illlvxETAN

a-

MERcHAN TS LIMITED

CIN: Lsl gOSWB'l 994pLco62027

12, Wat6rloo Str66t, Kolkata-700069, fel 91-33-224A5923, Faxr 9.j-33-22484665
Email - info@navketanmerchants-com. Websile: www.navketanmerchants.com

May 26, 2016

Io
The Manager

Department of Corporate Services

BombayStock Exchan8e Ltd.
DalalStreet, Fort

Mumbai-400 001

Sub:

Ref:

Outcome of Board Meeting held on 26th May, 2016 and disclosure

under Regulation 30 ofthe
(ListintObligations and Disclosure Requi.ements) Regulations,
2015.

SEB|

S.rip Code 539525

DearSirs,

This is to inform you that the Board of Directors of the

company at its meeting held today i.e. on 26th May,
2016, interalia, has approved the followin8:

1.

Su

brnission of Audited Financial Resu lts for the

eua fter and yea. ended 31{ Mar.h, 2015

The Board of Directors of the Company, today at their meeting considered,

approved and adopted Audited
Results for the Quarter and year ended 31n March, 2016 in
complance of the sEet lristing obrigations and
Disclosure Requi.ements) Regulations, 2015.

find enclosed the Audited Resurts for the euarter and year ended 31'gt March,
2016 in the prescribed
format in terml of requirement of Regulation 33 of SEBt (Listin8
Oblig"tions
Oisctosure Requirements)
Regulations, 2015 as considered and approved by the Board
of Oirectors of"nd
the Company for your kind
perusaland records.
Please

We are also enclosing herewith a Statement on Assets and Liabjlities

for the Half year Ended 31n March,
2016 and Auditors Report on the said Audited Annual Financial
Results alonB

with Form A.

The Annual Results will be publjshed in the newspapers in

compliance with requirements
47(1Xb)ofSEBl(tistint Obli8ations and Disclosure Requirements) Regulations,
2015-

of

Regulation

3. Resignation of Key Managerial personnel(NMp)

(ompanyhas given notice of his resi8nation

as Chief Financiat officer (CFo) of
reason. Mr Rajan pandey shal be rerieved with effect from 24th
Ju; ,o;
afterserving a notice period of30 days as percompany,s policy.
of the
Irne i"^,y::r:lllYr
company, due to personar

The meeting ofBoard of Directors

ofthe compa.y commenced at:3.00 pM and concluded at5.30 p.m.

We kindly request you to take the same on record.

Thanking you,
Yours faithfully,
For Navketan Merchants Limited

For Navketan Merchants Limiled

&Z?- la.l#ianasing Director

Omprakash Lahoti
Managing Directoa

DIN:02864453
Encl: As above

Regd.ornae

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For Navketan Morch.n

Ll

ited

Director

NAVKI ,TAN MERCHANTS I,IMITED

CIN:t 51909W81994PLC062027
12, Wate.loo

sE6el , Kolkara-700059, T.te91.33,224aS923

Enall- ttrro@navkeJannerch antJ.coo, Websitq M.navketanmerchants,com

State! ent ofa$ets aDd Llabilitier

CONSOI,IDATED

as at

ANDLIABILITIES

ld.rs'ftrds

DIE'

,606rt

3.606.2t

735.44

-T.;57

4,341,25

4,334.25

4Pp!'cdlotr mo4y penons auorment

0.01

0.01

0.01

0,01

t235
1.33

1.33

13,64

'b) Goodwill on consoltdanon

#
cl Noh.cuft nt rnvesrmenrs
d) Defened rax asets (neo

4.359.31

4,332,10

444

0,9

Gl Lons-tdm loans and advances

li other non-cunent aseis
Sub-total - Non orrcnt assetj

4,354.39

0.49

2,309.43
1,640.67

s356.]
sh equivalents
el Sho.t tera loans andadEnces

:dl

Cash and

Sub-total - Currnt asseB

w
Cora Chand MukhoDadhyay

/e--*"\
o1 rorr:ra

391.39

t49

)li

\*\Jrl

2,164.20

0.75

4358,33

4353,50

4359.31

4,354.39
By o.der ottle Board
Fo. Navkratr Merchatrrr Lhited

Fot Navketan Merchants Limited

e.?'
Managing Director
Omprakash Lanou
Managlng Dirctor
DIN:02664453

26th May,2016

FORM A

(ForAudit Report with unmodified opinion)

Forthe Year Ended 31st March,2016

ofthe company

Name

Annual financial statements for the year ended

31st March,2016

Type of Audit observation

Un Modified / Efiph+ek-efA4a++er

Frequency of observation

Not Applicable

Navketan Merchants Limited

To be s:gned byManaging DirectorMrO. P. Lahoti

cFo

o..?.rd,*a

Mr Rajan Pandey

A"1"-

Auditor ofthe company

Mr G.C Mukhopadhyay, Partner
Gora &Co.

Audit Committee Chairman

Mr Amit Mishra

9st

Pt:l

GORA & CO
Chartercd Accountants

8,2,KSRoyRoad,
2nd Floor, Room No 2& 3,
Kolkata 700001

7&(

Independent Auditor's Report on Quarterly Financial Results and Year to Date Results
of Company Pursua t to the Regulation 33 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015

To,
Board ofDirectois,
Navketan Merchants Limited.
We have audited the quafierly financial results of Navketan Merchants Limited for the quarter
ended 31" March, 2016 and the financial results for the year ended 31st March, 2016 attached
herewith, being submitted by the Company pursuaot to the rcquirement of Regulation 33 of
SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015. The quarterly
financial results are the derived figues between the audited figues in rcspect ofthe year ended
31"'March. 2016 and the published )ear-to-date figures up to 31stDecember,2015, being the
date of the end of tho third quaxter of the cunent financial year, which were subjected to
limited review. The financial results for the quarter ended 31't March, 2016 have been preparcd
on the basis ofthe financial results for the nine month period ended 31't December, 2015, the
audited annual financial statements as at and for the year ended 31'r March, 2016, and the
relevant requirements of the Regulation 33 of SEBI (Listing Obligations and Disclosue
Requirements) Regulations, 2015 and are the responsibility of the Company's Management
and have been approved by the Board of Diiectors of the Company. Our Responsibility is to
express al cpinion on these financial results for the year ended 31't March, 2016 which were
prepared in accordalce with the Accounting Standards prescribed under Section 133 of the
Companies Act, 2013, read with relevant rules issued there under.
We conducted our audit in accordance with the auditing standards gererally accepted in India.
Those standards require that we plan and perform the audit to obtain reasonable assumlce
about whether the financial results arc fiee of material mis-statement. An audit includes
examining, orl a test basis, evidence supporting the amounts disclosed as financial results. An
audit also includes assessing the accounting principles used and significant estimates made by
management. We believe that our audif provrdes a reasonable basis for our opinion.
In our opinion and to the best of our infomation and according to the explanations given to us
these quarterly financial results as well as the year to dale results:

i.

are presented in accordance with the requirements of Regulation 33 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015; and

ii. give

a true and fair view ofthe net profit or loss and other financial information for the year
or quarter ended 3 1 '1 March, 20 1 6 respectively.

Further, read with paragraph 1 above, we report that figures for the quarter ended 31't March
ZOl01qgs51t tne
lgrived figures between the audited figures in respect ofthe finaacial year
ended 31"' March, 2016 and rhe published year-to-date figures up io 31,1 December, 2b15,
being the_date ofthe nd of the third quaxter ofthe cunent financial year, which were subjected
to limited review as stated in paragraph 1 above, as required uldet Regulation 33 ofthtSEBI
(Listing Obligation and Disclosure Requirements) Regulations, 2015.

For Gora & Co

Chaxtered Accountant
FiIm Reg No - 327183E

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ti

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t\t);L,.l/

Gora Chand Mukhopadhyay

Parher
Membership No

\*\

017630

Place: Kolkata
Date: 26ft day of May 20 1 6