Ref. VHL: SCY:FEB:2016-2017 Dated: 14.02.

2017

LISTING DEPARTMENT, LISTING DEPARTMENT,

The National Stock Exchange of India Ltd. Bombay Stock Exchange Ltd.
Exchange Plaza, Plot No. C/1, G Block, Phiroze Jeejeebhoy Towers, Dalal Street,
Bandra Kurla Complex, Bandra (East), Mumbai 400 001
Mumbai 400 051, Maharashtra. Fax No.: 022-22722037,
Fax No.: 022-26598237 and 26598155, Email Id: corp.compliance@bseindia.com
Email Id: cmlist@nse.co.in Scrip Code: 500439
Scrip Code: VHL

SUB: DISCLOSURE UNDER REGULATION 30 & 33 OF SEBI

(LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS,
2015.

Dear Sir/Madam,

Pursuant to Regulation 30 read with Part A of Schedule III and Regulation 33 of SEBI (Listing
Obligations and Disclosure Requirements), Regulations 2015, we wish to inform you that,
Board of Directors in its meeting held on 14th February 2017 has approved the Un-audited
Financial Results for the Quarter/Nine Months ended 31st December, 2016.

Un-audited Financial Results for the Quarter/Nine Months ended 31st December, 2016 along
with Limited Review Report of Statutory Auditors of the Company attached herewith.

Kindly note that the meeting of the Board of Directors commenced at 12.30 p.m. and
concluded at 3.15 p.m.
Kindly note and display the notice on your Notice Board for the information of the members of
your exchange and general public.

Thanking you,
Yours faithfully,
FOR VARDHMAN HOLDINGS LIMITED

(Ruchita Vij)
Authorised Signatory

Encl: as above
VARDHMAN HOLDINGS LIMITED
Regd. Office : Chandigarh Road, Ludhiana - 141 010
Un-audited Financial Results For the Quarter & Nine Months ended 31st December, 2016
Corporate Identity Number (CIN): L17111PB1962PLC002463, PAN: AABCV8088P
Website:www.vardhman.com Email: secretarial.lud@vardhman.com
Rs. In Crores
Sr. Particulars Quarter Ended Quarter Ended Quarter Nine months Nine months Year Ended
No. 31st December , 30th September, Ended 31st ended 31st ended 31st 31st March,
2016 2016 Dec, 2015 Dec.,2016 Dec.,2015 2016
Unaudited Unaudited Unaudited Unaudited Unaudited Audited
1 Income From Operations
a) Income From Operations 2.44 4.18 1.45 13.89 25.23 51.84
b) Other Operating Income 0.35 1.42 0.33 2.42 1.05 1.25

Total Income from operations (a+b) 2.79 5.60 1.78 16.30 26.28 53.09

2 Expenses
a) Cost of Materials Consumed - - - - - -
b) Purchase of Stocks-In-trade - - - - - -
c) Change in Inventories of Finished Goods, - - - - - -
works -in progress and stock -in- trade
d) Employee Benefit Expenses 0.11 0.03 0.05 0.16 0.09 0.13
e) Depreciation and Amortisation Expense 0.01 0.01 0.01 0.03 0.03 0.04
f) Other Expenses 1.12 0.49 0.32 1.14 1.87 3.46

Total Expenses (a to f) 1.24 0.53 0.37 1.32 1.99 3.63

3 Profit/(Loss) from Operations before Other 1.55 5.07 1.41 14.98 24.29 49.46
Income ,Finance Costs and Exceptional Items (1-2)

4 Other Income - - - - - -

5 Profit/(Loss) from ordinary activities before Finance cost and 1.55 5.07 1.41 14.98 24.29 49.46
Exceptional Items (3+4)

6 Finance Cost - - - - - -

7 Profit/(Loss) from ordinary activities after Finance Costs but before 1.55 5.07 1.41 14.98 24.29 49.46
Exceptional Items (5-6)

8 Exceptional Items - - - - - -

9 Profit/(Loss) from ordinary activities before Tax (7+8) 1.55 5.07 1.41 14.98 24.29 49.46

10 Tax Expense 0.10 1.48 0.50 3.14 1.16 1.29

11 Net Profit/ (Loss) from ordinary activities after Tax (9-10) 1.46 3.59 0.91 11.85 23.13 48.17

12 Extraordinary Items - - - - - -

13 Net Profit/ (Loss) for the Period(11+12) 1.46 3.59 0.91 11.85 23.13 48.17

14 Paid-up Equity Capital (Face Value Rs. 10/- per share) 3.19 3.19 3.19 3.19 3.19 3.19

15 Earnings Per Share (before Extraordinary Items)

( in Rs.) (not annualized):
(a)Basic 4.56 11.26 2.84 37.11 72.47 150.93
(b) Diluted 4.56 11.26 2.84 37.11 72.47 150.93

16 Earnings Per Share (after Extraordinary Items)

( in Rs ) (not annualized):
(a)Basic 4.56 11.26 2.84 37.11 72.47 150.93
(b) Diluted 4.56 11.26 2.84 37.11 72.47 150.93

NOTES:

1.The Company has no separate reportable segment as required by Accounting Standard-17 issued by the Institute of Chartered Accountants of India.

2. Figures for previous periods have been recast/regrouped, wherever necessary to make them comparable.

3. The Board of Directors has approved the above results in its meeting held on 14.02.2017, which have been reviewed by statutory auditors as per
Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

For Vardhman Holdings Limited

(S.P. Oswal)
Place : Ludhiana Chairman & Managing Director
Date : 14.02.2017
R. Dewan & Co. HO: 2 SF, GeetanjliApartments,
'Chartered
Accountants Block-E, Rishi Nagar, Ludhiana-1
Telefax: +91-l6l-230583 I
E-mail: rdewanco@yahoo.com

REVIEW REPORT

To

The Board of Directors,

Vardhman Hotdings Limited,
Ludhiana.

We have reviewed the accompanying statement of unaudited financial results of Vardhman

lloldings Limited for the period ended 31st December, 2016 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/ committee of Board of Directors. Our responsibility is to issue a report on these
financial statements based on our review.

We conducted our review in accordance with the Standard on Review Engagement (SRE) Z4LO,
"Review of interim financial information performed by the tndependent Auditors 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 from material misstatement. A review is limited primarily to inquiries of company personnel
and analytical procedures applied to financiat data and thus provide 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 of unaudited financial results prepared in accordance
with applicable accounting standards referred to in section L33 of the Companies Act, 2013 and
other recognized accounting practices and policies has not disclosed the information required to
be disclosed in terms of Clause 33 of the Securities and Exchange Board of lndia (Listing obligation
and disclosure requirements) Regulations, 2015 including the manner in which it is to be
disclosed, or that it contains any material misstatement.

For R. Dewan & Co.,

Charte

Place : Ludhiana
Date : L4.02.20L7