KESORAM NOUSTRIES LATED ‘Regd Ofc 81, M Mukneroe Road, Kota 70001 ‘Staterent of untied anc ruts for te quater and hal yar ended 30m Sapam, 2018 (oproved bythe Board tDretors on 12 Oncamber, 2015 ater review thereof the Aust Commie} ReXcroves ‘uneot | Preeeding | Previous Year [ Yeurtodate | Yeortodie | Three ‘wee | corssponding | nguretor | —tgureter | Pros months | months | threemonte. | caren pei | previous prod] Ya ode des ended ‘nae nae dea Pancalare senaners | saosaes | ao0zee | sowncers | soevaor | swans lo) nau) | (anssiog) | unautns) | (Ueauaneey | (unavewse) | wares 1) [Reeme tom Operations 1 = eter tom Oto te nse) team} 433600] 149070] 2azser | aaszs0| aos >) Omer Operating name v8 28 sm os 1270) ‘Totlincome fon operations (nt yoo savas] gaat ssa8 | as 2| |esenses =) Cost Maas conse suo wou ruse] rom2s] sane ahaa of sce ade m2 weer ou 26 50 ©) Changs montis of ces oats ma so aso) ot an | ‘roves end toc ace 1) Emptor bnats sense aa 1070 2708 ees ams wanes le) Oepeciton nt a arf tom vauaion nor a wat 128 e250 ma ‘exere) and anonsaton epee Jp Power ana wt vs ser 7028 a8 sas rast ja Pacing ans caiane yon wos vst a0 ona wz J) Omerespenses 208 20810] 7a2 sos mai yeast [Foal Exponces —] sesso) vasera| aver] ——aasese| —aeosea [sane 2) | rotors operation blows ator income, (ance costs and onceptiona tame (1.2) 36) om| oan) sy) oar) __ asso) 4) [oneeiocame a8 on seer one sa es75 5 | [Protos] tom orinary actives before ~ (ance cont and excepana ame 4) asss| 98 279] sar6| _coasn) sao | Fences eas mao 1082 sass more ease | 7) reatCon rom ory ate ar ceara| aes (aoa) sas a7a | tnanoe conte but botore exceptional ems (58) | 8 | |ercoptons tame oe 4 : 40020 © | PratiLoe) om oranay actos 1 tor tx (8) sean] gearel son ges.) 10| |racomense =) cmenax erry «oat : >) fone a hag ce) | [RetPron ices] wm rane acves arta -1) quaas)| —wsar9| asus]. (uss) 12|, |beraoranay toms (netottax expense RS) - <3| [Retro Lose pono AR ‘iacaa| eur) aso] 00s | aaa]Parteuor: voouad) | Precseding | Previous Year Thee | conveponding months | threermonthe sonsners | soesaer (Ueoucwe) | (Unaudned) Yeario dre — Woaudind) nae [Paitin ey se capa (Faroe 10-pr she) Reserves exc Revaluation Renae pee ‘once eno! ot rvous ascunin ear cariog Per Shave (EPS) rane vas of 10 pe abe) ‘ac and Dates EPS belo externa ame see and Dates EPS oer enrardnary tome ara [PARTICULARS OF SHAREHOLONG Pte Saraki Percentage of raheting Proms an Promote Group Gharaelng 2) Paget Encanto Percentage of hae a 0% ht Poreaking of ome 2 porte 348) Perconage of hve (a 2 fe har captal othe compan) by non onouaeret Number heres Percatae of hte (9 8% ct he a rohgng ot romero promt 348) + Peronags fates ar 2 fhe sar caplet ne camgan) Investor coma Penaig ate begning ote quar ecm cing he guar poses of euro quer Remang uscd tee of he gure 2F 519] 3:6) s2221708 arr sn. 080 caso) zoo) (oso) 0a} somoms| zone asa, 45364 ssrm) — s2osratt csr] carn] soz ars] s0o7| 29] 4129] so7e9194 szosret sans) ‘07 eo) (caao] axaa] 0125208 sour wsa Page zetsKESORAM INDUSTRIES LIMITED Regd, Office: 1, R-N. Mukherjee Road, Kolkata - 700 001 Statement of unaudte financial resus forthe quarter and hal year ended 30th September, 2015 ‘Approved by the Board of Directors on 12th December, 2016 ator review thereof bythe Aut Commitee ) ‘Statomont of Segment Revenue, Results and Capital Employed RelCrores Garrent | Preceeding | Previous Vear | Yourtodate ] Yeortoame ‘Tvse. ‘tnree | corresponding | guretor | Agurefor | Previous montis | months | three months | current period| previous peri] Year endo ‘ended ‘ended ‘ended ‘ended ended st Particulars sonsaots | snnsrots | soeaor | soesro1s | sonsaors | s1osz0ts nauates) | (Unausiog) | unavatea) | (unavanesy | cunavated) | (auctoc) 1 |Seament Revenue [rvs 50056 59199 coos] tosneo) —taose7| sass » [Cement sis63 ss9st esa00| 405044 sess] 201000 © |Rayon, TP and Chemicals raz ez e130 aes 125.00) 25550 4 |urstocates 000 2 2.00: 0.00 rota Taaaet] 113808] ——Tyaa70] ——2aa3a7 |——Eakes0] ——a50 67 less. tr Segment Revenue (at ost) 2 * ot Sales Income tom Operations osat | ——aise08 | aro zaer| ——aas90| appar 2 [Segment Ress Pram Las) leew tard lene) a fryes 99} rr] (13228) oss] 19040] (e788) > [cement 508 vor 298 17535 rs asi © |Rayen. 1 ane Chemicas cara) 5) eas) sss) eos] arte] @ |uratocst oo 0.99) 3g 19) 224 420] ro cy 2a Tray ers Cr Lee terest 1442s nase saaar area 2a70 ssa 76 lip oter un-icableexpencure Be war sar a0 waz Ta7e i) Omer unatoctiencome 525 158 319 eat 302 580.45 Jotrerun-atiocaie expend nto ter lr-cabieneomel-5)] aoa a0 m2 ea 7540 (eso) rosa Protoss) before tx Tae sara] esa] wow TE) ae 3 [eapial Epoved (Seoment Asset Segment Liab) 2 [ves sasvs0] —aostar|—ssarz2|aasts0| — ayarza] arn » [cement t4er20] rarras| sez} a4sr20| 488470) 4.86729 |Ravon. 7. ane chemeats 9828 10868 018 028 s3018 0591 6 |uratocat 1805 152 1897 1505 1807 1807 ott arivsi| ——geesia| “asa sr] arin | ——apeaar | a8 S Page of epKESORAM INDUSTRIES LIMITED ‘Statement of unaudited financial results for the quarter and half year ended 30th September, 2015 (Approved by the Board of Directors on 12th December, 2015 after review thereof by the Audit Committee ) 1 The Company's Spun Pipes and Foundries Unit continues to be under suspension of work effective 2nd May, 2008. 2 (a) Pending disposal (consented by the shareholders in March, 2006) of the Company's Hindusthan Heavy Chemicals Unit, the revenue / expenses of the unit insignificant in terms of the Company's total revenue / ‘expenses) have been and willbe included in these and subsequent results til its disposal), (©) The Company had to declare suspension of work at the unit effective 8th December, 2010 in ‘consequence of ilegal stike/activiies by workmen. 3 Statement of Assets & Liabilities Rsscrore As at ‘As at Particulars 30.09.2018 | 31.03.2015 (Unaucited) | (Audited) (i) SHAREHOLDER'S FUNDS (a) Share Capital 10977) 109.7 (0) Reserves and Surplus (945.11)| (22.42) (235.34)| 87.35, (2) NON-CURRENT LIABILITIES (@) Long-term borrowings 3,622.24 3,984.62 (©) Deferred tax tabilties (Net) Zs z ‘Beata | 396462 (3) CURRENT LIABILITIES (a) Short-term borrowings. 1,285.18] 1,131.93 (b) Trade payables 796.14) 563.10 (c) Other current labilties 1054.14] 912.14 (a) Short-term provisions 79.32 | 69.42 321478 | 2,676.59 TOTAL 6,501.68 | 6,128.56 (1) NON-CURRENT ASSETS (a) Fixed assets (i) Tangible assets 1496.90] 1,540.95, (i) Intangible assets 3.25 871 (ii) Capital work-in-progress 906.25] 548.32 2,066.40 | 2,094.98, (b) Non-current investments 0626} 68.36 {c) Long term loans and advances 76.71 25.44 (a) Other non-current assets 6.93 048 (2) CURRENT ASSETS. (a) Current Investments, 700.05] 700.05 (b) Inventories 822.23] 734.06, (c) Trade Receivables 78.90] 786.72 (@) Cash and Bank Balances 347.12] 140.27 \e) Short-term Loans and advances 161678] 1,632.94 (Other current assets 10.20 7.26 7285.28 | 3,887.30 TOTAL 5,501.68 | 6,128.56 Page 4 of 5KESORAM INDUSTRIES LIMITED Statement of unaudited financial results for the quarter and half year ended 30th September, 2015 (Approved by the Board of Directors on 12th December, 2015 after review thereof by the Audit Committee ) 4 The Company had transferred its automotive tyre manufacturing facility at Laksar, District Haridwar, Uttarakhand, as a going concer on siump sale basis, 10 @ subsidiary. Pursuant to the execution of a binding term sheet dated 12th September, 2016, between the Company, subsidiary and the JK Tyre Group, it was agreed that the company would transfer ownership of such subsidiary to the JK Tyre Group at a consideration of Rs 2196/- crore and had credited an amount of RS ‘409.20 crore, being net consideration receivable over and above the camying value of the Laksar Lndertaking, to * Exceptional Income * in the statement of Profit and Loss for the year ended 31st March, 2015. Subsequently, the Company entered into a Share Purchase Agreement dated 26th October, 2015, with the subsidiary and the JK Tyre Group to consummate the above mentioned transaction based on which the Parties shall use commercially reasonable efforts to ensure that the Closing Date is no later than ‘31st January, 2016 or such other date as may be agreed by the Parties in writing, beyond which either party has the liberty to terminate the contract. '5 The Statutory Auditors of the Company have carried out the Limited Review of the above unaudited financial results for the quarter and half year ended 30th September, 2015 in terms of Clause 41 of the Listing Agreement. 6 Figures for the comparable periods have been re-grouped / re-ciassified wherever considered necessary, By Order of the Board Place: Kolkata KC. Jain Date: 12th December, 2015 \Whole-time Director CIN :L171190B1919PL.C003428 | Phone : 033 2243 5453, 2242 9454, 2248 0764, 2213 0441 | Fax: 033 2210 9455 mai: corporate@kesoram.net | Website: www kesoco-p.com Page § of 5 $5)Price Waterhouse Chartered Accountants The Board of Directors Kesoram Industries Limited. 9/1, R.N. Mukherjee Road, Kolkata- 700 001 1. We have reviewed the results of Kesoram Industries Limited (the “Company”) for the quarter ended September 30, 2015 which are included in the accompanying ‘Unaudited Financial Results for the quarter and half year ended September 30, 2015’ (the “Statement”) and the statement of assets and liabilities as on that date (the “Statement”), except for the disclosures regarding ‘Public Shareholding’ and ‘Promoter and Promoter Group Shareholding’ which have been traced from disclosures made by the Management but have neither been reviewed nor been audited by us. The Statement has been prepared by the Company pursuant to Clause 41 of the Listing Agreement with the Stock Exchanges in India, which has been initialled by us for identification purposes. This Statement is the responsibility of the Company's management and has been approved by the Board of Directors/ Committee of Board of Directors. Our responsibility is to issue a report on the Statement based on our review. 2, We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. 3. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and, accordingly, we do not express an audit opinion. 4. We have only traced the disclosures regarding ‘Public Shareholding’ and “Promoter and Promoter Group Shareholding’ in the Statement from the disclosures made by the Management and are, therefore, not expressing a review opinion thereon. 5. We draw your attention to Note No. 4 regarding the transfer of the Automotive Tyre Manufacturing Unit at Laksar to a subsidiary company on a slump sale basis vide Business Transfer Agreement dated March 26, 2015, consequent to which exceptional income of Rs.409.20 crore was recognised in statement of profit and loss for the year ended March 31, 2015. Subsequently vide a binding term sheet dated September 12, 2015 between the Company, its subsidiary and J K Tyre Group agreeing to sell investments in subsidiary to the ‘J K Tyre Group, the Company intends to sell its investment in the subsidiary to the aequirer Yor a consideration of Rs 2195/- crore. Accordingly a share purchase agreement dated Price Waterhouse, Plot No. ¥ 14, Block BP, Sector ¥, Salt Lake Electronic Complex, Bidhan Nagar, Kolkata 700 091 Ts +91 (33) 2357 9260, +91 (33) 2357 7600, F: +91 (39) 2357 7496 end ofice: PN. ¥ 14, Blok EF Sac, SabaPrice Waterhouse Chartered Accountants October 28, 2015 was entered into between all parties whereby the aforesaid transaction needs to be consummated by the closing date which is no later than. January 31, 2016 or Such other date as may be mutually agreed failing which either party may terminate the contract. Our conclusion is not qualified in respect of this matter. 6. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the Statement has not been prepared in all material respects in accordance the applicable Accounting Standards notified pursuant to the Companies (Accounting Standards) Rules, 2006 as per Section 133 of the Companies Act, 2013 read with Rule 7 of the Companies (Accounts) Rules, 2014 and other recognised accounting practices and policies, and has not disclosed the information required to be disclosed in terms of Clause 41 Ef the Listing Agreement including the manner in which it is to be disclosed, or that it contains any material misstatement. For Price Waterhouse Firm Registration Number: 301112E. Chartered Account: bye Prabal Kr. Sarkar Partner December 12, 2015, Membership Number 52340 Kolkata