ISO 900'l:2008

TVS

-o

TUVRhclriLnd

ELECTBONICS

lD s105061t31

July 30, 2016

BSE Limited
Phiroze Jeejeebhoy Towers
Dalal Street
lVlumbai - 400 001

Scrip Code - 532513

National Stock Exchange of lndia Limited

Exchange Plaza, 5th Floor
Plot No. C/1 G Block
Bandra - Kurla Complex, Bandra - (E)
lVlumbai - 400 051

Scrip Svmbol - TVSELECT

Dear Sirs,

Sub: Disclosure of the lmpact of Audit Qualifications by the Listed Entities

under Regulation 33152 of SEBI (LODR), (Amendment) Regulations, 2016
Further to Notification No. SEBI/LAD-NRO/GN/2O16-171001dated May 25,2016 and
Circular No. CIR/CFD/CMD/5612016 dated May 27,2016 issued by SEBI, we are
sending herewith the 'Annexure 1', the Statement of lmpact of Audit Qualiflcations on
the Standalone and Consolidated Annual Audited Financial Results of our Company
for the year ended 31st March,2016.

Please note that the Audited Financial Results of the Company for the year ended
31't March,2016 has been approved by the Board on 4th May, 2016 and the same
has been sent to the Stock Exchanges along with Form B.
Kindly take the above on record

Thanking you,
Yours truly,
For TVS Electronics Limited

SN

kshmi

Compa y Secretary

TVS Electronics Limited

South Phase 7A, Second Floor, lndustrial Estates, Guindy, Chennai-600 032. Tel.: + 91-44-4200 5200 Fax : +91144)2?25
Registered Office: Jayalakshmi Estate, New No.29, (Old No.8), Haddows Road, Chennai- 600 006.
Corporate ldentity Number : 130007TN1 995PLC032941
E-mail id : webmaster@tvs-e.in Website: www.tvs-e.in

75Tl

TvS ELECTRONICS IJMITED, CHENNAI

YEAR ENDED 31.03.2016

ANNEXURE 1

Statement of tmoact of Audit Qualifications (for audit reoort with modified opinionl
submatted along with STANDALONE Annual Audlted Financial Results

ulation 33 152 of the

Particulars

lSee

sl

DR

SEBI

Audited Figures (as

per reported
before adiusting
for qualifications)
in !a

No.

Turnever Total lncome

nditure
Total
after tax)
Net Profit

4.

Earnings Per Share (before extra-

2016)

(Amendme

Adiusted

(audited

Figures

figures

after adiusting for

qualifications)

(Rs.

tn
7L5.86

7L5.85
59,172.33
431.18

59,!72.33

2.26
2.25
728.49

2.26
2.25
728.49

tt,387.62

tL,387.62

4,340.87
Nil

4,34c..87
Nil

431.18

ordinary items)

Basic

Diluted
Total Assets
Total Liabilities

5.
5.
7

Net Worth

Any other financial item(s) (as felt

the ma

il

Audit Qualiftcation (each audit oualification seoaratelv

a.

Details of Audit Qualification

b,

As per section 185 of the Companies Act, 2013, loan can be granted to a wholly
owned subsidiary only to carry its "principal businesC activtty.
A sum of Rs. 150 lakhs was B6nted by the companY to its wholly owned
subsidiary company which has no "principal business" activity.
Howeyer, it was represented to us that the sum was advanced to its wholly
owned subsidiary to enable it to pursue investment activities and to pay advance
income tax.
Type of Audit Qualification: Quatified Opinio

gpinien

Frequency of qualification: Whether appeared first time

red for the first time

d.

For Audit Qualification(s) where the impact is quantffied bY the auditor,

Managemenf s Views: Not applicable considerilgfeqlg{gElifi cation.

e.

the auditor:
is not uantified
where the
For Audit
qualification:
(i)
Managemenfs estimation on the impact of audit

(ii)

(iii)

The qualification does not have an impact on the financial statements of

the
tf management is unable to estimate the impact, reasons for the same:
Does not arise
Auditord Comments on (i) or (iil above:
We

ree with

and
Page

above.

of 2

ws

ELECTRONTCS

LlMlrED, CHENNAI

YEAR ENDED 31.03.2015

ANNEXURE 1

Statement of lmoact of Audit Qualifications (for audit report with modified opinionl
submitted alone with STANDALONE Annual Audited Financial Results

ilt

Signatories:
a

CEO

Managing Director

-'K.E.RAN

Managing Director

Business Finance Controller

C.BAIA'I
a

Audit Committee Chairman

PRAVEEN CHAKRAVARTHY
a

Statutory Auditor

fl n.-/*"-^-/'n*
M.BA1ASUBRAMANIYAM

Partner,
M/s. Sundaram & Srinivasan,
Chartered Accountants, Chennai - 5O(X)18.
Firm registration numbe r - OM2O7S

Membership number
Place: Chennai

Date:

zo

Page2of 2

- n945

ll

TVS ELECTRONICS LIMITED, CHENNAI

YEAR ENDED 31.03.2016

ANNEXURE 1

Statement of tmpact of Audit Quatifications (for audit report with -modified opinionl
submitted al one with CONSOLIDATED Ann ualAudited Financial Results

Statement of I moact of Audit Qualifications for the Financial Year ended March 3L.2OLG
201.5
endment) Regulatio
[See Reg ulation 33 / 52 of the SEBI (LODR
(as
Figures
Adjusted
Figures
Audited
Particulars
SI
per
reported (audited figures
No
before adjusting after adjusting for

for

qualifications)
(Rs. in lakhs)

Total lncome

Turnever
Total Ex
Net Profit

Earnings Per Share (before extra-

1..

2.

re
(Loss) (after tax)

qualifications)

(Rs.

in lakhs)

59,856.48
59,188.52
490.61

59,856.48
59,188.52
490.61

2.59
2.57

2.59

ordinary items)

- Basic
- Diluted
Total Assets
Total Liabilities

Net Worth

Any other financial item(s) (as felt

ro riate

2.57

1_6,499.92

76,499.92

1.1.,394.66

1.1,394.56

5,105.26

5,105.26

Nil

Nit

the management

b.

Details of Audit Qualification :

As per section 185 of the Companies Act, 2013, loan can be granted to a wholly
owned subsidiary only to carry its "principal business" activity.
A sum of Rs. 150 lakhs was granted by the company to its wholly owned
subsidiary company which has no "principal business" activity (eliminated in the
consolidation of financial statements).
However, it was represented to us that the sum was advanced to its wholly
owned subsidiary to enable it to pursue investment activities and to pay advance
income tax.
Type of Audit Qualification: Qualified Opinion

Frequencyofqualification:Whetherappearedfirsttime@

Appeared for the first time

d.
e

For Audit Qualification(s) where the impact is quantified by the auditor,

nature of qualification
Views: Not applicable conside
where the impact is not uantified by the auditor:
For Audit Qual
(i)
Management's estimation on the impact of audit qualification:
The qualification does not have an impact on the financial statements of
(ii)

(iii)

the company
tf management I unable to estimate the impact, reasons for the same:
Does not arise
Auditors' Comments on (i) or (ii) above:
and lt above
We agree with
Page 1 of 2

w5

ELECTRONTCS LIMITED, CHENNAI

YEAR ENDED 31.03.2016

ANNEXURE 1

Statement of tmpact of Audit Qualifications (for audit reoort with modified ooinionl
submitted alonq with CONSOLIDATED Annual Audited Financial Results

Sisnatories:
a

CEO

/ Managing

Director

K.E.RANGANATHAN

Managing Director
a

Business Finance Controller

Audit Committee Chairman

PRAVEEN CHAKRAVARTHY
a

Statutory Auditor

fl-*.-rt*rr,u/,* b
M.BALASUBRAMAN]YAM

Partner,
M/s. Sundaram & Srinivasan,
Chartered Accountants, Chennai - 500018.
Firm registration number -@42075
Membership number - F7945
Place: Chennai

Date:

3 olob

Ztlt

Page2of 2