ATES SUNDARAM BRAKE LININGS LIMITED Telephone 73580 33474 Padi, Chennai - 600 050, India Email :sbl@tvsebl.com Website: www Nsbrakelinings com PAN: AADCS4888E SeclBSEMIQr.1617-003 December 10, 2016 The Deputy Manager Corporate Relationship Department of Corporate Services Bombay Stock Exchange Limited Floor 25, P J Towers, Dalal Steet, ‘Mumbai - 400 001 Dear Sir, : Unaudited Fit ar | Halt Ye Ref : Ret ing Obligations is it TF 2015 We would like to inform you that, the Board of Directors at their meeting held on 10" December 2016 have approved the Unauclted Financial Results fr the Quarter / Half Year ended 30" September 2016. ‘A copy of the Unaudited financial results alongwith the Limited review report is attached herewith for your information and records. ‘As per Regulation 30 and Schedule Ill of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 read with SEBI Circular No,CIR/CFDICMDI4/2015 dated September 09, 2015, we hereby inform you that the Board meeting commenced at 11.45 a.m and concluded at... pm. This is for your kind information, Thanking you, Yours faithfully For SUNDARAM BRAKE LININGS LIMITED ae S. Ramabadran Chief Financial Officer & Company Secretary Encl: As above [MANUFACTURERS OF TVS BRAKE UNINGS & CLUTCH FACINGS, Registered Office : 180, Mount Read, Chennai - 600 006. CIN : L34300TN1974PLC006703Riley Srinivasan CP Haseena) CHARTERED ACCOUNTANTS. Alwarpet, Chennai - 600 018 2498 8762 Offices : Chennai - Mumbai - Bangalore - Madurai Telephone 4 2498 8463, 4210 6952 E-Mail: yessendes@vsniinet Website : ww sundaramandsrnivasan com Date .. LIMITED REVIEW REPORT ON THE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30" SEPTEMBER 2016 The Board of Directors ‘Sundaram Brake Linings Limited Chennai. 1. We have reviewed the accompanying statement of unaudited financial results of Sundaram Brake Linings Limited (‘the company’), for the quarter ended 30" September 2016, being submitted by the company pursuant to the requirement of Regulation 33 of SEBI (Listing Obligations ad Disclosure Requirements), Regulations, 2015, as modified by Circular No. CIR/CFD/FAC/62/2016 dated 5" July 2026. This statement is the responsibility of the company’s management and has been approved by the Board of Directors at their meeting held on 10" December 2016. Our responsibility isto issue a report on the statement based on our review. 2. We conducted our review on the statement in accordance with the Standards on Review Engagement (SRE) 2410, “Review of Interim Financial Information performed by the Independent Auditor of the Entity”, issued by 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 to primarily to inquiries of company personne! and analytical procedures applied to financial data and thus provides less assurance that an audit. We have not performed an audit and, accordingly, we do not express an audit opinion. 3. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results prepared in accordance with the applicable Indian Accounting Standards prescribed under Section 133 of the Companies ‘Act, 2013 and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulations 33 of the SEB! (Listing Obligations ‘and Disclosure Requirements) Regulations, 2015, as modified by Circular No. CIR/CFD/FAC/62/2016 dated 5" July 2026, including the manner in which itis to be disclosed, or that it contains any material misstatement, Partner Place: Chennai MeYnbership No: 217914 Date: 10" December 2016SUNDARAM BRAKE LININGS LIMITED CIN: L34300TN1974PLC006703 Regd Office: 180 Anna Salai, Chennai 600 006; Tel. No: 044-26257853; Fax: 044-26254770 UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30th SEPTEMBER 2016 Rs. in lacs Quarter Ended ‘alt Vear Ended BOITAUTE 50.06 2076 | — SOTHO | — OAH IOTG —| SOFIE Partials Cnawdied) ‘Cnandied) 1 income from Operations (a) cross Sales income Frm operations (nchsive of xe Duy) sesos6| 6359.28 zasos| tags | i279 [by ower Operating Tae O36 aT 3197 13237 Tha ota come rom operat eros | ea. 05] ——e31590 | Ta | TESS T—fexpendiare a) Cost of mare SORT ama | ass | Te Spas | —Sas7 aT by Exsse Duy 3637 [46720 020 3ISS6 s Puchases of Roane 5 > = 7 3 a) Changes in inventories of finished goods and wokcin- proses esos] 73) 26.18 268.09) £490 fe Epes anes pee 7.30899 | —T1a8.25 | -——T80 3ast4 [ara )Depecaon and smorisaon pee TaI98[ — “Tar. T7131 "sot | 35507 [g) Otier expense Ta9RAS | 176 TR S6 TSO Total Expenses (21 60.70 | 6.36855 | 0.28680, 1236570 Pt a) MO SOS BTS OO TE sox and Exceptional ems 3_ loa 2397 5376 9.10 assas| soa) I Jotter acon px a9 4647 ae a9 TRO 1a a RA RATES BGS TANCE TT 5 _|scepional tems (3) 26182 9170 uiss7 3as| 41396 3 ffiman vans ax I eo) TEST 1 Prt (Las Ow TO SEO ET TGR TAT BT 1_|tetore Exceptional tems (5-6) 19930 2531 x28 29529] 3 [Exceptional ie Stat anGIOPRS UNDE VOT RETR SERSE 50 : = = Pott (Less Rom Ordinary Aces Baore Tax 8) 160.80 =a Te EB To ffmegese > Cut Ta = : = zl [Previous VeaeS TRE 2 = = : [-Detened Tax Ta] TH aaa TEE Tr [et Prot (as mm Ordinary Actions Ate Tax = 10) 2 55 Ts] T2—]swraordinary ems (net) (net of tx expense) TS Net Proit/ (Loss) forthe period (11-12) 335 13.10] GST) Ta [Other Comprehensive Income (net oF EX) WI} 23:33) si 13 [Teal Comprehensive Income (13+) 7.83 | 139.17 | 31-79} 6 [Paid op Eqay Share Capt Foce Vale TO cach 393.46 RAS 3.t6 03.06 17 Reserves excloing Revaluation Reserve as per Balance Wis or previous accountng TE [Earings Per Siare (EPS) 10 R= fa Basie and ated EPS eTocs FOOTER HT TT annualised) in Rs. 37 on. 024 389 3.2 asic an Oe EPS ATT TROT TS TT annualised) - in Rs. 37T iement of Assets and Liabilities as at 30th Seplember 201 Re ines Particulars Av at 30.09.2016 (Wnauditea) 8 |xSSERS 1|Non-current Assets (a) Propety, Pant and Equipment 732829 |b) Capital work-in-progress 7 |c) Other Intangible Asses 4 (c) Financial Asset 4. Non-Current Investment im fi Longterm Loans & Advances 393.35 |e) mcome Tax Assets (Net) : |) Other Now-Current Assets 32637 Sub-total- Non-current Asst Toes 2}current Assets a tnvemtores 251364 |b) Financial Assets 1. Current Investments - ii. Trade Receivables sean94 it Cash nd cash equivalents 48045, iv, Shorter loans and advances 388.77 (c) Other Curent Assets oss Sub-total- Current Assets 5973.63 ‘TOTAL ASSETS| 16 920.36, B [EQUITY AND LIABILITIES 1] Equity (a) Equity Share Capital 393.46 (0) Other Equity 6747.78, ‘Sub-total - Shareholders’ funds} 7a 2|share application maney pending allotment z LIABILITIES 3|Non-current Kabilties |) Financial Liabilities i Long-term borowings 125.00 |b) Detered tx iablties (net) 123482 \c) Other long-term iblties . |e) Long-tem provisions 103.33 Substotal-Non-current liabilities THass 4} current Habit | Financial Libis 4. Shoreserm borrowings 3,903.30 fi, Trade payables 2284.81 (b) Other eurent liabilities 380.34 cc) Shoe-trm provisions 1148.22 Substotal- Current liabilities 831627 ‘TOTAL - EQUITY AND LIABILITIES) 16,920.36, 2 tm Compliance tothe Ministry of Corporate Affair (MCA) notification dated 16th February 2015, announcing the Companies (Indian Accounting Standards} Rules 2015, as a standalone entity IND AS is applicable rom Ist Apil 2017. The company being an associat ofT.V Sundaram Iyengar & ‘Sons Private Limited who have adopted IND AS with effect fom Ist Apel 2016 consequently all Associates wil also need to present IND AS. compliant reporing with effect from Ist April 2016 3. The operations ofthe Company relate only to one segment viz, rietion materials. 44 Voluntary Retirement Scheme (VRS) for Workmen at Padi Plant was announced in July 2016 under which scheme, 26 workmen oped forthe same. Out afte total Compensation for VRS of Rs 15401 lack, Rs 38.10 lacs hasbeen proportionately absorbed and shown as an Exceptional Item for Hale Year ended 30 Sep. 2016 ee M. No. 247914“The above unaudited financial results were reviewed and recommended by the audit committe and approved by the Board of Decors at its meeting hsi.on 10th Decerber, 2016. The limited review ofthe Financial results forthe quarter ended 30th September 2016 and 30th June 2016 has been carted out bythe Stastory Auditors ofthe company. “The Company has adopted te Indian Accounting Standards (Ind AS) ftom Ist April 2016 and thes Financial results have been prepared in accordance withthe Compnics (Indian Accounting Standards) Rules, 2015 (Ind AS) presribed under Section 133 ofthe Companies Act, 2013 and oer other ccountng principles generally accepted in India, “The format of unaudited quarterly results a prescribed by SEBI's Circular CIR/CFDYCMD/15/2015 dated 30th November 2015 hasbeen modified to comply withthe requirements of SEB Cirulars dated Sth July 2016, 20th September 2016 and Ind AS and Schedule I tothe Companies Act, 2013, ‘The nd AS Complian financial ess rating tthe quarter an al year cased 3th September 2015 have ben sated in tes of SEBI Circular CHRLCPDIPACIE/2016 dated Sth July 2016. The financial rests relating to the quar ahha year ended 30h September 2015 ude nd AS have not ben subjected 1 med review by the statory aio ofthe company. The uagement has exercised necessary due dligence and ensured tha the financial esl provide a tue and far iow oft alien accordance wt the Compan (indian Accounting Standards) Rule, 201, The Meconeaon of te Net Prof reper der Indian UAAP fr the quar ended an Hal Year Ended 30h September 2016 wih Ind AS 1s jven kw {Fhe Ne Prot reported under Indian GAAP fr the quate ended and ayer ended son 30 Sepembe 2015 wih IND AS is ven below ‘(Amount in Rs. Lakhs) Quarter Ended Half Year Description 30th September Ended 30th 2018 Sentember| ‘Net Profioss as per Indian GAAP. 2716 29555) Deferred Tax due fo change frem Income Method to WDV method 1793) (35386) |Add: Actuarial loss on Employee Defined Benefit (Leave Eneashment) 107 14.14 recogised in “Other Comprehensive Income" Ces: Actuarial Gin on Employee Defined Benefit (Gratuity) recognised in “Otter Comprehensive Income" (697) (399) [Net Defered tax Asset onthe Remeasurement of Employee Defined Benfit plans 0.03 0.06 ‘Add: Other Income (interest Income on Financial Assets Remessurement) 036 0.60 Less: Employee Benefit Expenses, (036) Profit as per IND AS Other C ive Income Decrease in Vale of Unquoted Investments - 039} ‘Actrial Gain (Loss) on Employee Defined Benefits 13) (026 Total Other Comprehensive Income (013) (os) Total Comprehensive Income Other Comprehensive Income mainly comprise ofthe impact on movement in fir value of Non-Current Investments in Equity, Remeasurement of Defined Plan Benefits Prior period figures have been regrouped wherever necessary to conform to current period clssifeation, ‘On behalf ofthe Board For SUNDARAM BRAKS LIYINGS LIMITED Chennai KRISHNA MAHESH 10th December, 2016 MANAGING DIRECTOR Visitour website _wow.tvsbraklinings com For SUNDARAM & Chartered A P. MENAKS! Party M. No. 2