PHOTON CAPITAL ADVISORS LIMITED

(CIN : L6s9 1OTG1983PLCOO4368)

Regd. Office: # Plot No.90-A, - 500 033, Telangana.
Road No.9, Jubilee Hills, Hyderabad
Tel/Fax No: 040-40062950, Website: http://www.pcalindia.com/
Email Id - info@pcalindia.com

Date: 73.O2.2Ot7

To

The Manager,
DCS - CRD,
BSE Limited,
Phi roze Jeejeebhoy Towers,
25th Floor, Dalal Street,
Mumbai - 400 001.
Maharashtra

Dear Sir,

Sub: Declaration of un-audited financia! results for the quarter ended

31.12.2OL6 under regulation 30 (2), 30 (5) and 33(3) of the Securities
Exchange Board of India (Listing obligations Disclosure Requirements)
Regulations, 2O15.

The Board of Directors has approved the un-audited financial results of the Company for the
quarter ended 3t.72.2016 at the meeting hetd on Monday, the 13th February 2OL7 at O3.OO
p.m at the registered office of the Company and enclosed herewith the same along with the
limited review report for your information and records.

Thanking you,

Yours faithfully,

tu
For PHOTON CAPITAL ADVISORS LIMITED

TEJASWY NANDURY
WHOLE TIME DIRECTOR
DIN. OOO4L57L

Encl: Un-audited financial results of the Company for the quarter ended 31.12.2016 and
limited review report given by the auditors.
 Photon Copitol Advisorc limiled
CIN No: L659loTGl 983P1C004368

Plot no.90A, Rood no.9, Jubilee Hills, Hyderobod- 500 033Ph.040-40062950, Emoil: inlo@pcolindio.com/grouppcol@gmoil.com, Website: www.pcolindio.com

tn

Ou(rlar erded Nh. Monthc ErdGd T{rr afidod

linllculor lldndobne Conloadolcd 6 onrdflaldlad ha loBoId6l.d
rd ljroudlled lrmudlied lllldudtred lrooud6ed t noudild UnairdnGd UnoudlLd Unoudflcd Audllrd
t& .c-tt 3l -Dec-l 5 3'l -Dec-'16 'l -Dec-'15 3l.lrr.ll Sl.lAdr*!6
I lncome from Operotlons
(o) Nel soles/income from operotions (net of
176.54 126.53 176.54 126.s3 303.08 18.47 JUJ.Ud 18.47 32.13 32.r3
excise duly)
Ib) Olher operotinq income
fotot lncome lrcm operctions (nel) 176.54 tz6.5J I t6.54 ,26.5J 303.08 18.47 J0J.08 t8.47 32.13 i2.13
2 Expenses
(o) Loss from investmenl octivities 6.O7 3.92 6.07 1.80 8.01 5.72 8.0r 12.58 12.58
(b) Employee benefils expenses , 4.75 4.84 4.36 4.75 4.84 4.36 r 5.08 r 3.38 r 5.08 r 3.38 18.36 r 8.36
(c) Other operoling expenses 3.90 4.93 4.?8 4.03 5.02 5.03 12.84 | 4.40 13.r 0 r 4.55 33.06 33.38

(d) Depreciotion & omortisolion expense 0.88 0-89 0.89 0.88 0.89 0.89 2.54 2.83 2.64 2.83 3.72 3.72

Iofo, expenses y,5J tv.o6 ,O.JU IJ.5d I0.80 t6.35 32.36 38.62 36.54 38.77 67.7t 6U.UJ
Prorit/(loss) from Operotions before other
3 income, finonce cosls ond exceptionol items I 67.0r 'I15.87 (l 6. 301 162.96 I r5.73 (r 6.35. 270.72 (20.r5) 266.54 (20.30, (35.58 (3s.90
11-2)
4 Other income 2.s3 2.97 1.42 2.53 39.14 1.82 22.20 5.55 58.32 5.64 2.60 2.75

. Prolll/(loss) lrom ordlnory ocllvllles betore

169.54 1 t8.84 o4 ,48 165.49 154.87 (14.53' 292.92 (r4.60 324.91 04.66 (32. 98' (33.rs
" llnonce cosls cnd excepllonol lrems (3+4)
6 Finonce costs
Proflt/(loss) lrom ordlnory ocllvilles otler
7 flnonce cosls bul belore excepllonol llems (5. r 69.54 rr 8.84 (14 .48 I 65.49 154.87 l4.s3l 292.i2 ( r4.601 324.91 14.66 (32.98. (33.rs
6)
8 Exceotionol items
9' Profll/(loss) from oldlnory ocllvllles before lox ( r4.48' (r4.ss: 14.66 (32.98. (33.rs
I 69.54 I t8.84 16s.49 154.57 292.92 ( 14.60 324.91
(7-8)
l0 Tox expense
o) Current
bl Defered l28.es 128.9s
c) Minimum Alternole Tox IMAT)
d) Iotol
, , Net Prolil /(loss) lrom ordlnory ocllvllles otler r69.54 r r 8.84 (r4 48 165.49 154.87 (r4.s3l 292.92 (r4.60j 324.i1 (r4.66 (4.0s' (4.2O
' ' tox (9-'to)
I 2 Extroordinory items (nei of iox expense)

l3 Net proflt/(loss) lor the perlod (l l-12) t 69.54 I ',t 8-84 (14-44 I f,8.49 154.47 (Itl,53' 292.92 (14.60' 324.i1 (14-66 (4.03' (4.20
l4 Minorily lnterest 12.o4 18.20 (0.03) 16.16 i0.04) (0.0e1

,. Nel Proflt / loss otler loxes ond ofler Mlnorlly (r4.50) (14.62) (4.0s' r)
'" lnleresl
I 69.54 r r8.84 (14.48) I 67.53 I36.67 292.92 o 4.60) 308.75 (4.1

Poid-up equily shore copilol (Rs.l 0/- per 't5l .37

I 6 shore)
r 5r .32 I5r .37 r 5l .37 r 5r .32 r 5r .37 l.5t .37 r 5r .37 l5l .37 l5l .37 r 5r .32 r 5r .32

Reserves excluding revoluotion reserves os

I Z per bolonce sheef of previous occounting 921.79 ?48.42
yeor
,o Eornings PerShore (EPS) - Bosic ond Diluted -
'' nol onnuolised
o) before exlroordinory ilems r 1.20 2.85 t0.e6) i 0.93 10.23 (0.e6) r ?.35 (0.e6) 21.46 (o.?71 lo.27 1o.27't
b) ofter extroordinory ilems 11.20 7.85 (0.e6) r 0.93 10.23 (0.e6) r 9.35 (0.e6) 21.46 lo.?71 i{o.27 lo.27l

Page L ol 2
PART II
GluorLr.ndod I{lnejttonllE E rdcd i?rqr ended
fqt$UbB slonddonr conroldaled sl6ndobn. Conrolldolad Sioird.ilon ConrolHqt d
3t-D.c.l6 t0.sGD.la 3l -D.a-lE 3l-D*-te 3O-SeE-la 31.O.c.I5 3l-D.c-16 3l-Doc-15 3l.Dc-l6 3l.Dcc-I5 3I{/iar-?6 3l-Mor-16

A PARTICUTARS OF SHAREHOI.DING
I Public shoreholding
-Number of shores 3,80,r0s 3,80, r 05 3,80,r0s 3.80. I 05 3,80,r 05 3,80, r 05 3,80,105 3,80, r 05 3,80. r 05 3,80, r 05 3,80, r 05 3,80, r 0s
-Percentoge of shoreholding 25.11 25.11 25.1 r 25.11 2s.l I 25.11 25.11 25.1 I 25.'t1 25.11 25.11 25.11

Promole6 ond promoler group Shqreholding

o) Pledged / Encumbered
- Number of shores
- Percenloge of shores (os o % of lhe tolol
shoreholding of promoter ond promoter 0.00? 0 .w7, 0.N7, 0.007 0.007 o.007, o.@"), 0 .N7, 0.007 0.007 0.007 0.007
grouP)
- Percentoge of shores (os o% of the totol o.o07. 0.007 0 .007 0.007 0.007 0.007 0.007
0.009 0.007 0.007 0.007 0.007
shore copilol ol the compony)
b) Non-encumbered
'I
- Number of shores I 1,33.589 r r,33,589 I r,33,589 I l;33,589 I 1,33,589 I 1,33,589 r r,33,589 I 1,33,589 1,33,589 r r,33.s89 r r,33,s89 I 1,33,589

- Percentoge of shores {os o % of lhe tolol

't00.007 00.007 00.007
shoreholding of promoler ond promoter r00.007 100.007 r 00.007 100.007 r 00.007 r 00.007 100.007 r 00.007 r 00.007 r r

groupl
- Percentoge of shores (os o% of the totol 74.897 74.491, 74.89i 74.897 74.897,
74.89i 74.891, 74.8?7. 74.897, 74.89?, 74.897, 74.8?1,
shore copilol of the compony)

Ouarirrahdcd
?cllcolorr
3I.Dac-16
B NVESIOR COMPIAINTS
5ending qt the beginning of lhe quorter Nit

?eceived during the quorter

)isposed of during lhe quorter
lemoining unresolved ot the end of lhe Nit
Suorler

Noles:

I. The results hove been reviewed by the oudil commillee ond token on record by lhe Boord of Directors in their meeling held on Februory 13, 201 7

2. The Compony does noi hove ony reportoble segments os per AS-l 7 ond hence, disclosures ore not required to be presenled.
3. Due lo wide volotility in the copilol morkels, the compony hos nol corried out troding in derivolive inslrumenls.

4. Figures For the previous periods hove been regrouped/recosted/reorronged whereever necessory 10 moke them comporoble to current yeois clossiticotion

beholf ol ,he Bottd

<-----On

Ploce: Hyderobod
Dole: l3-02-2017
-k{zqtY?_.U.lorwy [ondu]y
*mrtml or".ror
Pholon Copllol Advlsors Llmlled DtN0004157 1

Paze2ol 2
K Vijoyqroghovon & Associotes ttP
Chortered Accountonts lce
LIMlTED REVIEW REPORT

Review Report to
The Board of Directors
Photon Capital Advisors Limited
Plot no: 90-A, Road no: 9,
Jubilee Hills,
Hyderabad - 500033

Dear Sirs,

1. We have reviewed the accompanying statement of standalone unaudited financial results of

Photon Capital Advisors Limited for the quarter and nine month ended December 3L, 201-6,
attached herewith being submitted by the company pursuant to the requirement of Regulation
33 of the SEBI (listing obligation and disclosure requirements) Regulations, 2015 except for the
disclosures regarding 'Public Shareholding' and 'Promoter and promoter Group
Shareholding' which have been traced from disclosures made by the management and
have not been audited by us. This 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 these
financial statements based on our review.

2. We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410,
"Review of lnterim Finonciol lnformotion Performed by the lndependent Auditor of the Entity"
issued by the lnstitute of Chartered Accountants of lndia. This standard requires that we plan
and perform the review to obtain moderate assurance as to whether the financial statements
are free of material misstatement. A review is limited primarily to inquiries of company
personnel and analytical procedures applied to financial data and thus provide less assurance
than 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 applicable accounting standards issued under Companies (Accounting Standard) Rules,
2006 which continue to apply as per section 133 of the Companies Act, 2013, read with Rule-7
of Companies (Accounts) Rules,2014 and other recognized accounting practices and policies has
not disclosed the information required to be disclosed in terms of Clause 41 of the Listing
Agreement including the manner in which it is to be disclosed, or that it contains any material
misstatement.

For K Vijayaraghavan & LLP

Chartered Accountants

K. Ragunathan
Partner
Ptace: Hyderabad Membership No.213723
Date: February 13,2017 Firm Registration No.00471 85/5200040

K Vijayaraghavan & Associates (apartnership lirm

with Regist:rtrcn No 2006/2004) converted into
K Vijayaraghav:n & As:;ocrates LLp (a Limited Lrability
Partnership wilh LLP Registra(ion No AAF-6250)
with eftect lrom February 03,2016

Plot 54, Sagar Society, Road No.2,Banjara Hills, Hyderabad-500034, India

Tel: +91 40 3016 0333, 66276200; Fax: *91 40 40040554
Email : audit@sathguru. com
K Vijoyoroghovon & Associoles ttP
Chorlered Accounlonts CA-

LIMITED REVIEW REPORT

Review Report to
The Board of Directors
Photon Capital Advisors Limited
Plot no: 90-A, Road no: 9,
Jubilee Hills,
Hyderabad - 500033

Dear Sirs,

1. We have reviewed the accompanying statement of consolidated unaudited financial results of

Photon Capital Advisors Limited ("Photon" or "the company") and its subsidiary (collectively
called 'the group') for the quarter and nine months ended December 37, ZO'J-6, attached
herewith, being submitted by the company pursuant to the requirements of clause 41 of the
Listing Agreements, except for the disclosures regarding 'Public Shareholding' and 'promoter
and Promoter Group Shareholding' which have been traced from disclosures made by the
management and have not been audited by us. This 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 these financialstatements based on our review.

z. We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410,
"Review of lnterim Financial lnformation Performed by the lndependent Auditor of the Entity"
issued by the lnstitute of Chartered Accountants of lndia. This standard requires that we plan
and perform the review to obtain moderate assurance as to whether the financial statements
are free of material misstatement. A review is limited primarily to inquiries of company
personnel and analytical procedures applied to financial data and thus provide less assurance
than an audit. We have not performed an audit and accordingly, we do not express an audit
opinion.

3. The Statement includes the consolidated results of its subsidiary: Soven Management Associates
Private Limited.

4. The consolidated financial results include the Group's share of profit after tax of Rs. (a.o4) and
Rs. 3L.98 Lakhs for the quarter and nine months ended December 3'J., 2016 respectively, as
considered in the consolidated financial result, in respect of one subsidiary based on their
interim consolidated financial results which have not been reviewed by their auditor.

X. Viiayaraghavan & Assobiates (a pertnsrship tirm

with Registration No 2086/2004) converted into
K Vijayaraghavan & Associates LLp (a Limited Liability
Partnership with LLP Registration No.AAF-6250)
wilh effect lrom F6bruary 03,2016

Plot 54, Sagar Society, Road No.2,Banjara Hills, Hyderabad-500034, India

Tel: +91 403016 0333, 66276200; Fax: f91 40 40040554
Email : atdit@sathguru. com
 5. 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 applicable accounting standards issued under Companies (Accounting Standard) Rules,
2006 which continue to apply as per section 133 of the companies act, 2013, read with Rule-7 of
Companies (Accounts) Rules, 2014 and other recognized accounting practices and policies has
not disclosed the information required to be disclosed in terms of Clause 41 of the Listing
Agreement including the manner in which it is to be disclosed, or that it contains any material
misstatement.

For K Vijayaraghavan & Associates LLP

Chartered Accountants

A/1-r
T(
\+
K. Ragunathan
Partner
Place: Hyderabad Membership No.213723
Date: February 13,2017 Firm Registration No.00471 85/5200040