Regd.

Off:
Shop No. 26, Meera Co.-Op. Hsg Soc.,
New Link Road, Near Oshiwara Police
Station, Andheri (West), Mumbai 400053
Tel: 022 - 65368222
Email: axoninfotechltd@gmail.com
Website: www.axoninfotech.in

AXPOI

AXON VENTURES LIMITED

(Formerly Axon Finance Limited)

CIN L65999MH1982PLCO27945
:

Date: 09/11/2016
To,
The Bombay Stock Exchange Ltd
Corporate Relationship Dept,
1 st Floor, New Trading Ring,
Rotunda Building, P. J. Towers,
Dalai Street, Fort, Mumbai 400 001
Ref: BSE Scrip Code: 505506
Sub: Outcome of Board Meetin
This is to inform you that the 06/2016-17 meeting of the Board of Directors of the Company
was held on Friday, 09 th
November, 2016 at E-109, Crystal Plaza, New Link Road, Andheri
(West), Mumbai 400053 at 12:00 P.M and concluded at 04.30 P.M to consider
and
approve the following:
1.

Standalone Unaudited Financial Results for the Quarter and Half year ended
September, 2016 along with Limited Review Report on the same.

2.
3.

4.

5.

6.

The Board took note on re -

30 th

constitution the Committees.

The Board took the note on Compliance done under LODR, Regulation 2015 for
the
quarter ended 3 0.09.2016.
The Board took the note minutes of the previous meetings of Board and committees
held prior the date of today's meeting.
Appointment of Ms. Prajna Naik as the Company Secretary cum Compliance office
of
the Company.
To call postal ballot for seeking the approval of the members to increase the power
of board with respect to granting loans, making investment, providing guarantee

and
securities, etc up to Rs.75 Crores, pursuant to section 186 of the Companies Act,
2013.
7.

8.

9.

Appointed Mr Manish Kankani (M. No. 158020) as the scrutinizer for conducting
postal ballot process in fair and transparent manner.
Authorized Ms. Prajna Naik, Company Secretary to be responsible for the entire
postal ballot process.
Fixed the calendar of events for the propped postal ballot as follows

Regd. Off:
Shop No. 26, Meera Co.-Op. Hsg Soc.,
New Link Road, Near Oshiwara Police
Station, Andheri (West), Mumbai - 400053

AXON VENTURES LIMITED

Tel: 022 65368222

Email: axoninfotechltd@gmail.com
-

(Formerly Axon Finance Limited)

CIN : L65999MH1982PLCO27945

Website: www.axoninfotech.in

CALENDAR OF EVENTS
Name of Depository: National Securities Depository (India) Limited (NSDL)
Particulars
Date

Sr.
No.

1.

Date on which consent given by the scrutinizer to act as I

Saturday, 05/11/2016
scrutinizer

2.

Date of Board resolution authorizing one of the functional

Wednesday, 09/11/2016
directors to be responsible for the entire poll process.
Date of appointment of scrutinizer
I Wednesday, 09/11/2016
Ben pose Date for Sending Notice to shareholders
I Friday, 11/11/2016
Last Date of completion of dispatch of E-notice of Meeting in
I Friday, 18/11/2016
which the business will be transacted.

3.
4.
5
6.
--

7.

Last date of Newspaper publication for E-Voting and AGM

I Saturday, 19/11/2016
notice dispatch
t.

Dates of voting period

Start date: 19/11/2016
Start time: 9.00 A.M.
End Date: 18/12/2016
End Time: 5.00P.M

Last date of receiving postal ballot papers by scrutinizer

9.

Sunday, 18/12/2016

Submission of the Report by the Scrutinizer

10. Date of declaration of the result by the Chairman

On or before Tuesday,
20/12/2016
On or before Tuesday,
20/12/2016

,
1

11. Date of handing over the E-voting register and other related
I On or before Monday,
papers to the Chairman.
26/12/2016

Kindly take into your record.

Thanking You
Yours Faithfully,
For Axon Ventures Limited

Girraj Kishor Agrawal

[Managing Director]

CC

To,

The Manager
National Securities Depository Limited

Trade World,

Wing, 4

Parel, Mumbai-400013

th & 5 th Floors, Lower

CC To,
M/s. Sharex Dynamic (India) Pvt. Ltd,

Unit 1, Luthra Indl. Premises, Safed Pool,

Kamala Mills Compound, Andheri Kuria Road,
Andheri
(East),
Mumbai-400072

AXON Report.html

General information about company

Scrip code
505506
Name of company
Axon Ventures Limited

Result 'Fype

Main Format

Class of security

Equity
Date of start of financial year
01-04-2016
Date of end of financial year
31-03-2017
Date of board meeting when results were approved

09-11-2016

Date on which prior intimation of the meeting for considering financial results was informed to the exchange

27-10-2016

Description of presentation currency

INR
Level of rounding used in financial results
Reporting Quarter

Lakhs
Half yearly

Nature of report standalone or consolidated

Standalone
Whether results are audited or unaudited
Segment Reporting
Description of single segment

Unaudited
Multi segment

11 ,\
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AXON Report.html

Quarterly & Half Yearly Financial Result by Companies Other than

Banks

Particulars

3 months
ended (dd m m-yyy y)

Previous 3
months
ended (ddmm-yyyy)

Corresponding 3
Year to date
months ended in the figures for current
previous year (dd- period ended (ddnn-yyyy)
mm-yyyy)

Year to date
figures for
previous period
ended(dd-mmYYYY)

Previous
accounting
year ended
(dd-minyyyy)

Date of start of
reporting period

01-072016

01-04-2016

01-07-2015

01-04-2016

01-04-2015

01-04-2015

Date of end of reporting

period

30-092016

30-06-2016

30-09-2015

30-09-2016

30-09-2015

31-03-2016

Unaudited

Unaudited

Unaudited

Unaudited

Unaudited

Audited

Nature of report
standalone or Standalone
consolidated

Standalone

Standalone

Standalone

Standalone

Standalone

122.127

191.62

129.26

313.747

137.26

488.247

15.098

18.848

33.946

41.589

Whether results are

audited or unaudited

D
Part 1
1

Revenue From Operations

Net sales or Revenue
from Operations
Other operating
revenues
Total Revenue from
operations (net)

2
(a)

137.225

210.468

129.26

347.693

137.26

529.836

Expenses
Cost of materials
consumed

150.011

191.6

19.93

341.611

19.93

437.211

Changes in inventories
of finished goods,
work-in-progress and
stock-in-trade

1.057

6.836

125.62

7.893

122.21

69.311

(d)

Employee benefit
expense

2.437

2.831

2.88

5.268

5.54

15.144

(e)

Depreciation and
amortisation expense

0.016

0.016

0.032

(b)

(c)

Purchases of stock-in-

(f) Other Expenses

1

Other Expenses

2.042

3.2

1.88

5.242

3.25

8.116

Transportation
Expenses

0.861

Listing Fees

2.042

5.2

1.88

7.242

5.25

8.977

155.563

206.483

150.31

362.046

152.93

530.643

Total other expenses

Total expenses

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Quarterly & Half Yearly Financial Result by Companies Other than Banks

Particulars

3 months
ended (ddmm - YYYY)

Previous 3
months
ended (ddmm-yyyy)

Corresponding 3
months cnded in
the previous year
(dd-mm-yyyy)

Year to date
figures for
current period
ended (dd-mmYYYY)

Year to date
figures for
previous period
ended (dd-mmYYYY)

Previous
accounting
year ended
(dd-mmYYYY)

Date of start of reporting

period

01-072016

01-042016

01-07-2015

01-04-2016

01-04-2015

01-04-2015

- Date of end of reporting

period

30-092016

30-062016

30-09-2015

30-09-2016

30-09-2015

31-03-2016

Whether results are audited

or unaudi ted

Unaudited

Unaudited

Unaudited

Unaudited

Unaudited

Audited

Nature of report
standalone or consolidated Standalone

Standalone

Standalone

Standalone

Standalone

Standalone

Part I

Profit (loss) from

operations before other
income, finance costs and
exceptional items

-18.338

3.985

-21.05

-14.353

-15.67

-0.807

0.03138

0.01676

0.01

0.048

0.01

0.131

-18,307

4.002

-21.04

-14.305

-15.66

-0.676

0.02

-18.307

4.002

-21.04

-14.305

-15.68

-0.676

Prior period items before

tax

Exceptional items

. 0

10

Profit (loss) front

ordinary activities before
tax

-18.307

4.002

-21.04

-14.305

-15.68

-0.676

1.61

0.02

-18.307

4.002

-21.04

-14.305

-17.29

-0 696

-18.307

4.002

-21.04

-14.305

-17.29

-0.696

Profit (loss) from

I5 discontinuing operations
before tax

16 Tax expense of
discontinuing operations

Net profit (loss) from

discontinuing operation
after tax

Profit (loss) for period

before minority interest

-18.307

4.002

-21.04

-14.305

-17.29

-0.696

Net Profit (loss) after

taxes minority interest
and share of profit (loss)
of associates

-18.307

4.002

-21.04

-14.305

-17.29

-0.696

Other income

Profit (loss) from

ordinary activates before
finance costs and
exceptional items

Finance costs
Profit (loss) from
ordinary activities after
finance costs but before
exceptional items

II Tax Expense
12

Net profit (loss) from

ordinary activities after
tax

13 Extraordinary items
14

17

18

21

Net Profit Loss for the

period from continuing
operations

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Quarterly & Half Yearly Financial Result by Companies Other than Banks
3 months
ended (ddmm-yyyy)

Previous 3
months
ended (ddmm-yyyy)

Corresponding 3
months ended in the
previous year (ddninl-YYYY)

Year to date figures

for current period
ended (dd-mmYYYY )

Previous
accounting
year ended
(dd-mm-yyyy)

Date of start of
reporting period

Year to date figures

for previous period
ended (dd-mmYYYY)

01-072016

01-04-2016

01-07-2015

01-04-2016

01-04-2015

01-04-2015

Date of end of
reporting period

30-092016

30-06-2016

30-09-2015

30-09-2016

30-09-2015

31-03-2016

Whether results
are audited or
unaudited

Unaudited

Unaudited

Unaudited

Unaudited

Unaudited

Audited

Nature of report
standalone or Standalone
consolidated

Standalone

Standalone

Standalone

Standalone

Standalone

Particulars

A
B

Part I
22 Details of equity share capital
Paid-up equity
share capital

764

Face value of
equity share
capital

10

764

764

764

764

764

10

10

10

10

10

551.703

23 Details of debt securities

Reserves
24 excluding
revaluation
reserve

26 Earnings per share

Earnings per
share before
extraordinary
items

ii

Basic earnings
per share before
extraordinary
items

-0.24

Diluted earnings
per share before
extraordinary
items

-0.24

0.052

-0.28

-0.187

-0.23

-0.009

0.052

-0.28

-0.187

-0.23

-0.009

0.052

-0.28

-0.187

-0.23

-0.009

0.052

-0.28

-0.187

-0.23

-0.009

Earnings per share after extraordinary items

Basic earnings
per share after
extraordinary
items

-0.24

Diluted earnings
per share after
extraordinary
items

-0.24

Disclosure of
30 notes on
financial results

Textual Information(1)

For AXON V TURES LIMITED

Director / Authorised Signatory

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Text Block
1) The above financial results for the quarter ended 30 September ,2016 have been reviewed by the
Audit Committeee and approved by the Board of Directors at its meeting held on 9th November,
2016 and reveiwed by Statutory Auditors.
2) The figure for the previous quarter/year have been re grouped/re-classified/re-stated wherever
necessary.
3) Investor Complaints for the quarter ended 30/09/2016. Opening- 0, received- 0, Resolved- 0,
Closing -0.
Textual Information(I )

4) The result is availaible on our website www.axoninfotech.in

and on BSE website
www.bseindia.com
5) The Company operates in two Business Segment i.e. Comodity Trading l3uisiness and Finance
Business Activities. Business segment has been identified as separable primary segment in
accordance with Accounting Standard 17 'Segment Reporting' as prescribed under Companies
(Accounting Standards) Rules, 2006, taking into Account the organisational and internal reporting
structure as well as evaluation of risk and return of this segments.
(6) Provision for Taxation, if any, will be made at the end of the Financial Year and hence not
provided on quarterly basis.

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Statement of Asset and Liabilities

Half year ended (dd-mmYYYY)

Previous year ended (dd-inni

yyyy)

Date of start of reporting period

01-04-2016

01-04-2015

Date of end of reporting period

Particulars

30-09-2016

31-03-2016

Whether results are audited or unaudited

Unaudited

Audited

Nature of report standalone or consolidated

Standalone

Standalone

Equity and liabilities

1

Shareholders' funds
Share capital
Reserves and surplus

764

764

537.398

551.703

1301.398

1315.703

Money received against share warrants

Total shareholders' funds
2

Share application money pending allotment

Deferred government grants

Non-current liabilities
Long-term borrowings

77.766

1.1

Deferred tax liabilities (net)

Foreign currency monetary item translation difference liability
account
Other long-term liabilities
Long-term provisions
Total non-current liabilities
6

Current liabilities
Short-term borrowings
lade payables
Other current liabilities

Short-term provisions

0.047

0.028

Total current liabilities

77.813

1.128

Total equity and liabilities

1379.211

1316.831

0.186

0.218

Assets
1

Non-current assets

(i)

Fixed assets
Tangible assets
Producing properties
Intangible assets
Preproducing properties
Tangible assets capital work-in-progress
Intangible assets under development or work-in-progress
Total fixed assets

0.186

0.218

For AXON VEN TURES LIMITED

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Statement of Asset and Liabilities

Half year ended (dd-mmYYYY)

Previous year ended (dd-mmYYYY)

Date of start of reporting period

01-04-2016

01-04-2015

Date of end of reporting period

30-09-2016

31-03-2016

Whether results are audited or unaudited

Unaudited

Audited

Nature of report standalone or consolidated

Standalone

Standalone

Particulars

(ii)

Non-current investments

(v)

Deferred tax assets (net)

(vi)

Foreign currency monetary item translation difference asset

account

(vii)

Long-term loans and advances

0.254

0.254

(viii) Other non-current assets

4
Total non-current assets

0.44

4.472

607.82

615.714

80.197

5.276

17.641

678.738

679.004

6.74

(1

Total current assets

1378.771

1312.359

Total assets

1379.211

1316.831

Current assets

Current investments
Inventories
Trade receivables
Cash and bank balances
Short-term loans and advances
Other current assets

Disclosure of' notes on assets and liabilities

For AXON VE TURES LIMITED

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Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
3 months
ended (ddmm-yyyy)

Previous 3
months
ended (ddmm-yyyy)

Corresponding 3
monthss ended
eneninthe
previous year (ddmm -YYYY)

Year to date
figures for current
fgures
period ended (ddmm -YYYY)

Year to date
figures for
previous period
ended (dd-mmYYYY)

Previous accounting
year ended (dd-nirnYYYY)

Date of start of
reporting period

01-072016

01-04-2016

01-07-2015

01-04-2016

01-04-2015

01-04-2015

Date of end of
reporting period

30-092016

30-06-2016

30-09-2015

30-09-2016

30-09-2015

31-03-2016

Unaudited

Unaudited

Unaudited

Unaudited

Unaudited

Audited

Nature of report
standalone or Standalone
consolidated

Standalone

Standalone

Standalone

Standalone

Standalone

Particulars

Whether accounts are

audited or unaudited

Segment Revenue (Income)

(net sale/income from each segment should be disclosed)

Commodities
Trading Business

122.127

191.62

313.747

370.247

Finance Business

15.098

18.848

129.26

33.946

137.26

118

Other Income

0.01

Total Segment
Revenue

137.225

210.468

129.26

347.693

13727

488.247

129.26

347.693

137.27

488.247

Less: Inter
segment revenue
Revenue from
Operations
2

Segment Result

_137.225

210.468

Profit (+) / Loss ( - ) before tax and interest from each segment

Commodities
Trading Business

Finance Business

Other Income
Total Profit before
tax
i. Finance cost
ii. Other
Unallocable
Expenditure net
off Unallocable
income
Profit before tax

-27.884

0.02

-27.864

1.72

14.041

12.012

-16.29

26.053

-4.875

20.734

0.031

-13.812

12.032

-16.29

-1.811

-4.875

22.454

4.495

8.03

4.75

12.494

10.805

23.13

18.307

4.002

14.305

21.04

15.68

0.675999999999998

3 Capital Employed
(Segment Asset

Segment Liabi ities)

Commodities
Trading Business

5.936

5.936

Finance Business

1295.463

1319.704

1316.16

1295.463

1316.16

1315.724

Other Income

-17.1

-17.1

Total Capital
Employed

1301.399

1319.704

1299.06

1301.399

1299.06

1315.724

Disclosure of notes
on segments

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