tlF3

Date: May 24, 2016

To,

Corporate Relations Department,

Bombay Stock Exchange,
PJ

Towers,

Dalal Street,

Mumbai - 400001.
Maharashtra, India.
subject: Outcome of Board Meeting dated May 24, 2016
Reference: Scrip Code: 535556
Meeting Commencement Time: 2:00 Pm
Meeting Conclusion Time: 5:10 Pm
Dear Sir,

We would like to inform you that the Board meeting of our Company was held today, the 24h of
May, 2015 as per the intimation earlier sent to the Exchange vide our letter dated 14th May, 2016
submitted through Exchange portal.

please note that during the said Board meeting, the Board has inter-alia considered, approved and

taken on record the Audited Financial Results of the Company for the quarter and financial year
ended March 3L,2OL6 and has also recommended a final dividend of Rs. 0.75 (Seventy Five Paisa

only) (i.e. 7.5%) per equity share of Rs. 1Ol- (Rupees Ten Only) each for the financial year ended on
the said date. The declaration

payment of the dividend shall be subject to shareholders' approval

in the ensuing Annual General Meeting.

Accordingly, we are attaching herewith copy

of approved Audited Financial Results along with

Auditors' report issued by the Statutory Auditors of the Company and copy of Form A as per the
provisions

of

Regulation 33

of the

SEBI (Listing Obligations

and Disclosure

Requirements)

Regulations, 2015, for the quarter and financial year ended March 31, 2016.

contd....2

KIFS
Regd. & Corporate

Financial Services Limited

office : B/81. Pariseema Complex. C.G.Road, Ellisbridge. Ahmedabad - 380006.

rel

lO79) 264os492

594, 30000321 -

26 .

Fax: lO79J

26403717

www.kifsfinane.com

Email : cs@kifs.co.in / kifs.roc@gmail.com

CIN : 167990GJ1995P1c025234

!{FS
-2-

Further, we also inform you that subsequent to the resignation of Ms. Krupa N. Joshi from the posr

of company secretary cum compliance officer of the company, the Board

has appointed Mr.

Durgesh D. Soni, a member of the Institute of Company Secretaries of India (lCSl) vide Membership
No. A38570, as a Whole Time Company Secretary and Compliance Officer

ofthe Company.

Please update the same in your records.

Thanking You,
Yours Faithfully,
For KIFS Financial Services Limited,

Qww\
Devang M. Shah

(Director)
(DlN:01788750)
Encl.: As above

KIFS
Regd. & Corporate

office:8/81, Pariseema comple&

rel:

Financial Services Limlted

C.G.Road. Ellisbridte,

(o79) 2u054921594, 30000321

-26 .

Ahmedabad - 380005.

Faxt (079)

25403717

www kifsfina nce. com

Email: cs@kifs.co.in / kifs.roc@gmail.com

ctN : 167990GJ1995p1C025234

Date: May

24 2016

FORM_A
(For Audit Report on Standalone Financial Statements with Unmodified Opinionl
lPursuant to Reguhtion 33 of SEBI (tisting Obligation and Disclosure Requirements) ReSulations, 20151

1.
2.
3.

4.

ryalne of the Company

Annual Financial Statements for
the year ended

March 31,2016

Type of Audit Observation

Frequency of Observation

Un-Modified
Not Applicable

For KlFs Financial services

Ljmited

f-/4

dhavik Shah
(Chief Financial Officer)

Limited

For KIFS Financial services

Umitcd

,--.. ,*ltt
qv

Ralesh P. Khandnrala
(Managing Director)

For KIFS Flnancial Services

KIFS Financial Services

DeVang M. Shah

(Chairman of Audit Committee)

United

For M/s. Shallesh

pafkh & Co.

t8{
ShalleHfC. Parlkh
(Proprietor)
(Statutory Auditors)

'JFS

l(lFs

KIFS FINANCIAL SERVICES TIMITED

Rsi5rercd

oftl..r

8-81, Pariseema compter, c. c. Road,gtisbidge, Ahmed.bad - 38@06, culalat,India.

cont..r +9179 26400140, f* +91 79 26403712.
EmalL cr@tits.co.in. w.brtt.i M.kifsfin.nce.com

CIN: 1r6799(41995P1C025234,

5TATEMENT OF AUDITED FINANCIAL RESULTS FOR THE qUARTER AND YEAR ENDED MARCH 31, 2015
in lacs

Incone frorn Operdtlons

Net sales / income from operations {net of excise duty)
l{a)
Other operating income
l(b)
lTotal income from operations {net)
I

181,36

184.99

112.89

7t4.4'

380.78

181.35

184.99

ru.89

71].!7

380.78

t0.97

8.9s

T'

5.30
0.09

:!4.66
4.15
1.16

22.lL

0.05

llxpensel
EmFloyee benefitr exFense
l(a)
l{b) Depreciation and amortisation expense
(cl Legal& professional fees
(d) Annual subscription

1.03

{e) l-istin8 fees

(f) Prelimnery expenses written
(g) Bad debts erpense
(h)Travelling expense
(i)Othea expenses
3

off
37-72

Total expenrs
Profit (Lossl from ope,ations bfore other incomg finance costs and
exce9tional items (1-21
Other income
Profit / (Lo3sl from ordlnary .ctivities befole flnance co5ts and exceptlonal
items 13+41

8
9
10

Profit

(Lossl from ordinary activitles afte. finanae costs

exceptional items (5-6)
Exceptional ltems
Profit / (Lost) f.om o.dln.ry .clivftiet before tax (ru)
Tax

expense

but before

tt

flet Proflt / (Loss) from ordinary activltleg aftr tax

t2

EKraordinary items (net of tax

Net Profit / (Lors) fo.the pe.iod
Paid-up equity share capltal (face value of Rs. l0/- per
Reserve excludang revaluation reserves as per balance sheet of
accounlrng year
Earnings per share (before and after extra ordinary items) of Rs.

13
14

l5
16

expense)
(11-121

(9-10)
share)

1.12

t.70

!.70

i.t,
8.38
104.51

37.72
5.53
6.72
95.12
619.35

37.03
343.75

0.13

0.01

1z;.98

t71.0'l

104.51

619.'18

75.19
95.88

31.93

r94r0

12598

r2s.98

95.84

0.09

12538

gs.e8

125.98
1,081.80

95.88
1,081.80

|
|

2.2s

55.38
125.98

t.47

t.lo
1.40
2.58
14.01
170.98

i.ro

o.22

r.03

Finance costs

share

,i.r,

s.78

424-78

280.40

42/|'-18

280.40

14L70

92.t2

242.8

188.28

,i.r,

22L64

1,081.80

1,081.80

188.28
1,081.80

L,237.t6

I,O52.34

2.51

1.74

2-6r

174

:;"1

thare {not annualized)

Ia) Basic
Ib) Diluted

1.15
1.16

KIFS
Regd, &

0.69
o.aq

Financial Services Limited

corporate Office : B/81, Pariseema Complex, C.G.Road, Ellisbridge, Ahmedabad " 380006.
rel I lO79\26405492I

o.67
0.57

s94,30000321 -25 .

Fax:1079126403717

www.kifsfina nce,com

'

Email : cs@kifs.co.in

/ kifs.roc@gmail.com

CIN: 167990GJ1 995P1C025234

i{Fs
STATEMENT OF ASSETS AND I.IAEII.ITIES

.inla

'

::i]4rt:!&:,1

a"i-;;ri
A

AND LIABIIITIES

fund5
Share cepital

(b) Reserves and surplus

Money received againsl share warrants
Strb..total
2
3

5t3_

Sh.rehotders. funds

application money pending allotment

',osr.qt
r,It .36

1,081.80
1,052.34

43t9,16

2,1:9.r4

6,t28.88

2,386.61

Non-.u.rent liabllltles
(a) Long-term borrowings

{b) Defer.ed tax liabilities (netl

{c) Othe. long-term liabilities

(d) Long-term provisions

Sub-total -

[orlcur]ent ltabllhies

Current llabilitles
(a)

Short-term borowings

(b) Trade payables

(c) Other current liabilitie5
(d) Short-term provisions

Sub-total - Current lidbllhies

TOTAI - QUITY AND I.IABTIITIES

3t.35

2!.7A

294.46

211.93

,,060.6t

2,620.t2

9 379.E4

4.754.15

41.6

o.44

0.04
1.16
1-70

0.o2
1.16
3.40

50.37

5.03

ASSETS

Iton-cuaaent asset5
(al Fixed assets
(b) Non-current investments

lc) oeferred ta)( assets {net)

ld) Long-term loans and advances
le) Other non-cuffent assets

Sub.total
2

Non-current assets

:urent assets
a) Curreht investments
b) lnventories
c) Trade receivables

d) Gsh and cash equivalents

e) Short-term loans and advances

f)Other current assets

Subtotal - Cu.rent assets
TOTAL. AssETS

29&tO

:sg.oz

9,Oto.7'

4,386.41

4329.47

4,749.42
4,754,45

9,379.84

Notesi

ii engaged in the single segment offinance, hence decl3ration of segment wise results is not applicable to it.
The above financial results have been reviewed by the Audit committee and approved and ta&en on
reco.d by the Board of Directo6 In their meeting
held on M.v 24, 2016.
3 The Eoard ot oirectors of the com pany has recommended a final dividend of Rs. 0.75 per share (i.e. 7.5%l of Rs. 1o/each for the financia l vea r 2015- 16.
Thedeclaration ofdividend is subject to the approvar of sharehorders in theirensuing AnnuarGenerar Meeting.
4 The tigures of the last quarter are the balancing figures between audited figures in respect of the full fihancial year
ended on March 31, 2016 and the
published yeartodate figures upto the third quarterofthe current
1. The Company

financialvear.

Figures for the ptevious periods are re-classified

re-arranged

disclosure,
6. The provigion for taxation has been made at the end of the

re-grouped, wherever necessary to corespond with the current period,s classification

financialvea..

7. The Companydoes

not have any exceptional or er:tra-ordinary item 6 report forthe above oeriods.
8. The above financial results have been audited by the Statutory Auditors ot the ComDdnv.
On behalfof Boa.d of Directorr.
For NIFS Flnancial Sewlces Limlted

Ralesh P.

Datei May 24 2016

Place: Ahmedabad

KIFS
Regd. &

Xhandwal.

(Mana8in8 Director)

corporate ofJice : B/81, Pariseema complelr c,G.Road, Ellisbridge, Ahmedabad - 380006,

rel | (019) 2@0Y92 | 594 30000321

(DlN:00477673)

Financial Services Limited

-26 .

Fax:

(019126403717

www.kifsfinance.com

'

Email : cs@kifs.co.in

/ kifs,roc@gmail.com

CIN : 167990GJ1 995P1C025234

Sfl&trLflSH C" PARNKH &

OO,"

C}IARTERED ACCOUNTA NTS

412, 4th Floor, Ashwamegh Avenue,

Mayur Colony, Nr. Mithakhali C.ircle,
Navrangpura, Ahmedabad - 380 009.
Ph.: (0) 2640 8930
Tele Fax : 91 - 079 - 2642 1975
M.: 98250 35883
email : parikhshah4l 2@yahoo.com

Auditorrs Report on Quarterly Financial Results and Year to Date

Results of the Company pursuant to the Regulation 33 of

To,

The Board of Directors of KIFS Financial Services Limited,

Ahmedabad - 06,
Gujarat, India

We have audited the Quarterly Financial Results of the KIFS Financial Services Limited for the
quarter ended March 31, 2016 and the year to date results for the period April 1, 2015 to
March 31,2016, attached herewith, being submitted by the Company pursuant to the
requirement of Regulation 33 of the SEBI (Listing ObliSations and Disclosure Requirements)
Regulations, 2015. These Quarterly Financial Results as well as the year to date Financial
Results have been prepared on the basis of the Interim Financial Statements, which are the
responsibility of the Company's Management. Our responsibility is to express an opinion on
these Financial Results based on our audit of such Interim Financial Statements, which have
been prepared in accordance with the recognition and measurement principles laid down in
Accounting Standard for Interim Financial Reporting (AS 25 lnd AS 34), prescribed, under
Section 133 of the Companies Act, 2013 read with relevant Rules issued there under; or by the
Institute of Chartered Accountants of India, as applicable and other accounting principles
generally accepted in lndia.

We conducted our audit in accordance with the auditing standards generally accepted in India.
Those standards require that we plan and perform the audit to obtain reasonable assurance
about whether the Financial Results are free of material misstatement(s). An audit includes
examining, on 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 audit provides a reasonable basis for our opinion.
In our opinion and to the best of our information and according to the explanations given
these Quarterly Financial Results as well as the year to date results:

to

us

(i)

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

(ii)

give a true and fair view of the net profit and other financial information for the quarter
ended March 31, 2016 as well as the year to date results for the period from April 1, 2015

to March 3L,20L6.
For M/s Shailesh Parikh & Co.,

chartered Accountants

0..
!
\tu tn

VEilesh c. Parikh

(Proprietor)

Membership No.: 039254

Ahmedabad, May 24,2016