KESORAM KIL/SH/: $O128; Kesocorp.com 22n4 January, 2016 The Secretary The Calcutta Stock Exchange Ltd 7, Lyons Range Kolkata-700 001 The Secretary BSE Limited Deptt. of Corporate Services (Listing Department) Rotunda Building, P. J. Towers Dalal Street, Fort Mumbai 400 001 The Asst. Vice-President National Stock Exchange of India Ltd “Exchange Plaza” Bandra-Kurla Complex, Bandra (E) Mumbai-400 051 Dear Sirs, Re: Unaudited Financial Results for the three months (Third Quarter) ended 31%' December, 2015 In continuation to our letter under reference no. KIL/SS/SE/2015-16 dated 9" January, 2016 the Board of Directors of the Company in their meeting held today has approved the Unaudited Financial Results of three months (3 Quarter) ended 31* December, 2015. A copy of Unaudited Financial Results of three months ended 31" December, 2015 together with a copy of the Report on Limited Review thereof is enclosed We are also enclosing a soft copy containing the aforestated Results, hope you find the same in order. Thanking you, Yours faithfully, For KESORAM INDUSTRIES LIMITED G b Yo Gautam Ganguli Enel: as above Secreta V/s niene rte ite P +91 33 2243 6453, 2242 9454 + 91 33 2248 0764, 2213 0441 F +91 33.2210 9455 E : corporote@kesoram.net Kesoram Industries Limited Registered & Corporate Office 9/1 RIN. Mukheriee Road, Kolkata - 700.001 CIN -L17119W81919°LC003429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 statement of unaudited financial results (the “Statement”) of Kesoram Industries Limited (the “Company”) for the quarter ended December 31, 2015. The Statement has been prepared by the Company pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the “Listing Regulations, 2015”), which has been initialled by us for identification purposes. ‘The Statement is the responsibility of the Company's management and has been approved by the Board of Directors. Our responsibility is to issue a report on the Statement based on our review. 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 Statement is 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, 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 with the applicable Accounting Standards. prescribed under 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 Regulation 33 of the Listing, Regulations, 2015 including the manner in which itis to be disclosed, or that it contains any material ‘misstatement, 5. We draw your attention to Note No. 3 to the Statement regarding 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 acquirer for a consideration of Rs 2195 crore. Accordingly a share purchase agreement dated 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 2 2016 or such other date as may be mutually agreed failing whieh either party may terminate the contract. Our conclusion is not qualified in respect ofthis matter. For Price Waterhouse Firm Registration Number: 301112E Prabal Kr. Sarkar Kolkata Partner January 22, 2016 ‘Membership Number 52340 Price Waterhouse, Plot No. ¥ 14, Block EP, Sector V, Salt Lake Electronic Complex, Bidhan Nagar, Kolkata - 700 091 T: +91 (33) 2357 9260, +91 (33) 2357 7600, F: +91 (33)2357 7496 Hea fea Pt No ¥ Bock EP, Sot, St Lake laconic Compa Bhan Nao Kot -700 08KESORAM INDUSTRIES LIMITED Regd. Offco 8, RN. Mukherjee Road, Kolkata -700 004 Statement of unaudited nana reuts forth wartar and nlne months ended 318t December, 2045 (Approved by te Board of Directors on 22nd Janary, 201 afer review thereof bythe Aucé Commitee) RasCrores ‘current | Proceeding | Corosponding | Yeurto date | Yaarto date Taree | teemonths | fguetor | tguefor | Previous srontre | endeginune | cunt peved | previous period] Your ended | Previous Year | ended ‘ended ended a Panicle amanoss | somacors | “surtenote | asianois | sintamore’ | svazors Ne Unausies) | (naudtes | (unaustes) | unaveresy | (unauctos) | (audios 7] ream ror Gpeaions 1 ls) Net Ste come rom Operations (tof exe uy) ose rane] azs875| seas] aso67 Ib) ote operat nee ss 193 2s oat es 1270 [ratatincome fom opraon oe sonoas| aos | aatatn| 32am | aera | sara 2| lessens 5} Cost ot Wate ensured sre waaos] sre) sso] assezr] see ib) Puctase of ocksneade 1925 nm 1748 08s oe asa lc) Chorgse venient rises gos (1305) 220) set 6735 as an worn oats and stoceinirade a) Empoyee beats exsnse ora as ww38 m0 95130 ssoo1 e) Depecton net wane romrevausion | neta wom 257 7989 97.00 2a 27500 tmrove| and arettatonecense J. Poveranatuet wo rsa amze sous 6564 rast a) Paing anecaiage 160.59 1092 too sre a0) 6201 I) tnerexenses ares] 25608 9224 70083 srs e381 Fett spenses “auoas| ——sooas0| —1aooz2|sazoze|__ annua | ema 1 [Protoss operations befor aaron, nance costs and exceptional ts (1-2) 270) cae) oss) sass] ___st09 4}, Jonericome 2410 mm 1500 ooze 030 srs |, |Pronicose fom acinar aches bore nance costs and exceptional tame (3+4) (10580) za gozm| za] ress) 530 6 |rnanee cons sone ‘oat 430 sio7 oars soos 1 |PretiLos) tom ordinary atin aor (rsoa] aaa) aaa) aaa] are) 788) soance costs but ere exceptional Res (6-5) |, fecertnattens Not 3 ° 40020 «| [Protest evainary aces fore a8) emoo] aaa) __aaaso,__ass.2n) org] ss 10] |rareipense a) Centon charge (ced) : 2) Deteresexcharge est) 5 : 11) |it Potion om etnay sis arta 10) (arson) gaa] eas] any] or a9] 12) |estraortary tm neo a expense Rs. Nt) : 1s] [NetPro tse forte period 422) ‘aecso] any] earan] 6 Page toteKESORAM INDUSTRIES LORTED Regd Ofce HN. Mukherjee Raed, Kolkata 700004 ‘Statement of urauded nancial resulta for the querer and ne months onded Ist December, 2015 (Approved by the Board of Directors on 22nd January, 2018 after review thereof by the Audt Commitee} ‘Current | Preceading | Govesponding | Yearto date | Yearto date Three ‘Tree | three months | tigurefor | igurefor | Previous ‘months montis | endedia ne | current period | previous period} Ye ‘onded ‘ended | Provious Year | ended enced ended eB Particulars suranots | somomors | sinzmore | sinanots | amano | avnazois Wnaudies) | (Unaustea) | (Uoaudtes) | Unaudited) | (Unaudtes) | (Audie) 14]. |Paiup equity shar cata: (Face value Re 10:per share) 007 00.7] +007 0077 100.7] 1007 15], |Resenes exctuang Revaison Reserve a8 per (eaea balance shoe of revous accountng year 16], [Ewninge Per snare (EPS) Face value of R10 pe share (Not Arsived =) [Base and Oistes ES teoreexrnorinarytoms | Re sn] 3.6) 220] (6319) (e350) (e340) lb) [eascand owMedEPS sterextaodinay tems | Re sn (3.16) 228] (6313) (e351) ‘e24a} Page20t4 ReKESORAM INDUSTRIES LIMITED Regd. Office: 8/1, RN. Mukherjoo Road, Kolkata -700 001 ‘Statement of unaudited financial results for the quarter and nine months ended 31st Docomber, 2015 (Approved by the Board of Directors on 22nd January, 2016 after review thoroot by the Audit Committee ) ‘Statoment of Segment Revenue, Results and Capital Employed Re/Crores Current | Prececding | Corresponding] Yoarto dato | Yearto dato Three Three | threemontns | figure for | figurefor | Previous months ‘months | ended in the | current poriod| previous period] Year ended ended | Previous Year| ended ‘onded ended st Particulars auras | somszots | senzaore | siamcis | sinazove | svoseois (Unaudited) | (Unaudited) | (Unaucited) | (Unaudited) | (Unaudited) | (Audites) 1. [Segment Revenue a {tyes 467.65 500.56 | 650.18 1,499.54 2083.85 2588.48 | | |cement 476.01 51363 503.41 4820.18, 1435.95 201860 |e |Rayon, .P. and Chemicals m2 7462 57.59 210.08 18368, 255.59 @ |Unatlocates = 0.00 | 0.00 0.00 Hota! Tora as T1088 aT Tait 18 32875 363.48 “%86087 Less: Intor Segment Revenue (at cost) es 2 = = _| Net Sales sincome trom Operations Tora 088.5 Tze SaaS, ECR Eas 2 [Segment Rests (Prom Loss) 7 T before tax and intrest) | | a {tyres (4.903), (1.92) (103.43) (183.69) 9387) 76.46) » |cement 3422 85.68 68,08 209.57 170.19 351.14 ¢ |Rayon, TP. and Chemicals sn] 12,78) (15.02) 454) (21.98) 1.16) 6 |Unatocatea (ose) (0.04) (1.19), esr aan} (4.10) rota! i 06) 40.04 1.50) 23) 738.95)/ (feo) Less: ) interest | 145.68 144.26 138.44 433.84 427.44 566.76 i Other un-allocable expenditure ase ea ry Te6a7 T360T 7078 i) Other un-allocable income 022 5.25 207) 7.03 5.95 560.45 (Other un-alocable expenciture net of other \un-allocabe incometi-(i)] 59.32 4021 54.068 14944 190.08 (200.60) [Total Profu(Loss) before tax wang CEE) aay CS TTB eB) 3 [Capital Employed ~ al Segment Assets-Segment Libis) | | a {Tyres 1142.28 4,131.40 2976.30 1.14229 2976.30 1471.68 » [cement 1436.83 1487.20 152753 1,498.88 1527.53 1567.33, © |Rayon, TP, and Chemicais 12876 98.28, wer 12876 nam 10891 4 |unatlocates 1493 15.05 15.49 1493 | 1649 1817 Hota 2721 27st 56208 2728 aeR20S 316108 SP Page 30f4KESORAM INDUSTRIES LIMITED Statement of unaudited financial results for the quarter and nine months ended 31st December, 2015 (Approved by the Board of Directors on 22nd January, 2016 after review thereof by the Audit Committee ) 1 The Company's Spun Pipe and Foundries and Hindustan Heavy Chemicals undertakings are under suspension of work w.e.f 2nd May, 2008 and 8th December, 2010 respectively ‘The Board of Directors of the Company at its meeting held on 19th December, 2015 has, subject to the consent of the shareholders under Section 180 of the Companies Act, 2013 and such other approvals as may be necessary, approved the disposal and transfer of the Spun Pipe and Foundries and Hindustan Heavy Chemicals undertakings. These undertakings are insignificant in terms of the Company's total Revenue/Expenses, Pending their final disposal, the Company's financial results have been and will be included in these and subsequent results 2 The Company has provided for depreciation in keeping with the requirements of Schedule Il of the ‘Companies Act, 2013 (The " Act") as amended vide notification dated 29th August 2014, issued by the Ministry of Corporate Affairs (MCA), which inter-alia includes impact of componentisation to the extent of Rs, 16.30 crore on an annualised basis, 3. The Company had transferred its automotive tyre manufacturing facility at Laksar, District Haridwar, Uttarakhand, as a going concem on slump sale basis, to a subsidiary. Pursuant to the execution of a binding term sheet dated 12th September, 2015, 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 2195/- crore and had credited an amount of Rs 409.20 crore, being net consideration receivable over and above the carrying value of the Laksar Undertaking, 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 28th October, 2016, 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. 4 The Statutory Auditors of the Company have carried out the Limited Review of the above unaudited financial results for the quarter ended 31st December, 2015 in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. 5 Figures for the comparable periods have been re-grouped / re-classified wherever considered necessary By Order of the Board KAS K.C, Jain Whole-time Director Place: Kolkata Date: 22nd January, 2016 CIN: L17119WB1919PLC0034289 | Phone : 033 2243 5453, 2242 9464, 2248 0764, 2213 0441 | Fax : 033 2210 9455 Email corporate@kesoram.net | Website : www.kesocorp.com Page 4 of4