Intellect/SEC/2020-21

National Stock Exchange of India Ltd., Scri

Exchange Plaza, 5th Floor, Plot No. C/1, G Block, BandraKurla Complex, INTELLECT

Bandra (E), Mumbai – 400 051.

BSE Ltd.

1st Floor, New Trade Ring, Rotunda Building, PJ Towers,

Dalal Street, Fort,

Mumbai – 400 001.

Dear Sir, Sub: Copy of Newspaper publication w.r.t unaudited financial results for the quarter ended June 30, 2020 In accordance with Regulation 47 of SEBI (Listing obligations and disclosures 2015 the said unaudited financial results for the quarter ended June 30, 2020 has been published in Hindu” Tamil and “Business line” respectively dated Au We request you to take the above information on record and confirm compliance. Thanking you,

For Intellect Design Arena Limited,

V V Naresh

Company Secretary and Compliance Officer

21 August 06

National Stock Exchange of India Ltd., Scri

Exchange Plaza, 5th Floor, Plot No. C/1, G Block, BandraKurla Complex, INTELLECT

BSE Ltd.

1st Floor, New Trade Ring, Rotunda Building, PJ Towers,

Sub: Copy of Newspaper publication w.r.t unaudited financial results for the quarter ended June 30, 2020

In accordance with Regulation 47 of SEBI (Listing obligations and disclosures requirements)2015 the said unaudited financial results for the quarter ended June 30, 2020 has been published in

respectively dated August 06, 2020.

We request you to take the above information on record and confirm compliance.

Company Secretary and Compliance Officer

August 06, 2020

National Stock Exchange of India Ltd., Scrip Code :

Exchange Plaza, 5th Floor, Plot No. C/1, G Block, BandraKurla Complex, INTELLECT

Scrip Code :

538835

Sub: Copy of Newspaper publication w.r.t unaudited financial results for the quarter ended June 30, 2020

requirements) Regulations, 2015 the said unaudited financial results for the quarter ended June 30, 2020 has been published in “The

Goldbreaches₹55,000mark

OURBUREAUMumbai, August 5

The sharp rally in the interna-tional markets has pushedgold prices over the crucial₹55,000 per 10 gram-mark onWednesday even as the de-mand for the precious metalremained lacklustre in India.The yellow metal ended

higher at ₹55,448 on Wednes-day against ₹54,004 logged inon Tuesday.Gold in the international

markets hit a new high bycrossing the important bar-rier of $2,000 mark on hopesof another economic stimulusby the US government.Spot gold in the US closed

up 0.2 per cent to $2,022.42per ounce after hitting above$2,030 on Tuesday.Meanwhile, gold in the In-

dian futures market rallied.

On MCX, gold futures hit anew high of ₹55,390 per 10gram after it rose 1.35 per cent.Silver futures surged 4 percent to ₹72,654 per kg.Gold and silver have been

best performing assets so farthis year with 40 per cent and50 per cent return respect-ively so far this year.Kishore Narne, Head - Com-

modity&Currency,Motilal Os-wal Financial Services said,With aggressive stance ofcentral banks to push unpre-cedented amounts of liquid-ity and keep interest rateslower coupled with reignitedtrade-war concerns is support-ing gold price rally.PrathameshMallya, AVP- Re-

search, Non-Agri Commodit-ies, Angel Broking said silverhas been shining brighterthan gold in the internationaland domestic markets onback of rising investment de-mand and investors belief insilver as an asset class.Silver prices will eventually

movehigher towards $27.5perounce in the internationalmarket and ₹75,000 per kg inthe domestic markets, takingin to consideration the recentmomentum in the metal, headded.Meanwhile, the gold jew-

ellery demand has hit a rockbottom though inflows intoETFs increased.

Hits new high onstrong rally inglobal markets

August 5, 2020 55,448August 4, 2020 54,004August 3, 2020 53,976July 31, 2020 53,743July 30, 2020 53,277July 29, 2020 53,013Source: IBJA rates

GOLD PRICE ~ per 10 grams

VINSONKURIANThiruvananthauram,August5

India Meteorological Depart-ment (IMD) has said that a freshlow-pressure areamay formoverthe West-Central and adjoiningNorthBayof Bengalover thenextthree to four days (by Sunday)even as a hyperactive and well-marked low-pressureareaoff theOdisha and West Bengal coastscaused monsoon torrents toswamp many areas of the WestCoast, Central andEast India.

The IMD located it off theOdisha-West Bengal coasts onWednesday afternoon. Its lateralmovement is slower than expec-ted,whichwould only add to thevirility of the showers as it driftsacross west-north-westwardalong a trough that links it withthe cyclonic circulation overSouthGujarat.

The weakening low-pressurearea is expected to bring aboutanotherpunishingspellalongits

path over West Madhya Pradesh,Gujarat, South-West Rajasthan,Konkan and Goa (includingMumbai) into the weekend be-fore sliding into the Arabian Seaand possibly undergoing an-other round of intensificationbefore becoming inconsequen-tial to theWest Coast.

Back in the Bay, by this time,the next low would have takenbirth, and according to projec-tions, get a move to the South-South-West towards the AndhraPradesh and Odisha coasts andthen inland to pour down itscontents over an area alreadydrenchedby thepredecessor.

The IMD outlook issued fromThursday for the next few days isas follows: Widespread rainfallwith isolated/ scattered heavy tovery heavy falls to continue overGujarat, Konkan & Goa (includ-ingMumbai) andMadhyaMaha-rashtra (Ghats) till Thursday andrelent thereafter; isolated ex-

tremely heavy falls over Sauras-htra andKutchonThursday.

Widespread rainfall with isol-ated heavy to very heavy fallsover Tamil Nadu, Kerala andSouth Interior and CoastalKarnataka during next 4-5 days.Isolated extremelyheavy falls arelikely for Coastal Karnataka onSaturday and Sunday; over TamilNadu Thursday, Saturday andSunday; and over Kerala untilSunday.

Third low inmakingA short-to-medium guidancefrom the IMD goes on to suggestthe formation of a third success-ive low-pressure area in the Bayof Bengal around mid-August inwhat could be frenetic phase ofthe monsoon that apparentlysets out to make amends for itslow-key performance during thefirst twomonths. But that is alsofraught with the threat of floodsand landslides.

Monsoonunleashes furyoverpeninsula as ‘low’ intensifies

KVKURMANATHHyderabad, August 5

The Tobacco Board meeting,which was to be held on August5, has been deferred to August18. TheBoardmeet assumesigni-ficance as it is supposed to de-cide the size of the crop for the2020-21 season in Andhra Pra-desh.

TheBoardregulates the sizeofthe crop inorder to keep tabs onunauthorised sowing and con-ducts auctions where tobaccocompanies and traders bid atthe specially earmarked auctionplatforms.With Covid-19 hittingpost-harvest operations, sometobacco farmers wanted theBoard to put off themeeting fortwo-threeweeks.

They wanted the Board to re-duce the crop size this year asthey found it difficult to sell theproduce from the last season.

TobaccoBoardmeet deferred

................CH-XCMYK

CHENNAI

BusinessLineTHURSDAY • AUGUST 6 • 2020 7COMMODITIES

AJVINAYAKMangaluru,August5

Mechanisation of cashew factor-ies seems to have helped cashewprocessors in Karnataka in man-aging the situation during thepandemic.

K Prakash Rao, partner inMangaluru-based KalbaviCashews, told BusinessLine thatcashew processing units inKarnataka have largely mechan-ised their manufacturing activit-ies; this will processors in man-aging the units in these difficulttimes.

Hesaid thenumberof employ-ees required to process is re-duced by 75 per cent in auto-mated plants vis-a-vis manualprocessing units. With this, it iseasy tomanage social distancingnorms and precautions duringoperations, he said.

FollowingnormsSubraya Pai, President ofKarnataka Cashew Manufactur-ers’ Association (KCMA), toldBusinessLine that cashew pro-cessing units are doing well by

maintaining social distance andfollowing standard operatingprocedures prescribed by thegovernment.

“Mechanisation has helped usprettywell insuchasituation,”hesaid.

“Wewereallworriedas towhatwewould dowith the rawmater-ial already procured and contrac-ted,andif wewouldallendupbe-coming NPAs. But to the greatrelief ofall of us,cashewswithotherdryfruits arenow pur-

suedasahealthyfoodand, in fact,consumption of these regularlyboosts immunity by keeping thebodyandmindhealthy,” he said.

Stating that cashew consump-tion started improving inMay, hesaid June has seen decent offtakeby most traders and modern re-tail chains. The month of Julybrought demand close to nor-malcy, he said. However, Rao wasof the opinion that the demandfor Karnataka cashews could bedue to supplydisruption inothercashew producing origins suchas Andhra Pradesh, Tamil Naduand Odisha, where the impact ofCovid-19 ismore severe.

“Mostof thesmallmanufactur-ers in these States are unable tooperate andmanage the currentsituation as this activity is stilllargely labour-intensive there,”he said.

Demand for cashewbeganimproving inMay andwas closeto normal levels in July

Mechanisation to the rescueofKarnatakacashewprocessors duringpandemic

PS SUNDARCoonoor, August 5

The Tea Board has announcedthat the district average pricefor green leaf during Augustin the Nilgiris will be ₹20.99 akg.M Balaji, Executive Director,

Tea Board, said that this pricehas been fixed based on theconsolidated auction sale av-erage of CTC teas fromboughtleaf factories during themonth of July.He said that all bought

factories have been instructedto adhere to this average pricewhile buying green leaf fromsmall growers thismonth.This is ₹4.49 more than

₹16.50 a kg fixed for themonth of July. This is thehighest ever price fixed by theTea Board.“Many factories are already

paying higher than what isfixed now . For the A gradeleaf, they pay ₹30-31 a kg, for

B+ grade ₹26- 27 and for Bgrade ₹22-23”, L Vairavan, Sec-retary, The Nilgiri Bought LeafTea Manufacturers’ Associ-ation told BusinessLine.“However, the pricefixed by

TeaBoarddoesnothelp factor-ies to recover the rawmaterialcost. So, we are appealing totheBoard tofix thepriceat theend of the month. Now, theBoard fixes the price at the be-ginning of the month basedon the price at the auction inthe previous month and thisdoes not give a realistic pic-ture of the auction price forthe currentmonth”, he said.Small growers are happy.

“Wearegettinggoodprice.Wehave advised our growermembers to stick to the qual-ity of the green leaf so that wewill continue to get remuner-ative returns”, RameshChander, President, NilgirisSmall Tea Growers’ Associ-ation said.

TeaBoardfixes all-timehighaverage price forAug green leaf

OURBUREAUKochi, August 5

The availability of Indian oilsardine, the favourite fish ofKeralites, will remain at a lowlevel along the Kerala coastalwaters during the current yearas well, said a study by CentralMarine Fisheries Research In-stitute (CMFRI).

The sardine famine being ex-perienced along the Keralacoast will continue, and ex-pertsworking in the oil sardineand fishery sector have reques-ted for utmost care in the har-vesting of this particular fishvariety.

Oil sardine production wasadversely affected in the recentpast due to ecological modific-ations following El Nino, whichimpacted the normal spawn-ing process of the species andits growth. As on now, the seaenvironment is not favourablefor oil sardine maturation andspawning, said scientists at thePelagic Fisheries division atCMFRI.

At this critical period along

with abstaining from juvenilefishing, scientists asked thefishing community to exerciseextreme care to spare maturedspawning stocks to allow themto release eggs. The oil sardinestock will multiply and be re-stored to the normal level onlythrough strict follow-up of in-structions issued by the depart-ments.

As of now, there is no legalprohibition or restrictions incatching matured spawns.However, when the availabilityof oil sardineswas very low, it isdesirable to avoid catching ofmatured stocks which areready for spawning, saidCMFRI.

It is observed that the ready-to-spawn oil sardines aremainly seen in areas that arevery close to the shores. Hence,it is advised to carry out fishingactivities near the shores withmore care to avoid harvest ofsuch stocks. Such a responsiblefishing would help fast restora-tion of oil sardine stock in thecoming years, the report said.

Sardine famine to continue alongKerala coast this year:CMFRI

NEWS

OURBUREAUHyderabad, August 5

Information technology spend-ing by governments across theworld is expected to be at $438 bil-lion in 2020, a decrase of 0.6 percent from the 2019 levels, accord-ing to research and advisory firmGartner.The only segment on pace to

showgrowth in2020willbe IT ser-vices and software. IT services willcontinue to be the largest ITspending segment among gov-ernments in 2020.Governmentsarekeyconsumer

of IT, contributing nearly 16 percent to theoverall IT consumptionacross industries. The overall ITspending (by all industries, in-cluding Governments) is put at$2.7 trillion this year, a decline of 8per cent over the previous year.“Government organisations are

accelerating IT spending on di-gital public services, publichealth, social services, education,

and workforce reskilling of indi-viduals, families and businessesthat are heavily impacted by theCOVID-19 pandemic,” Irma Fabu-lar, Senior Research Director atGartner, said.“As government organisations

globally begin to ease stay-at-home policies, some practices rel-evant to public health and well-ness will persist, including op-

tions for telecommuting,” Fabularsays.Software spending will experi-

ence the strongest growth, withan increaseof 4.5per cent in2020.Important but less urgent IT

projects, such as Enterprise Re-source Planning (ERP) and Robot-ics Process Automation (RPA), willbe delayed to make room for im-mediate and critical spending indigital workplace support, publichealth response and economicgrowth.“Adoption of cloud serviceswill

continue to accelerate whilespending on in-house servers andstorage will continue to decline,”she said.

Geographical breakupGovernment IT spending inNorthAmerica will be the largest glob-ally at $191 billion in 2020, fol-lowed byWestern Europe ($94 bil-lion) and Greater China ($39billion).

Governments to spend on digitalpublic services, skilling

Overall IT spendingmaydip8%globally in 2020:Gartner

BLOOMBERGAugust5

Indian Energy Exchange Ltd. is intalkswithstrategic investorstosellaminoritystakeinitsfledglinggasunit.The largest electricity trading

platformin Indiamaysell asmuchas 49 per cent in the venture in aseries of deals, Rajiv Srivastava,CEOof IEXsaid inan interview. Thefirst accordmaybe signed in threemonths, he said. State-rungas sup-plier GAIL India Ltd. in June said itwasconsideringbuyingastake.The zero-debt company is pin-

ning its hopes on India’s plans toexpand the use of natural gas toquell chronic air pollution chok-ing itscities. Thegovernmentaimsto raise the share of gas in its en-ergy mix to 15 per cent over thenext decade fromabout 6 per centandisseeking$60billionof invest-

ment in pipelines, city distribu-tionand import terminals.Natural gas trading opportunit-

ies exceed those in power transac-tions, Srivastava said. “We don’tneed money to run the gas ex-change, clearly, we need partner-ships” to expand the market, hesaid, explaining the reasons forseekingastake sale.Still, India needs “a few policy

enablers” for the gas market totake off, Srivastava said, and IEX isworking with the government onareas including pricing, taxationand transmission to boost thefuel’s appeal, headded.IEX’s shares have outperformed

India’sequitybenchmarkthisyearand analysts expect they will con-tinue to do so for the next 12months, according to data com-piledbyBloomberg.Meanwhile, the electricity sec-

tor is throwingupnewgrowthop-portunities, as buyers increasinglyavoid being locked into years-longcontracts and turn to spot orshorter-termpurchases.Along with an increase in

shorter-term contracts, the bur-geoning market for exchange-traded power will help the com-pany deliver “double-digitgrowth” in revenue and profit ineach of the next three years,Srivastava said.Nearly87percentof India’s elec-

tricity is sold through long-termcontracts spanning as many as 25years. Exchanges get barely 5 percentof the total share.Srivastava said that share could

risefive-foldinasmanyyearsasoldcontracts expire, regulationschange and the exchange rolls outnewproducts suchas longer-dura-tioncontracts.

IndianEnergyExchange in talksfor gas venture stake sale, saysCEO

SHOBHAROYKolkata,August5

Luxmi Tea Company,which ownsthe Makaibari estate in Darjeel-ing, is looking topush sale of spe-cialty and value-added teasthrough online channels, includ-ing itsownwebsite.

The company, which sells itsexotic blends through the onlinemarketplace, including onAmazon and Flipkart, haslaunched sales through its ownwebsite.AccordingtoRudraChat-terjee, Managing Director, LuxmiGroup, online sales are currentlya small fraction of its total salesbuthavegoodpotential togrow.

“At Luxmi Tea, we are focussedonmaking good quality tea, andwewill continue to focus on that,going forward. We can see thatthe demand is steadily buildingup,”ChatterjeetoldBusinessLine.

“One of the advantages of on-linesales is thattheteacanbedes-patched to customers straightfrom the gardens, so it is a lotfresher. Customers are gettingmorecomfortablebuyingonline,so we are seeing an increase insales,”hesaid.

However, while demand hasbeenincreasing,theIndianteain-dustry is facing challengingtimes because of the severe dropinproduction.

Luxmi Tea has 25 estates ofwhich, 22 are in India. The croploss across these estates till July-end is estimated between 15 and40per cent.While teapriceshaveseen an upward swing due tolower crop, it might not beenough to offset the dip in pro-duction this year as the industryhas fixed costs to deal with, hepointedout.

Luxmi aims toboost online saleof specialty, value-added teas

BL Chennai / 1 Commodity_01 User: cci 21:34:18 Replate Reason: