)

10.8

7.5

Q4 FY 23 Q4 FY 22

Change %

FY 23

FY 22

Sugar Dispatches (Tonnes)

- Domestic - Exports - Total

212467 55303 267770

Average Blended Realization (₹/MT)* Revenue (₹ crore) PBIT (₹ crore) *including export realizations excluding subsidy

1170.92 163.89

36345

195953 - 195953

34994

846.81 122.44

8.4

36.6

3.9

38.3 33.9

905692 117349 1023041

806093 38066 844159

36070

34603

4361.95 305.83

3473.85 386.51

Change %

12.4 208.3 21.2

4.2

25.6 -20.9

• Sugarcane crushing across all seven sugar units was higher than the previous season

• The profitability in sugar business is lower in the FY 23 due to additional profit of ₹ 57 crore considered in FY

22 towards export subsidy pertaining to FY 21 and higher cost of production due to sugarcane price increase.

• Sugar export prices were at a considerable premium to the domestic prices and have contributed significantly

to the profitability. In addition to sugar export sale, export quota for 72988 tonnes was sold for a revenue of ₹

29.42 crore.

• Domestic sugar prices remained almost stagnant and accordingly, increased costs, including due to sugarcane

price increase in the SS 2020-21, could not be fully offset.

• The sugar inventory as on March 31, 2023 was 46.34 lakh quintals, which is valued at ₹ 33.7/kg.

• Co-generation operations (including incidental co-generation) achieved external sales of ₹ 63.8 crore during

FY 23 as against ₹ 62.4 crore in FY 22, an increase of 2%.

Industry Scenario – Domestic

• On April 26, 2023, ISMA had revised its all-India sugar production estimate for SS 2022-23 (after diversion into

ethanol) as 32.8 million tonnes from last estimate of 34 million tonnes, after considering diversion of about 4.0

million tonnes of sugar equivalent into ethanol.

• As per reports, the country’s sugar production stood at 32.1 million tonnes as on May 15, 2023, with crushing

season in Maharashtra ending at around 10.5 million tonnes, lower than estimates, due to unexpectedly lower

sugarcane yields owing to higher ratoon crop share and uneven distribution of rainfall. These sugar production

figures are after diversion of sugar into ethanol.

• Sugarcane yield in Uttar Pradesh has been slightly better than expected and the state has produced around

10.7 million tonnes of sugar after diversion towards production of ethanol.

• GOI announced initial export quota of 6.00 million tonnes. With announcement of additional quota of 0.15

million tonnes, total export quota approved is 6.15 million tonnes with option to swap one’s quota.

• Sugar balance sheet:

o We estimate that with an opening balance as on October 1, 2022 of around 5.5 million tonnes, sugar

production for SS 2022-23 of around 32.8 million tonnes, domestic sales of around 27.2 million tonnes and

6.15 million tonnes of sugar exports, the closing stock is expected at 5 million tonnes.

o Even with increased acreage and rains in April & May 2023, there are increasing chances of monsoon rains

getting impacted by El Nino this year as expressed by various meteorological agencies.

o For Triveni, majority of the sugarcane areas associated with our factories are located in river & well-

connected canal system and supplemented by tube wells/borewells based irrigation methods and therefore

are far less likely to get impacted due to scanty monsoon rains as compared to other sugarcane cultivating

regions.

40.0

30.0

20.0

10.0

India Sugar Balance Sheet (million tonnes)

35.8

32.8

31.2

26.6

27.3

27.2

10.7

8.2

5.5

11.1

7.2

6.2

8.2

5.5

5.0

Opening Stock as on 1st Oct

Production

Internal Consumption

Exports

Closing Stock on 30th Sep

2020-21

2021-22

2022-23 (E)

Source: Triveni Estimates

Industry Scenario – International

• According to International Sugar Organization (ISO), in view of the global supply/demand situation, the global

2022-23 sugar balance sees a substantially reduced surplus in the current season. It anticipates a global surplus

(the difference between world consumption and production) in 2022-23 of 0.852 million tonnes, down from

4.151 million tonnes in February 2023. Changes were driven by increase in production in Brazil, however the

smaller increase in Thailand and lower estimates for Indian and European production were the biggest negative

contributors.

• For the 2022-23 season that ended in March, Centre South Brazil produced 33.73 million tonnes of sugar, up

5% from the year before. However, the outlook for 2023-24 is nearly 10% higher at 37.09 million tonnes.

Production in Thailand in 2022-23 season is expected to be below expectations at 12-13 million tonnes due to

lower than expected sugarcane yields.

•

International sugar prices have rallied to record highs in 2023. The 2023 NY #11 raw sugar futures nearly broke

the US 27.00 cents/lb threshold, ultimately settling at US 26.99 cents/lb. This had been the highest front month

price since April 2012.

• As at May 19, 2023 the NY #11 closed at US 25.77 cents/lb, an increase of 123 points in the month and 573

points since the beginning 2023.

Note: London #5 on left hand side (LHS) in $/tonne; NY #11 on right hand side (RHS) in US cents/lb

Alcohol (Distillery) business

The Company has the state-of-the-art distilleries spread across Muzaffarnagar (MZN) – 2 facilities, Sabitgarh (SBT)

and Milak Narayanpur (MNP) in Uttar Pradesh. SBT distillery produces high quality Ethanol from molasses, the

distillery at MNP is a multi-feed stock plant having the ability to use Molasses and Sugarcane juice/syrup, Grains to

produce high-quality Ethanol. MZN houses two facilities with the latest being a grain-based distillery. The existing

distillery at MZN of 200 KLPD boasts of flexible product manufacturing capability - Ethanol, Extra Neutral Alcohol

(ENA), Rectified Spirit (RS) and Denatured Spirit (SDS) from molasses, while the recently commissioned 60 KLPD

grain-based facility at MZN produces both Ethanol and ENA. Dried Distillers Grain with Solubles (DDGS), a by-

product produced in grain plants is sold to premium Institutions and has been well accepted in market. The

Company also manufactures Indian Made Indian Liquor (IMIL) at this complex.

Performance

Operational details Production (KL) Sales (KL) Avg. Realization (₹/ ltr) IMIL Sales (Lakh Cases)

Financial details Gross Revenue (₹ crore) Revenue Net of Excise Duty (₹ crore) PBIT (₹ crore)

Q4 FY 23 Q4 FY 22 Change %

FY 23

FY 22

Change %

49576 53197 56.91

11.52

28736 26818 56.79

5.45

591.84 356.11 65.16

283.72 161.63 30.57

72.8 98.4 0.2

111.4

108.6 120.3 113.2

181194 180423 57.3

33.36

107604 117837 54.13

17.61

1865.53 1172.27 212.32

1071.61 668.5 149.36

68.4 53.1 5.9

89.0

74.1 75.4 42.2

• Achieved highest-ever production of 18.12 crore litres & sales of 18.04 crore litres during FY 23, growing

significantly year-on-year by 68.4% and 53.1% respectively

• Additional capacities commissioned in FY 23 resulting in increased sales volumes - aggregate distillation

capacity 660 KLPD

• Higher average realization due to increase in ethanol prices prescribed by the Government as well as Oil

Marketing Companies (OMCs)

• The profitability margins have been impacted due to increased transfer price of B-heavy molasses and bagasse,

initial stabilization period of new distilleries and relatively lower margin with grain as feedstock

• Ethanol constituted 92% and 93% of alcohol sales during Q4 FY 23 and FY 23 respectively

• Sale of alcohol produced from sugarcane-based feedstocks (majorly B-heavy) constitutes 63% and 75% of the

total alcohol sales for Q4 FY 23 and FY 23 respectively

• Sale of alcohol produced from grain commenced in FY 23 and accounted for 37% and 25% of total sales volumes

in Q4 FY 23 and FY 23 respectively

Domestic Industry Scenario

• Out of the 518.4 crore liters finalized by the OMCs for the Ethanol Supply Year 2022-23 (Dec-Oct) against a total

requirement of 600.0 crore liters, contracts for 514.1 crore liters have been executed till May 7, 2023.

• Against the above, 244.3 crore liters have been lifted by the OMCs till May 7, 2023.

• The average blending percentage is 11.65% till May 7, 2023.

• Out of the total contracted quantity of 514.1 crore liters, the total contracted quantity till May 7, 2023 from

Sugarcane Juice and B-Heavy Molasses is 136.44 crore litres and 232.04 crore litres respectively. 5.61 crore

litres is the contracted quantity from C-heavy molasses, 18.74 crore litres from damaged food grains and 121.27

crore litres from surplus rice.

• Out of total ethanol supply of 244.2 crore litres, 114.5 crore litres have been supplied from Sugarcane Juice and

85.72 crore litres have been supplied from B-Heavy Molasses, constituting to ~82% of total supplies.

Power Transmission Business

This business based at Mysuru involves manufacturing of high-speed gears and gearboxes up to 70MW capacity

with speeds of 70,000 rpm and Defence products and solutions for the Navy.

Performance

Q4 FY 23

Q4 FY 22

Change %

FY 23

FY 22

Change %

Revenue (₹ crore) PBIT (₹ crore) Order Booking (₹ crore) Closing Order Book (₹ crore)* *including long duration orders

73.18 25.53 70.51 260.42

66.59 24.11 74.26 221.34

9.9 5.9 -5.0 17.7

225.25 76.44 263.88 260.42

184.63 64.16 251.04 221.34

22.0 19.1 5.1 17.7

•

Increase in FY 23 turnover and profitability by 22% and 19.1% respectively driven by product sales across

OEMs.

• Profitability margins sustained at ~34% levels for the year

• FY 23 order booking grew 5.1% while closing order book was up 17.7% over the last year. The growth is

driven by both product and aftermarket segments where the business is receiving a resounding market

response from customers especially since it has been pursuing the high-speed high-power segment

independently.

•

In FY 23, the business has added 18 new customers in the OEM segment which is contributing to its growth.

• The outstanding order book as on March 31, 2023 stood at ₹ 260.42 crore including long duration orders

of ₹ 126.98 crore

Outlook

• Outlook for domestic product segment within high-speed gears is promising across key sectors:

o Steam Turbine Generator (STG) market is expected to grow in the smaller power range for Sugar and

Distillery sector

o Domestic Oil & Gas sector is doubling the refining capacity by 2030 leading to gearbox requirements for

Steam Turbines, Gas Turbines, Pumps and Compressors

o Infrastructure growth providing stimulus for expansion of Steel and Cement for Waste Heat Recovery

(WHR)

o Growing potential in the Waste-to-Energy (WtE) through agricultural and municipal waste

• Focus on market share gains in product segment, especially from the international market through greater

•

promotion of our technology and focus on new and existing customer relationships.

Increasing footprint to capture high-growth opportunities for Aftermarket segment through a combination

of own efforts and expanding the agents’ network

In the Defence segment, the business expects increased order booking from key segments of Gas Turbines

packaging, gearboxes and special application pumps where the key activities of qualifications and Request

For Proposal (RFP) have progressed considerably in the last couple of years

• Setting up of dedicated multi-nodal facility for Defence products will also help the business gain confidence

of key customers and expand its service offerings

Water business

This business is focused on providing world-class solutions in water and wastewater treatment to customers in

industrial and municipal segments. This business is gaining faster momentum and is getting recognition in a high

potential market as a supplier of superior quality products and services at competitive costs.

Performance

Q4 FY 23

Q4 FY 22

Change %

FY 23

FY 22

Change %

Revenue (₹ crore) PBIT (₹ crore) Orders Received (₹ crore) Closing Order Book (₹ crore)*

114.80 9.52 1.63 1,393.41

101.49 8.84 13.80 1,512.80

13.1 7.7 -88.2 -7.9

352.17 24.28 192.08 1,393.41

270.21 31.01 333.45 1,512.80

30.3 -21.7 -42.4 -7.9

* including long duration orders for Operations & Maintenance (O&M)

• The above results are based on consolidated results including wholly owned SPV executing Mathura Project

awarded by National Mission of Clean Ganga (NMCG) under Namami Gange Programme and Pali ZLD Pvt. Ltd.

• Revenues increased by 30.3% driven by better execution

• The orders received in FY 23 stood at ₹ 192.08 crore excluding O&M orders.

• The business is actively targeting foreign projects wherever it possesses the pre-qualifications and funding is

ensured through multilateral and reputed agencies.

• The outstanding order book as on March 31, 2023 stood at ₹ 1393.41 crore, which includes ₹ 916.86 crore

towards O&M contracts for a longer period of time.

Outlook

• After achieving success in Maldives and Bangladesh, Water business is trying to expand activities in overseas

markets such as Serbia, Croatia, Egypt, Nepal and several African countries.

• Domestic market opportunities are increasing in Recycle & Reuse of wastewater and water business is equipped

to target this market.

• Business is also exploring Public Private Partnership (PPP) opportunities for Sewage Treatment Plant (STP)

recycling on PPP format.

• Municipal business opportunities are looking attractive in many key states such as Karnataka, UP, Punjab, Delhi,

Telangana, and Maharashtra.

• Outlook is positive for EPC and HAM projects driven by large investments by Governments, both at state level

and at central. Market is witnessing increasingly more & more projects under Public Private Partnership (PPP) -

HAM model and the Company would widely participate in this business segment.

Attached: Details to the Announcement and Results Table

About Triveni Engineering & Industries Limited Triveni Engineering & Industries Limited (TEIL) is a diversified industrial conglomerate having core competencies in the areas of sugar and engineering. The Company is one of the largest integrated sugar manufacturers in India and amongst the leading players in its engineering businesses comprising Power Transmission business and Water & Wastewater treatment solutions. TEIL currently has seven sugar mills in operation at Khatauli, Deoband, Sabitgarh, (all in western Uttar Pradesh), Chandanpur, Rani Nangal and Milak Narayanpur (all in central Uttar Pradesh) and Ramkola (eastern Uttar Pradesh). While the Company’s Power Transmission (Gears) manufacturing facility is located at Mysuru, the Water & Wastewater treatment business is located at Noida. The Company currently operates 6 co-generation power plants located across five sugar units, with 104.5 MW grid connected co-generation capacity.

The Company has the state-of-the-art distilleries spread across Muzaffarnagar (MZN) – 2 facilities, Sabitgarh (SBT) and Milak Narayanpur (MNP) in Uttar Pradesh. SBT distillery produces high quality Ethanol from molasses, the distillery at MNP is a multi-feed stock plant having the ability to use Molasses and Sugarcane juice/syrup, Grains to produce high-quality Ethanol. MZN houses two facilities with the latest being a grain-based distillery. The existing distillery at MZN of 200 KLPD boasts of flexible product manufacturing capability - Ethanol, Extra Neutral Alcohol (ENA), Rectified Spirit (RS) and Denatured Spirit (SDS) from molasses, while the recently commissioned 60 KLPD grain-based facility at MZN produces both Ethanol and ENA. Dried Distillers Grain with Solubles (DDGS), a by-product produced in grain plants is sold to premium Institutions and has been well accepted in market. The Company also manufactures Indian Made Indian Liquor (IMIL) at this complex.

The Company produces premium quality multi-grade crystal sugar, raw (as per the market/export requirements), refined and pharmaceutical sugar. All of the Sugar units are FSSC 22000 certified. The sugar is supplied not only to household consumers but also to bulk consumers. The Company has supply chain relationship with leading multinational beverage, food & FMCG companies, pharmaceutical companies and leading confectionery producers. It also has a strong presence in branded sugar market through its brand “Shagun”.

The Company is a dominant market player in the engineered-to-order turbo gearbox manufacturer in India. The Power Transmission business has 3 different business segments – Gears, Defence, Built to Print. It delivers robust and reliable Gears solutions which cover a range of applications and industries to meet the ever-changing operating conditions and customers’ requirements. The Company has become a dominant supplier to all major OEMs in the country, offering solutions to all industrial segments including Oil and Gas as per AGMA, API-613 and API-677 standards. It remains the market leader in high-speed Gears and Gearboxes up to 70 MW capacity and speed of 70,000 rpm. The major product portfolio includes steam turbines, gas turbines and compressor gearboxes under the High-Power High-Speed segment. In the Low-Speed segment, the Company focuses on the gearboxes used in applications such as reciprocating pumps and compressors, hydel turbines, mill and extruder drives for metal, sugar, rubber and plastic industries, marine applications, etc. Its robust and reliable products are backed by 360-degree service solutions which minimise the downtime for its customers. The Company provides health monitoring services for all types of critical gearboxes, high-speed and low-speed, as well as maintains an inventory of dimension ready sites for immediate solution.

The Company provides complete and sustainable water technology solutions across the water usage segments. Advanced Solutions offered for total water management include turnkey / EPC, customer care, operations and maintenance, life cycle models such as Design, Build Own & Operate (DBOO), Design, Build Own Operate and Transfer (DBOOT), BOOT, equipment supply for unit processes like screening, grit separation, clarification and sludge handling. The Customer Care Division offers value added services for operation management and performance optimisation. The quality service offerings are tailored to customers’ requirements, which in many cases form an integral part of the main contract - operations and maintenance, annual maintenance contracts, product & process audit, health check-up and overhauling, pilot experiments, refreshment, upgradation and automation of existing plants, spares and service consumables and chemicals and on-site training and assistance.

Triveni Brands is the FMCG Division of the Company which currently constitutes Shagun Sugar, Triveni Sugar and the Private Label Business. The mission of this division is to create innovative and high-quality products that delight customers. Our products have a strong omni-channel strategy and we are committed to growing in a sustainable manner while keeping customer at the very center.

As a result of a Scheme of Arrangement, the Company's steam turbine division was demerged into one of its wholly owned subsidiaries, Triveni Turbine Limited (TTL), and was listed on the NSE and BSE in 2011. The Company owned 21.85 of TTL's equity, until September 21, 2022 when the entire stake was divested with net proceeds of ₹ 1,593 crore.

For further information on the Company, its products and services please visit www.trivenigroup.com

Surabhi Chandna Triveni Engineering & Industries Ltd Ph: +91 120 4308000 Fax: +91 120 4311010, 4311011 E-mail: ir@trivenigroup.com

Gavin Desa/ Rishab Barar CDR India Ph: +91 22 6645 1237 / 1235 Fax: +91 22 22844561 E-mail: gavin@cdr-india.com|rishab@cdr-india.com

Note: Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local political or economic developments, technological risks, and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward-looking statements. Triveni Engineering & Industries Ltd. will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

TRIVENI ENGINEERING & INDUSTRIES LIMITED

Regd. Office: A-44, Hosiery Complex, Phase-II Extension, Noida, Uttar Pradesh - 201 305 Corp. Office : 8th Floor, Express Trade Towers, 15-16, Sector-16A, Noida, U.P - 201 301 CIN : L15421UP1932PLC022174

Statement of Standalone Audited Financial Results for the Quarter and Year ended March 31, 2023

Particulars

1 Revenue from operations

2 Other income

Total income

3 Expenses

(a) Cost of materials consumed (b) Purchases of stock-in-trade (c) Chan ges in inventories of finished goods, stock-in-trade an d work-in

progress

(d) Excise duty on sale of goods

(e) Employee benefits expense ( Finance costs

(g) Depreciation and amortisation expense

(h) Other expenses

Total expenses

4 Profit/(loss) from continuing operations before exceptional items and tax

5 Exceptional items (net) - income/ (expense)

6 Profit/(l oss) from continuing operations before tax

7 Tax expense

(a) Current tax

(b) Deferred tax

Total tax expense

8 Profit/(l oss) from continuing operations after tax

9 Profit/ (loss) from discontinued operations

10 Tax expense of discontinued operations

11 Profit/(loss) from discontinued operations (after tax)

12 Profit/(loss) for the period

13 Other comprehensive income

A (i) Items that will not be reclassified to profit or loss A (ii) Income tax relating to items that will not be reclassified to profit or loss B (i) Items that w ill be reclassified to profit or loss B (ii) Income tax relating to items that will be reclassified to profit or loss

Other comprehensive income for the period, net of tax

14 Total comprehensive income for the period

15 Paid up Equity Share Capital (face value f 1/-) 16 Other Equity

17 Earnings/ (loss) per share of Z 1/-each (not annualised)

(a) Basic (in )

(b) Diluted (in z)

See accompanying notes to the standalone financial results

3 Months ended

31/De/2 022 (Unaudited)

31/Mar/2023 (Audited) (refer note 7)

31/Mar/2022 (Audited) (refer note 7)

( in lakhs, except per share data)

Year ended

31/Mar/2023 (Audited)

31/Ma±/2022 (Audited)

181770

1730

183500

183280 1272

(79771)

23573

9850

789

2447

17134

158574 24926

- 24926

5304

664

5968

18958 - -

- 18958

(485) (122) 151 38

(250)

18708

2189

8.04

165737

3342

169079

127751 1377

(26433)

19599

8696 627

2381

15338

149336 19743

- 19743

4677

448

5125

14618 -

- 14618

- -

24 6

14636

2418

6.05

118738

649

119387

153934 971

(91001)

12209

9345 1322

2026

16213

105019 14368

(999)

13369

3919

(724)

3195

10174 - - - 10174

73 19 (29)

(8) 33

10207

2418

4.21

630690

7915

638605

395153 4624

8872

69326

34702

4984

9348

56277

583286 55319

158594

213913

19680

1832

21512

192401 - - - 192401

(232) (58) (194)

(49) (319)

192082

2189 263750

80.08

467744

3943

471687

311469 2625

(28177)

40310

30123

4948

8074

49320

418692 52995

(999)

51996

14798

(1018)

13780

38216 - -

- 38216

58 15 106

24 123

38339

2418 175004

15.81

T RIVENI ENGINEERIN G & INDUSTRIES LIM ITED

Standalone Audited Segment wise Revenue, Results, Assets and Liabilities for the Quarter and Year ended March 31, 2023

Particulars

31/Mar/2023 (Audited) (refer note 7)

3 Months ended 31/Dec/2022 (Unaudited)

31/Mar/2022 (Audited) (refer note 7)

( in lakhs)

Year ended

31/Mar/2023 (Audited)

31/Ma1/2022 (Audited)

1 Segment Revenue

(a) Sugar & Allied Businesses

Sugar Distillery

(b) Engineering Businesses Power transmission Water

Total Segment revenue Less : Inter segment revenue

Total Revenue from operations

2 Segment Results

(a) Sugar & Allied Businesses

Sugar Distillery

(b) Engineering Businesses

Power transmission

Water

Finan ce costs

Total Segment results Less: (i) (ii) Exceptional items (net) - (income)/ expense (iii) Other unallocable expenditure net of unallocable income Total Profit /(loss) before tax

3 Segment Assets

(a) Sugar & Allied Businesses

Sugar Distillery

(b) Engineering Businesses Power transmission Water

Total Segment assets Add : Unallocable assets Total Assets

4 Segment Liabilities

(a) Sugar & Allied Businesses

Sugar Distillery

(b) Engineering Businesses Power transmission

Water

Total Segment liabilities Add : Unallocable liabilities Total Liabilities

t .

-"1\

-- .

117092 59184 176276

7318 11422 18740

4191

199207 17437 181770

16389 6516 22905

2553 1047 3600

(157)

26348

789 - 633 24926

264700 88468 353168

21071 40087 61158

1123

415449 19121 434570

36871 6953 43824

5711 20095 25806

592

70222 98409 168631

113164 48157 161321

6052 10252 16304

4057

181682 15945 165737

11369 5014 16383

2104 843 2947

(191)

19139

627 - (1231) 19743

185346 84480 269826

18667 39056 57723

1231

328780 145460 474240

42583 7699 50282

4503 18776 23279

595

74156 54124 128280

84681 28372 113053

6659 9675 16334

4387

133774 15036 118738

12244 3057 15301

2411 479 2890

(346)

17845

1322 999 2155 13369

269508 68369 337877

14557 34105 48662

1424

387963 15513 403476

34638 5555 40193

3973 17123 21096

638

61927 164127 226054

436195 186553 622748

22525 34898 57423

15936

696107 65417 630690

30583 21232 51815

7644 2559 10203

(801)

61217

4984 (158594) 914 213913

264700 88468 353168

21071 40087 61158

1123

415449 19121 434570

36871 6953 43824

5711 20095 25806

592

70222 98409 168631

347385 107161 454546

18463 25361 43824

13582

511952 44208 467744

38651 14936 53587

6416 1731 8147

(453)

61281

4948 999 3338 51996

269508 68369 337877

14557 34105 48662

1424

387963 15513 403476

34638 5555 40193

3973 17123 21096

638

61927 164127 226054

TRIVENI ENGINEERING & INDUSTRIES LIMITED

Standalone Statement of Assets and Liabilities

( in lakhs)

As at 31/Mar/2023 (Audited)

As at 31/Mar/2022 (Audited)

Particulars

ASSETS 1 Non-current assets

(a) Property , plant and equipm ent (b) Capital work-in-progress (c) Investment property (d) Oth er intangi ble assets (e) Intangi ble assets under developm ent (f) Fin ancial assets (i) Investments (ii) Trade receivables (iii) Loans (iv) Oth er financial assets (g) Oth er non-current assets

2 Current assets (a) Inventories (b) Fin ancial assets

(i) Trade receivables (ii) Cash and cash equivalents (iii) Bank balance oth er th an cash and cash equivalents (iv) Loans (v) Oth er financial assets

TOTAL- ASSETS

EQUITY AND LIABILITIES EQUITY

(a) Equity share capital (b) Oth er equity

LIABILITIES 1 Non-current liabilities (a) Fin ancial liabilities (i) Borrowin gs (ii) Lease liabilities

(b) Provisions (c) Deferred tax liabilities (net) (d) Oth er non-current liabilities

2 Current liabilities

(a) Fin ancial liabilities (i) Borrowin gs (ii) Lease liabilities (iii) Trade payables

- total outstandin g dues of micro enterprises and

sm all enterprises

- total outstandin g dues of creditors oth er th an

micro enterprises and sm all enterprises

(iv) Oth er financial liabilities

(b) Oth er current liabilities (c) Provisi ons (d) Current tax liabilities (net)

TOTAL- EQUITY AND LIABILITIES

145441 2831 442 250 -

5349 211 2903 1588 1983 160998

199649

38462 6895 209 283 1209 26865 273572 434570

2189 263750 265939

14175 1228 2219 10840 1962 30424

68068 569

862

40598 7872 15709

106308 25653 442 161 3

5918 336 2002 1314 2985 145122

203687

26059 1822 408 46 821 25511 258354 403476

2418 175004 177422

26329 977 3351 9115 370 40142

123225 554

798

34278 8181 12740 4828 1308 185912 403476

# £ 4429 7 <<y

100 138207 434570

TRIVENI ENGINEERING & INDUSTRI ES LIMITED

Standalone Statement of Cash Flows

Particulars

Cash flows from operating activiti es

Profit before tax

Adjustments for:

Depreciation and amortisation expense Bad debts w ritten off - trade receivables carried at amortised cost Bad debts written off - other financial assets carried at amortised cost Impairment loss allowance on trade receivables and other financial assets (net of reversals)

Bad debts written off - non financial assets Impairment loss allowance on non financial assets (net or reversals)

Provision for non moving/ obsolete inventory (net of revers als) Loss on sale/write off of inventory Net fair value (gains)/ losses on investments Mark-to-market (gains)/losses on derivatives Credit baJances written back Financial guarantee commission income Exceptional

items- profit upon divestment in equity shares

items - net impairment loss allowanc e on receivable against divestment in equity shares

Exceptional Unrealised (gains)/ losses from changes in foreign exchange rates Loss on sale/ write off/impairment of property, plant and equipment Net (profit)/loss on sale/ redemption of investments Interest income Dividend income Finance costs

Working capital adjustments:

Change in inventories Change in trade receivables Change in other financial assets Change in other assets Change in trade payables Change in other financial liabilities Change in other liabilities Change in provisions

Cash generated from/(used in) operations

Income tax paid {net) Net cash inflow/(outflow) from operating activities

Cash flows from investing activities

Purchase of property, plant and equipment and intangible assets Procee ds from sale of property, plant and equipment Investments in subsidiaries Proceeds from disposal of investment in associate Proceeds from disposal/ redemption of investments (other than subsidiaries and associates) Loan to subsidiaries

Repayments of loan by subsidiaries and esrtwhile associate Decrease/ (increase) in deposits with banks Interest received Div id en d rec eiv ed Net cash inflow/(outflow) from investing activities

Cash flows from financing activities

Proceeds from long term borrowings Repayments of long term borrowings Increase/(decrease) in short term borrowings Interest paid (other than on lease liabiliti es) Payment of lease liabilities (interest portion) Payment of lease liabilities (principal portion) Buy-back of equity shares Buy-ba ck costs Tax paid on buy-backof equity shares Dividend paid Net cash inflow/(outflow) from financing activities

increase/(decrease) in cash and cash equivalents

Net Cash and cash equivalents at the beginning of the vear Cashand cash equivalents at the end of the year

ans &

g %\ ,'--,

'SI o

( in lakh s)

Year ended 31/Ma0/2023 {Audited)

Year ended 31/Mar/2022 (Audited)

213913

51996

9348 434 999 (1427)

12 (46) (32) 52 (14) 76 (213)

(23) (158594) -

14 164 (10) (4170) (1100) 4984

4017 (12276)

(457) (1285) 6507 {123} 5193 (1763) 64180 (20986 43194

(23587) 40

- 159300 43 (1200) 75 180 3938 11 0 0 139889

4224

(13698) (58404) (4914) (148) (1513) (80000) (606) (18116) (4835) (178010)

5073 1822 6895

8074 1129 2 (569)

69 699 160 38 7 (3) (109) (13) - 999 (21) 162 (73) (401) (1557) 4948

(30510) (4893) (308) (711) (27239) 1301 (3410) (651) (884) (15083) (15967)

(29345) 233 (900) -

89 (100)

1946 (201) 176 1557 (26545)

13202 (11828) 541 635 (4828) (130) (456) - - -

(72 53) 43342

830 992 1822

TRIVENI ENGINEERING & INDUSTRIES LIMITED

Notes to the Standalone Audited Financial Results for the Quarter and Year ended March 31, 2023

1. The above financial results have been prepared in accordance with the principles and procedures of the Indian Accounting Standards ('Ind AS) notified under section 133 of the Companies Act, 2013 [Companies (Indian Accounting Standards) Rules, 2015 (as amended)].

In view of the seasonality of the Sugar Business, the performance results may vary from quarter to quarter.

Exceptional items during the year represent profit of 158594 lakhs on divestment of entire equity stake in an associate company, M/ s Triveni Turbine Limited.

4. During the quarter,

the Company has completed buy-back of 22,857,142 equity shares of ? 1/- each [representing 9.45% of total pre buy-back paid up equity share capital of the Company] from the shareholders of the Company on a proportionate basis, through the tender offer route under the Securities and Exchange Board of India (Buy-back of Securities), Regulations 2018, at a price of 350 per equity share for an aggregate amount of 80000 lakhs. The payment to shareholders was made on March 3, 2023 and the Company has extinguished 22,857,142 fully paid up equity shares of 1 each. In accordance with section 69 of the Companies Act, 2013, the Company has transferred an amount of 229 lakhs, being amount equivalent to the nominal value of the shares bought back, to capital redemption reserve.

5. The Board of Directors of the Company has recommended a dividend of 325% (i.e. 3 .25 per equity share of the face value of 1 each), which is subject to the shareholder's approval in the ensuing annual general meeting.

6. The Company

has

no. of SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021. In compliance with the requirements of such circular, the initial disclosure and annual disclosure submitted to stock exchanges as per the requirements of such circular are attached herewith as Annexure A & B.

Large Corporate

identified

circular

terms

SEBI

been

7. The figures for the last quarter are the balancing figures between the audited figures in respect of the full financial year and the published unaudited year to date figures upto the third quarter of the financial year.

8. The figures of the previous year under various heads have been regrouped to the extent necessary.

9. The above audited standalone financial results of the Company for the quarter and year ended March 31, 2023 have been reviewed and recommended for adoption by the Audit Committee and approved by the Board of Directors of the Company at their respective meetings held on May 25, 2023.

For Triveni Engineering & Industries Limited

Place: Noida Date : May 25, 2023

Dhruv M. Sawhney Chairman & Managing Director

T RIV ENI ENGINEERIN G & INDUST RIES LIMIT ED Regd. Office : A-44, Hosiery Complex, Phase-II Extension, Noida, Uttar Pradesh - 201305 Corp. O ffice: 8th Floor, Express Trade Tow ers , 15-16, Sector-16A , N oida, U.P - 201 301 CIN: Ll5421UP1932PLC022174

Statement of Consolidated Audited Financial Results for the Quarter and Year ended March 31, 2023

Particulars

3 Months ended 31/Dec/2022 (Unaudited)

31/Mar/2023 (Audited) (refer note 8)

31/Mar/2022 (Audited) (refer note 8)

( in lakhs, except per share data)

Year ended

31/Mar/2023 (Audited)

31/Mar/2022 (Audited)

1 Revenue from operations 2 Other income

Tala 1 income

3 Expenses

(a) Cost of materials consumed

Purchases of stock-in-tra de

(b) (c) Changes in inventories of finished goods , stock-in-tra de and w ork-in-progress (d) Excise duty on sal e of goods (e) Employee benefits expens e (f) (g) Depreciation and amortisation expense (h ) Other expenses

Finance costs

Total exp enses

4 Profit/( loss) from contin uing operati ons before share of profit/(loss) of associ ates,

exceptional items an d tax

5 Share of profit / (loss) of associa tes 6 Profit/(loss) from continuing operations before exceptional items and tax 7 Excepti onal items (net) - income/ (expens e) 8 ProfiV0oss) from continuing operati ons before tax 9 Tax expense

(a) Current tax (b ) Deferred tax Tota l tax expense

10 P rofit/( loss) from conti nuing operati ons aft er tax 11 Profi t(loss) from discontinued operati ons

12 Tax expense of discontinued operations 13 P rofit /(loss) from discontin ued ooerati ons (after tax) 14 Profit/ (loss) for the period

Profit/ (loss) for the peri od attri butable to :

(i) Owners of the Company (ii) Non-controlling interests

15 Other comprehensive income

A (i) Items that will not be rec la ssifi ed to profit or loss A (ii ) Income tax rela tin g lo items that will not be rec la ssifi ed to profit or loss B (i) Items tha t will be rec la ssified to profit or loss B (ii ) Income ta x rela tin g to items that will be reclassified to profit or loss

Other comprehensive income for the period, net of tax

Other comprehensive income for the period, net of tax attributable to:

(i) Owners of the Company (ii) Non-controlling interests

16 Total comprehensive income for the period

Total comprehens ive inc ome for the period attri butable to:

(i) Owners of the Company (ii) Non-controlling interests

17 Paid up Equity Sh are Capital (face value 1/ -) 18 Oth er Equity 19 Earings/ (loss) per share oH 1/- each (not annualised)

(a) Basic (in ) (b) Diluted (inf)

Sec accompanying notes to the consolidated financial results

181829 2157 183986

183280 1272 (79771) 23573 9887 980 2447 17261 158929

25057

- 25057 - 25057

5330 696 6026 19031 - - - 19031

19031 -

(485) (122) 151 38 (2501

(250) - 18781

18781 - 2189

8.08 8.08

165871 3727 169598

127752 1377 (26433) 19599 8724 813 2381 15514 149727

19871 - 19871 - 19871

4694 449 5143 14728 - - - 14728

14728 -

- -

24 6 18

- 14746

14746 - 2418

6.09 6.09

119212 296 119508

153934 971 (91001) 12209 9368 146l 2026 16261 105229

14279

733 15012 (671) 14341

3963 (539) 3424 10917 - - - 10917

10917 -

67 17 (27) (7) 30

- 10947

10947 - 2418

4.52 4.52

631010 8041 639051

395153 4624 8872 69326 31828 5674 9348 56615 584440

54611

1633 56244 140120 196364

19741 (2557) 17184 179180 - - - 179180

179180 -

(232) (58) (256) (55) (375)

(375) - 178805

178805 - 2189 264336

74.58 74.58

469404 2219 471623

311469 2625 (28177) 40310 30265 5453 8074 49472 419491

52132

5914 58046 (671\ 57375

14900 69 14969 42406 - - - 42406

42406 -

469 13 131 33 554

554 - 42960

42960 - 2418 188867

17.54 17.54

Consolidated Audited Segment wise Revenue, Results, Assets and Liabilities for the Quarter and Year ended March 31, 2023

TRIVENI ENGINEERING & INDUSTRIES LIMITED

Particular s

3 M onths ended 31/Dec/2022 (U naudited)

31/Mar/2023 (Audited) (refer note 8)

31/Mar/2022 (Audited) (refer note 8)

( in lakhs)

Year ended

31/Mar/2023 (Audited)

31/Mar/2022 (Audited)

1 Segment Revenue

(a) Sugar & Allied Businesses

Sugar

Distillery

(b) Engineering Businesses Power transmission

Water

Total Segment revenue Less : Inter segment revenue Total Revenue from operations

2 Segment Results

(a) Sugar & Alli ed Businesses

Sugar D istillery

(b) Engineering Businesses Power transmission Water

Total Segment results Less:

(i) Finance costs

(ii) Excepti onal items (net) - (income)/ expense (iii) Share of (profit)/loss of associates

(iv) Oth er unall ocable expenditure net of unallocable income

Total Profit/(l oss) before tax

3 Segment Assets

(a) Sugar & Allied Businesses

Sugar

Distillery

(b) Engineering Businesses Power transmission Water

Total Segment assets Add : U nall ocable assets Total Assets

4 Segment Liabiliti es

(a) Sugar & Allied Businesses

Sugar

D istillery

(b) Engineering Businesses Power transmission Water

Tota l Segment liabiliti es Add : Unallocable liabiliti es Total Liabiliti es

117092 59184 176276

7318 11480 18798

4191

199265 17436 181829

16389 6516 22905

2553 952 3505

(157)

26253

980 - - 216 25057

264700 88468 353168

21071 57178 78249

1123

432540 12904 445444

36871 6953 43824

5711 21773 27484

592

71900 107019 178919

113164 48157 161321

6052 10386 16438

4057

181816 15945 165871

11369 5014 16383

2104 774 2878

(191)

19070

813 - - (1614) 19871

185346 84480 269826

18667 56623 75290

1231

346347 138986 485333

42583 7699 50282

4503 20562 25065

595

75942 62918 138860

84681 28372 113053

6659 10149 16808

4387

134248 15036 119212

12244 3057 15301

2411 884 3295

(346)

18250

1461 671 (733) 2510 14341

269508 68369 337877

14557 48193 62750

1424

402051 27697 429748

34638 5555 40193

3973 18843 22816

638

63647 174816 238463

436195 186553 622748

22525 35217 57742

15936

696426 65416 631010

30583 21232 51815

7644 2428 10072

(801)

61086

5674 (140120) (1633) 801 196364

264700 88468 353168

21071 57178 78249

1123

432540 12904 445444

36871 6953 43824

5711 21773 27484

592

71900 107019 178919

347385 107161 454546

18463 27021 45484

13582

513612 44.208 469404

38651 14936 53587

6416 3101 9517

(453)

62651

5453 671 (5914) 5066 57375

269508 68369 337877

14557 48193 62750

1424

402051 27697 429748

34638 5555 40193

3973 18843 22816

638

63647 174816 238463

TRIVENI ENGINEERING & INDUSTRIES LIMITED

Consolidated Statement of Assets and Liabilities

Particulars

ASSETS

1 Non-current assets

( in lakhs)

Asat 31/Mar/2023 (Audited)

Asat 31/M a±/2022 (Audited)

(a)

Property, plant and equipment Capital work-in-progress Investment property

(b) (c) (d) Goodwill

(e) (f) (g) {h)

Other intangible assets Intangible assets under development Investments accounted for using equity method Finan cial assets

(i) Investments (ii) Trade receivables (iii) Loans (iv) Other financial assets

(i) Deferred tax assets (net) (j) Other non-current assets

2 Current assets

(a) (b)

Inventories Financial assets

Trade receivables

(i) (ii) Cash and cash equivalents

Bank balance other than cash and cash equivalents

(iii) (iv) Loans (v) Other financial assets

(c)

Other current assets

TOTAL - ASSETS

EQUITY AND LIABILITIES EQUITY

Equity share capital

(a) (b) Other equity

LIABILITIES

1 Non-current liabilities

(a)

Financi al liabilities

Borrowings (i) (ii) Lease liabilities

Provisions (b) (c) Deferred tax liabilities (net) (d) Other non-current liabilities

2 Current liabilities

(a)

Financial liabilities

(i) Borrowings (ii) Lease liabilities (iii) Trade payables

- total outstanding dues of micro enterprises and small enterprises - total outstanding dues of creditors other than micro enterprises and small enterprises

(iv) Other financial liabilities

(b) Other current liabilities (c)

Provisions Current tax liabilities (net)

(d)

TOTAL- EQUITY AND LIABILITIES

145441 2831 1210 68 250

616 17109 3 1538 36 2145 171247

199649

39197 7201 754 58 1726 25612 274197 445444

2189 264336 266525

22240 1228 2219 10872 3394 39953

68890 569

862

40606 7562 15948 4429 100 138966 445444

106308 25653 1210 68 161 3 18704

635 16469 2 1646 37 3087 173983

203687

26680 2328 462 46 650 21912 255765 429748

2418 188867 191285

31918 977 3351 13542 509 50297

124058 554

798

34286

8005 14313 4829

1323 /%eg

188166 429748

l.,y "•

TRIVENI ENGINEERING & INDUSTRIES LIMITED

Consolidated Statement of Cash Flows

Particulars

Cash flows from operating activities Profit before tax

Adjustments for:

Share of net (profit)/loss of associate accounted for using the equity method Depreciation and amortisation expense Bad debts written off - trade receivabJes carried at amortised cost Bad debts written off - other financial assets carried at amortised cost

Impairm ent loss allow ance on trade rece ivables and other financial assets (net of reversals) Bad debts written off - non financial assets Impairm ent loss all ow anc e on non financial assets (net of reversals) Provision for non moving/ obsolete inventory (net of reversals) Loss on sale/write off of inventory Net fair value (gains)/ losses on investments Mark-to-market (gains)/losses on derivatives Credit balances written back Exceptional items - profitupon divestment in equity shares

Exceptional items - net impairment loss allowance on receivable against divestme nt in equity shares Unrealised (gains)/ losses from changes in foreignexchange rates Loss on sale/ write off/impairment of property, plant and equipment Net (profit)/loss on sale/redemptionof investments Interest income Dividend income Finance costs

Working capital adjustments:

Cash generated from/(used in) operations Income tax paid (net)

Net cash inflow/(outflow) from operating activities

Cash flows from investing activities

Purchase of property, plant and equipment and intangible assets Proceeds from sale of property, plant and equipment Investments in subsidiaries Investments (other than subsidiaries and associates) Proceeds from disposal of investments in associate

Proceeds from disposal/redemption of investments (other than subsidiaries and associates) Purchase of investment property Loan to associate Repayments of loan by erstwhile associate Decrease/ (increase) in deposits with banks Inte rest received Dividend received from associate Other dividends received Net cash inflow/(outflow) from investing activities

Cash flows from financing activities Proceeds from long term borrowings Repayments of long term borrowings Increase/ (decrease) in short term borrowings Interest paid (other than on lease liabilities) Payment of lease liabilities (interest portion) Payment of lease liabilities (principal portion) Buy-back ofequity shares Buy-back costs Tax paid on buy-ba ck of equity shares Dividend paid

Net cash inflow/(outflow) from financing activities

Net increase/(decrease) in cashand cash equivalents Cash and cash equivalents at the beginniny of the year Cash and cash equivalents at the end of the year

( in lakhs)

Year ended 31-Mar-2023 (Audited)

Year ended 31-Mar-2022 (Audited)

196364

57375

(1633) 9348 434 999 (1427) 12 (46) (32) 52 (14) 76 (213) (140120) -

14 164 (10) (5409) (5) 5674

4017 (13155) (368) (3605) 6507 (123) 5152 (1763) 60890 121146 39744

(23587) 40

- - 159300 43

- - - (311) 4780 1095 5 141365

7524 (14534) (58404) (5604) (148) (1513) (80000) (606) (18116) (4835) (176236)

4873 2328 7201

(5914) 8074 1129 2 (569) 69 699 160 38 7 (3) (109) - 671 (21) 162 (73) (247) (3) 5453

(30510) (10889) (627) (131) (27248) 1301 (300) (651) (2155) (15184' (17339)

(29345) 233 - - -

- - 1846 (199) 144 1554 3 (25675)

14793 (12032) 54633 (5341) (130) (456) - - - (7253) 44214

1200 1128 2328

TRIVENI ENGINEERING & INDUSTRIES LIMITED

to the Consolidated Audited Financial Results

Notes March 31, 2023

for

the Quarter and Year

ended

1. The above financial results have been prepared in accordance with the principles and procedures of the Indian Accounting Standards ('Ind AS') notified under section 133 of the Companies Act, 2013 [Companies (Indian Accounting Standards) Rules, 2015 (as amended)].

In view of the seasonality of the Sugar Business, the performance results may vary from quarter to quarter.

3. Exceptional items during the year represent profit of z 140120 lakhs on divestment of entire equity stake in an

associate company, M/s Triveni Turbine Limited.

4. During the quarter,

the Company has completed buy-back of 22,857,142 equity shares of ~ 1 /- each [representing 9.45% of total pre buy-back paid up equity share capital of the Company ] from the shareholders of the Company on a proportionate basis, through the tender offer route under the Securities and Exchange Board of India (Buy-back of Securities), Regulations 2018, at a price of 350 per equity share for an aggregate amount of 80000 lakhs. The payment to shareholders was made on March 3, 2023 and the Company has extinguished 22,857,142 fully paid up equity shares of1 each. In accordance with section 69 of the Companies Act, 2013, the Company has transferred a.n amount of 229 lakhs, being amount equivalent to the nominal value of the shares bought back, to capital redemption reserve.

5. The Board of Directors of the Company has recommended a dividend of 325% (i.e. z 3.25 per equity share of the face value ofz1 each), which is subject to the shareholder's approval in the ensuing annual general meeting.

6. The Company

has

Large Corporate

identified

circular

terms

SEBI

been

7. The standalone audited financial results of the Company are available on the Company's website (www.trivenigroup.com), website of BSE (www.bseindia.com) and NSE (www.nseindia.com). Summarised standalone financial performance of the Company is as under :

Particulars

Income from operations Profit/ (loss) before tax (aft er exceptional items) Profit/ (loss) after tax (after exceptional items) Total comprehensive income

3 Months ended

31/Dec/2022 (Unaudited)

31/Mar/2023 (Audited) (refer note 8)

31/Mar/2022 (Audited) (refer note 8)

( in lakhs)

Year ended

31/Mar/2023 (Audited)

31/Mar/2022 (Audited)

181770

165737

118738

630690

467744

24926

19743

13369

213913

51996

18958

18708

14618

14636

10174

10207

192401

192082

38216

38339

8. The figures for the last quarter are the balancing figures between the audited figures in respect of the full financial year and the published unaudited year to date figures upto the third quarter of the financial year.

9. The figures of the previous year under various heads have been regrouped to the extent necessary.

10. The above audited consolidated financial

the quarter and year ended March 31, 2023 have been reviewed and recommended for adoption by the Audit Committee and approved by the Board of Directors of the Company at their respective meetings held on May 25, 2023.

results of the Company for

For Triveni Engineering & Industries Limited

Place : Noida

Date : May 25, 2023

Dhruv M. Sawhney Chairman & Managing Director

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