(i) Considered & Approved The Audited Financial Results Of The Company .

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UDAIPUR CEMENT WORKSLIMITEDUCWL/SECTL/SE/2217*hMay2022BSE Ltd.Department of Corporate Affairs,25thFloor, Phiroze Jeejeebhoy TowersDalal Street, Mumbai-400001Through: BSE Listing CentreSecurity Code: 530131DearSir/ Madam,Re: Outcome of Board Meetin held on 17th Ma 20221Kindly refer to our letters dated 7th & 12th May 2022 informing that the Board will alsoconsider proposal for fund raising through Term Loans / NCDs / Equity Shares.2.Pursuant to Regulations 30 and 33 of the SEBI (Listing Obligations and DisclosureRequirements) Regulations, 2015 (Listing Regulations), we have to inform you that the Board atits Meeting held today, which commenced at 2:00 pm and concluded at 4:40 pm inter alia:(i)Considered & approved the Audited Financial Results of the Company for theQuarter/Financial Year 2021-22 ended 31st March 2022;(ii)Approved the fund raising through Term Loans/NCDs on private placement basis,in one or more Tranches, upto an amount of ? 1100 Crores (inclusive of ? 850 Croresalready approved bythe Board) for partfinancingthe Company's Expansion Project; and(iii)Approved, issue of Equity Shares by way of a Rights Issue to the existingshareholders of the Company of an amount not exceeding ? 450 Crores (Rupees FourHundred & Fifty Crores only) subject to requisite Regulatory / Statutory approvals.3.The Board also constituted the "Rights Issue Committee" to decide on the terms andconditionsofthe Issueincludingthe Rights Entitlement Ratio,the IssuePrice, Record Date,Timingof the Issue and other related matters.4.In this connection, we enclose herewith the following:(i)Audited Financial Results for the quarter/ financial year 2021-2022 ended 31stMarch2022; and(ii)Auditor's Report on the Audited Financial Results.Admin. Office:NehruHouse,4, BahadurShahZafarMarg, NewDelhi-110002 j Phone: 91-11-66001142/66001112 Fax: 91-11-66001142j Email:ucwl.customercare@ucwl.jkmail.com j WtorEs& Regd.Office: ShripatiNagar,CFA,P.O.Dabok,Udaipur-313022, Rajasthan Phone: 91-294-2655076 Fax: 91-294-2655077 Email:ucwl@ucwl.jkmail :omCIN:L26943RJ1993PLC007267www.udaipurcement. comBEET

UDAIPUR CEMENT' WORKSLIMITED5.The Reports of the Auditors are with unmodified opinion with respect to the AuditedFinancial Statements of the Company for the Financial Year 2021-2022 ended 31st March 2022.6.The Results are also being published in the Newspapers as per the requirement of theListing Regulations.This is for your information and record.Thanking you and assuring you our best cooperation at all times.Yours faithfully,For Udaipur Cement Works Limited( oonamSingh)Company Secretary and Compliance officerEncl:a. a.Admin.Office:NehruHouse,4, BahadurShahZafarMarg.NewDelhi-110002j Phone: 91-11-66001142/66001112 Fax: 91-11-66001142 j Email:ucwlxustomercare@ucwljkmail. com Works& Regd.Office: Shripati Nagar,CFA,P.O.Dabok,Udaipur-313022, Rajasthan Phone: 91-294-2655076 ) Fax: 91-294-2655077 j Email:ucwi@ucwl.jkmail. E T

UDAIPURCEMENTWORKSLIMITEDRegd. Office: Shripati Nagar, CFA, P. O. Dabok, Udaipur-313 022 (Rajasthan)Admin Office: Nehru House, 4, Bahadur Shah Zafar Marg, New Delhi - 110 002Website: www. udaipurcemsnt. com, Email Id : ucwl. investors@jkmail. com, Tele/Fax : 0294-2655076/77, CIN :L26943RJ1993PLC007267Statement of Audited Financial Results for the Quarter and Year ended 31st March, 2022Amount in ? Crs.Sl.No.Quarter EndedParticulars1Revenue from Operations2Other Income3Total Income (1 2)4Year Ended31.03. 202231. 12. 202131. 03. 202131. 03. 202231. 03. )254. 41207. 760. 311.050. 895. 5. 10Expenses:a)Cost of Materials consumed37. 6127. 9021. 81122. 2181.00b)Purchase of Stock-in-Trade52.8652. 6069. 44203.22208. 78(0. 57)2. 1912. 62c)Changes in Inventories of Finished Goods, Work-in-Progress and Stock-in-Trade2.454. 97d)Employee Benefits Expenses8. 848. 798. 6336. 3335. 17e)Power and Fuel62. 6654. 9242.36224. 30143. 64f)Transport, Clearing & ForwardingCharges17.4511. 1612.3256. 5942. 27g)Finance Costs12. 4212.7511.3150. 2653. 78h)Depreciation and Amortisation Expenses9. 198.848. 2635. 1533.43i)Other Expenses25. 0219.5119. 5282.4462.90228. 50201.44193.08812.69673.59Profit / (Loss) before Interest, Depreciation & Taxes (EBITDA)47.8328.9646.27153.82151.285Profit / (Loss) before Exceptional Items and Tax (3 - 4)26.227.3726.7068. 4164.076Exceptional Items - Gain /(Loss)(3. 60)7Profit / (Loss) Before Tax (5 6)22.627. 3719. 778Tax ExpenseTotal Expenses(6. 93)(3. 60)64.81(6. 93)57. 14- Current Tax- Deferred Tax9 Net Profit / (Loss) After Tax (7 - 8)6.401. 98(2. 32)16. 152. 1416.225. 3922.0948. 6655.0010Other Comprehensive Income / (Loss)(net of tax)(0. 07)(0. 06)(0. 15)(0. 23)(0. 26)11Total Comprehensive Income / (Loss) (9 10)16. 155. 3321.9448. 4354.74124.56124.56124.56124. 56124.56170. 00122.211. 561. 7712Paid-up Equity Share Capital (Face value ? 4 per Share)13Other Equity (excld. Revaluation Reserve)14Earnings Per Share (of ? 4/- each) (Not Annualised)Basic / Diluted0. 520. 170. 71Page 1/2

Note -1Audited Statement of Assets and Liabilities as at 31st March, 2022Amount in ? CrsSl.31. 03. 2022As at31.03.2021(Audited)(Audited)As atParticularsNo.ASSETSA1Non-Current Assets(a)(b)(c)(d)Property, Plant and Equipment716. 37672. 03Capital Work-in-Progress130.4046. 259. 159. 15Investment PropertyIntangible Assets(e)0. 01Financial Assets(i) Others6. 438. 33(f)Deferred Tax Assets (Net)41. 2757. 34(g)Other Non-Current Assets90. 420. 13994. 04793. 2489. 7950. 7187. 1992.74Sub-Total Non-Current Assets2Current Assets(a)Inventories(b)Financial Assets(i)(ii)(iii)(iv)(V)(c)(d)InvestmentsTrade Receivables4. 480. 82Cash and Cash equivalents6. 872. 64227. 2110. 06Bank Balances other than (iii)OthersOther Current AssetsCurrent Tax Assets (Net)2. 041. 9215. 5621. 811. 440. 85434. 58181. 551, 428. 62974. 79Equity Share Capital124.56124.56Other Equity170. 00122. 21294.56246.77534.82522.9825. 6319. 662. 14Sub-Total Current AssetsTOTALASSETS(1 2)EQUITY AND LIABILITIESB1Equity(a)(b)Sub-Total Equity22.1LiabilitiesNon-Current Liabilitii(a)Financial Liabilities(i) Borrowings(ii) Other Financial Liabilities(b)Provisions2. 46(c)Other Non-Current Liabilities0. 620.40563. 53545. 18406. 3346. 79Sub-Total Non-Current Liabilities2. 2Current Liabilities(a)Financial Liabilities(i) Borrowings(ii) Trade PayableMicro and Small EnterprisesOthers(iii) Other Financial Liabilities(b)Other Current Liabilities(c)ProvisionsSub-Total Current Liabilities TOTAL EQUITYAND LIABILITIES( 1 2 )1. 970. 4665. 6852.8659. 8645. 6936. 1636. 570. 530. 47570.53182.841,428. 62974. 79

Note - 2Audited Statement of Cash Flow for the Year ended 31st March 2022Amount in ? Crs)ParticularsA.Year endedYear ended31.03.202231. 03. 2021(Audited)(Audited)CASH FLOWFROM OPERATINGACTIVITIESNet Profit/ (Loss) before Tax and Exceptional Items68.4164. 07Depreciation and Amortisation35.1533. 43Interest Income(0. 80)Profit on sale of Assets (net)(0. 80)(0. 03)Profit on sale of Current Investment (net)(4.26)(1. 05)0.39(0. 30)Finance Cost50. 2653. 78Foreign Exchange Difference (net)(0. 05)0. 08Adjustments for:(Gain) / Loss on fair value of Current InvestmentsExceptional ItemsOperating Profit before Working Capital changes(0, 04)(3. 60)6. 93145.47142.244. 0217.48(39.08)17. 0232.5210.36Adjustments for:Trade & Other ReceivablesInventoriesTrade & Other PayablesB.Net Cash from Operating ActivitiesCASH FLOW FROM INVESTINGACTIVITIESPurchase of Property, Plant & EquipmentC.(254. 05)(48. 53)Sale of Property, Plant & Equipment0.030. 11Interest received0.700. 59(Purchase)/ Sale of Investments (net)9.42Net Cash from / (used in) Investing ActivitiesCASH FLOW FROM FINANCINGACTIVITIESProceeds from issue of Non Convertible Debentures66.30350. 00Proceeds from Long-Term Borrowings64.22274. 51Repayment of Long-Term Borrowings(47. 65)(265. 11)Interest Paid(0. 10)(44. 22)(70. 82Net Cash from / (used in) Financing Activities322. 35(61. 52)Increase / (Decrease) in Cash & Cash Equivalents221.3811. 4512.711. 26234. 0912.710.010.02234.0812.69234. 0912. 71E. Cash & Cash Equivalents as at the beginning of the periodF.(114. 13)(243. 90)Short term Borrowings (net)D.187.10142. 93Cash & Cash Equivalents as at the close of the periodNotes :1Cash and Cash Equivalents include :- Cash, Cheques in hand and remittance in transit- Balance with Scheduled Banks Page 3/4

(3)The Company has only one business segment namely "Cementitious Materials".(4)Thefiguresfor the previous periods have been regrouped/ rearrangedwherever necessary. The figures oflast quarters are the balancingfigures betweenthe auditedfigures in respect of the full financialyearandthe published year to date figures upto the third quarter of the relevant financial years.(5)The above results have been reviewed by the Audit Committee and approved by the Board of Directors attheir respective meetings held on 17th May 2022.(6)Exceptional Item of ? 3. 60 Crores includes: -(i) RIPS Benefits of ? 2. 52 Crores availed by the Company during an earlier Financial Year under the RajasthanInvestment Promotion Scheme, 2010 on SGST deposited in respect of certain Sales made by the Company whichwas disallowed by the Department.(ii) Cross Subsidy Charges of ? 1. 08 Crores levied by the State Electricity Board on the Solar Power generated& consumed in an earlier year from its In-house Solar Power Plant.(7)The Company has considered all possible impact of Covid-19 Pandemic in preparation of the above FinancialResults. The Company expects to recover the carrying amounts of its Assets & does not foresee any risk toservice its financial obligations. The impact of any future events & developments emerging out of Pandemic,occurring after the approval of the above Financial Results will be recognized prospectively.For Udaipur Cement Wor'/Place: New DelhiDate: 17th May 2022Limited\ (Vinita Singhania)Chairpersonuc uWORKSLIMITEDUDAIPUR CEMENT(A subsidiaryof JK Lakshmi Cement Ltd.Page 2/2

ansilal ShahCACoCHARTEREDACCOUNTANTSRef. No.Date.inde endent Auditor's Re crt on the Quarterl and Year to Date Audited StandaloneFinancial Results of Udai ur Cement Works Limited ursuant to the Re ulation 33and 52 of the SEBI Listin Obli ations and Disclosures Re uirements Re ulations2015 as amendedToThe Board of Directors of UDAIPUR CEMENT WORKS LIMITEDReport on the audit of the Standalone Financial ResultsOpinion1. We have audited the accompanying-Statement of Standalone Financial Results of UdaipurCement Works Limited ("the Company"), for the quarter ended 31st March, 2022 and the year todate results for the period from 01st April, 2021 on 31st March, 2022 ("the statement") attachedherewith, beingsubmitted by the company pursuantto the requirementof Regulation33 and52of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, as amended("Listing Regulations") In our opinion and to the best of our information and according to theexplanationsgiven to us, the statement:a) is presented in accordance with the requirements of the Listing Regulations in this regard;andb) gives a true and fair view in conformity with the recognition and measurement principleslaid down in the applicable Indian Accounting Standards (Ind AS) and other accountingprinciples generally accepted in India of the net profit, other comprehensive income andother financial information of the Company for the quarter ended 31st March, 2022 as wellasthe yearto date results for the periodfrom 1stApril, 2021to 31stMarch,2022.Basisfor OpinionWe conducted our audit in accordance with the Standards on Auditing ("SAs") specified underSection 143(10) of the Companies Act, 2013 ("the Act"), Our responsibilities under those Standardsare further described in the "Auditor's Responsibilities of the Standalone Financial Results" sectionof our report. We are independent of the Company in accordance with the Code of Ethics issued bythe Institute of Chartered Accountants of India together with the ethical requirements that arerelevant to our audit of the Financial Results under the provisions of the Act and the Rulesthereunder, and we have fulfilled our other ethical responsibilities in accordance with theserequirements and the ICAI's Code of Ethics. We believe that the audit evidence obtained by us issufficient and appropriate to provide a basis for our audit opinion. ft S .* - ,s iUdalpurOff. : 2*-Floor.MeeraComplex, 1, Sardarpura, dii t 3 Q91 . 17, 2526694e-mail: ashah0099@gmail;com, dhruv@blshah. com, Webstte : vjv.i.su

Management's hestatement hasbeenprepared onthebasisoftheannua'standalone financialstatements fortheyear ended31" March, 2022. The Board of Directors of the Company are responsible'for theparation andprepresentationof these standalone financialresults thatgivea trueand fair view ofthenetpromandothercomprehensive incomeandotherinformation in'accordance''with the IndianAccounting Standards (Ind AS) prescribed under section 133 of theAct read with relevant'ruies!.T.ed-thereund"andotheraccounting principles 8enerally accepted in l"diaandincomplian'cewith Regulation 33 and Regulation 52 ofthe ListingRegulations. This responsibility also'indudesmaintenance of adequate accounting records in accordance with the provisions of the Act fors afeguard!n8 the assets of the company and for Preventing and detecting" frauds "and'olther'rre:gyt ar'ties;. selection and aPplication "Appropriate accounting policies; making-j:udgm'ent an'destimates that are reasonable and prudent; and design, implementation and"maintenance"ofadlquarnterna'. financialcontrols *'andc-ompieteness of the accounting records, relevant to the preparation and presentation'of thestandaione financiai statements that give a true and fair view and are free"from"materialmisstatement, whetherdue to fraud or error.In preparing the statement, the Board of Directors are responsible for assessing the Company'scontinuegoing concern, disclosing,applicable, matters related-to"g oing'conw cem" dability toas oceaseoperations,orhasnorealisticalternative buttodoso. rhe Boardof Directors are a!so responsible for overseeing the Compan/s financial ditoftheStandaloneFinancialStatementsOur objectives are to obtain reasonable assurance about whether the standalone financialstatements asitor'sa wholearefreefrommaterial misstatement, whetherduetofraudorerro 'and'toreport that includes Pinion- R"sonable assurance is!ssue an aydhigh level ofassurance', butisnota euaranteethatanauditconducted inaccordancewithSAswillalways'detectouraa material misstatement when it exists. Misstatements can arise from fraud or error'and"a reco nsidered material, if individually in the aggregate, they could reasonably be akenonthebasisofthesestandalonefinanciaTresults"As part of an audit in accordance with SAs, we exercise professional judgment and maintainskepticismthroughoutthe audit.Wealso:o Identifyandassessthe risksof material misstatement ofthestandalonefinancialstatements.whetherdueto n!Theriskofnotdetecting a material misstatement resulting from fraud ishigherthanfor'oneresulting from error, as fraud may involve collusion, forgery, intentional omissions;misrepresentations, or the override of internal control.

levanttotheauditinordertodesignaudit procedures that are appropriate in the circumstances. Under section 143(3)(i) of theCompanies Act. 2013. we are also responsible for expressing our opinion through,a'separatereport on the complete set of standalone financial statements on whetherthe Company standalonefinancialstatementsinplaceandthe operatingeffectivenessof such controls.» Evaluatetheappropriateness ofaccounting policiesusedandthereasonableness ofaccountingestimates and related disclosures made bythe Board-of Directors.Conclude on the appropriateness of Board of Director use of the going concern basis of fOKntm? ard, based on the audit evidence obtained, whether a material uncertainty existsre-ated to events or conditions that may cast significant doubt on the Company's abiiity tocontinueasa goingconcern.Ifweconcludethata tion inourauditor's report to the related disclosures inthefinancialstatements or. ifsuchdisciosuresare inadequate, to modifyouropinion. Ourconclusions arebasedonthe rt. yto ceaseto continue asa goingconcern. Evaiuatetheoverall presentation, structure andcontentofthe standalonefinancialstatements.including the disclosures, and whether the standalone financial statements represent theunderlying transactions andevents ina manner thatachieves fairpresentation.Wecommunicate withthosechargedwithgovernance regarding,amongothermatters, theplannedscopeandtiming oftheauditandsignificantauditfindings, includinganysignificantdeficienciesininternal control that we identify during our audit.We also provide those charged with governance with a statement that we have complied withrelevant ethical requirements regarding independence, and to communicate with'them thoughttobearonourindependence,andwhere applicable, related safeguards.

Other MattersLh'Lstat-emen!includes !h"result?for the Quarter ended31st March-2022beingthebalancingfigure between audited figures in respect of the full financial year 31st March," 2022 and"th publisher unaudited nancia7yea-rwhichweresubject to limited reviewbyus,asrequired undertheListingRegulations.Ouropinion on the same isnot modified in respect ofabove matter.ForBANSILALSHAH&CO.Chartered AccountantsFirm's Registration No: 000384W. UFARVIND SHAH(Partner)Membership No. : 071690UDIN-22071690AJCGRT1168Place: UdaipurDate: May 17, 2022/

E. Cash & Cash Equivalents as at the beginning of the period F. Cash & Cash Equivalents as at the close of the period Notes : 1 Cash and Cash Equivalents include : - Cash, Cheques in hand and remittance in transit - Balance with Scheduled Banks Year ended 31.03.2022 (Audited) 68.41 Amount in ? Crs) Year ended 31.03.2021 (Audited) 64.07 35.15 (0 .

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