November 14,2016

The Secretary / Corporate Relationship Dept.

The Bombay Stock Exchange Limited.
P.J. Towers,
Dalal Street, Fort,
Mumbai 400001.

The Manager
Listing Department,
National Stock Exchange of India Ltd.
'Exchange Plaza', C-I, Block G,
Bandra Kurla Complex, Bandra (E),
Mumbai 40005 1.

Stock Code: 53 1404

ReE ISIN INE 871B01014

Stock Code: ZICOM

Dear Sir / Madam,

Sub: Outcome of Board Meetint
Further to our letter dated November 5, 2016, intimating you of the Board Meeting to be held today and
pursuant to Regulation 33 of SEBI (Listing Obligations and/ Disclosure Requirements) Regulations,
2015, we have to inform you that the Board of Directors at its said meeting has inter alia approved the
enclosed Unaudited Financial Results of the Company for the quarter and half year ended September 30,
2016, both, on standalone and consolidated basis. We also enclose herewith the Limited Review Reports
on standalone and consolidated Unaudited Financial Results issued by the Statutory Auditors of the
Company.
The said Unaudited Financial Restilts and Limited Review Reports are prepared in accordance with the
provisions of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations.
2015 read with the SEBI Circular Nos. CIR/CFD/CMD/15/2015 dated November 30, 2015 and
CIR/CFD/FAC/62/2016 dated July 5,2016 respectively.
The said Unaudited Financial Results are also made available on the websites of the Company viz.
www.zicom.com and of the Stock Exchanges viz. www.bseindia.com and www.nseindia.com.
Kindly take the above on record and acknowledge receipt of the same.
Thanking you,
Yours faithfully,
For Zicom Electronic Security Systems Limited

Encl: as above

Zicom Electronic Security Systems Ltd.

501, Silver Metropolis, Western Express Highway, Goregaon (E), Mumbai - 400 063.
Tel.: t 9 1 22 42904290 1 Fax.: t 9 1 22 4290 4291 1 w.zicom.com I Toll Free: 1-800-270-4567
CIN : L32 109MH1994PLC08339I

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Zicom Electronic Security Systems Limited

Reg. Of6cc: 501,Silvs Me(mpolis, Westao Express Highway, Ooregagl East, Mumbai 400063.
Tel: e l 2 2 4290 4290;Pu:-122 42904291;Website wvw.zican.can; CM: L32109MH1994PLC0833fi

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Zicom Electronic Security Systems Limited

Reg. Offii: MI, Silver Melmpliig Wcstcm Exprrss Highway, Goregam Essf Mumbai 400063.
Tel: +912242904290;Fax: +91Z 42904291;Webite: muw.zimamm; CM: U2109MHl994PLCOB339l

Standalone Audited Statement of As&?& and Liabilities as per Regulation 33(3)(f) of SEBI (Listing O b l i t i o a r and Dbclosnre
Requirements) Regulations 2015 for half year ended September 30,2016

(c) D e f d Tax Assds (Net)

(d) Long-TernLoans and Advances

(c) Other Non-Curnat A w b
Sub-total Non-current assets

7,373.49

15,78352

6,662.52
15,275.%

Reg. Omel: 501,Siwr Metropolis, Westan Express high&, Gort

h,M d a i 400063.
Tel: +9122 4290 4290;Fu: 4
122 4290 4291;Website: www.zicun.eom; rnU2l09MHl994PLCO8339l

1. The above financial results of the Company for the quarter and half year ended September 30,2016, have been reviewed by the
Audit Committee on November 14,2016 and approved by the Board at its meeting held on even date. The Statutory Auditors have
conducted the limited review of the Results as per SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015.
2. The Fiance Cost includes effect of gain / loss in foreign exchange fluctuations.
3. During the quarter, on August 9,2016, the Company has cancelled 10,50,000 W m t s allotted to Promoters Group Companies vk
Baronet Properties & Investments Private Limited and Coronet Properties & Investments Private Limited issued at a conversion
price of Rs. 1601- per Equity Share. As a result of same, the application money received upon allotment of said Warrants (calculated
@ 25% of share price to be issued upon exercise of option by such Wanwt holders) were forfeited and the Semities Premium
Account of the Company increased by Rs.4,20,00,000/-.
4. The Company at its Board Meeting dated May 27,2016 had recommended Dividend of Rs. 0.50 per Equity Share for the year ended
March 31,2016. Accordingly, the Company had made provisions of Rs. 101 lakhs towards Dividend and Rs. 20.56 lakhs towards
Dividend D'ibution Tax therean. The same was subject to approval from Shareholders at their 22d Annual General Meeting
(AGM). The Company's Shareholders at their ~2~ AGM held on September 29,2016 had disapproved the Dividend resolution in
light of a letter received o' m Company's Bankers advising the Company to conserve the r e s o w and not to declare /pay dividend
for FY 2015-16. As a result, the Company, during the quarter, has reversed the said provisions in its half yearly unaudited financ~
results.
5. Tbe Company has a single reportable business segment of "Security and Safety".
6. Previous quarter I half year I year figures have been regrouped I rearaged wherever necessary.

Place: Mumbai
Date: November 14,2016

Chairman

SMMP

Associates
Accountants

Limited Review Report

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To
The Board of Directors
Zicom Electronic Security Systems Limited
501, Silver Metropolis,
Western Express Highway,
Goregaon East, Mumbai- 400 063
We have reviewed the accompanying Statement of Standalone Unaudited Financial Results of Zicom
Electronic Security Systems Limited ("the Company") for the quarter and half year ended 30th
September 2016 ("the Statement"), being submitted by the Company pursuant to the requirement of
Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This
Statement which is the responsibility of the Company's Management and approved by the Board of
Directors, has been prepared in accordance with the recognition and measurement principles laid down
in Accounting Standard for Interim Financial Reporting (AS 25/ Ind AS 34), prescribed under Section
133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting
principles generally accepted in India. Our responsibility is to issue a report on the Statement based on
our review.
In terms with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, the Company has presented a Statement of Assets and Liabilities as at 30th September, 2016, along
with corresponding figures for the previous year in the statements._
We conducted our review of the Statement in accordance with the Standard on Review Engagements
(SRE) 2400 '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. A review is limited primarily to inquiries of the Company's 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.
Based on our review conducted as above, nothing has come to our attention that causes us to believe
that the accompanying Statement prepared in accordance with the applicable Accounting Standards, as
notified under the Companies (Accounting Standards) Rules, 2006 (as amended) and other recognized
accounting principles generally accepted in India, has not disclosed the information required to be
disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, including the manner in which it is to be disclosed, or that it contains any material
missta tement.
For S M M P & Associates
Chartered Accountants
Firm Registration No. 120438 W

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Son1 Parekh
Partner
Membership No. 139852
Mumbai, dated 14th November, 2016

307, Chartered House, 297/299, Or.C. H. Street, Near Marine Lines Church, Mumbai - 400 002, India.
Iel, : 91-22-40311900 - Fax: 91-22-40311901- E-mail: malpani_s@smalpani.com - Website: www.smalpani.com
DELHI INDORE BENGALURU JAIPUR

Zicom Electronic Securitv Svstems Limited

Reg. Oliiee: 501, Silver Mehvpolis, Weslem Express k%gh\;ay. Goregam East,Mumbai 400063.
TeI: -91 22 4290 4290, Fax: 4-91 22 4290 4291; Website: www.zicun.eorn;CIN: U2109MHl994PLCO8339l

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Ry.Of&c:501,Silver Muropolig Weplaa Exprrss hgh&y. Gmgam East. Mumbai 400063.

Ttl: MI22 4290 4290. Fu: MI22 42W4291; Website:wmwzicancom; CM: W2109MH1994PLCO8)39l

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Consolidated Audited Statement o f ~ & e t amd

s Liabilities as per Regulation 33(3)(fJ of SEBI (Listing Obligations and bicelosure
Requirements) Regulations, 2015 for balf year ended September 30,2016

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Zicom Electronic fkority Systems Limited

Reg. O h 501, Silvu Mampolk, WcMaa Exp- Highway, Oongson Ear(,Mumbai 400063.
Tel: t9122 4290 4290, Fu:+91224290 4291; Website: www.zic0m.m; CIN: W2199MH1994PLCO8339l

Sub-total Current asseta I

TOTAL -ASSETSI

151.438.57

114,729.91
135,971.89

%.

1. The above financial results of the Company, on consolidated basis, for the quarter and half year ended September 30,2016, have been
reviewed by the Audii Committee on November 14,2016 and approved by the Board at its meeting held on even date. The Statutory
Auditors have conducted the limited review of the Results as per SEBI (Liiting Obligations and Disclosure Requirements) Regulation,
2015. However, the results of the overseas subsidiaries which have beem consolidated with the results of the Company have not been
reviewed by the Statutory Auditors.
2. The Fiance Cost includes effect of gain I loss in foreign exchange fluchlations.
3. During the quarter, on August 9,2016, the Company has cancelled 10,50,000 Wanants allotted to Promoters Group Companies viz.
Baronet Properties & Investments Private Limited and Coronet Properties & Investments Private L i t e d issued at a conversion price
of Rs. 1601- per Equity Share. As a result of same, the application money noeived upon allotment of said Warrants (calculated @ 25%
of share price to be issued upon exercise of option by such Warrant holders) were forfeited and the Securities Premium Account of the
Company increased by Rs. 4,20,00,0001-.
4. The Company at its B o d Meeting dated May 27,2016 had recommended Dividend of Rs. 0.50 per Equity Sham for the year ended
March 31,2016. Accordingly, the Company had made provisions of Rs. 101 lakhs towards Dividend and Rs. 20.56 lakhs towards
Dividend Distribution Tax thereon. The same was subject to appmval from Shamholders at their 22& Annual General Meeting
(AGM). The Company's Shareholders at their zDd
AGM held on September 29.2016 had d i i p r o v e d the Dividend resolution in
Light of a letter received from Company's Bankers advising the Company to conserve the resources and not to declare / pay dividend
for FY 2015-16. As a result, the Company, during the quarter, has reversed the said provisions in its half yearly unaudited financial
9
results.

5. The Company has a single regortable business segment of "Security and Safetyw.

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Zicom lectronic Security-&sten

6. The Consolidated F i c i a l Results for the quarter and half year consists unaudited financial results of the Company and its following
subsidiaries:

(a) Unisafe Fire Protection Specialists LLC, Dubai, U.A.E. (Consolidated)

@) Phoenix International WLL, Qatar

(c) Ziwm SaaS Private Limited

(d) Unisafe Fi Protection Specialists India Private Limited
(e) Unisafe Fi Protection Specialists Sigapore Pte. Ltd., Singapore
(0 Ziwm Security Projects Pte. Ltd., Singapore
I.

The standalone results will be available on the Company's website www.zicom.wm

www.bseimdia.wm and w w w . n m w m .

and Stock Exchanges websites

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8. Previous quarter / half year / year figures have been regrouped I rearranged wherever necessary.

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9. Standalone Details:
Particulrn

Tumovm
Fmfit Before Tax
Pmfit A k r Tax axd lid
Item

?'EY1

Quarter
Quarter
Quarter
Half Year
Ended
Ended
Ended
Ended
:
3 o m ~ ~ ~ 13o106/~)16
6
~ 0 / 0 9 / ~ 1XWOWZOI~
~
~0109n015 31,
CUoaudlM (Unaudited) (Unaudited) (Unaudited) (Unaudited
10311.44
12,080.28
19,206.01
5,38257
6,697.71
762.95
(141.23)
1
(156.12)
14.89
9.18
526.43
(12651)
(135.69)
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For

Place: Mumbai
Date:November 14,2016

-.-ctrooie Security Systems Ltd.

Manohar Bidaye
Chairman
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SMMP

Associates
LIMITED REVIEW REPORT

To
The Board of Directors
Zicom Electronic Security Systems Limited
501, Silver Metropolis,
Western Express Highway,
Goregaon East, Mumbai- 400 063
We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of Zicom
Electronic Security Systems Limited ("the Company") and its subsidiaries (together referred to as "the
Group") for the quarter and half year ended 30th September, 2016 ("the Statement"), being submitted by the
Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015. This Statement which is the responsibility
of the Company's
Management and approved by the Board of Directors, has been prepared in accordance with the
recognition and measurement principles laid down in Accounting Standard for Interim Financial Reporting
(AS 25 / Ind AS 34), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules
issued thereunder and other accounting principles generally accepted in India. Our responsibility is to
issue a report on the Statement based on our review.
In terms with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, the Company has presented a Statement of Assets and Liabilities as at 30th September, 2016, along
with corresponding figures for the previous year in the statements.
We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE)
2400' 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. A review
is limited primarily to inquiries of the Company's 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.
The Consolidated Financial Result includes for the quarter and half year ended 30th September, 2016,
Revenue amounting to Rs. 19,840.86 lakhs and Rs. 30,877.61 lakhs respectively, Net Profit! (Loss) for the
quarter and half year ended 30th September, 2016 amounting to Rs. 359.16 lakhs and (1,319.93) lakhs
respectively and Net Cash Flow as on 30th September is Rs. 7,473.13 lakhs, of the six subsidiaries, which
have not been reviewed by us or any other auditors and are based on the management certified accounts.
Based on our review conducted as above, nothing has come to our attention that causes us to believe that
the accompanying Statement prepared in accordance with the applicable Accounting Standards, as notified
under the Companies (Accounting Standards) Rules, 2006 (as amended) and other recognized accounting
principles generally accepted in India, has not disclosed the information required to be disclosed in terms
of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,
including the manner in which it is to be disclosed, or that it contains any material misstatement.
For S M M P & Associates
Chartered Accountants
Firm Registration No. 120438 W

j~:'kh
Partner
Membership No. 139852
Mumbai, dated 14th November, 2016

307, Chartered House, 297/299, Dr. C. H. Street, Near Marine Lines Church, Mumbai - 400 002, India.
Tel. : 91-22-40311900 Fax: 91-22-40311901 E-mail: malpanU@smalpani.com Website: www.smalpani.com
DELHI INDORE BENGALURU JAIPUR